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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 18, 1962
Page
12
Derby Grain Co lists wheat at 188, corn 1, oats .78, soybeans 2.18, barley .90, and other feeds. AP reports steady cattle and hog prices with Angus steers at up to 30.60, and mixed stock movements as President Kennedy's budget message influences markets.
New York stocks show mixed to moderate trading while bonds edge lower. Cotton soft with quiet activity. Chicago grain futures extend declines as wheat corn oats and soybeans fall on liquidation and hedging. Hog prices rise to 17.85 with steady to higher gains. Cattle slaughter steers hold at 26.75 as markets show mixed signals.
The Day in Wall Street reports continued irregularity in the market but notes improved activity late today. Trading volume was estimated around 3.5 million shares as activity picked up.
Death notices list Edward L. Davis Albert W. Porter and Ada May Southard with graveside and church services scheduled in Oak Hill Baldwin Cemetery St Luke A M E Cooper Warren Chapel and at 711 West 5th Street Survivors named including Christine Scales Arvie Southard Merle Southard and others Funeral homes Bowser Lee Mortuary and hours for visitation prior to services set with details on burial locations and times
A son was born to Mr. and Mrs. Victor L. Newell of Oskaloosa on Wednesday. The notice lists numerous names and addresses from Memorial Hospital area and nearby towns, reflecting a crowded local birth notice.
The Association plans to increase support to state universities tenfold with a $100,000 grant. It aims to boost student and faculty aid, expansion of exchanges, book purchases, and services to other Kansas institutions, highlighting the university's needs and the role of private contributions.
Mr and Mrs Donald C Dyer 1331 Vermont avenue report a son born Wednesday. Mr and Mrs Phillip J Halicki Stouffer Place announce a daughter born Wednesday. Mr and Mrs William Harmon 802 Oak report a son born today. Mr and Mrs Len Porter 1218 North Y street announce a son born today. Mr and Mrs James A Springer Route 1 report a son born today.
Charles Goble and Wayne Pine announce Goble's Food Market will be rebuilt at 547 Indiana Street after a fire that gutted the rear stairs and damaged the interior. The building will be reduced to one story with a new front and southeast entrance. damage estimated at 30,000 dollars.
Frank Sommer 86 of Eudora was admitted to Lawrence Memorial Hospital after breaking a leg when he slipped on ice downtown. He underwent surgery the following morning.
Francis Heller associate dean of the College of Liberal Arts and Sciences at Kansas University will leave Saturday for a meeting in Bogota Colombia. He is KU representative on the International Council on Student Travel and will be accompanied by Mrs Heller. On return they will stop in San Jose Costa Rica where Dean Heller will visit Costa Rica University for the KU CRU student faculty relationship. They will be gone 10 days.
Dr. John Higginson of Kansas University Medical Center will discuss Cancer the Nature of Geographical Pathology at 7:30 tonight in Room 411 Summerfield Hall. The lecture is open to the public and hosted by the Naval Reserve Research Company and KU Sigma Xi chapter.
President Kennedy argues for restraint while proposing new outlays, insisting strict urgency standards guide all additions. He says economy measures defer many desirable projects and even defense programs feel the cut, with Pentagon funding set at about 48.3 billion.
The plan increases defense outlays to 52.7 billion, under 57 percent of federal spending, funding two additional Army divisions and new Polaris subs, bombers, fighters, and missiles while cutting total armed personnel to 2.684 million next year. Space spending reaches 2.4 billion for 1963, with about 1.2 billion for manned flights, up 700 million from this year.
The plan shows rises of 400 million in interest on the national debt to 9.4 billion and in health labor and welfare to 5.1 billion, with education activities up 400 million to 1.5 billion. Natural resources would gain 200 million to 2.3 billion while agriculture commerce and transportation fall 400 million to 2.5 billion and veterans benefits drop 300 million to 5.3 billion. The proposal calls for repealing the 10 percent air fare tax next Jan 1 but offsets losses with new 10 percent levy on air fares and freight plus higher aviation fuel taxes.
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