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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 27, 1961)
afc-S-'-7Jrv IS i TORNADO COMING The funnel shape of the tornado down, windows smashed, chimneys toppled and roofing that swept across central Indiana is pictured as it ap- torn apart- wherever the-twister touched down. s ' proached Connersville. Power lines and trees were blown ;; - ..... ,. (UPI Telephoto) Medford , K A TT Tribune SECTION E MEDFORD, OREGON, THURSDAY, APRIL 27, 1961 PAGES 1 to 8 College Admissions Center Offers Assistance To Students By LOUIS CASSELS UPI Correspondent Thousands of high school seniors will be plunged into despair during the next few weeks because they have been turned down by the colleges to which they applied for ad mission. What do they do now? Abandon hope for higher ed ucation? Or frantically mail out applications to other schools? ' - They need not do either of those things. Instead, they can register with the college ad missions center at Evanston, 111., and be fairly certain that they will find a welcome from at least one, and probably sev eral, reputable colleges. " The center was established two years ago, by the associa tion of college admissions councelors. Its function is to bring" together -students who are seeking admission to col lege, and colleges which are seeking students. . There are more of the lat ter than is commonly real i izad., ,' - ' : Number Rises Sharply Although the number of young people seeking admis sion to college has been ris ing sharply in recent years, we have not yet reached the point where our higher edu cation system is filled to ca pacity. Big-name colleges are swamped with applicants, but there are hundreds of good schools which have room for more students, and which would 'like to have more qualified applicants. . The' college admissions cen ter has proved highly success ful as a "match-maker" be tween students and colleges. During its first season of operation, from May 1 to Sept 1, 1959, it registered 1,791 students, and over 97 per cent of them had college oppor tunities opened to them. Last year, 2,387 high school graduates'Teglstered with the center, and more than 99 per; cent received invitations to apply to at least one college. : The average registrant was contacted by 12 colleges, and a third of the students heard from 20 or more schools. Registration Fee Charged The . center is a non-profit organization, and its only charge to students is a $1Q registration fee. -Each- registrantTriust 'sub mit his high school transcript, including course record and personal, ratings, and a per sonal photograph. : College admissions officers come to the center and ex amine the credentials of the registrants. Then each college makes direct contact with students who seem to meet its qualifications. In many cases, the colleges will ask for ad ditional information froni the student. , . . Last year, admissions offi cers of 149 colleges and uni versities used the center. Most were co-educational liberal arts schools in the midwest, Slumping Car Sales Mean H eavy Losses In Federal Revenue Detroit -0IPD- .When the au to industry stubs its toe, the pain is felt alb the way to Washintgon. Such is the impact of the au to industry that slumping car sales mean an immediate and possibly heavy loss of reve nue for the federal govern ment. In 1960, for example, the government collected nearly $4.5 billion in federal excise taxes on the auto industry. Thnti'wafi a near record vear for the industry. This year is not, despite a recent sales up turn. Because of t h e recession, new car production in 1961 is running 40 per cent behind the pace set in 1960. Conse quently, the federal excise .tax collected about $175 to $200 per car will be down, too. Governments Feel Pinch State governments may also feel the pinch. Last year they collected $5.3 billion in taxes from the car and truck own- ers. The lion's share, $3.4 bil lion was for gasoline taxes. But $1.9 billion went for motor . vehicle . registration fees, and this presumably would be affected by a drop in new car sales. The American Manufacur ers Association (AMA) reports that some states such as New Jersey, New : Hampshire and Nebraska, derive nearly half their tax money from special car taxes. Overall the national average is about 29 per cent. Lumping together all the taxes federal, state and lo cal the AMA estimated a record $10.6 billion was paid out in special motor vehicle taxes last year. This includes $314 million in special- city and county fees for such things as car stickers and parking meters. Another $514 million was paid in special tolls on tun nels, turnpikes and bridges. "The AMA figures are con tained in a just-published as sociation booklet, "Automo bile Facts and Figures for 1961." . 