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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (Aug. 12, 1958)
MARKETS By Unlttd Press International PORTLAND GRAIN White wheat 196 Soft , white, H.R. applicable 196. White dub 196.- Hard Willi o Ikah ordinary no bid, Oats no' Uid Barley 46.50. '..-. PORTLAND DAIRY ... Eggs .To retailers: Grade AA large, 56-58C doz.; A large, 52-55C doz.i AA medium, 47-48c; A me dium, 46 47c; A'A smalls, 29 -32c doz; carton l-3c additional. Butter TO retailers: AA and GraqV A' prints; ti6-87c lb.: carton lc lb, higher;' B prints, 64-B5c. Cheese (medium cured To re tailers: A large cheddar single daisies, 40-51c; S-lb. loaves, 51'; 57c; processed American cheese, 5-lb. loaf, 40-43C. Portland Livestock ; Cattle 250. Fed steers slow, otherwise trade moderately ac tive,' couple loads fed steers un sold early; good and' choice steers Monday weak at 25 - 20.75; few standard steers today 22.50-24.50; utility 18.50-21.50; mixed standard and good ted' heifers 22-23. "futil ity cows 16-18; canners and cut ters mostly 14-15; heavy cutters to' rS.5d; :Jiglit iahricrs as we'll as Wasty dairy type 13' 14; utility bulls 23-24.50. Calves 75. Tra'de moderately ac tive; steady. Good' and choice Vcalcrs 26-28; standard 20-25. ' Hogs 250. Trade moderately ac tive) steady to' 25 cents lower: U.p.: No;. 1 and 2 grade butchers 180-235 lbs. mostly 25.00; mixed 1, 2. and 3 grades 24.25-24.75; 240-270 lbs. and' 160-180 lbs.. 23-24.25; sows scarce, few U.S. 1 and 2 sows 270 350 lbs. 21.50-22.50 ; 350-550 lbs. 18.50-21., Sheep 850. Trado' moderately ac tive, steady tp strong, load most ly choice 88 lb. No. 1 pelt spring lambs 21.00; small lot 97 lb. No 2 pelt ,21,25: good spring lambs 19.50-20.50; good and choice feed es 65-90 lbs., 18-19; cull to good siaugmcr ewes a.au-.uu. Observer, La Grande, Ore., Tuesday, Aug. 12, 1958 Page 2 T7 jfesWS. NtA TcKphdle NEW STEEL ARCH The final steel sectuon of the Glen Canyon Bridge is dropped into place, thus completing the arch that will be the nation's highest arid second longest steel arch bridge. This bridge, 700 feet above the Cbldrado River, Will c6h nect the states of Arizona and Utah at GlenCanyon. N&W York Stocks .NKvTyOIIK (UPM-The stock market ran into a tight money roadblock1 lodhy and backed away from' the new 1958 highs set Mon day. ,- Interest rate's on short-term funds, have! been rising recently, partly reflecting Federal Reserve action in' reduciiigthc amount of action in reducing tho amount of money, available ofl' such, loans. Leading auto stocks wcro lower, depressed somewhat by signs lh:it contract talks in that key industry may be Hearing . a showdown, American Motors countered I lie trend. It added u small fraction, vi Aircraft j oriel , steel stocks leaned toward the d, o w ri s i d c.Cnpuci' stock's sliowed losses runiilus; i)usl 4 ! point ip Kc'nhecolt and Phelps Dodge )t liieir lows. Chemicals featured on, the downside, with Du Poiit, ..Union , Carbide, Dow and Eastman Iodak alt off morn I ban d1 ppinl, at their w'orst. . Sehenley' Industries stluplied leadci'ship oh the upside. It rose more thaii1 d' point at its high fol lowing successful Senate action on a'.biU to extend the period of tax free bonding from 9 to 20 years. Fire'sloiie led' the Jtiios lower. Leading oils' Were Off fractions for the most part. rses Ruling Against L Hospital Firm SALEM UPI)- Tlte Slate Su preine Court has reversed a judgment , of $12,217 against the Oregon City Hospital Company. The lilahitiff, Alice M. Ander son, flipped , hi .a' corridor of the hospital nhtl was injured' while visiting lict husband She contend ed thai; the hospital was negligent in' maintaining a' hazardous con dition' 6f extreme slickness on the floor of the corridor. Howovdr,' the Court' suid tlial waxing a' floor Is not negligence and' evidence foiled to show any llack of due care in the method of waxing. The opinion by Justice Gordon Sloan' reversed Circuit Judge 1 K. Hammond Earl Sherwood, Jackson county, won from' the Court the right to nave the trial court review ms claim that his constitutional rights were violated by certain