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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 17, 1958)
They'll Do It Every Time i By Jimmy Hatlo WELL, THE METECS WROMG r DIO PUT A NICKEL IN, BUT IT OlDN'T RES ISTER THEM I DASHED INTO THE STORE FOR SOME MORE CUAmE.AH'YOU CAME. SLONGVOU OUGHT TO BE OUT CHASING 8URGL4RS INSTEAD OF HOUNDING THE CITIZENS WHO PAY YOUR F4T SALARY." YE4H-SME D4SHEO WTO THE STORE AHO DASHED OUT AH HOUR LATER HE'S IT AU. kBEFORE) THAT'S THE S4ME D4ME - WHO CALLED THE COPS WHEN WE PARKED IN FRONT OF HER HOUSE WHEN WE WENT TO CHURCH LAST SUN Day C SHE CODE AROUND FOR AN HOUR LOOKING FOR A METER WITH SOME FREE TIME LEFT ON IT I GOT A SWELL IDEA FOR THE POLICE CHIEF HE OUGHTA PUT A SIGN ON THEM NICKEL EATERS .SAYING -KICK ME-rrLLHLP LET OFF STEAM sS1 11-17 fti 0 SyMR4TWlZIKG WITH THE COP WHO HAS TO TAKE THE IRATE mrvcn'e irrrr.... tUinn Ana avp op THE HATli) HAT TO C 22fe MONTROSE. 4vE, BROOKLYN, NV. Optimism Setting New Highs Even Faster Than Stock Market Eisner Walzr Bt ELMER C. WALZER UPI Financial Editor New York-dTD-Optimism is goarine in the financial dis trict and setting new highs even faster than the stock market. And in that jgf respect the fi nancial situa tion resembles that of 1927, 1928 and 1929. Some of the most optimis tic in Wall Street are the younger groups whose only knowledge of the great bust of 1929-32 is what they hear and read. . Veterans of the late twen ties are prone to chide these youngsters who they assert haven't been seasoned under fire of smashing stock values. There's a conflict here-a conflict that often produces some rough talk. The oldsters have dug up a quotation from the works of a famous British psycholo gist Havelock Ellis which they hold describes over-optimism as it applies to this market. "The place where optimism most flourishes," said Ellis, "is the lunatic asylum." And, further in Ellis' works they find one which to their way of thinking is the correct attitude: MM "He who would walk sane ly amid the opposing perils in the path of life needs a little optimism; he also needs a little pessimism." Market critics are directing their barbs against wild move ments of individual stocks which suddenly soar on a piece of favorable news which in an ordinary market would bring only a moderate price rise. These sudden spurts in prices of individual stocks re flect thin markets - markets where only a limited supply of stock . suddenly finds a sharp rise in demand. The shortages in supply in turn reflect the influence of investment buying over a long period, 90 per cent margins, and the capital gains tax. The investment buying is done by individuals and insti tutions who hold their stock. Their purchases take stock off the market. The persons who margined stock at 50 per cent aren't selling because if they did they'd have to put up 90 per cent margin on new pur chases. Hence, more stock tak en off the market. The wealthy individuals with fat profits of the long term variety-stock held more than six months-are not eager to sell because the government would clip off 25 per cent of their profit in taxes. The experts hold there might be some additions to stock supplies by the few wishing to take profits for tax purposes-offsets against losses possibly incurred earlier in short selling. Solution Offered A real solution, market ex perts hold, would be a rise in equity financing-sale of stocks to raise money for corporate purposes-instead of bond fi nancing. Corporations have tended over the years to use bonds to raise money because the bond interest paid is tax free while dividend payments on stock is taxed at the corporate rate of 52 per cent. The bond market hasn't been particularly favorable for financing, generally, what with the government stepping in for billions from time to time and municipalities float ing bonds in profusion for pub lic works programs. Sales of mutual fund stocks do not help because the funds take the proceeds and invest them in stocks, thus reducing the floating supply still fur ther. In the past, whenever a big enough demand has developed for a certain type of security, industry has obliged - and taken advantage of' the par ticular market. It would not Driver Rescued From Death Florence" -(UPD- Revel M. Upton, 55, Swisshome, 'was pulled from a wrecked ear af ter it had been spotted in the Siuslaw river slough Sundav by a crew of a Southern Pa cific freight tram. The car was spotted upside down in the slough about 6Y2 miles east of here. A' tow truck was dispatched to the scene to pull the car from the water. The door was forced open and Upton was found jammed under the dashboard. His head was resting in the only dry spot in the car. His body appeared so stiff that he was feared dead. - Artificial respiration was aDDlied and rescuers were spurred on when they heard a faint gasp from Upton. Up ton's pulse and heart