Treasury seeks 109 billion boost to debt ceiling
The Treasury requests a 109 billion increase to the national debt limit, lifting borrowing cap to 604 billion dollars through June 30, 1956. The piece notes 170 nations owe the U.S. 51.9 billion, 18.8 billion World War I notes unpaid, and WW II credits. Alaska weather box and editorial praise for forecasters are also mentioned.
MENTIONED IN THIS ARTICLE
Treasury
Congress
United States
Finland
Washington
Stocks trading at furious pace
New York stocks rallied for the fifth straight session with volume near a record 31.76 million shares as the Dow rose 2.11 to 694.77. More than 1,000 issues gained while 542 fell, but profit taking kept gains modest after Monday. Investors cited future economic hopes and institution-led buying, with cautions about whether the rally signals a longer upturn.
MENTIONED IN THIS ARTICLE
New York
Don
Lucien Hooper
Thomson & McKinnon
Auchincloss Kohlmeyer
Wall Street
Civic Leader Mays Dies of Cancer at 65
W.S. Bill Mays a former Amarillo City Commissioner and developer of MAYCO Shopping Center died at 65 after a short cancer illness. He helped establish the Mid- Continent Campus of Texas State Technical Institute on the former Amarillo Air Force Base and served on the TSTI advisory board. He was praised by city officials for his civic service and dedication to Amarillo.
MENTIONED IN THIS ARTICLE
Mays
Amarillo
Mayco
W.S
Bill’’ Mays
Janet
High Plains Baptist Hospital
Houston
John Stiff
Bill Mays
Amarillo Air Force Base
TSTI
Phillips Strike Averts Local Copolymer Plant Walkout
Phillips Petroleum and the Oil Chemical and Atomic Workers Union Local 4463 reached a tentative contract near the 12:30 p.m. strike deadline at the Copolymer Plant west of Borger. Union members will vote Thursday on the proposal after late Tuesday talks over contracting out work and plant staffing.
MENTIONED IN THIS ARTICLE
Borger
Phillips Petroleum Co
Here
Oil, Chemical and Atomic Workers Union Local 4463
Phillips Management
OCAW
Copelyrher
Phillips
Partly cloudy and cooler spell with near 50 highs
Partly cloudy today through Thursday with cooler air. Highs near 50 today and Thursday, lows tonight in the upper 20s. Winds turning northwesterly at 10 to 20 mph. INSIDE NEWS
Rebates Drive Amarillo Car Sales Uptick
Rebates from the factory program boosted Amarillo auto markets with increases from 35 to 300 percent over the past month. Dealership leaders including Plains Chevrolet Carousel Chrysler Plymouth and Hudsburg Jones Chevrolet credit the week-old rebate as the trigger for heavier traffic. Chrysler’s program runs through February 28, and dealers say the boost comes during a usually slack period, with buyers flocking to showrooms and even non rebate cars selling better.
MENTIONED IN THIS ARTICLE
Amarillo
Jay Battenfield
Carousel
Chrysler-Plymouth
S. Georgia
Chrysler
Battenfield
Detroit
Ray Jones
Hudsburg-Jones
Chevrolet Inc
Ford
Gary Hedgecoke
Hedgecoke Motor Co
W. 6Th
American Grain Files Bankruptcy in Fargo
American Grain and Cattle Inc a Plainview Texas cooperative filed Chapter 11 in Fargo North Dakota. The petition lists assets between 16 and 45 million with liabilities at 11.3 million and notes the figures may adjust after a later affairs statement. The group seeks to operate while reorganizing and cites creditor talks as part of the filing.
MENTIONED IN THIS ARTICLE
Fargo, N.D
American Grain and Cattle, Inc
Plainview
Tex
Fargo
U.S
American Grain
American Beef Packers, Inc
Omaha, Neb
Wheatheart, Inc
Perryton
American Grain and Cattle
Fargo Area
Morris Jaffe
Texas Trust Company
John Barbee
Charles Windham
Jaffe
San Antonio, Tex
Holiday Plaza
Wichita
Kan
Atwood
Grain Cooperative
Corpus Christi
Billie Sol Estes
Also Mentioned on This Page
Anchorage Sunday Times
Alaska
Panhandle
Anchorage Times
America
Wes Izzard
Pension Funds
New York Stock Exchange
Okie
Oklahoma City
Bill Gilliland
Plains Chevrolet, Inc
S. Taylor
Wayne Board Farm and Ranch
Timillionaire
UPI
al Ullman
D-Orp
House
Ways and Means
Ullman
Prague
Czechoslovakia
Antonin Novotny
Communist Party
CTK
Poage
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