The Holland Evening Sentinel from Holland, Michigan • Page 10

PAGE TWO THE HOLLAND, MICHIGAN, EVENING SENTINEL MONDAY, JULY 17, 1961 Newspapers, Broadcasters Face Boost in Line Charges WASHINGTON (UPI) News papers, broadcasters and all oth er users of leased teleprinter, telephoto and telephone circuits face an increase of up to $2.250,000 in yearly charges by the American Telephone Telegraph Co. and Western Union. The Federal Communications Commission made the estimate in prescribing or authorizing sub Stantial changes in the design of rates for leased teleprinter services of Western Union and leased teleprinter, telephoto and telephone circuits of ATT. The changes were detailed by the FCC in a 160-page document released over the weekend. It constituted the FCC's initial decision in a five-year, four-month investigation of the rates and regulations for leased facilities of the two carriers.

The FCC said ATT and Western Union claims for 10 per cent earnings were excessive and unwarranted but "we conclude that the proper level of private line earnings approximate 9 per cent for Western Union and per cent for ATT." The FCC estimated the revenue increase" for ATT at $1,500,000 annually and for Western Union at $750,000. The overall increase will result despite the fact there wiH be some reductions for some services. One effect of the changes will be that newspapers and other lessors of teleprinter i from either company will have to pay for 24-hour per day, seven-day-per-week service even iJ they need only a few hours ol service daily. The FCC held that present ATT and Western Union rates for limited hours of service were "unlawfully discriminatory." The FCC's new rulings are still subject to appeal But in issuing the initial i i the commission rejected all of the recommendations and counterproposals made by United Press International, the American Newspaper Publishers Association (ANPA)- and the National Association of Broadcasters (NAB). The UPI intervened in the proceedings at their five years ago and was joined in 1958 by the ANPA and the NAB.

The FCC authorized the ATT to increase rates for telephoto service to produce a maximum additional $364,000 annual gross revenue to raise its return on that service from 4.8 per cent to 7.25 per cent, based on ATT cost figures. It is believed the UPI and Associated Press telephoto networks make up at least 75 per cent of all that business At the same time the comnn's sion prescribed substantial reduc tions in.rates charged for leased telephone services used by many large business organizations. Stocks Move Fractionally NEW YOEK (UPI) Stock edged forward on a predominate of small fractional gains thi morning. Trading continued dul Popular market indicators show ed small gains at the noon hou with volume runnin, around a million shares. Steels, chemicals, autos and metals were all narrow and trend less, while oils, drugs and a majority of defense issues firmed Rails and utilities were boll slightly easier.

Most brokers had expected a continuation of Friday's advanc accompanied by small volume which they said might persist for some weeks ahead. Pointing out that despite week's decline, the technical posi tion of the market deterioratec ittle while most economic indicators continued to move higher experts agreed that market trend is still the up- Investor's Guide By Sam Shulsky Q. In a recent column you sug gested trade of stock for a "new mutual fund now 'being organized." Why advise investment in a newly organized mutual fund rather than in an established fund with a successful history and substantia total assets? What advantages are there in investing in a new fund 7 A. The "new mutual fund" I dis cussed was not merely another mutual fund starting up, but a relatively unusual type of exchange fund. In the last few years, the Securities and Exchange Commission has approved the creation of some mutual funds which did not sell their shares initially to the public but accepted, instead, stocks held by investors.

The advantage to the investor is that if he held, let us say, substantial amounts of leading securities on which he has large profits, he may evchange his shares taking current market price for shares of the fund and not have to pay a capital gains tax now. The tax is not forgiven, but it is defer red. Still, this is of high importance to a man who may be preparing to live on. his investments. If, for example, he has a profit of $50.00 on holdings of a total market ol $150,000 he can turn in the entire WHTC Holland Broadcasting Company 1450 Holland, Michigan on your radio dial Mutual News every hour and half hour.

