Institutional Investment Doubts Market Beating Gains
New York AP report from Wharton Center notes that institutions including pension funds mutual funds insurers and foundations do not consistently beat the market. On days dominated by institutions about 70 percent of NYSE trading, gains often come at others expense. The piece urges small investors to scrutinize portfolio managers and questions whether institutions’ advantages are neutralized by market dominance. It cites January as a weak predictor for the rest of the year and mentions election-year market patterns.
MENTIONED IN THIS ARTICLE
New York
University of Pennsylvania
New York Stock .Exchange
Rodney L. White
Allende Defying Chile Lawmakers
In Santiago President Salvador Allende vows to veto a congressional amendment aimed at blocking his socialist program. He says two thirds in congress are needed to override, and no plebiscite will be called. Opposition parties challenge legality and call for a public vote.
MENTIONED IN THIS ARTICLE
Santiago
Salvador Allende
Congress Wm
Chile
Congress
Allende
Imemberg
Jackson Backers Schedule Meeting in Marion Basement
A strategy meeting of delegates and citizens for Sen Henry Jackson, Democrat presidential hopeful, is set for Thursday at 8 p.m. in Farmers State Bank basement meeting room Marion. Norman Fish, state coordinator of Citizens for Jackson, will speak. Delegates to Linn county convention pledged to Jackson and uncommitted delegates or Humphrey supporters are invited. Lowell Phelps, Linn county coordinator and chairman of Citizens for Jackson, leads planning.
MENTIONED IN THIS ARTICLE
Citizens
Sen
Henry
Scoop) Jackson
Farmers State Bank
Marion
Norman Fish
Citizens For Jackson
Linn County
Jackson
Humphrey
Lowell ‘Phelpss Linn
Dean of College of Cardinals Dies at 87 in Vatican
VATICAN CITY AP Eugene Cardinal Tisserant died Monday at age 87. As dean of the college of cardinals he directed conclaves for the elections of Pope John XXII and Pope Paul VI, and was a traveling companion of the pope.
MENTIONED IN THIS ARTICLE
Vatican City
Eugene Cardinal Tisserant
College of Cardinals
Paul VI
Cardinal Tisserant
John XXII
Pope Paul
Lyndon Declared Crow Capital of the World
Lyndon village board proclaims Lyndon the Crow Capital of the World. The resolution cites residents’ high hopes for the village’s future as a reason to crow about. A three-man committee will plan a crow festival this summer and a crow will appear on village letterhead.
MENTIONED IN THIS ARTICLE
Lyndon, II
Lyndon
Richard Carvanaugh
IGM Begins Six Million Auto Recall
Chevrolet division of General Motors launches a six million car recall for potentially defective engine mounts. About 1.3 million 1968 Chevelles Coquettes and Novas with V8 engines receive letters to visit dealers for free engine restraints. The recall expands to 1967 to 1965 models and later includes 670,000 light trucks.
MENTIONED IN THIS ARTICLE
Dethoit
Chevrolet Division
General Motors Corp
Chevrolet
Chevy
National Highway Traffic Safety Administration
Honor White Couple Receives Church Brotherhood Award
East Alton Illinois AP Mrs Melvin Sparlin a white couple who adopted a black baby two years ago received a special brotherhood award from Campbell Chapel AME Church at the churchs annual banquet. Mrs Sparlin said she and her husband were overwhelmed by the response from both blacks and whites and noted neighbors had avoided them while others nationwide urged them to keep their faith. The Sparlins who have three other children two adopted and all white spoke of community reactions and faith.
MENTIONED IN THIS ARTICLE
East Alton
Melvin Sparlin
African Methodist Episcopal Church
Campbell Chapel
A.M.E
Denise
Sparlins
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