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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 6, 1957)
'Vt " '14 LIVING IN ARIZONA, socialite Mrs. Mary Hosford, mother of four children is reported in line to be new Mrs. Cornelius Vanderbilt Whitney, if and when he divorces Mrs. Whitney. From left: M'lou, 8; Hobby, 6; Heather, 2, and Hank, 5. Mrs. Hosford is described as striking blonde. (International) Not Much Reason Seen By Stock Analysts For Market Increase m in i mui By ELMER C. WALZER United Presi Financial Editor New York (IP) What" the stock market going to do? That's a futile question, say the stock market experts. You """ mieht h 10(1 per cent right on g u e ssing the market trend and 100 per cent wrong -in the stocks you buy. Just now the analysts Elsiar W auer don't see much reason why the market should go up" much. And they are equally convinced it shouldn't go down much. There is some nervousness around but it isn't being trans lated into stock market activity, the experts note. Some are worried over the up coming investigations on prices which not a few think is nothing more than a witch hunt. Holdings Lightened Here and there big stockhold ers are reported lightening hold ings through the use of second ary offerings of stock. Edmund W. Tabell, analyst for Walston & Co, finds it diffi cult to figure this market much lower than 501 in the Dow-Jones industrial average. His technical indicator hasn't given a sell signal although, he adds, a sell signal is possible over the next week or so. "If it did occur," he says, "it would, in my opinion, be of the whip-sawing variety." Tabell believes the market is in a buying zone on further dips, and adds that some issues look oversolS. The trick from here out, he finds, is to make the right selections. . Nothing Dynamic International Statistics Bu reau's indicator has given a sell signal. That organization finds nothing dynamic to put the mar ket up at this time, and believes the summer rally may have been seen. While some of the big stock holders may be selling a few of their holdings this selling urge hasn't touched the general pub lic as yet, Wall Street sources report. L. O. Hooper, analyst for W. E. Hutton & Co., finds the pub lic still asking for suggestions of things to buy. He find brokers complaining from a lack of new ideas to stim ulate interest in the market. "Seasonally," he concludes, "this is hardly a good time to take the pulse of trade; the vaca tion season is at its peak." 52nd Year M EDFORD United Pre&i Full Leased Wire Price 10c Tribune United Press Full Leased Wire 2nd SECTION MEDFORD, OREGON, TUESDAY, AUGUST 6, 1957 Pages 1 to 6 Few Scars of Guadalcanal Battle Remain 15 Years After Pacific War Editor's note: Robert C. Miller cov ered the invasion of Guadalcanal for L'nited Press in August. 1942. He visited the island again recenUy. 3y ROBERT C. MILLER United Press Correspondent Guadalcanal, British Solomon Islands IW Fifteen years ago this dawn the battle for Guad alcanal began with a thunder of naval gunfire, the scream of divebombers and the pounding hearts of 15,000 Marines going into their first and for many their last battle. . Ashore there was the agony of the wounded and the moans of the dying as the explosives drenched the groves of tall, slender coco-palms and tore holes into men and metal with soulless indifference. Fires with their shrouds of greasy smoke rose higher and higher into the sticky tropical air as the bombs and shells "softened" the beachhead. Inland, hundreds of men, yel low of skin and small in size, fled the hell that suddenly came out of the sky, leaving half eaten food and their dead staring at the rising sun with a look of amazed horror still on their faces. . But 15 years and the world's appetite for scrap metal have erased most of the props and settings. Always Has Been Dawn breaks with the same vividly stained skies, cloud pockets pad the valleys and the damp smell of the jungle is ju&t as it has always been in these tropical wonderlands. But now there is only the whine of a sawmill at Tenaru Beach to trespass on the early morning silence. Fifteen years ago the place was a boiler fac tory. Noisy landing craft and amphibious tractors spewed men . and supplies in the churned sands. Bulldozers flak ed down the beach with roaring diesels, forming roads and clear ing bush. Offshore lies Savo Island, vol canic, grim and surrounded by waters now charted as "Iron Bottom Sound.". It was in these waters that the terrible night actions were fought with their ghostly flares, crashes of gun fire, probing searchlights and burning ships. Transports Still There As you fly down the "slot" Cabaret Tax Cut Approved by House Washington (in The House Monday passed by over whelming voice vote, a bill to reduce the federal tax on night clubbing. The measure now goes to the Senate, which is not ex pected to complete action this year. The bill would reduce to 10 per cent the present 20 per cent cabaret tax on food and drink consumed in hotel dining rooms and other night spots providing entertainment or live music. The measure was approved over protests of a handful of members that other taxes ougnt to be reduced before giving tax relief to persons attending cabarets. MARKSMAN SCORES London (W Vladimir Sa- punov, a Soviet marksman, set a world record when he scored 389 points out of a possible 400 in the 50-meter small-bore rifle standing shooting event, it was the same ! reported by Radio Peiping. Use Tribune Want Ads Easy-Just Dial SP 2-6141 Your car making mountains out of molehills ? Switch to Shell Premium with TCP and restore lost power while you drive! 