Medford mail tribune. (Medford, Or.) 1909-1989, October 03, 1960, Image 7

Historic Oregon Newspapers

Medford mail tribune., October 03, 1960, Image 7

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Newspaper Page Text0 (3j MONDAY, OCTOBER 3. I960 MEDFQRD MAIL TRIBUNE, MEDFORD. ORE. Local and Personal Incendiary Firo j- A acre grass fire on vViley View rd. near Ashland Speedway y !. erday apparently was of incendiary origin, the south west district office of the .state department of forestry report ed this morning Patrolmen were called at 8 p.m. - Windows Broken - Three small windows at McLough lin Junior High school were broken by someone throwing rocks Saturday night, accord- TONITE & TUESDAY 'Ml"" OV NEWMAN ' i T, JOANNE jV. A WOODWARD ' fmilBJi wa area CO-HITI ing to city police. The' night janitor said he was inside the school at, the time the rocks were thrown. IN OKINAWA Marine Lance Cpl. James V. Ellis III, son of Mr. and Mrs. John Jq Frantz, ' 22 Quince st., Medford, arrived in Okinawa last month aboard the troop transport USS Gen eral W. A. Mann with the First Battalion of the First Marine division. ;. Cforie ENDS TUESDAY! ALEC GUINNESS BURL IVES MAUREEN O'HARA ERNIE KOVACS Our Eanin Havana , NOEL COWARD RALPH RICHARDSON . 'in SS" Ma Lass FOOD PAT BOONE TOMMY SANDS1 mutt Horryt gui ciour CMISHNC CAJtEK Morse Appointed ' To UN Committee Washington - Sen. Wayne Morse has been appointed to serve on the trusteeship com mittee of the United Nations General Assembly. Morse is one of the five American dele gates to the 15th General As sembly, which will be in ses sion through December,. "Service on this commit tee," Morse said, "involves su pervision of areas being ad ministered by the United Na tions. The trusteeship device has proved highly successful in furnishing , governmental forms and services in areas where nationality has not yet developed. Under United Na tions trusteeship, a new coun try can learn self-government free from colonial exploita tion, and witb relative free dom from becoming a cold war battleground. "In July, 1959,' ten such areas were United Nations Trusteeships. This year, three of them have emerged into full independence and self government. The difficulty in The Congo is a good example of thu kind of trouble a trus teeship can avert. Had The Congo been made a U.N-. Trus teeship upon the sudden withdrawal of Belgian au thorities, the turmoil that un fortunate country is experi encing would probably have been avoided." OBITUARIES MARY ALICE LUTTRELL Funeral services for Mrs. Mary Alice Luttrell, 3036 Sunnyvale rd.. Central Point, who died Saturday, will be held at Conger-Mojgis Funeral home downtown cuapel Tues day at 10 a.m. The Rev. Ed ward Stauffer of the First Baptist church wil lofficiate. Committal wil lbe in Dora cemetery, near Myrtle Point. Mrs. Luttrell was born June 19, 1872, in Sugar Loaf, Ark., and had lived in Oregon for 79 years, the past 10 years in Central . Point. She was married June 24,' 1901, in DoraoOre., to John1 B. Lut trell, who survives. O Other survivors include a son., John M. , Luttrell, ' Med ford; a daughter, Mrs. John V. Spainhower, San Mateo, Calif.; five grandchildren, and three great grandchildren. Pallbearers will -include Fred Landers, Charles Clem ans, Edward Chavis, Curtis Vanbebber, Donn V. Piatt, and N. A: Mead. MR. AND MRS. DOW SMITH The bodies of Mr. and Mrs. Pcrram Dow Smith, Ingle wood, Calif., who died Aug. 15 in a plane crash on Dutch man's Peak, south of Medford, were forwarded Sunday by Conger-Morris, funeral direc tors, to their former home in Bellingham, Wash., for serv ices and interment. VALUES GALORE ON FOOD STORES HAPPY ISLE FREESTONE PEACHES MASTER B&M BLEACH . Vi Gallon 