Tax Cut Hope Lifts Stocks To New High
Rising hopes for an early income tax cut propelled the market to a record high last week. The 60-stock average rose 3.7 to 283.3 and the Dow gained 9.73 as optimism about retroactive legislation and broader economic steps boosted activity in New York trading.
MENTIONED IN THIS ARTICLE
New York
Washington
Senate
Dirksen
Johnson
Associated Press
Kennedy
U.S
New York Stock Exchange
Auto newcomer Carroll Shelby on breaking into car making
Carroll Shelby, former champion race driver, discusses his Shelby AC Cobra as a new American sports car venture. He explains Ford helps with engines and transmissions, notes two major makers in the U.S. and cites costs for street and racing versions. The Cobra is built with English body and chassis, finished in California, aiming for a belt driven, high horsepower V8 vehicle.
MENTIONED IN THIS ARTICLE
Detroit
Carroll Shelby
Shelby
General Motors
David Goliath
Ford Motor Co
Ford
Carroll
Ford Finance
United States
Europe
England
A. C. Motors
Venice
Calif
Peak loading problem spurs new power plants
The article outlines rising peak loads in electrical demand and introduces two new peaking solutions. Babcock & Wilcox proposes a ready reserve thermal plant costing 20 to 50 percent less than existing systems, while General Electric unveils a power block of four 14 000 kilowatt gas turbine units operable as a single plant.
MENTIONED IN THIS ARTICLE
Babcock & Wilcox Co
S. T. Mackenzie
National
General Electric
United States
Mackenzie
Edison Electric Institute
the Institute
District oil and gas activity down across Monroe district
The Monroe Oil & Gas District recorded lower activity last week with nine completions across 15 parishes. Twenty new locations were staked and 29 rigs were active in 10 parishes, led by LaSalle with eight rigs and Concordia and Ouachita with two each. 21 wells were plugged and abandoned, while districts numbered 73 locations and 73 inactive wells.
MENTIONED IN THIS ARTICLE
Monroe
Concordia
Tensas
Catahoula
LaSalle
Rapides
Union
Winn
Concordia Parish
Walter W. Heard Jr
Clayton Field
LaSalle Parish
Avoyelles Parish
Ouachita Parish
Caldwell
Richland
Madison
Ouachita
Monroe Field
Avoyelles
Wildcat
Justiss Mears Oj! Co Inc
R.O. Martin No
Sec
Pan Amer Petr Corp
Elder Realty Co Inc
Isec
R.O. Martin Lor Co Inc
R. O. Martin Lbrco Inc
Shell-Ashland
L.A. Moreau
Helis SU K.S.W. Imp Co
Caldwell Parish
the Atlantic Refg Co
Shell Oil Co
Catahoula Parish
Kinsey I
Burroughs No
Harrisonburg
Beall & White
C.F. Randall
South
Urania Lor Co
Olla
Placid Oi! Co
la Cent
Urania Lbr
West Searcy
LaSalle Prod & Dev Co
J.F. Ganey
Trout Cree
Justiss Mears Oil Co
A. Griffen
Tullos Urania
Behring
Berhing
Saratoga Oil Co
Urania Lbr Co
O'Neal
Pichland Parish
Humble Oil & Refg Co
Mamie L. Ellington
Wildcat Field
Petroleum Maunt
Neil D. Clark
Tensas Parish
Lamar Hunt
F. Jonas
Crow- Greyhound
Dris
Calhoun
Wilcox
Lake Curry
Humble Oil
Fairbanks
Wildsville
Robert C. Nalan
Pritchard Field
Mobley & Stephens
Lacill Mo
Big Bayou
R. F. Williams
Dela. ‘Co
Wilcor
Ashland Oil
J.N. Coon
Harrell
Madison Parish
wWildcat Jones
O'Brien
Singer Ofg. Co
Tuscaloosa
Rapides Parish
Big Island
Odria
Bardwell Et al
Richland Parish
wildcat — Petroleum_ Mamt
Monroe Gas Field
W.J. Wegman Jr
McKinnie No
Monroe Gas Rock
Kincaid Bayou
McGoldrick & Watson's
Fisher
Harvey Browies
P.G. Holloway
Olin Mathieson
Hosston
Crystal ‘Oil & Land Co
Central Mon. Co
Guiman
Wilcox Catahoula Parish
Pool Lake Field
Erwin Wo Sage
Fisher Smobr Corp
Witor Avoyelles Parish
Pan American Pett's Elder
Aaity Company
Shainberg Announces Record Christmas Bonus
The Sam Shainberg Co. plans the largest Christmas bonus in its history. Herbert Shainberg says about 1100 employees across 60 stores will share 65000 dollars. Bonuses range from 2 to 6 percent based on tenure, marking the 26th year of such rewards. The Memphis based firm operates Shainberg and Kent stores.
