Medford mail tribune., July 16, 1958, Image 13

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Adverse Market News Building
With Favorable Development
By ELMER C. WALZER
UPI Financial Editor
New York, UPI Adverse
market news has been build
ing up recently along with fa
vorable devel
ments. The near bal-
r " t ance may be
- nffsut nm m
jT'r H market men
list is rather
u r lhih with
yields down
O Elmer Walzer ana a great
irgny with fat profits in a po
sition to sell at a long-term
capital gain profit.
However, until the Iraq re
volt cafne along there was a
bullOh undertone to the gos
sip in the Street. The full ef
fects of that cannot be deter
mined and if it can be ironed
out without too much difficul
ty the market could be in a
position to gloss it over, it is
held.
On the favorable side, as
the financial district sees it,
is a government move to look
way ahead to the 1960 fiscal
year with admonitions to hold
down spending. That would
indicate, it was said, that the
administration is convinced
the recession will be oat of
the way by next July with re
covery well under full steam.
Just now the bright spot is
1 1
I I Mr.
SAVE! SAVE! SAVE!
o On All Purchases of $50.00 or -More
From Brooks . . . You Buy At
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WHOLESALE
PRICES!.-
This Is our BRAND NEW PRICE POLICY that is in effect
right rSw and will be In tffect fm now on. There are
no flimmicks . . . this is NOT a sale! When you buy at
Brooks . . . you buy at WHOLESALE I
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All Famous National Standard Brands That Carry the
Manufacturer's LabeJ and Standard Warranty!
AMERICAN STANDARD
BHIGGS CHAME
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Choosy Ffcm Samples
elivary In From
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rooks
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an P Dumbing
1J)16 U. tivtrside Ave.
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UNITED
PRESS
INTERNATIONA
o
steel which is holding up betr
ter than expected. A steady
inflow of orders would make
possible a price rise in the not
distant future.
Building has been a boon to
the recovery forces. Also re
cently auto sales have risen
to new highs for the year.
And the rail picture has im
proved. On the adverse side the
principal worries have been
over the lack of top leader
ship and a tendency toward
speculative activities.
Much is being made of the
recent rise in brokerage loans,
even though much of it was
the type collateraled by gov
ernment bonds. There has
been speculation in stocks but
more of it seems to center on
government bonds.
Not a few of the trades in
the recent offering of govern
ments represented activity of
the so-called free riders who
got burned in their attempt
to make a "fast buck."
Insiders Selling
There has been consider
able speculation in low prices
shares on the New York mar
kets and American traders
have been lured in a big way
into low-priced stock specu
lation in Canada.
" Also, it is noted that in
fers officials of compan
ies have been selling more
e WESTINGHOUSE
NUTONE " OTHERS
In Our Showroom
1 to 3 Days!
Electric
the world.
L
MEDFGRD
MAIL TRIBUNE
stock of their own companies
than they have been buying.
The speculative urge seems
present, in greater quantity
than in a long time in both
stocks and bonds. That con
jures up the talk of a rise in
margin requirements.
With the Treasury coming
into the market with big op
erations soon, it is guessed
there will be no changes in
margins or money generally.
Flood of Reports
The market has ahead of it
a flood of second quarter re
ports which are expected to
make anything but good read
ing. These, however, may
have been discounted a long
time ago, say the experts. Bad
news, such as the Ford divi
dend cut, it is recalled only
had a momentary influence
on the market.
The bears are holding tight
to their commitments. 'The
bulls haven't given up but it is
held they could be frightened
into unloading if the Middle
East situation worsened.
United fo Use New
Processing System
New York A $16 million
passenger reservations system
the largest interconnected
electronic data processing sys
tem ever to be built for any
industry has been ordered
by United Air Lines from the
Teleregister Corporation of
Stamford, Conn., W. A. Pat
terson, United's president, has
announced.
The system will make in
stantly available to more than
2,500 ticket sales agents in
208 offices throughout the
United States complete reser
vations information on all
flights for one year ahead.
Marking a major break
through in communications,
the system for the first time
adapts relatively inexpensive
telephone- lines to on-line
transmission of digital data in
excess of 1,300 words-per-min-ute
with unique high-speed
switching and terminal equip
ment. This is 15 times faster
than previously possible.
