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Bull Market, Matusow Head Congress Session
Washington—(U.P.)—James E. Day, president of the Midwest stock exchange, told Congress today that very few stocks are out of line pricewise.
Mr. Day and Ronald E. Kahler, president of the San Francisco stock exchange, were the witnesses as the Senate banking committee resumed its "friendly" study of the booming bull market.
Mr. Day said "sweeping generalization" about the market—often based on the Dow-Jones industrial averages—is "not a completely factual statement."
Peace: Rep. Carl Vinson, chairman of the House armed services committee, said if the United States keeps up its military might, "I think the chance for world peace is good." He said President Eisenhower's Formosan policy has greatly lessened the chance of war in the Far East.
Mr Kaehler praised trading in so-called "dual" issues which are available on both the San Francisco and New York stock exchanges. He said San Francisco officials are convinced that the operation "does not constitute a duplication of trading on the New York stock exchange."
Taxes: Sen. Walter F. George (D-Ga.) said the Democrats' proposed $20 income tax cut for everybody appears doomed. Mr. George said he can see no acceptable compromise that would win Senate approval for the house-passed bill.
Matusow: Chairman James O. Eastland (D-Miss.) said his Senate Internal Security subcommittee hopes to show that turnabout witness Harvey Matusow is "being used to promote the interests of certain far left wing groups over the world." The committee summoned New York playwright Herb Tank and Albert E. Kahn, one of the publisher's of Mr. Matusow's forthcoming book, for public questioning.
Other Congressional developments:
Supercarriers: Rep. Carl Vinson (D-Ga.) chairman of the House Armed Services committee, predicted passage of President Eisenhower's request for a fifth $180,000,000 supercarrier. The committee called on the Navy to justify the President's request.
Merchant Marine: Rep. Thor C. Tollefson (R-Wash.) charged that foreign nations are trying to scuttle U.S. efforts to strengthen its merchant fleet by threatening to boycott purchase of American farm surpluses.
Security: A Senate government operations subcommittee begins hearings, tomorrow on the administration's loyalty program.
TODAY
Episcopal morning prayer 6:45 a.m.
Holy communion, 7 a.m. Danforth
Dunliffe
Official Bulletin
cine theater
*Museum of Art record concert, noon*
& 4 p.m. concert in D minor;
*Concerto No. 6*.
Baptist Student Union devotions and prayer 12:30-12:50 p.m. D a n f o t h r
Foreign Students, 7:30 p.m., Jayhawk room,
6109 E. Mays St., of the dorm
of foreign students at the Foreign Student festival.
Engineerettes, 8 p.m., home of Mrs
Joyce Bengson, 105 W. 11th,
269-374-7955
Mathematical colloquium, 4 p.m., 5. Strong. Mr. George Ladner. "Clareau"
UVO. 7:30 p.m., Student Union
Episcopal morning prayer, 6.45 a.m.
Holy Communion, 7 a.m., Danforth
chapel.
TOMORROW
chapet.
Museum of Art record concert, noon and 4 p.m. Instrumental music in colonial America.
min. Americas
Roger Willett club membership is cancelled.
Roger Wilson club membership is 1824.
WEDNESDAY
**Museum of Art record concert, noon**
and 4 p.m. Machaut: Notre Dame Musi-
matical club; Mussel Meadow: Fir-
nest Church; "An Application of
Game Theory to Quality Control."
Episcopal morning prayer 6:45 a.m.
Holy Communion, 7 a.m. Danforth
9 a.m.
Gâteau
Créature Francaise se reunira mecredi a
4 h. 15 a Miller hall. Mademoiselle
Donna Hull fera une causerie illustre
sur L'Afrique du Nord.
Hall (club, 7 p.m., Pine room. Student Union. George Moore: "The Relation of English Life and Literature since Chaucer." Refreshments.
Newcomers club scholarship benefit
Union. Public invited Admission 50c.
Cold Hits U.S. Halts Floods
A bitter March cold wave slowed flood waters in the sodden Ohio Valley today and sent the temperatures skidding far below zero in the northern Midwest.
By UNITED PRESS
Hundreds of persons were homeless along the swollen Ohio river in Ohio, West Virginia, Kentucky and Indiana. But the cold wave arrived in the nick of time to hold down flood crests and damage was not as severe as had been feared.
Flood waters were falling early today from Pittsburgh, Pa. to often-flooded Marietta, Ohio. The Ohio was reported to have stopped rising at Cincinnati at 56.7 feet, nearly five feet above flood stage.
