Medford mail tribune., July 28, 1944, Page 6, Image 6

SIX MEDFOBD MAIL TRIBUNE TtUy. Julf 18. 1944
jMEDFORIVTRIBUKE
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reataai
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All larma aaak la advaaaa.
ptndml fapar tha City MadfaH
Official fapar af Jacaaaa Oosatr
OF AUDIT BUBBAO
or CIRCULATIONS
A.Trt!.ln( Rpr.M.utlT.
WBST-HOL.I.IDAT COUPANT. INC
Oflletj 1. N.w York. Chlcaro, D.tr6ll
Baa franclsco, hot Ana.la, Saattla.
hMal, u luit, AUaala, VuManc,
B. CL
It Is often claimed, "a picture
is worth a thousand words.
Four words: Coroner Gathers
Up Hitler," Is worth 1,000 pic
tures of his escape from a well
intentioned bomb.
. .
The esteemed Pendleton East
Oregonian reports "a Tennessee
woman ,82, who haa never seen
an auto." This is one of the
main reasons why she is 82.
P. Laval.'the Trench creature
who betrayed his native land
lor Nazi gold, has shipped $50,
000 of it to Argentine, whence
he expects to flee some day
from a firing squad. The major
portion of his millions is
"frozen". His flight there ti
figured too severe a punishment
even for Argentine.
.
, THIS IS THE ARMY"
(Bend Bulletin)
"It might be all right for
Nero to fiddle while Rome
burned many a decade ago,
but when a fun-loving sol
dier stands by ' strumming
"I Don't Want to Set the
World on Fire" as firemen
actually battle a blaze
that's too much!"
The CIO political action boss,
born in Russia who cut a swath
in the New Deal shennanlgans
at Chicago, had a bunch of as
sistants sufficient enongh to
give the party of Jefferson,
Jackson, Cleveland, Wilson, V.
(Shotgun) Canon, P. Neff,
Rawles Moore, and Moore Ham
ilton cause to pause and ponder.
These dictated policies and
helped pick a vice president:
Zlatko Balkovlch, Zarko M.
Bunzlck, John D. Butkovich,
Leo Kryzckl, Dr. W. T. Osow
skl, and V. X. Plotek. .
For Sale Pony, sofa for chil
dren to ride or drive: V4-yd.
dump body, complete with pow
er to take off. Dial 3180."
. (Lockhaven Express.) Just the
thing for Junor.
A mathematical genius by
adding and subtracting the
ages and years of serving of Al
lied and enemy war leaders, de
ducts the war will end Septem
ber 7 next, at two o'clock. This
is two months sooner than gen
erally guessed.
A shortage of cigarettes, with
return to plenty far off, is now
predicted, due to many war
born causes, but principally to
a shortage of tobacco, that has
not yet showed up. It bears the
general characteristics of the
well-known shortage of beef,
there being more beef than ever
in the original four-legged pack
ages. There is never any
shortage of canned string beans.
They have been served with
everything but the pancakes,
three times dnlly, used profuse
ly in salads for three years, yet
there is now more canned string
beans than ever. The time has
come to find out how the string
bean do it.
PIONEER HAPPY ENDING
"Vesterdny evening about 8
o'clock while a crowd of guests
were sitting on the porch at the
Umatilla house, a sawed-off
square-built little fellow came
out of the office door with a
chair In his hands and without
further notice than to "get
away" swung the chair around
and smashed a window. The
gentlemen sitting by the win
dows were evidently rattled, for
instead of stopping the fellow
they all got away while ne con
tinued the work of destruction
until one after another five of
the windows had been broken.
Night Watchman Ralph Glbons,
who happened to be in the
house, ran out and collared him,
giving him shake that loos
ened his Joints and his tongue.
He then became humble and
wanted to shake Glbon's hand
(SO Yrs. Ago Col. Th Dalles
Chronicle).
Growth of tha Canadian poul
try Industry la indicated by her
Kg exports to Great Brltal
1,820 dozen In 1939. 37.035,-
tfloitn in la.
1
Ye Smudge Pot j
By Arthur Perry I
Outlook
Babson Says Top Grades to Hold With Medium Grade Spotty
Babson Park, Mass., July 28.
(Special Correspondence) While
the war continues and cash piles
up, interest rates will continue
low. For all practical purposes,
bond flotations consist almost
wholly of governments and re
funding issues. There is no ne
cessity for Mr. Morgenthau now
offering more of a return for the
use of funds for government
purposes. Lack of competition
in the bond market makes high
er Interest rates for government
money unnecessary,
However, when the war is over
and industry again seeks funds,
the situation will change. The
law of supply and demand will
then bring about a rise in inter
est rates with a decline in bond
prices. Hence, there is little rea.
son for large investors now to
reach for high-grade bonds ex
cept for the tax-exempt group.
