JFK Moves To Decrease Gold Outflow WASHINGTON (API-President Kennedy, in a surprise move, asked Congress today to tax Americans on most purchases of foreign stocks and bonds. The aim is to help stem the outflow of gold and dollars. Kennedy's recommendation was certain to have an immediate impact on inter-national financial markets because it would affect American investments currently approaching the rate of $2 billion a year. The unprecedented proposal, put forth in a special message to Congress on the worrisome U.S. balance of payments problem, garden— ing ... with the editor From today's mail we learned: Most Americans would find it difficult to pass their state's current written driver's license test for the simple reason they are not up to date on the constantly changing rules of the road. Don't look directly into Saturday's eclipse of the sun. (This warning has been arriving almost daily.) One automobile manufacturer reports an increase of 30 per cent in sales for the first ten days of July over the same period a year ago. More than five million motor vehicles have been produced in the U.S. since the beginning of 1963. This is to Inform you that you still owe . . . (whoops, wonder how this personal letter got in there.) * * * City electrical workers, telephone workers and the volunteer crew of the Reed and Stinemetz Excavating Service joined forces yesterday afternoon to put nip the light poles at Fansler Field in Finnup Park. We weren't aware of it at the time we wrote Tuesday's editorial calling for completion of this project, but the wheels had already been set in motion to get it done. The editorial was in no,] way intended as criticism to these workers, who often go beyond the call of duty to serve a demanding public. After talking to some, it's obvious they take pride in their work. And as citizens we should be proud to have conscientious employes in our municipaEy-own- ed electrical department. Anyhow, we are glad the lights are being installed. if * * Heard this suggestion on a Finney s 63 W/ieaf Output at 3 Million Bushels downtown day: street corner yester- Why don't the two banks adjust their temperature signs to record cooler readings than the actual temperature, and give travelers who go down 'Main a better impression of the city? While admitting that the weather is hot, these fellows pointed out that the temperature readings on the signs are sometimes four and five degrees above offi- ' cial readings. Our answer: bankers. Go talk to the * * * Can't remember Garden City's ZIP code? Just get your Telegram and look at the date-line on the front page. It's listed right after Kansas. Missing Brothers Found In the Kansas River TOPEKA (AP) — The bodies of two Topeka brothers, missing since Sunday, were found in the Kansas River west of Topeka Wednesday. The body of William Cox, 23, was found snagged on a trotline near where Mill Creek empties into the river. The body of his 14-year-old brother, Charles, was found near a bridge south of Rossville. The brothers disappeared while on a fishing trip Sunday. Need Farm Legislation WASHINGTON (AP) — Reps. William Avery and Robert Dole, Kansas Republicans, have urgec' that Congress enact what they termed needed farm legislation. Avery said Congress could improve upon its record by developing acceptable wheat legislation. Dole said the legislative record of Congress this year offers some hope for the American taxpayer on the basis that generally no legislation is good legislation. But he named farm legislation as an exreption to this rule. Garden Sass Middle age, Gus Garden ga'ys, is when you look back on your mistaks and wish you could do them all over again. represented the boldest and most controversial attempt yet made by any administration to deal with the payments dilemma. To discourage the mounting flow of American savings abroad, Kennedy called for a special excise tax ranging from 2V4 per cent to 15 per cent on the purchase price of securities issued by governments and businesses in 22 industrialized countries. The tax would go into effect Friday and remain on the books until Dec. 31, 1965. Admittedly this would be strong medicine. But Kennedy said it would 'help prevent pressures for more restrictive measures." A second highlight of Kennedy's 5,500 j word message was an announcement that — for the first time—the United States will exercise its right to draw money from the International Monetary Fund. Starting Monday, the United States will begin drawing up to $500 million in foreign currencies from the IMF. These currencies will be used by the U.S. Treasury to buy foreign-held dollars that otherwise might be used to purchase American gold. Kennedy predicted that enactment of the excise tax plus other less dramatic moves under way or planned would trim nearly $2 billion from the U.S. balance of payments deficit during the next 18 months. In 1962 th« dificit - the difference between the amount of money leaving the