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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 26, 1959)
IF YOU'RE Build-A-Set SALE I FREE STEAK KN IVES with IVORY SNOW COMET CHEER - JOY 1PI11TF Comet ' y Cleanser LWm'rm EXTRA! T EXTRA! WIN $10.00 CONTEST ENTRY BLANKS HERE Groceteria Fountain Lunch Swiss Steak Dinner With Mushroom Sauc Soup Salad Vegeta ble Mashed Potatoes and Gravy Bread and Butter Coffee Tea or Milk. PIE PER CUT With A la Mode or Whipped Our Pies and Pastries Are ' I SUNKIST I local Brown Dry v Boiling ONIONS FRESH IMPERIAL VALLEY NOT SHOPPING AT THE f Reg. 87c Save 1 2c JOY Liquid Detergent Giant 7CC Size J IVORY SNOW Giant Size $ H Cream 20c 25c. From Our Own Bakery Jergen's LOTION -MILD SOAP if LEMONS Size Extra Large 126 Size Doz. 49 Small 216 Size in Packages Doz. 29c Lemons add flavor to so many of your recipes. Be sure and keep' plenty on hand. Swift Oriole Brand-Sealed Cello Wrapped DELICIOUS fORK SVUSA.O eiAnc WHOttflOC. 1EEF urn era HARffl Fully Cooked Rump or Sirloin pork Rome' U.S. graded choice steer Cut Thick or Thin Your Choice Meat Prices in This Through Saturday, Feb. The enjoy ASPARAGUS .. 39c lb. GROCETERIA YOU'RE Limit sale 4 lbs. per family (No sale to dealers) rays ROAST MS Ad Good 28, 1959 A Good Salad Fancy Local NEWTOWN APPLES crop is about gone them while they last! con Ifs delicious U.S. Graded SLICED Swift Premium Brand CANNED READY FO INSTANT SERVING Boned & Rolled Young RIB We will Puts Real Eating GROCETERIA FRESH O Red Leaf Lettuce O O Australian Lettuce Red-Firm-Ripe TrMTE Large Slicing Size PAYING TOO MUCH! ru rU Choice Steer OR PIECE Cascade Whole Hog brand "Finest in the (and" Fresh made extra lean The best you can buy 3 pounds of delicious U.S. Graded Choice Steer WASTE FREE Tender Grain Fed HALF OR WHOLE cut the way you wish Pleasure in Your YOUR CHOICE bunches Chunking Size for Mixed Salads 14-oz. cartons 49 POUND 5 J C a . 735 cL EA meat Meals! PRODUCE Romaine Lettuce O Endive 41? MAIL TRIBUNE, Medford, Ore., Thursday, February 26, 195? 7 Stock Market Classic, Example Of Law of Supply and Demand By ELMER C. WALZER .UPI Financial Editor New York (DPD This stock market has become a classic example of the opera tion of the law of supply and demand. Demand was held high while supply Vins Vippn . ili. if minis h ing. That, accord ing to t h e rule, means higher prices. Elmer Waller And they have come to the point -where the industrial average was carried above the 600-level for the first time in history. But in the operation of the economic laws a time arrives where people are willing to sell. In fact some people sell every day. They have to if there is to be any stock to buy. Brokers do not maintain inventories of stocks on their shelves. ' . j In each of the selling pe riods for a long time, it has taken only a small lowering of prices to bring in new buyers. Demand has come from many sources and many of them are the type that keep their stocks and thus reduce the supply. These include pen sion funds, institutions, mu tual funds and other funds. Many big investors are lock ed in the market by .the capi tal gains tax. Small Investors Influential Small investors also are a source of market demand. Unlike the little fellows who speculated in 1929, these small investors of today buy stocks and hold them. Their overall holdings are small percentagewise but they are a big influence in reducing supply of stock over the years. Today the stock exchange reported on its Monthly In vestment Plan (MIP) which just turned five years old. This is a plan under which small and large investors -mostly small put up a cer tain amount of money each month or quarter and buy shares and fractional shares outright. At the end of its five years here is the overall result of MIP: $112,600,000 invested in 2,850,000 shares in 163,000 plans. A lot of these plans repre sent new investors. They are starting MIP plans at a rate of 259 a day - 5,432 a month - 65,184 a year. Keith Funston, stock ex change president, says "MIP has demonstrated that you don't have to be rich to be a