PAGE TWO $3.00 a Little Smoke Shop. When requestin; give their old as we be placed on mailing list. "held for more than 30 days. Transient rates 75¢. per column inch. ads 10¢ additional. of happiness! be fun. were frozen!” - : ‘Westmoreland team—a champion. orange and black! ! Come to think of it—she is also _ government for-its success! . | a lot smarter! nine years. the vanguard of American troops. “We planned to throw flowers at so happy to see them!” Dallas-Franklin Township Supervising Principal Raymond E. Kuhnert announces the presenta- _ tion of the Spring Operetta to be _ given by Elementary pupils of the Dallas-Franklin Township School in the school auditorium May 6 at 8 o’clock. ; The following committees have been appointed: Director, Alfred M. Camp; Operetta selection, Veronica Mills, Hilda Bredbenner; Chorus se- lection, Alice Yaple, Freda Hughey; Character selection, Mary Mohr, Mary Emmanuel; Program—Theresa Polachek; Publicity—Dorothy Hen- ney; Costumes, Elementary teachers. The baseball squad held its first practice on Monday. Coach Robert Thomas has called for candidates for the 1955 team. . The Dallastownian, Dallas-Frank- lin Township School. yearbook, has arrived and will be distributed on Friday, April 15. Library Offers Many Books On Fishing Miriam Lathrop, Back Mountain Library, has selected books, touch- ing all phases of fishing, from fly- tying to luring the canny trout, well in advance of the first day of the fishing season, April 15. The books include: “Fresh-water Bass,” by Ray Berg- man; “The Practical Angler,” Kit Clarke; “Any Luck?” E. V. Con- nett; ‘“Deep-river Jim’s Outdoor Guide,” C. H. Ernst; “Tales of Fish- es,” Zane Grey; “As the Sailor Loves the Sea,” V. B. Hadman; “Full Creal,” H. M. Hall; “Telling the Trout,” E. R. Hewitt; “Boys’ Book of Hunting and Fishing,” W. H. Miller. “Here’s How in Fishing,” E. G. Morrison; “Boys’ Guide to Fishing,” K. G. Morton; “2,000 Ideas for the Sportsmen,” Outdoor ‘Life; “Pond, Lake and Stream Fishing,” B. c A Sad oi Pies 2 Babson Park, Mass., April 7, 1955 —Although the Fulbright Investiga- tion of the stock market is over— probably to the benefit of all cons cerned—I continue to have ques- tions from readers. Most of these are in regard to the Dow-Jones In- dustrial Average. Do Figures Lie? This is what seems to trouble readers most. First, they note that the Dow-Jones Industrial Average has “gone up” or ‘‘gone down” four points—for instance—and yet not one of the 30 stocks included in this “Average” has varied this amount! They say: “Wall Street accounting is worse than Truman accounting!” Another thing bothering stock- minded readers is that from one day to the next this so-called “Average” will move faster and fur- ther than what they claim to be the “honest Average.” They write me: “No wonder Bernard N. Baruch is reported to have indicated that readers had better forget following the newspaper accounts of Wall Street, because by the time the market makes the front page all the wise guys have left the premises with the money.” Reasons for Wall Street Arithmetic The day-to-day changes in the Dow Averages are magnified. In the case of the Industrials, if—on a straight mathematical average—the market prices of the stocks were UP 1 point, the net change shown by the Dow Averages release would be UP by more than 5 points! The reason for the magnification of changes is that the Dow Averages are no longer arithmetic averages. That is, instead of taking the aggre- gate value of the 30 stocks in the series and then dividing the sum by 30, they now take the aggregate value and ‘use an adjusted divisor which at the present time is 5.76. THUS, THE DAILY CHANGE IN THE AVERAGE IS ACTUALLY MAGNIFIED IN A RATIO OF 30 TO 5.76, OR ABOUT 5.2 TO 1. : This method of computing the daily Average is to save time, yet preserve the historical continuity of the Average. Under the old method they adjusted each stock in the ONLY YESTERDAY Ten and Twenty Years Ago In The Dallas Post From The Issue Of April 6, 1945 Howard E. Lynn, March Field, Cal., is fatally injured in a motor- cycle accident Easter morning. He is grandson of Mr. and Mrs. Wash- ington Spencer, Hayes Corners. Late reports on invasion of Iwo Jima show one Back Mountain Marine killed, three wounded. Joseph Rushinko, Beaumont, was killed March 11, Merl Biglow, school- mate, wounded. Robert Race, Dal- las, and Walter ‘Sayre, Hunlocks Creek, wounded. . : Donald J. Malkemes, Shavertown, is missing in action in Germany. Lt. Robert Fleming wins Silver Star Medal from Admiral Halsey for extreme gallantry in action. John F. Guion, Dallas, wins Branze Star in France. Arnold Williams, 4, stricken with polio at Hillside, is recovering. In the Outpost: