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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 13, 1962)
THURSDAY. DECEMBER 13, 1982 A 3 Daily Stock Price Scramble Result of Newspaper Strike pointed out that the individu al investor Is likely to go di rectly to a board room for his dealings in the New York area, and out of town points are not affected by the walk out. Now York - WPP - Newspa changes are supplied with tions. The telephone quota by addition of a noontime mation before leaving their Brokers reported little In crease in telephoned requests for information, however. per readers in the financial district as in most other sec tion of this metropolitan area must join a scramble for daily stock price information when a strike wipes most of their customary daily reading from the newsstands. News dealers in the Wall Street area ordinarily do a good volume of daily business, with readers scanning stock tables and other financial news. The current strike has deprived them of most of their usual general circula tion newspapers. Member houses of the New York and American stock ex ticker systems and other methods of reporting price changes and volumes during market hours. But few are geared to compiling a com plete, overall list of volumes, prices and changes which are made available through the pages of their newspapers. Rally To Fill Gap Staffs of both the exchang es have rallied to fill the gap left by the absence of these tables. Neither exchange supplies the public directly with daily information on stock quota tion service of the NYSE is restricted to member firms. Both exchanges, however, supply prices to other media, television and radio stations. Staff members of the New York Stock Exchange pro vided a complete list of clos ing prices to clearing corpor ation member firms, who picked up the lists from boxes at the exchange short ly after close. Ordinarily, the exchange provides a list of 350 closing prices daily to a municipally operated radio station. Op erations here were expanded program. The American Slock Ex change likewise expanded its quotation service for radio stations and reported that it gave expanded coverage to some trade papers who cus tomarily publish an abbrevi ated list of stock quotations in their own industries. Complete List Given The AMEX also set up ma chinery to provide all mem ber firms with a complete list of closing prices and net changes of all stocks and war offices for the current day. Brokerage houses reported varying reactions to the ef fects of the strike. Bache it Company an nounced in the first market day of the walkout, Monday, that it had printed 20.000 copies of a selected list of stock prices for distribution at three commuter points, Grand Central Terminal, Penn Station and the Long Island Railroad Terminal at Penn Station. H reported a "marvelous" response and said it was go One financial area source NATURAL GAS EQUIPMENT COMPANY On DkpUy tht laigsst it lection ol gas healing equip ment in So. Ore. COLEMAN Spite Floor Unit Forced Air Upllow Down Flow Horizontal Wall Furnaces Hot Water Heatert. 1 1 1 West Main 3 Phone 772-2322 rants, aiming particularly at ng to Increase the number those who wanted the infor- of copies. wTnTTTTTTTT WT TTO TV Vv7T rrm wirm MEDFORD MAIL THIBUNU. MtDFOHD. OREGON f I ! ..'C " -V . ' f , mm w 'SUM'" Tt7t v3i h . rS0f' . .... rK . . , SHRINKING DOLLAR Everybody talks about the "shrink ing dollar" but Mrs. C. G. Laster, Atlanta, Ga., has proof that dollar bills, at least one she owns, aren't what they used to be. She holds a standard sized dollar behind the dwarfed bill she received in change, to show the more than one inch difference in length. The Federal Reserve bank says the bill is real but offered no explanation for the smaller dimensions. (UPI) Ashland Hospital Operation Reviewed By Administrator 'TIL FEBBIKIUAMY 1963 OPEN MONDAY THRU SATURDAY 'TIL 9 P.M. X, Ashland - The first year's operation of the Ashland Community hospital wound up in the black, Philip Hunt ley, hospital administrator, told members of the Ashland Chamber of Commerce Tues day. Huntley called this achieve ment "virtually unheard of" among new hospitals. He attributed the hospital's financial success to two fac tors, the availability of part time help in the Ashland area and the modern design of the hospital. Expand, Reduce Staff The availability of part time help made it possible for the hospital staff to be expanded or reduced in pro- Insured Jobless Rate Declines Salem - H'PH - Insured un employment was lower in all but three areas of the state for the week ending Dec. 8 compared to last year, David H. Cameron, Oregon Depart ment of Employment Com missioner said here Wednes day. I The three exceptions were ! in the Astoria, Tillamook and lnieoo areas, -mosuy aue to mill shutdowns and layoffs in fish canneries. Statewide there were IB. 940 unemployment insurance benefit weeks claimed last week, a rate of 4.7 compared to 24.270 weeks in 1961, a rate of 6.1 and 12.277 weeks a month earlier, a rate of 3.1. The increase over last month was due to the decrease in outdoor work, Cameron said. Highest rate of insured un employment, last week was at , Asloria wilh 12 !) and the low-j est rate was at Portland with 3.1. ; Othrr rates compared to last year in the larger areas' showed: Corvallis at 4.1, down 0 3; Eugene at 4 3. down 2.1: Klamath Falls at 4 R, down 2 8; Medford at 6.7, down 0 5; Pendleton and Mil-Inn-Frecwaler at 6.1. down 1.7: Portland at 3.1. down O B and Salem at 5 0, down l.K. i portion to the number of pa tients, the administrator point ed out, while the design of the hospital m ade it possible for "a maximum number of patients to he cared for by a minimum of personnel." The Ashland hospital's av erage occupancy during the year was only 51 per cent, Huntley added, while many hospitals needs a 65 or 70 per cent occupancy in order to break even. The hospital had a total payroll of $178,000 during its first year, ending Oct. 30, 1962, and labor constituted about 70 per cent of the over head. : -1,700 Patients Admitted During the first year 1.700 patients were admitted and there were 1,851 outpatients. A total of 235 babies were born, including three sets of twins, and there were 771 major surgeries. The average length of stay in the hospital was 3.1 days. Huntley praised the hospi tal auxiliary for helping with supplementary chores. He added that the hospital's first budget did not include a payment to the city of Ash land, which financed its con struction. Methods of paying back some $40,000 owed the , city are now being worked out, he explained. Defends Hospital Charges After completing his report on the hospital's first year, Huntley spoke in defense of hospital charges in general. "The cost of medical care has risen tremendously in the last 10 years." he said. "Mod ern drugs which save patients that would have died ha 1 they become ill a few years ago are expensive, and new equip ment often becomes obsolete in just a few months." he added. Huntley cited lack nf com petition between hospital supply firms as anoth.r fac tor in the high rnst of med ical care. Wm THE APPLIANCE Of Your Choice Kenmore ,Washer or Dryer Kcnmore Range or Dishwasher Silvertone Portable TV Stereo FM-AM Radio Phonograph Consoles Regular $239 NOW Thrill lo vibrant, lifelike stereo from Its brilliant 4-speaker sound system. See the mellow beauty of its rich wood veneer cabinet. Relax in the assurance its lightweight, balanced tone arm with diamond-synthetic sapphire needles will protect your precious records. See it, hear it today at Sears! 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