The Miami News from Miami, Florida on February 5, 1969 · 1
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The Miami News from Miami, Florida · 1

Miami, Florida
Issue Date:
Wednesday, February 5, 1969
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3mi IBm km & y PACE IA iie Closing iVeic? York, American Stocks Stock Mart 'Uncertain 9 Comblntd Miami Ntwi Prtss Services NEW YORK The stock market closed in fairly active trading after another mixed and uncertain session. Volume was built up by some fairly large blocks, including a late transaction of 122,300 shares of Chicago Pneumatic Tool, off 2 at 47. Broadcasting and tobacco stock were irregular, showing no particular nervousness over a pending decision of the Federal Trade Commission on cigaret broadcast advertising. Bow Jones Averages SO Indus. 20 Ralls IS Utilities 65 Stocks 943.98 0.87 or 0.09 279.02 0.63 or 0.22 139.44 0.06 or 0.04 343.56 0.46 or 0.13 : Spotlight Stocks BunkRamo 483,600 152 4 Coast St Gas 281,900 33 Elect Music 221,700 8 Occidental Petrol 206,100 47 INACorp 191,000 51'2 Vj Armour 182,800 71 Gen Mills 161,800 33 Sun Oil pf 139,300 53 Great West Finan. 133,800 23 Eastman Kodak 133.200 71'2 1V4 ChlPneuT 130,200 48 Bethlehem Steel 114,700 36 Va AJ Industries ,,' 114,500 17 1 Am Tel & Tel 107,400 54 Union Pacific pf 99,200 11', yt Closing Neiv York Index Market up 11 cents Index 58.42 0.1 1 Industrial 60.67 0.06 Transportation , 58.31 0.14 Utility 46.82 0.30 Finance 77.48 0.14 Daytona Beach Land Eyed DAYTONA BEACH The J. C. Penney Co., today offered $1 million for 32 acres on City Island, an area in downtown Daytona Beach, to construct an air conditioned mall, marine hotel, office buildings and a complex of garden-type apartments. The department store company said the total project would cost $10 million and would take four years to build. Burroughs Buys In Broward Burroughs Corp. said today it has finalized pur-chase of 34 acres in an industrial park in Pompano Beach for initial construction of a research and development facility. Burroughs is expected to eventually employ 4,500 research and management personnel. Dividend Nixed By AMC DETROIT Directors of American Motors today voted to omit payment of a dividend during the current quarter ending March 31. It was the 14th consecutive time the directors omitted a dividend, the last for 12 Yt cents per share being declared Aug. 2, 1965. AMC, smallest of the four major automakers, earned nearly $11.8 million on sales of $761.1 million during its last fiscal year ended Sept. 30, 1968. Durable Goods9 Orders Rise WASHINGTON New orders for durable good3 increased in December instead of declining as the first available data seemed to indicate, the Commerce Department reported today. In its Jan. 23 "early returns" durables report, the department said the seasonally adjusted total for December new orders probably would reach $29.1 billion, compared with $29.3 billion in November. Emerson Buys Fisher Radio ST. LOUIS Emerson Electric Co. of St. Louis and Fisher Radio Corp. of New York City, announced jointly today the acquisition of the Fisher company by Emerson. Emerson common stock would be issued in exchange for the business and assets of Fisher. SEC Blasts Susquehanna WASHINGTON The Securities and Exchange Commission said its staff has accused Susquehanna Corp. of falsely disclaiming intentions of liquidating Pan American Sulphur Co. in a tender offer that gained Susquehanna working control. Susquehanna denied the charges. Following the tender offer to Pan American shareholders last November, Susquehanna purchased 1.8 million of the 4.8 million outstanding shares at $40 per share. Institutional Investments Up . NEW YORK Institutional investors at the end of last year held an estimated total of $155.2 billion of the $693.2-billion value of all stocks listed New York Stock Exchange, the exchange has reported. It said the 1968 figure was 22.4 per cent of the .total compared wth the revised 1967 percentage of 22 percent Trirm Mm iinws goo oo UIM? giMS HBm 73 Years of Publishing A COX NEWSPAPER Telephone 350-2941 Miami, Florida Wednesday, February 5, 1969 10 Cents LATE SPORTS MMi rv w (n w TuWS DAILY DOUBLE Brave Greek ($6.40) won today's first race at Hialeah by 9 lengths and Navy Strut ($12) closed fast