action became stronger when heat was applied to his body. He was rushed to a Flor ence hospital in serious con dition but attendants said Sunday night he was in "very good" condition. Waldport Man Shot While Hunting , Waldport-WPD- Ervin Hos ford, 64, Waldport, was killed while hunting about 25 miles east of here Saturday morn ing. Investigating officers Ed Ream, of the Benton County Sheriffs office, and Kenneth Moore, state police, said Hos ford was alone at the time and apparently came into the line of fire of either Leroy Seazy, 40, or Chet Thayer, 50, both of Corvallis. The two men told officers they shot seven shots at a buck and when they approached the animal they heard a call from the road about 25 yards away. They found Hosford with a shot through his side. He died about 20 minutes later. ARMY LEADERS CONFER Ft. Benning, Ga.-fl!PD-About 200 top Army leaders will meet here Dec. 2 to 6 for a conference on the infantry man's role in the nation's de fense plans. VETERAN ACTOR DIES London-flJPD-Ronald Squire, 72, veteran stage and screen star, died Sunday after a long illness. surprise the financial district tc witness some big stock flo tations in the new year. ' IIIIIIH IIIIIIU ftiinimittt iinniiiw cnnnimis fllUIIIIIWtll 1101 f CLIMATE CONTROL IN YOUR HOME MEANS MORE COMFORT--BETTER HEALTH Modern families can control the weather ... Inside modern homes, at any rate! The many advantages of indoor climate control show why so many modern families are switching to electric heat. Electric heat means not only control of tempera ture, but of humidity, air pollution, and fresh air circulation as well. Electric neat Is flexMe. Different types of electric heating equipment are manufactured for different rooms. Your electric heating system should be bought robm-by-room for maximum flexibility and control. Each room can (and should) have its individual thermostat. Most people realize that electric heat Is the cleanest heat. It is a scientific fact that the bacteria count drops in most electrically heated homes. Draffs and cold corners are eliminated. Clean, fresh, dry air circulates properly. Messy flame by-products do not exist. Finally, electric heating equipment, properly chosen and properly installed In well insulated homes, provides economical heat. The original equipment cost is lower than most other types. Maintenance, repair, and cleaning costs are eliminated. In 1957, the average cost to the 15,1 16 COPCO customers using electric heat was $1 1 1 .00 . . . some paid more, some less, but this was . the average cost for a full yearl If you would like to know more about modern electric heat how it might fit into your home or the home you plan to. build call the Home Service Department at COPCO. A heating expert will call on you, at your convenience. Help with your heating problem will be free of charge. Chances are you will find that in your home, as in most modern homes, ELECTRiC HEAT is the e&t HEAT! '4 THE CALIFORNIA OREGON POWER COMPANY A Vcsas Canyon; Owned and Operaud by Vcsttrn TeopU LEGAL NOTICES notice . in the Circuit Court of the State of Oregon for Jackson County In the Matter of the Estate of Clarence E. Lofftus, deceased. Notice is hereby given that the undersigned has filed her Final Ac count in the above entitled mat ter, and the above entitled Court has fixed the 16th day of Decem ber, 1958, at 10:00 o'clock A.M. in the Circuit Court Room, in the Court House in Medford, Oregon, as the time and place for hearing objections to said Final Account and for the settlement thereof. MURAL E. KOBLEY Executrix SKYRMAN & HEISEL Attorneys for Executrix NOTICE OF HEARING ON FINAL ACCOUNT No. 10183 IN THE CIRCUIT COURT OF THE STATE OF OREGON FOR JACKSON COUNTY PROEATE DEPARTMENT In the Matter of the Estate of Aletha E. Vawter, deceased. Notice is hereby given that the undersigned has filed his Final Ac count and Report in the above en titled estate, and that by order of the Circuit Court in and for Jack son County Oregon, Probate De partment, a hearing upon the same has been set for Wednesday, December 17th, 1958. in the Cir cuit Court Room at the Court House in Medford, Jackson County, Oregon, at the hour of 930 o'clock, A.M Ail persons having objections thereto are hereby notified to pre sent the same on or before such time. Dated this 17th day of November, 1958. Jerry Emerick Vawter Executor Roberts, Kellington & Branchfleld Attorneys for Executor NOTICE OF FINAL ACCOUNT IN THE CIRCUIT COURT OF THE STATE OF OREGON IN AND FOR THE COUNTY OF JACK SON In the Matter of the Estate of MARTIN R SCOTTI, also known as M. R. SCOTTI. Deceased Notice is hereby given that I hae filed my final account as administratrix of the Estate of Martin R. Scotti, also known as M. R. Scotti, deceased, and the Court ha- set December 15th, 1958, at the hour of 10 o'clock, A.M., as the time for hearing objections to said