Market survives dip as Kennedy aides weigh steps
The Kennedy administration watches stock market aftershocks and rules out emergency stimulus. Officials expect a gradual, modest rise with no immediate crisis, while considering tax cuts, depreciation boosts, and targeted spending to bolster business profits amid fluctuating consumer confidence. The SEC probes continue as lawmakers debate fiscal relief and inflation safeguards.
MENTIONED IN THIS ARTICLE
le Americsis
Sterling
F. Green
Green AP
Washington (Ap
Kennedy
Kentedy
Fife
White House
Congress
Administration
Secretary of Commerce
Luther H. Hodges
Hodges
Kennedy Dillon
President's Council of Economic Advisers
De-Sec
Lambs
Cary
Venezuela arrests Red Leader then releases on immunity
Venezuela's government arrested Gustavo Machado, secretary-general of the Communist Party, after a failed revolt led by marines at Puerto Cabello near Caracas. He was released due to congressional immunity after Congress extended his leave, as unrest raised fears of banning Communist and Revolutionary Left parties.
MENTIONED IN THIS ARTICLE
Treasury
Congress
Charles A. Halleck
Tristiana
Caracas
Venezuela
Romulo Betancourt
Puerto Cabello
Gustavo
Machado
Communist Party
Chamber of Deputies
Moscow
Chamber
Menuel Vicente Ledezma
Betancourt
New Red Order Catch More Fish
Moscow reports a Soviet government order to fishermen to boost fish catches from 3.0 to 5 million tons by 1963. The move follows sharp meat price increases and aims to ease shortages in the population's diet. The instruction came from the Soviet Council of Ministers and the Communist Party Central Committee.
MENTIONED IN THIS ARTICLE
Moscow
Fase
Soviet Council of Ministers
Communist Party Central Committee
Newhouse Buys 2 Southern Papers
Samuel J Newhouse expands holdings by gaining control of Times Picayune and States-Item in New Orleans for over 37 million dollars. The purchase adds a fifth and sixth coast to coast daily papers, joining earlier outlets in St Louis Portland Birmingham and more. Protesters from the American Nazi party gathered outside the Times Picayune building after the announcement.
MENTIONED IN THIS ARTICLE
New Orleans
Samuel J. Newhouse
Newhouse
Times-Picayune Publishing
Celics
New York
Times
The
Portland Oregonian
Portland Oregon Journal
Syracuse
In.y
Post-Standard
Herald-Journal
Herald-American
Staten Island
N.Y
Calo.) Post
Springfield, Mass
Miners Seal Pits in Shamokin After Boy’s Death
Incal coal miners in Shamokin area move to seal abandoned mines after the death of 10 year old Kenneth Schickley who fell 450 feet into an abandoned shaft while chasing a squirrel. Four mines have been dynamited shut and others will be stuffed with old cars and trucks to prevent future accidents.
MENTIONED IN THIS ARTICLE
Shamokin
Independent Miners
Poypense
Association
Charence Kushner
Kenneth Schickley
State Court Weighs Pennsylvania Reapportionment Bid
Commonwealth Court debated delaying statewide districting until the 1963 General Assembly acts, with PA urging wait‑and‑see while Start and Seidman urged blocking November elections from 235 legislators. Stahl contended for immediate action and redistricting, backed by Committee of Seventy and Driscoll Jr. Both sides sparred over risks to the primary results and legal timing.
MENTIONED IN THIS ARTICLE
Harrisburg
Pennsylvania
Commonwealth Court
David Stahl
General Assembly
Philadelphia Committee of Seventy
Citizens
Lee F. Driscoll Jr
Lower Gwynedd
Montgomery County
Stahl
Senate
Faihie
Ido
Ulbricht Opens Talks With Khrushchev in Moscow Summit
East German Communist leader Walter Ulbricht arrived in Moscow for a Soviet bloc summit with Premier Nikita Khrushchev. Hungary’s Janos Kadár also joined the eight nation council for Economic Assistance. The meeting opens Wednesday.
MENTIONED IN THIS ARTICLE
Moscow
East Germany
Comunist
Walter Ullbricht
Khrushchev
Ulbricht
Janes Kadar
Council For Economic Assistance
Space Age Mystery Crumbling Cookies Puzzle Hits NASA
Space scientists confront a culinary puzzle as astronauts aboard a capsule report cookies crumbling under weightless conditions. Pillsbury and Nestle test bite sized snacks in chocolate fig date and cereal forms with edible glaze and bacon flavored bonbons as potential space food backups.
MENTIONED IN THIS ARTICLE
Raymond J. Crowbiry
Associated Press
Wester Washington
APS
Moon
Mars
Malcolm Scolt Cavsjerun
Nestle
Sidly
Pillsbury
Carpenter
Hope Graduates Magna Cum Laughs at Georgetown
Bob Hope in cap and gown at Georgetown University commencement jokes about education and miracles. The Rev Gustave Weigel and 1,066 graduates listen as Hope accepts an honorary doctor of humane letters and jokes about Alan Ladd. Police report a separate homicide case in Thaw's death. detectives question a Wilmerding man who claims memory loss.
MENTIONED IN THIS ARTICLE
Hope
Bob Hope
Anthony
Georgetown University
Washington
Kennedy
American Medical Association
Georgetown
Robert Hope
Gustave Weigel
Alan Ladd
Cleveland
Edward B. Bunn
Howe
State to Get Bids for West Chester College Utility Phase
Harrisburg AP reports the General State Authority will open bidding June 47 for the first phase of a 1.3 million utility project at West Chester State College. The initial phase expects installation of a 1,800 pound per hour water tube steam generator.
MENTIONED IN THIS ARTICLE
Harrisburg
General State Authority
West Chester State College
Long-Distance Love Appeals Fail to Help Thwarted Romance
Riverside AP report details Mahoney a U S Army enlistee who pursued a Korea bound romance with Miss Long 20 in Un Chun Ni North Korea. He sought help from Vice President Johnson Pope and senators to secure emigration and re enlistment efforts. officials denied requests and he faced deployment constraints.
MENTIONED IN THIS ARTICLE
Riverside
Calif
Lyn‘ham
Mahoney
Don
Johnson
Dent
Pentagon
Senate
Cha
UN Chun Ni
38Th Parallel
Ma-lean
Korea
Honey
iIn Chamber
Seaman
Rether
United States
States
Washington
Also Mentioned on This Page
Demnerdt
Labor Management
U.S. Steel
Securities and Exchange Commission
SEC
William L. Cary
Cungova
Federal
Everett Knowles
Somerville
Mass
Massachusetts General Hospital
Joe Cronin
By Spilhaus and Evans
Southern
Nikita
Pittsbury Co
Nestle Co
Jsnace
Telenovel
Hutd
John Iglenn
Glenn
Astronan
Carpenter's Expstile
Nestle’s
MagnaCum
Holclays
Pital
At&T—T
William 8. Pola
Daniel Thaw
Thawy
Leech Warm Veterans’ Administration Hospital
Joseph Mynn
Wilmerding, Pa
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