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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 23, 1962
Page
1
The market closed at its lowest in almost four years after five straight declines. Dow dropped 11.30 to 539.19, with blue chips and various sectors down. Traders cite recession fears, weak auto output, and Phelps Dodge copper cuts as factors driving the slump.
Senator Barry Goldwater told a convention of newspaper publishers that President Kennedy can have a trusted relation with business only if he earns it. He warned Kennedy still holds power over business and could use it if he deems necessary, disagreeing with those who view Kennedy's Yale speech as peaceful.
Arizona Senator Barry Goldwater told businessmen in Tucson that the steel price fight is a grave mistake and urged President Kennedy to replace some brain trusters with hard headed businessmen. He condemned government meddling in labor management and urged both sides to settle their differences without federal bargaining.
Four persons were killed in a two-car head-on crash on U.S. 66 three miles east of Winona early today. Victims: Mrs. Marvn White Curtis 24 and Nathanial Eakins 41 of Cincinnati, Charles Frederick Herschel 63 of Chino Calif, and his son Wayne A. Herschel 17. Two other occupants were seriously injured. The Arizona highway patrol noted westbound and eastbound cars collided in the eastbound lane. One more death from a gun previous accident brings year total to 207.
The New China News Agency in Peiping urged a military alert to prevent a U.S. backed Nationalist invasion led by Chiang Kai-shek. It warned such action would destroy the invaders and cited U.S. support to embarrass Red China. In Taipei Chen Cheng reported stronger Communist coastal forces near Quemoy and Matsu.
U S Secretary of State Dean Rusk met Italian President Segni Premier Fanfani and Foreign Minister Piccioni in Rome to press for assurances that Italy S center-left government will stay pro Western. He also discussed NATO defense nuclear sharing and missile bases, with plans to visit London next.
The Arizona Supreme Court ruling requiring lawyers to prepare real estate transaction papers is criticized by Stewart M. Winter new Arizona Association of Realtors president. He says buyers and sellers may choose legal counsel but must bear added costs and delays. The court allows brokers to handle preliminary agreements but not closing documents.
Lutheran Bishop Otto Dibelius of Berlin stated in Vienna that Catholics and Protestants in Communist East Germany form a close-knit family. He said relations between churches in the Soviet zone are uniquely strong and that both groups stand together against the Communists.
Genoa Italy an Italian magistrate ordered President Kennedy Premier Khrushchev and President de Gaulle to stand trial in civil court for alleged damages from nuclear tests. Soviet leader Brezhnev and others named by Nino Musio Sale the 37 year old Italian lawyer. The suit seeks 100 in damages for each member of a global group claiming health risks from fallout. The trial date is set for December 4.
Bond proposals on a separate ballot detail seven measures for Tucson including 250000 for parks construction a 21 million for municipal buildings 3288 million for street work 436 million for other streets 4 million for sewers 4 million for a civic auditorium and 10 million for water improvements The plan notes bonds would be issued when financially feasible with interest paid only on sale and no water rate increase if approved
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