Chattanooga Daily Times from Chattanooga, Tennessee • 20

10111M irkr 41 '4 'f 4' 1 ITT SATURDAY DECEM3trt 231D3 THE CHATTANOOGA TIMM: CHATTAN000 2 12 EXPERTS PLAY Iii CHESS ROUNDS I 1 Onlocktrs at 'latches Ey 15YearOld Defending National Champion I TqADEsill TRADE411 TRADE411 GD ft-TUnite sum tali Sante Claim Juot couldn't wait to that the Orange Grove School children ty morning attributing gilts to the children and members of the latultts not DAY lis show ARGENTINA Is DUE ERA I SACRIFICE US ExportImport Bank Would Advance Funds for Nation's Development Nee fob Como Poles Iola WASIONOTOX---The United Mates and the International Monetary Tund are nearing agreement on a massive program of Minolta for Argentina underatood to total more than $300000000 In return Argentina has pledged to undertake I program of intim austerity aaid to he more drotio than that requited of any other underdeveloped country If carried out the program will inevitably Mean some temporary reduction of the otandard of living of Argentinians pending the time when the Wiwi' international Mem and payments are restored The belief of informed ofMMUS bits II that tho Argentine program may become a sort of telt cuo for other underdevoloped countrieo If it la carried out and succeed Argentina may nom major ad ventegeo in the form of foreign Investments This can only oecur it in felt when the nation get control of iti internal finances and stabilizes its cur rency Crtelo Worse Partly as a hangover from the Peron ira Argentina has urdergono a woreening financial oriole in the pest year Her marvel of gold and foreign currencies We dwindled near the vanishing point Without anelotanct she would be forced virtually to halt import'' and this would mean major internal strain The bulk of the assistance will come from the Exportlm port Bank The monetary fund will contribute $75000000 which would bring borrowings tql to Argantina's full quota in the fund The fund allows drew-Inge of 100 per cent of the quota only in rare cages and only when the borrowing country agrees to a never' in teml reform program For the Export-Import Bank this will be the fifth major 'ball out" loan for Latin America in a year The others belt' gone to Brazil Chile Peru and Columbia It is Understood that part of the loan will be furniehed by private New York Banks The deal also includes an agreement with Argentina's European creditors Ity 11112HANN 11r113 Nom Mb two Nrirt Ionics NEW YOICIC--irwelve chess playert representative of the highest doss skM 1z Vitt country started off Thursday night In the first of 11 rounds of the United States chvnplan ship tournament for the Leming trophy at the Manhattan Chest Cub hero Sponsored jointly by the United States Chess Federation and the Americiut Chess Foundation the tournament will continue with holiday intermistions until Jan I nttoopt on Saturday and Sun1118Y When there are afternoon sesskma from 2 to 7 e'plock the hours of play will be from 1:30 to pm The time limit Si 10 twos In 2 hours for each player The schedule Si planned so that each contestant has the white pieces In alternats rounds Tim cynosure for all eyes was 15-year-ol4 Bobby Fischer of Brooklyn who not only won the national title a year ago but made good in the intersonal tournament at Portoros in ugollevia witere be was equal fifth and sixth He came back with the official title of "grand muter" In the opening round he wan pared with the world junior champion William Lombardy of New York who coached him at Elamite! Rethevoky of Spring Valley NY expected by WI many supporters to recapture the US title was a child marvel in his day At 8 he Wel able to hold his own against strong New Yorkers Since then he hu rolled up an impressive record including five U13 championshipe and many international prises His latest was to win the international tournament in Israel His tint opponent last night wan Donald Byrne of Valparaiso Ind former national open champion It was the first game to be finished Byrne having the white side of an English opening Cautious play on both sides for 16 moves left them in equality Reshevsky then offered a draw which Byrne accepted The only victory of the round went to Larry Evans one of the International grandma alters' who