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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 10, 1959)
Wonder Prug' Tablets Cheaper Under Competitive Bids, Senate Investigators Say " 1 I tities and has its own testing I man Estes Kefauver (D-Tenn.) , price variance. , ed. I , L a t e r. the subcommittee . men" - the dniff inc Medford,Tribune Rogue Valley Edition Page 2 Stock List Higher On Active Trading New York-IBPfr-Stocks ad vanced today on moderately active trading. A reversal of the recent de cline in drugs and electronics , issues featured the gainers. .' Most of the rails showed small ( gains. Chemicals ruled strong. .Autos were active and strong with Ford" up more than $1 'a share. Aircrafts, metals and special issues ruled strong. Oils were mixed. Gains in the general mar ket ranged to more than $4 a share. American Motors was up more than $1.- Gains in the steel section ranged to $2 in Jones & ' Laughlin and Youngstown ' Sheet & Tube. U.S. Steel rose nearly $1 a share. DOW - JONES AVERAGES New York - ItPB - Dow Jon! final stock areragas: 30 induitrials 672.74, up 1.48; 20 railroads 154.40. up 0.02: 15 utilities 87.22. up 0.12. and 65 stocks 218.03. up 0.36. Sales today were about 3,170,000 shares com pared with 3.430.000 shares Wednesday. Johns Manville Katy Kennecott Copper Lockheed Aircraft . Montana Power Co. Montgomery Ward . New York Central Pac Gas & Elec Penney. J. C. Penn RR . Radio Corporation Richfield Oil Safeway Sears Shell Oil Socony Mobil Oil South Co Southern Pacific Standard California Standard Indiana Standard. N. J. Sun Mines Texas Co. Texas Gulf Sulfur Tex Pac Land Trust . Transamerica Trans World Air Tri-ConUnental (xd) Union Carbide Union Pacific United Aircraft United Air Lines U. S. Rubber U. S. Steel Youngstown S & T . 50 "a 93?', 321,2 25i 30 Vi 29', 61 V 119 16 - 70! 78',: - 36 - 48 76 'i - 40 40 22 'i - 47 42',i - 493, - 6,' 83 3i - 18', 19 ,' - 29 - 19 - 39 146 - 31 - 42 "2 36V2 66?i ..100', -135 ' Today's prices on selected stocks: : Allied Chemical ,, -.--la-', Alum ro Am . 101 " American Can t American Motors . ATAcT Anaconda Copper Armco bteel , Bendix Aviation . Bethlehem Steel . Boeing Air ' Caterpillar Corp. 1 Chrysler Corp Continental Can , Crown Zellerbach Curtlss Wright Dow Chemical (xd) Du Pont - Eastman Kodak Firestone rmvni ittktrie General Foods - General Motors ; Georgia Pacific Graham Paige . . r.r.vhnnnrt . Gulf Oil .. ' HnmMtukc Mininff . : mano rower IBM. Int. Paper -lOH - 42 -.78 hi . 76',i 63 r 75 74 V 55 32 33 - 66 47 - 56!, 32 977's 262 -108',, -131 - 94 -103 -. 52 - 49 - 2 - 20 108 42 48 -439 136 f Atlantic Storm ; Sinks More Ships London PJPD One of the - worst Atlantic storms in me ' mory sank two more vessels . today and left scores of fish ing boats in distress from Gi braltar to the Arctic. The storm was in its fifth tempestuous day. It left Euro pean seas almost deserted of smaller vessels while officials ' counted up to 130 lives lost on - land and sea. But for the first time since : Sunday, reports from coastal - areas indicated an abatement . in the fierceness of the storm. - It was only on the seas that gale winds and squalls Contin- ; ued without let-up. ; Bloodmobile to Visit .' Medford Wednesday ' The Red Cross bloodmobile will be in Medford between 1 ' and 5 p.m. next Wednesday, ' Dec. 16, at the Jacksonville ' county chapter house, - 60 ' Hawthorne ave., Red Cross - officials said today. Quota for the visit is 290 pints, for which 350 donors ' are needed. Appointments may be made at the bloodmo bile office in the chapter house here. Southern Oregon Due More Box Cars Salem - (UPD - Public Utility Commissioner Jonel C. Hill today announced that South ern Pacific company has promised extra box cars to re lieve a spot car shortage in southern Oregon. He said the railroad advised him that an "unseasonal up surge" in carloadings over its lines had contributed to the situation. . The commissioner in a let ter Tuesday told the SP that certain Oregon shippers "found themselves teetering on the brink of a car short age." Some 1,800 carg are en route to Oregon now, accord ing to Hill's information. Sliffer Livestock Requirements Told Salem -flJPD- Stiffer require ments for entry into Oregon of livestock from other states have been announced by the State Agricultural department The department said today that from now on, all out-of-state animals entering Oregon stockyards for other than slaughter purposes must be health-tested in the first yard unless they have met full health requirements prior to entry.. - Oregon will not accept swine which have been vacci nated -with virulent live hog cholera virus, the department added. Kefauver Wants Break for Public On Drug Costs Washington (UPD Senate investigators charged today that the Veterans Administra tion paid $136,000 for some "bonder drug" tablets which could have been bought un der competitive bidding for about $38,000. The Senate anti-trust sub committee said the VA ne gotiated the purchase in Feb ruary; 1958, from Merck and Co., a big pharmaceutical com pany, at the rate of $136 for 1,000-tablet bottles. According to. the subcora .mittee, the VA, a month later, bought the same amount on a low bid basis for $38.50 a bottle. As a bidder, Merck dropped its price from $136 to $95 but still was too high, the subcommittee said. It later came down to $65. At this time, investigators said, Merck was selling the drug prednisone, used in ar thritis treatment, to druggists for $170. The price to con sumers was $283. John T. Connor, president of the company, was asked how Merck could offer the drug to the VA for $65 and still defend its $170 price to druggists as reasonable. Connor replied that compe titive conditions for govern ment business were a good deal different from -those in the retail pharmacy trade. For instance, he said, the gov ernment buys in large quan- Later, the subcommittee . men" - the drug industry's facilities. , said that in his opinion this I "Why can't you give the He said Connor's arguments planned to inquire into the version of the traveling sales But subcommittee Chair- did not explain such a wide public a little break?" he ask- were "not very persuasive." extent that the use of "detail man - influenced drug salts. Cuba Recaptures American Escapee Havana -fflPD- Austin Young, 38, Miami, Fla., American sol dier of fortune who broke out out' of military jail in Pinar del Rio Wednesday, was re captured today in a Havana hotel. tndia Protests Air Space Violations New Delhi, India-TOPD-India has lodged a protest with Pei- ping over violations of Indian air space by Chinese Commu nist planes, officials an nounced today. and Friday Nite TILL 9:00 P.M. So you can be among the first to shop during our huge... STOCK DISPOSAL Drastic reductions throughout the store on our reg ular stock! Everything must go! L , SI J CL Next to Greyhound Depot Ph.: SP 3-4394 V Liquor Control Figure Resigns Portland -IUPD- Karl Greve, Portland, Wednesday an nounced his retirement from the Oregon Liquor Control Commission effective Jan. 1, 1960. Greve said he had enjoyed his two years on the Commis sion but added that further service would require more time than he would be able to give. The announcement brought expression of regret and ap preciation from chairman Hugh Kirkpatrick and Com missioner Martin - Buchana. Gov. Mark Hatfield also ex pressed his appreciation for Greve's services in a letter read by OLCC Administrator George Van Bergen. ... Greve, a Republican, was appointed in December, 1957 by ex-Gov. Robert Holmes to fill the unexpired term of Barney Lucas, who resigned. Kirkpatrick said the next public meeting will be held at the Commission's head quarters Jan. 14 to discuss a proposed regulation to estab lish a minimum percentage of food sales in relation to li quor sales for liquor by the drmk licenses. No Progress in Newspaper Strike Portland (UPD Federal Mediator Elmer Williams said today another joint bargain ing session between striking Stereotypers and the Oregon ian and Oregon Journal would be held Friday. Williams met with both sides Wednesday afternoon and said afterwards, "I am unable to report any prog ress." The union has 'been on strike against the two daily news papers since Nov. 10. They have continued to publish joint editions in the Oregon- ian plant. Jjtmes H. Sampson, inter national president of the Stereotypers, did not attend Wednesday's meeting due to commitments in Chicago. He attended a session last week and may be here Friday. Members of the Portland Newspaper Guild met Wed nesday night and voted 117 to 23 to continue to observe pick et lines. Johnson Offers To Aid Seashore Park Portland -TOPD Senate Ma jority Leader Lyndon Johnson (D-Texas) has offered to work with Sen. Richard L. Neuber ger (D.-Ore.) in establishment of national seashore parks in Oregon and Texas, Neuberger said today. The Senate Interior Com mittee plans to hold hearings on the proposed Padre Island National Park this month in Corpus Christi, Tex. The park is included in the administra tion's bill for creation of three MEMO from the desk of S. Claus I Qlae QcMenKamp, SAoei lot - - " 7" ....... 4ft MEN'S & BOYS' MOC VAMP OPERA Leather opera with cushion crepe sole. In Brown: Boys' sizes 2'2 to 6, Men's sizes 6 to 13. fa Mi CREAM PUFFS She'll love these warm, fluffy soft Shearling Lamb with soft padded soles. In Powder Blue, Pink or Red. . 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