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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 8, 1959)
t MAIL TRIBUNE,' MtdfortJ, Orv9on, Thursday, January t, 19S9 Financial World Watching to See What Legislation Planned Br ELMER C. WALZER UPI Financial Edilor New York -UPD- With Con gress again in session the fi nancial and business world is watching to see what will hap pen on business and tax legis lation together with a series of expected investigations. None expects an income tax rise or decline but there will be modifications, attempts to close loop holes and attempts to carve down the oil deple tion allowance of 27 V4 per cent. Here is what the tax ex perts at Prentice-Hall antici pate could happen in the way of tax changes: - "1. More rapid depreciation on capital investment to allow for increasing obsolescence and for inflation. : "2. Some limitation of tax treatment of capital gains and of co-operatives. "3. Deductions for funds set aside by self-employed people for retirement Jenkins- Ke ogh Bill. ". Revision of rules . on corporate distribution sand adjustments, estates and trusts snd partnerships Ways and Means tentatively plans hear ings on these advisory group reports for the middle of Feb ruary. ."5. A new higher tax form ula for life insurance com panies. "6. Some tax incentives for private investment abroad. "7. Congressional liberals of both parties will make their major tax target a substantial reduction in the 27 per cent oil and gas depletion allow ance. They will probably fail, however." .It has been announced that President Eisenhower will ask for a boost in federal gasoline taxes. i Many states also plan to raise taxes on gasoline which now range from three cents a gallon in a. long list of states, including Alabama, Florida, Kentucky, Louisiana, Maine; Mississippi, Nebraska, North Carolilna, South Carolina, and Tennessee. ''.'. 1 Higher state gasoline levies, it is held, would be set in many states to defray the state costs of highway construction which is to be paid for by the states and federal grants. - New York State's gasoline tax now is four cents a gallon and is the lowest, in the na tion except for Missouri. The really high gasoline taxes arc in Hawaii where they range from 8V4 to 11 cents a gallon. Wall Street has been hoping for a reduction in the capital gains tax, which now is 25 per cent for long-term capital gains. Cutting this in half, market experts argue, would give ' the government more revenue than it gets at present rates. ' ,' ' The idea is that with a low er capital gains tax, many who have big stock market profits would take them by selling their stocks. This would add Duncan Hines Lists Local Businesses Six- eating establishments ford area are 1959 editions and lodging in the Med iated in the of "Duncan Hines Adventures in Good Eating" and "Lodging for a Night.' ; The local establishments listed include Jackson hotel, Medford hotel, Crater . Inn motel, Medford Travelodge and Pulver's motel in' Med ford and Mon Desir Dining Inn, Central Point. They were among the 8,000 listings in the editions. Mathematician Tells ' Why Moonik Got There ; Berlin (TIP0 East German university students Wednes day were told the real rea son the Soviet moonik pene trated farther into space than American moon rockets. "The philosophy of the working class,, dialectric ma terialism, formed an import ant part of the fuel of the sputniks of the moon rocket,' mathematician Dr. Klaus Swelling wrote in a Commun? 1st weekly newspaper. to the supply of common stocks which is said to be low because so many institutions have loaded up and aren't selling. Hence when a pur chase of stock is made the purchaser runs into a low supply and has to pay a high price. Business On Defensive Business looks for a series of investigations into almost everything. The Wall Street Journal says "the new liberal packed Congress will put business on the defensive as it hasn't been since New Deal days The stock market commun ity doesn't appear to be wor ried over Congress and that's a new twist. This time the fi nancial district is convinced there'll be so much demand for spending more and more money that inflation may get a boost and if so demand for stocks would remain high as inflation hedges. 