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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 26, 1956)
IX MIDFORD (OHEGON) MAIL TRIBUNE Tu.iday. June 28. 1958 'Main Streeters' Turn To Stocks; Clubs Earn Place in Investment New York UPj The biggest financier! on Wall Street are counting on the smallest wage earners on Main Street to keep business growing during the next 10 years. They expect carpenters and shoemakers, clerks and stenog-: raphers to buy $30,000,000 worth of stock in American business between now and 1965. "A lot of money for machin ery, plants and equipment is go ing to come from men and wom en earning less than $7,000 a year," a Wall Street executive said. "The days when business expansion could be supported by the very wealthy alone are over." Clubs Support Business G. Keith Funston, president of the New York Stock Exchange, thinks men and women forming investment clubs and pooling $5, $10, and $25 a month each to buy stocks may keep business grow- Mongolians Original Inhabitants Of Americas, Blood Tests Hint By DELOS SMITH United Press Science Editor New York !U.R) In the blood of Japanese and Chinese, and American Indians, scientists are finding an identical substance or "factor" which may provide the long-lacking positive proof that the original inhabitants of the Americas were Mongolians from Asia. To the unitiated mind it is in credible that science could prove such a thing in such a way. But the facts are shaping up, hard and fast. And here are the facts: Two years ago scientists iso lated this unique blood "factor" from the blood of persons of mixed white and Indian descent in South America. Since it was unique among blood substances, it was given a name "the Diego factor." Systematic Studies Begun Since many millions of sam ples of white and Negro blood have been tested without this factor ever having been reported, it semed likely that it was pe culiar to Indians. But other sci entists began systematic studies of Caucasian blood. In the United States, 1.000 whites were tested; in The Neth erlands. 200 Dutchmen: in Spain, 150 Spaniards. Also there were 200 individual samples of Italian blood. But not once did the Diego factor turn up. Meanwhile, Miguel Layrisse and Tulio Arends, Venezuelan scientists, were following the or iginal clue-testing Indians. In 170 Caribe Indians they found the factor in 50; in 152 Arawaco In dians it was present in eight. Brazilian scientists found it in high proportions in Paroa and Guahibo Indians. The Layrisse-Arends team had a hunch. They took blood sam ples of 100 pure Chinese and 65 pure Japanese living in Caracas. Five per cent of the Chinese and 12.5 per cent of the Japanese car ried the factor. At about the same time. Mari on Lewis, Hiroko Ayukawa, and Bruce Chown, blood scientists at Winnipeg, Canada, and Phillip Levine, of the Ortho Research Foundation. Raritan, N. J., had the same idea. They tested 148 Chippewa Indians in Minnesota and 77 Japanese in Winnipeg. The factor turned up in 16 In dians and six Japanese. Factors Transmitted Blood factors are transmitted from one generation to the next golian. So a theory has been by the genes of heredity and genes act the same through countless generations unless sub merged by other genes or chang ed by some accident to their own individual chemistry. As is well known, both the Chinese and Japanese were in fused with Mongolian blood cen turies ago. Now if the Diego fac tor is peculiar to the Mongols and no other race, ard if the original inhabitants of the Amer icas were Mongols who crossed over from Asia by way of the Bering Strait, the Diego factor should be present-in all tribes of American Indians existmg today. Both the Venezuelan end Canadian-American teams suggest ed that the Diego factor is Mon- born. Now science will investi gate the blood of Mongolians and of more Indians and more Cau casians and Negroes. The facts so far- are impressive. Will they hold up? . ' ing at a pace necessary to meet the demands of the future. '"By their size, soundness and success, clubs have earned a place in our arsenal of invest ment techniques particularly for the apprentice investor," he said. Research studies indicate 100, 000 people are investing more than $1,000,000 a month in stocks through investment clubs. James