3 5 mi ficfor 7CPQ Muffler Microphone re cording of an engine run on competitive premium fuel shows misfiring and power loss. Muffler Microphone Tests show why Hare's scientific proof that Shell Premium with TCP reitores loit engine power, h neutralize! deijpsiti which can cause even new engine! to lose power in 3002 miles, o After TCP After 3 tmnkfiils of ShtU Premium with TCP, re cording how misfiring stopped, power restored. Only Shell Premium Gasoline has both TCP and TOP OCTANE! SMl't Trademark for ihh unfqu aohnt additjT developed by Shell Reaevch. She PREMIUM from Rabaul, safe and comfort able in the weekly Qantas flight, the plane passes Cape Esperance, Japan's toehold before retreat; and further along lie the blind and lifeless hulks of Vice Ad miral Kaizo Tanaka's four beach ed transports. They lie where he ordered them deliberately grounded so their thousands of troops could be landed in sup port of the besieged and starv ing garrison. On Guadalcanal today there is the unruffled ' life of the tro pics where Englishmen play at cricket . and mission children sing hymns. The talk is over iced drinks and concerns the price of copra while women scold thier children and com plain of the "servant problem." Soon the last of the rusting hulls will dissolve under the cutting torch or crumbled flakes of rust, the old tower at Hend erson Field will come down and the foxholes fill as the jungle reclaims its own. . Sherry Fong's Counsel Withdraws From Trial Portland (in Irvin Good man, Portland attorney, Monday withdrew as counsel for Sherry Fong, who faces a fourth trial for the 1954 slaying of Diane Hank, 16. Goodman' said he wanted to reaffirm his belief in Mrs. Fong's innocence and that "my withdrawal is based solely upon her husband's desire that his counsel represent Sherry in her forthcoming trial. City Police Clear Majority of Cases Medford police cleared 83 per cent of the total offenses report ed to the department during July, according to the monthly report released yesterday. Thirty-six per cent of the 104 major offenses were cleared, and 91 per cent of the miscel laneous offenses. A total of 736 cases were investigated by offi cers. Major offenses reported dur ing last month included 67 bur glaries involving amounts less than $50, 16 of which were cleared; 14 burglaries of $50 or more, 4 cleared; 8 auto thefts, 5 cleared; 13 burglaries, 10 closed, and two aggravated assault, 2 cleared. Miscellaneous offenses includ ed 340 traffic and motor vehicle violations, 339 cleared; 102 road and driving, 100 cleared; 44 drunkenness, all cleared; 10 em bezzlement and fraud, all clear ed; 1 forgery and counterfeiting, cleared; 7 other assaults, 5 clear ed; 5 driving while intoxicated, all cleared; five liquor laws, all cleared. , Nine of the 11 sex offenses reported were cleared. The re maining offenses involved minor complaints, police said. The report listed 99 miscella neous public reports and a total of 855 miscellaneous services rendered. Salem (IPi Dedication .of the new boys' dormitory at Oregon state school for the deaf here has been set for 2:30 p.m. Aug. 18 by the Board of. Control. Lower Down Payments For Homes Approved - Washington OH The ad ministration Monday lowered the down payments and raised interest rates on government backed home loans to stimulate the lagging housing program. The package changes author ized by a recent law were de signed to make home loans more attractive both to buyers and lenders. The Federal Housing adminis tration said that interest on the government-backed FHA loans can be raised to 5',A per cent. The old rate was 5 per. cent. Salem Of) A plaque symbolic of Oregon's first place award in the 1956 American Automobile Association pedestrian contest will be accepted Tuesday by Gov. Robert D. Holmes. The FHA also used its auth ority to lower down payments to the limit. A $10,000 housa that formerly required $700 down now will require only $300, for example. Georgia-Pacific Tells Of Record Profits New York (IP) Georgia Paci fic Crp-. plywood producers, Monday reported record profits for the first half of the year. President Owen R. Cheatham reported to stockholders that earnings rose to $4,242,733 or $1.30 a common share from $3, 568,540 or $1.41 a share in the comparable 1S56 period oh a smaller number of shares outstanding. The VODKA of VODKAS There's a difference in vodkas and it's a difference worth knowing. Driest of the dry 0mirnoff THE GREATEST NAME IN VODKA SO PROOF. DISTILLED FROM GRAIN STE. PIERRE SMIRNOFF Fit. (DIVISION OF HEUBLEIN). HARTFORD. CONN. U. S. A. FRANCE. ENGLAND. MEXICO TALK ABOUT lllfPIMll!. Fords cost less to buy! No doubt about it! Model for model, right across the board, Ford cars are the lowest priced of the low-price three. And don't be fooled by those "low prices" How being quoted for some "stripped down" models in the medium-price field. Remember, a. '57 Ford equipped the way most people want a car today with automatic transmission, heater and radio costs hundreds of dollars less than these medium-priced cars, similarly equipped. Any way you look at it, Fords cost less to buy. ; V 'Bated on amparim M manxfaciuMrt tuseattd ntetl dtlitrntd priem Fords cost less to run! In the only nationally recognized test of gasoline economy, the 1957 Mobilgas Economy Run, a Ford Six delivered more miles per gallon than an y other car entered! This, remember, was no "privafe test" conducted for the benefit of a single manufacturer. . This was grueling competition between 12 different makes of cars, 24 cars in all . . . supervised every mile of the way by officials of the United States Auto Club. And when the rugged 1568-mile test was over, Ford led all other cars regardless of size, weight or price in the thing you want most actual miles per gallon! -7v Jfe ( o -f fggr - Fords cost less to trade! Latest official auction sale figures on used cars show clearly that the new kind of Ford commands a higher price than either of its two low:priced competitors. The. men who bid at these auctions are professional buyers men whose very livelihood depends upon their expert knowledge of cars. They pay more for used Fords because they know that Fords hold up in value. Like thousands of Ford owners from coast to coast, they have discovered-that Ford is worth more when you buy it . . . worth more when you sell it, too ! the Sooner you trade the more you $aue CRATER LAKE MOTORS MAIN AND FIR STREETS PHONE SP 3-4547
