Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 8, 1960)
Section B Medford, Pages 1 8 eIjTribune MEDFORD, OREGON, FRIDAY, APRIL 8, 1960 New Financial Publication Tells Risk of Broadway Plays By LEHOY POPE New York-iUPIl-The hanker lng to take a flyer in a Broad way show sooner or later in fects thousands of folks who regularly invest In securities. But how to go about it tumps most of them. They know the odds are long but they don't know how long, and they can't find any sign posts in the Broadway invest ment market such as exist in stocks, bonds and commod ities. A TV script writer with some financial experience, Seymour Vail, has set out to put up the sign posts. Vail has founded a semi-monthly mag azine called "Theatre Inves tor," to publish news about plays and musicals, whose producers are looking for angels. He also publishes re search reports on the earn ings records, not only of 17 per cent of this type show plays, but of producers and directors. The April issue, "Theatre Investor," which incidentally costs $50 a year, charts three prospective productions and list 20 others that are looking for more capital. Vail rates their prospects in four groups on the basis of how past pro- Answers To Cancer May Exist Without Anyone Knowing It Louisville, Ky. - IUPD - Sci entific knowledge of the intri cate, many-faced ways of can cer is piling up so abundant ly the answers may exist right now without anyone knowing it, according to the president of the American Cancer So ciety. Dr. Warren H. Cole, who also is professor of surgery, University of Illinois, was speaking to 40 science writers assembling here for six days of briefing by 50 leading can cer scientists on the newest and most promising in cancer research. This seminar, which begins tomorrow, is sponsored by the society. "Are the means of saving some of the 260,000 Ameri cans who will die of cancer this year here but hiding in the literature?" he asked. "This possibility is consistent with the history of major de velopments in medicine. Vac cines and so-called 'miracle drugs' which have overcome many of mankind's most lethal diseases were possible Brighi and gay a; Springtime! N NORCROSS A tal aha w f long before they were actual ly applied." He could offer no solution lo this situation, which can be of little comfort to cancer victims, because "new find ings are being reported at a rate that makes it impossible for the human mind to assim ilate all of them." Clues which could right now lead to "a substantial measure of cancer control," may be in "the vast mass of basic data, sitll piling up at a fantastic rate," he said. "The key to cancer control could rest in the equations of the biophysicist or the bio chemist, or in the phenomena noted by the immunoloeist. The quantitative differences in the enzymes of normal and tumor tissue could hold the answer. The cytologist's rel atively recent ability to detect the presence or absence of a chromosome could expose some of cancer's great secret." Loie and nis university as sociate, Dr.' T. C. Everson, have authenticated US cases since 1900 in which cancers of various types went away on their own without treat ment, that is, they "spontan eously regressed." This shows, he continued, that "there is something within the human system - something which is still beyond medicine's ability to comprehend or exploit -which can control many now hopeless cancers." He emphasized, of course, that the number of these cases is so very small it makes "each instance almost a mir acle." Cole told the writers the press has been criticized by scientists "for failing to in form readers of the enormous strides being made in basic research." These critics, he said, contend that the press is 20 years behind the times by ignoring the truly significant advances in man's quest for knowledge." This criticism, he added, is refuted - in his personal opinion-by the turn out of 40 writers for the so ciety's seminar. ductions of similar type have fared over the years on Broadway. He gives each two ratings -"current," meaning how the production plans seem to stack up right now, and "max imum," meaning what the show could earn if it actually is produced and gets good re views from the critics. If Vail gives a show a cur rent rating of only 1, that means he thinks it now only has a 5 pel cent chance of earning a profit. A rating of I means mat over the years produced on Broadway have Deen profitable. The profit able percentage jumps to 70 for group 3 and to 80 for group 4. A proposed revival of Eugene O'Neill's "Emperor Jones" with