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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 21, 1957)
Anniversary of Fateful Of Decision By DANIEL T. GILMORE 'United Press Correspondent London 1? The anni-ers-ary of two fateful weeks of de cision rolls around this October, 1957. j Warsaw, Budapest, Suez all ; the last two weeks of October, 1956. New forces are at work today, but with similarities. Russia threatens a "new Suez" over Syria the pretext being that she will be "forced" to step in against Turkey, just as the British and French said they were impelled to act against i Egypt. The freedom flame still smoulders in Hungary, Poland, partially free of the Russian yoke, longs for still more free dom. A significant addition is the new red star hurtling around the earth the Russian Sputnik. The roll call: Hungary Under the heel of a more ruthless Red Tyranny than ex isted before the Oct. 23 revolu tion last year. An estimated 95 per cent of the population bitter ly anti-communist, hatefully anti-Russian. Janos Kadar, the Moscow-pop-q ped Hungarian premier and par ty boss showing signs he fears gnother rising this October. He ordered that no one show !ny mark of mourning for the hundreds of thousands killed by he Russians list year. Nor any Mention of th more than 171, 'jflOO Hunrins who fled their Country or those unnumbered mothers who trird and were shot Ja th froj-itifr marshlands ad joining Austria. The church is muffled once 3ffior?. tfosef Cardinal Mindszenty, th Roman Catholic primate who made a triumphant entry into briefly liberated Budapest last Oct. 31, after his own release, is a year later still a volunteer "prisoner" in the U. S. legation in Budapest. Poland Making torturous progress to wards more freedom but under what must be almost unbearable counter-pressure from Moscow which fears a new Hungary from the strong-willed Poles. Unlike Hungary, a year shows remarkable gains by the Warsaw Gomulka regime towards free dom and dignity of its citizens. Among these gains: Josef Cardinal Wyszynski, the Roman Catholic primate of Po land, was released and returned to resume his ecclesiastical du-, ties in Warsaw for the first time: in four years. Soviet Marshal Konstantine Rokossovsky was fired as Po land defense chief and Deputy Prime Minister. General elections were held Jan. 2; which returned an over whelming victory for Gomulka's garty and program. An agreement with the Sov iet Union was signed by Gom ulka in Moscow providing that Sussian troops would remain in Poland '"for the time being" but on the understanding they ould not interfere in Poland's internal affairs. Moscow renounced the Po lish "debt" amounting some flalf billion dollars. Moscow agreed to return an estimated half million Poles im prisoned, detained or otherwise .prevented from leaving the USSR. More than 100,000 have Already returned. Tie Mideast A year after the Suez invas ion by Israeli - Anglo - French forces. Egypt's President Gamel Abdel Nasser is still number one Arab leader, he still has com plete control of the canal, still gets Soviet arms and support. But Russia now has a new des ert protege Syria, over whose territory cross Western pipe lines as vital as the Suez Canal ' Jinfc. A year ago this month, the Jlid-East was seething. Nasser had nationalized the Suez Canal in July following cancellation by the U. S. and . British of their offer to finance building the Aswan dam. Nasser, with Russian backing was emerging as self-elected leader of the Arab world of 56 million population and an oil soaked region containing 70 per cent of the world's total petrol eum reserves. He appeared out to extermin at Israel, with Moscow's bless ing. Israel forces jumped off Oct. 2t and in six days conquered ; the entire Sinai penninsula up i to the Sucx Canal. j On Nov. 5, Anglo-French fore-; es landed in Port Said in an op-1 ration that nearly started out World War III, lacerated the Anglo-American alliance and lost London and Paris the moral sup Builders Supply OTJALITT BLOCKS Bricks, Fines, Drain Tile 727 W McAndrews Ph SP 2-410" jT Buy in Europe port of 9-10ths of the world. Russia which had warned that rockets might fall on London em erged to the guileless in the Mid-East as their great protec tor. The last Anglo-French forces exacuated Suez Dec. 22 leaving a Mid-East vacuum that the Russians were happy to exploit. The "pre-Suez" atmosphere ocks linn By ELMER C. WALZER United Press Financial Editor New York Stocks declined further during the past week after two days of respite from selling. As a result of gains last Mon day and Tuesday, the week's losses were held down to mod erate amounts and the loss in value of listed issues amounted to 52,067,000.000, smaller than recent weekly declines. Three statements by leaders in government and finance worked against the market: Military Important Richard M. Nixon, vice presi dent: "... Necessity of main taining our superiority in mili