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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 22, 1958)
"MAIL TRIBUNE, MfTorJ, Ore9on, fixity, Auguit 22, 1958 TaxMillage Rates of School Districts in County Listed Total millaae tax rates for Jackson county's school dis tricts this year are up in 13 districts and down in 7 dis tricts, County Assessor Ray Schumacher reported today. In the other district, Evans Valley, the total millage will not be determined until a budge election tomorrow. A member of new school laws, passed at the 1957 ses- sion of the state legislature, created many changes in the tax set-up of schoor districts, Schumacher explained, and as a result, a simple comparison School District R . Se Jacksonville School No. 1 Griffin Creek School No. 2 Kuch School No. 3 . . Phoenix School No. 4 Ashland School No. 5 Central Point School No. 8 .. Central Point School No. 6 consolidated i Eagle Point School No. 9 Eagle Point School No. 9 (consolidatedi Lone Pine School No. 10 fil 8 Talent School No. 22 81.6 Hogue River School No. 35 61.6 Applegate School No. 40 61. S Elk-Trail School No. 43 61 6 Prospect School No. 5D 61.8 Shady Cove School No. 89 61.6 Butte Falls School No. 91 61.6 Pinehurst School No. 94 61.6 Howard School No. 10f 61.6 Medford School No. 549C-1 Evans Valley School No. 62 61.6 of district levies between last year and this is less reveal ing than a chart showing the entire picture, including lev ies for rural school support, special school fund, school bonds, and non-high support. The net increase (or de crease) of each of the county's school districts (except Evans Valley) follow: Jacksonville No. 1, 12.1 mills; Griffin Creek No. 2, 1.3; Ruch No. 3, (6.5); Phoenix No. 4, 6.5; Ashland No. 5, (4.6); Central Point No. 6, 9.4; Central Point No. 6C, 10; 61.6 61.6 61.6 Eagle Point No. 9, 15.6; Eagle Point No. 9C, 15.4; Lone Pine No. 10, (9.5); Talent No. 22, .1; Rogue River No. 35, 17.5; Applegate No. 40, 2.6; Elk Trail No. 45, (1.9); Prospect No. 59, 2.8; Shady Cove No. 89, 5.3; Butte Falls No. 91, 12.2; Pinehurst No. 94, (17.6); Howard No. 100, (1.2); and Medford No. 549C, 2.5. Here is Schumacher's tabu lation of the elements which enter into a total school dis trict millage, comparing fiscal year 1957-58 with the current year: 1957-58 195S-59 Special School B Total Rural Non- Special School Total School Bond Millage School High School Bond Millage Inc. Dec. 11.5 73.1 23.1 51.5 10.6 85.2 12.1 13.1 747 23.1 89 32.8 11.2 76.0 1.3 3.1 64.7 23.1 8.9 20.4 5.8 58.2 8.5 459 8 6 545 23 1 29.3 86 61.0 65 392 8.7 47.9 23.1 16.3 3.9 43.3 4.6 37.3 9.6 46.9 23.1 22.4 10.8 56.3 9.4 373 8.7 46.0 "23 1 22.4 10.5 560 10.0 44 9 7 9 52.8 23.1 31.9 13.4 68.4 15.8 41.9 6.1 51.0 23.1 31.9 11.4 66.4 15.4 8 1 69.7 ,23.1 8.9 18 5 9.7 1 60.2 9.5 15.5 77.1 23.1 38.5 15 4 77.0 .1 61.6 23.1 52.2 3.8 79.1 17.5 61.6 23.1 89 32.2 64.2 2.6 1.3 62.9 23.1 8.9 24.0 5.0 61.0 1.9 18.0 79.6 23.1 49.8 9.5 82.4 2.8 18.7 80.3 23.1 8.9 45.4 8.2 85.6 53 61.6 23.1 46.1 4.6 73.8 12.2 61 6 23.1 8.9 12.0 44.0 17.6 1 5 4 6 67.7 23.1 8.9 29.1 5.4 66.5 1.2 42.5 1.8 44 3 23.1 19.1 4.6 46.8 2.5 61.6 23.1 8.9 (voting budget August 23) Observatory Reports Object Trieste, Italy OJPD The Trieste Astronomical Observ atory said today a mysterious object has been seen in the sky since last Saturday. " A spokesman said the ob ject might be an earth satel lite or rocket in orbit. The object emits a light equal to that of a third mag nitude star, -the spokesman said, and its passage is visible to the naked eye for about two minutes. The observatory said the object has been moving from northwest to southeast, and apparently has been losing altitude each time it passed overhead. Red Tourists' Reaction to City Intriguing, Questions Naive Editor's note: What does the nation's biggest city look like to Russian tourists seeing it for the first time? UPI sent reporters Jack V. Fox and Anthony Austin, who speaks Russian, on a rubber-neck tour with ihem. By ANTHONY AUSTIN And JACK V. FOX United Press International New York (UPD The big sightseeing bus with glass roof rolled into Times Square's soaring melange of neon signs and billboards, past one from which a man's picture puffs real smoke rings. "A m e r i can advertising," said Pavel Kazachenko, a young Russian engineer. "It is really something." It was the first "exposure to New York for Kazachenko and 12 other men and one woman visiting the United States as the first regular Rus sian tourists. Their reactions to the city were intriguing, their questions often startling , ly naive.' When the bus pulled away from their hotel, the Russians were soon bogged down in the cluttered garment district. In front of one dress firm, a striker carried a picket sign. "What is he doing?" asked architect Mark Orlov. He was told the man had a disagreement with his em