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'