Galesburg Register-Mail from Galesburg, Illinois on July 18, 1963 · Page 13
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Galesburg Register-Mail from Galesburg, Illinois · Page 13

Galesburg, Illinois
Issue Date:
Thursday, July 18, 1963
Page 13
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Wall Street g to Calm Side By ROOfifl LANE AP Business News Writer NEW YORK (AP) — Jitt6rs gave way to relative calm in Wall Street today as the financial capital studied searching criticism of some key stock market practices, 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 gome 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. Time Required They said time was required to digest the 2,100-page installment of SEC inquiry findings, sequel to a milder report last April. However, Etherington promised to voice his opinions of "ill-ad vised" 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-the-counter market and an improved system for handling odd-lot or small volume transactions. No Blanket Demand To the financial community's relief, there wjas no blanket demand for Segregating the; broker and dealer functions of many Wall Street firnts. ' ' One •section of/thereport urged ; elimination of floor traders by Jan. 2, 1965. It Said these brokers who: buy and sell for their own account,, enjoy unfair advantages over others.' Of; 1,366.New York Stock Exchange members, a small minority indulge in much floor trading —quick turnover deals. Fifteen of them account for one-half the volume Jn,.' : th^^tegory;'^,, Favored by Knowledge 1 The SEC said they are unburdened by the need to pay commissions and favored by knowledge not yet public.' Specialists — exchange members assigned to manage trading in specific stocks and to steady fluctuation—number 360 on the New York Stock Exchange. All exchange transactions are funneled through them, however. SEC investigators said their activities were inadequately policed. By selling stocks in the sharp market break of May 28. 1962— Black Monday—some "seemed to contribute to the 'pounding down* of prices," the report said. News of the report, released early in the afternoon, sent stock prices into a fairly lively retreat Wednesday. They recovered part of the loss but ended lower. Marriage License Domingo S. Luna and Mrs. Linda S. Stancomb, both of Galesburg. Thomas H. Thoureen and Miss Sally T. Hanauer, both of Galesburg. H. Dean Combs of London Mills and Miss Vera Galbreath of Galesburg. Morris Coleman and Mrs. Corine Coleman, both of Galesburg. Robert E. Asplund' and Mrs. Marsha A. Simms, both of Galesburg. Robert L. Westfall and Mrs. Patricia A. Scott, both of Galesburg. E. Douglas Campbell of Mesa, Ariz., and Miss Marilyn H. Roberts of New Windsor. Paul L. Hopping and Miss Nancy S. Dickinson, both of Galesburg. Paul W. Smiddy artd Mrs. Charlotte G. Smiddy, both of Moline. Edward J. Obenlander and Mrs. Ruthan Wade, both of Galesburg; Chester C. Jacquin of Moline and Mrs. Helen M. Versluys, ol East Moline. Donald C. Morrison and Miss Patricia L. Dorroh, both of Galesburg. James R. Elander and Miss Joan M. Cooper, both of Galesburg. J. William Gerk of Galesburg and Miss Katherine M. Hess of Shakes Heights, Ohio. "OVER LAND, OVER SEA v . ."-When Mils new mNlfary vehicle runs aground, it keepi right on going. The craft rides on two rotary metal pontoons fitted with spiral blades that.move H forward, backwards and even sideways. The blades clean themselves as they dig Into swampy bogs,, snow or soft earth. Weighing about • ton, the craft, called the Marsh Screw Amphibian by designers at Chrysler Corp., reaches Its top speed In deep snow, about 20 miles an hour. Speed in muck Is about 10 miles an hour. It is shown during Initial tests in the swamp and ' bayou country of Alabama and Louisiana. Small Percentage of Farms Produce U.S. Milk Supplies By OVID A. MARTIN WASHINGTON (AP) — It took the output of only 187,000 farmers to supply the fluid milk delivered last year to marketing areas occupied by about 93 million Americans. These same 187,000 farmers produced roughly 41 per cent of all the milk produced in the nation. This heavy concentration of milk production by a relatively small percentage of the farmers was reported by the Agriculture Department today in a survey of a federal milk marketing program. These farmers were located in 83 urban milk marketing areas that are regulated by the department under federal milk marketing orders. tendencies toward abrupt price flecks. When you are adding grated semi-sweet chocolate to a