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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (April 13, 1954)
; iV- , r L ! BEFORE NIGHTCLUB ARIA Ilrlen Traubel, who broke with th Metropoli tan Opera to tour concert halls and rates, Ulks with associates in knew at Copac-ban-r New York. Administration Plan on End of By FRANK O'BRIEN WASHINGTON IP Administra tion economic policy makers say the "first swallows of spring sig nalling an end to the business lull are in sight. Wonder Drug Put to Work in Cancer Cases By ALTON L. BLAKESLEE AP Scieace Reporter ATLANTIC CITY, N.J. i A new job of helping cancer patients was reported recently for a itrange "wonder drug" which seems to be a jack-of-many-trades. The drug is chlorpromazine, a distant relative of anti-histamines which combat allergies. Medical reports find it useful in Inducing a kind of chemical hi bernation, similar to "frozen sleep" hibernation, to permit saf er or easier heart and brain op erations. The drug reduces body temperature and blood pressure, slows the heart rate and breath ing rate, like the slow-down in a hibernating animal. It's also reported helpful in com batting the shakes and hallucina tions of D.T's or delirium trem ens, in controlling nausea of preg nancy, fighting shock, and calm ing some mentally ill persons. Four George Washington Uni versity scientists said Saturday they find chlorpromazine helps combat bad effects of X-rays given to cancer patients in attempts to knock out or slow down cancer growths. It prevented nausea and loss of appetite in patients who had to take X-rays for cancer which had spread to their livers, they said. The patients could eat three meals a day, felt more comfortable. Other cancer patients report ed relief of pain, less restlessness, more strength, and less need for narcotics, Drs. John Lucas, Solo mon N. Albert, Jeanne C. Bate man and Calvin T. Klopp told the American Association for Cancer Research. The association began a three - day meeting here Saturday. A new drug, thioguanine, shows promise of acting against leukemia or cancer of the blood, said re searchers from Sloan-Kettering In stitute and the Wellcome Research Labor a tores. Tuck ah oe, N.Y. Tests with it on humans are just beginning now. State Surplus ' Spuds Due for U.S. Purchase PORTLAND iff) The govern ment purchase of surplus potatoes in Oregon will total 11 carloads, Arnold N. Bodtker. federal agri culture official, announced here Monday. He said Oregon growers already had offered to supply 50 times that amount.Their offer was made be fore the site of the government purchase was known. Bodtker said six carloads would be bought from the Klamath Falls area, three from Jefferson County and two from Deschutes. The gov ernment price will be $1.90 a hundredweight. Respect for , Geneva Rules Of War Asked SAIGON, Indochina UP The In ternational Retl Cross appealed here to the belligerents in the battle of Dien Bien Phu to respect the Geneva convention. In messages addressed to French Commissioner General Maurice de Jean. French commander Gen. Henri Navarre and Vietminh lead er Ho Chi Minn and his command er ,Vo Nguyen Giap. the interna tional organization said it was "ex tremely alarmed" by news that French - Viet Nam airplanes bear ing the Red Cross and similar Vietminh motor convoys had been fired upon. i U Policy Makers Business Lull I And they say the administration's j "natural, economic climate" poli . cies can be depended upon to halt 1 the downturn and "lay the founda- tion for a new advance" without government stimulation such as further income tax cuts or in creased spending But. they say. it seems probable the decline in defense spending will make for unemployment higher than the nation has been ac customed to in recent years until new civilian jobs are created by the pressures of rapidly increasing population, marketing of new pro ducts and a "return to vigorous salesmanship by businessmen used to a seller's market." The conviction the Eisenhower administration brought to Washing ton that the economy was danger ously