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About La Grande observer. (La Grande, Or.) 1959-1968 | View Entire Issue (Dec. 12, 1959)
Top U.S. News Stories Won't Find Stock Markets 'Up There' By ELMER C. WALZER UPI St.ff Writ.r NEW YORK iVi l - l- arc being put together rich now '' the lop new i stories l H'"'J. aid It's almost a su.e-t.iir.g bet you won't find the rat 'on' trillion dollar securities industry the'.. Somehow the markets didn't teem to have the color or the other stuff that 3 to nuke the top-story list. The market lacked the bizarre Of monkeys sailing out into space and returning safely. Il duh't have the spectacular o( a moon shot. It didn't have the romance of a rich youth marrying a gro cer's daughter in a foreign ham let. And, among other things, it didn't seem to catch the fancy l the readers of news to the extent that a Communist premier did on 8 brief visit to the I'nited Slates But the market did many things and it will go down in the his tory of markets as something quite apart from the ordina-y. The 1959 statistics will slum that the New York Stock Kx change's $310 billion stock market did a billion dollars worth of busi ness a week for the year: set a new record high in indu-trials Some 78 per cent above I be lli-ll GOP Prospects For Next Year Look Good WASHINGTON U'PI '-The-e is acknowledgement in unexpected places that the Itepublican party has a bright prospect of electing a President next year. For example, consider a recent speech in Newark. N.J. by Samuel H. Beer, chairman of the De partment of Harvard I'niversily. Beer also is the new national chairman of Americans for Dem ocracy Action i ADA I Beer recalled the Democratic congressional triumph of 1!-B and cited the political fact that there are more Democratic than Itepub lican voters. He added: "The election of IM"H was a massive vote of 'no confidence' in the conservative Hopiihlican administration. Now. a year later many well-informed people are doubting out loud that the Demo crats tan win the presidency next year. . . despite the fact that the leading Republican candidate is one of the bcst'-hulcd political figures in the United States." Party Split Cited Most of Beer's siieech was de voted to a bare-knuckle altack on Sen. Lyndon U. Johnson ID-Tcx ). He fingered Johnson as the man who was frustrating the left wing elements of the Democratic party in their effort to enact a legisla tive program. The siieech itself points up exactly why most Re publicans and some Democrats believe a P.epuulicnn will be elected President in 1900. Republican presidential p'os- pects are bright because the Democratic party is angrily di vided. Whatever the political hate may be for ice President Kich ard M. Nixon, it is no greater il as great and as deadly as the political hate which separates th conservative Democrats ot the HORSEY SET New York model gets on her high hobby horse to tell the world about a new jwimsuit. ":-'m I . :. 5 '- high: and registered its biggest volume since 1929. Volume Btlow 1W Pc. Hut volume earn, far from equaling the 1929 pace either in actual shares traded or in rate of turnover. t - It was a 15 percenter In turn over. The 1929 market turned over its listed shares by 119 per cent To do that this market would have to run at doily average sales turnover of 26,000,000 shares. While the industrials set a new record high, the rails and utilities didn't even come close to the 1929 highs ' which never have been equaled. " - Conservative Wall Street ex pert:, arc glad that h. market of 1959 was nut able to make the top news stones ol 1959. They were glad to sec it run smoothly and without the spectacular changes mat mane mantels page one news. This market, they-' assert, still is an investment market with 13 million investors earning a good return trom their holdings. Late in the year, the electron ics group was giving indications of more than investment opera tions. Gains in these issues ranged to more than $100 a share on the South from the radical Demo crats of the North. Deer made it appear that al most any Democrat being men tinned for the White I louse, would do, excel Johnson. The word here and