Wall Street Slumps on Tax Hike Fears and Inflation Talk
The market faced a two day hit from William McChesney Martin Jr and Gardner Ackley urging tax increases to curb inflation. Tuesday and Thursday brought broad declines with Xerox IBM and Polaroid among the hardest hit. rails showed relative strength.
MENTIONED IN THIS ARTICLE
Gene Gaffney
NEW York
UPI
Federal Reserve Board
William McChesney
Martin Jr
Gardner Ackley
Johnson
Martin
Ackley
Toledo
Ohio
President’s Council of Economic Advisers
Congressional
Wall Street
Polaroid
Xerox
IBM
Corning Glass
New York Central
Pennsylvania
Chicago
North Western
Great Northern
Zerox
Teledyne
Chicago '& North Western
Israel
du Pont
Markets at close show mixed stocks and firm U.S. equities
UPI reports Friday market wrap with mixed stocks and firmer American shares. Bonds softened slightly while U.S. government issues fluctuated. London and Midwest markets are mixed. cotton stable. Chicago grains show small moves in Wheat Corn Oats Rye and Soybeans with modest gains and losses.
MENTIONED IN THIS ARTICLE
New York
UPI
U.S
Midwest
London
Chicago
Trane Introduces Oil Fired Furnaces for Homes
Trane Co unveils a new line of oil fired warm air furnaces for central residential heating and air conditioning. the 20 models range from 85 000 to 335 000 btu with matching components such as cooling coils outdoor units humidifiers and electrostatic air cleaners including odor removing activated charcoal cells and an anti pulsation burner design to quiet operation.
MENTIONED IN THIS ARTICLE
Trane Co
Trane
Tool Rental Firm To Open At 2800 Ward Ave
A to Z Rental Service announces an open house July 7 to 9 at 2800 Ward Ave to showcase the new owner operated outlet led by Gerald Welch. Refreshments will be served during the three day event as the shop joins a nationwide A to Z Rental network. Welch, a former motel owner manager, resides with his wife Irene at 2220 IS 14th St and holds memberships in the Mason, Madison Zor Shrine, and South Side Business Men's Association.
MENTIONED IN THIS ARTICLE
Ward Ave
Gerald Welch
Welch
14Th St
Irene
Madison Zor Shrine
South Side Business Men’s Association
Towne and Country Realty Co. Moves to West Ave Site
Tilford Nelson owner of Towne and Country Realty Co. moved from 1414 Vine St. to 1220 West Ave. S. Nelson, a Westby native, bought and rezoned the new property and remodeled it. The agency handles farm sales and other property, is MLS listed, and employs one other salesman with Mrs. Nelson handling phone work.
MENTIONED IN THIS ARTICLE
Towne and Country Realty Co
Tilford
Tip) Nelson
Vine St
West Ave
Nelson
Westby
West Avenue
Towne and Country
Treasury withdrawals deposits and public debt figures to June 27
Treasury data show this year’s withdrawals totaling 163.9 billion dollars and deposits 161.8 billion with a cash balance near 6.92 billion and public debt around 327.0 billion. Last year withdrawals reached 141.0 billion with a cash balance of 12.13 billion and public debt of 320.56 billion. Internal revenue collections on June 27 were 747.5 million.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
EAB Eoate Asay Sale
Internal Revenue
Hospital costs rising sharply threaten patients nationwide
Sylvia Porter reports the average daily hospital stay costs about 61 dollars nationwide, higher on the Pacific Coast, with projections of 70 dollars by 1970. Wages, equipment, and rising demand push expenses upward, while Methodist Hospital in Houston leads cost-cutting through joint facilities, outpatient care, seven-day operation, graded nursing, mechanization, and training of subprofessionals.
MENTIONED IN THIS ARTICLE
Houston
Tex
U.S
Pacific Coast
American Hospital Association
Oe Pe
Methodist Hos
Methodist Hospital
Ted Bowen
Methodist
The
Hall Syndicate, Inc
NYSE Indexes Close Change Across Sectors
The closing figures show mixed results with the Dow Industrials edging down 0.1 to 51.74 and the Transport index near 54.34. Utilities and Finance show slight declines while common index drifts around the 50s, reflecting a cautious session.
