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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 15, 1962)
Mfc-DFOHD MAiLi IttioUrtu. MtWUrtU, OREGON SCHOOL NEWS St. Mary's High School Reported By Siephanie Hollen On Oct. 11 the students par ticipated in a Mass said for file success of the Ecumenical Council which convened that day. Prayers designated by the bishop also have been said by students since Oct. 1 for its success. Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. Student handbooks contain ing the history, constitution, and explanations of school or ganizations were handed out to the student body Tuesday. The revision of the hand books was a project under taken last spring by the St i dent Council to familiarize everyone, especially new stu dents, with the history and rules of St. Mary's. Since the move to the new location sev eral items have been altered Rules made necessary by crowded conditions were dropped. Graduates of St. Mary's High school place high on the honor rolls of two colleges Thomas Depncr, Ronald Da ley, and Jacqualine Garrc-lt placed on the Presidents' Hon or List of the University of Portland. Jere Randolph was included in the Presidents' Honor Roll at University of Santa Clara in California. Sister Frances Mary, iro.n Iarylhurst college and the Rev. John Hooyboer CSC, from the Univcrstiy of Po-l-land talked to the juniors and seniors on their colleges l?st Wednesday. Both stressed the advisability of wide investiga tion before determining to go to college and before select ing a college. The newest pill -strictly for the washer makes gobs of suds when it dissolves. Looking like a king-size as pirin, the detergent tablets are two inches across and one inch thick. Two tablets are used in a top-loading or wring er machine; one, in a front-loader. VOTE (X) Al Bradford Democrat for State Representative Serving Hit Sixth Year as Medford City Councilman Bradford for Representative Committee 1 Russell DeForest, Chairman, Franklin Bldg., Medford, Ore. PROFILE OF THE WORLDWIDE BEAR MARKET The crash in stock prices in the United States this year has been duplicated in stock markets all over the free world. ' In fact, severe as our May-June break was - and it was the most severe in modern times - it shapes up as compara tively mild when placed against the stock tailspins in other industrialized nations. Measured by tile familiar Dow-Jones index of industrial stocks, prices here plunged 27-1 per cent from the December 1961 highs to the June lows. In Germany the drop from high to June low came to a shattering 47.8 per cent. In Italy the break came to 36.3 per cent. In the Nettherlands it was 34.7 per cent. In Australia, 32.4 per cent. This has been a global phenomenon, a world-wide bear market. And while stock prices have recovered from their lows in all the countries, few of the comebacks approach even our modest recovery. Thus, it is not only the U.S. stock buying public which has become disenchanted about the easy, quick profits to be made in Wall Street. The disillusionment crosses many borders and what is happening here is happening over seas too. All over the globe there has been a sharp drop in trad ing in stocks, a spectacular cut in buying of mutual fund shares, substantial lessening in the demand for new stock issues. The business slump sweeping through Wall Street since spring is sweeping through the financial centers of every other major nation as well. The explanations for the stock crackups also are generally similar. The profit squeeze which has been hitting U.S. cor porations across-the-board is now hitting foreign companies and for the same reasons: rising costs on one side, stable to weak prices on the oilier. The shift into the most fiercely competitive era in decades here is occurring abroad too, and the era when a manufacturer could sell whatever he could produce at constantly increasing prices ended years ago. At the same time, before the price retreats started, stocks had been bid up by naive amateurs and greedy specu lators to levels