Medford mail tribune. (Medford, Or.) 1909-1989, July 11, 1945, Image 5

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Medford mail tribune., July 11, 1945, Page 5, Image 5

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Newspaper Page TextAre Stocks Too High? Babson Criticizei Penimiiti I WANTO rain ar L M. M H both rem 8At Medium sire trlb andrWNTSHrp Apf and clover need. New 9 fl. . By Roger Btbton Babson Park, Mass., July 6. (Special Correspondence.) Cer tain well known Investment c o u n s e llors have for some months been very bearish. They believe that stock are too high nd that it is a mistake to invest money in stocks at the present time. I assume that they also mean that those having stocks should immediately sell them. Of course if these men stick long enough to their bearish attitude, they will eventually prove them selves to be "right"; but this may take some years. In the meantime, while they have con stantly been bearish, stocks have -constantly gone further up in price. Deflation To Follow Is Belief Of Many I also find men of experience who believe that after the war our country will be headed for deflation rather' than inflation They look for lower commodity rjrices. reduced wages, lower rents and other features of a de- flationary movement. Here again these pessimists will some time be rewarded if they stick to it long enough: but I believe they are absolutely wrong so far as concerns the immediate postwar period of perhaps some years duration. Of course, there will be peri odic breaks in the present bull market. A "Communistic scare" may occur at any time. When the professional stock operators in New York have sold out their holdings they always dig up some pessimistic news to try to i i, . i i-... i j UlCdll tUB JlldlltCb 111 U1UC1 tu again pick up cheap stocks. On the other hand, I believe that any such breaks in the market would be temporary. It now looks as if the present bull mar ket may run two or three years more. Conditions Differ From World War No. I Both the pessimists and the optimists refer to World War I nd what followed World War I as evidence for their present forecasts. The pessimists point to the big break which occurred in the early 20 s; while the optim ists refer to the continuous bull - market which existed from 1923 to 1929 when the Dow-Jones Average went up from 86 to 386. I Insist that we are living in an absolutely different world than existed in the latter years of World War I. Certainly this country ia in an entirely differ ent position with absolutely dif ferent conditions existing. Both the pessimists and optim- '. SS-64 Bvnopsle ef Annual stat.m.nt of tha jrin.rn inauranea Company of Me' lora or Kiw York. In the Slala of w iora, on tna tnirty.flrat day of December. !. made lo tha Inauranea Cammlaalonar of iba State of Oraion, pursuant 10 law: INCOME Not eremlume received. M.I12.B4I.1I. Total intereat. dividends, and real ae tata Income, S4t8.497.3l. Income from other sources, 116,091.10. Tota4 Income, $8,247,041.10. DISBURSEMENTS Net amount paid policyholder! for loaaei, a7.eov.1se., a. Leee adjustment expense lllf.TIMT. Acente commleelona or brokerage, l.tOI.KI.OI. Salarlea and fees offlcere, directors. noma etnee employee, llll.2fo.es, Taees. lleeneea and fe.e, IZIO.eSI.OI. Dlvldenda paid to atockholdere (Caen, S3?0,000.00), 13:0,000.00. Dlvldende paid or credited to poltey- aoiaera, None. All other expenditure!, too,;nt.!l. Total dlabtirnementa, IV 001,403.11. ADMITTED ASSETS value of real aetata owned (market value), none. Loano on merttafee an I collateral, te.. 131.444.00. Va!ue of bonda owned (market or eunoruaoai ., ...t.uo. Value of atocke owned (market value), SB. 037.512. 2S. Cash la banka and on hand, I1.032. tll.lt. Promlome In eourae of collection written elnee September 10. 