European Stars And Stripes (Newspaper) - May 14, 1962, Darmstadt, Hesse The stars and stripes 23 a 4 " lev Al a Iii we tag Ais i i Wuh of a we a pm a i palls i=sfe3�2l.pmanushwriter \ a year to minimize production spurt to its highest level of estimated j157, Pas a Rwm pjs pm rom to a i wl1h 14982 week be Ore a year fear Jer cars1 in 5 Ai r l hip vireo and Toni i we is i in ,. Whf pm i i con 3 Secretary Henry. Scene bus Incesti ? 4nd ,. Industrial failures f d of go 4 is is is Al " tit Kennedy und Slough j to Nan adversaries in the feh or Icen Nedy forced of steel Itrice it Raase a Blou ital 6- a a another word other development Lobor Otner. Kennedy that he As Well As profits the , " Blel 4jie United Auto work " Tor asian Etc c3ty, i 1 1 f i d Vage \ demands ire Price increases Are contrary to ithe Nal rite rest As Bunjac tidied profit is which require Price i cosh parcel Wius 6,418 in the comparable 1361 Jeriod i granites Cej co reported a Kex million ton Deposit of Iron Ore has been cond it Boa Ron Tyfo. Sears Roebuck a co. Soles in the first Quarter Etc ceded 1s billion first Himeji several producers hav raised. Paperboard Price about $10 _ a ton f blaming rising costs 4 general dynamics two if a Force con tracts. Amounting to $163 million Jor work Iron the Vittas intercontinental missile program. President married has Battle inflation one step further liberation from his Success tue to overthrow n steel ease continued f " Rit was a Weck in which Jabor department re declined by and employment increased holders of Hie new York Pennsylvania Railroad Sot the two City speech Law f or flies id the admin trait oilers a non inflationary Settle l he said the administration a get counter stocks sharply at West end new York up stocks ended the week sharply lower in Over the counter trading the Index Fot 35 representative Industrial stocks plunged to the lowest level since aug. 28, 1&61. The Index finished at 326.96the Low for the week and Down 6.32 from the previous a Eek s the Industrial list e. F. Mcdonald took the worst drub Bing off 14 at 86% and 86 respectively Dill Roncs dipped 6 to 28. Among like Many other Stock holders Pete Harpster is behind in a fitting Pete who s Only 13figures to hold on for a recovery Pete has been trading in stocks since he was 8 years old. His parents got him started with five shares of Elpaso natural Gas co. Now they let him Trade As he wishes with the advice of his broker. What does he think is behind the Stock Market decline which sent prices tumbling again and dropped the Dow Jones averages by 7.47? president he snapped. Pete explained he thinks or. Kennedy frightened investors by forcing the steel Industry to rescind its recent Price increase. Stockholders Are Selling outs a result he said. Pete has t sold and does t plan to although he behind More than $9 on his j336 portfolio. He is confident of an eventual recovery but cautious about forecasting. Is now a Good time to buy i d wait for a Little while Pete said. It should go Down Quick it n on Mutual funds this feature is presented As a service of tharett in cooperation with the firm of Beche a co. A what is a Mutual fund a. A Mutual fund is an investment company which offers diversification. And professional management. In effect there is a management committee that takes the Money that you invest and reinvest that Money in Bonds and stocks according to the fund s objectives. The management maintains a research department which keeps records of Alt securities in which they Are interested. They decide when to in and sell the securities. Whenever dividends Are paid by the Securi ties they hold they Are collected by the management and sent to you As shareholders every three months. In addition if a Security is sold and there is a profit that profit is also paid to you in the form of a dividend. One of the main advantages of a Mutual fund is that you have relative safety because you do not have Oil your eggs in one q. What is uie difference Between an open end and a closed end Mutual fund a in an " open end Mutual fund you buy shares directly from Jie Mutual fund. The Mutual fund simply issues new shares of Stock to All new shareholders in any Quantity that they desire. When you sell an open end Mutual fund you sell directly Back to the Mutual tend. In a closed end Mutual fund you buy shares from an individual who wants to sell in a closed end Mutual fund there Are a fixed number of shares. The Price of the closed end Mutual fund is determined by the demand and Supply of fhe Stock