davidaulloa/AmericanStories huggingface dataset:
Evening star., 1963-02-27
INVESTING FOR THE YEARS AHEAD-3
How to Balance Your Portfolio

What's needed is some kind
Of orderly method for showing
these relationships. Every in
vestor should work UP his own
table.
Consider the case Of a man
30 years old. His life insur-
ance should be adequate to
take care Of his family in the
event OF his untimely death.
He should also have an invest
ment program. This should be
roughly rs per cent in savings
bonds, savings accounts, and
so on, and rs per cent in equi-
ties, notably stocks In we'll
managed companies In promis-
ing fields to be held for the
long pull.
In the beginning, when the
equity investment necessarily
Is small. 1t is difficult to
achieve a broad diversification
by buying stocks in individual
companies. Therefore 1t Is sug-
gested that the young man
start out with investment
trusts.
BY age IS, barring troubles
or unusual circumstances. this
man should have acquired an
attractive list of common
stocks. Such equities, including
his interest in his own home,
should constitute about rs per
cent Of his total assets. The
non-stock part should be In
bonds, savings accounts and
high-grade preferreds. II the
past is a guide. an investor
gets q chance to benefit from
one bull market-or, at most,
two. Therefore, the man of as
must get his chance IN the next
20 years.
The Picture ot Age so
BY so, q man is close TO re-
tirement. He may be consider
ing whether he prefers current
income or whether he still Is
willing to forego some current
income in order to acquire
further growth Of capital. We
believe that, barring special
circumstances, he should con-
centrate on further growth
First, his pension probably will
be based on a fixed-dollar re.
turn and Its buying power
could decrease sharply over the
remaining years of his life
Second, II he starts switching
Evening star., 1963-02-27
EOeh Type Hos Own Role

Each type Of asset has It's
own role to perform. At various
ages, each type will bear O diff
ferent proportion to the whole
But each will always be pres
ent to some degree.
For example, in the early
years, before a man has had
time to save much money, his
estate will consist largely of
life insurance and fixed dollar
savings for emergencies. AS he
grows older and his estate
builds up, he will be able to
put more money into equities
that should grow over the
years. AS he reaches retirement
age, his need for insurance
may diminish. He will retain O
good proportion Of his equities
but, nevertheless. will shift his
emphasis toward income.
Evening star., 1963-02-27

The Washington Star
1868 RED BOOK SERVICE
Room AIS -.
226 Virginia Ave. Sc. ...,
Washington 3, D. C.
Please copies of The Washington Stars Red
Book priced at 81 per My check money order in
the amount Of ---- is nclosed.
CRY ZONE State
Evening star., 1963-02-27

come will you have at retire.
ment?
. What will be the financial
situation of your family II you
should die before attaining old
age' How would you and your
family make out In the face
Of emergencies2
To answer these questions,
no matter what your age, 1t Is
necessary to distinguish three
categories Of assets.
First are equities, such as
stocks and real estate. They
should be the kind that will
grow over the years.
Second are fixed-dollar or
"riskless" assets, such as high
grade corporate bonds and pre-
ferred stocks. government
bonds such as savings bonds
and savings accounts. They
should provide safety Of prin.
cipal and q reasonable income
Third are forms of protection
such as life insurance, health
insurance and provisions fol
fixed-retirement income suct
as q pension plan and socia
security.
Evening star., 1963-02-27
TREASURY BONDS

NEW YORK (AP)-Noon over the
counter Us. Government treasury bonds.
bid, asked net change and Yield for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
AT&T Tops
Spending for
Construction