Monday, July 17 EVENING 5:00 News 5:05 De Vries Motor Weather News 5:10 Auctioneer 5:15 The Round Sound with Lucas 5:35 Sunnyside 5:45 Smltty's Sport 6:00 Barber World Sn Brief 6:05 Sentinel News 6:10 Cook Lumber Michigan News 6:15 Proceed with Caution 6:16 Speaking Sporti 6:20 Music 6:30 Van Patrick Sports Show 6:45 Gabriel Heatter 6:50 Dinner Music 6:59 First Michigan Bank 7:00 Marie Bazaan 7:35 Baseball Wannup 8:10 Kansas City at Detroit 10:30 George Kell Scoreboard 10:35 The World Today 11:05 Evening Serenade 12:00 Find Tuesday, July 18 DAYTIME 6:00 Mutual News 6:05 Clock Watcher 6:45 Hymns and Heart Talks Pastor Cofield 7:15 Morning Meditation Bev. Kenneth Van Wyk 7:30 Van Patrick 7:35 Michigan Local News 7:40 Weather News 7:45 Musical Varieties 8:00 Mutual News 8:05 Dutch Boy Hymni of the Morning 8:15 Family Worship 8:35 Morning Roundup 8:55 Michigan News 8:05 Morning Roundup with Marv Emma Young 9:55 Sentinel News 10:05 Talk of The Town 10:30 Galen Drake 11:00 Hour 12:00 Hanaon's World 12:05 Sentinel 12:10 Michigan News Farm Market Report 12:20 Trading Post 12:30 Francis 12 '35 luncheon News Notes Foster 1:15 Musical Cararon AS Sunnvilde News 3:40 Michigan Newt 3:45 Sunnyside $150,000 for the same asset value in shares of the fund. If he were to sell the $150,000 worth of stock he might have to pay up to $12,500 in taxes on his capital gain, thus reducing his retirement stake to $137,500. By exchangirtg his stock for shares of the fund, he keeps the entire $150,000 intact and working for him and pays no gains tax until he ultimately sells the fund shares. "I'll grant you that these "exchange" funds are new.

In fact, the tax-free exchange of securities may take place only during the organizational phase of the fund. But it is also true that most of these funds are being managed by people who are already experienced in management of funds, in the brokerage and banking fields, or all three. As far as your term "substantial total assets" is concerned: All funds sell at their asset value, plus commission. There is really nothing hidden about the real value of a mutual fund. Most compute their worth based on the market value of their holdings once and even twice a day.

So there is very little room for sentiment. If you read the bid price of any fund as $17.89, for example, you can be sure that that represents the market value, to the penny, of the fund's holdings, divided by the number of shares the fund has out in stockholders' hands that day. It is not at all the same thing as the market price of a glamor stock which may flustuate wildly from hour to hour on any number of bases most of them emotional. Mr. Shulsky welcomes all reader mail.

Readers questions are incorporated in his column whenever xwsible. If you desire a reply, or ists of suggested investments, enclose a stamped, self-addressed envelope. The air defense radar platforms off the east coast of the United Itates take their name from the oil drilling rigs used in the Gulf of Mexico. They are called "Texas Towers." most asic ward. However, many cautioned thai recent developments in Berlin might cause further hesitation and his seemed to be the case in today's early trading.

Du Pont stood out in the chem- cate with a loss of around 2, apparently on profit-taking after the prior week's sharp gain. Tennessee also slumped Dow Jones averages: 30 industrials 690.79 off 20 rails 136.44 off 0.61; 15 utilities 114.17 off 6.20; 65 stocks 228.56 off 0.32. Standard and Poor's indexes: 425 industrials 69.02; 25 rails 31.50; 50 utilities 59.45; 500 stocks 65.32. NEW YORK (UPD-Stock market prices: Alco Prod' 17 7 8 MGM Aid Chem Mons Chm Al Chal Alcoa 73Vs Am Airl Am Can 42V4 Am Cyan 43 7 Am Mtrs 16 7 8 Am TT Am Vise 58 Anaconda Armour MontyWd Natl Av Natl Bisc 76Y 8 Natl Dairy Natl Dist Natt Gyps 64 NYC 16 Am Av 50V 8 Owns II Gl Pan Am Vacationing Husband Killed, Wife Injured in California BAKERSFIELD, Calif. Vacation-bound Joseph and Irene Yilek of Fontana, made two mistakes.

They failed to need warnings about camping along the road and tried to befriend another Yilek was repaid with two bullets in the heart. Mrs. Yilek was terrorized, fought off attempted rape and finally was beaten unconscious. All before the eyes of their two young sons as the California sun rose over U.S. Route 99, three miles north of here Sunday.

