20 Jun 1962
Page 1
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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 20, 1962
Page
1
The piece urges understanding price earning ratios and dividends, citing a 62 year Dow Jones chart. It warns against blind trading, notes the 1929-31 crash showed dividends staying high relative to falling prices, and urges checking earnings per share before investing.
Washington reports America's fifth and farthest weather satellite, Tiros V, launched from Cape Canaveral by a Delta rocket. It captures storm patterns and ice breakup, with orbit designed for maximum Atlantic hurricane season coverage and near-global reach including Russia and Red China.
The House passed 319 to 72 a sugar bill to raise domestic growers’ market share while maintaining above-market payments to foreign suppliers. The measure, sent to the Senate, would extend five years of price supports and marketing quotas, proposing a permanent growth share and a 60 percent market stake for U.S. producers.
Ex union leader Dave Beck, 68, begins a five year term at McNeil Island Federal Penitentiary for tax-related charges after a career shaping the Teassters and Seattle business interests. Also: Will Wright dies. Jamaica independence set. Gen. White space trophy awarded to Gus Grissom. Bertrand Russell discussed for expulsion. Van Cliburn plays Kremlin. Shirley MacLaine tours. Betty Hutton welcomes a daughter. Volkmar Andreae dies in Zurich.
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