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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 6, 1958)
Hatfield To Face Demo-Controlled House, Senate Portland !U7D Republican governor-elect Mark Hatfield will have to put his program for Oregon through a Demo cratic controlled Senate and House of Representatives. In the Tuesday election Democrats captured the Sen ate 19 to 11 and appeared sure of a 33 to 27 lead in the House. The Senate lead was a sub stantial one compared with last session's 15-15 tie, but the Democrats'- House total had dwindled from 37 to 33. 12 Holdover Demos Both Republicans and Dem ocrats captured six Senate seats, but the difference was that the Democrats went into the election with 12 holdover Senators and one unopposed, while the Republicans had only three hold overs plus two unopposed. Democrats elected Sens. Alice Corbett and William - Grenfell Jr. from Multnomah county; Monroe Sweetland and Rep. Richard Groener from Blackamas county; Rob ert Etraub, Lane county; and Loyd Key in Umatilla county. Republicans elected Salem Mayor Robert White and Rep. Eddie Ahrens from ' Marion county; Melvin Goode, Lane county; Edwin Durno, Jackson . county; Walter Leth, Polk county; and Donald R. Hus band, Lane county. In House races, Democrats seated nine members and Re . publicans seven in Multnomah county. Clackamas county went Democratic and Marion county went Republican. Tight Senate Races Senate races were tight in Lane county and in Umatilla Xtere GOP Sen. Leander Quiring was defeated for re election by Key. Only 127 votes separated Durno and Gordon Hudson in Jackson county. Three Republican Senators decided not to run this time. They were Howard Belton, Canby; Rudie Wilhelm Jr., Portland; and Truman Chase, Eugene. Unofficial results showed only a 33-vote difference by which Frank Weatherford won his House seat in the Morrow-Gilliam-Sherman dist rict. Membership in Investment Clubs Continue To Increase By ELMER C. WALZER UPI Financial Editor New York -CPB- The indus trial average has doubled since October of 1951 while investment club member ship in the Na tional Associa tion of Invest- STS ment Clubs t lias risen more tnan l.uuu f old in t h a t same period. And ii e w clubs are join ing at the rate of 50 a month, the Association reports on the eve of its eighth annual con vention to be held in Chicago. Back in 1951 four invest ment clubs with 40 members met in Detroit ?nd founded the national association.. To day their membership is 45,- 000 in 3,427 clubs. And since it is estimated that only one out of every five clubs is affil iated with the N-AJ.C, there probably are 17,135 invest- IXaer WaJzer Reserve Board Authorizes Hike Washington -(UPD- The Fed eral Reserve Board Wednes day authorized the Federal Reserve Bank of San Francis co to boost from 2 to 2Vz per cent its charge on loans to commercial banks, effective today. Among the -12 federal re serve banks, only the New York bank now is maintaining a 2 per cent discount rate. The board first authorized some of its banks to lift the charge to 2V per cent , two weeks ago. The move was offi cially described as a "techni cal adjustment." Court Sets Aside Murder Conviction : San Francisco (LTD The U. S. Court of Appeals has set aside the six-year-old con viction of Francis J. Hilder brand, 53, for the murder of a man on the Lumni Indian Reservation near Bellingham, Wash. Hilderbrand pleaded guilty to second degree murder in 1952 and was sentenced to 35 years in Leavenworth' Federal prison by the Federal District Court in Seattle. However, San Francisco attorneys Kenneth Phillips and Totten B. Heffelfinger II dug up an 1881 decision by the Supreme Court that the federal courts have no juris diction over offenses commit ted by non-Indians on an In dian reservation. Neither tiuderbrand nor Robert J. Kelly, who was stab bed by Hilderbrand during a fight, were Indians. New Hampshire, widely known as a vacation state, is actually one of the dozen most industrialized states in the country. Porter Sees Housing Bill Among First Eugene - (UPD - Rep. Charles Porter (D-Ore.) predicted