The News-Palladium from Benton Harbor, Michigan on January 9, 1962 · 13
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The News-Palladium from Benton Harbor, Michigan · 13

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Benton Harbor, Michigan
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Tuesday, January 9, 1962
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13
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TUESDAY, JANUARY Wall Street Recovering From Drop NEW YORK (AP) The stock market advanced early this afternoon, making a partial recovery of its sharp losses of 1962. Trading was fairly active.. The Associated Press average of 60 stocks at noon was up .60 at 256.50 with Industrials up .60, rails up .60 and utilities up .40. Gains of most key stocks ran from fractions to well over a point. The recovery was fairly general, taking in most steels, rails, oils, motors, nonferrous. metals, aircraft-missiles, rubbers, electrical equipments and mail order- retails. itemlcala....buUdingjnatertels and tobaccos were mixed. High-priced International Business Machines, which has lost much ground, recovered 10 points or so. Amerada was up about 3. Ford advanced around 2 and General Motors a point while Chrysler added a fraction. Prices were at their best in the morning and were shaded thereafter. Du Pont halved , an early 2-point rise. Steelswere content with moderate gains. The rails mounted a string of fractional gains. The Dow Jones industrial average at noon was up 1.78 at 710.76. Prices advanced on the American Stock Exchange. Corporate bonds were mixed. U.S. government bonds -were un-changed to slightly higher. Area Road Signs To Be Changed LANSING (AP) The State Highway Department started a sign change over this week on the two main routes between Detroit and New Buffalo. Some 1,500 signs will be changed. : Crews will take down all TJ.S. 12 markers along Interstate 84 freeway and remove all U.S. 112 markers along U.S. 112 and replace them with U.S. 12 signs. When the shuffle is completed, former U.S. 112 will become U.S. 12, .which In turn willbecome Interstate Highway 94. n Files 6 Suits JACKSON (AP) Consumers Power Co. said Monday It has filed six suits accusing 29 electrical equipment manufacturers of price fixing. The suits were filed In U. S. District Court for the southern district of New York state. They ask for treble damages for alleged violation of antitrust laws , resulting in higher prices for electrical equipment than would have been paid under competitive con- ditionsJ the power companyjMua LOCAL FORECAST (By U. S. Weather Bureau at Detroit for this area of the Michigan fruit belt.) - - By THE ASSOCIATED PRESS Southwest and Northwest Lower Michigan Mostly cloudy and auite cold with frequent periods of snow, locally heavy with fresh westerly winds causing considerable drifting today, tonight and Wednesday. High today 14 to 20 Low tonight 4 to 8 above locally near zero interior. High wednes day 14 to 20. Westerly winds 15 to 25 mnh. Outlook for Thurs day: Scattered snow flurries, not quite so cold. Highest temperature Monday 28, lowest 22. 7 - Highest temperature one year ago today 26, lowest 12. Highest temperature this date since 1872 55 in 1880, lowest -12 in 1875. The sun sets today at 5:20 p.m. and rises Wednesday at 8:02 a.m. The moon sets today at 9:19 p.m. and rises Wednesday at 10:56 a.m. High Low Snow Alpena Escanaba Grand Rapids Houghton , Lansing Marquette Muskegon Pellston Traverse City ' 24 8 12 18 4 . 13 24 7 7 12 3 16 23 5 7 18 6 18 26 7 9 20 4 32 21 9 21 Price Quotations Local Grain BUCHANAN . Grain and feed price quotations today by Buchanan Coop. No. 1 yeUow soybeans, $2.29 , down lc. No. 1 white oats, '36 lb. test weight, 68c steady. No. 2 rye, $1.05, steady. No. 2 barley, 85c, steady. -' No, 2 yellow ear corn 96c up 3c No. 2 yellow shelled corn, 99c up 3c. m No. 2 red wheat. $142 up lc. No. 2 white wheat, $142 np le. EDWARDSBURG Grain and- feed price quotations today by Cleveland Son, Edwardsburg: No. 1 yellow soybeans, $230 steady. No. 2 red wheat, $142, steady. No. 3 oats, 70c up lc. No. 2 rye, $1.06 down lc. - No. 2 yeUow ear corn, 97c steady No. 2 yeUow shelled corn, $1.D0 steady. , . t:v. v No. S barley, 85c, steady. 