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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 5, 1959)
MAIL TRIBUNE, Medferd, Or. Friday, Jun 5, 1959 No Rate Change For Bonneville Washington - (CPU - Interior Secretary Fred A. Seaton has submitted to the Federal Power ; Commission a rate schedule continuing the Bon neville Power Administra tion's present power rate. The $17.50 per kilowatt year rate was established in 1938. Seaton said that as of June 30, 1958, the payout of the Columbia river power system was $76 million ahead of an nual amortization schedules. This surplus, together with estimated revenues during the next five years, makes a rate increase unnecessary at this time, he said. Authority for fixing the Bonneville rate is responsi bility given the Secretary of Interior by Congress. The rate submitted to the FPC will become effective Dec. 20, and .will remain in effect through Dec. 20, 1964. . South Carolina's textile in dustry produced more than 256 million pounds of print cloth in 1956. ' ... " ' Queen Elizabeth of Bohem ia had 13 children. The Medical Roundup Emeritus Consultant la Medietas, Mr.yo Clinic Emeritus Professor of HedlelM. Mmyo Cltmte Echo Viruses I had better mention ECHO viruses because, soon, moth ers of acutely ill children will be hearing about them. In recent years men in big laborator ies have been learning how to isolate and culture and identify many new viruses. Dr. Alvarez In fact, they have found more viruses than they had diseases to fit them with, and these viruses not yet identified with an illness - are called "orphans." While studying viruses in children suffering with .what looked like polio, the experts began finding viruses that did not belong to the polio family. Som belonged to the Cox sackie group, named for the city in which they were first found, and now at least 20 types are found to belong to the ECHO group. This is Also&See Our Lawn & Patio Furniture See Our Complete MAPLE . Department Living Room Dining Room Bed Room ... and many other wonderful Maple Items. DO m Q3 6 (PHONE MU 5-8771) CDCDCDQQCQr S&H GREEN STAMPS ON ALL CASH PURCHASES shorthand for Enteric, (living in the bowel) Cytopathogenic (able to damage body cells) Human Orphan viruses. Al ready some of the types are not orphans any more because we know they produce a so called aseptic meningitis (not due to a bacterium) a few cause diarrhea, a few cause what looks like a cold, and a few cause a fever with a rash. : The . time is soon . coming when doctors will be able to learn quickly from virologists what is the cause of an epi demic that is sweeping through a town. After some years I imagine we, will be vaccinating our children against the worst of these in fections. The Wisdom of an, Ancient Egyptian In the tim of the 5th dyn asty of Egypt, some 1500 years before Solomon was born, there was a great vizier named Ptah-Hotep. He wrote a book to help his son to -live wisely after he was gone. Realizing how important a happy marriage can be to a man, he said, "If thou art a man of standing, thou shouldst found thy household and love thy wife at home as is fitting. Fill her stomach; clothe her back. Give her perfumed oint ment for her body. Make her heart glad as long as thou livest. She is a profitable field for her lord. Let her heart be soothed through what may have accrued to thee; it means keeping her long in thy house." ' Ptah-Hotep warned his son also against having too-wandering an eye for the women In the homes of . the nobles whom he visited. He said, also, "Let not thy heart be puffed up because of thy knowledge." In other words, he must never become con ceited or snobbish. Very re markable is his statement, "Good speech is more hidden than the emerald, but it may be found with maid-servants at the grind-stones."-In other words, many of the humble people of this world, have a great deal of wisdom, and sometimes even a highly edu cated man can ' learn much from something they say. All my life, as a physician, I have been learning medicine from my patients. I constantly have been asking them how their disease started; what seemed to bring it on; what seemed to make it worse, and what seemed to make it bet ter. Ptah-Hotep advised his son - and this advice would be so good for a young doctor today - "Listen to the speech of the Dow-Jones Industrial Average Revised; Here's How It Works By ELMER C. WALZER UPI Financial Editor, New York - (DPD - The Dow Jones industrial average has been revised and new divisor t , 1 set at 3.964. y --v That divisor i I is used -to di- i i vid thp total of - the . prices of 30 indus- g t-i z trial stocks to v. .......... . -m n lXrHrJet the Dow 1 4Ji Johes industr- "X iV I al average i i eacn aay. Ekner Walzer When VOU went to school you were taught that you get an aver age of 30 items by adding them up and dividing by 30. Butjt's different with the Dow-Jones average which is a very respectable figure, known throughout the whole world as a measure of the leading stocks on the New York Stock Exchange. ' '. Why not divide by 30? If you did you wouldn't take In to consideration the stock splits and stock dividends ov er the years this average has been in force. It dates back to 1897 and that's what makes it valuable. Take the close