Mt. Pleasant Times (Mount Pleasant, Tex.), Vol. 45, No. 231, Ed. 1 Monday, January 25, 1965 Page: 4 of 6
six pages : ill. ; page 21 x 15 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
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1. Reflection
2. A seraglio
3. Ultimo:
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marshal
general
6. A tally
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7. Past
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came to 5,993,811 on Jan. 15
on the New York Stock Ex-
change. This was a drop of
989,496 shares in the month
and the lowest level since
April 15, 1964.
Usually such a drop in the
short interest is viewed as a
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Continued from Page 1:
Whitehall, the seat of govern-
ment, and past his old resi-
dence as prime minister, at
No. 10 Downing Street.
At the head of Whitehall
stands the Admiralty, always
Churchill’s favorite govern-
ment office, and Trafalgar
Square with its soaring statue
of Nelson.
On down the Strand, with
memories here of Churchil-
lian nights out at the Savoy
Grill and the now vanished
Romano’s, favorite haunt of
Edwardian London.
Then into Fleet Street, Lon-
don’s newspaper row to which
Churchill turned for a plat-
form and for income in his
youth and again in the years
of political eclipse after
World War I.
Finally to St. Paul’s Sir
Christopher Wren’s domed
masterpiece where . Britain
traditionally takes leave of
its heroes.
From St. Paul’s the cortege
By Chic Young :
I CANT
FIRE THE euf-
He TWO__
INTERESTIHG!
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gfam todry
Member of Texas Daily Newspaper Association
Entered asaeeand class matter at the Post Office at
Mt. Pleasant, Texas under the Act of Congress, March 3,
1111
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appear in the columns of this paper, will be gladly cor-
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Obituaries, resolutions of respect and cards of
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SUBSCRIPTION RATES
Home Delivery in Mount Pleasant, one month $1.00.
By RFD Mail in Titus and Adjoining Counties: one
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United States and Post Office box delivery in Mount
Pleasant; one year $10.00; six months $6.50. Other mail
President's Address Draws Praise
Looking back over events of the past week, cen-
ts inly one of the highlights has to be the virtually
universal endorsement given the inaugural address of
President Lyndon B. Johnson by all who heard it.
This is not a hard thing to understand. The Presi-
dent said nothing with which even the severest critics
could find fault. He spelled out the position of this na-
tion once more — that of a people wanting nothing from
any other people, all the whole being a nation that
seeks justice, liberty and union
It is a long way, of course, from an inaugural ad-
dress to the full implementation of the program of a
President. Yet, listening to Lyndon B. Johnson, one
gains the clear impression that here is a man who will
have what he wants.
He will get it through arbitrary or high-handed
means. Hi?’will not turn the Congress against him, as
did Franklin D. Roosevelt with his Supreme Court-
packing maneuver. Rather, Lyndon Johnson will see
his program through with a combination of the many
things which make up his character
Not the least of these is his persuasiveness. Nor
is his political savvy to be overlooked. Nor his close
acquaintance with so many members of the Congness
in whose ranks he so long served. All in all, the out-
look is a gqpd one for every American.
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003 22
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By SAM DAWSON
( Business New» Anayist
NEW YORK — A big
drop this month in the num-
ber of shares sold short by
the bearish minded can be
explained in'three ways by
followers of the stock mar-
et.
L It could mean the con-
version of many traders to the
.bullish view that stock prices
are due for a further rise as
the economy expands.
2. It could mean simply that
many owners sold short in
December and Covered these
sales in January with stocks
they already owned to take
advantage of the lower income
tax rates this year on their
profits,
3. It could mean that the
market now has a substan-
tially smaller supporting base
of potential demand, so that
the drop in the short interest
is really a bearish factor for
the immediate future.
Short traders borrow stock
from an owner and sell it.
He expects to buy the stock
in the market later at a low-
er price and return it to the
lender, pocketing the profit—
the difference between the
high price at which he sold
and the low price at which he
buys. The price may go up
instead of down and the short
trader then is put of pocket
by that amount. --—
The number of shares sold
short and still uncovered
777
ney of a thousand miles be-
gins with the first step.” .
The United States already
has taken many steps toward
the achievement of a “Great
Society.” It also has taken a
few side steps — probably
some backward steps, too —
along the way. But from the
time of the landing of the
Pilgrim Fathers, the splendid
promise of the American
dream has led us through
wilderness toward the cre-
ation of a more durable fate
and a more humane exist.
ence.
