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The Miami News from Miami, Florida • 53

Publication:
The Miami Newsi
Location:
Miami, Florida
Issue Date:
Page:
53
Extracted Article Text (OCR)

Jw f. Story in Col. 3 ill crams DOW JONES CLOSING AVERAGES NYSE CLOSING INDEX Prices make small gain 7 cents 59.10 0.10 30 Industrials 20 Transportation 15 Utilities 65 Stocks Thi Associated Press 937.31 3.84 or 0.41 253.52 0.32 or 0.12 109.73 0.23 or 0.21 319.16 0.93 or 0.29 Market Index Industrial Transportation Utility Finance 64.31 52.43 37.26 78.21 0.14 0.10 0.04 0.27 The advance ended a three-session losing streak for the market, during which the Dow Jones average of 30 industrials "tumbled some 20 points. NEW YORK The stock market, buoyed by bargain hunting, scored a small gain today. Trading was moderate.

LATE FINANCE Canada gets U.S. warning Combined Miami News Services WASHINGTON The United States cautioned Canada today against moving to distort "normal trade patterns" with its proposal to screen foreign takeovers of Canadian businesses. In a cautiously worded statement, the Treasury Department said in effect that it recognizes Canada's right to adopt legislation governing foreign business takeovers. "At the same time," the Treasury said, "we would hope and expect that any Canadian negotiations with foreign investors would not produce results which would have the effect of distorting normal trade patterns." Miami, Thursday Afternoon, May 4, 1972 PRICE 10c BUSINESS BRIEFS (B)0i VI id rar mm IU ltd Ttrl5MJR Metro workers aid police The Associeted Press WASHINGTON The United States is sending some additional war planes to Southeast Asia, a Pentagon spokesman said today. Without going into detail, spokesman Jerry Friedheim told newsmen there would "some additional augmentation of land-based aircraft," Hialeah firm has earnings drop Equipment Co.

of America suffered a sharp earnings drop for the three months ended March 31, compared to a year earlier. The Hialeah-based firm made $47,540, or 4 cents per share, compared with $91,873, or 11 cents per share. Sales increased to $1.4 million from $1 million. Stardust Hotel sale canceled LAS VEGAS Plans to sell the Stardust Hotel on the Las Vegas strip to the Hyatt Corp. have been canceled, the Recrion owner of the hotel announced.

The two corporations said last month they were negotiating the sale of the Stardust. Recrion also owns the Fremont Hotel here. "We just decided it was not the right time and circumstance," Recrion secretary L. B. Nelson said.

Recrion sold the Aladdin Hotel here last fall. Revlon earnings increase NEW YORK Revlon Inc. reported record preliminary first quarter sales and earnings for the three-month period ending March 31, 1972, said Charles Revson, chairman, at the annual stockholders' meeting today. Net sales for the three-month period were $100 million as compared with sales of $89,500,000 in the corresponding period of 1971, an increase of 11.7 per cent. Net earnings increased to 62 cents per common share, as compared with net earnings of $7,500,000, or 58 cents per common share, an increase of 8 per cent.

Sears sales up 5.7 per cent CHICAGO Sears, Roebuck and Co. reported today a 5.7 per cent increase in sales for the four weeks ended April 29 over the corresponding 1971 period. Gross sales were $843,493,088, up $45,300,531 over sales of $798,192,557 in the comparable four weeks of 1971. A spokesman said the earlier Easter and inclement weather adversely affected April sales. Volume for the 13 weeks ended April 29 was $2,562,679,939, an increase of $218,543,349 or 9.3 per cent over $2,344,136,590 in the corresponding 1971 period.

6 airlines get trans-Atlantic OK WASHINGTON On instructions of President Nixon, the Civil Aeronautics Board authorized the six supplemental airlines currently authorized to provide trans-Atlantic service to continue doing so for three more years. The board issued three-year certificates, effective July 5, to Overseas National Airways, New York City; Capitol International Airways, Smyrna, and four charter airlines based at Oakland, Saturn, Trans International, World and Universal. The board denied the applications of two other supplemental airlines, Modern Air Transport, Miami, and Purdue Airlines, West Lafayette, for authority to enter the trans-Atlantic charter market. continuing a u.5. Duildup to try and repel a North Vietnamese invasion of South Vietnam.