It was the second time in less than two weeks that vacation parties met violence and death as they tried to help a distressed traveler. Mrs. Jeannette Sullivan of Rockville, was slain, and her daughter kidnaped--and probably killed July 4 near Moab, Utah, -as they stopped to aid a motorist apparently having car trouble. The Yileks' vacation tragically in its first few hours as they attempted to catch some rest on their auto-towed 16 foot cabin cruiser alongside the highway. A massive manhunt is on for middle-aged gunman.

Mrs. Yilek; 25, who is in serious condition at Memorial Hospi- al from shock and multiple ruises and cuts, reconstructed he crime for Kern County sher- if's deputies, this way: She and her 27-year-old hus- and had spent the night sleep- ng on the boat's deck, while their sons, Tommy, 7 and Roger, slept inside the locked cabin. At daybreak, a middle aged man with reddish blood hair stopped his car beside the boat trailer and asked water. As Mrs. Yilek was fetching a cup of water, the man drew a pistol and demanded the couple's money! Yilek gave the man some 'bills, but the intruder declared, "You're holding out on me.

I want all of your money." Then the man began firing his gun. Yilek fell with two bullet wounds in his'heart as the boys watched terror-stricken from the boat's portholes. 'Mrs. Yilek wrested the gun from the man and threw it into a field. She was beaten unconscious as she resisted the gunman's attempts to rape her.

After regaining consciousness, Mrs. Yilek, her i half ripped from her, flagged down a passing motorist who called authorities. Two. neighbors, aware of recurrent attacks on vacation bound motorists who camped beside the road or stopped to help unknown drivers with "car trouble," said they warned the Etiwanda Steel Co. foreman and against making a roadside stop before they departed Saturday night.

Mr. and Mrs. C. E. Pilkington, also of Fontana, were to have met the Yileks at Yosemite.

"We warned them about camp- ng beside the highway," Mrs. Pilkington said. Deputies found the weapon, a pistol, about 10 feet from the, parked boat. They said it had been stolen in a 1958 Los Angeles robbery. Cju Markets GRAM) RAFIOS MARKET EGGS: Paying prices at farm July 13 for white eggs, graded basis as computed by Grand Rapids dealers: Srade large, 26-29c; 29-Slc.

small, I7r20c; ungraded, Atch TSF 26y 4 Para Pic Bald Lima ParkDav Bendix 62 Beth Stl 40Vs Penney JC Pen Dix 28V4 Boeing Air Penn RR 13 Can Dry 25V 4 Cleanese Chrysler Coca Cola S9Vt Colgate 45V4 lomEd ConPwr lont Can 41 Doug Air 33 Dow DuPont 22tm East Air PepsiCola 487s Pliilco 22Vs Philps Pet 59 7 8 Pullman Pure OH 37 RCA Rep Stl Reyn Mtls Reyn Tob 132 Sears Rbk Sine Oil 41 Soc Mob Spery Rnd East Rod Std Brds Erie 4 7 8 Std OilCal Firestone 46 7 8 Std Oillnd Ford Mtr 85Vi Std Oil NJ en El Std Oil 0 en Foods Stude Pack 7 en Mtrs TenGs Trn Gdrch BF 65V 4 TimRlr AP TWA reyhound Un Carb ulf Oil Untd Airc Here Pwdr Untd Frut II Cent nBusMch Int Nick 80 Int TT Kroger lOrillard US Rub US Stl 81Vs West Air 26 West El Wolwth fw Yngtn st 102'A The highest light maintained he United States Coast Guard is top of the island of Lehua, Hawaiian Islands. It is 707 feet above sea level. TV Schedule July 17 Monday THIS SCHEDULE COURTESY OF THE FOLLOWING MERCHANTS Cent. Standard Time Host. Standard Time WOOD (8) East.

Standard Time WKZO .3) 5:00 5:15 5:30 5:45 6:00 6:15 6:30 6:45 7:00 7:15 7:30 7:45 Movie Movie Movie Movie Movie News. Sports News, Sports Huntley, Brlnkley Jim Backus Jim Backus Rebel Rebel Chan. Clubhouse Chan. 3 Clubhouse Rln Tin Tin Rin Tin Tin Law and Mr. Jones Law and Mr.

