Medford mail tribune. (Medford, Or.) 1909-1989, October 02, 1958, Image 10

Historic Oregon Newspapers

Medford mail tribune., October 02, 1958, Image 10

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Newspaper Page TextI 10 MAIL TRIBUNE, Medford, Oregon, Thursday, Cc'eW 2, 1553 r Gains, Lasses in Svock Market Br ELMEH C. WALTZER UPI Financial Editor New York-4.Pfi-Oct.ober for the stock market in the past has been a standoff between "V"? gains and I A losses- yz u v e r me Cpast 60 years it has been 30 Octobers up 'and 30 Octo- jbers down for ! industrials and 29-31 in gains l2and losses for Flmer Walzer me rails. November is a little better for industrials with the score 35 to 25 but even for the rails at 30-30. December is the big month. In the past 61 years (61 here because the market was open in December 1914 and closed several other months), Decem ber has had gains in 44 times and declines in 17 for indus-. trials. The rail score has been 36 to 25. Just to show that doesn't mean too much for the pre diction of trend, note that September's record prior to this year has been 27 to 33 in gains and losses for the in dustrials and 25-35 for the rails. September this year saw sharp gains all around in the stock averages, declines in bonds, and a standoff in com modities. September was a whopper of a month in sales volume this year best since 1929 for the month. The total turnover was 71,971,820 shares for the ninth inpnth of the year. Still No Record This would work out at 863,661,840 on an annual ba sis, but even that figure is well' below the annual totals for' 1928 and 1929. The 1929 sales figure of 1,124,800,410 shares is the record for all time and hasn't been ap proached since then. October is remembered in stock exchange circles for several records. That month in 1929 set the monthly sales record for the exchange with turnover of 141,668,410 shares. Also the 1929 October contained the biggest day ever seen 16,410,030- shares on Oct. 29. 1929. The market break in October of -1929 is one that many an old-timer in the financial district will re member until he dies. There is no telling what (this October will bring in the i that ran from Jan. 1 to" Sept. way ox price movement. Lp to the end of September, the market has had a sharp rise to a new high record for in dustrials and a new high for more -than a year in rails. More Shares Valuation cf all listed shares rose by S49 billion in the period from Jan. 1 to Sept. 30. That rise, of course, is far greater than the one 3, 1D29 because there are so many more shares listed to day. Eack in 1929, the listings just crossed the billion share mark. Today the total listings are near the five billion share mark. Back in 1929, the market was a speculative one built up on a shoestring of credit. Today market operations are mostly for investment. Wall Street hasnt found any illness taking hold as yet although the market doctors hold that the patient is very fat and hence susceptible to germs flying about. The analysts note that vast amounts of cash are awaiting investment by funds and in stitutions. These might be used in the market if prices declined and thus a drop might be cushioned. Some day there's going to be more .interest in bonds which now yield much more than stocks. When that day comes the market may have the competition it needs to keep prices from running away. r r- , . , afcfc. IT'TT1'"" """"" " r-f, , rei The Rio Grande Valley was The great-grandfather opened to commerce in 1906 Russian poet Alexander Pus iuiiiiug ui uie rail road, bince then, population has increased from 50,000 to 420,000. A "dog bar" permits the pet to feed itself by pressing on a treadle. ' kin was an Ethiopian who had been sent to Peter the Great as a gift. CADILLAC HERE - The 1959 Cadillac models are now on display at the Skinner Buick, Cadillac, 143 South Riverside ave., Medford. Several changes have been made in the.new Cadillac,- including a higher com pression ratio, and new body styles. There are 13 models, including ah additional sedan not available last year. HELP US! We Need Clothing. Shoes, Dishes, Furniture. We Pick Up. HELP. OTHERS! The Salvation Army , f SPrinq 3-7335 Windshields Tell your insurance agent Sclby's will install your wind shield while you rest in a comfortable waiting room. Cokes are on the house. Phone $P 3-3613 SELBY c$t 303 North Bartlett llitan i-m 1 mil i i ii wf Mm l IllfcfEW You Cufi SHOP FRIDAY AND SATURDAY for these SPECIAL PRICES! Fumifure Super-Savers Presley Plans Busy Social Life Friedberg, Germany - (ITD -Pvt. Elvis Presley said, today he had received "mountains" of letters from German girls and that he planned a busy social life here. Presley arrived.in Germany Wednesday without guitar and was brought before the press today bv his command ing officer ad top sergeant. He said he nadn't met any German girls yet, "but I heard a lot of rumors back at Fort Hood." Newsmen pressed him about the nature of the rumors but he remained a gentleman un der the cautioning glances of Army brass and said: "I can't answer that question." Presley, here as a tank driver, tolds newsmen, "In Germany I want to do as the Germans do-I'H probably rent a Volkswagen bus sometime." He explained that by say ing he would need the space in a small bus for his