THE MICHIGAN DAILY IDA cni trm" vv PAGE THREE~i K Soc ufers Beating Aden Demands Independence Cuba Crisis * * * * * * * * * Precipitates Late Selling NEW YORK (9) - The stock market yesterday suffered its worst beating in more than four months as fears over the Cuban crisis brought a powerful wave of late selling. There was open talk throughout the financial community about the possibility of a clash between Rus- sian shipping and the United States Navy ships of the Cuban blockade and this brought "scared selling," analysts said. The late pressure weakened the defense issues that had shown strength most of the day, leaving virtually all categories on lower ground. Dow Jones Average The Dow Jones average of 30 industrials-slid 10.54 at 558.06 and the Standard and Poor's average of 500 stocks dropped 1.47 at 53.49. The Associated Press average of 60 stocks was off 4.4 to 208.0, with industrials down 6.2, rails off .1 and utilities off 3.9. It was the sharpest one-day drop since June 12, when the average went down 4.7. Wiped Out, An estimated $6.3 billion was wiped off the paper values of is- sues traded on the New York Stock Exchange, based on the AP aver- age.' Volume was 6.11 million shares, the heaviest since 7.12 million were traded July 10. On Monday's slide, 5.69 million issues changed hands. The ticker tape was late for the entire morning and again on the late selloff, falling 23 'ninutes be- hind transactions at the close of trading. New Laws Set, Of 1,316 issues traded, there were 1,015 declines and 154 ad- vances. New lows for the year num- ber 239 and there were no new highs. Most foreign exchanges and other United States stock markets also were lower for the day.' Commodities, however, soared again, as they had on the first news of war scare Monday.' Analysts noted that defense is- sues-rails, steels and aerospace stocks-fought the downtrend as investors looked to them to benefit from renewed military activity. Many analysts said that in their opinion, barring all-out war, the longer range effect of the Cuban action on the market should be good.. Chinese Offer Truce After Border Attacks < Eisenhower Pledges Aid To Kennedy GETTYSBURG (P) - Former President Dwight D. Eisenhower called on all Americans last night to assist President John F. Ken- nedy in the present crisis. But he also signalled for the GOP to press its campaign for victory in the Nov. 6 elections. "For though we support the President in foreign crisis," the former President said, "we do not have to support him when he speaks or acts as head of a poli- tical party; and indeed we do not." Free To Ask - Eisenhower also said that "we are free to ask and to learn how we arrived at our present state, even in foreign affairs." And when the present crisis has passed into history, he asserted, "it will be entirely proper then to examine and analyze and cri- ticize decisions and actions taken." In remarks prepared for a rally of Adams County Republicans at Gettysburg College, Eisenhower said: "We meet in the aftermath of a grave message of the Presi- dent of the United States. The decision he anounced last night may seriously affect the lives of all Americanis and the future of the Republic. Resolutely Ennunciated "In -the circumstances of this present time, as described by him, the decision had to be made. It had to be resolutely enunciated by the one man who speaks for us all in critical foreign affairs. "As is all crises, America-as a unit-follows her constitutional leader. We must pledge him our help in whatever way we can be of help." Kennedy, the White House an- nounced, has cancelled all his re- maining campaign dates in order to concentrate on his presidential tasks in the crisis. BELOW REQUEST: Sign Law for Aid; Ban Communists WASHINGTON the foregin aid bill, (P)--President John F. Kennedy signed yesterday a $3.9 billion appropriation which is 20 per cent below the amount he had requested. The bill contains a clause prohibiting aid to any country providing military or economic assistance to Cuba or which permits its ships to haul cargo for the Castro regime. There is However, the a similar ban on 18 designated Communist countries. President maywaive these provisions provided that he . inform the Foreign Relations Com- Asks Student Loan Fund Democratic candidate for con- gressmen-at-large Neil Staebler has proposed a federal self-liqui- dating loan fund for public and private students. Repayment, he suggested, would be made through an actuarially determined charge on each stu- dent's income tax return, begin- ning one year after he is out of school. Congress would appropri- ate sufficient money each year to hold the revolving fund at a $200 million level. It would become self- liquidating as repayment is made. Staebler advised that participat- ing schools would administer the program "to insure protection against federal control." Grants would be based on tuition, room and board and other education- related needs. He said that the "critical na- ture" of competition between the United States and Russia forces the need for expanded education- al opportunities. Staebler said that he supports the Kennedy administration's pro- gram. "But in the area of helping students finance their education, I don't believe we have gone far enough." mittees of both houses of Con- gress. Money for the regular assistance programs