As a practical man who
knows practical politics,
Johnson is certain to try to
make our next steps forward
giant ones. Although there
may be — surely will be —
partisan arguments about
methods, the end in view ulti-
mately is nonpartisan.
There are hopeful portents
I
4
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/5
The jour-than any past generation. But
we have also done more to
4 :00 Flash Gordon
4. u Roeky A Friends
4 Mi Superman
S:00 The Lone Ranger
5:30 ABC News
6 45 News
A 00 Riflemet.
4 30 Voyage te bottom of the Sea
7 10 No Time for Cergesnts
8:00 Wendy A Mo
l 30 Bing Crosby Show
4:25 Morning Devotional
6:30 Ar ri-Scope
7:00 Today NBC
7:25 Today in Shreveport Bud
Loowry
7:30 Today NBC
8 :25 Today in Texarkana Herman
Cecil
9 :00 Make Room For Daddy
9 :00 Make Room For Daddy
9 :00 Make Rcom For Daddy
9:30 What’a This Song
9:55 Newbmam Bud Lowry
10:00 Concentration
:30 Jeopardy
11:00 Say When
11:30 Truth or Conscejnences
II 55 New a
12 OU Poprye And Hi- Friends
12:70 Let’s Make a Deal
1 .** Moment of Truth
1 :W The Doctors
Z :003 Another- World
2:30 You Don t Say
bears and an increase in the
number of the bullish mind-
ed. The bulls think prices are
headed upward so that short
selling is a losing bet.
But tax selling and buying
often determines stock trad-
ing in December and Janu-
ary. This year the tax cut
that went into effect Jan. 1
could have played a greater
than normal role.
It worked this way: A
stock holder might have shar-
es on which he had a hand-
some profit — once they were
sold and the profit converted
from paper to cash. He didn’t
want to sell in December and
299
KTALTV - CHANNEL 1
Texarkana - Shreveport
MONDAY
• 1M Laft-a.lot Club
Puprye "Cartoons,
Three Stooges,
Laurel A Hardy and
Leave it to Braver
5130 Huntley-Brinkley Report
6 :00 Newscope (Local i
6:10 Newscope (Wenther)
6:15 Ark-La-Tex Round-Up
6:15 Ark-La-Tex Round-Up
6:30 90 Bristol Court
6:30 Karen
7:30 Hullabaloo
7 :30 “Tom. Dick A Mary”
8:00 Andy Williams
9:00 The Stately Ghosts of
* England
10:00 Newscope
10:18 Tonight Show
12 :00 Evening Devotional
that the goal of a "Great
Society”, is attainable. While
we live in the most murder-
ous century of all, we also
live in the most humanitarian
century of all. Probably never
have more men slain each
other than in the 20th cen-
tury: yet never have more
men been helped by each oth-
er.
We’ve made more widows
' J
conquer disease; tear down
barriers of space and time,
increasing knowledge, and
distribute the fruits of our
labor more equitably.
We haven’t stood still. We
have come a long way.
Perhaps we have even come
far enough to realize that no
one land, no matter how
strong, can safely remain
forever as an inland of pros-
4:50 Your Pastor
7 :00 Singin’ Time In Dixie
7 :30 Bob and Him Buddies
9:00 Captain Kangaroo
9:00 CBS New* Wallace
9:00 CBS News Wallace
9:00 The Nine O’Clock Movie
11:00 Dr. loory Hildreth
1 Ml Father Knows Best
12:00 Midday News
12:30 Am The World Turns
1:00 lassword
1 :34 House Party
2:00 To Tell The Truth
2:25 CHS New* Falwards
2: VI Fdge Of Nixht
3 :00 Secret Sturm
Ma4in
IN Teat Pattern
7 09 Early Morning News
3:02 gineon Mb
• to Romper Room
3-70 Funny Company
bto IW Nine o'clock Movie
• to Thu mie I Right -
Mto Fatner Kmw Bet
11 5 Tenn. Ernie Taft
ins* • ru T New
itto Abhme • catto*
ito Bent ot Groueho
Ito Day In Court
1 to News Wieh a Woman’ Toneh
Ito Gemerai Houpital
•to The Youmg Marriede
• to Trailmagtet
4 to Flash Gordon
am Roeky a Friemda
7
pay the higher income tax
rate applicable then.
One way to get that profit
in cash but at the lower tax , I
rate was short selling. The..-
owner of 10 shares of a cer- |
tain stock could borrow HL -1
shares of the same stock and
sell it short.
