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. Ati rune r lo' Copfl Com,, . i
Ei'ttx, O't. t1ph Csbtt, Chaf
STATE REPRESENTATIVE
"H pledget to guard th inttr
iti of Jackson County and Its
people."
Pd Pol. Ad. by S. V. McQueen,
7.136 H.llcreit, Medford.
PENNEY'Sirf
C P ITT r
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GO ON
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REPEAT of a SELLOUT
B(
PLAID COTTON
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Manufacturer's closeout of those
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