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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 7, 1955)
Very Few Stocks Out off U ne. FrScewSse, Senate BankSng Committeemen Uniformed! Monday, March 7, 19S3 MEDFORD (OREGON) MAIL TRIBUNE THREE For the Best Buy Always Shop the Big Y Sen. George Sees No Acceptable Compromise on Income Tax Cut Hartley Rites at Ashland Tuesday Ashland Memorial funeral services for Charles Clinton Hartley, 74, who died here Fri- dry, will be held at the First Presbyterian chuch in Ashland Tuesday at 2 p.m. with the Rev. James Jandrow officiating. In terment " will be in Mountain View cemetery, under the direc tion of Litwiller funeral home. The deceased was born near Olathe, Kan., on Sept. 13, 1880 He. came to Oregon with his family in 1892 and settled on Griffin Creek. On Nov. 11, 1908, he married Clara Louise Poley of Ashland and they resided on a farm near Phoenix for a num ber of years. He attended South ern Oregon Normal school at Ashland and was an elder in the Presbyterian churches of Phoe- . nix and Ashland for 35 years. He has lived here for the past 12 years. Survivors include two sons, F. Collins, Walnut Creek, Calif., and Joseph C, Portland; three sisters, Anne Stewart, Cottage Grove; Mattxe Mecham, Berk eley, Calif., and , Ada Hartley, Ashland, and a brother, Weldon, Jacksonville. Jelke Vice Trial Starts Again Today New York (U.R) The cur tain goes up today on an un expurgated version of the Jelke vice trial. Minot Mickey Frazier Jelke, 25, heir to a multi-million dol lar oleomargarine fortune, ap pears in Criminal Court to face for the second time charges of compulsory prostitution. This time the public will get the complete story of the vice ring which allegedly provided Cafe- Society with' play-for-pay lovelies whose . fees sometimes were reported to have run ; as higruas $500 an evening. At the former playboy's first trial, Judge Francis L. Valente, "in the interest of good morals," while the prosecutions presented its case. It was on those" grounds that the oleo heir appealed his conviction snd three-to-six year sentence and won a new trial. ' I Washington (U.R) Sen. Wal ter F. George (D-Ga.) said to day he can see no acceptable compromise that would win ien ate approval for an income tax reduction. He made the comment to a re porter as the Democratic leader ship of the Senate hunted for a formula which might muster the votes to pass the Senate. George and Chairman Harry F. Byrd (D-Va.) were the two Democrats on the Finance Com mittee who joined Republicans last week in the 9-to-6 commit tee vote against the House ap proved income tax reduction. The administration opposes the reduction. Feces Almost Certain Defeat The House proposal would lower income taxes for all tax payers and dependents $20 a year starting next Jan. 1. It was tied to the administration bill to extend corporate and excise tax rates now scheduled for re ductions April 1. With nearly all Republicans and several Democrats opposing the House provision, it faces al most certain defeat in the Sen ate unless a compromise is found that can pick up more votes. Sen. Robert S. Kerr (D-Okla.), spokesman for the Finance Com mittee Democrats favoring the tax cut, told a reporter there has been much talk among Dem ocrats about a, compromise. He paid, however, that, nothing had jelled yet and that none of the ideas discussed so far appeared to have the necessary strength. ' Kerr expressed hope that the return of Senate Democratic leader Lyndon B. Johnson this week from a medical checkup at Rochester, Minn., would give new impetus to the compromise efforts:' Would Reduce Benefit But George said: "I can't see any acceptable compromise. Any compromise will further reduce the already insignificant benefit." " Meanwhile, Secretary of the Treasury George M. Humphrey said yesterday that the tax cut would be "just the wrong thing for the little folks" it was de signed to help. Humphrey said the inflation ary impact of the revenue loss would more than offset the ben efits .taxpayers would derive. Non-Farm Work On West Coast Drops San Francisco (U.R)--Non- farm employment on the Pacific Coast dropped seasonally be tween mid-December and. nlid January but for the second con secutive month was above the same period a year ago, the U. S. Department of Labor re ported today. The seasonal decline in Cal ifornia, Oregon and Washington was 191,000, lowering the total number of non-farm employees to 3,956,000. Normally seasonal layoffs amount to 245,000. California laid off 136,000, but its total of 3,815,000 was slightly above the January, 1954, level. Oregon dropped 23,000 from December payrolls, but its employment level of 437,000 ex ceeded the year-ago figure. Similarly Washington laid off 32,000, but its labor force of 704,000 was higher than a year ago. Pier Angeli Shows Steady Improvement Palm Springs, Calif. (U.R) Desert hospital attendants said today actress and expectant mother Pier Angeli was "stead ily improving" but it would be several days before they would know if she would lose her baby. Miss Angeli, wife of singer Vic Damone, suffered a broken pelvis when she fell during an airplane trip. She underwent extensive X-ray : examination Saturday but results were not immediately determined. The hospital said the Italian horn actress, who expected her baby in late August or Septem ber, is an "excellent" patient. "She's very friendly and cheer ful," a nurse remarked. Cecil 6. DeMille's Brother Taken by Death Hollywood -r (U.R) Funeral services for William B. DeMille, stage-screen producer and play wright, will be held tomorrow at an Inglewood Funeral Home. DeMille, brother of Cecil B. DeMille, died Saturday at his home in nearby Playa del Rey at the age of 76. He had retired two years ago as head of the1 University of Sotuhern Cali fornia Drama Department. 