Eugene register-guard. (Eugene, Or.) 1930-1983, September 21, 1962, Image 30

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Eugene register-guard., September 21, 1962, Image 30

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Newspaper Page TextPage 16B EUGENE REGISTER-GUARD, Fit, Sept. 21, 1962 Business Beat ii;.iV,i;X;:vt.iii:r.;r.?f.a..LSi'i.:.: f-JdiUUdiiiL Close-Out CANVAS LAWN FURNITURE Money Flow Still Rising By BOB NEWCOMB Of the Rrglster-Guard tfpi Bank debits in Eugene continued on the uptrend during ' August, reaching a total of $122.1 million for the month 12 per cent above the totals for August, 1961. And for the first eight months ol this year the city's ac cumulated total of bank debits was $872.4 million 14 per cent above the same period for 1901. The figures are provided by the Federal Reserve Bank of San Francisco. Bank debits represent the dollar value of checks drawn against accounts, and are an indication of general eco nomic activity. Comparable figures for Portland for the first eight months 8.6 billion this year as compared to $8.7 billion last year, for a 9 per cent gain. In Salem for the eight months debits have totaled $1.2 billion for both years and therefore show no per centile change. HOLDING COMPANY FORMED The Industrial Invest ment Corp., a holding company formed last October, is scheduled to open for business Oct. 1 in offices at 210 E. 17th Ave., Eugene. Sterling Davis, 44, who formerly was presi dent of a similar firm in Sioux Falls, S. D. ll "" den' and general manager of the new firm. I a charter granted by the state corporation I I - J commissioner, Davis said, allows the firm to pt "y t'co' 'n 8encral financing and investment, k 'ayf"' Other directors in the firm include John 0. V jV Chatt, president of the Lane County Escrow WsJ Service, Inc.; William S. E. Sanderson and Wil liam B. Hilton Jr., co-owners of Westward Ho, Inc.: Robert Hadland. president of the Bank of Shedd and the Bank of Brownsville, and E. W. Poland, vice president of the Bank of Shedd. Davis said the Eugene office will serve as headquarters for the firm, which intends to opernto throughout Oregon, possibly establishing offices in other communities. Paul Humlie of Eu gene has been named sales manager. Industrial Investment has been capitalized at a million shares of common stock, Davis said. Plans call for the firm to purchase controlling interest in various types of industrial and business firms, he said. Davis has been a resident of Eugene for the past year. Be- fore moving here he sold most of his interest in the South Dakota firm, he said, which he had formed in 1955. Davis, his wife Helen, and three of their four children Karen, 13, and 9-year-old twins Vicki and Jami live at 473 Roan Dr., Eugene. Another daughter, Sherri, 18, is attending Bngham Young University in Utah. Davis Stocks Close at Sharp Low After Two Selling Sprees NEW YORK I The stock market closed sharply lower Friday in heavy trading. The list was struck by two selling waves, each accompanied by late ticker tapes. The tape ran late at the close. A downside penetration of the Dow Jones industrial average below the significant 600 level Port of Portland To Move Drydock PORTLAND (UNI The Port of Portland's new 27,000-ton dry-' dock will be moved Monday to the Swan Island ship repair cen ter. Three lugs will be used to transfer the 661-foot dock from the Gundcrson Brothers Engi neering Corp. plant. In its new location, the dry dock will be teamed with two smaller ones so that three large ships can be handled at once. brought in additional selling, brokers said. This