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PAGE 16 - PLAINDEALER-FRIDAY, OCTOBER 10, 1975 A. G. Edwards & Sons, Inc. Weekly Market Review The action of the overall market recently has been .just a bit more difficult to read than hieroglyphics. We stated last week that the recent spate of favorable inflation and economic news had given stocks a great opportunity to rally short term. After all, it was just a few weeks ago that double digit inflation was widely anticipated. New York City was to default imminently, and interest rates had only one way to go and that way was not down. Well, something happened on the way to these secure, rather unanimous opinions: The CPI for August rose at a most comforting and surprising rate. New York City is still breathing although on a respirator and two large treasury note offerings went over well and at a lower rate on the second sale. All these pleasant surprises have been joined by growing evidence that our nation's economy is picking up steam and that the recovery is starting to broaden. With stocks having done a good job in July and August of correcting our 300 point, first half orgy, one could make a strong case for an up market. Well, so far at least, it hasn't worked out that way. Rather, market leadership during rally attempts deteriorated terribly and volume was most disappointing. In fact, rallies seem to be lacking in just about every way except that some lesser known situations did come on. However, more and more important stocks have been rolling over--the aluminums, chemicals and most cyclicals - or at least playing dead. This is not the type of market action which encourages buyers or frightens sellers. The fundamental seesaw remains unchanged. On one side we have the broadening business recovery and on the other we have the gloomy outlook for short and intermediate term interest rates down the road a bit. In our opinion, the market is at a critical stage here in making up its mind which side of the seesaw will be given more weight by investors. Not only has the 790-810 area been an important range for bottom pickers but we also doubt that the market can stay this dull and trendies much longer - the D.J. Industrials at the moment is 6 points below the level two weeks ago. At best short term, we doubt that a sustainable stock market rally is possible without a rally in the bond market. If selling pressure picks up despite the current background news, we look for a nasty selloff and new lows before buyers try it again. HOUGHTON HEATING • Air Conditioning • Gutters PHONE 385-5476 McHENRY EARL R. WALSH & JACK WALSH INS. F i r e , A u t o , F a r m , L i f e R e p r e s e n t i n g RELIABLE COMPANIES 4 4 1 0 W R t e 1 2 0 , M c H e n r y 3 8 5 3 3 0 0 DENNIS CONWAY A U T O L I F E F I R E State Farm Ins. Co. 3 3 1 9 W E l m S t M c H e n r y , I I I 3 8 5 7 1 1 1 DR. LEONARD B0TTARI 1 3 0 3 N . R i c h m o n d R d . , M c H e n r y E y e s e x a m i n e d C o n t a c t L e n s e s G l a s s e s f i t t e d M o n , T u e s , T h u r s , F r i . 4 6 p m . T u e s , T h u r s , F r i 7 9 p . m . S a t . , 9 : 3 0 t o 3 : 0 0 P h 3 8 5 4 1 5 1 o r 3 8 5 2 2 6 2 McHENRY LETTER SERVICE P a g i n g S e r v i c e N o w A v a i l a t M i m e o g r a p h i n g T y p i n g A d d r e s s i n g M a i l i n g L i s t s 3 5 0 9 W P e a r l S t M c H e n r y P h 3 8 5 0 2 5 8 . 3 8 5 8 0 2 0 M o n d a y t h r u S a t u r d a y McHENRY COUNTY OFFICE MACHINES S A L E S S E R V I C E & R E N T A L S M o n S a t 9 5 : 3 0 F r i d a y t i l 9 : 0 0 9 3 G r a n t S t . , C r y s t a l L a k e P h 4 5 9 1 2 2 6 R= 3932 W. Rt. 120, McHeriry "GATEWAY TO YOUR FUTURE" CALL US (815) 385-4810 Farm Equipment George P. Freund.lne. Case - New Holland 4102 VV. Crystal Lake Rd. McHENRY Bus. 3850420 Res. 385-0227 Halm's WONDER LAKE FUNERAL HOME 815-728-0233 l lRELLI RADIAL TIRES FOR ALL CARS Europa Motors Inc 2318 Rte. 120 8 1 5 - 3 8 5 - 0 7 0 0 ED 'S STANDARD STANDARD SERVICE EXPERT TUNE-UP ATLAS Tires Batteries. Accessories QUALITY American Oil Products PH. 385 0720 3817 W. ELM STREET • RADIATORS • Cooling System Specialists • AIR CONDITIONING • Trailer Hitches Fabrication • STEEL SALES • Welding & Ornamental Iron OUMMTIIO »o«w. adams BROS. Rte . 