12-PIECE BASIC SET 4 DINNER PLATES 4 CUPS 4 SAUCERS ' FRANCISCAN WARE Star burst Pattern AT $995 OPENvSTOCK VALUE $15.40 Never before a budget opportunity like this 12 piece Basic Set; of; Franciscan Ware at a truly exceptional price . C . $9.95. - Same Set Available In ECHO and WOODLORE hubbard MAIN AND RIVERSIDE BH0S..1nc. PHONE 2-6189 Midwest Exchange President Heard As Study Resumes Washington U.R) A stock exchange president declared to day that, judged on their indi vidual merits, 'very few stocks are out of line pricewise." James E. Day, president of the Midwest Stock Exchange, also told the Senate Banking com mittee that an "erroneous im pression" is created when the many stocks on the market are treated "as a single unit" in re porting market trends. Day and Ronald . E. Kaehler, president of the San Francisco Stock Exchange, were the wit nesses as the committee resum ed its "friendly" study of the booming bull market. , Their views were presented in pre pared statements. May Call Winchell The hearings resumed after these week end developments: 1. Sen. Homer Capehart (R. Ind.) said he "is "sure" the com mittee will want to call com mentator Walter Winchell for testimony on the market tips he broadcasts. Winchell said that he wanted to testify. But Commit tee Chairman J. William Ful bright (D.-Ark.) said it is still "premature" to say whether Winchell will be asked to ap pear. 2. Secretary of the Treasury George M. Humphrey said the Banking committee seems to be going about the inquiry "in a very sensible way." He called the study "a good thing" because it is bringing out facts which might help the public under stand the market. 3. The committee asked the Defense department for a list of its 100 top defense contractors to determine the effect of the government's defense spending policies on the booming market. Not Out of Lin Day, president of the largest stock exchange outside New York City, said "sweeping gen eralization" about the market often based on the Dow-Jones industrial averages is ' not a completely factual statement.' A commodity market corn, wheat or cotton can be up or "down," he said, but not a diversified stock market with "hundreds of issues that daily have opposite trends." He said Standard and Poor's stock aver aees which are "broader" than Dow-Jones serve to point up the "fallacy." "The only sound way to eval uate .prices of securities," Day said, "is to analyze them on the basis of book value, earnings per share and yield." "On this basis, it would ap pear that very few stocks are out of line pricewise," he said. Biegel To Continue As Acting Recorder Ashland Elmer Biegel, Ash land city superintendent, who has been acting city recorder since John Austin took leave of absence from the office in Janu ary, will continue as acting re corder for at least another month. The announcement was made by Mayor Richard Neill. The mayor said he would not submit a name for the office to the council for awhile pending official action on a formal ordin ance which will be drawn up by Harry Skerry, city attorney. Austin's term would have run to 1958. Though the city, can call a special election to fill the office, the usual practice is to make an appointment for the remainder of the term. 10-Minufe Flash Fire Destroys Warehouse Forest Grove (U.R) The main warehouse of Haney truck lines was destroyed in a flash 10-minute fire here yesterday afternoon that did between $35, 000 and $40,000 damage. Everett Haney, co-owner of the line, said two trucks, spare parts and a quantity of merchan dise was burned. Haney himself spotted the blaze in the 40 by 80-foot building and managed to drive out one truck before flames consumed the structure. Firemen said they thought the blaze was caused by defective wiring. . SNIDER'S ICE CREAM SPECIAL FEATURES IN THIS AD EFFECTIVE MONDAY, TUESDAY & WEDNESDAY O STORE HOURS: 8 A.M. TO 9 P.M. SEVEN DAYS A WEEK O Mr ..-.,. Finest Quality Assorted mm SCAKJMMPS FANCY . , 39t TENDER Lb.79C Lb.2)c PLUMP TENDER BE SURE TO HAVE MOM AND DAD TAKE YOU TOTHE BIG YTO SEE THE MEXICAN BURROS - WATCH OUR AD FOR BIG NEWS ABOUT THEM! ADOLPH'S MEAT TENDERIZER SEASONED or PLAIN Bottle GERBER'S NEW LARGER CANS JUNIOR FOODS Cans 2' Choice 4-1 b. bag 3fc BUBREE3 ME :. m i IBM'S MflB: DBESii36'? M BUB jlAGR T ES . w M KUB, csso ME v . 1 Pj01 soap I : stop odor u mA mmQpm? BEFORE IT STARTS. fl I M"Jf ' BathSfee . S)rm ( I ill "Jj 4fe I ' II F&&iilm:k' "VSTS I nUT for uic -1 - 10 rgX We Reserve the Right to Limit Quantities
