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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (June 21, 1958)
Markets New York Closing Stocks Reported by Merrill Lynch, Pierce, rtnntr and Imith Ford Motor a O Gen Dynamics Gen Elec Gen Foods Gsn Motors Gen Tel Gen Tire Geo Pac Ply .... Glidden Goodrich Goodyear Grace WR Grt No Ry Grt West Sug ... Greyhound Gulf Oil H Homestake M .. I B M' 1 Irit Harvest ...... Int Nickel Int Paper Int T k T i Johns-Man Jones L SU .. K Kaiser Alum .... Kennecott I. Libby McN Llgg Myers LOF Glass Lockheed Air .... Loew'a Inc Lorillard M ' Mafnavbx Marsh Field Martin Co Merck k Co . Mont Chem Mont Ward Motorola N Natl Biscuit Natl Cash Reg Natl Distill Natl Gypsum .... Natl Lead NY Central No Am Avla .... No Pac Ry Northrop NW Airlines O Admiral Corp . ... Al Chem Dye Allied 8tr Allli Cham Alcoa Aluminum Am Airlines Am Can ' Am Cyan Am Motors Am SU rdr Am Smelting Am T k T Am Tobacco Am Viscose Anac Copper Armco . Armour Atcheson Top Avco .. B Bait. It Ohio Bendix Avla Beth. SU Boeing An- Bordon Borg Warn Bucyrus Burro Adding C Campbell Soup ... Can Pac Ry Carrier Corp Case JI Caterp Trac , Celanesa Certainteed Ches A 0 Ry Chi M ft St P Chi NY Ry , Chi R Is Ry Chrysler Cities Serv Coca Cola Collate Col. Gas .. Com Credit ' Comw Edison Cons Edison Container Cont Can Cont Oil Crane Co Crown Zell Cnrtiss Wr D Deere It Co Dla. Gardner Douf Air Dow Chem D P de Ne K East Air Li East Kodak , El Paso Gas Ex Cello F rairchtld riintkote .: .. nr. .. 43 .. 23'. - ..' 37 .. ltt .. m 44 .. li'.'t .. 33V, .. UlVa .. 88 Va . 27 a . 46 a ,. SO'.i .. 16 .. 22 la . W. . 30'j . S3Ta . 41",, . 42,i . . 'i . . 35 . 41,4 .. nl . 41",. .. We . 63 16 ,, . 10 . 85 la - 18!i . 19 . tt . 48' . 55, 117i . 61,i . 19le . 56, . 47 'a . 95 . ao',4 . 51 V . 53 ' j : 17 . 49 . 24l . 36',, . 31 . 87, . 55', IMi, . ? Ill . 33 V 36!, ll'i 41!. Olln Math .. : Otis Elev - ' P Pac G k El Pac T k T Pan Am Air Penny J C Penn Ry Pepsi Cola Phelps-Dodge Phllco Corp Phil Morris Chicago Butter-Eggs CHICAGO (AP)-(USDA) Butter no tone; wholesale selling prices un changed: 93 score AA 57; 92 'A 67; 90 B 56-56',; 89 C unquoted. Eggs no tone, wholesale selling prices unchanged to 1 lower; 60 per cent a waite M-si't; meaium extras 94-S3',i; standards 34-35; checks 33-33',. Portland Livestock PORTLAND (AP) (USDA) Cattle for week, salable 1,985; trade generally slow; fed steers SO to 75' cents lower; other clas ses uneven but generally steady; short load choice 1,102 lb. steers early Monday 29.50; feedlot mates 29.00 Tuesday; other choice 28.00 29.00; good 26.50-28.00; standard 24.50-26.00; utility 19.00 - 23.50; good and choice feeders 26.00- 27.50; medium and good stockers 22.00-26.00; few choice heifers 27.50-28.00; good 25.50-27.00; stand ard 22.50-25.00; utility 18.00-21.00; few commercial cows 19.00-21.00: utility 17.00-19.00; canner and cut- , ter 15.00-17.00; light canners down to 12.50; utility bulls 23.50-25.00; four lioht ouHsra 10 ftft. 22.50. Calves for week, salable 365; trade active, closing fully 1.00 higher on vealers, strong to 1.00 up on calves; choice vealers 29.00 31.00; few to 32.00; good 26.00 28.00; standard 21.00-25.00; culls down to 15.00; 'good and choice stock calves 26.50-29.00; few veal er weights 31.00-33.00. - Hogs, for week, salable 1185; trade active; closing sales 50 cents to 1.00 higher but no test on No. 1 late; mid-week sales No. 1 and 2 butchers 180-235 lbs. 25.50-25.75 with mixed 1, 2 and 3 lots 25.00-25.75 Thursday; these mostly 24.75 to 25.25 Wednesday; heavier and lighter weights most ly 23.00-24.OO; sows 300 to 550 lbs, 18.50 to 22.00; no feeder pigs. ' "Sheep for week, salable 4,125; trade uneven; opened actively, closed slow; late sales 50 cents to 1.00 below a week ago; -choice local spring Iambs late 21.50, few 22.00; earlier sales 22.00 - 22.75 with high yielding Willamette val ley spring lambs and range lambs 23.00-23.25 early; high Wednes day 22.75 with no range lambs late. Good and choice feeders 17.50-18.50; early sales to 19.00, few 19.25; cull and utility ewes a.OO-7.00, good and choice "7.50-B.50. DAILY CROSSWORD ACROSS 1. Peel 6. Throws 11. Unsophis ticated 12. Nebraska city s 13. Carousal, 14. Sundial style 15. King of Baahan 16. r Jones 17. New England tatefabbr.) 18. Drain. 21. Emmet) 22. Plump 23. Abounding; in tidings (colloq.) 23. Utah Indian 26. Man's name 27.Shlpworm 29. Wading bird 32. Donkey 33. Native of Genoa. 39. Overhead 36. Throw, m rocks 37. Father 38. Intellect 40. His and 42. Smallest 43. Mia. ' represent 44. Wild cats (Bras.) 43. Egresses DOWX 2. Hair 2. Butt 3. Equip 4. The League 5. Hebrew letter 6. Near at hand 7. Chines seaport S.Mr. Levenson 9. Rosebush . spines 10. Soundness of mind 14. Gun (slang) 18. Cleansing . agents 1 I '"111" 11" jftr -'srs? 7ir " 7T " rfh 4 mm m -TT" - Business .