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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 12, 1963)
MEDFORD MAIL TRIBUNE. MEDFORD. OREGON TUESDAY, NOVEMBER 12, 1963 1W WW1 SWt.!s WE5T Vi rus Tennis Season Off To Early Start WASHINGTON (UPI) - In, ciise you hadn t noticed, the season of winter sports is al most upon us once again. Soon, with a gay halloo, a large segment of the population will be participating in skiing, bobsledding, ice skating, curl ing, afternoon naps and that most popular of all winter games, virus tennis. Evidence extracted from hier oglyphics and from fossils of the Phiocene period indicates that man has been playing some form of virus tennis since be fore the dawn of history. And believe me it requires real dedication to begin play ing before dawn. In view of these findings, I cannot properly claim to have invented virus tennis. I believe the record will show, however, that I was the first to formu late written rules of procedure, tactics and ethics. Starts Season Early It might fairly be said that I am to virus tennis what Ab ner Doubleday was to baseball. But I doubt anyone will say it. Locals . Stove Overheats Medford firemen were called about 6:20 nm. vesterdav when an oil stove overheated at the Apo stolic Faith Church annex, 837 Niantic St. In Hospital-Mrs. G. W. Gos wick, 1821 Siskiyou Blvd., Ash land, is a medical patient at Ashland Community Hospital, according to relatives. Her daughter, Mrs. J. L. Zittercob, has arrived from Palm Springs, Calif., to be with her. Grange Meeting Griffin Creek Grange officers will be elected at a meeting at 8 p.m. Thursday, Nov. 14, when the group will meet in the Grange Hall. Driver Cited Daryl Grant Long, 31, uoos uay, was cuea for making an improper left .- turn after the car he was driv ing collided with a vehicle op- erated by Russel Ralph Worth, ; 49, Talent, about 12:45 p.m. i, Monday at Central Avenue and . 12th Street. No injuries were re ported, officers said. Medical Patients Richard E. Olympius, Route 1, Box 90, Hallock, 418 Candy Lane, Grants Pass, are listed today as medical patients at Sacred Heart Hospital. Attend Meeting E a r n e s t Barre and Jim DeVos, members of the International Typogra nhipal Union. Local 559. attend- i ed the Oregon Typographical rvinforonre last week end in fnna Bnv. Barre is Dresident of : the local union ana uevos u i vice president ana ueieBoie the conference. In the last elec tion DcVos was elected to serve on the executive committee of the conference, the next meet ing to be held next March in Portland. Erect Sign The Medford building department issued a permit today to Die Walsh to erect a sign at 304 Barnett Road at an estimated cost of $1,000. Business Names The busi ness name Bert Pree, Real Es tate, has been asumed by Ber tha E. Pree, 704 W. Sixth St., Medford, according to records in the Jackson County record er's office. The name The Cen ter Confections has. been as sumed by Bertie M. and Rich ard Rassman. 223 Pine Si., Cen tral Point, after it was retired by Zola M. and Donald A. Titus. Also assumed was the name Head Roofing and Installation of Oregon by Ruben Head, 3434 N. Pacific Highway, Medford. In my household, we do not ordinarily hold our first virus tennis tournament until after Thanksgiving. This year, how ever, we opened tne season ear ly to accommodate my father, who recently came to visit us. My father lives in a climate that is still rather balmy at this time of year. He mistook the brisk autumn weather here as a sign of winter and began clamoring for a game. He being senior among us ai:d a guest at that, it seemed only right that we permit him to throw out the first virus. Pairings for the first round pitted my father against my 13-year-old daughter, who is the top-seeded player in my family. It was an interesting match. Being an old-timir, my father does not play the so-called "big game" favored by the younger sci. mac is, ne does not try to blow his opponent off the court. A Dogged Retriever He is, however, a dogged re triever and can come up with viruses that would pass right by tne average player. Once my daughter adjusted to his style of play she was able to match him shot for shot, which included one penicil lin and two streptomycin. My daughter then served to my wife, who lobbed a virus in my direction even though I had not planned to enter the tourna ment. Sportsman to the end, I came out of retirement and engaged in a spirited match with my younger daughter, who is just learning the game but who has picked up a lot of pointers at school. Before you