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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 08, 1963
Page
7
Rising hopes for an early income tax cut lifted stocks to a record week. The 60 stock average rose 3.7 points to 283.3 and the Dow gained 9.73 as tax legislation progress and broader economic data fueled the rally.
Grain futures traded quietly with small net changes. Soybeans were the only losers on all contracts, while wheat edged higher and corn and oats rose modestly as government clearance of 100,000 tons of wheat for Hungary sparked late bullishness.
The State Department says three U.S. government officials and a Peace Corps volunteer were seized by Bolivian miners on Friday and held as hostages for three Communist labor leaders arrested by the Bolivian government. The captives include Thomas M. Martin USIS assistant information officer and Michael A. Kristula USIS assistant information officer plus Richard I. Phillips says the workers and technicians are detained at COMIBOL headquarters. Bernard Rifkin and Robert Fergstrom are also reported as captives.
Alabama Baptists pledged more than 500000 for state work next year. The convention's board boosted aid to Selma University to 8000, allocated 75000 extra mission funds for Mobile College, set aside 25000 to buy new church sites, and earmarked 5000 for associations.
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