average also pierced its Sept. 7 low. Prices declined from the start and were hit hard late in the morning. Steadying at their lows for a while, stocks sank again under a renewed gust of selling late in the day. Volume for the day was esti mated at 3.6 million shares com pared with 3.35 million Thurs day. Key stocks declined from frac tions to about 2 points. Some of the "growth" stocks took wider losses, as usual. Po laroid was down about 8 points, IBM dropped more than 4, Cor ning Gloss about 3 and Xerox more than 2, The list was struck by heavy selling around mid-day. Tickers ran late. In general, prices held about at their lows in the after noon. Corporate bonds were mixed and U.S. government bonds were up slightly. Trading was light in both markets. Financial Reports NEW YORK STOCK EXCHANGE SHccted List Reported by Harris, Upham & Co. Sept. 21, 1963 Alleshany 7-H All l.udm 28'. Al Chcm 37 H At Chalmers 14 Alcoa 84;i Al Stnrrs 51's Alum Ltd Ill's Amerada WJ' n Am Alrl lrt;'a Am Can Am Cyan 4l's Am El Pow Itf.'s AMK Ill's AmMCIIm 2li . Am Motors 17 Am Nat (las 311 Am TAT III) Am Ton 21la Am Viscose 52Ts Amppx m's Anai-onda .17' a Arnico 42 Armour "1U Atchison 21 Avco Hal A Ohio NS Reckman PW's Renrttx 4-'s Reth Steel .10' anting .19is sorg War 3ft Irunswlt-k 1R' surlttiBlon M's lurrotiKha .Li's Campbell 01 's 1 1 Case It's Caterpillar .1:i'-j Tolanese .IVs Torro Ue P lls Tessna 17. Thes & Ohio 4's Thrysler P..V'a :itlesSve soi olo r'uel -a Colmba Gas 23'a Com Can Com Oil Corn Prod Crown Zcl Crucible Curl Wrht I term Disney Douglas Dow llrcsscr llul'ont Kaslern Alrl Kaufman t.l I'aso Krle Hist Chrlr r'ord Kruehauf Gen Dvn Gen Klec Gen Kood lion Motors Gen Tel Gen Tire Ga lac Gillette Goodyear Grace lit Northrn Grey hound Gulf Oil llontrstak Howe Sound 111 Ideal ( pm III Central I It M Intl llarv Intl Nickel Intl Paper InllTelATel Mi's lohns Manv 40 lonrsatl.au 4.1 Kaiser Aim 3-1 Kennecolt M' l'a W Ml-'s 431-4 IS 17H 44-i, 2a's 2i-yB 30s 2l-'s 204'. IS la 2-yk M'a 4ls 2I' 231, 65' s 7IH, 33 Ill's Ill's .la's 3.V, 27', .TV's JJa 2ti'. .Id's 35 3.1'i 377 43', 53' s Jo's DOW JONKS CLOS1NO AVERAGES 30 Industrials 501.78. down 8 87 20 Halls 117.70. down .91 13 Utilities I2II.S0, down .113 Volume 4.2HO.0OO Kerr McGee 35? I.lllon H(Us 5l-'s 441, .13', .'13 22', 23 31', 30'. 41". Lockheed l.orlllald Mack Matfnavox Martin McDcrmott MUM Minn Ml Monsanto Mont Ward 27'i Natl lllscll .10 Natl lash 7H , Natl Dlst 23 Natl Gvpsm 30', Natl Lead AO's NY Central 1.1 No Am Av Ill's Nor Pacific 32a NW Airline 32-V. Olln Math 30', iMitiioaid Owens III Paclllr Gas Pan Amer Penney Penn Hn Pepsi Pfler Phillips Polaroid Proc it Gam fis-'s Pure Oil 31' Radio llayonter Raytheon Relchhold Rep Steel Itesall llynlda Met 23' s ll.nlris Tnh 41 nirhdan-Mrl 43 nirhfleld 30', Royl Dutch 40 13A, 77's 2H's ID 44-H It's 4's 127 47', 17'. 31's Ill's .11 22S Safewav St Bonis Sand Imp Schenloy Scars Shell T & T Sinclair Socony Soulhrn Co 4fl So Pacific 24H Sperry 12-', Sid Oil Cal SH4 Sid Oil lnd 41 's Sid oil NJ 93 studehaker 7's Sub Gas Sunray iwlft Venn Gas Texaco Vexas Gulf lexas lust l'cxtron Thlokol l'ho Ramo Tidewater Transaiuer Cn Carbide flu's I n on 32s I n Pacific 30 I nltd Aire 47H I old Atrl 21l. I ntd Fruit Jl I S llorax !5 IS Plvwod 411, I S Rubber .Ill's I S Steel 4ilst I N Match IS's l Plohn 32'i Vsrlan tVes I'nlon 2.Vs tvesttnuhse 2- rVoolworth M's Vniinaslun 74-1s Cenlth 33 .in", 23 11 in 72-i, llls 31'. 