Stock Market Slumps As Profit Taking Dims Wall Street
Wall Street cooled today as traders took profits after a volatile rally. The Dow fell about 5 points to 608.29 with major losses in IBM Polaroid Xerox Litton Levers American Telephone GM and Union Carbide while a few issues like DuPont Texaco and Liggett & Myers rose slightly. Trading remained heavy at 10.71 million shares as institutions moderated buying and the SEC-style inquiry loomed.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
International Business Machines
Polaroid
Xerox
Litton Industrials
American Telephone
VU. S&s. Steel
General Motors
Union Carbide
DuPonts
International Iwickel
Texaco
Liggett & Myers
Exchange
American
Pacific Coast
Midwest
Wright Patman
D-Tex
Congress
Soviet Raises Meat and Butter Prices to Fund Farms
Moscow announced a 25 percent rise in butter prices to 1.38 dollars per pound and 30 percent hikes for pork and beef to finance lagging farm expenses. The move targets urban consumers amid shortages, with wages far below foreign levels. The government blamed U.S. pressure and said higher costs would balance city and rural living standards.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
United States
U.S.S.R
Communist Party Central Committee
King of Swing Draws Moscow Crowd for Benny Goodman Concert
Benny Goodman and his band energized a 5,000 strong Moscow audience with a jazzy take on a Cossack melody and Mississippi River groove. Premier Khrushchev attended the opening night, easing officials’ caution as Sherrill and a Russian lyric in Katusha drew cheers.
MENTIONED IN THIS ARTICLE
Moscow
Benny Goodman
Meadowlands
Soviet Union
Khrusochev
Evgeny Yevtushenko
Goodman
United States
Jova Sherrill
Goodman Band
Khrushchev
No. 1 Graduate at Military Academy
Cadet John H. Fagan 21 of Northampton Massachusetts is named the No 1 man in the order of merit at the U S Military Academy West Point He will be the first cadet to receive his diploma from President Kennedy at graduation exercises next Wednesday Fagan will receive a bachelor of science degree.
MENTIONED IN THIS ARTICLE
West Point
John H. Fagan
Northampton
Mass
U. S. Mill
Kennedy
Fagan
Ruth DeGroff Dies In Route 39 Car Crash Near Geneseo
Mrs Ruth DeGroff of Leicester was fatally injured Thursday night when her car struck a utility pole on Route 39 one mile north of Geneseo in Livingston County.
MENTIONED IN THIS ARTICLE
Geneseo
Ruth DeGroff
Leicester
Route 39
Livingston County
Dishwashing wage earner wins state claims award
In Albany a $4 622 award was granted to Harry O Morrison of Purling Greene County by the State Court of Claims. He claimed three troopers Richard C Roe William Wolfe and Joseph Valecenti beat him during questioning about a burglary at Leeds barracks in July 1958 causing lingering headaches and knee pain.
MENTIONED IN THIS ARTICLE
Albany
State Court of Claims
Harry O Morrison
Purling
Greene County
Sidney Squire
Richard C. Roe
William Wolfe
Joseph Valecenti
Morrison
Leeds
Man 75 Claims Girlfriend Squeal Motive For Driving Charge
Charles Goodwin of High Point faces a reckless driving charge but testifies in court he was not driving recklessly. He was ordered to pay court costs after explaining he was with his girlfriend and occasionally veered off the road to make her squeal.
MENTIONED IN THIS ARTICLE
High Point
N. C
Charles Goodwin
Goodwin
Senate panel backs plan to tax dividends and interest
Administration allies in the Senate push a compromise to withhold 2 percent on dividend and interest payments with an $5,000 income exemption, while opponents led by Senator Byrd resist. The Finance Committee has not reached a decision as letters from investors flood in.
MENTIONED IN THIS ARTICLE
Washington UP — Administration
Senate
Senate Finance Com
Mittee
Treasury
Harry F. Byrd
D-Va
Byrd
House
Kennedy
Finance Committee
Sens
Russell B. Long
D-La
George A. Smathers
D-Fla
JFK to Speak During West Point June Week Festivities
West Point schedules June Week events June 2 through 6 to celebrate the 184th graduating class. President Kennedy will deliver the commencement address on June 6, with 57 of 601 cadet graduates marrying in chapels from June 6 to 10.
