Stock Market Dips Sharply at Noon on May 9 1962
New York stocks fell sharply at midday with the Dow Jones average at 660.43, down 3.47. Industrials led losses while some gains appeared in Ford Chrysler and American Motors. IBM fluctuated before ending slightly lower. Xerox rose briefly as trends mixed across major issues.
MENTIONED IN THIS ARTICLE
New York
Associated Press
General Motors
Ford
Chrysler
American Motors
IBM
Bethlehem
U.S. Steel
Republic
Jones & Laughlin
Kellogg
Xerox
Litton Industries
du Pont
Dow Jones
American Stock Exchange
U.S
Cotton Futures Jump on Opening Market
New York cotton futures opened higher by 10 to 35 cents per bale as traders priced in early demand. Cotton prices strengthened across the board, with gains led by the nearby crop as buyers stepped in at the opening bell.
MENTIONED IN THIS ARTICLE
New York
Southern counties bar many Negro voters via literacy tests
Table from page 1-A shows large numbers of Negroes denied registration across 100 Southern counties due to literacy test discrimination. Sen John Sherman Cooper, Republican of Kentucky, criticized the bill as unconstitutional and likely to become a new form of discrimination. He warned thousands of literate Southern Negroes who did not finish the sixth grade would be affected.
Congressnomination wave reshapes Ohio and nearby races
In Ohio and surrounding states incumbent lawmakers won renomination with few contests while new faces in Congress emerge. Kennedy supporters Marcello and Vocelle faced runoff or defeats as DiSalle clinched the Ohio Democratic gubernatorial nomination and Taft Maine led GOP efforts. West Virginia and New Mexico saw incumbents advancing, with district changes ahead in November.
MENTIONED IN THIS ARTICLE
Kennedy
John A. Marcello
D. R. Matthews
L. B. Vocelle
John A. Sutton
Ohio
Lausche
Taft
DiSalle
Mark McElroy
John Marshall Briley
Toledo
GOP
Charles Fry
Springfield
Ohio House
Thomas Lowell Fess
Fess
U.S
James A. Rhodes
William L. White
Mount Vernon
Gordon Scherer
Cincinnati
House Committee On
UnAmerican
Arch A. Moore
West Virginia
New Mexico
State House
Jack M. Campbell
Roswell
Ed V. Mead
Albuquerque
Campbell
Edwin Mechem
Joseph M. Montoya
Thomas G. Morris
Van Johnson and wife reach alimony and support agreement
In Los Angeles AP reports attorneys say Van Johnson and his estranged wife have agreed on alimony and child support for Eve Lynne Johnson and daughter Schuyler 14. The arrangement was made in Superior Court with Judge Aubrey N. Irwin as the suit for separate maintenance proceeds. The couple wed in Juarez Mexico in 1947 shortly after her divorce from actor Keenan Wynn.
MENTIONED IN THIS ARTICLE
Los Angeles
van Johnson
Superior Court
Aubrey N. Irwin
Eve Lynne Johnson
Schuyler
Dow Jones Averages at Noon from Bache & Co
Key market snapshot shows Industrials 663.90 at noon, Rails 138.24, Utilities 124.52 and Stocks 228.85. Trading volume 3,020,000 shares by 12 noon with prior readings 660.43, 137.47 and 124.06.
Quick Kick Peak As Marines And Troops Drill
In CAMP LEJEUNE North Carolina Exercise Quick Kick gathers more than 40 000 service members from Marines Army Air Force and Navy in Southeast North Carolina. A Marine assault hits Onslow Beach as the 82nd Airborne drops near Pollacksville and a Second Division brigade lands at Onslow. Naval units sweep mines and conduct ASW while TACTOM fighters from Seymour Johnson provide close air support.
MENTIONED IN THIS ARTICLE
Camp Lejeune
N.C
I Army
North Carolina
Onslow Beach
82Nd Airborne Division
Pollacksville
Army
Electrical chair delays two Florida executions
In Raiford Florida the execution of Robert Lee Jefferson and Johnnie Hill was postponed to Saturday at 8 30 a m due to a faulty electric chair during a routine check. They would be the first to die in the new death house at the state prison.
MENTIONED IN THIS ARTICLE
Raiford
Fla
Florida
Dewitt Sinclair
Robert Lee Jefferson
Johnnie Hill
State Prison
Sinclair
Brother Constantine Sandner swept over Horseshoe Falls
NIAGARA FALLS NY AP Brother Constantine Sandner 68 of the Brothers of the Holy Infancy was swept over the Horseshoe Falls Tuesday. A coroner verdict was withheld pending recovery. Identification was by photo evidence from nearby effects. He had served in Lackawanna institutions for over 40 years.
MENTIONED IN THIS ARTICLE
Niagara Falls
N.Y
Constantine Sandner
Order of the Brothers of the Holy Infancy of
Roman Catholic Church
Horseshoe Falls
Constantine
Lackawanna
Newspapers Consume Over Seven Million Tons Newsprint Annually
U.S. newspapers use more than 7 million tons of newsprint each year as industry observers note rising demand and shifting sourcing. Analysts say mills respond to paper costs while publishers adjust coverage and print runs to market needs.
