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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 14, 1946)
EIGHT MEDFORD MAIL TRIBUNE Babson Discusses Market Breaks No Need for Duplicating 1929 Maneuver By Roger W. Babson New York City, Jan. 12, (Special Correspondence) Is another severe break In jtock market prices necessary? Per haps someday, but not just now. Need the market go up to a peak, as in 1829, and then come down with a crash? Certainly not. It is possible the "top" of the market could be a level plateau extending over months or perhaps years Instead of a "peak". May Hold High For Soma Time Heretofore bull markets have culminated in peaks. Due to this fact, my friends here in Wall Street think this must always be true. But because of cheap money and the excellent work that the Securities & Exchange Commission is doing for small investors, my Wall Street friends may be mistaken. The top of the present bull market may consist of a levelling off process whereby stocks could continue to sell at their highs for some time. Most of the business leaders are sore at Walter Rcuther and the C.I.O. crowd in his attempt to mix up wages with profits. I grant this is an entirely new de parture. The typical capitalist doesn't like anything new un less it changes the rules in his favor. But may not Rcuther be a friend of the small investor by his prevention of abnormal profits and the sustaining of purchasing power? Market Breaks Are Possible This is not saying that a se vere break in the stock market cannot come. It is very possible that the United States may get into a jam with Russia or some other country which could bring about World War III. Then there could be a collapse in city real estate and many industries, cspc- eially those in vulnerable cities near the sea coast. But with this there should be a scramble for self-sustaining small farms away from the evil effects of atomic bombs. Why people do not give more thought to the future is beyond mo. Surely, the only TRULY safe "life insurance" is good mother earth. I have some for each of my grandchildren. Perhnps a more likely reason for a market break would be a fear of Communism or Social ism. When people In tills coun try are flnully convinced that Europe is going Socialistic and that the cloud is constantly mov ing westward, Investors will be gin to sell. Banks, railroads, utilities, coal and oil stocks, and the stocks of such other large industrials as are now being "nationalized' in England and Kuropo will be liquidated first. Then there would be no buyers for these stocks, prices could crumble quickly; and the entire market could severely decline. No Halfway Cround Seen For Future But eliminating the above scares, it is very possible with 'the present money situation, aid ed by the S.E.C. and the C.I.O., that the stock market may be stabilized at a high level for a few years, as it stabilized at a low level from December, 1038 to December, 1042. Mind you, 1 am not guaranteeing anything Wood and Coal Combination HEATERS Younger's Appliance 31 N. Eartlctt Helps brtak up cold's local congestion so AWAY GOES COUGH'S TIGHTNESS MFYVfifWVM Just rub Penetro on C- 4 chlMi cheit, throt tiCiJ- 1 nml back and you in ' ..,1 help breaK up local 1 corurefltion. ease chest muicle aorencsa. (2) re- Mk,.j lipvn pnln at nerve r r4 endi in the akin, (3) jfJ looirm phlegm , Jm 0k ") pora help you Urea t ho tro acta faat, for it a Crindma'i famous mutton auvt Idea made v?n better by modern Hence. Tho family, i especially, en ielro. Z.Sc. dou pply 3ic. Demand 1 -i Pfwi-Cola COTipann, Lone Island Citf, N. Y. Trtnchited Bottleri Pepsi-Cole Bottling Co. ol Medlord Monday. Jan. 14, 1 948 excepting that conditions today are different from ever before. Either we are moving into a more stable world or else a large percentage of our present world is going to be wiped out. With atomic energy facing us, there can be no half-way ground. But who created this atomic energy? We know that the an swer is "God created it"; in fact it may even be a manifestation of God. If so, it has unlimited possibilities for good for mak ing a healthier, happier