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Local and
Garbage Dumped Gor
don Meyers Sardine Creek,
complained to sheriff! offic
ers Monday that garbage wa
dumped on his property sev
eral times during the month.
Air-Conditioner Taken
Mrs. Charles Miller, 1930
Barnett rd,, reported to sher
iffs officers of the theft of a
Chico portable air-conditioner
from a house at 400 Fifth
St., in Phoenix Dec. 29.
Vandalism Reported Ev
erett Huffman of Huffman
Brothers Wrecking, 1618
North Riverside ave., report
ed to sheriffs deputies Mon
day that gas hose was cut at
the yard and some gas spill
ed. Tools Taken Ralph David
Tipton, 503 Maple st., told
city police Tuesday about $40
worth of tools were taken
'from the back of a pickup
truck while it was parked in
front of 1182 Court st. some
time last week.
Camera Gone Wayne R.
Welty, 237 Girard dr., report
ed to Medford police Tuesday
a camera, valued at $70. was
taken from the Western Thrift
store, 30 North Central ave.,
during the past week. Police
said the camera was taken
from a display board.
Parking Sign Hit Police
said a parking sign was
knocked down by a car Tues
day evening at Eighth and
Holly sts. Police said the car
apparently was damaged as
upveral erill parts and a wa
ter trail from the radiator
were found.
Aerial Broken James Dar
ren -Renson. 2665 Crater Lake
highway, reported to city po
lice radio aerial was proxen
off his car while it was park
ed in the Safeway parking
lot. Main and Ivy sts.. Tues
day night.
4; r Cited Marvin H. Bohnert,
Z 21, of route 1, box 60, Grant
; rd., Central Point, was cited
"i - for violation of basic rule after
-1 - a car he was driving was in-
-: volved in a collision with a
'i Z car operated by James Med
z Starnes, route 2, box 817B,
J. Z Central Point, about 6:15 p.m.
1 r Tuesday, according to state
police. The accident occurred
at Bybee and Central Point
- market rds., they said. . ,
: Accident Rube J. Smith,
". 169 East Glenwood rd., and
: Thelma Maxine Collins, 148
Alida St., Ashland, were driv-
- ers of cars involved in an ac-
- cident t Highway 99 and the
p department of motor vehicles
office about 2 p.m. Tuesday,
' according to state police. They
said Mrs. Collins was cited for
failure to operate on the right
side of the road.
Collir-ion Cars operated by
Bobby Parris Medcalf, 103
Narrigan st., and Edith Evelyn
Rawlings, route 1, box 405,
were involved in a collision
on Stewart ave., east of Stage
rd., about 3:45 p.m. Tuesday,
according to state police. Po
lice said Medcalf was cited
' for failure to operate on the
right side of the road.
Signs Damaged Medford
police reported Wednesday
morning three stop signs were
; pushed down by a car Tues
J day night. The signs, located
- at' Queen Ann and Lindley
- aves., at Third and Bartlett
j sts!, and at Jackson st. and
Z Crater Lake ave., were brok
er en off at the ground, police
said. They said tire marks in--:
dicated the car was driven
along the parking area each
time before the signs were
struck.
: Accident Cars operated by
Harold Wesley Shock ley,
u route 1, box 380, and Owen
Eastone Shroyer, 447 North
Fir st., were involved in a
collision on North Grape st.,
between Sixth and Seventh
sts., about 10 a.m. Tuesday,
.r-rnrdin? to Medford police.
They said no citations were
issued.
TONITE!
$1 Per tar
WILLIAM CAMPBELL f
-- imp tf Munrii - -
mam it fan uuxtn
KEENAM WYNK
mam
Brass
U I.WfflTBRUM
T? w J TV,WYATTfA"
iiSr -.mi
Personal
Flue Fire City firemen
were called to a flue fire
about 9:50 a.m. today at the
Dolly Goddard home, 2251
Barnett rd.
t
Gun Missing A German
Luger was stolen from Ed
ward F. Smith, 401 East 12th
st., about Dec. 1, he reported
to sheriffs officers Tuesday.
Smith now lives in Central
Point.
Council Meets The North
west Mining council will hold
its regular meeting at 8 p.m.
Thursday in the Jackson
county courthouse auditor
ium, a spokesman announced.
