August 7, 1956

Eisenhower confs with Dulles; latter to meet with 20 Latin Amer Ambs; he and assts Murphy, Allen and Elbrick stress US policy of moderation in talks with Ambs Makins (GB), al-Khayyal (Saudi Arabia), Tani (Japan), Khouri (Lebanon), Mehta (India), Tunisian charge d'affaires Bourguiba and Menzies; al-Khayyal backs Egypt; says Saudi Arabia would weigh aid to Egypt if force is used; Khouri says Lebanon backs Arabs; silent on action in event of force; US stresses 6th Fleet maneuvers are routine; Asian govts back Egypt, laud moderate US stand; possible Egyptian appeal to UN noted; US stock market repts sharp drop; oil stocks most affected

gets Min Zhukov replies to queries on USSR defense policy and issue of conventional arms role in air-nuclear age

Meadowbrook Natl Bank: Lynbrook, NY, branch night depository robbed of $100,000

US Steel raises price $8.50 a ton; cites higher labor costs, other cost rises; increase lower than expected; USWA silent; rise effects on steel products prices discussed

Harriman conv staff concentrates on favorite-son states; McKinney in charge; aided by Backer, Benefield, Rosenman, Mrs Edwards; DeSapio confident; Mrs Edwards illus; Harriman forces indicate they will not try to split party on civil rights