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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 26, 1959)
e O MAIL TRIBUNE, Medford, Or. ' Friday, June 26, 1959 Grange News Lake Creek Grange Due to the busy season of haying and cattle riding, a small crowd was present for the June meeting of Lake Creek Grange. A potluck sup per was held before the open- ing of Grange. The last dance was enjoyed and is .the final one for the summer months. The monies will be used toward a new roof for the hall. The hall was constructed by community help in 1933. Master Merton Bradshaw appointed a com mittee composed of Murray Bartling, Ernest Burrell and Bob Gilkey to find the cost of a rolled-roofing covering. Bob Gilkey reported on a bill in Congress which will unionize migratory farm la bor if passed. A discussion followed on the unemploy ment compensation question which requires more tax be ing paid by the employer and employee. Fire Insurance Agent Mur ray Bartling reported on the new attachment to all car in surance policies which pro tects the car owner if in volved n an accident if the other car owner does not have insurance. The increase in the rate is small. The next meeting of the Grange is July 10 at 8:30 p.m. A new odorless household bleach which can be used on the most delicate fabrics has , been announced. The Canberra area, now the Federal Capital of Aus tralia, was first visited by white men in 1820. Industrial Production Keeps Small Lead Over Stock Market j ..,.1PI if -"VX S i I By ELMER C. WALZER UPI Financial Editor New York -UP&- Industrial production so far this year has risen more than 7 per cent while the stock market gain amounts to around 5 per cent. E a c h h as a new record high. But the industrial en gine still is vigorous Elmer Waizer ' while stocks are tired. ' The experts look for a lull in the third quarter in in dustry followed by a last quarter spurt. With stocks the situation again may be reversed. Many experts see the list spurting to a new record in the third quarter with a setback from the highs in the final three months. The latter course would be in line with Wall Street tra dition for a summer rally. The market men who' ex pect this burst of strength hold that the market recently has benefitted from two things:' 1. A rise to a record high in corporate earnings and a new record rate in dividend payments, moves that have made many stock prices respectable, and 2. The recent lull which has given the market an opportunity to consolidate its gains set earlier. Largest Sales Since 1930 It's been a big half year for stocks - sales the largest for the period since 1930 and a gain of 14 per cent over last year's first half. During this time, prices of all sections except the utility have been lifted moderately to a level far above a year ago. Utilities so far this year are down 6.3 per cent from the 1958 close but they show a gain of 15.3 per cent from June 30, 1958. This group fol lows the money market and a decline is in order when money rates rise. Industrials are up 8.4 per cent compared with Dec. 31, 1958, and up 32.3 per cent compared with June 30, 1958. Rails are up 4.4 per cent and 38.8 per cent respectively. Market volume has been something of a disappoint ment to those who had looked for the list to duplicate its feat of . 1929, the record year. List Dwindles The list started the year at an annual pace of, a billion shares and dwindled to one of around a half billion. The 1929 total - only year in which a billion shares was exceeded - was 1,124,800,410 shares. Turnover so far this year of the giant listings amounts to less than 17 per cent. It was 119 per cent of the 757, 301,677 shares average .list ings for 1929. Listings now run above 5 billion shares. The latest stock exchange count shows them at 5,270,000,000 shares, a rise of 253,000,000 over the 13 . . A. siil Coronet DODGE Lancer Hard Tops rvn STtftK REM TO DELIVER Now Here Is What This Includes 1959 CORONET HARD TOP V-8 ENGINE PADDED DASH PUSH BUTTON DRIVE SOLEX WINDSHIELD (Torque Flite) WHEEL COVERS TORSION-AIRE RIDE ELECTRIC WIPERS TU-TONE PAINT DIRECTION LIGHTS J WHITE WALL TIRES LIGHTER HEATER (Push Button) SAFETY RIM WHEEL DEFROSTER TYREX CORD TIRES BACK-UP LIGHTS 3-YEAR ENAMEL , OUTSIDE MIRROR LICENSE PLATES INSIDE GLARE-PROOF MIRROR FULL NEW-CAR SERVICE AIR FOAM SEAT 1 YEAR'S LUBES FULL OF GAS The ebove is one of many in stock ready to go. NOT A STRIPPED CAR. Not on only at this price. $2988 puts this economy winner in your driveway with equip ment as listed. There is nothing added that's the price. 