davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-02-18
YOUR
MONEYS WORTH
Investors Unperturbed
N SYLVIA PORTER

In November 1853, when
stock market prices were far
above today's levels, the big
gest brokerage house in the
world conducted the largest
survey ever made of stock
holders actively investing in
the market and asked them,
among other pertinent ques-
tions. what their investment
plans were for the next six
months.
/ An overwhelming percentage
replied that they intended only
to buy stocks and only a plea
Tyune few said they intended
only to sell.
Since that survey was made
the stock market has gone into
a noSedive.
Against that background, nc
one could have blamed the in
veStors who in November said
they planned to buy stocks for
changing their minds in the
past six weeks.
Mind Unchanged
But did they change their
minds? No. They kept buying
stocks heavily in January. and
they've kept buying right up
to today.
And this goes for big inves-
tors, small investors, profess
sionalS and amateurs.
The sudden doubts about the
power of the current business
upsWing that hit industrialists
in mid-January haven't per-
turbed them. The rapidity of
the stock price slump hasn't re-
PEELED them. Actually, even
among those who last fall
thought business and the mar
ket would decline, $50 per
cent still planned to buy stocks
and apparently have been or
are now doing so.
Today. Merrill Lynch, Pierce.
Fenner & Smith. Inc. released
along with its annual report its
second nationwide survey Of
its customers. This one firm &C
counts for over l3 per cent of
the round lot and over 81 per
cent of the odd lot trading VOL
ume on the New York Stock
Exchange; 40 per cent or 49,
600 of the customers to whom
it sent its QUESTIONABLE re-
sponded. There is no doubt
that the basic attitudes and
aims of the Merrill Lynch Gus
toner reflect" as the firm puts
1t, those of the actively in
veSting public
What, then, did the nation S
investors in November think
business would do in the next
six months? Almost 60 per cent
expected it to get better, most
OF the rest expected it to stay
about the same, only 5 per cent
expected business to get worse.
What about the stock mar
ket's trend for the six months? ?
The percentages were about the
Evening star., 1960-02-18

same except that 10 per cent
looked for a market decline.
That's an intriguing twist :
twice as many thought the mar
ket would decline as expected
business to decline.
Plans Outlined
What did they plan to do
in the market in the six
months?
OF the $4,000 surveyed, g.
200 planned to buy only, 53,400
planned to buy and sell, 1900
planned neither to buy nor sell
and only $500 planned to sell
only.
What actually have they
done? A check with Merrill
Lynch's head Office disclosed
that their customers bought
on balance 871,205 shares dur
ing January's price plunge and
another 10000 shares through
February IL. AS one of Merrill
Lynch's officers said with OBJ
vlous astonishment. They have
done what they said they would
do"
Admittedly, a startling total
of today's active investors are
neophytes; almost SO per cent
have bought their first stock
since 1850. And, admittedly,
neophytes tend to be more OPP
timistic than longtime pros.
Nevertheless, when Merrill
Lynch made its first investor
survey in the fall of l957-a
time of deepening recession and
the shock of the first Soviet
sputnik-itS customers revealed
themselves generally optimistic.
Time proved them right"
Hopefully, time also will
prove this group right.
Distributed 1860. by the Hall
Syndicate Inc. All RIGHTS Reserved
Evening star., 1960-02-18
LeWPurchase!
; YMS Stores
From Cowens

