Stock Market Opens Lower as Losses Deepen
The stock market opened lower with a quicker pace than Monday. By noon the Dow Jones industrial average fell 3.26 to 589.98 as most major groups slid and several stocks went ex dividend. Major issues such as U S Steel Bethlehem and Jones Laughlin declined while General Motors dropped over a half point despite a quarterly dividend. Merck Pfizer and Schering-Plough fell amid publicity concerns.
MENTIONED IN THIS ARTICLE
New York
Associated Press
U.S. Steel
Bethlehem and
Jones & Laughlin
General Motors
Merck
Pfizer
Schering
Dow Jones
Stauffer Chemical
Marilyn Monroe Funeral Details and Will Inventory
Police, with Aaron Frosch's secretary, inventoried 40 items from Monroe's apartment including fur coats and jewelry. Funeral planned as quiet rites at Westwood Village with 15 invited, no stars. Toxicology shows lethal barbiturate level. investigations proceed to determine if death was intentional.
MENTIONED IN THIS ARTICLE
Aaron Frosch
Frosch
Miss Monroe
Marilyn
Grace Goddard
Grace McKee
Westwood Village
Joe Dimaggio
Lee
Paula Strasberg
New York
New York; Miss Monroe’s Half-Sister, Mrs. Burnice Miracle
Star
Patricia Newcomb
Curphey
Los Angeles
American Films Entered for Venice Festival Competition
Venice announces official American entries for the 23rd festival Aug 25 to Sept 8. Lolita and Bird Man of Alcatraz lead a slate that includes The Trial by Orson Welles and Eva by Joseph Losey, with varied international co productions and affiliations.
MENTIONED IN THIS ARTICLE
Venice
Italy
Alcatraz
Venice Film Festival Committee
Franz Kafka
Orson Welles
Joseph Losey
France
Dr Francis Kelsey Receives High Civilian Honor
Dr Francis C Kelsey of the Food and Drug Administration receives the nation's highest civilian award at the White House for insisting thalidomide safety for general use had not been proven. Celemezze noted potential drug industry cooperation for tighter restrictions while urging congressional action.
MENTIONED IN THIS ARTICLE
Francis C. Kelsey
Food and Drug Administration
White House
Kelsey
Kennedy
Celebrezze
Congress
Celemezze
Fusion Of Three Nations Proposed
President Ayub Khan urged uniting Pakistan Afghanistan and Iran into a greater political entity to defend against aggression. He argued the three nations share stock and close cultural ties as they sit between India and the Soviet Union.
MENTIONED IN THIS ARTICLE
Quetta
Pakistan
Ayub Khan
Iran
India
Soviet Union
Afghanistan
Colombia inaugurates president amid uneasy peace and violence
Dr Guillermo Leon Valencia, 54, Conservative, takes office as Colombia’s president in a coalition government after a 1958 power-sharing system ending dictatorship. He defeated Liberal rival in a 2.6 million vote ballot. On eve of inauguration an outlaw band killed 13 near Libano to stir old sectarian tensions.
MENTIONED IN THIS ARTICLE
James C. Dewey
Bogota
Colombia
Guillermo Leon Valencia
Valencia
Alberto Lleras Camargo
Gustavo Rojas Pinilla
Rojas Pinilla
Congress
Sangre Negra
Black Blood
Libano
Plane Blown Off Runway In Knoxville Thunderstorm
Seventy aboard an American Airlines four engine Electra escaped serious injury when gusty winds during a thunderstorm blew the plane off the runway. The right wing ripped away as the fuselage skidded and caught fire. two passengers were lightly hurt. Stewardess Nancy Root aided the exit before authorities extinguished the blaze.
MENTIONED IN THIS ARTICLE
Knoxville
Dallas
Tex
New York
Cliff Davis
D-Tenn
Dale Alford
D-Ark
Nancy Root
Texas
Miss Root
Alford
Vic James
Ft. Worth
Investment guidance on stock timing and long term strategy
The reader asks about suggested buy prices for A T T General Telephone W T Grant Lone Star Gas Pacific Tel Tel Westinghouse and comments on in and out trading. The advisor argues that price targets ignore earnings trends economy and industry. warns against buying at peak prices and notes past lows and potential losses. The exchange also covers selling AT T to place money in a bank and associated costs.
