European Stars And Stripes (Newspaper) - June 3, 1962, Darmstadt, Hesse Of the stars and stripes Page 7 pm to of Mial affairs Congress opened Estes probe Market suits sharpest decline i last .monday., " lost -520 8 billion in Val a turnover of 9,350,000 the fifth to Days of heavy trading Market bounced tit the losses cond heaviest trading Day jury fas 14,750, shares rated. The turnover was by a i Black tues a 29a929 when 16,410,030hanged hands Market closed wednesday a memorial Day Holiday Tayance continued thurs volume for the session Rone of the highest in ,700,000 shares aay comeback stocksl5l billion in paper Lii tuesday and a further run to thursday. ? Arket _iel6ff prompted Secretary Luther fief Alabama c. Wallace a mutant Ati Onist Wiio boasted the Federal courts last win the democratic no Iii for governor Alabama. Yaniw former statemge.p6m won life lion la a be co United re Eter fion had Hodges to recommend a corpor ate and personal tax Cut possibly this year. Rep. Wright Patman a Tex called for another Iri Vest Gatlon of the Stock Market Treasury Secretary. Douglas Dillon put a Quick Damper on Hodges Call for a tax Cut How Ever. " l the first Public congressional hearings opened in Washington last week into the fantastic Finan Cial operations of Texas tycoon Billie sol were highlights nearly testimony before the House govern m e n t operations sub com Estes Muttee into the dealings of the financier who in under indict ment for fraud the agriculture department denied that it gave Estes favored treatment and claimed his Grain storage operations first flourished under the Eisenhower administration. One department official said that As Early As 1960 he questioned Estes financial responsibility and wondered about a hands off policy in regard tothe texan s Bond to cover has storage of department official said there was reason to believe Haji Bob memorial a a i it for a r y and civilian Leaden attended the memorial Day dedication of the ass Anteona memorial. The White platform and archway straddle the Rusty Hulk of the sunken battleship. Public contribution helped for the memorial. Of photo that Estes was guilty of a Crimi Nal violation in his Grain storage dealings. In making the first such Public charge against Estes the official Roland Ballou said to formation on the matter had been turned Over to the Fri. Ballo said the alleged violation involved false financial statements and carried up to a five Yea prison term. Carl j. Miller another department official said Estes got so incensed about not being Al Lowed to store government sur plus Iraln out on the open ground that he complained of this inhuman treatment to Sev eral congressmen. This practice i permitted under Texas state Law but not under Federal regulations. Miller who described Estes As the most unusual Man i Ever met told of conversations with the financier in 196l he told me a great Deal about his philosophy of life Miller said How you win by losing multiply by dividing increase by diminishing. The Grain storage business Texas was described As a cutthroat Jungle of Competition in which Estes was deeply . H. Moseley head of the Dallas commodity office of the agriculture department told of warehousemen offering kickbacks to Farmers free storage no deductions for shrinkage and eve giving trading Stamps As induce ments to use their another development the a g r 1 cd 11 u r e department announced it forced the resignations of two officials of the South Dakota agricultural stabilization and conservation service commit tee for accepting an expense paid junket to a football game. The department said the two men Alfred e. Johnson and George Crouch accepted rides from Huron to m i n Neap o 1 is Minn from Northrup King Minneapolis. Seed company. said the two Meni stayed at a hotel and accepted o o t b a 11 tickets purchased by Northrup King. Rodger Ward last week won his second Indianapolis 500-mile Auto race Victory at a average Speed of -140.292 Miles an hour a new record. Ward repeated his Triumph of1959 in a Brand new Leader card special built by a. J. Watson world finishing Ond was Ward s of teammate Len Sutton. 