32", lB'i 22's 3.11-1 201 s 54 I2.!a 7IS 23', 20' s 40' s IRft sni DRUGGISTS INSTALL OFFICERS Carl Shefcheck of Eu gene this week was installed as president of the Lane County Pharmaceutical Assn. during the group's first fall meeting. Other officers seated were Dareld Brown of Springfield, vice president; Ititchcy Rust of Eugene, secretary, and Charles Deer of Eugene, treasurer. Shefcheck succeeds Robert Lammcrs of Eugene, as presi dent. The group of druggists meets every other month on the third Wednesday of that month at 8 p.m. either at McKesson & Robbins, Inc., 340 Washington St., or at Western Drug Sup ply, Inc., 450 W. Fifth Ave., Eugene. NEW BEAUTY SHOP OPENS A new beauty shop, the Phil-Mar Beauty Salon, has opened at 1670 W. 18lh Ave., Eu gene, one of the initial business firms to open in a $500,000 shopping center being developed on the southeast corner of 18th and Chambers Streets. The new shop is owned by Evcly Krysl, who also owns the 13th Avenue Curl Shop at 1180 W. 13th Ave., which she opened in 1959 after arriving in Eugene from Kansas. She operated beauty shops in that state for several years. The new shop, operating in leased quarters, opened Thurs day afternoon. It features all-new equipment. There are four operators including Mrs. Krysl. The shop is open Monday through Saturday starting at 8 a.m. and by appointment. An open house is scheduled Sept. 29-30. TIRE STORE IN EUGENE The newly opened North 99 Tire Store at 855 Hwy. 99N, will hold open house Saturday, ac cording to Ralph Smccd, owner and general manager. Smced is also owner of the OK Tire Store in Springfield. He said plans call for establishment of three more similar tire stores in various parts of Eugene. The North 99 store is managed by Don Ncdbalck, recently of Jerome, Idaho, where he was with an OK Tire store for four years. The stores are franchised dealers for the OK Rubber Welders, Inc. of Littleton, Colo. The new Eugene store is operating in leased quarters with about 2,500 square feet of floor space. Both stores offer new, used and recapped tires for sale, and wheel alignment work. Council Divided On Curb Request The follow Ins hid and asked quo tations from the National Assn. of hecurlltca Dealers do not represent actual Iransactlons. inev are a Itiitde to the rauite wllhln which lhci.e sicurlllcs could have been bought or sold at the time of com pllallon. nin ASK Alherlsons ... 13 12-'s Atden Farm, Com 13't I4's Rank of Amer 4' , 32 Bib "C" Stores 2-', 3's Boise Cas !' '' Cas. Nal. Gas I2's 14 Consol Flways It's l!'s Kqultahlt S A L 3's Mrsl Nai l .- M's '0 Fred Meyer 10' s 1 1 lly.ter, Com ..: 23 27', Jantirn, Com 27-' Jo's Kaiser Sleel IS's ls Koehrlns 12 I.Vs MorrlsnivKnud ........ 31', 33' t N. W. Nal. Gas 30 is 32', Oregon Mel I 1 ls Clre-lda ft' a ft's On Ptlnd ( em IT-, lH Psc Inmin F.sp 14 13 PP A I., I'M 24'. 25S. Pope sV lalhol 2l's 24's Porl Gen tier 24H 2', Tort Trans l orn 9', 10', Senile Mrsl N.tT 33 5ft' , Hirlltv Dru a' 32 Tnllycrafl J Vnlted Pacific 32's 33's II. S. Nal'l Bank lift's " Warren Bros 20', 22', Wash. Nal. Gas 33 lft's Weal Coast Tel l 2n-'s Vest Nal. Gas Ils I!1, IVejerhacuser 14 ' IS's I CLOSING QCOTATIONS AS OF 9.20(12 MI'Tl'Al. FUNDS 1 l.sst avallahle prices as reported hv - ilka. Smllher A, Co., Fucene Olfice Alf. Fund .. 7 19 7.7 i Huston Fund ft 3 9 (17 llullovk II as 71 , Canadian Fund 1.1 ft.1 17 II ' Century Shs. 1172 12 hi Chemical Fund 9 4ft 10 41 Col Gi w th A Energy . 109ft 1200 Colonial Fund 10 10 1 1 7ft I Com tnv. lo. 90(1 990 Dler Growth 7 19 ft 12 DIMdends Shs 2 99 3 2 litres fus Fund lft (19 13 97 Kdellly Cap . 7 M ft 15 Fund Iny ft 49 9 .10 (ien. Bond . It an 7 24 Inc. Of Hoslon 7 24 7 91 I Incorp. Inv II lft ft 97 i Keystone S-3 . 