Medford mail tribune. (Medford, Or.) 1909-1989, May 23, 1958, Image 5

Historic Oregon Newspapers

Medford mail tribune., May 23, 1958, Image 5

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Newspaper Page TextKhrushchev Buying Stock Financial Circles Report By ELMER C. WALZER United Press Financial Editor New York iff Khrushchev is buying stocks on the New York and American stock ex cnanges perhaps also on other U. S. markets. That is considered a fact in circles high up. The problem is, is he try ing to control our industry? Or perhaps he's trying to smash our market at some fu ture date. With markets for individ ual stocks thin as they are it wouldn't take too much stock to bring a sharp decline, say the experts. A few hundred thousand shares dumped all at once could produce chaos. And that, the experts con clude, would not be far from the mark as the Russians see our economy. They'd like nothing better than to have it collapse. The other day the Senate Internal Security Subcommit tee reported that money is flowing to and from Iron Cur tain counties. In the eighth of 12 reports on its 1957 operations, the subcommittee said Commu nist money "is finding its way into the United States in in creasing amounts, through Swiss banks and. other inter mediaries, to become invest ment capital in American in dustries." Swiss Banks Used The subcommittee cited testimony by J. Sinclair Arm strong, former chairman of the Securities and Exchange commission to back its con clusion that Swiss banks have been used to cover transac tions in American securities. The committee said one or ganization using Swiss stock transactions was alleged to Alaska Backers Seek Debate End Washington Iff Backers of Alaskan statehood failed Thursday in efforts to limit House debate on the issue. Rep. Wayne N. Aspinall (D- Colo.) seeking to shut off de bate so the House can vote Monday, asked for unanimous consent to set a, time limit on arguments for and against the bill. Howard W. Smith (D-Va.) objected, blocking the request. Democratic leaders indicated they would try again Friday, using a different procedure that would require only a ma jority vote to shut off debate. Democratic leader John W. McCormack (Mass.) predicted the house eventually will pass the bilL'But he said "it's going to be close." Valley Students To Graduate From Milo Graduation exercises at Milo academy, a Seventh-day Adventist boarding school, will be held today through Sunday. The schedule of events includes consecration service this evening, bacca laureate Saturday morning, and commencement at 10 ajn. Sunday. Six students from the Rogue River valley are among the graduates. They are Car- olee Burgess, Marian Davis, Elizabeth Joliffe, Billy Day, Marion Larkin and Leonard Yost. SED EXPRESSES THANKS London (ff Soviet scien tist V. I. Rastorguyev said in a Moscow Radio broadcast Thursday night that his one year tour of duty at the U.S. scientific base at the South Pole had been "most useful." Rastorguyev said he had flown to the base at the in vitation of scientists of the U.S. Antarctic Committee. He said his tour made it possible "to learn about the equipment et the station and get to know the scientific work being car ried out there by American scientists." STILL CIRCULATING Frankfurt, Germany (ff '' Traveler's checks stolen tight years ago in San Fran cisco from Robert Baudin of that city are turning up in Germany, police reported Friday. Police said $1,150 of the -total $2,900 worth of checks stolen have been cash mA in rpppnt weeks in Berlin and Cologne. They were cash ed by a man speaking broken German and posing as Bau-elin. NOTICE I will be out of my office this week attending the National Clinical Convention in Metabolic Diseases and Weight Management, Dallas, Texas. My office will be open again Monday, May 26th. DR. C. D. LEMLEY Osteopathic Physician and Surgeon 426 