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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 10, 1958)
10 MA ft. TRIBUNE, MedforJ, Oregon, Friday, October 10, 1958 AN HOUR OF GLORY! The fawcl'; battle op the aiimo n which ia7 bsae Americans CHANGfc Or SCENERY PXAHOWTAS, THE CELEWATtO INCDAN MDM WHO WAS SAO TO HWE SAVED CAPTXUM JOHM SMITH FROM DEATH, MARRIED JOHM HOLFE, WEWT TO GWMO .WHERE SHE WAS UONIZEO B aorricu IV:iFTV AMD . - - . 1 REIMED THEREWITH. .J HER DEATH 'IN 1617. fjf WR U.S.SMIH6SSONP3 PURCHASED SIMCE FEB. J.K7 : NOW " "SHEfl TWEST THAM EVft.U40SWESE BONDS kbcm awukji7 0 wrww Two Holt Orphans Dead on Arrival At Portland Port Portland - OIPO - Two of a group of 81 Korean orphans were dead 'when they arrived at Portland International air port on Harry Holt's "baby lift" flight from Seoul, Korea, ' late Thursday. The two infants died en route ' on the 29-hour flight. They were taken to the Uni versity of Oregon medical school here for autopsies while the prospective parents of the other children waited for the outcome of the exam ination. The autopsies tentatively identified the cause of death as pneumonia. The children were two and three months old. Four Others 111 : Four other children were ill and were taken by ambu lance to Portland Sanitarium. More than 100 people were on hand to greet the 53-year-old Creswell, Ore., farmer and his charges when the plane landed at the airport. Holt, who has brought "more than . 1,000 homeless tots to the United States, said he plans to leave Sunday for the Holt , orphanage north of Seoul for another plane load of chil dren. He said there are as many more waiting their turn to come to America, and they are still coming in to the home near Seoul. COMMITTEE HEAD DIES Washington -(UPD-George I. Bell. 70, president of the Com mittee for a National Trade Policy, died of a heart attack .Thursday in his home in Chevy Chase, Md. . 14,000 Drivers ' Guilty in Oregon Salem - (UPD - More than 14,000 drivers were convicted of violating Oregon traffic laws during September, the Motor Vehicle Department reported today. Last September, 11,804 con victions were reported. A bad driving record was responsible for 195 of 810 suspensions ordered during the month. . , Of the 14,104 convictions, 247 were for driving while in toxicated which results in mandatory license suspension for the driver. Traffic accidents on Ore gon highways have shown a decline every month' so far this year except in April when a very slight increase was reported. . Cities Honored for Noise Abatement New York (UPD Four American cities have been awarded the 1958 Achieve ment Award of the National Noise Abatement Council, it was announced today. ' The cities are Cincinnati, Ohio; Atlanta, Ga.; Memphis, Tehn., and Philadelphia, Pa. Osaka, Japan, also was cited by the council for its noise abatement program. ' Certificate awards were made to Jacksonville, Fla., and Seattle, Wash. Bliti-Weinhard Starts New Plant Portland - (UPD - A $425, 000 contract for the first phase of a $1,500,000 pack aging center was awarded here Thursday by Blitz-Wein-hard Brewery to Reimers & Jollivette company. Work began immediately on the site at Northwest 12th be tween Couch and Davis sts. Grange News... Eagle Point Grange Booster night for the Eagle Point Grange has been sched uled for Saturday, Oct. 18, according to Gertrude Stan ley, lecturer of the Grange. Booster night will start with a potluck dinner at 6:30 with a program to follow and will wind up with dancing for those who like to dance. Mem bers of the community as well as those belonging to the Grange are urged to attend. The Eagle Point Grange met Oct. 7 with Mr. and Mrs. Roscoe Roberts as visitors from Roxy Ann Grange. Rob erts is the district agent for the Grange Insurance and dur ing the evening gave some facts concerning the insurance he learned, during a recent meeting with the Insurance company at Portland. Mr. and Mrs. Robert Cox, who recently purchased the C. R. Elbert place, were voted to become 'members of the Eagle Point