European Stars and Stripes (Newspaper) - June 10, 1963, Darmstadt, Hesse Monday Jun. 10, 1963 the stars and stripes Page 23 aimed of or the count a Market Sec made 2nd move to tighten stocks controls by Jack York api the second move to tighten control of the vast securities Industry highlighted business and financial develop ments last week. It was made by the securities and Exchange commission Sec in recommends Lons to Congress Active trades net irregular amex activity new Ork urn Stock moved irregularly in Active Trad ing on the american Stock Exchange last week. Broken said the indecisive Pic Ture stemmed irom internal churning and prom taking income area. From b.138joo in the tour Day period the previous week and com pared with 5.284,408 in the similar period a year ago. Webb Knapp topped the mar Ket in activity slipping u to h on a turnover of 40&800 shares. Twas followed in activity by basins Petroleum up 1h to so sent exp 1h4 to 86, Michigan sugar up 13h.electronics were Strong with technical operations up 4h, Euc tronic special Lulea up x Bexton audio development itt and la Fayette 1h. Aero Jet general dropped 214 in the Nero space action. Oils Wen Strong responding tothe House Waya and Means com Mittee s rejection of a proposal to increase taxes on Oil and Gaa Well profits. Curl St of gained in Occidental Petroleum added in great Baarns Petroleum tacked on1h and Intel of advanced a Point signal of countered the higher trend with a drop of to. Kawecky chemical we the Only major gainer in a soft chemicals Section adding 3%. Stores Al Owen easier with Bohack. Mange and Stop shop showing Point bed Drope. Murro aluminium jumped 2h in the metals. Insurance shares Back tracked with insurance co. Of North America Down 1 and re Liance insurance Oft 214.among the wide moving mis Cellaneous lanes wan Clapton in4usirle off 1h, Irving air Chute up in Ross product up a Southern co. Up 314 and Mead Johnson up s14. How York up the 10most-Active Stock traded on the american Stock Exchange la weeks so com cams was Sise 4smm h h sum m Stuss Sam Mai Summ " 1". Sim heat mum m no a Lauss int � muss m oms. A lbs s a risk am a Hue. M Auto firms 1 Detroit up the general motors corp. Has reported record Alee for May surpassing the record for the month set last year. K. E. Braley vice president i charge of distribution staff said pm dealers mid 430,938 passenger can and trucks during the month compared to 429.842 during theune month last year. He said car soles for the month totalled 383317, surpassing the previous High of 381.w3 recorded last year. Commercial vehicle Salei for the month accounted for 47,725units compared to 4396 last year Strong May sales were reflected throughout the Industry. Ford motor co s Ford division reported a record Lor May. Or drastic legislation. The firster of Sec proposals came out ast newest attack on what on invest Gatlon revealed a grave buses waa directed primarily at the Over the counter Narket i which 15 million americans own Uoo billion of Stock. . Wire Pla Pueblo Colo. Up the Colorado fuel Iron corp. Denounced Hen it was closing Itsu Tofalo ., Plant because of Orelyn Competition rising Lamorand material costs. Of i president Leonard c. Rose said about 1,400 employees would be said Buffalo had been Loang Money for years and the Osses then Wen the major cause of the firm s 15,238,000 of industrials 1 Banks gain Over counter new York up strength Indus trials and Banks featured last week s higher Over the counter Market the National quotation Bureau s Index of 33 representative Nous trial stocks Rose 0-55 on the week closing at its High of 137.11 on Friday. The Index reached its Low forthe week of 13&28 on tuesday. Allied radio a among the industrials Alberto Culver jumped 614. Allied radio4k. Latrobe steel us o. D. Searle 314, Tecumseh products 3 and Tex Star of and Gas 8h. Chase Manhattan Rose 2tt in thebans when Morgan gained 6tt and Bank of new York 23 Stocka tended to weaken with Continental Ameri can off 2 and employers reinsurance 4. Whirlpool buying foreign Stock Chicago up Whirlpool corp. Announced plans to acquire a 85 per cent interest in Malley Ltd the largest manufacturer o Home washing machine i Australia. The Benton Harbor Mich appliance firm said it flu acquire com Mon a area of valleys at Yngul intervals by investing fee received from the firm for technical assist Ance and licenses. The two firms made a tech cat assistance agreement in 1990. Whirlpool has already completed its first Purchase of Stock the firm said and flu make additional Pur chases at three month intervals until the 29 per cent interest has been obtained. Report sales i the division sold a total of 1b3.400 can and trucks during the month 2a per cent More than the previous record for May which was reached in 1981 the breakdown included 14s�35 cars and 33,763 trucks. The Strong sales which were recorded