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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 27, 1957)
o Wednesday, rforember t7, 1957 MEDFORD (OREGON) MAIL TRIBUVB WJfc lock Market Watches W ouse Bulletins for Its Direction Some Say Tuesday's Selling Carried Too Far; $5 Billion Loss By ELMER C, WALZER United Press Financial Editor New York P The Eisen hower stock market today watched the White House bulle tins for its direction. Some market men believed Tuesday's selling so great that tickers were unable to clear the last quotations until 25 minutes after the close may have been carried too far. Values fell S5 billion. Prices on the Pacific Coast Stock Exchange broke sharply Tuesday but for the most part were oely slightly below prices on the New York Exchange. The Pacific Coast Exchange closes two hours after the New York Exchange and its behavior after a newsworthy event gives trad ers a clue to the future behavior of the markets. The President's state of health is regarded as a prized posses sion as far as" Wall Street is con cerned. Stocks rise when his health is reported good and im proving and fall when it is less favorable. Reports to Sway Prices It was believed that the Pres ident's health reports would continue to sway prices as they have since Sept. 26, 1955, the day of the big break on Ike's heart attack. That break knock ed industrials down 31.89 points, a drop only second in scope to the one of Oct. 28, 1929 when the average fell 38.92 points. It was the second widest decline in history. Rails on that eventful day had a record break of 11.15 points. On June 8, 1956, when the President was reported suffer ing from ileitis the industrials fell 7.10 points and the rails 3.74 points. They quickly recovered. Another Drop On Oct. 10, 1955, industrials fell 13.27 when the doctors said Ike was still not 100 per cent out of danger. Tuesday's break was held in check by the lateness of the an nouncement on the President's health but it produced a deluge of selling in 20 minutes. The selling gained headway until the close at 3:30 p.m. It was so heavy at the last minute that it took the tickers 25 min utes to clear the trades. The last tick came at 3:55 p.m., long aft er the floor had been cleared of traders and cleaned up by the sweeping squads. That last half hour Tuesday was the biggest since the second day of the Eisenhower heart attack market of 1955. It in volved 1.100,000 shares at the rate of 5.750,000 shares for a full session, and compared with 1.190,000 on Sept. 27, 1955. Sudden Change Just before the news of the President's illness was an nounced at 3:10 p.m. (EST) the Street had been a bit optimistic on the future. There had been some cautious selling on the ilj ness but it was mild. It increas ed as the time lagged before an announcement. Market men said that if the bulletins on the President's ill ness improve the market could resume its rise and still score the traditional year-end rally. The Street had been visualiz ing a Decemebr rise in the mar ket, a rise that usually comes or at least has come in 32 of the past 39 years as a year-end rally brought on by reinvestment of interest and dividend receipts. Wall Street had believed a test of the market's Oct. 22 lows would be deferred until Janu ary or February or even later. But now the situation is differ ent. Not a few say the test is already here. State Wishes Ike Swift Recovery Salem HP) High state of ficials today wished President Eisenhower a swift recovery from his cerebral attack. Gov. Robert D. Holmes said "I am sure I speak for all the people of Oregon in my expres sion of regret for the president's illness, and in wishing him a swift and complete recovery. "I am encouraged by the re ports that the attack was a slight one and one which the president can return quickly to the duties of his office." Secretary of State Mark Hat field said "the illness of our president causes us as a' nation to pause and offer prayer for him and his family. That his illness should come in the midst of his efforts to preserve world peace is a tragic repetition of history four decades ago when Woodrow Wilson was likewise working for international under standing." Fraternity to Set Up Research Plan Bloomington. Ind. (IP) Phi Delta Kappa, a national teach ers fraternity of 60,000 top edu cators in the United States and Canada, has announced plans to set up a research program to analyze problems of the teach ing profession. Dr. Maynard Bemis, executive secretary of the fraternity, pro posed