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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 11, 1957)
1 Market Behaves Well; Bidding Goes Within Record High for Year By tLMER C. WALZER UBitnd Pro Financial Writer New York V Wall Street rxperl t3, li th market behaved verv vt'i Monnjv. It bad been bid up to within toii'&ipg d 5'anre of the year's hieb but naraged to take in strile a seilmg move that caused a it minute tic ker lag and br'tg"l the first 3 million share (iav ul the year. The industrial average went through an arc cf more than 10 Ofiin's between i's rush of 5'.'? 87 ad a r,w nf 497 78 and rlwd at 503 76 off only 187 pniriU and wihin 3 3 per cent 20Q Appointments Are Mads for Eloodmobile Tvo hjndrH people so far ha e rrade appointments to do ma'e ti'Hid Weoneday, when tiie Red Cross blrmrlmohile will be at the Elks temple in Med - for-f fritii 1 o 6 p m. Cf?'.na!s said a total of 350 donors are needed to meet Med ford s bkiod quota. Appoint ments may be made by calling SP 3813 Aprxuntments may be r, arte hy calling SP 3-3813. ftljkir g ai-jKiiritnens today were the following Hi-rrv layior. Mrs Austin King. Wavne King. Dorothy Mitheny, Edith Roach. Miletta Suns, A. E. Sims. Allen Harris, - Jack Wfciinan. O I). Nichols, Ktnneih Larson, Hazel Wilson, Brvrrly PimirtPlman, Sam Cul- bertson. Biley Cook. Mel Wig gins. Mcrt Mitchell, Marilyn Stukncy, Ken MacDonald, Russ Jamison, Cecil Norris. Marie Picrcr". MaSt l Clark. Barb Jones, Mrs. Harold Hiatt, Martha Lamb. Dolly Arnold. Mrs. Robert Hub bard. r?acl Smith. R. E. Hart, Alice Turner. Mrs D. D Turner, Edna Zurtdel. Willa Barnard, Warreo iiayes. Clyde Tenant, C Dayton Glenn, Rosemary Logan, 3v Dutton. Wm. C. Rose, Donna Ro;w. M. W. Welch. John Carne gU. Al Cfiilins. Wilson Bjorge, Walter Gavin. Dixie Dixon, Brent Carter, Frank Paallo. Don Shores, Maytard Culmer. Ralph Brook. Leslie Green. Esther Tur pin. Arnold Opgrand. R. S. Hin man, Gordon Morris, Bernard Rn:e. Lowell Henry, Harold Smx'grass. Jane Snodgrass, Douglas Harsh, Elliott Becken, Hutb Clogiton. Lillian Dorrell, Le:iard Mayfield, Hugh Shurt leff, Henry DeVnss, Robert Bac ctfi, Giadys Loyd. Perry Strom, Jerry McDougall, Gatewood Smi'rt. Mary Dew, Fred M. Gardner. Don Browne, Joan Campbell. T. K. Oliver, Ted Johnson. Sidney Anderson, D. E. Wisely, Dellxsrt Durkee, Jack Beale, Edajar Coghill, Harry Buckmaster, Margaret Redhead, Robert Lafferty, George Good man, Rollie Chistim, Herbert An derson. Shirley Hatcher, Mrs. J. C. Kennedy, Tom Ness, Cliff Chinn. Ray Palm, Hugh Whip ple, Mary Jo Hall, Dean Welch, and Bill Dugan. Klamath Air Base Man Wreck Victim Weed. Calif. 'IP Cecil E. Blrds.iw. 25, of Klamath Falls Air Base, was killed and five others injured near here Mon day nisht in a two-tar crash. Injured were John E. Hick man. 25. and Russell McFarland. 25. both of Klamath Falls Air Base and pa-isenscrs in the car driven by Blerisaw: Robert L. Teddicord. 25. of Newburg. Ore., driver nf tlieother auto, and his riders. Cletus C. Wasson. 26. and his wife. Ethel. 23, of Carl ton. Ore Pleasure is why Flavor enjoyment and the satisfaction of eating sensibly is why your daily meals should include Hollywood Special Form ula Bread. A delicious blend of 16 choice grain -.-J . i.ui. a a . .1 uu vteuiuic UUUXS. ADO, best of all, only about 46 at 46 slice! calories in an 18-gram slice! Insist on the genuine. Only obovf 46 caloriat it T5-g rem them mm . t rv a..a .