Sources indicated the new air reinforcements will come from the United States. -Associated Press Wirephoto Quick action Metro. Waste Division employes today resulted in the capture of two armed robbery suspects and recovery of cash allegedly stolen minutes before. Sheriff's officers said two young black males held up the U-Totem Store at 10470 SW 72nd St. at 10 a.m.

and fled in a 1970 yellow outh Duster. Walter Allison, 55, a Waste Division foreman, saw the incident and began following the suspects. He used his vehicle radio to notify David Quarrels, 38, at the Waste Division communications section, and Quarrels called the Sheriff's Department. Officer Paul Brown relayed the information to patrol units, and Officer Roy Shuli stopped the fleeing vehicle with Allison right behind it at Miller Drive and SW 92nd Ave. Shull said he found a bullet hole in the Plymouth's trunk inflicted by the store manager, Raymond Caffee, 54, who had fired several shots at the getaway car as it sped off.

He also found $58.50 in cash and a chrome-plated revolver, and he arrested Jerome Dupree, 19, of 10940 Eureka and a 16-year-old juvenile whose name was withheld. Protesters carry signs at Honeywell office here War foes picket firm in Miami Florida growers face UFW boycott This will raise the number of U.S. Air Force, navy and marine fighter bombers and bombers sent to South Vietnam, Thailand and Guam since early April to around 300 and will bring total U.S. land-based and carrier-based strike planes in the theater to more than 800. Friedheim noted some additional naval vessels are en route, indicating new departures of warships for Southeast Asian waters are planned immediately.

Disclosure of the additional air reinforcements came shortly after the breakdown of resumed peace negotiations in Paris, a diplomatic development which suggested the United States might accelerate the air war against North Vietnam once again. However, Friedheim char- acterized the air reinforcements as part of "an overall plan to make sure Gen. Creighton W. Abrams has available to him all the air and naval assets he needs to protect remaining American troops to assist the South Vietnamese" in repelling the offensive. LATE NEWS BRIEFS had labor contacts in 27 foreign countries "who are ready at any time to help us in boycotting Florida products." As an example, he said two Japanese unions with a total of 100,000 members are ready to boycott Florida citrus "whenever we say so.

They would like to see a bondsmen nder surre not identify the He did unions. from him or anyone like him is about to stop us," Lynn said. He said a UFW delegation called on officials of the American Farm Bureau in Chicago last week and threatened "massive propaganda and boycott campaigns against Farm Bureaus" beginning Monday. Lynn said the UFW representatives informed them the campaigns would be conducted in 40 cities throughout the country if the Farm Bureau did not cease all state and national legislative efforts to provide for secret ballot elections in union organizing of farm laborers "and other leg-i 1 a i detrimental to unions." Manuel Chavez said he Retired teachers install president Joseph Fitzgerald of New Haven, Conn, was installed today as president of the National Retired Teachers' Association. Fitzgerald retired in 1950 after a 45-year career in the New Haven School system.

He was inaugurated to a two-year term as head of the ember retired teachers group at its 25th anniversary convention in Miami Beach. Fitzgerald was host at a reception Tuesday for Mrs. Richard Nixon, who addressed the convention. About 125 demonstrators staged a three-hour march today outside the Miami office of Honeywell Inc. and demanded that the computer firm "quit making products used to kill people in Vietnam." Marching in a picket line in front of the company's offices at 2138 Biscayne the demonstrators ranging from high school students to white-haired retirees carried signs and chanted slogans against the war and against Honeywell, one of the nation's key contractors with the Pentagon.

The demonstration, which was sponsored by the Florida Peace Action Coalition, an organization composed of anti-war groups in Dade and Broward counties, was staged as part of a nationwide "Emergency Anti-War Moratorium." The demonstration outside the Honeywell offices began at about 10 a.m. and was peaceful. There were no arrests. Throughout the demonstration, however, the doors to the offices remained locked. The protesters distributed pamphlets charging Honeywell, a huge computer and control systems manufacturing firm based in Minneapolis, with making "gruesome a i -personnel bombs and devices." By IKE FLORES Associated Press Writer The controversial United Farm Workers Union is preparing extensive foreign boycotts of Florida farm products as a result of a dispute with the powerful Florida Farm Bureau.

