Wellsville Daily Reporter from Wellsville, New York · Page 1 Click to view larger version
February 5, 1958

Wellsville Daily Reporter from Wellsville, New York · Page 1

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Wellsville Daily Reporter i
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Wednesday, February 5, 1958
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Read Your Reporter Ads Every Night for Best Money-Saving Bargains ally Seventy-Eighth Year Allegany County's Daily Newspaper Kidnaper's Surrender Ends Hunt Hands in Air, Burton Runs Into Headquarters Saying 'Pressure Too Much' PADUCA1I, Ky. (ffi — Th'e grim four-day manhunt for kidnaper Carl E. Burton ended last night. He ran into police headquarters and surrendered bccauae "the pressure was too much." .Two policemen chased Burton as he ran, hands in the air and a fully-loaded revolver sticking in his belt. , It was a dramatic climax to one of this area's most intensive searches which beean when Burton and Harold Davis, 33, kid- naped Missouri state trooper William Little at Van Buren, Mo., Saturday night. Burton said at the police station: WELLSVILLE, NEW YORK, Wednesday Afternoon, February 5, 1958 Legislators Discuss Topic of Space , WIL H A , M KNOWLAND (R-Calif), left, and Rep. Joseph -MaSK) talk anmif Amprina'c cnana nvnetw™ t» « \irui4„ TT "I'm glad, its over. The pres- Martin (R-Mass) talk about America's space program in a White House sure was getting too much. I knew j office after Jong conference with President Eisenhower. Knowland I couldn't get away. I had to quit i said Eisenhower has ordered his science adviser to recommend wheth- I running." .Police from four states converged on this western Kentucky area when the pair, holding Little hostage, smashed through roadblocks jn Little's police cruiser. Burton and Davis, both of Redwood, Calif., fled to a remote section of McCracken County late Saturday night, holed up at a farm home and held Little and Mr. and Mrs. Calvin Shelton hostage for 24 hours. Davis cracked under the pressure and shot and wounded himself. Burton fled into the river bottomlands Sunday, leaving Little and the Sheltons unharmed. Police set up massive roadblocks within a 50-mile radius. A misunderstanding caused death of a young woman at one roadblock when her car drove through. It was not until Patrolmen Mar-, ion Shelbourne and James Arts ALBANY (ffi — Gov. Harriman, recognized Burton walking down; usually calm, cool and collected er planning for outer space activities should be left in the Pentagon or given to some new government agency. (AP Wirephoto). Harriman, Mahoney Clash Over Budget At Chamber Dinner Usually Cairn, Collected Ave Erupts Wften Challenged By Majority Leader a street here last night that the manhunt ended. The officers turned a spotlight oh Burton, ordere-' h'm to halt and started after the fugitive. 'But Burton, only a few doors from the police station, kept .going. He ran into the station and was immediately disarmed. The pistol belonged to Little. Burton .was ordered held under. $30,000 bond on a federal kidnap- ing charge and $5,000 bond on charges of interstate transportation of a stolen car. He waived preliminary hearing before U. S. Commissioner Herbert Melton Jr., in public, erupted in white-hot anger last night, in a face-to-face clash with Senate Majority Leader Walter J. Mahoney. The two, never frienas, tangled over the state's record $1,800,800,000 budget in talks at the annual dinner of the Empire State Chamber of Commerce. Mahoney. taking the- dais first, said it seemed highly appropriate to him "that on an occasion like this, his excellency should deviate slightly from the message of doom and gloom which his publicity men have sold him and an- Bribe Case Inquiry Is Underway BJNGHAMTON UPi — A grand jury's inquiry into an alleged bribery case involving police officers of two states got off to a slow start today. Dist. Ally. Louis Greenblott announced that none of the West New York, N. J., police officials accused of a bribe attempt in 1956 would appear before the Broome County grand jury. Greenblott said yesterday he had received this word from attorneys for Del. Capt. Chris Gleitsmann and Det. Sgt. Peter Policastro. The attorney for Police Commissioner Ernest J. Modarelli had made a similar announcement. The three New Jersey officials were indicted Monday by a Hudson County, N. J., grand jury on charges of misconduct In office. Gleitsmann and Modarelli also were indicted on charges of conspiracy to obstruct justice. Sgt. Edgar C. Croswell of the New York State troopers has testified in New Jersey that Gleitsmann and Policastro traveled to Broome County in 1956 on behalf of hoodlum Carmine Galente, who The Reporter Give* You Complete Details On All the Major Newt Five Cents Per Copy had been charges. arrested on traffic Croswell said Gleitsmann bffer- ed him $1.000 if he would make sure that Galente did not have to serve a jail term. Gleitsmann has denied making a bribe offer. The entire