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
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CHUCK
THACC
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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