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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 29, 1960)
MedfordM'ribune SECTION B MEDFORD, OREGON, THURSDAY, DECEMBER 29, 1960 PAGES 1 to 14 ' iff1 ; " . "!Jrtt,3&x 1 4 f 5H12$v fl Mil J i ?i vet ; EXAMINES PAINTING New York art i dealer Oscar Klein, 60, examines- a painting he claims is the work of Fra Bartolomeo, a 16th century Italian artist. Klein bought the painting at an auction in London and had the work verified bv an authority on Italian art. Klein paid $150 for the painting, ''The Virgin Crowned," and now values it at $150,000. , (UPI Telephoto) 10th Public Transaction Study Released by Stock Exchanqe By HENRY J. BECHTOLD UPI Financial Editor New York - (UPn - The Now York Stock Exchange today released the second part of its tenth publ l c trans action study which documents the key role o in stitutional in vestors in the stock market. This special five-day analy sis in institu- uenry Bechtold t r a nsactions i from Sept. 26-30 revealed that , institutions held approximate ly $50 billion worth of listed stocks, representing about 17 per cent of the valuS of the entire exchange list. ' ' Institutions and intermedi aries accounted for about 24 per cent of total volume in that period. In actual share volume this is double the number of shares they bought and sold when the exchange made its first such study in 1952, and when volume in general was lower. Institutions Listed Institutions include insur ance and investment compa nies, savings banks, education al and religious organizations, j and pension funds. Intermedi- i aries and non-member organi zations - principally c o m -mercial banks trust compa-! nies and non-mcmbcr broker-1 dealers - channeling orders 1 through the exchange. I The 24 per cent institution-1 al volume figure compared with 19.4 per cent in June, 1955, and 24.6 in September, 1952, the only higher percent age in the series.. The ex change noted that seven studies since December, 1954 show a steady increase for the institutional share of total volume. Commercial banks and trust companies were responsible for a far larger proportion of . institutional volume - 40.1 per cent - than any other single group. This compares with the 1 previous high of 38.8 per cent in June, 1959, and 33.4 per cent in the special 1955 re port. , Mutual Funds Important Mutual funds were next in ' importance, accounting for a . new high of 17.5 per cent of the institutional volume -more than double the June, 1955 percentage, and com pared with the previous high of 16 per cent eight years ago. 1 In sharp contrast, the pro portion of volume accounted for by non-member broker dealers has been declining .steadily since 1956 and reach-, ed a low of 11 per cent this! year. The report attributes I this to the expansion of mem ber firm facilities that serve the public here and abroad, and to the trend by non-members to join the exchange com munity. Corporate pension or profit sharing funds had the largest individual net purchase bal- Philanthropic Gifts In U. S. on Increase New York -HOT- Americans gave more than S8 billion in philanthropic gifts during 1960, according to prelimi nary figures released today by the American Association of Fund-Raising Counsel.. Inc. This compares with $7.8 bil lion in 1959 and $7.1 billion in 1958. Final figures for 1960 were expected to show an in crease over 1959 which may , txceed $465 million. ance among institutions and intermediaries buying and selling on Sept. 26-30, accord ing to the report. Thjs group bought 288,000 shares . and sold 68.000, for a net pur chase balance of 220,000 shares. Dennis Crosby Judged Father By 9 to 3 Vote Los Angeles (UPD It took a jury of nine moiners ana three ' fathers only an hour and 40 minutes late Wednes day to decide ', that