playing the black Bldg of an English opening defeated Paul Benko another International grandrnuter In 89 moves 4 Al 61 Ittet Photo by Cloom SERVICE PIN AWARDS: Officials of the US customs service in the Tennessee-Arkansas district were honored at a banquet at the Tkk-Tock GtrI East Ridge 'received pins in recognition of their years in the service Seated left to right Collector Arthur Rogers and Associate Collector Sam Bonds of Memphis standing left to right John Millen and Wesley Moulton of Chattanooga Harvey Douglas of Nashville and Gerald Bedwell of Chattanooga The Ell ant awards were made at the direction of the VM Treasury Departm (() LU di Service Briefs rvt David Ward 22 whose wite Diaenoy lives on Rt li Sevierville Tenn recently completed eight weeks of basio combat training at let Jackson SC ANOTHER AIRLINE CLOSE TO STRIKE SP Pvt Billy Thompso 22 4 I 6100MIIIMMMON To Head Private Group in Military Governmental Evaluation Field To Head Private Group in Military Governmental Evaluation Field Pilots May Walk Out From American at Start of the Holiday Rush ellirli Cob 111t '1' Jr '4 WIIMM0Ii1110 0 TV SET whose wife Wanda lives on Rt Cleveland Tenn recently completed eight weeks of basic combat training at Ft Jackson 11C Pvt Wesley Conar 19 whoa wife Patsy lives at 713 Moore Athens Tenn recently completed eight weeks of basio combat training with the 3nd Armored Diviaion at Ft Hood Tex 000 Sgt LC Lonnie Moon at whose wife Edna live! at 1105 Poplar St recently was assigned Is a typewriter repair specialist with the 7th US Army Quartermaster Direct Support Company in Germany Recruit Donald Grace 34 son of Mr and Mn Cecil Grace Rt 3 Harriman Tenn recently completed eight weeks of basic combat training at Ft Jackson It (rho 4 to EXCHANGES pLAN HOLIDAY CLOSINGS Stock Markets to Remain SW Down for 2 Days NEW YORK all security and commodity Markets w0I observe an extended Christmas holiday next week All domestic exchanges eta well as British and Canadian markets are closed Thursday Christmas Day And most also will remain closed the next day A few commodity exchanges in New York will shut down early Wednesday before the holiday Among those closing Thursday and Friday are the New York Stock Exchange and the American Stock Exchange the two largest security markets Only the Chicago stockyards and the banks are due to remain open Friday the latter furnishing the customary foreign exchange quotations Closing early Wednesday are: The produce cocoa cottonseed oil and soybean oil wool and coffee and sugar exchanges in New York the Chicago Board of Trade and the Winnipeg grain andToronto and Montreal stock exchanges Heard in Pennsylvania Radio Station WRIP the new 500-watt station in Rossville received word Pride that by some freak of transmissien Ite signal had been reeeived "loud and clear" Dec 14 in Lake City Penn The letter was from 7 Brau ner member of a radio Club In Lake City site tOrtitid range of WM? is between 50 and 7 5' miles from Roseville 0 By SACK RAYMOND 0 Nolo Tore Tenoo Nowt sogici a is on Morton assistant secretary of the navy for air will become president of the Institute defense Analysis in February it was learned Friday The institute a non-profit or set up under private sponsorship specialises in major governmental studies Of military and economic problems affect ing national security It also provides for government work when statutory limitations on salaries make it difficult to ob tain men with the right qualifications Morton's post in Navy will be eliminated in February as part of the Defense Reorganisation Act As president of the institute Morton will succeed Maj Oen James McCormack former bead of research and development in the Air Force who retired from that post last year Gen McCormack is vice pres ident of the Massachusetts Institute of Technology In a telephone interview he said be would conti I nue n' his post at rrl and also as trustee of the By SACK RAYMOND 0 New York Moo Nowt servos WA SHINGTON--0 a i a on Worton assistant secretary of the Navy for air will become president of the nstitute Analysis in February it was learned Friday The institute a non-profit or- ganisation set up under private ePeelitlieee in major governmental studies Of military and