1144, S7SI. '70.11. Intereat and rente due and accrued. II3.:3IO. Other a..eta (net), 131.00.71. Totel edmlttrd assets. $14,147,701.43. LIABILITIES. SI'RPT.t'S AND OTHER FUNDS Total unpaid clalme. $773,034.00. Estimated loaa edjuotmont expenae for lapatd clalmp, $27,100.00. Total unearned premluma on all un aspired rlika. $0.131. 4.J. Salarlea. rente, exnenaee. bllle, ee. eeunte, Ceea, oto., due or accrued, $10, ooo.oo. Estimated amount due or accrued for texee. $1$:.$00.00. Commleelona, brokeraee. or other eherrea due end accrued, $l$.noe.0O. All other ll.bltltiea. $231,117.1$. Total liabllltlea. except capital, 17, 417 Sti ll. Capital paid up, $1,000,000.00. Surplus over all liabllltlea $M30.127 31. Burplua an reg-arde policyholders, !, T30.I37.31. Totel. Ilim.lllll BUSINESS IN OREOON FOR THE TEAR Net premlume received. 153,330.30. Net losse paid $1$,7O3.03. Dlvldende peid or credited to policy BOIdere, None. Nemo of Company, Northern Inaur-eer-e Comreny of New York. Name of President. Oeorre 7.. Psy. Name of Secretory. Richard W. Wetael. FOR RENT Furnished Mountain Cabins Elevation 4200 ft. Cool day nd nights. Quiet, restful surroundings. Make Reservations Through W. J. SNYDER Box 501, Ashland, Oregon Ists should agree to this if they have any sense of proportions. In fact, the pessimists can com pare our present huge national debt today with the comparative ly small national debt existing in 1919. On the other hand, the optimists can prove that follow ing World War II the United States will be the strongest, rich est and most productive nation in the world. Furthermore, our country, for some years, will be free from competition from Ger many, Japan and other previous competitors. Monetary Situation Secure For Years Mind you, I am not talking about what will happen after, say, 1950. Some day the whole world must pay for the sins of the past decade. Only a spiritual awakening can prevent it. Then there again will be unemploy ment, business failures and real estate readjustments. Russia, China and certain other couiv tries with cheap labor will then take world markets away from us. The English-speaking coun tries njay then be threatened with a semi-Communism of some kind. Between now and when such a time comes, however, expect to see much higher stock prices. With nearly $30,000,000, 000 in pockets and cash drawers, with only a very limited supply ol securities to purchase, stock prices must sell higher. It is true that the Dow-Jones Industrial Average which was 42 in 1932 now stands at around 168; but remember that it went up to 386 in 1929 and could as well sell again at that former high. Before selling any indus trial-inflation-proof stocks, take time to compare their present prices with the highs of 1929. This is very important when combined with a study of how prices compare on a "times earn ings basis. WANTUl Combine, herveetinr Harvestor. Ph. Ashland 8084. WHY TAKE CHANCESTCall exper ienced rug cleaner. 724a or oring it to ua. 26 South Grape. PAINTING NEEDS Brushes, acrapera. ateel brushes, putty knivee. orusn cleaner, brush baths, otla. turpen tine, painter'a exolvent putty, dust era, wax removers, patching plaster, paint remover, sand paper and many other items at your Sherwin Willlama' Paint Store. Hubbard Bros., Inc. Phone 2189, Main and Riverside. mattress. S10. 112 Summit Ave. WANTED Married man to take charge of Dairy nerd. House pro vided. Ralph Billinga. Rt. 2. Ash- lana. rnone tttua. 9500- ACREAGE WANTED Have client who wants to buy small acreage with good house. H. G. Wilson, Real tor. 7 Chestnut St.. Phone 4844. WANTED Four or S-room modern house in Med ford. State price and location. Box 1170. Mall Tribune. FOR SALE J2Winchester pump with teeo stems, can a.o. FOR SALE '33 Chevrolet' Coupe- Good motor and tires, 323 witnm OPA- 303 Chestnut St.. Phone 3959. FOR SALE Two-wheel trailer. River side ana Jackson, s. Jones. 