FOURTEEN MEDFORD (OREGON) MAIL TRIBUNE
Thuriday. January 3. 1957
JANUARY WHITE GOODS
SPECTACULAR!
PENNEY'S WHITE GOODS EVENT CONTINUES WITH
NEW LOW LOW PRICES FOR THE HOMEMAKER!
MEDFORD 0
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s
STRIDING MANFULLY toward shore, Walter Chiari,
Italian comedian, leaves Actress Ava Gardner gasping
after dunking her in water at Milan beach. Gossips say
Ava will wed Chiari after she obtains a divorce from
Crooner Frank Sinatra. (International Soundphoto)
Council Authorizes
Special Truck Parking
An ordinance providing park
ing meter hoods and special per
mits for service truck parking
in alleys was adopted last night
by the Medford city council.
The council also awarded
Courtesy Chevrolet, 227 East
Ninth St., Medford, a contract
for five 1957 four-door police
cars.
Garner Couey, o w n r of
Couey's Appliance store, 22d
East Sixth st., Medford, and
Allie E. Graham, of Graham and
Ruhl Electric company, 1205
Sage rd., Medford, had requested
that the city amend its ordinance
prohibiting alley parking.
Receive Fines
They told the council at a re
cent meeting they have been re
ceiving S5 fines for parking
briefly in the alley at the rear
of their establishments for busi
ness purposes.
The ordinance provides that
meter hoods be rented by the
city at $75 annually, $37.50 for
six months or $18.75 for three
months to service truck oper
ators. The hoods will make the
spaces available for business
Record Business
Reported in Stock
Market in 1956
Washington !U.P.) The na
tion's stock markets did a rec
ord $38 billion worth of busi
ness last year, the Securities and
Exchange Commission reported
today. It also reported 'that it
uncovered a record amount of
fraud.
The SEC, which keeps tabs on
stock issues to prevent the
fleecing of gullible buyers, made
the statements in its 22nd an
nual report to Congress for the
fiscal year that ended last June
30.
During the year, the SEC
aid, $13.1 billion in new se
curities were registered for pub
lic sale. This was the largest
amount in the commision's his
tory and $2- billion more than in
the preceding year.
Value of Securities
The value of securities traded
on stock exchanges during fis
cal 1956 was $38 billion, the re
port said, more than double the
figure for fiscal 1953. Stock
holders included 8.5 million
Americans, about 2 million more
than five years ago.
The SEC said "the tremendous
economic activity of the coun
try" led variably to a record
amount of "fraud, deceit and
manipulation in the sale, pur
chase and trading of securities."
Dishonest dealers and promo
ters, it said, found a ready mar
ket in the "gullibility of the pub
lic." More often than not, the
SEC said, the victims were
widows or elderly persons who
could least afford to lose their
small savings.
Urging more vigilance on the
part of the public, the agency
also protested the sale of illegal
stock issues through Canadian,
Swiss. Liechtenstein and other
foreign financial institutions and
by Canadian stock brokers.
The SEC said it took action
to revoke the licenses of more
than 75 brokers and referred 20
cases to the Justice Department
for possible criminal prosecu
tion. It did not report what hap
pened to the cases.
Registrations Being
Accepted for Class
Registrations still are being
accepted for an upholstery class '
which will be held at Hedrick
Junior High school between Jan.;
14 and 18, Lindsay Vinsel, di
rector of adult education, re- i
minded residents today.
The first upholstery class will .
start at 8:30 a.m. and at 1 p.m. i
daily between Jan. 7 and Jan. ;
11 in room 341 at Hedrick. A j
drapery class will meet each ;
evening between 7 and 10 p.m. .
starting Jan. 7.
Mrs. May Frye of the Eugene ,
Vocational school will be in- j
structor for the classes '
purposes only, according to the
ordinance.
Special Permits
The ordinance also provide5
that special permits be issued
to service vehicles for alley
parking. Previously, alley park
ing was prohibited to all but de
livery vehicles.
The ordinance authorizes the
police chief to revoke the meter
hoods or alley parking permits
if abused.
The Courtesy Chevrolet bid
was $4,250.20. Their price for
the five new cars was $9,902,
less than $5,652 value of the four
police cars to be traded-in.
Other Bids
Crater Lake Motors Inc., Main
and Fir sts., Medford, submitted
a bid of $6,800 and Lea Motors,
Medford, submitted a bid of
$7,215.25.
Duff said the cost to the city
per new car will be about $592
The average mileage per patrol
car is about 50,000 miles per
year. The cost per mile, there
fore, for capital expenditure is
a little less than 1.2 cents per
mile, he said.
The five new police cars in
cludes an additional car request
ed by the police department for
its investigative section. An or
dinance was adopted transfer
ring $2,050.20 from the lieuten
ant's position to the automotive
equipment item within the 1956
1957 police budget.
Not in Budget
The additional police car was
not provided in the 1956-57 bud
get. Duf said because ot a va
cancy in the lieutenants posi
tion, a transfer can be made
from the account to the automo
tive equipment budget item. He
added by making the transfer
sufficient funds will remain in
the lieutenant account so that
the position can be filled for the
remaining six months of the
current budget.
The council awarded Courtesy
Chevrolet, 227 East Ninth St.,
Medford, a contract for five 1957
four-door police cars. Three 195b
model police cars and one 1955
model police car will be traded
in.
The council called a public
hearing Feb. 5 on construction
of a water main on Marie and
Jackson sts. and on Madison
Place. A petition with signature:
of 53 per cent of property own
ers in the area was presented
to the Medford water commis
sion recently.
Other Ordinances
An ordinance was adopted
assessing property owners in the
Capital Hill area from Valley
View Drive to Sunrise ave.,
.0276 of a cent per square foot
for the construction of a sani
tary sewer. Cost of the project
was $8,141.51, which was above
the engineer's estimate of $7,
292.45.
Another ordinance was adopt
ed assessing property owners on
East Second St. from Front st.
to Central ave. $7.56 for street
paving. Cost of the project was
$3,587.94. The engineer's esti
mate of $3,463.90.
The council adopted an or
dinance segregating assessments
for property owners of lot 2,
block 1, Capital Hill addition,
and property owners of lot 4,
block 1, Capital Hill addition.
The assessments are for a sewer
installation.
WANT TO
SAVE
MONEY
On Your January
FOOD BILL?
SEE THE
Groceteria
S DAYS
ADON
PAGE 7
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