The Daily Banner, Greencastle, Putnam County, 17 October 1957 — Page 4

THREAT TO SYRIA

' ft - ir'ii=m a er»ff Ar-ocfa- f er Russian code clerk Igor Gou- passing hia concern to President rj h n ; >nd< * t * * \ zenko fcsirs tl?&t Oommtiriistfl Ei9cnlio\\Gr. He S3ici Gcwzcnko 1 1 I’'*? ■ S - i « 4 'I H have been sabotaging the U. S. has never had any indication that ; , ror«d r tie member of jnissile progrrarn. the President received the wire ^ !,f%C/'';T 810n and tHe GOVern jr Gouzenko expressed his fear in and thinks Eisenhower’s assie-

given it to

Gouzenko expressed his fear in tfnnhs Eisenhowers a recording played today for the taTlt s may not have

Senate Internal Security eufocom- ^ ini *

Signed: W. Pete Anthony l-rank K. Carpenter

Karl L. Hogan

k.T. hido-r'’ wV-h 1 tVe ' l- nnlm mittee. The recording w'as made ' : T ' 11 • r- r- ‘■nt by Milwaukee broadcaster Rob-

ek Is required | *

■ ■ e ! i f (: d r- • r \ • s ert R. Secrest. who visited Gou-

r " * * any J* 1 . 1 zenko’s Canadian hiding place ■ re on fi!e in tne ° r uj.!i>' r« office. and interviewed him.

Putnam County Board of Com-

m , r,,Gouzenko is a former Soviet ! •; T'h H Hr‘. n wn 1>re?i,lent code clerk in Canada who defecti; n ed and broke up a spy ring in a A ‘ x f> '• '”7.04-21 1945 with his disclosures of its

operation.

In the recording. Secrest asked Gouzenko whether he feared that

In laving memory of Mary Communists have been sabotagHicks who passed away October ing the U. S. missile program and

IN MEMORY

Salah Bitar, Syrian F01 ign Minister, demands in a 1* i r . ddress

to United Nat 10’

eral Dag Harnr i r kj Id,

scale General Assembly debate on an item he calls "threats to Syria and to international peace” to back Syria’s charges of Turkish troop activity on the Syrian

border.

NOTH r, TO Ilf m» ”■ 1.011 I’ O « H \ S| - Ol ( * H l of| I s;; M\ I MK pi 1 \ \ m i'M VT4 SHERIFKJ* |

OII - l« 1: KOI? til.*'

The Putnam fount'. Comnn ■loners will receive fti 11 on Nf vemher 4th. I'W at 1:30 p. r oVIfK’k CST for th» P'H' ha *• of ior.8 Standard car. for w in th Putnam Cciintv Sheriff office. Specifications as n ■ onime'io*'

17, 1955.

"You were so monderful to us, So gentle, sweet and kind, It seems that we were always In your heart and in your mind. There is nothing we can say, "I Except a loving prayer

full- That God will bless y<iu dearest

one.

And keep you in his care. In our silent sorrow there is nothing we can do Except to live a better life in memory of you.” The family. p

whether he is “leery” of scientists who praise Russia’s scien-

tific achievements.

“Yes, I believe so,” he replied. Secrest told the subcommittee Gouzenko has sent a telegram ex-

Market Crashed 28 Years Ago NEW YORK UP — Twentyeight years ago today, the nation and particularly Wall Street was entering a period of gloom that was to precede the biggest stock market crash in all history. Today, despite a market dr cline that has persisted with few interruptions since July 12, Wadi Street is bracing itself for what Standard & Poor s in its current "Outlook” calls the “Golden Six-

ties”—A period of boom to be set off by demands for goods and sen-ices of a teeming population by that time. Standard & Pool’s adds that the year 1958 will see little change in the economy—a further levelling off in the first half and a recovery in the second half that will balance out the first six months. And the market break so far is seen as tame compared with that of 1929—no comparison, and no repetition of 1929, is the belief of the experts. If one measures the first part of the 1929 break the time is just about what this market has gone through in selling so far Back in 1929, the first phase of the decline came after the mar-

