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