37 Acres, free Irrigation. garden land, pavement. School bus route, clover crop. Four-room, almost new house. Jartly modern, 0 fine milch cows, neifers, tenm. all farm machinery, milking machine, barn, large spring, shade, nice garden, pressure pump, fruit trees, berries. See A. F. Flow ers, broker, some term. 305 South Holly. FOR SALE Automatic Shakespear reel, pole, and accessories; also wrist watch, pair of Paul Bunyon logging boots. Cabin No. -18, Mer- rick's Auto Court. THERE will be a lPZi Plymouth 2- door sedan, below OPA ceiling, sold at the Midway Auction Yards, Tm.nn.ay. July 12th. EXTRA nice pie cherries on order. just right for canning or locker. 7iu , Mam. WANTED Small kitten. Call 2813. FOR SALE Furnished 2 -bed room house, 2 lots, cmcKen yard, scnoois close. Inquire 309 Beatty. WAFFLE Iron, boy's coat, Laurel hedge, miscellaneous articles, rnone 3287. A GOOD Jersey Cow, 7 years old. Phone 6096. FOR SALE Bed"and spring and mat- tress, davenport ana cnair, reason able. Call 2310. CITY PROPERTY il7CA Four-room, completely fur JlDU nished. Electric refrigera " . . ranirg. oil heater, C?CAA Four bedroom home, large fJUJliU lot, double garage, nicely landscaped. tfOCA Five-room home, close In, IJDiiOU Near schools. $2050 $3000 $3500 5750 $6500" Court House News Divorce Decree, Chloe L. Baxter vs. Walter J. Baxter Llola Mann vs. John W. Mann. Luetta Hulton vs. Jasper Hul-ton. Divorce Complaint Oleta Bagley vs. Wesley Bag ley. WEATHER Northern California: Clear to night and Thursday, except fog on coast and scattered afternoon inunaerstorms over mountains. Not much change In temperature. Gentle northwest wind off coast. Closing time for Sunday Too Late to Classify 5:30 Saturday aitemoon Pleaae remember. Too Late to Classify CLOSING TIME FOR SUNDAY WANT ADS 4 P. M. SATURDAY Due to the large volume of Sun day Want Ads we find it neces sary to move the closing time up to 4 p. m . on Saturdav. PLEASE REMEMBER! MAN wanted to work In warehouse. prefer young man with grain nan- dling experience. Phone 3756. F. E. Samson Co. FOR SALE One good electric iron. $5; 1 steel camp bed with mattress, 10. 92B S. Central. WANTED Common labor to wreck small building, 75c an hour. See Mr. Champion at Champ a arage, 311 E. ruin oi. "$5150" Two-bedroom modem home, fully furnished from drapes to dishes. 3 lots, city water, garage, woodshed and wood, pump house for lrrlga tin, best well in town. This prop erty in Central Point. Possession now. Also $3300 140 Acres Mountain farm, 28 acres in cultivation, 5-room log house, very go-d, big barn, chick house, shop, 7 miles from Medford. Outside range, good buy. Terms. VALLEY REAL ESTATE 3 miles S. Pacific Highway 90 Phone 6488 MADE to YOUR MEASURE Four-room, electric range, built-ins. .Immediate pos-ses&ion. Four-room modern, electric water heater, 3 stoves, Barbecue. Four-room modern, large lot, shade, garage, -Large home, redecorated Oak floors, stoves, water heater. AfRFAf.ES V 1 20 Acres, 15 irrigated and in clover, five pasture. rmim mntirn home. bSTTI Mi-lire, woodshed, truit room and other buildings, close to store, nottsrl hlohUPAV. modern home, plasterea 14 Acres, 9 acres bottom land c over, irrigated, o BcrM hnv land. IV2 Acres, chicken Ranch, 1 Rrrs clover, ail lmaaiea. New 4-room home, barn. poultry house, garage and work shop. Home well insulated, oak Y seven acres, iri.a.cu, hnifknce Dasture. free soti 4-room modern home, ,m vntAm Terms. -lJU aftUICB venn torn land, irrigated, free oil. on highway, no buna- lngs. $4200 $4750 $6500 $4750- pressure $7500' THCMAS 3. HIGHT. Realtor 20 South Central Phone 0397 suitable for adulta. Phone 3932. 