European Stars And Stripes (Newspaper) - August 12, 1959, Darmstadt, Hesse                                Wednesday August 12, 1959 the stars and stripes Page 23 worst Orer say brokers after severe Stock losses new Fork up Stock brokers generally agree that the worst of the Stock Market s most severe decline in almost four years is Over. The decline monday wiped about $7 billion from Stock values. Brokers agree that the Selling which sent the Industrial aver age Down 14.78 Points was principally the result of profit taking following the Market s recent surge to new highs. The free life g is that the Selling will set a new base from which the Bull Market can resume its Advance. Martin Gilbert analyst for Van Alstyne Noel and co., summed up the thinking of the majority with the1observation the worst is  opposing View however economist Eliot Jane Way termed it a significant interruption in the Bull Market and said the pause May be More protracted than Many now anticipate. He said the weakness of the Market was evident in the spread of the decline from defense stocks and so called Glamor issues to stocks in such Basic industries As steel Copper autos and aluminium. Brokers were pretty unanimous in discounting the proposed Exchange visits of president Eisen Hower and russian Premier Nikita s. Khrushchev As cause of the decline. But they said the meet Ings could have been an excuse to sell. There had been talk that if the meetings resulted in a cold War thaw . Defense spending might be Cut Back. This would be a blow to such industries As air Craft and electronics. 1955 decline monday s decline was the Sharp est since sept. 26, 1955. That was the session following or Eisen Hower s heart attack. At the lows monday individual losses ran past $12 a share in a school administrators Confer conferring at Berchtesgaden Germany during the Safe school administrators conference Are from left Spencer Myers superintendent of schools in Flint Mich. Joseph a. Mason Safe schools superintendent Lowell b. Fisher of the University of Illinois and Charles f. Ross con Ference chairman and Deputy superintendent of Safe s dependent schools. Is by Rohde Hurt 17.s., says Diplomat Orono me. Up Robert h. Thayer the state department s cultural Exchange chief said Here Many of the 1.6 million americans now living overseas Are not Good ambassadors for the . Thayer urged that the . Edu cation system be geared toward the world Outlook to Correct the shortcoming. Lie told a University of Maine audience that of the thousands of students who study or ,Only Abbi Jpn third Are Ven reasonably Well prepared for contacts with european people and fewer yet for visiting Asia or. The near East. Hundreds of thousands of americans Thayer said Are literally barging their Way into Contact with foreign cultures every Day and Are finding the going  All of the people work in g abroad he said convey impress Sions of the . To millions of foreign nationals each Day. Unfortunately these people. Do not always Aid the cause of Mutual understanding he. Said honeymoon for or rpm starts behind bars Des Moines. Iowa Thomas Mcneeley 23, did t spend his first night of wedded life with his Bride he celebrated a bit too much after his wedding Here and was jailed on a charge of. Driving while intoxicated. . Your guide to Good listening in the dec wednesday american forces network 0600 news 0605, hillbilly Reie Tlle 0630 request show 0700 news. 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Sports 1815, film on norwegian children 1830 traffic court 1900 Juke Box jury 1000 my Tittle Margie 2030 stat and Story Job news. Baseball21 5 pastures film 2225 2315 weather 1555 news 1600 it could be you 1630 matinee theater 1730 sky King 1800 chaplain s corner1816 Chapel 01 the air 845 new snorts 1900 tic Tao dough 1930 adventure at Scott Island 2000 adventure tomorrow 2030 Highway patrol 2100 bolii82200 Climax 2300 news Pupil level record seen by Jack Walters staff writer Berchtesgaden. Germany is the largest enrolment inthe history of Safe dependent schools 27,500, will begin when see Story on Page 9 classes resume sept. 10, it was Dis closed Here tuesday at the annual Safe school administrators con Ference. The figure represents an increase of about 2,000 Over the 1958-59 at Tendance Safe school officials said. The educational budget will increase $1.7 million Over last year to a new record of $8,754,000. Biggest problem in the Safe school system is obtaining Ade quate classroom facilities for students. Eleven thousand children will study in modern buildings and5,000 will attend school in quonset huts and other prefabricated build Ings. New schools will go into opera Tion this fall at Chelveston and Croughton England and Kadkoy Turkey. A seven classroom Addi Tion is under construction at Chaumont France. German