European Stars And Stripes (Newspaper) - June 15, 1962, Darmstadt, Hesse Fhe stars and stripes Poge 23 serious setback in As Many Days ,.r ? Vroni Page 1 10 in the. Analysis again i the Selling emotional investors unloading to save swore at it loss the Market s frantic ions a. 1 \ " . Who1 was asked recent statements t y rfcs. Off Ciaire were affecting replied for a cd t with they d shut up j Gong,5 the Market one of psf worst1 set of crag plunge on died turf its lowest level in 18 months on average Ren a May 28 was the / mob. -. Varied tossed ranged rom Frac i around five Points a share were much More severe. 500-Stbck worst lots Ini dollars and cents history based on the Index quoted value ". Of All stocks on the new York Stock sex los nearly $7 Toulon 1lie p 425 Pridus Treais were Down the j 500 Index was it level,1 jul Nee Jiovo. 2, when it was at 5122, was another Broad Market honeymooners g to i n nooning Prince Juan Carlos if n and Princess Sophia of t hav arrived in this italian j resort they of sailed Here of Monab Boax tie yacht which has been carrying on a. Mediterranean Honey i since their marriage. In Ras a month ago. With 1,317 issues appearing on the j of these 965 declined. 186 Eva need and 186 closed unchanged. A there were 276 new lows Tor the year and Only one new High j virtually All the ajor Market groups were Down Nard at the close. These included the rails utilities chemicals autos tobaccos steels and Petroleum the Blue chips were particularly hard hit the i Dow Jones 30 industrials plunged 11.04 to 563.00. Volume Rose jux 6,240,000 shares the highest since May 31 when 10,710,000 share changed hands and chips Dupont skidded around 4. Eastman Kodak 3-and Allied Over 11 in a weak chemical Section Alcoa Anaconda general foods Procter and Gamble t Harvester. And _ Jjohns Price on $10.000 new York Secre tary of Commerce Luther had reported a May decline in real sates a drop in first Quarter corporate profits and smaller than usual Advance in per Sonal income. Despite these developments Hodges told a news conference that the Overall figures on the Economy still look awfully asked if the Economy could continue upward through january without an emergency tax Cut Hodges said you re still going to have Good business. You re not going to have Zull economic Hodges said he believes business is operating at considerably less than full capacity because invest ment in new and More efficient equipment is Well Short of what it should be. He said a second important fac Tor is the tax Burden on both individuals and corporations which he describes As so heavy it i slightly discouraging after making adjustments for Normal seasonal swings and differences in the number of trading Days from one month to another he said May deliveries represented decline of about 1 per cent. However the Secretary sold most retailers tend to look at compari son with a year earlier because one month does t control the eco nomic picture. May sales he added were 8 per cent higher than the same month last year. Say. A a1 27% a 9s1,a per Lociro Mej Tell Law a. Pierce Penner & Smith Frankfurt Toi. Mutual finds prices. Nolc Funt in8iq a6keo Bio 1m-. A.1 .46 l. 4.18 .s4 .23 International lt.66 16.1 3 is.7i to. A Tal we. In trait nil sep., 01, series nth i by i Viilet Vaie. Of a Mimi to it Art. Apr Ted it flow n jijlj_4t_ United 9-a 9.000 year old Wall was discovered Nea Bethlehem by a Spanish expedition the Jordan antiquities department announced. A its fined Camp Howze. Korea Cap two . Army officers were reprimanded fined $?00 and suspended from command functions for six months thursday for Benting korean May 29. The incident had touched off storm of South korean demands for jurisdiction Over american servicemen who commit offences while off duty a nine member court mar Tiff imposed the sentences on 1st its David w. Swanson. 25. Of gales Burg 111., and Thomas a a Ltd 25, of Wordsworth. 111.the two pleaded guilty to charges of unlawful detention As Sault and Battery Antl giving false testimony under .oath.the1 military court deliberated on the sentence for More than a hour. The fines Are to be paid in $100. Monthly sentences Are subject to re in beating of korean from higher authority to Stop i certainly did t mean to b1 cruel he said. Wilde said the beating incident of curved because of great Effort on the part of his unit to control theft " everything we tried was a big waste of time. He Santti col Thomas w. Mellerio of Paloalto. Calif., co of the Battle group to which Swan Soto an Wilde Are assigned praised the to
