Medford mail tribune., March 21, 1961, Image 2

Kennedy Will Submit
Special Defense Budget
Washington -flIPD- President
Kennedy told congressional
leaders today that a forth
coming request for defense
spending will throw his new
budget out of balance.
The President said he would
send to Congress Friday a
balanced budget. But he said
he would submit a special
defense budget next week call
ing for greater funds which
would put the government in
the red for the fiscal year
beginning July 1.
Kennedy discussed spend
ing at his regular weekly
meeljng with the Democratic
legislative chiefs. He also ad
vised them that he will pro
pose a tighter concentration
of the foreign aid program
which one leader said would
reduce waste and duplication
Speaker Sam Rayburn told
reporters after the meeting
that the House is "going to
pass something" to increase
the federal minimum wage
Rayburn was asked if it
WHICH WOULD HELP
YOUR FAMILY MORE?
Dividends from common stock
or growth in its value?
Good question. If what you'd like most Is income now so
that dividends can take care of some of those current bills
then you'll put emphasis on the dividends a stock has been
paying. But if you're looking mostly to the future, with those
growing family expenses in mind, then you'll probably be
more interested in stock that seems most likely to grow in
value.
Or you may find bonds and preferred stock, with their
more stable interest or dividends, better suited to your needs.,
Here's how it works
When you buy common stock, you become part owner of a
business. If the company makes a profit, you could share in
that profit through dividends. If it grows, the value of your
stock could grow, too. Of course, if the company didn't
prosper, it wouldn't pay dividends, and the value of your
stock would most likely decline.
Which companies will do best?
American business has grown and over the long pull should
continue to grow. In the next ten to twenty years there will
be more families and more children. They'll need more food,
clothes and housing. Our large businesses will have to provide
more goods, more transportation, more power. And America
will have to produce more raw material to make these things.
That means that many businesses will grow.
Who will own those growing businesses?
Today, there are more than lVi million shareowners. More
than half have family incomes of less than $10,000 a year.
Why not consider joining them? If you have money over and
above your regular living expenses and provision for emer
gencies you owe it to your family at least to look into the
opportunities investing offers.
How to invest
The first step Is easy. Call on a Member Firm of the Now
' York Stock Exchange. It's part of the job of the Partner or
Registered Representative you talk to thero to help you got
a good start. And you'll find his ndvico friendly and free.
Each Registered Representative has had to moot tho Ex
change's requirements for knowledge and understanding of
his business. Ask him for facts about companies and indus
tries that interest you. You may want to invest a lump sum,
then smaller amounts regularly through a Monthly Invest
ment Flan. With an MIP you can acquire full shares or parts
of shares with as little as $40 every three months.
Free Booklet
Bend for "dividends over tub years." It lists some 460
companies that have paid dividends evory year for 25 or
more years and it lists those companies which have paid
progressively higher dividends during the last 10 years.
Own your thare of American bittlncst
Members New York
Stock Exchange
For offices of Mombors noarost you, look under Now York Stock
Exchange in the stock brokor soctlon of tho "Yellow Pages."
SEND FOR frbb BOOKLET. Mail to a Member Firm of tho Stock
Exchange,' or to the Now York Stock Exchango, Dopt. 1-U, P.O.
Box 1070, New York 1, N. Y.
Please aend me, free, "dividends over tub years, baalo guldo
was correct that the general
budget revisions that will be
sent to Congress Friday would
call for a balance between
spending and revenues but
that a separate defense budget,
to be proposed next week
would call for deficit spend
ing.
"That, I think, might be a
correct statement,' Rayburn
said.
Asked if the deficit would
be in the area of $1 billion
Rayburn said he did not
know.
Senate Democratic Leader
Mike Mansfield told reporters
the President had briefed the
leaders on his new foreign aid
proposals, which he will send
to the House and Senate in a
special message Wednesday.
Manstieid sa d the fore en
aid message would be limited
to economic assistance and
that military aid would be
contained in the defense budg
et. He said he did not know
whether this was a contribut
ing factor to the proposed de-
licit in defense spending.
'Making Good Progress'
"l Mink he should be." Rav-
burn replied. "I think we are
making pretty good progress
ine speaker said the House
was having a "pretty big day'
today taking up the House-
Senate conference report on
feed grain, and then planning
10 cieni with sugar legislation
and a military construction
bill before considering the
minimum wage measure.
Rayburn said the minimum
wage bill probably would
come up Wednesday and be
considered for the remainder
of the week. He said he ex
pected "at least two days of
general debate."