NEW YORK (AP). Ameri-
can Telephone and Telegraph
Co. was the Nations No. l
spender on construction last
year, the magazine Architec-
tural Forum has reported.
The magazines annual direc-
tory Of the 100 largest United
States building clients placed
AT&T at the top with a 1852
expenditure Of $193 million. In
addition, Western Electric, an
AT&T subsidiary, was the third
largest building spender with
SAL million.
No. 2 on the list was General
Motors with an expenditure of
$97 million.
The magazine said that the
ATST outlay consisted of about
SIC million for remodeling ex-
listing structures, about $23 mil
lion for new offices and the
rest on other buildings.
The other top 10: Dupont $31
million; Sears Roebuck $30.6
million; Kodak $50 million;
Safeway Stores $28.1 million;
Boeing 1884 million; Tennessee
Gas Transmission $22.8 million
and New York Life Insurance
$21.8 million.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
MIDWAY IN 1863
Aoss business indexes top
l962. Exception; Prices.

Eeonsmle indicators
Iss MAILS, Isss'v W. ga
plReahi1 CHANCE
= Q IS 80 81
ASse osspua ssss...
Steal oUipUs .s.s...
Dur. eds. Orders go
Housins sauFas sss..
plamt ovtiays ..s.s.
Cow. spsadlna .s.. focN
asauil soIss ........ ooksI
eFoss NoiI Pred. 80. Ike I
PeFsonal iReoHso s... A
censtFvesloR s.ssas. coop\
Indus. Output ...... lVEAp|
eewmT Pepper Rutes 49,
Stock Prices .......s Mh
Employment ....s...I We
living Costs .s......
IHdvssrlui Prices 80.
FERN Prices ........l
Dssa. osvs. q Truss Agencies hsHis KssE
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
Big Steel Holders
In D. c. Drop off
In EorIy 1868

The stock Of United States
Steel Corp. became slightly
less popular to Washington
investors in the first half OF
1868.
The Nations biggest Steel
maker reported today that
District Of Columbia residents
at June 80 owned 1851, 99S
shares Of the company's COM
mon stock, or roughly, a share
for every two citizens. At the
end Of last year, 399,347 COM
mon shares were outstanding
in the District.
In the same period, the
number Of United States Steel
shares held by Virginia resi-
dents increased to 577,145 from
574,147. Shares held by Mary
landers at midyear totaled
ais. 573, compared with 407, 782
at the end Of 1862.
The Pittsburgh-based COM
pany has more than "a mil
lion common shares outstand-
ing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05

dilemma Is reached, the Labor
Department is keeping the heat
on the two sides, trying to
propel them toward hard bar
gaining.
Mr.. Writ offered sugges-
tons relative to the key issues
Friday night-there has been
no public disclosure Of their
nature-and he and Assistant
SECRETARY James j. Reynolds
conferred over the week end
with management and union
representatives.
Asked last night If any move
toward agreement had devel-
oped, Mr.. Reynolds said, mot
yet, no." But he added, "a
very serious attitude has en-
tered into these sessions" Mr..
Reynolds said Mr.. Writ rec
concentrations should serve as
"a framework for useful, hard
bargaining"
The Labor Department is
continuing its mediation efforts
while Congress weighs Presi-
dent Kennedy's proposal to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05

turn the dispute over to the
Interstate Commerce Commits
sion, which would hand down
interim decisions for q two
year period pending a volun-
tary agreement.
At stake are about $4,000
firemen's jobs on freight train:
and yard locomotives. Under
the present schedule, the car
riers plan to post orders or
August 90 starting the elimina-
ton of these jobs, which the
railroads contend are unneces-
sary. The unions, which con.
tend the jobs are needed fol
safe and efficient train opera
tons, are pledged to strike a.
soon as this happens.
Last week the Senate and
House Commerce committees
completed hearings on the
Presidents plan. They will be-
gin their deliberations later
this week. The carriers have
Endorsed the proposal to turn
the dispute over to. the ice;
the unions are vigorously OPP
posed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
Steel Industry
Enjoys Sharp
Rise in Profits

