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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 9, 1958)
o Mitchell o? Canada Gives Some Pointers on Buying Oil Stocks BY ELMER C. WALZEA UPI Financial Editor New York (UPI) So you want to trade in penny Canadian gold and oil stocks? Lisen to some advice from a man who knows all the ins and outs of that business. He i? Mitchell of Canada T. H. Mitchell i real life, n ru dite gentleman with t string of degrees after his name. First of all, says Mitchell, it should be clearly under stood by the Canadian investor that the majority of the penny stock companies are worthless and always will be worthless. But, since the stocks can be a speculative medium, they have value to that extent the extent that somebody is will ingcJo buy them. Pessimistic "Thus," says Mitchell in his book on "the story behind Canadian mining speculation" "one has to be pessimistic I about the posibilities of the companies, yet optimistic about the profit opportunities which, their stocks present." Mitchell has found out that only one out of a hundred mining and oil companies will ever discover ore or oil re serves of sufficient magnitude to be of profitable commercial value. Also, only one out of a thousand of the original ex ploration companies will ever develop enough wealth-in-the-ground to become an invest ment medium Now who makes the money in speculation in such issues as these? There are three groups, in the market: 80 per cent to 90 per cent are the "buying public," a group which always loses. Secondly, there is a group of 5 per cent and 15 per cent which manages to break even over a period of time. Then there are tHe pro fessionals no more than 5 per cent of all who buy and sell the stocks who always sin. Emulate Professionals So, if you want to make money you emulate the pro fessionals. You don't buy on the way up or when a stock becomes active. That's when the pros are selling and they'll welcome your purchase. - their holdings until they've Well, let's see what happens I captured nearly all the float in an operation by the pro- ing supply. Meantime the tessionais. . . First of all, they let specu lation ebb low, keep the stock dull and without good news. That period usually is accom panied by either price steadi ness or a slow decline. ' That's the time the public sells and the professionals buy. The pro keep this period lagging for a long time until the patience of the. public is exhausted and they sell out. The professionals build up i news of the company is noth ing but bad. Floating Supply When the pros have accum ulated all they want the floating supply they'll wait until the public is lulled again into a buying mood. Also there'll be new suckers de veloping other than the ones who sold to the professionals. Then the good news will come out, and the stock will rise. Finally it will become ac tive. Then the public which had previously sold its stock will turn buyer again. When the price is right, the pros sell willingly to the public . and go short of as much stock as they can get their hands on. When the professionals have completed their selling they desert the stock and the chances are good it will fall to a new low. All you have to do is fol low the example of. the pro fessionals buy when the pub lic is selling, and sell when the public is buying. . Rose Festival af Portland Under Way Portland (UPI) Port land's golden anniversary Rose Festival opened official ly today and the weather man said the weather . should be good most of the time. Partly sunny skies were forecast for the first two days. Today's official activity got underway at 10 ajh. with for mal opening of the new Port land Zoo railroad. The Royal Court appeared at the noon Chamber of Commerce lunch eon. Selection of the 1958 queen MAIL TRIBUNEf,MedW, Oregon, Men Jay, June 9, 1958 9 will be made Wednesday night at Multnomah stadium. The Junior parade will be held on Friday on the east side while the grand floral parade will be Saturday, starting at SW 14th ave. and Salmon st. ' OHD Asthmatics! We give $5 trade-in allowance foryourold neb (even if broken) on a new Breatheasy set precision pyrex nebulizer; bottle of inhalant; zipper carry ing