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
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