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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Apr 19, 1968
Page
2
The Federal Reserve raises the discount rate to 5.5 percent for New York, Philadelphia and Minneapolis banks, signaling higher loan costs nationwide. Other rate moves include higher savings and CD costs, with banks able to offer up to 6.25 percent on large CDs to attract deposits.
Funeral services for Maynard A. Ryerson, longtime Pecos Valley resident of the Midway area, will be held at 10 am Saturday at Ballard Chapel. The Rev. James L. Wells and the Rev. Jerome Crowhurst will officiate with burial in Hager Man Cemetery, under Ballard Funeral Home direction. Casket bearers include Kenneth Ward, Bill Opfer, WF Watlie, William Woody, John August Nelson, Delbert Robertson and Dave Ward. Honorary bearers are Dr L D Barbour, Dr Lt Barbour, Dr MM Hitchcock, Fred Dilly, Kersey Funk, Ross Haven, John Haven, Redman Pate, August Nelson and John Kentz.
The White House urged action on a 10 percent income tax surcharge to curb inflation and boost the economy after the Fed raised the discount rate to 5.5 percent. Press secretary George Christian said the rate rise underscored the urgency of the President's tax plan and that without fiscal action lighter money was likely. Johnson had planned a Congress speech on urban problems but canceled it.
Chaves County Extension Service records soil temperatures for today in the Pecos Valley. North Roswell shows 88 degrees, L.F.D. 57, East Grand Plains unavailable, Dexter 56, Hagerman 55, Lake Arthur Cottonwood 55.
A Roswell school board meeting discussed shifting funds among Title II and library accounts to support space education facilities. Expenditures for 1965-66 to 1967-68 show steady per-student support. a planetarium specialist could expand earth and space history learning across grades. A follow-up public meeting is planned for Monday at 7:30 p.m. and the budget hearing moved to June 14.
The Chaves County Crop Improvement Assn held a dinner at the Lion's Club in East Grand Plains with about 42 attendees. Elected to the board were Russell Smith, H. H. Mills, Loyd Stone, Leroy Miles, and L. L. Whitney. Speakers included Bill Jackson on seed maturity and Robert Oyler on statewide seed production.
Gov. David Cargo confirmed Kenneth L. Towle as a highway commissioner with papers signed April 10 for a term to January 21 1971. Towle, a Hobbs Democrat businessman, was appointed by the commission last September, while Atty. Gen. Boston Witt ruled both Towle and Helm Bursum Jr. may serve to 1971. Cargo spoke of Towle’s integrity at an Oil Conservation Commission meeting in Hobbs.
Hospital visiting hours list general patients 2:30 to 8:30 p.m. maternity 3 to 5 p.m. and 6:30 to 8:30 p.m. Births recorded for April 18 to Mr. and Mrs. Bert Pena a son. Admissions and dismissals include multiple Artesia Roswell and local addresses with names such as Calvin Miller Katherine Bidaurii and Laura Lee Krantz.
Hanoi denounces secretary of state Rusk proposed sites as absurd and insulting. North Vietnam's Foreign Ministry spokesman says the ten locations fail to meet conditions, lack neutrality, and include U S embassies or base sites, accusing Washington of delaying peace contacts and calling the plan a peace swindle.
The AFL-CIO Communications workers reported their major strike met 90 percent of expectations as picket lines formed nationwide. AT&T said impact on service was slight with some cable cuts disrupting service in Oberlin Ohio and other areas.
Adam Clayton Powell warned of a genocidal threat from white racism at a Bimini Bahamas news conference. He announced a May 4 campaign for re election and said blacks and Puerto Ricans in Harlem would be warned of growing danger.
The Roswell middle schools host a Saturday vocal festival with solos ensembles and a clinic at Goddard High School. Miss Marjorie Griggs of El Paso is clinic clinician. adjudicators include James Ramsey Gene Medley David Muth and James McClellan. A massed chorus conducts the evening concert at Yucca Middle School at 7 30. Admission is 50 cents adults 25 cents students.
Shirley Underwood reported two .22 rifles stolen from a pickup parked in front of her home on Missouri Street at 9 p.m. Thursday with no value given. Later, Robert Caudle said a tape player and three tapes were taken from his car at Roswell High School between 8 a.m. and noon.
The Chaves County 4H Clubs will host a Dress Revue at the Woman's Club on Sunday at 3 00 p m. 4H girls will present a style show of dresses and garments they made as projects with the general public invited to view the results of their work.
At 8 39 p m one truck responded to trash burning under Hondo Bridge at Pennsylvania and Bland. At 10 24 p m two trucks addressed a shed fire backup on 809 N Union. At 11 33 a m one truck dispatched to a grass fire on E Pine Lodge Road about 1 1 2 miles east of Main. B R Jordan was burning grass around a culvert.
The stock market resumed a sharp decline after a Federal Reserve Board warning by Chairman William McChesney Martin. The Dow fell over 11 points by 2 p.m. amid a discount rate rise and fears of either uncontrollable recession or inflation if the budget and balance of payments are not corrected. Losses spread across major issues with Xerox, IBM, and Texaco among notable decliners. gold stocks led a rally while some heavyweights slipped.
The April 17 docket shows Gary Lee Williams faces two traffic fines for expired and no license totaling $20. Gus Everett’s left turn is dismissed. April 18 Gailey forfeits $10 bond for speeding. Mark Hernes has road traffic with $25 fine and $5 suspended. Harvey Wallace pays $25 for failure to yield. Police Court notes Floyd Romero fined $15 for drinking in public with 15 days suspended. DoD reports Army Spec. 4 Billie James, son of Mr and Mrs Woodrow James of Farmington, killed in Vietnam.
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