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I SECTION 2 - PAGE 5 - PLAINDEALER - WEDNESDAY, NOVEMBER 12.1975 A. G. Edwards & Sons, Inc. Weekly Market Review About the only good thing we can say about market action this past week is that selling pressure was somewhat selective. However, the mixed to lower tone of the market did not cover up an increasing number of stocks which are starting to behave poorly. Despite deteriorating market action, we do not see evidence that stocks are close to a major break. Rather, we continue to look for a mixed tone with a downside bias and with New York City continuing to dominate sentiments. Unless stocks act poorer than we anticipate, we look to be a buyer, on further weakness, of selected secondary growth companies which have been acting well during this correction. The dominate news of the week was President Ford's very unequivocal statement that he would veto any bill calling for a federal bailout of New York City. We were surprised that a politician like Mr. Ford would paint himself into a corner unless he felt that the voters were clearly with him on the subject. However, the Sunday New York Times reported that a nation-wide poll taken several days before his speech last Wednesday found the nation closely split on aid to the city. This apparent lack of a real consensus combined with the shakeup in the administration and Rockefeller's defection could further undermine confidence in our Washington leadership. The world of stocks and bonds is being buffeted by many other crosscurrents. Cyclicals such as the steels are being hurt by renewed fears of price cutting which, of course, also holds positive inflationary implications. Many economists question the staying power of our incipient business recovery but all must wonder at the potential impact of a New York City default. The world is never without problems which always seem more* serious than their predecessors but this we must accept as part of a normal stock market environment. Our reason for continued caution and a recommendation to maintain cash reserves is disappointing market action and an increasing number of stocks which appear to be rolling over. from HISTORY'S SCRAPBOOK 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 November 14, 1832-The first streetcar in the world makes its appearance on the streets of New York. . e & , .-,0^ )R. LEONARD BOTTARI 3 0 3 N . R i c h m o n d R d . M c H e n r y 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 B 5 4 1 5 1 o r 3 8 5 2 2 6 2 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 HOUGHTON HEATING • Air Conditioning • Gutters PHONE 385-5476 McHENRY 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 8. 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 ALT OPS Farm Equipment George P. Freund.Ine. Case - New Holland 4102 W. Crystal Lake Rd. McHENRY Bus. 3854420 Res. 385-0227 Halm's WONDER LAKE FUNERAL HOME 815-728-0233 3932 W. Rt. 120. McHenry "GATEWAY TO YOUR FUTURE" CALL US (815) 385 4810 I R E L L I RADIAL TIRES FOR ALL CARS uropa Motors Inc 2318 Rte. 120 8 15-385-0700 ED'S A STANDARD STANDARD SERVICE EXPERT TUNE-UP ATLAS fires Batteries. Accessories QUALITY American Oil Products PH. 385 0720 3817 W. ELM STItKKT * RADIATORS • Cooling System Specialists • AIR CONDITIONING * Tfailer Hitches Fabrication it STEEL SALES • Welding & Ornamental Iron 3IKIfi W. Hie. 120 McHenry a WOMI OUARiMTIIO A A/IS BROS. (\ovt to (>em C leaners) Copyttl U at our new q Important Correspondence Accounting Records Invoices & Statements Project/Product Specifications quick-action copy cantor. Inventory Sheets Order & Bid Forms Catalog Sheets & Bulletins Promotional Letters & Flyers Trv This Convenient New Service Soon! McHENRY PRINTING SERVICES 3909 W. MAIN 385-7600 aaiy-to-use XEROX1 •quipmentl THRT'S THE LGST OWE J GUM Off If ) ~T7^T • S "HIT. 1 EDITORIALS m Z H E N R Y C)7H MM RexflMD CAUTION SHOUU) BE OUR WATCHWORD Letter from Washington by Senator Charles H. Percy The national debate over gun control has been revived following two alleged at­ tempts on President Ford's life by persons using hand­ guns. Gun control is a highly- charged issue. It raises strong objections from citizens who fear that their Constitutional right to bear arms will be destroyed by any attempt to limit gun possession. At the same time, the issue prompts vigorous appeals from citizens who believe that gun posses­ sion is a" root cause of our nation's spiraling crime rate. We must defuse the emo­ tion that surrounds the gun control issue. We must care­ fully assess the facts that show what kinds of guns are used for crime and killing and what kinds are used for legiti­ mate sports activities and col­ lecting. If we approach the issue rationally, there is some hope that we can reduce the gigantic arsenal of easy-to- obtain handguns in America that are used mainly for one purpos<fc--the murder of hu­ man b#ngs. Any controls passed by Congress should be those minimally necessary to reduce crime. Small, low - quality handguns, commonly known as Saturday Night Specials, should be banned nationwide. Statistics show that hand­ guns are used in 53 percent, of all murders in Americ; and in 80 percent of all fire­ arm murders. Handgun homi­ cides tripled from 1966 through 1973; Saturday Night Specials are the most widely used fire­ arms in these crimes. Easy access to such guns by crim­ inals, particularly juveniles, is a major factor in the high crime rate in America. November, 1975 The Wind From The North Is Strong and Proud, And pounds on my door In a fashion loud-- -Anne Lawler. November was