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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 23, 1962
Page
6
Nationally known Southern California manufacturer seeks two part time industrial engineers with experience in machine shop time study methods and setting standard hour rates. Ideal for retired men desiring several days per week on a contract basis. Send resume and background, replies confidential, Box A-075, Independent Press Telegram, Long Beach, CA.
The First Boston Corp after preferred dividends and fees quotes $1.34 per share for 1.5 million Edison Co shares, with proceeds to repay about $41 million in bank loans. Operating revenues for the year ending Oct 31 1961 were $327.353 million, net income $353.065 million, amid typhoon damage and Lusitania reference. No casualties noted.
The piece notes the Dow Jones averages rising from 112.77 in 1942 to 269.86 in 1952 and 724.71 in 1962. It argues profits require courage more than intelligence and warns new investors to be cautious when the market nears lofty levels as rapid declines test confidence.
The article critiques stock buying habits emphasizing income reliability over high risk. It warns against blind purchases of high priced common stocks and praises preferred U.S. Steel and IBM notes while recounting a young investor’s misjudged $3100 IBM bet and a $500 potential gain myth. It urges prudent investment strategies and cautions new investors about pitfalls.
A fragmentary list shows multiple permits and contractors for alterations and additions at various properties. Names include George Kahrs, Chesley G. Anderson, Allis Construction Co, Prelan & ASO, and R. Crooks & Son. Addresses cited include 619 Here and 1760 ark with sums such as 4400 and 1000.
Rescue workers in Clearfield Pennsylvania press on with the cold, weary task of uncovering a caved in club house in an abandoned clay mine where two boys, Larry Husted ten and Wesley Lowe thirteen, are believed buried. After a week of fruitless efforts using miners, frogmen, bloodhounds and dynamite officials hold little hope they may be found alive.
Market notes indicate mixed activity with modest gains and commissions affecting prices. The readable fragment references a 40 cent shift at a tower location and mentions Hayidation and a trading context without clear specifics.
Fragmented OCR notes show a Treasury report with a January 18 1982 date and a total debt figure near 16.83 billion dollars. Several scattered amounts include 197,081 450.51 and 80,005 with missing context. The text is garbled and hard to interpret.
Fragmented OCR text shows scattered phrases about markets, bonds, and chants with references to York Chicago and general market mood. The readable parts hint at financial terms and tones but lack coherent events or clear entities to form a solid summary.
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