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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 12, 1960)
"'PSaBSSnpBeeMe 4Mm BOATS CUDDLE FROM COLD Great Lakes ore boats cuddle together for the winter away from freezing Lake Michigan as carriers are berthed in a slip on James Island, Milwaukee. This photo was made from a helicopter with Do-It-Yourself Investors Have Their Troubles Today By ELMER C. WALZER UPI Financial Editor New York - d'PD - Today's do-it-yourself stock investor has his troubles. He is told the stock mar ket soon may be getting se vere competi tion from bonds, that many stocks are priced too high, that there is a pro- EbnerWalzer spect of infla tion being licked at least tem porarily, that this or that group of stocks has run its course, and many other things. Even the experts have their troubles. The group at the Stock Exchange firm of J.R Williston and Beane say the questions being asked are how much longer a specula tive boom can last, how much more market activity can it support, and how much high er are stocks likely to go be fore it ends. Thereupon, they assert: "Asking the questions and having the answers, however, are not precisely the same. . "We have no idea how much the tempo of specula- Newest Slip Covers Does your room need a new look? Rejuvenate your chairs, sofas with fresh slip-covers -easy to make with these clear step-by-step directions! Instructions 7168 has step- by-step directions for making sliD covers for chairs, sofas. Send Thirty - five cents (coins) for this pattern - add ? nts for each pattern for itxl9ss mailing. Send to Med ford Mail Tribune, Household Arts DeDt.. P.O. Box 168. Old rhplsea Station, New York ii ir V Print plainly NAME, ADDRESS, PATTERN NUM BER. JUST OUT! Our New 1960 Alice 'Brooks Needlecraft Book contains THREE FREE Patterns. Plus ideas galore for home furnishings, fashions, gifts, toys, bazaar sellers -exciting, unusual designs to crochet, knit, sew, embroider, huck weave, quilt. Be first with the newest - send 25 cents nowl w tion could or should increase to signal a buying climax, if indeed such a climax is nec essary, or even whether the kind of uninformed specula tive enthusiasm we now see directed toward groups like the electronics need necessar ily be followed by a collapse of other values in the classical tradition. "The world we live in to day has changed so much from anything we have known as to give little basis for comparison. "Moreover, psychologically speaking, today's stock mar ket, at least in our opinion, has withdrawn so far from reality as to resist normal analysis." Exceptions The firm believes there are many individual exceptions and among these exceptions will come the investment op portunities of 1960. Thereupon it hits upon an old formula-pick the wall flower stocks. Many a stock has done nothing while the favorites have soared. And many of them have been sound issues. Then has come a time when the lackluster but respectable wallflowers suddenly became popular, and often this hap pens when the general mar ket reverses trend. The firm recalls how the grocery chains, utilities and tobaccos were a bore to the speculators from the summer of 1957. Suddenly as the mar ket fell in the leading aver ages, these issues became the strong favorites. Troubles Ahead But here, too, the do-it-yourself investor has his troubles. The Williston and Beane firm warns that you just can't expect to find things so simple that the suc cessful stocks of 1957 will be the successful ones in 1960. The defensive stocks of 1957-58 are still considered fairly high. Hence something new must be found. The best prospects as the firm finds them are: 1. The stocks which never have come into favor during the past four or five years and are thus free of popular over valuation, or 2. Stocks of those companies that have es tablished good enough im provements in earnings and dividends to keep pace with the general rise in stock prices and still provide a good dividend yield and rea sonable price-earnings ratios. The second group appeals to the firm more than the first. Times Chang Things certainly aren't Appling Might Not Be Candidate Saiem (UPD - Secretary of State Howell Appling Jr. said Monday that there is a 35 per cent chance that he might not run for the office at the next election. He emphasized, however, that he has not made a final decision in the matter and "there is a 65 per cent chance that I will run for election." Appling was appointed sec retary of state by Gov. Mark Hatfield one year ago. Under the law, he must stand elec tion this year and in order to do so, would have to announce his candidacy in the primary by March 11. n..rr r, irT-v.