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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 17, 1959
Page
2
L.A. Lag discusses how Dow Jones Averages are used to gauge market moves, noting the disparity between dollar shifts and percent changes, the role of the 65-stock average, and the caution investors should use, emphasizing earnings and dividends over daily swings.
Governor Edlgovernor headlines a weekend of social events and appointments in Washington. A 1200-strong reception, luncheon with 12 Democratic senators, and a Senate Irrigation Committee hearing drew crowds as reporters described him as a celebrity amid party leaders and delegates.
Washington reports the House passed a bill allowing self employed taxpayers to set up tax deductible old age pension funds. The measure, approved by voice vote, faces Senate doubt over potential benefits to high income individuals and possible $3.5 billion revenue loss. Treasury estimates about $365 million yearly.
Variable cloudiness through Tuesday and Wednesday with mostly sunny spells. Warmer today with light variable winds afternoon into evening. Areas of high cloudiness in the desert regions and valleys, with slightly cooler conditions in shaded or lower terrain. Winds light and variable, following the daytime breeze.
Soviet leader denounces Nasser amid anti communist campaigns as Khrushchev pledges help to Iraqis in trouble and cites a new $55 million Iran Iraq aid pact for textile plants railways and industrial projects. In Cairo a 300000 strong UAR protest blasts Kassem and Iran links with bloody street scenes.
Romeo Giacin of Belluno, 49, heads a syndicate of 18 partners that shared a record 292,566 won in an Italian football pool. The prize is the largest ever in Tishian pools, surpassing the 382,724 won in 1954.
Hollywood AFP UPD Bob Hope, recovering from a blood clot, said he may take pills for life if he can maintain his golf. He returned to the course for nine holes at Palm Springs after rest and sun, reporting better balance and lighter pace.
The People's Daily reports over 100 000 officers in Chinese services have served as buck privates since last September under a democratization program. This figure exceeds 80 percent of all officers across services, signaling a sweeping shift in ranks.
Tallahassee Florida state Rep Jack C Inman said on Monday he will introduce legislation to permit segregation of pupils by sex in Florida schools Inman claimed opposing Governor Leroy Collins stance on the policy remains unclear and continues to spark debate among educators and lawmakers.
Petitioned daily except Sunday at sixth St and Pine Ave Lang Bach Calif entered as second class under Mar 27 1929 Lang Beach Calif adjudicated by Superior Court of Angeles County Det. 6 141 Recres No C-10280 Per Month Year 2.00 21.00 By Mail 2.00 24.00 Single Copy
A rural two story log cabin fire claimed five lives Monday near Arvonia. David Moseley and his seven month old son escaped. Victims included Moseley's wife a 29 year old woman and her two children ages 2 and 7 months and Mary Anna Eldridge with two children ages 2 and 7 months. All victims were Negro.
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