of June 2, and add up the closing prices of the 30 issues used to calcu late the average. You get 2526.8518. Divide that by 3.964 and you get 637.45 which is the closing average for that day. Divide it by 30 and you get 84.23'; Thus, ev ery time the prices of stocks rise an average of 1 point the average rises 7.57 points. How It's Figured It's the same when there's a decline of a point. In that case the average declines , 7.57 points. - r ' Now suppose there had been no stock splits over the years. The prices of stocks would be very high. If that were the case you'd add the total of the 30 issues and in stead of getting 2526.8518, you'd get a total of 19,123.50. man who comes to see you. Do not rebuff him before he has swept out his body, or before he has said that for which he came. A petitioner likes attention to his words more than the fulfilling of that for which he came." How remarkably true, that some times can be! There seems to be so little new under the sun. Back in ancient Egypt a poet wrote, "Make holiday, and weary not therein, Behold, it is not given to a man to Take his property with him, Behold, there is not one who departs 1" Who comes back again." ' In other words, occasional ly take a couple of weeks off for a vacation. Divide that by 30 and you'd get 637.45 which is just what you have right now for June 2.. - . ' There's nothing complicat ed about it. The lowered di visor keeps a continuity in the average over the years. You ask "what's going to happen when the divisor gets to zero? - i The answer to that is it never will get to zero. Divid ing by zero gives an answer you can't calculate. It's infin ity. You can check that your self by continually dividing a whole number by a steadily reducing fraction. Your an swer gets bigger and bigger. If you plot a graph of the divisors you get what the mathematicians call an asymp tote. Look that up in the dic tionary if you want to get more confused than ever. The Porter Proposes Chinese Mission To Explore Trade Washington (UPI) - Rep. Charles O. Porter (D-Ore.) has proposed sending a U.S. mis sion to Communist China to explore the possibility of trade with the Chinese Reds. Porter said in a speech, pre pared for delivery in the House that a visit by 35 to 50 government officials, busi ness m e n and journalists would "help us achieve a re alistic appraisal of this awak ening giant." - He said there are reasons to believe China "will become a leading world power. Nation Said Reality "Under the circumstances we cannot afford to close our eyes and to pretend that Chi na does not exist," he said. "Communist China is a reali ty and will be a potent eco nomic, political and military force for a long time to come." Porter said trade in non strategic goods might show the Chinese people that "we do not have horns." "The fear .that is being gen erated on both sides of the new 'Chinese wall' makes for dangerous tensions," he said. "The people of both, countries need to know more of the truth." England's largest and fin est palace is Hampton Court, near London. Built by Card inal Wolsey in 1515, and' later the favorite residence of Hen ry VIII, its beautiful galleries and 44 acres of gardens are open to the public. Denmark from 1397 to 1521 The Japanese recently open- dictionary defines an asymp tote: ' "A line that is the limiting position which the tangent to a curve . approaches, as the point of contact recedes indef initely along an i n f i n i t e branch of the curve." That means an asymptote is i a line that approaches but never touches the zero line jn a graph. How It Reflects Market But that really isn't impor tant. You , can take the word of th mathematicians that the divisor never will hit zero. So don't worry any more. Let's see what the average means in terms of the market itself. Each time we get a market like the recent ones, there are those who rise and shout the average is no good. It goes up when a plurality of stocks declines. It's been do ing that. , . , . Those who know their mar ket stuff simply say the be havior, of the average indi cates that traders are buying the blue chips and selling the rest of the market. L. O. Hooper, analyst for W. E. Hutton & Co., last week summed it up thus: "Last week when the Dow Jones industrials sold at a new intra-day peak of 647.24, the New York Stock Exchange re corded 117 new 1959 lows and 127 Hew 1959 highs. Of the 1418 'issues traded, 504 scored a net advance for the week, 773 recorded a net decline and 141 closed unchanged. "These statistics are a com mentary on the present mar ket conditions. While inves tors are generally optimistic, they are choosy. A few weeks ago they were in a much more speculative state of mind, favoring the 'high fly ers' rather than the 'good' stocks. . "The present vogue is to ward the 'good' stocks: that's why the DJ industrials are doing better than the market as a whole. That s why vol ume especially on the Ameri can Stock Exchange is much lower. PHOENIX Visitors Listed By LILLIAN KNIGHT Phoenix Mr. and Mrs. Osa Waggoner and Mr. and Mrs. Jim Arnold and Kenneth Mo Kime of Medford recently spent the week end fishing at Rocky Point on the Klamath lake. Frank , Chasm of Winston, Ore., was a visitor Saturday at the home of Mr. and Mrs. Burt Stancliffe. He