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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 13, 1957)
0 o o O o o Money &afes Head Wall Street Agenda As 1957 Hears End ff' ' New York 1? Money rates top the Wall Street agenda of discussion as 1957 ntars its close. The year 1937, as one expert noted, was the third stage of a three -stage rocket in mon ey rates the one that put rates into or bit. The other Elmer to aizer two stages were Ihose of 1955 when money was In heavy demand, and 1956 when interest rates rose on an accelerated scale. Then came the peak, reached not long ago, and what many consider as the start of a lower ing of rates all along the line. The Federal Reserve has cut its discount rates at all district banks from 3V4 per cent to 3 per cent. Thefirst effects this gesture, followed last week by injection of more credit through purchase by the of government bills, waka 1oost in bond prices. Long3fr& Wall Street looks for a long term rise in bonds. Some call it the bqjinninf of a bull market in Sfcndi fcfoney experts look for adjust ments to lower rates in treasury bills. The firm of fcubrey G. Lan- ston & Co., specialists in U.S. government and federal agency securities, cautions its clients "there is nothing sacred about a 3 per cent rate for government securities." ' Don't count on your ability to invest in government securi ties at a rate of return of 3 per cent or better particularly in the short-term and intermedi ate areas," the firm says. C. Richard Youngdahl of the Lanston company, says the ques tion of interest rates right now is not which way will the inter est rates move, but how quickly they will decline, how far they will go, and how long will they stay down. He notes a surprisingly leth argic demand for bank credit by business at this time of year. And he adds there could be some rather large loan declines after the turn of the year. He believes the principal shift in credit supply may be expect ed in the commercial bank sector. Banks, he says, may at tempt to rebuild their positions in U.S. Treasury and other securities. If present business trends con tinue over the next month or two, Youngdahl holds, the FED would move to increase avail ability of credit and lower the cost of credit. Such action, he says, would bring declines in money rates all along the line. Friday, December 13, 1957 MEDFORD (OREGON) MAIL TRIBUNE THREE Burpee's New Seed Catalogue To Offer Giant First-Generation Hybrid Marigold The Family Council Editor's ot Tb family ConaclJ eomslsts of a Judge, a psychiatrist, tkre ciertymen. a newspaper editor a women'; vlitor and two writers Each article isi.a sumirdkry of an actual report. The 'amily Council does not give advice; it merely reports on problems thai ava been dealt with by responsible agencies and counselors Hilda, g. Olga should leave her husband for good. Olga . But am I better off without him? q Hilq N. My sister is mar ried to a very peculiar man and I don't see much happiness in store for her unless she leaves him for good. When they were first married, Harry used to go on regular binges. After he nearly lost his life in an accident because of his drunkenness, he gave up drinking entirely but became a kind of religious fanatic and talked nothing else day and night. He even gave up his job to work for this religious organ ization. Now he claims that this organization hasn't given him credit for his work for them, and he has started to drink again. My sister has had to go to work and I take care of her two children during the day. What kind of life is this for her and the children? Olga M. It's true that my whole married life has been one long misery, but I don't know if I'm any better off without my hust$nd. I left, him three times, but each time he came to me begging to be taken back, threatened to commit suicide if I didn't take him. My sister said I didn't have to worry about that because those who talk about it don't do it. Just the sa&e I was really afraid to take a chance. I would n't want to be responsible for dw death. &ch time I have left my hus Q band I've gone back to live with either my folks or my sister. I feel terrible having to depend upon them. ' The children miss their father, even though he isn't often very nice to them. I (fcfiasi) I'll just have to sweat it "out. T1J9) council: bince Ulga is willing to "sweat it out" and suffer for the sake of keeping her family together, she should try a little harder and seek some more satisfactory way of life. Olga's readiness to accept misery and suffering without a fight sounds a little too much like her husband's own submis sion to his drinking habit. She may resent this comparison, but she should realize that, like her husband, she tends to give in to the strongest pressures of the moment. She may claim that she at least faces reality and does not try to