'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.
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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
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in vodkas and it's
a difference
worth knowing.
Driest of the dry
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(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