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Weather ForecastCloudy and warm with scatter ed showers tonight and Sunday Cooler Sunday night.Temperatures: High 80, low 54 year ago. high 81, low 58.COME TO CHURCH TOMORROWIt'* Uw beat habit!COMPLETE LOCAL COVERAGEWinchester, Virginia, Saturday, April 23, 1935ASSOCIATED PRESS NEWS4:00 P. M. FIVE CENTSHonoredWASHINGTON CP) Kings and conquering generals have received less attention than the White House gave yesterday to Dr. Jonas E. Salk and his family as they arrived to receive from President Eisenhower the thanks of a grateful nation.Stenographers peered through doorways. Presidential aides came out of their offices for a look. Chief Aide Sherman Adams, sometimes said to be harder to reach than the President himself, came into the lobby, crouched down and had a chat with the three Salk youngsters.Then came the ceremony honoring the developer of the vaccine against the dreaded polio.In the rose garden outside the President's office, the 40 year old Salk, greying at the temples and a little stoop-shouldered, stood between President Eisenhower and a beaming Secretory of Welfare Hobby.Handsome CitationEisenhower had a handsomely got-up citation for Salk ... ‘ historic contribution to human welfare ... a benefactor of mankind.”There was another for Basil O’Connor. president of the National Foundation for Infantile ParalysisBULLETINWASHINGTON P' Starting today. investors must put up at least 70 per cent cash in buying stocks.The Federal Reserve Board lastnight boosted margin requirementsfrom 60 per cent in a move designed to check the use of credit on the rising stock market. This was the second such increase in less than four months. On Jan. 5 the board raised margin requirements from 50 to 60 per cent.The new increase was announced after the stock exchanges had ended trading for the week end.First reaction on Wall Street was a forecast that the market will probably decline when it reopens Monday, then recover a few days later. One observer said the increase is “not large enough to change the course of the market.”Increase ExpectedMany stock brokers had been expecting the increase with the rise in credit buying. Some said they had expected the new requirement to be 75 per cent.Keith Funston. president of the New York Exchange, pledged in a statement that the “new credit restriction will of course, be observed meticulously'' by the members of the exchange. He added: “we realize, of course, that the Federal Reserve Board is just as concerned as the stock exchange is with maintaining share ownership of American business on a sound credit structure.Reserve board figures show that credit in stock purchasing recently hit new highs.At the end of March, customersowed stock brokers and dealers a total of $2,652,000,000 on margin accounts. This was the highest level in the 24 years such records have been kept. On April 20 Federal Reserve member bank loans to brokers and dealers in New York and Chicago stood at $1,957.-000.000 — the biggest total since 1938 when these records began.(Continued on Page 2 Col. 4Area work, as a whole. Is about a week to ten days behind the rate of progress at this time lartyear—an aftermath of much rainy weather in March.Frederick County Agent John T Wolfe and Clarke County A-gent B. B. Gregory say farmers fell behind during the unfavorable plowing conditions last month and have still not been able to catch up with the rate of work set last spring.Pasture Growth RetartedPastures are reported green but cooler nights have slackened the growth this spring, especially in the case of blue glass. The county agents say area pastures are providing from 50 to 60 percent of the feed requirements at present and are slightly behind development at this time last year.Considerable rain an^ warmer: weather, such as has prevailed during the past few days, was given as the formula for bringing the pastures up to par.The Virginia weekly weather and crop report, prepared by the U. S Department of Agriculture in cooperation with the U.S. Weather Bureau, county agents and vocational agriculture instructors, stated that in the state as a whole, pastures are slightly ahead of last year.The report stated that in many eastern, southern and southeastern counties, livestock are securing all of their forage requirements from pastures. But most other northern counties in addition to Frederick and Clarke were experiencing cool wpather and retailed pasture growth, the report indicated.Smaller Yields SeenProspects for small grams. Including wheat, oats, barley and rye. are said to have improved slightly. The county agents saidweather conditions during the firstnaif of May will largely determine the actual yields of these crops j but indications now point to much smaller yields than the record large crops last year. ,Cool weather and damage from insects is said to have retarted the growth of alfalfa and the:By The Associated PressThunderstorms and rain hit wide areas of the midcontinent today after violent spring* stormslashed areas in Southern «*tates yesterday.Heaviest storm damage was Insections of southeast Missouri, struck bv small tornadoes which damaged buildings, uprooted trees and knocked out power lines and telephone wires. Damage estimates langed from $500,000 to $800,000. most of it in the area of Sikeston. The twister also struck Lutesville. No serious injuries were reported.Severe w ind storms also battered northeast Arkansas, with tornadic winds at Biggers. Ark . destroying four houses and damaging 12 others. Hail and rain fell in the area.The stormy weather continued during the night in section* of Texas. Oklahoma. Kansas. Missouri. Illinois and Tennessee. Thundershowers fell in the Dako-tas while some rain was reported m (southern New England.'Continued on Page 2. Col 5)
Newspaper Details
Winchester Evening Star
Winchester, Virginia, US
Sat, Apr 23, 1955
Page 1
Full Page
Clipped by
Louis R.
WI, USA 28 Mar 2018
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