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
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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.
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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."
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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." '
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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
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MRS. BOOTH DIES
London 'IP1 Mrs. Florence
Eramwell Booth, 95, widow of
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died Monday. O
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