Junes News, Sports News, Edwards Fllntstones Fliiitstones To TeJl The Truth To Tell The Truth Garfleld Goose Garfield Goose News News-Weather Superman Superman BURS Bunny BURS Bunny News Golf Tips Whlrlyblrds Whirlybirds DELICATELY EMBROIDERED with pink rosebuds, this ball gown by Pierre Balmain is finished with a big; frilly Bertha that can be removed to reveal a sleek, strapless neckline. The full skirt and collar are banded in pink organdy to match the era- broiderv. LOCAL LONG DISTANCE MOVING COAST TO COAST SERVICE BOER'S TRANSFER and STORAGE 63 W. 18th St. NEW FIREPROOF STORAGE Phone'EX 2-208) 8:00 8:30 8:45 9:00 9:15 9:30 9:45 Pioneer Pioneer Wells Pargo Wells Fargo Harrlgan Son Harrlgan Son Concentration Concentration Pete Gladys Pete Gladys Bringing up Buddy Bringing up Buddy Spike Jones Spike Jones Ann Southern Ann Southern Two Faces West Two Faces West Rescue 8 Rescue M-Squad M-Squad Tightrope Tightrope DE LOOF'S DRUG STORE Vitamins Griming Coids 438 WASHINTON AVE.

PHONE EX 2-2908 Ike Fishing In Michigan WATERSMEET (UPI) Fromer 'President Eisenhower and his brother went fishing, today in the cool waters of Michigan's Upper Peninsula and northern Wisconsin. Eisenhower and his brotheer, Dr. Milton Eisenhower, president of Johns Hopkins University, arrived at nearby Land O'Lakes, Sunday for a two-week fishing vacation. Two other Eisenhower brothers Earl and Edger, were scheduled to join the fishing party today. The Eisenhowers are staying at Maplewood Lodge, owned fay Lawrence B.

Fisher, an executive, of the Fisher Body division of General Motors. The lodge is located on Thousand Island Lake, about one mile north of the Wisconsin state line. Eisenhower flashed his famous grin as he arrived by airplane, looking fit and dressed in a business suit With the Eisenhowers was Leroy Eakin, Milton's father- in-law. John Garber, Chicago, former operator of King's Gateway Resort at Land O'Lakes, made the arrangements for guided fishing trips of the area for the Eisen- howers. He is an old acquaintance of Milton, who has been a frequent visitor to King's Gateway.

The general left his wife, Mamie, at their Gettysburg, farm and met Milton at Baltimore for the trip. A lake adjoining the one the Eisenhowers are staying at is named Lake Mamie. (See earlier story page 6.) POULTRY: Paying prlcei for live Michigan poultry delivered to local dealers: Heavy beni, 5 ibs. up, I4c: fryers, 16-17c; roasters, 19c. FHUIT AMD VEUKTAB1.ES BEANS: Bushel, green, wax, S6.00- 6.50; wax, $7.00.

BEETS: Doz. bunches, $1.00. 6s, S1.50. CABBAGE: Michigan No. 1.

orate or bushel, red, $3.50. CARROTS: Bushel, crate of 24 bunches, 32.00-2.25. CORN: Dozen ears, GREEN OJM1OMS: Dozen bunches 50-55c. GREENS: Bushel, crate, turnips and mustard, beet. 10- Ib.

$1.00. LETTUCE: Leal, 10-lb. a outdoor, 75-90c; bib, basket of 24 heads, Romaine, Boston, 51.25 head, doz. $1.50. PARSLEY: Dozen bunches, 60c, PEAS: Bushel, sugar pear, per poung, RADISHES: Outdoor, 40-45c.

RHUBARB Outdoor, 15-lb. crate, too few to quote. SPINACH: Crate, $150. SQUASH: Zucchln, 10-lb. basket, yellow summer, 75-85c.

STRAWBERK1KS: Michigan, 16-qt. crate, various varieties, No. $6.00. 6.00. TOMATOES: Greenhouse, 8-lb.

basket, 1, medium, small, rough best, the lower -price level. Supplies ample on large and barely ample to short on the balance of offerings. NEW YORK (UPI)--Egg offerings ample, demand spotty mostly light. Large white 39-43; brown 4345. Medium white brown Small white 26-26; brown 24-25.