- tokd tuWvaly FO( TOO br R.UHRER IAKERIES : liaatv uartst katxui of its 1957 high set on May 21. One of the market experts said that the market currently is well below overbought terri tory and he adds it would re quire quite a sharp advance to become technically vulnerable. This expert, Edmund W. Ta bell of Walston & Co., said it is impossible to purchase an aver age. He notes it is increasingly difficult to select a list of stocks which would perform as well as the average. The market, he finds, still is . most selective and warns that a : careful analysis is necessary in i order to pick stocks that will i act well even in an advancing market. William R. White of Horn-j blower & Weeks notes that re- j cently greater confidence has ! been manifested by investors in future equity values than by I business seers in prospective economic conditions. j Inccme Stocks Favored j "Whatever the reason for a revival in confidence, whether it be based on expectation of continued inflationary trends or on hopes of higher appraisals of earning power, the fact remains that investment managers have evinced stronger interest in sea soned income-producing com mon stocks than in bonds, or other defensive securities," he says. "In short, last winter's un easiness over adverse effects of tight money and a squeeze on profit margins has begun to evaporate." Wall Street was pleased today over the White House announce ment that the President is ex pected to return to his desk Wednesday. With the President back in good health, the Street feels that there are no tangible obstacles to further attempts of the mar ket to get into new high ground, despite the fact that the rise has been a long one and possibly subject to corrective processes Italy Governmenl Crisis Right Back Where It Started Rome HP Italy's govern ment crisis was right back today where it started 36 days ago. The resignation Monday night of the short-lived government of Premier Adone Zoli gave Pres ident Giovanni Gronchi the tasK of trying to find a leader strong enough to take Italy out of its political morass. Most political observers be lieved Gronchi would be forced to select a caretaker government to run the country on a non political basis until the next el ections scheduled later this month but possibly before then. Glory Short Lived The Zoli government was sworn in on May 20. It passed its first vote of confidence in the Senate and appeared to have won a vote of confidence in the House without too much trouble. But its glory lasted only one day. A clerical error showed that two "no" votes had been registered as abstentions. Zoli still had a majority but the ma jority depended on votes of the extreme rightwing Monarchists and Fascists. Zoli, a wartime prisoner of the Fascists, said he would nev er form a government that de pended on their support. He re signed immediately and Gron chi summoned political leaders to his office today for the latest round of talks. -77- tit I U bWL fa I l frttfli WWliUO 'WJUtJia J UGHT o(J DARK FREE! Send postcard tor Hollywood Dial and Caloric Gutda. Autltorv ttriw. Profusely iliuv tratad. AddrassElaanof Day. 100 W. MoaroaSt, Chicago 3, Illinois BARBARA LANQ co-sumng la MGM s -THE HOUSE OF NUMBERS" ra aida Scten iota Stmos, Inc. Outgo ', international Reyiew Fleet Begins Maneuver Norfolk, Va. ilP The gun metal gray ships of a great in ternational review fleet today began the dangerous shifting of their positions to form a long finger of naval might pointing toward the open sea. The maneuver caiied for mov ing more ships on one day than ever before in the war-torn his tory of Hampton Roads. A Navy spokesman said the shifting of 85 American war ships and 33 warships from 17 visiting nations had been worked out with such precision that it was expected to be completed without major difficulties. To Direct From Blimp Rear Adm. Claude V. Rickets planned to direct the operation from a Navy blimp hovering over the roadsted and the flag decked ships. Buoys were placed in advance along the 14-mile course from Hampton Roads to the Virginia Capes. Plans called for the ships to anchor at tne buoys in a double row which the review ships will sail down and back tomorrow. The Navy ordered the fleet to move to the buoys in a kind of giant water ballet, which in volved such huge floating fort resses as the 60,000-ton U.S. su percarrier Saratoga, the 40.000 ton British carrier Ark Royal and the American battleships Iowa and Wisconsin. Most of them need more than a half doz en tugs to navigate them while in narrow waters near dozens of other ships. Committee To Hear China Trade Argumenis