Corporate Profits at New Peak
Washington reports corporate profits rising to a seasonally adjusted annual rate of 78.3 billion before taxes for Q1. After tax earnings reached 48.4 billion, up 11 percent from a year earlier, with a 3.1 billion gain over Q4 1965 amid the strongest quarterly advance since 1961.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Office of Business Economics
Auto industry reports weaker May sales across majors
Detroit AP notes early May car sales show 15 percent drop from 1965. GM Chrysler and AMC fall 1 0 days May 1 10. Ford rises 15 percent. Total 192,429 units, down about 35,000 from last year. Chevrolet Corvair plunges from 6,213 to 1,899. Opinions vary on causes from publicity to Vietnam and tax changes.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Chrysler
American Motors
Ford
Chevrolet
Corvair
Ralph Nader
Tama Packing Names Loftus President After Shakeup
Tama Packing Co. reorganizes leadership as Richard J. Loftus is elected president succeeding Richard Cashman who resigns. Other resignations include Boyd G. Hayes and Kenneth Van Duzer. Howard Randolph named general manager for the firm and subsidiaries. Rumors of new backing denied. Rudman says further public statements should come from Randolph.
MENTIONED IN THIS ARTICLE
Tama Packing Co
Ralph Rudman
Tama
Rudman
Richard J. Loftus
Richard Cashman
Tama Pack
Howard Randolph
Cashman
Charles City
the Gazette
Cashmary
Boyd G. Hayes
Kenneth van Duzer
Clear Lake
Coal price rise in decade roils utilities and users
NEW YORK AP reports coal producers announced price increases seen to cost users about 100 million dollars annually. Utilities and manufacturers are expected to pass higher costs to consumers, potentially raising electricity rates as coal fuels over half of the nation’s power. Consolidated Edison cautioned a 3 to 5 percent rise in coal costs could lead to higher electric bills, while Peabody Coal Corp. said a 5 to 7 percent increase is now in effect on several coal types after wage boosts.
MENTIONED IN THIS ARTICLE
New York
Tion
Consolidated Edison Co
Peabody Coal Corp
Fulbright Watches President Speaks At D.C. Fund Dinner
At a Democratic congressional fundraising dinner for 6100 attendees at $100 a plate in an armory Fulbright, head of the Senate Foreign Relations Committee, studied his water glass and did not applaud as President Johnson spoke about Vietnam. The mood was tense as waiters cleared dishes and a chair broke. An hour later a woman searched under the head table for a toothpick of someone famous.
MENTIONED IN THIS ARTICLE
Johnson
Senate Foreign Relations Committee
Sen
Fulbright
D-Ark
Washington
J. W. Fulbright
Arkansas
Vietnam
Democratic Congressional
Internal Revenue Commis
Foreign Relations Committee
John L. McClellan
Hansen Named Braille School Superintendent
Robert A. Hansen, 38, named superintendent of the Iowa Braille and Sight-Saving School at Vinton effective June 18 after serving as principal since January 1965. He will replace Donald Walker, resigning to take a college post in Virginia, with a salary of 9400 dollars plus full maintenance. Hansen previously taught 10 years at Kansas State School for the Blind and holds a BA from Dana College and a master's from the University of Missouri.
MENTIONED IN THIS ARTICLE
Cedar Falls
Robert A. Hansen
Iowa
Vinton
State Board of Regents
Hansen
Donald Walker
Virginia
Walker
Kansas State School For the Blind
Kansas City
Sioux City
Dana College
Blair, Neb
University of Missouri
The
American Assn. of Instructors of the Blind
Today's Chuckle The Trouble With Success
A brief humorous note on success misbehaving like a nervous breakdown, reflecting on the overlap between achievement pressure and strain. Copyright notice appears in the snippet as a legal marking.
Bill for Packaging Regulation Cleared
The senate commerce committee approved a compromise bill 14 to 3 to tighten labeling and packaging rules for foods drugs cosmetics and other household goods. It would empower the FDA and FTC to regulate labels to aid shopper comparisons and allow industry to draft voluntary standards.