Medical Center Bldg. have 50 per cent ownership in Communist countries. Joseph E. Granville, analyst for E. F. Hutton and company, says a logical series of facts would underscore the conten tion that Communist funds are being invested here as a pos sible tool of economic sub version. He lists that series as follows: "1. The Russians have gold, lots of it. "2. The Swiss banking sys tem does not require identifi cation of depositors. "3. Khrushchev has de ciarea ail-out economic war against the entire free world, principally the U.S. "In a world so recently amazed by a sputnik, it is not beyond the realm of reality Northwest Said Not Power Short Washington OP) No more than six million kilowatts of economically feasible hydro electric potential remains in the Pacific Northwest for de velopment, a Portland General Electric company spokesman told a Senate public works subcommittee Thursday. Thomas W. Delzell, chair man of the board of PGE, said it is not true that only 20 per cent of the potential has been tapped. Delzell appeared be fore the committee at hearings on a bill to create a Columbia River Development Corpora tion. "The Pacific Northwest is now in better shape power wise than it has ever been," he said. "It is no longer a 'short age' area." Delzell said that some 16 million kilowatts of the 22 million kilowatts of economi cally feasible hydroelectric po tential has been developed or is in the process of develop ment. To go over the 22 mil lion mark, he said, would pro duce electricity more costly than that obtained through steam generation. Sewing Contest Being Conducted A two-week trip to Europe awaits the national winner of the "make it yourself with wool" sewing contest now be ing conducted by National Wool Growers auxiliary. Mrs. Perry A. Strom, 1464 Dixie lane, is the district di rector for the Medford-Grants Pass area. The contest is open to girls between the ages of 14 and 22 years. Entries may be coats, suits or dresses which the girl has made herself of 100 per cent wool fabric. The district contest and style show will be held in October to pick two winners who will enter the state con test in November. District prizes will be awarded. To encourage sewing skills a special sub-deb contest fdr 13 to 16-year-old girls will also be held. Entry blanks are available at the county extension office or from school home eco nomics teachers or, the dis trict director, Mrs. Strom. Stop Lice Hunt Teachers Ordered Portland Iff Public school teachers here were ordered Thursday to stop lice-hunting. The order came with approval of Dr. Thomas L. Meador, city health officer. A letter Irom Superinten dent of Schools J. W. Edwards said that inspection of chil dren's heads shall be left to public health nurses. Edwards emphasized " that inspections previously carried on by principals and teachers were on instruction of the City Health Department. RED CHINA DEMOBILIZES Tokyo HP) Communist China reported Friday that 6,800,000 officers and men had been demobilized from its army since 1950. . The New China news agency, in a broadcast monitored here, said the demobilized service men were now "taking part in national construction." The agency gave no hint as to how many were taken into the armed forces since 1950. West ern estimates place the cur rent Chinese Communist arm ed forces strength at about 3,000,000. that American stock ex changes and for that matter, all free world stock ex changes could be centers of invisible orbits of Russian eco nomic sputniks. Trade Disruptions "Inasmuch as we are al ready witnessing disruptions on the .trade fronts of the world, much of it obviously instigated by the Kremlin, why should one of the most obvious fronts be overlooked the stock exchange? If the Soviets can dump the metals, why not stocks? Granville is for action to stem this method of buying American- shares without reve lation of