Image provided by: University of Oregon Libraries; Eugene, OR
About La Grande observer. (La Grande, Or.) 1959-1968 | View Entire Issue (Sept. 8, 1959)
'11- 5 r , - 4 ... I, J"' 4 t f . AH I .- r - ' tw 1 w r 2 4 "4 V . " ' ..... ' Observer, La Grande, 0r., Tuet., Sept. 8, 1959 Page 3 farm news' rounduT ' "' 'Pilot' Food Stamp Plan To Feed Nation's Needy fit X, . 5.1 1 t f 'A . .S 'I 7 Vi ti .lf-4, ,A I I. I "I : i 111 RULES PENDLETON ROUND-UP Vicki Pearson, 18-year-old Queen of the 48th annual Pendleton Round-Up, beams as shehugs her favorite mount, Star-Bar. A love of animals comes naturally to this Pendleton miss, who is a real top hand on her fath er's cattle ranch. Queen Vicki and her court of four lovely princesses will reign over the 1959 Pendleton Round-Up, Sept. 16-19. BONDS ARE NOW IN AS MUCH DISREPUTE AS STOCKS WERE By ELMER C. WALZER current uncertain markets. Wall UPI Staff Writer Street isn't as sure of what's NEW YORK i UPI 'Ten years ahead as it prof. sscd to be not ago, industrial stocks were sou points below their recent high and no one cared about them. Volume was light with sales for all Of 1949 a mere 272,203.420 shares, representing a turnover of 13 per cent of the stock listed. ' Daily sales averaged a little more than a million shares. The average of all stocks sank to $35.23 a share, while bonds were at 102.43 per cent of par for the whole listed market. Stocks' were in disrepute. No one wanted them. And no one seemed to care a hoot about the market. Things have changed in the decade since then. Now bonds are as much in disrepute as stocks were in 1949. In looking back 10 years, any one could conclude today that this was the time to buy one's head off. The old adage of Wall Street is to buy the market when no one wants stock, and sell when everyone wants them. Unsure Of Future People today are very much interested in stocks even in the Jet Airliner Wing Section Strikes Woman LOS ANGELES i UPI I A 28-year-old housewife apparently was struck and knocked unconscious by a small wing section that broke off from a Boeing 707 jet airliner Monday night while she was in the backyard of her home. Mrs. Evelyn Gessler was found sprawled unconscious by her hus band, Gilbert. Beside her was an aluminum airplane section meas uring about 30 inches in length. 20 inches wide and 4 inches Uiick. It weighed about five pounds, dep uties said. Gessler said his wife must have been lying unconscious in the yard for about an hour. Mrs. Gessler was taken to Haw thorne Hospital where her condi tion was reported as good. Doc tors said she apparently suffereJ only a severe bruise and possible concussion. An American Airlines spokes man said the section apparently was part of an outboard flap from the left wing that fell oft iu tiignt 75 plane arriving at International Airport non-stop from Washington with 96 passengers and crewmen aboard. He said the cralt was flying at about 300 to 400 feet who pilot Capt. William A. Miller felt a slight shift in the plane s balance such as would be caused by loss of the section as he was bring ing it in for a la ".ding. He said the landing was normal and at no time endange-ed. long ago. but the overall average of market comment is still far from bearish. Mass psychology on the ma-ket is an interesting thing to watch, difficult to measure, and as con trary as the old. ruminator, Humphrey B. Neill, publisher of the Neill Letters of Contrary Opinion. Neill likes to tell a story about this psychology that aptly illus trates the mood of the public. Back in 1949, Life Magazine gave the old Vermont ruminator a big splash carried his picture at his typewriter clad in a loud checked shirt. At the same time with everyone pessimistic and Ex-Cohvict Turns Tables On His 'Pals' LOS ANGELES UPI -A 44-year-old ex-convict walked into a liquor store with a gun and an nounced, "this is not a holdup. call police, officers reported today. James Macklin, paroled from San Quentin Prison, told police two ex-convicts kidnaped htm, held him prisoner for 12 hours and beat and. burned him with cigarettes to force him into the robbery. He said the men wanted him to rob the store so he could repay a $75 debt he owed them. "They drove me here, forced the gun into my hands and made me cpme in here to hold up the store, said Macklin. "I just couldn't go through with it. 1 don't like that San Quentin jailhouse and I don't want to go back there." Police a short time later on Sun day night arrested Harris Dibbles. 