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Northwesl-Phoenix Air Service Granted
O Los Angeles OPi Authority
to establish the first direct one
carrier air service between the
Pacific Northwest and Phoenix
on or after Feb. 18 was granted
Western Airlines Monday by the
Civil Aeronautics Board.
The authority was given in
a supplemental opinion or re
in accord
with our annual
tradition . .
MEDFORD
STATIONERY
STORE 210 E. Main
will, be
CLOSED
December 26th
as an added rest
for our employees
consideration of the Phoenix
service case.. '
The new segment, as an
nounced in the board's decision
Nov. 19, grants Western a se c
tion between the terminal points
of Phoenix and Los Angeles. It
has the restriction, however,
that all flights over the segment
shall either originate at Portland
or Seattle and terminate at
Phoenix or originate at Phoenix
and end at the Pacific Northwest
cities.
Petition Opposed
By Western Air .
San Francisco (IP) The State
Supreme Court denied Monday a
petition for a writ of habeas
corpus filed by John C. Tipton,
22-year-old Orange county murder-rapist.
Tipton is scheduled to die
Jan. 31 in the San Quentin gas
chamber.
He was convicted of fatally
stabbing Mrs. Oleta O. Johnson
in Costa Mesa in March, 1956.
She was the 18-year-old wife of
a serviceman.
Portland Traction
Hearing Recessed
Portland (IP) A hearing on
Portland Traction Company's
plan to abandon interurban pas
senger service between Portland
and Oregon City and Bellrose
has been recessed until next
Monday.
R. Gilman Smith, a New York
transit expert, testified Monday
that he did not believe there was
anything which could be done
to attract enough additional
riders to put the Bellrose-Ore-gon
City line back in the black:
The hearing is being conduct
ed by Howard Morgan, state
public utility commissioner.
COW CAUSES COLLISION
Dublin, Ireland HP) A cow
caused a collision Monday be
tween two trains in which an en
gineer was killed and three pas
sengers were injured. One train
stopped when the engineer
spotted the cow on the tracks
near Dundrum. It was rammed
in the rear a few minutes later
by a second train. Alkthe casu
alties, were on the second train.
5 Vl Ws..
ItlAY your Yuletide glow brightly with that
good old fashioned Christmas cheer that makes
every heart lighter, every friendsjhip warmer,
0
every hour richer in happiness and content
ment . .
Each Christmas Season we realize anew, that
our most treasured possessions are our many
enriching friendships. And so to all our friends
in the Rogue River Valley we wish a
Very Merry Christmas!
CRATER INN MOTEL
Bill and Mary Schei
Wall Street Projects
Business, Market To
Latter Part of 1958
h
United Press Financial Editor
New York OPi Wall Street
frowns so much when it tries to
talk about early 1958 that it's got
to projecting business and the
market into
the latter part
of next year.
At the end
of 1958, says
Gerald M.
Loeb, a senior
partner of E.
F. Hutton &
Co. bus iness
men and share-
Lhner Waizer owners should
find themselves in a much more
satisified and optimistic frame
of mind compared to their feel
ings and positions.
This is a contrast with the end
of 1956 when industry predici
tions saw a good first hajf fol
lowed by a decline. In that they
were right. There's gloom in
Wall Street just now, but Loeb
thinks that many of the causes
of this gloom are being eliminat
ed. He lists them:
Overalued Stocks Descend
"Many stocks that were over
valued have already descended
to levels of reasonable value,
and their technical situations
have improved; tight money and
a weak bond market have given
way to an easier' credit policy
and a strong bond market; and
government mistakes in the
handling of defense orders and
payments are being rectified."
Loeb believes that in all likeli
hood 1958 will be a resumption
of debit financing, business ex
pansion. Hence 'he sees no long
drawn out depression.
He doesn't think a business re
covery and a bull market can
be built mainly on a prosperity
in consumer goods such as cig
arettes and drugs.
- The uptrend will come, he
says, after the outlook for auto
mobiles and capital goods im
proves, signaling a recovery for
the whole economy.
Economic Statistics Helpful
"An examination of accepted
economic statistics is helpful in
indicating possibilities, he said,
"but it never gives the true tim
ing of a turn. Such statistics do
not reveal the timing of the
downturn, and they will not
forecast 4he upturn until after
it is an actuality.
"Decisions on capital and per
sonal expenditures, or on the
size of inventories are made by
men; and men's minds are in
fluenced by their hopes and
fears. If they read about grow
ing unemployment, they tend to
increase their savings. If they
read about 'declining sales, then
capital expenditures and inven
tories are cut. The same eco
nomic psychology holds true in
the oppasite direction."
He holds that in the final
analysis the recovery in 1958
will stem from a restoration of
confidence which will be spur
red by by easier money, re
newal of - inflation psychology,
and increased defense expenditures.
