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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 27, 1958)
TEN MEDFORD (OREGON) MAIL TRIBUNE Thursday. February 27, 1958 No Runaway Rise In Market Predicted By Wall St. Experts By ELMER C. WALZER United Press Financial Editor New York IP Some of the leading services are looking lor the recession to level out. which c o u Id V I 4 U Plk 1 is cnmms to i cut me j are wary about predict ing a quick upturn. There will be a per iod of uneven with some in dustries up and some down. t V if i J Elmer Waizer moving along Wall Street experts regard this as highly favorable news although they aren't predict ing any runaway rise in the market. Some think there may be declines well below present levels before a base is reached for a broad re covery. Here are th favorable statements coming to light thus far: Will Determine Timing Prentice-H all: "Bottom of the recession is approaching. It's being accelerated a bit by the frigid February in most areas of the country. This has cut sharply into production, construction and trade." Standard & Poor's: 'The present business situation is one in which consumption is exceeding production. How long this process will require to reduce inventories to the point at which accelerating liquidation is no longer a business depressant will large ly determine timing of the absolute low of this recession. "Just when that point will be reached is difficult to say. It may very well by next month. While the liquidation o f inventories apparently slowed down in December by force of circumstances rather HILTS Visitors Are Listed By MRS. M. E. CAVIN Hilts Mr. and Mrs. E. E. Gibson of Dead Indian Springs rd. visited at the home of Mr. and Mrs. Robert Ferguson and son last week. The birthday of Carleen De Clerck was celebrated Satur day, Feb. 15, by serving cake and ice cream to her grand parents, Mr. and Mrs. Carl Yates of Yreka and Mr. and Mrs. Henry De Clerck, her uncle and aunt Mr. and Mrs. Henry De Clerck Jr., and children of Yreka and Janet Cavin. Mr. and Mrs. Charles Wil cox and Sheldine Wilcox of Ashland were Sunday guests at the Don Wilcox home. Mrs. R. M. Cavin and daughter Marcia, and Mrs. Frank Benson and daughter, Janet, attended the Valentine tea given by the WSCS of the Methodist church in Horn- brook Feb. 13 where Marcia and Janet played several se lections on their accordions. was M. G. King who received a cut on his hand. He was taken to Ashland for medical aid. Mr. and Mrs. Evan Maupin of Callahan were week end guests at the home of Mr. and Mrs. Joe Caston. Mr. and Mrs. Ernest Span naus visited last week end at ithe home of their son-in-law and daughter, Mr. and Mrs. Harold McFerrin, and son, Terry, in Redding. Mr. and Mrs. Frank Graves attended a meeting of the Hornbrook Irrigation Ditch -company at the Grange hall ; In Hornbrook recently. Saturday night guests at the home of Mr. and Mrs. Don Wilson and family were Mr. and Mrs. Joe Perry and chil dren and Perry's daughter, ;Donna Lee, of Eugene. Mr. and Mrs. Rodney East man and daughter, Paula, visited in Yreka Saturday at the homes of Mrs. Agnes Cunial, Mr. and Mrs. Bus Perry and family and Mr. and Mrs. Gino Cunial and family. Mr. and Mrs. Bill Baudy of Eugene were recent visitors at the home of Mr. and Mrs. Dick Williams. A family dinner was held recently at the home of Mr. and Mrs. Fred Haynes honor ing the birthdays of their son Freddie, and daughter, Vir ginia Luper, and the wedding anniversary of Mr. and Mrs. Haynes. Freddie Jr., wife and chil dren live in Redding. Mr. and Mrs. Luper and children are local residents. Leno Fogiatto spent several nights recently at the home of Wynenma Hallon in Montague. Mr. and Mrs. Walt Laustalot and sons spent last week visit ing relatives in Redding and Anderson. Dick Rose injured his leg while working Friday. He was taken to a Redding hospital where a specialist will deter mine the extent of his injur ies. Rose was taken to Red ding by the company ambu lance. Also requiring the use of the ambulance on Friday Brownie Scout Troop 223 combined a Valentine