Logansport Pharos-Tribune from Logansport, Indiana on December 24, 1961 · Page 20
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Logansport Pharos-Tribune from Logansport, Indiana · Page 20

Logansport, Indiana
Issue Date:
Sunday, December 24, 1961
Page 20
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PAGE TWENTY THE PHAROS.TMBUNE and LOGANSPORT PRESS, LOGANSPORT, INDIANA SUNDAY, DECEMBER H, 1961 Stocks Take Worst Losses YORK (AP) - The stock market last 'week took its worst loss in five months as volume slackened. The market retreated despite the continuation of good news about the economy and a generally optimistic outlook for business in 1962 and for the stock market at least in the early part of '62. As traders went home for a long Christmas weekend — the market will be closed for the holiday on Monday — the level of stock prices as measured by The Associated Press average had slipped to ' its lowest since "Nov. 2. That was just prior to the time that the market rallied in a brisk climb to new highs, inspired largely by the decision of General Motors to declare an extra 50-cent dividend. The decline this week was the fifth straight weekly drop but the previous ones were so slight and irregular as to qualify for the term of "consolidation" applied by some stock analysts. The Associated Press average of 60 stocks fell 5.10 to 259.50, its sharpest decline since the week ended June .17 when it lost 5.70.' The Dow Jones industrial average lost 8.53 at 720.87. Softening the impact of the loss was the dwindling of volume to 17,716,070 shares from 21,990,435 the week before. It was the smallest turnover since the week ended Oct. 28 when 16,990,950 shares changed hands. Wall streeters ascribed the week's losses mainly to profit taking. It was accelerated by the Friday deadline on selling the "regular way" (four-day delivery) in order for the profits to appear on 1961 income tax 'returns. Selling for entering profits in '61 tax returns can continue next week but only on such specially arranged transactions as for "cash" and . "next-day" delivery, which involve a premium payment. Despite the slackening of volume during the week, total transactions on the New York Stock Exchange for the year passed the MONTGOMERY WARD billion-share level for the first time since 1929 and the year was certain to end as the .greatest trading year since 1929. It would be virtually impossible to match that year's volume at this late date. • •'• Steels declined early in the week despite the fact that new orders for the metal were reported.the heaviest since after the 1959 strike. Other news was good. Industrial production for November was reported a record and the scheduled for December pointed to a further rise. Personal income was at a record in November and sales that month of durable goods were 3 per cent above the'prior month. Price increases 'were reported for construction equipment and home hearing oil. Department store sales in the latest week were a record for any six- day shopping period. .Still the market declined. -Utilities were hit hard late in the week as some Wall .Street houses advised taking profits in this group, which has had a splendid rise this year. A preholiday stillness crept over the bond markets during the week. .Prices changed only narrowly and trading moved at a snail's pace. U.S. government bonds finished mixed after three weekly losses while corporates traded on -the New York Stock Exchange fell for the fourth straight week. Corporates traded fell to $30,642,000 par value from $35,495,000 the previous week. 512 North Phone 4193 LOGANSPORT AUTO SERVICE SPECIAL Tues.-Wed.-Thurs. DK. 26-27-33 BRAKE RELINING SPECIAL Ford, Plymouth, Chevrolet GUARANTEED 25,000 MILES Reline 4 wheels with bonded jhoej, repack front bearing*, bleed, refill master cylinder, hydraulic lines. Inspect drums. PACK FRONT WHEELS ..1.50 BRAKE ADJUSTMENT Winamac Man Fined In Local JP Court James Clark, 24, of Winamac, was fined $25 and costs by Justice of the Peace Don Freehafer Saturday morning and his' drivers license was suspended for one- year after he had been charged with driving under the influence by state police at 11 p.m. Friday. Clark was charged after his automobile had crashed into the rear of a two-ton truck driven by Eichard- Walker, 20, of rural route 1, LarwiU, six miles north of Logansport on U. S. 35. • Clark said he attempted to pass the truck but because of an oncoming car, applied his brakes in an effort to turn back into lis own traffic lane, and in so doing, skidded on the snowy highway into the rear of the truck. The truck was not damaged and there were no injuries. Investigating the accident were State Troopers Richard Keyes and Glen Hosier and Deputy Sheriff Robert Kiesling. Bodies Of Three Red Cross Men Found Buried In Katanga Graves By JOHN LATZ ELISABETHVILLE, Katanga (AP)—The bodies of three International Red Cross representatives missing for 10 days were found buried in shallow graves Saturday. THIS KC-135 COMBAT CREW and their families enjoyed an early Christmas dinner at Bunker Hill AFB yesterday before the crew reported for 168 hours of continuous duty in the base's alert center. Members of the families are.