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
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