Stocks Open Lower In Wide Market Decline
NEW YORK AP stock market opened lower in active trading with fractional declines in most issues. Chrysler down 2.25 to 41, Raytheon off 13.2 to 25, Montgomery Ward down 1.50 to 26. Early trading hinted at whether the market has bottomed after Monday’s worst loss since 1929. The AP 60-stock average fell to 211.20, the Dow 576.93, down 34.95, with 9.35 million shares traded.
MENTIONED IN THIS ARTICLE
New York
Chrysler
Raytheon
Montgomery Ward
New York Stock Exchange
Associated Press
Dow Jones
Memorial Day Observances in Biddeford Saco Area
Memorial Day events in Biddeford and Saco include five division parade in Biddeford at 2 PM and three division parade in Saco at 10 AM. United Spanish War Veterans conduct services at Biddeford Universal Church lawn at 1 30 PM. Memorial services at Laurel Hill cemetery feature Rev. St Pierre and Gettysburg address by a Burns student.
MENTIONED IN THIS ARTICLE
Biddeford - Saco
Biddeford
Saco
Woodlawn Cemetery
St. Joseph Cemetery
United Spanish War Veterans
Biddeford-Saco Journal
Amvets
Owen-Davis American Legion
David Whelan
Saco Police Department
Dinsmore Worthing
Raymond Parisien
Arnold Ballard
the Legion
Painchand
103Rd Armored Panzer Division
Saco Rangers
Ronnie Mitchell
Thornton Academy
Amvets and Auxiliary
American Legion and Auxiliary
Arthur St. Pierre
Joseph Stirling
Grace Johnson
Donald Beal
C. K. Burns
Clinton Fecteau
Biddeford Universal Church
America
Market Chief Faces Drop With Calm Resolve
Edwin Posner, 71, chairman of the American Stock Exchange, downplays Monday’s market decline as he retires for the night with a novel. He says markets test souls but people will endure, noting prices react when the public panics. Posner plans to stay on as president after Labor Day, with Edwin Etherington 37 favored to take over.
MENTIONED IN THIS ARTICLE
Darden Chambliss
AP Business
NEW York
American Stock Exchange
Edwin Posner
Posner
American Exchange
Edwin Etheringn
Etherington
Man with one wife too many jokily noted
A wry caption notes that a man need not be a bigamist to have one wife too many. The quip reflects light humor on matrimonial counts.
MENTIONED IN THIS ARTICLE
Gen
Fea, Corp
Valedictorian Rebuffed Over Disarmament Speech at George Stevens Academy
BLUE HILL AP Trustees upheld Principal J Mahlon Niles in barring valedictorian Russell Salsbury from delivering a disarmament themed graduation address. Salsbury and salutatorian refuse to participate. the board split over allowing a rewrite. Niles cited disciplinary reasons though Harvard bound student faces possible expulsion in other cases.
MENTIONED IN THIS ARTICLE
Blue Hill
George Stevens Academy
Russell Salsbury
J. Mahlon Niles
Niles
Salsbury
Harvard
United States
Academy
Decoration Day origins and nationwide observances
A Civil War era act by women and children decorating graves sparked Decoration Day. Gen. Logan ordained May 30 as a national day to honor fallen comrades. Observances spread from Arlington to Pearl Harbor, with states like Alabama and Georgia setting April dates while others observe May 10 or June 1.
MENTIONED IN THIS ARTICLE
Pierce Lehmbeck
Associated Press
South
John A. Logan
Grand Army of the Republic
Bull Run
el Caney
Argonne
Pacific
Chanjin Reservoir
An Chau
Viet Nam
National Cemetery
Arlington
Hawaii
Pearl Harbor
Carbondale, Ill
Alabama
Florida
Georgia
Mississippi
North
South Carolina
Tennessee
Hodges Urges Quick Federal Action to Stabilize Markets
Secretary Hodges urged rapid steps to restore confidence after a stock slump. He backs tax overhaul ahead of schedule and an early depreciation revision for business investments, to be released piecemeal as ready. Treasury’s Dillon echoed a sound economy and urged calm amid White House market talks.
