Tucson Daily Citizen from Tucson, Arizona on June 2, 1960 · Page 23
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Tucson Daily Citizen from Tucson, Arizona · Page 23

Tucson, Arizona
Issue Date:
Thursday, June 2, 1960
Page 23
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PAGE 24 T U C S O N D A I L Y C I T I Z E N THURSDAY EVENING, JUNE 2, I960 JAMMED RACE Demo Contenders Keep In Limelight he'll attend the convention, but! did say "I would like to go but I i would not want to disfavor any-i body." j Briefly, Stevenson's five point; peace strategy was this: Build up d e t e r r e n t power; strengthen the Western alliance; J plan with allies long range aid to, underdeveloped countries; give ', complete disarmament under in- WASHINGTON--*-Democratic, Gov. G. Mennen Williams before presidential possibilities were si- j taking off for Denver, most treading on each other's! L 351 aiS^ 1 Kennedy and Sen. heels today, keeping themselves j Smart Symington (D-Mo) appeared in the voter's eye each in his Jon the same platform at a San own way. j Francisco testimonial dinner for Sen. John F. Kennedy (D-Mass) j California's Gov. Edmund G. flew to Chicago to speak to a ; Brown. Textile Workers Union convention, j At the same textile workers then planned a few hours of politi-1 convention last night, Adlai E. cal sounding out with Michigan's j Stevenson called for new and INTER TOY SHOP'S CUSTOM CAR CONTEST WINNERS EACH WEEK Last Week's Aioard Winners: Don Wytant, Don Miltenberger, Danny Balduzt, Art Sguoyo, Francis McVey, Jimmit Hubbord, end Rog*r Lynn TOY SHOP TOY SHOP IOY SHOP KWettCongrew 25 N. Stone Soiithgate Center bolder thinking in the Western · alliance and offered a five-point j "grand strategy for peace." i Stevenson's strongly - worded ! speech was greeted by much clap] ping, whistling *"d hoarse shouts | of "carry on." This same convention earlier had endorsed Ken' nedy's candidacy for the Demo- j cratic nomination. I Stevenson has made no open i efforts to get the nomination, but j has indicated he would accept a I draft. And his recent speeches, ! angled at the Eisenhower admin! istration's handling of foreign af- i fairs, have seemed to many to be ! those of a serious candidate. ! In the Republican camp, word i came from Cooperstown, N. Y., j yesterday that Gov. Nelson A. Rockefeller is almost certain to head New York's 96-member delegation to the Republican convention next month. Rockefeller said previously he would not go unless he was as- lured he wouldn't be pressured to accept second place on the ticket behind Vice President Richard M. Nixon. Yesterday at Cooperstown Rockefeller would not confirm that ternational control top priority; ; demonstrate the effectiveness of freedom in America by meeting needs in schooling, research, j health, housing. i Kennedy's visit with Gov. Wil- i Jiams at Mackinac Island was j viewed as a bid for Michigan's 51 t convention votes, now pledged to, Williams as * favorite son. There! was speculation that Kennedy j might wind up with the bloc in his i lap. j California's 81-vote delegation is I pledged to Gov. Brown. Kennedy! told a news conference in San Francisco he didn't know how many votes he might have among the delegates and didn't know whether Brown was in his corner, i In his dinner speech Kennedy listed five problems he said needed bold new Democratic programs: Automation, farm program, adequate control of arms, aid to underdeveloped nations, and the challenge of Russian communism. Symington again spoke out critically on the administration's handling of the events leading up to the summit collapse. "The recent tragedy of our summit effort symbolizes the whole flat and sterile record of this administration," he said. : In Alabama, virtually complete returns in the ttate primary showed that loyalist Democrats sworn to support the national parry; in the presidential election won | control of a majority of Ala- i bama's 11 electoral votes. \ Hualapai Livestock Auction Set June 16 PEACH SPRINGS-UPI ~The ; Hualapai Livestock Assn. willj sponsor a public auction of feeder j and fat Herefords here June 16. Eugene E. Ellison, agricultural extension agent for the Bureau of Indian Affairs at Valentine. *aid| the cattle will be sold by the j tribal organization. Auctioned will be 235 yearling steers, 60 yearling heifers, 92 dry cows, 35 pairs and 15 bulls. Conference Opens On Delinquency The Eighth Annual Conference on Juvenile Delin-i quency opened today at the Arizona State Industrial j School, Ft. Grant. i Educators, law enforcement officials, jurists, soci-| ologists and psychologists from throughout the state! gathered to discuss again thej age-oId puzzle of what makes j shepherd School for Girls in Phoe- . some youngsters go wrong, and j nix, will join a disoissioe of stay that way. j "Long Stay versus Short Stay" in Registration, a dinner and a j children's detention homes. Steve i tour of the school marked the Vukcevich, State Industrial School ' first day of sessions continuing ! superintendent, will also talk. through Sunday breakfast. i "Problems of Juvenile Court" Tomorrow morning, Tucson 1 will be aired 1^ judges from var- High School Principal Andy Tol-j' 0 " 5 P"?