The Bend bulletin. (Bend, Deschutes County, Or.) 1917-1963, April 30, 1962, Page 6, Image 6

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    The Bend Bulletin, Monday, April 30, 1962
Survival plans seen necessary
LOS ANGELES Uri - Tlie
director ot the Federal Office of
Emergency Planning said Friday
that with careful advance plan
ning the nation could recover and
rebuild after an all-out nuclear
war.
Edward A. McDernmlt told an
emergency planning conference
that coordinated efforts by the
federal government and local
agencies will sec to It that "the
worst consequences of an attack
can be overcome."
"Food, medicine and other es
sentials of life will be available
in or near undamaged areas," Mc
Dermott said. "Our emergency
transportation plans will assure
the distribution of these survival
items as rapidly as fallout radia
tion hazards permit planes, trains
and vehicles to move.
McDermott said that adequate
survival measures were extremely
important on a local level.
"Willi the isolation of areas and
the disruption of our national in
dustrial and economic systems a
likely prospect, we could not hope
to succeed nationally if we do not
succeed locally," he said.
AWARDS CONTRACT
WASHINGTON (UPI) - The
Public Health Service has award
ed Charles Pfizor & Co., Inc.,
Tcrre Haute. Ind., the first con
tract for development of vaccines
against the common cold. The
company was given a one-year
$21 1,000 contract.
Moscow Radio
cracks meeting
LONDON (UPD-Moscow Radio
pinned a "cold war" label Sunday
night on President Kennedy's talks
with British Prime Minister Har
old Macmillan.
Moscow Radio criticized the
joint communique for Its failure
to recommend a summit meeting
at this time.
"Kennedy and Macmillan did
not do anything to remove the
causes of anxiety threatening the
world," it said. "They have lim
ited themselves to a general state
ment that the contacts established
with the U S S R, on the Berlin
problem must be continued.
"The Kennedy-Macmillan talks
have shown once again that the
Western leaders still adhere to the
ixisitlons of the cold war. As be
fore, they ignore the will of the
MEETING SET
PORTLAND (CPU-State hospi
tal program directors from eleven
Western states and Guam will
gather here for a four-day region
al meeting starting May 2.
The conference will bo keynoted
by Dr. Jack C. Haldcman, assist
ant surgeon general and chief of
the division of hospital and medi
cal facilities. His subject will be
"A look at the Hill-Burton pro
gram, the next decade and under
pending legislation."
The Hill-Burton program makes
grants for hospital, health and
medical facilities in each slate
under supervision of a slate
agency.
peoples ' iving to put an end to
tlie dangerous nuclear arms race,"
the broadcast added.
For good bargains every day
shop The Bulletin classified way.
Much of blame for stock market sag blamed on steel situation
By Ptttr T. 6irl
UPI Stiff Wrlt.r
NEW YORK IUPD Sweeping
losses on the stock market last
week erased more than (16 billion
from paper values and put the
general price level nearly 9 per
cent below last December's all
time high.
Outside of some prefcrrcds and
a few common stocks which re
sisted on the basis of higher than
expected earnings, most issues
were not able to withstand the
steady pressure which resulted in
the widest decline of the year in
the averages, sending Dow-Jones
industrials to the lowest level in
13 months.
The worsening steel Industry
situation was the reason most
frequently offered for Die big
spill. Many major steels reported
earnings considerably above the
depressed first quarter last year,
but stressed the increasing cost
price cramps and pleaded for gov
ernment aid through liberalized
depreciation.
Production Dtcllnet
In addition, weekly steel pro
duction again declined sharply,
two industry leaders were in
dicted by a federal grand jury
on price fixing and bid rigging
charges, and Bethlehem's chair
man lowered his 1962 industry pro
duction forecast by 10 million
tons.
Statements by government offi
cials added to the market's woe.
Treasury Secretary Douglas Dil
lon asked for business tax credit
legislation to guard against a pos
sible business downturn in 19t3,
and Commerce Secretary Luther
Hodges warned that the President
might act against the aluminum
industry as he did against steel
if tlie light metal makers also try
to raise prices.
Despite all this, there was
enough cheer in the business and
economic picture to make it hard
for the analysts to account for
the extent of the decline.
