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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Jul 24, 1969
Page
5
The piece argues that fear dominates trading now, with negative short term factors amplified while positives are ignored. Traders imitate peers, creating a classic bear market dynamic. Unlike years ago, institutions now drive sentiment, spreading pessimism through shared information and coordinated action.
An AP analysis portrays a cautious market voice from analyst Martin Slipknot who warned of tight money high rates and uncertainty from Vietnam and the balance of payments. His caution coincided with fund managers selling, as brokers and banks faced losses and pulled back on purchases amid jittery sentiment.
Market authorities say optimism may be returning as funds turn more hopeful. Martin had acted on vague guidance and the current tone suggests investors see signs of potential improvement despite an uncertain forecast.
Vancouver AP reports used car dealer Joe Hargitt offers no money down loans with 30 month terms to cover divorce costs. He charges two percent or a $35 minimum fee and promotes financing for divorces, while other finance firms say loans for any purpose exist if the borrower’s ability to pay is clear, though they avoid advertising divorce loans due to controversy. In Cleveland, Parma Heights service station operator John Hudd’s watchdog proved more bark than bite, costing Hudd 100.
Hudd, after three burglaries in eight months, got a fierce Norwegian elkhound for the station watchdog. A neighbor complained the dog howled all night. Mayor Cassidy suggested replacing the dog. Days later $100 was taken in an overnight burglary. Cassidy sympathized but noted a quieter dog might help. Maiden's Green England AP Gordon Chapman left his wife a speeding summons in death. he had one prior motoring offense in 84 years. He was charged with driving furiously and endangering others, recalled by his widow as near 20 mph that day.
An advertisement brief urges readers to place results oriented ads in the Journal Classified section. It highlights quick placement and local reach for notices, sales, and services. Local merchants and residents are invited to submit entries to boost visibility and response.
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