THE MICHIGAN DAILY Friday, August 30, 1 968 ----------------------- . J --, a .F DAILY OFFICIAL BULLETIN (Continued from Page 5) dball - All courts CLOSEDfor .sing; open on September 3rd. In Gymnasium - CLOSED for re- lng; open on September 12th. ker Rental - Main officeopen ay through Friday, 8:00 a.m. - .m. FEES: Students, $7.00 for two sters; Faculty, $9.00 per year; ty Squash and Tennis Club, per year: Weightlifting Club, per year; Boxing, Judo and Ka- lubs, $7.00 per year; Daily Locker 1, $.25 per day. letic Managers' Meetings - ALL ags in Room 3A, Michigan Union. thletic Managers must attend respective meeting. Fraternity on - Wednesday, Sept. 4th, 7:30 [ndependent Division - Wednes- 'ept. 4th, 8:45 p.m. Residence Halls on - Thursday, Sept. 5th, 7:30 Graduate Division - Thursday,. 5th, 8:45 p.m. tball Tournament - All-Campus ty-Student Fast Pitch tourna- Entry fee $5.00; all entries close ay, Sept. 3rd at 5:00 p.m.; entries d to a maximum of 64 teams. a begin Wednesday, Sept. 4th; tries guaranteed to play a mini- mum of two games; trophies will be awarded. Co-Recreational Activity - for stu- dents, coeds, faculty and their wives; Friday 7:30 - 10:00 p m.Swimming, gymnastics and other activities as faci- lities are available. For Additional Information - call 663,4181 or 663-4182. The office is open during all regular building hours. TV Center programs: On Sunday, Sept. 1 the following programs pro- duced by the TV Center will have their initial telecast in Detroit: 11:00 A.M., WJBK TV, Channel 2, "Ars Moriendi: The Art of Dying. A medieval portrait of death as found in paintings, wood- cuts and writings of medieval times. 12:00 Noon WWJ TV, Channel 4: "In- Out-Roundabout: ePople in the City." Residents of a Detroit inner city com- munity te of their struggle to restore their neighborhood themselves rather than abandon it to urban renewal by outsiders. History Department lecture. Professor Arie N. J. den Hollander of the Uni- versity of Amsterdam, will lecture on "Cultural Diversity and the Mind of the Scholar Tuesday, September 3, 8:00 p.m. in the West Conference Room of the Rackham Building. Center for Russian andgEast Euro- pean Studies Panel Discussion: "The Invasion of Czechoslovakia",' William B. Ballis, Professor of Political Science, Moderator; Zvi Gitelman, Assistant Pro- fessor of Political Science, Ladislav Matejka, Professor of Slavic Lang. and Lit., and William Zimmerman IV, Asst. Prof .of. Political Science, panelists: Auditorium B, Angell Hall, Wednesday, September 4, 4:10 p.m. Ceeb Tests: The College Entrance Examination Board Tests in French, German, Russian, and Spanish will be given September 4th, 7:00 p.m. in the Natural Science Auditorimu. Graduate students as well as seniors contem- plating graduate study at the Uni- versity of Michigan who have previous foreign langyage experience are urged to take these examinations toward satisfying any type of doctoral lang- uage requirements. Results may pro- vide (a) immediate completion of re- quirement, or (b) advanced placement toward completion. No advanced regis- tration; no cost to student; results posted by roster in \Rackham Building Lobby 48, hours after test administra- tion. Individual scores are not released. Doctoral Examinations Doctorial Examination _for: Daniel Mufson, Pharmaceutical Chemistry, Dissertation: "Investigations of Surface Properties of Cholesterol Particles in Aqueous Dispersions, on Friday, Aug- ust 30 at 10 a.m. in Conference Room of Pharmacy Research, Chairman: W. L. Higuchi. Doctoral Examination for: Edward Roy Sims, Music, Dissertation: "The History o fthe Music Department of the Indiana University of Pennsylvania and! Its Contributions to'Music Education," on Friday, August 30 at 10:30 a.m. In, Room 2277 School of Music, Chairman: A. P. Britton Doctoral Examination for: Richard Jacob Smethurst, History, Dissertation: "The Social Basis for Japanese Militar- ism : TheCase of the Imperial Military Reserve Association," on Friday, August 30 at 11 a.m. inFRoom 3609 Haven Hall, Chairman: R. F. Hackett. Doctarol Examination for: Samuel Becker Grant, Jr., Near Eastern Lang- uages & Literatures, Dissertation: Mo- dern Egypt and the New (Turco- Egyptian) Aristocracy," on Friday, Aug- ust 30 at 2 p.m. in Room 201 Gunn Building, 506 East Liberty, Co-Chair- men: T. M. LeGassick and Richard Mitchell. Doctoral Examination for: August Llewellyn Burgett, Information & Con- trol Engineering, Dissertation: "A Study of Human Operator Performance. Using Regression Analysis," on Friday, August 30 at 3:30 p.m. in Room 1072 East Engineering, Co-Chairmen: L. E. Fogarty, R. M. Howe. Placement BUREAU OF APPOINTMENTS ...3200. SAB... GENERAL DIVISION December and Spring Graduates: Placement services are available to anyone with 12 or more hours at U of M. Hours of the Office are 8:30 -12 & 1:30 - 4:30 M-F. 3200 S.A.B. Services include Career Counseling, Teacher Placement, Govn't Career In- formation and application procedures, Summer Placement Service, a n d Careers in Business and Industry, _.-____ sl Recruiting on campus by representa- tives of the above throughout the U.S. is done in the fall and spring. You must give us your current address this and every semester to receive weekly recruiting date listings. Employers ex- pect to see information on inter- viewees, therefore we require at least avita sheet, on our forms for dupli- cation, from you. The advantages of registering completely, however, are much greater. Registration Meeting for be held Sept. 17 at 3: and 4: PM, Angell information on all these matters will Hall. If you miss these meetings come to 3200 S.A.B. Positions received con- tinually by mail and phone are listed in this D.O.B. under "Current Posi- tions." Watch this column for all placement notices. Current Position Openings received by General Division by mail and phone, please call 764-7460 for further information: B. F. Goodrich, Akron; Ohio: Engrg. for Aztran dev., textile, tire dynamics, wheel and brake, product dev., Che. and BS/MS chem, organ, Phys, and Anal., Syst. Anal. Air Pollution. Non technical openings in editing, acctg., sales, bying. State of Vermont: Auditor, BA plus 3 yrs. Program Anal, BA plus 3 yrs. RTsearch Spec., BA plus 4 yrs EDP. Chief of Treatment and training, MS Psych plus 5 yrs admin. Probation and Parole Officer, BS and 2 yrs. Asst. Supv. of Arts and Crafts, BA plus 3 yrs. Edwards, Klein and Compton, Oron- ton, Ohio: Librarian for Briggs Law- rencePublic Library. MALS for libr. housing 180,000 volumes, and serving the branch university as well as public. Blue 'Ridge Community College, Weyers Cave, Virginia: Head librarian, prefer man, MALS with some exper- ience for new community college. Lib- rarian needed also. WolverinegWorld Wide, Inc., Rock- ford, Michigan: Manufacturing of shoes, and leather tanners seel. Plant Engineerand Project Engineer, for new construction, additions, changes in manufacturing and physical plant, ME degree and experience req. also Indus- trial Engineer for time study, MTM system,' major day work and projects, ME, exper not mandatory. ' Bixby-Zimmer Engineering Company, Galesburg, Illinois: Mechanical en- gineers (2) who are Canadian citizens, and one of whom is of French. bckrnd, speaking rFench and Engl. interchang- ably, for placement in the future in new plant to be in Canada. Trng. of approx. 