Washington Ofi Chairman Warren G. Magnuson (D-Wash.i has announced a new Senate commerce subcommittee will begin public hearings June 20 on foreign trade and commerce, including trade with Red China. Magnuson said the inquiry will study existing trade bar riers and embargoes, the amount of trade being carried on with the Soviet bloc, and "the very knotty problem of our trade re lations in non-strategic items with Asia and China." for Fgfes Day... give iJl a Foam Rubber Coiklonlng J'jJ Full molded foam rubber seat soft . . . luxurious A heart-easing, re-energiiing chair designed for comfort Overworked hearts ire relieved circulation is improved Strained nerves are soothed tension eased Beautifully styled tailoring and detailing as fine as on chairs that cost double Here's a gift for father that will give pleas ure for years to come. Check our selection . . . There's a range of styles and prices and EASY TERMS to suit you, besides NO CARRYING CHARGES. We carry our own contracts. WIEIE & AD MB Southern Oregon's Oldest & Largest Furniture Store Big Three Soviet Mid London w The United States. Britain and France hand ed notes to the Kremlin today replying to Moscow's recent mid East "peace" plan, official sourc es disclosed. The West's replies were un derstood to have turned down, in effect, Moscow's call for a four-power declaration on the Middle East. They urged instead the need for a peaceful and gen- Day Camp for Boys Scheduled by Y The Medford YMCA's day camping program for boys be tween 8 and 12 years old will be held on fish and game commis sion property on Little Butte creek for two weeks starting Tuesday, June 18. Any boy in Medford will have an opportunity to attend day camp. YMCA officials said. Boys registered for the camp will leave the YMCA office at 9 a.m., and return at 4:30 p.m. They will take their own lunches. A small fee will be required to cover transportation, insurance, milk costs, officials said, but added that no one will be denied a chance to go because of lack of fees. The camping program will in clude woodcraft, archery, nature study, swimming and camp games. The Medford Kiwanis club is assisting in the program finan cially. Dean Crumley, YMCA Youth director, Herbert Part ridge and Bob Jones assisted by counselors will direct activities at the camp. Boys interested in attending dav camp may contact the YMCA, Officials said. Number of Employed Persons Now 65,178,000 Washington 1IP1 The number of employed Americans rose by 917.000 in May to a total of 65.178.000. That was a record level for the month. The number of unemployed persons looking for jobs edged upward by 25,000 to 2.715,000, although some decline is usual in May, the Labor and Com meice departments reported. THt WOUtD'S MOST ElAX1NO CHAU I HCtlNINO $8950 $15950 IKS Reply To - East Plan uine settlement in the explosive area. , Details of the notes were not disclosed immediately. Their texts are expected to be releas ed Wednesday. The West's notes were drafted in close consultation between Washington. London and Paris. Last week, the draft of West ern replies to Moscow's Mid-East "master" plan vere reviewed with members of the five-power Baghdad Mid-East defense alli ance at the ministerial confer ence in Karachi. Moscow's recent proposal call ed for a four-power declaration by Russia and the Western pow ers condemning the use of force as a means of solving disputes in the Middle East. Professional Drivers Help Palsy Victims Rachester, N. Y. HP) Thanks to professional drivers, who pitch in to drive extra miles wnen their week's work is done, some 25 cerebral palsy victims here lead a happier life. When Mrs. Joseph Detwiler sought needed transportation to get the children and young adults to three - times - weekly clubhouse meetings and after noons of fun, she took her prob lem to th Rochester Automobile Dealers association. She also ap pealed to Teamsters Joint Coun cil 17, which found volunteers in the Bakery Drivers Union, the Taxicab Drivers Union and in truck drivers' ranks. The