to day that one of the first pieces of legislation to be acted upon by the 86th Congress will be a comprehensive housing bill, Porter, who was victorious in his bid for reelection, said "no general housing bill was passed during the last session and this remains probably the most important single piece of pending legislation." CHANGING SIGN Washington (UPD Sign in National Republican head quarters on Monday: "Only 1 day to election." Same sign, Wednesday, cour tesy of an unknown wag with a pencil: "Only 731 days to election." ment clubs with 225,000 mem bers in the United States to day. Investment clubs are small groups, usually 10 to 15 per sons, organized to invest in securities on a pool basis at an average rate of around $10 to S15 a member. They not only join up in the great peoples capitalism movement but they also have Young Mother Stabbed To Death Harlingen, Tex. (UPD An Air Force chaplain found a young mother stabbed to death in .her bed early today when he went to tell her that her airman-husband had been killed in a traffic crash. The couple's three children slept in the next bedroom. Air Force authorities said they believed the airman killed his wife and then com mitted suicide by driving his automobile at high speed into a foot-thick concrete canal abutment. The victims of the apparent murder-suicide .were Mrs. Grace L. Rogers, 29, and S. Sgt. Ronald D. Rogers Jr., 30. an opportunity to study mar kets and economics generally. The association clubs follow these principles: . 1. Study and learn how to select companies ' growing faster than their competitors; 2. Invest regularly each month regardless of the market out look; 3. Reinvest earnings for compounding, and 4. Diversi fy to protect their invest ment." Growth Rat Consistent The rate of growth has been consistent and it is noted that the market decline from the middle of 1957 to the spring of 1958 has no adverse effect on the existence of clubs. These organizations are listed from every state of the union, Alaska, Hawaii, and seven foreign nations. National Association clubs currently hold 3,500,000 shares, valued at $30 million in more than 3,000 companies. Monthly they are adding $750,000 of securities. If this were projected to the estimated total membership in all investment clubs, includ ing those outside the associa tion, the holdings would work out at 17,500,000 shares val ued at $150,000,000: The National Association finds that chemicals and drugs are the most popular groups for club investment. Most members prefer listed shares, although nearly every club holds over-the-counter secur ities. - The association in a recent survey found that most people join investment clubs for "the opportunity to learn about se, curities. A considerable num ber rate a chance to develop a security account as their greatest interest and about one-quarter says the clubs' so cial aspects are most appeal ing.' Big Factor in Market As these clubs grow and grow they become a bigger and bigger factor in the stock market. They maintain their operations regardless of the trend of the market and thus help sustain Its values. In addition to learning about stocks and bonds, the club members get a liberal education in economics. And this education in turn gives them a broader knowl edge oi the capitalistic sys tem, and closer to horn they MAH.TKIIUNt.M-W Or.. Tfcreay. HitmiW , 1 fit 11 ftt information on how to conduct their own family fi nances. The agenda of their eighth annual convention to be held Friday and Saturday includes such topics as bow to select stocks, how to get the most out of a financial report, legal and tax problems, and ac counting problems. In addition, a group of ex perts in stocks and industry will address the various ses sions on timely business and financial topics. These clubs are getting to be bier business for the finan- i eial world. Get non-caloric, non-fattening NX.P.JEttttEXT LIQUID SWEETNER WTO I OCi PURSE SIZE C3V BOTTLE a Pi With purchase of 4 oz. bottle at regular price. ' Anti-Death Penalty Group To Try Again Portland -UPD- Brock Dixon of the Oregon Committee to