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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 13, 1962)
r r ' 3 WW" - v - OTW' JlUlsya JJ?jMb if you damage thts tire on the road! - m 1 t . 1 Unpretedented FREE REPLACEMENT GUARANTEE covers ANY failure Other tire guarantees require the car owner to repay part of the cost of replacement if tire is damaged beyond repair. But if a Hairs High Capacity Tirr. is damaged, you grl a nrw tirr without payment of onr crnt. This remarkable guarantee covers any failure including blowouts, rips, stone and curb bruises, rim-cuts, etc., (except repairable punctures), foe full tread life right down to the last 1lOth inch of tread depth. Jf tire ails you get a new tire free no charge for mileage already used! itcioir DUTiuinoi 1 WHOHStg-KITll j Bud's Tire Exchange, Inc. 1600 North Riverside Avenue Phone 773-7745 MEDFORO Administration Makes 'Agonizing Reappraisal' on Federal Spending Washington - HOT - The Kennedy administration is go ing through one of those "agonizing reappraisals." This one concerns federal spending and tax policy. It is sure to produce lively, perhaps bitter, debate. On the outcome of the re appraisal hangs in part the size of the tax cut - for indi viduals and corporations -which President Kennedy will propose to Congress for passage next year retroactive to Jan. 1, 1963. The new look at fiscal pol icy stems from these develop ments: -The failure of the econ omy to expand rapidly this year. The consequence: full use of resources - men and Foreign Briefs DISPATCH NOTES AMERICAN LOSSES Tokyo-UPU-A Communist North Viet news agency dis patch said today 101 American officers and mn have been killed, wounded or captured in operations against the Viet Cong guerrillas in South Viet Nam. AIRLINES CITE PASSENGER TRAVEL INCREASE London-ilW-Britiih state and private airlines carried 6.89 million passengers during the year ending March 13, the aviation ministry here announced yesterday. A spokesman celled the figure a 13 per cent increase over the preceding 12 months. AMERICAN MOVIE WINS PRIZES Rome UPH-The American movie "Judgment At Nuremberg ' won several prizes at the "David of Donalello" awards here yesterday. ' The United Artists movie won the golden David tor the best foreign production of 1951-62. while Spencer Tracy and Marlene Dietrich were voted awards for their per formance in the film. machines - is still an uncer tain hope for the future. Budget In Red The prospect, still not openly acknowledged by the White House, that the 1963 budget will run in the red, perhaps by as much as $4 bil lion. A modest $436 million surplus was originally plan ned. Modern economic ortho doxy teaches that government can influence the level of business activity in two ways: by what it takes out of the economy in taxes; by what it pumps into the economy through spending and loans. President Kennedy has en dorsed the view of his eco nomic advisers that the pres ent tax structure takes too big a bite out of individual and business purchasing pow er and thereby brakes t h e economy's thrust towards full employment. More than any other economic factor, this explains his decision to ask Congress for a tax reduction. Federal Spending Question' The question still to be re solved is federal spending. Should there be a revenue surplus, a balance, or a defi cit? Budget Director David E. Bell implied Tuesday that this is an unsatisfactory way to look at the budget. He sug gested that it might be more intelligent to examine federal spending and revenue as they contribute to achieving full employment. Bell said he was not sure that such an approach to budgeting would ever be adopted, "but it is clearly an attempt to face the real prob lem that confronts us, and in Regional Edition MEDFORDf Page 2-A Tribune MEDFORD, OREGON, WEDNESDAY, JUNE 13, 1962 some respects it is the most sophisticated and precise standard that has yet been suggested for federal fiscal policy." M-o-v-i-n-g? RIASONAIkl CAfUFUl s&r' l "SV l? JACK TAN UNCI. INC FITZGERALD WORLD-WIDE-SERVICE' . . . Mil . 