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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 23, 1962
Page
3
The article discusses global stock market uncertainty driven by big government spending and deficits. It notes European bankers’ worry over U S fiscal discipline and potential devaluation, with central banks' cooperation easing deficits. It cites Zurich prices and London market context, framing a cautious low New York outlook.
Near term signals show little shift in market direction with breaking 533 DJ triggering a possible 525 to 513 range. Volume remains the lone positive indicator, with a 12 day peak of 79 million shares on 6 4 and a recent pause, while a circuit of financials and industrials paint a cautious scenario as profits forecasts rise only gradually.
The commentary notes the Dow Jones Industrial Average breaking its intraday and absolute lows after a volatile trading session. It suggests that a move into the 550 to 560 range could signal a base forming, with analysts differing on timing and strategy.
In New York City Bellevue Hospital surgeons abandoned a three hour attempt to rejoin a severed forearm after a Hart Island workhouse prisoner was rushed in with the limb. The operation began at 10 50 p.m. as doctors tried various techniques to restore circulation to wrist and hand but could not save the arm. The man, William Anthony 41, was attacked in a kitchen and had his arm hacked through with a 12 inch knife. The incident occurred amid market reports and inconsistent odd lot trading data echoed elsewhere.
Mrs. Lu cille Rogers Von Linde, 52, left an estimated 150000 estate to her husband Dr. Manfred Graf Von Linde, married thirteen days earlier in Wilton. Two named receivers died, and Estelle F. Sophian of Mission Kansas sues to annul the marriage on fraud claims claiming he posed as a German count.
INDIANAPOLIS Indiana Democrats nominated State Rep Birch E Bayh Jr of Terre Haute for US senator on one ballot at their state convention at the Indiana State Fairgrounds Friday. Capehart was renominated without opposition at the Republican State Convention Tuesday. Capehart is 65 years old and Bayh is 34.
In Clarksville Arkansas traders debate which low should be preferred as a closing price amid a volatile market. One picker favors the lower acted price due to authority concerns while another notes potential rallies if a truck theft story fades. Stakeholders discuss overhauls and price expectations amid unsettled trading.
Houston police searched for an infant abducted from a Lockwood Hospital crib late Friday. The boy, born Thursday to Mr. and Mrs. Alguit Palm, was in the surgery unit at the rear of the single story hospital. Nurse Emma Lee Jackson said the parents had not been told of the loss and Mrs. Palm was in fair condition after a cesarean delivery.
A 24 hour walkout by printers and editorial staff halted Saturday afternoon papers and Sunday editions in Italy. Metalworkers unions representing auto plants, steel mills, shipyards and other heavy industries called out about one million workers in privately operated plants for a 24 hour strike.
Senate and House appropriations clash over a 660 million supplemental bill and 277 million in contingency funds. Senate leader Mansfield warns the dispute could mock the nation as Congress fails to approve any money measure by July 1. Deliberations focus on who origins budget bills and who chairs conference committees as payless paydays threaten federal agencies and defense contracts.
The Daily Mail claimed the Court of Appeals correctly awarded custody of Grant Gibbins to Alfred Gibbins, father, with the boy to be raised as English. The paper mocked an American upbringing, predicting a lack of English reserve and reluctance to accept limitation.
Secretary of State Dean Rusk concluded a 26 hour stop in Rome after Bonn and Paris sessions. He met President Antonio Segni Prime Minister Amintore Fanfani and Foreign Minister Attilio Piccioni to discuss NATO Common Market and Berlin issues in what was Segni's first direct contact with a top American policy maker since his election. Segni had previously served as foreign minister and was well acquainted with Rusk.
Rudolph Bannow, 65, former president of the National Association of Manufacturers, died at his Bridgeport home. He led Bridgeport Machine Co. and was in his office Friday. Funeral service planned for Monday.
In Guanabacoa near Havana two militiamen were shot late Friday night. Manuel Aneiro died on sentry duty while another militiaman was gravely wounded after gunfire from counterrevolutionary elements. Hospital officials reported severe injuries.
WASHINGTON UP1 Kennedy bid a personal farewell to 292 volunteers bound for teaching medical and construction projects in 17 African countries. In Virginia, the Orange County Hunt released foxes imported from Iowa, a charge later forfeiting a $50 fine in county court. Also reported: Philippine president to visit Spain and Italy to promote relations. Florida Turnpike Authority urges belt use during July travel. fox bounty policy discussed.
Katmandu at Namche Bazar helicopter rescued Tufts philosophy professor Sayre and three other climbers suffering exhaustion after wandering near 43,060 feet. Sayre, 42, says all are well and being examined in hospital. Norman Dyrenfurth, an American climber, aided the party on site.
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