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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 3, 1958)
r 171 :r'i i s 4 V... ; '.-4 t . 1 .44" SI - S-.f..-: .1 o o A MAIL TRIBUNE, Madfonf, Oregon, Tuesday, June 3, 1958 M I'ff ill L.JG - -svi ,s , nv; :iu sit' f,f I P-ca 1 'tmmm, Iff -h ! ' ! Back SfaiYs: Ike's Radio-TV Speeches CALLING AT WHITE HOUSE, Cadet Donald J. Palladino (left), Winchester, Mass., editor of U. g Military Academy Yearbook, presents copy of "Howitzer" to President Eisenhower. At right is Midshipman Laurence S. Gifford, San Mateo, Cal., who gave President copy ofU. S. Naval Academy Yearbook, "The Lucky Bag." ( UPI Telephoto) allStPeggef Sees Less Inflation Fear With, fyJi Capacity r ... A 1 H&3J B7LM2k C. WfiLZCg TJI Financial Ediior New York (UPI) Wall Street for many years has nurtured a pet idea that in flation stimu lates common i stocks on the upside And '2 buying the m equities is a inflation a r y consequences. And the the street also Elmer WaJzer has held that the best market advances come in times of inflationary tendencies in the economy. Also, the financial commu nity recently has been warn ing about a new inflationary force developing, a force that should bring a market rise of bgoad proportions. Now comes a Wall Streeter with differed views. He is R. L. Weissman, economist for W. E. Hutton & Co., one of the large brokerage houses. He believes that there is less to be feared from infla tion at this time than from a long drag-out of a condition Involving a large scale non use of industrial capacity and labor. He sees the beginnings at least of more temperate demands on the part of labor unions. Weissman believes t h t . fear of or confident in in flation has been overdone as a season for buying stocks or expecting higher stock prices. Foreign Exper This conclusion, he adds, would ve to be revise in -the event of serious interna tional developments of the Oder necessitating defense outlays substantially bdyond the projected 8 billion ibr fiscal 1959. ThO lonomi gsgnir e and the French and British perience with inflation finds that it shows no close correlation existing between price inflation and common stock price movements. "In the long run," he says, "inflation cannot be neglect ed as a factor influencing the value of almost every kind of property, including equi ties. "At the same time, while one may disagree with the late Lord Keynes in some of his theories, few will ffare to disagree with his observation that 'in the long run we are all dead.' "In tbe short run, the state of confidence, profit margins, tax policy and other factors may modify or offset infla tionary tendencies." No Runaw Tendency Weissman also shoots at a few other pet beliefs in the street. He holds that sound monetary pohcy does not pre suppose the existence of the conventional gold standard. A balanced budget does not necessarily guarantee a non - inflationary condition, nor does 4he absence of the conventional gold standard necessarily cause an unbal anced budget, he says. He finds some consolation fri the fact that the increase in prices whether measured by the wholesale index or consumer prices has hardly been of the runaway kind. Between 1954 and 1958, he notes the rise has been on the average about two per cent annually. He infers that, given the absence of a further sharp rise in defense requirements, an increase in wages really geared to increases in produc tivity can be absorbed with out substantial increase in th price level. SUCCEEDING Admiral Fe lix B. Stump, who retires August 1, Admiral Harry D. Felt (above) will be commander-in-chief of U. S. forces in Pacific and Far East. (UP! Telephoto) O 49fiaveflWtigrbiit esar 0 mm DROP IS YEARS OLD mint! 45 QUART Taste 7-year-old Crab Orchard. "Ah," youll say, "that's what I call good bourbon!" Aged and mel lowed Q a smooth luxury of flavor, Crab Orchard is made for people who want honest bourbon and honest value. Try it - BRAND STRAIGHT BOURBON WHISKEY 86 PROOF NATIONAL DISTILLERS PRODUCTS COMPANY NEW YORK, NEW YORK Bad Check Charge . Brings Jail Sentence Donald E. Pinkerton, 4'5, of route 1, box 407, Ashland, received a year's sentence to the county jail Monday in dis trict court , on a charge of drawing a check with insuf ficent funds. George William Wilson, 27, Trail, was sentenced to 18 months in the state peniten tiary last week before Circuit Court Judge Edward C. Kelly on a charge of obtaining money under false pretenses. London reports show that last season's Antarctic whale catch provided 349,652 tons of oil. Success Dress Ys rf n ? ijr ok v? Ejf fm, ill I 90,7 SIZES nT IT 12-20 Jfo frills to