EUGENE 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