j 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