Chicago Tribune from Chicago, Illinois • 72

'V1Wr 8 Section 3 CHICAGO TRIBUNE, MONDAY, OCTOBER 26, 1964 Investors Guide Honored on Retirement The Women's Corner JANEWAVS VIEW: Will Maintain Stability of Pound 111 i MMTM! mm I tilts ilillf I BY ELIOT JANEWAY Chicas Tribane Prist Service Montreal is Ihr. 50 min. from Chicago as the Chateau flies New York, Oct 25 There will be no devaluation of the pound sterling. Nor will there be a crisis of business and financial confidence over the issue of renationalizing the British steel industry, For answers to specific questions about insurance, or taxes, write to The Tribune Investors' Guide. Inclose addressed, stamped envelope.

Inquirers' names are never revealed. Answers are based on information believed reliable, but The Tribune assumes no responsibility therefor. BY EDWIN NICHOLS Some wives know all about their investments and other property. Some may even be part owners with their husband thru joint tenancy. Others probably have no definite information about their husband's important papers and where they may be found.

if so. where is it? Is the will In the form it should be under present law? It also is well for the wife to know the names of the lawyer and executor. 2. What life insurance does the husband carry, and what beneficiaries are named? What settlement provisions have been chosen? What company, or companies, issued the policies? Where are the policies and premium receipts kept? Are there any unpaid loans based on the policies? 3. What health and accident insurance policies does the husband carry? 4.

What stocks and bonds, if any, does he own, and where Defore tne snort untisn elec tion campaign was officially opened in September, evidence was accumulating that, in the event of a Labor victory, the 'pound would remain at its present parity of the dollar, and that the issue of steel renationalization would peter out into The "Chateau" is Air France's Boeing 7U7 Jetliner, flying nonstop between Chicago and Montreal every Monday. Wednesday, Friday and Saturday at 5 p.m Edwin H. Forkel (center), former president of Conti P7 Lack of such information might a war of words. The four-vote majority that Harold Wilson squeaked in with assures this. Two major issues seem to have won for Wilson.

The first was his effective criticism of the Conservatives' handling of Britain's intricate international finan be very troublesome if the hus-! are they kept? It would be helpful tor the wife to know the band should die. nental Casualty company, was honored at a retirement reception in the Union League club given by the Knights of the Round Table, an insurance organization. Flanking Forkel are Baron Whitaker (left), president of Underwriters Laboratories, Janeway jACEison-FRAnKLin buildihg Here are some things a wife should know about the husband's finances: 1. Has he made a will, and and Ellis Clarkson, president of National Fire Insurance company, Hartford, Conn. cial relationships.

The second was his promise to modernize Britain and to lead her in a fight to regain her old-time com SUBLEASE AVAILABLE INSURANCE Chicago ship Ammm name of any investment broker or dealer with whom the husband deals. 5. What bank or savings and loan accounts does he have? 6. If the husband owns real estate, in addition to the home, the wife should know its location, the income from it, if any, and, if possible, its prospects. 7.

If he owns his own business it is important for the wife to have some general information about its condition, AND SAILINGS LIFE MERGERS ON AGENDA OF petitiveness in world markets. Both promises added up to one commitment even when Wilson still hoped for a commanding majority. The commitment was to make aggressive use of United States financial cooperation to support sterling against a run and its inevitable climax, a devaluation crisis. This has been the traditional pitfall of past British Labor governments. battle of the international money markets.

What matters to Washington is not which party is in power in London but, rather, that sterling should command confidence, at its present exchange value, as an alternative and equivalent currency to the dollar. No doubt about it, any weakness in sterling would quickly and irresistibly threaten devaluation for the dollar WILL DIVIDE Air conditioning Natural light 4 eidet CALL: AFRICA African Crescent Forrell Oil River (Black Star) 7 11- 0 0 11- INSURE PARLEY CARIBBEAN Barbara (Transcoribbean 10-20 10-31 Schulto Transcoribbean 11- 11-12 FAR EAST Fiona more Valley States Marinel 10-20 Continental Assurance com earnings, and prospects. II loans are outstanding in the husband's favor, there should be adequate records. I pany will conduct a conference Robert W. Reiss, 782-8184 Exclunvt agent: STROBECK.