of tribute to Everest tonight Wiesbaden Germany Spe Cial the Public was requested Tobe in their seats at 8 45 pm wednesday evening at the Frank Furter Strasse stadium Here to wit Ness the traditional German air Force Grosse Zapfe Strelch Cere Mony. The torchlight Parade an grand Tattoo is in Honor of Gen f f. Everest departing Safe com Mander in chief. The grand Retreat is scheduled to begin at 9 pm. The stadium is located across from the Haine Berg shopping Center. Entry to the stadium will be closed 15 minutes prior to the ceremonies. Tourists pay less As French prices climb Paris a French hotel prices have gone up but tourists Are paying less. The National Institute of Statis tics says hotel rooms Are on the average 15 per cent higher and meals 10.per cent More expensive than last. Year. But. Many tourists Are getting 17 per cent More francs because of the december franc devaluation. 85% raised prices hotel prices in France have tripled and meals doubled in 10years. The statistics showed that 85 per cent of the hotels had increase their prices. The rest had either lowered them 8 per cent or maintained them. Eighty three per cent of the restaurants have increased prices. Only 5 per cent have lowered their prices. Number of Pivotal. However a late rally pared Many of the losses. Brokers a 11 r i b u Ted the late comeback to buying by the big investment funds. They said the funds had been standing on the sidelines waiting for a Good shake out. The experts noted that the Toai Ket had risen sharply from la 1958 lows and was vulnerable to a technical correction. Some Stock prices had gone up 80 fast that they were out of line. Of a total 1,238 issues appear ing on the tape Only 121 were higher on the Day. Closing prices closing prices included electronics Motorola 110. Off 6 Beck Man instrument 53%, off 4 a Lytton Lori. Off 3 i Texas instrument 123, off 3chemicals Dupont 263. Off 7 Eastman Kodak 87%, off 2% Allied chemical 125, off Union Carbide 143, off 2% Monsanto 52 off 5. Steels Armeo 73, off 5 /4 Youngstown 139, off 4 Continental 71%. Off 3 . Steel. 100%, off 1% Bethlehem 54%. Off 1 Owens Corning fiberglas 83 /4 84 a pan american airways 25 26 Paramount pictures 43% 45% Pennsylvania . 16% ijv4 Pepsi cola j2 32 / Phillips Petroleum 48 48% pure Oil co 41% 42 a radio corp. Of America 8l 62% Republic aviation Isva t Java Republic steel 76% 77% Roynold metals is a 102% Sears. Roebuck a 45% Skelly in 6sv4 69% Socony Mobil Southern Pacific Sperry Rand corp. Standard Brand Sperry Rand corp. Standard brands Standard Oil. California Standard Oil Indiana Standard Oil new Jersey Studebaker Packard Swift &  Texas Gulf Sulphur trans world airline Union Carbide Union Pacific United aircraft . Rubber . Smelting . Steel Warner Bros. Pictures Westinghouse electric Woolworth . Co. Monday 44% 60 23% 70vi 70v, 52% 48 52 a la a 44 /84 2l i 20 14332% 48 c2 /3 31% Friday 45 70a 71 a 711452% 4�v,52% i2 45%86% 21%20% 145% 33% 89 56 a 82 56j4 Mutual funds prices monday bid asked friday., bid ask Ejk 7.88 8.52 5,60 5.91 17.89 18.99 15.48 11.88 10.23 16.07 12.89 3.16 14.71 6.11 6.42 9.17 19.34 20.54 16.74 12.84 11.12 17.47 14.17 3.4c 15.98 7.76 8.40 affiliated fund. 5.47 5.97 atomic fund _ _ axe Houghton cd. A _  cd. A 17.69 19.12 Boston fund 18.80 20.34 Canadian fund 15.33 16.57 Canada general 11.60 12.54 chemical fund 10.09 10.97 Commonwealth inv. 15.70 17.12 Commonwealth St. Cd 12.63 13.89 Delaware fund 3.12 3.42 dividend shares 14.34 15.59 Dreyfus fund 23.67 25.31 Eaton & Howard bal. 24.68 26.38 Eaton & How. St. Ftp. 16.78 18.14 Fidelity fund 17.18 18.57 4.59 5.02 financial Industrial 4.69 5.14 10.75 11.77 founders Mutual 10.99 11.96 19.73 21.62 fundamental inv. 20.19 22.13 18.98 19.56 growth Indus shares 5.18 5.67 Hamilton cd. B-07 5.29 s.78 5.14 bid Hamilton cd. Hda 5.24 by 2.58 2.82 income found. Fund 2.62 2.87 11.00 12.03 Institute l found. 11.12 12.16 11.65 12.75 institutional growth 11.91 13.81 10.90 11.91 inv. Co. Of America 11.10 12.13 24.20 24.20 Johnston Mutual cd. 24.65 24,88 6.73 7.39 Knickerbocker fund is 7,81 12.99 14.20 Lexington ventures cd. 13.35 i4.m i-t.23 15.38 mass. Into. Growth 15.73 14.04 15.18 Mast. Inv. Fruit 14.30 15.46 3.59 3.90 Mutual Trust cd 3.68 13.20 14.27 National invest. 13.50 14.59 4.35 4.75 Nat. Be div series 4.42 4.83 Nat. Sec growth 8.70 0.51 8.47 0.26 National see. Stock io.q0 8.46 7.06 National Sec. Income 6.54 7.45 13.18 14.28 nucleonics c pc e. 14.11 8.83 9.60 Pioneer Mutual fund 8.98 8.7 14.61 15.88 Putnam growth cd. 14.80 16.08 3u.50 41.50 state Street 39.50 u.6i 1050 Texas fund iv6ci 17.04 television elect. 16.01 United a accumulate 13.28 14.49 United income 11.6 12.71 United science 14.46 15.80 8.26 9.03 Wall St. Inv program 8.37 9.f  j 11-57 Washington Mutual 10.86 14.58 15.89 Wellington fund 14.74 i6.w