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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 1, 1962)
Stock Traders Eye Good News Reports For Market Upturn New York -flTO- Stock trad-1 mier Khrushchev's tone of re- ers are studying the figures of straint in a letter to Britain's i couple of "good news" trad' ing days for some clue to whether it meant a return of widespread public interest to the stock market. They sought to determine whether the investing public felt sufficient encouragement from favorable developments in the Cuban crisis to become again an active factor; and if. as a corollary, there is an ex pectable rise in the number of security offerings. Tont of Restraint Noted Optimistic interpretati o n s of current news were shown by the market activity last Wednesday, in the price rise which attended Soviet Pre- Bcrtrand Russell; and in the buying surge, which extended to nearly all categories of the market, in the opening trad ing Monday after disclosure of the Kennedy - Khrushchev notes on removal of Soviet missile bases from Cuba. Since the May decline in stock prices, volume of trans actions has fallen off heavily on both the New York and the American Stock Exchanges in comparison with last year's figures. Further, some recent Se curities and Exchange Com mission statisl.es on third quarter securities offerings showed a more than billion- dollar decline from the earlier I The SEC last week reported quarter. I third quarter offerings of S Teachers Attend Two Conferences Among the 500 math teach ers from Oregon and Wash ington who attended the first Northwest Mathematics con ference last week end at Gear hart, were Gene Farthing, William Rasmussen, Bill Hart ley, and Mrs. Mildred James from the Phoenix school dis trict. The theme for the confer ence was "Mathematics Edu cation for the Space Age." Mrs. Donna James from Phoenix High school also at tended a conference of t h e Oregon Business Education as sociation at Seaside. Repre sentatives were there from many business colleges in Ore gon and from the business de partments of several Oregon colleges and universities, as well as representatives from the Gregg and South-Western publishing c o m p a n i es and various business machine companies. The theme of the confer ence was "Challenges of Busi ness Education in the 1960V 100.000.000 in stocks and bonds, compared with $3,300, 000,000 in the preceding three-month period. Liis Buiinett Whatever were t h e long range factors behind the de cline, this meant less business in the securities exchanges, and many houses have been feeling other effects of the mid-summer fall-off in prices. It has meant unemployment in some cases; some firms whose income is linked to ac tivity In the market have cut staffs, lopping off newer mem bers, failing to hire when vacancies occurred. Some have openly talked merger, and a fetv have an nounced closing of branch offices both in and out of New York when interest drop I ped to a point where keeping them open was unprofitable. I Few analysts would suggest I that one or two favorable de Ivclopmcnls in the internation lal situation meant that things i would be rosy from now on, but the quick and lively at ' tention paid to some good news w as an encouraging sign to many. QUESTIONS AIRLINES Washington -itiPU-The Civil Aeronautics Board Wednes day asked the 11 major U.S. airlines if they would favor increasing the free 40-pound baggage allowance on domes tic flights. MEDFORDJlSiTRIBlJNE SECTION B MEDFORD. OREGON, THURSDAY, NOVEMBER 1, 1962 PAGES 1 to I EXPENSIVE APPLE Nottingham, England-4'Pli -Eric Peel, 34, an unemployed laborer was fined $2.80 Wednesday for taking an apple from a city owned tree. TIRELESS. WORKER fo. 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