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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 24, 1958)
8 MAIL TRIBUNE, Medford, Oregon, Friday, October 24, 1958 N.Y. Stock Exchange President Advocate Of New York -1TD- G. Keith Funston, the 48-year-old presi dent of the New York Stock Exchange, is chief apostle of what he likes to call "people's capitalism," getting more and more people to own part of America's businesses. Funston left a post as pres ident of Trinity College in Hartford, Conn., seven years ago for his present job and he startled some traditionalists in Wall Street by insisting on pushing a program to broaden the base of stock ownership. Farmers Still Resist His chief obstacle was over coming the mystery that had so long surrounded Wall Street, the feeling of the aver age man that he was in for a fleecing if he got mixed up with the wolves in the big city. It is interesting to note that the one group which still re? sists buying stock are the farmers. They form a very small percentage of the nine million Americans now own ing shares. Robert Wilson, former head of Standard Oil of Indiana, had a scheme to interest them. He wanted to sell Standard Oil stock in every one of the company's filling stations in the Middle West. But law re- i. , SOLD ONLY AT WARDS. 9. V w 4sr ' , r i RE-ROOF YOUR HOUSE AT Vz THE COST i i - t j ;" 'i ( I -ft Uh j il J T3 A CHECK THESE - FEATURES fe : ; y fffl3 - i-hk, ' tain. oppwK wVfmSw-MA Butyl resists cold (70 below zero) or heat iloO'FUVotedsroof. Butyl ends water leaks. Gives roof a "rubber romcoot". Botytresistscrodcma tearing. Withstands extreme weather. 5vr' .-""" Butyl resists highly destructive acids, salts, found in air. Butyl seals, cushions shingle edges to with stand wind pressor. TURNS AN OLD, WORN OUT ROOF INTO A NEW ONE! only 98 PER GALLON IN 5-GAL CAN Butyl reflects heat keeps your house cooler in summer. Butyl does not harden upon aging as as phalt coatings do. RCCF ROLLER 2.59 J? 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Buty is available in Afominized, Heat-Reflecting Pastel Colon quires only licensed brokers can . sell securities and the brokerage houses regretfully termed his plan impractical. 'People Capitalism' Funston, ah energetic man with wavy hair and horn-rimmed glasses who looks more like a football- coach than a financier, is an evangelist of "people's capitalism." Here is what he said in one of his speeches: "This development, revolu tionary in its progress, is like ly to prove revolutionary in its impact. It will provide the means of reaching the goals and broadly distributing the profits of an industrial system that is restlessly moving up wards. "On their own volition, as free men, Americans can pur chase a share in almost any one of America's great busi- ng More People To Buy Shares nesses.'This is a system Rus sia cannot match in any re spect." Far from all financial ex perts agree with Funston. Wil liam A. Lyon, president of the National Association of Mu tual Savings Banks,. had this to say recently: "The stock market, rather than being a mirror reflecting the inflationary tend encies arising elsewhere in the eco- Theyll Do It Every Time" By Jimmy Hatlo AHO WHEM I S4Y I'LL CUT TAXES-I ME4M EX4CTLV 7H4T WHEN I PROMISE VOU TO BUILD HEW SCHOOLS AMD MOVE THE QAR8A0E INCINER AlOQ CAST OF TOWN THESE THIMSS SHALL BE DOUBJJ WHEN I MAKE A PROMISE TH4T PROMISE IS A THE OPPOSISH OUGHT TO ET- HOLD OF SNIFTER'S WIFE-HE'S BEEN! PROMISING HER 4 SKUNK COAX SlMCE THEy WUZ MARRIED LAST MIGHT HE TOLD THE GA PHASE MEM'S Y dc a, co SOCIAL CLUB HE'D TEAR PROMISED HE TO ENLARGE THE just FIVE minutes. INCINERATOR- THAT'S MV UMr.l P ' HE SWORE TO AUMT f GONDOLA HE WASN'T GONNA RUN ANY MORE-SAID HE'D MAKE HIS PILE -4ND QUIT' THAT WAS AN HOUR AND A HALP AOO' GETTING THE STORV BEHIND THE STOCy ON THE LOCAL POUmaAH- tuauy Ann A TiDnc-njc hat TODOHTUOMOMI. rfa4 Brohx, N.y. EAST EVANS CREEK Visitors