The Journal Times from Racine, Wisconsin • 26

"I iff RACINE JOURNAL-TIMES 12 Wtdn.id.y, Star. 30. 1944 Business News $100 Mill ion in Foreig Cu rrency Big Troop Movement in Saigon Heightens Fears of a New Coup John H. Greening, manager Sought by U. S.

to Protect Gold WASHINGTON UP The ing will be in the currencies of product progress for the Budd Detroit, will speak Monday evening at a meeting of the Racine chapter of the American Society of Tool and Manufacturing Engineers at the Clayton House. His topic: (Continued from page 1A) political developments here. of Germany and the Nether had been linked with reports of plans for a "preventive coup" to head off any possible uprising by the young Turks. from the young officers, denying that they had given Khanh an ultimatum. But they said they "earnestly hope" the government will soon satisfy their request United States announced today that it is drawing an additional $100 million from the International Monetary Fund.

lands. There is no interest on the He was the second officer to receive walking papers. The other was Lt. Gen. Tran Thien Khiem, a member of the rul drawing but the fund levies Your a Up or Hong was a presidential The drawings, which have a service charge of on half Down?" for a purge of corrupt ele ing triumvirate and the, high of one per cent.

Mau was deputy premier for social and cul been used to conserve U. S. gold reserves, now total 200 Collegians to Dine with LB WASHINGTON UP) Some 200 college student leaders, many of them presidents of student bodies, have been invited to a buffet sup-! per and reception at the White House Saturday eve- ning with President and Mrs. Johnson. The president, a onetime Texas schoolteacher intent on demonstrating an interest in scholarship, previously honored outstanding high school students at a comparable White House party.

In its announcement Tuesday the White House did not release the names of the ments from the leading eche est ranking military officer James Hansen, foreman in The drawing is linked to a $400 million. major countries and under its' rules nations cannot make repayments in the form of dollars at the present time. In these circumstances, Canada normally would swap $50 million of her U. S. dollar holdings to this country for gold and make its repayment to the fund in gold.

In order to prevent this, the U. S. will draw currencies of Germany and the Netherlands from the fund and swap them to Canada so the Canadians can make their repayment to the fund in those lon of the military and the administration." the electrotype deparrnent of tural affairs. Reports circulated early this month that Khanh was The U. S.

draws from the $50 million repayment to the fund by Canada. Western Printing Litho The government source graphing has been in fund in currencies of other nations and then swaps them under Buddhist pressure to said the leader of the young stalled as first vice president in the country. Assigned to Embassy Thao was assigned to a post at the Vietnamese Embassy in Washington. Khiem was given an assignment in London, the nature of which was not announced. Turks, air force Commander in a manner that prevents for Dillon recently announced that U.

S. gold reserves had shown a year-to-year increase at the end of August for the of the Milwaukee Racine Nguyen Cao Ky, can count on eign government from cashing Printing House Craftsmen's support from the navy, the in their dollar holdings for Club and Charles W. Odel, marines and some airborne gold. first time since 1957. Purpose of Fund Western plant safety director, units as well as from his own Reich, Dutch Money get rid of Khiem and that the premier planned to send him on a good-will tour of Southeast Asia until feeling subsided.

Denied Ultimatum government news agency published a communique today, purportedly Khanh's office announced as treasurer. officers. Sec. of the Treasury Doug he has accepted the resigna The fund tries to maintain a balance of currencies from Khahn reportedly is at las Dillon said the latest draw- Guy LoCicero Son, tions of two political office holders, Brig. Gen.

Do Mau tempting to line up enough students who will dine with support to weather another and Nghiem Xuan Hong. Both the president. wholesale fruit and produce company, will move from its present location at 916 Erie coup attempt which some government circles expect, possibly in the near future. Fear Optimism over Economy May Lead to More Loan Defaults Khanh Orders Curfew Khanh also reportedly has Convict Himmler's ex-Assistant-of Aiding Killing of 300,000 Jews St. to 724 Racine St.

Thurs day. Federal Payroll Rose in August By Sam Dawson other financial institutions NEW YORK UP) The keep a sharp eye on it. But businesses such as proprietorships and partnerships. He says that despite some rise in put the central Vietnamese city of Qui Nhon under virtual martial law, with a round-the-clock curfew, following repeated disturbances last weekend in which the militia ads and commercials keep he also Warns of the high po inement until his trial opened July 13. the bad debt losses from such loans, the trend so far is be During the 10-week trial, telling you how easy it is to borrow.

