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About Eugene register-guard. (Eugene, Or.) 1930-1983 | View Entire Issue (April 21, 1963)
Fm 1A EUGENE REGISTER-GUARD, Sunday, April 21, 1963 Steel Price Up, Wall St., Too NEW YORK (JV-Steel price Increases and indications that President Kennedy it not going to oppoie-tbem as be did a year ago accompanied a rising stock market last week. It was the market's sixth straight weekly rise but it was by no means a straight-line ad vance. The strength that put the market well ahead for the week was displayed on Monday and Friday. In the three sessions Interven ing, the market moved un evenly, "consolidating" Its pre vious rise to new peaks. The list bulled its way to new Fluoridation OK'd Br ASSOCIATED PRESS Fluoridation of the water sup ply was approved Friday by voters In the Wolf Creek High way Water District. The margin was 1,376-890. The district purchases Bull Bun water from Portland. Fire Runs (From 10:30 a.m. until 10:30 p.m. Saturday) v Eugene 0:38 p.m Overheated oil stove, 31S E. 29th Ave. 7:20 p.m. Seven Shet land ponies electrocuted at Lane County Fair grounds. 9:07 p.m. Flue fire, 558 W. 22nd Ave. 9:10 p.m. Flue fire, 28S0 Washington St. Springfield 7:87 p.m. Trash fire along railroad tracks near 22nd Street. highs for 1963 on Monday, as more ateel companies an nounced selective price in creases. Confidence was strengthened by news that in dustrial production had moved to a new record in March. Weekly steel production reached the highest level in three years. When U.S. Steel finally fell in line and announced some price increases of its own on Tuesday, the bloom was off the rose so far as the advance in steel stock was concerned or so it seemed. Profit-taking on the steels and motors was a prominent phase of trading dur ing the three middle days of the week. During most of Friday, this tendency continued, with vol ume slackening and not much expected in an apparently dull pre-weekend session. Late in the day, however, came Kennedy's remarks that indicated he would not oppose the price boosts. Strangely enough, earlier in the same session, the manage ment of Republic Steel and some smaller steel companies announced that they would re scind some of the price in creases they had announced only a few days before. The steel shares moved uncertainly in reaction to this but there was no selloff. When Wall Street heard the Kennedy news it brought a re newed rush to buy the steels. U.S. Steel ended that day and the week as the outstanding volume leader on the New York Stock Exchange with a net gain of lVt. The Dow Jones industrial av- erago reached a new peak for the year, making a moderate net gain of 3.23 to close the week at 711.68. The Associated Press average of 60 stocks advanced 3.1 to a new high for the year of 268.8. Drainage Study Eyed For East Springfield A comprehensive drainage study aimed at solving east Springfield'f water problems may be started shortly. City Manager Frank Smiley Is recommending that the Fort land firm of Stevens It Thomp son, Inc. make the study. The firm Is one of fivo that has sub mitted proposals to the city for making the survey. Smiley said Friday he will recommend to the city council Monday night that the Port land firm be authorized to be gin the study immediatcy. It would cost about $5,000 for the survey, Smiley said. R-GWins News Award Paper's Coverage Of Big Storm Cited ATLANTIC CITY, N.J. (Special) The Eugene Register-Guard Saturday received a national headliner award for its coverage of the Columbus Day typhoon. The award was pre sented at the 29th annual awards luncheon of the Atlantic City ileadliners Club. Robert B. Frazier, associate editor, received the plaque for distinguished journalism. In his brief acceptance remarks, Frazier stressed the team effort that went into putting out a paper in the face of power fail ures, broken communications lines and uncertain transporta tion. Also receiving similar plaques were representatives of News week Magazine, the Chicago Daily News, Miami Herald, Louisville Courier Journal, Dal las Morning News, and other papers, radio and television out lets. The Register-Guard won first place in the news entries of its circulation bracket There were 2,300 entries in the contest, which dates from 1935, when awards were given for coverage of the Weyerheuser kidnaping, the Hauplmann trial, the Dil linger case, and the assassina tion of King Alexander of Yugoslavia. Among the personalities at tending the Saturday luncheon and receiving awards was Frank McGee of NBC News, who re ceived an award for consis tently outstanding television news work. The award luncheon was the principle feature of a three-day annual ceremony. Among the winners in past years are Webb Miler, Heywood Broun, Raymond Gram Swing, Westbrook Pegler, Edward R. Murrow, Homer Bigart, Stanton Delaplane, and other distin guished newspapermen over 30 years. Included In the study would be recommendations on what existing ditches in east Spring field should be deepened, the best location for the new storm sewers, pipe sizes needed to han dle surface water, and needed, if any, for new ditches. Councilmen more than a month ago indicated they feel the city should sell a bond is sue some time this year to fin ance a drainage program. Smiley said if the bond issue proposal can bo placed on the ballot early enough and ap proved by voters, some drainage work could be done later this year. Funeral Monday For Mrs. Adler Funeral services will be held Monday for Mrs. Fred (Annie Dollie) Adler, 72, of 1977 Grant St., Eugene, wbo died Friday. Mrs. Adler, who was born in Eugene July 7, 1890, was the sister of John, Eugene, Cecil, Frank, Barbara, Jeannette, Joseph and William Maughan, all of Eugene. Other survivors include three nieces, Jean Lake of Eugene, Marjorio Snider of Pasco, Wash., and Doris Lardy of Nigeria. Services will be held at 2 p.m. Monday In the England Funeral Home with interment In West Lawn Cemetery. JSfe i si W J $1200 If to, this . your f wMMlth annhtrtary year - a tjwrnentous milestone In your life. The gift of a fin, Mmoni to your bride of yesteryear Kill make th. aailon noteworthy - and a very memorable one. Price Include Federal tax Charge cr budjet lUuttntioat ilifbtly tulugti 1 "JEWELRY VQlQk) ST0RE Registered Jeweler American Gem Society 12 SUPER SPECIALS FOR EASY LIVING y "7r""l GRANTS ONE DAY SALE Even Jl you nerer painted before... you're- sura fo get professional results! GRANTS POLY-ACRYLIC WASHABLE WALL FAINT Revolutionary latex-base paint requires no thinning, mixing, priming. 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