Document by6KmnnoKa0BX9qNeQkVNr9qo
{flaming Ncuia' WILMINGTON. DEL
0. 44,027
JUL 151970
l
Compiled from Dispatches
.The Big Four auto builders said their sales during the
first 10 days of July were 2,(91 vehicles higher than the
comparable period a year ago with G.M. and American Motors both reporting increased sales.. .JVlonsanto Co. of St.
Louis, manufacturer of an industrial chemical caTieifPCB has
decided to restrict sales of the chemical because of mounting
evidence that it can induce birth defects In animals... RCA
reported a drop In second quarter profits from the same
period a year ago, attributed to a slowdown in the national
economy and a strike at 12 of the company's manufacturing
plants throughout June. RCA said it had second quarter earnings of gi4.9 million on sales of $795 million, compared
with 1969 second-quarter earnings of (27.3 million on sales of
6806 million. It said earnings per share dropped to 20 cents
from 38 cents for the second quarter... Rep. Joe L. Evins,
D*Tenn., said he has been informed the Nixon Administration
has dropped plans for sale of three federally owned gaseous
diffusion plants to private Interests. These plants, at Oak
Ridge, Term., Paducah, Ky., and Portsmouth, Ohio, produce I enriched uranium for nuclear power plants and for nuclear
I weapons ... Merrill Lynch, Pierce, Fenner & Smith, Inc., the
I Nation's largest brokerage firm, reported today earnings of
\ 813.9 million for the first half of this year, a 23 per cent
j decline . . . The Treasury Department ruled that Japanese
< electronic tuners of the sort used in consumer electronic j products are being ''dumped" in the United Stales at less
; than fair value .... Crown Zellerbach Corp., a leading paper
and .wood products manufacturer, reported a 21 per cent
; decline in net income for the second quarter of 1970 despite a
new high in sales volume.