Decatur Daily Democrat, Volume 55, Number 245, Decatur, Adams County, 17 October 1957 — Page 6

PAGE SIX

Market Break Tame To That Os 1929 Contrast Compared To Crash Os 1929 j By ELMER C. WALZER United Pres* FtnatKtai Editor NEW YORK -VPX - Twenty-' eight years ago today, the nation' and purticuhMHy WaU Street was' entering a period ot gloom that was to precede the biggest stock market »rash in all history. Today. despite a market decline that has persisted with few intertuptions since July 12. Wall Street is bracing itself for what Standard

fl CUSTOMERS SUMMONED 4 T 0 PROVIDE BAIL! J Hundreds of Tickets and Fines Issued fl] t 0 e 9 u^ar Merchandise for flfl OVERTIME W PARKING These items have been Sparked on our sales floor too long. We must have room for new Fall merchandise that IM <s arriving daily. The Judges—our big bosses—have ordered stiff fines on these overtime parkers .. . Most are 111 first offenders. . . Some Jiove been "booked" before ... all are wonderful bargains at our "bail out" prices ...£ guaranteed regular price minus amount of fine). Listed below are but a few of the many you will find through |B | our store. They are yours (for BAIL ... Come and Get 'Em—first come, first served. ■ • •■Y" 1 V’l- 1 LARGE FUIESIDE , , , sr I Sewing Machine »«■»«-« Chairs >«»i» f||| Electric, in beautiful ' $149.95 $28.47 *2M> Decorator Fabrics $29.95 $12.07 * / Mi mahogany cabinet Choice of Styles ■ MISCELLANEOUS j BEDROOM SUITES B | PROLONGED PARKING Slows Store B \\ \RK \M H»R \RRI-.SI ■ I Traffic .... Custody Ordered I Afler Su,tes Iffnore Tlckets ■ ■ . B VALUE FINE BAIL fl 1 VALUE FINE BAIL 3-Pc. Mahogany, Fruitwood finish $< rfa^." 95 M B Doryyer Mixer-Complete t- *ftft-* 3 B ar<e PUIC G * aSS Mlrror ’ 5199 ’ 95 533 00 jfl| — $29.95 $ 7.00 , ■ 3 _ Pc> french Walnut Finish S< 4 ft- 3 '’ M B Plasticised Tops $179.95 $30.00 Hfi ■24 Fc. Stainless Steel and Copper , —. . .-.an W ■ Ecko-ware Set, For Carefree $39.95 $9.50 2® ■ 2-Pc. Seafoam Fimsh Double S lO9’ 9 ° SB ■ Cooking. ■ Dresser and Bookcase Bed sla9.9a soo.oa mwf y ■I H B 3-Pc. Pearl Mahogany Double Dresser *1 AQ- 93 !« 54" Steel Wall Cabinet. Insulated ■ Chest and Bookcase Bed $139.95 $30.00 >V2 ■ ■ Doors—Chrome Handle $34.95 $ 5.00 4*2 ■ V1 „ < B B 3_Pc - Limed Oak Double Dresser $« • 9 ’ > B . „ H Chest and Bookcase Bed .. $199.95 $45.00 *34 |M ■ Apex Vacuum Cleaner, s 2ft‘ 7s H bB B Easy Moving, cannister type — $59.95 $21.20 3® H 3-Pc. Ranch Oak Double Dresser $« 2ft' 80 I Chest and Bookcase Bed .. $199.95 $51.15 “3® 5 I £ ab ‘ net J D ? Üb,e Do ° r .. oo= . ... ’ld- 83 ■ 3-Pc. French Walnut Double Dresser *lAtt 95 Hfl WWte ’ COW>er Trl “ $19 ’ 95 ’ 312 *** B Chest and Bookcase Bed .. $189.95 $20.00 *©“ B j LIVING ROOM —— I I METER SLUGS FOUND—Arrest on Spot! I CHALK MARKS PROVE ■ B Over-time Parking, Meter Jammed VALUE FINE BAIL 8.l >*P®- Suite — Complete $m 2 ft' 80 B VALUE FINE BAIL B Se,ection 07 Colors $169.95 $31.15 A3® B Innerspring Mattresses. Box Spring s 2ft' Bo B B Twin or full size, Simmons $59.50 $20.70 3® B 2 ' re ' Suite, Biege er Green $m B*A-90 B or Serta ■ I He * Vy PUe Fr ‘” e C ° VerS " $19995 54005 B Sofa Bed and Matching Chair $ f ■ ■ Metallic Cover $159.95 $32.95 * / B Kro ® h, er 2-Pc. Suite $« aa .95 ■ HI B Green Friese $254.95 $55.00 *22 ■ Twin Size Box Springs s«a 88 H M Serta, Simmons, Geier, $44.00 $24.12 *2 H B Foam Rubber 2-Tc. Suite $« MO-80 B Hirshman - |M B Several to choose from ... $219.95 $41.15 */ ® B Simmons Sofa Beds— sgm gW-95 y B BieKe Or Green 889 95 8,0 00 * ” ■ B 2 - PC - Ny t““ e eo,on. eoAAA 1Q 95 B Simmons Hide-a-Bed $f C< w. 95 Charcoal. Brown and Biege $239.95 $20.00 *» * 2 ■ Nylon Fri „ e 51 99.95 SIO.OO I®2 H I PC - S^° n ”- Foam Bubbe ' c $ 284- 95 B Serta-Daveno with Innerspring *2it 93 IB B Green rrfei !f $299.9a $55.00 *><*4 B Mattress—Rubber Cushions $299.95 $35.00 ftOf# g|H| < Cover — *" —"— — WfegeJHetalHc $222 -25 BeflB Rubber Cushions-Modern $249.95 $27.70 XM B B^ uty Rest - Sofa 8 13*7 °° n B Bed—Gold Metallic $139.95 $12.95 *** / ■ j DINETTES —I 1H..8 - HEAVYWEIGHT VALUE FINE BAIL ■ ® IM AMIfFTQ CHOICE of s*.B6 U B PARKED HERE LONGER THAN DLARREIO colors $4.95 $1.09 3 ■ a VISITING RELATIVES ■ I Noli “ Filed T “ Mo eOn IF YOU DON’T HAVE CASH FOR BAIL I VALUE FINE BAIL nee( j to }j r j n g your j aW y er> We’ll release anv item ■ I Chrome Dinette $- ft .9O to VOUr CUs(odv f ° r Onl - V a Bmall feo - ‘ M B Red, Yellow or Gray $89.95 $30.05 32 sB B s * l>!C - A< l ua Inlaid Top S XQ- 95 Blfll fl Ifll fl |y? m» ~T_— -i -|B B Guaranteed Chrome Finish ... $99.95 $30.00 "2 B|H| J | fll fl ’ I B 7 pe. Brass ’n Black. Choice sgw ew .95 ifl isl Isl Hw/UI ■B ot Bl« ck or Turquoise $129.95 $30.00 22 BI IBfB ■I I I I ■ B W°od Grain. Bl 18l KB I ■U>BJ Wt INC *I I 7-Pe. Bronzetone - Brass Trim Sbm.9s ,d I Ermine Walnut Top $109.95 $20.00 ®2 FURNITURE STORE »