cake batter or cookie dough, grate it coarsely so it will stay in tiny Tender beef, juicy pork, delicate veal... alone or blended . spiced in the tastiest ways to whet the choosiest appetites. You just never saw such tempting variety or tasted such downright good" ness. Stay-fresh packages. Beach for Dubuque today . . . you'll never buy any Symbol q/flavor and Quality other! Fine Meats from the Com Country's Quality Packer Dubuque FULLY COOKED HAM DUBUQUE PACKING COMPANY GENERAL OFFICES: DUBUQUE, IOWA WASHINGTON (AP) - Price declines during the winter and spring have not unduly discouraged cattle feeders. The Agriculture Department reported today that 11 per cent more cattle were on. feed in 28 major feeding states July 1 tnan a year earlier. This feeding is to produce fat cattle for the quality slaughter market. The number on feed July 1 was 6,830,000 compared with 6,135,000 a year earlier. Increases were shown in all. weight groups with cattle weighing over 900 pounds up 17 per cent from July 1, 1962. In the north central region—the major feeding area of the country—all states except Missouri had more than a year ago. Missouri was down 1 per cent. to bring about its own annihilation. In a large-scale pilot experiment on the Pacific island of Rota, scientists released massive numbers of the male melon flies made sterile' by exposure to gamma rays. Systematic release of these flies eventually wiped out the insect because eggs laid by females did not hatch. . The island had been heavily infested by the fly. This same method of insect elimination is being used to combat the screw- worm in the south-western part of this country. This pest attacks animals. WASHINGTON (AP)-The nation's poultry broiler industry continues to expand its operations despite loss of European markets and bountiful supplies of red meats. The Agriculture Department reports that June hatchings of broiler type chicks was 7 per cent larger than a year earlier. Hatchings during the first half of this year were 2 per cent larger than in the like period last year. WASHINGTON (AP)-The Agriculture Department claimed sue cess today for an insect-control measure that led the melon fly Reunion Held at Monmouth Park By Mills Family MONMOUTH - Descendants of William and Lourania Mills held their 15th annual reunion at Monmouth Park Sunday with 44 relatives and one guest present for a picnic dinner. Oldest member in attendance was Mrs; Lissie Haley and youngest was Jonathan Mills. At the business meeting called by President Art Mills, Mrs. Madge Mills, was elected presi-. dent and Mrs. Eileen Hanson, vice president for the next two years. The secretary-treasurer, Mrs. Art Mills, reported eight births and two marriages in the family during the past year. Next year's reunion will be held at Lake Storey in Galesburg on the second Sunday in July. Orin Mills is to secure tables for the meeting with Adam West in charge of cold drinks and Wayne Green to make the coffee. Those in attendance were Mr. and Mrs. Don Dueger, Mark, Jamie, Donna and Roberta; Mr. and Mrs. Beryl Mills; Mrs. Fern McKelvie; Mrs. Madge Mills; Mr. and Mrs. Fred Johnson; Mrs. issie Haley; Mr. and Mrs. Orin Mills; Mr. and Mrs. Wayne Green, Nancy and David; Mr. and Mrs. Irvin Sprout, Kathy, Cindy, and Freddie; Mrs. Eileen Hanson, Eddie and Alice; Mr. and Mrs. Leroy Armstrong, Ann Marie, Larry, Gary, and Jimmy; Mrs. Opal Armstrong; Mr. and Mrs. Howard Reynolds; Mr. and Mrs. Adam West and Robert; Mr. and Mrs. Art Mills, Sally, Lisa and Jonathan and Steve FUlmer, guest. Yates Cityans Host Reunion Of Family YATES CITY — The home of Mrs. Ethel Duley was the scene Sunday of a family reunion. A potluck dinner was served at noon and present were: Mr. artd Mrs. Russell Polen and Jeff and Mrs. Robert Smith and Sherri, of Millersville, Mo.; Mr. and Mrs. Charles Polen and Diana of Cape Girardeau, Mo.; Mr. and Mrs. Earl Duley, Cheryl and David and Mr. and Mrs. Donald Duley, Steve, Bob, Ronnie, Tommy, Charlene and Gary, of Hanna City; Mr. and Mrs. Carl Duley, Deane, Greg and Cindy and Mr. and Mrs. Ralph Duley, Larry and Brian, of Yates City. Also, Mr. and Mrs. Mathew Gettings, Mr. and Mrs. William Schell, Billy, John, Dcbbre, Bobby and Kevin, Mr. and Mrs.'Paul Brown and Mr. and Mrs. Ruben Kroeker, Richey and Marty, of Peoria; Mrs; Minnie Snyder and Mr. and Mrs. Carl Snyder, Carl, Joanne and Bobby, of Elm wood; Mr. and Mrs. Frank Appell, Jerry and Carolyn of Fairview, and Mr. and Mrs. Delmar Appell of Gilson. Yates City Briefs Mr. and Mrs. Sanford Coon and