identity. If the buy ers were known and publish ed, he believes they would desist from a practice that could seriously affect the stock market. Granville says the Russians have the means to buy our stocks, they have the method through sources which keep their identity hidden, and they have the motive which is to wreck our economy. It just could be, he notes, that the recent market strength can be traced back to demand for our stocks by the'Kremlin instead of by U.S. investors and speculators. Until new rules are put in force, there is no way to tell what is going on. Wall Street isn't too worried. It holds that if Americans knew that Russia was in the market they'd con tinue to follow the tape. Library Dedicated To Ernie Pyle Columbus, Ohio (ff An Ernie Pyle Memorial library was dedicated at Ohio State university here Friday to the famous Scripps-Howard war correspondent killed in the closing days of World War n. A $4,000 grant from the Scripps-Howard Memorial Fund made the library pos sible. Another S c r i p p s-Howard foreign correspondent, Jim Lucas, was to be the principal speaker at a noon lunch ar ranged by George Kienzle, di rector of the Ohio State uni versity school of journalism. Lucas' topic was the Orient. Friday night he will address the annual "Rib-'n-roast" din ner sponsored by the univer sity journalism students. Special guests at the dedica tion included university presi dent Novice G. Fawcett; Co lumbus Citizen Editor Don E. Weaver; Citizen Managing Ed itor Jack Keller; City Editor Pat Phelan; Haskell Short, manager of the United Press Columbus bureau, and repre sentatives of other Scripps Howard and other Ohio news papers. Every state except one re quires that applicants-for driv er license have their eyes ex amined but the laws vary on the degree of vision required for driving privileges. MOORE'S VINYL PLASTIC FOLDING $n95 CHAIRS 7-ft. GARDEN UMBRELLAS as Low as $17.95 7-ft. Floral Nylon Plastic Umbrellas Reg. $36.95 - $29.95 MOORE OUTDOOR SUPPLY 816 S. Riverside Plane Lands On One Wheel Nobody Injured Oklahoma City (ff A planeload of officials from Washington state, including the adjutant general, narrow ly escaped injury last night when their aircraft crash landed on one wheel here aft er the landing gear was dam aged in an earlier attempt to land at Tulsa. The 11 passengers, includ ing Maj. Gen. George M. Has kett, Washington's Adjutant General, and other members of the party , which accom panied Gov. Albert D. Rosel lini to the governors confer ence at Miama, Fla., expected to fly out this morning on another plane. Rosellini went from Miama to New York to embark on a European tour or he would have been aboard the dam aged aircraft. Col. William Frost, an Air Force veteran of two wars, landed the National Guard C47 at Tinker Air Force Base southeast of Oklahoma City, after the attempt at Tulsa. Frost, 40, said the plane was flown to Tulsa from Maxwell field at Montgomery, Ala. Students Quiet Following Riot Panama City (ff This strife-torn capital was uneas ily quiet early today, with some 500 teen-age rioters in the sanctuary of the university after a day of violence in which 15 persons were re ported killed. Although the issues at stake in the outburst are purely lo cal, stray bullets spattered the fringes of the U. S.-adminis-tered Canal Zone during Thursday's fighting. Zone Po liceman Richard Meehan was slightly wounded, and a school in the danger area was closed. Mob leaders vowed that they will renew violence later today in their week-long dem onstrations for better schools. So far, Panamanian police have respected the tradition that the university is "auton omous," and consequently outside their jurisdiction. Gold Hill VFW' Holds Poppy Sale Gold Hill Gold Hill Vete rans of Foreign Wars Post and the auxiliary will conduct their traditional "buddy pop py day" sales Friday and Saturday, May 23 