davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1963-04-05
Eye Stop-Gup
Plan For RI. IA

An interim solution to the
Milford highway controversy :
Ito resurface Route IA and add
two lanes at peak periods was
proposed in Milford, Tuesday
night at a meeting Of Milford
City Council.
Most members Of the City
Council expressed approval Of
the State Highway Departments
proposal but voted to delay a
decision until next Tuesdays
regular meeting.
Several council members said
the people Of Milford should have
their say before the council
acts.
Highway department repre-
sentatives, William ]. Miller,
Jr., director Of operations, and
Ernest Davidson, chief engineer,
assured council that acceptance
of this measure would not effect
possible plans for future perma-
nent dualization Of Route IA.
Before federal aid could be
obtained for the resurfacing,
council approval must be OBJ
tained, Miller said. He said the
state could do the work without
council approval, but does not
want to eliminate the pos
sibility of federal help.
Miller said the resurfacing
could be accomplished by paving
to the shoulder of the road and
that 1t would not be necessary
to cut into properties along the
route.
Parking would be allowed on
the outer lanes during slack
periods, Miller said, then re-
moved during peak periods to
allow four lanes Of traffic.
Money is available for the
work, Miller said, and 1t could
be started after next July.
Although the interim solution
is less expensive and helps
present conditions, a decision
will still have to be reached on
the Route IA dualization and the
Milford bypass during the next
two to five years, Miller said.
Funds will not be available
for the bypass for at least
two more years, he explained.
The proposed resurfacing
would extend from U. S. 113 to
the Mispillion River bridge.
Councilman Calvin Ball said
he doesn't think the measure
would solve anyone's problem,
since just as much of a prob
lem exists on the south side Of
the bridge.
Miller agreed that it does not
really solve the problem but saic
it seems to be the only alterna-
tive, since funds are not now
available for either the bypass
or permanent dualization Of Rt.
IA.
He said that he doesn't see
how Milford has anything to lose
by the proposal.
Councilman Howard D. Fur
Mss said that, since it seemed
to be the only alternative, he
would vote to approve the in
terim plan with assurances that
the action would not prejudice
possible future dualization
plans.
His motion was seconded by
Councilman G. Brainard Poore
before Ball said he would like
to amend the motion to table
the proposal until the next meet
ing.
Council first voted A on the
amendment and Furniss said he
would change his vote to "yes"
in the interest Of harmony.
Milford chronicle., 1963-04-05

U. S. PLYWOOD CORPORATION
has been remarkable. Because
of its wide distributing facilities
throughout the U. S. and Canada,
company is considered to be
more Of a seller than manu-
facturer. In addition to dis
tributing plywood, 1t sells doors
and other timber products to the
building trades. It maintains ex-
tensive timber stands on the
West Coast, in New England,
various South Atlantic states,
and Canada.
The largest expense in house
building today is labor. Plywood
manufacturers are doing much
to reduce labor costs. Another
development to accomplish the
same end is the building
Of "shell" homes, which my
friend Jim Walters Of Tampa
originated.
MESSAGE TO READERS
May l end with a message
sent me by a famous Turkish
Missionary. turkey could be a
great battle-ground between
Russia and the West. It holds
the key to the Mediterranean
Sea and the Near East oil lands. }
woman cables me: The world is
full of both opportunities and
problems for everyone to think
about for years to come. sup
pose I am an incurable optimist;
because I believe so firmly that
"This is my Fathers world. O|
let me meier forget that though
the wrong seems oft so strong,
God is the Ruler yeti"
Though nations are uprising
and battles rage fiercely all over
the world, let us put our faith
in our Captain, who is bound to
win In the end. This especially
applies to Cuba.
Milford chronicle., 1963-04-05

The Washington Senators won
their first two games of the 1862
American League season then
dropped their next Is.
Milford chronicle., 1963-04-05

Charley Si1vera, forr,er Yankee
catcher, scouts Northern Cal
ifornia, Oregon, Idaho and Mon
tana for the Washington Senators.
Milford chronicle., 1963-04-05

