EIGHT MEDFORD (OREGON)
Looking Bull Market
Squarely in the Eye
Doesn't Reveal Age
BY ELMER C. WALZER
United Prest Financial Editor
New York W You can look
a bull market right square in tne
ee without getting one single
clue on his
age.
Take the
c u rrent bull
market. Most
eve rybody
admits we
have one. But
how old is it?
There are
those who will
Donald Gonzales say without a
ilinch of their moustaches that
this one dates back to April 18,
1942, for industrials when they
were at 92.92 and to June 2,
1942. in rails then at 23.31.
There are others who aver the
birthdate of the bull market
now in progress is June 13,
1948. when industrials were
161.60 and rails 41. 03 in their
respective averages.
Ns Argument Over Volume
A few will say there hasn't
been much of a bull market for
a year and a half or so, or since
the industrial average last made
a record high on April 6. 1956.
No matter what date is chosen,
there is no argument over the
volume of trading. Right now
the average for 1957 to date is
2,152,744 shares daily. That's
at an annual rate of turnover of
listed shares of a bit less than
12 per cent.
If this rate were to hold, the
year would be the smallest on
HORNBROOK
rrl
Holiday Visitors Listed
BY MRS. H. H. CHAPMAN
Hornbrook Mr. and Mrs.
Paul Greene and their grand
daughters, Linda and Lydia
Greene, spent last week camp
ing on the coast, at Patrick's
Point State Park near Trinidad,
Calif. On July 4 they were join
ed by two of their children and
their f a m i lies, Mr. and Mrs.
David Mallow and children of
Ft. Jones, and Mr. and Mrs. Ken
neth Greene and children of
Eureka.
Other vacationers at Eureka
last week were Mr. and Mrs.
George McCann.
Ermin Leonard and Steve
Bear drove to Portland las week
where they visited relatives, and
on July 4 attended the rodeo at
St. Paul. '
Mr. and Mrs. Milo Dilley and
nd daughter, Betty, moved last
week to Reno. Nev. where Dilley
has been employed since last
November.
Mr . and Mrs. L. Everett Jeter
visited then- daughter and son-in-law.
Mr. and Mrs. Richard
Campbell, in Chico, Calif., last
weekend.
Mr. and Mrs. F. J. Jensen and
and daughter, Judy, of Lucerne
Valley in San Bernardino coun
ty. Calif., have been visiting
her parents and brother, Mr. and
Mrs. L. L. L o c k w o od and
Wimpy."
Mr. and Mrs. Joe Thornton
left on Sunday for their home in
Stockton after a two week's
visit with her parents, Mr. and
Mrs. George Sloan.
Matt Johnson has been visit
relatives in Portland the past
week.
Two farewell parties were
held in Copco this week. One of
hem. at Mrs. Jacobsen s nome.
honored Mrs. Thurman Turner
who is moving to Klamath Falls
where Turner has been trans-
fered by Copco. Guests were
iur Nancv SheDard. Mrs. Jean
Chappel, Mrs. Crystal DeShaz
er. Mrs. A 1 1 a Crandall. Mrs.
Genny Trullinger, Mrs. Zona
rnleman. Mrs. Deardorf. Mrs
Ellen Wilson and Mrs. Waltina
Trirta v.
Mrs. Mary Stinson was guest
of honor at the other party wnicn
was given at her home by Mrs.
Nancy Shepard. Those present
were Mrs. Jean Chappel. Mrs.
Crystal DeShazer, Mrs. Waltina
Friday, Mrs. Alta Crandall. Mrs.
Paulie Holcomb, and Mrs. Gen
ny Trullinger. Both parties
were combined with the reg
ular weekly meetings of the
Pinochle club. Mr. and Mrs.
Stinson are moving soon to Tok
ettee Falls, where he will re
sume his job with Copco.
Mr. and Mrs. Jack Holcomb
have moved here from Tokettee
Falls.
Two bob-cat kittens were kill
ed this week near the old Sloan
ranch by Ken DeShazer. Jack
Sheppard, and Taylor Yocum.
Ricky Trullinger. 10-year-old
son of Mr. and Mrs. Dick Trul
linger under went surgery Wed
nesday at Sacred Heart hospital
in Medford.
