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About La Grande observer. (La Grande, Or.) 1959-1968 | View Entire Issue (June 17, 1959)
Observer, La" Grande, Ore., Wed., June 17, 1959 Page 8 Marker Quotations N. Y. STOCKS ' NEW YORK' (UP1V Steels, autos and "specialties led the stock market higher today after three straight' sessions of decline. Trading was moderate. The eternal optimists on Wall Street hoped, the co-rective phase through which the market has been passing was over and thai today's rise marked the start of the long hoped for summer rally. The economic news was gener ally favorable,' except for strike fears in such key lines as steel, aluminum and copper. However, Universal Cyclops at its high was up almost 4 points but backed down under late prof it taking. Youngstown Sheet was up more than 3 at its test while U.S. Steel ran ahead better than a point. t Motors were firm with Ford, Chrysler and ; American Motors all up around a point. Phillips and Gulf were soft spots in a mixed oil group. Polaroid was strong in the cameras but Eell & Howell gave ground reluctantly In the Rails, Southern Pacific and Western Maryland rose a point or more each. Hurricane Alert Issues In Texas NEW ORLEANS UPD-A hur ricane alert was issued along the lower Texas coast today in readi ness for Beuluh, a tropical storm with near-hurricane force winds at 65 mil's an hour. The New Orleans Weather Bu reau said Beulah, the season's second tropical blow, was still centered at 6 a.m. e.d.t. 210 miles south-southeast of Brownsville, Tex. ' ' The weather bureau said Beu lah has remained nearly station ary during the night. For this reason, the New Orleans Weath er Bureau said it was still not cer tain which direction the storm would turnt although it was be lieved to be ready to move north westward toward Texas. : Beulah's high winds were esti mated at 65 miles an hour near the center. Scattered squalls with winds around 35 miles an hour ex tended east and northeast into tbe Middle Gulf. PORTLAND GRAIN White wheat 1.97. Soft white, hard applicable 1.97. White club 1.97. Hard red winter, ordinary 2.05. Hard white baart, ordinary 2.03. Oats no bid. Barley 41.00. PORTLAND DAIRY PORTLAND (UPD Dairy mar ket: Eggs To retailers: Grade AA 'arge, 39-40C doz.; A large,' 37-38c; AA medium, 32 - 34c; AA small, 25-27c; cartons l-3c additional. Butter To retailers: AA and Grade A prints, 63c Jb.; carton, lc higher; B p ints, 63c. Cheese (medium cured) To re tailers: A grade Cheddar single daisies 41 51c; processed Ameri ca:) cheese, 5-lb. loaf 40-43C PORTLAND LIVESTOCK PORTLAND (UPD USDA Cattle 22; includes only two loads fed steers, balance mainly cows; trade slow; canncr and , cutter cows steady to weak at 13-15.50; heavy Holsteins to 17. Calves 50; trade slow. Weak to a dollar lower than Monday; good and choice vcalers 26-29; utility and standard calves and vealers 17.50-25. Hogs 400; trade rather slow, about steady; U.S. No. 1 and 2 butchers 19 to 225 lbs, 18.75 to mostly 19; few mixed 1, 2 and 3 lots 180 to 235 lbs. 18-18.50; few 350 to 450 II). sows 12.50-14. f. Sheep 750; trade active, fully steady; bulk predominantly choice 80 to 105 lb. spring lambs 23 23.25; one deck choice 80 lb. range lambs 23.75; cull to good ewes 2.50-6. f La Grande Students Pass Civil Service . Thirteen students of the Sec retarial Science Department of Eastern Oregon College success fully passed the Oregon State Civil Service Examinations that were administered on May 14 by Sarah C. Stein , Among those who qualified for the Civil Service rating of Clerk Stenographer I were Barbara Hodgins, Pat O'Lcary, Lee Mill er, and Itcba Clark, all of La Grande. Linda Bean of La Grande earn ed a rating of Clerk-Typist I. FARMERS & RANCHERS Look Al These Prices!. 