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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 1, 1961)
Parents Urged To Look Around Soon for College for Junior By HENRY J. BECHTOLD UPI Financial Editor New York - (UPU - In the spring a young man's fancy turns to thoughts of love. But if this young man also happens to be gradu ating from high school this year and intends to go to college he had better postpone the Henry BecBtoid dalliance for a While and concentrate his ef forts on getting into some school of higher learning. This also goes for girls planning to go to college. Indications are that it is tougher than ever to get into college, particularly the one of your choice, and the sooner parents start looking around the better the chance their youngsters will have of being accepted. Flood of Applicants A survey of the U.S. News & World Report found that the big-name colleges, espec ially those in the East, are flooded with applicants. Most of these schools are tighten ing up on standards, and there are some that consider only those in the upper tenth or fifth of their high school class. These schools are turn ing away youngsters by the hundreds, the magazine said. But the smaller and less popular colleges have room and do not limit enrollment to honor students. The survey showed that the average student most likely will find a suitable college that will accept him in the West, Midwest and particular ly the South. Costs continue to rise, but here again the' variation is great. The magazine found that at the top, costs reach $3,000 a year and even higher, but students can get along on $1,000 or less at many other schools. For those parents having a tough time persuading their sons to go to college, the sug gestion here is to place before him estimates of the prospec tive lifetime income of men just starting on their careers. The Institute of Life Insur ance not too long ago publish ed such figures, based on cur rent income and a career expectancy of 41.6 years. It found that: College Pays Off -The man whose education ends in grade school will earn, on average, $178,000 from the beginning to the end of his career, -A . high school diploma raises the prospective lifetime average to $243,000. -A college degree swells the average earning power to $347,000. -The average for all males is $200,000. Thus for every year of col lege there is a potential return of $25,000. The estimates are based on U.S. Bureau of Census figures for 1958, A similar study in 1949 revealed the following averages: Grade school $116, 000; high school $165,000; col lege $268,000. This may be inflation of a sort, but not wholly the mone tary kind. The reasons given for the gains in the average were: -The persistent increase in longevity and the length of the average working life over the years. -The expansion of oppor tunity in a free society. -The rising educational level and skill of the working population. -The long term increase In the productivity of the whole economy and its impact on earnings and incomes. California Asked To OK Copco Merger San Francisco (UPII The California Public Utilities Commission was asked today to approve the proposed mer ger of the Pacific Power and Light Co. of Portland with the California-Oregon Power Co. of Medford, Ore. The application was filed here because Copco serves 28 California communities and obtains 28 per cent of its revenues from this state. Copco's revenues last year were $25 million and Pacific earned 63 million from more than 200 communities in Washington, Idaho, Wyoming and Montana as well as Ore gon. Similar applications are being filed with the Federal Power Commission and with regulatory agencies of other slates involved. SINGER TO BE DADDY Hollywood-IUPII-SinEer Den nis Day said Tuesday his wife, Peggy, is expecting their eighth child in May. "The walls at our home are bulging," he said. "We'll have to add two more bedrooms. r : v- $ 1 7503 ;'tiVM.W "-w i Lie-4 . ; j v ?&- ; tl -tfT-k VICE ADMIRAL DIES Natchez, Miss.