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
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30 Vi
29',
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- 18',
19 ,'
- 29
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- 39
146
- 31
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-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
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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
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