tary strength must always take priority over the understandable desire to reduce our taxes." Alfred Hayes, president of the New York Federal Reserve Bank: "It would be a grea,t mis take to relax credit restraint just as we see some hope of achieving the price stability that we have all sought so ardently." John Foster Dulles, secretary of state: Warned the Kremlin that "Russia could not .remain a privileged sanctuary immune to attack by the United States," in connection with Syrian-Turkish situation. These three items prospect of no tax cuts, no credit relief, and war talk caught the market off guard in a recovery phase and sent prices down again. Otherwise the news was not unfavorable. Industrial output held on an even keel except auto output which spurted as new models began to roll. Several companies, notably General Elec tric, reported higher earnings for the first nine months. Sev eral raised dividends and Sep tember's tota4 dividend payments continued to show gains. The market had turned around a week ago Friday when the in dustrial average approached the Eisenhower "heart attack market low. It met support there again this Friday although there was no substantiaal rally from the low point. Trading was active but under the previous week which set a new high since' Sept. 30, 1955. Sales this week averaged 2,631, 526 shares daily, against an aver age of 3,115,142 shares a week ago. The Dow Jones industrial average closed the week at 433. 83, off 7.33, and a new low since June 6, 1955; railroad 113.93, off 2.54, and a new low since Sept. 1, 1954; utility 64.55, off 0.45, and a new low since May 28, 1956; and the 65 stocks in the three averages 148.28, off 2.39, and a new low since March 14, 1955. True lo Form Wall Street experts said the market behaved true to form in view of the news' developments. None had anticipated a prolong ed recovery from last week's lows. Not a few still look for a decline to the 400 level. Further selling to establish tax losses is foreseen. Also it is noted that many are waiting for rallies to lighten accounts. However, the decline, if one comes, isn't expected to go along at the fast pace of recent weeks. The week's selling brought out 1,396 issues of which 89 showed declines, 336 gained and 171 held unchanged. A total of 494 stocks set new lows and only five made new highs. Aircraft shares, most of them Pussey Footing around for a Loan? Borrow the AMERICAN WAY LOANS $25 to $1,500 Auto Salary Furniture American Finance Corp. Phone SPring 2-8886 123 W. Main Medford Weeks Arrives again hangs over the Mid-East today exactly a year later but with the principals changed. This time, instead of Anglo French forces threatening inva sion of Egypt, Moscow is charg ing that Turkey with U. S. back ing plans to invade Syria and that the USSR "will not stand idly by." in the business of producing mis siles or missile parts, outper formed the rest of the list. Doug las gained 7s points. Bendix 2Vi and United Aircraft I3 4. Du Pont suffered the widest loss among the leaders 7 points. Lukens Steel fell 83s. Copper shares softened on lower prices for copper metal. Kennecott was down 6 points on the week. Chrysler gave up 44 points in the motors. Gulf lost 3 points in the oils. The high-priced issues went through wide gyrations. Alegah ny Corp. Preferred appeared for the first time this year at 190, off 51V2 points. Superior Oil of California lost 35, Rohn Va Haas 2OV2 and St. Louis-Southwestern 10. North American Aviation, with turnover of 284,300 shares, fea tured the market in turnover and gained l5a points. Pictures Reveal Rocket Which Powered Sputnik South Pasadena, Calif. (IP) The final stage 'of the rocket which launched Russia's man- made satellite is orbiting around the earth at a distance of about 307 miles, with Sputnik itself at least 100 miles higher, it was reported Saturday. Samuel Whidden said this indicated in a study of pictures taken of the rocket when it pas sed over the area Thursday. New! than Show Prop Last Week HIGHER OCTANE! Medford United Press Full Leased Wire 2nd SECTION MEDFORD, Sputnik Causes Sputtering As Toy World By VIVIAN SANDE ' United Press Correspondent New York a? The toy world is sputtering while Sput nik beeps. Seems that, like American space scientists, the toy indust ry was caught off guard by the Russian satellite's unexpected trip into outer space. Toy mak ers were offering a few satel lite toys for small space enthu siasts more launchers than satel lites and waiting for the Ameri can satellite launching to give the toy space world its big, push. Ever since the Russian moon let took to its orbit around the earth on Friday, Oct. 4, toy land has been so bombarded with orders for satellite toys, or any reasonable facsimile thereof, it is rocked to its very foundations. "Sales have jumped one-thousand per cent," said John Feif fer of Macy's. Gimbels confirmed the trend, as did other toy shops around town. Sales