Missile Physicist Applies
Mathematical System to
Win On Stock Market
SEATTLE, UPl — The scientific
method he once applied to the
mathematics of missiles has reaped
Douglas Steen a tidy fortune in
the continent’s commodity mar
kets.
Steen, now 34, started trading in
cocoa and coffee futures six
years ago. At the time he was a
mathematical physicist with the
Northrop Corp., working on the
Snark surface-to-air missile.
He had $6,000. Now he has
$240,000.
Along the way, he has made an
exhaustive study of market varia
tions. Recently, for instance, he
and his aides spent six weeks
analyzing microfilm records of 23
commodities in World War II.
He sums up the secret of his
success as follows: “Study and ap
plication of the scientific tech
nique.”
But sometimes, instead of mak
ing money, he loses it. And why?
Well, it seems even Steen isn’t
always scientific. Sometimes, he
says, he’s swayed by emotion.
That’s when he gets thrown for
a loss.
INVITATION TO BID
Sealed bids will be accepted
until 5 p.m., Tuesday. May 17,
at the Superintendent's Office,
Nome Public School, for the fol
lowing work:
Carpenter work required to
affect alterations in two class
rooms in Old School Building.
Changes in specification can be
acquired from the Office of the
Superintendent.
Bids will be opened by the
School Board at a special meeting
at 5:00 p.m., Tuesday, May 17.
Publish May 1,1, 13, 16.
State Tax Collections
Up Over Last Year
JUNEAU, Iff) — State tax col
lections during the first 10 months
of the current fiscal year
amounted to $22,719,447, the Gov
ernor’s Office reported today.
The total represented a $1,728,
905 increase in receipts oer the
$20,990,541 for th same period
during the 1959 fiscal year.
The figures were based on col
lections for the ' period ending
April 20. Receipts during last
month amounted to $3,349,366, up
$31,178 from April a year ago.
Major increases during the 1960
fiscal year were in income taxes,
up $729,804 over the same period
a year ago, and motor fuel re
ceipts, up $348,579.
Additionally, the state reported
income of $10,154,065 during the
first 10 months of this fiscal year
from sale and lease of lands, min
eral lease receipts and other items
administered by the Division of
Lands.
These totals included $5,111,812
from state mineral leases and $5,
705,597 from the federal govern
ment as Alaska’s share of reve
nues and royalties from oil and
gas leases in the state.
IN THE SUPERIOR COURT FOR THE
STATE OF ALASKA. SECOND JUDI
CIAL DISTRICT
NOTICE TO CREDITORS
No. 1113
IN THE MATTER OF THE ESTATE OF
ANNA ANDERSON. Deceased.
NOTICE IS HEREBY GIVEN that
William T. Haley of Nome. Alaska, has
been duly appointed the Administrator
With Will Annexed of the estate of Anna
Anderson, deceased, by order of the
Judge of the above-named Court.
All persons having claims against said
estate shall present them, in proper legal
form, with vouchers attached, to the said
Administrator at Nome, Alaska, within a
period of six (6) months from the date
of this notice.
Dated this 19th day of April, 1960.
WILLIAM T. HALEY
ADMINISTRATOR
Virgil D. Voc.ioska
Attorney at Law
Attorney for Administrator
Publish April 22, 29. May 6, 13, 1960.
I I
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Slips — 3.95 to 5.95
Panties — 1.65 to 2.50
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Lockheed Says
Wing Flutter
Cause of 2 Crashes
BURBANK, Calif., Iff) — Lock
heed Aircraft yesterday blamed
a terrifyingly unpredictable sky
phenomenon — violent fluttering
of an airliner’s wings developing
so quickly they snapped within
two seconds — for two crashes of
its proud Electra jets.
Ninety-seven persons died in the
crashes in Indiana and Texas.
Both planes lost wings while fly
ing in seemingly safe weather.
Reporting on its intensive study
to find the cause of the tragedies,
Lockheed told a closed gathering
of the pilots who fly them and
the airline executives who buy
them:
At speeds over 300 mph. — the
Electra cruising speed is 400 mph.
— a peculiarity in the mounting
of the outboard engines caused
an unpredictable and abnormal
flutter.
Wings flapped up and down at
the rate of three cycles per second.
It took but two seconds for them
to reach the snapping point.
The Northwest Airlines plane
that crashed near Tell City, Ind.,
March 17, killing 63, lost a wing
during a downward flap.
