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Press Telegram in Long Beach, California

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This newspaper page contains 14 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Dec 01, 1962

Page

5

Market Trend Analysis by Harold Wallit and Co

The National Bureau of Economic Research charts 26 business cycles since 1854 finding an average rising period of 30 months. Postwar recoveries averaged 36 months, with several expansions ranging 25 to 48 months. The present recovery extends about 21 months from February 1961, with economists hopeful for gains into 1963 amid improving confidence, steel sales, and potential tax cuts. Economic forecasters warn that leading indicators hint at possible recession but remain uncertain and potentially misleading.

Harold Wallit Go, Hulton & Co Cer ‘Omists National Bureau of Economic Planneer Ist Economice

Market musters mixed signals amid inflation fears

Analysts note the February 1961 business cycle expansion neared prior peaks in four months, with September 1962 showing a 99 point rise from the start as production advanced. Despite strength comparable to the 1954-56 expansion, indicators warn of a slowdown and possible consolidation through January with downturns and sideways moves prevalent as traders eye volume shifts and price gaps.

See Normal Weather in U S for Dec Report

CHP officers found two unidentified victims seated on unused seat belts in a car wreck on a hillside. Weather Bureau forecasts normal conditions nationwide through December with warmer trend in the East and colder in the West during the latter part of the month.

CHP Washington UPQ Weather Bureau

Market jargon and obscure securities terms fill chaotic page

A mixed, unreadable OCR page lists stock names and market notes with scattered figures. It mentions National Association of Securities Dealers, ACE STOCKS, INSURANCE STOCKS, various company names, and tentative market forecasts, but the text is garbled and many phrases are non-coherent.

Weese Securities Coud ACE al Asx Insurance Ask Aveies Prusig IV Astman Atalwarke Geevel Astendate Inc fWarshall Imcut Beybert Banceto Chem Chem “Ake “Sevl Marson Electrnic Suromratic Rela Eealasaviaye Weely SK Fine Plese Ie Ap Begonia Lien Fok Benesta Emo Kant “Gereral Sutgeraltsn Indus Aannte Louth Npaurerch Fia Lines Caruilly Gialiicradat Inc Gia Gas Gs Wistataam Babrock Casal Barton Instrum Marmeeninuden Zee Seywriquin Richard Rus Bealteriman Marcus Rew Erna Gheeile Bhealee Boston Cacia Bolaw Ladut Besens Ing Buyaler Parr Bana Jurswick Taves Co Comauyer Pridesty Santas Casuals Uae Lincolni Lil Rary Beereuty Nationaire Emataversie Inaereamy Sir Paul Pau Bien Val Barker Fay Dioneer Val Gay Barracket Portland Glens Ut Syrety Catia Coleman Engine Sia Republic Lucaly Mies Heston

Political fundraising and election reporting in a chaotic finance text

In Ashford Connecticut Royal Al Knowlton reports the Connecticut secretary’s office details about campaign spending and financing amid a tangle of bank names funds and public notices. The record reflects local political fundraising and related disclosures from a wide array of organizations and individuals.

Ashford, Conn Royal AL Knowlton Connecticut

Profit Sharing as a 1964 UAW Goal

Chicago notes UAW President Walter Reuther outlines profit sharing as a 1964 contract aim with General Motors Ford and Chrysler. He cites AMC 1968 as precedent and argues workers would gain about 45 cents per hour under a GM style plan, with hard money if the big three refuse.

Chicago United Auto Workers DAW Walter Reuther Reuther Skilled Trades Department American Motors Corp General Motors

Adenauer successors pressed amid cabinet talks

West Germany leaders pressed 86 year old Chancellor Konrad Adenauer to name a successor at a meeting of his CDU CSU coalition talks with the FDP. Erhard's approval seen as key to avoiding a cabinet reshuffle as Adenauer prepares to step down next year. In San Antonio, Col. John A. Herringtons court martial recessed awaiting testimony over the murder of his wife and injuries to his son.

Donn Konrad Adenauer Designicu O Adenaies Christian Democratic Party Christian Social Union’ Cillianed Regece Adenauer Free Democratic Party Usch Erhard FDP Franz Josef Strauss France Free Democrats Ludwig Month Strauss Adlouster Coalidor Neal Atf Tay West Germany San Antonio UPD Titt John A. Herrington Mel Hearne Santa Monica Calif Herrington Air Force Love Tan Muck Kelly Air Fortec Laido Fy Elis County Hearne Janesynnion Jr Herington

Deadline on Baby Near in Scotland Dilemma

In Uddingston Scotland a tenacious family faces a 24 hour decision whether to return 19 month old Margaret McKeown to New York for life saving tumor surgery. Doctors warn removal may save life but cause blindness. Parents weigh death versus permanent blindness as they consider the child’s fate.

Ubdingston Scotland Fonts Raturies Ish Howe New York Mir Matthew Mcpeeown Margaret

Big Atlantic Storm Reaches Northward Off East Coast

A powerful Atlantic storm, centered about 200 miles southeast of Hatteras NC, drove 50 mph winds and caused coastwide damage as it drifted northward. Severe beach erosion and calls for federal aid arose from Jacksonville Beach to Brunswick GA, with record cold and heat marks also reported across the Midwest.

Hatteras, North Carolina Island of Hatteras Virginia Capes Florida Jacksonville Beach Flas Brunswick

Tides and Temperatures Forecast for Sunday December 2 1982

Weather data show sunrise at 7:41 am and moonrise at 4:49 pm with tides at 10:02 am and 7:28 pm. Water temperature 69 and sea calm per Long Beach Lifeguards. Friday’s weather statistics reference.

FOS Fan Swiset Jiaan Manasel U.S. Coast and Gendetic Survey Long Beach

iPlans Talk With JFK on Revitalizing Alliance for Progress

Ex president Juscelino Kubitschek said Friday night he will travel to Washington to confer with President Kennedy on means of revitalizing the Alliance for Progress program. The talks aim to renew momentum and strengthen ties with Latin American partners.

iPlans JFK Rio DE Janeiro UPN Juscelino Kubitschek Washington Kennedy Alliance For Progress Iait

State Board Pushes Higher Public School Aid and Funding Reform

The California State Board of Education urged the Legislature to boost state aid to public schools and to equalize financing at the county level. It authorized the Department of Education to draft bills broadening school funding methods, while reserving the right to seal them at the next meeting. The board rejected a statewide 20 cent junior college tax but approved increasing the foundation program from 544 to 600 dollars per unit of average daily attendance.

San Francisco State Board of Education State Department of Education Department of Education SEC

$3 Million Goods Lost in Dutch Fire

A Rotterdam harbor warehouse burned in the largest fire since the 1940 German bombing, destroying more than $3 million in goods intended for diplomatic use. The blaze began at 7 am and was under control after about five hours, consuming millions of cigarettes, thousands of gallons of liquor, and hundreds of tons of clothing. Over 150 firefighters fought the flames across 6,000 square yards with water mains and hoses, with two injuries reported.

Rotterdam UPI Jas

Suffragist 85 Dies in New York Hospital

Mrs Rosalie Barrow Edge a staunch conservative supporter and pioneer woman suffrage advocate died Friday in a New York hospital.

New York Rosalie Barrow Edge

Also Mentioned on This Page

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