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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (June 29, 1956)
Lightning Laces Arizona, New Mexico Forests; Fires Rage; Ranger Perishes ALBUQUERQUE Dry I lightning laced the dry timber- lands of Arizona and New Mexico with hundreds of fires Thursday. A young forest ranger was killed, battling one of the blazes. No hope for rest was held out to z.soo men wno nave been man ning the fire lines for two days. Weather bureau forecasts for .the two states called for continuous dangerous fire weather, with tur bulent winds and lightning from dozens of scattered thunderheads. SwampeQ forest officers in re gional headquarters here gave up trying to keep track of the num ber of fires in ttfc many national forests of the two-state area. But they numbered In the hundreds, both large and imall. "They're only calling us In on the fires they can't handle with Senate Rejects Farm Product Import Curbs By WILMOT HERCHER WASHINGTON i - The F.ison hower administration drew first blood in the foreign aid fight Thursday when the Senate de feated 45-43 an amendment to cur tail imports of (arm products and textiles. It was the first test o ..strength a? the Senate began voting on a bill which would authorize a 4 h billion dollar foreign aid profcram for Ihp fitral vr-iir heoinntn" Siin. day. ' .lust before the roll call. Sen Knowland of California, the Sen ate's Republican leader, advised his colleagues that the adminis tration believed the Import cur tailment would be "highly detri mental to our foreign policy Offered by Bloc The amendment was offered by a bloc of Senators from grain and textile states It would have limit ed the importation of textiles such as cotton goods and all farm pro duds which are now in surplus supply in this country. lhese imports, in future years, would have been held to the aver- attacks on the administration De ape of the preceding three years. ,.nse program. Leaning tne opposition to tne proposal. Knowland argued it would have a severe Impact on Japan and might shove that coun-! try closer to the communist or- bit. He said both the Senate Fi-i nance (. ommittee ana the t aril commission are working on pro posals to help the American tex tile industry. Designed to liar Sen. Olin Johnston tD-SO next called up an amendment designed ' to bar any increase in textile im ports pending action by the tariff commission and the President to! protect domestic industry, but the! the fiscal. .year beginning July l.jthan the administration asked. Senate defeated this, too, 52-36. 1 1957, or $7,100,000,000 more than; The armed services suhcommit Knowland said Johnston's ,n(' administration recommended tee is headed by Symington, who amendment was just as objection-.lor able to the administration as the previous lmDort-curbing proposal. n ,-Mi 1 ni.i r.aruer, oen. r.iienurr 'u-i.ui --M-J i : o.. n ui'. CdllrU IUI CU13 III UlC I irniUClll S foreign aid program, telling the Senate "the countries of Western Europe are oetter on man mey ever have been Vet Leader Asks Spiritual Growth in U.S. ROSEBL'RG t.f The national commander in chief of the Vet- a , . -cn ri 1., 1 riviol in called for a spiritual revival in America to combat the cold war t rl'ev0, in n'Sdde ""online orney said in an address opening u A l" J t i!l LI a!., " V ' . icas iniei.n ,..in. i..i iru foreigners to think put too much emphasis on military pow We aren't mm to end the cold war by budding up atomic weapons, lie sain, tiniy ny com halting the Soviets with our intel lectual and economic resources, and most important through a spiritual revival among ourselves, rr i:..i.. A it can .r ninm i) i Murphv said Americas strength comes from the "grnssroot think ing" of its forefathers and is re flected in the Declaration of Inde pendence and the Constitution. He said the VFW is not opposed to foreign aid but feels I hat it should not be given al the expense of this nation's veterans. The' VFW will parade Friday. Brig. Gen. Philip C. Wehle, deputy commander of the