& Poor’s in its current "Outlook" calls the "Golden Sixties’’—a period of boom to be set off by demands for goods and services of a teeming population by that time. Standard & Poor’s adds that the year 1958 will see little change in ;the economy—a further levelling !ott in the first half and a recovery m the second half that will bal- ; ance out the first six months. And the market break so far is 1 seen as tame compared with that 'of 1929—n0 comparison, and no repetition of 1929, is the belief of the experts. Comparison With 1929 If one measures the first part of the 1929 break the time is just' about what this market has gone I through in selling so far. Back in 1929, the first phase of the decline came after the mar-|

ket had set its record highs on Sept. 3. It carried on to Nov. 13 when a temporary recovery set in. In thatt period of decline in 1929 trading time occupied 257 hours and total sales were 277.246,910, an average of 1.078,782 shares an hour. In the 1957 decline from July 12 to Oct. 11 trading time amounted to 275 hours and sales 126,162,570 shares, an hourly average of only 458,773 shares. I The losses in 1929 for the period amounted to 48 per cent fpr the industrials. 32 per cent for rails, 1 and 55 per cent for Utilities. The lasses in 1957 amounted to 14 per cent for the industrials, 24 iper cent for the rails and 9 per Scent for the utilities. There are two contrasts between this market and that of 1929. {There are others: ,