Mr. and Mrs. Jim Pixler and
son of Yreka were Sunday visit
ors at the home of Mr. and Mrs.
Dick Trullinger
Mr. and Mrs. Carl Finch and
MAIL TRIBUNE
a turn over basis since 1942
If this bull movement dates
back to 1942. the industrials
are up 459 per cent today and
rails, up 561 per cent.
If the 1948 date is accepted
the industrials are up 221 per
cent and rails 271 per cent.
Take your choice, say the old
timers, who ruefully admit they
don't know much about mar
kets of these days. And, the
youngsters will tell you the same
thing.
These markets just don't oper
ate according to the old rules.
The things that throw themv off
are high taxes, regulation, pen
sion and other funds, and in
flation talk.
Trading Highly Speculative
As one expert put it, the trad
ing is highly speculative. No
one wants to buy a stock that
isn't heading for several hund
red dollars. The aim is to buy
the imaginative issues and neg
lect the good substantial stocks,
he says.
This market analyst also noted
that instead of a big percentage
of stocks rising in a day the
best days show just about as
many unchanged and lower as
there are gains. Wednesday, for
example when the market aver
ages rose sharply, there were
573 issues higher while the com
bination of issues lower and un
changed amounted to 631.
No matter how old the bull
market is, the old-timers insist it
could stand a little rest for con
solidation purposes, if nothing
else.
their flrandson. Billv. Burk. of
Sacramento have returned home
here after a two-week trip' to
uanaaa wnere tney visnea iri
ends and relatives.
Week end guests of Mr. and
Mrs. Jack Shepard were his
uncle and aunt, Mr. and Mrs.
Cecil Shepard who were en
route to Tacoma, Wash., from
their home in San Marino, Calif.
Mr. and Mrs. Morrie Chap
pel and sons spent last weekend
at Tokettee Falls visiting fri
ends, and where they were
guests of Mr. and Mrs. Jack
Claybaugh at their home.
Mrs. Louise Newhouse of Bend
spent last week with her daugh
ter and son-in-law, Mr. and Mrs.
Ken DeShazer and d a u ghter.
Week end guests of the DeShaz
ers were Mr. and Mrs Floyd
Koontz of Oakland, Calif.
Mrs. Alta Crandall visited re
latives in Medford and Rogue
River last week end.
CANINE DENTIST
Bell Buckle, Tenn. W
A Chihuahua noe Dulled little
Steve Rigney's tooth. The boy's
father had tied a string around
Steve's loose tooth and Steve
the floor when the
dog grabbed the string, pulled
it ana Steve s loom.
Illinois Institute of Technol
ogy engineers report they have
developed a battery witn oj
times greater potential voltage
and 10 times longer storage life.
Court Records
Ml'MI IPAI. COL'RT
Claude Francis Grigsby, disobeying
traffic signal. S3.
William A Rosenbalm Jr.. disobey.
ine stnn sien. S3.
James F. Addington. violation of
basic rule. 510.
Robert Edward Gould, no license
Dial I- lieht. $250.
Barbara Lee Palmer, excessive
noise. S10.
James Eldon Wheeler, inadequate
equipment. S10.
Gale Gwendon Kimball, violation
of hacir- ml 10
Iva Nola Martin, violation of basic
rule. $10
Yvonne Ruth Reynolds, violation "-of
basic rule. S10.
Roland James Shupe. violation of
basic rule. S10.
Archie Grant Morrow, failure to
yield right of way. sin.
Myron Olaf Hanson, violation of
basic rule. $10
Perry Houston Sneed. excessive
noise. S3
Alva Edward Leopard, improper
lane usage. S3.
DISTRICT rOl'RT
Joe Blass Sullivant, failure to stop
at stop sipn. $10.
Ernest Ray Frances, overload, $63.
Rodnev Howard Thackeray, viola
tion of basic rule. $15, bail forfeited.
Jack Robert Shuey. overload. $20.
Robert James Gregg, overload. $25.
Claron William Henderson, improp
erly changing lanes. $10, violation of
basic rule. S10.
Page Ellsworth Severson, failure to
stob at stoo siRn, $10.
James Warren Straus, failure to
stop at stop sign. $10.
Emery Roland Caldwell, violation of
basic rule. $15.
William Sidney Goldin. no emerg
ency brake. S6.
