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!
S2U8)
SIGN AND DEPOSIT THIS
COUPON SATURDAY, DEC. 15th
Name
Z Address
f City
Z Phone ...
si r i ri , - 1 i i
ft I , " -Lriirv
'"2 i in u ill '-it - i i
A-
Our Lowest Priced Dig
Screen Consolette TV
Color TV Prices Low as
DRAWING SATURDAY, DEC. 15-9:00 P.M.
479.95 ...... "
Movie-squara 23-inch overall diagonal
screen, 282-sq. in. viewing area. Dark
mahogany color metal cabinet is only
13-in. deep. Full-toned up-front speak
er. New bonded picture tube.
S
Loaded With Features
1963 KENMORE WASHERS
NO TRADE-IN REQUIRED
HcfBcfB
12-lb. capacity ... 3 water tem
peratures Built-in filter, works full time
Fills, washes, rinses, spin-dries
automatically
No Trade-In Required
POST OFFICE
Open Until 9 p.m. Tonitc
Village Variety
Stevart near Kfnq
For Christmas Shopping
GET A
$ Handy Hundred $
on signature only
Loam to $1500
Homt Owned t Optralcd
"MONEY FROM
CRATER FINANCE
is lika
MONEY FROM HOME"
CRATER FINANCE
135 PINE "pt1 664-1273
I I Guaranteed
I C!:eS eore Christmas
NEW
Powerful 1-H.P. Vacuum
Cleaners at an
Amazingly Low Price
Matching
Kenmore Dryer $118
NO MONEY DOWN
Automatic-Defrost
Coldspot
Refrigerators
14 Cu. Ft. Storage
Two appliancl In onel Retrig
ralor rids you of froit au
tomatically . . , trun tremor
keeps food zero-safe. In
cludes eaa shelf, butter
fhett. mannetif Annr
full-width crisperl '
Check Sears
low Price
With 5-Pc.
Attachment
Sets
OS
NO MONTHLY PArMfNTS 'Til ri.
ON SCARS CASY PAYMENT PLAN
Refrigerator Prices As Low As 179.95
ye
Real deep cleaning for your rugs,
drapes and furniture
Rolls along floor as you clean or
stands on end
Sanitary paper filter bags
Complete, nothing else to buy
No Money Down, on Sr Eaty Payment Pln
No Monthly Paymenti til February, 1963
Shop at Scars and Save
Satisfaction Guaranlrrtl or Your Monry Hark
SEARS
501 E. JACKSON ST.
PHONE 773-6661
FREE PARKING
STORE HOURS
MONDAY THRU SATURDAY TIL 9 P.M.