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About La Grande observer. (La Grande, Or.) 1959-1968 | View Entire Issue (Nov. 18, 1959)
Observer, La Grande, Of., Wed., Nov. 18, 1959 Page 8 Stock Market Prepares For Good Bull Month As Industrials Rise equity values next year. This may lie revealed by the ability or inability of share prices to reflect the strong seasonal (ac tors in the period ahead," says the firm. Vot a few Wall Street experts b'lieve the market will continue to be selective during the waiting period in steel. "If confidence is to be re stored" says 1. 0 Hooper, ana lyst for W. E. Hutton & Co . -it will come gradually rather than all of a sudden, unless there is a settlement of the steel issues which is generally recognized as inflationary." This Is the tendency of most of the analysis just now steer away from trying to forecast the general market, and pick out the favorable spots in the various groups. Some of the experts are turning more bullish on the bond marker. Of course, if investment monex is diverted to bonds, the stock market would lack the lesflt haf displayed from time to time. . NEW YORK I'. I'P - In just two weeks, the stock market enters tlic best nionih of the year for the bulls Industrial shji.-i-s l:ae risen in 45 Decembers a .d declined in 17 in the past 62 years. The brokerage linn if Kia'icis I. Du Pont & Co . -u-ii up Un reasons for this siluatiol: "This favorable trend usually carries over to the first part ol January, at least The thesis bc hind December beinii u bull Nude Girlie Show Is 'Cleanest' Ever PARIS UPIi The girlie show at the Lido niglit club on the Champs Elysee is trad tion.illy the nudest in the world Now it's the cleanest show anywhere. Every littlo headed C-slring. every switch of clothing I it ever so small has been fumigated by French health authorities. The reason: Four of the blue bell girls, the Lido's long It em m eel beauties, contracted measles on' their recent world tour which took them to Tokyo. New York. Honolulu. New Or leans and I.as Vegas. STUDY IN RUSSIA BAGHDAD '111' - Hussian Ambassador Grigory Zaitsev re vealed Sunday that 3no lrai stu dents had gone to study in the Soviet Union this year and that "many other" Iraqis had made the trip "to develop their potential." period for stocks U that in tins .iiieival there is the elimination of tax selling and. 1k the im pact, both expected aid annual, if new year investment funds being placed in securities. "In addition, year-end state ments by captains of industry as to the prosects for the forth coming period are usually encour aging. The firm has tabulated the Honeymooners Have Lots Of Fun Underground DOWNEY, Calif.-(UPD Two teenagers honeymooning in ai underground shelter as part of a civil defense test said today "we're having a lot of fun." Brent Parker, 19, and Kenae Johnson, 17, were married Satur day and immediately moved into an 8 by 10 feet atomic fallout shelter dug into a vacant lot. The shelter was constructed by the Downey Saving.s and Loan Co as a civil defense experiment and the sponsors will pay the couple tM for each day they endure to getherness, with a bonus of $350 tor the last day of the two-week project. . They will write down their re actions to living in the shelter stocked with food, a two-burner hot plate, a telephone and a tele vision set. Their reactions later will lie studied by civil defense authorities. moves of the industrial average for the past 32 years. In recent I i,i -embers we have had two diclines one of 14.10 iuints in ileeeinber !ffc7 and 0''e ol a mere V in l!f3. Good Rise Last Year Last year there was a rise of 2ii lit points in the industrial aver .n'p ia December. In 19jG the iain was 2t.6 points, the best in the Si years renewu. There were tains of 14.) points to 8 24 points in the 11 Di centners from 19.18 to l-)2 inclusive. Hack in 130 December saw a decline of 18 81 points and in 1431 there was one of 15 97 points. There was a gain of 9 53 points in December of W29. the year the Great lx-pression began. The Du Pont firm notes mat as we aporoach the bullish sea son of the market, there ar several undeterminables which have resulted from the prolonged steel strike and its aftermath. These include the necessity to reduce estimated earnings for many leading companies. Also the firm notes that the price-times-earnings- ratio, now about 185 is historically high. Also the yields on commen stocks reflecting a sharper rise in prices than in increased dividends, re main sub normal at a time when, due to tight money, y-elds on bonds have materially increased. May Provide Major Clue Thn firm believes that a test of the upside potentials is the; major clue to w hat s ahead lor pride pays dividends Careful homeowners can earn cash savings with General's "All ln One" Homeowners Insurance ...and here's why. Careful, responsible persons naturally have fewer losses. They deserve the finest coverage at the lowest possible cost If you qualify as a careful, "preferred risk" home owner, you'll earn lower rates, too! Call us today! REYNOLDS Insurance Agency WO 3-3121 LqeneraU on! orficc. sramt Old . British Lion Churchill Shows Rapid Recovery LONDON ( V I'U Sir Winston Churchill, only 12 days short of his 85th birthday, is expected to be up and about today from a "slight illness" and may even re sume his seat in the House ol Parliament today. "lie had a little bit of chest trouble." the elder statesman s s-eretary said Tuesday night, i "His personal doctor visited ear lier in the evening. He had dinner in bed, .and should be up and alKiut in the morning." Household sources described the visit of the doctor. Lord Moran. as routine. They said Churchill was expected to be at the House of Commons this afternoon. 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