- 41 - 57 - 57 M',4 - S9 .. 49 4 .. 14 - 37 .. 31 . 58 .. 79 .. 45 .. 35 13 . 16 114 . 43 371 .. 34 79 Phil Petrol Polaroid Proc k Gam Pug 8d P 4 L Pure Oil Radio Corp Rayonler lno .. Raytheon Repub SU Reynolda Met Reynolds Tob Richfield O Royal Dutch S Safeway Strs St Regis Paper ...... Scheniey Ind Scott Paper Sears Roe Shell Oil Sinclair Oil Socony-Mob Sou Cal Edl Sou Pac Ry Sou Ry Sperry Rand Std Brands Std Oil Cal Std Oil Ind Std Oil NJ Stude-Packard Sunray Oil Sunshine M Swift k Co Sylvania El T Texaa Co Texas Gulf Textron Tide-Asso Timken ., Transam Twen Cen Fox . V Union Bag 42'J 59 60 30 36 14 17 31 40 40 74 80 44 10 34 13 674 19 57 Ml' 56 44 41 19 51 2!4 46 54 5 15 37 39 16 9 71 81 47 16 63 36 34 33 54 31 35 7 33 35 71 20 'i 11 12 ',, 38 43 19 33 89 50 19 62 16 7 48 41 33 34 64 19 39 12 19 56 19 47 Union Carb - . 50 . 66 . 2 .. 47 . 90 .. 17 . 31 .. 40 . 14 . 14 . 33 . 51 . 57 131 . 16 . 93 . 13 . 14 . 48 . 13 53 Union Oil Union Pac Ry Uni Aircraft Unl Air Lines United Corn Unl Fruit US Borax US Plywood US Rubber US Steel W Warner Pic Wash Water P West Air Br Western Air Westinghouse Elec. Western Union Woolworth T Youngstown Z Zenith 81 Fair Demand Boosts Grain CHICAGO (AP) - A fairly good demand, mostly by specula tive traders, finally lifted all grain futures prices equal to or higher than the previous closes on the Board of Trade Friday after early mixed dealings. Wheat traders met a scattered demand from milling interests, then bid prices on up following word that harvest of the winter crop has been delayed in some areas because of too much mois ture. There also was some belief that unless warm, dry weather comes to the Great Plains region , soon a considerable volume of wheat will be forced onto the market as it is harvested because of high moisture content. Until now, most of the r newly harvested wheat has gone into storage because cash prices have declined below the government loan figure for the grain. At the dose, wheat was - cent a bushel higher, July $1.84 ; corn higher with the extreme advance in the Septem ber delivery, July $1.32tt-H oats -Vi higher, July .63- rye 1 1 higher, July $1.27tt ;soybeans unchanged to higher, July 12.24-; lard 15 to 23 cents a hundred pounds higher, July $12.27. Chicago Grain 1 CHICAGO (AP) Grain: WHEAT Osea Close i.84-r. July - 1.84','-!a September 1.86i December 1.91Wi 1.87-B6T, 191H-', 1.94H 1.921, 1.31',4-, 1.27,-i, 1.201, , ' 1. 110 1.24 ' 63 March 1.94!, May 4.91 CORN July ,. 1.3n'i-31 September December March May 1 CORN (New) . 1.15,i-',a 1.13", 126 1.201.', . 1.13 December March OATS July September December March S34 . 64,i-!, -67 68 1.26'i . 1.29',-',s 1.31 1.33a Ml, 68 1.27 1.30V, 1.31-,a 1.34 114- 1.11 1.23-21 1.25 129 RYE July ..... September December March SOYBEANS July September November January March 124i'i 1.22U l.lUi- 2 23", 2.28',, TWCE 19. Flows 20. Stringed Instru. ment 21. Con scious 24. There, fore 27. Gewgaw 28. Fish hawk 30. de p rgTIPIFlN"AlHi5l Yesterday's Aaswer 39. Swiss river corps 31. Plagues 34. Overhead trains 36. Location of "Leaning rower" 40. A spell 41. High priest 43. Exist Reports Sfo.ck Prices Recoup Loss NEW YORK (AP) The stock market snapped back vigorously Friday to recover more than half of Thursday's sharp losses. Paced by rails, the market pulled out of early irregularity and forged ahead for big gains until late afternoon when pre -weekend caution asserted itself and some prices were clipped. Even so, gains of key stocks went from fractions to better than a point. Some special issues wound up with gains of 2 points or more. Quoted values of stocks listed on the New York Stock Exchange rose an estimated lVi billion dol lars based on the rise in the As sociated Press average, which went up $1.20 to $173.80. Rail stocks surged ahead along a broad front on news of the Sen ate vote to kill excise taxes on freight and passenger transporta tion. The bill now goes to a Sen ate-House conference. Volume was 2.590.000 shares compared with 2,690,000 Thursday. Stocks and Bonds Compiled By The Associated Press STOCK AVERAGES June 26, 1951 3 15 15 Indus Bails Utilt Stks Net Change al 4 al.l a.l al.l rriaay zoe.f vb.i ou.o 173. a Previous Day 155.3 96.0 80 5 171.6 Week Ago 257.3 98.1 81.0 174.3 Month Ago 349.7 93 6 80 2 169.6 Year Ago 288.6 123.1 74.1 181.4 1958 High 2S9.6 98.8 81.1 175.4 1958 Low 234.7 80.9 72 9 156.6 1957 Hifh 280.0 134.7 77.5 188.8 1957 Low 226.0 78.1 66.1 150.9 BOND AVERAGES 20 16 KaUl Iadas d. d.l 85. 0 97.S 85.1 97.7 85.1 97.8 83.9 96.7 83.5 91.0 83.1 97.1 83.1 93.4 87.3 93.4 77.7 S9. 