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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 22, 1958)
8 MAIL TRIBUNE. Medford. Ore., Wednesday. October 22. 1958 Market Literature Lists Many Things Inspired by Strength By ELMER C. WALZER UPI Financial Editor New York -CPB- Reading the market "literature" these days one finds many -things unrelated to markets but often inspired by their strength. We read the hula hoop is u n doubtedly the greatest craze since the yo - yo, Elmer WsUzer out ot wnicn at least one man made a for tune. Also that the exaggerated rise in the market is not a forerunner of a sharply ris ing general business,, but something strong enough in itself to inspire heavy holiday spending on luxuries and semi-luxuries. That overpopulation is a mixed blessing, especially 4' ' Jf'' sr.-- fivlk .- s A NEW HAT FOR A NEW POPE Papal hatter A. Eerbi coni puts the finishing touches on the new hat he has made for the soon-to-be-chosen new pontiff of the Roman Catholic Church. There will be three different sizes made in the robes and shoes for the new Pope 'When he is chosen. However, only one hat is being made. The Sacred College of Cardinals will start voting late this week to elect the new head of the Roman Catholic Church. jE-R Center Bids i Ordered Thrown Out Portland fUPD The Port land Exposition - Recreation I Commission Tuesday threw t out all bids submitted Oct. 8 for construction of the city's E-R center. ; The commission instructed : architects to revise the build ding's design so that it can qualify for cheaper construc ; tion costs. Commissioners said .the move will further delay '. start of construction by about : three months but might not alter the scheduled comple ' tion date. Elect MARY H ADD Ell Democratic Candidate for COUNTY CLERK A young man. Capable and Ex perienced to do the job effi ciently, economically. Pd. Pol. Ad. Jackson Co. Cen tral Comm., Jim Redden, Chmn. Medford, Ore. when it is noted that massive populations can influence for-l eign policies and also can I cause wars. That this Is thrift week, and if thrift had been prac ticed by the Congress last spring the Treasury might have had smoother sailing in its financing ventures. These things are typical of market "literature" in times when it's nighty difficult to guess from day to day what the market is going to do. Tax Selling About this time each year, the market community looks over its portfolios with an eye to doing some tax selling. This year even that type of unloading isn't going to be large, according to the ex perts who point out that there aren't many losses to take. The tax seUing is expected to hit the bond market where losses in many instances are large because of the sharp de- MEDFORD MOTORISTS! Which of the leading auto insurance companies offers top quality coverage at the lowest cost? The answer is Allstate.. .and comparison will prove that for the typical driver Allstate value is now greater than ever. , Cost comparison with the leading auto insurance companies in Oregon. (Here's an example from the top ten) Rates of many other ALLSTATE RATES' YOU SAVE THESE COSTS are currently in effect for a policy core ring Bodily Injury & Property Damage Liability, $10t000$40,000$10,000 limits; $2,000 Medical; $100 Deductible Collision; Comprehensive insurance. Late model 2- or 4-door sedan such as Bukrk Special. Mercury Monterey or Dodca Coronet, pleasure use, about 135 miles weekly, all male driven ia family over age 25. You may save evem more by switching to Allstate. SEARS KIND OF VALUE. Allstate was founded by Sean, and won more than 4,000,000 policyholders with the same big-volume, low-overhead, quality-for-less prin- ciples that made Sears famous for value. Call or stop in soon for all the money-saving facts about Allstata. DOUGLAS H. HINESLY and JOHN J. FRANTZ Sears. Roebuck and Company, Bldg. 40 South Central, Medford, Oregon. Phone SPring 3-4722 . You're Fouaded by Sears. Roebuck and Co. with indeoendetit And liabilities. Home Office: SkoM. UUaois cline in senior issues Such selling might inspire some profit-taking in stocks. The bond losses then could be applied against the stock pro fits for the income tax re turn. Standard and Poor's calls attention to contributions of stock since the cost of contri butions can be cut by giving securities that have