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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 8, 1958)
Railroad Industry Difficulties Seen In Stock Market Me: DFORDftll RIBUNE MEDFORD, OREGON, WEDNESDAY, JANUARY 8, 1958 v M 47" BY ELMER C. WAL2ER United Press Financial Editor New York TP The S25 billion railroad industry has been having tough sledding tor a long ' JV time. Its difficul ties have been rsf lected in the stock market, to the detriment of the whole list. Last year the rail aver age touched timer YVaJzer 95.67, a new low since Jan. 11, 1954, and closed the year ft 96.96 off 56.27 points or about 37 per cent. Wall Street knows all about the rail problems profit-wise but it is in the dark about the real causes and what re medies can be found. Hence the interest in the financial district in hearings to begin next Monday on the rail problems before a sub committee of the House In terstate Commerce Committee. That set of hearings is 76 Crashes Hurt 10 in Past Month Medford police listed 76 traffic accidents with 10 in juries and one death during December, according to the released report. The report showed there were 176 open doors, 46 open windows, 13 open safes. 11 open gates and 104 night lights out during routine checks of business firms dur ing the evening by police Police listed 81 vacation house checks during the month. Police reported 154 park Ing violations were recorded during December. Violations included parking on the wrong side of the street, in a post office zone, two hour zone, restricted zone, improp er parking, in driveway, in an alley or all night truck parking. Police also reported issuing 2,065 meter tickets. Sixty-five violations of the basic rule were reported dur ing the month and 39 were cited for no Oregon Driver's license. No stopping at a traf fic signal or sign accounted for 58 citations during the month. Fifteen citations for inadequete equipment were issued and 18 void vehicle license citations were issued. I bringing together a galaxy of I stars of the railroad official firmament who wil tell the Congress committee just what is wrong with the railroads and what should be done about it. Record Number To Talk There'll be 20 railroad pres dents testifying a record for any set of hearings in the memory of old-timers in the street. To the chartists the only groups that exist in the mark et are the railroad and the in dustrial. To give a clue to the direction of the market one group's action must confirm the other. For example if the indus trials make a new high, the rails must confirm this move by making a new high. If they do it means more bull mar ket, and vice versa. With the rail sick the market could do little on the chart theory. If the rails were well, then hopes would run high for the bulls. Railroad problems are many and varied. They have as much trouble getting rate cuts and they want them oc casionally as they do in get ting rate increases. They have a rate increase plea in the mail right now. Competition has been keen for the nation's roads not only from the other methods of transportation such as trucks and airplanes, but also from private automobiles which have decimated the passenger business. And not a little of the com petition has special treatment which will be stressed at the hearings. A spot check of railroad leaders shows that despite the recent fall in car loadings and earnings the railroads aren't in the dumps. In fact, the reports are they are lining up their forces for an allout fight for a reassessment of their difficulties with action on remedies. And, they think they'll run into a sympathetic Congress now that business in many lines in the nation needs bolstering. ASSScA- fff . & J AMERICAN MOTHERS ENTER RED CHINA British Red Cross representative Joan Lamb (left) escorts three American mothers to the Red China border at Hongkong where they went behind the "Bamboo Curtain" to visit their sons held in Chinese prisons on espionage charges. Left to right: Miss Lamb; Mrs. Philip Fecteau, Lynn, Mass.; Mrs. Mary Downey, New Britain, Conn.; Mrs. Ruth Redmond, Yonkers, N. Y.; and William Downey, other son of Mrs. Downey. Big Tax Cut Said Needed To Bring Confidence Washington (IP) A former i Eisenhower administration of i f icial said today, "we are drift : ing into Socialism" and a big tax cut is needed to restore business confidence. This view was expressed by Lqthair Teetor, former assist ant secretary of commerce for domestic affairs, in testimony prepared for the House Ways and Means committee. Teetor, now an official of the Perfect Circle Corp., Hag erstown, Ind., appeared as spokesman for the Indiana State Chamber of Commerce. The committee is considering proposals for tax revisions. Prospects are dim any major legislation will result this year. Teetor rejected the view expressed by administration officials and congressional leaders of both parties that the government can't afford to grant general tax relief now in view of the need for increased defense efforts. "All we ha'e to do," Teetor said, "is to cut the non-essentials so we can afford the essentials." Teetor also indicated he feels his old boss Secretary of Commerce Sinclair Weeks may be optimistic in pre dicting an economic upturn in mid-summer. Mothers See Sights During Canton Stop Canton, China (Via Tele phone to Hong Kong) OP Three mothers, the first Amer icans ever to enter Commu nist China with State Depart ment blessing, went shopping and sightseeing