Wilmington News-Journal from Wilmington, Ohio • 10

a a a a a a a a a Dally News-Journal Wilmington, Mart's Decline Sets Minds Whirling Does It Mean Break In Economy or Just Return fo Reality? By SAM DAWSON AP. Business News Analyst NEW YORK (AP) -The stock market works on the mind as well as the pocketbook. This year's drop in stock prices of 10 per cent and more leads some to see it as signalling a break in economic activity. Others doubt if it is that good a barometer, holding that the break was really a return to Thursday, April 7, 1960 Ohio reality after a spree. But the slide in prices does affect public thinking.

Many interpret it as meaning: "Those guys down there must have the inside dope." Others are nervous because they recall that in the more free-wheeling past a panic on Wall Street was the first inkling of depression. They forget three things: 1. There has been no panic and no hint of a coming depression. 2. Numerous safeguards on stock trading and on the movements of the general economy now make comparisons with the past of considerable less value.

3. Corporate affairs are much more a matter of public record now than a generation ago when only the insiders had the dope. But the debate over how good a barometer the stock market is of coming business activity will go on for some time. Good or bad, it does affect confidence and spending plans, particularly those 22" CAMBRIDGE MOWER STARTS IN A JIFFY! NO ROPE OR RECOIL WITH NEW INSTANT STARTER H.P. Briggs and Stratton 4 cycle engine 14 gauge steel deck with balfle Controls conveniently on handie Sturdy chromed steel handle 1 Year warranty We Service what we sell Quick height adjustment $59.99 die AS LITTLE AS $7.50 A MONTH.

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Wilmington Phone 2310 Weekly Food Review (By the Associated Fish and fowl bargains will make fine eating this week for cost conscious flock. fanciers of the fine Scallops, shrimp, shad, lobster tails, rockfish, halibut, swordfish, haddock and cod are featured in many stores with the Lenten season approaching its climax. Seafood supplies are plentiful for the most part. As usual, fryers are the most frequently offered "special" item in the chicken line with promotions at stores in the New Eng. land, middle Atlantic and Midwest states.

Fryer parts are boosted in the South and roasting chicken in of businessmen setting inventory and investment policies. A study of past performances of the stock market as a barometer is offered today in the April survey of the Morgan Guaranty Trust New York. It notes that over the years the curves of stock prices and business activity generally have tended to move in the same direction, with the stock curve usually ahead of the business one. But it. warns of two hazards in jumping to conclusions: 1.

The relationship of the curves varies widely in specific cases; 2. There have been false signals in the stock market which business ig. nored. Even in the big 1929 break, stock prices turned down quite a bit after business activity had: The market didn't lead. And in 1945 and 1946 stocks turned down and business activity continued to rise.

As an example of false signals, the survey cites the long price decline in the early 1930s which "was punctuated by a series of revivals, one of which continued for five months and was widely interpreted as forerunner of business recovery until it gave way to another price collapse." A more recent example of the stock market's flunking out as a barometer came in the period from August 1956 to February 1957. The almost continuous seven months decline in stock prices didn't faze business activity. Finally the market reversed itself and climbed back to its previous peak. These admittedly are exceptions to the general rule of the close affinity of the market and business health. But even so the bank economists hold: "Stock prices, being resultant of many diverse forces, are at best a hazardous device for business forecasting; at worst they can be grossly Cleveland Area CD Loses Its Penicillin CLEVELAND (AP)-John Pokorny, county Civil Defense director, said today his organization was forced to destroy 44,000 bottle of penicillin last month because the vaccine had -been stored too long to be usable.

He said the cost would run about $41,000 and that another supply will have to be destroyed in August. Pokorny said the penicillin was acquired by the CD organization in 1952 on the recommendation of the mayor's advisory committee and the Cleveland Academy of Medicine. He said all other drugs -vaccines and anti-toxins are stored in 15. local hospitals. the Far West.

