Market Quotations Observer, La Grande, Ore., Frl., Sept. 18, 1959 Page 8 NEW YORK STOCKS NEW YORK UPH SlcxkJ ex tended Thursday' late decline I to Z points today, but trading re mained on the quiet side. r.irclronics Issue again were the heaviest loser, paced by a drop oi nearly 9 points in Gen eral Tiino. Litton dropped 2 de spite a stock split proposal, and Zemin and IBM both lost about I DuPont lost 2 and Allied Chemi cal a point in the chemicals to help lower the industrial average Oils were mostly lower with Kith field down more than 1. Moto-s moved fractionally lower. Ameri can Home Products rose 'i ii. the drugs, while Vick lost "t. Steels were mixed. Lukens add ed a point aid Youngstown t fraction, while U.S. Steel and Bethlehem both were down about Miscellaneous features included Goodyear, Goodrich, and Interna tional Silver, all down around a point, and U.S. Playing Cards, up 1. Cal Phippens Of Elgin Back From Vacation ELGIN (Special) Mr. and Mrs Cal Phippen returned home Satur day from a vacation. They visited her son and daughter-in-law, Mr and Mrs. Jesse Trump, of Oregon City. They attended the Centennial Exposition in Portland and also picked and canned 46 quarts of wild black berries. Guests of Mr. and Mrs. Ivan Churchill over the weekend includ ed his mother, Mrs. Mae Churchill. and his brothers Paul and Chester of Vancouver, Washington. Mrs. ChurchilL's mother, Mrs. Annette Obcrt, returned to Wash Ington with them and will visit her son and family at Battle Ground Mr. and Mrs. Dick Adams of Sutherlin were weekend guests of their parents, Mr. and Mrs. Bill Adami, and other relatives. Their parents returned home with them Sunday for a visit. Mr. and Mrs. Brigg Blumcnstein and their son-in-law and daughter, Mr. and Mrs. Frank Smith of Bremerton, Washington were week end guests of her mother, Mrs. Stella Witty. They also atended the wedding of her nephew, Elwyn Bingaman to Shirley McKinnis of Imbler, Saturday evening. Mr. and Mrs. Mike Snyder and daughters of Waitsburg, were weekend guests of her parents, Mr. and Mrs. John Gekclcr. Mike Guliow Wins Mike Gulznw, Roulo 2, La Grande, placed in the red rib bon group in the junior tractor operator's contest at the Ore gon State Fair in Salem last week. Gulzow's trip to the fair was paid for by the Union County Implement Dealer's Association. SKELTON HOSPITALIZED SANTA MONICA. Calif. (L'PH Physicians said today that comedian Red Skclton. 46, proba bly will be released Monday from St. John's Hospital where he has been resting since he returned last weekend from a personal tour of Japan. Doctors said Skclton was suffering from extreme phy sical fatigue. RED WRITER BANNED ' LONDON UP1 The United States refused a visa to Frank Gullet of the London Daily Work er who wanted to cover Premier Nikila Khrushchev's tour, editor George Matthews of the Commu nist newspaper said Thursday. Matthews said he was advised of the rejection by telephone from the U. S. embassy. PORTLAND DAIRY PORTLAND IT1 Dairy market: Eggs To retailers: Grade AA extra large, 5l-34c do : AA large, 48-5(lc; A largo, 4447c : A A me dium, 38-40c; A A small, 26-28c, cartons 1 3c additional. Butter To retailers: AA and grade A prints, 70c lb.; carton, lc higher; B prints, c. Cheese (medium cured) To retailers: A grade Cheddar single daisies, 41 -51c: processed Ameri can cheese. 5 lb. loaf, 40-43. PORTLAND LIVESTOCK PORTLAND IL'PD (USDA) Livestock: Cattle for week 2G00: choice steers 28 25 28 33, mixed good- choice under 1100 lb. 28; good 26 50-27.50; standard 24-28; mixed good-choice heifers 27-27.25; good lots 25.50-26.50: cutter-utility 16- 21; utility cows 16-17.50; canners cutters 12.50-14; utility bulls 22-23 Calves for week 465; vealers strong to 1 00 higher; good-choice vealers 27-32; cull-utility 13-22; good choice stock calves 27-30, common and medium 19-26. Hogs for week 2200; late "trade 50-75c lower on butchers, mostly 00 lower on sows; 1 and 2 butch ers 15.50-16; mixed 1, 2 and 3 lots 15-1525; heavier and lighter weights 13-15. Sheep for week 2900; slaughter lambs weak to 50c lower; bulk high-good and choice woohtl spring lambs 19-19.50; few choice early 20; good-choice shorn lambs 17.5018, few 18.5r-Washington range lambs 20.50 with 60 head at 19; ewes 2-4.50. ; Nikita Feud With Nixon Continuing WASHINGTON UP1) Soviet Premier Nikita Khrushchev and Vice President Richard M. Nixon are continuing in this country the bristling battle of words they started in the famous Moscow "Kitchen" debate. . - Khrushchev said Wednesday he would "swear on the Bible" that Nixon was wrong when the vice president stated in New York that Russia's successful moon hit was preceded by three failures. The Soviet leader challenged Nixon to take a similar oath on a Bible if the vice president thought