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Daily Iowan (Iowa City, Iowa), 1962-05-30

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Daily Iowan (Iowa City, Iowa), 1962-05-30 " Two Petitio-ns Near Climax; Anti-ROTC Protest Retired . at . ~ By STEVE SANGER lion. old or new. which did not chairman of tbe SPU committee in tmd owap~ IOCDtJ Cilfl ." 1M of StAH Writer comply with this rule by Oct. 1. charge of the petition. id it was 1965, would not be recognized by thought that "DOt l"DOUgh signa. ThiS spring se\'eral petitions u-N'ehed .... May the Univer ity. ture were gathered." Iowa City. Iowa. WedDelday. 3D. 1111 have been circulating on the SUI Kash said. "Our complaint in· campus. A report on three 01 the Tbe intention had been to send volved the probl m of local auto­ the petition to the State Board or most important ones follows. nomy of stUdent organizations and Regents and President Hanchl"r. A Larry Barrett, in charge of the the committee's statement dealt letter king for abolilion was sent faculty petition which charges with it adequately. We are hoping to the Board several w~ks ago. "subversion" of University racial its intent will be carried out." SPU conducted a pickeling demo policy because oC outside pressures The olde t pelition. which called onstration at the Military Ball. on Crllternities, said Tuesday the for the abolition of compulsory March 30. petition will be submitted to an of· ROTC at SUI and was sponsored Sanger said a concentrated drive Market Makes Upt urn ficial group by "the end of the by the Student Peace Union. was is planned by the peace group at . ' week." signed by about 300 per ons. But SUI regi tralion this fall in an at­ Barrett said the petition, written it will not be turned in to any 0(' tempt "to discourage incoming by James Murray, associate pro­ ficial body. students from 19oing up Cor * * * fe sor of political science, and Duane Sanger. At. Iowa City, ROTC." Happy Brokers Investor, J2, Looks lor Slow Recovery Fast Trading\~·· John S. Harlow, associate profes· sor of general business. has reach­ * ed a "broad spectrum of the fac· * * * * * ulty including almost every depart· Sees Tickers ··~:; ment in the University." 700 Sign Petitions Here Celebrate End F~~':'~I'!:_~~!''P-S~~~~~!.!~d;~t~a~-=~ ... t "This petition has a substantial ster looked Tuesday for a recov· was behind "he's above average down." Pete said, " because last number of signatures. Either the Day ery from the worst. setback of for this market." year's earDin&.s were up even in Board of Regents, the Faculty Protesting End of Clowns eld bis investiDlr career. B u l his Pete got into stock buying with a receuion." Hours Behind .::. Council or President Virgil M. Han· Of Wi broker said Pete - who's only a gift oC a natural ,as issue. He Pet e attributed the market cher will be given the petition." Last Wednesday's announcement sible, askinr them to send leiters 12 - was doing belter than many sold that - at a profit - and break Iarrely to sellin&" by small Statements of OHiclah Barrett added. by the Board in Control of Athletics 10 the Board in Control of Athletics Visitors Gallery Full; adults. boutht other atocks to put to- investors. He contended Pre&ideat In Walhington TrIg,_ The faculty petition c h a r g e s to eliminate the Iowa clowns has protestin& the dilcoatinuance of the Public Waits Outside Pete figured he was ,..2 behind gether a f340 portfolio. Then a dip Kennedy's actJon In the steel "conspiracy to circum\'ent Univer· resulted in nearly 700 signatures on clowns. on his investment In his four. started and Tuesday he fifW'ed price increased started sellint In Heavy Buyin, Demantl sity policy prohibiting race as a petitions to counter this action. He also said ,that he hoped the For Look At Trading &lock portfoliO on the basis of his value at $2911. many 8t«k.s which were over· criterion of fraternity member· Jim Gebbie. A2. Hawarden, orig· petition would be signed by alum· Tuesday's price. Some oC his "At one time I W81 quite a bit priced and that this in turn led NEW YORK (UPIJ - Tbe stock f I ship." and that "overt pressure" inator of the petitions. reported 310 ni, athletic fruu and parents of NEW YORK CUPU - Brokers stocks, however, howed sien of ahead." he said. "But you never to a lot of emotional selUnr. market shook off Its bypochonilrta ha come in the past from outside signatures Crom fraternities and SUI students. on the Ooor of the New York Stock rallying. can tell." "Some of those stocks had to TIIttdsy and staled one of the sources to dictate the conditions of sororlties. Ralph Hillman, M. Ea· In September. according