Second Division. Ft. Lewis, is scheduled to speak at the annual banquet. The veterans dedicated the Rich ard Strayer Memorial Park at the Knseburg Veterans Administra-t lion facilities Thursday Gary L. Hanson. Dallas, Ore., department over; VFW business s e s s ions. Mrs. I'atte Hopkins. Rogue liner, is president of the auxiliary. Option Signed For Hunting Land at Camp AIEDFORD An option has hen signed by the State Game Commission to purchase 160 acres . in the Camp White area. 10-miles north f here for .,s, a niihlir north of here for use a a public hunting ground The property Is ideal for devel- npment of a bird shooting area because of two ponds. Kenneth a'Jenman. .v.raior.i m.orncy una memher of the commission, said. The land adjoins a 230-acre recre - atmn alrea already owned by the commission the men they can lav their hands I on," a ForeNt Service spokesman j said. : ' j Alan S. Wilson Jr., 38. of Rah-! way, N. J., a forest ranger sta-1 Honed at Flagstaff. Ariz , died I Wednesday night as he battled one of 21 fires in the Coconino Nation-' Crowds Visit Crowds of shoppers helped J. C. day In Its downtowa Salem store. aisle congestion, but Thursday the 133 I' VJWlliJr Ike Tells Wilson to 'Lay It on Line' in Reply to Critic Blasts By J. W. DAVIS ' WASHINGTON - President j Fisenhower called Secretaxv f Defense Wilson to his hospital iroom Thursday and told him to it on the line" in renlv to ReportlnK this quote, press sec- rtarv James C Hauerlv said it ., u Prpsidpnt s own Wilson will go before a Senate - i 17 It 4 .1. S7 Billion . I Jl 1 lllllLl llllvt WASHINGTON (1 - The Air Force may ask $23.60).000,000 for it in the year beginning next Sunday. Secretary of the Air t orce Oiirla i'Vt oA lii. fura for ......i,.-u fisrnl 1077.1 nt a moohntt nf the - Senate subcommittee studying rel- alive I S -Russia air power. Sev- r"" "nn.iu uu iii' tee have said the administration hasn't been asking enough money (or the Air Force. .ol rlrm Figure -1J IU- 111 OKI AM v,K 'T ur ,'(' sum was not a firm 'Cure, but was rather a flash estimate by r,en Nathan Twining, Air Force chief of staff. A Senate-House conference com- mittee is now at work adjusting the Defense appropriation bill for the Army, Navy and Air Force for the coming fiscal year As passed by the Senate Tties- rtil- tlw $35,000,000,000 bill con- $960,000,000 more for the Ar F h p ( , hor " tta' npCMSar Msl f lh(1 ,,xlri)lr Forc(. m,,n,,V 'as ,;,h,)rd r improved aircraft Considrrs ncrf.asf QuarIfs , ho M s(lbfom. mi'lee Thursday the Defense De- part.Tnt "considering .increas- from "Q , lhe nnvr thrp v.re That could mean a minimum total of B75 B52s or equivalent air craft, since it has been decided to give each heavy bomber wing 45 planes instead of the 30 now oper '.j r G-String Clad Beauty Wows Lunch Eaters NKW YORK - They smiled when pretty Ivy Vine walked into I a Greenwich Village restaurant Thursday. But when she slipped out of her coat-wowee! "She had on only a G-siring and brassiere and the brassiere was falling off." gasped the restaur- ant's co-owner. Fred Chiaventone. later. Management pnlitelv required -1 .. .. .t. .viis vine, a aancer. to put tne coat hack on. adding: "No coat, ; no service i Twenty men in the restaurant looked on vith avidity as their lunches grew cold on their plates Five males wandered in from the bar and stood transfixed j as their forgotten Martinis grew warm. After 90 minutes of arguing, mana r a m n t nan t Ann if naen't "..'"V ,,r ' ? A' .7 1Y?A . ' '"T ,w Vs . ",eo n" cour ' ,'iiu ., ' A ,a k ,f disnrdrriy conduct. PROSPERITY PAPER GLASGOW. Kv (AP)- A wall- ra1l(i H(.nestv-the pat- ..,.