Medford mail tribune. (Medford, Or.) 1909-1989, December 12, 1962, Image 10

Historic Oregon Newspapers

Medford mail tribune., December 12, 1962, Image 10

Image provided by: University of Oregon Libraries; Eugene, OR

About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 12, 1962)

Prev Page of 23 Next Prev Issue Next Text PDF JP2 (2.7 MB) Clip/Print Image

Return to Top

Prev Page of 23 Next Prev Issue Next

Newspaper Page Text10 A WEDNESDAY. DECEMBER 12. 196J MEDFORD MAIL TRIBUNE. MEDFORD, OREGON I They'll Do It Every TimcT By Jimmy Hatlo MVNAU SAT OH HER UUSBAND'S SHOULDER FOR AN HOUR TO SEE ELPlS SNARLEY FOR A SPLIT SECOND- But when sue cam see him from all angles for a full hour-. NOT INTERESTED I ""i saw twe'N TCPC'NV fmn-V" i ;:SS5 TOP OF UIS WAT.1 ffCf THAT CROONER I 7 DON'T BOTHER 1 ( IN PERSON-' AJ Jwei'mtrvin- THERE ME JJtMfr Uru fr TO CATCH A ) 3 4-H News ' Wait Sid Hor Club " The West Side 4-H Horse club held their first meeting .- recently. We elected officers. ; They are president, Sue Ach : crson; vice president, Philip "; Kendell; secretary-treasurer, '- Andrea Chartier; reporter, i preg Graff; recreation, Mike Offord; leaders, Mrs. . Reid and Mr. Doty. People interested In joining t the club may call Mr. Doty at . 772-9573. Our next meeting will be . held Dec. 26 at Mrs. Reid's ' We are going to plan some re -' creation and select a name for our club. Greg Graff, Reporter. School News . Happy Homemokan The December meeting of the Phoenix Happy Home makers 4-H club was held Dec. 8 at Phoenix High school. Mrs. Haekctt, our leader, gave a demonstration on "How Not To Bake a Cake." She made many common mis- takes in a funny manner. Af- tcr the cake had baked the . proper amount of time, Mrs. Hackcll pulled out of the oven a pan with a rock in it. Linda Rasmusson and Mar . cia McGcary were the hos tesses and served punch with cupcakes and cookies. ; On Friday, Dec. 21, all S Happy Homemakcr club .' members will meet at the : Phoenix Grade school as soon as school is out. We are going to make a tray of favors, take them to the Rogue Valley Nursing home and sing Christ mas carols to the people there. The next meeting will he Jan. 26. It will be . a break fast meeting. Minday Hacked, Acling reporter. Jewett Grade School The first "parent - teacher conference" report period at Jewett Elementary school has Deen completed. Teachers and administrators are vcr. grati fied at the success of the new reporting system. Many fa vorable comments have been received from parents. A 25-minute conference pe riod was planned with the parents of each pupil. More than 98 per cent of all con ferences were completed, which is a percentage far above the national average. Teachers were very grall fled at the large turn-out of both parents. They feel it an Indication of increased inter est in education and their children's schooling when large number of fathers make arrangements to attend the conferences. There are four report peri ods during the school year at Jewett. Conferences will be held again at the end of the third report period next March. Dec. 6 to pick three students from each class for the College Bowl. Eight students will be formed into two teams to compete in St. Mary's ver sion of the College Bowl on Dec. 18. This is the second year NHS has chosen this particular pro gram to further interest in learning. St. Mary's School By Mary Ann Carnagit, edi tor; Emili Zwan. Mary Carol Ltavani, Ann Deprtr. Si- phani Holln and Su Ca ptrna, raporten. Reai Creak Ranegadei The meeting of the Reese Crock Renegades 4-11 club was held recently at the home of Mr. and Mrs. Moore. There were 13 members and eight parents present. We have two new members, Eddie Joseph son and Jim Josephson, Mr Moore handed out our re. D" 1 books. We discussed nur mmunity project. We mad ilnns for a Christinas partv. Debbie Phillips, Reporter - The school has been blessed with the presence of a newly arrived inter - communication system which has long been awaited. The Parents' club donated the Intcr-com and Earle De Lisle, Dunne Kraft, Arthur Becker, and John Strobe! In stalled the speakers and other equipment. A number of the high school boys helped in the operation. Speakers now connect the library, classrooms, locker room and multi-purpose room with the office. The record rainfall plus the lack of drainage caused local ized damage to the furnace at the St. Mary's High school and water invaded the admin istration building, all-purpose room, court yard and parking lot. Aid from Mcdford citizens prevented further damage. Most of the mud was re moved from the building on Monday, but water in the fur nace room prevented the con vening of classes until Wednesday. Pete Naumes and Mike Stlnson commandeered the fire hose to remove the re maining mud from the park ing lot on Wednesday. Other students from other classes helped to complete the final cleaning of the premises. Your Money's Worth By SYLVIA PORTER Copyright, Hill Syndics), Inc. Crater High School By Karen Griggt Talent! Talent! Talent ev erywhere. The Crater girls certainly showed a lot of tal ent at the Girls League Tal ent Show Tuesday, Dec. 4 at 2:45 p.m. Mistress of Ceremonies Sharon Shcllaburgcr announc ed the first number which was a modern version of the Charleston done by Claudia Chase, Cathy Brown, Ginny Tomllnson and Joyce Ander son who were dressed In gun ny sacks. Singing the song "Tonight" from "West Side Story" was Pnm Martin who later sang "Sentimental Journey" In a duel with Eddie Appelgale. Eddie sung a solo of "Temp tation. Carol Straus and Mary Ann Taylor did a Spanish baton routine which was followed by "nine Moon" a duet by Joyce Johnson and Sue Coff- man. Doing a routine of tumbling acts were freshmen Joan Mo Gnwnn and Linda Henley. Dancing to the theme of "Breakfast at Tiffanys" were Carrie Greene and Margaret llowden followed by a solo "Maria" by Miss Carol Roach. The sophomore yell leaders did a dance routine dressed in meni while shirts and red tislits. Those girls were Cher yl Hanunill, Connie Vilarinn. ; Margaret Ayres and Linda J Walker. ! Dnrlone Thompson, pam .Kreomnn, Donna P,hII.v, Terry McMunamrt, Cynthia' Pleas- ant, Shirley Roach, Norma nenaiz, until Hllcklloltz. Canl 1 Peterson WGood-Time" Charlie Suffers Uneasy Bladder Un iw rating or drinlini may hf a soiine ol mild, hul annoying hlatliler irniatiunt makini you led rcMlr, trine, and utKotnforinhlr. An it i( irMlrs mphlv nh ruining nariaihe, hfvuUuhf or muscular aihr ami pains rim? in nvtr-r fition. Mimn or rmtv tional upset, air a.Mmg to votir misery don 'l wail-lry Dunn Hills. Doan'i fills act i way lor pecW relief, 1 I hey hiivf a Mining rilfvt on hhiililer nutation. 2- A Imm p,un relieving action on namiing hauLuhe, he .1(11. ties, muscular aches and pains .1 A Komlertttlly mild duneiic auion thru (he kidneys, tending to tm tease the output o( the IS miles of kidney tithes. So, c.'t the same hapnv teliet millions faave enjoyed for over 60 )C.lfft. lor convert frnt.f, ik (or the iJICf X17t. tiff ihua't Pili today! Doan's A career day for all St. Mary'a students was held on Wednesday aflernonn, Dec. 5. The opening speech was pre sented by George Brown from Ihe Governor's office who ex plained the Job picture In Ore gon. He also talked about the method of apprenticeship and the demand for qualified workers In almost every field. Following his speech were three sessions, each 25 min utes In length, in which speakers explained the quali fications, opportunities, and necessary preparation in vari ous careers and vocations. Speaking for the medical prolession in varied fields were Dr. T. J. Tinsloy. Or. L. D. Pennington, Mrs. May Lam berg, Dr. K. J. Shasky, Dr. E. L. Lawson. and Mrs. Joan Hass. The fields of engineer ing and building trades were presented by Dr. K. R. Mnr Craken, F. Smith, and V. Lindsey. jonn nelson gave Informa tion on two related