Young Mems Shop of Wash
ington, Inc. which operates
three stores here, has beer
sodl by Edward I. Cowen and
his son, Chester M. Cowen, fol-
an undiscloSed price, it was
announced last night.
Martin B. Levy. who has
been associated with two Gin
cinnati wholesale firms dis
trlbuting mems furnishing
lines, is the purchaser.
Mr.. Levy said he will con-
tinue' operations of all three
stores. He worked previously
for his father who operated a
retail mems wear store in his
native town of Uniontown, Pa
The transaction was re-
ported to be on a straight cash
basis for the 100 per cent stock
of the Cowens. Mr.. Levy took
possession yesterday.
Y.M.S. operates a main store
at 1923 F street NV, and
branches at 3942 Minnesota
avenue NE. and at I'LL North
Highland street in Clarendon,
Va.
The elder Mr.. Cowen has
been associated with Y.M.S.
since 1888. He bought sole
ownership of the firm in 1857
from the founders, Sidney C.
and Edgar kaufman. The firm
was established in 1911 as
a mems wear retailer and
branched out into women'S ap-
parel in 1912. Children's ap-
parel is also handled in the
Minnesota avenue unit.
Mr.. Cowen said he is unde-
cided on his future plans, but
indicated he might enter the
business counseling field.
Evening star., 1960-02-18

The orchestra counts heavily
on a secret weapon: its loyal
corps of music fans.
This is the group which has
been entrusted with the task
this year of raising S255,000-
a sum which the symphony
must have to balance its budg-
ct for the coming season. The
sustaining fund drive, which
began in November, will end on
March 81.
In some past seasons. the or
chestra chalked up deficits
that once amounted to an ac-
cumulated total of about $780,
900. Now, however. that deficit
has been eliminated. and SYM
phony officials hope to keep
their finances on an even keel
in the future, with the help of
the sustaining fund.
Record Attendance Seen
Some signs are hopeful. At
tendance has risen steadily in
the past four years, and is
expected to reach an all-time
seasonal high of 10000 this
year, according to officials.
The orchestra has attracted
four sellout houses at Con-
stitution Hall already this sea-
son worth about $1,000
each). and average attendance
is about $500 a concert. The
auditorium seats 1910.
The organization also enjoys
a small but growing income
from its recordings, which in
clude performances for RCA
Victor and Westminster.
Primarily, however, the Or
chestra relies on box Office ap-
peal for its principal source
of revenue (almost $500, 900
expected this season from
Washington and tour appear
ances). Officials are encouraged
no. only by the larger crowds
but also by the variety of peo-
pie the concerts attract.
Orchestra officials admit that
financing an operation of this
size is a headache at times
but not without its rewards.
I'VE are fortunate to have a
dedicated group of volunteers.
Mr.. Dougherty asserted. All
the year around they work like
dogs. It's because of them that
we continue to operate"
Evening star., 1960-02-18
B&O DiscIoses
January Profit

BALTIMORE. Feb. 18 (AP)
The Baltimore & Ohio Rail-
road reported net income fol-
January was about S815,0OC
compared with a loss of ST.
715,000 for the same month a
year ago.
January operating revenues
approXimated S34,554,000, an
increase of about Is per cent.
Evening star., 1960-02-18

