Market trends warn of potential downward shift in 1968 trend
Following a mixed week, Dow Jones components face renewed pressure as General Motors cuts car output and a heavy selling wave drags major indices to year lows. Analysts note tumbling volumes and divergent signals among averages, with only the S&P showing relative resilience amid a broader bear-bias narrative.
MENTIONED IN THIS ARTICLE
Y.S
Xerox
Admiral
Motorola
Magnavox
Texas Instruments
At&t
Washington
General Motors
Viet Nam
Richard Russell Lin
Dow
Kodak
Harvester & Nickel
General Foods
General Tutors
General Electric
Goodyear
International Paper
Generall Motors
Dow Jones and Market Signals Bulk in Panic Decline
The Dow Jones averages closed Thursday higher than March levels but still suggest a fragile market. Analysts warn that further losses could push the index into a sharper tumble unless a technical rally materializes amid an oversold state.
MENTIONED IN THIS ARTICLE
Jones
Cavell
Roan
Prd
Lid Inc
Cat 'Yex
Reams
I Mit
Vacca
West
Han She
Wsdona
Asgotiniyn
Sh Securit
Pune Uielins Zeseingowac
Elny Ff
Indica
Insco Wwandor
Ecu Fundamerica
California ports close to two red Soviet trawlers
Off northern California coast near Drake's Bay Coast Guard keeps watch as 300-foot Chemjakhovski and sister ship Skrypley face entry refusals to enter San Francisco Bay or Drake's Bay for repairs or to transfer supplies. Adm Knapp cites national interest while Gov Brown warns of potential federal intervention.
MENTIONED IN THIS ARTICLE
San Francisco
UPT
U.S
California
Coast Guard
Chemjakhovski
San Francisco Bay
Skrypley
Drake's Bay
lCommando
Point Reyes
Drakes Bay
Adm. C. C. Knapp
12Th Coast Guard District
ADM
Knapp
Secretary of the Treasury
He Security Council
Chernyakhovsk
Richard Snover
Pacific Coast
Oregon
San Diego
Edmund G. Brown
Dean Rusk
Washington
U S Business Group to Hold Paris Talks
Former Treasury Secretary C Douglas Dillon leads a delegation of top American business leaders including Roger M Blough of United States Steel Fred Gorch of General Electric Thomas S Gales of Morgan Guaranty Trust Albert L Nickerson of Socony Mobil Oil and Juan T Tripp of Pan American Airways as they depart for Paris for talks with French business peers.
MENTIONED IN THIS ARTICLE
New York
Treasury
C. Douglas Dillon
Paris
fPrench
Roger M.blough
United States Steal Corp
Fred Gorch
General Slectric Co
Thomas S. Gales
Morgan Guarantue Trust Co
Albert L. Nickerson
Socony Mobil Oil Co
Juan T. Tripp
Pan American Airways
GM to decide Monday on resuming plant cutbacks
GM will decide Monday whether to resume production cutbacks at several plants. Chevrolet in Tarrytown NY will shift to a four day week, Corvair engine line in Tonawanda NY to three days, and Rochester NY component plant to temporary layoff as managers plan the next moves. The company claims 23 plants would run normally Monday, with no details on future operations.
MENTIONED IN THIS ARTICLE
General Motors Corp
Hinge
United Auto Workers
Chevrolet
Tarrytown
Tonawanda
N.Y. Weld
Erate
Rochester
Nly
New York
Ford Motor Co
Ameritran Motors Corp
Chrysler Corp
Abe Sandler Funeral Set for Monday
Abe Sandler a 68 year old former Long Beach merchant and Jewish layman died Friday in St Marys Hospital He came to Long Beach from Milwaukee in the 1820s and was a retail and clothing merchant He served on the Mayor s Advisory Committee and was past vice president of the Independent Businessmen s Association Surviving are wife Peggy at 1811 St John Road Leisure World Seal Beach son Mare Min daughter Beverly James brothers David H and Ervin Hy sisters Rose Dressner Ann Rosenthal The funeral will be Monday at 2 pm at the Home of Peace Cemetery Los Angeles with Mali Snow Silverman Mortuary in charge
MENTIONED IN THIS ARTICLE
Abe
Sandler
Long Beach
St. Mary's Hospital
Milwaukee
Independent Businessman's Association
Peggy
St. John Road
Leisure’ World
Seal Beach
Mare Min
Beverly James
David H. d
Ervin Hy
Rose Dressner
Ann Rosenthal
Peace Cemetery
Los Angeles
Mali
Snow & Silverman Mortuary
Bank of Long Beach Opens in New Building Ceremony
The Bank of Long Beach opened Friday at 420 Long Beach Third, a $1.5 million independent national bank occupying 8,000 square feet in the new Bank of Long Beach Building near Long Beach Boulevard and San An Halo Drive. George A. Hart Jr. and Robinson A. Reid presented a gilt-painted key to Mayor Edwin W. Wade as civic leaders and bank officers gathered for the ceremony. The 13-member board, chaired by Hart, includes Dr. William Ballhaus, Burns, Maurice Carl, George S. Denbo, F. A. Hagelerg, J. S. Jacobs, BD. 1, Marla, M. A. Nishkian, Wade, Henry VW. Clock, and Herman H. Ridder, with Robert A. Basham as vice president and cashier.
