i
HERALD AOT NEWS. TTIamani Talis. Or.
Monday. Frh. B. 1960
PAGE five
History Teacher Warned
By Editor Of Newspaper
vs By ELMER C. WALZER
I'PI Financial Editor
NEW YORK (i:PIIPr,nt v
. ' Moore, editor of the Rcdlands
uatty facts or Redlands. Calif-
writes to warn history teacher
i ( Edward Schweikardt of the
ivjacK, x.Y., High School of what
, he may do to the market.
Schweikardt has hit upon the
lormula of teaching economics
through having his class buy a
' few shares of stock. What makes
(he stock market tick includes
" the economic events of the world
.Moore recalls how during 1929
his high school teacher, the late
Herbert Woodruff, did something
similar. Instead of having his
students buy their stocks, he
"gave" each one a mythical
1100,000 to invest in five stocks.
, What Moore is warning Schwei-
" kardt about is the fact that when
Woodruff did the same thing the
" market fell flat on its face.
The five stocks "purchased"
' Santa Fe, Bethlehem Steel, Gen
eral Electric, Reynolds Tobacco,
" and Standard Oil of California-
fell, of course, with the general
market.
Moore sort of feels that since
' the market broke right after he
and the class "bought" their
' stocks that they had something
, to- do with the break.
" "We even admit to having lit
, (he fuse to this financial block
' buster," he says. "It was all
" part of our education."
Well, there's a good ending to
this catastrophe. The stocks that
'"the class invested its $100,000 in
"proved to be able to make a good
. comeback.
New Missile
Raises Hopes
CAPE CANAVERAL, Fla. (AP)
The successful firing of an inter-
' continental range Titan has raised
America's hopes of narrowing the
' missile gap between this nation
and the Soviet Union.
- It also may provide the United
'States with a powerful new space
vehicle.
For the first time in nine
months, a Titan flew successfully
Tuesday. The 91 - foot missile
roared from its pad and two min-
'ute later its huge second stage
ignited for the first time.
The 24-ton second stage, gen-
erating 80,000 pounds of thrust,
' is the largest and most powerful
ever fired in flight by the United
1 States.
' When operational, it will be able
r'lo hurl a nuclear warhead 9,000
miles, maybe farther. The upper
stage was not fully fueled Tues-
day and traveled only 2,000 miles.
'"' The firing of the Titan second
"stage at an altitude of about 27
' miles demonstrated the feasibility
' of using large liquid-fuel engines
' for space exploration. This engine
' is five times more powerful than
' any previously ignited in flight by
the free world. ,
: DUTCH HIT DISCRIMINATION
i.; ROTTERDAM, Holland (UPI)
. Foreign Minister Jozef M.A.H.
. Luns accused the American gov
ernment Friday of "cleverly dis
i criminating" against Holland by
: its refusal to grant landing rights
on the West Coast to the Dutch
National KLM Airlines.
Curtis B. Woolfolk, of the New
ork Stock Exchange firm of
Lester, Ryons & Co., located in
Rcdlands, has calculated the val
ue of these stocks as of last Dec.
1, the 30th anniversary of the
market bust of 1929.
Woolfolk found that the original
$100,000 investment in 1959 had
grown to $276,240, and cash divi
dends to the amount of $127,283
had been paid on the stocks.
"For having invested in these
securities," says Moore, "we
would have been $303,148 the
richer today, if we had held
them. That's before giving the
Internal Revenue Collector the
share he claims.
"Certainly this contradicts the
widespread notion that the stock
market crash ruined all investors
It was the man who bought on
margin, or for some other reason
had to sell his stocks when the
prices were way down, who
suffered.
In the 30 years since the five
stocks were bought, only one
showed a decline. It was Atchi
son, Topeka & Santa Fe which
"cost" the kids $20,650 back there
and as of Dec. 1 was valued at
jik.hiu. cut it paid $14,810 in
dividends during the period.
Bethlehem Steel rose from an
original investment of $20,060 to
$110,160 and paid $48,240 in divi
dends. General Electric rose from
$20,000 to $54,000 and paid $14,900
in dividends. Reynolds Tobacco
appreciated from $19,500 to
$37,200 and paid $22,185. Standard
of California ran up from $19,845
to $56,4 and paid $27,150.
In 1929 when the original "pur
chase" was made, the kids each
"owned" 835 shares in these five
companies. These shares had in
creased through splits and stock
dividends to 5,152 thirty years
later.
We don't want to make Mr.
Moore feel badly but Schweikardt
had his high school kids buy
their stocks last year and the
market didn't bust right away.
It's a cinch, however, that one
of these days a group of high
school youngsters is going to buy
right straight into a bear market.
Perhaps they'll "hold" their
stocks and measure the changes
in 30 years.
It's all in the interests of good
economic education. Who knows
but what one of the kids of to
day's high school classes may
devise a formula for ending busi
ness cycles without resorting to
socialistic devices?
Who knows what the next 30
years will bring in the stock
market? Will rails still be in dis
repute? Will foreigners capture
our steel market? Will people
smoke as much as they do now
record tobacco sales for 1959?
Will the oils be as popular as
they once were? Will General
Electric be the big electronics
wonder of the world?
Wall Street says things never
happen the same in the market,
but its experts continue to advise
keeping investments in sound
stocks that will come back some
day even if they do decline.
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Commies Jail UPI Scribe
HONG KONG (UPI) United
Press International Correspondent
Bill Yim has been sentenced to a
year in prison in Communist Chi
na on charges of "conducting spy
activities, it was reported Satur
day.
The New China News Agency,
official service of the Communist
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Yim was born in China 23 years
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The UPI Hong Kong bureau
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Downey, who had been given spe
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Texas Nudists
May Ask Charter
AUSTIN, Tex. (AP) - Texas
nudists, who need a charter worse
than they need new clothes, may
go to court to get their charter.
Their request for a charter was
turned down for a second time
Wednesday by Secretary of State
Zollie Steakley.
Steakley said such an organiza
lion would violate laws against
lewdness and indecent exposure.
Rep. Don Gladden, Fort Worth
attorney, said the main error in
Steakley's decision is the pre
sumption "that the mere absence
of clothes constitutes lewdness
and indecency."
Gladden asked the secretary to
reconsider his first denial, Jan.
26, "before we take action" in
court.
Basil is the Greek name for roy
al, or kingly.
Downey, one of five Americans
imprisoned in Red China.
The New China News Agency
report said Yim was arrested July
28 nine days after he entered
Red China. The last direct word
received from Yim in Hong Kong
came in a cable last July 21. It
said only he would not be able to
leave.
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Blood Test For Asthmatic Can Tell If Death Near
CARMl'X. Calif. ( AP) - A blood
test probably is the best way to
determine whether a person in an
asthmatic attack is in danper oi
dying, a specialist in lung diseases
reported loday.
A few drops of blood from an
artery in the arm supplies the test
si'tuple. It is tested for its carbon
dioxide content.
If the carbon dioxide level is
high, the outlook is "ominous." It
the level is low, a few simple pro
cedtires, even a home remedy,
can bring him out of it, said Dr
Solbert Permutt, of Denver, Colo.
Dr. Permutt, chief of the radio
pulmonary division of the National
Jewish Hospital in Denver, ad
dressed the western section of the
American Federation for Clinical
Research.
The records of 24 patients ser
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basis for the finding. All the pa
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inhaling and exhaling large
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