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Monroe News Star in Monroe, Louisiana

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This newspaper page contains 24 articles. Subscribers can read the full text of each article.

Newspaper

Monroe News Star

Location

Monroe, Louisiana, United States of America

Date

May 29, 1962

Page

1

Bus Assailant Shot To Death By Policemen

In Chicago a Greyhound bus passenger who attacked the driver and two others with a knife was fatally shot by police after refusing to drop the weapon. Milo Savo Brekich, 27, of San Francisco, threatened all 40 aboard. Two victims were hospitalized for shock. others escaped serious injury as officers stopped the bus in an emergency strip and ordered Brekich to surrender.

Chicago Greyhound Milo Savo Brekich San Francisco Arthur McCauslin Ross Moran Brekich Wilfred Doss Addison Ill William Kokko Negaunee Mich Marine Pfc Richard Williams Santa Ana Calif Doss Williams Donald Valencourt Spring Lake

Chamber Chief Blames Kennedy For Stock Drop

H Ladd Plumley president of the U S Chamber of Commerce blamed the stock market plunge on two factors a dimming of profit expectations and President Kennedy s quashing of the steel price increase In a National Press Club prepared speech Plumley warned against government intervention in steel pricing saying it risks administered prices and curbs the free market He predicted such action would not recur but if it did it would cripple the party in the next election He said his view does not diminish his respect for the President s right to speak on national issues the sell off does not reflect poor current business conditions or fear of a near term reversal of expansion

Washington H. Ladd Plumley U.S. Chamber of Commerce White House Plumley Kennedy National Press Club Chamber Miller American Telephone and Telegraph Clifford Mize Merrill Lynch Monroe Mize U. S

Middleton in very good condition after heart attack

Troy Middleton, president emeritus of LSU, remained in very good condition in a Baton Rouge hospital after a heart attack. He canceled a commencement address at McNeese State College, with LSU executive VP Nathaniel Caffee set to speak. Middleton, 72, is known for his World War II leadership at Bastogne during the Battle of the Bulge.

Investors Watchful At Merrill Lynch Office In Monroe

Investors crowded the Merrill Lynch office in Monroe as stocks plunged to the worst loss since 1929. Ticker delays and mixed quotes spurred caution, with veteran adviser Clifford Mize urging patience and potential rally before selling. The scene reflected a wary market and debates on government actions and steel price tensions.

Merrill, Lynch, Pierce, Fenner and Smith, Inc Monroe Wall Street George Miller Stock Exchange New York City

Special graduation movie parties scheduled at Paramount Theatre

A series of senior movie graduations hosted by Paramount Theatre will feature James Stewart in Mr Hobbs Takes a Vacation. Neville High School hosts tonight, West Monroe on Wednesday, and Ouachita Parish High Friday. The film will not be released to the general public until mid July.

Paramount Theatre James Stewart Mr. Hobbs Neville High School West Monroe Ouachita Parish High School

Today’s Chuckle on the Work Week Jibe

A light column jokes about changing the work week, noting some people think reform is overdone while others argue for adjustments. The tone is humorous and opinionated, poking fun at both sides of the debate.

Election Call Delayed Over Ward 10 Board Seat

The Ouachita Parish Democratic Committee delays the election call awaiting a ruling on Ward 10 representation. Committee Chairman Burt Sperry said Superintendent W. W. Ward is in Baton Rouge to decide if Ward 10 may join the July 28 school board race. The committee plans to meet by Wednesday. candidates have seven days to qualify. Ward 10 seats depend on police jurymen, currently three delegates, with Sperry noting no extra seat may be added until Ward 10’s status changes. Fred Fudickar Jr. is referenced on the election page.

Ouachita Parish Parish Democratic Executive Committee Burt Sperry W. W., Ward Baton Rouge Sperry Ward Fred Fudickar Jr

Mutual Funds Lead Stock Purchases Amid Market Selloff

New York reports mutual funds as major buyers of stocks shed by jittery investors. Funds say they are selective buyers in a plunging market and that fixed payment plans remain steady. Supporters say mutual funds can provide funds to halt a selling panic by sustaining investments.

