Eugene register-guard. (Eugene, Or.) 1930-1983, May 18, 1962, Image 21

Historic Oregon Newspapers

Eugene register-guard., May 18, 1962, Image 21

Image provided by: University of Oregon Libraries; Eugene, OR

About Eugene register-guard. (Eugene, Or.) 1930-1983 | View Entire Issue (May 18, 1962)

Prev Page of 32 Next Prev Issue Next Text PDF JP2 (2.5 MB) Clip/Print Image

Return to Top

Prev Page of 32 Next Prev Issue Next

Newspaper Page TextEUGENE iJEGISTES CUASD, Friday, May 13, 1862 Pg 58 " jPaiaifcaBsssi Business Beat Quarter Increase j Shown by Debits j By BOB NEWCOMB of the Resister-Guftrtf Business activity in Eugene during the first four months of this year has proved greater than in the same period of 1961, based on bank-debit figures releases by the Federal Reserve Bank of San Francisco. The value of debits from January through April this year totaled $404,903,000 in Eugene, compared to $358,455,000 in the previous year's first four-month period, representing a 14 per cent increase. For the month of April this year, debits reached $106,748, 000 in Eugene, compared to $92,625,000 in April one year ago a 15 per cent increase. The report also lists an 8 per cent increase for Portland for the first four months of this year as compared with the same period a year ago. In Salem there was a 1 per cent decrease in this year's first four months as compared to last year's record. Bank debits represent the dollar value of checks drawn against deposit accounts. NOW PERMANENT Albert W. Krenger, who joined the Eugene office of Equitable Savings & Loan Assn. last Janu ary, has been named a permanent sales representative with the firm. Krenger, a resident of Eugene for the past 23 years, for merly was in the vacuum cleaning and sewing machine busi ness here. He sold his interest last year to his partner, D. R. Stoker. Last month, Krenger topped all of Equitable's 42 savings representatives in Oregon and Washington in total sales, according to Malcolm Frykman, vice president of the firm. Krenger and his wife, Feme, reside at 1905 W, 20th Ave., Eugene. WEST COAST RELOCATED West Coast Realty, former ly situated at 1245 Willamette St., Eugene, has moved into new quarters at 482 W. Seventh Ave. The new offices give the firm about three times as much space as the former location offered, according to Mrs. Al Ramseier, associate broker. The firm now has a total sales staff of nine, including Mrs. Ramseier. Broker for the firm is Jack Fitz of Corvallis. Present plans call for staff expansion in the near future. EMPLOYE RETIRES Mrs. L. B. Ritter, of 480 N. 37th St., Springfield, was honored this week at a dinner marking her retirement as a sales clerk and checker from W. F. Wool worth & Co. in Eugene. . Twenty-nine fellow workers paid tribute to Mrs. Ritter, who joined the store in 1945. Store Manager William Lush presented her wtih a corsage and a parting gift. SAWMILL NIGHTSHIFT ENLARGED Georgia-Pacific Corp. this week added 17 men to the night shift of its Spring field sawmill, according to Manager J. O. Dixon. He said the mill is putting a crew on one planer, in addi tion to its 34-man crew operating a "pony" band saw. Dixon said some men from the day shift (employing about 225 persons) are being transferred to the night shift, with some newly hired employes completing the staff. ATTENDS MANAGEMENT CONFERENCE J. Robert Isaacson, assistant manager of the Eugene office of New York Life Insurance Co., was a featured speaker this week at a management conference in San Francisco. Stock Market After Early Morning Losses NEW YORK m The stock market made a late turnaround and closed higher today. Trading moved at a snail's pace throughout the session. After having been down early in the day and then mixed, prices showed improvement just before the close. Volume for the day was esti mated at 2.5 million shares, com pared with 2.95 million Thurs Financial NEW YORK STOCK EXCHANGE Selected List Reported by Harris, Upham & Co. May 18, 1962 AllMhiny 'ont Can ! 