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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 28, 1958)
Little Fellows Give ' Tips on What To Do In Stock Market 1 ivna By ELMER C. WALZER United Press Financial Editor New York (W-i-The way to operate in the stock market, according to some of the ex- (imB p e r t s, is to watch what the little fel lows do and then do the opposite. The little fellows are sup posed to Vs tJip odd lot . i i Am i'V- I traders. They Elmer Walter are said to be buyers most of the time. When they buy, the experts often sell, and when they sell, the experts who know what is ahead, buy the market. If this is a true evaluation of the situation, this is the time to buy stocks. Jacques Coe, of the stock exchange firm that bears his name says, the liquidation of stocks of the past few weeks has been of the poorest qual ity. Usually, says the firm, the public buys more than it sells because perennially the pub lic is bullish.. "It keeps on buying over 52nd Year MEDFORD Price 10 Cents 1RIBUNE 2nd SECTION SEE THE IP Only 7 Moving Parts in the Engine Up to 35 Miles Per Gallon Front Wheel Drive COMPARE k Roominess ic Economy ir Initial Cost Looks Keith Schulz Garage 116 N. Front - Ph. SP 2-4756 a period of time until the whole market becomes over bought in every department." The Exception Coe said he does not criti cize mass mind opinion or mass mind behavior except when it comes to buying or selling securities. . "There were plenty of in dications this summer that ; Yl t-urve wouia oe chandisers turning uuwii in uie xau ana that there would be increased unemployment and smaller profits," says Coe. "If the selling had been well thought out, it should have taken place at that time but it did not. "On the contrary, measured by odd-lot transactions, the public was still a heavy buyer on balance, notwithstanding the fact that all serious stati stics showed that we were running into a period of over production of automobiles, copper, steel, oil, and many other things. ,t Levels Discounted "These levels we believe have substantially discounted tne puoiicauon of poorer earnings for the first and sec ond quarters of 1958. "The informed buying which will be and should be taking place in certain sec urities at these levels, looks ahead to an upward business curve sometime this summer or fall. "In any event a sufficient atmosphere of pessimism has4 been assembled to warrant the very strong belief that the stock market, measured by any of the accepted aver ages, should not be very much lower than it is now. "Within a matter of a short while, stocks, should move higher. "Concentrated opinion as expressed by odd-lot transac tions, seldom if ever forecasts the true direction of security prices." MEDFORD, OREGON, FRIDAY, FEBRUARY 28, 1958 Pages 1 to 6 SAVED FROM FLAMES Memphis, Tenn. (IP) An unidentified Negro truck driv er saved a blind white man from possible death, at a street intersection Thursday. The blind man was tapping his way with a cane across a- street that had been torn up for repairs. He walked dangerously close to the open flames of warning flare pots that ringed the repair site. The truck driver saw that the blind man was in danger of catching fire, stopped his truck and guided him to the curb. Then he got back in and drove away. Constant Struggle in Merchandising Keeps Tooth Paste Business Going By DOC QUIGG United Press Correspondent New York (IP) Americans are the world's greatest mer- and the constant struggle of industry to re package and rebuild its pro duct into a new image of worth every 20 minutes is wondrous to behold. A recent review in this col umn on push-button cans and squeeze bottles drew some blithe comment from a big man in toothpaste about the joys and brain-storms of that valuable business. The toothpaste' industry is great fun," he said. "Some body sold that leading medical journal, the Readers Digest, an article on ammonium ion as a great tooth-saver. So all of us in the manufacturing busi ness had to rush out an am monium ion toothpaste wheth er or not our research show ed it did or did not help the teeth. "Then another writer sold the Saturday Evening Post a piece revealing that chloro phyll really was the priceless ingredient. So we all had to Quotes From the News Texas, Iowa, California and Illinois are the four top rank ing states in the value of their agriculture. By UNITED PRESS Washington Defense Secretary Neil McElroy, saying he knows of no military advantage in getting a rocket to the moon: "We are interested in the moon as an objective, but most ly for psychological and scientific reasons. I can't say how soon we are going to do it, but it shouldn't be too long." New York Dan A. Kimball, president of Aerojet-General Corp., saying his firm has a rocket that can shoot a satellite around the moon in a "short time": "We are past the point of deciding whether we will do it or not it has to be done." Miami James R. Hoffa, Teamsters Union president, ex plaining why he disregarded advice that he turn down an invitation to meet with the. International Longshoremen's association executive council: "I told them the day you start running there is no return ing, and that the newspapers and television could make of it what they could." Cleveland Vice President Richard M. Nixon, on the state of the economy: "Because the economy is basically sauna1 and because of action the administratis has take and is prepared to take, the American people can make their plans for 1958 with con fidence rather than fear." Chicago Dwight Guilfoil, paraplegic president of a man ufacturing firm which employs only physically handicapped workers and has had to lay off all but 18 of the normal staff of 80 to 100 workers because of a business slump: "They'll have a rough lime now." Another J A ff(? Newer than next year! Yes, here's -f C1 sleek, slim-lined, modern 'feHi - 1 ..'J I f "J bedroom group designed for t'- VTN L-" '" todays easy living. Expertly built fS J LJS S r( Woeforn fiari-?TviwlsL this ffrnim Ssfe."