The San Bernardino County Sun from San Bernardino, California • Page 9

Monday, Aug. 18, mi THE SUM-A-? Weddings Wall Street Doing Something About Paperwork be cleared in the next several months. Last December a full 47 firms were under restrictions and some very big ones were involved. I have deliberately avoided writing about this story in recent months because I didn't want to risk adding to any fears that some firms might be in such a dreadful mess that they would go under and drag their customers with them. I didn't want to take the chance that 1 might Instead of pleading that trading volume was so unpredictable they couldn't afford to invest huge amounts of capital in new equipment, expert management advice and in training personnel, the brokers went on a collective spending spree.

It well may be that no other industry has spent so much on automation in so short a period of time. Specifically, Wall Street firms are today pouring more than $100 million a year into automating their operations with nearly 300 pieces of hird-generation automation equipment now In NYSE firms alone. Mess of line with a customer's usual trading; a fourth has spent $1 million on an electrical gadget which wipes out sharp ups and downs in the power supply a factor which can create havoc with computer operations. Meanwhile, the total of people employed in Wall Street paperwork has nearly doubled in a few years with the number of college graduates in back offices up 250 per cent just since 1967. The red ink flowing over Wall Street from plunging stock and bond prices, soaring expenses and sagging trading income will dry up one of these days.

When it does, the structure of the firms in whom we trust will emerge stronger than ever before. (Copyright 1969) Sylvia Porter Spending for renting of computer equipment has skyrocketed to more than $62 million a year. The mounting tempo of automation is indicated by the spending percentages: up 41 per cent in 1967, up 54 per cent in 1968, up again in 1969. One firm doubled i investment in computers last year, is adding 50 per cent more capacity in 1969-70; another is eliminating 50,000 manual oj)erations a day; a third has equipment so way out in terms of sophistication that its computer can question any order which seems out Fort White, Fla. The Rev.

David Campbell of New Hope Baptist Church offered a prayer of blessing during the celebration. Berkner, Stocker An afternoon wedding in First Congregational Church Sunday united Marie Lynette Stocker and Wayne Henry Berkner in marriage. The bride, daughter of Dr. Howard 0. Stocker, 400 1 Mountain San Bernardino, was attended by her sister Miss Marta Jane Stocker, maid of honor; Misses Carolyn Stocker, Son-dra Newby and Teri Stan-drich, bridesmaids.

Attending the bridegroom as best man was Clyde Richardson. Ushers were Richard Enstad, Curtis Allen and Richard Stocker, brother of the bride. The couple will reside in La Crosse, where the bride will teach school and the bridegroom will be employed by the Gundersen Clinic. He is the son of Mr. and Mrs.

Cecil Berkner of Sleepy Eye, Minn. If 1 Women Anniversary oi Couple Noted at Patio Party Photo by Cas Sermalc Sirs. Wayne Berkner Downtown San Bernardino 5th District 24 ALA Awards Presented By SYLVIA PORTER Wall Street's paperwork explosion, which in the past 12 months has come close to blowing even some of the greatest stock houses apart, is finally coming under control. The possibility that your stock account might be endangered by errors and failures in your broker's back office is receding. As of today, the New York-Stock Exchange and the American Stock Exchange have put themselves in a position where they feel they can cope with a daily trading volume of 24 million shares.

Actual daily trading has been running around 14 million shares, comfortably below. Last year, the NYSE and AMEX had difficulty handling days on which volume reached 15 to 20 million shares. In fact, Wall Street is bathing in red ink now because our trading has shrunk while its expenses have zoomed. To increase volume, the trading day has been lengthened back to 2:30 p.m. and the odds are that a 3 p.m closing hour for trading will be in force by yearend.

Only 18 NYSE member firms are still being restricted in their activities by the Exchange's governors because of their back office paperwork jams (meaning the firms are prohibited from taking new accounts or they cannot advertise or they must limit their trades per day, etc.) The chances are all 18 will Defense Talk for SBBPWC W. C. "Woody" Carpenter will address members of the San Bernardino Business and Professional Women's Club Tuesday. The meeting will be held at noon at the California Hotel. The speaker will discuss "The Defense of Our Nation," highlighting the anti-ballistic missiles.

Mr. Carpenter served in the U.S. An- Force for 2o years, retiring from Norton AFB as base commander in March 1965. He is presented administrative assistant to the president of Sage's Markets. Son Born To Slickels Spec.

5 and Mrs. Jonathan H. Stickel announce the birth of a son, Donald Anthony, born Aug. 5. The baby, brother to Jack Lewis, is the grandson of Mr.

and Mrs. Oliver A. Jaccard of Ontario and Mr. and Mrs. Loyd E.

Burcham of San Bernardino. Stickel is serving in MR. AND MRS. THOMAS JOHNSON wed 50 years Mr. and Mrs.

Thomas Johnson of 1687 W. 11th were honored Sunday afternoon with a 50th anniversary patio party at their home. Mr. and Mrs. Norman Wilson, son-in-law and daughter were hosts at the party.