Farther East, flood waters blocked the multi-million dollar West Virginia pituitone, isipulated Williamson. W. Va., and all but cut off Logan, W. Va. Red Cross crews were sent into the stricken states to aid the homeless.
Meanwhile, the temperature went to a bone-chilling 31 below at Be-midji, Minn., and routed a "heat wave," in Dixie.
Driving snow accompanied the cold wave in the Midwest, while in the Southland and the Arctic front was preceded by scattered tornadoes, thunderstorms and lashing winds.
The cold hadn't yet gripped the Eastern seaboard, but a pea-soup fog shrouded New York City yesterday and two foreign freighters collided in a blinding fog 10 miles off the entrance to the Delaware Bay.
In 1910-1919, six pounds of canned fruits and juices were purchased for every 100 pounds of fresh; in 1950, 33 pounds of canned fruits and juices-plus four pounds of frozen—were purchased for every 100 pounds of fresh.
Twenty departmental chairmen have been selected to supervise the construction of the exhibits for the Engineering Exposition April 22 and 23.
Engineers Name Exposition Heads
The exhibits will be housed in the various buildings of the School of Engineering and Architecture. The hours for the exposition are 9 a.m. to 9 p.m. on April 22 and 9 a.m. to noon the following day. The chairmen and their departments are: Aeronautical engineering, John Eylar; Air Force ROTC, William W. Maids; applied mechanics, Harold L. Finch; architecture and architectural engineering, Bruce Kirkpatrick and George Lund; archway entrance, Edwin Peyton; army ROTC, Edwin Peyton; chemical engineering, Peter Arrowsmith.
engineering, Lowell McDysan.
Electrical engineering; Ronald Evans; engineering drawing, James Woodward and Paul Bengston; engineering physics, Delbert Jones; mathematics, Leo Franzi; mechanical engineering, Douglas Smith; mining and metallurgical engineering, Paul Lozier; Naval ROTC, J. F. Elvig, and petroleum engineering, Ronald Justice.
Applications for general scholarships for entering into men and women scholarship halls must be in the aids and awards offices by April 1.
Chemistry, James Detter; Civil engineering, Lowell M dysan
Applications may be picked up in the office. Three references are required on each application. If the applicant has college credits, two of the references must be from a member of the University faculty.
April 1 Deadline For Grants, Aids
Establishment of labor unions on a permanent basis was apparent for the first time during the depression of 1893-1896, says a Twentieth Century Fund report. It was then that unions for the first time weathered a major economic setback without loss of membership.
University Daily Kansan
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Monday, March 7, 1955
Nationals Trying To Hold Matsu, Quemoy
By UNITED PRESS
The Chinese Nationalists, worried by lowered morale at reports they might give up Matsu island, took three unusual steps today to show their determination to hold the off-shore island base 120 miles west of Formosa.
Gamma Alpha Chi, advertising fraternity for women, held elections Thursday and initiated 16 girls Feb. 27.
GAX Elects; Initiates 16
Elected were Phyllis Smith, president; Carol Saunders-White, vice president; Jo Ann Boswell, recording secretary; Mary Michener, corresponding secretary; Grace Favors, treasurer; Janis Johanson, social chairman, and Shirley Jones, reporter.
The 16 girls initiated are Madeley Britle, journalism junior; Amy De Young, journalism senior; Grace Favors, college junior; Jane Figge, fine arts senior; Gretten Guinn, college junior; Karolyn Hanson, college freshman; Janis Johanson, college junior; Shirley Jones, journalism junior; Mary Michener, college junior; Sylvia Richson, college sophomore; Carol Saunders-White, fine arts junior; Phyllis Smith, college sophomore; Barbara Steele, fine arts senior; Mary Bess Stephens, journalism senior; Georgia Wallace, journalism senior, and Mary Lue Wickersham, journalism junior.
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First, a Naval spokesman announced the 13,000-man garrison on Matsu, barely 20 miles from the Red-held mainland, was being reinforced "two to three times its present strength" in an all-Nationalist operation.
Second, the Ministry of National defense denied officially and in the strongest possible terms reports that Matsu might be given up to Communist China.
The Nationalist pronouncements were further strengthened by a statement by Adm. Felix Stump, commander of the U.S. Naval forces in the Pacific. Before leaving Taipei today for Hong Kong he told newsmen "if the United States is committed we can defend anything against the Communists."
That definitely includes Matsu, he said.
Third, Foreign Minister George Yeh said the Communists would learn just how important the United States considered Quemoy and Matsu if they attacked these outpost islands.
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