davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28
Divesificotion and Growth

49, DiversificatiOn - Owning
any common stock is a risk
since there is no guarantee that
1t will pay any certain dividend
or that the owner can get back
any specific sum of money II
he should sell. Diversification
or spreading a sum Of money
over more than one stock, is
the common way Of decreasing
the risk.
(1O) Statistics on growth -
Much information is available
to the interested investor. One
Of the newest investment serv-
ices is Americas Fastest
Growing Companies" by John
S. Herold. Inc. .
Moody's Investors Service
provides a listing Of nearly TOO
active stocks. The Value Line
Service rates companies as To
quality and growth. Two other
services that try to rate the
growth are published by Super
vised Growth Leaders and
Clark, Dodge e. Co.
I'D Timing purchases-0ur-
ing everyone's lifetime there are
several opportunities to make
attractive purchases. The rise
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28

NEW YORK (AP). - Oper-
ating profit of Radio Corp. of
America in 1862 scared As per
cent over the previous year to
a record $51.535,OOO. David
sarnoff. chairman. said yester-
day.
Huge increases in the sales
of color television sets and o
reduction Of losses in sales OF
electronic data processing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28
BY DONALD b. HADLEY
Star Financial Editor

Assets, deposits and loans of the Bank Of Commerce
reached new ame highs with sharp gains in 1852 but
earnings were off slightly from the previous President
Thomas Groom told stockholders at the annual stockholders
meeting today.
Assets s4ss74OOO deposits Of and loans
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28

of Potomac Investment Corp.
is listed as president Of the
registrant. Mr.. Richmond and
F. Mercer Fadeley, vice presi-
dent of the regiStrant, are listed
as controlling persons in Ma
tionwide Housing & Develop
ment Corp,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28
By JOHN W. HAZARD ond LEW G. colT

Mention common stock to most people and they will ask
What does payp" This tendency apprase company by
Its dividend understandable but in opinion
Nowadays because Of and initiation earnings their
trend are truer measures Of a companys worth.
The advantages Of concentrating growth Of earnings
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28

rather than on dividends, has
been explained by Herbert p
Buetow. president Of Minnesota
Mining & Manufacturing Co,
What appears at first glance
tc be a conservative dividend
policy may prove in the Ions
run to be most rewarding for
the stock owner" he said. ANY
company dedicated to growth
but disinclined toward borrow
ing money or diluting It's stock
must retain q substantial part
Of its earnings to provide funds
for expansion of facilities and
activities. This policy Of post
poned dividends ultimately
leads to appreciation Of the
stock, as well as to greater div
idends by stimulating sales
and profits"
After the stock market de-
cline Of early 1862, this growth
stock theory was questioned by
some investors. In many cases
these were people who had
been caught up in the specu-
lative fever Of the previous
year and who had put a dis
proportionately large amount
Of money in the market near
its top. With the market down
these fair weather investors
had swung from over-optimism
to deepest depression. T h e y
tended to conclude that high
dividend stocks had suffered
less in the 1852 break and
therefore that investment fol-
income would have been wiser
than investment for growth.
Philosophy Of Series
The investment philosophy Of
this series stresses: Cd study
OF facts. figures and trends;
(2) selection of companies best
able to meet competition and
to come out with above average
gains in earnings; 80 long.
term detectives, which means
purchasing consistently over q
period Of time and holding.
The investor who values div.
idends above all, may argue
that a bird in the hand Il
worth two in the bush. But ir
our judgment most investor,
would be better off leaving
their birds in the bushes Il
lay eggs. raise families anc
multiply. II this is done, many
more birds may be trapped ir
the end.
II earnings are retained by
tie company and reinvested
the stockholder never sees the
money. He can't fritter it away
II he wishes to build up ar
investment fund, this method
forces him to do 1t.
Looking over the needs and
resources Of investors Of vari.
Gus ages, 1t is easy to see thai
in order for the nonwealthy in
weston to get income when HI
will most need it - in othel
words, In the later years Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28

ton OF gross income that a
company plows back into re-
search may be an indication
Of its potential growth.
~ Freedom from Govern
ment control - Over the years
there has been q tendency fol
government to enlarge its con
troll over private industry. TIC
the extent that 1t may impose
control Of prices on an indus
try without corresponding con.
troll Of wage costs, 1t is detri-
mental TO health and growth.
~ Equity to- debt ratio -
Some companies have out.
standing equity capital (stock
and debt capital bonds a nc
debenturesO In the case Of in
dustrial companies, the bonds
should be a small portion Of
the total.
t6) Current assets versus liza
bilities-These are figures that
the investor should scrutinize
although the companies stronI
in growth generally are stronl
financially as well.
~ Operating prOfit-This Il
the result realized from thu
actual conduct Of the business
expressed as a percentage. Fig,
ures on operating profit fol
most listed companies are
shown In Standard g. Poor!
Listed Stock Reports.
(S) QuaIity-A company de-
serving the label Of good quality
will probably have these char,
acteristics: An upward trend ir
earnings over the last 10 year.
rejecting alert and magma,
tive management. good cos
control and ability TO competC
in a rapidly changing world; &
sound ratio Of current assets Il
current liabilities; manageable
debt; aggressive officers anC
directors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28
Il Points to Consider

