European Stars And Stripes (Newspaper) - April 29, 1962, Darmstadt, Hesse                                I took severe drubbing or higher expected  than Button in paper steel Industry sit be Aon most tee Osing prices Mutual funds prices 9.41 a Maui a it 19.12 14014.2  i4.lt Mtsat 14.4? 4mj 14tui  in or a Wei ims the stars and stripes Page 23 a Quentlyn offered for the big spill. Many major steels reported earn Ings considerably above the de pressed first Quarter last year buttressed the increasing Cost Price squeeze and the deed for govern ment Aid through liberalized depreciation. Statements by government officials added to the Market s woe. Treasury Secretary Douglas gluon asked or business tax credit legis lation to guard against a possible business downturn in 1963, and Commerce Secretary Luther Hodges warned that the president might act against the aluminium Industry As he did against steel it the Light Metal makers also try to raise prices. Despite All this there was enough cheer in the business and economic picture to make it hard for the analysts to account for the extent of the decline. First Quarter earnings for most companies showed a big bulge Over the initial period last year new car sales and machine tool order increased and March construction contracts were estimated at a All time High for the month. Be Many of the analysts co wrong for so Long about the trend of the Market were More timid than usual about forecasting the course of stocks this week. Although Many were hoping that Friday climactic bust had put the Market Back into position for at least technical rally few were betting on it. In the Dow Jones averages industrials were off 22,05 to ?72.20, rails fell 5.10 to 138.76, Utt Litie 0.79to 128,77, and 65 stocks 6.38 to 232.48. Trading for the period was the highest in two months and included the first 4-Milllon share Day since mid february. Turnover last week was 17,424,4 shares com pared with 13,458,120 in the prior Holiday week and 22,400,970 in the like 1961 period. Most Active . Steel was by far the week s most Active Issue falling 4% to of or year Low on 545,900 shares. It was followed in sales volume Byford off 14, Bethlehem steel off l Royal dutch Petroleum Down and general motors off 3k de spite a 99 per cent Rise i  inter profits. Other Blue Chip features included american Telephone Down 5%, american tobacco 4vi, ajcoa2, Anaconda 2%,.chrysler 3, Dupont 4%, Kodak 3, general elec tric 3%, Goodyear 2i4, International Nickel 3%, International paper2%. Johns Manville 214, Union car bide 3, and Procter & Gamble 2, during the week a total of Ariz. Sen okd format Gen Washington up the Senate has confirmed president Ken Nedy s nomination of sen. Barr Goldwater a Ariz to be a major general in the air Force Reserve the Senate also confirmed army maj Gen John h. Michaels pres ent cd . Army Alaska due to become v corps cd As lieutenant general and maj Gen William White Dick jr., 3rd inf div Egdue to become cd of the army air defense come As Lieuten argeneral. The action was taken without dissent As the Senate approved a list of military nominations. Goldwater an Active Pilot who to checked out in some of the air Force s most advanced Jet planes was a brigadier general. He was not present when the Senate acted. His office said he was in Phoenix praised by Dirksen Senate Republican Leader Everett m. Dirksen of Illinois praised Goldwater s faithful serv ice. Democratic Leader Mike mans Field of Montana noted that Gold water serves a commanding officer of air Force so 9999the Capitol s air Reserve unit be said the promotion is Well  other Reserve generals who Satin the Senate Are army maj Gen Strom Thurmond , army Rig Gen Kenneth b. Keating r-n.y., and air Force Brig Gen Howard a Cannon. Other nominations confirmed without dissent by the Senate included Donald s. Dawson Truman administration White House assistant As brigadier general inthe air Force Reserve. Maj Gen Arthur g. Trudeau As a lieutenant general on the army s retired list Mcgaver approval Mai Gen l. C. Mcgarr As lieutenant general on the army s retired list. It Gen Robert a Wood Ogof the army Ajr defense come due to become director of military assistance in the office of the assistant Secretary of defense for International affaire As a  Gen Dwight e. Beach army Deputy chief of research an development As a lieutenant Gen eral. Maj Gen Carson a. Roberts cd of air Fleet Marine Force in the Pacific due to become com Mander of the Fleet Marine Force Pacific As a Marine lieutenant general. Catholic men open 7th annual meet Berchtesgaden Germany is some 50o roman catholics from All Over Europe and North Africa met Here at the general Walker hotel for a your Day convention to discuss the role of the Lay apostolate in a changing world the seventh annual convention was sponsored by the military Council of Catholic men and was moderated by More than 40 priests representing the districts in the Council maj Gen Philip c Wehle chief of Maag France and Brig Gen Charles w. Sweeney commander of the 102i.d tact Ca fighter up addressed the gathering and Dis cussed the role of Catholic Menin a changing world. Catholic peace corps Wehle noted the Large number of Catholic men who soon will be retiring from the services and them to consider giving year in working through a Church organization to bring religion to countries in need of it. Wehle added that it would be a sort of Catholic peace  at the conclusion of the Gen eral s address. Chaplain col James j. Mcmahon Susareu chaplain presented the so Thom As More award to Wehle a a outstanding Catholic  msgr. Mcmahon said that this was the first time the award a made to a member of the military. Sweeney praised the healthy at etude of the american men of arms today As contrasted with upheavals of recent year in so Many countries around the world upheavals that were too often controlled by disoriented military  staff Eky Stod the convention is open Mycol Joseph of Mooney commander of Wiesbaden air keynote speaker Tor the Conven Lon was father Lucas Kreuzer. The following officers wer elected Mooney re elected a resident it col Arthur Brady Stjernberg Post engineers vice resident it cmdr Joseph o. Luccio Madrid Secretary and Ster Alt Ruder 3970th consolidated Tappy so Torrejos air base Spain treasurer. Issues were traded with Only 395showing gains and 1,068 declines the most drops for any week since the period ended sept. 18, 1959. New highs were reached by 79issues, new lows for the year by 383. New York Tal Standar Dand poor s 500 Stock Index 43e Ladue Triu it ital list Tull Ltd a mkt 19 a 344? it. 21 4.11 your guide to Good Stening ills the a if Lei. Wottom a n Moo by Mil vow ii 1700 Nan into Emuth 7� aft Blyn i a r1230 ims France Auto crash kills army private trois Fontaines Frances a pvt poll Al sniggers of Grandville Tex was affied one Quarter mile South of Chaaw N.Y.when his automobile hit a tree after sides wiping another car no one was injured in the other car driven by Frenchman Mili tary Poilu said Sel Gera was attached to he co army general depot miss album to Sihto Jos. A rtt 1130 Siuw rtmflt1215 0f but to pm if tote Tsi Mii Tom rat Steih to 1 pm tin c6rt�l�hw lit who cmimtwi43� ims �t5 tt�an0attt to test attn. A mime. U3� own. A Wev Iff 1606 by Putin �6� ep0itl�cftlrm 17n Mai in Tom i7� wow but in a i i7m am ill Phi or Tim