MENTIONED IN THIS ARTICLE
United States
India Bhutan Road To Open With 1963 Formal Opening
The first road linking India with Bhutan will be opened formally in early 1963 the Bhutanese foreign ministry said. The project gains urgency due to Red Chinese activity along northern Himalayan borders. Bhutan remains an independent kingdom with foreign policy guided by India.
MENTIONED IN THIS ARTICLE
New Delhi
India
Bhutan
Foreign Ministry
Charcoal Burgers Draw Crowds With Early Dinner Plan
Come early and enjoy delicious charcoal burgers tonight. Each person will have a chance to eat and be served after arriving early.
Stock psychology and low priced favorites in markets
The discussion explains why very cheap stocks briefly rise then fall as mob psychology and promoter interest drive volume. It notes that gains often favor early buyers who cash out, leaving the public with losses, and cites crowd behavior as a factor in market moves.
MENTIONED IN THIS ARTICLE
duPont
Bernard Baruch
Rusk vows West Berlin defense at ANZUS dinner
U S Secretary of State Dean Rusk told Australians that Berlin is the direct Soviet challenge to the free world and that the West will not be forced out of West Berlin. He spoke at a dinner honoring him and New Zealand PM Holyoake after the ANZUS talks and noted U S aid to South Vietnam and allied obligations in SE Asia.
MENTIONED IN THIS ARTICLE
Canberra
Australia
U.S
Dean Rusk
Berlin
Free World
West Berlin
Rusk
New Zealand
Keith Holyoaker
Southeast Asia
SEATO
Anzus
United States
Viet Nam
Embassy Employee To Jail For Misappropriating $2000
Taipei coverage reports Lee Chih yng an employee of the U S Embassy in Taipei was sentenced to 18 months in jail for misappropriating two thousand dollars. He managed insurance on embassy vehicles.
MENTIONED IN THIS ARTICLE
Taipei
Formosa
Lee ‘Chih-yung
U.S
Lee
SEC Asks More Time and Money for Securities Probe
The SEC asked Congress for an extra 200000 dollars and three more months to finish its inquiry into the securities industry. Rep. Mack introduced the bill, noting Congress had allowed 750000 for the probe, with a Jan 3 1963 deadline. Public hearings on mutual funds and brokerage practices began this week.
MENTIONED IN THIS ARTICLE
SEC
Washington
Securities and Exchange Commission
Congress
Peter F. Mack Jr
D-Nl
Commission
Mack
Eugene J. Habas
Hugh W. Long & Co. Inc
Elizabeth
N. J
Cause Of Centaur Explosion Sought
AP reports technicians analyzed radio signals and telescopic film to determine the Centaur rocket explosion on its maiden flight 55 seconds after launch 30,000 feet above the Atlantic. Mercury officials consider Atlas as a possible fault and assess impact on Carpenter's May 17 space flight.
MENTIONED IN THIS ARTICLE
Howard Benedict
Cape Canaveral
Fla
Project Mercury
Malcolm Scott Carpenter
Atlantic Ocean
U.S
Earth
Moon
Mars
Venus
Mercury
Centaur
Atlas
Carpenter
John H. Glenn Jr
National Aeronautics and Space Administration
Canada Dominates US Newsprint Supply at 71 Percent
The report shows Canada supplying 71 percent of all newsprint used in the United States, highlighting the country’s central role in American paper production and distribution. The data points to strong cross border trade and the importance of Canadian mills to U.S. newspapers and publishers.
MENTIONED IN THIS ARTICLE
Canada
United States
Also Mentioned on This Page
Adams Millis
Allied Cheeescreens
Allis-Chal
Can Co . Baeee
Enka Batedeeses
Am Motors Oo A
Dee
Teb
Tel & Tel Se Beweerss
Atch T&sf
Atl Coast Line
Eeee
Atl Refining Ever
Aveo Cp Cet
Eee
Balt & O
Columbia G&e
Etewee
Eveeese
Bendix Corp
Cor! Credit
Boeing Air
Eastman
Goodyer T&r
Greyhound Steewenee
Gulf Oil Corp
Int Nickel Can
Iriend
C /Kayser-Roth
Liggett & Myers
Lockh Air
McLean Trk
Monsanto Seeeweneee
Montg Ward
Motorola
Nat Biscuit
Nat Dairy Pd
Nat Distillers Eelee
NY Central
Ohio Oil
Texaco Inc Eeereeres
Als Textron Inc Tte
Bache & Co
Elvis
Presley
Elvis Presley
Cee
TPP
Ortvose
Jerry Wald
Investors Guide
Mr. Shulsky
West
Rialto Theatre
John Mills
Sylvia Syms
Robert Wagner
Jeffrey Hunter
Cinemascope
By Frank Cormier
Space
Space Agency
NEW Service Laundry
Centennial Ave
Archdale
Maureen O'Hara
Brian Keith
Steve Cochran
Chill Wills
John JO Ireland Morrow
Everett Sloane
Carl Esmond
Joanne Dru
Mark Stevens
Robert Strauss
Thommaaa
Fernando Arlene Patricia Lamas
Dahl Medina
Ben Lane
Frank Jesse
Kelly
Dan Murphy
Duryer - O'Brien
Eas
Optainle
K & W Cafeteria
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