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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 10, 1958)
i fty VI LAST TOUCHES Technicians make final preparations for a 105,000-foot balloon ascension near New Brighton, Minn. The balloon when released will be 303 feet long, and will carry a special lead-shield gamma-ray telescope developed by the Mass. Inst of Technology. Purpose of the flight is to gather cosmic ray information. Buying a Refrigerator' dm v Vv T w i tBe YelloJ other products - y 6ro5 L Refrieeraton.".,.--, ges- Just tl"n to -the h.rfin. uoiea undernpatli T.ii.- 7 "',lJ repairs the brand you wt! V to CGGLB Everybody Worrying About Stock Market Except Experts By ELMER C. WALZER UPI Financial Editor New York -fflPD-Everybody seems to be worrying about the stock market except the experts. To the ques tion of wheth er or not it is too high at the present time they counter with the state ment that it shows no signs of deteriora- Elmer Wajzer tion. It could meet some opposi tion around present levels, Timmer Company Opens in Talent Articles of incorporation were filed in Salem 'Monday for the Air Flow Timmer company of Talent. Signers of the articles were Glen L. Jones, 1132 Winchester ave., Medford, and Mr. and Mrs. Walter L. Miller, Talent. According to Jones the company will manufacture and sell Timmer devices for measuring and cutting ve neers. The machines are now in the experimental stage, Jones reported, with one working model on display at the Oregon Veneer company. He explained that full pro duction of the device is ex pected within the next 60 days. THEY'RE CLEAN Birmingham, Ala. - (UPD -Mrs. Sadie Marie Steelman told police that in addition to ransacking her home and stealing food, burglars wash ed their clothes in her machine. they assert, but they appar ently are not worrying about a selling stampede. Edmund W. Tabell, analyst for Walston & Co., finds no signs of any great vulnerabil ity even though some groups have reached their immediate upside objective. In fact, Tabell thinks the market may be forming a broad accumulation area very similar to 1946 and 1949. He believes that the opin ion held by many investors and analysts that the present advance from the October lows is merely a rally in a bear market must be aban doned. This is another way of saying this is a bull market. However, Tabell does not believe this is the start of a major advance. . More Work Needed "On the averages and in in dividual groups and stocks, there appears to be more work needed to build up a pattern similar to the 1946 to 1949 accumulation range," he says. "This should result in con siderably backing and filling in an area, bounded roughly by 525 to 460. "On a short-term basis the market appears overbought. It is possible that a buying climax might occur that could carry the market back to the 1956 highs, or even slightly higher, but it is difficult to read much beyond that. "On the other hand, a de cline below 500 would prob ably indicate a technical cor rection to at least the 485 480 level. That is the first sup port point. The second down side resistance level would be around 460 in the average. "The prospects, therefore, i f mm JUL1B0 GARMENT BAG With full length zipper. Highest quality quilted vinyl plastic. 54 inches long. Wide assortment of gay colors. Holds 16 garments. REG SALE PRICE LADIES' just Arrived Fabulous Imported BIQUSES.-'. All roll-up sleeve style. Solid colors and prints. San forized wash fast. Sizes 32-38 1 ea. Fine Quality Ladies' SIKKQE BAG Holds 6 pair shoes. Taffeta embossed plastic. Has strong supporting rod for easy hanging. SPECIAL (S)(o)d Choice of fOirOi 6 Colors . Vb ea. All Nylon, Blouse Style Ladies Jackets appear to be that the market, as measured by the averages, is probably reaching a tem porary top but that the over all picture is one of strength and that any declines will do not much more than retrace one-third to one-half of the advance from the October lows. , Not Always "Obviously, while this ap plies to the averages, it will not apply to individual groups and issues. "Some will show above average action and others