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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 25, 1957)
Wall Street Waiting For Post Labor-Day To Look at Business By ELMER WALZER United Preis Financial Edilor New York w Wall Street awaits the post-Labor Day period to take another long, careful look at the business picture. And, having gotten that into f o c u s, the plotting of the it-ock mark et's future will be the next step Some how to the finan cial district Labor Day marks off Elmar W mixer summer and autumn for the market. Vaca tions are over for the most part at tnat time and industry is getting into its autumn groove. A trading range bounded by 475, not seen since April 1, and 490, touched last on Aug. 13, would be logical until after the seasonal post-Labor Day Jit ters have passed, according to R. E. Buchsbaum, analyst for W. E. Hutton and company. If business does not live up to fairly good seasonal upturn. he continues, then we could see a further decline in late Sep tember or early October and a testing of the stronger support area of 450-60 In the Dow-Jones industrials. The bond market continues to compete with the stock market In a big way, and market men point out, since bonds out-yield stocks by a fair sized margin. Two Forces Operating Distributors group mutual fund notes this bond competi tion as one of two forces oper ating against the market today. The other one, it lists as the rolling readjustment through which the economy has been go ing with different companies and whole industries moving quite differently at different times. John S. Stine of Walston and company lists some supporting factors that will keep business at a high level as government spending continuing to rise; plant and equipment- expendi- CLOSE OUT ON LAWN FURNITURE AND LAWN MOWERS at MOORE Outdoor Supply Prices slashed lo cosl and below cost on some Hems. ALUMINUM LAWN FURNITURE Yard Umbrellas Chaise Lounges Folding Chairs Umbrella Tables REDWOOD LAWN FURNITURE Chaise Lounges Picnic Table Sets Setlees 40 OFF ON ALL LAWN MOWERS ONLY 4 LEFT SALE ENDS AUGUST 31 ' . Open Evenings 7:30 and Sundays S MOORE , OUTDOOR SUPPLY 816 S. RIVERSIDE tures will remain high; depart ment store sales at record levels, and personal income at a peak despite shorter hours and elemi- nation of overtime. Kenneth Ward, partner of writing in says there appears to be no indication of a further immediate business recession nor anything to suggest a severe decline in earnings and divi dends. Ward finds no evidence from a technical standpoint that real ly important aver-all distribu tion has taken place in the gen eral market. Wall Street experts- continue to warn against new buying without careful investigation of each individual situation. Also none of them feels that there should be promiscuous Selling of long-term holdings. District Ranger Receives Transfer To Alaska Post Brittain H. Ash, Butte Falls District Ranger for the past three years, is being promoted and transferred to Ketchikan, Alaska as staff officer on the South Tongass National Forest, effective August 25, according to an announcement by Carroll E. Brown, supervisor, Rogue River National Forest. Ash, who grew up in Oak ridge, Oregon, started his career with the Forest Service in 1932 on the -Willamette National For est. He worked as a forest guard, protective assistant, and foreman until early 1941 when he received his formal appoint ment as a Junior Forester on the Mt. Hood National Forest. Dur ing the fire seasons of 1941 and 1942 he seved as fire control In spector in the Division of State and Private Forestry in the Re gional Office of the Forest Serv ice in Portland. He subsequently served as timber management assistant and assistant ranger on the Snoqualmie National Forest for 2 years, as district ranger, Agness District, Siskiyou Na tional Forest for one year, and as district ranger, McKenzie Bridge District, Willamette Na tional Forest for 9 years, before coming to Butte Falls in Decem ber 1954. Ash will be in charge of tim ber sale work on the South Ton gass National 1 Forest, ' Brown said. A large pulp mill has re cently been constructed near Ketchikan and logging on na tional forest timber has been going on for several years. Mrs. Ash plans to continue her present assignment as Dean of Women at Crater High school. Central Point, and she and their son Terry will join Ash in Alaska next spring. Ash and their son Donny will leave Butte Falls next week. CENTRAL POINT Miss Obenchain Returns By DORIS HUGHES ' Central Point Miss Linda Obenchain, daughter of Mr. and Mrs. Oliver Obenchain, returned to Central Point Sunday after representing Oregon in an all expense paid tour as winner from Oregon of the Junior Dan forth Home Economics