affair, he maintains, was nothing more than a joke between officers. Croswell reported that Gleits- School Board Offers Plan to Curb Crime In New York Schools NEW YORK W—The board of education, with Mayor Robert F. t Wagner's approval, has announc-1 Apalachin that was broken up by mann said he was making, the offer at the instigation of •Modarelli. Two stenographers who transcribed testimony at a New Jer- Sfi y inquiry, Eleanor Mclntosh and Allen J. Hanley, were summoned to testify before the Broome County jury today, Greenblott said. In addition, Greenblott said, the grand jury would hear Croswell State Police Inspector Robert Denman and Trooper Vincent Vasisko. The case is one more ramifica- ° the Tolls Set at Seaway Approved by Senate and was ordered held to the April! swcr a few questions on the con- 21 federal grand jury. j duct of his own off ce." The Buffalo Republican then launched into a sweeping denunciation of Harriman's administration, finally calling for a cut in the governor's budget. The usually unruffled Democratic governor then took the speak- ALBANY M— A resolution call- i er 's stand. Bristling, he challenging for St. Lawrence Seaway tolls -' ed his Republican critics general- set at a level that would pay for lv aml asked where they would the waterway in 50 yours—a com- i cul slate spending, paratively short length of time— j Woull they cut school aid, curb expansion of the State University, neglect highways or ignore problems in mental health, he asked. has won unanimous Senate approval. » • To pay for the huge project in 50 years would mean relatively meeting at . *oken up by ed a program to curb crime in f 5 0 ^ v j^ and fellow troopers last In Owego yesterday, seven so- called star witnesses of a Tioga County grand jury probe Into the Apalachin convention were-reported to have told the jury nothing. The apparently official report represented a change of attitude by one of the witnesses—John Montana, wealthy Buffalo businessman and Republican politi- tician who has claimed he merely had tea with the wife of the convention host while the meeting was under way. The New York City office of Arthur L. Reuter, acting state Investigation (commissioner, said yesterday's witnesses ail invoked the state's equivalent of the Fifth Amendment to the Tioga County jurys questions—refusing to testify lest they incriminate them- the city's schools. Every point in the program has been under public consideration before, including a key proposal that six more-special schools be opened for disturbed youngsters. While board officials made minor changes in their report bc- fore making it public, school violence flared anew yesterday. A 16-year-old white student said he was robbed of his wristwatch and 70 cents by a husky Negro boy on a third-floor stair landing of Manhattan's High School of Music and Art. In Brooklyn, a public librarian was pummeled by three Negro public school girls when the librarian accused one of using a forged book card. Meanwhile, several of the girls' boy schoolmates, also Negro, were stealing $1.50 from the library "fine" money. The librarian, a white woman, suffered cuts on the neck and high tolls. , „ „..„„,,.,„ The resolution, a p p a r e n t ly I me how" to~Te"ducV"the budgeT , spawned out of fear of lb«» ^ei-1 The governor's voice rose, he Then, turning to face Mahoney, wrist. The girl who touched off Harriman challenged: "You tell the incident was arrested as a ju- '--•--' venlle delinquent. The six proposed special schools selves. However. Tioga Dist. Atty. George Boldman said. Reuter had n ° way of knowing at the time what the witnesses had said. Boldman would not confirm the Reuter report. The jury's proceedings 91*/i -en/>*»«-»f — • ~ are secret. ,,....•„ »«„-,* _ 4i » - *.-, nv/.v....ui a TV^-V; jui5v, UK ine SIA urujjusuu aueuiai sunuuis way s effect on the port of New glared at his foe, and snapped: I would handle upwards of 1,200 hv' r wnnnhii aT**" ur *? sler . d . ay I "&" 1 running our state down. We pupils. Last week the board of by Republican Sen. Walter Van ' have a fine state." ' Pdnnntinn in its h..,ii»nt romi^t by Republican Sen. Walter Wfgferen of Herkfm.pt-, of the Joint a fine state. "One Development. exchanges education, in its budget request, asked for $500,000 for the schools. Five such schools are already in operation. The board also proposed expansion of attendance, and counseling service and said teach- if it meant tween profit and loss. Mahoney insisted the C ThTl^'S, an:, Canada ' !'