3g. Port sport land Ore driving a 19611 Model Watson Ward who lives in Indianapolis it was the second "500"Victory in 12 starts. Other top finishers were Eddie Sachs of Coopersburg pa., third or Ward set record with 500 Victory Don Davis of Phoenix ariz.,fourth, und Bobby Marshman Pottstown pa., fifth. In one of Europe s top Auto races last week Phil Hill and Olivier Gendebien won the Viii International and a 1,000-Kilome-Ter race at the nuer Burgering in Germany. Hill the world Champion from Santa Monica calif., and Gende Bien his belgian sidekick taking turns at the wheel of their 2.4-liter rear engined Ferrari co ered the 44 laps in 7 33.27.7 atan average Speed of 132.6 kilo me ters an hour. Another Ferrari a prototype Coupe with a 4.0-liter engine finished second with belgian Willy Mairesse and englishman Michael Parkes sharing the driving in a companion sporting event to the Indianapolis race Billy Casper won the $9,000 first prize in the "500" festival open Golf tourney. Casper got the top tournament score of the year on the pea tour with a record total of 24620 under for the 72 holes. In boxing Pone King etch of Thailand retained his world Fly weight title after coming fro behind to Pound out a unanimous 15-round decision Over Kyo Noguchi of Japan. The bout in Tokyo was Pone s third Success Ful defense of his title cab blamed bomb for 707 Jet crash consultant Gary concede defeat 1 to. Ails Nsoto on the basis l Complete recount of22 democratic Runoff Pri to it Oyer a. Late Tabula official margin of 449. Civil aeronautics Board cab chairman Alan Boyd said last week that the Fri has fairly Good evidence of a Mur Der for profit plot in the May 22" crash of a Boeing 707 jetliner in which 45 persons were a painstaking. Investigation the cab said in Centerville Iowa where the probe was Cen tired that a bomb Tore apart the Continental airlines Jet. The blast occurred in the lavatory on the right Side of the plane and Tore off the entire tall Assembly As the 707 Jet flew towards jeans Oscity from Chicago the cab said. Investigators also revealed of the passengers had taken out $275,000 in flight insurance. The passenger was identified Sthomas g. Doty 34, an Unzem played Kansas City cosmetics Salesman. The crash came three Days before Doty was scheduled to appear in court on charges of robbery and carrying a concealed weapon. Another Kansas City resident mrs. Geneva Frijey died in the crash. Mrs Fraley was a former business associate of Doty s and had planned to go into business partnership with him next month Kansas City sources said. A $75,000 policy had been Issue Din mrs. Fraley s name. All of the policies were brought in Kansas City. Doty named his pregnant wife Naomi As Bene there have been six established cases of airline sabotage since 1949, two of them in the United states. The worst . Case of air sabotage occurred in 1955, when a United airlines dc6 blew up Over Colorado killing 44 persons John Gilbert Graham 23, died inthe Colorado Gas chamber convicted of placing a bomb in his Mother s Luggage so he could col Lect $37,500 insurance. Three crashes of private planes took 11 lives in the United states last weak. Five persons were killed when a Light plane exploded and crashed in a rain storm at Holly Hill , six other persons were killed in two separate crashes in South Western new York state. Three of the victims died in a midair collision near Ripley . Meanwhile an air Force c133was lost on a flight from Dover del., to Lajes air station in the azores. Six Crew members were aboard. Last week also marked boxing a Farewell to ancient so Nicholas Arena in new York the 56-year-old club oldest in the nation will be torn Down to make Way fora skyscraper. Keith Forman of the univer sity of Oregon and Gary Weisiger. A former Duke Star now in the marines last week became the fifth and sixth americans to Runa mile in less than four minutes. Forman won the event in the California relays at Modesto fit 3 5&3, Weisiger was second in 3 59.3, -.v. Astronaut a astronaut Scott Carpenter it. Last week was honoured at one of the greatest parades i Colorado history As a Windup to his 2-Day triumphal visit to his native state. A crowd estimated at 300,000turned out in Denver to cheer the 37-year-old native of Boulde who orbited the Earth three times a week earlier. There were these other apace developments last week the soviet Union launched into orbit around the Earth an other unmanned satellite. The official news Agency Tass said the new satellite called Cosmos a was another in its current series of tests leading toward put Ting a Man on the Moon. The giant it rocket engine scheduled to Power . Manned flights to the Moon a fire for the first time at full Power and for the full time period i would be used in flight it c i ilj1 j