But some of the umpires of the nation's monetary and credit systems are killed three demonstrators WASHINGTON UP) The number of civilians working for the government increased 3,543 in August to a total of 2,495,604, a Senate committee ing kept in reasonable tential for unsound extensions of credit to businessmen or consumers who overrate their future financial prospects. some of the scores of witness and wounded 14. bounds. But he urges bankers Meanwhile, Vietnamese es testified that Wolff used his office to help Jews. Oth getting uneasy about the sources reported that three He urged particular cau reported today.

Vietnamese aircraft crashed ers said he had been seen in the Warsaw ghetto with Him chance that the mounting volume of loans and mortgages might run into a double play. in various parts of the coun mler and later visiting Ausch tion in helping individuals increase their home mortgages to raise money for household equipment or vacation travel. witz and other extermination try Tuesday. None of the crashes appeared to have been to make sure of the financial health of businessmen seeking such loans. So far the rise in the number of debt defaults isn't alarming.

The montetary authorities are just sounding the note of caution to both lenders and borrowers not to get too far off base. Specifically: some bad risks camps. The monthly report of the Committee on Reduction of Non-Essential Federal Expenditures noted the Post Office Department reported the largest increase in employes among executive agencies the result of enemy action. of the Nazi murder of the Jews until after the war. Warsaw Ghetto To the charge that he helped in the deportation of 300,000 Jews from the Warsaw ghetto to extermination camps in Poland, Wolff replied that he believed they were being moved for resettlement.

At the end of the war Wolff negotiated secretly with the Americans to arrange the surrender of German forces in Italy. He was a witness at the Nuernberg trial of the top Nazi leaders. The Allies did not prosecute him. The West German government arrested him in January, 1962, and kept him in con- Thanked Rail Officials Business Debts Balderston points out an Near the south China sea are popping up because of overzealous lenders and overconfident borrowers. coast, 200 miles northeast of Documents submitted by other trend, the large growth the prosecution showed that Saigon, a plane on a training in the debt of unincorporated This unease among the with 5,131.

The Interior De Wolff thanked railroad of MUNICH, Germany UP) Former SS Gen. Karl Wolff, called the "eyes and ears" of dreaded SS boss Heinrich Himmler, was convicted today of aiding in the wartime massacre of 300,000 Jews in Poland. He was sentenced to 15 years in prison. As the verdict was announced, a spectator leaped to his feet in the gallery and shouted: "How would that scoundrel have behaved had Himmler ordered him to murder his mother?" The man was ejected. Wolff's counsel announced he would appeal on grounds that the court had convicted his client on insufficent evidence.

The court declared Wolff "helped in a crime unparal-, leded in history" but the judge had taken into consideration evidence that he had a change of heart in 1943. The court gave Wolff cerdit for the early surrender of German armies night crashed, killing two ob servers, presumably Vietnam partment led in the number ficials for running the trains of decreases with 1,577. monetary authorities is tied right now to fear that the growing optimism about business in general could lead to in which Jews had been ese, and injuring the pilot. NEW YORK STOCKS MID-DAY PRICES shipped to the camps. iwo Vietnamese were in Other departments with lesser decreases included Treasury with 648, Veterans jured in the other two Wolff had claimed he saved over-extension by both businessmen and consumers.

crashes. Abbott Lab 41 Mixed Market Edges Upward NEW YOR UP) Acme Btl 21 Johns Man Kennecott Kern CL Kroier Lib McM Admiral H'A Administration 611, and Agri culture 575. Bombing by Reds Viet Cong bombs wrecked 53'a several Jews from persecution and that Adolf Eichmann once challenged him to a duel after he scolded Eichmann for Aid Chem Foreclosures on Rise And these authorities are Aim Ch S374 t2. 66 34 16 374 38 64 27 56 15 Lockhd Alco Prod refusing to free Jews. a new central power station near Bien Hoa, 15 miles northeast of Saigon.

The power MOM Marathon OU Massey Fer Minn Mln Monsanto Alum Alcoa, Amn Air Amn Can Amn Cyan citing already increasing mortgage foreclosures and S. C. Johnson Picks Auto Wash Aide Eichmann, head of the Nazi Amn Met Mont 3 Nat Dairy 12 some growth in volume of delinquent bills. Secret Police's Jewish Affairs 30 65 'i 44 UV, Wt 45 1Tb 55 '4 72 69 35'V 1374 33. station had not gone into op eration.

