The Herald-Palladium from Benton Harbor, Michigan • 13

WEDNESDAY, DECEMBER 30, 1959 THE NEWS PALLADIUM, BENTON HARBORV MICH. SECTION TWO PAGE FIVE of from U.S WlAIHlk iURfAO NEWS OF THE MARICETS WatchNight Is Planned Sees Labor Troubles During '60 Finnegan Predicts Another Bad Year Neic York Stocks Noon Prices Aa footed by WM. CL RONR CO- tU ITOELITT BLDQ. B. H.

mt Tel St Tel 384 Johns Man 47 Kelsey Hay 46 i 1 Vim vjrV In. I Pijjvr Sixw Low Ytmpvreturot Inputted" Today's WeatHer NEW YORK Sriow flurries will persist tonight in New England, portions of the Ohio valley and in the Great Lakes area. Light snow is forecast for the central Appalachians, parts of the middle Mississippi valley and the northern Plains while showers are expected in the Pacific northwest. It will be colder in the Pacific northwest and in most of the nation east of fne Rockies with the exception of Texas. (AP Wirephoto Map) Allied CH 114 Am Can'.

42 Am Motors 80 Am Rad Am Tel Tel 78H Armour Co 34 Bait Oh 394 BeUi Steel 54 Borden 874. Budd Co 26 Burroughs 35 Calum St 23 Can Dry 20 Cdn Pac 24 Case. JI 21 Ches Oh 68 Chrysler 674 Cities Svc 48 Comw Ed 57 Cont Can 45 Curtis Pub 11 Det Edis 424 Dow Chem 87 Du Pont .......283 East Kod 107 El Auto 54i Erie RR Ford Mot 89 Freegt sul 26 Gen Elec 96 Gen Fds 1044 Gen Motors 54, Gillette 664 864 Goodyear 46 Gt No Ry 49 Hammer Pap 33 Homestk 424 111 Cent 454 Inland 6tl 464 Insplr Cop 404 Interlak Jr 284 Int Bus Mch .440 Int Harv 48 Int Nick 109 Have Fun, But Be Ready To Pay More Taxes In 1960 Listed Securities Local (Supplied Bi Berrien Securities, Inc. 219 Eut Main) -Noon market furnished by BERRIEN SECURITIES. INC.

Bendlx Corp 71 Bonn Alum 26-264 Hammermill Paper 33 Clark Equlpt 924 Kawneer 154 National Std 374 Standard Coll 154 Whirlpool 344 Yale St Towne 35-354 Overcomes Three Severe Handicaps "BRIDGMAN, Dec. 30 Watch night exercises will be observed at the Bridgman Congregational church tomorrow, beginning at 9 jj. m. Like' previous years, the evening will be divided Into two periods, the social and the devotional. During the devotional period, there will be the observance of the Lord's Supper.

This will take place shortly before the midnight hour. Helping the Rev. Frederick Williams, pastor, with the ar-. rangements for the program are Kenneth Ackerman and Robert Members of the young -people's group are to participate in the reading of the scripture and the offering of tha prayer. There will also be several musical selections.

During the social period, refreshments will be served by tht ladies of the church. BASKETBALL FAN Says Towed Away Car, Damaged A Covert basketball fan reported to St. Joseph police Tuesday that her 1958 model car had been damaged when police ordered it moved by a wrecker. Police said the car was blocking the door to the ambulance garage of the Dey Brothers funeral home. Shirley Woodhouse had been attending the Covert-St.

John's basketball game. Police said her car was one of several parked in the alley between Church and Wayne street. An announcement was madj at the ball game telling persons that the cars would be towed away if not moved. The Wood-house car was the only one not1 moved, police 6aid. After paying a parking ticket at the department, police released the oar to her.

She went to yie service station to retrieve her car. The chrome strip at the front of the left front door was reported bent Inward. Yore said opening the door would have ripped the strip off the car. There was no estimate of the damage. The rear license plate had also been carefully removed and placed in the car's front seat, said police.

