Wall Street Squeezed as Merrill Lynch Cuts Pay and NYSE Proposes Warrants
Merrill Lynch trims pay for about 140 top officers by 10 to 20 percent amid slowing profits. NYSE moves to loosen warrant listing standards to boost trading volume, potentially drawing issuers from Amex which posts low profits. Quarterly results show GE and RCA hit records, IBM up strongly.
MENTIONED IN THIS ARTICLE
Stephen Hi. Miller
AP Business News
NEW York (Ap
Wall Street
Merrill Lynch, Pierce, Fenner & Smith, Inc
New York Stock Exchange
American Stock Exchange
Merrill Lynch
Donald Z. Regan
NYSE
Amex
Paul Kolton
Securities and Exchange Commission
General Electric Co
RCA
Halboury warned of 1975 energy crisis if U.S. drilling lagged
Houston geologist Michel Halbouty warned in 1960 that a domestic energy crisis could hit by 1975 without stronger exploration. He noted surpluses in 1960 contrasted with rising demand and urged more dry holes to discover new oil and gas reserves, citing low 1960 drilling and future needs.
MENTIONED IN THIS ARTICLE
Max B. Skelton
Houston (Ap
Michel T. Halboury
Los Angeles
Houston
Halbouty
American Association of Petroleum Geologists
United States
Halboury
Pacific
Association
Halbounty
Alaska
International Oil Scouts Association
Price Denied by CLC on Livestock Price Freeze Exemption
Congressman Bob Price announced the Cost of Living Council rejected a wholesale exemption request for livestock and poultry feeders and producers. He urged firms to file Form S-16 for hardship relief and noted Phase IV plans to accelerate stabilization while ensuring input for a longer term program.
MENTIONED IN THIS ARTICLE
Bob Price
Cost of Living Council
Congressman Price
U.S. Capitol
Congress
Texas and American Cattle Feeders Association
Price
Internal Revenue Service
Man in Service Monty K. Ford Completes Army Course
Private Monty K. Ford, 22, son of Mr. and Mrs. Doyle P. Ford of Quanah, completed a 16 week stenography course at the Army Adjutant General School in Ft. Benjamin Harrison Indiana. The course trained dictation in shorthand at 90 words per minute and typing at 45 words per minute.
MENTIONED IN THIS ARTICLE
Benjamin Harrison
Ind
Monty K. Ford
Doyle P. Ford
Gholston
Quanah
Army Adjutant General School
Ford
IRA form process description for cost of living cases
The document explains that the form must be signed by the firm’s executive officer attesting to accuracy and submitted to the District Offices of the IRA. It will then be reviewed for completeness and forwarded to the Cost of Living Council for decision. Time is emphasized, with promises to process promptly.
MENTIONED IN THIS ARTICLE
The
IRA
Cost of Living Council
Conference at Carey Baptist Church July 16 19 program
A Lay Win Conference opens at Cary Baptist Church July 16 and runs nightly 7 to 9 p.m. through July 19. Revival follows July 20 to 22 with Rev. James Coffey of Second Baptist Church Baytown as speaker and preacher. Australia’s platypus is a unique monotreme laying eggs and producing milk.
MENTIONED IN THIS ARTICLE
Cary Baptist Church
James Coffey
Second Baptist Church
Baytown
Committees Named for B P W Club
Committees were appointed for the Business and Professional Women's Club at a Thursday night meeting held at the home of Mrs Rowden Jefferies. President Mrs Mamie Green named chairs and listed members for Historian Scrapbook Hospital Memorial Girls of the Month Ater Scholarship Fund Shoe Fund Hospitality Projects Public Relations Personal Development Civic Participation World Affairs Legislation and Women in Society among others.
MENTIONED IN THIS ARTICLE
Rowden Jefferies
Mamie Green
Bea Robinson
Anne Carter
Alyce Rogers
Hospital Memorial
Lois Stiner
Velma Trigg
Ater
Fern Maddox
Aubra Hawkins
Shoe Fund
Julia Jefferies
Ruby Douglas
Inter-City
Club Members Plan Year Ahead With Auditing Report
Government and foundation members discussed dues increases and planning for the coming year. Letters of appreciation from Mrs. Mahota Stinnett and Kathy Sager were read, and Miss Powell announced the auditing report. District Director will visit Childress October 4.
MENTIONED IN THIS ARTICLE
Carter
Powell
Stiner
McNeeley
Rogers
Witcher
Mahota Stinnett
Kathy Sager
Miss Powell
Green
Childress
Knight
Jefferies
Soup Turtles Catch as Subject in Coastal Reports
The flesh of the turtle is highly prized for turtle soup. Individuals weighing pounds have been reported, though those captured off the coasts of the United States commonly weigh less than 200 pounds.
MENTIONED IN THIS ARTICLE
United States
The $100000 U S bill issued for intergovernmental use
The $100000 note bearing President Woodrow Wilson is authorized for transactions solely between the Federal Reserve System and the Treasury Department.
MENTIONED IN THIS ARTICLE
U.S
Woodrow Wilson
Federal Reserve System
Treasury Department
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