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Show FRIDAY, JUNE 15, 1973 Met six SecradOff , DeHits Court Jersey fiance of Strike Ban t Uftalh Qiniwesfimeinitl Oaolbs Dsaippsas From cmie By William M. Coombe ruieuini-Buwioi.- ' Stle , . Brough of Union that four or five Beach. million small hdd. by stock holders power of the judiciary to halt dubs in general included Oc- have gotten out of the market, illegal strikes, upheld, May 21, the Fair SALT LAKE CITY The cidental, Continental Mor- apparently for good, says Dr. a $17,350 fine against Association Lawn Educator stock market is so bad that tgage, Eastman Kodak, U.S. Carr. for a teachers walkout in 1971. even the small investment Industries, Xerox, Ramada, Look at duPont, Glore The 6 0 affirmation of a Crown Cork and Sea, IBM, clubs are disappearing. Forgans sales pitch to the Superior Court Appellate Last autumn there were 66 GAF, AT&T, email investor, attempting to Division ruling denied the But now most stocks are lure him back into the market. registered investment dubs in Associations contention it down six from the drifting downward relentlessly Utah entitled to a jury WASHINGTON (UPI) -t. What good is the stock should be previous year, according to Dr. as the Federal Reserve Board the whether determine to Tbe FCC says jt js considering Duane S. Carr, a director and acts to curb money supply and market if it simply goes higher rial fine was proper. scrutinizing the question of the European monetary all the time? asks Dr. Carr:' past president The Justices said the courts wbetber sports broadcasts situation remains a mess. A bigger fool doesnt come need sizeable fines for use as of the Utah shouid be classified as news or Naalong year after year. Thats tools to compel compliance entertainment Chapter, programs, Disappearing Act tional Assn, of why stocks are now selling at with orders to nght public s Thg Washington Now, the ICs are watching six times earnings when they Investment had reported that the seven their gains melt away. were selling at 20 times earning wro8, Clubs. The court must be able to have, People who rejoice at seeing a year ago. "I estimate immediate compliance comnl jssi0ners a hold compel decided to unanimousiy their holdings jump 25 percent . that we have if the court is to be equal to its blic jnt0 ral hearing The market has been overin value in a year, are upset lost another 10 under govern- responsibility rts broadcasting, when the holdings lose 20 per- sold to a large degree and it is clubs in the ment, Chief Justice Joseph FCC js .consjdering cent the following year, and the now being corrected which 8 months Weintraub wrote in the whether to take up the past the market has always done year after that. Dr. Carr said. Mr. uunnmgi opinion. A court order reflects a commission t, 1 attended a national infrom time to time. The investment an underlying wrong already J kesman said June 5f in club' in April and The modern-da- y Adam done or threatened, coupled historically has been a popular vestment meeting to a question, who The wrote Smith, Money with, an uigenCT or some rponse way for the little guy to get fhe FCC was said to be Game and Supermoney wrote involved and experienced in in the ordinary about in the latter book .that remedy which mandates a coer- - ticularly concerned ' the stock market. locai that spor. may reports something else (other than cive remedy. either employed Though they lack the resourare tscasters growth) is going on. The fine was imposed after or controlled ces of the big institutions, inby officials of 14 and Association the vestment dubs have done well: hometown teams, and that NEW YORK (UPI) -The orgy of ever expanding 1972 Show Whopping Brooklyn Supreme Court wealth, profits and greater teachers were convicted of con- eir reports are Gains for U.S. Investment Justice Irwin Brownstein says fools has come to an end. tempt by the judge without a affected. The commission can set Clubs, reported the NAIC some trial judges go home (Never mind my apartment jury for refusing to obey a the order against Inrestraining Better before have noon because they house hallway). publication regulations to prevent distor-1- 2 and m stnke "day January tion 0f the news or requiring vesting. nothing else to do. 1971. The 14 teachers stations, under the fairness February To correct this alleged waste 32 Annually! 68 In Topped The magazine said that the of time, he has called for a1 The venerable T. Rowe were sentenced to six months doctrine, too air both sides of &nd fined $400 controvprsi&l isups top 15 percent dubs had grown system of backup cases, so Price, who sharpened the art of impnsonment of the five months with each, News carried e one when ended Star that case at an average lifetime comgrowth stock investing has suspended. courts recently that local spor- now turned his back to the very pounded rate of 32.29 percent. earlier than expected, the amount ruled the The court tscasters usually are on the Even the average NAIC mem- ts could proceed with a second funds he started and to the the not mean did of fine the case on same the day. payroll of teams whose games ber performed much better stock market in general. He to a was ' entitled Association Brownstein said it is not believes in the than your dullard bank account they broadcast, as well as security of cash trial- uncommon for a to defendant being retained by their radio or and government certificates. a shade under 14 percent be remembered must It in before TV stations. The paper said trial, plead guilty market indices other that there is no universal compounded annually. Many atsuch nght team owners or club officials cases, the district The ten stocks held in the than the Dow-Jonshow the to a jury merely because of the ajs0 bold a veto over which office is not prepared torneys market is well down from its greatest number by the top 15 to of a dollr judgment, the nouncers are allowed to broad- with case another proceed Oc1968 high, which the same inpercent group included curt until the next day. cast their games. s, cidental Petroleum, Ramada The Justices considered the He proposed that the district dices show was the true top of Inns, Continental Mortgage attorneys be ready with two-- , the great post World War II central issue in the case was bull market. So in essence, the the elementary need that