Are Listed By NELLIE BERGMAN East Evans Creek-Mr. and i Mrs. Paul Mattison and Caro- lyn of Grants Pass visited friends in the Meadows recently. Several men in the Mea dows have their bucks. Mrs. Rhoda Fry and Elmer Dawson of Prospect were re cent visitors at Carl Bergman home, as were Mr. and Mrs. Jas. Gregg of Central Point. Ward Week Wishing Well WltlHER LAWRENCE W. ANDERSON 742 West McAndrews Road ' HIS WARD WEEK WISH: 30.06 HUNTING RIFLE With Scope and Mount ,Cpl. and Mrs. Harvey N. Dutton and daughter, Connie, who have been stationed at Connecticut in Army guided missile training, have been visiting friends and relatives for the past month. They plan to leave soon for El Paso, Tex.,, for another year of training. Emery Stingley has been on the sick list recently. Mr. and Mrs. John Eek and sons, Danny and Randy, visit ed at the Carl Bergman home. The . Vinson Hunt' family had Sunday dinner with F. H. Haworth family on the Butte Falls road. It was Ronda's birthday. Mr. and Mrs. LeRoy Wehd of Trail called at the Carl Bergman home. Mrs. Wehd is Mrs. Bergman's niece. Mr. and Mrs. Amos Maples- den and son, Sidney, attend ed the wedding of a nephew in Canyonville Saturday evening. T. L. McClelland of Long Beach, Calif., is in' the valley spending a month's vacation. He is visiting his sister, Mrs. Guy Bishop, and friends in Medford and Eagle Point. The two Bishop families and McClelland spent the first part of the week salmon fish ing in the Alsea river at Wald port. Due to late rains the fishing was poor and only two silverside salmon were caught by the party. Dr. Bishop and family re turned to their home in Aber deen, Idaho, Sunday, to re sume work in the Idaho ex periment station and start to school again after the potato harvest vacation, which is an institution of Idaho. Dr. and Mrs. Guy Bishop Jr. and daughters, Kristie, Kathie and Kerrie Lou, have been spending two weeks in the valley visiting Mr. and Mrs. Guy Bishop Sr. and Mrs. Bi shop's parents, Mr. and Mrs. Ben Dawsons, of Ashland, and other relatives. Mr. and Mrs. Jess Terry of Central Point entertained Sunday with a dinner at their home in honor of their son, Don, home on leave from the Navy, and the wedding anni versary of Mr. and Mrs. Tylie Evans, and the birthday of Tylene Evans, John and Joe, Terry and Mrs. Lloyd Beers. Other guests were Lloyd Beers and Mr. and Mrs. Ray Bornham and Susan McAllis ter of Beagle, Mrs. . Charles Terry and daughter, Debbie, and Dorothy Terry of Medford. Presley Checked To Avoid Riot Frankfurt, Germany - (UPD American rock 'n' roll star Elvis Presley did everything but walk out on the stage Thursday night. Police held him back fearing a riot. Presley turned up unex pectedly at the premier per formance in a movie house here of rock 'n' roller Bill Haley, who was opening an 11 -performance tour of Ger many. Elvis whistled, hummed, stamped his feet and even did a few of the gyrations which have become his trademark but all in the wings. The audi ence never saw him. Police, fearing an unexpect ed appearance by Presley would start a riot among the packed teen-aged audience, asked him to let Haley take all of the limelight. Presley, graciously, but re luctantly consented, and left the theater immediately after Haley's performance. He is stationed near here with the U.S. 3rd Armored Division. Your A future is - mV career ' Glenn R. Jennings F 4 216 East Main, Medford, Oregon Phone: SP 2-8005 Expectant Mother Saves Infant Son Fenton, Mo. - (UPD - An ex pectant mother proved to be a better swimmer Ythan she thought and rescued her in fant son from the chilly waters of the Meramec river. Mrs. James Hawkins, who is expecting another child in three months, told authorities she was standing near the river when she saw her 18-month-old son floating in the water. Although a poor swimmer, Mrs. Hawkins plunged into the water and swam 25 feet to recover her son. The baby, James JrJ was revived