dent CT Gull OH Corp. here to-
He listed ever-increaSing t
pletion allowance and the prest
program in an address before
the Washington Society of In
vestment Analysts at an Occi-
dental luncheon.
The gasoline sales tax now
averages 10 cents a gallon or
Al per cent of the retail price,
Mr.. Naylor pointed out. The
tax bite on motor fuel alone
exceeded S4.8 billion in 1859
and in 1860 will be S5.4 billion
with S22 billion going to the
Federal Government and $3.2
billion to State and local gov
ernments, he said.
The petroleum industry's eff
forts to fight initiation have
been destroyed by these ever
increasing taxes. Mr.. Naylor
charged. Since 1850, taxes have
increased an average of 38 per
cent while the retail price of
gasoline before taxes has risen
only 2 per cent. he added.
Defends Allowance
The depletion allowance has
been under increasing attack
by some members of Congress,
who term the allowance a tax
loophole. This implies that the
industry is not contributing a
fair share of the Nations tax
burden and that We are max
ing excessive profits as COM
pared to other industries. These
implications are entirely false"
he said.
THE depletion allowance
recognizes that sales out of our
depleted reserves represent dis
position Of a capital assets.
Suppose you invested 81 mil
lion in stock and then started
selling the stock one share at
a time at the purchase price.
You would not expect to pay
tax on your returned capital.
Since the depletion allow
ance encourages development
of domestic crude reserves it is
more important to the welfare
Of the Nation today than ever"
Turning to the import con-
troll problem, Mr.. Naylor said,
Even though we agree that a
sensible balance should be
maintained between domestic
production and foreign crude
imports. we do not agree that
the present mandatory import
control program is sound.
Called COnfscatory
I'VE believe it is confiscatory
IN nature-that is, it con1scates
the earning potential of far
sighted investment in foreign
crude production and domestic
refining capacity built to utilize
this foreign crude"
Mr.. Naylor said this policy
again points out the willingness
of our Government to penalize
the successful and subsidize the
unsuccessful.
1T does not recognize the
fact that some areas can be
economically supplied with for
etgn crude while other areas
cannot. Why should a Mid
Continent or West Texas refner
receive an import quota?." he
asked. I'VE believe that a pro-
gram as ill-advised as this one
will surely be revised"
Steady growth lies ahead for
the industry with domestic de-
mand expected to increase 3 per
cent each year for the next five
years and world demand ex-
pected to rise 6.5 per cent a
year in the same period, the
speaker said.
Gulf Oil expects to share in
the petroleum industry's growth
and prosperity, Mr.. Naylor con-
tinued. He predicted operating
volume in 1860 will exceed last
years and capital expenditures
should approximate $340 mil
lion this year, up around IS per
cent from 1859. Earnings last
year were at near-record levels
and should reflect good growth
in the years ahead, he added. !
Evening star., 1960-02-18
Business
Oil Industry Faces
Problems Mcde Here,
Gulf Official Says
BY DONALD B. HADLEY
Star Financial Editor

The petroleum industry faces steady rise in
its products but facing three serious problems generated
in Washington declared William Nayor senior presi-
dent Of Gulf Oil Corp. here today.
He listed ever-ncreaSng taxes, unfair attacks de-
present nequtable" import control
Evening star., 1960-02-18
TREASURY BONDS

NEW YORK. Feb. II CAP. .-Yester-
day's closing Over-the-cOunteT United
States Government Treasury bonds:
Evening star., 1960-02-18
OVER COUNTER

Washington listingS on over-the-
counter markets furnished by the Ma
tional Association OF Securities Dealers
as OF | pm Thursday February Is:
Evening star., 1960-02-18

seconds
State income taxeB.
Evening star., 1960-01-31
MONDAY

9-As the World Turns. Seriol.
200
4-Queen for a Day. GiveowoY.
7-Doy in Court. Triol.
9-For Better or Worse.
2:30
4-The Thin Mon. Comedy.
5-Woy Of Life. Dromo.
7-GoIe Storm Show. Comedy.
9-House Porty. Variety.
Monday Listinss Cont. on Next POse
Evening star., 1960-01-31
AFTERNOON
1900

4-Truth or Consequences.
Bob Barker, host
5-Romper Room. Kids
! Hour. Connie 5ohlin. teacher.
7-RestlesS Gun. Western.
John Poyne stors.
9-love OF Life. Seriol.
1870
Alt Could Be You. Color.
Evening star., 1960-01-31

7-Love Thof Bob. Comedy.
RERUNS. Bob Cummings Show.
9-Seoreh FOR Tomorrow. Serl.
l2:45
9-Guidins Light. Serial.
100
4-Motinee Four. Movie.
I Hour. Small Town Deb"
l94l. Jone Withers. Jane Oor-
we'll.
5-The Big Movie.
IA Hours. ~ Remember Mama"
Port |. l948. Irene Dune.
7-About Faces.
Ben Alexander, host.
9-Theoter Of Stars. Oromo.
"The Montrop." Shelley Winters,
WiIliom Bishop.
1870
~ Married Joon. Comedy.
Joon Dovis stors.
Evening star., 1960-01-31
February !

