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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 21, 1956)
SIX MEDFORD (OREGON) MAIL TRIBUNE Tuesday, February 21, 1956 orse, Neuberger Ask Study ol Merge Long-IBeSI, EnternationaE By A. ROBERT SMITH Mail Tribune Correspondent Washington Two government agencies, the Justice Department and the Federal Trade Commis sion, are look- ins into the implications of the proposed merger of Lone - Bell L u m b e r Co with Interna- tional Paper Co., world's largest paper a. Robt. smith producer. The investigation was called for over the week-end by Oregon Sens. Wayne Morse and Richard L. Neuberger, after word of ne gotiations between the two firms leaked out in New York trade circles. ; The Wall Street Journal said executives of the companies in dicated the merger would not come before April. The financial paper reported that "Interna tional Paper Co's, negotiations for acquisition of Long-Bell Lum ber Co. are part of a long-range plan by the world's biggest paper company to establish its first pulp and paperboard mill on the Pacific coast, according to well informed speculation." Long-Bell Stock Soars Word of the negotiations sent Long-Bell stock skyrocketing last week. Opening on the New York exchange last Monday morning at 37, Long-Bell shot up to 71 by Friday for a momentary peak. It fell back again to 63 by clos ing time the end of the week. "Paper industry sources spec ulated that, if the acquisition Is approved, Inernational can draw on Long-Bell's vast west 'coast timber resources to manu facutre pulp and paperboard," the Wall Street Journal reported. It said the board output could be used to supply a shipping container plant at Los Angeles which is now supplied from Southern mills. International has already an nounced it will build a new plant in the San Francisco area, the paper said, for paper milk container production. Up to now, the big paper company has obtained its sup ply from vast holdings in he South, New England and Can ada. Only this . month . it paid some 833,000,000 in cash for 335,206 acres of timberland in Arkansas, Texas and Louisiana. Most Timber in Oregon Long-Bell owns nearly 3,000, 000,000 board feet of timber, 73 per cent of it located in Oregon. The rest is in Washington state, California and the South. The southern holdings would be in tegrated, trade sources said, with International's main pulp-making facilities in that region. Morse and Neubeger said the proposed merger could result in Quotes From the News By UNITED PRESS -Washington Rep. James P. Richards (D.-S.C.) on the attitude of the Eisenhower administration towards the House's importance in the conduct of foreign affairs: ' "It appears . . . the executive department is still of the 19th century vintage opinion that in the foreign, affairs field the House is an illegitimate member of the family, and a weak-minded ille gitimate son at that." Philadelphia Gov. Christian Herier of Massachusetts on de segregation: "I am a strong believer in moving steadily though slowly." New York Margaret Truman on whether the fact her father was president changed her basic nature: "I remain mulish, pigheaded, curious, romantic, hero-worshipping, loyal, affectionate, procrastinating, slangy, amiable, high tempered, frank, loquacious, non-studious. I would also have re mained lackadaisical and lazy, but I didn't have time." New York Miss Truman on her mother's warning to her chaperone before the start of a concert tour: "Whatever you do, don't let her marry an actor." Pendleton Man Missing in Alaska Pendleton (U.R) Doyle Harvey, son of Mr. and Mrs. L. B. Harvey of Pendleton, is missing and feared lost in stormy waters off Alaska. - 1 i Harvey and a friend have been missing since early last week when they left Seward in a small open boat on a seal hunting expedition. Their des tination was Fox island, some 10 miles off the coast and oppo site Seward. With Harvey in the boat was Ray White. When the two men failed to return, a sea and air search was launched but no trace of the pair or the boat has been found. Belmont. Mass Housewife Mrs. Francis C. Gray Jr., who will be a bridesmaid at Grace Kelly's Monaco wedding, on rooming with the actress when they were dramatic students in New York: "She was terribly busy socially and always had lots of men calling but there was never any particular one. No matter what she's done, where she's been, she doesn't change a bit." West port Ferry May Be Discontinued Astoria (U.R) The possibility that the old Westport-Puget Is land ferry service may be dis continued was brought forth here yesterday. Elmer Daniel son, operator of the ferry, said dwindling business and con tinued financial loss of the" 30-year-old ferry may force him to cease operations. . Danielson said that lowering of the toll charge on the Long view bridge and the improve ment of highway surfaces on the Lower Columbia highway have played a large part in the decreasing use car owners put to 'the ferry. , Danielson said he has offered the service to both the state of Oregon and Clatsop county, but neither is interested in taking over the route. Roseburg Guardsmen Put on Real Show Roseburg (U.R) Roseburg National Guardsmen got a little bit too realistic here Sunday as they were demonstrating small caliber mortar fire during a one day recruiting' drive. ' Guardsmen, fired two training rounds from' the mortar. One struck the ceiling of the armory, igniting the fir-tex paneling. The other round failed to go off but lodged in the armory rafters. Firemen were called to ex tinguish the blaze from the first round, and to ' bring down the second. The "dud", was pried loose, fell to the floor and exploded. Capt. Horace Pendergrass, ex plained that both shots went astray. The charge in the prac tice rounds is about that con tained in a .22 caliber shell. v v yn n dfe V v BY UNION PACIFIC WINTER'S MILD AS MAY DINE IN THE DOME DINER . Choice of three dining rooms on the Domeliner "Qty of Portland" when you go to Chicago or East. Union Pacific has the only Dome Diners. Winter's just a pleasant view .' : : no weather worries . ; . no highway hazards ... no driving fatigue. Inside you'll enjoy the warm, air condi tioned comfort of a smooth riding train . . ; famous Union Pacific Dining Car meals . . . restful sleeping car accommodations . . . or the easy chair comfort of reclining coach seats with full length leg rests. Ask how Family Plan Fares can cut your travel costs. Tor complete travel information, reservations, and tickets FRED LINGENFELDER, General Passenger Agent Room 751 Pittock Block, Phone CApitol 7-7771 Portland 5, Oregon UNION PACIFIC RAILROAD Plan To Paper "the reduction of competition" which would be detrimental to other firms in the Northwest. "The combined assets of the two corporations may pose ad ditional concentration into the hands of a relatively few corpor ate interests," they declared in joint letters to the Justice De partment and Federal Trade Commission, as well as two con gressional committees. Would Reduce Competition "Furthermore, the small inde pendent lumber operators may find that the emergence of a corporate giant in the Oregon lumber and wood products field would further reduce their abil ity to compete in sales of federally-owned timber in the pub lic domain. Already smaller timber operators have found themselves excluded from, many forest tracts under government operation because of the domina tion of big corporations," the senators said. The Justice Department, in formed Neubeger's office that it was looking into the matter in line with its administration of the anti-monoply laws. CAMPAIGN CONTRIBUTION BEFORE GRAND JURY A Federal Grand Jury began a formal investigation into the $2500 campaign contribution offered to ' Republican Senator Francis Case of South. Dakota during the controversy over the natural gas bill. Waiting to testify in Washington are, left to right, Sheriff Paul Whaley of Dawson County, Neb., Attorney John Neff, lobbyist for Superior Oil Company of California who offered the contribution, and Ivan Evans, Neff 's attorney. Mysterious Bones Said To Be Animal Portland (U.R) -7- A murder I river proved to belong to "a investigation was nipped in the large sheep or deer." bud late yesterday when myster-1 Clackamas county coroner ious bones found over the week Leslie Peake said the identifica end on the banks of the Tualatin tion of the bones was fixed by a pathologist at Good Samaritan hospital here. Earlier, officials feared the bones and a four inch square of ciotn rouna in tne same area might have been those of a young man. 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