CLEVELAND, CAP). - Steel
industry earnings rose sharply
In the second quarter after
months Of low profits. Steel
magazine has reported.
met profits per dollar of
sales jumped to 6.S per cent
from the first quarters 4 per
cent and were almost double
the 3.75 per cent rate in the
second quarter Of last year"
the magazine said.
Contributing to the i'm
provements in earnings was an
increase Of AZ per cent in the
dollar volume of sales over the
first quarter. Also sweetening
the earnings were higher rates
of operations in the second
quarter: price increases on
some products, primarily those
in strongest demand; improve
ments in production processes,
and intensification Of cost re-
duction."
Steel said the second quarter
earnings are all the more Inn
pressive considering that the
industry's employment costs
continued to climb and that
operating costs included larger
amounts set aside for depreci-
alton and depletion under new
regulations for determining de-
probation for Federal tax pur-
poses.
The publication said 1868
will be the steel industry's best
production year since 1857 If
the decline in steelmaking is
halted this month and orders
pick UP.
IF steelmaking operations
drop only Is per cent, August
production will be around 10
million ingot tons VS.. SO mil
lion tons in July" Steel said.
Assuming no Improvement in
September (another 7.3 million
tons). the third quarters out
put will be 23.2 million tons
and that Of the first three
quarters 82.4 million.
Assuming some steel indus
try leaders were right when
they predicted that fourth
quarter output will equal that
Of the first quarter (26.7 mil
lion tons), output this year
could total 109 million tons VS.,
liz million tons in 1887"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
ON WHEELS
You Can Not Help
But Collect Thoughts

There's one thing about Q
7.O00-mile driving vacation. II
takes a few more weeks to col
lect the thoughts.
One which persists is why
1t isn't as mandatory for auto
builders and/or dealers to bal
ance wheels and align front
ends before delivery Of a new
car as it is to wash It?
Another is that although
progress is creeping along on
the Interstate System, your
dream Of fitting from coast to
coast without traffic lights and
without city traffic is still that
"a dream.
West of Albuquerque toward
Flagstaff, Highway Sc and
some Of its two-lane routes can
be a nightmare-slow- moving
pickup trucks, roaring tractor
trailers and an almost-con-
slant stream of vacation traf-
fic give the road that Four
tenth street bridge at
rush-hour look.
The thought collecting In
cludes Accent fuel in Arizona
27-cent fuel in Carthage, Mo.
where a gasoline price war was
bringing in tourists from miles
around. More of the pleasan-
tries. The excellent wayside
areas in Ohio and Texas. The
shabby ones in Oklahoma.
A sight to remember: A new
Rolls Royce purring into Am
arillo' Tex, with a luggage rack
on top. Every other car or
the road, 1t seems, has a lug
gage rack on top, but you
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
United Income Joins
10 Top Mutual Funds

salaries. Another Waddell &
Reed Fund, United Accumula.
tive, with assets nearing $70C
million, is the Nations seventh
largest.
Two other fund management
sponsoring groups have two en-
tries each on the list Of the IL
largest. Investors Diversified
Services of Minneapolis has
Investors Mutual, the largest
in the country; and Investors
Stock Fund, No. 4.
Vance Sanders and Co. Of
Boston has Massachusetts, In.
vestors Trust. second largest
and Massachusetts, Investors
Growth Stock Fund, No. 8.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
BY RICHARD H. HOENIG
Aasociated Press Business Writer


NEW YORK. - Although all
mutual funds offer the investor
diversification and profession
al management. each has its
own specific detectives.
Most Of the time a fund has
q secondary aim as well as a
primary objective. For a great
number Of funds the No. aim
is long-term appreciation of
capital and /or income.
Many of the Nations largest
funds list as their top goal the
conservation of principal and a
reasonable increase in return
without undue risk. Until now
none has been chiefly con-
cerned with current income.
However, complete June 80
statistics that are now avail
able show q new name on the
10 largest" list, the first in
GLIDING the word income. It Is
United Income Fund of Kansas
City.
United Income; founded In
1910, is intended for investors
primarily interested in divi-
dends from net investment in
come-that is immediate rather
than future return.
The primary emphasis Of
this fund at all times is on the
production of a satisfactory
rate of income" is the specific
policy stated in the Unite d
Income prospectus. The Fund
is prohibited from buying any
security unless it is paying d.
vidends or interest.
BY June 80 United Income
had topped $400 million in to-
tai net assets. It's $407.340, 900
made 1t the tenth largest in
the country, based on figures
supplied by the funds. It re-
placed TV-Electronics Fund Of
Chicago, which had a June 80
total of $375,516,447
United Income has practical
ly doubled in size in 41a years.
At the end of 1858 it had net
assets of sos million. This
year alone it has gone up from
$343 million on January /.
The Fund is sponsored, I'M
derwritten and advised by Wad-
dell 81 Reed, Inc, and its sub
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05

