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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 10, 1958)
TWELVE MEDFORD (OREGON) MAIL TRIBUNE Friday, January 10. 1958 Accounting Firm Urges Restudy of Research Program By ELMER C. WALZER New York HP Corpora tions soon will be Issuing their annual reports in profusion "! and as us- ual there are the com plaints that complexi- tics of a c i counting are U X Vlthe imer ttaizer too much for the average stockholder. Accountants themselves are well aware of the limitations of accounting and the need for new methods to make their work better understood. Alvin R. Jennings, presi dent of the American Institute of Certified Public Account ants, urges a restudy of the institute's research program with a possibility of creating a research foundation to be financed by industry and the accounting profession. The function of the re search organization," Jennings says, "should be to carry on continuous examination and re-examination of basic ac counting assumptions and to develop authoritative state ments for the guidance of both industry and our profession." God, Country Badge Scheduled for Scout Cave Junction The God and My Country Boy Scout award will be presented Mike Hanby, 16-year-old Life scout of Illinois Valley Troop 20, at a special ceremony Sunday, Feb. 9, at the St. Matthias Episcopal church in Cave Junction. Only one such other award has been given to an Illinois Valley Scout. Hanby, son of Mr. and Mrs. Douglas Hanby of Cave Junc tion, is the only Scout in the troop to qualify for the badge. In 1952, Don Preston, son of Troop 70 Scoutmaster Meryle Preston, received the honor. He is now a practicing minister. MESSENGER' STOPPED Washington (IP) An elder ly man from Cleveland, Ohio showed up at the U. S. Capi tol Thursday shortly before President Eisenhower ar rived to make his State-of-the- Union address. The man whose name was withheld was taken into custody, ques tioned by Secret Service agents and released. They said he cleamed to have message from the Lord" for the President. Sleek Sfep-ln SIZES 9042 10-13 . From January-through-July, you'll adore this molded sheath that compliments your figure every inch of the way. Note box-pleated bodice, step in buttoning. Choose cotton, faille, wool for this Printed Pattern. Printed Pattern 9042: Misses' Sizes 10, 12, 14, 16, 18. Size 16 takes 31a yards 35 ireh. Printed directions on each pattern part.' Easier, accurate. - Send FIFTY CENTS (coins) for this pattern add 5 cents for each pattern for lst-class mailing. Send to Marian Mar tin, care of Medford Mail Tribune, Pattern Dept., 232 West 18th St., New York 11, N.Y. Print plainlv NAME. ADDRESS with SIZE and STYLE NUMBER. Jennings brings out the problems of the accountant in giving a clear picture of a cor poration through a balance sheet which he explains must be considered, to a large ex tent, as historical in character and largely the reflection of individual judgments. He feels that the accounting profession must increase its efforts to educate those who depend upon financial report ing as to the nature of finan cial statements and their un avoidable limitations and of the accountants' function as independent certified public accountants. Each year the various stock exchange houses try to ex plain to their clients how to read annual reports. There are vast amounts of material available on this subject but the experts continue to bewail the fact that very little of it is read. Waste of Money Not a few corporations have been finding to their utter horror that the beautifully printed and illustrated reports their companies issue aren't even looked at by the stock holders. One company found this out when it enclosed the quar terly dividend check with their report. Many of its stock holders complained they did not get the dividend check and