Blue Chips Lead Stock Mart Decline
A concise report notes blue chips falling in a stock market session. Analysts question whether the dip signals a buying opportunity or a broader downturn and weigh potential impacts on investors and portfolios.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jan 15, 1970
Page
13
A concise report notes blue chips falling in a stock market session. Analysts question whether the dip signals a buying opportunity or a broader downturn and weigh potential impacts on investors and portfolios.
New York and San Antonio excerpts discuss investments and market outlook. Converts to emphasis on long term strategies, fund choices, and volatility. Mentions investors, convertible bonds, mutual funds, and stock sectors with caution about market shifts.
San Antonio real and personal property valuation tops 1 billion dollars for the first time, says City Tax Assessor-Collector Leonard Baker Jr. The final roll totals 33 billion, up 54 trillion from the prior year, shaping the city’s upcoming tax bills.
Sen. Biton Bayh D ld says he will press the Senate Judiciary Committee for action on a proposed constitutional amendment to elect the president by direct vote. The House has sent the measure to the states for ratification but it remains stranded in the Senate committee. Bayh said the time for action has come and pledged to push for movement this session.
New York markets showed declines and selective advances as trading remained cautious ahead of a State of the Union message and anticipated airline outcomes. Major issues included Four Seasons Nursing, Data Products, and Transcon Himental Investing with notable activity on the Big Board, while discussions of retirement policy altered civil service terms for long-serving workers.
Continental Trailways plans to add twelve new Silver Eagle buses to its fleet on routes from Dallas to Houston to Brownsville and Dallas to San Antonio to Brownsville. President L Eugene Brown states the luxury coaches are built by Bus and Car Company Kok Bruges Belgium and will offer climate control air conditioning and adjustable Voyager style seating with individual reading lights for passengers.
Two men pleaded innocent to federal conspiracy charges tied to using the office for influence involving Speaker McCormack. The defendants include Martha Swelg, an administrative assistant to a Massachusetts Democrat, and Nathan Valoshen, described as a lobbyist with ties to McCormack’s circle.
Raymond J. Scott, 35, an ex convict with a criminal history, is charged in a series of stunting incidents that left one dead and three injured near Lafayatte, California. Police report a shooting spree Tuesday night at a garage where a man sheltered him. Scott was set for arraignment Friday.
A special meeting of the Policy Panel is planned in the Model Cities area near 30 pm Thursday at St. Agnes Parish Hall. Roy M. Montez, director of Modal Cifics, says the session will review a mid planning year statement draft required by HUD to outline program direction.
Manila AP report says a minibus carrying Philippine students overturned after striking a fallen electric pole and burst into flames killing six people and injuring others. Police investigated the crash and identified the dead and injured at the scene.
The Texas Railroad Commission maintains a 68 percent oil allowable for February, citing falling crude inventories. The limit permits up to 3,732,913 barrels per day in maximum production, with estimated actual output at 3,25,500 barrels daily.
A Houston coin shop operator says Wednesday that rare coins he advertises are not part of the treasure salvaged from Padre Island. The seller notes the coins are available at midtown shops in Corpus Christi amid speculation linking Vogt coins to the wrecks off the Corpus Christi coast in 1590.
Dr J Hayskawa a noted semanticist and college president declared he is out of the race for Yiha U S Senate and the post of state superintendent of public education He will remain head of San Francisco State and continue the fight for academic freedom at the college
Livestock market notes chaotic pricing with cows and steers steady to higher at Fort Worth markets. Prices listed include hogs and miscellaneous cattle, with varied weights and categories. Market terms show steady demand and mixed quality across lots, reflecting fluctuating buyer activity.
Newark report says Anthony Attanasior, age unknown, tried to free his stuck car by spinning the rear wheels for about thirty minutes. An overheated exhaust ignited the 28s tank, causing a fatal blaze as he died in the ensuing fire.
Twenty two convicts escaped from Holman maximum security unit at Atmore State Prison in Alabama. Seven were recaptured within hours, three inside the grounds and two near the perimeter. The new unit opened last month houses long term inmates including murderers.
Washington Transportation Secretary John Volpe warns that expanding the auto fleet beyond current levels could threaten the nation's progress. He proposes a shift toward alternative transit modes such as pollution-free buses rapid rail cars and subways built on aerospace tech advances to preserve urban quality of life.
In Conroe AP reports police killed a Kansas City man after a three way gun battle ending a two day exchange with the suspected tavern owner killer. The suspect is identified as Jesse Faulk, 28, while his 14 year old niece was wounded in the leg and is hospitalized.
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