(left to right): Capt. James E. Sizemore, aircraft commander; 2nd Lt. Thomas D'. Wisner, navigator; and S-Sgt. Ernest Johnson, boom operator. Front row, Rebecca Sizemore, 6; Jeff Sizemore, 3; Mrs. Sizemore, Mrs. Wisner, Creni Johnson, 3; Mrs. Johnson, Frederick Johnson, 7; Margaret Johnson, 12, and Ernest Johnson, 10. S-Sgt. Johnson also reenlisted just before the family get - together. (Official USAF Photo) Bunker Hill Alert Force On Duty "Your Private Secretary" Florence Doggy Offset Printing - Typing Mimeographing • Photo Copy 129 Fourth SL Phone 3381 r RQQflN6 -SIDING ROSS REID POM OVtR 21 YEARS FRfE ESTIMATES PHONE 3383 BUNKER HILL AIR FORCE BASE — For most Americans, Christmas will be marked with the usual trappings of eggnog, carols, decorated tree, presents -:for the kids, and a visit to church. For another group of Americans, however, Christ's birth will be observed with flight plans, check lists, and a thermos-jug of coffee. The latter group are the members of Bunker Hill AFB's alert force, which maintains a state of readiness 24 hours a day, 365 days a ear. For the fourth consecutive year, Christmas morning will find these airmen along with others on the job at 80 bases around the globe, close to their planes, or hunched over their missile consoles, ready to react within minutes of any warning from the Ballistic Missile Early Warning System of an attack on this nation. They live in launch control centers or in special barracks within a few yards of their primed and loaded bombers and tankers. In the spirit of Christmas, a sparkling tree may have a prominent spot in their otherwise lonely alert rooms. All the outward signs of the holiday season will be apparent—yet there is that ever-present sense of,the threat that overshadows even Christmas. It is difficult to leel the Yule- ide spirit while wearing a green BETTER HEARING HAPPIER LIVING WHY NOT LET BELTCNE HELP YOU? FRED R.WIGGINS flight suit, heavy black boots, a revolver, and a knife. Especially so when the laughing children and loved ones are not there. Yet this will be Christmas for alert crewmen on Strategic Air Command bases throughout the United States, England, Spain and North Africa. With other SAC bases in the Pacific and the Arctic Circle, they form a ring of long range bombers and missiles around the enemy. Wherever they are, Christmas this year will mean checking and rechecking each item of equipment and each part of their aircraft and missiles. Instead of opening presents they will be studying route maps and radar photos of their assigned targets- targets they must destroy if war starts. On' guard will be a group of SACmen whose races, creeds, and religions may vary. From the lowest ranking airman who will be standing guard on the flight line that day, to the general officer who will command the airborne command post.-there is a common bond: the quest for genuine peace. The command's first 24-hour-a- day alert system began on Oce. 1, 1957, when it became apparent that SAC must be able to launch its strike force within minutes. At first there we a limited num- In Memory In Memory of Etta Frye Just one year ago on Christmas Day God called a wonderful, wife and mother away. Although she's gone, wonderful memories fill Throughout the entire Strategic Air Command, members of the alert force—whether they be in Spain, Lincoln, or Guam—must certainly find some satisfaction in knowing that because of the job they are doing there is "Peace on Earth." (SAC PS) Grain futures Market Adrift CHICAGO (AP)-The grain futures market generally was adrift most of the time last week in a preholiday lull, and most commodities show little or no trend. After trading expired on December contracts last Tuesday, speculators found little reason to do more than a minimum volume of business and on Wednesday the volume dropped to its lowest level of the year at less than 38 million bushels. Only one of two government reports during the week appeared to have any effect on the trade. The final report of estimated production cut soybeans about 7 million bushels to 693 million but brokers said the yield still is far above expected usage and that a large carryover is certain. How- Reports On Servicemen Army PFC Billy. M. Podell, son of Mr. and Mrs., Arthur R. Podell, Route 3, Winamac, Ind., recently participated with other personnel from the 1st Armored Division's. 6th Infantry as an "Aggressor Force" against members of the 2d Armored Division during a three-day field training exercise at Fort Hood, Tex.. During the exercise Podell and other members of his unit served as an enemy force to simulate actual combat conditions for the 2d Division, which is being made combat ready through an intensified training period. Podell, a member of the infantry's Company .D, entered the Army in December 1950 and completed