Khrushchev 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?