3 BANK TERM PLANS WITH OR WITHOUT TRADE-IN-ACT NOW Parsons Motors DODGE-PLYMOUTH HEADQUARTERS 315 East 5th Next to Greyhound Phone SP 3-3687 total at the close of 1958. Valuation of all listed shares reached $299 billion on May 29, the day the in dustrial average set its record high. At the end of 1958 the total was $277 billion. This rise of $22 billion, of course, reflects the additional list ings. , It is estimated that values of all listed issues have risen around $55 billion from the level of June 30, 1958. Widest Losses in June The market rose each'month except March and June ex cluding the utilities which lost in all but February and March. Wildest losses were suffered in June. Best gains were made in April. To the casual observer one would conclude that the mar ket was in an enviable posi tion with industry at a record high, consumers spending more than ever, employment rising, and unemployment falling, and Europe prosper ous. The problem which doesn't meet the eye is how much of this high economy has been discounted by the market in advance. The market dis counted the swift rise in business last year and in that respect put the experts to shame. Forecasts Missed The experts missed their forecasts on the timing of the recovery and its speed. Not a few of them have been flabbergasted recently when the statistics have shown new records. They have been quick to jump on the band wagon and now there is a unanimity in the cheers. And that's a bad thing, for in the annals of Wall Street an old market adage often has proved its worth: "When there is una nimity in any group, it's usually wrong." HOLDING vial of live polio vaccine he developed is Dr. Albert B. Sabin of the Uni versity of Cincinnati. Medica tion, taken orally, has immu nized 300 Russian children. Court Records DISTRICT COURT Chester Ernest, overleneth, $15 Billie Le Roy Milton, overheight, S15. Ronald D. Frusn, violation of ba sic rule. $15. Marvin S. Cook, overload. $51. Jimmie D. Drake, overwidth, $15. Al man J. Harvey, failure to make traffic stop, $10. Elvis E. Mitchell, failure to make traffic stop, $10. Leon Michael Forbes, failure to make traffic stop, $10. Jewell Parr, 305 Fifth St., Phoe nix, driving while under the influ ence of intoxicating liquor, $265. James S. Strawn, failure to make traffic stop. $10. Truett J. Martin, no anglinf li cense, $30. Robert C. Beatty, failure to make traffic stop, $10. Mildred P. Cooper, overwidth, $15. Hollis W. Hatten, overload, ' $58. Alfred L. Funs ton, improper turn, $10. Newton J. Loehr, passing with in sufficient clearance, $15. Clifford M. Crosby, failure to stop, $10. Weyburn M. Kenyon, failure to stop. $10. Opal B. Waddell, failure to stop, $10. , - Richard C. Meyer, truck speed ing, $15. Alvin L. Smith, no PUC permit, $15. ... Cermal Cook, overload, $50. CIRCUIT COURT Ada H. Rossi vs. Mick Rossi Sr., divorce complaint. Walter A. McCloud vs. Betty M. McCloud, divorce complaint. MARRIAGE LICENSE APPLICATIONS Alf Liander Peterson, 709 Alder st., and Marion Lucille Anderson, 1187 Morrow rd. Otis Paul Turner, 1327 Morrow rd., and Janet Therres, 2349 High way 66, Ashland. Ireland President Takes Office Oath . Dublin -4UPD- Guns boomed out a salute across the flag bedecked capital Thursday as elder statesman Eamon de Valera took the oath of office as third president of the Irish Republic. It was an historic occasion for Irishmen as they watched a great national leader step out of the political