Dayton Kingsberry Varner. follow
ing too close. $15.
Wiltiam Everett Kennedy, inadequ
ate muffler. $15.
Ernest Randolph Armstrong, drunk
on a public highway. $30.
CIRCIIT COt'RT
Jessie Jo Ann Waelty vs. Deward
Owen Waelty. divorce complaint.
Patricia L. Witt vs. Ralph L. Witt
Jr.. divorce complaint.
Heartburn?
Always carry fast-acting Toms for
top-speed relief from acid indige4
tion.No water needed. No waitingy
CwrlOleloi
Friday. July 12. 1957
Family
Council
Peggy J Mother treats me
like a baby.
Mm. D. J I am trying to
keep her in check.
Peggy J. I am a girl of 15,
but everyone tells me I look a
lot younger. As a result, boys
do not ask me out. All my
friends have been dating for
two years, but I hardly ever go
any place.
It is all my mother's fault.
She didn't let me wear any lip
stick until this year. Even now,
she makes me come back and
wash my face if she thinks I
have too much on. She chooses
all my clothes and makes me
wear babyish dresses. The few
times I have gone out, she lec
tures the boy so much about
what time to bring me back
that the fun is all spoiled and
the boy never calls again.
It has gotten so bad that all
I can think about is running
away. I want to go some place
where I can be free and not
treated like a baby. I have a
married half-sister and she says
she sympathizes with me be
cause she went through the same
thing, but she can't help me.
.
Mrs. D. J I am at my wit's
end to know what to do about
Peggy. We live in a bad neigh
borhood. There are some very
rough kids around and I worry
about her all the time. I do not
like her going out with these
boys at all. There is plenty of
time for that.
Unfortunately, we can't move.
We own our house and have a
business here. As a result of this
situation, Peggy's sister made
a very bad marriage. I am try
ing to prevent the same thing
from happening to her.
I feel that if I can keep Peggy
in check for the next two years,
everything will work out for the
best. She may go to college,
but if she doesn't she will go
out to work and will have a
chance to meet nice people. It
makes me sick when I see her
running around with some of
the kids who live around here.
She's a pretty girl and I have
high hopes for her.
The Council: Keeping Peggy
"in check" when all she can
think about is "running away"
is like sitting on a keg of dyna
mite. Even if Mrs. D. J. should
be able to succeed in keeping
the explosive situation under
control, it would not be the best
thing for Peggy, who has a per
fectly normal desire to enjoy
the social life other teen-agers
have.
Mrs. D. J.'s fears are probably
running away with her a bit.
Few neighborhoods are so tot
ally "bad" that there aren't some
nice families in them. There are
supervised church groups, school
groups, neighborhood groups
that attract bright, well-behaved
boys and girls.
Mrs. D. J. should make the
effort to seek out such groups
and encourage Peggy to join
them. She should try to teach
Peggy how to evaluate people
and their behavior, so that the
girl will be able to find her own
way around socially.
Mrs. D. J. should not con
demn all the youngsters in the
neighborhood simply because
they live there. After all, her
own daughter happens to be
neighborhood "kid" too.
Peggy is old enough to choose
her own clothes. Dressing her
and treating her like a baby is
cruel and will add fuel to her
already flaring rebellion.
(COPYRIGHT 1957.
GENERAL FEAURES CORP.)
Instruments sensitive enough
to detect a white tennis ball
a distance of 1,000 miles are
-used to search for satellites
other than the moon according
to the Illinois Institute of Tech
nology.
Pussy-Footing
Around
For A
VACATION LOAN?
GO NO FURTHER!
SEE US NOW!
Repay In Convenient Monthly Payment!
LOANS FROM
$25.00 to $2,500.00
Automobile Furniture Salary
COMMERCIAL
INDUSTRIAL
FINANCE CORP.
Phone SP 3-4564 Sparta Bldg. Medford
On The Side
(Distributed by King
Having heard that a man nam-
ed Maltz had his name legally
changed to Harry S. Truman, a
young woman of Manhattan
wants to know if he could have
her name changed to Marilyn
Monroe. She certainly could.
There is now law against it. In
this connection, it is worthy of
note that I have a reader named
Marilyn Monroe. That is her
real name. She is a secretary in
Manhattan. As you know, the
real name of the actress profes
sionally known as Marilyn Mon
roe is Norma Daugherty. It was
Ben Lyon who suggested she
take the professional name of
Marilyn Monroe.