Dick Phillips, Pacific Fleet; Lauren Dymond, Max- well Field; Harold Lamoreaux, Kees- ler Field. Nancy Jane Okonsky, Trucksville, Army Nurse Corps, is upped to first lieutenant in France. ‘Emory Kitchen, Normandy, is awarded Purple Heart for wounds received in action in France, the second son of the ‘Sterling Kitchens of Dallas, to be wounded. Married: Arlene Taylor, Atlanta, granddaughter of Mr. and Mrs. F. M, Gordon, Dallas, to Searcy Brad- ford Slack, Atlanta. Emma Wandell. Dallas, to Edward Creagh, Luzerne. Deaths: August Czuleger, Dallas, designer and carver of icons, native of Austria Hungary. Herbert S. Hus- band, 65, Beaumont. Charles Harris, Dallas, aged 86. Capt. Larry Lee, brother of Mrs. Arthur Culver, Dallas, cited for valor in rescuing entombed soldier under heavy shell fire in Germany. Hundreds flock to opening cere- monies of Shavertown Teen-Center, over 100 boys and girls are enrolled. Librarian for Back Mountain Me- morial Library will be elected. Schools, including Lake and Leh- man, pledge support. From The Issue Of April 5, 1935 Dallas takes final match from Lehman, is champion of Rural League. Luzerne County will share in $60,- 000,000 fund to help farmers. Kingston Township property val- uation is cut $10,200. Robert Fleming, Dallas High School, wins silver cup and medal for oratory against seven schools. Daylight time is voted in. Peter D. Clark heads newly formed Dallas Businessmen. Stewing oysters, 25¢ for 3 doz; rose bushes, 23c apiece; potatoes, 14c per peck; smoked hams, 23c per 1b.: veal chops, 25¢ per lb.; seed- less raisins, 8c per box. Robinson; ‘Salmon and Trout,” B. Sage; “The Compleat Angler,” Izaak Walton; “Amateur Rodmaking,” P. D. Frazer; “The Angler's Workshop,” P. D. Frazer; ‘First Book of Fishing,” S. Schneider, and other books with chapter on fly tying, etc. nL / series for stock splits before com- puting the daily Average. Under the present method, no such adjust- ments are made for the individual stocks,—the adjustments are made in the divisor. In this way, there is no need to make a great many computations to adjust for the various splits that have taken place over the years. The present method is satisfac- tory and simple, the divisor itself is changed from time to time as splits and stock dividends occur. In fact, when this ‘‘divisor” idea was first used, the figure was 12.7, whereas the figure now used is 5.76. They first computed the sum of the market prices of the 30 stocks in the series adjusted for splits. The next step was to compute the Aver- age by dividing this adjusted sum of the prices by the number of stocks in the series (i.e., 30). Then the next step was to add together the market prices of the 30 stocks (with no adjustments), and divide this figure by the adjusted Average. The net result was the divisor. The divisor now used to determine the Average at the various times of the day has been computed in this fashion. Margin Requirements Letters have also come to me asking how and when margin re- quirements have been changed dur- ing the past 20 years. Here are the facts regarding these: April 1, 1936, through Oct. 31, 1937, General Rule —55 per cent; Nov. 1, 1937, through Feb. 4, 1945, General Rule—40 per cent; Feb. 5, 1945, through July 4, 1945, General Rule—50 per cent; July 5, 1945, through Jan. 20, 1946, General Rule—75 per cent; Jan. 21, 1946, through Jan. 31, 1947, Gen- eral Rule—100 per cent; Feb. 1, 1947, through March 20, 1949, Gen- eral Rule—75 per cent; March 30, 1949, through Jan. 16, 1951, Gen- eral Rule—50 per cent; Jan. 17, 1951, through Feb. 20, 1953, Gen- eral Rule—T75 per cent; Feb. 20, 1953, to Jan. 4, 1955, General Rule —50 per cent; Jan. 4, 1955, to date, General Rule—60 per cent. Margin requirements are set by the Federal Reserve Board, and are therefore an instrument of overall control. Changes are made as part of a broad Federal Reserve Policy. Safety Valve a FROM GERMANY Dear Howard: Today I received the Post which I am always looking forward to. There is always something in it that my wife or mother haven't told me about in their letters. Just recently, Jack Griffiths came here to Germany. It was a great surprise to find a man from Dallas working in the next building, as I tion. Also, it is nice to get together evenings to talk over old times. I guess things have changed in the past two and a half years, but now I. have the days numbered and it will only be 57. more and I'll be home again. In today’s paper, February 11, you were wondering who the sold- ier was that Jack saw with the paper. Well, I guess I am the mys- by now. the Post about the middle of next month for I am rotating back to the states. I also want to thank you and the rest of the staff for sending it to me during my 29 months of oversea’s duty. It has been a great pleasure to read the happenings of the little town of Dallas, Pa. Thank you again, Frank E. Wagner Jr. 7100th Inst. Sqn. APO 633 New York A PONY FOR JERRY Dear Editor: Mr. Albert Moore has made a Car- verton boy so happy, Riaubia’s mother thinks his gener- osity should be noted in the Dallas Post. Jerry, 12, had always wanted a pony, but the money situation pre- vented, his mother from satisfying his desire, and he never got his wish until last week.