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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 20, 1959)
TIiuriy, Au9. 20, 1939 B MAIL TRIBUNE, Medferd, Or. Mutual Fund Holders Retain Stock During Market Decline if 3 J By ELMER C. WALZER UPI Financial Editor New York (LTD - Holders of mutuaL.funds hold on to their stock during a market decline and so do the small inves tors, statistics recently pro- d u c e d indi cate. As a matter of record there is more buying than selling of mu- Ekner waiier tuals during a market decline. In the 13.2 per cent decline of May-October 1946 the vai up of mutual fund shares bought amounted to $98,800,- nno while volume of snares redeemed totaled $33,700,000 In the 5-6 per cent dip of January-June 1949 purchases amounted to $133 million and redemptions to $24,700,000. When the Korean War broke out in the week ending June 30, 1950, the market fell 6 9 Der cent. At that time pur- . 1 nases were as rpdemntions $8,200,000, al most a standoff. There was some rea1 buying 1 the period April to Sep--ember. 1953 when the mar ket declined only 5.7 per cent At that time purchases of mu tual funds soared to $228,400,' 000 against redemptions of .$69,200,000. I Old Story ! It has been that way right alone, more purchases than I redemptions in a market de cline. People in Wall Street ' outside the mutual fund group hold that small traders often sell in diseust and decide to Fturn over their market busi ness to the professionals. Not too many small invest- t tors in the market dump their holdings either. f Keith Funston, president of Matschiner New Animal Industry Division Head Salem - The appointment of Henry A. Matschiner as assistant to the chief of the , division of animal industry, State Department of Agricul ture, was announced Friday by Fred Pope, division head. Matschiner entered the De partment in February, 1954, as a livestock theft investi- : gator In central Oregon. In 1957 he was named super visor of the livestock theft prevention program and has, since 1958, been one of three supervising livestock officers. An Oregon state police of ficer for six years, Matschin er's background also includes four years with the U. S. Ma rine Corps in the South Pa cific during World War II and in Korea. He attended Multnomah college, Portland. Chief Pope said that until further adjustments are made, Matschiner will continue to supervise the brand inspec tion program along with his new duties. S or vice To Industry The livestock theft preven tion program is a service to the industry for the preven-H tion of livestock theft, em bracing brand inspection, brand recording, theft inves tigation, estray supervision, and livestock impoundment. Combined, these programs in clude supervision of eleven district livestock officers, 33 full-time brand inspectors, 8 part - time brand inspectors, and partial supervision of 63 lay meat inspectors carrying on brand inspection work at slaughter plants. In addition to services men tioned, the Department's di vision of animal industry has a broad range of functions that entail: livestock disease control; licensing and sanita tion inspections of auction saleyards, rendering plants, slaughterhouses and other meat dealers, garbage feeding establishments; coopera t i v e Bang's and TB programs, in cluding federal - state brucel losis laboratory; Oregon poul try and turkey improvement programs; cooperative preda tory animal control; full-time meat inspection; voluntary . poultry inspection, and other services. - Married, and the father of three children, Matschiner and family reside at 3300 Crawford Avenue, S. E. Salem. NEWCOMER Des Moines. Iowa (CPD Bankers Life Co. has become the nation's 17th insurance company to boast total assets of one billion dollars. Found ed in 1879, Bankers Life is the only insurance company west of the Mississippi to reach the billion dollar figure. It has 1,200,000 policyholders. the New York Stock Ex change, quotes one of them Philip Miller an industrial su pervisor in Aurora, 111.: "We re investing for the long term, and not for any overnight profits. So why would we worry about the dav-to-dav uds and downs of the market, anyway." Investors in mutual funds are mature people. Those who purchase mutuals in lump sums average 55 years of age with a family income of $6, 542 a year, hold mutuals val ued at $4,171 and corporate stocks directly at a value of PCA Loans Made To Farmers Rise In Total Volume Farmer and rancher own ers of the So. Oregon Pro duction Credit Association used $1,761,120.84 of short and intermediate-term credit from their association during the first six months of 1959. Irvin Patten, secretary treasurer of the association, reports that this loan vol ume represended an increase of $333,919.57 over the cor responding period a year ago. The money was used for the purpose of seed, feed, fertil izers, equipment, livestock, building improvements and other items connected with farm and ranch operations. Owned and operated by its member-borrows in Jackson, Josephine, Coos, Douglas, and Curry counties, the associa tion has extended $40,790, 