120 McHenry ( \ ev t t o Gem C l e ane r s ) 385-0783 Ctmyttl M fkW at our new q quick-action copy can tar. Inventory Sheets Order & Bid Forms Catalog Sheets & Bulletins Promotional Letters 4 Flyers Important Correspondence Accounting Records Invoices & Statements Project/Product Specifications - Trv This Convenient New Service Soon! McHENRY PRINTING SERVICES 3909 W. MAIN 385-7600 aa%y-lo-ute XEROX* •quipment! EDITORIALS The Role Of Newspapers "Newspapers shouldn't be allowed to print things like that." We're sure you have heard statements similar to that in recent years. Perhaps you have said it yourself. What things? Maybe an editorial that supports a philosophy that differs from yours. Perhaps a news story that makes you uncomfortable. Or a statement that you feel is misleading or even untrue. The fact is, however, that newspapers must be allowed to print anything they wish to, subject to libel and slander laws. This is what the first amendment to the Constitution is all about. The First Amendment guarantees that the United States shall have a free press. It does not guarantee a fair press, or a ' responsible press. . . only a free press. For nearly two hundred years the First amendment has protected big newspapers and small newspapers. . .good newspapers ana bad ones . . . responsible journalists and irresponsible hacks. During this period of time, the American press has had . . . and does have . . . and overwhelming majority of competent and responsible members. To be sure, the dissidents, and rabble rousers, the kooks have been around and have had the opportunity to be heard. But the voices of reason, of responsibility and good judgment have prevailed... and will continue to prevail so long as the press is free. • * They have prevailed because the citizens have been informed, because vital issues have had full public examination and discussion. Perhaps Benjamin Franklin expressed it best with these words: " 'Tis my belief . . . that when men differ in opinion, both sides ought equally to have the advantage of being heard in public. When the truth and error have fair play -- truth is always an overmatch." During this Bicentennial year, it will be well for all of us to remember that the free discussion of public business is the prerequisite of liberty. We must keep in mind that any limitation placed on the right of free expression of any person or group... no matter how repugnant their cause may be... is an infringement on the rights of all of us. Freedom of speech and of the press have made us a free people. May we, as a nation, have the wisdom to recognize and perpetuate that truth. Spirit Of Freedom From Thomas Paine's rousing pamphlets which fired up the revolutionary spirit to the country newspaper which today is "keeping the record straight", the American press has been both the promoter and the protector of individual freedom in our nation. Over 200 years ago, the very ideas of individual liberties were first brought forth in the press. These ideas were circulated through the press and brought to realization through the advocacy of the press. Our nation was barely formed when the press fought the restriction on liberty in the Alien and Sedition Act. Our country was approaching its 200th birthday when the press fought the subversion of our constitution which was called Watergate. All through the history of this nation the growth of freedom and the increase of human liberties has followed a pattern. Leaders and visionaries see a great need. They write and talk about it. Their ideas get circulated because there is a free press and free speech. Their ideas convince more and more people until they become reality. Every advance in human betterment in our nation has followed this pattern. Of course, through the years much of the press was complacent and protective of ruling interests. It preferred not to rock the boat. But where individual freedom and liberty were fought for and protected, some unit of the press was there sustaining and inspiring that movement. As we can see by looking at other countries, these same ideas of ' individual freedom and betterment are stifled or snuffed out under less ideal conditions. It is the free exchange of ideas and criticisms in the United States which has made freedom grow -- and it is the free press which has promoted and spread each idea of freedom and growth. Truly the free press has been, and is, the Spirit of Freedom. Family Entertainment? A recent press announcement revealed that a famous daredevil would be the star at a family entertainment center--where 70,000 people are expected to gather for the event. The famous stuntman will try to jump over fourteen buses on a motorcycle, and the announcement says if he succeeds it will be the first time this has been accomplished. It doesn't say what it will be if he fails--possibly a dead man sprawled in front of these families. Television, of course, will be there for the thrill, and possible injury or death. (The last time the stunt was tried with thirteen buses serious injuries were sustained by the stuntman.) No doubt the death-risk stunt will be a financial success and draw a huge crowd. But whether this is family entertainment is a good question. What parents want their children to witness a man killing or injuring himself before a large crowd for fame and money? Values are mixed up here and, even if some are willing to sell their lives for money and fame, it's a bad example and a bad