The Pocono Record from Stroudsburg, Pennsylvania • Page 9

THE DAILY RECORD, STROUDSBURG--EAST STROUDSBURG, PA. FRIDAY, DECEMBER 4. 1959 NINE Stock Market Quotations taralihed hj Kiwi rrwi and by Ctrl ff, ot N. JkTfDtb $troudibarii of the New 1'drt Stock Exchinte). KEW YORK (AP)-CKwlnB itocki: High Low Close ACT Industrial Inc.

4914 Adami Express Co. 27 Vi 27 Atr Reduction Co. Inc. 78 i Allrghny Corporation 13'-j 13'i Allegheny Ludlum stl -i Allltd Chemical 118 3 filled Corp. S8Vi 5iS MUi Mfg.

Aluminum Co. ol Am. 1054 1 American Airlines Inc. 35H 25 1 American Brake SO 1 American Cyanamld American Marti Fdy 40 American Motors Corp 63 American Smelting 50 i American Standard 15H 1414 American Tel Tel 78S THi Arntrican Tobacco Co. 1W-4 106V4 Viscose Corp.

47S hTi Anaconda Copper 63H 62'i 62 Armco Steel Company 73'i 74 Armour' Company 37i Armstrong Cork Co. 4 i i 4B 1 Atchlson T. S-FKwy "5'a -J AUanliC i i Co. 42S 41'i 41- Avco -Manufacturing 13'i Baldn-ln Lima Corp. 17 1CU 17 Baltimore Ohio RR 41S 4f)'i Bnyuk Cljfnr Incorp.

45 4fi tiriidK Aviation Corp. i "fi 17 Bethlehem steel Corp. rPi itorclen Comjiany Bore a Corp. Brunswifk-EaIke t'ollend Buckeye Line Co. Bucyrus Eric Co Budd Company Bulova Watch Company Burlington i a Trader Co.

Cclnnese Corp nl Am. Chesapeake Ohio Chrysler Corporation S-i'i Cities Sen-ice Company 4fi'-i Colgate Palmollvc Co. 5J) Columbia r.as system Commercial Solvents U'4 consolidated KiiiM.n 5P Container Corp. -fvi Continental Can Co. 4S 4 i Gontlnyital Motors Corp 1 10 1 Corn Products Co.

Crown Zellerbach Corp 4 Wright Corp. 32H Delaware A Hudson 28'4 Delaware Lack W. Douslas Aircraft Co. Jnc. 41 Bow Chemical Co.

de Neiiidurs "-A Eastman Kodak Co. i i 1 Endicott Johnson Corp. F.rle Railroad Company Flreslone TiroARuhber Ford Motor Company 73 Freeport Sulphur -n General Acceptnnci 1' General Clear Co. General Dynamics Corp. General Electric Co.

Pi General Foods Corp. General Motors C'orp- Gareral Public Utllllies General Tel Elec Corp. Glen Alden Goodrich tBE) o. ft Goodyear TAR Co. 13' Great Atlantic ft Pacific 3i Great Northern Ry Co.

'The Daily Investor' Treasury Discount Bills By William A. Doyle Q. When I recently bought some U.S. Treuury discount bllln, which will mature In July, 1060. I was Informed ttmt I will have a long-term capital gain If I hold these bills to maturity.

If this is so, what about series U.S. savings bonds which I have been holding for years? Will I have a Business Column Newberry's Employes Get Bonus TIIE EMPLOYES of J. J- Newberry's Slore, in keeping with a long established policy, were presented a "by manager John Wilson of the local store, it was disclosed yesterday. With almost 500 stores serving communities throughout the United States, Wilson said the lotal Christmas glfls to New- berry employes exceeded 000 this year. Manager Wilson said the amount each employe received varied, depending on the length of service, The manager also pointed nut the Newberry's has in force retirement plan paid for entire-- ly by the company up to the first 52,000 of earnings, and by an employe-company participa- tion plan on earnings exceeding! $2,000 a year for all eligible scM before a i the dif- employes.