1 U Utils Frra unch d.l Net Change Friday Previous Day Week Ago Month Ago S3 1 83.0 93.1 93.0 93.0 85.3 93.1 90.8 90.9 83.7 83.1 83.3 83.1 Year Ago 1958 High 1958 Low 1957 High 1957 Low 81.1 83.6 79.3 828 78.0 Dow Jones Averages NtW YORK (AP) Dow Jones dot ing stock averages: Hirt Low Close 30 Industrials 475.36 470.S1 473.60 10 Railroads 119.80 117.61 11U7 15 Utilities 78.97 78.13 78.59 65 Stocks 165.54 162.69 163.84 Markets at a Glance NEW YORK (AP) Markets at a fiance: Stocks Higher: general recovery. Bonds Mixed; governments re bound. Cotton Mixed; liquidation and shdrt covering. . CHICAGO: Wheat Higher; ahort-coverlng and mm ouying. Corn Higher; light cash receipts. uan mgner wiu corn. Soybeans Higher; lata rally. rioga wesjc 10 so 1 cents lower: top 124. 50. Cattle Slaughter steers steady en scant oizerings; sop an.ou. Salem Quotations BUTTERTAT lAaidraaan'al Premium J8 no. 1 1. JS',, EGGS (Oregon Zgg Producers) Prices to farmers are S to S cent under these wholesale prlcea Jumbo A . M Extra Large AA 49 Large AA -. , .... , . . .46 Large A : . .43 Medium AA 1 J9 Small AA 31 POULTRY (Northwest Poultry Co I Leghorn Hens .14 Colored Hens .. - .20 Colored Fryera Old Roosters 33 M Portland Produce PORTLAND (AP) Butterfat Tentative, subject to immediate change Premium quality, de livered in Portland, 58-61 cents per lb; first quality, 55-58; second quality, 50-53. Butter-Wholesaie, i.o.d. duik cubes to wholesalers Grade AA, 93 score, 58; A grade, 92 score, 57; B grade, 90 score, 55; C grade, score, 53. Cheese To wholesTrs Oregon singles, 41-48: t-lb loaf. 43tt-53tt. Eggs To retailers Grade AA, large, 4546; A large, 42-44; AA medium, 37-39; A medium, 37-38; AA small, 27-29, Cartons 1-3 cents additional. Wholesale Dressed Meats Beef carcasses Steers, choice, 500-700 lb, 46.50-49.00; good, 45.00- 47.50; standard, 43.00-46.50; com mercial cows, 38.00-40.00; utility. 37.00-38.00; canners and cutters, 35.00-37.50. Beef cuts choice steers Hind quarters, 54.00-57.00; rounds 54.00- 56.00; full loins, trimmed, 72.00- 76.00; forequarters, 41.00-44.00; chucks, 42.00-45.00; ribs, 54.00- 58.00. Lambs-Spring lambs, choice, 44-55 lb, 44.00-47.50; good, all wts, 42.00-45.00. Pork carcasses-Shipper style, chucks, 42.00-45.00; ribs, 54.00- 58.00. Pork cuts-Choice loins, 12-16 lb, 60.00-64.00; shoulders, 16 lb. down, 39.00-44.00; sparenbs, 55.00-58.00; fresh hams, 12-16 lb, 53.00-56.00. Slab bacon-All wts, 49.00-59.00. Veal and calves-Choice, all wts, 46.00-54.00; good, 45.00-52.00. Produce Potatoes Local Russets, No. 1-A, 100 lb, 3.75-4.00; Central Ore. Russets, 4.00-4.35; bakers, 4.75 5.50; new crop Calif. Long Whites, 4.00-4.75. OnionJ-Calif. Yellows, lge, 50 lb. 3.00-3.25; med, 2.50-3.00; Texas White Wax, med. 2.75-3.00. Hay No. 2 green alfalfa, baled. f.o.b. Portland. 23.00-24.00 ton. Apples Oregon-Washington Red Delicious fancy, 8048s, 6.004.25: Winesaps extra fancy 88s and smaller 4.50-4.65. Celery California 2-2V4 dozen 5.00 9.50; Wt dozen 5.00 - 5.25; hearts' 2.50-2.75 a dozen. Apples Washington Winesaps fancy 88s and smaller 4.50-4.65; extra fancy 88-lOOs (.00-6.50; Cali fornia Transparents loose 45 lb. 5.00-5.50. Celery California 2-2Vi dozen 5.00-5.50; IVi dozen 5.00-5.25; hearts per dozen 2.50-2.75. . Bibson Reports: , Chemical Warfare Dangers Said High By ROGER W. BABSON Copyright ItSS Publishers tauuclal Bureau, Incorporated BABSON PARK, Mass. I have long felt that there would be a "shooting" war some day between Russia, representing Communism, and the United States, representing Free Enter 4 I must be started SX I taliatory power i . . . Soger Babson ""' "r i. ouco i cowiici may occur in South America, though the critical region now seems to be the oil-rich Middle East. Nasser, an able and ambi tious man, seems determined to make Egypt the hub of a great oil empire, with Russia as an ally. Should he provoke a conflict, the great oil interests of the United States, Great Britain, and other nations might push us into the fight, while Egypt pulls Russia in. WHAT A CHEMICAL WAR MEANS Most people now visualize a so-called atomic war. I feel that there more likely exists the possibility of an equally dan gerous chemical war. This may occur through various means, such as poisonous gases or bacteriological attacks. Russian pub licity centering on their advances in sputniks, missiles, and atom ic weapons may well be a cover for more serious work on.chem ical warfare. In addition to the closeness in the race for supremacy in nu clear weapons, there is another logical reason for a chemical or bacteriological attack. Russia would probably be more interest ed in destroying the people of our Urge cities, leaving industrial equipment, resources, and communication and transportation sys tems intact. An atomic attack, on the other hand, would reduce entire areas into masses of useless rubble. OUTLOOK FOR ECONOMIC WARFARE I am now greatly concerned over another possible Russian tactic, namely, stepped-up economic warfare against the United States and her allies' accompanied