Automated AP stock tables to be fully computerized
The Associated Press announced plans to automate its stock market tables using a jointly developed computer system with IBM. The system would read and tabulate market data at microsecond speed, transmitting updated quotations to newspapers and preparing end of day figures for December 1962 installation. The move aims to speed and improve accuracy beyond manual methods.
MENTIONED IN THIS ARTICLE
New York
Act
Ieteiiuracyh al
Moss
Frank J Starzel
Saio: Ie
Associated Press
Seemsey
American
Midwest
Associated
Second day in Zapata Bank hearing over depositors' fate
In Laredo AP report Keith Funston of the NYSE hails AP stock-tables automation as speeding news dissemination. The Medina family owned Bank of Zapata faced a creditors hearing in federal court. Overdrafts totalled 424,350.98, with assets at 919,043.94 against liabilities of 811,771.78. Manuel Medina, longtime Zapata political figure, said the bank closed July 17 and admitted taking 5000 from deposits for a trip to Mexico.
MENTIONED IN THIS ARTICLE
Associated Press
Keith Funston
New York Stock Exchange
Still Laredo
Manuel Medina
Bank
Zapata
Itjon
Medina
Ben Concass
Nally
Mexico
Mexican Sugar Output Doubles In Five Years
Mexico doubled its sugar production in five years. Last year output reached 1,400,000 tons, up from 700,000 in 1956, per the National Union of Sugar Producers. The report highlights steady growth and modernization in processing and distribution sectors.
MENTIONED IN THIS ARTICLE
Mexico City
Mexico
National Union of Sugar Producers
Padaland Pak Committee Plans State Park Study
A Texas article notes a state-wide panel to study creating a Padre Island state park. Land Commissioner Jerry Sadler said Gov. Price Daniel will appoint members, following an Aug. 30 critique of a proposed national seashore on the narrow land strip.
Nevada likely to host new nuclear test in four months
Observers note increased activity around the Las Vegas test site as the Atomic Energy Commission prepares to resume underground testing. Governor Sadler plans a rapid committee appointment to handle information, while Albuquerque officials reiterate efforts to implement the president's announcement. F W Woolworth, pioneer of the dime store, faced failure before success.
MENTIONED IN THIS ARTICLE
Atomic Energy Commission
Kennedy
Sadler
Indi Laboratories
Cated
United States
Mittee
AEC
Las Vegas
New
Albuquerque, N.M
Also Mentioned on This Page
Edward T. McCormick
American Exchange
American Stock Exchange
Stock Exchange
Padeland Pak Committee
Nevada
Baytown
Marsh's Beauty Salon
Mrs. Harris
Fortune
Anders
Fabrig
Roemete
Jefferson
Love
Morrison
West
Texas
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