Medford
Tribune
2nd SECTION
MEDFORD, OREGON, WEDNESDAY, MAY 21, 1958
8 Pages
TRYING TO BREAK THROUGH cordon and march on National Assembly, Paris mob
clashes with security police in riotous demand for firm policy in Algeria. (International)
Wall Street Bright Spot
In New Recovery Picture
By ELMER C. WALZER
United Press Financial Editor
New York (W Wall Street
which has been looking all
around for recovery spots,
missed one right at the tip
of its own figurative nose.
That bright spot is Wall
Street itself.
There are two reasons com
ing from the stock market.
Trading is up nearly 10 per
cent compared with last year,
and secondly, commissions
are higher.
These two make for higher
Income for the brokerage
houses which have trimmed
down their overhead costs.
Also the market for new is
sues has been humming along
at a good clip and that, too,
helps with Wall Street's in
come. The new issues get
"sticky" once in a while, but
market men say if they're
priced right they sell readily.
The street isn't resounding
with cheers even if business
is good. The problem is, will
it stay good. If it doesn't the
financial community always
a fest or famine economy
will go back to famine-flays. ""
More Efficiency
This is why the Wall Street
houses aren't building up
giant staffs because business
is good. There's more effi
cency, tighter working sched
ules, close economy.
Hence, if the year goes
along at a fast clip, there'll
be a good prospect for bonuses
for the employees. The pick
ing in bonuses were mighty
slim at the 1957 year-end.
Right now, market experts
say the last looks tired, and
many of them wonder if the
market can hold up. They are
particularly worried over the
recent strength in the so
called cyclical stocks which
Standard & Poor's says "could
easily turn out to be a prema
ture policy of general bull
ishness." However, the statisticians
just couldn't resist projecting
the sales volume for the re
mainder of 1958.
They took the volume for
Broom Selling Drive
Set By Local Lions
A door-to-door broom sell
ing campaign will be carried
on by the Medford Lions club
during the next several
weeks, according to Louis
Ruhl, president.
The annual project is car
ried on each year by the or
ganization to "utilize prod
ucts of the Portland broom
factory manned by blind
workers" and to put all prof
its into the club's sight con
servation program, Ruhl said.
Medford Lions annually
put between $700 and $1,000
in providing glasses and eye
care to needychijdren.
Regular house brooms,
whisk brooms and hearth
brooms will be offered for
sale. Local supplies are se
cured through Sam Evans, re
g i o n a 1 representative for
these products.
CD Director Warns
Of Science's Threat
Salem OP) State Civil De
fense Director Arthur Sheets
says that little or no attempt
is being made to diminish the
dangers which scientific in
genuity has been creating.
Sheets made his statement
at an evaluation meeting of
state, county and local CD of
ficials for Operation Alert.
John Mclntire, federal civic
defense administration opera
tions officer at Santa Rosa,
Calif., told the CD workers
that the federal government
is emphasizing continuity of,
government in civil defense
planning.
a week ago when the daily
average sales amounted to
2,820,762 shares. On that basis
for the -remaining 156 trad
ing days, the total transac
tions for 1958 would, come to
662,252,932 shares.
Best Since 1930
And that total would be the
best for any year since 1930
when the volume was 810,
632,546 shares. There were
only two years bigger than
the 1930 total when sales
crossed a billion shares, and
1928.
The 662 million plus shares
projected for 1958 by the pen
cil pushers is only 14 per cent
of the 4,852 million shares
listed. That would be the best
only since 1954 when the
turnover was 19 per cent of
the ten 2,927 million listed
shares.
Back in 1930 when the aver
age of shares listed totaled
1,212,238,474 shares, the turn
over was 67 per cent. In 1929
when sales totaled 1,124,800,
410 shares, the turnover was
119 per cent of the 942,492,
073 average shares listed.
And if ypu want, to look
at some real turnover figures
go back to 1901 when sales
of a mere 222,124,065 shares
represented a turnover of 319
per cent of the 69,627,746
shares'average listings.
To equal the 1901 turnover,
daily sales now would have
to average 61,177,390 shares.
I I Uok II1CHT ! LEVI'S
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Hillsboro Man
Escapes Sand Bin
Portland OP) Sterling
Blades, 27, Hillsboro, was
trapped up to his shoulders
Monday when he leaped into
a sand-filled bin to retrieve a
piece of metal. Fellow work
ers managed to get him free.
Blades was taken to Eman
uel hospital where his condi
tion was satisfactory. He was
working at a pipe company.