MENTIONED IN THIS ARTICLE
Senate Commerce Committee
Food and Drug Administration
Federal Trade Commission
East Texas Flooded by 6 Inch Rain
Rains of more than six inches hit east Texas causing flash floods and damage. One traffic death blamed on weather. Port Arthur stores flooded while some residents evacuated by boat in Conroe area. Orange 5.75 inches. Nederland man says 12 inches water on floor. Four car pileup killed 25 year old Edward Nichols. Beaumont schools closed and heavy traffic blocked roads. Groves reports 6.12 inches. Galveston floodwaters three feet deep in spots.
MENTIONED IN THIS ARTICLE
Port Arthur
Texas
East Texas
Conroe
Houston
Orange
Edward Nichols
Bridge City
Beaumont
Galveston
Weather Bureau
Marines Nab Terrorists After Major Viet Cong Assault
U S Marines wiped out most of a Viet Cong force in South Vietnam with a 10 hour battle 18 miles southwest of Da Nang. They seized a training camp and killed 175 enemy troops while U S planes flew 135 missions. Saigon police reported 38 terrorists arrested for attacks on police HQ and hotels with 21 killed and 250 wounded overall.
MENTIONED IN THIS ARTICLE
Saigon
U. S
South Vietnam
U.S
da Nang
U.S. Third Marine Division
North Vietnam
National Police
Metropole Hotel
Victoria Hotel
Metropole
Victoria
Fugitive in Cuba Goes Off Radio
AP report from Miami states Robert Williams, a fugitive American Negro, who broadcast from Cuba for four years urging a black revolution in the U.S. South, has been off the air for two months.
MENTIONED IN THIS ARTICLE
Miami
Robert Williams
Cuba
U.S. South
Burglars Take 23 Saws in Allen Supply Breakin
Cedar Rapids detectives report a professional breakin at Allen Supply Co. 221 Third Avenue SW where 23 chain saws worth 4500 dollars were stolen. entry used twisting pliers to force round channel locks, no money taken, discovered Friday morning by employees.
MENTIONED IN THIS ARTICLE
Allen Supply Co
Third Avenue SW
John Kuba
Engle Receives New Iowa Professorship and Post
Paul Engle, longtime head of the Iowa Writers Workshop, is promoted to Clark Fisher Ansley Professor of Creative Writing at the University of Iowa. He will assume the post next September while on leave for European writing and lectures, with a salary increase from 19000 to 23000 dollars.
MENTIONED IN THIS ARTICLE
Cedar Falls
Towa
Friday
University of Iowa
Writers’ Workshop
Paul Engle
Europe
Clark Fisher Ansley
Engle
Howard R.bowen
Bowen
Mig Downed Over North Vietnam Probe Angles China War Claim
In Saigon AP reports the U S Air Force denied Chinese charges of U S fighter intrusions. An F 4C Phantom shot down a Mig 17 over North Vietnam 20 to 25 miles south of the Chinese border as a fourship maneuver concluded the incident. Major Wilbur Dudley said the fourth Mig was destroyed during a chase of an RB 66. The battle occurred 105 to 115 miles northwest of Hanoi in the Red River valley, with Dudley noting the enemy pilot appeared skilled but suffered tunnel vision.
MENTIONED IN THIS ARTICLE
Saigon
U.S. Air Force
Peking
Red China
Air Force
North Vietnam
Vietnam
Red
Makwan
China
Yunnan
Hanoi
Red River Valley
Dudley
Imantes Kringelis
Lake Zurich
Ill
U. S
Gilbert Meyers
Johnson signs rent subsidy and Teacher Corps funding
President Johnson signed a 2.8 billion supplemental bill approving 12.1 million for a rent subsidy to aid poor families and 9.5 million for a National Teacher Corps to improve slum schools. He urged swift action to fund these programs and announced the first three corps volunteers.
MENTIONED IN THIS ARTICLE
Washington
Johnson Friday
Congress
Johnson
Welfare
Gardner
JoAnn Novarr
Los Angeles
Frances Nichols
Robbinsville
N. C
Alberto Huerta
Laredo
Texas
Also Mentioned on This Page
Tama Packing
Sioner
Sheldon Cohen
Rep
Richard Hanna
California
J. J. Pickle
You Are
Braille
Ona Williams
Tidelands Motor Inn
Nederland
Groves
By Robert Tuckman
William Westmoreland
Honolulu
Allen Supply
Cedar Rapids News
Iowa U
Phyllis Fleming
University of Iowa Foun
By Andrew Boroweic
Wilbur Dudley
Alamogordo
N.M
Humphrey
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