Medford mail tribune. (Medford, Or.) 1909-1989, August 07, 1959, Image 5

Historic Oregon Newspapers

Medford mail tribune., August 07, 1959, Image 5

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Newspaper Page Textj Thcyll Do It Every Time By Jimmy Hatlo - . VEPy 600D FOR A TRIAL. Vf ,A J D40BURNIT INSISTS OH THE W'SS&TSSS J TO WHOLE FAMILVLEABN.N5HOIVTO V. ( 3SpK- OPERATE ALL THE EQUIPMENT WS , TTZZZZf BODV-'-' NOBOOV GETS H y04 THIS CAB UNLESS I'M ? HowEfeR, LET THE MISSUS iW&.&i DR1VIN& -THIS IS A I DO 1UNIOD WANT TO DRIVE JtalFl COMPUCATED MECHANISM. g "ETHIN& . Over-The-Counter ''--"- Its 20th Annive rsary . By ELMEH C. WALZER . UPI Financial Editor , New York - (CPU - Twenty candles burn today on the biggest cake in the world. That cake is the giant over-the-counter market. The can- 1 ft dies stand for the 20th birth day of the Na tional Associa tion of Secur v 4 ities Dealers $ j-which makes and regulates f that market. When you get right down to cases there no counter and no market as we know these terms. You dont walk into a "store," lay down $160,000 and say "give me 10 shares of Christiana securities" and have the clerk take a 10-share certificate from a rack and put it into an envelope for you. And you don't find a big market place like the New York Stock Exchange with its maze of trading posts, ticker system, quotation boards, and so on. ..-,- ' What this overwhelmingly large market rally is is the unlisted securities "market" with the market in quotation marks for this explanation. It is a composite of many mar kets all over the U.S.A. - little markets and big ones. - Early Fears ' When the 2,616 broker-deal ers joined up 20 years ago to form the National Associa tion of Securities Dealers, they did a little collective shiver ing in their boots. They were to operate and regulate an un organized market for tens of thousands of securities and they were bound to regulate themselves in the bargain. - Today they boast of their Not only does' a Cadillac cost no more than many models of other makes but it often costs less when you consider the many important features included in its basic price. And just as a Cadillac is unrivaled in its original value so it has no peer in value retained over the years. In light of these extraordinary facts, we invite you to visit your Cadillac dealer to learn how that Cadillac in your heart can become a Cadillac in your life. m Market Has - - . gamble and say they're glad they did it. Their member ship has grown to 4,000, and these employ 75,000 salesmen. No one ever has calculated to a nicety the .value of all the unlisted securities handled by the association. It's much big ger than the $300 billion in stocks . and . $110 billion, in bonds listed on the New York Stock Exchange. It includes the $15 billion of mutual funds, the $280 billion of gov ernment securities, billions in railroad equipment trust cer tificates bank stocks in bil lions more, insurance issues, and just dozens of scores of corporate issues, big and small. . Of the more than half mil lion corporations in the na tion, the public is estimated Hurricane Passes Over Hawaiian Isle Honolulu, Hawaii - (DPD - Hurricane Dot passed directly over the Havaiian island of Kauai early today, buffeting the island with 60-mile-an-hour winds'and heavy rain. Civil defense officials said the eye of the storm had now passed the island. They said a theater and plantation ga rage were blown down in the town of Kealia. Buildings and houses in Kapaa were also se riously damaged. No casualties or serious in juries were reported. They said the storm did ex tensive damage throughout the island, mostly to homes. They said it would be days before normal traffic patterns could be established again be cause of the debris-littered highways and roads. VISIT' TOUR LOCAL AUTHORIZED CADILLAC DEALER Today to hold stock in about 10 per cent or 50,000. About six per cent of these companies are listed on stock exchanges-the remainder trade over-the- counter. In addition to guiding the destinies