Medford mail tribune. (Medford, Or.) 1909-1989, August 30, 1960, Image 15

Historic Oregon Newspapers

Medford mail tribune., August 30, 1960, Image 15

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Newspaper Page TextTUESDAY, AUGUST SO. I960 MEDFORD MAIL TRIBUNE. MEDFORD, ORE. m ..... - v-. m 2rm . . . i 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 -IUPH- 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 4'i 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 Inst 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 Doldrumi Continue As for the business world, there were no signs of the economy coming out of i's 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. T h e weekly business statistics didn't help clear up the pic ture cither. Slecl, 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, 208,200 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 tar the most active issue with sales of 403.600 shares. Its price more than doubled on the week, rising 9s to 18'. Average! Up 1.60 Studebaker-Packard, Amor lean 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 6.8S points from the previous week, and 20 rails at 139.98 up 0.19. The utility averages, after reaching a now sigh since June 6, 1930 on Wednes day slipped back a bit and j umaiicu m UO.U4 up U.1U. Ilia 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 bo produced commercially '.)jr mid-1961. Allied Laboratories Jumped 77s, American Homes Products rose 3',-i, Vlck 3, and Pfizer lis, but American Cy anamid fell 4-';. j&a SAVE NOW They'll Do It Every Time By Jimmy Hatlo EvERy LAWYER WHO EVER PRE PARED A CASE KNOWS THIS C5Uy THE VOLUNTEER WITNESS WHO SAYS- rinwhr waddvA. ALLVOU HAVE TO DO C Ul I-T DM TU i- CTAkirvl WUFKlTftPT , THROU&H THE OTHfcK y, siut won i HAVfc &1;S. A I nr- Tn CTAun Ws r nu .... V. ..-A X J I UIIDMAKJP PO... yu Pit I VI V 1 I Annop?; Awn MAmp? m iMRAPk a OCCUPATION ( WINDIDDY-I MEAN J PS I h-t-i r WOMBAT DIMBIDDV- M.I I I III 1. .'.""' v-v' I in v V ' WL Jrvl rSI I l So HERE'S OUR 6LIB FRIEND OH THE STAND"" AND HE CAN'T SO MUCH AS MUMBLE HIS OWN NAME- Morse Warns Against Dropping Housing Bills 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 v.-ho 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 Alaskans Arrive A! Indian School Salem - (UPD - 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 (UPD 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 S191 mil lion of the S266 million cut from President Eisenhower's foreign aid money request. U.S. Begins Construction Of World's Largest Radar Washington (UPI) - 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. Also, these other interesting features in next weekend's . , . Family Weekly "I Always Liked to Paint by Grandma Moses "My Favorite Models" by Phillippe Hahman "Back to School in High Style" by Allyn Rice September 4th Issue MEDFORD MAIL TRIBUNE 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 - (UPD - 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 - (UPD - 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. DIE IN REFRIGERATOR Rosiclare, IH.-IUPD-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. Kenis 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. NIXON 11.51 A POUND Des Moines, Iowa- (UPI "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 other livestock expositions 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 00,000 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'! 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 Mouse 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." Insufficient Evidence For Clippino Charge Greensboro, N. C. - ET5 -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-STO-Alex ander Gauge, 46, who played the 252-pound role of Friar Tuck In the "Robin Hood" television series, was found I dead at bis home Monday. CUTS AND CATCHES GRASS like nobody's business! IS) f 1 fritl Jacobsen TURBO-VAC ROTARY IB-inch cutlinf width . . . 2W HP Hi-Totqui ngini Culft grnm nnil woeda, cat elicit clipping, lonvcn n ml liltcr in it covorrci graM L-nlchrrt Col Ice in an it ciiIr ns il vnoutim clcnn. It'ftvcB tho ynrri in nuat n living room rug. 