Johnson seeks wage and price restraint as costs rise
President Johnson pushes business and labor toward self restraint to steady wage and price guidelines. He cites wage gains outpacing prices and calls for limits while noting possible government action. Inflation drivers include food costs and loan rates rise as GMAC Chase and First National City lift rates.
MENTIONED IN THIS ARTICLE
Jack Lesler
Business News
NEW York (Ap
Johnson
Owens-Illinois, Inc
General Motors Acceptance Corp
Census Bureau
United States
Commerce Department
Ford Motor Co
Chrysler
General Motors
American Motors
Grains End Week With Broad Losses Across Contracts
Grain futures finished lower with all contracts except September soybeans posting losses amid profit taking and stop loss selling. Wheat, rye, and corn fell several cents, while weather forecasts remained bearish for late plants and yields. September soybeans edged higher while other months eased.
MENTIONED IN THIS ARTICLE
Chicago
Corporate Bond Prices Slip Amid Mixed Week on Wall Street
Bond prices extended declines in a week with some government bonds showing brief gains. Corporate issues fell, with 36 of 38 traded down and yields rising for new issues. Municipal bonds traded at new postwar lows though losses moderated toward week’s end.
MENTIONED IN THIS ARTICLE
New York
Treasury
Salomon Brothers & Hutzler
Wall Street
Midweek Rally Fails as Stock Market Slumps Again
The New York market extended losses this week with the Dow dropping 24.06 points to 780.56 the lowest since January 1964. The Associated Press average slipped 8.9 to 280.1 as investors faced tight money, recession fears, inflation pressure, and potential devaluation fears amid airline strike resolution and wage disputes.
MENTIONED IN THIS ARTICLE
New York
Viet Nam
Dow
Associated Press
Auto Workers Union
Wall Street
New York Stock Exchange
Prices Edge Higher for Cattle as Hogs and Sheep Slump
Week of trade shows hogs down 1.50 to 1.75 for barrows and gilts and sow declines. Sheep fall 25 cents on spring lambs, while cattle rise with slaughter steers strong to 50 cents higher on high grade beef. Prime steers at 27.25 to 27.50 per hundredweight across weights. mixed grades list 23.75 to 25.00.
Goreville Gets Dial Phones
C. D. Woods of General Telephone Co announces a new dial switching center near completion in Goreville to be in service September 13 at 3 p.m. The upgrade doubles Goreville customers in six years and replaces party lines by October. Some numbers change and new directory lists them. Extended area service to Marion starts in 1967 with unlimited calls both ways.
MENTIONED IN THIS ARTICLE
C. D. Woods
General Telephone Co
Marion
Goreville
Woods
Orient 4 Wins Nugent Safety Award Dinner Honor
Freeman Coal Mining Corp Orient 4 mine near Johnston City earns a safety record better than national averages and will be honored today. Mine officials receive the Nugent Safety Award at a 7 p m dinner at the Holiday Inn near Benton.
MENTIONED IN THIS ARTICLE
Freeman Coal Mining Corp
Johnston City
Nugent
Holiday Inn
Benton
Stock Trading Totals Reported For Week And Year Ago
The report shows weekly and year ago figures for New York stocks and bonds, American stocks and bonds, and Midwest stocks. Values indicate trading activity with New York stocks 40,501,854 this week versus 27,053,640 a year earlier.
MENTIONED IN THIS ARTICLE
N.Y
Midwest
Over Counter Stocks Quoted by NASD
The National Association of Securities Dealers lists unofficial OTC quotations as approximate ranges between bid and asked prices. Notable entries include Albee Homes Me, Allyn Bacon, Bank of America, Country Set, Lac Stee, McGraw Hill, Scripps H Bd, and Viking Frot with fractional price figures observed.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Albee Homes
Allyn Bacon
Bank of Amer
McGraw Hill
Scripps H
Teacher shortage hits Illinois districts before school
Illinois educators report a widespread teacher shortage with 51 of 59 districts needing 326 more teachers to open the school year. Dr. Harold Gibson notes many vacancies may go unfilled, as Lexington’s superintendent calls it the worst in 36 years. Illinois State University ranks as a top state producer with 12 graduates still seeking jobs.
MENTIONED IN THIS ARTICLE
Illinois State University
Harold Gibson
Bureau of Appointments
Illinois
Gibson
Dallas Myers
Lexington
Illinois State
United States
Murphysboro Building Permits Fall Sharply in 1966
Building permits in Murphysboro for January through July show a steep drop from 1965 totals. The 1965 seven month figure was 1,152,460 compared with 374,010 this year, due largely to fewer housing permits while a 568,000 nursing home built in 1965 boosted the prior year.
MENTIONED IN THIS ARTICLE
Murphysboro
Zeigler Banker Completes Wisconsin Banking School
Byron H. Fuller vice president and cashier at the Bank of Zeigler finished two weeks of classes at the University of Wisconsin graduate school of banking. He earns a certificate after three years of study. The program is sponsored by the Central States Conference of Bankers Association.
MENTIONED IN THIS ARTICLE
Zeigler
Byron H. Fuller
Bank of Zeigler
Graduate School of Banking
University of Wisconsin
Fuller
Central States Conference of Bankers Association
Carbondale Driver Fined for Night Driving Violation
George H. Jessop of Carbondale was fined $15 after being cited for driving at night without a headlight or taillight enabled, violating safety regulations.
MENTIONED IN THIS ARTICLE
Carbondale
George H. Jessop
Jackson County's Largest Bank Debuts Mail Remodeling Loans
Jackson County's largest bank announces remodeling loan options for business clients with a sizable $16,000,000 loan pool. The program targets commercial borrowers seeking improved cash flow and facility upgrades.
MENTIONED IN THIS ARTICLE
Jackson County
Also Mentioned on This Page
Tuer
Thors
Jowes
DOW Jones
Industrials
Thor
Chicago Livestock
Orient 4
U. S. Securities
Treasury Bonds
U.S
I.m.simon & Co
Charles J. Lerner
John L. Uffelman
West Main Street
Charles Dohanich
Curtis F. Downen
Carbondale, Illinois
Member
Federal Deposit Insurance Corporation
Herrin, Illinois
IBM
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