European Stars and Stripes (Newspaper) - July 15, 1963, Darmstadt, Hesse Monday july 15, 1963 the stars and stripes b Page 23 roil strike threat continued to hang Over Economy by Jack Lefler new York a the threat of an Economy crippling Railroad strike lifted last week but the possibility of a paralysis continued Tohang like a dark Cloud on the Hori Zon. With Only eight hours to go be fore the deadline president Ken Nedy persuaded the railroads to de Fer putting new work rules in Force and the unions to refrain from walking out. The president appointed a six Man labor management panel headed by Secretary of labor w. Willard Wirtz to review the 4 year old dispute. It will submit its report july 22. This nation faces widespread economic disruption dislocation and distress unless this dispute is settled by other Means or. Kennedy said. I continue to believe that this controversy can and should be settled by voluntary and if Congress acts perhaps to re quire arbitration before the july 29 deadline there will be no strike. But sen. Everett Dirksen Senate Republican Leader said Republic investing write Down Why. And save by Gerald m. Loeb new York Nana writing Down your cogent reasons for Mak ing an investment what you expect to make what you expect Torisk the reason Why should save you Many a Dollar. Years ago in the Early twenties i was initiated into writing Down my reasons pro and con before making a Purchase or a Sale. This was suggested to me of an investor who had amassed Many millions. During about 40 years of invest ing in stocks my major successes were invariably preceded by a Type of written analysis. Sudden emotional decisions have generally been disappointments. Writing things Down before you do them can keep you out of trouble. It can bring you peace of mind after you have made you decision it also gives you tangible material for reference to evaluate the whys and wherefores of your profits or losses. Quality not Quantity i have seen Many analyses some involving Many pages of information. In practice Quantity does t make Quality. When ail is said and done there is invariably one ruling reason Why a particular Security transaction can be expected to show profit. Writing it Down will help you find it. It will help you judge whether it is really As important As your first inclination suggests. Are you buying just because some thing acts Well is it a technical reason a coming increase in earnings or dividend not yet 1is counted in the Market Price a change of management a promis ing new product an expected improvement in the Market s valuation of earnings in any Given Case you will find that one Factor will almost certainly be More important than All the rest put together. Writing it Down will help you what you expect to make. It is important that this be Worth while. Of course you will want to de Clyde How much you can afford to lose. There will be a level at which you will decide that things have not worked out and where you will sell. Your risk is the differ ence Between your Cost and this sell Point it ought to be substantially less than your Hopes for profit. You certainly want to feel that the Odds As you see them rein your favor. Much More difficult All this self interrogation will help you immeasurably in the much More difficult decision when to close a commitment. When you open a commitment whether it is a Purchase or a Short sae you Are of to speak on your Home ground. Unless everything suits you. You Don t play. But when you Are called upon to close a commitment then you have to make decisions whether you see the answer clearly or not. The latter situation is like being stuck on a railway crossing with the train approaching. You Don t know what to do but you have to do something. Go backward go for Ward or jump out. If you know clearly Why you bought a Stock it will help you to know when to sell it. The major Factor which you recognized when you bought a Security will either work out or not work out. Once you can say definitely that it has worked or not worked the Secu Rity should be sold. One of the greatest causes floss in Security transactions is to open a commitment for a particular reason and then fall to close it when the reason proves to be it Down and you will be less Likely to find yourself making i revelant excuses for holding a Security Long after it should have been sold. Better still a Stock Well bought is far More than