The news-review. (Roseburg, Or.) 1948-1994, June 30, 1960, Image 12

The news-review., June 30, 1960, Page 12, Image 12

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Newspaper Page TextPortland PR Man Heads Ad Group MEXICO CITY (AP) Donald Ostensoe, a rortlarm, Ore., public relations man, Wednesday night was installed as president of the Assn. of Advertisers from the West. Six hundred delegates from 13 Western States, Canada and Mex ico selected ustensoe as they wound up ineir annual couven- '"Seattle was picked for the 1961 meeting. Traditional Holiday Favorites Are Recommended For 4th Of July By THE ASSOCIATED PRESS Housewives searching for a safe and sane menu for the Fourth of July weekend can choose from a variety of traditional holiday fa vorites. These range in price from ham burger to steak and include such standbys as ham and frying or now you can liave ipermanent beauty... permanent protection... permanent finish. ff In aluminum awnings by For FREE Estimate without obligation CALL OR 3-5491 ROSEBURG VENETIANS AND DRAPERIES "For Well-Dressed Windows" 214 S. E. Jackson broiling chicken. Frankfurters and luncheon meats also are fre quent specials. The price gap between ham burger and steak is illustrated in the New York metropolitan area, where one chain offers' ground chuck at 69 cents a pound com pared with another's sirloin at 79 cents a pound. These prices are up a bit from the 1959 holiday while fryers are about the same. Steaks are trimmed as much as 20 cents a pound from last week over a fairly wide area. Leg of lamb is marked down in scat tered sections but fryers cost more in areas where they're not on the bargain list. Pork chops also are slightly higher in some places. Traditional Fourth of July vege tables and fruit also are on tap. Corn is rated a good buy, while nearby potatoes, watermelons and peaches are outstanding bargains. Best bets among vegetables are snap beans, beets, cabbage, cu cumbers, squash, spinach, radish es and green onions. You can get good Buys, too, from broccoli, carrots, cauliflower, , eggplant, en dive, escarole, lettuce, onions and green peas. Fruits, too, present a wide choice at this time of year. Be sides watermelons and peaches, the outstanding bargain list in cludes blueberries, cantaloups, limes, plums and bananas. VEGETABLE DOUBLE Let a fresh vegetable tray with a well-seasoned dip double for ap petizer and salad. Make a hearty dip of 1 cup cottage cheese, Vb cup each chopped ripe olives and mayonnaise, a teaspoon each in stant minced onion and lemon juice, dash Tabasco sauce and sea soning salt to taste. Serve in cen ter of lazy Susan with carrot sticks, green pepper rings, celery curls, di-ppn nntmis anH raw paullflower- I ets. BY STUDEBAKER 4th of July -- DEMONSTRATOR SALE - 4th of July SAVE AAA A M W '60 REGAL 4-DOOR 8-Cylinder, Colonial Red, overdrive, twin trdcrion, ww tirsi,' hill holder. hearer and defroster, new cor guarantee, only 3200 miles. '60 DELUXE 2-DOOR 1 OOO 6-eylindr, heater and defroster, QYq undercoat, custom trim, only 2400 miles. '60 DELUXE 4-DOOR 6-cylinder, dark green, padded dash, undercoat, heater and defroster; licensed, ready-to-go, only 200 miles, '59 DELUXE 4-DOOR 6-cylinder, Tahiti coral, overdrive reclining seat. 1898 WE NEED GOOD CLEAN TRADE-INS McECAY MOTORS .1410 S. E. Stephens ORehard 3-4531 P w'tusi ii. iMpjm. i.ikj) i yi.mf ' 'J yuwmimr. mi rnj i.iiim ipmi i Wi mu. tmm mm i i ........ , iU u v m I 1 - v SAILING' INTO GOTHA M The Japanese training ihip, Nippon Mam, four-masted barque, glides past the Statue of Liberty as it moves into New York harbor. The ship's visit marks centennial of first United States-Japan treaty of trade and amity. U. S. Treasury In Black As Books Are Closed For The Fiscal Year NEW ' YORK (AP) -' Thanks mainly to the taxpayers, the U.S. Treasury is using black ink today as it closes, its books, for the fis cal year. y j This is good news to all those who fear further monetary infla tiona mainspring for a rising cost of living, although there are other pressures, too. Also the Treasury is going to borrow less new money in the coming next six months than in any second half for several years. This is good news for all oth ers who want to borrow state and local government agencies, corporations, and individuals. ' It means there will be less compe tition for the available funds and perhaps somewhat easier borrow ing terms. . The taxpayers' get the major credit for the happier fiscal days in Washington because the Treas-. ury is collecting more from indi vidual income tax returns. Part of this is because rising prices this year have meant larg er tax withholding payments. And returns filed by individuals have been running higher. Some i.iihk mis is because of the drive to make taxpayers more con scientious about reporting divi dend and interest receipts. But the Agriculture Department has been doing its bit, too, to help out the Treasury. Because of low er price support spending for corn and unusually heavy export sales of cotton, the Agriculture Depart ment hasn't spent as much re cently as earlier it had been ex pected to. Although the books won't be tallied for several days yet, it now seems sure that budget' rev enues for the 12 months ending WATCHES AND DIAMONDS N ' ' Discontinued Stylet and Models ALL BRAND NEW, FULLY GUARANTEED MERCHANDISE You'll Hove to SEE These Values to Believe, th LOW, LOW PRICES ' f Early Bird Speelol , 49 Diamond V I BRIDAL SET J V OO50 ,A Only 7 7. j Outstanding Value ' 3 Diamond j DINNER RING 1 Special k6775i nurse I type y WATCH I Waterproof 7-J j Lunt. Diol .4.7sl0 J BRIDAL SET iflff n FREE ; :..; 99.50 NEW STAR FIRE BRIDAL" SET . 89 50 , Breath Taking in its original beouly W?tV 10-DIAMOND BRIDAL. SET "Gretel" ' CQ Cfl BOTH RINGS Only : J7.rfW 10-DIAMOND BRIDAL SET "Glorified 100" 1 AA AA Lovely Heart Design BOTH RINGS only I UViVU I5-DIAMOND LADY'S WEDDING RING CQ CQ 3 Rows of Dazzling Diamonds Regular 110.00 '' MAN'S DIAMOND WEDDING RING OQ Eft Famous MIZPAH Design Regular 59.50 ti7.rfW LADY'S 7-JEWEL DRESS WATCH IflQC, Choice of White or Yellow Gold Regular 24.95 LADY'S DIAMOND-SET WATCH Milos 75 Yellow Gold with Expansion Bond Regular 39.50 t LADY'S 17-JEWEL GRUEN Discontinued Model Brand New 00 An Outstanding Value Regular 79.50 tOO LADY'S 19-JEWEL ELGIN Discontinued Model Brand New AA M Another Outstanding Value Regular 49.95 ttf 17-JEWEL NURSE TYPE WATCH A JC Practical Waterproof Luminous Dial Regular 39.75 At J MAN'S 19-JEWEL ELGIN 00 OC Discontinued Model A Real Buy Regular 67.50 ww7 J MAN'S AUTOMATIC SHOCKPROOF WATCH 90 71 Anti-magnetic Waterproof Regular 59.50 ' ' ' MAN'S AUTOMATIC SHOCKPROOF, WATERPROOF Sussex 1 R RR Rugged, Dependable With Exponsion Bond Regular 39.75 ' 0O CULTURED PEARL AND DIAMOND PENDANTS AA CA Tremendous Values from '. 7t3V MAN'S DIAMOND AND ONYX RING CO CA Handsome "Solid Bock" 10K Yellow Gold r.. J7.3W MAN'S ' 17-JEWEL PERFEX 1 Rugged J Reg-io'JS j 35.00 1 7 y Nationoltir Adrertltod 1 WATCH I BANDS I r V PRICE A today will top the January esti mate of 78.6 billion dollars, and federal spending will be a bit be low the January estimate of 78.4 billion. Most guesses now put the budget surplus at 500 million dollars or better, r The Treasury late today will an nounce the terms of its first cash borrowing for the fiscal year starting Friday. The Treasury al ways nas to Borrow new . money in the last six months of a cal endar year because tax payments are slow then. It hopes to repay these borrowings in the first six months of 1961 when tax payments reach their peak'. Prospects now are for the Treasury to seek about 6'A billion dollars in cash between July 1 and Jan. 1. In the last three years its borrowing in the July-through- December period has run closer to lO'i billion. V If the Treasury tap's the money mareet lor