over-extended, in need of a period of rest, consolidation, re assessment and transition to a new economic basis, seems as strong now as 15 months ago. And. administration leaders say. the economy has been going through such a period, not a de pression, recession or other form of economic sickness. These are the highlights of what you would hear if you made a round now of economic policymak ers like Federal Reserve Board Chairman William McChesney Martin Jr . Secretary of the Treas ury Humphrey, Secretary of Com merce Weeks, LTnder - Secretary of Commerce Walter Williams: Hum phrey's deputy. W. Randolph Bur gess, and others. Crisis Pastes A month or six weeks ago you would not have had to look very far to find uneasiness about the business outlook in some admini stration quarters. But the air of crisis passed as March and early April economic reports rolled in. It has been replaced by an air of buoyancy, although economic re ports still get critical daily study. Policy makers interviewed in re cent days appeared convinced that the business dip is at. or about at, its bottom, and that business is about to bestir itself, probably slowly at first, for a climb to new economic records. Evidence for Confidence Secretary Humphrey ticked off, before the Senate Finance Commit tee, last Wednesday the main sta tistical businss indicators admin istration spokesman cite as evi dence for confidence. They are: There are 3,700,000 people unem ployed, according to the March count by the Census Bureau, but there are also 60,000,000 people em ployed. In January and February, there were more people employed than ever before at that time of year except in 1953. The index of industrial produc tion is off I per cent from a year ago (it was down 10. J per cent in February from the peak of last July), but the gross national pro duct 1 total output of all kinds of goods and services 1 is down only 1 per cent from a year ago. Construction set a new record from January through March this year. Income Higher Personal income is running a lit tle higher than a year ago, mean ing that the public's purchasing power is stul strong. The general price level has been fairly stable for many months (in large part a reflection of Treasury and Federal Reserve easymoney policies put into effect as business turned downward). This has helped prevent distress liquidation of stocks. Interest rates are down, bank reserves are plentiful. The population is increasing at over two million persons a year. -Tax cuts amounting to six billion dollars have gone into effect since the first of the year. Another re duction of nearly 14 billions is contained in the House-passed tax revision bill now before the Senate. That will make the single biggest one-year tax cut in the nation's his tory if the Senate passes the House bill. Humphrey said last Thursday that about 5 billions of this would go to individuals. Put together with the 24 billion dollars tax re lief for business, he said, the tax program "will have a tremendous ly helpful effect upon the econo my." OLD TIME RELIGION WAYLAND, N. Y. LH The 116-year-old St, Peter's Evangelical Church in this western New York community never has been re modeled or modernized in any way. It is not eyen wired for electricity. Its sanctuary is light ed by a huge chandelier with double oil burner lamps, fluted chimneys and crystal globes. A , 7; T 1 i U.S. Seeks Trust Estate Left Germans MOSCOW. Idaho & The United States asked Monday that a $62,717 : trust estate left to 14 Germans be I turned over to the government un j der the old 1 trading with the ene my act. Federal Judge Chase A. Clark ordered attorneys for both sides to prepare a stipulation of the facts that he could study. The case involves the estate of the late Fred Nagle, a Genesee, Idaho, farmer, who willed his estate to eight nephews and six nieces who now live in West Germany. The trust agreement, filed March 30, 1946, named Frieda Herrmann of Genesee as a trustee. The federal complaint said she has purchased many CARE pack- i ages with funds from the estate