Most investors are better off in
governments than they are in
prime corporate bonds. There
fore, there is little point today
in discussing high-grade bonds.
Let us look at certain other is
sues.
Foreign Bonds
There has been considerable
Interest in foreign issues for
some time past. Even Russian
bonds of the old Kerensky re
gime have had a large percent
age rise. Any anticipation that
Stalin will ultimately recognize
these bonds is extremely remote.
Bonds of Nazi-occupied coua
tries, such as Czechoslovakia and
Denmark, may continue their
present show of strength as Ger
many's defeat draws nearer. Be
cause of the almost constant po
litical upsets, characteristic of
the Latin-American countries,
South American bonds have
never appealed to me. There are
far better opportunities in our
own domestic securities than in
foreign governments or indus
trials.
M.dlum-Grade Bonds
With continued heavy calling
of top-grade corporate bonds,
the dwindling supply of these is
sues, plus their low yields, re
sulted some two years ago in
attention being focussed upon
medium-grade industrial, utility
and rail bonds. All of these
groups have had substantial
rises since the middle of 1942;
but the prices of many medium
grade Industrials are now flat
tening out. This Is also true of
medium-grade rail bonds, while
medium-grade utilities have actu
ally turned slightly downward
in the past two months.
Of all the medium -grade
News Behind
The News
By Paul Mallon
Washington. July 28 Behind
Rubber Director Dewey's resig
nation is tire situation with
which no man
I who has done
great Job
might want to
b a connected.
Dewey hinted
at it in a po
lite way In his
w 1 th d rawal
statement. He
said "the only
crisis in pros
pect" was in
heavy duty
tires, where
Paul Mailoo
manpower shortage exists.
The whole truth is Dewey
asked the Joint manpower com
mission months ago for 6000
men a mere 6000 he said
wero necessary to completo his
tire program. He heard nothing
from it. Apparently not even
an answer was given.
His statement about a crisis
also was too polite to reflect
his inner mind. The best au
thorities on the complex sub
ject do not see how the pro
posed production of tires for
this year is going to ba met.
They see a prospect of a break
down affecting all tires for civ
ilian, bus and truck use.
MOW here Is Dewey, an
' standing man In his 1
out-
busi
ness, who has done everything
ho can. In plant construction,
synthetic rubber production and
In creating a reservoir of nat
ural rubber. He has been an
admitted success In his Job, but
tires are being doled out faster
than they are being produced,
while production is lagging be
hind schedule. The schedule
for the year was 22,000,000 tires
(Incidentally less thun half
peacetime output).
During the first six months
of the year, the factories were
producing something more than
l.auo.ooo a month, about 9.000.-
000 in the first six months, if
they can reach the 22.000.000
figure the last six months, they
will be doing better than well.
In the early months of the
year, the government started
doling out 1,000,000 tlrrs a
month, In May, this figure was j
murrasru du,uuu, ana ine same
Increases wera made In June
and July. Tho quotas tor Aug- j
ut and September have been '
Increased almost aa much again
to a ngure of i,B30,000 a month.
That will carry everyone up to '
B.I JHISSS.S (
mi
mm
For Bonds
groups, perhaps the utilities of-
fer the best opportunity at the
moment. Entirely aside from the
cleaning up of the balance sheets
of many utility companies, it
must be remembered that we are
in an election year. If the war
ends prior to November and the
Dewey-Brlcker ticket has a re-
suiting good chance of being
ulertnd. thpn utility hr,nH it
alone utility stocks, should en-
Joy great popularity. In fact,
from a psychological point of
view, utility bonds may rise any
way. Railroad Bonds
Disregarding top-grade rail
road bonds, second-grade rail is
sues may show further strength
insofar as well placed issues are
concerned. Unquestionably, the
financial position of most rail-' been doing considerable travel
road companies has been great-, ing seelng the greater part of
ly improved. Many short-matur- Eur0pe.
ily issues have been bought in
by the railroad companies and
interest charges after the war
may be considerably less for
many roads than was true in
pre-war days. On the other
hand, traffic is bound to fall off
and many second - grade rail
bonds should sell for less than at
present.