LACKED SAVING STITCH
Logansport, Ind. (IP! Frank
Lawler didn't have a stitch in
time and it cost him a diamond
ring, a watch and a table clock.
Lawler was taking a bath when
he heard someone in his apart
ment. He didn't investigate be
cause T didn't have any clothes
on."
Sputnik Launchings
Rated as Top Story;
Little Rock Second
New York (IP) The launch
ing of the Russian Sputnik's,
marking the opening of the space
age, was voted the biggest news
story of 1957 by United Press
editors.
They took into account that the
impact of the Sputniks on news
paper readers and TV-radio lis
teners extended far beyond the
field of science. The current re
appraisal of the U.S. defense
policy, for instance, can be
traced largely to the Soviet tri
umph in putting artifical moons
into space.
The 10 biggest:
' 1. Sputniks.
2. The integration of Little
Rock Central High school with
special emphasis on the fact that
federal troops were sent in to
bring it about.
Ike's Illness Rales
3. President Eisenhower's
stroke and . the resulting con
troversy about what should be
done in event of presidential
disability.
4. The Senate Racket commit
tee investigation and the subse
quent controversy inside the
ranks 6f organized labor.
5. The rise of Khrushchev to
the pinnacle of Soviet power and
the downgrading of Russia's
greatest military tiero, Marshal
Zhukov.
6. The continuing turmoil in
the Mid-east with the constant
threat that it will poduce a maj
or war. ,
7. The rescue of Benny Hooper
from a Long Island well. The
editors noted that this was one
of the outstanding human inter
est stories of recent years.
Baseball Games Eighth
" 8. The triumph of the Milwau
kee Braves in the World Series
and the realignment of the Na
tional League to include Los An
geles and San Francisco.
9. Hurricane Audrey.
10. The international controv
ersy over the Girard trial in Ja
pan. Other, stories that received
strong support were: The Paris
NATO meeting; the stock mar
ket's fluctuations; the end of the
southwestern drought; Queen
Elizabeth's American visit; the
Asian flu epidemic; and earth
quakes in Mexico and San Francisco.
Regular 92. size TWW
new... jussy
Wind and Weather Lotion
Reg. $2. size
Now... it works 5 ways!
Heals! Contains Allantoin
to help heal chapped, dry skin.
Protects! Contains silicones
to fight off effects of harsh
soaps and detergents.
Softens! Contains emollients
to help smooth and soften
your skin.
Fights infection! Contains
Hexac&lorophene to check
stia germs, reduce risk
of infection through open
cracks in the skin.
Stops Odor! Your skin, k
protected against food odors
picked Hp during the cooking
and cleaning jobs arosod
the hocse.
Reg. $2. size
NOW $1.
Limited
90
Western Thrift
30 North Central
Dial SP 3-5371
Tuesday, December 24. 1957
MEDFORD (OREGON) MAIL TRIBUNE FIVE
HAROLD L. WALL
Elected President
H.L. Wall Elected
President o! Club
Harold L. Wall, manager of
Sloan company, was elected
president of the Electric club of
Southern Oregon at its first an
nual Christmas m'eeting and
party Dec. 19 at the Jackson
hotel.
William Underwood of Trow
bridge and Flynn was elected
vice president; Bill McCulley,
secretary; Chuck Wakefield,
treasurer; and Ben Graham, ser-geant-at-arms.
Paul Jorgenson of
General Electric Supply com
pany is retiring president.
The group, composed of indi
viduals in the electrical indus
try, is currently preparing for
local support of the national
"Live Better Electrically" week
Feb. 10-14.
FRENCH BOOST AUTO PRICE
Paris (IPI Two of France's
major automobile manufacturers
today hiked prices on all models,
blaming the increase on the ris
ing costs of raw materials. Ren
ault and Citroen announced price
increases averaging 4 to 5 per
cent.
WMTE
D
One Christopher Cringle,, alias Santa Claus, for deliberate
arid premeditated entry, via chimney, into thousands of
American homes. Age . . . about 2,000 years. Weight ...
a good load for eight reindeers. Height ... tall enough to
be a short policeman, but he's never caught flat-footed.
Habits . . . decided tendency to break out (or in) around
December 25th. Disposition ... genial, but watch your
pocket-book. Features . . . red nose, handlebar moustaches,
heavy growth of white fuzz on chin. Known to be killer
... of blues, troubles, cares and worries. '
REWARD
A generous reward will be paid to anyone who locates the
old gentleman on or before December 25th. The reward
will be doubled if he can be persuaded to visit each one of
our good friends and patrons to express our hearty good
wishes for a Merry Christmas. The reward will be tripled if
he leaves each of our old friends a giant stocking filled with
s happiness, peace and prosperity for 1958.
HEATH'S
Medical Center
33 North Central,
PHARMACY
Z lA -rrr. :
& ALL OF US AT
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DAIRY PRODUCT