Your Money's
By SYLVIA PORTER
Cepy riant, Hall Syndicate. Inc.
CHRISTINE KEELER'S 'FINANCIAL' INFLUENCE
.. My copy of the mld-June London Economist came in by
mail a tew aays ago and tnere on Its cover was a picture
ot Christine Keeler. For the first time in the 120-year history
of this august journal ot finance a woman was on its cover,
and of all women, it was, to quote the Economist's lead
story, the "21-year-old trollop" whose affair with the former
Secretary of State for War John Profumo has almost toppled
the Conservative government of Prime Minister Harold Mac-
millan.
But of course. As soon as I saw her picture (one of her
least attractive ones, incidentally), I also saw the logic of
the Economist s choice. Miss Keeler has, among other things,
been directly responsible for the loss of billions of dollars
Jn the value of stocks listed on the London and New York
Stock Exchanges, she has raised serious questions about the
future stability of the British pound, she has made many
U. S. investors leery of investing in Britain.
Because of iha Keeler-Profumo scandal and the doubts
t it has cast on many aspects of Prim Minister Macmil
I lan's government, the chances that th Labor party will
; win th next British elections have soared. Th Labor
party in power in Britain for th first tim sine. 1951
easily could lead to major and unsettling changes In the
' financialconomlc policies of Britain.,
' Because of uncertainty, about when a new election will
be called - and it must be called by October 1964 - there is
distinct uneasiness about the position of the pound. Macmil
lan last week declared that, "No British government should
Ibe brought down by the action of ... . tarts," and for the
moment he seems to be riding out the scandal. But the results
of recent local elections in England are hardly reassuring
to the Conservative party, and uneasiness will persist until
the date of an election is announced, and probably until the
results are known. ,. .. .
.... This is not idle conjecture. Disclosures about Christine
Keeler and the demi-world in which she moves have had an
unmistakeable influence on financial movements in the West
ern world.
Item: In the days following Profumo's admission that he
had lied about Miss Keeler, and his resignation, the value of
common stocks listed on the London stock exchange slumped
about $2.5 billion and the value of stocks on the New York
Stock Exchange about $11 billion.
"It was no accident," says Arthur Wiesenberger, head
of the New York investment firm bearing his name. The de
cline was touched off by fears of the affair's effect on the
Conservative government for, "Any stock market prefers the
status quo to a change, and capital, like mercury, runs quick
ly when change impends." Investor sentiment, Wiesenberger
adds, "plays more than a 60 per cent role in setting stock
prices" and stock investors usually prefer "conservative"
governments to "parties that favor changes."
Item! Since the Profumo scandal broke, U. S. investors
have retreated somewhat from the British market and says
one U. S. broker, "So long as chances for a Labor election
victory remain strong, I can't fee. any real American demand
for British shares." This may change if matters quiet down
but the initial reaction was clear. ,-
Hem: The U.S. and Britain have just reached new agree
ments to strengthen protection of each other's currencies in
case there is a speculative run on either the dollar or the
pound, and the probability is, that if gamblers stage a run
on the pound, they'll be badly burned. Nevertheless, London
money experts are said to be sure there will be an attack
on the pound sterling as soon as a date for a British general
election is announced because of uncertainty about what a
victorious Labor party's attitude would be toward maintain
ing the pound's value. I
Hem: Private detective agencies in London have been in
a boom since the Profumo disclosures. The reason cabinet
ministers and others are hiring detectives, says "The In
sider's Newsletter," is "not to be caught in the act but exact
ly the contrary." They want evidence to prove "they are on
the straight and narrow in case new scandals should erupt."
Item: A persistent "financial" report (which I certainly
can't confirm) is that the price of call girls in London is up
Dennis the Menace
MEDFORD MAIL TRIBUNE. MEDFORD. OREGON
MONDAY. JULY 22. 1963
Hl,K0NEYr
Eastern Oregon
Wilderness Area
Expansion Planned
20 per cent. i i
Yes, Christine Keeler has earned her place in the financial
pages as well as the most sordid gossip sheets of the world.
By A. ROBERT SMITH
Mail Tribune
Washington Correspondent
Washington - The Forest
Service reportedly will ex
pand the size of Eagle Gap
Wild erness
Area in east
ern Oregon as
part of its
plan for re
solving the
M i nam river
con troversy
The' contro
versy center
ed over a
smith multiple - use
plan which the Forest Serv
ice unveiled two years aeo
for constructing a road some
31 miles along the Minam
river for recreation purposes
in this scenic area on the bor
der of Union and Wallowa
counties.