MENTIONED IN THIS ARTICLE
American Exchange New York
API
Aerojet
Anelex Corp
Arklag
Asso O 1&G
Val Es Belltcn
Wes 'Felmont Oil
Firth St
Ford
FrontAirl Sk
Greer
Se Kirby Pt
Lee Natl Cp
RyanCn Pet
Signaloila
Sonotone
Statham
Ampex Corp
Syntex Benguet
Technico
Pan Am
Te Sperry Rand
WsNuck
van Glen Alden
ZaleCorp
Diners Club
United Nuclear
Uniroyal
Xe Gen Develop
Hess Oil
McDonnell Doug
Penn Dixie Cem
Dow-Jones Ind
S&p 500
Also Mentioned on This Page
la Crosse Tribune
Che la Crosse Tribune Business Market
Dow-Jones
United Press International
New York Stock Exchange
Acmemk
Adresso
Admiral
AirRede
Nest Wesae Sbrdal
HammPap
Searsr Co
AlliedSt
Heclam
Amerada
Ve Hershy
Am Airlines
Shell Tr
Brest
Sheraton
Hewitt
HiltonHoff
Sinclair
Hoff
Hooker
SouthCo
Hupp
Spartan Ind
Va Amer
Idaho P
Sperry
Val Ing Rand
StdOlOh
Ametek
Va Stan Warn
Sterlorg
Stone&w
Intl Packers
Ve Armour
T&t
T&twi
SwiftCo
Assoliw
Atchisn
e+ V4tek Corp 135 1262 123 12344—1% —TT— 7 87% 862 8634 —‘e Teledyne
Tennec
Atirich
Johns L
Atlas Corp
Texaco
Jones L
Va Kayserr
Kelly H
Timken
Va BeechAc
Kenned
TraneCo
Beechn
Kennecott
Transama
Bell&Hil
KernCl
Kidde&Co
Kimbc
Kopper
e+ Ve Un Pac
Mat
Braniff Air
Lehman Cp
Bris My
U Aircr
LiggettMy
UnCorp
Nn Budd Co
UnFruitCo
Va Bulova
Lockhd
UtdGas
Burlind
Burroughs
Wis
CalHcla
US Indus
Ussmit
Caroll
US Steel
CardTel
MacyCo
US Tob
Magma
Magnyx
Upjohn Caterter
Mar Oil
Utah
MarMid
Marshall
Vanad
Cerro
Martin Ma
Varian Asso
I — VelMassey
Vendo
Ches Ohio
Chmsp&p
McGrawh
Walern
Chi NoWst
Yaaa
McKess
Va Warn Lam
Chi Ri&pac
McLean
Mead C
Chrysler
Merck
WsAirLine
WsBanc
Wunion
West AB
Val Clevee
West el
CocaCol
Colgate Co
Ss Weyerh
Collins R
MobilOs
Cbs
Masato
WhiteMot
MontDr
WinnDx
Col Gas
MontPr
ontWard
Woolworth
Morrelld. Co
Yongst
atstTel
Chicago Board of Trade
Contri
NatSteel
Ney Pwr
Newbry
Crucible
Cyprus
Dana
Norf&Ws
Deere
Northropc
Fea- Del&Hd
NwstAirl
Ogdencp
Va Dow Ch
Ohio Ed
Dresser
Okla Gre
Va Duke P
DuPont
OrRock
Duanel
Tis el Co
Oxf
ElPaso NG
Eltracp
pacGas
Essexwire
Peabody C
Fairci
Penny
FairHir
Penn Dx
Fairmont
Pennpl
PepsiCo
Pfizer
Flintkotec
Ye Phelp D
Va FlaPwe
PhilaEl
RM Fmc
Phil Mr
Fdfairs
Va PhilPet
Va Philsbry
Piper A
Pse&g
Ralston
Rexall
Gen Tire
Genese
GaPacife
RiegelPap
Gillette
Rochr
Goodyr
Val Rockwis
Rohr Co
Sang el
Schniey
Scherng
Val Schlum
Koo
Iso
Uel
Standard & Poor
NYSE
Quotron Service
By and Press International
Util
Stks Ib Am
Netwig
Petcho
UPI Telephoto
Chicago Grain
Invest Group
National Associ Mnt
Dealers, Inc
Inv Res
Aberda
Istel
Acv
Ivest
Affil
Keystone
Inv
Hgr
Aine
Axeh A
Axel
Lorage
Axeh St
Lor Inc
Axe Sci
Lexing
Blve Aid Lex Res
Bnd Stk
Loomis Sayles Bullock
Cap Inc
Channing
Mass Li
Mid Am
Com St
Moodys
Grth
Nat WS
CmSt
Commonwlth Nat
Balan
Cw Cap
A&b
Divid
C&d
Cwth
Incom
One Wm
Corp Ld
Crown
Opph
Penn Sq
deVah M
Peoples
Decatr
Phila Fd
Dela Fd
Pine St
Diver Gr
Pioneer
Diver In
Price TR
Divid Sh
FUNDS
Eatn Bal
Geo Eatn Stk
Grp
Inc
Energy
Ent Frid Rep Tech
Equity
Revere
Scudder Fds
F.uf
Fletcher
Flairth
State St
Sted S&g
Sted Am
Stein Roe
Franklin Stein
Stein In
Fnk Cm
Stein St
Fnk BP
Stein Inv
Fnk Ut
Fnk
Sup
Telev el
Fund Am
Tmoplitn
Fund Inv
Tex Fd
Gemini
Gem Ine
Twnc
Gen Inv
SEC
United Funds
Aerosp
Accu
Ful Ad
Scien
Grth Ind
UN F Cn
Gryphn
VALUE
Guard
Val Ine
Hamada
Val Inc
Horace
Val Spl
Hub Fnd
Vangrd
Imp Cap
Vared In
Imp Gr
Viking Gr
Inc Cap
Inc Cam
Wsh
Well
Inc Bost
West Ind
Ind Fnd
Whithl
Ind Am
Wndsor
Ind Trnd
Winfid
Ins & Bnk
Wiscon
Invc Am
Inv Bos
Dow Jones
Indus
Rails
Reserve Supply Co
Fridley, Minn
la Crosse
Robert J. Wanzong
E. E. Homstad
Black River Falls
Robert M. Sparks
L. E. Solum
Holiday Inn
Tribune
Standard & Poor's Indexes
Lam Sack Sree
Prev
Treasury Report
Sylvia Porter
By Sylvia Porter
Pital
Nyse Indexes
Victor
WIG Tor Victor
Comptometer Corporation
America
Owley's Office Equipment CO
S.W
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