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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (June 6, 1960)
Discount Rate Reduction By Federal Reserve Board Hailed As Business Pusher By JACK LEFLER Bum.H N.ws Writer ' NhW YORK (AP)-Is business going to get a stimulating shot 10 the arm? That question arose this week auor the Federal Reserve Board approved a geographically limited cut in the discount rate. riie discount rale is the amount of interest charged when member Banks borrow money from the re- X-ray Equipment Check Proposed wrUNUTON (AP) Two Congressmen eiioaocio,! urj - - cuiica- oay a need for reguar checks of 1-1 iy ana other radiation equip ment used by doctors and dentists to be sure it is up to the latest and best standards Reps. Chet Holified (D-Calif) and Craig Hosmer (R . Calif) Brought the matter up during juiui oeimie nouse Atomic Ener gy subcommittee hearings on ra diation protection slanrlarrls Dr. Richard Chamberlain of the university, or rqnnsylvama testi fied doctors have voluntary pro grams of inspection, and health departments of, some cities con duct insnpptinn curirouo . Dr. Chamberlain added' that the equipment is only a small portion of the problem which involves de cisions by the doctors on whether to use radiation. Dr. Francis J. Weber, chief of the radiological health division of the U.S. Public Health Service, reported various studies to help improve the practical applications of radiation protection guidelines. Among those which have been announced previously he listed the investigation of radium deposits in body skeletons of people in the San Juan Basin in New Mexico and a study of factors contribut ing to the occurrence of radioac tivity levels in market milk in various milksheds. The San Juan Basin study will continue for 5 to 15 years, he said. In the milk study, he said ac tivities have begun in the St. Louis milkshed and are being co ordinated win a study in Brainerd, Jlinn. Dr. Weber also mentioned a continuation and intensification of a study of uranium mine work-' ers. Chinese Group Flees From Communist' Rule MACAO (AP) A Nationalist Chinese relief association here says 420 refugees from Commun ist China a record number reg istered here in May. A spokesman o this Portuguese colony said this probably represents only ahout nne-ihird of the number of refu gees. Most of those escaping from Bed China don't register for fear of Communist reprisals. Catholics Donate Fund For Chilean Needy PORTLAND (AP) - A $5,000 check on behalf of the Roman Catholic Archdiocese here was put toward Portland s S25,uou goal tor Chilean disaster relief Friday by the Most Rev. Edward u. Howard, archbishop. Chile was rocked by earthquakes recently, leaving thousands homeless and . in need of medical care. serve system. It usually is re flected in the rates the member banks charge their borrowers. J lie rate cut from 4 ner cent to 3!-a per cent was okayed for ine reacrai Keserve banks in Philadelphia and San Francisco. Others in the 12-bank system were expected to follow but there was no rush. Some financiers exneoted cheaper borrowing to propel busi ness closer to the rate expected when the year began. They hoped the lagging homebuilding industry especially might benefit. 1 lie kev to the outlook was whether the . reduction becomes general and whether the banks adjust their own interest "rates proportionately. Some New York bankers said they doubted it. Stocks Bantfittid The stock market perked up somewhat on the news as brokers felt that lower interest rates would make the yields of com mon stocks and bonds more at tractive to investors. In announcing the rale reduc tion, a representative of the re serve board said the action was taken because "(he economy is on a solid base and the inflationary Dsvcholoev has lessened. The steel and automobile indus tries slashed their outputs this week. The Memorial Day holiday was partly to blame. But new or ders for steel remained slow. Steel production slipped to 61.9 per cent of capacity, lowest since the week of Nov. 9. Last