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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 5, 1959)
t MAIL TRIBUNE, Mteforo, Oraon, Thursday. February 5, 1939 Quotes From the News By United Prew International London - Secretary of State John Foster Dulles, on his talks with British leaders: "It is Tilally important that we understand each ether. I intend to do more listening than talking." -' Washington - President Eisenhower, fighting for his balanced budget" "I don't believe that we should hare higher taxes, and I do not believe that the United Stales wants higher taxes, That means to me living within your income by avoiding unnecessary expenditures. ' Hollywood - Comedian Bob Hope, on starting an im- nroniDtu two-week rest m Palm Springs: "I'm Just little tired, but it's nothing to get excited about." Sioux City, Iowa - Rock n roll singer Frankie Avalon, fnr thrp fpllnnr Rlar killed in a Diane crash: "I'm not a replacement - there could be no replacement. I'm only here to Help out xne iroupe. Wilson Warns Against Education Complacency - Eugene University Pres ident O. Meredith Wilson warned against national com placency and asked that peo . pie become aware of the in creased need for support of education in a speech at Sa lem recently. , Wilson was honored at a dinner given by Charles A. Sprague, Salem, former gov ernor of Oregon. The dinner honored Wilson for his recent election as chairman of the American Council on Educa tion. He is the youngest chair man ever chosen and is the first west of the Mississippi. Wilson decried any feeling In present day America which would take ours as tne goia en age . . . the goal." 'A great increase in the birthrate after World War II has presented us with the greatest crop of human re source in the history of our civilization, Wilson stated, "But at the moment when we should be congratulating our selves and gladly making the appropriate investment to bring each of these children to his brightest potential, half the - country is cautiously counting the educational pen nies as though the perfection of our children were an ex travagance rather than a pru dent investment." Wilson pointed out that the supply of teachers in college 4-H Club News Dairy Club The Rogue River 4-H Dairy club met at the Parsons home on Jan. 24. " Lanny Parsons demonstrat ed the proper way to tie an animal.. ' A class of Guernseys was Judged from pictures. A county record book med al was awarded to Allen Jones. ' Candice Gail was enrolled as a new member. Lanny Parsons Reporter would soon be shorter ,than has been the supply in second ary education. Wilson made a plea for more money to give Oregon a distinguished rather than av erage system of higher educa tion. "The difference between the costs of average and dis tinguished higher education is primarily expressed in fac ulty salaries and library re sources, the president said. "Other costs remain fairly fixed. For a small percentage addition to our asking budget we could catch attention where it really counts.' Cub Scoufs Cub Scout Pack 35 Jacksonville Cub Scout Pack 35 will open Boy Scout week with a baked food sale at Miller's Grocery store from 11 a.m. to 2 p.m. on Feb. 7. At the Jan. 28 cub pack meeting the following awards were presented: gold arrow, Charles Logan; silver arrow, Gail Strong, Larry Milligan, Charles Logan, Bill Hinkle, Bob Glathar; gold arrow for wolf badge, Gail Strong and Larry Milligan; wolf badges, Patrick Swanson, Tommy Maddox, Danny Maddox, Lar ry Winona, Stormy Russell, Billy Ray King, Larry Milli gan; bocat pins, Lee Wilson and Louie Wilson. After the awards were pre sented each Den enacted a humorous skit. The Barne burg Trophy Cup, a gold cup given to the Cub Scouts, Pack 35, by H. W. Barneburg in 1954, is presented each pack meeting to the den having the most parents attending. At this months meeting the Trophy was awarded to Den 3. Refreshments were served by Den 3 mothers. 