Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 12, 1958)
Avoid Air Crashes By Central Control Says Old Pilot Los Angeles (m Vet eran pilot Col. Bernt Bal chen says the only way to avoid mid-air plane collisions Is by establishing a single centralized air traffic control system operated by the fed eral g overnment. "The traffic control system today is not in the shape it shoult ftave been for jet fly ing," JBtlchen said. "When you Aave planes buzzing at 1,900 miles an hour you just ' getft jfree-wheel around." veteran of 39 years of fbi3 nd first man to fly ov the South Pole on Nov. 29, i!2, said the time will soon ome when all air traffic will have to be controlled electronically. Balchen said that by 1978 passenger planes' will fly at 2,000 miles an hour and will be completely automated in their operation and naviga tion. But, he said, a human pilot will be aboard just in case something goeS wrong. Balchen made the remarks last night after he was pre sented the first annual Leif Erikson award for pioneer ing achievement by the Leif Erikson Foundation. Negroes Schedule 'Summit' Meeting Washington (IP) A Negro publisher said Sunday that a two-day "summit meeting" of Negro leaders from all over the country will be held here this week to work out "a uni fied action program to bring Ihe Negro his legal rights." William O. Walker, presi dent of the National News paper Publishers Association, which called the conference, outlined its objectives at a news conference. J"he associa tion includes most of the ma jor Negro newspapers. President Eisenhower was Scheduled to address the con ference Monday. . Walker said "unity of oppo sition to the Negro in the South" made a meeting of Ne groes "at the summit level mandatory." "It is time for the Negro to do something," he said. Walker, who is publisher of the Cleveland Call and Post, said some 400 representatives of Negro organizations will participate. He said the only similar meeting of Negro lead ers was held in Niagara, N. Y., in 1906. Out of that con ference grew the National As sociation for the Advance ment of Colored People. Burst of Trading Lifts Sales Daily Average In Market L Let's Keep an Experienced Fair and Competent Judge on the Bench! VOTE FOR Judge Edward C. KELLY (Incumbent) CIRCUIT COURT POSITION No. 3 e (Man-Partsan Judicial Ballot) BglMARY ELECTION, MAY 16 Remember! Vote! 43-X - Edward C. Kelly "Incumbent. Judge Kelly experi enced by thirty years varied active practice." Pd. Adv. Kelly for Circuit Judge Committee, Otto J. Frohnmayer, 'Chairman, 1656 Spring St. Med-ford. By ELMER C. WALZER United Press Financial Editor New York OP) Stocks rounded out more than a month of advance during the past 'week with a burst of trading that lifted daily aver age sales to their best level since Jan. 3. Most of the news was on the adverse side but with vast amounts of money pressing for investment the bears got another drubbing. The advance, the fifth weekly one in a row, left in dustrials at 462.56 on average, up 3 points; rails 114.86 up 2.59 and a new high since Oct 17, 1957; utilities 77.84 up 0.40 and a new high since Oct 4, 1930 and 65 stocks 160.06 up 1.50 and a new high since Sept. 20, 1957 Industrials set a new high since last Oct. 3 during the week but backed away from the high. Daily average volume of 2,820,762 compared . with 2,- 486,866 shares in the previ ous week, and 2,413,570 shares a year ago. Last Year Higher Last year the market was well above current levels in a rise that lasted from mid February to mid-July with in dustrials rising in 18 of the 22 weeks of that period and all but breaking the record high set April 6, 1956 Some resistance developed to the rise on Wednesday and Thursday but with a i 1 s strong the list was able quick ly to overcome the wavering Friday's rise was a very small one with volume falling slightly after a burst of activ ity earlier in the session Tuesday produced a 3,000,- 000-share day. Here and there a bright spot developed in the news, The chairman of U. S. Steel anticipated a pickup in opera tions, steel operations rose for the second week, American Motors expanded operations, several companies mad fa vorable reports for the first quarter, gasoline inventories declined, and steel scrap rose $1 a ton at Chicago Against these few items was an array of adverse earn ings reports, a dip in auto output, a sharp drop in car loadings from last year, and retail trade below a year ago because of adverse weather. Steel Drops ' Results of the ravages in earnings in the first quarter were compiled. They showed railroad net income off 79 per cent from a year ago; steel off 59 per cent; autos off 51 per cent; tires off 46 per