Market Downturn Spurs Cautious Week In Stocks
A broad market selloff presses the Dow Jones Industrial Average to new intraday lows and a weak close. Industrials slump while rails show mixed results. GM Chrysler and Ford auto sales weigh on sentiment amid weak weekly Fed figures, signaling cautious near term outlook.
MENTIONED IN THIS ARTICLE
Mather
Gness
Dow-Jones Indus
Unis Ness
Morelof Uils
Espel
Annie Tigen
Ajpa
Ube Do
Ania Sero
Budd Co
Wasl Industrials
Unruh backs one-house legislature plan
BERKELEY Democrat leader Jesse Unruh urges replacing a two-house system with a single legislature. He argues it would strengthen competition with other government branches and help the party survive as a democratic form.
MENTIONED IN THIS ARTICLE
Berkeley
Pi — Assembly
Jesse Unruh
Los Angeles
Market Outlook Cited for Potential Buy Point Amid Downturn
The analysis notes deflationary pressures and a broad downtrend in markets through 1966 with a possible low around 870 850. It highlights compression in recent sessions, a Friday rally fade, and a potential May-June seasonal rally if the trend reverses. It also references psychological resistance at 870 850 and compares weekly and daily stats to past market cycles.
MENTIONED IN THIS ARTICLE
Ashie
Industrial Growth program gains county support
Hollinger told Riverside supervisors the Industrial Growth program MIG sponsored by the Los Angeles Chamber of Commerce aims to shape a regional budget for Eos Angeles and five counties. The plan prioritizes preserving industrial zones, expanding agriculture, education, and a rapid transit system to attract new industry and jobs.
MENTIONED IN THIS ARTICLE
Hull County
MIG
Hollinger
DIG
Los Angeles Chamber of Commerce
Eos Angeles
Orange
Riverside
Sernardina
Venturas Ironton
Uth
Fiennes
Merkdown
Oh Commission
Tsarkor
Radacatkinsite Lawyers Inc
Century Bank
Forathal
Biro
Parks and Recreation
Flond
ORM
Jyeontol
Health Department
Pat Suldsur
Gamal
Tait Securities Nowe
Charset Atasiick
Marc Regional Planning
Elden Indes
Longnot Corp
Bks
Medav
NGO
Pepsi
Lone Star
Man Yi
Eteci Arts
Mneathon
Nvid-M Uc
Eoe
Ori Gasman
Latalicen
Peennarton
Alfer Ui
Edita
Arcover
Babcock Eictrnes
Mavinette
Faviesy
Sataperaera
Bemis Bros
Belper Raul Ice
Sen
Lam Invatiors
Ebrik Olsen
Iz Et
Loto Fire
Stack Bay Trae Fund
Reece
Clea UN Ia
Maud
TDR
Igen
Proltic Indemntio
Cole
Renin Electron
Worapiock
Cora Biy
New England
Hertz
Ereasiany
Varulam
Veepenham
Bennaylvania Lite Toy
Sorel Ruck
Pras Bilt
Boston
Penn Sa Frovil
Bally
Eenadtan
Srvenan Wassneer Fund
Soret Cie Ing
Sksoa
Hamranca 335
Soraout
Elec Co Nam
Elec Ge
Caoais Stieo Tech Bestetn
Praveters
Electra Instrutoy
Siainieas
Ives
Eli Sor
Bal
Ragerg Bydary
Frost Electronic
Ap Indus
Eisel
Haute
Susmenanna Coe
Esic Nat Fund
Emery Swank
Wipolgointen
Westerm Fiat Boston
Telan Ranch
Mel Comporie Res
Bki Global Ataring di Walt Core i. Ate
Television Elect
Poc Securiy
Seaveri
Boi Otte San Bachal
Grinnell
Fante
Hoover Co
Tata
Chinna
Unica Bank CA
Inca
Larara
Hs Dia
Cisneys Verveeke
Billinterstate
United
Andrew Jerems
Aren Fane
Reynion
Growth Slowdown Favored by Officials in Virginia Meeting
In Hot Springs Virginia top industry and administration officials agreed that business growth will slow over the next seven months. Gardner Ackley of the White House Council of Economic Advisers said some slowdown is evident yet warns against a broader pullback amid inflation and tax concerns. Bell, head of the council’s domestic economics panel, projected a 782 billion dollar national output for this year with slower growth and continued inflation pressures. Henry Ford II cited a 16.4 percent drop in auto sales early May tied to safety and monetary factors, while Ackley noted tax changes and defense spending adjustments contributing to a softer economy. The administration eyes a tempered expansion around four percent rather than seven.
MENTIONED IN THIS ARTICLE
General Motors
Chrysler
Ford
Federal Reserve Board
Hot Springs
Gardner Ackley
Council of Economic Advisers
Business Council
Ackley
William ™. Balien
C. Penney, Inc
President's Council
Hatten
Batten
Henry Ford
Ford Motor Co
Ula
W. B. Murphy
Campbell Soup Co
Ralph Wader
Murphy
Harmatic Bul Ackley
Inustry
Inng
Ackrey
Alowdown
Viet Nam
Secretary of the Treasury
Hlenry H. Fowler
Physics Chief Dies in London Death Announcement
New York announces the death of Professor Van Zandt Williams, 50, director of the Institute of Physics, who died Friday in London. The institute confirmed the loss and noted his leadership and research contributions.
MENTIONED IN THIS ARTICLE
New York
Reception for Governor Brown Highlighted by Long Beach Club
The Democratic Women's Study Club of Long Beach hosts a public reception for Governor Brown titled "Converse with the Governor" at the Nancy Simpson residence. Tickets are $2 and reservations through Mrs Ravens. Long Beach Young Democrats announce a $4.50 season fundraiser at 5850 Goldcrest St. Also covered are election disputes involving Philip Poppler and state party figures, plus remarks from City Council candidate Melvin McKelvie on continued civic work.
MENTIONED IN THIS ARTICLE
Edmund G
Pan Brown
Pdemocratic Women's Study Club of
Long Beach
Nancy Simpson
Amin
Ravens
Willie &. Williams
Democratic State Dental Committee
Ukeland
Brown
Jay
Pilin
Goldcrest St
Atherton Street
Palo Verde Avenue
Ove Tone
Philip E. Poppler
Pope Paul VI Praises Cardinal Spellman in Letter
Pope Paul VI lauded Francis Cardinal Spellman as generous and open minded in a handwritten note on the 10th anniversary of his priestly ordination. The Vatican letter highlighted Spellman’s accomplishments and his ties to New York.
MENTIONED IN THIS ARTICLE
Vatican City
Paul VI
Francis Cardinal Spellman
New York
Ile
Also Mentioned on This Page
Newton D. Zinder
Hite
Writen
Faider
Martin
Hare
Chrysler and General Mageive Board
Noan
Tors
Lin
Wnday
Jones Industrial
UWE
House
Unruh
Wy DE LA Chapelle Nie
Webber
Jrciien Corte
de Teaco Raceey
Ier
Washington
Kennedy
Warkel
Sterling F, Green
Women's Study Club
Bob Houser
Bose
Benjamin S Hilelpler
Poppler
George Deukmejian
Flamey
Er Mkelvie
Ross Mexelvie
Ath District
Ling Beach Walt
McKelvie
Chicago
Michael J. de Bella
de Bella
Alice Bo Atwaad
Des Plaines
King Raneh
Merrill
Sion
Pope Lauds
Spellman
Manhattan
J. D. Dulaney
Assoc., Inc. Investment Securities
Ocean Ave
al Gur Muir
Phowe Hémioth
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