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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 1, 1956)
EIGHT MEDFORD (OREGOK) Many Americans Inquiring About Making Stock Market Investments New York OIK Six thou- fand Americans looked at their wallets, or the cash tucked away on the pantry shelf last week. Then they sat down and wrote letters saying: Tell me more bout the stock market." The letters came from an en gineer in Gary, Ind., a retired businessman in Cadar Falls, la., widow in New York, a lawyer In Williamstown, Mass., a clerk in Houseton, Tex., a schoolteach er in Tallahassee, Fla Average Income Some were wealthy, i few bad recent financial windfalls, most of them had average in comes well below $10,000 a year. Since 1953, a million men and women like these have bought itocks and bonds for the first time. . They Invested in the stock market because they wanted a better return on their capital, pr because they were concerned bout inflation or because they were influenced by the upward trend in the market in recent years. Sought Reason "The first time any effort was made to find out how many peo ple owned stocks was in 1953," said an officer of the New York Btock Exchange. "We were sur- rised an disappointed to learn (through a Brookings Institution survey) that only 6.490.000 peo- GOP May Reduce Convention Time San Francisco OI.R1 The San Francisco Chronicle said to day the Republicans are con sidering cutting their National Convention from four days to three. The convention Is scheduled to meet In the Cow Falace here Aug. 20. According to the Chronicle, the problem of holding TV in terest in the convention "is worrying GOP leaders" now that the renomination of President Eisenhower and Vice President Richard M. Nixon is a foregone conclusion. GOP leaders believe adoption of the platform, routine business, the renominations and finally the personal appearance of the Republican standard bearers could be streamlined into three davs, the Chronicle said. The convention arrangements committee, headed by GOP Na tional Chairman Leonard W. Hall will meet June 21-22, either in Chicago or Washing ton, to pick a keynote speaker, permanent chairman and other convention officials. The Chronicle said the com mittee would presumably de cide whether to shorten the con vention at that meeting. Salem Squirrel Picks Wrong Paee for Nuts Salem (U.R) A squirrel went looking for nuts yesterday but picked the wrong kind. The squirrel left the capitol grounds and ventured four blocks down busy Court street, entered a hardware store and stopped in front of a bin filled with bolts and nuts. The city dog control officer captured it and returned it to the capitol grounds. I'm no Snack Smibber they're small but so delectable, these Holsum party snacks. Make 'em different and delicious with Holsum Bread. MAKE IT TASTE BETTER Serve it with Holsum MAIL TRIBUNE pie owned shares of publicly held corporations." The financial community was concerned. It set out to find why so few Americans were stock holders. Financiers learned some startling facts in a poll con ducted by Alfred Politz Re search, Inc. The survey showed: Only 23 percent of the adult population could define common stock adequately. Only 24 per cent could describe the function of the New York Stock Ex change. Only half the adult pop ulation knew where they would find a stock broker. But the exchange learned also GOLD HILL Zoo At Cafe Bf MRS. SAM ELLIOTT Gold Hill Mr. and Mrs. Rich L. Cummings have partially op ened their zoo at the Red Shut ters. Animal cages now house the reptiles, "and will until he finishes the reptile house June. By that time the South American animals will have ar rived. He now has a fcr-de-Iance; American cobra or coral snake, a scarlet king, copperhead, cot- tonmouth, coach witch, Florida king and a common king, a boa constrictor, a tree boa, a giant chamelon which changes color dramatically, a Chinese dragon, and he will receive more before long. Mrs. George Dorman has just returned from several weeks' vis it with her daughter-in-law and son-, Mr. and Mrs. Howard Dor man of Astoria. They made many side trips