FOURTEEN MEDFORD (OREGON) MAIL TRIBUNE
Monday, January 13, 1958
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READY FOR NEW ROLE Actress Jayne Mansfield
models the pink lace gown she will wear when she is
married to muscleman Mickey Hargitay in Palos Verdes,
njar Hollywood. Charles LeMaire designed the gown.
Industrials, Rails
Decline on Average
During Past Week
jr.
1
Elmer WaUer
, By ELMER C. WALZER
United Press Financial Editor
New York IP) Industrial
and railroad shares declined
on overaee during the past
f ' yrl week on the
Jt-.Jtr- i-" stork market
Stan dard &
Poor's index
of 500 stocks,
but more is
sues gained
than lost
among those
traded.
The appar
ent anomaly reflected the fact
that a few key issues of the
industrial group fell a point or
two and only a few rails had
wide declines, each group
falling after one good day of
advance.
It was a quiet market a
daily average volume of 2,
230,680 shares, against 3,266,
795 shares in the previous
week which included two days
of 1957, and 2,371,810 in the
corresponding week of last
year when industrials fell 4.44
points an rails gained 0.91
point.
Also, the trading narrowed
to 1.387 issues, lowest since
the week ending Nov. 8, 1957,
when there were 1.379 issues
GOP Committee
Reported In Red
Washington (IF The Repub
lican National committee
wound up 1957 in the red. it
has been revealed. Its
Democratic counterpart fin
ished with a small surplus.
The GOP committee had a
deficit cf S303,912. It received
$827,112 in contributions and
spent SU31.024.
The Democratic committee
had a 56,766 surplus. It re
ceived $824,535 in contribu
tions and spent S817.769.
The figures were disclosed
in financial reports filed with
the clerk of the house, as re
quired by law.
The Republican committee
received S779.775 in gifts of
$100 or more and 547,336 in
less than SI 00. Thus, more
than six per cent of its contri
butions were small.
The Democratic committee
received 5543,795 in contribu
tions of 5100 or more and
$177,990 in less than S100. Not
quite 33 per cent of this total
was in small gifts. This com
mittee also listed a little more
than S102.000 in "other re
ceipts." Cost of converting sea wa
ter to fresh water is reported
to have been reduced from
$1.50 to 60 cents per 1,000
gallons.
I?y Builders Supply
i3jiW QUALITY
ifijt BLOCKS
I ff Bricks, Flues,
jp Drain Tile
i'VL' w McAndrews
Ph. SP 2-4107
Daily's U-Drive
Medford Airport
Jayne Mansfield,
Mickey Hargitay
To Marry Tonight
traded. Of this week's total,
724 gained while 529 declined
and 134 held unchanged.
The industrial average
touched a high of 447.79 where
it was about 2 points under
the recovery high of Nov. 29,
and closed the week at 438.68,
off 5.88 points from the pre
vious week.
Rails closed at 100.16, off
3.27 points on the week after
touching 103.28, less than a
point away from its Nov. 29
close.
Utilities touched 70.23, a
new high since July 25, 1957,
and closed the week at 69.94,
up 0.48 point.
Some of the utilities made
new highs for 1957-58. Alto
gether, 34 issues on the board
set new 1957-58 highs while
16 made new lows.
Leadership in volume went
to the aircrafts of which there
were six issues in the 20 most
active stocks. Top position
went to North American Avia
tion with General Dynamics
second, Standard Oil N. J.
third. Bethlehem Steel, fourth
and General Motors, fifth. ,
As the week ended the mar
ket was slightly higher than
it was at the end of December
up 2.99 for industrials, up
3.20 for rails, and up 0.36 for
utilities.
On Tuesday, industrial is
sues spurted 5.23 points, fea
tured by defense issues which
spurted when President Ei
senhower asked for more than
a billion dollar addition for
missue development, mere
was another rise in the de
fense group before the Presi
dent delivered his state of the
union address. That address
disappointed the inflation
minded and a decline set in.
That decline carried over
into the Friday session which
resulted in substantial losses
in the averages.
Most of the aircrafts man
aged to show gains, running
to more than 3 points in Ben
dix Aviation.
Steels lost as a group with
Lukens off more than 4. Good
year fell 4, in the tires'. Corn
ing Glass was down nearly 5
in its section and other build
ing issues receded.
Probably the hardest hit of
any minor group was the drug
section where losses ranged to
7 points in Smith, Kline and
Frencl .
Metals, still suffering from
price weakness, were de
pressed, many to new lows.
Chrysler fell more than 2 in
the motors. Cement shares
netted some good gains on
road building talk. Oils were
unsettled by price troubles.
Palos Verdes Estate, Calif.
1P Platinum-tressed Jayne
Mansfield packed her bikini
less trousseau today in a flur
ry of last minute prepara
tions for her wedding tonight
to Mickey Hargitay, former
Mr. Universe.
The nation's favorite pin-up
girl will exchange vows with
the broad-shouldered Hargi
tay in a candlelight ceremony
at the modernistic Wayfarer's
chapel of the Church of New
Jerusalem at 8 p.m. (pst).
The Rev. Kenneth W. Knoz
will conduct the non-denominational
rites.
Jayne's mother, Mrs. Harry
L. Peers of Dallas, Tex., is
matron of honor. Best man
will be Ross Christina, Indi
anapolis businessman.
Two-Year Courtship
The glamour girl's marriage
climaxes a two-year courtship
and follows the finalization
of her divorce last Wednes
day from Dallas public rela
tions man Paul Mansfield.