alleged irregularities in connection with his waiver of indictment and ar raignment .and his plea of guilty. He was , sentenced to prison in 1949 'for 12 years on a plea of guilty to' thi' crime of assault with intent to rob. The Supreme Court, treated his appeal as a motion to correct the record. The, Court sustained the refusal of the Umatilla County Circuit CQurt to assert jurisdiction in a similar proceeding filed by Leon ard 15. Miller, who complained that a pre sentence- statement made by the district attorney con tained falsq statements. But (lie Court found that no consitutional rights were violated in this case. Imect Pest of all kinds COCKROACHES g aX'vbuhach Cntlfwiila'it.Orant Innoet Powih-r till cur old Hill I lU'Hi unit Ntiivxl. j( Drug:, Uf'erry murvn 1 mid IX Blii . 1 John P. Clark Discharged ' From MATS Airman First Class John P. Clark, 5700th Support Squadron and well-known base athlete has departed for discharge by MATS. Airman Clark, a native of La Grande, where he participated in basketball; football and track, ex pects to reenter Eastern Oregon College. John holds the blue Mountain javelin conference record with a loss of 175 feet. lie alio ran the 880 and mile in high school. Dur ing his tour in the Canal Zone ho has become well known and has played forward position for Albrook three years running. Airman Clark received a pre separalion gift last Saturday from his wife, Janetle, formerly of Milton-Freewatcr, when she pre sented him with a son, John Pet er, Jr., weighing in at 5 lbs. 0 OZ. , "; Navy's Arctic Circling Blimp Enroute Home WEYMOUTrr Mass. lUPH The Navy said today its Arctic penetrating blimp was riding fa vorable winds homeward after reaching an ice island only 400 td 500 miles short of the North Pole, farthest north an airship of its type has ever flown. The Navy said the blimp ZPG-2 reached ice island T-3 Saturday and returned to Ft. Churchill, Manitoba, half way up Hudson Bay, Sunday night. After a brief refueling slop, the craft continued south and was due at the Naval Air Station here Tuesday morn ing. The blimp dropped supplies to the 45-man scientific team on the ice island in connection Willi the International Geophysical Year. The island lies north of Borden Is land in the Queen Elizabetli group in the Arctic Ocean. The entire trip will cover 9,400 miles. 11 reached 1,000 miles above the Arctic Circle. The blimp left here July 27 but bad weather forced it to put down at Lak6hurst, N. J., ihch' MM, Ohio, before tie'a'ding flOrtri. In 1920, a Zeppelin-type rigitl dirigible bearing Norwegian ex plorer Roald Amundsen flew over the North Pole but the ZPG-2 is a flexible, "gas bag" type aircraft. U.S. Navy Blimp Has Crossed Arctic Circle WASHINGTON UPI) A Navy blimp has crossed Ihe Arctic Cir cle and is now farther north than any other non-rigid airship in his tory, the Pentagon announced Friday. The Navy reported that a lone oola'r bear witnessed the precedent-setting entry of the blimp in to tlie Arctic Circle Thursday night in the Repulse Bay section of the Melville Peninsula. The next stop for the scientific exploration which is making a 4,600-mile flight to the North Pole will be Resolute Bay on Corn wallis Island. Telegraphy, Aviation Aid De centrali Beat the winter rush . . .vCAv 1 ' HEATING T t, "-Hi Show's the time to convert to gas heat Those chilly fall days will soon be upon us. And now, before the winter season begins, is the smart time to convert to gas heat. . Because it's the automatic fuel, and so clean, is tho reason so many of your neighbors are converting to gas heat every year. " Now is the time to plan your installation which can be done at lower cost and more conveniently for your family before the winter rush begins. Call us for an estimate or get in touch with your heating contractor today OAS Is Ihe cheapest automatic heal CALIFORNIA-PACIFIC UTILITIES COMPANY w By ELMER C. WALZER ' UPI Financial Editor NEW YOHK (UPI) Decentrali zation of industry goes on at an accelerating rate with the maze of plants cemented together with telegraphy and aviation. Big and medium-sized compan ies have their far-flung