Grange. The agricultural committee reported that livestock prices were holding about the same with feeder prices noticably high, the dairy industry has shown a decrease in the num ber of cows with many dairies going out of business, since the price of milk has been cut quite drastically. C. C. Hoover reported he had obtained lots of cull pears and had dried or preserved about 4,000 tons, these will be used for pig and sheep feed during the winter months. Hoover also said that stock men can get oat and barley screenings, which are made into pellets, from Klamath now, these are high in protein value and can be purchased quite reasonably. Legislative Chairman Mable Wertz told of a program the government has now to en courage students to train for the teaching profession. Mrs. Wertz also reminded every one of the rummage and food sale to be held at the hall Oct. 16 and 17. Those having rum mage for this event may leave it at the Grange hall Wednes day, Oct. 15 as the hall will be open all that day. Master Cliff Moore an nounced that the Eagle Point Grange has placed second in the state in the National Grange Community Service contest. A standing vote of thanks was given to Hoover and Mrs. Meyers for their im portant part in winning this prize. Mr. Moore also announced that the next meeting of the Eagle Point Grange to be held Oct. 21 will be election of of ficers for the coming year, the regular election night fell on the same night as the gen eral election so this change was made necessary. - Robert Lonzway, civil en gineer with the Soil Conserva tion Service, was the speaker during the literary program. He spoke on farm programs and their relation to the Soil Conservation Districts, he said to get full value from this agency it must work together with the ACPP, which has a cost-sharing service, and the Mutual Fund Industry Expected To Show Big Growth in Decade Elmer Walzer By ELMER C. WALZER UPI Financial Editor " New York-(UPD-The coming decade which the experts have been calling "the gold- Jft"1' en sixties" might better be named the "diamond six ties" if one of Wall Street's out standing experts is right in his pre dictions. Arthur Wies enberger, sen ior partner of the Stock Ex change firm that bears his name, has just issued a series of predictions that cheers the hearts of the staunchest bulls. He told the leading salesmen of mutual funds: -The mutual fund industry will have assets of more than $40 billion, and "at least" five million shareholders by 1968. That's $28.5 billion more, assets than today and 3.4 million additional share holders.. -".Over the next several years, barring a major war, we look for a -Dow-Jones in dustrial average of at least 50 per cent higher than the re cent record high." That would mean an aver age of around 810 instead of around 540. -There will be a sales force of around 50,000 in the field by 1968 selling mutual funds. That's 30,000 more than to- dav. Wiesenberger Is consider ed an authority on mutual funds. Each year he publishes a big, volume, "Investment Companies," called in the trade the bible of the mutual fund industry. Four years ago in the 1954 edition of "Investment Com panies" Wiesenberger fore cast $10 billion of assets for mutual funds by 1960. His figure, at first termed in some quarters as "unrealistic" or "prejudiced" was surpassed by the" end of 1956. "Mutual fund growth," says Wiesenberger, "has been re markably constant for the past 15 years-at a rate ex ceeding 20 per cent a year. That is just about equal to the rate of growth of Inter national Business ; Machines- the premier growth stock. Liaison Officer Visits Campus Ashland - John H. Burton, foreign student liaison officer with the Portland branch of the U.S. Immigration and Naturalization service, visited the Southern Oregon college campus Oct. 8. ' After consulting with Mrs. Mabel W. Winston, registrar and dean of women, concern ing forms and procedures to be followed by students in this category," Burton ' met with several students and col lege personnel for a brief ori entation