May 4, 1952

issues and developments revd

PRINCETON, N. J., May 3 -- Harvard's varsity crew regained the Compton Cup today by out-rowing Princeton, M. I. T. and Rutgers on the placid waters of Lake Carnegie.

Rodman arrives NYC; Lt Comdr C M Lee, master, lauds crew for rescue of 23; survivors transferred to Wasp by helicopter; rescue described; scenes illus

In the White House yesterday ten men gathered around the long oblong table in the Cabinet Room. Their business was a case officially titled, "In the Matter of the Basic Steel Industry and United Steelworkers of America, C. I. O."

Financial markets gave desultory performances most of last week as traders awaited clarification of the muddled steel wage-price controversy. The brief midweek walkout by the steel workers, following temporary return of the industry to management by court order, and the strike in the petroleum industry induced a sagging tendency in the markets, but prices turned firm toward the week-end on the more optimistic outlook for a settlement in steel.