Winona Daily News Winona City Newspapers
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Winona State University OpenRiver Winona Daily News Winona City Newspapers 5-29-1962 Winona Daily News Winona Daily News Follow this and additional works at: https://openriver.winona.edu/winonadailynews Recommended Citation Winona Daily News, "Winona Daily News" (1962). Winona Daily News. 285. https://openriver.winona.edu/winonadailynews/285 This Newspaper is brought to you for free and open access by the Winona City Newspapers at OpenRiver. It has been accepted for inclusion in Winona Daily News by an authorized administrator of OpenRiver. For more information, please contact [email protected]. Rain Tonight, Cloudy, Cooler Wednesday Senior iVf//ec/ on f ve Andersen Urges Industries to Signs of Upturn Of School Gmduoflon Consider State ¦ CHICAGO (AP ) — Minnesota has a well developed social plant available to industries and busi- nesses who move there in contrast *** A to other states which" are offering In Stock Market tax incentive* as a main attrac- tion. "Plants moving into those lat- ter states will arrive just in time to start paying the bills for the community services they will be needing, in contrast to the fact those services already exist in Minnesota," Gov. Elmer L. An- der sen told a group of board chair- Tier* and presidents of Chicago- las-ed corporations Monday. Andersen , talking at a "Sell Min- l es-ota" luncheon , said industrial- ists should take a fresh look at his state before expanding or set- ting up branches. ''Brainpower is our key factor in appealing to out-of-state indus- mmsmmmmmmmmmmmmxmmwa-omemaa^ try ," Andersen told the gathering. WRECK ED STATION WAGON A A . Jack control on a blacktopped hill in a residential I He cited Minnesota leadership in Sobotta , 18, Arcadia, was thrown from this district. Inspecting it are, left to right , R aymond j such fields as electronics, other i scientific industries and medicine. vehicle at 12:20 a.m. today on Arcadia 's Main Kamorowski, Ttiomas Bautch and Ted Hanson. Street and died V.i hours later. Two other passen- (Daily News photo* gers were thrown when the wagon went out of ARCADIA , ' Wis. * ' Special'-An I High-Altitude 18-year-old Arcadia boy-Jack So- j botta—will not be at commence- < ment exercises at the high school ; to receive his diploma tonigh t , be- \ Senate Rescues cause he died early this morning, Shots Planned Pa hours after receiving a crush- ed skull when he was thrown ,1 from the 1956 station wagon in i New Works Bill which he was a passenger. |In Mid-Pacific By JACK BELL The accident happened on High- j By FRANK CAR EY WASHINGTON- './-P. — The Senate, which saved a chunk of Pres- ways 95 and 93 and Main Street in j Kennedy's political bacon on the farm bill . last week, has come Arcadia . WASHINGTON AAP> - The ident most spectacular shot of the through with a cliff-hanger rescue of his battered public works pro- U.S. NEW YORK STOCK EXCHANGE ... This was the scene Monday's decline wax the worst since the crash year of 1929 JACK HAD been home all Mon- j nuclear tests in the Pacific will at the 10 a.m. opening today on the floor of the New York StOck KAP Photofax* . gram. day evening, , begin in about three days. These However , Kennedy did not escape a lusty cuffin g around Monday his mother Mrs. ! Exchange. Prices continued to decline sharply in early trading. the compromise $1.5 Ralph Sobotta. said this morning, i are the high-altitude bursts whose by outnumbered Republicans with passage of brilliant glow will "backdoor spending" and "power He rested after supper and stay- be seen for billion measure. Thev plastered ed around the house until between hundreds of miles. grab" campaign posters on his Big Wall Street Question standby 11 and 11:30 p:m. wfien four The * three or four blasts with Two-State Vote ¦¦ \ original proposal for friends came and picked him up: Some Prices i public works j tb-eir high-soaring nuclear fire- ' authority to trigger Within an hour, Jack had been < . .WASHINGTON iJV-Kere is i in a threatened recession. balls and glittering aurorae may how Minnesota and Wisconsin ! thrown from the car about two temporarily disrupt some radio The sum and subatance of it all blocks from home. Mrs. Sobotta senators voted Monday as the j was that Kennedy got part way communications and radar ob- thought they might have been servations. Steady After Senate passed President Ken- \ over a shaky bridge with two ma- ' bringing him home. The accident nedy s compromise $1.5 billion i jor measures of his New Frontier Militarily, the shots obviously When Will Market public works