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
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