The news-review. (Roseburg, Or.) 1948-1994, September 21, 1959, Image 11

Historic Oregon Newspapers

The news-review., September 21, 1959, Image 11

Image provided by: University of Oregon Libraries; Eugene, OR

About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Sept. 21, 1959)

Prev Page of 14 Next Prev Issue Next Text PDF JP2 (2.6 MB) Clip/Print Image

Return to Top

Prev Page of 14 Next Prev Issue Next

Newspaper Page TextI Portland Pair Buy KLAMATH FALLS (AP) Crater Lake Lodge and other pub lic accomodations at the national park haf been sold. The price was not disclosed. Park Sunt. Tom William. t the National Park Service had ap proved the sale of Crater I ake National Park Co. by H. C. Smilh and Harry W. Smith to James M Griffin and Ralph 0. Peyton, both of Portland. The company operates the lodge, cabins, cafeteria, store and boats! Wall Street Bull In Midst Of Slump, Due To Cold War, Tight Money, Steel Strike IT'S TIME FOR ELECTRIC HEAT CALL US RIDENOUR ELECTRIC Also WATIR HEATERS TAPPAN RANGES Raionabl Rotef Ucnied Contracting PHONE OF 3-7303 By SAM DAWSON AP Busintti Nws Analyst NEW YORK (AP) Is Wall Street's 10-ycar-old bull suffering from senility? Or is he just restinu under a buttonwood tree till the current business uncertainties are cleared up? The bull market has had a rough time of it since early Au gust. Stock traders are nervous and many of the nation's 12 mil lion stockholders have seen some of their paper profits trimmed. There have been other slippery periods like the last seven weeks since the hull market got under way in 1949. And each time it has regained its feet and climbed higher. So the bullish minded say it will gain, as soon as the uncer tainties are fathomed. Vital Question Posed These are: How long the sleel strike will last and how much damage it will do; Whether the cold war will thaw and defense spending be cut and taxes, too; Whether tight money will slow down business expansion and con sumer spending. DON'T MAKE A MOVE 'TIL YOU SEE FLEGEL Phone ORchard 3-4436 FOR Household Moving - Storage HEAVY HAULING MOBILE CRANE - WAREHOUSE FLEGEL Transfer & Storage Co; Roseburg, Oregon Al Flegel, Owner Clilf Broifield, Mgr. Agenr BEKINS VAN LINES SAL ,E NEW - JUST COMPLETED 3-BEDR00M HOUSE In Roseburg's Finest- Residential District 5 blocks from Safeway Store Fireplace Electric Heat Insulated Hardwood Floors Carport PASSES FHA CORNER TERRACE and RESERVOIR "' Off Southeast Lane Contact BUILDERS at 2485 NE Diamond Lake Boulevard or at 437 NE Nash Phone OR 3-3368 i The bulls think business activity will spurt with the end of the strike. They think corporate earn i ins will increase in the tinal months of the year and dividends push up to record highs. I The bears and they are numer ous if less vocal aren't so sure. ! They think the important thing I is what kind of a steel strike sel I tlement and when and the after I effects on business and prices. I They think the recovery from the recession was topping out ev I en before the strike. Cold War Major Factor They think the official tight money policy is sure to put a brake on economic growth and hence on earnings. They hold that the tight money policy may halt further inflation and thus cut the ground out from under those who advocate common stocks as a hedse against it. And they think cold war ten sions will keep everyone guessing for a long time yet. But their chief argument is the price of stocks themselves. Bears hold that some stocks have neen I hid up so high that it will be a long time netore ine companies can earn enough to justify them. The cautious point to the yields of stocks as compared to bonds. They note that when the bull mar ket started in 1949 top grade com mon stocks were yielding 7 per cent on average and now only 3 per