Market slips then mixed as stocks hover near 1962 low
The New York market opened lower, then traded mixed amid heavy volume and an unclear 1962 low. The Dow fell to intraday lows before a rally, with the Dow at 574.04 and the S P 500 around its May 28 level. NYSE seat prices slipped to 115000, the lowest since 1959, reflecting renewed selling pressure.
MENTIONED IN THIS ARTICLE
AP Business News
NEW York
Associated Press
Standard & Poor
Outside Aid Suspected In Alcatraz Break
SAN FRANCISCO AP The three convicts Anglin Clarence Anglin Morris may have had outside help in escaping Alcatraz Island prison. FBI probing visitors to the prison, authorities comb Angel Island, and a fourth nonfleeing convict Allen West of Atlanta is linked to the plot. The quartet used spoons to pry ventilator covers, climbed a pipe over a roof and fence, then reached the water.
MENTIONED IN THIS ARTICLE
San Francisco
Alcatraz Island
San Francisco Bay
San Francisco Examiner
FBI
Angel Island
Alcatraz
Allen Clayton
Atlanta
Anglin Brothers
Morris
Akron Babysitter Charged With First Degree Murder
A 20 year old Akron babysitter confessed to police that she strangled 14 month old Michael Magier with a silk stocking after losing her job due to her boyfriend's visits. She told police she choked the child for about 20 minutes and was held without bond in Summit County jail.
MENTIONED IN THIS ARTICLE
Akron, Ohio
Asinn
B.n. Masse
Liss Mocnene Rusecy
Michael Magier
Miss Posey
Forrest Diefender
Norton Village
Diefendorff
Ruth. Magier
U S Urged To Keep Laos Power Balanced
United States seeks to prevent Prince Souphanouvong from controlling Laos during coalition talks and Geneva conference. Neutralist Prince Souvanna Phouma urged to lead Laos delegation while Gen Phoumi Nosavan stays home. Souphanouvong would oversee early state affairs during the transition.
MENTIONED IN THIS ARTICLE
Washington
United States
Souphanouvong
Laos
Red Prince
Little Kingdom
Prince Souvanna Phouma
Geneva
Phoumi Nosavan
Switzerland
Souvanna
Paris
Officers Sentenced For Beating Of Korean in Korea
CAMP HOWZE Korea AP Two U S Army officers were fined six hundred dollars and suspended from command for six months after pleading guilty to unlawful detention assault and battery and giving false oath testimony A nine member court martial imposed the sentences on 1st Lts David W Swanson and Thomas M Wilde Swanson and Wilde were accused of raping and beating Lee Il Yong 30 after the Korean was found inside their area May 29 Lee sustained head injuries a broken finger and multiple bruises The sentences await review by higher military authorities
MENTIONED IN THIS ARTICLE
Swanson
Wilde
Lee Il-yong
Lee
Chuckle: minds like con crete all mixed up
A humorous quip on thinking and mental mix ups compares minds to concrete that is mixed and hardens, implying stubborn, disordered thinking and permanent rigidity in a playful way.
MENTIONED IN THIS ARTICLE
Crete
New York scofflaw king jailed for traffic summonses
Harry Katz, 43, once a lonely hearts club operator, was sentenced by Chief Magistrate Abraham M. Bloch after pleading guilty to ignoring 342 traffic summonses. He received 120 days in City Jail and $12,725 in fines, with an alternate 975 days in jail if the fines are unpaid.
MENTIONED IN THIS ARTICLE
New York
Harry Katz
This City
New
Scofflaw King
Katz
Abraham M. Bloch
Defense Bill Given Senate Nod
The Senate approved a massive 48.5 billion defense bill and sent it back to the House for conference. The measure includes more than 590 million in Senate increases over the House version and awaits final compromise before reaching President Kennedy. Sen A Willis Robertson steered the bill through in under seven hours with an 88 to 0 tally. Debate centered on trimming 320 million for RS70 jet reconnaissance efforts, but attempts failed as leaders backed continued development.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Senate House Conference
Kennedy
A. Willis Robertson
D-Va
Everett M. Dirksen
Illinois
William Proxmire
D-Wis
Senate Appropriations Committee
Defense
Robert S. McNamara
37th Underground Blast Detonated
Washington reports the United States announced the detonation of another nuclear device at the Atomic Energy Commission underground test site in Nevada. The Wednesday night blast was the 37th under the underground series begun last Sept. 15 and was described as a low yield test with an explosive force under 20,000 tons of conventional explosives.