economic problems affect ing national security It also provides for government work when statutory limitations on salaries make it difficult to ob tam men with the right gnat' fications Morton's post in Navy will be eliminated in February as part of the Defense Reor- iptnizatien Act As president of the Institute Morton win succeed Mat Gen McCormack former head of research and development in the Air Forte who retired from that post last yea can McCormack is vice pres- ident of the Massachusetts In- stitute of Technolog7 In a tee- interview be said bat: in would continue 08 MIT and also as trustee of the CHICACO (AP) Negotiators sought to resolve stubborn differences in a labor dispute in time to avert a pilots' strike against American Airlines at midnight Friday at the start of the Christmas travel rush Leverett Edwards of the 'National Mediation Board who has been meeting with officials of the air line and the Air Line Pilots Assoelation said the talks had reached a difficult stage A strike against American would hamper sir travel at one of its busiest seastes Eastern Air Lines already is grounded by the current strike of flight engineers and mechartics American Airlines one of the nation's largest carriers operates In 20 states Canada-nal Mexico it carries tut average daily pusenger load of 3000 was to specific estimate expected holiday business but a spokesmtut said reservations were runnhig 10 per cent more than lest Christmas American began Thursday to operate Seven Or eight extra seetions to accommodate hOliday travelers Most extra flights were between Chicago and New York dispute between ALPA and American has been unsettled since August 1957 when the last work contract expired It concerns pay scales rules and working conditions of the pilots EAL TIACMNISTS NEAR TO PACT RATIFICATION rr 0 CO) Pvt Donald Gore son of Mr and Mrs Herman Gore Rt 1 Sparta Tenn recently completed eight weeks of basic combat training at Ft Hood Tex Pte 011ie Whitehead 25 son of Andy Whitehead Rt 7 Maryville Tenn recently completed eight weeks of baste combat train ing at Ft Jackson SC Recruit Homer Heard 10 son of Mr and Mrs Homer Heard 1810 Bummer Bt Manchester Tenn recently completed eight weeks of basic combat training at Ft Jackson BC 0 NORTON TO TAKE CUSTOMS AGENTS i FETED AT DINNER IDA PRESIDENCY Services of live Officials in District Recognized tomoommodowoho Five officials of the a customs eervices ht the Tennes- I see-Arkansas 1 i were honored here Friday night at a special dinner at the Tick Tock Grill in recognition of their 0110101000Noinioromme service to the federal agency Arthur Rogers of Memphis collector of customs of the Ten- nessee-Arkimsas district came I here for the meeting He met 1 with personnel under Ms super- vision in a general conference to discuss problems and policies of the dietrict Samuel Bonds assistant collector of customs accom 1 panted Collecter Rogers' here for a ceremony and conference Bonds himself drew one of the service pins He has had 32 years service Gerald A Bedwell deputy collector in charge of the Chat tanoega office is the district's senior staff member baying a temun of nearly 33 'years in the customs service Bonds Was the second ranking official in years of service Harvey IC Douglas deputy collector in charge of the Nash-James 14110 ottee has 29 vim we vtr aley Maulrm cuers' tome inspector at the nooga office has 19 years and John Millet also a customs inspector here bu id years Thera are three ports of en-phone trY in the Tennessee-Arkansas district They are Chattanooga Nashville and Memphis AI-WA' though Arkansas has no ports The institute was founded try Members of Collsctor three years ago with a $500000 Rogers' staff work in that state grant by the Ford FoundatWn Its sponsors who provided the on customs Hons trustees and working personnel CALVINIST CLERIC were the Massaclaisetts Insti tute of Technology Stanford IN HUNGARY QUITS untvtrety Cue Institute Tu- lane University and California Itlitints ssa Resigned for Institute of Teclutology ---we The first chairman of the 44 Elealth board of trustees vas Dr ddentJmnes BUDAPEST IfimgarY (AP egy) ear Killian 19V the Pro's Bishop Albert Bereesky scientific advisor The present old head of the Hungarian