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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Apr 10, 1963
Page
3
The Community Facilities Administration approved a $100,000 loan to Blinn College at Brenham Texas to finance student housing. A second loan of $177,000 was approved for South Plains Junior College at Levelland Texas for similar housing construction.
AP report notes improving profit prospects lift trader optimism as rising sales and cost-cutting drive earnings. Net corporate after tax income topped $51 billion in 1962, with early 1963 first-quarter results showing gains for many major companies. Steel sector recovery cited as potential driver after 1962 production slowdown and squeezed margins.
Thieves raiding Spartanburg Tire Co last weekend took eight new tires money from a cigarette machine and the shop's watchdog. Industrial leaders report rising profits in early 1963 with major firms like AT&T Firestone General Tire and Illinois Central Railways showing strong gains. Churchill named honorary American citizen. Kennedy presides over ceremony with global dignitaries watching via satellite broadcast.
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