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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 4, 1959)
' Gold mining In South Af rica has reached depths of 9,000 feet -below the earth's surface, believed to be some thing of a record. , Oil and gas leases on public lands - of the .United States bring an annual income of about $35 million to the fed eral government treasury. , Price 1 0 Cents 54th Year - Under the- federal home-1 Parent-Teacher groups had In Curacao and Aruba, le- their origin in a national con- ands in the Netherlands West gress of mothers which con- Indfts, the flourishing cactus vened for the first time in plants keep animals out of the Washington in 1897. yards. stead act signed by President Lincoln, about 276 million Medfobd TRIBUNE acres of land have been deed ed away to settlers. 2nd SECTION MEDFORD, OREGON, THURSDAY, JUNE 4, 1959 10 Pages Average Investor Reads Too Much, Research Group Declares T ELner Walzer Br ELMER C. WALZER : UPI Financial Editor New York - (UPD - The aver age investor reads too much, says Trendex Research Group 1 i, 1 I of San An- I tonio, Texas. What that firm is com p 1 a i n i n ing about is the ir revelant ma terial being read by some invest ors material which makes them lose perspective on mar ket policy. f Trendex advises: Don't give a great deal of thought to the steel strike situation; watch probable moves'61 Rus sia; don't , forget the Jrradle East, and so on. It urges don't concentrate on yesterday's news; keep minds tuned to future newpossibilities. - Of course, that's what the market always does - keeps tuned tov the future. Actual news often works just the op posite of what one would ex pect' because it has been an ticipated, and discounted. - Reading market material can be, confusing because one doesn't spend the tune on it the news deserves. It needs to be assimilated and mulled over foe nuggets of informa tion that will Help one in the market. Lookftg around for inter esting items to read one comes upon the wetkly letter by Ed mund W. Tabell of Walston & Co. - "I sgll feel that the ulti mate objective oi the indus trial average is around 800 before a decline of much im portance occurs," says Tabell. He would ignore the general market and concentrate on individual stocks. The worst difficulty he can visualize at the moment is a trading range between 650 and 610 in the Dow-Jones industrial average ' Standard Si Poor points out that earnings are catching up with stock prices It estimates earningson its 500 stocks in dex at $3.64 for 1959, against a mere $2.84 for 1958; $3.28 for 1957, and $3.35 in 1956. It estimates dividends on the same group at $2.03 for th& year against $1.82 for. 1958; $1.86 for 1957, and $1.87 for '1956. Eldon A. Grimm analyst for Walston & Co. believes the steel shares on a trading basis are headed higher, whether there is a strike or not. ' "The threatened strike in mid-1959," he says, "seems to be one of the most discounted pieces of news in stock mar ket history." . Alexanaer Hamilton In stitute in its "investment bul letin" gives some advice not seen in some time in the fi nancial district. That conservative group suggests salting away some stock market profits in higher yielding bonds.. "Most bankers and economists agree that while bond prices may go still lower," says the institute, "the investor at today's prices can hardly go wrong over the longer term." . ; Investors Advisory" Institute suggests placing greater em phasis on defensive issues than heretofore in - making J new, investments; In the de fensive category,".' it notes, "there are values which are not overdiscounted at current quotations." 4 -'Newsweek in. its coming issue is carrying a bullish item:. a'-:v.