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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 5, 1960)
WEDNESDAY, OCTOBER 5, 1960 MEDFORD MAIL TRIBUNE. MEDFORD. ORE. m rograrn an mi 6 A WitliHo Sluts ft 2 lib To Purl ssipst Medical Care P Two Appointed to Watchmaking Board Salem -OJPII- Gov. Mark Hat field announced two appoint ments Tuesday to the Oregon Board of Examncrs in Watch making and Cloekmaking. Axel S. Andersen, Portland, was appointed to succeed Howard M. Lee, also, of Port land, who resigned. Harold W. Laurence of La Grande was reappointed. Wall Street Chatter New York 01PU In spite of the severe decline in the stocK market, the performance of the domestic oil shares has been encouraging, Purcell & Co. notes. The oils have moved steadi ly downward against the gen eral trend of the market for the past two years, Purcell says, but much of the decline was due to the fact that these bed forgiving the United Way! t L. S 4 jfi i 'J r 7 if . ! tm,,,' iii'" t.iMi ihim n- I V x; ,; I 7 If You Hovan'l Made Your Pledge Yet-Do II N0 EVERYBODY GIVES EVERYBODY BENEFITS Medford Mail Tribune companies were highly valued for their formerly strong growth characteristics. "While these stocks have been devalued as growth is sues by the market, their earnings have been up to a greater degree, and many now appear to be oversold," the firm points out. "On the whole their near term outlook is favorable especially when compared to the entire economy." Lucien O. Hooper of W. E, Hutton & Co. says some of the privately circulated Washing ton news services are discov ering that the economy is in a mild recession now instead of facing a "possible mild re cession" in 1961. "They are trying to guess the end of it, and come up frequently with the second or third quarter of next year." Paine. Webber, Jackson & Curtis recommends Hammer- mill Paper, a major producer of business and printing pa pers, for long-term capital ap preciation. The advisory serv ice reports Hammermill is be ginning to benefit from the substantial capital expendi tures made in the past few years. "Additional facilities to be completed by the end of 1061 will widen materially Hammcrmill's profit poten tial." Benton Turns Down School Consolidation Corvallis -(UPII- Four school districts in south Benton coun ty have turned down a con solidation proposed under the new school district reorgani zation plan. The plan was re jected 20 to 27 by the Mon roe, Irish Bend, Alpine and Bellfountain districts. The first complete journey along the famous Santa Fe Trail was made by Pedro Vial In 171)2. Sew If in a Day us 9175 SIZES 10-18 1 No waist seams! Sew straightaway, add belt-presto! You're ready to go any where In this sleek, slimming Juniper. Choose tweedy blend, Jersey, faille to wear with or without a blouse Printed Pattern 9175: Miss es' Sizes 10, 12, 14. 16, 18. Size 16 takes 2-H yards 45 inch fabric. Send FIFTY CENTS (coins) for this pattern - add 10 cents for each pattern for first-class mailing. Send to Marian Mar tin, Medford Mail Tribune, Pattern Dept., 232 West 18th St., Now York 11, N. Y. Print plainly N A M E, ADDRESS with SIZE and STYLE NUMBER. New! Send now for our 1060 Fall and Winter Pattern Catalofc - every page in excit ing color! Over 100 stylos for all sizes, all oecnsions plus school , . .35 cents. Program May Become Bogged In Politics Washington-IUPH-The politically-controversial new pro gram of medical aid to the needy aged has gone into ef fect without a single state ready to participate. Congress approved the com promise plan, which did not completely satisfy Republi cans or Democrats; in the clos ing days of its post-convention session. President Eisenhower signed it in mid-September. "That would be awfully fast time for any state to act," a spokesman for the Depart ment of Health, Education and Welfare told United Press International. Provides Federal Grants The program provides fed eral giants to states which agree to increase their med ical aid to needy persons over 65. It remains to be seen wheth er the program-hailed by HEW Secretary Arthur S. Flemming as a "first step" toward dealing with the prob lem of medical care for the aged - will become bogged down in election year poli tics. But it already has been the subject of some strange de velopments. Rejected by Rockefeller New York's Republican Gov. Nelson A. Rockefeller has rejected . the moderate plan as unacceptable. On the other hand, Michi gan, headed by Democrat Gov. G. Mennen