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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 25, 1960)
Ifi MAIL TRIBUNE, Medford, Or. A Thursday, Feb. 25, 1 960 CHARGES FRIDAY AND SATURDAY PAYABLE APRIL 10 USE YOUR CONVENIENT DOWNTOWN CHARGE-PLATE 1 ONLY LIGHT BLUE Molded HAT BOX Reg. 10.95 41 Only Dresses 25 Only Dresses Values to 29.95 Values to 45.00 9.00 14.00 1.88 In Hi jbovc groups vou will find wools, silks, blends, and cottons ... Cocktail, casual and afternoon styles. Broken sizes in misses and half sizes. MEN'S BOYS' READY-TO-WEAR i ! w ii iiiiiiiiiwiiiiiiiiiiiiiiiiiiiii mi i m mi mi mm inn n mmmmmmmhiiiiiiiiiiiiiiiiiiiiiiii n irifiiiiin "M" It HUNGRY BEAR - Enjoying San Francisco's spectator, left, and noses for it, right, after i . iu: i.. i pu;k.nbo. mlninii ha ntfh fTTPI Tplenhotoi SUnalllllc. una jciiiav ucrai at x iciscua.aci iiiuaiwa ." v x ' Zoo begs for a peanut as he waves to a Utility Average Stands About Where It Started Jan. 2,1929 By ELMER C. WALZER I been between a high of 88.02 my i i-SifiiS'S : Elmer Waher UPI Financial Editor New York-(UPD-The utility .-average, youngest of the trio ;of famous Dow-Jones market measurements new stands when the fig ure was born itiJyl on Jan. It star ted its life at 85.64, rose to record high of 114.61 on Sept. 21, 1929 'and then slipped downward until July 8, 1932, when it -set its low at 16.53. - Since this average was 'born some 32 years after the industrial and rail averages 'it isn't even considered by jthe followers of the Dow theory. That theory says a imovement to be valid in the rindustrials must be confirm' :ed by the railroad average, -and vice versa. But th-re's no mention of the poor or- :phan-the utility average. Market operators have jcome to regard the utility group as a defensive set of ".stocks that are good to buy "when the other major groups are suffering from recession ary influences. Also utilities are supposed to be hurt more than other groups by infia tion since they more or less have their earnings fixed by edict of commissions, and they are supposed to have limited growth potentials. Don't Always Follow Trend They haven't always fol lowed the trend of the gen eral market. In 1957 when industrials declined 63.78 points, the utilities closed the year at a gain of 0.04-a mite, but a gain. In 1958 when the whole market closed the year on its highs, the utilities were right in line and did the same thing. They finished at 91.00 up 22.42 points and a new high since June 13, 1930. ; In 1959 this group moved up to a new high since June 10, 1930 at 94.70 and then slipped back to close the year at 87.83 off 3.17 points from the 1958 close. Rails lost 3.60 points, while indus trials finished the year at a record high of 679.36 up 95.71 points from the 1958 close. This year the range has set on Jan. 5. and a low of 85.02, set Feb. 16. Many Utilities Outstanding Utilities have found a champion in Frederick W. Page, partner in J. & W. Seligman & Co., Investment Bank, and vice president of Tri-Continental Corp., closed end investment company Floyd Hart Speaks to Kiwanis Club Luncheon Floyd Hart, Jackson County Heart Fund chairman, speak ing at the Kiwanis club Wednesday, compared the Heart Fund to a vast "insur ance policy" against the peril of heart disease, that "names all of us as beneficiaries, and where we all share in the commissions earned." He said that heart disease took a toll of 894,000 lives