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WAREHOUSE SALE and Italy for a Multinational Force to the 800-Man U.S

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WAREHOUSE SALE and Italy for a Multinational Force to the 800-Man U.S P.m t».F tCg-gaccgygTK ?S 24 - MANrHESTER HERALD, Wed- Aug. 18, 1962 i Central "assets accounts not for everyone By Qary Klott |rius up to the "margin” loan value president of the Illinois Co., a Chicago-based brokerage house, UPl business Writer 6f securities in the account. With a current federal margin requirement says one should be aware that Idle NEW YORK — Probably the of SO percent on stocks, someone cash in the account is not necessari­ hottest {inancial product on Wall with 1^,000 worth of stocks in his ly placed into an .interest-earning Street.these days is Merrill Lynch’s account, can borrow up to 410,000. position daily. And that, he says, can Cash Management Account and the cost you money. BUT THE ACCOUNTS aren’t for variety of similar products offered TYPICALLY, uninvested cash by other brokerage firms. everyone. These embellidi the traditional Right off, p lot of people are dis­ amounts under $1,000 are "swept” Chance of rain qualified by the high minimums into money market funds once a brokerage account with Friday afternoon checkwriting privileges, a special required to open an account. Most w e^. i credit card, and money market require a minimum $20,000 in cash Financial planner James Batry, — Seie page 2 mutual funds. or securities, or a combination of president of Asset Management ’The CMA-type account is not that both. Corp. Of Boca Raton, Fla., warns new. Merrill Lynch Introduced it in ’The accounts make little sense for that an individual who places his 1977, but it’s only been within the someone who doesn’t plan on in­ assets into a CMA-type account may past year or two that its growth has vesting in stocks. With annual fees feel his options are limited to the exploded and with it the number of ranging up to $50 a year, there are kinds of Investment alternatives firms offering competing packages. less expensive ways for someone offered by the brokerage firm. who just wants to invest in a money Perhaps the biggest attraction for For example, he said, if rates on many is the link-up with money market fund. market funds. Cash from dividends, “It's not for everybody,” says Jim money market funds were to fall' and you wanted to switch your Israel OKs pullout; interest, securities sales and other Settel, senior vice president and sources does not just sit idle with director of marketing at Bache money to something else, the broker the broker while you figure out Hfalsey Stuart Shields Inc. which — with the prospect of making a brokerage commission — would Herald photo by Pinto where to invest next. ’The cash is offers the Bache Command Ac­ automatically invested in a money count. "It’s designed primarily as a likely try to talk you into buying fund where it can earn interest. muitlservice financial package for stocks. But he said there might be Hot dog! Another attraction is instant people who use a lot of different some other investnlent which would Lebanon seeks aid access to assets in the account and financial services and who are better suit your needs. “It’s okay as long as a person un­ nual family picnic. More hot dogs will be relatively substantial borrowing relatively active investors.” Steve Thornton, president of the Am­ ■ Brokers who don’t offer such ac­ derstands the game and understands available for chamber mernbers and their power by check and credit card. By Mel Laytner legionnaires was to leave Corsica the soldier and pilot would be bassadors Club, Is surrounded by hot dogs Typically, one can borrow instantly counts do, as might be expected, that he shouldn’t be coerced into families and friends at the picnic, scheduled things that don’t fit his needs,” United Press International later in the day. released soon. held by Anne Flint, president of the up to the amount of cash and money offer some criticism of them. The Israeli official also said Syria for Sunday from noon to 6 p.m. at Mt. Nebo. Andrew Neely, executive vice ' Barry said; “You wilt be the first ones to Manchester Chamber of Commerce; Mike market fund shares in the account Israel today approved U.S. envoy land,” French Defense Minister had been warned to prevent the OrlotwskI, Ambassador Club member; and For reservations, call the Chamber of Philip Habib’s plan for the evacua­ guerrillas from violating the cease­ Commerce at 646-2223. Charles Hernu told the legionnaires Hans Weiss, chairman of the club’s first an­ tion of Palestinian guerrillas from in Corsica. “Everything must be fire as the countdown for the west Beirut but said the withdrawal done to avoid mistakes and you, I evacuation began. AL SIEFFERTS... could