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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 6, 1959)
6. MAIL TRIBUNE, Medford, Or. Monday, July 6, 1959 1 ifn ; yip SENTENCED Fred G. Da vis, a Georgia-born Marine, has been sentenced by a beaufort, S. C, court to die for raping a Negro woman. If the sentence is carried oct, Davis wffl be the first white man to die for raping a Negro in U. S, court history. Excellent Reading in Corporation Reports For Second Quarter Seen by Wall Street Bt ELMER WALZER UPI Financial Editor New York (OPD-Wall Street is looking for some excellent reading in the corporation re ports for the second quar ter which soon will be mak ing their ap pearance. These re ports will re- flect record high produc tion for the nation as a means general U I If S7 'J -.., , M Si Jzer Elmer Wi whole which business operating at its best levels in history. Full recovery from the re cession of 1957-1958 was ac complished earlier this year and new highs have been set since then in many lines. The recovery is continuing al though most of the experts look for the usual summer lull. A new spurt ahead is foreseen for the fourth quar- you can get the life insurance you need even if you become uninsurable. With The Travelers Guaranteed Insurability Plan, no matter what happens to your health even if you become uninsurable later on you can still buy up to $60,000 more life insurance for your family. For Details See.'. . , I n i WW I Independent W J AGENT ft DON STATIIOS, INSUROR Professional Insurance Protection 220 South Central - Medford PHONE SP 2-2677 representing THE TRAVELERS, Hartford, Connecticut ter, making 1959 the best year in our economic history. New Incentives , . Market men anticipate that the gains to be shown in the second quarter corporation re ports will be of sufficient scope to give the stock mar ket new incentives to speed up its summer rally which has been generating for some time. Higher earnings are chang ing the price-earnings ratios and making them look more in line with historic levels than they have been. Higher earnings for corpo rations will mean higher earn ings for employees, higher dividends for stockholders, and increased expenditures for plant rehabilitation and expansion. High Personal Income , Also there'll be a new rec ord in gross national product which will simmer down to record high personal income, and record high disposable in come. The end isn't in sight. Econ omists for Keystone Funds' $460 million investment man agement organization predict an eight per cent rise in gross national product at the end of 1959, . plus record highs for such items as industrial pro ductions, corporate profits and dividends, and personal in come. Optimism continues because all signs point to a continua tion of the upward phase of a normal business cycle that started from a low point in the first quarter of 1958," says Andrew P. Ferretti, economist for Keystone. He says the up ward phase should continue into 1960. Best Christmas Season Ferretti sees the best Christ mas season on record in pros pect for retailers, because per sonal income is expected , to show an after-tax gain of some $25 billion. Americans will have about $8 billion more discretionary income than they had last year, he adds. This economist believes con sumer durable goods, indus tries will be the principal ben eficiaries of increased spend ing, with consumer outlays in this general area up 20 per cent. He says this will include not only furniture, appliances and automobiles, but also the myriad new items which are sensitive to changes in discre tionary income - travel, sum mer and winter vacations, pic nic equipment, boats, swim ming pools, and the like. Sales of automobiles, which already have shown consider able improvement, should be up substantially in the first