- ,hnu,, mnnev Kanpinr on smai trees adorns the walls of ihp hnnkkeeoins room nf the New Farmer' Nptonaj Bank wai' al Forest of Arizona. He crushed by a falling snag as he vainly tried to escape from be-' neath a blazing tree. All the Coconino fires were con - trolled after Wilson's death. Control also was gained, barring !resh winds, on Ml. Graham in Renovated Penney Store , - - J . J - ' Penney Co. celebrate completion of One of the principal fraturea of aisles were Jammed with people. armed services subcommittee Fri- day and there he will lace two of the sharpest administration critics , in Congress. Sens. Symington M" and Jackson (D-Wash'. r.ven as tisennower ana iison met. a Senate-House conference ' rnmmittpii n?rierl In inrreasp trie t agreed to increase trie n,lmmidrilln'. KuHool for' lK Air Force by almost a billion dol- lars. This move had been initiated by Senate Democrats who con tended the Kisenhower plans for Defense were inadequate in view of Russia's increasing air might. To Mark First Visit Friday's testimony by Wilson will mark his first visit to the Capitol since he enraged many Democrats and irked some Re publicans by using the word "phony" last week in a news con- lerence discussion of the moves j to give the Air Force more money used to be Secretary of the Air Force and is a possibility for the Democratic Presidential nomina- tl..., I Th. ia... ol,,,.l .jjiimigiuiruavnsmi ammo of thought holds that America's air strength has been dangerously h umvn uy wnai mey can o- ministration efforts to make good financial showing Hagerty said that during the Presidents conference with Wil- r-: i .. j u. ,;.Jr'" "r expresseo n s confidence that the secretary s presentation would generally pro- mote a belter understanding by lhe people of our country of the national defense program " Oral Sum I p Hagerty related that Wilson gave Eisenhower, who was sitting; up in bed. an oral sum-up of what he planned to tell the Senators Kridav and the President ap- Premium proved it " further "' , endorsed WiLnXn to ta'Sf"1' "T ,, hlm lh. (.r,,arip, ,;r.(iS-,Buvin n the armed services and mem- hPrc ,,f tl. ,oil ,hi,.(s of ctff nit.-, ui lov jooo i.iiu-i ill sidii. It is planned lor Wilson to do the others.51' standing by to answer any ones- t,ns the Senators miht have lor . . . ..nrPiKilli.. ,.r ii-il :. possibility of Wilson's resigning and said he didn't think there was any discussion of this at all by the President or Wilson. TI, ...knlfl it ... inc wnoir LUiut-i ciili , flilKt I l.v j said, would indicate to me that the President of the United States has comDete confidence in the . lomPlle eoniiacnce in me Secretary of Defense. Hagerty also said he thought there was no discussion of the "Phony" episode which set off a , storm in the Senate. Wilson JiaslCo.ruol- rreight said he never intended to say there was anything phony about the way the Senate was handling lhe Air Force fund issue. , Slnrmy Debate I during that storm of debate, Scn Bridges 'R-NHi had said Wil- snn "ad cast an unwarranted i.cur" on Senators, and Democ- "Is variously described the retary as inept, unfit, vain, arro- gant and contemptuous. "i l"e ena, tne senate votea - 4n 10 8lve the Air Force nearly a hlllinn r4nll.,r. Ihnl ll.n nn. ' l,l,llu" wwnoia umi auuiiuipiia lion natl sa'd didn t need. ; This amounted to majority re- jection of Kisenhower's judgment . and the assurances of other lead- ers in the government, including Wilson, that the Air Force had enough without the extra sum to 1 keep ahead of Russia in lhe Strug- gle lor air supremacy. Thursday afternoon. Senate- 1 n . r I co" "Z?? cnm- Proml5e w.o.it..uwi aeiense ap- propnations mil carrying almot; ' n extra billion for the Air Force. The conference agreement car- ried $16 459.125.000 for the Air Force for the fiscal year begin ning next Sunday. The House con ferees accepted an 8O0 million dol lar increase the Senate had voted ,nr ,n purchase of big intercon tinental bombers and other air- craft, and another inn nrllio" '"r Arizona after a blaze destroyed 6.000 acres and advanced within three-fourths of a mile of summer' homes. : Control was hoped for on an- I other larse fire near Safford, Ariz., where 1,000 acres had gone , ' up in smoke. K ',. .. w a major remodeling prelect Thuri the remodeling was elimination of (Statesman Photo) Air Force research and develop- ment. , The afternoon hospital rerxirt on ! (D-!the President's condition, besides