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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 20, 1960)
WEDNESDAY. JULY 20, I960 MEDFORD MAIL TRIBUNE, MEDFORD, ORE. A J No Over-All Pattern In Election Years Seen on Wall Street By ELMER C. WALZER UPI Financial Editor Now York - llll'll - Km' Id those miiny years, Wall Street cnmmimtnlnrs hnvc said the 1 stock market I generally rises In ii prosldcn tliil your. And now the Stuck Ex change In lis current Ihhik: itt It monthly in a K n 1 1 n c, "T Ii o E x- Elmer Waller change," looks over tin- hint flvo election years "lid concludes "There In no overall electlon-yeiir pat loin." Thai would seem to ho n coned conclusion because the Industrials ii nil rails rose In three of these five election ycura nnd declined In two. Gunnar Shakes Up GOP Office Staff Siilcm -lUPD- Oregon Rcpub liciin Cliiiinniin Peter Gun nnr, Salem, Tuesday announc ed a ihukoup In the slate COP Cen 1 1 al Committee office stuff and a cointnK shift In parly hend(iiiirterii to another lo cale here. Old CiOP hcudquiirtcrii here at IBB Commercial st. will be turned Into a cnmpaliin Infor mation post and new state GOP heudipiiirters will open eight doors down at 180 Com mercial on Auk. 1. Housing Authority Director To Speak Here Robert Campbell, director of the Lane County Housing authority, has been Invited by the housing committee of the Roguo Valley Council on At I ni! to speak Thursday, July 21, at 2:30 p.m. at the Red Cross building, Medford. William Iloxlc, chairman of the local housing committee, has announced that Campbell will speak on low cost hous Inn for elderly citizens, and all Interested persons arc In vited to attend. It will lake the place of the rciiuliir council meeting. There were declines In 1040 In rails and' Industrials. In lllllt luditslrliils declined while rails rose a trifle. In 11)5(1 Industrials roso while rails declined. Doth the av erages roso In 11)44 and 1052. Bait Gains Hut If one goes back to the beginning of tho century -Ifl presidential elections ago hc finds that Industrials gained In 10 of those years and declined In 9 while rails rose In 11 and declined In 4. The best gain for iin elec tion year for Industrials was made In I 111!!). On Dec. Ill, 11)211 they closed at exactly Hill), a record high up to then, and a gain of 07.00 points for the ycur. Railroad Issues had their best gain In 1052 when their average closed the year al 111.27 up 211.57 points from the 11)51 close. Declines where they oc curred generally wcro smaller than tho advances of other years. The widest for the In dustrials was in 1020 when the loss for that year amount ed to 3A.2B points. Tho widest rail loss was in 1050 when it amounted to 10.00 points. Many Influences "The stock market responds to many different Influences, ranging from the personal in vestment decision of an indi vidual to tho Federal Reserve Board's Industrial Production Index,"' the Exchango notes, and none dissents from that view. "Even an event as Impor tant as a presidential elec tion must be weighed in the broad context of other market factors," the magazine con tinues. And that too Is ac cepted. However, on the basis of the actual figures for presi dential election years, the mar ket has risen in the ratio of two. to-one. Tho Exchange, in summing up Its conclusions, topped by the one which finds no over all election year pattern, notes that the market Is influenced more by deep-seated economic factors than by political con siderations - "although ad mittedly the latter may affect the former." FLYING MACHINE - Laurie Jane Coombs isn't from Missouri but the cause of her Incredulity is It's a flying machine built by two Missouri high school students, Eugene R. Williams and Jack llyltone of Norwood. The flying saucer, called a "Ground Effect Machine," Is among 4,500 projects being Judged In Dearborn, Mich., at the Inter national finals of t he Industrial Arts Awards competition sponsored by the Ford Motor company, (UPI