could say "pneu monia, we were all in mid- season form. All except my 2-year-old son. . He is too young to play, so he acts as "virus boy." He chases all of the viruses that the other players miss. Kennedy Experience In Elective Office Tops GOP Candidates WASHINGTON (UPI)-Theo- dore C. Sorensen, special coun sel to President Kennedy, point ed up a possible 1964 presiden tial campaign issue Monday. Sorensen told the Women's National Democratic Club that Kennedy had "devoted more years to major elective office than the leading three Republi can candidates combined." He listed Sen. Barry Goldwater, R-Ariz., New York Gov. Nelson A. Rockefeller and Michigan Gov. George Romney. Births SHORES To Mr. and Mrs. L. O., Star Route, Box 92, Pros pect, Nov. 8, 1963, a boy, 7V4 pounds, at Rogue Valley Hos pital. NELSEN To Mr. and Mrs. Ronald E., Route 1. Box 736, Eagle Point, Nov. 8, 1963, a boy, 4 pounds, at Rogue Valley Hos pital. LYON To Mr. and Mrs. Leland DuWayne, 3520 Bursell Road, Central Point, Nov. 9, 1963, a boy, BVi pounds, at Rogue Valley Hospital. Witnesses Differ In Testimony on Tax Cut Proposal WASHINGTON (UPI)-It a 1 1 depends on what witness is testi fying to know what the $11 bil lion tax cut bill passed by the House means to your pocket book. The statistics cited by differ ing witnesses in testimony be fore the Senate Finance Com mittee are all based on indis putable figures taken from the bill itself, but the results often are confusing. Rankers, businessmen, econo mists, labor leaders and others who have testified on the im pact of the tax bill generously cite various data, but they come up with contradictory conclu sions. Here are a few samples: The U.S. Chamber of Com merce, complaining that high income taxpayers would get short-changed, told the commit tee that persons in the lowest brackets would benefit f i jm tax reductions averaging 39 per cent, while those with annual incomes above $50,000 would get only a 13 per cent tax reduc tion. Sen.. Albert Gore, D-Tenn a member of the Finance Com mittee, complained the measure was a rich man s dm. He had charts prepared to prove his point, it showed a person with $6,000 taxable income would get only a 5 per cent in crease in take home pay, while a $50,OOO-a-year-man would be enriched by an 18.2 pel cent increase. Richard Headlee, president of the U.S. Junior Chambers of Commerce, groused that the bill would increase the concen tration of rate hikes or tax brackets from one-half to near ly two-thirds on taxpayers with incomes up to $22,000 a year, penalizing the middle - income group. Leon H. Keyserling, former President Harry S. Truman's chief economic adviser, said the $3,00u-income-family under the bill would get only a 2 per cent increase in after-tax dis posable income; the $200,000-a-year family would get a 16 per cent increase. The Treasury supplied official figures supporting the bill which showed that taxpayers with in come of $3,000 to $5,000 a year would pay 38.3 per cent less taxes, or $555 million less; $5,000-to-$10,000, 19.9 per cent less taxes, or a "savings" of $3.6 billion a year for this in come group; $50,000 income and over, 12.6 per cent less taxes, or $525 million less a year. Grows Dairy The seemingly contradictory figures unleased on the commit tee in the flood of testimony grows daily as the hearings progress. Actually, they all are correct. But different results can be ob tained by calculating the bill's tax impact various ways such as uith or without tax deduc tions, including proposed "re forms or ignoring inem, or taking into account special tax credits and exclusions. Perhaps Mark M. Jone, Dresident of the National Eco nomic Council of New York, supplied the last word. He in dicted the entire argument over how many dollars this or mat person would get might De tu- tile. The dollar itself, he said, was worth only 36.9 cents in 1963, compared to its value in 1932. Obituaries HAROLD JEAN DAVIS Harold Jean Davis, 63, of 319 Willamette Ave., Medford, died in a local hospital Monday. Fu neral arrangements will be an nounced by Memory Gardens Funeral Home. FRANK HILL ASHLAND Frank Hill, a vet eran of World War I, died at the Veterans Domiciliary at White City Monday. Mr. Hill was born Aug. 1, 1890, Li Helsingfors, Finland. He had no known relatives here. Funeral arrangements will be announced by the Litwiller Fu neral Home. MABEL BAILEY ASHLAND-Friends of Mabel Mildred Bailey, 71, who died Monday, may call at the Lit willer Mountain View Chapel between 5 and 7 o'clock tonight to pay their last respects, the Funeral Home announced