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Mason City Globe Gazette: Saturday, September 20, 1958 - Page 1

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   Mason City Globe-Gazette (Newspaper) - September 20, 1958, Mason City, Iowa                                North Iowas Daily Newspaper EdiUd tec Horn BEijAZETTE WOME 1EMTION T H I N I W I F A P I R T H A T K I S ALL N O R T H I 0 W A N S N E I H I 0 R S VOL H AuocUtod Pnu MM Full LCIM Wirw Te a Cofv MASON CITY IOWA SATURDAY SffcTBMiER 20 IfSt Thli Piper ContUti oTTwo Classes onTV 200 Transfer From Schools LITTLE ROCK Ark W A television station scheduled an educational broadcast Saturday for students enrolled at Little Rocks closeddown high schools But some white pupils were call ing for regular classes even on an integrated basis Tension was high over the school closing ordered by Goy Orval E Faubus to prevent the attendanceof seven Negroes at Central High School More than 200 students have transferred out of Central Hall High and Tech High Only Hor ace Mann High School for Ne groes has had no withdrawals At allwhite Hall 130 students than onesixth of the 731 member student pulled out as of Friday Central had 75 transfers this week and Tech had one SIXTYFIVE Hall High students met at afehurch Friday and adopted a resolution pleading for the immediate reopening of their school as a public school The resolution said they feared education would suffer if Hall re mained closed andurged that classes resume even if upon re openingqualified Negro stu dents of the Hall High district may be assigned to classes in our Leaders of the group les of the resolution would be mailed to Faubus and to federal officials David Johnson Student Coun cil leader who helped arrange the meeting said he thought the resolution conveyed the feeling of most Hall High students Faubus commented on the stu Jiiight while enVfpute to Lexihgtoiv Ky to attend a fourday meeting of the Southern Governors Confer ence At Danville Ky the Governor said 65 out of 4000 students doesnt seem like very many to me ia Rebs Form Nation GMPropdsa Hi i Under Study AP Photofax OFF TO THE RACES President and Mrs Eisenhower board the destroyer and his party will view the first in a ser Mitscher en route to view the Americas ies of races between the Columbia the Cup yacht race at Newport RI Along with thousands of others the President U S entrant and the Sceptre from Britain Stock Market Zooms Despite PARIS former French colonies of Morocco and Tunisia put Premier de Gaulles govern ment into a diplomatic quandry Saturday by backing the new Al gerian rebel government in its war against France newly independent na tions flankingiFrances big North African territory d e f i e d the French warning that any country recognizing the Exile Republic of Algeria wouldbe committing an unfriendly act If De Gaulle follows up the warning by breaking5 diplomatic relations with Tunisia andMo rocco he will them as possible intermediaries inany future peace talksto end the 4 yearold Algerian fight for inde pendence FRANCE has refused up to now to negotiate with rebel leaders although President Habitf Bour guiba of Tunisia has always hoped to bring thetwo sides together for a peaceful settlement Bour guiba reportedly opposed the esr tablishment of a rebel govern ment because it would lessen the chance of talks but he had to go along with recognition to avoid darigerous criticism A break with France also could force Tunisia and Morocco to eek support and financial aid Isewhere possibly President passers United Arab Republic or even the Soviet bloc i France still has some troops in Tunisia and Morocco and contributes to their economies to AP Photofax ENROLLMENT in the four high schools totaled 3698 before the transfers started school rec ords showed Faubus wouldnt comment on reports that the Little Rock school board feared to reopen the schools asprivate and seg regated institutions Nor would he talkabout a report thathe was considering letting Horace Mann High open as an inte grated school to relieve pressure on students anxious to get back to their studies The Governor has asked the school board to voluntarily hand over all four schools to a pri vate corporation formed this week but the board has not answered his request Meanwhile 12 Negro students who quit high school at Van Buren Ark because of a wlue students anti desegregation strike were scheduled to return to classes Monday THE 12 PLANNED to return even though Federal District Judge John turned down attorney for an injunction By DONALD ROGERS New York HeraldTribune News Service NEW one onWall Street has even tried the pres sure chamber yet but the stock market intention leadership is apparently going to reach outer space before anyone else If slock prices havent gone into orbit it isnt because they havent been shot high enough or sent aloft E Miller Friday a request by their against the Van Buren school board In New Orleans students cir culated a petition saying the 69 newlyenrolled Negro students at Louisiana Stale Universitys New Orleans branch were un wanted They said nearly 1000 students more than half the to tal enrollment had signed The Weather Mason1 City Parliy cloudy with brief showers and cooler Satur day night low 4852 Partly cloudy and cooler Sunday high 7074 Iowa Considerable cloudiness Saturday occasional drizzle in south portion warmer extreme easthigh temperatures 76 to 84 Brief showers Saturday night cooler in west and cen tral portions low temperatures 48 to 56 Sunday partly cloudy and cooler fresh northerly winds high temperatures 68 Safe Peeled by Thugs at Witwer Co Thieves Friday night stole a case of rifle shells and two case of shotgun shells from the Witwei Grocer Co wholesale building 2 10th SW The door of