volunteers, who also in clude car salesmen and bus driv ers, unanimously are happy that on their days off they can help those less fortunate than them selves. "Those kids," said volunteer Elmer Travis, "are the greatest prescription for chasing away the blues. Anyone who thinks he has troubles should just ldok at them. And yet they're cheerful and happy. For people like them, I'll take a 'busman's holiday' .any time." Jersey City, N.J. HP) When outgoing Mayor Bernard J. Ber ry was asked who he felt could best carry on the policies of his administration,, he answered: "Me." ' 7 FREE Stratolounger GIVEN JUNE 15th Nothing To Buy! Nothing To Do! COME IN . . . Relax in the Superbly Comfortable STRATOLOUNGER then REGISTER FOR FREE DRAWING Held 9 A.M., June 15th Any adult may participate, so don't wait come in, there's only 3 days left to register You may be the lucky winner! Priced from Tuesday, June 11, 19S7 Hydrogen Bomb May Destroy Earth, Evangelist Warns New York W Evangelist Billy Graham warned Monday night that man may stand now on the threshold of Judgment Day and that God may choose the hydrogen bomb as the in strument of global destruction predicted in the Bible. "God never sends down a judgment w i t ho u t warning, whether it be to Nations, to cities, or individuals." Graham said. "This New York Crusade may be held now, in June, in 1957. as part of God's warning to people all over the world to repent their sins while they still can. ' Warning Unfinished "We may be seeeing a period that is just before what could be judgment over the world, this nation, this city. If people re fuse to repent, refuse to turn to God, to stop serving their own gods " Graham threw up his hands leaving his warning unfinished. "The rain of fire and destruc tion that befell Sodom and Gomorrah sounds to me similar to the effects of modern nuclear weapons," Graham said. "As God rendered Sodom and Go morrah into dust, so might the hydrogen bomb be used to de stroy modern cities." Might Be Saved He said that peoples on either side of the Iron Curtain might be saved from the terrible de struction of the H-bomb if men Johnson To Support Foreign Aid Measure Washington IIP! Senate Democratic Leader Lyndon B. Johnson threw his influential support today solidly behind President Eisenhower's pro posed foreign aid bill. Johnson said in a statement that he hoped the Senate would approve the bill without reduc ing it any more than it already has been trimmed by the Senate Foreign Relations Committee. The committee cut the bill by $250 million to $3,617,333,000. Johnson said it did an "excel lent job." MEDFORD (OREGON) MAIL TRIBUNE--FIVE Safety Council Urges Cooperation in Drive "Excessive speed not only invites accidents, it increases their severity when they occur." In these words, Aubrey Loper, president of the Medford Safety council, urged Medford motor ists to cooperate in the 'Back the Attack on Traffic Accidents" campaign. Loper warned against the two major dangers in speeding. They are the longer time it takes to stop and the increased force of impact in an accident. He defined excessive speed as any speed too fast for prevail ing conditions of weather, road, traffic, driver or car. and nations repent their sins and give themselves to God. Following the sermon, 384 persons went to the front of Madison Square Garden to re cord "decisions for Christ," running the evangelist's total of conversions since the crusade began 24 days ago to 15.229. More than 483.500 persons have attended the sermons. w-. MEDFORD Special Features! 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O Dad's Special Day Sunday, June 16 Remember him with a Father's Day Card from our complete selection apjtajwsi...Mi.iMiifoiul,cMo(.1 WOVEN 35 COTTON SHIRT SPECIAL PURCHASE? for FATHER'S DAY Give Dad real cuitom shop styling and craftsmanship . . . high qual ity fabrics; d?cron, silks, rayons in unusual patterns, luxury weaves ... A classic value at only . . . sizes tmall, medium, large, extra large mi 1? 11 Hi? a"V 3 198 O
