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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 18, 1957)
e .a . ..a - tot t ihrttJ. I fAfc 1 eft- '-!L aw. -w "m a r 4t .1, ' I 1' , MAY BE SUMMER WHITE HOUSE-President and Mrs. Elsenhower plan to" spend a ( summer vacation at Newport. R. I., Naval Base. Press Secretary James Hagerty said the plan was contingent on "if and when the President can get away." Ike and Mamie would occupy this home of the base commandant, Rear Adm. Henry Cromelin oa Coaster s Harbor Island. - - - Uranium Stock Craze Slows In Salt Lake City Market Salt Lake City OP) The uranium stock market craze which reached such dizzy heights three years ago, today was com pared to a horse race where the winner hasn't been decided but some horses are still running. There were three days in mid J 954 when shares in newly form- ed uranium companies, many of them marketed at a penney a share, sold at a rate of 3,000,000 a day That was a greater volumne in total shares, although not in value, than stocks traded those sama days on the New York Ex change. Interest was so high in the over-the-counter dealings in Salt Lake City, center of the uranium company business, that some lunch rooms even set up quotation boards. Now, sales average only around 200,000 a day. Stocks of cores of companies have been dormant for months. There are 80 licensed brokers here now compared with 40 in 1950, before the boom, and 117 when the uranium trading reached its peak. The number of uranium com panies licensed to trade in Utah, as shown in records of director Milton H. Love of the Utah Se curities Commission, also illu strate the ups and downs of the market. Like A Horse Race In 1950, one company was li censed. There were four formed In 1951 and five each in 1952 and 1953. In 1953, the licensing of uranimum firms skyrocketed to 144 In 1955, 98 were formed. The bubble broke in 1956, when only 18 were formed the last In September. None has been li censed yet this year. But Love feels that the Utah residents who invested an esti mated $30 million is the fission able fuel concerns during the last six years have had a " fair run for their money," in the best traditions of mining specu lation. Love estimated 60 to 90 million dollars were spent in other states on uranium stocks during the same time. He said the only concern of the Securities Commission wa3 to make sure that all was honest that "if a company clicked, the best public investors would share equally with the promot ers in success; if it failed, the romoters would suffer their osses, too." "Mining is like that," Love added. "History of mining shows that not more than one in 20 of the companies formed succeeds." Love compared the mining speculation to a horse race. II 17 horses were entered In the Kentucky Derby, he said, "no one would think of prohibiting 14 of fhem from running just because everyone knew there'd be only three winners win, place and show." "In checking over companies that want to sell stocks, we just want to make sure that, so tc speak, the horses are not 'doped'," he added. 400 Mines Shipping Despite failure of some 100 companies to survive the specu lation craze, a -wave of consoli dations and lack of capital or "know-how" to bring out profit able amounts of ore, the urani um boom has been a benefit to Utah, Love said. He reported more than 400 mines are now shipping their vital ore to the Atomic Energy Commission, presently the sole purchaser under law. He said their operations bring the state and its residents a revenue of 30 million dollars a year equal in just 12 months to the total Invested in stocks. Many of the successful ven tures on the Colorado Plateau uranium belt and in the Marys vale area of south-central Utah are privately financed companies whose stocks were never offered publicly. I They are producing tons and tons of uranium for which the stockholders are well compen sated," Love said. "We are now getting the answers on which can succeed not only in finding ore but in getting it out. But the final winners won t be known for years since ultimate success depends upon prices and the ex tent of practical ore bodies." Uranium customarily occurs in pockets, some of only a few tons. Few veins, common to non ferrous and precious metals min ing, have been found. Some mines that have been producers have already closed, their ore bodies depleted. Others, Lore predicted, would be mined for years, particularly if the laws are changed so uranium can be sold privately as the "fuel of the future." TORNADO SHELTER Holland, Mich. TO An Otta wa County elementary school will have the first school tornado shelter in. western Michigan. The reinforced shelter under one of the largest classrooms of the Apple Avenue elementary school will cost about $8,000 and will accommodate an esti mated 100 children. PTO VJGEEJ tlTTB CZE) G Dick Fanger 1760 North Riverside SP 2-5868 Walt Kingman 5 mgr. 144 South rnra ?P 2-876' Second Edition of Northwest Atlas Published by