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About La Grande observer. (La Grande, Or.) 1959-1968 | View Entire Issue (Dec. 3, 1959)
r LA GRANDE OBSERVER Observer, La Grande, Ore., Thuri., Dec. 3, 1959 Page 9 "J. 'J rs ? k. ft B V & 1 V. i -i if i in i tiiini i Abundance Of Favorite Items For Shoppers At Food Stores WASHINGTON LT1' Thrifty food shoppers wen't have much trouble finding an abundance of their favorite item at markets this week-end. and prices contin ue fairly reasonable. Meats con tinue to dominate the "best buy" list, with many choices in po.k. beef. lamb, and broiler-fryers available. Eggs and dairy pro ducts also are plentiful and budget-priced. Vegetable bins o.'fer al excel lent variety of items, loo. These include such old standby as potatoes, sweet po'.atoes. onions and carrots. Alto cauliflower, lettuce, celery, sweet corn, ruta-, begas. turnips, squash, and green peppers. Many markets are also featuring radishes, bunched greens, and avocados. In the fruit section you'll find plenty of apples, oranges, grape fruit and tangerines favorably IKE PREVIEWS GOODWILL TOUR President Eisenhower is pictured with a por tion of the bipartisan group of Congressional leaders who had breakfast with him at the White House. Previewing his forthcoming 11 nations goodwill tour, Pres. Eis enhower told the group he would try to further the American aim of a more peace ful world during the tour. Front, lett to right: Sen. J. V. Fullbright (D-Ark), Sen. Lyndon Johnson (D-Tex.) and the President. Rear: Vice Pres. Nixon. Rep. Robert B. Chiperfield (R-Ill), Rep. Charles Halleck R Ind ) and Sen. Everett Dirksen (Rill). Research Bureau Discloses How Experts Build Investment Funds a By ELMER C. WALZER UPI Staff Writer NEW YORK UPI The experts who build and maintain the big investment funds avoid following set patterns in their select ot of stocks. Each of the va ious funds as a result has its own individual personality in its holdings of com mon shares. Cap tal Gains Research Bureau made this discovery in analyzing the holdirgs of 71 funds making up 75 per cent of the industry. These 71 funds, including mu tuals avd clcsed-end investment companies had a-sets ranging fiom $50 million to nearly $1.5 b llion. These assets totaled close to $15 billion. The bureau s:udy revealed that the 71 funds owned a total of 1.273 separate issues of common stcck worth an estimated $12 bil lion on Sept. 30. "Of this vast numbe", however" says the bureau, "only 69 issues or slightly more. than 5 per cent were held by 20 or more Elgin Family Back From Long Vacation ELGIN 'Special Mrs. Claude Follett and daughters recently re turned home after spending a long vacation with her parents. Mr. and Mrs. Leonard Duncan. Summersville Mo. Mr. and Mrs. Delmar Snyder have moved with their family to Baker. Thfy will own ard ope-atc the "Fireside" in east Baker. The Snyders have been active in many organizations in Elgin for several years, coming here in 11M6. Patsy Hays, daughter of Mr. and Mrs. Marian Hays, had a tonsilectomy in a La Grande hos pital recently. The Rockwall Grange held a potluck dinner Friday. The reg ular meeting followed. They also held their annual Christmas bene fit dance Sundav in the Grange hall. Families Movt .Mr. and Mrs. Brook Galloway have moved to Portland to live with Louie Burnough. Mr. and Mrs. Richard Darr and family have moved Into their home on the Gor don Creek road. Mrs. Darr is working in Bob's Grocery. Steven Galloway had 10 stitches taken in his leg Sunday after cut ting it on a barbwire fence. He is the son of Mr. and Mrs. Delmar Galloway. Sunday through Tuesday guests of Mr. and Mrs. John Gekeler were Mr. and Mrs. Delmar Rut