elsewhere, however, is that ADA s true love affair just now is Sen. Hubert If. Hum phrey D-Minn.t. That figures Humphrey's record on civil rights, for example, would make mm the most difficult for South ern Democrats to accept. Drumfire Against Johnton ADA has been pot shooting at the Congressional Democratic leadership through much of the Kisenhower Administration. Speaker Sam Kay burn and John son were co-targets. The fire against Mr. Sam bas eased off to be concentrated now against Johnson and the possibility that he might be nominated for Pres ident of the United States. Beer would about as - oun have a Itepublican in the White House. In its simplest C terms, the charge against Johnson is that he uses the tools at hand in his job as Seuate majority 'leader. The tools , arc the Democratic chair men at the Senate's standing committees. Chairmanships are won and held under the seniority system.'. The one-party political system in the South puts men in Congress and keeps them there. They have seniority and get the chairmanships. The seniority system is not like ly to -change. Republicans can consider with some satisfaction that Northern and Southern Dem ocrats will be at. each other's throats for com. time to come. This need not greatly damage the Democrats in congressional elections. It is likely to cause great dam dage. however, in presidential years. N. Powder People Visit Relatives In Portland Area NORTH POWDER (Special) -Mr. and Mrs. Bill Taylor and family and Mr. and Mrs. David Cropp and family spent several days in Portland and Tigard visit ing friends and relatives. Mrs, Ida Williams accompanied Mr. and Mrs. Walter McGrath to Payette to spend the weekend re cently with Mr. and Mrs. Russell Williams and family. Mr. and Mrs. Stanley Quinn and daughter,, Carol. Yakima, Wash., visited with Mrs. Laura Shaw, the mother of Mrs Quinn. The purpose of the recent Powder. Valley carnival was to he'p pay for (he athletic equip ment and the new textbooks. The classes look in $274 50. The freshmen sold $81.50; sophomores $151; juniors $32; and the seniors $10. Liquor License Renewals Passed Knur applications for endorse ment of state liquor license re newals have been . approved by the city commission. Hie businesses seeking renew al of licenses are: The Wheel, 10 Depot St., Joseph and Vera Ba bir: Grande Ronde Super Market. 1116 Adams Ave , Worth A. Kp ling; Corner Cuphosrd Grocery. H01 Adams Ave , Alden Bryan and Jane Louise Lung; and the Tropidara, 110H Adams Ave., El mer II. and Betty Lou Carpenter. TO HONOR WRITERS WASHINGTON tl'Pii victor Cchn of the Minneapolis Tribune and Francis Bell, of Fortune mnsann. chosen as the nation's top science writers, will he pre sented $1,000 awards in Chicago Dec IT' by the American Assn for the Advancement ot Silence and 'the Westinghouse Education al Foundation, it was announced. big board. Kairchild Camera ran up more than $3)0 on the Ameri can Sunk Exchange. Little Reckless Trading But the sales volume precluded the assumption that all was sing ulation The market ambled alone at a pace averaging three million shares daily which on the basis of tie 5.600,000.000 shares l.sted was small potatoes and in no way indicative of reinless trading, according to the ma'ket men. The market hasn t k"pt pace with oiher economic indicators when comparisons are made with 1929. While the industrial high was 78 ner cent above that year, the nation's gross national product ran ui to $480 billion, some 360 per cent above 1929. Industrial production this year at its high was 162 per cent higher than 1929; auto output was 22 per cl'n' higher; steel output was 68 per cent higher despite the 116-day strike; instalment credit was up 405 per cent and the cost of living, up 71 per cent. Federal debt is 625 per cent above 1929 and our federal tax bill is some thing like 1,950 per cent higher than it was 30 years ago. The United States Government bond market had enough difficul ty to put it on page one for a lime, but the Treasury Depart ment apparently has solved its problems through makeshifts that permit it to oiwrate in the face of a 4' per cent ceiling on bond interest in a five per cent market. Phone