9, 1062 New York Stocks Noon Prices WM. C. RONEY CO, Allied CH Am Can American Cyanamid Amer. Elec. Power ' Am Motors"......"... Am Rad ..." Am Tel it Tel ; A.M.P, . . .......... 56 44 42 65tt 17 ' 15H : 1324 . 40 . 50 . 27 42 . 46 . 13 . 41 Armour tt Co Bait & Ohio .... Beth Steel Brunswick Balke Budd Co Burroughs Calum Si H .... 16 Can Dry 25 Cdn Pac 24 Case, JI 9y Ches Si Oh S&Vt Chrsyler 53 Cities Svc 54 ... :: ; 4'UgHLbritiard VAV.V.'.'..'.':';V: 2 Cont Can 46 Copper Rng 17 Detroit Steel 17 Dow Chem 71 Du Pont 232 East Kod . 107 El Auto L 57 Emerson Radio 12 Erie RR 4 Ex-Cell-0 42 Fairbanks Whitney . . 8 Ford Mot 113 Freept' Sul 27 Gen Elec 71 Gen Fds 91 Gen Motors 55 Gen. Tel. & Elec. 27 Gillette 50 Goodrich ................... 68 Goodyear ................... 43 Gt No Ry 46 32 49 43 46 560 52 13 Hammer Pap Homestk 111 Cent Inland Stl ... Int Bus Men Int Harv .... International Packers Additional Listed Securities Local (Supplied 'By Berrien Securities, Inc, 219 East Main) Noon market .furnished by BERRIEN SECURITIES, INC. Bendix Corp 66 Bohn Alum 28-28 Hammermill Paper 33-34V Clark Equipt 36 Kawneer ............... 224-22 National Std ............ 33Vi-34 Standard Kollsman 31 Whirlpool 31 Yale It Towne . 28 When Near Retirement Put Funds Into Income Stocks By SAM SHULSKY Author, "Stock Buying Guide" i and "Investing for Retirement" Q. I am in my late 50s, with small means. Several months ago, as my first purchases, I bought National Can, De Soto Chemical, Consolidated Royality Oil and an unlisted record company. As I follow the market, it seems these purchases were unwise. Would you suggest I sell out and .buy good dependable stocks? Interested in a safe portfolio for some income when I reach retirement. A. Most of these issues are off from their-hlghsbut-wrentbovfr their lows. All are rather speculative, relatively low priced situations, which means I don't think they are ideal first investments for a man in bis late 50s. I don't know what you paid for them, but assume it was somewhere near the top for the year. Now you ask about "good dependable growth" stocks, which would indicate you knew you were taking fair sized risks with the issues you bought although you could have done far worse. - I wish you would explain to me why a man in his late 50s, with small means decides after many years to plunge into low- priced, speculative issues. It would seem to me that if you were frightened of the market for so many years, if you felt you knew so little about it and didn't have the money to risk, your normal reaction would have been to buy top quality Issues. 'I'm sure that's the course you would have pursued if you were now buying a car for the first time. TOP STOCKS SUGGESTED I don't know how close you are to retirement, but if it's a matter of about five years, I would soft-pedal the growth angle and Kelvinator Sales Rise. 12 In '61 ' CHICAGO (AP)-Sale8 of Kelvi nator major appliances in 1962 were 12 per cent ahead of the previous year, the company said Monday. H. L. Travis, vice president-sales, said the American Motors appliance division anticipates another 10 per cent sales gain in 1962. i "Our 1961 sales momentum is carrying Kelvinator Into 1962 on a strong upbeat and we should exceed last year's performance by 10 per cent," said Travis. "If we achieve this anticipated goal, tt will be the biggest Kelvinator vol: ume year since 1956.' , Travis said this year's sales were "even better than we had predicted." v Sales in the June quarter were 13.7 per cent ahead of the' same period of 1960, September quarter sales up 18.6 per cent and last quarter sales up 24.1 per cent, begin putting your money into top grade income producers. I'm sending you a list of suggestions. Q. We have just retired. Wt At quoted by , GROUND FLOOR, VINCENT HOTEL Int Nick Int Tel & Tel Kennecott Kimb Clk ... a 85 .... 65 85 ,...75 .... 36 28 .... 57 ....107 ... 45 .... 60 ... 33 .... 14 ....120 .... 69 .... 20 .... 42 .... 