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Publication: European Stars and Stripes Wednesday, February 18, 1959

You are currently viewing page 22 of: European Stars and Stripes Wednesday, February 18, 1959

   Pacific Stars and Stripes (Newspaper) - February 18, 1959, Tokyo, Japan                                Wednesday february it 1959 the stars and st wipes Page 23 Beck s defense rests after single witness Tacoma. Wash. A Dave Beck s lawyers called Only one wit Ness an accountant then Sud Denly rested their Case As the sex teamsters chief s Long tax trial moved toward its finish. The defense took Only a Littlemore than an hour  make its presentation. The government s Side occupied 57 court Days in the Marathon trial which opened last nov. 10. Charles s. Burdell Beck s chief attorney said the decision  limit the defense  a single witness and introduction of books and ledgers of the b & b investment co. Was mine  the government called scores of witnesses and entered stacks of financial data As evidence. It con tends Beck s Worth increased at a rate in the Early 50s far greater than was reflected in his income lax returns. By 1953 it amounted  $874.127 and his assets  $ 229.193, tax experts estimated. Prepared returns the sole defense fitness was Carl Houston a Seattle accountant whose firm prepared Many of Beck s tax returns and helped setup his bookkeeping system. Houston placed into evidence the books of the Beck owned b & b co., which handled most of Eck s financial transactions these records had never been see by government attorneys or tax sleuths because they were being held by Beck s lawyers As privileged  testified under Brief Cross examination that the Only evidence of teamster Union logins  Beck in the b & b books was two entries one for $15,000, the other for $4,751.a key Point in the Case is the $370,000 Beck repaid the Union and How it should be regarded As an income tax item. The government lists the moneys a taxable asset. The defense contend.? the $370,000 was borrowed and should be regarded in Beck snet Worth compilation As a liability and not taxable. Specials erratic in generally firm list new York up a variety of special stocks and groups influenced by individual news developments highlighted a Gener ally firm a moderately actin Stock Market  changes in these so called specials ranged  4 Points neither direction. Tobacco shares reflecting renewed smoking cancer talk snowed losses ranging  3 Points in Reynolds tobacco a around 2 of in american tobacco and Philip Morris and 2 Points in  Lorillard. Dupont slumped 5 Points when directors declared Only the usual dividend and reported somewhat lower earnings for 1958, but it recovered 3 Points before the close. Fears that Cuba will expropriate sugar properties sent cuban american sugar Down nearly 5  the other hand rising prices for Copper Metal sent Copper stocks up sharply around 3 Points in Kennicott and Miami Copper 2% in magma and i1. In Anaconda. Steels were steady  up As much As 1% Points in Lukens As the Industry reported operations scheduled at the bes level since Early in 1957. In camera stocks Polaroid gained Over 4, Bell & Howell  trailer recent Strong spot fell nearly a Point on the Day s heaviest volume As a com Pany official reported 1958 is expected  show a heavy loss reflecting nonrecurring items Al Hen rushes easter ill . Los Angeles a Brigitte the Little red Hen looked Down in her nest. A Bright Green egg with a surreptitious swish she flipped the offending egg out of her nest and settled Down  try again. The next egg was Green and the next ones for