is included in a $6.2 bil- lion package to finance a variety of related international activities. Major Categories The major categories of funds made available for spending or al- location in the year ending next June 30 and the reductions im- posed by Congress are: 1) Economic grants $225 million, down $110 million; 2) Special support for poorer al- lies receiving military aid $395 mil- lion, down $86.5 million; 3) The President's foreign assist- ance contingency fund $250 mil- lion, a cut of $150 million. Less Than Requested The Alliance for Progress in Latin America gets $525 million, or $75 million less than was re- quested. Funds available for long term low or no interest loans to de- veloping countries $975 million, or $275 million below the Adminis, tration's program. Direct military assistance was cut $175 million to a reduced total of $1.325 billion. Also provided are $8.9 million for economic development in the Ryukyu Islands, $14.9 million for general migration and refugee as- sistance, and $73 million to com- plete payment of war damage claims in the Philippines. Communist Armaments Hit: Towang Reds Use Automatics Employed in Korea TOKYO (P)-Red China propos- ed yesterday a cease-fire and troop pullback along the bitterly contest- ed India-China border. The Chinese also called for a summit conference of Prime Minis- ter Jawaharlal Nehru and Pre- mier Chou En-lai to settle their border dispute. Peiking proposed that troops of both nations pull back 20 kilo- meters (12.5 miles) from where the fighting is now going on. If India agrees Peking said, the Chi- nese would be willing to withdraw its troops in the northeastern bor- der sector where they have pene- trated into territory long claimed and occupied by India. There was no immediate Indian reaction to the statement. How- ever, a Chinese call last Sept. 27 for a similar troop pullback was rejected by the New Delhi govern- ment. India said then that it would not enter into any talks under dur- ess or the continuing threat of force. Chinese Communist troops, arm- ed with the same type automatic weapons they used in Korea, drove on the important monastery town of Towang yesterday. The influential center of Tibetan Buddhism is at the end of an In- dian jeep road into the steep jun- gled Himalayas along the route the Dalai Lama took in fleeing from the Reds in 1959. An Indian spokesman said the Chinese launched a new attack aimed at Towang across Bum Pass, an important trade route from eastern Tibet. Indian forces, outnumbered and outgunned, were forced to fall back but were reported holding their own on other sectors of the flam- ing frontier. Towang is about 17 air miles in- side the 48-year-old Himalayan boundary that Peking has repudi- ated. By DAVID LANCASHIRE Associated Press Staff Writer ADEN-Aden, once the neglected stepchild of the British Empire, is blooming into a bustling boom town amid demands for independ- ence. This Cinderella of Britain's col- onies lies on the tip of the Arab- ian Peninsula, hedged in by spiky mountains and fringed by sweep- ing deserts. Its bunkering port--7,000 ships a year-is among the busiest in the world, its population has soar- ed and new buildings overlook graceful old Arab dhows along the waterfront. Tax Free Shops Camel carts and goats meander through the traffic. Thousands of tourists flocking ashore from pass- ing ships buy radios and cameras, Indian silks and French perfume from a jumble of tax free shops. The city's 300,000 residents- Aden and Yemeni Arabs, Indians, Somalis--enjoy a standard of liv- ing unmatched on the Arabian Peninsula. Aden in ancient times was a prosperous center of the incense trade. Later it was a dwindling fishing village that sheltered pi- rate vessels. It was colonized by the British 123 years ago as the only good harbor between Egypt and India. New-Found Prosperity The colony's new-found pros- perity comes from a $125-million oil refinery that fuels almost every ship passing through the Suez Canal and from Britain's big mili- tary base, whose 7,000 troops pour $30 million a year into the econ- omy. Aden is headquarters for Brit- ain's 40,000 troops in the Middle East, defending Western interests and Persian gulf oil. Britain in- tends to hang onto it, but revolu- tion in Yemen to the north has bolstered Arabs' demands for in- dependence. As a prelude Britain and five ministers of Aden agreed to merge the colony, 75 miles square, into the South Arabian Federation. Protected Principalities The federation is a sprawling series of British-protected prin- cipalities with picturesque names like Quishn, Yafa, Haushabi and Dhala. Their turbaned rulers sign- ed treaties with the British in the 19th century. Tribal raiding was put down. Fire Pershing; Beacon Ready By The Associated Press CAPE CANAVERAL - A Persh- ing artillery missile was fired un- der simulated battlefield conditions on a successful 300-mile test flight Monday. For the first time, the tracked launching vehicle was on sandy, sloping turf. The Defense Department hopes to launch a flashing beacon satel- lite today to make more accurate measurements of the earth. British advisers still sit in mud forts through the federation. The Registration Case Appealed The latest development in the case of a Brooklyn youth denied admission to Brooklyn College be- cause his gradepoint was .7 points shy of