in 1958, and pointed out that 'more than 30 per cent were in the 45 to 65 age group, the period where most of us are in our most productive years." Telephone Worker Honored at Lunch Mrs. Grace Lowe, employee of the Oregon - Washington Telephone company, White City, was honored at a lun cheon in Medford Wednesday as a new member of the Tele phone Pioneers, a national organization recognizing tele phone company employees who have been employed as such for 21 years or more. A certificate of member ship and a pin were presented by Vice President Henry (Hank) Halvorsen and Presi dent Clarence Bjork, of the Crater Lake chaper. Other members attending the luncheon were Mrs. Nel lie Carter, also of the Oregon- Washington Telephone com pany, Mrs. Lola Boomer, sec retary - treasurer, and Miss Myrta Otterdale, employees of the local Pacific Telephone Northwest office. The Oregon - Washington Telephone company formerly was Columbia Utilities com pany, White City. He holds as a fallacy the theory that utilities are hurt by inflation and insists the group contains many growth issues that outdo some indus trials. And, he denies that the only appeal of utilities is their defensive characteris tics. He presents figures to show that an investment in the Tri- Continental utility portfolio at the close of 1938 would have produced a much big ger profit than a similar one made in the Dow-Jones in dustrials. He finds many utilities with growth potentials greater than many industrial shares and he holds that in these cases the issues should sell at higher price earnings ratios. Growth Rate Indication "We feel." Page says, "that I a utility with a growth rate of 10 per cent should sell i at 25 times earnings to be in line with the slower growth rate companies. A 15 per cent growth trend should entitle the company to a 35 times ratio or better on the same basis and when compared with industrials." He believes there is room for a great deal more fanning out of price earnings ratios as utilities are better under stood, before the growth util ities become over-valued. "I am confident that invest ments in this area will work out comparatively well over the next few years," he con cludes. The lowlands of Malaya have a hothouse atmosphere because of high temperature and heavy rainfall. Morse Schedules Whirlwind Visit Portland - (DPD - Sen. Wayne Morse has scheduled a whirl wind visit to Oregon this week end. Morse, a candidate for the Democratic presidential nom ination, will arrive here at 10:10 p-m. Friday and drive to Eugene. He speaks Satur day to a high school meeting at the University of Oregon and later in the morning will be guest at a coffee meeting of the Oregon Morse for President club. Morse drves to Portland later in the day to catch a plane for Pendleton where he speaks that night before head ing back to Washington, D.C. DEPENDABILITY SERVICE U UI - r- CQ Q Z ui Headquarters for Building Materials COPELAND LIMBER YARD Item Per Sheet Va" 4'x8' Shop Plywood, sanded 2.50 Vs" 4'x8' Shop Plywood, sanded 3.30 Vi" 4'x8' Shop Plywood, sanded 4.40 Vs" 4'x8' Shop Plywood, sanded 4.90 Va" 4'x8' Shop Plywood, sanded 5.70 Vi" 4'x8' C-D Sheathing Plywood Shop .3.40 Va" 4'x8' Sanded Blows .4.60 MEDFORD 1765 No. Riverside SP 2-5235 D m m Z a 09 - to m 7 m S ONLY SHORT JACKETS, all wool. Sizes 40 & 42. Regular 15.95 , S ONLY ALL WOOL TROUSERS, famous make. Size 48. Reg. 20.95 10 ONLY CREW NECK SWEATERS, 75 lambswool, 25 orlon. Reg. 4.98 1 ONLY OABRETTA LEATHER JACKETS, Size 42 li 44. Regular 27.95 2 ONLY JACKETS, all wool jersey. 