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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jun 19, 1963
Page
15
Dow Jones averages opened higher then closed mixed with the industrials and rails showing gains while utilities and commodities barely moved. In Chicago and London, grains and cotton were steadier with grain futures edging lower and the overall market described as firm yet uneven.
Electronics and motors led gains in a firm, moderately active session in New York trading. Chrysler rose more than 2 percent as other major automakers gained modestly. General Motors climbed after a $35.8 million government contract for spacecraft navigation and guidance gear aiding a moon mission.
Wall Street observers Thomas & McKinnon Goodbody & Co. and Stanley Heller & Co. foresee a continuing market uptrend but stress selectivity. They cite favorable background for a traditional summer rally, tempered by the need for value focus and timing. Stanley Heller notes higher earnings and dividends boosting stocks, with rewards possible during short technical pullbacks.
Lawrence Bleiberg of Bache and Co says last Wednesday's market performance shows profit taking failed to erase a large portion of the advance and reinforces his view that the market has little inclination to move downward.
Prostitutes in Semarang Central Java donated $65 to victims of a recent Balinese volcano eruption, the Antara news agency reported yesterday.
Tulsa hosts plans for the 1966 International Petroleum Exposition to unveil advanced equipment and techniques as the industry moves from wooden derricks to petrochemical fields. The World’s Fair of Oil could attract up to 500000 visitors and 2000 exhibitors, with $100 million in exhibits.
William C. Nunley of Baxter Springs Kansas named national truck driver of the year by the American Trucking Associations. A 30 year safety record with 2,225,000 miles driven without an accident, Nunley is praised for safety courtesy and heroism including a March incident where he helped save an ambulance driver from a deranged patient. He works a turn-around run for Yellow Transit Freight Lines in Oklahoma and Texas. प्रदर्शन
UPI reports a survey by the National Study Council finds about 3.5 million Americans were enrolled in home study in 1962. The figure approaches the size of total U.S. college and university enrollment, marking a notable rise in correspondence education.
The Federal Housing Administration plans to keep its mortgage insurance rate at 5 1/4 percent despite a general downward drift in market rates. Analysts anticipate rates may firm up or rise in coming months as business expansion drains excess cash. The last FHA rate change was May 26, 1961, when it was cut from 5.5 percent.
The Nevada Southern campus Division of Business Administration and Economics will offer two economics courses in the second summer session. Courses include Economic Development of Western Civilization and Principles of Economics, requiring sophomore standing. Six-week session runs June 24 to August 2 with registration June 20 and 21 in the Nevada Southern gym. Contact admissions at 736-2222 for details.
The American Dental Association reports up to 75 percent reduction in tooth decay among Philadelphia school children after seven years of fluoridation, cited by United Press International.
The Remington shaving researchers say the average man spends about two months of life shaving nearly 500 million whiskers. They add American males devote around 5 million man hours daily to shave a square mile of face.
New York reports economist Dr. Edward Higbee argues federal price supports cost too much and fail to help small farmers. Former U S Agriculture Department economist and Rhode Island professor says subsidies benefit the rich and should be replaced by free enterprise, noting subsidies mostly reach prosperous farmers while marginal ones miss out.
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