shareowner." These little investors buy the cream of the market. They are wary of rails. They like growth issues as well as recog nized steady money makers. Price is no object. They buy high-priced International Business Machines along with other blue chips. Most of them reinvest their dividends. They prefer quar terly to monthly payments 55 to 45. They stay away from low-priced shares. The top ten in their holdings are General Electric, General Motors, Dow Chemical, Standard Oil (N.J.), Tricontinental Corp., Sperry Rand, Phillips Petroleum, RCA, American Telephone and International Business Machines. Investment Clubs Popular Another source of demand for stocks is the investment club idea. These clubs have sprung up from coast to coast and they, like the MIP group, set aside a certain amount each month or quarter for in vestment in stocks. The clubs study the mar ket, individual issues, and everything connected with in vestment. They invest with the advice of expert counsel available to them in the brokerage offices. Their steady demand along with other investors erodes Only CH has this , i i . . nanay metal spout : ; on every carton of granulated sugar jg tie pure Jcane sugajsfrom Hawaii?! the available supply of stock. The stock supply just now is being replenished mainly through stock splits since there is little stock financing. It seems that when a stock is split holders sell a few of their shares. Otherwise, the supply is relatively small. But a time comes when many believe prices are high enough to realize profits. Such periods of selling can come even in this market and they could be prolonged. Church Council Studies Housing Discrimination Hartford, Conn. -flJPD- The National Council of Churches governing body today consid ered a proposed resolution asking its 38 million U.E. Prot estant members to wipe out discrimination in housing be-" cause of race or religion. The housing resolution de ferred from Wednesday was expected to highlight this clos ing session of the two-day winter meeting of the general board of the council. Atomic Discussion Due Also scheduled was a panel discussion on peaceful uses of atomic enegry. Panel mem bers were Victor Reuther, as sistant to the president of the United Auto Workers Union; Dr. Shields Warren, patholo gist and former consultant to the Atomic Energy Commis sion; the Rev. Robert F. Mac- Gregor, dean of Trinity Ca thedral in Newark, N.J., and former rector of the Oak Ridge, Tenn. parish; and Ed win A. Wiggin, a New York businessman who heads an in dustrial group studying atomic energy. The body was asked to take a stand on "right to work" issues but this was dropped from the agenda because of a crowded schedule. The board Wednesday ap pealed to the 33 Protestant denominations in the council to "uphold the right and duty of the church to study and comment upon issues of hu man concern, however con troversial." Right of Groups It is the right of church groups as well as citizens to "discuss freely and to express judgments without exposure to attacks upon motive or integrity for daring to exer cise the right to do so," the pronouncement said. - The pronouncement grew out of criticism of a report by the World 'Order Study Conference last November which included recommenda tions for U.S. recognition of Red China and that country's admission to the United Na tions. Mediators Enter Carpenter Dispute Portland -(UPD-The Federal Mediation Service said today it is assisting in contract ne gotiations here between the AFL-CIO Carpenters Union and contractors in Oregon and Southwest Washington. The mediation service en tered the talks after the union last week voted to reject a contract offer by the employ ers. The carpenters' contract ex pired last Dec. 31 and nego tiations have been under way since October to reach agree ment on a new pact. The employer groups are the Associated General Con tractors and the Portland Home Builders. Unions in volved are the Oregon State, Portland and Southwest Washington district councils of Carpenters and the Pile Drivers. Os HAWAII jffl mi s f , - -i a
