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.
Grapefruit was not generally
recognized as a fruit of commer
cial possibilities until it was in
troduced at the Chicago Expo
sition in 1893.
only
minutes to
NORTH BEND
COOS BAY
$60
plus tax
QHKS33
-7
Scheduled Local Service
Join the Easter Parade
''I.-
With a Smart
HOPSACKING
HEADS PENNEY'S
COAT PARADE!
sJfej From Penney s
i'lk SEVERAL SMART ; lk '
J i STYLES IN WOOL- ' 4 , . . l
JLM?9 l-:V;Xf CASHMERE BOUCLE' I
Jnii ;t r&; ia -re... L m: ' I
m Srvv dt' 'v IV.D i w . . I "iJP
IW''&m Smart sPrins tones o ' iL.JLggr'"
vfgi '"'f 'Jr - coral,, blue, beige, in sev- T I
Crai diferent styles' Sizes I 1 I
I I " . .. -
. . f ' SMART AND PRACTICAL
if ir W-lllf All UIAAI TIMECn
12.75
, Textured treasure ... this Pen
ney short coat that adds so much
glamour to your Spring ward
robe JClassic button front, grace
ful flare back that falls newly
slim. Blended of wool and cash
mere, lined with iridescent ray
on taffeta. Perfect in pastels,
perfect Penney price! .
Many Other Styles
to Choose From. All
Budget Priced at . . .
12.75 to 24.75
Neat Checks Are
Still Top "Fashion
News Penney1
Has Several Styles
at...
16.75
AND
19.75
100 wool, wool and nylon
blends in several choice styles.
Subdued blues, tans, greys. Sizes
8-18.
BIG NEW SHIPMENT
OF SPRING MILLINERY
JUST ARRIVED!
2.98
16.75
Flecked . fashionable and flavored for
Spring, this Penney short coat! Cloud-light
wool homespun, dramatized with stitched
yoke, soft roll collar, iridescent taffeta lin
ing. Precious in pastels, ice blue, pink,
grey mint, . . . precious at Penney gentle
price! Sizes 8 to 18.
A PRIZE OF A COAT
IN ALL WOOL SUEDE
FACE COTTON BACKED
A prize of a price ... a prize of a coat,
Penneys short Spring story in wool fleece!
Rarely will you find such rich softness,
such extra fine details at this price . . . top
quality workmanship and quality in the
latest "smoky" spring tones. Sizes 8 to 18.