OSC Corvallis A revised and expanded second edition of "At las of the Pacific Northwest has been published by Oregon, State college. The first edition, published in 1953, received wide recognition as a reference on resources, in dustries and development po tentials of the Northwest. Ore gon, Washington, Idaho and western Montana are covered in the book. Twenty - four Oregon State college staff members contrib uted material to the new edition. with Richard M. Highsmith Jr., department of natural resources, serving as editor. Outlines Resources The Atlas outlines water, soil. forest, range, crop, fishery, min eral, recreation and electric power resources and facilities; manufacturing deve 1 o p m e n t; metal and chemical industries; transportation and trade; types of farming; forest utilization and food processing: climate and landforms; and historical sec tions. Two new sections have been added. One is on the history of the settlement of the region, to gether with maps showing im portant Indian tribes and routes followed by the pioneers. The second gives background infor mation on major urban centers, which have populations of 20,- 000 or more. All sections and maps have been rewritten and revised to include development and changes since the 1953 edition was published. Seventy - two maps were prepared especially for the book. Honolulu Residents Pay (or Peace By PATRICK J. KILLEN United Press Correspondent Honolulu (IP) A new scheme to raise money for charity re cently hit this island paradise, and cheerful contributors agreed it was a great way to spend a night. The gimmick involved no parking problems and no quest for baby sitters. Contributors merely bought tickets entitling them to "an evening at home." The tickets ranged from one dollar for a simple quiet evening to 10 dollars for the "relaxed patron" who "didn't even have to answer the phone." Actually, nobody won any thing or had any special service. Contributors just took the time off from the social grind and paid for it as a rare privilege. The success of the venture in dicated that people here may rather pay for nothing In the name of a good cause than to get involved in charity bazaars, fairs, costume parties and other traditional fund-raising events. Big Response Behind the idea was the Wom en's Auxiliary of the Honolulu County Medical Society. Accord ing to the president, Mrs. Louis Buzaid, "an evening at home" originated in Cleveland and has had considerable success on the mainland United States. The local auxiliary netted $1,200 which was donated to the Ameri can Medical Education Associa tion. This was the first year the drive was undertaken so there is no way to gauge whether an other system would have pro duced more funds. But Mrs. Buzaid thinks not. About 3,000 letters were sent to families in town and "the response was tremendous," she said. "We have1 no record as to what the families actually did, but we got no complaints that their evening was ruined," she added. "Most of them just stay ed home with the children or worked on their hobbies." BROCCOLI FOR SALAD New York IW Use left-over broccoli for a salad. Marinate the cold, cooked broccoli in french dressing for several hours. Drain and serve on head lettuce. Garnish with pimento and hard-cooked eggs. Investment Firm Quits With Profit Topeka, Kan. OP) The regis tered stockholders of the Van Buren Investment Syndicate sold out with a 10 per cent pro fit recently. The syndicate was strictly an exclusive deal limited to Invest ors within the sixth grade of Van Buren elementary school here. It was formed last November after Frank Colaw, principal of Van Buren and part-time sixth grade teacher, brought invest ment matters into arithmetic study. Stock market graphs were clipped from newspapers by the students and brought to class as an assignment, and from this modest beginning the natural profit motive was meshed with homework in a happy combina tion. Soon, the class purchased one share of Kansas Power St Light Co. stock on the over-the-counter market for S23.50. They split the share up into 235 par 10-cent shares. Things picked up and the syn dicate entered the open market to pick up another share. When the vacation bells sound ed, the syndicate was dissolved. A 10-cent share brought 11 cents since K. P. & L. had gone up from $23.50 to $25.50 when the "directo'rs" decided to sell out and loaf awhile. Colaw bought the two shares at market value. It was sad, he sad, but he doubted if there would be a Van Buren Invest ment Syndicate, next year. Co law, 30, is moving over to Charles Sheldon grade school next fall as principal. - "They learned something about how big business operates, how to vote, how you go about buying your share and a little arithmetic, too," he commented. "They voted and sent three representatives to back their in terests at the annual stockhold er's meeting. They voted their shares." 