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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 15, 1960)
o o WEDNESDAY, JUNE 15. 1960 MEDFORD MAIL TRIBUNE. MEDFORD, OIE. DERBY QUEEN Queen Dee Lawson (third from left) and her court will reign over the Medford 20-30 club's annual Catfish Derby at TouVelle State park Sunday. Miss Lawson and her princesses were elected by their lophomore classmates at Medford High school. From left WW I, i Hi . -r w-v.'T. - Ail, w V i HE'LL APPRECIATE A CHANNEL MASTER TRANSISTOR RADIO $5995 TROWBRIDGE & FLYIIII 214 West Main Phone SP 3-6241 BIG Y APPLIANCE CENTER Phone SP 3-3052 j'l ,Mfijgjg "" " '4T- . . v i '.? its" il rfl' v i 11 i ' IF DAD'S WEEK-END v. - . . HLft , ... 1 ;T " J FOR BOATING FANS Modal 6514 A handsome 2-bander. Hear ship-to-ship or ship-to-shore messages, weather, distress calls, fishing re ports. Standard band brings in your favorite music and news programs. 10-tube per formance. Complata with laathar cut, earphone, and other aecetaoriee. Terms -, . ' m Oldsmobilel And right now m the brat tune ever to tee your uio lLJ Z CX Dealer. Hell show you thxt a new OMa costs em than you'd irueMt vou'U. do ittih at your OLDS diaiir'i DARRELL MILLER CO., 415 S. RIVERSIDE are Sandra Bates, Teresa Six, Miss Lawson, Vickey Enders, Nancy Maxson and Judy Ayres. Miss Bates and Miss Enders, however, have elected to attend a church summer camp, and will not be on hand for Sunday's festivities. Knackstedt Photo) 25th Annual Catfish Derby Scheduled at TouVelle on Sunday Girls, games, food, prizes, I entertainment - and maybe even a catfish or two - will highlight Sunday's 25th an nual Catfish Derby at Tou Velle State park. Opening ceremonies for the event sponsored each year by the Medford 20-30 club will begin at 11:30 a.m., according to Derby Chairman Dick O'Dell. On hand .will be Derby Queen Dee Lawson and three of her five princesses, Teresa Six, Nancy Maxson and Judy Ayres. Two other members of the court, Sandra Bates and Vicky Enders will be out of town attending a church sum mer camp. Elected By Classmates The girls were elected by their sophomore classmates at Medford High school. The picnic-style family af fair will last throughout the day. There will be no admis sion charge and no entry fee for the catfish contests. Prizes will be awarded for the largest, the smallest and the most catfish. Fish must be in good condition, but may have been caught at any time, anywhere in the continental United States. Entries must be Girls State Delegates Keep Sense of Humor Salem- (UPD -The 250 young women studying government here at Girls State made sure they didn't lose their sense of humor. The teen-agers have set up mock counties and cities and came up with these mythical areas: Sunburn county with cities of Blister and Peel; Spy county with cities of U-2 and ME-2. Togetherness county with cities of You and I, and Sense county with cities of Little and None. E u g e n e (UPD The State rioard of Higher Education's building committee has moved to condemn property near Oregon State College for future dormitory construction. Good timrm . . . good trareling ... an Oldsmobile! And right now is the bnrt submitted prior to 3 p.m. Best Fishing Award The Grand Champion award will go to the person displaying the best all-around fishing ability. Contests slated during the day include pie eating, sack races, egg throwing and bal loon blowing. Prizes also will go to the boy and girl with the reddest hair and the oldest married couple attending. Refreshments, including hot dogs, candy, ice cream and soda pop will be sold. A por tion of the proceeds will be donated to . the rheumatic fever fund. Motorists Urged To Use Caution Washington - (UPD - Traffic accidents involving school-age children increase during the summer months, George R. Hammond of the American Automobile association, warn ed in a plea for more motor ist precaution. Hammond offered these safety suggestions: -Teach children to cross streets only at intersections. never to dart from between parked cars, and to look both ways before entering a street. -Keep youngsters from playing in the street by find ing them a supervised play area. -Instruct children walking or bicycling along the street to keep on the left, facing traffic, and be sure bicycle owners know the rules of bicycle safety. Above all, motorists should drive slower and keep alert for children to do the unex pected. Pilots Restrained From Boycotting Chicago - (UPD - A federal judge Tuesday Issued a tem porary order restraining mem bers of the Air Line Pilots Assn. from boycotting Jet planes carrying federal In spectors In the third pilot's seat. ahead for you when jrou time ever to tea your Old People Making Good Stocks Not By ELMER C. WALZER UPI Financial Editor New York-OIPD-In the old days when an investor was considering buying a stock, he would ask such questions as "What's the d I v i d end?", "What's the yield?", and "H o w many times earn ings is it sell ing for?" In these Elmer Waller make good days people money buying stocks that don't pay a divi dend and never have paid one. Also the bid rule of thumb that good common stocks sell for 10 times earnings has been given a jolt with some issues selling at more than 50 times earnings and doing right well pricewise. The New York Stock Ex change in the June issue of its m a g a zi n e, "Exchange" delves into these angles. On the times-earnings