which made no sense considering what the corporations were earning, what they were paying out in dividends, what major profit problems they faced. A compilation by Prentice-Hall reveals the profits of the worldwide bear market. It has some fascinating facets. For instance, the break in Wall Street actually came late. As far back as 1960, the highs were reached in the stock markets in Australia, Germany, Italy. Topping out in 1961 - before we reached the peak in December - were the markets of Britain, Japan, the Netherlands. But when the plunge turned to panic here in lale May June, Wall Street pulled the western world with it. The bot toms in almost all the markets were set in June. . Finally, while it's probably only a coincidence, it is a provocative fact that the average decline to date in 11 for eign countries from top to bottom has been virtually iden tical to the drop here - 27.6 per cent as average for all 11 countries against 27.1 per cent in the U. S. Here is the worldwide bear market's profile. j Percentage Country High hit Low hit drop United States 1161 662 27.1 Australia 860 662 17.2 Austria ".. 262 662 32.4 Belgium 462 662 13.5 Canada 362 662 20.0 France 462 662 15.4 .Germany 960 662 47.8 Italy 960 962 36.3 Japan 761. 962 26.6 Netherlands 461 662 34.7 Switzerland 362 962 29.2 United Kingdom 561 662 30.8 Mind you, these are only averages; they hide the fact that some of the free world's most popular individual stocks are down 50 to 75 per cent from their peaks. It'll take time - and a big price rebound - before the millions of disillus ioned stockowners forget what happened to their get-rich-quick-and-easy dreams in 1962. Two Bodies Found Near Coos Bay , Coos Bay -WPIi- Two bodies ; left on the beach near the j south jetty during the week I end were identified today as victims of a charter fishing boat that overturned Oct. 1 at Winchester Bay with eight persons aboard. NATURAL GAS EQUIPMENT COMPANY On Display the largest selection of pas heating equip ment in So. Ore. COLEMAN Space Floor - - Unit Forced Air Upflow - Down Flow Horizonlal Wall Furnaces Hot Water Healers. Ill West Main Phone 772-2322 KtlUrp 'WW! 'J1. The bodies were identified as those of Marquita Wallace, 13, Springfield, and Kenneth Abbott, about 45, Winchester Bay. Abbott's body was discov ered Saturday and the girl's body Sunday night. "Three persons were rescued following the accident and one 1 body was recovered immedi I ately after the accident. Still missing was Dale Crof ton, 26, Winchester Bay. The body of Ted Berry, formerly of Laguna Beach, Calif., was found later in the Umpqua river. Abbott and Crofton were crew members. The boat was returning over a storm-tossed bar from a salmon fishing I trip when it capsized. WeaJey 7, "si ft BRINGS YOU THE '63 CARS WSm ...IKT COLOR..JN kMltSc'l Family Weelcly Special Auto Show Issue What's new about the new cars? You find the answers plus pictures of all the 1963 models in Family Weekly's colorful auto issue. Special re ports by auto experts tell you how to save money on insurance, what to expect in the '63s and what type of car you might be driving in 1983. Be sure to see these interesting and informative articles plus the regular Family Weekly features. COMING IN YOUR OCTOBER 21ST ISSUE MEDFORD MAIL TPxIBUNE Realtors Urged To Back Industrial Park, College And Proposed Stadium A 5 Realtor John Weisbrod, 1 Acorn Way, urged the real es tate profession to get behind the White City Industrial park, Southern Oregon college and the proposed multi-purpose stadium at the Medford Realty board meeting Friday. "A multi-purpose stadium in itself, if it is propeiy ad ministered, will be in constant use for conventions, youth and organizational rallies and athletic events, " Weisbrod said. Weisbrod noted thai very few real estate firms can qual ify as industrial developers. However, this is a necessary part of the economic life of any growing community. White City Realty is such a firm. Since 1950, it has converted an abandoned Army camp in to an industrial park with an new