7 : The foregoing is not uni versally accepted, however, and there are many who think inflation will be held down during 1959. 'Snowman' Said Seen In Scottish Highlands . Londoa-IUPJ-Sir .Hugh Rhys Rankin and his wife Lady Robina said today they met an "abominable snow-. ;man" in the Scottish Highlands .of all places. They said he had big feet, wore a sort of nightshirt, was quite tall and spoke in a strange dialect. - And on second thought, the British nobleman re plied,, he wasn't abominable at all, really, because he had "such a benign countenance." Also, he , said, there wasn't any snow on the ground. ! The bearded Rankin said he and his wife were tramp ing in the Highlands some years ago when they met the snowman, "really a nice guy." They didn't explain why they waited until now to describe their meeting. .. "I am probably the only?woman, certainly theonly white woman to have met one," Lady Robina said.i "I came upon him while I was carrying my bicycle over rocky ground during a touring holiday." "Suddenly," she said, "I felt a presence near me. "I turned and there he was, about five yards away." She said he was 'six feet three inches tall, with long hair, massive features and great' feet and dressed in a ' flowing white garment. He spoke in an Indian dialect which I did not know."- . Sir Hugh, who is 59 to his 'wife's 40, confided that "I -tried Urdu on him, which I picked up during my army service in India. But it was no use." The Rankins said they didn't get to know the snow man very well. The stranger walked behind them for ten minutes "then as suddenly as he appeared he vanished to the sound of strange noises in the air," Sir Hugh said. , Engineers to Lower Columbia for Search Portland -(UPD- Army Engi neers made plans today to lower the water behind Bon neville Dam to begin a search with sonar equipment for a missing family, that might have perished in the Colum bia river. . .. Mr. and Mrs. Kenneth R. Martin and their three daugh ters disappeared from their Teen-agers Back MOD Fund Drive Cave Junction - The Play boy Car club, newest organi zation in the Illinois valley and volunteer co-chairman of the Illinois Valley March of Dimes drive, have assumed the responsibility -of fund raising projects for the drive, according to March of Dimes f chairman, Mrs. Amelia Dick. Plans are already under way for a March of Dimes Taxi dance, "10 cents a dance" to be held in the American Legion hall on Jan. 31. The club, whose member ship is made up entirely of teen-age boys, will make the arrangements and assume the financial responsibility of the event. - The boys meet Tuesdays at 7:30 p.m. in the Legion hall. , .. The boys have also taken over the job of distributing the MOD signs and coin con tainers throughout the val ley.' ' ' ' The Play b) y Car club, formed less than two months ago, has taken an active part in civic affairs. They have made contributions to the community distress fund, established to aid travelers stranded in the valley." At Christmas, the club vol unteered to help in distribut ing the American Legion Aux iliary Christmas baskets to the needy: - - - - Many motorists, victims of car failure, have praised the members for their assistance, it was reported. Persons helped are given a "courtesy card" by the member, - ' y The beagle is the most pop ular purebred dog in the Unit ed States today.- The pint-size hound may be the oldest breed native to Britain. Portland home Dec. 7 after setting out to look for a Christmas tree. - . Neither the Martins nor their 1954 Ford cream and red-trimmed station wagon has ever been seen since that day. Col. Walter Winegar, Port land district engineer, said the lake will be lowered from 73 feet to 68 feet at the rate of one-tenth of a foot per hour beginning at 8 a.m. Thursday. The dam is 35 miles east of Portland. This in turn will lower the Columbia river, which flows into the lake, and enable au thorities to use the sonar equipment. The equipment was flown Tuesday to Portland by the Marine Department of Bendix Aviation Corporation of North Hollywood. . Bendix plant manager Walt er. P. Rhea