Mt. Vernon Register-News from Mt Vernon, Illinois on December 11, 1963 · Page 12
Get access to this page with a Free Trial
Click to view larger version
December 11, 1963

Mt. Vernon Register-News from Mt Vernon, Illinois · Page 12

Publication:
Location:
Mt Vernon, Illinois
Issue Date:
Wednesday, December 11, 1963
Page:
Page 12
Cancel
Start Free Trial

Page 12 article text (OCR)

12 THE REGISTER-NEWS — MT. VERNON, ILLINOIS Many Never See Stocks They Own By AP Business SAM DAWSO.V News Analyst NEW YORK (AP)-The headlines say: Stocks Hit New High. Trading Volume Soars. Cus-i WEDNESDAY, DECEMBER 11, 1963 FOR A BETTER... BIGGER- CBHSIMAS NEXT IEHL OPEN YOUR 1964 CHRISTMAS CLUB NOW! tomers Accounts Frozen When Brokerage House is Suspended. Profit Taking Clips Prices. And yet most of the directly involved may have been seen or handled by ihelr actual owners. Most of the 17 million Americans who own stocks may have theirs in safety deposit boxes, to be sure. But the shares that change ownership over and over in stock exchange trading may never travel further than from one brokerage house's vault to another's. And they make up only a small percentage of the total outstanding, and rucked away. A customer opens a brokerage account much as he does a bank account. He must deposit enough money to cover both the cost of the stocks in which ho wants to trade and the cost of commissions for buying and selling—fixed by the exchanges and determined by the price and amount of stocks traded— and the charge for credit should the customer want to buy on margin. Some customers pay for their stocks and sock them away. Many leave them with thr broker as part of their account without even seeing them. Brokers say up to 90 per cent of the orders to buy or sell are, received by phone from customers with accounts. Usually phone orders involve selling stock held in the broker's vault in the customer's name, or the buying of stocks to be placed there. There are two chief types of brokerage house accounts. —An individual investor buys stock for cash. They must be promptly paid for in full—either out of his account, or by actual currency or check. —Traders buy on margin, as set by federal and stock exchange regulations. The federal rule at present is that 70 per cent must be settled in cash, with the broker lending the extra 30 per cent at a specified charge. Individual brokerage 1 houses often require more cash L than the legal limit. If the price & of the stock should fall enough r to jeopardize the margin, the broker may call for more cash, or if necessary he will sell the stock to protect the 30 per cent credit involved—and the hapless speculator gets what's left. Buying or selling on the exchanges is done this way: The brokerage house phones the customer's order to buy, say, to its trader on the door, who seeks out another broker with an order to sell the same stock. They try to get together on n mutually agreeable price.' Normally, the stock is delivered within four trading days. THE DOCTOR Best (lift for Pedestrians Is to Keep Streets Safe By Wayne G. Brnndstndt. MD. Newspaper Enterprise Assn. The most important holiday sift you can make to anyone is to help keep our streets safe for pedestrians. This is a responsibility of motorists and pedestrians alike. The winter months are especially dangerous for those who travel on foot. Although persons of all ages are knocked down or run over by motorists, more than half of all pedes- stocks irian deaths occur with per- ncver, sons over 45. The majority of all the pedestrians killed are nondrivers. who have no firsthand knowledge of the factors involved in controlling an automobile. For the motorist, good visibility is of the greatest im­ portance. A frosted windshield should be cleaned completely and so should the side and rear windows. Don't be a peephole driver. If your wiper blades smear your windshield, wipe them clean of accumulated grease. If they still smear your windshield, get new ones. In general any blades that have been used for more than a year should be replaced because the rubber dctiorates with time and exposure to sun, wind and grease. Good visibility, however involves more than keeping the windshield clean. You should keep your headlights clean, too. When the sky is overcast or at twilight, turn on your headlights, not just your parking lights. This helps the pedestrian to see you and you to see him. Don't make the mistake of wearing dark glasses at night to cut down glare. What you are cutting down is your ability to see and that could lead to a tragedy. Excessive smoking, drinking as well as fatigue reduce your ability to see clearly. Still another factor is the seeping of carbon dioxide from a faulty exhaust into the interior of your car, especially when all the windows are closed. If the drivers coming toward you at night are using their bright lights, signal to them to dim their lights. Whether they do so or not, you can avoid trouble by looking at the right- hand side of the road instead of directly at the oncoming bright lights. Although any one of the