21 Kresge, S3 .. Kroger .... LOP Glass ... Ligg & My Mead Cp ... Monsan Ch . Mont Ward , Mot Wheel ., Nash Cash R Nat Dairy . . . NY Central Nor Pac . Outboard Mtr. St Mar. Parke Da . 35 .. 51 i Penney, JC Pa RR 18 Phelps D...... 61 Phill Pet .. 57 Pure Oil 33 Rayonier 19, Raytheon 37 RCA 62 Repub Stl 68 Sears Roeb 77 Shell Oil 38 Sinclair ........... .. 38 Socony .. 50 Sou Pac . 27 Sou Ry 56 Sperry Rd .22 Std jOiL CftL .Jt,J53 Std Oil Ind 63 Std Oil N J 50 Texas Co 55 Un Carbide ...............117 Union Bag-Camp ........ . 37 United Fruit ............... 26 Un Pac .' 33 US Rub 66 US Steel 78 West Un Tel 41 Woolworth 87 Zenith Rad ....... ..... . , 69 American Stock Exchange I Talon Inc. A Talon Inc. B .. 31 31 Daystrom 39 Noon market furnished by BERRIEN SECURITIES, INC. B. H. Malleable 5-5 Buchanan Steel 5-6 I & M Elec 85-87- Mich. Gas Util 16-16 North Ind. PSC 43-44 Tyler Refrig. .......... 17-18 Albion Malleable ........ 4-4 Electro-Voice ... . . ....... 11-12 Holly-Grills, Inc 3-4 sold some A. & & T., American Export Lines, G.M., and Socony this year and realized a profit of $700. Our broker recommended, and we bought 200 Universal Controls at 15. It is now down to about half that. Should we take a loss? . A. I suppose you could hope for some recovery, now that 1961 tax selling is over for losses. But there's no hope for that broker. Anybody who would switch retired people out of the stocks you mention into a more speculative situation ought to have his head " examined.- - Q. I have $6,000 which I will not need for three more months. Would you recommend a stock for capital gain in that period, or should I put It in the bank? A. The bank. Trying to call your shots that closely in the market can be ex tremely dangerous. RETIRING IN 65 Q. My husband will retire in 1965. We have $10,000 in E bonds Should we cash all-these In before he retires and make some other investment? A. That would be exactly the wrong time to cash them in. Assuming they , have all run full term, you would have a gain of $2,500 fully taxable as Income If you cash them in after he retires, and after your tax brack et has fallen off, you could per haps escape all tax on the rise in value of the Es. Or if you switch them directly into H bonds paying 3 per cent, you will delay paying the tax until you get out of the Hs. Even if you intend to switch into other securities, I would favor delaying any wholesale cash ing in of the Es until after retirement. Consider a piecemeal shift. Mr. Shulsky welcomes all read er mail. If a ...list of investments is requested, please enclose a stamped, self-addressed envelope to 235 East 45th street, Newi XOTK, N. X. LIVESTOCK' CraCAOO (AP)-(USDA) Hogs 5,500; butchers mostly 25 higher; 84 head 1-2 203.1b butchers 18.75; mostly 1-2 180-225 lbs 18.25-18.40; mixed 1-3 190-240 lbs 17.75-18.25; 230-260 lbs 175-17.75; 2-3 250-300 lbs 16.59-17.25; mixed 1-3 400-600 lb sows 13.25-14.50. Cattle 3,000, calves none; slaughter steers and heifers fully steady; few loads mostly prime 1.200-1,400 lb slaughter steers 27.50-27.75; bulk choice 25.50-27.25; load lots mixed good and choice 25.00-25.25; most good .23.00-25.00; couple loads and lots choice with a prime end heifers 26.25-26.50; bulk choice 24.75-26.00; commercial cows 14.50-16.50; utility and commercial bulls 19.50 21.50; standard and good vealers 20.00-26.00; good 1,060 lb feeder steers 23.00. . Sheep 1,200; lambs strong; three loads choice and prime 92-100 lb fed Western wooled lambs 18.00-18.10; deck choice and prime 96 lb mixed shorn and wooled slaughter lambs 17.50; good and choice natives 15.00-17.50 cull to choice wooled slaughter 'ewes 4-SO4.00. THE NEWS -PALLADIUM, BENTON HARBOR, MICH. "" i , I- . in. l I HI llTl'inV UHIJl" .f Today's Weather NEW YORK Snow flurries are scheduled for Tuesday night for the Great Lakes, the Ohio valley and the eastern Rockies with some light snow in the northern Gulf area and Darts of the southern Plateau. Rain is exoected in the weEis8issipiti-vaIleynd cold or colder m most of where temperatures are Wirephoto Map) YOUR ft "MONEYS WORTH FREEDOM BOND A week from this Friday of the nation's leaders in communications will meet retary of State Rusk, Secretary of the Treasury