European Stars And Stripes (Newspaper) - May 21, 1962, Darmstadt, Hesse The stars and strikes Poge 23 gear Good Road signs that r lip again 1 for a Industry showered economic landscape last " i " in reports from Wash a Jie from stockholder Lin a jew York Chiea Govind i Detroit capital streetcars differ Joti their r All the technical i a . Particular bet represents 1 Levels of 30 Industrial what happened to stocks some to the Stock Market Chicago Engineer Aobert Aid he is i indicators Point but keeps he said., a in Washington tues iry of Commerce Luther. 1-jl in of personal income forthe figures for the month and a year ago. T a was happening in the to 120%, and lorm similarly it about the earnings t is the ratio of nth Jue of a Stock at the cur ret Price to the dollars " e 4lvidfinds-n per year. How much of a Taefi Back for the dollars1 -1 v live Estoest during the latter of 1961 and1-on into 1362 feeling that the ratio was too High. It Arae of mind of this kind or May not choose to in Foa Tever might be the Long Strib of1 the company or behind the Stocki decide which reports Tria actions on 1 the Market was Mori than 30 minutes behind telling Wilkat was going Onat the e flo6r of to in the broke i houses on those 5 million share Ferit out they a f matter Bat a Dollar does t into a a Stock Market Pute if thercy " onday so Man people that for the a Inch wide paper strip Mcc Nuy wet Gen a Elba of Eidul pet 14,390 7,500 Iva of Aii 19 a counter stocks at lowest level in nine months new York up stocks traded Over the counter closed lower last National quotation Bureau Index of 35 representative stocks closed the week at 125.51 the lowest level since August 8. 1961. The Index was Down 3.45 on the week. It touched its i High for the week on wednesday at 126.69. Insurance stocks finished lower. Among the major movers Franklin life was Down six to 119 and general reinsurance lost 5 to 175. Banking issues were also handed losses. Empire Trust gave up 5 at305 while Chase Manhattan was clipped for 4 at 77%, Bankers Trust dropped 3 4 at s5&,Industrial issues were irregularly lower Beauty counsellors was Down 4 at 43. New York up the 20 most Active stocks traded on the new York Stock Exchange last week climb. By the end of the Day the averages were up institutions and funds came into the Market to try for the stocks at the Low prices and they bought. But wednesday the Market was a bit aimless Market has fooled a lot of people said one analyst. Two weeks ago. It looked like it might have bottomed out reached a Low level for the time. It fooled me. The indicators this time did t has been in an emotional Market is nervous said another. People Don t know what is the question of Confidence or Lack of it. Is one which will draw debate from Wall Streeter. De pending on the Short of the Long Quick reaction of the administration to a proposed steel Price increase dropped the Stock averages on the second trading Day after the proposal was announced. They climbed again then fell off steadily Tor the last five trading Days of april the second week of May they Slid every Day. Premise Here is that with government keeping prices and wage sin Check the factors that would drive stot k prices up Are restrained. And some find the securities and Exchange commission s year Long investigation of Stock Market Deal ing a curbing Factor it brings Cau Tion and there Are a few who Eye this Quality so optically in a risk capital Market. But the statistics mostly looked Good last week. Industrial production payrolls the hours that people worked and the personal in come figures went that inflation 1 can t see that it is said one member of a brokerage firm who has been a said High Tow cloth Clundt am t t 15j, 22ta m3 120 Gen m Row 287.300 so a 49m 52 a u,8. Stoml 203, 59vi soft my a t a Al 191.200 33, Zih sir hate i600 48 2a 46 8td Oil no 181.600 s4 a Fri 53% Royal Dutrh i75.70d 35i f a Tex quit St i l9job 17v, i4 1 is 160.100 ii s3 94 157.300 24v, 2h 7 23 Polaroid 155.600 i58h 137 my sch St 39 30% 8 Brun Wilck Carp 132,900 3414 12 32 4 Lockheed 130,700 46 it / 457i Ford 129.600 937/b 8s% 9i � com Salventi i2j.ioc 16% 22% 24 a Federal investigation of the Security business yielded testimony about some questionable practices and contract negotiations Between the nation s railroads and their operating workers struck a Snag. Summarizing the Outlook chair Man Walter Heller of president Kennedy s Council of economic advisers said the Economy had shifted into High gear after a Lagin the Pace of recovery. I expect to see a sustained and Vance in the months ahead Hel Ler told an audience of new York state accountants. One of the Rosie St reports the Federal of Reserve Board find ing that Industrial production Rose More than a Point in april to a record 117i per cent of the 1sgt average the Index climbed in the face of a slide in steel output expected in that Industry because of inventory accumulation by Bis user of the Metal before steel labor peace became assured at