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Newspaper
Terre Haute Tribune
Location
Terre Haute, Indiana, United States of America
Date
Jun 18, 1962
Page
11
New York reports May industrial production at a record high despite weak steel output. Personal income and employment rose while joblessness fell, autos led gains but markets doubt momentum. Investors focus on timing and direction, weighing forecasts against volatile prices and mixed official signals.
United Press International reports stocks lower in quiet trading and bonds irregularly lower. U S government bonds generally down, Midwest stocks down, cotton futures down, grains in Chicago steady for wheat corn oats rye soybeans and lard. Hog prices up 25 to 50 cents with top at 19.00 while cattle rise to 28.50, sheep and dressed beef steady, dressed pork higher to 47.50.
Nine Explorer Scouts from Muncie Indiana with two leaders travel along the Outer Banks in five canoes. They paddled the Dismal Swamp canal after visiting Wright Brothers Memorial Kitty Hawk and Ft Raleigh. They head to Ocracoke Island and New Bern where celebrations await.
Wall Street experts warn the market is politically driven and may lag until economic advisers favor business. Reynolds & Co notes oil equities held up during a decline, while many issues show value. The Value Line Survey expects non ferrous mining to weaken next year with lower earnings. Thomson & McKinnon sees a follow the leader pattern and potential rally if institutions trigger it.
Purdue agriculturalists project Indiana peach yield down 70 percent this year due to January's extreme cold. Only southwest growers may see any appreciable harvest. State total expected 120000 bushels versus 400000 last year. Vincennes area seen at about one third normal output per labor report.
Chicago livestock bids show hogs 25 to 50 higher at 18.50 to 19.00 for 120 to 230 lb, cattle activity steady to up 25, steer loads 28.00 to 28.50 per 1250-1350 lb, calves mixed, sheep firm with lambs 22.00 to 25.00. Indianapolis hogs active 180-230 lb 18.65 to 18.99, 240-270 lb 17.25 to 18.00, cows 13.00 to 16.00, vealers weak. Evansville hogs 50-75 higher 180-240 lb 18.00 to 18.50, cattle mostly 50 higher 23.50 to 25.00, sheep sparse. Produce and grain markets report delayed pricing and directions for oats soybeans and butter.
New York markets show gains in some groups but overall decline as railroad and utility sectors dip. Major indices fall with trading at 1 PM noting fractions of a point shifts and daily averages reported as 573.75 for Industrials and 121.18 for Rails.
Washington June 18 Sen Russell B Long and fellow Democrats push a week long talkathon over an administration plan to create a government satellite corporation. House opponents say private firms would get control of government developed resources. Kennedy aides seek swift action on related bills before July 1.
M/Sgt. Louis Birch announced two local youths have enlisted in the Army for three years with the armor group in Europe. Billie D Samm 19 son of Elmer H Samm RR 4 and Donald W Norris 18 son of Donald Norris 1458 South Twenty first street enlisted under the buddy plan. Samm is a 1961 Riley High School graduate and Norris a 1962 Wiley High School graduate. They will be sent to Fort Knox for basic training.
Indiana Pharmaceutical Association opens a three day convention in French Lick with speakers Sen. Homer E. Capehart and State Rep. Maurice Goodnight of Lafayette among the participants.
Salable hogs totaled 400 with No 1 and No 2 grades at 190 to 220 pounds bringing 18.00 to 18.25 dollars. 220 to 260 pounds sold 17.50 to 18.00 dollars. 260 to 300 pounds 16.50 to 17.50. Sows near 300 pounds priced at 15.50 and down. Market 25 cents higher.
Three train mishaps unfolded at Bussolone station between Turin and Modane over 24 hours. A freight car burned, a coupling broke delaying a passenger train, and two engines backed up too fast causing minor injuries and luggage disarray for several passengers.
New York stocks traded near midday with leading steels and autos down fractions while oils slipped, Du Pont Eastman Kodak and Dow fell 1 to 2 percent. IBM trimmed a 16 point loss to four, while tobacco and drugs showed mixed moves as overall averages declined.
