The Sandusky Register from Sandusky, Ohio on September 2, 1959 · Page 7
Get access to this page with a Free Trial

The Sandusky Register from Sandusky, Ohio · Page 7

Sandusky, Ohio
Issue Date:
Wednesday, September 2, 1959
Page 7
Start Free Trial

SANDUSKY ftiaiSTIft W«<ln«M«y ItftttmMr 1, M» Time Of Year When Unusual Things Hit U.S. Stock Market By ELMER C. WALTER NEW YORK (UPi )-This is the flme of year when unusual things happen lo the stock market. And this is the kind of year When changes occur. It is a year of the nines. One, market expert recently pointed out that each year .ending in nine—back to 1889 —brought a turning point in the market. His studies showed bull market peaks came in 1899, 1909, 1929 and 1939. Now what about 1959? Looking back in the more recent decades, ,we find the market of 1929 made its peak in the first session of September — Sept. 3. After that date the list fell sharp- j ly until mid-1932 with billions lost, many lives ruined, and common stocks in complete disrepute. Ten years later we were emerging from the depression that started in 1929. And on Labor Day of 1939—Sept. 4-World War II started with Hitler's invasion of Poland. Thfil was one time the market registered a rise on a war. Ten years after that — Labor Day of 1949 — the market was emerging from a bear market that had brought industrials to 161.60. Sin :e hitting that level on June 13, 1949, the market rose in an almost straight line upward until Aug. 3 of this year when it hit ri78 .1D. more than 500 points over the 1949 low. It is difficult to forecast this cash stock market, say the experts. So far the list hasn't shown much of a sign of deterioration. There have been periods of mild jitters caused by high money and the Khrushchev visit. But nothing that is considered really serious. But this year could be the year of the big money squeeze that night give business a jolt and in turn affect stocks, it is held. Interest rates have risen in the last few days with the prime interest rate touching 5 per cent, against a recent rate of 4 1 -2 per cent. Arise is anticipated shortly in the discount rate. Demand for money is forcing rales higher just as demand ,for stocks or wheat causes these prices to rise at times. Current interest rates are not high by comparison with some other [/years. Back in 1929 call money commanded as much as 20 per cent and the prime rate was 6 per cent. This time call money isn't in great demand because the stock market practically is on a cash basis. The margin rate has been at 90 per cent since Oct. 16, 1938. Demand for money is seen in all sectors of the economy except call money which Is held down by the high margins. Demand for credit also is very high, notably consumer credit where the instal­ ment figure' has been rising steadily. All of these things are a sign of prosperity. There is no demand lending or credit in times of recession. High money rates reflect demand from companies borrowing on short term from banks' while waiting for the bond market to improve. Bankers hold that the rise in rates may bring more of business firms into the bond market for expansion and rehabilitation money and thus relieve the pressure for loans from banks. Some economists believe that the higher interest rates eventually will postpone .some corporation expansion plans. In that event the demand for money would lighten the pressure on banks too. OH, MY ACHING BACK Now ! You can fret the fast relief you neci from nawing hncknche, headache ant) muscular aches and pains that often cauai restless nights and miserable tircd-out feelings. When these discomforts come or with over-exertion or stress and strain —you want relief—want it fast! Another disturbance may be mild bladder irritation following wronK food and drink—often sct- tirur up a restless uncomfortable feeling. Drain's Tills work fast in i> separate Ways : 1. by speedy pnin-relirving action to ease torment of nagging- backache, headaches, musaular aches and pains. 2. by soothing effect on bladder irritation, a. hy mild diuretic action lending to increase output of'the 1.1 miles of kidney tubes. Knjoy a Bond night's sleep and the same happy relief millions have for over 60 years. New, large size saves money. Get Doan'g Pills today I Nurse Redesigns Hospital Trays LOS ANGELES (UPD-r-A registered nurse with a passion for efficiency and simplicity has redesigned treatment trays at Mount Sinai Hospital so well that her work has set a nationwide pattern. Mrs. Margaret Lee, who is in charge of the hospital's central supply department, began making changes as soon as she assumed her post. She had the trays remade of lighter materials and reorganized the layout of the various' medicines and equipment they carried. The trays, which must be ready at a moment's notice, are used by physicians and surgeons for examination, treatment, dressings and emergency cases. There are about 40 different tray setups, and they are of vital importance since a complete tray can save a minute or two — sometimes enough to save a life. Mrs. Lee also introduced a convenience which has become known as the cardiac cart. This contains everythinga doctor needs to handle an emergency heart case and it is always ready for use. The nurse's ideas have saved time, labor and materials. For example, she substituted disposable paper for linen on trays to cut time and cost by eliminating the Ineed for (washing and sterilization. Her ideas, described in medical journals, have been adopted by many other U.S. hospitals. ROBERTS JEWELERS HEARING AID CENTER Repairs and Bafferies for All tiemnq Aids Styling! Performance! You get superiority in both with the ^tgHjl^ NEW 1 -^"Challenger EYEGLASS HEARING AID!