Many Bullish Items
Seen on Wall St. as
Business Indicators
Grants Pass Man Is
Elected to Post
Clark Spencer. Grants Pass,
was elected president of the Min
nesota Picnic association at the
annual picnic at TouVelle State
park June 9.
Other officers include Ed
Holmes Inks 60 Bills
As Deadline Runs Out
Friday. June 14. 1957
MEDFORD (OREGON) MAIL TRIBUNE THREE
VV"'
is:eT Waizer
come continues
Salem 'V Gov. Robert
D. Holmes signed 60 bills Thurs
day, bringing to 727 the total
house and senate measures en-
! Imith rr&KAon1- Fan Hail- - '
Vfanv of them are lookine for ' . , . ' fr approval or veto ran out.
-iany oi i.iem are lOUMng lor - AshlanH spcrptarv.tTpas. I .. KK . .
, . ... . j Hf vernen tour measures ves-
terday, bringing to seven the
number of times the veto power
was employed.
Chief bills signed in the fin
al hours paved the way for start
ing a pnmmiin itv mllppp nrn-
van Hansen for youngest child; Rram jn 0reson "and created a
1 Mr. and Mrs. Frank Dutton for :
Br ELMER C. WALZER I commentators are not unfavor
United Press Financial Editor able toward the market.
New York Wall Street has
uic iiudtiiidi news aii-uine luus in trie a erases . j o;-hnPj rhl -ff;e
for business indicators and before long - industrial issues ; , ' nnn, ,i, 'nn hv
cornes up witn mainly. c w Bjork Ashlajld
ltCS- , J l ImPr0Tln9 . , ! Frank Dutton was given the
Standard & , Not a few are talking about a . prize for oldest man. Mrs Anna
Poor s provid- better market for the rails, espe- Melnart for oldest woman; Dono-
e a two or. ciany since tnis group recently
them- 1. That has moved out of its rut.
it is iiKeiy me vjne commentator notes mat i ionKest mamed; Mr. and Mrs. !
inventory cor -; the rails from a technical stand-1 Earie Hausmann for most recent- i
rection will be point are long overdue for a lv marripH- and Harvev I.. Sor-!
completed by move and if the present advance e"nsen for argest fam;iy present
HuiLiiini. d II u in iii Kiuup tcIl SUAldllieU
2. Personal in- for a time, it will be an addition- j
to advance, ial confidence factor for the mar-
month by month, despite somelket as a whole.
shrinkage in the average work I He adds, however, that rails
'have been regarded as income
stocks and notes that income
because institutions have turned Nw , v . Bll
to bonds for income purpose, . Graham sald Thursday night
and thev have been buying ;that hls New York crusade had
Graham Crusade
Falls Into Slump
week.
Standard estimates that gross
national product in 1957 will
total S432 billion, up 4.7 per
cent; national income S340 bil
lion, up 4 8 pr cent; and dis
posable income (personal income
after taxes) i2S 5 billion, up
4 1 per nt. ! stocks with few friends
Quarterly Indexes Some others believe, how
international statistical Bu-: ever, mat once me rans get into j Attendance at his sermons
reau believes third quarter indi- j action, they could give the,las nol fauen 0ff noticeably.
whole market a lift and induce Thursday nights crowd of 17,
more to purchase the carriers. i0oo was about averaue and more
ithan 535,000 persons have heard
growth stocks for appreciation. ; fallen into an expected fifth-
Tins, he adds, has left income week slump that requires Chris
tians to pray and act to pump
new spiritual vigor into it
cators will be fractionally high
er than those of the second quar
ter with the last quarter gain
irut further.
Tht service looks for a rise
of three to five per cent over
1938- in retail trade with the
summer season making a better
showing y.r to year than the
spring.
Vest Angry Over
Soviet Knowledge
Graham's sermons since the cru
sade began May 15.