CHICAGO (UPI) -Eggs steady. White large extras 34; mixed large extras 34; mediums 34; standards 31. The flags of the member nations of the United Nations are raised in alphabetical order. The accordion the greatest volume of sound for its size of any musical instrument. small, rough best, Dozen bunches.

poorer, 75c. WATERCRESS: $1.25. GRAIN Rye No Bid Wheat 51.S8 LOCAL MARKET Eggs. Farm White, doz. 32c Chickens, heavies, Ib.

18-2Uc Broilers, Heavy, Ib. I4c Leghorns I2c Fryers 15-16c LIVESTOCK HOGS: Choice, 190-200 17 -18c; 200 250 250 300 IS 16c; 400 up, 14c. CATT1E: Good and choice steers and heifers, 20-21 fair beef cows, canner cows, heavy bulls, 18-20c. CALVES: Choice to prime, 35-37c; good, 29-31c: common. 26-a8c.

BEEF HIDES: 3V4c; No. 1 horse hides, $3.00 each. BELL-SHAPED jacket with a double-breasted closing is fashion, news in Monte-Sano and Pruzan's red Linton tweed suit. The collarless neckline forma a shallow V. 0:00 0:15 0:30 0:45 Barbara Stanwyck Barbara Stanwyck Alcoa Presents Alcoa Presents I Glenn Miller Glenn Miller Brenner I Brenner Jim Comvay Jim Conway Time Change Time Change 250 FOR SAME T.V.

SERVICE SALES RENTALS Allen's Radio Shop EX 4-4289 We Use Only "Blue Chip" quoliry Tung Sol Tubes 11:00 11:15 11:30 11:45 News, Sports News, Sports Jack Paar Jack Paar iNews. Movie Movie Movie Festival of Stars Festival of Stars Festival of Stars Festival of Stars TV SCHEDULE JULY 18 TUESDAY WOOD-TV (8) East. Standard Time Today Romper Room 10:00 Ed Allen 11:00 Price Is RlRnt 12:00 or Conse. 1.00 Movie 2:30 Loretta Young 3:00 Dr. Malone 4:00 Popcyc 6:00 News-Weather 6:15 News, Sports 7:00 Dangerous Kubln 7:30 Rifleman Lockup 8:30 Hitchcock Thriller 10:00 Special For Wo's 11:00 News 11:30 Jack WKZO-TV (3) East Standard Time 7:30 News 8:15 Capt.Kangaroo 9:00 Tnealre 11:00 Douriie Kxpusure 12:00 Li've of Life 1:00 Fern.

Fancies 2:00 Face The Facts 3:00 Millionaire Brientei l)a; iy 4:30 Edze or NlRht 5:00 Clubhouse 6.00 Put her 6:30 News, Sports 7:00 My Yhree Sons 7:30 Dohlc Glllls Wm. Tell 9:00 Tom Ewell 9:30 Playhouse 90 11:00 WGN-TV 19) Cent. Slondord Time Blips Bunny 9:00 The Huneymoonei 10:00 Life of Kfley Virginia ciale 12:30 Pacldlebot 12:55 Baseball 1:00 Baseball 3:30 Tenth Inning 3:45 Baseball 6:30 Bugs Bunny News 7:15 Golf Tips Ki.vdl 8:30 Underwater Hlxhwuy Krlsro Best Id (Hi Jim 10:30 p.m. East 11:00 Festival Stars Sub Raised From Water MA.N'ISTEE UPI--The U. S.

S. Tautog, once known as "the fightingest ship in the U. S. Navy," was officially no more today. The last hull section of the famed World War II submarine was raised from the water of Manistee Lake Sunday.

The action marked completion of a salvage contract held by the S. government with the Bultema Dock and Dredge Co. Reduction of the 307 foot, vessel to usable components and scrap metal began last February. The ship had been towed to the dock last August from Milwaukee, where it had served for several years as a naval reserve training vessel. Some of the Tautog's scrap and equipment has already been disposed of, but other portions are stored, Some of the stored park, Wallets Taken From Two Cars at Public Beaches Ottawa County deputies reported a pair of larcenies from automobiles at public beaches in the Holland area Saturday afternoon involving the theft of billfolds.