half the Battle. Pension plans not Only for bigger firms Newark . Up insured pensions for workers in tiny firms with As few As six workers not Only Are feasible but Are being written in increasing numbers broker David Kislak said. Kislak runs a Large comprehensive insurance real estate and mortgage banking business. He said he had set up insured plans total Ling about $2.25 million in pension benefits for a number of Small firms in recent months. Several he said had As few As six workers. In nearly every Case the employer was included in the pension plan. Combined life insurance he cited the following very Small plans he has set up quite recently one with $71,000 in retirement benefits for a Jersey City toy manufacturer and his seven employees. An $85,000 plan for a new York City exporting firm with Only six workers. One for $97,000 in benefits for a six worker builders firm in new Jersey. A $254,000 program for a West Chester county n.y., cleaning sup ply firm with 13 people. What makes these life insurance and payroll allocation plans so attractive Kislak said is that once approved by the internal Revenue service a sizable portion of the funds set aside for them is considered Ordinary business expense and is not subject to income gives example he illustrated by citing a hypothetical Little company with a pay Roll of $50,000. Five per cent of this or $2,500 is allocated to the pension plan to pay life insurance premiums and tension benefits. But the net Cost to the company is Only $1,200," Krisiak explains if the company is in the 52 per cent corporate tax bracket or $1,750 if it s in the 30 per cent the plan will give the worker a retirement Benefit of about 30per cent of his average salary when he retires at 65 on lop of his social Security benefits. In addition the worker would have life insurance coverage vary ing from $12,500 for the $5,000 a year worker to $40,000 for the Boss assuming his salary was $15.000. Business finance firm plans to expand Industrial Gas plants new York up air reduction co. Has announced it will build a $9 million Plant at Alton 111., to make Industrial gases. The company said it also will spend $5.5 million to expand its five year old Industrial Gas plan near los Angeles. The oxygen to be made at Alton oils paced fair Price Advance on amex last week new York up oils paced a moderate Advance on the Amer ican Stock Exchange last week. Trading totalled 6,373,875 shares compared with 3,646,150 in the pre Vious Holiday week and 6,460,995 in the comparable period last year. Among the oils Creole Petroleum Rose 4, Imperial 1%, and Sinclair venezuelan 1%. Gulton industries tacked on 1% in the electronics. O okie Copper Rose 4 in the metals. traded All week Rose 3. It has been rumoured the Stock will receive a favourable men Tion by an advisory service Over the weekend. Aerosol techniques advanced 3%, Aurora plastic 2, a. C. Gilbert 3m-, Heli Coil 2%, Liberty fabrics 17s, Ohio brass 1%, Pyle National 2vi, syntax 37s and Stelma 3%. However Rayette lost 5. Kansas Gas & electric 1% and Ford co. Of Canada i1/-. New York up the 10 most Active stocks traded on the american Stock Exchange Las week sales close change data control 317.500 2-1 /4 technicolor 273,500 in it Assoc of. & Gas i98.boo 5v, a red corp 04.200 8 Micals joining butadiene molecules to make Carbon ring structures the various Carbon ring chemicals have end uses in plastics Elastomer synthetic Fibre syn thetic lubricant and High Quality adhesives. The Plant to be finished by september will produce one Mil lion pounds a year. Cities service columbian Carbon division will i Market the products. . Exchange s most Active list new York up the 20 most Active stocks traded on the new York Stock Exchange last week. Sales High Low close change Chrysler control data Gillette Ponn 8 r Chen Wuy West Union Gull Oil elect in spec Sporry Rand Getty Oil Kayter Roth Sti Loil no pan am w air Glen Alden Ford Loral us steel us smelting Eleo trn Anoo am motor g5u.boo 2ui.800 215.100 i92.joo 155.000 152, 147.200 139.000 135.700 128.200 123.300 121.200 115.300 114.500 110.900 109.700 108,000 100.708 105,800 105,500 723 4 j6v� 204 Len 2 j s9 /8 40% i lift s3 /4 ifl3/. 47 a 88�. 60 a 57 58 /4 g53, 68 45v8 35ihv d 19% 104 03/4 20 28 /4 46% 48% 28 33% 14 a 15 24% 26 19% 21%w/, 69 / 4381/4 29 i5 /. L6 a 40% 51 a 15% 17% 46% 46% 76 a 79 i 52% 58% 17% i?7/ 5 /4 /2 i a % a % 2% 3/4 is a 1 -2 /4 i