Dillion, Federal Reserve Board chairman Martin, other highest level officials in Government Bond Drive" of 1962. "Freedom Bond" is this year's name for the familiar U.S. Sav ings Bond, of which tens of mil lions of us already own an all-time high total of $44.5 billion. With these news-making names attending and with the guests skillfully selected from every state, of course the Jan. 19 conference will get headlines. At the meeting, Dillon will announce that the Treasury's aim is to seU $4 billion E and H Savings Bonds this year against sales of $4.5 billion in 1961. The corporation executives will be urged to expand their payroll de duction -plans- under- which 8 million employes already are buying bonds regularly week after week. The -points will be made that when you buy Savings Bonds, you help finance our nation's defense needs, strengthen our economy, protect the U.S. dollar. The Pres- Family 111 From Fumes Six Treated At Mercy Hospital Six persons In a Benton town ship family who were made ill, apparently by fumes from a coal furnace, went to Mercy hospital fortreatment yesterday. Released after treatment -were Toscanelli Askew, 32, of 363 Lin den avenue; four children Jacqueline, Toscanelli, Jr., Rochester and W. C. Askew ranging from 10 to 13 years, and Askew's cousin, 24-year-old Oscar Scott. Scott said everyone in the family was ill when they got up about 6:30 a, m. He said Askew called the Berrien County sheriff's department and two officers told , them to clear the fumes by opening doors and windows. , Askew returned to work today and the four children returned to school. Mrs. Askew, 31, has been a medical patient, at Mercy hos pital for several days. BUTTER and EGGS . CHICAGO (AP) Chicago Mer cantile Exchange Butter steady; wholesale buying prices lk to 1 lower; '93 score AA 59; 92 A 59; 90 B 58V; 89 C 56; cars 90 B 58; 89 C 574. Eggs steady; wholesale buying prices unchanged -to tt higher; 70 per cent of better grade A whites 34; mixed 33tt; mediums 32 Mi; standards 29; dirties 28; checks 28 Cassopolis Livestock Date: Jan." 8, 1962. Qross volume of business, $70,' 216.24 .177 consignors. 147 cattle with a top of $24.75. 93 calves with a top of $40.50. 957 hogs with a top of $18.50. 31 lambs with a top of $18.50 Sam Tries Again DENVER (AP) The dog-catcher never catches Sam. The friendly St. Bernard catches him. Three times in two months Sam hopped into the front seat of the dogcatcher's truck and stayed there until taken to the pound. Each : time he got ' a new owner. "WBIM SMAKT MOKKT BUT!" . WATER VLIET FURNITURE FAMOUS MAKES 0M Mm. . nt S-e Sat. M:tt At v ... . 4..-v : Map the nation except for the lower Pacific coast area expected to remain the same as Monday night. (AP DRIVE OF 1962 in a Washington hotel, 700 industry, finance, labor and with President Kennedy, Sec to kick off the "Freedom ident will close the conference with a frank report on our economic, financial foreign policies. GOING ALL OUT , It's going to be a glittering meeting designed to give maximum publicity to the Freedom Bond Drive-and with reason. For not ever in its long, proud history as a Defense Bond, a War Bond and now a Freedom Bond Jias this hardy little se: curitj faced such stiff compe tition from other savings mediums as today. A Savings Bond pays you 3 per cent interest if you hold it to maturity in J' years and 3 per cent interest if you hold it two years. This has been a fair rate of return for the small sav er during the past couple of years. . But an upheaval is occurring in the entire savings field. From coast to coast, financial institu tions are now paying savers the! highest rates in a generation. In such big cities as New York, commercial banks are paying 4 per cent on deposits left a year or more. Across the country, savings banks and savings and loan associations are paying up to 4tt per cent, even more. Some institutions are creating their own savings "bonds"' and "certificates" and aggresively promoting the 4 per cent return to matur-ity. , ' " This is competition,' rough and tough, for the Savings Bond' under any name. And although the U.S bond has advantages other mediums do