Stock market averages nudged higher early this afternoon in a scrambled list. Trading was moderately Flow of Refugees to Hong Kong Is Up HONG KONG UP) The number of refugees escaping James L. Hutter Jr. of Divison, was hanged in Israel Monetary umpires are by Amn Mot Amn Smelt Armeo Stl Amn Amn Tob Anaconda, Atchison Fourteen Viet Cong guer Memphis, has been Nat Dist 27 "i Nat Oypi 43 Nat Ld 78M. NO Amn AtI 50 Nor Pac 6574 lin Math 43 utbd 1474 for his part in the Nazi ex termination program.

named real estate develop nature a cautious lot. And despite their fretting, Americans have managed the swell Beth Btl 41 nllas were reported killed Tuesday near the coast 280 miles northeast of Saigon in ment manager for Johnson Wolff's two and a half General Motors lost a frac Boeing Owens IU Borden 77 IPenney Bore Warn 4'i PeDsicola 69'. Auto Wash Wax Systems, years in confinement before Red China into Hong Kong has increased in the last few months, sources close to the government said today. ing volume of personal debt a government operation. Gov Case 21V4Penn RR 3IVa newly-organized sub his trial will be deducted from in Italy.

Life Term Sought The former Nazi officer was pale but stood ramrod straight as he heard the verdict. The CatDlr 3574 Phelns Uis uv. tion as the strike against GM moved into its sixth day while other auto stocks were ernment forces had one killed sidiary of S. C. Johnson Celanese 6iPhtl Pet 53 his term.

Cerro DP with a minimum of individual disasters. The majority doubtless will continue along 58 and 13 wounded. 76 The source described the Chrysler 63'. Son, Inc. Hutter previously was as RCA 32 Rep Stl 49 '4 Reyn 44 Rock Btd 54 Seab Pin 34 Bears 123 The Viet Cong overran a "Highest Confidant" The court said it was con Cities 8rc 73V4 increase as "limited." They a fairly prudent course.

Coca, cola ..135 post near Kontum Monday, prosecution had asked life imprisonment, the maximum said it was caused by wide Colo Till 14 vinced that Wolff had been It's the fringe risks that Shell Oil 51 Com Ed 53' Killing five defenders, wound sistant vice president responsible for mortgage loans and real estate with Holiday Inns Sinclair 46 "the eve and the ear" of steady to a little higher. Steels, retails, aerospace issues and rails were narrowly mixed. Tobaccos drifted off on balance. The trend was a shade sentence since West Germany Cont Can 4avt Corn Prod 67'4 spread flooding in the neighboring Chinese province of ing six and capturing four the authorities are worried about the ones now getting Socony (5 Sou Co 64 Southern Pao 43 Himmler. Curt 11 Deer 43V men and 20 rifles.

The Com of America, Inc. Kwangtung. Typhoon Ruby "He was Himmler's highest into trouble and the ones that Sperry 14 SO Ind (4i Douglas 21 Dow Chem 74V4 Du Pont ....271 ripped through Kwangtung munists reportedly lost 20 men, but all, were carried off confidant," Judge Mannhardt SO NJ I7 SO Ohio ...133 48 Vs 35 Eastman Frd Mtr Spencer N. Rich, president and general manager of Johnson Auto Wash, said Hutter said. higher among chemicals, oils and nonferrous metals.

in the retreat. 58 36 abandoned capital punishment in 1949. Wolff had been adjutant to Heinrich Himmler, leader of the SS, and at one time was Himmler's top liaison man with Hitler. The prosecution charged that he was a mem Sunray MC Swift Texaco Sept. 5, and unconfirmed re ports said more than 700 per sons were killed.

Oen Dyne, Oen El "He was closely familiar could if businessmen and consumers grow overconfident because the business upturn appears to them to be endless. 54 13 13 41 Oen rds Texas Bui will be based at the subsid with Hitler's and Himmler Prices were mixed in fairly Transam 81 tl 33 46 64 23 thoughts and approved of active trading on the Ameri Un Carb 128 Un Pae 43 Fear 75-Boar Fleet Lost off India Coast Oen Mts Oen Tel Ooodyesx Ot Nor Greyhound so Utd Air Las them." iary's headquarters in Grand Rapids, Mich, and will have responsibility for developing selection criteria and securing Reports last May said the flow of refugees from Red China had dwindled to less than 100 a month, compared US Oypa US Stl Figures on Mortgages The Federal Home Loan Gulf Oil Wolff, he continued, had Midland-Ross can Stock Exchange. Corporate bonds were mixed. U.S. government bonds eased.