Gold laws will be discussed
at that time, he said.
"
Tire Taken A spare tire
was removed from a station
wagon owned by Mrs. Emma
L. Herndon, sheriffs deputies
were informed Monday after
noon. She told the officers the
tire was taken sometime Sun
day when the car was park
ed in the driveway of her
home at 1414 South Stage rd.
Collection Missing A
coin collection valued at S200
was reported missing to Jack
son county sheriffs officers
by Jack Bailey, 66 Clover
lane, Medford. Bailey told of
ficers the collection was tak
en sometime since March. It
was kept in the foot locker in
Bailey's house, officers were
told.
Tree Bulbs Taken Archie
Carlton Pierce, box 99, Pierce
heights, reported to Medford
police Tuesday evening 33
Christmas tree bulbs were
taken from an outside display
in front of his home about
5:30 p.m. Tuesday. Police also
said Elbert Joseph Tousig
nant, 137 Willamette st., re
ported -the theft of Christmas
tree lights valued at $7.50
Tuesday afternoon.
Births
PHILLIPS To Mr. and
Mrs. Alvin, 608 Park St., Med
ford, Dec. 31, 1957, a girl,
weight 6V4 pounds, at Sacred
Heart hospital.
DAVIS To Mr. and Mrs.
Lawrence, 2711 Beal lane.
Central Point. Dec. 31, 1957,
a boy, 734 pounds, at Sacred
Heart hospital.
ANDERSON To Mr. and
Mrs. Martin, 204 Sunrise ave.,
Medford, Dec. 31, 1957, a boy,
6v pounds, at Rogue vauey
hospital.
McMILLAN To Mr. and
Mrs. Jackson, 1145 Spring st.,
Medford, Dec. 31, 1957, a boy,
63i pounds, at Rogue Valley
hospital.
30 Reported Killed in
India Train Crash
New Delhi (IP) An ex
press train smashed, into a
passenger train today at a
railroad junction.
First reports said 30 per
sons were killed and 100 in
jured. Some of the passengers
burned to death in a fire that
followed the collision.
The accident happened six
miles from Ambala, in Pun
jab, at the Morei station rail
way junction. The New Delhi-Pathankot-Janata
express
train was bound to Ambala,
while the passenger train
was traveling from Ambala
to New Delhi.
Weather
FORECAST
Medford and vicinity: Consider
able cloudiness this afternoon to
night and Thursday with occasional
light rain this afternoon and to
night and a few showers Thursday.
Occasional gusty southerly winds.
High todav 48-50. low tonight 38,
high Thursday 48 degrees.
Western Oregon: Increasing
cloudiness this afternoon with a
little light rain along coast.
Mostlv cloudv wiht a little rain
tonight and "Thursday. Not quite
so cool tonight. Low tonight 32-42.
High Thursday 44-50.
Northern California: Light ram
San Francisco northward tonight
and chance of light rain Sacra
mento northward early Thursday.
Otherwise partly cloudy through
Thursday. Little temperature
change.
LOCAL DATA
Temperature: Mean yesterday 35;
below normal 2.
Record high this date 65 in 1939.
Record low this date 11 in 1919.
Precipitation: 24 hours to mid
night 0. Midnight to 10 ajn. 0.
Total this month 4.22 in., 1.09 in.
above normal.
Total since Sept. 1 8.64 in .28 in.
above normal.
Humidity: lowest yesterday 71
highest this n. 95. -
High 4:00 24
City Yester- a.m. nr.
day Low Prec.
Brookings 60
Crater Lake
Grants Pass ....
Klamath Falls 31
MEDFORD 44
41
25
32
31
41
20
19
7
36
44
53
55
17
IS
70
46
42
Portland 46
Seattle 48
Spokane
. 30
37
. 59
- 55
53
5K
75
74
38
35
77
Yakima
Eureka
Red Bluff
Sacramento ....
San Francisco
Los Angeles
Phoenix
Denver
Chicago
IMtami
.05
.10
T
Njw York 49
Washington, D.C. 49
FIVE DAY FORECAST (Through
Jan. 6):
Western Oregon-Western Wash
ington Temperatures ave aging
above normal. Highs western Wash
ington 44-52. western Oregon 46-53.
