The Daily Banner, Greencastle, Putnam County, 23 February 1967 — Page 4
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4 Tht Daily Banner, Graancastla, Indiana Thursday, February 23, 1967
Wall Street Chatter
NEW YORK UPI —William R. White of Homblower & W^eks, Hemphill, Noyes says the market has showed unusual resistance to reaction in view of the sharp rise since December. The analyst feels such behavior suggests underlying demand for equities is strong enough to prevent any serious correction.
still is on the sidelines awaiting reactions, thus downside risk appears minimized.
State Insurance Commission Approves Rate Reduction
Bache & Co. says it feels the Dow Jones industrial average will need more time for consolidating the strong January gains before a significant attempt at penetrating the 860870 resistance area of the average occurs. The company however, believes enough money
At Your Local Merchant's
Thomson St McKinnon says a good deal of the excesses characteristically occurring in trading favorites in a strong market rise has been corrected along the way. The company feels the market has shown a rotational tendency reminiscent of major bull moves and that odd-lotters continue to sell on balance. It feels the evidence does not suggest a bearish posture at this time.
Seek Compensation RAWALPINDI, Pakistan UPI —Pakistan, rejecting an Indian explanation of an incident in which a light Cessna aircraft piloted by a civilian was shot down by Indian fighter planes when it strayed across the border, demanded compensation Wednesday in an official note to New Delhi. Pakistan also demanded “deterrent action” against authorities responsible for the loss of the plane and pilot
INDIANAPOLIS UPI — The Indiana Insurance Commission, after waiting nearly five years to see how the plan worked in other states, has approved an insurance rate reduction averaging 25 per cent for young male drivers who are good students. The approval was announced Wednesday and the plan outlined at a news conference held by Fred A. Gates, regional vice president for State Farm Mutual Automobile Insurance Company. Gates said his company first worked out the plan for a rate reduction in the area or highest motorist insurance in 1962 and filed the changes with 35 state insurance commissions. In 34 states the company was allowed to go ahead with th - reduction but Gates said that in Indiana, the approval was not given until this week, effective March 1. He said that the experience with 68,000 students in the 34 states convinced Indiana Insurance Commissioner Joe Wood that the plan was workable. “For the young Hoosier male who qualifies, the discount could mean savings a typical fullcoverage auto insurance policy
of from $36 to $107.80 a year,” Gates said. However, to qualify, the youth must be a student ranking in the top 20 per cent of his high school or college class and have a B average grade or better. “We theorized that to get good grades, the average student had to spend more time behind the books and less time behind the wheel,” Gates said. “Since he drove less, he was exposed to fewer accident possibUities.’* “Statistics now support that theory,” Gates said of the experience in the past five years. More than 68,000 good student drivers averaged 348 car damage accidents per 1,000 policies in force. Others in the under-25 age group averaged 498.”
Awarded A Horse LONDON UPI—The English Speaking Union went horsey Wednesday over George Wash ington’s birthday. Dayspring, a four-year-old race horse who has won one race, was awarded to the owner of the winning raffle ticket Wednesday night at the Union’s George Washington Birthday Ball.
TAKE HOME Mff ARM LOAD!
