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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jun 06, 1962
Page
1
County Commission to discuss a blue sky law to curb questionable stock promotions in Southern Nevada. Commissioner Art Olsen urged a stop-gap measure as district attorney’s office works on a draft to regulate unregistered stock sales and promoters.
The proposal requires registration of all securities sales personnel, fingerprinting and registration with the sheriff's office, licensing by the county, and posting a fidelity bond to insure that monies.
A Tonopah Times Bonanza editor challenges a Nevada gubernatorial candidate to more than talk as insults and dirt throwing flare in the campaign. The writer rejects physical combat, proposing a televised debate to question policies and administration ahead of the race.
Former Vice President Richard Nixon, running first political bid since 1960 loss, leads Joseph Shell in California precincts with 161 198 to 75 921 at 11 p.m. PDT from 2 185 of 31 212 precincts. Kuchel dominates Republican rivals as Richards set for November bid. Birch Society influence noted as contest continues.
A Strip hotel dealer filed in District Court for 265000 against the parents of two 11 year old boys alleging they supplied gasoline that the youths used to burn eight year old Cindy Schleppert on July 7. He cites negligence by the parents and two businesses in the incident.
New York Stock Exchange will investigate who bought and sold during a 34 million share upheaval in the first three trading days of last week. President G Keith Funston said the inquiry would take weeks and publish results. it may not yield a full portrait like the Exchange's periodic studies but should identify key players.
The House Ways and Means Committee approved a plan by 16 to 9 to raise the debt ceiling to 308 billion dollars from July 1 for several months. The move aims to cushion seasonal tax receipts while awaiting full-year legislation, with a fallback to 305 billion after March 31 if no further action occurs.
The New York market fluctuated with an optimistic tilt amid expectations of a tax cut next year and other positive data. Trading finished higher for leading stocks, with no clear trend, as the tape lagged intermittently and Treasury Secretary Dillon’s pledge of broad tax cuts was reported to stimulate the economy.
The Dow rose to 594.96 up 1.28 percent while Standard Poor’s gained to 57.57 up 0.30 for the day. Trading totaled 6.14 million shares as April business sales hit record levels per the Commerce Department. Major gainers included American Telephone and Telegraph Goodyear Bethlehem and General Electric with modest shifts in cents rather than dollars.
In Woodbury Georgia A Edward Smith 60 and his wife Marilu were killed when their car collided on the way home from a dinner honoring New York governor Nelson Rockefeller. GOP national committeeman Robert K Snodgrass called for a new candidate.
A Maryland state trooper flagged down a weaving car and found the driver dying from a self inflicted gunshot wound while a partially undressed teenage girl body lay in the trunk. The driver Charles A. Reppert Jr. 29 of Allentown Pa died of a head wound as a .22 rifle rested on his lap. The victim Joanne Hillegas 14 also of Allentown appeared to have been criminally assaulted.
Annexation hearings continue regarding a partially developed area northwest of Las Vegas with three parties Nevada cities and local residents contesting the move. District Judge George Marshall will hear North Las Vegas injunctive requests to block Las Vegas from annexing part of North Las Vegas town site under dispute over Thunder Bird creation. City Attorney Sidney Whitmore represents all sides as the case proceeds in court.
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