OSER 24. 1957
THURSDAY. 0
k Market
'Big Day'
Stogy
Has,
,RK, Oct. 23 (/-P)—A skyrocketing stock market WA. IiINGTON, Oct. 23 t.-P)—The State Department chs
6st one day advance in 28 years today as buying closed officially today that "we are reappraising" United
WASHINGTON. Oct. ' l 3 1.1 , 1
Into Wall Street from all sections of the country. Herbert Brownell Jr. resigned to- States programs of economic and military aid for Communist
icks jumped $1 to $lO a share and the quotedidaY as U.S. attorney general. Yugoslavia.
He said the settling of federal. From other sources it was learned that a tentative
oct ks listed on the New York Stock Exchange policy in the Little Rock school
i'boomed an estimated $7,200,000,- integration dispute freed him to decision to suspend some of the!
.000. return to private law practice. assistance . has already been made , •
udge Rules
but final decisions on what should
I The Associated Press average! The White House said Presi
lof 60 stocks gained $5.80, closing'dent Dwight D. Eisenhower ac- be cut r o e ff a., a o r n e debated. f s o t r ill4ei u ng sact l
action.;
n Ike , Macmillan
Bosses igged !oatnesl 6 - 70 a . dTvhaniscew
s a i s nc t e he N b o i v gges 3l t ic a e p ptel the
p. res A ign v a . tio
tt Ce n n. 41111 1' %
officials said, is clissa . ti . sfac - t ion . ; B 1
eg'n Talks
i h
!1929, when the gain was $9.10. P. Rogers Jr. to the Cabinet postst Titos recognition WASHLNGTON, Oct. 23 1-41—
• i The estimate of increase in the Rogers is a - close friend of Vice last we e k of P
offa's Election :quoted value of stocks is based on:President Nixon. Communist East rcsident Dti. :gilt D. Eisenhower
,the gain in the AP average. i Brownell is the sixth member - G
e ern any and and Britain's Prime Minister liar-
WASHING N, Oct 23 (.4") •—1
I In crowded brokerage houses.of Eisenhower's original Cabinet questions raised old Macmillan tonight began a
Federal Distric Judge F. Dickin- i throughout the financial district l° res ig n- here as to wheth- sweeping, three-day review of
!
son Letts rule today that Team-,many market analysists and cos- Just when he will relinquisher Tito is moving Western strater, to cope with
his office was not announced.
homers attributed the resurgence; back into ttie So-
sters Union b sses conspired to'
,However, Brownell suggested in Russia's scientific and diplomatic
!to President Eisenhower's state
rig the recent convention which. m • that he a letter to Eisenhower that he• viet orbit,
Most top U.S. ichallenges. -
electedk ent last night - James . Hoffa presidenvgive talks on the national econ- With only their foreign policy
two weeks_ ly take the line chiefs beside them, the two of ,the the union. iomy. I
, The White House said Brown- Tile ernment heads talked' over steps
Letts issued a preliminary in-,
• I "Eisenhower'sstatement
was that Tito prob
ell will rejoin the New York City ably does not intend to abandon !
junction contin ing a ban on Hof- far and away the dominating to strengthen Etrit.sh - American
law firm of Lord, Day & Lord. his position as an independent'nulitary and scientific cooperation
a and the other newly-elected factor." one broker said. adding,
~ 'which he left to enter the Cabi- free of mos - kin the face of such Soviet develop
union officers from taking office: "the market! was ready to rauyCommunist leader,
net' It said he would act as an cow dictation. However, the Ei- i h l ' df" f
until there is a trial of the case• anYway:
1 :adviser to the firm for two years,•senhower Administration has been, ments as te c aime iring o an
,t n t er continental - range ballistic
on its merits. 1 The huge rise also was attrib-; instead of as a partner, because under heavy pressure in Congress
_The 82-year-old judge set Mon-:uted to technical factors involvecliof the conflict of interest law bar- in the last two or three years be- earth satellite.