along the rail to outfinish Full Capacity by half a length in the second. The 5-7 daily double paid $30.40. tmmmmmmsmmmmtma NAZI FLAG BURNED BY PROTESTERS Reuters News Service) NEW YORK About 25 pro-Arab demonstrators today burned a Nazi flag outside the Israeli United Nations mission to protest what they called "Israeli troop ..brutality" against Arab schoolgirls in Gaza earlier this week. Shouting "Zionism is Nazism" and "long live free Palestine," the demonstrators put a match to the large red flag with a blue Nazi insignia as 10 policemen and about 15. reporters watched. Only a handful of passers-by bothered to glance at the group as television cameras recorded the burning. 1 mil ' 4 -1 n A ! Sparked Probe In Gerstein Case By MILT SOSIN Miiml Newt Rtporttr AH charges of perjury and conspiracy against Max Diamond were thrown out by Criminal Court Judge Jack Turner today after the state conceded that Dominick Salfi, Gov. Kirk's special prober, had immunized the defendant. The decision apparently 'J v- .,M.:.; 1 t . v. Yr If t 'VV.'i 1 rt i XIV 1 President Awed By Tracy Greenwood's Political Muscle Ten In elieved Dead LiltleBy Pays Call irasri w wmne onNkon Tht Associated Press PORT ANGELES, . Wash. A twin-engine air taxi plane crashed and burned on takeoff for a regular flight to Seattle just before dawn today. All aboard wee killed. Nathan Richardson, county coroner, said the plane was believed to have been carrying eight passengers in addition to the two pilots, but the bodies were so badly charred an exact count was difficult. ' Efforts were being made to determine the exact number aboard through duplicates of tickets sold by the Angeles Flying Service, owner of the Beechcraft. Richardson said the victims were trapped in the flaming wreckage and had no chance to escape. An eyewitness said the plane took off in an excep-tionally steep climb, appeared to stall, fell off to the left and crashed about 1,000 feet north of the main runway at the Clallam County Airport here. The plane had been used U.S. Accepts Mideast Talks Th Associated Press WASHINGTON The United States agreed today, in a note to France, to join in four-power talks aimed at breaking the deadlock in Middle East peace efforts. Secretary of State William P. Rogers handed the note to French Ambassador Charles Lucet at 12:15 p.m. EST. President Nixon had decided several days ago to accept the French proposal for tajks on the crisis. for round-trip shuttle flights three times daily between here and Seattle, less than 100 miles apart, Port Angeles is on the Strait of Juan de Fuca in northwest Washington. Those killed included Larry Schindler, 20 program director for Radio Station KNOP here; Bill Fairchild, owner-operator of the flying service, and Bill Boos, the second pilot. p if , I ' S M '4' ''ft, - V It; X ) n J u Ml i rrr -t h V, r) mm mk m mm. Z-z-z-zound Asleep With the sit-in at the University of Chicago Admin-istration Building in its seventh day today, the situ ation becomes a sleep-in for youth in foreground. Girl and boy in background carry walkie-talkie radios to communicate with other student "police" in the building, but they seem to be attuned to the same wave length without using the radios. WASHINGTON President Nixon enjoyed a White House visit today with five-year-old Tracy Greenwood, the 1969 March of Dimes National Poster Child. The President brought in his three dogs and smilingly talked about comic books and animals with his young visitor. It was the first such ceremonial for Nixon. The youngster was accompanied to the White House by his parents, Mr. and Mrs. Keith Greenwood of Velma, Okla., his brother, Jamie, 7, House Democratic Leader Carl Albert of Oklahoma and Sen. Henry Bellmon, (R., Okla.). The visit was an effort to dramatize the work of the March of Dimes in helping to combat children's diseases and birth defects like the one Tracy suffers from. A bright and active youngster, despite his leg braces, Tracy romped with the President's three dogs tiny Yorkshire terrier Pasha, barking poodle Vicky and big shy Irish setter puppy, King Timahoe. "The international language-dogs," the President commented. He made sure Tracy got photographed. "We want everybody to see how great he is," the President said of the little boy, who was born with