country and the lesser amount coming in—totaled $2.2 billion. However,- the deficit has been mounting this year and, in the April-June quarter, an annual rate of well over $3 billion. Continued deficits in international financial dealings mean that foreigners are piling up surplus dollars which they can use to buy American 'gold—the key to the strength of the dollar. In recent years, the U.S. gold stock has dropped from $22 billion to under $15,7 billion. Central Strike Date to Be Set FORT WORTH, Tex. (AP)- A meeting will be held in a few days to determine a strike date against Central Airlines, a union spokesman said Wednesday. David Harris, chairman of the Airline Employes Association Local 70, said ground employes of the line "overwhelmingly approved" a strike against Central in a mail ballot. In Chicago, Victor J. Herbert, union president, said 157 workers approved the strike action with 34 voting against a strike. The mail ballot began June 25. About 300 union members were eligible to vote. Central Airlines officials refused to talk to newsmen about the union vote. Harris said an unspecified company wage offer is "not acceptable." Negotiations stalled on the wage issue after several other differences were settled, he said. A mediation board stated June 17 it had done all it could and "the mandatory 30-day cooling off period ended today," Harris said. Housewife Hates to See Trees Destroyed MERRIAM, Kan. (AP) — Mrs. A. B. Williams, a housewife, hates to see trees destroyed — even if they grow on someone else's property. Mrs. Williams and her four children sat under a large shade tree near their home for an hour and a half Wednesday, preventing a crew of men from removing the tree with a bulldozer. When police proved the property belongs to Art Van Walleghem, her neighbor, Mrs. Williams i treated. "I have no hard feelings," she said, "but I just hated to see those nice trees go." An estimated Hire* million' In 1961, 183,000 acrw of Fin- bushels of wheat were harvested in Finney County this year. This is an estimated figure compiled from statistics at the Garden City Co-op and the Agricultural Stabilization Conservation Service. This year's output is just more than half the 1961 harvest. Two years ago 5,673,000 bushels of wheat were reaped in Finney. Complete 1962 wheat harvest figures have not yet been compiled. ney County land were planted to \vlieat — compared to about 181,000 acres this year. Average yield of the '63 crop is about 17 bushels per acre, compared to 31 bushels two years ago. The decrease, according to farm officals, is due to extreme high percentage of winter kill and loss of wheat due to worms. Kenneth Fromm, county agri- c:ilhiral agent, said actual bushels per acre have varied in amounts from 2 to 65, with dry- land grain showing (he highest yields. Much of the 1903 urn in Is being put into commercial storage. George Vot.lt, Rcneral manager of the Garden City Co-op, said its elevators have received some 1,750,000 bushels or nearly half of the total harvest. Fromm estimated that two- thirds of the entire amount would be put into some sort of commercial storage instead of on- Uic-farm storage. Although loss wheat was hnr-1 average figure of I3.S compared vested, the protein content for this year's crop was considerably higher than in 1!XU as well a s last year. Figures released by the Kansas Crop and Livestock Reporting Service at Topckn show from June 6 to July 8 some 84 cars of whent WPPO sampled tills year. Protein percentage averaged out this year nt 13.5 with the high noted at 14.8 and the low at 11.1. Averages are calculated on a 14 per cent moisture basts. The favorable with the 1962 figure of 12.1 and the nlnc-year-perhxl from 1952 to 1961 lo 12,8. Average test weight per bushels for this year is 00.2. with high weight recorded at 62.5, and tho low nt nn even 59 pounds per bushel. The 1902 average WHS 01 ,,1 and the 1952 lo 1961 average was 01.1. The Kansas State Board of Agriculture said tests on quality for 4,959 carloads from 89 Kan- loin content nt 12 por cent, compared to the 1902 nverage o( 11.7, proving this year's crop Is one of good quality. Highest average protein content to date was noted In th« west central and southwest districts where averages were 12,"8 per cent, Test weight per bushel for the state was 02.1 pounds, compared to last year's averajt of 6l,a pounds. Sedimentation value for some 4,232 carloads tested shows (»n average value of 50 compared sns counties show average pro-1 with the 1902 figure of 49. Garden City Telegram Vol. 34 GARDEN CITY, KANSAS, 67846, THURSDAY, JULY 18, 1963 7c a Copy 10 No. 218 JFK Ready For Capital Race March WASHINGTON (AP — President Kennedy has Riven hia blessinRH to the late-August civil rights demonstra-> tion planned for the national capital and says, "I look' forward to being hero." This was the highlight of a Kennedy noww conference Wednesday in which he applauded peaceful racial protests while decrying those which cam lend to violence and blood- shod. The session with newsmen — Kennedy's first in Wash-' ington in eight weeks — covered a wide range of topics including: Business and Taxes: The President said business la bettor than expected, tax receipts consequently hav* ext'sadcd •$twi&?i.Lnn and is a result !