Billy Casper and Jack Nick
laus finished fourth in three PGA
golf tournaments last year.
Milford chronicle., 1963-04-05
Always,

Elaine Townsend Dickerson
Milford chronicle., 1963-04-05

INDUSTRY Is GROWING
Despite intense competition In
the plywood field, the growth of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05

" mssS SaotstioS:: 1 ic9 ,6o..S.ss Ilot. .;Esl
25-shAre lots. Others lo-share lots
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
CHICAGO
LIVESTOCK

CHICAGO (APD - (UsDAl. = HOss
tS SSS n.s tys sSse Slsp., STEADY S,h z
ever ego ,onl h' IL ;sss fully .ss: .:
saPSRS, a b lses sSsvi n su tssS
mixed 3 Ssd ise-2S9 les. issze-i4i2Sii
ia 1 sso:aSo i1s i ;a9s %ls sci
sSo-sSSU p, i, iSo-isOo; Is 100000
&c cstiisV i 500 500 calves none; trading
steers strong 70 SO higher: heiiers
STEADY % Ks lover: three loads kisR
choice and prime :2b0-i 800 p.
sSsA's IS, ss'Es sssS . sSs; scS
hlgh choice 25.25: 5000 e00.f 200 lbs.
22.so-2s.bO; eheiess ss9 y $50 Z,
5000 and choice $500: load mostly
sood 22ss0; Utility and sommsfelal
y; b0.l4 ;7si utility and commercial
puiis ls.Vo-AV.Uv.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
Chase Manhattan
Slips to Third
Largest Bank

NEW YORK (AP). - The
quarterly report Of the Chase
Manhattan Bank showed today
the bank slipped to third larg-
est in the country from the
runnerup spot.
AS Of March 81 the second
largest bank, based on both de-
posts and total assets, was the
First National City Bank of
New York. The largest, by far,
is the Bank Of America Of San
Francisco.
The Chase reported operat-
ing earnings in the first three
months Of the year exceeded a
year ago by AZ per cent. How
ever, both resources and de-
posts declined during the
quarter.
The First National City,
which reported earlier in the
week, had an increase in as
sets and a dip in deposits dur
ing the same three months.
Both banks had higher deposits
and assets on March 81 than
q year earlier.
The latest Chase Manhattan
asset total was $l0,S2s, 254. 2s4
while deposits amounted Ia
$3.50, 956.992. The March 81
figures for First National were
100000 in assets and
$9.0l7, 100000 in deposits.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
Stock Prices
Lose Ground;
Profit-Takiniq

NEW YORK (AP).-Aftel
churning near its 1868 peak
for q while the stock market
drifted lower on profit-takine
early this afternoon. Trading
was active.
The retreat was uneven
Losses Of fractions to around q
point among key stocks were
outnumbering losers as deals
ings wore on into the after
noon.
In a continuation Of yester-
days rally, some blue chips
touched new highs early in the
day, then backed away, eras-
ing the gains and showing net
declines.
After the week-to-week rise
from the February lows and
the dramatic breakout this
week to q new high for the
year, profit-taking was the
normal expectation, brokers
said, particularly In advance
Of a week end.
Big three motors, Aerospace
issues, oils. tobaccos and cleo
tronics we're generally lower.
Steels, drugs. utilities, rails,
and farm implements were ir-
regular. Rubbers were UP
slightly.
Prices were mixed on the
American Stock Exchange in
moderate trading.
Corporate and Government
bonds were irregular.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05

