U.S. Plans to Borrow 314 Billion Dollars Next Week
Washington reports the Treasury will market 750 million dollars of 4 percent bonds, 21 years, at 99 face, yielding about 4.07 percent, plus 24 billion dollars of notes and weekly offerings of regular notes. Bills mature May 15, 1960, with total financing about 1.5 billion more than expected.
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Washington
Treasury
Ahnoiethe
Reece Lon
Federal Witu
Peecamienba Wat Fans Ie
De Gaulle forms 21 member cabinet in France
Debre appointed a 21 member cabinet including 17 ministers from De Gaulle's government as the Fifth Republic begins under De Gaulle. Major shifts include Pflimlin replaced by LeCourt and the Assembly granted power to form and remove cabinets with a parliamentary majority.
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Forever Premiere
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Catholic Popular Republican Movement
MRF
Cuban Plane Makes U S Extend Zone
The Atlantic Air Defense Identification Zone is expanded to cover all of Florida and nearby Gulf of Mexico areas after a Cuban bomber flew along the Florida coast toward Cape Canaveral. Pentagon cited enhanced defense capability and radar coverage gaps as reasons for immediate effect.
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Oil repressuring plans argued at Lang hearing
A Lang hearing on Wilmington Oil Field repressuring stalled over legal limits and proposed water flooding. Consultants and state officials debated plans, possible subsidence controls, and economic impacts on marginal producers as testimony highlighted technical and legal hurdles.
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Suab Iducers Assn
Lang
A. J. Diefenbach
Wilmington
Diefenbach
California
CIOPA
Diefen
Pach
Richfield Oil Corp
Philip J. Trady
H. Musser
Veterans Memorial
Audi
Delinquency Link Between TV, Water Floods Cited
Experts testify that television programs may influence juvenile delinquency as water floods are used to pressure viewers. The discussion includes pilots, networks, and calls for alternative, safer content while detailing a Greek ship accident near Crete with one death.
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Reed Wintergurn
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