US debate tax cuts vs higher rates to curb gold flow
New York June 25 Untied States finance and economic experts weigh tax cut plans to spur consumption and investment against higher interest rates to curb gold outflows. Global bodies from Basle and OECD urge higher U S rates to keep dollars at home and limit gold sales, while foreign aid and tourism fuel dollar surplus. The clash highlights conflicting paths to domestic growth and currency stability.
MENTIONED IN THIS ARTICLE
New York
Sam
United States
U. S
Uncle Sam
Bank For International Settlements
Basle
Switzerland
Paris
Organization For Economic Cooperation and Development
Markets at a Glance Stocks and commodities slip in quiet session
United Press International reports a broad downturn across markets with U S stocks and Midwest shares down in active trading. Bonds and cotton futures show irregular patterns while grains in Chicago move unevenly. Hog prices rise modestly, cattle and veal dip, and beef and pork prices stay largely steady with top quotes noted.
MENTIONED IN THIS ARTICLE
United Press International
U. S
Midwest
Chicago
US Faces Choice on Investment Money Policy
The text weighs whether inflows of foreign money would help or hinder the economy. It notes either effect could impact recession prevention and job creation. It argues that the United States must weigh advice from friends and decide which goal to prioritize.
MENTIONED IN THIS ARTICLE
Sam
Wall St. Charter: Market Overvaluation May Persist
New York June 25 The Value Line Investment Survey finds the stock market still overvalued though correction underway. Blue chips and institutional favorites remain rich. the Dow may rally or slip toward around 460 as reports warn portfolios are distorted with many growth issues. Utilities are strong. a technical rally is possible after a 160 point decline since mid March.
MENTIONED IN THIS ARTICLE
New York
UPI
Executive Dies in Richmond At 52
William P. Salzarulo president of Magaw Asphalt Inc died Sunday in Reid Memorial Hospital Richmond He was 52 and the brother of Frank Salzarulo farm editor of the Indianapolis News son of the late Louis Salzarulo longtime city councilman Here.
MENTIONED IN THIS ARTICLE
Richmond
Ind
William P. Salzarulo
Magaw Asphalt, Inc
Reid Memorial Hospital
Frank Salzarulo
Indianapolis News
Louis Salzarulo
Local Markets Livestock Hogs Sold Steady
Salable hogs totaled 450 with bulk No 1 and No 2 grade hogs. 100 to 220 pounds priced at 18.50 to 18.75 dollars, 220 to 260 pounds at 18.00 to 18.50, 260 to 300 pounds at 17.00 to 18.00. Sows around 300 pounds at 16.00 and down. Market steady.
Moderate Stock Losses Seen At Midday Trading
Stocks showed moderate losses near noon as heavy trading continued. Blue chip names like Du Pont Owens-Illinois Union Carbide Texaco Procter & Gamble and General Foods fell. Industrials oils and chemicals moved varied while electronics were erratic with IBM down over 2 percent. Noon Dow stood around 525 with declines across all major averages.
MENTIONED IN THIS ARTICLE
New York
du Pont
Owens-Illinois
Union Carbide
Texaco
Procter & Gamble
General Foods
IBM
Litton and
Beckman
Sterlin, Plough and Smith
Kline & French
Aldens
Edison Bros
Walgreen
Heinz
Corn
North American
Grumman
Liggett & Myers and
Lorillard
American Cancer Society
Revion
Englehard Industries
Rohm & Haas
Bc-Paramount
Alside
ACF
FMC Corp
Borg- Wagner
Kimberly Clark
Cessna
Chicago Livestock Market Report June 25
Hogs 7500 active in Chicago with No 1-2 190-230 lb hogs at 19.00-19.25 and heavier 17.25-18.50. Cattle 15500 with prime steers 1,235-1,325 lb at 27.75-28.00 and vealers 20.00-25.00. Sheep 1000 slowly traded. spring lambs 22.50-24.00. Indiana hogs 6100 steady to weak. cattle slow but steady in parts. Evansville hogs 3000 active. cattle steady. Chicago produce mixed. eggs and dairy unchanged to unsettled.
