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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 30, 1960)
TUESDAY, AUGUST 30. I960 MEDFORD MAIL TRIBUNE. MEDFORD. ORE. B 5 u r r. "rir'fc-clk?. '.W Vrl'X?' ' " ' ""' , " ' "V" " 1 '""N urn V?fmm, ' ' flf HOPE The SS Hope, a wartime veteran rechristened in is a 230-bed hospital ship, the first of a projected fleet the name of international good will, arrived in San Fran- which will carry the medical knowledge of the U.S. to Cisco Friday to prepare for a new adventure carrying other lands. A welcoming committee of fireboats surround medical "hope" to the peoples of the Far East. The Hope the ship as it arrives in San Francisco. (UPI Telephoto) Banks Cut Prime Rate, Give Stocks Third Straight Rise New York -HJPD- A cut in the prime rate by the na tion's banks gave the stock market its third consecutive weekly rise. The list registered its best gain on Tuesday after most major banks reduced from 5 per cent to 4Vj per cent the interest they charge on loans to customers with the best credit rating. The advance carried over into Wednesday, but was re versed in the last two sessions of the week when some profit taking came into the market. Brokers noted that the decline in volume the last two ses sions from the mid-week pace was characteristic of consoli dation periods. They said that certainly some sort of resting phase was called for after 15 con secutive days during which advances outnumbered de clines. They added, however. that constructive forces con tinue to hold the reins, and there should be sufficient support to cushion any sell ing. They expect a renewal of the uptrend shortly. One technician said that the consolidation of relatively light volume would impor tantly improve the internal condition of the list and help the market's chances of re sponding to any post Labor Day pickup in business. Summer Doldrums Continue As for the business world, there were no signs of the economy coming out of its summer doldrums and steel officials have virtually writ ten off September as the month for the long awaited upturn. They now pinpoint October as the date for a ma jor turn-around in the depress ed steel market. A sharp decline in July ma chine tool orders, a barome ter of future production plans, also Injected pessimism into the business outlook. The weekly business statistics didn't help clear up the pic ture either. Steel, crude oil electricity and coal produc tion all ran behind the previ ous week as did freight car- loadings and bank clearings. Sales last week rose to 15, 298,260 shares, or a daily av erage of 3,059,652 shares, from 13,702.603 shares, or an average of 2740,529 shares per day a week earlier. Telautograph, which an nounced it has available for leasing "electronic handwrit ing" machines that can trans mit or receive messages over local or long distance tele phone wires, was by far the most active issue with sales of 403,600 shares. Its price more than doubled on the week, rising 9-"v to 1814. Averages Up 1.60 Studebaker-Packard, Amer ican Motors, Lockheed, and General Motors rounded out the five most active issues. The Dow-Jones averages at Friday's close showed 30 in dustrials at 636.13 up 6.86 points from the previous week, and 20 rails at 139.92 up 0.19. The utility averages, after reaching a new sigh since June 6, 1930 on Wednes day slipped back a bit and finished at 96.02 up 0.49. The average for 65 stocks finished up 1.60 to 210.55. Most d r u gs issues were helped by the announcement that oral polio vaccine will be produced commercially by mid-1961. Allied Laboratories jumped 7Ts, American Homes Products rose 3'i, Vick 3, and Pfizer 13,b, but American Cy anamid fell 4-';a. SAVE NOW They'll Do It Every Time By Jimmy Hatlo Every" lawyer who ever pre pared a case knows this guy- the volunteer witness who says- now stateX- uhwho,me? DON'T WORRY- YOUR NAME, ER MY FULL ALL YOU HAVE TO DO VriSSa ADDRESS AND ) NAME? DUMBARK i IS PUT ME ON THE Vk OCCUPATION"- ( WINDIDDY-I MEAM uTl 1 STAND.' WHEN I GET J S WOMBAT DIMBIDDY- J V THROUGH THE OTHER vk 1 k DIMWIDDY-THAT'S n v1 So HERE'S OUR GLIB FRIEND OH THE STAND"" AND HE CAN'T SO MUCH AS MUMBLE HIS OWN NAME- Morse Warns Against Dropping Housing Bills Alaskans Arrive At Indian School Salem - (UPB - First of 100 Alaskan Indians have arrived to be educated at Chemawa Indian