I
1
Market Break Said
'Emotional Spasm '
Economy Said Sound
New York (U.R) Financial
experts today described the
tock market break as an "emo
tional spasm" and insisted the
nation's economy is basically
sound.
Government officials and Wall
Street .financiers pointed out
that there has been no overnight
change in business conditions
and predicted it would continue
at -high levels of activity
throughout the year.
The break which began with
the opening of the market Mon-
rAdri
lenne s
WEDNESDAY NIGHT
SPECIALS
in
the
Department
NYLON ,
Gowns
by Kickernick -and
Strutwear
Lavished with
Luxurious Laces
and Net.
$59
8
Values $ J 29S
DUSTERS
Brunch
Coats
and f?rt.Av
Lovely nylon or cotton
seersucker ... in pastel
colors and attractive prints.
Oeen 'Til 9 Wednesday Evening!
AdrienneV
214 I. Main ' Phone 2-7169
day was the most severe for any
single day since Oct. 28, 1929.
The values of all shares listed
on the New York Stock Ex
change dropped by approximate
ly SI 1.000,000,000.
The Dow-Jones industrial aver
age slipped 32 points, a record
drop for any single day with the
exception of Oct. 28, 1929, when
the average fell 38.33 'points.
Percentage Declines Wide
Percentage declines were
vide 6.79 in the rails; 6.54 in
the industrials and 3.75 in the
utilities.
Individual losses in the lead
ing shares . ran high. Bethlehem
fell $14; Kennecott Copper,
12.50; Du Pont, $15.88; Texas
Co., $10; Union Pacific Railroad,
$18; Anaconda Copper, $8.25;
General Motors, $8.88; Chrysler,
S8.25; Standard Oil (NU) $8.63;
Union Carbide, $8.88, and Unit
ed States Steel, $5.13.
All financial sources agreed
that the decline was triggered
by President Eisenhower's ill
ness, the conviction in some cir
cles that he would not be avail
able for a second term, and that
any other Republican candidate
for president would be much
less likely to win in 1956.
A Democratic administration,
some quarters reasoned, would
be much less sympathetic to bus
iness. .
Secretary of the Treasury
George M. Humphrey issued a
statement saying the President's
illness is a "cause for sadness
but not of alarm-"
"There is no reason to antici
pate any change in the Eisen
hower administration," he said.
Financial sources agreed that
the emotional spasm" .which
brought on the wave of selling
probably was overdone. But
they admitted that a wide de
cline often brings furthej- sell
ing in its wake some of it of
the distress variety. .
Delia Park Site
Favored in Portland
Portland (U.R) A member
of the commission which has the
job of selecting a site for Port
land's $8,000,000 exposition and
recreation) center suggested last
night he might vote for the
Delta park site. '
Clyde Crosby, local labor lead
er, told the Central Labor Coun
cil he favored the Broadway
Steel bridge sile'lbut... would
compromise If certain ;"jbbjects:
to the Delta, or1 Vanport, site
were overcome.
Crosby said it appeared that
no solution' appeared possible
without a compromise. "Two of
the commissioners appear to pre
fer the Delta park site. Two oth
ers lean towards the south audi
torium site." Crosby is the fifth
member. He said he had several
objections to the south audi
torium site.
MR. AND MHS. EDDIE FISHER
. Famous Pair on Honeymoon
Debbie Reynolds Weds
Singer Eddie Fisher
In New York Rites
Grossinger, N. Y. (U.R)
Singer Eddie Fisher, despite all
the reports he wouldn't married
actress Debbie - Reynolds and
they were honeymooning today
at an undisclosed spot.
The year-old romance between
the bobby-sox idol and the young
actress reached its climax Mon
day night at this Catskill Moun
tain resort where Fisher began
his meteoric rise to fame a dec
ade ago at $30 a week.
It was a simple, but double
ring ceremony that lasted three
minutes. At the end, the diminu
tive Fisher kissed his petite
bride lustily, and she breathed
a sigh that was plainly audible
to the three dozen persons who
witnessed the marriage.
For Fisher, 27, . and his 23-year-old
bride, it was their first
marriage. . And for the honey
blonde ; actress, she said she
hoped it " would , be ' her last.
Asked if she planned to raise
a family Debbie replied de
murely: "Doesn't everyone plan to
have a family, eventually." i
Married by Judge .. -'
The civil ceremony was per
formed by Sullivan County
Judge Lawrence Cook, arrayed
in his judicial robes. He and the
happy couple stood in front of
a flower-baiiked 'fireplace in the
living room . of Dr. and Mrs.
David Etess. . Their home is a
part of the resort area.
Actually, the wedding was de
layed almost an hour because
Fisher's mother, Mrs. Kate
Stupp, en route here from Penn
sylvania for the nuptials, was
delayed by heavy traffic ,in
Philadelphia. .".-
' Debbie is a Protestant and
Fisher is of the Jewish faith. In
concluding his remarks, Cook
told them, referring to the Jew
ish holy days which ended a
few hours before the. wedding:
Sunday Marriage Planned
"I know this ceremony orig
inally was planned for Sunday.
