European Stars And Stripes (Newspaper) - June 4, 1962, Darmstadt, Hesse On a sunny Day draw the stars and jtr1pes Noncen ration on taper every. Nem reports were he still the Market took a met , 1yae&s-? i Secretary Dotty Tastrom Cwi Ference a ajl Dent f Tsih Tiedy saying n t be any reason for i hic. Of 4 a 1. Via Heller chairman of the Owoundi economic Bat economic pros f j i i t i r provided no basis Tor the disturbing correction then in l -., ,. But the drop happened and i brought reaction. I Commerce Secretary Luther Hod is one of the top admin str Tki l officials recommend tax cuts to Spur. The Economy. The houses a the joint economic cont Mittee scheduled a investigation the securities and Exchange cent Mission reportedly planned to Turna piercing Eye on who was buying and who was Selling %._.? the frantic Market activity r Ere a Ting recoil lags in the ticker tape and running up near n record vol Umes of transactions made accurate interpretations of what was happening difficult.1 alter the dust cleared Folio Wing the recovery that began dramatically Early tuesday afternoon some statistics stood out in Sharp relief.1 one was the Dow Jones average of 30 Industrial stocks which bad slipped at its lowest Point to a Fevel about even 563.24 with what the Market had been in october of i960 when it began the steady upturn that came to be known As the Kennedy Bull mar Ket this meant that the deepest drop in this average never carried it very far relatively Down the slope that it had climbed fairly steadily since the War. This seemed to jibe with the analysis Given by Heller or. Ken Nedy s top economic aide who attributed the drop in part to growing realization that inflation is not f Way of analysts had been saying for months that the Market was Riding for some kind of fall be cause so Many investors were ignoring earnings and dividends to look Only at gain in Stock Price themselves. This practice which seemed Way to beat inflation by Riding its Crest had posted prices on Man stocks so High that actual returns were a tiny percentage of the buy ing Price. When investors began to doubt ranter shows rebound. / it a rat Ives York Kupij 5 stocks in a Hodge podge of gains s after a weel of the mos tiding of the year on the Exchange. � the memorial Day int run swelled to 12,653, re against $$ff&58 the for and s96s310 in the Holiday week of 196x la the 10-most-Active were All narrow., the top Israel american Oil up Aff Lerlean and up to Knapp unchanged great Petroleum off 34, and old eur Oleun up incs showed few big although Chii and tech it ions each dipped More the oils signal it fell Suic air venezuelan " 2. Showed new Jersey Zin centum of f 4t4 and its Down 3. Yorito the _10stocks, traded on he Stock " Exchange last Sim Ctm Choc m1300 a in 129,200 the 30 mos stocks traded. On the new t Exchange last week Vav 46i.om a Mot. The 32 a c "t�5ww 1 92% 37 a tips on the Stock Market in Means to investors this feature if presented 09 service of the Alex investment ters i cooperation r with the first m backs a co j i what a. Meant by buying on ,buying stock1"on Targin Tsinke buying a House on credit. In Stead of paying full Cash for your Purchase you pay a certain per Centarri of the total Bill. Today Nia Gln is ,70" per. for ail Ted Stock comes Toi?2,,/your initial margin requirement would . -91.400. The brokerage House Loans you the Dif Ference of $600 on which Youj pay of Iowa Yusra mini Mimi margin require meet by s1.0ckq. Who determines what the margin rate Shau be a nth few Board of governors of the Federal Reserve system " a a v