The Izaak Walton League,
the Sierra Club and other
c o n s e rvation organizations
protested the road plan. The
Minam is valued by these
groups as a wild river in an
area relatively unscarred or
untouched by civilzation. Ac
cess is gained by foot or horse
back only, and that's the way
these groups wanted to keep
it. A new group called "Save
the Minam Inc." was formed,
headed by George Zahl of
Baker, whq has since left
Oregon.
The disputed Minam river
drainage consists of 150,000
Tests Scheduled
For Marlon Brando
Santa Monica, Calif.-tUPII-Actor
Marlon Brando was to
undego diagnostic tests this
week at St. John's Hospital
where he was recuperating
today from a kidney ailment.
Attendants said the 39-year-old
actor was "improving
nicely" and that his tempera
ture had dropped to normal
over the week end for the
first time since he was rush
ed to the hospital in an am
bulance last Wednesday.
Attendants said it was too
early to predict when tne
Academy Award winning ac
tor would be released from
the hospital.
Marshall High Project
Is Major Undertaking
Eugene Marshall High
school's project in flexible
scheduling is considered one
of the major undertakings in
current educational . experi
mentation, according to Dr. J.
Lloyd Trump, associate secre
tary of the National Associa
tion of Secondary School
Principals.
Dr. Trump spoke last week
at a workshop in Secondary
School Administration at the
University, of Oregon. The
workshop was sponsored by
the Oregon association of Sec
ondary School Principals. Ar
thur C. Hearn. professor of
education at the university,
was director.
:hi will SERVICE
. ft' ooo
1 IMI
WORDS that COMFORT
For the Lord thy Cod
bringeththee-. ,
into a good land,
a land of
brooks of water .. .
DEUTEROXOMY S:7
PERL
FUNERAL HOME
CORNER SIXTH AND OAKDALE
Spacious Parking lot
w
U'e promptly rt
pond la ell calls,
day or night.
Trump, who received his
doctorate from the University
of Chicago, has become well
known for his leadership in
educational change. Much of
his time as associate secretary
of the NASSP has been de
voted to working with dis
trilcs seeking news ways to
organize classes and utilize
staff resources.
In Opening Address
In his opening address to
the Oregon Secondary Prin
cipals, Trump focused on the
problems secondary leaders
must face in shifting from tra
ditional approaches of sched
uling and building use to pat
terns and routines that will
have as a goal the returning
! of control to the teacher and
1 students.
He warned that Marshall
High school's effort to set
schedules for each student by
1 computer aid should" not be
judged on its operation the
first year. He said that
changes by any high school
should not be evaluated until
adequate time has been given
j to the project.
Reports from Oregon high
schools engaged in organiza-
I tional or curricular changes
were made the first three days
, of NASSP workshop.
j Programs Included develop
mental reading at David
Douglas High school; the
i dropout and potential drop
out at Jefferson High school
of Portland; opening and clos-
I ing the school year at Wilson
j High school of Portland; eval
uation of teachers in the
Salem public schools; master
scheduling at Marshfield High
school of Coos Bay.
MEMBER BY INVITATION
Ufa viitr ot (Hfc olbtn Hult
NEW LEGISLATION SEEN
Chicago - lUPli - The head of
the student non-violent coord
inating committee announced
Saturday that a new, tougher
civil rights bill than that pro
posed by President Kennedy
will be introduced in Cong
ress today.
RECORD INCOME
Washington-flirt - Personal
income in the United States
reached a record annual rate
of $462 billion in June, an
increase of S2 billion over
May. the Commerce Depart
ment reported Sunday.
acres of timberland in Whit
man and Wallowa national
forests. About a third of it
lies within the Eagle Gap
Wilderness Area, which it
self consists of 220,280 acres
in the heart of these two ad
jacent forests.
Empties Into' Wallowa
The Minam river starts in
Minam lake in the Wilderness
area and flows 45 miles north
and empties Into the Wallowa
river at the town of Minam.
All for eight miles of the riv-
er pass through federal for-estland.
The Forest Service wsiniori
to make the area accessible
for tourists and local citizens
who might wish to drive ipto
the Minam country for pic
nics or camping.
But protests forced them In
back off from building a 31
mile road. A new plan would
preserve the basic intent of
providing access but limit the
road to a short stretch of
about six miles along the
river.
