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Press Telegram in Long Beach, California

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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Apr 23, 1966

Page

2

Weeks Trend In Stock Market Gains Amid Mixed Trading

Market activity showed a firm midweek with gains in major blue chip components led by General Electric Westinghouse and Eastman Kodak while rails faced selloffs after ICC merger- decision notes. Volume dipped from last week yet Wednesday's rally suggested underlying strength despite cautious Thursday turnover.

Dow-Jones General Electric Westinghouse Eastman Kodak ICC Hoowever

Market outlook notes rising prices and mixed signals

An overview discusses rising prices on major exchanges with skepticism from investors. It cites record weekly volume of 53.6 million shares, notes gains in Day Industries and several electronics and aluminum stocks, and warns that General Motors weakness alongside other autos could threaten the rally while a spring advance remains possible.

Industri« Pals Roay Selec Ition Chryslee Ford General Instrument Consolidated Electronics Industries IRC, Inc Harvey Aluminum Revere Copper &i Brass Henry Siegel

Newspaper Probe Becomes Part of Trial in Whirt Murders

British authorities opened an inquiry into financial dealings between a newspaper and the chief prosecution witness David Smith. The 18 year old testified he would sell his personal story for at least 2800 dollars and a share of syndication proceeds if Brady and Hindley are convicted in the Whirt murders of Evans Downey and Kilbride. The Sunday News of the World acknowledged involvement.

Chester Eng UPI Fentess Atkinson David Smith Smith Sunday News of the World Jane Brady Myra Hindley Edward Evans Lesley Ran Downey John Kilbride Drady Hindley Smithve Miss Hindley

Dissident group seeks to postpone Crucible Steel annual meeting

Judge Harrington said he would decide Monday on a plea by shareholders to delay Crucible Steel Co's annual meeting set for Wednesday. The 200 million dollar suit against management accompanies the injunction bid and proxy fight involving Hunt Foods and Wheeling Steel ties. Max Wildman represents the minority seeking to halt the Wednesday session and possibly set a November date.

Chicago G—Circuit Cornelius Harrington Crucible Steal Co Harrington Morris Rubb Joel Hunter Ars Crucible Morton Simon Beant Wheeling Steel Corp Hunt Fands and Industries Simon Hunt Foods Max Wildman Ney

New York Fears Third Newspaper Strike Since 1962

New York expected a third strike since 1962 as merger talks neared for three papers. AFL CIO unions pressed for severance pay for printers amid job losses. walkouts planned for Sunday afternoon. Scripps-Howard and Sun publishers ended editions. Journal-American to publish final afternoon and Sunday papers. Herald Tribune to publish final Sunday edition and merge with Journal-American starting May.

New York 14 New World Journal Tribune, Inc AFT CI International Typographical Union Amber Union AFL- Cio Herald Tribe Mey Journal Ofameric

Skyscrapers to Bring New York Downfall Warned

West Coast economist George S. Clarke warned New York City’s skyline will strangle the metropolis within a decade. He predicted Los Angeles would rise as the nation’s top city, citing construction and traffic as factors in a static economic condition.

New York Nowa York City George S. Clarke Fast Coast Clarke Willy Los Angeles Samuel W. Yorty

Farrell Developer of Africa Trade Dies at 75

Farrell, longtime leader in Africa trade development and former chairman of Farrell Inc, died Friday in the metropolitan Los Angeles area. He was 75. He chaired the executive committee of Farrell Inc and was linked to efforts boosting small business into retail trade across Africa and America.

Darien Copa UPI John Farrell Farrell Incs, Inc Ered Los Africa America Ag Thelihe Jamies A Los Angeles Ofas

Renault and Peugeot Form Joint Auto Industry Pact

State owned Renault and Peugeot, a family owned firm, announced a 50-50 collaboration to cut production costs and coordinate investments, raw materials and machine tool purchases. They aim for closer European cooperation in research and development while preserving each company's financial and domestic operations. Renault produces 600000 vehicles yearly and Peugeot about 300000.

Paris UPI Renault France Peugeot

LBJ to Talk With Labor Management

President Johnson convenes the labor management advisory committee to tackle sustaining prosperity and a stable economy. The meeting is set for May 4-5 in Washington, with letters sent to members. Separately, NAHB president warns of a sharp drop in home building due to money costs and material scarcity, while Senator housing subcommittee flags rising prices and limited materials.

Washington Jobson Willard Wirtz National Association of Home Builders Larry Blackmon Senate

Park Meter Theft Ring Leaders Nabbed in Cleveland

Two New York men with master keys to 81,000 city meters allegedly led a six month theft ring that drained about $200,000. Charles R. Zambito 30 of Valley Stream and Richard E. Diamond 29 of Flushing were arrested in a Cleveland hotel room and arraigned on charges of unlawful fehs to avoid prosecution in New York.

Cleveland New York New York City Charles R. Zambito Valley Stream N.Y Richard E. Diamond Flushing Queens

California sales tax climbs to 974 million in year

The Site Board of Equalization announced California collected 97.4 million dollars in sales taxes last year due to a late-year economic upswing. The report highlighted a strong fourth quarter as the main driver of the gain.

Sacramento UPS Site Board of Equalization California

It will take a year to catch up with half dollar shortage

Washington officials say the Treasury Department will need time to eliminate a half dollar shortage despite record mint production. Assistant Secretary Robert A. Wallace notes demand remains high due to the Kennedy likeness on the coin and that Fed banks struggle to build coin inventories.

Washington Treasury Department Robert A. Wallace the Treasury U.S. Mint John F. Kennedy Wallace Federal Reserve Banks

Also Mentioned on This Page

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