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 —— ——
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