MENTIONED IN THIS ARTICLE
Directors of Associates Investment Co
Associates
Sam Shainberg Co
Southern
Herbert Shainberg
Shainberg Company
Memphis
Shainberg
Kent
Baker's To Give Christmas Bonus
Baker's shoe store employees at 213 DeSiard will share in a 320000 Christmas bonus distributed by Edison Brothers Stores Inc. Roy J. Scalia announces over 5000 employees in 497 stores will receive the bonus, marking the 30th consecutive year of such payments. Edison Brothers also adds about 400000 to its Employee Welfare and Pension Plan Funds, now over 6000000, funded entirely by the company.
MENTIONED IN THIS ARTICLE
Baker's Shoe
DeSiard
Edison Brothers Stores Inc
Roy J. Scalia
Yale
Scalia
Jedison Brothers
Telegraph Trails to Johnsons Ranch Remain Busy
Communication crews rigging LB Ranch near Johnson City Texas accelerate efforts to link the summer White House with the world. Residents say to find the ranch you follow the telephone trucks as workers run 6 a.m. to nightfall. Newsmen count over 40 telephone trucks from Austin with vast cable, poles, and cross bars. Western Union reports at least 30 new telegraph lines are being strung toward the ranch.
MENTIONED IN THIS ARTICLE
Austin
Tex
Cap
President Johnson
White House
Johnson City
Texas
Western Union
Tight Security For LBJ New York Funeral Visit
President Johnson will attend Herbert Lehman’s funeral in New York along a high security route. The Secret Service will be joined by about 5,000 NYPD officers and 35 motorcycle patrols. The motorcade will use an undisclosed path from Idlewild to Manhattan’s Upper East Side. Johnson travels with a Senate and House delegation. Arrival expected about 12 15 p m EST. Security focus includes underpasses overpasses and tall buildings along the route.
MENTIONED IN THIS ARTICLE
New York
UPI
Johnson
U. S
Herbert N. Lehman
New York City
Idlewild Airport
Manhattan
Upper Fast Side
Washington
Walter Arm
a_ briefing
Big Business Recovery Is Recorded
New York AP reports a strong weekly rebound in business after Kennedy's assassination. Automakers show pent-up demand with 662,500 November new car sales up 1 percent from last year. Retailers foresee a record Christmas season. steel production rises for sixth week. stock market rebound boosts confidence. Kaiser Aluminum raises ingot price. Allied Vegetable Oil bankruptcy triggers banking and brokerage fallout with potential losses near 100 million.
MENTIONED IN THIS ARTICLE
New York
John F. Kennedy
Detroit
Johnson
National Association of Manufacturers
Allan P. Kirby
Alleghany Corp
Wall Street
United States
Kaiser Aluminum and Chemical Corp
Labor Department
Sears, Roebuck and Co
William Willensky
Bi. J. Korvette, Inc
Tank Farms
Bayonne
Allied Crude Vegeable Oil and Refining Co
Ira Haupt and Co
Allied
J. R. Williston and Beane
Allied Crude
Walston Co
Monroe Construction Leads with 269 476 Week Permits
Monroe building permits for the week ending December 26 totaled 13 permits worth 269 476 dollars, a rise driven by four new structures and one large addition. Key items include a 131 825 dollar addition to First Christian Church and a 98 600 dollar bank building at Twin City Shopping Center.
MENTIONED IN THIS ARTICLE
Monroe
Dale Martha
City of Monroe
First Christian Church
St. John
First National Bank of
West Monroe
Twin City
Louisville Ave
Gerald L. Page
Douglas Drive
DeSoto
Virgil J. Parker
James Edwards
Renwick St
Lola Freeman
Jackson St
Jewel Brantley
Reed
Luriie Wade
Roselawn
John P. Noel
Wilson
Michael Anthony
Harn
Amil A. Hilman
Lewisville
Maddox
SBA Chief to Visit Monroe for Small Business Aid
W. G. Troescher Jr acting SBA manager will be in Monroe's post office jur y room Wednesday from 8 am to 4 pm to meet small businessmen and banks. He urges bringing three years of balance sheets and profit and loss statements. An SBA representative will visit Monroe monthly.