I I taking note of his meeting with ' n uson. saia mat ne naa naa a comfortable day, sleeping several , hours in the morning and napping' nours in tne mnrnin? anrt nanninK in the. aftornnnn n.iri.. IK. rf. the bulletin said, the President walked freely about his suite Safety Belt Brings Death turL'VIV A.:. r:.i J Fidler's new convertible pt. car went out of control early Thursday and flipped over. His artv hi. hM h "i the driver's seat A passenger, Robert Worthing- ton. 21. of Chandler, didn't have his safety belt strapped on and was thrown clear U'oet h i r, nln. rf i ..:J ""'"""6"1", """"j sjiu, ap- n.irontlv iiifforaH nn l K-v.... .....iv.iv. in. animus III juries. Fidler. a 22-year-old air- man at Williams AFB. was oumtn iu unm unuerneain tne Ml DDY FLYING A l nT'nl rnnri' , at c 'i-uw..i"w- ' 1 riCCi , rajn? old stuff to pilots. But , jet jockey flying into Kirtland had a new one. He radioed dust was billowing thousands of feet high and he was flying through i"freezing mud." SalClll ( 1 1 1 11 1 1 0 1 1 S ........ J.... mttkrfat fi7 ,vj sit 11 ivhoi,.ie Pne ,n (mm '. '.'"" 'er buying pru- i A 3l Medium a pot LTHV i omri-a nens is oi n Hens 16 mi " n'""lpi Western Securities Zilkai. Smilhert A- Co Inc l These hid and ask quotations rep- ' resent Drice at which one or more 1 I t"i" memnen o( the National a- 1 ,on,"on security Dealer Inc. wnuld ,rlde wllh th(. g(.neri publl. lit the time the quotation! were ath- ' ,r'd ' 3 p m esterda ' Bl Aikd .12', :i.l 15'. 12'. 22 1-V. 1 4 2B 2B'; .in', ir, .is ;i5, H'. H1. 24 1'. 45 d SI', Sl'i 3S', 25', I lro" Fireman Mi,?Vmnk ' Morrison-Knudsen jc'p0 iC,?om Pop( A Tll'bol 1 Portland Gas a Coke Port G'n fc Bank of America Bank nt California ! ru-" Nation' irat Nat City NY . 1 U. s National 37', 7.1', 47', 54 S3 70'i 40', 78'. 50'. 5S 5 75 1 rlr, II1 eSltllCIl I 1 rtlSIS 1 7.11k. Smither A Co. Inc 1 A"'i"'tl 'u.nd . Atkeil 2 J'J iso-'. c-ntury share TruFt Chemical Fund Rrlw,r'' rVni. J 122 Dividend Shares Eaton a ti. Hal. Fund jjon 1550 :"S5 i" l r'neor;,. investors l. f"nr(xrii,. . B.4 13 72 'JjjJ mi k-i ?' S-4 Man Bond Fund I invI. Trust Natl Sec Series: Bid 12 11 BS 2.1 2d 17 50 11 15 R 47 2 SS 22 4.1 14 IS 4 25 !l B2 13 11 10 02 9 57 12 57 10 54 H 04 M 27 s in 7 5 7 4 7 .15 13 S2 11 M 5 07 13 75 J 5Jo 2n 1 ; tin Income Series Stock Series Pref Stock S Natl. lliv. Series Natl. Growth Pioneer Fund lei .Flee Fund Value Line lnc Fund ''"' Fn-d New York Closing Stocks Reported By Merrilt Lyne.i Pierce. Tenner and Bunt jFlintkote IS i, I Ford Motor 112V (i J)1' i den Dynamics 3t !Cm Klec ' i Gen roods . "'. Gen Motori Gen Tire ... ; .Geo Pat Ply 12 'Gillette Admiral Corp A i Ljicm A: Dye Alllril Mr Atlis Chain . . au m Am'rhnfV1'' Am (an A" r st'i'fdr Am t T Giidden Goodrich . Goocivear Grace W R . Grt No Ry 47'. 180 . 7fl, 37', v"icoe Anac Copper Armcu Armour Atcheson Top Avco . . " . iGrt t Sue " J .Greyhound im rGu!'" t ' H iHumettake M flendix Avid . 4l 5:1 8'', 4.0 1 lnt Harvest hit Nickel lnt I'jper ! Johns-Man? ' Jones A. M I Hot Foods P.etn Sll : Boeing- All Borden Born Wain Buc rus Burro Adding Kaiser Alum 40i Kennecott 371, Kei n Land 31 Jt L il.ihbv McN Mvera Calif Pack t'ampb Soup .. Can I'ac Ry Case J I Caterp Trie . ... Celaneae C'elotex Certatnteed Ches At O Rv Chi M A St P . Chi NW Rv . Chi Rl By . Chrvsler Cities Serv Climax Moly ... duett Pea fun Cola folsatc Com Credit Cuniw Edison . Cons Edison Container Cont Can Cont Oil Crane Cn Crown ZpII Curtlsi Wr D Deere & Co Dia Match Dout Air Dow Chem Du P d Ne . r. F-ast Air Li East Kodak CI Paso Gas 15-1, 44 32'. . 83' i . 20 22'i 311 'j 71 42", LO? Ofass Lockheed Air Loew s lnc l one Bell A Lorlllard . Magnavnx Marsh Field MAM Wood Merck A Co Mont Cheni . 115 5Ji, I Mont Ward SO''. ! Motorola 4(1', 46' I 47', 123 36' -j S4 33 Natl Biscuit Nail Cash Reg Natl Dairy . Nail Distill Natl Gypsum Nail Lead Natl Sunply NY Ctntral No Am Avia No Pac Rv NW Airllnet O Olin Math Otii Elev r Pabco Pac C. & Ti Pac T & T Pan Am Air Penney J Penn Ry.. Pepsi Cola . 