1 size 36. and 1 size 42. ' Reg. 14.95 Z ONLY RAIN PANTS, nylon and neoprene. 1 size 38 and 1 size 40. Reg. 12.95 1 ONLY RAIN JACKET, Size XL. Regular 12.95 9.88 8.88 3.00 16.88 7.88 6.88 6.88 6 ONLY BULKY KNIT SWEATERS, coat and slip-over styles. O QQ Re?. 12.95 0.00 4 Only Reg. 18.95 j. 12.88 3.00 MEN'S LONGSLEEVE SPORTSHIRTS, Sizes S-M-L-XL. Regular 5.95 Regular 3.49 & 3.98 2.49 4 ONLY KNIT SHIRTS, long sleeves. 80 orlon, 20 wool. C QQ Sizes med. & large. Regular 10.95 U.OO 4 ONLY MEN'S BETTER HATS. Medium sizes. Reg. 11.00 and 13.00 3 ONLY LUGGAGE, Soft side. Famous make. Charcoal trimmed in black. 21" weekender, reg. 19.95 plus tax 26" Fortniter, Reg. 25.95 plus tax 5.00 10.88 14.88 I Only BOYS' SUIT Size 6 Reg. 17.98 1.88 5 ONLY BOYS' SUITS. Wash and wear fabric. Q QQ Sizes 15 thru 20. Reg. 22.50 0.00 BOYS' CAPS. Warm plastic, washable cottons, washable wool I OO blends. Reg. 1.98 & 2.49 I & BOYS' JACKETS, Washable, quilt lined. Short model with floating Q QQ shoulder. Antelope, brown, natural. Sizes 10-18. Reg. 10.95-11.00 0.00 4 ONLY BOYS' SPORTSCOATS. Wool. Sizes 7-10-12. A OD Regular 12.95 t.OO CARDIGAN SWEATERS. Lambswool & Orion. A An Sizes S-M-L. Reg. 6.95 , tiOO LONGSLEEVE SPORTSHIRTS. Prints and Ginghams. Sizes 6 I ftfl 10 16. Keg. 10 3.98 I .WW CORDUROY SLACKS, students sizes. Charcoal, Antelope brown O QQ Continental or Ivy model. Sizes 27 to 31. Reg. 4.98 fc.00 DOMESTICS 50 ONLY ASSORTED ODD PATTERNS WASH CLOTHS Re;To 15c 75 YDS. ONLY Famous Cohama Pickwick Plaids, rayon. Keg. 1.98 100 YDS. ONLY Assorted cotton prints. Keg. to 1.79 yd... 60 YDS. ONLY Woolen blends, assorted plaids. Keg. to 2.98 200 YDS. ONLY Assorted cotton prints. values to 69c yd 40 YDS. ONLY Wool and Orion Jersey red print Keg. Z.9S yd 15 ONLY Martex guest towels, dark green Keg. 45c 20 ONLY Quakerlace tableclothes. Slightly irregular. E AO I- If perfect 7.98 to 15.98 9.90 ID 20 ONLY Footstep bath mats. Heavy duty cotton. Keg. 5.00 10 ONLY Assorted chair type slipcovers. Keg. to 9.98 2 ONLY Conselor Bath Scales. Green and blue. Regular 8.45 4 ONLY Chemex Coffee Makers. Reg. 4.50 . 3 ONLY Samsonite Card Tables. Reg. 8.50 106 YARDS Assorted fringe trimmings. Keg. Z9c yd 1.00 .88 1 .00 .48 50c .10 9.98 4.00 2.88 4.00 2.00 4.00 .05 S ONLY Deluxe Acrilan comforters, slightly soiled. Keg. 1Z.98 1 ONLY Acrilan Bed Pillow, slightly soiled. Keg. 4.88 60 PAIR. Assorted Dacron & Muslin curtains. Reg. to 3.98 8.88 1.00 1.44 1 PAIR ONLY 3 width x 71" Lined Drapery. White with green AQ QQ iern pattern. Keg. i.5 ivitfU 1 PAIR ONLY Shorty Drapes. 2 width x 35" Beige with Drown print. Kegular 9.98 3.88 9 PAIR Dacron Tier curtains, plain colors. Keg. 1.98 pr SPECIAL TABLE DRAPERY REMNANTS LINGERIE NYLON TRICOT SLIPS, lavishly trimmed. Broken sizes. Keg. 5.95 NYLON TRICOT GOWNS (Short) Sheer over tricot. Two toned. Reg. 8.95 FAMOUS MAKE HOSE. Reg. 1.35, 1.50, 1.65 PEIGNOIR SETS, Luxurious Tricot, White, Aqua, Pink, Blue. Jieguiar o.uv Regular 35.00 Regular 49.95 , BOUFFANTS, Double sheer over Tricot shifts. Kegular x.95 Regular 10.98 v n an ui ONLY FORMALS, Originally 30.95 and 25.95 ONLY COATS, Originally 69.95 ONLY ALL WEATHER COATS, Originally 25.95 and 22.95 ONLY SUITS, Originally 69.95 & 45.00 ONLY SUIT, size , Originally 25.95 .1 ONLY UNIFORMS, Originally 14.95 36 ONLY SWEATERS, fur blend and vicara and