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The Miami News from Miami, Florida • 55

Publication:
The Miami Newsi
Location:
Miami, Florida
Issue Date:
Page:
55
Extracted Article Text (OCR)

olfs otrdded for Rams in NFL deal See story, Co. 3. DOW JONES CLOSING AVERAGES NYSE CLOSING INDEX Market drops 5th day in row The Aiwcllttd Mm Market Index Industrial Transportation Utility Finance 25 cents 58.76 0.33 64.58 0.44 47.68 0.36 35.89 0.11 73.18 0.53 30 Indus. 20 Trans. 13 Utils.

63 Stocks dustrial average dropped 6.7 points to 916.99. Volume was moderate. Declining issues ran about 2 to 1 ahead of advancing stocks on the New York Stock Exchange. Earlier the ratio had been 3 to 1. 916.99 6.70 or 0.72 per cent 226.21 0.74 or 0.32 per cent 107.07 0.20 or 0.18 per cent 303.84 1.08 or 0.33 per cent NEW YORK Prices were down again today In the stock market, for the fifth straight session, although they recouped some of their losses in the late hours.

The Dow Jones in- Dollar drops to floor level LONDON The U.S. dollar dropped to Its floor level In several European foreign exchange markets today under heavy selling pressure. European government central banks were forced to intervene with support buying. In Frankfurt, the dollar hit its permitted floor of 3.1500 marks; in Zurich, the dollar was also down to its floor of 3.7535 Swiss francs; in Paris, the dollar remained at Its permitted floor level of 5.0005 commercial francs, and in London the pound improved by over half a U.S. cent and was quoted at 2.45325.

SPORTS Miami, Fla.r Thursday Afternoon, July 13, 1972 PRICE 10c BUSINESS BRIEFS Fischer forfeits 1 it if second Democratic presidential nominee George Mc-Govern today aske dMissouri Sen. Thomas F. Eagleton to be his running mate In the race against President Nixon, day. informed sources said to-As that word was received, it was announced that Mc-Govern's formal announcement would be made this evening. There was no immediate word whether the 42-year-old Eagleton had responded to the AlcGovern request.

A Roman Catholic from St. Louis, Eagleton is In his first Senate term and had compiled a liberal voting rec ord. He is considered to be an ally of organized labor. The McGovern selection came 15 minutes before a deadline set by the new rules of the party convention, McGovern had spent nearly all day working to find a running mate that would help in his effort to unify the party and attract support from organized labor. The presidential candidate was reported by informed sources to have asked Georgia Gov.

Jimmy Carter to be his running mate. However, Carter was said to hava turned down the request. (Earlier story on Page 1A.) SEC investigates Topper Corp. NEW YORK Topper Corp. is being investigated by the Securities and Exchange Commission, Henry B.

Clarke president and chief executive of Topper, has acknowledged. Wall Street sources said the SEC was studying whether the toy firm failed to promptly disclose news of serious financial difficulties. These difficulties led Topper to request a suspension of trading its stock on the American Stock Exchange, on Feb. 3. The SEC suspended the over-the-counter trading Feb.

18. Britain shows monthly trade profit LONDON Britain made a profit in its trade with the rrst of the world in June, the nation's first monthly trade surplus gain this year, the British government announced today. The Department of Trade and Industry said the June surplus was 15 million pounds about $36 million at current exchange rates. December 1971, was the last time Britain showed a monthly trading profit with the rest of the world. January was first announced as a slight profit, but later corrected to a slight loss.

The last four months have seen heavy deficits, meaning Britain spent more abroad than it earned. French sign anti-pollution pact PARIS The French paper industry will reduce water pollution by 80 per cent in the next five years on an agreement signed between the industry's federation and the French Ministry for Environment. The five-year program which must be ratified by individual paper-producing firms, would cost an estimated $60.6 million, 50 per cent of which will be borne by local authorities, 10 per cent by government grants, 20 per cent through tax rebates, and the remainder by the firms involved. VW silent on U.S. court ruling WOLFSBURG, West Germany Volkswagenwerk AG.

today declined comment on an order by a U.S. district court that its subsidiary, Volkswagen of America divest itself of Volkswagen Products an air conditioner manufactur-' ing subsidiary. An official company spokesman said the parent company in West Germany was still officially unaware of the court ruling. "We cannot comment on the matter while we haven't received the text of the reported court ruling," the spokesman stated. Howard Johnson net up 32 pet.