91 M'i 474 All Ludlum 4"!.. A Chemical l" Al Chalmrs 18 Alcoa 5i Allied Stora 6.1 Alum ltd 23'- Amerada loe Am Airline 19H Am Can 43 Am Cyan 443i A El Power M'-s A M F 27-v, A M Cllmi 3V' Am Motors 15n'i A Nat Gas 4H A TeliTel 120 A Tohacco 35'a Am Viscose Sfi'i Ampex 15 Anaconda 45'4 Cont OH Corn Prod Crown Zel Crucible 17 Curt Wrijht lt' Deere 49H Disney Douglas Dow Dresser 321. !6i DuPont 225 Eastern Alrl 23H Eastman KW'i El Paso 22'. Erie 3'. First Chart ,v. Ford 90 Fruehauf 23 Gen Dvn 79H Gen Electric 71'a Gen Food 1H Gen Motors S2'i Armco Armour Atchlaon Avco 58'. W 25 2.V, Gen Tel 224 Gen Tire C,a Pac Gillette Goodyear 26' s Ral & Ohio 27 Beckman PS-1 Rendlx 4 Reth Steet 3H' Roeing 45 Bor Warner 41 i Brunswick 32' Burlington 23- Burroueha 41H Campbell 04' J. I. Case Caterpillar 36'a Celanese 38W Cerro De P 25 Cessna 2S Ches&Ohlo 5-Vi Chrysler 49 Cities Sve 52 Colo Fuel 1I' Col Gaa 26H 42'. 31' Grace 69 Gl Northern 41' Greyhound 281 Gulf Oil 38 ! Homestake 51 Howe Sound 128a Ideal Cem 2Si 111 Central 40 IBM Intl Harv IntI Nickel Intl Paper 45' 52!.', 72H 3(1'. Intl T T 44H Johns Manv 49 Jones I.au 54H Kaiser Aim S1H KennecoU 79L .tt.u.iH km and asked Quo tations from the National Assn. of Securities Dealers no not P""" actual iran-n"-- r gulde to the range within which these securities couiu m.. -bought or aold at the time of com- p.l.llon. BI0 Albertsona JJ Arden Fsrms. Com 16- Bank of Amer Sl' Big "C" Stores 3 Cas Nat Gas Cascade Ply . Consol Ftways li s Etultable S L J First Natl Fred Meyer '?'" Hyster, Com JJ Jantren. Com JJ Kaiser Steel Koehrtng J"1' Morrtson Knud J NW Nst Gaa ' Oregon Met Pac Inmtn ExP pp f. L, Com JJ'a Pop. Talbot Port Gen Elec ' Port Trans Com ; Seattle First Natl JJ Thrill? Drug 'J1' Tollycraft United Pacific "s IS Natl Ban . W arren Bros JJ Wash Nat Gas J? West Coast Tel s West Nst Gas WaaUhaeuser ASK I4H 18 S4'4 4-H H'l 12' 43'i 62'J lla 25a 32's 23H ll'l 33 33'l t 14 27 26't 271, 11 65H 40H 3SH 7!' 23'. 33H Closes Higher day. The tobaccos were hurt by a Wall Street report that an article on smoking and health will be published in a forthcom ing issue of a national magazine. Reynolds Tobacco and Ameri ca Tobacco fell about 2 points and Liggett & Myers and Loril lard were off more than a point. Losses of most key stocks, other than tobaccos, held to less than a point. Reports DOW JONES CLOSING AVERAGES 30 Industrial, S.W ?0 io It 1.91 20 Rills, 131.32, down .2 IS Uttlltlei, 122. 29, up. 10 2,490,000 shares Kerr McGee 34' Safeway 49'i Litton I Kit st Reels 32 Lockheed 45' Sand Imp IP Lorlllard 50 Schenley 2m Mack 39Mi Sears a.2'4 Magnavox 40' j Shell TiT 18't Martin 23 Sinclair 35'. McDermolt 25't Socony St1- M G M 40 South Co 5(1'. Minn Mlg B2'i So Pacific Monsanto 48 Sperrv 17' Mont Ward 32H Std Oil Cal 59 Natl Biacult 41 Std Oil Ind Natl Cash M4 Std Oil NJ 53s Natl Dlst 2S studebeker ?' Natl Gyp 49 Sub Gas 1ZH Natl Lead 84 Sunray M't NY Central Swift 401 No Am Ay J3 Tenn Gas 23't Nor Pacific 37H Texaco 54a, NW Alrl 17-. Texas Gulf 14'i Olln Math J3-H Texas Inst ti't Outboard 17'x Textron 27'a Owens 111 81", Thlokol .In Pacific Gaa 32 Thom Ramo MH Pan Amer 22a Tidewater 191 Penney 4., Transamer 41 H Penn RR H Un Carbide 99 Pepsi 431, L'nOl! J7 Pflrer SO' Un Pacific Jl"4 Phillips S3. United Aire 48H Polaroid 141 Cntd Alrl 30H Proc & Gam 77' Cntd Fruit 25' Pure Oil 33 US Borax 32 Radio 54, LS Plywood 43 Rayonler 20' US Rubber 48" Raytheon 35' t'SSieel Sfl'j Relchold 1J UN Match Jfl Rep Steel 47t Uplohn 3'4 Rexall 3i Vartan 38'a Reynolds 28 Wes Union 36 Reyn Tob 53'. Westlnghse 32H Rlchdsn-Mrl 83' Woolworth 77 Richfield 37' Voungstown 88H Royl Dutch J Zenith !' CLOSING QUOTATIONS AS Or M.v 17. 