Presiding at the refreshment table were Mrs. Marie Aldridge, Mrs. Juanita Love and Mrs. Thelma Robinson. In charge of the guest book was Mrs.

Altheia Alford, who was a visitor from Lake City, Fla. Residents of San Bernardino for 22 years, Mr. and Mrs. Johnson are members of New Hope Baptist Church. He is a member of the Century Club and she is president of the Friendly Ladies Ho-memakers Club.

He is a retired civil service worker. Among out of state guests, in addition to Mrs. Alford, was Mrs. Mildred Bennett of "problem" perspiration solved even for thousands who perspire heavily An antiperepirant that really works! Solves underarm problems for many who had despaired of effective help. Mitchum Anti-Perspirant keeps underarms absolutely dry for thousands of grateful users, with complete gentleness to normal skin and clothing.

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Now I dare write this report because the situation i changing dramatically for the better. What happened? What happened is that Wall Street itself became frightened that it was rushing toward a crisis of its own making that could destroy the whole structure. iAU 1 $2.29 yd. $2.29 yd $2.29 yd. $2.49 yd.

$1.98 yd :30 A.M. 4:00 P.M 1161 )-4lia0-4HH-( -4BBf I REG. SALE i PRICE PRICE I '1" T'i T'J T'i Jumper dressing makes the back-to-school scene something special. Could it be the snappy acrylic Daisy White, national security; Bloomington unit; Lilly Walker, rehabilitation; Clara Thompson, communication. Department citations were given the following units for membership: Redlands, San Bernardino 4 21, Highland, Rialto, Devore, Steele Towne, Ontario, Barstow, Yucaipa Valley, Yucca Valley and San Bernardino 14.

National awards went to Units 14, 106, 112, 262, 299, 324, 334, 421, 422, 426, 700, 710 and 772. Lavina Williamson was presented an Americanism award; Mary Novelli, communication chairman for On-tari Unit received first place for unit reporting and first in press book competition. Mildred F. Ford received her certificate and pin for field service. District 6 CNA Meeting Set Sept, 4 Members of the California Nurses Association, District Six, will meet at 6:30 p.m.

Sept. 4 at St. Bernardine's Hospital cafeteria. Following the dinner, a program will be presented featuring Miss Edith Wenfor who will relate some of the interesting aspects of consideration by the ICN Congress held in Montreal. Reservations should made before Sept.

3 with by calling Sister Placida's secretary. LIGHTING nnnnw LAMPS FIXTURES ACCESSORIES Let Us Help Brighten Your Life ls. Yd I yy li twr I plaid? Bonded with ace-tale for staying power, and buttoned on the double. Or fhe smash of its own cotton blouse? Come see. Navy or greencamel.

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District president Lois Green presided. Juanita Satovich was i obligated to the office of district secretary and past district president Daisy Mon-; duck was appointed department civil defense chairman the ensuing year. Mary Novelli is the new chairman appointed by the department for Patton Hospital with Lilly Walker as deputy. 1 Department citations were presented as follows: i To Hazel Lau citation and award for civil defense program; Clara A. Thompson, first place top winner for district reports and first place for California Auxiliary News reporting.

Janet Burian, a Yucaipa 1 student and junior member of the Yucaipa unit 426 first place in foreign relation doll dressing contest. Scholarship of $800 to Unit '14 San Bernardino for Terria Ann Hunt, a student sponsored by the education scholarship committee. For the second year Yucaipa Valley 426 was named winner of the Ruth Mathabat Memorial Plaque and check for $100, given for the most outstanding unit activity report sent to the department. District chairman receiving citations for 100 per cent units reporting were a 1 i Williams, child welfare; Lois Green, membership; Veda Thompson, legislation, a 1 1 from San Bernardino; Gladys iMerritt, drill and ritual; Ruth music; Ruth Phillips, poppy, Ontario; Florence Jrlarmon, education Cheek Your Dale Book CAMP 7856 Royal Neighbors America will meet at 7 p.m. Monday at the Cultural Center.

All members are urged to attend. i Inland Empire Chapter of American Business Women's Association will meet for dinner at the Mediterranean Restaurant Aug. 26. Following a short business meeting, members and guests will visit Ralph's Furniture and Interiors for a lecture on interior design by Ralph Lonberger. Lonberger, a resident of California since 1921, has been designing home and commercial interiors for 34 years He is a member of Elks Club 836, Rotary International and the San Bernardino Chamber of Commerce.

Members are reminded of the rummage sale Sept. 6 at the corner of Del Rosa and Highland avenues. Articles for the sale may be left with Jessie Caldwell, 5784 Elm-wood Road, San Bernardino. WEIGHT WATCHERS, Some talking, seme listening and 'w a program that works, im frit lrochwr Coll 482-422 Shop Where the Decorators Designers Shop. "The Store the Inland Empire has been waiting for." ANTHONY'S LIGHTING Name the career you want in fashion.

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