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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 3, 1960)
r I 4 10 MAIL TRIBUNE, M.dfoiJ, Or. Unanimity Lacking in Opinions About Stock Market3 Future By ELMER C. WALZEH UPI F'inanciBl Edilor New York - WPIi - The fi narffial district cherishes it old adiiop which says, "whe riever Wall i C.,. i. n. a n i mous in mous in any thing, it usual' ly is wrong." At the pres ent time one can discerf? a wide variel: rot opinions on Elmer WaUer the stock mar ket and its future. Unanimity just isn't there. Divergen' opinions even come from the same brokcr a, house. In the case of Paine, Web ber, Jackson & Curtis, the firm Is publicizing a diversity of market opinion of two of its highly respected market experts. Their vie s are) carried side by side In tie firm's "security buyer's revic" in ht th critics call highly objectiv editorial policy. Jfja v ireac) William Kurtz, senior mr kct analyst of Paine-Webber, ives his views under the heading, "the aggressive ap Droach." lie believes the current rrmriet is at the loer end g the i0 ran nd that th nuary-rrch dclin or. IS e ctnt "represented t typi tV ,)t-tr pdjuttmtiAt (t fi oncrllicI stt of th bull rt that bfin in 157." HnrrO D. 'Crenel", th firm director of research wrlfii under the caption, "0 con servative appraisal." Comer refers to the DovJ theory siRnol Uitt .occurrOrt on March 3 when the roils jnb to o new Io since 1959. He citac ffsuru; to shov that tha Daw theory spsittad 18 lt!r bvor mariats- "Both technicol and oco aomic espcts of tho curront Situation,1' soys Comor,- "pro vide a non - bullish back around, speaking generally." fi!iliiw!j Ftet'-at Kurtz asserts thot Ihia mar ket hse found stability and cites a group of stabilizing, . factors in the economy to help it - hitrh government expendi tures, federal resor"e flexible . nrrrfit pilicy. hkjiVi Wit-h rat-ij ' V! CSVo "vSiotJSI' "Wrn II, ton 'asling a sharp rim in family formations eftsr 12, yrovin.s importance of social curtly, unemployment com ;rn.Mtlon unti othr ovrn ment payn.ents, mov rf meni-rneut to iocrjtM pro (uctivity villi nc mchlnr; tnd tquimtnt, n rtyitl :fntion o: rrc,. Comir reclUv : rqutllj Shrmidibl? list of fvrw wiertet fsclors, eueli H rly discounting of thi slul tri, li',mUn f i:to m o b 1 1 r. ales tnd high tuto in!tntoJ, hifth interest nln. dsclin i rail traffic, hish ylatfle t bond draining tune's fro 't'IS, listening tttr of in f let ion, nri tl Antici;at4l. budet surplus. Kurtz sayi tlvi ;onoJ now Is influtneed mors b? lonf range rolh itctors than cylictl forcss. "Invie of thi eeorm?'s urjdcrlying growth nd its greater stability compared with prior eras," says Kurtz, "it is not surprising to fimS HOW.C-3 ... This In the last -nrl ftna iiroup of thru homr to Bed.. Houses are uaentlAlty com Dlcte with all exterior and interior walh and celling panel, all plumbing fixture. iminga, and piping, win rimva. doors, electrical lix tuir, roof tmiwea, flooring. eir. Hiewi mr tiome. cart in, or rental unit. Thee home a ere government maintained No Down Payment Kor thoe who enn qualify IOOV financing can be arranged- Monthly Payments Lower Than Rent! Monthly paymenU ran f low w $44.iK) per month. free Delivery! Houw delivered, rfady for anfinhlv, free to your lot within 50 ml lei of Medford Limited Supply! Only a few of thPts home are left and will he mold on a fint come flrat aerved ban it. Call, Write, Phone anre Dawaon. Project Reo- reaentative In Medford fol few dava beginning Satur day. Ma.v 28 at Crater Inn Motel, 700 S. Riveralde Ave., 10 A M. to 0 P M . .m-ludinf Sunday, Phone SP 3307. Friday, Junt 3, 1960 slock market averages in a growth trend, interrupted by only moderate adjustments." Kurtz recommends growth stocks, whili Comer suggests defensive issues. Bull and a Bear Kurtz suggests "one might purchase many Avorably sit uated Issuer in ralftd growth areas such as electronics, leisure-time industries, amateur photography, drugs and cos metics, bus'jicss machines, car and equipment leasing, auto mated retailing, aluminum, and plastics." According to Comer, "in vestment portfolios should hold more than their usual allotment of defensive type common stock, such as utili ties, telephone, bank, depart ment store, food and tobacco; also fixed income securities, Including convertible bonds. .New purchases of common Roseburg OIPD Dean