But Wednesday night's 336
"decisions for Christ'' was the
lowest number recorded since
the revival started and Thursday
London W Western night's 447 "decisions'' was
There are meny other favor-!j;i ,r . ;,, . roughly two-thirds the number
UlUiUlllclld UJIIMKaIUCvI f-Ziivottij
able items being listed by the1. A .. . , iGraham has averaged nightly,
bullish element. Hence the re- out anSni-v loaay lne "Asians, j feel
myself, and members
cently bullish utterances on the;know morc about Harold E. of the crusade team agree with
stock market. Stasscn's latest disarmament i me, that we're falling down in
No one in the financial dis- plan than the United States' our prayer,"' Graham said. "This
trict expects anything but a se- closest allies know themselves, always happens in the fifth week
lective advance, but most of the I The new American plan still of our crusades it happend in
has not been presented to the London to Glasgow."
five-power London disarma
ment conference which resumes
today although Soviet Commu
nist leader Nikita Krushchev
discussed it Thursday in Hel
sinki. Stassen returned from Wash
ington today with new "pro
cedural'' instructions from Sec-
Civil Rights Yoie
Targe! for Tonight
Washington f The House
civil rights forces drove today
for a final vote on the civil
rights program by nightfall.
Two Priests Freed
By Communist China
Hong Kong W Two
American Roman Catholic
priests were released from
Building Halted
On Cathedral
Washington, D C. Major con
struction on the Washington Na
tion Cathedral (Episcopal) has
been halted for the first time
since World War II because of
lack of funds. Bishop Angus
Dun of Washington has dis
closed. The last time work on the
Cathedral of SS. Peter and Paul
was interrupted was in 1942.
when the wartime shortage of
materials made it impossible to
continue. Construction work was
resumed in 1948 and has made
steady progress since then.
The bishop told the annual
convention of the Washington
diocese that about S15.000.000
has been spent on construction
cf the Cathedral since the cor
nerstone was laid in 1907. He
said that at least an equal
amount will be needed to com
plete the structure which will
be the world's 12th largest re
ligious edifice when completed.
The Cathedral will observe
the 50th anniversary of the start
of construction in September
with a colorful public service
for dedication of two newly
completed bays.
Tax Reduction
Seen Year Away
Washington W President
retary of State John Foster j Communist Chinese captivity i Eisenhower's budget chief says
Dulles. Stassen denied he had today upon completion of fourjthe earliest you can hope for a
i been reprimanded for his pri-
is more than
year
'year Drison terms, according tnitax cut
But southerners said they'vate talks with Russian repre-a telephone report from Shang-'away. And then only maybe
have many more amendments tentative Valerian Zorin. ; hai . Budget Bureau Director
to propose. They predicted no j But Western diplomats ex- The priests were Jesuit Percival F. Brundage told a
final vote today. 'pressed satisfaction that vet- Fathers Charles J. McCarthy, of 'joint congressional economic
The House spent five hours eran American diplomat Julius San Francisco, and John' A. subcommittee Thursday that he
Thursday debating and defeating Holmes, former minister to Lon- Houle, of Glendale, Calif. They I hopes "it may be possible to con
amendments affecting a small :don, would arrive here shortly were arrested in Shanghai June 'sider some tax reductions'' to
section of the bill. Ifrom Washington to "chaperone" 15, 1953 and sentenced to fourjbecome effective sometime after
The amendments were aimed Stassen on matters of pro- years imprisonment on charges July 1. 1958.
at limiting or changing the cedure. . jof espionage. - But he said this would be
In a telephone conversation l possible only if the battle for
with the United Press office 1 economy goes on relentlessly,
here. McCarthy said he and I And he suggested that even then
Building Declines
duties of a federal commission
called for by the Civil Rights nnar VrtllliTIP f
Bill. The commission would in- U'JIIul VvlUlllC Ul
vestigate complaints of right-to-vote
violations.
The key amendment still to
come was the "jury trial"
amendment. That would guaran
tee the right of trial by jury in
stead of by a federal judge to
persons accused of violating
federal injunctions in civil
rights cases.
new district court for Umatill
county.
Under House Bill 594. school
districts with certain minimum
requirements including true cash
valuation of at least S20.000.000
are authorized to set up com
munity or junior colleges.
Civil Rights Broadened
Other bills approved overhaul
laws covering the co-operative
corporations in Oregon and two
bills broaden protection of civil
rights.