« * Arizona w,th Pima will conduct a panel » Bird In Hand BEVERLY. Mass. --!*- Nine-j year-old John Kausel Jr. climbed a tree to catch an owl--but the owl caught John. When the boy reached into the nest, the owl grabbed his hand and hung on. It took firefighters 20 minutes to free the boy. Unsuccessful in smoking the bird out, they played a hose on the nest and the owl released its son "Counseling for Schools, Problem Children" and Pima County Sheriff Waldon Burr wilt be the j moderator for one on "Crime Prevention and Treatment." Dr. Raymond Mulligan and Dr. Shaw Livermore of the University of Arizona will take part in an afternoon panel on "Community Responsibility in Crime Prevention." Tucson Police Sgt. William Dunn will be in- one on "Liquor and Narcotics Problems -- State and Local." On Friday, John McFarland, Pima County Juvenile Detention Home superintendent, and Mother 'Superior Euphrmsia of the Good the moderator. *»** » ing" session, while Miss Faye Hogan, Tucson police officer, and Mrs. Mona Davison, Tucson probation officer, will be included in the panel otT "Apprehension and Retraining of Female Juvenile Offenders." No Fruit Salad STOPPINGHAM, England--UPI --A magistrate ruled that a pudding made of cold pork cannot be sold as fruit salad! add warm water... and stir a minute ^·i-A^^jX "" % ^ pm gravy happens ~ crunchy chunks in beef-tasty gravy ?f^\V-v^ ^^V^;\:^i-^;; i^_s«*iS J s.\ia v i ^ a ^ , ^U?v v«,i,^ ,. world s mak nly dog f n gravy ight in the fACM CHUNK CONTAINS TMtSC 1« VALUA4U PftOTimtt Nothing to add for flavor: New Gravy Train has everything your dog loves -crunchy chunks, real heef flavor, and rich home-style gravy. Nothing to add for nourishment: New Gravy Train gives your dog a complete balance of vitamins, minerals, and 10 different proteins. Nothing to add but warm water... for the best balanced banquet in the wonaj e, tastes tike beef stew] CRAW TRAIN 'NEWIiV. *"'.....,,. 7////A HEMPHILL, NOYES Market Letter Basically modern transportation is currently achieved by four primary methods. First there was water, next rail, then air and finally the modern highway truck. The highway truck was the last of the four methods of transportation to emerge au a gigantic force in our economy. The growth of the trucking industry has been extremely strong since World War II. The reasons for this are many, but there appear to be four major reasons: first, me flexibility of the motor carrier, offering door-to-door service; second, the fact that industry has moved to suburbs and, consequently, has become less centralized; third, me imponderable factor, management; and, fourth, the rapid growth of the interstate and defense highway system. Tnat the motor carrier has become increasingly important to m« geographical diversification of industry is attested to by many accomplished facts. More and more plants and warehouse outlets are appearing in locations that can only be served by trucks. The modern plant built today is very seldom over five stories tall. Generally speaking, it is a one-story plant geared for an efficient, automated, assembly-lint operation. Employe parking, room for modernization and expansion, all emphasize the need for land adjacent to such »-plant to such an extent that paying city realty taxes and prices is out of the question. An increasing number of plants are constantly moving to the small towns and cities of our country, towns and cities mat would have never heretofore received any attention. These plants are afforded sound transportation of their end products by me motor carriers. An example is the growth of industry in the towns and cities along Route 128 in the Boston, Mass., area, not only attributable to lower realty taxes offered the companies which built plants strategically oh this major motor artery, but to the fact that those companies located on this route are afforded quick and efficient over-the-road transportation by the motor carrier who is readily accessible to them. There is no question that the availability of reliable and efficient transportation by truck using this modern highway'was a major factor in the rapid growth of the area. Factory growth/in the southeastern part of the United States is another similar example of industry locating in a favorable trucking area. . Ryder Systems derives revenues about equally from truck leasing and common carrier operations. This factor not only offers a degree of safety through diversification, but, in our opinion, an .increased growth aspect. Another attractive commitment in the trucking industry is Cooper- Jarrett. At current levels, fte stock yields dose to 5 percent. Specter Freight is another attractive issue in the motor carrier industry. The stock at 13 is selling less than eight times 1959 earnings and yields 5.2 percent. At current prices, Spector is attractivt for income and capital gains. HEMPHILL, NOYES EMC. The Daily Investor By WILLIAM A. DOYsE Q. I am 40 years old. I have a $50,900 life insurance policy, about $2,500 in cash and 4,000 ·hares of Scudder, Stevens A Clark Common Stock Fund. All my dividends and capital-gain distributions will be reinvested in more