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EIGHT MEDFCRD (OREGON!
New Key To Market
Profits Said Way To
Make Capital Gains
By ELMER C. WALZER I have found such confidence in
United Prest Financial Editor long term growth and prosper-
to make biz capital zains in the
coming decade, steer away from
the "favored fifty ' and find a
new Key to
market prof
its, says a vet
eran broker.
Gerald M.
Loeb, a senior
partner of E.
F. Hutton &
Co., stre s s e d
this method
before a group
of University
of Verm ont
timer Waizer
students studying the ways of
'all Street during their summer
vacation. Loeb urged finding me
thods of trading outside those
hich everyone knows. And he
suggested charting an investment
nnlicir r. .. .. liMrc . w I I
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ing decade.
Admitting that stock risks are
much higher today than they
have been in the past, he saw
no over all bear market in the
making
He based his reasoning for
uch opinion on the diverse
trends of various industry
groups and a belief that dispos
able income and consumption
nil remain high. He said we
re living in an era of optimism
even though the business pic
ture isn't all it is popularly sup
posed to be.
"There are many lines that
are concerned with narrowing
profit margins," he said. "Yet
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MAIL TRIBUTE
if over production or a
profit squeeze exists in a com
pany the attitude is to continue
in the long run there will be a
need for it."
; He believes the international
situation will remain threaten-
ing even though the current
news suggests that it is improv
ing. He said the excess optimism
that marks current times makes
for a relatively weak technical
situation for the market.
Commenting on various
grqups of stocks he noted:
Steels are rated low because
they lack romance. Profits will
come from a gradually increas
ing investment rating.
Railroads, another low-rated
group, can make money in a
big way when modern owner-
ship management takes over
A i I t:.
tie bear market, but he feels
this is only temporary.
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The sleek new
Friday. June 28. 19S7
New York Mayor
Candidate Picked
New Y'ork IP New York
Republican leaders Thursday
night chose Robert K. Christen
berry. hotel executive and for
mer New York state athletic
commissioner, to oppose Demo
crat Robert F. Wagner in the
race for mayor next November.
Christenberry. 58, was appoint
ed state athletic commisisoner
in 1951 by the then governor,
Thomas E. Dewey. He is a na
tive of McLemoresville, Tenn.,
and was a cub reporter on the
Washington Herald in the 1920s.
As a hotelman, he headed the
Broadway Assn. for 15 years and
was known as the "unofficial
mayor of Broadway." He was
president of the Hotel Astor
until two years ago when he as
sumed the management of the
Hotel Ambassador.
Christenberry has never held
public office, but he was active
in civil defense work during
"World War II and once served
in diplomatic posts in Vladi
vostok and the Dominican Re
public. Dead line Sunday Classified
noon Saturday.
TEMPERATURES MADE TO ORDER-AT
Corvette ond Chevrolet Bel Air Convertible
Every CI my is a Corvette at heart
. . . because every Chevrolet shares
Corvette's sports car steering,
quicksilver responsiveness, its
readv-for-anvthing roadabilitv.
And once you've sampled these,
you won't settle for anything less!
In plain fact, a Chevy does give you an un
seen bonus you don't get in other cars. It's
the built-in stability, the accurate handling,
tZl it
Eiif !
4
. 4 Mil
FAMED CARTOONIST DIES-J. R. WilUams, NEA Sen'
ice, Inc. cartoonist and creator of "Out Our Way," died
at Huntington Memorial Hospital in Pasadena, Calif. He
was 69. He had suffered a relapse following a recent
operation and was returned to the hospital last week. A
heart condition complicated by the post-operative condi
tions was assigned as cause of death.
NEW lO'.V COST. GET A DEMONSTRATION!
the geared-to-the-road security that derive
from our experience building America's
only true sports car.
This doesn't show in the showroom, of
course. But you can feel it the minute you
wheel a Chevy out on the road. There's an
extra sense of confidence that comes from
its beautifully balanced weight distribu
tion, a new relaxation that stems from its
precise, instant response to steering, brakes
and throttle. And you discover a sub
conscious trust in your ability to place a
its
Only franchisee! Chevrolet dealers ";fffilj display this famous trademark
See Your Local Authorized Chevrolet Dealer
if v. ft &?&sr l?t S
Typhoon Baiters
Northeast Asia
Tokyo flfl Torrential
rains and floods spawned by
Typhoon Virginia battered north
east Asia Thursday and Friday,
leaving a trail of at least 86
persons dead and missing in
Formosa and Japan.
Virginia died out Friday in
the China Sea. but the down
pour which followed battered
Japan heavily throughout the
night.
Reports from Taipei said
floods killed 29 persons in Na
tionalist China and 16 others
were missing.
More than 3,000 persons were
homeless and about 500 houses
destroyed. Twenty-thousand per
sons were still threatened by the
floods in the southern part of
Formosa.
Unofficial reports received in
Tokyo said floods, landslides,
cave-ins, and other accidents re
sulted from the deluge that kill
ed 30 persons throughout Japan
and left 11 missing.
Washington HP T h e House
irrigation and reclamation sub
committee will resume hearings
next week on a bill authorizing
a government - financed "high"
dam in Hells Canyon.
Chevrolet exactly where you want it to be,
in traffic or on turns.
This is a real bonus you don't have to
give up anything to get it. Take it away
and Chevy would still be ahead of the field
in ultra-efficient engine design, in the
craftsmanship of Body by Fisher, in the
quiet good taste of styling, in the velvet
hush of its ride and the solidity of its con
struction. But you can't separate that
Corvette feeling from any Chevrolet it's
built in. Try one and see!
Exhibits from Area
Planned at GP Fair
Grants Pass Jackson county
is expected to have a large repre
sentation in exhibits at this
year's Josephine county fair,
scheduled Aug. 8-11.
Among exhibits this year will
be the national needle craft anj
photography divisions, accord
ing to Lee Boner, fair manager.
Kirk Braun, former Oregonian
photographer, will serve as one
of the judges in the photo con
test, according to Bob Gabriel,
superintendent.
Boner has extended a special
invitation to Jackson county res
idents to attend and participate
in the fair. The annual fair
premium book will be available
upon request from the fair office
on or after July 10. The book
lists all rules and directions for
contestants, officials pointed out.
Special entertainment as well
as an augmented horse racing
schedule are expected to attract
addtional guests to the county-
SAWDUST
Phone SP 3-6297
McGin'y Fuel Go.
MORE PEOPLE DRIVE
CHEVROLETS THAN AXT
OTHER CAR
FORMER ACTOR DIES
Oakdale, N.Y. m Robert
Le Seur. 77, former Broadway
actor and producer, died Thuri
day. owned grounds a half mile from
Grants Pass on the Redwood
highway
MONEY
At Crater Finance you may
borrow for any worthwhile
purpose on your
FURNITURE - AUTO
SALARY
and repay In monthly Install
ments. You may choose the
terms most suitable to you
up to 24 months.
Loans may b paid in ad
vance or in full at any time.
Crater Finance
CORPORATION
135 Pine St. - Central Point
Phone NO 4-1273
Frank Wilkinson, Mgr.
Convenient Parklnf
i
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