Stock Splits Seen Heading for New Record
By ELMER C. WALZER
UPI Financial tailor
New York (DPD - Stock splits
are heading for. a new record
high in 1959.
For the first
half, Stand
ard & Poor's
lists 158 split
up s already
authorized by
s h a reholders
with 16 more
waiting ap
proval. fa, t
Elmer Wmlzar
Disappr oval
it would be
is so rare that
safe to add those IS to bring
the total to 174 to date. That
figure beats any full' year
except 1955 when there were
181. Thus we have only tight
to go to get a record.
Aemican Telephone & Tele
graph's thretf-for-one split,
approved by its stockholders
April 15, accelerated the split
ups which also were helped
by a stock market climate of
bullishness seldom witnessed.
The telephone company's
action after years of turning
thumbs down on spiltups,
"took a lot of wind out of the
sails of split opponents," says
the "Exchange," monthly
magazine of the New York
Stock Exchange.
Never Split Before
Telephone never had split
its stock before. And when it
suddenly took Wall Street off
its feet by announcing direct
or approval of a big one, the
speed of splits mounted.
Frederick R- Kappel, presi
dent of American Telephone,
noted in his annual report to
stockholders, that the split
would make a wider market
for shares of the company.
TJae split and an accompany
ing increase in the Telephone
dividend of 10 per cent were
seen as strengthening the
company's position for the
large amounts of capital need
savings for K1
everyone ;
DRASTIC REDUCTIONS . .
LADIES BOUFFONT PETTICOATS Bouffont nylon
All sizes and colors.
50 yd. sweep. $4.95 value
LADIES DRESSES - Spring and early summer styles. Sleeveless
and short sleeve styles. Values to 8.95. S C 88
Sizes 9 to 15, 10 to 20, and 14'a to 2414-1 -
PILLOWS Our regular 1.98 pillows. Crushed feather.
Floral pattern ticking for a cover $144
Special ..:.......... . .. ..
YARDAGE Drip dry cottons, fancy rayons, suitings, embossed
cottons, crinkle crepes and others." Hundreds of yards of fine
materials. .
PRICED TO CLEAR
LADIES PEDAL PUSHERS
All the wanted colors in'
sizes 10 to 20 .
LADIES BATHING SUITS
latest styles for the larger
Sizes 38 to 44. Assorted
LOOP RUGS Colorful loop chenille bath mat rugs.
Non-skid rubberized back.
9 different colors. 1.00 value ...
GIRLS PLAY CLOTHES Shorts, Halters, Pedal Pushers,
Blouses. Sizes 3 to 6X, and
Values to 3.49. Now ..
PEQUOT SHEETS America's best known brand. Single, double
bed, and fitted. Twin and double bed size. Also Pillow Cases
DRASTICALLY REDUCED
LITTLE GIRLS DRESSES
rayons.. Sizes 12 months to
Values to 3.98 ....
tr&?
ed to meet requirements for
telephone service.
Thus the nation's biggest
business enterprise put its
stamp of approval on stock
splits after years of taking an
opposite view. The change,
it is hinted, came when the
.records showed a slipping in
Hhe number of stockholders of
this giant company.
MEDFORD
2nd SECTION
4-H Club
Desert Pegasus
The Desert Pegasus ' held
their regular meeting at the
Eagle Point itigh school July
4 with Harlin Stinson pre
siding. We ..discussed the pre-fair,
the Whiskey Springs trip, and
Mr. Dunn asked how many
wanted to go to Coos Bay July
11. The meeting was then ad
journed until parade time.
Norma Noble, one of our
charter members, was
crowned queen of the day at
ceremonies which preceded
the parade. Our club won first
prize in the Mounted division
of the parade. Second prize in
this division , went to Pegasus
parents, Mr. and Mrs. John
Noble and Mr. ad Mrs.
Greenwood, who rode dressed
in old fashioned clothes. Our
assistant leader's daughters,
Dolores and Alyce Krambeal,
won second in the Kiddies
division.
At the Pegasus sponsored
Play Day which followed
Laura Mae Noble placed first
in the Junior Texas Barrel
race, Dale west took second,
lit
OPEN MONDAY NIGHTS TILL 9:00 P.M.
....
Heavy topsail pedal pushers.
