Market optimism cited by Thomson & McKinnon shifts tone
Thomson & McKinnon say buoyant news, higher earnings, tax-cut progress, and bigger dividend boosts may mark a market turning point as traders grow more optimistic. Bache & Co. warns gains may stall. others foresee an upward trend but advise portfolio cleanup for overpriced issues.
MENTIONED IN THIS ARTICLE
Wall Street Chatter
New York
UPI
Thomson & McKinnon
Robert Allen
Shearson, Hammill & Co
Nevada Stocks Fight Cancer With a Check Up and a Check
Nevada health groups launch a campaign linking cancer prevention to regular medical checkups. Hospitals and clinics partner with donors to fund screenings and early detection programs across the state.
SEC Panel Urges Reforms After Market Break
A special SEC committee criticizes mutual fund practices and two private agencies overseeing markets. It urges plans for crisis response, tighter front end load limits, fuller prospectus rules, and curbs on inside profit by fund executives. It notes uneven NYSE leadership and NASD self regulation weaknesses.
MENTIONED IN THIS ARTICLE
Cial
Securities & Exchange Commission
SEC
William L. Cary
French A-terts Hint At Nuclear Test In Sahara
Reports say French truck convoys with detonator cable head into the Sahara raising speculation of a new nuclear test. Spokesmen were unavailable for comment. France has used Hoggar Mountains bases to test device triggers with aims for an H-bomb test in the South Pacific by 1968.
MENTIONED IN THIS ARTICLE
Paris
UPI
Sahara Desert
Hoggar Mountains
Sahara
South Pacific
Employment Up Board Reports
Sacramento reports a small decline in unemployment due to gishness in manufacturing notably aerospace and electronics in Southern California. Civilian employment rose to 6,506,000 the highest July total, while 417,000 people were unemployed last month. June was down 25,000 from May, with food processing creating most new jobs and aircraft and missiles offsetting electronics losses.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
California
Department of Employment
Department of Industrial Relations
FMC Reports Record Q2 Income Rise
FMC Corporation of San Jose announced second quarter income of 10.5 million dollars, up 10 percent from the prior year and a company quarter record for the period ending June 30. First half earnings total 1.06 dollars per share on 15.3 million dollars.
MENTIONED IN THIS ARTICLE
San Jose, Calif
UPI
FMC Corporation
Three Men Convicted of Conspiracy in Stock Fraud
A UPI report states three men and Gulf Coast Leaseholds Inc were convicted in New York of conspiring in a $6 million stock fraud involving 750000 shares of unregistered Gulf Coast stock. Defendants Roy B. Kelly Cecil V. Hagen Milton J. Shuck face up to 20 years and fines. sentencing set for October. six guilty parties also to be sentenced.
MENTIONED IN THIS ARTICLE
New York
UPI
Texas
Gulf Coast Leaseholds, Inc
Roy B. Kelly
Washington, D. C
Cecil V. Hagen
Houston
Milton J. Shuck
Oil Corporation
Gulf Coast
John M. Cashin
Kelly
Hagen
Shuck
Casnin
Defense Dept Opens Door to Higher Profits for Contractors
The Defense Department outlined new procedures to boost profits for defense contractors through improved performance. McNamara urged profits to reward efficient contract performance, detailing factors for officers to weigh beyond a fixed percentage. Gilpatric implemented a department wide system to evaluate outputs on advance development contracts, focusing on risk, past performance, and project difficulty.
MENTIONED IN THIS ARTICLE
Washington
UPI
Defense Department
Defense Industries
Department
Defense
Roswell L. Gilpatric
Perini Forms DASA Co Inc to Target Data Processing
Perini Electronic Corp announces creation of DASA Co Inc a wholly owned subsidiary based in Waltham Massachusetts to pursue data processing applications of its visual magnetic concept used in the Mag icall dialer Richard Leghorn serves as president and CEO of both firms Initial manufacturing will occur at Perini's San Mateo California factory as the new unit launches its data processing line
MENTIONED IN THIS ARTICLE
Perini
DASA
San Mateo
Calif
Palomar Mortgage Moves Las Vegas Offices Amid Expansion
Palomar Mortgage Company, formed in 1950 and based in San Diego, has grown to be a major national lender with offices in Arizona California and Nevada. It announces new Las Vegas quarters at 1111 Las Vegas Blvd South Room 309 as its staff expands from 12 to 22 under Branch Manager Jack J. Goldstein.
MENTIONED IN THIS ARTICLE
Palomar Mortgage Company
San Diego
Calif
Nels G.severin
Building and Financing Authority
Palomar
Arizona
California
Nevada
the Mortgage Service Co
Oak
Real Estate Mortgage Company
Hayward
Riverside County Mortgage and Loan Co
American Mortgage Services
Eastern Lenders Services Co
Los Angeles
Georgia
Tennessee
Las Vegas
Las Vegas Blvd
South
Heers
Also Mentioned on This Page
Dow-Jones
L. Palmer
J. W. Sparks & Co
Delicatessen
Bonanza Air Lines
Central Telephone
Dei & Wedd
First Western
Nevada Northern Gas
Nevada Power
Southwest Gas
Gag Air Reduc
Libby McAlley
Lockhaire Allied Ch de A R. H. Allied
Sim
Minn
M&m Alcoa
Monsan
Amn Air
Mont Ward Pics
Pac Gse
Bendix Av
Beth Stee
Pan Amn
Boeing Air
Param Pid Borden Co A
Parke Dav Borg Warn
Penney
J. C. Burroughs
Phel Dodge Cater Trac
Philip Mor Delanese Co
Phillips Pet Chrys Corp
Proct
Shell
Sinclair
Doug Airc
Swift & Co
Texaco Inc
Motors
Tidewat
Geni Tire
Trans Air Goodrich
Goodyear
Greyhound
Gulf
Cal Homestake
UN Pacific Ideal
Airc
U S
Westy Air
Man
Westy
Erec Jones & L
Woolworth Kaiser Alu
Yoost S&t Kenne Cop
Zenith
LOF Glass
Dow Jones
Evervovese Itl
Esccseses
Rails
Ust
Sahara Hotel
Spe
Congress
Milton H. Cohen
Chicago
New York Stock Exchange
NYSE
National Association of Securities Dealers
NASD
Nevada Power Company
Employment Up Board
FMC
Defense Dept
Robert S. McNamara
Pentagon
McNamara
Earl Nick Mangan
Charleston
Hugh Schwiger
AL Butler
E. Jake Mead
Bob Schnider
Bob Brown
Harry Skalla
John Freels
Frank Morrell
Water St
Henderson
Henry Mansour
Charleston Bivd
Herb Leach
Bill Berroyer
Thunderbird
Teddy
Jerry
Ree Aed
Lee Lewis
Corvairs
Guys & Dolls
In Docs
Outten Bar
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