and more prosperous world. Hence: I believe that atomic energy may bring about the spiritual awak ening which this old world so much needs. If so, this discov ery alone will be well worth the entire cost of World War II both in lives and property. Mar ket breaks seem very small mat ters to me compared with these truly magnificent possibilities. SOCIETY and CLUBS (Continued From Sunday) Musicale Given At Taylor Home Third of a scries of monthly musicalcs was given at the studio of Mrs. Nell Taylor, piano teach er, Saturday afternoon. Mrs. Taylor's home is at 11 Modoc avenue. Participating were Sandra Hubbard, Sharon Jean Mcrkel, Betty Jane Clark, Mira Jean Frohnmayer, Marilyn Payne Shirley Boitano, Sylvia McCabe, Gordon James, Diane Finley, Jcaninc Findley, David Whiscn ant, Jacqueline Foertner, Glcnna James, Harriett Dowson and Clare Cordier. Union Meeting Held Thursday Mrs. F. I. Caulkins was In charge of the meeting Thursduy of the Womans Christian Tern peranco Union at the home of Mrs. Edna Pursel. Legislation was the meeting topic. Excerpts from letters appear ing In the Union Signal were given followed by the afternoon devotionn'l by the Rev. Edwin Cox. A letter from the super intendent of the children's farm at Corvallis, written in upprccla tlon of gifts sent the farm, was read to the group. Refreshments were served by Mrs. Millie Tucker. News of 4-H CLUBS Antelope 4-H Maureen Friend, Reporter Election of officers was held at the last meeting of the Ante lope 4-H club with Patricia Greb, former vice president, calling the meeting to order. Nadiuo Davit's was named president; Lois Nelson, vice president; Noreno Hanscom, secretary; Maureen Friend, re porter; Kathleen Dovics, pro gram chairman, and Dorla Friend, yell leader. Next meeting will be held Jan. 19 at the Friend's home. Court House News Divorce Decreet Helen B. Davidson vs. John E. Davidson. Thada A. Griffiths vs. Clar ence D. Griffiths. Mildred Kenton vs. Thomas Kenton. Viola Evcrson vs. Floyd Ever son. Clarice V. Gardner vs. Don M. Gardner. Police Court Dahlborg, drunk, Stcn fine. $10 Harry T. Jones, drunk and disorderly, Jailed. Edward J. Corvelyn, drunk and disorderly, five days Jail. Richard W. Ruff, disorderly conduct, five days Jail suspended Us Mai) Tribune- YVant Ads. SMALLBUSINESS:2-ST0RY BUILDING INVITED 10 HEAR LOCAL ECONOMIST Declaring it Is time "small producers, manufacturers and processors pooled some of their interests by coordinating their businesses, revitalizing small towns and recovering credits, industrial and commercial acti vities lost," Frank Nelson Tay lor Cummings, engineer econo mist, of Meclford will present a program to small producers, manufacturers and processors of southwest Oregon at a meeting at 8 p. m. Jan. 24 at the Mcd ford hotel. In announcing the meeting, Mr. Cummings, a former resident of Los Angeles and Portland, and who is author of a brochure on economic stabilization, said many of the most oacKwara states have rich stores of na tural resources which have not been considered. "Local com munities," ho said, "arc resource institutions from which the peo ple of the country must draw their supplies for luxuries and necessities. "The indifference of local peo ple toward utilizing their natural wealth for its full value in and to their community has forced an overburden of outside in terests to absorb the life-blood from the local people," Cum mings declared. OF Property owners In Medford were urged today by Director Folger Johnson of the Federal Housing Administration to co operate with FHA in obtaining maximum use of existing struc tures to help relieve the hous ing shortage especially for re turning veterans. In accordance with instruc tions from Washington head quarters, the FHA in a move de signed to provide additional liv ing accommodations for return ing veterans would resume in suring property Improvement and rehabilitation loans on more convenient terms,' he an nounced. Such loans may be for amounts .up to $5,000 repay able In small monthly install ments extending over a period as long as seven years. The present policy of the FHA is directed toward encour agement of the private building Industry to produce as many new dwelling units as possible as quickly as possible, particu larly in low and medium brack ets of both sales price and rent als. Property owners desiring loans should consult their local lending institutions. As a means of aiding In this the FHA will insure such property improve ment lonns up to $5,000 for a term up to seven years under the following conditions: 1. Tho property must be In a "war housing area" which has been designated by the President. 