Summer Cottage Is Broken Into UNION PIER, State poTIce reported today that the summer cottage of a Chicago man on US-12 was broken Into sometime in the last five days. The burglar broke a window to get Into the summer home of Henry Kay. The burglar rummaged through a number of rooms, but police were not able to say if anything had been taken. Crocuses.Blooni BERRIEN SPRINGS Earl Stover, 817 North Cass street. Berrien Springs, saw crocuses.

In blossom at his home Sunday. GXESTS AT LUDINOTON GANGES Mr. and Mrs. Harold Bartholomew were Christmas weekend guests in the home of Mrs? Bartholomew's mother, Mrs. F.

Oeborn, in Ludington. into DANGER ACTION INTRIGUE 323 change over all the machines." Here's a rundown on the new taxes and how they -will hit the average consumer: Hard liquor The excise tax was doubled, from four to eight per cent. Bar policies on liquor by the glass are expected to vary from' holding the line In many cases to charging five cents extra for premium brands or changing from a full ounce shot glass to seventh eighths of an ounce? Beer the tax on a 32 gallon barrel of beer was doubled from $1.25 to $2.50. UP A DIME A CASE Bars are expected to hold the line on beer by the glass. The tax increase will be about half a cent on a 12 ounce bottle and a little over a dime on a case of 24 bottles.

Cigarettes the state tax will go up from five to six cents a pack. Expect to pay a penny more when buying by the pack, a dime more by the carton and 32 cents from vending machines. Telephone calls and telegraph messages a three per cent levy has been added to telephone calls and telegrams within Michigan. This would add three cents added on a $1 phone call or wire. It will be added to the bill by the tel-ephene company or telegraph of fice.

There is no plan to collect extent on pay telephone calls. Ike Working On State Of Union Speech AUGUSTA, Ga. (AP) President Eisenhower will be working with words today, smoothing out his State of the Union message to Congress. He also will beshooting a round of golf if the weather holds. Congress starts a new session Jan.

6 and the message, in the usual run of events, would be presented by the President in person a day or two after that. The message sketches the administration' program for the year ahead. Oils Lead' Rally On Wall Street NEW YORK. (AP) The long-neglected oils continued to set the pace as the stock market mounted a yearend rally early this afternoon. Trading was the most vigorous of the week as key stocks advanced from fractions to a point or more on a broad front.

The -aircraft-, also well below their highs of the year, participated with the oils as they rose in response to demand from the big portfolios. The "oversold" oils have been recommended for some time as likely prospects for a rise in 1960. Motors also were fairly strong but steels were wobblv the la. bor situation continued to remain at an Impasse. Most of the electronics moved Upward moderately in active dealings although a few faded as profits were taken on big 1959 gains.

The Associated Press average of 60 stocks at noon was up 80 cents to $229.40 with the industrials up $1.10. the rails up 70 cents and the utilities up 20 cents. Corporate bonds advanced fractionally. U.W. goverment bonds were mixed.

Small Car Production Will Soar DETROIT (AP) An estimated 515,500 compact cars will be built in the United States In the first quarter of 1960. Ward's Automotive Reports said Tuesday production schedules call for an increase of more than compact cars over the final quarter of 1959. The production figures Include 13,000 Comets, first of the new luxury compacts. The Comet will be marketed by Mercury starting In the early spring. The trade paper said Rambler has scheduled 131,000 units: Ford's Falcon Chevrolet's Cor-vair Chrysler's Valiant 80,500, and Studebaker Packard's Lark 58,000.

FINAL QUARTER In the last quarter of this year compact car production totaled 314,000 units of which 114.000 were Ramblers and 92.000 Falcons. The compact cars account for about 23 per cent of the record total production of 2,240,800 units planned for the first quarter of the new year. Plymouth Tuesday claimed third place' in auto sales for 1959 after trailing much of the year. General Manager Harry Cbesebrough said sales through Dec. 20 touted 384.040 units.

Official statistics so far are available only through October. In 1959 sales, Ford appears to have taken first place ahead of Chevrolet, which was another vic tim of the steel shortage. Local Grain Price Quotations BUCHANAN Grain and feed price quotations today by Buchanan Coop: No. 1 yellow soybeans, $1.97 up lc No. 3 white wheat or better, $1.87 up lc.

No. 2 red wheat or better, $1.87 up lc. No. 2 white oats, $.75 steady. No.