THE DECATUR DAILY DEMOCRAT. DECATUR, INDIANA

Investors Still -in Market I 1. This market of 1957 still is an investment market, with stocks > held by big and small investors : who aren’t eager to sell. They’ve , only unloaded less than 3 per i cent of the listed shares since i July 12. In the 1929 period the ■ selling involved 28 per cent of the ; listed shares. 2. The market of today is practically a cash market. The 1929 I market was based on cast - amounts of credit, Today’s mar- . gins are 75 per cent. In 1929 they were as low as 5 per cent. > Wall Street experts say there I really isn’t any comparison be- ■ tween the two markets. But this one has been hurt by selling and i not a few of the market men anti- . cipate further selling before a solid base is established for a broad

recovery. Reasons for the 1957 decline can be stretched"' out to a long list, ' but they center on a few such as tight money slowing up business jand high costs pinching profits to the point where dividends might be lighter in the months ahead. The decline so far has produced losses in many issues held by investors and it is believed they 1 will take some of these losses in the month ahead to lighten their 1958 income tax payments on 1957 income. Capital losses can be used to offset capital gains and part of them can be taken against regular I income over a five-year period at the rate of SI,OOO a year. Queen's Schedule . WASHINGTON <UP) — Queen ; Elizabeth’s schedule today: (all time c.d.t.) 8:15 a.m.—Departs from Williamsburg Inn, Williamsburg, Va., for airport. 9:15 am.—Leaves Patrick Henry Airport for Washington aboard Columbine 111. 10:15 a.m.—Lands at Military Air Transport Terminal, Washington National Airport, for official ' welcome to United States by Pres--1 ident. I 10:45 a.m—Leaves airport on | start of motorcade to White House. | 11:40 am.—Arrival at White I House. Noon —Luncheon with President and Mrs. Eisenhower. 1:45 p.m.—Departure from White House for drive to Arlington National Cemetery. 2:05 p.m.—Lays wreath at Tomb of Unknown Soldier. 2:30 p.m.—Lays wreath at Canadian Cross in Arlington National Cemetery. 3 p.m.—Arrives back at White House. j 3:50 p.m.—Leaves White House i for Statler Hotel. 4 p.m.—Attends reception given by Joint Committee of Press, Radio and Television Correspondlends and News Photographers. 7 p.m.—Attends state dinner i given by President and Mrs. | Eisenhower at White House. I Pres. Eisenhower Attends Grid Games WASHINGTON (IP — President ' Eisenhower will spend two of the i next three Saturday afternoons . like millions of sports fans across ' the country-at college football games. The White House announced Wednesday that Eisenhower will see the annual Army - Navy 150pound game at Annapolis, Md., Oct. 26 and . the Army-Colgate game at West Point, Nov. 2. Hold Two Teen-agers For Theft Os Auto VEEDERSBURG — W — State police arrested Jerry A. Marek, 15, Milwaukee, and John V. Grudowski, 13, West Allis, Wis., in a ! field Wednesd after troopers T charged the boys abandoned a stolen car in Fountain County near a coal mine. If you have something to sell or rooms for rent, try ’ a Democrat Want Ad— they bring results.

Rexall Original 1c SALE NOW GOING ON! SALE ENDS SATURDAY, OCTOBER 19! 2" !****••■' '■ Q 1 R ff 11 •<S 4 * A» l C£rf l mfiS J?g*afl Mi 31 T'W jf fl nd 507 X * jOf i Z stock op," (Op ANTISEPTIC SOLUTION -i — afl Multi-purpose mouth wash, fl £4®gg/X p®'*‘ gargle, breath sweetener. ' ; ga a$P?“ wW st- r 21« 90. - --©Ws?n i4 ' - - IZ' ITexatt ■ uKt |T< g 8 w 1#»O t • > /£x -Finest qualify! W I A rubbing\ ■ IB Si' akohol \', X COMPOUND I ■ * ’.-' Soothing body rub. Ideal fl >■ 2~~i I for sickroom needs. g„ ’ll J?sis2 PANOVITE pm mg. 79c ■ I with MINERALS | A 'jf F • < B..plus 12 fcgg I / X ■ if ,iors»ei.us.X for 4»70 liMil — #.. [Smith Rexall Drug Store

