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Newspaper
Terre Haute Tribune
Location
Terre Haute, Indiana, United States of America
Date
Jun 26, 1967
Page
15
A bull market in seat prices drives a Big Board membership to 370000 by May 31 up from 220000 in January as brokers chase heavy trading and large commissions. The American and Pacific exchanges show elevated seat values while 1929 records loom if the trend persists.
Treasury accounts through June 21 show withdrawals of 162 million and deposits around 156.6 billion. Cash balance stands at 7.06 billion with public debt near 329.37 billion and gold holdings about 13.11 billion.
Thomas Lees a 24 year old motel clerk was tied up by burglars who rifled safety deposit boxes at a Miami Beach motel. He used the tip of his tongue to dial for help and the thieves departed with an undetermined amount of money and valuables.
W E Hutton & Co and E F Hutton & Co analysts say markets have priced in tensions and weak earnings while sentiment may shift toward owning stocks. Bache & Co notes dwindling cease fire enthusiasm and a narrowing market as consolidation and a cautious near term outlook emerge ahead of a possible summer rally.
Indiana public school tax rates are expected to rise about 26 cents next year after the 1967 legislature did not provide enough money for higher teachers salaries. The Indiana School Boards Association based its finding on a survey of 233 of 291 schools noting tax hikes of 11 to 40 cents in three quarters of districts and nearly $1 in some.
City Court Judge Edward S Everett granted a continuance until July 26 in the theft case of two police lieutenants Robert Fortune and Robert Kable. They deny stealing political signs belonging to Frank McGlone GOP mayoral candidate. Defense presented much of its evidence as Frederick Bauer represents the officers. Donald Brooks is deputy prosecutor for the state.
Harri son Adam Smitson 61 a banker and former resident of Tipton Indiana died. The obituary notes his career and local ties with family references.
Capsule midday stock list shows Am Tel & Tel at 58 54, Ford Mot 51 54, General Electric 90, General Motors 79 7, Standard Oil Ind 57 44, US Steel 44, RCA 51, Xerox 30 3, and other names. Dow Jones industrials rise, rails and utilities move, along with a note on the Indiana Bank president's death by heart attack.
Market data from Indianapolis and Chicago shows hogs up to 25 higher on 240 to 260 lb and 190 to 225 lb ranges, cattle and calves varying with steady to lower trends, sows up to 50 higher, Evansville and East St. Louis notes share 1 400 hogs and 900-1200 lb cattle ranges, with Chicago futures lagging on grains and butter.
An 18-year-old girl was treated and released from St. Anthony Hospital after a collision at 6th and Crawfords Streets. Barbara Ann Turner of 20 S. 23rd St. collided with a truck driven by 59-year-old William Haverstock of 1444 Poplar St. The damage to both vehicles was extensive and an ambulance from Patrick J. Ryan responded.
John J. Dray will become minister of the Terre Haute church July 1 after attending the National Association of Congregational Churches meeting in Racine Wisconsin. He previously served as associate pastor at the First Baptist Church since 1965 and holds degrees from the Philadelphia College of Bible.
Post 40 announces chairs for the 41st annual July 4 fireworks at the stadium led by Fred Schwartz and Art Bryant. Committee heads cover advance tickets, box office, publicity, first aid, police detail, hosts, ushers, color guard, reception, and misc. Final plans set for June 27 at 8 p.m. with tickets available at multiple local drugstores and stores. General admission and reserved seat prices are listed by location.
A Terre Haute resident, Fred Christman Jr., was elected national director of the National Association of Plumbing Heating Cooling Contractors during the 85th annual convention in Cleveland. He will represent NAPHCC state associations in Indiana, Illinois and Kentucky. The group is the oldest and largest national trade association in the construction industry.
Jack Vissing of Jeffersonville was installed as state master councilor at the final session of the Indiana DeMolay annual convention at Ball State University. Other officers elected were Bob Rhodes Evansville state junior councilor, Jim Mounts Danville senior councilor, George Dyer Madison scribe, and Bill Moyers Franklin treasurer.