plants and offices connected in . a growing number of instances with their private teletype systems which keep the central office informed of all developments and help maintain a continuity of pol icy. Busy executives make speedy trips to this or that plant by air plane when their presence is need ed. And the planes in many in stances are company jjwned and operated. The airplae phase of business is getting to be big business in itself. It's bigger than scheduled commercial airlines, and the fu ture holds the prospect of in creased growth. The current "Investor" sees business flying as the fastest growing segment of aviation to day. , . , , ,niy Business aircraft last year, it Bank Merger Plans Are F6r muldted LOS ANGELES i Upfi-One . of the largest bank mergers in the West was underway today when the board of directors of the Cal ifornia Bank gave tentative ap proval to plans calling for a new multi-billion dollar institution. , Firstamerica Corp. of San Fran cisco proposed to acquire 80 per cent or more of the California Bank stock at an exchange rate of 3',2 shares of capital stock for each share of California Bank's stock. The merger calls for the amal gamation of a Firstamerica affili ate, the First Western Bank & Trust Co., and the California Bank into a statewide financial combine to be the surviving institution. notes, logged 5 million hours. This was 25 per cent- more than 4 million hours of all scheduled air lines. The total, the magazine pre dicted, should soar to near 6 mil lion hours by 1960 and to at least 10 million hours by 1975. "By 1965, Investor says, more than half of all the hours flown in general aviation will be for business use, "The wide range of business operation currently using aircraft includes manufacturing, merchan dising, banking, construction, fi nance, trasportation, utilities, mining, oil producton, farming' and ranching." " The magazine finds many things working in favor of business fly ingcontinued industrial disper sion with plants located , at off- airways sites; general optimism of businessmen and the expecta tion of continued nigh profit lev els ; increasing sectional competi tion; realization by companies that they can keep travel time of high-salaried executives at a min imum by air travel. The Civil Aeronautics Adminis tration finds there has . been a shift from single-engine, two-place units to the longer, single-engine models of four to five places and to the small twin-engine executive aircraft as well. , . Makers of the small aircraft look for a big market ahead for executive purposes. Some of the bigger companies are eyeing the executive market. Grumman, for example,' plays to bring out this month its Gulfstream turboprop executive transport its first entry zation ino commercial aviation since the Korean War. ; The Investor also sees a big po tential in the rent-a-plane opera tion, being given impetus by entry there of the big rent-a-car com panies, such as Hertz and Avis. The renting groups are seeking business from the 200,000 actively licensed pilots and an equally large group of inactive ex-combat pilots. Herts plans to have rental planes in 100 cities by the year end. Typical rales for a customer piloted rental of a four-passenger plane, according to Hertz, would approximate $1 a day, plus 13 cents per flight mile. At those rates a 500-mile trip for a four-some of executives would cost about $80. . 1 ' Biggest floral clock in the world is planned fo'f international Garden of Tomorrow at Oregon Centennial exposition grounds at. Portland next summer. Clock, modeled after one" at Christ church, New Zealand, will actually tell' time', a'nd hands and fate alike will be made.pf grow ing flowers. World's biggest candle will stand behind clock. Garden will cover Vl acres. Vl. VflK pesi,.',- trM SPECIAL NOTICE TO FIRST NATIONAL BANK CUSTOMERS: Please continue to use your current checks, deposit slips, bankbooks and other banking materials. Materials im printed with the new name, First National Bank of Oregon, will be provided you orr a normal basis of replacement. AND ..former Th First National Bank of Portland 1 f