basic training at Fort Riley, Kan. The 23-year-old soldier is a 1956 graduate of North Judson Con : solidated High School. ber of bombers and tankers on| everi ;t was believed to have attracted a little support from deal- constant alert at a few scattered ias.es, and—at that time a goal was established of at least one-third of the bomber force on ground alert.' Today, because of the world situation, the command has surpassed that goal and now has 50 per cent of the command's forces on ground alert, as well as a con- The hearts of the husband and I siderable number of ICBMs. children still. The lights of Heaven will be brighter this year For the mother of the children to whom she was so dear. Mr. Russell Frye and children. OPEN TODAY SUN. DEC. 24th Until 5 p.m. COONIFS GIFTS WALTON IND. UPHOLSTERING CONSULTANT PHONE 50681 For Christmas . . . . . . Give Beltone To Relieve Your Cold BUSJAHN'S COLD & RU CAPS DON'T TAKE CHANCES WITH BAD BRAKES Go To Work Instantly 2 Sizes. . .60c and $1.00 OH CHANGE 5qt. 99e BUSJAHN'S DRUG STORE RIVERSIDE BATTERIES INSTALLED for as low as... WITH TRADI Wheel Balancing .. «a. 1.40 OPEN ALL PAY SUNDAY 8:00 a. m. to 9:00 p. m. CHRISTMAS TOYS CANDY-ifGHTS-^IFT SiTS (Closed Monday) BURKS 13th and E. Broadway Phone 5966 Overseas, the alert system is called "Reflex." Under this system, crews are sent from stateside basfes to overseas stations for short periods. While there, they are on shifts on constant alert, the same as crews in the United States. At the end of the reflex period they are replaced by other crews and return to their home bases. While some crews sweat out alerts on Christmas Day, others may be shuttling back and forth in their constant exchange of overseas crews. In a similar manner, members of SAC's missile force will shuttle between bases and missile sites, each taking their turn at "pulling a tour" with the "birds." For some ,it will mean Christmas beneath the earth in underground complexes, for others—it will be tour above ground in control centers. For all, though, it will be Christmas away from their families and the general merrymaking. PLUMBlNGiHEATING <ftW 3658 AL W DON SCHMIDT ers who believed the figure would be boosted. The first official estimate on winter wheat and rye acreage to be harvested next year was viewed as bearish in the rye pit. Acreage of that grain was raised rather sharply to the third largest of record and it brought out a good deal of liquidation in the new crop contracts, which declined 3&4% cents a bushel. They were the broadest fluctuations of the week by far. Wheat finished %-l cent a bushel lower than a week ago, March $2.0814-%; com &•% lower, March S1.10%- 5 4: oats % lower to % higher, March !%-%; rye %4~/s lower, March $1.39-39)4; soybeans !4-2!4 higher, January $2.44^-%. Pressure of government selling of corn slackened somewhat but there still was a backlash of hedge selling and until Thursday those commodities sold at new low levels at the season each day. An announcement by the Commodity Credit Crop, said it would have to ease the selling until it could catch up on clerical work which had fallen behind on heavy sales earlier. Procedures for moving the grain out of warehousing had become clogged, the agency said. Except for a few moderate spurts of commercial buying, the market lacked any other significant influences. A report that soybean crushings during November reached a record peak of 38Mj million bushels, like the crop reports, became little more than | another statistic. BRUNO'S PIZZA Will Be Closed All Day CHRISTMAS OPEN WEDMSDAY, 'S PIZZA Army Sgt. Jack M. Sharkey; son of Mr. and Mrs. Joe Sharkey, Route 6, Monticello, flidwf recently participated with other personnel from the 1st Armored Division's Combat Command A as an "Aggressor Force" against members of the 2d Armored Division during a three-day field training exercise at Fort Hood, Tex. During the exercise Sergeant Sharkey and other members of his unit served as an enemy force to simulate actual combat conditions for the 2d Division, which is being made combat ready through an intensified training period. Sharkey, a member of the com mand's Headquarters Company, entered the Army in October 1960. The 26-year-old soldier is a 1953 graduate of Remington High School. Army Specialist Four Laneen . Fisher, son of Mr. and Mrs. Isaac Fisher, Route 2, Peru, Ind., participated with other personnel from the 503d Infantry Combat Team in Operation Suburbia, a week-long field training exercise on Okinawa which ended Dec. S. The exercise began when-members of tfie 503d's 2d Airborne Battle Group parachuted onto the Yomitan airstrip. The jump was followed" by a heavy equipment drop where trucks, artillery, con- siruction gear and supplies necessary for the maneuver were parachuted onto the strip. The 503d then hiked 23 miles to Camp Hansen for two days of anti-guerrilla training. Following this, they were airlifted by helicopter to northern Okinawa for training in mountain and jungle tactics. Operation