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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 24, 1960)
WEDNESDAY. AUGUST 24. I960 MEDFOHD MAIL TRIBUNE. MEDFORD, ORE. 6 They'll Do It Every Time By Jimmy Hatlo 7VOl) X V f VANILLA IS VANIULA CANTHURT TWEIR CAN TAkE rT MV SKUNK V 60IN' ON THE ( FEELINGS--! HOPE SHES GOT ' MY BY7E-!wArtX VACATION , BUT MNSEj ENOUGH TOLE AVE THEIR EVENING BE JUST THE ITS THE OTHER DUDS IN THE MOTH - 8 ALUj ' DRESS". I A THING FOR THE SALS' WARDROBES -FLEET-" WON'T BEGOIN' I EVENINGS ON THAT LL CATCH ON VACATION j V THE PORCH-T ALL THE iue cJVf7 E ONLV . Listening to the office sals dress up the pal who's GOING ON VACATION- TOW aho a vp of ,,?t TUP UATItl uA-r Trt V XHUCK" BOWDBN AKRON OHIO Advance in Last Session Lifted Market to Plus Side By HENRY J. BECHTOLD UPI Financial Editor New York -IUPD- The stock market needed an advance in the last session to rift it on to the plus side for the week. The Friday advance on av erage was the tenth in the last 12 sessions, and also marked the twelfth consecutive session that more stocks advanced than declined. The market in general was rather hesitant this week with trading slowing down substantially from the previ ous week. Market technicians note, however, that it is only natural for the list to take its time after two weeks of al most uninterrupted advance. Most of the trading com munity is pleased that the market has been able to make The Family Council Editor's Note: The Family Council consists of a judge, a psychia trist, three clergymen, three editors and a women's editor. Each article it a summary of an actual case history. The Council reports on problems that have been dealt with by responsible agencies and counselors. pjSmall FflWorlds ft 3 Around By Lynn M. Watkins Investors Seem To Have Lost Confidence in Transportation Industry, Says Publication 150. Marilyn H. - Mother is standing between me and hap piness. Mrs. L. R. - She should sacrifice for the children. ... Marilyn H. - I am a wid ow in my late 40's, with three children ranging from 10 to 15. I have been extremely lonely since my husband's death four years ago and have not gone out with any men until recently. A couple of months ago I met a divorced man of about my own age and became involved in an affair with him. Gil is seriously interested in me, but was so badly burn ed in his first marriage that he is frightened about taking the ultimate step. We want very much to take a short vacation together to see how things work out between us. I have asked my mother to take care of the children, as she has done before for short periods, but she refuses. I feel she is standing between me and great happiness. Mrs. L. R. - I am shocked at my daughter's foolish carrying-on. I am sure the chil dren will realize what is go ing on - if they don't already. Is this the kind of example she wants to set for her 15-year-old daughter? Marilyn says she has sac rificed enough for her chil dren, but I think there is no limit to what a mother may have to do for her children's sake. Many women sacrifice life itself for their children. Marilyn should accept the fact that her chance for a second marriage is far from good. I was widowed myself at about her age and I know how hard it is, but I think a woman iust makes herself more unhappy by brooding about that. You've got to learn to take life as it comes - for better or worse. The Council: Mrs. L. R. cer tainly has a valid point when she is concerned about the affect of Marilyn's conduct uDon her children. Her suspi cion that the children already sense what is going on is prob ably correct - and it is cer tainly doing them no good. We do feel, however, that Mrs. L. R. paints too dark and stern a picture of the fu ture for her daughter. It may be that this picture is pre cisely what has frightened Marilyn into her ill-advised affair. It is true that a mother's instinct will drive her to sac rificing her own life in an emergency to save a child, but a day-tQ-day, year-in, year-out program of sacri fice simply is not realistic, The woman who undertakes such a life is bound to bear some resentment and this will seriously affect her children. It may be that Mrs. L. R.'s program of sacrifice in her own life is what has led her to take a vague and perverse satisfaction in her own daugh ter's present unhappiness. Marilyn ought to think about herself - as well as her children. But she should try to think sanely and without fear. When she does that she will begin to see that the course she has chosen is far more likely to lead her to c o n s i d erable unhappiness than to happiness. The "trial marriage" idea she has in mind has been abandoned by nearly all of its early proponents. The fact is that there can be no sucn thine because the essence of marriage is its permanence, its stability. Two people wno have committed themselves to one another enjoy a rela tionship in an entirely dif ferent emotional atmosphere from two who are uncertain, witholding and necessarily suspicious about one anotri er's motivations. Marilyn need not look for ward in dread to a bleak, lonely life. Many women man age to find considerable richness in life without second spouse. Many others make second marriages and there is no reason why Mari lyn shouldn't be in that num ber - if she doesn't get en tangled in a web of error and heartache. (Copyright 1960. General Features Corp.) tIJ PLUMBING & "I SHEET METAL CO. 52-Gal. Glass lined , ELECTRIC WATER HEATER $8950 I Add 10.00 (or average Installation. I I Nothing down on approved credit. M g . OpenSatoryourconvenience f M Loh of Parking Spaeer f such progress in the face of the economic and foreign news background. It is this unchanged status of the news background that makes most of the market ex perts hesitatant to forecast a sharp and sustained rise at this juncture. The general consensus on Wall Street is for the stock market to move out of its summer doldrums and trend upward, but not until domes tic business activities pick up. Many Hopeful Signs There were not many signs of this happening this week. Steel - production improved slightly but Iron Age maga zine said the timetable for a significant upturn in output has been set back again be cause new steel orders at some mills are lower than they were just two weeks ago. Nevertheless, the magazine said, an upturn in mill busi ness still is on the way. Giant U.S. Steel Corp. was hit by a strike of its union railroad subsidiary which al ready has idled about 30,000 steel workers, and prospects for an early settlement ap pear slim. Railroad shares advanced in 11 out of the last 12 ses sions. Union Pacific, however, blotted this performance with the announcement that it has reduced its work force by ap proximately 1,200 workers be cause of lower revenues and earnings. Utilities edged up in 10 of the past 11 sessions to their best level on average since June 7, 1930. The announcement by the government of record gross national product in the second quarter, steady industrial pro duction in July and record personal income in July fail ed to stimulate investor in terest. Disclosure of a rise in short interest on the Dig hoard" to the highest level since mid-May helped improve sentiment slightly on triday. A large short interest repre sents additional buying which must be done eventually. Sales Drop Sales this week supped lo 13,702,603 share, or a daily average of 2,740,520 shares, from 14,699,940, or an aver age of 2,939,988 shares per day the week before. American Motors, which an nounced new styling changes and forecast a 26 per cent Jump in sales of its 1961 models, was the sales leader with volume of 328.7UU shares. It closed up lVs at 23Vi. AVCO, helped by a good earnings report, was runner- up with sales oi juu.uuu shares, and finished i' 1V4 to 16. General Motors, Lock heed and Glen Alden rounded out the top five. The Dow Jones averages at the close Friday showed m industrials up 3.09 points on the week to 629.27; 20 rails up 1.38 to 139.73; 15 utilities up 1.48 to 95.53, the best since 96.03 on June 7, 1930; and 65 stocks up 1.17 to 208.B5. Stock movements were in fluenced bv various company announcements and bits of news, market letter recom mendations and merger rumors. Of the 1,425 issues traded this week 812 advanced, 489 decl ned. and 124 neia un changed. New 1960 highs were reached by 194 issues and new lows by 33. Electronics registered the best gains as a group, paced by IBM up 12Vi, Zenith up R'. Motorola up 6, Texas In struments up 5'4 on a favor able earnings report, and Lit ton and Magnavox up more than 4 each. EXECUTIVE DIES New York - IUPD - James Joseph Cosgrove, 73, former board chairman of Continental Oil company of Houston, Te, died Monday. The Carp May Live Dull, Dreary Yean What good does it do to life a hundred and fifty years if, by so doing, nothing worth while has been accomplished? The answer is elusive. It has been estbalished that an off beat, fishy character known as the "carp" has been known to live for a century and a half, and under conditions which would hardly be pos sible for a less hardy creature. Because the common or European carp has been under man's discerning eye so long is probably one important reason why the age of these fish can be so accurately known. These fish were intro duced into Europe from Aisa over 700 years ago. It should be reasonable to suppose that much should have been learn ed about a fish In seven cen turies. Raised for Food For hundreds of years the carp was raised for human food, both in Asia where it originated and in Europe where it was introduced. It is even important as a food in America, where it was in troduced much later. It has been here about 150 years, Had it been kept, the first one brought here might still be alive. The fresh water carp is ex tremely prolific and very ten acious. One variety, the so called "mirror carp," is al most devoid of scales, having at best a couple of rows down the side of the body. The fish is short of teeth, but it has facsimiles of them on the bones of the throat. It is only natural that various uses have been found for a creature that has been used by man for so many cenutries. One of the strangest is the manufacture of isinglass from the fish's swlmbladder. The flesh of the carp very soft, but the fish's spirit is firm. It would have to be for it to attain such advanced age. A century and a half, for a fish, is a very long time And what years! How time must drag, for surely this fish leads about as uninteresting a life as any creature In the world. Imagine spending 130 years just rooting around in the mud of a pond or river bot tom. Why should it even want to survive for so long? Yet in this sluggish fish the desire for survival is as strong as in any other form of life. He Doesn't Cart To make its life even more ridiculous, the carp doesn't care too much as to the purity or condition of the water in which it lives. The water can be so silt-filled as to be almost the consistency