1 year, leading to executive positions. Planned Parenthood, Detroit, Michi- gan: Administrative Asst. for" duties under supervisor to implement and evaluate existing programs, BA/BS, in- terest in humanities, no specific exper req. ENGINEERING PLACEMENT SERVICE 128 H, West Engrg. Bldg. Engineers: For full placement serv- ice your "College Interview Form" must be on file by Friday, Aug. 30. If you expect to interview, obtain form immediately from Engineering Place- ment Service, 128 H, West Engrg. Bldg. Lose Something? Find it with a Daily Classified NEW YORK OP) - R e c e n t government moves against the misuse for profit of corporate inside information indicates the government is getting awfullyf tough to work with or that things are really bad in Wall Street. It could be both. Inside information, broadly speaking, is private knowledge of corporate affairs that s h o u 1d be public knowledge. Generally it is information which enables a trader to buy or sell in advance of a major change in stock prices. The classic case involves Texas Gulf Sulphur Co. Knowledge of a big metal ore strike in Ontario, the Securities and Exchange Com- mission claims, enabled corporate officials and friends to make a stock market killing a few years ago. But there have been other less publicized charges against insiders and there is little doubt that what reaches the surface is only a part of the picture. The use of inside information is not an uncommon practice in: the securities business. In fact, such information is the goal of securities analysts and the man-1 agers of today's big mutual funds, among others. In fact, there is a stock market theory that the little guy is al- ways wrong - that the time for the professionals to sell is when the little guy is getting worked up about buying - that might be at least partially based in how ill- informed or belatedly informed the little guy is.' Now the rules are changing, and the SEC is shouting it out: Cor- porate information that involves the fortunes of publicly held com- panies should be made available to all shareholders, not to a priv- ileged few. The SEC maintains that Merril Lynch, Pierce, Fenner & Smith, D. New York brokerage firm, ob- tained information through a privileged position with Douglas Aircraft Co. that the firm's earn- ings were going to be less than had been forecast. The brokerage house, the SEC said, passed on this information to some of its biggest customers and enabled them to sell before the knowledge became wide- spread. In (addition, it continued to accept orders for the stock PROFIT ADVANTAGES: Government raps Wall Street for use of inside infrain *t Te: gg5 Inc. Downtown Honda from other customers, the SEC said. Merrill Lynch says it is inns. cent of the charges. Should these charges be proved by the SEC in a highly publicized case the result could be shattering to the confidence of the nation's 24 million investors. But benefits could accrue also If privilege is eliminated. Merrill Lynch isn't just another broker. It is everyone's firm'i and its 1.1 million customers may be found almost everywhere. Its in- fluence is widespread; its repu- tation shines; its name, in fact, is a household word. It is regarded equally high1f in. the execu'tive su'ite, for Mer- rill Lynch recommendations about a stock's value, and its ability to sell the shares of corporations, has helped build some of America's in- dustrial giants. So. large and pow- erful is it that it has been called "The Thundering Herd." The New York Stock Exchange Guide lists 172 officers for the firm, not just in large cities throughout the country but in some suburbs as well; not just in the United States but in cities such as Cannes, France and, Tokyo. The case is bound to raise doubts about the habits and methods of brokers, for Merrill Lynch has long held a very spec- ial position in the investment world. It has a reputation for en- couraging and instructing small, investors. The SEC accusations strike directly at this relationship, claiming that Merrill Lynch per- mitted large institutions to trade on inside information while withholding it from the rank and file. This most recent case by the SEC also brings up questions re- garding the size, power and influ- ence of institutions such as bil- lion-dollar mutual funds. In the performance game, which requires that a fund: always try to show at any onetime bet- ter percentage gains