Communists Angry, Rest of World Fairly Calm Over Nuclear Testing
Market Reacts To
Steel Indictments
. New York -IUPD- New of a
federal grand jury indictment
6i four steel companies for
price fixing sent stocks into a
tailspin today.
' The market, which had been
Inching forward when news of
the indictment reached Wall
Street, sold off sharply in the
final hour.
The Dow Jones industrial
stock average has slipped
nearly 15 points since the
Wednesday opening.
The steel selloff spread
ciuickly to other sections of
the list, notably the electron
ics. IBM last about 13, Beck-
man S and Burroughs, 3.
DOW JONES AVERAGES
New York - OIPII - Dow
Jones final stock averagen
30 industrials 678.68. off
5.01; 20 railroads 140.28, off
0.70; 15 utilities 129.33, off
0.82, and 65 slocks 234.50.
off 1.56. Sales today were
about 3.65 million shires
compared with 3.34 million
shares Wednesday.
Today's prices on selected stocks:
Allied cnemicai .....
Alum Co Am
American Air Lines 2
American Can 4
A ...arlun Mnlnri t
AT&T 127 'i
American Tobacco 81 '
Anaconda CODDer 44i
Armco . S74l
Bendix Corp . nn'j
Bethlehem Steel 38'S
Boeing Air ; 4i
Brunswick . .14 'i
Caterpillar Corp 37U
Chrysler Corp SI'i
Cora Cola .. B. "is
CBS 39i
Continental Can 43i
Crown Zellerbach S3
Crucible Steel IS
Curtis Wright 17
Dow Chemical 34 '4
Eastman Kodak H0i
Firestone 4V'i
ford fli
General Electric 74 U
General Food SB
General Motors 34 M
i
MOTHER'S
DAY
CARDS FOR
SUNDAY, MAY 13
When you care enough
to send the very beat
Cuinm'e 217 F Main
OWcm S Medford
Georgia Pacific . .
Greyhound
Culf Oil
Homestake
Idaho Power
I B.M
Int Paper
Johns Manville . .
Kennecntt Copper
Lockheed Aircraft
Martin Co
Merck ...
Montana Power
Montgomery Ward
Nat'l Biscuit
New York Central
Northern Pacific .
Pac Gas Elcc
Penney. J. C
Penn RR
Perms Cement
Phillips
Procter & Gamble
Radio Corporation
Richfield Oil
Safeway
Sears
Shell Oil
Socony Mobil Oil
Southern Co
Southern Pacific .
Sperry Rand
Standard California ..
Standard Indiana
Standard N. J
Sun Mines
Texaa Co. .
Texas Gulf Sulfur
Texas Pacific Land Trust
Thioko
Trans America o
Trans World Air II 1
Tri'Continentnl 4R?
Union Carbide 107
.10',
28',
41 "s
43',
33',
4DB'i
.i:i,
si ',
. 77
43',
22'.
S.I',
38',
34
fin1,
Iff',
38',,
33',
. 4H'a
ISHs
. 1.1',
. 14',
. R2n
. .171,
30
. 40',
84
. .W"
.15
14',
. 21' a
ID',
. .10 ',
.II1,
51
. 8',
.15'.
. Ill's
in
32'i
By United Press International.
The world outside the Com
munist bloc reacted today
with a minimum of anger to
U.S. resumption of atomic
tests in the Pacific.
The Russians accused the
Americans of bringing man
kind to "the abyss of nuclear
war" with the new tests. And
the official Communist New
China News Agency said the
tests "herald a new phase in
U.S. nuclear arms expansion."
But much of the rest of the
world took the new testing
calmly, with little violence,
few demonstrations and re
strained comment.
There were angry words
from nations in the Commu
nist sphere, firm approval
from the Western Allies, and
mild disapproval from the
neutral and so-called non
aligned nations.
There was an official pro
test from the government of
Japan, the only nation which
has suffered the devasattion
the biggest planned rally.
Strong police forces guard
ed the U.S. Embassy com
pound in Tokyo and American
consulate offices in other
Japanese cities against any
possible trouble from ban-the-bomb
demonstrators.
Soviet deleRate Valerian
of an atomic bombing in war Zorin told the 17-nation Dis
union Pacific
United Air Lines
U.S. Plywood
U.S. Rubber . .
U.S. Steel
West Bank Corp .
Westinshouse
Youngstown . . .
32'.
31 'v
471,
.11
. .18 'i
30';
34
81'.
Happy Camp Man
Dies of Injuries
Yreka - Raymond Conrad,
25, Happy Camp, who was in
jured in an automobile acci
dent Tuesday morning, died in
the Siskiyou General hospital
Wednesday afternoon, accord
ing to the California Highway
patrol.
With Conrad at the time of
the accident was Harold Pe
ters, also Happy Camp, who
was released from the hos
pital yesterday. The accident
occurred on the Klamath Riv
er rd. about eight miles east
of Happy Camp. Peters told
officers that he could not re
member who was driving the
vehicle. Patrolmen said that
vehicle missed a curve in the
road, crossed a ditch and hit
I a tree.
Kennedy May Move
Father To Clinic
Palm Beach, Fla.-IUPD- Pres
ident Kennedy today reviewed
medical reports and plans for
moving his ailing father to a
New York rehabilitation
clinic.
As the Chief Executive's
Florida spring holiday neared
a close, he was described as
heartened by doctors who
told him his father, former
Ambassador Joseph P. Ken
nedy, had made sufficient
progress since suffering a par
alytic stroke to be moved
within the next few days to
New York.
