Medford mail tribune. (Medford, Or.) 1909-1989, December 02, 1945, Image 8

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Medford mail tribune., December 02, 1945, Page 8, Image 8

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Newspaper Page TextEIGHT MEDFORD MAIL-TRIBUNE MEDFOiaUfwTRIBUNI Everyone In floathern Oreio Read! the Mail Tribune" Dally Ku'Pt ieturday Published by MEDFORD PRINTING CO. 17-S9 North Fir St Phone 2141 ROBERT W. RUHL. Editor IRNEST R. CILSTRAP. Manager HERB GREY. Advertising MT. I C FERGUSON. Managing Editor ARTHUR PERRY. Sunday sWItor MRS OLIVE STARCHER, Soc. Editor GERALD LATHAM. Circulation Mgr. An Independent Newapaper Entered aa eeeond elate matter at Medford, Oregon, under Act of March 3, 1879 SUBSCRIPTION RATES Br Mall In Advance: Dally and Sunday one year....$TSO Dally and Sunday six monthe 4 00 Dally and Sundey three moe. a. 10 Dally and Sunday one month .73 By Carrier In Advance Medford. Aihland. Central Point. Jackson ville, Gold Hill. Phoenix, Talent, and on motor routee: Dally and Sunday one year....i 00 Dally and Sunday one month .75 All terms cash In advance. Official Paper of the city of Medford Official Paper of Jackson County United Press Full Leased Wire MEMBER OF AUDIT BUREAU OF CIRCULATIONS Advertising; Representative WEST-HQLLIDAY COMPANY. INC. Offices Ih New York, Chicago. De trolt, San Francisco, Los Angeles, Seattle. Portland, St. Louis, Atlanta. Vancouver. B. C- r OltcloOltisglr'll PulllSHERjrosTuiATItN Ye Smudge Pot Br Arthur Perry Some excitement was causd the middle of the week when the word was whispered an $800 Kentucky bloodhound was look ing sad and sleepy, at an edge of town auto camp. e e e ' Finland wants to borrow $190,000,000 from America. More than that was squandered trvlntf tn. make Argentina Q 'good neighbor', without getting a good neighbor or any oi vnu money back. . e e F.1 Luy, tha Phoenlx-Anta-lope cowpoke had a . birthday Wed. and when a boy fought the two oldest Strang boys on South Front St. e e e Hermy Offenbacher of the Applegate has started getting in his wood for the winter of 1948. a year hence He is unalterably 'opposed to an empty woodshed, e e e The womenfolks have -.tarted fretting about snow for Christ mas, and the promised arrival of Nylon stockings for the Yule- tide. e e e The Les Taylor boy Bob of Phoenix is now playing checks with his Grandpaw from Iowa. Both are mad about the game, e e It Is now December. People h.'-e started thinking about Santa Claus, and a next year's calendar and auto. e e The hs. bb team has started drilling for the coming season, and will make their opening debut on the 14th against the powerful Axemen of Eugene, e e e George Gates, Jr., In the mili tary service for four years, ts now out of same, and in civilian duds. He rejoices at getting back to the valley and home cooking. . A boy two years old from Prospect named Robert towned Frl. for a hair-cut, and reported Dewey Hill, the hired man, needed spanking. e e e Field mice are now bothering the penr tres. It seems there is nothing on earth that won't tackle a pear tree once. e e Dan Cupid tied 50 knots in Jack. Co. last month. The law yers were Just as busy as the preachers, on the other hand. e e e Skiing ts reported fine in the high hills, but as yet no out door enthusiast has broke an ankle, or bctn the object of a systematic search by forest rangers. e The trial of the Nazi war criminals proceeds at a snail's speed. Rudolph Hess advised t.e Judges he had been playing crary. His lawyer maintained this was a sign he actually was crary, and the court leserved decision. The desire to give the Nt-zl rascals a fair trial Is so rampant, they may not get any trial at all. e e Sen. G. Cordon Is home from Washington, D. C which he re ports is one of the must elabor ate messes in history. ' e e e A number of Jack. Co. have new auto license plates, but no new auto to hang them on. e e e H. Flewher, the demon baker, last reported a colonel in Aus tralia, who has been coming home next month all year, Is now due home next year. e e e Snow flakes fell the first of the week briefly. J. Cochran Robin reports he saw one of the sparrow gang grab one tn mis take for a popcorn kernel. Sunday, See. 2, 1945 Are Stocks Too High? Babson See Mora Bull Market New York City, Dec. 1 (Special Correspondence) I am still bullish. - Although the stock market may have a break to correct technical conditions, a believe that it will be some time before the current bull market collapses. There are many reasons for this: 1. The tremendous backlog of unfilled orders 2. The tax reductions for 1S46 3. The very low interest rates, which mean that even at present stock prices one may secure with safety a better inter est return than from banks or bonds. 