(. T- . ' ' . - "A ringing vote v of con fidence by U.S. industry is evidenced in the latest News week quarterly survey of cap ital appropriations, conducted by the National Industrial Conference Board. Expansion on Rise . "Figures forthe first quar ter of 1959 show the nation's leading manufacturers ap proved $2.6 billion in new funds for expansion and modernization, a 37 per cent increase over 1958's $1.9 bil lion." And now to get back to Trendex which advises: "Put the news in a hopper, stir it, and this is what ap pears: , "Metals firming even scrap, industry showing fair firm ness in .negotiations with labor, yarn ,and textile de mand is steady, many divi dend increases, cost of bor rowing also increases, states search for new tax income going after insurance firms, tool and machinery orders in creasing, consumer durables selling well helps the loan companies,- Federal Reserve sees need for brakes on infla? tion but market! ignores the Fed, and the future continues to show better prospects for heavy, capital goods than for light consumer goods.,; "All this simply points', to a need for investors and specu lators to be realistic in their choice of media. I J' I JL I JAY ALLEN CO. FIAT "500's". has just received a. new shipment of 0 YOU'LL TRAVEL FOR PENNIES in the new Fiat "500" Convertible. Up to 53 miles per gaHon! For the first time, a full-fledged motor car brings you such fabulous economy? With it you get smart Italian styling, a roomy interior which seats two adults in full comfort with lug gage space that would do credit to a large car. And you'll be delighted with its lively performance! Make g date today for a test drive. o Priced From SllfiO 30 THE 500 CONVERTIBLE 2 eyt. O.H.V. air-tooled rear engine. Four speeds with overdrive in 4th. Sun roof. One of 4 FIAT series and 9 modelc JAY AO-HEN C. Fiat Borg ward 1078 Court Street -IT $rAl - You Pocket SAVINGS When You Shop at GRANDVIEW MARKET! o) MM mm "WW 'i 2330 Crater Lake Ave. O c Phone SP 2-8188 Ad prices effective Thurs. evening, Friday, Saturday & Sunday, June 4-5-6-7 We reterve the right to limit quantities Subject to stock en hand. Store Hours: Week days 1:30 to 1:00; Sundays 10:00 te 7:00. WE GIVE IT JL Giant Pkg. REG. 87c ' Deal Pak Ideal for youratio, ergert r outdoor living area. These add so rni?h for so little. 12" and 14" sizes .YOUR CHOICE 0 AnOGAlO Soft ShelleJ, Green. So delicious for salad. JT FLOUR WHIFF Crown Label Bleached or 4 Dbg & Cat Food fP Unbleached Terrific Value dL Most Pets Love It! i - 4 7 VS C & CJar Gree. tatell0-oi. J I I . . rk9. Reg. 2 for 35 V, -J - sz. onuuwv- Vz-lb Pkg. . . . 78c 48 Bag . . . . . . 58c BELL PEPPERS MORE GOOD BUYS! MARGARINE So many uses in summer meals. V NOW ONLY C D L L hL tx,n ,,My Timl e" 4 C V tnU Da iDeeie now at peak of quality, lb. DUTCH MAID Yellow .Quarters 6 it 100 Hawaiian Punch A Delightful Summer Drink Reg. or Golden Blend. JPV CQ QQ 46-oz. cans Reg. 39c ea. cans Onions DRY YELLOW No. 1 Beauties APRICOTS PLUMS - PEACHES ' WATERMELON OKRA - CANTALOUPE Many other miscellaneous items for outstanding good eating. Come in and see. o 1 ! CAL-LIN DA SARDINES Large 15-oi. Cans Reg. 4 for $1.00 Oval cans in tomato sauce E ft? I ftfl Tall in Brine, Tour Choice cans VlelHl LUNCHEON MEAT Ready & waiting for good Picnic Eating 12-oz. Cans can 1 GREEN vSTAMPSy USDA "CHOICE' DEEF CHUCK SALE Roast Only LlVlfc 7-BONE STEAKS Fine Tenderized For Barbecue ..... O ' i O-BONE STEAKS Good for Swissing ... ...lb. Boneless Cross Rib ROAST All Excess Fat Removed. Can Oven Roast Boneless All Lean Chunks - For Stew & Brazed Tips BEEF 0 4 4 Stewing Cut Up Pot-Ready CHICKENS Fresh Fancy Grade "A" GROUND BEEF ALL MEAT 3,b$l39 BACON Grade "A" Thick Sliced 2 lbs. $1.09 WIEN&S ( All Meat Skinless 2 pkgs. 89c ffchfoM&ctUlp) m iHiiWa: MXmzW taiUlJH O Vienna SaUSage Red Crown Label-Reg. 2 for 49c 5 cans leOO : Q YaiTIS ROyal Clllb 303 Cans in Syrup-Reg e Each 6r cans le25 O Pineapple DUndee No. 2 Cans -Half Slices-Fine in Salad 3 cans 89 O Catsup, Dundee, 12-ez. Berries : 3 Bottles O Angel Food Cake Mix, iny Crocker, pwn Rg. 2 1.00