case. Money-back guarantee. At Your Druggist The pulse rate of newborn infants ranges from 130 to 140 beats per minute. FOR THE Replacement - of Broken Windows . Phone SP ; SELBY Phone SP 3-3613 GLASS CO. 303 North Bartlett GOLD HILL New Unit Is Planned BY MRS. CLYDE KELL " Gold Hill All women in this area who are interested in Home Extension work are invited to attend an organiz ational meeting in the home of Mrs. Robert Grayon Fourth ave., Wednesday, June 11, at Tr,p.m. to establish a Gold Hill Home Extension unit. Miss Mary Pat Lucy, Jackson County Home Exten sion leader, will be present to supervise the group. Mrs. Gray said anyone who cannot find a babysitter, may bring their youngsters to the meeting. After a. local unit is organized a sitter will be pro vided. . o Mrs. V. L. Waterhouse ar rived in Gold Hill Friday, May 30, from her homein Los Angeles, (Salif. She is a house- guest in the home TJher son-in-law and daughter, Mr. and Mrs. Donald Dusenberry, and will visit her son, Willard Waterhouse, who lives with the Dusenberrys. Mrs. Water house planned to attend both the baccalaureate exercises Sunday, June 1, and com mencement at Crater High school. - n Mr. and Mrs. Dwight Davis and son, Larry, of Central Point and her mother, Mrs. Iva Lentz, and Mrs. Helen Shoemaker both of Gold Hill visited in the home of Davis's father, M and Mrs. Ray Davis, at Wimer on Memorial Day. Mr. and Mrs. -Jack Grieves of Medford were visitors in the home, of Mr. and Mrs. William ForceMay 31. - home of her husband's grand mother, Mrs. George Dorman on Second ave., and in the Bill Fergusons home. The Fergu sons and Mrs. Dotson's father, the late Harry Beale of Med ford, were long-time friends. Mr. and Mrs. Bill McHargue and Mr. and Mrs. W. A. Price and son, Gale Price, returned to their homes here May 31 after a visit in Roseburg where they were houseguests of the Rev. and Mrs. Gernie Noah and sons, Kenneth, Wil liam and Rayi Mrs. Noah is the former Frances Price. Four Boy Scouts of Troop 43 and their assistant leader, Raymond Dusenberry, left Memorial Day for a camping trip to Hyatt lake. They re turned May 31. Scouts going wer Dave Force, Ronnie Brown, Ogden Kellogg, and Howard Meisner. Jerry Dillan returned to his home north of Gold Hill May 31 after a two-week vacation in Los Angeles, Calif., where he visited relatives. Mrs. Robert Gray and daughter, Nancy, had as their houseguests over the Memor ial Holiday, Mrs. Loren Gry er and sons, Danny, David and Tim, cf Central Point. Gray and Gryer spent Thursday night camping and fishing at Diamond Lake and Crater -Creek- They returned Friday " Mr. and Mrs. Lester Parker and son, David, and daughter. , Linda, of Lampman rd., had as dinner guests June 1 Mr, 'and Mrs. Earl Remsen and son Danny of Butte Falls. The Remsens are former residents of Gold Hill- Mr,, and Mrs. Jorn Cogswell returned to their home recent ly from a five-Say trip to Spokane, Wash., and Portland Also making the trip was Luke Lawrence, who lives at the Cogswell's Trailer court. He has returned to Gold Hill after a few days at the Veteran's hospital in Portland. Dave Parker, Gold Hill, and Miss Judi Davis, and Mr. and Mrs. George Juveland, all of Central Point, spent Memorial Day picnicking on the Apple- gate. Veterans of Foreign Wars Post 7416 and auxiliary held Memorial Day services May 30 on the lawn in front of the citv hall at 10 a.m. Services were conducted by command er of the local post, James C. Martin. The Rev. Howard Walton, pastor of the Gold Hill Community Methodist church, offered the prayer. Flowers were placed on the plaque by the VFW. And taps were sounded by Kerry Koop man of Boy Scout Troop 43. Following the services at the city hall, they marched to the river where a wreath was thrown in the water for those who lost their lives at sea. Mrs. Maybelle Rains and family spent Memorial Day picnicking on Thompson creek. Those present included her houseguests, Mrs.. J. B. Dotson and children, Thresa and George, who arrived from California May 28, Mr. and Mrs. Robert Goodman and daughter, Debbie, and Miss Barbara Rains, all of Med ford. Before leaving Gold Hill Sunday, June 1, Mrs. Dotson and children visited in the At a meeting of the Gold