Leads -To Magistrate MII.l.BUKN. N. J. UPI i -Two women who allegedly told a doctor to "go to hell'' when he tried to interrupt their telephone party line conversation to make an emergency call fretted silent ly in court Friday. They will get to tell their side of the story Uec. 18. Dr. Marvin Becker, chief of the Cardiac Clinic at Beth Israel Hos pital, Newark, testified against the women before Magistrate Mil ton Freiman. Mrs. Mary C. Zelinski and Mrs Janette (lousier, both of Spring field, were accused by the doctor of refusing to give up the tele phone in an emergency situation Nov. 11. At the time, Becker said he had been called to the home of Mrs. Catherine Hammerle, to treat her 81 year-old mother, Mrs. Sophie Wetzel, who had suffered a heurt attack. The doctor said that the women were on the telephone when he tried to use the line to cull an ambulance, and told him to "go to hell," when he explained the emergency. . Mrs. Zelinski and Mrs. Ilauslcr were charged with refusing to give up a telephone in an emer gency, a violation under the dis orderly persons law. The cast was adjourned until next Fridav The Postman Always Rings At Least Twice TORRANCE, Calif. UTI Monumental tragedy haunted Mrs. Mary Louise Phillips. She married three times. Two husbands died in automobile ac cidents. Thc third died of disease. She gave birth lo seven chil dren. Four were killed in an auto mobile accident. Two died of dis ease. The 35-year-old woman suffered from cancer and tuberculosis. She was scheduled for surgery next week. Still Mrs. Phillips had not given up hope of finding happiness. She planned to be married last week end But the plans collapsed when an industrial accident look the life of her fiance in thc Kast As an aftermath she called a finance company aid confessed she could not make the payments on her ism car. It was the reossessor who sum moned the landlord and found Mrs. Philliiw lying dead Friday in her apart men t here. Mrs. Phillips left a death note that said she had taken her life with a "good slug of scotch whiskey," eight Seconal pills and dose of cyanide. Roger Schaad Named President Roger Schaad has been named president of the Fruitdale Live stock Club. He replaces Tom Weir as head of the organii:ition Others elected to o'fice were Gordon Schaad. ice president: Karen Patterson, secretary; Tom Weir, news reporter, and Duke Klein, song leader. The next meeting of the cluh will be Jan. 13 BAUDOIN ACCEPTS LISBON. Portugal UP1 King Baudoin of Belgium has ac cepted an invitation to visit Por tugal, the government announced today. No date was set for the visit. r,yA : -:jLl yrAixrr pmmm h ..--. Jr.-: r?.ttttZt.iS SeWe.- ixi-&l M GATHERING OF THE CLAN DEMOCRATIC Harry S. Truman does his best to shake hands with seven top Democrats at once in New York City. Left to right are Tammany Hall boss Carmine G. Desapio, National REMEMBER WHEN ... 25 years ago, Fred Kiddle, La Grande, described a 11,000 mile trip he and his wife had taken which carried them through 35 states, in n talk before the local Itotary. Kiddle described visits with Louisiana Gov. Iluey Long, one of the era's most controversial poli tical figures, and with New York City Mayor La Guardia. Ho also attended the national convention of the American Legion in Miami. The Kmil Gartner f:irm resi dence, located on the Island City road, burned to the ground. La Grande liremi n responded to the call and hcl'd to save th? addi tional farm buildings. . . . 1' ye::rs ago, plans were made by Hie Lions Club to host the cniire La Grande High School football team, its coaches and two student managers. The affair was to be held at the Odd Fellows Temple, with Ralph Jones and Loris Genn in charge of arrange ments. Lions President Horace Nelson issued the invitation. The Tigers also were guests at a dinner event by the Nook and hosted by Mr. and Mrs. Ray Pi ice. Tokyo was the scene of mass civilian evacuation following in tensive aerial bombardment by U.S. bombers. Much of the city was left in flames and ruin. A local couple, Miss Margaret Hall and Aviation Cadet John An derson, was married in the First Christian Church at Bakersfield. Calif. Soviets