by more intensive propagan da. In fact, Russia may already be largely responsible for our business recession and the slumps in aluminum, copper, and oth er commodity prices. Steel prices have withstood the cutbacks in output to fifty per cent of capacity. Russia's supply of this and other commodities is rapidly increasing. Moreover, we must carefully watch the currently high outflow of gold from the Un ited States. A certain use of gold could take the place of gas, germ, or atomic attacks. Thus, Russia's rapidly advancing technical knowledge could cause severe industrial competition. She has accelerated her pro gram to expand trade with dollar-short Free World Nations. "Gadgets and gimmicks" such as subsidies and tariffs could tem porarily cushion us against such competition, but these may fur ther arouse Russian enmity and make things worse. If left alone, this recession could run its course by 1960. But an econ omic war started by Russia would cause more unemployment and business slumps. Moreover, it could inevitably lead to drastic inflation and may even drive our dollar to 23 cents. PROTECTING AGAINST WORLD WAR III I strongly advise all readers to work for sound economics in their own lives, in business, and in the government. Young peo ple in the central West should stay there, and others should avoid locating in large cities, especially along seacoasts. Invest ments should be widely diversified among the smaller well-run industrial companies, and among companies owning large re serves of natural resources underground. Chain stores with wide geographical and product diversifi cation are very desirable as a hedge against bombing and infla tion. Certain well-located real estate could become very valu able; All should build up reserve buying and investment funds, but void long-term bonds. Learn about Civil Defense survival suggestions. Finally, I emphasize the importance of sane Relig ious faith, good health, intensive education, and industry as the , best protection against World War III, and as the only hope for survival from any such catastrophe. Western Securities These bid and ask quotations repre sent prices at which one or more riealeri. member! of the National As sociation of Security Dealer's Inc, would trade witn tne general puonc at the time the quotations were gath ered at 3 p.m. yesterday: Bid Asked .. 31", 34i S4i; 27'4 . 15'iJ7',4 . 14 15a .. 19iSl,' is mi . 30'i 33 Va 7811 83 .. 35',' 37,i .. 22i KVt ... li't W . 24T'a M7s Calif.-Oregon cower Cascade Plywood Consol. Freight Iron Fireman . Jantzen Inc. Cora Meier k Frank Morrison-Knudsen Ore.-Port. Cement Pac. P. ft L. Com Pope ft Talbot Portland Gas ft Coke . Port. Gen. EIc. HAN&B Bank of American Bank of California 37't 404 33 36'i SO'.i M"t 45 'i 49,' 65. 67 41, 89 Chas. Manhattan First National First Nat. City N.Y. . U.S. National Investment Trusts (ZUka, Smlther ft Co.. Inc.) Bid Asked Affiliated fund 8.28 8.79 Canadian Fund . 17.Z7 18.88 Century Shares Trust 32.11 24.01 Chemical Fund . 18.41 17.75 Delaware Fund 10.04 11.04 Diver. Invest. Fund 8.18 8.98 Dividend Sharei 2.69 2.95 Eaton ft H. Bal. Fund ..... 21.31 22.79 Gas. Ind. , 12.78 13.97 Group Common 11.50 12.59 Incorp. Investors .. 7.53 8.14 Key Cust. Funds: B-3 15. 7 17.22 B-4 9-31 10.16 K-l 8.33 9.10 S-l 10.22 11.16 S-4 . 8.22 8.97 Man. Bond Fund 8.64 7.28 Mass. Invest. Trust 10.98 11.87 Natl. Sec. Series: Income Series S.23 5.72 Stock Series 8.93 7.57 Pref. Stock S. 7.50 8.20 NaU. Div. Series 3.40 3.72 Natl. Growth S.69 6.22 Pioneer Fund 13.89 15.10 Tel.-Elec. Fund 10.82 11.79 Value Line Inc. Fund 4.83 5.28 Wellington' Fund 12.58 13.70 Chicago Livestock CHICAGO (AP) (USDA) Hogs 5,000; moderately active; uneven; weak to 50 lower on narrows ana Jilts under 340 lbs; U. S. No. 2 and H90-250 lb barrows and gilts 23.50 23.85; several lota No.l and 2s 200 225 ibs 23.85-24.50; around 75 head at (24.50; No.2 and 3s 260-280 lbs 23.00-23.50; amaU lot No. 3s up to 300 lbs down to 22.50; mixed grade 400-475 lb sows 18.00-20.00 most 325 375 lb 20.00-21.25; most 475-550 lbs is.uu-iv.uu. Cattle 500: calves 100: all classes very scarce; steady: few lots good steers 25.00-27.50; some good and choice heifers 24.50-26.50; utility and standard 20.00-24.00: few commercial cows 20.50-21.50; bulk utility cowa 18.50-20.50; few around 1.300-1. 