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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 7, 1958)
Many Investors Buy Funds on Definite Investment Plan By ELMER C. WALZER United Press Financial Editor New York (IP) In the past three years the mutual funds have produced a half million stock holders who buy their funds on a d e f i n ite in- vestment plan. There are two types of plans in volved, name ly voluntary Euner vTaizer accumulation plans which have no specific time period and contractual plans which call for agreements to pur chase mutual funds in a fixed dollar amount on a monthly or quarterly payment basis for a specified number of years. The National Association of Investment Companies has 'just completed a survey which shows that accumula tion plans on mutual funds now accounts for about 20 per cent of all mutual fund shareholder accounts. This contrasts with only 10 per cent three years ago. Total value of all accumu lation plans on mutuals stood at $870 million as of Nov. 30, Arguments About Elvis' Deferment Irk Draft Officer Memphis, Term. (IP) Mil ton Bowers, chairman of the board that ordered Elvis Pres ley drafted in March, is "fed up to the teeth" with argu ments about the board's decis ion. Letters are his problem a flood of them, airing the pros and cons of the rock 'n roll entertainer's being drafted I andor about his 60-day defer ment to finish a movie. Some of the reaction is coming by telephone, disturbing Bowers' sleep. "A crackpot called me after my bedtime Saturday night," Bowers grumbled Sunday, !'and complained that we : 'didn't put Beethoven in the Army.' Not an American "Not considering the fact ' that Beethoven -was not an American and has been dead for some time, I suppose he felt we were discriminating against rock 'n roll music. "I told him we put Mr. Ei senhower in the Army and that ought to count for some thing. Then I asked him how old he was and when he told me 52, I asked him how he got so stupid in 52 years." The reaction is about even ly divided, Bowers said, but it's the complaint that really burn him up. Called Bunch of Goons "One woman in a letter Sunday called us a bunch of damn Southern goons," he said. "Well, she's the one who's a goon." "I talk about Elvis more than I sleep," he added. The draft board chairman said he figures that a draft board member in Kentucky who resigned rather than draft mountain boy- after hearing of Presley's defer- ment is "a fool." "With all due respect to El vis, who's a damn nice boy," Bowers said, "we've drafted people who are far, far more important than he is. After all, when you take him out of the entertainment business, what have you got left? A truck driver." FATAL MISFIRE Charleston, S. C. (IP) A young hunter accidentally shot and killed his sister Sun day while carrying out his father's safety instructions. Officers said William Ray Hunter, 14, was preparing to unload his rifle when it fired, killing his sister, Sylvia, 15. JUST HOW TENSE ARE YOU? Do minor problems and disappointments bother you mors than they should? Do people have trouble getting along with you? Is rt hard to stop thinking of your anxieties? Are you suspicious of people, even your own friends? Do you sometimes have a feeling of being trapped? If your honest answer to several of the above is "yes," it's time to take a good look at your present state of mind. A new free booklet, "How To Deal With Your Tensions," written by top experts in the field of psychiatry, offers 11 simple, practical steps you can take to aid in handling your fears and anxieties. Send for your copy today. Write to: Better Mental Health, Box 2500, New York 1, New York. Published as a public service in co-operation with The Advertising Council and the Newspaper Advertising Executives Association. 