Market Downturn Spurs Caution Amid Mixed Signals
Stocks fell after last week’s dip as breadth, volume, and new highs failed to confirm a sustained advance. The Dow Jones Industrial Average slipped toward support levels while rails and utilities showed differing strengths, with several blue chips posting losses and several secondary issues still showing resilience amid the volatility.
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Federal Reserve Board
Itsj
Occidental
Frolewm
Texas Gulf
Kodak
Canae
Beerl
Y Outlines New Activity in North L B
North Long Beach YMCA pledges a stronger program of activities and a busy spring and summer schedule. Acting secretary Dick Cline denies closing threats after a lagging fund drive but notes sustaining membership reached 11 000 and aims for 15 000. The Y serves California Heights Bixby Knolls Los Cerritos and North Long Beach areas.
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North Long Beach
Dick Cline
Cline
Ins
California Heights
Bixby Knolls
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Stock Exchange Authority Upheld by U.S. Court
Judge Julius J. Hoffman ruled in favor of the New York Stock Exchange and four member brokerage houses, dismissing a Chicago lawyer Haruki Kaplan’s antitrust suit challenging minimum commissions as restraint of trade. The decision, watched by the financial community, centers on whether exchange rates stifle competition.
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Chicago
Quotations Drift Amid Mixed Market Signals Friday
The market shows a sharp decline in price averages with several losses in a row. Analysts see oversold conditions suggesting potential rebound though rapid declines raise caution for a near-term retrace.
Measly Trick Spurs Chickens for Queen Missing in Transit
London officials disclosed that chickens specially dressed for Queen Elizabeth on her Caribbean tour disappeared en route to Jamaica. The cargo ship Tac tician arrived on schedule with the packing but the birds were missing from the royal shipment.
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Jamaica
Tactician
FCC Eyes Blackout Auxiliary News Setup
The Federal Communications Commission weighs a rule requiring wire services and telephone firms to have auxiliary power for emergencies after the November northeast blackout. FCC member Lee Lovinger stated no conclusions yet at Friday briefing.
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APS
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Lee Lovinger
Nan Thee
Reagan Attacks Budget As Flu Hits Campaign
Ronald Reagan, ill with the flu, left his Coronado bed to address a San Diego campaign dinner on Gov Brown's 4.61 billion budget. He called the plan sloppy and wasteful, urged cuts, and joked about a TV series as he cast doubt on funds for programs. Yorty backs Christopher as Republican rival.
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Christopher
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Tribute to Viet Hero Dan Fernandez in New Mexico
Funeral services and a high mass were held in Los Lunas for Specialist 4 Daniel Fernandez who died in Vietnam shielding comrades. Flags across New Mexico flew at half mast as Rev. Francis Schuler extolled courage and sacrifice. Fernandez’s remains were later taken to Santa Fe for burial with a rifle salute and bugler’s taps. Lt. Gov. Mack Easley led official mourning in Campbell’s absence.
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Explosion on Liberian Tanker Kills Two Salvage Workers
An explosion in the tanks of the Liberian tanker World Tempest being scrapped in LA SPEZL, Maly area killed at least two shipyard salvage workers and left several injured. The incident occurred during salvage operations on the World Tempest with authorities investigating the blast.
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Four Industrial District Fires in Wilmington Under Arson Probe
Firefighters battled four industrial area blazes in Wilmington on Friday night and Saturday. Arson suspected in three cases as crews from harbor and northern stations fought fires at Beynis Brothers Hay Co and Debritt Lumber Carrier Service. Large paper rolls and fiber loads burned, with unknown totals. Ray's Foreign Auto Wrecking also damaged by smoldering blaze. The arson squad and Battalion Chief Jack Dangass led investigations amid losses estimated from five thousand to twenty thousand dollars.
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Barbor Division
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Beynis Brothers Hay Co
Pacific Coast Highway
DeBritt Lumber Carrier Service
Bag Company
Debritt
Pacific Rope and Fibre Co
Flint Ave
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Ray
Foreign Auto Wrecking Co
E. Anahemy
John R. Spencer
The Shock of Happiness in Daily Life
A short feature extols how emotions power behavior and suggests simple, universal steps to spark happiness. It cites a wife becoming “shocker” happy and improving self esteem through a basic prescription, promoting Mareh Reader's Digest.
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Mareh Reader's Digest
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East Europe
United States
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