Vetoed was Senate Bill 470
which would have given police
authority to fingerprint and pho
tograph anyone charged with a
misdemeanor.
In his veto message the gover
nor said. "It is my opinion that
to grant all policemen the pow
er to require a citizen to submit
to being fingerprinted for the
alleged commission of any mis
demeanor is contrary to good
public policy and is a serious in
fringement on the rights of the
individual citizen."
The governor also objected
that the bill allowed fingerprint
ing and photographing of chil
dren of any age.
The bill would also have cre
ated a central bureau of criminal
identification in the state police.
Gov. Holmes said this was a de
sirable objective and could be
accomplished by administrative
order.
Trust Deed Use Vetoed
Vetoed along with the finger
print bill were bills authorizing
use of trust deeds, to require the
state to pay half the salaries of
appraisers and draftsmen em
ployed by county assessors and
one setting a two per cent tax
' on trailers.
"The trust deed bill would. I
b e 1 i eve. materially increase
home owners' costs and work a
particular hardship on the farm
ers." Gov. Holmes said.
The vetoed house bill 382, the
assessor bill, because the legis
lature had not appropriated any
money and it might require sev
eral thousand dollars.
The trailer tax bill was veto
ed by the governor because he
believed that responsibility for
assessment and collection of the
taxes should not be transferred
from county officials to the de
partment of motor vehicles.
Prison Law Liberalized
Also approved were bills lib
eralizing laws granting time off
for good behavior in the state
penitentiary, appropriating mon
ey for education television in
Oregon and authorizing the board
of control to discontinue tuber
culosis hospitals at The Dalles or
Portland or use one of the in
stitutions for another purpose.
Lippert's Furniture
, i Store Opens Here
Lippert's Home Fur nishers.
new citv furniture store, opens
14 Soldiers Die
In Truck Upset
Ft. Campbell, Ky.
man said.
Pvt. Ronald J. Curtis, 21. of
Kalamazoo, Mich., who escaped
with his face bloodied from cuts,
said survivors held the heads of
trapped men above water to try
to keep them from drowning.
in a remodeled building at 220 Fourteen soldiers of the storied Curtis said only about three
North Bartlett st. at 10 a.m.;1(nst Airborne Division died .f tnen got out from under
tomorrow. . ithe wreckage. A helicopter had
Owners of the store are Mr. Plnned under a truck whlch to be used to lift one end of
and Mrs. Ed Lippert. of Water ! plunged 25 feet into a creek the truck off the bodies of the
Gap rd. Lippert owned furniture
stores in Gilroy and V atson
ville, Calif., for the eight years
previous to moving to the Rogue
Thursday. Nine others were in-! other men.
jured.
A spokesman from the Ft.
Campbell public information of-
ty." as soon as it can be deter-; f ice said some of the men ap-
Lippert's will feature pro-j parently were drowned "and
vincial and maple f u r n iture. others crushed to death when
There will also be drapery and ithe big truck skidded off a
carpet service. 'gravel road through "a guard
rail into shallow Piney Ford
Salem W Proclamation ofjereek.
the week of June 9 to 16 as "We don't know yet just how
Oregon Rose Week has been they died but an investigation
made by Gov. Robert Holmes. already is underway," a spokes-
l TOP SPEED "On Hie Spot"
I Relief tor Acid Indigestion
a 10
mm g
st mm
Look behind the smoke-screen of recently announced
new car price cuts and discover:
1 Ford factory-suggested prices, model for model, are
lowest of the low-price three... based on comparison
of manufacturers' suggested retail delivered prices.
2 Since Ford Dealers sell more cars than anybody
they can afford to give you a bigger trade-in deal!
Lowest price and highest trade means your cash cost
is smallest when you buy a beautiful new '57 Ford!
PROVE IT AT
CRATER LAKE MOTORS
MAIN AND FIR STS. PHONE SP 3-4547
! Houle are in good health.
j "I'm quite well," he said.
I "Father Houle still has a bad
Portland The dollar volume! back but he is comparatively
for building and construction well, in good health."
work in Medford was 20 per
PORTLANDj
r
cent less in May this year than
in May, 1956. according to a re
port prepared by Equitable Sav
ings and Loan association.