MENTIONED IN THIS ARTICLE
Washington
Luther H. Hodges
Hodges
The
Treasury
Secretary of the Treasury
Douglas Dillon
Department
White House
Dillon
Eichmann Appeal Rejected by Israeli Supreme Court
The Israeli Supreme Court upheld Adolf Eichmann's death sentence, leaving only a possible clemency path. Justice Agranat read the judgment affirming the 15 counts of crimes against the Jews and humanity, rejecting defenses about sovereignty, retroactive law, and kidnapping for trial. The decision likely means execution behind Ramleh Prison walls, with a clemency decision not expected before mid June.
MENTIONED IN THIS ARTICLE
Jerusalem
Supreme Court
Adolf Eichmann
Gestapo
Simon Agranat
Eichmann
Robert Servatius
Izhak Ben-Zvi
Justice Ministry
Ramleh
Tel Aviv
Memorial Day Edition Canceled for Journal
There will be no Journal published on Wednesday in observance of Memorial Day as the newspaper shuts down for the holiday. No replacement date or additional announcements are provided.
Plea For Delay Denied By Court In Biddeford Case
Justice William S. Silsby refused a defense motion to delay the trials of Biddeford Mayor Clement H. Deschambault and City Clerk Raoul H. Binette to the September term of York county Superior Court. He granted part of the motion to introduce as defense evidence copies of the Biddeford Saco Journal from May 4 to May 28. Deschambault and Binette pleaded not guilty to charges including accepting a $1,000 bribe on May 5, 1960 and misusing $1,292.08 on November 18, 1960. The court set Tuesday, June 26, for trial. The defendants showed no emotion upon entering pleas.
MENTIONED IN THIS ARTICLE
William S. Silsby
Charles W. Smith
Biddeford
Clement H. Deschambault
Raoul H. Binette
York County Superior Court
Justice Silsby
Smith
Biddeford-Saco
Deschambault
Gerard Laverriere
Biddeford Transportation, Inc
Binette
Garland And Tupper Keep Discord Alive
In the first district Republican primary race, Congressman Garland and Congressman Tupper clash over federal spending and the Area Redevelopment Act. Garland condemns the ARA as a stopgap while Tupper defends voting on the act on its merits. Clyde Bartlett argues for SBA expansion to help Maine’s economy.
MENTIONED IN THIS ARTICLE
Sanford
Maine
Clyde Bartlett
York County
Bartlett
Congress
Small Business Administration
Astronaut Carpenter Receives Colorado College Honor
Astronaut Malcolm Scott Carpenter receives a bachelor of science in aeronautical engineering at the University of Colorado after orbiting the earth three times last Thursday. President Newton presents the degree with the university medal as Carpenter is feted in Boulder and Denver amid a parade and crowds estimated around 10,000.
MENTIONED IN THIS ARTICLE
Boulder
Colo
Malcolm Scott Carpenter
University of Colorado
Carpenter
Quigg Newton
Rene
Newton
Abby
Ginna
7Th
Aurora
John P. Holloway
Denver
Langley
Kennedy
Leonard Johnson
Also Mentioned on This Page
Allied Hampshire
Factory Island
Peter A. Garland
Charles Shulman
Garland
Shulman
Marshall's
Biddeford Pool
William McC. Martin
Federal Reserve Board
David Bell
Walter Heller
President's Council of Economic
District Court
Servatius
Israel
Argentina
High Court
Biddeford & Saco
IL Company
Cleaves Street
New England
Canada
Joseph M. Wood
Dept. of Health and Welfare
Wells Road
Kennebunk
Marie
Gerald McConnell
Webber Hospital
Carleton Davis
Robert Spears
Wade Burnham
Thomas Anton
John Harvey
Atty
Tupper
Alfred Street
Western Trail
Alfred Road
Happy Smile
Bagley’s Shop ’N Save
Super Markets
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