Altoona Mirror, August 30, 1962, Page 22

Altoona Mirror

August 30, 1962

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Issue date: Thursday, August 30, 1962

Pages available: 60

Previous edition: Wednesday, August 29, 1962

Next edition: Friday, August 31, 1962 - Used by the World's Finest Libraries and Institutions
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Publication name: Altoona Mirror

Location: Altoona, Pennsylvania

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Years available: 1876 - 2014

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Altoona Mirror (Newspaper) - August 30, 1962, Altoona, Pennsylvania -THE ALTOONA MIRROR, ALTOONA, PA., THI HSDAY, Al (U ST 30, 1962. .Mirror Want Ads WI 4-7171. .11_. Uncle Ray: Ridge of Water Has Almost Perfect Line By RAMON COFFMAN National Outlook less. At the bottom of the break market should decline and test the RETURN FROM VISIT toona. recently moved to Johnson after 45 years of service, has there were a few days when the previous low.    Mr.    and    Mrs.    William    E.    Mar-City. Both Mr. and Mrs. Marshall taken a fringe benefit with him u.n    ^    c.u    ...:„        the    public    Mpffplfinopr who bond yield fell below that for Whether this historical prec-    shall and son, Ronald, of 270 1 5th    will be teaching in eden! will    be followed this time    St.,    returned Tuesday from John-    schools in that area, stocks,    but    the    rally    of    the    past    js    a matter of opinion. We believe    son    City, N. Y., where they vis-    oADimur    cdacp couple    of    months    has    restored    it    will be    and therefore we are    ited    overnight with their son and    RETAINED PARKING    SPACE Heffelfinger, who now works for the American Bankers Association, has been given permission By RALPH ROBEY !..    purchases    today. Opinions on the future of common tbe    leNel    j    Vu    - stock prices are extremely varied tbe ?r. °, fon a ^ if* at the moment. Our impression is spread belief that common stocks that the majority of professionals offfr th*    protection against is not optimistic for the market S1^tb a development. This belief, as a whole. This has to be a mere of course, has some basis since impression since it is not feasible common stock prices can rise as to make a tabulation of the views commodity prices advance. But of all those who make a living parallel movement is not m-through buying and selling se-evitab>c. and many persons have curries    ^one br0^e attempting to protect * .    -,,__.    .    „ themselves against inflation The high of the    market    as    mea^- through the purchase of common ured by the Dow-Jones indu mal    Fundamentally    the value average^was: last December 13 at o( a share of slock {s dependent just under 735. This average is upon the profits—actual and po stocks “which if    in    exfremefy    ,en,ial-°f the company, and when stocKs, wnicn is    an    extremely    pnces nse w 11 h o u t increasing small number, but it is used more earnjngS there js no lasting ju«ati TK k j .    .    ...    *    u    -f •    fication for a higher value for the They have declared that a fear- market because it is the only one stock    * some    “wall of    water” runs    up    the    which is carried by    the    Dow-Jones    Trv1‘ t_t_, rnrnnrafp nrnfiu river    bed,    and    that    people    must'stock tickers into    brokerage of-    a bemo Squee7ed ]n thp first ,,    *    ..    .    bees from one end of the country tbree months of this year the ag- People who live in these parts to the other. Another    important Eretzate was below* the final MONCTON, N. B.—My trip to New Brunswick was made partly because I wanted to pursue a bore. I am thinking about something different than a wild boar! The object was to see a moving ridge of water. The name came from an old Norse word meaning “wave,” but a bore differs a good deal from an ordinary wave. I have spoken about the bore I watdied at Windsor, N. S., but I came here to see a larger one. It runs up the Petitcodiac River, after coming from the northwestern end of the Bay of Fundy the earlier relationship    convinced    one must be extremely daughter-in-law, Mr. and Mrs. Ed- WASHINGTON (UPI) — William by Treasury Secretary Douglas Ann    „,uu.k    i*a,4    te    careful    in    making    common    stock    ward P. Marshall. The younger T. Heffelfinger. who retired from billon to continue to use the de- une e laders which lead to , Marshalls, former residents of Al- the Treasury Department this yearlpartment’s parking lot. Map showing path of bore seen at Moncton. Penners CME): ^iViVERS^ A. YOUNG GENTRY SPORT SHIRTS STORE HOURS: MONDAY 12:30 TO 8:30 P.M.