The Austin Daily Herald from Austin, Minnesota on December 18, 1958 · Page 3
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The Austin Daily Herald from Austin, Minnesota · Page 3

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Austin, Minnesota
Issue Date:
Thursday, December 18, 1958
Page:
Page 3
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HEW YORK (AP)-A from Pott Cheater, N.Y., an Oklahoma Indian princess and a University of California professor have one thing in Cornm«n today — & sizable paper profit on their stock in American Telephone It Telegraph C6. Directors of the world's biggest public utility recommended a 3- hf v»M**t» MV*i*t«J t Gl*VllllllC!JUCU Q V O " •"" w*wut*\4 MV ifWOU} U£/ y«-*, tsll :or-l stock split and a 10 per cent *e dfl y» on a volume of 110,200 _lt__ I*. !.!».». At^-tJI m *** « _. * «K#i*kA* THEY FOUND SHELTER—These three wayfarers, who were seen riding in an open buggy from time to time, in the * Austin area this Fall have been given shelter in a three-room tenant house on the farm of Earl Mark, north of Armstrong, Iowa, just over the Minnesota line. The women, Alice Dans, 51, her , sister Mary, 48, and their cousin, Betty, 14, slept on straw in a tent as they moved around the country in their horse- drawn vehicle. Armstrong people supplied them wfth food and clothing. (Photo by Deputy Sheriff C. H. Halstenson) 'MUST HAVE BEEN HORRIBLE' Repairman Gets Death Sentence for Raping, Strangling 3 Models ATfrT STOCK SKYROCKETS Thousands Reap 'Profit' From Utility Split SfEW YORK (AP)—A newsboy split will widen the market for the their ATAT «f,vir «»« «a a ». — «.. A*. .LIU. *«*-!„,. »-%...__ ....... . • split will widen the market for the stock. The proposal sent ATM stock skyrocketing on the New York Stock Exchange. An avalanche of buying orders forced suspension of trading. When trading resumed 1^4 hours later, the stock was up $23 at $225, breaking a 27-year high. It closed at $2%, up $21 on like in the dividend Wednesday. It's the first stock split in company history and the first dividend change in 37 years. Strengthen Company Position Company directors said the split would strengthen the position of ihe company hi obtaining large amounts of equity capital needed for expansion. They expect the their AT&T stock five years or shares. more. They are part of AT&T's 1,625,800 shareowners. This is the biggest corporate family in the world, greater than the combined total of owners in the three next biggest concerns: General Motors Corp,, Standard Oil Co. (New Jersey) and General Electric 'Co. These three are among the 812,900 little investors . who have AT&T closed at $223.75, up held 15 shares or less of AT&T $23.75 on the Pacific Coast Ex-'stock for five years or more. in one rights offering to buy new stock and several rights offerings to buy convertible debentures at favorable prices. Or, if he didn't have' the extra funds, he could have sold those rights for a total of more than $60 in cash. On 10 shares he could have collected '$2,230, less broker fees, at Wednesday night's New York closing price. That's a capital gain to five years of $670. change. What Won't Sell does this mean to the In recent years, AT&T stock continued, directors «a!d, « bread- generally has been around a 4% ... - to 5 per cent yield basis. Dividends on the new stock will be 3.30 a share. That could put the price in the range of $65 to $70 a share. In each of the past three years, AT&T and its Bell System have spent more than two billion dollars for new construction.. newsboy, the Indian princess' or the college professor? They probably won't take down their paper profits by selling. They've held Since the end of World War II, He probably wouldn't selli more than t7 billion dollars have though. Because if he and the! been laid out for expansion. The If one of the trio, for instance, other stockholders approve thel ma ^ or part of this bas been raised jhad purchased 10 shares at the J ~ t "~'—'" • • .Hirnimv. eoi~ „( ,,..„..-u:— 1954 low of $156 a share, it would have cost him $1,560, plus broker fees. In five years, he would have collected $450 in dividends. He also could have participated utuei atuv;iuiuiuera approve Ine! f«.« «. »...- ..