along the Oregon and Washington coast. They saw the dredge, Essayons, which is be tween 500 and 600 feet long. They were invited to tour the ship, which is cleaning out and widening the mouth of the' Co lumbia. They watched fishing boats as they disgorged frozen tuna and stacked it like cord wood on trucks. Mrs. Dorman returned home for the occasion of her grandson, Garry Dusenberry's graduation from the eighth grade in Sam's Valley. Mr. and Mrs. George Henry of Coos Bay, and Mrs. George Bous- sum of Mooro Bay, Calif., spent the last week at the home of the Jack Bennys. Mrs. George Bous Jack Bonneys. Mrs. George Bous law. . Mr. and Mrs. J. E. Doherty of San Francisco have left to re turn home after spending a week with their daughter, Mrs. Wayne Talbot and family. The Gold Hill Methodist fare well dinner given in honor of the Rev. Mr. Bowers was a suc cess and showed how the people have enjoyed his sermons. Mr. and Mrs. M. G. Emmans spent last week end in Gold Beach where they visited with friends and business associates. Mr. and Mrs. Alvin Conn of Santa Ana, Calif., spent the last week at the home of Mrs. Conn's sister, Mrs. Joseph Morgan. While they were here the Mor gans and Conns toured the Ore gon coast. Mr. and Mrs. Olav Lokkan have returned from a trip to Washington. Mrs. James Eldred was detain ed in the hospital in Canyonville overnight and one day for obser vation and laboratory tests. take two X. Bread She'll - Friday, Jun 1. 1958 that American men and woman, with no stock bying know-how and with limited guidance, are a surprisingly enterprising lot. "The mail that began to del uge stock exchanges and invest ment houses showed many peo ple who had never invested be fore didn't understand stocks," a stock exchange officer said. "Some of the letters showed a little fear even." But as Americans they knew they had the right to find out and they did. A high percentage of tho.e who asked about stocks eventually bought them. Partially Open Mrs. Maybell Raines entertain ed Mr. and Mrs. Lloyd Dusen berry and son, Garry, and Mrs. George Dorman on the occasion of Dusenberry's birthday Wed nesday. The family party was held in Mrs. Raines trailer jhome. Mr. and Mrs. Grover Mulkey's grandchildren from New Pine Creek have spent a short holiday with them. They were Mike, 5, Stevie, 2. and Sandy, 4. They are the children of Mrs. Mulkey's daughter, Mrs. Paul E. Robinson, who has been attending the na tional PTA convention in San Francisco. Mrs. Myrtle Reel spent Me morial day in Grants Pass with her children, where they decor ated family graves. A. V. Taylor received word of the death of his brother, Mark Taylor, Tuesday. Mark Taylor was living in Peoria, 111. He was also the uncle of Harold Dens more and Mike Taylor, also of Gold Hill. The Ferd Jones home was the scene of a reunion of childhood friends when Mr. and Mrs. Joe Suiter of Roseburg and Suiter's sister, Mrs. Peal Cody, of Wichi ta, Kans., stopped by for a visit. Suiter, Mrs. Cody and Mrs. Jones attended school together in Grove county, Kans., and this was the first time they had seen each other since they traveled to Oregon in 1909. Suiter is the owner of a building supply com pany in Roseburg. Col. Harold E. Kofahl of the Air Force has completed an offi cial tour of NATO air bases. Mr. and Mrs. J. G. Kofahl have re ceived a group of cards, each mailed from a different base, among them Oslo, Paris, London. Colonel Kofahl is chief of the procurement division of the Air Force stationed at the Pentagon. Mrs. Dorothy Turner, an em ployee of Pinnacle Packing com pany in Medford, underwent ma jor surgery at Sacred Heart hos pital last week. Mrs. Turner's mother, Mrs. Harriet Elliot, is caring for the Turner children. Mrs. Iola Beman, who has been visiting at Carmel, Calif., has returned to the home of her son and family, Mr. and Mrs. Al Be man, who live on Highway 99 north. Mr. and Mrs. Virgil Gribble have returned home from a trip to Kansas caused by the death of Gribble's father. Mr. and Mrs. Harold Dens more entertained weekend guests Mr. and Mrs. Mike Wal lace, of Riddle, Ore. Mrs. Wal lace, a teacher in Riddle, receiv ed her