Williams, who plugged for a more sweeping program, is the only state that has passed legisla tion to carry out the aid bill. HEW officials report that 18 states have replied to Flemming's.Sept. 15 letter to governors outlining provisions of the program. It makes available imme diately about $142 million to the states for medical care programs for persons over 65 qualifying as "medically lndigent"-not on relief but too poor to afford proper medical attention. Not Rejected Outright A majority of the states that replied said they would participate and none rejected the program outright, one of ficial said. Every state must submit a plan to HEW for approval before it can receive the fed eral funds. No state has yet reached this stage. Democrats controlling many northern states wnnt a medi cal insurance program fi nanced through the Social Se curity system, as advocated by the party's presidential nominee John F. Kennedy. Therefore, they are reluctant to sign up until they see how the election comes out and how congress acts next year. Acquisition, Research Credited With Drug Industry Charfges By HENRY J. BECHTOLD , cording to the report, with UPI Financial Editor ethical firms-adding proprie New York - OJPII - Acquisi- tary lines, and the proprietary iiun, uivLiotiitaiiun anv, research. Grange News Shady Cove Grange The regular monthly meet ing of the Shady Cove Grange was held Saturday, Oct. 1 in the Shady Cove gym with Master Cecil Kce presiding. HEC chairman, Mrs. A. B. Clark, reported that the per son who entered in the Na tional Knitting contest won a blue ribbon. The next HEC meeting will be a 12:110 p.m. luncheon at the A. B. Clark ranch on Butte creek. Mary Casuel was appointed chairman of the community service program. Travis Litllefield reported on the carpenter tools that the Grange members were giving to the school. Don Silvers had put the tools in good condition and they were displayed. Mrs. C. Watson gave a de tailed report on the county library books that are at the Treasure Trove for the public to use. There was a short lecturer's program of "Surprise Draw ing'' out of a hat. , DEMAND PARDON Bonn, Germany - ilOT - The two-million member Federa tion of Soldier Societies Tues day demanded a pardon for all German war criminals. Hemorrhoids Cured Painlessly By Non-Surgical Method n The non-surgical, electronic method for the treatment of Hemorrhoids (Piles) devel oped by doctors at the Dean Clinic ha'Q?en so successful and permanent in nature that the following policy is offered their patients: "After all symp toms of Hemorrhoids . . , have subsided an.he patient has been discharged, if he should ever have a recurrence, all further treatrrAts will be giv en absolutely tice." The Dean Clinic has been serving the Northwest for fifty years. Their treatment requires no hospitalization and does not employ dnQ or injections. Write today for a descrip tive booklet, yours without obligation: The Dean Clinic, Chiropractic Physicians, 2026 N. E. Sandy Blvd., Portland 12. Oregon. Henry Bcchtold That's the story behind the dramatic changes in the makeup of the U.S. drug in dustry which last year hit a sales peak of S2.3 billion against $200 m i 1 lion i n 1939. Francis I. DuPont & Co. notes that 20 years ago sales were split nearly even be tween ethical drugs (prescrib ed by doctors), and proprie tary drugs (advertised to the public). Last year ethical and veterinary drugs captured three-fourths of industry sales and proprietaries the remain der. The present dominance of ethical drugs began in the mid-forties with the develop ment of sulfonamides, penicil lin, and synthetic vitamins, among others, DuPont & Co. writes in its October issue of Investor News. Good Investment By the early fifties, it said, drug equities had become in vestor favorites, spurred by Oregon Tourist Travel Record Set This Year Salem, Ore.