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 $2.10 in 1959. This
would make It the ninth con
secutive year In which profits
have established a new rec
ord, Walston says.
For those who like to buy
at the bottom, it would appear
that two of the meat packers,
Armour and Morrell, present
excellent vehicles, according
to Bache and Co. The unfa
vorable portion of the hog
cycle may be drawing to a
close and pork volume should
begin to improve starting in
the spring of 1961.
MEMO TO ADVEWTTsers.
x
"fjf i , , 4 ,
v li I li
of (Sirculahon Qalue
poison OAK?
For 9unld uu nolurt'l w
ntidoM liH Jolisn Ook lotion. Provm
throuah ctntwrltl by Amorkon
Intfionl oral plonwri. IK li nohtl
hwb pttporotHn. JolUtottlM iuarm-Moi-
- m jour Oueilrt.
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MEDFORD MAIL TRIBUNE
11,11.0.1;$ - FACT .AS A iASIC M i A S U R I Of ABVIRTISINO VALUi