Tax Collections In Indiana Are Higher Most Os Increase In Gas Tax Boost INDIANAPOLIS (UP>—The Indiana Department of Revenue reported today that total collections for the first quarter of the fiscal year of nearly 51 million dollars, a 23 la per cent increase ever the corresponding quarter of the last fiscal year. The increase from slightly more fhan 41 million dollars in the first quarter of the 1956-57 fiscal year was due almost entirely to a 50 per yent increase in the state, gasoline tax, which the 1957 Legislature raised from 4 to 6 cents a gallon effective last March. Motor fuel taxes brought in $27,436,788 between July 1 and Sept. 30. compared with a little over 18 million in the comparable quarter of 1956. Gross income tax collections were up slightly from 20.5 millions to 20.7 millions. The revenue from this source did not reflect the 50 per cent increase in the gross income tax rate which was effective July 1, because withholding did not become effective until that date with the first payment due in October, after the quarter endd. Intangibles tax collections of $844,911, inheritance tax collections of $1,294,002. oil inspection fees of $387,393 and petroleum severance taxes of $91,466 were up slightly from last time. State Revenue Commissioner Edwin W. Beaman said this was the first quarter in which motor fuel tax collections exceeded gross income tax collections. But this : was due solely to the fact the fuel tax increase was reflected in the i collections before the gross income tax increase showed itself in the ■ figures. Attends District Technicians Meet Mrs. Herman Ulman, Decatur, was among the Fort Wayne Lutheran hospital personnel who recently attended the meeting of the northeast district technologists and techniicans, held at the Jay county hospital in Portland. Mrs .Ulmap and Miss Barbara Pio, of Fort Wayne, are the technologists appearing in the laboratory scenes on television, supporting the United Fund campaign. $4,680 Robbery And Beating Reported INDIANAPOLIS — IW — Vaughn H. Carithers, 42, Decatur, Ala., told police Wednesday night he ! was hit with a brick and robbed of $4,680 he had borrowed from ■ his mother-in-law for a used car buying trip here. ; Carithers, exhibiting a head ini jury he said was inflicted by brick, said he was carrying the cash to a acr dealer who had sold him four cars when two men • forced him at gun point to walk t into an alley where they robbed him and fled.

Kalver Reelected By Theater Owners ■ Mr. and Mrs. Roy Kalver have returned from Indianapolis, where they attended the annual convention of Allied Theater Owners of Indiana held Tuesday and Wednesday at the Marrot Hotel. Kalver was reelected president of the organization for the fifth year' and was also named as national director.

AUCTION FURNITURE—PLUMBING TOOLS—APPLIANCES Thursday Afternoon, October 24 4:00 P. M. • t LOCATION: 616 SHORT STREET, DECATUR, INDIANA 36" Westinghouse Elec, Stove; 8’ Westinghouse Refrigerator; 3 Po. Blond Oak Bedroom Suite, bookcase headboard; Round Chrome Dinette Set with foam rubber, Chrome armed chairs; 2 End Tables: Studio Couch, like new; Drop head sewing machine; 21” Real Type Power*Lawn Mower: Garden Plow & Tools; 55 Gal. Oil Bbls; Estate Oil Space Heater, with fan; Table and 6 chairs; Hall tree; Radio; Sewing Machine; 9x12 Rug; Electric Stove; Lamps; 4 Chairs; Hand Sweeper; Washing Machine; 2 Lawn Mowers; Dishes, Pots, Pans; Ivory Porcelain set of dishes, service tor 12; Trolling Rod and reel; 21” Philco TV Set; 6’ Coldspot Refrigerator; Wrought Iron Dinette set; Wrought Iron Cotte table: 2 Step down end tables; Wrought Iron Studio Couch and chair to match; Good 9x12 Rug (wine); Baby Bathinette, like new; Elec. Kenmore Dryer; Apex Washer; Garden Tools; Scythe; Pick Ax; Shovels; Crocks; Fruit Jars; PLUMBING TOOLS, ETC: Pipe wrenches; Complete Set of Plumbing Tools and Dyes; Nuts; Bolts; Screws; Nails. Auctioneers Note: Some of this furniture and appliances are like new. TERMS—CASH. Mr. & Mrs. Elmer Darwachter, Owners Gerald Strickler. D, S. Blair—Auctioneers Everett Faulkner—Clerk C. W. Kent, Sales Mgr. Sale Conducted by The Kent Realty & Auction Co. Decatur, Indiana Phone 3-3390 Not responsible tor accidents. 17 19 22 f SAVEuptoSO%onFUEL WITH SIEGLEft'S EXCLUSIVE PATENTED TWO-IN-ONE HEATMAKEX! Look at these exclusive A SIEGLER features g gig ■■ • Two-in-On. H.atmak.r H MBI ; • Save* up to 50% in ■ MH ■ S ♦ Sieglermatic Draft end* toot and tmok. Eg ■MM . Silent-Floating *uper quiet motor mount M IM''i K O • lifetime porcelain enamel finith • 6-way directional Tropical Floor Heat H ■ • Cast iron construction ■ I]' • ; Hf- • Kleen-Fire burner, dean* a* it heat* ■ pl 1 hli n ■ MSSM • Summer cooling at the turn of a twitch g H rASImHI Stucky & Co. MONROE, IND. OPEN EVENINGS EXCEPT WEDNESDAY

THURSDAY, OCTOBER 17. 1957

Television Repairer Js Shocked Fatally INDIANAPOLIS — «PI — Medical examination indicate today that Henry E. Bringwald, 55. whose body was found lying in front of his television set Wednesday, was electrocuted while trying to repair the set. A screwdriver was found near the body. Authorities at first considered a thory of natural death.