Sales figures are mnofllrlal.
a. Also entga o. extFas. b-Annna rata
plus sioek dividep4. e. uQnidallna dlW
dena. Z Declared Iar pald u lst3 plui
able 10 siock during lps3. estimated cast
value % sx-dlvldsnd q sTdls.re1IloI
ss.s Pssl:ssc o !slca :: o.. .sf M, ~.
dividend % split 10. k-Deciafsd g PAD
! this year an accumuiative legue with
dividends IN arrears. d. PAID this yraf
dividend emitted, eslsrrs6 o. 20 acllon
sisrsa o. psie 3 iSs1 pius sleet IN,
sSlimsisl cksk valns. % sx-divldsad q
"a dlstributlon dste.
ed : Gained. rs divIdend. YES Divi'
dend and eaioo n lnn. H-dls : - dlgiFou.
tloB u- q nghie. xu- Without var.
Fanls. Nv via aaFfaals. wd Wken de
s IE'SS.:s; w-vAss I''Ssd. as-s'a da'
yi:Is s.asEsg.s. z .sssiy:rshlI 2.
:. ~; o. sssa'iass assumed b suaA com
UuIsss sshsrwlss as,sd. rates q dIvi,
dlabursemsnls bass1 % he Iaa quarterly
o. seml.annual AsclaFallen. Special -
extra dividsnds q paymenla 90 ds.,s.
mated az regular are identlfisd h The
following io0lnotes.
n-6alss In tnli.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
TREASURY BONDS

NEW YORK CAP) Noon over the coun.
TER u. s.. Government Treasury bonds,
Do, asked, net change and yield for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
MUTUAL FUNDS

NEW YORK CAP)
- National Associa-
ton Securities Deal
ers. Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
CHICAGO GRAIN

CHICAGO (Apl. - Grain futures
prices showed little trend today IN
quiet apd mixed dealings on N,
Board OF Trade.
All contracts held within . eenl
smi trsetIon D's svsg 'i q demand ' fo'
nearly I'll commodities slaekened.
ooybeana showed q little fifmnetI
after atArtlng OFF IN . mixed RANGE
Dealers said the support vas scat.
ssrse sh9E. soy. ,I,, :I.s ases :.
peered 10 have swune toward thl
nelilng side, OF that apeculatofa wefl
aWeltlne new trade influences,
AZ midday. wheat vas unfhangee
70 cent bushel lover, Nay 81 oo1
s corr sn lS.ss nish.F' ,s M.y
0pA csnt1i rye h-g lover. Vas
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
COTTON.

NEW YORK tAPl.-cotton future.
selling vas touehed OF ~ news that
troduced in the House next week
aimed At lowering cotton prices.
The administra alton and textile IA.
dustry had been ~ odds oyer the size
OF q subsidy which would permit Z
cut In cost 81. cotton . domestic mills,
The new compromise MEASURE va
said TO add several new features to
!hs D5sssPt sSss1n prssIss sSs's ss
Losses II futures sxtsndsd 10 more
than So q bale before the MARKET
filmed on short eovering. TIE price
decline IN nanFby May contracts was
smell with support coming thrcush
Late alternoCn prices were 40 eense
elbse. May, 34.4S; july 1895. and
October. S2.0D. = II ~ 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
OVER COUNTER

Following prices furnished BY the Ma
tional Association Of Securities Dealers
IN washington represent the range within
Which locally active securities could have
peen bought or sold at l pm, Friday,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-05
oDD-LOT TRADING

ss Hs xonK '4 s.pcT.d ,G s:y x ss.
ODD let transactions by principal deal
eTs for April 4; Purchases Of 370,2
shares; Sales OF 46I,4i0 Shares includ.
ms 1881 shares sold short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
Opinions Wanted

Tread your TEEN Briefs on
October 4 and came across an
announcement about a girl
who had a chance Of receiving
the title of Miss Teen-Age
Washington. AS / read on |
found that she lived in Mary
land and she had once rep
resented a Maryland contest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
MRS RLcKERS MAIL .,as-.- ...
Sophs Make Senior Girls Jealous