biJ! 44-32. happened about 12:20 a.ni. program. But there was no as- , are designed to test the effects of Minnesota — Humpbrey and Charles Halverson 18. Gales- surance the flimsy structure ville, was driving the station wag- ![high-altitude blasts on the nation 's Panicky Selling McCarthy for. would not collapse in the neces- wartime communications Wisconsin — Wiley and Prox- on belonging to his fattwr, Nor- jj gear- By JACK LEFLER sary encounter with the winds of Ar- arid on electronic monitors mire against. man. When George Frisch, de- House action. cadia policeman, was called to the si gned to detect oncoming mis- Bottom AP Business News Writer House Republicans prom- Hit the haw* ? scene by Mrs. C. E. Fugina—the siles. By JACK LEFLER based on the fall of The Asso speedy tape was installed In 1930. NEW YORK (AP)-Fainf sign* ised a tough fight against the accident happened in front of the AP Business Newi Writer ' dated Press 60-slocfe average. It finished reporting the last of a rally appeared in the stock public works measure when it The government announced Keep Lights On Monday the series will be fired NEW YORK 'AP> - The stock j This cut the total value to $301.5 transaction at 6 p.m. market this afternoon a3though reaches the floor. The House Pub- market has been battered by its • billion from $388 billion at the end The massive selling gnawed emotion-packed selling continued Committee has ap- over Johnston Island. ' lic Works worst loss since the crash year of- of 1961. deeply into the prices of blue chip to send prices hurtling downward. JAemorhl Day. proved a $900 million version. The first shot , with an explosive force of something less than a 1929. stocks—the solid , high-priced is- Some losses were turned into As passed by the Senate on a The AP average fell 13.40 to gains and Drivers Asked to 32, the bill million ton s of TNT—a megaton— The big question: "Has it hit sues considered the foundation of declines were shaved. final vote of 44 211.20. The Dow Jones average Earlier would authorize $750 m ilJion for H-il! be exploded at a height of bottom?" the market. almost the entire field ST. PAUL (AP) — G ov. Elmer " The market 's long, sharp de- ; plummeted 34.95 to 576.93. These of prices had melted rapidly as immediate spendin g on job-creat- lens of kilometers." Educated were the biggest tumbles taken International Business Machines iL. Andersen asked all motoring guesses put this at about 30 to 40 cline swelled to tilan ic propor- 1 selling ballooned beyond the mas- "lights on ing public works projects in dis- by these averages since Oct. 28, slumped $37.50 to $361. Du Pont Minnesotans to join the -.would au- miles. tions Monday as trading rocketed j sive volume o f Monday—highest drive" which begins aft- tressed areas. It also 1929. 312.50 to $202.50. American Tele- for safety $750 million that to the highest level since Oct. 28. j in 29 years. and ex- thorize a second phone $11 to $100.62, and Standard er business hours today would be available after July . ] , Two following blasts—one in th* 1929 — the day before climax of ! Volume of 9.35 million shares The panicky desire to get rid tends through Memorial Day. megaton range, the other less the crash. swamped the high-speed ticker Oil Co. < New Jersey) $5 to $46. of stocks swept across the nation, 1963, as a standby if unemploy- \ The wave of selling—blamed on The governor said many Minne- ment worsens. Kennedy originally than a megaton—will b-e triggered The plunge wiped out an es- \ tape. ignoring all accounts of good busi- sotans will be leaving for lakes higher—up to 500 miles , according timated $19.5 billion from the The tape was one hour and 9 a panicked public—was accelerat- ness, and had worldwide rever- asked $600 million for immediate ed by calls for more margin. The and stream? after work today. Al- billion in standby to some sources. The Atomic En- quoted value of stocks listed on minutes late at the 3:30 p.m. berations. spending and $2 requirement is for a 70 per cent though daylight continues well into authority. ergy Commission would go no the New York Stock Exchange. ' close, the longest lag since the the evening hours , the- governor , 39 Demo- -further than "hundreds of kilom- cash down payment on-stock but The London Stock Exchange On th* final roll call suffered its urged all drivers to turn their Republicans support- eters." One hundred kilometers is losses of more than 30 per cent deepest declin e since crats and 5 have hit many issues, the Munich crisis of headlights on low beam as a re- compromise bilL while 8 6© miles. September ed the American Telephone, 1938.