today. Services will be held at 10:30 a.m. Wednesday, Nov. 13, in Trinity Episcopal Church with the Rev. Duane Alvord officiat ing. Interment will be in Moun tain View Cemetery. JEAN L. MOSS Mrs. Jean L. Moss, of Jack sonville, died in Sacramento. Funeral arrangements will be announced by Conger - Morris Funeral Directors. CLIFFORD R. KNIGHT Clifford R. Knight, 54, died yesterday at Valley of the Rogue State Park of a heart at tack. Funeral arrangements will be announced by Conger-Morris Funeral Directors. Classes for Police Officers Scheduled The Medford Judo Academy is sponsoring a series of classes for police officers in various phases of self defense. The classes will start Wednes day, Nov. 13, and be held for eight weeks from 6:30 to 8 p.m in the wrestling room in the Medford High School. The course will include judo, ju-jitsu and karate. Those at tending the classes must be in good physical condition. Stu dents must report in gym clothes with white socks and should take a note book. Enroll ment fee is $10. ROBINSON - To Mr. and Mrs. Jack Dale, 1215 East Main St., Medford, Nov. 9, 1963, a boy, 6'!i pounds, at Rogue Val ley Hospital. LUEHRS To Mr. and Mrs Dean E. Jr., 441 North Grape St., Medford, Nov. 10, 1963, a girl, 6 pounds, at Rogue Val ley Hospital. Ends TUESDAY! Ctwnex IITUHL On at 7 pm 4 10:40 pm war smith 11CJ 2nd Hitl On t 9 P.M. READ To Mr. and Mrs, Rodney C, 43 Summit Ave., Medford, Nov. 10, 1963, a boy Vk pounds, at Rogue Valley Hospital. MAUPIN To Mr. and Mrs, Aldon Boyd, 2 1 1 ' -i N. Columbus Ave., Medford, Nov. 10, 1963 a girl, 7 pounds, at Rogue Val ley Hospital. GUCHES-To Mr. and Mrs. A., 2363 Roberts Road, Med ford, Nov. 11, 1963. a girl, 10Vi pounds, at Rogue Valley hos pital. SCHLEIGH To Mr. and Mrs Lester John, 530 Benson St Medford, Nov. 12, 1963, a girl 6',i pounds, at Rogue Valley Hospital. Jacksonville Alan Sentenced to Jail Elmer Boyd Gravelle, 33, of Box 23, Jacksonville, was sen tenced to 45 days in the Jackson County jail this morning after he pleaded guilty to operating vehicle while his license was suspended. At the same time Gravelle was arraigned on a charge of forgery. He waived the right to an attorney and was bound over to the grand jury. Bail was set at $1,500. Racer Among arnegie Heroes PITTSBURGH (UPI) - De- wayne Lund, winner of the 1963 Daytona 500-mile auto race, and four other men were honored today by the Carnegie Hero Fund Commission for rescuing another racer from his burned and wrecked automobile. The five were amone 21 heroes cited by the commission which awarded two silver and 19 bronze medals. Six awards were made posthumously. Nine states and Canada were represented in the awards. Lund received a bronze medal along with Ernest E. Gahnn, William R. Wimble, Stephen E. Petrasek and Jerry A. Raborn. They rescued Marvin E. Panch from his wrecked car at the Daytona International Speed way last Feb. 14. Flames flared up, driving the rescuers back and inflicting burns on some of them. The commission awarded 511,- 750 for educational and other worthy purposes in 19 cases. Since It was formed in 1904 bv steel magnate Andrew Car negie, the commission has granted 4,674 medals along wiih more than $9 million in mone tary awards to heroes and their dependents. States represented in today's awards were Alabama, Alaska, Arkansas, California, Florida, North Carolina, Ohio, Pennsyl vania, and Texas, along with Ontario, Canada. Holiday Apron Weather 4-H NEWS Wagner Valley Tho Warmer Vallev (Phoenix- Talent) 4-H Clubs will hold their annual achievement pro gram Wednesday, Nov. 13, at the Talent City Hall with a potluck supper to be served at 6:30 p.m. All present and prospective 4-H members, their families, and leaders are invited to at tend. Those attending are to take enough food for their fam ily plus a little extra and their own table service. Dale Hoecker and Mrs. Bangta Satterfield of the 4-H of fice and Emmit Whitham, man ager of the Phoenix branch of the First National Bank of Ore gon, will present awards and give pointers on 4-H work. A large 4-H program is avail able. Children nine years old as of Jan. 1, 1964, and older may participate in 4-H work. Any children interested in joining 4-H or adults interested in lead ing or helping in a club, should attend this achievement pro gram. Additional clubs will be started if enough interest is shown in a new project. For additional information, please call 535-1709. FORECASTS Medford and vicinity: Mostly cloudy tonight and Wednesday. Considerable valley fog. clearing about noon. Chance of a little rain Wednesday night. Low tonight 33 40. High Wednesday S4. Western Oregon: Mostly cloudy tonight and Wednesday with peri ods of rain over coast and north interior. Not much change in tem perature. Low tonight 42-48. High Wednesday 52-64. Northern California: Variable cloudiness tonight and Wednesday with rain In extreme north begin ning tonight or Wednesday. Local valley fog. LitUe temperature change. LOCAL DATA TEMPERATURE: Mean yester day 47: above normal 2. Record hlih this date 63 in 1912. Record low this date 18 in 1020. PRECIPITATION : 24 hours to midnight, trace. Midnight to 10 a.m.. trace. Total this month 2.23 Inches. 