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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 20, 1960
Page
12
New York report notes appliance makers trim output and cut prices as inventories stay high and home building slows. Despite consumer spending rising, firms hope fall sales and broader credit relief will boost orders and factory schedules. Sales gains depend on sweltering weather, auto demand, and shifting consumer budgets.
The Supreme Court ruled five to four against former deportees receiving old-age Social Security. Justice Harlan wrote the majority opinion. The decision overturned Judge Edward A. Tamm's 1959 ruling on the validity of the denied benefits.
Zale Jewelry Co. received Antwerp city’s gold medallion from Mayor Craeybeckx and Secretary Peeters, honoring its contributions to diamond retailing and Antwerp’s diamond industry. It marks the second major international honor for Zales in under a year, following a Diamonds International award for design.
Leslie Gould surveys Japan's postwar rebound from ruined cities to a high living standard with 93 million people on reduced land. He notes strong industry, self sufficiency in rice, rising urban Bildung, and continued reliance on American aid and trade tensions abroad.
Stocks opened unevenly with steels and motors retreating while airlines rose on a fare boost that could add about 24 million dollars in annual revenue. NAFI fell after a glow from its Chriscraft division but doubt spread about boat builders. IBM slipped as rivals target its lead in computers.
The Bethlehem Steel shipyard strike, lasting 21 weeks and shutting eight yards, appears settled after a federal mediation session in Washington. The agreement, pending union vote, may include a 25 cent per hour raise over three years. strikers may return to work as lines remain until contract final approval.
Unofficial bid and asked prices compiled in Texas by the National Association of Securities Dealers. They serve as a guide to approximate ranges within which securities could have been sold or bought at the time of compilation. Source details available on request.
Grand jurors did not consider the second and third counts of the murder indictment against Frank Davis a 51-year-old rancher from Ter rel Hills. The action was testified by a grand jury member in San Antonio. The first count accuses Davis of striking with his fist or kicking.
An indictment vote failed to meet the required quorum as too few grand jurors were present. Only nine jurors attended, undermining the validity of the indictment. Powers was the second witness, following S. J. Dyess, a grand jury member who voted on the indictment.
Washington UPI reports Sen Keating of New York defines an isolationist as a person who says most troubles come from America being discovered by a foreigner Coreigner. The remark critiques foreign origins view in a political debate setting.
Market report shows calves at 17.50 to 22.28 for various weights with odd head higher. Sheep and lambs show spring and shorn prices with feeders weak to steady and slaughter ewes around 4.50 to 6.50. Hog prices range 16 to 18.75 for Nos. 1 to 3 grades with weights from 165 to 380 pounds and 270 to 355 pounds at 12 to 14.
Federal State Market News reports receipts up about 30 percent from last Monday and 25 percent above last year. Slaughter steers and heifers move slowly with cows steady to lower, stockers and feeders mixed. Prices show declines in higher grades while calves and lambs stay active. hog prices steady with small lots noted. Goats and slaughter kids also described with varied quotes. Vac-Pac service ad ends the market note.
Dan Sullivan IV of the Sullivan Cattle Co and San Antonio leader sues in federal court seeking a $2954 income tax refund for 1953 alleging illegal overassessment by the collector of internal revenue. He argues a $3939 deduction of estate tax related interest was disallowed and claims overpayments from May 1957 deficiency payments. Sullivan also heads the San Antonio Missions Baseball Club and operates the Mariposa ranch in south Texas.
A San Antonio Social Security column explains disability proof and filing steps. It covers obtaining medical information from a doctor, submitting proofs such as age, and the office providing blank medical forms for the patient. It also advises on ensuring checks during travel and widow benefits details.
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