°^ tals: let the ™ ds ~*° *^ are negotiating over the level of the Seaway tolls. i „..,, „,,,. „. mi* ^r «•»! *• I you comet not resolution said the Port of New York, with 430,000 jobs and 2 billion dollars in annual wages, was important to the stale's economy. C(tU M hp "rut Lowering St. Lawrence tolls, C ° Uld be CUt they said, "would amount to a subsidy to out-bf-state areas at the expense of taxpayers of New York and other states and to the detriment of eastern ports, particularly the Port of New York be- budget "It, can be cut," he said, "if the N.Y. Bridge Authority Seeks Legislation Affecting j$onds ALBANY WV-Members of the State Bridge Authority and Hudson Valley legislators will meet Monday to renew efforts to draft legislation on authority finances. The bridge agency is seeking legislation to authorize it to increase from 50 million to 70 million dollars the maximum amount of bonds it may issue. The legislators want details on how the funds will be spent. The authority also wants the Legislature to make toll policies flexible. Present law requires that rates on all bridges under the authority be uniform. The agency wants to adjust those for the Newburgh-Beacon bridge, to pay for its construction without raising other tolls. DULLES, COLP BETTER WASHINGTON W> — Secretary of State Dulles returned" to his office today after spending two days at home nursing a cold. The State Department said he caught the cold while returning last week from a trip to the Middle East. , , efficiencies and economies which the governor promised when he campaigned for office would be practiced on a day-to-day basis. "Loaded payrolls can be trimmed; wasteful functions can be eliminated; obsolete procedures can be streamlined. This executive responsibility cannot be transferred to a legislative body by handing it a 1,700-page budget on Feb. 1 and expecting a miracle in 21 days. The will to cul, an executive budget must emanate from the top and permeate every agency of state, government on a year-round basis." "These men should be asked to give a bill of particulars," Harriman replied. "There are those who, having approved expenditures over the last three years, are now attempting to frighten people with a blanket Indictment charging extravagance." ~ Senate OKs Appointment Of Miss Mary Louise Nice ALBANY M — The Senate yesterday unanimously confirmed Gov. Harriman's recess appointment of Miss Mary Louise. Nice of Tbnawanda to the State Commission Against Discrimination. Miss Nice is a former vice chairman of the Democratic State Committee, She was appointed to the $15,200-a-year job last July. reasonable disciplinary measures." The board asked New York State . to provide additional correction facilities for minors who "require removal from normal society" and it called for "immediate" consideration of what to do with children' convicted of delinquency who are returned to school on parole or probation. It was estimated that less than one per cent of the schools' regular enrollment of 950,000 makes up the hard core- of delinquent pupils. The board's program announced yesterdav made no mention of the heated dispute between the school system and a special Brooklyn grand, jury investigating violence in Brooklyn schools. Rapes and' assaults in and around school properties in Brooklyn involving both Negro and white pupils had aroused the jury, Ike Sees Tax Cut Possibility; Vanguard Has to Be Exploded New Science May Yield Way to Return from Space WASHINGTON'UPI _ A Cornell university professor says the new science of magneto-aerodynamics holds great promise in the field of rockets and satellites. In a lecture yesterday for the National Academy of Sciences, Dr. William R. Sears sa'id the new science may yield a means for the safe return of artificial satellites to the earth's surface. He also said that additional research may lead to tremendous increases in the thrust of conventional rocket motors. Magneto - aerodynamics deals with what happens.to the air when objects pass through it at extremely high speeds. Friction, compression and resulting high temperatures turn the air into a Conductor of electrcity Navy Rocket Wobbles Just After Takeoff By BEN FUNK ,'CAP<E d/V*AVERL, Fla. The Navy's second Vanguard satellite rocket roared skyward today but ended just like the first— in a fiery explosion. Sixty seconds after a beautiful takeoff at 2:33 a. m., the bullet- shaped Vanguard wobbled crazily, broke into two pieces and was destroyed by the test range safety officer. • If the flight had succeeded, the Navy would have put a tiny "moon" into orbU with the Army's Explorer, which was fired aloft Friday by the Jupiter-C missile. But the Vanguard combed only about 20,000 feet into a cold, starry sky before the safety officer, R. D. Stephens, pressed the button that blew It apart and sent it plunging toward the ocean in fiercely blazing fragments. So Soviet Russia, having launched two Sputniks, still holds a numerical lead in the race to solve the fascinating secrets of outer space. Sputnik I disintegrated Jan. 4 but Sputnik II, carrying a dead dog, still whirls silently around earth. In Washington, Dr. John P. Hagcn; director of Project Van- 1 guard, said he would try "as soon as we can" to launch another of the rockets. He would not estimate when that might be. Nor would he comment on the effect of today's failure on a schedule railing for firing a fully-instrumented, 20-inch Vanguard satellite next month. The first Vanguard rocket, fired here Dec. 6, struggled