Mickey Mouse Man Youngsters1 Favorite
47 Mumps Cases Are
Reported Last Week
Forty-seven cases of mumps
were reported to the Jackson
county department of health
during the week ending May
15. Fifteen were reported in
Medford and Central Point; 5,
Ashland; 3 each, Trail and
Phoenix; 2, Gold Hill and
Sams Valley; and 1 each in
Jacksonville and Eagle Point.
German measles cases in
cluded 6 each in Shady Cove
and Central Point; 4 in Ash
land; 3, Medford, and 1 each
in Prospect and Eagle Point;
influenza, 11 in Medford, 3 in
Jacksonville and 2 in Shady
Cove; chicken pox, 5 in Cen
tral Point and 2 each in Med
ford and Ashland. .
Measles included 2 in Med
ford and 1 in Central Point;
strep throat, 1 each in Med
ford and Shady Cove; pneu
monia, 3 in Medford and 1 in
Ashland; and infectious mon
onucleosis, 1 in Medford.
One case of encephalitis
(meningo) was reported in
Medford.
Trujillo's Man
Gels Sentence
Torrance, Calif. OP) Vic
tor Sued, 29, Secretary of Lt.
Gen. Rafael Trujillo, Jr., of
the Dominican Republic, was
fined $262 and sentenced to
five days in jail Monday for
drunk driving.
Judge John A. Shidler of
South Bay Municipal Court
said he was inclined to make
an example of Sued because of
his high position but finally
suspended the jail sentence.
Officers arrested Sued Fri
day on a drunk charge. They
said they saw the aide driving
erratically from one side of
the highway to the other.
Sued's boss, young Trujillo,
created a stir in Washington
with his rich gifts to actressses
Kim Novak, Zsa Zsa Gabor
and Joan Collins. '
Arresting Officer
Saved by Hunters
Miami (IP) If a forest
ranger doesn't know where he
is, can 'he rightly charge
hunters with being where they
shouldn't be?
That question fell Monday
into the lap of Federal Judge
Joseph P. Lieb.
-Frog hunters Thomas Hall,
42, Avery A Crosby and Eu
gene Debs Scamell, 45, went
before the judge on charges
they were poaching on a fed
eral preserve near here.
The men said they had to
guide the arresting Wildlife
Service officer out of the
swamp. How then, they asked,
could he know they were tres
passing?
Lieb decided he would need
same time to study the case
and postponed a decision.
CLEAN
COWBOY
LEVI'S are cut to fit you
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to last you longer with super
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with Copper Rivets.
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IN
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S198
Ea.
By VERNOlfSCOTT
United Press Correspondent
Hollywood (IP Kids like
ice cream, red bicycles, cotton
candy, rocket ships and a
guy named Jimmie Dodd.
Mothers like Jimmie, too.
But fathers rarely recognize
the name because Dodd
amuses the younger genera
tion every day when dad is
battling home-bound traffic.
Jimmie is a combination
baby-sitter and leprechaun.
He's ringmaster of "The
Mickey Mouse Club," an idol
to millions of smallfry from
the diaper set to teenagers.
Unlike TV's Western ' heroes,
he never pulls a gun nor en
gages in fights.
What sort of man is Dodd
off-screen? Does he go through
his paces for the kids with
gritted teeth waiting for pay
day?
Could Be Pied Piper .
Answer: If 1958 needed a
pied piper, Jimmie would fit
the bill.
"I have no children of my
own," Dodd said during lunch
at the Walt Disney studio.
"But my wife (Ruth) and I
feel as if we are the parents
of 10 million little ones.
"No matter where we go
I'm surrounded by tykes of all
ages and sizes and we
couldn't be more pleased.
Some are shy, others openly
friendly. But kids are the
same in every section of the
country. And if I didn't love
them as much as they love
me, they'd know it in a twin
kling." With an unruly mop of red
hair and a sparkle in his eye,
Jimmie seems to embody the
elfin spirit of Peter Pan. It
comes across to adults who
meet him, too.
He's a song writer, musi
cian, dancer and actor. But
for the past three years he's
given up most of his activities
(except song writing) to give
mothers a half - hour respite
daily while the brood glues it
self to the family TV set.
"I've learned never to talk
down to children, and baby
talk is out of the question,"
Jimmie grinned.
"One of Mr. Disney's cardi
nal rules for everyone con
nected with his show and
projects is to treat the little
people like adults. Kids can
spot a phony as easily on a
TV screen as they can In perw
son.
"Parents who cTon't watch
the program are curious about
me. They'd like to be assured
that the man who spends part
of the time in their children's
hearts is worthy the occu
pancy. "It's something of a respon
sibility, and I do my darndest
to live up to it."
PASSES MINE BILL
Washington (TP) The Sen
ate has passed and sent to the
House a bill suspending for
one year the requirement that
mining claim owners perform
$100 worth of labor a year on
their property.
kjTjakj
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