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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 26, 1962
Page
7
Stocks fell sharply as emotional selling swept the market, with the Dow dropping 38.82 to 611.88 and the AP average retreating to 224.60. Analysts blamed fear and margin calls while noting weak profits, SEC concerns, and competition fears in a period of heavy turnover.
Space officials weigh if astronaut Malcolm S Carpenter was tired confused or reflective during his 3 orbiter journey. Debriefings include John Glenn Walter Schirra Virgil Grissom and Leroy Cooper as Carpenter returns to Cape Canaveral and Boulder Colorado for welcome events.
AFL-CIO President George Meany said the merged labor movement will seriously consider a nationwide 35-hour work week with the same take-home pay. He indicated the Executive Council will debate the idea in August at the AFL-CIO convention.
New York AP report shows Oswald Jacoby ahead of Charles Goren in master points 6530 to 6510 as of Friday with tabulation pending. Goren led since 1945 but Jacoby’s surge included McKenney Trophy wins in 1959 and 1961, while Goren’s recent activity lagged.
Oklahoma State University will expel more than 30 students involved in a campus riot and hold them personally responsible for property damage. President Dr. Oliver S. Williams said names will be announced when final action is taken. seniors involved would not be allowed to graduate. Memorial Day observance closes banks on May 30.
Dr. N L Francis, president of the Kansas Medical Society, says Kansas doctors must assure senior citizens receive adequate health care. He condemns socialized medicine, endorses Kerr-Mills and premium tax credits, and urges broad coverage within free enterprise without compulsion. He notes higher social security taxes would fall on the young.
About 230 friends honored Mrs. Ethel High a retired Douglas County Republican leader at a hotel dinner. U S Rep Robert Ellsworth praised the party record in Douglas County while High led the central committee and presented an autographed picture from former President Eisenhower. Frank MacDonald sent roses from the Democratic Central Committee. High said she values the two party system and enjoyed her leadership role.
A new $2 million basic science building at KU Medical Center Kansas City will be dedicated next Friday with tours after the program. The seven-story facility doubles teaching space and consolidates all four years of medical study on one campus. The dedication coincides with the KU Medical Alumni Association spring meeting and includes a luncheon, banquet, and a $1 million fund drive update for endowed teaching positions.
Civil Aeronautics Board investigators say an explosive force of unknown origin occurred within the aft fuselage of a Continental Airlines Boeing 707, causing the plane to break up in flight. The wreckage fell near Unionville, Missouri, killing 45 aboard on a Chicago to Kansas City and Los Angeles flight. Debris was found up to 150 miles away as cabin and fuselage parts were sent for lab analysis in Washington.
KU associate professor Elden C. Tefft is converting oil clay busts of former chancellors Francis H. Snow 1890 1901 and Frank Strong 1902 1920 into bronze. He aims to finish molds this fall after two years of shaping aging and refining based on scarce photographs.
The Lawrence area may see scattered showers and thunderstorms through Sunday. Skies stay partly cloudy with hot highs in the upper 90s and humid conditions. Overnight lows near 70. Friday night’s storm activity largely missed Lawrence, unlike much of northeast Kansas.
The outlook shows scattered showers and thunderstorms through Sunday with partly cloudy skies. Tonight will be around 70 while Sunday highs reach the upper 90s.
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