formerly the ninth month in the old Roman calendar and when Pope Gregory revised the calendar it became the eleventh, though its name de­ rives from the Latin word for nine. In the first half of November two Presidents were born. James K. Polk, 11th President, was born on the 2nd in 1795, in Mecklenburg County, N.C., but grew up in Tennessee, which he represented in Congress and as Governor. He was the first "dark horse" ever to be nominated in a Democratic Party convention, at Balti­ more in 1844-while Martin Van Buren was denied the nomination by adoption of the two-thirds nominating rule (which was used until 1936 when supporters of Franklin Roosevelt discarded it.) Warren G. Harding, 29th President, was also born on the 2nd, at a farm in Morrow County, Ohio, in 1865--the year the Civil War had ended. Harding was a dark horse selection at the 1920 Republican convention, after hav­ ing served in the Senate and as Governor of Ohio. U.S. troops landed in North Africa in World War II on November 7th, 1942. Congress met for the first time in Washington, D.C., on the 17th of November in 1800. s * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * I * * * * l » * t % Are You New In McHenry Area ? ************ Do You Know Someone new? WE WOULD LIKE TO EXTEND A ROYAL WELCOME TO EVERY NEWCOMER TO O U R A R E A ! ! ! ! ! CALL I0AN STULL 385-5418 c f w ROYAL WELCOME % % r<fc * J KNOW YOUR AREA-ROYAL WELCOME DOES IT BEST % Specifically, possession of all handguns should be banned in areas of high crime such as Chicago, where firearm homicides and firearm as­ saults are most prevalent. Handgun controls--namely a temporary ban on possession of handguns--should be limited to areas where the incidence of violent crime is especially high. Attorney General Ed­ ward Levi has strongly sup­ ported this concept as the most feasible and practical. Handguns should be sold only to persons residing in the state or metropolitan area of purchase to prevent interstate traffic in handguns. Sale of handguns to convicted felons should be prohibited. In recent testimony before the Government Operations Committee, five police chiefs from major cities said hand­ guns are a major cause--not just a tool--of violent crimes. They testified that 75 percent of all handgun murders are committed as a result of an argument or dispute between spouses, friends or acquaint­ ances, In addition, they said handguns are a major cause of other crimes such as rob­ bery, especially by .juveniles. Witnesses also challenged the assertion that citizens must have handguns to pro­ tect themselves from crimi- , nals in their homes or places of business. One police chief said that for every robber stopped by a homeowner or a storeowner with a gun, gun ownership resulted in four homeowners or members of their families dying in a gun accident. Milton Eisenhower, former Chairman of the President's Commission on the Causes and Prevention of Violence, said that less than 3 percent of killings by robbers occur in private homes. Only two- tenths of one percent of home robberies result in firearm injuries to intruders, he said, but guns kept in homes for. protective purposes are re­ sponsible for from 50 to 80 percent of homicides between family members, friends or acquaintances. Finally, Secret Service of­ ficials testified that the easy availability of handguns is the greatest barrier to the pro­ tection of the President and Presidential candidates. If we can eliminate the pro­ liferation of cheap handguns in areas of high crime, and if we can keep handnguns out of the hands of known crim­ inals, then I believe we can help make our nation safer for the millions of law-abiding This swan became another indiscriminate victim of a steel jaw trap. The Ohio Legislature's recent decision to kill legislation aimed at stopping this cruelty assured still more suffering for thousands of that state's animals. Illinois, too, has no ban on steel jaw traps. Victim Of Man The combined voice of over 400 Buckeye humanitarians to support legislation that would have banned the leghold trap in Ohio was virtually ignored by the Ohio Legislature's Agriculture and Natural Resources committee. It voted 14-1 to kill a House bill last Spring. The committee dumped the legislation after listening to people representing over 600 trappers who jammed the hearing room and corridors to oppose the measure. At least four of the fifteen- member committee were avowed trappers and were reported hostile to the proponents. The Ohio Committee for Humane Trapping (OCHT) is now seeking a referendum on the trapping issue for the November, 1976, ballot. If voters elect to ban the trap, the legislature will be forced to pass a law reflecting their wishes. We sincerely support a recent statement of the Humane Society of the United States: "It will be quite some time before humanitarians get through the emotional froth of the trapping issue to a point where the facts of the leghold trap are dealt with rationally. All we can do is continue to keep the issue before the public, striving to inform as many people as possible about trapping cruelties. It will probably take as long or longer to win this battle as it did to win the battle for humane slaughter. So let's get on with it, and resolve to do the job more effectively and for the long run. We return to a statement made in past issues, that legislators have very good hearing when the voice is a voting constituent. This sense is not so keen when the voice happens to be a creature without power at the polls. For this reason, others must be their spokesmen. Catastrophe