650-1(5 New truck Take-Offs $VJ9S (Goodyear Firestone, Etc.) 700-15 Nylon 6-Ply $32.95 ViO-29 Non-Directional 8-Ply $52.95 825-20 Hi-Way 10-Ply $65.95 No. 33 A No. 36 Nylon, 10-Ply $39.95 No.56 Nylon, 20 Ply .' .' $79.95 LOTS OF GOOD USED TRACTOR TIRES FORD'S TIRE SERVICE Li Grande Pendleton Heppner Problem In Wall Street Is How Much Of Recovery Is Discounted By ELMER C. WALZER UPI Staff Writer NEW YORK (UPD The prob lem in Wall Street just now is how much of the business recov ery has been discounted by the stock market. Mot a few of the experts feel that the market in its wisdom has done a fine job of measuring Farris Funeral Set For Friday Grovcr Wimurn Cleveland Far ris, 76, died at Ritzville, Wash., June 15. Cause of death was a heart attack. Farris was born in St. Joseph, Mo., Feb. 6, 1883. He was a resi dent of La Grande for 75 years and recently moved to Sand Point, Idaho. Farris had been in La Grande to attend the funeral of his sist?r Mrs. Ida May Clark. Whi'e driving to Spokane he suf fered a heart attack. Farris is survived by a son, Forest G. Farris, Sand Point, Idaho, a daughter, Viola Sullivan, Spokane, Wash., two brothers, Forest Farris, La Grande, Amos Farris, Dillon, Mont., two sisters, Mrs. Robert Barret and Mrs. A. A. Van Elsberg, both of Dillon, Mont., and four grandchildren. The funeral will be held at the Dempsey-Snodgrass Chapel Friday, June 19 at 2 p.m. The body will be interred at City Cemetery. J. Chandler Dies Following Illness John A. Chandler, 90, a retired farmer of 'Route 1, La Grande, died June 16 in a local hospital after a short illness. Funeral services will be in the Daniels Funeral Home Thursday, June 18, at 2 p.m. Rev. Louis Samson will officiate and burial will be in the Island City Ceme tery. Chandler was born in Owasso, Mich., July 8, 1868, and has been a resident of La Grande for the past 57 years. Surviving him are his two sons. Grant and Robert Chandler of La Grande; one brother, Zack Chandler of La Grande; and 13 grandchildren and 17 great grandchildren. the future. But even its sagacity may have been underestimated the extent of the comeback. Hence, the interest today in the Cleveland Trust Company's busi ness bulletin. This authoritative summary gives business a clean bill of health, ven to the recession-happy textile industry, and ventures that we'll have at least another year of advance, though probably at a slower pace than '.he first 12 months which ended in April. The bulletin calls attention to a number one problem of the na tional debt and its financing. It also cites a number one bright spot the high incomes of the na tion's family groups where pur chasing power has risen despite the dollar depreciation. Two things that have beer, worrying some investors steel labor and inventory accumulation are explained in terms of a ravorable nature, especially the latter. Dip Possible Without Strike "Judging from past experience," says the bulletin, "a steel strike of several weeks' duration would bring a mild drop in total indus trial production. A dip could also occur without a strike, resulting from temporary cutbacks in steel orders and output." Noting that a high and rising ratio of inventories to sales is a Charles L Tuning i Services Friday Funeral service for Charles Leon Tuning who died in a local hospital recently will be held in Daniels Funeral Home Friday, June 19, at 2 p.m. Rev. Bert Albritton will offici ate and the place of burial will be Parma, Ida. . Tuning was born in Parma, Feb. 11, 1933, and has been a res ident of La Grande for four years. He is survived by a widow, Aris Tuning; his father, . Harold Tuning of Fruitland, Ida.; and five brothers. Merle Tuning, sta tioned with the U. S. Army in Germany; Ed Tuning, stationed with the paratroopers in Ken tucky; Les and James Tuning of Caldwell, Ida.; Butch Tuning of Burns. HuKgrandfathcr also lives in Caldwell, Ida. 3 Area Youths To Participate " -In OSC Institute OREGON STATE COLLEGE, Corvallis (Special) Patrick M. Fitzgerald of May Park, Larry J. Anderson of 2009 East Penn, and Stuart Croghan, Route 2, Elgin, will participate here June 14 to 27 in the Junior Engineers and Scientists Summer Institute, two week orientation on career possibilities and study programs in engineering and science. Fitz gerald and Anderson attended La Grande High school while Cro ghan is a student at Elgin High school. A total of 162 outstanding high school boys from Oregon, Wash ington, and California have been selected to attend the fourth an ual JESSI because of their high scholarship and the recommenda tion of their high school princi pals. The two-week course of study covers all fields of engineering, mathematics, physics, chemistry, zoology, geology, bacteriology botany, and modern languages. OSC professors are instructors and the boys are given an oppor tunity to visit campus research laboratories and see specialized research and training equipment. danger signal, the