THURSDAY. MAY S. 1S63
MEDFOHD MAIL TRIBUNE, MEDFORD, OREGON
Indian Fish Trap Being Studied by Archaeologists
Eugene - An Indian fish
trap, at least S00 years old,
has been uncovered at North
Bend and is under study by
achaeologlsts from the Uni
versity of Oregon department
of anthropology.
The trap was uncovered 12
feet below sea level by Lille
bo Construction company
workers while excavating at
the new Weyerhaeuser ply
wood plant location on Coos
Bay. The discovery was made
in April.
It is the first such fish trap
found along the Oregon coast
and a fortunate discovery,
according to David L. Cole,
instructor and curator of the
University's Museum of Nat
ural History, who investigated
the find along with Or. Wil-
bur A. Davis, instructor and
assistant curator.
Chances Are Remote
"The chances that an ar
chaeologist would dig down
through 12 feet of silt at
exactly the right location to
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find such a trap are remote,"
Cole commented
The university scientists
completed excavation of the
trap in a coffer dam 14 feet
below the surface of the
ground while c o nstruction
work continued around them.
The trap was shaped like a
V and built of wickerware
tied together with reed and
anchored by wooden stakes,
some of which are beginning
to become petrified, Cole re
ported,
It was probably laid on the
old beach of the bay with the
top of the trap about two feet
underwater at high tide and
out of the water at low tide,
allowing the fish to be trap
ped. It was presumably built
to catch salmon.
Age Is Estimate
The age of 500 years Is an
estimate, and it may be
somewhat older. Cole indi
cated. The scientists hope
eventually to get a carbon-14
date on the material,
"Knowing the date could
answer a lot of questions,
particularly concerning eu-
static adjustment - the rela
tionship of sea level to the
land," Cole said. "We could
get information about how
rapidly the sea level is rising,
how rapidly this area has
silted up, and what kind of
-I silt is coming in . . . We know
that sites dating from 400
years ago are now below sea
level."
Dating of the trap could
also have significance in the
study of early Indian culture.
Cole said.
Placement of the trap indi
cated that the Indians who
built it were aware of the
movement and habits of the
fish, the fluctuations and
heights of the tides, and
other information, Cole said.
Five hundred years ago.
such knowledge on the part
of the Indians would not be
surprising. However, If the
trap proves to be consider
ably older, it would shed new
light on the rate of cultural
development of the Northwest
Indians, he indicated.
Your Money's
Worth
By SYLVIA PORTER
Copyright, Hill Syndicate, Inc.
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'PUBLIC MISSES STOCK UPSURGE
"Stocks Surge - But Where's the Public?" was the head
line on a Newsweek cover recently, and the article sug
gested that "Where's the Public" is "the question of the
hour on Wall Street."
"Analysts of Stock Market Rise Wonder where the Pub
lic Went" was another headline in the New York Times and
this report called the public's persistent selling of stocks on
balance during these months of stock price upswing "re
markable."
There's no question about where the public is, though,
nor is there anything remarkable about its net selling of
stocks throughout this rise.
The public has been mostly on the sidelines since the
crash of mid-1962 and still is. Ihe small investor was bit
terly disillusioned and scared by the stock crackup of win
ter-spring 1962. He hasn't regained his confidence-yet. He
is a conservative who wants to wait for an upturn to
be firmly established before buying-which is the reason
he often buys near or at a peak in the market.
There's nothing remarkable about the way the small
investor has persistently sold stocks on balance during this
entire advance. A study of previous rebounds following
previous crackups in the stock market shows the identical
pattern of behavior.
For instance, ihe stock market, as measured by the
familiar Dow Jones average, rose 75 per cent following-
the 40 per cent slump of 1932-33. During this whole
75 per cent rise, odd-lotters-little investors who buy and
sell in blocks of less than 100 shares-were selling on
balance. The market rose 40-50 per cent in 1949-50
following a IS per cent decline In 1948-49. During this
whole 40-50 per cent rise, odd-lotters were selling on
balance.
The crucial point is that the small investor traditionally
slashes his buying and his general participation in the stock
market after severe market breaks-and he doesn't return
until prices have come way back. He hasn't been acting
"remarkably" since mid-1962. He has been performing
in the classic pattern.
