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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 1, 1945)
Hedging Against Inflation Babson Discusses Twenty Big Industries By Rogei W. Babson Babson Park, Mass., April 27. -(Special Correspondence.) On a recent vacation in Florida, I had time to study America's greatest industries with special thought as to their safety for postwar investments. The Big Five (1) The industry, best able to meet inflation, should be RE TAIL TRADE. Those concerns having a book value' approxi mately equal to the selling price of their stocks are to be pre ferred. The Variety Chains should bte safest of all. (2) The OIL GROUP should come next In order. With these should be included certain metal shares although I do not like the coppers. Probably the greatest gamble, for good or ill, are the gold stocks. (3) The CHEMICAL INDUS TRY should emerge from the war a leading postwar industry when the pharmaceutical group Is included.' Many new miracles are still in the laboritory stage. f4) The ELECTRICAL EQUIP MENT INDUSTRY, including electronics and plastics, offers attractive fields, especially for returning servicemen. (5) AVIATION should be in cluded with the "Big Five", al though its future is somewhat uncertain. I like best the trans port companies; but their stocks now seem high compared with those of the airplane manufacturers. SPRING MERCHANDISE Coats. Suits. Millinery Alteration! by Expert! Specializing LADIES' COATS & SUITS IN HALF SIZES Barelson's Ladies' Ready-To-Wear 31 No. Central Avenue SMUDGE POTS and LIGHTERS American Fruit Growers, Inc. 213 South Fir St. Medford, Oregon An Investment Group (6) The Paper and Container Industry should have better days ahead. This especially applies to some of the companies which have diversified in cans, plastics, glass and fibres, as well as paper. (7) The Rubber Com p a n 1 e s should make more money after the war. Current quotations, however, suggest that this group is only fairly priced, rather than attractively priced at the mo ment. .(8) The Textile Industry should remain a sound investment for some years after the war. It also has a good ratio as to book val ues. No spectacular rise, how ever, can be expected in textile securities. (9) I am not an authority on the Tobacco Industry. My friends however insist that the tobacco stocks other than cigar stocks are reasonably priced and should be included in a diversi fied portfolio. (10) Certainly the Building and Furniture Industry should be mentioned at this point as having a good postwar future. This includes the cement, paint and certain steel companies. Uncertain Industries (11) This group includes the Heavy Steels which are in the "feast or famine" category; I am not now forecasting their postwar outlook. (12) As a rule I like the Food Stocks, baking, canning, dairy products, meat packing, quick freezing, beverages, shortenings, etc. They however, are now too mixed up with government regu lations. However, I rate the Dairy Products first, and the Canned Fruits last. (13) The postwar outlook for the Automobile and Truck In dustry looks good to me now. I class it in this uncertain group because my associates believe prices on some automobile stocks are too high. (14) Banking and Insurance stocks should be held to a limit ed amount by all investors who want gradual growth rathe than yield. (15) Equipment, tor other than war purposes, should be in de mand after the war. This applies to Agricultural Machinery and perhaps to Railroad Equipment. The immediate postwar future of office equipment depends upon what the allied governments do with their surpluses. Industries To Avoid (16) The Machine Tool Indus try has had and passed its honey moon. (17) Certaia Public Utlilty Stocks, being, or to be, liquidat ed, have profit possibilities; but the bloom is off of the rest of the group. (18) Profits of the COAL IN DUSTRY should severely de cline after the war. This espe cially applies to the anthracite companies. , 1 (19) It seems as If the receipts of the MOTION PICTURE IN DUSTRY would fall off after the war if television becomes uni versal. (20) The worst of all Indus tries is likely to be the RAIL ROAD INDUSTRY, including perhaps hotels, etc. Beware of the rails! Jewish Congress Urges Trial For Criminals Of War San Francisco, May 1. U.R) The World Jewish Congress ap pealed to the United States, Bri tain and Russia today to take immediate steps to remedy the "greatest failure" of the allied war effort "the absence of a common policy qn trial of war criminals." The plea was Issued by Dr. Maurice L. Perlzweig,, head of the political department of the congress, in an address before a meeting of the northern Califor nia division of the organization. "More than a third of the Jews of the world have been tor tured and murdered, starved or worked to death during the past five years," he said. "There has been no equal crime in the long chronicle of man's inhumanity to man .... "The Jewish people must be accorded the right and oppor tunity of presenting their indictment." Cheap Postage Rate Encourages Chinese Soldiers To Write Chungking, (U.R) China has issued a unique stamp, of interest to philatelists, which carries no printed denomination and is in tended for the exclusive use of soldiers at the front and in for ward military bases. Sold only at army post offices or by postal units at the front, the stamp carries a picture of a postal carrier approaching three soldiers in foxholes while two airplanes circle overhead. It car ries