500 lb utility holsteins and Swiss 20.75-21.25; bulk canners and cutters 16.00-18.50; cutter, and utllltv bulla 11.00.24 00: rgood and choice vealers 28.00-31.00; utility ana standard 19.0o-2s.oo. - Sheep 300: not enough to test price range. A few prime spring lambs 26.00; good and choice 23.00-25.50; good and choice slaughter ewes (.00 7.50; cuU and utility (.00-8.00. Portland Grain PORTLAND (AP) Coarse grains, 15-day shipments, bulk, coast delivery: Oats No. 2, 38-lb. white 51.00- 53.00. Barley No. 2, 45-lb. B.W. 45.00- 47.00. Corn No. 2, E. Y., shipment 62.75-63.25, No wheat transactions. Car receipts: Wheat 26: barley 2; Hour 8; corn 31; oats 10; hay; mill ieea s. prise, rteveruieiess, each year in my Annual Forecast I have taken the position that a shoot ing war would not take place during the fol lowing 12 months. I now feci that no shooting war between the United States and Russia will tike place during the Eisenhower Administra tion. If a shooting war with Russia occurs, it by Russia. Because of our re- I now feel that Russia would hesitate to attack us directly. But some "brush war," such as the Korean War, may touch off a ur.U lir. T f l i. . River Yields Body of Man PORTLAND m The body of an unidentified man wearing a grey pin-striped suit with 25 in the pockets was found floating in the Willamette River here Thurs day. The man was believed to be about 60 years old. Deputy Cor oner Bill Farrell said the body had been in the water only a few hours. Linfield Chemist Quits McMINNVTLLE (AP) Luther R. Taylor, chairman of the depart ment of chemistry at Linfield College for 30 years, has resigned, lie said his health would not per mit bun to continue his teaching load. Chicago Onions CHICAGO (AP) Onions: Ooen Hiah Low Close November 1.85 1.85 1.83 1.83 January 2 00 2.00 1.97 1.97 Marcar i.so s.so 1.13 I. IS Band man's r - , ' 111 bh . v ."',?)'. LOS ANGELES Christopher Crosby, 15-year-old son of band leader Bob Crosby, follows his mother, Mrs. June Crosby, from police station early Friday after youth and another boy were booked on suspicion of "temporarily depriving the owner of a vehicle (Joyriding).' Officers said pair pushed sports .car out of a driveway and explained later they just wanted to try it out (AP), Senate Holds Line On Taxes By WILMOT HERCHER WASHINGTON (AP) The Senate voted Friday to eliminate 710"mrtlion dollars a year in trans portation taxes. But it held the line on other forms of taxation in passing an extension bill. Besides extending the 52 per cent corporation income tax rate for another year, the bill would prevent the excise levy on new automobiles from dropping from 10 to 7 per cent and that on auto parts and accessories from 8 to S per cent. It would also prevent excise or sales taxes on cigarettes from dropping from $4 to $3.50 a thous and, on distilled spirits from $10.50 to $9 a gallon and on wines by various amounts. If these scheduled tax reduc tions were permitted to go into ef fect July 1 it would cost the gov ernment $2,600,000,000 a year in l evenue. To Eliminate Taxes The final voice vote passage of the tax bill ratified a Senate de cision to eliminate the present 3 per cent tax on freight and the 10 per cent tax on passenger trav el of all kinds. The Senate, in a surprise development, had voted Thursday night to drop them. , Now the bill will have to go back to the House, which passed it June 5 but refused to relinquish the transportation taxes. President Eisenhower has asked Congress not to cut taxes at this time. He says any ' anti-recession benefits are outweighed by a gov ernment need for revenue. The House can either accept the Senate amendment wiping out the transportation levies or send the whole bill to a Senate-House Con ference Committee and try for a compromise. Anticipating the bill will go to conference, the Senate named these conferees: Sens. Harry F. Byrd (D-Va), chairman of the Fi nance Committee, Robert S. Kerr (D-Okla), Edward Martin (R-Pa), and John J. Williams (R-Del), and George A. Smathers (D-Fla). All the conferees but Smathers had voted against repealing the transportation taxes. He led the campaign for repeal. Passenger, Freight These taxes apply not only to passenger travel but the move ment of all -classes of freight by land, water or air. The repeal would wipe out a tax of 4 cents a ton on coal ship ments and a 4 '4 per cent tax on the cost of transporting oil in pipe lines. Senate-House tax experts esti mated the government would lose 450 million dollars from elimina tion of the tax on transportation of property, 225 million from re peal of the tax on transportation of persons and 35 million from oeletion of the tax on pipeline shipments. Shortly before the final vote on the bill, the Senate rejected 43-32 an amendment by Sen. Paul H. Douglas (D-Ill) to repeal the 10 per cent excise tax on local tele phone calls. Also rejected were a last-minute r eries of amendments to halve the 10 per cent tax on passenger cars ease the tax burden of small busi ness and to reduce or repeal long list of excise levies. Earlier, Douglas had proposed a six billion dollar slash in income and excise taxes, but the Senate refused to approve it. Dual Coat Asked LONDON (AP)-Prince Philip's tailor, E. H. Watson, suggests a lightweight cross between a coat and a shirt for men's hot weath er wear. Writing in the weekly Outfitter, Watson said it ought to have a shut collar, stiff cuffs and two cross pockets and be worn outside -the trousers. 