-y.v.V.VW"' distortion-free plastic nose "bubble," using a 35mm camera with "super wide angle" lens. Unusually clear atmospheric conditions prevailed. (UPI Telephoto) what they were ten years ago at the start of the decade of the 1950s. Back there the Dow-Jones industrial average had climbed to the 200-level and high grade investment stocks sold for 8 to 10 times earnings to yield 5 to 6 per cent. These were the days, as the firm recalls, when specula tive stocks could be bought by the bushel basket at fire sale prices, and only a small minority of infinitely patient investors were looking hope fully into the future for a possible great bull market like that which had occurred in the decade following World War I. Today the industrial aver age is nearing 700, price earnings ratios are very high and yields are very low with bond yields very high. Back there 10 years ago, Wall Street falied to follow its own adage: "Buy 'em when nobody wants 'em," and now it isn't following the other part of that adage which says, "Sell 'em when everybody wants 'em." RCA VICTOR JANUARY SPECIAL! FREE 10000 Record Package (19 Stereo Albums) WITH THE PURCHASE OF ONE RCA CONSOLE PHONO 3 Models to Choose From THE MARK autcfa TV! 1 2--1 systea or with TV for odded spread doai amplifier. 4 speakers. XXti. Stereo Hi-fi "Vidrota" to 111 Look-aiOce" to The Montgomery TV. 11 Ss Diamond stylm. Tape ecordec, toner tods. 3 finishes. Model PM22. $249.95 with FREE Record Package! Two Other Models OFFER LIMITED TO STOCK ON HAND -GOME EARLY ; - mmMnMm-mmVBBBMMT At' iSftVr- mb Actress Jeanne Crain Mother of Sixth Child Hollywood - (UPD - Actress Jeanne Crain, 33, gave birth to her sixth child, a daughter, Sunday at Queen of Angels Hospital. Brigitte Bardot Gives Birth to Son Paris - (UPD - Brigitte Bardot gave birth Monday to a seven pound four ounce boy in an accouchement so well publi cized that crowds gathered outside her West End apart ment to cheer. The 25-year-old movie star who married 25-year-old mat inee idol Jacques Charrier last June 18 named her first born Nicolas. The birth was reported to have been with out difficulty and both mother and baby were "doing fine." Brigitte, whose scantily clad movie romps made her a symbol of sex in France, is the highest-paid movie actress in French history. In a few years her figure and the few wisps of cloth which usually covered it rocketed her from obscurity to such fame she is known merely as "BB." Balance Control. to Choose From MEDFORD, OREGON f ploys stereo as one compact emt. J V27 A. of sound. 24 watt 1 kSfA earn MAIL TRIBUNE, Mrfford, Or. Tuesday, Jan. 1 2. 1 960 Construction in 1959 Makes Record Year Construction in Medford set a new record in 1959, al most doubling the previous high year, according to the city building department's an nual report. The total value of the 1,846 building permits issued in 1959 was $10,994,944. This can be compared to the 1958 totals of 1,139 permits issued having a valuation of $5,778, 527, which was the previous record year. ( The new Rogue Valley Manor was the largest single contributor to the record total with a $4,693,616 valuation, but even without the manor, 1959 remains a record year. New homes contributed the second largest sum to the total with 208 new homes be ing built having a valuation of $2,666,600. Permits were taken out for 25 new busi nesses having a valuation of $1,730,754. Also contributing to the total were 15 swimming pool permits, three church permits and one new motel. COLLINS' BOOSTERS Panama City, Fla. - (UPD -Franklin D. Roosevelt Jr., said Sunday Florida Gov. Leroy Collins is the man most mentioned for vice presi dential nominee among Demo cratic leaders Roosevelt has talked to across the country. Woild's 14 - 1 i I960 Rambler V-8 Station Wagon. Get all of Rambler's handling ease, plus outstanding V-8 performance with top V-8 economy in a wagon with room for six 6-footers plus king-size cargo space. Also available in 4-door sedan and Country Club Hardtop models. 1960 Ambassador V-8 Country Club Hardtop. The Com pact luxury car in the medium-priced field New improved ; fuel economy on regular gas with efficient 250 H.P. en i gine. Up to 2 ft. shorter than other medium-priced cars. I Also available in 4-Door sedans and station wagons. See the New The Family Council Editor's Note: The Family Council consists ot a Judge; a psychiatrist, three clergymen, a newspaper editor, a women's editor and two writers. Each article is a summary of an actual -ase history. The Council reports on problems that have been dealt win by responsible agencies and counselors. Mrs. P. V.-She has no right to explode in my face. Harriet V.-They shouldn't interfere. Mrs. P. V.-My daughter-in-law and I have had a serious argument and I feel she owes me an apology. My husband recently asked our son how he was getting along financially. He knew Bill had some debts a year ago and was worried about whether or not he had gotten ahead. My husband is unable to work at this time and we can't help them-which makes us worry even more about their financial difficulties. Anyway, it was all meant in a good spirit, but my daughter-in-law didn't think so. She came to me fuming, saying we had no right to interfere in their financial af fairs. We didn't interfere. My husband just asked. Is that a crime? Harriet had no right to explode in my face. Harriet V.