GOULD'S FOOD MARKET 704 South Jackson Stnot
FOLGER'S COFFEE
1 LB. CAN 79c
TWO POUND CAN
fblgers
SUGAR 5 Lbs. 59c
FLOUR 5 Lbs. 59c
SWIFT’NING 3 Lb. Can 69c
H0LUND DAI RY SPECIALS
MILK
Gallon Pak
CHOCOLATE
COTTAGE
ICE CREAM
BUTTERMILK
CHEESE
Gallon or 2 14-Gallons
2 Qts. 35c
2 Lbs. 59c
99c
UTTLE SPORT FABRIC SOFTENER
QL 29c
WEST BUNS 12 Pak
29c
"orange JUICE
5 Cans $1.00
OXYDOL
FOREX
COLONIAL
»
2 Boxes
Liquid Bleach
SANDWICH BREAD
59c
Qt 19c
3 King Sizes 89c
ECKRICH LUNCHEON SPECIALS
ROUND
MINCED HAM Lb. 69c
WIENERS - Lb. 59c
FRESH GROUND DAILY
GROUND BEEF 2 lbs. *1.09
FRYERS Lb. 39c
OUR OWN MAKE PURE PORK SAUSAGE 2 Lbs. 99c
LEAN SLICED PORK STEAK Lb. 59c
TENDER RIB STEAKS Lb. 79c
RIB BOILING BEEF Lb. 39c
CHUCK ROAST Lb. 59c
ROUND STEAK Lb. 98c
CELLO CARROTS 2 Pkgs. 25c
POTATOES s 20 Lbs. 79c
BANANAS 10c Lb.
APPLES 49c Pkg.
HD. LETTUCE 2 Hds. for 49c
Honored With Retirement Banquet
Emmett G. Hurst, shown above with Mrs. Hurst, was honored at a retirement party by associates of the Indiana Gas & Water Company Tuesday night at Torr’s Restaurant.
Mr. Hurst, an appliance salesman, is retiring February 28. He was presented wtih an Instamatic camera and Mrs. Hurst was presented with a corsage. Photo—W. C. Kendall
Heavy Snowfall Expected For Eastern States
By United Presi Internotienal Up to a half foot of snow was expected to fall In the heavily populated areas of southeastern New York and eastern Pennsylvania today as heavy snow warnings once again were posted. Blizzard warnings remained in effect throughout North Dakota today as 50 mile-an-hour winds drove snow across the Dakotas and Minnesota. The Cold winds dropped the temperatures steadily in the
north central region where it began its surge to the Southeast. Along the path was a weather disturbance which moved through the Great Lakes area early today, dropping two inches in Dayton, Ohio, an inch in Pittsburgh and more in West Virginia. The entire northern half of the nation felt the fangs of cold, including the region between the Rockies and the Appalachians. Near cold wave conditions were
expected in northwest Arkansas today with temperatures dipping into the teens before the daytime temperatures began to warm the air. Hazardous driving conditions were forecast for much of that affected area. Later today the snows expected in the New York CityPhiladelphia area were expectto change to rain and back to snow flurries, possibly creating hazardous driving conditions.
Heavy snow was expected in much of New England today with snow and snow flurries prevailing throughout the Northeast. More snow was expected in the northern Rockies and rain later in the upper Pacific Coadt region. Snow squalls hit parts of the Midwest Wednesday, causing at least one death when a Pana, HI., man drove his car onto a railroad crossing into the path of a New York Central freight train.
Indira Gandhi Handed Setback NEW DELHI UPI —Indian Prime Minister Indira Gandhi today conceded her ruling Congress party suffered sharp losses in nationwile elections this week. She said the results were “very bad.” There was no immediate indication of the effect the election would have on India’s stand of “neutrality” in East-West relations. It was Mrs. Gandhi’s first public reaction to the surprising show of strength by Communists, Nationalists and other parties of the left and right in many areas of the country. Although her Congress party would retain its 20-year-old majorities both in national parliament and state legislatures, the opposition surge of power created serious problems for new government.
