The Oregon statesman. (Salem, Or.) 1916-1980, April 13, 1954, Page 13, Image 13

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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;
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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 ,