school north of Salem. Four boys and one girl are the vanguard of the group which will arrive here this week. These are the first Alaskan Indians to be educated at the school in several years. Che mawa has been educating only Navajos recently. Senators Morse, Lusk Vote With Maiority Washington - IUPD - Oregon Sens. Wayne Morse and Hall S. Lusk voted with the ma jority Monday as the Senate voted 74-11 for legislation providing federal medical as sistance to the needy aged and 56-31 to restore $191 mil lion of the $266 million cut from President Eisenhower's foreign aid money request. U.S. Begins Construction Of World's Largest Radar Washington - Sen. Wayne Morse (D-Ore.) today express ed alarm and concern over reports that housing legisla tion would be dropped in the interest of quick adjournment of the Congress. "The politician who seeks votes in Oregon this fall is going to have to show that he did everything he possibly could to bring enactment of a good housing bill," Morse said. "I am ashamed to hear reports that this session of Congress may abandon the housing bills. "The Senate has passed its omnibus housing bill, and it is now on the desk of the speaker of the House of Rep resentatives; the House Bank ing and Currency committee has reported an even more far-reaching one which is be ing held up by the House Rules committee; the House Washington 0IPD - The Unit ed States has begun construc tion in Puerto Rico of the world's largest radar, capable of bouncing signals off the planets Venus, Mars and Jupi ter, the Defense Department announced Monday. The device also may detect signals originating billions of light years from earth. The instrument's dish-shaped antenna, 1000 feet in dia meter, will cover 18 acres. The construction, on a site 10 miles south of Arecibo, is to be completed in the fall of 1961 at a cost of $5,500,000. "The power of the Arecibo radar will be greater than that of any comparable instrument now in existence," the depart ment said. "There should be no difficulty in obtaining strong radar echos from dis tant planets such as Venus, Mars and Jupiter." Bouncing radar signals This Labor Day, unlike those of yesterday, has real meaning for the nation's disabled millions; it symbolizes that they have won a place in business and industry on merit; not on charity. Be sure to read "Help for the Handicapped Worker" by James P. Mitchell. Alto, these other interesting features In next weekend's . , . Family Weekly "I Always Liked to Paint by Grandma Moses "My Favorite Models" by Phillippe Halsman "Back to School in High Style" by Allyn Rice September 4th Issue from the moon, only 240,000 miles away, has become com monplace. The much greater distances to the planets vary from 25 million miles from Venus at its closest approach to 600 million miles for Jupi ter when that planet is farth est from the earth. The radar will both send and receive signals. Referring to radar waves that are gen erated by many of the distant stars and galaxies, the depart ment said: "This device will permit man to look deeper into space than he has been able to do in the past. It may detect sig nals from billions of light years away." Trade Association To Meet In Idaho Sun Valley - (UPI) - The 44th general conference of the Pa cific Northwest Trade asso ciation will be held at this Idaho resort Sept. 25-27. Current problems in de veloping water resources of the Pacific Northwest will be appraised by business and in dustrial representatives from Washington, Oregon, . Idaho, Montana, British Columbia, Alberta and Alaska. Mom, Daughter To Vie In Baking Contest The Dalles - (UPH - It will be a two-county affair when the Oregon Wheat Growers cake contest bake-out is staged in Portland next December. Competing for the $100 prize will be Mrs.Theo von Borstel of The Dalles and her daugh ter, Mrs. Kenneth Hattrup of Grass Valley. Smith Outlines Forest Program Roseburg - (UPD - Republi can senatorial candidate Elmo Smith said Monday Oregon should take a "good long look" at its forest resources to make certain they are be ing managed to the best in terest of all the people. Smith said "there is an urgent need to develop a long range program of continuous management of our federal forests to provide the maxi mum number of permanent jobs in industry." Minimum timber volume, he said, is needed to support the