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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
Oct 03, 1961
Page
8
New York analysts predict rising corporate profits will fuel bigger dividends in the next months. Standard & Poor's Corp notes November and December could be standout periods with a flood of extra payments.
Twenty years after buying a house and 1 acre in New Jersey for 15000, a man now could sell for 40000 cash. Economic growth and inflation drive the rise as isolated suburbs become active building sites, with land values now around 20000 per acre and a forecast of 60000 by 1970. The piece argues New Jersey property suits long term investors seeking growth.
An adviser argues inflation will persist and U.S. equities offer growth and inflation protection. He cites stock values outperforming bonds, urges investors to buy a diversified basket of common stocks, with emphasis on growth and income potential, citing market history and the Daw Jones averages. A forum panel from investors totaling over $100,000 recommends emergency cash plus a stock mix.
In Chicago trading the grain market showed mixed movement as soybeans and rye firmed on stronger demand while wheat and corn edged up or stayed near prior closes. In New York, an Italian jet airliner with 140 aboard skidded off a runway at Wilwild Airport during a rainstorm.
New York trading begins quarter with upbeat notes despite uncertainty. Analysts argue the market faces risks yet potential profits from a shifting investment climate, as experts cite disinflationary signals and selective stock strength. The piece notes electronics and glamour stocks falter, while others anticipate renewed leadership after a volatile period.
The International Atomic Energy Agency elected Swedish scientist Sigvard Eklund as director general by 46 votes to 16 with five abstentions in Vienna. He succeeds Sterling Cole of the United States, who is retiring, as India warned it might withdraw from the IAEA if the West blocked Eklund’s nomination.
Archbishop Joseph Graesz died at age 74 in Vienna after a heart attack Radio Budapest reported He chaired the Hungarian Catholic Bench of Bishops and spent four years in Communist prisons He was the second highest Roman Catholic dignitary in Hungary Mindszenty remains in asylum at the U S legation in Budapest Following the 1956 revolution Soviet tanks and arms crushed the revolt
A long OCR filled list shows unofficial bid and ask prices from the National Association of Securities Dealers for many insurers and companies. It includes Berkshire Hathaway Aetna Life Firestone and others with varied quotes and scattered brands, suggesting a market guide rather than formal actions.
The fragmentary text mentions a numerical code and names likely placeholder terms. Readable parts indicate a possible reference to a race or event with numbers but lacks clear entities, dates, or place names to establish a coherent news item.
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