Repeal the Death Penalty said here today his group will re new its efforts to abolish capi tal punishment irrthe state. Dixon said he was disap pointed with the outcome of Tuesday's vote on the measure but that the narrow margin of its defeat indicated that an other vote should be taken on the issue. He said the "committee can explain the defeat only in terms of its ' own failure to carry the issue and informa tion to enough people." Cave Junction Voters Retain Carroll Banks Cave Junction -(UPD Voters retained Carroll Banks as mayor hefre in balloting Tues day, 85 to 22. He defeated El wood Hussey. A proposition to change the name of the community from Cave Junction to Cave City went down in defeat, 64 to 39. SIP AND SNIFF Memphis, Tenn. -(UPD- Anna Brown, a Negro, won a dis missal of a gambling charge Wednesday wheni she- ex plained to the judge she and her friends weren't playing for money but just "for a drink or a smell." Winners got a drink from the bottle of whiskey, Mrs. Brown explained; losers got only a smell. W suM ON Sugar. Yon will be, too! Look for Spreckels Granulated Sugar in extra-thrifty 2, 5, 10 and 25-lb. bags! ! THIS WEEK'S SPECIALS AT I M m IS. aT . I m M sbh M a PURE PORK SAUSAGE Country Style 39 Mayonnaise Each week, we will have similar specials in our three depts. at money-saving prices. COME IN and SAVE MONEY! Budget Meat Plan 25 lbs. BEEF 11.95 Steaks Roast Ground Beef Stew BORDEN'S 49 Quart POTATOES U.S. NO. 2 ", 10 19 POPCORN YELLOW or WHITE 5 79 Corner 4th and Front Phone SP 2-8045. FREE PARKING PRG-HOUBAV Terrific End-of-Seasori Close Out Buy! Over 600 Pairs! js!) Savings for the Entire Family. - vi MEN'S SMART MEN'S NOW BOYS' STURDY SHU-LOK OXFORDS 6 66 BOYS NOW :55 Incredible price for men's black Shu-lok oxfords! Smart shoe! Bt smart and buy them now at Penney's lowest price ever! Fine supple leather uppers, long-wear soles. Goodyear welt construc tion. Sanitized. . Other styles in brown casuals and brown cap toe dress oxfords. Broken sixes! Reduced to , $5.44 GIRLS' WOMEN'S BLACK AND WHITE SADDLES GIRLS NOW 88 WOMEN'S NOW 166 Crepe sole b.ck and white casual saddles in both girls' and wom en's sizes. Aiso women's higher priced dress pumps in black or red leather. All drastically reduced to clean up. Not ell size, but terrific bargain. , - - JR. GIRLS' STURDY SCHOOL FLIP STRAP CASUALS She can wear them as a strap or flip the strap behind the heel and wear them as pumpf Penney's tiny-pricVd shoes can skip rope for miles and not show it! Sturdy, smooth leather, stitch-down rugged soles, studded front strap; Brown, red. Sanitized. NOW j88 Sixes S's to 2 COMPARE! Where else -but Penney's WORK SHOES at such Savings! More of everything ... moisture and acid resistant cowhide with rip-free 1 -piece backs, Goodyear welting, rubber heels, cork and rubber soles. Sanitized, too! Size 7-1 IE. NOW )00 JR. BOYS' RUGGED SCHOOL OXFORDS Storm-welt! Rugged long wearing soles. Yoar x boy gets foot protection. The shoes get hard knocks, and take it! Black or brown. Sizes 8V2 to 3. NOW )Q0 FUR TRIMMED FELT LINED! HOUSE SLIPPERS i Slip them on and see how wonderful they feel. How pretty they look. White fur on simulated leather plastic. So very feminine. Felt lines them for more warmth! Women's sizes 4 to 9. Girls' sizes 10 to 3. Blue only. Sixes for women or irls! NOW 11 77 SUEDE LEATHER FLATS SPONGE SOLES! STEEL SHANK! NOW Just 40 pairs ef these smart little black suede . flats to on at this amaiinatv low orice. You'll get comfort and beauty in these finer construct-. tfft 66 ed cushion soled f lati. Sizes 5 to" 9. "Widths AA -to B. Black suede only! FLEXIBLE SOLES! FIRST STEP SHOES FOR BABY : . r . ' - ' ' Set your child on the road to foot health! These NOW give all-important support to tiny ankles. Sup ple leather comfort to baby's tender feet. Flexi ble White, brawn. Sizes 3 to t. )33 Cushion Crepe Soles! SOFT LEATHER VAMP! HOUSE SLIPPERS Penney's trests him to more relaxing comfort in these fine opera slippers. Plain side leather vamp, cushion crape soles. Sanitized for last ing freshness, too! Men's sizes D6 to 1 1 . . NOW , 66
