Lake Charles American-Press from Lake Charles, Louisiana on August 21, 1962 · Page 3
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Lake Charles American-Press from Lake Charles, Louisiana · Page 3

Lake Charles, Louisiana
Issue Date:
Tuesday, August 21, 1962
Page 3
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BUSINESS MARKETS NATIONAL WEATHER THE W6ATH6R tLSEWHERE By Thi Associated Press .... High Low Albany, cloudy 70 61 Albuquerque, clear 93 «? Atlanta, cloudy 8» 6? Blimarck, cleor 81 54 Boise, cloudy »j 45 Boston, cloudy 85 47 Buttalo, cloudy 81 « Chicago, cleor M 70 Cleveland, cloudy 91 45 Denver, cloudy 91 45 Des Molnes, clear 80 58 Detroit, cleor (4 « Fairbanks, cleor 71 53 Fort Worth, clear 97 77 Helena, clear j7 55 Honolulu, clear 87 75 Indianapolis, cloudy 97 «8 Juneau, roln 55 53 Kansas City, cloudy 99 71 Los Angeles, cloudy 85 <1 Louisville, clear 101 73 " s, Clear 98 73 rain 88 77 clear 79 57 New Orleans,'cloudy !!.'!!!!!!?] 72 New York, cloudy 91 47 Oklahoma City, clear 97 « phoenix, clear !!!!!!!!!{M ei Pittsburgh, rain 95 M Par and. Me., cloudy u a Portland, Ore., cloudy 81 58 Rapid City, clear n a Richmond, clear 94 73 St. Louis, cloudy 104 73 Salt Lake City, cloudy 94 a San Diego, cloudy 77 u Son Francisco, clear 45 54 Seattle, cloudy 74 55 Tampa, cleor 97 73 Washington, cloudy »» 77 T—Tract Pr. .01 .59 j T' .08 .04 .11 i j, .01 SHOWERS—The weatherman predicts showers and scattered thutidershowers tonight in the northern Rockies and northern Great Plains. Showers and thunderstorms are likely in the mid-Mississippi valley, western Gulf region and in Florida. It will be cooler in the northern Atlantic slates, Ohio valley, eastern Great Lakes region, Pacific northwest and northern Rockies. It will continue warm elsewhere. (AP Wirephoto). Council Tightens Bike Riding Rules LOCAL WEATHER STOCK MARKET Prices Nudge Higher During Early Trade STOCK AVERAGES Compiled by Tht Anocfeftd Press to tndust. Rolls Utll. Stocks Prev. day 318.3 104.0 127.6 224.1 Week ogo 313.0 102.5 125.3 220.4 Month ago 301.3 103.4 121.3 214.1 Year ago 373.8 12S.2 134.0 257.0 By ED MORSE AP Business News Writer NEW YORK <AP)-The stock market managed to nudge unevenly higher in moderate trading early this afternoon. The Associated Press average of 60 stocks at noon was up .2 at 224.3 with industrials off .1, rails unchanged, and utilities up .4. The rise on average resulted ., AUGUST 2\ r t$62, Ute Clr*f>« been named prime contractor for, average. Many to ffift the Titan III project. Other space took fractional losses. from a good showing by a selection of market wheelhorses which outweighed losses. It was an on- convincing advance, however, and j brokers noted that profit taking! was evident following a rise inj five of the past six sessions, j Martin-Marietta, the market; leader in the past three sessions, continued in demand as it responded further to news that it has age and electronic isstres were mixed. Strength was shown in a variety of the more volatile issues while Ford eased fractfonaDy frota fit 1'* rise of Monday as R previewed its 1963 models and anticipated a good year. Chrysler, The Lake Charles cily council Monday look final action on an! ordinance to strengthen existing! legislation on bicycle registration and riding. An amendment to the; ordinance prohibits bicycle riding on downtown businsss side-j walks. \ Rules were made more specific; and a few new ones were added, i The legislation provides for im-! proved procedures for registration and identification. Also provided is authorization to set up a traf- street at Railroad avenue and placing them on Railroad avenue at Hodges. Transfer of funds in the 1961-62 budget was also approved by the Council at Monday's meeting. Introduction of an ordinance ordering removal of traffic lights was withdrawn from Monday's agenda. No action was taken by the council on beach concessions for the colored beach. Sales Rise In First Half At Levine's Sales increased 7.6 per cent to $14,474,153 at Levine's department stores for the first six months of 1962 compared to the same period last year. Morris Levine, president, gave the sales figures in an announcement from Dallas headquarters that the firm is paying its regular quarterly dividend of 10 cents per share of common stock. He said the regular dividend has been paid every quarter since the company became publicly owned in 1959. Levine's, adding stores recently in New Orleans and Alberquerque, N.M., now has 84 subsidiaries'. One of its stores is located on Broad street ir Lake Charles. T h e re will be provisions for! fi r s t offense reprimands and court appearances for subsequent offenses. Results of court appearances could be impoundment of the bicycle for a period of time or fines levied against the parents. For those over 17, jail sentences is included in the maximum possible punishment. Mandatory attendance at a driver improvement school can also be imposed. The ordinance applies only to two-wheel bicycles if 20 Oil Production Shows Increase, Journal Reports TULSA (AP)-U.S. oil