the Investors, Eastman Kodak, trial cases, rather than just Feabody-GalioGreat Bear Market may have orders of the judiciary be Book Note: Skyline, one, as is currently done. ended five years ago. Holiday Inns, Gulf obeyed and obeyed at once. Prophets of Doom say the The court said the public TheOCiOr Kneel grandaddy of all depressions wrong outweighed any conconsiderations for a time may be only a year down the road. suming jury trial. If the Big Deflation really The fine against the 347 does come to pass, then we will member Association amounted all be taken to the cleaners to $50 per teacher and hence in-House a before WASHINGTON (UPI) the impact on the underlying even the ones now desperately Written (ACCN) subrelations AdThe Food and Drug tergovernment membership is modest in the glomming onto bonds, land Theodore Kheel, one of ministration said, May 31, it committee which has head and coins, because if we all run light of the public wrong. the leading authorities in the field, that IUDs had out of money and lose our jobs court said. has begun a new program of complaints efcaused or deaths The Fair Lawn Board of Labor Law is a practical injuried and see the banks fail there evaluating the safety and fectiveness of certain in- among women users, contrary wont be anyone willing to take Education obtained the working tool. claims of to Published court trauterine contraceptive advertising safety. anything off our hands by Matthew Ben-sairestraining order, the FDA said the has Gardner addevices (IUDs), but needed to end this public wrong, der, the first two volumes of unless its the government and e ditional legal authority to no authority under law to clear the strike continued in this projected but the people who proposed IUDs for safety and efwork assert full regulatory control. are now defiance of the order. The available at Keynesian economics in the firvolume. $42.50 be to the must courts The set is Acting FDA Commissioner fectiveness before they are st place. per power Sherwin Gardner testified marketing hardbound commercially. in end a the public wrong by patented Since the Second World Among other medical devices im- - leaf binders, and will be while not which, kept War, much of our nations free of such FDA regulation to date with the truth up finding pairing supplements from the growth has come are heart pacemakers and arprocess, will not deny relief by and revisions. small firms of tificial kidneys. equity financing a delay in affording it. Designed for use by with only a gleam in their founNot The FDAs legal authority said is settled a The it court specialists and nonspecialists over IUDs presently extends ders eye. But now the bear this unique reference is a alike, only to labeling, clean market is so bad that all these sourcebook that gives the atDrop Case Against WASHINGTON (UPI) -- manufacturing processes and new companies are strapped both a dramatic overtorney The Supreme Court has ruled determining whether they can for cash and cannot expand emMan Rammed Who view of the entire labor law be considered dangerous to ployment and capital infor the third time that the field and each special area, lite Hijacked Plane principle does public health. Gardner asked vestment and all the other examined in full detail. It not apply to election ofjudges. Congress for broader authority tle necessities required to (U provides a full range of real-lif- e r,ST L.0UIS, The latest ruling, involved and more money to improve produce another IBM. have been dropped Charges guidelines for handling specific elections for state judicial evaluation and regulation of all As for whether the current David a Hanley against in problems with special medical devices on the market. posts Kentucky. distress is temporary or perwho rammed his nhasi on The Court has never issued In the meantime, an FDA orPresentation, manent we will have to wait car into the nosegear of a an opinion on this subject but der signed in late February and see. 24 jetliner last June in an effort fabn nrn.bargaimng un?ir has twice in North Carolina classified as a regulated drug comprehensive and is the If to halt the plane from being right majority afand Louisiana cases on development of certain devices using heavy coverage hell hiiacked the to world (to goes pay firmed lower federal courts metals or other modern labor law, the NLRB; substances, for its sins) we who are below which have taken this position. This U.S. E. Attorney s permits that FDA to conthe upper-uppe- r class will suf--. The Kentucky case was starsaid the charges of tation preceding represen-Reeveaftrol IUDs that and particular ted bv three Louisville lawyers fer. destroying an aircraft tionSt uFnion oblation on tne ground that the 4th fect chemical action over a If the minority is right and m interstate commerce were to handlp Judicial District is much larger sustained period of time" we somehow muddle through pressure June because 4, Wb"0 dropped within the said. Gardner exerted hv from six which than the other body, the mess and go on another managemAent Hanley already had suffered Using this limited authority, appellate judges are elected. nre. Ap- ten an. Money and Super binge years e three-judghospitalization through eh The special said, the FDA has begun a Presei?t the major we have determined this is federal panel which heard tne review of certain IUDs safety from now then the majority statutes with their will suffer anyway. not a proper matter for federal J, complaint had dismissed the and effectiveness and where Those who arent buying Reeves said JJments, as well as complete suit on the basis of the appropriate, necessary of NLRB Hanley suffered permanent in- - descrPtions Supreme Court's action in the regulatory action will be stocks now will kick themorganization, and procedures in crash. the North Carolina case. taken. selves, says Dr. Carr. jury delegation of authority. Oil and Xerox. The 10 top stocks By Daniel K. Cunningham Daily Record Columnist we were told - FCC Reports It May Crack Down On Sportscasts Star-New- . par-madequa- cy Judges Idle After Noon play-by-pla- . y j repor-jailter- m jy j es an-ns- k Mc-Donal- n, ds. FDA Wants More Power to Test Contraceptive -- how-to-do-- it d, four-volum- loose-procedu- '1-M- an, 1-V- re ote' for Judge Elections Ruled one-ma- n, one-vot- an Jies amen-prosecution- ? f ." |