Market Review Prices Rise Fifth Week Amid Tax Hopes
The Dow gains 0.92 to 872.52 as 1963 advances persist despite profit taking. Investors react to Kennedy’s $13.5 billion tax cut plan and a record $98.8 billion budget with military spending.
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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jan 19, 1963
Page
6
The Dow gains 0.92 to 872.52 as 1963 advances persist despite profit taking. Investors react to Kennedy’s $13.5 billion tax cut plan and a record $98.8 billion budget with military spending.
City detectives continued their investigation of two Thursday night burglaries at Lane Sales Co and Pittsburgh Plate Glass Co. Thieves removed a screen and window, taking office equipment including a check writing machine and typewriter, with losses totalling several hundred dollars. A floor safe was broken into at Pittsburgh Plate Glass, with about $450 in equipment stolen.
Funeral services were held today in Bisbee for three year old Jeanne Diane Mitchell who died Thursday night at St. Mary's Hospital from burns covering more than half her body. She was burned when clothing caught fire from sparks from an explosion in a trash can. She died after emergency treatment in Bisbee and transfer here. Survivors include her parents Harry and Mrs. Mitchell and her brother Stephen two other brothers Michael and Lee and grandparents F. H. Chappell of St. Louis and Mrs. Ann Chappell of Memphis and Dr J B Mitchell of Tonoke Ark and Mrs Inez Mitchell of Memphis.
Vatican City reports Father Vincent Pallotti founder of the Pallottine Mission Society will be raised to sainthood by Pope John XXIII in a St Peter's Basilica ceremony. Pallottines now number 3000 priests and 1500 nuns serving across the United States Latin America South Africa Australia and India. Pallotti born in Rome in 1795 died in 1850 and was beatified in 1887 on the path to sainthood.
A 10 month old Kevin Rae Gibbs is reported to be allergic to contact with his mother. Remedies ranging from bran flakes to telegrams pour in from readers nationwide. Doctors say the rash ties to maternal contact. The family plans continued medical care and worries about separation as the boy is sent back to hospital for treatment.
The State Land Department sold 3,706 acres to private interests for 1,175,410 dollars at a public auction, 92,818 over appraised value. Key bidders include Ranchlands Inc acting for others with 2,197.88 acres, Horizon Land Inc for 80 acres, and Kemper Marley and P. Brown bidding on parcels near Golf Links and Kolb Roads in Tucson. The National Foundation for Asthmatic Children bought 350 acres in the Tucson Mountains for 105,000 dollars.
Manuel Franco Borquez and Gavino Borquez were sentenced in Superior Court for the August 30 holdup of the Menlo Park Liquor Store at 1000 West Congress Street. The younger Borquez, 22, received 5 to 7 years in state prison due to a prior record, while Gavino Borquez, 29, of 496 South Meyer Avenue, got 5 years probation after authorities traced the car used in the robbery to them.
Three men admitted conspiring in the Davis Monthan Air Force Base thefts and were placed on two years probation. The trial of Norman Semler and six others continues, with witnesses to come and the government resting later the same week.
Indonesian press dispatches report a diamond the size of a marble found near Martapura in South Borneo by a village resident who sold it for 88889 dollars.
Retired buyers praise Verde Park where installments start at $50 a month. Developers highlight individual deeds and insured titles, proximity to the Veterans Hospital, downtown, and local facilities. A Kelvinator fridge giveaway and model apartments at 4800 South Park are noted.
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