BUILDUP Sealed tanks, containing Nike or Hercules guided missiles from the U. S.,
are unloaded in the rain by coolies at Keel ung, Formosa. The missiles will be reassem
bled by American missile unit troops, also recently arrived in Formosa. Meanwhile,
President Eisenhower, in a press conf erenc e, has sharply criticized the involvement of
American foreign policy in the current political campaign.
Expert Thinks November Could
Be Difficult for Stock Market
m J -sum
mm
By ELMER C. WALZER
UPI Financial Editor
New York -(UPD- November
could be a difficult one for
the stock market, according
to one of the
experts. S. B.
Lurie, analyst
for Josephthal
fVLr J31 ana company,
ceni lmprove-
i ment in bonds
strongly hint
ing that one
of the "legs'
Elmer Walzer wniCn n a S
been supporting the stock
market stool is wobbling.
"If the Federal Reserve
Board plays further trick or
treat with credit- policy, No
vember could be a difficult
month.
"The steam probably will
escap'-from the stock market
boiler within the next 30
days.".
Yet there are manyof the
unrestrained optimists" citing
reasons why they think the
market should continue to
rise, he notes. These "rea
sons" include better-than-ex-pected
business and earnings
recovery; a pronounced
change in the market's supply-demand
equation; and the
growing popularization of the
common stock idea.
Against these, he adds, the
unrestricted pessimists 5 can
make headlines with observa
tions that speculative psychol
ogy is better than the immedi
ate fundamentals, probability
that we've entered the second
and slower phase of recovery
hinting that the intermediate
risks may outweight the
promises, and there is more
inflation in the stock price
level than there is in com
modity prices - or credit
trends.
Margin Rise Expected
Lurie had been expecting
a rise in margins right along.
He was surprised that the
figure had not been set at
100 per cent instead of the
90 per cent which the federal
reserve set as of Thursday
morning.
Lurie still finds many
stocks still are cheap in a
bear market.
He believes the key to prac
tical market policy total lies
somewhere between the ex
tremes of the optimists and
pessimists listed above.
"The realistic view, ne
savs. "calls for concentration
on the collectors' items-those
stocks which have above av
erage promise, but less than
average risk."
Some of the other market
analysts recently have been
railing attention to the super
optimists of today's market-
traders who have never seen
a wild decline such as the
one that hit the market in
1929. This group, holds that
Put
Mel Lattie
in the
u
State Legislature
November 4th
Put him to" work
on the
East -West
Highway!
An adequate highway sys
tem that will open new
recreational areas, develop
new industries, and en
able our own wealth to be
harvested . . . and eco
nomically transported to
market.
Elect
MEL LATTIE
Republican
State Representative
Nov. 4th
Paid Adv. Littie for Representative Committee,
Dick Gray, Chairman, Cherry lane, Medford.
things aje different now-and
it couldn't ' happen in this
market.
These analysts, like Lurie,
note that there are many
stocks far behind the market
and they have been calling
attention to them in recent
letters to their clients.
Some of them have seized
upon this situation to comfort
them in having under-estimated
the market's ability to get
as high as it has gone in the
averages.
Some of the market men
feel that from here out the
market may develop a bit of
volume curtailment. For a
few days it had been running
at a turnover of as much as
26 per cent of the listed
shares.
The stock exchange maga
zine "Exchange" contains an
article in . its current issue
which notes that the market
has run at a rate of turnover
of 13 per cent of listed shares
for the first eight months of
1958 against 12. per cent for
all of last year.
The exchange magazine not
ed that a realistic expecta
tion of turnover might be 20
per cent. Such a figure would
mean a daily average volume
of 4,000,000 shares. The av
erage in the first eight months
was 2,542,697 shares. The re
cent spurt in volume is lift
ing the projected total " for
1958 to the best level since
1930.
U. S. May Give
China Missiles
Taipei (UPD Authoritative
military sources said today
the United States will give
Nationalist China plane-killing
Nike-Hercules missiles
and light, fast Walker bull
dog tanks.
Maj. Gen. Leander L. Doan,
the U.S. Army commander
on Formosa, and Chinese
Gen. Peng Meng-chi are ex
pected to announce the de
cision to transfer Nikes to
the Nationalists at a press
conference later.
The second U.S. Missile
Battalion already is install
ing Hercules rockets on
launching pads ringing Tai
pei. It is assumed that these
missiles will be handed over
to the Chinese when crews
have been trained to handle
them probably in about a
year.
The missiles can be armed
with atomic warheads that
can knock entire fleets of
enemy planes out of the sky.
U. S. headquarters has al
ready confirmed the UPI re
port that Walker tanks are
being unloaded at Keelung,
in northern Formosa. Other
sources said 41 of the arm
ored vehicles have been re
ceived so far, and more lire
on the way.
The 24-ton tanks, named
for Lt. Gen. Walton H. Walk
er, who was killed in Korea,
are intended primarily for
reconnaissance rather than as
assault weapons.
HERTZ
TRUCK RENTAL1
Available
at
HOPKINS RICHFIELD
SERVICE
McAndrews at Court SP 3-908
Tickling in Ear Is
Remains of Insect
Elizabethton, Tenn. --(UPD -For
50 years, Mrs. D. A. Jones
had experienced a tickling in
one ear.
She finally decided this
week to have a physician take
a look.
The doctor removed the re
mains of an insects which ap
parently had taken up resi
dence in the ear when Mrs.
Jones was 15 years old.
"Now I can hear much bet
ter," she commented Thursday.
Army Men on Trial For Mistreatment
Ft. Jackson, S.C.-flJPD-A vet
eran Army top sergeant goes
before a general court martial
today on charges he physical
ly mistreated marine recruits.