MENTIONED IN THIS ARTICLE
Washington
United States
Atomic Energy Commission
Nevada
Middletown Forecast Calls for Pleasant Warm Weekend
The forecast predicts bright sunny weather with temperatures near 75 degrees Friday. Tonight will be clear and cool with a low around 50 in Middletown. Yesterday’s official high reached 70 at 1 p.m. and the overnight low was 47 at 6 a.m.
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Middletown
Airline Strike Okayed Major Carriers Likely Affected
Goldberg left talks to report to President Kennedy as three big carriers Pan American World Airways Trans World Airlines and Eastern Airlines faced possible flight engineers walkouts. After a 21 hour session Kennedy proposed arbitration on wage job rights and crew size with the union rejecting the plan. A strike by 1700 engineers could halt domestic and overseas operations and idle 62000 workers.
MENTIONED IN THIS ARTICLE
Sulusac
Goldberg
Kennedy
Engineers’ Union
Pan American World Airways
Trans World Airlines
Eastern Airlines
Flight Engineers
Eastern Air Lines
Viet Cong Attack Near Laotian Frontier Kills U.S. Sergeant
A U.S. Army sergeant was killed and two Americans injured in a combat operation with Vietnamese troops near the Laotian border about 360 miles north of Saigon. The wounded captain and sergeant were taken to a field hospital at Nha Trang. identities withheld pending next of kin notice.
MENTIONED IN THIS ARTICLE
Saigon
South Viet Nam
Nha Trang
Bruce President Safe In Brazil
Edward M. Gilbert, a Wall Street figure who admitted unauthorized withdrawals of about $1.95 million from the E. L. Bruce Co., fled to Rio de Janeiro seeking extradition protection. He arrived with a 30 day Brazilian visa and planned a six week stay, while U S and Brazilian authorities investigate. Manhattan District Attorney Hogan is examining the withdrawals.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Edward M. Gilbert
Brazil
Adu
Whders Sleppen OL
Idlewild
Gilbert
Rio
E. L. Bruce Co
Estes Testimony Opens Up Inquiry In Agent Death
Franklin Texas AP testimony from Billie Sol Estes opened new avenues for investigation in the death of Agriculture Department official Henry H. Marshall. Dist. Atty. Bryan Russ said he will subpoena several more witnesses as the Robertson County grand jury weighs whether Marshall was murdered or committed suicide.
MENTIONED IN THIS ARTICLE
Estes
Franklin, Tex
Billie Sol Estes
Agriculture Department
Dist
Bryan Russ
Russ
Robertson County
Henry H. Marshall
Agricultural ‘Stabilization and Conservation Committee
Lstes
Texas
Will Wilson
Marshall
Cofer
Justice of the Peace
J. A. Jachimczyk
Houston
John M. Barron
Grand Jury
Solvents Proxy Faces Panel On Estes Deals
House investigators question Commercial Solvents president Maynard C. Wheeler on Estes deals and a reported four million dollar cache in Switzerland. Wheeler disputed testimony given to a Texas inquiry by Frank Cain as Estes faces fraud charges and a collapsed empire. Wheeler said Estes owes 5.7 million to Solvents, secured by grain storage payments and other collateral. Agriculture Dept ordered removal of government surplus grain from Estes facilities and payments have been impounded since his April indictment.
MENTIONED IN THIS ARTICLE
Washington
House
Maynard C. Wheeler
Billie Sol Estes
Estes
Switzerland
Wheeler
Frank Cain
Pecos
Tex
Fstes
Agriculture Department
Bruce firm releases Gilbert resignation statement
Early Tuesday night the BF L Bruce firm a leading manufacturer of hardwood flooring released a statement saying Gilbert voluntarily had disclosed the unauthorized withdrawals and that he had resigned. The company quoted Gilbert as saying his actions were directed to the protection of an acquisition program on behalf of the corporation and in my judgment were in the best interests of the corporation and its stockholders.
MENTIONED IN THIS ARTICLE
BF. L. Bruce
Gilbert
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By Jack Lefler
Secretary of the Treasury
Douglas Dillon
Senate Finance Committee
New York Stock Exchange
John Anglin
Clarence
Frank Morris
Rochelle Posey
Curb Red Prince
Washington Aim
U.S
Camp Howze
Korea
David W. Swanson
Galesburg
Lll
Thomas M. Wilde
Wordsworth, Ill
Buster Byrd
Pinecastle
Fla
Buster
Orlando
Flight Engineers International Association
Viet Nam
U.S. Army
Eeveereesss
Radio-Tv
Bruce
Manhattan
Atty
Frank
Hogan
Here
Solvents
W. B. Ragsdale JR