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University Daily Kansan Wednesday. January 5. 1955 Fieldhouse. Ho-
Rates Restrict Stock Speculation
Washington — (U.P.)— Tighter restrictions on speculation in the booming stock market became effective today with the opening of exchanges.
Agents of the Kansas Bureau of Investigation report that there are still no clues in the disappearance of Norman Seibel, missing 24-year-old senior from the KU Medical Center in Kansas City.
Still No Clues In Seibel Case Reports FBI
Members of the staff at the Medical Center have made an appeal to persons in rural vicinities to be on the lookout for Seibel who has been missing from the medical center since Dec. 19.
Ed Seibel, Hillsboro, Kas., the father, told authorities at the center that he planned to return home today to look after business affairs.
Mrs. Seibel has been confined to her room much of the time since a week ago when she was reported near collapse from the strain.
A lie detector test being given Cpl Waldo Renick, Ft. Meade, Md., accompanied associate of Seibel, was placed yesterday at police headquarters.
The technician announced that results of the test had been inconclusive. "He is a highly nervous person," he said. "He is under too much strain for an accurate reading to be made."
The emigration of Scottish men and women to Canada, the United States and Australia from the Hebrides seems to be on the ebb today, says the National Geographic society. The Hebridean is beginning to realize that life at home is not so hard as it might be in other lands.
- The restrictions, announced last night, require stock buyers to put up at least 60 per cent of the purchase price of stocks rather than the 50 per cent previously permitted.
The Federal Reserve board announced the higher margin rates yesterday after all stock exchanges had closed. The board, as usual, made no explanation of its action.
The feeling in Washington was that excess stock market credit might lead to a wave of speculation which could upset the current recovery of business.
But stock exchange officials in New York called the Federal Reserve board action unnecessary and surrising.
Keith Funston, president of the New York Stock Exchange, said the amount of money borrowed to purchase securities on margin at the end of November represented less than 14 per cent of the market values of all listed stocks at that time.
It's hard to understand," he said,
"how they possibly could have concluded credit being used in the market today is excessive."
The current rise in the stock market began in September, 1953. Some indexes show rises since then if more than 50 per cent in stock prices.
The new shift of only 10 per cent in margin requirements was taken as an indication that the board had no intention of putting a real crimp in the stock market boom. The current rise has been interpreted as an encouraging factor in the current business situation, a sign that investors big and small have confidence in the economic future.
In mountainous Norway there is a ski jump near most towns but only four golf courses in the whole country.
There is only one reason for the split-ticket system of admission to the basketball games in Hoch auditorium.
Lack of Seats Means Split Tickets
students are not divided into sections to make room for paying customers," he said.
That reason, according to E. L. Falkenstien, athletic business manager, is a lack of seats in the auditorium.
Mr. Falkenstien made it clear that students get first choice as to which scheduled games they will see. An attempt is made to assure an equal distribution of the most popular games in the two sections. A priority period of one week is set aside when basketball tickets
go on sale, and students who report for their tickets in that one week period get first choice as to which division they prefer.
The problem has been discussed at length and has been a matter of contention, but as Mr. Falkenstien said, "After this year we won't have the problem, we will be in the new field house."
"Christmas vacation . . . semester exams . . . I'm so mixed up
I don't know what I'm doing."
Use Kansan Classified Ads.
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1107 Massachusetts Phone 50
GRAND OPENING SPECIALS
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6" French Curve
6" 45° and 8" 30° triangles
Regular 50c
SPECIAL
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Braddock Lettering Triangles Regular 1.10 NOW 55c
Scale Guards
Regular 30c
NOW 20c
80 Page Spirals
Regular 65c
NOW 35c
Tubes of Oil Paints, Water Colors and Tempera 1/2 PRICE
Jayhawk Mugs Regular 1.75 SPECIAL 1.35
FREE KANSAS JAYHAWK DECAL TO EVERYONE THAT COMES IN WED. or THURS.
Letter Files Regular 1.65 SPECIAL 1.35
Jayhawk Stationery
20 sheets and 20 envelopes
20c
Post Field Book
Regular 35c
SPECIAL 20c
Billfolds 33 1/3% DISCOUNT
Fountain Pens & Pencils 33 1/3% DISCOUNT (Entire stock not included)
Zipper Notebooks and Brief Cases 25% DISCOUNT
Jayhawk Glasses
Set of 8
Regular 2.95
SPECIAL 1.95
Medical Gowns
Regular 2.95
SPECIAL 2.25
Ceramic Jayhawk Statues
Regular 75c
SPECIAL 25c
Notebook Paper
Regular 10c
2 for 10c
Medical Instruments, Gold Seal Slides and Cover Glasses 25% DISCOUNT
Gift Items
33 1/3% DISCOUNT
Spiral Shorthand Books
Regular 15c each
SPECIAL 5 FOR 49c
1241 OREAD
These Prices Good for This
Week Only- Jan. 5 to 8