cent. (Yield means the return in dividends you get on the amount money you spend for a stock.) In 1 the same period the yield of top grade corporate bonds went from 2 7 per cent to 5 per cent. Some government bonds can be bought at prices that yield 5 per cent on the money. This makes bonds look better than stocks to many investors. What Score Reveals Whether the bulls or the hears are right, here is the box score on i what has been hapepning to stock prices: ! On August 3 the Associated Press price index of 60 common I stocks reached a record 'ii?h of 1 235.8. Last Friday it closed at 1 21". 4. This wasn't much above Ine 215.8 at which it started the year (a record at that time, too). ! The 30 industrial stocks in the index touched a record !iigh of 355.6. also on August 3, and closed Friday at 325.7. compared with 313.9 "at the start of the year. The 15 rails hit their peak July 8 at 147.6 and Friday were 129 4. well below 138.7 at the start of the year. The 15 utilities started at 96, made their peak of 102.6 Ap ril 20 and closed Friday at 94.5. The Dow - Jones averages hit I their peaks at relatively the same I times as the AP index and have slipped in like proportion. 23 Riddle Scouts Visit Guuriz Mountain FROM NINE TO FIVE Jackson County Pear Crop Heavily Damaged MEDFORD (AP) The Jack son County Cornice pear crop suffered considerable damage in a wind storm Thursday night and Friday morning. Don Berry, the county s Horticultural agent, saw. Berry said the most serious damage was in Orchards on the east side of the valley from Med ford to Ashland, where carnage ranged from 10 to 20 per eeni as wind knocked pears to the ground and bruised them. PenneyB FOR 5 DAYS, STARTING TOMORROW, TUES. thru SAT. Get a Beautiful 5x7" Picture of Your Baby 9 -PIN-UPS AGE LIMIT 5 YEARS One or two children in any one family will be photograph ed singly at 49c each for the first pic ture. Each addition al child under five, $1.50 for the first picture. Choos any en of several completely finished photographs ... all In different poses . f or only A9(. You will not be urged to buy, but If you wish you can buy the remaining photographs at only 1 .55 for the first, $1 for the 2nd and 95 ( for any additional pictures bought In the store. HERE'S ALL YOU DO: Juit brinf your hiby to Penney'i tomorrow, . thru Saturday An expert photocrapber will ukg several pictures vitb an aotoma'lr peed camera, no-glire lights. Yon will be notified when your picture ire retiM ' By ERMA BEST I parents. Mr. and Mrs Scoutmaster D. W. Anderson and , fnh of Klamath Fall 23 boys of Kiddle Boy Scout lump' 36 were guests recently of li Kannclls at his Quartz Mountain Mine. Rannclls took the boys to the tp of (juartz Mountain to the old look out, where they viewed the sur rounding countrv from an cita tion of 5.530 foot. The boys ex plored many caves. Scoutmaster Perry Green of Oakland assisted Scoutmaster An derson on the trip. Camping with, the bovs were Willard Preston. I Kric Wilson and the Rev. lonra.l Hhoads of the Riddle Baptist Church. Riddle Bethel 39. Job's Daugh ters, held its first fall meeting re cently with honored Queen Dixie Howes presiding. Delayne Franklin was elected junior pripcess to replace Jackie Cole, who moved to San Jose. Calif., during the summer. Sara Preston, bethel 39, grand hethel senior custodian, attended the re ception in Independence for grand officers and grand bethel officers A picnic and swimming party for Grand Bethel officers followed the reception. The girls were guests of Bethel 35 members, Salem. Mrs. Bertha Reischert, mother of Mrs. John Mills-Price, arrived last week from Duisburg, C,?r many, to make her home in Rid dle. Mrs. Reischert flew fiom Co logne to New York, going from there to Jacksonville. Fal., where she visited members of