an open spine and water on the brain and was given slim chance to survival when doctors took over his case at the University of Oklahoma Medical Center. Nixon also signed Tracy's autograph book, making a point of giving equal treatment to his older brother, Jamie, and saying he knew how it was with brothers, having grown up with five of them. 1 also means collapse of the state's case against Howard Edwards, indicted with Diamond by the Grand Jury for perjury, conspiracy and giving false information to a newspaper in accusing State Attorney Richard E. Gerstein of accepting a bribe. joe Durant, administrative chief on Gerstein's staff, excoriated Salfi, who testified Monday he did not get waivers of immunity before questioning Edwards and Diamond the day after Diamond testified before the grand jury. Also highly critical of Salfi was Dan Pearson, special grand jury counsel in the case, who told the court that the state now was considering the possibility of filing a new information against Diamond on grounds that he c o m m i t e d perjury before Salfi. "When Salfi took Diamond's testimony without getting a waiver of immunity," Pearson told the court, "he undermined the work of the grand jury." Obviously incensed, Durant said in open court, "There was no way for us to Nixon Ends Patronage In Post Office Tht Associated Press WASHINGTON President Nixon announced today that, effective immediately, all postmasterships will be removed from the political patronage system. Nixon appeared before newsmen to give the first word on what he labeled a historic decision to eliminate political considerations that have traditionally been considered in the selection of postmasters since the earliest days of the Republic. The chief executive introduced Postmaster General Winton M. Blount who said that, when future vacancies occur for postmasterships or rural carrier jobs, "The best qualified candidate will be appointed, regardless of his or her politics indeed without anyone even asking the candidate's political party affiliation." know how Irresponsible Salfi was going to be and we wonder how Salfi can explain why he obtained waivers of immunity from other witnesses he questioned but not Diamond and Edwards." Edwards is in Michigan facing extradition to Florida. Durant says that the case against him probably has been seriously compromised by Salfi's actions. (Earlier story, Page 6A.) FCC Asks TV, Radio Cigaret Ad Bair Tht Associated Press WASHINGTON The Federal Communications Commission voted today to propose rules which would prohibit the advertising of cigarets on radio and television. Rep. John E. Moss (D., Calif.) said he was advised the commission voted 6 to 1 to submit the proposed rules for comment. The regulations would be effective after July 1 if Congress allows a five-year ban on FCC regulation of cigaret advertising to expire on that date. The proposed rules also would require further approval by the commission. Moss said the commission adopted the proposed regulation so that Congress would know in advance, while it is considering the matter, what controls might be imposed. He said the prohibition would allow for some exceptions, such as for those advertisers who disclose the tar and nicotine content of cigarets. The commission said it does not intend to take any final action until the matter is reviewed in Congress. Moss said the dissenting vote was cast by Commissioner James J. Wadsworth. 'Pigeons' Drop $4,650 Into Con Gang's Hands Police reported today that three Coral Gables residents have been bilked out of $4,-650 in the past week by a confidence gang working the old "Pigeon Drop" game. The game begins when one con man approaches a potential victim on the street ard strikes up a conversation. A second con man later joins in, reports that he has found some money and asks 'what he should do with it , One of the swimWs then contacts an "attorney" and returns with the word that the trio can. claim the cash by putting up a "good faith" deposit of additional money. The victims, two housewives an da University of Miami student, made such deposits during the week, never to see the con men again. Police describe the swindlers as four women and a man. No arrests have bepn made. tj

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