1962 MUTUAL FUNDS (Last available ( prices as reported ov mm, smiiner & Co., fcugent uitice. rid Aberdeen 2 17 Aff. Fund 7.71 Boston Fund 18 49 Bullock 121 Canadian Fund 17.11 Century Sha. U 89 rh.n.t.Bl r.mit 1(183 ASK 2.18 34 20.21 14.14 18 52 14.09 II 58 13.21 12.10 10 88 971 3 38 17 28 I Colnal Grwth tnrgy 11 10 colonial rune Com Inv. Co 9 77 Diver Growth - 8 90 Dividend Shs 124 Drevfua Fund IS 0 Fidelity Cap 8 28 Flnan. Indust 4 39 Fund Inv - 9 43 Grop Sees. Avtain Elec 7.42 Inc. Of Boston 7.74 Incorp. Inv 7 30 Keystone S I 1J 50 Mass Iny GrowtB 7 89 Mas Inv Trust U 8 Natl Inr 14.70 Natl Stock One Wm. St 1189 Pioneer 9.34 Putnam .15 24 Putnam Growth 8.80 Telev Elec 7.58 United Aceum . 11.83 8.98' 4 81 ' 10 33 III i 8 7.98 14.981 1.82! 13.18! 1189 882 13 87 101! 18 57 57 838 15,11 11 11 18 74 1531 United Ine 11.08 Morticians Convention Set at Grove Funeral directors from throughout the stale will gather at Cottage Grove Sunday through Tuesday for the annual convention of the Oregon Fu r3 neral Directors Assn. The conven- l null, tu ire irciu S, j at the Village . ' i Green Motor . Hotel, will be- reeistratinn and fV ."aaa a business ad- E '. 1 I ministration It 1 I meeting at 12:30 I II I p. m. standard, last UaaaasassJ 1:30 p. m. day. Everbart light. That will be followed by a buffet dinner at 5:30 p.m. standard, 6:30 p.m. daylight. Elton A. Everhart of Molalla state president, will give a wel coming address to delegates when the convention opens Monday at 9 a.m., standard. 10 a.m. daylight. Bernard H. Milkes of the accounting firm Farter, Milkes and Posedcl, will give a luncheon talk on the subject of management planning. Officers for the coming year will be elected Monday and will be installed at an annual ban quet Monday evening at 5:30 p.m. standard, 6:30 daylight. Dancing will be to the Stariight ers Orchestra. Also on Monday a special Ladies Luncheon will be held. The adoption of the medical investigator system, which has replaced the former coroner system In Oregon, will be dis cussed during Tuesday's session. A Tuesday luncheon talk en titled "The Trouble with Words." will be delivered by W. Scott Nobles, professor of speech at the University of Oregon. Howard C. Raether, executive secretary of the National Fu neral Directors Assn. will speak Tuesday afternoon on the topic, "The Sun Kises m the West." A question and answer period by delegates will close the conven tion. Lumber Price Trend Is Up Some lumber prices have moved up $1 a thousand board feet and others have stabilized recently, Random Lengths, the Eugene market letter, reported Friday. The total volume being trad ed is not exceptional for this time of year, Randon Lengths said, but it yet exceeds or equals the production from mills. Less than the usual ptopor- tion of production is coming from the Douglas fir region. Some mills have been unable to start their planned summer logging because of high snow in the mountains. Jn British Columbia, produc tion is just getting under way following the period of freeze and thaw. All this has added to the wor ried attitude of the industry and led to the tighter than usual supply and is forcing prices to stand still or move up a little. Portland Markets PORTLAND Iff Buit?rfat tenta tive, K.hject to immediate chins Premium quitity delivered In Port land. 64 cent la.: ftnt quelttv 61; second juHty 5. Butter orlnt per lb. to retiJJerj- Grade AA, 93 core, 66; A grade, 92 core, 6S; B grade, SQ tcore, 63. Chewe lo retailer s,nslediiM t7'fc-48Vfe processed American, 4!v : Eflin to reiailert Crd AA. ex tra (aTSe, 3942; AA large, 3-4fti; A taree, 35-37; A A medium, 3fl-3; AA small, 24-29, Cartons 23 cent add.-: Uonal, Effffs to prodHrer, at farm AA extra large, 29-32; AA Urge, 2?. 3t'i; A lare, 25-27: AA medium, 20-25', AA small, t5-t'-a. Live poultry w rwct- f ob. ranch No. I quaHtv frer. 2H-4 J. Jo-20; mm fien a-; heavy hens 12, Rabmis average in mtqt i-w-b while. 