The sweetener for the con
servation groups is that the
tagie Gap Wilderness Area
would be extended, to what
extent js still not certain. The
Forest Service had proposed
adding about 12,000 acres,
part of which would include
an additional section of the
river. Congressman Al Ull-
man has suggested that the
Eagle Gap be extended fur
ther along the river. He also
insists that public hearings in
Oregon be held by the For
est Service after the new plan
is made public so that local
interests can give their reac
tion before the plan is
adopted. '
Might Reduce Timber Cut
Expansion of the wilderness
area substantially might re
duce the allowable cut of
commercial timber in the na
tional forests which now
amounts to 6 million board
feel. Ponderosa pine predom
inates. At a recent meeting with
state agencies and conserva
tion groups, the Forest Serv
ice reports that its new mul
tiple-use plan won general ap
proval.
Aside from logging, the
area includes an exclusive
dude ranch, Red's Horse
Ranch, which caters to the
comfort of its clients by fly
ing tnem to the ranch s own
private airstrip.
Congressman Ullman, who
has been consulted in resolv
ing the controversy, said he
regards the new Forest Serv
ice plan as a "constructive
approach to the preservation
of the basic wilderness and
recreation assets of the Mi
nam river," He said he hopes
it will resolve the differences
and protect the best interests
of the people of the area and
nation.
Dutch Queen
Ice Cream
Half Gal.
Be Sure To Get
YOUR FREE PUNCH
Van Camps
Pork and
Beans
No. 2 tin
for
1 'k )i7tfRrffiitffift
Fisher's
BiskitMix
40-oz. pkg.
2B(
Absolutely no purchase re
quired to obtain your free
punch. You may win up to
$5,000 in CASHI
Here are some of our
LUCKY WINNERS
Mr. Jim Hamilton-Grants Past $500.00
Mr. Croucher Medford ...$100.00
Mrs. Iva Hawkins - Medford ....$ 50.00
Mrs. Mary Clark - Grants Pass $ 40.00
Mrs. Nick Theis - Medford $100.00
Mrs. Ted Gyton - Medford ......$ 40.00
Mr. H. Leon Myers - Medford.!.. $ 60.00
Mr. W. Pratt - Ashland ....$150.00
Red Rose
Flour
FAMILY TESTED
ENRICHED
10-lb. bag
82)
Head-on Smashup
Takes Three Lives
Woodland, Wash.JlPll-Three
persons were killed In a head- j
on crash f two cars late Sat
urday 4'.i miles north of here 1
on U.S. Highway 99.
Thny were identified by
the Washington State Patrol
as Carl Schrieber. 22' Kala-I
ma; Raymond W. Blumer. 59.
Kelso, and Cordelia Howell,
52, also of Kelso. '
Miss Howell was pas-,
senger in Blumer'i car when
it collided with a car driven
by Schrieber. police said.
Ohio
Book
Matches
50 Count Pkg. .
pkg. HO
Kitchen Charm
Wax Paper
75' roll
CRATER LAKE
Cottage
Cheese
Picnics
Eastern Thin Sliced,
Nice and Lean
Country Style
Jergens
Bar Soap
Bath size
Pickled
Beets
TASTEWEll SUCES
No. 303
Icelandic
Fish Sticks
10 pak .
Armour
Star...
100 bottle
Buiferin
Cold Pack
Canners
BLUESTONE
7 Quart
Heart Gas?
Slop Choking Heart Gat 3 Timet Filter
Orw B'll .nt t,M.I, tt f,r,t (
". x.p in bn or pock.t tot ttrlr
reli.f. So (HI end sure you cjn't btlieve
it No frmtul Crufi Gt Bll-ni tvjty.
35c t aniiinti. Sfiw) pfltui In leu-ant,
0fl6urj. a. r. (of liberal fre umele.
1
Tomatoes
No. 1 Vina Ripened,
Picked lor Flavor
Seedless
Grapes
Plump,
Mjrurt Fruit
4
Carrots
Tender, Young,
Clip Topi
Ibi. .
WESTGATE
BAKERY
Cream Filled
BISMARKS
5..
Appl Sauc
RAISIN LOAF
33..
Plain Cik
DONUTS
33 Dm.
Prices Effective
Through
Wednesday
We Reserve
The Right
To Limit
Quantities
MEDFORD-Westgate Center
MEDFORD-13th and Central
ASHLAIMD-Gateway Shop. Center
v We Reterva The Right To Limit.
Prlcei Iffecrlve thru Wednesday, July 24th
f .Va
mm m m m m mm .am
I