ployer and was asking the public not to patronize the shop. "And nobody arrests him?" Orlov asked. Drive Through Harlem The bus turned up Fifth Avenue. It went past the Em pire State Building. The Rus sians craned to look up at its 102 stories but no one made any comment. On past the glittering department stores and Mrs. Anna Buten ko, a housewife and also an architect, said: "Where are the trees?" Her question was answered as the bus came alongside Central Park and drove its 50-block length. The course took the party finally into Harlem and there was a no ticeable stir of anticipation at seeing America's "downtrod den race." But the first sight was a huge development o'f low-cost apartments, 15 stories high, built for Negroes. They were brand new, sparkling clean with balconies and garden areas. "But where are the real slums?" asked engineer Alex ander Robojev. A reporter pointed to a side street of dingy tenements where children played by gar bage cans on brownstone steps. The Russian did not appear to believe him. Appar ently he expected something far worse. "Why don't you like Paul Robeson?" a voice called out from the rear. The question hung awkwardly in silence, and politics were dropped. The bus passed the Juilliard School of Music. "Where Van C 1 i b u r n studied," said the bus guide. "Ah . . . Cliburn . . . Cli burn," the murmur swept the group. Even the Intourist man, Vladimir Babkin, dele gated by his government to shepherd the group, forgot his duties at mention of the Texas pianist. "Ah, that Cliburn," he said. "His playing was the high point of the Moscow season." The bus turned down Third Avenue through the Bowery where a few alcoholic dere licts sprawled in doorways. Legislators Ask Morgan's Support For Reductions Three Jackson and Jose phine county legislators have asked that Gov. Robert D. Holmes and Public Utilities Commissioner Howard Mor gan support the proposed freight rate reduction now pending before the Interstate Commerce Commission. Legislators asking the state to support the proposed re ductions are Philip B. Lowry, state senator, and E. A. Lit- trell, state representative, both from Jackson county; and Fay Bristol, state representa tive from Josephine county. Final Decision "We recognize that the final decision of this matter lies within the jurisdiction of Federal agency, the Inter state Commerce Commission. However, we are unable to un derstand why you, as the duly authorized officials of the sovereign state of Oregon, have failed to take a position energetically supporting these proposed freight rate de creases," they said. They noted that "securing these freight rate decreases is of the utmost importance in helpipg to pull Oregon out of the economic slump which we have experienced in 1957 and 1958." The reductions also would materially contribute to the permanent economic health of Oregon, they added. "If there is controversy in this matter," the letter con tinues, "such as the violent opposition of the shippers in northern California, it does not justify inaction by Ore gon when the merits of the case support a definite stand in the public interest." Outspoken Critics They noted that "some of the petitioners have been out spoken critics of Southern Pa cific on other occasions. We do not now laud Southern Pacific, but we will support that company when we be lieve they are right, as here, and when we know it will help our counties." The legislators said they "keenly regret that Congress man (Charles O.) Porter from our fourth district, which has an overwhelming Interest in this matter, has failed to do anything in our behalf." Vienna (UPD Workers in Communist Czech oslovakia will henceforth be liable for all damage caused by them during work, Prague announced Thursday. radio MEN! In A Rut? Earnings Low? No Place To Advance? Maybe We Have The Answer! - See Our Ad Under Mate Help Wanted SINGER SEWING MACHINE CO. One Russian nudged another and pointed, but they said nothing. Visit Stock Exchange. The high point of the trip was Wall Street. The Soviets came during the busy noon hour. Word spread of their identity and police held back a crowd at the door of the Stock Exchange. "Why must there be po lice?" asked Orlov. "Well, the people are curi ous," a reporter replied. "There are crowds because it isn't every day that Russians come to Wall Street." On the visitors' gallery overlooking the trading floor, brokers and clerks paused to stare up at their spectators. Robojev said the people on the busy floor seemed very nervous. "How many of them have heart attacks when stocks fall?" he asked. Another Russian wanted to know how many people go bankrupt every day. "None, for a long time," said the girl guide from the exchange. Red Reads Marx Info Musical New York (UPD A Rus sian tourist visiting New York for the first time managed to read a little of