appreci ated in value. One is allowed a deduction on the basis of current value, and he can avoid payment of the capital gains tax on appreciation over the original cost, says Stand ard. Election is two weeks away and that poses a problem for the market,, according to some of the experts. They have been setting the period immediately after election as possible time for profit-tak tag. ' In the past, the usual pro cedure in Wall Street is to jump the gun when a specific date is set for. any market move. Hence, the belief that profit-taking, if it is going to develop in any large amount, might well come before elec tion day. If the stock market does loosen up some profits there will be a rush to get them by several groups: 1. The U. S. Treasury, which is tuning up a big drive to sell more of its securities to investors to avoid the in flationary potential of sales of bonds to banks. The automobile industry which is banking: on a big de mand for its 1959 models now gradually swinging into pro duction with a goal of six million car sales for 1959. 3. Savings banks which are advertising for new deposit ors despite increases already recorded to record highs. - 4. Municipalities which have been running into dif ficulty even with tax exempt bonds. COURT RECORDS MUNICIPAL COURT Donald Gilbert Coon, disobeyed traffic signal, $5. Ronald David Warren, disobeyed red light. $5. Lewis Arnold Clifton, disobeyed red light, $5. - Clarence Robert Schmidt, wrong wav on one way street. $2.50. Hiram Elmer Thrash, disobeyed stop sign, $2.50. - ' Hal B. Pearson, disbeyed red light, $5; no operator's license, $3. Gerald Marvin Wynng, violation of basic rule, improper passing, $10. ' Terry Lee Tull, failure to yield right of way, $10. Morton. Hammond Kasser, viola tion of basic rule. $10. Robert Gibson Smith, violation of basic rule. $10. Jacob Alfred Larson, violation of basic rule, $10. Gerald Theodore Dynge, dis obeyed stop sign. $5. Ralph Lloyd Blevins, violation of basic rule. $10. Allen Martin Crosby, disobeyed red light, $5. , - Bruce DeWaynne' Elder, dis obeyed no left turn sign. $5. Mabel E. Judson, disobeyed red light. $5. companies $134.70 103.20 $31.50 in good hands with L.B-STAYE INSURANCI COMPANIES' School Bus Driver! Laws Declared Too Stringent Salem fOPD J.' L. Curtis, safety director of the Oregon Timber Transport Operators, charged Tuesday that state school bus regulations, once too lax, now are stringent to the point of "foolishness." . The charge came after a permit was refused a Wash ington county school bus driv er. ; Curtis said the man had 30 years of accident-free driv ing including 13 years of op erating school buses. Curtis said the driver was refused a permit because his eyesight was 20-20 in one eye and 20-80 in the other. Motor - Vehicles Director James F. Johnson said any ac tion in the matter would be up to the State Board of Health since the issue was a medical one. . Pendleton-(DPD-Dr. Louis J. Feves, Pendleton, president elect of the Oregon Medical Society, said Tuesday night THURSDAY Sale! 69c Carol Brenf first quality 1560 nylons 'i -t Full-fashioned ' Beautifully sheer , Reinforced at points of strain. Self, dark seams. 814-11 '4 X SALE! Fine Washable Panel Curtains Ivory white. Permanent finish. Rayon acetate, ben- erous hems. ? ; - - Remnant Sale ' Vl Pri Huge assortment of ' cottons, rayons, wools, miracle fabrics. All have previ ously been reduced 25 or more. Save ot Wards. . . Boy Turned Over f o Juvenile Authorities A 13-year-old Medford boy was turned over to county ju venile authorities by Medford police yesterday in connection with a burglary last week end and other recent cases of petty larceny. The boy, police said, admit ted his part in the burglary of two tin snips valued at $8.50 from Brooks Sheet Met al and Heating company, 1036 North Riverside ave. The average passenger car in, "the United States travels close to 10,000 miles a year. that after a state-wide tour he found that a large percentage of the physicians in Oregon requirements for school bus drivers as "fine." Dr. Feves said the general opinion of the doctors he visit ed was that the tougher med ical requirements would "def initely produce medically and emotionally well- qualified school bus drivers." He said the only apparent drawback to the new require ment code was the higher cost of the more thorough medical examinations required. 