Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 5, 1962)
o o MESFORD MAIL TRIBUNE, MEDFOtD. OftSGO THURSDAY. JULY 5. 1962 18 Area Students Are on Honor Roll Corvallis- Eighteen students from the Medford area are lifted on the spring term hon or roll at Oregon State uni versity. To be named on the honor roll, students must make at least a B plus grade average for the term. Listed among the 121 stu dents singled out for special recognition on the straight-A honor listing are Joseph M. Teeter, Medford, business and technology: Robert T. Elmer, Medford, pharmacy; Glenn C. Gratsinger, Eagle Point, Jean E. Sander?on, Medford, Alice A. Thompson, Central Point, all in science; William L Ryan. Central Point, gradu ate school. Also listed on the honor roll are: Agriculture. Johanna M. Landsberg, Central Point. Business and Technology, Nancy G. Adams, Karen J. Culbertson, both of Medford. Engineering, Tommy R. Hensley, Thomas F. Wies kamp. both of Medford, and Donald A. Ryan, Central Point. Home economics, S o n y a Ann Lea, Medford. Science, Willard G Har wood Jr., Harold C. Sexton, Robert L. Steele, all of Med ford. Humanities and social sci ences. Daniel E. Jacobson, Medford. Graduate school, Ronald D. Daugherty, Medford. I m V ! . JT ft HELD BY POLICE Max Young. 33, left, has been booked by La Puente, Calif., po lice on suspicion of assault to commit mur der after his wife told deputies her husband held an open jar to her neck and shook out 1 ' a large black widow and several smaller spiders. A sheriff s deputy, right, holds the jar. Mrs. Young was hospitalized after being bitten by the spiders. (UPI) Distance Swimmer Covers 35 Miles Central Ferry -AMI- Swim mer Spencer Campbell was tired when he got out of the choppy Snake river waters here after a 35-mile swim Wednesday. But the 24-year-old ex-Navy frogman said he was still cer tain he would make the rest of the 557-mile trip to As toria. Ore. He started from Orofino, Idaho, and in three days has gone 104 miles. Decline Partially Due To Lack Of Sufficient Margin New York 0IPI1 The latest in the preliminary reports by the New York Stock Exchange on the heavy trading the last week of May showed that liquidation to meet margin calls played a part in the next time you pour a Lucky Lager, notice the age-date, this is your assurance that it has been properly aged ...to give you the same fine flavor, the same smooth beer, glass after glass, one taste and you'll know why IT'S LUCKY WHEN YOU LIVE IN AMERICA f.vr. 0 o V I T V'. , v v1'" A 51 v I M l. K -if V ' - r -3 - S fa a , , t, t if f w - . :.. - r . -if ' 'lit . s1 " r -. . ' in m-M. rt1 4-4. Early Attempts To Publicize Valley Reviewed at Luncheon stepped-up movement of curities, but perhaps not as great a role as it was credited with at the time. The exchange reports, is sued by president Keith Fun ston, will be summarized at some time in the near future in a final report, designed to answer some of the questions which investors asked when the market went into its gy rations. In his latest release, Fun ston said total estimated dol lar sales on the exchange were more than $500 million on Monday, May 28; more than $800 million Tuesday May 29, and about $fi00 mil lion Thursday, Mav 31 The total estimated dollar value of both voluntary liqui dation (sales by customers) and forced liquidation (sales by firms holding customers' accounts), the report said, was S10-S15 million a day, a'rcla tively small percentage of the gross for each day. Margin Calls Increased However, the number of margin calls increased sharp ly. In the three weeks pre ceding May 25, when volume was averaging about 4.1 mil lion shares a day, a:id the price level was declining, ex change member firms sent out about 6,000 margin calls each business day. In the May 25 - 31 period, daily average volume ran to 10.3 million shares. The num ber of margin calls shot up to about 22,900 a day. Margin is the amount of cash an investor must put up to buy securities; the Federal Reserve board set this at 70 per cent, on initial margin. If an investor's equity in a mar gin account shrinks, usually because the value of his stocks drops, the broker sends him a margin call, asking more money or securities. The call is sent when (he equity drops below a mini mum maintenance standard; the NYSE sets this at 25 per cent of market value, and member firms may set it high er. Funston in this report call ed the number of margin calls "relatively small in view of the total number of transac tions handled for customers." Lake Oswego Gets New School Chief Lake Oswego -njPli- Russell M. Esvclt, school superintend ent in Chico, Calif., for two years, has hern named super intendent of schools here. Clif ford Powers, chairman of the Lake Oswego School Board, announced Wednesday. Esvelt will take over the adminisiration Aug. 1. A na tive of Spokane, he is 49. mar ried and has two children Esvrlt succeeds Lawrence Fish who resigned to accept a position of associate professor of education at Oregon Col lege of Education In Mon mouth Displaying promotional lit eraturc dating back to 1909, Don McNeil, manager of the local chamber office, discuss ed some of the early attempts to publicize the Rogue River