Prices vary from region to region. Other stores feature stewing chickens. A lengthy list of fresh vegetables at bargain prices simplifies menu planning for Jewish families, who will celebrate passover from April 11-19. Although peas, beans and rice are not permitted by dietary laws, other vegetables such as carrots, onions, sweet potatoes, potatoes, broccoli, endive, escarole, watercress, cabbage and lettuce are on the outstanding buy list. Other best buys include asparagus, artichokes and celery, while good buys include snap beans, beets, cauliflower, salad greens, parsley, peppers, radishes, spinach1 and adorn squash.

Fairly expensive tags cucumbers, eggplant, corn, peas and most tomatoes. New supplies of California peas and Virginia spinach will help bring those two vegetables down in future weeks. Oranges, grapefruit, pineapples and bananas continue to head the best buy list among fruits with avocados, chilean honeydew melons, lemons, rhubarb and coconuts rated as good buys. Strawberries and watermelons are fairly expensive. Closer Study Of Unborn Child Urged CINCINNATI (AP) During childbirth, hospitals usually make frequent checks on the heartbeat of the unborn child.

A Yale researcher suggests that may not be good enough. Dr. Edward H. Hon told the American college of Obstetricians and Gynecologists Tuesday night that a machine to record heart action of the unborn child could help reduce the number of children injured in birth. He said his studies indicate a heartbeat count with a stethoscope can be inaccurate.

He said, "One major difficulty is to determine when the fetus is in a poor environment which may death or permanent damage such as cerebral palsy, mental retardation or epilepsy. "Since fetal damage may take place in a few minutes it is possible (using a stethoscope) to miss the early signs of fetal distress so that damage or death may take place between the times when the baby's heart rate is checked." Dr. Hon said he rigged up an experimental electronic heartbeat reand used it in 105 cases where clinical diagnosis indicated the unborn child was in difficulty. He said the small number of patients prevented detailed analysis of his findings. "In spite of many careful studies there is no general agreement as to the significance of fetal heart rate in fetal distress," he said.

Various difficulties can arise: For example, the unborn child may become tangled in its umbilical cord and cut down the blood supply to the brain. Fireblight has greatly limited the commercial production of pears, and in some localities in the Eastern United States has virtually eliminated the growing of this fruit, report Ohio State University Extension horticulturists. AUCTION FARM MACHINERY--FEEDS LIVESTOCK--HOUSEHOLD GOODS MISCELLANEOUS SATURDAY, APRIL 9, 1960 Beginning at 12:30 P.M. LOCATED- -Four miles Southeast of Wilmington, Ohio, mile off State Route 134 on Farmers FARM MACHINERY Farmall Super tractor, in good condition; cultivators; IHC 7' mower: IHC 7' transport disc; Carter manure loader: John Deere 290 planter; 2 bottom 14" plow; manure spreader; Model 25 John Deere 6' combine; 32' Gerlach elevator; Van Brunt 12-7 drill; IHC one row PR picker; rotary hoe; cultipacker; gravity bed wagon; flat bed wagons; drags. LIVESTOCK DAIRY CATTLE- -Two Holstein cows, 5 years old, calves by side; Guernsey cow.

recently fresh, good producer; Jersey cow, 3 years old, calf by side; Holstein-Jersey, 6 years old, calf by side: Brindle cow, 5 years old, to freshen by day of sale. Cattle tested and health papers furnished. DAIRY EQUIPMENT-4 can milk cooler; Co-op compressor and pipeline, two single units. HOGS 40 head feeder hogs. CHICKENS -75 young Leghorn hens.

FEEDS 600 bu. ear corn; 200 bales mixed hay; 50 bales straw. MISCELLANEOUS D-44 McCullough chain saw; 8 single hog boxes; 12 hole hog feeder; 10 hole hog feeder; panels, summer fountain; heat houser; tractor seeder; extension ladders; new rolls of fence; posts; cement mixer; trailer: air compressor; shallow well pump and other numerous items. HOUSEHOLD GOODS-16 cu. ft.

deep freeze; Crosley electric stove; G.E. washer: Modern sofa; Modern three sectional; coffee and end tables; two piece living room suite; "four piece bedroom suite; maple bed, dressers, studio couch; Antique eagle head and claws stand; lawn furniture; two rotary lawn mowers; other miscellaneous items. TERMS CASH MR. and MRS. GEORGE BLAIR RR 1, Wilmington, Ohio Phone: FU 2-7385 Sale Conducted By THE BAILEY MURPHY CO.Real Estate Brokers Complete Auction Service Wilmington, Ohio 62 E.

