European stocks fall as Wall Street leads retreat
European exchanges followed Wall Street lower amid pessimism over the Common Market outlook. Germany and Italy led declines while France Holland Britain and Switzerland posted softer losses as investors weighed the six nations’ 1961 joint achievements and warnings about political union plans.
MENTIONED IN THIS ARTICLE
Paris
Europe
Wall Street
France
Holland
Briteain
Switzerland
Frankfurt
Duesseldorf
Milan
New York
Germany
Volkswagen
Olivetti
West Germany
Italy
Belgium
Luxembourg
Britain
Canadians urged to make sacrifices to defend dollar
Prime Minister John Diefenbaker appealed in a 15 minute national telecast for sacrifices to defend the Canadian dollar. He outlined measures including import surcharges, reduced duty free imports, higher interest rates, reduced government spending, and foreign borrowing up to 1.05 million. He said cooperation would restore the economic way of life and cited declines in gold and US dollar reserves as the reason for action.
MENTIONED IN THIS ARTICLE
Ottawa
HTNS
Cooperaton
John Diefenbaker
U.S
Diefenbaker
Canada
Capital investment and currency stance in Canada
Diefen baker outlined a strategy to attract foreign investment while accepting sacrifices from Canadians. He noted currency weakness as a global issue some countries have overcome and suggested measures to balance the foreign exchange and budget. He predicted the dollar’s weakness would curb foreign travel but boost domestic travel and cited import tax savings as helpful. He warned Parliament should convene promptly to begin the new session.
MENTIONED IN THIS ARTICLE
Diefenbaker
Canada
Canada Accepts Emergency Measures To Stabilize Dollar
Ottawa accepts emergency steps to halt the dollar run, with mixed confidence. Diefenbaker seeks up to 1.05 billion in borrowing, a temporary import surcharge, reduced duty-free imports, and reduced government spending. Dollar strengthens briefly as investors doubt crisis remedies will address root causes.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
Estes Faces Surprise Trial In Pecos Texas
Billie Sol Estes is moved to trial in Pecos on one of eight felony theft charges tied to his mortgaged fertilizer tanks scheme. The sudden docket jump to number one followed a demand by his chief attorney John Coefer, who claims Estes has been wrongly tried before and cites political pressure from President Kennedy amid national hearings. The case proceeds after jury selection with expectations of a quick disposition, while statewide figures learn of the maneuver through press.
MENTIONED IN THIS ARTICLE
Pecos
Tex
Billie Sol Estes
Texas
Estes
John Coefer
Billie Sol
Reeves County Court
McClellan Senate
Washington
Cocfer
Kennedy
United States
Coefer
Lone Star
Johnson
Coofer
IR. B. McGowen Jr
J. H. Starley
Weil
Pecos Daily News
Frends
Cocter
Reeves County
H. D. Glover
Will Wilson
Senate McClean Investigative Committee
Abilene Reporter-News
Trajan
IICE
Rock engravings found in Brandberg Mountains South Africa
A four member team led by Elsasser from the University of California Proiences reported a curious gallery of rock carvings high in the Brandberg Mountains of southwest Africa. The engravings depict ostriches zebras jackals and rhinoceros in a rugged high altitude setting.
MENTIONED IN THIS ARTICLE
Cape Town
South Afriica
Unversity of
California
Proiences
Alsert Elsasser
C.ganic
Tocs
Africa
Berlin wall crisis eyed for talks with Soviet Union
The West proposes a Berlin level meeting among allied authorities to ease border upheavals and restore movement between sectors as Soviet strings are sought, while denouncing Communist actions at West Berlin. The notes urge a focus on facilitating person and goods transit amid the wall crisis.
MENTIONED IN THIS ARTICLE
West
Soviet Union
Berlin Wall
U.S
Britain
France
Berlin
West Berlin
Medical leader dies in Chicago at 60
Funeral services for Dr. John J. Madden, 60, neuropsychiatrist and professor of nervous and mental diseases at Loyola University Stritch School of Medicine, will be held today. He died Sunday.
MENTIONED IN THIS ARTICLE
Chicago
UPI
John J. Madden
Loyola University
Stritch School of Imedicine
Canada Crisis Warns U S On Dollar Value
Washington notes the Canadian dollar’s speculative attack signals risks to U S reserves. It warns that Kennedy must slash the balance of payments deficit and curb gold outflow to preserve dollar confidence. The piece compares Canada’s crisis to possible U S outcomes and outlines cautious deficit spending as a path to growth.
MENTIONED IN THIS ARTICLE
Washington
U.S
Kennedy
Canada
White House
Carpenter joins elite group with astronaut wings
Lt Cmdr. Scott Carpenter became the fourth person to wear NASA astronaut wings, pinned by Navy Secretary Fred Korth at a Pentagon ceremony. The others with wings are Navy Lt Cmdr. Alan B. Shepard Jr. Air Force Capt. Virgil I. Grissom and Marine Lt. Col. John H. Glenn Jr.
MENTIONED IN THIS ARTICLE
Washington
UPI
Scott Carpenter
Navy
Fred Korth
Carpenter
Pentagon
Alan B. Shepard Jr
Air Force
Virgil I. Grissom
John H. Glenn Jr
Kennedy trade bill faces new dangers in House vote
Washington reports Kennedy's key trade bill meets rising opposition as Rules Committee weighs closed rule or amendments. Debates focus on extending the Reciprocal Trade Agreements Act and political factors from Canada, Britain’s market entry, farm bill defeat, and potential cross party shifts among Republicans and Democrats.
MENTIONED IN THIS ARTICLE
Hous Rules Committee
Ways and Means Committee
Toto
Also Mentioned on This Page
Wall St
Common Market
Brussels
Union of the Six
Martin Ohlhausen
Universal Waste Co
Gerald Waring
Earl Mazo
Presden
Exsies
the Chronicle-Telegram
Loren County
Elyria
Ohio
Lorain
Admiring
Wilson
Imperos
Hernes Court
Inguin
Huredia
Neon Nestedas Rilhe
Jimmy Banks
Dallas Morning News
Bullie
Edward A. Wilson
Herald Tribune
U.S.A
Jackie Bright
American Guild of Variety Artists
Senate Rackets Committee
AGVA
Bright
Olin E. Teague
D.-Tex
House Veterans Committee
Texas Democrat
Korea
Supreme Court
Sen
Stephen M. Young
D.-Ohio
Mitchell
London
Devon County Council
Kingsbridge
England
James W. O’boyle
Utica
N. Y
Miami Seaquarium
Paul Johnson
Jackson, Miss
Joseph R. Slevin
Bank of Canada
Tary
Senoush
Great Britain
Congress
Haseen
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