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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 09, 1962
Page
2
A historian style market note discusses volatile sessions with nervous churning and divergent retracements. It notes eager buyers and selling pressure on both sides, the Dow Jones finishing with a modest gain, and a view that a base build and summer discounting could push higher prices later.
A 1961 62 analysis discusses Litton Industries as an outstanding growth stock with convertible bonds priced around 160 through April 4 1972 and potential upside from recent acquisitions. It notes earnings for the year ending July 31 near 3.25 per share, a lower price earnings ratio around 30, and mentions leadership by C B Thornton and Rudy Ash.
Nixon aids say right wing momentum has not grown but organizational strength increased in a decade. They predict party factions unite behind Nixon to defeat Democrat Edmund G. Brown in November. They expect Birch Society members may withdraw or be reconciled before the Sacramento platform meeting in August.
Whitaker, a former U N Korea recon official and VUNC radio staffer, denies plotting against the government. He says CIA pressure pushed him to leave Korea, while U S Army officials arranged his return aboard an Air Force flight after a sudden ouster that left his household items behind. He claims he faced years of military regime hostility and insists he had no involvement in any revolt.
The Army will petition the Food and Drug Administration to permit irradiating bacon with a nuclear dose. Lt. Col. William B. Levin said the summer submission would seek approval after $15 million in research. The U S trails Russia and Canada in food irradiation, with Russians and Canadians already eating irradiated potatoes. Petitions to irradiate other foods will follow.
A devastating blaze at the Flin Flan Hotel in Flin Flon, Manitoba, left two people dead and 111 unaccounted for. Fire crews battled the 80 room establishment as the building burned, with officials launching a full search for missing guests and residents.
Review of a UCLA Royce Auditorium event featuring two Argentinians, Plecce, performing Circuses and Para el Payaso, plus Stravinsky and other pieces. The program highlighted Castro’s Suite Introspectiva and a standout interpretation of Debussy? No, Deibussy noted. the Walton concert closes the Los Angeles International Music Festival with Takeb, Gimbes, and Roger Wagner Chorus.
In Derry New Hampshire a large crowd greeted Navy veteran and former astronaut Shepard on his return to his birthplace after more than a year since his retirement. The cheering townspeople reflected enduring local pride in his achievements and the state shared in the celebration.
Los Angeles report notes Assemblyman Joseph C. Shell will confer with Richard Nixon after Nixon won the Republican gubernatorial primary. A Shell spokesman says Nixon will call next Thursday to arrange a meeting amid plans for Nixon’s general election campaign.
In Los Angeles, the Trustees of the California State Colleges Friday denied LA State College a request to establish a glass blower job classification within the state education system. The decision ends the effort to create a dedicated position in the college system.
A partial audit of the estate of Charles E Wilson, former GM president and defense secretary, reveals major holdings including 84,700 shares of Texas Eastern Transmission Corp valued at $1,376,366 and other stakes. The total stock value cited is $2.5 million with a $5 million figure referenced, plus life policies around $750,000. Most of the estate reportedly goes to Wilson’s widow Jessie Ann, with bonds and property also listed.
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