1957, or about 9V4 per cent of the total assets of the 140 mutual fund members of the Association. Popularity Increasing The Association said that both voluntary and contrac tual plans showed steadily in creasing popularity among in vestors, and noted that as of Sept. 30, 1957, contractual type plans represented 30.9 per cent of all accumulations, and voluntary plans 49.1 per cent. The average amount invest ed each year by investors in both types of plans was slight ly higher than $400, accord ing to the survey. The total amount of money invested in accumulation plans each quarter increased from $25 in the third quarter of 1954 to $64.70 in the third quarter of 1957, the survey showed. This amount was di vided almost equally between the two plans. Stock Exchange Plan Popular Wall Street men note that investors like the use of plans similar to the ones used by the mutual fund companies. The New York Stock Ex change's monthly investment plan has been doing very well, according to estimates made in the financial district. The actual figures on 1957 are not yet available, but they are expected to show that smal linvestors weren't too hasty to sell their hold ings in the recent decline. Purchase of stock on the monthly investment plan isn't instalment buying. There is actual stock sold each time the investor makes a pay ment, so that the overall re sult is true dollar averaging. As long as the little fellow does not become panicky and sell he builds up a good little nest egg for the future, ac cording to market men. The M-I-P is a lot of work for the brokers but they say it's worth it to make new stockholders who will be come bigger customers . as their earnings and savings in crease. Alias Poised for Another Firing Cape Canaveral, Fla. (IT) - A brawny Atlas intercontinen tal missile, mightiest so far prepared by the United States in reply to Russian rocket threats, was poised again to day for firing some time this week. Harsh winds lashing the Cape and its great steel mis sile towers were expected to continue at least another day, however, and could delay the first test launchings of the new year. Best guess for triggering of the blunt-nosed, 90-foot Atlas was Wednesday, the day after Congress reconvenes to con sider the staggering sums needed for bolstering the na tion's defenses in particular the guided missile develop ment program. Myrtle Creek Youth Killed by Gunshot Myrtle Creek, Ore. (ID Raymond Gene Shelton, 19, was killed instantly about 12:10 p.m. Sunday at his par ents' home when a rifle in the hands of a younger cousin accidently discharged. Coroner L. L. Powers said Eugene Ralph Shelton, 17, the dead youth's cousin, had been loading a .32 caliber rifle behind the Shelton house when the gun went off, strik ing Raymond in the back of the neck. The dead youth was the son of Mr. and Mrs. Ray Shelton. The accident occurred three miles southeast of Myrtle Creek. Hartford, Conn (IP) Five minutes after he reported for work on a new job, Frank Adamisik fell 75 feet to his death. TheyH Do It Every WAS THE DRMMS FDRCc BEHIND THE OFFICE IRLSJ MEET AT EACH OTHER'S HOUSE CLUB IAiDt iSUOWS ABOurNiCr7wti . iKtH I'M MAKltiS A Hrv HSI AID! e-.HOYV5 4 BOUT i ts. MPMlNS SORT OF A CLUB? WE COULD MEET OUCt A WEEK AT EACH OTHER'S HOUSE-NOW, WHO WANTS TO HUt-i-' THE FIRST MEETING r GOLD HILL PTA Meeting By MRS. CLYDE KELL Gold Hill "How can we keep our teachers?" will be the topic for a group discus sion at the Gold Hill Parent Teachers association meeting this Thursday evening, Jan. 9, in the Hanby school gym nasium. Norman Gail will lead the discussion, according to Mrs. Walter Doherty program chairman. Mrs. Norman Gail, school music teacher, has planned special singing, which will be presented by the Sing sters Chorus, made up of fourth and fifth grade young sters. Other music will in clude two piano solos by Charmaine Doherty. Fifth grade room mothers will be in charge of refresh ments for the evening and will be assisted by other mothers of fifth grade pupils. Miss Dorothy Schonemann recently visited in the home of her parents, Mr. and Mrs. Ted Schonemann, before leav ing for a Christmas cruise to Acapulco, Mexico, aboard the S. "S. Lurline. Miss Schone mann is a social directress for Matson Steamship Navi gation company. Prior to her visit here with the Schone