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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 9, 1958)
S MAIL TRIBUNE, M4fortf. Ore,, Sunday, Navember 9, 151 Stocks Set Record Br ELMER C. WALZER UPI Financial Editor New York-CPD-Stocks soar ed to a record high this week on inflationary interpretation "' '" of the Demo $ craticsweep H'&i' . I o n election day. concluded that the heavily weighted D e m o c ratic Congress would gener- flOaer WaJzar ate a new pending spree, run up huge budget deficits, and thus lay the base for a wild inflation. The market men said in vestors were scurrying to get into common stocks as a hedge against further erosion i vs. t s, hwn 1 1 - a If Olf DISPLAY HERE - The Oregon National Guard display trailer, unique in the nation, will arrive in Medford to participate in this year's Veterans Day celebration Tuesday. The 35-foot trailer features a large scale model of the 41st Infantry Division's land ing on the beaches of Zamboanga in the The first Swedish settle ment in America was made in . 1638 on the lower Delaware river where the city of Wil- : mingtori is situated. HOW TO HAVE A HAPPY The more reasons the members of a family have for enjoying the home, the happier the family will be. Is all the space in your home used to best advantage? Take the basement alone:; How about a playroom ... a workshop ... a photo darkroom ... a hobby comer? There are so many possibilities! Let Us Help You Finance Yonr Rom Improve ment Project Stop hi Soon and Talk It Overt Your funds are insured here up to $10,000.00 by Federal Deposit Insurance Corporation. Your savings earn interest at 2Vi semi-annually. Interest on three year certificates of deposit 3. 1109 COURT STREET of the dollar. The theory is that stocks will rise at least as fast as the dollar declines so that investments there will keep the stock owner at least even with the inflation. This inflation urge was seen as more than offsetting a pos sible Democratic drive for bigger government, repressive business legislation and no hope of tax reductions for any but the low income brackets. Market Soars Whether the election was interpreted rightly or wrong ly, it worked like a charm on the market. Industrials soared to near the 560 level in the intra-day figure Thurs day, a record high at the close of 554.85 that day. The rail road average reached its best itfnnn i a Although no woman on rec ord has ever visited the Ant arctic, many of the regions around the South Pole are named for women. HOUSEHOLD MEDFORD Pl " " - - ,-'-'--'.? ill v.; If: i. i T F i iT "n aW. W 'n :i run -Tut. r??r-ri '!. I Guighs FolDowing democrat Sweep IovpI inr Julv 25. 1957. util-l ities since Sept. 18, 1930, and the 65-stock average a record high. Routine wee k-end profit taking knocked the averages down somewhat from their highs, but the selling on Fri day was held to a minimum with volume falling off when prices declined. In that ses sion a long list of special is sues registered gains of 3 or 4 points, indicating a drive toward selective purchasing. The industrial average rose nearly 2 points on Monday, 5V points on Wednesday, and more than 4 points on Thurs day. Rails and utilities join ing the rise seemed odd if the inflation urge is the reason for buying since these groups or dinarily decline on inflation PARADE ROUTE - The above map shows the Veterans Day parade route. The parade will start at 10:30 a.m. with organizations forming on King st.. Laurel st., Mistletoe St., Newtown ave., and Orange st. off Eighth st. It will proceed east on Eighth st. to Bartlett st., and west on Main st. to the assembly area, where it will disband. A reviewing stand will be in front of Crater Lake Motors at the corner of Fir and Seventh sts. Participating in the parade will be school bands, floats, veterans groups, the Oregon National Guard units from this area, and Army, Air Force and Navy reserve units from the valley. LlUU.U O ZD x o r to H m H Phillipine Islands in 1945. Modern military equipment also will be shown. The exhibit has won nationwide recognition and imita tion since it premiered this spring. The trail er will be on display at the First National Bank of Oregon, Medford branch, all day Tuesday. Mining Council Plans Exhibit The Northwestern Mining Council, Inc., Medford, is de veloping plans for an exhibit at the Oregon Centennial ex position in Portland, Frank Ross, mining engineer and chairman in charge of plans, has announced. With an exhibit of gold nug gets, gold ore and other min eral ores found in this are, the Council plans to have a listing of properties, prospects and claims, the owners of which desire and solicit fin ancial and technical assist ance in exploration, develop ment or operation, he said. The Mining Council said claim owners must supply the name, location and a short des cription of the property the owners wish to list. The des cription should cover minerals found or expected to be found, the history of the mine and the extent cf present develop ment, Ross said. Ross said assistance also is required in forming the ex hibit and for financing it. The Council plans a collec tion of mined gold in nuggets, dust or "picture rock" quartz, and pointed out that measures will be taken to protect the display and all valuable mate rial will be insured. Anyone having gold who like to have it displayed may contact the Council, Ross said. Three of the great violin makers Amati, Guarneri and Stradivari all came from news since their rates are fixed. Along with the inflation talk the market had in its favor a long list of favorable third quarter reports, some dividend increases, and sev eral stock splits. In addition, the business statistics record ed further gains with automo bile production getting into swing. Most of the leading in dustries were showing gains over last year for the first time since the recession be gan more than a year ago. At the close on Thursday, the market showed a rise for the three sessions of S5.6 bil lion. It lost about one-fifth of that in the Friday session. Autos Lead Market e Automobile issues contin ued to provide the biggest OPEN TODAY UULjl 8TH I 1st 1 Jfl nnno ! 