2. The improvements must provide additional living accommodations. 3. Occupancy priority must be given to veterans of World War II. DOOLITTLE HONORED New Orleans. Jim. 14 (U.R) Lt. Gen. James II. Doolittle, who once flew a soupedup speed plane in the air races here, re turned today to dedicate an air port of the future. SMOOTHEST L C. TAYLOR CO. Dod9c Plymouth AT Phoenix, Jan. 14 A two-story pumice brick business structure is being built here at the 1st street and highway 00 intersec tion by Mr. and Mrs. G. G. Skin ner. The 66 by 42 foot building will house three businesses and apartments, the Skinners say. Occupying the structure will be a fountain and ice cream plant a restaurant and novelty shop with a novelty factory m the rear. Mr. Skinner will operate the fountain and ice cream plant himself and will rent or lease the remainder of the building to an undisclosed individual. Mr. Skinner is a city council man here and Mrs. Skinner is postmaster. Gold Hill Forms New P.-T.A. Unit, Officers Elected Gold Hill, Jan. 14 Parents and teachers of Gold Hill meti Jan. 10 in the school building to form a new P.-T.A. unit, accord ing to the Jackson county Coun cil of Parents and Teachers. At tending from Medford were Mrs. James Hoey, Mrs. Dec New ton, Mrs. W. R. Glass and Mrs. H. O. Colburn. Officers elected include, pres ident. Mrs. Floyd G. Lance; vice president, Mrs. Melford Hood; secretary, Mrs. Noel Kellogg; treasurer, Wilmcr Bailey. (tegular meetings have been scheduled for the second Thurs day of each month. Principal of the combined grade and high school is Mr. Ferd Jones. BRISBINE WILL BUILD OLD STAGE ROAD HOMES Francis Brisbine, local con tractor who is developing a homcsite tract on the Old Stage road near the north city limits of Jacksonville has his initial residence near completion, he announced today, and he invites the public to inspect the model structure. City water and lights are available at the site and the con tractor plans to construct homes according to the purchaser's designs, on tracts of one to one and one-half acres. He will also aid in financing the pur chase. INDIANA TEACHER JOINS TALENT SCHOOL STAFF Talent, Jan. 14 Carl Summc, who formerly made his home in Indiana, has been added to the grade school teaching staff here according to Principal Roy Parr. He is teaching the sixth and seventh grades. Summe attended Transylvania college in Kentucky. 30 SHIPS TIED UP San Francisco, Jan. 14 (U.R) Approximately 30 ships were1 tied up in San Francisco Bay i when 7,000 CIO longshoremen ! quit work for 18 hours Saturday 1 to attend a mass meeting consid ering demands to be made on em ployers in tile union's new con tract now under negotiation. 1 BOYS AND A GUN Anaconda. Mont., Jan. 14 !U.R! Gerald Mosted, eight-year old son of Mr. and Mrs. Ted Mosted, of Anaconda, was kill ed accidentally today by a bul let from a .22 calibre rifle held in the hands of a 10-year-old playmate. Nebraska, known as the Corn- huskcr state, is officially desig nated as "The Tree Planter's State." CAR AFLOAT 112 South Riverside IN OUTNUMBER WOMEN IN SQCE WINTER QUARTER Southern Oregon College of Education, Ashland, Jan. 14 Enrollment for the winter quar ter at Southern Oregon College doubles that of a year ago with the men outnumbering the wo men. This ratio is unique in the history of the institution. Fifty-five of the seventy odd men enrolled are veterans. The college has resumed most of its prewar activities. The social program started off with an all school skate party this week and next week the plans call for a dance. Nearly three squads of men turned out for the first