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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 20, 1960)
Development Loan Fund Accused of Making Unbusinesslike Pledges Medford, Tribune Regional Edition Page 2A Stock Market in Broad Downdrift New York (UPB The stock market went into a broad downdrift today In routine trading. j Blue chips were under heavy pressure with Du Pont off around 2 and Westing ' house Electric, International Nickel and General Electric each off a point or more. Steels were dull, motors Ir regularly lower. Electronics, heavy losers Tuesday, fea tured gains of more than a point in Texas Instruments Pre-School Clinic Slated at Phoenix Phoenix - A pre - school clinic for children who will enter the first grade of school in district 4 will be held In the Phoenix Community club building Wednesday, April 27. The clinic is sponsored by the Phoenix - Talent Parent Teacher association and Is conducted by the Jackson county health department to provide pre school health examinations to all children who will not obtain this serv ice from their private phy sicians. All children entering school are expected to show evidence of health and dental exami nations. Families wishing ap pointments for the clinic may call Mrs. B. F, Sparks, KEy stone 5-1110. Appointments will begin at 9 a.m. Man Being Held Here For California Charles A. Prultt Is being held in the Jackson county jail awaiting extradition to California on charges of for gery, according to district court officials. Prultt, appearing in district ' court yesterday on fugitive charges, waived a hearing and privilege of having an attor ney and was committed to await extradition by Santa Cruz, Calif., police. Prultt was arrested by city police on a warrant from Santa Cruz. and a half or more In Ampex. Motorola fell around 2. Polaroid gained more than 2 in (he cameras, while Dow Chemical and Eastman Ko dak lost more than 1 each in the chemicals. DOW-JONES AVERAGES New York-IUPll-Dow-Jonu final stock averages: 30 in dustrials 626.40, off 4.37; 20 railroads 142.96, off 0.57; 15 utilities 89.62, off 0.10, and 65 stocks 206.56, off 1.08, Sales Tuesday were about 3,080.000 shares com pared with 3,200,000 shares Monday. Tuesday's prlcei on selected stocks: Allied Chemical 40'1 Alum Co. Am )4Tt American Can (xd) 40i American Motors 28i,s AT&T 04, Anaconda Copper 32's Armco Steel 60'4 Bendl Av 60 " Bethlehem Steel 43,a Boeing Air 23". Caterpillar Corp 20 ','4 Chrysler Corp 32 '4 Continental Can 4 li Crown Zcllerbach 43 Curias Wright 2 lit Dow Chemical D2',f Du Pont 214 Eastman Kodak 11 3 '4 Firestone 37?i General Electric flips Gcnernl Foods 104 General Motors 43 u Georgia Pacific 36'!, Graham Paige 2 '5 Greyhound 21 Gulf Oil 30 Homestake Mining 42 Idaho Power .... 48 I. B. M 464 Int. Paper .lllHi Johns Mnnville 56a Kaiser Ind 12 Katy . - 4i Kcnnecott Copper 73'B Lock lined Aircraft 22?i Montana Power 26H Montgomery Ward . 43 la Nat'l Biscuit 33 't Pac Cas & Elec 63i Penney, J. C KJ'i Penn RR 137, Radio Corporation 73 T, Richfield Oil 74 (, Safeway 401, Snars 48 i Shell Oil - Stilt Socony Mobil Oil 371, Southern Co 43 Southern Pacific - 20U Standard California 42',, Standard Indiana 40 la Standard N.J. 43 Sun Mines , 6 Texas Co 73' i Texas Gulf Sulfur 17 Pi Texas Pao Land Trust .. 10H Transamerlcn 28? Trans World Air 13 ft Trl-ContlnenUl 34 Union Carbide .....130 Union Pacific 2fl"fc United Aircraft . ...... 33', United Air Lines 28'i U. S. Rubbor 04 u U.S. Steel 80!i Youngstown S St T 1071., K-BOY SNOOPERS KNOW YOUR BLOOPERS '.til I I 1 h rjmmtmrntmtmemmmmmmmmmmmmmm II Uncle Rick Schuchard Says: It's Human to Bloop- Divine to Snoop1 Fill in your name. This makes it official. THIS CERTIFIES THAT IS A CONSCIENTIOUS, BONA FIDE BLOOPER SNOOPER ,un luriflln Tn HF.DUCED TO BICYCLE London -UTt- Famed auto Crlrlclie Radio Stations at large. 2. Write critical letters racing driver Sterling Moss, the editor. 