MEDFORD MAIL TRIBUNE, MEDFORD. OREGON, FRIDAY, APRIL 24, 1942.
PAGE SEVEN
Buy WithJudgment
Babson Alto Discusses Bank Stocks
Baltimore, Maryland, April 24. I am astounded by the way
people axe pouring into big retail storei to buy goods. Thus far
the sale in this city are 40 ahead of the same period for last
ar. I surely urge readers to keep their heads. With the excep.
tlon of metal, rubber, and a few other goods, stocks of merchan
dise unsold are still above last year. When this crazy buying
period is over, you may again see "Fire and Water-' sales and gen
eral mark-downs in order to move goods.
War WU1 End Soma Day
And Earnings Decline
Another thing: When spend
ing your money, spend it wise
ly. Buy things of permanent
value. Your husband will not
always bring home the fat envel
ope which he may now be get
ting from war work. Buy only
for cash. Lay up money for the
rainy days ahead which are
bound to come. Use both
"cents" and "sense" when buy
ing. There Is one sure forecast:
This is that the World war II
will end some time. It may run
for years or it may all be over
before 1P43. Moreover, when it
does end, the end will come sud
denly at an unexpected moment.
This means that some day we
are to see very different condi
tions than exist today. Let us
now reef our sails and prepare
for storms.
How Businessmen
Can Help U. S.
Businessmen ask me how
they can help win the war and
prepare for the peace that is to
follow. There are many ways
including the development of
character and the building up
of physical health. All can help
in civic affairs, talk hopefully,
trust those handling the war,
and be square-shooters.
But to merchants and other
businessmen who read this col
umn, let me say: As we are
trusting Washington to manage
the war, Washington is trusting
us to manage business. This is
our main job. Unless we at
tend to this, no one will do it.
We must not be like the shoe
maker whose own children went
barefooted.
Let's Ration Money
As War Effort
Men who have left their own
work to serve the government
are entitled to much credit.
They are making real sacrifices.
This includes those who are
serving part time without any
salary as rationers of tires and
other things. Their work is a
thankless task. It especially ap
plies to the soldiers who are at
the front or in training camps.
All of us, however, can help
win the war by spending wisely
and saving much. We do not
need an appointment from
Washington for this important
work. By thrifty habits in our
business and homes we are help
ing our boys at the front. But
let us remember that it is not
only tires, sugar, and other
commodities which need ration
ing. We should and must ration
money.
Consider Bank Stocks
As Good Investment
Those who owe money are
not the only ones who should
be thrifty. All of us should
store up reserves in order to
prepare for whatever may be
ahead. This means buying de
fense bonds and putting your
money in a bank. By the way.
there are two ways of "putting
your money in a bank."
One way to put your money
in a bank is to "deposit" it sub
ject to call; but this gives you
little or no interest. The other
way is to buy the stock of the
bank. Such stocks appear now
to be selling at bargain prices.
Consider the big New York City
banks for instance: Chemical
with book value of $40, selling
about 32, yielding 51; Bank
ers with book value of $44, sell
ing about 33, yielding 411:
Chase with book value of $33,
selling about 22, yielding 01;
Irving with book value of $21.
selling about 9, yielding 81.
My favorite is the Guaranty
selling for $100 per share below
its book value and yielding 6.
When you buy some of these
stocks it is much like buying
U. S. government bonds at 60
cents, on the dollar.
Read Your Bible
And Obey Teachings
If you are afraid that New
York City will be bombed, then
put your money into a St. Louis
or Kansas City bank. Better
still buy the stock of your own
local bank. Good bank stocks
should give safe diversification,
experienced management, and
government supervision un-
equaled In any other invest
ment. Winning World war II will be
a double-barrelled affair. As a
nation, we must spend money
and go into debt; but as Indi
viduals we should save money
and get out of debt. Readers
who take religion and their
Bible seriously should obey all
ita teachings. One of Its most
important commands Is, "Owe
no man anything" as ordered by
St. Paul In his famous letter to
the Romans and found in the
eighth verse of the 13th chapter.
Tehama. Cal. (U.R) This eltv.
which claims to be the "smallest
incorporated city in the United
States," may become the first
city in the country to be "wiped
out" by the war. The entire
population of 175 has signed a
petition for disincorporation as
a "patriotic gesture."
F rench, Belgians
Work For Germany
Vichy. April 24 (Nev.
papen of Nazi-occupied Pari
announced today the departure
of the 130,000th French work,
man for voluntary labor in
Germany. He was one In a
trainload of 330.
As a comparison, the news
papers said Belgium, with a
population only one-fifth that
of France, had supplied 230.000
volunteer workers for Germany
at the beginning of 1942.
Hie Wall Street Journal
THI ntONT PAGI OP AM IK j CAM
BUSINESS I FINANCE
ind fm immfk off
41 1 Bosh Sc. Su FrsscUco, Calif,
fca. t -r -A '..A . - Saw. -,
(ms&mms&
Treasure Chest Sheets-
Famous
u
UundryW 360 tin-.
,qualto 7 years' wear
less . .
f1v 6 to customer;.
Gay Moderns
Reduced for
Ward Week!
Sandals, Pump II
Spectator! I II
l. ioi Choice
Regularly- -
of 3Bewsunerirylesl
. i' .i if
Tareer girls! u.m-
girls', nereayw--- -
to stock up " -and
summer shoes ana
save!