59 40 49 ber of the Nazi brain trust which planned the extermina NEW DELHI, India UP) 13 11 31 3 31 3 been convinced of the correct War Lam Wsthse AB wsthse Bl Bank Board reports that fore A fleet of 75 fishing boats Inland Stl Int Harr Int Nick Inter Pw 64 15 tion of the Jews. Woolworth suitable locations for the Johnson Auto Wash and Wax with 1,300 a month in 1963 and 12,000 a month during ness of the Nazi race ideology which was responsible for the with about 450 men aboard closures on home mortgages have been rising. The rate Wolff pleaded innocence and claimed he did not learn is missing and feared lost mass extermination of Jews. the mass exodus in 1962. YESTERDAY per 1,000 loans advanced was stations.

The subsidiary plans to es in heavy seas in the Bay of Dow Jones Averages: 176.73 Volume: 1H pub. Sept. 30H 1.38 in the three months bengal. tablish more than 300 stations One survivor swam ashore Vocational and Adult Education Board PROCEEDINGS ended June 30, compared with 1.24 a year earlier. For a within the next four years Local Securities Tuesday night and said his boat capsized in a storm but 12-month period this brought the rate to 5.24 per 1,000 Racine, Wisconsin July 16, 1964 did not know what happened The stations will use automated equipment to perform a new wash process using special cleansing chemicals.

A spray wax will be applied loans outstanding, compared to the other boats. At a regular meeting of the Board of. Vocational, Technical and Adult Education held at The survivor said he be 10:35 a.m., Mr. Sam Rizzo, President, presided. with 4.76 for the 12 months ended June 30, 1963.

lieved his five shipmates had The following members of the Board were present: Messrs. Rizzo, Hagensick, Williams to every car washed. Chairman Joseph W. Barr drowned. Indian Air Force planes Bid Ask Jacobsen Mfg com.

...10 11 MacWhyte com 27 21 Modlne Mfg. com 34 35 Snap-On Tools, com 31 Twin Disc Clutch, com ...37 38 Wli. Elect. Power, pfd. ...77 Wis.

Elect. Power, com. ..37 21 Wis. Power Light, com. 33 34 Wis.

Pub. Service com 36 31 Rae. Byd. A cam. II 30 Western Pub.

com 34 34 Webster Electric JIH 17 Investment Finds Massachusetts Growth t.It 10.06 Mass. Investor Trust 17.31 11.13 Fidelity Fund 30.01 and Director Heigl. Messrs. Prasch and Dugger were absent. The minutes of the regular meeting of June 18, 1984, were approved as previously sub mitted.

Summary of Receipts and Expenditure for the period ending June 30, 1964 Produce of the Federal Deposit Insurance Corp. says that the increasing volume of mortgage Stocks Mixed; active trading. Bonds Mixed; treasuries gain. Cotton Generally higher; quiet. CHICAGO: Wheat Mostly lower; lack of demand.

Corn i December steady. Oats Low; demand off. Soybeans Lower; profit taking. Hogs Steady to lower, top $17.50. Cattle Steady; top $27.50.

were searching for the miss ing boats. credit outstanding and the MILWAUKEE (Pi Produce: Yer to Bl. Budget POTATOES: Washington Burbanks. 100 6 25-50: Wisconsin round nmi CHILEAN TREMOR GENERAL FUND Budget This Month Date Estimates 3 15-60; whites J. 85-90; Idahos, 100 easing of terms in many regions is cause enough for the hoisting of warning signals.

SANTIAGO, Chile UP) 5 50. An earth tremor shook CABBAGE: Wisconsin noma grown crates 1 25- -30. ONIONS: Texas medium U.S. No. 1 He proposes that next year Incorporated Investor Ill 1.61 25,294.44 Cr.

whites, SO 3 00; California, ColO' rado Jumbo yellows the Congress take a new look central Chile today but no damage or casualties were reported. Valparaiso, 90 miles to RECEIPTS General Receipts: Available Balance 1164 25.000.00 Citv School Tax 411.249.00 State Aid 58,000.00 Federal Aid 30.000.00 Tuition 12.500.00 Century Shares Trust 11.11 17.11 Affiliated Fund, Inc 1.21 10.61 Selected American Share ..10.17 11.17 50.294.44 411,249.00 180.00 15,072.50 at the entire credit situation. Reserve Board Official 58,000.00 29,820.00 Wisconsin Fund 7.54 1.24 CHICAGO GRAIN the west, reported the shock 121.00 2,572.50 Cr. was severe enough to alarm The vice chairman of the CHICAGO OP) No wheat or oats residents, ine tremor was sates, corn mo. i yellow 37; no.

a yellow 1.J7-J7V Soybeans No. 2 yellow Federal Reserve Board, C. 121.00 476,795.94 59,953.06 felt slightly in Santiago. i.u-ia: no. yellow i.ivvt-llVt.

