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!
The Cut Prices on the 2 Items Shown Below Will Be in Effect Tomorrow Only Limited Quantities
Reg. 8.98 Bench Hassock
Use for comfy foot rest, seat. Your choice of
t- plastic covers. Easy to clean.
Reg. 12.98 Men's Reversible Jacket
Smart chest stripes of nylon fleece reverse to solid color nylon taf
feta. White, charcoal, brown. Machine washable. 36-42.
7777
Reg. 54.95, 55.95
f Chromed pring jflV"" xfMf ' J J
1 "Harlequin" check I fOi iff ' 4 V
NOW! AMERICA'S NEWEST BIKE... YOURS
EXCLUSIVELY AT WARDS-BOYS', GIRLS' MODELS
26 & 24 inch
Models ,
$5
DOWN
$5 a month
9 Equipped with features for longer cycling pleasure
Lavish, rich chrome plating throughout bike
Triple-plate crown fork with chrome cap
Wards new American, Hawthorne bike is the perfect bike for Christmas
giving I Built with advanced styling and "plus" features. Safe, sure stopping
coaster brakes. Boys' in metallic red; girls' in metallic blue.
FAMOUS HAWTHORNE BIKES FOR EVERY
AGE . . . EVERY BUDGET - EVERY NEED
(A) WARDS 26-INCH HAWTHORNE "ARCH-BAR" BIKE
Strong, arch-bar frame design. Safe coaster brakes. Boys' char
coal; girls' green. 24 Bke 35 88 20" Bike 34.88
(I) 26" TOURIST LIGHTWEIGHT, HER-CU-M ATIC 3-SPEED HUB
3-speed hub lets you shift gears makes pedaling easier. Caliper
front and rear rim brakes. Rich black enamel finish.
WARDS 26-INCH HAWTHORNE "FLO-BAR" BIKE
Streamlined as tomorrow's jets! Flo-Bar frame gives extra
strength, beauty. Finest coaster brakes.
YO0R SATISFACTION IS ALWAYS GUARANTEED AT WARDS
Alan Ameche" football
Pebble grain for easy
handling. End stripes
for day or night ploy, nodu kMCU
2.69
4 bat table tennis set
4.98
3-ply rubber faced
bats. 66' net. 4 balls.
r.LL 'COoO. 4 bat tennis set.5.98
Home golf gone
Indoor or outdoor
soxo
9.75
Fun for the whole fam
ily! Has steel holes,
hazards. 2 fwfl size
putters, 2 bolls, rules.
Trail Blazer air rifle set
i 0JW TV I litre, vvitr-
teen, bell, 25 paper
targets, 2 pks. BBs.
7.95
OUT OXU
Everlast boxing gloves
Fine sheepskin lea- J O C
ther. Goat hair pad- Q W
ding won't lump, mat. Boyt 8.14
SANTA WILL
BE
AT WARDS TOMORROW AND MONDAY
FREE CANDY FOR THE KIDDIES
o