The Courier News from Blytheville, Arkansas on January 25, 1955 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Tuesday, January 25, 1955
Page 12
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BLYTHEVTLLB (ARK.) COURIER NEWS TUESDAY, JANUARY 96, 1W» Stock Morkefr Countless Factors Determine Success or Failure in Market (Second in a Series) By RELMAM MORIK NEW YORK (AP) — Can you make money in the stock market? Yes, indeed. Can you lose your shirt? You certainly can. Can you make a quick killing? That depends on the size of your money, your judge- ment, the reliability of your information, and countless factors, unforeseen, and beyond your control. Can you be wiped out in the market? Well, you'd have to be unusually deaf, dumb and blind, but it's possible. Let's take a -look at the "stock market." The term covers the New York Stock Exhcange, the American Exchange, and the smaller exchanges that dot the United States and Canada. The market is many things. First, it ie a facility, highly organized for the convenience of the . buyer and seller. Second, it Is a place where borrower and lender meet, each with the idea of using money to create more money. A corporation needs funds — say for expansion — and it "borrows" them in the market. You've got some idle money. You want it to earn more than it will earn in a savings account or government bonds. So you buy somi ahares of stock in a company. Yoi have "loaned" that firm you: money. To* stand to gain in two ways from ttie dividends the companj may pay you out of its earnings and from the increased price of its stock If the firm's success causes other people to want the stock. And finally, Uie stoclc market is a state of mind. It represents the sum of tfae judgments and opinions the whims and hunches, the hopes and fears, of millions of people Why? Because these people are all trying to gunge the future of thousands of business enterprises, and buying or selling stock accordingly. People aire seldom, if ever, predictable. And stoce the stock market is the foci* of *o many opinions and emotions, it also is unpredictable. Nobody can tell you exactly what tt will do, or why. Moreover, tt reacts to events anywhere in the world. A vote in the French Assembly or a Communist raid on a tiny island off the China coast quite probably will be reflected in the rise or fall of some stocks. So th« element of risk can never be eliminated. Hence, a broker might very well say, after looking over your financial position, "You haven't any money that you can ' afford to risk. Better buy government bonds." On the other hand, the record— which is easily available to you from market publications or in a broker's office—has spme surprising information about the stability of American corporations. It would show: 1. Some that have been paying cash dividends every year for more than 100 years. 2. Nearly 50 that haven't missed • dividend payment since {he Civil War. 3. Over 300 with an unbroken record of 30 years or more. Apart from dividends, how about the prices per share Again, the record shows many of the best •tocks are higher now than they were In 1929 when the market as a whole was at an all-time high. In other words, even if you had bought these at the peak, and held them through the depressions and rises, you would have more dollars today than you paid in 1929—no'," more buying power, but more dollars. Suppose you decide to buy some stocks. Which ones ?What kind? That depends largely on what you want. Some, on the basis of the record, have a high degree of safety but a low yield. Others- say in a new company, or what the marketeers call "unser-soned" stocks—may represent potentially bigger profits, but also greater risks. And there are hundreds of issues in between these two extremes. Since you're no expert, you will seek out the best advice and counsel you can get. You may go to a broker. Or you can talk to your banker. Or investment counselors. They may tell you, for one reason or another, to stay out of the market. They will certainly advise you how to buy. There are fees for all this advice. You may buy stocks today on ttie "monthly investment plan," for as little as $40 a month. It's essentially the same as buying an article on installments. Now, sit back and watch the financial page in your newspaper. It 16 telling the