4. The scarcity of good stocks. There are today fewer stocks listed on the New York Stock Exchange than here were five years ago; with five times as much Idle money awaiting in vestment n Thn wA0f mmnus and ac f nmnnnvinff strikes will only deloy good times; not destroy or prevent them. Besides, merchandise atorlts and leisure stock should benefit from all warn Increases. 6. The fact that stocks are mostly owned outriRht and thnt total stock exchange transactions are today only 6 of national in come compared with 105 in 1020. Keep Some Cash Ready For Break In view of the above, some ra;irinra wnnrlir Ulhv I nlSO 8(1- vise keeping some cash and Governments on hond. The reason is because of the one chjnce In ten of a severe break In the market. This might give such extraordinary opportuni ties for re-investment that it is always advisable to keep a cer tain amount of cosh on hand for this "ono in ten" chance' As an Illustration of whnt I have In mind, let me refer to an Investment List recently issued by a very hlgh-grado Stock Ex change Firm: It is titled "Eight Attractive Stocks". These stocks today sell at an average price of $55.50 and give an average yield of 3.65. Yet these 3amc stocks sold at an average of only $5.00 In 1032. The above docs not mean that in - the next bear market these eight "high-grade" stocks will reach their 1032 lows, but most of them may go down to nenrlv these figures. At any rate, the discrepancy is so great, that it poys to keep a certain Eagle Point Eagle Point, Nov. 30 Bill Clark, son of Mr. and Mrs. .Inhn Clark of this plnce, left Tuesday for Portland to take fjnal ex aminations for entry into the navy. Chester Smith, son of Mr. ana Mrs. John Smith of Eagle Point, will leave for San Diego, Calif., to rc-cnllst in the navy. Mr. and Mrs. II. D. Tycer and two sons returned from Hed mond, Ore., Sunday where they had attended the golden wedding anniversary of Mrs. Tyccr's par ents. They reported very bad weather In that locality. Mrs. Lottie Van Scoy is able to be up and around after a re cent seigc of sciatic rheumatism. Mrs. Jo Abbott and young daughter of Phoenix were Thanksgiving dinner guests of Mrs. Annie Clave and daughter, Jctta. Mr. and Mrs. Kocnlg, lately of Denver, Colo., who purchased the Oscar Frei property here nre doing some Improvments inilde the house and outside. Mr. and Mrs. Clifford Rot.sh of Euglo Point returned Monday from Portland aftrr a week s va cation and a family reunion at the home of Mr. Roush's pari nts. Lincoln Pence was guest of honor at a blrthdoy party and dinner at his home Nov. 23 Present were his mother and father, Mr. and Mrs. Dave Pence. two sisters and husbands, Mr. and Mrs. Lowell Ash and Mr. and Mrs. Fred McPherson, Jr. Fred Just recently returned from 17 months in service on Saipan Mr. and Mrs. Clarence Sinclair drove to Grants Pass last Sun day to spend the day with Mi. Sinclair s parents, Mr. and Mrs. F. J. Sinclair. Mr. and Mrs. Atho D. Gosnell of Roseburg were last week-end guests of Mr. and Mrs. - Orvil Henderson. They left Monday on their way to Lakcvlew, Ore., and Vallejo, Calif., then on to a camp hospital in Texas to See Mr. Gosnell's brother, who is a patient here, a former prisoner of the Japs at Santa Tonias in the Philippines for two years. Mr. Gosncll recently returned from 17 months on Saipan with a bomb squadron. A very pleasant surprise fare well party was held at the Mike Heckenberger home last Tues day foi Mr. and Mrs. Tony Brus- singer, who left Wednesday on the return to their home in Oe trolt, Mich., after spending nfiic months here with the llecken berger's who are their brother and sister. Those present were Mr. and Mrs. Fred Farlow, Mrs J amount of funds available for such rare opportunities when as, and if they return. More Inflation Is Only Choice It is nonsense to attempt to prevent either price increases or labor increases. Inflation has followed every great war. There L no other way of paying for such a war. We must take our choice between more inflation or government repudiation. I have been warning