2 rye, $1.05 steady. No. 2 new crop barley, $.80 steady. No. 2 yellow ear corn, three day delivery, $1.00 up lc.

No. 2 yellow shelled corn, three day delivery, $1.03 steady. EDWARD SBURO Grain and feed price quotations today by Wendt Grain Edwardsburg: No. 1 yellow soybeans, $1.97 up 2c. No.

2 red wheat, $1.83 up lc No. 2 oats, $.72 steady. No 2 rye, $.95 steady. No. 2 yellow corn, $6 up lc No.

3 barley, steady. LIVESTOCK CHICAGO (AP) (USDA) Readers Ask Shulsky For Lists Of Convertible Issues By NORMAN WALKER WASHINGTON (AP) The government's top labor relations troubleshooter today forecast continued strife in his field in 1960. director Joseph F. Finnegan of the Federal Mediation and Conciliation Service said he ex pects plenty of labor-manager ment grief in the new year. "There is no sign of allevia tion in the tough attitude that marked labor negotiations during most of 1959," Finnegan told reporters.

'Prophecy is a dangerous business and I certainly hope I'm wrong, but I'm gearing up for a very strenuous bargaining year in I960," Finnegan said he could foresee no letup in the attitude of tough resistance by labor and manage ment to each other's demands. The mediation service chief said his agency's case load of employer-union feuds increased nearly 20 per cent during 1959 He said the cases were usually much tougher to settle, too, so that as a result the work load nearly doubled. Many federal mediators were so busy they had to pass up regular vacations. STRIKE STATISTICS Finnegan's gloomy 1960 appraisal came as the Labor Department released 1959 data showing strike idleness worse by far than in any year since 1946. A total of 68 million man days of work time was lost due to strikes nearly triple the 1958 to-ta lof 23,900,000 lost man days.

Howevej, the 116-day steel strike accounted for about three-fifths of all the last work time in 1959. Secretary of Labor James P. Mitchell said that if the steel strike is excluded from the figures the year 1959 was one of low strike frequency. The steel labor deadlock meanwhile is continuing with the possibility of a renewed strike in late January when the current Taft-Hartley law injunction expires. A presidential fact finding board completed two days of hearing yesterday, and no mediation or other govern' mental settlement moves are go ing ahead.

Strike threats also are looming in 1960 in the aircraft, railroad and electrical manufacturing In us tries among others. In another statement. Labor Secretary Mitchell said next year should lead to new record levels of employment, production and income along with the highest living standards in history. He appealed for more labor-man agement cooperation and mod' eration. Atom Plant Proposed Would Be Built Near Charlevoix WASHINGTON (AP) Con sumers Power Co.

of Jackson, and General Electric Co. have proposed construction of a nuclear power plant in Michigan at Big Rock Point between Charlevoix and Petoskey on Lake Michigan. John A. McCone, chairman of the Atomic Energy Commission said Tuesday the proposal submit ted by the companies calls for a 50,000 electrical kilowatt plant with a boiling water reactor. The commission would support necessary research and develop ment up to an agreed amount arid would waive fuel use charges up to an agreement amount.

The research and development would, be performed by General Electric and Consumers Power under separate contracts with the commission. Consumers Power would pay alt costs of plant construction and operation. The company estimates that tbe capital cost of the project. Including site and site preparation, would be more than 27 million dollars. Nine Held By Cubans HAVANA (AP) Cuban authorities are reported holding nine men.

including two North Americans, picked up after they landed in three Venezuelan planes at the provincial capital of Camaguey The Havana radio station VOZ said the nine were rounded up on suspicion of conspiracy against Fidel Castro's regime. The report said the planes belonged to a Venezuelan airline and four of the men. were Venezuelans. Nationality of the other, three was not specified. Military police headquarters in Camaguey confirmed that several airmen were being held for questioning but would give no details.