Now that the stock market, on the Dow Jones average,
is within a few points of the all-time peak of December
1961, and almost 190 points above the 1962 low, the small
investor is starting to nibble at stocks again. A spot check
of Wall Street firms indicates phones are ringing more
frequently, some brokers say they are hearing from cus
tomers who haven't made a trade in a year.
But there is simply no disputing the evidence that the
little investor and-or speculators is only nibbling. He has
mostly missed this extraordinary rebound in prices.
The most revealing barometer is trading by odd-loiters.
For many years, ihe average ratio of trading in odd
lois to trading in round lots (blocks of 100 shares) has
ranged around 20-21 per cent. As of today, the ratio
is at a greatly subnormal 15.8 per cent. A year ago
this months - encompassing Black Monday, May 28
lhe ratio of odd lot purchases to round lot purchases
was 11 per cent. It has shriveled to 7 per cent. A year
ago, ihe ratio of odd lot sales to round lot sales was
9.4 per cent. It has slipped to 8.8 per cent. What is
happening is dramatized by these few figures. It's not
thai ihe public, ii selling more. It is buying much less.
Thus, the odd lot figures show a persistent net sales
balance. The little investor has been conservatively
waiting - and has watched the market soar right by him.
Another revealing barometer Is sales of mutual fund
shares. In the first three months, these sales totaled 600,
787,000 against 922,006,000 in the same period of 1962. Ob
viously, the public's interest has shrunk.
A third revealing barometer is activity in brokerage
branch offices around the country. In most branch offices,
volume of trading has tumbled, many are in a depression
all their own.
Who has been powering and profiting from this market
upsurge? Professional institutional investors, professional
traders, large individual investors who regularly buy and sell.
When will the public be back in? Now that the market
has risen so far, so fast, it could happen any time - and
we'll know it's happening when the odd lot ratio turns.
Who will be scared then? The pros.
The Family Council
... ... ...(.,. r ludxe. I
coiMjr vawi in. riauj - - - - ,
pb)relilatrl.t, three iltrrymin, three edltori inn a women 1 1 ";
Each arUcle If a .ummary of s family dluireement pre.enWd to mm
Council. Ihe Council deale with problem., major and "ilnor,
encountered by luldance countelori and aoclal worker!. Edited or
aire, Alma Denny. (Cc.pyrliht br incral Feature. Corp.)
Fran P. - This man offers
ine a chance to enjoy the fine
things in life.
Mrs. H. D. - It's a sneaky
affair and she should end it
immediately.
e
Fran P. - I've been married
13 years and have no children,
My husband is a washout as a
companion. His work requires
frequent absences and even
when he's home he has no
interest in enlarging his hori
zons. In order not to shrivel
up completely, I went to con
certs and meetings alone,
Then, a few years ago, I met
a bachelor who shares my
tastes in everything. He's
been squiring me around and
suggests I get a divorce.
-
Mrs, R. D. - I've been tell.
ing my daughter to quit this
dangerous running-around. So
far, her husband hasn't got
wind of her pairing off with
this fellow, but she has me
worried sick. Her husband is
a stay-at-home type, but she
gave up on him too soon. She
should be able to coax him
into taking her out once in a
while. This bachelor has made
her stop trying to improve
her marriage. I'm sure she
can-
e
The Councilt Bachelors who
prefer married women are no
rarity. We heard one of them
reason as follows: An unmar-
ried girl? Must be something
the matter with her. A divorc
ee? Must be hard to get along
with. A widow? Might bury
me, too. A married woman?
Ah! If she's okay for some
one else, she s okay for me.
Breaking up your marriage
for one of those vanishing
heroes may also break up
your life, Fran. . . . We agree
with your mother. If you put
half the effort into cajoling
and charming your husband
that you put into lining up
No. 2, there'd be no talk of
divorce. Surely one outing
with your mate is worth a
half-dozen with Lothario,
when you are beset with guilt
twinges and must duck peo
ple who might know you. Our
counsel: Pursue culture alone
but as a respectable wife. Tell
your husband of the tempta
tions you encounter, and
never stop inviting him along.