Next week, he said, he
hopes the House will com
plete, action on a depressed
areas bill and a Post Office-
Treasury appropriation be
fore beginning its Easter re
cess Thursday.
Some of Kennedy's eco
nomic proposals are still in
committees, however, nearly
weeic alter their planned
enactment.
for common stock investment."
298
I I
Covered Bridge Is
Subject of Petition
A 90-signature petition for
the preservation of the Wimer
covered bridge has been filed
with the Jackson county
court. '
The old covered bridge, one
of the first built in the coun
ty, was closed to motor traffic
several years ago. It has been
considered unsafe by county
officials and a hearing was
held regarding its future
Mnrcll 14 in Wimer.
The county court had pro
posed the construction of a
foot bridge nearby, but fol
lowing the hearing the court
and county engineer agreed to
see If tho old bridge could be
made safe, for pedestrian traf
fic. Tho petition was first circu
lated in Rogue River to lenm
the sentiment of the people,
then two copies were left in
locul stores, it was explained.
The county court plans to
consider the petition during
its Wednesday session, it wns
stated.
n
f".J "i.-T;wVe1L
r-t . . .TV v
TRUCK DRIVER KILLED Shown above
is the scattered debris of a bakery delivery
truck which was struck by a Southern
Pacific passenger train north of Salem near
the Chemawa Indian School Monday. Rob
ert Lewis Williams, 40, of Portland, driver
of the' truck, was killed.
(UPI Telephoto)
Pearson, AFL-CIO
Witness Tangle
On Sales Tax Bill
Salem - (UPD - Hot words
flicked between Sen. Walter
Pearson and an AFL-CIO wit
ness Monday over whether a
tax reform package wrapped
around a sales tax should be
referred to the voters.
AFL - CIO spokesman Tom
Scafllon told the Senate Tax
Committee its job was to cull
out bad bills right at the start.
This, he said, was a bad pro
posal.
Pearson, a onetime sales tax
foe but sponsor of the current
package, said the voters
should have a new chance to
express their views. A sales
tax measure was defeated sev
eral years ago.
You re afraid they re going
to approve a sales tax this
time," the Portland Democrat
told Scanlon.
Schools Would Benefit
The sales tax would be ear
marked for schools, thus serv'
ing to reduce local property
taxes. A 20 mill ceiling would
be placed on property tax
levies, based on true cash
value. In addition, state in
come tax exemptions would
be increased.
The whole thing would de
pend on voter approval of a
constitutional amendment in
1962.
People cannot pay their
property taxes . . . the sooner
you get that through your
heod and the AFL-CIO, the
better you're going to stand
with the public, Pearson told
Scanlon.
"It costs us a great deal of
money to fight on the ballot a
proposition we are opposed
to," Scanlon said.
"Oregon has been In a fa
vorable fiscal position over
the years," Scanlon said, "and
we consistently support the
tax we have now."
Regional Edition Page 2A
MedfordTribune
MEDFORD, OREGON, TUESDAY, MARCH 21, 1961
Railroad Shares
Ahead of Market
In Early Trading
New York - IUP1I - Stocks
showed gains in active first
hour dealings today despite
the failure of some leading
groups to participate.
Railroad shares, after crash
ing through their June, 1960,
recovery high, ran ahead of
the general market mainly on
widespread fractional ad
vances. New York Central,
Pennsylvania and Southern
Railway all tacked on large
fractions.
Leading steels were narrow
ly mixed while motors ware
mainly off small fractions
along with most oil and air
craft shares.
DOW-JONES AVERAGES
New York - IUP1) - Dow
Jones final stock averages:
30 industrials 678.84. up
2.36; 20 railroads 146.20, up
1.53; 15 utilities 110.82, up
0.42, and 65 stocks 227.85,
up 1.13. Sales Monday' were
about 5.78 million shares
compared with 5.96 million
shares Friday.
Monday's - prices on selected
stocks:
Allied Chemical 38
Alum Co Am 76
American Can 38 ',4
American Motors 201,'
AT&T L12'.i
American Tobacco v 74 Ti
Anaconda Copper 53
Armco Steel 74
Bcndix Corp 64
Bethlehem Steel 4',4
Boeing Air 45Vs
Brunswicli 66Va
Caterpillar Corp 36 ','2
Chrysler Corp 44a
Coca Cola 83
Continental Can 37 Ji
Crown Zelierbach 573b
Curtiss Wrieht
uow Chemical
Du Pont
Eastman Kodak
Firestone
Ford
General Electric
General Foods
Genera Motors
Georgia Pacific
Graham Paige
Greyhound
Gulf Oil
Homestake Mining
iaano fower
I. B. M.
Int Paper
Johns Manviile
Kennecott Copper
Lockheed Aircraft
Merck
Montana Power
Montgomery Ward
Natl Biscuit
New York Central
Northern Pacific
Pac Gas Elec
Penney J. C
Penn RF
Phillips .