Ellis, chairman of the State Tax Commission, has predicted there would be $11!,600,0JO Bvuuuuie lur mo. 10 education in the 1061-63 biennium. Ellis told .the Legislative Interim Committee on Edu cation ks based his prediction eti a fortes of $338.3 million in all bain; evtilobl ffased oa currant tsta taxation. Froptttin into tfce future, ItO prmHctrd thr would be f?lS7,200,OCIl tvailable for aid to ffducttlon in 1963-65. The, reason tha fljiur is less is bscausa of ff (23 million sur plus expecttd for the current biennium. Ellin .oeid th 1963-65 fig- ure wa more than $28 mil Ui loag than the committee thinfes will bj netded for edu cation then. tMB gifenlifey MED TOi ctiUfrinctiSfA thre bedroom, family room home, loSated next to thft l:i)f cooriTa in tha Bedford school district, has a strong rustic flavor, wl foaturfflj the latest in indoor-outdoor all-lectric living. ViVicCs, Irow, rustic overhangs with a lifetime shake roof, blending with beautiful Palos Verdes stone offer a minimum amount of upkeep, A covered patio includes a built-in barbecue. The yard is completely landscaped. A complete sUDe entry carries you into gracious family living beautified with wood panellings, beam ceilings, furniture-built hardwood cabinets and storage, mosaic tile baths and other features. Guaranteed by the Bronze Medallion, some of the all-electric living features are: modern cei&ng cable heat, Vacu-Flo cleaning system, indirect living room lighting, and an all-electric kitchen. Wired for full housepower, there are plenty of wall outlets and ampjp circuits for all your electrical needs. COME SEE THESE HOMES... stocks for capital gains should be selected wit! unusual can and in tho main should rcpn sent 'special siluatio!0'." Here we have a bull and a bear. One oclieves the mar ket has sec-nits lows and the other looks . f. ttW fnrtliiT rip- cline before new rie dn velnps. However, they have one idea in common, namely s lectivily. Kurtz, the bull, says "individual selection is the current key to investment sui cess rather than attempts to forecast (lie trend of stock market averages." Comer indicates ttial even in bear markets one can make a profit if lie buys issues "se lected with unusual care." After giving its readers the views of t he firm's analysts. Paine - Webber explores var ious industries and individual issues in each and adds a couple f pages on convcrtib" bonds and on municipal bonds. Discount Rafs Cisf Aufhorized Washin.p.ton fUPU The fed eral reserve board, confident I li a t businessmen and con sumers no longer are plagued by inflation psychology, has authorized a cut in the dis count rate from the present 4 per cent to 3'-l' per cent. The board authorized the reduction, effective today at the Philadelphia and San Francisro Federal Reserve banks. The same reduc'ion is expected to he jpiade at Ihe other 10 Federal Reserve banks. The board action followed a general easing in money markets in recent weeks and may be a signal that the board is ready to loosen up on bank credit even more. FORD'S FIRST Th(S Brons Medallion fi$) g5-rvr (Off Country Club Drive SoiuMti oftlf Couir)' In Country Clwfe "J" E. C. Conrad & Son 1409 Olaandtr, Medford R. B. Ungston tO Crown Street, Central Point .3 DRINKS ALL AROUND - Remembering their buddy, they poured a drink for Charley and frad one themselves at the Presque Isle Township cemetery near Al pena, mien. i cruwu wrta on uanu ior ine ceremony as Fred Piepkorn, left, fired a salute anS F. .. Stebbins poured a liba tion into the container at the head of the Shasta-Siskiyou Road Bid heskd Sacramento -(UPD- The State Division of Highways has re ceived a low bid of $7,469,832 on a project that will close the final gap in 30 miles of freeway amO expressvay on U. S. Highway 99 in Shasta and iskiyou counties. The propel calls for con struction ol 5.9 miles of four lane freeway between six- lenins ui a nine norm ox anoiQ gun crecK ann a mne souin oi Castflla. The low bid was re ceived from Slate-Hall-Hamilton, of Portland, Ore. 14 HtlM WATCH FOR THESE OTHER MEDALLION HOME OPENINGS: 4-1 NEWS' Central Point Pig Club The Central Point 4-H Pig club went on a judging tour recently. The Central Point Cud Chewcrs ;d Earle Jossy were the club's guests on the tour. We met at Frinks at 10 a.m. and brought our sack lunches. We judged a class of sows at Frinks and Jossy showed us how we should show