Daily Court Review (Newspaper) - January 7, 1960, Houston, Texas SISSON MORTGAGE GENERAL OFFICES 3705 WESTHEIMER SEVENTIETH TEAR CREDIT REPORTS COLLECTIONS ADJUSTMENTS Houston Association of Credit BOX 8385 2907 SHENANDOAH Affiliated with the National Association of Credit Management AN AFTERNOON NEWSPAPER FEATURING COURT BUILDING AND REAL ESTATE NEWS THURSDAY JANUARY AND BETTES INSURANCE AGENCY THE BETTES 201 MAIN Financing Community Development Statement Publishers Financial By ROGER Deeds 11401 John Robinson el ux lot Timber Box 114758 Robinson to Helen I Mertz et vir lot bik Replat to SlO cash 4I sts sts to 2635 114703 Cantrell Con 114759 Ernest Schulze to Ther man lot bik replat to John cash sts to 2149 sts to American Title Co 111760 Annie Klipper ct vir to ct ux lot 114705 2419 Fannin Company Annex Robert Ray et lot pt sts lot blk out of lot et ux to S sts Peterson ct ux nt of lot 114708 Mary Ann Gerson to Jas lot blk Estates sts Houston sts 18 Birth Reports The number in parenthesis indicates the number of living AND 1414 a 7 10131 a 1 116 a BABSON DISCUSSES HOW TO HEDGE AGAINST INFLATION January I see how buying DowJones common stocks now can be a hedge This is not to say that they may not go higher but these stocks are al ready too inflated to be bought as inflation hedges by intelligent REQUIREMENTS FOR AN HEDGE good hedge char must be based upon tangible and marketable assets and not on good will or tem these tangible assets should be land or natural resources such as 3 water or wood 6701 a These usually go up in 2 i price as the dollar goes down in 860S Sharon 114717 Evelyn et cabiness et ux lot blk of lo McCary ct ux lot SlO cash to other property of sts to 10 s 114703 Leonard Rosenberg et ux to Leslie Phillips et ux lot et ux lot 16 2 blk Memorial Sin cash sts 1216 Chas D Ross to Clifford j a 2 to 5101 114718 Belva Rice cl al to sts 121659 to 12910 tf 3023 5307 This assumes fair taxation and no harmful There is no hedge against an opportunis tic Congress or a Communist gov 1 eminent which takes title to pri 414 a 1 2707 a 3 5925 a 2 114732 Elton Brimberry to s Baumbach etux lot bik 1 Oaks SlO sts to lull 000 114704 Frank Carter et ux J Young 5611 rt ux lot blk SlO 1214551 to 4919 vate property without fair recom it would be wise for readers to go into debt and borrow money provided they made sure they would have the cash to pay the interest on the your family could get a big sum if you should die within a I believe in simple life with no endow ments or WHAT ABOUT STOCKS Neither railroad nor utility common stocks should be bought as inflation hedges dur ing an inflationary operating costs could go up so that dividends would be At net earnings would lag behind any rise in rates and most railroad stocks should be avoided for other rea sons Dont in change DRIVER MORTGAGE LOANS MAIN INDUSTRIAl RESIDENTIAL The Market Letter UPHAM WRESTLING MORRIS Pi Nick Kozak Man Mountain Managoff City 89 Tickets on Sale at Auditorium Hotel Stort RESERVATIONS CALL January The market spent most of the first hour with prices churning rather with the tape late on a couple of To ward the end it became evident that there were a few more sell ers than The steels were among the weaker groups as in apparently are beginning to take a long close look at the quickly as fashions in A popular stock today is usually not a good infla tion For write my Humphrey the great contrarian of Saxtons Riv COMPANIES WI Most industrial stocks are poor inflation large land or natural reserves or other tangible holdings should be the best of the The most sought after by wise inves tors are those with good manage heavy depreciation 1711 Palms EM 1M7C5 Jarwood et to to et ux lot Avanzini SlO sis Retd Richard La Von Hollinger pt ux lot pt of lot blk sts to 0020 n to 114748 Paul Wei so ct ux lo lot blk of Wilfred Plumer et ux lot blk Kings Conn ucl SlO other sts Woodward SlO other to 111767 Bellas to 114756 Richard Bludworth et ux lot bik a 1 j loan and pay up the loan at ma1 charges and sufficient working 1918 a instead of i 7127 a out ing they could be wiped i am not acquainted with all of 1 If it is wise to borrow now in 8233 a j order to pay up with depreciated 2 dollars then it is unwise to 3809 Three loan money This means a 4 Dont buy new long 618 a 1 7032 Ave a 1 10426 a 1 ux to Rex lot bik 6 box Valley Sin sts Retd sts 6S23 South Tony Mann el ux to Gili Rellus a 1 bert etux lol ut lot 453 i Leo R e ux lot bik 12 bik Kashmere Gardens SlO sts Spend SS i lo 6811 1M779 lo of Lyn HOTEL FAMILY PLAN Children under 14 years of age FREE Free radio in every AVAILABLE 4611 Pine a 1 DCS 701 Reserve a 1 4 305 a Lowe ct al lot blk i crest sts 1 I 1U7S1 Pyr