don't seem to associate them
with a Rolls.
Some of the better reaches
of the open road: The Will
Rogers Turnpike from Joplin,
Mo-, to Tulsa; the Turner
Turnpike to Oklahoma City;
then on with almost complete
dual-divided all the way to
Amarillo.
Some of the worst: Two
lane Highway so from East st.
Louis through Illinois and In
diana. Things are so bad that
even uphill trucks are passing
the creeping local traffic.
y
1t is later in the automobile
season than you think. Chrys-
ler's national preview of the
l964s is scheduled for San
Francisco a week from today
and Studebaker is talking about
a new battery on the '64s which
will carry the most liberal
warranty in the industry"
-
Ford has prepared the real
automotive sensation for the
1864 New York World Fair
cars with no engines.
Working with Walt Disney
In Hollywood under cover" for
over a year, they've come up
with the full-sized automobile
rides fair-goers will get at the
Ford Pavilion. Visitors will ride
In convertibles on a track
spiraling around the rotunda
entrance; then through time
tunnels" that only Disney could
create. The ride is electric
powered, with hidden wheels
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
By CHARLES YARBRoUGH

pressed against a flat plate
beneath the cars. There will be
no need to steer, since a spindle
attached to the cars tie rods
follows a guide rail in the
track. Therell be no brakes,
for the ride has its own air
brake system and an automatic
spacer to prevent cars from
punching up.
What an idea for Arlington
boulevard!
The current issue of Science
G. Mechanics magazine is talk.
ing about a tiny turbine engine
which produces six horsepower
for each pound of engine
weight and calls it 1.-The most
exciting breakthrough in Is
years"
The fnicroturbo power plant
has been produced by TurbO-
nique, Inc, of Orlando, Fla, and
is currently under test on air.
craft.
One of its possible uses, the
magazine says, SIS auxiliary
power to cars and trucks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
Virginia Activity
In June Tops 81

Business and economic activ-
ity in Virginia continued mod
erately ahead of a year ago in
June, reported the Business Re-
search Bureau at the College Of
William and Mary yesterday.
New-car registrations, postal
receipts and newspaper adver-
Using lineage all were above q
year ago, but building permits
were down Z per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
FAA Contract

Building Maintenance Corp
of Arlington. Va, said it has re-
ceived a contract from the Fed
eral Aviation Agency for custo-
dial services at the new Wash
ington Air Control Center. The
award calls for payments total
ing more than $4,000 over q
two-year period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-05
New Peace Effort
In Rail Dispute
Begun by Wirtz
BY the Associated Press

Secretary Of Labor wrtz calls in railroad management
and union representatives today effort to spark
round of negotiations the ske-threatenng work rules
dispute.
With Nationwide rail teup in prospect on August 20
unless Congress acts settlement of the jobs
The chronicle., 1963-12-27
Tenth Annual
Program Given
Last Thursday