Sugartree St. Phone: FU 2-2589 Clinton County Court News Action for $600 dismissed: Glenn E. Custis, Wilmington, vs. Frank 0. Smith, Columbus.

Action for $5,000 dismissed: Gloria Miller, Louisville, vs. W. T. Hughes II and W. T.

Hughes III, Wilmington Route 4. Action for $1,000 dismissed: Mancel G. Miller, Louisville, vs. W. T.

Hughes II and W. T. Hughes III. Divorce Geneva J. Sanford, Wilmington, vs.

Ferman Sanford, Xenia; gross neglect and extreme cruelty; married November, 1951, no children. Divorce asked: Alberta Huffman, Blanchester Route 2, vs. Wayne Huffman, Blanchester Route gross neglect; married July, 1950, Wilmington, one child. MARRIAGE LICENSES Grant C. Gresser, 19, Blanchester, factory worker, and Marabeth Adams, 15, Blanchester at home.

James R. Faulkner, 24, Wilmington, U. S. Army, and Thelma 0. Johnson, 23, Clarksville Route 1, waitress.

PROBATE Estate of Charles, L. Cowley, Blanchester: Willard B. Cowley appointed executor. REAL ESTATE TRANSFERS COMMON PLEAS Tyre Garrison to Adina Garrison, 91 acres in Clark Township; 42 acres in Jefferson Township. Edward Giffin to Alden and Cora Hibbard, lot in Blanchester.

Otto H. 'and Ella Frobe to Joseph and Pearl Livengood, 137 acres in Vernon Township. Joseph and Pearl Livengood to Dennia and Alfreda Jenkins, 137 acres in Vernon Township. Roy and Hazel Allen to Wrendell W. and Janice Earley, lot in Adams Township.

Miles Peelle to Eleanor Peelle, 141 acres in Wilson Township. Bessie D. Steele to Dorothy R. Brackney and Frances Dodd, 164 acres in Wayne Township; 3 acres in Green Township. Bessie Steele to Dorothy Brackney and Frances Dodd, lot in Wilmington.

Dorothy R. Brackney to Ernest Dodd, lot in Wilmington. Frances E. Dodd to Richard Brackney, 164 acres in Wayne Township. Dorothy Brackney to Ernest Dodd, three acres in Green Township.

Ruthanna Hadley to Florence Hadley, two lots in Wilmington. John C. and Phyllis Gillam to Raymond and Lenna M. Brindle, one acre in Union Township. Morgan Wierman to John C.

and SEE US FOR: Clover Seed Seed Oats Grass Seed H. A. Barrett Sons Inc. 316 E. Sugartree Wilmington, 0.

Chess Champion at 16! Correspondent BROOKLYN A blond, gangling, 16-year-old boy from Brooklyn may soon become the foremost master of one of the world's most difficult mental activities. He is Bobby Fischer, United States chess champion for the third consecutive year, who, experts agree, has the best chance of any player in the Western Hemisphere of taking away the title now held by Mikhail Botvinnik, 49, a Russian. Fischer, a normal youngster who gets just average grades in school, is himself optimitic about someday winning the world crown. "The Russians have the edge on us right now," he says, "but give us a few years and we'll be better than them. The talented youth, who says he plays chess simply "because I like to," admits that Americans have little popular interest in the game guess we're not artistically but notes that the ancient art is receiving more and more publicity and, at least, seems to be coming out of the doldrums of years gone by.

so amazing," he says, "is that our players are so He rates only Russia as being ahead of the United States. Hungary, Yugoslvia and Argentina, in that order, are just behind us. Fischer became the youngest international grand aster of all time at the age of 15-nin years and many tournaments after his sister, Joan, who was then 11, first taught him the moves. Gerald S. Snyder out for the games and the newspaBy were full of news about the Central Press Association pers Mamie Turner, 150 acres in Marion Township.

and Beatrice Jackson to James Bogan and Thomas Walter, two lots in Blanchester. LIFE FOR PEACE--Dr. Leo Szilard, 62, shown in his bed in New York Memorial hospital, may be giving up his life in the interests of world disarmament. Dr. Szilard, who in 1939, with Enrico Fermi and Hubert Anderson, proved nuclear chain reaction was possible, has been hospitalized more than three months with cancer of the bladder and prostate, and refuses surgery which might remove the malignancy.