Before resuming the Hulburd murder trial in Vigo Circuit Court Sandra Pharris 18 of 1331 Spruce street appeared to hear her case continued until July 10 She and her former husband Glen Junior Pharris are accused of child neglect charged by Hilma Pharris of North Terre Haute
Sen. Vance Hartke was named keynote speaker and temporary chairman of the upcoming Democratic state nominating convention in Indianapolis. State Sen. Marshall Kizer of Plymouth to be permanent chairman and T. Perry Wesley of Spencer as secretary.
David Oliver Thiede, 42, of 222 South Second Street, arrested Sunday on possession of alcoholic beverages and sale of alcohol without a license, given a continuance to June 29 after appearing before City Court Judge Edward S. Everett. He posted a $500 bond after a raid by state excise police. Several other defendants faced alcohol and related charges with various bonds and court dates, including cases of intoxication, resisting arrest, theft, and traffic violations.
Alison Smith a 10 year old in Leicester writes a school magazine advising to change your boyfriend after noting his alleged rudeness. The item reflects a child editors perspective on relationships.
Emanuel Gorland of Terre Haute was elected president of the Indiana Urban Renewal Association at its annual meeting at Turkey Run State Park. About 100 officials from 19 Indiana communities attended the two day session with U S government officials present from Region IV in Chicago.
INDIANAPOLIS June 18 The 2nd District committee became the ninth to endorse Birch E. Bayh Jr. for the Democratic U. S. Senate nomination on the first ballot. Bayh secures further district support ahead of Friday’s state convention. Gov. Matthew E. Welsh sparked a wave of endorsements, with the 5th District backing M. Jack Edwards and the 11th expected to back Charles H. Boswell. State Democratic leaders named Hartke as temporary chairman and keynote speaker, Kizer as permanent chairman, and T. Perry Wesley as secretary.
Three county wide horse and pony meetings are scheduled at the Vigo County Fairgrounds to aid 4-Hers with their projects. In charge are George Rogers, Ray Lenderman and Eddie Lenderman. sessions run at 7 30 p m on June 21 July 5 and July 31. 4 H members should bring a horse or pony if possible, but attendance is urged even without an animal.
Maurice L. Mann of Tony Kashon Post 290 in Rosedale was chosen as Sixth District commander at a Greencastle district meeting. Mann, a five year district officer and Post 290 commander, also serves as second vice commander. Delegates to the national convention in Las Vegas next September include Mann Earle R. Prewitt and Archie Grimes.
The notice states ads can be cancelled by 10 A M for same day or 5 P M for next day. Cancellation requires a number from Tribune Star Want Advisors as proof. If no cancellation number is provided, no allowances for ads running over schedule are made. Cancellations before printing are charged at the regular daily rate.
The Tribune Star states advertisers must verify each insertion for accuracy. It limits liability to a single incorrect insertion and only for the portion rendered valueless by the error.
Caled meetings announced for Social Lodge No 86 and W T H Lodge No 687 both on Monday June 18 at 7 p m. Social Lodge invites visiting brethren for M M degree and FC degree work respectively. W M William A Lowe and W M Robert E Ray sign as officers with secretaries’ names.
Personal notice offers a $100 reward for information on the whereabouts of two adopted children Jeannie Mae and James William, believed with a Vigo County family. Letter from James E. Harrell P O Box 123 Terre Haute Ind asks for contact through Tribune Star box.
In loving memory of Mrs Helen Howes who passed away June 18. She is sadly missed by her FAMILY. Tribune Star want ads provide the notice of remembrance.
Readable text lists BAR-B-QUE ribs and channel catfish dinners at 1130 Spruce, with Ernestine and Bill Bartrett named among hosts or vendors.
Sealed proposals for alterations to the Administration Building at Indiana State College Terre Haute Indiana will be accepted until 10 00 A M Central Daylight Time July 6 1962 Bids must be on Form 96 with General Form 66 and accompany a bid bond of at least five percent The project includes general construction HVAC and electrical work with prevailing wage rates The architect Weber Curry Terre Haute will provide documents for a 15 deposit refundable if returned within five days after opening The State College Board reserves right to reject any bid and waive irregularities J Kenneth Moulton Vice President Treasurer
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