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.
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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
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