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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 29, 1968
Page
14
Recaps Prentice Hall guidelines for employers and draft-eligible workers facing a shift to 1-A deferments under a suspended critical occupations list. It advises reviewing classifications, monitoring 11-A statuses, and timely appeals, renewals, and interlinks with the state employment agency to protect essential staff.
Viewer asks about computer stocks at 110 and advises against touting picks. Column warns against individual stock recommendations and urges a cautious path for a young investor. Emphasizes building a solid foundation with utility stock before considering growth plays and notes growth stocks carry higher risk.
The plan would merge MCA, a major producer of TV series and owner of Universal City and Decca Records, with Westinghouse Electric. Announcement by Jules C. Stein and Donald C. Burnham notes stock exchange terms and five year non call for the preference stock.
Banks and stores report a worsening shortage of Canadian silver coins as the Royal Canadian Mint plans to switch to pure nickel Aug. 1. Smuggling into the United States and illegal melting within Canada push demand higher, with seizures valued at over 325000 and dealers offering up to 1300 for a 1000 bag of coins.
An agreement in principle to merge Memorex Corp and Technicolor Inc photo products was announced. Memorex would acquire Technicolor’s photo business with annual sales projected over $150 million, basics include exchange of Memorex stock and preferred stock for Technicolor shares.
Three Italian climbers die after a fall on Piccolo Cir peak in the Dolomites in the Alps. A fourth climber was injured. One victim is identified as a Roman Catholic priest. The accident occurred Saturday on the 9 100 foot peak.
The piece argues the pound franc and dollar weakness fuels a volatile market. It notes rising NYSE volume from 1.09 billion in 1966 to 1.567 billion in mid July 1968, fears speculation, and urges investors to reexamine portfolios amid low-yield bonds and high stock risk.
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