7 -r T F - it -cm t i NEW YORK PLANE CRASH This is a turbo-prop FJectra of the type which crashed in the East River at New York, causing the deaths of 65 of the 73 persons aboard. Interest Rates Expected To Go Higher With Financing Deficit Waller E Uner There are more than 100, 000 taxicabs in the U.S. and of the larger fleets, New York is in first place and Washington, D.C., is second. Crater High Vo-Ag Lists Activities Central Point The voca tional agriculture students and members of the Crater Future Farmers of America chapter leave a long list of achievements behind them as they move into another year of activities, Don Denning, chapter reporter, noted. : During the past year the boys earned $16,346.56 from their supervised farming pro grams. Supervised - farming which is a basic part of the vo-ag program is essentially the home project or projects the boy owns. They study their classroom material and take it home to apply to their projects. Denning explained. These are visited periodically by the agriculture instructors. The project may be livestock, poultry, field crops, truck crops, or any other agricul ture production program. Town boys rent land in the country to farm, he explained. To aid the boys in their supervised farming activities each one has a farm record book. Each year classroom instruction is given on records to help the boy keep accurate records and teach him how to study them for a correct eval uation of his program, said Ed Griggs, instructor. Purchases Tractor To aid the farming pro grams, the chapter purchases a new tractor every year. This year, because of the increased class enrollment, the chapter purchased a new 800 series Ford which is a three-plow tractor. The larger tractor will get more work done for more boys, according to Griggs. Although each boy is en titled to use the tractor, he must first pass a tractor driv er's license test which the tractor foreman gives. Class room instruction prepares him for the test. The tractor is used also for custom work for the commun ity's residents. The chapter owns a disc, plow, mowing plow was purchased this year to go with the larger tractor, Denning said. Grain crops from the 18- acre chapter farm each year helps finance the yearly ac tivities, the chapter reporter added. The chapter recently fin ished a series of public speak ing contests. In the Rogue Umpqua district. FFA nnhlir speaking and parliamentary pruceaure contest. Don Den ning, Crater chanter VVA placed second, following first piace winner Leon Small, Phoenix FFA chaDter. Illinois Valley took first place in the parliamentary procedure con test and Crater placed second. Both first and second place winners in both public speak ing ' and parliamentary nrn. cedure will participate in th state semi-finals at Crater High school at 1 D.m.. Feh 26, Griggs, district advisor, announced. The chapter this year in itiated a farm newsletter to be sent to all farmers of the Central Point area. The news letter is a dieest of all the latest farm magazines and col lege bulletins. Nate Banry is editor, Howard Misner, co- editor and Larry Ryerson, canoon eaitor. Past activities included wreath-making party with the Crater Future Homema Ir Pre irrigation of 56 freshmen in me ureen and uutiaion and barn dance. By ELMER C. WALZER UPI Financial Editor New York - (CPD - Estimates on 1959 financing show there will be a deficit of $1 billion in new capital, a ccording to Girard L. Spencer of the stock ex change firm of Salomon Bros. & Hutzler. As a result of this excess of de mand for long t e r m capital and a continuing restrictive monetary policy, pressure is expected to continue in the money market. , Interest rates are likely to continue to rise, says Spencer, at least during the first half of the year. But the rise is expected to be less rapid than in the second half of 1958. Spencer anticipates a sup ply of $23.7 billion in long term funds seeking invest ment. He places demand for these funds at $247 billion. Sources of Supply Here are the sources of sup ply: Life insurance companies 4.7 billion, mutual savings banks $2.2 billion, savings and loan associations $5.5 bil lion, corporate pension funds (not funded with insurance companies) $3.3 billion, state and municipal retirement and pension funds $1.6 billion, fire and casualty insurance com panies $1.3 billion, and other long-term funds $5.1 billion. Demand for long-term funds is expected to come from mort gage financing $13.3 billion; state, municipal and public revenue authority financing $3.5 billion, and corporate fi nancing $7.9 billion. Based on Housing Starts Spencer arrives at his short age financing estimate on the basis of 1,500,000 private hous ing starts. Corporate financing consists of $8.6 billion bonds and notes, $10.5 billion preferred stocks, and $1.6 billion com mon stocks, less $2.8 billion maturities and sinking fund retirements. . It is interesting to note that this calculation includes more than $2 billion in stocks, in cluding preferreds, Wall Street has been look ing for a rise in stock offer ings for industry financing in 1959. In the first place, the stock market is strong for making a climate to absorb new offerings,-, and the bond market unpopular as well as cluttered with municipal flo tations. The Journal of Commerce THE DANMOORE