Holds, clerical work and business ad ministration while Elliott Beoken stressed the field of teaching. Speeches related to law and Ihw enforcement wore given by Police Chief Charles Chatiiplin and Judge L. L. Sawyer. Social work was the sub ject of Mrs. John Porto's talk and conservation (hat of Dr. F. W. Sturges. The qualifica tions (or an airline hostess were presented by Mrs. James Mullanoy and the field of rlvil service was covered by W. H Stewart. All these sessions were 1 " open to all four classes in Ihe Hunlort Ur. J L., high school and the students i "unfe,s Warned by could choose their particular I farmers Owning Cows me i( upins; Nrw m, Mlm, ,,,, i You've hoard about the farm- Friday, Dec. 7, inimedialolvi"1"',1""8 '"" rO W " M following classes, St. Mary's 1(1 Pro,M'1 ,n,'m f'' first basketball pep rally was """'' held in Ihe multi purpose ' Wr"' n """ i I'll" room. Coach Paup introduced "r-" ,,ave ,ilk,n ",ore ,im'1 :he team and gave pep talk ' "l'pr"i,l h A"'T ,wn row o the Student Body. The Let- j killl"(l '' 'll. Ihry erman's cluh presented a J"lcd in sponsoring a run hort skit. jmng ad in the daily paper warning hunters to stav away National ..onoi ,oriey Eaenr he prosecuted (or lrcspa n elimination let TliursHav. ' Ins WHO'S CAUSING VIOLENT STOCK FLUCTUATIONS? The atock market's swings, down and up, in 1962 have been among the most violent in history. The crash on Black Monday, May 28, ranks as one of the steepest of all time; the price comeback since our successful showdown over Cuba Monday, Oct. 22, has been almost perpendicular. Wall Street will be making no proud boasts about the stability of the stock market when this year ends. What type of stockowner - institution or individual, high, low or middle income bracket - has been primarily responsi ble for these convulsive fluctuations? Why the turbulence? - One answer to the "what type may startle you, for a key force behind this year's disorder has been the high income bracket individual, the supposedly sophisticated in vestor who has been in the stock market for years. You well might have put him last on the list of culprits. One answer to the "why" also may startle you, for here the answer is the capital gains tax - under which gains on stocks held six months or less are fully taxable at the regu lar rates applying to ordinary income, and profits on stocks held more than six months are taxed at a maximum 25 per cent rate. To understand this tale a short review of 1962's market background is essential. Many yaari ago, when prices wtr far balow tht 1961 1962 highs, America's wealthier, tophiiticatad invasion moved into ihe stock market. And when 1962 opened, they were sitting with big portfolios of slocks and huge paper profits. Many of them knew that stocks were becoming rediculously overpriced considering corporation earnings and dividends. Many of them said out loud, "1 ought to sell everything I own, but . . ." But they would not sell as the market roared on to peak after peak under the buying of new individual investors and of institutions which had to invest the tens of millions of dollars of cash entrusted to them every day. They would not sell because of the capital gains tax they would have to pay on their gains. Call it greed, call it stupidity, call it both - but the fact is reluctance to pay that tax locked them in. Then In early 162 buying dwindled, prices finally began to fade. As the market slid, these sophisticated investors saw their paper profits evaporating, even turning into losses. During the week of May 21-25, slock prices declined an average of 1.2 per cent a day, ended down 6 per cent on Friday. That Saturday and Sunday, brokerage firms from coast to coast sent out a record total of margin calls. At the open ing Monday, May 28, the market plunged and the panic was on. It was not the low-income investor who ran in terror for shelter. It was not the "little woman" who panicked. It was not the investing