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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Dec 08, 1968

Page

29

Tax cuts eyed as budget talks shape 1970 plan

President-elect Nixon and Rep. Mills hint at easing or ending the 10 percent income tax surcharge next year, contingent on federal budget decisions. Budget director Zwick says last year’s estimate may grow. Johnson urges full use of economic policy tools to ensure employment amid policy shifts.

Phil Thomas New York Nixon Vietnam Johnson Charles Zwick Capital Hill Prudential Insurance Co

Bond yields in New York reach record highs in week

Yields on new corporate issues rose beyond late May highs while many issuances were postponed awaiting better market conditions. Municipal and government bonds declined then recovered, with several major offerings delayed or withdrawn amid high rates at Salomon Brothers & Hutler.

New York Salomon Brothers & Hutler Treasury General Motors Acceptance Corp Florida Development Co DeKalb County Atlanta Philadelphia Columbus Ohio Tampa Electric Co San Diego Gas & Electric Co

Krisby Shelter Care Home Owner Attends Illinois Meet

J. M. Krisby owner of the Krisby Shelter Care Home in Sparta attended the Illinois Shelter Care Home Association annual meeting in Springfield. Speakers included Dr. Robert Guthrie of Morgan County and Fred Stelling of Jacksville State Hospital. The home has been licensed since 1963 and serves 22 patients.

J. M. Krisby Krisby Sparta Illinois Shelter Care Home Association Springfield Robert Guthrie Morgan County Inter-Agency Council MacMurray College Fred Stelling Jack ~Sville State Hospitl Illinois Department of Public Health Department of Mental Health Veterans’ Administration Kinsby

Stocks edge higher on steel gains amid thin volume

The market posted a slight advance as steel shares rose and blue chips recovered. Volume totaled 15.32 million, with the Dow up 0.55 at 978.24. Texas Gulf Sulphur led activity, climbing to 38% on 309,700 shares amid court ruling reactions and speculation.

U. S. Steel Republic Jones & Laughlin Bethlehem Dow Jones Texas Gulf Ontario

Commodity prices for Dec 2 to Dec 6

Market notes show grain quotes with Wheat No 2 hard yellow and No 2 soft red, Corn No 2 yellow at 1.142, Soybeans No 1 yellow, and Oats No 2 extra dry white 692 in the listed period.

Livestock Trading Down Week On Du Quoin Market

Du Quoin weekly livestock market reported heavy trading with prices averaging 25 cents lower than the prior week. Top closings reached 18.25 on hogs and 15.25 on sows.

du Quoin

Grain futures record loss on Chicago Board of Trade

Losses in grain futures prices over the past week on the Chicago Board of Trade ranged up to nearly 3 cents a bushel. The market was active and mixed with broad participation, led by corn as the biggest decline amid speculative liquidations and light hedge selling.

Chicago Chicago Board of Trade New York

Wall Street Holds Optimism After Market Consolidation

The Dow Jones average rose 36.67 points over four weeks but fell 6.84 to 978.24 this week in a technical correction. Higher rates pushed banks to raise prime from 6% to 6.4% amid steady trading and strong volume, with bonds dropping as stocks paused.

New York

Domestic gloves urged as cost saver by Murphysboro firm

Ward Sutton of Jomac North in Murphysboro says higher priced US made terry gloves offer better workmanship and durability than imported pairs. The plant produces 4500 to 5000 dozen gloves weekly with about 90 workers.

United States Ward Sutton Jomac North, Inc Murphysboro Sutton Work Jersey Jamac North, Inc

Coal spokesmen tout bright future after coal to gas shift

Neal P. Cochran of the Interior Department foresees benefits for rural areas from coal conversion to pipeline quality gas. James R. Garvey of Bituminous Coal Research proclaims coal reserves can sustain gas supplies for centuries and boost gas and oil market shares amid renewed reliance on converted coal.

American Gas Association 4GA Neal P. Cochran AGA Office of Coal Research Utilization Division Interior Department Cochran Ccal James R. Garvey Bituminous Coal Research, Inc Garvey

Also Mentioned on This Page

Commerce Department Billio First National City Bank of New York U.S Johns Manville Corp U.S. Plywood Champion Papers, Inc Robert Haworth Southern Illinoisan AV Electronics Arkansas Valley Big Horn Powder River CNA Financial Ptd Empire Petroleum Fund of Letters Hawthorne Financial Heath Tecna Metropolitan Development Opticks Petrodyne Publisher Co Sun Airlines Swediow Mam Han Thurs Jfmams Jsasonodo Associated Press du Quoin Livestock Wall Street Ed Morse New York Stock Exchange Coal Coriwth UN Ling TV Assd Oil&g Westates P Gulf Cinerama Carbondale Eres P.M Illinois Savings and Loan Association Bank OF Evansville Vergennes State Bank First National Bank OF F.D.I.C I. M. Simon & Co Charles J. Lerner John L. Uffelman Charles Dohanich Curtis F. Downen West Main Street Carbondale, Illinois Rockingham Donzini Michael/Stern Kohlsdorf Southern Illinois Sale OF Men’s C.P.O Reg Longs Kon Searrs Zeigler Illinois Bankmark Midwest Bank
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