3nk-4-i ibi 24-28; some down t 20; colored pelt, -S tenia Jesv, fret killed fryers o retailers, fift-62. lew to 5: cm up bi-6s. WftoletaJe uresien meats Beef tut choice steer Hind quarter, M.oo-55.(W; roumi wt.flti 32 00; full )oin trimmed, 77.O0-79.ft0; forequartera, 35,0ft-3.W, chucks, 4000-42.00; rtb, ft7.0O-5.0O. Lambs Cholre-prlme, old crop, m lbs., down, 33 09-37.60; sprinj umoi, 42.30-46.00. Veal Choice. WMW ths. Mflfl 57.00; food, &3. 00-500; sundard, 4S.0O-52.O0, Produce: Onions Ore. nverj, med, SO-Ib. Ikl , 3 UO-3 23, Igct 3 0. Polatoes Ore. local fctmett. No. IA, 100 tba., 3.75-4.00; Desrhwte Rut sets; New: Calif, Long Whites, No. 1A, J 33-3.73. Eugene Markets OREGON TOO PROOVCEM Extra Lari AA 2 Lar AA i Small AA ft Jumbe A .. . c Extra IrCt A . c : Una A ' j M-dlum AA - MHum A Cha at Thurston V "N4 XJ JEANNETTE HANSON Receiucs $4,000 Grant Missing Planet? Astronomers assume that one planet is missing since, theoret ically, there should be a planet revolving in an orbit between Mars and Jupiter, but no planet ever has been found there. Portland Livestock PORTLANB UP1 USUAi Weekly livestock: Cattle i7tt. good-choice steers steady to 25c tower; mostly choice 1360' MOT lt 27.58; mixed good choice 26.50-27,25; choice heifers 26.50, sood choice 2 26; uliiiiy slandard 17-23; canner culler cows 32-15. Calves 310; fiood-cholce vealers 26-30; few choice 31 lale; stand ard 23-26; lew good-choice steer calves 29-30. Hogs 1850; 1 and 2 butchers !? 75 18 311; 1, 2 and 3 grade I'Ml'M Is W-I7.75; sos i2.50-15.5U. Sheep 2250; choice-prime spring lambs 20-20.75; choice old crop shorn lambs 15.50-15.75; ewes cull good 24. 1962, Bureau X - Trintcd in the interest of more effective idvertwing by Tils EUGENE BEGJSTEltGUAllO Valedictorian Wins QP Scholarship Jcstmette Hanson, valedicto rian of Thurston High School's 19132 senior class, Thursday was swarded a Georgia-Pacific Foun dation scholarship worth up to $4,000 to assist her in getting a college education. Miss Hanson is the daughter of Mr. and Mrs. H. A. Hanson, 355 South 35th St. She was noti fied of her selection by Arthur P. West, resident manager ol the Market Furor Puzzles Californians EDITOR'S NOTE: Stock prices speak a common, lanauaoe to Americans tit at! parts o the jiatioM. SWiat effect the recent sfmrp fuctiioiioss iio ftad ok (lie thinking of Californi ans is discussed i this, sec ond of three setf-eatttatned ar ticles from the West Coast. 8y SA5I DAWSON Ol the Asfocttted Prec SAN FRANCISCO The sharp downs and ups of stock prices in recent days worries many Californians but puzzles them even more. Many fear specula tors first pushed prices too high and then reacted too much to the squabble over steel prices and to government stock market investigations. "What's the matter with peo ple in New York?" asks a sub- Portland Grain PORTLAND M White wht 2. IS. Soft K'htie herd (ppiicsblc 2.14. WhtU club 2.1fl. Hard red wmwr 2.26, Hard white baart, ordinary 2.19. Oats no bid. Barley no bid. of Advertising, ANSA . . Ma, fx j Springfield division of (he Geor- gia-racmc corp. This is the second of three such scholarships to be awarded this spring in the operation are of a Georgia-Pacific's Spring field division. The first went re cently to Steven Peterson, o Cresweli High School, Stiii ta he announced is a winner at Springfield High School, this soring in the operation of urban housewife who is one of j the million of small stoekhold- ets in the nation, "Business is good and getting better. What! are they afraid of?" , . , ... But some hankers and indus- friaiists here think the recent shakeout shouldn't have been such a stirnris as manv swk. holders seem to find it. 'What's the Surprise? "A lot of market foiiowers hav been savittt? for thr vr-ars that prices of many stocks were ilB K"s wujijeu, sajs going too high," says Rudoiph Esene E. Trefethen 3r.