-IUP!) - Vice Adm. A. Stanton Merrill, 69, who commanded a cruiser di vision in the Pacific during World War II and was the first admiral to use radar in battle, died Tuesday. END OR ERA The end of a plane marks lime as they head for Litchfield Park, Ariz., the end of an era for the Oakland Naval Air to join the navy's, mothball fleet. Taking Air Station and the Week End Warriors of over the station March 27 will be the Naval the Naval and Marine jet squadrons who Air Reserve Training Unit which will use flew them. Four of the remaining F2H A4D Skyhawks. Banshees circle the Bay area for the last (UPI Telcpholo) Medford Tribune SECTION B MEDFORD, OREGON, WEDNESDAY, MARCH 1, 1961 PAGES 1 to 10 smiiiiiiiiMiniiiiiiiiiiiiiiiiiiiiiitiiiiiM 1. NeYork.H.. 2. Atlanta, G). 3. Batllesville. Oklj. 4. Bethesda, Md. 5. Beverly Hilll.Cll. 6. Boston, Mass. 7. Charleston, W.Vl 8. Charlotte. K.C. 9. Chicago, III. 10. Colorado Springs, Colo, 11. Columbia, S. C. 12. Dallas, Texas 13. Denver, Colo. 14. Durham, N. C. 15. Evanston, PI. 16. Evansville, Ind. 17. Geneva, Switzerland 18. Greenville, S. C. Correspondents 1 wv. London BRANCH OFFICE CITIES 19. Houston, Teias 20. Huntington, W. Va. . 21. Kansas City, Mo. 22. tos Angeles, Cal. 23. Miami Beach, f la. 24. Milwaukee. Wis. 25. Minneapolis, Minn. 26. Newark, N.J. 27. Oakland, Cal. 28. Oklahoma City.OMa. 29. Omaha, Neb. 30. San Francisco, Cal. 31. Spartanburg, S.C. 32. Stockton, Cal. 33. Tulsa, Okla. 34. Washington, D.C. 35. Wichita, Kan. 36. Winston-Salem, N. C. Effective March 1, 1961, the 8 offices of Foster & Marshall have consolidated their brokerage operations with those of the nation-wide investment firm of Harris, Upham & Co. Mr. Albert O. Foster, formerly senior partner of Foster & Marshall, will be partner-in-charge of our 8 Northwest offices. On March 15, 1961, Mr. Gary A. Foster, member of the New York Stock Exchange, will also become a general partner in our firm. Investors in Washington and Oregon may now enjoy the truly nalion-tvide facilities of one of the foremost New York Stock Exchange member firms whose business was established in 1895. At the same time you will continue to receive the experienced and friendly assistance you have come to expect from the long-established Foster & Marshall organization. Now you can draw on a large, central Research Department, and on-the-spot information together with trading facilities of the forty-eight Harris, Upham offices in forty-three American cities and Geneva, Switzerland. At Harris, Upham you have access to all the latest market and statistical information and benefit from our membership in 22 major stock and commodity exchanges in America and abroad. We cordially invite you to visit us soon, and discuss your investment program with our Representatives. xi nnro Harris, Upham & C- Memben New York Slock Exchange ond other leading itock and commodrty exchange! Head Office: 1 20 BROADWAY, NEW YORK 5, N. Y. OFFICES FROM COAST TO COAST 820 Second kit. Seittli 4, Wishingtm Resident Partner 203 Fidelity Bldf. Spokane 1, Wathinitott leo E. Sandslrom John K. Marshall Co-Managers 115 W. Filth Ave. Olympia, Washington Theodore F. Schmidt Manager 11 S. 4th SI Yakima, Washington Charles W. Delk Manager S. W. 6th Ave. at Oak St. Portland 5, Oregon Kurt H. Olsen Manager 55 W. 10th Ave. Eugene, Oregon Myron P. Bagley Manager 44 S. Central Avi. Medlord, Oregon James P. Rowan Manager 815 S t. 0K St. Roteburg, Oregon Russell H. Cary Manager i 1 1 iiiiiii'iHiimiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiMiiiiiiiiiii'iH"""""'11"111""11"111 "mi"""""!" iiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiniii iiiiimiiiiiiiiimiiiiiiiimimiiiiiiiiiiiii nnmm iiiiiiiiiiiiiiiini in mini iiimiiiiiiiiniiiim Haciiic oamme Keports Record Amount of Sales Seattle, Wash. P a e If Ic Gamble Robinson company, operating in Medford as Pa cific Fruit and Produce com pany, the nation's largest wholesale-distributor of fresh fruits and vegetables, reported sales of S196.3ul.440 for 19B0, the highest in the company's 70-year history. The volume was 4.4 per cent ahead of the previous peak of $118,103,904 reported for 1959. Net income for 19G0 was off from the preceding car, amounting to $1,209,078, equal to $1.04 per