Lows 34-46. PreciDitation moderate.
oc-euring mostly Sunday or Monday, i
Northern California Recurrent j
rain with snow in high mountains.
Temperatures above normai. )
Obituaries
LESTER F. ELLIS
Funeral services for Lester
F. Ellis, 56, will ba held in
the Zion Lutheran church,
Fourth st. and Oakdale ave.,
Thursday at 2:30 p.m. The
Rev. G. Herbert Hillerman
will officiate. Committal will
b in Siskiyou Memorial
park. The body will lie in
state until Thursday noon.
Mr. Ellis was born in On
laska. Wis., Aug. 11, 1901.
On Nov. 15, 1929, in Minne
apolis, Minn., he was married
to Margaret Bruins, who sur
vives. Also surviving are three
daughters, Mrs. Charles Gar
rett, Ashland; Mrs. Chester
Baker and Mrs. Dale Garner,
both of Medford; a grand
daughter; and three sisters,
Mrs. Esther Jack, Minneapo
lis; Mrs. Oris Holter, Minne
apolis; Mrs. Louis Lauritzen,
Santa Clara, Calif.
Honorary pallbearers will
include Anton Lausmann, Ed
die Glover, Stuart McQueen,
Earl Bigalow, and Gene
Champagne. Active pallbear
ers will include Paul Ryn
ning, Knute Lindgren, Hugo
Guenther, Arthur Scarseth,
William Gates, and Martin
Paulson.
Friends who wish, may in
lieu of flowers make a con
tribution to the Zion Luther
an church memorial fund.
OTIS G. TYRER
Yreka Otis G. Tyrer, 87,
of Hornbrook, Calif., died in
the Siskiyou Community hos
pital about 4 a.m. Tuesday.
Mr. Tyrer had been in the
hospital since Nov. 27 when
he suffered injuries in a fall
at his home. He was born in
Central City, Okla., May 1,
1870. He worked briefly as a
miner in the Colorado area
before coming to the Horn
brook area where he mar
ried Grace E. Williams Nov.
30, 1899.
He had lived in the Horn
brook area for more than 50
years. He served as a fore
man of a maintenance crew
for the California state high
way department for a few
years but worked as a profes
sional miner most of his life.
Mr. Tyrer was a life member
of the Knights of Pythias in
Yreka.
Survivors include his wife,
Grace E. Tyrer; two sons,
Charles (Eve) Tyrer, Sacra
mento, and J. O. Tyrer, Duns
muir; and " two grandsons,
Dick Tyrer, Sacramento; and
Michael Tyrer, Yreka.
Rosary will be recited at
8 p.m. Thursday in the Yreka
Funeral home and funeral
services will be held at 10
a.m. Friday in the Hornbrook
Catholic church. Interment
will be in the family plot at
the Henry Hornbrook ceme
tery. 17 Bodies Taken From
Lake in Venezuela
Maracaibo, Venezulea (IP!
Rescue teams have recovered
the bodies of 17 oil workers
who drowned in Lake Mara
caibo last Friday, officials
said today. One other worker
still was missing and was pre
sumed dead.
The workers were thrown
into the water when a 125
ton oil rig . collapsed on a
barge and capsized it at one
of the Shell Oil Company's
concessions to drill for oil
under the bed of the lake.
King-Size Tax Worry
For Minnesota Man
Fargo, N.D. IIP) W. E. El
liott of Moorhead, Minn.,
woke up today with a king
sized tax headache.
Elliott wrote a North Dako
ta newspaper he already pays
a Minnesota income tax and,
under a new law, may have
to pay a North Dakota tax.
Besides, he works for a Dela
ware corporation, takes or
ders from a Michigan office,
lives in Minnesota, works in
North Dakota for a firm
which also serves South Da
kota, and gets his pay check
from Wisconsin.
Perhaps, Elliott suggested,
he should quit his job and
seek welfare assistance from
all six states..
BMUY
and
OA IKY QUEEN
COFFEE SHOP
Will Be Open
TOMORROW -JAN. 2
4
Hours 9 a.m. to 6 p.m.
CLOSED TUESDAYS
450 S. Central
Stock Prices G3ip on Wide Swings;
Steadier Market Forecast for 1958
By ELMER C. WALTZER
United Press Financial Editor
New York OP) Stocks de
clined in 1957 for the first
time in four years after a five
month advance that all but at
tained the record high set in
industrial shares on April 6,
1956.
