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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Dec 13, 1965
Page
2
AP Business News Analyst reports investors focus on the upcoming federal budget as Fed rate increases loom. The interaction between higher interest costs and the budget creates uncertainty about the economy and financial markets.
Traders await next month’s budget unveiling to see how federal spending will be divided between Viet Nam war needs and Great Society programs. The decision could shift stock prices and influence overall economic trends, with broad implications for many corporations.
The text discusses rising government spending next year and potential civilian program cuts due to higher military costs in Southeast Asia. It notes Wall Street’s reaction to the Fed’s rate rise, the Fed's split stance, and possible political shifts if Johnson appoints a new board member, shaping monetary policy and the budget.
Pamela Jacobson 21 of New Brunswick New Jersey drove her sister’s sports car into a trolley tunnel in Philadelphia after following a bus she mistook for a route. She hid in a street until police were alerted by another motorist who reported the car’s entry.
The Philadelphia Transportation Co was notified after a trolley entered a tunnel and hooked onto the rear of an automobile, then backed out with a maintenance man driving the tower car. The car suffered only light damage and Pamela faced reckless driving charges.
Sgt. Edward R. Simms Sr. of Mount Airy and son of Mr. and Mrs. John W. Simms completed the U S Air Force radio radar repairmen training course at Keesler AFB Mississippi He is a 4 year graduate of Robert Mooton High School Westminster and is reassigned to one of more than 250 installations worldwide where Air Force combat and support units are based.
Mt Carmel Methodist Church hosts a Christmas Candlelight Service featuring a 30 voice Cantata Choir from New Market Methodist Charge. Soloists Miss Grace Eiker and Kenneth McGolerie perform with Rev. Robert C. Warrn as narrator and Mrs. Louise Bennett as guest organist. Choir directed by Mrs. Thomas E. Smith. Public invited.
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