34. a"d Anthony Hart. 24, on sus picion of 'robbery and kidnaping Both denied any knowledge of the scheme. WASHINGTON U'P1 Cdn.t. sional conferees will try to work out a compromise extension of the government s oversea furni surplus disiiosal program belweon differing Senate and House ver sions. The measure also is likely to provide for a "pilot" food stain;. plan to help feed the nation's needy persons. The Senate Monday approved a three-year, to.415.OUO.000 extension of the disposal program and a test food stamp plan. The House, which previously voted a one-year $1.800.000,UOO dis posal program extension, refused to accept the Senate version. This sent the legislation to a confer ence committee. The present surplus disposal law- expires Dec. 31. WASHINGTON (UPH The nation's food markets soon may be selling eggs which carry both a government grade and a dating stamp. Under a new federal grading program eggs produced and han dled according to new government standards will be able to qualify for a new grade called "fresh fancy quality." When the program goes" into ef fect, graders who put the new stamp on an egg carton also will put on a date. The date will set a 10-day limit on the time in which the eggs must be- sold to keep the "fresh fancy qualify ' label. WASHINGTON (UPD Govern ment economists report that milk production is moving closer to a Standings By United Press International bearishness rampant In Wall Street, Neill took a contrary standpoint. Those who heeded him got rich. Friends told Neill the story would bring him fame and lots of letters. The letter stuff didn't materialize. No one cared about the market. "From the mSss-psychology angle," he says, "this lack of ex citement over the article bore out the sentiment which reflected in the dull and drooping stock mar ket. Nobody could care less, it seemed then, about Wall Street. "But many cared later be cause they had not cared more in the spring of 1949."- Different Story This Year Now comes the other side of the story. , This year. Time Mag azine ran story about a dancer who was reported to have made $2 million in the market. He said he reread two books every week, including one Neill had written in 1931 and was out of print for 20 years. This time Neill received hun dreds of tetters. There was a clamor to find out about his hook "Tape Reading and Mar ket Tactics." There was a rush for Gerald Loeb's "Battle for In vestment Survival," also men tioned in the article. Offers are being made by publishers to re print both of them. "The reflection of sentiment could not be more contrary, more diametrically opposite,'1 says Neill. "The ruminator there fore ruminates over the nation that this experience may be a warning sign of the times. But as with all such signs, the time clement is missing." San Fran. Milwaukee Los Angeles Pittsburgh Cincinnati Chicago St. Louis Philadelphia National Lagu W. L. Per. 77 60 .562 74 74 71 66 65 64 59 CB 63 63 68 71 70 75 .540 3 .540 3 .511 7 .482 11 .481 11 .460 14 424 19 habnee between supply and de mand, v They said that manufacturing milk prices were likely to remain ahnv? support levels for some time this fall. Anolher federal report indicated that the manufacturing milk sup port program has a lot to do with prices for fluid milk. This report said that if there were ro snpo-s for manufactur ing milk. Iluid milk price would drop in practically every market despite a better supply-demand balance. WASHINGTON U'PD-A study by the Health. Education, a.xl Welfare Department showed today that health ailments limit the lives of more farm dwellers than city duellers. In towns and cities, the study