readers of this for the past five years. Those who took my advice arc sitting pretty today. There are two things that can happen in the present situation: (' Unreasonably high prices and profits which will result in in creased employrrent; (2) Unreas onably lower prices and high wages which will result in much unemployment. Neither of these will win out, but, there will be a general compromise by both groups yielding some thing. This compromise may not suit onybody, but it should result in higher stock prices. On the other hand, i Is well to keep some funds liquid in case one chance out of ten something unexpected should happen. Business Nose-Dive Signal To Get Out This column has always been successful In advising when to get into the stock market. As to getting out, it is always more difficult. Preceding 1929 there were many danger signals, but there were almost none preced ing the decline in 1937. Cer tainly, conditions ore very much better today than in 1929 or 1937 when business was uncer tain and when 80 of the stocks were held on bor rowed money. Yet both of these bull .nar kcts 1920 and 1937 were fol lowed by a nose dive in gen eral business; certainly, this is not in evidence at the moment Furthermore, money rates were high in those days, while they today are very low with no im- mcdinte chance of their going higher. The only fly in the oint ment at present Is in connection with labor strikes; and I have never known anyone to make money by selling stocks during labor troubles. Hence, my personal conclu sion is that both the labor lead ers and Mr. Bowles will re treat from their present abso lutely unreasonable stands. If so, much more prosperity sure ly Is ahead and the stock market Is not too high. Moreover. only by such a compromise will much unemploym ent be avoided. 'Millie Tlngleaf, Mr. and Mrs Dobe Greb, Mr. and Mrs. Ed Chamberlain and Mrs. John Reed, sister of Mr. Chamberlain Miss Franc Roed of Seattle Miss Ruth Reed, Sarem, Ore. and Mr. and Mrs. Dean Leighty of Woodburn, Ore., were Thanks giving day dinner guests' of Mr. and Mrs. Edw. Chamberlain of this place. Next meeting of Eagle Point extension unit will be at the home of Mrs. Roy Stanley, Thursday, Dec. 13. Subject will be "Good Taste at the Dining Table," with Mrs. Orvil Hender son and Mrs. Clarence Davies us leaders. Instead of the usual Christmas gift exchange it is asked that each member bring something for the box for con valescent soldiers at Camp White, such as games, books, playing cards, toilet soap, shav ing sets, etc. Mrs. Jane Ellis of Portland left to return to her home last Sunday after spending a week here with Mr. and Mrs. Walter Simmons. Mrs. Simmons is a sister of Mrs. Ellis. The pile of lumber recently de posited near the postoffice is creating quite a bit of conjecture among the townspeople. George Holmes is very mysterious as to what the building will be, but on questioning, he answered that it is to be a hotel, restaurant, etc., and then agnin that it will be a woodshed. So It has been decided by some that it most likely will be a dog house. Customers Thanked For Purchases Bv Playing Of Fiddle Douglas, Wyo. UR George A. Jewell, operator of a lonely filling station 10 miles from here, thanks his customers by playing them a tune on his fiddle. Jewell, 69, explains that he used to dance for his customers but his doctor put an end to that because of a bad heart "Turkey in the Straw" and "Happy Land" are favorites of Jewell, who claims he purchased his violin in 1914 for $5.50. It bears the label, he si.ys, of "Facieiuttttanno, 1730.'' Jewell, a gray-benrded former South Dakota baseball player, explains he is "a student of human nature." and believes that "everyone responds to music." The right name of Jock Domp sey, former heavyweight cham pion of the world, is William Harrison Dompsoy. PEGGY JOYCE TO 1RCH 10 ALTAR FOR FIFTH TIE New York, Dec. 1 (U.R) Peggy Hopkins Joyce, the for mer Ziegfeld Follies showgirl, society matron and countess, will be wed for the fifth time early this week to Anthony Eas ton, a British-born consulting engineer from the west coast, the New York Daily Mirror said tonight. They will be married In New York at a civil ceremony in the chambers of a supreme court Justice, the Mirror said. Easton, who has been living with his mother in Westwood, Calif., a suburb of Beverly Hills, is a naturalized American citi zen who has been working as a