July 24, 1971

A 25‐year‐old clerk employed by the Bankers Trust Company was seized yesterday on a busy street in the financial district as he sought to sell $1.2‐million in negotiable securities for $40,000, the Federal Bureau of Investigation said.

Sen Symington says Nixon Adm still intends to permit about $15-million in arms to be shipped to Pakistan despite repeated official statements implying that total embargo has been imposed since Mar 25; charges Adm sows confusion through ambiguous statements and semantics; contrasts repeated statements hinting US had ceased all deliveries with subsequent evidence that deliveries continued under guise of bureaucratic subterfuges; sr US officials privately confirm that about $15-million worth of arms in US may be transported to Pakistan as soon as shipping and adm arrangements are made; State Dept scores Kennedy for divulging confidential dept cables; Kennedy replies that high Govt officials refuse to be candid and deliberately 'mislead and suppress information'

BLS Consumer Price Index in June rises 0.5% seasonally adjusted, largest rise for single mo since Apr '70; rise is at annual rate of about 6.5%, compared with rate of 3% in 1st 4 mos of yr; Labor Sec Hodgson calls June 'not one of better mos on price front,' but stresses that 1st half showed smallest increase since last half of '67; Ziegler says Nixon Adm plans no change in policy and has 'confidence in policies we are proceeding with'; Dem Natl Chmn O'Brien calls June rept 'devastating' and scores Nixon for it; graph; table

negotiations continue in effort to avert extension of strike to Southern Pacific and N&W; Labor Dept spokesman repts union and rr negotiators have just begun '1st hard, head-to-head bargaining' since strike began; rrs repr says compromise settlement reached between union and C&NW is not acceptable as pattern for natl settlement

Pres Tubman dies following surgery, London; Vice Pres Tolbert sworn in as Pres