the end of March. Income cup too the Commerce department said personal income Rose by More than ?2.8 billion to an All time annual High of s438.7 billion. With Auto sales Bowling along at the fastest clip since 1955. Pm Rin the first 10 Dynya of May cornered 61.6 per cent of the Market the biggest share since the Days of Henry Ford and h s tin pm previously had enl feed up its biggest profit Ever in first production of ear held practically Alfea it of the rec Ord level two weeks Agio with aft estimated 156,000 rolling off the Assembly , american motors and Stu Debaker sales All ran ahead of year ago s Pace even though Ford s relative slice of the soles pie was product the com Merce department said hit an an Nual rate of 5548,3 billion in the first Quarter up better than $6 Bil lion from the preceding three months. Unprecedented it Ture also at a Peak non farm pay Rolls listed 54,699.000 names an unprecedented figure for an gain in housing Start 8 per cent put the seasonally adjusted annual rate test month at 1542,000 the census Bureau were indications that the Stock Market May have stopped. Working in Wall Street since 1327. I for the time being anyway a dizzy it May be in Check for a White. But it la keep of you need a Good Economy for a Good Market said another. You need business to create jobs if it i going to be sound. The admits j Rution will to trying to stimulate i i Al j business again maybe in a Subtle pfc h4 -5 Mvi a 4ki Ria � Rry und can Eire 1 1 $.600 s7v, k from 111.500 19 i71/, it to 1.200 71% Gnu to i Way. Free Enterprise in Russia Moscow full the news paper red Star has described How a group of racketeers Virtu ally converted a military accessories factory to Leningrad into a prior of Plant producing pens folders and shaving goods. Should stocks he left at brokerage office this feature is presented As a service of the Alex investment centers in cooperation with the firm of Bache a a bold i leave my stocks at Lite brokerage office a. Stockholders have the option of leaving their securities at the brokerage office or having the certificates sent to their Homes. If you instruct your registered representative to Send the certificates to you you Are responsible for them in every Way if you lose the stocks you have to pay about.6% of the Market value to have them re placed this is the main disadvantage the Norou receive dividends it is your responsibility to keep your own record for Ncoma tax Pur poses. If the corporation sends rights to you. You must remember to exercise the rights or sell them. On the other hand. You have the advantage of receiving All reports from the corporation directly and More quickly. When you set the stocks you must deliver the certificates to the brokerage office this might prove inconvenient. If you decide to Leav your stocks at the brokerage office you Are Jerk be from Wory of loss since the brokerage offices t hat Are mom bars of the new York Stock Exchange Are insured agn St tosses very month the brokerage office sends to you a monthly statement which lists the stocks that they Are hold ing for you and the dividends that they received or you. It to possible that you jul not receive All from a corporation because the corporation might no Send enough of the literature to the brokerage office for Complete distribution. You May have o request some of the Litera Ture. When you sell a Stock you do not have a delivery problem since the certificate to in the brokerage is possible to have your cake ent it too by having the brokerage House Register the certificate to your name and have them keep k in his Way you will be Nolc .0 avoid possible losses Andy Ili receive All literature and dividends directly from the corporation. Year earlier. Plunge that at one time on monday carried the Dow Jones average of 30 Industrial issues Down More than 100 Points front its dec."i3 High of .734.01a dramatic rally followed the big sell off and continued for the better part of two Days before petering out the churning activity had the ticker running 34 minute behind floor transactions the Long est lag in 29 break of in talks Between Railroad management and five operating brotherhoods at Chicago underscored deep problems on work rules and hinted at trouble ahead later in the year. Steel talks in new York representatives of aluminium co. Of America Industry bellwether opened wage contract discussions with the United steel workers Union to replace a pact expiring july 3v among the scattering of companies with disappointing news for stockholders was Anaconda co., big Copper producer Clyde b. Weed chairman called 1961 profits of $3.93 a share inadequate and said the horizon was Cloudy. Around the business scene Gen eral electric co said it will enter the pottery business and plans to build a Plant Nestr Gainesville. Flo. A strike of employees disrupter service at the Plush Waldorf As Toria hotel the Sis billion Sinclair Oil co. Reported a drop of More than 20 per event in january March profits compared with