—THURSDAY 9:30 TO 8:30 P.M. TUESDAY—WEDNESDAY—FRIDAY—SATURDAY 9:30 TO 5 P.M. OPEN LATE THURS. NIGHT! Going to Boreview Park by taxi cab, shortly before a bore was hurry to get out of the way due, I found that quite a crowd had; People who live in these gathered for ‘he next “perform- know about the coming of the | aspect of this average is that it quarrier of" 1961 Some companies ance.” I made a quick count, and bores well in advance, and stay serves as the basis for the so- ■ {    doine    better    tod iv it appeared that at least two    hun- out of the river bed. The ridge of    called Dow Theory.    th,m jn tbe jnjtjaj quarter    of this dred persons were in the crowd/water never is high enough to From the high of December the year but many are not and quite despite the drizzling rain.    seem like a towering wall.    market bumped along until the a number of concerns can find I forgot the drizzle when I sawi Q. Are these bores elsewhere? |middle of March, and then it n0 further wavs for curtailing ex-the bore approaching^ It had come!    A. Various bores exist    besides    began a slide    of major proportions    penses or otherwise increasing up the river for a distance of 40    ttiose of the Bay    of Fundy.    These    which carried    the Dow-Jones aver-    their earnings. This over all profit include the bores of the Amazon aEg down to under 536 at the end squeeze is a fact, no matter how Brazil, thp Indus in India, th6sQj Jun6. Since then there has been one measures profits. Tsientang in China and the Severn an irregular upward movement jn vjew 0f this, is it legitimate estimated, was about two feet.|in England.    and, as this is written, the market to expect the current rallv of the There are times when the ridge For travel section of your scrap- is appreciably above 600. That is stock market to continue? Logi-of water (the advance guard of book. _    a good rally, but it does not tell cauy the answer has to be “no,” a high tide) has a height of    four To obtain a free copy of Uncle    us anything conclusively    about the    but the market does not    depend feet.    Ray’s leaflet on North American    future    upon ]ogjC The bore at Moncton is remark-    Indians send a    stamped,    self-ad-    Before the    big break in stock    History shows that when there able, but strange accounts have    dressed envelope    to Uncle    Ray in    prjCes eVerv    one knew securities    has been the type of break we been spread by some observers, care of this newspaper.    1    —* —----------- Long sleeve, placket front features button-down collars. Choose from new prints—all wash ’n wear. Sizes S-M-L. miles, but had an almost perfectly even line at the front. The heights of this bore, as I The Family Scrapbook TM. Reg. V S. Pat. Off. All Rights Rcaervsd. were selling at extremely high had the first half of this year, it prices. As a multiple of earnings is followed by a rally which re-they were at a fantastic level, covers some 50 per cent of the And in terms of yield they gave less than one could get on Upgrade bonds. Since highly rated bonds involve much less risk than almost any common stock, it is lost ground. The current rally has not yet gone that far. On the historical record, therefore, the Dow-Jones industrial average should rise a bit farther, but then, and By DR. ERNEST G. OSBORNE Built-in Distraction Two-year-old Johnny Sylvester is a very easy child with whom to live. He and his mother enjoy one another. There’s just one situation which is troublesome. For some reason or other, Johnny doesn’t like it when his mother is telephoning. Only at that time is he fussy and bothersome. And since Mrs. S. is a person who enjoys chatting with her friends, Johnny’s reaction is a real “fly in the ointment.” After several attempts to con- not oniy piays quite happily dition Johnny so that he wouldn t when