The daily collegian. (University Park, Pa.) 1940-current, April 27, 1962, Image 2

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    PAGE TWO
4 Steel Firms Indict - •
• NEW YORK (1?) The nation, 1 Indicted with the big two of the'
two largest steel producers, U.S. l ,steel industry were Erie Forge &
Steel and Bethlehem, were in-!Steel Corp. and Midvale-Heppen-:
dieted yesterday with two sinaller'stall Co. Also named defendants
firms - on federal charges of rig -$were the trade association, Open',
'ging bids and fixing prices cm• Die Forging Institute, Inc.. and:
forgings. Sales involved were es-:the following individuals: 1
timated at $lOO million a year. •Homer I-Ackey, former man-
The grand jury complaint had!ager of U.S. Sties forged prod
To connection with the se,..a..to n: ucts commercial division and since
increase in steel prices earlier this,Sept. 1, 1960, president of Erie,
month, which was spearheaded Forge. r
by U.S. Steel. The increase later! •Erb Gurney, -- triiiiager. and,
was withdrawn under pressure l ßobert S. Barnes, assistant mana
from President Kennedy. ger of Bethlehem's,sales, forgings,l
The indictment charged that a TP fi g s and special products di- 1
conspiracy existed long before the v ' °n •
pricing crisis—beginning in 1948 • Emil Lang, board chairman of;
and continuing until 1961. It wasjErie Forge. _
said to involve steel forgings, ro- •R. B. Reppenstall Si.. presi
liirs and generator shafts sold toident of Midvale-.Fleppenstall.
the -Army, Navy and private man.- 1 The individuals, if convicted on
ufactiirers in violation of federal the conspiracy charge, could re
antitrust laws. (ceive a maximum one-year prison
sentence and fines of $50,000 each.
THE GOVERNMENT claimed'The companies would be liable to
bids and prices were synchro - 450,000 fines also.
nixed through a New York trade.
association that served 'as a clear 4 A BETHLEHEM spokesman
big hous.. ;said in a statement: 'We have not
yet seen the indictment. Bethle
;hem has long had a policy of
; 'Congo Heads to Resume 1 . •
Reunification Discussions. CZ1714 AII fi4
ELISABETH V ILL E, Katanga
(4) Foreign Minister Evariste,
Kimha announced today that
President Moise Tshombe will'
leave for Leopoldville Thursday
for further talks with Premier
`Cyrille Adoula on. unifying the'
Congo. 7-•
An advance party of Katanga
delegates will leave earlier to pre
pare for Tshombe's arrival.
* IWZVOMts *
STARTS TONITE
James Cagney
Arlene Francis
ONE, TWO
THREE
with Bond Buchholz
Let Collegian Classifieds
WORK FOR YOU
f;C 7 , 9 1 1) It's Spring
with
Delivery to sororities and fraternities
Fun to est whilefou're working on Spring Week.
Now !satin* :2' :IN
4.:44 - 7 :OS .!;- :20
!MN
ANT El4iBTfi 1!
Ho used
toys
like
most
(.•
• US!
money!
SPUDNUTS
Food U.S.A.
Fun
THE DAILY COLLEGIAN. UNIVERSITY PARK. PENNSYLVANIA
METROUIJ:MIit4oIAYER prawb
PAUL NEWhiAN
GERALDINE PAGE
SOSIDOII Tlgt ft/a
MOlNtilan
OP
_.4
EnTalltlEf•li?
ClNpiA:kls WE • IIItTROCMOR
Week
, •.
'Rusk, Gromyko Faii to Agree
i 1
strict compliance with all laws ap- On State of Berlin Discussions
plicable to its operations, and we:i '
WASHINGTON (AP) Secre-ia ' rrecs o .Ber lin.
would be greatly cont;erned if,_any;iwy. of State Dean Rusk differed; "The facts are," Rusk said em
lßethiehem employes. had D'uf today with Soviet Foreign Iphatically, "that we are in West
violating the law" * !Minister Andrei A. Gromyko!Berlin and we are going to stay,
U.S.Steel President Leslie B. about the extent of progress to-ithere."
Worthington also mined a state- s i ward a Ber li n settlement. 1 Rusk discussed the Berlin situs
merit which read in part: "Wei Rusk said that there is no agree- bon at a news conference two
intend to contest i n the courts thei me nt yet on any particular point days after Gromyka spoke about
charges contained in this indict - ;at, , issue in the current U S -So- it in Moscow at a meeting of the
merit and we ask that the public vie , ta lk s.
Supreme Soviet, the Russian
judgment until the case He added, however, that a num- parliament
has been decided in court her of problems could be speedily! Gromyko said there are hopes
"This indictment involves the, resolved if the central points in ,' for Soviet-American agreement on
,heavy forging industry which isldispute could be settled. Rusk em-three US. issues involved in
[separate and distinct from theipb si7pri that this would require; Soviet exchanges. He said the
basic steel industry. United StalesiSoviet acceptance of the contin- United States understands the im-
Steel is a very minor factor in[ued 'presence of Western forces portance of denying nuclear weap
this industry with a participation; in West Berlin and guarantees of ons to Germany.
of only about four per cent. Also;
.....r .--
heavy forg i ngs constitute a Aril
tually negligible portion of our
total business-
. ..
. • .
... .
.
New.tolleg.:Ditioi
,
~.....1-0e.71 E. ,,,, -;..r.e...i ,-; ",:,•':"...k.p(
STATE NOW
meet Miss MischieP
T~~ N N3i.OLA~;
1:3% 3:31, 5:32. 7:33. 9:34
11 0 SPRING W TIC EE K K ETS, CARNIVAL
witi be giveli away at TONIGHT'S
WEST HALLS'.RECORD HOP
CEN TER
• S
"1 -
Pena Stria A,,
Players Cir
KRRPP'S
APRIL 4tAYI4
LAST
TAPE. THE- R.
MAN'
OF
DESTI Y
• B:4°P " • ic.uc.:l3.d trt-Sitt,
YOU WILL
ABSOLUTELY
. -
EAT !UP •
THE BIG WEDGE
•
SIGMA PI -
ALPHA XI DELTA
RECORD
FRIDAY. APRIL 27.-1962
EKE TT
SPRING TESTIMONIAL :
it j.
owe
it a l to the'
WEST HALLS'
TONIGHT
8 -12:30
WARING LOUNGE
HOP."