the firms safe was peeled off but there wa nothing of value in the safe Police said the building was broken into through a skylight on the roof The criminals used a 12 foot ladder todescend to the floor of the building They left through a side door A carton of cigarettes and a smallcart were taken as well as the longrifle and 12gauge and 410 ammunition The items were in rooms of the warehouse other the office where the safe was opened A case of rifle shells con ains 10000 cartridges There are 500 shells in a case of shotgun youll par don the prejetage expression o be free of the normal pull of jravily The stock market is flirting with its alltime high This is strange only because the econo my itself has just shaken off the shacklesof recession and is only Deginning to recover Though eco nomically speaking we are on the way back we are far from the top Butnot in Wall Street here were mighty close to the top What pushed the market so high sosuddenly First is the be lief of the professional investor that the recession has indeed bottomed out and that the econo my is on its way uphill Second is the disenchantment of agreai many investors with the bone market where recent disappoint ing experiences have caused an exodus over to the securities market Third is the accumula tion of increasingly large sums from mutual funds investmen trusts and pensions MANY TOP Wall Streeters dis tressed at the sudden ascent into rarefied air are concerned not so much about the altitude as about he prospects of a rapid descent This tremendously puzzling ammunition The breakin was discovered shortly before 7 am Salurday Police had checked the building several times during the night bui had not breakin seen evidence of the Point System Author Fined for Speeding DES MOINES UP Iowa Safe ty Commissioner Russell Brown author of the point system plead ed guilty Saturday to a fivepoin speeding violation and called him Iself most embarrassed driv Police said there was a possi bility the breakin was the work of the same group who got jrom a safe at the Eagles Club in Waterloo Thursday night Sports Bulletin NEWPORT 1 U S entry in the opening America Cup yacht race the Columbia swept into an apparently un beatable quartermiie iead over Britains Sceptre 4n the first er in Iowa In a statement praising Des Moines police for slopping him Brown said I have absolutely no excuse Brown was fined in Munic ipal Court after he admitted driv ing 36 miles an hour in a 25 mph zone in Des Moines about p m Friday He was nabbed by a police radar crew The offense occurred on Merkland Way a short diagonal oneway street be tween Hickmar Road and Frank lin As soon as the routine tran Minnesota Fair and cooler High Sunday near 70 NEW ATTACK script is sent from Municipal Court to the Slate Motor Vehicle Registration Division the five point offense will go on Browns stock des ined to see some reaction before too long Some experts think th market is ripe for a selloff The can be wrong Yet its a puzzling market I the first six months ofthe yea when business hitting th skids and many companies were publishing nothing but red fig ures the market bulled right along Among industry groups chemi cal products companies reported earnings down 32 per cent from last Automobile parts man ufacturers watched their net prof its slide 52 per cent while mining and quarrying companies showed an earnings decline averaging 41 per cent IN SPITE OF THIS the indus trial average kept climbing steadily through this period of woeful earnings reports In late September of 1957 the industrials sold off sharply a drop of 17 points in the average in two days It was the selloff that signalled the recent reces sion Throughout this year the market in general has displayed a steady rise leading some ana lysts to predict a correction Signs of tightening credit help to enforce the belief of Wall Streeters who see a dip ahead in market prices Last week for ex ample big banks began boosting their prime rates from 314 per cent to 4 per cent EARLY IN 1958 a number of big traders took positions in com mon stocks and today as well as in the coming weeks they are in a position to sell and take long term capital gains If the analysts predicting a sell off prove to be wrong the two main factors which will work against them are brighter busi ness prospects and the spectre of inflation More money is coming into the market through pension funds and other sources Many of the money managers envisage invest ment in common stocks as thei best hedge against inflation Thus two sets of forces will b set into action in the weeks ant months ahead One is bearish anc the other is bullish The bearishness where it ex ists applies to the nearterm market There is virtually no body on Wall Street who map ping out the longterm market outlook expects anything but a rise in stock pi ices nizethe Algerian governmen afler it was i proclaimed Frida iii Calro The new i Republic o Iraq the kingdom of Libya am Yemen followed within hours HEAP BIG TEARS Little Bunny 2 grandson of famous Chief Thundercloud nardlyv resembles a brave Indian ashe cries after being denied biggerarid brigM er f elathers for his headgear Theboy travelirig a rodeo troupe now appearing at Rochester NY Deadline for Strike Set FEOM OUR WIRE SERVICES DETROIT General Motdrs under a Sept 30 strike deadline Saturday differed the UnitedAuto Workers a for a threeyear agreement The basic terms of the proposed agreement were simiiar to those of settlementreached between the UAW and Ford Wednesday The proposal which GM said would mean substantial vecoribmic progress and security to m or e than 250000 employes contained 19 specific improvements in pay nd benefit plans for employes epresented by the union It would become as of ept 1 if agreemeent is reached