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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Dec 12, 1960
Page
17
American citizens send dollars abroad to buy foreign stocks bonds and real estate as other nations simplify access. Brokerage firms open abroad branches once aimed at U.S. stocks, now handling foreign listings for American investors. The NYSE lists 23 foreign stocks 12 Canadian and 75 foreign bonds among others.
A La Crosse Tribune summary notes brokers say direct exchange trading is hampered by U S and European disclosure rules. Foreign stock issues struggle to list in the United States due to SEC demands, currency exchange limits, and withdrawal controls. Robert C Hall of Bache & Co cites limited curbs in England West Germany and Italy with France still restrictive. American investment abroad has slowed amid weak European and Japanese markets.
President-elect John F. Kennedy is hopeful about visiting key African nations to aid world peace, said by Edward Kennedy. He spoke before an African fact finding mission with Senators Church Moss McGee, traveling from Lagos to Lome aboard a U S Air Force plane.
President Eisenhower praised the YMCA for its work with America’s Armed Forces in a congratulatory letter on the eve of the organization’s 100th anniversary. F H Griffin reports the YMCA began service in 1861, with volunteers across Civil War to Korea, and now runs 24 armed services branches and 35 USO clubs.
John Koivisto 51 of Saxon Wisconsin died in a farm home blaze of undetermined origin. He lived alone as his wife stayed with friends and his dog perished. The single story frame house burned before 5 am, discovered by his son Donald while collecting milk.
CBS Reports narrated by Yul Brynner presents a graphic view of 5 to 15 year refugee camp life with 15 million displaced by squalor hunger and loss of hope. The program follows a European family from a DP camp to a new life in Canada ending with a hopeful note.
NBC to air a Feb 9 musical variety show starring Jack Benny with Juliet Prowse Andy Williams Harry James and the McGuire Sisters marking his first return to the network in 12 years Richard Boone wraps Have Gun Will Travel season then vacations and Harpo Marx appears in a separate note Washington urged by Rep Kastenmeier for early ratification of the 23rd Amendment to grant D C residents presidential voting rights
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