If he says Yes to one out of
six, there's love in him after
all. If you really can't budge
him, see a marriage counselor
instead of the boyfriend.
The first air conditioned
private home in the United
States was located in Minne
apolis, where the system was!
installed in 1915 by Willis
Carrier, inventor of air con
ditioning.
Inventor Not Paid
For Aerosol Bomb
Washington, D.C. - (UPD -More
than 20 years ago, a
U.S. department of agricul
ture scientist invented the
aerosol bomb as a better
means of dispensing pyreth
rum insecticide.
He patented it in the name
of the USDA for free use by
the public with no returns to
himself. The aerosol business
today is a multi-million dol
lar industry.
C'aMjt.ill
;ii k Jh
New ew I 9
it . 1 Ideas... : i
y ou money)
v J ! ! v
cm
'....Mi".:-'" .i'
i "; 1H m aw. ' .
atop me
POKTUNO
HILTON
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I- nun. i . BT:.jt'""p7
Ml:: 17! 8!" iir '
ifc-T
ba.- It" P
wm.ww
Jui - i r ft ESS .f w Zl
m
Serve the bacon the uutcher brings home... save IOC on Maxwell House... and IOC on the eggs
This is the bacon you want to erv anyway.
Fries so crisp, yet eats so tender because it's
made from selected bacon slabs. Only one out
of every three is young and lean and tender
enough to merit the Armour Star. And of that
choice side we use only the choice cut the
sweet, firm, meaty middle.
This coffee tastes as good as it smells.
Enjoy Maxwell House now! Just cut
out the coupon on the back of the
Armour Star Bacon package and take
It to your grocer. You'll save 10C on
two pounds of Maxwell House Coffee!
And you'll get the one coffee more
Americans drink at breakfast (and
very meal) than any other.
Tha eggs? A dozen of any kind you choos !
To save your 20t-
It couldn't be easier! Just loqk for the
special ly marked Armour Star Bacon pack
ages. There are two coupons right on the
back. One's good for 10C on two pounds
of Maxwell House Coffee the other on a
dozen eggs.
PLAN YOUR NORTHWEST
VACATION NOW:
Family plan: No extra
charge for children in
aame room with parenta.
Introducing for the first time anvwhere...
&6An DRJVEOTEL
Here is a new world of service and convenience with
Hilton's new concept of hospitality-Driue-Otel.' What
is Drive-Oteli The Portland Hilton has combined the
quick convenience and privacy of motor inns with
special luxury you expect from a big and magnificent
downtown hotel. You register from your car and a fast
Drive-Otel elevator speeds you to your room.
Here is a 23-story hotel and 500 rooms ready for you
at the opening of your car door. You may handle your
own luggage, no tip! (But if you like to tip-o for a
bellman.)
Located Downtown, but Looks Suburban!
Here is a hotel which could have happened only in
the northwest where casual attitudes blend with lux
ury living. A reflection pool, a swimming pool, and a
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GRAND BALLROOM-Northwesl's largest ballroom
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THE GALLERIA, THE FOYER and PARLORsl
THE INTERNATIONAL CLTJB-Private club for
uiciiiuera oniy . . .ainner ana dancing.
'yrWT' t;$vw-$?
. . . where the f 4
living u easy!
Frtt let on tvtry floor
Frt morning coffot
tvtry room
Btvtragt machintt
on tvtry floor
t Inaidt parking for
600 car
Comt In your casual
clothts
You tan bt your own
btilboy...
grva yountir a dp!)
Beauty shop . . . Barbtr
hop . . . Flowtr shop . . .
Sundry shop
Htattd swimming poo)
f
r i
. . . ii'Aere the
living it great!
THE TREES DININQ
ROOM and LOUNGE
overlooking the
reflection pool...
HILTON COFFEE HOUSE
mealing piece lor food
and frienda
THE WOODCHOPPER
BAR AND GRILL
favorite rendervout
for bu.ineta and
Pleaiura
CANLIS'... Charcoal
Bro.ler and Lounge..,
I.moui i fordiilin.
suiahed cuiilne and
ervlce. la atop the
Jolel with a .weeping
view of the citv.
For RMtrvations:
Call CA 6-7047