1 The average annual cotton cjop of Texas is so large that its value approaches the total production of gold, silver, zinc, lead and copper mines in the United States. DeJ line Sunday Classified Is noon Saturday; 10 a.m. Monday for Monday; other days 5 30 previous day Thursday. July 18. 1957 MEDFORD (OREGON) MAIL TRIBUNE SEVZW One-Lapel Dinner Suit Believed Ccming Thing Buffalo, N.Y. HP) Buffalo customer tailor John Barbieri has designed a one-lapel dinner suit in Italian silk, and he pre dicts this style will be "sweep ing the country 10 years from now." Another Barbieri creation this year is a coat with zippered arms that permit the sleeves to be turned back to form a cloak in warmer weather. The Winnipeg Grain ex change was organized in the year of 1908. Motorcycle Policeman Escorts Wrong Man Madison, Wis. (in Stout State College president Verne Fryglund was driving to White water, Wis., for a library dedi cation ceremony when a motor cycle policeman pulled ahead of his car and motioned for him to follow. With siren screaming, the policeman led Fryklund's car up to the library steps where the dedication was to take place. As Fryklund stepped from his car, another college president shoute: "No! No! That's not Getting New Car Proves No Problem St. Louis, Mo. TO Getting a new car for the family to re place the 1955 model proved no problem whatsoever for Mrs. Arthur Jones. Mrs. Jones, who won the fam ily's 1955 auto in a contest, simply, entered another contest and won another car. Mrs. Jones has won many contests. the governor. It's only Fryklund." mm: 838 W. McANDREWS RD. PHONE SP 3-1666 Store Hours: 8 A.M. to 7 P.M. Week Days CLOSED SUNDAYS WESSON OIL LETTUCE CATSUP (Fresh crisp heads) (Del Monte) 14-oz PEANUT BUTTER Laura Scudder quart 63 6 each 2 for 39 550 FRISKIES Dog Food 5 lbs. 69l, 10 lbs. 1.33 Ve have complele line canning supplies MANY MORE SPECIALS NOT LISTED FOOD LOCKERS FOR RENT JIM'S MEATS GOVERNMENT INSPECTED MEATS MONEY BACK GUARANTEE ON EVERY PURCHASE Fresh Fryers Ready 98c Each LUNCH MEATS Assorted T-BONE or ROUND STEAKS 79 Lb SIRLOIN STEAKS 69 Lb FRESH GROUND BEEF 3 u $1.00 PORK STEAKS (Lean, Tender) 430 Lb. LOCKER MEATS CUSTOM CUTTING I n ys V LULU T7 FREE TRIPS FOR T WO to tar wiiimnn ijm i ijio nullum .11111111 .uiumu mm m inm. mn...... " J. SJyJ: 1 Jr Stay o uxorious Via NORTHWEST AIRLINES 5 WEEKLY CONTESTS! ENTER EVERY WEEK! for you folks in the Northwest only ! That's right! The C and H Cane Sugar Contest Is limited to the Northwest only and there are winners every week for five weeks! That means you have more chances to win! So enter now! And enter often! Prizes Every Week! 55 Prizes in All! FIRST PRIZE every week Round trip for two to Hawaii on Northwest Orient Airlines DC6-B... plus one week at Royal Hawaiian Hotel plus $250 spending money I 5 second PRIZES every week Five 1 4" West inghouse Portable TV Sets I In handsome compact carrying cose with handle, powerful built-in antenna. Weighs only 27 lbs. brings in big, clear 14" picture I 5 third PRIZES every week a gener ous 60 pound supply of C ond H Pure Cane Gran ulated Sugar to each of J lucky winners every week for 5 weeks. 0GRD QGOtf 00 0Q8 HINTS ON HOW TO WIN! Here are some of the many rea sons North westerners use C and H Pure Cane Sugar: C ond H is the only pure cone sugar from Hawaii. When you buy C and H Pure Cane Sugar, you not onfy get Ha waii's finest cane sugar you help continue the profitable trade be tween Hawaii and our own great Pacific Northwest. For perfect results every time. CUT O experienced Northwestern home makers rely on C and H Pure Cane Sugar. Grown under ideal conditions in tropical Hawaii refined under expert control here in the U.S.A. C and H is the Northwest's fa vorite cane sugar. For cooking, baking, canning and freezing, candy-making and coffee for any and every sugar use, you'll do better with C and H Pure Cane Sugar. The dollars that you spend on C and H Pure Cone Sugar help U T A N D S A V Just complete the following statement, in 25 words or lessi "I use C and H Pure Cane Sugar because . . ." Mail your statement, on entry blank or facsimile, with the letters "C and H" from the front of any C and H Pure Cane Granulated Sugar bag, toi C and H Cane Sugar Contest, Box 813, Seattle 1 1, Washington. Go to your grocer's now ond ask for official entry blank. Enter now. and enter often! First contest closes midnight, Saturday, July 27. Each succeeding weekly contest closes midnight, the Saturday night of that week. YOUR GROCER WINS, TOO be sure to Include his ..... store name on entry blank. If you win, ne receives an identical prize! - the people of Hawaii to buy more goods here in the Northwest so everybody prospers. When you see the letters, C and H" on the package you can be sure it's pure cone sugar. Grandmother tells mother and mother tells daughter what a big difference C and H Pure Cone Jug ar makes. C ond H Pure Cane Sugar helps the Northwest grow-vby building o prosperous trade with Hawaii by purchasing refinery supplies in the Northwest. -jrrv - BE SURE WITH CandHTrieNorThwest'sPurecaneu9ar'romHawai' dinar