upward only , four -feet before It toppled over and was partly consumed in its own flames. A fuel line leak, causing a loss of pressure in the combustion chamber, was blamed for that spectacular mishap, which damaged U. S. prestige abroad at a time when. Russia had the only satellites in the skies. Experts had hoped that the lessons learned from the first failure would help pave the way to success on the next attempt, but officials emphasized before today's attempt that the odds against getting the Vanguard's 3'/4-pound moon Into orbit still were 1,000 to one. The slender, 72-foot rocket left the ground surely and gracefully, riding a witch's broom of lemon- colored fire straight up into the blue-black sky. Its blazing exhaust lighted the countryside and' the roar of its engines shook sleeping persons awake for tniles around. • Observers watching the blastoff from vantage points inside the test center shouted as the Vanguard began its arrow-true climb. But their cheers died in their throats when thev saw the missile incline too sharply, break up and pluuge back toward the moonlit Atlantic Ocean. One huge ball of brilliant fire seemed for a-moment to be spinning back in the general direction of the test center and an alarmed observer yelled: "Look out, it's coming our way!" But the fireball disappeared as it neared the ground. At the same time, oilier sparkling fragments were seen plummeting into the ocean two to three miles offshore. In an official announcement minutes later, the Air Force, McElroy Will Direct All Space Programs FCC Chief Summoned JOHN C. DOERFER, chairman of the Federal Communications Commission, looks over papers as he sits in witness chair before a special House subcommittee looking into regulatory agencies. He is one of .five commissioners summoned to Washington to reply to allegations of misconduct. (AP Wirephoto). Ave Seeks to Crock GOP's to Avoid Veto Of Unemployment Bill By CHARLES DUMAS ALBANY W> — Gov. Harriman will try to crack a shaky Republican front fh\ the Assembly to avoid an election-year veto of the GOP's unemployment insurance bill. Democratic strategists figure they can upset the Republican applecart by picking up only seven more GOP votes in the house. The pressure will be on. Although he wants top weekly benefits boosted from $36 to $45, Harriman is virtually committed to a third veto of the Republican measure, if it is passed. He reject•ed it twice last year because of GOP riders attached to it. At the same time, the governor realizes another veto could be embarrassing in his campaign for re-election next fall. The last time the Assembly passed the bill, at last June's special session, 15 Republicans bolted party ranks to vote with the Democrats. The party division in the house is 96-54. If, seven mom Republicans WASHINGTON UPI — President Eisenhower said today Secretary of Defense McElroy will direct all outer space programs in the Defense Department at this time. Eisenhower told his news conference the scientists who are advising him expect to work out a program of outer space developments whicfa they believe are possible, and probable. He said this program will be distinct from defense projects in the space field. The defense program will be pushed Under the direction of McElroy and his assistants, the President said. Eisenhower said that Wernher von Braun .and other scientists would be among the last to predict any timing for projects such as sending a rocket to the moon. But he said the scientists who are now working for him 'intend to rough in a program of outer space achievement. He said they are not so much interested in a time schedule as they are in organizing for space projects. The President made his news conference comments as Republican senatorial leaders lined up solidly against any hasty move to take control of satellites and space weapons programs out of the Defense Department. Sens. 'Knowlahd (R - Calif), Bridges (R-NH) and Saltonstall (R-Mass) said in separate interviews they believe any precipitate action to create a separate space agency under civilian control might interrupt vital efforts to match Russia in the race to the stars. President Eisenhower has directed Dr. James M. Killian Jr., his science adviser, to look into the matter and report to him whether the spare program should be left in the Pentagon or transferred to a new agency. A SenaterHouse conference committee dominated by Democrats skirted any final decision on the issue of civilian-vs-military control yesterday. It wrote into an Air Force construction bill compromise language allowing the secretary of defense to go ahead for a year with' development of missiles, rocket weapons systems and satellites. The terms of the compromise avoided either authorizing or prohibiting tiie establishment of the Advanced Research Projects Agency within the Defense Department to manage missiles and satellite programs. No Warmth Felt for Thieves Who Steal Church Heaters GREEN COVE SPRINGS, Fla. —Members of the Long Branch could be persuaded tot bail out,' Cnurch in rural Clay County feel f the measure would be defeated. 