chief engineer on aircraft test ing equipment during the war. Easton met Peggy at a dinner party in New York last June. He was divorced in Reno two weeks ago, the Mirror said. The matrimonial ventures of Peggy Hopkins Joyce are almost as well known as those of an other New Yorker Tommy Mnnville. The daughter of a barber, born in a small Virginia town an unknown number of years ago, the dazzling blonde was first married in 1910 to Everett Archer, a Denver millionaire. She divorced him six months later. Three years later she eloped with a wealthy lawyer, Sher burne Phillbrick Hopkins, Jr., who established her in Wash ington society. He objected to her aspirations to appear on the stage, so she left him and went to New York where she rose to fame in the Ziegficld Follies. J. Stanley Joyce, a millionaire lumberman, was her third hus band. He persuaded her to give up the stage, divorce Hopkins and marry him. But Hopkins started the divorce proceedings and was given the decree in 1920. Peggy was married to Joyce two days later. But after a six-months honey moon in Paris, they became estranged and she shortly was a free woman again. For four years Peggy stayed single, but in June 1924, while appearing in Earl Carroll's Vani ties, she succumbed to the charms of Count Gosta Morner, an Americanized member of the Swedish nobility. They lived to gether for only two months and, In 1926, were divorced by a Paris court. For the past 19 years, she has been single. Dried Eggs Seen Help To Cooking Lincoln, Neb. (U.R) Note from the things-to-come depart ment: dried eggs soon will be used extensively in this coun try. Reports from agricultural marketing specialists indicate home-makers testing the eggs have used them with success in baking and cooking. The dried eggs never will take the place of shell eggs, but they have some advantages, according to the specialists. However, the experts are cer tain that anyone who has had a son, husband or friend over seas will have difficulty getting the dried product into the house. Siamese Porkers Share Same Head Beatrice, Neb. (U.R) Siamese twin pigs are being studied by Beatrice veterinarians and farm ers. The twin porkers were Joined at the shoulders, and shared the same head, which contained a double tongue and two sets of normal teeth. Below the shoul ders, the, animals were equally sized, normal and well propor tioned. The twins were born In a lit ter of nine from a cross of a Hampshire sire and a Duroc Jersey dam. The Chesapeake Bay retriev er Is the only hunting dog whose development occurred entirely in the United States. Friendly Service in a Savings and Loan Assn? THAT'S WHAT WE OFFER Friendly consideration of your Home Loan Problems. Jackson County Federal SAVINGS & LOAN ASSOCIATION 126 East Main EXPLAINS USE OF Tn IIMIIUI IU San Francisco, Dec. 1 (U.R) U. S. vessels must be sailed for commercial purposes to "pro tect American trade and com merce," the war shipping ad ministration said tonight in ans wer to national maritime union charges that ships capable of carrying troops are being used for cargo and civilian passenger service. Commander W. C. Peet, Paci fic coast director of the WSA, replied to charges made by the International Longshoremen's and Warehousemen's union, which will lead four other CIO maritime unions in a nation wide 24 hour work stoppage Monday In protest against delays in returning veterans from over seas. The ILWU today asserted that the SS Mormactern, which re cently returned 400 troops from the Pacific, sailed this morning from San Francisco with com mercial cargo and passengers for Argentina, despite a WSA statement that "no ships capable of carrying troops have been diverted to commercial pur poses." Peet said the Mormac tern had proved "unsuitable" for troop-carrying. Meanwhile, following a hear ing of waterfront employers and union officials before Prof. Stuart Daggett, arbitrator under the Pacific coast longshoremen agreement, Daggett announced that the threatened "stop-work" demonstration would constitute a violation of the coastwise agreement between the union and employers. Daggett's decision pointed out that he has no injunctive power and can issue no rule or order with respect to future action by the ILWU. Union officials contended that the arbitrator had no authority to render a decision before any possible violation of the contract could occur, but Daggett's state ment said he "feels