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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Dec 31, 1963
Page
8
New York markets closed a relatively uneventful session amid bargain hunting as year end trades tempered moves. Analysts noted minimal price shifts with tax selling largely done and portfolio reshuffling to boost year end appearance. Volume reached 4.95 million shares and the Associated Press average dropped 0.7 to 283.9.
Market movers show Dow Jones Industrial Average slipping 4.05 to 759.90 with Kodak ex-dividend driving much of the loss while broader activity varies. The S and P 500 rose about 12 points to 74.56 as 1,841 issues traded, with Industrials down, rails up, and utilities lower in mixed trading.
Trading closed with 284 unchanged issues and 23 up, 20 new highs for 1963. Steels and several major sectors fell, while utilities, metals, and rail groups showed mixed results. AMEX fees dipped on 2.04 million shares. U.S. government bonds rose slightly. corporates were mixed.
Logan bank stockholders held an organizational meeting in Logan and plan to open a modern drive-in facility in mid-summer 1964. Harvey Oakley chairs the board and executive vice president, with Frank Oakley as president. The Logan Bank and Trust Co. has a $400,000 capital structure, all stock sold, and construction is expected to begin within 60 to 99 days on a lot opposite the new Logan County Courthouse.
A former Charleston resident Jeon A Jonos was named regional manager of membership relations for the Los Angeles Chamber of Commerce. He previously taught at Morris Harvey College and served as West Virginia deputy director of the Treasury savings bonds division. His mother Mrs Alesander Janus lives at 1548 Dixie Ave.
January classes offered at the Charleston YMCA include beginning bridge ballroom and Latin dancing basic Russian and art Li Keich will teach the bridge class starting at 7 p m for 11 weeks Jo Corey will teach the dance class four week course begins January 6 ballroom from 7 to 10 p m Latin from 8 40 to 10 p m
An Urartu man was charged with rape and held in county jail after a weekend arrest. He waived to the grand jury following a reported Friday night assault in his apartment. The prosecuting attorney will set bond.
In San Francisco a federal judge committed 29 year old Robert Beaty Fennell to a state mental hospital after a psychiatrist found him psychotic. Fennell, formerly of Sioux City Iowa, carried a note threatening the life of President Johnson and claimed membership in Fair Play for Cuba. He was arrested December 9 in Berkeley on a gallantry charge and previously spent months in a Cherokee Iowa mental hospital in 1954.
A three week leadership course for supervisory personnel will be offered next month by the Kanawha Valley Industrial Management Club’s education committee. It starts at 7 p.m. on a Monday in the Appalachian Power Up building at 201 Virginia Street. The program covers surest ways supervisors can be more effective with employees and is affiliated with the Charleston YMCA. Information is available from George Williams at the YMCA.
Turbulent report details Titan II missiles and launch pads at Little Rock Air Force Base Arkansas completing a phase of replacement work. It notes 54 missiles moved into operational status with 150 foot silos, part of a broader buildup including submarines Polaris missiles and international ballistic stock, framed in a period news tone.
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