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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 24, 1964
Page
8
Frederick newspaper note dated August 24 1964 lists local happenings for Pace 8 edition including brief community items and notices from the city and region.
New York AP reports July saw a 2 percent rise in durable goods retail sales as autos boosted overall spending while bank deposits at 507 mutual savings banks hit a July record of 46.5 billion dollars. Deposits rose 275 million, surpassing prior July highs set in 1962 and 1963, with five consecutive months of rising deposits noted by the National Association of Mutual Savings Banks.
Months after the federal income tax cut took effect bankers report people are saving up to half of the tax cut. Personal income from wages salaries interest rent collections and tax breaks continues to rise steadily.
The Commerce Department estimates May retail sales at 21.8 billion, June at 21.7 billion, with July projected at 21.9 billion if met. Durable goods remain volatile while nondurables steady. August is expected to show better employment and income, aided by July’s steadier orders, with unions and auto labor talks shaping the market. Merchants count on back to school promotions as prices trend upward.
Search parties were to resume for Andrew Gummer, 55, missing after his cabin cruiser capsized in Chesapeake Bay, with his wife, 50, reported involved in the mishap. The incident follows other weather related reports noting rises in incomes, especially among factory workers.
Helen drowned in the accident. His son Robert, 28, was rescued. Searchers scoured the area all day Sunday for the missing man.
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