European Stars And Stripes (Newspaper) - June 25, 1962, Darmstadt, Hesse                                The stars and stripes b Page a the 1 a it i wed up Jnai the Eli Britt id is comm Lamont Chi individual in the first three months into Ort the Sec Sald sold. Worth Rijoff common and preferred Stock while they were$4.4 billion  deposits largest quarterly Viln   bar Renly $25 1n the first three months of i the lag jump was no news having already been reported brother government agencies. It is wide Jim credited chiefly to increases in interest  bought the $1 billion Worth of Stock institutional investors the. Report said. This category includes pension funds Mutual funds corporations brokerage houses and others. Individual buying of Mutual fund shares evidently weathered the shift away from direct owner ship of common Stock and in fact Rose slightly. One reason May have been that much of this buying is on monthly payment plans. These reported individuals bought s700 million Worth of Mutual fun shares against $600 million in the first three months of 1961. Stock Market Money apparently also went into marketable u. S. Government securities and corporate bands. Individuals bought $500 million Worth of . Securities less than in preceding quarters Butin Sharp contrast to the ?19l by lion of sales in the first months of purchases of corporate Bonds came to $400 million As against Jijoo million a year earlier. In All. Individuals added s&5 Bil lion to their savings and invest ments in the january March per Iod the Sec reported. Other ptas items included savings and loan accounts holdings of . Treas Ury savings Bonds insurance an pension payments and reductions in debts for consumer goods an securities. A Rise of $3.6 billion in mortgage debt was the Only other significant minus item in the Sav Ings  $6.5 billion Rise compared with 94,7 billion in the first three months of 1961. Hihcvw.1 i a ii j to Jairt a ref or Oil the  do Ai vow Aulii our Nii Ladt trial stock6t a rep rent Ai Eft at a Tw196spow of 104.79 Neal Assurance dropped 10 tobit Frank Iii life slipped 11 to., a. ,.i-8l___ Ufa Ujj -i.",1 guaranty finished at 101pn. A nil Nucal Bank new York vat a both off 4, and Empire drop Pei 10 to 230 among the Yar dote chemical dropped 6? vanity Fah closed at 49 and of two Pont losses Mohawk rubber Down Tostad Street to 47, chd to i6i Cannon common to 63 and. Avon " yiivf.-. Var planned " Merrt corp. Was 3ed a $23,415,000 contract Tola ls4-be4 veterans Hospital it a Fol bed the biggest Hospital pot up by the Veteran sad is to Start men Fri Tjie jul Story a shape is a replace meet for the res St Hospital at Wood veterans and Center. I _ i for the first three months  Ibcal year Imie a Sis or totalled c "or1 Smtth a of Rai. Arts Flat eve a i  new Yolk e a recession in1363? last week. Strike and threats of strikes and the Stebek Market continued it parse its downward course Ewan Clague . Commission r of Labeur  set off flurry of discussion when he told a conference on labor statistic that charting of the nation s Post War Economy indicate a recession it Rye Tavvy. Of " the Only question he said has been exactly when it is wining."., a vague added that it waa too Early to Tell the effect of the Stock Market slump but said that f it coat med to be worried about a recession Early in 1963 in Stead of  his Boss. Secretary of Labo Arthur Goldberg quickly Dis agreed saying. The economic facts Dot not Bear out such an As sumption a recession in 1963x seeking to clarify Biff remarks Clague said he was not predicting a recession next yeat historic amends rather he said i was explaining that historic trend which show a downturn in the Economy every 3 to 3% years when projected indicate an eco nomic Peak might be reached sometime in 1963 which might be Lou owed by a business downturn. " it does not follow of course that there will be a recession and in Basic economic situation at the present time shows no sign of such a Dowie turn Secretary of Commerce  told a conference of business leaders in., Atlanta that business will finish out s?2 still on the Road to expansion and Maydo better than boost economists now i suspect inc conceded the the business 1 Advance so far this ear has admittedly been slower an  the government stepped into threatened strikes against major airlines. President Kennedy appointed a Washington year Fem alas -promislrig1 and added tha Oft travel Market show signs of conf tired grow tit ,., Ariene. Tragic is has been elected director  jcb4ui \ 4hat own the Dupai Tenient lure . She site onto woman on Uit j7-Membjer Gard of. 721 corp wifi net b a  Spe of Silty store in Al fact finding Board for the dispute Between the transport workers Union and american airlines overages and Job Security. The action put off a walkout for at least 60  finance Gold issues and specials i Market new York up All but the Gold stocks and a few special ties dropped to lower ground Onighter trading last week on the american Stock Exchange. Over the five Day period of de Cline. 5,365.045 shares changed hands compared with 7,197,000 the week before and 6,767,140 in the like week of 1961. Heading the most Active list were All state properties off to 39i on 114,800 shares then syn Tex off 1%, Webb & Knapp Down and Goldfield off 94. Universal control dropped % despite merge plans with Glen Alden on the big boardl11giant Yellowknife was Active and up 3/� among the golds while Newyork & Honduras Rosario picked up "3%, the strength in the group apparently mirroring continuing speculation of a Dollar  tumbled 3 electronic specialities 2% and technical operations 2% among the Glamour science issues stores showed to Hack off 7%, and Stop & shop off 4. ". Hudson Vitamin shed 2% among the drugs Tampa electric 3% inthe utilities Signola 1% in the oils and Horn & hardart bakeries6 in the foods where Nestle shed a i following an instant cof fee Price Cut. Amon the few higher issues were Simca up 2% in the Auto Sand Western co. Up i chemicals showed Anken off 2?i and Kawecki Down 1. Liberty fabrics fell 2%in the textiles and Chr Malloy 2% among the metals. Other Downside features we reinsurance of North America off Ayrshire collieries Down 4%and canaveral International Arm our warrants and Hardeman All off 3 or More. New York Cupi the 10most Active stocks traded on the american std pc Exchange last week Stitt cd Chao Call St put rr4.wm Jyh syn Les  it i -11 web t Knuth it .r09 t a. Gold Todd 75,790 in Nln a i tool w.300 3i Gulf ant m 35.300 a i i. Plant i into s0.300 it Trent Cuba 5&zw remember that if your Stock to to Street name that Yon Malte certain the Toro Teer age office mails a proxy to Yetf