davidaulloa/AmericanStories huggingface dataset:
The Mississippi enterprise., 1963-03-09
Y CAMPAIGN LAUNCHED

7 CAMPAIGN LAUNCHED
The Advance Gifts campaign.
under the Leadership of II. E.
Briggs, will get underway Mon
day at 7 pm. with a kickoff meet
ing at Jackson State College.
All workers and interested
people were urged 10 be present
at this meeting. The Rev. J. W.
Brown. religious dean Of Jackson
State College, will be the speaker.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
By GERALD VI. LOEB
North American Newspaper Alliance


NEW YORK.-How much
change should you make in your
stock investments periodically
to realize your maximum Of
safety or your best possible
profits?
There is no pat answer.
A great deal depends on the
size and nature of your invest
ments; your detectives in the
market; the amount of time you
can devote to your securities;
the kind and quality of invest
ment advice available to you.
The latest edition of Arthur
Weisenberger'S annual ref
erence book on investment
trusts and mutual funds con-
tainS an interesting table on
how many stocks professional
management buys, sells and
switches in a year.
The investment company that
was most active (of % covered
in the study owned about 3.5
million shares of stock with an
average value of about S135 mil
lion. During 1862 it sold about
1.3 million shares and bought
approximately IL million. This
is a turnover of 40 per cent. |
think this aggressive policy Of
portfolio changes by a giant
fund will come as a surprise to
most of you.
Of the other % companies an
alyzed, 10 turned over about 20
per cent of their holdings in
1862; eight about 10 per cent,
and the lowest on the list only 2
per cent.
Different Ideas
1t is obvious that the fund
managers have different views
on how to manage a stock port
folio. The most active manager
has been quoted as saying,
stocks are bought to be sold. "
He has been very successful.
However, allowance must be
made for divergent detectives
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
d. c. SECURITIES

Bid and asked prices on stocks listed
on the Philadelphia Baltimore W Washington
Stock EXCHANGE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
CHICAGO GRAIN

CHICAGO tAPD The grain futures
market developed little firmness to-
day in most commodities although
transactions were unusually slow and
without any significant influences on
the Board Of Trade.
Brokers Siad a large elecator COM
pany was an active buyer o. December
wheat and that SPECTATORS seemed
moderately interested in other months
Commission House and industry buy
ing firmed corn as hedging pressure
eaSed somewhat, In soybeans. the only
demand appeared to be on resting
orders at Scaledovns.
Wheat was l4-lia cents a buShel
higher at noon, December S2l6l4;
soybeans ] cent lower TO "a higher
January S2.70ls. corn unchanged 10
"a higher. December Sl.lqls, oats e.
So higher, December % cents; rye
la-1la higher. December Sl4Sh.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
Stocks Mixed,
Autos SfrOnu;
AirIines Weak

NEW YORK (AP).-Strength
In some motors and weakness
in several airlines featured a
mixed stock market early this
afternoon. Trading was mod
crate.
Changes Of most key stocks
went from fractions to about a
point.
News that Studebaker Corp. is
ending its money losing car
manufacturing in the United
States and moving its operations
to Canada brought heavy buy
ing into Studebaker which ad-
vanced about a point, making a
big percentage gain for a low
priced stock.
The crash of a Pan American
World Anyways jet depressed
most airline issues. Pan Ameri-
can, after sinking more than a
point, halved the loss.
Selected strength in rails and
utilities helped keep the over
all list on a fairly even keel.
Steels worked slightly lower in
balance. Drugs and aeroSpace
issues also were off a bit on
balance. Electrical equipments
were up a little.
The rail components of both
averages were bolstered by
advances Of around a point by
Chesapeake & Ohio and more
than a point by Baltimore &
Ohio. These stocks advanced on
news that the Supreme Court
had affirmed a decision uphold
ing acquisition by the C&O of
control Of BIO.
Prices were mixed in mOder-
ate trading on the American
Stock Exchange.
Corporate bonds showed scat
tered strength.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
COTTON