REISS CO. PRUDENTIAL PLAZA CHICAGO, ILLINOIS 60601 Wednesday and Thursday on CONTINENTAL PORTS Arrival Sailing Ship an Lin ante gat Rgfdcfifll tFiell Oreille 10-Ie SolYiea IChime 10-2S Enrfo Hrcar 10-le 10-30 laghi Wtion Hrcor 10-tt 10-2 Jam EribM Reefer) tO-TJ 10-2 Leada Romberg CMcago 10-31 11. 1 Svonefiell IFItll Ormli 10-2 10-31 Clemens Sertorl HgmkTt Chse 10-2 11- 3 Eillona Amor Ix-lsbrangtseti 10-30 10-31 Traiuooroon PosoldonJ 10-31 11- 2 Fwnssarg (Heeof Lrortl 10-31 11- 5 Cent French 11- 1 11- 3 Tersholm Swedltk Amor Ida 11. 1 11- 3 Rheinstti Honoe Llora 11- 1 11-13 Soloanhg Chime 11- 1 11- 4 and disaster for the United States economy. All hands agree that the first line of defense for the dollar is sterling.

Orient Merchant Orient Mid-East 11-11 11-10 I 8. The wife should have ac- rtrr-f tsv tnv Alni'iHie acquisitions and mergers in AUSTRALIA the life insurance industry. Kranolantf Atlonttrafik 10 20 10-23 wa laA iciauiig Also Scondinevion Baltic. "Also i not OnlV to DrODertV DUt to Backs Sterling Heavily tin tA K-ne I Also Far United Kingdom. tAlso.

India. IT PAYS TO ADVERTISE IN THE CHICAGO TRIBUNE income. East. In recognition of this fact of financial life in today's world economy, the United States has caused more backing to be put up for sterling than any other Tlnaefiell Fiell Oranf II- 3 11- 4 Must Save Sterling Harold Wilson, like every public man, has been criticized on many counts, but never for political amateurishness. Every political incentive motivating the professional is now pushing him towards one strategy.

The one and only way for him to hang onto his slim margin is to demonstrate his determination and his ability to save sterling, and to make Britain's private enterprise system work. This double-barreled strategy assumes a smooth-functioning axis between London and Washington, at the intergovern Bore no tm sweats American it- 4 11- 4 Salainbria tChimol 11- 4 II- Cypress Midlong Overseas 11- 11-10 free country has ever done, Virgilia Hamburg Chicago 11- 11-10 Tidenolm Swedish America 11- 11-13 time of peace and in anticipa Alice stream Gl. Lakes tion of emergency, for any The meeting will take place in the auditorium of the Continental Center, 310 S. Michigan av. David G.

Scott, president of Continental Assurance, said the company decided to sponsor the meeting because of the growing interest in mergers. Richard G. Hershey, insurance director of Illinois, will give the opening talk. The scheduled conference speakers are experts in the fields of insurance, actuarial sciences, accounting and taxation, law, education, management con Tanker 11-10 11-12 ally. Wilson Labor govern ment has taken office with Alheli (Midland Overseas 11-10 11-13 Finland Fiell Orange 11-10 11-13 Uranas (French 11-11 IMS Transamericg Poseidon 11-12 11-13 more than enough in the way i Transpacific Poseidon 11-12 11-14 of currency exchange reserves Belgian (Fiell Oranie 11-13 11-1 Kallsg Erikssa Reefer 11-14 11-10 to save sterling.

