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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 10, 1959)
MAIL TRIBUNE, MedforJ, Or. Thursday, Sept. 10, 1959 3 r Wall Street Chatter , , New York - (UPD - Investors who think inflation is a good reason for owning common stocks had better take another look, says Distributors Group Inc. - While common stocks gen erally serve as a hedge against inflation, the investment ad visory firm points out it (in flation) is neither a necessary nor really a fundamental rea son underlying the growth of income and principal experi enced by the common stock holder. Inflation and rising stock prices do not necessarily go hand in hand, notes distribu tors group. In 'fact it says there have been inflationary periods accompanied by de clining stock prices and vice versa. ..... O But, the firm concludes, the real growth of the U. S. economy is expected to con tinue into the foreseeable fu ture, very possibly at an even greater rate, and this consti tutes a "sound, positive rea son for investing in common stocks, entirely aside from inflation." J. "WY Sparks & Co. adds Crowell Collier to its list of merger candidates, and Avon Products to its list of probable splits. It says with Heli-Coil's 1959 earnings projected at $3.75 a share the , company looks for a further sharp in crease in 1960. Standard & Poors names Lily-Tulip Cupt a "reasonably priced growin issue, ana ax tributes the growing populari ty of paper cups and nested containers, to Lily's outstand ing record. Barrons observes that the persistent decline in bond prices, at a time when indus trial stocks on the average are less than 4 per cent from the all-time high, lends "con siderable validity to the theory that in investments, stock earnings, not yields, should be pitted against bond returns. Student Increase Teacher Lack Seen Washington - (Science Serv ice) - A bumper crop of stu dents and a deficiency of teachers are predicted for this fall's school enrollment, ac cording to Commissioner of Education, "Lawrence G." Der thick, U.S. , Department of Health, Education, and Wel fare. For the 15th consecutive year, total school enrollment from kindergarten through college will be at an all-time high. ' '. Total enrollment will be an estimated 46,480,000 students. There are 1,940,000 more stu dents this year than last. The commissioner estimates 'that a total of 1,563,000 teachers will be needed in both public and nonpublic schools, and only 1.363.000 are Qualified. ' "The deficit of teachers will mean: in many communities, over-large classes or the em ployment of teachers without adequate training, or both," Commissioner Derthick said "In manv instances, it will also mean curtailing the num ber of subjects offered." . m . . . Consumer Credit Increase Expected Ann Arbor -(UPD- Americans - in the next generation will be borrowing more than twice as much money as tnis one ooes, according to aoUniversity of Michigan expert. . Consumer credit, w h i: h now runs something over $45 Vnllinn will be at least $80 billion and probably more than $100 Diuion ny isau, savs Associate Prof. Thomas G. Gies, former economist with the Federal Reserve Bank of Kansas City. Gies says four factors will contribute to the increase nonnlation growth to anoroxi mately 70 million families; a rapid increase in tne propor tion of young families who use credit most; a step-up in the trend toward suburban living and home-owning; and rising income bringing more families into the good credit-risk cate gory. VAGRANT THOUGHT Buffalo, N.Y. flJPD Words can have different meanings depending on whether they're used by land or by sea. At a luncheon honoring officers of the U.S.S. Macon, the ship's skipper, Capt. Joseph C Wylie Wylie Jr., spoke of the importance of tramp-steamer tn the Great Lakes. Mayor Frank A. Sedita there upon . mentioned nis many a citv Judge and said he never expected to see the day when "we'd advocate at tracting tramps to the city of Buffalo." : . r ' : Toronto's Yonge Street sub way opened in 1954, now carries 32,000 passengers an hour in peak periods. E SHOP FRIDAY 9:30 to 9! Machine Washable'Corduroyl JUMPER DRESSES Another Grand Penney Bargain! ; Compare Anywhere! . Your daughter will get so much wear from this smart little jumper skirt. She will wear it with cute little blouses and sweaters. Washes beautifully and fits to perfection. Turquoise blue or crimson red in ages 7 to 1 4. Flannel-Lined AVI 1 ONLY Corduroy HOODED JACKET Very Special! wi; l a. r . ,1 J .. . find so much for so little . . washable flannel lined jackets with a collar that converts into a s hood, full cut, expertly tailored toggle button styling; two big! pockets. Comes in navy, red, and turquoise blue. Ages 3 to 1 4. . . . 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