Market outlook hints at Dow theory buy points and volatility
Week's trend shows futures testing November lows with a potential break below key angles. Analysts cite Dow Theory signals, possible four buying points on volume, and a seasonal rally in doubt amid Vietnam war tax fears. Stocks like Xerox IBM and SLI Corp rise on sharp recoveries, while overall market remains precarious.
MENTIONED IN THIS ARTICLE
Vietnam
S&p
Cent
Xerox
Suli
Tyon
Louisiana Land
Howinel
Con
IBM
Etay! Corp
GCA Corp
Mek
Laboratory
Electronics
Dist
Ney
Raytheon
Two Convicted of Swindle in Pasadena Case
Two men were found guilty of swindling the Pasadena Investment Co. of 47000. Tra Mi Sachs and Charles L. Wall were convicted on one conspiracy count and six counts of grand theft. Samuel A. Longo of Garden Grove and B Gordon Ter of Torrance were found innocent. Sentencing set for Jan. 27.
MENTIONED IN THIS ARTICLE
Los Angeles
Pasadene Investment Firma
Tra Mi, Sachs
Charles L. Wall
Samuel A. Longo
Garden Grove
B. Gordon Ter
Torrance
Superior Court
Acihus K. Marshall
Pasadena Investment Co
Joans
Market Ends Mixed as Tax Selling Weighs on Year End
The market closed modestly lower with a weak start and little rally, the Dow Jones Industrial Average near the lower end of its recent range. Declines were led by tax loss selling while volume in rails showed some strength, keeping overall indices at risk ahead of year end.
MENTIONED IN THIS ARTICLE
Dintones
Ugher
Dow-Jones
Signal Bid to Douglas Extended
Signal Oil and Gas Co extended its bid to invest 100 million dollars in Douglas Aircraft Co for two weeks, until Jan 13, per a Los Angeles source. The plan would issue five million shares of new 6 percent preferred stock convertible into Douglas common, potentially giving Signal up to 29 percent of Douglas, with board control possible if accepted.
MENTIONED IN THIS ARTICLE
Signal Oil and Gas Co
Douglas Aircraft Co
Los Angeles
Sina & Pioneer
Douglas
Santa Monica
New York Times
Signal
Lignal
Douglas Common
Tne
Douglas Temmon
Tonglas
Oilfe
Ation & Acon
Ambeth
Corp 9
Argonaut Ins Co
Vital Anchor Corp
Isidiang
Jorrison Knwdser
Dave
Arrowhead Fucit Ie
Jaye Praerectarine
Liam i
Nelman Marcus
Eng
Avery Lora
Svs
Aster OU & Gas
Babcock Electron
Ma Cent Airlines
Stida Faeralin
A. Ay Barnes Hind
Cons, Inc
Creanamine
Gmark Indus
Gund Aner Co
Ava
Berkshire
Waal
Mes
Oregon
Pans
Pans! Brewing Ae Dily Ido
I Packer Bastuine
Bon Idlia
Paccmplenbean Ioe
Glen Falls
Aive
Besian Conite
Pac Cutdoarauy
Ana
Basie
FaNa
Catatochens
Pauley Ingen Lima
Winns
Bethane Muli
Farevsan Ela Liae
Feriang
Hyweil Poneel
Etmane
Eugvals
Potaen Co
Ovislsne & Sra
Cannon Mills BT
Mercurytas
Babes
Redcar
Vance Eat Deltl Revell, Inc
Ste
Siniegs
Cowal Co
HelSeemideen
Port Brovie
Comsot Rack
Teast A Abale
Cavanet
Wayne Enén
Saraun
Alan
Leeds
Glusina Breas
Bita
Sally
Data Products
Mobil
Serra Pac
Bena Lucheninch
Seattle
States
Marine Line
Yakahna Ier
Travelers
el Pingnen
Serra
Hid
Ayitena
An Bega
Fhilippineries
Jen
San
Ene Nanth
Rickson Electron
Ivasimon
Schuster
Groortth
Marional Securides
Pavimar Loneview
Arooklyn
Cimarron
Digitek Corp
Shouse
Stunlay
Ene Borgias
Trang Clan Urorga
Eanes Harber ‘Bont
Beane
Stthareumard
Mor
Ta Transattan
Sniovard Chester
Wilshire
Bocommunine Wifatgorn
Haallne
Assoe
Tarfaeld
Yokohama Mltvi
K Lind Ja
Yokohams
Rehuth Wan
Bradstreet
Gag Rm Hogy
Wentera Fur Et Rr
Taroma Sitwall Co
Tan
Yokohama
Byngaiie Bankrre
Indus
Sic
Loring Siewtt Ge
Dong Kateri
Gek
Vancouver
Shem Fein
Air
Fu Glaser Bros
Bern Ge
Ieridne
Willian
Ibert Vitis Lay
Waly Ting Clan
Cam Rahn Bay
Estou Harber Gost Tai Notelly
Boveri Fa Hane Oman
Qosanta Beh Pac Cal Eat Co
Ls Evans Baily
Franklin
Peontes
Ser
Oliver
Olson
Ditea
EXEC
Hanover
Uaaupmnann
Mar
Sonnara
Fechiter
Beane Gees Cuaranty
Fed Mart Coro
Swankae
Bagi Guird
Alee Bineel
Tamar Lee Inc
Din Newldes Gia
Brovlient
Bare Ann Pears
Vie Fey
Ala Caglurytank
Pee Cephal Corp
Yeasel
Henderson Yi
Nava Ciy
Jon Carl Pac
Neaene Allee Brown
Rhtan Indys
Ut Research
Bancorn Heaba Igenere Brewing
Orginal
Andua Pures
Tie Yee Gromcal Slack
Vida
May Bassik
Cntiain Deena
Cumsin
Green Point
Orleans
Inermaties Inc
Steadman
Havellen
Aeris
Honotuly
Nt Phere
Ney
Btn Usilar UK
Ulan
Reo Funds
Huntsland
Nealey NB
Philage Beineee
Hess
Sitnis
Walich
Menciete
Magrc
San Fran
Yacen Nas
Bein Ae
Oneur Invest
Coprem
Elas Point
Yoko Reece Hanis Mamanies
Ion
Valley
Eld
Juroensen Grovery
Herbig
Eats
Ng Ban
Atarty Maersk
Siah
Tay
Parsany
Cora
Shah Mansal
Ivy Waele King
Vetory
Fei Oakland Palle Piers
Ieee
Nereuth
Binet
Bay Wineneil Banat
Bnet
Lee Sik
Fang
Connate Arena
State budget surplus seen by champion
Sacramento State Finance Director Hale Champion predicts a 150 million dollar surplus at the end of the current fiscal year. He notes outgoing Controller Alan Cranston’s report indicates a surplus rather than a deficit, with Cranston forecasting a 220 million dollar general fund shortfall for 1966 absorbed in 1967.
