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Newspaper
Logan Daily News
Location
Logan, Ohio, United States of America
Date
Jun 20, 1963
Page
12
Business and government economists remain optimistic about the economy for the rest of the year as auto sales and output stay ahead of last year, inventories stay healthy, and government spending rises. Steel orders drop from hedge demand for a possible strike, but most expect a limited impact.
New final regulations on travel and entertainment deductions will be released soon and take effect August 1. Commissioner Mortimer Caplin said the rules target abuses while not restricting legitimate business, outlining three guiding scenarios for meals with clients and modest entertainment. Caplin projected up to 4 billion dollars in savings from depreciation allowances and investment credits.
Detroit plans a Sunday Walk to Freedom led by Dr. Martin Luther King Jr to mark 20 years since the 1943 riot end. Officials seek 100000 participants to march downtown past the 1863 and 1943 riot sites, fundraise for the SCLC and protest racial injustices in housing and jobs.
Taipei dispatch reports Chiang Kai shek regime will issue postage stamps June 27 to mark the arrival of refugees from the mainland in 1962. First set shows a tearful girl Lee Ying. second set portrays a man with his wife and child. Denominations are 80 cents and 3.20 dollars. Also noted is a study showing engineers' nationwide jobholders rising 64 percent in the 1950s.
A warm but pleasant day at Old Man's Cave drew a large crowd of picnickers from Circleville New Plymouth Laurelville Logan and Haydenville area. Local residents including the Unger family and friends visited Pearl Unger and family after noon. Several neighbors and guests were noted with multiple calls and visits during the week. A two week Bible school started Monday at St Johns Chapel inviting all.
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