!!! . is available in 5 finishes! i'- """""'" "r",u"1 """ " & I Driftwood, Gun-metal, Golden : Tl!t SST-Jh Q. . ' f'f , - I Harvest, Walnut and Mahogany., rS&SS ' . ' I I Its amazingly low-priced and I f ' - - K I I I available in open stock... KSsSlfST :. I I buy the group, or a few pieces W&mSW3mW -'fflPlWSWZr " ' ' I "NEXT YEAR'S" PIECES Jgfel1 JUS S come out with a chlorophyll paste, called "the greens' in the trade. Press Discovers Town t "Then the press discovered a little town in Texas where nobody had any cavities. The answer: They had fluorides in the reservoir. So we all bought a little fluoride and stuck it in the public de manded it. This fad lasted a couple of months. "Now you can't sell am monium iron or chlorophyll or fluoride, just as we sus pected. This makes it easier for the druggist too because he doesn't have to carry four variations of each brand. But lately there has been a dearth of lay articles on new ingredi e n t e to excite the public. Guess the writers have turn ed their attention to rockets. "The result was, the con sumer having returned to the white toothpastes, things got pretty dull, I can tell you. So we thought about packaging . . . some of the boys now are going in for bombs aerosol cans. Great Fun "These are great fun. Give a child a bomb and the little darling can have a great deal of innocent amusement. The best of them will squirt 10 feet. Then you whale the hell out of the brat. "Confidentially and don't tell the Blatnik committee about this we're working on a 20-gallon tank filled with toothpaste. This fits on the outside ot the nouse and a hose runs into the bathroom. "You simply hold your brush under the hose, turn it on and there you are. Our service wagons deliver the tanks as they are needed. We are also setting up a home service so you can send your teeth in to us and we will clean and return them, paint ed in stripes or any design you may speciry. one aay service if you call before 8 a.m." $(5) (5)95 BOX SPRINGS &INNERSPRING MATTRESS r Only 3995 deSvIr" & IFUMTUliE 123 S. Front Phone SP 2-7121 Jacksonville Gets New Playground Jacksonville A new cement playground area has been installed at the Jackson ville Grade school through ef forts of local townspeople, the Jacksonville Parent-Teachers association and students. The area, which measures '45 by 82 feet, began as a grade school project which would allow the young stu dents a dry area on which to play winter games off the muddy playground areas. It will serve as a tennis court in the summer as part of the school district summer recreation program according to Francis Guidry, elemen tary school principal. Proceeds from the grade school student body's annual magazine sale began the $1, 550 project. Further help came from the PTA, the high school student body, the dist rict school board, and contri butions of money and mater ial from individuals and com panies. School officials have ex pressed their appreciation to the numerous individuals and companies who made the project a reality. OIL EXECUTIVE DIES New. York (IP) Dr. Nelson J. Crowell, 57, an executive of the California Texas Oil Co., Ltd., died at his home of a heart attack on Wednes day, it was learned today. J SAVE MONEY! DO IT YOURSELF RESTORE BEAUTY TO YOUR FLOORS WITH A RENTED SANDER Easy to Operate Low Rental Rates Clean and Dustless iHCIAtlS7S IN HOMIWAIfSI 245 S. Central at 10th O Mm) S7m S 'KV V Si s f i sir w j r - j w tCl -75-31 I Just set the died when you broil oat ;Come9 .your food grilled to perfection. No shelves to shift no guessing. from FRIGIDAIRE tUJj NEW '50 RANGES Ecl&ieif to uiri, q$Mk Here are new ranges, the like of which you hoped one day to see! So automatic they make . your cooking carefree and foolproof. So easy to clean you'll have them "shiny new" in minutes. Come see the brand-new Radiant Wall Spatter Free Broiler Grill that lets you broil 100 times ' and never need to clean the oven. And the new Electric Meat Tender that means a perfect roast every time. And the new auto matic Rotisserie that never gets off balance . available as an accessory at slight extra cost. And a host of other great new out-of-this-worki features. Com Sea The New Sheer Look "a score of exciting new '58 Features Four Glamor ous Sheer Look Colors Frosty Turquoise, Sunny Yellow, Mayfair Pink and Charcoal Gray sold at th same price as white. ( 447 ) I A WEEK I oftor Ami down poyMMvt LIIImIu II IlILU II UImI Y! This ADD New "hrSifly-hDrtyw Range 30 Inches of Sheer Cooking Magic! Giant Six Oven Automatic Cook-Master Oven Control Faster-than-ever Surface Cooking P IIC All these other Golden Anniversary Features rLUO from FRIGIDAIRE Full-width Quick-Clean Oven High-Speed Radiantube Broiler Aluminum Broiler Pan and Grid Automatic Interior Oven Light One-Piece Cooking Top, raised non-spill rim 60-minute Electric Time Signal Electric Clock with sweep-second hand Automatic Appliance Outlet Signal Lights for Oven Full-width Storage Drawer Easy-to-Clean Removable Drip Bowls and Control Knobs ' 95- And Your Old Range BROILING PAN! SPATTER-FREE Regular $12.95 Value - Included Pay Only $1 0.37 Per Month FREE ILeoDmaircJl LEIleettirne (Ccoo 309 EAST MAIN Medford's Leading Appliance Dealer for the Past 27 Years PHONE SP 2-4427.