Three wide swings In the
trend of prices recalled, the
1929 boom-bust on a small
scale in volume. Otherwise
the market was a contrast to
1929. This was an adjustment
in an investment market.
Turnover in 1957 about
equaled the 566,284,172 shares
of 1956.
Only 12 per cent of the
shares listed turned over in
contrast with 1929 when 119
per cent of the shares was
traded. Actual 1957 dealings
involved S25 billion and ac
tual losses amounted to around
$3 billion.
But in the process of swing
ing down, then up, then down,
'and finally steadying on a
small recovery, the changes
in valuation of all the near
five-billion listed shares regis
tered fantastic figures.
From January 2 to Feb. 12
values dropped by $20 billion.
Then a rise lasting to July 12,
when the year's highs were
set, carried valuation up by
$32 billion. A precipitate de
cline lasting to Oct. 22, when
the 1957 lows were set, wiped
out $48 billion of values. A
subsequent $12 billion recov
ery left the value of all listed
shares down $24 billion for
the year.
One In Eight Traded
The 1957 decline from the
year's high to the low amount
ed to about 100 points in the
Dow-Jones industrial average
or about 19 per cent. In 1929,
the drop from the high to the
low was 48 per cent.
Average daily trading in
1957 of 2,250,000 shares con
trasted with the 1929 turnover
of 4,276,808 shares daily.
Valuation of all listed
shares at the 1957 high set at
mid-year was around $230 bil
lion against the 1929 top on
Sept. 1 of $89 billion. In 1929
shares listed reached one bil
lion for the first time. In 1957
they approached five billion.
The 1957 turnover of only
12 per cent meant that only
one share out of each eight
listed was traded during the
year. The other seven were
tightly held by investors, big
and little.
If the 1957 market were to
have equaled the 1929 one in
turnover of listed shares, the
daily sales would have had to
run to 22,576,944 shares on
average. That's more than 10
times the 1957 actual trading.
In early 1957, the market
was 'bedeviled by talk of de
pression. Some Washington of
ficials talked of a "hair curl
ing depression" if the budget
weren't cut. And budget cut
ting talk frightened traders as
much as the depression talk
that accompanied it. Tight
money was driving down
bonds and casting a pall over
stocks which also suffered
from the Middle East prob
lems. The result was a decline
in prices.
Pinch Brings Sellin?
Then depression talk sub
sided and inflation seemed to
be having a bigger play.
The market went up stead
ily until TJuly 12 when at its
peak the industrial average
was only 0.28 about a quar
ter point under the all-time
record of 1956.
About that time tight money
was having its effect and ap
parently could no longer be
ignored. Business was slack
ening and its profits were be
ing pinched by high costs
which could not be recouped
in selling prices. This could
and did in some cases mean
lower dividends. Selling set in
and prices fell fast. The de
cline accelerated when Rus
sia put satellites into orbit.
Presiden t 'Eisenhower's
health was a market factor
twice his "stomach ache"
of June 10 and his "mild
QUEEN
stroke" Nov. 26.
Washington revealed the na
ture of the latter 20 minutes
before closing time on Nov.
26 and in that third of an hour
the market turned over at an
hourly rate of three million
shares with prices breaking
sharply mere than" nine
points in the industrial aver
age and values falling by
more than $5 billion. Next
day the market more than
made up its losses but many
investors were hurt.
Right then Wall Street ap
parently concluded that the
President's health henceforth
probably would have less in
fluence than in the past on the
market. It had swayed prices
since the heart attack market
of Sept. 26, 1955, when in
dustrials had their second wid
est drop in history 31.89
points most since the mar
ket of Oct. 28, 1929, when the
drop was 38.93 points.
Nixon Influence Rising
Market experts said that
while the president was very
highly regarded in business
and financial circles, Vice
President Richard Nixon could
be an able successor. As Ger
ald M. Loeb, a senior partner
in the brokerage firm of E.
F. Hutton Co. put it: "The
rising star of Vice President
Nixon will have more and
more influence." .