1.37 inches above normal. Total since Sept. 1. 3.92 inches, .30 inch above normal. HUMIDITY: Lowest H.T:;.. highest this a.m. High CITY Yfsler day Brookings 65 Crater Lake 49 Grants Phns 37 Howard Prairie .. 33 Klamath Falls .... 54 MEDFORD 34 Portland on yesterday lOCKo. 4:0(1 34- a.m. hr. Low Pree. 49 30 43 .01 39 48 Smaller Infants Said Result of Mothers Smoking WASHINGTON (UPI)-One of the nation's leading obstetricians says cigarette smoking by ex pectant mothers resulted in births of smaller infants. Dr; Paul B. Underwood Jr., of Charleston, S.C., made the statement in one of several re search reports presented last week at the annual meeting of the American College of Obstet ricians and Gynecologists. Underwood, head of the South Carolina Medical College obstet rics and gynecology department said a survey showed that the heavier the smoker, the smaller infants were at birth. Group Separated He said 4,440 women repre senting more than 16,000 preg nancies were interviewed be tween 1960 and 1962. Those ques tioned were divided into groups of smokers and non-smokers. The women who smoked were then separated as to the quan tity of cigarettes used a half pack, one pack and more than a pack a day. Underwood said the study showed that women who didn't smoke gave birth to heavier in fants than did mothers who smoked only a pack a day. He said even smaller infants were born to women who smoked more than a pack a day. "These statistics Indicate that smoking during pregnancy does decrease the birth weight of newborn Infants," Underwood said. However, he added "other factors, possibly nutritional, also play an important roie. Underwood said the rate of premature births increased when the expectant mothers smoked. He said the prematur ity rate was "directly propor tional to the number of cigar ettes smoked per day." Abortion Kate up He said the survey also noted "slight" increase in the rate of abortion among women who smoked, but said the rate of stillborn infants was not atteci ed bv smoking. "Since the abortion rate was consistentlv elevated in all erouos that smoked," Under wood said, "we have to consid er it significant. Underwood said nis siuay dv no means intends to indicate that ciearette smoke is the only factor governing the birth weight and incidence of prema turity. Truck Driver Saves Couple in Crash MEMPHIS, Tenn. (UPI) - A quick-thinking truck driver Is credited with saving the lives of a young Army private and his wife who lay injured Sun day in a wrecked car strad dling some railroad tracks. W. B. Eddie, 45, of Hender son, Ky., was hauling his rig behind a car driven by Pvt. Richard T. Dillard, 20, and his wife, Carolyn, 19, who were on their way home in Memphis from Ft. Campbell, Ky. The car blew a tire and crashed through a bridge, plunged down an embankment and landed in the path of a fast-moving Louisville & Nash ville passenger train. "I was scared to death it wouldn't stop," said Eddie. He whipped out two flares from his truck and dashed down to the tracks where he waved the train down. It stopped and trainmen helped him pull the couple from the wrecked car. See-Worthy Shift 9442 10-18 n Santa comes but once a year be ready for him! The apron jingles, Santa greets all his friends. Apron is green; Santa, red and white. Takes less than a yard. Pat tern 7234: transfer of Santa head, cap; directions. THIRTY-FIVE CENTS (coins) for this pattern add 15 cents for each pattern for first-class mail ing and special handling. Send, to Alice Brooks, Medford Mail Tribune, Ncedlecraft Dept., P. O. Box 163, Old Chelsea Station, New York 11, N.Y. Print plainly NAME, ADDRESS PATTERN NUMBER. 206 HANDICRAFT HITS in our big, big, new 1964 Needle craft Catalog, out now! See toys, fashions, crewelwork, heirlooms, gifts, bazaar hits everything to crochet, knit, sew, weave, em broidcr, quilt, smock. Send 25c right now. Seattle 39 47 .11 Spokane '47 40 Yakima 51 42 Eureka 62 49 Red Bluff Hd 46 Sacramento 60 49 San Francisco .... 