Wall Street Chatter on Post Assassination Market Outlook
UPI notes from J W Sparks Co Standard & Poors Moody s and Dow Theory Trader offer cautious views after President Kennedy's assassination. Forecasters expect initial adjustment and uncertain policy but long term prospects remain positive with oil stocks favored and a late 1963 to early 1964 upturn anticipated.
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UPI
J. W. Sparks & Co
Standard & Poor's
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Dow
United States Leads World in Oil Output
The United States, covering six percent of the earth’s surface, remains the largest oil producer and supplies about 45 percent of annual world output, according to the American Petroleum Institute.
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American Petroleum Institute
Johnson to Meet King and Governors on Civil Rights
President Johnson plans meetings with Rev. Martin Luther King and the National Governors Conference as civil rights legislation stalls in the House Rules Committee. Labor leader Meany backs the civil rights bill as a justice issue tied to unemployment, while civil rights leader Whitney Young Jr. urges a bold public works program to reduce Negro unemployment.
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Kennedy
Martin Luther King
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D-Va
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Southern Christian Leadershp Conference
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National Urban League
Johnson urges budget cuts. Civil rights leaders plan meeting
The White House says the Governors Conference Exec Committee asked for Johnson talks. A Miami session is set with leaders including John A. Anderson Jr and Albert Rosellini amid a civil rights dispute. Johnson asks Defense to study savings in manpower and procurement. Salinger and aides pledge to stay on duty, with Pierre Salinger confirming his own stay.
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Albert D. Rosellini
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Pierre Salinger
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Theodore Sorensen
Salinger
Federal panel in Texas weighs witnesses held
A Texas based federal panel considers the case as witnesses prepared to be questioned. Officials indicated testimony would shape the ruling and possible actions by the commission.
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Federal Commission
Texas inquiry to use FBI evidence in federal commission review
Carr said the Texas court of inquiry will pursue a three pronged approach to the crime and may question witnesses in Dallas or Austin. The FBI will provide information to the inquiry, which will forward findings to Earl Warren’s federal commission. Ruby’s involvement and timing remain unsettled as the inquiry sets its schedule.
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