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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 28, 1962
Page
9
AP reports a dramatic stock market slide with NYSE value dropping from a November peak. Investors fear a 1929 repeat, while analysts warn against panic and note possible rally factors and required policy actions. Major stock losers and shifting volumes are highlighted amid market uncertainty.
The piece notes rising government scrutiny and pressure on business as leaders from steel, Ford, and Standard Oil criticize direct intervention in price setting and wage bargaining. Ford warns the approach is economically unsound and politically dangerous, while Standard Oil faces charges of weakened confidence amid investigations and restrictive measures. Rubber industry context appears.
AP analysis of seven weeks of criticism over Kennedy era steel price clashes shows lingering wounds among business leaders. Guides on prices and wages drew fire from industry heads who fear harm to settlements and long-term interests, as government-business labor relations face strain amid the clash.
Montgomery AP reports the 6th Congressional District likely has the fewest voters of any Alabama district, a factor in Tuesday's elimination race as many voters may align with the sitting congressman amid shifting voting strength.
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