minimum requirements took the form of a city appeal of an earlier Brooklyn Supreme Court decision which upheld the stu- dent's right to register. The case is threatening to swing into a full-scale investigation of New York City University admis- sions procedures. The youth's average was 84.3 per cent. President Harry Gideonse of Brooklyn College said if the stu- dent were admitted, "this would cal for the admission of an addi- tional 1,997 students in the four senior colleges of the City Uni- versity." In his decision, Dr. Gideonse was supported by Board of Higher Education Chairman Gustave Ros- enberg, who explained that "to admit one student who gets a court order would flood us with thousands of appeals and similar cases. . . If we admitted them, just that many who were quali- fied by their 85 per cent average would have to be turned away." In suing for admission to Brooklyn College, the plaintiff, 17 year old Melvin Lesser, a Brook- lyn high school senior, contended that he had taken a special honors program in high school and the heavier work load caused his aver- age to fall below 85 per cent. The move to link sophisticated Aden with backward protectorate states stirred a wave of protest. Three persons were killed in tear- gas riots Sept. 24 as the colony's legislative council-a partly elected and unrepresentative body-ap- proved the merger, slated for next month. Last Chance Abdullah Asnag, peppery 29- year-old labor leader who seeks to lead the colony to Independ- ence, says: "We are determined to go all the way to oppose it with peaceful resistance and civil dis- obedience. The struggle must end with the British leaving here al- together. We shall be independent. Britain has lost her change to negotiate for keeping her military base here." Asnag heads Aden's 17,000-man Trades Union Congress and its People's Socialist Party, by far the colony's strongest political body. The congress has called 250 strikes in three years-despite a no-strike law. Even Aden ministers who voted for the merger are having second thoughts. The pro-merger National Union Party was trounced in recent mu- nicipal elections. Arab nationalists are pressing for a referendum on the move. British Colonial Secretary Dun- cair Sandys has affirmed Britain intends to give Aden eventual in- dependence through the merge*. But the merger may be doomed and the Nationalists are impatient. Emirs, sharifs council Ittihad. sultans and sheiks and have formed a federal at the new capital of Al NEWMAN CLUB LECTURE SERIES: UNDERDEVELOPED DEMOCRACY" eaker: DR. ALBERT WHEELER Wed., October 23-8:00 P.M. Newman Center 331 Thompson It BOX OFFICE. TRUEBLOOD AUD., FRIEZE BLDG. OPEN TODAY THRU FRIDAY-12:30-5:00 DAILY FOR University Plaers Dept. of Speech ' SEASON TICKETS next week THE SERVANT OF TWO MASTERS opens Tuesday * CARMEN Dec. 5-8 * SIX CHARACTERS IN SEARCH OF AN AUTHOR Jan. 9-12 * opera THE HUNTERS (WILD- CHRIST and BAHA'FULLAH "Followers of the Gospel", exclaimed Baha'u'llah ad- dressing the whole of Christendom, "behold the gates of heaven are flung open." He that hath as- cended unto it is now' come. Give hear to His voice . . . announcing to all mankind the advent of this revelation . . . that which ye were promised in the Kingdom of God is fulfilled . . . verily the Spirit of Truth is come to guide you unto all truthj ... The Comforter whose advent all the scriptures have promised is now come that he may reveal unto you all knowledge and wisdom. Seek Him over the entire surface of the earth, happily ye may find Him." I By The Associated Press EDWARDS AIR FORCE BASE help stabilize the X-15 in atmos- SAIGON-Communist gunners -An X-15 rocket plant, hunting a pheric flight, but United States et fire to one of the United States safe way to top its 314,750-foot space agency engineers believe it army's new turbine-powered es- altitude record, zipped to the may have the opposite effect dur- ort helicopters yesterday, but the fringe of space and back yester- ing re-entry from space. >ilot put out the flames by landing day without its bottom tail fin. * * . ,n a flooded rice field. This ventral fin was designed to WASHINGTON-A 24-hour de- lay in a high altitude nuclear test shot in the Pacific testing area was announced here yesterday. It was rescheduled for 2:30 a.m. to- day. * FREMONT, Mich.-President of the Constitutional Convention Stephen A. Nisbet remained in cri- tical condition yesterday under care at Geiber Memorial Hospital after a coronary thrombosis but attendants said he had spent a fairly comfortable nigh.t * * * WEYMOUTH, Mass. - Massa- chusetts State Police sent out a pickup order yesterday for Thom- as R. Richards, saying he was wanted for questioning in the rec- ord $1.5 million mail truck rob- bery in Plymouth Aug. 14. Delicious Hamburgers 15c *** TOYKO-North Korea's rubber- Hot Tasty French Fries 12c stamp parliament installed Pre- mier Kim Il Sung in office once Triple Thick Shakes.. 20cgs nra n oeao R gi yesterday and approveda cabinet with only one major change. The former army chief of 2uuu W. Stadium Blvd. staff, Gen. Kim Chang Bong, be- came defense minister. Concert of French QPopular Songs by 0 MARC et ANDRE U from L'ECLUSE of Paris Trueblood Auditorium November 5 at 8:30 Tickets: $2.00, 1.50, 1.00 2076 Frieze Mail orders accepted now Checks payable to: Dept. of Romance Languages Uo o o oo co oo