31 May 1962
Page 1
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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 31, 1962
Page
1
LAC argues the Monday stock decline was not as severe as 1929 in percentage terms and warns against panic selling. It notes that price earning ratios and dividend yields vary, urges calm buying, and suggests earnings and profits should guide stock values amid market volatility.
Moscow report notes Tass says Russia and Italy signed a wide agreement Wednesday covering cultural exchange science education and technology cooperation as part of a long term program. The accord outlines collaboration across multiple sectors and ages.
Premier Nikita Khrushchev denounced Kennedy's Peace Corps and the Alliance for Progress as tools of imperialists while at a Mali friendship rally. He criticized Western Europe’s Common Market as a state monopoly that enslaves developing nations and threatens universal peace, linking it to NATO and the arms race. He cited NATO ties of its member nations Germany France Italy Belgium Netherlands Luxembourg.
Philippine President Diosdado Macapagal on Memorial Day urged a steadfast US alliance despite tensions from the US House rejection of a wartime claim bill. He denounced neutralism and urged firmness against atheistic expansion, honoring sacrifices of Americans and Filipinos in war and reaffirming long standing friendship.
Siamese twins Patricia and Frolence Lowe, separated by surgery, remain healthy at Children's Hospital in San Francisco. Doctors say their chances for normal lives are excellent. Nurses monitor them as they recover from the five hour operation and high humidity atmosphere aids breathing.
Air Force Maj Robert White will attempt an X15 test flight from Edwards AFB today using an alternate pilot backup system after repeated weather and technical delays. NASA says it will proceed with the test, the first X15 launch from over Delamar Nevada, a dry lake 60 miles north of Las Vegas.
Libi, who arrived Tuesday on the New York aboard the liner Constitution, said his Italy visit was interrupted by three pickpockets who robbed him three times for a total of more than $2,200 in cash and travelers checks.
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