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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
May 12, 1962
Page
2
The piece discusses a bearish market tone amid political and economic pressures, noting a selloff in utilities creating a buying zone with improved yields. It cites steel output declines, government policy hopes, and a mixed outlook for equities with some utilities showing dividend support and potential upside if a reversal occurs.
A garbled financial piece cites Congressman Richard L. Roundebush and discusses federal, state, and local tax burdens, market downturns since 1929, and stock index swings. It references inflation, war years, and various securities brands, listing many firms and funds in a dense, OCR-heavy wall of text.
Eugene Speicher, 79, renowned portrait artist and founder of the Woodstock Art Colony, died Friday in Woodstock New York. The longtime figure in American art helped shape the regional art scene and his passing marks the loss of a noted cultural contributor.
Western officials say Seventh Fleet officials plan to bolster Laos region with combat units for rapid action if needed. President Kennedy, Vice President Johnson and top aides discussed a possible forceful response while diplomacy seeks Soviet cooperation to halt fighting in Laos and neighboring areas. Rebel movements threaten Vientiane and Luang Prabang as Myushin transports rush troops to frontier areas.
Washington hearings into securities sales resume as Harold L. Bache of Bache & Co. defends firm noting brokers and applicants should be fingerprinted to curb past misconduct. Investigators press for closer scrutiny of employees and ethical standards amid scrutiny of the Seattle office.
Blough tells Business Council leaders in Martinsburg area that the administration’s tax relief plan and depreciation changes aim to boost investment while Kennedy signals cautious support. A council committee to aid deficit and payments issues may form at the President’s urging, with Blough noting a private White House chat since April 14.
Washington observers watched the Armed Forces Day program at Andrews Air Force Base as all services showcased gear and personnel under the Power for Peace theme. Army special forces rehearsed behind-enemy lines, Marine fliers staged an atomic attack, and Navy exhibits spanned vessels and history while Air Force and Navy aerial teams dazzled crowds with jet maneuvers. International participants included the Royal Canadian Air Force as well as the Golden Hawks jet team.
Funeral service for Mrs Emma Mottman will be held Monday at 1 pm at Christensen-Pine Mortuary. She lived at 5291 EL Broadway Long Beach and died Thursday. A longtime real estate worker and LA schoolteacher, she taught 30 years and retired in 1946. Survivors include two daughters, three grandchildren, and three great grandchildren. donations requested to the Long Beach Society for the Hearing.
A stained page lists numerous death notices with names, ages, addresses, surviving relatives, and funeral details. Entries include POWARS-Floignee M at 600 Paradise Lane with a Monday service, and Naomi L at 429 W Eighth St with a private service, among many others with dates and morgue or funeral home references.
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