HOTEL 1217 SW Morrison St. PORTLAND, OREGON Alt transient guests. All those who eome, return. Rates not high, net ww. rre garage, I i and radios. Reputation tor cleanliness. Reservations by long distance phone refunded on request upon arrival best I J You're oi your onywhere you go! Turn to Sonotone's latest eye glass hearing aid for good looks, smooth hearing. Slim-trim tem ples for both men and women. Only eyeglass hearing aid with exclusive AVC (Automatic Volume Control) to soften sud den, loud noises for your listen ing pleasure. Also latest "Tuck-A-Way" styles for those who don't wear glasses. COME IN. SEE AND HEAR SONOTONE C. R. ADAMSON Manager 839 East Jackson Phone SP 2-5904 notes that public utility com panies are the first important group to take advantage of the rise in the stock market to step up equity financing. Some pickup is noted in equity financing by industrial companies but thus far this has been relatively small, it is noted. The stock exchange firm of Shearson, Mill & - Co. notes that several companies have called their convertible issues, including Continental Can, National Cash Register, and American Machine & Foun dry, thus providing more stock for the market. Barron's recently noted an other means of increasing the supply of stock for the mar ket. This is through secondary offerings of stock. Convertibles Floated Also, Barron's notes, a growing number of com panies, mindful ol the financ ing opportunities offered by the current market, have de cided to raise money by float ing convertible debentures. While perhaps not techni cally equity financing, such flotations, in fact, inevitably mean a greater availability of common stock," says the publication. , In the first half of 1958, the total of corporate securi ties offered for sale, totaled $6,222,000,000 and of this only $816,000,000 was in equities For the full year of 1957, financing totaled $12,884,000, 000 with common stocks mak ing up $2,927,000,000 of the total. xne lure oi floating com mon stocks is the big demand for them. Corporations have had a tendency to resort to bonds in their financing inese nave an advantage in that the corporation does not have to pay income taxes on the .interest it pays on its bonds. It does have to pay taxes on the dividends it pays to stockholders. The disadvan tage in bonds is that in case of a bad year, a company may be thrown into bank ruptcy if it cannot meet bond interest. House Seen Certain To Approve Bill for Extension of Draft Washington- (UPD -A bill to continue the draft was certain to win House approval today. The only question was: How long an extension? Some congressmen were set to touch off a fisht bv ursine that military induction be ex tended only for two years. The House Armed Services Committee okayed a bill 34-1 which would continue the; draft for four years, as Presi dent Eisenhower requested. Rep. Carl Vinson (D-Ga.), chairman of the armed serv ices group, was scheduled to open debate with a plea that the House approve the com mittee measure without change. The chamber was ex pected to go along with this appeal after voting down a two-year extension. Expires June 30 The draft is scheduled to expire June 30. In addition to maintaining induction, the House bill would continue for four, years the authority to draft doctors and dentists and would extend the dependents assistance act. Only the Army uses draftees. But Vinson and other backers of the extension contend that it prods men to enlist in the Navy, Marine Corps and Air Force. About 138,000 men were inducted last year. Another 100,000 were expected to be called up this year. Other congressional news: Housing: The Senate pre pared to slap down a' liberal move to increase a $3 billion housing - bill. The chamber Wednesday rebuffed the Presi dent's economy pleas by re- fusing to supplant the Demo cratic measure with the less costly Eisenhower program The liberals conceded their at tempt to boost the urban re newal outlay from $2,100,000, 000 over six years to $6 bil lion over ten years had little chance of success. They were prepared to scale down their request. Rackets: The Senate Rackets Committee turned its atten tion once again to the affairs of the Teamster Union. It opened an inquiry into a dis puted election of Teamster Local 208 in Los Angeles in volving a friend of Union President James R. Hoffa. The friend, John W. Filipoff, is said to be hanging onto the union office he allegedly lost in an election. Two Children Die East of Eureka Eureka, Calif. (UPD Two members of a family of five from Terre Bonne, Ore., were killed when their auto failed to negotiate a