admit they are fairly light
but not as tight as some.
He says tight pants date
back to the early 1905 and
look horrible. He insists I
should wear pants with at
least a 1s-ineh cuff. I like
to dress in style and most
Of the boys wear slim pants.
/ also think / should be
allowed to pick out my own
clothes even though he pays
for them. My father and l
both would like to have your
honest opinion about this mat
ter. Thank you.
RON
The slim-legged, tightfitting
trousers are Just a current
fad, like the bellbottomed
trousers Of the 192Os-which
your father probably wore. l
don't really like the slim
trousers but il they aren't
too extreme / can see nothing
particularly wrong with them
for teen-agers.
l suggest you and Dad try
to work our a compromise.
Perhaps If you agree to buy
your dreSs-up suits and Stacks
in a more conservative style
he will agree to let you buy
slim pants for school and
ordinary wear.
Register and Tribune Syndicate
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

The disc is a happy thing
with a heavily rhythmic back
ground. It's the story Of a boy
and girl who met in a coffee
house called the Sugar Shack
and were married. The new
husband gets to feeling senti-
mental and wants to 60 back
to the Sugar Shack. The rec
ord's biggest asset is the
sound Of the Fireballs behind
Jimmy's singing.
The group has now recorded
an album e ntitle d-of all
things-"Sugar Shack" The
FireballS' first album, 'Tor-
quay" is still in circulation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

Sugar Shack" was record
ed independently by Perry
and was later purchased by
Dot-a route many recent
discs have taken to success. It
was first released last spring
and got little action from disc
jockeys across the country I'm
til D. Us In Oklahoma and
Jimmy's native Texas began
playing 1t.
The first week the record
broke, 1t appeared as No. 65
on the nations record charts.
In one week it leaped to No.
10 and a week later it was at
the top.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
TOP TUNES
Sugar Shack Is Sweet Success

Jimmy, like the three men,
bers Of the Fireballs, is In his
early 2Os. A native Of a small
town near Amarillo, Tex, he
had been singing in and
around his home town before
a manager named Norman
Perry brought him together
with the instrumental group.
The Fireballs - George
Tomsco, lead guitar, Stan
Lark, bass, and Eric Budd,
drums-are all from Ration,
N. NJ, and formed their group
while In high school. Jimmy
also Is a former band leader
and headed his own group
while in school in Texas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
TOP TUNES
By JAMES LEE
Star Special Writer

Jimmy Gilmer and the
Fireballs are a happy combi-
nation which not only pro-
duced the hit, "Sugar Shack, "
but boosted two musical ca
reers a little closer to the top.
Neither Jimmy Gilmer nor
the Fireballs possess a par
ticularly illustrious musical
history. The Fireballs came
close with a record called
''TOrquay" in 1859, but jim
my Gilmer was a long way
from the top before the two
were united on the Dot label.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
s. Teen to Teen e
STEeS us. resn-As. p ssop Tel and s.a 1870

IS BUICK ENG, Buick 10 early Ford
adsptor, 40 Ford front end. 30 and
AS Ford rear ends, 80 Ford truck
grille. 81 Ford trans. 80 Ford
trans. Model A front spindles. drums
and backing plates; IS Chew RADIO.
JU. 5-0609.
FOX KART. almost new, MOS, clutch.
starter. helmet. many extra parts;
forced to sell: trophy winner; best
offer over $3.50. SP. $500.
IS CHEVY coupe, 324-cu-- I'm. Olds,
BPS. Grower roller and kit. MALLORY
ignition: all or part. 5S5-7231.
FORD $50 Tudor, VS., Straight stick
Z, b.. SIS. LA. 9-20s7.
FORD 40 cow. Columbia 2-spsed
rear. '53 Olds engine and extra parts.
Best offer. IA. 2-O172.
2S3 POWER-PACK HEADS, excsi,
eonds $50. 266 block. SIS. call
DRUMS-complets ct LudVig. excei-
lent condition, with 3 tomtonS and
cymbals. JU. 5-9535.
FORD 81 Vie. full rscs nathsad. 3
Stromberg 97s, Hurst, needs work.
$500 or best offer. Can BOB, WE.
1-l074
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