( execu A. Peterson, vice chairman of live-president of Kaiser Indus the Bank of America, the na- Corp, in Oakland, "Sut tion's lareest. "Thev eot out of line with current earnings or Tn,e economy here is sound. K's prospects for some years ahead, fioing to oe a good year in So what's the surprise?" j spile of the slock market. We , ., , ,j expect lo continue to grow " O. N. Wilier, president of J, . , , ,. , Standard Oil Company of Call- Vagaries o! stockholders fornia, admits the stock n!ar. asomng sonielimcs pnwies kefs sharp drops and recoveries Norman a. Sutherland, presi have been worrying everyone, d!i,t of & i-lecirsc. business executives as well asj "li's often hard to figure the average citizen. But he sus- why people sell or buy our pects a price decline was in the stock", he says, "Sometimes the making well before the head-i price falls after we've an lines about the set-to of Presi- nounced increased earnings and B I REACH 99 MiUiomConsumers Read a Daily Newspaper Each Weekday' These readers make tip the largest audience avaiiabie to any adver tiser in any medium, A recent study of this cationa! newspaper paper to eimoKt the lolal market for sny product. For the local advertiser, this massive readership symbolizes the local reach of his own local newspaper into almost S out of 10 homes every day. No matter what the product or service an advertiser want to seii, more people caa read about it in the pages of the daiiy newspaper, "Tht Daily NewpapM And It Rradinf Public Audii and Survey Co, In ! Ceoriia-Par-ifir-'j amrinnTiffif At vision, joe iirst went recently to Steven Peterson, of Cresweii High School. Still to be announc ed is a winner at Springfield High School Miss Hanson, who wiii bo 58 ion June 15, has s grade point ; average of 3.B3 for her three I years of high school. "Straight A" grades would have meant 4.i grade point average, j dent Kennedy and the steel companies. He cited the high prices of stK stocks bt also thinks that opi Si'ared "nsar- y when the economy this year failej to fise kiei, saa!s set eariier by the adntinistra- tion. And the continuing foreign tunnou wnciher in l-aos or Berlin makes some sloris trad ers edgy. 'Hard to Figure' "A iot of siociihoitiers ofavi- people aren't really scared yet 2iitii " ' 'Mi i(".4fl"4wr' : ) (k 5 --. Ju f- v'i L GG EST stidkftce shows that st includes SQ per cent of ail men and women ever 21 ...and 72 per cent oi s!l Js huge and consistent readership can bs depended upon fey advertisers is a habit with most people.,, iheir everyday Jives. For the national She plans to go either to Wii-. iainciio University, Heed Col lege or the University of Ore gon, Her scholarship will pay $i,003 a year if she attends a non-tax supported institution or $750 per year if she goes to lh&" University of Oregon. Miss Hanson pian? to major, i in psychology, philosophy or se ciology. stressed ine prospects for steady growtn. me price Bounces bacK,' though, and there was littl evidence lately of scare selling." One Thing Bocs Worry Some companies have Been lessened very lightiy by the ra ce",', goings on ai the itorJc exchanges. "We haven't been worried by' the recent flurry in the stock' market," says H. Wyri Stearns; president of Varian Associates,", Palo Alto electronics firm, "Var ian stock dropped before lh recent break but recovered. In , all this recent hullabaloo th$ ' price hasn't moved more than" one point." For all of their general calm,.? one thing tiocs worry the easi ness and financial leaders here and apparently the ansa stockholders too. " That's the off chance that i widely swinging market might upset confidence jn lime noi only of stockholders but of con sumers and businessmen in gen eral, Nest; 'Westerners have their eyes on outer space, " teen-agers, age 15 and over. because the daily news an established part oi advertiser, this amount 4t't ISx II-1. Value I-lne 1M !A Wellington 14 44 Wellington Cn 14.07