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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 07, 1963
Page
7
Congress moves to stop large fees paid to war damage claim lobbyists. Senators seek to certify no fees were paid by claimants. The bill ties into a 1.5 billion supplemental package with Kennedy public works funding.
Quotations courtesy Thomson and McKinnon show bid and asked figures in brackets and parentheses. The note explains that the higher figure was asked and the lower was offered.
Local market prices listed for hogs cattle and grain with figures for weights and prices including hogs 19 to 240 pounds 13.75 to 14.00 240 to 300 pounds 13.00 to 13.50 sows 12.50 cattle good steers and heifers 21.00 to 22.50 choice 22.00 to 23.50 cows 12.00 to 15.00 oats 66 cents to 1.09 beans 2.48 The text also notes House leaders backing a revised claims payment scheme with a prohibition on fees to ex members of the old commission and officials connected to it.
A brief item notes Pennsylvania's prominent position in textiles and knitted goods, highlighting the production lead amid tense market nerves.
Chicago grain futures closed with a mix of modest gains and losses as trade stayed quiet on the Board of Trade. Wheat and corn showed small changes with May wheat around 2.08 and May corn near 4.19, while soybeans held firm then eased slightly amid short covering and export buying.
AP reports the Chicago butcher hog market hit a peak for the period with 8,000 head offered. Prices ranged from 14.50 to 15 for mixed No 1 and 2 hogs 190 to 225 lbs, with higher activity from shippers and lighter weights. Slaughter steers stayed steady as cattle receipts totaled about 12,000 head, the smallest in three weeks, with top prices around 24.25 for 1,150 to 1,300 lb prime lots. heifers and bulls also held steady with mixed high choice to prime bulls at 18 to 23.75. Sheep volumes were light but some spring lambs sold at 24 to 24.50.
Adm. George W. Anderson Jr. will receive Notre Dame’s Laetare Medal, conferred by Rev. Theodore M. Hesburgh. The award, given annually since 1883 to a notable American Catholic layman, honors Anderson as this year’s laureate.
The Delco-Remy Trowel Club will hold its 1963 smoker and dinner on Saturday May 11 at 6 30 p.m. at Fellowship Lodge 681 Shadyside Park. Steven L Miller Connersville past Grand Master of Indiana will speak with musical numbers by the Southern Belle Trio Ellen Andrews Karen Clevenger Jamie Robinette and Willis Ellsworth. The event features a smorgasbord dinner and invocation by Dr. Robert D. Bickel. Membership drove up by over 300 new members and future activities include a June Killbuck Park picnic and October ladies night banquet.
New York AP reports Standard & Poor's Corp sees the stock market in healthy condition as it extends its rise to nine weeks. The 500-stock index sits within 3.6 percent of the December 1961 high, with fewer signs of speculative excess and more reasonable price earnings ratios. The Dow Jones industrial average nears its December 1961 record, about 20 points away.
A dense daily timetable lists multiple organizations meeting at the YMCA and nearby venues. Rotary Exchange Altrusa Lions Kiwanis Optimists and Anderson Laundry host sessions from noon to evening while election returns occupy the gym spaces.
Indiana's 2 percent sales tax set for July 1 will raise building costs for new homes as materials are taxed. State Revenue Commissioner Courtney says contractors are retailers under the gross income tax law, with materials about 60 percent of home cost, potentially adding about 240 dollars to a 20 thousand dollar house.
Kent Courtney of New Orleans said a Thurmond Jenner third party could win the 1964 presidential race. He spoke to 57 attendees in Des Moines about a party opposing federally financed socialism treason and communism in Cuba.
The Rev. Roscoe L. Spann, 43, collapsed and died of a heart attack after delivering his sermon at East Columbus Methodist Church in Columbus. The tragedy occurred Sunday, leaving the community in mourning.
The Associated Press reports strikes paralyze construction in several Hoosier cities. An $8 million Notre Dame library project slows as unions boycott. a six day Ironworkers walkout blocks $5 million in Central Indiana.
U S authorities warn over 1000 residents in Port au Prince to observe a nine hour curfew under martial law as Duvalier tightens control. US embassy advises stockpiling food and possible evacuation while a Boxer task force stands by in the Gulf of Gonaves.
United Auto Workers members ratified a agreement settling incentive pay grievances on Sunday. In Muncie United Rubber Workers Local 247 unanimously approved a new nationwide contract with Goodyear Tire and Rubber Co. Akron Ohio locals rejected the pact and eight other state counts could change the outcome.
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