Defaulted Rail Bonds
Since the earlier months of
the year, defaulted rail bonds ',
have not shown the activity that
was characteristic of them in
1943. In fact, for the past sev
eral months, they have moved
in a distinct sidewise direction.
Some of these bonds are now
selling well under the estimated
work-out values for the new
bonds, preferred stock and com
mon stock that will be issued
upon the termination of receiver
ships. The purchase of default
ed rail bonds always requires
both study and courage. The
profit cream may be off such is
sues but there may be consider-
able milk still left in the
faulted railroad bond bottle. :
Long-Pull Outlook
For all bonds, except possibly
for certain rail bonds, the long
term trend of bond prices is
downward. Any decline, how
ever, will be gradual. Until the
tax Jaws change, we will see
little change in the situation with
respect to tax-exempt issues.
Low-grade rail bonds are prob
ably the most vulnerable of all
Issues for they may early reflect
the decrease
in rail tonnaee
which peace
I, bound to bring. '
Least affected should be the
long-pull transcontinental roads.
Bonds of short-haul Eastern
roads may all be a butter sale
today than they are a btiyl
a month before election. Quo
tas for October and November
have not been set.
The Increases could be partly
explained by the fact that a
fftorknilff nf KVnthtir hnH hn
accumulated by Dewey,
amounting to around 4,000,000.
1 With the war near an end. and
neAly everyone in actual need
of tires, some increase in quotas
seemed Justified. But where the
crack underneath In the plan
ning is apparent is in the lag
ging production.
CORMER Rubber Synthelst
Jeffcrs got out as a success
In office when his program had
reached a governmental situa
tion beyond his control. It
seems to me Dewey may be fol
lowing the example of 'lils nre.
deccssor, but tills time the office I
Is to be completely liquidated
and tha nrn.r.m .ir.ti.,.,t u.. '
tho various government agen
cies operating the synthetic
plants.
Dewey Is a Baruch man. The
guiding hand of this one of the
few sound administration ghosts
chose him.
...
THERE Is another break no
ticeable In the inner casing
of this tire situation. Dewey is
a private synthetic rubber man
ufacturer. He has long advocat
ed a specific postwar proRrnm
for continuance of synthetic tire
making.
In many plants the govern
ment started, construction and
working costs were too high to
prevent commercial private
postwar operation. Dewey
wanted the government to set
aside plants which cost too
much, and keep them for possi
ble future emergencies, and
turn the others over to' private
business.
Hut Mr. Roosevelt recently
said something at a press con
ference along the line that he
did not expect the government
to continue subsidizing the rub
ber business after the war. It
was accepted as a creek at the
Dewey program, although strict
ly speaking Dewey planned no
subsidy.
LOW-FLYING AIRMAN'S
DISMISSAL APPROVED
Colorado Springs. Colo.. Julv
28 (U PJ President Roosevelt '
has approved the punishment :
prescribed by a court martial
lor Second Lieutenant Rex A. i
Stage, a bomber pilot who flew '
so low over a Texas highway
that the landing gear on - his
rne sirucK ine root oi a dus '
in which 28 persons were rid
ing, it was announced today by
the Second air force.
Lieutenant Stage was ordered
dismissed from the army, with
total forfeiture of all pay.
'LI
WRITES OF UFEJ
Llfe as a prisoner of war in
Germany was briefly described
by Lt. Thompson E. (Tommy)
White, pilot of a B-17 Flying
Fortress prior to his capture, in
! f, 'f.ttcrr,eu;fived (hi Mother,
Wilton White of Route 4.
high
JUt. ft IlllC, B JIICU.V1U
graduate, broke his ankle when
he parachuted out of his crip
pled plane over Brunswick last
Jan. 11. His letter follows:
"We are now stationed at our
permanent camp, for which I am
very thankful. My ankle has
healed faster than the doc ex
pected. I left the hospital on the
12th of February and since have
"Holland was very nice and I
was surprised at how modern
are the cities of Germany. My
ankle is still In a cast and the
doc here (Eng.) said he would
put a new cast on in a few days.
I think my ankle will be OK. I
lost a little weight while in the
hospital and traveling. I weighed
135 but am gaining now.
We have Americans cooking
our food, etc., and we are get
ting along quite well. The Red
Cross has been wonderful. We
received a box that was worth
its weight in gold. We got cloth
ing, candy, tooth brush, etc. I
wish you would send me candy
(Hershey), salted peanuts, tooth
brush, tooth paste, razor blades,
gum, pencil, eraser and a couple
of shorthand notebooks.
