Probe into Securities Hearing Opens Broad SEC Inquiry
Washington AP reports an SEC official launched the first nationwide public probe of the securities business since 1934. Philip Loomis testified that boiler room tactics have appeared in some respectable firms and urged higher brokerage standards and a minimum capital for new firms. He cited regulator limits and rising numbers of registered salesmen and branch offices, noting past abuses and new firm formations by exiting firms’ salesmen.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
Philip Loomis
SEC
Division of Trading and Exchanges
Loomis
Commission
The
Stock Exchanges
National Association of Securities Dealers
Milton Cohen
Lynes Dies Colorful Iowa GOP Leader Buster Lynes Passes
J Kendall Lynes a 22 year senate veteran and Iowa GOP figure died in his sleep at his farm home near Plainfield on a heart attack days after completing chores. Gov Erbe called his loss tragic and a great personal loss. Lynes known as Buster had been senate leader in 1961 and longtime Bremer county resident. He grew from local wrestling fame to a forceful political figure and party stalwart. Funeral arrangements drew early tributes from state leaders as the legislature mourned a powerful colleague.
MENTIONED IN THIS ARTICLE
Plainfield
Iowa
J. Kendall
Buster” Lynes
Senate
Senator Lynes
Here
Norman Erbe
Polaris Missile Test Fires Warhead Near Target
Washington report says the Polaris missile fired from the submarine Ethan Allen in the Pacific dropped its warhead within a mile of the intended target in the Operation Dominic test area. The test, described as under combat conditions, marked the first full test firing of a Polaris with its warhead and involved a first generation solid fuel missile.
MENTIONED IN THIS ARTICLE
Washington
Pacific
Ethan Allen
Navy
U.S
Atomic Energy Commission
Defense Department
Christmas Island
France reports fifth underground atomic test in Sahara
Paris authorities announced that France detonated an underground atomic device on May 1 at its Sahara testing ground. This marks the fifth nuclear explosion in France's atomic development program. The previous test occurred on April 25, 1961.
MENTIONED IN THIS ARTICLE
Paris
France
Sahara
Names Woodside To New SEC Term
President Kennedy nominated Byron Woodside Monday for a new five year term as a member of the Securities and Exchange Commission.
MENTIONED IN THIS ARTICLE
Woodside
SEC
Washington
Kennedy
Byron Woodside
Securities and Exchange Commission
Vietnamese Civil Guards Killed in Two Delta Attacks
Saigon reports 25 Vietnamese civil guards killed in two assaults by pro communist guerrillas along the Upper Ke Kong river delta. The government says 27 guerrillas died in one clash, while casualties in the second attack remain unknown.
MENTIONED IN THIS ARTICLE
Saigon
Kekong River
Archbishop Manoogian Re-elected Primate of Armenian Church
New York AP reports Archbishop Sion Manoogian was re-elected primate of the Armenian Church of America during a four day diocesan assembly held in New York City.
MENTIONED IN THIS ARTICLE
New York
Sion Manoogian
Armenian Church of America
Cedar Rapids Gazette Ad Section Chooses Clearer Type
Beginning today the Cedar Rapids Gazette adopts a new type face for classified ads market page television schedules and baseball box scores. The sharper type improves contrast on ink and paper reduces eye fatigue and makes reading easier.
MENTIONED IN THIS ARTICLE
Cedar Rapids Gazette
Symington Denies Stockpile Probe A Political Pay Dirt Charge
Sen. Symington rejects critics claim the investigation into national defense stockpile surpluses seeks political pay dirt. He notes the subcommittee probes stockpile accumulation and potential losses, while faulting witness unresponsiveness from Arthur Flemming and disputing magnifying scandal claims by Sinclair Weeks and George Humphrey. Flemming offered to aid future hearings.
