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,
$30.
CIRCUIT COURT
Gretchen Zona Call vi Edward Call,
separation complaint.
Carole J. Crippen vs Stephen G.
Crippen Jr., divorce complaint.
Nadine Moschos vs. Charles G. Mos
chos. divorce decree.
Donald James Purdy vs. Jean M.
Purdy, divorce complaint.
Catherine O. Ward vs. Thomas D.
Ward, divorce complaint.
Gerald G. Black vs. Ruth E. Black,
divorce decree.
&henleii M&f&k
RESERVE I tElJ&tWM&ljtfj
SCHENLEY DISTILLERS CO.. K.T.E. BLENDED WHISKY, 86 HOOF. SSX CUIN NEOTKAL SPIRITS
Westinghou$e
APPLIANCES!
Automatic FRY PAN
COOKS SO MANY FOODS SO. MUCH BETTER!
WESTINGHOUSE
GRILL-N-WAFFLER
ToasU, spillt, frUm . . . Cook
everything from snacks to
steaks. Top opens back to
double cooking surface
... grids snap in and
out easily. $3235
WESTINGHOUSE
GtMt just the warmth
you dial, regardless
of temperature
changes. Lets you
sleep like a lamb all
night long. Sheets,
Blankets . . .with
Single or ,
controls. $1995
AUTOMATIC
BED COVERING
1 - jr-X
- es
i
WITH THE NEW
WESTINGHOUSE
2 -TONE
DflDTADI r Ml VCD
k. runinDLi. itiialu
FAMOUS WESTINGHOUSE
STEAM-H-DRY IRON
YOUR BEST BUY AT
$3.00 Trade-in
for Your Old Iron
51695
WAS $21.95
WESTINGHOUSE
TOASTER
now
Lay-Away Now for Christmas
Trowbridge &,FIynn
Electric Company
214 West Main
Phone SP 3-6241