Re formed chairman is Julius Adams Stmt Calvinist Cinueh bat re ton who succeeded Dr Killian Mimed for 'reasons of health It head Or urr was announced niday 31shop Berecsky who beaded 'The IDA has worked closely in with the Defense Department's gwrenaupprson ted Eta resireatim once before in also provided background ve1954IttltineweetinleviltAtbe flAttinslatithsan material for the committee that "loyal i'oatibortiFTerthlh701 produced the Gaither Report on rowdeta national security It Is now Atter the revolt was crushed by providing material for the new soviet teat the coromithist re Draper committee on foreign gime restored him fa office He W' aid fered his resignation again a year Virtually all of its studies are ago but church authorities refused highly classified and not avails- to accept it ble to the public Thiv church authorities finally I agreed to' accept his resignation at a meeting Thursday and to a successor before the eau or me 2 1-Year Warranty' on AU Parts Receives Both' Black and White and Cotor Programs I 0 Northern Lights WINNIPEG The northern lights occur more Often and ex tend farther south in the sky tut before and after the tOulnoxes Marett 21 and September 21 i PA MODEL 21CD7975 CD NEW 0 Air Linea znachblista were reported leriday to be nearing Completion of a ratification 'Vote on new contract terms A Company spokesman here bald the final tabtliation wen expected on Monday et motl :1 31711 Navy Lt Thomu it tones son of Mr and Mrs John A Jones of 80T Hamilton Ave and husband of Mrs Barbara A Jones of ts AVe Pontiac Mich can be Issured of observing a very white Christmas this year with 109 other sailors scientists and tech Ide 1111111 as they celebrate the an Mai holiday festivities at Little America Antarctica Charles Roger trams it DSN son of Mrs Rachel 14'Pear son 441201 Watkbs St returned to Norfolk Va Nov 28 aboard the submarine 'UM Sea Leopard after taking part in a twoweek 'Atiantio Sleet operation Martha Cpl David harm son of Mr and Mrs 0 Jelfress of 4002 fith Ave joined members of the 10th Makne Regiment in a joint Armpitarine corps field tiring exercise during the first week In December at Fort Bragg Blear storekeeper MOM VW MI of Hubert Rimer of 4314 13th is serving on board the general stores issue ship VSS Castor operating with the US Ttit fleet In the Western Pacific Marine Pvt Melvin Tucker son of Mr and Mrs ALM It Tucker of 2228 IC 23rd St is scheduled Marine Pvt Melvin Tucker son of Mr and Mrs James It Tucker of EL 23rd dt is scheduled II almmloo ism Vriii I 'a I SONS OF OFFICIAL DIE FROM STABS 'it ct Iii RI Jipiriseot 1 VS4717 FARL1S PHONI VI 106014111044! I '2 iCrandnephows tailott Found With Thiotts Cut HASLEM21114 England (AP)- Two grandnephews ot horror actor Boris Karlott the sons Of a British Cabinet oracle wera dead with their throats cut' In their country home 7111nday night Their mother Mrs Diana Bromley tratiotta niece lay in a hospital with throat wounds apparently caused waited at her bedside to bear her story ot bow the 'stabbings took place Police said she is expected to The beysi rather ThomasBromley found his' sons dead when he 'drove home vtita CIristmas Kitts Thursday tight to his mansion in Surrey 4 1 -) Martin' 13 was dead In the Stephen 10 lay dead In a bath I Commute Recessed LtioNDoN Itouss 0: vuu101111 tOCOSIta from this to graduate Deg 10 from ae th weekend to Jan 20 for the extendtensive four-week intently trittn Chrtstnia nolidaY- int course at camp Lejcime adk Commons Recessed LONDON House of Commons recessed from this 161 A t4 A 1Mt01 Climate Factor Rheumatism is comparatively ears in warm climates Ilhat Coes Up The Rogers Theater lent up a number of belitms-filled balloons recently advertising Movie and Nit in each one a note ti to the finder Robert Dyckes the theater manatero got letter rriday from a boy in Atlanta 110 mile away bielosIng a note and laying "Pleue send MY dollar" ZW11011 COptell 1I03031 (AP' Premier kits Khrushchev's neut pronouncement on agriculture is Wink the full treatment The Stabs Publishing House for Patical Literature has been ordered to print a million copies It already hu been pub Ithed by the day press in ltd I 1111d1 itar! rgt Weettlit An average egg weigts of one pound I).