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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Feb 01, 1960
Page
2
LA. C says January's slide erased early month gains and left many new investors cautious after the Dow Jones fell about 56 points from its peak. The column notes selective declines, delayed margin distress, and argues for conservative buying as profits remain strong.
A Vietnamese claim says Communists attacked a Erie passenger train northwest of Saigon, leaving seven dead or more and many injured. An Akron auto collision killed a man and boy, Eugene King age 4, amid reports of multiple casualties and a rush to Children’s Hospital.
In Algiers hard-core French insurgents block barricades as they seek support from the European population while a week-old general strike paralyzes the city. A nationalist bomb killed five Sunday as tensions rise with thousands of French troops patrolling against rightist insurgents.
Weather forecast across inland deserts and valleys shows cloudy nights and partial sun today and Tuesday with little temperature change. In Algiers, the army’s crackdown tightens while rebels wavering as Brig. Gen. Gracieux is replaced by Brig. Gen. Toulouse. six killed in a separate 12-car collision near...
Governor Edmund G Brown presents the 1960 61 state budget to the Legislature aiming for a 2.5 billion dollar total starting July 1. He requests a 1 million dollar emergency fund for Squaw Valley Winter Olympics ticket sales and a master plan for higher education plus anti smog legislation as part of a 30 day budget session. Session will organize then hear the budget message with the Senate and Assembly meeting noon.
Japanese owned Arabian Oil Co. announced that its No 1 test well 28 miles off shore in the Saudi Arabia Kuwait neutral zone struck oil Friday. The floating platform well can produce about 264 170 gallons of oil per day.
Public notice advertises rooms with private bath and daily maid service at Boulevard All todme. Includes meals and club breakfast options with two meals per day. Special weekly rate quoted. Reservations requested.
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