that some expression of opinion is called for." Daggett's decision was an nounced 24 hours after Vice Adm. Emory S. Land, war ship ping administrator, wired Harry Bridges, president of the ILWU, charging that the union's "ill conceived propaganda tends pri marily toward discouraging, dis illusioning and demoralizing men and women of our armed forces depending on water trans portation homeward." Peet told the United Press that "foreign flags already are flying in the foreign runs and we've got to protect American trade and commerce." Jaywalker Humbled By Police Officer Indianapolis U.R) Police Patrolman Charley Ford was in the process of reprimanding a jaywalker who Ignored the traf fic lights and started across a street. The behumbled pedestrian tapped his ear, indicating that he was deaf. Ford held up one hand and wiggled his fingers, as though he were talking sign language. "Okay," said the paywalker. "You've got me. I can't talk sign language." ! "Neither can I," Ford retorted ! "Now run along and watch ; those lights." j CALIFORNIA QUOTA San Francisco, Dec. 1 (U.R) The regional office of price ad ministration announced today that northern and central Cali forma motorists will receive 89, 717 passenger tires in December as their portion of the national allotment. SEEK FIREBUG San Rafael, Cal., Dec. 1 (U.R) A firebug, who started 11 fires within a four-block radius of the downtown district last night en dangering a church, a movie theater, a hotel and other build ings, tonight was sought by police and fire officials. Closing time roi Classified Ads 8-30 a rn loo Late It- Classify 12:13 p m DELEGATES VIEW London, Dec. 1 (U.R) United Nations delegates listened today to hours of American travel ogues and speeches and looked at motion pictures and brochures designed to persuade them that the organization's permanent home should be in an American city or area. Delegations from eight of the 23 American two Canadian areas seeking the permanent site of UNO presented their cases in person. They were from Atlan tic City, N. J., the Black Hills of Nebraska and South Dakota and Wyoming; Boston; Chicago; San Francisco; Denver; Newport, R. I., and Philadelphia. While the preparatory com mission's sub-committee on the site was hearing the evidence, it was reported that strong Rus sian support was being given a proposal to locate the world or ganization in the vicinity of New York City. The United Press learned from a well-informed source that the Russians were favoring location of a site on the east coast of the United States preferably near New York. The source discussed the possibility of Hyde Park, N. Y., which has had the serious consideration of many delegates in view of its association with the late President Roosevelt. Chinwanglao, Dec. 1 (U.R) Chinese communist "rover bands" kidnapped four Chinese nationalist government officials yesterday in- a daring, behind-the-lines swoop into the coal mining town of Haiyang. The rover-bands, climaxing a week of increasing communist activities in the areas passed by Gen Tu Li Ming's troops in their push toward Mukden, captured the Authorities left in charge of the town of 10.000 persons by Tu, supreme commander of the nationalist forces. Onion Odor To Be Eliminated Middletown, N. Y. (U.R) American Dietaids Co. has until next April to figure out a way to dehydrate onions odprlessly. A new city ordinance requir ing the elimination of odors from tanneries, vegetable pro cessing plants and manufactur ing establishments becomes ef fective April 30. J. G. Spitzer, company presi dent, said the firm's war con tracts would be completed by next April and unless some means of eliminating objection able odors had been found by that time, the dehydration of onions at the plant would be halted. Use Mall rrmune want Ada GENE THOMAS making Loans f $25 to $450 or more on furniture, autoi or other collateral, is our ONLY business that's mighty im portant to rr. Next time you can use a loan give me a chance to say "Yes" won't you? I'll consider it a favor. OREGON FINANCE CO. Craterian Bldg 15 SO. Central CONGRESS FOR UNITED EVANGELISM SPEAKER 3:00 P. M. DH. WILLARD POPE SPEAKER 7:45 P. M. J. JACK PASKELL December 2nd Through I4lh FIRST BAPTIST CHURCH Fifth and No. Central Are. Flight o' Time Mediord and Jackson Co His .ory from th. files ot th Mail Tribun. 10. 