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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 31, 1962)
Monday iarly Market Dealings Wipe Out Losses' Suffered r ... . I , - Wave of Buying Orders Continue After Holiday Eisenhower Officials Draw Criticism t s - ,,.-it' 1 1 CHILDREN INTERESTED Nationalist Chinese children heavily fortified island in the shadow of the Communist seem to be unimpressed by soldiers but show an obvious China mainland has been the cause of savage artillery interest in the photographer taking pictures of the Free duels with the mainland. (UPI) China soldiers training on the beach of Mntsu Island. The Education Authority Criticizes County Superintendent System Salem - IUPII - An educator from the University of Ore gon today strongly criticized the present old system of county school superintendents and said it should be replaced with "intermediate" units that cross county lines. i Dr. Carl L. Huffaker, pro fessor emeritus of education at the university, testified be fore the Legislative Interim Committee on Education. The committee is considering recommending an overhaul of some kind in county school unifs to the 1963 legislature. "County lines are absolute' ly meaningless" as far as local school district boundaries are concerned, Dr. Huffaker said GRADUATION CARDS When youcreewwiih to lend (he wry bett Cwam' 217 Maln 01TOII1 9 Medford He is a national authority in lies in Marion county but many phases of education. West Salem and its schools He game examples, includ- are just over the Willamette ing the fact that the biggest river in Polk. pupil population of Polk coun- Oregon's 3fi county school ty is in Salem. Most of Salem ' superintendents are divided Foreign Briefs WEST SAID UNDER 'SELF-DELUSION' Moacow-illl'll-The Soviet government newspaper Izvaslia said Wednesday the West is under "senseless self-delusion" if it thinks West Berlin can be maintained as a virtual base in the heart of East Germany. SEEBEES LEAVE OKINAWA FOR THAILAND Naha, Okinawa-lllPIUSeventy-one Seabees left here by air today for Thailand to build base facilities lor the U.S. Marine combat brigade which arrived there earlier this month. The detachment, commanded by Lt. (jg) D. P. Thorchin. of Laredo. Tex., it the first Seabee unit which has landed in support oi combat-ready U.S. Marines since the Korean War. BUS LEAVES BRIDGE IN PHILIPPINES Manila-iiN-A crowded bus carrying students on a holiday outing plunged 800 feel off a wooden bridge in the southern Philippines Wednesday night, killing 30 passengers and Injuring 10. PRICES FALL ON LONDON STOCK MARKET London HI1V Stock prices iell slightly after an upward surge Wednesday. Encouraging Wall Street reports came too late to effect the London market. over the idea of changing their authority or functions, and Huffaker took note of this. He said many of the cur rent activities of county school superintendents "seem to be groping for something to jus tify existence." Huffaker said intermediate units could cross county lines at will and by doing so could provide services to local schools in a variety of coun tiesserving them on the basis of geographical needs, and unhindered by county bound aries. He said each intermediate unit should have its own board, and that board's mem bers should be chosen by the boards of all local school dis tricts within the unit, and made up of various local school board members. The interim committee seems convinced that "some thing" must be retained as a service unit between the local school and state level; if not a county school superintendent, then something like it. I Washington -0IP- Senate investigators sharply criti ' cized Eislnhower administra ' tion officials today for "bar ' gaining away" $3.36 mi'avon in potential profits from the New York-dW-Dealings on i nation's strategic stockpile. the charge was made be fore; Sen. Stuart Symington's special investigating subcom mittee by Louis Brooks, a comptroller for General Serv ices Administration, which manages the stockpile. The beneficiary of the gov ernment's forfeiture, Brooks said, was the Climax Molyb denum Co., Climax. Colo. He said the company also made other windfall profits of $835,000. aft P 1 SHOP MON. I FRI. 'TIL P.M VeV, 4p HERE'S PROOF Why Pay More? Fabulous Values ... 22 Styles for Men, Women and Childrenl Unbreakable mainsprings .' . . Some are waterproof. 