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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jul 10, 1962
Page
1
Wall Street reacted with optimism as the Federal Reserve cut margin requirements from 70 to 50 percent effective today. Analysts note past changes rarely shifted long term trends, but Gerald M. Loeb of E F Hutton predicts a quicker, stronger lift in stock prices.
Ohio Board of Education votes unanimously that public schools should not divert funds to build fallout shelters. Officials may aid civil defense after local decision and financing. Walter Beckford presented the resolution. earlier estimates suggested 50 to 266 dollars per student for sheltering costs.
A Southern School News report states five colleges desegregated for the first time this summer. Negro students joined white classmates in June at Florida State University Georgia State College University of Houston East Carolina College and Mary Washington College the women's division of the University of Virginia. Also Midway Airports last inter city passenger flight ends, Chicago.
A massive TU114, claimed as the world's largest commercial aircraft, took off from Moscow for a survey flight paving a potential direct Moscow Havana route. The test aims to assess performance and feasibility of the transatlantic service.
Easy to place classified copy service invites readers to phone LY 3 1242 before 9 00 AM to have ads in that day's paper. Create a list of items to sell and call in to watch results.
Western disarmament negotiators in Washington plan an intensive review ahead of the Geneva conference resuming July 16. They may add new arms cut ideas while keeping the U.S. proposal for staged, controlled disarmament. An atomic test ban revision could come later this year after studies on underground blast detectability. Dr. Jerome Wiesner will travel to London for talks with Sir Solly Zuckerman and other British scientists.
The ruling military junta in Seoul named Kim Hyun-chul as premier succeeding Gen. Chung Hee Park who remains head of the junta. Kim, an American educated economist and former finance minister under Syngman Rhee, had held posts as chairman of the Economic Planning Board and vice premier since June 12. Park announced the choice after a search for a suitable leader and said the move maintains stability while Park stays acting president.
Water breaks in Pomeroy hit two more lines on Main Street lowering service for residents. Meigs Water Co crews repaired breaks near Swatzel Service Station and Blackmar Buick Co as restorations were hoped by noon. Ohio motor vehicle registrations exceed four million with 4,118,613 registrations and revenue of 73,618,783 in four months.
Premier Khrushchev warned the Berlin threat grows more ominous and proposed replacing Western garrisons with mixed European and Soviet allied troops. He spoke during a World Peace Congress, claiming the USSR has better weapons and nuclear war would wipe out Western aggressors. The U S rejected the proposal.
Regina reports that a few doctors who signed on to the contested compulsory medical care plan are keeping their identities secret. Officials warn disclosure could invite reprisals and violence in their communities amid the doctors' strike.
Washington expected government crop report to show how far feed grain producers cut corn and sorghum acreages this spring under the programs to cut grain surpluses. It will provide the first official estimates of land planted to corn and sorghum and other key crops.
In Columbus a hearing began in U S District Court on Nolan of Cleveland requesting a three judge court to review the Hanna Amendment to Ohio Constitution of 1903. Nolan argues the amendment violates equal representation by giving rural counties undue weight in the General Assembly.
Jackson Mrs. Talmadge Williams about 46 was struck and killed by a northbound automobile on Ohio 75 near her home as she crossed the highway Monday night. The driver was Robert McCray 34 of Oak Hill according to highway patrolmen.
Honolulu report says the United States may detonate two more high altitude nuclear devices at Johnston Island as part of the spring and summer series. An Atomic Energy Commission official notes results from the first successful blast will guide decisions. The Christmas Island phase nears end despite a Joint Task Force 8 directive.
President Diosdado Macapagal departed Rome after a five day visit and headed to Pakistan for new talks in Islamabad.
Washington reports the government dropped a misdemeanor assault charge against Teamsters Union President James R. Hoffa due to conflicting witness accounts from Samuel Baron and six Teamsters employees at the union headquarters. Baron showed facial injuries he said resulted from the incident. Hoffa denied wrongdoing citing a clash of labor movement views.
The Atomic Energy Commission scheduled a secret underground detonation to occur today, strong enough to sear eyes of binocular observers. An above ground blast was postponed for 24 hours as winds reach 25 mph on the southern Nevada desert.
Jerry A. Powell of Racine received the Carnegie Hero Medal and $500 for saving L. M. Ferguson Jr. from a burning truck on Ohio Route 76 in Washington County on June 13 1961. Powell sprinted 159 feet through flames to reach the driver as fuel ignited around the cab.
Cape Canaveral reports Telstar satellite launched atop a Thor Delta rocket and placed in orbit after a 3:35 am lift off. NASA plans first tests tonight to gauge satellite as a relay for live TV, telephone, and radio signals between the United States and Europe.
The Senate agrees to a crucial vote on the health care for the aged bill a week from today after bargaining with Democratic Leader Mike Mansfield. A unanimous consent agreement delays final action until Wednesday or Thursday next week with limited debate.
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