found, fewer than 10 persons in every lou suffer from conditions whith limit their work or other activities. i In rural farm sections, the num- oer of persons whose activities are limited by health conditions is nearly 12 in every loo. Officials who made the study blamed I lie difference on the fact that farm work generally is hard er ihan city work. 1960 IS AN ELECTION YEAR Not All Congressmen Are Happy About The Gas Tax By FRANK ELEAZER UPI Staff Wrltw- WASH1NGTON tUPD Our highway program, the witness said has run out of gas. And Rep. Clarence J. Brown iR-Ohiol said he for one was mighty disappoint ed In the House Ways & Means Committee, which was trying to get it pumped up. True, the coiumitttee had come up with a plan to keep the con crete pouring on those new coast-to-coast freeways. Brown conceded that's what all his correspondents seem to want. But ho noted that the committee was proposing to make people pay for the new roads through an extra penny a gallon tax on gaso line they burn riding around on the old ones. That, said Brown, is just what most of the folks he's been hearing from definitely don't want at all. Ways & Means Chairman Wil bur Mills iD-Ark. . appea-ing be fore the rules committee to get the highway bill cleared to the House, said regretfully that the magic formula which so many of Brown's friends are demanding is just what his committee tried to devise. Couldn't Do It But they just couldn't do it, he said. As a result, we'll all be paying an extra 15 or 20 cents per tank ful of gas, starting in ' another week or so, depending on bow fast Mills' new tax plan can be Drivers Warned To Be Careful Of Children CUT SHORT STRIKE COLOMBO. Ceylon i UPI i Post al workers cut short a strike here Wednesday night after Premier S.W.R.D. Bandaranaike threat ened to call out the army to take over their jobs. The walkout de layed mail and telegraph scrv ices. Monday's Results Milwaukee 5 Pittsburgh 1 (1st) Milwaukee 4 Pittsburgh 1 2nd Philadelphia 6 Cincinnati 4 San Francisco 4 St. Louis 2 Los Angeles 7 Chicago 1 t night American League W. L. Pet. CB Chicago ; Cleveland Detroit New York Baltimore Boston Kansas City Washington . 85 52 80 56 69 69 68 69 66 79 64 74 .588 "4'. .500 164 .496 17 .489 18 .464 21'? 59 76 .437 25 56 82 .406 29a Grande Ronde Affected By Low Runoff The Grande Ronde River here was one of several Pacific North west streams affected by low run eff, according to a U.S. Geologi cal survey. Also affected by low runoff were several key water wells, one area pinpointed at La Grande. Runoff in August was high in a number of scattered basina, mostly in the northern half of the Pacific Northwest. The John Day and lower Willamette rivers had low runoff. Mean flow of the Columbia Riv er at The Dalles was 114 oer cent of average for last month in the 15-year period of 1938-52 after mak ing adjustments for storage changes in eight major power res ervoirs in the Columbia River sys tem and pumpage to the Colum bia project frcm Grand Coulee. total August-end storage in these reservoirs was about 710.- 000 acre-feet more than last year and about 4,009,000 acre-feet more than average In the 10-year period of 1947-56. With back to school time in La Grande, Police Chief Oliver Reeve issued note of caution to motorists and children riding bi- ycles to and from school. Reeve warned motorists that accidents are leading cause of death to sehool-age children. Mure than 2.500 children, rang ing in age from five to 14 years are killed annually in accidents nvolvuig motor vehicles. Twenty- four fatal accidents were record ed in Oregon during 1058. Additionally, more than 150,- 000 children in this age group are injured in motor vehicle mis haps. The total for Oregon In 1958 was 1.609. Monday's Results Baltimore 8 Washington 0 (1st gm) Wash. 8 Balto. 