and 24. Both groups will complete arrangements for distribution of the memorial lapel flowers at meetings Friday, May 23, at 8 p.m. at the VFW hall on Old Stage rd. Visitors will be present from neighboring posts, ac cording, to Mrs. James C. Mar tin, auxiliary president. James C. Martin is commander of the Gold Hill post. MAY SALE These and many other values! RATTAN CHAIRS $395 REDWOOD SETS Store Hours: 9 to 7, Sundays 1 Phone SP 2-5458 Friday, May 23, 1958. Sf Drivers Licenses Suspended Listed Salem The department of motor vehicles has released names of 236 drivers whose licenses were ordered sus pended during the period be ginning May 12 and ending May 16. Length of suspension varies, aepenaing4 on cnarges - in volved, recommendation of court, discretionary action by xne department or require ments of Oregon law. The de partment said some of the li censes involving financial re sponsibility arid court recom mendations may have been re instated after suspension was ordered. The department warned drivers that the penalty for driving while suspended is a jail sentence of no less than two days and up to six months, and there may be imposed a fine up to $500. Under licens ing procedures, this will also result in an additional year of suspension. Those suspended in i Jack son county were: Driving While Under Influence of Intoxicating Liquor (Mandatory suspension) Card. Roger Elsworth, 41, of Ceiv tral ave., and 12th St., Medford 3 years. Joslin. Leland Albert, 31. of route 1, box 276, Central Point, 90 days. Discretionary Action of Depart ment: Milton, Truman Lee, 19, of 310 Third St., Phoenix, driving record, 60 days. - Financial Responsibility (Failure to show proof of financial, re- sponsimnty) 'Barber. Donald Hugh, 43, of 240 North Holly . St., Medford. Moore, George Edison, 26, of route 2, box 173, Central Point. Watkins, Ray. 60, of 1223 With- mgton ave., Medford. Clean Up Day Set At Gold Hill Gold Hill In preparation for Memorial Day, a general cleanup will be held at the Gold Hill cemetery Saturday, May 24, and Sunday, May 25. Mrs. A. A. Walker, chair man of the cemetery improve ment committee, said all who are able to do so are invited tp assist in cleaning the entire area, as well as lots in which they have particular interest. Trash will be hauled to one location for burning. William Hittle volunteered to obtain a fire permit from the forest service. . Persons who find it incon venient to- work at the ceme tery" on the designated days are welcome to do so at other times they may choose, Mrs. Walker said. Boy Scouts Troop 40 Central Point Troop 40 of the Boy Scouts will hold a court of honor Friday eve ning in Central Point at the American Legion hall on Pine st. The public is invited to the affair which will begin at 7:30 p.m. A potluck dinner for parents, Scouts and Scout committeemen will be held in the hall at 6:30 p.m. Ends May 31 LAYAWAY HOW for FATHER No. 10 CHAISE with 3"-Boxed Pad ONLY$169S With Innerspring Pad $26.95 Folding REDWOOD SETS 5 ft. Set, Reg. $34.50 NOW $28.95 6 ft. SetReg. $39.95 NOW $34.50 Round Redwood UMBRELLA SETS as Low as $44.00 to 4 S&H GREEN STAMPS COOL LIGHTWEIGHT ' SUMMER GAPS o MEN'S 190 YOU "AUTO" 100 1000 YOU UY 1000 Price Price "AUT" SAVE CALCIUM $ .89 $ 6.45 $2.45 VITAMIN "A" 25,000 units $1.79 $14.95 $2.95 VITAMIN "Bl" 25 mg. j $1.39 ! $ 9.95 $3.95 VITAMIN "C" 50 mg. $ .59 j.