6 37 Los Angeles 83 61 Phoenix 83 53 Denver 53 22 Chicago 31 35 Miami Beach 77 67 .13 New York 60 42 .03 Washington, D. C. 64 40 Bail Forfeited by Medford Woman Mrs. Doris Ruth Evanson, 39, of 1251 Kings Highway, forfeited $10 bail this morning in district court on a charge of improperly changing lanes. Trial had been scheduled for this afternoon. Mrs. Evanson was cited by Oregon State police following a two vehicle accident Sept. 26 south of Medford on U.S. 99. Driver of the other car, Robert Edlow Whitlock, 31, Coleville, Calif., died the following day from injuries received in accident. A 11 7 Your Money's Worth By SYLVIA PORTER tonrrlajltf. Hill SyiKtlcMt, Inc. MYTHS ABOUT LITTLE INVESTOR As the stock market averages have climbed tn historic hloh. the little fellow again has been nibbling at stocks and borrowing to buy stocks has soared. It was against this background of in creasingly heavy trading and borrowing in the stock market that the Federal Reserve Board moved last week to curb speculation by hiking the down payment (margin requirement) on listed stocks from 50 to 70 per cent of the purchase price. As one result of this timing, rumors are widespread about the growing importance of the little fellow in today's stock market and his gambling in the wildly fluctuating glamour issues. This is unfortunate. The little investor is not nearly as signifi cant a force in today's stock market as is generally believed. Nor ne we gamuier inai most people ininic ne is. Now that the market is gyrating nervouslv at comparatively high levels, let's puncture two myths about the little investor. Strictly in terms of numbers, public ownership of stocks in this country is enormous, has no parallel anywhere. The 1962 census of shareowncrship Indicated at least 17 million of us own stocks in U.S. publicly-held corporations, a rise of 161 per cent since 1962 and representing one out of every six adults In the country. The total is higher now. But how much stock do these millions own? The belief that they own a huge amount of stock is a myth. Specifically, the estimate is that the dollar value of all public stocks in the U.S. k around $530 billion. Here is how the New York Stock Exchange breaks down this total. Only 20,000 financial institutions hold around one-third of all the stocks. They own about $190 billion. Only 800,000 individuals hold the next one-third. These are families with incomes of $25,000 or more and they own around $170 billion. All the remaining millions of the 17 million-plus Individual shareowners hold the last one-third. Their combined ownership also comes to approximately $17U Diuion. Even though tens of millions of Americans participate indi rectly in the stock market through the 20,000 financial institutions which own stocks, when Wall Street pros speak of "the public coming into the market," they are referring to direct buying of stocks by little investors trading through their own accounts. These NYSE figures put this activity in perspective. What do the millions of shareholders who own only one-third of the dollar value of all stocks outstanding buy when they pur- cnase siocks mrecuy tor tneir own accounts? The belief that they buy the hot stocks which frequently rids the roller-coaster Is another myth. Of course, many gamble but, generally, the little Investor ticks to conservative stocks of established companies in basic Industries. Every study of his purchases underlines his prefer ence for shares of stock in such Industries as telephone, gaa and utilities, automobile, the like. At times, these are th. great glamour stocks but they're not usually considered wild speculations. "This is as it shou'.d be," says a New York Stock Exchange spokesman. "The worst that could happen would be a serious loss in the value of securities held by lower Income groups. The higher income families capable of taking the losses that must occasion ally occur should be the ones financing speculative, risk ven tures. Evidence that this is so is welcome news." Despite the rumors about the little fellow, he has only cau tiously re-entered this slock market. Still dominating it are wealthy Individuals, protessional Wall Street traders, financial institutions. Primarily responsible for the upsurge In borrowing and for heavy trading in hot issues are Wall Street professionals and larger-Income Individuals men and women wno presumably have the fortitude to stand tne neat ot wait street s Kitcnen. the Californian Lodged On Larceny Charge Victor Coy Halsey, 19, Weed, Calif., was lodged in Jackson County jail