74-76. A Harriman aide said the recent upsurge in unemployment will be a major Democratic argument in favor of passing the governor's "simple" bill raising benefits only- Democrats tried yesterday to force that measure out of committee and onto the floor for a volp. But their motions were crushed by straight party votes in both houses. During the debate, Republicans operates the test center,. revealed they had abandoned ef- P V»nff,,nrH „,»«= »«„„„„„. I f{)rts t{J WQJ . k ^ fl compromise said the Vanguard was "successfully launched. . .but was destroyed in flight when it failed to main- Maj. Gen. Donald N. Yates, commander of- the test center, said it may be several days before there can be a full explanation of what happened to the Vanguard. and intended to send Harriman the same bill as last year. The only change would be to make the higher" benefits retroactive to last July 1, as the governor has proposed. • The Legislature's GOP leaders have their bill ticketed for action next week. no warmth for thieves who have visited their church twice. Four weeks ago the church's gas heaters were stolen. The electric heaters purchased to replace the gas heaters disappeared last night. Blizzard Swirls East Breaking into Flurries As WNY Shovels Out Motorists Cashing In on Gas Wars RAIN Western New York—Generally fair •with Increasing clouds today. Temperatures moderating: to near 35. Cloudy and mild tonight with a chance of some light wet snow or drizile. Low 25-30. Cloudy and mild tomorrow with some wet snow or rain. Hi?b near 35. Southwesterly winds 5 to US, By WALTER BREEDE Jr. NEW YORK (ffi— Budget-minded motorists are cashing - in on the biggest epidemic of gasoline price wars since World War II. It's an epidemic that stretches from New England into the Deep South—and from the Atlantic to the Pacific. There's a suburb of Boston where you can drive up to a service station and fill your tank with 20 gallons of gasoline for less than $4. The retail price — 19% cents a gallon — includes 8% cents in state and federal taxes. Normally you'd -.pay about 30 'cents. | Cut-rate bargains In gasoline are available, too, in such widely separated areas as Springfield, Mass.; Hartford, Conn.; Providence, R. I.; Norfolk, Va.; Charlotte, N. C.; Dallas, Detroit. Philadelphia, St. Louis, and along the Puget Sound, Oil company officials are worried. In localities where price war conditions are keen, major companies sell gasoline to their deal- ers at prices substantially below cost. Declares one harassed executive: "It's free competition at work, and I don't know where it's going to end." Behind the rash of price wars are two factors: a huge buildup of supply and lower than expected demand. "The general business recession is partly responsible," a New York marketing expert explains. "People are worried about layoffs and loss of overtime; they're watching their pennies. They're not driving around as much as they would if times were good." New car sales are down sharply from a year ago and this, too, has kept gasoline consumption f^qm rising as fast as in prior years. The trucking industry—a- Qther 1 big user of gasoline — has shifted into second gear. With business off in many lines, there is less freight to be moved on the highways. But big buildup in gasoline supplies—inventories at latest count totaled more than 8% billion gallons—stem in part from the refin- ing industry's massive expansion program. Since Korea, oil companies have spent billions on spanking new, super-efficient refining plants. Now they have more capacity than they can use. When a refiner finds a big surplus of gasoline on his hands he can do one of two things: curtail output or "dump" the surplus at cut-rale prices. This dumping usually involves sale of the surplus gasoline to a small independent distributor who markets the" fuel under his own brand name. Since he bought the' gasoline more cheaply than his competitors who handle .nationally, advertised brands, he can afford to sell it at a lower price. When this private buand gasoline appears on the market, competing retailers slash thtiir prices too. Major companies that supply them are then compelled to grant fat discounts from the posted wholesale price so the retailer can meet the lower price of the competing private brand without going bankrupt. And before you know it. a full-scale war is ou. BUFFALO (ffi — The season's heaviest Great Lakes storm in New York swirled eastward today breaking into scattered flurries. Behind it lay a wide area of western and central New York engaged in clearing away some of the deepest snow blankets hi years. The storm rode in on winds that reached gusts up to 50 miles an hour off Lake Erie, beginning on Monday night. It was blamed for one traffic death and a death from heart attack, that of Thomas Jackson, 68, who collapsed and died yesterday after shoveling snow at his home in Rochester. Rochester