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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Jun 18, 1975
Page
1
The Dow Jones industrial average rose .63 to 820.24 by noon after an early decline. The New York Stock Exchange showed more losers than gainers in a mixed trading session as investors eyed second quarter earnings outlook.
Albany lawmakers fail to reach consensus on key issues as they push dozens of bills through committees and on the floor. Negotiations linger on tax, state aid, and a large Democratic 331 million and Republican 197 million budget plans. The Civil Service contract dispute remains unresolved, delaying adjournment hopes.
Democrats press for a recess instead of adjournment to allow quick veto overrides, while Republicans resist any extension beyond this week. The governor faces a 10 day window to sign or veto bills, with 30 days after adjournment to act on a flood of major and minor measures.
Taxpayers face potential costs after a $1,750,000 certificate of deposit issued by Continental National Bank in the Justice Department request misleads about wealth. An informant linked to interstate securities thefts posed as affluent from a Southern California mansion while the scheme was exposed by the Chicago Daily News. The affair embarrasses the Justice Department and Chicago’s largest bank amid a crackdown on organized crime rings.
The National Weather Service at Hancock Field forecasts sunny skies and a high near 80. Tonight will be partly cloudy with a low around 60 and a 20 percent chance of rain through tomorrow.
Ithaca police arrested 18 year old Peter Rentz of North Lansing after troopers described a brutal killing of his mother at their home late yesterday. The Tompkins County district attorney's office is handling the case.
The New York Court of Appeals unanimously affirmed the constitutionality of the states antidrug law. The ruling upholds mandatory sentences from one year to life for sale of a dangerous drug across eight conviction cases. Chief Judge Brai t e t cited that trafficking drugs creates other crimes including violent acts.
Lambros D Alamond found a money bag with 1800 in cash and 4200 in Holiday Inn checks on a road near Ithaca. He handed it to state police after learning the rightful owner. Holiday Inn manager Jim Kurz had misplaced the bag, and Alamond said he did not keep any of the money.
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