17-JEWEL SWISS MOVEMENT WATCHES 99 119. NO MONEY DOWN J'" ' -fV .' j On Sean Easy Payment Plan A Whn you cm on l7-ieel Swi " ; movement wjlch tor 1 2 99 it's '( sif J NEWS! Exqumtt rrf!,t Mvlrs tot ,Jv,,i7 ,d'Vj'v P women, girli ... waterproof port JV 1 $'"';' ' itv'e for women For men nd bovs Jf"4 -i ' .tCVv' " ' . .4 you II iind many eitfrproo" spntt slvles, wmc tth luminom dtaU AH ccurtc ttme-keepef you'll he proud to a've or own Set the election! 'Wjiterpfooi a, lono as crstl. crown bfk ffrtijin t'tct. Shop at Sears and Save re -v.- Satisfaction Guaranteed or Your Money Back JO) I. JirtnoK 77) 461 STORf HOUBJ c Mnrrly ind frirljy 30 A M. . 9 r M, l , Wei . ,,(., SjI. 9 30 A.M. . J 30 M Stock Market Tickers Trailing New York -HOT- With open ings in many key issues de laved, brokers reported that huy orders were overtaking their facilities, and high speed tickers were falling far be hind the trading floor. Prices were sharply higher on the New York Stock Ex change today in a massive continuation of Tue.sdav's ral ly. Near the close of the first hour a few pivotal issues were off from their starting highs by as much as a point or two but still showing sizable gains on the day in most instances. Standard & Poor's reported that its Index at 10:45 a.m. showed a gain of 0.90, indi cating a rise of $4.7 billion in paper values since Friday's close. "Flash" prices - indicating more than a five-minute late ness on the tape - showed American Telephone up 3' j. Jersey Standard up 1. Ana conda Southern Pacific 1 1 . Haveg 3' 4, Chrvsler Du Pont 3H. U.S. Steel K-. and l.ukens 4'4. the New Jfork Stock Ex change in the first hour today more i'an wiped out the re maining losses from Monday's disastrous decline, worst since the crash of 1929. Whether the trend would continue remained to be seen as trading progressed at the same hectic pace which marked Tuesday's dealings when 14,750,000 shares ex changed hands in the greatest volume since Oct. 29, 1929. An estimated $13.5 billion of Monday's paper value loss of $20.8 billion was recovered Tuesday in a wave of buying orders that continued today after the Memorial Day holi day. Stock indexes after the first hour today showed values of $7.65 billion above Tuesday's close. Trading in the first hour was 1.760,000 shares, only 20,000 behind the same period ' Tuesday, and the high speed ticker tapes were running at least 35 minutes late. Prices generally were well ! above Tuesday's close, al-, though as the morning pro-1 grossed some fell below to-, day's opening. For example, American Telephone and , Telegraph, the nation's most ' widely held stock, started the 1 day at $115. up $6.50, but I later fell off to $112.50. Shortly before 8 a.m. (PST) E. I. du Pont de Nemours & I Co., which has been under court order to divest itself of stock holdings in General Mo tors, announced it would start doing so by distributing a half share of General Motors for each share held of Du Pont. A 1 little more than a third of the total GM holdings would be involved in the first action which Du Pont said would be j the only one this year. ! Street Catching Up Wall Street busied itself behind the scenes during Wednesday's Memorial Day 1 holiday catching up on the ! bookkeeping hangover from the two most frenzied days of trading since the crash of '29. Students of the market would not commit themselves to declarations that the bot tom had been reached and that the selloff was over. But there was optimism nonethe less. Europe Shares Recover Spurring that along was the recovery on European ex changes, where shares tum bled Tuesday in the aftermath of the close-to-the-record sell off of 9.3 million shares on the New York Stock Exchange Monday. European exchanges, open Wednesday, followed Tuesday's late rebound in New York and shot upward. London, Frankfurt, Zurich and Amsterdam all posted climbing prices. The Dow-Jonrs industrial average for 30 industrial stocks stood at 603.96 as trad ing began today, up a spec tacular 27.03 points from the Monday close. The amount Involved, cording to Brduks, was difference between what could have been made by sell ing molybdenum and the $1, 200,000 the government re ceived for cancelling the con tract. The government hopes to show later that a government consultant who also worked for Climax had a hand in de- ac- ed the then defense mobilizer, . .he 'Gordon Gray, and perhaps: members 01 me tiseimuwc. cabinet, before he permitted cancellation of the contract. Thirty eight million pounds of molybdenum still were due for delivery to the government when the contract was can celled. Brooks said he drafted a memorandum at the time which indicated hat Climax cisions which benefited the ! stood to reap additional prof company. . 