Cornell No Longer Holds Gulf Stock; No Reason Offered

Cornell University is no longer a Gulf oil shareholder, Dale R. Corson, Cornell's president, said yesterday.

Black students at Cornell occupied a building for several days last spring with demands that included university pressure on Gulf to withdraw from the Portuguese colony of Angola.

Harvard-Radcliffe Afro occupied Massachusetts Hall for a week last May in an effort to get Harvard to sell its Gulf stock, but Harvard's last financial report, which came out two weeks ago, shows the University still holding 700,000 shares.

Corson told reporters yesterday that he did not know when Cornell had sold its 93,500 shares. He also said he had no idea whether Cornell's Trustees had bowed to student pressure in the sale.

Never Tell Me

"They deal with large amounts of stock every day and never tell me what they're doing," he explained.

"All I can tell you is that it was done in accordance with stated "university policy," he said. "This policy, coupled with favorable market conditions produced the sale."