I "We are in a camp of Just
officers. We have music during
meals, piano, accordion, clarinet
and drums. I will write as often
as possible. Be sure to write
de-'uaa ana lc" mm tnat 1 " Bet-
"nS aJon8 tine.
A unique "prophecy" as to
the end of the current war has
1 I 1 I . r .
"CL" memora oy
"!!7 Z
from his nephew, Scott Dizney
ox sorbin, Ky., the prediction
being that the war will end
September 7, 1944.
The prophecy is in the form
of a chart which lists the names
of Churchill, Hitler, Roosevelt,
II Duce, Stalin and Tojo, in that
order. Under each name was
set the year of the birth of each
leader, the age of each, the
year in which each man took
office, and the number of
years he had been in office.
Strangely enough, identical
totals result from these figures,
the number being in each case
3888. Half of this is 1944, and
half of 1944 Is 972, the author
interpreting this to mean the
ninth month, seventh day at
two o'clock.
The chart also points out that
the first letters of each man's
name, in the order given, spells
"Christ".
Mr. Dizney had no Informa
tion as to the origin ef the chart.
Prospect Sergeant
Killed in Action
Sgt. Thayer W. Carlton of
Prospect was killed In action In
France on June 10, according to
a wire from the war department
received by his parents, Mr, and
Mrs. Tom Carlton. The sergeant
was a radio paratrooper and had
been stationed in England for a
year prior to the Invasion.
In addition to his parents. Sgt.
Carlton is survived by a brother,
Tommy, and other relatives.
San Francisco, July 28 U.P.)
St. Mary's college may have sold,
or Is In the process of selling its
Moraga, Calif., campus to the U.
S. novy, lt was reported here
today.
Save time! Be sure of
UNIQU
vwv-.
days.
Mr. and Mrs. George L. Robinson, Proprietors
Hunt's Specialty Ice Cream Shop
Wheto Service and Quality Meet
Flight q Time
Madford and Jackson Co. His
tory from tha files of tha Mall
Tribune 10 and 20 T" ago
TEN YEARS AGO TODAY
July 28, 1934
fit was Saturday)
Governor orders militia mov
ed to Portland docks to eno.
strike deadlock Monday.
Marie Dressier, beloved star
of movies passes at Santa Bar
bara. War scare in Austria fades as
Nazis depart. Italy eyes situa
tion. State socialism drift descried
by Oregon Republicans t
Eugene meet.
Fair, little change In tempera
ture. High 84, low 58 degrees.
PWA workers in New York
strike.
Fifty homes at Dorrls, Calif.,
destroyed by fire.
Police raid local radical head
quarters and seize "red" litera
ture. TWENTY YEARS AGO TODAY
July 28, 1924
at was Monday) i
Norwegian scientist claims
Rogue river was discovered in
1010 by Norsemen. j
Democratic candidate for vice
president and governor of Ne-
braska- branded as a "pacifist";
when he stands against mobili-J
zation day September 12. j
California forests from Mt.
Lassen to Mexican line ablaze..
Cloudy and unsettled.
High
93, low 51 degrees.
Crater Lake travel now near
total of 1922.
Water commission explain
water condition situation.
JAPS CONTINUE
TULE LAKE FAST
Tule Lake, Calif., July 28
(U.R) Thirteen Japanese-Americans,
protesting their interment
in a special stockade at the Tule
Lake segregation center as'Hrou
blemakers," carried their hun
ger strike into the ninth day to
day while another, taken to the
Center hospital Wednesday, was
still being treated for effects of
the fast.
Three of the men were re
turned to confinement yester
day after examination at the
hospital. They did not accept
food, but the 14th man -who re
mained In the hospital did.
War relocation authority
spokesmen said the hunger j
strikers,- all citizens, were the '
last of 315 asserted trouble- j
makers confined to the stock-,
ade after a series of riots and I
incidents last fall. j
Daily Weather Report I
Forecasts
Medford and vicinity: Clear tonight
and Saturday. Cooler Saturday. i
Oregon: Clear tonight and Saturday ,
with log along coast Cooler In WU- i
lamett. Talley and along cowt to- (
nKht. Cooler over etat. tomorrow. .
Loral Data
Temparature a year afO today: i
Highest. : lowest. 81. j
Total monthly precipitation, .IS
Inch: deficiency for tha month. .18 1
Inch. . 1
Total precipitation alnce Oeptembar
t, 1B43. 1689 Inchaa. Deficiency (or the
aeaeon. .78 Inch.
Relative humldltr at 4.80 p. m.
yesterday, 38'; 4:30 today, 91.