26 Cents for Taxes The booklet reports that taxes take 26 cents of every dollar included in the deliv ered price of a new car. Thus, according to the AMA, if a Michigan resident paid $2,500 for a car in 1959, the price would have included $662 in taxes. Some industry leaders have urged elimination of the ex cise tax as a means of help ing the country out of the re cession. The leaders feel that if the excise tax were trim med, new car sales would climb because prices would be lower. The tax was originally adop ted as an emergency measure in World War II. It was in creased at various times and reached its present 10 per cent "temporarily" during the Korean War. v. Gasoline Price War " Reaches Klamath Falls Klamath Falls UPD The gasoline price war has reach ed Klamath Fall and prices of regular gasoline dropped for the first time since World War II. Prices dropped to as low as 28.9 cents a gallon for regu lar. The normal price is 36.9 cents for regular and 42.9 cents for premium. but virtually every "type of institution, in every section of the nation, was represented. Lower Half of Class A breakdown of the stu dents who found college open ings through1 the center last year shows that over half of them ranked in the lower half of their high school graduat ing classes, and one fourth were in the bottom quarter of their classes. The center operated during its first two years in tempor ary quarters at a high school in Northbrook, 111. with the demand for its services grow ing rapidly, it moved early this year into a new head quarters ' on Chicago's ' north Shore. , 'A-;. The address is: ' i fi v College Admissions Center, North, Shore Hotel, Evanston, 111. ' Larger; Liquor ; Fund Share Asked Salem -(UPD-Cities and coun ties Wednesday asked for a bigger share of liquor .reve nues, to use in dealing with problems . often caused by drinking. . Portland City. Commission er William Bowes told a Sen ate committee ,half . of ' the city's police budget is. .spent on problems linked to liquor. "The liquor industry owes an obligation to cities to re imburse the cost caused by the liquor industry," Bowes said. The testimony ' came on bills to increase cities' share ,of liquor revenues from 10 to 15 per cent, and to give coun ties 10 per cent. , ......... Gov. Mark Hatfield has en dorsed: the increase,- which would come.to about $2.5 mil lion for cities and counties. James A. Harrison, Coos county judge and president of the Oregon Association of Counties, said cities and coun ties must have more money to meet their share of new and expanded programs approved by the legislature, as well as existing costs. 1 ' ..' -1 - Investments in Real Estate Ventures Catch Public's Fancy By HENRY J. BECHTOLD UPI Financial Editor - New York UPB Investment in real estate ventures have caught the public's fancy. Last year alone nearly $400 million in e q u i t i es were offered by 85 corpora tions in the field. These shares are traded on the New York and American Bechtold also Stock Exchanges, and over-the-counter.- This definite trend backs up the president of H. R. Weiss berg Corp. who feels that real estate is the best medium of investment in the country to day in terms of yield, tax shelter, and as a : hedge against inflation. -. Helped By Reverses Herbert R. Weissberg noted that interest in real estate as a medium of investment in variably is stimulated by defi nite reverses or advances in the national economy. He attributed this to the trend in real estate values which increase at a greater rate than dollar purchasing power during inflation, but shrink, less in price during re cessions. .Weissberg said his firm utilizes a new concept in the field of hotel real estate that should virtually eliminate the word "speculative" from "real estate investment. Dealing exclusively in hotels, the publicly - held Weissberg firm has managed to attain an unusual degree of security for its operation by leasing out the operating franchises of five of its prop erties ' to hotel management firms. ' - This,' Weissberg said, has given the firm