arena and into the nation's highest of fice. The 77-year-old president elect, accompanied by his wife and escorted by an army motorcycle guard of honor, ar rived to the cheers of the crowds lining the route. All religious denominations held special services to cele brate the occasion. LEGAL NOTICES ADVERTISEMENT FOR SEALED BIDS NOTICE IS HEREBY GIVEN THAT SEALED BIDS FOR THE CON STRUCTION of a H Classroom and Cafeteria addition of block ma sonry, concrete and wood construe tion - to Rogue River Elementary acnooi. Rogue River, Oregon, will be received by the Clerk of School District No. 35, Rogue River, Jack son county, uregon, until 8S)0 F.M.. (P.S.T.), July 7, 1959 and then will be publicly opened and read aloud immediately thereafter. Drawings and specifications may be obtained at the office of Jack A. Edson. A. I. A.. Architect. 44 North Front Street, Medford, Ore- fon, upon receipt of a deposit of 25.00.. Deposits will be refunded UDon return oi tne drawings ana specifications in good condition unor to July 15. 1S5S. General contractors will be re- auired to file approved nreaualifi cation forms with the Clerk of School District No. 35, Rogue River, Oregon, ten (10) calendar' days prior to the date of the opening of the mas as required Dy uregon law. Bids are to be unconditional and ihall be accomDanied bv a satisfac torv bid bond in favor of said School District, executed by the bidder and a surety company and in an amount equal to five per cent (5) of tne Dase Did sum. A performance bond equal to one hundred ner cent (100) of the contract sum will be required of the successful bidder. The School Board of District No. 35 reserves the right to reject any and all bids and to waive any and all informalities in the bids. No bid' der may withdraw his bid after the hour set for opening unless the award of the contract is delayed for a period exceeding thirty (30) calendar days. OENEVIEVE DICK Clerk of School District No. 35 Jackson County, Oregon NOTICE NOTICE IS HEREBY GIVEN that M. F. Hoover and Rosalind Hoover, husband and wife, and C. C. Hoover and Elsie Hoover, husband ana wife have filed their duly verified petition with the Board of Directors of the Rogue River Valley Irriga tion District praying that the real property situate in Jackson County, Oregon, described as follows, to-wit: Commencing at the northeast corner of the soutnwest quaner nf Section 22. Townshio 36 Souh. Range 1 West, Willamette Merid ian, jacicson v-oumy, runnins thence West 3161.65 feet; thence South 850 feet to the xinint of -beeinmne: thence con- tinuing South 1021.07 feet; thence East 1421 feet; thence North 1021.07 feet; tnence west feet to the point of beginning. containing 33.31 acres more or less. i Points of delivery to be same as those for the original R-1100 , tract which points are at the Hopkins Canal east of Corey Road in the SE V of Section 22. Town ship 36 South, Range 1 West of the Willamette Meridian, he included in the boundaries of said District. All persons interested in or who may be affected by such change of boundaries of said District, or by the inclusion of said lands in said District, are hereby notified to ap pear at the office of the Board of .Directors 01 saia uisinci, situate at 3139 Merriman Road, Medford, Oregon, in said county on Tuesday, the 7th day of July, 1959 at 10:00 o'clock a.m., and then and there show cause in writing, if any they have, why the change of boundaries of said District as proposed in said petition, and said inclusion should not be made. BOARD OF DIRECTORS ROGUE RIVER VALLEY IRRIGATION DISTRICT By: Harold W. Sexton, Secretary-Manager NO. 10395 NOTICE OF FINAL ACCOUNT IN THE CIRCUIT COURT OF THE STATE OF OREGON FOR THE COUNTY OF JACKSON Probate Department In the Matter of the Estate of. JOHN TJMBS, Deceased Notice is hereby given that the Final Account of Ken McCulloch, as Administrator of the above-named estate, has been filed herein and that 10:00 o'clock a.m. on July 13, 1959, in the courtroom of the above court in