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.
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. Just a Few More Days to Place Your Order
for a FRESH TURKEY-
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