Ahead? Senator Barry Goldwater (R-Ariz) says he gives the United States only five years or less before economic catastrophe if federal spending is not brought under control. Goldwater says deficits of fifty or sixty billion dollars, which are being tolerated in this and the next fiscal year, cannot continue; his major hope is that Congress' new Budget committees will succeed in doing what the Appropriations committees have not suceeded in doing in recent years--living within the nation's means. He is sharply critical of the system of automatic pay raises for the millions of government employees, regardless of whether the Treasury has the money for pay hikes or not. He believes Presidents have too little control over spending because past Congresses have enacted in advance automatic raises, spending and costs over which chief executives have no control. Goldwater's warning is timely and on target. If this 94th Congress, now in its first session, allows the government to go into the red fifty or sixty billions both this year and next, while raising salaries including their own, thoughtful voters with good memories, should go to the polls in November, 1976. SENIOR CITIZEN'S CORNER- HELPFUL IDEAS FOR SUCCESSFUL RETIREMENT Outpatient Services Medicare's medical insurance can help pay for medically necessary outpatient physical therapy or speech pathology services. There are three dif­ ferent ways you can receive these services under medical in­ surance. You may receive physical therapy or speech pathology services as part of your treatment in a doctor's office In this case, the doctor must include citizens who now live in fear of assault and death. K0ENEMANN Country Made Sausages, Hams and Bacon GERMAN IMPORTS AND CHEESES A Full Line Of Delicatessen 815-385-6260 Just east of RL VOLO J, the charge for the services in his bill Medical insurance will pay 80 percent of the reasonable charges after the $60 yearly deductible has been met. You may receive services directly from an independently practicing. Medicare-certified physical therapist in his office or in your home if such treatment is prescribed by a doctor Your medical insurance will pay 80 percent of the reasonable charges after the $60 yearly deductible, but can pay no more than $80 in total benefits in any one year You may receive physical therapy or speech pathology services as an outpatient of a participating hospital or skilled nursing facility, or from a home health agency, clinic, reha- PUBLIC PULSE (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 any material which we con­ sider libelous or in objec- tional taste.) NEWSPAPER TALK "Dear Public Pulse, "We were very fortunate this past week to have your Plaindealer editor, Miss Adele Froehlich, come to our sixth grade classes and talk to us about the operation of a newspaper. It helped us un­ derstand the effort and work that publishing a newspaper requires. "Thank you very much. It is nice to know that you will take time to help us learn about our community. "Sincerely, "Sixth Grade Classes and Teachers "Parkland School" Final Period For Studded Tires Nov. 15 to Apr. I Michael J. Howlett, Secretary of State, reminded motorists that the final period for use of studded tires in Illinois will be from Nov. 15 to April 1. "Recent legislation passed by the General Assembly and signed by the Governor bans studded tires effective April 1, 1976," said Howlett. This prohibition will not apply to vehicle;: operated by rural letter carriers, either employed or under contract with the U.S. Postal Service, for delivery of mail. Howlett said the prohibition does not apply to the use of tire chains. KIWANIS NEWS WONDER LAKE KIWANIS The Kiwanis club met Nov. 3 and were told of the progress being made by the Woodstock high school band which is in the process of collecting money to make a trip to Disney World to compete in a band contest there. Gordie Gran reported the band is near its goal and has high hopes of exceeding iti Anything over the amount used for expenses will be spent on the band members. A joint installation of officers was held at the Woodstock club recently. A group of young people from the band appeared at that meeting and gave their presentation. The Wonder Lake club had previously voted to donate $100 to their cause. Members were reminded of the Governor's inspiration night Friday, Nov. 14, at Floyd's restaurant, Dundee Township, Dundee, at 6:30 p.m. #Art Lau told the membership of a new group being formed which will aim to get food for the hungry. He will report further progress on the matter so those interested can join that project. bilitation agency, or public health agency approved by Medicare --if these services are furnished under a plan your doctor sets up and periodically reviews. In this case, the organization providing services always submits the claim and may only charge you for any part of the $60 deductible you have not met. 20 percent of the remaining reasonable charges, and for any non-covered services Editor's Quote Book The earnestness of your desire will indicate the distance you are likely to travel. Clark C. §tockford For Your Information Dear friends, Dr. John Brantner, psychologist says, "We should confront not only the eventuality of our own death, but also our own disability - pre­ pare for the disaster when with our impaired eyesight, we cannot read - to anticipate our own paraplegia, our own strokes. We can make this blow less shocking if we have given it some thought beforehand. Respectfully, ^..--U A PETER MJISTEN & SON FUNERAL HOWE McHenry, Illinois 385-0063 V t i