The UFW's top Florida official, Manuel Chavez, said the Farm Bureau Federation and Florida Agriculture Commissioner Doyle Conner "are at the point of forcing us into this action." Chavez, a cousin of the union's founder in California, Cesar Chavez, declared the Farm Bureau is engaged In nationwide "anti-union activities." He accused Conner and Florida Farm Bureau Vice President John C. Lynn of racism and bigotry for what be said were attempts to squelch union organizing efforts among the state's black and Latin-origin farm laborers, i The federation, reacting strongly to what Lynn described as UFW threats, said earlier this week it was intensifying efforts "to expose below-the-belt tactics" by the labor union. "We intend to redouble our efforts to assist farmers and farm workers in their struggles against demagogues like Cesar Chavez and no threats or coercion Atlantic City mayor, 6 others indicted WASHINGTON Mayor William T. Somers of Atlantic City, N.J., a former mayor and five additional city officials were indicted today by a federal grand jury on charges of bribery, extortion and conspiracy. Named in the indictment were Somers, 55, the resort city's mayor since 1969; Richard S.

Jackson, 64, mayor from 1967 to 1969 and currently the executive director of the Atlantic City Expressway; Arthur W. Ponzio, 48, director of public works; Karlos R. LaSane, 39, director of parks and public property. Also Robert Glass of Port Republic, N.J., the main supervisor of the airport, park and recreation areas of Atlantic City: Germaine Fisher, 58, secretary to the director of public works, and Florence Clark, 71, Margate City, N.J., former assistant purchasing agent for the resort community. Shevin names Richard top aide TALLAHASSEE A long-haired, mod young attorney with a yen to create a "Nader's Raiders" corps of student snoopers watching state regulator agencies was appointed deputy attorney general Thursday.

Barry Richard, 30-year-old son of former Miami Beach Mayor Mel Richard, was named to the post by Attorney General Robert Shevin. Shevin's new deputy has been head of the attorney general's Miami office, where he created "Richard's Raiders," a group of University of Miami students whose achievements included removal frorfi store shelves of potentially deadly toys. Humphrey still leading in Ohio COLUMBUS, Ohio With 12,095 of Ohio's 12,648 polling places reported, Sen. Hubert Humphrey is leading Sen. George McGovern by one per cent.

Humphrey has 41 per cent of the. vote. McGovern has 40 per cent. Here are the vote totals for the 38 at-Iarge delegates to the Democratic National Convention: Humphrey 454,772, McGovern 431,714, Muskie 97,530, Jackson 88,459 and McCarthy 24,491. (Earlier Story on Page 6A.) Circuit Court Judge Milton Friedman accepted the surrender today of two bail bondsmen wanted on first-degree murder charges and ordered them to Dade County Jail after denying them bail.

Gary Baker, 32, and James R. Marin, 26, came to the county courthouse accompanied by attorneys Harvey St. Jean and Lawrence S. Katz after calling Friedman's office and asking for a hearing. The bondsmen were indicted Tuesday by the Dade County Grand Jury for killing William King, 23, as he fled from their office trying to escape arrest.

Both Baker of 13210 NE 13th Ave. and Marin of 950 NW 39th Ct. had been free on $10,000 bail on second-degree murder charges filed by the Metro Public Safety Department before the grand jury's indictment. The attorneys said they would appeal the denial of bond to the Third District Court of Appeal. Cong say 'administration' set up in Quang Tri area The Associated Press SAIGON The Viet Cong claimed today it had established a "revolutionary administration" in Quang Tri, South Vietnam's northernmost provincial capital.

A broadcast by the Viet Cong's clandestine Radio Liberation said Quang Tri, which fell Monday, had been "liberated." The radio broadcast, a communique of "the People's Revolutionary Committee in Quang Tri city," called for nullification of "the administration and other organizations set up by the United States and the Saigon government." It also called for nullification of "the military and police of the puppet administration." "Secret agents and members of reactionary organizations must present themselves to the revolutionary administration with weapons, documents and radio equipment," the broadcast said. "Those who try to evade or to continue to operata for the enemy will be punished severely." The broadcast concluded: "Everybody must keep military information secret and help the revolutionary administration and armed forces.".

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