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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 12, 1961
Page
5
A fragmented OCR text fragment contains mixed words and numbers relating to places people events and items but no coherent news item or readable summary. No clear individuals organizations dates or locations form a reportable event.
The New York Stock Exchange faced a sudden upheaval as Edward T. McCormick resigned as president after leading the exchange since 1951. Michael E. Mooney also stepped down. SEC says it did not request resignations, while the board named Joseph F. Reilly acting president pro tem. The event follows a prior SEC probe into the Re case and broader market scrutiny.
Theresa Barrasso, 29, of Belleville, a Hillside Loan Co. employee earning 82.50 weekly, confessed to stealing from $200 to $1,000 weekly over five years. Police say she bought gifts for herself and others, including two 1961 cars, a $11,000 cabin cruiser, and $3,000 in jewelry. She told company officials after fearing an audit would reveal the scheme.
Caracas Venezuela government says it can offer absolute guarantees of President Kennedy's safety during his visit this week. Spokesman Carlos A. Perez stated workers farmers and businessmen will fill the streets to welcome the US president and that nothing will mar the visit.
President Balaguer in a radio broadcast charged the Organization of American States with coercion and interference in the Dominican Republic crisis. He noted sanctions remain until the government and opposition agree on a solution, while crowds outside demanded his removal and police used tear gas and noise bombs to restore order after a student was wounded.
The body of Roger Frappied, 47, of Canoga Park was found in the snow along a high mountain ridge after his single engine private plane disappeared en route from Bakersfield to Van Nuys. The wreckage was located about 200 feet below the Hoyland Summit near Highway 99.
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