Independent from Long Beach, California • 2

rrrz Pg A2 INDEPENDENT CaM Tm Jm ini PEOPLE INf.TIIE NEWS f- L.A.C. Allies War Wizard Alanbrooke Dies But, at 10:40, Moore held the' newest arrival in his arms while he called the police for assistance and reassurance. Mother and offspring were doing fine Mondi Not as Many tocks setting uo an insurance rfp' GOODBYE MONEY PROBLEMS IN GETTING NEW DENTURES Fewer new stock issues were offered to the public in-1962 than in any of the previous 10 years. This is due lo the fact that corporations are making more money that can be used for pew plants and machinery. In the pust it was necessary to go to the public with additional slock issues to -get the necessary cash for expansion.

Afs ROW MUGS MONET? Mr an sloi ptos mIM fluwa, anl prim Tot ckaan. ClEOIT: Work stated laaa4itety chockp. Hf was us cast Mo Nmrco met tort. JFTElWMBSi BoMm tfodmaS yoa aitfe NO DOWN 45 aftomra. Inf b' 1 The Wall Street Journal reports that in 1962 new stock issues amounted to $600 million.

By contrast the preceding five year average was $2,200 million per year. This means that there are fewer stocks for in-vestors to buy. In effect the shares they own are more valuable because profits will be distributed among fewer shares. On the othec hand the number of people buying stocks has increased by almost one third during this period. More people are bidding for stocks when fewer new.

stocks are being issued. 6 One reason for the corporations having ample money on hand is the new depredation allowances allowed them for income tax deductions. These allow- ances, plus retained profits after taxes and dividends, past periodthis cash flow-- 1 M. THE PHONE yew; saving Hi 6-07J MOTU cause ms NFFKUU CASS JOHN MOORE DADDY Father's Day had a special meaning for. John Moore, 25, a roofer.

He delivered his own daughter. Moore, aiid his wife, Syl-via, 31, have three other children, all born with benefit of expert attendance. But fourth, a girl named Luriean, so fast 1 really shook me up," Moore said. MrarMooi es-yuborpiai ovoe TSWWd sund. 0 HERE HOW I THEM for YOU welcome () 0 OW Mpb Mint Yas ms Man 2 GETTING Mon endtt compay.

Ns 1 PAYING aaloi mi Rnt mwW Ml 0W Pensioners ra iv LONG 'Mrfnktorus'lta ft Cdmpbajj. Paulis BEACH-446 PINE.AVE. 1 (CWWiM ITMI vrlra SOTftNB) FicldMarshatVli Alanbrooke, 79, Britain' wartime chief of the Im perial General Staff and one of the architects of Allied victory, died in London Monday of a heart attack. Alanbrooke, known as Brookie" to such, wartime leaders as Sir Winston Churchill and Gen. Dwight (lied Just before he was to have gone to Windsor for a special ceremony with Queen Elizabeth and Prince Philip.

Alanbrooke never won the fame that came to some of his subordinates such as Field Marshal Bernard Montgomery (now Viscount Montgomery) but Gen. George C. Marshall credited him with planning the nation's grand- strategy with Churchill. He served as Imperial General Staff chief from 1941 to 1946. taking over the -armed forces in what Churchill man bird watchlhg.

but-be tod a reputation fqr knowing how to wield power. He once called Gen. Douglas MacArthur perhaps the best general of World War IL And in his memoirs' he rapped Eisenhower for play-! ing golf at Rheims, France, during a crucial period of the war. But unlike Montgomery, he remained a fast friend of Eisenhower. Alunbrookes colleagues called him Wizard." InL the days when most young officers gloried in their horse cavalry, Alanbrooke became an expert on mechanical war, an expert in the tank -and -terror technique of blitz warfare.

U.N, Observers Fly to Troubled Yemen HTtaM' fka-cteeeri AN Day 5fc agency to which Ardens business was diverted. Holts son, former Con-. gressman Joe Holt, owned majority stock- in -the Insurance firm, it was alleged. SUFFERING Irish playwright Brendan Behan was admitted to New York University Medical Center Monday suffering from a liver disorder. Doctors -would, not disclose the exact nature or seriousness until completion of tests.

With his wife, Beatrice, at his side, Behan was rushed to the hospital by ambulance at midnight and admitted to. the intensive care unit for patients who require special nursing on ra 24-hour basis. His. wife was asked, if the 40-year-old poet, noted for his bchits with the bottle, had been drinking a causes the I mean," his -condition is caused by EXPERT A nationally known child birth authority and three other persons went on trial Monday, on charges stem- -ming from an abortion on a. pretty Santa Monica secretary.

