Garden City Telegram from Garden City, Kansas on September 9, 1963 · Page 5
Get access to this page with a Free Trial

Garden City Telegram from Garden City, Kansas · Page 5

Garden City, Kansas
Issue Date:
Monday, September 9, 1963
Page 5
Start Free Trial

PONYTAIL "'' ,, \( / '<'" W/,,.'- o«. **^>" •/ • I'l (C) King Features Syndicate, Inr., 196H. World righH rtwvtd. — *• "\Vhen a grownup does it, it's RELAXING . . . When a teenager does it, it's LOAFING!" Bright Future For Industry Page 5 ftnrtlcn City Telegram Monday, September 9, 1963 By SAM DAWSON AP Business News Analyst NEW YORK (AP)—Stock market price as measured by the three most followed averages have made a new high. So the' ponent. Its 1961 record was topped I hulls at least are convinced that i as t week at 76.65, the 425 stocks sliding Friday to 76.53. Although the Daw-Jones industrial index set a new high last week, only seven of the 30 stocks i made their record lops this year. | Of these two bettered their pre- j viotis marks Thursday, one going stil] higher Friday. All 30 sold below their top prices in 1962. Still standing are historic records set by 8 in 1961; the prospects for industry and trade are.good and getting better. And the public which usually looks to the stock market for such hints is likely to think so, too. Record highs were set Thursday by the Dow-Jones index of 30 industrial slocks and the 30 Associated Press industrials. Standard & Poor's 425 industrials had reached a new peak two days earlier. All closed the week high-'; 4 in 1960; 5 in 1959;" 1 in 1958- er than th e December 19G1 or 4 in 1956; while 1 goes back to January 1962 records. | 1955 for its best days. If these averages are used as | Helping to send the market up a measure, the stock market had j have been: hopes of tax cuts erased all of the losses in the I better than expected business troubled first half of 1962, includ- .gains, rising earnings and dividend ing the steep drops of late May | payments, and above all the in- and June. I creasingly available money for B,ul many individual slocks had stock purchases by pension, trust not. And some industry groups and mutual funds, and by 'banks were still depressed. A lot of the and insurance companies, bluest chips are still below their record highs, some well below. So your view of the market is either exuberant or disappointed, depending on what stocks you own (and when you got them). The Dow-Jones industrial index had dropped 199.15 points, from its old high of 734.91 set December 13, 1961. to a June 1962 low of 535.76. By Thursday it had bounced back 202.22 points to 737.98, and Us Friday closing at 735.37 was still ahead of the old mark. The index is weighted to-allow for the many stock splils, substitutions and other changes in the list over the years. The actual average price of the 20 stocks was about $57 in the 1962 low and $73 at last week's high. The AP average of 30 industrials hit a low of 285.8 in June 1962 and was up 110.7 points to its new high of 396.5 Thursday, sliding to 395.1 Friday. There ar e 21 stocks that appear ca " com e to the floor." on both lists. The AP index also I T ! le for mer commander of the is weighted for changes, but it started in 1935 compared with 1897 for Dow-Jones, and so the weighting is less, and the index ligurp smaller. In Washington Push Domestic Service Bill WASHINGTON (AP) - In the news from Washington: DOMESTIC PEAiCE CORPS: The administration is trying to promote Hous e action on its domestic service corps bill by mak- : ing known its willingness to com-' promise. ' Discussions already are under' way, William R. Anderson said i Sunday, on possible amendments! by the House Labor Committee I which may "reconcile some of the areas of concern that have ' been expressed so that a good bill Standard and Poor's intkx began in 1957 and also is weighted for such things as the number of shares outstanding in each com- Pharmacy Phacts From RALPH McCLUNG Occasionally we wonder if we nuclear submarine Nautilus, Anderson is now President Kennedy's adviser on the corps. EQUAL RIGHTS: Rabbi Joachim Prinz, president of the I American Jewish Congress, says the goal of social justice for all • citizens is "the new religious bat- I tie cry." By joining the Negroes' fight for equal rights, Rabbi Prinz told the national governing council of the congress Sunday, organized religion has "vindicated its existence in our country.' 1 WAR EFFORT: A former U.S. shouldn't call our pharmacy the "Everything for Your Health .. Store"? Regardless of the many mll 'tar.v _advisej to South Viet times you've come in our door,; Nam sa 'd today there is a it's quite possible! markej reKielance by the Vietna- j you've never realiz- > mese government and top mili- < ed the great variety tar y advise'-s "to go out and do of health product '* hat is necessary to defeat the we carry for your j Communists" j convenience. I won-1 You -'""'* win a war that | der if you could pos way," saH !