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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 13, 1962
Page
7
Atlas announces a plan for holders of General Industries of New Company's $1.25 preferred stock to receive common stock to settle unpaid dividends. The offer covers arrears from May 10, 1987, to August 10, 1961, with each holder getting 0.06 of a share per preferred share, value $5.62 per share, expiring April 30.
Auckland reports ongoing negotiations on a loan with New Zealand and Pi Finance Minister Harryl. Preliminary prospectuses have been filed with the U.S. Securities and Exchange Commission as talks continue amid government discussions.
New York authorities are widening an inquiry into doctors who allegedly collude with lawyers to file inflated or false personal injury claims. Some physicians face suspensions for charging up to 400 for visits or no treatment, and many patients seek losses for medical bills, lost income, and pain. The investigation traces to a Kings County judicial inquiry and spans 1300 doctors, insurers, and several attorneys.
Live ammunition was used in a Thursday training at Fort Hood Texas as Strike Command forces, including tanks Honest John rockets and Thunderstreak jets, portrayed a major Army Air Forces maneuver. General officers oversaw troops as 2nd Armored Division units fired sequences in the field. Call HE 2-509 for classifieds.
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