day-to-day story of American business, and you are a part of it, one of the owners. Brokers frequently say, "Don't marry your stocks," You may buy and hold aome for many years. But in order to achieve "diversification" — that is, a balance between risks and safety—you may want to change around, from time- to time. Again, hire professional 10-YEAR AWARD — W. D. Chamblin (left) of Chamblin Sales receives a 10-year service plaque from Art Keene, regional representative for Studebaker, as Harrell Davis of Chamblin's (right) looks on. Closer Ties Predicted Between Protestant, Catholic Churches By GEORGE MACKIE NEW HAVEN, Conn, tfj — The day when the Roman Catholic and Protestant churches will work together officially, both in matters of social reform and in promoting Christian faith, is surely coming, says Dean Listen Pope of the Yale Divinity School. The two churches will be brought together, he says, by "the pressures of the world, of which communism is only one of many, and by the inherent requirements o he Christian faith." Dean Pope concedes that there s "almost no official cooperation" jetween the Catholic and Protest- nt churches at present. But, he said, "Catholics and Protestants lave a lot more in common then hey have things that divide them." He referred, he said, to central .heological doctrines us well as to matters of social concern. "They both believe in a God repealed by Jesus Christ, that God s merciful and just, that faith is ,he way to the highest truth, and :hat every man has dignity and worth," he said. "They both believe that racial segregation is wrong, that war is vrong. that political totalitarian- sm is wrong." but in working against, these things they do al- nost nothing together. "The Pope goes this way in seek- ng to end war, and each Protest- nt denomination sounds off in its own way." Dean Pope said there are "two :hfef sticking points" which keep he churches apart. The Protestants will not acknowledge the authority of the Pope, said, and the Catholic Church adyice. And you 'might wisely paste this paragraph inside your hatband. It is from a recent issue of the London Economist: "Economic forecasting is not a reliable science; it lies somewhere in the intriging borderland between a pure hunch and a low- TOMORROW—1929 and 1955. Can it happen apuin? tears putting itself in a position where it would seem to be admitting "that it might not be the only true church." Asked to name some of the agencies and individuals he said are working- (o bring- Catholics and Protestants closer together. Dean Pope mentioned, first, the National Conference of Christians and Jews. In this organization. Catholics work with Protestants and Jews, but as individuals rather than as representatives of their church. Dean Pope said the Church Peace Union, a movement endowed by Carnegie funds, seeks to persuade Catholics and Protestants to work together for peace, and the National Religion and Labor Foundation seeks to have them work together in the field of industrial relations. Jacques Maritain, a Roman Catholic who is a professor at Princeton, was the only individual Dean Pope cited by name as presently working toward Catholic-Protestant unity, but he said, "Many Episcopalian leaders are concerned and there have been unofficial Catholic observers at meetings of the World Council of Churches." $150,000 Damage Suit Filed Against Actor Jack Carson LOS ANGELES (Jl — A S150.000 damage suit against actor Jack Carson was filed yesterday by Louis E. Fiske, 74. in connection with a golfing mishap. Fiske, retired auto manufacturing executive, accused Carson of a ball driven Vegas. Nev., negligence. He said by Carson at Las News ol Men In the Service Cpl. Manuel L. Jones, 28, son of Mrs. Emma Jones, 616 Slicer St., Kennett, recently spent a peek's leave in Tokyo from hts unit in Korea. Cpl. Jones, a carpenter in the 62nd Engineer Combat Battalion's Company C, entered the Army in July, 1953. Sgt. l|o Freddie B. Kelley, whose wife, Violet, lives at Holland, recently spent a week's leave in Tokyo from his unit in Korea. Sgt. Kelley, a section leader with Battery B of the 68th Anti-Aircraft Artillery Battalion, arrived overseas last August. Pfc. Johnny E. Buchanan, whose wife, Ada, and parents, Mr. and Mrs. W. E. Buchanan, live at 1005 N. Sixth St., Blytheville, recently completed