* • Lightweight ... no dandling cords! Plastic ttilre carries sound to earmold • Ideal for many people for use in both temple bars to give realista of stereophonic hearing. • Variety of colors! t 10-Day Money-Back Guarantee. A-mih, m.ikes a complete line of quality eyeglass hearing JK N -priced from only SI50' * You purchase lenses and frame at jour choice Irotti )aur OHH Eyeglass Specialist Call Your Zenith Hearing Aid Dealer far a Free Demonstration He s li&led in the "Yello.v Pages" -A DOCTOR REPORTS ON HEARING LOSS! Free Booklet — "Hearing Loss end the Fomily Doctor" tells no-» • • ww WWW*TVWV medial itience con help toneci a heonng lot*. Wcillen by a fomoui ph>s .>.'OT ond published by Zen.lh Rad.o Corporation — Ihn booklet, PIK '. descriptive Weioluia on Zenith Hearing Aids, is yours free Just .nit- ZerntU Radio Corporation. Hearing Aid D>v. 5801 Dickens Ave , Dept X 00 Chicago 39, III. :r,s£ SI#Tl ROBERTS JEWELERS "GRADUATE GEMOLOGIST 124 t. Market St. Sandusky, Ohio Kresq 6 S BACK TO SCHOOL VALUES CORNER STORE 202 Columbus Ave. DOLLAR STORE 240 Columbus Ave. FREE Space-Age PORTFOLIO Zipper Binders $J29 .$]W Canvas Binders 69* 2 or 3 rings Brief Cases 300-Sheet GIANT Pack Loose Leaf FILLER PAPER 79 JOhx8" 5 holes t LePage's II Mucilage 19<-29 5-Qz. Jar White Paste 29* 9 World Globe $198 with Every Purchase of SCHOOL SUPPLIES! Top quality — big quanti­ ties—low prices! Slated to save you money! PLUS a FREE PORTFOLIO for car- rying papers, notebooks, supplies — featuring inter­ planetary space charts. CORNER STORE Multiplier Pencil Box vvith 90 < sharpener L # PAPER MATE Ball Point Pen 98' TOPRITER Ball Pen 25 * School Bags 98<-*2 98 Pencil Sharpener Specie/ Price 97* Modern! Bargain Priced! Plastic Carryall 29' Pocket Dictionary 29< Vinyl Zipper Pencil Pouch 29 4"x8" BESS* Pencils 10 for 29* Eraser Tops 2-3 Hole Filler Paper 25*-49* SPECIAL sue Reg. 2" 16-pc. Set DINNERWARE 66 4 each: cops, saucers " plates, 5" fruits Woodland pattern Beautiful service for four I lixiremtly tine-quality dinnerware . . . remarkably smooth...made by Kresge's own porters to save you money! Choice of contemporary or traditional designs — tor every taste, every decor. Fine dinnerware needn't be expensive! CORNER STORE L00K« MALTED MILK BALLS Bag 43° Stock Up and Save Now On This Buy! CORNER STORE A wonderful collection of cozy togs for tiny people ... at Budget Prices. 1-pc. Sizes 2-4 OTHER SIZES AND STYLES TO DOLLAR STORE 10 98 MR' t-u rumum SHIRTS SCHOOL mwRt A super selection—to add sizable savings to your .school- clothing budget! Bright plaids, sporty prints, tailored in warm, fleecy cotton flannelette with the most favorite collar styles. Prcshruok for lasting fit. Save dollars on your scholars... at Kresge's! CHIN0 PANTS SCHOOL FiAWRB Reg. $}.29! Sale hit of the school season! Hefty, hardy corduroy ... for comfortable wear , . . easy care! Young man's styling with elastic sides. 1 M :It loops, bar-tacking at stress points. Charcoal, navy, brown. Sizes 4-12 Beys' Sturdy Polished-Cotton Pants, 6-16 ...... $1 .99 till 9:00 P.M. Boys' Frvit-of-Loom POLO SHIRTS 00 In ,i class by themselves! Fine-quality cotton; bright blazer and novelty stripes. Taped shouldcr-to-shoulder seams, crew necks. 4-12. DOLLAR STORE t Boys' Blazer Stripe SOCKS Snappy, happy colors! Special school savings! Nylon reinforced heels and toes insure plenty or > extra wear on sturdy cotton socks . . . now priced for school savings! Supply your son generously with fall tones trom navy, brown, grey, blue, green or maroon patterns. 6-IOV2. DOLLAR STORE EACH mtK WATCH FOR OUR BIG SOY SAVING! REG. 69c MIXEP Garden Tulips SAVE 20f dot. Large 11-12 cm. size mixed bulbs. Old favorites and newest varieties in ndi solids and striking 2-tone combinations. GIANT TULIP SPtCIAl Reg. 89t. Plant giant 13 tin. bulbs for a harvest ot extra-large blooms in gay 2-tones, bold solids. HYACINTH Bulb SPECIAL 98. Reg. 2 for 2)t. Long- lasting mixed Hyacinths with large spikes. l.a .Victoria and others. dot. NOVELTY and PEONY TULIPS I FLOWERING PARROT TULIPS Novelty Red limperor, Peony JF^* Late Flowering, Double-Early. GIANT CROCUS BULBS Reg. 89? doz. Mixed frmged I tulips in a myriad of colors. JUMBO-SIZE DAFFODILS First liowers oi spring. Choice I Reg. 2 for 25f. Spring Glory, of i colors for beds, borders. w^^«<- p Texas, others. Solidjwotoned FORMER SfO

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 8,600+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free