granddaughter, Kim Hessler of Elmwood, Mr. and *Mrs. John Bleichner, Becky and Rodney of Dunlap and Jerry Hahn were Sunday guests of Mr, and Mrs, Dean Shideman, Cinthia and Diane. They celebrated the birthday of Mrs. Shideman which was July 15. The WSCS of the Methodist Church held a picnic dinner in the Yates City Harvest Home Park. Attending were Mrs. Margaret Ramp, Mrs. Fred Triloff, Mrs. Glenn Foster, Mrs. Raymond Mathews, Mrs. Emma Housman, Miss Mary Elliott, Mrs. Ora Bell, Mrs. Wrllard Staggs, Lowell, Merk, Becky and Claudia, Mi's. Frances Johnson, Mrs. Esther Bowman and Mrs. Herman Laurson. Mr. and Mrs. Harley C. Fuller and Mrs. Marylee Maxey and Kay of Yates City, Mr. and Mrs. Clar ence Payne of Walters, Okla., Mr and Mrs. Ira Bitner, Mr. and Mrs. Don Martindale and Debbie, Mrs. Cora Fay of Dunlap, Mr. and Mrs. Alpha Keele, Mrs. Franklin Keele, Michael and Christopher, Mr. and Mrs. Ross Tackman of Peoria and Mr. and Mrs. Wilbur Gooding and Linda of Knoxville, Sunday had dinner at Westbrook in Pekin. They all motored to Peoria where the afternoon was spent in the home of Mr. and Mrs. Franklin Keele. Mrs. Margaret Ramp, Mr. and Mrs. Leonard Ramp, Rita and Kristie, Mr. and Mrs. Bernard Ramp and Jeff, Mr. and Mrs. Dennis Ramp and Kevin, of Yates City, Mr. and Mrs. Bernard Mathews of Polo, Mr. and Mrs. Leo Windish and Mr. and Mrs. Joe Griggs and family of Galva Sunday motored to Macomb, where they had a picnic dinner with Mr. and Mrs. Robert Marsh and Jeffery. District 400 Announces New Principal OQUAWKA - The Community Unit School District 400 Board of Education employed Ronald L. Patterson of Biggsville as Junior and Senior High School principal for the 1963-64 school year. Patterson is 34, married, and the father of two children. Me received his bachelor's degree from Western Illinois University and will receive his masters degree from Western at the end of this summer term. Patterson lias 15 years teaching experience, nine of which have been as grade school principal. With the employment of Patterson, all teaching and administrative positions have been filled in the district for the coming school year as the Board of Education had employed Thomas Knox as vocational agriculture instructor and Kenneth Gould as band instructor earlier. READ THE CLASSIFIEDS! N. Henderson Home Hosts Cookout NORTH HENDERSON - Mr. and Mrs. Henry Johnscon entertained guests for a cookout Saturday. They were: Mr. and Mrs. Victor Rumbom of Knoxville; Mr. and Mrs. Richard Rumbom and Mr. and Mrs. Archie Rumbom, of Reynolds; Mr. and Mrs. John Gustafson of Moline, and Miss Marjorie Johnson of Rock Island. They helped Henry and Luther Johnson celebrate their birthdays. Sunday visitor? to help them celebrate were Mrs. Dora Carlson and Mrs. Vern Bangston, of New Windsor, Mr. and Mrs. George Johnson Sr. and Mr. and Mrs. Charles Sims and daughters. North Henderson Briefs Mr. and Mrs. Lindsey Palmer of Decatur visited a few days the past week with their son and daughter-in-law, Rev. and Mrs. William Palmer. Mrs. Frank Bruner received word Monday from Mrs. Maude McKown of Rockford that she had broken her hip two weeks ago. Mr. and Mrs. Alfred King have moved from the tenant house of Mrs. Frank Bruner to Aledo. Mrs. Lucy Orwig of Woodhull has moved to Mrs. Bruner's house vacated by the Kings. • Mr. and Mrs. Jim McKenize moved from Geneva to the tenant house of Mrs. Carrie Postlewait, northwest of town. Mr., and Mrs. Lawrence Carter of Burlington visited the past weekend with Mrs. Frank Shepherd and daughters and Mrs. Jennie Hawkinson. Sunday afternoon visitors were Mr. and Mrs. Charles Shepherd of Galesburg. They helped Mrs. Frank Shepherd celebrate her birthday anniversary. Mr. and Mrs. Lester Stone and son of Wyoming were dinner guests of Mr. and Mrs. Sylvester Smith Sunday. Mr. and Mrs. Frank Peterson and Mr. and Mrs. Carl Swanson visited Sunday with Rev. and Mrs. Phillip Hedgcock. He is a former pastor at the Methodist Church here. Mr. and Mrs. Class of the Methodist Church held a meeting Sunday at the home of Mr. and Mrs. George Speirer. Devotionals were given by Mrs. George Speirer. Several of the Newcomer Corn Co. employes were on a fishing trip the past week. Mr. and Mrs. Fred House of Newman came July 11 to Alexis for the funeral for Ray Lawrence, and were also guests Of Mrs. Bess Newcomer of North Henderson. GALESBURG, ILL., THURSDAY, JULY 18, 1963 SEC, ft PAGE tf> mni .riiii n iMiiiiiiiiliiimiir i irini liiiin it.niminrrr inimimiwm«ilmm.