BOSTON Howard Johnson net income and sales for the second quarter and first six months of 1972 exceeded previous highs for these periods. Net income for the six-month period ended June 30 was $7,795,000, a 32 per cent in Hijackers agree to free hostages game Combined Miami Nwi services REYKJAVIK American challenger Bobby Fischer tonight failed to show up for the second game of the world chess championship series here, and forfeited it to Russian title-holder Boris Spas-sky. Spassky now leads the 24-game series by two points to none. A call was made to the organizers at 10 minutes before the scheduled start of the game, and they were told Fischer wasn't coming. Lo-thar Schmld, the chief referee, said Spassky would have to sit at the chess table by himself for one hour.

Then the game would be forfeited by Fischer. i Fischer said that he is boycotting further play unless three hidden movie cameras are removed from the hall. rounded by armed law officers. The exchange plane, a single-engine Cessna 182, was sitting halfway down the runway awaiting preparation of another plane to follow the Cessna, the FBI said. The FBI agent piloting the small escape plane was identified as Fred Hartung.

The hijackers stipulated that Hartung strip to his underwear. Until the deal was made the hijackers had remained aboard the disabled jet with the three stewardesses. A fourth stewardess, taken hostage in Philadelphia, escaped, unharmed. (Earlier story on Page 1A.) The Astociited Press LAKE JACKSON, Tex. The FBI said today two armed hijackers have agreed to give up three hostaged stewardesses and their ransom money in exchange for a private plane with an agent-pilot.

The deal was the first break in a stalemate which began when the hijackers landed at a small airstrip here aboard a plane hijacked at Philadelphia Wednesday night. After the National Air-lines-727 touched down, the wounded pilot and a badly beaten flight engineer left the plane and it was sur crease over earnings of 72 cents for the 1972 period versus 57 cents for the first six months of 1971 on a greater number of outstanding shares. -Associated Press Wirephoto Colts, International Paper profits soar Drtmc vt ir vnni n. r. i 11 1 I I I III NEW YORK International Co.

27 Paper reported a per NORMAN REAGAN of Miami, Injured National Airlines pilot, is taken to hospital in Texas after hijacking. Verdict slated Monday in Lod massacre trial tradi cent increase In second quarter earnings on a 9 per cent increase in sales. Profits totaled $26.9 million or 60 cents a share, up from $21.2 million or 48 cents a share a year earlier, the company said yesterday. Sales rose to $540.8 million from $496.0 million in 1971. SDS group pickets Humphrey offices LATE NEWS BRIEFS Govaert gets TDA post Rtulert Newt Sfrvlct SARAFAND, Israel A military court trying Japa-n left-wing extremist Kozo Okamoto today, adjourned until Monday to deliver its verdict after hearing the accused claim full re- tponsibility for the Lod Airport massacre.

Twenty-six people, mainly Puerto Rican pilgrims, died and about 70 were wounded In the brief, furious killings in the crowded airport customs hall. Okamoto, lone survivor of the three-man Japanese suicide squad, told the military tribunal today: "I take upon myself full responsibility." In a rambling, S5-miiiute statent ttcoem tur, ehet 0 statement to the court, the 24-year-old university student declared: "I would like to warn the entire world that the Red Army (Okamoto Japanese organization for world revolution) will slay anyone who stands on the side of the bourgeoisie. "This I do not say as a joke." At one stage, Okamoto mystically referred to some of those killed at Lod as becoming stars in the sky and Gut Govaert, senior vice president with the United Banking Group, today was named executive director of the Miami Beach Tourist Development Authority. The vote to hire Govaert to the post was 6-1. He will begin duties Aug.

