United Press News Round-Up, Daily Racing Form, 1955-05-02


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: -— : — » : UNITED PRESS NEWS ROUND-UP ■ NATIONAL: Schedule Hearing on Stock. Market Proxies WASHINGTON, D. C, April 30.— Senate investigators of the stock market boom will hold hearings on the use of proxies in about three weeks, a Senate Banking Committee spokesman disclosed today. Committee Staff Director Robert A. Wallace told a reporter that proxies will be the first particular phase of the stock market to be investigated when the committee resumes its inquiry into the rapid rise in securities prices in the past 19 months. Harriman Vetoes Bill on Naming Thruway ALBANY, N. Y., April 30.— Governor Harriman has vetoed a bill that would * have officially named the Buffalo-New York Thruway the "Governor Thomas E. Dewey Thruway." In refusing to approve the measure sponsored by Assemblyman E Herman Magnuson, Chatauqua Republican, the governor said there was "no: precedent for naming a state highway for an individual, no matter how renowned." Harriman pointed out that there has been a state policy against such proposals. G. I. Training Program at New High . WASHINGTON, D. C, April 30.— Enroll-ments_ under the three-year-old Korean G. I. training program reached a high of 587,000 in April, about 10 per cent above the previous record, the Veterans Administration reported today. College enrollments rose to 325,000, April 1, after a slight winter slump. This figure topped by 31,000 the former peak at the close of 1954, the VA said. CIO Auto Workers Extend GM Contract DETROIT, Mich., April 30.— The CIO United Auto Workers Union has notified General Motors that it will extend its five-year contract until June 7, giving more support to speculation that the union intends to concentrate its drive for a guaranteed annual wage on the Ford Motor Co. The GM contract was originally scheduled to terminate May 29. CIO unions contract with Ford expires June 1. FOREIGN: Diem, Dai Locked in Showdown on Army SAIGNON, Indochina. April 30.— Premier Ngo Dinh Diem and absentee Emperor Bao Dai locked in a showdown struggle today for control of the victorious South Viet Nam army. The bitter fighting appeared oyer for the moment although Nationalists opened fire today with machine guns on a truckload of French soldiers, apparently mistaking them for the Binh Xuyen rebels they have sworn to wipe out in the bloody civil war. No casualties were reported. Conditionally Approve Stationing of Troops TAIPEI, Formosa, April 30.— Nationalist China will approve stationing of United States ground troops on Formosa provided the move is not part of any cease-fire arrangement in the Formosa Strait, an official source said today. The informant emphasized that no official decision yet has been made. But it, was indicated the matter was discussed by Adm. Arthur W. Radford, chairman of the U. S. joint Chiefs of Staff, in the talks with Generalissimo Chiang Kai-Shek last. week. France, Germany Near O.K. on Steel Works BONN, Germany, April 30. — France and West Germany are near agreement on the fate of the huge Roechling Steel Works in the Saar, a French delegation spokesman said tcday They also have hammered out a "basic agreement" on holding a referendum in the disputed 900-square-mile territory, the French spokesman added. He said the two countries will submit a joint proposal on this to the Ministers Council of the Western European Union in Paris, May 10. Portugese Police Fire on Volunteers BOMBAY, India, April 30.— Portugese military police fired on three squads of "Free Goa Volunteers" who crossed into Portugese territory at Daman last night, according to reports from the border today. There were no reports of casualties among the 80 "volunteers" involved in the latest demonstration against Portugals refusal to return the enclaves to India. Nehru Sending Top Lieutenant to Peiping NEW DELHI, India, April 30.— Prime Minister Jawaharlal Nehru announced today he was sending one of his top lieutenants to Peiping in hopes of getting direct talks started between the United States and Communist China on the Formosa crisis. Nehru told Parliament that Communist Chinese Premier Chou En-Lai had invited V. K. Krishna Menon, Indias permanent representative to the United Nations, to come to Peiping and that Krishna Menon would be leaving soon.

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