7R', 76' j 212', SO', 91', S2 ' 1'. Emer Radio . Ex Cello Fairchild Portland Portland Produce PORTLAND - Butterfat - Tentative, subject t o immediate c jange-Premium quality ( deliv- er.'""rtlanai ? ' u W,: , , , I hinv ... r,'.A. a " "" . . , 92,seo;e' 'r,a; 92n K0T' 00 D la w elure '89 SCOre, 55, singles. 41-46 lb; Oregon 5-lb loaf. 43h-50. Kggs To wholesalers Candled fob. Portland, A large, 43-44'4; A medium. 38-40'i; A small, 27- Kggs To retailers Grade AA large, 48-49; A large, 45-46; AAnd 2 butchers 180-235 lbs 19.25-1 medium, 42-43; A medium. 41-42; 19.75; mixed 1,2 and 3 grades! A small, 29-31. Cartons, 2-3 cents additional. Eggs To consumers AA large, A"tS ! medium, 46-51, A small, j , ,. M , i;, Live poultry-No. 1 quality, f o b. Portland Fryers, 2'i-4 I b s, 23; at farm, 21-22'i; light hens, 16 at farm; heavy hens, 17-19 at form- olH ronetprt 11-19 Tiirkeys-To producers-Li v e weight, fryers, 27-28: young turkey h y. u,Aiirht n "flis inc wcygiii 40 eviscerated 38; breeder toms, 39-40. , , ih, , n iu. 15.10. 0i(j colored pelts 4 cents less: Fresh killed fryers to retailers, 56- 58; cut up, 60-63. ti i. i i. rH...i ili. ni . " lliroic viciaru incpii Beef carcasses-Steers, choice, 500-700 lbs, 35.5O-38.00; good. 34 50- 3700 standard 31 00-35 00- com- merc'ial cows '25 00-29 00 utility v 00.270 canners a n d cutters' 2"oo-23 00 . . n., iiinrf !.,, bTJ.T !a - on.i. V..11 W, mmnwl 6."..00 2!l 00; 7100; forequarters, chucks, 30 00-32 00; 27 00 ribs, 45 00-48.0. Pork cuts Loins, choice. lbs, 46.00-49.00; shoulders. 16 lbs, down, .10 00-34 00; sparerihs 4,100- r.Hfl' fresh h.imn 1(114 Ihs 51 00- ' ' -"" Veal and calves (iood-choice. all weights, 30 00-36 00; commer - Cial, .W-it OW. pnng la m its t. noice-p rime 43 00-46 00 . good. 40 00-45 00. ii' l : 1 l I nooi-.Miiiiuiai, .lean iiBsis, blood. 1.00-05; si blood, 1.03-08; '4. Blood. 112-18; fine. 1.17-23. Country-dressed Meats, f.a.b. Portland: Beef-Cows, utility, 23-25 Ih; cutters, 19-21. Veal Top quality, lightweight, 26-28; rough heavies. 18 25. Hogs-Best light blockers, 25-26; lean light sows, 18-20, Lambs Top grade springers, 38-40; good yearlings. 30-32. Mutton Uflhtwemht ewes and wethers 10-12 " """" ' - Fresh Produce Onions Calif. Yellows, med. 50 lb sk. 5oo-35: White, 5 00-25. Potatoes Calif. Long Whites, No. 1-A, 10 oi min, 100 lbs, mostly 7.5O-8.O0; No. 2s, mostly 6.25-75. Hay New crop No. 2 green nl(nll. knlat Ink Pnrllinil iliinua, uoi, u, , ,,. . ui kiniiu, nomiffally 35 00-36 00 Ion. Portland Grain PORTLAND i Coarse grains, 15-day shipmentrbTC'T?6a'sf ffeTTv-' erv: Oats No. 2. 38 lb white 57.50 58 00 Barley No 2. 45 lb B. W. 49 50. Corn No 2. E. Y. shipment m 50 Wheat 'bid' to arrive market, basis No 1 bulk, delivered coast: Soft While 2 0(t; Soft White 'ex eluding Rexi 2 09; White Club 2.09. nara rea winter: wainary i m, io per cent 2 09: 11 per cent 2 16: 12 per cent 2 22. Car rereipts: Wheat 46; barley 13; flour 6 corn IP. oats 1; mill feed 1 FLORIDA PREFERRED BOSTON (APi- The sun isn't BOSTON (APi- The sun isn t . . - ... . neoniy ati acu in r.nr.ud say former Boston patrolman James H Esson He resided from the department tn accept a position on the Fort .audirdale police force where he said the salary is SOi weeklv cnmpired to Boston's S77. ; 3 . K . S9 4''. 37' i flii' 72', . 53', 41 . I'l IS 124 I Phelpa-Dodce i Philco Corp 21 ' ; Phil Morru ... 48 5 Phil Petrol . ... Plllsbury , Pror Si Gam Put Sd P & L . Pure Oil , Radio Corp hayonler Inc .. hepub Sll . Reynolds Met Reynolds Tob nichfield O .... Hoa! Dutch ... .. 105 Safeway Stri . SI Joe l. atl St 1. & SF Ry 27 Si Hieis Paoi i Sll . 'Schcnley Iod Si'ott Paper Stall' Roe j Shell Oil 'Sinclair Oil . jSkelly Oil .. ISoconv-Moh . :Sou C.)l Kdl . Sun Pac lt jSou Rv Spcrrv R.ind Sid Hranda . I Sid Oil Cal .. Sid Oil lnd . Std Oil NJ Studc-Pack Sunrav Oil lf'a . 70-. 31'. . 81, 65', . 61 S7. MJ, . fill', 24, 3J, S7l. 6), 57' , 7'. 2.V, '. 4.V, .. 54' 126 . 45 ' . 16' . 6fi' am 44,i . 2P, 73 . IS' Sunshine M Swift i Co ... Sylvanla El 3S 36'. Texan Co Texas Gulf 4', 32-', 221, 42 . 