The following IL points en-
ter into stock selection:
~ Price tO-earnings ratio
This ratio has been so high In
many top-quality growth stocks
that 1t has become an obstacle
to their purchase in the minds
Of many investors.
Even so, II a growth stock
is selling at 80 to 40 times
current earnings and continues
to show an annual earnings
increase Of between IL per cent
and 20 per cent, then eventual
| ly earnings will reach q level
that will justify the price the
investor pays in the beginning
~ Labor Costs An inves-
tor should note carefully how
heavily labor costs figure in Q
company's operations. Success
full growth companies are likely
to have been able TO hold dowr
the ratio Of labor cost to price
~ Research The proper
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28

his life-he must pretty vel
forego investment income dur.
ing earlier periods.
| The investment counselor
often is criticized for being un.
able, or unwilling. to try Il
answer the question, What 1.
q good buy7" An effort vii
here be made to provide a bash
for the answer. There are many
possibilities. but let us narrow
them down and discuss five
groups:
~ Income stocks, or thos.
that pay relatively high divi,
bends.
~ Cyclical stocks, that is
companies whose earnings gen.
orally swell during periods o.
good business and shrink dur.
ing recessions.
| (3) Growth stocks. Earnings
on the average. rise gradually
year after year. Prices fluctuatC
with the business cycle, but
have an upward bias. This 1,
the group that must be counted
on to maintain the investor.
purchasing power and to builC
UP his capital.
~ Stocks Of sound cOmpa.
MES, including growth stocks
that seem temporarily de.
pressed. but at some time ir
the future this industry once
again will be attractive.
~ Stocks with more sta.
bility, yet some growth ir
earnings. This Is a group with
some appeal consisting o.
stocks providing income tina
is relatively stable. yet risinG
slowly from year to year.
OF these five groups we re-
commend primarily Group 3
Under certain circumstance
Groups 4 and 5 have theil
place.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-02-28

Tomorrow: how TO pick
companies.
The Sidney herald., 1963-06-19
Frontier PASSENGER
Service Up i'm Moy

Passenger traffic on Frontier
Airlines in Montana during
NAV totaled 1904 for a 27
per cent increase over that of
the same month a year ago
which totaled 1854.
Billings headed the Montana
cities with 800, a 26 per cent
increase, Great Falls had 222
passengers, UP SO per cent,
Glasgow boarded 134 for a "A
per cent increase and Sidney
had ia boardings. Miles City
boarded 81, Lewistown boarded
81 and Havre showed So board
ings while Wolf Point boarded
38 passengers and Glendive
showed "a using the service.
Frontier Airlines' passenger
traffic in May stystemwide, for
the third consecutive month.
set a new all-time high with
passenger totals topping 10000
for the first time in Frontiers
16-year history. For a 80 per
cent increase, the May pas
senger total of this year was
4O,O78 compared with 28,736
The Sidney herald., 1963-06-19

le days in Billings this week
with his mother, Mrs. Ben Mer-
Ger, who is under care at the
Deaconcss hospital. Mrs. Mer-
Ger is convalescirg from sur
gerry which she Underwent June
4.
Mrs. J. w. Harnish went to
Great Falls June 9 via Frontier
AirlineS, for a visit at
the home of her daughter, Mrs.
Don Morey and family. Judy
Harnish accompanied her
grandmother to Great Falls for
visit and will return home
tomorrow.
The Sidney herald., 1963-06-19

Guests last Wednesday at the
Lyle Peterson home were Mrs.
Pederson's mother, Mrs. Ar
thur Seidel and her son, Rich
ard and daughter Virginia of
Williston. They brought over
several head of stock for sale
at the Sidney Livestock mar
ket.
Mr.. and Mrs. Richard Hazen
and four children of Helena
spent last week at the home of
Mrs. Hazen's parents, DIR. and
Mrs. I. j. Peterson. Mr.. Hazen
is estimate supervisor on the
Helena Right of Way division
for the Montana State Highway
Commission.
Mrs. c. J. Woodruff fell and
broke her hip at Richland
Homes and is now under care
at the Community Memorial
Hospital.
Mrs. W. A. Redgren and Miss
Maybe Nelson went to Bill
lingS Monday where they
both registered at Eastern Mon.
tana State College for the
summer session. Mrs. Redgrer
and Miss Nelson are mem
bers of the local public schoo
faculty.
Harold Mercer spent a coup.
The Sidney herald., 1963-06-19