Myron McCor- mick and Leonard Sillman's projected revue, "New Faces of 1960." get a current rating of 3. Most of the others are rated only 1 or 2. In a box score on producers Vail shows that of 288 who were active from 1954 to now, only 45 have had a suc cessful Broadway show and only six who have had sev eral productions have a hit record of better than 50 per cent. But the profits earned on these producers' successes ran from 107 to 357 per cent and after losses on their fail ures, investors in all these top producers' shows still made profits ranging from 72 to 350 per cent. Vail rated David Merrick, producer of "Gypsy," "Destry Rides Again," "La Plume de Ma Tante" and "Take Me Along" as tops on Broadway from the investors' point of view. Vail expects his little paper to bring public money into the Broadway theatre on the biggest scale the producer ever has seen. Some Surprises Some of the things he dis closes will surprise a lot of folks. For instance, a straight play nowadays has to be budgeted at $250,000 to $350, 000 as they have been for a long time. Investors share 50 per cent of the profit after all expenses including royal- . The smallest investment ac ceptable usually is $500 or $625 but in some, shows it's $1,000. "Variety," "Billboard" and other theatrical publications for years have published re ports on the financial prog ress of Broadway productions and disclosed plans for fi nancing them. But Vall's ef fort to create a financial sta tistical basis for the theatri cal investors seems to be some thing quite new. Variety also has published box scores on the financial grosses of the works of top playwrights. Who do you think is Broadway's perennial top grossing playwright-Eugene O'Neill, George S. Kauf man, Rogers & Hammerstein? No, it's a chap named W. Shakespeare. He still can out draw his modern competitors anytime he gets a good star and a good director. V VvV'i X oil " ,J ' - f 4 '' I vn vv; X YAW 4 , frnrfit iimmki w & TAKES ASYLUM Luis Conte Aguero, a Cuban television commentator who was the most outspoken anti-Communist spokesman in Cuba, has arrived in Miami, Fla. Aguero was a college classmate of Premier Fidel Castro, but took political asylum in the Argentine embassy when Castro denounced him. (UPI TeleDhotol U.S. Said Doing Outstanding Job in Checking Inflation M.OMIO.IUI DYNAMIC M l-OOOOl SCO AN New Simplicity... New Beauty... New Economy, too! AW the tfonoW voue of the medrum-price SeW Oldsmobile't Dynamic 88 2-Door Sedan brings you Hi simple new beauty and style of If). k Rocketing Sixttet, plui down-to-earth price ond unusual operating economy. Oldsmobile'i Regular Rocket Engine gives you more milei per dollar with ( lower-cost regular fuel . . . laves you about o dollor bid on every fill I This ear is in stock and ready for delivery at the unbelievable low price of.. 2997 SPECIAL EQUIPMENT, Included In this price Its Heater, Deluxe Steering Wheel, Whit. Wall Tiret ond Two-Ton. Paint. Alto Included or.: lic.nt., Polith, 20 Gallon! of Gat and a life-Tim. lubrication Certificate. SEE THIS TODAYI DARRELL MILLER GO. 415 South Riverside SP 2-6209 Washington (UPD The United Stales is doing a bet ter job of checking inflation than most other free nations, according to a Labor Depart ment official. Robert J. Myers, deputy commissioner of labor statis tics, said consumer prices in this country have increased 9 per cent from 1953 through 1959. But comparable statis tics show a rise of 28 per cent for France, 20 per cent for the United Kingdom. 12 per cent for Italy, 11 per"ceht'for"Ger many and 9 per cent for ja pan, Myers said. Earnings Increased In a related announcement Secretary of Labor James P. Mitchell said the average weekly earnings of U.S. fac tory workers have Increased by 12 per cent since mid-1953 after allowing for federal taxes and higher prices. Mitchell said the U.S. econ omy has shown "phenomenal growth" in the past six years to surpass the fast-rising in crease in population. Total personal income after taxes showed a 21 per cent gain in this period, Mitchell told congress in his annual re port. Myers said the govern ment's index of living costs - now at an all time high -has been held in check by rel atively low food prices in re cent months. The index for February was 123.0. in Dargain Dase ment language, this means it takes S12.56 to buy the same i item that cost $10 about a decade ago. Prices Forced Up ! Much of the increase in American consumer prices took place during the Korean war when shortages caused by defense production forced up prices. Similarly, inflation