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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Dec 05, 1962
Page
16
The South Korean military junta lifts martial law imposed after the May 1961 coup. The move comes 12 days before a new constitution proposed by the regime is put to a public referendum.
The Dow Jones average rises 3.09 to 654.57 with industrials up 1.9 and rails up 0.1. Major gains include blue chips and glamour issues with several sectors advancing, while Jones & Laughlin leads a steel decline and Xerox slips after a brief rise. Government bonds ease slightly as corporate bonds mix. The report notes unusual lines about bids, quotas, andArmy data amid a busy trading day.
United States market notes show scarce cattle supply with limited sales and hogs also tight, price ranges mixed. Chicago bids indicate steady to lower hogs, range creep for 190-400 lb classes, and varied cattle weights with several prime and high choice lots. Slaughter lambs and ewes show steadier demand with modest price variation across weights.
Wayne County item reports Paul D. Ross named general manager of GE specialty control department at the local plant succeeding Dr. John G. Hutton who moves to Utica New York as general manager of Light Military Electronics Dept. Previous duties include manager of another GE division in Erie Pennsylvania. Broadway bids sought for second round on sewer project with two lagoons five miles of pipe and pumping station.
Joe Huffman and Sue Bauserman named Page County outstanding 4-H members. Huffman, a 1962 Luray High School graduate and eight year 4-H participant, is the son of Mr and Mrs Harry Huffman. Bauserman, a Luray High senior and daughter of Mr and Mrs Marvin Bauserman, was selected county outstanding 4-H girl two years ago.
Floyd S. Kay division superintendent of schools will present to the school board the basic causes of local student dropouts. A committee, with Kay, will prepare the budget and outline measures to address the issue.
Candido Ferriera and his family, fleeing Cuba last June, plan to arrive by plane from Miami and settle Saturday near the Jefferson Park Baptist Church. The church is the second in Virginia and in the Valley to sponsor a refugee family, following Staunton First Baptist Church.
James M. Bebangen, clothes City sheriff, said Welfare, 45, an attorney for the Transportation Research Command at Ft. Eustis, was found shot in a parked car along State Route 6. Officials indicated the man may have been firing at squirrels when the rifle discharged accidentally.
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