European Stars And Stripes (Newspaper) - June 11, 1962, Darmstadt, Hesse                                The stars and stripes Page 23 tax Cut vow asked Economy aids 1 by week Toutain income tax Cuc and floor action to keepfri1", v-1 at Hope of g,aj962econpmfc output not put ionae of the decline p  i Wall nailed con elective next jail. Adm Nistra nation came monday from York speech he gave no. A Aldrath conference thursday that the pro visions. At the tax Hill Jwon t be completed until this summer. He added that the recommendation will be sent to Congress is year. I Flor Kennedy,decl3ned,to  reductions might be. But he did a that the cuts would not be completely but out by other provisions " of the measure which presumable would be designed to recover some of the lost  Congress to act Quick Lyon e co Jio mlc., measures he has urged the president said a there is nose editor us to stand helplessly by and watch our econ omy run but of  of these measures he said would give business a 5l3 billion in Centle to acquire new plants and equipment standby authority to Cut income taxes by 5 per cent Ifa recession threatens repeal the 10 per cent transportation tax on train and bus travel. He contended that the Economy has very Good vitality and with a shove from his recommended legislation could come near the $570 billion Gross National product level currently the nation s output i running Between 5550 and $560 Bil lion a year. Recent developments including these in the Stock Market Are hold ing Back production he said under questioning. Or. Kennedy attributed the Stock Market decline mainly to an Over priced situation saying that Finan Cial experts had realized for sonic time that it would not hold up after realization of the situation. A Florous Nadler c 0 n s u i u n g economist for the manufacturers Hanover Trust co. Of new York commenting on Dillon s earlier speech had sold details of the tax Cut plan should be spelled out soon. I be Lieve a reduction would be a Good step in that it would automatically increase disposable  brokers Felt the Dillon announcement monday night played part in arresting a Stock Market fall that had been deep that  discounted it saying that prices were ready for a rebound from the Low Levels to which they had fallen. Ifs Sites Iii stocks lower in a sharply trading on. The american ast week Paral tie Callori on the  i in All amex stocks to � nimble 5,284,405 compared with a 962 mgh53,1bo shares in the previous or shortened week and b,955r the like week of 3361. American vew Gar sales rocket despite Market slump Al t. N changed its mind about Mak rights offering to Stockhold i made it a Public offering win the most Active ame dropping 93ft, on 87,800 followed try Occidental aft a Liebb be Kii App aged. Great Bairn Tetro uncharged and cinerama narrow their big Board relatives lies on the a3ne c were Nar i featureless. Creole lost 1%olls Wale Louisian to and and Calgary Edmonton totals Sli web Stew York & Jura Rosario up Horn a hardart 12 after cutting its Bend Ford of Canada Ras Auto where Simca dipped Sohack shaded is Samong the and syntax slipped 2% in r r -1 the Jno Nej stocks Lasur a Forth America eased 2 and ii Cial general dropped i. The 10 most stocks traded on the Amer Ock Exchange during the i Pel Knpp 49,100  � ill 47,100 it Ivi Lei Exil Iange s 19 mos stocks imbed Jon the new Stock Exchange during the " .212joq Hubli t v -11 4850 21v,30v, ii a. Tos i6i pm -a4 at Ai r.7 Lujus a 20k 20%1 i42,"�m ,87 it3% r Lund is two 16% 15% i4 i to. 2ss 371 ear new car registrations which often lag be Hind sales totalled 2.86630l not since Ford took 60 per Cej of the Market during the Peak Oge to build Korea Plant Nev York of Ali inter National general electric co. Sai it has contracted for $23.5 million to build a 132.000-kilowatt" steam Power  near Pusa for the Korea electric co. Bid travellers up Federal insurance 7 to 129 Down 8 but to Bank stocks were soft featuring Empire Trust at 260, off 10 fiduciary Trust at 53,. Off 2, Aad us. Trust at 110, off 10.industrial highlights included v Anotle chemical off 5 to 60 Western publishing off 3& to 31, Sprague electric up 4 to 65, Puro Lator up 4 to 40, Kalvar off 10 to 305, diebold ahead 5 to 43, Beauty Counselor off 6 to 35 and Baj state Down 4 to 43 really tomorrow in the Home key West Fla. Up such wonders of the future As family sized computers to program meals and motor driven furniture Are Al ready Here a spokesman for Gen eral electric co said. , executive James f. Young told a meeting of the Florida municipal utilities association that new technologies have come sofas we have a Long Way to go to catch up with a future that is Al ready  technology he said is advancing at a Pace faster than society s capabilities to absorb and use it. Foung pointed out that 90 percent of new electrical appliances purchased today were fitted into kitchens designed 10 or More years  of the inventions designed for the House of tomorrow incl deah electronic accounting system for Bills a portable