of mud, or contaminated to the point where a less hardy fish would quickly die. Even under these or worse conditions, the old carp will continue to thrive and raise numerous prodigy up to a cen tury and a half, and, with a little encouragement, prob ably longer. Life to the fresh water carp is an easy and deliberate process. (Released by The Register and Tribune Syndicate, 1960) By HENRY J. BECHTOLD UPI Financial Editor New York - IUPD - Investors once again appear to have lost confidence in the transporta tion industry. And this c o n f i dence will not be re stored until t h e industry is put back on a sound and efficient oper ating basis, ac cording to Henry Bechtold Per spective, the monthly publication of Calvin Bullock. The firm's investment man- gement department notes there has been a great deal of talk along these lines by the proper authorities, but no concrete program has been advanced by, or has the back- Crater, Diamond Lakes on Agenda For Foresters ing of, a group to put it into i operation." I It notes that any program should include, as a minimum, less regulation of a fiercely competitive industry, new rate - making policies, equit able treatment of each of the several segments, user charges for facilities paid for public money, reduction of the railroad passenger deficit, and changes In outmoded working rules. Government Help Needed Perhaps the most impor tant step of all, Perspective adds, would be a coordinated government policy which em braces all segments of the in dustry and permits each one to serve the public In the areas for which it Is most eco nomically suited. The publication says there Wall Street Chatter NeW York COTD The ability of the stock market to stage a slow but steady recovery this month Indicates that adverse earnings and international factors have been pretty well discounted, according to the Alexander Hamilton Insti tute's investment bulletin. "The proof of whether the current stock market advance is the beginning of a sustained recovery, or another short term rally, will depend on im proved third and fourth quar ter earnings. "As yet," the institute says, "we see no confirmation of a definite trend." According to a follow-up re port on Mesabi Iron by Ira Haupt and Co., dividends of $5 a share next year are antici pated assuming a favorable Treasury ruling on the com pany's proposal to create a royalty trust. Also, it says, a sizeable stock split appears likely in order to provide for increased marketability and make the stock attractive for institutional buyers. Crater Lake National park and Diamond Lake Recreation area are among the areas vis ited by members of the Inter national Union of Forest Re search organizations, today. Eighteen persons from eight foreign countries and the United' States will participate in the tour sponsored by the forest service's Pacific north west forest and range expert ment station, Portland. Station Director R. w. (Jow- lin said the group will be accompanied by several U.S. research scientists, including Dr. V. L. Harper, forest serv ice assistant chief in charge of research and member of the IUFRO permanent committee on organization. James Macdonald, director of research and education of the forestry commission in Great Britain, is president of IUFRO and tour chairman. Founded in 1890 The IUFRO was founded in 1890 to establish close rela tions between forest research workers. Members meet an nually at some point In the world. This year's meeting was held at the Fraser Ex perimental forest in Colorado. Participants flew to south ern California and are now travelling by bus up the West Coast. They will arrive in Se attle In time for the Fifth World Forestry congress, Aug. 29 to Sept. 10. The Oregon portion of the tour began today in Cave Junction, where forest service personnel described five prob lems in southwest Oregon and discussed the research pro gram underway at the Rose burg Research center. From there they were sched uled to visit Crater and Dia mond lakes. The group plans to continue visiting forest in dustry operations in the north ern part of the state through Sunday. Attorney General Sets Portland Talk Portland-IUPD-U. S. Attor ney General William P. Rog ers was scheduled to speak at a $100 a plate Republican din ner in Portland and anoiner one in Eugene Sept. 29. Republican State Chairman Peter Gunnar said Kogers will be flown between the cities for the dinners. Both affairs will be tied by closed circuit television to seven other GOP dinners across the nation. The pro gram will include President Eisenhower speaking at Chicago. Gunnar said the two Ore gon dinners will be program med in tribute to Robert Mautz, Portland, who recently ended four years as GOP na tional committeeman for Ore gon. Mautz was not a candi date for reelection. Fire Destroys Woodburn Home Woodburn-IUPD-Flre destroy ed the home of Michael Sisso yev here Tuesday night and officials have placed the dam age estimate at $4,000. The fire apparently started in the kitchen in tne seven room frame dwelling. No one was In the house when the fire started. The American Red Cross has provided Sissoyev and his six sons with temporary mo tel space, and a local drive to assist the family has started. Sissoyev is a farm laborer. are a number of reasons why investors may be justified in being "wary" of the trans portation industry for some time to come. Among these, it cites: -A decline In pre-tax earn ings and pre-tax profit mar gins relative to all manufac turing