said the sonar equipment would detect any submerged object, such as a station wagon. ' Deputies planned to go out in a boat Friday or Saturday with the equipment. Mean while, a helicopter will scan the river from the air, and deputies from six Oregon and Washington counties will search by land. The only clue since the dis appearance of. the Martin family - has been a gasoline credit purchase receipt.. It shows Martin bought five gal lons of gas at. Cascade Locks east of Portland the day the family vanished. Explosions May Have Torpedoed Chances for Ban Washington -UPB- Two.U. S. atomic explosions which unexpectedlymimicked earth quakes may have torpedoed chances of ah international nuclear test ban. They also have raised the possibility that the Russians, while engaged in test ban talks at Geneva, could be con ducting secret underground explosions unsuspected by the West. - - In any event, they have triggered new demands in this country for resumption of U. S. tests aimed at per fecting small nuclear wea pons for missile defense and limited warfare. v Disclose Behavior The fraudulent behavior of the two atomic explosions was disclosed by official sources as a result of ' this week's statement by the White House that scientific detection, of un derground nuclear tests ap pears to be more difficult than once supposed. One upshot of the White House statement was the scheduling of closed hearings next Monday and Tuesday at which the Congressional At omic Energy Committee will quiz a host of administration officials on U. S. test policy and will thoroughly re-examine the question of whether it is practically possible to police an international , ban agreement. r- Technical experts of the West and East agreed at Ge neva last summer that a ban could be policed by. 180 de tection stations appropriately situated on land and sea. The biggest problem tackled by the experts was underground shots. Radioactivity Confined Atomic explosions on the surface or in the air are fair ly easy to spot because of the telltale radioactivity . they spread through the atmos phere. In deep underground blasts, however, all radioac tivity is confined. ' The experts said, however, that seismographic instru ments similar to those which record earthquakes could be counted on to detect under ground shots as small as five kilotons (a kiloton being the equivalent of 1,000 tons of TNT). , Housewives Join Fight Against Smog Los Angeles -(DPD Nine housewives led by the mother of actor Robert Cummings have launched a drive called "SOS" for "Stamp Out Smog." ; "We don't want to live in a smog-ridden unhealthy com munity," the housewives yes terday told County Super visor Warren M. Dorn. "But we want to be constructive, not complaining, about the smog problem." The women, all wives or mothers of men prominent in business and entertainment, were told by Dorn the best way to go about fighting what he called "special in terests" in the battle against smog. He suggested they give sup port to his anti-smog legisla ture, take part in discussions on smog and attempt to button-hole - legislators to get their votes for smog laws. The first pianos had a four octave range. Eurasian Arrives To Marry Sailor San Francisco-dJPD-A beau tiful 19-year-old Eurasian girl arrived in San Francisco' last night to marry a Wisconsin sailor who courted her by mail for six months, after a brief - meeting in Singapore last year. The girl, piana Hutchison, was to meet seaman Joseph J. Bellin, 22, of Appleton, Wis., in Los Angeles. He is sta tioned aboard the cruiser USS Bremerton, which is in nearby Long Beach. Miss Hutchison, who had never flown before, arrived aboard a Pan American flight from the Orient. She said Bellin was due to be dis charged from the Navy next month and they would go to Appleton for the wedding. She was runnerup last year for the Miss Singapore title. SENTENCE NAZI Berlin -ffiPD- A West Berlin court has . sentenced a journ alist Robert Kremer, 39, to five months in prison for help ing former Nazi diplomat Hans Rademacher escape to Syria in 1953. A Nuernberg court had convicted Rade macher as an accessory to the murder of 1,300 Yugoslav Jews. "Rogue Valley Christian