the radio course at the Sixth Army Communications School at Port Lewis, Wash. A surveyor in Headquarters Battery of the 2nd Infantry Division's 37th Field Artillery Battalion, Buchanan entered the Army in December, 1953, and received basic training at Camp Chaffee, Ark. Cpl. Harold Evans, 20, son of Mr. and Mrs. Joe Evans, Route 1, Kennett, recently .spent a week's leave from his unit in Korea at Kobe, Japan. Evans, a message center clerk with the 24th Infantry Division's 19th Regiment, entered the Army in May, 1953, and has been overseas since November^ of that year. Airman First Class William C. Bready of Blytheville, serving with the 366th Engineer Aviation Battalion, was recently promoted to Staff Sergeant. Assigned as a supply superintendent, he has been in the Air Force since October, 1945. He arrived in Korea in May, 1954. The son- of Mr. and Mrs. A. G. Bready, 2317 Carolyn Street. Bready attended Blytheville High School class of 1944. Marine Cpi. John W. Coalter, 19, son of Mrs. B. O. Coalter of 701 Lilly Street. Blytheville, is home on 25-day leave from the Marine Air Base at El Toro. Calif. Cpl. Coalter enlisted in the Marine Corps in AugVst, 1953, and received his "BooKTraining" at San Huge Birthday Celebration Set For MacArthur LOS ANGELES tfj—Los Angeles all set to throw the biggesl birthday party in its history for one of the nation's best-known olc soldiers, Gen. Douglas McArthur, 75 tomorrow. State and city dignitaries and perhaps a million plain citizen, if advance estimates prove correct—will be on hand to greeet MacArthur on his arrival by plane from New York today. It will be the former Far Eastern commander's first visit In 18 years. An emotional highlight will be the unveiling of a monument in his honor in MacArthur Park. The dedication ceremonies tomorrow will include the first of three speeches by the general. He also is scheduled to make an informal address at a luncheon sponsored by the Episcopalian diocese of Los Angeles and a prepared speech at an American Legion dinner tomorrow night. One Fox Outfoxes Foxes PHILADELPHIA tf» — One fox outfoxed three other foxes yesterday in surburban Broomall. The animal was seen by James E. Fox who chased but lost track of it. Next Thomas Fox of Springfield spotted the animal and summoned a policeman, Maurice Fox. These two Foxes took up the pursuit, which once again ended in failure. Feb. right and permanently Impairing his 1, 1954, struck him in the eye, shattering his glasses LITTLt LIZ— toonfr or taw'me* bridge ptoytn l«o|n to takt!»on the shlrw . THE "ALWAYS PLENTY' WAY! To solve your household problem ol plenty of hot water, whenever you need It, install a IIEATMASTER automatic water heater. Generously thick Insulation and the most advanced principles of heat transfer assure you the maximum hot water with the minimum fuel cost. And your IIEATMASTER automatic water heater Is adjustable for exactly the temperature yon preftr. Buy From Your Plumber or Plumbing & Heating Dealer MIDSOUTH PLUMBING SUPPLY COMPANY (Wholesale Distributors) Rear 213-215 W. Walnut BLYTHEVILLE 366 E. Johntoit JONESBORO Ph. 3-8353 Ph. 2-3562 PROMOTED — William A. Branch, son of Mr. and Mrs. Grover C. Branch of Kennett, recently was promoted to corporal. He is a stenographer with the 8102nd Army Unit's'Headquarters of the United Nations Command Military Armistice Commission in Korea. Diego. Calif. At the present time. Cpl. Coalter is doing Aircraft Maintenance work at El Toro, Calif. TOWER CALLING — Marino Pfc. Alton. A. Stracener son of Grover T. Stracener of Osceola, is serving as a radio man with an air control squadron of the First Marine Aircraft Wing Korea. Pfc. John W. Reeves, son of Mr. and Mrs. T. H. Reeves, Route 1, Joiner, is participating in training exercises with the 7th Infantry Division's 15th Anti-Aircraft Artillery Battalion in Korea. Pfc. Reeves completed basic train- tag at Fort Bliss, Tex. Army. Pvt. Leonard G. Waynick, son of Mr. and Mrs. James G. Waynick, Route 1, Kennett. is now serving with the 71st Infantry Division in Alaska. Private Waynick entered the Army in June, 1954, and completed basic training at Camp Chaffee, Ark. Pvt. Jack Steele, 27, son of Val M. Steele, of Caruthersville, was recently assigned to duty with the Army at Port Leavenworth, Kan. He entered the ' Army last July - nd completed basic training at Port Knox, Ky. Army Pvt. Berlie W. Green, son of Mr. and Mrs. C. E. Green, of Kennett, is now serving with the 71st Infantry Division In' Alaska. Pvt. Green, a member of the divisions 4th Regiment, entered the Army in July, 1954, and completed basic training at Camp Chaffee, Ark. John H. Bewley. 