Famous for her plunging
necklines, the 24 -year -old
bride says she will not take a
bikini swim suit (the trade
mark that launched her ca
reer) on her honeymoon. Her
wedding gown is also con
servative a high-necked,
long-sleeved creation by
Charles LaMaire, wardrobe
director at 20th Century-Fox
studios.
Six ushers, all employees
of 20th Century-Fox, where
Jayne is under contract, will
seat 100 invited guests.
Among those receiving pink
invitations to the ceremony
were a glittering array of lu
minaries, including the Jack
Bennys, Bob Hopes, Buddy
Adlers (Anita Louise) actor
Steve Cochran, the Bob Cum
mings, Joan Collins, Jack
Warner and Darryl Zanuck.
Gov. Goodwin J. Knight
! sent regrets that he would be
unable to attend.
Only Personal Friends
"I've invjted only personal
friends, from hairdressers to
producers," the smiling bride
said before leaving for the
church. "They come from all
walks of life. A lot of them
are newspapermen."
"Mickey and I want a seri
ous, beautiful wedding, Miss
Mansfield declared. "We
don't want a lot of fuss or
publicity. I'm so happy I hope
nothing spoils the solemnity
of the occasion."
Immediately following the
ceremony the couple will fly
to Dallas where a reception
will be held Tuesday at the
Peer's home. Wednesday the
newlyweds will fly to Miami,
Fla., to honeymoon at the
plush Eden Roc hotel until
Jan. 19.
COPCO BONUS
ALLOWANCE ENDS
JANUARY 15th,
SO DON'T DELAY!
JANE MANSFIELD and Mickey Hargitay are shown
tueu weuaiHg garments shortly before their marriage
raios v eroes, California. (International Soundvhatoi
in
in
Official Elected
By Teamster Group
Portland 0PI Lew Cornel
ius, Portland, has been elect
ed secretary-treasurer of the
Oregon Joint Council of
Teamsters. He election gave
the council executive board a
four-to-three margin of offic
ers who opposed the election
of James R. Hoffa as national
president.
Cornelius succeeds R. R.
Mikesell of Vancouver, Wash.,
who no longer represents his
local on the council.
Council members also elect
ed Fred Lowe, Eugene, as re
cording secretary, succeeding
Clyde C. Crosby, international
organizer who resigned to de
vote full time to the interna
tional union. Lowe, a Hoffa
supporter at the Miami con
vention, defeated Ward Gra
ham of Salem for the post.
What Is The Law?
This column is prepared as a public service by the
College of Law, Willamette University, Salem, to
explain basic legal principles not to provide legal
advice. The reader is cautioned not lo apply these cases
to his own problems without an attorney's advice, for
differing facts may change the outcome.
A new telephone permits
five persons to confer, re
quires no operator and offers
90 combinations through a
dial. It can also handle in
coming and outgoing calls.
Joe Doaks drew a $50 check
payable to "Cash" and used
it to pay his gasoline bill. The
check was so drawn that a
figure could be inserted be
tween the dollar sign and the
figure "5." On the line where
the word "fifty" appeared
there was room to the left to
insert several words.
When the bank returned
the check with the monthly
bank statement, . Joe was
amazed to find that someone
had raised the amount to $150.
He immediately notified the
bank and investigation estab
lished that the bank had
cashed the check ' in the sum
of $150 after the "alteration
had been made by the un
known defrauder.
Later Joe discovered that
another of the checks re
turned with the bank state
ment had also been altered
and the amount raised from
$25 to $250. In this instance,
however, Joe had filled all
the blank spaces and the al
teration had been accomplish
ed by erasing the words and
figures and inserting the
amount of $250. The bank had
paid the full amount of this
check $250.
The Bank vs. Joe Doaks
Does the bank have the
right to charge Joe's account
for the full amount of each
check? In the case of check
No. 1, the present state of
the law permits the bank to
charge the account of the
check writer for' the full
amount of altered check No.
1 or $150. .
The contract of deposit pro
tects thfc bank under such cir
cumstances. An implied term
in the contract of deposit im
poses upon the depositor the
duty to use care in the draw
ing of his checks. The draw
ing of a check which invites
change by the simple inser
tion of words and figures con
stitutes a violation of this con
tract of deposit. A resulting
loss is chargeable to the writ
er of the check.-
However, if the check is
properly drawn (as was check
No. 2) and the alteration is
made by erasures and substi
tutions, that is, under circum
stances where the check writ
er is not negligent, the bank
may not debit for the full
amount. Thus with check No.
2, the bank is authorized to
charge Joe's account only with
the $25 for which the check
was originally drawn.
GREATER SOVIET RISKS
Montgomery, Ala. Maj.
Gen. H. N. Toftoy, command
er of Redstone arsenal, says
Russia will take even greater
risks than in the past now that
she has the capability for
mass destruction. Addressing
the mid-winter conference of
the Alabama Department of
the American Legion Sunday
night, Toftoy said America's
monopoly on atomic weapons
in the past kept limited wars
localized, "but the situation
has changed."
CRASH KILLS ELEVEN
Lima, Peru (IP) A military
transport plane missing since
Jan. 8 has been found smashed
on a mountain peak in the
Amazonas province, the air
force announced Sunday. The
eleven persons aboard, seven
passengers and four crew
men, were killed.
It has been found that dis
ease germs can be made to
identify themselves by the
colors of their fluorescence
under ultraviolet light. It is
hoped that the speed of this
method may save many lives.
FUESInl
Social Affairs
0 Church Meetings
Office Parties
Fraternal Groups
Uub Meetings
Group Dinners
Festivals
- Receptions
C Carnivals
Picnics
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