Dixon Evening Telegraph from Dixon, Illinois • Page 14

'Kf PR E- INVENTORY WAREHOUSE CLEARANCE WORLD CHESS CHAMPION Boris Spasskv checkmates a slice of melon during a tennis session in Moscow. This is the U.S. champion Bobby Fischer is so anxious to get at. D-J averages stuck By JOHN CUNNIFF AP Business Analyst NEW YORK (AP) In the past six years man has assaulted height records of various sorts. He has topped 18 feet in the pole vault, erected 110- story buildings, sent instruments toward the stars and stepped on the moon.

But in that same time the old Dow Jones Industrial Average is stuck right where it was in 1966. It has bounced about during this time, shaking loose a few fortunes, but its rebound is like that of a worn tennis ball. It reached 995 in 1966 and then tumbled to 744. It crawled up to 985 in 1968 and then fell to 631. It rebounded to 950 in 1971 but plunged again to 798 in the same year.

Once more it is back close to 970 but there again the seems to have stalled. Early in the week it read 957 and some of the stock market letter writers were showing the strain. As explained by one, James Dines, the market has once again reached that point where analysts are just getting too bullish. So watch out. and with the DJIA now in the area just under the magic level of 1,000 which has spawned so many bear markets, a market correction cannot be ruled When the DJIA nears 1,000 there is a distinct, observable shift from confidence to caution and this time for a number of reasons.

Those hefty corporate profits on which many investors base their hopes are now somewhat suspect. C. Jackson Grayson, Price Commission chairman, observes that some are illegally high and will result in rebates. That war in Vietnam that so many analysts wanted to write off as a significant factor has now reached a pitch that cannot be ignored by Wall Street because of the threat of significant policy changes. And those mutual fund redemptions.

For quite a while most analysts ignored the repeated news that fund shareholders were cashing in their chips. Temporary, they said. Now they are not so certain. The redemptions continue, suggesting that the great growth We Treat You days of the mutual fund industry may have ended. That means a loss to the market of a steady flow of investment dollars to support prices.

All these factors can take on a different meaning over coming days and weeks. Not only will the events change but, in a mystifying way, the interpretation of events might change also. Our pharmacy open 7 days a week. Brooks Self-Service Drugs, 288-3339. adv.

ROYALLY! WEEKEND SPECIAL OLD MILWAUKEE 6 95c Carton 95c Plenty of Free Parking PACKAGE PALACE DIXON. ILL. BOONES FARM WILDMOUNTAIN GRAPE WINE 5th PHONE 506 CHICAGO AVE. SPRING SPECIAL YOU BUY A MOWHt- WESPRMGF0R THE ELECTRIC START ANDTHEFERM cut the price. On the 21 -inch Toro Guardian that has it all.

Like front wheel drive. For exceptional maneuverability. Even in a self-propelled model. And safety features that meet or exceed government safety standards. Including a stop switch.

Deflector bar. Blade guard. And safety shield. Safety features that make it almost people proof. All that.

And the easy-to-use key Electric Start is free. Tor a dollar more, you can get a big bag of Heritage House Lawn Food. (From any Toro dealer who handles Heritage House Products.) Enough to fertilize 5.000 square feet. But the sale ends April 30th. So better get cutting.

TORO Ip Killmer Motor Sales 2330 West Fourth Street Dixon. Illinois Two gallon GAS CAN LAWN FOOD 5ZS? 20-10-5 Self storing flexible spout 5000 sq. ft. coverage Net wt. 22 lbs.

Limit one Additional $1.69 Limit 2 bags Additional $2.99 2 BUSHEL YARD BASKETS $177 ROYAL TRITON 10W40 All-Season MOTOR OIL IB per quart carry-out Get 5 Qts.for $1.99 Additional 650 qt. T. M. peters Tiratone 108 PEORIA AVE. DIXON, ILL.

PH. 284-6653 ALL TIRES MOUNTED FREE AT TIME OF PURCHASE.