not particularly the fact that you can buy them under payroll deduction plans and thereby discipline yourself into saving regularly toward your nestegg it is conceivable that the competition will slash into sales of the Freedom Bond this year. - If the drive does falter, then what, might happen? up to m What might happen Is that as in 1957 and in 1959, the rate of return on the bonds at maturity will be raised again. Under the 1959 law, the President can boost " the return on the bonds up to 4tt per cent without asking Congress' permission. "We do not contemplate any action now," insists William H. Neal, National Director of the Treasury's Savings Bond Division, and Neal properly emphasizes that while rates on savings run to 4-4tt per cent in some areas, most banks are paying much less than the average that can be earned through the nation is far below the peak. "But we are continually studying our package to find ways to improve it," Neal also 'declares. "The Treasury doesn't want to place a premium rate on the Savings Bond to draw from other sources" but it doesn't want to penalize buyers of its bonds either. So if the Freedom Bond Drive falters In the months ahead, another rate hike is probable and the President most probably would extend the rate- increase to all who already had bought bonds in 1962.- - The competitive battle for your new savings dollar between financial institutions is just beginning. On Jan. 19, the might U.S. Treasury joins in too. In 1962, the thrifty American is real: ly coming into his own. Opportunity For Sale 8trt the new year off right, with your very own well-organized proven business. The Victor Paint Co. is offering, to the right "aggressive type" people,-the chanoe to own uooessfal Victor Paint Franchise Center. Only $5800.00 sets yon np completely. Or you may take advantage of Victor Paint's MEasy-pay-bndget-njanH. Victor Paint has more than 50 existing paint centers throughout the Midwest which have proven to be tremendous .profit-return franchise Investments. So hurry, write for more information on this profitable op-ortunlty. Write today to Box 20X, News-Palladium It. will continue. Police Chief Comes To Aid Of Little Girl KALAMAZOO (AP) Eleven- year-old Ruth Fordham of Kalamazoo has a dog today to take the place of Prince, her German shepherd killed by a car just be fore Christmas. Ruth first thought that Prince ran away from home, and she took a letter to the Kalamazoo Gazette asking that he be; returned if found. A neighbor saw the letter in the newspaper and told Ruth's family, that Prince had been killed. But Kalamazoo Police Chief James M. Slavin heard of the lit tle girl's story. Slavin leaves next month to take over as police chief in Denver, Colo., and he had a 5-month-old German shepherd for whom he was seeking a home. Slavin contacted Ruth's family and today his dog. Tor, had a new home and was scheduled to get a new name. Ruth said she liked the name Prince. Judge OKs Transfer Of Politician Too 111 To Travel . MASON (APh- Ingham County Circuit Judge Louis A. Coash Monday granted a motion by Dr. Eugene C Keyes- to - have his election fraud conspiracy trial transferred to Wayne County. Coash acted after Leo A. Far-hat, county prosecutor, said he would consent to the change in venue because Keyes' health made it difficult for him to travel between Dearborn and Mason. The former Republican lieuten ant governor, who sought Demo- cratic nomination Ur thatfficeiirta 1960, has denied knowledge of any irregularities in petitions filed In his behalf. Keyes, freed on $1,000 bond, was indicted by a one-man grand jury investigating alleged violations of the electipn laws. The indictment contended -there were forged sig natures on some of the petitions and that some were improperly notarized. v Although consenting to the change, Farhat said he objected to a charge made by Keyes that coverage by the news media of his court appearances in- Ingham County had prejudiced potential Jurors against him. Farhat said Keyes, who stood mute oir the charge, "curried, attention with news reporters, posed for photographers and passed out some of his political