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Show '"II"11 1 " iTTpi Ii TII rp-- ijjiilnpnini(i " LA. fttieiv CALIF. Ju Mullaney says (UPI) he cant wait to begin working with Los Angeles Laker star Viat Chamberlain despite the big centers reputation for coachs being a basketball INGLEWOOD, nightmare. Mullaney, wiiose Providence College teams played in nine National Invitational Tournaments and won two in 14 years, was officially named the new Laker coach Monday. Wilt is one of the great fig-- igp- - - - nrii DESFRET ures of all time, Mullaney told newsmen at the forum "and I cant wait to start working with him. The appointment of Mullaney, 44, climaxed a seven-weesearch by Laker general manager Fred Schaus for a man to succeed Bill Van Breda Kolff. Van Breda Kolff opted out May 19 with one year remaining on his three-yea- r contract and was named to coach the Detroit Pistons. k For almost the entire sea- game. and Van son, Chamberlain Breda Kolff had a running feud going. It reached a peak when Chamberlain twisted his knee in the final minutes of the final game of the NBA playoffs against the Boston Celtics. The Celtics went on to win, capturing their 11th title in their last 13 years, and Chamberlain followed with a verbal blast of Van Breda Kolff for not returning him to the However, Mullaney i s nt particularly worried about the Chamberlain situation. I have dealt with young men on a reasonable basts, and I work well with people, he said. I am the type of man they work well with. I am a reasonable disciplinarian and never had problems with personnel. Mullaney said his primary goal will be to win the NBA something championship the Celtics stopped the Lakers from doing during Van Breda Kolffs tenure. In his 15 years of coaching, one at Norwich University and the other 14 at Providence, Mullaneys teams won 2S9 games and lost 100 for a .743 winning percentage. The NIT titles came in 1961 and 1963. Schaus said, Mullaney is exactly the type of person we feel is capable of directing this Laker ball club. qj NEVS, Tuesday, r i July 1, 1969 jw-- y fc- D5 Penman, Eddy's And Bill's Nines Win Penman Br os., Eddy's Products and Bills Lounge of M igna won fast pitch encounters in the Salt Lake County Recreation League Monday night at the Miilcreek Complex. Penman Bros., and Bob Mostelier, Highland Motor, hooked up in a pitching classic with the former having the upper hand. Bu's Lounge got a four-hi- t V a I Peterson, AMERICAN LEGION from East pitching performance 000 020 n Ron Hansen while Torch 030 000 Holladoy and Hale 0ra9e and Dement, went and drove in six Williams (E); Smotherman runs. 004 010 Skyline 000 033 West The results: LeFaver, HHI (5) and Pat-tiso- 32 9 x3 4 (). 8 -5 2 1 Woodruff-2b0- 3 -- 6 9 Lyman; Carlson, MONDAY PASTPITCM Christensen (4) and Guevara, Carr (4). 3B White (6), Nunley (W). I 5 Highland Motor 3 1 06! 003 0- -1 Penman Broi. I South 3 6 310 000 x 4 8 1 Mosfeller and Epothianj Petersen and Granger and Smith. Rasmussen and Jones. Smith Ken Peterson Ins. 2 2 0 NCfdgren. 3B Clayson (G). 10 5 9 Eddy's Products AUTOMOTIVE ridga and Miner; Roberts and Gates. Holladay 7. S'tvpns Brown $ 14 Bill's Lounge 8 4. firs Local 222 1 Judge Yalecrest 4 5 9 Htrlr t, Brlehion 1 Hansen and O. Oea, I. Dee (5), Head Highland 6, Hunter 2 rick (6). Rutter and Luke. Meniove 5, Bingham 4 j Bees Grab Lead In Standings By The Associated Press Pioneer League play was just a little sloppy Monday night. There were 20 errors in three games. Let us be your Investment Information Center in Salt lake City The sloppiest contest was at Twin Falls, where Caldwell defeated the host team 17--7 In a game marred by 10 errors, eight wild pitches and a passed trll. Salt Lake defeated Billings and Great Falls beat In games that had Ogden five errors apiece. only leading Salt Lake League was the only team that did not commit a fielding mlscue during the night 8-- 6 16-1- 0 Ogden Manager Ray and Coach Biff Barnes were ejected from the game at Great Falls when they protested an umpires