Redlands Daily Facts from Redlands, California on November 6, 1958 · Page 9
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Redlands Daily Facts from Redlands, California · Page 9

Redlands, California
Issue Date:
Thursday, November 6, 1958
Page 9
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stock Average Has Doubled Since Oct. 1951 By ELMER C. WALZER UPl Financial Edifor _ NEW YORK (UPl) - The industrial average has doubled since October ol 1951 while investment club membership in the National Association of Investment Clubs lias risen more than' 1,000-loUl in tluU same period. And Jicw clubs arc joining at the rate of SO a month, the Asw- ciation reports on the eve of its eighth annual convention to be held in Chicago. Back in 1931 four investment; clubs with 40 members met in I Detroit and founded the national! association. Today their member- j shin is -15.000 in 3,427 clubs. And since it is estimated (hat; only one out of every five clubs! is. affiliated with (he N.A.I.Cj there probably are 17.135 invest-] racnt clubs with 225,000 members | in the United States today. | Investment clubs are small 'groups, usually 10 to 15 persons, organized to invest in securities on a pool basis at an average rate of around $10 to $15 a member. They not only join up in the great peoples capitalism mo ^-e- ment but they also have an opportunity to study markets and economics generally. The association clubs these principles: Russ Airline Jets Off To Fast Start Democratic Sweep Why Did Pasternak Novel IL-IS MOSCOW: Resembling the Lockheed ..Electra, this four-engine turbo-prop lias plush passenger facilities often lacking on previous Soviet airlines. AN-10 UKRAINE; Another four-engine turbo-prop, this aircraft can caiTy up to 125 passengers at 400 miles an hour and land on short rumvays. By DOUGLAS LARSEN NEA Staff Correspondent WASHINGTON - tNEAi -The follow I 'ifussian civilian .jet age has a!-, ! ready taken off smoothly and is Will Halt Benson Farm Policies WASHINGTON (UPl) - A Republican farm belt senator pre dieted today the Democratic congressional sweep will halt Agriculture Secretary Ezra Taft Benson's drive for further reductions in federal farm price supports. The Democratic victorjes, cutting heavily into Republican strength in larm belt stated, will mean '"as far as Congress is con cCrned, a change in attitude toward farmers," said Sen. .Milton n. Young iR-N.D.). Young, a frequent critic of yd- ministration farm policy who becomes second-ranking GOP member of the Senate Agriculture Committee after the defeat Tuesday of Sen. Edward J. Tiiye (U- Minn.), told United Press International: "There will be no further reduction in i^arm price jup- ports." Sees Bolstered Prices Rep. W. R. Poage (D-Tex.), senior Democratic member of the House • Agriculture Committee, said the election results should make the next Congress "more inclined" to bolster farm prices. Poage, reached at his home in Waco, Texas, said he belie/cs^ Democratic farm leaders •:nl\: 1. Study and Icani how tn sc-|Well on its way to safe cruisiuf? led companies growing faster :alliludc. than their competitors: 2. Jnvcsti U.S. commercial jet travel in rcgulariv each month regardless'flie other liand is just beginning a of the "market outlook; 3. Rein-isomewhat labored takeoff. And it vest earnings for compounding.;"'ill be sc\eral years before it is and 4. Divorsifv to protect their i securely airborne, inve'itment " I T'''' difference is the heavv load ^Growtl> Rate Consist.,nt \f '^^^^ " ^i'lion doi- The rate of growth ha.s been"."'f^ "";,U-S. a..-mcs must; consLslent and il^s noted that Ihci^^^f. f ^? they bcgm offering market decline from the middlci^^'^lJ'^t Venice to U.S. cusomers. of 19.57 (0 the spring of 1953 has' ! "•^"''"'^^ pubhcat.on no adverse effect on the existence;^"'"'"''. of clubs. t a few sliort years, un Cause Such Frothings? NEW YORK (UPD-This Russian novel, "Dr. Zhivago," the one that won the- Nobel Prize. What does it have to say thai could cause such frothings of hatred and indignation in the Soviet Union. Only 200,000 copies of Boris Pasternak's book have been printed so far in the United Slates so it tigurcs that only about 1 out of 800 Americans have read it., For those who haven't: turns to iMoscow after being wounded in army service, Pasternak writes: "His friends had' become strangely dim and colorless. They had been much more vivid in his memory. He must have overestimated them in the past. Under the old order, which enabled those whose lives were secure to play the fools and eccentrics at the expense of others while a nja- jority led a wretched existence, it had been only too easy to mis- Redlands Qaily Facts Thursday, Nov. 6, 1958 - 9 "Dr. Zhivago " is the story ofiake the foolishness and idleness! a physician, a sensitive and well i of a privileged minority for gcnu- educated man, whose life disinie-!lne character and originality." grated in tlie chaos that followed! Sums Up Feelings the Bolshevik Revolution in 1917. Most readers will find it heavy going. It is a rambluig book in the sweeping style of Tolstoy's "War and Peace" with a bewild ering cast of characters. Its plot line is hard to follow; Zhivago's love of three women rather academic. Recites Post War Events What must make it "treason able" in Communist Russia is its absolute candidness, its honesty, its calm recital of shattering events and scenes from Moscow and in the Urals in the years aft- 'er World War I. Pasternak Says Nobel Award Was Toliticai' JIOSCOW <UPli—Soviet author Boris Pasternak said today in the Communist newspaper Pravda that he voluntarily turned down the Nobel Prize for literature- he- cause the award "a political measure." He said in a letter to the odilnr that he (ir.'