valley by area boosters at the Monday meeting of the Med ford Chamber of Commerce Roundtable. Reading selected passages and commenting on the qual ity of several of the pictorial brochures and pamphlets, Mc Neil observed that "perhaps they said it better then." McNeil deplored the pre vailing style and approach of publicity material, which he suggested lacks the proper flowery rhetoric and syntax that was once appropriate. After reading one particular pas-sage which extolled the virtues of the area - its ver dant hills, its rich soil, its abundant harvests, its friend ly people, its manifest possi bilities for reaping a fortune, its invigorating climate-McNeil noted, "They just don't write like that any more!" Hat Sincere Praise The chamber manager had sincere praise for the prede cessor organization to the chamber, the Medford Com mercial Club, and for Sunset magazine, a publication own ed in those days by Southern Pacific railroad, which did so much to draw attention to the region in the early part of the 'century. Southern Pacific even of fered special "colonists rates" at one time in an effort to attract settlers to the Oregon country. One venture of the Com mercial Club which particu larly interested the speaker was an illustrated brochure published in 1909. Among other features of the publica tion was a map of southern Oregon with Medford placed as the hub in the center. Under the map was an offer, published by the Commercial of $1. 000 reward to anyontf'club from lime to time (Mc. who could cite another com munity in the United States with so many outstanding fea tures and so many "diversi fied resources." Seriet of Pamphlet! "Aparently there were no takers," McNeil said, "for (he Commercial club continued in existence and in a solvent con dition for many years." A series of pamphlets were Neil described them as being informal much like govern ment agriculture bulletins) which proclaimed the fecun dity of the area. In the midst of the extrav agant verbiage and totally un- venfiable statements, there was a serious point. And it was to it that McNeil alluded. "Nothing was impossible to the people of this valley around the turn of the cen tury," he said. "They had tre mendous confidence in them selves. Local problems were I everyone's problems. People ' identified themselves closely j with the economic goals of the i community." "We could do with some j more of that spirit right now," he said. A 11 HELP US! We need clothing, shoes, dishes, furniture, end bedding. We Pick Up. HELP OTHERS! The Salvation Army 30 N. Holly 773-7335 Talks Over Milk Contract Continue Portland -UPli- Talks over Portland milk deliveries con tinued today. The discussion involves a contract between Teamsters Local 305 and the Portland Milk Distributors. The two sides met witli fed eral mediator George Walker Tuesday without success. The Teamsters want wage in creases. The distributors say they can afford more wages only by eliminating two slow traffic delivery days. Kennedy's Speech Hailed in Europe London-WPli -West European newspapers today generally : hailed President Kennedy's ! call for a "declaration of in terdependence" between the. United States and a united ! Europe. There was no official reac tion to Kennedy's Independ ence Day address in Philadel phia. But French officials un officially expressed approval. British newspapers general ly applauded Kennedy's call. 131 f jjlj"3 Seafood & Poultry 121 W. Main 773-8497 SALMON Fresh, Center Cut Steaks Boneless & Skinless Swordfish STEAKS 79! SEA BASS FILLETS 59c lb. IsP Jf h, Smoked OO WHITE FISH V ,. EASTERN OYSTERS : Pints and Half Pints Available SHRIMP "70l Halibut Steaks 79c ... WMor CoM " Dip lb- Abalone Steaks $1.98 ,,, Scallops t..,n iMI m, 79c ,. SHRIMP " l98 a. Herring s.di,h f 89c ,, EGGS PULLET GRADE AA o- 19c HEN TURKEYS IQc I Fryer Gizzards and Hearts Fresh Grade "A" L lb. 2-lbs for 55c ( c -4ifipi: i cillifiiilillii ' Jrll Court and Ohio s ) I f Celebration starts with W TyX Vi y 6 V Ribbon-Cutting Ceremonyf fo; at 10 a.m., July 6th! , to l w$Mm hfef K-.-L Exciting DOOR PRIZES! PRIZED GALORE I ! '. Wfers Strike in Rio de Janeiro Rio dp Janeiro 1TI A 54 hour general strike in support of President Joao Goulard paralyzed business and public! transportation today in Rio ne Janeiro. Goularl has not given his approval to the strike, called by the National Confedera tion of Industrial Workers which has more than four million members. The strike was ordered Wednesday after Goularl s second nominee for premier, Dr. Auro Soared de Mnura Andrade. resigned when Gou larl declined to a r c t p t his choices for a cabinet, BALLOONS ! REFRESHMENTS ! FLOWERS for the LADIES! 4. ENJOY EVERY MODERN BANKING CONVENIENCE! Join us in celebrating the grand opening of our new banking home in North Medford. It'll be a day long celebration this Friday . . . from 10 a.m. till 6 p.m. (Standard Time). There'll be fun for the whole family. NORTH MEDFORD BRANCH Court and Ohio THE UNITED STATES NATIONAL BANK OF PORTLAND Member Federal Deposit Insurance Corporation DRIVE-IN TELLER WINDOW CONVENIENT CUSTOMER PARKING SAFE DEPOSIT BOXES 24-HOUR DEPOSITORY 1 ' I I mm DWIGHT HOUGHTON M.nagftf DICK WALIERT Assttunt Manager