NEW YORK CAP) Cotton futures
were lower late today in quiet trading
There were further evening up opeT-
atoms in nearby December and switch
ing from that month to later positions.
Trading in December 1868 contracts
expires on Thursday.
The Agriculture Department today
estimated the 1863 cotton crop at
Is. 54S,0O0 bales, up 100000 bales from
its month ago forecast The report had
little apparent effect on futures. Trad
ers generally felt that the higher report
simply meant more cotton will go into
the Government loan.
Late afternoon prices were s to 90
cents q bale lower than the previous
close. December 33.45. March 33.IS
and March 33.4S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
Furnished BY the Associated Press
List Includes Most Active Bonds

Win bankruptcy OF LeceiNeIshlp OF
Act, or securities assumed by such COM
panies. xxx interest. ct-Certificates.
nd Next day delivery. xw-Ex warrants.
st Stamped. f-Dealt in flat. x Matured
bonds, negStiability impaired by maturity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
YOUR STOCK PORTFOLIO
SeIectiVe Turnover
Called Constructive

in these funds, with varying
emphasis on capital gains, in
come and safety.
One of Wall Streets best in
veStment counselors told me
that results, not the activity in
an account, are what counts"
There is no over-trading if the
final net worth is hightr. Inac-
tivity in a portfolio does not nee
essarily reflect conservatism.
Sometimes it results in costly
neglect. Unfortunately, more
stocks 60 up and down than Just
up.
1t is generally assumed that
when you deal directly with
your broker your account will
show a lot Of activity. This is
not always so. Most likely you
are baSically preOccupied with
making a living and cannot de-
vote as much time to your in
veStments as you should. Pro-
feSsional investment counselors
have the time. However, they
differ widely in their opinions
on how much activity will pay
off the best, and how much
responsibility they feel they can
assume.
Banks Less Active
The investment management
department of a bank is almost
invariably less active than a
cOunseling firm. The policy Of a
bank is generally set against
assuming what in a dispute
might be termed excessive
risks" Less active again will be
the trust department Of a bank,
whose function is to conserve
capital, and it necessarily re-
suits in a minimum-risk policy.
What about your account?
There is no norm. Let US as
sumo it is large enough to con-
Sist Of a dozen round lots of
stock or more, and your aims
and risk-taking ability are about
average" Then perhaps a rea-
Sonable turnover method would
be to sell a couple Of stocks off
the bottom Of your list every
year, and add a couple Of more
promising issues in their place.
Those of you who are intent
on aggressive efforts at money
making, will only be satisfied
with a great deal more activity
in your holdings. To those Of
this type, l believe that constant
cultivation ordinarily yields
more fruit.
Any freShening up Of your
securities is better than a do
nothing attitude. Pruning and
grating are vital to any diver
sified portfolio, especially if the
stocks are somewhat static.
Copyright MANA, 1859
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
FOREIGN
EXCHANGE

NEW YORK (AP).-Foreign exchange
IN dollars and decimal of a dollar.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09

x Quotations for ioO-share lots. IN For
dividend. ! Plus extra or extras.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-09
ODD-LOT TRADING

NEW YORK CAP).-The New York
Stock Exchange reported today these
odd lot transactions by principal deal
ers for December 8: Purchases of 36S,-
397 shares: sales of 404.5S3 shares
Ilncluding 1926 shares sold short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
Mrs. Kennedy Joins in Honor
To Secret Service Agent

the Secret Service car located
directly behind the presidential
limousine when the assassin
fired his first shot. Agent Hill
Immediately ran from his vehi-
Gle while the bullets were still
being fired, climbed on the rear
of the Presidents rapidly NOV
ing limousine. and shielded the
President and Mrs. Kennedy
with his own body.
His extraordinary courage
and heroic effort In the face OF
maximum danger reflect great
credit on the United States Of
America, which can produce
such men. His dedication to
the highest traditions Of the
United States makes him q de-
serving recipient Of this
award"
Mr.. Hill, q native Of North
Dakota, Is q 1854 graduate OF
Concordia College In Minneso-
ia. He served, in the Army
Counterintelligence Corps be-
fore his appointment as a spe-
cial agent with the Secret
Service on September %. 1855
He was transferred to the
White House detail November
/, 1859.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03

