Investor cautions and questions about stock prospects
A reader recounts losses from 1929 and asks about a $1.50 stock prospectus and buying growth stocks. The reply advises against rushing into speculative issues, notes past Dow Jones levels, mentions RCA dividends and a mutual fund, and suggests a later plan to invest $5000 in the market as part of a disciplined program.
MENTIONED IN THIS ARTICLE
Sam Shulsky
Jesson
Securites
RCA
Bell
Qatuin Enool
Iocal
Fn Jd Mutual “Fund
Dilan
IGN
Merck
Minneapolis
Fioneywell
Investment Trusts Over the Counter NDDW YORK
Gen. nral corp and its two subsidiaries report hot income figures for the year ended Nov 30. The group posts 0,200,021 in earnings compared with 81.38 per share for the prior period. Ayco corp shows 395 perpetine gains for the year. Armco Steel corp reports 40,200 for the year with 12.461 million in earnings. The overall results reflect mixed performance across the trust and subsidiary entities amid market conditions.
MENTIONED IN THIS ARTICLE
NDDW
York
Gen. Nral Corp
General Tre &Tabheroo
Ayco Corp
Perpetine Jg.nee
Armco Steel Corp
Andes
Court delays Hingden custody dispute amid wireslayer case
In Los Angeles the bitter custody battle between actor Sterling Hingden and ex wife Netty de Noon Hay den was postponed to February 25 as Hay den’s attorney handles defense for accused wireslayer Dr. R. Bernard Finch. The case centers on custody of four children and the extended legal wrangling continues.
MENTIONED IN THIS ARTICLE
Cash
Los Angeles
UPL
Sterling Hingden
Exavife
Netty de Noon Haydin
Hayden
Bernard Finch
New York Stocks See Upturn Amid Mixed Trading
The New York Stock Exchange faced uneven session with notable activity across blue chips. Traders watched for turnover and notable gains in several stocks while others drifted, signaling cautious optimism for the market.
Broker Timing Off in Wall Street Panic Tales of Pinsker
New York report details Norman Pinsker a longtime broker who missed profits by misreading the market. It traces his moves between firms Grayson Co P J Gruner Co and his Hempstead operation Tim-N. Pinsker & Co amid SEC scrutiny involving Oreclone Concentrating Corp and a high price pretense. The piece notes several high pressure selling houses and dramatic share movements in the over the counter market.
MENTIONED IN THIS ARTICLE
Leslie Gould
New York
Arthur
Fiat
Ast
Grayson & Co
Grayson
Alexander Guterma
Pinsker
Natalya
Tim—N
Tim—N. Pineker & Co.—ii Hempstead, N.Y
Pinskey
Tyrex Ding & Chemical
SEC
Nelhis
Guterma’ Vensture
Grutier
Hevieral
Seléctivision
Progess Lust
Oreclorie Concentrating
Corp
Washington
Ae Arerica
Plasker
Hempstead
Livestock Market Prices and Slaughter Figures Reported
The livestock market shows varied prices across classes with roughly 25 percent cows, around 80 percent stockers and feeders affected by weather and high losses. Slaughter steers and heifers priced around 44.60, mix of standard and utility cattle cited, with stocker and feeder cattle in the low to mid twenty two to fifty two per hundred weight range. Receipts remain substantial though reduced by unfavorable conditions, roughly 65 percent of supply in a weak market.
MENTIONED IN THIS ARTICLE
Eames
Nlocker
Stocks Mill In Moderate Trade Amid Mixed Pressures
In New York trading, stocks moved indecisively with modest gains in DuPont and McDonnell Aircraft after delayed openings. General Tire rose on a missile contract award to Aerojet, while United States Steel and Consolidated Edison posted small advances. Treasury costs and Federal Reserve expectations dimmed demand, as traders noted cautious sentiment across chemicals, aircraft, and rail shares.
MENTIONED IN THIS ARTICLE
DuPont
Joodak
McDonnell Aircraft
Dfort
General Tire
Cits Aerojet
Wall Street
Federal Reserve Board
Treasury
U. S
U. §. Steel
Consolidated Edison
Texaco
VWS
Gypswin
Lehering
New York Central
American Motors
Oitch
Daughes Aircraft
Ral Electric
Air Reduction
Tones &Laughlin
Woolworth
Radio Corps Kenniecott
Tomestake
Santa Fe
Death Term Changed to Life for Dallas Case
Billy Joe Houston, death row inmate since 1986, had his sentence changed to life imprisonment as the State pardons. Houston, who taped a 54 year old Dallas housewife in 1955, was scheduled to die Monday before the action.
Peron Heads For Spain Trip
Ousted Argentine ex President Juan D Peron heads to Spain on a trip that may mark his farewell to the western hemisphere. He left the Dominican Republic where he has lived as a refugee for two years aboard a chartered flight. He is expected to stop in Bermuda the Azores and perhaps Portugal on his way to Madrid.
MENTIONED IN THIS ARTICLE
Madrid
UPI
Juan D. Peron
Spain
Peron
Dominican Republic
Tie
OPEL
Mermuda
Azores
Portugal
Cotton Maid Opening Reign on Nation Tour
Washington reports this year’s Maid of Cotton Sandra Lee Jennings from Riverside California traveled with a kiss from Speaker Sam Rayburn at a capitol luncheon in honor of the California beauty. Rayburn praised her brains character and looks before sending her on the tour.
MENTIONED IN THIS ARTICLE
Washington
Sandra Lee Jennilige
Riverside
Calif
Sam Rayburn
Capitol
California
Rayburn
Miss Jenning
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