MENTIONED IN THIS ARTICLE
Chicago
U. S
Indianapolis
USDA
Evansville Ind
USDAI
Abbott Lab
ABC
ACF Indust
Acme
Air Reduct
Alleg. Ltd
S. Allied Chem
Allied Str Alum. Ltd
Alum. Co
Am Allis Chal
Ail Am
Brde
Can Co Am
Cyan
Amer
Gas Amer
Mach. & F Am
Met
Clim
Motors Am
Photo Am
Rad
S. Am
Smelt Am
Tel
Th. Am
Sugar Am
Teb. Co
Viscose
Anaconda Arch Dan.m. Arpico
Armour 'S
Ashland Oil
Atchison T. At
Avco Mfg
Bald, Lima
H Beatrice Fd
Bell Aire
Bendix Avia
Bell & H. L. Bendix Avia
Beth
St. Boeing Air
Borden Borg-Warn
Bruns. Balk. Budd Co
Bulova Burl
Ind. Burroughs C. Bucyrus ‘Camp
Ad Lk
Can
Pacific Case J. I
Cater
Trac
Celanese
Celotex Cen
P. S. Cer
de Pas
Cert
Teed
Cessna
Ches. & Ohio ‘Chi
Chrysler Cft
Finan
Clark Ea
Visi
Craneream
Crow-our
Cruec. Steel
Curtiss
Acata Cutler-Ham
Deere
Det
Edison
Detroit Str
Act Diamond Alk
Douglas Aire
Dow Chem
DuPont
el Paso Gas
Biee
A-L
Fairchild
Marshall Field
Firestone
Goodyear
Grace W
Granite City Steel
Atl. & Pac
Greyhound
Gulf Oil
Danna
Harris-Inter
Homestake
Howe Sound
Hussman
Sim. Cent. R. R
Tnland
Inspiration
Bus. Mi
Dept
Johns-Manville
Jones-Laugh
Kaiser Alum
Kansas City
Kern Co. Land
Korvette
Kresge S. S
Kroger
Lehigh Coal
Laclede Gas
Libby-Owens-Ford
Libby McNeil
Ligg
Myers Tob
Link
Loew’s
Lockheed
Lone Star Cem
Lorillard
Louis. & Nash
McGraw
McIntyre P. Mas
Melville Shoe
Merck
Mer. Chap
Scott
Minn
Honey
MacDonnell
Miss. River F. A Monsanto En Mack
Magnavox
Martin Co
Marine Mas
May Dept. St
Mont. Ward
Northrup Air
Ohio Bison
Pittston Ie
Plough, Inc
Polaroid Praskl
Proc. & Gam
Pullman 'Ss
Radio Corp
Rayonier
Raytheon Nou
Reliance
Repub. Avia
Repub. Steel
Revion
Nae Exall
Reynolds Met
Reynolds Tob
Richfield
Rohr Aire Svene
Royal Dutch
Sears Roe
Sharon Sd
Shell Oil
Simmons i
Sinclair Oil Sie Oe
Singer
Socony Mob
So. Calif. Ed
Southern Co
Ind. Gas
Natl
Pacific i
Southern Ray
Spencer Phc
Sperry Rand
Brands Ce
Kols
Oil
Calif
Oil Ind
OU N. J. O
O. i Oil
Stanley Warr
Tungsol
Twen. Cen. Fox
Union Bag
Union
Union Oil Cal
Union Pacific
Eng. & F
Gas Co
Merch
U. S. Gypsum
S. Pipe & F
S. Steel
Univ. Oil
Upjohn Co
Walgreen
Warner Bros
West. Union
Westing. Air B
Westing. Elec
Wheling
Wilson
Woolworth F. W
Yale & Tn
Youngs
Zenith Radio
N. Y
New York Markets Show Wide Stock Movements Across Industries
A sweeping list of tickers from Abbott Lab to Zenith Radio reflects broad market activity on New York exchanges. Daily averages show industrials leading with notable shifts in rail, utilities, and consumer goods shares amid volume in metals, chemicals, and automotive firms.
Two Held for Robbery Spree Ask Jury Trial
In Vigo Circuit Court a Monday trial was canceled to allow a jury trial for Frankie Joe Matherly and James Richard Church. The pair, charged with a month long burglary spree starting Jan 1, face a Sept 9 trial after bond differences and jail status.
MENTIONED IN THIS ARTICLE
Vigo
Edward L. Hamilton
Frankie Joe Matherly
West
Terre Haute
James Richard Church
North Fifth Street
Ronald Arney
Elm Street
Justice of the Peace
Lee Easton
Matherly
Church
Jordan Lewis
John Kesler
Warren Everett
Saxophone Debuts in French Orchestra in 1844
The instrument first entered formal orchestral use in France during 1844, marking the saxophone's emergence in classical music ensembles under early French adoption.