ledge, Redding, Calif. Mr. and M'.s. John Cruikshank are visiting their son-in-law and daughter, Mr. and Mrs. Kenneth Johnson and family, Camby. Birthday Party Sandra Glasson celebrated her fifih birthday with a party at the home of her parents. Mr. and Mrs Franc s Glasson, Saturday. Heln- ing her celebrate were Palty Kim Southard. Risa Gayle Clum, Lilli an Anthony. Denice Spikes, Mary Kay Hargett, Valery Kay Clark The little girls were served ice cream and cake. Janiece Van Dusen has entered the St. Joseph Hospital, La Grande Spring flowers are blooming in Elgin. Sprigs of bridal wreath were cut and brought in Wayts. Inc., for the colorful fall leaves The new leaves appeared and now the white flowers are blooming. Mrs. La Von a Knight has been . token to St. Joseph Hospital, La of the 71 funds. "Going one step further to point up the independent thinking of these investment giants, we find that out of a total of 1.273 differ ent issues, only 203 or 16 per cent were held by 10 or more of the funds. "But perhaps the biggest shocker' in this study of the holdings of America's 71 largest funds is the unbelievable number of stocks held by fewer than a half dozen funds as follows: "426 issues held by only one fund; 209 held by two funds: 124 held by three funds: 72 held by funds, and 72 held by five funds. In other words, and by way of exploding the widely held theory that most investment company portfolios are 'look-alike' affairs with everyone holding practically the same monotonous list of blue chips, here we find that an over whelming majority 903 stocks out of a total of 1.273 were in portfolios of only one to five funds. The bureau lisied what it called 'the fifty million dollar club," a tabulation of the 46 stocks in the list of 1.273 in which the 71 funds had $.i0.00tt,000 or more invested. IBM Tops List International Business ma chines tops the list in value of holdings with 46 funds holding 712.175 shares valued at $294,209.- 038 on Sept. 30. Forty-four funds held 2.308.300 shares of U.S. Steel valued at $231,984.150 in second place. Texaco made third place with 49 funds holding 2,433,150 shares valued at $187,352,550. Goodyear Tire & Rubber was fourth with 33 funds holding 1.177,467 shares valued at $149,538,309. Then came E. I. Du Pont de Nemours, held by 42 funds which had 545.000 shares valued at $136,895,400. Next, Standard Oil (N.J.) in sixth place, held by 41 funds which owned 2.792.334 sha.es val ued at $135,428,199. Eight others were held hy 30 to 42 funds, .each mtv.ving an aggregate market value in nine figures. Lad, 6, Given Good Chance Of New Left Hand WASHINGTON U'PIi - Little Mike Plaugher had a good chance today of getting) the one Christ mas present he wants most a left hand. Six-year-old Mike was bom without the hand. His father, an $85-a-week tele vision and radio repairman who lives with his family of seven in nearby Alexandria, Va . said of fers of money have been coining in steadily since Mike's story was publicized. The father. Irvin Plaugher. said "letters and checks a-e pouring in." He told United Press Inter national that three annonymous donors, two from New York and one from Boston, have ottered to pay the full costs of equipping Mike with an artificial hand. tagged, u'.ur.ii wjth "'cleared' cranberries and winter pears. Fi!