Day, president of the Midwest Stock Exchange, said "literally hundreds" of invest ment clubs have been formed in the Chicago area during the last few years. And A. J. Forgue, a lawyer in the Illinois secretary of state's office, said the investment club idea has mushroomed within a few years. Reports from Washington, Dal las, Los Angeles, San Francisco, and Atlanta indicate members of investment clubs are as happy with the results as Wall Street is with their formation. "I don't know of a better way to get started in the stock mar ket," said R. C. Gilbert, an At lanta airline employee who formed a club of 20 members who pay $10 a month each into an investment fund. "If more people got into in vestment clubs there'd be a whole lot less mysticism about Wall Street and stocks." Gilbert said his club is making a handsome profit on its stock market investments and learning a lot about finance at the same time. "We pool our knowledge and DID THEY? I radios from this window pleas . Grand Rapids, Mich. U.R) come in and get the cases, as ideas and get expert consultation from a broker before we finally buy stock," he said. "I suppose the chance to learn more about the stock market had as much to do with me forming ' the club as anything." Filbert s investment club has concentrated on stocks in such fields as grocery firms, electron-; ics, utilities, oil and airlines. i "We get together on the second Tuesday of each month and get : all the expert advice we need without having to water! finan cial developments too closely," he said. "In 15 or 20 years all of us hope to have a good nest egg built up through the club. "The great thing about it is that we'd all probably let that j $10 a month slide down the drain i anyhow. How can we lose?" ! A sign in a local radio shop read: "Will the person or per sons who stole the transistor we have no use for them now. The empty cases were next to fthe sign. When You See GEORGE LEWIS ROGUE TRAVEL SERVICE A FREE SERVICE We Reserve and Sell Airline and Steamship Tickets PHONE 2-6779 LOBBY HOTEL JACKSON SOFT LANDING Madison. S.D. U.R) Arnold Schrulz, 31, an electric com pany lineman here, fell 40 feet and was not even hospitalized, Schulz' climber broke loose as he was descending a pole. He toppled backward and plunged an estimated 40 feet into about three feet of snow. Injury: sprained ankle. Dm Mail Tnbuiw Want Ada San Francisco Candy Plant Ruined by Fire San Francisco W.R) Damage was estimated today at $200,000 from a fire that raged through Blum's candy factory in San Francisco's industrial section. The fire broke out about 7:30 p.m. Monday. About 150 fire men using 50 pieces of equip men fought for nearly a hall hour to control the blaze. Two iiremen were slightly hurt. The fire started either in the kitchen or in the plant's garbage disposal unit, fire officials said. Robert T. Beattie, president of the company, said the plant was "100 per cent gone." 'The worst loss is the loss of formulas and our records," he added. "They were wiped out." Beattie said the company will be back in production in about two weeks at a new location. He said the loss is covered by in surance. The company has 17 stores and 50 outlets. Marilyn Monroe To Marry Next Week Roxbury, Conn. (U.R) Mari lyn Monroe and playwright Ar-; thur Miller relaxed today at Miller's country home and made plans for a marriage sometime next week. Both met newsmen briefly Monday. "I guarantee there'll be no wedding this week because I haven't been able to complete the arrangements," Miller said. ' We'll probably be married up here next week." He said only i a few people would be invited. 1 The two were accompanied Sunday to the country retreat by Miller's mother, Mrs. Au gusta Miller, and his two chil-; dren. Jane 11, and Robert, 9. Miller and his wife, the for-; mcr Mary Slattery. were di- j vorced recently in Nevada. FINEST KENTUCKY WHISKEY POT INTO GLASS! Enjoy this historic favorite, now available , in a milder, loucr-priccd 86 Proof bottling as a companion to the renowned 100 Proof Bond. - 86 PROOF Kentucky Straight ' Bourbon Whiskey SO 10 $J80 .JPT. "sqt. OLD CROW Aha ocWc OU Cm 100 fyoaf Bcttttd m Bond 'GREATEST NAME IN BOURBON" OLD CROW DISTllLESV C0 DAT. .Of NATIONAL (WT. PROD. 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