The President is scheduled
to fly back to Washington Fri
day afternoon to greet British
Prime Minister Harold Mao-
millan as he arrives lor ween
end consultation on a coordi
nated Allied approach to fu
ture negotiations with Russia.
and which is opposed to test
ing by anyone.
Student Protests Are Mild
But expected demonstra
tions by extreme left - wing
Japanese srtidents in Tokyo
failed to materialize in the
size that had been anticipated.
There were a few desultory
demonstrations there and in
other Japanese cities directed
armament Conference in Ge
neva that the United States is
"challenging the whole world"
with Its explosion of a nuclear
device over the Pacific Wednesday.
"The United States has
thrown away its mask," he
said. "The United States is
unleasing a fresh arms race,
and is bringing the world
at the U.S. Embassy and con-1 nearer to the abyss of nuclear
sulates. But rain dampened war."
Rogue Valley Edition Page 2A
MedfordMTribune
MEDFOTiD, OREGON', THURSDAY, APRIL 26. 1B02
Foreign
Briefs
But American chief dele-1 most regret and deepest re-
gate Arthur H. Dean said the
United States was forced to
resume testing "with the ut-
AFL-CIO To Act On
Race Discrimination
Washington -UPIW The AFL
CIO was expected today to
ask its 133 affiliated unions to
adopt "plans for progress"
programs to wipe out racial
discrimination in labor's
ranks.
The program, which al
ready has AFL-CIO President
George Meany's support, was
schcluled to be considered by
the federation's executive
council at a two-day session
here.
It was worked out by the
AFL-CIO Civil Rights Com
mittee and President Ken
nedy's committee on Equal
Employment Opportunity un
der the leadership of Vice
President Lyndon B. Johnson.
The aim is to have each
union make a new pledge to
end any discrimination that
may exist in its membership
or bargaining practices.
luctance because of con
tinued Russian resistance to a
reasonable test ban treaty
with international controls.
Newspaper comment in
Britain, West Germany, Den
mark, Holland and Italy gen
erally backed the U.S. re
sumption of testing, as did the
press in South Korea, South
Viet Nam and Formosa - all
strongly pro-American lands.
The Phillippine government
supported resumption of the
tests and said that as long as
Russia continues to resist a
fool proof treaty, "the United
States cannot expose itself
and its allies to the hazards
of unchallenged Soviet su
premacy in nuclear weapons."
Western observers in Mos
cow said it was possible that
a so-called "spontaneous dem
onstration" against the U.S.
tests might be staged at the
American Embassy in the So
viet capital. The Moscow ra
dio and Soviet press already
were whipping up ar.ti-Amer-i
ican sen.iment. i
The Soviet denunciatiopr ,
were mingled with threats i
and attempts to blame Wash-1
ington for failure of efforts
to work out a nuclear test ban
treaty.
The official Soviet news
agency Tass said President
Kennedy's offer to call off
the tests if the Soviets signed
a cheat-proof treaty "proved
to be the biggest lie of all
the false assurances ever
made by anyone in the West."
The Russians already had
theratened to stage a new se
ries of nuclear tests if the
United Stales resumed testing
in the air. Soviet Foreign Min
ister Andrei Gromyko told
the Supreme Soviet (parlia
ment) this week that the testJ
would include "new" Russian
weapons.
The Soviets made no refer
ence to the series of Russian
nuclear tests last fall in vio
lation of the voluntary mora
torium honored for three
HURRYI HURRYI
Hubbard Bros.
BIG SALE
Ends Sat., April 28
years by tne unuea oiaies
and Britain.
In Japan, the government
and the three major political
parties joined in denouncing
the tests and demanded again
tha. they be h ted.
TOPS IN QUALITY!
LOW IN PRICE
BRITAIN REDUCES BANK RATE ONE-HALF PER CENT
London - Wll - Britain reduced the bank rate from 5 to
4 la per cent today to check the inflow of speculative foreign
funds and take up some slack in the home economy.
TANKS RUMBLE THROUGH EAST BERLIN
Berlin - HIPli - Red German tanks and halftracks appar
ently rehearsing for the May Day parade, rumbled through
East Berlin today in defiance of four-power agreements
barring German forces from the city.
HOUSES OF MANY PARTS
New- York - (UPll - The Tile
Council of America finds
modern houses to be pretty
complicated structures. It says
the average home contains 3,
000 moving parts and is held
together by approximately
40,000 nails.
FOOD PROCESSORS
New York - (IIPD - The num
ber of firms processing food
products has declined by more
than 14 per cent since 1947,
according to an Agriculture
Department study. Mergers
and technological changes
have taken the biggest toll
among the processors.
LAOTIAN PRINCE HEADS FOR PARIS
Florence, Italy - HJPli - "Neutralist" Laotian Prince Sou
vanna Phouma left here by train Wednesday at the end of
a private visit of several days. Souvanna headed for Paris,
with his wife and son expected to follow.
JORDAN WOULD AID ARABS IN ISRAEL
Amman, Jordan - IUPII - King Hussein of Jordan said j
Wednesday his country will act as a "springboard" In any
action to restore Israel to the Arabs. He spoke here to a
group of Arab refugees from southern Palestine. j
SIDEWINDER BEING PRODUCED IN GERMANY
Bonn - IUPII - European production of the U.S. Sidewinder
missile has started, the West German Defense Ministry an
nounced Wednesday.
BRITISH GROUP PLANNING DOG CEMETERY
London - lliPII - Britain's Anti-Vivisection Society today
went ahead with plans for a five-acre dog cemetery.
Wilfred Ritdon, 65, said the cemetery would accommo
date dog victims of vivisection, as well as those which die
of natural causes.
But "fancy" burials for dogs are out, Risdon said. The
cemetery will have simple metal plaques above the graves.
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