Proctor and Gamble
Radio Corporation
Safeway
Sears
Shell Oil
Socony Mobil Oil
Southern Co
Southern Pacific
Sperry Rand
Standard California
Standard Indiana
Standard N.J.
Sun Mines
Texas Co
Texas Gulf Sulfur
Texas Pac Land Trust .
Transamerlca
Trans World Air
Trl-Continental
Union Carbide :
Union Pacific
United Aircraft
United Air Lines
U. S. Rubber
U. S. Steel
Westlnghouse
... 20
... 7fili
...21 Hi
...114
... 411
... 78 V,
... 67 "4
... 82?,
... 4 6 "4
... 65 !i
.:. 2
... 21i
... sav,
... 441',
... 53 !i
...720
... 32 Vt
... 73 U
... 85
... 40'.4
... 1171,
... 33
ll'i
.. 8212
.. in'i
.. 48 "4
.. H4?i
.. 41
.. 14!,
.. 59T,
..153
.. 5R2
.. 44'2
.. 60
.. 45',
.. 43 '2
.. 5Hi
.. 23
.. 28(,
.. 51
.. 40
.. 4534
.. 77,
..10014
.. 23 1 4
.. my,
... 41!'a
..13H'4
.. 31 !4
.. 44
.. 41
5ia.
.. 88 H
44 ,
OIL CONSUMPTION
Oklahoma City - Per capita
consumption of oil products
in the U.S. is more than 660
gallons per year, a rate at
least 30 times greater than in
any other nation in the world.
Photographer Urges Amateurs
To Invest Their Money in Film
New York - (UPD - A pho
tographer who has probably
as much fun with picture
taking as any one who ever
clicked a shutter says ama
teurs who frequently trade
cameras or buy new equip-
jg fjfc. lay iiiiMrismiiiiiniti)iniiiHiiir'rt'''"'u.
HOW TO TELL A DODGE FROM A DODGE
Identifying a Dodge has become a problem. Because now
there are two, Compact Dodge Lancor. Full-size Dodge
Dart. There is an obvious difference. Size, inside and out.
Dart, the lower picture, is the larger. But otherwise they
are very much alike. Both have a unitized, rust-proofed
body. A superb ride called Torsion-Aire. A battery-saving
alternator. And both have optional three-speed push
button automatic transmissions. Another difference is
STANDARD OR COMPACT
YOU GET A GREAT DEAL WITH
DODGE
price. Dart, the full-size Dodge, is priced model for model
wilh Ford and Chevrolet. The compact Dodge Lancer
costs about the same as Comet, Falcon and Corvair. Get
to know them better. At your Dodge Dealer's, ol course.
FREE TIE CLIP IGNITION KEY to (It your prount nr. A lutein.
iMd it.it null rilut. Oil ont ibuluttly tr limply by taklnf 1 -rid
In ( Dodgt est or truck it iny Dodgo Doalw dliplirlno tht
bl "Ooldin Kiy" binnw. Oltor uplrti mldnkjht, April 30, 1X1.
ment would get more pleasure
out of photography by invest
ing their money in film.
The man who offers this
opinion, based on 32 years of
taking pictures, is freelance
writer and photographer Nor
man Rothschild of New York,
whose sometimes beautiful,
sometimes bizarre and always
unusual color photographs ap
pear in national photographic
and other magazines.
Not that Rothschild dislikes
gadgets - on the contrary,
some of his best pictures are
made with the aid of things
like light meter grids, dif
fraction gratings, polarizing
filters, and special lens dia
phragms cut to odd shapes.
But the money he spends on
these things is almost nothing
- 60 cents for a war-surplus
lens, for example - compared
with the amount of film he
expends while experimenting
Multiple Images
One of his favorite tricks is
to produce multiple images of
a subject by shooting through
more than one lens nt a time.
He glues two to seven former
box camera lens over quarter
inch holes in a lens board, for
example, and produces in
triguing pattern shots on 4x5
film In an old speed graphic
camera, the former standard
equipment of newspaper pho
tographers. Or he uses an exposure
meter grid instead ot a lens
and obtains dozens of dupli
cate images on a single frame
of 35 mm film.
