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
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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.
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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