Stocks Hammered To New 62 Lows
NEW YORK stock prices tumbled to fresh 1962 lows on Friday amid heavy trading and two selling waves. The Associated Press 60-issue average slid to 202.50, with the Dow at 539.19, and 996 of 1300 issues fell while 160 rose. Major losses hit GE, Eastman Kodak, Republic Steel, and U S Steel as utilities, steels, chemicals, and airlines sank. IBM rose slightly and IBM gained after hours.
MENTIONED IN THIS ARTICLE
New York
Associated Press
A. P
Standard & Poor
Americam Investcent
General Electric
Republic Steel
Eastman Kodak
Aviation unions set strike for today after mediation bid
The Flight Engineers International Association and airlines Eastern and Pan American faced a Friday deadline as mediation chief Francis A. ONeill Jr urged deferral. The board offered mediation under the Railway Labor Act to halt a possible 1 PM EST strike while talks proceed. Eugene C. Thompson said ONeill would travel to New York Monday for talks if both sides maintain the status quo.
MENTIONED IN THIS ARTICLE
Washington—T
Nnion
Ional Mediation Board
Ber
Francis A. O'Neill Jr
Newgineers Union
Eastern Airlines
Pan American World
Eastern
Panways
Trans World Airlines
Eugene C. Thompson
Mediation Board
O'Neill
New York
Berlin Initiative Given to Soviets
The United States will make no further proposals to Russia on Berlin until the Soviets drop demands for Western troops to leave the city. Washington may push for a four power Berlin agreement and exploration talks with Moscow continue. Adenauer and Rusk voiced full agreement on mutual issues, including Berlin, after a five hour meeting in Bonn. A recent Dobrynin meeting was described as empty talk.
MENTIONED IN THIS ARTICLE
Bonn
Germany
United States
Russia
Berlin
Washington
Dean Rusk
Konrad Adenauer
Adenauer
West Germany
Rusk
Anatoli Dobrynin
Soviet Union
Berlin Wall
Britain
France
West Virginia
State Board of Education
H. K. Buer
Baer
Marshall
Edith Green
D-Ore
House
Sunday Preview Life Elsewhere Project Ozma Seeks Alien Contact
A giant Green Bank radio telescope is used in Project Ozma to search for intelligent life beyond Earth. Don Marsh reports the effort and its advocate’s growing belief in possible life elsewhere. Also feature on Everett Knowles a Boston boy who regrew a severed arm at Massachusetts General Hospital.
MENTIONED IN THIS ARTICLE
Green Bank
Pocahontas County
Ozma
Earth
Don Marsh
The
Sunday Gazette Mail
Everett Knowles
Massachusetts
Massachusetts General Hospital
Everett
Eisenhower Attacks Kennedy in GOP Dinner Speech
Former President Dwight D. Eisenhower told a sellout Republican fundraiser that the Kennedy administration is floundering and the economy is weakening. He blamed “glaring failures” on Democrats and urged bipartisanship on foreign policy while calling for protest against Washington’s political maladministration.
MENTIONED IN THIS ARTICLE
Washington
Dwight D. Eisenhower
Kennedy
Eisenhower
GOP
Road Study Sets Path for Charleston Area Interstates
18 month comprehensive traffic and arterial study begins after agreements with federal state and county agencies. Burl Sawyers says a decision by end of 1963 centennial year on locations for three interstates in Kanawha County. Cost totals 490000 with 440000 to Tippetts Abbott McCarthy Stratton and 30000 to Ladislas Segoe and Associates. Federal aid covers three quarters of each contract.
MENTIONED IN THIS ARTICLE
John G. Morgan
Charleston
Burl A. Sawyers
Tippetts-Abbott-McCarthy-Stratton
New York
Commission
Ladislas Segoe and Associates
Cincinnati
County
Bureau of Public Roads
Federal Housing and Home Finance Agency
U. S
Ford and UAW Reach Accord On Walton Hills Plant End
Ford Motor Co and the United Auto Workers reached a settlement Friday night ending a crippling strike at the Walton Hills stamping plant. The agreement, announced by Ford officials, must be ratified by 3,200 workers at Walton Hills. If approved, it will allow callbacks and resume production for thousands of workers over the next week.