21, son of Mr. and Mrs. Elmer Bewley of Wardell, was recently promoted to corporal while serving at the Brooke Army Medical Center, Port Sam Houston, Tex. Corporal Bewley, a security guard in the center's Headquarters Detachment, entered the Army in July, 1953, and completed basic training at Camp Gordon, Ga. Buddie C. Hicks, 19, son of Mr. and Mrs. Jodie C. Hicks. Route 1. j Blytheville, recently was promoted I AIRMAN—Billy P. Garner, son of Mr. and Mrs. R. C. Garner of Blytheville, Rt. 1, is undergoing basic military training in the Air Force at Parks APB, Calif. Airman Garner attended Burdette High School prior to entering the Air Force last November. to corporal while serving with the 25th Infantry Division in Hawaii. Hicks, a gunner in the 21st Anti- 1 Aircraft Artillery Battalion's Battery C, entered the Army in January, 1953, and arrived overseas last June. Pvt. Tesse D. Cooper, whose wife, Lois, lives at 104-R South Third St., Hayti, recently joined the 724th Transportation Railway Operating Battalion in Korea. A railway trainman in Company C, Pvt. Cooper was last stationed Port Eustfs, Va. The son of Mr. and Mrs. Henry Cooper, Route 1, Bragg City, he entered the Army 'n May, 1954. MISgt. Millard L. Kizer, 36. son of Mrs. Lucy Kizer, 720 Ermen Lane, Osceola. Ark., Is serving with the 434th Engineer Construction Battalion in Korea. A communications chief In Head- COMPLETES BASIC—Airman 3/o Joe L. Rodery, son of Mrs. L. A. Crency of West Memphis, formerly of Blytheville, recently completed basic training at Parks AFB, Calif., and will be sent to the Far East soon. Airman Rodery who attended Blytheville schools, is with a military police detachment. quarters and Service Company, Sgt. Kizer arrived overseas last month. He entered the Army in 1945 and served hi the Pacific theater during World War II. Melvin Shirl Rogers, son of Mr. and Mrs. Green Rogers, of Yarbro, was enlisted in the U. S. Navy at Little Rock on the 28th of December. Melvin is now at the U. S. Navy Training Station, San Diego, Calif, undergoing 9 weeks of recruit training. Ralph Willingham, son of Mr; Ruby Willingham, 309 N. Ninth, Blytheville, has been promoted to Lieutenant Commander. He is serving abroad the USS Leyte and is now at Quonset Point, R. I. He is a 20-year Navy veteran and is an aircraft maintenance officer. During World War II, he served on anti-submarine patrol out of Trlni- GRADUATED — 2nd U. John W. Everett, son of Mrs. Lavna. Everett of 800 Lilly, Blytheville, recently graduated from the five- month officers basic course at Quantico, Va., Marine Base. He is a graduate of the Naval Academy. ' dad. Pvt. JTeeman Kester, son of Mr. and Mrs. Frank Kester, of ArmoreL, is home on leave after completing basic training a Fort Jackson, South Carolina. He is scheduled to report for airborne training at Fort Bragg, N. C.^ Jan. 28. Make Your , Whiskey OLD AMERICAN I;. JH IMUUM Bismimc to, i«t. run. m FOR SALE GREEN BEETLE CAFE FIXTURES Located at 315 West Main St. This Building Rents For SfiO A Month. Building Can Be Obtained For Operation Of Business. Will Sacrifice Fixtures. For Quick Cash Sale at Oncel Call 3-8468 or 3-8274 daring, "Go-Ahead" line tells the world that her* I" Oldsmobile'B masterpiece I " " ROCKET I=OR EVERY ROCKET., There's an Oldsmobilel for YOU 5 Just look at Ihe style! Try new "Rocket" Engine power! Admire llio luxurious interiors! You'll find that Oldsnioliile (its nil your dreams . . . perfectly! And miglity important to any new car buyer, you'll find an Oldnmoliile that fits your budget, tool Yen, there's a "Rocket" for every pocket! Stop in today and get the figures . . . then lake a drive, in tlm "Rocket" Oldsniohile of your choice Super "88" Series —There'* "flying color" flair—everywhere! Plus the power of the DCW "Rocket" 202 Engin«! flfl Scries—Here you find •II of Oldsmobile's "go- alicad" advantage* in ntyling Mid powar it k>w«*l COM. HORNER-WILSON MOTOR CO. 317 E. MAIN Phone 2-2056

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