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I l-lYKetategmcm. Salem Orisw WdnsItrf PcmSir "23 1948 plffi ppp f tO Condeitlll
Stocks Take
: Surprise Drop
,v NEW YORK, Dee. 28 -WP)- The
stock market took a surprise turn
- downward today in the broadest
trading in the history of the ex
4 change.
Prices declined a few cents to
j an extreme of around $3 a share.
A half-hearted rally in late busi
; ness reduced the worst losses in
, many cases but the average de-
l dine was the sharpest of the
- month.
I Volume of 1,650,000 shares was
. a high since November 10. Low
s NOW
IIEV7 YEAR'S
EVE
inoniGHT
FBOLICS
2 Great Programs
to Cbeose From!
AT THE
ELSniORE!
Starts 6:00 P. Ms,
Dee. 31
- - ran) ay - -
DENNIS MORGAN
DOROTHY HALONE
DON DE FORE
JANIS PAGE
in Warner Bros,
nsppy-go-hnnUng hit
"OIIE SUIIDAY
AFTEBIIOOII"
At the
CAPITOL
STARTS FRIDAY!
all day from 1 n. m.
RITA HAYWORTH
GLENN FORD
in
"The Loves
01 Carmen"
- - - and
Dennis OTCeefe
Lonis Hayward
in
"Walk a
Crooked Hile
priced stocks accounted for much
of the day's turnover. i
A total of 1.189 ; issues chaged
hands, a new record Previous
high of 1,174 issues wis hit No
vember 5 In: the post-election
break. if
Brokers said that sales to es
tablish tax losses were ! unexpect
edly large and that some specu
lative selling also showed up. De
mand was curbed,, it was added,
by the approaching: policy address
of the president to congress and
a recent spattering; of unfavorable
business news! items. I
AFL Seamen
i i I
Receive Offer
SAN FRANCISCO. Dec. 28 -(JP)
Harry Lundeberg, secretary of the
AFL Sailors' Union ol itne paci
fic, said tonight SUP negotiators
had received a "pretty fair propo
sition" from the s shipowners in
their 'talks on wages and over
time.
Lundebenr declined to give de
tails. Discussions were recessed
to enable the SUP negotiators to
think it over. ;
The union has . been asking a
monthly wage boost of from $20
to $60 on the threat of strike action
February 13. A strike vote by the
SUP was called: of I last week after
Lundeberg told the membership he
was confident: their grievances
could be settled by negotiation.
The employers' last announced
counter-offer was a spread of from
$16 to $35 monthly for various
classifications. This was rejected
by the SUP.
$40-$50 in Nickels
Stolen from Cafe j
3
Between $40 and $50 in nickels
was taken from the Falls pity cafe
sometime Sunday night, state po
lice found upon investigation
Tuesday. The loss was not dis
covered until Monday and not re
ported until late Monday night.
state police said.
EINSTEIN JN HOSPITAL
NEW YORK, I Dec 28-iP-Prof.
Albert Einstein was admitted today
"for observation only" to a Brook
lyn hospital, a hospital spokesman
said tonight. i
Starts Alteration of
Lane Courthouse
EUGENE, Dec. 28-C)-Work-men
today started chopping a hole
in the wall of the Lane county
circuit court room in an effort to
bring the county's 50-year-old
courthouse up to the standards set
by the city fire marshal.
Fire escapes from the third-floor
jury room and second-floor circuit
court room will be installed as
soon as possible. County. Judge
Clinton Hurd said. City fire mar
shal Lester Barket has set Janu
ary 2 as the deadline for work,
which is to include revamping of
the old building's electrical sys
tem. . ,
Judge Hurd said the electrical
work has been going on for two
weeks in an effort to forestall
the fire marshal's condemnation
of the rickety structure he has
labeled 'a firetrap.'
Depoe Bay
Project Sought
DEPOE BAY. Ore.. Dec. 28-UP)
This Oregon coastal town is seek
in a federal project to deepen
the bay here, widen the channel
entrance and build a .breakwater.
Army engineers estimate the cost
at $362,250 said J. B. Patterson,
head of a sDonsoring committee.
Patterson said the project is needed
for the 100 fishermen who use the
bay regularly and others who take
refuge here during storms.
It would call for dredging to
make the bay eight feet deep at
low tide, the channel 30 feet wide.
The breakwater would be con
structed on the north side of the
bay entrance.
