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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 15, 1963)
8 C THURSDAY, AUGUST IS. 1M3 MEDFOHD MAIL TRIBUNE. MEDFORD. OREGON Analysts Decide Why Mondays Are Blue For Market Br LEROY POPE United Proii International New York fUPD A string of 14 consecutive "blue Mon days" in Wall Street recently started a huge guessing game over what was causing stocks to go down at the start of every week. Finally - after blaming a host of people from Nikita Khrushchev or President Ken nedy to some mysterious pol tergeist - security analysts have decided our modern long summer week end is the real cause of the blue Mondays. "There just aren't enough financially well-heeled folks at their desks on Mondays nowadays to provide any buy ing strength," said one ana lyst. "They are all out getting in an extra day's golf or fish ing or just resting up from a big week end." Two Days Work "Some corporation execu tives only come to the office a couple of days in the middle of the week in summer," said another. "In some of our fan cier suburbs, a guy definitely loses social status if he is seen boarding the train on Monday morning. Or if he does have to go in, he preserves his re spectability by catching a late train - say around 10 o'clock." The absenteeism theory to explain the string of blue Mondays is not held unani mously yet. Some security an lysts still cling to an idea that "bad news - particularly international political news -nearly always breaks over the week end, and in spite of years of sober advice from us not to sell on bad news, many investors always do." Martin Gilbert of Van Al styne, Noel & Co. said he believed absenteeism is the big cause of blue Mondays but there are two other reasons. Read Papert "Many investors have time to read the Sunday papers thoroughly and also a finan cial weekly over the week end. Frequently they see some' thing in the news they don't like about one or more com panies they own shares in, So promptly on Monday they telephone their brokers to sell these shares. It may be Thurs day or Friday, or even sev eral weeks later, before they get around to buying some' thing else." Gilbert said he also was convinced that short sellers have been taking advantage of the thin markets on Mon days recently to drive prices down on issues which they J hoped to pick up later well under the prices at which they sell them short.. But the absenteeism theory is rapidly Raining adherents on the basis of accumulating evidence. Vacation Help ."When you call the big corporations and Institutions on Mondays in summer, you find the chap who is minding the store in the securities de partment Is just a watchdog he doesn't have authorltv to buy anything," said one of fice. Another bit of supporting evidence came from the com muter railways. The parking lota around their stations in prosperous suburbs are full up Tuesdays through Thurs days in summer - but there are plenty of vacant spots on Mondays and Fridays, clear evidence that fatcat commut ers are taking long week ends at home. Some corporation execu tives who have very attrac tive homes near the shore ap parently take part of their vacation time in these extend ed week ends. That way, they do not have to stay away from the office for three week or a whole month at once. Overnight Camping Trip Is Planned There is still "plenty of room - on tne Crater . Lake overnight camping trip plan ned for Saturday and Sunday, Aug. 17 and 18, the Medford YMCA has announced. Boys between the ages of 12 and IS are invited to par ticipate in the camping trip. Plans for the two days in clude hiking, fishing, a launch trip to Wizard Island and a campfire program. The one-day trips to Ore gon Caves, Jacksonville and the Applcgate river for boys 9 to 14 years of age also have openings, according to Bud Geren of the YMCA Youth I department, who Issued an in vitation to fathers to accom pany the boys on these trips, oaying the same fees. Anyone wishing additional Information is asked to tele phone the YMCA, 772-6298, Geren said. U.S.D.A. CHOICE CHUCK lm 0 VIS mmM& I TV ill WommJISwm m U.S.D.A. CHOICE CHUCK THACC c lb. I 3 illllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll ITJIEHERS Tasty Brand 12 oz. Pkg. 3 F0R?H BAGOIT Thin Sliced ROUND SOME ROAST SMOKED BEEF Morrell's Sliced USDA CHOICE Lb. W 9 T POTATO CHIPS Coiie Cheese 11 4-Paek Size ll II Pt. Ctn. II I -- TIDE PROCTER & GAMBLE'S GIANT PKG. Thrill 22 oz 59c Ivory Soap Personal 429e Ivory Soap Medium 335c Ivory Soap Large 237e Camay Regular 337e Camay-Bath 235c Zest Regular 233c Zest-Bath 243e Lava Regular 227e Lava-Bath 235e Ivory Flakes Large 37c Duz, Premium Starter 63c Spic & Span Wall Cleaner Reg. Size 26c Cheer, Oxydol, Dreft, Ivory Snow Giant 75c Cascade 20 oz 49c Comet Cleanser 14 oz 23Se Mr. Clean Liquid 15 oz 38c Downy Fabric Softener 33 oz 89c Salvo Tablet Detergent-24 pkg 49c Dash - 3-lb 79e Ivory Liquid 22-oz 69c Joy Liquid-22-oz. 69e Demonstrations - Blue Bell Potato Chips and Carnation Sour Cream - Fri. - Sat. SOUR CREAM Carnation 14 Pt. 33 - 59 MUSHROOMS .i..-. s,..Sp., ,., .2..- 49 Mandarin oranges?? . . 4. 89 CAT FOOD Frlskies-Treats 614 oz. tin 2 or (I GRAPE OR Ty ii ORANGE DRINK 1 Chunk Style 11 46 ox. tin Ul i2's Tin II FROZEN FOODS DeefSteaks EE?..- 59c French Fries 3 -49c Onion Rings ir". 4 -89c ml Independently Nabisco Cookies Data Nut, Chipits, Pecan Short Bread Nabisco Crackers Wheat Thins, Bacon Thins, Sociable Thins . Spaghetti & Meat Balls N.iuyi Lima Beans & Ham Nalleys Beef Stew N.n.y. Crab Meat Del Monte King Salmon Bumble Bee Pink Shrimp Bumble Bee Small . Baked Beans m . Brown Bread m Cocktail Sauce Del Monte . Meat Sauce m 2 For 85c 2 85c 24 or. Tin 39c ..24 oz. Tin j For 89c 15 oz. Tin 39c Jis tin 99C Tall 67C 41 oz. 39c 28 oz. Tin 3 For 16 oz. Tin 29C 12 oz 29c Barbecue Sauce Kraft's Smoked or Plain . Salt Leslie or Morton's 4'i oz. 35c ...is oz. 45c 5 lb. pkg. 23c MEATY TASTY-JUMBO'S r? ic fin PEPPERS Green Bell 3110 CELERY Fresh Crisp Stalks Ea. SEEDLESS GRAPES i.2 Owned & Operated Prices Effective thru Sun., Aug. 18 RHODES BAKE-N-SERVE FROZEN White Bread Dough 99c Wheat Bread Dough 67c Dough iZZ. 54c RAISIN I CINNAMON Market Basket 142 Siikiyou Bird., Aihland Houn: 1:30 a.m. to p.m. Cloud Sunday Van Wey's Thrift 1 26 Pint Street, Central Paint tdl Houra: 1:00-9:00 W..b D... 10:00-7:00 Sundjyt Grandview Mkt. 2310 Crator Lake Avt. Mtdtord Houra: am. to p.m. Mendn ThtMfh $nndr Drive-In Market Sourti Pacific Highoay, Tilent Henn: a.m. to 10 p.m. Monday through Sunday Limit Rights Reserved