UNITED KINGDOM Sterling, however, would not Velmos Enterprise 10-21 Maachestar Regiment Manchester 10-24 10-20 be saved if Britain were merely to draw down and spend her reserves of stand-by dollars Stelt Avenir Parcel Tanker 10-24 10-30 Prins Frederik Willem while a run developed against sterling. The first weapon in a successful fight to save a currency is cash, and the second is confidence. Our govern Fiell Oranie 10-20 10-20 Norhalt Bristol City 10-20 10-31 Manchester City Manchester 11- 2 11- Silraelana Enterprise 11- 4 11- 7 Roonagh Head Head 11- 11- 4 Grinaefiell Fiell Oronic 11- 7 11- 0 Prins Frederik Hendrik Fiell Oranie 11- 11- Bernd Ltonhardt Enterprise 11- 0 11-10 Carrigan Head Head 11-10 11-12 Ravenfiell (Fiell Oranie 11-12 11-13 Christiana Fiell Oranie 11-13 11-14 Manchester Progress mental level, and between London and New York financially. The climax of the British political campaign inspired a certain amount of speculation that the Johnson administration feared a Wilson victory, and hoped for continuity of its arrangements with the Home government. This speculation reflected the popular conjecture that Labor governments always bring devaluation crisis with them, and that another Labor government now would do so again, just after we had finished winning last winter's sulting and investment banking.

The Health Insurance Associ-tion--of America's individual insurance forum opens today in the Drake hotel. Speakers at the three-day meeting include Herbert E. Johnson, economist of the Continental Illinois National Bank and Trust Company of Chicago, and Spencer R. ment has put up the cash, and the British electorate has given Harold Wilson the incentive to win the confidence. Efficiency, not socialism, is the order of 1 ill --4 r-' ST LjU UC Of it Oil l-'l iff -t V.

i0 uirjpg, aW I I a I jf r. i-: LXjlleasijLlllJflio the day in Britain, and this is Keare, president of Federal Life Insurance company, good for any modernized democratic capitalism. Notes William G. Blowers has be SHOPLIFTERS NOW STEALING AWAY come associated with Chicago Grab Bull by Horns on Manchester 11-14 11-20 Prins Caismir Fiell 1104 11-17 MEDITERRANEAN Ellen Klaotschke Fobrel 10-27 Prins Maarits (Niagara A Concordia 10-24 10-27 Sirefiell Niagara A Concordia 10-20 10-22 tOrient Mariner Orient Mid-East 10-31 11- 4 Marko Marulic Yggasla Gt. Lakes 11- 3 11- Capo Mela Montship-Capo 11- 11- 7 Exiria Amer.

Ex-lsbrandtsen 11- 9 11-10 Notos Fabre 11- 0 11-11 Montcalm (Montship-Capo 11-12 11-14 Yehuda Zim Israel 11-12 11-14 Bengali Niagara Concordia 11-13 11-14 Notko Nodilo Yggasla Gt. Lakes 11-15 11-14 Vares Yagosla Gt. 11-15 11-14 tola Germ Orient Mid-East 11-15 11-10 JAPAN MONO KONO gKgnikowa Mora IK 11- 3 11- 4 tArita Mara Nippon Vase Kaisha 11- 0 11-11 Mikagesan Mare Mitsall 11-14 11-1 Bolivia Mara Line 10-31 11- 3 RED SEA, PERSIAN GULP A INDIA Jalagomatt Scindio 10-2 Hastings Waterman 10-27 10-20 National Life Insurance company as vice president and director of agencies, Allen V. FROM LOOP STORES Dowling, president, announced. Beef Woes Professional shoplifters have John W.

Jones, general agent of John Hancock Mutual Life Insurance company, was shifted their main efforts in recent years from Loop stores to outlying shopping centers where BY ARNOLD ERICKSON There are more "bright" spots in the future cattle market picture this elected treasurer of the John Hancock General Agents association. FJiel Loeb com store staffs are less alert to pany was awarded a certificate of excellence in the 12th annual Jaladharma Scindio 11- 11-10 Insurance Advertising confer Bawean Nedlloyd 11-14 IMS SCANDINAVIAN ence recent competion. fall than existed at this time in either 1963 or 1962, according to Robert C. secretary of the Moakefiell Fiell A Fiord 11-S Fredrik Rogna (Swedish Chgo. 11- 5 11- 7 Lmgenfjord Fiell A Fiord 11-13 I.M.A.