ary trends in France were linked to that nation's Alger ian crisis. Myers said there are no sta tistics available to compare U.S. consumer price changes with those of the 'Soviet Union. "The dictatorship In the Soviet Union has spread the gains on productivity through lower prices rather than in creasing wages," he said. This form of price-cutting, he ad ded, can be done only in coun tries with state-controlled economy. Government experts be lieve consumer prices here will rise about 1.5 to 2 per cent in 1960. This will be about the same as the increase last year. Back Stairs: Boner in Speech Text By MERRIMAN SMITH UPI White House Reporter Washington - UTC - Back stairs at the White House: For a brief spell this week, It looked on paper like Pres- the Republican ladies. When he and Mamie arrived at the affair which was held in a lo cal Ice palace called the Uline Arena, they had to wait a few minutes before ident Eisenhower had come; time out for former President Her bert Hoover as the 1960 GOP presidential nominee. The way it happened was this: Last Monday night, Eisen hower was the featured speaker at the "Jumbo Jam boree" sponsored here by the Republican Women's Nation al Conference. Advance cop ies of his speech were dis tributed at the White House during the late afternoon. Reporters were amazed to read in one section of the speech that the President, after calling his party col leagues to greater battle this year, would have this to say: "In any event, we are set ling our sights on obtaining a Republican House to work with my Republican predeces sor." Since Hoover was the last Republican to occupy the White House before the cur rent administration, it seemed that Eisenhower could be re ferring only to his party's elder statesman. Reporters, however, real ized it had to be a mistake and dictated their speech stories with no particular at tention to- the one amazing sentence. Before much of the speech was in public circula tion, however, workers in the White House press office dis covered the classic boner and came streaming into the press room crying, "Make that word successor." Thereupon arose a most in teresting question: Who made the Freudian slip? No one seemed to know, but as far as it could be determined from outside the tight inner circle of the administration family, the mimeographed text was copied from a speech draft that had been approved personally by the chief ex ecutive. And that wasn't all that happened in connection with the President's evening with for their introduction grand march into the and hall The President and Mamie accepted their good Repub lican box suppers with great gusto from gaily-uniformed girl pages, but in truth, the Eisenhowers must have eaten before leaving the White House. The First Lady nib bled on a roll and passed up everything else. The President took one or two exploratory bites out of a cold chicken leg and then gave up to con centrate on the speaker i entertainers. Mahalia Jackson, the ii.i . ! Negro gospel singer, had troubles, too. Shu tripped s:.J fell down as she went on stage, but was helped quick ly to her feet. Mahalia then proceeded to thrill the Eisen howers with her wonderful voice that apparently suffered I not at all from her stage tumble. Maturity is a bourbon called ANTIQUE $460 4 r 'THAT GOLDEN MOMENT WHEN BOURBON REACHES THE PEAK OF PERFECTION. Qf. 0 Pint FRIDAY & SATURDAY AH you hv to io b to e e m t In and WATCH Hi eiciHnf oamonstratfen of tn I A S r Combination Waihor - Dryor and Mill amaiin. Blanket (i youraf COFFEE AND COOKIES Served to Our Visitors FRIDAY and SATURDAY! Salem -fflPB- C. H. Grayshel of Brookings has been ap pointed Curry county Judge by Gov. Mark Hatfield to suc ceed the late Judge Guy Forsyth. COMPLETE GLASS SERVICE Phone $ 3-311 SELBY co!! J0J North Bartlett PLAN NOW TO VISIT . . . Leonard Electric Company for a FREE DEMONSTRATION of the Amazing New Easy! NEVER BEFORE an Easy Combination Washer-Dryer Six separate waihdry "programs" - for all fabrics Fivo water Three drying temperatures "Non-wrinkle" Surge 'n Spin water extraction Fast, safe high air flow drying Four master filter rinses AT ONLY NOTHING DOWN ON APPROVED CREDIT We Carry Our Own Contract! i 1 1 V Wlrti v,u' eMertaii X M I I Automatic L-vJ Jru J l I V J V y oparatinf aVaamnaiiKjl mmo am condition. ... and be SURE to see thli EASY Combomatic WasherDryer That Washes and Dries EVERYTHING! Model CDK IT WASHES AND DRIES III ONE 27" WIDE CABINET COMPANY Medford's leading Appliance Dealer for the Past 29 Year 309 EAST MAIN PHONE SP 2-4427 1