Tomorrow i
Sunrise 9:01 a. m.. sunact 8 S3 p. m. j
Past 34 hours: mno low rrec.
Bolte .
, H6
5
66
3
87
84
8
69
0
71
SO
78
eo
48
05
68
6
60
64
eo
70
Boston
Chicago
Denver
Eureka
Havre
Los Angelea .
Meiltnrd
New York
Omaha -
ptvenl
Portland
1.07
.18
. aa
. si
. eo
Z n'i
.. at
. e
.107
- 01
- 87
. as
Reno ,
Roaebure; .
Salt Lake
San Francisco
84
Seattle
Spokane
Washington, D. O.
Yakima ..
to
. 08
83
.101
lit
your favorite flavor
PHONE
4622
Yes, wall have It all pack
d and ready for you when
you call.
HUNT'S
Delicious
ICE CREAM
Is TOPS for FLAVOR and
COODNESSI Order ahead
and you're more certain of
Batting your favorite fla
vors. Open 10:30 a. m. 'til
9:30 p. m.. including Sun
LOG OVERLOADS
E
There has been a decline the
past fortnight in the number of
logging truck overloads on the
Crater Lake highway, and other
heavily used roads of the coun
ty. District Attorney George W.
Neilson reports. He further pre
dicts there will be still less as
the government is bearing down
against issuing requisitions for
trucks whose drivers have paid
overload fines. He states this
rule has resulted in several
trucks already suspending oper
ations. The state weighmaster has
Mid-summer Bargains for
Southern Oregon house
wives. Thousands of Med
ford' s smartest household
managers shop regularly at
Anderson's Thrift Market.
Check these values today.
aBSBBSSSBBBBBBSMBaSHSSaaSaSBalSS
ROLLED OATS
Quick or
Regular
No. 10
Bag
REM
SUGAR
COFFEE
PARKAY
MARGARINE
lb. a
SHOWORIFT
j OI.VI&IK.I1i.tU
lb.
jar
E4TSC
SALAD DRESSING Qult,
WAX PAPER ,25Ror
STARCH
NEW REFRIGERATION IN OUR
MEAT DEPT.
KEEPS YOUR MEATS BETTER
SHOULDER BEEF
ROAST ..... lb. 25c
FRESH GROUND
BEEF .... 2 lbs. 4Sc
AMERICAN
CHEESE .... lb. 39c
SKINLESS
WEIERS....Ib. 35c
FRESH FRYERS HAMS - LUNCH
MEATS - CHEESE
9 TILL MIDNIGHT EVERY DAY
ibeen stationed at Agate station
for several weeks, and ine jus
tice court records show a drop
in offenders. The authorities re
port some drivers parked along
side the road until the weigh
master quit. This worked a few
times until the weighmaster
stayed overtime, and caught
them.
According to the district at
torney advices, overloading is
the cause of tires breaking
down. Federal agencies have
recommended higher fines. The
rate in this area has been 25
cents per ton for each ton over
load. U. S. FARMERS REDUCE
DEBT BY $850 MILLION
Washington, July 28 (U.PJ
The Agriculture Department re
ported today that since 1942
39'
Swift's Quality
Luncheon Meat
m r m
Mm
10 Pound Cloth
- Bag
HILLS BROS.
S&W Pkg.
RIHSO
LUX
OXYDOL
Large Package
For this
Sale
FRUIT
JARS
Doz.
Qts.
STALEY'S
7
CUBES
PRODUCE
FANCY CANNING COTS
Non-irrigated Lb.
Red Ripe
TOMATOES
farmers riave reduce! then?
mortgage debt by $850,000,000
leaving the total estimated debt
as of Jan. 1, 1914, $5,634,772,-000.
Cs Mall Trlbun. Want Ada.
MONEY TO LOAN
On JEWELRY. CAMERAS
and MUSICAL INSTRU
MENTS. See our unredeem
ed Jewelry savings. PEO
PLE'S LOAN CO. 228V4 E.
Main Street State license
P 137.
PARTS and SERVICE
for all
Makes oi WASHERS and
REFRIGERATORS
YOUNGER'S APPLIANCE
SERVICE CO.
31 N. Bartlett Phone 2419
(2222EU.
2 Summer I
can
J
2
lb.
fff
pkg. Jm H
z : i
i
19
Pkgs.i
CRISPY FRESH XlVKA
Mi
FRESH DAILY
2 lbs.
19e
Georgia Rattlesnake nc
WATERMELON Lb.
10 TILL MIDNIGHT SUNDAYS