turn on icy highway 299 and plunged over a 300 foot embankment Wednesday. Dead are two children, Terry Leach, 2, and Vernon Leach Jr., 3 months. Barbara Leach, 4, was today reported in extremely critical condi tion in Trinity hospital in Areata. Mrs. Vernon Leach was in serious condition but expect ed to survive. Vernon Leach, who was driving, was hospi talized for shock after mirac ulously walking away from the wreck. . The accident occurred about 40 miles east of here. A - witness told California Highway Patrolmen that the auto overturned six times as it careened down the sharp ly .inclined hill. Terry Leach was crushed beneath the auto. Vernon Jr. died Wednes day night at the hospital. Nude Bathing Shols Must' lor Movies Stockholm. Sweden - AMI Nude bathing scenes are a must in Swedish-produced movies if thev are to hp sm to Latin American distribu tors, a Swedish director said today. Director Rolf Rushprp sniH South American film distribu tors refused to buy the film "T. il" iml.c. ' 1 wuiras a icw scenes with nude eirls were aHHArt The film is a story of love ainuiig me Laplanders and was shot in the snowy wastes of the Arctic Circle. The demand was met. The export version of the picture will snow four girls running around nude, in th They take a snow bath to cool off after bathing in a sauna, the Scandinavian steambath. s ' TEXTBOOK AUTHOR DIES New York -TOPD- Mrs. Ruth Wood Gavian, 55, an associate professor of education at Brooklyn College and author of several textbooks, died Tuesday night after a long illness. FIND MASTODON BOWES Baton Rouee. Ia.-ffiPD-flmil- ogy students from Louisiana State University have found the fossilized bones of a mas todon in a bayou near here. College officials said the area may have been a eravevard for mastodons, a wooly ele- pnant tnat roamed the con tinent 25,000 years ago. Pan American Reaches Agreement Washington (UFD Pan American World Airways reached agreement Wednes day on a new labor contract with the Air Line Pilots As sociation (AFL-CIO), ending 18 months of negotiations. Sources close to the nego tiations said the agreement provides top pay of $33,000 a year for jet .pilots if they put in 85 hours flying time every month. Pilots of the plane would average about $29,000 a year, compared to $23,000 now, these sources said. The contract runs for 18 months. ' r?- r ' v ficht brown .1 n ig s; Joe hrowh Sugars (GH F dark brown "With that good- ySj 7y - Hawaiian-cane Jlht cane sugar flcK" J cane sugar "j"' 77A!!fel CELEBRATE IVORY SOAP'S 80th ANNIVERSARY. . . I - ' ' 1 V . - I iinvrtlW : 'Photo of p, - I THIS CAR LOADED WUH IMS CASH 1959 Plymouth of Flrat Prl,-... " ""- doij, If IVORY SOAPS 'Si GIVE-AWAY! JUST ESTIMATE THE AMOUNT OF MONEY IN THE PILE ABOVE! Closest estimate wins all the cash PLUS the 1959 Plymouth Convertible Plus $5,000 Bonus for 1st Prize Winner ! (See Rules) 2nd PRIZE: 1959 Plymouth Belvedere Convertible plus half the amount of money in the pile i ' .. 3rd PRIZE: 1959 Plymouth Belvedere Convertible plus one-third the money 4th PRIZE: 1959 Plymouth Belvedere Convertible plus one-fourth the money 5th PRIZE: 1959 Plymouth Belvedere Convertible Cut out this money-saving coupon to take to your dealer's whether or not you enter the Give-Away THIS '80,000 GIVE-AWAY CELEBRATES IVORY SOAP'S 80th ANNIVERSARY! What a wonderful way to celebrate the 80th year -of wonderful Ivory Soap. For over 3 generations America's favorite for bath and complexion care. White, floating, pure . . . today, as always, more doctors recommend gentle Ivory than any other soap for adult and babjr's delicate skin. -Use this entry blank Enter the Give-Away today- IVORY 80,000 GIVE-AWAY ENTRY BLANK IVORY "80,00O GIVE-AWAY ENTRY INSTRUCTIONS ' 1 . Estimate the total cumber of Uw dollar im . the pile shown in tbm picture. Writs your sti mate on either s printed entry blank or a plain i sheet of paper. Print your name and address ; plaialy.The estimate closest to the actual amount of money in the pile shown in the picture will win first prize, the next closest will win second prize, etc The first five prizes are as follows: 1st PRIZE: 1959 Plymouth Convertible plus the amount of money in the pile. . 2nd PRIZE: 1959 Plymouth Convertible plus half of the amount of money in s the pile. 3rd PRIZE: 1959 Plymouth Convertible plus a third of the amount of money in the pile. 4th PRIZE: 1959 Plymouth Convertible plus a fourth of the amount of money in the pile. 5th PRIZE:. 