Freeman Boosts Cotton Support to 33.04 Cents a Pound
Washington reports Agriculture Secretary Freeman raised 1961 cotton support price by 62 cents per pound above 1960, to 33.04 cents, with most growers benefiting though the government subsidy structure remains largely unchanged. The plan ends the extra loss program affecting the 1961 season.
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ABA Unit backs rise in federal judgeships
Chicago report says the American Bar Association House of Delegates unanimously approved President Kennedy's plan to create 139 new federal judgeships. The policy group also backed a proposal for all nine justices to participate in every Supreme Court decision and for at least five justices to concur in each ruling.
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Market Volume Big but Stock Prices Uneven
Market activity remained heavy on Tuesday with mixed price moves across many issues. The Dow Jones Industrial Average slipped 1.25 to 652.40 while the 60-stock average edged down 0.30 to 236.50. volume rose to 5.07 million shares, with 96 new highs for 1960-61 and no new lows.
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Study of Central Tax Agency Sent for One More Review
In Sacramento a plan to centralize California tax collection was sent to a three-member subcommittee for two weeks more study. Assemblyman Milton Marks said a State Revenue Department would save about 3 million dollars yearly.
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Gordon H. Winton, Jr
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Air Cooling Contracts Set For Boat and Aircraft
The Gar fetes AiResearch Manufacturing Co. of Los Angeles won contracts to supply an air cycle cooling system for a hydrofoil boat crew and another air cycle air conditioning system for the Navy A2F1 Intruder carrier based attack aircraft. Dynamic Development Inc. a Grumman affiliate, awarded the hydrofoil contract and Grumman awarded the aircraft contract. Amounts were not disclosed.
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India and Russia Sign 600 Million Rupee Trade Treaty
New Delhi reports India and Russia signed a 600 million rupee agreement for deeper economic collaboration. The pact funds industrial projects including a hydroelectric station an oil refinery and oil exploration. Since 1955 Soviet aid totals 3,854,100,000 rubles about 809 million dollars in mostly credits.
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Brazil Probes Reports of Paraguayan Refugee Killings
Brasilia officials investigate claims that eight Paraguayan refugees opposed to dictator Alfredo Stroessner were killed by Paraguayan soldiers on Brazilian soil. If confirmed, a strong protest is anticipated.
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UPI
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Treasury Report Dividends Green Moudlain Rewer Corn
New York Treasury report notes a decline in staple prices with mixed signals across commodities. Details are difficult to parse, but figures show previous day levels around 16297 and 167 with modest movements and references to weekly and yearly figures.
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Wick Aga
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