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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Jul 09, 1960
Page
14
Fortune magazine economics staff predicts a rise in demand led by defense spending, with GNP at 503 billion and a 3.5 percent 1960 gain, then another 3 percent in 1961. Economy will grow steadily, inflation 2 percent yearly, unemployment near 5 percent, and savings around seven percent.
Baltimore AP report details a burglary at McDade Transfer Corp where a four by five foot safe secured in a fenced building was forced open with hydraulic jack crowbars and hammers. Thieves took over $1,200 in petty cash after roughly four hours of work.
Charleston AP reports Earl Hayes Mathews, 32, unemployed bus driver, arrested for stealing $290 from a State Motor Vehicles Department vault. Police traced the loot to his Marmet and South Charleston addresses after a ventilation entry. He claimed he acted alone and showed little remorse.
CLEVELAND AP Directors of the Chesapeake and Ohio Railway expressed strong satisfaction with progress toward air nation and potential merger with the Baltimore and Ohio Railroad after a Friday board meeting. No action changed the prior offer to sell to the New York Central. A Tuohy issued statement noted dividends on regular and preferred stock were declared. Regular 1 share dividend due Sept 20. 3% convertible preferred dividend due Nov 1.
The Maryland Court of Appeals upheld the death sentence for Nard B. Hall Jr. 22, an itinerant laborer, convicted of the July 16 murder of Anna B. Gaff 66, wife of an Essex tavern keeper, finding the brutal crime supported by the record. Hall from Keansburg N J arrested within 24 hours of the body discovery. Chief Judge Burne noted the facts did not warrant re opening the conviction.
Reports from Brazzaville and Leopoldville describe refugees arriving in Angola as Congo turmoil unfolds. Rapes, killings and terror are alleged as Congolese violence forces civilians to flee with few belongings. Witnesses claim widespread brutality and detentions amid the nine day old republic crisis.
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