Mills Price's familv before coming west. Mr. and .Mrs. W. B. Barlow lett this week for their home in Tali hina, Okla., following a month's visit here with their son, Howard J. Barlow, and family. Police officer Leo Wilborn has returned from Seaside, Calif., where lie was called last week.hy the death of his mother, Mrs. C. W. Wilborn. Guests last week of Mr. and Mrs. Clyde Cockrcll were former Rid dle residents, Mr. and Mrs. Robert Cockrcll and four children of Oak dale, Calif. The mon are brothers. Mr. and Mrs. Austin spent part of last week attending the state fair in Salem, and also visited in Silverton with Wilson's sister-in-law, Mrs. Carl Wilson, and daugh ter, Martha, before returning i home. While at the fairgrounds iney met Mr. anti Mrs. i.ce ctus forth. early-day Riddle residents now living in Portland. From the Cutsforths they learned of the re cent death in Albany of another pioneer Riddle resident, George Rhodes. Mrs. Stanley Keelc has telurned from a trip to California with her sister. Mrs. Chester T r a s k uf Bremerton, Wash. They visited in Concord with a brother, John Car rick, and family, and at Hunter's Point where Mrs. Trask's son, Rob ert, is stationed on the Naval Air craft Carrier Ranger. They also spent some time in San Francisco during the two weeks they were gone. Mrs. Russell Weimer and grand daughter, K e v e n Dehlinger of Klamath tails, left by plane re cently for Oberlin, Kan., where they will visit for 10 days with Mrs. Weimer's mother, Mrs. Ev erett Smith, and other relatives. Keven's parents. Mr. and Mrs. Sam Dehlinger, brought her over. Mrs. Dehlinger is remaining with ner lather until the travelers re turn. Mr. and Mrs. C. II. Travis of San Gabriel. Calif., were recent guests of the former's brother, Rob ert Travis, and family. Mr. and Mrs. Gerald Myers were in Riddle this week visiting Mrs. Myers' parents, Mr. and Mrs. Darrell Carter. The Myers live in Moscow, Idaho, where he at tends the university and she is employed in a bank. Mrs. Ralph Carter and daughter. Susan, left this week for Corval lis, where Mrs. Carter is employed as Oregon State college campus nurse, and her husband is a stu dent. The family spent the sum mer with his parents, the Darrell Carters. Mr. and Mrs. Charles Eckles (Chrissie Dayton) of Oakland, Calif., visited in Riddle with Ihe latter's uncle and aunt, Mr. and Mrs. Harry Ilaytnn, while en route to Eugene, where Mrs. Eck les is a senior at the University of Oregon. Mrs. Donald Pinkston has re turned from a trip to Ritzvillc. Wash., was accompanied by her J. R. Gnf- in-law and daughter. Mr. and Mrs. ind sister. ; Frank Jameson of Tulelake. Calif. Mis. Albert Haines of Eugene. Alt- V isitors last week of Mr. and or visiting relatives in Ritzvillc. Mrs. Willard Preston were Mr. and they made stops in Spokane. Yak-;. Mis. Al Biggs of Pomona. Calif, una. and other Washington citi.'s. i and Mr. and Mrs. W. K. Jennings Fred Blundcll of Myrtle Point of Ventura. Calif stopped for a brief visit recently! Mr. and Mrs. Mark Forrest of at the home of his brother. K. P. ! Venmnia isitcd this week al Ihe Blundcll, en route to Klamath home of Mr. and Mrs. Roy Kan Falls to visit a daughter, Mis. uclls. Lester Porlerfield. and lainily. Mr. and Mrs Eli V iew of Port- Past weekend guests of Mr. and land were guests last week of -Mrs. Mrs. W. K. Best were their son-1 Glenn Willis. By Jo Fischer mj L II Eisenhower Plays Rapid 18 Holes GETTYSBURG. Pa. (AP) -President Eisenhower played a fast 18 holes of golf today in crisp, sunny weather. The President toured the Gettys burg Country Club course in an hour and 55 minutes, riding most of the way in an electric cart. Eisenhower, spending a long weekend at his farm home, played with GeorKe E. Allen. Washington businessman who has a country