That Bulge
Have you one of those bulges
facetiously referred to as "a
corporation"? Do you want to
get rid of it so your wife won't
be ashamed of your appearance
in a bathing suit? What follows
is an exercise Gayelord Hauser
maintains will eliminate said
bulge. Breate in. Hold it to count
of 10. Breathe out. Do this 10
times daily.
Passing By .
Otto Bismarck. Distinguished
culinary expert. He is chef of
the world's most popular ocean
liner, which is, of course, the
good ship United States. Otto is
the orignator of many delicious
menu items one of which is
kangaroo tail soup.
Economy
Have you written your Con
gressman lately? What is he per
sonally doing to aid in cutting
down the current high expenses
of government? India is now en
gaged in an economy drive as
to government expenses. Pre
mier Nehru, whose salary has
been the equivalent of $500 a
month, has taken a 10 per cent !
cut. Not only that, Premier j
Nehru who is 67 years old, is
learning to ride a motorcycle. He
intends to use a motorcycle reg
ularly and thus save the use of
an official automobile.
Complaint
If in an effort to get tickets
for any New York legitimate
stage production, you are sub
jected to what you consider un
fair treatment, send your com
plaint to Bernard J. O'Connell,
Commissioner of Licenses. Your
complaint will be courteously
and carefully considered and if
justified you will get action on
it.
Among the Married
Have you bought your wife a
mink coat? If so, you are en
titled to have a vicuna overcoat.
This is a garment made of
vicuna cloth which is made from
the hair of a camel-like South
American animal. A vicuna over
coat costs about $735. Throw out
a hint to your wife that you
would like to have one for a
wedding anniversary present.
The vicuna coats are noted for
their great warmth and remark
able lightness.
Asides
The first synagogue In Dublin,
Ireland, was built on Crane Lane
in the. Irish capital nearly 300
years ago. To be exact in 1660
A.D. . . . What actor, still active
in his profession, has had the
longest stage career? Can you
top the record of 87-year-old A.
E. Matthews, who has been on
the stage 70 years?
Greatest
Who is the world's greatest
plastic surgeon? My nomination
is Sir Archibald Mclndoe of Eng
land. Sir Archibald specializes in
mending the faces of persons dis
figured in accidents or by war
injury. In Great Britain there is
an organization of former mem
of the Royal Air Force known
as "The Guinea Pig Club." Every
member of this club has benefit
ed by plastic surgery perform
ed by Sir Archibald Mclndoe.
It has 600 members!
Asking
Queries from clients. Q. Are
you familiar with the poem be
ginning, "When you were a tad
pole and I was a fish"? A. Yes,
ma'am. It is titled "Evolution"
and was written by Langdon
Smith. Q. I claim Eddie Foy
and the Seven Little Foys ap
' By E. V. Durling
Feature Syadicare. Inc.)
peared in a silent film produced
about 40 years ago. Right? A.
Quite right sir. The film you
have in mind was titled "A Fav
orite Fool" and was produced
at the D. W. Griffith studios in
Hollywood in 1915.
Judge Overturns
Conlempl Verdict
Washington (IP) A federal
judge has overturned the con
tempt of Congress conviction of
Seymour Peck, New York Times
deskman who balked at telling
Senate investigators about poli
tical views of past associates.
Judge Luther W. Youngdahl
ruled Thursday that the resolu
tion setting up the Senate In
ternal Security , Subcommitte
was vague. Furthermore, he
said, the subcommittee's practice
of asking witnesses about past
political associates is an "in
tolerable" invasion of privacy.
Youngdahl's decision was in
line with the recent Supreme
Court Watkins decision saying
congressional investigating com
mittees must have a legitimate
legislative aim and must spell
out their purposes to witnesses.
Peck told the Senate subcom
mittee of his own Communist af
filiations from 1935 until 1949,
but he declined to identify
others as party members. He
was convicted of contempt by a
jury in Youngdahl's court
HERE WE GO AGAIN!
Yes, we are moving. We must have more space, thanks
to you, and to all of our fine Assureds.
THE PLACE - OFFICE PARK
1133 South Riverside, Cottage Number 6
In the same yard with the P.U.C. Office
THE TIME Monday morning, July 15, 8:00 a.m.
