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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 12, 1966
Page
6
Chrysler reports findings from turbine car tests in Detroit amid ongoing experiments since 1962. Officials say driver feedback and mileage data show progress but stop short of a full shift to turbine power, noting plans to advance development and testing while keeping options open.
New York reports a late blitz of sell orders pulled stocks back from gains on the NYSE. Tech and electronics firms dropped, while some blue chip and motor shares held or rose. Motorola and Trans World Airlines led gains. Fairchild Mayer and Magnavox recovered after halts.
Manila dispatch reports the Philippines House approved a bill to dispatch 2,000 troops to South Vietnam by a large majority. The vote faces Senate resistance amid Vietnam’s political crisis and resistance from Senate leaders delaying action after the coup attempt against President Nguyen Cao Ky.
California barley production is estimated at 1,603,000 tons, down 4 percent from 1965. The California Crop and Livestock Reporting Service also forecasts preheat production excluding idorum at 217,000 tons, 4 percent below last year, while the coastal crop is placed at 79,000 tons, up 1 percent from 1985.
Market snapshot shows mixed price activity as of May with various commodities and indexes noted. Data appears fragmented with unclear figures and several OCR-like errors obscuring specific names and values.
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