-lt'l'li-Oregon set a record for tourist travel this year with 6.383,850 vis itors. Carl Jordan, state travel in formation director, said this compares with 5,973,152 in 1959, Oregon's Centen n i a 1 year. Jordan attributed the gain to such factors as Oregon's improved highway network, the growing popularity of va cation travel in America and an increased out-of-state awareness of Oregon's vaca tion lures through national advertising. Income Down Tourist income this year ones; ana trepidation over me companies entering the pre scription field. Mergers, Acquisitions This was made possible by a number of mergers and ac quisitions involving such leaders in the field as Ameri can Home Products, Pfizer, Merck, Schering, Smith, Kline & French, Sharp & Dohme and Norwich Pharmacal. DuPont notes that the drug bandwagon also was joined by companies whose end prod ucts had been non-competitive with drug lines. Revlon, Tex tron and Phillips Electronics all entered the drug field through acquisition. Sales and earnings of drug companies have been rela tively immune to cyclical swings in business activity. The recent softness in drug stocks and less than expected earnings for some of the big ger firms are attributed by DuPont to a number of fac tors. These include the pressure on profit margins from lower prices on bulk vitamins and steroids; markdowns on broad and medium-spectrum antibi- down from 1959, to 3170 investigation of drug industry a Congressional committee. But despite these toxic ef fects, DuPont notes, earnings for 19G0 may well keep pace with sales which are expected to rise 8 per cent above last popuiauon increase, m o r e who s(ayed ,ongcr and spent I Greater Growth Foreseen was i million. But Jordan said the1 figure compares "favorably"! with the $176 million in 1959 ! because the Oregon Centen-; nial celebration brought in 1 new product development, I ..unusual numbers of tourists 1 sonal income, good profit margins, and the industry's resistance to the minor busi ness dip in 1949. And industry growth and investor interest were bolster ed further by the subsequent development of antibiotics, synthetic hormones, diuretics, tranquilizers, polio and other anti-viral vaccines. The complexion of drug companies also began to more money than during a normal vacation year." The average visitor short ened his stay by .23 of a day this year and spent 35 cents less per day than during the centennial. Jordan said the state's tour ist industry took in $20 mil lion more than the 1958 rec ord of S150 million, so on the basis of this "normal I year" comparison, 1960 was every respect Oregon s change during this period, ac-1 best travel year." Looking further ahead, Du Pont sees the industry very likely exceeding its spectacu lar growth rate of the past 10 years to cross the S5 bil lion sales mark by 1970. And just as in the past, laboratory research will be the key to pharmaceutical po tential. This is particularly true in the development of new ethical drugs where in vestment in test tube investi gation runs two to three times as much as in proprietary product innovation, according to the study. Last year ethical drug makers expended an amount equivalent to 8 per cent Q sales, well above the 3.2 per cent investment made by all industry. ta k t t. 1 - f- C I , 1 t. . are the experts in home financing? Insured Savings and Loan Associations, like ours, are specialists in the home loan field. These associations make more home loans than all other financial institu tions combined. This means that you can count on expert help from us when you need a home loan. You will receive friendly advice and assistance from people who know this community, and who know home financing. Come in and see us when you want a home loan ! i"o ,,sy A l.o.ooo Ssviags & Lesa Assn. cf Ifctkri 29 North Ivy Strest Robert F. Kyle, Manager hrvR pr-n 1 A Others in Chrysler's price class are building jr. editions for '61. Not Chrysler! Why? Because Chrysler's reputation has always been based on full-size, full value cars. Result: your investment in a Chrysler will not be compromised by lesser cars bearing the Chrysler name. ..g, FtSBB'l"''tJ"""' - to featuring the nevr iv 1 ,iar"'a"M'ST faJM v - r:v. Z - - f .... , pwnnr1 R ii'.wW- J f This is the Newport 2-door Hardtop Sedao . . a full-size Chrysler in L a new, lower p'ice range! It's new! And ifs a beauty! Its Newport . . . the big car that's every inch a Chrysler. Come see what you get for the Newport's new, lower 'price Unihodv, a single unit that's 100 stronger than old-type body-and-frame construc tion. A new Firebolt V-8 engine that runs on 6"gular gasoline. I n foot-wide scats . . . plus a driver's feat built to support you from shoulder to knee. A brand-new alternator that gi0s your battery longer life. And unexcelled torsion bar handling The Newp! Full-size proof that Chrysler can't be beat foraiue. Ask your dealer. He's waiting with a key and the dest smile hi town! o CHRYSLER 'GJJSJE YORKER 3QQG WALT'S LITHIA MOTORS 56-60 North Wi St. - Ashland, Ore. HAMLIN MOTOR COMPANY 8h and Front St. -Medford, Oregon o o
