Dow Jones Ends Mixed With Small Losses
New York Dow Jones closes lower as index drifts amid modest losses. Trading ends with declines near 1.5 points, reflecting a light session and limited price movement.
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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
May 23, 1962
Page
7
New York Dow Jones closes lower as index drifts amid modest losses. Trading ends with declines near 1.5 points, reflecting a light session and limited price movement.
A broad late selling wave pushed the Dow Jones industrial average to a new yearly low as many major equities dropped. Dips of more than 4 points in DuPont and at least 1 point in American Telephone, Amoco, Chrysler, General Electric, General Motors, Goodyear, U S Steel, IBM, and others dragged electronics and steel sectors down amid weekly production declines.
Local Miss Clark County pageant June 9 at Rancho High School Little Theatre selects a contestant to compete in Reno on June 23 for Miss Nevada. Prizes include scholarships from Soroptimist Club and Pepsi-Cola, plus trophies. North Las Vegas Jaycees sponsor. eligibility requires ages 18 to 28, single, high school graduate, Clark County resident, amateur or professional.
A dense listing shows numerous corporations and industries across steel, chemicals, motors, foods, and utilities. Brands include Alcoa Armour Boeing Ford Glass Libby McNAir Macy Penney Pepsi Safeway Texaco US Steel Westinghouse and many others, reflecting a broad market snapshot.
Hong Kong's British administration reviews a Nationalist China offer to accept refugees from Communist China amid a continuing exodus due to floods and famine. An official Formosa response was expected as London notes Hong Kong can absorb only so many migrants. Reginald Maudling cites Hong Kong's 12 year influx of migrants and questions Communist policies.
Le Cercle Francais with over 100 members watched La Comedie Francaise film of Le Bourgeois Gentilhomme in the Wildcat Theater. The event showcased French language, color film, and Moliere satire funded by a French government grant. Sponsor Mrs. Lee Pivernick distributed fleur-de-lis pins. Judy Allen and Carolyn Barnett organized refreshments.
Rev. Melvin A. Pekrul of the First Baptist Church attends the annual American Baptist Convention in Philadelphia as Nevada’s official delegate. The gathering includes more than 10,000 delegates, from 36 states, 7,000 churches, and 1.5 million members, with notable speakers and the dedication of the Valley Forge headquarters. over 75 missionaries will be commissioned.
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