than its neighbor, the quest for.informa- tion, perhaps even inside Informa- tion, is part of the battle. It brings up the question also of the close association of corpo- rate executives and large pur- chasers of the firm's ,stock. In this day of acquisitions it is ne- cessary to keep high the price of shares, and one way to do this is to court the big funds. What is it that the corporate executives tell the funds that the funds shouldn't already know through the regular public in-A formation channels? ORGAN IZATION NOTICES Use of this . column for announce- ments is available to officially recog- nized and registered=student=organiza- tions only. Forms are available in% Little card. Big convenience. There's one reserved for you. Pick it up today- HONDA HEADQUARTERS Immediate Delivery Wenk Sales and Service, Inc.° 310 E. Washington 665-8637 1112 South University I -7 v.,:,..:,: M.:.w.:::.........._ .............. UNION - LEAGUE- presents i/ STARTS TOMORROW Watch for These Exciting Events: {f 8:00 P.M.-FREAK-OUT ON STATE STREET Take a free trip to the beat of the charging Rhinocerous of Soul Band, 9 P.M. to 12 Midnight. Co-sponsored with the State Street merchants. SATURDAY, AUGUST 31 1:00 A.M.-AUTO AND CYCLE ROAD RALLIES MOTORCYCLE entrance fee: $1.00 per cycle and free'for members of the Ann Arbor Motorcycle Association. Co-sponsored with the A.A.M.A. AUTOMOBILE entrance fee. $1.25 per car. Each car must have a navigator and a driver. 8:30 P.M.-JUDY COLLINS IN CONCERT HILL AUDITOR.IUM. Ticket prices: $2.00, $2.50, $3.00 at Hill Auditorium and at the LSD Depot. Good seats still available. SUNDAY, SEPTEMBER 1C 2:00 P.M.-THE KING AND HIS COURT Advance ticket prices are $1.25 for adults and $.75 for students and.are available at the LSD Depot. At the UM Baseball Sta- dium. Adults, $1.50; students, $1.00; children 8 and under, free. 8:00 P.M.-HOOT!' Sing on the grass until your mind's.content. Hootenany on Palmer Field. Bring your guitars. MONDAY, SEPTEMBER 2 1:00 P.M.-LA Y-/N ON PALMER FIELD Catch the sun's rays, live band for your listening and dancing enjoyment. 9:00 P.M.-OUTDOOR MOVIE CEE' IlPD TH1E YUMY U VilM TDEE with Inr I- I ammnn nnA PA; Afm Ai n An e mt d+ +lr AAn-theM Rhinnn ,ehnll C+nriAhm \ Gurgle Water from Lake Superior gushed into the newly-completed Poe Lock, in the Sault Ste. Marie Locks complex yesterday. The $40 million super-lock is 400 feet longer than the the other Sault Locks and is expected to lead to a new breed of ore freighters, capable of carrying more than 40,000 tons of iron ore. Make WAHR'S your headquarters for all your textbook and college supplies. SERVING U OF M STUDENTS SINCE 1883 The College Republicans are holding a picnic on September 1, Sunday at 1:00 P.M. All College Republicans are invited. If you need a .ride, sign up at 2535 S.A.B. Baha'i Student Group, Informal dis- cussion and social: "What is the Baha'i Faith?" Friday, August 30, 8:00 pm., 520 N. Ashley. All Welcome. Call 662- /4 rj r' I'r R 41 A 'I GUITAR STUDIO INSTRUMENTS ACCESSORIES LESSONS I nstruments MADE & REPAIRED 209 South State 1 J (upstairs) ,665-8001 nded by molt major manufacturers, appeared on or magazines and newspapers. Internationally known and recomnmen television, and featured in many ""a' LI ON 4 1 ATTENTION STUDENT WIVES: I THE UNIVERSITY OF MICHIGAN offers a wide selection of, excellent opportunities for full-time, permanent employment. Choose from a variety of interesting and rewarding positions including: " OFFICE (Secretarial-Clerical) " LIBRARY ASSISTANTS *'DATA PROCESSING (Tab, Key- punching, Programming Systems) " OCCUPATIONAL THERAPISTS * LABORATORY TECHNOLOGISTS These positions are in a variety of academic, re- search, patient care, and administrative units, lo- cated on the Central Campus, North Campus, Med- ical, Center and Willo~rw Run.' Salaries commensurate with education and exper- ience. Full fringe benefit program with wide op- i I :