Days. Brigitte quit laying. Her owner mrs. C. Martine appealed  poultry expert Charles Salverson of the University of California Extension service. The Dis coloration he said was caused by the reaction of oxidants in the air on the moist Shell of the newly Laid egg. Or in other words smog. Dead Man s skin saves 3d-degree Burn victim Burbank Calif. A a radio Engineer who suffered Burns Over More than half his body is alive today thanks  the skin of a Corpse. Patrick Dignan 38-year-old col Graclio free Europe gets new assistant director Munich special the appoint ment of  David Penn As an assistant european director of radio free Europe was announced. He will assume his duties in Munich on March 1.until recently vice president of Hill and Knowlton inc., a . Public relations firm where he was director of the International Divi Sion Penn is an experienced Broad Caster journalist and International affairs expert. New dependents name sponsors Date place . Army Hosp Heidelberg born  the wife of Shelton Sec Adolphus ., a 7th aaa daughter Nancy a. Feb. 9. Santos sp5 Ignacio l., in co 11th engr up. N daughter Marissa t., aug. Is. O Neill capt Clement j., Btry a 2 1 our in 25th arty a daughter. Rosanna m., Jan. 21. Goodnightsp4 Johnnie p., co b. 29th Sifi in consta daughter Willie Ann Jan. .27. I Green pfc Joseph w., 2 1 Basr in. A daughter Jeannine i., Jan. 28. Heyne capt Edward  Iii. 768th med det Dent so a an Erik f., Jan. 26. O brien1st it Jack e., 562d pm det a daughter Fella l., Jan. 28. Schall sgt Wilbur i., sgt in Usa eur a daughter Rosemary Jan. 28. Stobaugh sgt Wayne e., he 1st Mil in 07th arty a son Vincent a., Jan. 28. Blankenshipsp5 Charles j., co a 65fith est a son Charles d., Jan. 2 dewaldsp5 William a. Phila Dophia & Roalna 91. Up 3 Geormas Pacific 67 up 3 Maytag f43.i, up a Libbey Owens Ford Glass 98%, tip 2 .i2y�. Up  Texas co. 79 i up i United aircraft 59%, off 1% Standard Oil of Clit Orrin 54. Off i a. New York up the closing Range of Dow Jonos averages Mon Day open close change 30 industrials 389.32 587. I off o.20 nails 161.60 16145 up 0.58 15 utilities 90.78 .Ilu up 0.02 65 stocks 204.62 204.28 up o. . Stock Market closing prices by in Ioctl press International alcohol poisoning fells 3 More Norway seamen port said Egypt a three More norwegian seamen tuesday were reported in grave condition from the effects of poisoning from alcohol they drank aboard the norwegian Tanker Bra Tamisea.  Crew members of the Brita sea died monday of Al Cohol poisoning. Twenty others were taken  Ismail a Hospital for treatment. End of trusteeship gains United nations . A the United nations trusteeship Council has recommended 12-1, that fhe trusteeship status of the French cameroons be ended Jan. 1, 1960, when that West african territory attains Independence. Monday Friday Alco products 20% 20% Allegheny Ludlum steel 50 a Allied chemical 99 a 98 Allis Chalmor 27% 27 a a Morinn airlines 28% 28% Amer Broad Paramount 22 21 american Cyan amid 47% american Metal 29% 29 a american motors 33% 33% american Radiator  of 16% Amor smelt & Raclin common 52 american t & 238% 237 a american tobacco 96% 99 Anaconda Copper 69% 68% Armour common 28% 27 a Atlantic refinery common 49% 48 /0 Avo mfg. 12 11% Baldwin Llma Hamilton 4 a 14% Baltimore & Ohio 42% 42 of Beech aircraft 32 32va Bendix aviation 72 a 71% Bethlehem steel 92% 52% booing air Plano 40 / 4l a Burlington industries 15% 15 a Campbell soup 52 a 5l / Canadian Pacific railway 30 a 30 a Carrier corp. 44% 43% celanese corp. 27% Chrysler corp. 53% 53% Columbia Gas system 22% con. Edison 63% 63% Continental steel 6 