3. injoy It hoon of THI SOUND OF MUSIC )vh w" bn.rrcd from dlvlnR I K-BOY every day. Abolishment of Federal Agency Urged in Report Washington-flJPD-House In vestigators accused the De velopment Loan Fund of ear marking millions o dollars ta4 foreign loans without knowing exactly . how the money would be spent. The House Government Op erations Committee unanim ously approved a subcommit tee report recommending that Congress consider abolishing the DLF if the lending agency doesn't adopt more business like tactics. The report was Issued only a few hours before the House was scheduled to launch de bate on President Eisenhow er's $4 billion foreign aid pro gram. The House bill did not con tain any spending authority for the DLF, but carried language designed to tighten up the fund's lending activi ties. Make 'Soft' Loans Congress set up the DLF in 1957 to make "soft" loans, re payable In foreign currences, to finance industrial projects in undeveloped nations. In four years it has received ap propriations totaling $1,400, 000,000. The House committee re port said it was Congress' in tent when it created the DLF that it should make loans onlv for specific projects and pro grams, screened in advance Yet, it said, the DLF ac tually has been setting aside or ear-marking money for par ticular governments and ap proving projects within this dollar amount at a later date. "Once the recipient govern ments have been promised aid in a certain amount, they have been known to take the view that DLF is merely being bureaucratic if It scrutinizes too closely the use to which that aid Is to be put," the re port said. A staff investigator said that in some Instances the pro cedure has been comparable to an Individual getting a $2,000 auto loan from a bank and then spending the money for a week end with a blonde. No Recent Commitments In a statement commenting on the report, the agency had made some advance commit ments in the past but no such commitment has been made since 1058. In the 1059 fiscal year, it added, 64 of 63 loan agreements signed were for projects. Furthermore, the DLF ar gued, advance commitments could save money for U.S. tax payers. It said they could be used to encourage contribu tions of foreign capital from other nations, and to bring about economic reforms to more efficient use of U.S. funds. The foreign aid bill author ized spending that was $136, 800,000 loss than the Presi dent requested. Backers were confident they could defeat efforts to make any big cuts. Two Plead Guilty To GP Burglary Grants Pass - James Orley Manles, 36, Stockton, Calif., and Michel J. H. Coalllcr, 35, Canada, pleaded guilty In cir cuit court Monday to burg lary of Caveman Bowl, a local bowling alley. The two men, who were arrested In Medford last week, waived preliminary hearings in Grants Pass justice court and also waived county grand Jury action. Circuit Court Judge Orval J. Millard postponed sentenc ing pending receipt of finger print reports. Over $900 was reported taken April 10 or 11 from safe and vending machines In the bowling alley. Phoenix High to Present Concert Phoenix - Musicians from Phoenix High school will pre sent an hour-long concert at the Camp White domiciliary auditorium at 8 o'clock to night. The Phoenix concert band of 42 members will give a program of varied selecti&ns. Several ensembles and solos also will be presented. They include Joyce Storkstill, flut ist; Joyce Hunter, pianist; a trumpet trio, brans sextet and a girls vocal ensemble. Harry R. Kannasto Is director. HrilHln (or a vrar after a traffic accident, bought a bi cycle Tuesday. t ' " -rrY - h -lit 8 -' ' - " '- S1', , Is. -T" if ... M ttmm r5.,AWr SEOUL RIOTS CONTINUE A police jeep when government troops moved in with burns In the foreground and a firetruck orders to crush any lawbreaking without burns In the background as anti-government mercy. riots continued in Seoul. Violence subsided (UPI Telephoto) V.J jPj' '''' ,, ENVOY CALLED IN Korean Ambassador You Chan Yang arrives at the State Department In Washington. He was called In by Secretary of State Christian A. Herter to dis cuss the student riots in Korea. The United States called on both the Korean government and anti-government dem onstrators to settle justifiable grievances without further bloodshed. The man behind Yang is unidentified. (UPI Telephoto) Sen. Case Rolls To Easy Victory In New Jersey Newark, N.J. - (UPD - Sen. Clifford Case scored deci sively for liberal Republican ism today with a landslide victory over old-guard con servative Robert Morris In New Jersey's U.S. Senatorial primary election. Case, a staunch Eisenhow er supporter, polled 100,000 more votes than his opponent and carried all but two of the state's 21 counties in one of the smallest primary turn outs in the state's history. To Oppose Veteran Case's opponent in the No vember general election