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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 07, 1966
Page
12
Daily market notes show mixed closing prices and widespread activity as investors query sector performances. Large caps and industrials appear active with varied turnover. grains and bonds list notable movements.
William A Doyle explains bearer bonds are disaster if lost or stolen. The owner bears risk as coupons can be clipped and cashed by any finder, thief, or new holder. Registration provides some protection but loss still creates costly procedures to replace and prove ownership.
New York traders sent the market higher while General Motors drifted back from early gains. Rivals surged, led by Magnavox, Zenith, IBM and Xerox with steady advances, as investors weighed news from a directors meeting and hopes for stock splits or dividends. An investment club asks about timing strategy, receiving blunt advice on the futility of perfect market timing.
A seven month old Tahitian boy died at White Memorial Hospital after his mother Ephy Bourcari borrowed money to travel from Tal Dili for treatment. Doctors could not repair congenital bile duct absence. The infant had no hope for recovery. Debs Announces Reelection Bid After Birthday Celebration.
New York markets closed with slack gains across indices as the Dow Jones Industrial Average hovered near 89.69, while transport and utility sectors showed mixed results. The week saw declines from prior highs with notable movement in rail and utility stocks and year over year comparisons reflecting broader market volatility.
Standard and Poor's closing indexes list mixed results with the 1941-43 average at 10.425 alongside varied readings for Indus, Ralls, Liiis, and 500. Values fluctuate through Friday, with weekly and monthly shifts noted. Highs and lows across sectors are recorded, including 65-66 and 55.21 to 93.33 ranges.
Governor Edmund G Brown proposes a 1966 67 master plan to develop California ocean resources including fisheries oil minerals and transportation. The plan seeks $100000 for the master study and $272000 for a federal state sea survey to map fishing resources study gear biology and management options while coordinating shellfish and bottom fish programs and oyster crab shrimp abalone techniques.
Senator Wayne Morse of Oregon accused President Johnson of undermining U.N. peace efforts in Vietnam with his Honolulu speech. Morse questioned Johnson’s appeal to the U.N. and urged leaders to reconsider backing escalation and military action.
New York reports that Baseball Hall of Famer Jackie Robinson will join Governor Rockefeller's urban affairs staff this week. The appointment, previously described as a special assistant in charge of urban affairs, ties Robinson to Rockefeller for several years. Salary details are undecided. the funds are not expected from state payroll in 1964.
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