week's level was 65.6 per cent. Some producers look furnaces out of op eration. Several thousand work ers were idled. Most companies planned to get their closed facili ties back into operation next week. Auto Outlook Batter Automakers assembled an esti mated 116.000 cars this week, down from 143,555 last week and 125,353 a year ago. But the outlook was good with an estimated production of 623, 000 cars in June, which would make it the best June since 1955. Sales sagged in the appliance industry last month.. Factory in ventories of finished goods reached the highest levels of the year, shipments slumped under Ihe rate ot a year ago ana mere was some price cutting. Kelail trade again supped De- low the level of a year ago. Cool, wet weather dampened enthusi asm for buying summer mer chandise. People were buying more tnings on credit. The f ederal Keserve Board announced that outstand ing consumer instalment credit in April showed the biggest month ly expansion, 533 million dollars, since last August. The Commerce Department re ported that inventories and busi ness sales climbed to record peaks in April. Brieflv around the business scene: "bus-back" is the newest wrinkle in freight transportation; Railway Express Agency is mak ing shipments in IViton trailers attached to intercity buses. Em ployes of a Trenton, N.J., toy fac tory raised enough money to buy the million-dollar plant and save their iobs: the company had planned to transfer operations to the South., The summit collapse knocked, out a New York deal er's plans to spend $350,000 pro moting sales of the Russian Moskvitch car.- .... Retail price increases on men's fall suits will range from $3 to $10. - af 1 :ljrC-r"i -a..; ., -? If X&Pr) Q cS3 A " W '0 IP DEMOCRATS IN 'ALL-FOR-ONE' 'Three leading candidates for the Democratic presi dential nomination join in a mutual handshake of unity as they met in Beverly Hills, Calif., May 31. at a $100-a-plate dinner held in honor of California Gov. Brown. From left: Senators John Kennedy, Massachusetts, Lyndon Johnson of Texas and Stuart Symington of MissourU(AP Wirephoto) Diefenbaker, Ike Pledge Joint Peace Efforts WASHINGTON (AP) President Eisenhower and Canadian Prime Minister John G. Diefenbaker to day reaffirmed their determina tion to continue to work lor peace with justice. iney agreed that particular at tention should be given to ending nuclear testing under effective in ternational control and to working toward general disarmament. inis was the essence of a joint communique issued today at the White House on the Eiscnhower Diefenbaker talks Friday. On his arrival Friday he backed President Eisenhower against Sov iet Premier Nikita Khrushchev's latest outburst in which he called the President weak and ineffectual. The communique was issued shortly after the Canadian Prime Minister had taken off for a flight to Winnipeg. He told an airport group that U.S.-Canadian friend ship provides a model relation ship for the whole world. uietenbaker said earlier that the century and a half of Canadian-American friendship is "the' greatest answer" to Communist charges that the United States is warlike and aggressive. RED BARRAGE PAUSES TAIPEI. Formosa (AP) Red Chinese guns went silent again to day after lobbing 79 shells at the tuemoy islands friday. Ex-Oregon Con Guilty Of Murder; Death Voted SEATTLE (AP) Joseph Ches ter Self, 29, was found guilty Fri day night of first degree murder in the shooting of a Seattle cab driver March 16. The jury, which deliberated four hours and -10 minutes, decreed the death penalty. Self, a native of Tacoma who has served time in the Oregon Stale Prison, was charged with slaying Ralph Gcmmill Jr., 39, during a robbery attempt. Gemill's body was found in a field in southern King County. Self was arrested at Elbe in Pierce County two days later. He claimed the shooting oc curred while he and Gemmill struggled for Self's gun. Land Swap Authority . Switched To Farm Dept. WASHINGTON (AP) The Sen ate passed and sent to the Presi dent Friday a bill to give the secretary of Agriculture