-h plt'.il ifn!s right now 'In clude shrimp. fih sticks, and canned ttira. Those are the nation's best values (or this weekend. Now. here's a closer look at plentiful foods in the West Arizona California, Idaho. Montana. V nla. Oregon. Utah. Washing on. Wyoming: Consum ers will Inul a good selection ot plentiful red meats in most Pa cific l'oat markets this week end. Lamb pines are generally 1 to 2 mils a poind lower than a week ago. some pork cuts are slightly lower in price, and beef, call and veal n.v selling mostly unchanged. Kgg supplies are gene ally am ple and mostly unchanged in price in California markets. In the Northwest, eggs are in mad eiate simply and generally one cent a dozen higher than a week ago Butter jiNo is up one cent a pound this week in all markets except l.ns Angeles. Poultry su n lies are moderate :o ample, n.id generally alxmt steady in price, except for an in crease of 2 to 4 cents a pound in Calilorma markets on ready to cook turkeys. Plentiful fresh fruits and vege tables iiii'lude apples, avocados, oranges. gr.iH'friiit, hunched veg etables, cabbage, cauliflower, let luce, dry onions and sweet pota toes. In g od supply are lemons, celery, bell pepers, potatoes, squash and tomatoes. Best 1 sh buys are rockfish. salmoi. halibut and ovsters. 20 DISCOUNT at Esther's Apparel SAC ANNEX Open to 9 Friday Night DON'T MISS THIS! You can save 40 percent with a new pre manufactured home FOR AS LITTLE AS $3395.00 RANCH HOMES STYLED FOR WESTERN LIVING, DESIGNED BY THE WEST'S LEADING ARCHITECTS Many plans to choose from, also custom built to your plans. Inquire for cabins, bunk houses and motels. Write today for full information to CONSOLIDATED HONES CORP. . . 8811 N. E. Sandy Blvd. Portland, Ore. r j I . . . festive, fancy and sweet! TREAT YOUR FAMILY AND YOUR FRIENDS TO THESE DELICIOUS HOLIDAY RECIPES. Pumpkin Pie that's always smooth . . . never grainy. Creamy Fudge that requires no beating and actually meltn in vnnr mnnth Th cr.i nftk... i kVS-j, Morning Milk, of course! Morning Milk is double-rich ifrV concentrated whole milk, scientifically homocenized and so rich it whips I 1 fAORNlNG WILK tup uao , .. nnn clO"t Vi lampoon gllip Vi twtpoon miw9 Vi twtpoo" sins" Vi iopoon o ..!ucondp''Pk;" ... .h.u ..t ..u together- lB Mornini Milk. Pour ini i..U.; 'iuCV,"i bout 3 .., uil If f tVE-MINUTE FUDGE (Jiaka "bout 2 pounds) j tobUwoom . 1 iopow" - V, cup tf0PP' ,.,rnnt ton,unllyh'bb, wound d of pan I , .,n .nd 3l" 5orouf . mcUe4 a Jin... rZfftpmtW blen4.dVPorCu,K,u.r. fta ana " FREE AT YOUR GROC'i HOLIDAY TREAT RECIPE BOOKLET An 8-page, full-color booklet of won derful festive treats features our favorite recipes shown above . . . plus tasty Date Bars, Caramel Nut Squares, a refreshing Molded Cranberry Waldorf Salad, and special Yuletide Loaf. Get your free vujy bi your lavuiuc grocer s Morning Milk display. , ...... IV Bar MILK 'Jalillllri W WPOlll I A Shop Chris' Foods - Hr niiojinfiuii tTtolTTfpil Miss Lou Oysters PIECES OF BLUE PLATE COVE OYSTERS 3-0z. Tin 3 for 95 mm Lb. ,.,.(59 We Will Serve FOLGER'S COFFEE Fri. and Sat. Grand View Peaches FANCY HALVES -No. 2Vi Tins- 3 shoo FOR Jjk 303 TINS SAW BRAND df OEc Hand Peeled Grapefruit S tins OS GIANT PACKAGE gR fC(H)c Super Rinse ALL $ lb. box IBS) 303 TINS LIBBY'S (Ct . $ 00 rancy Uarden leas w tins u 46-OZ. TINS DEL MONTE I ..... . 1 W tzzs u PINEAPPLE JUICE Lumberjack Syrup -2 lor 5' GIANT BOX fCttSV Blue Cheer Delergent IfflSU TOMATO JUICE.... 4 tins $L DOG FOOD 41 tins 35' Chris' Quality Meats PORK SHOULDERS , lb. MEATY SHANKS -lb. 25c PICNIC ROASTS lb 30c STEAKS lb. 45c PURE PORK SAUSAGE -lb. 49c 32c QUALITY BACON Choice of Morrell's Pride or Wells and Daviee Western Style 2 lbs. 89e CHOICE SIRLOIIISIEAKT.LB 95' BONELESS LB. 1.19 Fresh Ground Beef lb. 45c HAH LOAF lb. 69c FRESH Meaty And Goodl y.Qc CRAP Spare Ribs 3Ai lb. flO Produce Avocados FOR SALADS AND DIPS 2 FOR 17 TEXAS Ruby Red Grapefruit 2 FOR 19 EMPEROR Grapes B.' 19 CALIFORNIA WHITB Grapefruit bag.. 59c FLORIDA CITRUS SALAD -JO MIX Or. 5JC -USE OUR FREE DELIVERY CMS IF: 6th & Spring MPIl WO 3-3115 Grande, with a siege of flu.