'missile and the launching of an
day as the dealline for Pre-trial'in an expected rebound from an ring former federal officials from cause of its assistance to Yugo Eisenhowermotions and said he will fix the'oversold condition. Stocks have;ha ndl i n g government cases. slavia and feels the greatest car '-in walked
. out on the
: steps of the north portico to greet
actual trial date as soon as pos-,been declining since mid-July and:Brownell will deal only with non-.must be exercised in dealing withi
}Macmillan personally when he ar
sible thereafter. yesterday' reached the lowest lev-;governmental matters, the White the problem.
1 • ri-ed at the White House for the
In his order, Letts refused toid in 2'.
years. House said. , State Department press officer, •
put the giant union in the hands! Whatever the cause, brokers Brownell held an informal news ; Lincoln White told a news confer-'start of the conference
of court-appointed receivers and reported buying orders came ! conference shortly after his resig- , ence today:
tie up its funds. This had been' virtually from everywhere. in- nation and announced and dis- , "In the•light of recent develop
sodght by the 13-man New York, eluding the mutual funds and :claimed any ambition for further'merits, we are reappraising our
Teamsters group which took the financial instilulions•which are :public office. programs for Yugoslavia. We ex
case against Hoffa's election to a major factor in the modern . He was asked - if he might be: pert to discuss various aspects of
court. l stock market. 'Republican candidate for govern-;this matter with the Yugoslays,
-
Martin O'Donoghue, the Team-1 Some brokers felt Eisenhower's ! ,
or of New York next year. Brow-'but when these discussions will
sters attorney, bitterly protested'statement last night was reassur-'nett replied with an emphatic take place I do not know at the
I
the judge's findings. He said he'ing to foreign investors who havelN°. moment.
would appeal to the U.S. Court'sold American stocks in recent,
of Appeals tomorrow. :weeks, and particularly since Rus- 5 Respiratory Deaths 'Christian Dior Dies
Judge Letts, O'Donoghue said,'sia's Sputnik was started whirl-! By the Associated Press 1 MONTECATINI, Italy, Oct. 24
has practically branded as illegal,ing around the earth. I Five new deaths from respira- (R)—Christian Dior, French fash
the entire union convention and! Industrial stocks in the AP av-story ailments were reported Wed- ion designer of the famous "New
everything it did—without hear-!erage gained $8.90, rails $5.40 andnesday in Pennsylvania, bringing• Look," died in a hotel at this
ing proof. utilities 31.50. The Dow Jones in-'the total in the state to 63. northern Italian resort today
NEW V*
made its bigg
orders swept
Major st •
value of all s
A Great Sale Now in Progress
Offering Great Sales Values
ALL HUNTING CLOTHES reduced 20%
One Lot HUNTING CAPS . . . . 50% off
Many RIFLES and SHOT GUNS
used only one day reduced up to 30%
ALL HUNTING BOOTS . . . . 20% off
Special on standard load shot gun SHELLS
all gauges - Box of 25 $1.95, 3 boxes $5.50
GUN CASES for rifles & shot guns 40% off
TEN MARLIN RIFLES, 30-30 . . $39.50
THE DAILY COLLEGIAN STATE COLLEGE PENNSYLVANIA
Several Typewriters 30% off
Ono lot of
Camera Supplies specially priced
World Mos 20% off
METZGERS
111-115 S. ALLEN STREET
"You Can Get It at Metzgers"
Cabinet Post U.S. Begins Reappraisal
Vacated By Of Aid to Red Yugoslavia
Brownell
Special on . . .
WHITE DRESS SHIRTS
2 for $4.95
ALL TIES ... 50% off
STRETCH SOCKS ... 50% off
ELASTIC BELTS . . . 2 for $2.35
Wool Shirts and Crew Neck Sweaters
25% off
•
One lot of
field glasses & rifle scopes 30% off
Sleeping Bags 20% off
Camping Blankets $3.95
Special on
footballs, helmets & shoes 30% off
Hungarians Mark
Revolt Anniversary
VIENNA, Oct. 23 (.4"l—The Hun
garian people marked the first an
niversary of their anti-Soviet re
volt today in sullen silence under
the guns of police.
The Communist government of
Premier Janos. Kadar warned
them in advance any demonstra-;
tions would be crushed. He had
nine Russian army divisions to
back him up.
PAGE THREE