spectacle for the young. from HISTORY'S SCRAPB00K D A T E S A N D E V E N T S F R O M Y E S T E R Y E A R S October 10, 1913-In Washington, President Woodrow Wilson presses a button which blows up the last remaining obstruction in the Panama Canal. October 11,1811-First steam-propelled ferry in the world starts its run between New York City and Hoboken, New Jersey. October 12,1870-General Robert E. Lee, Confederate hero, dies in Lexington, Virginia. October 13, 1775-Continental Congress orders the construction of a naval fleet, thus originating the U.S. Navy. •••••••••••••••••**************£ * * * * * } * * * * * * * * I * * * * * * * t * * * * * * * * * * * * * t Are You New In McHenry Area ? ************ Do You Know Someone new? WE WOULD LIKE TO EXTEND A ROYAL WELCOME TO EVERY NEWCOMER TO OUR AREA ! ! ! ! ! CALL JOAN STULL 385-5418 £ & % % % ROYAL WELCOME L cff Mom lllinoisans Reveal Optimism In Percy Poll lllinoisans have a rather grimly realistic view of the nation's current problems, yet most of them are optimistic about the future, according to a poll released by Senator Charles H. Percy (R-Ill.) The 10-question poll was included in Percy's semi­ annual report to his constituents. Fifty-one per cent of those responding expressed doubt that either un­ employment or the general economic picture in their community will have improved by the end of this year. But almost two-thirds (66 percent) said that despite recent difficult times, they have "good reason to feel optimistic" about the nation's future. In releasing the results Percy said they show that "lllinoisans are willing to face up to the hard realities of our economic and energy problems." He noted that 63 percent of those responding felt that, in order to reduce fuel consumption, it would be better to pay more for automobile gasoline than to spread the increased price of petroleum products across the board. If the choice must be made between gasoline rationing and paying more - even a dollar a gallon - for gas, 59 percent would opt for higher prices instead of rationing. The constituents were almost evenly split on some issues: Just under half (48 percent) agreed that federal revenue sharing has helped to hold down or reduce their local taxes and an even 50 percent favored stronger controls on the sale of hand guns. PERCY POLL RESULTS 1. The overall economic picture, including the unemployment rate, will be better in my community by the end of the year. 2. The Federal revenue sharing program has helped to hold down or reduce local taxes in my community. 3. In order to cut fuel consumption, it is better to pay more for automobile gasoline than to increase the price of all petroleum-related products such as heating fuel and electricity. 4. Rather than rationing, we should be allowed to buy all the automobile gasoline we want, even if the price rises to a dollar a gallon or more. 5. Because of the spiraling crime rate, we should require stronger controls on the sale of hand guns. 6. The American people are entitled to full disclosure of alleged misconduct by the Central Intelligence Agency, including charges that the CLA plotted to assassinate foreign leaders. 7. The United States should honor its commitment to defend South Korea against outside aggression. 8. As the largest food-producing nation, the United States should provide more food assistance to the people of poor nations. 9. The United States should establish normal relations with the governments of North and South Vietnam, just as we have established relatively normal relations with the Soviet Union and the nations of Eastern Europe. 10. We have been through difficult times in the last decade, but we have good reason to feel optimistic about the future of America as we prepare for our n a t i o n ' s B i c e n t e n n i a l celebration. Agree 49 percent 48 percent 63 percent 59 percent 50 percent Disagree 51 percent 52 percent 37 percent 41 percent 50 percept 58 percent 57 percent 41 percent 42 percent 43 percent 59 percent 65 percent 35 percent 66 percent 34 percent Farmers May Buy Ag Chemicals Free Of Sales Tax Farmers can buy agricultural" chemicals in Illinois without paying sales taxes on them, according to State Revenue Director Robert H. Allphin. The director said a new law, sponsored by Rep. Rolland Tipsword of Taylorville and signed by Gov. Dan Walker, exempts from state and local sales taxes chemicals that are used in the production of farm animals and crops. Among the exempted chemicals are water purifying products, insecticides, weed killers, stock sprays, disin­ fectants, stock tonics, serums, vaccines, poultry remedies, and similar medical preparations and conditioners. The director said the new law would mean a substantial tax savings for the state's farmers. And he said it would produce additional income for farm suppliers in Illinois. "Some