MIR. and Mrs. Ted Hur1dtofte
and their daughter and her
husband, Mr.. and Mrs. Allen
Herman returned last week
from Underwood, Iowa, where
they attended the ordination of
the Ted Hundtofte's son-ln-law,
the Rev. Ernest Larson. The
Hundtoftes also attended their
sons graduation from Dana
College in Blair, Nebraska.
They were accompanied on the
trip by his sister, Anna Hun
dtofte and the Bob PhippS Of
Glasgow, who visited in Sidney
through the weekend before
returning home.
This week the Ted Humid
toftes have for their guests
his brother-in-law, Mr.. and
Mrs. Alvin Hundtofte of Galen,
Montana. The Rev. and Mrs
Larson are also visiting rela-
tives in this area. He will be
pastor at Westby, Montana
next year.
The Sidney herald., 1963-06-19
Funeral Rites
Were Held for
Mrs. ]. Rogers

Mrs. Evelyn Blanche (Jerry)
Rogers, So, of Sidney, died Mon
day night, June 10, in a Billings
hospital.
Born Feb. 16, 1911, at Intake,
Mrs. Rogers received her ele-
mentary education at Intake and
attended high school at Glen
dive and the Billings Poly
technic Institute.
She was married to Jerome
B. Rogers on Jan. 19, 1929, at
Billings. The couple have re-
sided in Sidney the past Is years.
Mrs. Rogers was a member
of the Eastern Star and the
Intake Congregational Church.
Included among survivors
are her widower; a SON, Jerry
j. Rogers, Great Falls; a daugh-
ter, Beverley Rogers of Sidney;
her parents, Mr.. and Mrs. FL
mer Lease of Intake, and four
grandchildren.
Funeral services were held
Thursday morning at IL O'Clock
from Peoples Congregations
Church with the Rev. Kenneth
Biel of Glendive officiating.
Mrs. John WaIourn, vocalist
sang Face to Face" and 'Neal
to the Heart of God" Donna
Buechler was her organ accom-
PIANIST.
Interment was in Sunset
Memorial Gardens. Pallbearers
were Elmore Ladwig, Clyde
Sullivan, Raymond Kordonowy
Robert Hood, Kent Akers anc
The Sidney herald., 1963-06-19

AS 1 heard the name of Sid
ney mentioned on the TV re-
Gently, my thoughts turned to
the many trips our field men
made to Sidney last year. Dur
ing those trips (there were 23),
a number of things happened:
We talked with TIA people
about social security matters.
In some cases we merely an
swered quick question or two
In others, our visitors filed
claims for benefits that will
eventually amount to thousands
of dollars.
Strangely, only 80 people filed
disability insurance claims in
Sidney during the entire year.
I say strangely because in an
oUher city of about the same
size and not too far away 46
disability claims were entered
with us. Maybe that shows Sid
ney's just a very healthy place
to live. Let's hope that's what
it means. What concerns me is
that it might mean we just
haven't managed to tell Sidney
people about the disability in
surance payments that can be
made under social security.
If we've missed on that, lei
me remind you again that our
free disability booklet gives
the whole story. Just a post
card request to Social Secu-
rity, 2415 1st Avenue North
Billings, Montana" will get il
for you.
Perhaps you have a disability
of some kind and don't know
whether it would qualify you
or not. Keep in mind that Mr.
Jelle, our field representative
will be at the courthouse in
Sidney on the End and 4tt
Thursday of each month, ano
will be glad to talk with you.
The Sidney herald., 1963-06-19

carried a year ago.
Revenue passenger miles this
past month reached 10000, 900
which was a 40 per cent in
crease over the 7,7O8,0OO flown
In May of last year. Aircraft
revenue miles also set a new
record of 967,611 in May of
this year for an increase of 81
per cent over the 800,985 miles
flown in the same 1862 period.
Stated Lewis w. Dymond,
Frontiers president, From all
indications June will also see
new records established and
July's passenger traffic should
hit even higher peaks particu-
1arly with the expansion of
Frontiers service into the re-
cently-authorized Denver-EI
Paso route and the additional
cities of Colorado Springs,
Colorado, and Sante Fe and
A Alamogordo, New Mexico,
which is now set for July TO-"
The Sidney herald., 1963-06-19
Squaw Gap Warriors
Al Club News