and sent them to the beneficiaries in Germany, technically still an enemy country. The defense has filed motion for dismissal, contending the old act isn't applicable and that the bene ficiaries reside in the friendly zone of Germany. Marion Callister of Boise, an assistant U.S. attorney, is repre senting the plaintiff, Atty. Gen. Herbert Brownell, in the case. Widow of Slot Machine Head At Grand Jury NEWPORT, Ore. Ufi Lincoln County grand jury after a week's recess resumed Monday its inves tigation of charges of vice and corruption of public officials in the county. One of the witnesses heard was Mrs. Vernon Burroughs, widow of the late "Curley" Burroughs, who operated the DeLake Amusement Co. of North Lincoln County sev eral years. Burroughs was the owner of 73 slot machines, seized by police in a raid on his ware house at Ocean Lake in February, 1953. On hand for the session were both William Hollen, county dis trict attorney, and state Atty. Gen. Robert Y. Thornton, who has said he is making a separate investiga tion in the field. Other witnesses Monday included State Police Capt. Ray Howard, who had been before the jury sev eral times previously; L. G. Eng lish, district attorney about 20 years before Hollen's election; Virgil Rhodes, former Waldport chief of police, and W. J. "Dubs" Mulkey, former state police ser geant at Newport. Injuries Fatal To Woman in Bend Crash BEND un Injuries suffered in an automobile collision Wednes day proved fatal Monday to Mrs. Lucy Jane Craddock, 48, Twin Bridges. Mont. She was a passenger in a car driven by her husband, Ernest L. Craddock. on a trip to visit friends in Eugene. Craddock suffered only minor injuries in a collision at a road junction two miles north of Bend. The driver of the other car, Norman C. Johnson. Bend, was unhurt. Resurrection Of Iranian Oil Industry Sought TEHRAN, Iran ifl Twenty two representatives of an oil. consorti um which hopes to resurrect the Iranian petroleum industry ar rived here by air. The; consortium includes eight major oil firms: Five U. S. com panies, the Anglo-Iranian Oil Com pany,? which was pitched out of Iran by nationalization three years ago; Royal Dutch Shell; and the French Compagnie Francaise des Petroles. Emergency Conference Bbycotted CAIRO. Egypt UP) Egypt Sun day boycotted an emergency meet ing of the Israeli-Egyptian mixed armistice commission which con demned her for border incidents last week in which one Israel sol dier was killed and five wounded, it was announced here. Lt. Col. Mahmoud Riad, the Egyptian spokesman, said the com mission met in the Gaza area under the chairmanship of Col. Robert Hommel and ruled against Egypt on three Israeli complaints but made no decision on a fourth. Israel charged four attacks were made on Israeli territory. Riad said Egypt had appealed the rul ings. Portland Produce PORTLAND un Butterfat Tentative, subject to immediate change Premium quality, maxi mum to .35 to one per cent acidity, delivered in Portland. 58-60 lb; first quality, 56-58; second quality, 53 4-55 4. Valley routes and coun try points 2 cents less. Butter Wholesale, fob bulk cubes to wholesalers Grade AA, 93 score, 57 4 lb; 92 score, 56 4; B grade, 90 score, 55 4 ; 89 score, 52. Cheese To wholesalers Oregon singles. 38 4-41 4; Oregon 5-lb loaf. 41 4-45 4. j Eggs To wholesalers Candled j eggs, containing no loss, cases in cluded, f ob. Portland A grade, large, 45 4-46 4; A medium, 43 4 44 4; A grade, small, 38 4-39 4. Eggs To retailers Grade AA, large. 50; A large. 50; AA medium, 47; A medium, 45-46; A small, 40- 41. Cartons 1-3 cents additional. Live chickens No. 1 quality, f o b. plants Fryers and roasters, 26; light hens, 18-19; heavy hens, 22; old roasters, 14-15. Turkey s To producers for breeder types, f o b. farm, N e w York dressed, heavy hens 31; toms 28: Beltsville hens 33, toms. 28. Eviscerated frozen, to retailers, hens, 57, toms, 51-54. Rabbits Average to growers Live white, 3 4-5 lbs, 20-24, 5-6 lbs, 18-20; old does, 10-12, few higher. Fresh dressed fryers to retailers, 58-61; cut up, 64-67. Wholesale dressed meats: Beef Steers, choice. 