Telcpholo) Back Stairs: Resort May Name Street For Ike; But Councilman's Unhappy By 8TEWART HEN8LEY United Prtu International Newport lliPD-Newport City Councilman Erich A. O. Tay lor, who sports a "Kennedy for President" badge on his lupcl, has agreed reluctantly to a proposal to rename one of the resort's streets for Pres ident Elsenhower. Taylor, one of five Demo crats on the seven-man coun cil, voted In 1057 against In viting Elsenhower here. And this year when "I Like Ike" buttons were passed out at a council meeting, he threw his on the floor and stamped on It. There's now a council com mittee seeking a street to re name for Ike but it's running into trouble becauso most of the main thoroughfares have designations rooted in the his tory of Newport when it was the fabulous playground of millionaires. Councilmcn do not like to tamper with the past. Meanwhile, the Navy has named the road lending to tlc President's quarters "Ei senhower Place." The President gained stat ure as a political seer last week when he accurately pre dicted to his golfing friends that Texas Senator Lyndon B. Johnson would be the Demo- cratlc nominee for vice presi dent on the ticket headed by Kennedy. Friends who disclosed the President's private prediction did not say how he arrived at his conclusion when most political pundits were taking al face value Johnson's dec laration that he wouldn't take the post. The weatherman has smiled on the President so far, giving him an almost uninterrupted string of brilliant sunny days for golfing at Newport Coun try club. During the first 11 days at the summer White House here the President was unable to get on the course only one day because of the weathcr a drizzling day-long rain. He failed to play one other day but it was not the fault of the weather. He Just de cided instead to fish for rain bow trout at a fresh water lake on the 2,000-acre estate of a friend across Narragan- bP Tffigg" n to u e.t. otAUxs. womikut distmct "- fla ' ' tSl"""1''1 srrtcr.vz nwoumv. rate ea t i iOTXTlF " 4T1 SPICIAL TWY SALTS SVWT KCUIStrtLY TT. $ H-S L""'" THrst sroocTiws enailc you to orrfa wis custcwsj tms , !5lT'f';i' -TJ .OTjrAug:roMWi.u in ou twTi aisTosYi I Pfflj J? 1 At. II I t'"' I. 1. HTYU00O . litt.i'CLU'! "Ml"ICI... I (OTOWUT DISTRICT KAXACU J 111 I If T I I H W"- ' NIB I fegggy 0l!ffl4, w JCJn1 """ ml' i f I . , - '-"I'.t m !t',mm n - m ----- - . oi.,'w.M i ' .'i ' '-'-.Air.L i ir.-;,j -?7;y i . .rcn5tr-1 j ' . IM WICt... l j '!i "Tv 's IS.0AY IAU W"- I ,MAllP,,ei I I : , ' i mr A im 1 1 K vi JsIWS4ii1 fes! '197" r "sTr HURRY! PRICES EFFECTIVE THROUGH MONDAY ONLY! Hjpco It Fmoui lo' OnIUy Sorvica 115 E. MAIN MEDFORD i 11S I. Msln, Aihlsnd Don't wait . . . buy now on convenient monthly termsl sett bay from Newport, The crisis in the Congo and Cuba and the growing bitter ness between the Soviet Un ion and the United States have been much on the Presi dent's mind during his vaca tion here. He was heard one day discussing the Congo sit uation with Newport Country Club President Howard G. Cushing while the two were preparing to lee off at t h e course. It is unlike him to carry his cases onto the course. 'Kidnaped' Man Says Story a Hoax Tacoma - ftfPD - Ronald G. Boone, 28, Tacoma, who was found on an eastern Oregon highway Sunday claiming that he had been kidnapped and robbed of $3,000, admit ted Monday his story was a hoax. Boone, who broke down under questioning by Tacoma officers and FBI agents, enter ed a pica of guilty to misap propriation of U. S. funds when arraigned before acting U.S. Commissioner Dewltt Rowland. The federal charge stems from $2,300 in government bankruptcy money held in escrow in the Empire Credit Bureau office of Tacoma of which Boone was assistant manager. Boone told officers he took the money "acting on a sud den impulse." He said he drove a car to Oregon, abandoned it and then told authorities the story of being robbed, kidnapped in the trunk of a car, and beaten. Drowning Victim Identity Unknown Athena-fDPU-Umatilla coun ty sheriff's office tried Tues day to learn the identity of the body of a drowning vic tim. The body was found Satur day in Wild Horse creek with in the city limits here and was throught to be that of Vcrlin Keith Byrns, 40, Grants Pass, Ore., according to papers found on the body. But a check showed Byrns was in the city jail at Grants Pass on a traffic violation. Byrns said he did not know how the man whose body was found came in possession of Identification belonging to him. Two Fires Burn Out of Control Ellensburg, Wash.