San Antonio Light from San Antonio, Texas • Page 35

36 I HANEY Untried Trust By LEWIS HANKY Professor ol Economics, V. U. Detroit writes: "Am GO, worked all my life, fivst in coal mines and then for Chrysler, have $12,000 in Hie bank, and a broker wants to sell me 1000 shares of a lowvprired' investment trust. I don't 'know anything; about; such Please ail vise NEW YORK. lowing is a lions on' the New York stock change of noon today: Abbott 8 Admiral ArReduc 15 AlliedCh jAiledSti-s 10 AHis Clial 4 AluinLtd 10.

Ahmi Am 7 Amerada 3 AniAJrlin 31. 13 i Am Can Am Cvan 4-1 9 1:1 AmHmPfl Am Loco 3 Stocks Nat Dairy Dist VPS' J4' 2 Nat Lead 16 Nat Sivp 8' Cent. 94 NAmAv SToeast CP 2 Id 24 AniNGas 1.3 Am 2S 28 Am Tob 15 AmVscsc 10 AnacCop 35 ArmcoStl 9 Armour IS Don't' be pressured into 9 100 anything you don't under-) 5 90 cianrl aiirT'Hnn'f wanr This frusf-l Ml! 2 AS Boin A. 20 1 29'-' 9Vs 64 23-V 23 64 OJiioEUi.s Ohio Oil OtiVElov Pac'GAW IS Par. 4-1 58- .1.0 li Philco -1 PhiliDilr 37 38 62 2Si4 79 2SIV 9' 39 "i 40" 15 39 Vs 28 Vs 24 4 9' 2 79 vs.

Vv 4 31 9 11- loci' 111 NEW YORK, Feb. TJie stock market was' quietly 'lower today in early Almost all 1 divisions of the market had some part in the decline, but Josses never were more than' fractional. Gains were small. Pennsylvania Power Light- was a standout at 40 after, directors declared a dividend of .60 cents as against "Wood, 50: cents paid in the three pre- "John, vious-quarters. Boeing was down -after itj Schmachersaid the letter was had beenjfinally John Under- Frank; Schrriacher, retired general'superintendent of 'mails here, recalled the "cleverest challenge we had during his 50 the mails of of through.

It -was. a -letter; he said, addressed to: 1 A''fWv. 1 1 Indp-Ctiina Feb. iF.rench infantrymen blasted Cpmmu- nist-led Vietminh from 'entrenchments' in "the-: village of. killing 30 rebels and capturing; the French! command said, French losses- in- bitter 481-Hour fight, that, ended late- yesterday.

were as "appreciable." The -rebel ers miles-east Han oi, were; estimated at onn onri i AtlrsPTIH stand and don't want. This trust oil is relatively new and It has not done as well as some others. I advise aginst buying any of it. You keep your moneyJBuri mil 25 i2 in'a- savings account until dn Pac fcVi" i I i Tmces are lower and-the no'ii iwYi- 3ovi look much more.certain than itigjjvr 537- SJWA--' is nOW. Kod 31 :il.7« New York asks: 0 Thauks to your advice, jQair rtoh "5 I Gen 24 Ufi' VI- on Vi company anil a paper mami- lo 1.

R.v Gre.vhoui) fat-hirer. What do you Airc Buying on the way down is a good policy, if you pick sood- stocks 'arid if (2) you Mf I-Ieyd- Ch 4 TTomestk. 2 don't start too. soon. This is "averaging and is far.

IU rr ju better than general "a-verag-jinian' stf li! 24 Vi "vis in-v's- 5) "4 86 But you should have lilt HO r.i~'» 2.4/1^ 4-S-4. 8G 46 if 49 Pnjrm-rH 2-1 0 "Vx.io yl 10." abandoned to hire 1000 more workers. Kennecott announced.produc- tion cutbacks at two 'American Smelting announced.a production cut in refined zinc. Both "stocks" were fractionally lower. Railroadsj and- utili ties, wercr fairly steady, while the--steels and motors" were Among were Dow Electric, U.

