New Fed Rate Shake Up Stirs Markets at LBJ Ranch
President Johnson summoned Federal Reserve Chair William McChesney Martin to the LBJ Ranch near Johnson City Texas to discuss the economics of a rate increase. Treasury Secretary Henry Fowler Budget Director Charles Schultze and CEA chair Gardner Ackley joined the arrival from Washington around 11 a.m.
MENTIONED IN THIS ARTICLE
Johnson City, Tex
Johnson
William McChesney Martin
Federal Reserve Board
Lbj Ranch
Martin
Washington
Secretary of the Treasury
Henry H. Fowler
Charles L. Schultze
Gardner Ackley
The
Council of Economic Advisors
KU Court Rules Student Fees For Cage Tickets Refund Likely
The Kansas University Student Court voted 6-1 to uphold a suit by three KU law students against the All Student Council over a $4 reserved ticket charge. The court ordered revocation of the stadium expansion plan portion tied to admission and urged the KU Athletic Board to refund $4 to each season ticket holder. Athletic officials will study the ruling before acting.
MENTIONED IN THIS ARTICLE
Kansas University
KU Law
All Student Council
T. J. Snyder
Independence Law
Memorial Stadium
Wade Stinson
Trading Is Heaviest In First Hour As Fed Hikes Rates
The Fed increased the discount rate to 4.5 percent and boosted time deposits to 5.5 percent, triggering heavy early trading as the Dow plunged 17.60 points in the first hour and then fell to 9.36. volume 6.15 million shares by noon and 3.94 million in the first hour, the largest first hour total since hourly figures began.
MENTIONED IN THIS ARTICLE
NEW York
Federal Reserve Board
New York Stock Exchange
Weather and events blur a mild forecast with Legion dinner
The forecast calls for fair and mild weather in northeast Kansas with warmer temperatures through Tuesday and diminishing winds. A Legionnaires steak dinner is planned for 8:30 p.m. on December 7 at the Legionaires hall.
MENTIONED IN THIS ARTICLE
Legionnaires
Legionaires
Santa and the Zabbazara Bus begins in Journal-World
The tale features the ominous Voodoo Man and the amazing Mr. Diefenderfer, driver of the Zabbazara Bus, in a Christmas special running from Page 15 through Christmas Eve.
MENTIONED IN THIS ARTICLE
Mr. Diefenderfer
Santa
Journal-World
149 More Bases Are Closed By Sec McNamara
Secretary of Defense Robert McNamara ordered 149 more bases closed or reduced to save 410 million dollars a year. Total savings reach 1.5 billion annually with 703 prior actions since March 1961. Bases span 39 states plus the District of Columbia and 10 foreign countries. Formal announcement of the new list slated for Wednesday. foreign bases worth 93 million dollars will be disclosed after talks with host countries. No impact on U S troop dispositions. Reports to Congress on January 10.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Johnson City
Tex
Johnson
New York
Robert V. Roosa
Brown Brothers, Harriman & Co
the Treasury
John F. Kennedy
Los Angeles
Louis B. Lundberg
Bank of America
U.S. Savings and Loan League
National Council of A Sound Monetary Policy
Wright Patman
D-Tex
House Banking Committee
Norman Strunk
League
Federal Reserve
Washington
Robert S. McNamara
McNamara
Southeast Asia
District of Columbia
U.S
Defense Department
Senate
House Armed Service Committees
Lovell First Space Striptease Marks Morale Moment
In Houston, Gemini 7 astronauts staged a humorous space striptease as James Lovell rode in long underwear during the 29th orbit. Ground control noted Lovell and Frank Borman remained comfortable as crews prepared for a planned rendezvous with Gemini 6. World’s first space rendezvous awaited Walter Schirra Jr and Thomas Stafford with Cape Kennedy launch slated for December 13, as electrical mating advances were reported at Titan 2 boosters.