Su- burgia was the largest airborne exercise ever conducted on the island. Specialist .Fisher, a member of the team's Mortar Battery, entered the Army in August 1958. The 21-year-old soldier is a 1953 graduate.of Chili High School. His wife, Mary, is with him on Okinawa. Hospital and U.S. officials said their ambulance obviously had been hit by bazooka and machine- gun fire in the fighting that broke out early this month between the United Nations and secessionist President Moise Tshombe's Katanga forces. The victims were Georges Olivet, Swiss chief of the International Red Cross in Katanga, Nicole Vroomen, the Belgian ambulance driver, and a Dutch assistant, S. S. Smedding. They were last., seen on the evening of Dec. 13 when Olivet set out for U.N. headquarters to seek a temporary cease-fire in a residential area in order to bring out civilians trapped by the fighting. George Ivan Smith, U.N. chief will be carried out thus remains in doubt. There are signs, however, that one big change is coming over the Katangan forces that.fought the United Nations — that is the removal of white mercenaries and volunteers. African officers. at Kipushi, near the Northern Rhodesian border where most Katangan forces retreated from EEsabethviUe, were telling white officers they were no.longer needed. A white officer, at Kipushi said Tshombe apparently has decided to purge Ms army of whites because he is now convinced that the U.N. attitude toward their presence is holding up a solution of Katanga's problems. here, said, "The ambulance obviously was hit in crossfire be-i tween Katangan and U.N. forces.. A//|/||t r p Chlirfh I do not know how it came to be /tlllUIItC V If Iff til there." Dr. J. Smeets of Queen Elisa- bethville Hospital first reported Pageant Jonight the finding of the bodies. He said There will be a-Christmas pro- three Katanga Red Cross' officials 1 gram at the Alliance church this and four U.N. Indian soldiers aided in the search for the missing Red Cross people. The bodies, he said, were found covered by about two inches of evening-when a pageant "The Gift of Light" will be presented. T. E. Drye is in charge and Ruth Windle is stage manager. Following the processional there earth in a ditch, not far from a!will be a congregational hymn; traffic circle on the road between!prayer by Mel Njus; welcome, Elisabethvffle and the U.N.-held airport where there had been fierce fighting. This is not far from Camp Simonet and the old Robert Newbum; beginners department, Nandos Leslie; primary department, Mrs. Violette Armey. The choir of the. junior depart- airport where Katangan forces de-i ment also will take part. Mrs. Alma Harvey is organist: Katangan sources claimed sev- pmsteare Mta Joy Drye and , ,, , ,. ., , j KnhOTT I»OT\rtQW- irnnni cnlj*iic-tc? era! days ago that the three had been killed by U.N. Ethiopian soldiers.. Smeets said the ambulance was found first. Later he picked up pieces of Olivet's uniform and his badge, and discovered the three graves. The bodies were removed for examination. The discovery came as Elisa- bethville's whites and blacks repaired ravages of two weeks of fighting — sweeping up broken glass, removing burned-out automobiles and opening shops. But most people regarded this as only a breathiiig spell before the next mortar blast. The United Nations called on its forces to hold their fire, unless fired upon, to await the outcome of Tshombe's talks with Congo Premier Cyrille Adoula on Katanga's secession. In an accord signed at the U.N. air base of Kitona early Thursday, Tshombe virtually ended the se-| cession, but began backtracking Before he got back to Elisabeth- rille, claiming the agreement had ;o be ratified by the Katanga Cabinet and Provincial Assembly. The Cabinet has passed the decision to the assembly, which may )e several days in meeting. Whether the agreement ever Robert Gephart; vocal soloists, Mrs. Rosalie Martin and Mrs. Gamette Tabler; violinist, Don ] Baker; quartet: Melvin Damron, Lewis Strieker, Alvin Scheerer and T. E. Drye. Mrs. Lorreta McKinley wfll be narrator. Parts to be portrayed are: Jeremiah, Bill Somsel; Isaiah, Alvin Scheerer; Mary, Geraldine Ervin; Angels: Nancy Heiland, Connie Rodke, Martha Mund, Becky Mund, Patty Rehwald, Patty Shanks. Wise Men will be: Paul Sherman, George Dibble. George Mohler. Shepherds: Larry Ervin, Eldon Njus, Dion Scheerer, John Morgan, Randoll Newbum. Candlelighters: Linda Ervin, Lynn Rehwald; Sue Warner, Lynne Hinton. Special lighting, Harold Davis. Emerson Leslie and Edward Newburn will be in charge of platform arrangement. Ushers will be: James Neff, Richard Heiland, Al Cowley, Julian Neff, Harvey Tabler. Debbie Scheerer will portray Little Miss Freedom. H R DIETZE Plumbing & Heating ftMtdential-Commerctal tnduttrial Phon* 3409 425 2nd Si. FILM! FLASHBULBS! 120 127 620 3RCX1S 79c No. 5 Press 25 1.69 doz. M2 $1.45 doz. AG1 $1.39 doz. PREEN 961 CALENDARS JOE VIVIAN'S FOTOSHOP 10 West Linden Ave. Phone 2332

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