• Col. John Paul sibly know of the literally hundreds of specialty items Vann, now retired, in a copyrighted interview in "U.S. News & World Report." I we carry, plus the | vitamins, tooth paste and first ... aid supplies? I'm certain you do MlS$ Kansas Given know the real reason we're here; Talent Scholarship ATLANTIC CITY, N. J. (AP) —Karen Raye Schwartz of Pratt, to serve you is our friendly, professional prescription service. In order to fill your doctor's prescription we have to stock thou- wno represented Kansas in the' sands of Pharmaceuticals. We Miss America contest last week, take pride in 'keeping up' with' received a $1,000 scholarship at| all of the new drug discoveries j any school of he r choice. and are always ready to fill your doctor's prescription for them. We have everything you may ..Mis s Schwartz got th e talent! award for being selected as the' most proficient in classical sing-, need in sick room supplies from | ln 8 hot water bottles to the newest : she is a J uni °r at Friends Uni- antibiotics. . . here at McClung versity in Wichita. & Payne Pharmacy, 109 Grant Ave., or just call us at BR 6-6762. —Whether buying 01 selling, use fVlf-aram Want Adil LITTLE LINKS Miniature Golf Course in Finnup Park Now open nightly at 6:30 p.m. Open at 2 p.m. on Sat. & Sun. Oily 25c (or 19 hoi**. SEARS ROEBUCK AND CO. smra i WEDNESDAY NIGHT SEPT. 11th, 6-9 pm » clp A «... 77!4imiversa FREE! ISee...IIear. 't* ••-.........—•• "" FREE to Every Hunter Come In ... get y.our free gun c I e a n in q patches and free gun oil. Nothing to buy, no obligation. You Save at Sears. Ray Hudson and the Western Rhythmaires 7-8:30 p.m. Register at bandstand for 50 autographed copies of Ray's latest recording •JACKHAMMER on Dixie Label REGISTER for DOOR PRIZES Men register for— l$ 50 YOUR SPORTING GOODS* of or CHOICE HARDWARE Ladies register for— Fashion Wardrobe ore Sears MARY LEWIS BLOUSES Assorted Long Sleeve Supima Cotton $| Si«s 10thru 18. •• REINFORCED HOSE 5/8 x 75' 12-Yr. Guarantee $., Reg. 9.99 4.88 FREEZER CONTAINER Pint Size Plastic. Seal- tight lids 7c ALUMINUM LAWN EDGE 4" x 40' Corrugated $T| Hemmed edge I * BOYS' SWEATERS Wool-orlon Assorted. Reg. 5.98 Sizes 8-20. DRESS SHIRTS Tapered Ivy Style Reg. 3.99 $ Sizes 141-16] 12-CUP COFFEEMAKER Toostmaster Stainless Steel Reg. $26.95 PIECE GOODS 100% Gingham Plaids Reg. 59e Yd. COTTON SHIFTS Solid Pastels Sizes S, M, L 74c TOOL ASSORTMENT Your Choice Wrench Sets Screwdrivers Many more. 32c MEN'S TIES Stripes, nears fancies Reg. to 1.50 33c CONTINENTAL SLACKS Wash 'n wear Chevron Cord Reg. 2.49 Sizes 6-18. '1.77 2-PC. FLANNEL SLEEPERS Prints. Gripper top. Plastic soles. Reg. 1.29 77 Sizes 1-6X. //C LADIES SWEATERS Reg. 4.00 Banlon and orlon cardigan and pullover. $ Sizes. 34 to 40 1.99 9' x 12' COTTON RUG 4 colors Plush pile $*|O OO Reg. 17.99. I 3.OO 20' GARDEN HOSE 1/2" size. Your choice Plastic or Neoprene. 2-OT. PLASTIC PITCHER Non-drip pouring. While 1 Q/» 30 last. ' '*• CORD CREEPERS Solid colors Gripper closers. Reg. 1.29 77- Sizes 6 to 12 mo. i i W BAMBOO CURTAINS 30" cafe Valance 77c 36" Cafe 1.22 88c TOILET SEATS Unbreakable white plastic $| QQ Reg. 5.99. Shotgun Shcllt — 12 Guagt Field Load — Star Crimp Special prices in case lots LADIES NYLONS Reg. 1.29 Sizes 8J-10J O OO/» Seamless «J For ff\> DECOR PILLOWS Solid colors. 14" square A A Knife edge. *f*tC BLANKETS Lightweight cotton-rayon Asst. colors. % 72" x 90" CLOTHES BASKET Plastic. Bushel size. Snagproof. 42c SPARK PLUGS Ceramic insulators. Reg. 59c. 37c SHELL VESTS Size 36-46 Reg. 1.98. '1.44 STORAGE BAGS 16 Garments . Quilted Plastic S| Turq. & Pink • PIECE GOODS Corduroy 5 colors. i A Reg. 89c Yd. w*IV TIER & VALANCE 50" x 30" 100% nylon Washable. 77c PLASTIC HOSE 1/2" x 50' 5-yr. guarantee $ Reg. 2.99. 1.44 DUPLEX RECEPTICAL T-Slots Brn. & Ivory Reg. 35c. 15c ANTI-FREEZE Permanent Bulk—your container Limit 2 $•• Gal. Gal. All DOOR BUSTERS 6-9 p.m. Wed. ONLY Some Quantities Limited See the Anniversary Circular for the many outstanding values! It's a Honey of a Sale! 9 BIG DAYS Make a BEE-LINE to Sears for Exciting Values! We'v* been bu$y as honeybees getting ready for our 77th Anniversary Sale ... to give you the sweetest values ever for home, family or car. Follow the swarms of smart shop- pers ... to Sears for this Honey of a Sale! Anniversary Specials Go On Sale Wed. 6 p.m. Wednesday Store Hours 10:30 . 9 p.m. Shop at Sears and Save Satisfaction Guaranteed or Your Money Back 601 N. Main — BR 6-4376 Store Hours: Daily 9 to 5:30, Saturday 9 to 8

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free