the courthouse in Med ford, Oregon, has been appointed as the time and place for hearing objections to such final account and settlement thereof. Dated and first published June 12 1959. Ken McCulloch, Administrator NOTICE OF FINAL SETTLEMENT In the Circuit Court of the State of Oregon for the County of Jack son, Probate Department. In the Matter of the Estate of C. G. Van Valzah, also known as Caryl G. Va Valzah, Deceased, No. 10350. NOTICE IS HEREBY GIVEN that the' undersigned has filed her Final Account as executrix of the above estate with the Circuit Court of said County, and the Court has fixed the 13th day of July, 1959, at the hour of 9:30 A.M.. of said day, and the Circuit Judge's office in the County Courthouse in Medford, Oregon, as the time and place respectively for the hearing of ob jections, if any there be, to the said Final Account, and you are hereby notified to file objections, if any you have, to the said Final Account on or before the .time fixed for bearing. Dated and first published this 12th day of June, 1959. ANNE G. VAN VALZAH, Executrix KENNETH G. DENMAN , Attorney for Executrix Only Trailways Offers I DAYS A WEEK Families save as much as Vz and more. Wife with husband travels one way free? Trailways offers the lowest cost vacation travel in America. Depot: 1 82 No. Front Ph. SP 3-1 853 EXCLUSIVE SHORT ROUTE EAST VIA Crater Lake National Park Employers Get Report Reminder Salem - (UPI) - Employers insured under the Oregon Un employment Compensa tion Law have been reminded that past-due payroll reports and tax payments could, from now on, result in heavier penalties than ever before. The ; State ; Unemployment Compensation Commis s i o n noted that recently passed legislation, has tightened tax collection procedures consid erably. Penalties newly pos sible for delinquent accounts range from small cash for feitures to injunctions against doing business in Oregon. In case of late tax pay ments, the revised law sets an interest charge of one per cent for each month or part month past the due date. This amounts to $1 multi plied by the number, of em ployees on the payroll during each month or part-month in which the required payroll report was not filed. A meteorite is a meteor that has come in contact with the earf?-. , Lodge Motel Bought By Portland Couple Purchase of the Lodge mo tel, 943 South Riverside ave., by Richard W. and Pearl Dor othy Skolfield was learned to day. .. . .. The Skolfields, residents of Portland, are -expected to as sume ownership July 1. The former owners, Mr. and Mrs. Martin Raftery, are confined to a Yreka hospital, where they are recovering from in juries suffered, in an auto ac cident Wednesday while en route from' Medford to Sacramento. ELM LEAF BEETLE . Home owners who re no ticing defoliation on their elm trees no doubt will wat to control the Elm Leaf Beetle immediately. - Where serious these pests cause the tree to lose foliage, and turn brownish; somewhat resembling damage from fire. Since several broods per year cause damage until fall frogfs, spraying is important in con- ' trolling these pests. A.' spray of DDT and malathion U1 control for the remainflgr of the season. 7 : 5 donT need premium- 1 . 1 . ' , J 1 1 I i gasoline any more ! 111 OR 8V6 pj gallon may be israifing fdhl af fills Rorniu for voili 5 t- Try the West's highesf-ocfane regular Is your car among the 4 out of 5 which will give knock free premium performance on Union s New 7600? If it is, you can save up to 4 cents a gallon over premium priced gasolines 1 , , Try it today -a whole tankful, preferably. It's at your Minute Man station-the sign of the 76, where you know you always get The Finest ' Pflwerstf Mcb a premium i o &If your car is the 1 in S vMch. needs an ultra-high octane premium fuel, go with Union's new Royal 76, the West's most powerful premium. Both new Union gasolines contain exclu sive additive NR76, to clean your carburetor chemically, and Tflrinctr fiffg'" mnirtfiwrn-ff ""ahly. UNION OIL COMPANY OF CALIFORNIA