$398
Just arrived. Big new shipment. Very
woman. &T70'5 ;
colors.
7 to 14 Q Q
88 $244
. to
Fancy spring and summer cottons and
3X.
166 to$227
Gmfl
American Telephone holds
the record for stockholders -a
total of 1,630,000 of them.
It wants to hold top place and
took the stock split way to
keep its record, the gossips
assert.
Regarded As Bullish
According to Sandard &
Poor's stock splits usually are
regarded as bullish, even
MEDFORD, OREGON, WEDNESDAY, JULY 8, 1959
News
Regina Krambeal, third, and
Richard Anderson, fourth.
In Senior Barrel Jim Acker
man took first; Jerry Rodgers,
second; Carolyn Hackney,
third; Bennie Sutton, fourth;
and Roy Moore, fifth.
The adult Barrel prizes
went to Jim West, first; John
Noble, second; Vera Mat
thews, third; Ray Chamber
lain, fourth; and George Arn
old, fifth.
In the junior Scurry race
Regina Krambeal took first;
Dale West second; Laura Mae
Noble, third; Richard Ander
son, fourth.
In the Senior Scurry Race,
Bennie Sutton took first;
Carolyn Hackney, second;
Ronnie Anderson, third; Jim
Ackerman, fourth; Jerry
Rodgers, fifth.
In the adult Scurry Race,
John Noble took first; Jim
West, second; Ray Chamber
lain, third; George Arnold,
fourth; and Vern Matthews,
fifth.
In junior Pole Bending,
Dale West took first; Laura
Mae Noble second;
Regina
I BARGAINS
petticoats.
J : "u ll W b Ill UW -
CHILDREN'S
5 to child's
MEN'S SPORT SHIRTS
small and medium only.
1.98 value. Your Choice
argyle and
Sizes lO'i
64
full sized,
Self striped
Slim Jims,
Sizes 6V4 to
though the stockholders equi-
t yis unchanged. The big rea
son for this is the one Ameri
can Telephone give - "The
proportionately reduced price
places the stock within the
reach of a greater number of
investors, leading to greater
activity."
Standard notes that a split
frequently is accompanied by
Year's Pear Crop Can
Up to 3,300,000 boxes of
Bartlett and winter pears can
be held in cold storage in the
Medford district with the ad
dition of recently constructed
facilities, an industry source
reported today v
Four new storage plants
have been added with a com
bined capacity in excess of
200,000 boxes straight storage
or 300,000 boxes during the
full season, with a turnover
from Bartletts to winter pears.
New plants have been con
structed by Nye and Naumes
Packing company, Modoc Or
chards, Del Rio Orchards, and
Krambeal, third; and Richard
Anderson, fourth.
In senior Pole Bending
Jerry Rodgers took first; Ben
nie Suton, second; Ronnie An
derson, third; Jim Ackerman,
fourth; and Carolyn Hackney,
fifth.
In adult Pole Bending Jim
West took first; John. Noble,
second; Norman Stinger,
third; Vern Matthews, fourth;
and Ray Chamberlain, fifth.
GALORE
THONGS Men's, women's and children's thongs. All sizes, all
colors. .' .
Men's and Women's 55c ,
Children's .. ..
LADIES CANVAS SPORT SHOES Reg.
brands. Comes in white, red, tan, navy
Narrow and medium widths
MEN'S WORK SHOES Values to 8.95. Brown 6"
toe work shoes. Cork and rubber soles.
Goodyear welt construction. Sizes 6V2 to
BAREFOOT SANDALS
and red. Broken sizes form infants size
size 13
MEN'S SLACK SOX 49c value. Spun
diamond patterns.
to 13 ...
MEN'S, WHITE HANDKERCHIEFS
white cotton handkerchiefs.
pattern :
MEN'S POPLIN WASH SLACKS
poplin Ivy league slacks. Back buckle.
Sizes 28 to 36 waist '.
MEN'S SWIM TRUNKS Fancy boxer style or reversible styles.
All sizes in stripes, $194 ' $088
plaids, and prints I an
MEN'S STRAW HATS Men's dress straws. Very newest styles
and colors. COA CAfifi
7Vs
...
High During Year
an increase in the cash divi
dend, and splits draw atten
tion to the growth of a com
pany.