period. Out of state students regis tered this term include Gil Cansino Banaag, Quezon City, Philippine Islands; Theodora Chang, Hong Kong, China; Sang Keun Han and Yong Dal Kim,' Seoul, Korea; Myrna Marumoto and Barbara Shiro ma, Hawaii; Hikaru Mikami, Mibu, Japan; Aida Okamoto, Lima Peru; Dusan Pasic, Bel grade, Yugoslavia, and Wil liam T: Strong, North Battle ford, Saskatchewan, Canada. From Alaska, the five stu dents are Michael A. Carson, Elmer J. McDonald, Raymond E. McDonald, ; Palmer; Julie K.. Hudson, Juneau; and Gene vieve Vander Weyst, Ketchi kan. . ' Adviser for the out of state students is Dr. Clifford R. Miller, Southern Oregon col lege professor of political science. ' extension service, an educa tional service. He showed how to go about to obtain and fol low through with these serv ices. Mrs. Lynn Hickman and Mrs. Ruby' Stowell sang a song to close .the program. Every Toy Marked Down! LAYAWAY HOW AND SAVE Small deposit holds your purchase REGISTER for. our DRAWING to be held November 1st 1ST PRIZE: $25.00 Merchandise Plus everything on layaway 2ND PRIZE: $15.00 Merchandise, Plus everything on layaway 3RD PRIZE: $10.00 Merchandise Plus everything on layaway YOU MIGHT BE ONE OF THE No Purchase Necessary Best Selection - S&H Green Stamps STORE HOURS: 9 to 7 - Sunday 1 to 5 - Monday 9 to 9 MOORE'S PATIO and TOY SHOP 816 S. Riverside Phone SP 2-5458 rs 1VI If J 45 QT. FOR THE PERFECT VODKA MARTINI FLE1SCHMWS l)ffi t0 PROOF DISTILLED FROM 100 GRAIN NEUTRAL SPIRITS THE FLEISCHMANN DISTILLING CORP, NEW YORK CITY FREE! HOSTING RECIPE BOOK a 24 Pages Drinks and Canapes WRITE THE FLEISCHMANN D1ST. CORP, DEPT. E, S2S MADISON AVE, NYC "Continuation of this trend over the next ten years will bring us to a business of $40 billion to $50 billion, with more than five million share holders. We believe these fig ures are well within the realm of possibility, but that they, too, may err on the conserva tive side." Wiesenberger listed four factors behind the "dynamic and continuing" growth of mutual funds: "The good performance rec ords of funds generally and the widespread satisfaction of shareholders with their in vestments. -"Sound merchandising of fund shares through many new and different techniques and an ever-expanding sales force reaching more deeply into every corner of Ameri can life. -"The continued vigorous growth of the American econ omy leading to mounting stock ' prices and higher in vestment company assets. -"The increasingly wide spread belief in the inevita- I bility of inflation." Wiesenberger holds that in creasing awareness of the "near inevitability" of infla tion has brought wealthy in dividuals and institutions into the stock market. "They will be followed in due course," he said, "by the rank and file and we will see a stock mar ket that may dwarf in volume and vigor anything of recent vintage. "True, no one wants infla tion, hut how to avoid it and still accomplish the dedicated aims of the welfare state is the $64 billion question to which no one has found an answer. ' "We see nothing on the horizon to hold back the ex pansion of our economy or forestall the upward trend of stock prices. We confidently expect an environment that We Givt GREEN STAMPS CENTRAL REXALL DRUG Main and Central will generate more and more more and more prospects for income and therefore create mutual funds.", I Homo of SILVER DOLLAR STAMPS I OPEN 8:00 A.M. UNTIL I MIDNIGHT . 7 DAYS A WEEK I , EASY PARKING k l EASY SHOPPING y 1202 NORTH RIVERSIDE' AVENUE C.ST V U) Mfr7 -ruV? OUT OF 1E mem. Studies show that in the average home, over 400 hours a year are spent at the thankless task of dishwashing. No matter who does the dishes at your house, this equals ten 40-hour weeks that could be put to better use! And all you need is an ELECTRIC DISHWASHER (You'll have much cleaner dishes, too.) Dismiss Drudgery With The flick of A Switch I DON'T 0Z w4 BE A DISHWASHER . . LIVE BETTER, ELECTRICALLY BUY ONE! Vermeil. THE CALIFORNIA OREGON POWER COMPANY A Tt'cucn Cenfxwjf Owned atti Ofattei bj Watem Topi m r i