The passenger reservations
network will be placed in op
eration the later part of 1960,
i connecting 80 cities on
I United's 14,000-mile system.
As a facility for electronic
processing of data, it will be
second only to SAGE, the na
tion's early warning defense
network.
FEWER MENTAL CASES
Omaha (UPI) Establish
ment of out-patient clinics was
credited for the fact that Ne
braska led the nation in re
ducing new admissions to
mental hospitals during 1957.
The American Psychiatric as
sociation and the National As
sociation for Mental Health
reported that the state had a
reduction of 23.5 per cent dur
ing 1957.
. . around the clock
1-rom every quarter of the globe, every minute of the 24-hour day,
United Press International gathers and speeds to you the true and full
story of what's happening the world over.
Six thousand alert and expert U.P.I. newsmen, working out of 200
bureaus in 48 countries, report the news at the source.
Cables and wireless circuits spanning every ocean, 400,000 miles of leased
telegraph lines spanning the continent flash it to you to read at the
earliest possible instant. Wherever news is breaking whether in
the next hemisphere or the next county U.P J. gets it and makes sure
you get it accurately, completely, and fast
For everything that's going on everywhere, read United Press International
dispatches in
The Family Council
Editor'! note: The Family Council consists of a judge, a psychiatrist,
three clergymen, a newspaper editor, a women's editor and two writer!.
Each article is a summary of an actual report. The Family Council does
not g4ve advice; it merely reports on Droblems that have been dealt
with by responsible agencies and counselors.
Laura L. My husband re
fuses to retire.
Louis L They think I'm
on my last legs.
Laura L. My husband and
I are nearing 70 and have our
own small business. Neither of
us is in very good health and
the business has been going
steadily downhill over the
past few years.
We have four children who
want to help us out if my
husband will retire. They
could do it with very little
strain. Our needs are quite
small. But my husband stub
bornly refuses.
The worst of it is that des
pite the fact that he works
about 12 hours a day, much of
it at hard labor, my husband
doesn't quite make ends meet.
Last year the children had to
help out with certain ' emer
gency expenses in connection
with the store. It cost them
more than it would to support
us.
Louis L. For no reason at
all, my family has suddenly
lost all confidence in me.
They don't seem to recognize
there is a recession on. I pull
ed through worse periods then
this with my business and j
came out on top. I m still able
to do it.
I'll pay the children back
with interest for every penny
they put into the business last
year.
When I ask my wife what
am I going to do if I retire,
she says, "Garden, read the
papers, see your friends."
Well, I do that on the week
end and I'm just about sick of
it when Monday morning rolls
around. -
My whole family seems to
take the attitude that I'm on
my last legs, but the doctor
thinks I'm in top condition for
my age.
The Council: We're with
Louis.
It is hard for young persons
to be forced to stand by and
watch an older person over
exert himself physically, but
Phone Call Gives Out
Dispute Information
New York (UPI) Mem
bers of the United Telephone
Organizations can get latest
information on the union's
contract dispute with the
New York Telephone Com
pany by dialing one of four
telephone numbers where
they hear it summarized on
a recording.
The service was bought
from the company by the un
ion for $500 a week to keep
its 20,000 members informed
of the daily situation.
History records more than
50 major eruptions of Mount
Etna, Europe's highest active
volcano.
if the only alternative to such
work is complete retirement,
the younger person should re
strain that helping hand as
long as possible.
The body recovers from its
aches and weariness, but the
mind that wakes to day after
day of monotonous emptiness
cannot recover.
Besides, doctors agree that
most of our bodies suffer far
more from underactivity than
overexertion. Certainly, a
man who has done hard physi
cal labor all his life will
suffer severely in a physical
sense from sudden retirement.
Harried young and middle
aged individuals imagine
nothing can be more delight
ful than to have the time to
"garden, read the papers, see
your friends." That's because
these activities represent an
oasis of pleasure in the midst
of a busy and challenging life.
Deprived of his sense of in
dependence and of all goal
and challenge, the older per
son often finds these activities
tiresome and certainly unsat
isfactory as a goal to look for
ward to every mornng.