be low average action. Therefore, the action of individual stocks is undoubtedly much more im portant over the next year or so than the action of the averages." William R. White, analyst for Hornblower & Weeks, notes that investors and trad ers are unmindful of technical warnings and continue to pour fresh capital into seasoned equities. "Despite momentary em phasis on secondary industrial issues, a hallmark of specu lative trading," he says, "it seems clear that factors other than hope of immediate capi tal gains motivate, an insist ent demand for common stocks. "Buyers appear firmly con vinced that risks assumed in paying inflated prices in re lation to current earnings may be no greater than those involved in excessive liquidity at a time when a federal budget deficit of $10 billion or more looms ahead." White believes that a mod erate corrective reaction would be welcomed by erst while pessimists as an oppor tunity for reinstatement of commitments or for covering short positions." Fleece lined, with hood. Completely .washable. A mar velous value! Will keep you warm and cozy. Sizes 10 to T8 in white, pink, navy and blue. Regular $11.98. Sale price 1 washable. . 77 Yardage Special! Solid Color Velvette Flannel First quality, 36 inch width. White, pink, blue, maize. Regular 35c yard. Sale price Ladies, Save Plenty Fine Quality Cotton Brassieres Imported copies of much more expensive brassieres. Guaranteed. Sizes 32-38. A-B-C cap. Your choice 7! Boys' Fine Quality Gingham Shirts Fabulous imports. Sanforized, fast color. Sizes 8 to 14. Special Just Received, Large Shipment Thong Sandals Sizes for children, Jadles and men. Save more at Newberry's. Your choice (Q) (9) lrfmrm3Sb cfk& MEDFORD'S BARGAIN CORNER SIXTH AND CENTRAL Counterfeiter Offers Invention Genoa, Italy (UPD The; "King of Italian Counterfeit ers," 76-year-old Ittilio Pol lastri, has offered the Bank of Italy his invention for mak ing paper money. He says his method is just as good as the government-and cheaper. "I studied my invention for a long time in jail," Pollastri said. "I achieved a relatively inexpensive system so asked for permission to offer it to the Bank of Italy." Pollastri is .proud of his creative work - lire bills of various denominations, dol lars, pounds, marks and sev eral types of coins. As long ago as 1948, Sank of Italy experts commended him on his creations, declar ing they were the most nearly perfect counterfeits they had ever seen. That was just before the "King of Counterfeiters" re ceived a 12-yeaf jail sentence which he is still serving. He say he intends to go straight when he completes his term, and that all he wants for his invention is "just enough to live on, a small pension to live in dig nity until the zero hour of my life." . Light of Stars Kelp Soldiers See Washington-dlPD-Light from the stars is being put to work by the Army to help soldiers see at night. A new device will enable troops to see military objec tives after dark by gathering reflected starlight or diffused light from skyglow and in tensifying the image elec tronically. ' Called the "Cascaded Pho tosensitive Image Intensifier,' the device was developed by the Army Engineer Research and Development Laborato ries, Fort Belvoir, Va., and the Radio Corporation of America. THOU SHALT NOT . . . South Haven, Mich. - (UPD The Rev. Frank Baker, pas tor of the Episcopal Epiphany church, has written an "eleventh commandments." 'This is the sign he posted in front of his church: "Thou shalt not park from here to corner." Plagued Day And Night with Bladder Discomfort? Unwise eating or drinking may Be I source of mild, but annoying bladder irri. tations making you feel restless, tense, and uncomfortable. And if restless nights, with natrzinsc backache, headache or mus cular aches and pains due to over-exertion, strain or emotional upset, are adding to your misery don't wait try Doan's Pills. Doan's Pills act 3 vaya for speedy re lief. 1 They have a soothing effect OS bladder irritations. 2 A fast pain-relieving action on nagging backache, bead, aches, muscular aches and pains. 