Business Leaders Expect Slower Growth and Inflation Risks
Hot Springs Va AP officials and Johnson administration economists told 100 industrialists at the spring Business Council meeting that growth will slow over seven months. Ackley warned of inflation risks even as output tops forecasts. Batten summarized projections of a $732 billion year with slower quarterly gains and a 2.8 percent year end rise. Ford suggested auto sales dip due to safety furor, not economy, while a nine million car year remains possible.
MENTIONED IN THIS ARTICLE
Hot Springs
Johnson Administration
Gardner Ackley
President’s Council of Economic Advisers
Ackley
William M. Batten
J.C. Penney, Inc
Council
Batten
Henry
Ford A
Ford
Elimination of Tax Credit Urged by AFL CIO Economist
Nathaniel Goldfinger of the AFL-CIO urged Washington to remove the 7 percent tax credit for business investment and raise the corporate profits tax to curb a lopsided boom. He warned profits surges could crash the economy, criticizing subsidies for capital goods and opposing broad tax hikes or cuts to aid programs.
MENTIONED IN THIS ARTICLE
Washington
Organized Labor
Nathaniel Goldfinger
Afl-Cio
Goldfinger
the American Federationist
Neighborhood Art Show winners crowned at The Plains
MISS BARBARA JENKS of Berryville won first in pastel and Robert Map his Wick of Woodstock took first in oil at Grace Episcopal Church The Plains. The show runs through tomorrow with entries by local artists and a noted injured ball player lingering from a finger accident.
MENTIONED IN THIS ARTICLE
Barbara Jenks
Berryville
the Plains
Robert Maphis Wick
Woodstock
Grace Episcopal Church
Congress Chairmen Stall Administration Proposals on Trade and Unions
Rep Wilbur D Mills of Arkansas and Rep Adam Clayton Powell of New York asserted strong chairmanships over key bills. Mills refused to introduce a trade liberalization bill and rewrote unemployment insurance proposals, while Powell blocked on site union picketing despite Education and Labor Committee approval. White House reacts hoping Congress acts promptly.
MENTIONED IN THIS ARTICLE
Congress
Aires Son
Capitol Hill
Wilbur D. Mills
Mills
Arkansas
Europe
White House
Bill D. Moyers
Johnson
Adam Clayton Powell
D-N.y
Education and Labor Committee
Powell
John W. McCork
DeMass
Powll
Robertson rally boosts Byrd era vote in Virginia
Senator A Willis Robertson earned strong support at a Virginia Beach rally led by Sid ney S Kellam praising him as outstanding in Congress. Spong opponents named campaign heads in Suffolk Greensville and Richmond as robertson rivalries and Byrd lineage loomed.
MENTIONED IN THIS ARTICLE
Associated Press
Willis Robertson
Virginia
Sidney S. Kellam
Virginia Beach
Kellam
Robertson
Princess Anne Court House
Congress
Johnson
Harry F.byrd Sr
William B. Spong Jr
Portsmouth
Spong
E. C. Ferguson Jr
Suffolk
Astronauts Stafford and Cernan undergo medical tests
Gemini 9 astronauts Thomas P. Stafford and Eugene A. Cernan finished a four hour medical examination at Cape Kennedy to confirm they are fit for the three day flight. They were to meet Gemini officials to review all mission phases ahead of the rendezvous with the Agena target and space walk maneuvers.
MENTIONED IN THIS ARTICLE
Cape Kennedy, Fla
Thomas P. Stafford
Eugene A. Cernan
Atlas
Agena
Stafford
Cernan
Apollo
Moon
Stock Market Hits Bottom Anticipated Amid Week of Losses
On Wall Street traders debated if a bottom had formed as the week closed with a sharp drop. The Dow fell to 876.11, the AP index slid to 321.1, and volume reached 43 million shares amid production cutbacks and rising rate talk.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Robert H. Stovall
E.F. Hutton & Co
Dow Jones
Harold L. Bache
Bache & Co
Associated Press
General Motors
T. F. Patton
Republic Steel
Fallout from China nuclear test labeled brief and limited
A Public Health spokesman said fallout from China’s latest nuclear test will be barely measurable and last only a few days. The cloud moving east will pass over the Eastern Seaboard today and Europe by Monday, with milk as the main exposure concern.
MENTIONED IN THIS ARTICLE
Washington
United States
China
Weather Bureau
Eastern Sea‘board
Europe
U.S
Public Health Se
Correction Ad Shows Pearl Ori aed Sale Price
In Thursday's ad the genuine pearl sale price is corrected to $25.00, now on sale at $12.95. Hodgson Brown Jewelers.
MENTIONED IN THIS ARTICLE
Hodgson & Brown Jewelers
Exams on Draft Status Underway Across Nation
About 350000 to 400000 college students take three hour exams today to influence draft deferments. Another 600000 will test May 21 and June 3 under a government contract to Science Research Associates. Scores are advisory and a 70 or 80 passing mark distinguishes undergrad from grad. officials say deferments depend on multiple criteria.
MENTIONED IN THIS ARTICLE
Washington
Armed Services
Puerto Rico
Panama Canal Zone
Science Research Associates
Selective Service
Adam Clayton Powell
D-N.y
House Education and Labor Committee
Powell
Man Who Held Off Police Shoots Himself
William Coleman Jr. 41 barricaded himself in the bedroom of his estranged wife’s New Market Virginia home and threatened responders. After nearly four hours police failed to talk him out and he fatally shot himself in full view of about 50 spectators.
MENTIONED IN THIS ARTICLE
New Market
William Coleman Jr
Coleman
U S Planes Shot Down in North and South Vietnam Totals Rise
The United States reports 243 American aircraft shot down over North Vietnam since bombing began, and 104 planes lost to enemy action in South Vietnam since January 1961. The North total mainly from ground fire, with few MIG losses. B52 bombers struck a Viet Cong area near the Cambodian border in support of the 101st Airborne Division paratroopers.
MENTIONED IN THIS ARTICLE
U.S. 101St Airborne Brigade
Bu Gia Map
South Vietnam
Saigon
South Viet Nam
U.S
North Viet Nam
17Th Parallel
United States
Viet Nam
Penson
Air Force
U.S. 101St Airborne Division
Buddhist Leader Warns Viet Nam Government on Promises
The influential monk Tri Quang in Saigon warns the government to keep promises or face crowd reaction. Quang, a key figure amid political turmoil, told Chanh Dao that if promises are not kept the people will re enact. Rioting surrounds Saigon as the junta had promised civilian elections within three to five months.
MENTIONED IN THIS ARTICLE
Saigon
South Viet Nam
Tri Quang
Chanh Dao
Nguyen Cao Ky
South
Viet Nam
Ice Cold Watermelons at Willow Lawn Market
Sale listing notes watermelons priced at 1.48 dollars each at Willow Lawn Market on Route 11 in South.
MENTIONED IN THIS ARTICLE
Willow Lawn
Also Mentioned on This Page
Business Council
Rubber Rae Nation
Chairen
Byrd
Goochland
Harry F. Byrd Jr
Senate
Continued
Cape Kennedy
Ford Motor
Chrysler
Soviet Union
Sinohia
Soviet
Russia
Canada
Mexico
Red
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