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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Aug 18, 1962
Page
5
Dow Jones end of day figures show the industrials up 3.31 points to 610.02, rail stocks up around 6 points, utilities little changed, and the overall market by the close signaling a strength in the broader averages. The commodity futures index stands at 142.31 with 1994 base.
New York stocks finished higher led by electronics chemicals oils and aerospace issues. After a slow start these sectors gained momentum to close with gains across most listings and a stronger market tone overall.
Eastman Kodak boosts dividend with multiple increases. United Carbon, Allied, American Potash, and Union Carbide advance on earnings. IBM leads with about 3 percent, with Litton Perkin Elmer and International Resistance rising 2 percent or more. Boe ing Douglas and McDonnell gain. Oil stocks lift, autos Chrysler and GM up 1 percent plus. Steels firm with Youngstown Sheet Lukens up about 14 and 3 percent.
Washington reports that Kennedy advisers wrestled with delaying a tax cut despite economists urging stimulus. One aide cites political risk with Congress as the reason, while Treasury insiders warn delaying could hurt economic recovery and Kennedy’s 1964 prospects.
Alfred Sheinwold discusses a bridge hand where a spade finesse could yield a sure play. South should have finessed spades first, then used diamonds to discard losers, while avoiding extra club troubles. The Daily Question offers bidding guidance and promotes a bridge booklet from the New York Sun.
The NS Savannah, the world first nuclear powered merchant ship, received a Coast Guard safety certificate stating it meets all SOLAS requirements. The 22,000 ton vessel will sail to Savannah, Georgia, then proceed to Seattle for display at the World's Fair as a peaceful atomic energy example.
Nevada Heart Association president Dr. Robert K. Myles announced continued funding for cardiovascular research. Dr. Julius Jensen of Las Vegas and Dr. David H. Blankenhorn of Los Angeles will persist in the Genetics of Heart Disease and Hypercholesterolemia project at the University of Southern California Medical School. The study tracks identical and non identical twins, blood cholesterol and dinydocholes terol, to assess constitutional influences on cholesterol metabolism.
Paintings by Hortense Mc Kiernan are shown in the Rebel Room of the Colonial House on Las Vegas ivd. South. Emile Nizet's works are on view at the United Fund Building 1622 Commerce St. sponsored by the Las Vegas Art League. Lucile Spire Bruner displays at the Women’s Hospital on San Francisco Ave. Sponsored by the.
Navy quietly tests floating Hydra rockets at Point Mugu to replace land launch pads. Ocean launches aim to cut costs of ground facilities while proving deep space capabilities, but Pentagon funding remains minimal and project stalls amid Washington response.
New York based Superior Industries Corp maker of recreational equipment reports about 500 000 private homes feature varied sized pool tables for family recreation reflecting growing home leisure demand and product reach.
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