1 its of $4.56 million because Brooks testified that the key j the market price for molyb decision in the cancellation denum had risen since the negotiations was made Oct. j government contracted for it. 1 11, 1957, by Franlin G. Floete, . then GSA administrator. i Brooks said Floete consult- Regional Edition Medford Speaker Scheduled for Willamette Ceremony Salem i!PD Charles H. Per cy f Chicago, hoard chair man of Bell and Howell Co.. will be the main speaker at the 120th commencement here of Willamettr university Some 219 degrees will he granted in the ceremonies Sunday. PROMOTED drian Douglas Van Horn Jr. was promoted recently from Army sergeant to ser geant lirst class at Ft. Hood; Tex. He is a son of Mr. and Mrs. A. D. Van Horn, Cen tral Point. He is a 1954 graduate of Crater High school. He en tered the service in March, I95S. and was stationed at Ft. Old. Calif After completing his basic training he was sent to Korea in August. I9.T8 His wifj is the former Miss Sherrlll vnn Ruskirk of Cen tral Point. They have two children, a son. Scott Dinislv .1. and a daughter. Catherine l.ynn. I ft months. Japanese Family Ends Oregon Stay Brookings - IUPII - Nobuo Fujita, the former Japanese pilot, concluded a six-day visit to the area he bombed In World War II Wednesday very pleased at the warm welcome he received. Fujita, his wife and 25-year-old son left here by car for San Francisco with Mr. and Mrs. Henry Kerr, who hosted them during their stay here. The Fujltas plan lo spend about two days in San Fran cisco and then go on to Los Antieles from where they start their flight hark to Ja pan on June 6. Fujita summed up his feel ings at a farewell coffee at tended hy some 20 Junior Chamber of Commerce mem bers and their wives by saying he was "very happy " Early in World War II Fu jita dropped bombs on south west Oregon forests in a vain effort to start major forest ires. He flew a small plane launched from a submarine. When Jaycees originally in vited him some local veterans expressed opposition, but it dimmed and there were no in cidents during his stay here Now Many Wear FALSE TEETH With Little Worry Fm. uil. li'ih or tnrtf without rr of miwur fi ltih dmppuii, tllp(inj pf wohhlini FASrUKTH hohii pU'M flrmfr nrt mor rom tcrurtlT Ttm plenum powr1r h no i-irtimf. ivr ptT urr or fflirt. tVvjn 1 ciiM n::. It lUihn ( rtfn-rtt1 rnA i"v'- trin at rAMUTH 0 toy 4tut onus it. - Page 2A Tribune MEDFORD, OREGON, THURSDAY, MAY 31, 1962 Bochum, Germany - U1P" -Heinz Kaminski, director of the observatory here, said his monitors still were hearing signals on Wednesday from Russia's Cosmos V earth satel lite. But he said other signals on a Russian space frequency that were picked up on Tues day were no . longer being heard. -' TOPS IN QUALITY! LOW IN PRICE 000 SUPER MARKET 000 LIMIT R Merry-Go-Round Rides Thurs. - Fri. - Sat. Tickat at out check stand. Children mutt be accompanied by a parent. GHTS RESERVED -FREE DELIVERY FE3EIE Samples Pepsi-Cola, Teem and Snider's les Cream Have a Float - Friday Noon to 6 - Sat. 10 to 6 Pepsi and Teem ..... 6 Pack 39c plus deposit Snider's Ice Cream V2 gallon 68c Skippy Dog and Cat Food 12 $100 cans I I 1 sm si In Whole Drawn Soran's or Swift Premium Sausage Rolls 3. $100 CHET'S FROZEN MEAT PIES $0 00 for i t , - . , Y. t premium j-i yv fEWra SWIFT'S Wieners Fresh Tamales, Robertson Beef or Chicken 4 for 79c Fresh Tortillas, Robertson Mexican Style, Dozen 25c M Fresh Salads, Robertson Potato, Macaroni, Gelatin each 33c Haley's Buttered Beef or Veal Steaks, 12-oi. pkg 65e Borden's Sliced Cheese, choose from American, Pimento, Swiss, Very Sharp 6-oz. packages 2 for 49c Bananas Cabbage WHITE Bermuda Onions ibS. 29' Bell Peppers Lb. i mt na i & Lb. 0 10ceach Blue Bonnet MARGARINE 4 ,. Sl00 Pin Isle Sliced PINEAPPLE No. 2 Cent 4 ... 00 Sunshine KRISPY CRACKERS 2-Lb. Box 49' WASHINGTON DELICIOUS APPLES 2 lbs. Zt 40-lb. box $450 Fluhrer's LARGE POTATO BREAD 23 c E,ch Scollies Ficial Tissue 400 Ct. Box.. 4 sl Peaches Whole Freestone 21-2 Tins . 4 sl Soup Cjimpbellii Qualify 10-Ot., All VrieMei 7'"'sl White Star CHUNK TUNA Vat Sizt Cans 4 $00 350 East Pine St. "A Good Place To Trade" Central Point