MENTIONED IN THIS ARTICLE
Sen
Symington
D-Mo
National Defense
Special Armed Services
Arthur Flemming
Sinclair Weeks
Commerce
Eisenhower
Subcommittee
Weeks
George
Parliament Votes to Lift Gizenga Immunity in Secession Case
In Leopoldville the parliament voted to strip former Deputy Premier Antoine Gizenga of parliamentary immunity. The move clears the way for trial on charges tied to secessionist activities and possible violations of state unity.
MENTIONED IN THIS ARTICLE
Leopoldville
Antoine Gizenga
Mway
Gizenga
Venezuela Says No U S Aid in Revolt Sparked by Communists
The Venezuelan government asked for no assistance from the United States during last week's communist sparked uprising, according to officials.
MENTIONED IN THIS ARTICLE
Venezuela
U. S
Washington
U.S
City Council Fires Streed Over Building Dept Missteps
Cedar Rapids officials fire Streed as director of inspections by a 3 to 2 vote. Safety Commissioner Frank Bush led the action citing lack of accountability for department spending and missing oversight during Streed’s absence. Critics argued the move could trigger a broader department reform.
MENTIONED IN THIS ARTICLE
Clifford P. Streed
Cedar Rapids
Streed
Frank Bush
Bob Johnson
Don Gardner
Bush
Bosh
Steel chairman urges harmony between government and industry
Hoboken AP reporting at U S Steel annual meeting Roger Blough urged harmony between government and industry as essential for the economy. He defended price actions as market driven and warned against direct government price setting. The piece notes calls from the Chamber of Commerce president for better gov industry relations and mentions related debates on inflation, wages, and inter-American obligations.
MENTIONED IN THIS ARTICLE
Hoboken
N.J
U.S. Steel Monday
Roger Blough
U.S. Chamber of Commerce
H. Ladd Plumley
Worcester
Mass
New York Times
Steel
Blough
Stevens Institute of Technology
Kennedy
U.S
Bush
Streed
U.S. Steel
Cuba
Vene
Zuela
Emment
Encour
Caracas
Renedy
President Chamber of Commerce
Betancourt
Cor Blough
White House
Law Helpers Put Out to Pasture
Otisville New York hosts former New York City police horses retired from city duty. The 62 guests, mostly around 20, enjoy a country club like barn, free grain meals, carrots and apples, daily health checks, and a two week orientation to farm life. A social order among the horses forms with a top status and human handlers lead the entries into the barn. Knights Cherokee and Custer are noted retirees with health issues. Deputy Inspector Howard Reubner praises the retirement effort for eight hours a day service and tough city conditions.
MENTIONED IN THIS ARTICLE
Otisville
N.Y
New York City
Big City
New York
Lisbeth Kraft
City Health Department
Otisville Laboratory
Knight
The
Mounted District
Custer
Howard Reubner
Severe Weather Warning Issued for IowaRegion
The weather bureau issued a severe weather warning for Iowa predicting scattered thunderstorms with large hail and damaging winds between 2 and 8 p.m. The area extends about 60 miles on each side of a line from LeMars to Ottumwa, with the Amanas near the northern edge of the storm area.
MENTIONED IN THIS ARTICLE
Des Moines
Weather Bureau
Iowa
LeMars
Ottumwa
Amanas
Also Mentioned on This Page
Lynes
Iowa Gop
Forest City
Henry Nelson
Floyd Edgington
Sheffield
Marvin W. Smith
Paullina
Conrad Ossian
Red Oak
Robert W. Naden
Webster City
Charles E. Grassley
New Hartford
Iowa House
William L. Mooty
Grundy Center
Manchester
Irving D. Long
Bremer County
Buster
Polaris
Decorah
Karen Hess
Luther College
Margaret Jennisch
Miss Hess
Omaha
Humphrey
Treasury
Flemming
Office of Defense Mobilization
Stewart Shank
Woody Stolba
Stolba
Shank
Sees
Today's Index
Daily Record
Farm Marion
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