Selection of a jury began in Santa Monica Superior Judge Orlando Rhodes' court in the trial of Dr. Abraham. R. Abaiba-neH, 50, a Beverly Hills obstetrician, and Ms co-defendants. whose studies' on human fertility and sterility have achieved national recognition, was indicted by the County Grand Jury on a charge performing an abortion tai Sept 23 on Diane Mir' 21, at Ms office.

4- SALE! VISCOUNT ALANBROOKE I SLEEPING Former President Herbert Hoover, 88, reported slightly, improved Monday but sUty in 'Very serious' condition from anemia and a stomach ailment The 31st President, confined to his suite in New York's Waldorf Towers, was sleeping most of the time, his physicians said in a medical rnCEffSF riajebonMiiidMguiic; 'she would wed Beverly Hills attorney Paul EPo- lena Saturday. The couple will be mar-ried by Justice of the Peace Arthur Miller at the home of Mis? Alberghetti's pep soiial manager. Pierre Cos-sette in Brentwood. CUARGES Ousted Arden Farms pres- -id mt J. Frank Holt was accused of improper use of company funds Monday as the battle for control of the TO million dollar -dairy products firms raged on.

Declarations filed in Los Angeles Superior Court ac- cused Holt, a co-founder of the firm, of using company funds to make loans to several He also Was charged with UPHOLSTERY 01 FREE DECORATOR PI Whfc lack Pim KiHm On the other hand the corporate expenditure for new plants and equipment in 1958 was $30.5 billion. This was $4 billion more than their caslrflow so they had to issue more stocks and bonds to' pay the differ- ence. By contrast their expenditures in 1962 were $37 billion, almost exactly equal to the cash flow, so it was not necessary to go to the public for new money. At the same time. fewer new.

slocks are being issued more investors have higher savings. The bank and other saving accounts are at all time highs. Confidence in stocks is also at a high level. This could mean higher prices for present stock issues arid higher dividends on these stocks. 2-PC.

SUITE Recovered As Low As 6) Co) OO A fine FREE! OCCASIONAL this WEEK OMIT CHAIR TERMS lachides Moferid aad Labor hot Pkfaip mod DtEwry UPHOLSTERED whb Pc. Sails Upholstered CALL fOt Ml tSTIMATl 6A 22-09(6 GA 3-5576 Ansa lpa caa. ts moo BERGENS INTERIORS "rr FACTORY SHOWROOM 5201 No. Long Beach Capital spending by corporations for plants and machinery is a major factor in the riations economy. It is estimated some 25 of all plant facilities are obsolete and must be replaced to keep up with growing public demand for goods! It is essential that the latest machinery and technologies.be used'to compete with low cost labor fronabroad.

This small number of new stocks being issued is evidence of economic health. Profits of corporations are at ai low point compared to sales. They are about half what they were five years ago. This is a danger sign that should not be minimized. But overall profits plus depreciation are covering their present needs.

TIL FJM. 0 0 0 0 0 OPSN MON. WED. FM. 0 0 You tori' AMMAN, Jordan Hi Seven U.N.

officers have flown 'from Jerusalem to establish a U.N. observation mission in Yemen under Gen. Carl von Horn of The mission Is to carry out an agreement between the United. Arab Republican Saudi' Arabia tq end their rival intervention in the little Arab country. -j- 'canf Ifeaf theseryPce! You cantbeat the Stocks are selling at about 19 times the annual earnings compared with a lO year average of about 16 times.

They were 24 times earnings before the 1961 market crash. These are important comparisons. Blit with the prospect of higher earnings and no substantial increase in stocks there is reason to believe lower ratios will prevail during the coming year. That could mean even higher prices for stocks now issued and INDEPENDENT Published daily except Sunday at, Sixth St. and Pine Ad Lena I Beach 12, Calif.

Entared ae aacena; cUm matter Mar. 27, IMS, at Long! Baach 2, Calif, Adjudicated by Superior Court, Loe Angelee County. Oct. 1S41. Decree No.

C-102S0. Meath Fit Year Carrier Delivery 12. SO By Mail 3 00 jS.00,' Singla Copy .10 held by investor's. But it is still sound advice to carefully evaluate the price compared with earnings. LA.G 0 nEl'J! 3 ECOnOMY COACH FLIGHTS DAILY! YOU.

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