3 8-7 h 3 ' 5 co r m S & -to AFTER CHURCH Brown and Gold Brown and Beige Light Beige Scroll Rose Beige Beige Tweed Brown Tweed market volume with Stude- baker-Packard, General Mo tors and American Motors at the top of the list. Several specials were given a whirl on activity, including United Whelan, Standard Coil, Calla han Mining, General Dyna mics. Fruehauf Trailer, and Western Union. Bethlehem was active in the leading steels. Great Atlantic & Pacific Tea received a bullish thrust late in the week when this family-owned company de cided to make its stock voting, split it 10-for-l and list it' on the New York Stock Ex change. The issue soared Fri day and closed the week at 485 for a 44-point gain on the week. . General Telephone and Syl vania Electric turned active Engineer Blamed For New Jersey Train Disaster Newark, N.J.-OJPD-The state public utility commission has held engineer Lloyd Wilburn responsible for the Sept. 15 Jersey Central railroad dis aster at Bayonne and ordered sweeping improvements in the line's safety system. PUC Commissiond Ralph Fusco said Friday the added safety measures were to be effective immediately. These included giving trains within four minutes of the Newark bay drawbrdge the right-of-way over boat traffic, con' trary to long-established fed eral policy on navigable wa ters. In the nine-psige report, the commission blamed the 63-year-old Wilburn, of Red Bank, N.J., for the disaster which claimed 48 lives when a five-car commuter train plunged through on 'open drawbridge into Newark Bay. The report noted that the train was speeding on the bridge, Wilburn failed to heed a stop signal 577 feet from the open draw and neither he nor fireman Peter Andrew were physically disabled be fore the wreck. . FAIR TRADE PRICES CUT TO THE BONE! "Most Famous Brand Rugs and Carpets" Wool Axminslers Regular NOW sq. yd. sq. yd. 350 !095 95 895 Q95 fl95 895 495 995 895 Q95 495 520 S. Riverside when the latter was merged into General. Penn Texas for mally bought controlling - in terest in Fairbanks Morse from Col. Robert H. Morse for $9,511,231. At the close of the week, the Dow-Jones industrial aver age stood at 554.26 up 11.04 points on the week, up 120.14 points from a year ago; rails 151.80 up 3.24 and 44.61 re spectively; utilities 84.05 up 0.83 and up 19.20; and 65 stocks 191.82 up 2,53 and 45.21. THERE'S ALWAYS LOTS TO DO AT YOUR YMCA MONDAY and Ping Pong, Pool, Chess and throughout both days! FREE MOVIES DAILY FROM 12:00 to 1:00. Bicycle tour of local lumber mill, 12:30 to 2:00 and swim meet for everyone at 2:00 to 3:30. The schedule of activities for the GYMNASIUM in cludes: 3 and 4 grade boys, 9:00 to 10:00 a.m.; 5 and 6 grade boys, 10:00 to 11:00 a.m.; -7 and 8 grade girls and boys, 11:00 to 12:00 a.m.; 3 and 4 grade girls, 1:00 to 2:00 p.m. and 5 and 6 grade girls, 3:00 to 4:00 p.m. SWIM periods will be: 3 and 4 grade boys and girls, 10:00 to 11:00 a.m.; 5 and 6 grade boys and girls, 11:00 to 12:00 a.m.; 7 and 8 grade boys and girls, 12:00 to 1:00 p.m., and a Play Swim for every one at 1 :00 to 1 :45 p.m. Y. M. 522 West 6th St. Wool Wiltons Regular NOW , " , sq. yd. sq. yd. Brown and J 95 Q95 Brown 1 Bark Weave . 995 795 NO MONEY DOWN 1st Payment n a n n rri n r n tpj Next to Quiz Show Producer! Charged With Lying New York - (DPD - Alfred Freedman, producer of the television quiz show "Twenty One," was free on $1,500 bail yesterday on charges of lying about questions concerning the program which went off the air last month. Freedman, 36, of New Ro chelle, N.Y., was indicted Fri day for perjury in denying he had supplied questions and answers to contestants. No date was set for his trail. If convicted, he could rec ceive a maximum of 10 years in prison and a $10,000 fine. CONTESTS TUESDAY Checkers -tournaments AGE. C. A. SP 2-6295 111 Toddy After Church' at taurine's . CARPO" MUSE 520 S. Riverside - Next to Food Basket at ' .. . - Wool Tufted Regular NOW sq. yd. sq. yd. 295 (Q95 Q95 895 895 695 95 795 Beige Moresque Green, Brown Three Colors Shag Pile Beige After Christmas Food Basket Dr. Orval Eaton, O.D. announces the opening of his NEW OFFICE in the Oakdale Professional BIdg. for the practice of OPTOMETRY 408 S. Oakdale Phone SP 2-2060 Y HID Your"Y" has a fun-filled vacation planned for you o GAMES o MOVIES HULA HOOP CONTEST Everyone has fun with their hula hoops and you may win a prize! Com on down t the 'Y' Gym from 3:00 to 4:00 Monday and Tuesday. . clip out iBCT this FREE NAME- ADDRESS. .SCHOOL Events open to everyone! Non-members will be admitted by show ing this free Guest Card. G iO Nylon, Golton & Viscose Regular NOW TWEEDS sq. yd. sq. yd. Beige Nylon Green Viscose Beige Viscose Brown Cotton . Candy Cote Phone SP 3 I I I I rnon I J OPEN TODAY AFTER CHURCH 995 595 595 295 65 295 349 2" Phone SP 3-5182 W Will Irlflf Samples ni Measura Yaur Home Nite or Day - 5182 i Cremona in Italy.