The broadcast said both North Americans and five of the other men gave Miami addresses. Military agents for Fidel Castro announced earlier yesterday that they had arrested 42 persons In the. Havana area for three separate plots against the government. The gents said the separate groups planned- to seize a Navy arsenal, set up an "anti-Community army" and launch a terrorist campaign. Kennecott 94 Kimb Clk Kresge, SS Kroger LOF Glass Ligg St My Mack Trk Meao! Cp Ch 69 31 324 694 89 494 464 544 Mont Ward 53 Mot Prod '24 Mot Wheel 23 Murray Co 27 Nash Cash 644 Nat Dairy TTt.

474 NY Central 28 Nor Pac 46 Parke Da 46 Penney, JO Pa RR 154 Phelps 554 Phill Pet 47 Pure Oil 37 RCA 694 Repub Stl 744 Sears Roeb 494 Shell Oil 824 Sinclair 51 Soeony 40 Sou Pac 234 Sou Ry 52 Sperry Rd 254 Std Brand 36 Std Oil Cal 48 44 .49 854 146 304 624 98 Std OH Ind 8td Oil Texas Co Un Carbide Un Pac US Rub US Steel West Un Tel 504 Woolworth 66 Zenith Rad 114 Day strom 39 Noon market furnished by BERRIEN SECURITIES, INC. B. H. Malleable 5-54 Buchanan Steel 5-6 I St Elec 80-85 Mich. Oaa Utii 25-26 North Ind.

PSC 504-514 Tyler Refrlg 164-174 Kalamazoo Vegetable Parch. Paper Co 39-42 ternational Minerals Chemicals, Smith-Carona. M. Lorn-stein, Canadian Pacific, Pan American Airways, General Acceptance, Rohr Aircraft. Olin Mathieson, Champion Paper, Consolidated Electrodynamics, Sinclair Oil, Consolidated Edison, El Paso Natural Gas, Wheel ing Steel, National Cylinder, KLM.

Convertible prefereds come behind the debentures, but are also an excellent investment medium for those who want the safety of a preferred share but are still young enough to fear inflation and. therefore, want a call on common stock. Preferred stock is most often perpetual, so that the holder has a perpetual call on the common. (In Debentures, the conversion right is limited by the maturity of the bond or by some arbitrary date.) Here are some convertible pre-f erreds. They should be discussed with a broker to see whether they fit Into your particular picture: Anderson-Prichard Oil, Bridgeport Brass, Carrier, Cela-nese El Paso Natural Gas, National Distillers, Sunray Mid-Continent Oil, United Aircraft, Term.

Gas Transmission, Ash-lyand Oil, Chesapeake St Ohio, P. R. Mallory, Robertshaw Fulton, Public Service Electric St Gas. This column is not a recom- rmendation to rush out and buy. Youll never find such a column here, because I've felt a solid Investment had to be bought on a minute 's notice.

But" it Is an attempt to set forth some of the issues which have brought a lot of mail in recent weeks. (Mr. Shulsky will answer questions of general interest in his column. If you desire lists of suggested Investments, write Sam Shulsky, King Features 235 East 45th Street, New York, N.Y., and enclose a stamped, self -addressed- envelope.) BUTTEA and EGGS rVanCAGO (AP) Chicaeo Mer cantile Exchange Butter easy; receipts wholesale buying prices unchanged to lower; 93 score AA 58; 92 A 58: 90 57V: 89 56; ears 90 57; 89 57Y4. Eggs weak; receipts wholesale buying prices unchanged to 14 lower; 65 per cent or better grade A whites 284: mixed mediums 264; standards 26; dirties 224; checks 21.

Shoppers Mall Idea Scrapped EVANSVTLLE, Ind. (AP) City workers today began tearing down the Main Street Mall, a downtown shopping experiment that lasted only three months under protest of local merchants. The administration of Mayor William Davidson built the mall and kept all auto traffic out, but store owners said their trade dropped off sharply. Similar malls for shoppers were built In Toledo, Ohio, and Kalamazoo, Mich. Planners said the projects encourage business by relieving traffic congestion and making the store more attractive Map an additional 49 million dollars during the next 18 months.

The State Revenue Department is sending out reminders to the some 70,000 retailers who sell cigarettes. The State Liquor Control Commission is doing the same to some 24,000 establishments licensed to sell beer and hard liquor. HOW TO BEAT IT As soon as there is a new tax, someone tries to figure out a way to get around' it. "There's a possibility that bootlegging could become more of a problem, admitted George J. Burke, business manager of the liquor commission.