his account of the failures was correct. Nixon hud no comment on 1 Khrushchev's challenge. Report ers questioned him when he left the Russian premier's dinner for President Eisenhowor at the So viet embassy Wednesday night. Asked if he stuck by his state ment of the failures, Nixon grinned broadly, shook his head, and replied, "no comment." Khrushchev, apparently still smarting from Nixon's barbed re marks during their spirited de bate in the kitchen of the model home at the U. S. exhibit in Mos cow, also said the vice president had a very wrong conception" ot the Russian people "and myself." The Soviet premier told report ers at a reccpt;on before his speech at the Nutional Press Club Wednesday that Nixon had his misconceptions about Hussia and its people both before and after his recent trip to the Soviet Union. FRIENDLY GREETING Soviet Premier Khrushchev seems to have said something funny as he gestures and talks to President Eisenhower on the field at Andrews Air Force Base, Md. Khrushchev had just arrived to hold talks with Eisenhower and then tour the U.S. MOORE BUSINESS FORMS HcGlasson's STATIONERY Wallowa Stock Sale Success For Wycoffs By H. H. BUSHNELL Observer Staff Writer WALLOWA I Special ) Monday it rained, but on Tuesday, Sept. 15, blue showed through the clouds and Mr. and Mrs. C. C. Wyckoff took heart over propects for their livestock dispersion sale. Before noon a fair crowd gathered and were fed by the ladies of the local grange. SI Williams, Pendleton, handled the sale, assisted by Sherman Guttridge, Western Livestock Journal representative, and Lyle lloyt, western representative for the American Polled Hereford As sociation. Jack Coleman clerked the sale, and assisting were Mr. Wyckoff and Jean Wyckoff, "Slim" Bohma, Kenneth Keeler, Leo Gor bett, Dallas Johnson , Audas Bcchtel and Hubert Johnson. The first offerings were 1.16 registered Hampshire sheep. FFA and 4-H club members picked carefully. Top ewe brought $77.50 and several rams averaged 155. Forty - eight double registered Polled Herefords brought livelier bidding. Pierre Rcnouf topped the sale with a winning $600 bid on a good, mellow cow. Cow and calf average was $350. Pulls averaged $325 with Wayne Wolfe picking up the top at $350. Bill Wolfe took the top -heifer at $290. Wayne Wolfe was the largest buyer, tak ing home 1G head. On Jun 1. 1958. 75 industrial raw materia's in government stock Diles. cost about $8 billion as compared to $5.2 billion for farm products. Linda Elmer Wins Fair Cook Honors With Swiss Steak Linda Elmer, 15, daughter of Mr. and Mrs. Harvey Elmer. Alice), proved to be the best jun ior cook at the Oregon State Fair by serving the champion swiss steak dinner in the junior dollar contest. Linda s menu consisted of a juice cocktail, swiss steak, bak ed potatoes, sliced tomatoes, peas and carrots, cloverleaf rolls, currant and raspberry jelly strawberry shortcake and coffee. She served the meal to four persons at a total cost of 34 tents per person or $1.35 total. Linda has been active in 4-H activities and has completed five years in 411. She has worked en projects in cookery, clothing. food preservation, health and livestock. Linda received a full scholar ship, courtesy of Safeway Stores to the I960 summer 4 H school. Beware Of Declining Stocks When Ladies' Skirts Lengthen By ELMER C. WALZER UPI Staff Writer NEW YORK (ITU The first issue of the magazine Business Week published on Sept. 7. 1929 proves to Wall Street that when ladies skirts are lengthened you'd better look out for bad business and declining stocks. Business Week in celebration of its 30th birthday has pub lished an exact replica of its first edition and one of the fea ture dispatches Is headlined "skirts come down, tradp picks up." The trade pickup was expected to come from the fact that to make skirts five inches longer would take 250 million more yards of goods a year. Doubtless that didn't pan out in the big de pression that came soon after that headline was written. If you're thinking about this year's styles, the ladies assure this department skirts are going to be short. That's a harbinger of favorable business. Evidently this discovery of short skirts equaling prosperity; long ones indicating a recession or depression wasn't tried and proved in 1929. Early Crises Elliott V. Bell, editor and pub lisher of Business Week, in a foreword In the anniversary rep lica edition, says: "If the publishers of Business Week could have foreseen, in 1929, the events lying just ahead they might well have lacked the courage to embark on such an uphill venture. Fortunately they had no such fatal foresight. "The new publication, a little flip and perhaps naive at first, soon found itself fighting to sur vive in a world of economic chaos. "In the years