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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 14, 1958)
52nd Year M EDFORD VV" rm n- f- ; v. Price 10 Cents Tribune 2nd SECTION MEDFORD, OREGON, FRIDAY, FEBRUARY 14, 1958 Pages 1-8 f - WARM GREETING is given Yemen Crown Prince Mo hamed El Badr by President Gamal Abdel Nasser at Cairo, Egypt, before conference on possible union of Egypt, Syria and Yemen into new Arab Republic. (International) BLENDSMEN SUPREME agree... ir trruh 10 1 1 vui;rtt io r YOUR DRINK... 4 GORDONS IS YOUR BRAND! Gordon's Vodka . die name that makes it better 80 PROOF MOS HEUTM1 SPIHR D1STHLQ) FROM EMIR EORMN'S DRY C!N CO.. LIB.. ufiDEN, N. I New Yorkers Turning Eye To Sky in Age of Satellites; Business Good By DOC QUIGG United Press Correspondent New York IP) Since the satellite race sputniked over the horizon, our eye is on the sky in this tall town. Space happy doings are sprouting all around. The heavens are being haunted. A local astronomer has whipped up a $1.95 "do-it-yoursell satellite pathfinder," which is reported doing a brisk business among mamas and papas as well as small fry. Enables you to figure when a satellite will orbitize your locality. Does your brainwork. No training need ed. And at the local planetari um, a place a-bustle nowa days as never before, 200 New Yorkers have started a five week course in "man-made satellites." This includes the basic principles of rocketry, orbits, manned satellites, and speed needed Jo escape the earth's fell clutch. Interplanetary Music The astronomer in charge says the students have asked questions ranging from "what direction does the moon's axis point?" to "Why don't you give us tables so we can take notes?" The latest finger thrust into this new-found pie in the sky is the release of two "inter planetary "music" records by an outfit that furnishes back ground music for radio, TV, and the movies. But the range of this other-worldly tunes manship leaves one wondering just what is the mood of outer space. The ditties of the inter planetary records run from "weird, frightening, suspense- ful, ghastly phenomena to note tnat xne state chosen celestial, visionary, dream at- Texas for this space experi mosphere." Some of the des- ment has long been in an or ignations are: "Heavy, un-1 bit of its own and admittedly earthly, orimitive world ! out of this world. scenes outer space atmo sphere swirling, cosmic disaster and volcanic erup tions" Merciful heavens! The young airman squeezed into the make-believe space ship on a let's-pretend moon trip down in San Antonio has a much more agreeable idea of the proper music to Sput nik by. The reports say he chose Gershwin and Cole Por ter tunes to be piped to him. Incidentally, history will Speaking of states, Cali fornia leads all the rest in the sale of the aforementioned do-it-yourseli pathfinder for satellites. New England is sec ond and Chicago is "third and gaining steadily." These gad gets, consisting of two rota table disks on a base card, have been sold in book stores, museums, and planetariums across the country for three months and sales are nearing a half million. Wall Street Studies Old Argument About Discounting Future By ELMER C. WALZER United Press Financial Editor New York (IP) Wall Street again has before it the old argument on whether or not the stock mar ket discounts- the future. If it does, then the mar ket should rise on the basis of an expected im provement in jobs in March Elmer Walzer as noted by President Eisenhower, say the opponents of that theory. Those who hold that the market does discount the fu ture say the market is not JSfiiffis first. . JJut fflis finest ! It was more than twenty years ago that he drove his first Cadillac car home and since then he has re enacted that event more than a dozen times. Now here he is arriving once again with the newest version of the "car of cars". And as often as he has experienced this happy homecoming, he has never found it more satisfying than it is today. For here, as he has already discovered, is the finest expression yet of all the things a Cadillac can be! Here, beyond any question, is Cadillac's traditional leadership in styling and in luxury at its emphatic best. Here, too, is Cadillac's great heritage of fine per formance brought to a new high level of perfection. And here is Cadillac's exclusive Fleetwood coach crafting . . . and Cadillac's world-famous value . . . and Cadillac's great soundness of investment . . . all advanced in their fullest possible measure. Certainly then, you owe it to yourself to see and drive this new Standard of the World. Your dealer will be delighted to arrange for an inspection of your favorite Cadillac whether it might be the Sixty-Two Coupe or the Eldorado Brougham. VISIT YOUR LOCAL AUTHORIZED CADILLAC DEALER Tinhf ihtt Wan in Snfgf.v Aim Your aeaduahta Lterv n mdow of Lveru Cadillac is Safety rlate ijiass lot " " n - j .7 - - v - " Your Authorized Cadillac Dealer in Medford is SKINNER - BUICK - CADILLAC 143 S. RIVERSIDE Phone SP 2-6264 convinced there will be tn upturn in business as fore cast by so many experts. Regardless of the argument on