place near the President's. The President was in a jovial mood. He arrived from Washing ton at noon Thursday for a rest between rounds of talks with So viet Premier Nikita Khrushchev. They will resume conferences next weekend. SIGN PAINTING IMMEDIATE SERVICE CALL OR 3-5255 "I was supposed to start work here today but I want you to fire mc. I've found a better job." Mon., Sept. 21, 1959 The News-Review, Roseburg, Ore. 11 The Crossword Puzzle For Today Travel Talk ACROSS 1 Maine h.n bor 4 Dutch city 8 Naimii 12 v'u.vlmi. ; Monster lti Fundus ri'iiw in 18 V.mr animals INI Imi.tblc' L' 1 Tire C FiUiicr 2 Destroy "ti .limine)' 27 Cut 3i KstiT KI.it koy 34 Kind of window ?S GonbtT 3ti Defeated at hnrliit? .17 t,me od 3D Throw 41) Western stale 41 Kavorite 42 Sheriff's men 4S Kopeat 4!t Put beiwren 51 Free nation (ab.) 52 Foreteller 53 Travel by boat 54 Undent 55 Vipers 5i Taems 57 Ei.iers (ab.) DOWN 1 Tuber 2 Continent Answer to Previous Puzzle 3 Xrfud a v.. .id-) 4 Kind of I., le ft Iiu.sijii n.inie 6 Huhlvr 7 i; ii: t.-.i 8 K.i'.hrr 9 Selves 1" I'l.int pa?-t 11 N..t I'UuMne 17 1t.:sian plain ?RR'.ini n 4? Tt.tli.in city 111 Shine 2!) Moistens 4:1 Numbers LM. Straws a 1 Sway 44 I'ace Jl Kisiiiru; g.-ar Hit T.miir-r 46 fhint-se city ".itVntmy plant US Mtdwestcrner 47 Hussian ruler Vtil.and (Latin) 4(Kmpltiyers 48 Consitnips 117 Monsters 41 Tares 50 Greek letter I 1 ? o i 13 9 1:0 i EZZ 1 :s m i$T: 111 ELSE p , 1 m! Vf 1 I 1 I hill "7 If Your Paper Has Not Arrived By 6:15 P.M. Dial OR 2-3321 Between 6 & 7 P.M. I If WELlA f GOOD! I'MI J WWAT KIND OF N U A O'CLOCK1 1 N P - VTHEY J VPROUD OF J AM AGREEMENT AFTER SCWOOL.l vou JUST JMEM.' y giVZUwAS ITT BEHIND THE y K KNOWS r CAME Y V SAV-ftl A 7 OLD ICE r- ' f THAT BOY iCJfc 1 ft TO AN 1 ChoUSeV -N , carlyle's J 11 asreeA (, T- i r W Zmmwlfli ALWAYS ilal 7 MEMT J TW . rrn JSkf r F W'ilk' RWU IV N0M6EU9, COeeKl THESES I I HE SMP IT WOUIP V SO VOU KE-EP I IS LITTL6 TIME LEFT TO PR6PARB I55 6H6 WON'T n Tli--il-AJrnU WOTHINa 6EWND VOU'. IT ALL FOLLOW VOU TIU HE SfkVWjl WELL, 6URKS FOU Z6 TASKI SHE WU5T MX I OLGAl I'M rl VINVOUKMUPPLEOHMWP...PLANTEP REWOVEP A PO&T- WAV8EICAN6Ef FAIL TO OBEY VOUR P05T-HVPM0T1C SUKS SUES I VT - ... VTHfesw BY THAT HVPW0TIST1 -e HYPNOTIC SUGGESTION, IT OF WV WIMP 5U60ESTI0M TO MEET U T0WJRK0W!A PS0FOUNP ' HT BLCK; V Irr-rr-i OR SOME SUCH R0T1 WITH THAT UTT -m,:-, jbh(1!m ,Z mfCX SOMUHS'. E&FRouALpy hpff a ' p'ppiJM i zr 1 CANT STAND THE SI6HT OF FRKKLfS' LW - SIGHTLY JALOPy AMV , LCW6ER. I HERE.' GET youp. CAP A NBW PAINT" JO&VuJrW' I'LL HAVE 'EM REALLY GIVE IT. k THE WORKS (eeoMi) I STILL oWr swo 1 Ygbcm) I STILL CANT SWND i J ti r X f 6 BAfTOI859 YOU "SENSE LfcTTIN' OO? AMP I HAVE PECIPEP S AN LOOK I ARE: A A MILLION GO WE CAN REi OVER THE fiOLDV FOR II.' s-?.n-.S HE LOST IN THE AKk.AKIf.A3 "--, RIVER ra.r s :..:.t-j TO VVAdlE? j ESPECIALLY WHEN lYES...BuriN THE I K-l ,, WE NEEP IT TO MEANTIME, WWAT " I 1 i.W MEET EXPENSES AM I SUPPOSED fed . 1 HERE IN THE TO DO ABOUT II ! t LABORATORY V HIM? a. ' HOLD IT, V AM BOSTER.'.' I V7ANTS WHEP A TO SEE DO YOU f TM' K TMINK ( PREZY- ) tuww i u-i- i .. a rV-llkk-i-? J v . r' C 50 YOU "SI ( HAVE AM II I APPOINT- v went? y I I AM WERE UP PO'OWl" WARDEN ONCE BUT iW-M DIDN'T GIT J APPOINTED.'.' AM 1 MERELY WANTED J TOSHOWMIM-i 'e v.i 'TUPSF'" AU TWIMKC 'THEYRE AROUNDL AGIN.'.' (RUSH HIM THROUGH. r.f . ItLLIHAI IMNtJ.IHAI bHAM, ' AND THOSE PRIME WNISTEftSy TUCV'XP VTTTAUAlT" ilii.. MIimii" I IT TAKES YOU TOO LONG )i' ' v fl TO LATHER YOUR FACE-) THE REASON rl?r---r r YOURELWAyS) lr'K iiLc -0 -V? LATE IN THE ,t Y iJ SX;-J ' MORMINGSlSp lt-f KL JfJ A'v' YOU WASTE ? JV 1 : TOO MUCH TIME) fC fSv?v?' shaving :- irfV' NOXW TAKE FAST WITH THE . '' RA7QO-- J . ' ril C SEE -NOW YOU HAVE . PLENTY OF TIMETO fir CATCH YOUR BUS J,",it; 1