November 5, 1969

FTC staff study on concentration effects of mergers proposes that more detailed financial repts be required from large, diversified cos; criticizes SEC for not going far enough in its recent revision of rules; says profit information by product line should be required; proposes that SEC and FTC jointly frame new reptg requirements for conglomerates; criticizes acctg profession for sanctioning practices that have 'granted merger-minded cos broad opportunities to mislead investors and to obtain unwarranted support in securities mkt for their aggressive programs of expansion'

Nixon, displaying stacks of laudatory telegrams, says 'great silent majority' supports his s; says demonstration of support can have more effect on ending war sooner than anything else; shows small stack of unfavorable telegrams; white House source says Nixon believes he can get US out of Vietnam in non fashion 'if people stick with him four to six mos'; Nixon aides see flood of messages as evidence thousands of Amers have been moved to give some visible sign of support for Nixon policy

Sen-HR conferees agree on mil appropriations bill that includes virtually all Defense Dept requests and additional $415-million it had not recommended; earlier Cong cuts voided

elected Gov; tally