576.24 in credit since its org anization in 1934. It now has $249,667.50 .in member-owned capital and $236,538.24 in accumulated earnings. Patten said the So. Oregon association and 29 other as sociations in Idaho, Montana, Oregon and Washington are continuing to make good pro gress in their program to bur out the government's in vestment in the capital stock of the Federal Intermediate Credit Bank of Spokane, the institution through which the associations obtain their loan funds. The local association now has $42,520.00 in FICB stock and the 30 associations own a total of $1,792,000. $3,137. This investor also has U. S. savings bonds worth $3, 344 and life insurance in the amount of $8,497. That, com posite investor is measured in the statistics of the National Association o f Investment Companies. Median Age Forty-Nine The median age of the 12, 400,000 investors in stocks on their own is 49. It an interesting sidelight to investing to glance at the age of the new investors brought out in the recent stock exchange survey of stockholders. This new inves-tor-and there are 3,900,000 of them-has a median age of 35, a longer pattern of educa tion than the average share owner and one out of six is in professional o r semi-professional occupation. One out of nine holds a managerial job. Upwards of 27 per cent of the new shareowners acquired their first stock in the com pany which employs them. The typical invest-as-you-go investor in mutual funds-the typical accumulation plan investor-is found to be 43 years old, has an annual family in come of $7,034, and owns mu tual fund shares valued at $1,890. Also he owns $1,696 of corporate stock directly has savings bonds and bank ac counts of $1,970, and insur ance in force of $11,950. Closed-End Investor Older The typical investor in closed-end investment companies is 55 years old with a family income of $8,850, male, mar ried and holding besides his investment company shares individual stocks and savings worth $21,850. Closed-end in vestment companies have a fixed number of shares out standing and are traded like corporate stocks some one must sell to provide stock for a person to buy. The 'closed-end companies usually are traded in the stock market. Mutual funds have no fixed number of shares, since the fund buys and sells stock as the market develops. The trading in mutuals is over-the-counter. The stock exchange's new investors are a much younger lot than any of the mutual fund groups. They are study ing trends and making their own investment decisions in many instances-and some of them have developed into real market experts unafraid of day to day market movements. yfe mar. 22 My 56-60-81 44 TAUtUS APR- 21 MAY 21 lCTOW 10I WMIH MAY 22 363-70-82-86 CANCER JUNS23 JULY 23 8-10-11-34 58-67-80-871 JULY 24 -.AUG. 23 ITV 3- 7-12-191 M-A30-38-76 VMtCO P. SEPT. 22 n 83-28-42-481 r54-57-72 STAR GAXERJ JK Your Daily Activity Cukit JK Aeeardina ta iUm Stnrt V To develop message for Friday, read words corresponding to numbers of your Zodiac birth sign. 1 Open 31 New 61 Money 2 Don't 32 And 62 Oily 3 Stay 33 Would 63 Permanently 4 Good . 34 You 64 For 5 Expect 35 Relation 65 A 6 Waste ' 36 Deol 66 Diet 7 In 37 The 67 It 8 1 33 Wonder 68 A 9 Dor 39 Stroke 69 Genius 10 Something 40 Air 70 Sever 11 Inspires 41 Put 71 Break 12 Your 42 Over-extend 72 Work 13 Thrilling 43 Recreation 73 Memory 14 For 44 And 74 Change 15 You 45 Of 75lntimof 16 A -46 Post 76 Afield 17 Money 47 A 77 Helps 18 Have 48 Your ' 78 Today 19 Orbit 49 Jealous 79 Affairs 20 A 50 Or 80 Into 21 Romantic 51 Attitude 81 Your 22 Piernc 52 And- 82 Romonf- 23 You 53 Is 83 Travel 24 Extra 54 Cooocify 84 Cheeks 25 A 55 Pteosing 85 Forget 26 On 56 Roses 86 Ties 27 Sunshine 57 To 87 Action 28 Could 58 Put 88 Now 29 Gasoline 59 Con 89 Indicated 30 Don't 60 In 90 Frustrations (g) Good () Adverse SCORPIO OCT. 24 Q NOV. 22 2- 6-17-26, K9-64-83-88 LIMA SEPT. 23 OCT. 23 NOV.23 Afi DEC 22 gg 4- 9-14-16Q P2-32-43 V CAPRICORN DEC 23 JAN. 20 V-fc5t l-40-52-65fl 146-74-77 M AQUARIUS JAN. 21 S 137-46-532 ifl 168-73-85-90 PISCES FEB. 20 . it MAR. 21 h3-21 155-75-79-89' I ff yw stHt haven t enjoyed the goodness of RosariU Refried Beans, how we envy your delight when you first sample this Mexican main dish with Tacos, Enchiladas or Tamales! 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Repeat SPECIAL! SWIFT'S LEAN, MEATY Spareribs Sorry We Ran Out Last Week! BRAZIERS 18" Stationary, Reg. 9.95. .....$ 7.50 24" Portable, Reg. 13.59. .... .$10.49 Porfa-Grill, Reg. 19.95. ..... . .514.49 Now is Your Chance to Get a Bar-B-Q At Prices You Can Afford! SPRECKLE'S Povdered or Brown SUGAR 25 Mb. Pkgs. SPRECKEISi T SUGAR 1 i33TD Jk Circus CREAM FILLED COOKIES 2 lb. Pk9. 69 Vet's Dog Food I Market I OPEN TILL 1 MIDNIGHT V 7 DAYS A WEEK j V SILVER DOLLAR A VXV " TRADING ) Case of cans W 48 cans $3.49 MORNING MILK SPECIAL Tall $ 00 - Lumberjack jS SYRUP A 22-oi. " Til REG. 43c HUNT'S CIDER VDNEGAt Gallon 1202 NORTH RIVERSIDE It's Time to Make Your Pickles SNOWDRIFT SHORTENING 3 lbs. w The Premium Shortening on miS GIANT SIZE SOAP NUIBOiftA Dish in Each Pkg. c
