Market downturn ends 14 week run. 60 stocks fall
The market slides after 14 weeks with 60 stocks dropping as the week peaks. Investors react to financial news and regional factors amid a broad decline.
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Newspaper
Delaware County Daily Times
Location
Chester, Pennsylvania, United States of America
Date
Jun 08, 1963
Page
20
The market slides after 14 weeks with 60 stocks dropping as the week peaks. Investors react to financial news and regional factors amid a broad decline.
The boards of Fidelity Philadelphia Trust Co and Liberty Real Estate Bank & Trust Co approve in principle a merger. Exchange ratio is 7/10 share of the merged bank for each Liberty share. The new entity would hold about $730 million in resources and operate 45 offices across Delaware and Pennsylvania. The Fidelity quarterly dividend rises to 65 cents per share. July 15 dividend payment to shareholders record June 28.
Fred M. Peddicord of Brookhaven was sentenced to 6 to 23 months in Broadmeadows Prison after convictions on three counts of conspiracy tied to a series of holdups. Howard C. Friel Jr. of Ardmore pleaded guilty to several counts and received the same sentence. Friel aided Peddicord and was involved in the Park Pharmacy holdup and related crimes.
Gourmet News reports a Baltimore audience including Judge Albert H. Blum sampled bizarre foods in a New York hosted banquet. Appetizers featured baby bees and various unusual meats while the main course was roast beet.
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