MENTIONED IN THIS ARTICLE
Bank of Long Beach
Bank
Southland
George A. Hart Jr
CIA
Robinson A. Reid
Edwin W. Wade
Reid
Long Beach Tird
Bank of
Long Beach
Long Beach Boulevard
San An Halo Drive
Te Bank
Long Beat
Hart
William Ballhaus
el Burns
Maurice Carl
George S. Denbo
F. A. Hagelerg
J. S. Jacobs
Marla
Mass
M. A. Nishkian
Edwin We Wade
Henry VW. Clock
Herman H. Ridder
Robert A. Basham
Sugar Failure Puts Castro in Tight Financial Spot
Washington reports Fidel Castro faces a cash squeeze as Cuba’s 1966 sugar harvest falls short of goals. Castro says drought caused the decline, while analysts cite mismanagement and rainfall gaps. World sugar prices have tumbled since 1963, influencing Cuba’s hard currency outlook amid Soviet and U.S. pressures.
MENTIONED IN THIS ARTICLE
Castro
Washington
Fidel Castro
Cuba
Havana
Pickets Protest Film At Memphis Theater
Ku Klux Klan members in robes carried signs and picketed a Memphis theater Friday night where a film depicted a young Black man aiding a blind white girl.
MENTIONED IN THIS ARTICLE
Memphis
UPI
Ku Kine Klansinen
Pork Buying Policy Shift by Pentagon
The Defense Department reversed a prior order to cut hog and pork purchases and announced an imminent increase in pork buys for feeding troops. Secreteries McNamara and Freeman cited falling pork prices since January and said the reversal will take effect soon after a review by Defense and Agriculture Departments.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Defense
Robert S. McNamara
Orville J. Freeman
Continental
United States
Armed Services
Pentagon
Defense and Agrculture
Midwest
Mart's Loss Worst Since May 1962
New York stocks faced the steepest weekly loss since May 1962 with the Dow dropping sharply before GM announced a resume of normal operations. The Dow ended down 30.85 for the week at 902.83 as the Dow and AP average hit multiyear lows amid federal officials’ inflation concerns.
MENTIONED IN THIS ARTICLE
New York
General Motors
Dow
Associated Press
Wall Street
Litterer Prefers Cleanup to Jail in Michigan
In Traverse City Michigan Bradley Bowman aged 15 chose to spend eight consecutive Saturdays cleaning up litter rather than serve a 30 day jail sentence. He made the decision after authorities offered the choice following a minor vandalism incident. Bowman will perform community cleanup duties under supervision and report to a local work program.
MENTIONED IN THIS ARTICLE
Traverse City
Mich
Bradley Bowman
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DE LA Chapelle
Newton
Zinder
Standard & Poor
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Markune
Calif
Ralibond
Alice Hibs
Hee
Monarch
Erwantz Rational Fire
Esmouserwwat
Gewih
Union Fire
Jennnen Mills
Reperisan i
Wavesta
Jeane Teen Indis Beciteel Hall AC
Mat Asf Mersignal Securitien
Trenton
Frasklin
Gustecian
Ritenville
Ruther “Co
Potiz
Riolread Bannstayana
Gonds
Soviet Union
Aerospace
Robert J.ean
Corman
Nein
Nedi
Will Price
Eld
Nat
Iverin
Uae
McCloskey
Ehfiter
Sarague Blecco
Shanley
Fiat
Turmeseeet Birra
Tarren Co
Terennegh
Peon Ranch
Agre Chernicaty Saisetiin BS Ferdine
Equity
Dehnum Taut
Amer
Yada Acca
Tata
Neds Hee
Nate Kelwood Co
Ie West Publishing
Araemis
Isi
Strane
Roblnson A. Reid
G.M
Ward
Automotive Reports
Abe Sandler
Ju.s
New Bank
L.B
Stpar
Caribbean
Moscow
China
Sormett
Vpaliticat Ady
Mart
Rew Manhattan Mutual Fund
J. D. Dulaney & Associ, Inc. Investment Securities
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