Karl Marx Thursday night into a very un-Marxian Broadway musi cal, "Say Darling." After seeing the show,, the comic story about the diffi culties of producing a Broad way musical, Ivan Ionov, an engineer who speaks no Eng lish, was given a synopsis of the story by an interpreter. "Ah, I see," he said finally. "At first everything goes wrong because everyone acts individually. Then they get together as a collective and everything is set right." Six Waves of Red Planes Reported Taipei (UPD Six waves of Communist planes passed through the Matsu area today but no hostilities were report ed from the tense Formosa Straits. The Defense Ministry said one group of Red planes flew directly over Matsu without attempting an attack. The type and number of Communist planes were not given. New York Police Seek Stolen Car New York (UPD Police today had an alarm out for a stolen car, described thusly: "Red, four, and one-half feet long, with top speed of five miles an hour." The complainant, Bruce Winnick, reported the car stolen Thursday from the miniature garage in the rear of his home. Bruce is seven years old. Big Reason Companies Split Stock Is to Increase Holders By ELMER C. WALZER UPI Financial Editor New York (UPD Ameri can Telephone and Telegraph company's dividend meeting has come and gone and its president, Frederick R. Kap pel, has resumed his vacation interrupted for the director's meeting. Directors declared the regu lar quarterly dividend of $2.25 a share. It was the 150th quar terly dividend at that rate and it came at a time when Wall Street was buzzing with talk that a dividend rise or a stock split or both would be forthcoming. The street got its steer from the conservative Stand ard and Poor's which select ed American Telephone as its stock of the month. Standard said: "With earn ings prospects decidedly fa vorable and depreciation charges up sharply, perhaps some change in the company's financing plans may be un der consideration. "If,, as seems likely, less equity financing need be re sorted to, shareholders would miss the frequent subscrip tion rights which they have come to regard as an added return. "Thus, the growing belief that A. T. & T. directors may be considering a possible in crease in the dividend andor a stock split becomes more plausible." Why do companies split their stock? The big reason in most instances is to in crease the number of stock holders on the theory more would be willing to buy a stock that was cut in half or one-third in price through a splitup. This wouldn't seem to ap ply to American Telephone which has 1,625,000 stock holders more than any com pany in the nation. It got most of these holders over the period from 1929 on when prices from the stock ranged between the 1929 high of $310.25 and the 1932 low of $69.75. This year's high was $184. The company itself has said that there is nothing to gain in a split for the stockholder unless the dividend is raised. It is now paying out about 69 per cent of net earnings which Wall Street experts say is somewhat above the aver age. Of course stockholders can argue that they are suffering from inflation with a dividend retained unchanged since 1922 at $9 a share. If the dollar were worth SI par in 1922, it would, now be worth 594 cents which would mean stockholders receive 5.33 1922 dollars yearly in dividends not $9. Back in 1922 the stock yielded 7.02 per cent at the 1922 high of $128.25 a share and 7.86 at that year's low of $114.50. The yield at the 1929 high was 2.90 per cent and at the 1932 low it was 12.9 per cent. Currently the stock is yield ing slightly less than 5 per cent. In 1922 when there Were 6,933,470 shares of A. T. & T. outstanding valued at $900, 409,262.50 at the year's high for the stock, the company had 248,925 shareholders. In 1929, the stock outstand ing had risen to 13,223,400 shares owned by 469,801 stockholders. The valuation in that year at the all-time high for the issue was $4,102,- 559,850. Today there are outstand ing 69,936,320 shares owned by 1,625,000 shareholders. The stock at the 1958 high of $184 is valued at $12,868,-282,880. Very few market men be lieve there will be a stock split at the current prices for the shares. Also few believe there is much chance of a dividend rise. IB Hi '-2. DRY Direct from mill to you BIG DOUBLE LOADS or SINGLE SUMMER PRICES MEDFORD FUEL CO. SP 2-2111 Court and McAndrews FOR BACK-TO-SCHOOL OR AFTER SCHOOL HOURS ... NEW CO ORDINATE SETS tfew 7 "GBArES SUZETTE . w , mm m -r - m. Scarlet Red Quilted Drip Dry Cotton with White Grape Applique Embroidery. Rhinestone trim. 3-6X 7-14 Jumper ...7.98 8.98 Skirt 4.98 5.98 Capri Pants 4.98 5.98 Blouse, White Drip Dry Cotton, Bouffant Sleeves ..:.3.98 4.98 See These Modeled ACIMI STYLE SHOW, Country Club, Sat., Aug. 23 Children's Dept. 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