degree at Southern Ore gon college last Sunday. Mr. and Mrs. Seth Coy of Sac ramento are spending a few days visiting Mrs. Susan Coy, . Coy's mother, and his sisters, Mrs. Maud Robinson and Mrs. Ernie Ross and husband. Coy is a mas ter sergeant in the Air Force. Mrs. Ruth Harney, who teach es at Glendale, has returned to her Riverside street home in Gold Hill for the summer. Miss Teresa Brown was the honored guest on her seventh birthday with her first birthday party. Miss Brown received gifts of summer clothing as well as amusing gifts. Present were Jackie and Jannie Strauss, Ken ny and Barbara Hobson, Rcnny Taylor, Kenny and Jimmy Mar tin, Linda and Rudy Englebracht, Eileen Kell, and Pam Freeman. A birthday cake with pink Icing and strawberry sundae ended the afternoon. Later in the eve ning" many relatives from the val ley arrived, giving her a second party. Tractor-Trolley Crash Injures 17 Philadelphia" (U.R) A tractor-trailer and a crowded trolley car collided late Thursday injur ing 17 persons, two of whom were trapped in the wreckage. About 50 other passengers were shaken by the crash, which stove in the Tight front section of the trolley. Motorman Charles Devine, . 55. and Mrs. Esther Mostavoy, 67, a passenger had to be freed by members of a fire rescue squad. Both were admitted to St. Jo seph's Hospital with back injur ies. The other injured were treat ed and discharged. Alvester Horn, 38, Los An geles, the driver of the tractor trailer escaped injury. Man Pleads Guilty To Manslaughter Charge Portland (U.R) Thomas J. Henderson, 51, yesterday plead ed guilty to a reduced charge of manslaughter and was placed on probation for two years in connection with the knife slay ing last February of Arlo Rho- ten, 42, in a hotel room. A jury earlier failed to reach a decision when Henderson was being tried for murder. Henderson pleaded self-defense. Americans Getting Better Treatment In Chinese Jails Hong Kong (U.R) The seven Americans jailed in Shanghai have been receiving vastly im proved treatment from the Chi nese Communists during recent months, it was reported today, Ernest Gottschalk, a German who was released from Red China last month, has told U. S. officials here that the Americans and other foreigners in Ward Road Prison are getting better food, more exercise and better sleeping equipment. Fit Years in Prison " Gottschalk spent five years in a Communist prison. Up until late last summer he was in a cell with Hugh Redmond, an American businessman from Yonkers, N. Y., arrested in 1951 and subsequently sentenced to life for "espionage." The other six Americans are Catholic Priests John W. Clif ford, San Francisco; John H Houle, Glendale, Calif., Charles J. McCarthy, San Francisco; Joseph P. McCormick, New York; Thomas L. Phillips, San Francisco, and Cyril Wagner, Pittsburgh. Graduation at OTI Scheduled Sunday Klamath Falls A total of 363 men and women, the largest graduating class at Oregon Technical institute here, will re ceive diplomas at commence ment exercises Sunday, June 3 in the field house here. State Senator Warren A. Mc Minimee of Tillamook will de-' liver the commencement ad dress. Also participating in exer cises will be Fred Dalls, who will provide special music, and Mrs. Arthur Denison at the or gan. The Rev. John M. Recher of Hope Lutheran church will give the invocation, and the Rev. E. M. Causey of the First Bap tist church will give the bene diction. The Rev. Dale Hewitt of the First Presbyterian church will deliver the baccalaureate ad dress at 9 a.m. Sunday. Special music will be by the First Pres byterian church choir with Mrs. Marvin Nerseth and Gail Ner- seth as soloists, and Mrs. Albert Hefringshaw at the Organ. Those from Jackson county receiving degrees include: Robert Eugsne Aldredge. James Paul Brown, Artnur G. Cleveland. ixis jeaneiie urawley. LeeRoy Doug las CriDDen. Willi HarnM Firhr Manuel Aguon Flores, Richard Winslow i.eioorana. Meve Arthur Linagren, Joseph Morgan Marshall. Herbert Jay Masterson Jr.. Clayton Reed Peterson. Robert G. Peterson. Gerald Burton Sherman. Edward F. L. Stone. Charles Richard Svensen, Richard Gene Vance, all of Medford. Lena