the advantage of a guaranteed fixed annual income from the rental fees paid to it by this group. In addition, the operators are responsible for maintaining and improving the properties they manage. In effect, Weissberg ex plained this produces a de sirable investment situation in which the book value of the physical assets is depreciated at the same time their actual value is appreciated through improvements and additions. Widely Used Plan A veteran hotel man who has been involved in the fi nancing, operation and evalua tion of more than 150 hotels throughout the East, Weiss berg said he adopted the lease cut technique to the firm's operation to provide maxi mum protection for its inves tors. It now is in effect at the Lord Baltimore Hotel in Bal timore; the Paramount, Brit tany and Winslow Hotels in New York, and the Montmar tre Hotel in Miami Beach. in addition, the company directly operates what it calls two extremely lucrative prop erties, one in New York and American Can Plants To Open Pdrtland-(UPI)-The Ameri can Can Company opens new plants in Astoria and Eugene Friday which will about double the firm's annual statewide output. William Hatfield, district manager for the firm, said opening of two plants on the day was believed to be a Northwest "first" in terms of new units simultaneously add ed by a national industrial firm. -'. Gov. Mark Hatfield will de liver a special message via leased wire to luncheons in both cities. State Treasurer Howard Belton will be in Eu gene and Dan P. Allen, ex ecutive secretary of the State Committee on Natural Re sources, will be in Astoria. The two plants will bring the firm's annual statewide output to 400 million cans. The f irm s existing plant in Salem now produces about 200 millions cans. Initial employment at each plant will be about 25 with eventual expansion to pos sibly 60. About a mile of seven-foot tunnel was made under the English Channel in 1881. Plans are now being made for a 23 ' foot double tunnel to carry electric trains. It could be completed in about five years at a cost of something over $300 million. M. & M. MARKET So. Stage and Griffin ' Roads Medford lbs. 19 one in Fort Worth. As a result of this combina tion of high Income operating and non-operating positions the c o m p a n y anticipates profits, before depreciation and amortization, of nearly $2 million for fiscal 1961. Of this amount, approximately two thirds will - come from the firm's' leased-cut properties. Weissberg feels that the fu ture of the corporation de pends on its continued acqui sition of both operative and non-operative hotel properties. Duncan Appoints Study Committee Salem : (UPD House Speaker Robert B. Duncan Wednesday appointed a special committee to study SB502, the measure to bar farm picketing during the peak of harvests. It was the first time this session he has ordered a spe cial committee. The bill passed the Senate Tuesday 23-7. The committee includes Reps. Cornelius Bateson (D Salem), - Ben Evick (D-Mad- After several generations of e x p e r I mentation scientists have at last successfully syn thesized chlorophyll. ras), Joe Rogers (R-Independ-ence), W. O. Welsay (D-Rose-burg), Ed Whelan (D-Port-land), and Sidney Leiken (D-Roseburg). $7,634,00 Available ; For Forest Protection Salem -U1PD- The State" For estry Department said Wed nesday more than $7,634,000 was available for forest pro tection during the coming fire season on 15 million acres of land under its jurisdiction. - Some $6.2 million has been budgeted with the rest avail fighting funds. .. . ooo oooooo o o o o O MORE TO SAVE MONEY Saturday, April 29 o o o o o o o o Rig. to 29.95 ALUMINUM Screen Doors with Kick Plata and . : i Hardware Sizes 2-8 12.99 Sizes 3-0 12.99 Valua 29.95 HIRSCH-WEIS 3-LB. DACRON Sleeping Bag 1588 Now Reg 6.50 ' H"xl00 Faat Coll Plastic Pipe Only M no Reg. 18.95 'SKIL' PORTABLE . V INCH Electric Prill, With Jacobs Chuck1: too M Now JL Coil 122 MEX INSULATED WIRE CABLE. 250 Ft. In Box Rag. 12.35 Now 988 Box Rag. 2.95 Gal. GENERAL PURPOSE EXTERIOR INTERIOR WHITE PAINT 199 Gal. HUBBARD BROS., INC. RIVERSIDE AND MAIN PLENTY OF. FREE PARKING MEDFORD oooooooo o o o o 6 o d o o o o o o 6 o r WDUlDams Williams' Bread ... a good name to go buy. . . ! Why? Because you'll never buy better bread. Williams' Bread is strong on nutrition... peak freshness ...a delightful fresh bak ing day flavor. Williams' Bread is a good name to go buy! i 4