S. Steel, General'Motors arid United Higher: were. New York; Union Pacific, American 54-1 Telephone, Phelps, Sears oor-tr 4ST'sT- Vk 7 Is' TexFTOc-o" 7 TovJTti? 7 7 Massachusetts Work Starts Ambassador James G. Dunn construction of Amertcan' bases' in 1 Spain- is getting. under wayj in 'accordance with, the S.

military pact with Spain. idea of cycles, and should not have bought your first GE so soon. Tut lilt 17 i.Tones.. 17 The present is not like 1946. 5 Tve Ld there is now.

cianger of. mi "hio'h Paner JLOF Win' xd.yei. 58 5 8C. -16 37 58 ing stocks 43 'i 21. ii 2 42 (t '4S'Vi' 6 siu si stocks, in general are not down My 34 4 much, and I doubt the wisdom 2g 29fs 2914 of seiectuig one Lt AJso- some industries, though 1 9 down, are clearly in for" more jjart GI 20 21 1 7V' 1.7 3.

94- .10 r-7 71 -f 7.Tn<TT' Aaain. CORPUS I', recession and should, not be bought yet. even for "averaging. down." I think, coke is one these, and your proposed 'buying should not start above" 32; Th'e- stock could fall to 2.5. Also no.te that coke follows steel, and it- would, be poor diversification to add a coke stock.

Some industries have receded to a point where down might pay are-: Smelting i AForck. Mi. 3 Or Mo Tex: 2 Mo Pac' 52 S- 9 MontDUl. Mout Oil 28)t 52 17-v Mont 5 617s Motorola 11 Nash Kel In Nat. Bisc 6 sliR 10 Gout 62 10 51 82 6.1 3b'Vs 62 82 Vs 61 V- 62.U— l.t 0 d1 Ptl 3'- 3 l' i TP-'V 2'-! 39.14 ApproxTrmmx total today clay Oregon -man's! 15-year for has ended-here, but Geprge; Connell wrote him a reuniorivis 1 'II.

S. Defenses Galled Vulnerable WASHINGTON. Civil Defense Chief Val Peterson says some military. authorities 'have; overstated the- ability of guided missiles to, shoot down attacking enemy Peterson told a- hqu'se armecl services subc.pmmitfee- -yesterday information he has o.r 6.. out, every- 10 could Araer-ican, -with wonder- weapbnX' Southern California? LOS-ANGEtES, iFeb; Galifornia- sizzled for the fifth'-straight: day, The mercury -rose'! quickly, into the 80s- frotn the- warm- morning minimum-of'; 61: Yesterday's 90Hvas, the hottest day of-the: year-; and i second': day oh record.

The 92' on Feb. 1921. $40 Motors. Or Jersej Or any one of 1200 'btlijsr and soliil on iN ew Stpckj'Excliapge. Now for the first time you just.tliat;" Vj Every every tliree can put you like SI'jOOO, int thai miglifcvbte sorn years tliafc.Avoiild^nbw.yield qn you Interested? on "tit Monthly I nvestnjeii i jamoiis sb-ealle SPY.SCORE BELGRADE; Gomrhuriist government says it.

has caught" or killed 337 spie's since Tito broke vvith Moscbw in -1048. -s: th iMidwestj Stock' exchange. Rau'scher, I Pierce co 4 inc. 1 7 39 93-. 39 to ,1 jlfl'V! to io Oati PO .62.187:938 Livestock arl tv and rpfim'ncr nnr! apripiiltiiral 1 AN IJTCESTOGK i VcgretabJtsr Ailicliokes.

ana leiming. ana agricuuurai Service Uvoctuios caiir 54.25 imc. Cai-rots. also perhaps tex- Cattle. 700: calves.

500 Supply. dozen. Broccoli. S5.0I) crate-. tn'ec J' 10 1 11 1)OU 1 .10 loads tliree Beans, green.

-ITe Cubbasre. tiles and-metals. loads Sjulls: Ic'd steers iieii'ers absent: major sliare- of cattle su'Dply 75c sack Ciiulit'lower. S2.50. dozen.

Beacon. N. asks: 1 comprised stocket "Can federal credit unions charge any interest they want on Almost; they can charge up to 1 per, cent a month, on loans they make, subject to determination of- tiieir directors. Cliiii oepper hot. ISc pounds.

steers a nuts. bushel. .84.50 bushel, S9 steiicr leers little chang.ed-. iibouf turo. crate.

o7i- pciiiiKi Onion? ir 1 heu They commonly pay. 5. or 6. per cent dividends on their shares.) i steer Glen Cove, N. asks: "Please give- me your formula for '-figuring the value, of a rental; property." The net income from the rent should yield, about 6 per cent on the value- of-the property.