his mother is phoning but cling and whine while his mother 0ften takes his mother’s hand was talking, she came up with an and leads her to the phone so ’hat idea that has worked very well. he can have fun with the toys. On a little table near the phone,) This kind of arrangement can she has placed an attractive little be used in various ways in homes box filled with small plastic toys, where there are young children, bits of ribbon, empty spools and Such distraction is not only percher items of delight to a two- fectly legitimate but something vear-old. The box is fastened so that almost always wrorks well that it is only at telephoning time with the child who is so young that Johnny has access to it. that verbal explanations aren’t Now the young man of the house very useful. most unusual for stocks to yield this is the important thing, the ★ THE DOCTOR SAYS ★ Probe Role of TV, Music As Epileptic Triggers By HAROLD THOMAS HYMAN, M D. Written for Newspaper Enterprise Assn. Q—Is television harmful for a mit increased dosage of antioon-:hild with epilepsy? My 10-year- vulsants over the weekend. 5ld was well controlled until we    - nought our first set. Since then, Please send your questions and ie has had repeated attacks that comments to Dr. Harold Thomas >oem to come most often over Hyman, M. D., in care of this weekends when he is allowed to paper. He will answer letters of rfvatch for a longer time than on general interest in future columns, weekdays when he has homework but cannot reply individually. :o do. Ask for MONEY /fie minute, you Nun/ if! am YOU GET REPAYMENT PLANS SIMO*. | 24 Mot. | IS Mo*. $ 200 300-GOO 1000 1500 2000 SMI LU LOAN 11.69 17.13 32.08 Aa 14.43 21.26 40.41 CONSUMER DISCOUNT CO. Aa 34.38 I 48.05 I 61.96 51.32 71.73 92.49 68.25 95.40 123.01 Payment* include principal and Interact Get up to $2000! ...and 36 mos. to repay! Want cash fast? Call Beneficial. Get up to $2000 for auto or home repair, paying bills, seasonal expenses ... for any good reason. And, take as long as S6 months to repay on loans over $1000. Just tell us how much you want and when. It’ll be ready and waiting the minute you come in! LOANS OVER $600 MADE BY BENEFICIAL CONSUMER DISCOUNT CO. ALTOONA — Beneficial Finance Co. of Altoona • 1104 • 12th St, Corner of lith Ave........Windsor    4-9371 TYRONE — Beneficial Finance Co. of Tyrone • 1053 Penn Ave., Farmers & Merchants Bk. Bldg.. .MU 4-1450 BENEFICIAL FINANCE SYSTEM rn. A—There may well be a connec- ion between loss of control and jrolonged televiewing. A recent •eport of 35 seizures indicated that ibout half occurred after two to hree hours of watching. In nine instances, the seizure vas the very first of its kind. There also have been cases in vhich seizures were induced by istening to music. From Iowa College of Medicine comes * case listory of a 62-year-old woman vhose periods of unconsciousness $ vere actually induced by organ §g SUifiC. In another case, instrumental music proved the stimulus in 18 arsons. Vocal selections acted >n four. And, to the surprise of all, classical music caused more seizures than jazz and mere noise. Returning to the observation of our correspondent, perhaDs the physician in charge will be able to per- DENIED PILL OVERDOSE NEW YORK (UPI)—Singer Jane Forgan left Roosevelt Hospital Wednesday, denying that her eclipse Monday night was due to an iverdose of pills. She attributed he collapse to skipping lunch and tinner that day, and to taking “a ouple of drinks” that evening rith a tranquilizer pill. “The next hing I knew I was in the hospital,” she said.______ FAT OVERWEIGHT kveilable to you without a donor'* proscription, our drug callid DDRINEX. You mutt lo*# ugly tat n 7 days or your monay back. No tranuous exercise, laxative*, mat-aga or taking of so-eallad raduc-ng Candia*, crackari or cookiat, or hawing gum. ODRINEX ii a tiny ablat and easily swallowed. When 'on taka ODRINEX, you still enjoy iou' meals, still tat the food* you ike, but you simply don't have the irge for extra portions becauta DDRINEX depressas your appatite md decreases your desire for food. (our weight must come down, because es your own doctor wilt tell iou, when you aet less, you weigh ess. Get rid of excess fat end live onger. 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