The Farmville herald. (Farmville, Va.) 1957-current, 1962-10-09
News Summary
Continued from page u

News Summary
Continued from page u
ate was expected to follow suit
on Monday. This was nearly one
billion dollars less than tn e
President requested last Janu-
airy. Congress gave final APP
prevail last week to the trade ex-
pansicn act, giving the President
unprecedented authority to cut
tariffs over the next five years.
The bill will also provide federal
aid to businesses and workers
seriously affected by foreign
competition.
POSTAL RATES will go up
next Jan. Z if the President signs
bill passed by Congress Fri
day. The rates ON first class
mail will jump from tc 5 cents
an ounce. airmail from to 8
cents an ounce, and post cards
from 3 to cents. The bill will
also give most federal en-
ployees a pay hike of 10 to II
per cent.
ANOTHER underground nu-
clear explosion was set off by
the U. S. Atomic Energy Com
mission Friday. This was h e
53rd announced blast in the cur
rent series of tests in Nevada.
The device was said to have an
explosive force of from 10000 to
one million tons of TINT.
HEARINGS on the proposed
deepening of The James river
channel are being held by a unit
set up by the 1862 General AS
sembly. The dredging. which
would be paid for Partly out of
federal funds, would permit larg-
er ocean-going vessals to deck
at Richmond. Norfolk and
Hampton Roads interests have
spoken against the project, say
ing it would divert shipping from
that area before its facilities are
fully developed. But Gov. Har-
rison's aide to industrial develop
ment has come out strongly in
favor of the dredging. He thinks
it will promote induStrialization
along the James and give the
states economy a boost.
EDWIN A. WALKER was re-
leased Saturday night on bond
from the federal prison hospi-
tai in Springfield, Mo-, on con-
dition that he undergo private
psychiatric tests. Walker, form
erly a major general in the U. S.
army was arrested in Oxford.
Miss. last week following riot
ing at the University OF
Mississippi and charged wit
sedihous conspiracy and incit-
ing an instruction. He COM
manded the troops which help
ed enforce Indignation in Little
Rock, Ark. in 1857. He wa S
later relieved of his command
in Germany for matchmaking
his troops and criticizing men,
bers OF Congress and other high
officials.
in LAOS the U. s. has com
pletely withdrawn its military
advisory group under an East
West agreement guaranteeing
the neutrality of that Southeast
Asian kingdom. But it remains
to be seen whether the Com
munists. such as the North
Vietnamese. will honor the pact
by withdrawing their troops.
Secretary of Defense Rusk and
Gen. Maxwell Taylor, chairman
of the joint chiefs of staff. flew
to Honolulu to confer on Mon.
day with officials of the South.
east Asian command on tn e
situation in South VietNam. Il
is in South VietNam, rather
than Laos. that the U. S. is max.
ing determined effort to halt
the spread of Communism in
that part of the world.
THE STOCK MARKET failed
to exhibit any definite trend
last week. Light trading reflect.
ed a mood of caution among in.
vestors. The APP average of &C
stocks was up for the first time
in three weeks. closing Friday
at $2l7.70. $3.50 above the pre-.
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