share on the J. 162,380 shares outstand ing at the year-end compared with $1,451,534 or $1.25 per share in 1959 based on the same number of shares. The decrease in net income was due principally to crop shortages, particularly in ap ples, oranges, pears and other tree fruits, which cost the company both sales and net profits in its distributing di visions. During 1960, two trucking companies were acquired. One was engaged in the leasing of trucks to industrial users, and the other in the rental of trucks to the general public. The trucking operations of the company's Inland Petrole um Transportation company in the chemical and petroleum field is showing a steady in crease, company officials said. There are now 1,482 par ticipants in the company's American and Canadian profit sharing plans. The company's contribution to these plans last year totaled $150,133. The participants now own $4,735, 636 in net assets represented by the funds. In addition $1, 671,425 has been paid out to former employees who were participants. Now owned by these plans are 68,810 shares or 5.9 per cent of the com pany stock. fOUiii 10 iidliu Trial as Adult Weaverville, Calif. - (I'PD -Daryl Moss, 15, an honor stu dent and Explorer Scout lead er, was ordered Tuesday to stand trial as an adult for Ihe slaying of his parents. Trinity County Superior Court Judge Harold Under wood directed that Moss should be sent to Weaverville Justice Court for preliminary hearing on a murder charge. The court order came the ame day that funeral services were held in Driggs, Idaho, or the parents, Mr. and Mrs. Veril Moss, whom the boy ad mits shooting to death last Wednesday. Auto Insurance Trouble? Uninsured Accident? Violations? Teen-Age Problems? Confidential Service EASY IOW RATES Also Preferred Rates for Preferred Drivers Atkin-McCullough Insurance, Inc. 328 So. Central Phone SP 3-7441 JAMES P. ROWAN Now Resident Manager Investment Firm Names Manager James P. Rowan, Medford, has been named resident man ager of the Medford office of Harris, Upham and company, nationwide investment brok erage firm and members of the New York Stock Exchange. Albert O. Foster, Seattle, resident partner and manager of the firm's eight offices in the Pacific Northwest area, made the announcement. The Medford office was formerly a branch of Foster and Marshall which was con solidated with the New York firm. Collier II. Buffington, Lowell E. Mainline and Mel vin N. Hogan are registered representatives in the Medford office. George U. Harris and Hen ry U. Harris, senior partners of Harris, Upham and com pany, New York, said the con solidation of the two firms be comes effective today with the approval of the New York Stock Exchange, giving the firm a total of 48 offices. Ray burn Interview To Be Broadcast on KYJC An interview with Speaker of the House of Representa tives Sam Rayburn (D-Texas) will be broadcast on radio station KYJC at 8:15 p.m. Thursday, March 2. The half - hour program originally was a television program, "Washington Con versation," one of Rayburn's rare appearances on that me dium. Because of the Interest created, and the fact that "Mr. Sam" discusser; a number of the Presidents who have serv ed during his many years In office, the Interview is being rebroadcast. NO PAYOFF Hollywood-fUPD- "Expecting a call?" Policeman Peter Ber nard politely asked the man walking down the street with a pay telephone cradled In his arm.. Edward de Bartolo, 28, captured after a short chase, was booked on suspi cion of burglary. ANDY'S BEST BUY! PROMOTE TV HEAD . Hollywood -HJPD - William T. Orr was named vice president for all motion picture produc tion Tuesday by Warner Bros. Studios. He will retain his post as head of TV production for the studios. rM' IZL1 T-1 l1 . . TTn in,;: TtSwmm UM ,mSM 4 DIAMOND BRIDAL SETS f $kx IJBSRggm Newest 14K Gold Settings Tdiamot j" 8DIAM0N ' 'ISfesA Newest 14 K Gold Settings I iCdlNK 2 STORES a rw a ii nt. i rt ic eadevib f iinmwui' u i vnt.Tin 0 Medford and a Yr.ka, cjs EASY TERMs! I i i i.,y V.N WJ r f- - ttWVdttVi ramtn vvi Next Door to Parker Woods leons' I 218 EAST MAIN Green Stamp, h 1 7 1
