wwr, LajGrande, Ore., Mon., June 8, 1959 Page 8
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Russian Rocket Boasts Won't
Scare West, General Says
LONDON (UPI) Gen. Lauris
Norstad served notice on Soviet
Premier Nikita Khrushchev today
that the West would not be fright
ened bv his rocket-rattling threats
from Albania.
The supreme allied commander
in Europe, addressing the Atlan
tic Congress, said Khrushchev de
voted his recent tour of Albania
to engaging in the "not very
subtle game of brandishing the
Soviet threat of long range wea
pons." "These efforts to bring pres
sure on our staunch NATO mem
bers will, I am confident, only
reinforce the will' of their people
to decide for themselves, in the
light of their own national inter
est, what they must do about
o
(7-)
RANCH LOCATIONS Road signs to assist travelers in finding Union County ranch
t; ers are being installed this month by G range members. Placed along Highway 82,
the signs indicated how far each rancher is located from the highway. Assisting
Jwith the project are, left to right Noel Scott, Master of Cricket Flat Grange, spon-
sors of the project; Bernal Hug; Henry Weatherspoon, Master of the Pomona Grange
v ' and Francis Miller. (Extension Service Photo)
Shares Added To Social Security
Make Retirement Income Higher
By ELMER C. WALZER
UPI Staff Writer
NEW YOIIK (UPI)-You may
be richer than you think, thanks
to social security, says a noted
mutual fund company.
If you earn as little as $80.77
a week you ae building up a big
annuity through your weekly pay
ments deducted from your pay.
:"' Hero is the way tho firm of
Hugh W. Long & Co., sponsors of
Diversified Investment Fund, fig
lire it out:
'. VA 65-year-old man would need
about $17,700 to buy an annuity
that would pay him as much for
life as his $116 a month from so
cial security,
- '"A couple, both age 65, would
need $28,750 to buy life annuities
that would pay $174 a month as
long as both lived and $117 a month
to the survivor.
"In both these cases, they would
be using capital. When they died
payments would censo and the
policies would have no residual
value." . . . ' n
Is Social Security Enough?
If one wanted to have the in
comes described from cnpilul that
would not be consumed, the single
man would need $.14. WW at 4 per
cent and the couple would need
$52,200 at the same rate of In
terest. Admitting that social security
benefits are a valuable foundation
for a retirement plan, the Long
firm in its publication "The Long
View," questions if one can retire
on social security alone in view
of the dollar shrinkage from 100
cents in lli.'I'J to 48 cents today.
An example of additional saving
is cited on the basis of investment
in the firm's diversified invest
ment fund, a balanced mutual
fund. ' .
This example is cited here, not
as a recommendation to buy the
fund, -but as a picture of gain in
a long period of stock market ad
vance. . The firm itself warns that "pro
grams of the type illustrated do
not assure a "profit or protect
against depreciation in declining
markets." ' s .
, Investment Return.
Hie Investment program illus'
tratcd assumes an initial invest
ment by a man 5 r years of age
of $5,000 on Dec. 1, 11M4 in diversi
fied' investment fund, and $100 a
month thereafter plus reinvest
ment of dividends
lly 'Dec. 31, 1058, the monthly
Market Quotations
PORTLAND DAIRY
'PORTLAND ( UPI) Dairy mar
kct:
JJBKS To rotuilors: Crude AA
lurge, 38 30c doz.; A largo 37-38c
AA medium, 32 34c: AA small
canons, i-jc additional.
Butter To retailers: A A and
Grade A prints, 65c lb.; curtun
Iff higher; B prints, 63c.
-Cheese (medium cured I To re
tailers: A grade cheddar single
(Uisies, 41-51c: processed Ameri
can cheese, 5-lb. loaf, 40-43c.
PORTLAND GRAIN
, Coast Dsllvery Bails
White wheat 2.00. '
Sqft white hard applicable 2.00
White club 2.00.
Jlijrd red winter, ordinary 2.07
-nominal i.
Oats no bid.
- pijiiey 46.00 (nominal).
Ida May Clark
Dies At Age 72
Mrs. Ida May Clark passed
away in her home Sunday at the
JITC of 72. Mrs. Clark was a ros-
Wcnt of Union county for 72
yours.
.J'uneral services will be held In
rhc DenpseySnodgrass chapel
Wednesday, June 10, at 2 p.m
with the Hev. C. Keith Mills of
f einting. Burial will be in the
City cemetery.
She was horn on November 23
JI185, in Vernon county. Mn. Mrs
Clark was a member nf tho Meth
odjst church.
sShc is survived by n daughter
I,0Uisc M. Malloy of l a Cirnndn;
a son Murvin ,1. ( lark of La
Qrindc; three brothers, Forrest
FiH-ris of La Grande, (irover Far
rls of Sandpnint, Idaho, and Amo'
- Karris of Dillon, Mont, she is a!
so survived by lw0 sisters, Mrs
A.' A. Van Klsbcrg of Dillon
Mont., Mrs. Robert Barren of Dil
Ion, Mont.; , six grand children
and eight jmiat grnndchildren.
HUSBAND. WIFE ORDAINED
NEW YORK (UPIl - A 24-ycar-old
Egyptian snA his 22-yoar-old
Chinese wife were ordained
ministers and disciples of Christ
Sunday. The , Rev. Mina Krian
Mina and his wife,' the former
Sara Li; both graduates of Bethel
College in Nqwn, Kan., plan to
work as pjiissionaries in South
Amexicn.
