SEC Report Urges Tighter Self Regulation for Funds and Markets
A special SEC committee urged tighter industry controls across stock trading and criticized mutual fund sales practices. The two year study found no manipulation in 1962 but blamed heavy broker commissions for pushing sales. It calls for a plan to assure orderly markets under stress and tests via computer simulations, with no immediate new legislation.
MENTIONED IN THIS ARTICLE
Washington
Securities and Excharge Commission
Stock Exchange
New York Stock Exchange
Securities and Exchange Commission
SEC
William L. Cary
New York
Se l
Congress
Milton H. Cohen
Chicago
Senate
Congressmen Seek Reversal of CAB Ruling on Florida Route
New England lawmakers plan to urge the Civil Aeronautics Board to reverse its decision ending Northeast Airlines Florida to New York service. Northeast's president warned about 1,500 jobs at risk and reduced regional service, seeking a permanent certificate and a $3.8 million annual subsidy. They request a 60 day stay for appeals.
MENTIONED IN THIS ARTICLE
Washington
New England
Civil Aeronautics Board
Northeast Airlines
New York
Florida
Northeast
James W. Austin
CAB
Silvio
Conte
R-Mass
Boyd
Sens
Leverett
Services Warn Morticians on Discrimination
WASHINGTON AP The Defense Department told all armed forces morticians contracts are void if racial discrimination occurs A directive signed by Norman Paul assistant secretary of defense for manpower requires nonsegregated service to be included in all contracts Lamar Christopher owner of Christopher funeral home Warner Robins GA said his Warner Robins Air Force Base contract will be terminated unless nonsegregated service is provided He refused approval.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Department
Armed Services
Norman Paul
Lamar Christopher
Christopher
Warner Robins
Warner Robins Air Force Base
Second Space Center Suggested by Humphrey
Senate debate on a 3.3 billion space authorization includes a 5 million initial for a Boston space research center. Hubert Humphrey endorses one center but suggests two or more may boost the space effort. he teases a Minneapolis proposal and notes cross country potential collaboration with Boston. Gale McGee joins pushing for a Rocky Mountain center amid expected opposition remains limited to routine protest.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate
Hubert Humphrey
Boston
Humphrey
Space Center
Gale McGee
D-Wyo
Rocky Mountains
Boston Center
House Rejects GOP Bid To Trim Debt Ceiling
The House defeated a Republican bid to cut the temporary national debt limit from 304 billion to 307 billion through Nov 20. The 229-14 vote showed cross‑party support, with 19 Democrats and 145 Republicans backing the move, while 213 Democrats and 16 Republicans opposed it. The bill now goes to Rep Curtis’s committee.
MENTIONED IN THIS ARTICLE
House
Washington
GOP
Congress
Kennedy
Conegress
Det. SL
Wilbur D. Mills
House Ways and Means Committee
Treasury
United States
Burglar Alarm Fails As Dallas Store Is Robbed
In Dallas burglars struck J. W. Richey’s grocery, entering via the back door not wired to the alarm. They stole tobacco wine a money order machine and a radio from the front of the store, despite the owner's efforts to deter crime.
MENTIONED IN THIS ARTICLE
Dallas
UPI
J. W. Richey
Berkshire Eagle Subscription Rates by Carrier and Mail
Rates list for Berkshire Eagle subscriptions with carrier and mail options. Includes prices for 1 month to 1 year and zones, plus a change of address instruction and mailing note in Pittsfield Massachusetts.
MENTIONED IN THIS ARTICLE
Berkshire Eagle
College Aid Bill Cleared For House Action
The House Rules Committee cleared a 1.2 billion college construction bill for House consideration next week. It is part of President Kennedy's education program and follows a prior passage boosting federal aid to vocational education. The measure, offering direct grants and low interest loans for classrooms libraries and laboratories, has strong bipartisan support.
MENTIONED IN THIS ARTICLE
Washington
UPI
House Rules Committee
Kennedy
House
Ami
Also Mentioned on This Page
SEC Report
The
American Stock Exchange
William Cary
Chicago Atty
Cohen
Associated Press
West
Houastonic Street
Zhen Oumwuog
Dassesi
Ken W
Purdy
Foreign & Sports Car Center
Lyman Street
Pittsfield
Mass
Hip
Post Office Department
White House
Second Space Center
Minneapolis
Minneapolis, Minn
Midwest
Sen
Edward M. Kennedy
D-Mass
House Space Committees
Clifford Case
R-N.j
William H. Ayres
Ohio
Howard H. Baker
Tennessee
Mills’ Committee
Thomas B. Curtis
Missouri
Facous
Elise Farar Sport
South St
Elise Farar
Massachusetts
Prentiss Bake Shop
North Street
Sammy Vincent
Ea, Or
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