publica tions," Soviets To Free Plane Belgian Airliner Carries 3 Yanks MOSCOW (AW The Soviet government agreed today to re lease a Belgian airliner , which landed Monday in Armenia while on a flight from Tehran to Brussels, Belgium, with 27 persons aboard. First Deputy Foreign Minister Vasilyv Kuznetsov told Belgian Ambassador Hyppolite Cools that all passengers and crewmen were safe and staying at a hotel, in Grozny, north of Yerevan, where the plane was reported forced down. Kuznetsov delivered a routine formal protest about the violation of Soviet air space by the Cara- velle ' jetliner. Three passengers on the plane are Americans. SECTION BIGGER NOW Near Finish At Capitol WASHINGTON (AP) Mem bers pouring in for the reconven ing of Congress tomorrow are finding many changes in the en larged and newly scrubbed old Capitol. Most of the changes stem from the extension of the buildlngfs east front, a project which has been under way for several years. The entire, job should be finished in about six weeks much of the new area already is in use. The $24 million project added 32 feet to the east side of the building, and put it In balance architecturally. It was an under taking close to the heart of the late Speaker of the House, Sam Rayburn. NEW OFFICES The new east, front contains sumptuous suites of offices, or nate reception-rooms just off 4he floors of the Senate and House, and a new entrance hall. The Senate and House restaurants have been enlarged and rearranged, but the famous bean soup .remains the same. The House members' dining room is brightened by a large painting of Lord Cornwallis surrendering at Yorktown. - Says State BudgetHike Unavoidable Pears Speaks In Berrien Springs BERRIEN SPRINGS (AP)-The 1962-63 state budget unavoidably will be bigger than the current budget, House Speaker Don R. Pears, R-Buchanan, said today. Pears said the 1962 Legislature, opening Wednesday, must increase the current $463 million general fund budget by $22 million merely to maintain state services at the present level. In remarks prepared for a local civic club, he estimated an addi tional $10 million in state school aid must be allocated for an en rollment: increase of 50,000 in public schools. Enrollments at state colleges andniniversitreswill increase between 4,000 and 5,000, requiring a $5 million increase for operating expenses, he said Lawmakers also must boost spending, for mental institutions by at least $1 million to accom modate more patients, he said. Atom Spy Gets Job As Professor LONDON (AP) Dr. Alan NunnMay,jthe western : world's first atom spy, has been appointed - special professor of physics at the University of Ghana." Dr. May worked on an ergy project iriCana- da during World War II. He was sentenced to 10 years imprisonment in 1946 for disclosing atomic secrets to the Russians. He was released in 1952 after serving six years and eight months of the term. Four Hurt In Crash Berrien Accident Report Corrected Four persons were hurt, none seriously, Saturday in a truck collision on Ice-coated Range Line road at Lake Chapln road near Berrien Springs. Berrien county sheriff's deputies at the Buchanan sub-station said a pickup truck -driven by Richard Potter, 43, of Galien, skidded on an icy hill into the side of an oncoming flatbed truck driven by Milton Marshke, 42, Route 2, Berrien Springs. . Deputies said Potter told them he lost control of his truck when it began to skid on the ice. The skidding pickup crossed the centerline and rammed -the left side of Marshke's truck behind the cab, deputies said. Both trucks were extensively damaged. It was erroneously reported yesterday that Marshke's truck hit Potter's pickup from the rear. . Marshke received a fractured rib in the crash: Potter had several cracked , ribs. His wife, Vera, 40, was treated for cuts and bruises on both legs. Their son, James, 15, had a cut chin. A ground hog seldom ventures far from home. On sensing an I enemy he whistles a warning, chatters his teeth and quickly disappears under the sod. Facelifting 150 Hamburger - Red Hot Drive-In Franchise Opportunity Now available;, low as $6500 for complete turnkey