65% Crane co. 37% 37 a Curtiss Wright 29% 29% Douglas aircraft 31% 34 a Dow chemical 79% 79 a Dupont  Nemours il3/a 2l5va Eastern airlines 30 a 30 a Eastman Kodak 141 144 Fairchild eng & air plane 10 9 general dynamics 59% 59 a general electric 78 77 of general foods 73 a 77% general motors 46% 46 Gillette co. 4c 46va Gumbel Bros. 4l a 4l / Goodyea tire 123 23 a Gulf Oil ll4 /4 114% int. Business machines 903 506 int. Harvester 41v 41 a int. Nickel 91% 91 a int. T6vt 62% 61 Jones & laugh ill 63% g3 Ken Norcott Copper 107% 104% Lockheed aircraft 29% 30 Sloew a inc. 21 21 Montgomery Ward 41 41 Morris Philip inc. 59 a 62 National aviation 27 / National Cash Register a 73 a 12% National distillers 31 a new York Central 26% 26% North american aviation 4l Olid Matheson 45 /4 44% Owens Corning fiberglas 65 a 84 pan american airways 28 Paramount pictures 46%. 46va Pennsylvania . 16%  a Pepsi cola z9 a Phillips Petroleum 49% 19% pure Oil co. 42 41% Kadio corp. Of America 47 48v� Republic aviation 26% Iwa Republic steel a i it Reynolds metals a 0� Sears Roebuck ,48 43% Skully Oil Sochi in Mobil Southern Pacific Sperry stand corp. Standard brands Standard Oil California Standard Oil Indiana Standard Oil new Jersey Studebaker Packard Swift & co. Texas co. Texas Gull Sulphur trans world airlines Union Carbide Union Pacific United aircraft . Rubber . Smelting . Steel Warner Bros. Pictures Westinghouse electric Woolworth . Co. Monday 67v, 46 /4 65% 22 a 67% 54 a 47% 52 22 /417% 123 37%5y% so a 36 89% 29 /3 74 /4 Friday 67 46tt 55v4 22 a s514 37% i7 a 122% 37m 49 39 74 55 /4 prices Friday bid asked 7.24 7.83 5.54 5.71a.ao 17.04 a a Mutual funds monday bid asked 7.24 7.83 affiliated fund 5.56 6.07 atomic fund 5.76 6.26 axe Houghton cd 8.54 9.28 ago a Owighton cd 17.06 18.44 Boston fund 18.72 20.25 Canadian fund 18.66 4t96 16.17 Canada general 14.95 19.65 21.25 chemical fund 19.61 9.71 10.55 Commonwealth inv. 9.66 14.67 15.95 Commonwealth st. Cd. 14.64 11.96 13.15 Delaware fund 11.94 3.01 3.30 dividend shares 3.01 12.65 13.75 Dreyfus fund 12.62 23.22 24.83 Eaton & Howard bal. 23.23 23.47 25.10 Eaton & a win st. Cd. 23.45 15.77 17.05 Fidelity fund 15.72 4.50 4.55 financial Industrial 9.95 10.00 founders Mutual 9.95 19.91 fundamental investors iii.50 17.41 17.93 growth in Idilsy. Shares 4.94 9.40 Hamilton cd h.-c7 4.94 4.89 bid Hamilton cd. Hda 4.89 2.51 2.75 income found. Fund 2.52 10.95 11.38 institutional found. 10.91 11.10 12.14 institutional growth 11.02 10.27 11.22 inv. Co. Of America 10.25 22.61 22.61 Johnston Mutual Fusil 22.55 6.45 7.12 Knocker Bocskei fund ii.48 11.56 12.64 Lexington ventures cd. Ii.40 12.91 13.96 mass. Inv. Growth 12.86 13.21 14.28 mass. Inv. Trust 13.20 3.36 3.65 Mutual Trust fit. 3.35 11.93 12.90 National invest  4.34 4.74 Nat . Series 1.32 7.37 8.05 Nat Sec. Growth a34 8.81 9.63 National see. Stuck u.79 6.45 7.05 National Sec. 11ncome .44 11.87 12.97 Nucleon lab u. &   16.95 18.42 Pioneer Mutual fund 16.88 13.74 14.93 Putnam George cd. 13.72 37.25 39.75 state Street 37.25 9.69 10.59 Texas fun .u7 13.97 15.23 television elect. I3. 11.8? 12.90 United accumulative Il. 10.92 11.87 in Lou i income 10.89 12.31 13.45 of Litou suit  12.34 8.10 8.85 Wall st. Inv a Uram 8.0v 10.15 11.09 Washington Mutual 10.13 13.84 19.09 Wellington fund 13.83 sex dividend 6.0s 6.22 9.24 18.42 20.19 18. 21.20 10.53 is.9i 13.19 3.30 13.72 24.84 2s.07 19.90 4.58 10.80 19.89 9.40 by 2.70 11.93 12.09 11.20. 22.55 7.11 12.80 13.99 14.37 3.84 12.84 4.72a.02  7.04 12.91 19.31 .19.78 19.99 19.14 12.67 11,8 9.m11.01 1101  
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