institution. It was not the Wall Street professional. It was the sophisticated investor, loaded wiih securities held for years and also holding stocks on margin to the limit permitted. The capital gains tax which had locked him in for so long suddenly seemed much less im portant than grabbing the profits left and cutting the losses. Here's the proof. On those three days of chaos May 28, 29 and 31 - families with incomes of $10,000 and over accounted for 77 per cent of all transactions by individuals and families with incomes in the S25,000-plus bracket accounted for half of this total. The only group which was still a net seller on May 31. the day the market rebounded, was the $2S.000-plus bracket. The $25,000 and over group also accounted for an astounding 42 per cent of all margin transactions, the highest since the New York Slock Ex change started keeping records on this. There's no question about "what type" and no question about the "why" either. Now the danger Is that It Is happening again and big Investors who are reluctant to sell because of the capital gains tax are helping to exaggerate the upswing, laying the groundwork for more violent fluctuations in the stock market. Congress will debate overhauling the capital gains tax next year. While the chance that it will vole a flat cut In the rale is infinitesimal, surely there is sense to "graduating" the tax downward so that it becomes less oppressive on truly long-term holders of securities. As long as this tax remains as is, the threat of a stable securities market will remain too. Court Records AS HI, AND Mt'MClPAt, mi'RT Aaron Mnralon Clark, disobeyed itlHl SIKTl. $3 William Perry Mansfield, dis nhryrri atop mi;ii. S.Y .Ihiiip Lfiwrcnei Cox, wrong way on one way slrret, $,V Metvtn Brian Arent, violation ot basic rule, $2.V Krnext Henry He user, violation of haste, rule. $15 A Ida Caroline Frank, dtanheveri trnflii- alftiiHl, $5. Albert Edward Bnmforlh, viola tion of biiHic rule. $V.V Kenneth Rensfield. excessive ex haust noise, $15. Kred Egli, disobeyed traffic ljr nal. $5. Michael Albert Olson, disobeved tralftc nign.il, $,v James Kdwnrd Jenkins, dis obeved slop siRii. $5. Jerry I.ct Johnson, failure to list hcaitliRhta whrn required, $5 Edith Ma Dillon, disobeved traffic ilRiial. Mabel Josephine tlavis. driving on wrong side of street, Lowell E.sh Travveck, violation of hasie rule. $15. lMMIHlT ((MKT Robert Danmm Jones, no opera tor's license $." William Franklin Wort hint; tort, overload, $l2 ("ail Bran VonButkirk Jr., vio lation, of hat u rule. $ I n tJary Wood Colton. violation of ha 1 1 rule, $in Kenneth Lawrence Oman, no vehicle license. $5. lighll, inade- David John Gaines, no $in. Ewell Cleveland Phillips, quale brakes, $2n. Marilyn Kay Bowers, allowing unlicensed person to drive, $5. Mara Ann Shane, diiobeved stop inn. $15. Joseph Peter Nunes, overload, $30 Robert Armina Young, truck speeding, $11) Sidney Miller, no tail light. $10, io. Richard Canon Blakely, truck Bpeediiifc, $10. Marlon Anthony Huddleson, overload, $28. Marvin J. Stark, disobeyed atop sign. $15. William Ewing Stamps, no op erator's license. $5. Richard Edison Morkert, violation of basic rule. $15 Bene Kaye Sprinkle, violation of basic rule. $10. Dixie Jo Moore, violation of ba sic rule, $tn Don Marie Brownlee. violation of basic nil", 10. Charles K Norwood, failure to drive on right side of highwav, $10 Lawrence Evert Shearer, viola tion of basic rule. $10 (ieorge Allan Stevens, no ve hicle license. $5, Leon Talbot t. rtianheed stop sign. $7 50 Jess T. Meddock, truck speed ing. $1(1. nnd Chairmnino iw jlipfty wore tVatiirrd ns the Sonhoniorc "Loud Mouths ' j Marsha Braver sane "John jtiv Angel" and was arcompa jnied by Klalno Young who fol j lowed with a piano solo, j Knding the show with an interpretative ballet were .In line C rente and Vitki Beach am dnneing to the tone of "Hub Caps and Tail LU'hls." The eirls introdnrc-H fnr the first time the new lype of ballet shoes which strongly resemble the boys' black ten mis slioes which were about ten sies too large. lMrum li MMM tm gin--l 1-4 fef RAMSEY'S . . Where your dry clntne il Sparkling Clean and Odor Fr.! intrrr.it anions offrrrd. i w x DRY CLEANING HOURS: Weekdays 8 a.m. to 8 p.m. Sunday! 