$ 4.29 $1 .61 VITAMIN "C" 100 mg. j $ .98 $ 7.49 j $2.31 VITAMIN "C" 250 mg. $1.98 $12.98 j $6.82 CALCILM LACTATE 10 gr. $ .59 $ 3.19 $2.71 SODA MINTS j $.25 $1.39 j $1.11 SACCHARIN Va Gr. $ .21 $ .39 1 $1-71 SACCHARIN Vi Gr. $ .25 j $ .59 $1.91 ASPIRIN USP 5 Grain $ .25 j $ 1.39 j $1.11 SODIUM SALICYLATE j Enteric Coated, 10 Gr. j $ .98 $ 5.95 $3.85 THE GIANT OSCILLATING LET'S DO IT THE EASY WAYI Sit bock end relax. Th "Zephyr" will water your lawn just like gentle summer rain. . Screw any standard silt hose into the connector, adjust the dial. Then the big, heavy duty, water powered motor takes over. It forces the water out through the rainmaking bar in streams up to 15 feet in the air and cascades down upon your lawn like a gentle rainfall. The rainmak ing bar moves very slowly from side to side and covers an area up to 2400 scj. ft. GIVES DEPENDABLE YEAR AFTER YEAR SERVICE REGISTERED GUARANTEE LASTS A LIFETIME 'only' "LOSE A POUND A DAY... FOR 14 DAYS WITHOUT SUFFERING HUNGER PANES CR LOSS OF ENERGY WITH sv THE KESSAMIN REDUCING PLAN I - L A reducing diet (The Kessamin Book let) prepared by a physician and a dietician to give best possible diet. 2. Vitamins to prevent deficiencies which cause nervousness, irritability and that tired, dragged-out feeling. Also sup plemental minerals and iron to help prevent nutritional anemia. 8. Vitamins plus the -bulk. Carboxy Me thylcellulose, to stimulate normal in testinal elimination. 4. The "hunger control" factor. Carboxy Methylcellulose. to reduce hunger it taken according to directions, - With (he Ketiomrn r ' i tL i IRCIHI i reauang plan in. ?'5S!?Sr,1 onfy fhina voir com I 14-Day Supply $5.45 See your druggist. The complete Kessa min Reducing Plan is in every package of Kessamin Tablets. Formula JT14 ! THE KESSAMIN REDUCING PLAN IS GUARANTEED TO TAKE OFP A POUND A DAY FOR 14 DAYS OR YOUR MONEY BACK! TRY IT! McKESSON'S KESSAMIN 7 JEWEL WESTCLOX WRIST WATCHES Reg. $14.95 Luminous Shock Resistant NOW $9.95 Reg. $18.95, Metal Band and Waterproof NOW $13.95 o LADIES 29 SPRINKLER NEW DIAL CONTROL! Just tum the Dial for Instant Control of Spray Area. For FULL (1) or PARTIAL (2) LEFT (3) or RIGHT (4) Side lawn cov erage. , 7. 7t 1 ill to $10.95 LAWRENCE "400" SPINNING REEL $5.95 GIL-BAR 2 PIECE GLASS ROD 100 Yds. MONOFILAMENT NYLQN LINE $5.95 IMPERIAL SPINNING $3.95 ONE PIECE GLASS 100 Yds. MONOFILAMENT MONOFILAMENT ' NYLON LINE 1 00 yd. 6-lb. test....43e 100 yd. 8-lb. test 49c 25c SNELLED HOOKS Card of 6 2 for 25c Add Federal Excise Tax 'SSSSSm DO PTOCOfr ORIGINAL PRICE n . ttraas rare SHOP & SAVE AT SWIMMING SUPPLIES GAPS 650 SNORKEL 590 FINS Large . I -88 Extra Large Pro- 9 OO fessional CO BEXEL 5.95 f fe IK -1 nvrMMiiit CLlijQj) v 'MINIUMS ntfl IJI 9.44 Buy 1 1 Vitamins and "95 minerals. 150's... I Was $14.95 COMPACTS METAL & PLASTIC 88c to $7.50 ELECTRIC "LADY SHAVEMASTER Now $9.95 MANICURE SETS QUALITY PLASTIC GARDEN HOSE At New Low Prices GUARANTEED 38" x 25 ft.: $1.19 716" x 50 ft.... $1.98 12" x 25 ft. .....$1.79 l2"x 50 ft.........$2.69 79c METAL HOSE NOZZLE 49c - 2 for 85c Yow 6et Both A WALK0 "Ny-O-Litr Spinning Jteef And A , WALK0 Glass Spinning Rod! Here's the spinning sensation of the year, saving; you almost 50 on the outstanding Waltco nylon spinning reel, the only reel with a 5-year warranty . . . vlus a 2-Diece Waltco glass spinning rod! NY-O-UTE SPINNING REEL $13.50 WAITCO GLASS SPINNING ROD. . 9.95 Regularly $23.45 Plus 100 yards Monofilament Nylon ALL FOR $12.95 REEL ROD NYLON LINE ALL FOR $7.95 SALMON EGGS... 39c cSoFce Film Developing and Prinling FAST TOP QUALITY 2 DAY SERVICE LOCAL SERVICE Standard 8-Exposure Roll In by 10 -Out by 4:30 Regular Prices on Taxable Merchandise Free 1 1 a aasa EVENING tN PARIS SPECIALS 75c STICK DEODORANT' 2 for $1.00 $1.00 PERFUME 1 dram 59c $1.00 SOLID PERFUME In Gold Case 29c $1.50 COLOGNE AND PURSE PERFUME Set $1.00 PRICE SALE 505 TUSSY DEODORANTS REVLON FUTURAMA LIPSTICK With Refill SI. 35 to $13.75 . . SUNBEAM" 53.39 to $17. CD REVLON SPRAY MIST' 1 Aquamarine ... $2.50 Intimate $2.75 SHULTON'S DESERT FLOWER Gift Set .....$2.75 COUNTESS MARITZA $4.75 GIFT SETS Silent Night or White Mist ..... $2.50 $6.00 BILLFOLDS $4.89 10c to 25c 5L GET BOTH FOR ONLY Line STEEL TACKLE BOX Kiddies Outfit Glass Rod Click Reel 20-yds. Line $2.19 Contact (rYt 01" JllRlbO Delivery in Medford 1 CUTTERS)Ql 30 CENTRAL- DIAL SP3-53TL aircrew lip?