FRIDAY. JANUARY 7, 1955 Stock Market Hit By Sellin:•, Wave NEW YORK, Jan. 6 (fP)—Waves of selling _engulfed the stock market today for the second day in a row, but a rally in late after noon trimmed losses. At the close, wider declines West Germany Awaits French Firal Action BONN, Germany, Jan. 6 (R)— Should 'West Germany's Parlia ment wait for final action by the French before ratifying the Paris rearmament treaties? Adenauer himself is in a hurry. He. wants German ratification early next month of the pacts, which would give the Federal Re public sovereignty and authorize the raising of German armed for ces for NATO. Some Bonn politicians, nowever, still have rueful' memories of last year, when the West Germans rat ified the European , Defense Com munity only to see it rejected later by the French National Assembly They argue it would be better for the Germans to hang back this time and see what •he French do. This vievo . was reinforced by ,the difficulties French Premiar Pierre Mendes-France had in getting grudging approval -of the Paris treaties by the French Assembly in December. Altoona Mayor Orders Lady Cops Into Slacks ALTOONA,. Pa., Jan: • 6 (Th Mayor Walter H. Grove, tired 'of lady cops complaining of arthritis and other discomforts .caused by standing on cold 3ayements, to day ordered them to wear slacks. Mrs. Jane .• Berard, one of this town's 37 lady cops who guard school children, refused and re signed. It Happens WASHINGTON, Jan. 6 (JP)—At 12:31 p.m. today the House door keeper, William N. '"Fishbait" Miller, hurried down the center aisle of the house, paused and announced:' "The President of the United States." And the general who had lost a political war smilingly advanced into the camp of the enemy to talk of the State of the Union. Such are the wonders of U.S. politics that the Democrats, who were snarling at the Republicans two short months ago, applauded as loudly—well, almost as loudly —as the Republicans. The President himself, who had Warned of dire consequences if the Democrats took over the Con gress, began with a graceful compliment to one of the leading Democrats, Speaker Sam Ray burn of Texas, celebrating his 73rd birthday today. And Eisenhower went on to say how he and the Democratic con trolled Congress would have to work with each other. Everybody cheered politely. Probably it won't last long, but until something shatters the har mony; peace, it's wonderful. Possibly next to the President the person who attracted the most attention was a moderately husky man With a built-in scowl who sat in the diplomatic section, Georgi N. Zaroubin, the Russian ambassador. Zaroubin smiled pleasantly as he sat down, and he applauded when Eisenhower came in. CHICK WAGON (under new management) Specializing . in BUDGET LUNCHEONS for STUDENTS 200 E. College Avenue ranged from $3 to $5 a share in 'the higher-priced issues. Volume surged to 5,300,000 'shares, greates since Sept. 5, 1939, when. war broke out in Europe. Selling became so intense in the afternoon that the ticker dropped 13 minutes behind in re porting transactions on the floor. Brokers' offices were jammed and their phones seldom silent. Announcement that a Senate com mittee planned to study the . long rise in the market-brought a flood of new queries to dealers. Teletype facilities linking up town brokerage offices with their Wall Street headquarters were swamped with orders. On the floor of the exchange, activity was hectic. The visitors' gallery was crowded. Brokers watched closely fo r signs that • the big group of new investors was selling. They re ported considerable unloading by "non-professionals" but expressed belief that the great majority of smaller investors was holding on. It was difficult to pinpoint the role the average investor was playing. One broker declared 'the public today isn't speculating as it was in 1946, when the market reached a peak and then sold down sharply. It's widely believed that most newcomers to the mar ket are buying ,securities to put away in strong boxes—not to make a quick profit. The market started sliding yes terday when it suffered the widest break since the' Korean War broke out 4% years ago. The decline was touched off by Federal Re serve Board action raising mar gin requirements from 50 per cent to 60 per cent, but many analysis suggested the market was ripe Ifor a sharp fall anyway, having climbed so high. ht the U.S. But from then on, his expres sion didn't appear to vary. Even when Eisenhower was discussing the Soviet Communists, Zaroubin's expression didn't change from one of glum contem plation. Eisenhower's speech wasn't the kind that causes a hearer "to ruin his hands by beating them exces sively. State of the Union Mes sages, which try to sum up literal ly almost everything in the world, rarely are. But when he finished, with an apology for having talked so long, 53 minutes, Republicans, Demo crats and most of the diplomats joined in the applause. Many eyes were on the man with the scowl. Georgi Zaroubin didn't applaud. et 600 eli , . fgHiVy. .:'..- 03 4,v, . ; , M :..- ' OW 1 ' ? 