cent, and petroleum off 32 per cent. There were some favorable earnings with tobacco prod ucts the feature. Earnings in that group rose 32 per cent in the quarter. Electric power and gas companies gained 8 per cent, drugs 5 per cent and trade 6 per cent. When the net changes were tallied they showed that out of the 1,416 issues traded 798 gained, 455 declined and 161 held unchanged. A total of 368 issues made new highs and 29 made new lows for the year. American Motors featured in volume and ran up more than 2 points. Its sales for the week totaled 375,000 shares. This huge volume reflected interest in a company which is unique in its industry in that it is producing and sell ing more cars than last year, expanding operations, a n'd adding to its working force. Autos Rise Chrysler and General Mo tors each rose more than a point while Ford rose a frac tion. Most of the steels ad vanced. Carpeter Steel net ted 5 points and several oth ers of the group were up 1 or 2 points. Richfield led the oils high er with a gain of more than 6 points. Douglas and Repub lic were strong in the air crafts. Loew's was active and up more than 2 points. Sul phurs moved up with Free port gaining 7Vi points. Drugs, liquors, some of the sugars, tobaccos and some ties Canadian Pacific Firemen on Strike Montreal TO Striking Canadian Pacific Railway firemen claimed today their nationwide walkout was "very effectvie" with a "great deal" of support from other unions. A company spokesman ad mitted some stoppages in the Western provinces but said all trains were moving in and out of Montreal headquarters as usual, and on time. Top level negotiations su spended Sunday night were expected to be resumed today but not time or place had been set. The union said it was waiting to hear from the com pany, j W. E. Gamble, Canadian head of the striking Brother hood of Locomotive Firemen and Enginemen, said reports received this ' morning "are very encouraging to us, which would indicate that operations of CPR are seriously affect ed, particularly trans-c o n tinental traffic." were bid up. Chemicals had Actives below the leader, Loew's, Rexall, B. T. Babbitt, Getty Oil in that order. tion of underlying strength American Potash up more American Motors, included Bethlehem Steel, General Mo- ' Market experts said the and many anticipated further than 3 points. 0 1 i n Mathieson, Lorillard, tors, American Radiator and list gave a good demonstra- upward pressure after a bit of MAIL TRIBUNE, Medford, Oregon, Monday, May 12, 195S 7 consolidation. Vast amounts of money seeking investment from mutual funds, institu tions and insurance compan ies and banks were seen as a sustaining influence for the market despite the business news. ' 41 BIG FREE PARKING LOTS IN BACK OF OUR STORE Prices good through Wedensday, May 14th rr fh 4 V 23' 3- ' J mi A Good Tasty LOW COST MEAL EASY to prepare! Birdseye Frozen CORN ON THE COB 2 Ears in Pkg. He nJjlli. lb. I RECIPES FOR REAL TASTY MEAT LOAF Old Fashioned Bargain Event . . . YMCA AUCTION and Ice Cream Social SATURDAY MAY 17 I To Serve 8 People I 1 New Size Large Can Del Monte Tomato Sauce 3 Pounds Groceteria Ground Beef I I 12-Oz. Bread Crumbs or Cracker Crumbs 3 Eggs-Beat Lightly . I I 6-Oz. Chopped Onion 1 Tablespoon Salt I V Teaspoon Pepper Combine all ingredients bake in buttered loaf pan at 350 -degrees I fori hour. Pour catsup over top when almost done. Del Monte Tomato Sauce New Double Size 15-oz. Can Del Monte Catsup 7 ... IP Save 12c 14-oz. Bottle 6 (or II Save 14c Make Your Evening Meal More Enjoyable With a Salad From the Groceteria Kitchen i POTATO SALAD FRUIT JELLO SALAD MACARONI SALAD 39" pt. 39 pt. 39pt. qjKk! . IDEAL for LUNCH or SUPPER m LIPTOIl Soup Hixcs CHICKEN NOODLE 3-paoc carton 43c TOMATO VEGETABLE 3-pack carton 43c OMONySOUP 2 PACKAGES 35c BEEF-VEGETABLE 2 packages 35c GREEN PEA 2 packages 31c UPTON TEA THE BftSK TEA 69c 48 ' Tea Bags !4-lb. Pkg. 89 KARO SYRUP Red Label Quart Decanter S3 MAZOLA OIL 75' Quart Bottle LUCKY LEAF PIE FILLER Apple, Cherry, Peach or Raisin 22-Oz. Can 3S 20 Mule Team BORAX 2-Lb. Pkg. 43 Nestle's Canned Milk Co) (0) cans Regular Price 3 for 44c BOYIVS COFFEE Pound Can Regular Price 92c lb. Simple Simon Frozen Apple Pies Kraft Velveeta Cheese Welch's Frozen Grape Juice 12-Oz. Can 59c 2- 95c 2-ib. Loaf 79c 39c 3 -1.00 Save 23c Save 10c Save 17c C10R0X. BB.EACIHI l2 Gal. 3i)C Gal. ARMOUR DIAL Deodorant SOAP Res. Bar I Bath Bar 2 29c 2for39c puss 'N boots t CAT FOOD 8-oz. Can I No. 1 Can 3 for 29c 2for29c REYNOLD'S ALUMINUM FOIL 12" Width 25ft. Roll 33 DR. ROSS DOG FOOD No. 1 Can 15 it mmmm. . . 1 1 - - I 1 1- 1 11 gowMtit - miuw.-w j finer flour for finer baking 25-lb. Bag i8'