Zoom Ideal Toys, manufacturers of three satellite toys, joyfully re ported a jump of 500 to 600 per cent in orders for its satel lite launcher, its skysweeper truck, and its ICBM intercon tinental ballistics missile launch er. "We're going crazy trying to keep up with the orders," said Mel Helitzer, for the company. "Our factories can't keep pace." One company admitted it hast ily recolored and renamed what was known last year as an atomic-type truck to a space-type truck launcher to conform to the demand. This sort of thing, a spokesman insisted, is not un known in the toy industry when quick conversion can cash in on a new trend. Arnold Bolka, president of the trade research organization in A cleaner-burning gasoline any other premium in the West! OREGON, MONDAY, OCTOBER 21, 1957 Pages 1 to 6 Drops Behind New York, which specializes in studying trends in styles and sales in toys, said there's been nothing like this in the industry since the Davy Crockett boom. "But this is much more revo lutionary," he added: "The Davy Crockett boom lasted less than a year, and now there's nothing deader. "We predict this earth-satellite boom will last right through Christmas and next year. It will grow and change as the scientific world grows and changes in the field of intercon tinental wonders ... maybe even ahead of them." Bolka said there are quite a few new satellites, or allied toys in this year's crop, bring ing the total to a baker's dozen or so, including board games, balloons, costumes, trackers, launchers and trains and trucks. He predicts the number will be noticeably increased very soon. "I bet the designers are wor king over-their drawing boards right now," he said. . But those new toys, said the expert, won't be ready for the market until next year. As far as anyone knows, no satellite toy actually has been named "Sputnik." "Earth satellite," said one in dustry observer, "is just as good . . . and much less controvers ial." San Francisco (W The U. S. seaplane tender Oyster Bay will be the latest addition to the Ital ian navy . Wednesday following ceremonies at Treasure Island. Officiating at the ceremonies will be Rear Admiral George L. Russell, commandant of the 12th naval district, and Signor Egi dio Ortona, minister to the Ital ian embassy in Washington, D.C. Use M-T Classified Ads- Many modern gasolines are not clean burning. They leave deposits, cause fouled carburetors and spark plugs, sticky rings, burnt valves. Your engine loses its quick responsiveness too soon. New "Flying A" Ethyl burns clean, because it has been de-sulfurized by the new Avon Process. Because it burns cleaner, new "Hying A" Ethyl can be guaranteed to give your car more power for more thousands of miles than any other premium gasoline sold in the West GUARANTEES We have tested new "Flying A" Ethyl against all other leading premium gasolines sold in the West, under comparable conditions in actual late-model automobile engines, for a total running time equivalent to 295$59 miles of driving, and guarantee that new "Flying A" Ethyl has proved to be consistently the cleaHest-burning brand. TIDEWATER OIL COMPANY Tribune United Press Full Leased Wre NOBEL WINNER An nouncement from Stock holm, Sweden names French author Albert Camus (above) the winner of the 1957 No bel Prize for Literature. The 43-year-old author is the second youngest writer in history to win the high hon or. Britain's Rudyard Kip ling was younger when he won it. 210 Elm guaranteed io 'f West Germany Breaks Bonn, Germany (IP) West Germany with "deep and real disappointment" Saturday broke off formal diplomatic relations with Communist Yugoslavia for becoming the first independent nation to recognize East Ger many. West -German Foreign Minis ter Heinrich Von Brentano call ed Yugoslav Ambassador Dusan Kveder to the foreign office to hand him the official note break ing relations between the two nations. Kveder, in a strongly-worded GOOD NEWS! For those of you who were unable to attend last Spring WE ARE ORGANIZING ANOTHER DALE CARNEGIE CLASS IN EFFECTIVE SPEAKING HUMAN RELATIONS WEDNESDAY, OCTOBER 23, 7 p.m. Jackson Hotel - Medford, Oregon NORTHWESTERN SCHOOL OF COMMERCE 709 S.W. Salmon (at Broadway) Portland 5, Oregon ALL YOUNG FATHERS should know about the maximum protection at low cost provided by our Family Income Benefit. Ask the Man from Manufacturers for details. District Representative: C. "CHUCK" COX St., Medfrod, Oregon - Tel. SP 2-S420 give vour car With Yugoslavia declaration he' read to Brentano, described the West German ac tion an "unjust step." Kveder said Yugoslav recog nition of Communist East Ger many, cause of the break, was not an "unfriendly gesture" to ward West Germany but a "sov ereign decision by a sovereign country in connection with a third sovereign country." Of the 48 states in the Union, 25 have names derived from In dian words or a combination of Indian w-ords. 1 SELF CONFIDENCE SALESMANSHIP 28-57