prob lem, it notes that old Wall Street adages like the one about 10 times earnings neith er die nor fade away, "but they certainly lose some of their luster at times." Stock Liitingi The magazine lists 40 stocks, 20 selling for less than 10 times earnings, and 20 sell ing for more than 25 times earnings. In the latter list are such issues as Polaroid, selling at 78.6 times earnings: Texas In strument at 53.4 times, and International Business Ma chines at 54.5 times. Four of the issues in the other group, American Sugar Refining, International Har vester, Northwest Airlines, and U.S. Lines are quoted at less than seven times earn ings. When one issue sells for only slightly better than five times earnings and another nearly 79 times, the 10-times ratio becomes a shaky meas uring rod, Indeed," says the Exchange. Othir Factors Noted It notes that most people take a great many other fac tors into consideration before making an Investment, such as apparent trend of economic conditions, the calibre of man agement of the particular company being studied, the rate of its growth, the sums spent on research, the pro portion of profits plowed back into the business and the gen eral outlook. The principal reason why some common stocks sell so high in relation to earnings is investor confidence that over the long pull those is sues will do well and reward their owners handsomely, says the article. A major drawback to the price-earnings rule of thumb, the magazine notes, is the fact that a corporation's past earnings are no guarantee of what they may be in the fu ture. Another Conclusion Another conclusion from the article Is that few of the issues in groups which sell for either high or low prices in relation to earnings are found in the volume leaders on the market. 'Whv should anvone our- chase a block of stock In an enterprise wnicn nas never, paid a cash dividend?" the Exchange asks and answers. t 'It all depends on the per son queried. "For instance, an Investor who bought a block of Texas Instruments six years ago for less than $10 a share might tell you that the lack of divi dends was more than offset by the 1959 closing price of above $170 a share. "You'd get a different an swer, though, from the owner of a block of International Railways of Central America Thornton Rules on Spending of Funds Salem-(UPD-Attorney Gen eral Robert Y. Thornton said Tuesday a school district has no power to spend public money to advertise or Inform voters of bond Issues, serial levies or levies In excess of the six per cent limitation. The opinion is one of three dealing with school matters requested by Dr. Rex Putnam, superintendent of public In struction. Expenditure of public funds to advertise purposes of a bond issue must be expressly authorized by the legislature, Thornton said. Such use of funds would be unfair to elec tori opposing a bond Issue, he said. Portland WD Five Japa nese destroyers, which spent six days tied up at the west seawall of the WlllametW rl ver, pulled away Tuesday and Payinq Dividends who paid $26.25 for shares which had a year-end closing of $12.25 each." Other Answers There are other possible answers, such as the purchase of non-dividend payers on the BE REALLY REFRESHED AROUND THE CLOCK! Here are four easy ways to serve "Fancy Franks." 1)Slice a hot frank, stuff with cole slaw, 2) Roll frank In slice of mustard-spread bread. Fasten with wooden pick, brush with melted butter, brown in hot oven. Add olives. 3) Mix relish into canned baked beans, pile into sliced of dill pickle, red sash of pimento. Serve with ice-cold King Size Coca-Cola. Only cheerful lift ... that cold crisp taste that brightens any bite. Serve this Hors d'Oeuvres Pie for a midnight snack with King Size Coca-Cola. Just take a center slice out of a round loaf of dark or white bread. Decorate with a circling of devilled ham and egg salad. Mix yellow pasteurized processed cheese spread with softened butter and pipe along the edges with a pastry tube. Garnish with cucum ber slices, sliced olives, cream cheese and a radish. Cut Into wedges and serve with Ice-cold King Size Coca-Colal TRY THESE TEMPTING TREATS WITH BIG KING SIZE COKE! ata.u.s.FAt.orr. Bottled under authority of The Coca-Cola Company by COCA-COIA BOTUINQ CO. of MEDFORD - 600 N. CRAP Attend the Games of the Medford AMERICAN LEGION JUNIOR BASEBALL TEAM Coca-Cola Bottling Co. of Medford is the Grand Sponsor Money on hope or expectation that cash disbursements will be made eventually. Others are bought for capital gains. Dividend payers average higher in price than non- dividend payers on the basis of parallel lists carried in the Exchange magazine. The dividend payers register wider market swings, running to 97.4 per cent in Texas In struments. The magazine In another article lists 12 companies which boosted their annual dividends consistently during the past decade. If an investor had held 100 shares of each of these 12 through 1950 he would have 9 franks, pop in hot oven. 4) Put received $570 in dividends for the year, or $47.50 a month. If he continued to hold these stocks, retaining shares received in splits and stock dividends, his 1959 dividend income would have soared to $1,532, a monthly average of $128. That's a gain of 169 per cent. "Past performance, o f course," observes the Ex change, "is no promise for the future." hot frank in bun with slice Coca-Cola gives you that headed for San Francisco. . . a.a