-HJPIl-Two range fires, southwest and northwest of here, Tuesday were burning out of control as more than 175 firefighters at tempted to trail the blazes. The larger of the two fires had burned more than 2,000 acres of pine timber, sage brush and grass In Wcnas Val ley, 25 miles southwest of Ellensburg. The other, raging on both sides of Highway 10 In the Swauk Creek area 14 miles to the northwest of this city, we reported to cover more than 300 acres of pine timber, sagebrush and grass. Gunman Tripped by Waitress' Kiss Dallas - A pair of gunmen went too far when they kissed waitress Jenny Smith after robbing a restaurant of $650. Waiting outside for Miss Smith, 24, was her friend, Herbert Kluegle. He saw the kisses and took down the gun men's license number as they drove off. Fifteen minutes Inter police nabbed the bandits a lew miles outside of town. The loot was still In the car. Many Missionaries Working Overseas New York-There are about 25,000 Protestant and 6,800 Catholic religious personnel from America working to ed ucate people overseas, accord ing to tho Rev. Thomas J. M. Burke, author of the recently published "Sinews of Love." Father Burke said some half million children of every race, color and creed are be ing educated by the Jesuit missions in 30 countries. Automatic machinery with as many as 10,000 parts can turn out glass bottles and Jars at the rate of 250 a minute. Silk Appointed Hospital Chief Salem - HOT - Dr. Emanuel I. Silk Tuesday was named superintendent of Eastern Oregon State hospital at Pen dleton by the Oregon Board of Control. , He takes over Sept. 1. ' , He succeeds Dr. Donald Ware, retiring after serving as superintendent for the past 19 years. Dr. Silk, 50, has been assist ant superintendent since Oc tober, 1950. He is a graduate of West Virginia university and the University of Kansas School of Medicine. Teacher Quits, Takes Job in Butcher Shop North Troy, Vt.-Robert Gal Ipcau, who quit teaching mathematics and science sev en years ago to work In a butcher store, returned to the classroom recently, "With this store business under my belt," he said, "I think I can convince even the most reluctant student how important math is. "You really have to know it to run a grocery store. You've got to figure things down to the last penny." About two -fifths of the total area of British Columbia is in productive forest land. Fleet Reserve ;; Elects Officers Bola Molnar, Eagle Point was elected president of the Fleet Reserve Association Branch 186 hero recently. Other officers Include John L. Cox, Eagle Point, vtca pres ident; and Laurence Cutfel, Medford, secretary-treasurer. Past president George OaU bralth, Medford, installed new officers. ; Molnar pointed out that the FRA is composed of enlisted men of the regular Navy of Marine corps with six or mora years of active federal service in the armed forces of the U.S. t 1 ,rJ , ' i ' , ' 1 1 it i : 'A 1 f 1 f 1 1 CD i J i'A 3 XJ L,ytJ wti t Vv , i-V ' , .t:-JteWt -rf Junto-: ' 1 '.'M&A - ' - f J'- ' .i ' -i - . j ' -a- -". . - .-.I Wlfc' - - "1PW- V9T- '-HWik.,-. -t1 - ' vuhHW - - --xBW- -!" '- --7 -j,. y. . . . . i i ; i i , . i " i : i ' ' - i i . ( fy ' . , ,r , . - MM B MJ6, Ll i i i ? m ff It PAT 9ff. ;i HAS MORE'! GET VALUE, LIFT, REFRESHMENT TOO! - t i 4 I I t i ' j . J i u (,J 1 i' 1 i i i letM (odti MiHiettty t IK Cod-Cols Compmy by' : COCAOU BOnilNO CO. f V,:;r;"3-:0 N. C" 1. )