The Squaw Gap Warriors
All club called their meeting
10 order at the Howard Wheel
ling home June 8, 1868.
The pledges were said. The
secretary gave the roll call
with one member absent. The
secretary read the minutes
with which their were no cor
rections. The songs were sung.
For old business we talked
about the booth.
1t was decided 10 have a tour
the 10th of June. The next
meeting will be held at the
Squaw Gap hall June % at 7
The meeting was adjourned
and lunch was served.
The Sidney herald., 1963-06-19
DarOld Beechers Guests
At Johnson Home

MIR. and Mrs. Darold Beecher
Paul and Mark, left June IL
for their home in Pendelton,
Oregon, after visiting here with
her sister and family, the Harry
JohnSons. JohnsonS and the
Beechers vacationed recently
at Kenosee Lake in Saskatche-
wan at the Johnson cottage.
Beechers went from there to
Ekmund, N. Dak., to visit his
parents and join them in the
celebration of their 10th we'd
ding anniversary.
MIR. Beecher, former manager
of the mems wear department
of the Yellowstone Mercantile
Co. store here is now manager
of Bon Marche store in Pen
delton.
The Sidney herald., 1963-06-19

Circle Lutheran Church, who
gave a very fine sermon. The
club presented corsages to the
youngest and oldest couples
there The club then presented
a program of songs, music and
speeches. Lunch was served by
the club mothers.
The next meeting Will be
held at the Dayton Willoughby
home June 9th. There will be
a pot luck dinner. The Live
stock Judging will start at 1:30.
The public is invited.
The Sidney herald., 1963-06-19
Al Club Observes
Rural Life Sunday

The Western Fun Makers
All club had a work meeting
June 1St at the Grandview Hall
to prepare the hall for Rural
Life Sunday. Donna Pentz cal
led the meeting to order with
members present. Delford
Milne gave a demonstration on
the principles of Internal COM
bustion engines. Mrs. Tobe Mel
ne served a tasty lunch after
the meeting.
Rural Life Sunday was held
at the Grandview Hall June 2
at 7 pm. Delford Milne in
trOduced Rev. SchOuld of the
The Sidney herald., 1963-06-19
Tumbleweed Workers
All Club News

The 9th of May the Tum-
bleweed Workers held their
All club meeting at the Ros-
aaen School at 7 with 6 mem
bers and 2 leaders present.
We discussed All talent
night and also about our prof.
ects for this year.
The next meeting will be
held June IA at the Rosaaen
school at 7.
Connie Sheehan, Reporter
The Sidney herald., 1963-06-19

J. j. Tomaiin0.
The C1oyd1Gorder Mortuary
was in charge of arrangements.
Among out of town relatives
and old friends here for the
funeral services were Mr.. Rog-
er's mother, Mrs. c. B. Rogers
and his sister, Mrs. c.. R..
Trimmer and her son, Don
Dvork of Columbia Falls; Mr..
and Mrs. Jerry Cloyd of Lewis
town; Norman Robinson of
Miles City; E. F. Ladwig of
Billings; Melba Richardson of
Havre; Dade Stevenson of Van
couver, Wn.; and Mr.. and Mrs.
Clyde Sullivan and daughter,
Sandra of Livingston.
The Sidney herald., 1963-06-19
Mrs. Storm Dies
At Richland Homes

Mrs. Cleve Storm, 70, long
time resident of the Sidney
and Lambert area, died Monday
at Richland Homes in Sidney.
Mrs. Storm was born in Chel-
sea, Okla, on Feb. 10, 1893, the
daughter of DR.. and Mrs. Frank
lin Leach. She spent her youth
at Prior, Okla, where she mar
ried Peter Cleve Storm on May
16, 1912. Following their mar
riage, the couple homesteaded
25 miles northwest of Lambert
and remained on the home
place until the 1940's when
they moved to Lambert. She
was preceded in death by her
husband on April 3, 1853.
Mrs. Storm was active in the
Missionary Band of her church
Survivors include one son
Clifford Storm of Window
Mimi, five daughters, Mrs
William Taylor of Fairview
Mrs. Kenneth Miller and Mrs
Clarence Scheetz, both of Sid
ney, Mrs. Lloyd Butz of Lam
bert and Mrs. Herman William:
of Fort Thompson, S. D.; one
brother, Orville Leach of Wag,
ner, Okla, and % grandchild
rem.
Services will be THURSDAY
at 2 pm. in the Christian anC
Missionary Alliance Church a
lambert. with Rev. Rober
Kenny officiating. Burial will
be i'm the Lambert Cemetery
Cloyd-Gorder Mortuary is il
oh - p-,~- ~ ro1voo 70
The Sidney herald., 1963-06-19