1929 trading tiin« occupied 257 (since July 12 In the 1929 period hours and total sales were 277,- the selling involved 2b percent 246.910, an average of 1,078,782 I of the listed shares.

shares an hour. In the 1957 decline from July 12 to Oct. 11 trading time amounted to 275 hours and sales 126,162,570 shares, an hourly average of only 458,773 shares. The losses in 1929 for the period amounted to 48 percent for the industrials, 32 percent for rails, and 55 percent for utilities. The losses in 1957 amounted to 14 percent for the industrials, 24 percent for the rails and 9 per cent for the utilities. There are two contrasts between this market and that of 1929. There are others: 1. This market of 1957 still is

THE DAilY BANNEW Till RS.. (XT. 17. 1957. Pane 4 UKEENCASTLE. INI).

ket had set its record highs on | an investment market, 'With

stocks held by big and small investors who aren't eager to sell. They’ve only unloaded less than 3 percent of the listed shares

Sept. 3. It carried on to Nov. 13 when a temporary recovery set

in.

In that period of decline in

2. The market of today is practically a cash market. The 1929 market was based on cost amounts of credit. Today's margins are 75 percent. In 1929 they were as low as 5 percent. Wall Street experts say there really isn't any comparison between the two markets. But this one has been hurt by selling and not a few of the market men anticipate further selling before a ewlid base is established for a broad recovery. Reasons for the 1957 decline can be stretched out to a long list, but they center on a few such as tight money slowing up business and high costs pinching profits to the point where dividends might be lighter in tne months ahead. The decline so far has produced losses in many issues held b\

investors and it is believed they will take some of these losses in the months ahead to lighten their 1958 income tax payments on 1957 income. Capital losses can be used to offset capital gains and part of them can be taken against regular income over a five-year period at the rate of ^l.OOO a year.

IS YOUR BODY RUFF AND FENDERS BENT? Bring It In To 7 East Franklin Street Ask for Joe and get the 100% job you have always wanted, •lobs not too large or too small. HESS SALES AMD SERVICE

Most persons can read uninterruptediy lor six hours withou’ riffering eye strain or fatigue.

mmm

- HEAVEN - a Your FaJsire Home • Where is it ? • Whit will it he l.kr? • When wi!l it eonie? Ile:(r The Bible Answer Friday 7:30 p. m. Oct. IS 3 VI the Lions Chib E.'Ehn and S. Maple COLOltED FIIAI The second in the Bo(»U of \cts %r.cs “A Faithful \fduess” SONG SI RYH E Favorite Hymns Special Music Everyone Welcome

Cooler Weather Follows Rains

n\ I V ITK.II PISKSS Cool clear weather moved into the Mississippi Valley today following torrential rains and tornadic winds that indirectly caused the death of three person in Central Louisiana. The three were killed in high way accidents on rain-swept roads. Similar storms struck yesterday at "-Afoss Point, Miss., and Milton, Fla., causing damage to crops and power lines. Rain this morning swept down die Ohio Valley toward the Gulf Coast 'states, dousing West Lafayette. Ind., with a one-inch down pour and giving Nashville and Chattanooga, Tenn., a halfinch of rain. In the Pacific Northwest, Seattle reported a half-inch of rain last night, although the rest of the area reported only light showers. There w-ere a few light showers in the Central Hockies ami the plateau region. The cool air in the Central Plains states pushed temperatures down in the Mississippi Valley while it hustled the storm front southeastward into Alaba ma, Georgia, Florida and the Mid-Atlantic states, where rains is forecast.

Fears Sabotage Of U. S. Missiles Washington iup)—Form-

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Rus-sells

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fURNITURE- RUGS • APPUMKAS

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