SHEINWOLD ON BRIDGE
Don’t Pin Your Hopes To Just One Finesse By Alfred Sheinwold If you spend much time with bridge players you’re sure to hear the question: “How was I to Know?” And then you will hear a long explanation of why the player was absolutely right when he did the wrong thing. South dealer i North-South vulnerable NORTH A 8752 <5> 94 O QJ73 « J 42 WEST EAST 4b AKQJ1094 4b 63 V 852 K73 O K8 O 109542 4b 6 4. 873 SOUTH 4b None ^ AQJ 106 O A 6 4b AKQ1095 South West North East 2 4b 4 4b Pass Pass 6 4b All Pass Opening lead — 4b K
The Lighter Side
By DICK WEST WASHINGTON UPI—One of the duties of a columnist is to provide interpretations and explantation that will help his readers understand events in the news. For instance, you may be aware that the “cultural revolution” introduced by Mao Tse-tung has produced waves of violence all across Red China. But the reason for this may not be entirely clear in your mind. I would be remiss if I did not point out what may be the underlying cause of the upheaval. Apparently, Mao is trying to stamp out love. News reports received here quote a newspaper in Moscow as quoting wall posters in China as declaring that “love is a petty bourgeois prejudice, a vice of capitalism.” According to these reports, the Red Guard is urging the Chinese to stop “wasting time on daydreams and sentimental conversations and put it to greater use by studying the words of chairman Mao.” This obviously is what is causing so much opposition to the cultural revolution. It imposes impossible conditions on courtships. I mean, a guy certainly isn’t going to get very far if he tries
to woo a girl under the light of a full Mao. Or say they are alone together in his apartment. The lights are low and he turns on the radio for soft music. As they settle down on the sofa, China’s No. 1 crooner sings: “Can it be the trees that fill the breeze with rare and magic perfume? Oh, no, it isn’t the trees. It’s Mao in bloom.” If that doesn’t kill the romance, the next number “Mao is a Many-Splendored Thing”
will.
In the unlikely event that something does develop, the fact that he doesn’t make much money won’t matter. They can always get married and live on
Mao.
The Red Guard also recommends that married couples “develop a struggle of two ideologies” and the “permanent atmosphere of criticism,” rather than striving for wedded
bliss.
This shows how far behind the Chinese have fallen under Mao’s leadership. In the United States, by contrast, married couples do not have to be urged by the government to develop a struggle on two ideologies and a permanent atmosphere or criticism. They are quite capable of doing that on their own. ' • — " /
When this hand was played in a Parisian bridge ' club recently, South ruffed the opening spade lead and drew three rounds of trumps, ending in the dummy. This put her in the dummy, so that she could try a finesse—either in hearts or in diamonds. South actually tried the diamond finesse, losing to the king. Later she had to lose a heart. Down one. The diamond finesse was the correct play if South could try only one of the two finesses. Actually, South should have played for both red suits. ONLY ONE ROUND South should draw only one round of trumps, with dummy’s jack. She can then lead the nine of hearts from dummy for a finesse. If it loses, South can ruff the third round of hearts to get to dummy; and then she can try the diamond finesse. As the hand stands. South's first heart finesse would work. She would repeat the finesse, draw a second round of trumps with the ace and then ruff a third heart in dummy to try the diamond finesse. An immediate diamond finesse would be correct if dummy had the singleton jack of trumps. Then there would be just one entry to dummy, and South would have to choose just one
finesse.
Half a loaf Is better than none, but the whole loaf is bet-
ter still.
DAILY QUESTION As dealer, you hold: S-A K Q J 10 9 4; H-8 5 2; D-K 8; C-6. What do you say? Answer: Bid four spades
Slam is very unlikely, unless your partner has so powerful a hand that he can afford to make a slam try even though you have made a shutout bid. Since your hand is worth 7 or 8 tricks on offense and perhapB only one trick on defense, it is a good idea to shut the opponents out of the auction.
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AUCTION
Furnishings from the hum* of Mrs. Myrtlo Boatman will bo sold in our auction room, cornor Maplo and Ohio Sts., on Sat., Feb. 25, at 12:30 p m. Solo indudos Hide-a-btd liko now, largo rug, platform rockor, other rockers, coffee and end tables, dining room suit#, elec, range, refrigerator, dishes, utensils, bedding, and many other items. Will also soil othor lots of housohold furnishings including, two living room suitos, two dinotto sots, couch, platform rockor, T.V., radios, lamps, 30 in. gas rango, dining suits, two antiqus dining chairs, and othor small antique items, dishes, utensils and other misc. items. CLAPP'S AUCTION SERVICE Frazier & Clapp, Auctioneers Frazier B Crump, Clerks