Opening market spurt seen as technical rally
New York stocks opened higher in heavy volume with the Dow Jones industrial average up 9.38 to 640.54 at 10:30 a.m. The gain followed a week of losses and came amid debates over the market's direction. Analysts called it a technical rally based on recent declines, while others warned the downtrend could continue. The prior day saw the Dow drop to 631.16, its lowest since 1962, as 943 stocks hit new lows for the year. Market volume reached 17.03 million shares.
MENTIONED IN THIS ARTICLE
Merrill, Lynch, Pierce, Fenner and Smith
New York
Rockefeller Center
Dow
Wall Street
Dow-Jones
American Telephone
UPI
New York Exchange
New York City
Jack A. L Hahn
Indianapolis
hospital association
Hahn
OECD urges U S wage price guides for stability
Paris based OECD, including the United States, urged adopting wage and price guidelines to help the U S cure economic ills. It foresaw a moderate second half of the year if monetary conditions ease and recommended one year wage contracts to curb inflation. It warned growth could be zero in early 1970, with inflation risk easing only gradually.
MENTIONED IN THIS ARTICLE
PARIS
UPI
United States
Organization for Economic Cooperation and Development
U.S
OECD
Weather outlook with cooler highs in the 70s
The forecast calls for mostly sunny and a bit cooler today with highs in the low to mid 70s. Tonight will be clear and cool with lows in the mid to upper 40s. Details page 11 note a 69 degree reading at 2 15 in Riga and yesterday’s low of 44 at 6 30 this morning.
MENTIONED IN THIS ARTICLE
RIGA
Lorain County population tops 282000 in latest estimates
Lorain County shows continued growth with an April 1 estimate of 282000, a rise of 61961 from the 1960 census. Lorain city, Amherst, Avon, Avon Lake, North Ridgeville, and Sheffield Lake posted notable year gains as planners stress evolving methods to improve forecasts amid varied economic and demographic factors.
MENTIONED IN THIS ARTICLE
Lorain County
ELYRIA
Lorain
Amherst
Avon
Avon Lake
North Ridgeville
Sheffield Lake
Cambodia and South Viet Nam renew diplomatic ties
South Vietnam and Cambodia announce full diplomatic relations after a five year break. Saigon will keep troops in Cambodia until Communist forces are defeated, with both nations aiming to curb Viet Cong and North Vietnamese influence. No timetable set for ambassadors.
MENTIONED IN THIS ARTICLE
SAIGON
UPI
South Vietnam
Cambodia
Tran Van Lam
Yem Shambaur
Southeast Asia
SHAMBAUR
Phnom Penh
Nixon
United States
Norodom Sihanouk
Sihanouk
Lon Nol
U.S. jets strike North Vietnam after plane attack
U.S. warplanes bombed North Vietnam two days after an unarmed reconnaissance aircraft was fired on by ground gunners. Spokesmen said the action aimed at anti aircraft sites near Dong Hoi as Vietnam and Cambodia restored diplomatic ties. Casualty figures cited include 210 Americans killed and 833 wounded, with South Vietnamese losses at 505 dead and over 2,200 wounded.
MENTIONED IN THIS ARTICLE
SAIGON
UPS
U.S
North Vietnam
Cambodia
Air Force
Creighton
W. Abrams
Dong Hoi
Hospital cost surge prompts Medicare reforms debate
Senate Finance Committee hearings on rising hospital costs foreseeing 1980 daily rates of 400 in rural areas 600 in mid sizes and 1000 in major cities spur calls to control Medicare Medicaid outlays. Ribicoff cites Berke and Lee predicting sharp rise while Willams warns solvency could be threatened. proposals include merging hospital and doctor coverage and raising payroll taxes.
MENTIONED IN THIS ARTICLE
WASHINGTON
Senate Finance Committee
Abraham A. Ribicoff
DConn
RIBICOFF
Mark Berke
San Francisco
American Hospital Association
Philip Lee
Health, Education and Welfare Department
Senate panel OKs postal pay raise and reform plan
The Senate Post Office Committee approved an 8 percent pay raise and key reforms to modernize the U S mail service, while rejecting administration rate hikes to fund the raise. House panel likewise rejected rate increases, proposing a stamp rise from 6 to 8 cents and higher second and third class rates, with differences over retroactivity and congressional veto provisions. The bill would create a nine member presidentially appointed postal governors board to run the service, and an independent five member rate commission to set national rates. The plan aims to fund about 90 percent of postal operations while keeping a 10 percent subsidy ongoing.
MENTIONED IN THIS ARTICLE
WASHINGTON
UPI
Senate Post Office Committee
Nixon
U.S mail service
House Post Office Committee
SENATE
House committee
House
Congress
rate commission
McGee
Te Lee call Leo Jackson Park
Te Lee call Leo Jackson Park appears in a brief item noting a community message or event location. The fragment references a person named Leo Jackson and a park, implying a local activity or notice without broader context or dates.
MENTIONED IN THIS ARTICLE
Te Lee
Leo Jackson Park
Cleveland artist named county game protector
Cleveland artist Bevear Ald, a wildlife art specialist, was appointed Lorain County game protector to succeed Robert Tomazin who retired March 11. Brown, a 1964 John Marshall High School graduate, had served in the office as protector at large and worked previously as an artist for the Cleveland Zoo, with a background in wildlife paintings and birds.
MENTIONED IN THIS ARTICLE
Bevear ald
Lorain
Robert Tomazin
Pete Brown
West Ave
Cleveland
BROWN JS
John Marshall High School
Ohin
Columbus
cual Semets
Also Mentioned on This Page
Nixon administration
BALHIYF
Amherst Township
commission
Vietnam
utility installa
LAM
Gulf of Thailand
LORAIN — Council
port baceenees
Elyria Municipal Court
spaeeenee Entertainment Finance
Grafton Obertin tee k
Exeiene
Pobno
Ske
N. Viet
panhandle
Lyndon B. Johnson
Takeo Province
Sen
J. Willams
Del
medicare
trol
Gale W. McGee
D-Wryo
board of governors
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