et ux I to Arnold et ux lot 8 1 Overbrook 7241 Glen a other sts i 6 114783 Richard Arnold Campbell j 3812 a i pt ux lo Bernard Pelham 2 et ux lot blk Frontier 4410 a 2 SlO sis i 4 ble bonds or unless you plan to sell They are not now a safe permanent invest WHAT ABOUT LIFE ANCE In general this reasons ing applies policies if you buy today and then live twenty years or more while the value of the dollar you should probably buy double what you ordinarily to be sure of having the money to pay the premiums over the twenty or more 8309 a The insurance of Central America but I once owned and operated a school in Guatemala I know of the constructive work of the U Fruit which has grown to great importance with report edly the largest acreage in the having water and a long growing It the new Some industry sources infer that the small and more marginal steel mills may find the going very According to the Iron Age Magazine mice rise averaging a ton is called for to make up for the increased costs of the new The automobile stocks showed weakness before re The automobile industry claims that it cannot afford ab sorb a substantial increase in the price of steel and a Ford Company spokesman stated that prices of trucks and other vehicles will be raised if the steel pact results in an average a ton A company associated with the au industry is American Metal This concern has long been known as a supplier of metal parts to automobile com It also produces parts for the aircraft and jet engine adds to the companys more BUSINESS EXTENSION BUREAU i ADVANCE SALES LEADS daily Oft types of business residential enter new future plans and building permits and new home own ACCURATE MAILING LISTS Provided on any form Guaranteed the moat accurate COMPLETE MAILING SERVICE and mailing of all Latest Rapid Satisfaction 719 ANITA JA 85588 interesting pros is its greatly increased di but also palm and The has a ei if sixty f rves and lare serves and large may offset the risk of p an current rail andj a wireless Fruit is one such there are several good industrials with large And land whether the lot next to you or lands in other parts of America should be the best hedges against In downtown Dallas o t h e s in a r t shopping near all For those demand the best in ac Completely Fine food at moderate Garage serv ice at From single i 114790 Paul to I Hazel lot blk Club other sis ct ux to I SV lot blk Maple Si sts 12 114809 Flora Miranda to G et ux lol blk 11 other st 114811 Pacific Gulf to Olier Ellis et ux lot bll Southern sts 114814 Pacific Gulf Coy Gray el ux lot blk 23 Garden sts to HO 114818 Harold Bauer et ux to Carter pt lot of I Spring Branch othe 2005 a 2 I sts 114819 Statewide Land to Enjoy the color and charm of San rec White Plaza provides gracious liv ing and is conveniently locat ed to all activities and sight Coffee Garage Service at From single Timber lot 18 bik other lots in Shadow SlO sts to 12407 Shadow Oaks 114827 Scarborough to Alfred Hartsfield el ux lot bik Foster sts to 111828 el ux lo Farrell et ux pt lot 15 16 bik Riverside sts to 4610 114838 Albert Milton et ux to Ulys Avery Garrett et ux bik North Park sts 600 Visit Corpus famed for its sandy beaches and sporty game fishing stay at the White Plaza for friendly service and excellent Overlooking Gulf of near all ac and Garage Service at From single Jack TEXAS HOSPITALITY at its best Jack Operator The Best in Complete Banking Services Capital and THE NATIONAL BANK Of COMMERCE OF HOUSTON FEDERAL DEPOSIT INSURANCE CORPORATION Linda 1 137 a 1 Deeds of Trust Harry Terwilliger to for Port City State land to secure lot 25 blk Amended Zax Building to for Bank of the South National lot cure Letch Building to Mc for Smit SUP Mario a ior S 3 lots 21 thru 26 bik to secure Joe et to H for Great South 4 5507 a 3 5223 a 2 1 50 ern Ins tract in 2 Luke Moore to secure E 1402 Forest a 11SO68L 5 tr I Letch Building to Me W 4338 a Connell Tr for Mortgage 1 lots 15 thru 2 bl W V QVi Q nun 9 6418 a 2 1705 a 4 a 8 Galena a 1 5111 a 2 12410 a 5 8601 a 2 52 6713 a 3 10409 a 1 5113 Ave a 11 a 2 Jacinto a 1 11033 a 4 1011 a 5 5318 a to American Truck Trailer Sales to for Mer cantile National Bank at 5 tracts in Luke Moore to secure Renewal Moor to Asa et 6 7346 a 1 113 a 2 2014 a 1 1114 a 3 6 box a 7 a Jo 3 4414 Nina a 2 427 a 3 609 a 2 3534 Charleston a B 11214 a 1 1820 a 1 Mutual Life blk Memorial to secure Donald et to Jake for American Mortgage lot 285 blk Oak to secure to secure FHA Marvin Otis pt to John for Bettes lot 10 in to secure 12 Bernis et to How ard for Jefferson Standard Life lot 13 blk to secure Henry to Charles for First Mortgage of lot 15 blk Whispering to secure John et to Joe for