Stocks Slip After Rally Fades In Thin Volume
New York markets closed modestly lower after a volatile week as traders who bought at the lows took quick profits. The Dow fell 5.07 at noon and 2.31 at the close to 611.05, while the S P 500 dipped to 59.38. Notable losses included IBM, Xerox, U S Steel, Polaroid, and American Telephone. gainers included Du Pont, International Nickel, GE, Texaco, and Goodrich. Institutions slowed buying, and analysts cautioned that volumes would stay light as investors await clearer signals. Senator Humphrey urged tax cuts to bolster the economy and market.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Standard & Poor
International Business Machines
Xerox
U.S. Steel
Polaroid
American Telephone
du Pont
International Nickel
General Electric
Texaco
Goodrich
Eldon Grimm
Walston & Co
Grimm
Fire hits Washington High in Vinton three blazes cause damage
State fire marshal to investigate after three separate fires injure Washington High School in Vinton on Thursday night. Most damage in guidance counselor's office with records ruined. blasts in boys rest room waste basket and band room. Estimated losses exceed six thousand dollars.
MENTIONED IN THIS ARTICLE
Gazette
Vinton
Washington High School
M. A. MacAllister
MacAllister
Innocent Plea by Smith to Slayings
SIGOURNEY IOWA UPS Five members of the Andrew McBeth farm family near Martinsburg killed five relatives. Smith a 24 year old farmhand captured after a three day manhunt pleaded innocent to five murder charges and waived to the grand jury. The grand jury likely meets late August or early September with district court in October. Purses and billfolds of the slain victims remain missing as authorities continue the search.
MENTIONED IN THIS ARTICLE
Sigourney
UPS
Gayne Gilbert Smith
Iowa
Justice of the Peace
Tom Johnston
Smith
Johnston
Andrew McBeth
Martinsburg
Keokuk County
John Wallerich
India protests planned border talks with China and Pakistan
New Delhi protested to both China and Pakistan over their plans to negotiate border demarcation and warned of grave consequences. Deputy Foreign Minister Dinesh Singh announced the note. India stressed it will not accept any arrangement affecting Kashmir and called Kashmir an inalienable part of the Indian Union.
MENTIONED IN THIS ARTICLE
New Delhi
India
China
Pakistan
Kashmir
Dinesh Singh
Indian Union
U.N. Prepares Week Long Training Exercise Counter Thrust
SEOUL reports the U.N. command will conduct a week long training exercise designated Counter thrust. The event aims to sharpen allied responses and interoperability amid ongoing regional tension.
MENTIONED IN THIS ARTICLE
Seoul
UPS
U.N. Command
Cedar Rapids woman dies from car-truck crash injuries
Dolly Grace Smith 27 years old of Cedar Rapids died at St. Luke's hospital at 5 10 p m Thursday from injuries sustained in a Wednesday car truck crash near Manchester Four other Smiths remained hospitalized Kathryn 10 Debbie 8 and 18 months old were listed in good or fair condition at St Luke's Mrs Smith survived by mother and stepfather and several siblings She was a Kenwood Methodist member YWCA board Adams PTA president and Camp Fire leader Services held at Kenwood Methodist Church at 1 30 Monday Burial Cedar Memorial Turner's in charge
MENTIONED IN THIS ARTICLE
Chester A. Smith
Madison Street
St. Luke’s Hospital
Manchester
Smith
Mr. Smith
University Hospitals
Iowa City
Kathryn
St. Luke’s
Debbie
Jeffrey
Dolly Grace Smith
Cedar Rapids
Navy
St. Joseph
Dow McQueen
Guy L. McBride
Peoria
Dorothy Moore
Marion
Ruby Hall
Chester
N. J
Robert McBride
Ray McBride
Seattle
Wash
Nudist Colony on Public Land Draws Auditors Fire
The GAO accused the Agriculture Department of permitting a brothel in the Tonto National Forest Arizona from 1953 to 1957 and notes a Boise Idaho nudist colony on forest land. It urged examination of mining claims on federal lands and cited budget limits and weak forest service action. The case led to a 1957 court order restraining the prostitution operation. the nudist site status remained unclear.
MENTIONED IN THIS ARTICLE
Washington
UPI
Agriculture Department
General Accounting Office
House of Ill Repute
Tonto National Forest
Ariz
Boise National Forest
Idaho
GAO
Congress
National Forest Service
Edward Crafts
Forest Service
FBI
Rampage Ends In VA Hospital Shootout Capture
At the VA hospital in Pittsburgh a berserk patient named William Polla killed Dr. Daniel Thaw and wounded Patrolman Horace McDaniels during a two hour gun battle. Police used tear gas to overpower Polla, who was found unconscious in an office after the siege.
MENTIONED IN THIS ARTICLE
Pittsburgh
Veterans’ Administration
William Polla
Wilmerding
Polla
Daniel Thaw
Leech Farm
Washington Boulevard
Polo
Thaw
James Slusser
Horace McDaniels
McDaniels
Estes Threatened Pleas to Kennedy and Freeman
A fall 1961 agriculture department report quotes Billie Sol Estes saying he would approach Secretary Freeman or President Kennedy if rules on cotton allotments were changed midgame. He relied on attorney John Dennison and associates to keep transfers legal, claiming ASCS officials advised them. The report, dated Oct. 27, 1961, was shown to the AP and later shared with justice and congressional committees.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Billie Sol Estes
Department
ASCS
Associated Press
Justice Department
Congressional
Estes
Freeman
Kennedy
Administration
Stockpile Inquiry Deepens Conflicts Of Interest Probe
Washington AP The Office of Emergency Planning fired a consultant and urged a Justice Department review of alleged conflict of interest as the Senate investigation into stockpiling cites two clear conflicts and potential losses over a billion dollars. The panel questions Climax Molybdenum profits and notes John Morgan earned 10000 from Climax in 1957 while advising the ODM successor agency. Morgan, now a Daytona Beach teacher, has delayed testimony until after June 15.
MENTIONED IN THIS ARTICLE
Washington
Office of Emergency Planning
Justice Department
Senate
Symington
D-Mo
Subcommittee
George ‘Humphrey
Treasury
Eisenhower
John Morgan
Office of Defense Mobilization
Climax Molybdenum ‘Co
Morgan
Climax
R. C. Coburn
Daytona Beach
Fla
Edward McDermott
OEP
Six U S scientists travel to Russia to study methods
A group of six American scientists depart for the Soviet Union to study Soviet approaches to treating mental retardation. The visit aims to observe techniques and share insights with Russian researchers, reflecting early Cold War scientific exchange.
MENTIONED IN THIS ARTICLE
Washington
UPI
U. S
Russia
Eichmann Goes to Gallows in Israel Defiant Ending
Adolf Eichmann walked to a makeshift gallows at Ramleh prison near Tel Aviv and was executed after Israel’s high court denied appeals. The 56 year old Nazi organizer, who aided the Holocaust, showed no remorse and proclaimed faith as he died two years after capture in Argentina.
MENTIONED IN THIS ARTICLE
Eichmann
Tel Aviv
Adolf Eichmann
Nazi Germany
Israel
Gestapo
Ramleh
Hitler
Israeli Supreme Court
Izhak Ben- Zvi
Austria
Argentina
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New York Stock Exchange
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Vinton Fire
Today's Index
Crossword Daily Record
Oi Eell
Reena
C.R
JFK
By Richard Powers
Rayburn
Sam Rayburn
O. B
Humphrey Firms
McDermott
Garven Hudgins
Mediterranean
Germany
Chuckie
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