Week's Business Trends Highlight Mergers and Markets
After the close Thursday Merritt-Chapman Scot planned a formal tender offer within three weeks for about 1.2 million shares at up to $4 above the market. Ehrenreich merger terms would give Sterphote holders 0.435 Ehrenreich shares and 0.55 convertible preferred per Sterphote, with Treasury gold and silver stocks shown. CATV copyright bill seen as mixed for industry. Monsanto plans 165-175 million investment in 1967 plant equipment. Zinc oxide prices rise, electronics shipments up 3-8% year over year, defense and non defense gains. Several stock and industry notes, with favorable blocks for Colgate Palmolive and others.
MENTIONED IN THIS ARTICLE
Merritt-Chapman Scot
Merritt- Chapman
Ahrensreich Photo-Optical
Inter- Photo Corp
House Judiciary Committee
Television Digest
Jas
CATV
Daily News Record
Monsanto
New York Times
Money tight exchange on Pacific Coast ads
Classified notices urge readers to sell unneeded household items to raise cash. The column promotes using the Pacific Coast exchange to access extra money, urging quick action and listing a contact number.
MENTIONED IN THIS ARTICLE
Dia
Dow Jones Outlook Sees 760-770 as Ceiling for Rally
The text analyzes stock indices with August September averages, noting a resistance around 760 to 770 on the Dow Jones Industrial Average and potential pullbacks. It cites past bear markets on specific dates and references Federated Research Corp investment advisers on market timing and historical lows, including mentions of 525, 610, and 734.91 levels. The piece discusses possible recovery paths, warnings about a deep decline to sustain any rally, and social and economic implications of debt and inflation policies.
MENTIONED IN THIS ARTICLE
Federated Research Corp.investment Advisers
Erie
Wael Riverstae Finca
Romero
Arnas Hind
Rar 1
Ped Ltd
Lew Uh Baeda Pia
Cole
Lavine & Gewlee Bate
Real Industrials
Presisicial
Fydent Kennedy
al Bahethcial
Cuba
Walmore
Hasan
Foullies Ark
Cascade
Caetano
Beal
Util & i
Royal Industries Wat
Pines
Brantnelclnet
Lee Valens
Hanne Nana
Lee
Serazie
Insaan
STERN
Léelay
Bethel
War Against It Fails Spying Ear Laws Back Big Ear Battle
In Detroit area suburbs a family feuds over a listening device called The Big Ear that records conversations from 100 to 200 feet away. A dispute erupts between Francis Drobowski and the Soltesz family after an eight year old notes the device’s presence. Police and FBI involvement follows as legal questions about the device’s legality surface. Authorities say the Big Ear is legal to own and operate.
MENTIONED IN THIS ARTICLE
Soltest
Drahawski
Soltesz
FBI
Richard Mossoney
Radio
Long Beach Church Unit Spotlight Award Winners Named
Rev. Robert Walker, Mrs. Jayne Jacoubowsky and Richard Cline won the first annual Spotlight Awards given by the Long Beach Area Council of Churches. The trio, Long Beach residents, were honored for local church and civic service at a Lafayette Hotel dinner addressed by Harold E. Stassen.
MENTIONED IN THIS ARTICLE
Robert Walker
Jayne Jacoubowsky
Richard Clina
Long Beach Area
Lafayette Hotel
Harold E. Stassen
Eisenhower
Minnesota
Long Beach
Edward C. Purnell
Jacoubowsky
Belmont Ave
United Nations
Cline
Grange Ave
Rev. Walker
Yolk Ave
Strikers Clash With Police At Trieste Shipyards
Rioters in Trieste, Adriatic port city, attacked with stones and iron bars as police fired tear gas to repel a Communist led strike against shipyard reorganization. About 2,000 workers from San Marco plus others clashed, injuring several and prompting detentions.
MENTIONED IN THIS ARTICLE
Trieste
Waly
Adriatic
San Marco
Shapp Builds Image With Mass Pennsylvania Ads
Milton J. Shapp, a self-made electronics millionaire and Democratic gubernatorial hopeful in Pennsylvania, launches a massive ad blitz including 1,200 billboards and extensive radio buys. Campaign manager Joseph Napolitan oversees wide media production and a 35 million voter mailing drive, with projected campaign costs around 2 million this fall.
MENTIONED IN THIS ARTICLE
Philadelphia
Milton J. Shapp
Pennsylvania
Shapp
Foot
Inch
Raymond P. Shafer
Shafer
William W. Scranton
Joseph Napolitan
Tieburg
Napolitan
Pucreu
Uruguay Leaders Discuss Packer Riot
Uruguay's president called government leaders together Friday after army troops broke up a riot by about 2,500 meatpackers protesting low wages. At least four were shot, with about 70 more wounded in skirmishes with riot police and troops before the three hour disturbance ended.
MENTIONED IN THIS ARTICLE
Uruguay
Montevideo
Nand
Cuban government buying up any gold in Cuba
Havana radio said the Cuban government will buy gold in any form from individuals. The National Bank of Cuba handles purchases, paying five pesos per gram of 24 carat gold in cash, with no statement required from the owner.
MENTIONED IN THIS ARTICLE
Miami, Fla
Havana Radio
Int Mitam
National Bank of Cuba
Bumper Crop in State Despite Sparse Farm Labor Woes
California farmers report a bumper 1965 crop with minimal labor shortages. Albert Tieburg notes smooth harvests using local and limited foreign labor. The agriculture department predicts a record 3.9 billion dollar value, despite past bracero program disruptions. Some crops like white asparagus faced export concerns.
MENTIONED IN THIS ARTICLE
Sacramento
California
Albert
Tieburg
Harry J. Krade
State Agriculture Department
Congress
U.S
W. Willard Wirtz
United States
George Murphy
Calif
Secretary of Labor
Calfifornia
Krade
Also Mentioned on This Page
Press-Telegram
U.S. Treasury
Treasury
Canda
Nana
Electronics News
Colgate
Palmolive
Pacific Coast
Salet
Mit Lowy Cts
Anza
Burley Ae
Eerch
Pelecon
Gas
Ryan
Aircrawt
H DE
Thei' Osc
Kennedy
Ford
Wall Street Journal
Jeane
Detroit
Steven Soy Tész
Valeek
Allen Park
Francis Drobowski
Soblesz
Steve
Ernest
Drohowskis
Church Unit
Snes
Phila
Etec
Feu Weta
Ine Fond
Lapdars
Weis
Leanain
Breyns
Laquita Schneider
John Chapla
Denver
Colo
New York Times Service
Robert Casey
Igalbst
Tokyo
Romanta
Cata Ois
Java
Saeed
Ingnatty
Wilder Bros. BE
Neerle Robby Montel
Amother Dooley
Rcavictor
Dooley
RCA Victor
Frea
Dooley’s Hardware Mart
Sun
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