when pinned down admit ted they had thrown the en velope into the waste basket without reading it. Hence, market men who do read the reports say the big problem isn't in explaining the intricacies of the report on the basis of the handling of figures, but it is getting the stockholders just to take a look at the report. Reports answer many questions stock holders are likely to ask. ! State Hospital Parolee Captured Salem HP Salem police Thursday caught a 23-year-old parolee from the Oregon State hospital minutes after he had robbed a Salem gro cery store at knife point. Clifton Gene Pulley, Win ston, Ore., was paroled from the hospital March 1. Police caught him about four blocks from Kay's mar ket where he had taken about S100 in cash. Mrs. Floyd McNall, wife of the proprietor, said Pulley entered the store about 12:15 p.m. and demanded money He then locked her in a back room, but let her out when customers approached the store. Mrs. McNall was able to whisper to one of the custom ers to go next door and call police. Pulley took the money and fled before police arrived but was caught four blocks from the store. Gambler Not Willing To Testify Havana (IP) New York gambler Jose "Joe Rivers" Si- lesi says that District Attor ney Frank S. Hogan, who wants to question him about the murder of Albert Anasta sia, can "drop dead" for all he cares. SiJesi complained bitterly Thursday night about the 48 state alarm Hogan broadcast asking local U.S. authorities to try and locate him and an other galmbler, Santo Traffi- cante, who is also in Havana Hogan s office knew 1 was in Cuba a month ago, the 61-year-old Silesia said in an interview. "If he wanted me to ppear, he could have asked me. "I would have cooperated willinply then, but now that he's given me the blast, let him drop dead." MANN'S NOTIONS DEPARTMENT J I SrJ j"K FUSS r r: no I": CHAIK Cost lets Than Th Uiual Pric Of 0n Alteration ' GUCSS jU fife VIQK COMPlfTE U PIN-IT Skirt Morktr (or yowf fothion-rigrtt hemlinei. Pint loc through (obric four lim won't (ell ow. Uif by million of Kth fiod hom.wrj end profei-tienoJt. L. . .. -Piece DRESSMAKER'S MARKING KIT Trace Pattern Marks k Make Tailor Tacks .1 You get th. famout MARK-KITE Wing Wheel ond th. N E W in. g.niout TAILOR TACK-IT. With this kit you can traco and tailor lock. Mark both pieces of fab ric at th Mm tint. Con- plat with 8 hts of drsimakr' carbon Da- pr and cardboard shield. 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Order on for your tmH while tkey last 3 length-professional .size Precision made Hand-set for smooth catting Hand ground, polished and set Fully chrome plated Guaranteed by Foremost MEDFORD Standard Announces Fuel Oil Price Cut San Francisco OP Stand ard Oil Company of Califor nia has announced a 20-cent a barrel reduction in the price of heavy fuel oils throughout the Pacific states because of "general improve ment" in the fuel oil supply situation. A new miniature battery, about the size of a paper clip, is said to deliver a steady flow of current for 176,000 hour. AIRLINE PACT SIGNED Moscow (IP) The West German Lufthansa Airline and the Soviet civil airline Aeroflot have signed an agreement under -which each will honor tickets issued by the other line. The pact sign ed Thursday is similar to one signed by Aeroflot with other Western airlines which do not provide flights to Moscow. A West German source said the agreement was a first step towards di rect flights between West Germany and Russia. Irrigation Districts Paul t-uioertson was re elected president of the board of directors of the Medford Ir rigation district recently. Also reelected was J. G. Cameron, vice president, and Jack Hoff- burn, secretary-manager. Homer Moore was reelect ed president of the Talent Ir rigation district recently. Evan Rasmussen was elected vice president, replacing David