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! Z2Lfflm n V
A complete UiQfl BOX "
Boyd's
Famous
Hon-Fat
Dry
Market
48 bag 69c
Challenge
qt. 59c
Gold Medal
or Drifted Snow
COFFEE
UPTON'S BLACK TEA
MILK
SALAD OIL
FLOUR
lit PROTEIN CEREAL, Kellogg "K"
WESSON OIL
CANNED DOG FOODS, Gaines
DETERGENT M
" 1
LIQUID DETERGENT, Market
WISH .5? 69'
FAB DETERGENT Washes Glean Clear Thru
FOIL
2i
lb. $459
can
16 bag 27c
c
Ho. I cans
12-qt.gfi
Pkg. Jf
Delrich qt.59e
joys'
6-oz.box29c
12 $403
Gallon
8 for $ I. CD
Giant ffftc
Dox
Giant can59c
12-Gal. $403
Can
Reynolds
Large 1 8-in. x 25 ft.
PAPER NAPKINS, Zee White, 80 Count
SHRIMP
Blue Jacket
Small Cocktail
Bumble Bee
Chunk
PACIFIC OYSTERS, Market Small, 8-oz.' cans
TUNA FISH
OYSTER STEW, Willa Point, 7-oz. can
SALMON
Giant bx 77c
$403
Ckgs.
ft pkgs. 25c
$403
cans
3 for $1.00
No 12 $403
cans
2 for 49c
1
c
i
6
3 $i
3 ens
1
No. I
can
39'
1
Redeem Your Friskies
Biscuits Cou pons Here
""friskies j -T
y$Ll 26-oz. JQe
colors! Variety! IJav A
Convenience! . QffijMjjj? VA DO A 1 ' ' m .
A complete' 15?iI?Mli
dog food. fSmy