Airliner Crash-Lamls ;
18 Aboard, None Injured
JOHNSON CITY. Tena, Dec. 28
(Jpy-A Piedmont airliner carrying
15 passengers and a crew of three
crashed two minutes after take off
from the Tri-city airport near here
today. No one was injured.
The plane was only slightly
damaged in making a forced land
ing about a mile and one-half
from the west runway of the air
port.
IIEW YEAR'S EVE DAIICE
Horns, Hats, Crickets, Blowouts
t - i
Balloons with Call Prizes
Music By
POP EDWARDS' ORCHESTRA
Oldtime and Modern
j ; :; i ;
ARIIORY
Yum off
light
SW 111
feefween
4:30 J&tjfl
and t.
6:30 p.m.
rou don't have to sh in
fhe dark but do turn off lights you
don't actually need between the hours
of 4:30 and 6:30 p.m. When you leave
a room, turn out the light, even if you
expect to be back "in a minute. That
minute may stretch to 15 minutes or
even longer. Use adequate light foe
reading but keep extra lamps turned off.
Don't forget to turn off lights in closets,
basements, and storerooms. In using
electricity here is a good rule to follow:
lf there's any doubt, better turn it out
WHY CONSERVATION IS NECESSARY
Winter brings greater use of light and
heating equipment using electricity. It
brings a pick-up in industrial produc
tion which means still more power use.
All this reaches a maximum between
4:30 and 6:30 p.m. when thousands of
housewives start preparing dinner and;
thousands of men and children start
using water (most of it heated elec
trically) to clean up. The result is that
the total power available from all
present Northweit power sources can
barely cope with the demand. A serious
break down can occur unless you help.
PQ3T1AUD GENERAL
ELECTRIC C0E1PAUY
TIME TO SAVB iUCTKIOTY
niphi h ."Vi
Oaom's Flight ?
Plan Termed
'Impossible'
HONOLULU, Dec. 28 -(p Bill
Odom's projected Honolulu to New
York non-stop flight in a light
plane was termed a "physical im
possibility" today by the superin
tendent of safety at the Honolulu
airport.
"But," Superintendent William
S. Holloway added, "if it can be
done Bill Odom has figured out
how to do it."
Odom announced in Wichita
earlier today he would attempt
the 5,010-mile flight sometime
during the first four days in Jan
uary. He wants to break the light
plane non-stop flight record of
2,061 miles set by Russians in
1937.
Holloway said the amount of
fuel required ror such a flight
would weigh more than the 3,500
pound Beech Bonanza which Odom
will fly. Odom said, however, thai
m i a i a m a ..... 1
ngni piane naa Deen moamed.
Holloway believes the only way
Odom can make it is to refuel en
route.
Critics Choose
'Treasure of
Sierra Madre9
TJEW YORK, Dec. 28-7PV-The
New York Film Critics' (NYCPF)
today selected "Treasure of Sierra
Madre" as the best picture of 1948,
and Lawrence Olivier and Olivia
Pe Haviland as the year's best ac
tor and actress.
The Critics group is made up of
18 critics on 10 newspapers.
Olivier was named for his per
formance in "Hamlet" and Miss
De Haviland for her performance
in "The Snake Pit."
John Huston was picked the
best director for "Treasure
Sierra Madre."
of
"Paisan," an Italian
Children Find
$14,000 on
Yule Search
LEAVENWORTH, Kas., Dec. 28
-jP)-A missing will and gold coins
and old currency believed to total
around $14,000 have been found
by two children rummaging
through their home for a Christ
mas tree ornament
The children, Sandra Wilk, 9,
and her brother, Gary, 6, made
the discovery while searching the
attic for the ornament. Their at
tention was attracted to a wire
looped over a nail and hanging
down in the wall of the room
below.
To the wire was attached a Jar
and a box containing the will of
Miss Emma Scheer, 72, who died
last April, $455 in gold coins and a
large amount of old currency.
The children took their find to
their parents, Mr. and Mrs. Paul
Wilk, who moved into the house
after the death of Miss Scheer.
was selected ine
language film.
best
picture,
foreign
Wreckage' Only
Patches of Snow
MED FORD, Ore., Dec. 28-WV
What was reported as plane
wreckage north of Redding, Calif.,
turned out today to be two patches
of snow.
4W r u iv .
Fred Baker, Medford pilot, ex
plained this on his return from a
ground trip to the area. Baker
earlier had reported the wreckage
after a flight over the region.