refrigerator that can be pm tagged into a car and Remote operation of electrical servants Young said. General foods studies shift of jello Plant Wilmington Del. Up general foods corp said it is con ducting a comprehensive Survey of possible locations for a processing Plant for its jello division. Representatives of the company will consult Here with officials from Delaware Kent county and he City of Dover concerning the possible location near Dover of consolidated processing Plant for the  proposed Plant which would employ about 1,200 persons would consolidate operations now con ducted at the jello dessert plan in Leroy n.y., the Franklin bake Coconut Plant in Hoboken n,j., the Walter Baker chocolate Plant a Dorchester mass., and the Milnut Plant at Orange mass. The first relocation would prob ably begin late in 1963, a spokes Man for the company said. The president s statement failed stir the Market up Friday. Wall Street analysis indicated that de ails would have to be spelled out before investors translated their pinions into action which would affect the  of trading which had cached near record proportions in he previous hectic week fell off. Some brokers saw in this a Hope or Market stabilization which May e followed by an Advance. Others in a pessimistic attitude earned that this was t Nec Eisar by the end of the Sharp decline which began in mid May. Some said the factors which were  for the Panicky Selloff of May 28 lingered realization that Stock prices had gone too High of Confidence in the business Outlook a growing belief that inflation hns been halted and upset Over the Price Battle Between the government and the steel Industry. The new York Stock Exchange announced it would Analyse the f re n tic buying and Selling tha threw the Market into an uproar May 28, 29 and 31. Auto the automobile Industry zoomed along at the head of the Industrial Parade. In May i t sold 656,837 made passenger  general motors with sales of 381,447, it was the biggest Mon thin its history. Industry sales since Jan. 1through May 30 totalled 2,837.000. Production this week wag Esti mated at 151,434 against 121,321 last week and 127,383 a year ago. On the other hand steel production fell ast week for the ninth straight week. Output of 186.000 tons was 3.6 per cent below the previous week. With the Industry s production Down to about 55 per cent of capacity from 80 per cent at the end of March producers ordered layoffs end Short work weeks. A department of Commerce sur vey indicated that manufacturers expect continued sales increases through september but Are no looking for a Boom. A n o t h e r government stud showed that businessmen plan to spend $37.2 billion this year to expand and modernize plants and equipment. The 1961 expenditure was $34.4 billion Ball agreement Lynn a. Townsend president of Chrysler corp., called business conditions highly favourable in a talk to the Georgia automobile dealers association. He cited record High sin total employment and personal income highest new capital a Pendi Tures since 1957, expansion of construction increased retail sales and Best new car sales since .1955. The railroads and u unions rep re s c n  g 450,000 Nono Perang workers agreed by recommendations of a presidential fact find line Board which provides a wage in crease of 10-28 cents an hour i think the carriers feel tna.1it s too much and we feel  s too Little but we have reached an agreement and that s it. Conv rented George e. Leighty Man of the committee represent a ing the unions. Stop order can t guarantee seller of no loss thin feature is presented As a service of the Alex investment Center e in cooperation with the firm of Bache a 7o, q. How can i use n Stop order to make certain that i will not Hrire n loss a. There Are no guarantees in the Stock Market. But there Are ways to protect profits or to n certain limit if you i ave bought a Stock at $20 and i has  to $25, you might want to protect your profit. One Way is to simply sell the Stock it $25 and be finished with the transaction if you think that the Stock might no to $30. You cons Dei using n Stop order As you know stocks in this Price Range can move up my Down u Point of so without having too much significance. You might the Thorp place your sell Stop order at $23,75. This Means that if the slow 23 or even s23. This will depend on w Etc the next by t is that or Lindy is willing to Pitvor the the reason 1 said that inert Are no Gimli inces in h Stock Market is that there u always cd danger that the company might lose a big contract omit the dividend or something else might happen. In this Case the Stock which closed at ?35 one Day might reopen at s20 and automat Caily elect Yoor Stop order which could once la ably then sell at $19.i5.the reason the Stop order is useful is that the Stock might Only drop Down to $24 and then turnaround and shoot up to 30. But if the Stock does sell at $23.v� first there is the possibility that it might continue to decline to w9and you would end up with a potential toss