500-700 lbs, 37.00-40.00; good. 35.00-38.00; com 3200; commercial cows 27.00 31.00; utility, 26.00-30.00; can-ners-cutters, 24.00-26.00. Beef cuts (choice steers) Hind quarters, 43.00-47.00; rounds, 42.00 45.00: full loins, trimmed, 61.00 68.00; triangles, 30.00-34.00; fore quarters, 33.00 - 35.00; chucks, 36.00-40.00; ribs 49.00-55.00. Pork cuts Loins, choice, 8-12 lbs, 58.00-62.00; shoulder, li lbs. 41.00 45.00; spareribs, 53.00-57.00; fresh hams, 10-14 lbs, 61.00-66.00. Veal and calves Good-choice, all weights, 38.00-48.00; commercial, 36.00-44.00. Lamb Choice-prime, 46.00-48.00; good, 42.00-46.00. Wool Grease basis, Willamette Valley medium, 51-53 lb; Eastern Oregon fine and half blood, 55-62. Country-dressed meats, f.e.b. Portland: Beef Cows, utility, 25-28 lb; canners-cutters, 21-23. Veal Top quality, lightweight, 35-36; rough heavies, 26-30. Hogs Lean blockers, 40-410 sows, light, 35-36. Lambs Best. 42-44. Mutton Best. 15-18; cull-utility, 10-12. Fresh Produce: Onions 50 lb sacks Oregon yel lows, No. 1. med, 1.75-2.00; Idaho yellows, med, 1.00-50; Texas Ber mudas, 4.25-75. Potatoes Willamette Valley Long Whites, No. 1. 1.75-2.08; No. 2, 70-80; Deschutes Russets, No. 1-A, 2.25-75 ; 6 oz min, 2.65-85; 12 oz min, 3.50-75; No. Is. 1.75-85; 25 lb sk. 50-60; 10 lb mesh, 30-33; paper, 23-25; windows, 27-30; No. 2. 50 lbs, 8 oz. 75-80: Idaho five 10-lb sks. 2.00-25; California Long Whites, No. 1-A. 2.75-3.25 per 50 lb. Hay U. S. No. 2 green alfalfa, mostly 30.00 ton, delivered car and truck lots, l o b. Portland and Seattle. Portland Livestock PORTLAND 1 ( USD A) Cattle salable 2,200; bulk supply fed steers, few loads heifers, several loads dairy type slaughter cows; fed steers slow, early sales steady weak but bulk still unsold, gen erally bids 50- 1.00 lower: fed heifers steady; cows fully steady strong, instances 50 higher on beef cows; bulls about steady; stockers and feeders in small supply, about steady; few loads good-choice fed steers 22. 50-23. 50: few lots good 20.00 - 21.00: utility - commercial steers 13.00-19.00: good-choice fed heifers 20.50-22.00: utility-commercial 12.0-18.0; few lots good 18.0-20:50; canner-cutter cows 9.50-12.00: otUity-cornmercial 12.00 17.00, few young commercial to 18.00; utility-commercial bulls 14.00-16.50; one load good-choice 618 lb stocker steers 21.00. Calves salable 250; market mod erately active, generally steady; good-choice vealers 22.00-28.00; utility-commercial 21.00-22.00. Hogs salable 800; market active, barrows-gilts fully steady-strong; top 15 higher; sows strong-fully 25 higher; most choice No. 1-2 180 235 lb butchers 29.25-75, few lots choice No. 3 down to 29.00 and choice No. 1 butchers 200-220 lb 29.90; Choice 240-280 lb 28.00-29.00; choice eoo-550 lb sows 23.5-26.5. Sheep salable 450; market active, slaughter lambs strong-25 higher; other classes fully steady-strong; few choice-prime 100-110 lb wooled slaughter lambs 23.50-75; good choice wooled lambs 20.00-23.00; choice prime V3-109 lb shorn lambs with No. 2-3 pelts 22.50-75; good choice wooled slaughter ewes 8.00 11.00; cull-utility 4.00-8.00. New York Stock Markets By THE ASSOCIATED PRESS Kennecott Copper 78 H Admiral Corporation 20 4 Lflbv- McNeill 8 Allied Chemical 86 Lockheed Aircraft S3 Allis Chalmers 51 4 Loew s Incorporated 13 American Airlines 12 4 Lon A 26 American TeL k Tel. 164 4 Montgomery Ward 60 U American Tobacco 62 tNash Kelvinator 14 4 Anaconda Copper 36 New York Central 21 i Atchison Railroad 100 Northern Pacific 58 H Bethlehem Steel 59 H Pacific American Fish Boeing Airplane Co. 75 i Pacific Gas -Electric 41 4 Borg Warner 84 4 Pa Tel. k Tel. 119 4 Burroughs Adding Machine 17 4 Packard Motor Car 3 4 California Packing 24 4 Penney (J.C.) Co. 79 Canadian Pacific 24 4 Pennsylvania R.R. 16 4 Caterpiller Tractor 53 Pepsi Cola Co. 15 4 Celanese Corporation 20 4 Pnilco Radio 32 i Chrysler Corporation 62 4 R30 Corporation 27 4 Consolidated Edison 43 Rayonier Incorp 32 4 Cities Service 94 4 Rayonier Incorp Pfd Consolidated Vultee 24 4 Republic Steel 51 4 Crown Zellerbach 42 4 Reynolds Metals 66 Curtiss Wright 10 Richfield Oil 57 Douglas Aircraft 109 4 Safeway Stores Inc. 42 4 du Pont de Nemours 117 H Scott Paper Co 84 4 Eastman Kodak 54 4 S3" Roebuck L Co. 60 4 Emerson Radio 10 4 Socony-Vacuum Oil 40 4 ! General Electric 108 4 Southern Pacific 41 4 j Genera1 Foods 60 4 Standard Oil Calif. 