1 " com FRIDAY and SATURDAY 7? SALE! Regular 2.54 lunch kit and 10-oz. bottle 77' Kits have new colorful as sorted designs! Matching thermos bottles. New tip pro , I I ea. 41"x81" 'queen-size' TV or patio table 77 WARDS unci 1- 1 2 xl7" with gay en gine design. 24" high. , Acid, stain-resist top. Trasnaoie. BiacK legs. rice Policeman Shoots Oakland Man Roseburg (UPD Joseph C. Brown, 26, of Oakland, Ore., was in fair condition at a hos pital here today with a gun shot wound in the abdomen. Officer Dale Flener of the state police detachment here said he was forced to shoot Brown after the man repeat edly attacked him with a length of pipe. Flener said he had stopped the Oakland man for speeding and when he asked for a driver's li cense he fled. He returned with a pipe and began to beat the officer. . Flenes said he fired two warning shpts into the ground before lie was forced to fire.directly at the man in self-defense. : The of ficer was to be treated today for bruises about the head and shoulders he said were inflict ed by Brown. ' Hospital attendants said Brown spent a satisfactory night. There was no indica tion what charges would .be placed against him. SALE! Girl's, Subteen Dresses Reg. 3.98 3-6X, 7-14 1.97 54 Only Reg. 5.98 7-14 Subteens 2.87 31 Only Attractive plaids, prints. Fall styles. 1.88 tector. Pressure seal stopper, Bom easy to open. fits in KIT . Reg. 4.98 Duslers 500 Smartly fashioned chenille in luscious, bright clear colors. Closely woven deep cotton pile. Washable. Misses's women's sizes. . 40 Only. Elkins Expected To - Washington (UPD A senate Rackets Committee official said today he understood James B. (Big Jim) Elkins, Portland, . Ore., gambler, would appear before a federal grand jury here Oct. 27. . The official, Paul Tierney, assistant committee counsel, said he couldn't comment on whether Elkins also would ap pear before the Committee. Portland newspapers re ported Elkins would appear before the committee today. While the committee has no official meetings scheduled be fore next month and no mem bers are in Washington, Elk ins could be questioned pri vately by committee aides. Tierney did not rule out this possibility. Elikns was given court per mission Monday to leave Ore gon for Washington. Elkins testimony in Febru ary, 1957, highlighted the committee's probe into affairs of West ,Coast Teamsters of ficials. Elkins, described as "disenchanted" with his al leged racketeer and union ex associates, charged racketeers and" Teamsters leaders had A Sale! Reg. 2.49 western style saddle'pants 1.88 . SIZES 6-16 Boys' favorite slim-leg style, 13-oz. denim mothers approve for rugged wear. Reinforced at all points of strain. Stock up now at this low low price.. 84 Only. r-f ft' - n Regular 19.95 Wards most popular portable radio Compact size and light weight make it ideal to take anywhere. Built-in an tenna, A" speaker.' Un breakable case. Reg. 2.25 FIREPLACE GRATE 1.58 bar - steel wood grate. 19-in. front, 16-in. back. Open ends. Black. Reg. 1.98 Cotton Luxurious cotton broadcloth well and retains its fresh Six styles. 77 orly. ! Be Quized by Committee Aides sought to take over gambling in Multnomah county, Ore. Much of his testimony was denied by later ' witnesses. There was speculation Elkins' reported appearance before a V' 's c Li SALE! Equals Highest 14.88 GIFT IDEA Blouses that wears good looks. grand jury would concern conflicts of testimony from the 1957 hearings. There was no immediate word on what ether witnesses the Jury would question. TOO THIN? Look for GYMNASIUMS PHYSICAL CULTURE SHOULDER PADS in the YELLOW PAGES Sale! Reg. 3.98 men's pinwale Corduroy Shirt 1.99 43 Only Washfast colors stay bright. Wash able. Cotton pin wale, rayon satin yoke lining. ' Per-man-ent collar stays. , Medium six only Methanol anti-freeze brands at 1.60 gal. quality methanol base 77' I me i - . . over 1 ?0 proof; inhibitors protect , against rust, corro sion. . Approved by states where registration required. OAUON 6-foot wood step ladder, reg. 6.75 Steel safety lock, steel 'rods reinforce steps. Extra wide rails. Select kiln-dried ladder wood. 10 Only AM Reg. 459c Toilet Tissue Rolls 42) Delsey, soft like Kleenex tissue. 1000 (500 double) sheet rolls. The finest you can buy. Stock up now and savel 1 1