Push Power Dams SEATTLE i CPU Russia has taken undisputed possession of world leadership in hydroelectric power development. Alex Radin, general manager of American Public Power Association, said today Radin said a 31-day tour of 10 major hydroelectric projects in the Soiet I'nion, convinced him that the Russians are not slacken irg their program of water power development. He said Russia already has in operation its Kuibeishcv dam with 2.300.000 kilowatts. Inn.O.Hi kilowatts more capacity than Washington State's Grand Coulee Dam which was the largest pow er producer in the world only a few years ago. "But Kuibeishcv . . . very short ly will bt superseded by other Russian dams," Ra.hn said. "For example, our group saw Stalin grad U a m. . . which will have 2.M0.000 kilowatts. In Siberia, we saw a dam under construction which will have 4.MHUM kilo watts capacity more than twice the sic of Grand Coulee ." Elect Industrial Group Officers Officers have been elected ,'or lmiO at a meeting of La dr.tnde Industrial Promotions Inc. ' David C. Baum was n.:nird j president of th? corporation I Elected to other positions were Dr. Fred Olten. vice president: William S. Thomas, secretary, and John J. Su'livan. t casiirer PRINTERS WALK OUT ROME i ITU - Italy went without daily newspaivrs today because of a 24-hour strike by printers railed jointly by Com munist and non-Communist un ions following the collapse of ne gotiations for a new contract BLACKMAN HO TRAIN LAYOUT 48"x38" $11.95 HQBBY SHOP FOR HO R R. Pakistan President Impressed Greatly By By PHIL NEWSOM UPI Staff Writer The man-of-the-weik: Gen. Mo hammed Ayub Khan, president of Pakistan. The place: Karachi. The quofe: "never before in the history of men has one single country taken upon itself so much to preserve the peace and free dom of others." Ayub said it during Karachi's civic greeting to President Eisen hower whom he described as the "extraordinary head of an extra ordinary state." It was Ayub's thanks to the United States fur the billion dol lars in U.S. economic and mili tary aid poured into Pakistan since 1947 to keep its anti-Communist Army strong and to give support to its millions of ill-clad, ill housed and ill-fed. ' Have Common Points Ayub and Eisenhower have points in common. Both now hold the highest of fices of their respective nations. Both were one-time chiefs-of-staff of their respective armies, and both were staunch foes of Com munism. In Pakistan, the U.S. has had Viitts-tflA. CHRISTMAS SPIRIT Detective Edward Egan. disguis ed as Santa Ctaus, takes time out from spreading holi day goodwill for more pertinent police duties. Egan (right) fingerprints suspected dope peddler Fred Cot ton, who himself is disguised as a woman, in a New York police station. Cotton was nabbed by "Santa" with $30,000 worth of heroin. Your Savings are Protected Here f you want your money to be jwe, a flood place in keep it is in an insured savings account here. I ach saver's funds are insured up to $10,000 by Federal Savings and Loan Insurance Corporation an agency of the United States Government. Your savings earn a worth- hile return, too. Open vour insured account soon with a convenient amount. We make saving easy and pleasant for von. Pioneer Federal Savings AND LOAN ASSOCIATION OF BAKER 11 12! 2 ADAMS AYEHUZ Chairman Paul Butler, Sin. Stuart Symington (Mo.), Mr. Truman, State Chairman Michael H. Frendergast, Sen. John F. Kennedv (Mass.). Sen. Hubert Humphrey (Minn.) and Gov. Kdmund G. Brown of California. Eisenhower one of its staunches! Asia allies At the conclusion of Eisenhow er's two-day goodwill visit to Pak istan, it became apparent thai Ayub had not gained all he hoped for in his conversations with Eisenhower. But the cheer ing throngs who turned out at every point of Eisenhower's lour left no doubt about either the United Slates' or his own popu larity. What Ayub gained was the pro mise there would be no rcductiun in American aid, and the know ledge that Eisenhower himsell would like to see it increased That would depend on Congress. What he apparently failed to gain was any promise from the President that he would use his good offices in an attempt to