Russian Ministers Fired
MOSCOW (AP) — The Su
preme Soviet Wednesday fired
two ministers for inefficiency
and switched a third to a new
post.
The shakeup affected coal and
agriculture. It underscored re
cent widespread criticism by of
ficials and newspapers of lags in
the economy.
The Presidunrs announcement
was broadcast by Moscow radio.
It said the changes were made
on the recommendation of Pre
mier Nikolai Bulganin. The
Presidum under the constitution
is the top state authority when
the Supreme Soviet, Russia's par
liament, is not in session.
The announcement said the
Presidium had decided to release
A. S. Zasyadko as minister of
the coal industry “because of un
satisfactory work.” A. N. Za
demidko was named to succeed
him.
Tho Presidium also released
“Comrade A. I. Kozlov" as min
ister of state farms “because he
failed to cope with the work.”
To succeed him, “Comrade I. A.
Benediktov" was released from
the duties of U.S.S.R. minister
of agriculture. No successor to
Benediktov was announced.
Western diplomats here have
been expecting the shakeup in
agriculture ever since the Com
munist party’s denunciations of
the country's farming methods
have been publicized. These ex
pectations increased after Georgi
M. Malenkov took the blame for
agricultural failures on his own
shoulders when he resigned as
premier Feb. 8.
Benediktov was agriculture
minister almost continuously un
der Stalin from 1938. In March,
1953, he wub made ambassador
to India. He returned to Mos
cow six months later to take over
his old post.
Zasyadko, a full member of the
central committee of the Com
munist party since October, 19!fc,
was given the worst treatment
in the shakeup. The Moscow an
nouncement did not even give
him the courtesy designation of
“comrade” applied to the others.
This may mean he has been sim
ultaneously expelled from the
party, since "comrade" is a Com
munist party form of address.
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'Stock Market*
NEW YORK (API A vlgor
ous advance Wednesday took the
.stock market up aubstantlally to
its second straight new all-time
hign.
The Associated Press average
of 60 stocks rose $1.40, the best
in a month, and closed at $162.00,
a new historic high.
The industrial component of
the average was up $1.70 at
$210.30, only a shade under its
all-time peak of $219.50 estab
lished Feb. 11. The railroads
were up $1.60 at a new high
since 1029 of $129.50 while utili
ties advanced 40 cents to a new
high since 1931 of $72.20.
The market wasn't especially
broad with 1220 individual is
sues traded of which 716 ad
vanced and 292 declined with 143
new highs and 1 new low for
1954-55 touched.
Volume was the best of recent
sessions at 3,370,000 shares.
ThntMluy
01.1 111K ■
6:00 Sign on
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0:45 New* Till Now
7:00 Sport Shot*
7:15 Guest Htnr
7:30 Britain Today
8:00 Best of Broadway
8:30 HU Tubje Hopping Show
8:45 (Jai Paris
9:00 Kwaxworks
11:00 Sign Off
Ad Staff
Layout: Pat Case, Laura Mor
ris.
Salesmen: Bob Noland, John
Radlch, Kvelyn Nelson.
Office: Patsy Cuahnie, Shirley
Parmenter.
fi/toy>u*ce(ZC 6cuc^e/t> 7e£& yotc
Why itfs wise to
Bold U. S. Savings Bonds
more than 10 years
By Homer J. Livingston, President of -
The First National Bank of Chicago and
President, American Bankers Association
Like millions of othejr Americans, you
probably know that our government’s Series
E Savings Bonds rank among the surest,
safest and best investments in the world. But
I wonder if you realize that an extremely
attractive feature has been added to them.
Today, you no longer need cash your Bonds
at maturity (9 years, 8 months after pur
chase). You can hold them for as long as 19
years, 8 months. And this enables you to get
a far greater total yield from them, since the
interest paid on Savings Bonds is cumulative.
That is to say, your Bonds pay interest not
only on the principal, but on the accumu- j
lated interest itself! Now, the longer you hold
your Bonds the bigger this accumulation gets
—and, correspondingly, the more money
your Bonds pay in interest every year.
IT/*.
I! you invested $37.50 in a Savings Bond ten
years ago, it could be redeemed for $50.00
today. You would make $12.50. But if you
keep that Bond for ten more years, you will
make a total of $29.84 on your original in*
vestment. In other words, if you hold your
U. S. Savings Bonds for double their original
period, your total yield is considerably more
than just double.
So, if you can possibly arrange it, hold your
Bonds for the maximum period—19 years,
8 months. You don’t have to sign any papers
or visit your bank to do this. The extended
earning period is automatic. •
And, of course, go on investing in U. S.
Series E Savings Bonds—through the Pay
roll Savings Plah where you work. If self
employed, invest in Savings Bonds regu
larly where you bank.
Want your interest paid as
current income?
Invest in 3% Series H.
United States Government Series H
Bonds are new current income Bonds
in denominations of $500 to $10,000.
Redeemable at par after 6 months and
on 30 days’ notice. Mature in 9 years, 8
months and pay an average of 3% per
annum if held to maturity. Interest
paid semiannually by Treasury check.
Series 11 may be purchased through
any bank. Annual limit: $20,000.
Extended Maturity Value. ..
Original Maturity Value. ..
Period After Maturity Date
Vi to I year.
1 Vt !• 2 yean.
2</i to 3 yean.
3'/i to 4 yebn.
4Vi to S yean.
SVi to 6 yean.
4'A to 7 yean.......
7V, to • yean.
•'/» to * yean.
♦Vi to 10 yean.
Extended maturity value
(10 yean from original
maturity date)..
$134.64
100.00
Redemption Valuer
During Each Year
$101.50
104.50
107.60
110.40
114.00
117.60
121.30
124.40
124.60
132.60
134.64
Now even better!
Invest more in Savings Bonds!