1959 Plymouth Convertible. Each bag shown in the picture is packed full a silver dollars, as obtained from a Federal Reserve Bank. 2. Mail your completed entry, together with three wrappers (or ucaimiles of the face panel copied from any source) from any size of ivory Soap, to: Ivory Give-Away, P.O. Box 243, Cincinnati 99, Ohio. SPECIAL 5,000 BONUS If your three Ivory Soap wrappers include one j from each size Large, Medium, and Personal (or facsimiles copied from any source), you will receive a $5,000 bonus if you are the 1st prize winner. 3. Enter as often as you wish, but each entry must comply with all the rules and be mailed in a separate envelope. Entries must be postmarked no later than midnight. May 1, 1959, and re ceived no later than midnight. May 15, 1959. 4 In addition to the five major prizes, there will be 75 other prizes as follows: 6th Prize will be a Natural Mink Stole, plus a sixth of the amount of money in the pile. 7th Prize will be s Natural Mink Stole, plus a seventh of the amount of money in the pile. 8th Prize will be a Natural Mink Stole. 9th Prize will be an RCA Victor . Color TV Set, plus s ninth of the amount of money in the pile. 10th Pruse will be an RCA Victor Color TV Set, plus s tenth of the amount of money in the pile. 11th Prize will be an RCA Victor Color TV Set, plus an eleventh of the amount of money in the pile. 12th Prize will be an RCA Victor Color TV Set. The next 68 Prizes will be s matching set of a man's and a woman's Bulova Wrist Watch. All money prizes will be awarded in silver dollars or check, whichever is preferred. S. In case of ties, which are quite possible, tying contestants will be required to complete s state ment about Ivory Soap. The most spt of the tie-breaking statements, written in the contest ants own words and expressing the contestants . . own thoughts, will be selected and rated for prizes. Duplicate prizes will be swarded in case of ties in statements judged. Only one prize will be swarded to any winner or family. ' ft. Entries are limited to residents of the Conti nental United States (including Alaska) and Hawaii, except employees of Procter & Gamble, its advertising agencies and their families. Gov ' eminent regulations spply. T. Judges' decisions will be final. Mechanically reproduced facsimiles will be disqualified. No entries will be returned. Entries, contents and ideas therein belong unqualifiedly to Procter eV Gsmble for any and all purposes. The winners or tying entrants will be notified by mail about 8 weeks after close of contest. A list of winners will be available upon request approximately 3 months after close of contest. Look for Ivory in these special Give-Away wrappers at your dealer's today. 99uoo pure. . . If fooff SAVE 5t ON IVORY SOAP WHEN YOU BUY EITHER (fit KE?m)lnS5s2 (J) RSIlHAln!' 1 size yfii I ' vlHpsr TO THE DEALER: Yoo ar mBtbertzS ta act as eor scent for th mJemptioa rf ttid eoapon in sceartjasca iwttft th tarns of our coapoo ffer a stttad below, provided that yea and tba eooMimer ha complied itn these term. Cash redemption raius 120 of lc. TERMS OF COUPON OFFER: We will reimburse yeo for the fsMTSloe of tbia coupon, or. if coupon calls ioeirv ierehsndjM. we will reimburse yoo for men free zoods, plo2c f or handling, provided thtn coupon has fc0 ,n n'- . ewth oar consumer offer. Invoices proving purchase f sufficient stock of oar brand to cover coupons presented must be shown upon request and faitor to do so may. at oar option, void all coupons submitted for redemption for whtenno proof of pfodocts purchased is shown. Coupons are Rood only on brands specified, are non-transferable, end when presentedthrooch esUidf agents cr others woo are not retail dutribaturs of oar merchandise will not be honored end will be eoid when so presented. The container mast per any sales tax involved in the transaction. Oar salesman will redeem oar coupons or yoa msj ""i' tl?L"o0ur "1?f!! , to Procter A Uamble, 2U0 Sannybrooh Drive, CintinneXt 33, Oruo. PROCTtK GAMBIA PLEASE PRINT CAREFULLY My estimate of the total number of silver dollars in the pile shown in the picture is CI II DEALER'S NAME- This coupon valid for use in stores everywhere in 9651 Af I ..J J I am enclosing 3 wrappers (or facsimile of the face panel copied from I any source) from any aiie of Ivory Soap. I $5,000 Bonus Prize. Check ( V) here if your 3 Ivory Soap wrap- pen (or facsimiles) include one from each size Large, Medium and I Personal to be eligible for the $5,000 bonus prize. Mail to: Ivory Give-Away. Dept. V, P. O. Box 243. Cincinnati 99, IOhio. Entries must be postmarked no later than midnight. May 1, 1959, and received no later than midnight. May 15, 1959. I f 15. ftlVORY r ; 1 'g0,O0OGiye-Away! IVORY '80,000 dive-Xway! IVORY '80,000 Give-Ay 31 machine and blade. A new