set tle the old fight between Pakis tan and India over Kashmir. Other than that, the trip was a total success. Eisenhower praised Pakistan's housing program, and seemingly approved of Ayub's explanation ol his plans to relinquish a benevo lent dictatorship for a return to democracy under a new constitu tion. The United States, understanda ' 'Mil Observer, L Grande, Ore., 31 Junket bly shy of dictatorships, neverthe less has found reason to approve of Ayub. , His policy has been to shake up the judiciary system for faster justice, to work for a more equit able distribution of land, to im pose national austerity and to con tinue a firm alliance with the West. One observer described him as a man "trying to make the coun try pure by whacking it with the Hat of his broadsword." Reminder To All U.S. Tax Payers WASHINGTON (CPU The government reminded taxnuyer today that it prints four booklets to help people figure out how much lliey owe in income taxes. The publication is "Your Fed eral Income Tax," a 144-page booklet lor non-farm individual and lamilies. The publication and one c. lied lax Guide ror Small Business" are available from lo cal offices of the Internal Reve nue Service for 40 cents a copy "Farmers' Tax Guide" and "TaV Guide for U.S. Citizens Abroad'' may be obtained with out charge. Elgin Group Plans Christmas Benefits ELGIN i Special' Knights cf Pythias nut in regular sersion this week wiih final nl.ns fo. mcd for the annual Christmas benefit dance. The dance will h held in ti e Stampcdcr's Hall Dec. 19 with music by the Cascade Troubadors. w f s, F PAY LESS WILL BE OPEN fcSSBHfiAY-Il if" MILK CHOCO LATE COVERED rL:-.i LI CKOCOLATES Reg. 2.oo c l'm SUNDAY g3 SPECI" III 5 1 S,ra'!r-''t'J " I SHHa Sat., Dec. 12, 1959 Page 6 Communists Dislike Santa HKilLIN I ''1 Thc cm munisis di-Uc Santa C'laus even though he wtars a red suit. In i heir eyes Saint Nick is a smuggler who carries contraband goodies a'.-n s the I rot Curiai.i, and with I he apprcacli of the Vulctule. every Communist was u:ged lo be a scrooge. Commu-ist nificials in Kast Berlin ard K.;M Germany a'l- omued they are unwrapping all Christmas packages stuped a.noss the Kast West German f, .i.w.r ,iu.n? into candv hnvet looking inside cookies a id prob ing .canes. Thev also have dispatched sc.uads of snooX'i's to eye travel ers along the Last-West lordjr in a major eflol to Kike all Hie joy cut ot th istmas they can. rted officials have refused most applications for family members split by the Iron Curtain to visit each other on either side of the Kast-West German border. Some observers said the Scrooge mania that hits the Com munists each Christmas can be ep!ai :cd by tiu-ir fears that such cont;.?.s might inflate East Ger man hopes of reunification. QUOTES IN THE NEWS United Press International ELMIfl'KST. III. S;.ite Pros ecutor William Bane-, indicating he was not surprised the ac quittal of Mrs. Willi:; Moniz, mother of five, on charges of killing her husband's mistress: "A mother of five kills her hus band's lover then goes to trial right before Christmas. I hope I ncvir have to try another one like that." LOS ANGELES Gov. John Burroughs of New Mexico, stal ing that he is not a potential can didate for the Democratic nom ination for either president or vice president: "I'm the only one who isn't, I guess. P,ut you couldn't get me out of New Mexico for anything. I like living there too well." CHICAGO Frank Wollney, field service director of the Na tional Poultry lnslitute, noting that Health. Education and Wel fare Secretary Arthur Flcmming's ban o:i chickens treated with a certain sex hormone applies to less than 2 per cent of the na tion's chickens: "We're still taking all steps to see that this doesn't become an other cranlerry situation." NEW sc.howi picion, DELHI President Ei , urging an end to sus aggression and armed fcree in a speech before the In dian Pal iameat: "Can we nut join in a five year or a fifty-year plan against mistriisi aid misgiving and fixa tion on the wrongs of the past?" - - -, T- -V - HAVE YOU HEARD ABOUT THE BIG SUNDAY SPECIALS Al PAYLESS? All. TO 5 P.H. 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