Vic Koch had the misfortune
to break his ankle while play
ing badmitten at picnic re-
Gently and was under hospital
care for week.
He hopes to return home in a
day or two and expects to be
back in his office next week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-11
Another from the 96 Shell dealers of Washington
Seven things to tell your son
when he first borrows the family car


you Try starter. With manual shift, keep
clutch pedal all the way down. With auto
matte transmission, make sure gear selector
is at exactly the right spot.
Note from Shell: We recently published
an advertisement with 7 simple starting tips.
FOra free copy, write to the Shell Oil Com
pany, 20. Box 236, New York 46, my
3. Courtesy is contagious and adds to
eveyOnes driving pleasure and safety. No :
body ever cured a traffic jam by losing his
temper. IF you can keep your sense Of humor
and wait your turn, everyone will probably
get where he's going sooner. Including you.
Another suggestion: 1t takes only seconds
to let someone enter the roadway ahead Of
you, but it can save the other driver min
ates. Just remember to signal the car behind
you that. you're slowing down or about to
stop.
a. Cars respond to good care. Have the oil,
battery and water checked every time you
stop for gasoline.
When you're driving, listen for unusual
mechanical sounds. If you hear one, have it
checked right away. 1t could save big repair
bill later on.
On rough roads, take it easy tires are
tough, but they are destructible.
Note; For free copy Of Shells l2-Page
booklet "a ways to make your car last long
err" write to the Shell Oil Company, 20.
Box 236, New York 46, NY
S. Don't take other drivers for granted.
They sometimes do unexpected things. In
the u. S. in 1862, they ran into stationary
objects more than $4,000 times.
So don't be too optimistic. Cars do some
times enter intersections carelessly. Cars
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-11

TUNE is prom time. And many young
Jman will be driving his date to the dance
borrowing the family car for the very FIRST
time.
On thispage, your local Shell dealers offer
seven driving tips that can be useful-nOt
only on the big night of the prom, but for
many motoring years.
l. Remember what you learned to get your
drivers license, and you'll be a better driver.
Eight out Of ten car accidents stem from i'm
proper driving practices-such as speeding,
failing to yield nght-Of-way and following
other cars too closely (most authorities rec
Ommend you allow one car length between
you and the car ahead for each ten miles per
hour Of your driving speed-see sketch).
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-11

comingfrom the Otherdirection might swing
yOurlane-especially Onhills andcures.
And cars do occasionally back out Of park
ing spaces blindly.
Your best protection is to drive defen-
sively. The only driver you can really be
sure Of is yourself.
8. II you're going to be late, call home.
Andifcar trouble is the reason, call the near
est service station, too. Don't try to make
repairs close to busy road-it could be dam
gerous. Instead, park well off the traffic lanes
andput the hood up to show you're disabled.
Then wait in or near the car until help
arrives.
Note from Shell: Thousands Of Shell
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-11

dealers 60 to special training schools each
year. There, they learn how to spot trouble
in a hurry. They can be helpful to you in
almost any emergency.
2. Have good time. So far, almost every
thing you've heard about cars has to do with
safety.
Now you're about to find out what a
pleasure they can be. Here are the keys. The
car yours. Just take your responsibilities in
stride. And have fun.
Comforting fact forParents; Drivers with
less than three months experience account
for very few serious accidents. That's good
sign that most new drivers do take their re-
sPOnsibilides seriously. So you can relax.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-11
GOLFER ROBBED
BY BALL HAWK

CAREFREE, Ariz., June
IL (AP).-Most golfers are
happy with brides. but not
Laurie K. Luoma Of Phoe-
nix.
Especially II the birdie
turns out TO be a hawk.
Luoma. golfing with q
companion Sunday. lobbed
o long one down the fair
way Of the Desert Forest
Golf course about 20 miles
north Of Phoenix. A sharp
eyed hawk swooped down,
latched onto the ball and
took OFF with II.
In addition TO losing the
ball. the bird cost Iuoma
penalty strokes as well.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-11
Minnesota Signs
Collegiate Star

MINNEAPOLIS. June II
(AP).-The Twins announced
the signing yesterday Of Out
fielder Jack Todhunter Of
Chicago. a graduate Of VAL
paraiso University who set an
NCAA record by hitting in 80
straight college games.
Todhunter. 81. who was as
signed to the Twins farm team
at WythArville, Va, hit ..432
this season. The club said he
received a stable bonus.