«<-l ysa;^ KMp&^ef- [clt totaled $6.2 billion compared with • January forecast of $8.8 billion. Ho said thin bolsters his argument that a $104>111lon tax Stadium Work Starts First prestressed concrete beams are put in place at the new athletic stadium, east of the senior high school building. It's estimated it will take three weeks to erect the stadium proper with the pro-formed material. The track that will encircle the playing field is yet to be installed Telegram Photi as welt as several other Hems. Bleachers at present Penrose Stadium ana to be moved and installed on the south side of the new facility. Bids are to be taken soon for sidewalks connecting the high school parking lot with stands on both sides of the field. Letters Protest Dance Request A campaign in opposition to an ordinance change which would permit dancing in taverns was smarted this week by a church group. Mayor Jim Sloan said this morning he had received more than 50 letters from members of the First Methodist Church protesting the change which has been asked for by a local tavern owner. He also said he received a petition signed by members of a Sunday School Class at the church. The Rev. Paul Hantla, pastor of the church, asked from the pulpit last Sunday that members write to the City Commission in apposition to permitting of dancing in taverns. Sloan said the most of the let ter writers objected to dancing in a place where beer was sold. Some letters also have been arriving at the city manager's office. The commission discussed but took no action on the request for the ordinance change at the last regular meeting. Further discus sion is expected at next Wed nesday's session. An earlier petition objecting to the change was signed by residents living in the vicinity of the Park Inn, a tavern on E. Fulton and Evans whose owner is requesting permission to allow dancing. These persons were objecting on a noise and nuisance basis Big Three Negotiators Still Face Several Thorny Issues By JOHN M. H'GHTOWER MOSCOW (AP)—Big Three negotiators met late and quite early today in their efforts to hammer out further details of a limited nuclear test ban treaty. The session lasted only one hour and 25 minutes. It was the shortest of four to date. U.S. Undersecretary of State W. Averell Harriman and Lord Hailsham of Britain were engaged in a serious conversation as they departed. They drove off in Harriman's car. The meeting opened 90 minutes later than usual. Soviet Foreign Minister Andrei A. Gromyko abtained the delay to give a luncheon for East German Foreign Minister Lothar Bolz, who arrived Wednesday with specialists in transportation and finance for consultations. The Americans gave no indication of displeasure at the visit of the East Germans, for it was quite within the right of the Soviet 'government to invite representatives of a fraternal Communist state to the Soviet capital. But Undersecretary of State W. Averell Harriman made it clear the U.S. delegation would have no contact with the Kast Germans. Western diplomatic experts expressed the view that success in the nuclear test ban talks could lead to broader East-West negotiations and perhaps a summit confero'ice this year. Negotiators of the United States, Britain and the Soviet Union still face several thorny issues. Talk of a summit conference rose last spring. U.S. officials discounted it because no special agreement seemed possible then. But if the Moscow conference is successful, President Kennedy, Soviet Premier Khrushchev and British Prime Minister Macmillan could well decide either to sign the test ban treaty personally or to meet soon after its signing to discuss broader disarmament and political issues. Kennedy tolc. a news conference in Washington Wednesday the possibility of a summit conference had not come up in the Moscow talks. If the subject is raised, he said, it would bo considered. A three-power communique issued Wednesday niyht after the third conference session gave the most optimistic official account of tha negotiations. It said Soviet Foreign Minister Andrei A. Gromyko, U.S. Undersecretary of State W. Averell Harriman and British Science Minister Uml Hailsliani had "mad* progress in drafting some of the provisions nf a test bun treaty covering tests in the atmosphere, outer space »nd under water." An optimistic note also was sounded by Kennedy. Speaking on the basis of reports from Harriman, lie said "we are still hopeful" that a limited test ban would be agreed upon. K«nnedy po«ed • serious prob^ Icm, sayiny success in the Moscow negotiations should lead to discussions among other nations. Calm Returns to Wall Street NEW