3 23',. 24 34 Tr-xtron iTide-Asso 4'n. jTianiam 44 :Trani Wo Air . i Twen Cn Tox . . .. . . ..' . 38' , . 53 . 39 :1. . 25, S4 100'. .. 72 .Unltfn Carb , Union Oil ' U'inion Pac Rv Vni Aircraft . I'nl Air Lines 12V, 621, 17.1 70', .Id3. . ', .. 49'a 46', Nil, 58 i I'nl Corp 38'., Unl Fruit ', j US Plvwood 42' 3 US Rubber 17'. I u 3 Steel . Kl4 Warner Pic 84', iWaah Water P 37'. Weit Atr Br 33, . 37, Weitern Air .... . 20 50 Weitern Elte .... 52 139 Weitern Union 19 19', Woolworth 45, . 94 24', j; . 23", Zenith Ill', Markets Portland livestock PORTLAND (u.(USDA)-Cattle salable 150; scattered sales about steady but general trade rather slow; short load good around 820 lb fed steers 21.00; few canner and cutter cows 7.00-8. 50; utility cows 9. 50-1 J. 00; short load commercial 13.50 with a few standard cows 14.75. Calves salable 25: good and choice vealers around steady at 16.50-20.00; scattered lots cull to commercial calves and vealers un sold. Hogs salable 100; market fairly active on butchers and sows at steady prices; assorted lots No. 1 18.50-19 00; sows 300-500 lbs 12.00- 15 00. Sheep salable 300; spring lambs 50 higher; tjd crop Iambs steady; choice spring slaughter lambs 90 106 lbs 19.50; good and choice 17.00-18.50; around one deck most ly good yearlings 14.00 to shipper accounts; cull to choice shorn slaughter ewes 2. 00-4. 50. ' Chicago Grain CHICAGO (APi-Wheat Open Cloee July 2 05', -09 2 0.V.-O4 Sep MH'.-'a 2.07't-m Dec 212'. S.ll'a-'a Mar 111 112' .-13 Mav 2 12 2.10' Corn I July 1 ',-', 147',-', ,Sep lia HS Dec n;'i-i, IMVi Mav I (!', 1 40',-'. . Data July "'-' . M'i Sep 7', HV,-, i Dee 7ti, 70', I Mar 72s,-1, 72', : Hit July 121', 1 20-20.1, Sep 122',-'. UP.-', Dec- 126'. I2S'. Mar 1 1 27', Soybeans July 2H5-8S', !2V.V, Sep 2IIII-(W'4 2S7i,-, Nov J.31', 249', -'i Jan 2 54'. 2S2',-1, I 'Star 2 57 2M'i .., . . . . i.hicapo LlVestOfK , THICAGO lAPi-'CSDAl - Hogs t 1 SOU hiilr-hers steariv to 2S hieher: ,n-' steariv to 25 lower; 3D head lot ,N" : hulk No 2 and 3 I 16 00-18 SO; lew ISO-MO lh 15 00-16 7 5; os 12 00-1575 ( attle L'.iuiii; calves zoo: slaughter leers, sleady to 2.1 hlghpr: heifers ilf,dy lo a hl(,her. ,.ow, sle,dy to as higher: bulla moatly 25 higher; jvealer iteadv to 100 higher: itork ieri and feeders steady: a load 10US lh steem 22 50; good to high choice steers IS nn-22 00; utility and standard Sjleers 14 50-17.50; choice and utility trlti commercial cow s 1 1 (10-1 3 OO: cinners and culters 9 50-11 75; utility and commercial hulls 14 50-16 J0:'cM ter hulls 12 75-14 00; (rood and choice veslers 17 iio-JO DO: medium to low choice stocker od fecd'nlg steers 15 2;-lfl 75 Sheep .100; ipring Iambs; 50 to 1 on higher; slaughter sheep sleady; hulk Rnnr! to prime spring ismns zi no- 21 on most mil to low good grades I It nBl,iau.aO-sxim.ilu8fel..t..)H.,i,' 'Is". . ri . i:., :(Jncapo Onions 1 N Nnv : J" I f' h Open High Low Close I SO 1 Wl 2 20 2 43 1 old 1 1 new 1 1 II 1 IS 2 4.1 1 !)1 2 22 1 43 t an 2 IH IV, Northwest TV Fimrl).rtms; Video Plea WASHINdTON r - Northwest Video Inc Thursday withdrew its annlication to lhe ommiinications Cnmmission for TV channel 8 at Kalispell. Mont , leaving M,r. TV lnc unopposed for an outlet there Radio station KBNI). Bend. Or.e . asked permission to increase day time power from 1 to 5 kilowatts ,loe D Carroll Ml Bunce Rd . 'nha Citv Calif 1 annlies for a ,. ..:, u-,'",, ,-.. i nuiu 3tatiuu ai arvsrtiiioi ii i nii". kllocvch-s. . , j.,.i. i 1 kilowatt, daytime only America used 61 million rases of ln, ,j .- evaporated milk in W, and 5., million cites '0 0".i Stock Market Trends V ary Jglj ! NEW YORK ufWThe atock mar 4 i ket weaved uncertainly Thursday I as the steel Industry strike threat j hung in the balance. I The Associated press average of 60 stocks rose 20 cents to 118310 4, ' - with the industrials up 20 cents, 7i, the rails unchanged afid the utili JJ j ties up 10 cents. were 409 advances and 432 de- m jclines. There were 25 new highs 44'!, for the year and 30 new lows, Volume totaled 1.900. 