despite a strike at the key Chicago Heights iii., stamping Plant brought year to Date sales to 820590 units substantially above the previous High of 790,580 units set in 1955. Chevrolet sales during May Wenthe he great in 10 months with dealers delivering 254474 can an trucks. It marked the third bes sales month in the division s i it is intended to provide greater Protection for investors in stocks hat arc not listed on the new Fork american and regional sex proposals would bring 4,200 corporations whose Tocks Are sold Over the counter mainly in Telephone transactions my closing 1, crating Losa last Buffalo Plant opened in u06, principally produces wire products. The shutdown was expected to be completed within Days. Rose said the company will concentrate All it Eastern division of ent Lons at its Roebling Plant inner Jersey and at its Palmer Plant in and win products have been harder hit by foreign compe Between buyer and seller and so incur lira drillers under the ammo m Rule of full disclosure of Flynn Clyl c nets is apply to killed stocks. Pc in pc Man stringent the for brokerage firms and d individuals entering the . �1 require All broker dealers Ngel 400 affected j to ton than most other types Rose said. J the Buffalo Plant has been severely squeezed Between foreign. Competition which has made Ade quate prices impossible and rising. Labor and material costs Over which we have Little control. 1 As a result despite an Exten save program of planned Cost re j duct on and Plant improvement operating losses at Buffalo have in a creased year after Lepp . Inse tic booming de new York up the insecticide Industry cracked the billion Dollar Mark at the consumer lev last year and May hit s3 billion in he next dozen years a surveyed locates. The big increase in sales was made in spite of attacks on the wide spread and indiscriminate use of pesticides and criticism of the Exchange s most Active list new York up the 30most Active stocks traded on the new York Stock Exchange Las week a to Haik us Chou Ctm Cimi am so so re pm 11% my sum. Susee in ism in pm Nan n ism so imm Nir miss m m h hum is Mem mom mob nun Sims am a Flam title in w in is Tami isms a Ltd m pm a Mem is Lam is Rue. In in 17% i Mast a so am on suss so am it i to vim i Host Ems Tim Notts it ii a 11% is ii a Amii ass to Sam Mph pm we a Musi 4ik a � a on . I a am am pm i in High gear tory. Deliveries totalled 214.929 canard 39,345 trucks. Total Chevrolet i a 1 e for the year at the and of the May Sellon. Period Wen 6.7 por cent ahead of the same period in 1062. Chevrolet also said unfilled orders for new units Wen running 20 per Cen ahead of last Corn. Ald its real sales of passenger cart for a totalled 97.465 units. The volume and Dally rate of Chrysler Pas Senger cars sales for the month Wen the highest for any May slnw1907 and the Best for any Montti Siita August of 1957.May sales at Chrysler were 73 per cent higher than the Sample rate since november. Factory orders Rose 2 per cent rom March to s34j billion. Twas the fourth consecutive month production dipped the pre Lous week by per cent to 2.008,-000 tons As orders tapered off. Output is headed for a downturn and May slump 10 to 20 per cent july an Industry publication ran age said. It attributed the easing of orders in part to optimism that a labor agreement will be reached without that of strike. The Auto makers turned out a estimated Ito too passenger can ast week compared with 1393b4wo weeks ago and 150,285 a year ago. If Beor oar Sake producers hold to current schedules output in thai second Quarter May set a record for any Quarter. Indications an that 243million cars win com off Assem Bly lines in the april May Jan period. The record of 2429.011 we set in the first Quarter of 1955.sales of new can in May exceeded 700,000, a record far the month. It we the tint time ther have been two 100,000-ear-Aalamonths in succession. The Long controversial Issue a whether to develop supersonic air liners in the United states exploded last week. It came to a head Whan pan american world Alraya ordered six of the 1.400-Mue-an-hour con Corde planes to be bum by British and French interests. Presiden Kennedy quickly directed an immediate Start of work toward developing a a supersonic Jet liner the Cost my run to i Bil lion. Another major Railroad merge plan popped up when the Santa be and Missouri Pacific announce they had begun exploratory talks about the possibility of a combi nation. Such a merger would create a24.000-mile line longer than any existing american around the business scone Domestic trunk airlines suffered an operating loss of s3�l million in the first three Mont sat this year savings Bonds sales exceeded redemption by s35million in May. Compared with is million in april. Texas easter transmission co. Will Purchase 4.4 trillion cubic feet of natural Gal from Gull of corp. Over 28 Yean