YORK (AP)—Wall Street regained more assurance today after nervousness triggered by probing criticism of several key stock market mechanisms. Traders still were cautious however. The market, skittish for several weeks now, opened mixed to a little lower. "The trend is being determined bv other actors," said Sidney Lurie, a partner in Josephthal & Co. "This (criticism) is just another irritant, as it were." Some other brokers agreed. Presidents of the nation's two largest securities marts worked on rebuttal to an unexpectedly severe report filed with Congress by Securities and Exchange Commission investigators Wednesday. Amid outcries of dismay from some brokers, G. Keith Funston, president of the New York Stock Exchange, held his peace. So did Edwin D. Etherington, president of the American Stock Exchange. They said time was required to digest the 2,100-page installment of SEC inquiry findings, sequel to a milder report last April. However, Etherirogton promised to voice his opinions of "ill-advised" comments in the report. The SEC special study committee assailed several time-honored stock market practices, mostly concerned with the market's inside workings rather than activities directly touching the public. It called for new curbs on short selling, floor traders and stock specialists, tighter supervision of trading in unlisted securities in the over-lhii-eounter market and en improved system for handing odd-lot ov small volume transactions. To the financial community's relief, (hare was no blanket demand for segregating the broker find dealer function* of many Wall Str-Jfit firms. One section of the r< por' urged elimination of floor traders by Jan. 2, IDtii. 11 said thuc-.-; brokers who buy and sell ftr their own account, "Mijoy unfair Jtlvaotages over others. Of 1,368 New York Stock Exchange members, a .s.iiall minority indulgi; in much floor trading —quick turnover 'eals Fifteen of them ace.) mt for on;:-halt the volume in th's .'atv.ory. The SEC said they are unbur- dened by the need to pay coin missions and favored by know) edKe not yet public. Specialists — exchange members assigned to manage trading in specific stocks and to steady tendencies toward abrupt price fluctuation—number 3(iO on the New York Stock Kxchanrge. All exchange transactions are funneled through them, however. SEC investigators said their activities were inadequately policed. By selling slocks in the sharp market break oi May 28, 1962--Black Monday—some "seemed to contribute to the 'pounding down' of prices," the report said. Ho obviously meant atle-mpl.' should be made to gel. other nn tions to join in the lest ban—most unlikely in the case of Franco and Communist Chinii, the two most important targets of sucl an effort. The French revolt against U.S leadership of the Western alliance already has hampered Kennedy'. 1 ! efforts to create a NATO nucleai missile nuvy. And Presideni Charles de Gaulle has entphaslz •< repeatedly that lie Is determine.' to make France a nuclear power Kennedy's lack of influence in Paris is more than matched by Khrushchev's lack of influence ;n Peking. Soviet-Chinese reconciliation talks, under way here for the past 10 dnyti, are reported at the point of breakdown. New Commission Pushes Development of Economy TOPEKA (AP)-The now Kansas Kconomic Development Commission said it will take all possible action to help guide the Legislature lo provide the, best possible business and economic climate in Kansas. "Where this policy will require change s in ou r tax interpretations," the commission said, "we shall continue to nvake recommendations." It endorsed .state conservation and development of wuter resources and urged completion of "those projects appropriate to the maximum development of the Kansas economy, including navi gation." The agency is the Kiiccessor to the old Kansas Industrial Devnl opment Commission Credit Office Is Robbed ST. LOUIS (AP)—A .man walked through a crowd of people at Union Station Wednesday and into the credit union office, held up a clerk for $641, and walked out again throuyh the crowd. The clerk, Larman Shaneyfelt, 31, of (.'ahokia, III., described the robber as a white man between 30 and 35 years old, wearing sunglasses. He said the man first identified himself as a railroad employe and asked to make a loan. Then he shut the door to the office, pulled a revolver and Commissioners Accept Audit Report for '62 City Commissioners, In a spe clal session late yesterday after noon, accepted tiie audit report for the 1962 year. Eld Lewis, CPA, made the audit and presented the report. Com mlssloners praised Lewis for i good job. While in session, commls sioners accepted petitions to curb, gutter, and pave sevcra streets at the eastern edge o? tho city, including: j nn _ from Anderson to Fleming. Chestnut — from Anderson to Fleming. Anderson — from Chestnut to Spruce. Laurel — from Anderson to Fleming. , Fleming — from Fulton to Spruce Resolutions deeming