the au thority to swap private and state owned land lor national forest land. The Interior secretary now has this authority. The bill, in effect, would carry out a reorganization plan submit ted to Congress last year by President Eisenhower. This plan was rejected by the House. The new measure, ' however, sDells out the transfer of authority and would not affeqt the Interior secretary s jurisdiction over dls position of valuable subsurface minerals on me puoitc iana. Power Group OKs High Capacity Line SEATTLE (AP) A high ca pacity transmission line to enable electric utilities in the Pacific Northwest and California to ex change surplus power was backed at a meeting here recently of the Pacific Coast Power Coordinating Committee. Owen Hurd, chairman,' said the meeting was attended by more than two dozen representatives of publicly owned utilities. Repre sentatives of the governors of Oregon, Washington and California sat in as observers. Hurd said the committee decid ed to send a representative to Washington as an opposition wit ness when the Senate Interior Committee resumes hearings June 15 on a proposed intertie between the Bonneville Power Administra tion and Pacific Gas and Electric Co. The group considers such an intertie inadequate, Hurd said. The chairman said the group agreed that a power interchange is feasible, but safeguards would have to be worked out to protect the Pacific Northwest from losing power it needs. Show Biz Books Flood Markets HOLLYWOOD (AP)-The show biz books continue to flood the market. Ono of the better recent ones is Ken Murray's "Life on a Pogo Slick." His is no confessional of the "How I Conquered Drink, Dope and Delinquency to Become a Star" school. It is an aptly named account of a comedian-showman's many ups and downs in the en tertainment business. He has a natural pride in the ups but doesn't gloss over the downs he quotes a New York review de scribing his "Blackouts" as "long, vulgar, unfunny." The most fascinating part of the Murray saga is his personal life. Ken describes his early years with his beloved mom and pop and older brother Joseph, a stein man home only seldom. Ken was a teen-ager before he learned that mom and pop were actually his grandparents and Joseph, with whom he often argued, was his father. Joseph was a vnudevillian who didn't want it known he had a growing son. He had been di vorced from Ken's mother and figured the boy would have a more normal upbringing with his grandparents acting as his real mother and father. Ken's story of nis searcn tor nis moiner is a poignant tale. "Jesscl Anyone?" is the title of a new volume and if your answer is yes, George has a pleasant package for you.. The veteran en tertainer offers a chatty discourse on a variety of things and throws in a variety of jokes, some old, some new. ' The most valuable Dart" of the book is Jessel's advice to public speakers. Having operated over more chickens-a-la-king than any living person, ne is weu quaiuieu, jMon., June 6, 1960 The Newi-Revlew, Roteburg, Ore. 9 Khrush Accepts Cuban Overture LONDON (AP) - Soviet 'pre mier Khrushchev has accepted an invitation to visit Cuba, the Soviet Tass Agency has announced. The time of the visit will be agreed upon later, the agency said. Khrushchev announced his ac ceptance in a conversation with Antonio Jimenez, leader of a Cuba trade delegation which ar rived in the Soviet capital this week. Soviet First Deputy Premier Anastas I. Mikoyan visited Cuba recently at the invitation of the Fidel Castro regime. A Cuban economic mission now visiting Moscow continued busi ness talks in the Soviet capital Friday, Moscow radio reported. FREEWAY PLAN OPPOSED PORTLAND (AP) The City Council Friday received a petition signed by 1.131 Portlanders ob jecting to the Clay-Market routing for a freewav through the west side because of noise, high cost and otner (actors.. Weyerhaeuser Plans Plywood Co. Purchase TACOMA (AP)- Weyerhaeuser Co. announced plans Thursday to purchase Roddis Plywood Corp. and its subsidiaries through an exchange of stock. Roddis