European Stars And Stripes (Newspaper) - May 6, 1962, Darmstadt, Hesse May 6, 1962 the stars and stripes Page 23 unchanged a Market fluctuated wildly Tore up Rae Stock fluctuated violently of the. T volume of the year Lis but closed shewing Little in the popular averages traced out what techno Call a Selling Climax in the first two sessions dropping sharply on heavy volume until tuesday noon then snapped Back smartly to a wild rebound before the close. Ith popular averages were Stock Exchange closing prices it tic �514 a 44 to Tab in 18% 23% Max tit 44% Tib Tiu 20 b3m 4s Lik my 47i 24 Itu of Tami 4 �4 i air 45 10 is 144. 7.wei 44% 44 wid of my pfc wow 4nw 44 17a 84 my tuft of pm Stow a i a a. 27 40% 47v4 my 8ihttt 21448% 43h 71et 8114 41% 44% % 26v4 84% 50% to to Tolt to Rorm tic w Oft to new h b to Nina Twa talc out 20th cd ref a arb i8 a88 27% 31% 11% m 3 m $4%i�v wits 19 z7 80% 17% mixed on wednesday but Rose sharply again the next Day on i minis Hong turnover indicating tha1the bears were worn out but no for Long. The gain was Swallow Tup by a renewed Selling outbreak in the final session. Until then the action was mainly technical with trained govern Niento big floss relations apparently on the mend. This belief was shattered by the term new York a Standard and poor s 500-Stock Index my 4 apri 23 439 69js 61.53 25 Sci Judi 31.79 3ij7 e0 ult liw iij2 3.02 Kun Stock s8j4 68,30 44% 11% a Otic Umar Guam us Fruh 47 i48 17 4 it Tyml huh Parr a i bum what fab Waht Lutr we Oil we Hort Votto fit in Westt %46% 48 a 39% to 7 15% 28%nvi 87% 27% 83 7s k 22% 52% 44% 196v, he 82 4 31% 3 7 4 w515% 57i /. 25%2% 30%27% 44% 80% 74 of to 226et Mutual funds prices mar 4 apr. 27 Sid ached Bio a 4.4j to 74 u 7j� Raj i4jb 14414j� m2 m4 ils7 of him17.7 Omi. I in. Tar inc pm 11 a lt.49 im7 Tim. Hui he t7.lltul to sj4 &7 it jmj4b -4 1m7 a ibj8 Teaf of us Lumb j7 few it 4.fj t.48 it c. 4 Eom Gnu it 8 a 4-4 Al m3 t. Uts 1241 is.23 ia.i7m� 141 t.11 my i4j4 14.47 lfl.7b 1bjb emf a Btl f4. Inc it. Two pm a to tvs Laifed wm0 Obj Muae to twp tit hip �. I soft i4j 8.44 i4.bi and the nuances of extended government control Over Industry implicit in the recommendation of presidential emergency Board for a new wage contract Between the railroads and no operating employees. The Board called for a total gj3 cent an hour wage increase Retro Active to May 1, when the Industry wanted a freeze on some wages and a 20 per cent Cut on others. In other developments Auto out put was scheduled slightly lower next week and giant . Steel banked some furnaces because of a Lack of orders. Also hanging Over the Market was the threat that profit gains Over 1961 will become Jess pronouncec1 As the year Pearson. Minor loss the inclusive Standard & poor s500-Stock Index closed at 66.24 for a minor loss of 0.06. In the Dow Jones averages industrials dipped1.00 to 6tl20, rails Rose 1.92 to 140.68 despite widespread Selling on Friday and utilities dropped 4.00 to 134.77. Trading for the f be Day period swelled to 13,570,710 shares from 17,424,654 the week before and23,065,800 shares in the same week of 1961. General Telephone ranked As the week s most Active Issue losing % on 253300 shares. It was followed by general motors up 2 on record first Quarter earning . Steel Down 1% sex dividend to a new Low for the last four years american Telephone up 1 and Royal dutch up reflecting favourable state ments by officials at the annual meeting Bine Chip among the other prominent Blu chips were Bethlehem steel off 1%, Dupont Down 3, Eastman Kodak up 1h, Alcoa off 2, Owens ill i Nois off 1%, Procter & Gamble down1 and Union Carbide off 2%, general foods lost despite dividend boost Rose it on higher earnings american to Bacco added 1 on a favourable court ruling in a cancer suit and stand Ard Oil of California picked by an advisory service As Stock of tide month Rose 1%. With 1,475 issues traded during the period 578 advanced 52 to now 1962 highs and 731 declined 568 of them hitting new lows. Federal Board rules mine Mill Union infiltrated by reds Washington a the .subversive activities control Board has found that the International Union of mine Mill and smelter workers is a communist inf Ultra de organization and there fore ineligible to represent pm Clay salutes Berlin troops prom Prew dispatches Berlin Gen Lucius d. Clay ret saluted american troops for holding Down the safety catch along the tense East West Berli Border. In a Farewell message to the6,500 . Troops Here Clay said "1 have never seen better troops i peacetime than those of the Berlin Clay president Kennedy s per Sonal representative Here said he had seen the soldiers handle themselves with Complete restraint and coolness in situations which could have developed into use of Clay returns to Washington tuesday after a meeting Here with West German Chancellor Kon Rad Adenauer. His message was carried Friday in the . Army weekly the Berlin observer. He said the Berlin brigade Hasa responsibility a Berlin As great tis that military responsibility which soldiers Bear in tune of ploys under America s National labor relations act. The Board s determination out lined in a 97-Page report upheld the findings of Francis a. Cherry a Board member who had sat As an examiner in the Case. It is quite Clear from the Evi Dence that Many important functionaries of respondent the onion Are and have been members of the communist party and that other important functionaries Are per sons who Are and have been amen Able to the communist party the five member Board said. The Board was set up and oper ates under the 1950 internal Secu Rity act. Cherry had heard evidence inthe Casa for More than four years up to May 17, 196l he had heard nearly 150 witnesses and viewed More than 300 exhibits in proceed Ings logged in 9,721 pages of Tran script. The Union for years a major organization representing employ is in the Copper Lead and Zinc mining and refining industries claimed about 100,000 members in200 locals in 1959. But More recently its membership was re ported to have dropped to between50,000 and 60.000. 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