a $95,000 budget for a two-year trial period of the pro gram and asked for the appoint ment of a research director to get the project started. Bemis said many U.S. edu cators feel that "teacher educa tion in America is not properly geared to meet the increasingly heavy demands of public schools. ' "Teacher college presidents and deans of schools of educa tion are asking searching ques tions which can only be answer ed by vigorous research," Bemis said. He said the research would include the study of "several thousand" doctoral dissertations on the subject and would even tually result in a single source book to point the way to better teacher education. Accidental Gunshot Wound Fatal Tuesday Oakridge (IF An accidental gunshot wound today was blamed for the death Tuesday of O. Roland Clark, 48, Oakridge real estate and insurance man. State police said the gun re sponsible for Clark's death was one of four in a filing cabinet in the man's office. It apparently discharged when he opened the cabinet drawer. Survivors include his wife, two sons and two stepsons. Extra. Services That Count When you move it's Hie extras that realty make the difference. And Davis service provides these extras at no additional cost to you. Next Time call Davis . . . you'll be glad that you did! For The Best Move of Your Life! i mw 1 P ! 1 The Best Move of Your Life! Fast, safe, dependable moving is Davis' business. Big, soft-padded Bekins Van Liners will move your valuable household possessions across town or across the coun try. And expert Davis services cost no more than other responsible movers. Next time call Davis! FAST GRATING AND PACKING SERVICE DAV S TRANSFER AND STORAGE CO. Medford - 139 South Fir Phone SP 2-6273 Ashland - 240 4th St. Phone MU 2-8552 BEKINS AGENT FOR MEDFORD AND ASHLAND Authorities Agree That Ike's Chances Of Recovery Good By LOUIS CASSELS United Press Correspondent Washington IP President Eisenhower has suffered what doctors generally call a "minor cerebrovascular accident." In layman's language that's a mild stroke. Medical authorities agreed to day his chances for complete re covery are excellent. They said it is quite likely his only symp tom a slight difficulty in speak ing will clear up within a week or two leaving no perman ent after-effects. The chief cause for concern in a mild stroke, according to a dozen eminent specialists con sulted, by the United Press, is that sometimes it may be follow ed rather quickly by a more severe one. This usually does not happen. It is the exception rather than the rule. Next Few Days Important The consensus was that the next two or three days will be important in clarifying the prob able pattern of the President's illness. Physicians attending the Presi dent have avoided the word "stroke" in describing the Presi dent's condition, possibly because of the scary connotation it has to many. The official diagnosis given in White House medical bulletins was "an occlusion of a small branch of a cerebral ves sel." Outside doctors said this sim ply means there has been an interruption of blood flow to part of the brain. All such in terruptions, they said, fall into the medical category of "cere brovascular accidents." Need Is Greater Brain cells, even more than other parts of the body, require a constant flow of blood in order to function properly. The seriousness of a stroke de pends on what causes the inter ruption of blood flow, how long it lasts and what area of the brain is affected. The worst kind of cerebro vascular accident is the rupture of a blood vessel which produces a hemorrhage in the brain. This is what killed President Frank lin D. Roosevelt in 1945. White House physicians said Tuesday night, after extensive neurologi cal examinations, that President Eisenhower had not suffered a hemorrhage. The official medical bulletin described the President's condi tion as "an occlusion." This means a blood vessel was blocked. Children Like io Play With Python Miami, Fla. (IP) Graig Phil lips and his wife know how to entertain visiting children. They let the kids play "firehose" with a nine-foot python. The pet is an Indian .rock python, said Phillips, "the gen tlest and friendliest kind of snake." "My wife named him Python Pie because he was so sweet," he dded. Phillips is curator of the Miami Seaquarium. He said Py thon Pie was left as an orphan on his doorstep by someone who probably knew that his wife loved snakes. Should the firehose game with Python Pie become dull for the kids, they can play with a cou ple of