friends "of both sexes." Presley then volunteered he had found a tremendous' bundle of letters awaiting him at Ray Barracks when he ar rived here in the heart of Germany Wednesday night. "They were all from Ger man girls," he said. s Front Drawers W 229.95 R B n m m n H n H a R H H H m m H a Feather Pillow Reg. 1.49 Fluffy crushed chicken feathers : B Handy Cellulose Sponges Reg. 98c Assortment o Serpsrstin Tilting Esvdsd Mirror o Ail Hardvcod Constrwctic "THE REAL McCOY" One of the leading bedroom manufacturers in the United States. This beautiful 6 pc. Bedroom Set consists of Full sized bookcase head board with footboard and side rails with sliding panels on headboard. Double Dresser . . . Serpentine front drawers, 7 coat, hand-rubbed, lacquer finish mak ing it alcohol and acid proof . . . Center drawer guides. Tilting beveled mir ror. Dust protector under each drawer. Englander Mattress and Box Spring for' comfortable sleeping ) throughout the night. Two chicken feather pillows to make it a complete comfortable bedroom set you will enjoy night after night. iBBiaasasassaassBasaasasiiBaaBisiiasiiaiaiaBiiiiHiiiBii H R B R H R B a H H ' H B H H Homemaker's friend! Fine for Colors. cleaning K9075 wma Full Size 26" Flyer A ' er quality at gi- ' 50.00 Value so. j and your old bike 4l 3.50 Down L25 Weekly Western amous Western f gantic savings. Boy or girl models. Here's a real deal with saving appeal! Loaded with luxury fea tures , . . streamlined chain guard and luggage carrier; sleek tank on boy's model; rugged truss-rod frame. TRADE NOW! Offer good for limited time only! Priced in the crate. Seven Bus Drivers Get Safely Awards Seven Greyhound bus driv ers, all from Medford, - have received recognition for safe driving, John M. JIumaw, safety supervisor, Western Greyhound Lines, Portland, has announced. They are Clyde E. McKim, David L. Johnson, Herbert Carson, and James O. Oakes, all 10-year watches and pins; L. W. Thomas, 12 - year award; Thomas - M. Work, eight - year award; nd Dale L. Somers, six-year award. The awards are given, for continuous driving without an accident. Company officials estimate that a Greyhound bus driver will drive about 1 million miles in 10 years. BIRD FLIES IN STYLE Auckland, N. Z. -(ITD- A specimen of the New Zealand wingless bird, the kiwi, took off today for a 14.000 - mile flights to a London zoo. A Canadian Pacific airliner was doing the work. . . t-., e k. w a i my a a is ams 19.00 Down 3.00 Week jj EASY TERMS On Amounts Over 10.00 H9SIBIBBBIEEEERIBCBE1. Regular 129.95 88 SAVE 20.C0 Kitchen Stool FREE Original Douglas Designs The biggest offer Western Auto has ever made available to the public through their large volume buying . . . Another scoop . . . Luxurious attractive ten piece set in bronze and brass . . . Gold plume plastic top tcble with eight comfortable chairs upt-.olstered in gold brocade with foam rubber seats. As an added value the kitchen stool is FREE. C 1 IW mm Folding 11.00. Down 2.25 Week U Tji $15.00 1 . 1 r -sA Bunk &l?rTv. J-i Beds te:), i J r. lows. i ' 0 BASKET Legs R88 Bed of many uses . . . bunk beds for the boys, trundle beds for the girls, twin beds for the guest room. Com plete with two comfortable innerspring mattresses. Sturdy wrought iron wcgon wheel design. B Reg. 9.95 Value Beautiful loom-woven fiber, reinforced edges, . adjustable hood, lined with waterproof Slatex fiber. Genuine Mason ite bottom, easily rolled on swivel casters. Sure-Lock metal leg braces. : "1001 I Woven I Reg. 1001 magazines, ket, etc. : L nc 1 uses- ! ; r . Basket j k ib; Generator & Lite Set 44 Reg. 6.39 Front and rear. 6-volt power. Football Helmet 10 Laundry wastebas Durable 1 pc. plastic. Face guard. Sizes. I 3EC10&4 Bicycle ! Pedals ? 39' ! Reg. 59c Ball bearing pedals. Each Rubber Basketball 3 93 Official size and weight. CBp f7165 i l3Eeio45 Nr-py Electric Bike Horn Reg. 1.65 Uses flash light cells. Loud. Shoulder Pads 2 25 Heavy fiber, quilted pad ding. Save! 7" Pinking Shears 88c Decorator Pillows Reg. 2.98 WIZARD Clear Plastic 8.59 Reg. S3 88 Per Seat Best buy in town in Decorator Pillows, baring none . .'. j Each pillow sealed "rn a polyethelene bag. Factory fresh in 'beautiful patterns and colors. Ideal pillows to enrich the colors of the davenport or bedroom' set. EBIiEBBIBBIHICBBBIEBRBBBIIIIllBBIl Protect and accentuate the" beauty of your new car upholster Most cars C54-'58) front and back.-N330 1-35 14 a a b C113 Auto Floor Mats Reg. 1.15 Clean with a shake. 17"xi7". Novelty Spinner Reg. 69c A I I sturdy plastic. 24-MontEi Guarantee For Only 795 1 Month, volt cars. And -Old Battery Guar. For most Reg. Out. 14.10 30-Mo. 6-V. Deluxe. Wold batt. 9.95 SAVE Regular 129.95 9.00 Down 3.00 Week Sag-Proof Early American Styling Hand-rubbed Maple Headboard Americana Hollywood headboard, mattress and box spring : . . Tra- ditional styling with modern con venience and matching luxury, Eng'ander innerspring mattress with hundreds of tempered coils . . . Tempomatic construction and the newest of American Ticking. Ideal for the youngsters or the Master bedroom. WIZARD Spk. Plugs 33 Reg. 59c In sets of 4 or more! Guar.! Wizard Thermostat 93 Reg. 1.69 Fits most Chevs., others. II 1 6orl2-V ! - SV Sid. Beam i dUm l?8 I ! 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