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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jul 08, 1969
Page
9
The text discusses investor behavior and the gap between company growth records and stock prices. It notes lies in emotional market factors, the rise of shares in a booming market, and the danger of trusting price levels over fundamental earnings and margins. It emphasizes distinguishing company performance from market valuation.
A noisy market session sees stocks fall to new lows with several names trading at high multiples of earnings. Investors debate whether current prices reflect value or require further declines before stabilization.
Scotland Yard and London police probe a large heroin operation based in the city. Investigators say the ring channels heroin from Hong Kong through a drug-centre network, with a haul valued around 192000 pounds traced to Chinese and local distributors. Officials note rising heroin use and related deaths as authorities step up enforcement and public warnings.
Dow Jones industrials fell to 872.22 with a 10.99 drop as rails and utilities varied. Trading volume reached 6.66 million shares amid mixed stock moves and a broad market tone.
Church's Posts Gains Church's Frish Chicken Inc. reports net earnings of 440,289 for the 24 week period ending June 1, up from 273,824 a year earlier. Earnings per share rose to 40 cents from 22 cents for the first half period. Shares outstanding increased by 144,000 after a May 1 public offering, influencing per share figures. Gross income totaled 4,756,133 versus 2,188,290 a year ago.
Representatives of nonaligned countries opened their first dissident conference in five years in Belgrade. Premier Mirja Ribble of Yugoslavia welcomed the gathering alongside Tito and said the talks would contribute to peace and advance nonalignment policy.
Lear Jet Industries of Wichita files a $28,107.06 lawsuit against lawyer F B Lee Bailey for services and modifications to a Lear Jet bought in March 1967 for $650,000. Bailey, in Atlanta for a conference, says the suit defames his credit and he doubts the amount.
State officials report a surge of snakes at Sunrise Mountain in New Jersey as gypsy moths strip foliage. Ranger Ray Faulkner warns hikers to avoid the mountain base. snakes up to three feet have been captured in recent days.
The San Antonio Public Night School offers four shop courses including a weeklong air conditioning course a machine shop course and a welding course. Registrations are accepted from 1 to 9 pm Monday through Friday.
New York AP reports a continued steep decline in the stock market amid uncertainties over a legislation measure and dampened investor enthusiasm. Major sectors including steels aircrafts electronics and chemicals traded lower as 17 of 20 active NYSE issues fell. Richfield led active trades at 134, down 2.
Air Force Chief of Staff McConnell testified to the Senate Armed Services Committee that North Vietnam has rebuilt bridges highways and shipment points destroyed by U S bombing. He said most industry is functioning nearly as before and supplies move through the DMZ into Laos, with passes into Laos and high tonnage continuing, despite prior restrictions on southern Laos routes. He predicted quicker resupply via DMZ as weather improves and noted North Vietnam’s expanded surface movement beyond the DMZ into Laos and towards the Chinese border.
Lydia Maymusan reports a man about 40 grabbed her arm and twisted her purse from her while walking a Nolan Street block. The purse contained about $115. She described the suspect as about 6 feet tall with a medium build.
In Chicago a 13 year old boy, Richard Youmans, climbed a 7th floor ledge of the Hyde Park Hank Building after his girlfriend stopped seeing him. Police talked him down as bystanders shouted taunts. He was charged with reckless and disorderly conduct and taken to Chicago State Hospital for observation.
The extradition case of Jim Morrison, lead singer of Phoenix linked band Pheirs, sought in Florida on charges including indecent exposure and drunkenness is slated for review by the Reagan administration. The Municipal Court postponements until further notice follow a pending extradition hearing set for August 27 in Tanenta, where officials will examine the case.
Seguin physician Deymond T. Moore, long connected with Seguin Texas, is named to a HEW post as state commissioner of health education and welfare central admiral ratings. He previously served as Acting director in Bureau of Radiological Health.
The Agriculture Department urged manufacturers of household disinfectants and sanitizers to ensure labels state clearly if products kill germs. Many items currently claim to “germ kill” but actually only inhibit germs, prompting calls for precise wording to avoid misrepresentation.
SAN BERNARDINO Calif a family prays for their son Robert a 20 year old Green Beret wounded in battle near Ben Het. Neighbors and strangers streamed to the Pryor home to offer prayers as Army notice confirms his improving condition.
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