School" Friday Nite, Jan. 9th 7:30 FAITH TABERNACLE Highway 99 South, Ashland HEAR CLARK LAMBETH I-former president of California Christian Schools. He will be show ing slides and giving information concerning the Christian School and the need. Opening of school is planned for beginning of 2nd semester KINDERGARTEN -1ST, 2ND and 3RD GRADES For Information Phone MU 2-3401 - MU 2-9762 ' Write P. O. Box 1, Ashland ' Listen K17IN Sunday 4:30 P.M. TREMENDOUS REDUCTIONS! January Store-Wide No Down Payment As low As 25c Week This Is a Store-Wide Clearance and Nothing is Held Back! COME TO WEISFIELD'S AND LOOK FOR THE . . . Now Now Now Now Now 20 20 Donkey Salt & Pepper Ceramics Reg. 2.19...: Pepper Mill & Salt Set-Reg. 5.95..... Decanter & Shot Glass Set Reg. 4.95 Sturdy Metal Ironing Board & Cover Reg. 12.95.. Boudouir Lamps with Shade complete Reg. 2.49.. 1 Kfc&. 6.75 NYLON. RAYON. COTTON 9 Assorted Hand Cut Crystal Vases, Candy Dishes, Fruit Dishes. Reg. to 17.95 Assorted Hand Tools Wrench Sets, Screwdriver Sets, others Values to 4.95 Sunbeam Ironing Board Cover and Pad . Reg. 3.00 Imported Ceramic Vases, Ash Trays, Candy Dishes, etc. Values to 4.95 - 102-pc. Service for 12 Stainless Steel Flatware. Choice of Patterns. Reg. 29.95 Dozens of Radios Many colors, styles, etc., including portables All Kitchen and Wall Clocks - No Exceptions. ' 595 88c joo 100 1588 OFF OFF ...Now 88c .Now 1.69 ..Now 1.88 ..Now 6.88 ..Now 1.00 Many, Many More Items Too Numerous To List Here! Decorated Heavy Coffee Mugs Reg. 40c ea., Now 6$l 10 Ball Point Pens-Reg. 2.95 Now 1.00 3-Pc. Luggage Set-Reg. 39.95 Now 24.95 Package of 3 Extension Cords Reg. 1.98 Now 88c Wood Barometer-Reg. 5.95....... Now 2.99 Arvin Heaters-All styles 20 OFF 8-Pc. Fireplace Ensemble-Reg. 49.95 ...Now 29.88 24-Pc. Stainless Service for 6-Reg. 7.95 Now 4.88 50x60 Telescopes with Tripod-Reg. 49.95, Now 29.88 Spartus Elec. Massage Pillows Reg. 14.95. ...Now 7.88 Z B LAN K E T 1 SIZE 72x84 NOW ONLY. - Warm, Lightweight, Mothproof 288 I A Sunbeam ; SHAVEMASTER "88" ELECTRIC SHAVER ONLY 12)88 NO TRADE-IN NECESSARY 1 ur y him III 1 ! 'r, Scientifically designed head opMingt pop whiikars high for clour thavei. , rowerfal motor. Genuine pigskin case. . Yfjt ' ONLY 50c A WEEK WT SM f 50$j. ..PHOlll TODAY- SP 3-5348 cajNoa vnti.aausH VkUi rnvyi'fW sWjL fl iVZlWil 14 i-- rr r -i , v -i "i a. ii . ... - ii v J I 14 see tow Pitcit E jfja VM1 14 n. U An Nmt SHR. JOOO L.M. 1 i ti Mmm Cta ' Mi If 1 1 OPfll M r "11 fW a tmr irdimiK anm, .Huh ana tm nm ww , II Ml taaOB 1 I aSiS mm " ". in Cmmtt T I, Mm . lak', WmI arftar Ummm IT &5&9 GET Mir lulilm WM -Pc Miipui' m mtxmr .IlillinnrJ taf J rar' Lfel4C9l HORIZONTAL BENCH STAND laL L2 jmnll aMf wol,f"olllt n Bnta rfrjl ' ' ' omma www i mmmrn i m i n i.mmw? ; i K Reg. 9.95 AUTOMATIC 2 -SUa 888 Chrome fifttih. fct cefttrel, crumb tray. Reg. 12.95 . Auto. Electric DEEP FRYER and COOKER 1 8.88 51 NO MONEY DOWN Vf ONLT25C WHK yi; NO MONEY DOWN I Mfl MONEY; ONLY 5(H llU DOWN'! WEEKLY! AEG. 5.95 WEST BEND STAINLESS MIXING BOWLS P 388 I-PIECI SET 7 Ian ttaat bowli i I Wm at for aay I W (tera. ONLY 50 WRR mmmua Zmn0 6iTMU 1HISB MTlACHMtinS! Vit ron oust mc HO DOWN PAYr.lENT '34.30 VALUE! WTVFH BSTOBE aach a W dovl ceafaa CUs with cm onilnuiy dril mm woo d par masr. many aot far Am Fatrbanka Ward I DriD alaea If wmrm not tor qwd ate! YOU GET EVERYTHING PICTURED . -. fmM. all 41 ptoeaa at oca nrrfinnnlry low phcml Hera la wything jtm wmd to bov too motwr oa ham rmpabm . Zd a urninln DaLm EL Odar texJcryi .a -saw aaKaBF mm w w amct i Htm.iiu.hi.'i.i'.i. rraaiaf AS LOW AS 25c PER WEEK WEISFIELD'S JEWELERS 122 E. Main, Medford . - Please send the 41-pc. Deluxe Drill Set as advertised at 16.88. I enclose S and will send . a week or a month until balance Is paid. NAME , '.' ADDRESS-CITY ZONE STATE EMPLOYED BY . HOW LONG? REFERENCES: . PRIEST 5-PC . ELECTRIC f HAIR CUT SET REG. 5)00 1 Af Profauionat ratutH wrlfc handy koma kaircut sat, . . 25 Will fill AiVl 12.95 V4LUE BURGESS ELECTRIC PAINT SPRAYER 00 HOW ONLY Sapphire aenfa, ataia tu steal piitoa. vet- 04ILY Ue WRK riAA A4V 122 E. Main SI. o Phone SP 3-5348 Medford, Oregon Store Hours: 9:30 a.m. to 5:30 p.m. t