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 Joscphthal 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 Stales Is spilling over to many American industries. Lurie points out there is no economic law which says that sweeping recessions are a "must." Gnu dnwn from both lidei, cut avertly bv 4 replaceable, revmiole hirdened itetl blidti Powitul vacuum cleinhf action even lifts solid obU, pfopHilhem into covered catcher Dip lop deiign lor eny mptyinf ; littl oil and II (tplactd on mower quick at a wink So 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 doublo point packing noodles $98 Replacement polnti, ipringl and nuts for Cooper needles King-She Cleaning with .the new OK s Codarlon bristles JL llghlwoljhl, washable L" wears evenly s J x .-- l REG. $2.49 Special $169 I SIX NEW PATTERNS! Fine Grade Imported Translucent G UN A DINNERWARE 57-Piece services for eight. Each set includes eight eachl Dinner Plates Bread and Butter Plates Soupi Fruits Tea Cups Saucers 1 Platter 1 Serving Bowl 1 Creamer 1 Co- td Sugar TIME jMS PLUS 4 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 Stanford and Poor's outlook, now appear in a better posi tion to act better in relation to the market as a whole. "The central point of strength in the industry outlook is the continuing rise in demand for petroleum products." Arthur Wlesenbcrgcr 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 1960 to $4-$5 billior in 1956 - obviously leave room for successful rivals. relatively recent- entry, Nr tional Cash Register, appea' on the verge of carving c a generous share of this e pandmg market." INDUSTRIAL STAPLE TACKERS Gun Tucker (dial for Control Tacklnfl. Compreit hondl - itaplei drlv accurately and itcurfly. On hand doet In job. Modeh drive 532" lo 916" itaplu. WIDELY USfeD FOR TACKING. Shipping tog Upholitorlng Signi Diiplay Intulollon Ceiling Til Scream CabintH Waterproof linen Rug Padt Furniture Many other utts. Hammer Tacken for Bigger Job I, Taclct fatt at you swing It. Staple feed and drive auto molieolly. One hand operation. Model drive 316" to 916" lloplet. TARGET and HUNTING GARBAGE CANS At Hubbard Broi. you may chooie from 20-24 or 30 gal lon cant which ara hot dip ped. Hot dipped cam coit lomcwhat mora bacauia they ara completely fabricated from black hoof and then dipped in molten line. A hot dipped can fi completely leak proof, it hai more' ruit proof tine coating and ti much mora resistant to denting. 659 9 85 Priced $2950 to $5450 FIREPLACE ENSEMBLE 4I i n i I f f A 'i No. 1230 Special. Attractive bran and black porrabla cur rain firaicrecn from Portland Wlllamorra Co. 38" wide, latin black. Frama adjuiti to holghti from 27" to 31". Solid pol. iihod bran duo-hood and fand r trim. Bran handlad pokar and bruih ara Included. 95 WEST BEND Automatic ELECTRIC GRIDDLE with heat control BOWS CONGOLON MISSILITE glaii re inforced long bowl. 4547-55 pound pulls. Present itocki only. REDUCED 30 I UWrVEBSaU j eeXSlte $5.50 m L 1 FOOD CHOPPER ell eerti leef . Special $4'5 MONEY SAVING FLOOR CARE HEWS I QUALITY " FLOOR CONDITIONER NOW AT A NEW LOW PRICE 3950 2 SCRUBBING BRUSHES . 2 POLISHINO BRUSHES 2 BUFFING PADS For cooking or KrrJni rlfth( il the ublct More then 200 tq. In. of cooking area. Griddle mey be Immertcd (or clcming. fleet U evenly coo trolled with no hot ipon or cold ipoo. Westmoreland MILK GLASS A new ihipment of Wett moreland brand original hand made milk,gln. His uit been unpacked. RIM1MGT0H GUN 3A" Polyethylene PLASTIC PIPE For Irrigation iprlnklincj ly tami. Modorn Una 75 pound clan. per 100 feet $550 Also See the New Model 99F SAVAGE With Top Safety and Adjustable Trigger . STORE HOURS: 8:30 A.M. to 5:30 P.M. MON. THRU SAT, . !.ir ii.ji A wirnin mvurDroi Clrr Llmlti S1.00 Minimum Purchna . mm mtfllMmk "Y-i-ss II n M n Ira lf l . lS IrW WW) 1 l lua ti u; iu; 1111 uj Tr -t m II II lr lr IUI II II ' IrVv BROS.. IBC.Sfife 1 1 oSBrW MAIN AND RIVERSIDE PHONE SP 2-6189 MEDFORD, OREGON