* Mr. Moore, a neighbor, knowing of the boy’s yearning for a pony, asked Mrs. Riaubia about it. Mrs. Riaubia explained that she could not afford one. Mr. Moore said that lived with the Moores so long that it was practically a member of the In behalf of Jerry and his moth- er, a big vote of thanks to Mr. Moore, and to his family for part- ing with their pet. Smoky seems very happy in his new home, and Jerry on his back. A Friend. Big Easter Egg A twenty-five pound decorated coconut cream Easter egg at Evans able attention and comment. Little League To Meet All personnel of Back Mountain Little League will meet Tuesday night at 8 at Back Mountain YMCA. [i { 3 - Looting at T-V With GEORGE A. and EDITH ANN BURKE BOB AND RAY, less widely known as Bob Elliott and Ray Goulding, have been being humorous as a duo for a decade now, and still they continue to improve with aging. Beginning Monday, April 11, the zany two, whose recent mirthful meanderings have been confined to radio, will be back on the nations TV screens with ABC-TV’s “The Name’s the Same.” The era of Elliott-Goulding go- ings-on began early ‘in 1946. Ray was handling the newscasts on Bob’s morning disc-jockey show in radio station WHDH in Boston. After his strainght newscasts, Ray took to indulging in off-the-cuff on- the-air humorous exchanges with Bob. The comedy took more defin- ite form and soon the boys were doing sketches. Listeners were so delighted with the happy pairing that within a few months B & R had a regular after- noon show daily. Later an addition- al A.M. spot was added. It was while at this “hossing around” time that Bob and Ray developed their inim- itable stable of fabulous fictional characters (voiced by themselves) including “Mary McGoon” the catch- all of all women commentators, “Tex” the most untypical of West- ern warblers; “Uncle Eugene” a stout-headed lad “soft as a grape” and “Wally Ballou” the announcer’s announcer. Bob and Ray moved onto New York and the networks in mid-1951, picking up an award as “the best in radio entertainment’. In 1953, they landed a short-lived but lively TV show. It was a five-day-a-week bit known as “Inside Bob and Ray’. Beside moderating “The Name's the Same”, the boys will handle the commercials in an “offbeat” man- ner. Needless to say, an “offbeat” commercial by these two is about as entertaining “a brief pause” as you will ever see or hear. LOOK UP AND LIVE, CBS's re- ligious series for teen-agers, Sunday 10:30-11:00 A.M., will have a special three-part Easter program this week. In a “live” remote pickup from Park Avenue, reporter Edward Don- ovan will question New York parad- ers on the meaning of Easter to them. From the studio, a dramatic interpretation of the first Easter morning will feature “interviews” with Mary Magdalene and the dis- ciples Simeon, Cleophus, John, Peter and Thomas. This part of the show will be styled after the “You Are There” series. In addition a 23- voice chorus will sing “Rejoice in the Lord”, “This Glad Day” and “Alleluia”. “Look Up and Live” produced by CBS public affairs, is divided into programs representing the .three major faiths and seeks to attract youth to active religious partici- pation. EASTER IN NEW YORK, a special NBC-TV presentation this Sunday, from 12:30 to 1 P.M. will try to capture the excitement of the tra- ditional Easter Parade along Fifth | Bob Tales Certainly stirred things up when I mentioned two young ladies in my column last week that were active in Lehman. Since then I have been informed, in no uncertain terms, that also in Lehman are: Mrs. Mable Elston, active for years as postmis- tress, Mrs. Alice Elston as tax col- lector, Mrs. Wesley Moore, with the Dallas post office and Mrs. Stolar- ick of the Lehman Supply. * * * So I'm going to be smart and not mention active people in other com- munities like Mrs. Fred Eck and Mrs. George Jacobs from Shaver- town, or Ruth Reynolds and Mrs. Franklin Robinson of Trucksville, or Mrs. H. W. Smith and Mrs. Harry Ohlman of Dallas. No indeed, I'm not going to stick my neck out like that. * * * After digging down for income taxes our morning greeting to each other of ‘What's new?” might as well be changed to “What's left?” oH Just