Summer Fellowship award. This trip is sponsored by the American Youth Foundation and the Ralston Purena company. The group of winners, consisting of one girl from each state, one from Hawaii, one from Canada and one from Puerto Rico, met first in St. Louis, Mo., where they toured the city. From St. Louis, they went to Chicago, then to 'Milwaukee, where they took the Clipper Boat to Muskegon, Mich. After two weeks training at the American Youth Foundation camp, Miss Obenchain came home by way of Canada, stop ping at Banff and other points of interest. Five Crater High Students re turned home Friday after spend ing five days at the University of Oregon. Joe Teeter, of Gold Hill, student body president, nd Judi Davis of Central Point, secretary of the student body, were selected to attend te coun cil workshop classes. Editors Sandra Guss, Patricia Higinbotham and Linda Warren attended the journialism work shop classes. Mr. and Mrs. Elbert Lewis are parents of an eight pound baby girl, born Aug. 16. She has been named Tamera Gwen. Tamera has a brother, Danny, at home. Mr. and Mrs. Ca--1 vonBuskirk and Mr. and Mrs. Olaf Ohrman, both of Central Point, are grand parents of the girl. George Hunt and David Brown, both students of Crater High school, left Wednesday for a weeks vacation at Newport, Seaside and Portland. Mr. and Mrs. Oliver Oben chain went to Portland Wednes day. At union station, they met Miss Linda Obenchain who has returned from her eastern trip. Miss Obenchain and her mother and father went to Aloha where they visited Mrs. Obenchain's parents, Mr. and Mrs. Bert Hedgepath. Mrs. Obenchain's brother and family, Mr. and Mrs. Harry Hedgepath, and daughter, Jane, of Weed,, Calif., were also visiting in Aloha. Mrs. Gladys Porter of Globe, Ariz., left Wednesday after a week's visit at the home of her son and family, Mr. and Mrs. Marvin Wright. Music Program Set At Central Point Central Point A full music program for school district 6C has been announced by Superin tendent H. P. Jeweti. Harry Meyers will direct the 100-member junior high school band, and the beginners group of the same strength. The band has been top-rated in competi tion through the past years. The junior high school chorus will meet regularly and perform publicly several times during the school year. Crater High School uniformed marching band, under the direc tion of Norman Carothers, will perform at football and basket ball games, and pep assemblies. In addition to ihe band, Caroth ers directs a mixed chorus, a girls' glee club, and a small spe ialty group. The band and vocal organizations present at least two programs yearly. Charles Cook will direct Gold Hill high school band and vocal music activities. Highlight of the year will be the Christmas pro gram, featuring groups from each grade level. BEAUTY AND THE BEAST Palisades Park, N.J. (IB Not to be outdone by Miss America and Miss Universe, Palisades Amusement Park officials Mon day will hold "the world's first beauty contest for elephants." Mr. and Mrs. Everett Young and family arrived home Sun day afternoon from a week's va cation at Yellowstone park. They came back through eastern Oregon to Eugene. At Cottage Grove, they visited Mr. and Mrs. William Whitlock. Mrs. Dale Burns, Sandra and David, of Redduig, Calif., visited friends in this area recently. The Burns are former residents. Mr. and Mrs. Harry Hedge-path- and daughter, Jane, of Weed, Calif., were guests four days last week at the home of Mr. and Mrs. Oliver Obenchain. Guests last week end at the Jack Bezoff home were Mr. and Mrs. L. Shockey of Klamath Falls. Mrv and Mrs. E. M. Bishop re turned recently from a two months vacation in Chicago, 111. C. M. Bishop arrived Friday from Modesto to visit at the home of his son, the E. M Bishops. Mr. and Mrs. Royal Green man spent last Sunday picnick on the Applegate. Mrs. L. C. Johnson, Larry and Elaine Johnson and Mrs. Lillie Johnson visited in Rogue River Wednesday at the home of Mrs. Dwight Horton and Mrs. Clara Cardin. a guttata iat uic . ' j-i. Curtis home on Willow Trees court were Curtis' son and daughter-in-law, Mr. and Mrs. David Curtis and Stephen San Diego. Recent guests of Mr. and Mrs, John Blackford s home were Mr. and Mrs. Bob Kennedy of Cathedral City, Calif. The Ken nedys who own an auto court there travel during the hot months of the year, having their busy season during the mild winters at Cathedral City. Mrs. Kennedy is a former southern Oregon resident. Last weekend AL and Mrs. John Blackford attended the Jola County fair at Woodland, Calif. After attending the rodeo and the fair, the Blackford's visited their son and daughter-in-law, Mr. and Mrs. Don Mor gan. From there, they went on to Esparto, Calif., where they visited the Jack