20 .nd 34 year, aoo TEN YEARS AGO December 2, 1935 (It was Monday) State unemployment ceases, and jobs offered to able-bodied. Wild spending of New Deal stirs nation. Public debt expect ed to reach new high. Sun comes out, after valley is wrapped in fog for week. Cloudy, with rain. High 52, low 38. Return of prohibition in ten years predicted by Methodist bishop. Coach Bowerman reports Black Tornado is definitely through for season, "and wouldn't play in Rose Bowl if implored to do so." TWENTY YEARS AGO December 2, 1925 (It was Wednesday) State deDartment asks Gov. Pierce to file report on anti-Jap riot at Toledo last summer. Probable rain. High 51, low 34. Rudyard Kipling, famous Bri tish author, seriously ill. Junior high to give "The Ar rival of Kitty" Friday night. Legion members to police . . - . - . t Unll Medfora - saiem niBu game Saturday. Ordinance proposing $100 tax per year on an siures acmne, tobacco, fails co be introduced at council meeting. THIRTY .FOUR YEARS AGO December 2, 1911 (It was Saturday) McNamara Brothers found sniltv oi 'Times' dynamiting. They confess crime. Life term looms. Fair and clear. High 54, low 28. Prospect power plant nears completion. Paralyzed Judge Drives Auto With All-Hand Controls Harriman, Tenn. (U.R) Jus tice of the Peace Chester Hamby of Harriman has driven his car 90,000 miles in the past two years, despite the fact that he is paralyzed from the hips down Hamby, a former state high way patrolman, sustained a broken back when his motor cycle collided with an automo bile in 1939. Since then, he has not had the use of either leg. Hamby worked out his own method of driving a car without the use of feet or legs. He in stalled a finger control air brake with booster tank and a hand control gas throttle attached to the steering post. The gadget can be used on any cat by at taching a booster to the clutch, Hamby says. The effectiveness of the gad get is proved by the fact that Hamby passed the state automo bile drivers' examination. Use Mall mnune am Ads YES MAN I'm the "Yes" man at Oregon Finance Co. . . . that is I'm the man who likes to say "Yes" to requests for Personal loans. You see I'm the man who's re sponsible for building up our business. The more times I say "yes" to requests for loans the more business we do. And since Telephone 4433 110 UNION AND GENERAL MOTORS PARTIALLY AGREE Detroit, Dec. 1 (U.R) The CIO automobile workers union tonight accepted a company pro posal to resume l liited opera tions in the strike bound General Motors system for supply of crit ical parts to other car manufac turers. R. J. Thomas, president of the striking United Automobile Workers union (CIO), notified General Motors by letter that "I feel your proposal is a gen erous one" which "I shall of course accept." However, opposition to the plan was developing among local unions. Officials of Local 651 at Flint, Mich., telegraphed Thomas tonight that the local would re fuse to end its strike against the AS Sparkplug plant, one of those affected by the GM offer. The telegram said: "We vig orously protest any back to work agreement for any portion of our people. Our plant is shut down 100 per cent and we intend to keep it down 100 per cent until our just demands are won." The plant employs about 9,000 workers. SISKIYOU CAMP MEET Siskiyou camp and hospital of the Red Cross will hold the quarterly meeting here Thurs day, with Phil Hitchcock, Klam ath Falls, chairman, planning to come to Medford to preside. It is to be a luncheon meeting at the Medford Hotel at 12 noon. Reports of the Red Cross holi day gift project and of other activities of the council will be given during the meeting. Use Mall rrmune Wan- Ada. & BURGLARIES? Yes, the news is full of them lately. Protection against such losses costs only from $7.50 to $15.00 per year. It I iry-vi-ioimes Vagengy HBMCE 1909 Where Insurance Is a Business Not a Sideline) 203 Medtord Center Bldg. Tel 4444 H"H--.-...H.4 I YOU DEAL With Local People Who Understand Local Prob lems When You Make A Home Loan At FIRST FEDERAL J Savings & Loan Assn. ot 1 T Medford T J See Mr. Kyle I 27 North Holly I WASHING MACHINE REPAIR FOR ALL MAKES Also Refrigeration Service Younger's Appliance 31 N. Bartlett Phone 2419 CHICKEN and STEAK DINNERS KING S CAFE Owned by OTTO and WAVE KING Highway 99 at Tulent Corns Out and See the Bears You Can Depend on Humphrey to Give- You a Good Deal it you want to Buy or Sell a USED CAR Humphrey Motors Used Car Exchange 33 S. Riverside Ave.