Late in 1957 the market
was chilled from time to time
by such developments as a
drop below 70 per cent in
steel operations, poor earnings
and lower freight movement
for the railroads, talk of poor
reception for the 1958 auto
models, and a fear that retail
trade might not measure up.
But the market had been
well liquidated. When it hit
the year's lows on Oct. 22
many investors including
some big ones like mutual
funds and institutions con
cluded the selling had been
over done. The industrials had
closed that day at 419.79, a
new low since May 18, 1955
and rails at 107.21, a new low
since June 9, 1954.
On Oct. 23, buying went
wild helped not only by the
belief the market was a bar
gain, but also by a statement
by President Eisenhower
warning against over-pessimism,
and the successful fir
ing of a Jupiter missile which
to some extent offset Russian
propaganda on its missile ex
ploits. The result was that the in
dustrial average soared 17.34
points on Oct. 23, the widest
rise since Nov. 14, 1929 and
the rails, up 5.91 points, had
their best gain since Sept. 22,
1931.
Later the Federal Reserve
System reduced the discount
rate which was seen as the
herald of easier money. Stocks
improved and bonds moved
up sharply with Wall Street
predicting a bull market for
bonds.
Anticipation of easier
money was a major factor in
the outlook for 1958 in the
market. Economists had is
sued some not unfavorable
predictions on industry in the
coming year and Wall Street
STARTS TODAY - CONTINUOUS
JOHN
WAYNE
SOPHIA
LOREN
ROSSANO
BRAZZI
UKT UkSZMAt SOMA MOSCt
breathed easier. But the mar
ket still held some difficulties.
First of all investor confi
dence had been shaken to the
point where it was believed
some time might be required
to restore it. Secondly, there
was no indication a profit
pinch on industry would soon
end and this in turn brought
the belief that dividend pay
ments would be smaller.
Business predictions were
that the first half of 1958
would be marked by further
recession. The economists be
lieved that smaller outlays by
industry for plant expansion
and improvement would be
made up by higher defense
spending and possibly by
some make-work schemes.
An upturn was forecast for
the second half of the year
slow at first and then with a
spurt in the fourth quarter.
Market experts, taking their
cue from this picture saw
some further uncertainties for
the share list earljftn the year,
a steadying in the third quar
ter and a good rise in the final
three months of the year.
They believed the market
would set its lows in the late
winter or early spring and its
highs in the late months of
the year.
Some believed that when
the market finally got into
action on the upside the lead
ership would center on issues
which currently are in -the
least demand. This group in
cluded the steels, rails, chemi
cals, and base metals. Rail
roads were hard hit most of
the time. That group last
about 33 per cent on the year.
Coppers were sold heavily
when the price of copper
dropped on over-production.
Credit never a serious
matter for stocks was a
factor nonetheless since it in
fluenced business and bonds.
The stock market was aided
"by a 70 per cent margin re
quirement which meant that
the decline brought out only
moderate amounts of forced
selling in contrast with 1929
when the speculation of the
time was done on a shoe
string. With credit for stock trad
ing shinking there was talk
that the 70 per cent margin
Falling Plywood
Kills Eugene Man
Eugene (W A 28-year-old
plywood worker, Lemuel
M. Davidson, Eugene, died of
injuries suffered when a stack
of green plywood fell on him
Tuesday afternoon at the Multi-Use
Panel corporation plant
just north of here.
Ivan Taylor, plant super
intendent, told the Lane
county coroner's office that
Davidson had just finished a
rest period and was walking
by the stack returning to
work when it suddenly tip
ped over and pinned him to
the ground. The accident oc
curred about 2 p.m.
He died soon after arrival
at a Eugene hospital. Surviv
ors include his wife and two
small children.
f?H7S llffiW ftm KM)
Bld-5r La
Wdniay, January 1, 1958
requirement might be reduced
at least to 60 per cent or
even to 50 per cent early in
1958.
Despite this prospect and
the indication that business in
1958 will set a high level
overall, the market still faces
a test of its Oct. 22 lows, ac
cording to the experts. If it
meets that test without setting
new lows a fairly good rally
might come, the experts as
sert.
If, however, the old lows
of around 419 in the indus
trials are broken there is a
chance the market will go
below 400 in that figure. Some
predict a possible 385. Once
having made its test, the mar
ket is expected to level off
and move narrowly with se
lectivity the key note as it
was through 1957. No big rise
is foreseen. Some set the top
for the year at 470 about 50
points under the 1957 high.