In addition Ncw- 11 Greyhound Corporation '-OS .0 Oull Oil Corporation H-'i lu Herculei Powder Co. HoudalllB Industries 22S '11 Ullnoii Central RP. Co. -tt i 4A Internatlonnl Pus Mnrh. 442 IntemaUonaLHarv-ester Iniemsllonal Nickel 106 10J Inlernational Paper Co.

International Tel Tel 40U -J Circuit Breaker Inhns MHnvtlle Corp. Jonei A Laughlln Sleet 80'i Italser Alum i Chem. 49 Kennecott Copper Corp. P4 93 Company 31S Coal Nflv. Co.

liehlgh Portland Com. liehlgh Valley Industrial liehlgh VaJley Railroad tlbbey Owens Ford Ljbhy McNeil Ubby Myeri Tob. Incorporaled Lukeni si US Miisouri Pacific A Monterey Oil Cornpanr Montgomery Ward National Biscuit Co. National Dairy Prodi, National Distillers National Steel Co. Kowberry New York Central RR Niagara lloh Power Norta American Avli.

Northern Pacific Rwy. Northwest Alrllnei Inc. Ohio Oil Company Oliver Corporation Outboard Marine Owens Illinois Glass Pan American Air Paramount Pictures Pnrke-Davls Penney (JO Company Penna. Power Light Pennsylvania Railroad Philadelphia Electric Phillips Petroleum Co. Public Svc El Gas Co.

Publicker Industries Inc. PUIlman Incorporated Pure Oil Company Radio Corp. ol America p.aadlng Company Republic Steel Corp. Reynolds Metals Co. Reynolds Tobacco Robcrtshaw Fulton St.

Reels Paper Co. Scott Paper Sears. Roebuck A Co. Shell Oil Company Sinclair Oil Con'- a1 Pmlth (AO) Corp. J2 Sdcony.Mobil Oil Co, Inc.

40Ti Southern Pacific Co. Southern Railway Spcrry Rnnd Corp- fi Standard Brands Inc. Wi standard Oil CalHomin Standard Oil New Jersey 49'i Studebakcr Packard Texaco- Texas Gulf Prod Ci Textron Incorporate. Tfdc Wntcr Oil Co. 4 9 i 22 3lVi 3TI, 23 33 Vi -45' i 45 -ir.

123'i 12-Vi 1-2 1BH 1S4 IS'' 50S WU MH Corf. 20 "i S4 i so 1 ao 1 2-1-H 2.1^ -Mfi 30 30-a 30'--i H2', Uhlon Carbide Corp. Union Pacific Railroad i i Unitctl A i a Corp. United Corporation Uplted Stales Lines Co. TT'i United 'States Plywood 4i'v United Stntcs Rubber United States Smellina United States Steel 1W 1 l- 1 1 1 wiarner Bros.

Pictures West Penn Electric Co. 3i Western Union Tel Co. 47H 4i Wcsllnghousc Klectric lOo', JO- Motors Company 61 Ti ol 1 Woolwonh Co. fi-i'S 5J Toungstown Sheet A T. 130V4 126 loQVa Long Finishes Course At Ft.

Belvoir AB3IV Pvl. Thomas S. Long, lit Mr nn(1 Mrs a TM T. Long, Route 2, East Strouds- burg, completed the nine-week equipment maintenance course recently at the Engineer School, Fort Belvoir, Va. Long was trained to perform maintenance on construction equipment such as tractors, graders, nnd crane shovels.

He entered the Army insl and completed basic corn- hut training at Fort Bennlng, Ga. Long is a 1059 graduate of East Stroudsburg Area Joint High School, THE Holland Tunnel between York nnd Jersey City is used by more than 20 million vehicles year. long-term capital ft i when I redeem thcmT A. You received some very bad information. You never have a capital gain on cither discount bills or series bonds.

them at one i a them at an- other price par value. The differ- e- tween the prices est and is taxable as ordinary Income-- not as a capital gain. Tor instance. If you buy an bonds for S75, hold it to ma- turity and redeem it for S100, the S23 is accumulated inter- est. The discount bill situation lj pretty much the same.