billion dollar annual lum ber, plywood and pulp in dustries and the 90,000 per sons directly employed by them. He said full recreational use of national forests should be provided for along with for est watersheds. Smith described a re-appraisal of timber and forest resources as the latest plank in his campaign platform to provide more jobs for Oregon. He told Chamber of Com merce members other neces sary steps are a fair share of federal spending in Oregon for new space age industry; prompt and wise develop ment of natural resources to stimulate recreation and tour ist business, at the same time preserving multi-purpose use of natural resources; rapid development of port facilities and modern highways to serve the coast; federal legislation to support a long-range pro gram for construction of more private dwellings, and empha sis on solution of Oregon t producer problems in both in dustry and agriculture. has passed and sent to t h e Senate an emergency meas ure to stimulate private home building, and this bill is pend ing before the Senate Housing subcommittee." The senator added: "Final action on one or more of these measures is imperative. The bottom has fallen out of the lumber industry in Ore gon. Every week brings new plant shutdowns or reductions in the work week. The de cline in new housing starts for 1960 is largely responsi ble for this situation. This slump must be reversed quick ly, and any one of these three bills would help reverse it. Friends of housing legislation must be particularly concern ed with the failure of the House to date to act on an omnibus housing bill. "With widespread unem ployment in Oregon comes a slump in the small businesses in every community. I am al ready hearing not only from those who have been laid off, but from the department stores, laundries, and similar establishments, whose regular customers have stopped buy ing or are doing their trading on credit. "I appeal to the Rules com mittee in the House, the Bank ing and Currency committee of the Senate, and the leaders of both parties In both houses of the Congress to put their efforts behind a housing bill that will restore a reasonable level of construction." CUTS AND CATCHES GRASS like nobody's business! Jacobsen TURBO-VAC ROTARY 18-inch culling width . . . 2W HP Hi-Torqut ingint Cuts grnd nnd weeds, catches clippings, leaves nnd litter in ttfl covered grass catcher! Collects as it cuts as it vncuum cleans, leave the yard ns neat as a living room rug. Grits dnwn from bolh sides, cut evenly by 4 repliceable. reversible (widened steel blades Powerful VKUum-cleininc action even lilts solid objects, propels them Into covered catcher Flip-top design tor eisy emptying; lilts oil and is leplaced on mower quick as a wink DIE IN REFRIGERATOR Rosiclare, Ill.-TOPD-Two girls crawled into an unused re frigerator to play Monday and died of suffocation. The vic tims were Laura Ann Wal lace, 6, and Carol Jean Lowe, 8. Laura's father, Kenls Wal lace, said he had placed the refrigerator on the back porch with the door to the wall, but that someone must have turn ed it around in his absence. MEDFORD MAIL TRIBUNE NIXON $1.51 A POUND Des Moines, Iowa- IUPD -"Nixon," a 970-pound steer judged grand champion of the Iowa State Fair's 4-H baby beef show, was sold at auction Monday for $1.51 a pound. His owner, Carole Minish, 17, of Dysart, Iowa, withheld from auction another steer named "Kennedy" for later showing at drier livestock expositions. Insufficient Evidence For Clippino Charge Greensboro, N. C. - (UPD -Judge Z. H. Howerton Jr., ruled Monday that a tin box of hair clippings was not suf ficient evidence to support Mrs. Grace McKenny's charge that she was assaulted with a deadly weapon. Mrs. McKenny had claimed that S. I. Stewart, 62, sud denly began snipping away at her hair with a pair of scissors in a sporting goods store. ACTOR DIES Woking, England-IUPD-Alcx- ander Gauge, 46, who played the 252-pound role of Friar Tuck tn the "Robin Hood" television series, was found deafl at bis home Monday. Wall Street Chatter New York-(UPII-The econo my may have started on a new standard of living-one where the extremes are avoid ed, and a relatively high pla teau maintained, according to Sidney B. Lurie of Josephthal and Co. Witness these facts, he says; There is a greater stability to consumer buying power now than