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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 23, 1960)
8 D, MEDfOHD MAIL TRIBUNE. MEDFORD, ORE. I THURSDAY, JUNE 23, 1960 WW A"?. -Wj. iTy Cautious Optimism Factor in Lengthening Business Boom TALL QUEENS The Atlanta, Ga., Sky-IIigh club Is serving as host to some 400 tall delegates from throughout the United States and Canada at the 14th annual convention of the Tall clubs. These nine girls are among the 16 tall girls competing for the crown of "Miss Tall America of 1960." From top, they are Pat Anderson, Dallas, Tex.; Alida Brussee, Cleveland, Ohio;' Barbara Ilelgescn, Milwaukee, Wis.; Liz Schafcr, Los Angeles; Connie Adams, Atlanta; Elinor Frey, Cincinnati; Margaret Lloyd, Monrovia, Calif.; Nancy Millikan, Dayton, Ohio, and Joyce Maupin, St. Paul, Minn. (UPI Telephoto) Seminar Set at University Campus Eugene - Gov. Orvllle Free man or Minnesota will lop a rosier of outstanding . news men and educators, who will be featured as discussion leaders at an American Politi cal Science association west ern seminar at the University of Oregon June 28 to July 6. The seminar is being held for winners of the APSA pub lic affairs reporting awards. Directing the sessions here will be Warren C. Price, act ing dean of the university's school of journalism and a professor of journalism, and Evron M. Kirkpatrick, cxecu- By ELMER C. WALZER UPI Financial Editor New York IUPD - The Fitch survey in its semi-annual fore cast for 1000 finds the current cautious of oil and "no appreciable erally, and it believes the in near term improvement in dustry has made important sight," Fitch finds some good strides toward improved effi- tive director of the APSA Washington, D. C. They will be assisted by Howard Pcnnl man, chairman of the depart ment of political science, Georgetown university, who is consultant to the APSA. OUT ON A LIMB Kleen, N.H. (UPD Lawrence II. Robblns, 22, or Dixville. Maine, really went out on a limb after escaping from the Cheshire County Farm in Westmoreland. He said he climbed a tree after escaping, thought the whole thing over, decided he made a mistake and then hitchhiked back to give himself up after a few hours' absence. The judge in Keene Municipal Court gave him another 30 days to medi tate about his actions. year, it says, will be one of Elmer Walter c o n t i n ucd growth, "although not quite duplicating the record high pace of business during the first half of I960. "The American economy will still continue on a high plateau through the second half of I960, with the admin istration likely to do all it can to maintain this prosper ous state of affairs. "Stock market prices should continue to show vigor during the remainder of the year, albeit interlaced, as usual, with intermittent periods of profit-taking." The survey, noting that re coveries in the business cycle usually lust about three years, holds that the recovery should carry into the middle of 1061 at least. The survey, published weekly by the Fitch Publish ing Co., is an economic and market advisory service. In its current forecast edi tion, it devotes sections to the various recent market fea tures, including the electron ics, office equipments, "pleas ure time" field, and utilities. Also it devotes space to what it calls the "rolled" oils, mer ger "panacea" for the rails, and some good words for the steel industry. Admitting that many stocks are too high, the survey holds that a considerable number still is priced reasonably, not ably the oils, steels, and chem icals. It lists the airlines and "leisure time" groups for the more speculatively inclined, and for those with a more con servative bent "convertible bonds provide attraction, of fering both reasonable yields and protection against higher price movements of their com mon stocks." Fitch sees a new crash pro gram ahead for the electron ics, especially in military and space programs, but it admits difficulty in selecting stocks in the group where risk has been minimized. It lists a few that fit this classification. On office equipments, Fitch has the following to say: "In the world of office au tomation - a period that is being increasingly entered un der the energetic and devel opment efforts of a myriad of apparently dedicated compa nies - the only human in the office will probably be some one whose major concern will be that on the order of a care taker." Noting that the oil compa- I nies arc hard put with a glut news for selected oils The heavy supplies of oil opti- have accelerated development mism a major! 