Wall Street unsettled by signs of booming business
AP Business News notes that optimism in the economy has Wall Street on edge. Traders fear the surge may overheat demand and spark wage costs and higher taxes, while cautioning that orders lag in steel and car sectors and housing starts remain weak. Leading firms cut spending plans for the year. The purchasing agents foresee a peak pace for 1966 this quarter.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
Wall Street
Congress
First National City Bank notes inflation risks and tax impact
The bank’s monthly economic letter highlights backlogs in durable goods orders and rising capital spending plans. It notes profits rose 12 percent across 1,399 companies, boosting sentiment, while cautions about tax effects and farm product weakness temper overheating fears. Construction and capital-goods demand easing could delay fiscal action.
MENTIONED IN THIS ARTICLE
First National City Bank
New York
Franklin Returns from London After Taxation Debate
In 1775 Benjamin Franklin came back from London and cast a long vain effort against arbitrary taxation of the colonies.
MENTIONED IN THIS ARTICLE
Benjamin Franklin
London
Yates Named Morgan County Chairman for Scout Camp Drive
Decatur City Administrator Larkin W. Yates was named Morgan County chairman of the Tennessee Valley Council Boy Scouts camp expansion fund. The $350,000 drive aims to establish two new resident camps at Camp Westmoreland and a Jackson County site, with kick-offs in Decatur and a May 23 victory meeting.
MENTIONED IN THIS ARTICLE
Decatur
Larkin W. Yates
Morgan County
Tennessee Valley Council
Boy
Yates
TVC
Antion
Friends of Scouting
Central Methodist Church
Alabama
Camp Westmoreland
Lauderdale County
Jackson County
Westmoreland
Council
Southern Airways approves 3 for 2 stock split and dividend
Southern Airways stockholders approve a 3 for 2 split and change in authorized common stock. Outstanding shares rise from 670000 to 1005000 with one new share for every two held on May 16. A dividend of 8 cents per new share is declared, equating to a 20 percent increase.
MENTIONED IN THIS ARTICLE
Atlanta
Southern Airways, Inc
New Camps to Meet Rising Scout Camp Demand
Yates notes rapid growth in the scout movement has created demand that allows fewer than half of eligible boys to experience a week at camp each year. The planned camps will address this shortfall and accommodate current and projected increases.
MENTIONED IN THIS ARTICLE
Yates
Scout Movement
Dividend Payment Date For Old Shares
Dividend payable June 15 to holders of record May 16. Snakeroot or milkwort noted as a popular medicinal plant historically used in nostrums alongside snake oil and swamp water.
Also Mentioned on This Page
Decatur High
Decatur High School
Larry Sparks
Lonnie Cain
Brigette Hennesy
Bruce Hose
ORR Drapery
E. Moulton St
H & H Wasgreen Drug
BIG
Dia
Arkling
Rohan
Ome Atoaganatas
Second Ave
Walgreens
U.S.P
H&j
Walgreen Drug
Autocrat Sealtest
Ani
Rliada
Alan
Hillrose
Tates
Ide
Eyee
Aytinal
Simat
Olatsen
Mon
H & H Walgreen Drug
LTT
Oleon
So Sportsmen’s
RI Racine
Tommy Barter
Physicians
Dre
Miu
Ua A
Caamilge
Ayo
Hal
paTtunn
Ais
Jackson, Edison
Limestone
Cullman, Wrence
Franklin
Colbert and
Southern Stock
Buschs
Buschs SE Aaneard
Lowance
Waslegton
Court
South
Neat Jewelers
Sier
General Electric
Sunbeam
Busch’s
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