Laura cannot really appre
ciate this problem because
she would continue to be in
dependent and of use to her
self and her husband. As long
as she is physically able there
will be housework to do.
Louis ought to try to taper
off a bit on the heavy work,
but if it can't be managed,
his children should try to ac
cept the situation. .
(Copyright 1958.
General Features Corp.)
LEGAL NOTICES
ADVERTISEMENT FOB BIDS
Sealed bids will be received by
Mrs. Merle Obenchain, Clerk at
Office of Superintendent, Central
Point, Oregon, until August 7th,
1958, 8:00 o'clock P.M. for an addi
tion to Central Point High School
(Crater High School) Building for
School District No. 6, Jackson
County, Central Point, Oregon and
will then and there be opened and
publicly read aloud. Bids received
after the time fixed for opening
will not be considered.
Plans, Specifications and Con
tract Documents may be examined
or may be obtained at the office
of Hayslip, Tuft, Hewlett & Jami
son, Architects, 2040 S.W. Third
Avenue, Portland 1, Oregon, after
July 18, 1958, upon a deposit of
$25.00 for each set of documents.
Up to two sets will be furnished
each prime bidder at the stipulated
deposit sum per set.. Additional
sets will be provided upon re
quest at the bidders expense at
515.00 per set. Deposit sum will
be refunded to all but successful
bidder upon return of bid docu
ments in good condition within 60
days from bid date.
Attention is called to Bidders
Prequalification, Sections 279.012,
279.014, -279.016, 279.018, 279.020.
279.022, 279.024, O.R.S. which must
be filed with the Clerk 10 days
before date for opening of bids.
Forms may be obtained at the of
fice of the Architects.
No proposals will be considered
unless accompanied by certified
check, cashier's check or bid bond
(with authorized surety company
as surety) made payable to the
Owner in an amount of not less
than 5 of the amount of the
bid. Surety bond will be required
in accordance with terms of con
tract documents.
The School District reserves the
right to reject any or all bids and
to waive informalities.
No bidder may withdraw his bid
after the hour set for the opening
thereof or before award of the
Contract, unless said award is de
layed for a period exceeding 30
days.
Mrs. Merle Obenchain, Clerk
First Publication July 16, 1958
Second Publication July 23, 1958
NOTICE
In the Circuit Court of the State
of Oregon for Jackson County
In the Matter of the Estate of
Carl Herslof, aka Carl J. Herslof
and Carl Julius Herslof, deceased.
Notice is hereby given that the
undersigned has filed her Final
Account in the above entitled mat
ter, and the above entitled Court
has fixed the 8th day of August,
1958, at 10:00 o'clock, A.M. in the
Circuit Court Room, in the Court
House in Medford, Oregon, as the
time and place for hearing objec
tions to said Final Account and for
the settlement thereof.
JENNIE M. HERSLOF
Executrix
Skyrman & Heisel
Attorneys for Executrix
NOTICE OF ELECTION
NOTICE is hereby given that the
Sanitary Board of the South Bear
Creek Sanitary District has ordered
an election to be held within said
District on July 24, 1958, for the
purpose of voting upon the question
of whether the levying board of
South Bear Creek Sanitary District
shall be authorized to levy taxes in
an amount in excess of the 6
limitation imposed, by Section 11.
Article XI, of the Constitution of
the State of Oregon. The polling
place for said election shall be
Camp-U-Rest, 3761 South Pacific
Highway, Medford, Oregon, and the
polls shall be open from 8:00
o'clock AM. standard Oregon time
until 8 :00 o' "lock P.M. standard
Oregon time.
Dated and first published June
25, 1958.
Margaret Smith, Secretary
South Bear Creek Sanitary
District
CALL FOR BIDS
Sealed bids will be received by
the Board of Directors of School
District 549C, Jackson County,
Oregon, at the Board's Office, 500
Monroe Street, Medford, Oregon up
to 5:00 PM Tuesday, July 29, 1958
for asphaltic concrete paving an
estimated area of 15.300 square
yards as shown on the plans, ad
jacent to Hedrick Junior High
School at East Jackson and Keene
way Drive, and to Oak Grove
School on the Jacksonville High
way, Medford. Oregon.