factors I have mentioned might not be serious by itself, a combination of two or more has caused many an accident that could have been prevented. Real love is what makes man do as his wife pleases. Percy Avoiding National Issues £VAPORATElft .MILK 9 r 2 LARGE CANS lis \k GOOD QUALITY I RED POTATOES CHICAGO (AP)-Charles II. Percy, Republican candidate for governor, is continuing to make public appearances but is not referring in any way to national politics, his headquarters said today. Tom Skiles, member of Percy's campaign staff, said Percy has canceled many political activities during the mourning period proclaimed in the death of President John F. Kennedy. Skiles said most of Piercy's nounced that "partisan and competitive" politics has no place in a time of national distress. Skiles said Percy decided to continue with his appearances after William A. Miller, Republican national chairman, issued a clarifying statement concerning political activity. Miller's statement said that suspension of partisan political activity during the mourning period was Intended to apply at the national level and was not meant to limit intra-party discussion and meetings In preparation for primary elections. Skiles said most of percy's appearances are scheduled before civic clubs, service organizations and non - political ti roups. COLUMBIA ECUMENICITV BOGOTA, Columbia UP) — Roman Catholic theologians met here with Lutheran churchmen from nine American countries to discuss the place of Scripture in the Christian faith. The meeting was sponsored by the Lutheran World Federation. About a dozen Catholic priests took part. FIGHT TB WITH CHRISTMAS SEALS 4 HARRYS SUPER MARKET PLENTY FREE PARKING 1010 NEWBY AVE, PHONE 242-2340 Same Location - 1010 Newby But A New Enlarged Store Store Hours; 8 A.M. to 6 P.M. Except Fri. 8 A.M. to 8 P.M. PUFFIN < BISCUITS 13 CANS $^00 • LARGE HEAD 25 l BO 9 69* SWIFT'S CHILLI LETTUCE 2 For 29* , SNOW DRIFT £ SHORTENING 3 Lge. 24-Oz. QO Cans For | DAIRY BRAND 3 Lbs. TABLE COVER FREE A Handsome And Colorful Christmas Design Plastic Table Cover, A Full 54x72 Inches, To All 1964 Christmas Club Members. KELL The Kell Methodist church had 41 in attendance Sunday. Rev. Watson filled his regular appointment. Mr. and Mrs. Harvey Mount and son, Ricky shopped in Mt. Vernon, Saturday. Mrs. Eloise McDaniel. Vickie McDaniel and Cindy Gaston shopped in Mt. Vernon Saturday. Elmer Hoskin and Toby Hoskin of Beech Grove, Ind." spent the weekend at their home near Kell. Cindy Gaston spent the weekend with Vickie McDaniel. Mrs. Eloise McDaniel was a dinner guest with her uncle and aunt, Mr. and Mrs. Arthur Whitlock. Mr. and Mrs. Grant Teaque of Belle Fouche, S.D., are visiting in the Whitlock home. The young married class of the Kell Baptist church held their annual Christmas dinner at the church this week. The Kell grade school will present their Christmas program Thursday evening. Dec. 19. Miss Evelyn Simmons of Carbondale spent the weekend with her family. Tommy Pierce, son of Mr. and Mrs. Wallace Pierce is not so well at this writing. His mother reports that he has received 201 cards at this time. Sunday visitors with Tommy were Mr. and Mrs. Davis Tate and family of Harrisburg and Mr. and Mrs. Kenneth Keele. A chararvi and shower was held Saturday night for Mr. and Mrs. Jerry Dock at the horn of his parents, Mr. and Mrs. Irvle Dock. . . . Mrs. Lawrence McDaniel, Cor. • CHOCOLATE MILK ». 15 c ^ DEERWOOD YELLOW CREAM STYLE OR WHOLE KERNEL • CORN 2 30 c 3 o«" 25 c P TASTE 'O SEA BREADED • FISH STEAKS It SALTINE E CRACKERS 19' 2 Lb. Pkg. Thackrey ^ A „ (AIH INSUIANCI 2600 B'dway Dial 242-1421 Home or OfHcn 242-4837 Stats Farm Life Insurance Company, j ^ Horn* Oltlct; 8l<Jomlngton >U !moH» I W SUNKIST ORANGES Doz. 39< 4 4 4 FLA. PINK 5 Bag 49* Lb. GRAPEFRUIT 5 For 35*< 2 BotHes 29^ 4 4 4 PILLSBURY'S BEST FLOOR CHASE & SANBORN COFFEE LIBBY'S 55' FOODCRAFT CUT COMO S 2 30 c 3ons r 25' TOILET TISSUE 4 Ro "23* YELLOW SPANISH 3 & 19' J HOME STYLE 4 2 Loaves Jfjf ^ KILLED MEATS IN SO. ILLINOIS 4 FRESH HOME KILLED BEEF HAWKINS KORN KRUST BREAD LARGEST SELECTION OF HOME FRESH HOME KILLED PORK PORK SHOULDER STEAK 2-75* FRESH PORK SHANKS * 15* COUNTRY STYLE PORK SAUSAGE 2 Lb ' 49* FRESH SIDE PORK SLICED 3 Lb,$ 1°° CENTER CUT PORK CHOPS *69* FRESH PORK HAM ^ L „ 59' BONELESS TENDER PORK LOIN u >89* FRESH PORK SPARE RIBS u.ft BULK MINCE MEAT BAR-B-Q FRYERS BAR-B-Q RIBS FRESH OYSTERS BRISKET BOILING BEEF U9* FRESH GROUND HAMBURGER 3 Lb ROUND 0R SIRLOIN STEAK * 79* RIB BEEF STEAK u, 65' FANCY T-BONE STEAKS 95* FRESH GROUND BEEF CHUCK u 55' FRESH BONELESS STEW BEEF ,, 59* BONELESS BEEF ROAST " RUMP OR SIRLOIN TIP 4 4 ShrJ. Wi?P L0GNA - SPICED LUNCHEON— rIGKLE LOAF SWIFT'S SWEET L ,49' RASHER BACON 2 Lbs 85* SWIFT'S BROOKFIELD CHEESE SPREAD 2 BO ", 69' HARRY 'S HOME MADE HEAD CHEESE L , 35' BLUE BELL LARD IVz Lb. Pkg. SOUTHERN GOLD OLEO 3 lbi 49' HARRY'S HICKORY " " SMOKED BACON .1 Lb. Layer Sliced -49< HARRY'S FRESH BAKED HAM , u 59'}

Get full access with a Free Trial

Start Free Trial

What members have found on this page