The agent and his family re-
side in nearby Virginia.
Mr.. Hill is the seeond Secret
Service agent to receive COM
mendation for actions on that
tragic Friday IL days ago.
Rufus Youngblood, assigned
to protect then Vice President
johnson. was personally COM
mended by the newly sworn
President johnson for throw
ing himself over Mr.. johnson
when the shots exploded.
Yesterday, Mrs. Kennedy ex-
pressed her appreciation for
the thousands Of coincidence
messages from all over the
world.
In q statement, issued for
her, Presidential Press Secre-
tary Pierre Salinger said:
These expressions Of SYM
pathy have not only been q
source Of comfort TO her but
have renewed her strength
with q knowledge Of how many
Americans and people abroad
share her pride in the Presi-
dent and all that he stood for. !"
He said Mrs. Kennedy hoped
everyone would understand
how much she regrets not be-
ing able TO respond to each Of
these messages which have
meant 50 much to her"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
PRESIDENT

Continued From Page Al
knows what he would do. If he
were back in the Senate.
But he is not back In the
Senate. He is in the White
House. He is no longer the or
chestra leader, conducting the
Senate symphony. In q man
ner of speaking. he is in the
audience-and while discom-
fitted by the performance he is
fully conscious Of the hazards
of harsh criticism from where
he sits.
He will spare no effort
to get the civil rights bill
before the House and the tax
bill before the Senate-so that
both would be ready for debate
when Congress reaSsembles
early In January. He also
knows what might be-and
probably will be-done in an
effort to block even that small
accomplishment. But such
knowledge is not enough. His
problem as Chief Executive is
to combine his knowledge Of
tactics, pro and con, with the
subtleties of effective leader
ship.
He misses Uncle Sam-the
late Speaker. Sam Rayburn.
The two Of them, working to-
gether, knew how to run things.
He wishes his old counsellor
we're here to talk to him now.
He has taken as q prime OBJ
jective q reduction. by maybe
two billion dollars. Of the ten
tative budget planned by FORM
er President Kennedy. This is
not q simple task. Its accom-
lplishment is complicated not
only by the difficulty Of pick
and-shovel work in uncovering
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03

DR.. openheimer told the Presi-
dent.
DR.. Oppenheimer, who's,
security clearance was Cancelled
in 1854 by the Atomic Energy
Commission without question.
ing his loyalty, was selected fol
the $4,000 award by the pre-.
sent Acc and the late Presi.
dent Kennedy.
He was honored for "contri-
buttons to theoretical physics
as a teacher and originator OF
ideas and for leadership Of the
Los Alamos laboratory and the
Atomic Energy program during
critical years"
Headed Atomic Lab
DR.. Oppenheimer was the
administrator under WHOSE
leadership the first atomic
bomb was successfully devel.
oped at Los Alamos during
World War II. He now is direc.
tor Of the Institute for Ad.
vanced Study at Princeton, N. ]
Before a group of officials
members of the Joint Congress
sional Committee on Atomi,
Energy and friends of DR.. Op.
penheimer. President johnson
told him that he had given thu
Nation an example Of settinI
high standards Of achievement
Since the war" the Presiden
added in beStowing the aware
on DR.. Oppenheimer, you hav,
continued to lead in the search
for knowledge =. you havu
led in developing an outStand
ing school of theoretical ply
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03

.highlights Of the present Coun-
Gil, with emphasis on the pres
ence Of non-Catholic observers
and the complete freedom of
debate.
The present Council session
was attended by sc observers
from % non-Catholic churches
and bodies.
Laymen we're permitted to
speak at today's, ceremonial
session.
Jean Guitton, Sorbonne Uni
versity professor and a men,
Der Of the Academy of France
spoke about moves toward
Christian unity, or ecumeniSm
TO the heroic effort that
the Catholics are demanding
from their separated brothers
Catholics must respond with
humble and painful and mag
unanimous effort" he said. The
blood which achieves unity
cannot be spilled from only
one side"
Vittorio Veronese, q leading
Italian political figure who
once headed the United Ma
lions Educational. Scientific
and Cultural Organization
thanked Pope Paul for ad.
hitting laymen to the Coun'
Gil.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
JOHNSON
JOHNSON
President Critical
On Budget Increases