Monday on a lar ceny charge, according to Med ford police. Officers arrested Halsey Monday afternoon in downtown Medford. He gave statements to police admitting the theft of several items from two Med ford service stations. Join the holiday fun, see the sights and be seen In tn sailor collar shift, Great straight or belted m surah, cotton, crepe. Printed Pattern 9442: Misses' Sizes 10, 12, 14, 16, 18. Size 16 requires 3'A yards 35-inch fab ric. FIFTY CENTS in coins for this pattern add 15 cents for each pattern for first-class mail ing and special handling. Send to Marian Martin, Medford Mail Tribune, Pattern Dept., 232 West 18th St., New York 11, N. Y. Print plainly NAME, ADDRESS with SIZE and STYLE NUM BER. CLIP COUPON FOR 50 CENT FREE PATTERN In big, new Fall Winter Pattern Catalog, just out! 354 design ideas. Send 50 cents for Catalog. WATCH FOR BIRDS WASHINGTON (UPI) - Air plane pilots have been warned to beware of the white whis tling swan now migrating from tl c Great Lakes region to the Chesapeake Bay area. The Federal Aviation Agency, in issuing the warning Sunday, noted that a big whistling swan caused the crash and death of persons aboard an airliner near Baltimore, Md. in 1962. Broadway Theatre League of Medford Presents "A THOUSAND CLOWNS" Wednesday, November 13th HOLLY THEATRE (Curtain Tims -8:30 P.M. - WRESTLING Medford Armory Thursday, Nov. 14 8:30 P.M. TAG TEAM MATCH Featuring HAYSTACK CALHOUN World's Bligett Wr.illef Plus 2 Other Matches Ringside $2.00 General 1.50 Children, under 12 .75 Tickets at Lamport's Walt Disney's BEST YET PATRONS CAN'T BE WRONG! 11,742 So, We HOLD OVER! But, Only 'Till Saturday! A rare and heartwarming experience... noining couia stop mem - oniy insuna 10 guiae them across 200 perilous miles of Canadian wilderness! Walt Disney iheTnGredMtj mmeu m W f ft 1 If BODGER Iht Bull Terrier TAO the Siamese Cat LUATH the Labrador Relnever Ixtt on M BOTfad S bMsellH nord CHILDREN SOe I STUDENTS 75c I ADULTS SI 00 I 5' i '"Z noAiMir PLUS "WATER WIZARDS" EMILE GENEST- SWDRA SCOTT 'JOHN I 1 imuwi III lllll tunvirhJWIIICK bpMo JISII 11(11 htt rnr Iv tin l'iH JU CMfm fllTCMtl W11ILC IM.H4 r MM Sill MrM CMS,. OlW Sin SSMf hvMMM I PLUS Disney's "JAPAN" Four simple mistakes in investing and how to avoid them Many of the estimated 17,000,000 Americans who are share owners have acquired stock to have a second income from dividends. Others hope their money will grow over the years. Whatever your goal, you can benefit from not making these easy-to-avoid mistakes: Mistake No. 1: Choosing your broker at random. How to vold: Look up a nearby Member Firm of the New York Stock Exchange. Each Member Firm Is different, with its own services and characteristics. But each has these things in common: It is subject to the many regulations of the Ex change. And its Registered Representatives had to measure up to Exchange requirements when they became Member Firm brokers. Mistake No. 2: Setting out to get rich In a hurry. How to avoid: Ask yourself what's important to you. Then with the help of your Member Firm work out a simple long range investment program in keeping withyourcircumstances. Keep in mind that stock and bond prices go both down and up. A company may not continue to pay dividends or Inter est. You'll want to look for companies you think will prosper. Mistake No. 3: Investing hastily on a tip. How to avoid: Base your judgment on facts. Such as the company's recent record. Its earnings. The dividends it pays. The price of the stock in relation to dividends. And Inquire about the greater stability bonds often provide. Will your broker's judgment or his firm's always be right? Nobody is always right. What they will gladly give you is help based on facts as they see them so that you can make better judgments of your own. Mistake No. 4: Investing all the money you can find. How to avoid: For investing use only money you don't need for living expenses or emergencies. A lot of people find it wise to invest regularly. Through our Monthly Investment Plan you can acquire stock by investing with as little a; S40 every three months. You'll find much valuable information In our booklet, "investment facts." Send the coupon for a free copy. Own your share ol American butlnett Members New York Stock Exchange send rux rati sooKLtr. Mail 10 s Member Firm otitic New York Slock Exchange, or lo Ihe New York Slock Exchange, Depl. 3.DR, P.O. Box 1070, New York I, N.Y. 298 Please send me, free, "invcstmini tacts," llsllng more than 4O0 nocks thai have paid dividends every three monlhi tor twenty years or more. A
