Controversy over Johnson surcharge heats up again in Congress
The week saw renewed clashes over President Johnson's proposed 10 percent surcharge on corporate and individual income taxes. House Appropriations Committee and administration agreed on spending cuts while Johnson pressed for action. Treasury issued high rates on new securities as indicators show continued economic surge and gains in corporate profits. A nationwide telephone workers strike settlement was tentatively agreed, boosting wages by 19.58 percent over three years.
MENTIONED IN THIS ARTICLE
Jack Lefler
New York
Johnson
Congress
House Appropriations Committee
Frank T. Bow
Ohio
Appropriations Committee
Wilbur Mills
House
Ways and Means
Treasury
Commerce Department
Ford Motor Co
U.S. Steel Corp
Boeing Co
Stock market advances aided by peace hopes and tax talks
The stock market posted its sixth weekly advance as peace talks with North Vietnam and tax discussions influenced investors. The Dow rose 13.18 for the week to 919.21, the AP 60-stock average hit 329.8, and NYSE volume topped 17.99 million on Friday. Forty-three percent of issues rose with 438 new 1968 highs and 64 new lows.
MENTIONED IN THIS ARTICLE
Jack Lefler
New York
United States
North Vietnam
Paris
Asia
Vietnam
Johnson Administration
House Appropriations Committee
Johnson
Congress
Dow Jones
New York Stock Exchange
Dow Industrial
Associated Press
Coleman Bar-B-Q opens in Carbondale with old style recipe
Coleman Bar-B-Q at 1202 W Main St Carbondale introduces an old type barbecue method using hickory smoked shoulders for about 16 hours per batch. Manager Bill Lendner says service is semi high speed and currently only offers sandwiches with cole slaw and barbecue beans, with ribs planned later. The Memphis based chain says this Carbondale location is the only Illinois outlet and hours run 8 am to 10 pm Sunday to Thursday and 8 am to midnight Friday and Saturday.
MENTIONED IN THIS ARTICLE
Main St
Carbondale
Bill Lendner
Lendner
Illinois
Bond prices mixed as market holds steady amid tax talks
Bond prices were mixed and price trends small as markets held with little reaction to the administration's tax boost proposal. Treasuries offered a 6 percent May refunding totaling $11 billion while short issues rose and longer issues held. new state and local tax exempt bonds saw strong reception.
MENTIONED IN THIS ARTICLE
New York
United States
Daily Trade
Texas
Vermont
Indiana & Michigan Electric Co
Fort Wayne
Ind
Columbia Gas System Inc
State banks show vast resources and deposits across Illinois
The Office of the Comptroller of Banks and Trust Companies reports that 650 Illinois banks in operation as of March 25 hold total resources of 10,572,882,186.35 and deposits of 9,324,816,160.86. Chicago’s 43 banks hold 5,287,354,058.60 in resources and 4,516,719,888.96 in deposits. The remaining 607 banks show 5,285,528,127.75 resources and 4,808,096,271.90 deposits.
MENTIONED IN THIS ARTICLE
Office of the Commissioner of Banks and Trust Companies
Illinois
Chicago
Livestock Prices at Chicago Stockyards and Air Board Ruling
Week's Chicago stockyards summary shows hogs and cattle ranges with dozens of weight brackets and prices for slaughter cattle sows boars and sheep. Springfield reports Illinois Attorney General William G. Clark says the Air Pollution Control Board lacks power to ban backyard trash burning or curb auto use in emergencies.
MENTIONED IN THIS ARTICLE
Chicago
AIR Pollution Board
Springfield
William G. Clark
Illinois Air Pollution Control Board
Secretary of State
Clark
Franklin D. Yoder
Department of Public Health
Corn Up Beans Down Amid Mixed Grain Markets
Chicago week sees corn futures rise while other grains and soybeans mostly fall. Prices edged up late week on tighter marketings and a recovering cash basis, aided by war news and profit taking. Country Mutual Insurance reports 1967 claims near 34 million, mainly from tornadoes and crop hail across Illinois.
MENTIONED IN THIS ARTICLE
Ed de Moch
Associated Press
Chicago
Chicago Board of Trade
Country Mutual Insurance Company
William J. Kuhfuss
Peoria
Country Mutual
Country Life
Country Casualty
Mid-America Fire and Marine Insurance Companies
Country Capital Investment Fund, Inc
Country Companies Group
Country Companies
Bloomington
Illinois Agricultural Association
Illinois
Over the Counter Quotations Compiled by The Southern Illinoisan
The Southern Illinoisan presents unofficial over the counter quotations showing approximate bid and ask ranges for traded securities. Numbers reflect a broad range and are not official prices.
MENTIONED IN THIS ARTICLE
Southern Illinoisan
Weekly Stock and Bond Totals This Week and A Year Ago
The report lists New York stocks and bonds totaling 73,071,821 and 88 530,000 respectively this week, compared with 54,714,380 and 81,978,000 a year ago. American stocks reach 40,882,890 with bonds at 27,923,000, while Midwest stocks total 3,590,000 versus 1,845,000.
MENTIONED IN THIS ARTICLE
N.Y
Midwest
New York
Ee and Poor’s
Two Illinois permits filed for railroad bridge and gas main projects
Public Works Director Francis S. Lorenz reports two construction permit applications to the Illinois Division of Waterways. Gulf, Mobile and Ohio Railroad seeks a permit to replace a railroad bridge over an unnamed stream near Baldwin. Central Illinois Public Service Co. seeks a permit to install a gas main under and across Big Grand Pierre and Lusk creeks in Pope County and Bay Creek in Johnson County.
MENTIONED IN THIS ARTICLE
Southern Illinois
Illinois Division of Waterways
Francis S. Lorenz
Gulf, Mobile and Ohio Railroad
Baldwin Lorenz
Central Illinois Public Service Co
Pope
Johnson
Big Grand Pierre and Lusk
Bay Creek
Also Mentioned on This Page
Coleman
Tves
Industrieis
Thues
Jasond J Fmam
Isoo
Clos
George Taylor
AV Electronics
Arkansas Valley
Empire Petroleum Heath Tecna
Possis
Publisher Co
Pubco Petroleum
Rucker
Scientific
Scholz
Tri-State
Ten Americom Santere
Syntex
Brazil
Assd Oil&g
Corinth UN
Wilshire
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
Federal Deposit Insurance Corporation
DE Soto
DE Soto, Ill
MICHAELS /steRN
Eek
Chrysler
Benguet
Sunasco
Brunswk
Atlas
Finan
Litton Ind
Caribbe
Paper
Welbilt Corp
Salemen
Midwest Bank
Zeigler
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