1 Son Arrested Court Rules New Appeal for Oregon Con SAN FRANCISCO (AP) The U. S. Court of Appeals said Fri day that Cliff Daugharty, serving a 15-year bad check sentence in Oregon State Prison, should have another chance at appeal to the state courts. The Appeals Court reversed a Portland Federal District Court ruling which had denied Daugh arty's application for a writ of habeas corpus on grounds nis constitutional rights had been vi olated. Daugharty was sentenced in No vember, 1951, from Deschutes Countv and had asked the Ore gon Supreme Court to permit him to appeal as a pauper without ex pense to himself. The uregon su preme Court allowed hih to do so but on the motion of state's at torney dismissed his appeal Dec. 28, 1956, on grounds he had not filed in forma pauperis as per mitted. The Federal District Court in Portland, turning down his appli cation for a wirt of habeas corpus, ruled he had not exhausted his state remedies. The appeals court here said he had. Importance of Governorship Told to Demos If Democrats want to stay in control of Oregon government they must re-elect a Democratic gover nor, members of the Marion-Polk Democratic. Club were told here Friday night. Speaker f o r the meeting was Miss Margaret Clarke, research as sistant to Gov. Holmes and his 1956 campaign manager, who' said the office of governor is historical ly the most important political of fice that can be held. There are two areas of responsi bility for party workers in the coming months to insure victory for candidates in Marion county and throughout the state, Miss Clarke said. These are to get vot ers registered and to the polls, and to tell about the great issues the party has as a result of its record in recent years, she said. As a result of victories in 1952. 1954 and 1956 Democrats now have a voice in the policies such as wel fare, education, agriculture, Miss Clarke asserted. This voice would be lost if Republicans should re gain the governor s office, she con cluded. Tiny Bureau to Die PORTLAND (AP) The state will absorb the functions of Port land's smallest bureau July 1. The one-man Bureau of Weights and Measures will close as a result of an ordinance Dassed Thursday by the city council. NOTICE OF FINAL ACCOUNT ELSIE OP.RA BISHOP. Executrix of the Estate of ELSIE ADA BISHOP, Deceased, has filed her Final Account aa auch In the Circuit Court for Marion County. Oregon. The said Court has fixed Tuesday, the 24th day of June, 1958, at the hour of 0:30 a.m. in the Court Room of aaid Court, as the time and place for hearing objections thereto and the settlement thereof. ELSIE OR HA BISHOP, Executrix ELMER M. AMUNDSON Attorney for Executrix 1104 Liveslev BuUdlni Salem, Oregon May 24, 31, June 7, 14, 21. 1958. NOTICE TO CREDITORS Notice is hereby given that the undersigned was. on the 10th day of June, 1958, duly appointed Executor ot tne estate oi bussiu. a. MOHNEY. SR., also known as R. A. Mohney, Sr., deceased, by order of the Circuit Court of Marion County, Oregon, and has duly qualified as such Executor. All persons having claims against said estate hereby are notified to present the aame. duly verified, to the undersigned at 541 Court Street, Salem, Oregon, within six months from date of this notice. Dated" this 14th day oi June, IBM. JAMES D. MOHNEY, Executor of the Estate of Russel A. Mohney, Sr.. Deceased. CecU H. Quesseth Attorney for the Estate 541 Court Street Salem, Oregon. June 14, 2i, za, juiy s, 12, 199a. ADMINISTRATRIX' FINAL NOTICE Notice is hereby given that Frieda Hannah StadelL Administratrix of the Estate of Fred Gottlieb StadelL De ceased, has filed her final account aa such, and that by order of the Circuit Court of the State of Oregon for Marlon County, Monday. July 14, 1958, at 9:15 o'clock In the forenoon of aald day haa been fixed as Jhe time, and the Courtroom of aaid Court has been fixed as the nlace for the hearing of objections to aaid final account ana me settlement ox aaia estate. . FRIEDA HANNAH STADELI, Administratrix of the Estate of Fred Gottlieb Stadeli. Deceased R. W. PICKELL Attorney for Administratrix 314 Masonic Building saiem, uregon. June 14, 21, 2s, jury a. - CALL FOR BIDS Sealed bids wUl be received by the District Clerk of School District No. 24CJ, Marlon County, Oregon, up to 3:00 o'clock P.M., Monday, June 30. 