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Monahans News in Monahans, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Monahans News

Location

Monahans, Texas, United States of America

Date

Jun 04, 1959

Page

8

West Texas Leaders Highlight Budget Battles and Honors

Congressman J T Rutherford reports on early year budget battles as Congress trims 30 million from the Justice State and US Information Agency bill and reduces the Defense appropriations by about 400 million while boosting Nike Zeus Army procurement and slashing Bomarc. Melvin Pollard Young from West Texas graduates from the Air Force Academy, ranking high in his class. Judge R E Thomason of El Paso is honored on Memorial Day birthday with tributes from Government figures. Rutherford praises Thomason’s record and lineage in Texas public service.

Congress Fischhower House Justice Department State Department U. S. Information Agency Eisenhower House Foreign Affairs Committee House Appropriations Committee Defense Department U.S Pentagon Army Air Force West Texas Melvin Pollard Young Pollard Air Force Academy Pollard Air Academy R. E. Thomason el Paso Judge Thomason Washington Truman Thomason Gainesville Fei Paso Austin Federal Bench

Monahans Welcomes Three New Families to Town

Three new families moved to Monahans from May 25 to May 29 according to a local utility company. Names and addresses listed include James T. McCone at 411 So. Franklin, R. C. Ridley at 1208 So. Main, and Raymond F. Riddle at 1103 So. Doris. The notice accompanies a broader column featuring civic notes and a legislative roundup.

Monahans James T. McCone Franklin R. C. Ridley Main Raymond F. Riddle Doris

Money forces and stock market trends analyzed

The report notes money supply effects on borrowing costs and stock cycles. It states the prime rate has risen to 4.4 percent, with the discount rate around 3 percent, and predicts stock declines may precede booms in bonds by months. It also suggests buying bonds after stocks peak in the cycle.

Federal Reserve Board Federal Reserve

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