European Stars and Stripes (Newspaper) - June 07, 1963, Darmstadt, Hesse Page 4 the stars and stapes Friday Jim 7, 196 Long Range scramble foreseen in supersonic transport race a a wows Iby Boob Lane new York a the finish line is Long Way off in the International race for a com Mercial i transport that will whys across the Atlantic Ocean into or Itu of hours. The United state or Russia May put Man on the Moon be fore it is at least the United states officially is in the running put there somewhat belatedly by president Kennedy s Declara Tion that America will go ahead with supersonic air transport development. The presidential announcement Cam uses than 34 hours alter pan american world airways ordered six of the supersonic planes that franc and Britain Are preparing to produce jointly. To order caused jubilation i Paris and London where officials viewed r As a strategic boost to their dries to chs Leng . Per Lerty in the commercial air Craft held in turn word of or. Kennedy derision was cheered by plane builders Here. The thing most at stake in the supersonic race is prestige Par Tlell Lurly for the United states which Long has built the bulk of the world passenger planes. Also involved is the ticklish balance of International payments problem that vitally affects the entire National Economy. Sales of us. Planes and supporting equip ment abroad has contributed materially to Thea country s favor Able balance in International Trade. Although the president did Tsay so specifically the . La expected to shoot for a plane that will Fly 3,000 Miles an hour or faster More than three Tom lathe Speed of sound. Oosta have been estimated at$1 billion upwards and or. Ken Nedy said will require govern ment subsidy. The projected by Lush French concorde plane Alma at roughly 1,500 . The two european nations have pooled 9500 million for their . Kennedy talked of getting the american Model into service by 1969 or before although some experts believe 1971 or 1973 discloser to probability. Concorde deliveries have been promised in1968. This Date too has been the United slate decides to try for the faster Mach 3 place it will be gambling that the time lag la putting it into the air willbe offset in the Market Plaza by its greater Speed a prime factoring airline Competition. It also will be talking on greater research and aerodynamics problems although these Are formidable in either under one thing the Mach 3 Craft would have to be made of steel and titanium. Instead of the conventional aluminium deemed suit Able for the slower mad 3, be cause of frictional heat considerations. Kennedy suffers historic lapse made it vow co Morkal tar Flat new Sec proposals could affect millions an intransigent Wallace could face prison term an a news analysis by Jack be flab new York a the strict regulator proposals made this week by the securities and commission would if enacted by Congress have a sweep ing effect on thousands of com Pute and millions of recommendations were aimed primarily at the vast sprawling Over the to unset mar Ket the fastest growing segment of the financial Community Unerv stocks of thousands offers Sre traded without being subjected to All of the regulations " that govern the exchanges the sic. In submitting the pro Gram to Congress called it the broadest revision of Federal securities Laws lines the Basic stat Ute were passed in u33 and my. Presidents of the now York an american Stock exchanges expressed approval and would bring companies Whoso Stock la sold overt counter under the Fuli Dos cd soul Aad financial watch now apply s listed on organised now issues were a Bis Factor in the trading which preceded the Market crash of May 38, if lbs. Son brokers and Heads Tex changes complained that people Osro string orders for Stock without knowing the Correct name 04 the company or what it did. Washington up what will happen to Alabama Cov. George c. Wallace if he defies Federal court order directing him not to Block admission of negro students to the University of Alabama on monday Federal judge Seybourn h. Lynne who issued the order could sentence the governor to an unlimited prison term an Fin Bun any amount of Money that he wished u he found Wai 19th 11-Day passe with Little fanfare lace guilty of criminal Contemp of court penalty for contempt is left tothe court s discretion where de Fiance of an injunction in a Sui filed by the United states la in Wallace could defer any judgment in a contempt Case by demanding a jury trial of the Federal move to have the governor s tic ton considered by the court it was indicated however that if Wallace merely stood in the doorway momentarily that is Only offering Token Defiance to satisfy his pledge action might not be taken. Tint moans that these com Media would Huv to Issue no Ufi reports of their financial , proxy statements and re. Sorts & Raster trading by and directors. It was Estl Ctm that too Industrial and Bui Ity companies Banks and insurance companies would is of of the counter is mainly ago Arhat mad Over the Telephone to Troj Awoods Between buyers and Sellers and securities dealers. Etta Stei a that own Securi ties. The Totsa a sett of memo traded Over the counter stocks approximated Ito billion at the end. Of Ucol. Salsa Weir estimated Torawo grown from a Muon in Tutt to is billion to 1981.voluntary regulation of this hug to argot he been in the hands of the National association per haps president Kennedy should have studied longer at Princeton University. That was the Tongue in Chee opinion of two University depart ment Heads on learning that toe 3jpresident, in a humorous ment at a dinner party had Over looked a former Princeton professor who once held the president s to. Or. Kennedy s jest was made at a White House dinner party thug week where India s president Sarvepalli Radha Krishnan. A for. J Mer teacher and professor we guest of Honor. The president singled out us outgoing ambassador to Kenneth Galbralth who at returning to i Post As a hat 5 Vord economics professor att 3commented Here in the United states behave never gone As far nor May i say to professor Galbralth. We plan u go so far As to ask professor the the Princeton Profest trs to to equally humorous vein cracked their tongues and wondered about former president named Wood. Row Wilson a professor in Prince ton s then history politics ment and later University Dent the president just forget about one of the greatest figure in his own party a longtime professor and a very distinguished one said , chairman of the u history department Blum brought up the fact Thamir. Kennedy was once enrooa4 As a freshman at Princeton Bat dropped out due to illness and later went to Harvard. ?. Apparently the Princeton a. Iper Lence did t leave Loo much of i an Blum said. To president was Here for a couple of month. Then he got sick sad went to prof. Gardner Patterson director of the Woodrow Wilson school of Public and International at the University adds sympathetically on learning of the president s remark what can you say the pres ident in a right to such a lapse. I Norun Tomon ran a. .