1958. for furnishing naier supplies for the Salem public schools. speculation Dianas ana Dia forms may be obtained from and bids shall be filed with the District Clerk at 1309 Ferry Street, Salem, Oregon. Tne Hoara reserves tne rigni to reject any or aU bids and to waive lniormaUtles In bids. Dated at Salem. Oregon, this 10th day of June, 1958. tunnux u. wajui, District Clerk. June 13. I, 1958. Estate ULVA DERBY. Deceased NOTICE TO CREDITORS (No. 17-791) In the Circuit Court of the State of Oregon for the County of Marlon, rrobaie Department. NOTICE IS HEREBY GIVEN that the undersigned has been appointed administratrix 01 tne esiaie 01 uiva Derbv. deceased, bv the Circuit Court of the State of Oregon for Marion County, and has qualified. All per sons having claims againat aald es tate are hereby notified to present the same, duly verified as by law lequired. to the undersigned at 712 Sweetland Building. Portiana. ure- Son, within six months from the dale ereof. Dated and firat nublished June II. 1958. Last publication July 12. 1958. NELLIE DEHBX LU1X1K3, Administratrix ALLEN AND WALDUM. ' Attorneys. June 21, as, Juiy e, ij, iw. v Statesman, Salem, Ore., Sat, June 21, '58 (Sec. II)-11 Classified Index For your convenience ads are piacea unaer a general , neaaings all in numerical order. 300 PERSONAL T.nt anri Fnunri . 312 Meeting Notices Personal Stamps and Coins . Transportation . 31 318 318 U4 400AGRICULTURE Auction Salea Farm Equipment Fertilizer Lawn k Garden Livestock For Sale Livestock Wanted Food Column Pets Poultry k Rabbits . SeaOFoods . Seeda Plants 425 424 422 418 402 403 412 405 414 418 420 450 MERCHANDISE Aopliances Bicvcles Building Materials Boating -. Do It Yourself Floor Covering For Rent Miscellaneous . For Sale Miscellaneous .. ' Fuel Household Goods Machinery Tools Miscellaneous Musical Instruments Plumbing. Heating Sewing Machines Sports Equipment Trade Miscellaneous TV and Radio Wanted Household Goods . Wanted Machinery Tools . Wanted Miscellaneous 452 463 470 463 476 474 4R1 480 400 451 486 484 458 472 454 464 482 456 462 488 483 500-BUSINESS AND FINANCE Investments Loans Wanted . Money to Loan 515 512 510 600 EMPLOYMENT Babysitting (Your Home) Child Care Day or Contract Education Help Wanted Help Wanted, Lady Help Wanted, Man Job Information Pickers Wanted Sales Help Work Wanted, Lady Work Wanted. Man 615-A .. 815 . 620 . 618 602 .. 606 .. 604 . 617 608 . 610 .. 614 . 612 700 RENTALS Apartments For Rent . Business Rentals Convalescent Homes Duplexes . Farma For Rent Furnished 705 715 718 706 . 708 707-A 707 780 718 702 709 712 . 710 .. 703 Houses. For Rent Moving and Storage Resort Rentals Sleeping Rooms, Board . Wanted To Rent Wanted Rent Apts. Wanted To Rent Houses Wanted Rooms, Board . S00-REAL ESTATE Apts., Courts For Sale , 807 801 802 815 812 810 806 825 808 816 803 S18 Business Opportunities Buainess Property Coast Property Excnange neai t Farma For Sale Home For Sale Insurance Lots For Ssle Resort Property EttiourDan Wanted Real Estate 850 AUTOMOTIVE " House Trailers 852 Heavy Equipment . 855 Aircraft 80 Motorcycles ... 855 Auto Paris i Repairs 870 Auto Miscellaneous 872 Wanted Cars-Trucks 874 Trucks, Trailers For Sale 878 Auto-Truck Rentals .",78 New Cars 880 Foreign Cars 882 Used Can S85 Advertising Statesman Journal Newspapers XSt Church St NI. PHONE EM 4-6811 LOCAL RATES WEEKDAYS Per day , 1 2 2 4 S Per line .40 .40 J5 .32 "I, 30 25 TOTAL CHARGES (Mln. 2 lines) Weekdays Sua. per Una 1 time 40 .30 per' line S times 81-05 .95 oer line 8 times 11.50 1140 per line 1 mo $5.50 (Inc. Sun.) Minimum, when charged, 11.00 LOCALS 35a per line per paper Claulfiad ada will De run la both papera to give advertisers the ad vantages of the tremendous pulling Bower Of 31 Mi comDinea orciue ona. When an ad is ordered three or six times and a Sunday issue is in cluded (for example Friday. Satur day, Sunday) the lower Sunday rates, apply because only The Statesman publishes Sundays. riuiiried ads will start In the morning Oregon Statesman, conclude In the evening Capital Journal but ada will oe accepted for Sunday Statesman only. T. J..lln. fn lBmlftMl Bill lB . .iwi - . u .4 .. h.fnr. rtllhUnfltlin i.w p.m. u - r .: . except for Sunday when deadline la 5:30 p.m. Friday. Emergency ads and smau line aas receivea aner i. p.m. weekdays and until 12 noon Saturday for Sunday may be placed In the Too Late to Classify column. Aria for Monday papers must be In by I p.m. Saturday. Tha Stateaman Journal Newspa pers reserve the right to reject ques tionable advertising: it further re serves the right to place all adver tising under the proper classUica- uon. The Statesman Journal Newspa pers assume no financial responsi bility for errors which may appear In advertisements published in its columns and in cases where this pa- 1- , ,,.!. mill MnHnt that nart of an advertisement In which the typographical mlstaae occurs ana is responsible for only one Incorrect Insertion. A "mind" Ad an ad containing a Statesman-Journal Newspapers box number for an address is for the protection ot the- advertisers and must therefore be answered