*..? k*vt»u proposed stock-split at the nexti through sale of securities. annual meeting on April 15, his 10 shares will become 30. And his dividends would Increase from Expected to Continue The board declared expendi- •tures of this magnitude are ex --"----•--W W* VLKILJ ItlMg* 11 llUUQ *** ™ VA* $90 a year on 10 shares to $99 a pected to continue. If these large year on 30 shares. construction programs are to be et market for the stock Is essential, In its statement, the board said additional shares resulting from the split would probably be dl*." tributed about June 1. The first quarterly dividend on the split shares will be made in July at the annual rate of $3.80 a share. That would be $9.90 a share on the old stock. MAGAZINE EDITOR DIES WASHINGTON (AP) - Lora 1. Clement, 75, former editor of the Seventh Day Adventlst youth magazine, The Youth's instructor, died Wednesday of Injuries *at- fered when hit by a car Dec. ». AUSTIN (Minn.) HERALD Thursdoy, Dec. 18, 1956 3 The Friendly Store SAN DIEGO, Calif. (AP) "Some crimes are so revolting there is only one penalty — the death penalty," said Superior .Judge John A. Hewicker. "I've never lieard anything like this case — and I hope I won't again," be added. Before him stood Harvey Glatman, 31, a Los Angeles television repairman who had confessed luring three young women into re- mote areas to take photographs, then raping and slowly strangling them. "The torment and ttie suffering those girls underwent," said Hewicker, "must have been horrible. I will impose the death penalty as the only proper judgment." 'What I Wanted' Glatman later told reporters: "It was about what I wanted." In a tape recorded confession presented at the trial, Glatman sfiid his motive for dating the women was sexual. He said he would not have killed them had they cooperated. He raped them and killed them so they wouldn't tell police. Glatman's photos of his victims —showing them bound and gagged before death — were entered as evidence and released to newsmen. WAREHOUSE CLEAN-UP Vz Semi-Load of Fresh New Prices Reduced Revlon Manicure Set Contains Polish, Remover and Case, Cuticle Remover, C*O *jti Box of 50 KING EDWARD Bath Oil $3.00 CIGARS - $3.80 Kool Smoke Pipes ....... $1.50 Wm. Penn Cigars, 30 ---- $J.6S REVLON'S FUTURAMA JEWELER'S LIPSTICK CASE Waterman's Cartridge Fountain Pen $2.95 Zippo Lighter Tobacco Lb. Tins A.P. St. Regis Pocket Watch Satelite Ball Point Old Spice Bath Powder Tweed Mist Spray Cologne Cory Toilet Water Yordley's Dusting Powder WHITMAN'S SAMPLER The finest gift chocolates LB- $OOO •OX -^T^ Dana's 20 CARAT Fragrance Corsage With Yellow Rose $2.00 PALMOLIVE GIFT SET For Men Shave Cream Lotion Talcum $1.00 GIFTS UNDER $10 Venus Paradise $1.50 First Aid Kit $2.95 Sorry Game $3.00 House Thermometer $1.19 Barometer $4.95 Borg Scale $7.95 St. Regis Heat Pad $3.95 Log Cabin Incense Burner 39c Gillette Shave Set $1.59 GOTY PARIS SET Eau de Toilette and Skin Perfume] $2.50 Prescription DruqqisTs MAIN AT BRIDGE AUSTIN.MINN. CHRISTMAS CARDS F0» UHNDt > iUA»VSS ri»i 10% Hdttoi E>cii« Tu on Taibtitet COCA-COLA TRUCK Authentic Coco-Colo insignia on side panels. New style over-the-engine type cab and easy rolling rubber wheels. Sturdy, all steel 17%' L t DOlUNDaOWN HOLSTER SET* 2.50 Value EA. Ufesfe. playmate over 2' talll Wathoble pixie face, guy prlnf. •d percale body.Cotton stuffing. M-4RI • 1.50 Value MMatvre double holster set for fast shootin' cowboys. 2 wooly. front hoiiters, belt, 2 pistole, BUY ON LAY-AWAY TABLE MODEL POOL TABLE Fun for alt! Goth covered 30* x 17' table with rubber side cushions. 16 composition pool balls, 2 cue sticks, triangle. FRICTION CARS 98* Value Choke of 6 Kale models wKi dud headlights, chromed grilles and bumper*, impact-proof bodies, II-IIU FARM SET 9.95 Value Sturdy metal tractor, cultrvqfor, cultipacker and farm wagon. In box that converts to play barn. •MM GIANT TEDDY 6 -iNCH BALL Regular 6.95 Appealing cuddle bear of soft plush, cotton and orlon filled. Foe baby—or teen qger's mascot I 8* Value Swell for towing, rotting, kicking! Six-inch air filled ball comet in six colorful designs. HIAWATHA 2O" Cadet Flite Combines beauty and rugged durability at a bargain price! Double bar frame, coil spring saddle, Momet coaster brakes. Removable stabilizer wheels Included. M-K 1.25 per 5 PC. FARM SET Hufaley, Jr. metal tractor pulh plow, cultipacker, spreader or wagon. Box converts to bam. 9!M»U RADAR SET 3.98 Value Butzzzl...red-green lights bfinlr, i planes revolve on radar screen, KeyflasheiMorsecode.10J4'H,' BRIDE DOLL KNOCK'EM DOWN FT '•" ¥ ' Va/ue Oh, 10 beautiful! lifelike 25' Bombard the unbreakable boN vinyl doll dressed in white taffeta ties witn bloop bolls and watch with long veil, bridal bouquet. '•"> fall* 10 bottles, 3 bald. ELECTRIC TRAIN locomotive puns tender and two cars around 8-pc, circular track. 28%* L DELUXE 17 PIECE TOOL CHEST 4.98 Va/ve Ideal for the young carpenter 4 to 9 years. Includes saw, hummer, brace and bit, plane, other tools. DEB TEEN DOLL SPRING HORSE Ift 14.95 rip Va | w0 She's 18'ofglamor~fromshiny H» prances,buck*bounciiand blond bob to tiny hi-heel shoes. 9^4 Tots delight m life-like She turns head, walks and sit*. «ttan. P*« nbre body. ALWAYS BITTER BUYS AT GAMBLES

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