in Canton Tuesday, still not knowing when they will be allowed to see their sons in Chinese prisons. Their activities were de scribed to United Press in a telephone call- by William Downey who is accompanying his mother, Mrs. Mary Down ey, New Britain, Conn., to visit his brother, John, 27, serving a life sentence in Pei ping. "We went sightseeing to day," Downey said. "We were taken by the Chinese Red Cross. Downey said he and his mother and Mrs. Philip Fec teau, Lynn, Mass., expect to leave for Peiping by plane Wednesday. Mrs. 7eteiu's son, Richard, 30, is serving a 30-year sentence. Mrs. Ruth Redmond, Yonk ers, N.Y., whose son, Hugh. 38, is under life sentence, will leave for Shanghai, Downey said. NORFIELD'S January Clearance FRIDAY See Thursday Paper Regular $47.95 to $52.95 Value 45 Piece Sets VERNON WARE SPECIAL! Tickled Pink o Heavenly Days Sherwood o Rose-A-Day Zb 2 Limited Stock Come Early or Phone SP 2-9331 or SP 2-4089 a.y.v.vAi j.uvj.i j l g.i.i.itwwiawi:wi:4v E . J Most Surgeons Feel Early Ambulation of Patienf-s Desirable SINGER DIES Ocean Grove", N. J OP Charles Massinger, 62, musi cal comedy and concert singer, died Monday of a heart at tack. Massinger had been a leading tenor with the Cleve land, Buffalo and New York Symphony orchestras and the Philadelphia Civic Opera and Cleveland Opera association. BY DELOS SMITH United Press Science Editor! New York tlPI A survey of, 85 American hospitals re vealed that just about all surg eons now be lieve in get ting patients on their feet quickly after ope rations, but a large number are i n consistent or afraid in p u t ti ng the belief into practice. Dr. Daniel J. Leithauser, Detroit, a pioneer advocate of exercising surgical patients, conducted the survey and ap peared somewhat dismayed at the results. For instance, some of his colleagues let patients decide when and whether to Delos Smith CO mimm SALE OF UNWANTED ITEMS Further Reductions Taken V CHECK THIS LIST V Living Room Furniture 1 3-Piece Quilted Sectional AOO 0s. 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Leithauser believes that Is "the surgeon's responsibility," and not "the patient's desire;" he believes surgical patients should be required to walk not only on the very day of their surgery, but as soon as they have recovered from the anesthetic. Most Don't Walk But only 3.5 per cent of the hospitals reported that pat ients were required to walk that quickly after operations, and only 9.8 per cent required patients to walk on the day of operation. Walking on the day after surgery was most com- tnon (43.4 per cent), but 4.3 per cent reported patients were not asked to walk until four or more days afterward. Reporting the results of his survey to the technical organ of the American College of Surgeons, Leithauser remark ed that surgeons now were all but unanimous in agree ing early walking caused no ill effects,' prevented a num ber of post-operation com plications, and hastened the recovery of patients. "Nevertheless, only a small minority of surgeons practice early ambulation in a way that will be of most benefit," he continued. He thought this was due to an insufficient general under standing among surgeons of what is accomplished by "early ambulation" and how this walking should be ap plied to patients. Leithauser said it should be "vigorously" applied. He himself began studying its beneficial effects in 1932 and has been apply ing it to patients since 1938. It has been in general use since about 1942. Get Out of Bed The best results, he said, are obtained when the pat ient is required to get out of bed and wajk as soon as he recovers from the anesthetic. "If he shows signs of fear or is reluctant to cooperate, two or three ambulatory per iods in rapid succession are very effective in overcoming the difficulty," he said. "Dir ecting the patient to walk up and down a flight of stairs, or to do bending exercises also alleviates fear rapidly. "Usually a patient should be required to walk once every hour during the first four hours after recovery from the anesthetic. - By the following day, most patients require little or no supervi sion, except the constant re minder to walk frequently. Patients will . not be too active, no matter how much prodding they receive." Plagued Day And Night with Bladder Discomfort? Unwise eating1 or drinking mar he B source of mild, but annoying bladder irri tations making you feel restless, tense, and uncomfortable. And if restless nights, with nasaing backache, headache or mus cular aches and pains due to over-exertion, strain or emotional upset, are adding to your misery don't wait try Doan's Pills. Doan's Pills act 3 ways for speedy re lief. 1 They have a soothing effect on bladder irritations. 2 A fast pain-reliev-ing action on nagging: backache, head aches, muscular aches and pains. 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Then you'll join the thrift-wise 20 Million Americans who have $40 Billion saved profitably, safely with a Savings and Loan Association. Spring your idle funds into earning action. Bring them in by January 10th. Funds here by that date earn from January 1st. Gain an extra ten days on 1958 earnings. Plan now for your family's next payday! i V jpipi y & LOAN ASSOC 126 East Main Medford SAVINGS ATION "Where You Are Paid To Save" A dividend at the rate of VA per annum and an extra dividend at the rate of Wo per annum has been declared for the six month pe riod ending Decem ber 31, 1957.