lour DUiion.iewer dol lars this fall and winter, there will be just that much , more for other borrowers to divvy up be tween themselves. . ine- final days of the congres sional session will have a lot to do in determining how much of a Treasury surplus can be ex pected in the fiscal year. Spend ing bills are piled high on the log jam in the final days of the session. And the trend of business from now until next June will play a major role, too. If business is good and incomes are high, in dividual tax returns will be high. If profits rise, so will corporate income tax payments. If not but that's another story. Producers Announce Milk Price Increase CORVALLIS (AP) A milk price increase was announced here Wednesday by Benton and Linn county producers. Forty producers met here, said they have joined the Oregon Washington Milk Sales, Assn. and then announced an increase of 12 cents a hundred weight for Grade A milk. The price boost will go Into effect July 1. Distributors said they have not yet decided wheth er to pass on the increase to con-sumers. Canyonville Women Return From Trip By VIRGINIA PROCTOR Mrs. Paul Malm and two chil dren and Mrs. J. D. Stonehocker, who drove to California together tor vacations with their amines, have returned to Canyonville. With Mrs. Malm was her mother, Mrs. Ida Spillers, and with Mrs. Stonehocker were her grandchil dren, all of whom came to Oregon for a brief vacation. Mrs. Walter Hanson and two boys returned to Canyonville with the Norman Hansons to visit them. The former's home is at Fresno, Calif. Mother Visits Mrs. Elizabeth Bennett of Eu gene is a house guest at the home of her daughter, Mrs. Norman Chappell, and family. She also vis ited the A. R. Bennetts of Can yonville. Mr. and Mrs. T. J. Nicholas and two sons are moving into the Oaks apartments, after returning to Can yonville from Kansas City where Mrs. Nicholas underwent surgery. Larry Fuller, Truman Gunn and Austin Hinkle are now home from summer National Guard training camp. Thur., June 30, 1960 The News-Review, Roseburg, Ore. 13 Boeing Machinists In Strike Meetings SEATTLE (AP) Machinists Union .stop-work meetings were expected to close down most pro duction lines of the tarflung Boeing Airplane Co. Thursday. ' The work stoppage here was expected to last about five hours. Similar meetings, to take a strike authorization vote, were called at Wichita, Kan., Moses Lake, Wash, and at installations in Florida and California. Aero Mechanics Union 751, -Machinists Union affiliate represent ing 25,000 Boeing production and maintenance employes in this area, called on members to leave work at 11 a.m. to attend a 1 p.m. meeting in Sick's Seattle Stadium. A Boeing statement to employes said it "does not indorse this sort of tactics" but urged that "con sidering the nature of the an nounced business" all eligible em ployes should attend. The Machinists Union constitu tion required a 75 per cent vote in meetings attended by at least 30 per cent of the membership before a strike may be called. Negotiations have been carried on recently on a company-wide basis, after expiration of old con tracts. Boeing has offered raises it said average 17 cents an hour in a two-year contract. The union asked 25 cents in wages and an other 10 cents in fringe benefits. LEGAL NOTICE OP STREET VACATION ' IN THE COMMON COUNCIL 01 TH CITY OF ROSEBURG, DOUGLAS COUNTY. OREOON Notice is hereby .given that by resolution duly adopted by the Common Council of trie City of Roseburg, Oregon, upon Ui own mo- ; tion, and duly approved by tho 'Mayor on June 13, 1960, proceedings have been initiated by said Common Council to vacatt .all of that portion of Rosa Street lying batwean -the North Una of Washington Avtnua and the South line of Douglas Avanua. -- Any person or persons having an ob ac tion or remonstrance lo tha vacation of said portion of said street may In writing make and file tha same with