1880
4-Concentrotion. Game.
Hugh Downs. host.
Slime for Science.
Darrell Drummond, teacher.
7-People's Choice. Comedy.
9-Deeember Bride. Comedy
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08

Sharon Foundagun left by train
Friday for Flandreau, South Da.
kota where she will attend school
Mrs. Lee Burns, Diane, Jimmy
and Billy Boushie were in Cut
Bank Saturday.
Leona Brown and Helene Ed
kins were in Great Falls Friday
and Saturday shopping.
Mark Wilson underwent surg
cry in Whitefish Friday. All his
friends wish him speedy recov-
cry.
Marion Walsted from Waller
was a guest at the George NOLAN
der home on Saturday.
Mr.. and Mrs. Sheldon Conner
were in Cut Bank Wednesday.
Vic Overcast went to Helena
Friday to the mid-winter Legion
conference.
Mr.. and Mrs. Gene Jacobson
and family spent Friday and Sat
urday in Shelby. Sunday the Gene
Jacobsons and Jake Jaeobsons
went to Cut Bank where Terry
played in a music hour given by
Mrs. James Ellis.
Mr.. and Mrs. Charles Tobin
were in Cut Bank Friday shop
ping.
Mr.. and Mrs. Geo. Edkins were
dinner guests of Mr.. and Mrs.
Irwin Turvey Thursday evening.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08
All Awards Presented At
Annual Achievement Program

Fitzgerald, Mrs. Anna Fitzgerald,
Mrs. Eileen Pepion and Mrs.
Alice Ingram.
Second year seals to Mr.. and
Mrs. James Kittson.
Fourth year seal to Mrs. Polite
Pepion. Seventh year seal to Mr..
William Grissom. Eighth year
seal to Mrs. William Grissom and
ninth year seal to Mr.. Polite
Pepion.
Club awards were a gold seal
to the Browning All club and a
blue seal to the Robare All club.
County winners in the national
All awards program and the
awards sponsors were as follows:
Achievement Ford Motor Coz to
Ernest Pepion); Agricultural On
ternational Harvester) to Roy
Davis; Beef (E. l. DUPONT De
Nemours) to Bruce Davis and
Donna Kittson; Frozen Foods
whirlpool Corp Donna Doore;
Geraldine Rutherford, WiIlena
Wagner and Donna Kittson; Dress
Review simplicity Pattern) to
Rosemary Armstrong and Anna
Douglas; Garden (Allis Chalmers)
to Roy Davis; Home Economics
Montgomery Ward to Rosemary
Armstrong and jeanne Johnson;
Leadership edward Foss WILSON,
to Mary Lynn Lukin; Canning
Kerr Glass to Willena Wagner
and Donna Wagner; Clothing
Goats and Clark to Donna Fish
er; Food Preparation General
Mills to Donna Wagner, Cheryle
Momberg and Helen Ann Ken
nedy. Tractor STANDARD Oil Foun-
dation) to Roy Davis.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08
Little Badger
BY Ivan ST. Goddard and
Nelson Bull Plume

The school had its first party
last Tuesday evening with ten
members present. Georgianna
Mad Plume won the door prize
candy, cake and kool-ade were
served. We also drew names for
exchange gifts.
The PTA had a meeting last
Monday evening and some new
officers were elected. Vice-presi-
dent for now is Levi Bull Plume.
Irene Butterfly, secretary. Song
leader is Anna Moose and she
wants a title song to open the
meetings with, one of the Starr
School PTA song leaders favor
ties, Ladies Man"
Well, it looks like our must
clan has gone and Joined the
Harlem Chicks and no one
around here hasn't got any ex-
perience to run a graph-o-phone.
Oh, we'll, we don't worry about
that. There is Leslie Boy Chief
and his merry men, six piece
musicians all home made instru-
ments too, at no charge. There
vocal singer is Moose.
Donald Choats and some others
were out fishing one day last
week and while he was still day
dreaming along the river bank
he fell over into the creek he
went right through the ice. The
herder had to drag him out with
his saddle horse.
Mr.. and Mrs. Morris st. God
dard were here visiting the
school on Friday afternoon. Also
visiting the school was Irene But
terfly.
Rev. Bell was here visiting the
school and he will be around
again soon.
Clarence Butterfly is back on
leave, from Fort Harrison. He
will be returning maybe after
Christmas.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08