=t "rejoiced" on learning he had been nominated for the prize and accept-'I the honor as a literary distinction. But Zhivago's feelings later arc summed itp: , 'and not loving," she replies. "Ml •i don t know; a movement customs and traditions, all mir more self-centered and more re -U, moved ism. Everyone 15 worrieu , oniy into dust in the general upheav: about lirovmg himself mpracti-and reorganization of soci-tv. The cal matters, and as for the men ,v],o)e human wav of life lus in power, they are so anxious toibeen destroyed and ruined." establish the myth of their infal-j ^nd Khrtishchev and Co, could ,ved from the facts than Marxl ^J'^J^^' ^!^^^,\Z^ Everyone IS ;vorned , on y j^st in the general upheaval libility that they do their utmost to ignore the truth. Politics doesn't appeal to me. I don't like people who don't care about the truth." Pasternak's book has. a recur„ , , theme, but it is,hon,e in anythin? except change n the reader were not award more an'exposition of the frus-jgnd turmoil, the'y aren't haow what a furore Pasternak s work trations of attempting to lead ai„,iti, anything that's nn less than certainly take e.vception to one of the final passages; "In all this time something def- •inite should have been achieved. But it turns out that those who inspired the revolution aren't at , ,, . . ihas wrought in the Soviet Union, simple life. In one passage, Zhi-U wnriri cfaln Vm- ihom franci- of merely resisting Benson s pi 'o -;tiie book particularly anti-Corn. TU-104: Russia has 40 of these twin-engined pure jets alrpridy in operation -.vith her civil airline, Aeroflot. These"organizations are listed:™cumto-eti by the neces.sity to, U.S. airlines for the past 10 years, sians have four types flying, from every state of the union, lefm its own way, AeroUot, thej In the process of making this The TU-114 has lour of the ~' orts: world's lareest proD -iet eneines ! ... . , . , - ^ - through tiie is said to have a speed of about!'^fbaHoting and said he saw no National Association clubs cur-ll'^at ^f.PPea_i'_ to_ nv^al^ _the_be_st _ and light metals GOO mph and to carry up to 2nQ\^'''}^^^^^.P^ ^^'^^ posed changes in present law. Reviews of the results in Tues- ilday's balloting in congressional districts where the farm population amounts to 5 per cent or more of the total indicated rising Democratic strength in rural areas. Disagrees With Benson .•\ check of 55 usually closely- canfested house districts with 5 per cent or more farm population showed Democrats winning 23 seats in the 1954 elections, 32 in 1956, and 4 Tuesday. Benson insisted in a post-election statement Wednesday agii- j culture was not a prime issue in rently hold 3,500,000 shares, val ued at S30 million in more than 3,000 companies. Monthly they are adding $750,000 of securities. If this were projected to the the West and have begun to ex-lhas finally been discovered by the lend their air roiites to all parts'" ' " iof the world." Pullman "Aeroflot already, goes to 16,and cast jpassengers. It is also reported to Reds. This is in sharp contrast lo'have private cabins, a restaurant their former practice of using'and movie facilities. estimated total membership in alllcountries mitside Rus.sia and is;aircraft." parlor car furnishings | iron toilets on their civil' investment clubs, including those !!"is'ly trying to extend jet serv- outside the association, the hold -j 'ce to many more, including ihe ings would work out at 17,.500,0fl0 shares valued at $p,000,000. U.S. It has 53,000 route miles over foreign countries. This is almost Russian .jet and turbo - prop planes stack up well with their U.S. counterparts in performance and design. The present TU-104 The IL-18 Moscow the U.S. Lockheed Elect'ra. It has ministration farm program. munist. When, for example, Zhivago rc- But Young said in an interview the returns "clearly indicate dissatisfaction with Republican farm resembleslpolicies." vestment. Most members prefer j "^"^^ ' listed shares, although nearly every club holds over-the-counter securities. Tlie association in a recent survey found that most people join investment clubs for 'the opportunity to learn about securities." The Soviet lead in jet flying was!now m service.' about 500 mph, carries 70 passengers and has a range of about 1,600 miles. There are about 40 gained by their decision to jump from the use of old two • engine pistol planes to jets and turho- props—propellers turned with jet thrust. They skipped the whole generation of big four-engine prop NEW YORK (UPl) — troublesome medical question concerning the habit • forming power (if anyi of the commonly used "happy pill" has popped up again. The poppers this time A considerable nurfiber rate a;P'a"g''^ which have been used by chance to develop a security ac-j '. count as their greatest interest and about one-quarter say^ ;he clubs' social aspects are most appealing. Big Factor In Market As these clubs grow and grow tlicy become a bigger and bigger factor in the stock market. They maintain their operations regardless of the trend of the market and thus help sustain its values. In addition to learning about stocks and bonds, (he club members get a liberal education in economics. And this