Hill city council Monday, an ordinance was passed approv ing the budget and levying taxes for 1958-59. An easement has been granted to the city for in stalling a storm drain across the property of Mrs. Mabel Goodwin on Second ave. The council approved pur chasing a power lawn- mower at a cost of $285 from Mor row's Hardware. Several sug gestions for work that should be accomplished during June were made by councilmen. The council recommended that the fire hall roof repair be made this month. Work re maining at the city dump j should be completed, since no money was allowed in next year's budget for such work. Councilmen also suggested that a 4-inch concrete asbestos pipe be purchased with any funds remaining in the water items atter maintenance ex penses are deducted. They also suggested that the mat ter of the Jeddeloh sewer ex tension be investigated to see if this can be made before the end of June, and that some 8-inch sewer pipe be pur chased for future use. , The council recessed until 8 p.m. June 30 when they will meet to finish the fiscal year business. Visiting in the home of Mrs. MUton bteinmetz and son, Harry Leigh, Juna 1 were Mr. and Mrs. W. E. Lucas and children, Gary, Sherry, and Noreen of McMinville, and Mr$. Paula June Franks and youngsters, Michael, Jimmy j and Jerry, of Central Valley, Calif. Mrs. Lucas and Mrs. Franks are nieces of Mrs. Steinmetz. About 40 Hanby school fourth graders and their teach ers, Mrs. Vera Steele and Mrs. Barbara Charles, and several parents went to Jorgensen's May 28 where a guide took them on a tour of the business. Following the visit to the dairy the group went to Ash land. The day was concluded with a visit to the Medford fire sta tion, where the children and adults were shown through the building by the firemen, who explained the operations of the equipment. Parents making the trip were Mrs. Fred Governor, Mrs. Loyd Governor, Mrs. Pete Munday, Mrs. Charles Rosecrans, Mrs. Luther Blake, Mrs. Rollin Rosecran. Mrs. Clyde Kell, Mrs. Thelbert Wright, Mrs. Elwin Wilson, and Henry Paulsen, bus driver. Year-Old Girl Drowns Weiser, Idaho (UPI) Juanita Ferrano, one-year-old daughter of Mr. and Mrs. Jose Ferrano, drowned in an irri gation ditch Sunday near the Ferrano home four miles southwest of here. Helps You Overcome FALSE TEETH Looseness and Worry No longer be annoyed or fel tll-at- ease because of loose, wobbly falsa teeth. FASTEETH. an Improved alka line (non-acid) powder, sprinkled on your plates holds them firmer so they feel more comfortable Avoid embar rassment caused by loose plates Get F ASTETH today at any drug couatoa, It's an eye-opening experience to shop at BIG Y, EASTSIDE and OAK DALE MARKETS because wherever you look, you see LOW PRICES. And for good reason! Our efficient, economical storekeeping enables, us to, make every price a low price. Ifs simple arithmetic a storeful of low prices add up to bigger savings than a handful of "specials"! See for yourself shop here today! . UffiY Ul mi HURRY!! ONLY 2 DAYS LEFT TO REGISTER IN OUR BOAT CONTEST DRAWING WED. NITE, JUNE 11th, 7 P.M. Nothing to Buy Not Necessary to Be Present to Win iL . . i n if. Mi V ) A 11 , URRYS! HOW OPEN BIG Y'S PRESCRIPTION DEPT. HAVE YOUR PRESCRIPTION FILLED WHILE YOU SHOP DILL PICKLES SZT CREAM STYLE CORN, Pheasant, No. 303 cans CHOPPED BEEF !t HOMINY, Gold or White, Pheasant, 303 cans DRIED BEEF SAUERKRAUT, Pheasant Brand, No. 303 cans RIPE OLIVES ESS CHARCOAL, Hot-Glo 10 lb. $1.37 ROYAL GELATINE BETTY CROCKER CAKE MIXES, 8 Flavors SHORTENING M SHORTENING, Market or Cream Rake PEACHES DARK SWEET CHERRIES, Red Tag, Ho. 303 cans PINEAPPLE SSSr CLING PEACHES, Del Monte, Flo. 303 cans JUICE STRAWBERRY PRESERVES, Market SWEET PEAS 5 Del Monte , Sliced or Halves Del Monte Orange Del Monte Blend 2 ,01 49s 10 for $1.00 10 for SI. 00 2 $400 for I 10 for $1.00 4 Ho. I $400 cans I 25 lb. $2.79 20 r 2 pkgs. 65c . 6-lb.$449 can I 3-lb. can 79c 4 No. 2V2 $400 can I 4 for $1.00 4 Ho. 2 $400 cans ; 2 for 45c 346-oz.$400 cans 2-oz. jar 39c Ho. 303 $400 I 10 cans Redeem Your Friskies . Kibbled Coupons Here g-1 fr FRISKIES T -- M 6 varieties. uSSjLJm " 26"0Z. IflC flavors-& colors! 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