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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Apr 30, 1963
Page
5
The piece outlines forces likely to raise interest rates in 1963 64 driven by rising demand for funds for business expansion housing and consumer credit. It notes deficits and Treasury borrowing will absorb money, while the Fed will inject funds to avoid a sharp downturn, keeping rates under pressure. It warns rates are unlikely to fall soon.
A fragmented list of New York closing stock figures includes Ampex, Ford, Chevron, Dow Chemical, Exxon, General Electric, RCA, Sears, Texaco, Shell, and many others with varied percentages shown. The page names multiple corporations, chemicals, motor makers, airlines, and utilities reflecting a broad market snapshot.
A fragmented market note shows Nevada gas companies like Northern Gas and Nevada Power trading under pressure while investors weigh smaller price shifts and uncertain futures for regional utilities.
Canberra reports Prime Minister Menzies will travel to London in June for talks with Prime Minister Macmillan. He is expected to meet President Kennedy and premiers Pearson and Holyoake on his return, marking top level discussions on imperial ties.
New York UPI reports the Dow Jones closing range at roughly 148 with a note that the futures index hovered near that level. Trading details are sparse but indicate a modest wrap amid a tepid session.
Nuclear Engineering Co reports 1962 income up 35 percent. About 70 000 cubic feet of radioactive waste buried near Beatty, sourced mainly from reactor sites rather than the Nevada Test Site. The firm runs the first commercial land burial facility in Nevada and is constructing a similar site near Flemingsburg Kentucky to serve the east.
New York stocks slipped for a second straight session amid light to moderate activity. Amerada, Cities Service and Phillips led losses while utilities posted fractional gains. The rail group also eased, with most declines minor in scale.
Admiral John Sides of the SS Pacific Fleet stated yesterday that the United States is prepared to move Polaris submarines into the Indian Ocean if required. He arrived for the annual Coral Sea celebration events and related ceremonies.
Memorial hour to honor Kenneth Magowan a noted theatrical figure who helped found the university theater arts department and who produced films like Lifeboat Alexander Graham Bell and Lords of London no funeral services will be held his body to UCLA Medical School and Magowan Hall is named for him
General Lauris Norstad former Supreme Allied Commander Europe says free enterprise businessmen from 60 countries attending the International Chamber of Commerce Congress can curb communism by promoting peaceful prosperous growth. He notes 2000 business giants at the congress are advancing economic expansion and international trade to foster understanding and unity across the free world. Norstad, president of Owens Corning Fiber Glass International, urges unity in Europe and the Americas to conserve peace and avoid communist dangers.
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