Continued From Page Al
ing the "noxious" coalition in
Congress which he said has
abused and misused' the leg
islative process.
Threatens Direct Action"
The Negro leader warned of
demonstrations and other &C.
tons in the event of a Senate
filibuster on the civil rights leg
lslation. 81 can assure you," he
said, that If there is a filibust-
er we will not sit idly by with
out trying to arouse the con-
science Of the country"
DR.. King said he would feel
compelled" to call for direct
action" which might take the
form Of demonstrations In
Washington and elsewhere.
He said demonstrations were
mentioned only In passing In
his discussion with the Presi-
dent. But he said that the
moratorium on demonstrations
as q result of President Kenne-
dy's assassination will end
shortly.
He mentioned Danville. Va,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03

the available soft spots that
can be dispersed Of. There Is
resistance from some MEM
bers Of the administration who
are convinced that too much
preoccupation with economy by
the White House suggests q
turn away from q pattern Of
liberalism" that apparently
worked very well in the past.
Some Of those with whom the
President has discussed budget
reductions believe he has the
fate Of the tax bill in mind as
much as the actual amount Of
money that might be saved by
reductions and by gimmickS to
save interest on money adj
vanced before it is spent.
Visitors do not get the I'm
preston that President john
son Is overcome by the weight
Of responsibility carried by the
President. He knew something
about that before he took Of
flee. But he is more conscious
now Of what 1t means than he
was q week ago.
There are only Q tiny few
who share with him the knowl-
edge Of any one Of many de-
veloping situations that viii
call for future decision. But
the information on all Of them
flows to him-the one man
expected to do something about
them all.
He has expressed himself
with forceful candor to more
than one visitor on the per-
sonal resolve that accompanied
his oath Of office. He Is going
to do what he thinks Is right,
regardless Of those who think
he Is wrong.
He knows the cost Of follow
ing that course and he Is pre-
pared to pay it. as . debt
incurred when he became
President.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03

sizes in the United States Of
America"
No Republican members of
the joint committee showed up
for the ceremony. Senator
Hickenlooper. Republican Of
Iowa. member of the COM
mittee announced in advance
that he was boycotting the
event. Senator Hickenlooper
complained that the award had
been made with great secrecy"
and that strong objections
would have been made If OPP
portunity had been given dur
ing consideration.
The citation accompanying
the award to DR.. Oppenheimer
was signed by the late President
Kennedy who, before his assas-
Sination a week ago last Fri
day, had planned to present it
himself yesterday.
Substitutes With Pride
Il know every person in this
room grieves with me and with
DR.. and Mrs. Oppenheimer that
the late President who gave his
all for his country could not
present this award as he anti
cipated, and 1t was with great
pleasure and pride that I tried
to substitute for him today"
Mr.. johnson said.
The award, named In honor
Of the late DR.. Enrico Fermi,
leader of the group Of scientists
who achieved the first self-sus-
tanned, controlled nuclear
chain reaction on December 2,
1912, includes a gold medal as
well as a United States Treasu-
ry check for $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
johnson Keeps 4 Aides
Who Served Kennedy

and personality differ from
those of Mr.. Kennedy.
The fact that they agreed to
join the johnson staff seemed
to indicate they believe the
new President stands squarely
behind his pledge to carry on
with Mr.. Kennedy's programs.
Salinger's Candidacy
Earlier in the day, Repre-
sentative John F. Shelley, the
Democratic Mayor-elect of San
Francisco, suggested to report
ers that Mr.. Salinger could
readily be elected to Congress
from his San Francisco district.
Mr.. Shelley. who had just seen
Mr.. johnson, said he favored
Mr.. Salinger's candidacy.
Asked about this, Mr.. Salin-
ger said:
I'm mere. I'm going to stay
here"
Mr.. Salinger said the two
assistant press secretaries, An
drew T. Hatcher and Malcolm
Kilduff, also would remain in
those positions.
Mr.. Salinger said he expects
Mrs. Kennedy's press secre-
tary. Pamela Turnure, to leave
when the former first lady
moves out Of the White House
later this week.
/ Nancy Tuckerman, who has
been Mrs. Kennedy's social Sec
rotary, also is expected to leave.
Mrs. Johnson's press secre-
tary is Elizabeth Carpenter
She has not named q social
, secretary.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
VATICAN
Independent Powers
Of Bishops Extended

