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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 24, 1958)
1 G 4A MAIL TRIBUNE, Madford, Oron, Thursday, July 24, 19SS Siskiyou Music Camp Completes Season Ashland The Siskiyou Music Camp, Southern Ore gon college music depart ment's combination of recrea tion and musical education, closed with its presentation of its annual concert Friday in Churchill Hall. Totaling about 40 members, the camp band included 11 school band directors from the three West Coast states, ac cording to Glenn Matthews, SOC associate professor of music and the founder of the summer camp. COPCO Home Show - "Homemaker's Intermission p,e.TV Barbecue Show KBES-TV - 3:00 P. M. Friday, July 25 Home Show Hostess Bev Lyons will have as her guest Mr. B. E. Duin, Meat Consultant for Safeway Stores. Safeway meat cuts and products will be featured on the program. Easy-to-Memorize o 3 SWARMING ASHORE, U. S. Marines take control of Beirut International Airport without opposition from Lebanese rebels. Landing field plus aircraft carriers give United States powerful threat against Syrian forces massed on border of Lebanon. Valuation of New York Stock Exchange Stocks Hears Record Elmer Walzer would be one By ELMER C. WALZER UPI Financial Editor New York (LTD Valua tion of all stocks listed on the New York Stock Exchange is i j.,. nearing the record high set on JUiy ji, m;7 -.4- 795 billion. A And the - i i . .f this year had brought out a rate of $30 billion for the year which of the highest in years - except 1955 when the value of all trading for the year reached $32,745,000, 000. For all of 1957 it was $27,451,000,000. Since the first of 1958, the market has risen in value by around $29 billion on the basis of all shares listed. The turn over has risen too and recent ly has been around 15 per cent of all listed shares. Trading is running around Get non-caloric, non-fattening M.C.P. JELSWEET LIQUID SWEETNER hi 25 PURSE SIZE BOTTLE "With purchase of 4 oz. bottle at regular price. 37 million shares above the corresponding period of 1957 and nearly eight million shares higher than 1956. It is 58 million shares under the 1955 period but could catch up before the year-end. No Match For U.S. Bonds The $30 billion rate of mar ket turnover for stocks is big but nothing like the average Treasury operation in gov ernment bonds which runs about $41 billion in refunding and new money operations yearly. Practically the entire mar ket for U.S. governments is over the counter. Some $88 billion of governments is list ed on the big board but these issues seldom trade and then only for purposes of record. So far this year only $4,000 par value of U.S. governments has traded on the stock ex change. In all of 1957, the turnover for the governments was only $73,000. The Treasury itself has been in the market on an av erage yearly basis for $41 bil lion of governments since 1946. And its trips will in crease now that maturities are narrowing. No Let-Up Seen There has. been talk of money rates firming to fight inflation. If they did the Treasury would have diffi culty refunding billions in bonds and notes. Hence the belief in the Fi nancial District that money will be eased and kept easy to prevent a rout in the govern ment bond market. Inflationary operations of the Treasury in its sale of bonds to banks to raise new money keeps the kettle boil ing and those who feel that inflation can be hedged in the stock market are expected to keep right on buying stocks with the result the list might rise and rise, And the recent support for the government bond market by the Federal Reserve also is regarded as inflationary in that it produces more money which is the basis of inflation. The Fed buys the bonds. Those who sold them deposit their money in a commercial bank. They spend it and the person who receives it de posits it in his bank. By the time the links are hitched to gether the credit of the Fed rises five or six times the amount of bonds purchased Credit Structure Enhanced Sale of government bonds to commercial banks by the Treasury works the same way, The banks buy the bonds, and the Treasury deposits