Over the Counter Investment Advice From a Daily Worker Column
A reader asks if a novice can invest as wisely as pros given widespread broker guidance. The reply urges studying earnings records and warns against overreliance on a stock price yield, recommending professional guidance and independent verification of investments.
MENTIONED IN THIS ARTICLE
Leslie’ Gur
New York
Slonger
David Kare
Sam Sholsky
Daily Worker
Te Nat
Execu
Corp 2
Tesea
Corp. of Knowledge
Leopold D. Silber
Stein
Karr
Twl
Ivar
Karr Ends Proxy Fight Turmoil At Fairbanks Morse
In a long proxy battle at Fairbanks Morse The Chicago firm, Karr rose to leadership amid Finch and Silberstein turmoil. Silberstein was ousted after clashes over control with Penn-Texas financing and Landa’s substantial retainer. Critics call Karr an inept administrator as directors moved to replace him in 1969 after costly legal and executive conflicts.
MENTIONED IN THIS ARTICLE
Silbersteine
Silberstein
Fairbanks, Morse & Co
Chicago
Fairbanks
Morse
Kace
Fght
Karr
Corporation
Legning Puruanes-whutney
Penn-Texas
Kary
Landa Tater
hanks-Whitney
Silhersalem
Kari
Jniwisnes
Saree
Non callable stock and new ventures in securities
A reader recalls non callable preferreds and recapitalizations that left little protection for investors. He asks if a new factoring company with assets under one million is a viable first investment and how to verify its data and exchange status.
MENTIONED IN THIS ARTICLE
Toy
Tay
Utilities
SEC
Q-T
Dany
California Dam Building Begins
Construction on the Oroville Dam project in California has started with 24 hour work over five years. Workers move 55 million tons of rock gravel and soil to create the Feather River embankment dam as part of the large dam project.
MENTIONED IN THIS ARTICLE
Oroville
Calif
Adlai Granddad Of 10 Pound Boy in San Francisco
In San Francisco a 6-pound son was born Saturday to the son of United Nations Ambassador Adlai Stevenson and his wife Ana Folly Stevenson. The child is the fifth grandchild of the diplomat, and part of a prominent local family.
MENTIONED IN THIS ARTICLE
Adlai Granddad of
San Francisco
Unitedations
Adlai Stevenson
Dofin Fell Stevenson
San Man
Cisco
Sife Ntulic
Ana Folly, Stevenson Jr
Ile
Armassadoc
Portraits of FDR and Truman Scarce in Des Moines Office
Des Moines reports Harold Hughes seeks portraits of Franklin D Roosevelt and Harry S Truman to decorate his office but finds none available. He recalls some once existed but were auctioned for about three dollars. Also reports border clash near Gaza leaving three Arabs dead and a brief note on NY futures movements.
MENTIONED IN THIS ARTICLE
Des Moines
Jawa
Harold Hughes
Franklin D. Roosevelt
Harry Toman
PAA Cracks Down on Drivers and Regulators
Washington reports the PAA will impose penalties up to 500 dollars and six months in prison on violators of new aviation and road regulations. The agency targets anarchists and misuses of access roads including at Dulles International.
MENTIONED IN THIS ARTICLE
Wasiington
UPD
Federal Aviation Agency
PAA
Nation
Mike
Dulles International
Lion price plan draw fire amid Rockefeller attack
Kenosha News notes a second front in government spending fights over Governor Nelson Rockefeller’s Tea tax and a $2.8 billion 1963 program. The piece details liquor tax rises aimed at funding state needs and a revolt among Republicans. In New York, the Mona Lisa at the Metropolitan Museum breaks attendance records with 101,234 visitors in one day.
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Albany
UPD
Tuyeval Kenosha
Wis
UPL
Nateyjoyners
Komen
Nackeye
Today Kenosha News
Nelson A. Rockefeller
Keten
Savapson
New York
Museum of Art
Persis
Motors Strong in Mixed Market
Mixed market trading showed strength in toys and several stocks. General Motors and Union Carbide moved up, Chrysler rose on dividends, and Great Northern Railway climbed about eight points amid sales gains.
MENTIONED IN THIS ARTICLE
New York
DuPont
Phone & Efectronics
Chrysler
Union Carbide
American Motors
General Motors
Sudebaker
U.S
Steviston
Ragio Corp
Great Norther Railway
India Pakistan Kashmir Talks Seek Fresh Round
Deadlocked Hindis and Pakistan due to the Kashmir dispute will hold another round of talks starting March 9 to resolve the future of the divided state. Kashmir, in the Himalayas, lies between UN cease fire lines and is a focal point of regional tension.
MENTIONED IN THIS ARTICLE
Maracul
Pakistan
Kashmir
Himalayas
U.N
India
Fashion Designers Eye US Runway Debut at End of February
A group of Spain and MADA fashion designers plans a U S visit at the end of February to showcase latest collections and gain entry to American markets. The delegation aims to secure orders and boost cross Atlantic fashion ties amid evolving global runways.
MENTIONED IN THIS ARTICLE
Fashion Group
MADA
Spain
Fivyt
United States
Ar American Starkels. A
Alabama Paper Raps Governor Wallace
The Montgomery Advertiser editorially accuses Gov George Wallace of shirking duty by not publicly stating he will tolerate no violence in any integration crisis. It says he softened but did not firmly back up against violence and mob action, urging a decisive pledge to uphold Alabama law.
MENTIONED IN THIS ARTICLE
Montgomery, al
Ape
Montgomery
George Wallace
Wallace
Alabama
Cats roam Texas with many species observed
Wildlife expert W B Davis notes Texas hosts diverse wildcat species including jaguar, jaguarundi, ocelot, jaguarundi, bobcat and mountain lion. Only the Canadian lynx is absent due to climate. Also mentions Connie Hines of Alister Re as daughter of director John K Ahnes who recalls early applause and speech.
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Austin
Tex
UPN
Texas
Lone Star State
W. B. Davis
Davis
Spenach
Connie Hines
Alister Re
John K. Ahnes
Negro School Must Go Says Lomax at Moorland YMCA
AP reporting from Dallas quotes Neeva writer Louis Lomax arguing Prairie View A&M Texas Negro college must go, saying its study habits discipline and courses fail to prepare students. He says Negro colleges face criticism and must evolve beyond being mere Negro institutions to attract a diverse student body.
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Dallas
Neeva
Louis BE. Lomax
Prairie View Agm
Texas Negro College
Prairieview
Lomax
Prairie View
Prairie View ML
Rice
Suistakes Lontax
Congress Clears Calendar Amid Lincoln Birthday Recess
Washington UPI reports Congress enters Lincoln Birthday recess with skeleton sessions planned. Republicans aim to avoid business while Democrats generally take a week off, pausing major action as lawmakers observe the holiday period.
MENTIONED IN THIS ARTICLE
Washington
UPI
Colveborn Ty Baeie
Lincoln
GOP
Jatlunp
Andrew Jackson
Thomas Tek Tevann
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Florida Gas
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FriteLey
Great
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Ievss
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Onder Peeeee
lankenCh
Houston
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Classifica Sion
R. M. Warren
Superior Leasing Corporation
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