New York UPI Mutual Fund

Wylie Elected To West Monroe Council After Six Years

George F. Wylie, new West Monroe alderman, speaks of the honor and duty of public office. A Prescott Arkansas native, he moved to organize the local Chamber of Commerce and now serves as assistant vice president at First National Bank of West Monroe. He cites twelve years in civic work and plans to apply his experience to city needs.

Mary Ann Corpin George F. Wylie West Monroe Wylie Prescott Ark Chamber of Commerce Chamber of Com WMCC First National Bank of Louisiana Bank

Twin Cities Delegates In Baton Rouge

Delegates from Twin Cities converge on Baton Rouge to fight bills affecting municipalities and parish government. West Monroe Chamber seeks restorement of 300000 dollars for the Retarded Children center at Selman Field. Senator Adcock backs the request, calling the prior omission ill advised. Sheriff Grant opposes a bill to tax twice yearly. Hearing postponed.

Baton Rouge Twin City Capitol Children’s Center Selman Field West Monroe Adcock Eugene Scott Chamber Bailey Grant Ouachita Parish Wendell Harris Grant Twin Cities

Hodges Urges Quick Tax Overhaul to Bolster Confidence

Secretary of Commerce Hodges urged rapid action to counter stock market slump with a tax overhaul and early depreciation schedule revisions. He called for piecemeal announcements as details become available, following a White House meeting on market conditions.

The Treasury Secretary of the Treasury Douglas Dillon Hodges Department White House

Weather relief and showers reduce heat today

Windy Whiffandbiff received heat relief with a few drops of rainfall as a forecast calls for partly cloudy skies through Wednesday. Scattered thunderstorms are possible with highs near 90 and a low around 66 tonight.

Collinston Woman and Daughter Die in W. Greenwood Crash

Mrs. Annabelle Sanders, 17, of Collinston Louisiana remained in critical condition after a head on collision on a highway bypass west of Greenwood. Her mother Mrs. Franklin Nobles, 62, and sister Nancy Nobles, 20, of Wichita Kansas, were killed in the crash.

Greenwood Miss Annabelle Sanders Collinston Franklin Nobles Nancy Nobles Wichita Kan

Budget Hearing Opens to Budget Resistance in Baton Rouge

In Baton Rouge Rep. Bryan Lehmann opened the first hearing on Gov. Jimmie H. Davis's $785 million budget as both houses recess until Tuesday. The administration faces pressure for school and college funding while a $15 million general reduction is reviewed. Nine state college presidents protest proposed appropriations amid planned conferences with subcommittees. Northeast Louisiana State College gains about $8,000 in its modest rise.

Baton Rouge Bryan Lehmann Jimmie H. Davis Lehmann Norco Davis George T. Walker Northeast Louisiana State College Monroe Northeast

Louisiana Tech President Front Runner Named

Louisiana College Dean F. J. Taylor emerged as the frontrunner for the Louisiana Tech presidency in Pineville. An official announcement was expected later today, with State Education President William J. Dodd noting retiring Tech president R L. Rop and an education board committee reviewing 15 to 20 candidates, including two outsiders.

F. J. Taylor Louisiana College Pineville Louisiana Tech News-Star

Louisiana Polytechnic Inst. taps Dr F Jay Taylor as president

Baton Rouge AP reports the Louisiana Board of Education selected Dr F Jay Taylor to lead Louisiana Polytechnic Institute in Ruston as its new president. The decision follows official endorsement and marks a leadership change at the Ruston campus.

Baton Rouge State Board of Education F. Jay Taylor Louisiana Polytechnic Institute Ruston

Gibsland Native Dean Taylor Tied to State Board Vote

Dean Taylor of Gibsland declined comment on rumors he was chosen by the state board. He said none of the members have been contacted and no vote is yet under way. Unofficial Chesapeake word tied him to the post circulated through Louisiana. Taylor is a Gibsland High School graduate who attended Louisiana Tech in 1940 41 and later served as a Naval aviator in World War II.

