10 MA ft. TRIBUNE, MedforJ, Oregon, Friday, October 10, 1958
AN HOUR OF GLORY!
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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
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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
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FOR THE PERFECT VODKA MARTINI
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HOSTING RECIPE BOOK
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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.",
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Vermeil.
THE CALIFORNIA OREGON POWER COMPANY
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