that followed there was forged, I believe, an organization a staff, a tradition, an approach to the reporting and analysis of news for the business manfar better than would have existed without the chastening of the great depression." If the editors didn't know what kind of depression was ahead, they did know that all wasn't well even though the stock mar ket had just set new record highs. On the first page of the issue, they said: "Security speculation has eaten nearly all its credit cake. Stock prices are generally out of line with safe earnings expectations, and the ma ket is now almost wholly 'psychological' irregular, unsteady and properly apprehen sive of the inevitable adjustment that draws near." In its first issue, Business Week in 1929 noted that the stock mar ket started strong after its triple i Labor Day) holiday. Call money then hovered around 9 per cent. Stock exchange member borrow ing rose to $7,881,619,000, a rise for August of $407 million. Secretary Mellon cut the inter est rate on short-term U.S. gov ernments from 54 per cent to 4' per cent. Business men back in Septem ber, 1929. didn't think the end of the world had come. The first issue of Business Week said under the headline, "Five thousand six hundred business men think: "The average volume of gen eral business in the country as a whole during September, Octo ber, and November will be about 6 per cent better than at the close of August and 5 per cent over the same period last year." And later in the item, the magazine concluded: "continued high money rates particularly for mortgage money and rural credit are retarding business. "The stump in building con struction, excessive instalment buying especially of luxuries and automobiles and increasingly keen competition in the retail field because of chain store develop ment are things to worry about." In an editorial entitled, "Why the Business Week?", the editors noted: "You will find the Business Week always has a point of view, and usually a strong opin ion. Both of which it does not hesitate to express. "You may find a little humor somewhere, if you look sharp. "And all the way through, we hope, you will discover it is pos sible to write sanely and intel ligently of business without being pompous or ponderous. ' Roger Schaad Wins Tractor ;. Event At Fair ' Roger Schaad, 16, son of Mr. end Mis. R. W. Schaad, Rt. 1, I.i Grande, won the state senior factor operator's contest at trjt Oregon State Fair with a ocr of 41)7 points out of i possible 5C0. . The contest included hitching to i stationary piece of equip-' tnent, obstacle course, examina tion of a used tractor and a written examination. Schaad exceeded his nearest (ompetitors by some 30 points and earned his championship over eight other contestants from throughout the state. He received a full scholarship, to the 1960 4-H summer school for his contest efforts. Roger's trip to the fair was paid for by the Union County Implement Dealer's 'Association. OPEN SATURDAY MORNING FOR YOUR CONVENIENCE Paint Products. AccmorUs Class; Builder Hardware MILLER CABINET SHOP Joffonon and Greenwood Wm Sign up on our budget plan . . . pay for your Union Stove & Furnaca Oil in 12 equal monthly payments! ' Quick Delivery! Clean Delivery! Each delivery amount verified by motor ticket LY1I1I ANDERSON, W0 34676 CONGRESSMEN VISIT ITALY MILAN, Italy UP! Nine U.S. congressmen arrived here from New York Wednesday for a two- week visit to Italy as guests of the foreign office. The group, led by Hep. Paul A. Fino (R-N.Y.l included Reps. Silvio O. Conte R Mass.), Dominick V. Daniels 'D- N.J.). John II. Dent ID-Pa ). Ro land V. Libonati (D-Ill.), Emijio Q. Daddario iD-Conn., Dante B. Fascell iD-Kla.l, HoIktI N. Gia imo iD-Conn.i, and Alfred E. San tangclo ID-N.Y.). STEVENS-NESS LEGAL FORMS McGlasson's 1104 Adams BOTH OF COURSEI Actually, both picture ere of Dr. Nolet' 1 3-year eld daughter who hat worn contact lente 16 hours clay for the past two year. And ... the wears dark green tinted contact lenses for swimming and skiing. A dramatic illustration of the cosmetic A psychological benefits to be derived from wearing contact lenses. why net unci the WHOLE girl back to Khool? Convenient Credit We give jf.?f Oreen If em COLUMBIAN OPTICAL CO. JJ5S Main C -7124 - PENDLETON Like to Save Some Money On Your FIRE INSURANCE? Allstate gives you b road protection . . . 0 and substantial (SrZ'h. savings are common urn Chances are you .can get more protection than you have now and save money too! ' Because Allstate's rates are lower than those charged by most other companies. You can get insurance on your homo and its contents against loss by fire, wind storm, and from many other perils. All at Allstate's low rates. 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