small boa constrictors, two other pythons or a few tropical lizards which also are pets in the Phillips household. ' 0 0 e MENDING FENCES British Prime Minister Harold Mac millan (right) and French Premier Felix Gaillard review honor guard in Paris shortly after Macmillan's arrival from London. The British leader is in France for con ferences aimed at restoring the Anglo-French alliance which was badly torn by American and Birtish arms ship ment to Tunisia. Ike's Illness Sparks Demands for Action On Disable Problem KUHN REASSIGNED Ft. Campbell, Ky. IW The commander of the paratroops at Little Rock, Ark., has been re assigned to a post m Iran. Col. William A. Kuhn, first airborne i battle group commander, was honored with a review before leaving the post. He also was commended in a telegram from Maj. Gen. Edwin A. Player. Washington W President Eisenhower's latest Illness sparked new demands today that Congress take action on the long standing problem of presidential disability. The President's mild stroke also brought a suggestion by one congressman, Rep. Ppul C. Jones (D-Mo.), that Eisenhower resign if he finds himself disabled. A call for congressional ac tion on riresidential disability came from Rep. Kenneth B. Keat ing (R-N.Y.), ranking GOP mem ber of a special House subcom mittee studying the problem. Jones emphasized in suggest ing the President step down if he feels he is incapacitated that he was not urging the President to resign "unless he finds he is not in a position to exercise his full facilities." Jones said Americans have more confidence in President Ei senhower than Vice President Richard M. Nixon, "but we have to face the facts. We have to have somebody with all his fac ulties making decisions in this critical period, even if we don't agree with him." The President's illness also re opened the question of. who, if anvone. can act for the chief executive when he is temporar ily out of action. A healthv President cannot turn over the legal responsibil ities of his office to anyone. He must personally sign bills, treaties and other important documents. However President Eisenhow er has leaned heavily on his aides, notably Presidential As sistant Sherman Adams, for help in matters his critics claim should be handled by the chief executive alone. Adams' Role Adams' role in operation of the government during the cur rent residential illness is re ported to have grown consider ably. Eisenhower also has turned over a number of ceremonial and routine ministerial duties to Nixon' and the presidential staff. Congress began studying plans for turning over the duties of a disabled chief executive to the vice president after Eisenhower's 1955 heart attack. Action in the last session was stalled by an apparent deadlock over separate proposals offered Congress. The constitution says the vice president shall take over a Presi dent's duties if the chief execu tive cannot discharge them. But it does not say who is to decide when a President is unable to carry out his duties, nor the pro cedure for transferring the presi dential power. Logging Accident Fatal Near Cottage Grove Cottage Grove HP Injuries suffered in a logging accident Monday afternoon jn the Boul der Creek area about 35 miles northeast of here were fatal to Perry Hales, 24-year-old choker setter, the county coroner's of fice said today. Hales had set a choker on a log which unended and struck him across the chest. He is sur vived by a ' wife and two chil dren, and a brother. Early in the history of the U.S., most of the states had laws disenfranchising those in the military or naval services be cause of a general fear of mili tary domination. II JC-S-i II I w mm K ii r i t -a. EXPECTING AN HEIR? Look for BABY SCALES CIGARS in the YELLOW PAGES MARRIAGE LICENSE APPLICATION James Allen Vander Pool, route 2, box 141. Central Point, and Carolyn Echo Groshong, post office box 957, Central Point. Leonard Allen Stallsworth. 