not begin until a kidnapped count on you, legionnaires, to show At the same time, Israel released Israeli soldier and captured fighter off the mastery of French troops.” two injured Syrian prisoners of war, pilot were returned. who were flown to Cyprus on a Red High quality, premium prices In Beirut, the Lebanese Cabinet In Washington, the White HoUse Cross plane. simultaneously made a formal praised Habib’s “remarkable In south Beirut late Wednesday, request to the United States, France diplomatic achievement” and said an unidentified Israeli soldier fell WAREHOUSE SALE and Italy for a multinational force to the 800-man U.S. Marine peace­ into the hands of Palestinian enter west Beirut and supervise the keeping contingent would arrive in guerrillas at a lookout point near the build successful security firm withdrawal of Palestine Liberation Beirut about a week after the PLO Bourj alBarajne refugee camp Organization forces. evacuation began. Wednesday evening, the Israeli vices. in both industry and federal and Lebanese government sources In Jerusalem, Israeli Cabinet military command said. By LeRoy Pope This has paid off so well he says state government departments. SAVE UP TO 40% 0f F said the vanguard of the multi­ spokesman Dan Merridor said the "Another Israel Defense Force UPl Business Writer his sales gain has averaged 75 per­ He estimates a little more than national force, 350 French Foreign government approved Habib’s plan lookout saw the gang of terrorists cent annually for several years now. half of the security forces in the on selected models! Legion troops, would arrive Friday with several amendments that were take the soldier under threat of NEW YORK (UPl) ^ When Ran­ country now are contract. He said arms into the Bourj al-Barajne dy Brock was a student at That’s four times the growth rate of and be deployed in the Beirut port accepted by the American the security guard industry, which is the number of security guards has area and the first group of Palesti­ negotiator. neighborhood,” an army spokesman Middlebury College in Vermont he grown rapidly and now runs about LONG TERM took a summer job tracing un­ composed of four big national firms •DISPLAY SAMPLES nian guerrillas would leave Satur­ "Israel clarified its position that said. and up to 10,000 small regional and 300,000. Herald photos by Tarqulnlo day. the evacuation will not begin until Lebanese leaders postponed the returned books for the public library Brock International provides in­ BANK presidential election originally in Philadelphia, his home town. national companies. •SCRATCH OR DENT m A group of Foreign Legion we get back the captured, including Brock says he pays the highest vestigative crime prevention and paratroopers left Corsica aboard a the soldier who was kidnapped,” scheduled for today to choose a He kept the job three summers detection as well as guards and successor to President Elias Sarkis. and was quite a success at it. “I wages in the country for guards but FINANCING special airliner for Larnaca, Meridor said. has the most rigorous standards for Brock endeavors to give his people Color bears Cyprus, where they then will be But a senior Israeli official said The vote was set for Monday and brought books back to the library by full scope for advancement. His moved to a military barracks to en­ the carload,” he boasts. hiring them. He told United Press available transported to Beirut by French there was "good reason to believe, International some of the security executive vice president started warships. A second unit of 160 more than good reason to believe” sure security. But the important thing was that with him a guard and so did three of FREE«LOCAL DELIVERY It was a wet time at the annual on this job. Brock taught himself the guard business had given itself a bad Robertson pool color wars image by shabby recruiting prac­ his branch managers. art of investigating. He liked it so Despite his relatively high fees, he •REMOVAL OLD APPLIANCE water competition Wednesday. well that, when he went into the Ap- tices and low wages. 1983 Models “I won't have anything to do with says he has won a lot of his con­ •SERVICE J a c k ie L a M o n ta g n e antjl my, he asked to be assigned to the tracts on competitive bids and has Suzanne O'Oell, above, pass a Stock market spree military police, where he rose to the the retail store guard business for have arrivedi that reason,” he said, "Retailers been able to deliver more efficient TYPICAL BUYS... bucket of water; Donna Vogel; rank of captain. won’t pay for competent security service at lower cost than either in- right, does an aerial spilt, and After service in the United States house security forces or other con­ and in Vietnam, he settled down in people.” 13"* .
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