Then this month he covered. ..I
this loan by delivering the 18
shares he already owned. He—l
got his profit by selling short „ .
at last year’s prices. For in-
come tax purposes the profit
wasn’t recorded until he dis- I
posed of the 10 shares he al-
ready owned by covering his „’ I
short position. So 1965’s lower |
tax rates apply.__________ — ]
will travel to the Thames. In’
the shadow of the tower •
Churchill’s coffin will be put.....
aboard a barge to travel up
river to a pier near Waterloo
Station. . .....
Here the public ceremonial -
ends. The family will join the....
coffin on a private train and
Churchill will be buried near ...
his parents in a village
churchyard in the heart of
England.
Parliament was called to-
gether this afternoon to hear
political leaders’ tributes to.
Churchill and give formal ap-
proval to Queen Elizabeth’s- —
request that the funeral be
made a state occasion. - j
This approval is automatic.
It is technically necessary
since the funeral will involve::
some governmental expense. .....
The end was announced in^..
a terse bulletin signed by his
physician and lifelong friend, ’ ;
Lord Moran. At his bedside -
were Lady Churchill, his son,
and his two daughters. -
By Roy Crane •
6:80 Password
7 :00 Have Gun Will Travel
7:30 Red Skelton
8:30 Petticoat Junction
5* 00 The Doctors and Th» Nurses
1o :00 News Do«l«M»n.
10 25 Weather Griffin
10 45 The Latest Show
12:00 Went her Final
12 :05 Vespers
4 i
■ i •
1,
7:00 T B. Ab
7:30 McHale’* Navy
9 :00 Tycoon
8:30 TW8
10:00 News
10:15 Radar Report
10:25 Sport* Highlights
10:45 Thriller
12.: 00 Tomorrow s Headlines -
12:05 Sign Off
KMA-TV - CHANNEL 12
Texarkana - Shreveport
MONDAY
5:80 CBS News -Cronkite
6200 New* --Owen
8:26 Weather- Bolton
8:80 To Tell The Truth
7:00 I ve Got A Secret
7:80 Andy Griffith
8 :00 Lucy Show
9:00 entenary Choir
9:30 Ask The Manager
10 :00 New* Dodson
10:25 Weather__Griffin
10:30 The Late Movie
"Younger Brother”
12:00 Weather Final
12 :05 V espers
TUESDAY
By HAL BOYLE
NEW YORK ( — Curb-
stone comments of a Pave-
ment Plato:
Man has always yearned
for a Utopia on earth — whe-
ther he deserves one or not.
The inauguration of Lyndon
Baines Johnson as 36th Presi-
dent of the United States puts
into motion one of the great-
est drives in history in this
direction — the achievement
of what he has called the
"Great Society.”
Some of his countrymen ca-
vil at the term. They, think
it grandiose — in effect, no
more than another political
slogan.
But it is hard to see why
becoming a “Great Society’’
should be less than the Ame-
rican goal Surely in the long
dark narrative of the human
race, no other major power
has been in a better position
to make a better human so-
ciety, a more livable environ-
ment.
We have the resources and
the skills to house our people
satisfactorily, to feel them
well, to improve their health
and to educate them to a high-
er level. We have the ability
to do all this—if we but have
the will.
Some 2,500 years ago a
Chinese philosopher named
ri
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10. Enclosure
11. Social
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14. Poem
15 Snoop
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31. Unit of
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close
s4chtnese e
Three Stooges,
Laurel A Hardey and
Leave It to Benver
E:30 Huntley-Brinkley Report
8 :00 Newscope i focal •
8:10 Newacope (Weather)
6:15 Ark-La-Tex Round-Up
5 30 Huntley-Brinkley Revort
6:00 Newacope (Loraly,- Dave
MeClellan
Moore A George Dobon
6:30 Mr Novak
7 M The Man From U NC L A.
8:30 That Was the Week That
Was
8 :®W The French Revolutin
10:00 Newwape Dave MeClelland
A Vern Stierman
10:15 Tonight Show
12:00 Evening Devotional
KLTV — CHANNEL 7
TYLER, TEXAS •
MONDAY
4 to Hoppuy Hopper
4 to Yog Beer
• to Huntie Brinkley Report
• to Radar Report
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Mt. Pleasant Times (Mount Pleasant, Tex.), Vol. 45, No. 231, Ed. 1 Monday, January 25, 1965, newspaper, January 25, 1965; Mount Pleasant, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1613512/m1/4/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Mount Pleasant Public Library.