bank finds the present relationship is just the opposite. "Sales have been cumoing iasier than stocks on hand," says the bulletin, "so that the inventory sales ratio has fallen to the lowest figure in several years. Cleveland Trust adds a tew more plus signs conunuea rise in personal income, strong con cumnr iloni.mfi stimulated by in creased borrowing on installment, evival in automobile sa.es ana production, aid expectations of a record year for the construction industry. The bank measures the rise and fall of outDiit in the preceding three periods of recession. Re covery from the decline 01 lazj-ii for 32 months: for the one of 1048-49, 45 months, aid 1953-54, for 36 months. Increases in these from the highs to the Inws Amounted to 33 per cent, 46 per cent, and 18 per cent respec tively. Purchasing Powor Up -t Tim hnnlc reveals that average apnual income of American fami lies hefore federal income lax was $6,220 in 1958, against $4,130 in 1947 on the basis or a commerce Department survey. While Im provement has been partly nul lified by higher prices, it finds, it is still evident in terms of real ntn-h.icinf nnupr n factor seen in the financial district as a number one aid to further business recover. Ailillno the textile industry to the list of tlwse that have made good recoveries from the reces sion bottom of a little more than a year ago, just about makes the uptrend unanimous, and. hence favorable marketwise. Thp unfavorable develonment noted government bonds shows hmv the holdinL's of banks have risen while that of non-bank in vestors has declined. Raising Iimi.iI interest limits on treasury securities presumably would at tract more Buyers, the Dank ventures. Toastmasters Vote Summer Vacation T.a Grande Toastmasters voted a summer vacation at yesterday's trecting. Keguiar meetings win be resumed on September 15. Augy Sperling, Ralph Ward and Clarence Hills were speaker? uith Kellv Mnnre. Milo Van Ulok- land and Mel Loree as evaluators Frank Cooke was toastmastcr with VanBlokland presiding at the meeting. i J.il I.I.IU jwm s 0 REMEMBER, FATHER'S DAY IS JUNE 2 1st. Camping equipment and supplies. Line Hooks Lures Leaders ( mmme j jm lll-j l-j err you HP in dJ jTi 1 1 1 1 1 1 fiTi fl IU Poles Neis e Tackle Boxes Outboard Motors - Sleeping Bags Rifles - Pistols - Knives - Axes Everything The Sportsman Needs Ford Caravan Visit Due Here Re-enacting the 1909 transcon tinental race, Ford Motor Com nany's 50-millionth vehicle lead inii a "Caravan of Progress" is scheduled to arrive in La Grande at 4 p.m., Saturday, June 20 The caravan will be met by Claude Hand, local Ford dealer, and will be displayed on Depot Street between Adams and Wash ington. After brief welcoming ceremo iiics, the caravan will take part in a civic dinner that evening and will host a reception for the Ore aon Newspaper Publishers Assoc iation at the Sacajawea hotel. Also included in the exhibit will be a 1903 Ford and a model if Ford's experimental Lcvacar, i wheelless vehicle that moves nver the highway on a film of air. MORE SPORTS Kriegar, Stearns Tie For Medalist PORTLAND UPIl Don Krie ger of Columbia Edgewater and Dick Stearns of Eastmoreland tied for medalist honors Tuesday in .the second and final day of Oregon Golf championship quali fying rounds at Tualatin Country Club in Portland "with 143's. Both golfers were one-over par for the 36 holes. Par ,for the course is 142. Matt Hatala of Portland's Col wood Club was one stroke behind the leaders with 144 and John Dunkin of Oregon State and Bill Langley of Portland golf club fin ished with 145. Krieger shot 72-72 and Stearns toured the course in 70-73. The two Portlanders will play off for med alist honors. . In Women's match play action Tuesday Mrs. R. L. Borst defeat ed Oregon junior champ June Robinson of Tillamook 4 and 3. Shirley Englehorn of Caldwell, Idaho defeated Portland city champion Elaine Porrit 3 and 2. Defending titlisi. Gracie Demoss of Corvallis defeated Mrs. Thomas Harrison Jr. of Waverley, Port land, 5 and 3 in other champion ship play. Joint Satellite Plan Proposal WASHINGTON UPI) The United States was reported ready today to propose an agreement with Russia and Britain for joint lv launching 12 earth satpllltes that could police a ban on high- altitude nuclear tests. Officials said that the U.K. nlan would be presented next week to