/ would like to know bow q
girl from Maryland or Virgi-
mia gets the chance Of rep
resenting Washington, yet girls
who live right here in D. c.
aren't chosen.
Why don't these girls run
for titles in their own States?
/ would like to know how
other people feel about this.
A WASHINGTONIAN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
HosTESSES

These All Club girls
from MOntgOme cry
County have been
chosen as hOSteSses
for an open house at
4:3O pm. Sunday at
the National All Club
Foundation, Zoo Con-
n ecticut avenue,
Chevy Chase. They are
Cleft to right Kathi
Steers, LaytOnsville;
Sue Snyder, Rock
vile; Signe Gates,
West Olney Park, and
Susan Fraley, Olney.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
By DOROTHY KICKER
Dear Mrs. Kicker:

Dear Mrs. Kicker:
This problem Is not only
mine, but some Of my girl
friends, too. We are sOphO-
mOres, considered nice,
gOOd-IOOking, friendly. and
We don't shOW-OH or chase
boys. Most Of the senior
boys dislike the senior girls
for one reason or another.
The junior girls, as a
whole, are sort Of drags,
too. When the senior boys
started dating us we
thought 1t was great. They
are nice boys and we have
accepted their invitations to
senior parties and dances.
Just q few days ago we
overheard some senior girls
talking. They we're saying
some very nasty things
about us. Mrs. Kicker,
we've done nothing wrong
and we like most Of these
girls but II they don't stop
talking about rs there is
going to be an Outand-Out-
war.
We like to be active In
things at school. We help
decorate for dances, belong
to clubs, work In our school
book store and would be
willing to help both senior
girls and boys but 1t seems
we can't please everybody.
Your suggestions will be
very welcome.
"STUMPED"
Obviously the senior girls
are jealous and they will not
be the only ones to resent you
dating the boys In their class.
It will not be long before
some Of the sophomores and
juniors will get into the act,
too.
It's true, you can't please
everybody but l think It Is a
mistake for sophomore girls
to date senior boys exclusive
ly. Come next June, when
they graduate, where will you
be? My advice is to mix more
with the students from your
own class.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
YOU AND THE OPPOSITE SEX

YOU AND THE OPPOSITE SEX
Teen-aoers find the oppo-
site ser Intriguing, ngysteri-
Gus, battling and often dotDn-
right a00rdvdting. II you
tDonder Dhy they do the
things they do" Dorothy
Ricker's neDeSt free Iedtlet
tDiH be helpful. Please enclose
a stamped, selt-addressed en-
Uelope NTH your request for
you and the Opposite Ser"
Mail to Dorothy Kicker In
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
PLAY BACK
From TEEN Readers

Play Back is the column UheTe teeH-d0eS sound off
and let the DOrld kHow their opinions Just about anything
Letters to Play Back must carry Urers correct
addresses and telephone numbers. Pen nth be used
requested Al letters subject to condemnation Address
letters to TEEN, The EUeHHg Star Washington J. D. c.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

PhilliS Lappeaux already had 200 trophies
and 289 medals amaSSed from six years of ba-
ton twirling competitions Now this 17-year-
old George Marshall High senior has added
some new titles. She's the 1963-64 Senior
Champion of Virginia Baton TwirIerS and also
miss MajOrette of America, Virginia State"
In January, PhilliS will represent Virginia in
national competition in both categOrieS in st.
Paul, Mimi. Phillis lives in Falls Church.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

ings and I don't know what
to do. / am Is.
'N MESS"
The first mistake was the
boy giving you a ring Cor
anything else) after only one
date. The second mistake was
your acceptance Of the ring
although l can understand
your reluctance to hurt his
feelings. Don't make the third
mistake by keeping the ring.
To get out Of this mess l
suggest you talk to Nom
about it. She will probably
object to the ring and any
strings that 60 with it. Then
you can truthfully tell the boy
that your mother does not
want you to keep the ring,
especially if he thinks it
means you are going steady.
Out Of this conversation
with the boy you should come
to a clear understanding Of
what your relationship is to
be; casual friends, an occas-
sional date or no relationship
at all.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
Jobs Wanted
IIIIllIIIIlIIIIIIlIIIIlIIIIIIIIl