party and an investiture service at their meeting on Feb. 14. Re ceiving pins and membership cards were Lynn Rae Marin and Sharon Martin. Each Brownie is to be presented with a World Association pin on her birthday. Girls receiving pins for the month of February were Clara Williams, Carleen De Clerck, and Gail Gould. Chocolate hearts and candy hearts in favor cups were pre sented by leaders Mrs. Robert Preston and Mrs. Gilbert Lu per, and each girl finished her Valentine project to take home. Cookies and punch were served. Visitors were Mrs. William Wiley and Mrs. Tony Marin. The February meeting of the Hilts PTA was held Thursday in the cafeteria room at the Hilts Elementary school. A Founders Day pro gram was presented by the fifth and sixth grade students and their teacher, Mrs. L. E. Jeter, in the form of an old fashioned schoolroom with questions concerning the founders of PTA. Mrs. Audomar De Clerck acted as teacher. Two songs. America" and "School Days," were sung by the group. Five girls from the seventh and eighth grades gave the candlelighting cere mony. They were Pamela Mendes, Shirley Jerry, . Imo gene Super, Pat Fox, and Judith Rife. At the close of the program the business meeting was held the main business of the evening was the presentation of a life membership pin to William Tollis, who has been active in youth activities, scout work, Sunday school and PTA work. Tolles is in charge of employment at the Fruit Growers Supply com pany." . A record player has been purchased for the school by the PTA, the 1956-57 project. A summary of the plans for the card party was given. Maria Michelori, Mrs. Rodney Eastman, and Mrs. Robert Fremd, were appointed as nominating committee for the officers for the coming year. Mrs. L. E. Jeter s fifth and sixth grade room won the popsickle treat for having the largest percentage of parents present. Hostesses were Mrs. Vern Burns, and Mrs. Orval Rife. Girl Scout Troop 224 and leader, Mrs. Don Ward, drove to Yreka Saturday to partici pate in the Folk Dance festi val honoring Girl Scout Thinking Day held at the Yreka High school gym. The Hilts troop danced the Grand Square dancer Other troops a warm friend . . . y rour neighborhood Mobilheat man ...call today! "S & H Green Stamps with Mobilheat" MEDFORD FUEL CO. Court 4 McAndrews - Tel: SP 2-2111 Grange Notes SHADY COVE GRANGE Ted Tidwell, Oregon's 1957 International Farm Youth ex change delegate to India, will speak Saturday, March 1, at 7:30 p.m. at a meeting of the Shady Cove Grange at the Shady Cove school gym. Tidwell returned to the United States in early Janu ary after spending four months 'with farm families in India. His home is on a 2,790 acre farm near Dufur. All persons interested in the program are invited. The Grange meeting will follow Tidwell's talk. than management choice, it seems to have accelerated again in January and will probably be at a rapid pace this month and next." Alexander Hamilton In stitute: "In the field of gen eral business, there are a few encouraging signs even though there are an increasing num ber of poor earnings reports, dividend reductions, and soft er copper and petroleum prices. "Steel scrap prices are ris ing, the decline in steel out put is at least temporarily halted, inventories are declin ing,, however slowly, and this latter item is important to renewed business activity. "Federal spending is having only a psychological effect on the market now as it is real ized that earnings from such operations are of a long rather than short-term na ture." In First Stages Prentice-Hall warns that in ventory turnabouts in steel and a few other areas will be matched by continuing inven tory and production weakness in lines lrke autos and mach inery, and it notes that the capital goods recession is in its first stages,- and now being amplified by spending cut backs larger than originally planned. "For the full- economic re vival," P-H says,- "massive government action via high er spending andor lower taxes will be needed to count eract the loss of many of the p 6 s t-war replenishment off sets that