Heaviest Stock Losses Since 1929 Shake Markets
Wall Street fell as blue chips and growth stocks dropped heavily on Monday. The Dow dropped to 516.88 amid 9.2 million shares traded, with Standard Oil and General Electric among steep decliners.
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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 29, 1962
Page
9
Wall Street fell as blue chips and growth stocks dropped heavily on Monday. The Dow dropped to 516.88 amid 9.2 million shares traded, with Standard Oil and General Electric among steep decliners.
Indianapolds market report shows hogs and cattle mixed with mostly steady to modest declines. Markets note steady to higher cows and bulls, spring lambs near steady, and diverse weights trading from about 13 to 26 dollars per hundredweight for various categories, amid broader commodity activity and a social event at Elwood Country Club.
Elwood to observe Memorial Day with a city parade and graveside program. Businesses banks and city offices will close. parade starts at 2 p.m. from Main and 18th, moving west to Anderson Street then to the Soldiers and Sailors Monument at Elwood City Cemetery. About 29 units expected to participate.
Elwood reports Delta Chi installation at Indianapolis with Mrs. Robins and Mrs Balser among honored guests. Local seniors and students attend awards at Ball State Teachers College, with plans for parade participation by American Legion and VFW Units. Memorial Day events include funeral services for Miss Alice Bender in Alexandria and visits by Gold Star and War Mothers groups.
Alexandria Monday opened Vacation Bible School at the Church of the Nazarene with classes from 7 to 8:30 p.m. Teachers and officers include Colleen Hodge superintendent Glenda Hart Iness secretary and Deardra Studebaker pianist. Legion posts plan annual election and a large parade lineup with many local groups participating including Elwood fire and police and local auxiliaries.
Howard Whigham 75 died Sunday morning at his daughter's home in Alexandria. He was a retired National Gypsum Company employee of 35 years, a 40 year resident, and St Mary's Catholic Church member. Born Sept 10 1886 in Mt Pleasant Iowa, he was son of William and Amelia Whigham. He married Emma Linsmeyer in 1926 in Anderson. she died January 1962. Survived by daughter Mrs. Herbert Ice, one brother Gail Whigham, four grandchildren and seven great grandchildren. Funeral at 2 p m Wednesday at Earl M. Kyle Funeral Home, Rev Robert Sorg officiating, IOOF Cemetery interment. Friends may call after 2 p m today.
General Electric announces about 30 percent price cuts on oil tantalum capacitors used in electronic systems for missiles and other purposes. Also notes New York as the U S financial center between 1830 and 1640. Memorial Day specials listed by Favorite Flower Shop with carnations and geraniums. Karl M. Kyle Funeral Home announces rosary services after 5 p.m. and 7:30 p.m. service for Alexandria parish members.
The Nazarene VBS is underway with Mrs Lydia Watkins and Mrs W Phyllis Ellis guiding the Junior Department. Mrs Francis Etchison Maude Ohler Alice Miller Nellie Gascho Helen Reese Eugene Scott and others assist. Junior High is led by Mrs Helen Ewing and Mrs Max Tulowitzky. In other news, Fo Hospital Rt 1 Scott Addition resident Homer Scott was taken to St Johns Hospital Anderson Saturday evening by Karl M Kyle ambulance.
Members of the Friendly Circle met at Mrs. Arthur Good ing home. An invitation from Mary and Herschel Carey was read for a June 7 party at the 4 H Home Economics Building in observance of the Careys 18th wedding anniversary. Plans discussed for the annual Joint Picnic of Four Monroe Township clubs on June 6 at Beulah Park. Next meeting June 14 with Mrs. Phil Crull. Attendees listed. Boy Scout Troop 87 May meeting canceled due to summer camp planning. Jaycees elected officers including John Nofize president and Ajax Arvin to speak at June 27 installation banquet.
A string of agricultural and real estate auction notices list multiple households and firms across Indiana towns. Entries include Mold and furniture auctions near Anderson, farm and public sales near Muncie, Clinton Street Sum mitville, Henry Street Eng M Hood, and Pendleton area executors with antique sales.
Atten Eagles by laws meeting scheduled for Thursday May 1st. Charles Dancan of W.P. listed as contact or organizer for details or attendance.
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