rather than the exact value of its holdings. The open end on the other hand Sells wording to its exact Vanluc. Companies to double Nosey Dollar value new York Ufa the a Jonal Stock Exchange reports tha Tive new companies which will More ban double the Dollar value of shares traded on the nation s new to Exchange Are preparing to list their Stock., but said j u e same Asil Juicy for a Nonini Alionar if applies Bot i to you i Inana Gemeny in Youir Forth lie aircraft " presidential actions of bus lines or pc Muddy de 4, his plan for tax withhold dividends and interest and Congress for standby Ai Thor Tail individual income by As much As flair Tor Lee refinery refining co., a subsidiary ,00 corp announced it its refinery Here around Jid of next month the facility about 12-workers. A nanpu Cement. Saldji that of � continue opera you 1 Tii rough certain economies air old that it is consider for the Purchase of merger Taix pausing for a dial outside of the civil acro Battai Board office in Wash Lincton before api Tearthur before the group Are Maloun a. Mad Tyre left president of Eastern air lines and o. in Rigi. Chairman and president of american air Totnes. Tace two were to give information on merger of the two major air carriers. Associated 1 Russ photo the companies Are the . Of South brain Trcic mass the California corp. For Bico Emieal research los Angeles the Colo Rado insurance service co. Den ver the Griffin industries. Gables Fla. And the Wells industries corp., North Hollywood Calif. Lawrence h. Taylor. Use chair Man also reported that applications from numerous other corporations were being processed by the Exchange and that a further substantial list of new company listings would be announced in the near future. He said the listings announce will mean in 11 per cent increase in Dollar value of shares traded in the use and bring 6,130 additional stockholders to the Exchange. Having a total of 23 million shares the new companies will in crease shares listed to 8 million and boost total Dollar value of shares traded from s10 Millilo h to$21 million. T the National Stock Exchange inaugurated trading on March 7 this year with the shares of eight companies. Iviam recording pact new York up metro Goldwyn Mayer inc. Has signed a agreement with Douts Chc Gram Mohone Gesellschaft. A German recording concern for distribution of its classical labels in the , ase follows . Board in decline new York up stocks on the american Exchange were sharply lower last week following the trend on the new York Stock Exchange but Selling pressure was much lighter than on the big although Many issues were off3 or More Points trading volume contracted slightly to 5,655.715shares from 5,791,720 a week earlier compared with 18417.790 in the comparable 1961 week. Universal controls topped the most Active list with a loss of to on 110,700 shares. It was follow Din turnover by magma Oil up 1% Arkansas Louisiana Gas Down 3%gellman manufacturing up 114. And Silver Creek precision unchanged. Electronics hit Aero Jet general featured the electronics with a loss of 754, Barnes lost 4& cubic. 394 Gal ton 6% microwave 4% technical materials 35. And technical operations 3h. An Cen plunged to in the Chemi cals where Standard brands paint loss 2% f Chesebrough slipped 3 inthe cosmetics. Liberty fabrics 3& in the textiles. Mead Johnson 514 in the drugs and Reliance insurance 5 is in the finance group. Canaveral International buckled 6% after n prolonged Tise and was among the e widest losers dips of 3 or More showed in Atlantic re search circuit foil Edo electronics specialities Gulf & Western Goodway printing Helicon National rubber machinery padding ton Prentice Hall. Puerto Leo Telephone Sli Erwin Williams steel of Canada United elastic an Talon a and a Stock. New York up the 10 most Active stocks traded on the american Slock Exchange Las week so a 97.wu 97,400 70.000 71.20 7.tm 33. is. 200 10.300 univ Contrail Muni Oil hit Sll a c pric 3m w air 0ll am a cow Sun Rit Occidental part Tot chant 37% 44 h . Exchange s most Active list new York up the 20 most Active stocks traded on the new York Stock Exchange last week Korvette Stic Highman a 27?.8ao. Safe cow Chow Gen . 6tml Stul pm j 4 � 3 to on it dutch Rand sen Lett Ferd 6im Ann 0 re Lull t & t it Elet on Oil Phi Burton gun lit i.3ua 38u is8.000 1311 i2s.3m i73.6m Jim. 117.790 9s 107,700 4vi 10i.3w a 3j a Homo Josi /. 3634 i7 w z2 i2 a Ian Sal i it 37 wac 17% i7h is s9v� 2w, we 81v," .03% Elf. 32 i it i 214322vii Ron out Tab 82,500 9�, 9 in m