shares of the fund. I am looking for growth in that investment. Am I right in expecting that the value of my investment will increase over the years? Or should I cash in the shares of the fund and buy individual stocks? In other words, am I being too conservative? A. You should realize that you are asking for an opinion. And it hag to be that you are not being "too" conservative. If you were, you would not have purchased ·hare* of this common stock fund. Th* aim of Scudder, Stevens ft Clark Common Stock Fund is "long-term growth of capital and income." The management of this fund invests your money and the money of nil the other shareholders in a diversified list of common stocks. Its objective is to buy stocks that will grow in value and dividend payout over the years. So far, it has done a good job. The results have been reflected in the shares of the fund. There's no reason to believe that it won't do well in the future. But, as should be pointed out, there's no guarantee that it will. However, your key question is whether or not you should stick with your shares of a mutual fund (with the diversification and professional management they provide) or switch tactics and try to invest in individual stocks on your own. That is one of the most frequent queries directed at this column. And it's one of the most difficult to answer. Each investor has to answer that question for himself. Some can do better investing on their own. Many others can't. The rate of growth of the nation's mutual funds indicates that the theory of diversification and professional management is becoming more popular all the time. Q. There are so many mutual funds, I am at a loss to pick the one best suited for me. Where can I get information about each one? A. The prospectus covering the offering of shares of each mutual fund carries all the information about that particular fund. Naturally, reading the prospectus of each fund would be quite a chore. There are various books th»t boil down a lot of the information. The standard reference book in the industry is "Investment Companies," put out «nmi-! ally by Arthur Wiesenberger ; Co. You'll find it in most libraries! and brokerage offices. j Q. Do all the companies whose stocks are listed on the New York Stock Exchange publish | financial reports every three j months? A. About JM per cent of the com- panics whose stocks are listed on the "Big Board" do just that Another 5 per cent publish statements every six months. The exchange's explanation for the other 1 per cent is that the earnings of I those companies "are dependent upon long-term contracts or upon the growth and sale of a crop in an annual cycle." Actually, the stock exchanges have been leaders in insisting that companies make information available to stockholders and the genral public. Mr. Doyle will answer mfy representative letteri «f general interest in his column. H« tarn** answer phow* Mother, Two Girls Injured By Bomb NASHVILLE, Tenn. - UH - A hand-delivered package exploded in the face of a suburban woman and her two daughters critically injuring the woman and knocking the children off the back porch. Mrs. Francis Binkley Titt and her two daughters, ages 8 and 10, were rushed to the hospital whert a spokesman said Mrs. Tate wu in "very critical" condition. "Her hands are gone. She'i ju»t completely blown up," the spokesman said. Police said the two girls wert "cut up awful bad." The hospital listed them in fair condition. Another child, an infant, was not hurt. Police were at a Joss to explain why the family, which lived in suburban Inglewood, was singled out for what appeared to be a bomb attack. "Somebody came up to the back door and handed the package to them," said a Madison-Inglewood police officer. "Evidently it wai someone who knew them." "The people opened it and It blew up," said Police Lt. Jack Dewitt. He said the woman took tht brunt of the explosion which blew off the back An explosion that rocked th« home of Negro City Councilman Z. Alexander Looby on Apr. 19 during the course of lunchcounter protests here was the city's mird unsolved bombing in three year*. Previous explosions had rocked Hattie Cotton School in 1957 and a Jewish center in 1958. Mrs. Tate and her two daughters are white and police said ftey did not believe the bombing today had anything to with racial issues. Rocks Cause To Bolt Want Ad lakers CHANDLER-UPI-Nine sheep were stunned, then scared enough to scatter yesterday when a load of rocks tumbled from a careening truck onto the vehicle that carried the animals. The sheep were in · pickup truck parked at the junction of State Routes 87 and 93. James B. Fellers. 31. of Glen- dak said he swerved his truck- trailer to avoid a car, thereby spilling the rocks on a truck containing the sheep. Arizona Highway Patrolman Lea Villalpondo said the sheep at first appeared staimed then jumped otrt Ph MA 2 5855 I Th« car wax driven by Mrs. Berolah Orel, 44. of CarlshM V M I Mrs. Die! and her twsbawJ, Fteyd, j suffered itanttr eats in the «*· JTiswn wMh ft* track. Eftow Mc- j Jtttfcm, 43, of PlnoBmx, ^fjo ·# | nr the frock, ttse wrier)*! «if»«r

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