companies and 1.300 full time employees in the area. This labor pool, based on the ratio of one to 15, would indi cate that White City Indus trial park will support ia, 500 people in southern- Ore gon, the speaker noled. A great deal of ability, time and money went into this pro ject, he continued. Real ( estate people should contact Glenn Jackson, pro ject president, or John Laden. White City Realty, if a good connection for possible new industry has been made, Weis brod said. Stabilizing Influence "Another of Southern Ore gon's finest industries and most stabilizing influence is Southern Oregon college," Weisbrod said. Student enrollment is near ly 2,000 with average student spending estimated at $3 mil lion. The college budget cir culates $1,500,000 and is real ly a return of tax money, the realtor explained. As the college grows more buildings will be added, more students will demand more technological courses and more grants and endowments will be given the college for : research, he continued. This brings industries in that want to locate close to the source of new discoveries and the tal ent being trained, he concluded. Crater High School Karen Griggs, Reporter Nine journalism students and two advisors represented Crater High at the Annual Journalism Conference in Eu gene Oct. 12. Two students and Advisor Miss Lull rep resented the annual staff, while seven students and Mrs. Bracken reprecnted the paper staff. Kansas City, Mo., was seen for the first time by FFA President Pat Neal and FFA Vice President Bob Ryan. The boys attended the National FFA convention. They were chosen to attend by being the most active members in the chapter. Both boys are seniors in high school. "Smile" was heard by many seniors Oct. 10, 11 and 12 as they posed for annual pictures. The boys wore suits, lies, and white shirts while the girls wore black drapes. The "Crater Comments" re reived the All American Award last semester. This award is the top in the na tion for (he high school newspaper. Polly Aye and Karen Griggs were elected to run for FHA district secretary at the district meeting in Med ford Oct. 27. The Crater chap ter elects two girls to run against each other at the dis trict meeting and one vill be elected secretary. Both girls are juniors in high school. The New Jersey extension service advises that perfumes and colognes should not be applied directly to clothing. The alcohol content tends to "bleed" some dyes, causing permanent staining. KEEP THIS GREAT DEMOCRAT WORKING FOR OREGON AND YOU! RE-ELECT U.S. SENATOR ! j ! I $644,652,000 FOR CORPS OF ; ENGINEERS CIVIL WORKS EXPENDI ' TURE IN STATE OF OREGON ALONE TO JUNE 30, 1961. TODAY: UNDER CONSTRUCTION BY CORPS OF ENGINEERS IN OREGON PROJECTS TOTALING $958,662,000. PROOF: U.S. SENATOR ROBERT BYRD SAID OF WAYNE MORSE: " DO NOT KNOW OF ANY SENATOR WHO HAS BEEN MORE FAITHFUL TO THE NEEDS OF HIS STATE." SEE AND HEAR SEN. PAUL DOUGLAS Speaking On Behalf of WAYNE MORSE KBES-TV October 15 8:25 p.m. i PA Pol A-l . , Govtrner fielding, Portland, Oftgan. E, 0. &ptncr, Cnairman. M"" "" MWPWHll.il I I III I , ii.i. mil II ! IJ l IIUi.H.III.II, ), I,. II 11)1 Limit Rights PARKING Monday, Tuesday, Wednesday Food Buys at GROCETERIA , ; &1 I 1 fe; ; Ground Beef j ! SHORTENING sall Toilet SOAP 325 J G3k n n n r?3 n I7k i? h et& ii,,i if I; ASPARAGUS No. 300 Can... 35c Ur H 111 : PEAS Bits'oHoney n 5f99c Tomato Juice 3183 I 1 ftlBBffW STRAWBERRY arc IjUIUlV A JO I : Slot Cereal as? :, 23 I I Frosting Mix 25u . Frozen Hi lift if) Tr.a.woot HoS I Orange y) 111 blf eJlTSL $1.00 ' Ur i Facial Tissue Limit 3 ease Pkg. IM Baked Beans jS 3i79Bf .; B&M BROWN BREAD lb. can 29e k 11 I imiibiA a fdiiit Aiivro I I Ti T I 1 mHninu h rnun uhal: Groceieria .': I WicU isiortment of citron, lemon, onnga peel, mlxad l ,r f . . u r:, 1 fruit., gl.c. pineapple, charria., .te. 1 .jjTJ ?-n It J I 1 vivJ&s BAKERY F) j I FRESH OREGON J 7 M b 11 CRANBERRIES ffim -tSM ' abb - Mi fr CAKE si I i ONIONS TlSl' Mc ; j 1 'It; kumm mmmmmmmmmmmmmHmmmmwimii- m mtmmmmmmmmmmmmmmnmiii yti mmM,mlM
