Healthy sign from industry signals high capital spending
Iron Age predicts sustained high capital spending through late 1960 based on a National Industrial Conference Board survey. In metalworking, fabricated metals up 19 percent and electrical machinery up 41 percent, while primary metals including steel face a sharp 59 percent cutback. An uptrend in car industry steel buying is expected to lift production in August for 1961 models.
MENTIONED IN THIS ARTICLE
New York
Iron Age Magazine Today
National Industrial Conference Board
Retail step by unions to run New York drugstores
Nine major unions move to form a nonprofit corporation to operate a chain of cut rate drugstores in New York City. The plan aims to cut family drug costs by up to a third, drawing protests from 3,400 retail druggists and their unions. Stores will close Sunday except for 1,000 remaining open to meet emergencies.
MENTIONED IN THIS ARTICLE
New York Times News Service
New York
Benjamin L. Gudes
New York Retail Druggists Association
Jeffries Elected President of Westinghouse Veterans Group
Brady I Jeffries has been elected president of the Kansas City chapter of the Westinghouse Veteran Employees association. The group includes employees with more than 20 years of service. Elect officers include E W Harvey vice president W W J Van Questerdiep secretary L McCeiland treasurer P A Cresson L E Risinger and G Wisegarver as directors.
MENTIONED IN THIS ARTICLE
Brady I. Jeffries
Wallace Avenue
Kansas City
Westinghouse Veteran Employees Asssociation
Jeffries
Missouri Valley District
West Eleventh Street
Westinghouse Hei
E. W. Harvey
Wicewrest Apat
W.W. J. van Questerdiep
L. McCeiland
British walker clashes with city police in Columbus route change
Dr Barbara Moore the British coast to coast walker was forced to reroute through Columbus by police during peak traffic. Three motorcycle officers escorted her through the city yesterday as she resumed her journey toward Zanesville 56 miles east on U S 40. The police order reportedly cost her time.
MENTIONED IN THIS ARTICLE
Columbus
Barbara Moore
Zanesville
Here
U. S. 40
Americana at Lexington Opens New Manhattan Hotel
Construction begins on the first new Manhattan hotel since 1931. The 25 million dollar Americana at Lexington Avenue and Fifty First Street will have 800 rooms and is backed by Loew's Theatres Inc. It is slated to open on October 1 1961.
MENTIONED IN THIS ARTICLE
New York
Manhattan
Lexington Avenue
Fifty-first Street
Loew’s Theatres, Inc
City-Owned Garage Profits Rise for Fourth Fiscal Year
The city owned facility reports fiscal year revenues of 420 799 and operating profits of 254 905 with an average daily volume of 1 720 cars. American Garages Inc ran the operation with manager Robert W Hoffman noting June 22 1960. The year saw growth and profits exceeding interest requirements by 85 370 despite a 2 055 revenue drop from April 1959.
MENTIONED IN THIS ARTICLE
American Garages, Inc
Robert W Hoffman
American Garages
THE
Kansas City Star
Auditorium Plaza garage reports fourth full year gain in revenue
The Auditorium Plaza garage completed its fourth complete fiscal year on April 30 with rising parking volume and higher revenues and earnings. Revenues rose by $33 676 and operating earnings by $30 530, reflecting continued growth in net operating profit.
MENTIONED IN THIS ARTICLE
Auditorium Plaza
Revenue bonds finance park construction with high profits
The text notes parking capacity at 1,200 spaces with 1.43 times overage and reports operating profit at 1.5 times interest requirement. It mentions the first principal payment on the revenue bonds used to finance the park’s construction.
University Women Delay HQ Occupancy Due to Painter Strike
Washington June 22 AP State presidents of the American Association of University Women gathered for their eighth biennial conference. A painter strike has delayed occupancy of the group's new headquarters building, but a cornerstone laying ceremony is planned.
MENTIONED IN THIS ARTICLE
Washington
American Association of University Women
Niew
Moon life simulated research facility urged
The House space committee reported progress on building boosters to reach the moon but warned little thought given to life support. It cited lunar hazards including extreme temps from 270 below zero to 212 above, near vacuum, micrometeorites, radiation, and sun exposure. A 6 million dollar Army engineers plan seeks a facility to simulate these conditions.
MENTIONED IN THIS ARTICLE
Ashington
House Space Committee
Army of Engineers
Moon exploration hurdles dominate engineering committee report
The committee warns long road to lunar living with many problems to define and solve. It calls for top priority booster projects for Moon trips and notes no current program simulates lunar conditions for explorers. An engineers' facility would reproduce lunar temperatures in a sealed steel sphere housing four men. NASA outlines 10 year plan for manned lunar orbit by decade end with landings not before the early 1970s.
MENTIONED IN THIS ARTICLE
Defense Department
National Aeronautics and Space Administration
NASA
Special Medal Authorized for Dorchester Chaplains
The House passed a bill to award special medals posthumously to four WWII chaplains George L. Fox Alexander D. Good Clark V. Poling and John P. Washington who perished with the Dorchester after a 1943 torpedoing. They had already received the Distinguished Service Cross. In the aftermath they gave up their lifejackets and stayed aboard as the ship sank.
MENTIONED IN THIS ARTICLE
Washington
Dorchester
North Atlantic
White House
House
George L. Fox
Gilman, VI
Alexander D. Good
Washington, D. C
Clark V. Poling
Schenectady
N. Y
John P. Washington
Life term for Mississippi sheriff slaying plot
A district court jury convicted Hillary Thornhill, a bootlegger, of engineering the shotgun slaying of J. W. Polk, the Marion County sheriff, in Columbia Mississippi. The jury deliberated one hour and fixed the penalty at life imprisonment.
MENTIONED IN THIS ARTICLE
Columbia
Miss
Hillary Thornhill
J. W. Polk
Marion County
Mrs Eisenhower Returns to White House After Hospital Stay
After three weeks at Walter Reed Hospital for acute asthmatic bronchitis, Mrs Mamie Eisenhower is back at the White House. Assistant press secretary Anne Wheaton said she is feeling better and plans to host a dinner for the king and queen of Thailand arriving June 28.
MENTIONED IN THIS ARTICLE
White House
Washington
Mamie Eisenhower
Walter Reed Hospital
Anne Wheaton
Ant
Eisenhower
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Columbus CO
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AONES
Downtown
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Highway 40
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paPont T.M
Blue Ridge Center
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