has about 3,300 employes manufacturing hardwood products in Wisconsin, Vermont, Ontario, yueoec and Areata, cant. Under the memorandum of in tent signed by the two companies, Roddis shareholders would receive .56 of a share of Weyerhaeuser stock for each share of Roddis, Norton Clapp. president of Weyer haeuser, and Carroll Blanchar, president of Roddis, said here. Headquarters for Roddis is Marshfield, Wis. The firm manu factures hardwood products such as veneers, doors, lumber and ply wood which are distributed through its 'own wholesale outlets throughout the country. The Cal ifornia plant produces Douglas fir plywood and fibreboard. The Roddis firm will be man aged intact as a division of Wey erhaeuser if the asle is approved, Clapp said. Eye Surgery Negated By Light Control Gadget PORTLAND (AP)' An instru ment that harnesses a beam ot light as bright as sunlight to co agulate eye lesions, seal off optic blood vessels or make a torn reti na adhere was presented to the University of Oregon Medical School. . The instrument cost $13,000 and was the gift of a hospital' 8UU? It works on the principle of the magnifying glass focusing the sun's rays to ignite a paper, and it makes eye surgery unnecessary. Oregon Methodists Hike Annual Budget PORTLAND (AP) - A budget of $485,318, which is $41,921 more than last year, was approved Fri day by the Oregon Conference of the Methodist Church. The con ference also passed three resolu tions on race relations. The conference commended the students in the South for the -"dignified, non - violent manner in which they have conducted them selves" in recent sit-in demonstra tions. , The conference also commend ed Dean J. Robert Nelson, who resigned from the Vanderbilt Uni versity divinity school faculty aft er the school expelled a student who participated in the sit-ins. Another resolution urged V. S. diplomatic pressure on the Union of South Africa to ease racial ten sion in that nation. iH104 I lit f rrr- ; us 0Mhw5 ! , Van a alna1 10 year pro-rattd Warranty. . $389,95 $349.95 $299.95 25 cu. ft. , 21 cu. ft. J 7 cu; ft.;; Will gladly open avanlngi. and Sundays by appointment PHIL'S APPLIANCE SALES AND SERVICE 2741 W. Harvard OR 2-1700 FRESH STRAWBERRIES 30-lb. Qc Stemmed TIN A6lb. Ra-paekagt in your own family slit container and fraeia - PICKED ONE DAY - flORCD TftriAV Pit Cherritt YOU GET THE NEXT UilUEIt IUUAI ' NEXT 2 DELIVERIES ONLY . , ."JUNE 10 and 22 WINSTON LOCKERS, Winston " OS 9-5133 RALPH PATTERSON Preienti 10th Annual Recital OF DANCI STUDENTS , . :. Senior High Auditorium . ' Tuesday Evening June 7; 8 P.M. Adults 1.00 . Children 50c f June is Vjffl iDAIRY MONTHS i over America Y I r. tf I BUY CXV BUY QUALITY UMPQUA WATCH FOR $2.00 BILLS They ore Umpquo Dairy payroll dollars being returned to you, the eirizem of Douglas County. 0 Short Special by Cool summei shorts in assorted fabrics, colors, and prints. Boxer short styles with elastic waist bands. Come early. At this price, they'll go fast. For boys and girls 3-6X. OUR BIG 58th ANNIVERSARY SALE CONTINUES THROUGHOUT THIS WEEK. MORE ITEMS ARE BEING ADDED DAILY TO OUR SPECIAL AN NIVERSARY BARGAINS. SHOP THE ENTIRE STORE TODAY. Ladies CAPRI PANTS m In solids and prints Sizes 10 to 16 3 Polished Aluminum Cake Humidors Reg. 2.98 1 49 ea. POMPOM RUGS 24 x 36 7 Pastel Decorator Colors' Reg. 7.98 C98 Sale" 100 Acetate Rayon White Rayon Panels 42x81 With The Lairing Washable Finish Each 79 Pleated "Shorts In Assorted border prints Sizes 10 to 16 1" to 249 Brass TABLE LAMPS With Shade Reg. 7.98 398 100 Gray Duck DOWN PILLOWS 20 x 26 inches OQ Reg. 7.98 sale Textured Fabric COUCH THROWS CD x 108 fttaular 6.98 4.98 CHAIR THROWS 60 x 72 Rtgular 4.98 3.98 m. S H I n I n 6 HOUR by . in The Best Place To Shop After All! " "my 1 Hour Free Parking At Adairt or Serv-Ur-Self Parking Lots With 2.00 Minimum Purchase Personally-flattering com pletely feminine an ALLOVER EMBROIDERED EYELET BATISTE dress by Tfr VMx . . . 100 COMBED COTTON. Washable, too. Colorsi Black, navy, " ' . Sizes 12 to 20 and 14VS to 215. $10 95