1546 Kenyon st., Medford. and Dorothy La Rae Wilcher, 1032 Cherry ave., Med ford. Teddy Joel Jamison. Ashland, and Patsie Jean Reeder, Ashland. David Eugene .Haraden, 34 North Peach st.. Medford. and Linda Lou Lindgren, 34 North Peach St., Medford. Court Records MUNICIPAL COURT Thomas Charles Buckle, racing with another vehicle, $25. Charles Burton Ragsdale, disobeyed traffic signal. So. Ethel Pearl Offutt, disobeyed traffic signal. ' S5. Alfred Jefferson Ray, no tail lights, S5. Marian Harriett Boardman. failure to obey traffic sign indicating left turn, S5. Donna Belle Peacock, violation of basic rule. S10. Robert Rounsauelle Carter, disobey ed traffic signal, S5. Audrey Maxine Blessing, violation of basic rule, $10. N Charlie Martin Beat-, no tail lights, $5. Bobby Clinton Wilkes, disobeyed traffic signal, $5. Patricia Gayle Colley, violation of basic rule, S10. Ernest William Engelkes, disobeyed traffic signal. $5. Robert Aulden Brown, violation of basic rule, S10. Arthur George Hanson, improper left turn, $5. Samuel Andrew Groves, violation of basic rule, $10. Floyd Herman Brownie, violation of basic rule, S10. Jack William Butler, disobeyed stop sign, 55. Donald Dee Wallace, violation of basic rule, $10. John Alfred Drager, improper lane usage, $5. Jack Ray Ballantyne, disobeyed stop sign, $5. Tommy Jim Teixeira, violation of basic rule, S10. Chester Earl Eyers, disobeyed traf fic signal. S5. Leslie Jay Samuelson, disobeyed stop sign. S5. , Irwin Peral Ditch, disobeed traffic signal. $5. Kenneth Bobby Owen, improper lane usage. S5. Troy Vernon Wright, no tail lights, $5. Dean William Prvett, violation of basic rule, $10. Jim Guy Smith, violation of basic rule. $15. Eddie Ridgeway Paxton, violation of basic rule. $10. Joseph Benjamin Sparks , lane usage. $10. Donna E. Teal, violation of basic rule, $10. Maurice Leo Hildenbrand, violation of basic rule, $10. Clayton Randolf Brown, excessive noise. S5. Frank Fernadis Bush, disobeyed traffic signal, $5. Authorities Confer On Future Course of Gein Investigation Madison, Wis. (IP State and local authorities confer today on the future course of the investi gation into the case of Ed Gein, admitted butcher - slayer and grave robber. District Attorney Earl F. Ki leen of Waushara county said he was summoned to Madison in a telephone call Tuesday from State Attorney General Stewart Honeck. Earlier, Wisconsin Gov. Ver non Thomson ordered Honeck to continue the many-sided in vestigation of Gein's crimes aft er Kileen and other Waushara county officials had decided to drop the case. The governor's decision indi cated the state feared that Gein, 51, a Plainfield, Wis., bachelor farmer, may have been involved in more than the two murders to which he confessed. Authorities in Madison said they probably will decide to or der additional lie detector tests for Gein and to open all the graves the frail farmer admit ted looting. Gein, whose ramshackle home was strewn with skulls, death masks and other articles of hu man anatomy, confessed mur dering and butchering two middle-aged women. He said he ob tained the rest of his ghoulish trophies during moonlight raids on two Plainfield cemeteries. Waushara county authorities Monday dug up two of the 10 graves Gein said he violated and found them virtually emp ty. They then announced no more graves 'would be opened and th case would be dropped. The state then took over th investigation to make sure that all mysteries in one of Wiscon sin's most horrible crimes tr cleared up. Gein presently is under obser vation at the state hospital for the criminally insane at Wau pun, Wis., to determine if he i sane enough to stand trial on murder charge. Railroads in the U.S. carrieS fewer passengers in . 1933 than the volume in 1895. DISTRICT COURT Glenn Leroy Hail, defective tail light, $10, bail. W. D. Beard Jr.. defective wind shield wipers, $10. bail. John Stewart Montgomery, defective tail light. $10, bail. Guy Leslie Warren, failure to stop at stop sign. $10. bail. Albert Jerry Hansley, overload, $74. Arthur Allan Hyde, overload, $87. Harold H. White, failure to stop at stop sign. $10. Allan Higenbotham, exceeding pos session in wood duck, $15. Errol Ray Tresham, violation basic rurle. $15. Henry Michael Fuhrer, Sr., failure to dim headlights. $6. Wesley Earl Sookson, no muffler, $15. Ro'iert Earl Edwards, failure to stop at stop sign, $10. Teddy Gene Freed, no operator's license. $10. Bryon Everett Craven, no operator's license, $10, bail. Robert Henry Anderson, no tall light, $10, bail. Bernie George Helms, refusal to weigh. $105, bail. William George Hobson, no warning device, $6. Roy James VanMere. improperly changing lanes on highway. $10. Waldemar Edwn Hammel, passing motor vehicle without sufficient clear ance. $15. Ross Allen Twedell, failure to stop at stop sign. $10. Richard Allan Reeves, violation of basic rule. $15. George Cummings Halberton, fail ure to stop at stop sign. $10. Arnold Rodney Dillon, no mud guards, $6. Jim Ross, operating power driven logging machinery without permit, $30. 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