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