Investment Trusts and Babson on Open and Closed End Trusts
Babson explains Investment Trusts open end versus closed end with examples of how they function and the cost structures for buying and selling. He notes diversification benefits, brokerage charges, and the potential for price discounts on closed end trusts, urging readers to weigh management and commission factors. The piece critiques regulatory pace and diligence by the Securities and Exchange Commission.
MENTIONED IN THIS ARTICLE
Stock Exchange
E. C
Seta
Philadelphia
Securities & Exchange Commission
County Vote Purge Could Remove Thousands in Erie
Erie officials said about 714 residents of the East and Seven Words areas have been dropped from voter files in a purge begun after last year's elections. Chief Registrar Joseph Williams estimated the final total near 4,000, about a third of the prior year. The purge aims to complete within two weeks, with affected registrants notified and allowed to reregister if they return registration forms within days.
MENTIONED IN THIS ARTICLE
Erie
Enpollnitt
Remstrar
Joseph C. Williams
Wiliams Mig
Williams
Amd
Danse Panos
Tian
Investments and the Commission Guard Investors’ Rights
The commission emphasizes protecting investors from raw deals and unscrupulous practices. It targets investment trusts, highlighting that open and closed funds alike have risks and require oversight to prevent misrepresentation and misuse of securities.
MENTIONED IN THIS ARTICLE
Commission
Parsons
Commissionerc
Gripsholm Enroute With Exchanged Prisoners Ship
The War Department tonight announced the gripsholm will carry 463 Army officers and enlisted men, 665 US civilians, and 78 Canadian military personnel home on the exchange ship. The Swedish ship is due in the United States next week with wounded soldiers exchanged for German prisoners of war. leave or furloughs will be arranged for those fit to travel. continued hospital care and full pay accounts are planned. Kin of listed men have been notified, including arrivals from nearby towns such as Getty, Darrell C. Getty, wife Sara J. Getty. Erle Hardenberg, James C. Hardenberg, wife Vieve K., 129 East 50th Street. Franklin, Charles P. Upast, Emma L.. Addison F. Hardenberg, wife, Park Street. McCullough family. Clinton A. Smith family, Chevy Tree area.
MENTIONED IN THIS ARTICLE
Washington
Wep
War Department
Gamany
Gripshlm
Abonthard
Geipsheim
United States
Swiszerland
Getty
Darrell C
Air Corps
Sara J. Getty
East 50H Street
Erle
Fardenborm
James. C
Vieve EK
Hardenberg
Park Street
Franklin
Uparst
Charles P
Histoles
Emma__L
Birch Street
Allmigh
Addison F
Pieus McCullough
Sgt Houghtling Listed Wounded in Leyte Fighting
Sgt Houghtling listed slightly wounded on January 10 in Leyte Island combat. Official Navy Department message to wife Rose Houghtling at 28 South Center Street confirms the injury. He entered service three years ago next month and has spent nearly a year overseas in the Pacific theater.
MENTIONED IN THIS ARTICLE
Seth Houzmlo, Jr
Leyte Island
Was Department
Rose Houghtling
South Center Street
Houghtling
Pacific Theater
Doctor Denies Woman's Charge In Civil Suit
Punxsutawney surgeon Dr W L Brohm testified he was surprised amazed and humiliated by charges that he brought two men not doctors into a hospital delivery room during a birth involving Mrs Verna Thomas. He denied apologizing to Mrs Thomas and said he did not arrange visits. Spencer and Singleton testified they were in or near the maternity area but not in the delivery room, and the case heads to the jury. Also reported, twins and a triplet born to the Gorman family in Johnstown with weights and family details.
MENTIONED IN THIS ARTICLE
Punxsutawney
Associated Press
Brookville
W. L. Brohm
Vernam Thomas
Brohin
Robert Singleton
Arthur Spencer
Thomas
Erie Industrialist Died After Prolific Career at 88
David McBrier, Erie industrialist and former Ball Engine Co president, died after a long illness at his residence in Erie. Born September 22, 1856 in Pittsburgh, he built a career in lumber and engineering, later leading the Erie Steam Shovel Co and the Erie Stein Shovel Co. A long-time Park Presbyterian Church elder, he helped shape the church merger into the Church of the Covenant and contributed to its West 6th Street edifice.
MENTIONED IN THIS ARTICLE
RTE
David Nye McBrier
Erie
Taot
My McBrier
Erie Steam Shovel
Mersil
Bucyrus-Erie Co
Pittsburgh
Lehigh University
Alabama
Ball Engine Co
James McBrier
Ne Aa
Stein Shovel Co
McBrier
Brie
Park Presbyterian Church
Milk Subsidy Change Affects April Dairy Payouts
The War Food Administration announced state level dairy payments for the last three quarters of the year through the State AAA Committee for Pennsylvania. Payments for milk produced in April May and June will be 45 cents per hundred pounds, with January February March at 60 cents under high forage and grain feeding. July August September also 45 cents, with October November December at 70 cents if funds are approved beyond June 30 1945.
MENTIONED IN THIS ARTICLE
State Aaa Committee
Pennsylvania
Clyde A. Zehner
State Aaa
Congress
North East Case on Trial in Erie Court
Mrs. Ruby Shunk of North East seeks damages from the New York Central Railroad after her husband Edward Cooper Shunk, a plumber, was killed November 1, 1943 when his truck was struck by a westbound NYC passenger train at the Liberty street crossing in North East. A special jury drawn from recent criminal court sessions heard the case, delayed from January due to weather affecting defense witnesses.
MENTIONED IN THIS ARTICLE
Erie
Ruby Shunk
North East
New York Central Railroad
Edward Cooper Shunk
Shunk
Nyc
Liberty Street Crossing
Missing Boy Is Hospitalized After Erie Bus Crash
A mother searched Erie for hours for her children while Patrick Pilatas, five year old Leona’s brother, suffered critical injuries after being struck by an Erie Coach Company bus at Twelfth and Perry. Patrick sustained a possible skull fracture, a broken leg, and multiple bruises. he is listed in fair condition. The accident occurred at about 9:80 a.m. on Wednesday.
MENTIONED IN THIS ARTICLE
Erie
Hamot
Erie Coach Company
Twelfth
Perry Streets
Patrick Pilatas
Gilda Filutze
Baumgarter to Receive Degree at Penn State
Walter Baumgarter of 10 East Main Street will graduate February 22 with a Bachelor of Science in Metallurgical Engineering from Penn State after entering in July 1942. He will join American Steel and Wire in Worcester, Mass., upon graduation. Police investigated a separate traffic accident involving a child struck by a bus, with details pending.
MENTIONED IN THIS ARTICLE
Walter Baumgarter
SOU Oay Pets
Samuel Baumgartner
East Moth Street
Penn State College
Corry
Baumgarten
American Steel and Wire Corporation
Wf Worchester
Mass
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Cose
Babson
Securities Exchange
Roger W. Babson
Babson Park
General Electric
Ime
Cirraful Investment
Shamburg’s News & Sports
Aeam North Corry
Center of Columbus
Ave
Armitage
ULES
Beis
Rena
VICKS
Arcratie Cas
Sloan's Liniment
Blaise
Anusol Suppositories
Carters
Doans
Gripsholm
U. 5. Army
Germany
Associsled Press
Sgt. Houghtling
Johnstown
Harry Gorman
Neerby Benshoff Hill
David McBrier
CEP
Ty Liao
the National Bank OF Corry
Federal Deposit Insurance Corporation
Walter Baumgarther
RY Ward
Mostomery Ward