call too heatedly. Umpire Wade Auer later cleared the Ogden bench over a continuation of die same dispute. Mai-gra- Great Falls batters hammered five Ogden pitchers for 21 hits. The Giants also were Understanding the market over-the-coun-ter A 4-min- cram course from Merrill Lynch ute aided by four Ogden errors. Salt Lake scored three runs in the sixth inning, to overcame a one-ru-n deficit, and then held on for the victory. , - Randy Elliot had a two-ru-n homer for Salt Lake in the third inning. Caldwell jumped off to an early lead, scoring U runs in the first two innings and was never seriously challenged. Pioneer League Lost Won changes. Who negotiates, and how? Dealers and brokers. Some 4,000 of them-lin- ked by a massive telephone and teletype network that stretches from coast to coast and around the world. 81 Pet. Salt Lake City Ogden Great Falls Billings Twin Falls Caldwell Idaho Falls market is not a place. Its of buying and selling securities by negotiation, Instead of public auction, as on stock ex- The What kind of stocks .857 Ml .60 3 .in Mnd.y'c Itaulfs LBIIIintt. idttdui. Tuesday's the publicly owned stocks and bonds of all the companies not "listed on stock exchanges are bought and sold About 3,C00 stocks are available through the ex changes, compared to an estimated 50,000 on the unlisted market. securities range all the way from the most volatile penny stocks to the most Government bonds. conservative, Many people assume that if a stock isnt listed on an exchange it somehow hasnt made th9 grade. Not necessarily true. Hundreds of companies which could qualify for listing on an exchange prefer to bs traded Most Important: when the securities of any company are ottered to the publlo tor the first time, they are always ottered If theres an embryonic Xerox or IBM around to day this must be the place. All er. Orwt Falls Ik Ogden 10 Caldwell 17, Twin Fails 7 sell Lake City at Billings Ogden at Great Falls Caldwtll at Twin Falls Idaho Falla, Wla Over-the-coun- SILLINOS SALT LAKI ab Zarti It Vidrlasa Sisercf Jacobs 3 rh bl 5 5 4 4 Elliot 1b Anders St 2 1 0 0 0 0 0 0 4 4 I Lawrf abrhbl 11 I Auerbach i i Outlay 0 11 JO so Garcia b Collucio M Marti rl Zahncl 4 lb isr fill I? !iii ms 3b II II Peters ivnch c Kamfrel e Gardner p Andersen a kostlvel pn Preston p I 40 00 sioo leLaop JonsattT p ph Marble p Martin ph ms Cook MS Lotathp 37 0 II 0 Totals Totals HOIS Salt LaklCIty 03 003 111 III Billinas E A par back (I), Collucio, Marti, Bunch. LOB Salt Laka City 7, Billinas I. ZB Auarbach, Vibrio. JB Law. HR Elliot. St Elliot. SP Collucio. Paters (2). . , R SR SO SO "7 DeLao 3 0 3 Contain (L) 4 3 3 3 7 3 Marble 0 i Losath 0 5 Gardner I Anderson (W) Preston I gilt-edg- ed T A 795. T 2:50. How do they do? Last year, as a group, the average of the 35 leading in securities that comprise the dustrial index rose 72 points, compared to an increase of only 39 points for the average of 30 N.Y.S.E. Industrials. Seven-U- p and Diamond Crystal Salt doubled. In fact, literally hundreds of other stocks-su- ch as Tappan, Eckerd Drugs, and Alco Standard-h- ad price increases exceeding 100 per over-the-count- Dow-Jon- es over-the-coun- V 13.000 Milt Factory Strvict AdjustiMiit Vj cent. ISrir 7 fV Detailed Internal fatpeetton Custom Band and Linkage Adjustment New Fluid, New Gasket However, to put the picture in its proper perspective, we hastily add. that many of these 6tocks that went up double or more were very issues of a highly speculative character. Furthermore, a great many unlisted securities suffered losses last year, too. What happens when you place an order? low-pric- O V All among dealers and brokers. There is no set price at any one time. Indeed, there are frequently wide differences In price between dealers. S even days. the price has been rising, you can end up paying more because of the delay. But if your broker can put on a dealer's hat, and buy from you or sell to you from his own Inventory (called making a market In a security), he is generally able to give you a quote