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