MENTIONED IN THIS ARTICLE
France
Narrow escape as mower stone blasts through cottage window
In Rochester Indiana on Saturday Frank Filbey investigated a reported explosion at the Nyona Lake cottage. A power mower fired a stone that pierced a kitchen window narrowly missing Mrs. Filbey by eight inches, then exited through a living room window and lodged in an awn.
MENTIONED IN THIS ARTICLE
Rochester
Ind
Frank Filbey
Nyona Lake
Riddles Attend Chiefs Meeting Evansville Event
Police Chief and Mrs. Frank Riddle attend the fortieth annual Indiana Association of Chiefs of Police convention at the Van Orman McCurdy Hotel in Evansville. The four day rally opened Sunday and will end Wednesday with officer elections. Riddle is a past president of the association.
MENTIONED IN THIS ARTICLE
Frank Riddle
Indiana Association of Chiefs of Police
van Orman-McCurdy
Evansville
Riddle
Taverns Entered In Weekend Break-ins Reported
Sheriff's deputies investigate multiple tavern burglaries reported Monday morning. The Jack Doherty tavern in Spelterville was entered with money taken from an amusement machine broken open. In Dresser, Brown's tavern was entered through a west window and a woman's watch, two cartons of beer, and several pints of wine were stolen.
MENTIONED IN THIS ARTICLE
Sheriff's Deputies
Jack Doherty
Spelterville
Brown's
Dresser
Man Fined and Jailed After River Boat Incident
Glenn Hoppingarner 43 of West Terre Haute received five days in jail and a $40 fine after a Vigo City Court finding of malicious trespass. He allegedly damaged and rammed Larry Green's flat bottom boat on the Wabash River. Several other defendants faced fines, bonds, or pleas on varied charges, including possession and sale of alcohol, speeding, and traffic violations.
MENTIONED IN THIS ARTICLE
Glenn Hoppingarner
West Terre Haute
Edward S. Everett
Verl G. Miller
Hoopingarner
Larry Green
North Sixth Street
Vigo
Green
Wabash River
Roscoe Guy
North Third Street
Guy
John C. Cooper
North Eighth Street
Earl L. Rose
South Eighth Street
Richard L. Melon
South Fourth Street
Samuel L. Stephens
College Avenue
Larry D. Mercer
Woodley Avenue
Stephen Lee Taylor
John W. Moser
Wabash Avenue
Jean Anne Martin
South Twelfth Street
Kenneth A. Cox
William Hicks Jr
North Center Street
Anne M. Lewis
Paul S. Miller
Raymond H. Snedeker
Lafayette Avenas
Eddie Johnson
Crawford Street
Herbert Dean Phipps
South Seventh Street
Ex-Marine 18 Admits Killing Two Morris Plains Teens
James Vance Jr, 18, a former Marine, confessed to bludgeoning Noreen Buckley 17 and Margaret Ann Kennedy 15 in Morris Plains New Jersey. He said a girl called him a liar triggered the killings after a ride from Morristown to Lovers Lane. He was arraigned in Morris Township Municipal Court.
MENTIONED IN THIS ARTICLE
Morris Plains
N. J
Upi
James Vance Jr
Noreen Buckley
Margaret Ann Kennedy
Margaret Ann
Vance
Morristown
Noreen
Morris Township
Frank CC. Scerbo
Morris County
Break-ins Probed at Terre Haute Firms and Girl Scout Site
Police investigate two burglaries in Terre Haute. At Terre Haute Boiler Works Co. 1140 Crawford Street tools valued at 90 dollars were stolen and a soft drink machine pried open. At Girl Scout Little House 530 North Center Street $24 was taken from an office. Officers Shaffer Thomson and Kuykendall lead the probes.
MENTIONED IN THIS ARTICLE
Terre Haute BoilersWorks Co
Crawford Street
Robert Shaffer
Alex Thomson
Girl Scout Little House
North Center Street
William Kuykendall
Robert Kable
Alleged Shotgun Wielder Released After Investigation
Floyd Roberts aged 50 of 514 South Thirteenth and One-half street was released Monday after detectives investigated neighbors complaints that he threatened people with a shotgun. Arrested Sunday for intoxication he was jailed pending probe as officers found him arguing inside a home at 518 South Thirteenth and one-half street and a loaded single barrel 12 gauge shotgun was found outside.