had at tended an educational meeting at Southern Oregon college, Ashland. He is on the faculty at Douglas . High school in Winston. He is a former resi dent of Ashland and a former student teacher in Phoenix High school. The Rev. Marvin Lumley returned Friday fram Salem where he attended a conven tion of the Oregon Pacific District of Nazarene churches. Charlotte Unruh, daughter of Mr. and Mrs. Fay Unruh, is walking on crutches after be ing in the hospital over the week - end and spending a week in bed at home a couple of week's ago. She broke her leg while playing ball with the Dairy Maids when she slipped and fell. ter and two children, Mrs. Donald Cearley. Staff Ser geant Cearley was recently transferred back to the States from South America The fam ily will visit in California and then will go to Texas where Sgt. Cearley will report to Laughlin Air Force base in Del Rio. Mrs. E. H. Judd, a daugh ter of Mrs. Watkins who has made her home in Portola Valley, Calif., for a number of years, has sold her property there and will move up here. Two Forest Fire N Lookouts Are Manned Forest fire lookouts at Hawi's point near. Prospect and Squaw peak in the Apple gate were manned this week, the U. S. forest service has reported. The remaining 15 lookouts in the Rogue River. National forest will be manned follow ing the lookout training ses sion June 17-19 at Camp 2 east of Butte Falls. . About 100 lookouts, patrol men,-crew members and other fire control personnel will at tend the school. Mrs. Clarence Hopper, the former Mrs. John Ruby, for merly of here, now of Grants Pass, visited Mr. and Mrs. Ru dolpho Buccio and family, Mr. and- Mrs." Dan Scott, and Mr. and Mrs.' Fay Unruh and daughter, Charlotte, over the Memorial week end holiday. A farewell party under the sponsorship of teachers and parents of the eighth grade class was given for the class at the Phoenix Community clum recently. Refreshments were served .by the mothers of the class. This was one. of the smaller classes to enter the high school, there being 51 students. According to the present enrollment now there is a potential of 78 to be pro moted next year. Traffic Arrests. Nab 14,000 in May Salem - (UPD - Violation of Oregon traffic laws meant trouble . for nearly ; 14,000 drivers during May, the State Motor Vehicle Department has reported. . . .' ,. The department said state courts , reported 13,884 con victions for .breaking traffic laws, a figure slightly, higher than for the same month a! year ago. Some 251 convictions were for driving while intoxicated which results in a mandatory suspension ofthe offending driver's license. A graduation party was giv en recently by Donald Mac Kintosh, member of the high school graduating class and son of Mr. and Mrs. Arthur MacKintosh, at the home of his sister and brother-in-law, Mr. and Mrs. Gordon Germer, 4557 South Pacific highway, for members of the graduating class. There were about 30 present. Mrs. Germer and Mrs. Mac Kintosh served sandwiches and a decorated cake. In addition to the class present, there were Mrs. Clara Franklin of Roseburg, who has been visiting the MacKintosh and Germer families and at tended graduation and bacca laureate exercises, Arthur MacKintosh, and Gordon Germer. i House Prohibits Olympic Money-. Washington-(DPD-ffhe House "has voted to prohibit a $400,- 000 U. S. contribution to the Winter Olympics at Squaw Valley, Calif., if Nationalist China is barred from the games. v The action was sparked by a decision of the Internation al Olympic Committee last Friday that the Nationalist Chinese could not continue to represent mainland China. The committee said an ap plication from the Nationalists for recognition as the team from Formosa would be con sidered. The United States and Russia voted with the 33 19 majority. The State. Department de nounced the - IOC action as being dictated by "Commu nist pressure." House sponsors of the funds prohibition said the IOC vote amounted to expulsion of Na tionalist China. They tacked their proposal' to the defense money bill approved Wednes-. day. About '600,000 acres of In dian lands in the U. S. were under lease for oil and gas rights in the early 1950's. There are about 1,000 spec ies, of cactus growing in dry or desert aijeas. Thfi-e are more than" 2,200 parks in the United States. States. , Sonata Organ Makes Family Hit Mrs. Mary Watkins has had as her guest her granddaugh- A nev, $b-tt!ffc orjtri it being introduced at Purucker Music House, 1Mb otn Central, in beautiful mahogany finish. h ftQfkfice oitnf instrument is$89.95. The music men Say, "It'e idMAe ttstjour entire fnily talents and perhaps wi it t e afeyyinf ftone to a larger instrument with full totfe-iA lkinc." Call SP 2-5702 or 2-4146 for more infhametion A.flv. iur First on Over a Year - 'REALLY M mi lo) 1 Open Monday Evening Loads of Classics ..... . . . . v ' Sacred Jazz, Etc. iry3fff o on . Over '3 of our Hi-Fi Stock Goes on Sale Table! Artists such as P Mantoyjni o Bing Crosby o Tennessee Ernie o Jackie Gfeason Pat Boone Guy Lombardo Bill Haley Many, many others KSfflS i ...... JrtsMBia IhitadMW AWDlrim Wol irWim bWafaKr IriMWeldUW Xmm ecu SIC HO RECORD CITY III N. Central Ph. SP 2-5702 ANOTHER SHIPMENT OF- RCA 45 PII0I10GMIS Res 34.C5 While o They Las! S.J95