production increased slightly last week, I large on gains in Oklahoma and j Kansas, the Oil and Gas Journal ! said today. i i Average daily production of crude oil and lease condensate 7,263,900 barrels, LAKE CHARLES AREA WEATHER Temperature today (? o.m.) si Minimum today (5:30 a.m.) ;.7i Maximum yesterday (11:30 a.m.) 93 Relative Humidity (9 a.m.) ...... n Rainfall today 'w fl ne Rainfall yesterday .. ."jJow Sunset today t-n am Sunrise tomorrow s : 44 J,' m Sea level pressure (9 a.m.) 3007 Tides today: 1:50 p.m., -0.2 L; 8:34 p.m., 1.3 H. Tomorrow: 2:04 a.m., 1.2; «:15 a.m., '• 3 H ' *:» p.m., -0.4 L; 10:21 p.m., 1.5 H. Theology Seminar Set in Geneva GENEVA <AP>— Experts from Ihe Roman Catholic Church and Eastern and Western denominations met here Monday for a weeklong seminar on comparative theology. Organized by the Ecumenical Institute of the World Council of Churches, the conference will hear lectures by theologians from the United States, Britain, France, West Germany, Greece and the Soviet Union. DOW JONES TUESDAY (Courlety of A. 6. Edwards and Soni, i 107 Weber Bldg.) Fourth Hour Averages: Industrials 409.60 off 3.U i Rails 122.21 up .47 i Utilities 120.72 up .23 ! Fourth Hour Stocks: i Allied Chemicals 37^i i American Bakeries 23H I American Can 45 I American T&T 113'/2 I Anaconda 40H i Armour & Co 41W | Boeing Aircraft 42 3 <i Branlff 9'.^ 'Cities Service 49 Continental OH S1V> Eastern Airlines 17 7 /s Firestone 31V? Ford 43% General Dynamics 25'/j General Motors yp,'i General Telephone 21'/t W. R. Grace 34 Gull Oil 3511, Gulf Stales 341/3 Hercules Powder 345/11 steels, motors, rails, chemicals, i f^ 001 a P° rat ' amj Americafl and oils were spotty. Tobaccos I Motors - fractionally high St. were mostly higher. werc morc ^ f^or while Gen- Due to an accumulation of buy -. "?\^ t(ff ?* nd Studebaker sho *' orders, Martin-Marietta was de- " e cnan s c - layed in opening on a block of 25,- Republic steel held steady. U.S. 000 shares, up at 25%. It sold | Steel and Jones & Laughlin later at 26 on a 4,000-share trans- dropped fractions. action - ' ' Prices were generally higher in A 3-point rise by Houston Light- i moderate trading on the American ing & Power bolstered the utility' Stock Exchange. Shop Wednesday 9 A.M. to 5:30 P.M. , . « "Charge-It" Kennecolt Copper 7iv< Lockheed 51 Mock Trucks 37$ j Montgomery Word 27Vi Notional Airlines 171/3 Olin Mathleson 33y, Pan American , is 3 /* J. C. Penney t\i/ 4 Pepsi Cola 41 M Pittsburgh Plate si'/s Polaroid , 102'/4 RCA , 4777, Sears Roebuck 731/2 Socony Mobil si?/. Southern Pacific 25V, 1 Standard of California ST?/, I Texas Co. SM't United Gas 37 ! U. S. Steel £('/« 1 Woolworth 68Vi Zenith atvm Woodmen of the World is the World's Financially Strongest Fraternal Benefit Society Another ordinance w as ap-; proved by the council to remove automobile parking in certain downtown areas. The arras are on the west side of K i r k m a n street from Pujo to 120 feet north, on the west side of Moss f r o m ; Pujo to 35 feet north, on the south' side of Pujo from Moss to 35 fee! west and on the south side of Pujo from Moss to 36 feel cast.' road avenue and replacing it with stop signs was also approved. I The same ordinance provides for removal of stop signs on Hodges Oklahoma production of 542,400 barrels daily was up 17,100 a day from the previous week, while Kansas output gained 4,800 barrels per day to 313,400 daily. Texas this month is averaging 2,531,650 barrels a day, Louisiana 1,298,500, New Mexico 299,500 and Mississippi 149,700. U. S. passport office and Immigration and Naturalization Service estimate 706,000 Americans departed for Europe during t h e first half of 1962, a nine per cent increase over the same period of 1961. Woodmen Of the World has $119.44 of assets for each $100 of liabilities. Woodmen Of the World offers mor« non- conlractural benefits than any other fraternal organization. For example: Up to $3,000 for tare and treatment of pulmonary tuberculosis, Up to $1/000 medical expense for treatment of primary lung cancer, special aid in time of common disaster. LIT ME JELL YOU MOKE ABOUT WOODMEN PftOTfCTfOM C. A. UOZAS, F.I.U., District Manager 1528 6th St. Phone: HE 3-1838 Lake Charles, Louisiana "THE FAMILY FRATERNITY"® WOODMEN OF THE WORLD LIFE INSURANCE SOCIETY HOME OFFICE: 1708 Farnam Street • Omaha ?, Nebraska now... defrost your refrigerator in just minutes with... the new Osrow "infra-red defroster 99 6.95 FITS ALL FREEZING UNITS Defrost- your refrigerator in minutes with Osrow's Infra-Red Defroster! Works so fast food never has a chance to thaw! Simply place this compact unit into the freezing chamber, plug the cord into the nearest outlet and safe infra-red heat rays do the work for you' In minutes your refrigerator is easy to keep foods and beverages ice cold. No more messy pans of hot water to carry and spill. Order Today! ... AC only. ORDER BY MAIL OR PHONE YOUR ORDER TO HE 9-4531 ITEM ( ) CHARGE ( ) CHECK ( ) C.O.D. PRICE Nome .. Address Cltv .... 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