MENTIONED IN THIS ARTICLE
Floyd Roberts
South Thirteenth
Roberts
Hammond official facing dropped tax evasion charges
The Justice Department drops income tax evasion charges against former Hammond city councilman Adolf Swiontek amid a wider Lake County political case. A jury had acquitted George H. Wolf in a related action, leaving prosecutors undecided on retrying Elmer Rose and Nicholas Gasparovic. Swiontek’s trial was set to begin today.
MENTIONED IN THIS ARTICLE
Hammond
Ind
Justice Department
Lake County
Adoph Swiontek
George H. Wolf
Elmer Rose
Nicholas Gasparovic
Swiontek
Invitation to Bid Alterations at Indiana State College
Sealed proposals for general construction heating ventilation and air conditioning and electrical work at the Administration Building Terre Haute Indiana are due by 10 00 A M CDT July 6 1962. Bid forms must be accompanied by a 5 percent bid bond and a $15 deposit for document return. The Indiana State College Board reserves the right to reject any bid and waive irregularities.
MENTIONED IN THIS ARTICLE
Indiana State College
Terre Haute
Indiana
State Board of Accounts of
General Assembly of
Weber & Curry
Wabash Avenue
Physical Plant Department
Indiana State College Board
State Colege Board
J. Kenneth Moulton
Local Service Classified Excerpts and Ads
A collection of small ads and notices including beauty shops hairdos and services at Miller's Beauty Shop and Garfield Beauty Salon, laundry and dry cleaning offers with pickup, sewing alterations, tutoring and child care notices offering in home care and tutoring for grades 1 through 6, work schedules and hours, and contact codes. Names include Gladys Sutton and Alma's.
MENTIONED IN THIS ARTICLE
Huffer
Smith's Dept
Miller's
Washington
Gladys Sutton Klip
Garfield Beauty Salon
Employment for man to start profitable durable business
Classified notice listing multiple job and business opportunities across Terre Haute Muncie and Brazil areas. Includes positions for office management sales routes carpenters welders mechanics and plant workers with earnings promises from 3 to 10 thousand dollars yearly and no fee for applicants. Apply to various local businesses and addresses with specific contact times and numbers.
MENTIONED IN THIS ARTICLE
6Th
Chio Sts
Terre Haute
Brazil
Hoosier Monument Co
Wabash
Lman
Terre Haute House
Chapman
Also Mentioned on This Page
Business Mirror
Sam Dawson
AP Business News
Foreigners’ Holdings
Masus Bell
13Th
Columbus
Georgia
Wall St. Charter
Goodbody & Co
Jerome Peck Associates, Inc
Ce Usee von Helping Voan
Wabash Ave
First Holding Corporation
R. D. Bowsher
Ohio
Twelfth ST
A & H Insurance Producers
L. P. Matthews
National Casualty Company 1100 Griswold Building
Detroit
Michigan
Chicago Livestock
Indianapolis Livestock
Evansville Livestock
Francis I. du Pont & CO
Nat's Bank
E.S
Ohio Oil
Olin
Otis Elev
Owens Crn
Owens Ii
Pac. Gas & el
Pac
ASE
Viquesney
Ohio Street
E. Grey
Jack” Dimond
Terre Hauteau
San Diego
William G. Lucado
Mt. Sinai Hospital
Dimond
Wiley
Riddles
Chiefs’ Meeting
William L. Dorsey
North Eleventh Street
John J. Traeger
Herman L. Lamasters Jr
North Fourth Street
Traeger
Lamasters
Robert Fortune
Jerry Lee McDaniel
North Thirteenth
David W. Boyer
Louis Joseph Azar
South Sixth
Indian Acres Cleaning Center
Hulman
11Th
Lafayette
Lodge
F&am
William A. Lowe
W. M
Robert Lucas
Carhulil
Mission Bel
Fruitridge
Merchants Bank
Greenwood Drugs
N.T.H
Osco
Indiana Mutual Credit
Association of
Ernestine
Bill Bartlett
Hook’s Drug CO
Southland Center
Hoover Electric
Krausbek
Fuller
Brush CO
Fairbanks
Tribune-Star
Wiseman
Albert Pick
Muncie Plate and Polishing CO
E. Gilbert
Muncie
Howard Daniel
Hanley Koolvent
8Th St
Bolton Fruit Farm
RD No
Heliare
Leader Iron Works, Inc
Decatur
16Th
Poplar
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