Specifications, plans, and de
tails may be obtained from the
school clerk at the Administration
office of the Medford Public
Schools, 500 Monroe Street, Med
ford. Wilson G. Slater
Clerk. Dist. 549C
CUSTOM KILLING
CLEAN - RELIABLE
at Your.Place and
Delivery to Your Locker
Aging room available. Expert
cuffing, wrapping & marking
of your meat for locker or
home freezer.
PHONE SP 2-6219 .
MEDFORD ICE
& STORAGE CO.
25 Full-Time FTC Sleuths Protect Public
Against Gyps in Wool, Fur Garment Trade
By LOUIS CASSELS
United Press International
Washington (UPI)
There is one thing worse than
having to buy your own vi
cuna coat. That's paying for
vicuna and not getting it.
The Federal Trade Commis
sion has a staff of 25 full-time
sleuths whose job is to see
that you do not get gypped
when you buy a fancy wool
or fur garment.
It was these FTC detectives
who lodged mis-labeling com
plaints against Bernard Gold
fine's mills, and sent Gold
fine in search of his friend
Sherman Adams.
Policing the wool and fur
Jackson, Miss. (UPI)
James Henry Young, charged
with bigamy, told a court
Monday he took a second wife
last November because he was
unaware of any law against it.
LEGAL NOTICES
NOTICE TO CREDITORS
IN THE CIRCUIT COURT OF THE
STATE F OREGON, FOR JACK
SON COXJNTY
IN PROBATE
In the Matter of the Estate of
LESLIE E. McFALL, Deceased.
NOTICE IS HEREBY GIVEN
that I have been appointed by the
Circuit Court of the State of Ore
gon, for Jackson County, as Ad
ministrator of the estate of Leslie
E. McFall, Deceased, and have duly
qualified. All persons having claim
against said estate are hereby noti
fied to present them, with proper
vouchers and duly verified, to me
at the office of Kelly & Kelly,
Attorneys, No. 20 Goldy Building,
Medford. Oregon, within six months
from the date of this notice.
DATED at Medford. Oregon, this
16th day of July. 1958.
WILLIAM McFALL
ADMINISTRATOR
NOTICE TO CREDITORS
IN THE CIRCUIT COURT OF THE
STATE OF OREGON FOR JACK
SON COUNTY
In the Matter of the Estate of
CORA MOORE, Deceased.
Notice is hereby given that the
undersigned has been appointed by
the Circuit Court of the State of
Oregon for Jackson County. Execu
tor of the estate of Cora Moore,
deceased. All persons having claims
against said estate are hereby noti
fied to present the said claims with
proper vouchers to the undersign
ed Executor at the offices of Harbi
son and Piazza, 207 U.S. National
Bank Building, Medford, Oregon,
within six months from the date
of this notice. Dated and first pub
lished this 16th day of July, 1958.
Charles E. Collins, Executor
Harbison and Piazza ,.
Attorneys for Executor
NO. 10322
NOTICE TO CREDITORS
IN THE CIRCUIT COURT OF THE
STATE OF OREGON FOR JACK
SON COUNTY
PROBATE DEPARTMENT
In the Matter of the Estate of
THOMAS K. FLYNN, Deceased.
Notice is hereby given that the
undersigned has been appointed
and qualified as Executrix of the
Estate of Thomas K. Flynn. De
ceased, and all persons having
claims against said estate are here
by notified to present the same,
with proper vouchers, at the office
ot my attorney, Robert D. Dames,
1 Goldy Building. Medford, Ore
gon, within six months from the
date hereof.
Dated and first published this
16th day of July, 1958.
LILLIAN A. FLYNN
Robert D. Dames
Attorney for Executrix
-,y V
'
Ml
c? IO
1CAV
.
S.w
trades is quite a task for 25
men. It involves keeping a
beady eye on the quality,
price, labelling and adver
tising practices of some 65,
000 manufacturers and 300,
000 distributors.
The FTC men have been
unusually busy lately. During
the 1958 fiscal year, which
ended June 30, they tagged
77 firms with formal com
plaints for violating the Fur
Products Labeling Act. They
filed 36 formal complaints for
deceptive label or pricing of
wool. About 90 more cases
are no pending.