Deduct from the rent the taxes, upkeep, depreciation, and any other charges. (These loads canii.il- and cutter cows ubout 810: loud utility $-12: other canuers and cutter cows SS.50-11" two loads utility to mostly commercial bulls load cut-, ter and utility few conuuev- cial slaug-hter cows cull 5 jy. -sevfti-al .75 sack. 514-17. a yellow.

sack Bcot? 75c Celery S4.00- Peas. Peppers, radishes, i dozen. 84.75 Norman J. wrote here; information a man he 1 believed to be his fathe.r. He said letters to address- here had been returned.

After investigation. Gonriell wrote Speer: "Yes, the Le Roy Speer here was your father, But to report he died twa days 'before you wrote your, letter." Superior Drum to to be caressed with trie fingertips beaten rudely, vvith sticks been delivered as-a pres- of an. African, i to at Kllfe Mail The Anqelus -Fcbi- A man was, crushed' to. death excited Australians- burst 1 through; a barrier-' -police and troops to see Queen. Elizabeth.

IT arrive' here today. queen duke of Edinburgh: hadi just passed -the the crowd surged, forward; Ensrlisii." Sfi'lOO Queen Elizabeth IE 'k. PCV It is a ceremonial drum of new. S2.7o bushel Soinach. cellophane.

dozen- acorn. l.nt. Tomatoes. S3.50 Sl.OO flosen. Rliuparh.

lor; Sweet ann, ior FEMININE and and 290-3oO-lb. i Jt i Jf choice sows 350-lb. down $24- heavier $21 and occasion- 100- snppjj-'. uegJi- market, about steady: handful rots, dozen. the Luvale community, kind which, is sounded the chieftainess goes to she gets tip.

or MAIIKKT somephe. i Beans. siroeD- zen. 31 5i? Ca'r- -Ml ih- rr dWii cauiifiowei-. Rauscli- 4Gc CJnvii.

Pr Piprro inr-' or: Ci. JtT-lcl L.P tvT Jltf. VT-nin /AVomicn.arc. especially welcome rb use-our liivcstnicnr advice bbiioatioiK.ol' cral Okv usually run about half the rent Then divide the net income 5 or 6 (depending- on the bility of the neighborhood. ir I -i 4J good "and choice cull anrl utility 1 1 S2.25 snrk.

Cucumbers S2.25 bushel; iOn box. Lottuno S3.QO Mnstard si-ftens. fifirv (loxon. I. 1 40e .00 busliPl.

Po- new bushel. Pepn'oi-s certainty ot the multiply by. 100. income) anri anc1 814-20. St.

Helena: asks: "Do corporations get-ad van-- tag-es from large bonded debt. now? What percentage of bonds and- stock is safe?" Recently it has been easier to sell bonds than stocks. Also bond interest'is lower than the dividends required to make a stock attractive, and' it is therefore cheaper to raise funds by selling bonds; Finally, on bonds is treated "as an-expense and so reduces the company's, net income, subject to taxation. The in the stabih'tv of i Jlllv UJ1U amount of fixed capital etler lambs would say that in general the debt for utilities should, not exceed 45 per cent ihead: kids absent. WOBTH FT.

WORTH. Feb. Cattle 12.00: calves 400: cattle and calves about stead here todav Good ajiri ch.oice steers a'-nd'veai-Iih' common', and fat cows SI0-1 S': -uiu cutter? bulls srood culls- calvea and PoultryrPhyjne ni-ic'es to fanners Efft's. S12.00. crate current rf if -o Ducks.

I5c- nound Fryers medium pound. Roosters'- lop nound 20-i22c. nound! toins 2oe Douiifl. Turkey hens. 27c.

SAN I1AV Sh.eei) 2100: motleratelv -ictiro fullv to. stroiiff srliter lambs- i.t-;r lambs $20: and sjaughtei and lots g-oort Cotton Poultrv LiSTO 8fe a baler 31 THXAS AUSTIN. Felx South Texas: Weak. Supplies, ade- nuate. Light to fair demand- 2 24-25c.

mostly 24c East Tc-xas: Steady. Supplies nde- iur to good demand: 24c. Waco: 'Supplies adjeqxiute lemand; 2Vi-3 pounds, railways 40 per cent and hpavv v.v-411. duu UMI mi.ur^s 2iV a industries 20 per cent of total lo to 15 capitalization. Many 1 34 3 May 'juiyi CIIICAG.O -IIROJOUCE.

hav-Pmnno naUSmeS lc ob Dcncwbcri CHICAGO. have mone. JIarcJi Dow-Jones by :in.j July POULTRY 1 i i. j. V.1 2A.