Dennis Crosby is the father of Mari lyn Scott s daughter. The jury's vote was 9-3 against crooner Bing Crosby's son, with two women and a man voting in his favor. Un der California law, only 9 votes out of 12 are needed for a verdict in civil cases. Mrs. Scott, 28, a divorcee and a former beauty contes tant, sobbed with joy when the verdict was returned fol lowing seven days of trial. "Oh, Mr. Zcrin. I love you." she cried to her attorney, Mil ton Zerin. She ran to him happily and hugged him, then took his proffered handker chief to wipe away her tears. No Emotion Shown Dennis, 26, now married to Las Vegas showgirl Pat Shee- han who is expecting her sec ond child by him, showed no sign of emotion al the verdict. His attorney, George M. Henzie, announced he planned to appeal the jury's finding. Superior Judge Clark Ste phens, who heard the case, set Jan. 3 for the time at which he would consider set ting child support payments for Mrs. Scott's 3 - year - old daughter Denise Michcle. Dennis had been paying $350 monthly support under a temporary court order pend ing outcome of the trial. The purpose of the jury trial was solely to determine whether Dennis fathered the child. Bicycle Licenses To Be Distributed Through Schools Medford city schools in co operation with the Medford Police department will again assist in issuing bicycle li censes. According to Chief of Police Charles P. Champlin, this will be the fourth year that the program has beernhcld. On Jan. 3 or 4 applications for the bicycle licenses will be distributed to bicycle own ers at the schools. The appli cation will be filled out by the parents, and returned with Electronic Course At MHS Still Open Applications are being tak en . for the adult electronic technician course offered at Medford High school begin ning Jan. 3. Lindsay Vinscl, director of adult education said applica tion forms may bo obtained at the adult education office, room 2, in the high school.- The electronic technician course is designed for persons preparing for employment as highly skilled technicians in the eletcrical and electronic industries in occupational areas essential to national de fense. The school will also offer those persons employed in the electrical and electronic field an opportunity to enroll in individual classes so they may upgrade themselves to keep pace with technological developments. Additional information on the course may be obtained by contracting Vinsel at SPring 3-7220. the 25-ccnt license fee to the school. The applications and fees will be forwarded by the schools to the police depart ment. The department will then deliver the licenses to the schools the week of Jan. 16. Champlin urged parents of children who own bicycles to expect the application forms next week, and ask their chil dren for them. With the co operation of the schools the current program eliminates congestion at the police sta tion, he said. New Schools Participating in the pro gram for the first time this year are Griffin Creek, West Side and Lone Pine schools. Although the schools are out side the city, Champlin re minded students that bicycles ridden within the city limits are required to have licenses. He added that obtaining li censes in these schools is on a voluntary basis. Oak Grove school has par ticipated in the program for several years and will con tinue this year, he reported. A copy of the bicycle ordi nance will be posted in each school. Licenses are required after Feb. 1 and bicycles not properly licensed after that date are subject to a $10 fine, Champlin said. An added feature of the program this year is a planned safety inspection of bicycles by school and police depart ment officials. Arrangements for such an inspection will be made at the convenience of the school involved, the chief added. Dr. Leonard B. Mayfield, superintendent of Medford schools, has appointed a com mittee who will outline the program in the schools. They are H. Bruce Metzger, Jack son; Ron Weatherford, Wash ington, and Jack Holmes, Lin coln school principals. Champlin added that if a child is unable to make appli cation for his or her bicyclo license during the program in the schools, licenses may be obtained later in January at the Medford police station. Jayne Mansfield Wears Costly Gems Las Vegas, Nev.