The Exceptional School pre-
Sented its tenth annual Christ
mas Program Thursday.
Highlighting the event was a
special Christmas play, W h y
The Chimes Rang, presented
by the Pas-Point Junior Little
Theater members under the di-
rection of Mrs. John Minor.
Principal Maggie Beckham
recognized the following groups
and individuals, and their con-
tributions and Seasons Greeting
to the school:
The Military Order of tn e
Coolies, an honorary branch of
the V. F. W. Post 1878, financed
the third annual Christmas shop
ping tour for the students.
The Jackson County Medical
Auxiliary presented selected
gifts to the students for the tenth
Christmas.
The Pascagoula Teen Center,
Mrs. Betty Gutenberg, Direc-
tor, presented $50 to the school
for special needs.
Mrs. Tommy w. Murphy pre-
sented a donation from her Sun
day School class.
Mrs. Thelma Garrett present
ed a huge three-tiered Christ
mas cake for the school party.
Mrs. Beckham also introduc-
ed Mrs. Virginia ESelin as the
fifth member of the staff and
teacher. She will teach the De-
velopmental Class when school
resumes.
Another screening will a d d
students to the new class Of
educable children.
Educational grants from the
U. c. P, an agent Of the Unit
ed Fund, were made to the fol-
lowing staff members; Miss K.
Broom, Mrs. N. Foster, Mrs. V.
Eselin, Mrs. B. White, Mrs. L.
Powell, and also to Mrs. Gil
bert Steiner, substitute teacher.
The courses are in the field
of special education.
The chronicle., 1963-12-27
Watch Dog Agony Is.
Improving Efficiency

WASHINGTON (UPD = The
federal watch dog" agency
spent $47.8 million last year to
see that the government wasted
as little money as possible. 1t
reported today that its invest
ment paid off with a saving to
the taxpayers of $247.5 million.
In other words, for every dol
lar spent by the General Ac-
counting Office (GAO), there
was a return in savings of more
than S.
The five-to-one ratio was a
considerable improvement over
the previous year when the
GAO paid out $4o.2 million to
produce savings of $l62.S mil
Iona return of slightly more
than three-to-one.
The latest figures were con-
tanned in GAO's annual report
for the fiscal year that ended
last June 80.
The 42-year-old agency is an
arm of Congress and was Great
ed to keep a continual and wary
eye on the spending practices of
the many federal departments
and offices.
1t employed 4, $50 people dur
ing fiscal 1868 to determine ex-
actly how the government spent
$50 billion or so that it collected
from the taxpayers that year.
The GAO turned out hundreds
of reports and audits on hun
dredS Of activities and forward
ed them to Congress and the
agencies involved.
The $247.5 million in savings
described in its report was
made up of refunds, collec-
tions, measurable savings, and
other financial benefits result.
ing from the work of the GAO"
Actual refunds totaled $29.1 mil.
lion, according to the agency.
The GAO'S biggest concern
was the Defense Department.
This is by far the biggest fed
eral agency, spending more
The chronicle., 1963-12-27
Holiday Show
Is Presented
In vancIeave
BY GLORIA DELANEY
WIS Correspondent

VANCLEAVE (Special) The
Vancleave Band Auxiliary Spon-
Sored a holiday festival Friday
night, in the Vancleave Hig h
School gymnasium.
A parade proceeded the pag-
cant and concert in the gym.
Leading the parade was a float
by the Vancleave boy scout
Troop followed by the beginner
band lead by Marinell Carter.
Floats of several clubs, busi-
nesseS, and classes of Vancleave
School followed by the H G h
School Band and Santa Claus.
There was a food sale in the
cafeteria at 5 pm. and at $50
pm. the High School Glee Club
School Band and Santa Claus.
There was a food sale in the
cafeteria at 5 pm. and at $50
pm. the High School Glee Club
under the direction of ] oh n
Ramey sang various Christ
mas songs.
The Glee Club Quartet, consist
ing Of Vina Dupree, S hirl y
Scyphers, Dixie Benezue,. a d
Elizabeth Greenwood sang 0
Holy Night.
Following the Glee Club was
a concert by the High School
Bell Rhapsody and selections
from Christmastide.
Steve Dyess and Evie L e e
OverStreet was crowned king
and queen of the festival. Olive
Roberts and Pat Murphy were
crowned duchess and duke, and
LaJoyce Davis and Robert were
crowned princess and prince.
Andy Kite drew the names
and Karrine Myers, 1963-64 band
sweetheart, crowned the court.
Donnie Taylor was master of
ceremonies. The band closed the
pageant by playing Frosty the
Snowman.
The chronicle., 1963-12-27

