Western European currency shakeup aims at freer trade
The Saturday announced currency changes in Western Europe are not yet impacting Americans. Officials expect long term effects through increased orders and higher employment for U.S. workers. Jacobsson of the IMF calls it a big step toward an effectively functioning international monetary system. The State Department sees progress toward ending trade restrictions.
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Pioneer III flight claimed safe Earth orbit at six thousand miles
Dr James A Van Allen of Iowa State University reported to the American Astronautical Society that the Army’s Pioneer III mission proves man could orbit Earth at 6000 miles with no radiation danger. Cross sections of two hazardous space doughnut zones are shown in his slide.
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Iowa State University
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American Astronautical Society
American Assn. For the Advancement of Science
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Probe on Teamster Fund Loan to Gateway Terminal
The Senate Rackets Investigating Committee weighs a public hearing on an $800,000 loan from a Teamsters pension fund to Gateway Terminal Co of Chicago, a Gateway Transportation Co subsidiary in La Crosse. The loan, approved July 8 by pension trustees, involved complex ownership and abstentions by employer members.
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Teamsters Union Pension Fund
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Associated Press
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Teamsters Union
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Des Moines Register
Clark Mollenhoff
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Woman knocked down by car driver punches victim in face
Chicago police report a 43 year old woman Mildred Ward was hit by an old sedan in an alley. The driver in his early twenties stopped briefly then punched her four times when she attempted to note the license. He then drove away.
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Chicago
Mildred Ward
Venezuela ends search for transatlantic balloon Small World
Venezuelan authorities canceled the hunt after 16 hours of scans across land and sea and ruled reports of a landing in Venezuela as a hoax. Four Britons were aboard the quilted plastic bag with a radio silent since a week ago as crews checked the Orinoco delta and Trinidad for clues.
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Venezuela
Canary Islands
West Indies
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Trinidad
Orinoco Delta
William Leach
Mother And Daughter Die At Crossing
A mother Betty Becker and her daughter Sandra Sue die when their car collides with a Chicago and North Western freight train on Jefferson County Highway XX. Three other Becker family members are seriously injured. The crash occurs near Jefferson as Wisconsin's Christmas travel toll rises.
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Sandra Sue
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Barbara
Bonnie Lee
Everette Kurth
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Washington County
Portage Family Hurt After Deep Sea Fishing Boat Explosion
Four Portage, Wisconsin residents were burned when a charter boat exploded shortly after boarding for deep sea fishing in Acapulco. Robert Allen 45 and his wife Mildred 41, their son Donald 15 and Delmore Beaver 15 sustained burns. Allen reported mild hand and foot burns while his wife and son suffered more serious injuries.
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France Devalues Franc Amid Move to Boost Common Market
France overhauls the francs value by 17.55 percent to 493.7 per dollar and introduces a heavy franc, aiming to make French goods cheaper for the six nation common market set to begin January 1. The move, part of broader convertibility steps, sparks Europe’s largest currency upheaval in a decade. The budget plan totals 6 trillion 157 billion francs with a large deficit as Rome pact aims tariff cuts and freer trade among six nations.
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Europe
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Belgium
United States
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Convertibility Of Pound Extended In Western Europe Shift
Western Europe moved to full convertibility with Britain extending sterling convertibility as France devalued the franc and several nations followed. The EMA fund and EPU successor loom, while Britain faces possible trade friction but optimism grows for global payments reform.
World Trade Tied To Pound Sterling By Peter Grose
A London dispatch explains why the British pound governs global trade and why currency stability matters worldwide. The piece notes the pound’s historical role as a universal medium, its convertibility, and how Britain’s past as a trading and industrial power helped embed sterling in international commerce.
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London
Britain
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Brick wall trail leads police to hit and run suspect
In Los Angeles police traced bricks from a demolished bar front to Bob Bailey’s garage. Bailey admitted his car appeared to nudge the wall and was booked on suspicion of misdemeanor hit and run after debris covered his vehicle.
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Los Angeles
Bob Bailey
Bailey
Traffic Death Rate Eases Up Late Saturday
A holiday traffic toll eased late Saturday though officials cautioned the homeward rush could still produce high fatalities. The National Safety Council said the final toll might avoid the 1956 record, but remained higher than preholiday estimates with more deaths possible if trends continue.
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National Safety Council
Final reminder for La Crosse Tribune magazine renewals issued
Subscribers with expiring magazines receive a third and final reminder. Thousands of renewals are being processed with preferential handling. Delayed readers should check their choices and return renewal cards promptly. New orders start January 5 in 75 Tri-State Area communities including La Crosse La Crescent and Onalaska served by Tribune carriers.
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la Crosse Tribune
Tri-State
la Crosse
la Crescent
Onalaska
Carrier Bay
Batista Shakes Army as Castro Rebels Gain Cuba Crisis
President Batista reshuffles the army to blunt a growing Castro rebellion. Officials warn of a possible bloody offensive while rebels expand around Santa Clara and Oriente. Hunger and dislocation rise as U S arms embargo claims spark smuggling of weapons to insurgents.
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Cuba
Fulgencio Batista
Fidel Castro
Ported
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By Sterling F. Green
Partment
Per Jacobsson
International Monetary Fund
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Frank Southard
Great Britain
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The
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W. Europe
By Alvin J. Steinkopf
Denmark
Norway
Sweden
Sterling Area
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Fiscal Facts OF Life
By Peter Grose
Tribune
America
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Batista
By William L. Ryan
Las Villas
Florentino Guerra
Engineers Corps
Sierra Maestra
Fomento
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