corporations. -A decline in the per cent of national income originating in the transportation industry - 6.37 per cent in 1939 com pared with 4.37 per cent in 1959. -Revenues of the transpor tation industry have declined in relation to the gross nation al product - from 8.1 per cent in 1939 to 5.9 per cent in 1958. Perspective discusses the three major segments of the transportation industry in the August issue. It terms as 'natural" the superior growth of the trucking indus try, a much newer mode of transport. The railroads have seen a steady erosion of their posi tion in the transport field and have spent an average of $1 billion annually the past 14 vears in the hope of gaining increased efficiency. These additions and better ments have kept the railroads out of deficit operations but have not been able to offset completely the adverse effects of rising wages and material prices and loss of traffic, Perspective notes. And. It adds, whether the railroads will be able to make additional improvements which will reduce operating costs in an amount similar to the benefits of dieselization and other betterments "Is doubtful." The publication also points out that the railroads' policy of rate increases to offset ris ing costs has reached the point of no return. Each time rates were boosted more traffic was lost to competing car riers and the railroads wound up with little or no net bene fit from the higher rate. Trouble for Railroad Now the railroads have been devising new incentive rates, but Perspective says all may not be approved by the ICC. Moreover, it adds that the trucking companies and waterway operators, having their own problems, can be counted on to provide sub stantial opposition to nearly all rate proposals ma '.e by the railroads. With the exception of regu lation, the major problems of the domestic truck airlines may be regarded as unique, according to the publication Excessive c o m p e tition has reached a point on certain routes, it says, where, at pres ent levels of traffic, profit able operations are difficult to attain. Increasing seating capacity and a smaller relative rise in passenger miles have com bined to reduce the load fac tor which is an important determinant of net results. Perspective says the air lines need a rather large and constant increase in passenger miles, especially during the present period of relatively high operating costs brought about by the transition to the jet age. Perspective also notes that the merger fever has hit the transportation industry, not for the sake of diversification as in other industries, but be cause of sheer necessity. Because of possible com plications in merger action, the publication states, re covery by the firms involved may be quite slow in certain instances, but the outlook is considered to be fairly bright. A great big darned thing Men's clothing sale BARKER'S Main-Central ' i iii inn Tr 1 1 m i mm ...i CM L,r "Ml MESA urn !cE CLASSY" HltTMiniTTTl DARRELl MILLER CO.. 415 S. RIVERSIDE Stanford and Poor's "Out look" recommends seven aircraft-missile issues: Boeing, General Dynamics, Gruman Lockheed, Martin Co., North American Aviation and Northrop. Walaton and Co. provides a very favorable description of Plough, Inc., whose net this year should rise to $2.50 hare from $2.10 in 1959. This would make It the ninth con secutive year In which profits have established a new rec ord, Walston says. For those who like to buy at the bottom, it would appear that two of the meat packers, Armour and Morrell, present excellent vehicles, according to Bache and Co. The unfa vorable portion of the hog cycle may be drawing to a close and pork volume should begin to improve starting in the spring of 1961. MEMO TO ADVEWTTsers. x "fjf i , , 4 , v li I li of (Sirculahon Qalue poison OAK? For 9unld uu nolurt'l w ntidoM liH Jolisn Ook lotion. Provm throuah ctntwrltl by Amorkon Intfionl oral plonwri. IK li nohtl hwb pttporotHn. JolUtottlM iuarm-Moi- - m jour Oueilrt. In the same way that sterling on silver signifies a standard of known value, so is the A.B.C. em blem a symbol of integrity for the circulation of newspapers and periodicals. It means that circu lation so identified is measured according to the rules and standards of the Audit Bureau of Circulations The A.B.C. is a cooperative and non-profit association of 3,450 publishers, advertisers and advertising agencies. Organized in 1914, these buyers and sellers of advertising brought order out of advertising chaos by setting tip standards for paid circulation and establishing rules and methods for measuring, auditing and report ing circulations. Therefore, the work of the A.B.C, ef which this newspaper is proud to be a member, provides you with a direct anj valuable service. You can buy advertising as you' would make any other sound business investment on the basis of well known standards, known values. , At regular intervals one of the Bureau's large' staff of experienced circulation auditors makes a thorough audit of our circulation records. The results of this exacting audit show: How much circulation we have; where our circulation goes; how it was obtained; and many other facts that you need in order to know just what you get for your advertising dollars' This audited information is pub lished by the Bureau in easy-to-read A.B.C. reports which are available to our advertisers on request. Ask for a copy of our latest A.B.C. report MEDFORD MAIL TRIBUNE 11,11.0.1;$ - FACT .AS A iASIC M i A S U R I Of ABVIRTISINO VALUi
