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