The Piqua Daily Call from Piqua, Ohio • Page 11

Mirror Wall Street Beginning To Wail Plaintive Tone By JOHN CUNNIFF AP Business Analyst flnancial community mid-1950s that talent syslems and methods peared. So now there's a gap in outdated. How could 1890 mclh- i NEW YORK (AP) WalljouWatcI Slreet sinks under a sea of pap- ods record the business of mu- erwork its wails have a plain- lual funds, whose assets had ris- iTiiuot; daacia imu ris- Mnnv hwiVamnn was lt at tt another broker" thi A more realistic answer is ithat (he brokerage business ever. True, not all could have handled by old methods except foreseen the causes ot the paper for another factor- This was glut-the growth of and it multi-i that the brokerage busini ers, the performance cult, the plied many limes the impact of forecasting the boom it speculation. But there were this stockholder growth ol1ler industries, failed to pre warnings.

Performance means a porlfo- are for its own Hav 'ng sold To say that paperwork is the lio always must show the best ldoa of stock ownership, i culprit is to say that nobody is record. Funds and (rusts once len couldntt deliver the goods to blame. But a lot of people be- bought stock and left it idle in Jicve that mismanagement isivaulls, confident that some year one of the real reasons Walltit would begin to grow. Now Slreet is so dangerously snafued such slocks might be sold in a in bookkeeping that it must cur- few months if they don't ner- iail its hours. For years the exchanges promoted the concept of every form.

This soaring business--more than 21 million shares on (lie American a stockholder, and New York Slock Exchange in now there are 24 million of them, a 250 per cent jump in one decade. They encouraged institutions--funds, insurance losing bookkeeping control. Why companies, banks--to use did they permit this to happen? facilities. Answers are freely offered one day--leaves many brokers almost hopelessly outdated, and some are in serious danger of losing bookkeeping control. Why At the same time, brokers emphasized sales rather than Here are a few: --This business is a paper iuuii.i i --iiu: uuajuejs is pautj service.

Front offices were pol-jbusiness and always will be. It Ished. Backrooms, aptly called can't be fully automated. cages, seemed like stage settings, wilh green eyeshades, sleeve garters, spittoons and metal-shaded light bulbs. With the arrival of the volume can a machine, even an educat ed machine, tell the difference between a stock and a bond? --Wall Street laid an egg in 1330s and so it didn't attract business it had hustled to at-(new blood.

It wasn't until the Stocks Open Mixed Today NEW YORK (AP)--The stocklProctor Gamble market was mixed in fairly ac- Weslinghouse live trading at the opening Monday. Most changes were fractional. Xerox lost IVi at 320. Opening prices included: Cox Broadcasting, otf at Ilobart Eckcrl Packing Inland Homes Beatrice CBS Cox Huffman 37'i 43 26H 60; A. J.

Industries, up V4 at Occidental Petroleum, 11 01 67 Vi 3714 Bid prices for stocks not Irad- V. at Schenley, up al CBS CHOCKS not i 4.8V4; McDonnell Douglas, off ed and over the counter at 59; and International Telephone, up 5s at A few more stocks rose than fell, and the New York Stock Exchange index was up slightly. On Friday, The Associated Press average of 60 stocks fell .8 lo 342.J. NEW YORK (AP) Stocks: Alcoa 69V4 American Airlines 2714 American Tel Tel 5QVV Armco Steel Bethlehem Steel 30Vt Dupont 161 Vt Firestone Ford Molor 55 'A General Electric 89 General Precision 48 General Motors 81'A Goodyear 55 VI Kroger Co. 29 Valley Stocks Furnished daily al 12 by Greene Ladd.

Cont. Corp. Champion Paper Copeland D. P. 4 L.

M. S. L. 35V Monarch 42 Nat. Cash Reg.

14S Markets Cash Grain Prices As Quoted By S. J. Rudy Sons, Inc. al CovingloD Wheat (bu.) 1.15 Corn (shelled delirered) 1.00 Corn (shelled wgt. per bu.) .97 New Oats (bu.) .63 Soybeans 2.56 As Qnoled By Landmark Grata Elevator Wheat (bu.) U6 New Wheat (bu.) 1.14 Corn (shelled delivered) 1.00 Corn (shelled wgt.

per bu.) .97 Soybeans (bu.) 257 Oats (bu.) .69 Egg Market PonJfry Producers Association noon 'Jumbo I Large A 60Ts! Medium A 30 i Box 3, Versalllei, Ohio Poultry Dressed (Light) Fowli (Live) Light Fowls 41-42 34-3, 27-28 18-19 20-2 5-6 DAILY ACROSS CROSSWORD ll.Xear:jxx!t S3. Knlght'a weapon 23. Girl's name H.VegetaHo 15. lawyers' patron saint 16. Insect IT.Huaio note 1 Current degree DOWN I.Infants 3-NoUeveJ S.rlcxus pudent talk S.