Eric Tipton, famed Duke University All American backfield star, is named baseball coach at the U.S. Military Academy in West Point New York.
Michael W. Layton 27 was seized in Indianapolis less than 48 hours after escaping Shelby County Jail via a food chute. A stolen Shelbyville car found nearby carried Layton’s photo, and authorities noted his prior murder conviction overturned by the Indiana Supreme Court. Layton, tied to the Sept. 22 1960 service station murder, had been moved to the jail May 19 for a new trial.
A batch of Vigo County cases lists George D Highsmith Clarence Collins John H Lockett and others fined for intoxication speeding running red or stop signs false registration and related violations. Penalties range from 3.25 to 45 dollars with one five day jail sentence for Chester A Hawkins.
City Parade America committee members are summoned to City Hall City Court room at 7 30 oclock Monday evening to discuss local participation in the nationwide event Mayor Ralph Tucker urges full attendance and plans to be advanced at the gathering.
Dr Allan O Felix of the New York Stock Exchange will discuss Personal Investing at 2 pm Tuesday in the East Ballroom Tirey Memorial Union Building Indiana State University. The regional workshop on education in family finance is open to the public.
Dale F. McKee ISU alumni affairs director will open the American Alumni Council national conference in San Francisco on July 2. He joins a panel on The Role of the Alumni Director in Educational Administration for newcomers to alumni work. Bill McFarland and Mrs. Marilyn Plasterer Davis plan side programs for his visit. Former Terre Hauteans Clyde and Anne Perdieu advise the Anaheim group.
Forty Terre Haute scouts and four leaders toured Mc Connell Air Force Base Wichita Greensburg and Dodge City before reaching Philmont Scout Ranch New Mexico They stayed in the Koshara Indian Kiva La Junta and visited Kishara Museum Then four crews began a month long trek carrying gear and food across elevations from 7000 to 11800 feet returning to Terre Haute on July 3.
Gov. Branigin appoints William A. Hillenbrand to the Purdue University Board to fill the unexpired term of Claude Wickard who died in a car crash. The term lasts to July 1 1969. Branigin also reappointed Mrs Luke White and Guy Wilson to terms through July 1 1970 and issued commissions to Walter Wald and Robert A. Lucas to the Purdue and Indiana University boards respectively.
Public notices announce bids for Vigo County School Corporation furniture and equipment with deadlines July 17 1967 at Terre Haute. Bids require forms 95 and 10 percent bid bonds plus non collusion affidavits and 100 percent supply bonds if awarded.
The Wabash Senior Citizens will hear Dr Robert Meissel discuss Hypertension in a Wednesday program. The talk is part of a local medical series for seniors with a travel film to follow. The center will close Wednesday evenings through July and August, with the Saturday night program continuing through July. July 4 is a full center closure.
The Japan Federation of Bar Associations announced it received 7777 from an American group funded by the CIA to publish bar seminar reports. Chairman Iwakichi Wajima of Osaka Bar Association said the aid was being cut off and cited the funding source.
Common Council of Terre Haute Indiana sets a public hearing for July 5 1967 at 730 P.M. in City Court Room to hear written objections to General Ordinance No 1 1967 Comprehensive Zoning. Objections must be filed with City Clerk Leland Larrison by 400 P.M. July 1967. Also notices a freight sale list from Mastern Express Inc of items to be sold July 10 1967 at 1450 Wabash Avenue Terre Haute with multiple consignors including Isaac Hazan Handy Andy Spee Hallowell Shoe Co Monarch Press and others.
Two persons faced severe fines in City Court on a drag racing charge. Margaret Walker and Paul Earles each paid 72.25 dollars after police said they conducted a speed contest on Wabash Avenue near Brown Avenue. Elizabeth Fox, 28, was fined 45 dollars for shoplifting at the Great Scot Super Market on Locust Street.
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