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.
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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
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JUNE IS DAIRY MONTH
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Funny thing about this fuel
' it works fine in older models, to.
, tried it recently?
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