Attempt Big-hit la SO. Arrowroot Sl.Ina scornful fashion 34. Duck 25. Starker 3T. Malayan dagger 99.

Lubricating 02. Substance in shellac 33. Measure at 7. Suspend 8, Cuckoo 6. Concava moulding 1 10.

Subservient 16. Refrain from the BSCOf pronoun 27. Clothes. pins, for example 2B. Quadrant 30.

Religious devotion 33. Couples 36. If erganscy 37. Folds over 38. Birda 40.

Wing 41. Blue grass 4T S4. Conjunction 35. Public notice 36. Perched 7.

Volcanic rock 39. Florida resort 41. Covers, with asphalt 4S. Whiter 4 3. Uncovers 44.

Cabbage salads 45. DAILY CBiTTOQUOTE--Hero's how to work it: A I A A I 1 One hller stoiply stands for another. In this sample A la sea lor the Umee Va, for the two O's, etc. single Jettors, atxa- trophies, the length and formation of the vrorus all tach day the coda letters are different, A Cryptogram Quotation TO I 2 tS7ptoqootc: SUCCESS WM, POPULARIZE TUB GBOSSEST DoctorTo Work In Puerto Rico Hospital On 'Vacation' VERSAILLES Like the Darke County doctor, Dr. Dale mailman who took a walk on ils day otf, Dr.

Delbcrt D. ilickenstaff of Versailles, will a working vacation by being a doctor at Caslaner Hos- pilal, operated by the Church of the Brethren in the central part of Puerto Rico. He will do general practice there from June 17 until July 15. Mrs. Blickenstaff, (wo of Ihe to the hospital.

The youngster tAUGH IT OFF 'arker, of New Madison. During the months of June and July '68 Methodist Conclave Opens LAKESIDE, Ohio (AP)-The annual meeting of the Norlh- East Ohio Conference of the former EUB conferences In Harley G. Petersime to Harland F. Petersime et al, lot, Piqua. Josep E.

Groff by adminis- Job wilt be Just for tht summer. We don't want certain taking vacations." United Methodist Church opens Ohio. here today and will end Friday. More than 1,200 ministers and Most of the legislation to be considered by the delegates will Blickenstaff Tnn a a ministers and considered by the delegates will BUcKenstaff cluldren, Jon and, aymen rom Methodism's Ohio be prepared in sectional meet- Johllen, and Gunnar Aren, an East area will be attending the ings in which reports ot more exchange student trom Sweden, first conference session since will accompany Dr. Blickenstaff "the union of the Methodist and the Evangelical United Breth mf U1IHCU will work at the hospital, doing ren churches last April various jobs.

Dr. Blickenstaff They will be voting on plans than 50 boards and church institutions will be studied. Bishop Francis E. Kearns Canton, administrative anc leader of the Ohio Mondoy, June 17, 1968-PIQUA DAILY CAU-1 Real Estate Transfers Millard E. Wolcott et al to Rebecca Ann Weingart, 64.857 acres, Brown Twp.

Rebecca Ann Weingart to Mil- wuux.fr viiwji uj' aUliniUS- linn iTcuigeiii mil- tralor to George M. Barnett et lard Wolcott et al, 64.857 al, 2 lots, Piqua. Nicolas P. Groff et al to George M. Barnett et al, 2 lots, Piqua.

Ralp Groff et al to George M. Barnett et 2 lots, Piqua. Irvin Grolf et al to George M. Barnett et al, 2 lots, Piqua. Margaret Lamping et a) to George M.

Barnett et al, 2 lots, Piqua. Livingstone Development Co. to Mid-Continenl Properties, Inc. 3 lots, Troy. acres, Brown Twp.

Edward Cray to Kora M. Gray et al, 6 plus acres, Monroe Twp. Cleo W. Elifritz to Opal F. Davidson, lot, Kessler.

Cecil R. Skenes et al to Lora Lou Stiles, lot, Troy. Carles A. Cox et al to Lawrence T. Fox et al, lot, Piqua.

Mary Ann Dawson to William L. Moyer, et al, lot, Piqua. Edward A. Malolt et at to Jon Neil Malott et al, lot, Flet- Samuel Carmock et al to Paul cer William A. Smith al to Den- Ivie subdivision, Betel Twp.

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