Holmes. MEDFORD PRESENTS EW 2-PIECE ENSEMBLES FOR SPRING oo LOVELY CARDIGAN BOLERO... Trimmed with trapunto braid ing worn over a matched motif sheath, is just what the fashionable lady dreams about. Pink, Blue, Beige, Mint, Navy, Coral. Inspired in St. Croix, Virgin Islands. Half Sizes and misses sizes DYED TO MATCH SWEATER DRESSES Orion sweater with magic embroidery, combined with rayon linen. The wonderful fitting V-neck sheath is at home in the tropics as it is in your own town. Dress and high bulk orlon sweater have been Hand Embroidered. Blue, Beige, Pink, Mint. 17.98 Half Sizes 12K-22K -and misses sizes 2nd Floor SPRING WOOLENS JUST ARRIVED . . . READY FOR SPRING SEWING! 100: WOOL WONDERFUL WASHABLE PASTEL PLAIDS . . . 60" wide 3.98 yard 0M'ftftl ml IfVVL dim ORLON Deering Millikens Lorette in Spring shades, skillfully blended of 55 Wool and 45 Orion that can be washed. Use for pleated skirts, children's outfits. 60 inches wide 3.98 yard O WOOL and NYLON FLANNELS Pastels in 60-inch wide blends. Dress or skirting weights. O WORSTED FLANNELS Ideal for Spring suits hard finished, 60 inches wide, 100 wool. 4.98 yd. 6.98 yd. YARDAGE DEPT. STREET FLOOR JANUARY 1 only GREENLAND BLUE DYED RED FOX FUR COLLAR COAT, light grey, smartly styled Regular 135.00 Value Now 99.50 1 only 100 CASHMERE COAT Reg. 89.00, Now 52.00 Jersey Printed Blouses with 3A sleeves Dressy and casual style dresses in wools, crepes and taffetas. Broken sizes. 7.98 values at 5.99 Reg. to 19.95 10.00 Reg. to 29.95 15.00 Reg. to 39.95 25.00 Children's Sleeper thru size 4. Green and maize. Girls' Blouses, pink, blue and white. Few Ivy League checks. 1.29 3-piecc 1.98 1.29 2.50 values FULL FASHIONED HOSE SEAMLESS HOSE Reg. 1.25 Now 89c pr. Reg. 1.35 Now 99c pr. Crescendo gloves leather tailored of wonderful wonder fabric, washable. Assorted sizes and colors. Regular 3.00 - Special 2.19 11 Only Ladies better handbags. Biege and brown. Regular 6.98 to 12.00 Now 3.99 to 6.00 Fake Fur Jackets. Broadtail and Leopard. Assorted sizes. Regular 10.93 - Special 4.98 Carded Buttons. Large assortment of styles, sizes and colors. 10c Cards Now 5c - 25c Cards Now 13c SPECIAL! Assorted Jewelry. Regular 1.00 Now 59c plus tax Regular 2.00 Now 1.00 plus tax SEE SPORTS PAGE FOR THE MOST SENSATIONAL ONCE-A-YEAR OFFER OF MEN'S MADE-TO-MEASURE SUITS FOXCROFT SHEETS & CASES 72x108 - 81x99 So much value for your money. Guaranteed for not less than 100 washings. Polyethylene wrapped. It's a mirac ulous offer no other sheet offers this test. This guarantee is fully backed by the famous name Foxcroft. Full Size, 81x108 1.89 Fitted Twin Size 1.79 Fitted Double Size ' : 1.89 r i i r ii ii a it 1 ii II II W JUUL JLMLJ SALE' --------------V----------.-- ..v. A ....J.-.-.-..J.w.-.-.-.-.w.-.-.-f.--.-.-.-.-A-.-.-.-.V.-. ...... 11 79 0.'a CASES, 42x36 44c CASES 42x38'2 1.20 WAMSUTTA SHEETS Here is the ultimate in fine sheets. x Known th world over for over 100 years. Wamsutta means just one thing - SUPERCALE. A lustrous, lovely 200 thread . .count percale sheet in silky sheen white, finished as only the finest sheet could be. Offered for sale at these prices only during our January White Sale in both flat and fitted styles with plain hems. 72xl08-TWIN, reg. 5.45 NOW 4.45 81xl08-FULL, reg. 6.35 NOW 5.35 TWIN FITTED BOTTOM, reg. 5.45....NOW 4.45 FULL FITTED BOTTOM, reg. 6.45 ....NOW 5.45 POLY-FOAM MATTRESS PADS "S V " V ' ' r-2 j ITS Vf -Z f '7 The new .lightweight soft foam extremely durable resistant to acids, cleaning sol vents, or dry cleaning fluids. Tear resistant Retains shape and will not mat Cushions bumps and buttons, helps give comfortable rest Washable, clean, fresh, comfortable Stays delightfully cool even in summer heat Nonallergic, nontoxic, absolutely dust free " Lowest prices ever Full Size reg. 5.48 3 33 Twin Size reg. 3.98 2 33 Lower Floor MEDFORD