SOYBEAN OIL: 10 26n. Canby Balderston, says the Seciiriiies quality of credit can be Total General Control 536.749.00 Other Receipts: Miscellaneous Cash Sales 2.000.00 Fees Hav 27.000.00 Evening 21.000.00 Driver Education 3.200 00 maintained at the present rate of lending if bankers and ft --v "ir; 287.30 11.943.50 7,817.85 135.00 41.93 1.400.00 3,815.08 697.32 320 63 5,215.00 26.0(1 506.00 275.00 389.55 522.42 500 00 1.712.70 15,056.50 18,182.15 3,065.00 458.07 9.684.92 4.802.68 3,500.00 Refunds Special Funds Sale of Textbooks Cafeteria Refund Cafeteria 1.400.00 13.500.00 5.500.00 3.500.00 Stocks Bonds Mutual Funds PARTY SPECIALS For Homo fart end Busiims Mettinyi "Kenny-Penny" CHICKEN Order Yours Early CARRY-OUT Ver Meulen Monument Square Bldg. 524 Main St Phone 632-2708 56,462.02 533,257.96 13.841.89 233,672.02 5,69.42 20.427.80 17.894.51 9.822.49 14,69689 7,254.60 7,37560 2.291.26 39.366.89 905 23 2.776.99 7.806 54 623.37 7.943.29 26,137.98 86,091.04 12.933.11 207.327.98 2.850.58 22.606.20 29.105.49 9.177.51 19,303.11 Total Other Recemts 82.600.00 TOTAL RECEIPTS 619,349.00 EXPENDITURES General Control 26.775 00 Instruction 441 .000 00 Auxiliary Agencies R.M0 00 Operation 43.P34.nn Maintenance 47.000.00 fixed Charges 19.000.00 Capital Outlay 34.000.00 Half CMekon stl 25 Includes Freaeh l-H Fries, Bn sad tier Hm 634-9J25 (Carry Ovtl) 9 PiwCN TOTAL EXPENDITURES 619.34900 61.713.57 316,045.02 303,303.98 Mr. Prasch arrived at 10:45 a.m. 2.25 2.75 3.95 5.25 $10.00 12 Piotw It Fitxts 24 Piextt SO Piextt Motion was made and seconded that the payrolls and lists of other expenses through June 11 JO, 1964, be approved as certified to the Board by the Director and that a request be forwarded II I Irlif to the City Comptroller to draw orders in apppropriate amounts lor the payment of these ob' ligations.

Carried unanimously. Russ's Tap 2203 DtKtwn Avtv Bet Jeascsu Frsv Motion was made, seconded and carried unanimously, that the Director be autfiorlred to purchase pieces of instructional equipment used in programs approved under Title VJII of the National uerense txiucauon aci, Mr. Prasch was called from the meeting at 11:05 a.m. Motion was made, seconded and carried unanimously, that Mr, A Harb, Wisconsin, be employed as a business education and related subjects instructor for the 1 1964-65 school year. Just tell us how much you need to pay old bills, for home improvements, car repairs, for all your seasonal expenses.

Phone now for prompt, courteous service. Motion was made, seconded and carried unanimously, that the resignation of the Guid iMllilJi ance Counselor be accepted effective August 15, 1964, and that the Director be authorized to employ another person lor this position. Motion was made, secdonded and carried unanimously, that the Director be authorized to remodel the partition between Rooms 227 and 229. Motion was made, seconded and carried unanimously, that the Director be Instructed to draw up a job description of the duties an.d "responsibilities for a full-time public information in, staff 1 The Director reported that we will have to employ two and possibly three instructors by September. This increase in stari is necessitated by increased enrollments In our post-high THEY BOTH DEMAND JIECQUNT Mr.

and Mrs. Thomas Kranjcevich sat close together like other happily married couple as they explained their trouble. Both sought the Republican nomination for state representative frpm their Seattle' district in a Sept 15 He lost to another candidate by 10 votes. His wife, Janet, trailed by another 10. Both want a recount.

'We iust shouldn't have riven the voters a choice of two FINANCI CO RATION Radii chool programs. The Director reported that Mr. Fred Wentorf has been 'assigned part-time responsibility in tie developing and supervising of M.D.T A. programs. 304 6th $trtt--Grourd Floor $37-734 1 The Director gave a brief report on the number of persona whose tuition has been paid by said Tom.

"Next time there'll, be only lh ward during tnc um-o Tbe tneeting adjourned at am. v- 1 one. AF- Wlretooto, 7, 1 Recorder.