of its big market, members of the NASD sell and make a market for new securities. In the first half of 1959 they sold 477 new secur ity issues valued at $3.5 bil lion. v . .. Ktep Public Informed Another job which these dealers cut out for themselves has been the gathering of quo tations to make their "mar ket" workable. They publish "pink sheets" quoting as many as 10,000 securities. It has been estimated this is about one-tenth of the whole over-the-counter market. They furnish the daily press with hundreds of the popular quo tations broken down section ally. Bond business is one of the chief operations of the NASD. In addition to the intricate U. S. government market, they make the market for municipal issues. Bond trad ing over-the-counter is very large even though one may get the impression from the' ap parent popularity of - stocks these days that bonds are im possible to. sell. There are markets for all kinds of specialized securities and the NASD members know these markets and provide them with the issues they de mand. Thus the functions of the NASD members include act ing as brokers, as dealers, as underwriters, as gatherers of quotations, and of regulating its members. And here the taxpayer gets a saving. The members pay for their own regulating. . Its Price . . . will say "Yes" to your heart! SKINNER-BUICK-CADILLAC 143 SOUTH RIVERSIDE MEDFORD, ORE. Try and -By BENNETT CEKF- A SUDDEN FLURRY in. a cheap mhung stock spurred buy ing orders from. aiL over the Wall Street district and the price shot up from 20 cents a share to 80. Rumors reported the move was powered by "in- , Bg it was. Doctors appeared suddenly and gently led the fellow who bad bought the first 10,000 shares "at the market? back to the mental institution from which be bad escaped. When Gene Sarazen playing serious golf, be I thinks of nothing else. At a ciUDnouse dinner recently, be overheard a TV quiz panelist say, "I think Magel lan went around the world in 1520 or 1521." "That's not too bad," conceded SamMtl "when you consider the length 0 the course." Texas o3 zfllionain I in the sews again. Be Jrtst bongfct Jus wife a cleaning establishment; Las Vegas. Safety sign; "Drive earefoBy: many aa sage! bad the rigtat of way!" e EM. hr Benett Cart Watilmtri hr Kin Temts SyKfieata, -. r London Bobbies Guard Guards at Buckingham London-fllTO-London bob bies guarded the guards at Buckingham Palace today. It was the latest move to protect the high-stepping, red-coated, bearskin-hatted guardsmen from an invad ing army of summer tour ists. British citizens, mean while, called, for even stronger measures, such as fencing the guards in or the tour:st out so they can no longer be "pushed, prodded, and humiliated" by crowds that come to see them strut between posts in ront of the Queen's Lon don residence. The guardsmen always have been plagued with giggling, snickering, .cam-' era-clicking tourists. By tra dition they can offer no defense but must stand, sphinx-like and unsmiling, even when someone sticks his tongue out at tfcem or sidles up along side of them to pose for a snapshot. This year, however, has been especially rough on the guards and they have shown .the wear and tear. ' One recently was confined to barracks for kicking an American woman tourist who giggled at him. . Announcement! WILLIAM H. S El BERT Architect Now Located at . . . CENTURY BUILDING ROOM 77 843 East Main ' Phone SP 2-5180 Stop Me Thirty policemen, four of them mounted, were dis patched to the palace Thurs day to keep-the peace. They were told to stick around until the tourist rush is over. "Pushed, prodded, hu-miliated-why should our soldiers have to put up with this kind of treatment?" the Daily Sketch asked in an editorial today. "Guards are not there to amuse visitors ... after what happened to one whose boot got in the way of an American mom, they have to watch their step literally." "We must put a stop to these shameful scenes." Man Burns to Death In Myrtle Creek Home Roseburg - WPD - A 66-year-old man burned to death