education in turn gi'.es them a broader knowledge of *he capitalistic system, and closer to home they get information im how to conduct their own family finances. The agenda of their eighth annual convention to ber held Friday and Saturday includes such topics as How to select stocks, how to get the most out of a financial report, legal and tax problems, and accounting problems. naticnt who had the habit in a bad way, and no mistake. But he was a ."ipecial person as regards habit - forming. He had been addicted twice to drink. The first time he broke .it with the aid of Alcoholics Anonymous and the second time with the help of the "happy pill," and once to the narcotic drug in prescription sleeping medicine. This caused his medical men to feel a person who had ever been addicted to anything, ran a In addition, a group of experts :^S ''[o 'L'"L ™y 'or'" TlS 'trt^^'Z-:^- I 'Sd 'lharforlKf -pciSn^ dress the various session.-^ on,.. ,^ ,, ,,. /. fj^g„j.igl|it probably was non-addictivc. lour engines, a speed over 3 0 0 mph and is being built to plush U.S. standards in the way of passenger facilities. Flying Whale is the name of the AN-4 two-engine turbo-prop. It is a cargo plane with a 30,000- pound carrying capacity and can fly 345 mph. The AN-10 Ukraine is a four-engine turbo-prop which can fly 400 mph with' a 50,000- pound payload. It can carry 125 passengers and land on short fields and grass runways. Envy of these planes by U.S. commercial airlines is mostly based on the fact that Aeroflot is not going into debt to get them. A group of Scandinavian Airline System engineers made a careful evaluation of the Tu-104, tor example. They concluded that r.o commercial airline could afford to The I University of Utah Medical School; operate it. It uses too much fuel Big brother to the TU-104 is the four-jet TU-llO. It carries 100 passengers, has a range of 2,200 miles and flies about 515 mph. It is roughly equivalent to the Douglas DC-8 and Boeing 707 jets. In the turbo-prop field the Rus- Happy Pills May Be Habit Forming, Study Reveals has confessed to "growing uneasiness and dissatisfaction" with meprobamate in drinking patients. It delegated Drs. Beverley T. Mead and Robert C. Mohr to and is too expensive to maintain, they found. Iraqui Envoy To Be Tried BAGHDAD, Iraq (UPD-Abdul Salem Arif, Iraqi ambassador to West Germany, has been arrested here and will be tried on charges of conspiracy against the security of the fatherland, it was announced today. Arif had been linked with Premier Karim KaSsem as a hero of the July 14 coup which overthrew King Faisal. He later broke with Kassem over relations with the West. Arif was considered ex tremely pro-Egyptian. Kassem, as commander in chief of the Iraqi armed forces, said Arif, a retired staff colonel, had arrived in Baghdad from Bonn without permission and was arrested because of repeated attempts to disturb public security. were two medical men with a (detail this in a report to the New timely business and topics. These clubs are pcttin.s to he big business for the financial world. KEOS FREE PRIEST , BERLIN ' (UPl) — The Rev. Huso Hermes, a Roman Catholic priest sentenced to 16 months in an East German jail.last month, hag been released unexpectedly, the Catholic weekly Petrusbaltt reported Wednesday, It said Fa Hier Hermes, of Bad: Koesen, had been convicted of possessing. Roman Catholic literature provoca' tjve .to the Communist East Get' man regime. You'll Find a Ready Market Thru Fast-Acting Facts Classified Ads are written for tense, non-relaxing persons who often are" addicted (in one degree or another) fo ;aIcoholie drink and to knock- tout medication at bedtime. This habit-forming question has been bedevilling doctors since- the drug came into use about four years ago. Too many persons have taken too much of it for it to be obviously and clearly addictive. Some authorities, have de- hied' flaitly'that,jt is. Now the medical staff of the Veterans. Hospital at Salt Lake City; which is affiliated with the GOOOl England Journal of Medicine. Their addicted patient had all the classical symptoms of any drug addict. In order to get the same effect, he had to constantly increase the dosages. When he tried to give up the drug, he had e.-itremely unpleasant physical re- actioTis, including the "grand mat" convulsive seizure which is among Ihe most unpleasant. He had to be hospitalized and doctors broke his habit by cutting lus daily doses gradually. "Addiction to meprobamate, though infrequently reported, is a very real possibility and deserves i increased concern." Mead and Mohr reported. "i\IeprobamatC| should be prescribed with extra caution to any patient with- a his- The comllionly , used "happy pill"- is made of meprobamate. r ^;o ^i:rtnia ;"^^?h :b^-ji^'--''- - trade - names, "Miltown" and "Equanil." These prescriptions diction. They thought it a good drug, as a muscle relaxant and mild sedative. Toxic ^fffects'such as skin eruptions have been remarkably few. But it is a potent drug and the idea that it is harmless, which is held by many doctors and most laymen, is not justified. This idea lias led to a suggestion that it could be sold without prescription, like aspirin, "indeed, it is quite evident that many supplies of the medication are being obtained > witlwut prescription," they added. And this permits some people to trade one addiction (to alcohol) for another addiction (to meprobamate). 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