Harris County Fed eral Savings Loan lot 8 pt lot 7 blk to se cure Charles et to for Great South ern Life lots 13 pt 11 blk to secure Jimmy et to John for Bettes lot 3 blk Long Point Woods to secure FHA VernOn et to Wal ter for Drew Mortgage lot 34 blk West view to secure FHA George to for Houston Lumber Supply lot 21 blk Memori al to secure Morris et to Jake for American Mort gage of lot 281 blk to secure FHA James et to Rex for tern Savings pt of lots 16 17 blk South to se cure Preston et to Jake for American Mortgage lot 280 blk in to secure FHA Willard el to Jake for American Mortgage lot 201 blk Re plat of Bennett to secure FHA Helen et to Emmet for The Prudential of lot 2 blk in Replat D of to secure Lee May to Shearer for ct pt lot 2 blk Pasadena to secure Glenville et to for Ernesta lot 12 blk Telephone Road to secure Ulas Gene Coffman to Harrison M for Jimmie et lot 17 blk to secure 12159 Clifford et to for Gibraltar Sayings Loan As lot 27 blk 8 College Court to secure FHA Donald Dewey et to Philip for Hous ton Mortgage lot 3 in Northwood lo se cure FHA John et to Mc for Mortgage Trust lot 13 blk to secure FHA Therman Willingham to Asa V et for Pacific Mu tual Life lot 10 blk in Gessner 2nd to se cure Dean et to for National Old Line Ins lot 3 blk Bellaire to secure 12 FHA Rov William el to Garrett for First Con Mortgage lot 510 blk 21 Almeda to secure Donald Lee et ux to Clint for Cambridge Mortgage lot 3 blk 8 Oak to secure a new research center for nuclear missiles and space applications and recently for high temperature ma terials from Thiokol Chemical to be used in the Minuteman Earnings in 1959 were hurt by the steel strike when will probably not amount to much more than the pe share earned in the year of A substantial improve ment is looked for in to the prospective high level of auto Building Permits Bellus 6831 6859 6858 Bellus day wood lot blk lot blk Andover Place Bellus 6826 Lynd day wood lot blk Andover Place Olson 12942 Kim day wood lot blk Me 9047 Harris i Plumbing 5403 Ruther 18 E 8822 Max 12 8275 Max 74 6220 9 and 62222426 14 102 Fairview Frederick F X Lillian 4906 BostiCi built up WRose Screen 3 Ricks Van Cleve ad dma to built up Freeling 1901 Colonial John Flowers sur 3421 Harris Oran 8 i V James 7324 Fred cod 3 J James 4202 4204 3 Fred mobile production and general Jones ness Selling around Wk 2 Southwood James Leroy et to dint for Cam bridge Mortgage lot 5 talk Post OaU to se cure his stock yields per cent from the annual dividend which is expected to be maintained because of the companys lack of longterm debt and strong working capital The stock has appeal as a speculation for an aboveaverage return as well as longterm capital The market as measured by the Industrial Average gave further ground during the second hour and then recovered a small part of its loss during the third and fourth The underlying how was relatively The non ferrous metal group was with Kennecott up as much has l and Anaconda i As session wore the mar ket fluctuated a few points below the previous nights In view of the increase in brokers loans and hence margin the action of the day could be considered rea the the tape was two minutes late with prices New Business Firms Macs Houston Properties 2220 and others Celia Peden Animal 519 Jack Old Reliable Rug Cleaning 1318 Dick Old Reliable Pest Control 1318 Dick The Paint Jessie Fed Lucky Two 5137 Spencer Georgia Andys 1547 Rutland Warren Public Auto 7320 Long Chester Newmark 3302 Nor Aaron and Bergman 6431 Orville Foy Bonding 411 State Na tional Bernard The Shuttlesworth Snelling Insurance 1310 David Texas Electronic 208 Ipswich The Star Dust 2129A Hugh Park Rite Drive 5838 Gloria Stewart Diana 9647 Diana Broussard 302 Hatha Philip Jimmies Famous 7446 Ave Jimmie Heath Morton Body Westheimer Wash e tt e 1711 Westheimer Frank Joe Continued on page 4 Letch Felix 4013 3 Brentwood 4311 Jb 10 jj Gem 9953 9957 Tit tree 6 Albert day lot through blk Whailey 602 Turner Drive day store built up lot blk Whatley 7811 Hobbs aircon lot blk Briar 737 Bunker Central aircon lot in Isaac Bunker Cantrell 12222 Peb Central air lot blk Forest Al 607 Jordan aircon lot blk 1 Memorial Glen Rose 5606 Old Yale Jordan blk Yale Street Acres 3714 Jordan Webb aircon lot blk Brookwood Laverne 13018 Taylor Jordan air lot blk Memorial Plaza 6223 aircon blk Sinclair 12537 George add ma Continued on page 6810 2 Wier Carl 6 We tt our business vour This puts us in a better position to help you with your financial Niels Houston your very best BEACH HOTEL and NEW DOLLAR 100 COASTS BEST BEACH Ffier and Boat Entertainment Near aQ activities and 3 Golf 250 rooms tt in 84 new motel WRITE s FOR BROCHURE OR CALL