000 shares compared with 2,1)90,000 Wednes day Stocks and Bond (Camplle4 r The Auorlate) Pre,,) I June 21 BO Ml AVKR.UiR 20 10 10 111 Rails lnd litil for, Net chanse .' Unch Unch A.I O I Thunday H5 0 IIS 9 94 S 84.1 i Prev. clay 95 0 PS 9 94 5 4 J I Week aBO 15 0 HISS H4 7 B4 8 Month ago 94 8 96 0 94 84.0 Year l 98 5 P8 .1 97 5 85 S 195 hlh 98 3 07.7 9S0 65.3 15 law . 94 S 95 1 94 1 S3.1 1 955 high 99 6 119 8 100 1 86 5 1955 low 96 6 96 4 M O 84 0 STIIl'K AVKRACKS JO 15 15 SO lnd Rail! I'tll Stcki Net chinge A i Unch A 1 A 2 Thunday 2(114 141 a 73 3 163 1 i Prev day 2612 141 J 73 2 182 9 ' Week tin 259 1 141 9 71 9 182 2 Month aso 250 S 140 2 72 2 178 2 Year til 238 4 137.1 73 t 1721 1958 h!(h 275 2 159 I 75 1 191.5 1956 low 244 0 129 0 71 i 171 S 1955 hljrjl , 257 8 142 4 75 7 181 5 j 1953 low 203 1 114 9 67 148 8 1 Markets at Glance NEW YORK. (API- Storki Mixed: ileal! lower; alum inum, higher. Bond, Mixed : government Im prove. Cotton Irregular; light trad buy ing and hedging. CHICAGO: Wheat Weak; general liquidation. Torn Weak: good crop proipecta. Oat, Steady; tome oat acreage cut. Soybtani Weak; told off at fin ish. Hon Steady to 19 cent, higher: top 110 25. Cattle Steers iteady to IS rent, up: top 22 50. Dow Jooc Averages NEW YORK (API Dow-Jone, cloiirlg atock average,: High Low Clow 30 Indi 4H4 :U 4SS t 4M 50 20 RalK 1S7 74 1S5 S4 1S6 S4 15 Utlli 67 34 M il 7 20 SS Stocks 17( 41 174 (1 175 SO Grain Market Prices Fall CHICAGO - Grains (ell back on the Board of Trade Thursday, mostly closing at the session's i lows on an expansion in selling in the last few minutes, Wheat and soybeans were hard- est hit by this last minute selling. Wheat closed 2-2' lower corn 'i-l'i lower, oats i lower to V higher, rye 1V-1' lower, soybeans lV-3' lower and lard unchanged to 20 cents a hundred pounds higher. Chicago Butter-Eggs CHICACO (AP) Butter steady; wholesale lellinff prices unchaneed; AA S3 tcore SV.00-M1.29: A 92 MOO S') 23: 8 90 75-57 2J; C S 55 O0-M 00. Eggs fully ateady; wholesale tell ins prir-ei unchanged to lt higher; extra large 3S.O0-3S 90; extra medium .11 SO: standard! 11.00-3: 90: checks v oo-2sj. The Chinese were burning nal- ural gas to evaporate brine and produce salt in 940 B. C. Again We Are Offering ... Our Vacation Package kvT V1 - " - Statesman, Salem, Ore., Frl, June 29, '56 (Sec. 1)-U Babton Reports: Sell High, Buy Low Key to Stock Pro fits . By IOGER BABSON Copyright 1954 Publishers Financial Bureau, Incorporated BABSON PARK, Mass. The only way I have made money la the stock market has been by selling stocks and taking profits at . times like this, depositing the lhe bottom of the next decline. .comes, I buy stocks. Buying Into New Industriel In this way i am not a speculator, but am like the ice man in Blr W. BakaM utners make periorming anotner Kina oi service, that Is by helping new in dustries when they are unpopular and taking profits when the industries mature and are popular. Those who follow this second program have the additional advantage of diversification. They also always keep their money working, whereas, under my method, ' my money is idle about a third of the time. Buying into new in dustries each year and selling the stocks of a few maturing com panies requires much research. An investor who desires to follow such a program should be prepared to pay an Investment Counselor for selecting these new industries. Furthermore, although General Motors, for instance, has been a "gold mine," yet there have been scores oi other automobile companies which have gone bankrupt. It ia necessary both to get into the right industry, and also to buy the stock of the, right company within that industry. Wisconsin University's Program ' ' Although swapping maturing industries for new Industrie! Is exceedingly profitable when done intelligently, very few individuals or even institutions have tho ability and courage to act on this principle. One college, however, has had a most interesting expert- ' ence in this connection. I refer to Wisconsin University, which, on