Dinner guests of Mr.. and Mrs
George Mollander Sunday eve.
ming were Mr.. and Mrs. Lyle Nc.
Mullin and children.
Mr.. and Mrs. Wayne Molgard
and children went to Spokane for
few days shopping and visiting
friends.
Mr.. and Mrs. Bud Mahoney and
children went to Great Falls on
Sunday for a few days.
Mr.. and Mrs. Frank Krshka had
dinner at the Vets Club in Cut
Bank Friday night.
There will be a basketball game
here Friday night, December 9,
at z pm. between East Glacier
and Sunburst.
Mr.. and Mrs. Brock Stevenson
were in Cut Bank Friday shop
ping.
Lin McGlothlin from Cut Bank
was a weekend guest of Kelvin
Appel.
Mr.. and Mrs. Mark Hardick
went to Great Falls for a couple
of days last week to shop.
Helene Edkins and Josie Wilson
were in Cut Bank last Tuesday.
Our advice to you this week is
to take care of your heart, and
1.-Two a while
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08
Ids MISSIONARIES
VISITING IN BROWNING

Elder Harold B. Maxwell and
Elder James Earl Kemper of the
Church of Jesus Christ of Lat
ter Day Saints arrived in Brown
ing during the past week. They
will be spending several months
in the area.
A lot of activity is expected
here in Browning. The door-to-
door work previously used among
the mormon missionary has been
eliminated so anyone desiring to
see them should either contact
them at the church or one of the
members of the church. They are
very DESTROYS to explain the
claim of a Restored Church to
all interested persons.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08

Mr.. and Mrs. William Bigspring
went to Great Falls shopping on
Thursday.
Mr.. and Mrs. Cy Stevenson and
Mrs. Irma Hughes went to Mis-
soula Sunday to visit Don Stew
enson and family. Don is being
transferred to Sitka, Alaska and
the family will be flying there
next week. Don is with the U. S.
Forest Service.
Barbara Bensen returned from
Anchorage, Alaska where she
spent a few weeks with her par
ents, the Robert Bensens.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08

At the annual Achievement
night program for the west end
of Glacier county on November
% at the Browning high school
auditorium, individual, club and
county All awards were present
ed for the year completed in
195960.
County Extension Agent John
Toliver served as master of cere-
monies. Skits, presented by the
All members, included a guitar
solo by Leona Doore, and a com
edy, Merry Wives of Robare," by
the Robare All club, a hypno-
tism skit with Stella Armstrong
as Mandrake" by the Browning
All club, and a skit entitled,
Soldier Boy" given by the Squaw
Flat All club.
Robert Durham, Associate Coun-
ty Agent, spoke concerning the
accomplishments of the All mem
bers, and the number and quality
of projects carried on during the
past year. Phillip Ward, Jr., pre-
sented individual member
awards. A. M. Greenshields pre-
scented leader and club awards
and Bill Grissom awarded pins
for individual excellence.
Associate member awards were
given to Janice Davis and Deb
orah Pepion. First year certifi-
Gates, pins and seals went to
Laura Armstrong, Margaret Co
bell, Stephen Conway, Marian
Davis, Jimmy Fitzgerald, Zenith
Fitzgerald, Malcolm Hagberg,
Judy Jordan, James Kittson, Judy
Jefferson, Betty Pepion, Karen
Pepion, Gerry Rutherford, DON
ma Wagner, Michael Harwood,
Marilyn Pepion and Rose Racine.
Second year seals went to Kar-
en- Anderson, Eva Cobell, Bruce
Davis, Roy Davis, Anna FitZger-
aid, Jimmy Galbreath, Helen Ann
Kennedy, Geraldine Kipp, Donna
Kittson, Pam Momberg, Kathy
Nelson and Willena Wagner.
Third year pins and seals went
to Stella Armstrong, Lockley
Bremner, Sandra Davis, Cheryle
Momberg and Joy Pepion.
Fourth year seals went to Zita
Bremner, Kathy Douglas, Donna
Fisher, Mary Grissom, JoAnn
Johnson and Daniel Pepion.
Fifth year pins and seals went
to Rosemary Armstrong, Donna
Doore, Anna Douglas, jeanne Jor-
dan, King Kuka, Elouise Pepion,
Ernest Pepion, Roberta Songret,
Linda Pepion and Donnie Pepion.
A sixth year seal was presented
to Mary Lynn Lukin.
Leaders awards were: First
year certificate, pin and seal to
Mrs. John Walters, Mrs. Ruth
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08
CECIL CLARK DIES IN BUTTE