The U.S. Treasury sold its latest is- sue of 320-day discount hills at an average figure of 95.6SO. This means if you bought a Sl.OOO discount bill in that Treasury offering, you would have paid S956.SO. If you hold it until maturity, you will re- ceive Sl.OOO. The S43.20 will be accumulated inlercst.

The big difference between bonds and discount bills is that discount bills are market- able. The original buyers of discount bills can sell them at any time not to the Treas- ury "but to other investors. There is an active trading mar- ket for them. However, whether discount bills are held to maturity for terms of from one to five years. Treasury bonds are is- sued for five years or longer.

The exact dale that they ma- ture (the date on which Cooperative Advertising Is Praised LANCASTER "Good adver- i i is government Is pledged to Alerted DELHI, India (AP)-- Mas- 1 tor beggars who srifce and maim children and put them out to bey in ihr streets may gel life in pris- on under a law enacted in Purlin- input this week. ingredient )f I moivh.Tmlisin^," said them off at par value) i i A. Smilli, i i of Icrent with each issue. i i i i in Treasury bonds and notes a address before the Lancaster We ulst ou differ from disci nnd notes an address before the Lancaster ount bills In I i for a Coop- that interest is paid on while they are outstanding. berry's provides all its employes with over nine months service, company-paid life insurance policies, sickness, hospital ex- pense nnd benefits-.

Also, he explained, Newberry employes have a stock option purchase plan available to them to become owners of their com- pany's capital stock and a dis- count on their company pur- chases at their slore. Praise For CPAs BUSINESS WEEK magazine hias urged businessmen to make use of certified public accountants--not just before in- come taxes are due. "Few businessmen have a clear idea about the precise role of a good tax accountant, usu- ally a certified public account- ant," the magazine said. In addition to saving the busk nessman money anfl clearing problems with the Internal Revenue Service, thp magazine says a CPA may be able to serve as tax adviser or financial consultant. Poor Records The job of preparing income tax returns Is complicated by poor record keeping.

In addition, possible tax cuts slip by, Busi- ness Week says. It points out that the signa- ture of an accountant on a tax form does not automatically mean it will be accepted by IRS without question; If record- keeping was faulty or 1C figures provided the accountant were incorrect, the blame Is on the businessman. In most cases, accountants who sign returns will repre- sent their client before the IRS on appeal if necessary. ference between the purchase price and the redemption or sale price is always counted B3 interest for tax purposes. Q.

What methods are available for ordinary in- vestors who want to buy and sell small amounts of T.S. discount hills, notes and bonds? A. Most Investors have that chore handled for them by their commercial bank or bro- kerage firm. When the Treasury brings out a new issue of notes or bonds, any investor can sub- scribe for part of the issue by applying to the Federal Re- serve Bank. But there is some red tape involved.

So, it's usually easier to channel your subscription through professionals who know how to go about It. Practically any brokerage firm or bank and many savings in- stitutions will assist a client or depositor; to subscribe to a new Treasury offering. And, If you want to buy some U.S. Treasury securities that are already outstanding (not a new Issue) or want to sell some you own before ma- turity, your commercial bank or brokerage house will chan- nel the transaction for you. You should know, however.

that if yoy trade in less than par value of govern- ment securities you may have to bit extra when you buy and receive a little bit less when YOU sell. "The Milk Control Commis- sion must be realistic In recoR- modern In mer- ehantlixinp. WP should no lons- ndverlWliK liuduels of any arbitrary stnn- thinking on the value of adver- night a TC, nil the orr.i annual meeting mers am! dealers supporting a cooperative i advertising program in the Lancaster area. i wild a similar program of i i a i advertising was established in Erie three years and retail sales jumped se- ven percent the first year. Vork has a similar program and both farmers and dealers are well pleased with the results.

"It is impossible for milk to hide in a corner, isolated from a whole string of advertised beverages, and hold its own in the mad rare for the consumer's dollar," the commissioner point- ed out. Consumer Level "The American Dairy Assn. is doing a good job for the dairy industry at the national level. This farmer financed campaign of public relations ad- vertising Jn magazines and on television, needs to" be supple- mented and followed down to the Intimate level of consumer contact. This means the home newspaper and air media," pointed out the commissioner.