Two Killed in Crash
South of Harrisburg
Eugene (IP) Two teen-age
boys were killed and another
was injured when their auto
mobile went out of control
and crashed through a guard
rail on the Highway 99 bridge
just south of Harrisburg about
7:25 a.m. today.
State police identified the
dead at Kenneth Waldo Jones,
17, and Larry Gene Baird, 18,
both of Oakland, Ore. Billy
Donald Granford, 17, Oak
land, was injured and brought
to Sacred Heart hospital here.
Police said the Granford
youth's injuries were not be
lieved serious.
Riot Follows Choice of
Nuevo Laredo Mayor
Nuevo Laredo, Mexico (IP!
Police took over headquar
ters of the Independent party
today following a riot which
killed one person and injured
several others.
The riot broke out yester
day in front of the town hall
when officials announced the
election of official party can
didate Luis Trevino Tena as
mayor of this border commu
nity. Backers of Independent
party candidate Tomaciano
Echavaria started a demon
stration and then battled Tre
vino Tena supporters.
PLUS SIX GUN ACTION
: Trooper
: Hook
FROM 1:00 P.M.
NOW PLAYING
;ujy 1
1
rmrii II
MEDFORD (OREGON)
Russia ILDecBared
Pushing Forward
On Reclamation
Washington (TP) A Demo
cratic senator warned today
the United States is "rapidly
losing out" to the Communists
in another "vital area" affect
ing national defense water
resources development and
climate control.
Sen. James E. Murray (D-
Mont.) said the Soviets are
putting "more effort and em
phasis" on irrigation, hydro
electric, flood control, and
water transport programs
than they are on missile and
satellite development.
Murray, chairman of the
Senate Interior committee,
said Russia has been announc
ing "fantastic" plans for such
projects to cover vast areas
and for "even changing the
climate of whole provinces."
He called on President Ei
senhower to give the matter
his immediate, personal atten
tion -to prevent the Commu
nist bloc from further "out
stripping" the nation in water
development.
Concern Over Budget
The senator made the state
ment in a new committee re
port to the President compar
ing U. S. progress in the field
of water resource develop
ment with that of Russia and
Communist China.
The report, issued Tuesday
night, was prepared at Mur
ray's request by committee
consultant Michael W. Straus.
It came at a time when Mur
ray and other western legisla
tors were expressing concern
over reports that funds for
reclamation projects will be
cut sharply in the budget for
the 1959 fiscal year.
Straus, reclamation com
missioner under Franklin D.
Roosevelt, said Russia and
Red China are "driving for
EEQJQX7
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KAIL TRIBUNE ELEVEN
ward river and water resourca
development programs that
are overtaking those of tha
United States."
He said a recent Federal
Power Commission study
shows that during the period
from 1948 to 1956 Russia in
creased its overall power-generating
capacity by 137.8 per
cent, compared to a 96.8 per
cent increase for the U. S.
in the same years.
He said that the sources h
consulted in preparing the re
port were "unanimous" in
agreeing that the Communists
are "out-stripping" the U. L
in water development. .;
Vast Soviet Projects
Straus said a review of "of
ficial literature and propa
ganda" from Russia shows
"fantastic announcements of
plans for vast irrigation enter
prises involving such items as
600-mile canals, reversing
enormous rivers, cutting
through or removing moun
tain ranges by atomic blasts,
and even changing the climate
of whole provinces."
Briton Sees Nuclear
War Ending Humanity
London (IP( Prof. Cecil
F. Powell. Nobel prize-winning
British physicist and
president of the World Feder
ation of Scientific Workers,
warned today that a nuclear
war would be the end of civ
ilization. In a New Year's message ta
scientists, Powell said, "Life
for any survivors would hava
little or no relation to life as
we know it. It would likely
mean a great break with all
that has been built up by humanity."
r..:iii--'
for the New Year
.
JEFF DONNELL- MAIi I IIA DILI
FEATURE
25c
STARTING
SUNDAY
ee AjfDSESAWOi'.
.
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: 7 "-"J
v.s vn
AT LAST THE ONE
EVERYONE'S WAITING FORI