Many Warnings Issued
Formal complaints are is
sued only in serious cases. The
FTC tries to handle minor or
unintentional infractions by
issuing an informal warning
to the offender and obtaining
his written assurance that
he'll toe the line hereafter.
About 2,500 cases were han
dled this way during the past
12 months.
Harvey H. Hannah, chief
of the FTC's Wool and Fur
Division, readily admits that
his small staff can't catch all
of the sharp operators in the
far-flung wool and fur trade.
This is a job in which we
urgently need the public's co
operation," said Hannah in an
interview. "We are trying to
educate consumers to help us
enforce the laws Congress has
passed for their protection."
The first step in this edu
cation program, Hannah said.
is to make the public aware of
what the laws require.
The Wool Products Label
act of 1939 says that suits,
blankets and other woolen
goods must bear labels which
accurately describe the "fiber
content" of the product in
plain English. For example:
60 per cent wool, 30 per cent
rayon, 10 per cent cotton."
Common Violations
Re - used or re - processed
wool must be clearly identi
fied. When "specialty fibers
like vicuna, cashmere, mohair
and alpaca are used in a gar
ment, the-precise percentage
must be shown on the label.
WANTED
Saleswoman
Age 20 to 35
Experience preferable
Our employees know of
this ad. All inquiries
confidential. Write: Mail
Tribune, Box 7138-D.
NOW
The Mail
summer
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W will hold the Mail Tribune while vou are en vour vacation. Each
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VACATION PAC SERVICE IS FREE!
No papers to pile up on your porch. You will be able to catch-up on
all local news and special features when you return.
When you leave on your vacation lust complete this handy order
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a m n &
MAIL TRIBUNE, Medfori, Oregon, Wednesday, July 16, 1958 IS
Exaggerating the amount of
specialty fibers in a product
is one of the commonest vio
lations. Hannah said consum
ers should be suspicious any
time they are offered gar
ments purportedly containing
exspensive fibers like cash
mere or vicuna "at ridicu
lously low prices."
' Another common violation
is failing to identify re-used
wool. Hannah offered this tip
to buyers: "The fabric or re
claimed wool is very weak. If
you put your fingers on either
side of the material and work
them back and forth you can
put a hole right through it."
When the traditional "Aug
ust fur sales" get underway
next month, Hannah said you
can be reasonably confident
that no "one will try to sell
you a "mink" coat that really
came from a muskrat. That
kind of flagrant mis-labeling
of fur has virtually disappear
ed since the Fur Products La
beling act took effect in 1952.
The Babbitt's Rise
Prior to that law, the pelt
of the iowly rabbit was mar
keted under 96 different fancy
labels, including "Austalian
seal," "Baltic lion," and "Bel
gian beaver."
Today all furs must be la
beled with the plain English
name of the animals from
which they come. Rabbit, de
prived of its elegant pseudo-
nymns, has virtually diappear-
ed from fur shops.
The big racket in fur selling
-today, Hannah said, is "ficti
tious pricing.'
Although the law explicitly
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Vllbb iW ill -
forbids such things, many fur
riers still fish for suckers with
extravagant claims about
price markdowns "and sacri
fice sales." They ticket a coat
at a price far above its actual
retail value so that a glib
salesman can "knock some
thing off" for the customer
i who wants to haggle
"If you are gullible enough
tp think you can get some
thing for nothing, you'll prob
ably be victimized by un
scrupulous fur dealers," said
Hannah.
"Your best protection it to
know your dealer. Buy only
from a reputable merchant
who will stand behind his
product. And do not be so
naive as to think you will
actually find a high-quality
fur at an outrageous bargairD
price."
If you do get gypped or
think that you have been
write to Hannah and give him
all the details. His address is
Federal Trade Commission,
Washington 25, D. C.
SMITH-D YNGE
Lumber Co.
o
8th & Fir St.
n
return.
. or ust bring it in
r
ORDER Camalete This
Name " " ; : SP 2-6141
OUTC YOUR Z AddrCSS "-! ":"
ORDER NOW! City Jl S
f