The Braniff plane that crashed
near Buffalo City, Tex., last
Sept. 29, killing 34, lost a wing
on the upward cycle.
Wing flutter normally is con
trolled by construction processes,
but an abnormal flutter is likely
to develop a motion that can in
crease to the breaking point. This
apparently is what happened.
Lockheed said some kind of
damage apparently occurred in the
engine area of the wings of both
crashed planes. It was a combina
tion of the damage and the flutter
which caused the breaks.
The firm said it will submit de
sign changes to the Federal Avia
tion Agency within a few weeks.
The modifications are expected to
cost about 25 millions.
X-15 Rocket Plane Makes
1st Cross-Country Flight
EDWARDS AFB, Calif., OB—An
X-15 rocket plane made its first
cross-country flight yesterday,
venturing for the first time be
yond gliding range of its dry-lake
landing strip here.
The small black research dart
was dropped from a B-52 bomber
at 8:47 a.m. over Silver Lake, 110
miles northeast.
After four minutes of powered
flight, during which it shot up to
75,000 feet, the V-15 landed here
at 8:57. Its top speed was 1,850
mph., not a record.
This was the longest flight in
distance yet made by an X-15.
Previous flights have followed a
circular pattern, never more than
30 miles from this base.
Test pilot Joe Walker of the
National Aeronautics and Space
Administration was at the con
trols. It was his third flight in the
X-15, expected eventually to soar
to the edge of space.
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GRUENING RECEPTIONIST NAMED MISS D. C. JAYCEE —
Senator Ernest Gruening. left, and Charles M. Unkovic, repre
senting he Junior Chamber of Commerce of the District of
Columbia, clasp hands with Miss Avis Brateng after announce
ment of her having been designated Miss D. C. Jaycee. Miss
Brateng. receptionist in Senator Gruening's office, will compete
with 20 other girls from all parts of the nation at San Angelo,
Texas, May 9-14, for the title of "Miss Wool." Alaska's Aleutian
Islands produce the highest quality wool under the American flag.
British, Soviet Observers
Will Have Part In U. S.
Nuclear Detection Tests
WASHINGTON, W — The U. S.
underground nuclear tests to try
out detection systems will be con
trolled by a joint group including
Soviet representatives, President
Eisenhower said Wednesday.
The President was told at his
news conference that last Satur
day’s announcement of the forth
coming tests caused some confu
sion over the extent of Russian
participation.
Eistnhower said the under
ground trials will be supervised
by a body representing Britain,
Russia and the United States and
that oo weapons whatever will be
involved.
In fact, Eisenhower said, many
of the tests won’t even involve
nuclear materials.
The purpose of the test series
is to determine whether effective
detection devices can be perfected
which will enable all nuclear
powers to abandon weapons tests
with the assurance that others
cannot continue them in secret.
Asked if the Russians will be
shown every detail of American
nuclear devices used in the tests,
Eisenhower said he believse they
will and that they ought to see
everything necssary for their par
ticipation in the venture.
SUBSCRIBE TO THE NUGGET
HAS A GOOD LINE . . .
NEW YORK, UP) — Nobody’s
knocking fisherman Roger Gim
bel by saying he has a good line.
He needs one, living 18 stories
above the East River.
Gimbel, an executive producer
at NBC, doesn’t confine his cast
ing to the office. Far from it. As
soon as he gets to his Sutton
Place apartment, he gets out his
fishing rod and lets fly with 200
feet of line into the river below.
“I’ve always been a river buff,”
he said Wednesday, as he leaned
out of a window of his nine-room
18th-floor apartment — fishing,
of course.
“Fishing is very practical here.
My wife and I never eat what we
catch; it’s strictly sport. But on
some Friday nights we hold fish
ing parties up here, and as bait
we have squid, shrimp and can
apes.”
BRING YOUR
WATCH
to the
Nome Drug Store
for
EXPERT REPAIRS
FOR ESTIMATES ON . . .
• Your Special Sheet Metal Work
• Tanks # Stoves
• and Custom-Built Items
CALL
Northern Metal Works
Black 115 after 5 pjn. —phones— Shop: Mam 115
i to ta I
You’re all set for real v
RELAXING I
when we handle your wash |
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NOME U-WASH
— PHONE BLACK 1 —
— MACHINES DO YOUR JOB!