to Hill· Exchange blew of( steam in II wild The present market Is especial. come down because they were wildest afternoon rain. in the hIS· membership in fraternities at SUI. sex. retiring captain of the clOWns. mlln. all materiaJ$ favorine the d monstralion oC shouting and Pete, who has traded In slocks Iy hard to figure, Pete said. A overpriced," he aald. "but oUt- tory of tbe New York Stock :Ei. These allegations refer to the said that 345 signatures were ob· continuance of the clowns will be whl!tllng Tuesday at the end of th since he was eitht, looked for aa utility stock he owns weathered el1l I don't know what you coutd change. Delta Chi·Andy Hankins depledg· tained in Hillcrest during Tuesday's submitted to the Board in Control two most tumultuous mark t ses· eventual recovery. although b a sharp market fall earlJer this blame betIdes Kennedy." With the tick rs, capable ' Of, ing incident in the spring of 1961 . Ilmch hour. 01 Athletics in the Corm of an ap­ sions slnce the great crash of more said it might be veral mOllth price increase started seUiDg In H i. s broker supported Pete', printing 500 characters a minute. The faculty petition asks for a Hillman said that the petitions peal. "These Items will Include the than 30 years ago. away. dropped n arly $7 but Pete saw analysis. Pete, he sald. "Is better runnin, Dn almost unbelievable "prompt and thorough inquiry" by have also been circulated in some petitions. letters to the editor and The day started grimly and witb He consulted with his broker hope In Tuttdsy's price. which acquainted with the market tban two hours Bnd 2S minute. late in Hancher into Its charges of "sub· classes. He said one class was in· fnn leLters from around the na· a tr mendolls selling rush contin­ during the day and scanned the showed the (irst rl since it many investorl. He looks at the recording Itock IrensactJons at version" and "conspiracy." It does terrupted to obtain signatures. tion." he said. ulng Monday's nosedive. Then, at market for passlbl bargains. hellded downward. fundamentals." closing time. most llaues bad re­ not ask. speci£ically. Cor a reopen· HiUman said that this summer Neither Hillman nor G ebb i e noon. an upward tum In basic covered not only their sharp mOrD' ing of the Hankins case. he and the other clowns would try could give a reasoa as to why the stocks began to appear and the ing losses but also a ,ood deal C1f A student petition with about 300 to contact as many persons as pas. clown were dropped. mu1tled roar from the pit 01 the No DI Thursday tbe deep declines lU'ferecl Millo , , signatures. in support of the Cnc. 5&-year·old build in, rose to a cre • day. lllty petition will "probably' be cendo. Since lod y I~ Memorial Day Texas Grand Jury dropped because of a recent reso­ ond Univer ity offices ore clo d, Generally. market expert& .t· Pre Ident Kennedy came in (or trlbuted the rally to a feelinl that. Julion passed by the Committee on a barr8fe of uncomplim ntory reo there will be no Thur dny Is u of Student LiCe. according to Donald Safety Warning The Dally Jowan. Publlclltion of emollonol sellin, had pushed marks from brokers durin&: the Kash, G. Macedonia. Kash. with lhe DI will resume Friday morn· prices down more than wal war· day. In late morning. when the Gets Estes Report ranted and that many IISuu ftrt Richard Wells, G. Charlotte, N.C., ing. market seemed to be heading even selling lit "barlain" levell. 'I'hW wrote the petition. Curther down. one turned to an. FRA KLIN, Tex. (UPI) - Tb JusH e Department agreed The Committe. on May 15. reo belief was supported by courace, Issued by Council other on the elevator ot the ex· Tuesday to hIm th complete t xt of :l conEld ntial report on bol terlng statements from solved that local student organiza· threIl change. aero s from lh trea ury top administration off1cl.a11 wblcll tions should be able to have free By THE ASSOCIATED PRESS step where George Wa hinglon Billi Sol E tes 0\1 r to a judg and 1 t him d ide what parts choice of their members without The News trluered a heavy Innux of de· Thousands of holiday travelers sct Ollt Tue day 10 pursue took his first oath of office. of it a grand jury needs in its inv stiglltlon of th death of Eann mand from board rOClms and ill· restrictions caused by color. race or national origin . Any organiza· pleasure in town or country on temorial Day. "What a rat·race." he said. "I official Henry H. ~far hall. sUtutlonal headquarters across the hope it's a suitable birthday pres· In Brief The tat acC('pted the arrangem nt and thus avoided an nation.
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