VOCALIST, experienced In groups and
eombo. Call @. K. SULLIVAN. 337-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
Help Wanted

IlIllNlHlIlllllllllllIllIl7
MUSICIANS cd guitar and bass 70
Join active Jazz dance eombo. Call
JOE. o4o-63o5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
Dear Mrs. Kicker:

DcdE WIS niCkeEs
Three weeks ago q girls
club to which l belong had
a party. l invited q boy
whom l liked very much, at
the time. l had never dated
him before but we had a
real nice time. The next day
he came over to my house
and gave me a ring. / didn't
want to refuse It because I
was afraid he would think I
didn't like him. He never
really said we were going
steady and l didn't bring Il
up either because 1 didn't
want to 60 steady but l did
want to date him. Well, my
first impression Of him has
worn off now and l want to
give the ring back because I
like someone else. I don't
want to hurt the boys feel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

care of TEEN, The EUeninc
Star, Washington 3, D. C.
Dear Mrs. Kicker:
Brad, my boy friend and /
are high school sOphOmOres.
My parents like him very
much and so does everyone
else. Mother says she trusts
us, but whenever she goes
out and / am alone at the
house she says, eff Brad
comes over, stay on the
porch" When l baby sit for
a couple in the next block
she viii not agree to let
Brad spend the evening
with me although the people
say it's OK. with them.
Mrs. Kicker, we would
never do anything wrong,
but / don't think Mother
really trusts Us even though
she says she does and / re-
sent 1t. Do you blame me?
BOBBIE.
l am sure you know as well
as / do that some young peo-
pie m is b ehave under the
circumstances in question.
However, If your mother says
she trusts you she probably
does but she doesn't want you
to become a target for neigh
borhOod gossip. In fact, If
some of your own classmates
knew you and Brad were
alone In your home or when
you baby sit, they might start
gOssiping, too.
You see, Bobbie, no matter
how well behaved you and
Brad may be, II you put your
selves in a questionable posi-
ton people will talk. My adj
vice is to do as your mother
says.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

Dear Mrs. Kicker:
1 am a high school sophie
more and my father and /
are always arguing about the
kind Of trousers I wear. /
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

FORD LOvERS-'47 Ford convertible.
with Q completely rebuilt 2a2-cu. in
Ford engine; $3.50. CALL JACK,
VIII. 2-5040 after 8 pm
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18
Life on the Campus
By LALINDA LoMOTTE
star Special Writer

Studying takes up great deal Of every college students
time does, that is the student plans staying around
long
And studying Is something one else can do for you
unfortunately. As freshman honor society puts it, whether
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

u W;.,s.5 L. Swing Time
M.,,;n g., h Iiy.He Claude Hopkin,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

IIIlIIIIIlIIIIIIIIIIIIIIIIIlIIIIIIHIIIIIIIlIIII
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-18

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Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-07-21
COrpOrateLi List
Drops, Federal
Bonds Climb

NEW YORK (AP).-Govern-
ment bonds carved out a heal
thy advance this week as the
Federal Reserve swept away the
cloud Of uncertainty that shad-
owed the market for weeks.
Analysts concluded that the
weeks spent in anticipation
Of a rise In the Federal Re-
serve discount rate had re-
suited in an adequate adjust
ment to current price levels.
Prices had fallen speedily in
the two previous weeks as the
likelihood Of Federal Reserve
action increased.
So this week, after a shaky
Wednesday session following
the actual discount rise an
nouncement late Tuesday
prices came back quickly. Gains
for the week reached 1882,
among the best Of the year.
Corporate bonds fell in ex-
tremely slow trading on the
New York Stock Exchange.
Generally, q discount rise
spreads to other interest
changes and brings lower bond
prices since the two move In
versely.