"There also probably will be more traffic in legal whiskey coming in from other Mike Spagnuolo, executive secretary of the Michigan Tobacco and Candy Distributors declared the added tobacco tax will create a multitude of problems. VENDOR PROBLEMS "The machine vendors, for Instance," he explained, "wants to up the price only a penny to 31 cents. But It costs a penny to put the change inside the cellophane pack. So they'll probably charge 32 cents and return three cents change out of 33. They also have to House Shot Up, Wrecked Berrien sMerlff 's officers are Investigating a break-in and malicious destruction of property discovered yesterday at Bluffwood farm on US-12 across the highway from Schuler's restaurant.

Deputies' said about 50 window panes were blasted at the lake-shore home by BB shot from both the inside and outside. Chair cushions were slashed, light bulbs and neon lights smashed, a skylight knocked in and pictures on the walls torn down and defaced. The building was entered sometime in the past three days through-a side window, according to deputies. The break-in was discovered yesterday by Saheg Sarkisian, 100 Lakeshore drive, owner of the house. No immediate estimate of the damage was Report $129 Purse Theft A purse and contents, valued at $129, were reported stolen from a car here Tuesday evening, according io Benton Harbor police.

Frits Hassle, of the Auto Electric service, 288 Colfax avenue, told police his wife parked the' family car beside the building on Boughton street at about 6 p.m. She left her purse and a bag of groceries in the car and went into the garage to get her husband. When Mrs. Hassle returned to the car, her purse was gone. The contents included $48 in' cash, a compact, two cigarette lighters, leather billfold and, a pearl rosary.

HEAT TOONS "My wife win kill me if I don't phone for fuel oil from METROPOLITAN OIL right away, so in this next roand hit him' on the head with the bucket:" (iiBTROPOUTAN OIL CO. CALL WA 6-8114 Nuisance Pack Starts Jan. 1 To Raise Funds LANSING (AP) Not to put a damper on your celebration, but don't forget the new taxes come in with the first day of the new year. The state will start collecting on its package of so called nuisance taxes. These are the levies on beer and hard liquor, tobacco products, telephone calls and telegrams the state hopes will raise 1 SOUTH HAVEN Sgt.

Roper To Lead '60 Police Lodge SGT. FRED ROPER, JR. SOUTH HAVEN Sgt. Fred Roper, of South Haven, was elected president of the Fraternal Order of Police, Arthur Leitz Lodge 119, for the coming year at a monthly meeting here Monday Eighteen members of the Van Buren county chapter heard plans discussed for their annual banquet set for Tuesday, Jan. 19, at the Elks Temple in South Haven.e Inyitalons will be extended to regular and associate members and guests.

Other officers elected were: Undersheriff Richard Stump, of Decatur, vlce-p resident; Frank Antonson, of South Haven, secretary-treasurer, and Michael Mirabella, sheriff's department, of Breedsville, guard. New trustees elected are Police Chief Richard Irons, of Lawton, and Frank Terrell, deputy sheriff of Paw Paw. GIVE OUT AWARDS Mirabella was awarded a tie clasp with the FOP. insignia in appreciation, for his services to the lodge during the past year. Edward.

Bierhalter, of South received a past president's pin for his term in Terrell is the retiring president. In other business, the lodge members voted to change the meeting date on Monday to the last Tuesday In the month. The committee in charge of arrangements for the banquet includes Roper, Antonson, Bierhalter and James Diebold, also of South Haven. Shooting Leaves Six Orphans ROYAL OAK (AP) Mrs. Er-ma Stacy, 40, died in a hospital Tuesday of bullet wounds inflicted Monday by her husband at their home in suburban Hazel Park.

She was the mother of six children. Tbe husband, Morgan Stacy, 41, killed himself with the same gun. He was- an assembler at Burroughs corp. Judge Sworn In MUNISING (AP George S. Baldwin of Munising has been sworn In as judge of the 11th Ju dicial Circuit, which includes Alger, Schoolcraft, Luce and Chippewa Counties.