Farnham family. Mr. and Mrs. Oscar Minnick spent Sunday boating and pc nicking at Willow lake. Sav At Rivtrsid & S. Central CHECK FORD TICKETS . . NOW! NUMBERS POSTED AUG. 21 FOR 7 DAYS Printed Winning Number Lists Avaiable JUICE DECANTER Reg. value 89c Only 39 & 10. Stamps Mr. and Mrs. William D. Lang ston and sons, David and Mi chael of Central Point and Mr. and Mrs. Russel Peebles and son, Jim, of Grants Pass spent last week end camping at Dia mond lake. Mr. and Mrs. Kenneth Wil liams and three daughters of Whittier, Calif., are here visit ing their parents, Mr. and Mrs. R. B. Langston, and Mrs. Bessie Williams. They are also visiting other relatives and friends in the Central Point area. They are former residents. of the Grants Pass Firm Buys Forest Lands Southern Oregon Timbers Grants Pass has purchased Hanley Gulch timber sale on the Applegate district of the Rogue River National Forest. The sale was advertised May 10 but there were no bidders at that time. The sale had 5,300,000 board feet, mostly Douglas fir, and was purchased at the advertised prices; Douglas fir $12.25 per thousand; pine, $17.00 per thous and; and white fir and others, $6.30 per thousand. The purchaser plans to start logging immediately, with Wes ley Ober doing the logging. Many of the Mescalero Apache Indians, who occupl a reserva tion between the resort towns of Cloudcroft and Ruidoso, in southern New Mexico, are de scendants of Geronimo's war rior band, the last Indian group to lay down arms against the United States. Jewell Announces Central Point Personnel Changes Central Point Several fall term personnel changes have been announced for district 6C by H. P. Jewett, superintendent. Assisting in the Sam's Valley music prog'ram will be John Dean, who will also teach fifth and sixth' grades. Gold Hill schools will receive seven new teachers. Miss Marie Johnson and Mrs. Cora MacDon ald are to teach the third grade; Mrs. Barbara Charles and Mrs. Vera Steele, fourth grade; Rus sell Carr, eighth grade and coaching; Claude Morgan, sixth grade, and assistant physical education coordinator; and Mrs. Shirley Anderson, seventh and eighth grade language arts, homemaking and library courses. Junior High New Central Point junior high school teachers will be Keith Johnson, physical educa tion and athletics; Robert Mur phy, industrial arts and crafts; nd Mrs. Flossie Bailey, social studies. In the interdemiate grades, new teachers include Mrs. Mil dred DeWitt and Mrs. Artha Metz, third grade; Mrs. Margue rita Black and Mrs. Gloria John son, fourth grade; and Ralph Humphrey, who will have charge of vocal music on the in termediate and junior high lev els. Mrs. Willette McLarrin will be transferred to the fifth grade, while Donald McLarrin will teach the sixth grade. At Crater high school, Charles LeFebre will have charge of the library. New teachers' at the high school will be Miss Nancy Purviance, girls' physical edu cation; Robert Bayley, mathe matics; James Backen, English and dramatics; Don VanDolah, social studies and Junior varsity basketball coach; and Donald Miller, mathematics, social stu dies, and freshman basketball coach. Sunday, August 25, 1957 MEDFORD (OREGON) MAIL TRIBUNE FIVE Huckleberries Ripe In Union Creek Area This is "just about the right time" for huckleberry picking in the county, according to the forest service office in Med fard. There is reported to be an average crop on Huckleberry Mountain. No crop at all is re ported at Butte Falls. Pickers can get to Huckle berry Mountain by traveling north ,on Highway 62 (Crater Lake highway) and turning right on the marked road a short dis tance before Union Creek rang er station. BONE OF CONTENTION Hackensack, N.J. (IP) Super ior Judge Wallace Leyden show ed Saturday that the long arm of the law can operate even when it gets broken in six places. The judge suffered a broken arm in a fall from a ladder Wednesday, but said today he would preside when court opens Sept. 4. Read and Use Classified Ada The Low Cost Way To Sell Items You No Longer Need PUT YOUR IDLE MONEY TO WORK 1 SAVINGS AND INVESTMENT ACCOUNTS PAY YOU LIBERAL DIVIDENDS WHILE YOUR ACCOUNT IS IN SURED SAFE TO $10,000.00 BY THE FEDERAL1 SAVINGS AND LOAN INSURANCE CORPORATION. PUT YOUR IDLE MONEY ACCOUNT NOW. TO WORK. OPEN AN Investments made by the 10th of the month earn dividends as of the first Current Divi dend 3'2 Per Annum Convenient Street Parking FIRST FEDERAL Savings & Loan Assn. of Medford 29 North Ivy R. F. Kyle, President I it WIEIEIKS & dDMIHi SOUTHERN OREGON'S OLDEST AND LARGEST FURNITURE STORE y u u ES $ 0(0)95 O MAHOGANY LIGHT AND DARK O MAPLE O WALNUT O CHERRY J f (flfl nun? m 9 MONDAY ONLY! EASY TERMS O YOUR CREDIT IS GOOD O 1(0 CARRYING CHARGES OR INTEREST Phone SP 2-5458