will be Thorn Lord, long - time leader in New Jersey Demo cratic circles, who scored easily over Richard M. Glass- ner, a Newark attorney who is new to politics. With 4,207 election dis tricts counted, Case had 220, 525 votes to 118,143 for Mor ris and 7,995 for David Dear born, an Elizabeth manufac turer. On the Democratic side, with 3,681 districts reported, Lord led Glassner by a vote of 127,118 to 37,233. Only 20 per cent of the state's 2,743,713 registed vot ers were estimated to have cast ballots despite mild sun ny weather. Colombian Airliner Crash Fatal to 31 Bogota, Colombia - fOPD - A Colombian airliner en route fror., Miami crashed Into a hill Tuesday night on landing and burst Into flames. Thirty one persons were reported killed and 19 Injured. One of the victims was an American businessman, Frank Swagles, a tropical fish ex porter who made him home In Bogota. Some Confusion There was some confusion at first as to the number of victims because the C47 plane had discharged and picked up passengers a t Barranquilla and Modcllln. Today authori ties said there were 50 persons aboard, including four Infants. Officials would not state the number of victims, but news men at the scene fixed the death toll at 31. The government began an Immediate Investigation today to try to determine whether the crash was caused by the pilot's error in losing flying spoed too soon on the landing or whether there was a struc tural failure. Tried Another Pats The plane touched the run way at Edorado Airport, then attempted to regain altitude for another pass at the field. But it struck the hill, broke in two, and caught fire. The tail lection fell Into the Bogota river and sank. The rest of the fvuclagc rolled down the hill Into a small lake Firemen had trouble reaching the wreckage. APPROVE WAR MEDAL Washington-(UPD-The House passed and returned to the Senate Tuesday a bill author izing the Civil War Centen nial commission to strike a medal marking the 100th an niversary of the War Between the States. EX-PRESIDENT DIES Salt Lake City - tUPl) - Dr. Franklin Stewart Harris, 75, former pretident of Brigham Young unviersity and Utah State university, died Monday. BOTH one wears CONTACTS! Actually, both Dicturcs ar of Dr. NoleV 13year-o1l daughter (io has worn contact lemei 16 hourt day for tht past two years. And . . tht wears dark flrten tinted contact lenses for swimming and skiing, A drama. e illustration of the cosmctit end psychological benefits to be derived from wearing contact lenses. why no! tend the WHOLE girl bock to ichoM? Ko Appointment Needed Convenient Credit We jive Greee Stamp wt 55 at east COLUMBIAN OPTICAL CO. MEDFORD SHOPPING CENTER Phone SP 2-9990 casual shopping with conwnient parking v Os i NtUi ml Win nm t. Ms4 Opposition Voiced To Meeting for Stevenson Portland-rtlPll-State Sen. Al fred H. Corbett (D-Portland) said today he hoped a group of supporters of Adlai Ste venson would not hold a pro posed meeting here April 30. Corbett, former cochairman of the Stevenson-for-President committee, said that such a meeting held so near the May JOB PROBLEM SOLVED Muskegon, Mich.-IUPII-Hon-est Stanley Hallas was filling out a. job application form when he found a blank la beled "police record" so he went to the county jail to get exact dates for his past prob lems with the law. Sgt. Charles Harken got Hallas' record from the file and ar rested him for failure to pay back alimony. primary election day might be misinterpreted as activity on behalf of Stevenson for the primary. He said Stevenson! filed an affidavit of his non- i candidacy and asked that his friends take no action on his behalf for the primary. Corbett said the group was ! called "Western States for Stevenson" and that all its of-, ficers come from the state of 1 Washington. He said he had declined an Invitation to attend the meeting. Gtnto T?rt T?nhprt riitnran I of Medford, Democratic speak er of the house, said today he agrees with Senator Cor bett. He ,too was invited to attend the Stevenson meeting, and also declined, on the same grounds mentioned by Corbett. Have Your Doctor Phone Your Prescription Then you can pick it up while you PARK It SHOP or ws'll DELIVER IT FREI Open 8 a.m. to 9 p.m. Dally CLOSED SUNDAYS Green Stamps Main and Central PEAR BLOSSOM I sni;J ' "oral ,a'ds. I i a;dV-Vshouid H BABY DOLLS U (V) a g Crepe' leT A I I IT'S A WONDERFUL STORE t