Dean Taylor Gibsland State Board Taylor Alexandria Louisiana Gibsland High School Louisiana Tech

Terminal Tower Stands Tall in Cleveland at 708 Feet

The tallest building outside New York City is Terminal Tower in Cleveland, rising 708 feet. This landmark edged out competitors to hold the title of region’s loftiest structure.

New York City Terminal Tower Cleveland

No Opposition In Sterlington For Officials

Sterlington faces a no opposition town election on June 12 as no candidate filed against Mayor Calvin B. Folds and Aldermen C. G. Drennan A. T. Ward Jr. J. B. Johnston Jr. Mrs. Bill Jordan and O. K. Bailey. Filing deadline was April 30. Officials appointed at incorporation in 1961 will automatically take office for four years starting July 1. The council meets Monday night June 11 with about 1,000 residents in the city.

Sterlington Jimmie H. Davis Wade C. Martin Calvin B. Folds C. G., Drennan A. T. Ward Jr J. B. Johnston Bill Jordan O. K. Bailey

London Stock Exchange Sees Wide Selloff Amid Shakeout

London was hit by a broad selling wave as Wall Street turbulence rippled across markets. Prices fell sharply with millions of pounds wiped off in rapid declines, with low-yield blue chips suffering most as investors fled.

London Wall Street London Stock Exchange

Worst since Munich crisis London shares dive on global selloff

The London Stock Exchange endured its steepest fall since the 1938 Munich crisis as Wall Street drops echoed across Paris, Zurich, Frankfurt, and Tokyo. Major names like Unilever and Phillips lamps slumped about 1.40 and 10 shillings, with the Financial Times index down 13.4 points to 265.9. Bargain hunting briefly steadied the market, but selling resumed at noon.

London London Stock Exchange Munich Wall Street Paris Zurich Frankfurt Europe Japan Unilever Phillips Ford Labor Switzerland West Germany Financial Times London Exchange

Market Rally Fades In New York Stock Slump

Faint signs of a rally appeared as emotion-packed selling continued to push prices downward. Trading volume surged to 3.75 million shares in two hours with the Dow Jones average down 13.69 and the 60-stock average off 5.10 at noon. Large losses hit Ford, Woolworth, Eastman Kodak and Du Pont while buyers showed strength in American Telephone, Jersey Standard and Boeing. Government officials urged action to restore confidence as details of tax reform and depreciation revisions were proposed.

New York Paris Zurich Frankfurt Japan Tass Revolucion New York Stock Exchange Associated Press Woolworth Eastman Kodak du Pont U.S. Steel Reynolds Tobacco Luther Hodges Washington Treasury Douglas Dillon Kennedy

FBI Probes Concordia Bank Ferriday Branch Shortage

The FBI opened an investigation at the Ferriday Branch of The Concordia Bank and Trust Co to determine possible violations of the Federal Reserve Act. No charges have been filed, and the amount of the suspected shortage is not yet known. If the probe yields actionable information, it will be referred to U.S. attorneys.

New Orleans Federal Bureau Concordia Bank and Trust Co FBI U. S

Wisner Named Cleanest City in District Contest

Wisner won the Fifth Congressional District Cleanest City Contest with Ruston second, Ferriday third, and Winnsboro fourth. Judges praised Wisner for grooming and a community-wide cleanup effort led by Mrs. E. Asa Kiper, chairman, with support from the Wisner Garden Club and the Daffodil Garden Club.

Wisner Franklin Parish Ruston Ferriday Winnsboro E. Asa Kiper Wisner Garden Club Daffodil Garden Club

Also Mentioned on This Page

Middleton Merrill, Lynch Mutual Funds Earl Duncan Merce Office George E, Wylie Howard Sheriff Grant Frank Cormier Secretary of Commerce Luther H. Hodges Loouubdy Sam Hanna Tech Hal R. Cooper Concordia Bank Ferriday
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