last Wednesday in a fire which de stroyed his home about two miles east of Myrtle Creek in southern Douglas county. The victim was Henry Al fred Smith. The fire was discovered about 6 p.m. About 75 million persons eat meals away from home every day. Ghos! Town Holds Cave ' Junction-Some 1,200 guests "joined in the . fun and merry-making last week end when the Kerbyville Ghost Town celebrated its Centen nial Frontier Days. Several two-act Western melodramas staged by the Gun Slingers, hayrides under the direction of Pat and Jim London, street dancing to the music of the Oregon Ramblers and the exhibition by Jack Wilson's four Wonder Fight ers were the highlights of the full program of entertain ment offered Saturday. AND SILVER DOLLAR STAMPS GARMENT BAG Quilted Jumbo Plastic Holds up to 15 Garments CHIFFON FACIAL TISSUES BOXES i 200's 50c W : lnehM Reduce and Control Weight W L E E N take orir Q&E capsde a iarAmi, is afi LEEN" Tined integratioii capsules ase mJS. regg taring, and- taken in lite morning 3 provide a smooth, eniform appetite -suppressant effect lasting tbnmghovt the dar ... tkjoU eat less . . . aad less iood means ewer ponds ... makes reducing and weight easier tbaa yam mix dreawed poesbie. Try it today. ELECTRIC FANS S Inch Stationary $5.49 10 Inch Oscillating $10.95 12. Inch Oscillating $17.88 10 Inch Oscillating with rubber blades $17.88 Frontier Event Gun Slinger Dave Pruess, whose , ability to draw and shoot in 11800 of a second has gained him the reputation of being the fastest draw in the Northwest, staged a target shooting exhibition. 'Entries in the old-time fid dler's contest were Lee Sowell with Nevin Brown on the guitar; Guy Handy, Grants Pass, with banjo playing Mrs. Loree Ford, Rogue River; Bud Garrison, Merlin, with Al Farnsworth of Rogue River. Steve Stevens, Medford with his cap and ball rifle range $2.50 PERFUMETTES Perfume Stick Outlasts Liquids Two Romantic' Fragrances $1.25 $2.75 HUDNUT, SPRAY ESSENCES Gemey RSYP YOUR CHOICE $1.49 Formerly $1.25 3 CUTEX LIPSTICKS In Plastic Case 49c $2.00 Lustre Creme SHAMPOO low. 11 $1.59 LANOLIN PLUS LIQUID- erases dry skin. BOTH FOR- HAVE A SLIM-LINE for SWIM-TIME only ONE A DAY HELPS EXTRA POUNDS AWAY 30-day supply . . .3s5 60-day supply . . . 6 Add Federal Excise Tax en rV 'S!lu$iXMDWXl)S ORIGINAL ?XCE was also favorite attraction. The ceremonial Indian Dancers of Grants Pass per formed as the Watanda In dian Tribe. Jumbo WORKMEN'S LUNCH KIT Vs Pt. Vacuum Bottle $3.98 Regular Size with Pint Bottle $2.39 ALBERTO to GROOM and ' CONDITION your hair Wonderful way to apply. Just spray, comb ....that's all! No greasy coating ! M5 Great New Formula pJus tax in Concentrated Tube Form, tool plot I PLASTIC AIR H pyn IS SLEEPING BAG Regular, $2.39 - With Pillow ..... $3.49 STATION WAGON SIZE $6.88 PICNIC JUGS By Amsricsn Thames ICY-HOT JUGS $2.88 Up CHESTS $7.95 to $17.95 GENUINE THERMOS JUGS $5.95 to $9.95 CHESTS $14.95 to $23.95 GUARANTEED ALARM CLOCK $1.98 POCKET WATCH $1.93 YOUR CHOICE Film Developing & Printing FAST TOP QUALITY LOCAL SERVICE In by 10 -Out by 4:30 Regular Prices FLASH BULBS-10 M2 (Midget) 75c-12 No. 5, 98c Taxable Merchandise BOT0O MAIL TRIBUNE, M.dforJ, Or. C Friday, August 7, 1959 Katmai national monument, 2,697,590 of virgin Alaska wil derness, is largest of its kind. The Very Best! nider9s Quality DAIRY FOODS FRUIT PACKERS SUPPLIES Q o Blue Cuff Gloves ; Pr. 35c, 2 for 69c DOZEN $3.98 o Siring Gloves Pr. 30c, 2 ,or 59c DOZEN $3.39 o Packing riccdle Cooner l AO - Doable. o Adhesive Tape White Cross 1-inchxlO-yd White Cross m tm H3r Regular 59c a Pair NOW 39c O FINGER COTS Red 8c 3 for 20c Black 9c ...... 3 for 25c WRIST BANDS Elastic 44e . Leather Single strap ...... 33c Double strap .... 39c ELASTOPLAST Sticks Only to Itself 1 inch ... 75e 95c 2 inch ....... PRO-TEK HAND CREAM by Du Pont ' 4-oi. (8 fluid oz.).. HAND LOTION Buti-prize Pint ... 49c 49c MATTRESS OUTING JUGS l'a-DAY SERVICE Standard 8-Exposure Roll CONTACT OOrf OR JUMBO OVV Free Delivery in Medford artZ&)( N. CENTRAL OlAk 3