Cecil Clark, known as the Irish
Indian" of Butte, died Sunday at
the age of "a.
Born on a ranch in Madison
county, Clark was a salesman for
a wholesale grocery company, an
amateur poet and a close friend
of the g lish Indian tribe of
northern Montana.
See Us For Job PRINTING
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08
East Glacier Park
by EIyds UhI

Mr.. and Mrs. Kenny Brown
entertained at a dinner party
Saturday night. Guests were Mr..
and Mrs. Duane Appel, Mr.. and
Mrs. Lyle McMullin and Mr.. and
Mrs. Frank Krshka.
Monday night there was a Cub
Scout pack meeting. Two educa-
tional films were shown, one was
Guided Missiles" and the other
was Montreal"
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08

Perfect attendances for Novem-
Der are Ivan, Shirley and Min
Meta st. Goddard, Tommy But
terfly, Donna Jean Many Guns
and Gloria Spotted Wolfe.
Tom Weasel Head is visiting his
daughter, Fannie Bullplume.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1960-12-08

Our advice to you this week is
to take care of your heart, and
live a while.
Evening star., 1960-09-28
The Fairfax county League Of

The Fairfax County League of
Women Voters. formerly a
strong supporter of the pro-
posed "urban-county" plan, has
dropped its support.
The league no longer favors
the plan, according to Mrs.
Terry ]. Dalton. county league
chairman. because it will not
prevent annexation by neigh
boring cities. Annexation pro-
lection. Mrs. Dalton said, is
still considered of paramount
Importance"
Instead. the league advocates
fuller utilization under the
present form of county govern
ment Of existing sanitary dis
trict authority.
A majority Of the membership
feels, she said, that the present
county government can offer
county residents as many Serv-
ices through creation of sani-
tary districts as does the urban
county plan.
Twelve of the county's 18
units reported they lao longer
supported the plan after a study
of alternative forms of govern
ment.
The remaining six units con-
Evening star., 1960-09-28
Foirfox Women Voters
Drop 'Urbon' Plan

tinue to support the plan, she
said. In these units, she added,
there was considerable criticism
Of the lack of services and at
tention to public opinion on
the part Of the present county
government.
Furthermore, Mrs. Dalton
said, even the strongest pro-
Evening star., 1960-09-28

ponents OF the plan largely op-
pose the referendum in No
vember. The county's Civic
Federation has filed a petition
asking for a November vote on
the plan.
At the same time the league
expressed criticism of the Board
of Supervisors which, it said,
should become better ac-
quainted with local problems"
The league also agreed to
support efforts to obtain a city
charter for use when the county
is ready to assume that status.
Evening star., 1960-09-28

orthodox church in Arab coun-
tries as we'll as in the United
States and Latin America.
Archbishop MakarioS heads the
Greek Orthodox Church on
Cyprus. ...
In a telegram, the patriarch
told Archbishop Makarios: rs
rael is the bitterest enemy of
the entire Arab nation"
Israel announced recently
she will send an ambassador to
Cypus. Arab countries boy
cotted a recent trade fair on