Using in present day standards. WP cannot win battles in i i i i i programs gear- ed to thinking. Pennsyl- vania's SliUU million annual" milk sales program calSs lor a. size- able advertising budget." where the FOOD is FINE Anvtime! CHARITON'S LODGE HOTEL Kt. 208 E.

StroutUburx Dinners every Banquets anytime Cocktails very fins Luncheons Daily Stcidts, Chops, Trout. Chicken Try Our Charcoal Broil! PIZZA (Mushroom, Anchovies or Sausage) Served Any Time-- and To Take Out! Singer's Friendly Inn 324 Main St, Stroudsburg LAKE HOUSE Snylorsburp, 1'a. Our Dininp Room and Kitchen will be Open EVERY FRIDAY AND SATURDAY NIGHT For your eating and drinking pleasure Try DA for your Party Banquet or Luncheon We Serva Steamed Clami Friday and Saturday What Is the difference between Treasury notes and U.S. Treasury bonds? A. Treasury notes are Issued Mr.

Doyle will answer only representative letters of general interest In his column. HR cannot answer phone queries. Saylorsburg Mrs. Anna Al. Serf as Phone WY 2-4336 Inn 25 Years Old SINGER'S Friendly Inn this week is celebrating the 25th an- niversary of its establishment on Dec.

1, 1934, at 324 Main St. Friendly Inn was originally operated by the partnership of Arthur Singer and Arthur Ne- vil. After a few" years Singer bought out (he ISfevil Interest, and ho and his wife have oper- ated (he Inn ever since at its original location. Noted for fine foods, Singer's Friendly Inn has for the pas! few years made a specialty of pizxn, served at all limes, to be eaten on premises or io lake out. The bar is li- censed.

Declares Dividend DIRECTORS of the North- eastern Pennsylvania National Bank and Trust at their meeting Tuesday, declared a special dividend of 50 cents a share payable Dec. 21 to Share- holders of record Dec. 7. The additional dividend an- nounced by Frank E. Hcmel- right, president, will bring pay- for the year 1950 to $2.50 per MR.

AXU MRS. Roy Anthony, daughters Cathy and Donna, Palmerton, Paul Schantzcnbach, Allcntown, Mrs. Rose Rader and Harvey Schaffer Nazareth, Mr. and Lawrence Pysher, chil- dren Sandra, Donald, Bruce and Barry, Easton, Mr. and Mrs.

Allen Hahn, Mr. and Mrs. Hom- er Busklrk. daughter Nancy, son Ronald, Slroudsburg and Franklin Buskirk, Wind Gap, were recent guests at the borne of Mr. and Mrs.

Homer Bus- kirk, Sr. Miss Nancy Heller, a senior at the University of Pennsyl- vania Hospital for Nursing, Philadelphia, spent several days with her parents, Mr. and Mrs. Harvey Holier. Mr.

and Mrs. William Fanl- stick recently entertained Mr. and Mrs. Albert Fanlstick, Mr. and Mrs.

Charles Beaver, Weiss- port, Floyd Smith, Moorestown, Mr. and Mrs. Nevin Landis, Bath. Mrs. Dorothy Budge, son Earl, Mrs.

Anna Serfas and Mrs. Em- ma Buskirk visited Mr. and Mrs. Samuel Budge, Freeland, on Sunday. Mrs.

Frank Ventre, son Mich- ael Lee of Stockertown are spending several weeks with her Mr. and Mrs. Harvey Heller. Recent dinner guests at the home of Mr. and Mrs.

