I
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
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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.
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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
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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'
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tuww i u-i- i .. a
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C 50 YOU "SI (
HAVE AM II
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v went? y I I
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WARDEN ONCE BUT
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TOSHOWMIM-i
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' 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
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LATE IN THE ,t Y iJ SX;-J '
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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