the East-West scientific confer ence at Geneva on ways of de tecting nuclear tests above the at mosephere. The conference starts Monday. Wolfgang Panofsky, Stanford University physicist, will present Sports Briefs CULMONE WINS FOUR OCEANPORT, N.J. (UPI) Jockey Joe Culmone booted home four winners at Monmouth Park Monday, including Minsing, a $52.80 victor in the featured sev enth race. IOWA CAPTAINS NAMED IOWA CITY, Iowa UPI) Halfback Ray Jauch of Mendota, 111., and Don Norton, an end from Anamosa, Iowa, have been named co-captains of the 1959 Iowa University football team. WINS PRINCETON AWARD PRINCETON, N.J. (UPD Johnny Heyd of Salisbury, N.C., ias been named winner of ' the William Winston Roper trophy, Princeton University's highest ath letic and academic award. Heyd was an outstanding halfback on the Tiger football team and was captain of the lacrosse squad. HEMUS ON INACTIVE LIST ST. LOUIS UPH-St. Louis Cardinal Manager Solly Hemus went on the inactive list Monday, making room for bonus rookie outfielder Jim O'Rourke in the lineup for tonight's two-night dou- bleheader against the Philadel phia Phillies. TO COACH BRITISH WOMEN LONDON (UPD Doris Hart of Coral Gables, Fla., 1951 Wimble don tennis champion, will coach British women in their effort to retain the Wightman Cup. Britain won the trophy from the United States last year after being on the losing end for 28 years. Car Registration Renewals Are Due The Oregon Department of Mo- tur Vehicles today reminded mo torists whose auto registrations expire in June to apply for re newal before the end of the month. Failure to do so may mean a fine which could cut into the fam ily vacation budget. Applications for car plate re newals arc being accepted by de partment branch offices and tem porary issuing - agents in more than 60 Oregon communities. Car owners who do not live close to a branch office may make application by filling out the cur rent registration and mailing it with the $10 fee to the Salem of fice, 1905 Lana Ave., N.E. Close to 85,500 passenger cars are up for renewal by June 30. More than 4,300 new registrations are expected this month. . Launching Is Expected , the proposal, tie neuueu a w-muu Tl C nnmmirtMl SPt UO tO StUd' detection methods above a height of 30 miles. The committee's report said the io ctoiiitos which would blanket the earth and be in orbit at all times, could adequately detect with sensitive electronic equip ment any high-altitude explosion. However, they would be unable to pinpoint where the blast occurred. The satellite system would mon itor the fourth area where nu clear test shots might be set off. The United States, Russia and Britain previously have agreed that a network of 180 stations would be able to monitor most underground, surface- and within-the-atmosphere tests. Under the U.S. proposal, it was reported, six of the satellites would be sent into orbit at 600- mile altitudes, spaced and timed to cover all the earth area below them. The other six would be rocketed into 40.000-mile-high orbits, 16 times higher than any satellite launched thus far. They would be on guard for any clandestine shots conducted in the area between the sun and Mars. CABINET WORK . To Meet Every Needl Residential Commercial Industrial ' Miller's Cabinet Shop Greenwood and Jefferson v Father's Day Specials Plain and Diamond 1 LODGE RINGS Handsome lodge mm fakne emblems set in M Q93 14K gold. Tax Inc. From fom 14.95 MEN'S WRIST WATCHES Jeweled, Monogramed and Plain Cuff Links, Tie Bars, p5 Money Clips & Sets From 3.85 Tax Inc. MEN'S CIGARETTE t QC LIGHTERS from -Ci.513 LAURENCE'S JEWELRY CONVENIENT CREDIT TERMS Adams & Depot WO 3-5982 CHILD'S COLOR PORTRAIT cot LPAV LESS LDRGitS TT03G MOTHER . . . BRING THE KIDDIES, AGES 2 WEEKS TO 7 YEARS INCLUSIVE 1-P0RTRAIT FREE PER ' FAMILY! additional CHIdren of Any Age Will Be Taken $1 T A lor Cnly YOU WILL SEE 3 FINISHED COLOR PICTURES FROM WHICH YOU MAY CHOOSE ONE FREEI "at V- I "JUST WHAT MY DADDY WOULD LIKE FOR FATHER'S DAYI" POPULAR CHILD PHOTOGRAPHER WILL, BE AT PAY LESS Thursday Friday ic Saturday June 18-19-20 9:30 A.M. To 6 P.M. TO TAKE YOUR CHILD'S COLOR. PORTRAIT WITH NO OBLIGATION TO YOU IN ANY WAY! I SHOP & SAVE AT DRESS YOUR CHILD IN BRIGHT COLORS AND BRING THEM TO PAY IESS PAY LESS FOOTS THE BILL IN APPRECIATION OF YOUR, PAST PATRONAGE-NO APPOINTMENT NECESSARY 'V.