He succeeds Judge Richard W. Nebel. who is retiring after serving since 1353. GU ir(aXS90COvu Follow these men By SAM SHULSKT Author. "Stock Buying Guide" and "Inretting for Retirement" Frequent mention here of convertible issues has brought a steady flow of requests for lists of such securities.

Unfortunately, I don't have any. One reason ithat I feel the attractiveness of a convertible debenture, for example, to the general investor depends in great measure on its current price level, which, of course, Influences its yield and is directly related to Its conversion feature. A convertible debenture which is attractive as a relatively safe investment when selling at a discount from par, becomes extremely more, speculative as it rises in price and conversion level. To buy the bond then would be pretty much the same as buying the common stock. Company A's convertible debenture, paying $50 a year, and convertible into common stock at $40 a share is a far different security when the stock is selling at $30 than when it is selling at $50.

In addition, there are various technicalities which the layman may not have at his fingertips maturity, call dates, changes in conversion levels, etc. CITES EXAMPLES However, if the reader will promise to get a reputable broker's advice before making any' purchase, here are a few ex-amples-as of now of the type of convertible debentures I have in mind: Atlantic Refining. Baltimore St Ohio, Burroughs, Boeing, Carrier, Douglas Aircraft, Chance Vought, Dresser Industries, In- LOCAL FORECAST (By U. S. Weather Bureau at Chicago for this area of the Michigan fruit belt) By THE ASSOCIATED PRESS Southeast and southwest Lower Michigan Mostly cloudy with occasional snow flurries today.

Partly cloudy tonight and Thursday. A few snow flurries and a little colder tonight. Winds west to northwest It 15 m.p J. today, diminishing tonight. High today 25-29.

low tonight 15 20, high Thursday 27-32. Outlook for Friday Partly to mostly cloudy with little temperature change and chance of occasional light snow in west upper Michigan and elsewhere by Friday night. Highest temperature Tuesday 31. low 25. Highest temperature this date a year ago 34, low 20.

Highest temperature this date since 1872. 59 in 1884. low -10 In 1880. The sun sets today at 5:08 pjtn. and rises Thursday at 8:01 ajn.

Tbe moon sets today at 6:38 pjn. and rises Thursday at 1:15 ajn. High Low Alpena 22 19 Grand Rapids 31 20 Houghton 27 19 Traverse City 26 16 DETROIT AP) Tbe five-day weather forecast: Temperatures will average near normal. Normal high 34, normal low 20. Only minor day to day temperature changes.

Precipitation will average one quarter to three quarters of an Inch mostly as snow over the weekend. 1 fit Hogs butchers 50 to 75 lower; most grades 2-3 190-220 lb butchers 11.75 12.25: mixed 1-2 and 2s 190-215 lbs 12.25-12.75 66 head mostly Is 215 lb 13.00; mixed 2-3 and Is, 2s and 3s 220-230 lbs 11.50-12.25; mixed 2-3 230-250 lbs 11.25-1L75; mixed 2-3 and 3s 250-280 lbs 1030-1125; 3s 230-300 lbs 10.00 19.75;. mixed grade 1-3 340-400 lb sows 9.0-1. mixed 2-3 400-550 lbs 8.50-9.25. Cattle calves 100; slaughter steers steady to 50 higher; load lots prime lb steers 2730 28.00: most mixed choice and prime 2630-2730; most choice 24.25-26.50; mixed good and choice lbs 23.75-2425; utility to standard HolsteiD 18.00- 1930; high choice and mixed choice and prime heifers bulk good to choice 22.25-2530; utility and commercial cows 15.00-1730; canners and cutters 1330-1630; utility and commercial bulls 20.00-22.00; stand- ard and good vealers 22 a few choice to 30.00; culls down to 10.00.

Sheep slaughter lambs steady to strong; several loads and decks good and choice 78-113 lb vooled lambs lots good and choice wooled native lambs 17.00-1830; load of good and choice 114 lb shorn fed lambs with No. 1 and faO shorn pelts 17.00; mixed grade cull to 'jboice slaughter' ewes 4.00-5.00. DIRECT FROM POLICE FILES OF A TEEMING PORT CITY 9:30 P.M.-YVednesday WGN-TV Channel 9 DROUGHT TO YOU BY Big XP..