its typical Board of conservative college Trustees, had also some bright chemists and engineers. These younger men so failed, in getting the conservative Board to adopt a more courageous invest- ' ment policy that they formed a separate Trust, The Wisconsin Alumni HMrj FniinHatinn Thav ant tn0thp imii, wm lukA - contributed eight dollars or so apiece, making a total of $589 to start with on January 1, 192S. They increased this small sum by ' the purchase end sale of "Growth Stocks" so that, at the present time, this $583, with accumulated dividends and profits, amounts ' (o over $17,000,000 with a market value on December 31. 19S3. 1 $36,000,000. Approximately $6.000jOOO received from Patents and j Royalties they gave back to the University for new buildings and increased salaries. I might also give the names of individual clients which my organization has helped slong these same lines. I could also cite a member of my family who during fifty years increased $600 to over $1,000,000 by putting the dividends ana profits back Into newer industries when they were unpopular and selling these when they became popular. Meanwhile the fund was kept well diversified with only a comparatively small amount in each industry, so risk was pretty well eliminated. All this required, however, consider -Li. 1- 1 A . J L-Li V auie work as inc enure iudu was lurnca utpt pruuautr once w ten years. In this case, no attention was given to general market ' conditions or to the investment cycle. The Report ot a Psychiatrist Let me close with a story which one of my valuable associates, John D. Rlordan, tells. It concerns I friend who had a nervous breakdown on account of his overactivity in the stock market One dav when the natient was lvim on the couch end telling ot his enrlv lit, the osvehlatrist said. all this trouble. The first thing mother rocking you in the cradle You interpreted this to mean 'Buy Mrs. Shannon Promoted by Phone Office Mrs. Betty F. Shannon Is the new assistant chief operator tor day by Manager Elmer A. Berg - lunj Mrs. Shannon of 402 S. Capitol St., has worked for the company in Salem nine years, most recent- : ly as supervising operator. 1 She replaces Miss M s r J o r I e THI ... 1 ;" will sovs yovr papers eoch y vacation and deliver them II in .'. . ONE PACKAGE Just clip this coupon and bring it in: .Pv?mv ' Off sotilalfsman ! CREDIT MY CARRIER FOR will be gone from. i (Signed) J Addrf m I( you are going anvwhrre the coupon below and send ll in or call 48811 (ask for "cir culation' and we will mail your Capital Jiurnal to ou. Just pay in the office when n Please to me while I'm From (Signed) : I will pav in the office on rm money in banks, and waiting until When the market crash finally ; tne North, wno gathers ice in wintry weather and stores it up for people to use during the summer. This lime principle, in reverse, applies to thotwj who can fruit and vegetables in summer when they are about to spoil. We all perform I real service and art entitled to be rewarded. Wt have the courage to sell stocks or buy fruit when others lack the courage to do so. People who go with the crowd make conditions worse. Thosaj who go contrary to the crowd are in a position later to make conditions better when there is much unemployment, no new building, and when commodities art selling below cost. money in the stock market by "I understand what cot vou into- you seem to remember is your nd singing 'Bye lo, Bye lo, Baby.' low Buy low,!'.." - Farm Mutual Men to Attend Convention State Farm Mutual Automobile Insurance Co. has sent word to Salem that Lynn Woods, J. Earl Cook, A. A. Holscher and Silas M. Olson are scheduled to attend compiny mw.tng, fn Los An- ! They are among the top-ranked , 25 percent of State Farm sales- i m"- I Hendrickson who has accepted in appointment at Albany as eve- i ning chief operator. day you art away on your to you when you return while I'm away and MY VACATION PACKAGE: to OR. that has mail facilities, fill out u rctui n mail my on my vacation. to return.