PORTLAND LIVESTOCK
PORTLAND (UPD-(USDA) -
Livestock :
Cnltlo '1450; includes 27 loads
fed steers 3 loads heifers; bulls
strong to 25c higher; load average
choice 1062 lb. fed steers 29.75
with 4 head out at 28.75; truck
tot 1050 lb. 29.50 ; 28 head load
choice 1325 lb. . 29; couple lots
good 800-855 lb. steers 28.50; high
good and low choice fed heifers
27.75; utility cows 18-20; canner
cutlcr 14.50 16.50; utility bulls
23.50-25.
Calves 200; slow; good choice
venlcrs 29 - 32, one head high
choice 34; utility-standard calves
and venlcrs 21-28. -
Hogs 1200; 'butchers fully
steady; sows 1.00 lowor; 1 and 2
butchers 190-225 lb. 18.75-19; few
small lots mostly No. 1 at 19.25:
mixed 1, 2 and 3 grade 180-235 lb.
17.50-18.50; few No. 2 and 3 butch
ers 275-295 lb. 16.50-17.25; mixed
sows 300-550 lb. 11-14.
Sheep 2000; slow spring lumbs
mostly 1.00 lower than late last
week; choico 85-105 lb. mostly 22,
rcw lots 22.25 and one 75 head lot
Mt. Adams springs 22.50; no old
crop lumbs sold early; ewes wcuk
to 50c lower; cull-good 2.50-5.50.
investments aggregated $21,800,
Including the initial $5,000. Cumu
lative dividends totaled $16,492,
This made a total investment of
$38,292.
On Dec, 31, 1958, when the in-
vestor was 65, the total value of
the shares he had purchased with
this investment amounted to
$57,598. . ..
In arriving at this total, allow
ance was made for the sales
charge of 8 per cent on shares
purchased, but no adjustment was
made for income taxes payable
by shareholders on security profit:
and . dividends reinvested in
shares. , .
The firm noted that dividend in
come was equal to more than $193
a month in 1958., The investor, it
was held, could stop accumulating
shares and begin to receive in
come dividends in cash as second
ary retirement income.
The retired (nan and his wife
If both were 85 would bo draw
ing $174 a month from social se
curity, and $193 a month from the
fund or $B4.69 a week. Also.' they
would have capital which qn Dec.
31, 1958. amounted to $57,598
This income, of course, could be
sweetened by. chewing up some of
the capital each year, a normal
procedure for a retired couple. -
TOY DISTRIBUTOR
Man or Woman
GOOD INCOME
Oparata from horn
Several Choice Territories
AVAILABLE SOON
We will appoint a Distributor
to service a number of the sen
sational self-service "TOY
SHOP" displays ESTABLISH
ED BY OUR OWN COMPANY
in markets, drug, variety
stores, etc. Each "TOY SHOP"
earns money. Simply replace
toys each .week and collect
money.
REQUIRES ONLY
FEW HOURS -PER
WEEK
This Is not a lob but a chance
to get Into something you may ,'
have always wanted a busi
ness of your own. One that can
be handled In spare time and
still leave room for full time
expansion.
NOT A GET-RICH-QUICK
SCHEME
If you have a desire to better
yourself If sober, honest, real
ly sincere, have a car ($697
req.) apply at once giving'
complete details about your
self, phone number. Airmail or
wire
TOY MERCHANDISING CORP.
34-10 58th STREET.-
WOODSIDE 77, NEW YORK
YOUR FRIENDLY LOAN MANAGER
will go out of his
way to bring
loans your way
MOffv
425
I TO
$2000
You arrange your loan , . . your
voy, on Signature only, car or
furniture. Phone first for I Trip
Service. . '
III Iniuranc available en ol loaai at lew group rates
Robert I Barnes, Manager
111 Elm SL WO. 3-2144, LaGraadt)
their self defense," the American
Air Force general said.
Norstad told the 14-nation con
gress that Khrushchev had direct
ed similar missile threats against
the Atlantic Pact's northern re
gion a short time ago..
He told the delegates that pact
forces must be- equipped with
"the best and most modern wea
pons available." He said these
weapons should include atomic
warheads.
He said Europe remains the .
prime target of Soviet ambitions.
' "In the event of an incident, a
clash, whether intentional or un
intentional, we must be able to
force a pause, to compel a
break," in the action to give the
aggressor a' moment of "con
scious decision," he said.
Look At This
Sale
Special!
Quality furniture bargain buys are thicker than Mothers custard pie these days during our great Expansion
Sale now in progress. Everything in our store excepting fair trade items are being offered at prices slashed
way down in order to clear out space and make room for pending remodeling and decorating connected with
our new store addition. Whatever your needs in the way of new furniture, Globe has them, at prices that you
can't afford to pass up. Come on down and look over our hundreds of exceptional buys! '
ANOTHER
EXCLUSIVE AT GLOBE
DROPLEAF
SERVER
In Matching Finish
i niimicii
tfn lyiUNUilL!1. ,
i ' m w Hare ta' the MWHt. imi( ralalutifMifww lAma In - W:.
"" '; I I dinettes! A dropleof server that Brakes this Jin- " ...:: 4 ':'
I I II erte set the most versatile' one on the market a- " ' - , ' " .
"""J IwJ day. Designed by WESTORES with you end your
family in mind.. .It brings you all the fine features - J
. - that you would expect to find in e-quality set r "f
PLUS real versatility. IVI JmT
' ;.:;": COMPARES WITH Vs
- ALL 8 PIKES-""!-
Iff ml mrn $1A9 ' - ;
' si JJ
' AS BRIDGE TABLE IN DIN... AS JIDEBOARO IN DINING S0OM. US! A EXTRA BINITTC
All Other
DINETTES
REDUCED
lo low, low prices
FOR THIS SALE
J-A.
FURNITURE
Adams & Hemlock
LIBERAL TERMS ON APPROVAL OF CREDIT
Ph. WO 3-4144
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