Rain Dampens Drought as Chanute Area Records Local Deluge
Heavy rains drenched the Chanute area last night, totaling 1.53 inches locally while nearby spots report 1.14 to 4 inches. The rain brings relief after a long dry spell and boosts crop prospects with farmers planning replanting and field work as forecasts call for more mild, clearing weather.
MENTIONED IN THIS ARTICLE
Erie
Thayer
Humboldt
Buffalo
Kimball
Chanute
the Tribune
Power study mulls interconnection options for Chanute
City commission reviews A C Kirkwood report on interconnection with KG&E or Coffeyville to cut power costs over 15 years. Findings show interconnection with KG&E economically similar to Coffeyville plan but neither option has firm final terms yet.
MENTIONED IN THIS ARTICLE
A. C. Kirkwood & Associates
Kansas City
Chanute
City Commission
Kirkwood
Tom Kirkwood
Kansas Gas & Electric Co
Coffeyville
Kg&e
Kirkwood Sion
Ikg&e
Nee Eee
Market Partially Recovers From One of Worst Falls
The stock market rose late in the day after a steep plunge not seen since 1929. Heavy trading and late tape made progress hard to gauge but signs of recovery appeared after noon with major movers like IBM up 26, American Telephone up 6.37, Du Pont up 7.50, Polaroid 4.50, Sears Roebuck 4.12, and Jersey Standard 4.62.
MENTIONED IN THIS ARTICLE
American Telephone
du Pont
Polaroid
Sears Roebuck
Jersey Standard
Market slump drives global stock selloff and fear
Traders and officials warned the market was entering a controlled economy phase as inflation fears return. Trading volume spiked while prices collapsed worldwide in Paris Zurich Frankfurt and Tokyo. The Dow Jones average dropped sharply as investors dumped stocks and the ticker tape lagged, signaling widespread panic.
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Kennedy
Perth
Australia
Transaccis Rea
Karl Mundt
R-S.d
Senate
United Five
Francis
Paris
Zurich
Frankfurt
Japan
Tass
New York
London Stock Exchange Faces Deepest Decline Since 1938
The London Stock Exchange fell sharply in a market downturn tied to the Munich crisis era, with trading delayed by more than two hours. Secretary Dillon and President Kennedy urged calm, while NYSE President Funston and the Fed signaled no panic response or immediate credit loosening. Dr. Walter Heller comments.
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London Stock Exchange
Secretary of the Treasury
Douglas Dillon
Kennedy
Keith Funston
New York Stock Exchange
Federal Reserve Board
Wall
Crash Fatal Near Hutchinson Reported
Highway patrol reports Connie Dean Moore twenty five of Hutchinson was killed in a one car crash early today west of Hutchinson on U S 50.
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Topeka
The
Highway Patrol
Connie Dean Moore
Hutchinson
U. S
Holiday Observed in Chanute Area Memorial Day
A general holiday will be observed in Chanute and the surrounding area tomorrow. City, county, state and federal offices will close and most businesses will suspend operations. No mail delivery and The Tribune will not be published. A memorial service is set for 10 a.m. at the Soldiers Monument in Elmwood Cemetery.
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Chanute
Tribune
Soldiers Monument
Elmwood Cemetery
President Kennedy Celebrates 45th Birthday at Virginia Home
Washington AP reports President Kennedy marks his 45th birthday with a private family gathering at his Virginia country place. Press secretary Salinger notes Kennedy earns about 100000 annually after taxes from his trust income, with total trust value projected around ten million dollars and a portion reinvested in government bonds.
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Washington
Kennedy
Virginia
Joseph P. Kennedy
White House
Pierre Salinger
Salinger
Resignation of Mrs. Winans as Red Cross executive secretary
Neosho County Red Cross directors accepted the resignation of Mrs. Howard Winans effective July 15 after six years in the post. A committee led by Mahlene Morley will seek her successor, with written applications now being accepted. Other resignations included Mrs. Junod production chair, Mrs. Miller Junior Red Cross chair, and Mrs. Koch Sunflower Council chair.
MENTIONED IN THIS ARTICLE
Howard Winans
Neosho County
Blood program and safety chiefs announce county events
Mrs. Walter Johnstone reports a two day blood collection June 25 to 26 with hours noon to five and 9 a.m. to 2 15 p.m. The water safety program runs the week of June 18 with life saving and life saving aide courses 9 a.m. to noon. Youth swimming in Chanute July 9 20 and Chanute youths July 23 Aug 3. Mrs. Carl Ranabargar notes first aid course completed at Southeast Kansas Tuberculosis Hospital. advanced course to be announced. Gray Ladies volunteers totaled 4 000 hours, 97 active members. Red Cross reports Junior Red Cross in county schools and donations to disaster area children fund.
MENTIONED IN THIS ARTICLE
Walter Johnstone
Carl Ranabargar
Chanute
Jack VanWickle
Kansas
Hans Harold
Don R. Abbuehl
Harold
Gray Ladies
Erie
Rosy Audit Destroyed Amid Estes Inquiry
An Agriculture Department official said a private accountant destroyed working papers after a call from Estes associates. The January 1961 net worth showed Estes at 13.7 million, supporting a bond level jump to 1 million. the auditor was Winn P. Jackson.
MENTIONED IN THIS ARTICLE
Washington (Ap
Billie Sol Estes
Estes
Agriculture de
Partment
Agriculture Department
U.S
S. R.smith
Agricultural Marketing Service
Winn P. Jackson
Texas
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