love these doctors who tell you, as mine did last week when I was home sick, that the best thing for my run-down condition would be to spend two week’s vacation sitting in the sun on’some sunny southern beach. ’Course they don’t tell you how this can be accomp- lished financially or otherwise so I did the next best thing and went to the store and got a bottle of pep pills. Gem of wisdom: Love is harder to keep than to make. : * * * Often on Sunday as I sit in the choir overlooking the congregation during the sermon, it is most pain- ful to see some poor tired soul fighting a losing battle to keep his eyes open. I'm relieved when the service is over and the fellow has survived without a broken neck from having his head bob forward and then snapping it back up in feigned alertness. PRIA After reading my column last week regarding horse racing in Pennsylvania, Luther Hontz, who now lives in Philadelphia, dropped me a note relative to this situation. He states that, if you were to pick any day you chose and visit tracks near Philadelphia, such as those in Delaware, Maryland or New Jersey, Avenue. Paraders ‘“‘on the Avenue” will be observed from a mobile TV unit. Ben Grauer will give a “running” description of the finery as the unit travels up and down the thorough- | fare. s3hd Another portion of the show awill originate in the plush Cotillion Room of the Pierre Hotel. Here, Arlene Francis will be hostess at an international fashion show and luncheon, and will introduce other performers and interview guest celebrities. FRED WARING will be presented on the “General Electric Theatre” this Sunday, CBS-TV, 9-9:30 P.M. In place of the usual drama, the Pennsylvanians will be featured in a special program of Easter music. Performance will include many ap- propriate popular favorites, and a finale highlighted by Waring’s own “Song of Easter". Fomen’ - FRIDAY, APRIL 8, 1955 and count the number of license plates from Pennsylvania, and com- pare it with the total in the park- ing area you would find Pennsyl- vania leads easily 3 to 1. Luther says millions of Pennsylvania dollars go could remain in our state. He also says it is common knowledge that five of the Senators who voted against horse racing in Pennsyl- vania have reservations in the box- es of several tracks. As an average American, Luther asks why the peo- ple should not be given a vote on this subject since we must soon get either horse racing or additional taxes, after all, isn’t that the demo- cratic way of doing things? * * * Winner this week of two free tickets to the Himmler Theater is James Simpson, Trucksville R. D. Enjoy the show, compliments of the Devens family. * 2 The Wyoming National Bank, Shavertown Branch, has come up with something unusual in banking circles. They are sponsoring an “Old Fashioned Get-Together” with free lunch, prizes and entertainment, It's refreshing to see something like this being done by a bank (banks are usually such stodgy and ultra- conservative institutions). Neigh- borliness should be the theme of any bank . . . particularly a suburban bank. After all, they have most of what little money we all have. * * * Why is it that bank bandits seem to pick on employees from the Back Mt. area? A little while ago it was Jackie Owens of Trucksville who was the target for hold-up men in the Plains Bank and, this week, Clarence Laidler, of Shavertown, had a few anxious moments in an attempted hold-up by a woman at the Miners in Wilkes-Barre. In both cases the men showed courage. Bandits would do better if they chose someone other than a Back Mt. person on their next attempt. Ray E. Evelan, Heads Memorial Little League R. L. Evelan, of Noxen, was re- tained as president and C. W. Smith of Beaumont, as vice president at the meeting of the Bob Horlacher Memorial Little League at Mehoopa- ny last Wednesday night. Other of- ficers named are H. Bell of Auburn Center, treasurer, and P. Goodwin, Mehoopany, secretary. Plans were made to buy uniforms for all stars who enter the Little League World Series playoffs. The treasurer was instructed to take out insurance coverage for all players. First game will be played on May 16. Donald D. Smiths Are Married Ten Years Mr. and Mrs. Donald D. Smith celebrated their tenth wedding an- niversary on April 1, and on April 2, their daughter Donna celebrated her sixth birthday. Her little friends who helped her celebrate were Wen- dy Allen, Sharon Leinthall, Karen Bronson, Judy Ann Moore and Marsha Williams. Mr. and Mrs. Smith entertained for supper Mr. and Mrs. Harvey Kitchen, Mrs. Kathleen Moore, Neil Sweeney, Earl Hummell, Judy Ann Moore, and Donna. Te a Te a —— —— te —= x TIE orniw consider our LL i RE
Significant historical Pennsylvania newspapers