2ABIN for sale on" Rogue River." In- FOR SALE Electric Range and cook stove with coils. Berrydale Dairy on He11vrtn1et Aveonnn PART TIME Bookkeeping. Large or mini 11 inTuunn, rnotje oiui ACCOUNTANT available August 1 jane urn cnarge. rriDune nox una WILL shnre office space and tele- fjiiunc. 1 11 unc pox nop, M IDDLE-AGED Lady wants work in moineness nome, or win drive on vacation for elderly people. Box 1 io 1. YOUNGBERRIES and BoyB enter ries for sale. First house E. of Roxy Ann WANTED Mechanic with some hand tools, part time or full time. Soldiers on leave considered. Ask for Mr. Losee at Cullen Motor 6t Implement o iiJ.i a, mversiae. FOR SALE Gladioli and cut flowers Irene Phetteplace, 2318 Capital Ave. WANTED TO PENT On, or before August l, a 3 or i-room Apt., or house, furnished or unfurnished by quiet, local middle-aged couple. No cnutiren, no pets. Best of reterencei, Write or call at 118 Kenwood Ave FOR SALE Riding Horse and saddle lor qiuu ti lOKen mis ween, vion Machine Shop, Jacksonville, ore. FOR SALE Beautiful dark walnut 4-poster. full-sized bedstead. Like new. $40 delivered. 611 W. 10th St. WANTED DesDeratelv to Rent. 2-bed room, 4-room nouse, lurmsnea ior $40 or less. May possibly trade my large 5-room furnished Apt. Please pnone 5138. TOR SALE Titon Falling Saw, with new bar ana saw. alk iracior wun dozer. Call 7733 Klamath Falls or write box 800. APPR ox! 1 acre, 4-room modern h-mse lame hen-house, berries, Phoenix, $4000. See A. F. Flowers, Broker, 205 5. Hony. WANTED TO BUY 600x21 tire ant tube at once. Phone 8121. Associ ated Gas Station. FOUND Female Collie. Hawkins' Kennels, 623 S. Central. Phone 3512 31 PONTIAC Fordor Sedan, good transportation, clean throughout, $220. Under OPA ceiling. R. H, Whittlck. 819 N. Central Ave., Ph. 5577 or see after 5 p. m. FOR SALE By owner, centrally lo cated Medford business property with net income of 12 per cent on purchase price of 810,000. Phone 3517. FOR SALE Pie Cherries. Ph. 405T JUST ARRIVED! Clothes pins; dish cloths-.'kltchen step- 8 too is; wuiow cioines D8BKei, iowoi hr nf.ntr holders: hoes: rakes: lawn edgers, and leaf rakes. ACME HARDWARE, Main and Graape. quire Shady Cove Postoffice, mary rayne. SALE Well equipped, healthy two FOR SALE Spray tomato vines with j" ia 10 sei xne Diossoms. aionarcn Sred & Feed Co. SAVE RED POINTS Buy hens at Caie. iTiouna aox GET your Dr. Hess' Remedies, Stock Tonic, ran-A-Mini and nog condi tioner and many others. Fabers, 34 S. Riverside. Phone 4449. PACKING HOUSE HELP Medford - Phoenix - Talent District are now registering pickers, sort ers, packers, plant help, for coming fruit season. ALSO registering stu dent for packing school. ORCHARD PARK FARMS Walter H. Lverett Phone 2424 or 5533 FEED Fisher's Baby Chick Starter mash or broiler mash and watcn them grow. Faber'f, 34 8. Riverside. Phone 4449. FOR SALE: Grain bags, sack twine and needles. Monarch seed ei reea Co FOR SALE- 'h p. gat or" kerosene McconmcK-ueering engine, oingie horse horizontal cyclinder. Vilas nsncn WHITE-FACE Yearling Steer ior Sale. Phone 3804 FOR SALE Halters. Cotton Rodi Monarch Seed & Feed Bell StraDS, (JO. FOR SALE Royal Anne and Bing cnerries, vc. you pick. mue s. of Griffin Creek Grange. Bob Harnlsh. Phone 6218. FOR SALE Biff balry Fly Spray ttnocKs em. uoiiar per gauon in our container. Monarch Seed & Feed Co. FOR SALE 1938 Dodge Pickup TT55 N. Central davs. 917 N. Central eve nings. FOR SALE Egg Cartons, ieed at Feed Co. 