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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 10, 1957)
American Industrial Investors Protected Against Inflation By ELMER C. WALZEH United Pres Financial Elitor New York W Bisect the stock market for inflation and what have you got? I n d ustrials today are only 65 per cent above the 1946 level and 40 per cent high er than the 1937 peak. But this group is 12 per cent under the ton tnnrheH in tiii'er waizer 1929 Those figures come from the research department of the stock exchange firm of Francis I. Du Pont & Co. According to the calculation, the current industrial average translated into terms of the con sumer price index based on 1947 43 tqual to 100 works at 432. The 1945 average high of 213.36 becomes 261 and the 1937 peak of 195.59 becomes 308. The peak (intraday) of 336.10 becomes 491. Two Conclusions The Du Pont firm draws two conclusions from its calcula tions. 1. "It is clearly evident that the holders of shares of Amer ican industry have been protect ed over the past post-war de cade from the ravages of in flation." 2. "Even allowing for the loss in the worth of money, the stock market in recent years has had a sharp advance and accordingly discounts, to some extent, the improved underlying factors." According to the study, it is indicated that the market infla tion isn't as great as that of 1929 even now. Thus it would appear the market has further distance to travel before getting top heavy. What it will do and what effect inclation will have are the problems. Fluctuates on Over-all Picture The Du Pont study says that the market historically flucu ates on the basis of the overall economic picture and the for tunes of individual companies. "Unless and until a much more violent stage of inflation is w'tnessed, which would have to be predicted on features which do rot appear inherent in our American economic sphere," the firm says, "Indications are that the judgment of investors will still be based, to a major extent, on pricetimes-earnings ratios, yields, comparisons with book values and growth potentialities for individual industries and equities." There is talk that inflation pressure is lightening, a factor which last week brought better demand for bonds. Some in Wall Street regard less pressure on the money market as favorable to both stocks and bonds. BUTTE FALLS Lions Attend Convention By MARY JO HARRIS Butte Falls F. E. (Mannie) Poole and Bruce Pingle were delegates from the Butte Falls Lions club attending the Lions International Convention in San Francisco recently. A chartered bus left Med ford for the conven tion with 21 Relegates. Upon returning home, the Leo iff-Perfecl! Boy meets girl and they live happily ever after, atop their toaster "home." It's such fun to sew this cover; and just right for a bridal or shower gift! Pattern 7041: Transfer pat tern for toaster cover; directions. Easy-to-make gift, bazaar item! Send THIRTY-FIVE CENTS in coins for this pattern add 5 cents for each pattern for 1st class mailing. Send to Medford Mail Tribune. Household Arts Dept., P. O. Box 168, Old Chel sea Station, New York 11, .Y. Print plainly NAME. ADDRESS and PATTERN NUMBER. A bonus for our readers two FREE patterns, printed in our new Alice Brooks Needlecraft Book for 1957! Plus a wonderful variety of designs "to order crochet, knitting, embroidery, huck weaving, toys, dolls, others. Send 25 cents for your copy of this exciting NEW needle book now! TREE SUNBURN Columbia, Mo. IT The hot summer sun sunburns young trees, just as it does humans, according to L. E. McCormick, extension forester at the Uni versity of Missouri. He suggest ed wrapping young trees expos ed to the sun with burlap to prevent the sunburn, which oft en kills the trees. Campbell family of Buffalo, Minn., were caught in a tornado. Damage to their home was esti mated at $3,500. It destroyed the upper story, one side and one end. Repairs are now underway. Campbell is a brother to Mrs. Glenn Cathey and had just re turned to his home following a reunion with is sister in Butte Falls. Mr. and Mrs. Gene Irwin and family of Butte Falls spent part of their vacation on the coast. The Irwins went to Brookings and visited Mrs. Gene Irwin's parents, Mr. and Mrs. Charles Ellis. At Albany the Irwins vis ited friends and went on to Ore gon City to visit with Mr. and Mrs. Lynn Kelland, Mrs. Gene Irwin's sister. Mrs. Gene Irwin's sister, . Linda Ellis, returned to Butte Falls for a short visit. Guests in the - Page Stauffer home for several days were Mr. ' and Mrs. Loren Rhodes and Newell Rhodes of Salem, and Roy Stauffer of Eugene. Loren and Newell are brothers of Mrs. Stauffer and Roy is a brother of Page. Later in the week the Stauffers spent a short time on the Metolious river with the Ralph Hodges of Oakridge. Mr. and Mrs. Bill Glascock and daughter. Carmen, of Berke ley, Calif., were guests in the home of Mrs. Glascock's parents, the Les Ellis family of Butte Falls. The Glascocks are former residents. Mr. and Mrs. Roger Harris spent several days at Florence recently. From Florence the Har rises visited Sutton lake and Sea Lion caves. On their return trip they visited Harris' brother, Maurice Harris, of Klamath Falls, in Medford. Mr. and Mrs. Mannie Poole and daughter, Priscilla, went to the Chiloquin area recently to visit the Roy Lambert family. Priscilla is staying for a summer vacation at the Lambert ranch. Mrs. Lambert is a daughter of Mrs. Poole. Family and friends met at Dimond lake to observe Inde pendence Day. Mr. and Mrs. Jess Rodgers. Mr. and Mrs. Bill Rodgers and family, Mr. and Mrs. Al Hartlerode of Butte Falls, Mr. and Mrs. Leth Mea dows of Medford, Mr. and Mrs. Eddy Meadows and sons of Prineville, Mr. and Mrs. George Netherland and sons of San Francisco, and Mr. and Mrs. Vera Helbig of Grants Pass were members of one family pic nicking on the Fourth at the '. lake. Don't Say . "Hello" Say "FILTER-FLO" Friends snpnriinff iht Fnnrth at Diamond lake wprp Mr anH Mrs. Alva Webster and daugh ter, Linda, and Mr. and Mrs. Dan McKeen and family. Mrs. Jim Arnold spent several days in Medford at the home of Mr. and Mrs. Paul Greer. Mrs. Greer is a daughter of the Arn olds. Mrs. ArnnlH is attonrlinrf . ... .....f, ... r . , . . - I j-uauuciaieia luuveauon al iNOrin Bend. Frances' Furs Formerly Frances Dallaire 1100 Crater Lake Ave. Telephone SP 2-6526 HEADING FOR LONG BEACH, CALIF., and "Miss Uni verse" contest, Corine Rottsehafter (center), the Nether lands, wins "Miss Europe" title at Baden-Baden. At left is Marita Lindahl, Finland, second, and Gerti Daub (right), Germany, who won third place. (International Soundphoto) Langley Apeals To Supreme Court Portland m William Langley, former Multnomah county district attorney, Tues day appealed to the State Su preme Court his conviction on a misdemeanor charge of neg lect for failing to prosecute gambling. Langley was removed from of fice after the conviction. Langley also filed motions seeking dismissal of two indict ments against him. Last week he filed similar motions attacking other indictments. Wednesday, July 10, 1957 MEDFORD (OREGON) MAIL TRIBUNE THREE MM Wlii did I store my furniture mthBdwns? "TtTery storage department is m dean and tidy at Bckins ... every item of furniture carefully wrapped and prop erly identified. ..and Bekins storage rates are much lower than we had ex pected. I heartily recommend Bckins' responsible storage to anyone needing the service." 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