1 2nd gm, 10 inns Cleveland 15 Detroit 14 (1st gm Cleveland 6 Detroit 5 (2nd gm Chicago 2 Kansas City 1 (1st gnu Chicago 13 Kansas City 7 (2nd gm) Boston 5 New York 4 Pacific Coast League W. L. Pet. Salt Lake Vancouver San Diego Spokane Sacramento Portland Seattle Phoenix 81 77 74 74 74 72 72 63 .551 .535 .503 .503 .503 .493 .486 .420 CB 2' 7 7 7 8i ' 18i Monday's Reusults Seattle 3 Portland o (1st game' Portland 3 Seattle 2 (2nd game) Salt Lake 6 San Diego S -Sacramento 10 Phoenix 4 Spokane at Vancouver, post poned, rain. Final Northwest League Standings oy united Press International W. L. Pet. GB. Yakima 40 31 .563 .. wenatchee 39 31 .557 Lewiston 39 32 .549 Eugene 35 38 .479 Tri-City 30 40 .428 Salem 30 41 .422 Monday's Results Lewiston 3 Tri-City 2 Lewiston 15 Tri-City 5 Wenatchee 3 Eugene 0 Eugene 6 Wenatchee 3 Yakima 5 Salem 1 Yakima 3 Salem 2 1 6 9't 10 rOORE BUSINESS FORKS McGIasson's " STATIONERY II n ., 5 L f si Thrifty folks use our BUDGET PLAN . By spreading the cost of your heat ing oil over ten monthly payments, our budget plan does away with old fashioned seasonal heating bills-and no interest or carrying charges are added, i .i ' . Voil MY with Standard Furnace Oil because Its Detergent-Action cleans your burner as it heats your home gives low-cost oper- Standard Stove Oil STANDARDA gives you more heat NUT I at Old Tor your money in yuur circulating heater. Indian Reservation Road Bids Slated PORTLAND fSpecial) Port land area office of the Bureau of Indian Affairs has called for bids on grading and surfacing of 10. 234 mies of roadway on the Warm Springs Indian reservation in central Oregon. The road work will be done on what is known as the Warm Springs MeUilius and Seeksequa Trail roads approximately 10 miles south of Warm Springs and will connect the Jackson Trail road in Eastern Oregon Ahich is presently under con sfruction. The road improvement is tin portant to the reservation tor timber access, fire protection farm-to market, administration and travel of the general public and will provide extension of school bus route. Bids will be publicly opened at 2 p.m., Sept. 22, 1959, in the Portland area office of BIA, In terior Building, 1001 N.E. Lloyd Blvd., Portland 8. Civil Service Jobs Listed U.S. Civil Service openings for qualified applicants have ben an nounced through the 11th U. S. Civil Service region, Seattle. Positions open include super ising airpline pijot (Air Force Reserve tchnician), $8,330 year ly: fish hatcheryman helper, $1.75 an hour; male clerks, $2,060 to $3,495 a year; naval architect, 4,490 to $8,810 yearly; digital computer programmer, $4,980 to $7,030 yearly; peripheral com puter equipment operator, $3, 495 to $4,040 a year; digital com puter systms operator, $4,980 to $5,985 a year; digital computer systems operation supervisor, $7,- 030 a year; card punch operator, $3,495 a year; tabulating equip ment operator, $3,495 to $3,- 755 a year; tabulation equipment nroject supervisor, $3,755 to $7,- 030 a year; tabulating project planner, $4,040 to $7,030 a year; equipment operator, $2.22 to $2. 56 an hour. Examination for the position of male clerks closes next Wednesday. EAST GERMANS FLEE ESSEN, Germany (L'PD About two-million East Germans have fled to West Germany since 1950, the Institute for Economic Re search reported today. nc For prompt I0USWAMU service, cod R. LISLE SMITH Li Grande, Oregon Ph. WO 34711 IPOKJMG for Something?! You'll find Hie products. Services, firms ind store you need listed In the Yellow Pifts ef your Telephone Directory. tommmnttm in Ik U.8.A. "The solution to this problem lies with the parents," Reeve stated. "Parents should toacli their children to stop, look and listen before crossing streets and rail road tracks. It's not old fashion ed to be safe." Reeve said. The chief also suggested that motorists keep their cars in good oondilion. Tires and brakes should be given special attention with winter coming and slick streets creating hazardous conditions. Motorists should drive slowly near schools and slow down in areas where children arc walk ing or playing. "Remember, expect the unex peeled from children,' said Reeve Children riding bicycles were also cautioned by Reeve. It is necessary for bicycle riders to obey the same traffic regulations as motorists. Bike riders are re quired