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. LM" NEWARK LOS ANOCLCS UAM
n O
MEDFORD'S FINEST MEATS SINGE 1940"
FANCY "CHOICE"
BONELESS
BEEF ROAST
Try One on the Bar-B-Q
Sirloin Tip and Boned and
Tied "Choice" Round
'CHOICE STEER'
ROUND
STEAK
"Choice"
Center
Cuts
"CHOICE STEER'
GROUND
CHUCK
SJSJMSJJJJSjliMSSJSJJJJJJJJJJ
u
"Merril Gem"
Yellow Cling
PEACHES
POUNDS
Sunkist (Medium size)
LEMONS
DOZEN
FIRM RIPE
WiF BANANAS
2
POUNDS
BRIGHT GREEN
Juicy Tender The Finest
BONELESS "CHOICE
CORNED BEEF
BRISKETS
OUR OWN
CURE
Zuchini
Squash
POUNDS
EXTRA LEAN
"CHOICE" SPRING
LEG 0'
LAPIB
Sweet
and
Tender
LAURA SCUDDER SUPER JUMBO IJ&I fflf
POTATO chips supa 5v
BAKER'S FARMINGTON . ,
CHOCOLATE BARS f2 lot! ?3$ht
PLAIN OR AIMONP Ql bars M Or
STANDBY
LIGHT MEAT
TUNA
4 TINS
$00
"HEINZ" WHOLE
Sweet
Pickles
Large 25-oz. Jar
Jill
00
- FRESH -GROUND-BEEF
39! -1 0 s375
NEW! 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,
-.)
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