final account and settlement thereof. Dated this 3rd day of November, 1958. JUNE H. DesMAZES Administratrix O'Neill & McLAREN Attorneys for Administratrix No. 9676 CITATION IN THE CIRCUIT COURT OF THE STATE OF OREGON FOR JACK SON COUNTY IN PROBATE In the Matter of the Estate of FRANK L. TOUVELLE, Deceased. IU JU.L. J5VJEKJSTT A. HANSON MRS. BLANCHE HANSON, J. B. ANDERSON. J. D. JOHNSON. GEORGE E. MYERS. DR. HER BERT MYERS, LAURA MYERS, AND WILSIE MYERS, HEIRS AT LAW OF FRANK L. TOUVELLE, DECEASED: IN THE NAME OF THE STATE OF OREGON. You are hereby re quired to appear in the above en titled cause and matter on or be fore the last day of four weeks from the date of first publication of this citation and show cause, if any exist, why an order of sale should not be made in said estate and cause, ordering and empower ing The First National Bank of Oregon, Portland. Executor of said estate, to sell the real property hereinafter described, belonging to said decedent at the. time of his death, situate in Jackson County, Oregon, tend described as follows, to-wit : Beginning at a point on the north line of Donation Land Claim No. 69 in Township 37 South, Range 2 West of the Willamette Meridi an in Jackson County, Oregon, said point being 58.71 chains East of the northwest corner of said Claim; thence East along said Claim line 4.99 chains; thence south 39.05 chains to the south line of said Claim No. 69; thence West along the south line of said Claim 4.99 chains; thence North 39.05 chains to the point of be ginning: all as prayed for in the petition of said Executor on file herein. WITNESS THE HONORABLE H. K. HANNA and Circuit Judge of the State of Oregon, for Jackson County and the Seal of this Court this 27th day of October, 1958. -BERETH P. HOPKINS, Clerk of the above Entitled Court By Nydah Neil, Deputy NOTICE OF ELECTION NOTICE IS HEREBY GIVEN that the Sanitary Board of the South Bear Creek Sanitary District has ordered an election to be held within said District on December 1, 1958, for the purpose of voting upon 1) election of a new Director to the Sanitary Board, and 2) establishment of a tax base for the District. The polling place for said election shall be Camp-U-Rest, 3761 South Pacific Highway, Medford, Oregon, and the polls shall be open from 8:00 o'clock AM., Stand art. Oregon time, until 8 AO o'clock P.M... Standard Oregon time. Dated and first published. No vember 3. 1958. MARGARET L. SMITH Secretary1, South Bear Creek Sanitary District NOTICE Notice Is hereby given that the undersigned has filed his final re port and account in the Estate of Warren Leslie Dunagan and the Circuit Court of the State of Ore gon for Jackson County has fixed December 8. 1958 at the hour of 10:00 o'clock A.M. in the Circuit Courtroom in the Courthouse in Medfoi'd, Jackson County, Oregon as the time and place for hearing objections to said final report and account and for the settlement thereof. N LaVerne Wayne Dunagan, Administrator De Bonis Non Robert R. Dickey Medical Center Building Medford, Oregon Attorney for Administrator No. 10311 NOTICE IN THE CIRCUIT COURT OF THE STATE OF OREGON FOR JACK- SON COUNTY IN THE MATTER OF THE ES TATE OF AGNES PINNE, de ceased NOTICE 19 HEREBY GIVEN that the undersigned executor of the above estate has filed herein his final report and account and that Monday, December 1, 1958, at 9:30 o'clock, A.M. at the courthouse in the city of Medford in said county, has been fixed by the above named court as the time and place for hearing objections to said final report and account and for the ex amination and allowance thereof. Dated and first published this 27th dav of October. 1958. FRANK DESOUZA, executor Neff, Frohnmayer & Lowry, attorneys for executor No. 58-7 34-E SUMMONS FOR PUBLICATION IN THE CIRCUIT COURT OF THE STATE OF OREGON FOR JACK SON COUNTY IRENE BYRD. Plaintiff vs. ALTON BYRD.' Defendant TO: ALTON BYRD, the above named defendant: IN THE NAME OF THE STATE Or OREGON you are hereby re quired to appear and answer the complaint on file against you in the above entitled suit within four weeks from the date of the first publication of this summons, and if you fail so to appear, for want thereof, the plaintiff will apply to the Court for the relief demanded in his complaint, to-wit: for a de cree of this Court forever dissolving the bonds of matrimony now exist ing between plaintiff and defend ant and granting unto plaintiff an absolute divorce from defendant, restoring the parties to the status of single persons. The date of the order of publi cation of this summons is Novem ber 7th, 1958. The time prescribed for the publication of this summons is once each week for four con secutive weeks. The date of the first publication of this summons is November 10th, 1958. Walter D. Nunley Attorney for Plaintiff 8 Goldv Building iledford, Oregon CD fp MEETING IN OSLO, Father Georges Pire (right), Bel gian priest awarded Nobel Peace Prize for his work in resettling refugees, shakes hands with Norway's King Olav, who presented him with prized $42,000 award. Misunderstanding Noted In Quality of Gasoline Some misunderstanding has been reported in the val ley as to the quality of gaso line being sold locally at low er than normal prices, accord ing to local gasoline company officials. Officials stated that the cut in rates on gasoline is due to the current oversupply in the western part of the Unit ed States, and is not due to a poorer quality gasoline. According to information received here, the depressed market situation is general throughout Washington, Ore gon, California, Arizona and New Mexico. The situation is due largely to the high import of crude petroleum from South Amer ican oil fields of American oil companies. A major portion of the crude oil shipments have been received by west coast refineries. Gasoline companies are stressing the sale of gasoline, which resulted in many sta tions reducing prices, it was explained. Saturday it was reported that most of the ser vice stations here had stabil ized prices for regular grade gasoline at 31.9 cents a gal lon. The cut-rate gasoline prices have been in effect at some stations for about a month, representatives of the Rogue Valley Dealers associations said earlier. It was mention ed, however, that many per sons in the valley have not paid too much attention to the lower rates but have con tinued buying from their reg ular station. MAIL TRIBUNE, Mrifof, Owaw, Meadty, Novambcr 17, 1951 IS Tyrone Power's Remains Being Returned Home Madrid- (DID -The body of movie star Tyrone Power makes the melancholy last journey back to the United States today: His widow paid a long goodbye Sunday night to the handsome stage and screen idol who died suddenly Sat urday of a heart attack. Mrs. Power, the former Debbie Anne Minardos, who is expecting a baby early next year, will accompany the body on the flight home. She slipped away from friends Sunday night and spent more than an hour at the side of her husband's body. "She said nothing to any one," a friend said. "She simp ly wanted to be alone with him. It may be her last chance like this." Memorial Service A simple memorial service for the late actor, who at 44 suffered the attack while film ing a scene from the movie "Solomon and Sheba," was held Sunday in the chapel of the American Air Force base outside the Spanish capital. A spokesman for the film company said burial plans had not yet been completed. However, he said Power's friends believed the body would be interred at the For est Lawn Cemetery outside Los Angeles. In Hollywood, Yul Brynner agreed Sunday to take over Power's role in the $6-million movie. A spokesman for the actor said he would leave for Spain next week after he completes the final scenes for "The Sound and The Fury." Portland - (CPU - Lena Ellen Johnson, 84, Portland, died in Providence hospital Friday of injuries suffered when she was struck by a car Thursday night in northeast Portland. VANISHING AMERICAN? For the sake of your future and the future of your coun try, let's fervently hope not! But the sad fact is that too many gifted teachers are lea v- ' ing our colleges for better paying positions. The cause is fundamenlal. They simply cannot make ends meet on their present low sal aries. And, much as they love j their work, they are forced to seek jobs in other fields. In the face of this discour aging trend, more classrooms keep getting more crowded. And by 1967, college applica . tions are expected to double. It's time to put a stop to this nonsense. Won't you help? Help the college of your choice "now. The returns will be . greater than you think. If you want to Vnow more about wbat the college crisis means to you, writ for a free booklet tot HIGHER EDU CATION, Box 36, Times Square Sta tion, New York 36, New York. Published a a public itrvice in cooperation with The Advertising Council end the Newspaper Ail. vertising Executives Association. SORAN'S TOME T TALK n, WAD) MJ& HURRY! HURRY! OK MARKET will feature exclusively FRESH GRADE A BIRDS, dressed oven ready at the last minute, so there will be no loss of flavor or texture. To enable us to effi ciently judge our supplies, we have a Special Offer for advance orders. 100 , EXTRA SILVER DOLLAR STAMPS FREE . Just a Few More Days to Place Your Order for a FRESH TURKEY- Armour Columbia SLICED Fresh Pan Ready FRYEKS Big, Meaty And Tender 119 , Each WE MAKE IT THE BEST GROUND BEEF T09 lbs. II CHASE & SANBORN - Instant COFFEE 99 Bt; or. Jar SHUR-FINE Canned MILK Bonfire Salmon 2 .2 9 Sun Pakr Small Whole AA Oysters 3 Cans White Star Tuna 3 . 99 Lou-Zana Shrimp 25&99 -Y WIA N f MAMEY Home of SILVER DOLLAR STAMPS I OPEN 8:00 A.M. UNTIL I I MIDNIGHT c I 7 DAYS A WEEK , EASY PARKING fk " VV . EASY SHOPPING 1202 NORTH RIVERSIDE