2 '. ' - :• 1, -. Dean Jerry Martin Lewis "3 - RING CIRCUS" 000000 , Doors Open 5:15 p.m. JOAN CRAWFORD "A WOMAN'S FACE" with Melvyn Douglas Featuretime : 5:39, 7:34, 9:30 THE DAILY COLLEGIAN STATE COLLEGE PENNSYLVANIA Luxury Liner Rescues Ten Off Bermuda Jan. 6 (W)—The gay •luxury liner Queen of Bermuda back tracked 150 angry ocean miles to day to take 10 hapless fishermen from their foundering craft in mid-Atlantic. All told the actual rescue opera tion took about 90 minutes, but they were breathtaking ones both for the rescuers and those rescued. Once, blown by wind and waves, the derelict Student Prince II passed hard by the Queen of Bermuda's bow. Those nearest the bow of the Queen said a possibly tragic collision was missed by only a few feet. The ten who were saved, all from Newfoundland, comprised the Student Prince's entire com plement. They were exhausted by their ordeal, but only one had suffered injury. The Student Prince; . taking water badly, sent its first call for help about 11 o'clock last night. Atheistic Propaganda MOSCOW, Jan. 6 (JP)—The newspaper Soviet Culture dis closed today that Soviet culture ministries have stepped up their propaganda for atheism, but with due regard for the warning from Communist party chief N. S. Khrushchev to avoid unnecessary roughness against churchgoers. ~ ~ ~ ~ ~ ~ ~ » y ~ \ • .;•;:i:';:z.f.i.:K:i;:?•l [~ %='~:° A Campus-to-Ca O'Hara (left) works out a problem with a member of his crew His territory : TWO CITY BL James O'Hara, Stevens Institute of Tech nology (M.E. '5l) , is an installation fore man for the New York Telephone Company. His present assignment is two city blocks between 45th and 47th Streets in the middle of Manhattan. "It doesn't measure very big horizon tally,"Jim says." But vertically it makes up a lot of telephone business-7500 telephones to be exact. My eight-man crew does everything from installing a single telephone to working on complete 'dial intercom systerhs for some of the nation's biggest businesses. You'll find that most oilier college men with the tele phone company are just as enthusiastic about their jobs. If you'd be interested in a similar opportunity with a Bell System Telephone Company—or with Sandia Corporation, Western Electric or Bell Telephone Lab iiratories, see your Placement Officer for full details. 4 Claim to Be 2000 Years Old NEW BRITAIN, Conn., Jan. 6 (?P)—Four Polish refugees claim ing to be 2000 years old, including one who professed •to be Jesus Christ, were ordered to undergo psychiatric examinations today when they appeared in City Court. John , Tschaplinski, 50, one of the four, was arrested ',3y police Tuesday. They said he was garbed in a loin cloth made from a diaper and was wearing a cro w n of thorns which caused him• to oleed from the hea d. Tschaplinski showed wounds in his hands and feet and claimed he was Jesus Christ. Also taken, into custody were Mieczyslaw Majewski, 38, and two women, Antonina Susz'iko and Dina Karanowicz, both about 30. Warrants were sworn out for their arrests after police received com plaints of "something peculiar" going on at the tenement where all resided. They were booked on an alleged violation of a state law forbidding persons to claim to be a deity. • Dressed ,in black robes, with white cloaks covering their shoul ders and Bibles in their hands. the four made their appearance before Judge Harry Ginsburg. Following the recommendations of the city attorney, Judge Gins burg ordered the examinations and continued: the case until Jan 15, pending the outcome. Bail was set at $lOO each. reer Case Hi ~:: i'i:'%"'.~: ': "I've got to know about each of these jobs that my men do. My training with the telephone company took me through the installation, repair and testing of the various types of telephone equipment and service for which I am responsible. I even had a chance to do a little experi menting of my own and developed a new way of preventing oil seepage on auto matic switching equipment. I under stand it's being written up for use throughout the Bell System. "That's what I like about telephone work. Even two city blocks are full of opportunity." Dag, Chou id First \Aratini UNITED NATIONS, N.Y., Jan. 6 (VP) Dag Hammarskjold and Chou En-lai talked for 3 1 / 2 hours in Peiping today about 11 Ameri can fliers jailed as spies and other UN personnel held by the Com munists. The UN said they will meet for a second round tomorrow. The UN secretary general and the Premier-foreign minister of Red China went into their first formal conversation flanked by high, British-trained legal advis ors. UN circles here speculated that the legal aspects of the issue revolving around the imprisoned fliers were paramount in this ini tial meeting. Hammarskjold flew to Peiping in a dramatic effort to obtain the release of the American fliers and the repatriation of other UN per sonnel held by the Communists from the Korean War. In UN Assembly debates on the issue, the United States and its Allies declared the fliers were mil itary personnel, not spies, and should be treated as prisoners of war. The Communist bloc replied that these men were shot down in China on an espionage mission and their convictions were in ac cord with Chinese law. story .............. •••••••••••••• ••••••••••••• ........,...... ~ \& ~ /. ~~: :may —~ 2 /~~ \ n.N.,...4:" Lt Ai1ij0x i..'0:ww..,....,...,. :....,...Aig5,,,,,,,,,i, PAGE THREE L; l ia l Ud ~~ ~F ~ ƒ~q~ BELL TELEPHONE SYSTEM
Significant historical Pennsylvania newspapers