drive-in operation. We supply modern attractive building completely . equipped with signs. No experience necessary. Past service operation, low investment, low burden of overhead. Our training program and successful food system plan assures owner-operator of returns high as $25,000 annually. Send inquiry, references, age to: ' NATIONAL DRIVE-IN SYSTEMS, INC. 108 N. Dearborn' St Chicago $, Illinois Phone ST 1-435$ TWO PAGE FIVE Hearing Waived By Professor Cited With Fraud In Getting '62 Car BIG RAPIDS (AP)-Former Fer ris Institute Professor Alfred H. Witten waived examination Monday on a charge of obtaining a 1962 model car under false pretenses. As Witten. 35, was being brought to court and returned to Jail in default of $5,500 bond, his former student companion on a trip to Arizona, Ervin Hackert, 20, of Lud-ington, was released to the custody or nis family. Young Hackert was released pending examination on a charge of obtaining merchandise under false pretenses. , The charges against both Witten and Hackert were brought in connection with an alleged bilking of antes and businesses in Big Rapid and Grand Rapids of $22,000 in goods and services from last September to December. The two disappeared Dec. 8 and were arrested on Christmas Day in Phoenix. Hackert has said he knew nothing or any iraua. Hackert's examination was postponed from Jan. 16 to Jan. 31. Witten's examination on $2,500 bad check charge also was postponed from Jan. 16 to Jan. 31. Witten appeared in justicec6urt He will be arraigned Wednesday la circuit court on the charge. Hackert was released on motion of Mecosta county prosecutor Will iam A. Harper, i Harper said that Witten, a secre tarial science teacher at Ferris. signed three statements which he typed himself. One dealt with the charge Involving the car and the others r with Witten's activities since he came to Big Rapids. Harper said Witten was vague on his relationships with Hackert. U.S. Airlines To Penalize 'No -Shows' -WASHINGTON (AP) Airllnea may begin on March 1 charging passengers up to $50 when they don't show up for their reservations, the Civil Aeronautics Board has decided in a tentative ruling. BuU a passenger may also col lect a penalty of at least $25 if he shows up with a ticket and finds no seat available. In its ruling yesterday, the CAB said the order would be deferred for 20 days to allow the airlines or other interested parties to file comments or protests. The action stemmed from s request of 11 major airlines that something be done about the "no-shows." CLASSIFIED ADVERTISING "THE PEOPLE'S MARKET PLACE" The News-Palladium Classified Ad Rates "Quick Action-Low Cost PIere is how You can Uss NewarPalladium WANT ADS SAMPLE AD THIS IS a three line Ad An d this slw eonttlni sbeut ftltten average words. The Ad Above Costs Only: $3.15 for 6 Days $2.10 for 3 Days .$1.06 for One Day SAMPLE AD . THIS IS A FIVE line Ad Con. talnlng about 35 words, offering space for more Items, or more complete description of articles. Place your ad today. The Ad Above Costs Only: $4.95 for 6 Days ' $3.30 for 3 Days $1.65 for One Day Minimum Space 3 Lines Count A average words per line. An average word has 5 'Characters. Schedule ads for 6 or 3 insertions for best results and lower rates. Alternate Insertions are charged at the one-time rate. Ads stopped before expiration are charged only for ' the number of days run at the rate earned. ' Cards of Thanks or In Memorlsm Notices 11.50 tor first 10 lines plus 35c tor each additional Une. All advertising is subject to the approval of the publisher. All copy for Classified Advertising must be in The News-PaUadium. office by noon on the day prior to publication. Copy for qualified Classified Display advertising, must be in The News-Palladium office by 4 o'clock, two full days prior to the day of publication. Correction of errors will not be made on the day of publication but will be made on the next day after publication. ; - The Classified Department It open from A. M. to 5 P.. M. . , FOR FAST, COURTEOUS HELP IN PLACING YOUR AD OR FURTHER INFORMATION CALL ' WA 5-0022

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