ever before; the economy is not as vulernable as it was at past turning points when many excesses cried for correction, and the tremendous boom outside the United States is spilling over to many American industries. Lurie points out there is no economic law which says that sweeping recessions are a "must." " Reduced to$11950 PICKING BUCKET PARTS Weill and Wade, leather re inforced. Bottoms of heavy duck. $2.00 Each Bucket Straps 95c Each PACKING NEEDLES Cooper double point packing needles. $j98 Replacement points, springs and nuts for Cooper needles. King-Size Cleaning with the new i ASK Cetlarlon bristles jii lightweight, washable l" REG $2.49 Special I SIX NEW PATTERNS! Fine Grade Imported Translucent CHINA DINNERWARE 57-Piece services for eight. Each set includes eight eachl TIME 5Ej MO NEY Dinner Plates Bread and Butter Plates Soups Fruits Tea Cups PIUS 4 Saucers 1 Platter 1 Serving Bowl 1 Creamer 1 Co' -id Sugar EXTRA CU. 3. W. Sparks and Co. says Victoreen Corp., a stock in the low-priced category, is po tentially ripe for a sharp up turn from the technical stand point. The move could be of such sufficient magnitude as to offer the trader suitable capital appreciation, the firm adds. Domestic oil shares, reports Standard and Poor's outlook, now appear in a better posi tion to act better in relation to (he market as a whole. "The central point of strength in the industry outlook is the continuing rise in demand for petroleum products." Arthur Wiescnbcrgcr and Co. notes that for many years, electronic computers were, in most people's minds, synony mous with IBM. Tills com pany's number one spot may remain unchallenged, the firm adds, but the tremendous po tential of computer sales- pro jected to rise from $1.5 bil lion In 1060 to $4-$5 blllior In 1956 - obviously leave room for successful rivals. relatively recent- entry, Nr tional Cash Register, appea' on the verge of carving o a generous share of this e pandfng market." INDUSTRIAL STAPLE TACKERS Gun Tuckers Ideal for General Tocklnfj. Com pro ii handle slapUi drive accurately and lecurelv. On hand doe the ob. Model, drive 532" to 916" slaplei. WIDELY USfcD FOR TACKING Shipping lags Upholilerlng Signs Displays Initiation Ceiling Tile Screens Cabinet Waterproof Linen Rug Pads Furniture Many other uses. Hammer Tackers -, , "v. For Bigger Jobs. Toc.lt i fait at you swing It, Staples feed and drive auto matically. One hand operation. Models drive 316" to 916" staples. TARGET and HUNTING BOWS GARBAGE CANS At Hubbard Bros, you may chooie from 20-24 or 30 gal lon cam which are hot dip ped. Hot dipped cans cost somewhat more because thoy are completely fabricated from black shoot and then dipped in molten zinc. A hot dipped can is completely leak proof, it has more' rust proof zinc coating and Is much more resistant to denting. 659-9 85 D.-J 5OO50 xA SCA50 FIREPLACE ENSEMBLE No. 1230 Special. Attractive brass and black portable cur tain firescreen from Portland Willamette Co. 38" wide, satin black. Frame adjusts to heights from 27" to 31". Solid pol ished brass duo-hood and fend er trim. Brass handled poker and brush are included 95 WEST BEND Automatic ELECTRIC GRIDDLE with heat control CONGOLON MISSILITE glass re inforced long bows 45-47-55 pound pulls. Present stocks only. REDUCED 30 FOOD CHOPPER Complete with 3 ctrr. CUclro lin finish pl ot! porli g.ofti. Special $49.5 m$Si& $5.50 I ( ) 1 hV U s K 1. unucv GAifiuft cinnn padc HIUI1LI UHVIHU I LUUft UHItt. NEWS I i (Wmeam I ' QUALITY , FLOOR CONDITIONER j NOW AT A NEW LOW PRICE 3950 .2 SCRUBBING BRUSHES 2 POLISHINQ BRUSHES 2 BUFFING PADS For cooklns or serving right at die cable! More (hen 200 Kl. in. of cooking area. Griddle rosy be Immersed (or cleaning. Hew is evenly cootrolled with no hot spots or cold spots. Westmoreland MILK GLASS A new shipment of West moreland brand original hand made milk,gljn. Has ust been unpacked. RiNWNGTOM GUM TvVrv Shooting? 34' ' Polyethylene PLASTIC PIPE For Irrigation sprinkling sys tems. Modern line 75 pound class. $6 50 per 100 reer STORE HOURS: 8:30 A.M. to 5:30 P.M. MON. THRU SAT. s 1 MilRllRlH Also See the New Model 99F SAVAGE With Top Safety and Adjustable Trigger . FREE DELIVERY within Medford City Limits 1.00 Minimum Purchase mm 9 MAIN AND RIVERSIDE PHONE SP 2-6189 MEDFORD, OREGON I II II I II NteTesWy ss- 1 i iJi ii ii : rv t 1 I II II 21. Lri