Get a white dress
maker pump with a knot
ter brown bow! Get a
smart special"-
early!
qmai fP mm mm
Sensational!
Cannon Towei
Bo she
only J
"tUrslBuynowl
T-r 1
j&&& ?'arA,1o-.
a si
Brand
cinn Rayons
Con, J,000
drewes elsewhere'
crepe coatdreeae
to,! In T ""J'io, VM4.
and .hirtw""1 "
wn fmww mm mm
Petaldown
Print Sale".
Crown-I
restedl
545
Wirf Week brings yoolA
8 . " lupCTb r.yon crepe.
patterns -
meed Has
MB
E-l-Do
oM-A-Dor
349
PrlnlxJ
fJt?"' Cotton Sh
Hr-'-4 ICS C
Cool, crisp and charming tub
fast batistes and dimities at an
excellent Ward saving I
mm?.
m
Blight New
' AnlcletsThat
Should Be 13c
ft
fXVKJ Flakesh."
5r -v- - Jj rinta
Spectf Purcbtse! Stock up on
then fint cottons I Novelty
ititcheil Elastic tops.
Special I
Terry
Wash Oolhs
Jht
10f
Cool prints and plains in lovely
colors! Crease-resiitant, slight
ly nubby weave. 39".
Fin bargains! Edges lock,
stitched for extra wear I Whit
frith pastels. Stock up!
Sal.!
Women's
Danira Slacks
.98
1 1 sMy 1 1
FT""""! New Percale
PrpJ? Rejularly 44c
Ifi 33e
mm mn w&
Sale! Stunning
New Cotton
Vs
Compare wU
dr.ti. lsewhri
. . tirv ob dair
Vawn. wd b0"7' rlt CoI-
i dainty
can on i
Closely woven cotton. Reversi
ble, need no ironing! Pastels.
Double bed sis. Savsl
They're Strforirti Wi
ihrinkproof ! Mantailoradl
Handy pocket! Sid placket 1
They'r Pniit-of-the-Looms, fa
vorit with women from coast
to coast! Bibs and pinafores.
All Those
S9c Brassieres
Reduced to
54e
Buy 4 lor th. regular price of
II Save bow p,ck from rayon
sauna, lacei, cotton.
WHDmEi
4-.tice Suite
Beauinvi - Marci
Compare up .. 0 More.
r A WeeVi sensational price cutl
Nowl Buy at Ward J Uty of genuine
Oct the beauty Sd ta boached or
Walnut vencera and ,as$ mirror 1
a,urai wanut fin.sh Clear p
Vanity bench to match otner
ICrfodolsollyo"
; . poy baionce i
I
jd mm i
rtewsMt ! mi o-nlit tk.-i. -ew'rn ii-riiii.. bmi, ssWi.Juiaii'tss- liNsiMsWSJIiiil M
(mmmmmms"
Regular S5.98
Draperies .
A8
Sat price t
RnkHnin".:. need
prints to bnten y j,
J4 "J
Wardoleom!
9x12 Sixe:
468
-rttcrn to sls...tnes
de.nl 4t,
9
i.Tt s.i r-
w mm mm ws
ESrT1 Rejulor 1 5e
f ' A Curloln
.Vf I'.l Materials..
13'
5-pc. Chrome
Dinette Set.
10 down pu
llnyowrromel
f ta Wa Wkt
"f. Twit ehrca-.
niKll
1 honeywou-
Mir,
mi
mm
Buyyardk NOW SAVE! Yoor
choice fresh, criip pin dots, big
cushion dotsl Some 42 wide!
Genuine) Inlaid
Linoleum On
rt-;,A Burlap Back
1.49
Color not- through to back ,
can't wtir off I 6 ft. width .
Morud colon t Sato I
Save in Ward Week
en Drytan Bn--
, Choice o. IS Color.
.B.gul.T W
NOW it a rcu-v.- uta finish . . .
.Jna-cTsirl ...
footet, or
aoai CiWrt mm mm
Commander
Battery
lyr.foronreel ,wji
S8.00.1vA"1
Winter King. 1M yf guar -
MA
masrrez
mmmsmisvimm
8
' 4
J
iltglble Tiro
nuyer
ifc-tw to Wrd.H
and ft -""tarodaythe
wu- tea tire tba
Actual ,JSiWle!
Regular
Wire
Lawn Rale
Prlc cut! Built for long arv
lcl It aprlng'WIr enameled
teetn . . . a-lnch wood handle!
MM 79' Ml
Medium weight, fleec . lined,
full athletic cutl Ribbed collar,
cuffs and waistband. Save Howl
Reduced I
Outdoor
Gotfies Dryw
Wlth th Knif-Edg electrode
that lets spark jump eaiier foe
quick start I Save plenty nowl
First Quality
ScreMEnawel
Cut-Prtead
295
Keduced from IScI Darabl eaW
nl lengthen screen life I
LUU 3-88
Saves rime, steps and spat I
Easy to set-up or take down!
100 ft. of clothes, C-it. arm I
DirCNf I STAMPS
ON SAJJ HZXI
lefs tflf We thaj war waft !
fight and el te Mlers we can
nverer. luy Derenee Stoma fe
dey.enl often i roe eee.
im (MUM) UUiMionoUU) 5f5B ST
V UY5
CtJ II
3 -tin
117 SOUTH CENTRAL.
TsttPHOJie ataa