01 new uses, it says. Also ox- factor in' penses are being pared wher 1 e n gthening ever possible, and efforts are the expansion being made toward an im in b u s i n ess proved operating efficiency and the stock, to offset weakened prices, market. The service believes that The current the adjustment for the steel industry which has forced op erations down sharply from earlier in the year is ncaring its end. It anticipates some further erosion over the next month or so followed by a re covery, inspired by several factors. Among the favorable fac tors for steel, Fitch lists the prospect of an early return of steel buying by automobile companies for their 1961 mod els. It also looks for buying soon to replace depleted steel inventories by consumers gen- ciency. Under such constructive forces, it holds, "it would ap pear that the period of ad justment for the industry is rapidly drawing to a close, with considerably better in vestment iavor developing for some of the equities." Fitc'i believes that the de cline in stock prices which be gan in January was caused more by over-optimism in De cember than any real deteri oration in the business out look. "Instead of the uncontrol led boom with the usual pain ful aftermath, that was then widely expected," it says, "it now seems 1960 will be a year of sound growth and prove all to the good." Sheridan, Ore.-iUPH-Madras cowpoke Amber Thornburgh Sunday won all-around cow boy honors here at the 1960 Phil Sheridan Days Rodeo. Major Victory For Khrushchev Seen in Reports London-IUPD-Reports seeping from a closed Communist sum mit meeting in Bucharest in dicated that Nikita Khrush had won a major victory ovyr chev had won a major victory over Red China for his policy of peaceful co - existence and had proclaimed another dra matic break with the past. In a move interpreted as his most daring breach with tra ditional Communism since his historic denunciation of Josef Stalin, Khrushchev declared that Communists must inter-' pret the writings of Marx and Lenin in the light of the times, j At a closed meeting coin ciding with the Romanianj Communist, Party Congress in Bucharest, Moscow radio1 quoted Khrushchev as saying: "We live in a time when j we have neither Marx, nor Engels, nor Lenin with us. If we act like children who, studying the alphabet, com pile words from letters, we shall not go very far." The teachings of Marx, En- gels and Lenin heretofore have been considered as nearly in violable dogma. Any depar ture from them has been con sidered heresy. Moscow radio and the of ficial Soviet Tass news agency reported that Khrushchev's views were expressed in a two-hour speech attended by top-ranking party leaders from Eastern Europe and an observer from Red China. Western newsmen were bar red from it and Khrushchev's words apparently were not made available to them in the Romanian capital. AMBASSADOR EN ROUTE San Francisco - Mil - Gen. Carlos P. Romulo leaves to day for Washington to his post as Philippine ambassador to the United States. NEW REYNOLDS PREXY Winston-Salem, N.C.-lUPD-Alexander H. Galloway was elected president of the R. J. Reynolds Tobacco Co. Tues day night. HELP US! We need clothing, ihoes, dishes, furniture, and bedding. We Pick Up. HELP OTHERSI The Salvation Army 30 N. Holly SPring 3-733 New color for drapes in just 30 minutes! INTEX...araazing dye discovery works in your automatic washer! No boiling! No mixing! No straining! Pour Tintex in your washer . . . your washer does the rest I Exciting new color for apparel, bedspreads, rugs, slipcovers, linens, in one washing machine cycle. Perfect results guaran teed. Twelve washing machine colors, 98 each. Manv other fashion colors in the 25c1 size. If you can wash it fflif ...you can dye it with I f RIGHT NUMBER. One 6-pak of Bud is good, but two's even better. Bucbveiser. is the King of Beers and no party should be without it. Where thr Life . . . thiV Du4 o ANHEUSER-BUSCH. INC T. 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Tootsie Roll Midgees tXtlSZZL 29, WELCHADE 3 1 100 SWANSDOWN ANGEL FOOD E57 IS? r CAKE Ml 2L pkgs- 5) .., ., AGAIN AVAILABLE nDIFn PDMMPQ 2-,b- SQ FRESH PRUNE PUREE UlllkU I ItUllkd ,aq WW We '1t,ve been temporarily out of this popular new item ... (if you like prune juice, you'll (From Myrtle Creek) love this.) MORREll'S PRIDE Picnic Hams BONELESS FULLY COOKED 1 'i-lb. Tin $129 EACH -ED MILNES QUALITY MAL1GCHT 2w fM FREE DELIVERY 3W..M..n DMftNl? O "7 AAA We Are Closed Not to Cope. PHONIC 3-74W Sunday, -.) O U O o ') 0 () 0