MENTIONED IN THIS ARTICLE
W. G. Troescher Jr
Small Business Administration
New Orleans
Monroe
Troescher
SBA
Monroe Monthly
Weekly livestock market summary for hog cattle and sheep
Chicago AP reports mixed slaughter cattle and hog trade with cows steady to down 50, bulls up to 1.00 higher. Slaughter steers and heifers show varied weights with high choice prime quotes and mixed loads. Barrow and gilt prices hover around 14.50 to 15.25 with lighter sows and sheep largely steady compared with the prior Friday.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Scots regiment denies 14-year-old boy dream to join
Stirling Scotland AP reports Ian Cheeseman a 6-foot-2 Ning lishman arrived to enlist in the Argyll and Sutherland Highlanders but was turned away. The boy known as Tan aged 14 had vanished from his home in Gillingham near London the day before and expressed a wish to wear the kilt.
MENTIONED IN THIS ARTICLE
Stirling
Scotland
Ian Cheeseman
Argyll and Sutherland Highlanders
Jan
Gillingham
London
Tan
Scouts Honor Banquet Distributes OA Awards at Frances Hotel
Co Manche Lodge 254 Order of the Arrow held a banquet at Frances Hotel Roof where four members received the Vigil Honor. Several scouts earned work-hour awards from 70 to 200 hours. Special awards went to Eloise Wade and Aflen Futon. New officers were installed led by Pankey with Larry Wade named chief. Also noted were troop and pack activities and a Camp Knrolt meeting set for December 29.
MENTIONED IN THIS ARTICLE
Comanche Lodge
Order of the Arrow
Frances Hotel
Larry Wade
Jack BK. Panky
Victor Matthews
Bob Trent
Robbie James
Trent
Eddie Allen
Ball Holbert
Louis Tyrant
Rex Kineminger
Tommy Barker
Ronnie Tyson
Richard Viper
Larry Haddox
Jim ‘Tuten
Bobby Ashmore
John Beasley
Orrie White, Jr
Warren Elam
Newhs
Presidine
Frankie Jones
Charles Fury
Steve Cahn
Yatlow Forge
New York
Butch Theriot
Frankie Joseph
Steve Cabin
Valley Forge
Duit
Georgia Tucker School
Aubrey Phillips
Joseph Kern
John Jones
Chuck Haning
Joe Worley
Billy Ander
James Murphy
Andy Cale
Alfred Gallagher
Chuck Taning
Cub Scout Orchestra
den J. John Jones
Buddy Limery
Tomnmiy Elliott
Wesley Bolton
Gregory White
Don
Patrick Gallagher
Ronnie Moore
Johnny Brown
Jack Reynolds
Barry Gathright
Jack Hunnicutt
Alan White
Pat Scallan
Cole Ktmnsen
Dennis Phelps
Den 1
Den
Lin
SANE
Aubrey Philling
Webelos den
Robert Moore
Billy Anders
John Frandsen
Michael Russell
Randy Devereaux
Mike Inzina
Lonard Vex Sunse
James Simmons
Camp Knrolt
Pam
Also Mentioned on This Page
Auto Newcomer
Industrials Poca Advance
Cook
R E. Williams Orig. Co
la Delta Ne
Biz W. Elis No. 1
Humbie O1
Reig Co
E. Fairbanks
Trout Creek
Trinity Prod Corp
Glade Bayou
San Oi Co
John E. Randall
Lake Formosa
Wm. G. Helis’ Geo Raworth
Union Parish
Southwest Gas Prod Co
Sherwin-Williams Co
Cleveland
Ohio
Albert Ray Hale
S. 4Th St
Sherwin - Williams
Hale
N. 4Th St
W. E. Lynn
National Cash Register Co
C. G. Key
Key
NCR
New Service
Dayton
Fort Miro Drive
Fisk the
Jules Eberts
Fisk
Louisiana
Eberts Tire Company
Shell Station
Baker’s
Homestead
LBJ
By Darden Chambliss
AP Business News
Monroe Construction
COO. Boyd
6Th St
William C. Vines Jr
Calypso
Martha
Scouts In Action
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