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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 14, 1957)
O O 0 o GOOD rCOD Orono, Me. IP The Uni versity of Maine has won the football title once in the 110 year history of the Yankee Con ference. But the school has com piled the best won-lost record 22 wins, 111 losses and four ties. New HampshWe is second. llfP Hope Held To Keep Debt From Increasing Washington TO The admin istration still hopes to avoid raising the national debt ceiling i while paying the mounting costs of the arms race with Russia, of ficials said Wednesday. ' They added, however, that the picture could change by the time Congress reconvenes in January. But a Treasury spokesman flatly denied reports that Secre tary Robert B. Anderson is pres ently sounding out congressional leaders on raising the S275 bil lion debt ceiling to cover ex penses of the souped-up space and missile race with Russia. Wall Street Wonders About Reinvestment Of Year-End Dividend BEST for any FRUIT CAKE recipe! L wj Rady-fo us FRUIT MIX for dtlicious fruit cakes LYONS By ELMER C. WALZER United Press Financial Editor New York TO In the rosier days of business and mar kets this time of year was given over to the talk of divi dends - regu lar and extra bonuses, and rei nvestment demand. Today there still is divi dend talk but no bonus talk. Elmer Waizer And Wall Street is wondering hopefully about reinvestment of year-end dividend and interest payments which in other years have lifted the market in December. The dividend news has made pleasant reading thus far des pite gloom talk going on for some time. Trading in stocks has been large overall and the year may equal 1956, according to current calculations. If that is the case there may be bonuses despite the Wall Streei murk .of gloom. The Stock Exchange reported that its listed companies paid a record total of more than $6 billion in dividends in the first nine months of 1957. And 45 per cent of the dividend payers raised their payout. Sharp Rise in Yields High dividends plus declining stock prices made for a sharp rise in yields of common stocks. At the end of October, the monthly compilation of H. Hentz & Co. showed that about half of the stocks were yielding above 5 per cent. There were 163 issues paying dividends to yield 8 per cent or more, 296 yielding 6 per cent to 8 per cent, and 247 yielding 5 to 6 per cent. The yields ranged over a wide area from 25.57 per cent for Ver-tientes-Camaguey Sugar to a mere 0.42 per cent for Haveg In dustries. What traders fear when yields go up sharply is that the com panies may not be able to main tain dividend payments at their current rates. There have been some reductions and omissions but nowhere near as many as had been predicted. Careful Selections As in all stock purchasing, the market men point out, careful selections must be made in the dividend paying stocks to get the ones likely to maintain pay ments at high rates, ensuing the yields at present prices. According o the Fitch Sur vey, income 'liberality is expect ed to become an increasingly im portant element in investment appraisals. That firm notes that dividend payments are holding up amaz ingly well under the strength of earnings levels which continue favorably sustained. Under a heading, "New Look in Dividend Income," Fitch lists many stocks yielding up to near ly 10 per cent-stocks seen "as possessing the double-barreled potential of generous income and opportunity for capital gain." McLEOD Carltons in California By CAROLINE L. HARDING McLeod Mr. and Mrs. Herb Carlton are vacationing with friends in Fresno and San Jose, Calif. A flue fire in the home .of Mrs. Hattie Salters Saturday evening, Nov. 2, was extinguish ed by the Prospect fire depart ment. Little damage was done. MEM 1X1 ANTS Invite YOU To Attend the . . . Mr. and Mrs. O. E. Stone are living in Medford for the winter while Stone is working there. Mrs. Nora Bradshaw of Lake Creek is the house guest of her sister, Hazel Ulrich. Mrs. Irvin Howe is In the Stanford hospital in San Francisco. SiMTlIJIMIMY NOVEMBER m ON MEDFORD STREETS STARTS AT 1:30 P.M. Sponsored by the Junior Chamber of Commerce . SCORES OF FLOATS MARCHING UNITS o $320 CASH PRIZES FOR WINNERS! SANTA CLAUS IN PERSON! MEDFORD MAIL TRIBUNE Miss Jacqueline Hume was an overnight guest of Miss Sandy Cheek in Eagle Point recently, while Miss Josephine Hume spent the week end at the home of Miss Martha Anstead in Eagle Point. Mixed Ensemble Is Available at SOC Ashland A mixed ensemble has been formed at Southern Oregon college under the direc tion of Louis Clayson, instructor in music, which will be avail able for civic and school func tions. Their program includes modern and semi-classical num bers with choreography high lights, according to Clayson. Members of the group are Ruth Hunter, Pat Leek, Jim Kempster, Bob Semon, Betty Berg, Ken Van Ausdall, May nard Hadley, Medford; Lorna Vance, Roseburg; Dave Heller, Doug Barker, Gaynor Huck, Klamath Falls; Evie Deets, Yreka; Pat Turrittin, Eugene; and Arlieta Knowles, Grants Pass. Accompanist is Judy Hall of Jacksonville.. Clayson announced that two smaller groups function within