th undersigned Ra- 1 corder of said City at or befor tha tlma set for hearing of tha objections and romon airances. Tha time and place of said hear- 1 Ing willbe at the regular meeting of tho said Common Council at, 7:30 o'clock P.M. on the 25th day of July, I960 at tha West side Fire Station In Roseburg, Oregon, Dated anf first published this 17th day of June, I960. ' , . : , .. Wlltma D. Hill City Recorder . ; "' j Roseburg, Oregon Stringers Of Elgorose . Plan Trip To Germany Mr. and Mrs. Charles Stringer and the former's' mother, Mrs. Ottie Stringer, of Elgarose drove to Ft. Lewis, Wash., recently where Stringer received his papers to be sent to Munich, Germany. The Stringers are now waiting for his mother to receive her pa pers to go, according to Thelma Hanson, correspondent. Mr. and Mrs. John Galla has re ceived word of the arrival of a granddaughter, Stacey Ann, born to Mr. and Mrs. James Johnson of The Dalles. She was born Juno 16, and weighed 7 pounds 14 ounc es. Mrs. Johnson was the former Marion Galla. The Johnsons have three other children, Steven, Nancy and Kimberly. Youth Leaves Joe Sand, son of Mr. and Mrs. Joe Sand, left last week for Hon nah, Alaska by plane, to work for the summer. Mr. and Mrs. Fred Hargeshel mer and daughter. Carol, of San Jose, Calif., is visiting in Elga rose with friends. The Hargeshei mers formerly lived in Elgarose. The Elgarose Comfort Club will meet at Stewart Jf ark July i lor n potluck dinner. Charter No, M860 , . Reserve District No. 12 REPORT OF CONDITION OF THE First National Bank of Roseburg of Roteburg, In the State of Oregon ' at tha cloie of businais on June 15. 1960. Published in response to call mada by comptroller of (hi currency, I under Section 5211, U. S. Revised Srarutat ' ASSETS .Cash, balances with other banks. Including reserve balance, and cash Items in process of collection $ 545,344.18 United States Government .obligations, direct and guaranteed. - 1,528,874.74 Obligations of States and political subdivisions 53,423.93 Corporate stocks (including $ 1 2,000 stock of Federal ' . . . Reserve bank) 12,000.00 Loans and discounts (including $898.32 overdrafts) . 1,263,621.64 Bank premises owned $3,607.10, furniture and fix-. tures $49,467.59 ...-.. 53,074.69 Other assets 18,296.87 TOTAL ASSETS . .. $3,474,636.05 ' . " : , ' LIABILITIES ' :; '-' . Demond deposits of -Individuals, partnerships, and - corporations - $1,196,431.73 Time deposits of Individuals, partnerships land corpora- .. tions .- : 768,635.26 ' Deposits of United Stdtes Government (including postal sayings) .v :. 123,338.71 Deposits of States and political subdivisions . .752,127.79 Other deposits (certified and cashier's checks, etc.) .... 79,761.96. TOTAL DEPOSITS ..... $2,920,295.45 , . ... ' Other liabilities .- 64,524.67 TOTAL LIABILITIES L....::..; $2,984,820.12 v, capital;, A.ceouNjs ;.,' , v, - : fnnltnl Stock: -v " .'""''.''".'. ' ' to) Common stock, total par 3U.UU ... 250.000.00 Surplus j . -I50.000.QO 89,815.93 489,815-.93 $3,474,636.05 $1,280,918.01 25,230.87 Undivided profits TOTAL CAPITAL ACCOUNTS .. , TOTAL LIABILITIES AND CAPITAL ACCOUNTS MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes Federal Housing Administration Title I repair and modernization installment loons, to the extent cov ered by Insurance reserves I, S. W. McLaughlin, cashier of the above named bank, do '. solemnly swear that the above statement Is true to th best of my - knowledge and belief. ' 1 ' . : S. W. McLaughlin . Cashier , Correct Attest: Fred B. Lockweod v . 1 Preston.M. Lee ', . ' , . George C-Grotke . Directors State of Oregon, County of Douglas, ss: , v v Sworn to and subscribed before me this 28th day of June, 1 960, ' . and I hereby certify that I am not an officer or director of this bank. . Lucille E. Marey, Notary Public My commission expires 21063 650 S. E. JACKSON ST. 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