the Chinese characters "Chung Hua Min Kuo Yu Cheng Chun Yu" Chinese Repub lic Postal Administration, Mili tary Mail." Intended to encourage front line soldiers to write home more frequently, the stamps are sold for 20 Chinese cents each one- tenth the normal postal rate and are good only within China. A number of the stamps have been made available to philate- in ii. i ii inn iiiiii ii 'Lyj" ' -" '" Choose a Gift of Chocolats by ofbaVe' Your gift will have the delightful asso ciation of many happy,' memory-living occasions . . . beginning with the thrilling one when she received that very first box of chocolates from her best beau! Sodete.Ghocolats for Mother's Day ...the Gift of Happiness IMPERIAL CANDY COMPANY SEATTLE 4, WASHINGTON Good humor glows upon the faces of Rep, Sol Bloom, of New York and HRH Amir Faisal Ibn Abdul Aiis, Saudi Ara bia Minister of Foreign Affairs (left). , The two UNCIO dele gates met in a San Francisco hotel. Police Telephone 1 Woman Not Called Down In 20 Years New Orleans, (U.R) After 20 years on the job, she's never been called on the carpet. That's the story of Mrs, Lillian Bau man, telephone operator at po lice headquarters here, and she says she wouldn't give her work up for anything. First woman employed by the police department, Mrs. Bauman started work in the old criminal courts building in 1924. In her 20 years "on the board" thet-e's never been a dull moment, with occasional major crimes and dis asters, together with a never ending stream of "foolish" calls, according to the 64-year-old wi dow. She says people are always in a hurry, and call headquarters for anything from a telephone number to where they can bet on a horse. As for her fellow workers, Mrs. Bauman's can't say enough for them. No matter what "peo ple" say about the police, they are a fine group of men, she insists. And as proof, offers in formation about the way they always contribute for the desti tute, their willingness to give blood when someone needs it. Missourian Tells Wild Geese Tale Mexico, Mo., (U.R) Sportsmen here have a hunting story they think will equal just about any fish tale they hear. Raymond. Jackson, county surveyor and . city engineer, is claiming the title of best hand hunter in Audrain county. While visiting on a farm re cently, Jackson saw two Cana dian wild geese fly into a barn. He followed them, in, shut the doors and then caught them clipped their wings and carried them out. He says he thinks he'll try hand fishing next summer. Closing time for Classified Ads 8:30 a m. loo Late to classify una p m Car Owners Warned Care of Batteries Is Important Now Unless car owners take It upon themselves to give immediate and constant attention to their batteries, many vehicles may be forced out of service within the next few months. This warning was sounded to day by E. T. Foote, president of the American Association of Bat tery Manufactureres. He placed new emphasis on the fact that in creased military requirements have greatly curtailed produc tion of storage batteries for civilian use. Mr. Foote urged every car owner to take action at once by having his battery checked and serviced by a reliable battery service station. He stressed the necessity of having batteries checked at least once a month, and in extremely warm climates or seasons, twice a month. As another caution against premature battery failure, Mr. Foote urged car owners to be vare of battery "dopes." He de clared that wartime conditions, Impelling all car owners to take every precaution to keep their vehicles In operation for the longest possible period of time, have fostered a battery "doping" racket that is sweeping the coun try. "These racketeers," he said, "are preying on the car owner and battery dealer, selling them flour, sand, epsom salts, or just Tuesday. May 1. 194S MEDFORD MAIL TRIBUNE THRU any old white powder as the panacea for all battery trouble." There are a few limitations to the commodities which can be flown by' air express today. since the cargo compartment of air-liners now can carry up to 3,000 pounds and without passengers up to three tons. Use Mall Tribune Want Ada. (Pepji-Cola Company, Long island City. N. F. Franchised Bottlo'rt Pepsi-Cola Bottling Co. of Medford TRADE LOT S. Riverside. Klamath Falls for Suburban Lot Dr. A A Soul M. D. Phone 2870 WASHING MACHINES REPAIRED Parts fc Service on All Makes B. & B Washer Shop 406 E. Main. Phone 5302 CAMPBELL'S MILK PASTEURIZED or RAW Grade A at your favorite Grocer, or 'phone 4190 NEW LIF FOR OLD ENGINES THAT'S WHAT A MOTOR TUNE-UP MEANS TO YOUR CAR OR TRUCK TUNE UP NOW AND REGULARLY... FOR FUEL ECONOMY LONGER ENGINE LIFE BETTER PERFORMANCE MAXIMUM POWER ROGUE RIVER CHEVROLET Ninth & Bartlett Phono 2288 Seven league boots for the AAF, the G97 a giant that strides from ocean to ocean between lunch and dinner. Thundering - across the continent in a trifle more than six hours, this double- nirrt fi M, decked heavyweight set a new speed mark i llSS Sliy CpCZI$Y rCflCCS fnC SHU forthelonghopon Standard aviationprod . ucts. This transport version of the B-29 flies on' Chevron Aviation Gasoline, the flying fuel Boeing Aircraft Company's West Coast plant uses to flight-test its famous planes. To swift wartime research we owe both the C-97 and Chevron Aviation Gasoline. And we'll hear more SCW' akut t'lem 'n peacetime; the C-97 as the "Stratocruiser" airline i' i -? transport and Chevron as a great new gasoline for your car. If , I' , The C-97 flies first on JjJj AVIATION u GASOLINE 4 STANDARD OF CALIFORNIA