The figure for May, 1957, is
S450.125. compared with S560,
867 for May. 1957.
Similar drops occurred in
other Southern Oregon cities.
Ashland construction spending
was down 94 per cent. Grants
Pass 68 per cent, and Klamath
Falls. 77 per cent.
Oregon's total volume for
May, 1957 was S2,778,645.
against S4.259.515 a year ago.
a reduction of 35 per cent. The
report was based on a survey of
64 cities in Idaho. Oregon. Wash
ington and British Columbia,
plus eight counties in Oregon
and Washington.
l RiRuneSjJT
Protestants Short
25,000 Ministers
Recent Report Shows
In the United States at pres
ent there are 200.000 Protestant
ministers serving parishes, a full
26.000 short of the complement
considered necessary, an article
in National Council Outlook
said recently.
A preliminary report on be
half of the President's Commit
tee on Education Beyond the
High school estimates a 75 per
cent increase in our require
ments for professional services
by 1975. This implies an addi
tional need by then for 168.750
ministers.
Eight Central Point
Youths at Boys State
Central Point Eight Central
unit wu.'O a , lllYV a LLCI1U1 1 1
tne American Legion s Beaver
State at Oregon State college in
Corvallis. The session began last
Sunday and is scheduled to close
today.
Attending are John Fredrick,
David Mack. Hercshell Mack,
Richard Evans, Bill Callender.
Layton Skov. James Culbertson.
and James Goldpenny.
Sponsors are Myers-Holland
American Legion post 129: Kin
caid garage. Central Point clean
ers. Rogue Valley creamery,
Krupp's Associated service. Pio
neer club. Valley billiards, Fab
ers market, Cheney Studs. Cros
kcll hardware. John Cupp. Pan
ter's Richfield service, and Cen
tral Point Pharmacy.
the tax cutting prospects might
be over-turned if prices keep
rising.
Tlie subcommittee has receiv
ed testimony from a number of
private economists that cutting
taxes would be inflationary
under piesent economic condi
tions even if a budget surplus of
S3 billion was in prospect.
ONLY CELEBRATING
London W A man arrested
Thursday for breaking into a
store told the judge he got
drunk celebrating the death of
his mother-in-law. "I was expect
ing some insurance from her be
cause I had insured her eight
times," the man explained. His
name was not given.
Representative Heads
Southern Baptists
Chicago The new president
of the Southern Baptists Con
v e n 1 1 o n is Representative
Brooks Hays. Democrat of Ar
kansas. He was elected to head
the 112-year-old body at the
annual conference in Chicago
recently.
Mr. Hays is one of the few
laymen ever chosen to head the
group. He succeeds the Rev. C.
C. Warren of Charlotte. N.C.,
who had held the post through
two one-year terms.
Mr. Hays had served previ
ousl as a second vice-president :
of the denomination. He is a
former assistant attorney gen
eral of Arkansas and makes his
home in Little Rock. Mr. Hays j
has been a member of Congress
since 1942 and is a member of
the House Foreign Affairs Committee.
IN TAX SQUEEZE
Park Ridge, N.J. W Two
communities have put a tax
squeeze on Edwin Giels. Park
Ridge and neighboring Wood
cliff Lake are involved in a bor-
Salem HP Bids on about Sl.
800.000 in highway projects will
be received by the Oregon State der dispute and Giels' property
Highway Commission in Port-! is land both communities claim,
land June 27. 'He has been assessed by both.
The Colorful Sunday Oregonian
brings you another top magazine
for your complete enjoyment!
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Suooe
sliomis
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MORE MOORE MOWER BARGAINS
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Father Will Be PROUD of These
BIG TRADE-IN ALLOWANCE
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Aluminum Folding Chairs $4.25
Johnston Reel Type Mow
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your
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50' Plastic
GARDEN HOUSE
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7 ft. Umbrellas from $19.95
Polished hardwood pole
42" Steel Umbrella Table $17.80
42" Aluminum Umbrella Table $27.50
Redwood Picnic Sets from $21.50
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Aluminum Canvas Loungers
(contour tilting) $21.45
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