discounting, the fact re mains that investor confidence hasn't been restored, and that many are more than eager to sell stock each time the prices get up to levels where they can get out of the market even or with a little profit. Considerably Different The current situation is con siderably different from what it was a year ago at this time. The market set new lows on Feb. 12, 195? at 454.82 in the industrials and 139.23 in the rails. Then prices ran up steadily until July 12 when the in dustrials hit 520.77 and the rails 152.51. That rise was accompanied by steadily tightening money all around, and finally the tight money took hold with the result that the market turned down. Industrials lost just about 100 points by Oct. 22. Rails set their 1957 low on Dec. 24. This year a rally lifted in dustrials to 458.65 on Feb. 4 and rails hit 111.16, the latter contrasting with the 1957 low of 95.67, a new low since Jan. 11, 1954. ... Strong Barrier But the 450-460 barrier proved too much. Those who had been locked in in the market sold stock and once the market failed to get across the 460 level the decline picked up momentum. Wall Street believes the ad ministration will continue to push for economic recovery along with the Federal Re serve authorities who are ex pected to take further action to ease money. But the experts say a change to' easy money takes time to become a real force in the recovery just as tight money took a long time to wipe out inflation. Meantime, the market is worried about business con ditions and looking for things to get considerably worse be fore they become better. Talk continues the 1957 low of 419.79 jn the industrials will be tested and a few predict the average .will break 400 before a real base is formed for a recovery. AMHERST RESEARCH Amherst, Mass. (IP) Am herst college received $160, 000 for basic research in sci ence during the academic year ended last June. The largest grant of $80,000 was received from the U.S. De partment of Health, Educa tion and 'Welfare for biologi cal research. Gas lights were used in the streets of London as early as 1807. MONEY - - Af Crater Finance you may borrow for any worthwhile purpose on your FURNITURE - AUTO SALARY and repay in monthly -installments. You may choose the terms most suit able to you up to 24 months. Loam May Be Paid in Advance er in Full at Any Time Crater Finance CORPORATION 135 Pine St.-Central Point Phone NO 4-1273 Frank Wilkinson, Mgr. Open Saturday 9 a.m. to Noon Monday, 9 a.m. to 7:30 p.m. Tues. thru Fri., 9 am. to 5 p.m. Grange Notes Gold Hill Grange There was a fair attend ance at the last meeting of Gold Hill Grange Feb. 6, but those present spent an inter esting evening. There was much discussed and many decisions made in the business meeting. Reports were made by various chair men. Chauncey Page, al though not a farmer, always gives the latest news and mar ket reports. Interesting items were contributed by the edu cation and legislative chair men, Dorothy Eskew and Al va Walker, and others. Lucy Edington, HEC chair man outlined her committees for future Lions club dinners, and reminded all women of the Land Bank association dinner coming up Wednes day, Feb. 26. The literary program op ened with a roll call, re sponded to with incidents, an ecdotes and items of inter est on the life of Abraham Lincoln. , There was a short humor ous skit "Drugstore Busin ess," starring Betty Molloy, Jessie Hayes, Ruby Quaken bush and Alva Walker. The main feature of the program was ,the reading of a narrative on the life of Ab raham Lincoln with Vada Page narrating, and illustra ted with tableaux. Musical setting was contributed by the chorus, and pianist Dor othy Eskew. Those taking part in the tableaux were Charles Foote, Hal Bishop, Ruby Quacken-1 bush, Mildred Wright and Myrtle Reel, with Willie Mc Lean in charge. Attendance prizes were won by Alva Walker, Willie McLean, Hal Bishop and Ruby Quackenbush. CHERRY PIES and Other Favorites $sy PHONE SP 2-5985 - ALPHA'S PIES Delicious . Pa,tri. 334 $outh Qrap s PRE-INVENTORY SALE i All Sale Items At Clean - Out Prices Don't Miss These Terrific Bargains" ek Books - Gifts - Records 217 E. 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And hero's America's lowest price by far for a matched automatic Wash and Wear Laundry Pairl Special Low Prleeo During Thlo Evont FRIGIDAIRE RATED No.l WASHER plus thi "Wrinklcs-Away" DRYER For Both -With Trad Washer alone . . $169.95 WITH TRADE Dryer alone . . . $159.95 Rated No. 1 Washer for cleanest clothes, lint removal, and driest spin 3-Ring Agitator Action genteif for ell fabrics o Ends messy wet drip-drying , 1 i Tit 4 Pal.d Ns. 1 In t.m el tlx Uodiro automatic washers und.r controiitd laboratory corairiom. by U. S. T.itins Co.. I pc. Rworts ir2123 and JT29123-A. doted May 2, and May 10, 1957. "Wrinkles-Away" drying erases wrinkles without ironing o Perfectly matched new Sheer Look PLUS Styling. Porcelain enamel finish on washer tub end dryer drum. Portability kit optional at slight extra cost. i i urn ILeaDmisiirdl EHecctf iriiE (Cap 309 EAS'i MAIN Medford's Leading Appliance Dealer for the Past 27 Years PHONE SP 2-4427 O