manns, she had been on a 42 day cruise to the South Pa cific on the S. S. Monterey. Bill Romberger of Golcon da, Nev., was a visitor in the home of Mr. and Mrs. Wil liam Force during the Christ mas week. He is formerly of Sutherlin, Ore. The Clayton Netzel family recently returned from Klam ath Falls, where they ' visited Mrs. Netzel's parents, Mr. and Mrs. Everet Jenning. Mr. and Mrs. Delos Walker and daughter, Linda, went to Eureka, Calif., . where they were guests in the home of her brother and sister-in-law, Mr. and Mrs. Lawrence Wills and family, over the Christ mas holiday. Mr. and Mrs. D. C. Mapel and son, Steve, of Central Point had . as their guests on Christmas Day, her parents, Mr. and Mrs. Earl Moore of Gold Hill and Mr. and Mrs. Darrel Greb of Medford. Mrs. Mapel and Mrs. Greb sisters. are Mr. and Mrs. Jay Noakes and family went to Vancouv er, Wash., where they spent Christmas with Mrs. Noakes' sister, Mrs. Don Carpenter. The Noakes family also visit ed his mother, Mrs. Ollie Noakes, and his sister, Mrs. Lila Jewell, of Portland dur ing the Christmas holiday. Bill Force of Portland spent a short time in Gold Hill be tween the Christmas and New Year's holiday. While here he visited his parents, Mr. and Mrs. H. D. Force, and other relatives. The home of Mr. and Mrs. Raymond Biles was the scene of a family reunion of the Robert Dusenberry family on Christmas eve and Christmas day. Mrs. Biles is a daughter of the Dusenberrys' and is the former Edith Dusenberry. There were 29 members of the family present, including the Biles son, Mitchell, who is serving with the Navy in San Diego, Calif., and Mr. and Mrs. Woodrow Kendal and four children, David, James, Jennie and Carry, of Springfield, Ore. Mrs. Ken dal is the former Iris Dusen berry. Mrs. Nora Wait and Mrs. Robert Sutherland of Sardine creek were also guests in the Biles home over the Christ mas holiday. Terry Cooper arrived home Thursday, Jan. 2, from Coos Bay, where he has spent three days visiting in the home of his uncle and aunt, Mr. and Mrs. Richard Rossie and with his cousin Gary Rossie. Mrs. Moore and Mrs. Ernie Cooper are sisters. Time s i J est cc ic M I IflBI WHO'S HAvlNA THE Wpv yZ I llffll MEETING ? It) HAVE rf f I Mi I If Sill AT MVHOUSE.BUTM4M4 1 S"VaM!Tl Iff HA IS SICK AND MV APART- 1 Scheduled Mr. and Mrs. Fred Day of Bremerton, Wash., spent one week during the holidays vis iting in the homes of his par ents, Mr. and Mrs. Bill Day, of the Upper River road and her parents, Mr. and Mrs. Floyd ' Taylor, Gold Hill. Christmas day guests in the Taylor home, besides their house guests were, Miss San dra Hougton, Mrs. Alberta Burshett and Willard, Glenn, Irita and Reba Taylor, all of Gold Hill Mrs. Floyde Taylor, presi dent of the Gold Hill Parent- Teacher association, stated that those who assisted her on committees prior to Christ mas at the school included Mrs. Allen Hilkey and Mrs Byron Brown, who prepared the candy for the Santa Claus treats. Assisting Mrs. Paul Thome and Mrs. Edith Thompson with serving the turkey dinner to the pupils were Mrs. Rollan Rosecran, Mrs. Jimmy Martin, Mrs. Hil key and Mrs. Taylor. New Year's day dinner guests at the home of Mr and Mrs. Fred Governor and family of Galls creek were Mr. and Mrs. James Moran and three children of Grants Pass, Mr. and Mrs. Elmer Baker and family from White City, Mrs. Ruth Davis and sons, Mr. and Mrs. Howard Baker and two daughters all of Rogue River, Mr. and Mrs. Ivan Governor and three daughters. Sardine creek, Mr. and Mrs. Mike Tepovac and Mrs. George Triller and two sons, all of Gold Hill. Mr. and Mrs. George Tril ler and sons, Mike and George, were hosts to a New Year's dinner held at 5 pm. Their guests included Mrs. Mary Triller of Grants Pass and Mr. and Mrs. Jim Martin and sons, Kenny, Jimmy and Gary, from Gold Hill. Grange Notes UPPER ROGUE GRANGE Upper Rogue Grange met Thursday, Jan. Z, witn wor thy Master Herb Carlton pre siding. A discussion was held and the Grange voted to have one meeting a month during Jan uary. February and March, that meeting