773-7761 on CONTINENTAL TRAILWAYS you are a r,'s .ttFtP PASSENGER.. (iffiS" - 7 IJ enjoys exclusive FIVESTAR LUXURY SERVICE HOSTESS ABOARD REFRESHMENTS REST ROOM OBSERVATION LOUNGE LOUNGE CHAIR SEATS SEATTLE SACRAMENTO SAN FRANCISCO FRESNO BAKERSFIEID LOS ANGELES SHIP PACKAGE EXPRESS Carefree CHARTER BUS Free VACATION PLANNING 5th and Front Phone 773-1853 SOUTH KOREA TO RECEIVE SURPLUS PRODUCE Seoul-WI-South Korea will receive $71.5 million (M) worth of surplus U. S. farm produce this year, according to a new agreement between the iwo countries. Stocks Suffer New Widespread Losses In Active Trading New York -(UPII- Stocks de veloped widespread new losses Father's Day )44 aW 'is -V'S,, SHOUIDE SP-OUT PICNIC JUS M "T "T J !lU.Ji """! Z'r- ""l . ritproof, rugg.d. ell stlo.lic "k .""'V w ""-' I 1-ald.a ran and fib.tgloi In. kJV lO,""-bi,k- V all hoi ar fold llaidi. A ami lor if ,atTw ''C " Ihoio groat vacation ovtineil P' jV flBa oW m CZLflfSATA-UTER I I -f N ELECTRIC 1 BARBECUE LIGHTER KJ'0 -1 , , , , . .,. SALE PRICE I aw.f Soft, ilurd, compact, tfft- M k -jjjjk m finl, convtnlinl to utt, H L J". , m0 Sold unit cotittrutlien, I O "ijw .4 k " . hovy fniulaltti cod. cool I kw , IlAOS m h8rw handl with afl I otiothtd nod tor wotmg. f Famous Make -HOt '8V,u LAWN EDGER 7 4 ll&aS f Vl 1 y iubbor tirtd driving whiol. I m Villi ""1 Sl(l lioring, doublo wollid r- ' T 1 P I I Moot torouo idoll, lomptfd ill 1 !fi VSJhrO I ,uHi"9 ". it E ii t 1 je l!lra V 1 I ihorpiing. Cwli In oilhtr rutfl & " yOe. ,., M"1" l,,,0l,',, fio. Sktor, tl.o.ly ond A , I ',, f f ' !1 I. " 4 nee- X 3.98 Velu. X OPEN FRIDAY "JZL UNTIL 9 P.M. O (T nn C (WS SnlV.ll II BAR-B-O's to $9995 BUDGET TERMS FREE PARKING at Our Front Door Ttnth and Central Phont 772 3201 of fractions to more than a point in active trading today. Among the blue chips, Du Pont, Ford, Procter & Gam ble, Goodyear and American Telephone were down more than a point. Losses in .steels were minor, but some chem icals? and oils were down as much as a point. Ford was the only deep loser in the autos. Sizable losses were fre quent among the drugs and electronics.. Most rails and utilities ,(elll fractions to a point, although a few rallied slightly. Nw York - IUPII - Dow Jones final stock averages: 30 industrials 580.94, off 14.23; 20 railroads 122.91, off 2.74; 15 utilities 110.76. off 2.04, and 65 stocks 201.66, off 4.56. Sales Tues day were about 4.69 mil lion shares compared with 2.67 million shares Monday. Tiienday'B prices on selected jttocks: Allied Chemical Alum Co Am American Air Lines , American Can American Motott AT&T American Tobacco Anaconda Copper Bcnriix Corp Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola CBS Continental Can Crown Zcllerbach Crucible Steel txd) Curtis WrtRht Dow Chemical (xdi Du Pont Kastman Kodak Firestone , Ford Ceneral Electric (xdi General Food General Motors GeorRia Pacilic Greyhound Gulf Oil ... Homestake Idaho Power IBM Int Paper Johns Mnnville Kenneeott Copper Lockheed Aircraft Martin Co Merck Montana Power MontKomcrv Ward National Biscuit I xdi New York Central . Northern Paritlc Pac Gas Elec Penney J. C. Perm RR Purina Cement Phillips . Procter K Gamhl Radio Corp ixdt Richlield Oil Sairway Sears . . Shell Oil Soconv Mobil Oil Southern Co Southern PhciIic Sperry Rand Standard California . Standard Indiana Standard N J Stoke !y Van Camp Sun Mines Texas Co Texas Gulf Sulfur Texas Pacific Land Trust Thmkol TransAmertra Trans World Air Tri-continental I'nton Carturte I'ninn Pacific I'ntti'd Aircraft I'niied Air l.inef I . S PI wood 41 , l'. S. Rubber 4.1 V S Steel 40 ' , Wet Bank Corp ilT 'v Westing home JT ' JESSEL COMING Portland 1 "PI- - Kntrrtainrr George Jrssrl will lit in Port land June 20 to help launch the Portland Committee for Israel Bonds drive. The drive seeks to raise a minimum of SHfl.M.O.non thrnushout h e world this year to help de velop Israeli economy. 7 SO', 13' i . 401! 2 Ln nJ COOL OFF FAST WITH THE IH Thinline R00M AIR C0NDITI0NERS J3'! This is the HAPCO hot weather jrf wiP'T yr- .t-J I If special, 6000 BTU bedroom- K DBrh5 Y",fttoka in.vl size air conditioner. Sleep in H W? ' 4jjl air that's cleaner, dryer and g ; I HMH$1?i i ::. :: H iu.H:Haj!s. lUner mo. gill 1 ii-: II p5:?iwri Regardless of capacity you'll like a G-E AIR CONDITIONER better because it runs more quietly and will last longer. Cheats from exciting new models designed to solve your particular cooling requirements in normal window installation or through the-wall. i m K N i From now till June IS, all G-E air BTU coacity are subject to the I CAlORE $30 BONUS. Don't wait 1 live in cool comfort NOW. I HaiHaa mmmm tmi Be One of the First . . . Shop Tomorrow! 115 East Main in Downtown Medford and at 115 E. Main in Ashland ikm$t&au& Co.&6 jMrvbq wttk, Oregon, i