OPPOSES Caroline Smith Swedish Chee.J 11-13 IMS 2 STATE BLUE Chicago Live their ways, Lester W. Rank, director of security of Carson Pirie Scott revealed. The new expressways and toll roads make it easy for them to reach outlying centers in an hour or two, so that one day they'll be operating in Rockford and the next day in Milwaukee, Rank said. He addressed a Chicago Association of Commerce management training conference in the La Salle hotel. To meet the problem, more and more suburban stores are adopting store employe security training programs, said Rank.

BALLOT ISSUES Stock SAVE 20 to 30 til TOUR COMPANY PRINTINS Oi the change, The Illinois Manufacturers' 1 lie unique new ryn Mawr Executive Mall claims that association has voiced opposi tion to two amendments to the Illinois constitution to be submitted to voters Nov. 3. A Complete Service from Sketch to Finish CATALOGS BROCHURES LABELS BUSINESS FORMS Personalized Service Letterpress Offset The blue ballot issues would provide for annual sessions of the General Assembly and for continuity of governmental op Some have instituted a "chain where you turn on the lights to turn on the heat erations in periods of emer SALTZMAN PRINTERS inc. BR.ntwick $-1100 gency. The I.

M. A. board con warning" system, in which any merchant who has been victimized notifies the others. Amateur shoplifters still ac I tends that annual sessions are unnecessary and said their cost would mean added taxes for II- 4710 W. NORTH AYE.

count for most of the estimated linoisans. The board said the second amendment is so poorly drafted that it would permit the legisla 250-million-dollar theft loss incurred by retailers annually thruout the country, said Rank. This is simply because there are more amateurs engaged in shoplifting, he said. ture to suspend all constitutional rights. Jewel Tea Sales Up 4 Pet.

in 36 Weeks Jewel Tea company reported most important development in 1964 is the obvious fact that American cattlemen have grabbed the bull by the horns and are well on the way toward solving their own surplus beef problems. "Cattle herd expansion resulting partly from long term feeding operations which helped to swell cattle numbers for six years in a row is slowing down," he said. "Many millions of cattle are now being slaughtered at younger age with less weight and fat This action will be the primary solution to their low-price dilemma, many herd owners predict." Butchering Increases Data furnished by the department of agriculture on slaughter and animal population Indicate that volume being butchered now is greater in relation to numbers of animals on farms and ranges than it has been in any of the last six years, Kuhn pointed out. During the first eight months of this year all cattle and calves slaughtered totaled 24,363,400 or 9.6 per cent from last year. Population of all cattle and calves on Jan.

1 at including dairy animals, showed a gain of 2,752,000 head or 2.6 per cent from a year tarlier. Butchering in the first eight months of 1964 was equivalent to 22.8 per cent of the total numbers of all cattle and calves counted at the start of the year. This was the largest percentage watchman service Uniformed watchmen for Dlanta. Vare- houeee, tnstitutiona. and office build- mra- jrmij eupervioed and aaeieied Kane ofllcere in radio can.

Aak for booklet. yesterday that sales in the 36 weeks ended Oct 10 rose 4.3 per cent to $523,047,556 from $501,720,759 a year earlier. Sales in the four weeks ended Oct 10 increased 4.6 per cent to $59,260,331 from $56,632,297 a year ago. MOhawk The Kan Service 4-481 510 N. Dearborn St.

60in Consecutive Dividend for any similar period since 1938 and compared with 21.4 in 1963. Cattle Weigh Less Cattle being slaughtered this month by packers under federal inspection are averaging less than 1,010 pounds, the department of agriculture reported. This is more than 20 pounds below last October. Only one October since 1957 had a lighter weight. "In the period 1951 to 1954 when the annual average price of steers tumbled from $35.43 to $24.35, the annual average weight of cattle dropped 34 pounds," said Kuhn.