being, the first Thursday of the month. Lady Assistant Georgia Greive, Flora Hazel Ulrich and executive committee members jHelen Axtel "and Bruce Grieve were escorted to the altar and installed by the worthy master. After the program, which consisted of songs, readings and some good New Year's resolutions by the members, it was decided, under the good of the order, to have a seating drill. All officers are urged to be present Thursday, Jan. 16, at 8 p.m. for practice. The HEC reported that their next meeting would be held at the home of Mrs. Ru della Mikleby Thursday, Jan. 9, at 1 p m. Each member is asked to bring her own table service. The rfext Grange meeting will be Thursday, Feb. 6, at 8 p.m. After the business meeting games will be played and each member is asked to bring at least one article for a prize. High scorer for the evening will receive a cherry pie. s BASE EXTENDED London (IP) Britain's Air Ministry has granted the U.S. Air Force permission to ex tend one of its Strategic Air Command bases despite pro tests from lo I authorities. The Air Ministry announced Friday that work on lengthen ing the main runway at Brize Norton Air Bace would begin shortly. It said the extension was needed "for the safety of modern aircraft using the air fields." Use Tribune Want Ads - By Jimmy Hatlo B9HB The CLUB HAS 6EEM 6QtibA VE4I? HOW Am THE 64LS K4VEM'T SEEM THE INSIDE OF MYM4HS FLAT VET MISS STEP Sestri Levante, Italy (IP) Schoolteacher Egle Abrami of Turin stepped off the back of an express train in a dark tunnel Sunday while looking for the dining car. Miss Abrami, 32, picked herself up and hitched a ride from a passing automobile to tne nearest hospital. She suffered only minor injuries. To Provide New Convenience in 1958! Already, hundreds of First National cus tomers have signed up for the "Firstomatic" Bank Savings Plan, authorizing the bank to deduct sums from their "operating funds" (checking accounts) and deposit them to savings. This plan, which also may be used for the purchase of 3 interest, 3-year maturity Sav ings Certificates, is a great convenience for those who desire a regular, automatic savings program. Budgeting for savings, just as you budget for other needs, is sound family fi nancing. You will find that Firstomatic makes savings budgeting easier than ever. You are invited to ask at any First National Bank Branch for more particulars about "Firstomatic Bank Savings" or the new 3 interest Savings Certificate. Through these new bank services, you can easily and con veniently help yourself to security while you help "Build Oregon Together." The Family Council Editor's note: The Family Council consists of a judge, a psychiatrist, three clergymen, a newspaper editor, a women's editor and two writers. Each article Is a summary of an actual report. The Family Council does not give advice; it merely reports on problems that have been dealt with by responsible agencies and counselors. Harry F. My wife is a per fectionist. Mary F. I .have a cham pagne taste. Harry F. I have the most wonderful wife in the world in some ways but she sure makes things rough on oth ers. . I guess you'll call her a per fectionist. Everything about us and our way of living has to be just right. She has spent much more money than we can afford in setting up a beautiful home. I think our home is beautiful and other people seem to think so too, but she isn't satisfied. She worries constantly because she thinks certain things aren't just the way she wants them. She's that way about cloth ing too. She fusses about her clothes and mine and then will send things back to the stores because they don't meet her standards. We are going to have a baby in a few months and I am begin ning to be afraid that the child won't meet her stand ards. Mary F. I have been told that I have a champagne jTT K.ATHMAL BALM EX Tuesday, January 7, 1 958 taste and a beer pocketbook, but I can't help it. If you love quality and beautiful things, you can't settle for the second-rate. It's not that I want real luxuries. I think I am being