-I certainly feel that in-laws have no right to stick their noses into a young couple's finances. We aren't asking for anything from them. In fact we have helped them beyond our ability with gifts and things. It isn't my fault that we haven't yet gotten out of debt. We didn't spend any more than necessary to start our home. I am a very careful RAMBLER (Ml 1960 RAMBLER SIX 4-DOOR SEDAN. America's Idesf Standard of Basic shopper and I don't overpay for anything. I realize that a lot of wom en bring in money, but my husband doesn't want me to work. He says he'd rather have me stay home and keep a nice house. I agree that this is the best thing for a woman to do. Eventually, we'll man age to get ahead financially. The Council: The P. V.'s are making a big mistake in wor rying about their son's finan cial problems, but we see little more at fault in their conduct. Harriet's self-righteous in dignation smacks of guilt. She childishly defends herself against charges that haven't been made. She doesn't ac cuse her in-laws of having said she is extravagant or should go to work. We can only guess why Harriet defends herself against these charges. Our guess is that she is one who is making the charges against herself. She should try to ana lyze this situation for herself. Perhaps she feels that she is imposing too great a burden on her husband or that she should spend less since she isn't bringing in any money. We are not urging Harriet to cut her budget or to go to work. We merely think she ought to be honest with her self. If she feels she is placing too great a burden on her TOPS Choice o 30 models from After America has looked at them all, big and small demand for 1960 Ramblers has so sky rocketed that Rambler production has surged into third place among all U. S. cars. Rambler out-produced all but two other makes for the entire year of 1959. And plant facilities are being expanded again ... the third time in 12 months. Thanks to spectacular increases in production, to meet ever-rising demand, Rambler dealers have a generous supply of cars available. Ameri can Motors anticipated the BIG TURN to Rambler-rworked factories without interruption since the introduction of the 1960 model. So come to your Rambler dealer's now for the model and color Rambler you want Gef a "Success Deal" that may save you hundreds of dollars. Rambler dealers are determined to make this the greatest year ever offering proved Rambler quality at America's lowest prices. You'll get more in trade now, too! Your used car will probably never be worth more than right now. So come see the Compact car that's proved by 10 years and 25 billion owner-driven miles. See your Rambler dealer and save more than ever right now! Pioneered bj American Motors Excellence -Take LEA MOTORS Bartlett at 5th . U S! Wants First Group Meet Soon United Nations, N. Y. - (UPD -The United States has asked Russia's consent to hold the first meeting of the new Unit ed Nations committee on peaceful uses of outer space within a month, diplomatic sources have disclosed. At the same time, U. S. of-1 ficials were reported drum ming up support to convene as early as this September an international scientific con ference devoted to the ex change of outer space infor mation. husband she ought to do some thing about it. If not, she ought to stop recriminating herself. As parents of fully grown children, the P. V.'s should do themselves the service of refusing to worry about things that are no longer their prob lem. They aren't able to help their son out of his financial troubles. But even if they were it is doubtful that this would be desirable. Mr. P. V. should recognize; that although his son hasn't! entered the argument, he ! might feel somewhat resentful I at being placed in the child-! ish position of having to an swer to his father for the conduct of his personal af fairs. Mr. P. V.'s question in itself doesn't constitute inter ference, but it does hint at an involvement which should not exist. (Copyright 1960. General Features Corp.) MIL No. 1 Success Car. Hardtop and station wagon models also available. f Oomiici Cars I tJl C Compare all wagon prices of 5 major 03VG 340 U- S- car make"! New Rambler American Station Wagon costs at least $345 less, according to manufacturers suggested delivered prices. And offers so much more in value. ' a ".A O A .A idt A jt 1 "7AI? America's Lowest-Priced Car. Suggested J JJJ delivered price at Kenosha, Wisconsin, for Rambler American 2-door Deluxe Sedan, above. State and local taxes, if any, and optional equip ment, extra. Compare the price tags yourself. Delivery of a '60 Rambler Todayl London - (UPD - Communist Chinese scientists in Tibet have successfully crossed a yak and a Holstein bull, ac cording to Radio Peiping. The broadcast said the resulting hybrid produced eight times as much milk as the yak and can stand the rugged Tibetan climate better than the Holstein. IT COSTS NO MORE "SeeYour Travel Agent" Airlines know ws can help vou have more fun. That's why they say "See your Travel Agent first." Drop in today and talk over your next trip. See GEORGE LEWIS ROGUE TRAVEL SERVICE W Reserve and Sell Airline and Steamship Ticket PHOME SP?-677 111 E. 8th III