1 1 a.m. to S p.m. LAUNDRY OPEN 24 HOURS Dry Cleanine Closed Chmtmel and New Yeara Da, V f A AVOID THE HOLIDAY RUSH! EXPERT WOOL PRESS ING SERVICE. GARMENT PRESSED FOR YOU IN A JIFFY. ALL AT LOW PRICES. DON'T JUDGE COIN OPERATED DRY CLEAN ING UNTIL YOU HAVE TRIED NORGE. CONSULTANT ALWAYS ON DUTY RAMSEY'S NORGE LAUNDRY Cr CLEANING VILLAGE 13th & Sooth Central Phone 773-9159 ewe Repair Work Done On 12-Inch Main Repair work on the VI inrh water main under Bear creek at the Main at. bridge was completed about 11:30 a.m. Monday, according to Robert L. Lee, Med ford water super intendent. Lee estimated the cost of the repair work about $3,000. Work was done by water de partment crews. Damage to the main was attributed to the recent flood. An 18-inch main under Bear creek north of the Jackson st. bridge also was damaged by the flood. Repairs on it probably will not be made un til April, Lee said. Grange News Griffin Creek Griffin Creek Grange will hold its regular business meet ing Thursday, Dec. 13. Offi cers who have not yet been in stalled can attend Central Point installation Sunday, Dec. 31, at 1:30 p.m. Plans for the Christmas party will be discussed Thursday. ROBINSON BROS, WILL BE OPEN a.m. to p.m. Mon. thru Friday - Sat 9 a.m. to 5:30 p.m. - Closed Sun. Pre-Holiday Clearance Bargains for Gift Buying Wide Selections! Wonderful Buys! WHY NOT GIVE A ROBINSON BROS. GIFT CERTIFICATE Me. barred" CkristiMas ; I Witt VeX tit i 1 5- si' Sy i the magnificent uyu oa (g ltd (sacsxsx 7 03091 MMStmm new ASTRO-SONIC Stereo High Fidelity this space-age technology surpasses all previous advances in high fidelity... produces ten times more music power than the average tube sets ' ''BM mm Mi -v, m fe a, . 1 Vacuum tubes and components dmagins heal the source of most service troubles are elim inated in tact, the Astro-Some, is so reliable that parts are guar anteed for five years twenty times as long as the standard in dustry guarantee tor tube sets. ASTRO-SONIC 100, model 1-ST680 18tn Century Engiisn FM. AM, Stereo Radio Pnonograpn. The Astro-Sonic has such great (onal dimension it can fill a concert hall like a great symphony orchestra and in your home can "whisper" the full hranly of music or shake the walls with the crescendo of a great symphony orchestra yet all this without a single tube! lS'ow solid state circuitry a hy-produrl of the billion dollar space age provides greater tflcrco FMAM performance with more audio power has (en times the efficiency of comparable tube sets yet uses but 110 the power no more than a small electric light bull). $695 Now, large tvfionential trebtt horns ten times as efficient st conventional cone speakers re produce treble tones without t blemish of distortion. ,n , .... f : Tha Contemporary, model 681 in choice of sable or njlural walnut, $695 mMmj. Hth titictency IS" bass wo often five you bass definition you tiavt never heard before. The French Provincial, model 682 in your choice of fruitwood or antique ivory, ' $695 Available in a variety of authentic styles and woods -come in for a thrilling demonstration of this magnificent jnstrument-you have never heard anything like it. Open Monday and Friday Nights Tht new "Micromatie 60" record player completely thmmatftt pitch distortion for turntable srwd is as accurate as your e'eo t"C c'ock! The new pickup plays at only l. io ounce touch, ban ishing record'at'd stylus wr therefore tne dtjond stylus guaranteed for ten years, rd) our reccds can last a lifetime. MUSIC HOUSE 111 North Central Phone 773-7538 i irtiiftnriiiiiii.iii.tiiikiOiiurkhi.miiMc "C-f'-nri-r- r-itfnh-i Direct Factory Dealer Pnjftiuti'FiJtii'li'tB