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MAIL TRIBUNE, MtdforJ, Oregon, Thursday, July 3, 1958
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Pension Funds Becoming Factor For Stability in Stock Marker
By ELMER C. WALZER
UPI Financial Editor
New York (UPI) Pen
sions and pensioners are two
words in good repute these
v Havs.
P en sion
funds are be
coming a fact
or for stabil
ity in the
stock market.
Each year
some $5 bil
lion are col
lected for pen
sion funds and
many of tnem go into stocks.
Good words are said for
Chief foreign buyers of
United States farm exports
in fiscal 1957 were, in order,
United Kingdom, Japan, West
Germany, Canada, Nether
lands, Italy. Belgium, France
and Cuba.
the pensioners and there's
many a tear shed for their
inability to keep income up
to the inflation level of the
dollar.
The, funds are administered
by banks, insurance com
panies and private companies.
The money piles up and must
be invested.
' These are just one facet of
the many-sided retirement
program of America. There is
a phobia for retirement.
A Common Topic
Books have been written
about retiring early and en
joying the last days of one's
life. At the same, time, there
are thousands of words pour
ing out on the fallacy of
forced retirement at 65 when
many are capable of work
ing much longer. - ' -
The ' pensions go - on. IThe
mutual funds are stored away
for the time when one retires
And now there's a drive on to
sell variable annuities for re
tirement annuities which
will vary in their payment as
the market moves up or down
and are supposed to take up
the slack of inflation of- the
dollar.
It wasn't many, years ago
when a pensioner was a for
mer government worker or
soldier. Today he comes from
many fields.
At one time: the pensioner
wasn't thought of too highly.
Back in our Revolutionary
War days, Samuel Johnson in
England let his prejudices out
a few notches when he de
fined pension in his diction
ary. Soak Up Stocks
"Pension," said Dr. . John
son of whom James Boswell
wrote a big fat volume, ": An
allowance made to any one
without an equivalent. In
England,, it is generally un
derstood to "mean pay given
to a state hireling for treason
to hi country."
Now a pension is honorable
and so is a pensioner. --
Along with pensions, there
are many other funds soaking
up ' the cream of the stock
market. There are college en
dowments, generously season
ed with common stocks, reli
gious and charitable institu
tion funds, closed-end and
open-end investment company
funds, and .many, others.
Banks and insurance compa
nies also invest large parts of
their monies as much as the
law allows in stocks.
. These funds take up the
bluest bloods of the market.
And.recently.wthey have been
taking them faster than new
issues were floated. That
o
means a reduction in the sup
ply of stock available.
Se-eral Solutions
So far the problem hasn't
been too great and one can
buy stock but not too much
of it at a time. Market men
note that a sizable buy order
quickly brings a substantial
jump in price.
There are two things that
could save the day so far as
stock supply is concerned, and
one. of them isn't ' considered
good. That one is a decline in
the market that would make
Sawdust
Medford Fuel Go.
Tel. SP 2-2111 Court 1 McAnd
I I
more stock available. And
the other is flotation of more
equities which doesn't seem
at hand right now and won't
be until there Is a sharp pick.
up in general business.
Of course, there's another
which isn't mentioned in
Washington society. That is
reduction of elimination of
the capital gains tax.
Announcing . . .
NEW LOCATION!
766 South Grape
Industry Council So. Oregon.
Medford Pear Shippers Ass'n.
Fruit Growers League.
Contractors ssfn So. Oregon
STANDING ON BALCONY (top), American Embassy per
sonnel watch demonstration by Moscow crowd in retalia
tion for riot by Hungarian sympathizers outside Russian
United Nations office in New York recently. (UPI Telephoto )
The Family Council
Editor's note: The Family Council consists of a Judge, a, psychiatrist,
threa clerevmen. x newsoaDer editor, a women's editor and two writers
Each article Is a summary ot an actiial report. The Family Council does
not give advice; it merely reports on problems that have been dealt
with by responsible agencies and counselors.
Mrs. H. L. I should go to
a nursing home
Greta J-
duty.
-I want to do my
Mrs. H. L. I'm an elder
ly widow and until recently I
had lived for many years with
my oldest son and his family.
I was very happy and com
fortable there, but finally my
son and his wife decided they
wanted to travel around for
a year and they sent me to
live with my daughter.
My daughter anijl never
got along too well and now
that she feels she has to take
care of me; things are worse
than ever. I am not too well
and I suppose it is annoying
to have to cater to mwants.
I think it would be T5est for
everyone concerned if I went
to a nursing homI realize
this would be quite an ex
pense, but I think my son can
afford it and would be willing
to do it if he realized how
unhappy I am living here.
Greta J. My brother would
hit the roof if I mentioned a
nursing home to him and
my mother knows it. She just
does it to taunt me. She has
always taken pleasure in sug
gesting that I have no use
for her and she would be at
the mercy of a cold, cruel
world without my brother.
The fact is I love my mother
but she does make things
hard. My husband and I do
not have my brother's money
and live in a much more mod
est way. AVe have a small
apartment. Mother never goes
out so we have no chance to
ever really be alone as we
were before.