Magazine have presented tn c
publications distinguished serv-
ice award to acting Police Chief
J. B. Gibson, Chief of Detec.
tves Albert Owen Davis, and
Detective Capt. James Paul Win
stead.
The three officers are honored
for their investigation which led
to the solution of the October
Is, Staying Of Mrs. Josephine
Rigal, whose body was found
two weeks later in a cornfield
The chronicle., 1963-12-27

than half Of the entire budget.
Among some of the GAO find
ings and subsequent S a vim 6 S
noted in the report:
The Army and Air Force
were spending about $66 million
a year more than they should
on repair and maintenance Of
non-combat vehicles because Of
practices that were "wasteful
and inefficient"
Over a four year period the
services lost at least $18 million
in unrecoverable overpayment
to military men.
The Army could have saved
as much as $5.7 million in con.
tracts on the Redstone and Ju.
piter missiles had it bought GER
tain parts directly from a man.
ufacturer and supplied them to
the contractor rather than have
the contractor Sub-contract for
the componentS.
The chronicle., 1963-12-27
Roy w. Denton
Serves Aboard
Assault Carrier

USS VALLEY FORGE (FH1
NC) - Roy W. Denton, com
miSSaryman third class, U S N
son of Mr.. and Mrs. Roy H
Denton of Route 2, Pascagoula
Miss, is serving aboard tn {
amphibiouS assault carrier USS
Valley Forge, a Pacific Flee
unit presently being moderniz
ed at the Naval Shipyard, Long
Beach, Calf.
A former aircraft carrier, Val
ley Forge was commissioned ir
1945. She saw action during the
Korean Conflict. After Is year;
of sea duty, which included new
programs such as her 1860 par
ticipation in an Operation Mer.
curry shot, Valley Forge Wa
converted to an arnphibious as.
Sault ship at Norfolk, Va, in
March 1861. In this role, Valley
reconnaissance and as troop
carriers.
The chronicle., 1963-12-27

his family and his mother, Mrs.
Lydia Brooks.
Mr.. and Mrs. Henry D avis
and family were weekend visi-
tors to relatives in McComb.
Collegians home for the holi-
days are, from PerkinSton Col
lege, Frank Naples, Richard
Wilson, Johnny Cole, R o b er
Vaughn, Henry Earl Tanner
Mike Williams, Jim Kelly, Dan
ME Fletcher, Rornie Mohr, Hell
en- Entrekin, Maurine Taylor,
Barbara Sue Davis, and Edna
Carolyn Havens; from the Uni
versity of Southern Mississippi,
John MCGOWAN, Aileen Murphy,
DOME Taylor, Margaret a n q
Charlie Keith, John Fletcher,
Butch Stagg, Judy Ellis, a n q
Glenda Vaughn.
From the University Medical
School at Jackson, John Allen
Murphy; from Clark c ollie 6 e,
Dan Neidheardt, and from Ole
Miss, James Lockard.
The chronicle., 1963-12-27
Electrical TruwI
Tests Successful

The u. S. Fish and Wildlife
Service research vessel George
M. Bowers recently completed
third phase Of experimentation
with electrical shrimp travis in
the Gulf of Mexico and Carri.
bean area.
Officials reported that til c
modified electrical trawl u S e d
in this phase of the experiment
produced daytime shrimp catch
es up to five times as large
as those produced by conven-
tional travis.
The modified trawl, with a
new type generator and cleo
trode array, was used on both
white and pink shrimp with sat
iSfactory results.
In 1858, the former head OF
Russia's secret police, Lavrenti
Beria was executed.