n alt inatiohaland local issues by ct 1 a GM spokesman said le new proposal is renewal of tie wage under whiclv employes would receive three an nual pay at least 2i cents per hqurvxmrmg TUNISIA AND MOROCCO a ready have teamed up with the Algerian rebels in laying the groundwork to unite the western partof North the a permanent sec retariat and consultative assem bly With establishment of a formal government for Algeria thethree nations might now put their Mag hreb idea to work De Gaulle meanwhile was ac claimed by thousands on a poli tical swing throughBrittany but police and soldiers guarded against possible Algerian nation alist attacks Stumping in support of his new constitution which comes up for a vote Sept 28 De Gaulle was outwardly unperturbed and at one point lefthis party in Rennes to shake hands with crowds lining the streets Nevertheless beefed up police forces were spotted al along the route At Bordeaux next stop on De Gauges flying week end trip police were spotted every 25 yards along his proposed route to By CHUCK WALK r GlobeGazette Farm Editor AUSTIN Minn 12th annual National Barrow Show is historyand once again lowans were in the forefront to receive honors Led Owen Olson a farmer near Newhall whose 210pound Yorkshire wasnamed grand barrow Iowa farmers fin ished at orhear the top in every division Olsons barrow was bought by Georgie Hormel Austin for That means that Olson animal Hormel is a member of the meat packing family and operates a hotel at Austin Jacob E Decker and Sons Mason City purchased the reserve grand champion for 60 cents a pound The animal was shown by Dean Snyder Good Hope 111 TOP NORTH IOWA WINNER was Calvin Brown who farms eightmiles southeast of Northwood He showed the crossbred car load champions His 10 pigs won over 14 other entries from Iowa Minnesota and Nebraska This isthe first year that Brown entered the show In thecarcass contest Darwin Neihaus Greene had place winner in a field of 20 His Spotted Poland China was only 28 points from the top carcass showed by A Ruben Edwards Middletown Mo Milo Wolrab Mount Vernon had the grand champion truck load as his Berkshires won over Oscar WAnderson and Sons Le land 111 Iowa farmers took three of the first four places THE CHAMPION barrow of the Landrace class was shown by MaKeTa Farm Ames They also had the champion and reserve champion boar of that class Don BALLOONIST DIES NEW YORK Frank Ste vens 85 businessman and pio neer parachute jumper and bal loonist in 1890s died Friday after a long illness increase costpffliving allowances to corrtpensate ffpr increases in cost ofliving which have place in the last four months since the old contractexpired Other features which paralleled theFord agreement were an offer of an additional 8centanhOur in crease for skilled trade severance benefits and improve mentsin the supplemental ploy ment plan pension plan and insurance program UAW REACTION to the new offer was not immediately avail butunionsources had indi cated they would not be satisfied with just a carbon copy of the Ford contract at either GM or Chrysler UAW executiveboard au thorized strikes at both General Motors and Chrysler during a fivehour meeting Friday night in an effort to speed up contract talks UAW President Walter P Reu ther made it plain the UAW would not accept at GM or Chrys ler carbon copies of the Ford contract The UAW chief also said that ifthe union should get gains at Chrysler or GM overand above those obtained from Ford it would not go back to Ford and ask for further concessions We made a contract with Ford and well slick by its terms he said NAMED TO OFFICE HAVANA W Cuban rebels drivers record just like any ofherj DES R Jack GlobeGazctte weather data upiSaturday said two of their armerilmolorisL he said json has been named Iowa deputy T r jcohimns spreading out from Lssi summer Iowa Ally superintendent of banking repiac crossbred carload champions at the iSauonal UarTOW 77 iFidel Castros strojnghold L Erbe was asscssedling Ed B Wilkinson who left for Show at Austin Minn The pigs are a HampshireDuvoc Koch Latimer had the fourth and seventh place individual bar rows In the Poland China division Floyd Friedow and Sons Kana wha had the reserve champion boar and Dennis Huinker De corah had the reserve champion gilt Friedow also had the cham pion senior spring barrow and placed third in the individual bar row class IN THE SPOTTED Poland China class Bill Hemm Chapin had the fifth place individual bar row and also had the second place junior spring boar The Hampshire champion boar owned by Lettow Brothers Alden brought the second highest price ever paid for a boar at the show The pig was bought by Cedar Point Farm Easton Md for The highest price Was paid in for a Hampshire in 1955 in j CROSSBRED CHAMPS Calvin Brown a farmer j eight miles southeast of Northwood and his son Jerry stand with their truckioad of that were named Injuries Fatal to Boy 4 NORTHWOOD Robert Clair Hollatr 4 who was injured in a tractor accident here Friday died at midnight at a Mason City Hos pital He was the son of Mr and Mrs Everett E Hollatz living on a farm on Highway 65 at the south edge of town Funeral rites are pending at the Bakke Funeral Home North wood to 8 a m Saturday Maximum Minimum At S a m ai 59 have penetrated into Las Villasifour points for a traffic violation Province in central Cuba in Boone County a banking position at Park Ridge Poland ChinaHampshire cross and weighed an aver Ill REPORT AWAiTED STANTON pathologists report was awaited Saturday in the death of Rea Lafiin 45 an electrician whose body was found hanging from his safely age of pounds each bell Friday on a pole in a farm yard southeast of hors SAME means tamo la i ii konrs   

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