8 A wonderfully mild diuretic action thru the kidneys, tending to increase the output of the 15 miles of kidney tubes. So, get the same happy relief millions have enjoyed for over 60 years. New, large, economy ize saves money. Get Doan's Pills todagj PLENTY OF SERVICE is given "Miss America 1959" by parents, Mr. and Mrs. David Williams,, Brandon, Miss., as they breakfast with Mary Ann Mobley at Atlantic City, N. J. Adams Should Quit, Republican Party Strategists Declare Washington -(UPD - Republi can strategists declared pri vately today Presidential As sistant Sherman Adams should resign to prevent more Maine-type landslides for the Democrats. One GOP source high in the party told. United Press International the defeat of incumbent Republican Sen. Frederick G. Payne by Gov. Edmund G. Muskie in the Maine senatorial election has proved the political liabilities of the Bernard Goldfine case in which Adams was a figure. Acknowledged Favors Payne, like Adams, ac knowledged receiving favors from Goldfine, a millionaire textile tycoon from Boston. The argument advanced ih some GOP circles was that Adams should not subject oth er Republican candidates to the similar-if indirect-handicap by keeping his important administration post. Meanwhile, there were these reactions to, the Demo crats' near-sweep of the Maine "early bird" election: Democratic Party Chair man Paul M. Butler said the Formosa "mess" helped the Democrats. But Secretary of State John Foster Dulles told a news conference he did not think foreign policy played a part, because ,"our foreign policy in all its essential as pects has been and will be bi partisan." -California's D e m o c ratic gubernatorial candidate, Ed mund G. (Pat) Brown predict: ed "the tide that began Mon day in Maine will sweep all the way across the nation." -Chairman Andrew F. Schoeppel (R.-Kan.) of the Senate GOP campaign com mittee, said he did not see Maine pointing to a national trend. -Agriculture Secretary Ezra Taft Benson conceded the Re publicans took a "pretty bad beating" in the Maine elec tion but he refused to sfee the Democratic victory as a "weathervane." BALLOON PILOT KILLED Warsaw (UPD Col. Fran ciszek Hynek, 49, Poland's top balloon pilot, was killed Monday night during a train ing flight. MAIL TRIBUNE, Madforo, Ore- Wednesday, September 10, 1958 7 SEEKS WORLD FAIR Vienna (UPD The Aus trian Cabinet said today it would apply to the World Ex hibitions Organizating Com mittee for the nomination of Vienna as site of the 1968 World Fair. Are You Lucky? CALL SP 3-5365 WHICH WASH-n-WEAR Will Turn Color 1 i Select Wash-BWear blouses carefully if you choose to buy them. One brand may launder satisfactorily. Another may turn dirty yellow or fall apart This may happen to dress or sport shirts, blouses, work or play clothes, or other wash-n-wear fabrics and gar ments, white or colored, normally bleached for stain removal and reten tion of original whiteness. According to American Institute of Laundering-, inferior wash-n-wear garments may be made with certain resin finishes that absorb chlorine from hypochlorite bleach, commonly used. This can't rinse out and heat from ironing creates an acid which yellows or destroys the fabric. If you buy wosh-n-wtor or other wash able, bo sure thty carry the CERTIFIED WASHABLE SEAL of American Institute of Laundering. It ctrtifltt we can launder them to perfection. SEND ALL YOUR WA5MABLES TO US MEDFORD II I isiitinev nv riciuiBC I and Beautiful Dry Cleaning 30-32 NO. RIVERSIDE "AS tf BY MA&(C MEDFORD, OREGON Serving the Rogue Valley for Over 50 Years . com Safeway's Top Vaiuea , VOD WCREB 'ECU MM ing vent- Just. 3 of the hundreds of of savings you can ' make right now at your Safeway Storo. This Week's Best Produce Buy.;. Fancy Special price this week. The finest golden ripe fancy quality fruit. Take home a bagfull today. lbs Slock up at this low price Piedmont ayonnaise AW Qt. JJ i Fine quality Mayonnaise ... A Safeway Guar anteed Brand. Flavorful Safeuay Brand Large o to gnus Wonderful for sandwiches or economy meals. 1 to 10-lb. pieces. Prices in this advertisement are effective through Saturday, September 13,' at Safeway in Medford. Aw R JJ Lb.