very reasonable when all I ask is that we make the most of the money we do have. This is often very dificult. It is so easy to make little mistakes that spoil everything. It's true that such mistakes drive me to nervous prostration, but what can you do if you really care very much? Harry things he's very funny about our coming baby, but he doesn't realize that I have read nearly every book available on child care and there isn't a chance in the world that our baby won't meet my standards. I hope to do a better job as a mother than I have as a homemaker. , The Council: We, too, hope that Mary will do a better job as a mother than as a homemaker. We think that her standards are not high enough. She is all too willing to settle for the second-rate, and worse. Most women want to have a lovely home, but if their MEDFORD (OREGON) MAIL TRIBUNE ELEVEH standards are truly high, they see that home has a back ground for a life of love and peace. When the background interferes with this main func tion of the home, it is all wrong. Mary's "champagne taste" appears to be on a rather low, materialistic level. She should try to cultivate a taste for the really fine things in life, the spiritual and emo tional values that can be achieved even with a "beer pocketbook." In her present state of "nervous prostration" she is cheating herself and her hus band of the better things. She is a modern "Craig's Wife" who throws away valuable love and energy for insensi tive objects. Mary's "perfectionism" will destroy her child if she does not come to terms with her self very quickly. This un born baby has not read the NORFIELD'S January Clearance FRIDAY See Thursday Paper THE FIRST NATIONAL BANK OF StalmioBt of Condi H oo DECEMBER 31, 1957 RESOURCES Cosh and Doe From Banks .5, United States Government Obligations, Direct and Folly Guaranteed Obligations of United States Government Agencies , ,,,,, State,County and Municipal Bonds and Warrants Other Bonds Stock in Federal Reserve Bank. , s , , s , , Loans and Discounts ii .m . Of this total $79,960,874.21 b wholly guaranteed or Insured by th United States Government or its agencies Interest Doe on Bonds and Loans and Accounts Receivable Customers' Liability for Letters of Credit and Acceptances Bank Premises, Furniture and Fixtures and Safe Deposit Vaults i( Other Real Estate Owned. 5 , , Other Resoorces ..!!,, TOTAL RESOURCES LIABILITIES rvrwvcitJ Demand : . . $468,304,648.64 I Savings and Time 320,264,362.45 Liability for Acceptances and Letters of Credit Unearned Interest on Discounted Loans Accrued Interest, Taxes and Expenses and Divi dends Payable 4 , , , Other Liabilities. ...ii ISi , Reserve for Possible Loan Losses ; v , , This reserve a to apply against any loan losses that may develop bi the future; It has not been allocated to any particular loan or type of loans. Capital...; s,S!is iiiit $ 20,000,000.00 Sorplos..iii.j5:i.-s,55, 30,000,000.00 Undivided Profits. 1 8,577,062.86 Total Capital Funds.... ..,(,, TOTAL LIABILITIES & CAPITAL FUNDS OF PORTLAND niT'f IUUD OIEGON TOGETHEr Mbr Federal Deposit Iniarance Cerperetien COLD JUSTICE Sullivan, Ind. (IP) Judge Joseph Lowdermilk threaten ed today to cite the Sullivan county commissioners for con tempt of court unless they warm up his court room. The temperature has been so low in court that Lowdermilk has had to wear an overcoat while on the bench. WHO EATS THE 6-10THS Chicago, 111. OPi Tee-Pak, Inc., a firm that makes skins for skinless frankfurters, pre dicted today that the average consumption of franks in the United States in 1958 will be 64.4 hot dogs per person. books on child care with his mother and may not respond exactly as he is supposed to. Harry has good reasons to be concerned. (COPYRIGHT 1957, GEN ERAL FEATURES CORP.) PORTLAND $ 157,534,517.89 202,831,269.71 26,542,804.13 78,135,475.05 700,000.00 1,500,000.00 C88,459,985.23 3,685,763.03 510,488.68 12,660,140.20 10.00 447,357.26 $873,007,811.18 $788,569,011.09 510,488.68 4,709,498.28 4,720,962.27 752,635.58 5,168,152.42 68,577,062.86 $873,007,81 1.18