Homer Buskirk, were: Mr. and Mrs. Paul Schantzenbach, Allentown, Miss Patty Buskirk, Wind Gap, Charles Sutler, Belfast, Mr. Mrs. John Bonner, Mr.

and Mrs. i Emery Stout, Mrs. Homer Bus- kirk, son Richard, Strouds-1 burg. I Richard Buskirk was one of the lucky hunters to bring hnme an eight point buck, on the first i day ol deer season. MARIO'S CHESTNUTHILL INN Junction Kt 201) and 115 Italian and American CUSiNE Banquets Parties TUESDAYS ONLY Phone 2-4000 If you want your message rend AN AD THIS SIZE COSTS AS UTTLK AS Contract Jute) PAINT YOUR BASEMENT FLOOR THIS WINTER KG FUMES-ODORS DRIES IN 30 MIN.

u. ON ONE HOUl AFTER IT'S DRY PAINT WITH 1 ciostb NO an ROUT ON M.HSY.M; WAXING TOOLS WASH CLEAN IN WATER COKUETE HOOK AND WOOO (100CT- IN WIDE COIOB RANGE FETHERMAN'S PAINT STORE Miliu Slrccl Stroiulslmrjc VILLA ANTOINETTE Serving The Finest ITALIAN FOODS Kntr--IAve Mrisie Toilr IJ1M.VG A FBI. SAT. Nw Flouri 5 FRI. SAT.

10 p.m. Su; 1 0 CLOSED MONDAYS Res. For At A Time Om. Entrance To Itushkill Falls Hotel FAMILY-STYLE DINNERS Slonk, Tartics nnd Banquets Route 611 Phone HA 1-2151 CHARCOAL PIT Rt. flit--3 nil.

North ol StroudsburK DANCING PRIVATE DININ6 ROOM FOR CHRISTMAS PARTIES IS IT EASY FOR YOU TO SATISFY THEIR DESIRES? GIVE A SAVINGS ACCOUNT! Unique Practical Start Someone On The Right Road To The Smart GIFT: FOR THE ONE WHO IS HARD TO BUY FOR THE PERSON WHO HAS EVERYTHING FOR THE BOY or GIRL THAT IS PLANNING TO GO TO COLLEGE THE BABY THAT WILL APPRECIATE IT LATER We will do your Christmas shopping for you. All that we need is the money. A FREE Christmas card is given with every new ac- count opened as a Christmas present. I or more will open a Savings Account. East Stroudsburg The Friendly Bank ESNB National Bank On Tht Deposits Insured by Federal Deposit Insurance Co.

SUBSCRIBE TO THE DAILY RECORD GRAND 7 NOW SHOWING ROCK HUDSON mis 1HNH WAIL' RIlTffi KICK IDUIS WJCEt tMJO JULIA MEAOE CWfH NEW LOCATION TEDDY'S TAVERN 17 Second St. HA 1-9159 Stroudsburg FULLY LICENSED BAR Pizza Pie Spaghetti Ravioli Showtime 7:00 9:15 this year's big picture! THEYCAME TO CORDURA RKMDCOKTE-BICHAEUALIAS mum Dec. 5th-12th- and New Year's Eve SPECIAL ATTRACTION at the featuring and the SHOWMEN Show and Novelty Skits by King Henry and the Band DANCING 10 P.M. to, 2 A.M. KITCHEN WILL BE OPEN FRIDAY FOR SEAFOOD SPECIALS class members desiring election to tho board of governors, must apply for and return applications to club office by Dec.

6, 1959. I960 DUES NOW PAYABLE WO LWO A i i is 7 9 CHRISTMAS CARDS and GIFT WRAPPINGS 3 BIG ROLLS GIFT WRAP 77 120" long by 20" wide 1.00 value 8 SPOOLS GIFT TIE CURLING RIBBON 300' 98c value only 67 BIG VALUE TUCK CELLOPHANE TAPE 700" Reg. 88c Vol. ATTRACTIVELY DESIGNED CHRISTMAS CARDS with-envelopc same design 20-50 ASSORTMENT SPARKLE-SEAL TAG-CARD 50 Deluxe Pieces 15 ATTRACTIVE GIFT BOXES A size for Every Gift BIG VALUE ASSORTMENT CHRISTMAS CARDS 1.00 Valua 50-77' BIG ASSORTMENT RELATIVE and SPECIAL CAPTION CARDS Satisfaction Guaranteed or Your Money Refunded '580 Main Sirect, Stroudsburg, Pa..