the work necessary and ordering the work to be done wore passed on five projects. all Alio iee»pt«d w*t a replal o! Fairlnne 1st addition located al tho east edge of town, south ol Kansas and north of Spruce, The replat changes a lot line on Wll low Lane. Commissions decided tha parking on the portion of the 7th and Chestnut off-street park In? lot which has Just been pav ed will be "free" for tho pros nnt time, and meters won't be installed until later. A wellminary session to worl on the new budget, wag set for next Monday night. Dr. Emory Linquist Is Now President of WU WICHITA (AP)—The Unlvornit, of Wichita Board of Regents selected Dr. Krnory Linguist Wei 1 nesday ni^ht as the now presidnn (jf the university. Dr. Linquist 'will succeed Harr, V. Corbln when Cot-bin's roslgnu I Jon becomes effective AUK. 31. Dr. Linquist carries the speeia title "university professor" at Wl Previously he wag dean of fucih ties and dean of the college r liberal arts and sciences at th college. Before joining the WU facult in 1053, Dr. Linguist was presidci of Bethany College at Lindsboiv, Kan., for 10 years. The Weather Moitly fair •xctpt for thunder- itormi tonight and Friday. South- trly wind* 10 to 75. Afternoon high* naar 100. Lowi •round 70 News of the report, released ' ordered Shaneyfelt to fill a bag early in the afternoon, sent stock prices into a fairly lively retreat Wednesday. They recovered part of the loss but ended lower. Aith the money. Shaneyfelt then was ordered to lie d'j.vn on the floor robber walked out. the Suni'Uv 6:-5 Akron . iJodge I'Hy fetniporia UARDKN CITV Hill City . 1/u Junta . S.iliua Mm. , 92 .. »4 ill . 95 . 91 . 88 .... 89 . 88 . 91 Wiclilla 88 Sllu, titi 7 2 T.i Tl tie 70 76 74 7» 8.17 l-rt-c. .01 ul. would boost the oconomy still urthor and eventually balanca 10 budget. Cold War Talks: Kennedy said 0 Is "still hopeful" Uiat the Unit- d States, Britain and the Soviet Union con achieve some kind ol ucloar test ban treaty In the urront Moscow talks. But h« hlnks talk of a 'possible summit mooting Is premature, saying; uch a session Is not "Indicated or , needed." Moon Race: Tho President ivants a continued effort to put an American on tho moon In tills deo- • ado In order to show "the capacity to dominate space," Ho treated as inconclusive British scientist Bernard Lovell's report that ho Soviets imay bo losing Interest in the moon race. Roll Strike: Kennedy again urged tUft'railroads and operating unions to settle tholr work rules dispute before a threatened nationwide strike July 29. He said both sides would bo much better off to work things out themselves "and not depend upon the government to do It." If u strike comes, Kennedy suld ho will ask Con- gross to end it by legislation. In talking about civil rights, Kennedy scoffed at « claim by Alabama (Jov. George C. Wallace Hint racial demonstrations have been Communist-Inspired, "We have no evidence," he said, "thai any of the loaders of iho civil rights movements In the United States are Communists. We have no evidence that the demonstrations are Communist- inspired. I think It Is a convenient scapegoat to suggest that all the difficulties are Communist," Kennedy said those who complain about organized protests should "do something about tho grievances" that prompt thorn. Ho suggested It Is Illogical to say, "don't protest," and at the same .ime assert, "We are not going to let you come into a store or a restaurant." IIu said he socs the situation a* "u two-way street." As for tho Washington demonstration, scheduled for Aifg. 28, Kennedy s»id it shapes up us "a peaceful (imiinbly calling for a redress at grievances" and undertaken through cooperation with tho police. Kennedy said "this Is not a march on the Capitol" — something hu ciijiycsted earlier would harm the cvuse of civil rights advocates. In K'jmisine to be in the capita) at the time, Kennedy-added what u mounted (o a challenge to Contress by adding, "I am sure members of Congress will b> here." There hu.s l.ecn some talk that UK; Icyi.MUor.s intuit take a long Labor Day holiday — starting in lalo August. Ktnnvdy contraittd the planned Washington demonstration with thoie now in progress at Com- iiridgu, Mil., where there has been rioting and bloodshed. Speaking of Cambridge, h» said: "They have almost lost sight of .vhat tho d'-'inonstration is about." in such cubes, he said, "1 think the cause of advancing equal opportunities uily loses." On other topics, Kennedy said: Taere is no need for more formal diplomatic contacts witn the \ uticun because there is no lack of two-way communication 4t tresi nt. He hopes South Viet Nam will resolve its religious disputes because the military situation Inert) looks more hopeful and a stable government is needed. 1 A trip to the Far East is soine- ! thing the President would like to i undertake but he expects to be •371 busy enough at home for sorua I month*.
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