I admire you, Mr. Fisher, for
keeping the precepts - of your
religion and you, Mrs. Fisher,
for respecting yours; husband's
beliefs:": -. '
The newly weds declined to
say where they would , spend
their wedding night. But for the
time after that-as in the life
of all people in showbu'siness-
their whereabouts - will be no
secret. . '' ' ' .;..
Wednesday . they will be in
Washington- where : Eddie will
appear , at a convention of the
people who .bottle the soft drink
which sponsors his TV and ra-
Ik! vm s7- :
t
solid r
I
t
I
J.
only t
. . . and potatoes are
just one of the inviting fresh
fruits and vegetables
featured .this week in the
All your money back
on any item
that doesn't please you
Painting Located
In Antique Shop
Da Vinci Original
Chicago (U.R) The art direc
tor of the University of Notre
Dame said today a painting pur
chased for $450 in a New York
antique shop has been identified
by Europe's "four top experts"
as a $1,000,000 Leonardo da
Vinci original.
Dr. Maurice H. Goldblatt said
the experts agreed with him that
the painting, "Madonna and
Child" is the work of Da Vinci,
the most brilliant figure of the
Italian Renaissance.
Value Estimated
He estimated the painting, an
oil on wood measuring 25V4 by
inches, at about $1,000,000.
Goldblatt said the work, as
cribed to an "unknown artist,"
was purchased last year by
Hanns R. Teichert, a Chicago art
dealer, who found it while
browsing in XMew xotk.. ai
Teichert took the painting to
Goldblatt, who . decided fhere
had beqn some restoration,- but
that the rest of the work was a
Da Vinci original.
Scholars Agree
Confident he was right. Gold-,
blatt took the painting to Eu
rope this summer, where he said
all "four of the "greatest schol
ars on the subject" agreed with
him.
He identified the authorities
as Dr. Giorgio Nicodemi, Milan,
Italy, organizer of , the "Leon
ardo Da Vinci Exhibition of
1940" in Milan; Louis Reau, pro
fessor at the Sorbonne in Paris;
Dr. Thomas M. Judson, former
curator at the Vatican Art Gal
lery in Rome; and Dr. Max
Friedlander of Amsterdam.
dio shows. Then he and his bride
will see a World Series game
in New York. And on Friday
they will go to South Bend,
Ind. where Eddie's TV show
will originate from the Notre
Dame campus.
Tuesday, September 27, 1955
MEDFORD (OREGON) MAIL TRIBUNE THREE
'
SPEAKER " Harlan L. P.
Wendell, of E. I. du Pont de
Nemours & Company, will speak
at the Wednesday meeting of
the Medford Lions club, it was
reported today. The meeting will
be at 6:30 p.m. in the Jackson
hotel. His topic wil be "Prog
ress Must Be Created," and he
will discuss factors leading up
to progress in America. . ,
Ex-Eugene Policeman
Cuts Guam Death Toll
Portland (U.R) ,A member
of the Legislature of the island
of Guam today had praise for
Ted Brown, former Eugene chief
of police, who he said has helped
cut down the island's unusually
high traffic death toll.
F. T. Carbullido, here to ob
serve P o r 1 1 a n d's "Operation
Green Light" test . evacuation,
said that after Brown arrived
at Guam to take over the police
and fire departments, the traffic
death rate, which had averaged
more than 400 a year for a popu
lation of 60,000, began to drop.
When he left the island, Guam
had gone 67 days' without a fatal
accident.
Air Force Lists
Wyoming Victims
Reno, Nev. (U.R) The Air
Force released today the names
of the seven airmen who were
killed Saturday night when
their C47 plane crashed and
burned near Burns, Wyo.
.The plane was on a routine
training flight from Stead Air
Force Base near here to - Sel-
fridge Air Force Base at Detroit
An Air Force spokesman said the
release of the casualty list was
delayed until positive identifi
cation could be made of the
badly burned bodies.
The dead were: ...
Pilot 1st Lt. Thomas Joseph
Kelley, 26, husband of Ann Ma
rie, Sparks, Nev.
Co-pilot 1st Lt. Richard Au
gust Funke, 26, husband of Bar
bara Anne, Sparks, Nev. . '.
Navigator 2nd Lt. Marvin
Mindrup, 21, son of Mrs. Thekla
C: Mindrup, Edgerton, Mo.
A1C Donald Le Roy Nelson,
25. son of Mr. and Mrs. Fran D.
Nelson, Slayton, Minn.
A3C Thomas L. Dickens, 19,
son of Mr. and Mrs. Lloyd Dick
ens, Upland, Calif.
A1C James Herold Levitt, 21,
husband of Dorothy Marie, Reno.
A2C Bobby Lee Kinniell, 21,
son of Mr. and Mrs. Louis Kin
niell, Hot Springs, Ark.
' - Levitt and Kinniell were pas
sengers aboard the plane.
Dead line Sunday Classified is at
noon Saturday. 10 a. m Monday for
Monday: other days 5:30 previous day.
RUNS HALSEY BANK
Lebanon, Ore. (U.R) Archie
Parker, executive vice-president
of the Bank of Lebanon, : said
today the bank has taken over
the Halsey State Bank and was
operating it as a branch.
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GRANTS PASS ASHLAND