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-
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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.
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