quarter of I960, perhaps as much as 30 per cent over the early months of this year, he holds. There are some cross cur rents right now as industry had expected. There has been some slackening in construc tion, slower demand and sag ging prices for copper, weak ness in plywood quotations. The foregoing are pointed out by Standard & Poor's which finds the economy just now is producing more than it is consuming-another way of saying inventories are be ing built up. Standard says the rate of accumulation is no greater than is justified, or even re quired, by the rising trend of activity, and the ratio of inventories to sales remains highly conservative. Around 30 Per Cent Gain Standard & Poor's estimates that the 1959 gain in corpo rate profits will be around 30 per cent or more; in dividends, close to 15 per cent. The firm estimates profits on its index of 425 industrial stocks at $3.85 a share against 1958's $2.95; for dividends, $2.10 against $1.88. The fourth quarter annual-rate levels should be around 4 for earn ings, $2.30 for dividends, it holds. On this basis, the firm notes, the current price-earnings ratio is 15.9 while the yield is 3.4; per cent. "Thus," it adde, "valuations are not extreme, especially when al lowance is made for inflation and the market's basically al tered supply-d e m a n d balance." Theyll Do It Every Time l. By Jimmy Hatlo PLUVIUS BRIMSTONE EMPLOYED 12,000 MEM BUT PEW EVER SAW HIM HE Believed in delegating AUTHORnv- i repeat xam not INTERESTED IN PETTY ' details' that's youR JOB.' HIRE GOOD MEN AND FIRE THE MISFITS.' ALLXU INTERESTED IN IS RESULTS THAT I ALL, GENTLEMEN-, YOU MAV&OJt HE'S DRIVING US BERSEQKOjltS ONLY A QUES TION OF WHO QUITS FIRST- THE GARDENER OR ME VHaZA W HAROOMPH-BHUNO- V f VWRE PUTTING THE 1 til ijlH I PETUNIAS TOO CLOSE TO-1 ffk II LBS2-fHn MOWER SOUNDS LIKE IT tit. Ill II I I' I IAI II I H r Tl I . m.. . . . 1 a... Alw III ENTeoiCL'PNEJcFfl It faAtt N6w HE'S RETIRED-WITH ONLY ONE MAN UNDER HIM-ANO HE'S ON THE POOR GUY'S BACK DAWN TO DUSk i 1 CW2U- i Count your savings in DOLLARS . . not pennies with your own HOME FOOD FREEZER Facts and figures (from independent university research) prove that the average family of four can save ap proximately $200 a year on food bills with the proper use of a home food freezer.' FREE.. . For delicious freezer recipes and complete information on how to save the most with your freezer, write the CalOre Electrical League, Box 231, Medford . . . and ask for your free copy of Bev Lyons' "FREEZER-LEISU RE Tips on How, What, and When to Freeze." SEE YOUR CALOZ ELECTRICAL LEAGUE DEALER He will be glad fo help you pick the right lilt frttzer for your family and set up your own freezer plan to give your family the best meals ai yecr 'round at the lowest prices. LIVI M TTM I I Missing JP's Check Honored Gold Beach-dlPC-The case of a missing justice 'of the peace took a new turn here Friday. Justice William E. Fuller, Gold Beach lawyer, disap peared Tuesday and then state auditors found a shortage of $5,900 in his accounts. It was learned that 'Fuller had sent a check for that amount to the Curry county treasurer just before he van ished, but the check did not clear the "bank. Friday the check was tend ered to the bank a second time, and honored. The first time the check went throughthe bank, there were not sufficient funds to cover it, according to First National Bank branch man ager Ted Roberts. Friday morning, however, Curry County Treasurer Ber nard I. Mather presented the check a second time. He said he was not at "liberty to di vulge" the persons who made the deposit. BOYS FELL OFFICES New York-DPD-A young po liceman was seriously injured Sunday by four boys he ap proached as they were setting a grass fire in a Queens field. Police said the youths pulled back a branch of a tree and let it