He says that if an operation were unsuccessful, it might, further shorten the time he has left to campaign for world disarmament. 3 Canada Ships Stuck In East Lake Erie Ice CLEVELAND (AP) Coast Guard ters reported today that three Canadian vessels are stuck in the ice at the eastern end of Lake The Westmount and the Martin are trapped off Erie, en route to Port Colborne, while the Burlington is stuck 15 miles west of Port Colborne, en route to Ashtabula, Ohio. TAKING to chess like a baby takes to candy, the Chicago-born youth studied all the books on the game (he's now written one himself) and played against his betters until there were no more betters to play against. Fischer entered his first tournament at the age of nine and won the U. S.

junior championship in a walk when he was 13. The next year, he defeated most of the country's top adult players to become the U. S. open champ, and he's been playing at the height of his form ever since. The credit for his success? Chalk it up to plain hard work and determination, Fischer says.

"There's no luck involved in chess. You just have to work at it." He admits, though, that a little talent helps. THE YOUNG Brooklynite has played against the world's best. At his last big European tournament, in Belgrade, some 3,000 fans turned FAMILY HOME EXCELLENT LOCATION This very attractive 7 room modern 2. story home consists of large living room with woodburning fireplace, TV room, dining room, bedroom, large kitchen with dining area and stool on first floor.

Open stairway to second floor which has 2 large bedrooms and full bath with colored fixtures and shower over tub. This home has a partial basement, gas furnace, automatic gas hot water heater, located on large lot with beautiful shade trees. Priced for quick sale with immediate possession. Borton-McDermott Company Real Estate and Auction Sales 214 W. Main Street PHONE: FU 2-2227 PplTY HOPPING EASTER MORNING! Your children will walk with a happy step with Miller- Jones shoes to complete their Easter outfits.

A big selection of quality shoes, with flair and fit. Black Patent, White Smooth, Illusion Heel. A and Widths. 49 Sizes Black and or Brown Widths, Smooth. Sizes 1.99 $3.99 White Smooth, Black Patent.

Narrow and Medium widths. Sizes to 3. SEE the Room' without X-ray with VISUMETER Visual proof Black Patent, Narrow Correct Fit and Medium Widths. 0.99 to 4.99 Children's, Misses and Infants' Free Gifts For The MILLER South JONES Kiddies outcome. The lad from Brooklyn hailed as a hero.

His picture was widely printed and his autographs came into great demand. However, in this country, Bobby Fischer is an unsung hero. Nobody stands in line to buy tickets. There are no fan clubs. Nobody asks for autographs.

Still, the Americans play. Fischer, who plays best of all, pays no attention to jibes which aim to paint chess players as strange or neurotic gestures, the players say, which generally stem from plain anti-intellectualism. Playing chess has helped Bobby Fischer see a lot of the world, and he's still traveling. However, there's one trip he's waiting for most- Moscow and a chance to beat the Russians at their own game. METROPOLITAN hardtop sports model.

Heater, radio, 2 tone paint, white wall tires, oil filter and oil bath cleaner. $1897.10 for immediate delivery. Choice of colors. CHENOWETH AUTOS, INC. 1225 W.

Main St. Wilmington Phone FU 2-2310 SPECIAL NURSERY CHAIR $4.29 Folding Hardwood PLAY PENS $11.95 SCRUB Wide Top TUBS 79c 20 Gal. GALVANIZED CANS $2.98 100 CLOTHES aluminum $2.29 CUSSINS AND FEARN STORE 1085 W. Main Street Phone FU 2-3643.