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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 02, 1958
Page
7
Adlai E. Stevenson denounced the presidential primary as almost useless noting it rarely binds delegates, wastes time and money, and can destroy candidates. He recalled his twice winning nominations in 1952 and 1956 while criticizing varying state rules and the burden on voters.
Dr Daniel Laszlo internationally known cancer expert died Sunday at age 55. He last year led research showing how Strontium 90 can be eliminated from the human body. The obituary mentions his strain on physical energy and includes quotes about hearing loss and promotion of Beltone hearing aids with a free demonstration and test. Local quotes reference TV appearances and public figures.
The Securities and Exchange Commission ruled Bellanca Corp common stock no longer tradeable on the American Stock Exchange for violation of federal investor protection rules. Trading suspended since the SEC began probing more than a year ago. Bellanca's peak reached 30.50 in 1955, later dropping to about 2 a share. The order withdraws registration effective next Sunday, moving trading to over the counter. The commission faulted management led by Sydney L. Albert for lack of independent control and numerous insider transactions.
Sweden's Socialist government gains after Sunday elections reversing a decade trend. The party picks up seats in parliament as welfare policies endure with Old-age pensions already among the world's highest and set for further increases.
Prime Minister Tage Erlander, in office since 1946, stated the Socialists would govern in the 231-seat Riksdag despite being three seats short of a majority. The election focus centered on whether Sweden would pursue a right to work policy amid the government’s fragile support.
In Los Angeles supporters claim they secured enough signatures to place the right to work measure on the November ballot, with a Citizens Committee spokesman declaring they are "over the top" for 322,429 valid signatures. London reports five years since Queen Elizabeth II's coronation and a 41 gun salute mark the occasion. The piece also notes European party seat changes and a high voter turnout of about 76 percent in a related tally.
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