MENTIONED IN THIS ARTICLE
Cleveland
Ford Motor Co
United Auto Workers Union
Walton Hills
M. M
Mike Cummins
Our Times
Eisenhower
Ford
Ken Bannon
UAW
Nooenny
Detroit
Algiers
70 POUNDER HELD IN MIAMI BEACH SLAYING
A 70 pound man with a childlike voice, James Alonzo Custer Jr., 27, from Charleston Virginia, is charged with first degree murder for the fatal shooting of Louis Schackne, 60, a former New York policeman and Miami Beach cab driver. Custer admitted the shooting after being found two blocks from the scene with a nine shot revolver. He arrived in Miami Beach two nights earlier and said the motive was robbery for money. He wore childlike clothing at arrest and claimed the gun was a stickup. Custer lived with grandparents in Charleston and said he graduated in 1953. The weapon was bought in a Charleston pawn shop. Grandfather is ill in hospital. other relatives describe him as abnormal mentally. He previously worked as a television repairman in Charleston.
MENTIONED IN THIS ARTICLE
James Alonzo Custer Jr
Charleston
Miami Beach
Custer
Miami Besch
Fla
Petrce
W. RR. Philbir
Louis Schackne
New York
Schackne
Pinehurst Drive
East End
Algeria Holdouts Plan New Drive To Stall Accord
West Algeria based Secret Army chief Gardy broadcasts a pledge of renewed fighting after failed peace talks with Muslim nationalists. Explosions hit Oran city hall and gunfire rang through Oran as two Moslem leaders were wounded in Algiers. The unrest follows a supposed truce deal that would include European settlers in security forces before independence.
MENTIONED IN THIS ARTICLE
Gardy
Raoul Salan
Algiers
Jean-Jacques Susini
Chewki Mosteiai
Salan
Secret Army
Algeria
Hemain
Rewe
Iom Orrance
Oran
Paul Gardy
Bone
Mai
Mai. Day's Sunday Gazette
Si Mohammed
Si Ali
Tunis
Soo the Sunday Gazette
National Liberation Mail
Jetliner Hits Hill 112 Die in Caribbean Crash
Air France Boeing 707 crashed into a hill near Pointe a Pitre during a storm while approaching Raizer Airfield. All 112 aboard died including seven children and four babies. Rescue teams faced dense jungle and took 22 hours to reach the wreckage.
MENTIONED IN THIS ARTICLE
Pointe
Pitre
Guadeloupe
Air France
Raizer
Paris
Santiago
Chile
C&P Files Rate Slash Schedules
The Chesapeake and Potomac Telephone Co filed new intrastate rate schedules with the Public Service Commission, projecting $436,000 annual savings for customers. The changes, ordered by regulators, include a late night rate for West Virginia calls from 11 p.m. to 4:30 a.m. and reduced initial charges, with specific pairwise long distance eliminations between listed towns.
MENTIONED IN THIS ARTICLE
Chesapeake and Potomac Telephone Co
Public Service Commission
Federal Communications Commission
National Association and Railroad and Utilities Commission
C&p
West Virgina
Belle
East Bank
Milton
Union Ridge
Farmington-Shinnston
Farmington
Rivesville
Bethany
West Liberty
Also Mentioned on This Page
Dow Jones
Goodrich Rubber LD
Pizer Drug
U. S. Steel
Ford Motor
Woolworth
Boeing Aircraft
United Air Lines
American Telephone & Telegraph
International Business Machines
Alkout
Air Union
Flight Engineers International Asso
Soviets
Green
West Virginia University
Gazette- Mail
Associated Press Bureau
Charles R. Lewis
Stotesbury
Agazette
Jo Am
Sinaar
Catherine Cole
Glenville
Ferrell Friend
By Andrew Borowiec
Fane Bala
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