Why The Stock Market Slump
New York traders return after Labor Day to a market weakened by scarce buyers and rising costs that threaten earnings. Indicators from NYSE show declines: UPIs from 100 to 84.56, Dow from 931.29 to 787.69, and S P 500 from 89.94 to 77.42. Analysts say tight money raises borrowing costs, making bonds more attractive than stocks. If wage talks push pay higher, costs rise and corporate profits may falter.
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Television season opens with advance premieres and sneak previews
Hollywood critic Rick Du Brow notes networks launch new series this week as advance premieres or sneak previews. He cites ABC debuts Love on a Rooftop The Pruitts of Southampton and The Rounders plus NBCs The Girl from U N C L E as derivative concepts echoing earlier hits like Barefoot in the Park Auntie Mame and Cat Ballou.
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Phyllis Diller
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Reginald Gardiner
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Ron Hayes
Patrick Wayne
U.N.C.L.E
Governor Seeks Seven Million Jobs by 1970
Gov Hulett C Smith told a Labor Day audience in SMITHERS that America must create seven million jobs by 1970 and that West Virginia faces unemployment as a top problem. He urged workers to develop new skills to adapt to a changing labor market and called for voter awareness of five constitutional amendments on the November ballot.
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Bonanza producer Dortort eyes new Hawaii episode
Hollywood producer David Dortort, creator of Bonanza, discusses plans for a two to three part Hawaii episode featuring Ben Cartwright and the Cartwright clan. He aims to refresh the series with new settings to keep Bonanza atop the ratings, while preparing High Chaparral for 1967 with Leif Ericson and Joan Caulfield in key roles.
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Jail Too Small For Huge Pair
Benny McCrary and his twin Bill, ages 19, are wanted on a $20 worthless check charge. Weighing 517 and 490 pounds respectively, they were arrested in San Antonio on a burglary charge, slept on the jail floor after dismissal, and may not fit in Baton Rouge jail facilities if jailed. Farmlands in the United States are being used up at a rate of a million acres annually by advancing cities.
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Benny
San Antonio
Tex
George Leblanc
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