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
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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-
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While
o
They Las!
S.J95