If only Mother wouldn't be
so irritable and would get in
the habit of going out, bit
it wouldn't be so bad. I want
to djRmy duty. The responsi
bilitjbhas beenon my brother
too long. O
The Council: Many elderly
persons are a bit too ready to
take on a role of more help
lessness and dependence than
is necessary. Then they feel
they are a burden to others.
This seems to be the case with
Mrs. H.L.
Men and women like Mrs.
H.L., feeling their increasing
age and infirmity, are fright
ened and wonder if their chil
dreno really want them any
more. Just to find out whether
they are still loved they make
things a bit harder than need
be, and children who might
otherwise willingly take on
their. responsibilities begin to
feel a bit resentful. The par
ent feels his question is an
swered. He is unwanted.
Children, on the other hand,
often fail to realize their eld
erly ; parents require reassur
ance of affection. They wilt
and become disagreeable with
out it and flourish when they
get it. .
Greta, for example, should
have recognized that her
mother felt lonely and dis:
possessed after long years in
her son's home. It was Greta's
business to make her mother
feel at home, to introduce her
to the new neighborhood, to
help her find friends. If she
had done so, Mrs. H.L. would
have been more inclined to
o out and would feel far
more cheerful. '
Mrs. H.L. should make the
effort to take care of her own
needs and to contribute as
much to the household as pos
sible. It may be a little hard
physically at times, but she
will feel much better for the
effort. It will help her feel
independent and less of a bur
den? She should also try to de
velop some interests which
she can pursue alone in her
room, so she won't have the
feeling of being unable to oc
cupy herself without her
daughter.
i (Copyright 1858,
General Features Corp.)
Bristol is . a twin city, half
in Tennessee and half in Virginia.
PEN ; NIGHTS.'1
SHOP FROM 9 A M. TILL 8 PM.
Thru TWsday Closed, the 4th Satosday 9 an. fc 5:30 p.m.
Lucas & Howard's BIG
STORE-
WIDE
JULY
SAVE ON -
Furniture! Floor
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FREE
SODA POP FOR
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LUGAS & HOWARD'S
FURNITURE BARN
AIR CONDITIONED FOR YOUR COMFORT
South of Central Point on 99 North of Medford
ftoir
aft th Joksm Cowfcy IFedbirot
We Specialize in Thrift
A primary function of this Asso
ciation is to help you save. Thrift
is not i "sideline" with us, but our
primary business. That results in
better thrift service for you.
As.
Finest Security
In the World
Your money in this Association goes
into the finest security in the world
the American home. Our chief
investment is in prime first mort
gages on residential properties ...
another advantage of a specialized
thrift institution such as ours!
Savings
Deposited
by July 10
Earn
Dividends
From
July 1
2.
Choice of Thrift Plans
At this specialized Savings Association,
you have a choice of plans: Save as you
please, any amount any time; save regu
larly, on a schedule, if you preferor, save
in larger . amounts and receive dividend
checks periodically. Choose the plan that
tits your needs best..
Semi-Annual
FINANCIAL STATEMENT
June 30,-1958
Assets
First Mprtgqg Loon
loons on Saving Accounts.
Othfr Loans
A
1 Co
Properties Sold on ContractJ :
Real Estate Owned and in Judgment
Investments and Securities.
'United States Government Bonds
Cash on Hand and in Banks
Office Building and Equipment.
Deferred Charges and Other Assets.
$10,771,713,3?
76,550.15
9,175.59
20,713.27
12,405.53
199,600.00
931,095.84
. 1,473,578.79
57,303.43
87,348.84
$13,639,484.83
Savings Accounts
Loans in Process
Other ' Liabilities
Specific Reserves
General. Reserves
Undivided Profits
LIABILITIES
.$11,809,674.59
283,842.26
. 192,657.14'
15,799.44
1,106,107.54
. ' 231,403.86
$13,639,484.83
Atove Average Earnings
Because we specialize-in sound and prof itable type of investment,
and because all earnings of this Association, after expenses and pro
vision for reserves, go to our savers, you receive dividends here that
are above the average. . Yes, it pays to save in this specialized thrift
institution . . in dividends, safety, security and service!
A dividend at the rate of 3'4 per
annum and an extra dividend at the
rate of Vi per annum has been de
clared on your share account for the
six month period ending June 30,
1958.
'
r J '
mm a aaw r r
Qocimm vow
126 E. Main
Mtdford
LOAM ASSOCIATION
y y .wsra i
tmmx
y y 5v 9t jgj
y
yy?0 Complete Safety
For Your Savings
- The safety of your savings in this
Association is protected by prudent V
. management directed by success
ful business men in this area. It is
doubly protected by the fact that
your savings here are insured "up to
W ' $10,000 by the Federal Savings and
' Loan Insurance Corporation.'
. Savings , :
, . Deposited
by July 10
. ' 1 Earn.:
' ' Dividends :
v From
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'Where You Are
Paid To Save"
Make the money you work for do
more work for you. Open a Savings
Account with us. When you put your
money to work here, it earns more!
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