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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 11, 1965
Page
11
A reader asks about World Bank bonds and receives a concise answer. The World Bank is formally named the International Bank for Reconstruction and Development, with guidance on investment relevance and tax considerations for charitable gifts.
Investment Trusts began operations in 1834 with principal office in Washington and branches in New York London and Paris. It lists 102 member governments with the United States and United Kingdom holding large shares and France West Germany smaller portions, financing development through loans and bonds. A separate note questions a mutual fund's stagnation since 1982, suggesting allocations to life insurance stacks may explain the lack of progress.
Fragmentary OCR text mentions a phonics lab and a figure named Andersen speaking about aiding slower pupils. The readable portion hints at a school or education topic but provides no clear event, date, or fully identifiable entities beyond a lab name and a person.
The Texas legal fight over a cigarette tax on stockpiles and riders unfolds as an attorney general opinion hints at July tax implementation. Distributors’ warehouses and wholesale stacks could face the levy once the new law takes effect, with Calvert certifying funds for HemisFair while deferring other appropriations.
Airman files for bankruptcy amid plans to stockpile cigarettes and other items at Lackland Air Force Base. Estimates of potential losses to state and federal revenue range from 1.5 to 10 million dollars as lawmakers and budget officers debate tax and stockpiling impacts while reviewing a $3.7 billion appropriation bill and related veto decisions.
A volatile trading session follows rumors about the President's health and broader economic fears. Dow Jones Industrial Average slides, with big losses in Du Pont and General Electric, while gains are thin among a scattered lineup of large stocks. The piece notes casual calls for cash reserves and warns that the DJ averages can mislead without accounting for index composition and shifting divisor changes.
New York stocks rose broadly with gains led by IBM up six points and General Motors higher after reports of an executive resignation. Automakers showed strength early, steel shares advanced, and trading activity stayed brisk as investors priced in the leadership change and the market rebounded from prior losses.
In Colombo, dock workers unloading a cargo vessel allegedly stole and swallowed several contraband items they believed were vitamins. Authorities later confirmed the pills were contraceptives shipped from the Netherlands, prompting an investigation into the incident.
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