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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jun 23, 1962
Page
5
Market report notes the Dow Jones Industrial Average opening higher with gains and declines across listed components. Traders monitor early price moves and sector performance amid cautious sentiment and headlines from financial markets.
New York markets saw a steep decline as stocks fell sharply amid heavy trading. Investors reacted to market pressures and mixed economic signals, with declines spanning multiple sectors and large cap names.
Wall Street closed lower as the Dow Jones Industrial Average sank past its prior low from November 1958. Blue chips like Owens-Illinois Glass General Electric and American Telephone declined while steel and chemical shares also fell amid softer demand and weaker second quarter outlooks.
Reese H. Taylor 61 a self made executive rose from iron worker to Union Oil Co of California president and director. He died at Good Samaritan Hospital after a two week illness from acute pancreatitis. He led Union Oil 24 years and was board chairman. He left a wife four children and was active in arts and industry groups. Funeral plans were set with donations requested to USC Medical Research.
Chancellor Konrad Adenauer and U S Secretary of State Dean Rusk held a 70 minute private meeting in Bonn and reported full agreement on major questions. They discussed continuing Soviet probing talks on Berlin, with Manning noting cautious optimism and shared aims despite some lingering doubt.
Neutralist Prince Souvanna Phouma announced that all Lao factions reached agreement on a new coalition government to be installed today. The Pathet Lao and right wing leaders agreed after a week of wrangling, with Souphanouvong and Gen. Phoumi named deputy premiers and cabinet posts outlined for the future.
Kenneth E. Reed, 22, arrested at Quantico by FBI agents for making a false report that he carried a bomb on a TWA flight from San Francisco to Las Vegas on April 24, 1942. Reed, then in Palo Alto and employed by Stanford Research Institute, had a time signal device he called a bomb Bond. bond set at $15,000. He was arraigned before US Commissioner Thomas Moncure and remanded to sheriff custody.
High school graduates and college transfers planning to attend the University of Nevada on the Las Vegas or Reno campuses should promptly obtain and submit formal applications with all credentials. Forms are available at the Nevada Southern admissions office or by mail request. Early filing is crucial due to the requirement of a medical examination report with the application.
Public notice urges water conservation and sprinkler control to prevent street runoff. Campaign favors rationing, with contact listed at 919 W. Benenza DU 2 6300 for more information.
Roy Rogers became a sub-chief of Washington State Indian tribes at the Seattle World's Fair. Governor Rosellini was named a Medicine Man as part of a large ceremony featuring Colville Confederated Tribes dancers Makah women Yakima princesses and other tribal performers. Rogers received a war bonnet and a new name meaning Little Sorrel Horse. he noted his family’s Choctaw adoption and his wife Dale Evans.
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