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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 3, 1958)
16 MAIL TRIBUNE, M.dfonJ, Or., Wtdnwdiy, December 3, 1958 Wall Street Experts Divided On Prospects for Market Rally By ELMER C. WALZER UPI Financial Editor New York-IUPD-Wall Street is talking further market set backs on the one hand and prospecsts the tradi tional year end rally on the other. f. Those who ' I predict anoth er decline are auick to add c&i prices ELmer Walzer would provide new buying opportunities.. The recent sharp drop made some nervous traders more Reaction conscious, according to some of the experts. Hence, it is noted that there are more people who think the market is high and perhaps overdue for a real correction. '. "Perhaps this is a good time to point out that Decem ber usually is an up month," r v m or It-- A lift i I says L. L. Hooper, analyst for W. E. Hutton. "The market has advanced 34 times and declined 16 times in December in the past 50 years. And in the past ten years the December rec ord is up eight and down two. "It might also help to keep in mind that the inhibitions against accruing larger capi tal gains taxes are greater in December than in January, and that during the holiday season people tend to be more optimistic than at any other time of the year. The Big Guess Of course no one ever guesses a short term change in trend except by accident. But I feel that the odds against a severe correction during De cember are greater than the odds against something of the kind in January or February." Standard & Poor's notes that the recent sharp recovery after a sharp decline indicat ed that there is plenty of po- NEA Telephoto CHILD BRIDE IN ENGLAND Mrs. Barbara Scruggs, 14, : is shown with her husband Norman, 21, as they were reunited in London after being separated for two months. Norman is a U. S. Navy's electrician's mate, sta tioned in England, and he married Barbara two months ago while he was on Jeave to the. States. There has been a storm of protest in England about Barbara's being married at her age. - FTC To Monitor Air Commercials i "Washington -4DPD- The Fed eral Trade commission an nounced it will use its 350 member professional staff to monitor questionable radio and TV commercials. . FTC Chairman John W. Gwynne said Tuesday the staffers would be given legal information sheets on which to report examples of alleged misrepresentations in adver tising. He said the purpose of the drive was to detect new viola tions and to check on how ad vertisers were complying with FTC rules and advertising guides. ' You, too, Can Achieve These v Measurement Changes! Charlene Vanes, 21 -year-old Secretary Made These Remarkable Improvements in Her Measurements' il Before After 32" -Bust- 36" j 24"- waist -22" 38" -Hips -36' 4 1 i -iif. .'., MEDFORD SPECIAL! JOIN NOW! Just $69.50 yearly i For Free Trial Call SP 3-6686 Because you're different. TREE FIGURE ANALYSIS and TRIAL TREATMENT ... 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That service estimates that for the current quarter profits will run at an annual rate of $3.25 or more and that the trend will con tinue upward during the ma jor portion of 1959. This figure would compare with $2.71 a share in the first quar ter; $2.75 in the second and $3.11 in the third. Not Easily Frightened Barrons finds that the mar ket s recent sharp recovery demonstrates that under the influence of institutional ope rations and 90 per cent mar gins, neither investors nor speculators are easily fright ened, and there is no emotio nal selling. Joseph E. Granville, analyst for E. F. Hutton & Co., holds that regardless of -some ap pearances to the contrary, it is felt that the market has a further corrective movement ahead prior to a year-end rally. Martin Gilbert, analyst for Van Alystine & Co., and bull ish for a long period, holds that the lows established last week are likely to be tested. "In this respect, however," he adds, "we would be buy ers of stock should a test take place, for a base wouloMhen be established which will pro vide the springboard for a re covery to new highs." No one seems to be down right bearish at this time. But the general run of advice is for caution and gerater at tention to selectivity in mak ing new purchases. Tuesday Night Big One For Television Shorties By WILLIAM EWALD UPI Correspondent New York (DPD Tuesday night was a big one on TV for shorties:' Gary Moore told Georgia Gibbs he was five-foot-seven and Miss Gibbs told Moore she was -Mickey Rooney told Arthur God frey he was five-f o o t-one William Ewild and then some female voice on the Godfrey show - I'm not sure who -said she was one inch smaller or five-foot-even. The CBS-TV Godfrev show was tedious. Rooney looked strangely nervous and uncom fortable" for a pro and it was simply a wasted half hour. The CBS-TV Moore show had some so-so spots and some fairly good ones. The good ones - Steve Lawrence and comic Alan King. I liked par ticularly this King joke: "They've discovered a new way to speed up the missile program - they've got a rocket now that explodes in the factory." CBS-TV's "Red . Skelton Show" had a show built around Army sketches and it all had thexfeel of a particu larly mediocre Bob Hope show of World War II vint age. No, I take that back. Make it World War I. The Channel Swim: CBS- TV's Jackie Gleason is talk ing to Nat Hiken and Gordon Jenkins about a Broadway musical for next season.. Government Plants Producing Nothing Washington-(UPD-The armed forces told a House sub-committee Tuesday that the gov ernment owns nearly $1.5 bil lion worth of industrial plants that are producing nothing. Reports submitted to a, House armed services subcom mittee by the Army, Navy and Air Force showed that the un usedplants originally cost the government $1,409,391,221 but would cost much more than that to replace now. 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Steel Hour" seems to have come up with a rather unfortunate plot for its Dec. 17 show, "One Red Rose for Christmas" it's about a little girl who accidentally sets fire to a Catholic home for chil dren, destroying a portion of the building and killing a nun. WADDLE TO THE BACK Burton on Trent, England-(UPD-A local bus driver was perfectly justified in saying "Well, I swan" Tuesday. A swan waddled up from the river, joined a bus queue, and got onto a bus. It rode to the next stop, got off, and re turned to the river. (Sassy? 3 Times Faster Relief ttrtiflt Moratory BELl-JS tablets etraliil 1 time mock tomc, acidity m m minutt at many leatiRf tfifestiv tablatt. Set BEll-NS today Jar the latteit aow relief. S5 at aToaiitj. Send postal to BELl-ANS, Ormtrtnrt, N. T. lor liberal free tfmalo. MEDFORD igBnts t he A CHRISTMAS CAND V She'll Love a New Printed Jersey CAiglon The loveliest of this season's colors are printed on these charming L'Aiglons of Orion and wool jersey! 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