Thieves broke into a car owned by Richard H. Leenhouts of Olney, 111., at Tunnel Park sometime Saturday afternoon, deputies said, and took a wallet containing $50 to $60 from the glove compartment along with several gasoline credit cards. The vent window on the right side of the Leenhouts car had been broken, deputies said. The theft was reported to deputies at 5 p.m. At 5:30 p.m.

Holland State Park officials reported a larceny from a car at the state park. Two billfolds, one containing $75 and the other $12, were reported stolen from a car owned by Roy R. Heeter of West Carrolton, Ohio, between 11 a.m. and 4 p.m. Deputies said the method of entry to the Heeter car was not known since the auto was locked.

Corn Wheat Oats GRAIN MARKET $1.12 EGG MARKET DETROIT (UPI)--Eggs: Prices paid per doz. by first receivers delivered to cases included, loose eggs in 30 doz. cases: Consumer grades (including U.S. grades), whites, Grade A jumbo 40-50; extra large 37-46; large medium 32 36; small 23-23. Market sentiment steadier but prices very irregular.

Demand fair and generally improved at ETEN HOUSE HOLLAND'S FINEST HOUSE OF FOOD CHICKEN STEAKS CHOPS SEAFOODS LUNCHEON AND DINNER SPECIALS DAILY FAMILY DINNERS OPEN DAILY 10:30 AM. TO 9 PJM. SUNDAY 11:30 A.M. TO PJM. 138 N.

RIVER AVE. PHONE EX 6-8266 RED BARN THEATRE SAUGATUCK, MICH. NEW YORK PROFESSIONAL CAST 'Sunrise at Campobello' MONDAY THRU SATURDAY WEDNESDAY MATINEE 2:30 i TICKETS AT WARM FRIEND HOTEL--EX 2-313T fr SUNRISE AT CAMPOBELLO IS A THRILLING EXPERIENCE IN THE THEATRE FOR YOUR WHOLE FAMILY Red Cross Gray Ladies Plan Picnic Thursday Mrs. Gladys Aldrich, 566 Howard will be hostess to all unit hospital Red Cross Gray Ladies at her home for a ham- burg fry and picnic on Thursday at 6:30 p.m. All are asked to ring their own hamburger and uns, silver and one dish to pass.

They are asked to dress in sport- wear. The committee in charge includes hospital unit chairmen, VIrs. Andrew Koeman, Mrs. Henry Colton, Mrs. George Frego and VIrs.

Clyde Sandy. NOW! ENDS WED. HOLLAND TA A PHOM LX 2 2 5 3 AIR CONDITIONED SEE PARRISH AT 1:30 P.M. CONTINUOUS DAILY FROM 1:30 P.M. BARGAIN MATINEE'S 60c TILL 5:30 P.M.

MEET THE MOST EXCITING YOUNG STARS IN AMERICA TODAY I His name is HUflUSH Fnm WARNER BROS.I STARTS THURSDAY! More thafi a not yet a manf m- I eluding 11 periscope and communi- cations equipment, will be return- to Milwaukee to go into marine museum as part of an nterior mock-up of a typical submarine. Before the decommissioning and lemolition order was signed, a group of Navy men in Milwaukee ought unsuccessfully to have the ub permanently preserved as a shrine. The Tautog, commissioned July 3, 1940, sunk more than 72,000 tons of Japanese shipping in the course of 13 Pacific patrols. A I I HQIIANO PHONE 4 a 4 OPEN 6:30 SHOW AT 7 P.M. SIE BATTLE OF BLOODY BEACH AT 7 PJH.

and 10 PJU. DAYS OF THRILLS 8:30 ONtY 2 BIG FEATURES OF ACTION AND COMEDY. PUTS THIS FEATURE THAT WILL BRING BACK MEMORIES BUCK KITE TONITE Sl.OQ A CARLOAD STARLIGHT MOiU OPEN AT 7 P.M. SHOW Al DUSK RAIN OR CLEAR VISIT OCR SHACK BAH OPEN AT 7 PLAYGROUND FOR KIDDIES UMVEXSAUNICMUTIONM. ftt-KUASCS lEWSPAPERI iNEWSPA'FERr.