MENTIONED IN THIS ARTICLE
West Point
U. S. Military Academy
Kennedy
Hudson River
Goldwater May Seek Nomination For Presidency
Washington based biographer portrays Sen. Barry Goldwater as likely to pursue the Republican nomination in 1964 if GOP prospects look favorable. He sees conservatives as pivotal at the next convention and cites regional strength in the South, Midwest, and Mountain West versus weak backing in states like New York and Massachusetts.
MENTIONED IN THIS ARTICLE
Washington
Barry Goldwater
R-Ariz
Goldwater
New York
Nelson A. Rockefeller
Kennedy
South
Middle West
Rocky Mountain West
Pennsylvania
Massachusetts
New Jersey
Indiana
Iinois
Ohio
Humphrey Urges Tax Cuts Amid Economic Pressure
Sen. Hubert H. Humphrey urged 2 to 4 percent cuts in corporate taxes and 2 percent in personal taxes to bolster the economy and stock market. He spoke in New York with financial leaders as Rep. Wright Patman called for a $750,000 stock market probe. Treasury noted no immediate tax cut, but a reform plan next year may raise revenues in other areas.
MENTIONED IN THIS ARTICLE
Washington
Hubert H. Humphrey
D-Mins
White House
Humphrey
Congress
Senate
New York
Stock Exchange
Wright Patman
House Economic Committee
House Banking and Currency Committee
Secretary of the Treasury
Douglas Dillon
House
Ways and Means Committee
The
Treasury
Attorney General Seeks To Label 10 as U. S. Reds
Atty. Gen. Robert F. Kennedy asked the Subversive Activities Control Board to compel ten named individuals to register as members of the Communist party. The action targets leaders and members from New York, California, Washington, and Oregon in the party's national structure. The move follows the Supreme Court ruling permitting enforcement under the 1950 Internal Security Act.
MENTIONED IN THIS ARTICLE
Washington
Robert F. Kennedy
Wiliam L. Patterson
Rusk Plans European Trip To Heal NATO Policy Splits
Secretary of State Dean Rusk plans a late month European tour to smooth Atlantic Alliance rifts. He will definitely meet West German Chancellor Konrad Adenauer and may also see French President Charles de Gaulle and British leaders.
MENTIONED IN THIS ARTICLE
Washington
Dean Rusk
Europe
Atlantic Alliance
Konrad Adenauer
Charles de Gaulle
Harold Macmillan
Rusk
Adenauer
Berlin
United States
de Gaulle
Herve Alphand
Allphand
Paris-Washington
France
U. S
Britain
Sen
Barry Goldwater
Rariz
Grade Teachers Must Complete 5 College Years
Elementary school teachers will require five years of college for certification after Sept. 1, 1966. Provisional certificates allow four-year degree holders to complete one more year within five, and new rules push total liberal arts hours to 75 with field study credits in science or law.
MENTIONED IN THIS ARTICLE
Albany
State Education Department
James E. Allen, Jr
Allen
Queen Mother Plans St Lawrence Trip and Canada Visit
The Queen Mother Elizabeth will tour Canada starting Thursday, spending four days in Montreal for the Black Watch of Canada centenary. She goes June 11 to Ottawa as a guest of the governor general, stays June 15 with Vincent Massey in Port Hope, and returns to London June 16.
MENTIONED IN THIS ARTICLE
London
Elizabeth
St. Lawrence Sea Way
Canada
Clarence House
Queen Mother
Montreal
Black Watch of Canada
Ottawa
Vincent Massey
Port Hope
Also Mentioned on This Page
Milan
Italy
Wall Street
Radio-Tv
Fulton & Classified
JFK
Mexico City
Mexico
U. S. Reds
Betty Gannett Tormey
William Albertson
New York Party
Brooklyn
Arnold Samuel Johnson
Miriam Friedlander
New York Party Committee
Ara Louis Weinstock
New York City
Albert J. Lima
Oakland
Calif
California
R Quincy Proctor
Berkeley
North California
Dorothy Healy
Los Angeles
Southern California
Burt Gale Nelson
Seattle
Northwest
Tormey and
Weinstock
Adolf Eichmann
NATO
Tel Aviv
Israel
Nazi Germany
Gestapo
Ramieh
Eichmann
Hitler
Mediterranean
Supreme Court
Jerusalem
William Hull
Eichman
Tel Aviv-Jerusalem
ST. Lawrence
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