and execute your order much more Second, when you ask stock, he virtually always acts as your agent. Butintheover-the-count- er market many stockbrokers may wear two hats. That of an agent (broker). Or that of a principal, a dealer. As an agent, your stockbroker scouts the available sources of the stock you T like to view ihe OTC market as offering widespread opportunity to the investing public. With the proper guidance, the average investor can become acquainted with opportunities for participation in tomorrow's growth stocks today. Mr. Raymond J. Kieman, Managing want, negotiates the price, and charges you a commission for his efforts. As a dealer, he sells the stock to you directly out of his own Inventory, either at a profit or a loss, adding a markup above the prevailing market price for his serviced Department. it-- REPORT AND rapidly. Thus, to a degree, the greater the variety of stocks and bonds In which your brokermakes a market, the better. And the faster he Is able to handle your order, the better. Merrill Lynch makes a market in about 400 of securities mora the most active firm than any other brokerage dealing with the public. Merrill Lynch is the only brokerage firm able to price quotes on these give Instant, 400 active securities. (We do it on a remarkable network of electronic quote machines.) Moreover, on most of these securities, most of the time, your Merrill Lynch account executive can execute your order for any amount up to 1 00 shares immediately at the price quoted on his machine. (Which, in effect, makes us the only broker to "advertise firm prices on up to 400 stocks and be executions.) willing to back them with It is for these reasons that many experienced investors say: When you buy or sell be sure to check Merrill Lynch. over-the-coun- ter Your stockbroker: the key Obviously, as an agent, a broker must have facilities enough to be able tocheck a number of be sources, be conscientious enough to do skilled in trying to negotiate the best price for you. Merrill Lynch has the most extensive facilities In the country. We have 70 experienced negotiators (traders) in our New York headquarters alone, plus others in more than 20 major centers around the world. They have full use of Merrill Lynchs 340,000 miles of private wire. Merrill Lynchs guarantee: when acting as your agent, it is our policy always to check at least three competing dealer markets, if there are that many, to try to get the best price for you. FREE RESEARCH hours-- or If and Free stock reports Clip coupon for Merrill Lynchs free, illusbooklet with trated, the whole fascinating story and for our Research Departments latest bulletin on the outlook for 1 0 actively traded stocks. Its good investment information, yours for the asking. Investigate then invest 16-pa- ge BOOKLET To: Merrill Lynch, Kenneeott Building, Salt Lake City, Utah S41 It over-the-coun- over-the-coun-ter Please send me, without charge or obligation, your Research Department's latest bulletin on 10 actively traded OTC booklet. stocks, and your 1 gi Mr. Mrs. OC MERRILL LYNCH, PIERCE, FENNER G. SMITH INC Let Salt Lake Citys Merrill Lynch office be your Investment Information Center. Just walk in! Kenneeott Building 84111 AUTOMATIC ; agent can taka ed From an investors point of view, the procedures for buying listed and unlisted securities may seem pretty much the same. But there are differences at the brokers end. Big differences. And they could be important to you. First, when you ask your broker to buy a listed stock, he buys It at public auction on an exchange. You pay the price that prevails for 0.GD.0S As a dealer, a stockbroker may assuma even more for Investors. The reason Is simple. Tracking down stocks as an trad- ing, ontheotherhand.lsdone by negotiating, bargaining " OPEN ALL DAY SATURDAY r your broker to buy a listed over-the-count- .500 .455 Salt Lake City are traded any buyer at a given moment. (801) 328-461- 1 TRANSMISSIONS SALT LAKE 345 So. Main OGDEN 4299 Wvtrdalt Road 3556209 3946679 idT I 1 '1 |