12:19 1.132 Mass Inv Growth 7 1X1 7 13 , Mass Inv Tiust I2K9 1.1 H7 Nai l Inv 13 14 1, 21 Nal'l Stock ft 97 7 ft2 One Vim. SI II lft 12 44 Pioneer . R 74 9 Putnam 11 94 II 13 Putnam Growth 7 90 11 39 Telev A Klec ft 94 7 M Value Line Inc 4 ftl 3 10 Uelllnslon II M 14 m Wellington Eq. 12 31 13 RJ Eugene city council members found themselves divided Thurs day on a church's request to install curb sidewalks instead of walks with the standard five foot setback from the street. The request came from the Friendly Street Church of God, for a sidewalk on Adams Street, north of 23rd Avenue, but the discussion soon branched out to policy on curb walks in gen eral. Don Allen, public works di rector, had previously turned down the church's request on the grounds that topography didn't prevent standard set backs at that location. He also noted in a letter to the church that city councils on two pre vious occasions had refused the request. Motion Falls The city's stated policy is to permit curb sidewalks only when terrain is too steep to permit regular setbacks. But a motion by Councilman Wallace Swanson to deny the Portland Markets POItTLAND UO Buttcrfat Ten tAtlve, iiihjcct to Immediate change Premium quality, delivered In Portland. 64 fonts In: first quality 61; kecond quality, 56. Butter Prints per In to retalleri Grada AA, 93 score. 66; A grade, 82 acore, 66; B grade, 90 score, 65. Cheese To retailers Mngie dai sies, 47v-4a Processed Ameri can, 44a-4a1,1i. K2K5 To retalleri Grade AA, extra large, 50-53; AA large 47-51; A lame, 46-4H; AA medium!) 40-4.1; AA small, 21-30. Cartons, 23 cents ad (lit I on M, Kggs To producers, at farm AA extra large, 39-43'-,; AA large 37- 41-j; A large, 34-38; A A mediums, 2U-.13L1; A A Mnall, 15-18' t,. Live poultry Quoted to growers t o.h, ranch No. 1 qualltv frvem, 2-4 Ibv. 16-20; light hens, 4-5, heavy hens, 6-9. ttahhlls Average to growers Live whiles, 3l-4'i Ihs, 24-28 rents, some down to 20; colored pelts 4-5 cents Ir.is; fresh killed fryers to re tailers 58 62, few at 63; cut up, 60-65. Who If sale ItrfNsrd Meats Beef cuts, choice steem Hindquar ters, ,S6.(Hi-5fl.t)0; round-. 52.00-54. 00; few 30.00; full loins, trimmed 60.00 82 .00; forcquartcrs. 37 00 .19.00; chucks 42.00-43.00; rlb, 57.00-58.00. Lamb Choice-prim spring, all ts. 41.50-44 00. Veal-Cholce, 90-150 Ihs 50.00-53 00; good, 48.OO-50 00; standard, 43.00- 46.00. Prodnre Onloni Calif, vellow med., 50 Ihs, 2 00-225; white Ik Texas 3 25 350; Vah. vellow med-. 1.75-2 00. Potatoes Caltf. long whites, bilk ers, 4 25-4 50; Wash. Russets, No. 1A, 2.50-1.75. Eugene Markets .. . "-----'v..)"' -rrr: v; - ! 1IHK.ON tUll rRODtlERS .liimbn A . SAr s:lra l.aria AA . 52c Kslra larga A .... Sic l-aran A A l ama A 47c Mnllum A Sc Small A A 3c I lirx 37c curb sidewalk request failed to ' get support from a majority of the councilmen present. Several said curb sidewalks 1 are more practical at a church 1 site, since they are more con-' venient for people getting in and out of cars. . Councilman M. F. Mover noted, however, that two other' property owners in the block are already complying with the cause the sidewalk to jog If the church puts in a curb sidewalk, he said. 'Definite Policy Needed' Swanson said perhaps the city's policy should be changed to permit curb sidewalks at places of public assembly such as schools and churches. He argued there should be a defi nite policy, however, and said the council defeats the whole idea of sidewalk standards when it grants exceptions without a sound reason. The city originally adopted the setback sidewalks standard i because these are considered safer for small children than curb sidewalks, and because the I parking strip is then reserved ' for utility lines. 