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