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Newspaper
Terre Haute Tribune
Location
Terre Haute, Indiana, United States of America
Date
Jun 27, 1962
Page
16
Canada tightens its fiscal stance with higher rates, import curbs, and dollar support as the United States faces a midyear debate on budgets. The U S weighs deficits versus tax cuts or spending to spur growth, while concerns over a payment deficit and dollar strength linger.
Salable hogs total 150 with No 1 and No 2 hogs 100 to 220 lbs at 18.25 to 18.50 dollars, 220 to 260 lbs 17.75 to 18.25, 260 to 300 lbs 16.75 to 17.75, sows around 300 lbs about 15.75 and down. Market steady. Wheat 2 dollars. Rye No 2 1.11. Barley 0.75. Corn yellow ear 1.05 shelled 1.07. Soybeans yellow 2.36 black and mixed 2.06. Indiana fryers no report roasters 15-20. Eggs large 23-25, medium 15-17, small 12-13, B large 16-17.
Miss Mari Ann Sullivan of New York arrives in Charleston for the National Press Photographers beauty pageant. She comes a day late due to a flight engineers strike punching up travel for airline crews.
Wall Street notes from New York on June 27 describe a potential bottom signal if a sudden market thrust surpasses April May rally highs. Analysts cite expected investment demand, short covering, and reluctant sellers as indicators of a rebound.
Ward's reports mid June new car sales reached the best for the period since 1955 with a daily rate of 22 870 and total 205 833 domestic cars. General Motors led with 56 7 percent of sales Ford 25 5 percent Chrysler 9 8 percent American Motors 6 9 percent Studebaker 1 1 percent. For Jan 1 to June 20 period sales were about 3 205 million versus 2 5198 million a year earlier. The month may fall below forecasts though the daily rate shows consumer confidence in hard goods.
The afternoon brief surveys top industry moves with Spyros P. Skouras rumored to depart as 20th Century Fox president. Foreclosures rise 10 percent in Q1 from 1961, with 77,100 non farm foreclosures in the year ending March 31. U S Steel plans a 10 day shutdown at National Tube Works in McKeesport starting July 4 due to weak orders. Mutual savings bank deposits climb 2.4 percent to 39.2 billion in May, driven by high interest rates.
The Lutheran Church-Missouri Synod accepted the apology of Dr. Martin H. Scharlmann, a Concordia Seminary professor, for writings that caused unrest. Delegates approved a forgiveness resolution 650 to 17 after debate. He withdrew four essays and reaffirmed belief in the Bible as inerrant and divinely inspired.
In Sullivan Indiana a special meeting of the Sullivan County Board of Review was held at the county courthouse for Cass township and Dugger taxpayers. Residents complained of unequal assessments prompting the board to plan a full hearing with all taxpayers invited.
Indiana Supreme Court ordered a new hearing in Vanderburgh Superior Court for Pvt. Steve E. Phillips 19 in a habeas corpus bid after a 1960 court martial sentenced him to 15 days in jail for failing to report for summer active duty training The ruling did not rule on the sentence legality and noted counsel was given only two hours to prepare documents Phillips was a member of Company C First Battle Group 152nd Infantry and was sentenced by 1st Lt William S Mitchell The sheriff held him under the conviction as provided by state law Grim was told to answer by Aug 17 1960 and the petition was denied two hours after Grim filed his answer
County Surveyor Claude E Reese received a reply from the Louisville Army Engineer District about water clearance of the Highway 63 bridge over the Wabash River. The letter notes construction began before location and plans approval were required and cites a 5 foot clearance above 1913 high water or 35.6 feet above mean low water as provided by the design engineers.
Kendallville Indiana June 27 AP Richard L House operating engineer of the Kendallville Municipal Water Plant was arrested on a charge of embezzling 3869 while manager of the Northern Indiana Telephone Co at Wawaka The affidavit filed in Noble Circuit Court at Albion accuses him of diverting subscriber payments from Jan 15 1960 when he became manager to May 21 this year when he was discharged The affidavit is dated June 12 the day his water plant appointment was announced by Mayor R J Rehwinkel.
United Press International reports a quiet trading day with stocks irregularly lower and American shares slipping. Bond activity remains firm, with U S government bonds steadier. commodities including cotton and grains in Chicago show declines. Hog and cattle prices weaken slightly while sheep and meat markets hold near recent levels.
Four Lutheran denominations prepare to merge into a single body in Detroit. The United Lutheran Church and Augustana Lutheran Church leaders say unity will preserve identity while yielding a stronger form. The American Evangelical Lutheran Church and the Suomi Synod join, despite differing national origins.
In New York on June 27 the Dow Jones average fell 4.05 to 531.71 at noon as most key stocks slipped slightly while autos and chemicals showed small declines. IBM and Polaroid dipped after early gains. U S Steel and Du Pont logged modest losses amid a generally subdued session.
A broad array of stocks and prices from Abbott Lab to United States Steel shows active trading in New York markets. Notable names include Ford Motor, General Motors, Coca Cola, IBM, General Electric, and Exxon with varied performance figures and daily averages listed.
Readers are invited to send poems or quotations to Tribune-Star with signatures. an appeal to kindness contrasts with a cluttered ad mix including carpet cleaning and local store plugs. The column highlights moral reflection and community participation amid small classifieds.
Hogs in Indianapolis 3,500 head, prices largely steady to up 25 cents. cattle and calves show mixed movements with steers around 25 for top loads, vealers 25-28, cows 14.50-16.50. sheep 600 head with lambs 22.50-24.00 and feeder lambs 12-14. Chicago hogs 7,500 head, steady to down 25 cents. cattle 13,000 head with steers 24-27, heifers 22-25, cows 15-17. Sheep 700 head with lambs 22-24 and ewes 4-5.
Market notes show mixed commodity quotes across regions. Live poultry, fryers and cheese prices listed for Chicago and New York. Evansville reports hog and cattle declines with varied steer and cow ranges. Cash grain in Chicago notes no wheat or soybean sales, corn values at No 2 yellow 1.14 and No 3 yellow 1.1242.
Federal warrants charging unlawful flight were filed in Indianapolis against Milan McNeal and Michael Andry, both Texas men, in a motel robbery murder. Carl N. Snyder, a 44 year old Chicago salesman, was shot dead Saturday when he surprised two robbers in the Van Orman Suburban Motel office.
Personal caregiver provides daytime and nighttime child care in a home setting. References include a code L-0975 indicating service listing and availability.
Job entry requesting experienced aluminum siding workers with steady employment. Apply in person at Laughrey Bros, 3055 North 13th Street.
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