1 Allen told the council that "for all practical purposes" the city gives up its right to an easement strip when it installs curb sidewalks. : Costly Procedure He said it is true the city still owns a five-foot strip on the properly owner's side of the curb sidewalk. But, he said, ob- jeetions arc usually too great, I and the cost of repairing dam age to lawns and landscaping would be too high, to make use of land inside the sidewalks. After defeating Swanson's mo tion to deny the church request, the council committeeof-thc-wholc decided to wait until Monday night's meeting to give further consideration to the is sue. Three council members were absent Thursday noon. In other matters Thursday, the committce-of-the-wholc gave its approval to a request from the Ribbon Park Trail Assn. for permission to start construction of a hiking trail from a point in Amazon Park to Frank Kin ney Park, near 50th and Uni versity. The committee voted to "file." without action, a request from the Lane Humane Society for an ordinance prohibiting the sale of crocodiles, alligators, painted turtles and "potentially dangerous'' reptiles in Eugene stores. Portland Grain num. ANI il'Pli soil xhltr nn hid. W'hltr I'luls nn bid Hard rati wlntri no htrl Hsrri sthlta hssrt no bid. Uals no bid. Rsrlrv on. i Portland Livestock I ronil AMl ll I'l l MlACattl SlW; good-choli-f slccrs 27 .IS-iS; rhoiia t7iMrs lb. MIS: utilllv slamlard 17-24. hellers giWHl-rhnlrc . 2(1 W: canncr-cultcr cows t i. cul- trr-iilllllv bulls la 20 false, 5311. choice 173 293 lb !. standard food under 300 lb. 23-27. Hois 1120; I and t hntrhera 20 So ill. 1 and 3 trades l 3tv. sovis 1 and I irade 23 2W Ih 1717 SO. Micro 3770. choice-prime ssooled ! sprint lambs IR 19 75: choice-prime I woolrd spring Ismhs 18-19 75, choice i prime shorn 17 50 lo mosllv IS SO; rholi e-prlme ttoolcd closing 19-20 23, ewes cull good 3 4 50 Job Applicants j Trimmed to 15 I SAI.KM i.P The number j of applicants for the job of ' slate travel information direc i tor has been trimmed to 15. the I Slate Civil Service director. Mel j vin Cleveland, said Friday. Cleveland said oral examina tions will be given next week to those still in contention for ; the job. and the Civil Service will cut the list to five. ' It is up to the State Highway Department to make the final I choice, he said. The vacany was created by the recent death of ' Carl Jordan. Adopt a Doii Shop now . . . Poy later . . lossy , sin.w Just It Down I we urge you to shop NOW on Loy-Away ond SAVE while choices are most complete! .if TJ ' SSJUDY 'I srVvp5"-i t the little people's choica j ' bb' d""! Jxjy She sleeps. She drinks and MF sS wets. She has curly hair and big blue eyes, Reg. 3.99 NOW Limited Quantity DISCONTINUED SHOE STYLES Flats, Sandals and Low Heels. , NOW . . . PRICE House Plants Reg. I98 Ivy, Pepperomia, Palm, Rubber Plant and Climbing Philodendron. MAllf OOC mm v 2 each All Styles and Fall Colors Hand Bags i!L y plus tax M ir Fall Prints and Colors A Yardage (Goldfish till Novelty Vases Assorted styles and colors $1.99 Values $1109 ll each ff 4 oz. Wool Ik Yarn A Fall Flannel PAJAMAS for Mom and Sis Assorted Styles and Colors $198nnd$099 BLOUSE and CAPRI SETS Sizes 10 to 18 Assorted fall colors $&99 2s Wrigley's Gum 6 Packages w bmp Shade CLOSE OUT s While thev last! IQ Limited Quantity Hooded Sweat Shirts for the Kiddies, Mom and Dad. 44 , $99 1 BEAT TEXAS Hurry . . . msny ilrms limiird in qimnlity. Shop rilhrr laralion . VARIETY STORES J Open Sunday k Gilbert Shopping Center Farmdale Plaza