were available In the 1948-49 and 1953-54 reces sions." Standard & Poor's also noted that the inventory cor rection maynot soon be re versed. In some , lines, non ferrous metals for example, it notes, considerable time will be required to bring the sta tistical position back to a healthy state. "And the usual pattern is to go to extremes of correc tion. "In the aggregate, neverthe less, the most severe effects of inventory paring are probably being seen rights now." The smallest telephone company in Michigan today erwood comnany In the Ujvj per Peninsula. The company- is the Trout Creek and Cald- serves 27 customers. THE HIGH PROTEIN PET FOOD pets Iovq Bonnie Upper Applegale Grange The proposed initiative measure regarding power de velopment in Oregon, which is being sponsored by the Oregon State Grange, will be the theme for an open meet ing of the Upper Applegate Grange at the Grange hall from 8 to 9 p.m. Friday. Feb. 28. Speakers will be present I to discuss both sides of the j issue, and the public is invit-! ed. The regular session of the Grange will follow. Through an error, the sub ject for this meeting was pre viously announced as "Water Resources." Grace N. Pearson, Publicity Chairman Lindsay Crosby Signs Recording Contract Hollywood OP) Lindsay Crosby, son of crooner Bing Crosby, today looked forward to following in the footsteps of his famous singing father. Young Crosby Tuesday be came the second of Bing's sons to embark on a singing career. He signed a long-term recording contract with RCA Victor. His brother, Gary, al ready has a contract. Lindsay, 20, will record when he's home on furlough from the Army or on week end passes, according to Rob ert Yorke, manager of RCA's West Coast operations. taking part were Grenada, Yreka and' Ft. Jones. Election of officers was the business of the day at the regular meeting of the Hilts Community club Thursday, Feb. 13, at the club room in the Communit;- center. Elect ed was Mrs. Frank Graves, president? Mrs. Gilbert Luper, vice-president; Mrs. .M. G. King, secretary; Mrs. Art Blanchard, treasurer; Mrs. Art Hartman, Mrs. Joe Caston and Mrs. Ethel White, board of trustees. Others present were Mrs. Itala Marin, Mrs. Fred Haynes,' Mrs. Ozzie Bern heisel and Mrs. Ernest Span naus, the outgoing president who was presented a bone china and sugar bowl and creamer in appreciation of her services. The Valentine motif was carried out in the form of heart shaped jello salad and heart shaped score cards. Prizes wre won by Mrs. F. Haynes, high, Mrs. 1 1 a 1 o Marin, second high, and Mrs. M. G. King, low. Each room at the local school with the help of the room mothers and teachers had a Valentine party the aft ernoon of Feb. 14. Cake, ice cream and punch were served after the distribution of the valentines. The Contract Bridge club met at the home of Mrs. Frank Granes Thursday, Feb 20. Birthday , cake and coffee were served in honor of the birthday of Mrs. Bill Wiley, who was presented a gift by the entire group. Present were Mrs. Ernest Spannaus, Mrs. Al Simmens, Mrs. M. G. King, Mrs. Art Blanrhard, Mrs. Art Hartman, Mrs. Frank Ohlund of Yreka, and Mrs. Malcolm Robinson of Montague. Mrs. Paul Greene's Music club held their regular meet ing at her studio in Horn brook, Saturday. Pupils from here attending were Marcia Cavin, Janet Benson. Robert Laustalot, Judith and Linda Fremd, Pat Fox, Marilyn Thompson, and Paula Eastman. Mr. and Mrs. Sid Zeigler i and family,' who have been j residing in Yreka moved this1; week end into the house for-' merjy occupied by the Roy I Brannum family. I WE ALWAYS SELL THE VERY FINEST MEATS -VEGETABLES - FRUITS AND GROCERIES AT THE LOWEST POSSIBLE PRICES!! EVERY PURCHASE GUARANTEED OR YOUR MONEY BACK! - Phone SP 2-7137 - SHOP WEEK DAYS - WE ARE CLOSED SUNDAYS Ad Prices Effective Thursday Evening Thru Saturday, 6:30 P.M. 222 WEST MAIN AGAIN AVAILABLE DEL ROGUE Tomato Juice In 303 Size Tins J (UJ Tins. CRISCO IE 3 LB. TIN mm VELVE1TA CHEESE 2-lb. loaf MORRELL'S SNACK Luncheon Meat TINS 00 PURE STRAINED mm 5 ib. 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