the money received. Soon the credit structure is enhanced by five or six times the value of. the bonds sold. Those who look for the 500- barrier to be broken in the industrial average hold that the main incentive in stock buying is inflation although none belittles the influence of institutional purchases which mainly are for investment. Nixon Tells GOP They Face Hard Fight Washington (UPD Vice President Richard M. Nixon told a group of top-level Re publicans today they "face a real fight" to win the congres sional elections in November but they can do it by working hard. MOTHER NATURE PROVES THAT DOGS REQUIRE FATS IH THEIR HERE'S THE PROOF: fat 1co::teht in miui J v A complete, balanced diet ready to serve. No additional meat is required. o I fvlOTKEtt DOG COW; ; .". HUMAN . . tl.2 4.0 3.5 .tiiwwii'ft rff 4i3boSiltJ!i WSfe AVAILABLE IN 2, 5, W -Ji, -MSISm 10, 25 lb. SIZES ENERGIZED! with fresh beef fat Test after test has proven that dogs do require a high percent age of fat in their diet (3 times that of man). Dr. Ross' vita-meal and vita-bits are fortified with fresh beef fat to give your dog his daily requirements. vita-meal and vsfa-bits THE WESrS LARGEST SELLING QUALITY PET FOODS! Kill iriG! 4 Simple but so smart! tThis easy - to - memorize square makes varied seirloom acces sories, v Four squares make a pillow; 6, a scarf 16VSx25 inches; 36, a 50-inch cloth. Pattern 7159; crochet directions for 8i4-inch square in No. 30 cotton, large in string. Send THIRTY-FIVE cents (coins) for this pattern add 5 cents for each pattern for lst-class mailing. Send to Med ford Mail Tribune, Household Arts Dept., P. O. Box 168, Old Chelsea Station, New York 11, N.Y. Print plainly NAME, ADDRESS, and PATTERN NUMBER. Send TWENTY-FIVE cents more for a copy of our Alice Brooks Needlecraft Catalog. Two complete patterns are printed right in the book . . . plus a variety of designs that you will want to order: cro chet, knitting, embroidery, huck weaving, quilts, toys, dolls. Half-Size Magic hi 53 &i 4 m m m LI & jr 9061 Half-sizers! You'll look so slim, smart and cool" in this easy-sew sundress! A printed pattern, it's proportioned to fit the shorter fuller figure. For fall, make jumper-and-blouse version. Printed pattern 9061: Half sizes 14V2, I6V2, I8V2, 2OV2, 22V2, 24Vz. Size I6V2 sun dress takes 314 yards 39-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 Trib une, Pattern Dept., 232 West 18th St., New York 11. N.Y. Print plainly NAME, AD DRESS with SIZE and STYLE NUMBER. The perfect answer to an outdoor bar- becue. Jender "USDA CHOICE" beef. Reg- 1,29 Special price this weekend. Value CO S9 c .OK All Safeway beef is "USDA CHOICE." Proprly "Aged" and Guaranteed 100. Another Great Barbecueing Suggestion ... Boneless tw steaks Here's a juicy steak that really sets your mouth water- ClTl 10 ing. "USDA Choice" beef with just enough marble to L 11 lQ give it its juicy flavor. Reg. $1.49. UJ More Great Values During Safeway's Big mm UHB SALE! Tender Loin Cuts Whole or Malff lib. 59 Country Style Spare ibs Rib Cut and Loin End Koasts lib. Tender -Meaty Loin Chops Kb. 59 Fresh Fryers Young, Tender Whole Oven-Ready Drawn lb. Cut-up, lb. 49c Ground (Beeff Fresh Ground Daily - 100 Pure 59 Tender "USDA CHOICE" Beef Regular Price 29c Special Reduced Price Beef Pot Roast ' , 49 U.S.D.A. Choice - Blada Cut lb. 75 Rump Roast Bone In Save MORE on Your TOTAL FOOD BILL at Safeway Tomato World famous Campbell's condensed Reg. 21c ea. Now only , All white for all occasions. A grand Northwest product. Reg. 2 for 25c 80 count G r-v- n Sodk match American brand. Keep plenty on hand Reg. 2 for 33c w heaties or Cheerios fcg. V for pk9 y) i2JS- America's Favorite! KRAFT'S MIRACLE WHIP Reg. 63c value. Special price at Safeway full qt. Nu Made brand, reg. 62c Salad Dressing i full qt. 19' 47' It's Safeway for Famous WHITE STAR CHUNK TUNA Grand for Sandwiches and Salads 3 No. V2 O IT I Sea Trader light Meat Chunk Tuna 3 N - 69 Reg. 2 for 53c on Famous VAN CAMP'S PORK & BEANS Just heat 'n serve. They're tops 4-89 Highway, reg. 365c Pork and Beans 52 89 mm On Sale Now at Safeway EVERY WOMAN'S Family Circle August Issue IV For Only f