itself caught 15 inches of wind-whipped snow — the worst accumulation there in 13 years—for a total of 25 inches on the ground. More than 100 schools and many business firms were closed for the day. While main highways were all open to traffic last night, secondary roads were clogged with snow and several were blocked altogether. Rail and air transportation, badly disrupted, were 'restored to normal schedules by last night. The U. S. Weather Bureau pre- dicied a breathing spell today with generally clearing skies marred by occasional local snow Hurries. — But the bureau cautioned that a mass of Arctic air moving southeast from Manitoba threatened to collide with a warm mass moving up from the Gulf of Mexico and might precipitate another extended storm in a day or so. Administration Might Favor Cut if Business Upturn Doesn't Materialize By MAKVIN L. ARROWSMTTH WASHINGTON {ffi— President Eisenhower said today it could be the administration will recommend a tax cut If an expected business upturn falls to develop about midyear. The President—his voice very hoarse and husky because of a cold—told a news conference, however, that he still believes it is reasonable to assume business will pick up about the middle of the year. Eisenhower said he looks for the current business recession certainly to continue through this month and next. But as summer comes on, he added, there should be an upturn. A reporter asked whether the administration will be for a tax cut if the expected uptrend does not materialize. It could be, Eisenhower replied. He went on to say that reduction certainly would be a real stimulant to business. He added, however, that it would be possible to go too far in the tax cut direction. Eisenhower commented that it wasn't very long ago that the country was concerned about inflation. Eisenhower developed a cold and what the White House called a slight sore throat on his return from a weekend of golf and general relaxation at Augusta, Ga. He turned up at today's news conference looking, in the opinion of some newsmen, a bit pale and somewhat listless. At today's conference Eisen-" hower dealt with these other mat- ' tiers: Summit conference—The United States is working very hard in an wfort to make a summit conference with the Russians possible. But at that point, Eisenhower said, he sees no basis for any truly favorable conclusion on either of two podnts that U. S. Soviet relations have improved, or that the prospects for a summit meeting are better. That was in response to a question as to whether he feels the series of. letters he and Soviet Premier Bulganin have exchanged contributed to any betterment of relations. On a related point, Eisenhower said emphatically that the United States will never agree unilaterally to creation of any atom-free zone in Europe as part of a armament plan. The other free nations concerned, Eisenhower said, are 1 exposed to great danger with respect to Russia, and they must be participants in any agreement regarding establishment of a zone clear of nuclear arms. 'Doerfer — One of his lawyers has advised him. Eisenhower said, that ^members of federal regulatory commissions are entitled to accept reasonable honorariums, or fees, for such things as making speeches. Eisenhower made that remark when asked whether he thinks it proper for members of such commissions to accept such fees The questioner obviously had in mind the case of John C. Doerfer chairman of the Federal Communications Commission, whose acceptance of fees Is under investigation by a House subcommittee. Adams — Eisenhower said he .sees no basic difference between him and his chief aide. Sherman Adams, with respect to political speeches they made last Jan. 20. In his speech, Eisenhower called for leaving defense out of politics in this year's congressional election campaigns. In another speech, the same night, Adams accused the Democrats of "politicking with national defense," and said the administration was set to take on the political opposition on that issue. Niagara Mohawk Is Asking Permission to Sell Stock WASHINGTON MV-Niagara Mohawk Power Corp. of Syracyse. N. Y., has asked approval from the Securities and Exchange Commission for the public sale of 250,000 shares of Its $100 par preferred stock. The sale will be handled by an underwriting group headed by Harriman Ripley & Co. Inc. The dividend rate, offering price and underwriting terms are to be reported later. Proceeds of the financing will be used to repay 6 million dollars of short term notes, to reimburse the company's treasury, and to finance part of the company's construction program, which involves outlays of 103V4 million dollars this-year. DR. PHILIP LEHRMAN NEW YORK CD — Dr. Philip Raphael Lehrman. 62, a pioneer in psychoanalysis in this country, died yesterday. He joined the New York Psychoanalytic Institute and Society in 1921 and served as Us president in 1946 and 1947. Before that he served as assistant physician at St. Lawrence State Hog" pitul in Ogdensburg, N. Y.