«•«« m nt.iimMtitr—t—^i Venezuela's President Is Symbol of Changing Times Enjoy the finest choice quolity Beef by the pound over our Retail Meat Counter • , • or for reol convenience buy it by the side or quarter and SAVE. ALU WESTERN ZERO BEEF IS NATIVE CATTLE ... fed to finishing weight in our Horvestore Automate Feed Lot . . . AND STATE INSPECTED DAILY. Ask About Our Deferred Payment Plan, i Western Zero Locker 456 East South Street Dial 343-2161 By JAMES ft. WIIELAN CARACAS, Venezuela (UPtt- Romulo Betancourt is a symbol of changing times. Once, nearly 10 years ago, Betancourt was sniffed at by the U.S. State Department as a "radical loftist." Now 55 and approaching the end of his term as president of Vcne7 .uela, he has won the acclaim of the United States. When he was received at the White House last Feb. 19 President Kennedy told him: "You represent all that we admire in a political leader." Years ago Betancourt flirted with Marxism, but when he went to Washington Kennedy called him the "No. 1 enemy of international communism in this hemisphere." The United States, impressed with the reforms he has achieved in always • explosive Venezuela, now is reported considering him as the man needed to help bolster the sagging Alliance For Progress program once his term expires next March. Nothing Of Future Betancourt has said nothing about post-presidential ambitions (under the constitution he would not even be eligibile to run for another 10 years) beyond expressing the wish to take an extended vacation and do some writing. But he long has been an open and fervent admirer of the alliance and had launched Venezuela on major social and economic reforms envisioned by the alliance before President Kennedy announced the program. Betancourt's time in government so far have been a succession of crises. The real triumph is that he—and elective democracy —ever got this far. No elected president of Venezuela ever has lasted so long. In four and a half years; he has had to: Put d o w n four major military rebellions. —Ride out the disintegration of a three-party coalition when the second largest partner In his go$ ernment left the party Iri I squabble over Cuba policy. ^ Endured Party Splits Z —Endure two splits within hll own party. f —Battle continuing subversion" and violence, at first largely from the rightist remnants of thi Perez Jimenez clique, but lately from the Communists with vocal and active support of Fidel Castro. —Survive at least two attempts on his life, one of which nearly succeeded and left his hands and face scarred for life. Perhaps even more remarkable than the mere fact of survival ii what Betancourt has been able to accomplish despite the pressure* on him. He has steered the coun* try through a severe economic recession into a clear, recovery^ He has undertaken massive expansion of the school systems, so that nearly twice as many chil* dren are in classrooms today as in 1958, and illiteracy has been chopped from more than 40 to 23 per cent. He has laid the base for; industrialization of a country which grew rich—and totally de« pendent—on a single commodity -oil. Taken Communist Support And he has stolen the thunder— ' and popular support—of the Communists, by providing reform through peaceful, democratic means. This explains their resorting now to violence. For Romulo Betancourt, the big test will come, however, early in March of next year. That is when Romulo Betancourt is supposed to turn over the presidency to. a freely elected successor, to be chosen in elections late this year. That has never before happened in Venezuela. And if it does happen, if democracy is given a' solid foundation, then Romulo Betancourt's greatest ambition will have been realized. • READ THE WANT ADS' No. 5 Public Sq. Peerless Mkt. ON THE SQUARE All Flavors for SOFT WHITE NORTHERN TISSUE .t„ 49' HILLS BROS. COFFEE 2 £ 1.19 COUNTRY FRESH LARGE EGGS _- 39' III A ORANGE M Big $4 | III"!! DRINK *| 46oi. Tins |J NEW ONE STEP FLOOR CARE QQtf CLEANS and POLISHES Lge. Tin JfO NEW HOME GROWN TRANSPARENT APPLES 3 - 29' FRESH CATFISH - CARP STEAKS - SALADS COLD MELONS FRESH SOLID TOMATOES HOME GROWN. u 23' TASTY FRESH SKALI EST COTTAGECHEESE 'c i 0 2-lb. Carton LEAN FRESH PORK LOIN Lb. FRESH SLICED BOILED HAM »39* LARGE PORK CHOPS, BABY BEEF LIVER, AAjf PORK SAUSAGE lb. Ijjf SMALL FRESH SPARE RIBS FOR COOKOUTS—lb. TENDER LEAN BEEF ROASTS 49* »59< FRESH FRYERS - STEWERS - HOMEMADE SALAD CANNING SUPPLIES - SWEDISH and JEWISH FOODS HOME GROWN GREEN BEANS - FREE DELIVERY

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