-IUNI-Jaync Mansfield will be wearing a $400 leotard adorned with $16,400 worth of diamonds to night when she opens her four-week nightclub engage ment. Miss Mansfield said she will have bracelets and pins made out of the diamonds when she completes her engage ment at the Dunes with Mickey Hargitay, her husband. ... to the officers, directors and all the staff of the . . . Jackson County Federal Savings & Loan Association Upon the Opening of Their Fine New Building ... at Main and Front streets in Medford. This modern and handsome home of this long-established institution is evidence of faith and con fidence in the future of our growing communityl FIRST FEDERAL Savings & Loan Assn. of Medford 2330 Crater Lake Ave. Lots of FREE1 Parking! 1 tfief lir-u-illr-dlf Nllrv-?llf ill I I n Jfi KMO II V Bitf .ulll B llll 'III i-rii-, r r- I Qht I f ssm Hills Bros. Coffee ,,Allin f A. ''3f JjM I, 1 plus y m jr S'129 ' LIQUID ILTLflv JZFFwJ i JkzzW I B&M BAKED BEANS , (28 oz ) or B&M JLQt V J STORE HOURS Weekdays 9 A.M.-8 P.M. Sundays 10 A.M. -7 P.M. Closed New Years and PRICES EFFECTIVE Jan. 2nd THROUGH DEC. 31 . Phone SP 2-8188 limit Rights Reserved All of us at Walt's Grandview Market urge you to take advantage of our extra-low prices . . . and the bonus of S&H Green Stamps! Save stamps at our store . . . then shop at South ern Oregon's largest redemption cent er at 221 South Central for the best selection of quality merchandise! Re member . . . for the best service best prices and the Best Stamps, do all your food shopping at GRAND VIEW! A smart resolution for 1961: Shop and save where you see the big S&H Green Stamp emblem! ' B&M BAKED BEANS , (28 oz ) or B&M BROWN BREAD (16 oz.) CHUNK TUNA, White Star, Vi Size Can, Reg. 31c :..:.....25e WHOLE OR CREAM STYLE CORN, Del Monte 303, Reg. 23c....5 for 9Se M.J.B. COFFEE INSTANT COFFEE, 10-oz. Jar, Reg. $1.79.. $1.49 NALLEY'S REGULAR CHILI, 15-oz. Can, at Grandview Only 29e GOLF BELL BROKEN SHRIMP, Vi Size Can ...39e FISHER'S PANCAKE FLOUR 4 lbs. 39c 7Vi lbs. 69e Shop Early-We will be Closed New Year's & Jan. 1 APPLES Newlowns 4 lb. Bag : Smoothie POTATOES Check these prices before you buy anywhere else! Our values can't be beat-by anyone! Quarts of Grandview SALAD DRESSING 1 J !.imuin . ill' CUT GREEN BEANS $' Stokely's 303 Cans Reg. 23c Ea. GROUND BEEF Lean, Fresh 3 1 15 Complete Boneless MORR ELL'S ORIGINAL Chef Brand Half or Whole! (12-14 lb. Avg.) We Will Gladly Slice It for You ROUND STEAK Cut thick or thin lb. 69' , WE GIVE ;en Pork Sausage 3 a, 99 Fresh, Fryers -Ar Turkeys Fully-Cooked Swift's Hams tAt Locker Meat Beef Sale ir V2 or whole t ib. Front quarter No. 1 1 -...1 ..111 1 ' -a- J? :' m lT m H HALVES OF PEACHES 1 VS SAVE K L M SAVE II ,b, "I" Vis? R U 380 l Reg 23c Ea. R 38c J 1 1 r J KKnilKtKKItS f Canada Dry BrTSu,D'e Uura ScudderV i T 0ne, I 7-Up Par-T-Pak J.?Jq? LHJT: PARTY PAC f T ... & 3 : f11- I cUtBott.es Rels-C5ft MIXED NUTS I WlllNP baSs 7 12 for ! . 13-oz. 7Qtf ' I $2.25 Case-Plus Dep. j Can ' - A Philadelphia Jofl frllilfcjK NBC Sesame Thin j Hpaom ririeaeo Kip TrrSLSrV f i nr Rarnn Thin L, for UV jJhwY!) S Regular 35c Each j (I fVJ Guest-Time Heinz Sweet m 1 1 fl '2 iST DIP SEASONING ' t Diritc 1 ' fVYfl 'T":7 ZEE WHITE ,f I ' iW Barbecue Bleu ulnlul. 15-oi.-Reg. 27c NAPKINS .,nA f r p 25 ggiow 5r 65 Hind quarter H Ib.