! This left missing the private
plane that disappeared Dec. 4 on a
Salem - Los Angeles flight with
Paul Starr, Southgate, Calif., lum
berman; Robert Starr, UCLA
Vet Insurance
Dividend Due
WASHINGTON, Dec. 28 - UP) -The
veterans administration plans
to start paying a $2,000,000,000 in
surance dividend in 1949.
Sixteen million war veterans
may share in the payments.
Veterans who took out the $1,000
minimum policy of national serv
ice life insurance and held it only
briefly will receive comparatively
small dividends.
But those who got into the pro
gram at the beginning and for the
top amount- 10,000 will receive
an eight-year accumulation of
several hundred dollars.
It is unlikely that dividend pay
ments will start before next Aug
ust, a spokesman for the agency
said.
30 Aboard Missing
Puerto Rico Plane
MIAMI, Fla., Dec. 28-C3VA
charter plane with two babes in
arms among the 30 persons on
board disappeared without a trace
today on a flight from San Juan,
Puerto Rico, to Miami.
A daylong search by a fleet of
air force, navy and coast guard
air-sea rescue craft failed to turn
up a clue to the missing twin-engined
DC-S airliner.
TO STUDY EFFECT OT COLD
SEATTLE, Dec. 28-;p-The ef
fect of arctic cold on the human
body and mind will be studied for
two years in Alaska, the Univer
sity of Washington reported today.
HOUSING SURVEY ASKED
PORTLAND, Dec. 28-P-Th
state legislature may be asked to
provide funds for state wide hous
ing surveys. The legislative com
mittee of the Portland housing au
thority's advisory committee voted
to push the proposal.
9 Jap Officers, Including
3 Generals to Hang
TOKYO, Wednesday, Dec. 28-(A)-Nine
Japanese officers, includ
ing three Generals, were sentenced
today to be hanged for beheading
thirty-three B-29 fliers.
A U. S. Eighth Army commission
gave 18 others prison terms rang
ing from five years to life.
NOW!
Louis Hayward
Janet Blair
in
"BLACK ARROW
And
"WRECK OF THE
HESPERUS"
with
Willard Parker
CIEiillKfiZZ3
Ends Tealte Open C:45
KIPLING'S
JUMCLE Dcorr
8eend Feature
James Oliver Carwoed's
-NEATH CANADIAN SKIES
ENDS TODAY!
(WEDj
Joan Bennett HOLLOW TRIUMPH
& TN. W. STAMPEDE"
TOHORBOVI!
O PH. 3-3721
OPENS 6:45 P. M. O
ate &eck tie M-GiM hit
miffons v ivartfo see
a
its
9
flaming
ond thm
ipecfoce
city
drnttroymll
CO-HIT I
THEY'RE BACK AGAIN
in th funniest
picture vr modl
M v V t4 fc SAM WOOO I
V STi kt OKXKU S, EXITMAM ii
LATE NEWS OF THE WOR1DI
IIMI:T7TP1
Gary Ceeper
Paaletie Cwddard
In Technleeler
"UN CON QUE RED"
O NOW! OPENS :43 O
ALPEARCE
THE MATH
ST. CD"
II j
swimming coach; and Ruth Mey
ers, Portland '' lumber j broker.
aboard..- , - j
WW
mm
Mm i
D
I IT HAS ALL SALEMS
j W ITTTCIIESI j
. asssr 2
WARNER CBOi VA
ft
- mum m wm
fill I
FAY BAINtER
CTTYtrNM TOMTULtr
6RETAIGNE WINOliST
POOOVCtO 1
HENRY BLANKE
,'Andt . ..
Richard Dennlac,
. Tmdy Marshall
la
"DISASTER"
Celer Warner
CARTOOM NEWS
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STARTING TOMORROW!
IrWIN THRILLS . . . BOTH IN GLORIOUS COLORI
Ends Today! (Wed.)!
Tyrone Power
"WONDERFUL URGE?
a ' i
j
Tom Conway -
"CHECKERED C0AT1
fir ,1
To End tho
Old Season,
And Start
A New One!
" '.WN f'mm. . If THE C0B0TS
TRIGGER
7r.1VG7ERY5
ISOGPErJCE!
INTRIGUE!
t. . a
rc2rc2Tinis
...AK3UYIS
mm hhb mm mmmmm
v mm mm mm w mrm m m ,
TS KSi Cf ts rutins
reus
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After 9 P. M.
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