First quarter earnings for most
companies showed a big bulge
over the Initial period last year,
new car sales and machine tool
orders increased, and March con
struction contracts were esti
mated at an all-time high for the
montlis.
Many of the analysts, so wrong
for so long about the trend of
the market, were more timid than
usual about forecasting the course
of stocks next week. Although
many were hoping that Friday's
climactic bust had put tlie market
back into position for at least
technical rally, few were betting
on it.
The comprehensive Standard &
Poor's 500-stock index finished
out the week with a loss of 129
at 66.30. its lowest point since last
Sept. 25.
In the Dow-Jones averages, In
dustrials were off 22.05 to 672,20,
rails fell 5.10 to 138.76. utilities
0.79 to 128.77, and 65 stocks 6.38
to 232.48.
Trading for tlie period was th
highest in two months and In
cluded the first 4 million share
day since mid-February. Turn
over for the week was 17,424,654
shares, compared with 12.454,120
in the prior holiday week snd
22,400.970 in tlie like 1961 period.
Ho tl
P0rW
GARDENSIDE
Asparagus
Cut Green Beans
Cream Style Corn
Green Peas
Tcmatces
All green
spears
300
can
303
can
303
can
Tender 'n sweet
303 can
Serve hot or
chilled. 303 can
1
for
Co) (pi c
FS(nr
Kitchen Craft
Finest enriched
all purpose
15
Frail Cocktai
Frozen
Paper K
Town House
Finest selected
fruits. Reg. 25 c
Bag H Bag U
4 By
Dinners
apkins
4 varieties
Banquet
Reg. 49c
Silk. Asst'd.
colors & white
Reg. 223c value
11-or.
pkg.
pkgs.
of 60
Dee
Cream
Snow Star, fine quality
in 4 delicious flavors.
Reg. 75c value.
.atsuo
Del Monte, rich tomato.
Adds flavor to your
favorite Safeway meat.
Oven-Joy i
n
rea.
Half
Gal.
14oi.
Bottles
Large
Loaves
1
00
00
Cut 1
f ; fwX.
' ( . r v: fit
si u Eu&D
Manor House
"USDA Grade A"
Plump 'n meaty.
Flash froxen
to preserve
the superb flavor.
lb.
Beef Kidneys
Beef Short Ribs
Pork Picnics
Ready for
the pan
Kil) half
or plalc
Safeway C'onictl
mild cure,
29
,1, 39c
Boiling Beef
Meat Pies
Link Sausage
Meaty Plate
cuts. "USDA
CHOICE" beef.
Manor House Beef,
Turkey or chicken.
With lots of meat
Safeway. Excellent
flavor. Minimum
shrinkage, It's FRESH.
Apple Sauce
Spaghetti
Corned Beef
HOOD RIVER
Top Quality
FRANCO-AMERICAN
in rich tomato sauce
303
cans
15V2-OZ.
cans
El Faro. Serve
hot or cold
12-oz
can
89s
1.00
49'
All Safeway
Meats Are
Guaranteed
100
,19
4 is 89'
53'
hit
Mil 1
t . i
t ut
' 'I'll
ifjyt)aBniii' diWwniii iUttaimtMtti ummiiimiiii.
l sr i k I KssT I ray "4 tflli
f t -1
if All pap
Prices In this advertisement are ef
fective Monday thru Wednesday,
May 2ncPat Safeway In Bend. We re
serve the right to limitw
Helpful Hints For Home & Hobby Project
Mechanix Illustrated
HANDY BOOK
Buy ( book wek. Complete
your ut. Bosk no, 5 on ilt now
99
Book No. 1
( For only
ca. 49c
Detergent
Salad Oil
Pancake Flour
Dried
White Magic
10c off, 4SH&-OZ.
Saf flower
Gold-n-Swect
Giant rnc
pkg.
24-oz. 709
I 7
Kitchen Craft
Buttermilk
bottle
4-lb. Aftt
pkS. w
tit. Nnrthern, Idaho 4 4.j
Pet) Pinto. Town Hnue nVf
icons
59fl
Margo
,! Saffola
r,tt3 Brand
Mb J o
pkg.
OT)
Don't Forget ... We Give
St.rl .inq (or (hot valuhl gitlj r H
J O ecion. Gt lp nji to0t Sttewty.
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