go, when the officer, Patrolman Michael Dunn, came in range. He was struck on the forehead, knocked un conscious and hospitalized with a cerebral concussion. The boys escaped. PAN-AM TO FLY NIXON Sydney, Australia-UPD-Pan American airways has made plans to fly U.S. Vice Presi dent Richard M. Nixon non stop from Washington to Mos cow later this month in a new jet airliner,, a company spokesman said today. Nixon has accepted an invitation to make the trip in the first inter-continental Boeing jet lin er to be delivered to Pan American, the spokesman said. QUICK WORK Bennington, Vt.-(DPD-It took the Ben-Mont Paper Co. only a few minutes to erect a new building. The 120-foot-long structure was made of heavy gauge nylon and was blown up with a powerful fan. STEAMING PAST DETROIT en route to Chicago is heavy cruiser USS Macon, first armed American warship to cruise up Detroit River since War of 1812. RUMOR' MONGER Offutt Air Force Base, Neb. (UPD-When the Strategic Air Command was conducting a contest to choose a name for its new B-70 bomber, one air man suggested "Rumor." Rea son, he said, was that "rumors fly faster than anything else." The B-70 later was officially designated as the "Valkyrie." PRACTICE MAKES PERFECT Quincy, Mass (UPD - Every day, 90-year-old Charles G. Chilsdedt practices for half an hour on his baritone horn, just as he did 65 years ago when he began playing with the Quincy Scotch Band. mm features . . . Juicy, tender "U.S. CHOICE" irs tenuous WITH C009 umo murt Saftway Pet Roast has an extra-grand flavor because it has been "scientifically aged" in our temperature-humidity eon trolled aging rooms in our modern meat warehouse. MEATY, BLADE CUT ROAST Per Pound 7-Bone Roast lb. 49c CORNED BEEF Safeway't own "USDA CHOICE" boneless beef brisket. It's carefully trimmed of all excess fat and waste and cry-o-vac wrapped. GROUND BEEF Lean beef with just enough fat added for maximum flavor. It doesn't cook away. 3-lb. Pkg. 01 lb. $1.45 BEEF SAUSAGE "US CHOICE" beef with- delicate- season ings.: Here's a flavor ful taste treat. 1-lb. roll 39' Mixes II Cake IJBaby Food H Spaghetti- Reg. 35c Pillsbury brand Orange, white, choc, fudg Golden yellow, spice, caramel, and pineapple. $1100 Gerber's. Save on all strained varieties of fruits and vegetables. Famous Franco-American brand. You'll enjoy the hearty rich tomato-cheese sauce. Just heat 'n serve. 4'-OZ. cans 15V2-oz. cans S00 $1100 4 i:T. 89c Orange Juice frozen concentrate Jell-well Gelatins fLdhelSfiavorS 4 S&.29C Mixed Vegetables 530"""' "kg?" 2 1 c Slenderway Bread iTSST Mrs. Wright's Bread VwSit Lucerne 3.8 Milk "Bonus quality" Half and Half 7"? Gal-Ore Wines SSL 69c Pirvralloe Camels, Luckies, UlgareiieS Chesterfields Pints MQr 25 for , Pints 7Kft 25 for IwC Quarts CQm 25 for w3C Quarts QO,,, 25 for OC 28c loaf 31 C w gai. 47c quart 50C Reg. size CI QC carton Kordile Bags Kordite Boxes Jelly Glasses Gerto Pectin SL'SSU. MGP or Sure Jell Pectin Paraowax jeify glasses Safeway Natural Cheese Monterey Jack Mild Cheddar Approx. 20-oz. pkg. Packed in an air-tight, wrapper to insure grand flavor, dozen fi-oz. btl. 2 Pki. lb. Pic. 87c 29c 29c 29c Potatoes Here's a special LOW price on U.S. No. 1 White Rose potatoes 1 059 AIIAIinvLAMA Firm, smooth skinned, crisp 'n crunchy. UUUUIIIUCId Perfect for slicing. ITvaaU AamN Large well filled ears of plump, tender. r I COII VUIII golden kernels. Yellow Onions ZL" Sunkist Lemons '.Sr. Radishes - Onions each ear lb. each bun. Filled Cookies Hne Tuna Pet Food Nine Lives Margarine Farkay brand Mother's Oats ckt, lib. pkgr. 49c 3 29c lb. ctn. 29C 42-os. pkr. 57c DRESSING Kraft French 8 -ox. btl. 25 Prices in this advertis. manr art ffctiv through Wednesday, July t at Safeway in Med ford. We reserve the right to limit. No sales to dealers. DETERGENT Liquid Trend 12-oz. Cans 59'