Splits come when the stock
market is rising. Candidates,
Standard finds, are, those
stocks in the area of $75 a
share.
More of them come in the
first half of years than in the
Tribune
Pages 1-6
Be Stored Here
Myron Root and company, all
of Medford.
It was stated that a normal
year's crop can now be han
dled within the district with
no need for securing cold
storage space outside of the
area.
Man Pleads Guilty;
Fined $105 in Court
Carl Hogan Blair, 43, of a
Court st. address, received a
$105 fine or 30 days in Jack
son county jail Monday after
pleading guilty to an assault
and battery charge in district
court.
Blair was arrested Monday
afternoon on Front st. after
police received a complaint
from Arthur Winston Moore,
602 Hewitt rd., that Blair had
struck him on the jaw in front
of the Medford Gospel Mis
sion, 33 South Front st.
The world record for the
most rainfall in a single day
is believed to belong to Bag
uio in the Philippines. The
day's total was 45.99 inches.
SAVE NOW!
.... ..... .. .... 45c
3.98 values. Famous name
and black. $088
top, plain
11
$C88
J
Values to 2.98. White
' 44
1
Short sleeved sport shirts in sizes
99
cotton slack sox. Fancy
) 1
W I
15c value. F-irst quality,
Ck4
, Jr
4.95 value. Tan
hi-sheen
.....
$394
and
Here Are Just
A Few of. the
Many Items On
Sale -Now!
COME III
-SEE!
second because many com
panies like to seek stockhold
er approval at the annual
meetings -which generally
come early in the year.
However, special meetings
can do the trick if directors
see fit to suggest a splitup,
and the number of splits could
be large on the basis of high
prices in the market at this
time.
Candidates for Spliiupt
Standard-Poor's lists many
issues as candidates for split
ups, including such companies
as American Machine & Foun
dry, Brunswick Balke, Coca
Cola, Corning Glass, Fire
stone, General Foods, Good
year, Gulf Oil, Ingersoll-Rand
International Salt, Litton Industries,-
Merck, Minneapolis
Honeywell, National Lead,
Motorola, Norwich Pharma
cal, Texaco, Union Carbide,
U.S. Gypsym, U.S. Steel, and
Western Maryland.
Most of the splits so far
this year were 2-f or-1 or 3-f or
1. There were several larger
ones, notably 20-for-l for Inter-county
Title Guaranty and
Mortgage 12-for-l for Gar
den State National Bank of
Teaneck, N.J. Several had
10-for-l splits, including Ang
lo Scandinavian Investment,
Energy Fund and Great West
Saddlery.
Pacific Telephone paid 100
per cent stock dividends in the
first half. These are tanta
mount to 2-for-l splits.
Stock splits have a tend
ency to feed out a bit of stock
to the market which is hungry
for additional shares since
some of the holders . often
elect to sell a few shares after
a stock split.
The Family Council
Editor's Aote: The Family Counci consists. ol a. Judge, s psychiatrist,
three clergymen, a newspaper editor a women's editor and two writers.
Each article is a summary of an actual report. The Family Council does
not give advice; it merely report on pioblems that have been dealt
with by responsible acencier and counselors.
Joan D. We can't afford
to try to get his child. .
Douglas D. Why adopt
somebody else's baby?
Joan D. My husband and
I have a terrible problem that
is plaguing us night and day.
We have been married six
years and have no children
and have been informed that
there is very little hope for
us. Of course, we are quite
unhappy about this. I would
like to see about adopting a
child, but my hubsand has
other ideas.
You see, two years before
we married he had an illegit
imate child. The boy's mother
was a Europeon girL and he
left her to marry me as we
were practically engaged at
the time. He wants to get this
child and believes that the
child's mother, who has since
married and has children by
her husband, would like to
have this boy brought up as
an American. I don't think
she would ever consent and we
can't afford all the expense
involved in trying to get this
child.
. Douglas D. Why should we
go out and adopt somebody
else's baby when I could have
my own child? It just doesn't
make sense.
I have good reason to be
lieve that my child's mother
would like to, be rid of him.
Twice after I came back home
she got in touch with me ask
ing me to take him because
the man she wanted to marry
didn't want the child. I told
her it was impossible because
at that time I Had not yet
told Joan about all of this.
