Market rally slows after Nixon Peking visit announcement
New York stocks opened higher as President Nixon said he would visit Peking but gains faded in early trading. Dow rose to 893.18 up 4.31 with 789 up and 345 down among 1,426 issues. S and P 500 up 0.60 as Commodities and industry show mixed moves and labor strikes impact transportation.
MENTIONED IN THIS ARTICLE
New York
UPI
Nixon
Peking
Monte Gégdon
Bache & Co
Standard and Poor
Welfare change urged to lobby for board shift
Ruth Wootten of the Welfare Department advisory board said the Welfare Board has ignored several advisory group suggestions including a surplus food warehouse request from the Coconino Community Action Agency. Ida Noble and Wootten spoke at a news conference about Coconino County while Joe Montoya said a Flagstaff warehouse request was made over a year ago but funds were unavailable.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Ruth Wootten
Welfare Department
Coconino Community Action Agency
Wootten
Ida Noble
State Welfare Rights Organization
Coconino County
Joe Montoya
Coconino Agency
Flagstaff
Stock Market Slows as Prices Rise Across Major Indices
State Welfare Commissioner John Graham said the department could not lease warehouse space in Flagstaff or other locations due to limited availability. Dow Jones Industrial Average rose to 889.53, up 0.66. Transports gained 0.10, while Utilities held steady. Volume and a broad list of stock quotes from major issuers such as Alcoa, IBM, General Electric, Ford, and Texaco are shown with modest gains and assorted percentages.
MENTIONED IN THIS ARTICLE
Commerce Department
Ramada Inns
Capital Cities Broadcasting
CBS
United Transportation Union
Union Pacific
Southern Railways
Southern
General Motors
State Welfare
John Graham
Flagstaff
United Press International
Dow Jones
Indus
Trans
F. J. du Pont
Glore Forgan & Co
Alcoa
American Can
American Motors
At&t
Arizona
Soc
Bell & Howell
Bendix
Bethlehem Steel
Boeing
Chrysler
du Pont
Eastern Air Lines
Eastman
Emerson
Fairchild Camera
Ford Motors
Frontier
General Dynamics
General Electric
General Telephone
Goodyear
Honeywell
IBM
Skaggs
Southern Pacific
Sperry Rand
Standard of
Calif
Texaco
Texas Gulf
Rail labor strife widens as UTU strikes two railroads
United Transportation Union members walk out at Southern and Union Pacific after a 12 hour bargaining session yields no work rule agreement. Officials warn of mass firings and pay cuts as talks resume. Chicago UTU avoids strike under injunction against Chicago & North Western.
MENTIONED IN THIS ARTICLE
United Transportation Union
Southern
Union Pacific
Washington
Southern Railroad
UTU
Chicago
Chicago & North Western Railroad
Bell System
Syrian army delegation seeks entry to combat zone
In Jordan the Syrian army delegation led by Abou Iyyad arrived to mediate and sought permission to visit the fighting area as Palestinian guerrillas reported extended clashes with King Hussein’s troops. Guerrilla spokesmen accused Jordanian forces of heavy artillery, tanks and phosphorus shells against their positions. Islamic leaders from Egypt joined talks in Mersa Matruh with Sadat and Khadafy’s Libyan government in a regional meeting.
MENTIONED IN THIS ARTICLE
United Press International
Hussein
Jordan
UPI
John Bonar
Amman
Fiveeman
Beirut
Mersa Matruh
Mediterranean ‘Sea
Anwar Sadat
Egypt
Middle East News Agency
MENA
Abou Iyyad
al Fatah
Yaser Arfat
Sasat
Muammar Khadafy
Mahmoud Al-Ayyoubi
Zein Abdel Kader
Sudan
Bond Forfeited In Arizona Shootout Case
An Illinois man arrested July 1 in connection with a June 30 Scottsdale shootout forfeited bond of 166 dollars on a misdemeanor weapons charge. Samuel Annerino Jr., 28, had been charged with assault with a deadly weapon but this was dropped. Police found three knives and a sap in his car. the car matched a repo description. No injuries were reported.
MENTIONED IN THIS ARTICLE
Samuel Annerino Jr
Annerino
Annérino
N. Parkway
Horses or no Circus still to show in Phoenix
Ringling Bros. and Barnum & Bailey officials said the Texas horses shipment ban will not affect the Phoenix show. Allen J. Bloom, executive VP, said wagons can be moved locally and spectators will see no difference. The Arizona board barred entry of horses amid sleeping sickness fears after Texas issued a quarantine. The circus planned to open in Phoenix as scheduled.
MENTIONED IN THIS ARTICLE
Charles Swan
Michele
Steve Brown
Hayden and
Oak
Phoenix
UPI
State Livestock Sanitary Board
Texas
Arizona
Ringling Bros. and Barnum & Bailey Circus
Allen
Arizona Livestock Sanitary Board
11-year-old Phoenix arsonist admits fires including nurseries
An 11-year-old boy admitted to police that he set a series of fires over the past two months. The blazes destroyed Berridge's Nursery on July 2 and the Ortho Mattress showroom last week on the east side. He implicated an unnamed companion and said they did not intend to ruin the businesses, showing a general disregard.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Berridge’s Nursery
Ortho Mattress
Richard Newton
Also Mentioned on This Page
Continental
Ontinental ‘Bank
FDIC
Camelback Rd
Scottsdale
N. Central
List
FBI
CWA
Illinois
District 5
Ray Stevens
King's
Food
Thomas Road
New Delhi
Boy
Newton
Mattress Company
Lee
Lee Optical
Bank- Americard
W. Adams St
Mesa
Dale
Ott Park Central
3100
Tempe
Mill Ave
Tel
Old Scottsdale Rd
Christown 19Th Ave
Bethany Home Rd
Tucson el Con Center
Amphi Pl
Ord
Avon
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