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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 26, 1962
Page
2
PAUL H MacGREGOR analyzes StockMart for the week showing high April industrial output and record personal income fueling retail sales, while investors face selling pressure. He notes Dow declines to mid-600s and cites cement stock lag as a drag, urging cautious buying in 645-590 area with attention to profits and policy.
A sprawling, dense OCR snippet shows investor concern as markets digest mixed signals from corporate names, financials, and sector indicators. The patchy text references Berkshire, General Electric, insurance, utilities, and various issuances, hinting at broad volatility and caution among investors.
Philadelphia reports that David P. Johnson, who sought life in Russia, is rehired by the Pennsylvania Railroad. Johnson, aged 22, will return to clerking duties Monday after a suspension during an investigation into his trip with his pregnant wife and sons to Russia.
Ex Crown Prince Victor Immanuel, 25, was injured when his sports car crashed into a tree in Lausanne Switzerland. Former Swiss water skiing champion Miurina Doria, 27, also hurt. Both in critical condition.
Madrid reports indicate strikers and underground supporters have drawn Catholic clergy into opposition to Franco. Economically the strike wave remains contained but experts fear spread. The nationwide workforce exceeds ten million with 50 to 65 thousand on strike, including 15 to 20 thousand in Asturias and 6 thousand in Leon. France's cabinet concedes to a weekly meeting on the labor situation.
Mrs. Mervin McZeal, 32, learns she has twins and notes at first they are hard to raise double the work but otherwise they are like the oilers. The Infants, born Friday, join three other McZeal families with Linda and Larry five, Kim and Karen five, and Toni and Tanya twenty months.
Philip Thorpe, head of Woodrow Wilson High School music department, premiered his original three act musical comedy Meat Westward in the school auditorium before a large enthusiastic audience. The libretto centers on wagon trains and pioneer days from Kansas City to California with a light mood and melodic songs. The production featured standout performances by Annie Palmer, Eileen Montgomery, Trudy Crane, James Wulfberg, and Chris Johnson among others. The show repeats today at 7 pm.
Leonard Bernstein and four Peabody Conservatory conductors visited Baltimore for a teaching week when a restaurant refused to serve a Black guest. Bernstein called the policy incomprehensible and the party moved to a nearby hotel after being told Sanford Alles could not be served.
The Pontiac Board of Education adopted a nondiscrimination policy for all school activities. It states all activities are open to all students regardless of race, color, or creed, and all student couples may participate. Principal Staley and Dr. Walter Gadsell commented on whether mixed dancing would be permitted, noting regulation of private interactions remains impossible.
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