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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 27, 1962)
WEDNESDAY, JWWE if, MS B I Dennis the Menace HOMI APPLIANCE 0.s MEDFOBD MAIL TRIBUNE. MEDFORD, OHESOH 3flli Your Money's Worth y SYLVIA PORTER Cspyright, Hid Syndict, Inc. WHO'S 'LUCKIER' IK STOCK MAHKET-WOMEH OR MEN? Have women been "smarter" in handling their itock transaction than men in the past few yean and thus, made more and lost less? Or have they perhaps been "luckier"! than men, because they didn't get in on the hot-hot new; issues and over-priced glamor stocks in 1861 and so they've been stuck with these now glacier cold stocks in 1962? , There's more than a suspicion that the answer to at least th second question, if not the first, is "yes." The evidence lies in the latest statistics comparing own ership of stocks by women and by men, disclosed yesterday in the fourth and most comprehensive survey so far of stock ownership in the U.S. by the New York Stock Exchange, Here are the statistics and following is a logical interpretation leading to the above provocative comment. Statistic! Today, women account for SI per cent of the total adult shareholder population, as against 49 per cent for men. In 1999 women shareowners outnumbered men by B2.5 to 47.5 per cent, and in 1958 by 51.4 to 48.8 per cent. The division between the sexes Is more even now than at any time during the previous decade. Statistic! Today, 15.6 per cent of the total population of adult males are stockholders compared with 14.9 per cent women. In 1959 the percentage of women topped that of men by a slim margin. Statistic! Nearly 5.5 million housewives are shareholders. up from 4 million in 1959, and housewives are the largest single group of shareholders. But as far as the percentage of the total goes, the housewife group has risen only from 33.1 per cent In 1959 to 33.6 per cent now. Statistic: Women lead most marketedly in the 65-and-over age group, where they outnumber men by nearly 500,000 Men, though, account for a higher proportion than women in the most active ages of 21 to 54. Statistic! More than twice as many women as men-1.5 million to 713,000-obtain their first share of stock through inheritance or gifts. Statistic! Among the shareholders who have entered the market for the first tune since 1959, about 55 per cent are women, a clear majority. But of those who became new dult shareholders between 1956 and 1959, more than 56 per cent were women. Put all these statistics together, place them against the background of a share holder population skyrocketing 4.S million just since 1959 to a record 17 million and a market which in the past few months has erased most of the gains of this entire period and where do you come ouu You come out suspecting women recently have been either smarter or luckier than men in the market-and here's why. Obviously, th individuals (rarlihly gambling in new ataek issttas and bidding up th glamor stocks to fantastic Utl last rar war primarily man. Otherwise, th per centage of woman to man shareholders weuld not have dreppsd as it did. Th census itself include a foolnol that "data assmbld suggssts that many mora mn than woman participated in th unusual stock market activity In she serins of 1911." Obviously too, a lot of women who owned shares in 1959 were no longer shareholders at the time of the 1882 census. This is th only explanation for the fact that, while 55 per cent of new shareholders since 1959 have been women, the proportion of men in the total shareowner population be tween 19SS and 1962 climbed substantially. Th new issues and glamor stocks have been the securi ties which have taken the severest licking and n;-n their owners the most. Perhaps the resson women didn't play the new Issues in 1961 is that they weren't on brokers' preferred lists and didn't get the chance. Perhaps the reason is that they didn't know what was going on in th glamor stocks because wo men at hem don't get the variety and quantity of tips that husbands get in their offices. Perhaps the reason is that an ldrly widow who has inherited her securities is natur ally mora conservative than a young man In his 20s or 30s- and she should be. Whatever th reason or combination of reasons, the fact Is that th percentage of women to men shareholders has dwindled for th first time In these past few years-and this has been a period of th worst stock market craekup in modern times. Smarter? Luckier? you oeciae. Finding Upheld In Portland Newspaper Strike Portland fCTB The Na tional Labor Relations Board has upheld a trial examiner's finding that the Stereotypers Union violated the Taft-Hartley act on an issue involved in the 1959 strike against the Oregon Journal and Orego nian, it waa reported Tues day. The NLRB held the viola tion was in connection with union demands to require stereotype foremen to be union members. The decision and order Is subject to appeal to the Cir cuit Court of Appeals, It will become effective in 20 days if not protested. While upholding Examiner Martin T. Bennett on this point, the NLRB disagreed on three other findings. Other Itsue Bennett had ruled the union's position on three other issues, when coupled with its position on the foreman is sue, added up basically to in sistence on illegal closed shop conditions. These issues, on which the board over-ruled Bennett were the extent to which the constitution and by-laws of the unions were to be incorporated in the new contract, the manning of equipment and the right to substitute workers. Regarding foremen, the NLRB found that by "insist ing upon and striking for this clause" in a proposed new contract the union had en gaged in "coercion of the pub lishers in their choice of a bargaining representative." The Stereotypers Union struck on Nov. 10, 1958, and members of other un'Mis ob served picket lines. The news papers continued to publish, Tax Commission Tells Breakdown Of Collections Salem - (OPB - The Oregon Tax commission has released a breakdown of its collections so far this fiscal year through May 31. Last week the com mission announced the total of $111,948,122, 8.1 per cent over fiscal 1960-61, May collections, as the com mission also indicated last week, dropped by $3.3 mil lion in the personal and cor porate income categories, compared to May 1, 1961. Collections of the two ma jor taxes, however, compared to 1961 on an 11 month basis, showed an increase of about $7 million this year. The big corporation excise collection was up about $1 million. Also up, slightly, were revenues from the Class A and B lands tax. Breakdown Given The breakdown, with the 1981 comparison in parenthe sis: Personal income tax - J90,- 332,649 ($83,016,128). Corporation excise - $20, 658,201 ($19,615,198). Corporation income - $146,- 868 ($163,551). Amusement device - $71, 030 ($75,829), Electric coop - $147,255 ($139,943). Class A and B forest prod uct lands - $483,613 ($477, 889). Class C forest product lands - $15,033 ($14,126). Class D forest product lands - $7,837 (none). Private car company - $19, 281 ($19,198). Rural telephone exchange -$68,555 ($75,035). Total - $111,848,122 ($103,-598,887). OIL LEASES CRAHTED Salem - WW - The State Land Board has granted two oil leases to Willard Farn ham, Portland, covering 81, 344 acres in Coos, Curry and Douglas counties. Confidentially We LOVE tO Loan! Buying or building a home? If your answer is " 'deed we art," sa U. S. for tailored horn financing, customized to your family needs and income. If you now own a homo, you may find it profitable to refinance through U. S. National. TMt UNITID STATU NATION! 1ANK Of P0ITUN6 JlTLL 303 So. 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