1. vis. She is expected to be released tomorrow. Chanting, "Pay up, racist Ravenholt" the demonstrators demanded to see Eiler Christian Ravenholt, administrative assistant to Sen. Daniel Inouye of Hawaii who has been on loan for the past few months to the Humphrey campaign.

Police did not charge Ravenholt in connection with the accident. About 50 members of the Students for a Democratic Society today were picketing the Hubert Humphrey offices at the Carillon Hotel to demand payment of all medical expenses for an SDS membtr they say was hit by an auto driven by a Humphrey campaign aide. The woman, identified as Mrs. Dorothy Christian of Miami, is now in Mount Sinai Hospital with a broken pel (Earlier Story on Page 1C) TM Associated Prist LOS ANGELES Carroll Rosenbloom traded his Baltimore Colts today for sole ownership of the Los Angeles Rams in a unique National Football League transaction. At the same time, Rosen-bloom said the Colts were 1 purchased by Robert Irsay of Skokie.

and Willard (Bud) Keland of Racine, Wis. Proceeds of the Colts sale go to the former stockholders of the Rams, the majority interest held by the estate of the late Daniel Reeves. Rosenbloom, who flew; from Miami to Los Angeles early today, said "Commissioner Pete Rozelle made a conference call to all principals last night and said the league had approved the transaction. "I am now the sole owner of the Rams. That is the only way I would go." Asked why he would leave Baltimore and its winning record, including a Super Bowl title, Rosenbloom replied that he was seeking new challenges.

Rosenbloom would jive no monetary figure on the transaction. It had been redjorted the Rams were worth $20 million said "There will be very many stars." If the court pronounces him guilty cm the four charges against him three of them carry a possible death penalty it will again adjourn before sentencing. Judicial sources here consider that a death sentence would amost certainly be commuted. Only one man has been executed in Israel Nazi war criminal Adolf Eichmann. Okamoto was unshackled from the two military policemen, to whom he has been handcuffed throughout his trial, to make his statement, in which he described the massacre as part of the world revolution.

Speaking firmly, through an interpreter and gazing down at the ground in front of him, he told the court how he had been trained for the attack by Arab guerrillas at Baalbeck in the Lebanon. The Lebanese government hat denied that the suicide squad was In Lebanon. Calley visits father in hospital GAINESVILLE Lt. William Calley Jr. flew to Gainesville today for a 30-minute visit with his father at the Veterans' Administration Hospital.

A hospital spokesman said the father is in a coma. He declined to reveal the ailment Calley, 22, who is being held in his Ft. Benning, apartment during the appeals process for his conviction of murdering 22 civilians at My Lai, was accompanied by two men, one in Lebanese free NBC exec 'OD' Askew makes visit to command post here TODAY'S DAILY DOUBLE Kanafani and his teenage niece were killed here last Saturday when a bomb exploded in his car. Hunt. Beirut bureau chief for NBC, said after his release that he had been informed no charges were being brought against either him or his company.

But, he said he had been Renter! Newt Mrvki BEIRUT The Lebanese government today announced the release of NBC broadcaster Richard Hunt after police had held him overnight for questioning. No official explanation was given, but judicial sources said the incident was connected with wide-ranging investigations into the assays'- nation of Ghassan Kanafani, Palestinian commando leader. courthouse by County Manager Ray Goode. The post is manned by federal personnel, including the military with some generals, state law enforcement people and county police and staff members. Admission is by pass only and the elevators to those floors can be ud only by those who have key to their mechanisms.

"OD" visited the well-guarded four floor convention command post in the County Courthouse today and commended all for an "outstanding job." "OD" is the code-niime the security-types hi given to Gov. Reubin O'Donnovan Askew. He was e-irted on his inspection trip or the LMst through 24th floors of the ti, iyo, 1. crm Time imn.pol 4 08 Sfl i'b tn (Me') 4J.201I L'll GiM9n.) 140 0 1 '5. Tim 1 0 i-J Sem Peon, r-' G'v.

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Pages Available:
1,386,195
Years Available:
1904-1988