Corporate Profits Hit New High Amid Slowdown Signs
Profits reach a record high for the first quarter as the Commerce Department reports 78.3 billion dollars in pre tax earnings and 48.4 billion after taxes. Industrial output climbs to 153.4 percent of the 1957 59 average but gains slow with coal and rail strikes and auto production forecasts. Gardner Ackley warns a cooling in the boom may occur this year unless the Viet Nam end
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Nafon
New York Stock Exchange
Dow Jones
Yh Hot Springs
Gardner Ackley
Johnson
Council of Economic Advisers
Viet Nam
Commerce Department
Smith Denies Funds to Dawson in Cohoes cases
Former Cohoes Democratic leader Warren J. Smith Sr testified in Albany federal court that he never gave funds to William J. Dawson. Prosecutors accuse Dawson of underreporting income and failing to pay taxes for 1959 to 1961 with Smith alleged to have supplied about 73 thousand dollars for the Cohoes Publishing Corp and the Cohoes Newsweekly. The case centers on discrepancies between Dawson's reported wealth and income and what the IRS says was spent on investments for the Democratic City Committee.
MENTIONED IN THIS ARTICLE
Cohoes
Warren J. Smith Sr
U.S. District Court
Albany
William J. Dawson
Dawson
Cohoes Publishing Corp
Smith
Democratic City Committee
Wallace Musoff
Intelligence Division
Internal Revenue
Musoff
Edmund Port
Museff
Cohoes Holding Corp
Safe Taken In 2000 Burglary At Morris Rome Office
Irwin B. Rome president treasurer of Morris Rome and Son reported a daylight burglary at 103 Troy Garden Apartments. A 150 pound green safe containing over 2000 dollars in cash and four men's wrist watches including a 500 dollar diamond watch were stolen. Police noted no forced entry and believe the safe was moved to a basement then loaded into a vehicle.
MENTIONED IN THIS ARTICLE
Irwin B. Rome
Morris Rome
John A. Comitale
Bernard F. Madsen
Charles F. King
George Costello
Thomas Blake
Radio
First College Draft Exams Slated Today
Pickets threaten access to exam rooms at 1200 centers as SDS disputes draft amid new rules. Tests determine 2‑A or 1‑A status. SRA assigns four testing days with strict security. Mix-ups affect students nationwide. Hershey issues countermanding orders. Powell decries bias against Negroes.
MENTIONED IN THIS ARTICLE
Students For A Democratic Society
SDS
Defense Department
Tion
Army
SRA
Michigan
Massachusetts Institute of Technology
Kentucky
Lubbock
Tex
Honolulu
St. Michael's College
Winooski
University of Utah
Selective Service
Lewis B. Hershey
Viet Nam
Adam Clayton Powell
DN. Y. Powell
Red China Yet To Join Hydrogen Bomb Club
The AEC said China's March 196? nuclear blast was not thermonuclear though thermonuclear material lithium 6 was present and no plutonium used. Sen Gore warned of a nuclear armed China within a decade as radioactive debris drifts toward the United States.
MENTIONED IN THIS ARTICLE
China
Perts
Washington
United States
Red
The
Atomic Energy Commission
AEC
Capitol Hill
Albert Gore
D-Tenn
Joint Atomic Energy Committee
Central Intelligence Agency
Weather Bureau
Midwest
Seaboard
Europe
U.S
Red China
Auto Safety Hearings End as Lawmakers Push Bills
Washington AP reported that auto safety hearings closed with Senate and House leaders pledging to move quickly on bills. Senator Magnuson said the Senate committee will start drafting its bill next Tuesday while Representative Staggers expects a bill within about two weeks though sources say passage will take weeks or months. Staggers urged a strong role for states in setting standards and enforcement, and noted the administration plan lacks such a state role and coverage for used cars.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Senate
House Committee
Warren G. Magnuson
Senate Commerce Committee
Harley C. Staggers
D-W.va
House Commerce Committee
Congress
Staggers
Rent and Teacher Corps Programs Approved by Johnson
President Johnson signed a $2.8 billion supplemental bill funding two controversial efforts. The rent subsidy program will aid low income tenants via payments to nonprofit landlords, while a national Teacher Corps aims to place volunteers in schools. Authorities specify $12.1 million for rent subsidies and $9.5 million for the Teacher Corps, with broader figures pending Senate action.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Congress
House
Senate
Packaging Bill Sent To Senate
Washington AP reports the Senate Commerce Committee approved a revised truth in packaging bill by 14 to 3, sending it to the Senate. The measure would allow voluntary industry standards on weights and quantities, with possible mandatory rules enforced by seizures and fines if standards are not approved or followed. Senator Norris Cotton warned the proposal could stifle competition and raise prices.
MENTIONED IN THIS ARTICLE
Ackley
U.S. Chamber of Commerce
Washington
Senate Commerce Committee
Senate
Commerce Committee
Secretary ‘of Commerce
Norris Cotton
R.N.H
Secretary of Commerce
Miss U S A Contest Arrivals Highlight Miami Beach
Miss Hawaii and Miss Florida led a stream of 50 Miss U S A candidates arriving in Miami Beach for the pageant next week. Judith Anne Wolski of Honolulu checked in first after a 5000 mile flight, Illinois-born Randy Beard of Kissimmee followed as the shortest journey.
MENTIONED IN THIS ARTICLE
Miami Beach
Fla
U.S. Increases Air Strikes Against North Vietnam
U S pilots pressed attacks on North Vietnam in what may be a record day with 135 missions and more than 200 sorties. Mar ies report 267 Viet Cong killed in ground clashes around Da Nang while a Marine patrol suffered casualties and release details. Nine confessed Viet Cong terror cells were linked to bombings and raids killing 21 and wounding over 250.
MENTIONED IN THIS ARTICLE
Saigon
South Viet Nam
U.S
North Viet Nam
Washington
Hanoi
Navy
da Nang
James K Binkley
Ashland City
Tenn
Reuben Morales
la Puente
Calif
Johnson and Lodge discuss Viet Nam situation
President Johnson summoned Ambassador Henry Cabot Lodge to discuss Vietnam policy. The White House described the meeting as broad and across the board, reviewing economics inflation and other Vietnamese problems. Moyers said no major changes to the current set of options are anticipated.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Viet Nam
Henry Cabot Lodge
White House
Bill D. Moyers
Senate Told Of Eerie Power Of Drug LSD
In a Senate hearing room Dr. Timothy Leary argued LSD's eerie power to release ancient energies from the brain. Senator Kennedy pressed for a coherent theme as Leary described usage among youth and claimed one third of college students experiment with the drug.
MENTIONED IN THIS ARTICLE
Senate
Washington
Timothy Leary
United States
Kennedy
Also Mentioned on This Page
Livingstones, Jones
Cohoes City
Democratic Committee
John J. McNamara
United
Press International
Science Research Associates Sra
Auseia
Sibthia
Australia
Avatia Ocean
Abturi and
Alaska
Agranan
Canada
Mitro Soaris
Atlantic Ocean
Brazil
Arg
Tina
LeCacner
Sui
Industry
U.S.A
Miss Florida
American High School
Bremerhaven
Germany
Randy
N. Viet
National Police
Metropole Hotel
Victoria Hotel
Peking
Yunnan Province
Makwan
North
Red River Valley
Wilbur R. Dudley
Orange
Alamogordo
N.M
Lbj
Lodge
Edward M. Kennedy
D-Mass
Leary
Harvard University
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