60 4 i General Motors 68 4 Standard Oil N.J. 82 4 ; Georgia Pac Plywood 11 4 Studebaker Corp. 19 Goodyear Tire 62 4 Sunshine Mining 9 4 j Homestake Mining Co. 39 4 Swift & Company 44 4 i International Harvester 30 4 Transamerica Corp. 28 4 ; International Paper 64 4 Twentieth Century' Fox 20 ! Johns Manville 63 4 Umon 0l1 Company 45 4 ! Kaiser Aluminum 31 4 Union Pacific 114 4 I ; United Airlines 24 4 United Aircraft 56 Portland Grain cTn i?,Tpor?i,ion , 5 United States Plywood 28 4 paoti Avn ,m rv-e, ,; United States Steel 44 4 1 PORTLAND - Coarse grams Warner u t unquoted. ! Western Union Tel 40 j Monday's car receipts: Wheat 'estinghouse Air Brakes 25 4 I 90; barley 1: flour 10; corn 7; i Westinghouse Electric 63 4; ,oats 5: mill feed 17. I Woolworth Company 41 Ti Let Want work wonders for YOU 5x by X)ell sy gi.).- -." . ? rent ads I ever Statesman. Salem, Or. Tue Salem Markot Quotations (A of 1st yrtrdy) BUTTEKFAT Premium No. 1 BITTES Wholesale Retail ... .59 .56 .4 .69 EGGS (Baylaf) (Wholesale pncs range from t to 1 cents over buying price). Large A A M La rite A . js Medium AA J3 Medium A - J Small POULTRY Colored Hens Leghorn Hens Colored Fryer. Colored Roosters Old Rooster . - -22 ... .18 .25 . .25 15 Soybean, Lard Futures Show i am 011 JDoarci CHICAGO cf Pronounced strength in near-by soybean and lard futures, coupled with weak ness in wheat, featured dealings on the Board of Trade Monday. Old crop soybeans soared 7 4 to 9 4 cents and the May reached another new high for any soybean contract since 1948 when it sold at $3.81. That was the closing price. Wheat closed 2 4 to 3 4 lower, corn 4-4 lower, oats 4-4 lower, rye 34-i lower, soybeans 1 4 9'4 higher and lard unchanged'to $1.25 a hundred pounds higher. SELL IT FOR Mr. B. Hoffman of 1815 No. 5th, who got 20 CALLS IN ONE DAY Had this to say, "That?s the fastest action got in my life? He sold all the items in the following ad the first morning ad appeared. MOVING! '54 21" Philco TV, full golf set, rdi-phon (terms), reasonable. 1815 N. 5th. PHO HE 2-2441 TODAY A friendly, courteous, helpful want-ad tcriter icill gladly assist you in writing your ad to get FAST ACTION. 35,622 Homes Receive Your Mes&age For These Low Rates I (Minimum 2 lines) Per Line, 1 time, Both papers Per Line, 3 times, both papers Per Line, 6 times, botfi papers 1.30 Per Line, 1 month, both papers' Five agerage words per line When an ad is ordered three or is included (fer example: Friday, lewer Sunday rates apply because SB-days. April 13. 1954 (Sc 2) 5 Stock Market Hesitant, Ends Slightly Lower NEW YORK The stock market went through a hesitant session Monday and closed slight ly lower. Some uranium stocks did well together with farm irnDlemeriLs and coppers. Showing lower tendencies were steels, motors, aircraft, and chemicals. The Associated Presa" average of 60 stocks remained unchanged at $118.50. That is the peak of the avrage in the past 24 years. Volume performed to the satis faction of the constructive minded ! el.ment in Wall Street bv dwind- 7 ling to 1,790,000 shares as prices sottenea. Stocks and Bonds Compile- by the Aitciate Preta ' April 1! BON D AVERAGES 2 ! 1 1 Rails I4ot I Uls Fartlga Net change Monday Prev day Week ago Month ago Year ago D 1 A 1 A 1 D.I 990 99 1 99 0 98 4 94 7 100.3 100.2 100.2 100 0 97.4 100 100.7 100 C 100 5 5.4 32 9 33 0 32 B2 2 79.2 STOCK AVERAGES M 15 Indnit Rails Net change D.I A.J 15 t VtUs Stacks Unch Unch Mondav 160 0 Prev. dav 1S0J Week aco 159 0 Month ago 154 4 Year 141.5 84 9 84 7 Kl.4 84 MR 59.1 59 1 SP 0 58 2 53 8 1-S.S 118 5 117.5 1-5.7 109 4 CASH! Daily Sunday f .35 .25 -.90 .80 1.20 5.00 six times sad a Sanday Usnt Saturday and S today) j the nly The Statesman poblisbes j ,
