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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 27, 1958)
Stock Trade Volume Reduced As Market Faces Uncertainty By ELMER C. WALZER (UPI Financial Editor) New York - OD - Stocks moved irregulary on reduced volume dunng the past week as the financial district felt its way in a maze of uncer tainty. Railroad issues managed to rise 0.47 point, to 147.76, new high since Aug. 7, 19.7. Industrials lost 6.84 points to 539.52 iiv their average, the first weekly decline for that average since Aug. 15 when it dipped 4. CO points. Hearts V Flowers Wffl V 7080 Strike an elegant note in your home with matching heart - shaped chair - set and delicate doilies. Hearts 'n' flowers in ' filet crochet. Pattern 7080: direc tions, charts 17xl3V2 - inch chair back, 8xl3Vfc armrest, 17x26 and 8x26-inch doilies "in No. 50. Send THIRTY -FIVE cents (coins) for this pattern-add 5 cents for each pattern for 1st class mailing. Send to Med ford Mail Tribune, Household Arts Dept., P.O. Box 168, Old Chelsea Station, New York 11, N.Y. Print plainly NAME, ADDRESS, PATTERN NUM BER. Our new 1959 Alice Brooks Needlecraft Catalog, just out, has many designs for crochet i n g, knitting, embroidery, quilts, dolls, weaving. A spe cial gift, in the catalog to keep a child happily occupied-a cutout doll and clothes to color. Send 25 cents for your copy of the book. In the 4. weeks so far 193?. the industrials in the Dow Jones calculation have risen in 30 weeks and de dined in 12, the widest dip being 8.11 points in the week ending April 3 Utilities lost 0.36 point on the wetk to close at 82.28 2nd the 65 stocks of the thrc averages were down 1.45 at 186.91. Volume dipped lo 19,463 614 shares for the -veek, daily average of 3,892.722 shares, against last week huge total of 24,402,570 shares, a daily average of 4, 880,514, and a nev weekly high since July 22, 1933 Man Crets Currtnli Sales so far in 1958 amount to 576,038,150 shares, best since 1938. Even if the trad ing rate falls to 2,500,000 shares daily the total soon will pass the 1933 figure to the best level since 1930 It was a week of many cress .urre.ts for V..c m?r k?- The isoid recjvery of last week alter two d-tv of sharp dec'.'ie left the mar ket in a state of u.ve tunty. the Wfchleni.iz mon rates. accentuated this w..v: bv rise to 2V2 per ce.ii :.i she discount rate in fivo FeJeral Reserve c 1 ks, plus a rorrnt margin rise from 70 er cent lo 'Mi pe: cent have caused some tra trs to tr ;ad cau tiously. Business news, however. held high and that sustained the market. Individual shares were easily able to rise against the trend from time to time on special develop ments. The outstanding dividend actions of the week which helped the market were 25-cent Pennsylvania Rail road dividend which main tained that railroad's 111 year record of continuous dividends, a 20 per cent stock dividend by Northern Pacific Railway, and four quarterly 5 per cent stock dividends ordered by Schenley Indus tries. Schenley gained 634 points and Northern Pacific 4 points. Pennsylvania Rail road strengthened for a time and ended unchanged, Key Chemicals Weak In addition to the dividend aid the rails had in their fa vor a rise in car loadings to a new high for the year for the sixth successive week Amercian Motors stood out with a gain of 4 points. The issue was in second place with volume of 561,500 shares. Studebaker Packard led the whole market in turnover with sales of 880,100 shares but it got nowhere, closing unchanged st 14. General Motors lost 1; Ford 1; and Chrysler 2Vz points. Weakness in key chemicals Put Mel Lattie in the u State Legislature November 4th Put Mel in the Legislature as ONE of your Representatives. On Nov. 4 you should vote for TWO Representatives to the Legislature. Be sure Mel Lottie is one of them. Mark Ballot number 111 ... One ' Eleven . . . that's a lucky number, a lucky number for Jackson County. Elect riEL LATTIE Republican State Representative Nov. 4th Paid Adv. Lattie for Representativt Committet, Dick Gray, Chairman, Cherry Lane, Medford. played a big part in the in dustrial average decline. Du Pont lost 5ss points and Al lied Chemical 4Vi points. Lorillard spurted nearly 10 points on record earnings but high income left Reynolds To bacco B down 2Vs points. Al coa lost 5Vi in the aluminum group. Magma was off 314 in the coppers. Holmes Proposes Game Committees Salem (DPD Gov. Robert D. Holmes Friday announced a proposal to appoint regional advisory committees to aid the State Game commission in the conservation of deer herds in Oregon. The Governor said that as a result of large numbers of hunters taking to the fields this season, pressure on the deer herds has created prob lems in conservation. He said the appointment of commit tees throughout the state would help "the State Game commission in the tough job of administering the state game laws. "Hunters and anglers serv ing on these advisory com mittees, could make available to the commission their singu lar store of information," he added. 4-H Club News Slilch 'N Time 4- Club The "Stitch N Time" 4-H club met for the first time at the home of the leader, Mrs. John Carnegie. Eight . St. Mary's girls, from the fourth and fifth grades are going to work on the "Just So Girl" 4-H clothing project. The club elected the following officers: president, Marlene Nouguier; vice-president, Sharon Caper na; secretary, Betsy Dunlevy; and reporter, Joan Eslinger. Other members are Molly Ely, Susie Whinihan, Marga ret Carnegie, and Marcy Miller. Next time the club meets, Nov. 1, we will visit the Sing er Sewing Machine company to learn about sewing equip ment. Mrs. James C. Miller Jr. is assistant leader of the "Stich N.Time" club. Joan Eslinger, Reporter. MAJ1. TRIBUNE, MedforJ. Orcgen, Monday, October 27. 1931 T TO RETURN, VISIT Tehran, Iran UPD- Soviet Premier Nikita S. Khrush chev and President Klimenti Voroshilov of the Supreme Soviet will pay a return call on the Shah of Iran before the end of the year, informed sources said today. No date has been set for the visit, the sources said. Sweet Dreams 9127 In tir&MlHH Sweet for sleep-our Print ed Pattern makes a complete slumber wardrobe-easiest sewing. Nighties comes in. 3 lengths (with' bloomers for shorties style), 2 necklines, 2 sleeve versions. Printed Pattern 9127: Misses' Sizes 10, 12, 14, 16, 18, 20. Size 16 dress-length gown, 4M yards 35-inch Em broidery transfer. Printed directions on each pattern part. Easier, accurate. Send FIFTY CENTS (coins) for this pattern-add 10 cents for each pattern if you wish lst-class mailing. Send to Marian Martin, Medford Mail Tribune, Pattern Dept., 232 West 18th St., New York 11, N.Y. Print plainly NAME, 117 SOUTH CENTRAL PHONE SP 3-7301 FREE PARKING In Rear of Store m rnnrpfn) nnnnn (a) Ik Jt COAT Women's, Misses', Girls SAL t Save up to $9 Little gHs' "Golden Loon fleece coats 10 88 REG. 24.98 NEWEST FALL SHAPES New relaxed shapes! New back interest styles! Many Milium lined! Textured, polished, fleecy wools! Try the exciting new relaxed line and the new cocoon bocks with pleats, tucks, bows or belts. See clutch or cardigan styles, too. 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