MENTIONED IN THIS ARTICLE
Lovell
Australia
Jim
Borman
Haney
Chris C. Kraft
Cape Kennedy
Space Agency
Martin Co
Oklahoma coach Gomer Jones resigns after 3-7 season
Norman Oklahoma AP Gomer Jones steps down as head football coach at the University of Oklahoma citing university good and fatigue from criticism. He will stay on as athletic director despite the Board of Regents and Dr George L Cross expressing confidence and honoring his four year contract.
MENTIONED IN THIS ARTICLE
University
Board of Regents
Jones
Taylor Draws Quantrill Parallel In Viet Nam Talk
Gen Maxwell Taylor compared the Viet Nam guerrilla war to Quantrill’s 1863 Lawrence raids in a KU lecture to about 4 000. He urged persistence, urged no cease fire with Hanoi, and criticized UN intervention while noting U S presence and Red China influence as key issues.
MENTIONED IN THIS ARTICLE
Ers
United Nations
Hanoi
Red China
Raymond Nichols
Taylor
U. S
Lawrence
Kansas City
Kansas Union
Johnson
Gen. Taylor
KU All- Student Council
KU Convocations
Viet Nam
Red
Taxpayer Assessed Directly Under New Personal Property Plan
The state shifts door to door personal property tax assessing to taxpayers starting Jan. 1. Taxpayers must list items for assessment and submit to the county assessor within two months or face penalties. John Doe’s renewal form now includes a property assessment and census section.
MENTIONED IN THIS ARTICLE
John Doe
State Vehicle Department
Doe
December Warmth Defies Kansas October Feel
In Kansas the December weather acts like October with temperatures in the 60s and fair skies over the weekend. Weather bureau forecasts expect temperatures about 10 degrees above average through Saturday and possible higher readings than 60 if winds shift. Tonight’s low mid to upper 20s, skies fair through Tuesday. Saturday high 66, Sunday low 45, Sunday high 63, and today’s dawn low 28.
MENTIONED IN THIS ARTICLE
Kansas
Weather Bureau
School Board Primary Voting Opens Across 16 Sites
Polls open at 8 a m Tuesday for the Lawrence Unified School District No 497 primary to choose three of eight candidates to advance to the December general election. Voters must reside in the district and be 21 or older with six months in state and 30 days in precinct. Precinct changes affect several polling places.
MENTIONED IN THIS ARTICLE
Board of Education
Lawrence Unified School District No
Jim Owens
Lawrence Florist
Ray Culbertson
Savings and Loan
Navy Bowman
Kansas University
Emil W. Heck Jr
Donald C. Breithaupt
W. F. Bradley
Charles H. Oldfather
Journal-World
Harold Fisher
Fisher
Douglas County State Bank
Pinckney School
Schwegler School
City Hall
Allen Fieldhouse
Hillcrest School
EUB
Cordley School
Centennial School
Church of the Nazarene
Central Junior High
Kennedy School
East Heights
Court House
New York School
Woodlawn School
West Junior
Grant
Riverside
Wakarusa Valley
Kaw Valley
India
Mackey
Grant School
General Taylor Says He Is Not Spokesman for Johnson on Viet Nam Policy
Gen Maxwell D. Taylor told reporters at Kansas University he is a private citizen and consultant, not a Johnson administration spokesman. He argued U S policy in South Vietnam is clear and the civilian government there, led by Ky, has more civilian control than expected. He urged continued public education on U S aims and commented on public demonstrations.
MENTIONED IN THIS ARTICLE
Maxwell Taylor
South Viet Nam
Regents
Strong Hall
Kansas University
Hoch Auditorium
Journal-World Photo
Maxwell D. Taylor
Johnson
U. S
Gen. Taylor
Frank Strong
Taylor
Also Mentioned on This Page
KU Court
Tempe
Sun
Hillcrest Bowl
Rumsey Funeral Home
Gene Doane
Eadings
Anture
Sec. McNamara
Outer Space
Gemini
Bulletin
United States
Quantrill
Joint Chiefs of Staff
Lee
Hixon Studio
Mass
Adv
Russell Stover
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