'st Cartons. Ece Seal coltry supplies all kinds. Monarch FOR SALE 1931 Model A lone wheel Dase trucK, fair condition. Also large new compressor and Leff mo tor and tank. Call at 1155 N. Central or evenings at 917 N. central. MASTITIS testing blotters. Globe stock medicines in stock. Monarch beed & Feed Co. OUR Lubdicatlon Employee is trained hona 4757. Fire- See us today or stone stores. ai4 ; Riverside. KILL LICE. Use Lee s Lice Killer and Perch Paint. Monarch Seed & Feed Co. FOR SALE Metal Bed. with springs and mattress. Call evenings 728 W. Fourth St. WANTED Late model car. Spot cash. rnona jail evemnns. WANTED All around ranch hand, Eood wages, modern house, water, wood milk furnished. W. J. Webster Ranch, l mile N. of Jacksonville, Phone 6953. FOR SALE 12 Acres, second cutting alfalfa, standing or to be put up on shares. U. V. VanHorn, mile W. of Griffin Creek Grange. Call after a, FLOOR SANDING and FINISHING Reflnlshlng Our Specialty S. H. FRALEY Phone 2661 Wednaidar. July II. 1945 MEDFORD MAIL TRIBUNE FIVE Riverside Market. WANTED Man for ice delivery. Val. ley ruei lo. FOR SALE 32 Winchester Special ttiite, line new a ranter signt ana shells, McFadden. Lozier Lane. WANTED SAW MILL HELP We Need Several Men Boilerman Greenchain Dogger SOUTHERN OREGON SUGAR PINE COMPANY FOR SALE Purebred Irish Setter, and Terrier pupa. Oregon Kennel. just north of Big Y. Phone 3948. KEEP your house cooler this summer with JM rock woot ,nsuiauon cv tena. Call ua lor Information. BIG PINES LUMBER CO- SAVE red points Buy bent at Riverside Mantel CASH IN A FLASH TOR YOUR CAR Save Time. Cash end Oa, Call Automobile Market. Friendly Medford Dealer. h. 3910. th and Barttett No Red Tape When You Sell to US. WANTED Chickens, anv ktniT any amount, live or areasea. laying nena or otherwise. Phone 3U7. Riveralde Market. EXCEPTIONALLY GOOD ASSORTMENT Rough boards and 3x'a to 1x13' LOW PRICED NO PRIORITY CAMERON.MOFFITT LUMBER CO so Kiveraiae as Barnett tta. Medford Phone 9463 WANTED A man to do light janitor worn, pnone JH47 tor appointment. LUMBER Lumber - Nail, - Roofing Dry Flooring and Siding Low Priced No Priority - R O STEPHENSON CO. Court and McAndrews Road Phone 3000 Medford WANTED Rabbits, any amount, alive or dressed. Phone 3117. Riverside Market. ADAH'S BEAUTY SALON Permanent Waving Cold Wavea. tral. Speciality. Phone 366 Snecial ,one 3664. 130 N Cen. r e -. Complete Factory Approved SAFETY SERVICE Chrytler Fac tory Engineer ad and Inspect id Parta for Chrysler Dodga Plymouth Dedga Truck, L C. TAYLOR CO. IDDGESTRUCKS 112 So. Rlve)-ald Phon 2963 NOW AVAILABLE No. red cedar shlnnlej. Big Pines oer io. 1 cer tiara de Lum- WE CLEAN RUGS, any size, any kind. We call (or and deliver S or more. 86 S Grape. Phone 7244. SAVE RED POINTS Buy hens at Rivet side Market. COY'S CHICKEN INN Gold Hill. aerving inea cmcaen every aay ex- unaer cept Monday. Phone same management 331. SMER FUELS Factory Blocks $6.75 per 200 cu. ft. load Kindling . . . $3.00 per 200 cu. ft. load DIAL 2123 Timber P DIAL 2123 Company eaieeet SAVE YOUR TIRES WITH 7ire$tont Factory-Method RECAPPING 6.70 (AMI Free Inspection I Prompt aerrlcel Drive in today your tire, may be a t the danger point I CIRTIFICATI NIIDID II FIRESTONE STORES 214 So. Riverside Medford Phone 4757 Enroll NOW! For work In tha orchard! and packing houm YOUR help Is needed In thia vital Food ior Vic tory" program and put from fruit season saving! nto WAR BONDS1 mS'0 m.;Pa l bo) PREPARE NOW FRUIT HAULING SEASON AROUND THE CORNER Yowl Tinges For the JUST ieck At Once If Repairing or Recapping is Necessary Don't Put It Off Any Longer . . . OYou limply can't fford to have eoitly Interruption! in rruir nauung wn.n .... busy teaion geti under way. Be aure that YOUR equipment It In good me chanical lhape and make certain that your tlrei are In ihape for the hard ter vlca they'll have during the next few weeki. We'll gladly Impect them and help you to keep your fruit truck rolling throughout the harvett aeaaonl BRING US YOUR TIRE TROUBLES We'll Solve Them Quickly 'At Moderate Cost 229 North Riverside Phone 3277 r mm DISTRIBUTORS FISK Tires EXIDE Batteries GATKE Brake Lining Wheels and Drums TRUCK SUPPLIES for DEPENDABLE TIRE SERVICE V I Good Selection of All Wool Fabrics $50 and $55 IRVIN . TAILOR 128 East Main 1 IT