the larger ensemble, composing a men's quartet and a girl's en semble. Bob Semon, Maynard Hadley, Jim Kempster and Dave Deller make up the quartet while the girl's ensemble in cludes Pat Turrittin, . Arlieta Knowles, Judy Hall, Betty Berg, Pat Leek, Ruth Hunter, and Evie Deets. Lorna Vance ac companies the ensemble. Since each is such a selective group they will be able to per form as a large ensemble or as an individual group, Clayson said. He stressed that several days notice be given when a performance invitation is extended. No Danger of Strike At Missile Center Washington W A federal mediator said today there is no immediate danger of a threaten ed strike at the Cape Canaveral, Fla., missile center will prevent the government from launching i a test satellite next month. The mediator, who preferred ! to remain anonymous, told a re porter the Railway Labor Act forbids a strike while the Na tional Mediation Board is handl- j ing a labor dispute.' j He said the board intends to j retain jurisdiction in hopes of j settling the controversy between ; Pan American Airways and the i Brotherhood of Railway Clerks. Court Records MUNICIPAL, COCRT David Donald Brabbin, violation basic rule. S10. bail. Benjamin Franklin Glenn, violation basic rule, S10. bail. Earl Lee Cavin, violation basic rule, S10, bail. Robert Leo Burton, disobeyed stop sign. $5 bail. ' William Harold Roberts Jr., illegal LT turn, S5. bail. John T-pslif. Greeorv. violation hasic MAID OF COTTON-Janice Brown (above), 19, a Univer sity of California student, was chosen in Fresno as the 1956 California Maid of Cot ton and will represent the state in the national finals in Memphis, Tenn., in Jan uary. i Postman Puts New Twist to Route Bite New York (IPl Dog bites post man is pretty common these days but postman Leroy Hunter made the news with a new twist. He got bitten on his appointed rounds by an indignant woman. Hunter charged in felony court Wednesday that Mrs. Gloria Rohan, 21, put the bite on his wrist in a tussle for her re lief check. He had maintained the regulations required he put the check in her mailbox. Despite defense attorney Ben jamin Schmier's contention that Mrs. Rohan's false choppers were "so poorly constructed they couldn't bite anyone," Magistrate Neal P. Bottiglieri ordered her held in S500 bail for trial on third degree assult charges. BIDS TOO LOW Burlington, Vt. ftP) The water department has refused 10 bids for 40 pontoons and 4,400 feet of 24-inch pipe. Super intendent Francis O'Brien said the bids were not high enough for the material laid in Lake Champlain in 11894 and recent ly taken up. The top bid was $3,300. Thursday, November 14, 1957 MEDFORD (OREGON) MAIL TRIBUNE THREB Legion Post Donates Book to Library American Legion Post 15, this week presented the Medford Public Library a book in mem ory of the late Louis Kadas, a former member. The book selected, "Heros of the Army," by Bruce Jacobs tells the stories of winners of this nation's highest decorations for battlefield valor, the Medal of honor. Exploits of some 20 of the award's outstanding win ners are recounted in detail. A valuable feature of the book is its appendix which gives the only existing complete list of Army .Medal of Honor winners since 1898. A memorial gift book will also be presented to the library in honor of George Gates by the Legion Post. This will be announced as soon at it is re ceived from the publisher. Eisenhower Plans Week End in Georgia Augusta, Ga. (IP President Eisenhower is expected to arrive here Friday for a long week end of golf and relaxation. The President flew back to Washington Wednesday night after his "future security" speech in Oklahoma City. Before leav ing he indicated nothing had arisen to interfere with his plans for a trip to the vacation White House, and a definite announce ment was expected today. Friday morning Eisenhower is to confer with cabinet mem bers in Washington and is expect ed to fly here after that meeting. Chicago TP) When it , comes to apple polishing, students at Jones Commercial High school take a back seat to 50 one. They brought three bushels of apples to Miss Joanna Zelder, their "ideal teacher." . V 0& Ifs the BALANCE of mgreA ents in baking powder that gov erns its leavening action. Only when these are scientifically balanced can you be sure of uni form action in the mixing bowl plus that final, balanced rise to fight and fluffy texture In oven. p. T -1 I UN, I wimm Use Mail Tribune Classified Ajg The Low Cost Way To 9U " Items You No Longer Need c fin A CITS 838 WEST McANDREWS ROAD . Store Hours: 8 a.m. to 7 p.m. SPECIALS Thursday 3 p.m. to Saturday 7 p.m. iRKfTl PHONE SP 3-16 11 CLOSED SUNDAYS KLAMATH POTATOES 10-LBs. 39 12 packages $1.00 95c ,,,$1.89 JELLO MIR Pnffon M.J.B. Rice "ZST'u. 39e Chunk Tuna 3$1.00 LETTUK Large Crip HEAD 10' each II II LM ' S fl I? A TT S SAVE $$$$$$$$ and 0 U IVU V IVUlkn U Northern Stamps Too HOME SMOKED HAMS 12 or Whole 55 lb. We Are Featuring FRESH Turkeys This Year Not Frozen FREE! FREE! 2 TURKEYS and 2 Baskets of Groceries To Be Given Away Mon., Nov. 25, 6 pm BEEF ROASTS 39 V ROUND STEAKS 59lb. 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