Bell Lab Here Wins Army Contract in Tucson
Tex tron Bell Aerosystems Tucson unit awarded a 634000 Army contract to study radio interference in combat electronics. VP John H. van Lonkhuyzen announced the award from the Army radio frequency engineering office. Most work will be done at the 1050 E Valencia Rd lab under J Lamar Dunn. Research focuses on geography terrain atmospheric effects operation schedules antenna orientations and frequencies to improve equipment compatibility. The issue has grown with new surveillance drone missile and satellite- linked gear. Bell has studied interference at Ft Huachuca for over two years.
MENTIONED IN THIS ARTICLE
Tucson
Textron
Bell Aerosystems Co
John H. van Lonkhuyzen
Bell Aerosystems Avionics Division
U.S. Army
Tucson Research Laboratory
E. Valencia
J. Lamar Dunn
Army
Bell Engineers
Dunn
Bell Company
Electronic Proving Ground
Ft. Huachuca
Aluminium Pact Deemed Noninflationary by Labor Secretary
Secretary of Labor Arthur J. Goldberg called the aluminum industry settlement with the Steelworkers Union constructive and noninflationary. The agreement, signed by the union and five major companies, contains no wage increase but adds improvements in vacations pensions and supplemental unemployment benefits.
MENTIONED IN THIS ARTICLE
Washington
Arthur J. Goldberg
Steelworkers
Hayden Seeks Release of Stored Cotton From Stockpile
Arizona Senator Carl Hayden urged passage of a bill to release 219,500 bales from the U S strategic stockpile. The plan would free 47,500 bales of domestic extra long staple cotton and 172,000 bales of foreign grown cotton from Korea era purchases. Hayden said domestic stockpile needs meet rising mill demand, noting 1962 crop won t cover it. The measure is backed by the National Cotton Council Supima Association of America and the Agriculture Department.
MENTIONED IN THIS ARTICLE
Washington
United States
Arizona
Carl Hayden
Hayden
Senate Committee On Agriculture and Forestry
Secondary offerings and stock price effects explained
William A. Doyle explains how secondary distributions affect shares of XYZ Corp. A large sale via underwriters tends to anchor the open market price near the offering level, typically around a set price often below recent values. Brokers earn sizable commissions, paid by sellers, for acting as underwriters.
MENTIONED IN THIS ARTICLE
William A. Doyle
XYZ Corp
Tucson Man Sues Supermarket for $100000 Damage
Joe Kuntz files a $100,000 damage suit in Superior Court against El Rancho Market in Tucson claiming severe injuries from slipping on a bar of soap in the store on May 6. He alleges negligence for allowing the soap to remain in a walkway and seeks damages for bruises and impaired livelihood.
MENTIONED IN THIS ARTICLE
Tucson
Joe Kuntz
el Rancho
Speedway
Kuntz
Polo Village
Harold C. Wheeler
Goats Trigger Alarm After Reflections Shatter Window
Police responded to a burglar alarm at OK Metal and Irons Works in Ardmore Oklahoma and found the front door plate glass window broken. Inside two billy goats were observed, reportedly seeing their reflections and attacking the glass.
MENTIONED IN THIS ARTICLE
Ardmore
Okla
UPI
OK Metal and Irons Works
Can 17 Million Stock Holders Be Wrong
New York Exchange census shows 17 million Americans owned shares by 1962, up from 6.5 million in 1952, highlighting rising participation. Many newcomers treated stocks as a quick path to wealth, fueling a bear market as prices and speculative buying grew.
MENTIONED IN THIS ARTICLE
J. A. Livingston
New York Stock Exchange
Keith Funston
Exchange
America
Wall Street
Bowery
General Electric
American Telephone & Telegraph
Lichty
Gilbert Fled for 'Best Interest' as Grand Jury Indicts Him
Edward M. Gilbert, former president of E. L. Bruce Co., fled the United States for Brazil claiming it was for the best interests of his firm. A federal grand jury in New York indicted him on charges of converting about $1.95 million. The indictment notes possible transfers to Paris and Swiss accounts, plus an $3.46 million tax lien. If convicted, he faces up to 74 years in prison and a hefty fine. Gilbert contends all funds were used to cover margin losses and insists he acted in the best interests of the company and himself. Government will seek his return. A court referee is to sort Gilbert’s finances, including $80,000 in art and furnishings.
MENTIONED IN THIS ARTICLE
WEW York
UPI
Edward M. Gilbert
Brazil
United States
Gilbert
E. L. Bruce Co
Rio de Janeiro
E. L. Bruce
New York
Paris
South America
Manhattan Cafe Society
East Side
Bay
Wall
Fifth Avenue
Rhoda
Car Burglars Get Terms In Prison
Three men convicted of burglarizing an auto at the Tidelands Motor Inn on April 6 were sentenced to state prison. Freddie Lee Watkins, 24, received 3 to 5 years. Robert Earl Wilson, 33, and Ernest Dawson, 33, each drew 2 to 3 years. Watkins got the heavier sentence for arrest while on bond. He had been charged with strong-arm robbery, later dismissed.
MENTIONED IN THIS ARTICLE
Tidelands Motor Inn
N. Stone Ave
Lee Garrett
Freddie Lee Watkins
N. Perry Ave
Robert Earl Wilson
E. Linden St
Ernest Dawson
W. Kings Rd
Watkins
Also Mentioned on This Page
Catalpa
Gilead
Green Hand Nursery
N. Stone MA
Rex Morgan
The
Business News
Bell Lab
John Hazeltine
Tucson Clearing House Association
American Airlines
Phoenix
Equitable
Lee J. Smith
Pioneer Hotel
Smith
Chicago
Los Angeles
D. C. Eaton
Prechuu
Pam Ory
Coupard
Brunswick
AD. NY
Blackwall
P.T. Nylon
Beless
Whitewale
S. Craycroft
North 27Th Avenue
E. Main
Mesa
1St Street
Buckeye
E. Buckeye
A.D. NY
van Buren
Grand Avenue
Glendale
Black Canyon
Arizona Avenue
Coolidge
Sierra Vista
Baseline Road
7Th Avenue
W. McDowell Road
Whitewall
Blackwall — Exchange
Jax Wees
the Daily Investor
Business Outlook
Onics
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