TELEPHONE NUMBER The same, SP 3-5090.
MAILING ADDRESS The same, P.O. Box 283, Med
ford. OUR SERVICE Unlimited, with added office and out
door personnel.
OUR COVERAGE We insure anything that can be in
sured. PARKING SPACE FREE and plenty of it.
COME IN and enjoy our new AIR-CONDITIONING! '
Ed Atkins
ATKINS INSURANCE AGENCY
OFFCE NUMBER 6
1133 South Riverside Medford, Oregon
Sticky Fluid From
Trees in Honey Dew
The sticky fluid dripping from
maple trees is caused by insects,
according to Don Berry, county
horticulture agent.
One of two different bugs
may be ' responsible for the
sticky honey dew which causes
maple trees to take on a shiny !
appearance and drip a sticky ,
material on automobiles, bicy-1
cles, chairs, tables, and other j
objects under the trees, Berry i
said.
Cottony maple scale is the ;
most prevalent cause of honey i
dew. On some maples aphids,
however, are also causing trou
ble. Cottony maple scale is rec
ognized as white cottony blobs
on the twigs and smaller
branches and is first noticed in i
spring and early summer.
From the cotton masses, thous
ands of tiny crawlers emerge i
during the latter part of June.
The yellow crawlers, barely vis
ible to the human eye, soon set-
Iie on tne twigs ana ionage ana ,
begin secreting a sticky fluid
called honey dew which drips
down and causes articles under
the tree to become covered with
a sticky coat.
Control measures consisting
of one gallon of summer oil plus
Egyptian silversmiths as early
as. 2000 B. C, used primitive
forms of "wet" electric batter
ies in electroplating metals, ac
cording to recent archaeological
discoveries.
Donald H. F. Miller
0 OrrfL .....
Mciflhor could tfly,
btrf fthoy soloed fto freedom
These (wo escaped -but 70 million others re
main captive behind the Iron Curtain. And these
are the people at whom Radio Free Europe beams
its daily broadcasts. Escape is not its aim. Radio
Free Europe penetrates the Iron Curtain to spread
truth ... to strengthen hope and resistance.
Said the youths above, "It ( Radio Free Europe )
added courage and strength to strained nerves.
Tit offered us... a hope for a better future,"
said a young nurse who fled to the West
Support Rodio Fre Europe Snd your
MEDFORD MAIL TRIBUNE
two pounds of 25 per cent mala
thion powder per 100 gallons of
water, should be applied after
the crawlers emerge. This spray
combination would also control
aphids and thus give a double
barrel effect in cleaning up the
honey dew. Berry explained.
BROOKS ELECTRIC
& PLUMBING
1016 North Riverside
1 H.P. - 110 Volt - Model SW100C
With Custom 8 Position Control
WESTINGHOUSE
Air Conditioner
Rum on normal house current
saves on installation, saves up to
40 on electricity! Thinner, low
er, smarter too, there's no bulky
overhang blends with your
home inside and out. Has builHn
thermostat adjustable no draft
grills, many more big features.
This Price Good Thru July 15 Only
YOU CAN BE SURE. ..IP ITS
Atyfcstinghouse
WE GIVE S&H GREEN STAMPS
They had iwvcr flown before. But early one morning Zdnek
Machilner, 19, and Karel Kucera. 20, tied up a Czech guard and
wobbled to the safety of West Germany in a stolen plane.
"Everybody is listening- even the Communists,"
said an escaped Czech skating champion.
From 29 powerful transmitters, Radio Free
Europe broadcasts up to 20 hours of truth a day
to five key satellite countries Poland, Czecho
slovakia, Romania, Hungary and Bulgaria. And
how the Communist bosses fear it!
Each dollar you contribute
of Truth on Radio Free Europe. How
many minutes will you give?
Truth DoKom to:
CRUSADE
for
FREEDOM
BANKER DIES
San Francisco HP George J.
Giannini, 80, a member of the
widely-known California bank
ing family and a former vice
president of the Bank of Amer
ica, which was founded by an
older brother, died Thursday.
Phone SP 2-5209
S
(Bid oo
NOTHING DOWN
4.00 A WEEK
sponsors a Minute
km ns tummy