MENTIONED IN THIS ARTICLE
General Telephone
W. T. Grant
Lone Star Gas
Pacific Tel. & Tel
Westinghouse
W. T. Grant and
Mr. Shulsky
Sam Shulsky
High Point Enterprise
Dow Jones Averages At Midday Trading Snapshot
The table shows Dow Jones Averages and sector summaries with Prev 11 a.m. 12 noon and Close values. Rails Utilities Stocks and Industrials are listed with volume figures indicating market activity around the midday session.
MENTIONED IN THIS ARTICLE
Bache & Co
Over Counter Stock Quotes From August 1962 Listing
Unofficial stock bid and asked ranges compiled August 7 1962 from Securities Dealers Inc and other sources show varied quotes for Botany Industries Colonial Stores Drexel Enterprises Union National Bank and others. Several entries reflect open trade activity while some firms list no actual trades.
MENTIONED IN THIS ARTICLE
Securities Dealers, Inc
Intermountain Tel
Jackson’s Minit Mkts
Jos Sd Go Eee
Jefferson Standard
Allied Security Ins
NEW American Cryogenics
American Fidelity Life
Tures
BBS Studios
Lance, Inc
Life & Casualty
Li'l General Stores
Moore-Handley, Inc
Pacific Veg. Oil
Textile Corp
Amer
Piedmont Aviation
Piedmont Nat. Gas
al/Allvac Metals
Kavanaugh-Smith
N. C. National Bank
Public Ser. of
N.C
Thomasville Industr
TM Wachovia Bank
North State Tel
North State
Aroostook County Noted for Potatoes and Vast Manganese Deposit
In Maine Aroostook County is famed for its potato output and contains the continent's largest known manganese ore deposit.
MENTIONED IN THIS ARTICLE
Maine
Aroostook County
Executives Face Tough Antitrust Times Says Whitin
Richard A. Whiting warns that federal antitrust enforcement targets corporate executives with indictments. He notes jail terms rising for violators and cites 1962 as a peak period for executive indictments. The ABA convention in San Francisco features Kennedy and Satterfield debating federal versus local enforcement and states rights.
MENTIONED IN THIS ARTICLE
San Francisco
Richard A. Whiting
Whiting
American Bar Association
Washington, D.C
ABA
U.S
Robert F. Kennedy
John C. Satterfield
Satterfield
Kennedy
Yazoo, Miss
United States Supreme Court
Supreme Court
William J. Brennan
Tom C. Clark
Byron R. White
Presidents Die On Independence Day Three Times
Three U.S. presidents died on July 4 reflecting a rare historical coincidence. John Adams and Thomas Jefferson died in 1826 while James Monroe passed away in 1831 on Independence Day.
MENTIONED IN THIS ARTICLE
United States
John Adams
Thomas Jefferson
Monroe
Also Mentioned on This Page
By Richard H. Hoenig
AP Business News
PPAGE
Stauffer
New York Stock Exchange
Treasury
Adams Millis Tee
Eeaer Eeee
Celanese Corp
Champion P&f . See
Ches & Ohio
Curtiss
Duke
East Air
Eastman Kod
Firestone
Ford Motor
Gen Foods
Tel & Tel
Goodrich
Goodyear T&r
Greyhound Ween
Gulf Oil Corp
Int Nickel Can
Int Paper Sane
Int
Kayser-Roth
Seereeee Eee
Eed
McLean Trk Tee
Pennsy RR
Seereene Radio Corp
Rep Stl
Sr Heeeweee
Reynolds Tobstewees
Sears Roebuck
Sou Railway Serene
Sehen Ewes
Sperry Corp Eeeenenee
Calif Neeeeee
Beeneene
Std
Stevens J Petter
Wallace Janssen
Zenith Rad
FDA
Rachel Dix
Westbury
Long Island
N.Y
Civil Aeronautics Board
Investors Guide
Westinghouse Electric
Tizzy
By O’sann
U.S. Pat. OF
Bar
By Leif Erickson
Erie
TDD Litter Ovtve Se
Warner Bros
Slade gxhoLo
Troy Donahue
Connie Stevens
Dorothy McGuire
Anglewood Barn Theatre
Clemmons, N. C
Call Music & Art Center
Thomasvale AO
Walt Disney
North Carolina
Carolyn Byrd
FT. Bragg
Fayetteville and
Aberdeen
N. C
THE
82Nd Airborne
Maisch Company
Wj Presley
Galahad
Disney
Th Wissons
Mougic Music
Robert Preston
Shirley Jones
Buddy Hackett
Hermione Gingold
Ronny Opey Howard
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