wool. Values to 9.98 12 ONLY JEWELED SWEATERS, Orion. Values to 12.98 u ONLY PLASTIC RAIN COATS, Reg. 2.98 j. 3 ONLY Wool plaid weskits. Orig. 7.98 8 ONLY BLOUSES, Values to 8.98 15 ONLY SKIRTS, Originally 13.98 & 14.98 7 ONLY Skirts, Rayon and Velveteens. Originally 10.98 9 ONLY COTTON BLOUSES, Originally 7.98 ACCESSORI ES GIFTS KNITTI NG 8.00 25.00 8.00 20.00 6.00 3.00 4.00 6.00 99c . .50 2.00 6.C0 2.C0 5.00 BETTER JEWELRY Values 5.00 75c Plus Tax 56 ONLY UMBRELLAS, good assortment of styles I A and colors. Values to 3.98 . INITIALED HANDKERCHIEFS, pure Irish linen OQ in white. Regular 1.00 - 1 ONLY COCKTAIL PURSE, red. I AQ Reeular 5.98 nlus tax I ii" 1 ONLY HANDBAG, Red and Black AQ Regular 3.50 plus tax "3 4 ONLY SILK PRINT BELTS, matching flower I QQ in paisley and stripes. Reg. 2.95 I .S 12 ONLY HEAD SCARFS, Acrilan Jersey. Grey CO Blue, Beige. Regular 1.00 "03 20 ONLY PURE SILK SCARFS, Assorted colors. CQ Regular 1.00 0J Regular 59c J 29 JEWELED FANCY COMBS, . I rlQ in R QQ Regular 1.95 to 7.98 I iHO 10 9i39 RAIN JACKETS, Famous make. S-M-L in short QQ lM Q if Q and long styles. Reg. to 5.00 lOa 10 WatS 4 ONLY APPLIANCE COVERS, quilted. For waffle AQ iron and elec. skillet. Reg. 1.29 .43 21 ONLY Close-out colors in GLO-PUFF hair coloring. OK Reg. 1.95 plus tax 2 ONLY WOMEN'S ELEC. SHAVER, famous make. 1 AQ Regular 10.98 j. 1 .43 3 ONLY APOTHECARY JARS, hand decorated, filled O AQ with colorful cotton. Reg. 4.98 CtHt) HAND LOTION, well known brand. Dispenser top. fn Reg. 1.25 1 1 9 4 ONLY JACKET KITS, Imported Mohair and A Aft. Wool. Reg. 9.95 i UINLi I AMKAKHAN SWEATER KITS, I? Aft Reg. 10.95 9.43 1 UniLiX tlllLUKtIN S a W LAltK KITS, I ft ft Values to 4.98 1.33 CONTEMPORARY NEEDLEPOINT, a mq . m aq Assorted sizes '. .3 10 Wifc3 2 ONLY HURRICANE LAMPS, white base. I Aft 0 ft ftft Reg. 3.95 and 7.95 I tH9 & 1.33 3 ONLY VINEGAR & OIL CRUETS. hi) Reg. 5.00 set each 2 ONLY CANDLESTICK HOLDERS, nn Reg. 4.98 set .33 3 ONLY DECORATIVE BEVERAGE containers. ftft Reg. 2.98 i3 1 DOZEN ONLY PLASTIC SAUCERS o'Tl Reg. 25c each L TOl OC 1 ONLY TALL BLUE DECORATIVE VASE. ft Aft Reg. 6.98 2,43 2 ONLY COFFEE WARMERS, White china. ft An Gold trim with candle. Reg. 10.98 . . W.43 Reg. 15.95 x QAu UKUUt- Of white EMBOSSED CHINA. Plates, creamer 7fl f fio and sugar bowl. Values 2.99 to 7.95 1 3C" 1 .50 CHILDREN'S LITTLE GIRLS' UMBRELLAS FANCY LUCITE HANDLES Reg. 1.98 lie GIRLS' COTTON DRESSES. 3-6x. 7-14. Regular 2.98 and 3.98 2 00 Regular 4.98 Z 3 00 Regular 5.98 and 7.98 4 00 Regular 8.98 and 10.98 ...""'6."oo"&""8 00 Reg. to 3.98 ,jf GIRLS' CORDUROY VESTS, ift Reg. to 1.99 ,13 SWEATERS, Reg. to 4.95 2 ONLY Girls' Car Coats, Raccoon Collar. Reg. 5.99 3 ONLY Girls' Dusters, Keg. 10.98 2 ONLY Girls' Coats, Size 6x. Reg. 10.98 ; 4 ONLY Orion pile lined, all washable coats. Regular 10.98 WOOL PLAID BERMUDAS, Size 7-12-14, suMeen '8-2-14.' Reg. to 5.98 .99 10c lo 50c f 5 Mis ".00 . 5.49-7.49 t-stf I LITTLE GIRLS' Plastic raincoat. 3-6x, 7-14. Reg. 2.98 .. LITTLE BOY CAR COATS, Sizes 4-6-8. Reg. 5.98 LITTLE BOY'S Denim Zipper jackets. Size 3-4-6 1 ONLY Boy's Coat, Size 3. Reg. 19.95 Faded Denim Pants. Size 6 & 6x Reg. 1.98 2 ONLY BOYS' Flannel Shirt. Size 2. Reg. 2.25 4 ONLY KNIT HOODS. Reg. 1.95 L LITTLE SLIPPER SOX. Reg. 1.59 .. I.S9 3.SS . 2.29 3.99 .6.99 I.SS .. 1.99 3.97 .47 15.00 1.29 1.49 . .19 - .49 4 ONLY RUBBER GIRDLES Reg. To 10.95 3 ONLY LACE-UP CORSET lie BACK BRACES He DEPENDABILITY SERVICE .1