them. We went to Carol Foote's home, nd judged a class of Guernsey milking cows and a class of Cheviot ewes. Jossy WW. WfuVE BETTER' Dale Niedermeyer 27S7 larch, Medford len Osgood 240 Skycrett Dr., Ashland grave. Years ago, deceased Charles Priest and friends made a pact that when one of them died, the oAers would visit the grave to pour a drink and have one them selves, yearly. The ceremony has been going on since Priest's death in 1936. (UPI Telephoto) showed us how we should show them, and Clem Ault told us about the Cheviot breed of sheep. Later, we went to Don Bradshaw's and judged a class of Hereford bulls. We also judged a class of Hereford cows and a class .' Hereford calves. GIRL STATISTICS OUT Los Angeles - IUP1I - The average American teen-age girl is 5-feet, four-inches tall, weighs 117 pounds and mea sures 34-24-35, according to results of a survey released today by 'Teen Magazine which polled 1,500 girls across the nation. Ji La MEDALLION HOMES! K.'S tf IV? I 31 Area Students To Receive OSC Degrees June 6 Corvallls - Thirty-one stu dents from the Medford area will receive degrees at the 91st annual commencement at Oregon State college. Receiving bachelor of sci ence degrees are: science, Mil ton E. T u c I e r of Central Point and Brent H. Carter; agriculture, Donn R. Johnson of Central Point and Russell G. Ferg; buSess and technol ogy, Barbara E. Baker, Ken neth A. Bittcrling of Eagle Point, Janet A. Carter, Larry L. Copple, Vernon L. Gleason, Martin D. Heitkamp. Monte rey G. Hoist, and James M. Zakrzewski. Education, Beverly A. Bur goyne of Central Point, Nor ma R. Chisum, Sharon L. James of Eagle Point, Maralee G. Chisholm Lopez, of Med ford, and Clarence O. Nellie of Prospect; engineering, Jon M. Clifford. Leslie R. Combs of Talent, Douglas G. Culy, Carl A. Dobrot of Central Point, Winston W. K u r t h, Richard L. Purdy of Central Point, Richard W. VanVIeck. Forestry, Robert E. Peder son and Clinton M. Peterson; home economics, Loleta Buell Cordy, Virginia H. Cunning ham, and Sheila A. Spence. Two Degrees Clifford B. Cordy, Jr. will receive both a bachelor of sci ence in engineering and in science. Receiving a master of edu cation degree will be Duane O. Richardson. Oregon State will confer approximately 1.800 degrees this year, including 46 doc tor's degrees, 315 master's, 135 bft'hJor's, and 2 pro fessional engineering degrees. The total is 150 more than a year ago. Commencement will be Tli Gold Medallion Nocmg 2824 Ko?SKoomt- Av&rau (off SoatUi ArAuirpfrif In La Mipadt) Griffifh I Embedded in tha front stop, tha Gold Medallion announces to all vis itors that you have a sound investment in your home Tha Lennox heat pump provides wintqr and summer air conditioning. Tha all-elfee-trie kitchen includes such appliances as an automatic garbage dispotsaj unit. City water and sewqr lines, finished curbs, gutters, and a pavd street enhance this property. Tha landscapad lot includes new topsoil both in front and behind tha housa. Inside, all kitchen counters are finished in ceramic tile. Fascinating peb- ble-stone tile graces the main living room wall, and the main and three-quarter sized bathrooms feature ceramic tila. Closet doors in the three bedrooms are of a bi-fold design and ex tend from floor to ceiling. All other dcTbrs and cabinets inside are of sen wood panelling. You are welcome to inspect this home to se the high standards of lighting, wiring, and appliances which earn it the Gold Medallion. ...THIS WEEKEND!.' lee Niedermeyer Niedermeyer Tra Medford Donald L. Ces Niedermeyer Tract, Medford June 6 at 10 a.m. with bac calaureate service set for Sun day, June 5, at 11 a.m. Both programr will be held In the coliseum to provide maximum seating for parents, guests, and One general public. Johnson will also be con 1960 DODGE TRUCK ImmadiatG Delivery! 6 Cylinder Economy Engine 9h.D. 3-Speed Transmission . Heater and Defroster Mo'ern Sweptline Styling Turn Signals Electric Windshield Wipers Gasoline Tank Outside of Serviced Ready To Go $53.40 per month Dodge Dodge Dart Dodge Truck Headquarters 315 East 5th - Next to Greyhound - SP 3-3687 B'ciildi&r0f Wmm Mi&g& Lit r:i-rin. VT-' JM missioned as a i ensign in the avy and Dobrot will be com missioned as a second lieuten ant in the Air Force. POPULATION CENTER Mexico City - More than two million persons live in this capital city of Mexico. 3) Cab ejd) I