MSgt. George R. Soviet of
Ogdensburg, N.Y., was the
first of three men to face trial
on charges they mistreated
trainees between Aug. 23 and
Sept. 9.
Also to be tried by general
court martial are Lt. Gerald
L. Wheatley, 24, of Bridge
ton, N.J., charged with con
duct unbecoming an officer
and grabbing a trainee by the
arm, and SFC Charles L. Mo
man, 28, of Empire, Ala.
The prosecution claims that
Soviet kicked a trainee in the
leg, stamped on another's
foot, and forced five recruits
to hold foot lockers over their
heads for 15 to 20 minutes as
punishment.
A jobholder must earn
$6,457 annually now to match
the purchasing power of a
$3,000-a-year income in 1939.
Dworak Bound Over
To Grand Jury
Charles Leo Dworak, 35, of
Hood River, has been bound
over to the grand jury and
lodged in county jail on
$1,500 bond by D'istrict Court
Judge James M. Main on a
charge of larceny by bailee.
Dworak, who had a prelim
inary hearing Wednesday,
waived the right to an attorney.
Seaford, Del., once a ship
building center, is now a prin
cipal manufacturing town
AWARD ROAD CONTRACTS
Washington- (UPD ' Contracts
for construction of 360 miles
of the federal-state highway
system were awarded during
September at an estimated
cost of 211 million dollars,
the Commerce Department
said today.
GREEN STAMPS
CENTRAL REXALL DRUG
- Main and Central
9'2
CAN
Economy Market
Central Point '
Use Tribune Want Adt
GREAT NATION-WIDE EVENT...WHEN ALL AMERICA SHOPS AND SAVES!
Ward Week
EXTRA!
Coat Sale
18
88
Save From $6 to $1 1
Usually $25, $30
in other leading
stores! New Fall
relaxed lines or
classic styles in
textured, polished
or fleecy wools.
Many Milium
lined. Some with
fur! 8-18.
; M il
ML
Sale! Cotton
broadcloth
pajamas
1
99
USUALLY 2.9t
SAVE Vz on these
durable washable
imports of crisp cot
ton. ' You have a
choice of man-tailored
classic, man
darin, button-down
ivy collar stylet.
Gay prints! 32-40.
Crease resistant, first quality, ,
machine-washable corduroy
Save 23c yard! Pinwale for (
comfortable autumn-winter jC j
wear. Over 17 glorious I"y-,J
colors including red, copen
blue, white, black. 27" wide. - f i
Machine Washable
Corduroy Playtogs
ins
Reg. 1.59 ea. Creeperalls 12 to 24
months. Boxer Slacks 3 to 6X,
Overalls 2-3-4.
PUIR PRINTS
.1.48 ea.
Save now! Men's
flannel Pajamas ,
2.88
.Regular 3.69. In .either coat or
middy styles. Assorted stripes, pat
terns. Sanforized cotton flannel
with adjustable waist.- All sizes.
Buy several pair now! .
'
SALE! Rugged work shoes '
oil-resistant Neoprene soles
6
99
Here's long wear, comfort,
savings! Insoles are cushioned
to relieye fatigue. Rip-proof
backs, comfort-curve tops, Elk
tanned brown leather. 6-12. w.
'17
1 (
Jo -
Sale! Hooded
sweat shirts
for boys
1 66
Usual 2.49
A wanted addition
to any boy's out
door wardrobe. It's
ideal for outdoor
sports in cold, win
dy weather. Of
heavy cotton with
fleece lining. Muff
pockets, knit cuffs.
Price Cut!
Regular 2.19
Union Suits
1.68
RIBBED COTTON
A best-seller for
comfort and
warmth! Long
-sleeve, ' ankle
length Brent
Healthgards" a r
non-irritating: rib
knit cuffs are snug,'
stay in place. Non
sag shoulder.
HURRY IN! Ward Week Ends Tomorrow, Saturday, Oct. 18th v . . Be Sure to
Enter Your Wish in Our Wishing Well. Drawing will be at 4:30 P.M. Saturday
Afternoon . . . $50 Merchandise Bonus for Winner If Present.
SALE! 15 cu. ft.
TRU-COLD chest freezer
-u. ; . u stsg E-r Mh i fc'
288
$10
DOWN
SALE! 312-coil mattress
by Simmons - 59.50 quality
Holds 525 lbs.! 91 -lb. fast-freeze
section. 2 food baskets, 2 dividers.
5-year food protection plan FREE!
At Wards exclusively! Has
precision-made coils, crush
proof borders, and heavy
damask ticking.
Bex spring ....... 39.88
88
39
$4 DOWN
t
$5 'i
109.95
lined electric
water heater
$94
40 Gallon
10-YR. eUARANTEt
Dependable, eco
nomical, automatic
Fast recovery and
fiberglas insulation
gives you all the
hot water you need
all day. Glass lining
keeps water clean.
UL approved.
SALE! Finest permanent and ,
methanol type anti-freeze!
Permanent ethylene glycol 4 AA
type equals brands at twice I Jjf
methanol! Both contain rust.
inhibitors.Methanolpergal.84c
GAL PERM.
SALE! 35 to 4S
CBfchen Tools
ANY
4
FOR
511
;
Choose from matching spoons, forks;
' turners, strainer! Bright handles dress
up your kitchen. Mirror finish 'resists
rust. Save! Not all tools shown, come in!
SI
Reg. 8.95
Garden Cart
6.88
3-CUBIC FEET
Heavy gauge steel cart
hauls soil, gravel,
leaves, etc. Sturdily
built, well balanced,
two-tone color.
SALE! 4.98
Wardflex
CERTIFIED. Fine for living or
'dining room walls and ceil
ings. 1.49 QT., now 1.33
BALLOT No. Ill