to use the same signals and to stop at all signs and lights, according to Reeve. A city ordinance also requires that bicycles have a headlight and tail reflector for use after drk. A set of rules regarding the safe operation of a bicycle are available at the police station and available on request. The chief urged children to get a copy of the rules and practice them:' "' Representatives Of Oil Industry Here Local Oregon Oil Information offcials will host representatives of the (state O.I.C. Thursday at C 30 p.m. at the Sacajawea Hotel J. J. Spousta, vice chairman for speakers and films, will head visiting delegates during which time plans will be laid for spe cial observation of the petroleum industry s centennial anniversary. shoved through the House and Senate. The alternative, said Mills, is to quit letting new highway con tracts and to halt work on some already let. The Highway Trust Fund, into which motorists have been dropping 3 cents per gallon of gas since 1956, is about to go broke. Some of the rules members seemed to think this was sort of peculiar. Rep. Homer Thornberry (D Tex.) said he heard a lot of mon ey was wasted, on things like roadside "rest aroas," each cost ing $51,000. Rep. Ray J. Madden tD-Ind.i said he bet the program was infested with crooks. ' Hat Self to Blame Rep. Gordon II. Seherer It Ohio , speaking for the Public Works Committee, said sure there had been some waste and some fraud, this being history's biggest public works program. But he said Cong-ess itself is to blame for the fix the trust fund is in. He said the lawmakers started out originally to build 40,000 miles of new suier highways. With the federal government putting up 90 per cent of the cost, and the states 10, he said Uncle Sam's share was estimated at 24 billion dollars. Uiter. he said, the lawmakers added l.ooo miles to the system. He called these "political miles." Meantime, he said, construction costs, like everything else, were on the way up and the govern ment's share now is estimated at 3T billion. Says Fouled Up He said Congress really fouled things up last year when it got the jitters about the recession. He recalled that it ordered spending stepped up, and said we now have run through the money. Rep. Henry S. Reuss (D-Wis.) got the floor to say he had a help ful amendment. It would raise the road money we need by cutting the depletion allowance enjoyed by oil and gas producers when they pay their taxes. 'i Madden said since taxes were being discussed, why didnt Mills close up other loopholes in the law? He said a lot of rich (oiks aren t paying their fair share. He mentioned 22 "fat cats'-' in steel. He said something about profita ble "stock options." He spoke un kindly of fast tax write-offs. Possibly Madden had more on his mind, but Brown managed to get in a word. Brown said he be lieved Madden was confused. The congressional elections, he said, are not this year; they come in I960. GLASS Window, plate, auto aits' Thermopene in stock. GLAZING SERVICES Minor's Cabinet Shop Have your - Furncce Serviced now DON'T WAIT for chilly weather tp have your heating equipment put in top working condition for the winter ahead. Make sure you'll have heat and comfort when you need it by calling your heating contractor. He can get your furnace ready for the winter now before the usual rush begins. Here's what should be done to put your gas heating system in top condition: . Qaaa knars mi keattaf areas. V Owdh ffcarajasHt ens' el cealreh, V Otw aae el Mower, awter sad Mriaa, parts. ClMCfc VMfV Met SeT SeMteMMiaW ww NSW N ww pnnmb ttKk MrttT tspply Iwtl M fct Vw tyttMMa Vhsattt nualili avtefetiei hear seta, eilcMwt, . Iraaab fceo aaenrHaa, ' V U$ Itw afcf after . aeft aarrkW mi laaeicfl You'll find the name of Heating Contractors qualified " to thoroughly check and adjust your ' heating equipment in the . classified section of your telephone I directory. , . l5f CALIFORNIA-PACIFIC W UTILITIES COMPANY VAV .V.lll :tl JieiJI 1 :l !i;i IVliiiiiimia .,-. - - for the tops in IV entertainment watch "Playhouse 90'