argument that bishops already
have these faculties by full
right of their office, not by
any concession from the Vati-
can. and therefore why should
a bishop have to 60 through a
process Of application"
In council debate, progress
sive prelates had presented this
argument in asking revision
of a council schema on church
government.
Many progressive bishops de-
manded that the curia's powers
be reduced. The curia is
largely stated by Italians and
church conservatives.
Pope Paul's action tends to
decentralize church admin
istration and therefore reduce:
curia authority. But tech
nically the bishops never OBJ
tanned the powers from the
curia itself. They worked
through the curia, but the
powers could come only from
the pontiff.
Pope Paul chose the next to
last day Of the Council session
to make ms views known. The
Council begins a nine-month
recess tomorrow.
The Pontiff was carried into
st. Peters Basilica on his port
able throne for the Council
session. largely devoted to
commemoration of the Coun-
Gil of Trent, which ended De-
cember 4, 1868, after Is years
in session.
One of the decisions of the
Trent Council was that bish-
ops should report OF the Vati-
can every five years. Mission
airy bishops do SO every 10
years. 1t was during these
visits-called lad limina." or
to the threshold-that prelates
obtained permission to exer-
else the faculties which now
are granted on a permanent
basis.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
Gives His Blessing
japanese Study Ore

PERTH, Australasia Japa-
nese firm is exploring develop
ment possibilities of a new
iron-ore find in Western Aus
tralia.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
VATICAN
Continued From Page Al

Continued From Page Al
Of saying mass at any time of
the day.
Dispense for a just and rea-
sonable cause with all minor
matrimonial impediments even
in the case Of mixed marriages"
Allow arriages between Cath
olicS and non-Catholics.
Permit the celebration of
masses on shipboard.
Permit priests to say three
masses on Sundays.
Allow blind priests, assisted by
another priest, to celebrate
mass.
Permit chaplains in prisons.
hospitals and orphanages, lin
the absence of the pastor, to
administer the sacraments of
confirmation in danger of
death"
Grant experienced and pru-
dent confessors the faculty to
absolve persons from all CEN
sures with some exceptions, such
as cenSures reserved especially
to the Holy See.
Permit the children Of non
Catholics to enter holy order.
Grant the right to enter a
cloister of nuns for Just reason.
The decree listed 40 faculties
in all. In addition it listed
eight privileges" or conces-
sions.
Pope Paul did not read his
apostolic letter, or motu pro-
prio. himself. Instead he re-
manned seated on his throne in
st. Peters Basilica as Arch
bishop Pericle Felici, the coun-
Gil secretary general, read it in
Latin to the 1900 Council
fathers.
Gives His Blessing
When the archbishop had
finished. the Pope indicated
his approval and gave his bless
ing to the assembled Cardi-
mails, patriarchs, archbishops
and bishops.
A council spokesman, brief
ing newSmen on the muto
Epropria, said:
The idea behind it was the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
Johnson, Oppenheimer
Exchange Compliments

Dr. j. Robert Oppenhemer suggested that some
charity and courage for President johnson present
the Enrico Fermi award to him in White House ceremony
late yesterday.
That would a good augury our futures"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
Effective December 8

The motu proprio, dated No
vember 80. becomes effective
December 8.
Giovanni Cardinal Urbani
addressed the Council before
the Pope delivered his decree
The Cardinal traced the
growth Of the Roman Catholic
Church since the Council of
Trent, and summarized the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-03
Text Of Citation

The citation for Mr.. Hill
said:
This award is conferred
upon Special Agent Clinton j
Hill of the Secret Service fol
exceptional bravery in his eff.
fort to protect the President
and First Lady of the United
States at the time of President
John F. Kennedy's assassina-
ton In Dallas. Tex, on Novem.
Der %. 1868.
Agent Hill was standing or
the left front running board OF