May 33.66c: 11.332.984: receipts about stouiy: T- buying- prices unchansrpd -'I i- L. Jl 93 34.37^" 54.33 U0.88 Grain Giues Pep TaJfc A A- 6or: 92 A 64.75c-: 35 62.oc May; SO hM.oc: t-ars, 90. S3 Kgjr's buying prices i lo r.mit a doxei'j U. f42c: U. S.

medium U. S. stand -10c-: current receipts 40c sdu-tiw 3S.5c: checks 3S.5c. CHICAGO GRAIX MARKET A losed pep talk with iiicAGO. Feb.

hls 40 employes served' as the i For investment advice, 'cal (Rauscher. Pierce inc fAdv.) S21H 2.1SU 2.17- 2.15^ 2.33 2.16 IV! a July ifarch May July September- Mardi May July September March May July September Xovember 'March May July September October bBid. -7ft .72 3 3.36 2.73%. 2.50 .16.90 .16.70 1..13 1 1.o4i 1.18 1 3.21 1.22=i 1.25 3.36%3.38 3.36 16.92 16.67 16.00 15.50 a Lit) LI 11 Anderson in his 1954'campaign 1 for re-election. Anderson met his staff Tues-- 'day alter working hours' and j-expressed belief the campaign i wou l) "a hard" one, requir- lieTjl! ing- the full efforts of all; I He said he believed more than the present; 8yp announced candidates-'far' Ste.Pierfe.SmimoffiHs.ific,.Hartford.

Cpan post by the time the: May 3 filing deadline rolled around. i Besides Anderson, othex candi: i 'ij dates who have announced are Pat Maloney and Charles Bond. meeting, concluded; 'witli Zemo, a doctor's 'antiseptic, stops YOUR 'T about- our vlow; cost" bank- auto, naiiic, Please send explamihg SJontljIy Jiavestment FCl 1 Teliephpne; Faiinin for tfife better In life 1 H1 Need Alt Thetife Insurance You Can Carry you; waiKiO; buy the; goes up. Tne- longer you the fewerFlKe compound. y.ou/ money.

Interest you: Yaiir also buijdsrup; a' loan' Yaiue Ljfe in 5s a s- pi a nv. Fbr further -tnfbrrna ifbnj "call- TfXffS THE BANKERS STORY "THE RICHEST MAN IN THE WORLD CAN'T BUY WHAT WE'VE PEACE -OF- MIND THE. PEOPLE REALIZE THAT FOOD- IS THE NATIONfS MOST IMPORTANT INDUSTRY, Fri BY MACHINERY CONSTRUCTION. 3-4 CREDIT PLAYS, AT ftOLE' IN'THE AMD OlSTPfBUTlON "OF PRODUCTS Plenty of rich; men have died penniless. "They didn't put aside some: of their No matter what your income- is, the main thing is to save part it regularly.

Peacer of-mind: which comes with saving is wonderful company around the house! BANK CREDIT as BWK LOAMS, helps to establish, and maintain: oar standard of living RANK LOANS help to buy Homes Cars; Furniture Appliances Helps Heai And Clear insured Savings LOAN Vacations IF A BANK LOAN WOULD HELP YOU Call on our Consumer Department W.W.- MCLLISTER. 401 NAVARSO n.47 i 30.27 10.5n 30.80 cincts to various staff members. impartial, stock analysis. Rauscher, Pierce inc. scratching and so, helps, heal and clear- surface, rashes.

Buy, Extra Strength cases! Suburban Service' Centers: ALAMO HEIGHTS BRANCH- 5029 Broadway; Phone U6-5397 COMPLETE SAVINGS LOAN SERyiQE; YQUR NEIGHBORHOOD Handy-Andy No. 7'. 2715. Fredericksburg, Rd. S.

4-0041 Handy-Andy 11 3401 Sajv Pedro Konay-Andv No. 2V 5)5 Wi 2-5711 Depository Facilities on. the T.rwvis St. corner of our bank. IP NATIONAL BANK MfMBEK FEDlRXt.

DERQStT: INSUKANCf CORPORATION A' A fT SAN A TO I CX, Tifct.