Illinois farmers have bought their farm chemicals in the neighboring states that exempt them from the sales tax," Allphin said. "This is * | * * * * * KNOW YOUR AREA-ROYAL WELCOME DOES IT BEST J jt % K0ENEMANN Country Made Sausages, Hams and Bacon GERMAN IMPORTS AND CHEESES A Full Line Of Delicatessen , Just east of Rt. 12 815 385-6260 V0L0 business Illinois farm suppliers have lost. "There has been the loss of other business when the farmer who went to another state for chemicals bought other farm needs out of state. The new law will help bring this business back to Illinois." Allphin said the new law recognized the importance of the farmer to the economy of Illinois and the nation. He said the removal of the sales tax from farm chemicals, "ends a situation that in some ways may have inhibitied farm production." GOOD WORD f r o m t h e H i b l e The wilderness and the solitary place shall/ be glad " PUBLIC PUL^k (The Plaindealer invites the public to use this column as an expression of their views on subjects of general interest in our community. Our only request is that the writers give - signature, full ad­ dress and phone number. We ask too, that one in­ dividual not write on the same subject more than once each month. We reserve the right to delete anv material which we con­ sider libelous or in objec- tional taste.) HOUSING DEVELOPMENT "Dear Editor", "I want to comment on an issue that was brought before our town council; Ladd, Brittany Builders, and their housing development. "I want growth and prosperity for our town but I also want it to be done in a slow and well planned pattern. "The sewers, the way they were put in and how capable they will be of disposing, of sewage, even in some places where the sewers were put in with the most minimal pitch you could have imagined. "The streets, their condition now and what they will be like with the extra flow of traffic and with the difference of height between the two areas they will connect. Also the added traffic that will increase the danger to our children because there are no real parks in Lakeland Park, per se, ex­ cept the private beaches. Our kids still have to travel to get to them. "I know everyone says things" will work out. It'll be o.k., but when and if they don't, who pays for the mistakes? Of course, the taxpayer. In these cases, all the taxpayers. "I don't want to see a housing development put up without provisions for the education of the new children from this development before tax monies are realized from the property. "Why put the burden on our schools and our children that go to them? Why should our children be crowded together in larger classes or maybe some of their extra activities drop­ ped? It's bad enough "right now because of state aid being decreased to education; and I really get angry when I know Ladd contributes in other areas that their housing develop­ ments are in to the schools, per child, till the tax monies come in from the new houses. "I don't want a housing development put up without provision for a playground area for the children of that com­ munity. How far are children supposed to travel to a playground? Surely, not all the way to the center of town, Whispering Oaks Park or Petersen Park! We certainly don't want children playing at the schools after hours. "With all the flooding that's taken place in McHenry County in recent years, how can the zoning board rationalize allowing a builder to build on a flood plain? Surely the flood plain could be put to better use. Maybe a park? "I think it's time that all of the citizens of our town start to ask who our mayor and aldermen are representing, the people or the businesses that they either own or patronize? "People, you have to start getting involved in our city government, whether you agree or disagree. I think we' need to let our mayor and aldermen know what we want. At least they wouldn't be able to say no one cares so what's the difference. "I care and I'm sure that there are more who feel the same way. Please get out to the town meetings and get in­ volved. ' "Sincerely, "Mrs. Ronald Nystrom" for them; and the desert shall rejoice, and blossom as he rose. It shall blossom abun­ dantly, and rejoice even with joy and singing; glory of Lebanon shall be given unto it, the excellency of Carmel and Sharon, they shall see the glory of the LORD, and the excellency of God. Isaiah 35: 1, 2 For Your Information Dear friends, A leading psychologist suggests, "On parting from another person, remind yourself, not in a morbid, gloomy way; that this may be the last parting from this person. This will usu­ ally avoid a quarrel, or that hasty, undkind word which we later retret. Never consciously part from another, if you can manage i*, with­ out that thought flitting thru your Respectful!'-, PETER MJISTEN & SON FUNERAL HOME vlcHenry, Illinois 385-0063