He doesn't worry about
whether the results are "art,
and he ignores critics who ob
ject to the use of gadgets and
"tricks."
"I'm curious about all the
different ways it is possible to
make a photographic image,"
Rothschild says. "No photo is
a literal reproduction of the
subject photographed. Even a
straight photo of a flowerpot
on a window sill is not actual
ly the flowerpot - the image
varies in size and perspective,
for example, when taken from
different distances.
"Of course, there are cer
tain rules to the game, set by
each photographer, and he
must either stick to them or
spoil the game. For example.
I don't go in for doctoring
prints, no swabbing with
bleaches or that sort of thing.
Why waste time with hand
retouching? There are so
many paths to explore willr
regular methods that we can
never cover them all."
Acquired Several Cameras
Rothschild has been explor
ing the world of photography
for 32 years. He began taking
pictures with an old 4x5 Ko
dak plate camera, shooting
glass plates and sheet film.
Over the year he has acquired
several other cameras some
big, some smalt, but each one
obtained for some special type
of use.
Hp experiments with ex
posure, lighting, angles, de
liberate camera movement,
and even zooms a zoom lens
with the shutter open during
a handheld lime exposure.
MEET THE MAN WITH THE GOLDEN KEYS YOUR DEPENDABLE DODGE DEALER
PARSONS MOTORS, 315 E. 5th, Hedford
WE HAVE MOVED..
To A Larger Store
CROSIER APPLIANCE
for the FINEST . . . MOST SERVICE-FREE
Appliances Available
NEW Address
414 EAST MAIN STREET
(Naxt to Esquire Theatre) Phone SP 2-6011
Oregon Farmers Want
Extra Representation
Salem (UPD Farmers told
the House Election committee
Monday they deserve a little
extra representation in the
legislature because of the eco
nomic wealth they donate to
Western Oregon.
The testimony came on a pro
posed constitutional amend
ment to increase the House
and Senate by one member,
to 61 and 31.
The Senate would be appor
tioned strictly on a population
basis, but the House would
take land area into account,
raising representation east of
the Cascades from 12 to 18.
Rep. George Annala (D
Hood River) chairman of the
committee, sponsored the
plan. An orchardist, he cited
his own income and expenses
as a contribution to Oregon.
Hearing Set
The committee set a 'hear
ing, meanwhile, for this eve
ning at 7:30 to hash out its
current problem-reapportion-ment
under the existing con
stitution, since, Annala's plan
could not go into effect until
voters okayed an increase in
the size of the legislature.
The committee heard strong
bipartisan support from Dem
ocratic Chairman. Robert
Straub and former GOP
Dr. Chance Moves
Office To CP
Central Point Dr. Edward
V. Chance has opened new of
fices near the Crater Osteo
pathic hospital at 525 South
Second sts., Central Point.
Ihe doctor moved here
from 4880 South Pacific high
way, between Grants Pass and
Rogue River. He has taken up
residence at 523 South Second
St.
He was licensed to practice
in Oregon in 1942, and is now
member of the American
College of Osteopathic Surgeons.
Chairman Peter Gunnar for a
bill to increase the powers of
state party organizations.
The measure would let
state party conventions select
national convention delegates
and national committee offi
cers. Gunnar, however, also sup
ported another bill to trim
party powers' in certain areas
by banning convention en
dorsement of candidates or
issues.
The bill passed the Senate
last week in spite of an at
tack led by Straub.
CawU
for AH Your Friends
t
217 E. Main St. Mtdfotd
j- sTm G E R
PRIGES SLASHED!
Punch on Wife's Jaw
Reveals Coin Hoard
Bovigo, Italy-IUPll-Giovan-ni
Massari landed a lucky
punch on his wife's jaw
Monday.
He hit his wife in an
argument. Her head struck
the wall. The wall broke
open and out showered gold
and silver coins.
Authorities said today
that the coins, most of them
minted before World War I,
were valued at more than
$10,000. It was not known
how they got into the woodwork.
-f"" ' jf ' ' YOUNG BUOL t
- .uk"-1 &S i '-' s4a mi tir iiiiIimj2s 1
?1 AO OFF If Mm! f
H Msbtrcf Kiwi tuttitiw m SK2 jtsfiwf I
(W ' lMt! In your pMM book under fNCW UW1MQ WCMt COMMMY)
318 East Main
SPring 2-7153
I 3
ttCITY OF PORTLAND"
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PACIFIC NORTHWEST
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Sizzle, steak and scenery . .
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Here, in any one of the three attrac
tive dining rooms you can order ex
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For information
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please call:
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Medford SP 3-5388
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