by let ter. The Statesman-Journal Newspa pers are not at UDerty to aivuige in formation as to the Identity of an advertiser using a ' Blind" ad. Ads in other columns which require investment in ihku, uihics. equipment or cash bond should be thoroughly InvesUgated before paying out any money. Advertisers requiring a cash investment for samples or merchandise sales aids etc. must ao specify in their ads THIS NEWSPAPER STRIVES to pro tect Its readers against traua. decep tion, or injuries Readers are cau tioned to make NO PAYMENTS to get a position advertised in' the help wanted columns. All help wanted ads MUST SPECIFY THE NATURE OF THE WORK. Sales help wanted ads must stale it the pay ia in the form of salary, commissions, guarantee, or include firm name. Bona fide offers of employment with pay belong to the "Help Wanted" columns. Kindly report any exception to this rule to the classified advertising manager. Alexander Graham Bell, Invent or of the telephone, spent 3$ of his summer vacations at Beinn B h r e a g h (Beautiful Mountain) overlooking Baddeck Bay, Nova Scotia. tat AOS IN THIS COLUMN RECEIVED Too Late to Classify Cute Kittens to Give Away EM 2-1313 RESIDENT MANAGER (Man and Wife) IMMED. position avail, for ac tive couple as resident man ager of major apartment. Will be responsible for physical operation, renting and admin istration. Residence included. Salary determined by Inter view. Seplies will be treated in strict confidence. Our employes know of this ad. Send appli cation in full detail to Box 430 Statesman-Journal. "51 rORD7Had good care neat clean S35Q. Ph. EM 4-3154. r51 VICTORIA Hardtop Ford S300. EM 4-5796: 1950-BUIck Riviera Hardtop A-1 inside and out. Sell or trade for factory-built camp trailer. EM 4-8706. 48 INTERNATL. 'i T. pickup & trailer S350. EM 4-3798. 2 BEDRM. newly re-dec. small dnpaym't. EM 2-1675. IUR. 2 bdrm. hse. $70 mo, AdultsLPhone EM2-7279. 2BDRMST& den, 2 baths. frpU carpeted. S100 mo. EM 3-7050. LEASE option: Almost new 3 bdrm k fam. rm., home $105 mo. Call Gene EM 4-6871 or EM 2-7977 Kraua or Kraus. RENT 1 bdrm. unfurn. hse. Newly dec. Gar. On bus line. Nr. Erickson's Mkt. So. 32S Fairview Ave. EM 2-3889. BENTTa "bdrm. home. Bsmt., oil furnace. SE. EM 3-7134. "40-22 H P. Johnson outboa motor. Ski prop. & rac' pipes. 2230 Breyman. U-PICKN7w. Strawberries. 1 Whitehead, 295 W. Chemaw Rd. U-PICK N W. Ar Siletz nice ber ries. 6c lb. 8095 N. River Rd. To Place Classified Ad CALL EM 4-681 : 300 Personal 312 Lost? and Found LOST June 19, yellow-green par akeet with gray w&ig tip Si tail feathera. Loves chUdren. Vic. of 18th k A. St. RE WARD. CaU EM 3-3835. LOST: Dark rim glasses In gray clip case on Wallace Rd. Thurs. Call EM 4-0278. LOST: male Great Dane. 5 mo. old. fawn color, ans. to name of Kemo. EM 4-2881. Reward LOST: Small Female Beagle. Vic. of Scotts Mills k Salem. Reward. EM 3 )276. LOST: Wallet. Paul S. Wolfe, with $9 cash. Will exch. cash for return of wallet k papers. EM 3 5460. 314 Tronsportotion WISH ride to Monmouth for summer session starting Mon. June 23. EM 3-2044. 316 Personal TOO MANY BILLS? Can't meet paymentaT Phone ua for help. FREE appraisal and Information. CREDIT CONSULTANTS Dial EM 2-8844 for Info. SPENCER" Coraetlere Miss Em ma Wuerdemann, EM 3-2884. EXPECTANT mothers, of any faith seeking confidential serv ices. Contact Catholic Chart tlea. 247 No. Com'l. Em 3-3965. ALCOHOLICS Anonymous 880 Marion EM 44548 ALCOHOLICS anonymous tkM S. commercial Lai 4-1802 400 Agriculture 402 Livestock for Solo 100 T. COND. ALFALFA HAY. $15 T. In field. No Tain dam age. Mllford Hoover, Ph. 297W Rt. 1, Independence. CRAY thoroughbred mare, sired by Lawrence M. $150. J. Os trander. 4255 Center St. GREEN Clover Grass Hay, $20 T. del. EM 2-2925. FOR SALE gd. clover hay. baled In field. Harold Toell 8003 Larden Rd. VERY nice kid's pony, approxl 600 lbs. 1605 Boone Rd. SELL or trade. 4 good saddle horses, 2 kid ponies. Sharon Payne EM 2-3192. 2 GENTLE bay mares. 10 k 11 yrs. Kida horses. $200 ea. 1295 Alder Dr. 403 Livestock Wonted"" CATTLI horses at your farm. E. C. McCandllsh. EM 3-6189. CATTLE Buyer. A. F. Sommer. 5395 Dallas Rd. EM 4-9067. CATTLE-Snethen 4105 Silverton Rd. Em 2-1345 or Em 2-4380. BUVi'K-Claud Edwarda Rt 2. Box 89HE EM 4-1113 TOP cash prices at your place. Ray Cozel. EM 4-3168 Collect. 405 Pets PUPPY Farm; Stylish pure breds. Wire Foxters. Beaglea. Teddybear Collies. Scotties. Pekes. Toy Foxters. Red Hunt ing rjunds. Low prices. Al ways open. Douglas Kennels, Scotts Mills Ore. Drive to Sil verton contln. on Hwy 213 to signs. REG. Springer Spaniel pups. 2 moa. old. liver k wht., 277 Fisher Rd. 7 YR. old palomino mare excel, child's horse. EM 4-3672. S-LB. A.K.C. reg. Pomeranian stud service. Also puppies. EM 3-7731. Let. A Classified Ad Solve That Problem EM 4-6811 .1