fuss over this cool, pretty dress is perfect for those hot summer days (and quick laundering)! With Printed directions on each pat tern part; it's easy to sew in almost any fabric for casual, dressy wear. Printed Pattern 9017: Misses' Sizes 12, 14, 16, 18, 20. Size 16 takes 4V4 yards 35-inch fabric. ' Printed directions on each pattern part. Easier, accurate. Send FIFTY CENTS (coins) for this pattern add 5 cents for each pattern for lst-class mailing. Send to Marian Mar tin, care of Medf ord Mail Tri bune, Pattern Dept., 232 West 18th St., New York 11, N.Y. Print plainly "NAME, AD DRESS with SIZE and STYLE NUMBER. By DAYTON MOORE United Press International Washington (UPI) Back stairs at the White House: President Eisenhower's par ticipation in a radio and tele vision broadcast from the White House even for two minutes is a complicated procedure. ' Considerable behind - the scenes preparations are required. Periods Still Open For YMCA Camp Registrations for Diamond lake camping period number one have been closed- by the Y.M.C.A. It was announced by Mr. Jim Rowan, camp com mittee chairman, that the week of July 13 through July 13 through July 19 has reached the maximum num ber of camper registrations. Rowan said: "The- other three periods, July 20 through July 26, July 27 through Aug. 2, and Aug. 3 through Aug. 9, are still open and registra tions are being taken now at the Y.M.C.A." Registrations are still open also for the girls' camping period, Aug. 10 through Aug. 16. Any boy or girl, age 8 through 15 may attend Dia mond lake camp. It is not necessary to be a Y.M.C.A. member to attend. Further in formation can be obtained at the Y.M.C.A. camping office (SPring 2-6295). Numismatics is the science that deals with cbins and medals. Last week when the -President dedicated the atomic power plant at Shippingport, Pa., by remote control, he was "on the air" for only two min utes. Another 18 minutes were take up by rehearsing his part. Robert Montgomery, the President's special TV ad visor, came down from New York for the occasion. The President used the special broadcast room put in under the north portion when the White House was renovat ed during the Truman admin istration. It was one of the few times when he has used the room. For the most part he has used his own office when making televised speeches from the White House. The President's grandchil dren have been ' using the under-the - portico broadcast studio as a play room. , During last week's program, a battery-powered small mod el of a sports car was parked in a corner behind the TV cameras. It was a gift to the children from one of the President's friends. Folded up near it was another gift col lapsible trampolin. Another gift from a friend. Both are used regularly by the three older grandchildren when they visit the White House. The fourth grandchild, Mary Jean, one, is too small for them, particularly the trampolin. . Montgomery, a television producer as well as a veteran movie and television actor has been supervising the Presi dent's televised speeches since early in 1953. He was brought in after presidential aides de cided a New York advertising agency was putting too much of a Broadway touch to the President's appearance on television. Montgomery has considered his main job to be the remov al of technical obstacles be tween the President and the public. To make the President feel more at ease, the lectern was raised for stand-up speeches. Because it made the Presi dent nervous, the telepromp ter was done away with after two trials. The President lost what little confidence he had in the the teleprompter when it broke down on him during one of the trials. - For shorter television talks, like the one last week, the President reads cards with large print well out of camera range. Two sets, one to the President's right and one to his left are used, so that he can shift his head and eyes. But for long speeches, he reads from pages of a script with big and bigger type. The bigger type is a signal for a relieving break, such as tak ing off his glasses for a mo ment. , Unifieation of armed serv ices department: For theirst time, West Point cadets and Annapolis midshipmen this year presented their year books to the President at the same time. He showed no fav oritism, even though he is a West Point alumnus, and ac cepted them as a Joint pre sentation. Sawdust1 Medford Fuel Go. Tel. SP 2-21 1 1 Court & McAnJ. L 3 Tired of a Garage-Crowding Monster? 72 Ahead in Sales! Roomy, maneuverable, economical Ram bler is making the biggest hit with people everywhere. Sales up 72. 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