MENTIONED IN THIS ARTICLE
Sacramento
Hale Champion
Champion
Edmand G. Brown
Democétic
Alan Cranston
Imade
Cranston
Birt Cranston
Pacific Coast Exchange Trusts and Listed Companies Boardroom Notes
A dense listing shows investments including Pacific Coast Exchange and related trusts with numerous banks and brokers presenting holdings. The column references investors and firms such as Argonaut, Mayfair, Berkshire, and Union funds alongside various industrials and insurance interests in a sprawling securities panorama.
Water Chief Joins Firm
SACRAMENTO William E Wante named as an official of New York based Development and Research Corp He will be the top water resources official for the firm The move follows his prior role as water resources director at the state agency and involves a $2 billion Alameda project resignation of Chester R Bartalini leaves an unfilled post
MENTIONED IN THIS ARTICLE
Sacramento
William E. Wante
Hse
New York
Ware Willer
Development and Research Corp
Eee
Tetenereee
Warne
Lee
Brown
Ciie
Bay
Chester R. Bartalini
Alameda
Dockers in San Francisco gain 1200 windfall from automation pact
Longshoremen from Los Angeles to Vancouver receive extra pay as part of a 13 million fund created under a five year contract between shippers and Harry Bridges' ILWU. Automating equipment on the waterfront prompted the payout and retirement incentives, with about 3,000 workers getting extra pay.
MENTIONED IN THIS ARTICLE
Wesley Farrell
San Francisco
UPI
Harry Bridges
International Longshoremens and Warehousemens Union
Pacific Maritime Anso Elation
Los Angeles
Vancouver
Social Security Tax Rise Faces Workers
Tax increases take effect January with rates rising from 4.2 to 4.4 percent and a maximum personal payment of 250.40. Larger medical care funding is planned, with $9.90 allocated for medical care from the January increase. Other tax rule changes include higher withholding adjustments and deductions for seniors, plus rules for self employed and estimated tax payments. The measures aim to boost Social Security benefits, including elderly medical care.
MENTIONED IN THIS ARTICLE
Washington
al Boy
Euuen le Pauli
Teus
Walker
Ins EU
Plover
Brown Appoints College Trustee
SACRAMENTO AP Edward Lee of Oakland was named by Gov Brown as a trustee of the state colleges in one of his final acts Friday.
MENTIONED IN THIS ARTICLE
Sacramento
Edward ©. Lee
Oakland
Brown
State Cillages
Auto Union and AFL-CIO Split Becomes Open Rift
United Auto Workers denounces AFL-CIO policy and accuses the federation of clinging to the status quo. Leaders Welter Reuther Emil Mazey Leonard Woodcock and Pat Greathouse say the UAW will air disagreements publicly while denying any immediate withdrawal.
MENTIONED IN THIS ARTICLE
Auto Union
Afl-Cio
Detroit
United Arts Workers Union
UAW
Federation
Aml-Cio
APL
TAW
Welter Reuther
Emil Mazey
Leonard Woodcock
Pat Greathouse
George Meany
Reuther
Jeter
Free Labor Movement
Iis
Commonwealth Club Secretary to Retire After 42 Years
Stuart R. Ward of California retires New Year’s Day after four decades as executive secretary to the Commonwealth Club. The 12,000 member forum and study group notes his intimate association with the organization and its activities.
MENTIONED IN THIS ARTICLE
Commonwealth Club
Francisco
Stuart R. Ward
Fairy
Commonwealth
Chih
California
Eal
Ye An
Also Mentioned on This Page
H, DE LA Chapelle
Pate, ‘Wotbrr
Jackson & Curtis
Wise
Steel No
T and Jones & Laughlis
Lukens
Amerada Ducks
NASA
By Newton D. Zinder
Pacific Coast
Exchange
Water Chief
Happy Longshoreman
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