Castle. Richard Dale Clark. Roy N. Lyda. Adelaide Futlerton. Donald J. Gresham nil of Ahlnrf Harold Leroy Arnold. Donald Eu gene Brown. William Albert Hartle rode Jr., all of Butte Falls. Carlos Anderson Goddard. Talent; Donald William Gordon. Lindora Mae Markwith. Jacksonville; Robert Allen King. JeJise C. Littlefield. Gordon Kenneth Mekvold. Central Point; and Walter Abraham Ciiver. Trail. Crater FFA Members Purchase New Mower Central Point Members of Crater chapter, Future Farmers of America, announced this week that they have purchased a new mower from the Deaver Tractor and Implement com pany. John Deaver, owner of the company, made a liberal dona tion to the group toward the purchase of the mower. The mower replaces an older model owned by boys of the chapter. Richard Morris and Clifford Bigham, members of the chap ter, have also purchased a trac tor and mower. At the chapter's recent meet ing Bob Eldon was elected presi dent for next year. Other offi cers include Clifford Bigham, vice-president; Noel Moore, sec retary; Lyle Bigham, treasurer; David Mack, reporter, and Ralph Simon, sentinel. , Crater Future Farmers are preparing for a summer field trip and are making a display board of photographs showing members of the chapter and their projects. W MARKET 1 1202 North RiTtmda V I OPEN EVERY NIGHT TIL J MIDNIGHT State of Emergency Declared in Kalama Kalama, Wash. (U.R) A state of emergency was called here last night as floodwaters of the Columbia river rose to new heights. Frank Boatman, town marshal, said there was no water in the city now, but the emergency state was declared as a precau tionary measure alter a meeting of the mayor, fire chief, mar shall and representatives of the corps of engineers. Boatman issued a call for volunteers for 9 a.m. today to start sandbagging operations. For Best Results Use Tribune Want Ads Easy, Just Dial 2-6141 LONG WAY HOME . (SVa.&OCME SPSCtALIZED N PCEEIN6 WHITE MC4 BCM INOIAKS 0"E OF U MOST KtMfceKA&LE BKPLorra was TeAac A CAPTrVe, WEEINS HWA, AND TVEOONfr BACK A9 POODUCTKX OC THE FAMOUS COLT S-MOOT MA 6E4HM WWEN SAMiCt COLT COMMtSSONCO THE MANUFACTURE 0 MS IweNTtCN TCTUE SON OP EU WMTTNey (MVENTOC OP THE COTTDM CM.TUn STX-SUO0T6t7 WAS AN MPQCveMEWT ON A PBEVlOUSLN OEVELOOEO -SMOOTE USED W TUt TEXAS KANCEES. fMN v QtV COMES UXWO IT V OAV A 4MM3 OAV- AMD OF ff f. i i STRAIGHT SHOOTINGlS t r a. r This advertisement sponsored by your Or.gon Dairy Products Commission. GIVE KIDS A "BRAKE Montgomery, Ala. . (U.R) ! "Give the kids a brake" day will j be observed by the Alabama Highway Patrol Saturday. Offi cers will man checkpoints i throughout the state to remind i motorists that school is out and "children are everywhere," and to distribute 100,000 pamphlets bearing the slogan "give the kids a brake." New Da7 Flight In Service by United A newdaily flight to Port land and Seattle-Tacoma, was placed in service by United Air Lines today. The northbound trip leaves Medford at 4:25 p.m., making possible quicker connections at Portland with United service to Denver, Omaha, Chicago and other major eastern points, ac cording to K. W. Cook, station manager. MEANS lef-U VW CO SO V SVSTEAIATC BOMPtt JUNE IS DAIRY MONTH Kids hive the goldarnest amount of energy. They play hard. ..learn fast . . . sleep soundly . . . grow like weeds. How do they do it? They've got the advantage of being more recent models, of course newer body styles and all that. But a Iar $e part of the answer lies in the fuel they run around on. Milk's their petrol, and it's pretty hard to beat. Loaded with VCP (vitamins, calcium, protein), milk gives them mileage like you haven't gotten since you were a kid. Funny thing about this fuel ' it works fine in older models, to. , tried it recently? MlMEMBIiilV aM Oregon - Dairy. Foods are your BEST buy! eal Ifast on our FRESH ALBERS FEEDS No. 1 TURKEY POULTS Now on Hand ... . . 70c ea. 18" ELECTRIC LAWN MOWERS With 50' Cord . . Only $54.50 CHECK WITH US FOR YOUR FENCING NEEDS CARLOAD JUST ARRIVED! MEDFORD FEED & SEED 330 NORTH To Buy or Sell - Use l$THJl CR&ZIEST r delivery FIR STREET Tribune Classified Ads '"ii'i'Y,ii'.lY. Vir'i t
