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Newspaper
Childress Index
Location
Childress, Texas, United States of America
Date
Jun 09, 1960
Page
6
The House approved a $200 million increase toward airlift modernization, part of a $250 million plan. It rejected a $20 million rise for the Air Force Minuteman solid fuel missile program and a $54 million boost for the Midas Samos and Discoverer satellite programs.
The House passed a 4 billion dollar tax extension measure by 222 to 174 after a near party-line revolt for tax cuts. The bill delays July 1 reductions on corporate profits liquor cigarettes and travel and moves to the Senate. A separate revolt over opening the bill to amendments failed 202 to 181 as Republicans shifted votes to back Bomarc missile funding and additional F-16 related spending.
Lockheed workers at bases in Vandenberg Holloman N M and Hawaii raise wages above minimums, while Convair seeks a permanent injunction against mass violent picketing at its astronautics plant. Convair filed a separate suit with the NLRB in Tampa charging secondary boycotts connected to the strike affecting contractors and nonunion employees.
The Fitch Survey flags rising demand for common stocks by institutions mutual funds and individuals pointing to higher stock prices ahead. It notes individual owners have grown to over 12 million from 6 million sixteen years ago while new stock offerings lag behind bond supply. Goodyear stands out in rubber industry with projected 2.40 per share earnings this year. Singer Manufacturing begins consolidation as they digest recent gains and expect continued irregularity in the near term.
Senate Finance Committee plans to complete action on a House passed bill that would grant a tax break to self employed individuals saving for retirement. The measure would let qualified savers avoid income taxes on contributions and fund earnings until withdrawal, with Treasury support added to the bill.
LL statistics released by Don Hufstedler show Wes Baize atop the league with a .750 batting mark. Steed of the Dodgers trails at .636, followed by Tucker of the Cardinals at .583 and Valenzuela at .556. Steed and Tucker each have seven hits. Baize and Hill have six. Meason Moore Valenzuela tied with five. L. Moore leads with nine runs. Palmer has eight. Dodson and Hll have eight walks combined. Steed has three doubles and Baize two. Steed and Rutledge have two triples.
The meanom temperature for the 14 hour period ending at 11 2 am Thursday was 83 degrees. The minimum Thursday low was 63 degrees. Wednesday 14 p m readings and the 4 to 5 am temperatures are noted as part of the overnight sequence.
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