escape into a world of fantasy. She should recognize, however, that human beings can create their own reality. Her husband, aided by alcohol, creates a pleasant world for himself if not for others. Olga, aided by that same alcohol of her hubsand's, creates "one long misery. We don't deny that the wife of an alcoholic travels one of the world's roughest roads, but with courage and initiative it should be possible to find a little pleasure along even that rocky road. Olga should discuss with her clergyman and with a family counseling service the whole problem of how she can best help her husband, children and herself toward a better life. (COPYRIGHT 1957. GENERAL FEATURES CORP.) Two Valley Men Appear In District Court Two men appeared in district court Wednesday on charges of illegal possession of alcoholic beverages. . David Milton Setness, 19, of 733 Pine st., Central Point, pleaded innocent to the charges before Judge James M. ..Main. Lloyd Mortensen Miles, 20, of 605 Highland dr., Medford, was fined $10 plus $5 court cost. 4& OS mi 3 V Fl Downtown Traffic? SHOP CONVENIENTLY AT iiCDOE Outdoor Supply 816 South Riverside TOYS OF ALL KINDS s 45? SPECIALS- 3 SPEED tICOID PLAYIt $27.f5 Now 22.95 4 Driver CMBT (fiichflJ) fSiLDREQ'S 3 fiS0CERS f Jlcffefc (Uulekts) 34 Note GRAND PIANO and BENCH 16.95 RECORD PLAYER 9.95 Open Every Evening and Sunday 1 to 5 S&H GREEN STAMPS MOORE OUTDOOR SUPPLY By C. B. ENGELKE United Press Correspondent Philadelphia W David Burpee believes that this is the time of year when millions of Americans try to forget snow, ice, slush and heating bills by curling up with a good book about seeds. So, beginning in a couple of weeks, his firm, the W. Atlee Burpee Co., will begin mailing out about four million flower and vegetable seed catalogues. His theory is that the longer the average American home gardener has to study such a ca talogue, the bigger his seed order will be. It must be a sound the ory, too, because the Burpee company is the world's largest mail order seed house. We had a peek at an advance copy of the 1958 catalogue today, and it makes exciting reading, For the benefit of the more than 30 million Americans who are home gardeners (according to the National Garden Bureau), here"s a sneak preview of what they can expect in this year's edition First of all, Burpee is offering 11 new flowers and four new vegetable varieties. Showpiece of the catalogue is the new Climax marigolds. The Climax is the first giant Ameri can first-generation hybrid mari gold ever developed. It took 20 years and 550,000, plus the as sistance of 600,000 bees, to cre ate, and it's worth it. Burpee, long known as "Mr. Marigold" by flower growers, is Neuberger Urges Treasury Surplus For Laboratories McMinnville IP Sen. Rich ard L. Neuberger (D-Ore.) told the student body of Linfield Col lege today that any surplus in the Oregon state treasury should be used to build laboratories for "basic and fundamental" scien tific research. The senator praised Linfield for its own advances in the field of science and cited the fact that great research centers near Bos ton and Berkeley had resulted in the location and expansion of major technological centers in the states of Massachusetts and California. No Freight Barrier Neuberger said that the prod ucts resulting from such research are high in cost but "compara tively light in weight and bulk," and that they could be produced in Oregon "without encountering economic difficulty from the freight-rate barrier." He proposed that a nucleus of scientific laboratories be built in Oregon. "Young scientists," he declared, "are finding it increas ingly necessary to migrate out of Oregon in order to discover ap propriate and rewarding fields for the use of their knowledge and talents." the man responsible for solving the complex problems involved in creating a marigold hybrid. The big trouble is that mari golds are self - pollinating. So Burpee first had to develop a strain that was male sterile. Eventually he succeeded. Then he planted alternate rows of the new male-sterile marigolds and regular self - pollinating mari golds. Then the bees were brought in to cross-pollinate the two strains. This sounds easier than it was, of course, but after 20 years Bur- Sawdust Telephone SP 2-21 11 MEDFORD FUF' CO. pee came up with his Climax marigold tremendous, almost globular blooms that get to be nearly five inches across and al most as deep. Burpee is offering Climax seeds to enthusiasts this year in two colors pale yellow and bright orange. EMERGENCY NUMBERS FIRE ' SP 2-2333 POLICE SP 3-3636 MONEY SP 3-5308 MVTSmt 6f PACIFIC PACIFIC , mmiCTftiJii MWkJIftUMb 16 S. CENTRAL r offlj GEETj QEB m rgrcwai TOnm m., uiuvm rang? (MMt QB gg? wsm $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ FOR; ONE DAY ONLY! 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