"It appears cattle men are following the same course now. The monthly steer average declined from $30 in November, 1962 to $20.35 in May, 1964 before a summer price rally began." Flipping a light switch to turn on the heat might sound unlikely, but it isn't. That's because the new Bryn Maw Executive Mall is one of Chicago's first Heat-with-Light buildings. A specially designed lighting system actually supplies most of the heat when it's wanted to give warmth to the building. And, at the same time, reduces fatigue and increases working efficiency with more than twice the glare-free, illumination usually found in most modern office buildings.

Individual thermostats dial the exact degree of temperature desired in each office, general and private. What's more, designed by renowned architects Del Bianco and Associates and located in Chicago across from Bryn Mawr Country Club, the Bryn Mawr Executive Mall combines the advantages of a convenient "in-town" office facility with the charm of an illuminated parklike suburban setting. You'll appreciate the economies of its location in Chicago at the city limits plus on-site valet parking at no extra cost double glazed, tinted frost-free windows high-speed elevator service availability of spacious dead-record storage choice of office layout and decorating, to name only a few. Call or write for details now A scant 15 minutes to the Loop, 18 minutes to O'Hare Airport and 5 to 25 minutes to North Shore and northwest suburbs, Bryn Mawr Executive Mall provides a perfect choice for companies seeking prime executive office space close to transportation, shopping centers, fine restaurants and motels. Write: Albert E.

Danielson, Executive Management Director, Bryn Mawr Executive Mall, 4000 Devon Block or phone SPring 7-4650 or consult your broker. To drive to site, take Kennedy Expressway to Edens Expressway, turn east on Peterson Ave. to Pulaski, then north to Devon Avenue. Occupancy, spring 1965. Commonwealth Edison Public Service Company C.

E. Co. Tho Board of Directors of In. diana Gonoral Corporation, at a meeting held October 21, 1964, dacUrod a quarterly dividend of 20 cents per share, payable on December 19, 1 944, to stockholders of record as of November 23, 1964. A.

J. Astroloqes fice frtiidtnt October 21, H44 IliDIAIlA GENERAL. AUCTION Cairo Hotel CAIRO. ILLINOIS Oct. 29, 1964 10:00 A.M.

Loeotea! la tfc cemter lw CHICAGO tUINOIS Specialists in applied magnetics tews Caireu III. Uto stories Atrprondmotclr ISO rvMagng Gao flrool ataaa Beat Tip pt gown far eUTatora Hotel mmt af tra Unitid Statis Links Company HIGH INCOME OPPORTUNITY Tor Lot Developers. Small Builders, InUm, or Tnveatora ta th followlna areas: PaineavtUe. Ohio; fclyrta. Ohio; BiroofvlUa.

Ohio; Davos. Pannavlvanla; Kerristovre. Penuvlvaiua XUia. IUioolo; Anton. Ulinou; Cuajria Vaile, Ohio; im.

Mow Tort Nationally fsmout homo fctnufietnrinf ema parry expanding narket. Nino ft) ariilina rranehiM operaiiona nuw available. Fin aarninfs exreeded 125,000 7w from aarfe operation. Building esparirore and aceeta to available lota ateMtty. Wo will baodle eomtructiua financing.

Fernanent financing minora to our oaauaMra generally available. Complete catalog, office forma, edrertiitng material, owl manufacturing faciliUoa available to naponaible partiea be are ojualifled take ever these operation. Nominal depot! or equity reqatreot Operation available lmmedlatalr In the above locatiooa far outright aaie or 10000." Born amel TtvcaAt at present. For Itupertioa Oils property aw tact Harry Bole, Calrt, EL, Pbof 4SA. Writ MenonlaH AactiM On.

for iret iescrtptlrt bracaarc iau conirera or MtadtRhcll Aneilei Co. Stock DIVIDEND The Board of Blrnctora baa the tinjannet of ovadoeMt of Arty eosran (t.5Q) par ehara payable December 4. 1964, So boldnre of Cnmmooi Stock eat oDMiraf 13, lye. B40I7: Howard: 8eo.ee. Aaortlala Director ALCEE HOMES, IMC.

t31 inmmtt MIm Ohio 44418 or enlli 2 18 THOMAS X. CA1CBEU, i.ai Mew Horfc, N. T..