Friday, September 4, 1959
THE NEW BERN MIRROR, NEW BERN, N. C.
Page Seven
Steady Expansion Shown in
Number of U.S. Stockholders
One far-reaching phenomenon in
this age of phenomena is the devel
opment of what has aptly been
named People’s Capitalism. There
has been a steady expansion in
the numbers of Americans buying
stock issued by our corporations.
And that expansion has taken
place on a scale far greater than
anyone seems to hpve anticipated.
The Exchange, a monthly maga
zine published by the New York
Stock Exchange, puts it this way:
‘ This country’s shareowning popu
lation enjoyed a much greater
growth during the past 36 months
than even the most optimistic ad
vocate of People’s Capitalism—
an eventual nation of stockholders
—would have dared to hope for a
few years ago.” That statement has
its factual base in the Exchange’s
1959 Census of Share Owners. Sim
ilar surveys were made in 1956
and 1952. A wealth of data has thus
been accumulated, and here are
some of the highlights.
First of all, there are 12,490,000
share owners now, as against 8,630,-
000 in 1956 and 6,490,000 in 1952.
Over this span of years, of course,
the total population substantial
ly increased as well. But, the im
portant thing is the proportion of
share owners increased to a much
I have been having trouble with
“Actinopelte” on a very large
• AWNINGS
• BOAT COVERS
• CANOPIES
• TRUCK COVERS
• VENETIAN BLINDS
• YACHT WORK
CULPEPPER
AWNINO CO.
1916 Neuse Blvd.
THEVRE SO
COURTEOUS IN THE
PRESCRIPTION
DEPARTMENT AT
CLARK'S
DRUG STORE
EVEN THAT'S NOT SO
IMPORTANT AS KNOW*
INO HOW CAREFUL
THEY ARE
CL/lRK'f
IDRUG ST0R£S ,
c^«*et£/^£'.7-2/a8
broad e.M/DDL£ STR££T
Af£!V B£RN ,N.C.
Southern red oak. This is a fungus
disease which causes leaf spotting
and results in rather severe defoli
ation. The disease attacks the low
er leaves first and gradually works
Upward. The pathologists tell me
that it may be controlled by spray
ing but special equipment is re
quired to cover a tree so large.
They do give a word of encourage
ment by saying that the disease
seems to work in cycles and is
more severe during murky weather
111 late spring and early summer.
Remember that anyttilng which
interferes with the normal func
tioning of the leaves of a plant will
reduce food manufacture and may
result in death if not corrected.
Two cases of camellia canker, or
die-back, have just come to my
attention. This is the most common
disease of camellias. The first
larger extent. The incidence is 1-in-
8 now, where it was l-in-12 in 1956
and only l-in-16 in 1952. Six states
alone—New York, California, Penn
sylvania, Illinois, Michigan and
New Jersey—now have a combined
share owner population well above
the whole national total of seven
years back.
’Where do the share owners live?
Naturally enough, a great many
of them are found in our big cities
MOTOR MAIDS
‘Pro’ Drivers
Made Not Bom
By Martha Johnson
Dodge Safety Consultant
You, too, can be a professional
driver.
In fact, it's important that you
are as professional about driv
ing as the trained truck, bus and
taxicab driver.
To acquire this technique the
National Safety Council lists
these driving “extras.”
Obey traffic signals and never
get caught moving in an inter
section when the traffic light is
yellow.
Look both ways before start
ing on the green light to make
certain no cross traffic is coming
through against the light.
Allow one vehicle length of
following distance for every 10
miles per hour of speed.
So you won’t crowd the center
line, line up a point on the dash
or hood of your car with the
road edge to keep the wheels
safely within one foot of the
road edge.
Look to the rear before pulling
into the left lane to pass a car to
make certain no vehicle is trying
to pass you.
Slow dowm for all pedestrians
at all times, particularly between
intersections.
Don’t drive when drowsy and
don’t relax too much while driv
ing, particularly on superhigh
ways.
On long trips, don’t try for
speed and endurance records.
And finhlly, professional ^v-
ers are made—^not bom. AbUity
behind the wheel depends on
knowing the facts about traffic
regulations, accident prevention
techniques and the human na
ture of traffic behavior. To k^p
“the professional touch," a driver
never should stop learning.
Kehoe — Friday & Saturday
SAMUEL BRONSTON
ftesenis
pilmbo in eoLOft av
TECHNIRAMAs TECHNICOLOR* WARNER BROS.
SIMIIINb
ROBERT STACK’MARISA PAVAN-CHARLES COBURN-ERIN O’BRIEN
S MACDONALD CAREY’JEAN PIERRE AUMONT-DAVID FARRAR
PETER CUSHING • SUSANA CANALES BEHE DAVIS “
-
of 500,000 population and over—
3.416.000 of them, to be precise.
But there are still more share own
ers—3,570,000—in communities in
the 2,500 to 25,000 range. And
more than a million live in purely
rural areas. The metropolises have
no monopoly.
Once, long years ago, sti>ck own
ership was pretty well confined to
people of large means, and stocks
and stock markets were fogged in
mystery so far as the great bulk of
the population was concerned. That
is true no longer. The largest sin
gle group of share owners—num
bering 3,145,000—is found in the
$5,000-$7,500 income brackets. And,
believe it or not, there are 1,106,-
000 share owners with a household
income of under $3,000, as against
319.000 in the $25,000 and over lev
el.
symptom is a wilting of the leaves
followed by the formation of cank
ers on the stems. Terminal twigs
may be killed.
To control the disease, cut away
and destroy all dying twigs and
small branches. For cankers on
large branches, cut out the diseas
ed portion and apply an antiseptic
paint to prevent re-entrance of the
fungus and promote healing of the
tissues. This disease is usually
more severe on plants that have
been heavily fertilized, especially
with nitrogen.
Recent investigations suggest
that a protective spray of Ferbam
may help in control. If you wish
to try this, use six level table
spoons to five gallons of water
plus a good wetting agent. It seems
that the best time to apply this
protective spray is just before and
during the period of leaf fall.
The share owners, in general, al
so save and invest in many other
ways. The latest survey finds that
81 per cent have life insurance, 80
per cent have savings accounts, 68
per cent own their own homes, 59
per cent own U, S. government
bonds, and 37 per cent are partici
pating in pension programs. Ob
viously, these people don’t put all
their eggs in one basket.
Over 3,500,000 of the share own
ers have had four or more years
of college. But that doesn’t mean
that people with less formal educa
tion play only a small part in the
march of People’s Capitalism. In
fact, 2,804,000 have had three years
of high school or less.
The survey produced various oth
er facts: Female shareowners out
number males by 6,347,000 to 5,-
740,000. Median income is $7,000
a year; The median age is 49—two
years less than in 1952.
KEHOE SUNDAY
Christine Carere—the loveli
est French actress yet—performs
delightfully in "A Private's Af
fair" at the Kehoe Sunday
through Wednesday. If you're
young, or would like to be young
again, this is entertainment at its
best.
PROTECTION
-HOME-
IS OUR BUSINESS
ELECTRIC CO.
Phene ME 7-2242
SOUTHERN CROSS
High Point Bedding Sample Sale
Mk iH li i
Add This Fine Sleep-Away Sofa to
Your Prized Possessions
Sale Price H24.94
OPEN FRIDAY NIGHTS UNTIL CHRISTMAS
OF NEW BERN