basket ball practice last Wednesday. Jerry Gastineau, former coach at the Ashland high school is basketball mentor for remain dr of the season. The college team plans to play independent teams this season, because of (n0 jate s(art. Students may register for another ten days in any of the curricula offered. These include teacher education, junior col lege or lower division, medical dental assistantships, merchan dising, secretarial science, and radio-electric service. Many men are enrolled in prepro fessional courses leading to en gineering, business, and law, which they plan to pursue at (lie state college or university. All students have been satisfac torily housed. Living accommo dations are still available. E One of three sectional meet ings of the Southern Oregon Production Credit Association will be held in Medford, Janu ary 23, at the Holland Hotel, Arthur M. Boner, secretary- u treasurer, "has announced. Sec tional meetings were decided upon so as to give a maximum of the association members an opportunity to participate. Election of two directors and the progress reports of the as sociation will be high lights of the meeting. Otto F. Allgaicr, treasurer of the Production Credit Corpora tion of Spokane will be present to participate in discussions and address the meeting. A complimentary luncheon will be served at 12:00 noon. T E Grants Pass, Jan. 14 Janu ary term of circuit court open ed at the county courthouse this morning with Judge H. K. Hanna of Medford, judge for the Josephine and Jackson county circuit, presiding. A venire of 31 men and wo men has been selected by the sheriff's office and county clerk's, office to provide jurors for the session. From these, the seven for a grand jury will first be chosen.' District Attorney O r v a 1 J. Millard said that he had several matters to take before the grand jury of which all were secret except the case of Alfr.ed Gillham who is now in the Jose phine county jail awaiting grand jury hearing. He waived preliminary hearing recently in justice court on a charge of as sault with intent to kill follow ing the early morning shooting December 27 which resulted in the wounding of H. A. Wil banks. County Clerk Ben W. Cou tant said that he knows of no jury trials in civil matters to come before this session. Robert Henselman Pays Brief Visit '. C. Robert Henselman, navyi chief storekeeper, visited hisj uncle, E. G. Henselman, 415 Ed wards street, and other relatives ! Friday en route to San Diego for j re-assignment. Henselman was ! winding up a 33-day furlough I during which he had spent iiTtHillij-iniiaUK ENRICHED ENRICHED BREAD To Be Certain of the Best, Choose the Package With the Distinctive Red End Christmas with his parents, Mr. and Mrs. Charles F. Henselman Minot, N. D., his first at home in eight years. The navy man was transferred some months ago from the de stroyer Gillis to the air service and has been on many missions in the Pacific, his last being as tail-gunner on July 26, 1945 with the Mitsubishi aircraft fac tory at Nagya, Japan, as the ob jective. Chief Henselman, who holds the Purple Heart, Pres idential Citation, American De fense, American Theater, Asiatic Theater and Letter of Commen dation signed by the president, CLEANS AS 5s. DYANSHINE PASTE SHOE POLISH ModebytKemoV"'''"0" LIQUID DTANJni." . . u: kas Liquid uy"" - - - ( been " Your dealer '- - just as " ,. lerials . available, Ia Dance Classes Are Still Being Formed Why not be a popular partner at your next party? 2 Learn to dance the easy way and be a sought after dance partner. 3. Hates on Fox Trot, Walt and Rumba and any other Ball room Dance you may want to learn are surprisingly low. ) fnone 5864 between 6 p. m. and 10 p. m M,.Vpl- every evening except, Sunday. mm,. 7-4. Medford Dance Studio MERRICKS ITT5. Is finishing his tenth year in the navy. He was born and raised in Medford. Reclamation and Irrigation work worth $17,000,000 is plan ned shortly for Wyoming. t IWICE o, MAN Y. . .TWICE GOOD Hq1 BLADES OOUIll IDOI tINOll IDOI l0for21 StWl9 Distributed by McDonald Cand: Ce, and sold by all live dealers. IT SHINfS Ask for BLDG. Phone 5864 1 L