I am sure my son must be
a very unhappy boy living
with someone who doesn't
want him. I was only a kid of
19 when this boy was born
and I was so frightened and
mixed up I don't know what
I was doing, but now I under
stand what it meant to have
a son. I don't care if we have
to go up to our ears in debt
o get the boy. We can do so
much more for him than his
mother.
,
The Council: Douglas seems
to have a strong streak of
cruelty in him or possibly a
simple selfishness that com
pletely blinds him to the feel
ings and needs of others.
He deserted a mother and
baby when they needed him
most and he would now tear
them apart because it suits his
desires of the moment. Nor
does he give the slightest con
sideration to the feelings of a
wife who might possibly be
a little sore on the issue of
her childlessness.
Douglas may or may not be
aware of the fact that his big
interest in his lost child at
this time appears to be a state
Vehicle Safety Code
Hearing Scheduled
A public hearing to discuss
a proposed safety code for ve
hicles used to transport work
ers to and from work will be
held in Medford at the court
house auditorium Tuesday,
July 14.
The hearing will begin at
9 ajn. and will be conducted
by Vern L. Hill, director of
the Oregon department of mo
tor vehicles.
A tentative draft of the
code, which contains stand
ards for safe operation of
such, vehicles, is now avail
able upon request to the de
partment. The draft has been
developed with the coopera
tion of the state . industrial
accident commission.
The 1959 legislature enact
ed the measure calling for the
department to establish a safe
ty code for vehicles used to
transport workers. It was an
outgrowth of an interim com
mittee study on migratory
labor.
Other meetings scheduled
in connection with the code
are in Redmond, Pendleton,
Hood River, Ontario, Klam
ath Falls and Eugene.
COSMIC CONFAB OPENS
Moscow (DPD - A 26-nation
conference on cosmic rays
opened here yesterday with
statemnts by Russian, Ameri
can and Japense scientists.
Dmitry Skobeltsyn, a member
of the Soviet Academy of Sci
ences, called advancements
from cosmic ray research "the
decisive influence in the
amazing progress of nuclear
physics over the past few
decades."
ment to himself, his wife and
to others that he is not the
responsible party in their fail
ure to have children. This is
not necessarily the case, but
it is an easy assumption for
others, and Douglas may want
to play it for what it is worth.
What to do? It is certainly
difficult to decide. The boy
should certainly not be foist
ed on Joan if she doesn't want
him and she should speak up
strongly on this score. How
ever, it is Douglas' moral re
sponsibility to try. to find out
what has become of his son.
The boy may have found a
very satisfactory home by
now, but if he hasn't Douglas
ought to do something about
providing a better life for him.
When and if Douglas learns
to love unselfishly he will
know that he can give richly
to "somebody else's baby" and.
that unless he can love un
selfishly there is little of real
value he can give his own boy.
(Copyright 1959
General Features Corp.)
Afrikaans Letter
Is Disappointment
Philadelphia (DPD What
would you do if you received
a letter in Afrikaans?
A Philadelphia woman did
and, naturally, she couldn't
read it, nor could anyone else
she knew.
So the woman turned to the
translation department o f
Philadelphia's Foreign Trade
Bureau, a little-known organ
ization whose main job is to
assist business firms that are
involved in foreign trade. One
translator, for example, once
worked three months on a
200-page technical manual in
Spanish for an oil firm in
Pittsburgh.
James R. Ballantine, man
ager of the Foreign Trade Bu
reau, ' said that much of the
translation work is handled
by members of the depart
ment staff but some has to be
farmed out.
That's what happened to
the letter in Afrikaans receiv
ed by the Philadelphia wom
an, who thought it might have
announced an inheritance. It
turned out to be a plea for
funds.
TV FRENCH LESSONS
Boston - (UPD - Nearly 60,-
000 Massachusetts elementary
school pupils will take part
in a tnree-year pioneer tele
vision course in French be
ginning in September. The
Massachusetts Executive Com
mittee for School Television
said the French series will
later be filmed for national
distribution. Two 15-minute
lessons will be viewed each
week by children in the lower
grades.
MEDFORD PAINT
and
Wallpaper Store
6th & Holly Diagonally
Across from Post Office
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