at a hospital. nomy, is proving itseit to oe one of the prime originators of inflationary fears. "The steeply and steadily rising stock market generates investor worries over infla tion, which leads to more buy ing of stocks, which leads to more anxiety over inflation, and on and on it goes, feed ing on itself." No mater how much stress is put on long-term invest ment in, buying stock,- the 'market will never lose the aura and attraction of gamb ling. You can still make a fast profit-and you can still lose your shirt. In the hundreds of brokers' offices across the country men and women sit by the hours to watch the fluctua tions of prices on the big board on the wall. It is the boast of one big brokerage house in New York that a customer in San Fran cisco can order a stock pur chase or sale and have it ac complished and confirmed within 60 seconds. . Many Miles of Pacing Vortex of this atmosphere of speed is the Exchange floor. One broker had a pe dometer strapped to his leg and it was found he was cov ering 12 miles a day hurry ing around the Exchange floor. There are still unscrupu lous brokers.,One of the slang terms in Wall Street is "boil er room." Its definition: "High pressure . peddling over the telephone of stocks of dubious value. A typical boiler room is simply a room lined with desks or cubicles, each with a salesman and telephone. The salesmen call what is known in the trade as sucker lists." But the emphasis today is unquestionably oh'invest ment, not speculation. More than a million shareowners have never been in a broker's office and watch only casual ly the ups and downs of their stock. Their stolid indifference to rumors and their refusal to panic are enough to turn any old Wall Street wolf gray. RCA VICTOR'S SOUND SPECTACULARS FOR '59 Hear these New "Living Stereo" Records Or on Regular Long Plays MEW! Il I SINGS THE BLIln LOP-1006 1 I mm LPM-1700 LPM-1674 LPM-1688 PURUGKER MUSIC HOUSE 111 North Central, Medford Phone SP 2-5702 SUPPLY BEAR BLOOD Gatlinburg, Tenn. - (UPD -The Federal Bureau of Inves tigation has' added bear blood to its list of laboratory sup plies. Agents said they now will be able to produce evi dence, by means of matching blood samples, " against per sons suspected of illegally killing bears in the Great Smoky Mountains National Park. LOW-PAYING JOB London - (UPD - The Earl of Dundee took over as minister without portfolio today, re placing Lord Mancroft who resigned because he couldn't live on "the job's $10,000 a year salary. We Give GREEN STAMPS CENTRAL REXALL DRUG Main and Central " mmm HARVEST THIS WEEK ONLY... specials Readymade Fiber o Jelspun Plastic S E AT C V E R S Protect! Beautify! and Comfortize Your Car for Winter. There are many styles you can choose from and save on during this big event. NO INSTALLATION CHARGE! Luggage LOOK FOR'THE Closeouts TAG 0) I ' Q) iyi p iC r a" yur ju"a9e nee(s 314 EAST MAIN SP 2-4472 1 ih::3FLY.for,fftEE ...on AMCY IFU THAT'S RIGHT. Only 1 patient out of 3 is1 a subscriber. The other two must pay. Any resident living within 150 miles of Medford, Ore gon, can and should be a subscriber to Mercy Flights. At $4 a year per family, it is the only way that a wage earner can afford air ambulance service for his family. Accidents don't just happen to "someone else." The most common comment by Mercy Flights patients is: "I never thought that WE would need Mercy Flights." If the time ever arises when your family is saying this, wouldn't it be better to be a subscriber? For a non-subscriber, the fee is $70 for every 100 miles the patient is flown. Published as a public service by the Medford Mail Tribune NO OTHER AREA... -in the United States has a service like Mercy Flights. The three twin-engine planes are operated for only one rea son, and that is to save your life. Don't wait until it's too late! If you are not a subscriber, send your $4 today to: ' ' MERCY FLIGHTS, INC Box 522 Medford, Oregon