2Bi BAKED BEANS 38 28 Oz. Cans CELERY Medford's Finest Produce Sweets & Yams U.S. No. 1 Washed & Waxed WARRANTY ( 4 lb. Large Tender Green Stalks 10 ..IS Light Meat, Solid pk TUNA 4$1 Gold Medal , or Drifted Snow OREGON FOOD PEANUT BUTTER 19 SWIFT'S JEWEL SALADE OIL FLOUR 89 $89 10-lb, Bag 25-lb Bag SAVE! CHUNK Quart SPRECKELS SUGAR Brown or Powdered BALONEY m ARMOURED STAR - CENTER CTUTS SLAB BACON 4 LOCKER BEEF (USDA Good & Choice) Half, 49c lb.; Front 14, 43c lb.; Hind 14, 63c lb. CUT, WRAPPED & QUICK FROZEN FREE SAVE! OREGON FOOD MAYONNAISE o 49c Quarts.... COFFEE Alta Brand 2-lb. Jar Drip, Reg. O 98 MR. AND MRS. H. L. KLEFEKER O The bodies of Mr. and Mrs. Harold Lee Klefeker, , who died Aug. 15 in a plane crash on Dutchman's Peak, will be forwarded by Conger-Morris, funeral directors, to Raleigh, N. C, for services and interment. Plane Hits House At Lake Grove Lake Grove -HOT - A small plane with' four persons aboard struck a house while landing near here Sunday evening '"on a private field. No ont was hurt. The pilot of the plane, a Piper Comanche, was Hay ward C. T.iomas,' 62i Pasa dena, Calif. The Identity of the passengers was not avail able, but all were said to-be from Pasadena. The plane struck the home of Virgil Foster, a caretaker on the property of Mr. and Mrs. Arthur Fields. The Fields were away at the time of the accident. Foster was in the living room when the nose of the plane broke through a bedroom wall. Reports indicated that the occupants of the craft were flying here to visit the home of Larry Hofer, who had ob tained permission from the Fields for Thomas to make the landing. Servicemen ARMY ENLISTMENTS Recently enlisted in the Army were Richard Russell Klor, son of Mr. and Mrs. Russell B. Klor, route 1, box 357, Talent; Robert Joe Arbo gast, son of Mr. and Mrs. Joseph Edgar Arbogast, route 2, box 208, Central Point; John Luther Meadows, son of Mrs. Dorothy A. Nahss, 185 Schullz rd., Medford; Harvey Neil Dutton, son of Harvey J. Dutton, 1321 Capitol ave., Medford; Tyrone Goodspeed, son of John Curtis Goodspeed, route 1, box 509, Gold Hill; and Kenneth Paul Nelson, son of. Norman D. Nelson, 1102 Sweet rd., Medford. Also en listed was Ronald Paul Wil son,1 son of Mrs. Gladys T. Wilson, 108 Oak st., South Fork, Boro, Penn, , , ' one of the main weapons of the banking business In meet ing the challenge of a rapidly rising economy in the 1950s. As the economy grew, and business production and dis tribution units grew larger, a FIELD PROJECT . - Specialist 5 Jack L. Helge son, son of " Mr. and Mrs, James. M. Helgeson, 106 Sa line ave.. Medford, is partici patyng in the U.S. Army Com- oat development txpenmen tatlon center's fall field proj' ect on the Hunter Liggett Military reservation in Cali fornia. : The project is sched uled to end in December. Helgeson, who is regularly assigned at Ft. Ord, Calif., at tended Medford High school before entering the Army in 1956. . Births YORK To: Mr. and Mrs. William, 307 Hilicrest . St., Ashland, Oct. 3, 1960, boy, 7 pounds, at Ashland General hospital. WALLARD To: Mr. and Mrs. Leroy. 1556 Kenyon St., Medford, Oct. 2, 1960, boy, 7V4 pounds, at Rogue Valley hospital. LESTER To: Mr. and Mrs Gene Edward, 1991 Spring- brook rd., Medford, Oct. 3 I960, eirl' 7V4 pounds, at Rogue Valley hospital. DOTY To: Mr. and Mrs. Alva A.. 628V4 North River side, Medford, Sept. 30, 1960, boy, 6 pounds, at Kogue val ley hospital. Western Stocks Over-the-Counter The following bid and ask ed quotations, from the Na tional AssociationOof Securi ties Dealers. Inc., do not rep resent actual transactions. They are a guide to the range within which these securities could have been sold (indi cated by the "bid") or bought i (indicated by the "asked") at the Ome of compilation. Common Stock. ' Bid Asked Bank of America I if J j ' ; h , 3 i r A I MFk A 'J y &rx :1 . , $ I - l iJ' t I I 'V PAST AND PRESENT Gen. , Lyman L. Lemnitzcr, left, who was sworn in as chair man of the Joint Chiefs of Staff, poses after taking his oath with three of his predeces sors. From left, they are Gen. Nathan Twin ing, retiring chairman; Adm. Arthur Rad ford, and Gen. Omar Bradley. (UPI Telepholo) Fewer Banks Operating At End Of 1950's Due to Merqer Trend New York-IUPD-Merger was need developed for banking Weather KORECASTS Medford and vicinity: Thicken- ina clouds tonicht. Cloudv Tuesday with occasional light rain. Low toni eh t 4H. h en rucsaav near ta, western ureaon: mostly ciouny tonight and Tuesday with inter mil tent rain on coast late tonicht. spreading over interior Tuesday. faruai clearing on con si iueuuv afternoon. Low tonight 50-50. High Tuesday over interior oo-oo, coast 56-62. Northern California: Fair tonigni except coastal fog and low over cast. Cloudy Tuesday with light rain likely near coast from 1ft. Bragg northward. Little tempera ture change. LOCAL DATA TEMPERATURE: Mean yesterday 64; above normal 4. Record high this date 06 in 1958. Record low th in rinte .11 in 1919. PRECIPITATION: 24 hours to midnisht. none. Midnight to a.m.. none. Total this month, none, .10 in. below normal, Total since Sept. 1 .18 In., .57 In. below nor- HUMIDITY: Lowest yesterday 11, highest this a.m. 77, High 4:00 24 CITY Yester- a.m. nr. day . Low Prec. Brookings 53 49 Grants Pass BB ; 39 Klamath Falls 77 33 MEDFORD 88 43 Por t land 73 50 A 7 Finch-Troff Trial Hearing Conclusion Los Angelcs-IUPH-The sec ond murder trial of Dr. : R. Bernard Finch and his para mour Carole Tregoff moved into its 15th week today with the jury expected to get the. case Friday or early next week. Co-prosecutor Joseph Pow ers said he hoped to conclude his final arguments today to the jury of 11 women and 1 man. He will be followed in or der by Miss Tregoff's attor ney, another prosecutor and Flncho's attorney, each at tempting to interpret for the . jury the testimony of the 88 witnesses in the retrail. The state claims Finch, 43, and his red-haired mistress Carole, 23, plotted and car- ried out the gunshot slaying of the surgeon's socialite wife, -Barbara, 33, on July 18, 1959. - Their first trial lasted three-: months and ended March 12 in a hung jury. RECENTLY ENLISTED Larry Walker Blackshear, son of Mrs. Mary Nell Wilson, Susanville, Calif., and former ly of Ashland; Delbert Dean Simmons, son of Mr. and Mrs. Clayton W. Simmons, 319 South C st., Eagle Point; and James Melvln Dunlap Jr., son of Mr. and Mrs. James M. Dunlap Sr., box 850, Sitka,' Alaska, were recently enlisted in the Navy at Portland. Seattle 64 Spokane 76 Yakima 80 Eureka 54 Red Bluff ..-..85 Sacramento 81 San Francisco 62 Los Angeles 76 45 49 57 54 55 58 T. Phoenix- 89 Denver 74 Chicago 64 Miami Beach 87 New York 63 Washington, D.C. 72 SO Through FIVE-DAY FORECAST Oct. 8: Western Oregon-western Wash ington Cooler with tempera tures averaging slightly below nor mal and precipitation near or slightly below normal through Sat u r d a y. Precipitation occurring mostly tonlgnt or cany rucsoay and attain Wednesday night or Thursday. High temperatures gen erally 56-64 In western Washing ton ana U4-Y4 in western uregon. Lows in 40s. Northern California Light rain likely in extreme north around midweek. Temperatures below nor mal. Investment Funds quotation on selected Bid Asked Noon funds: Fund Bullock 12.( Chem Fund 10.52 Colonial Ener 11.68 Eaton Howard Stk 11.37 Fidel tv 14.49 Group Sec Avia-Elec 8.37 Group Sec Com Stk ..,.11.61 Group Sec Petr 8.99 Group Sec Steel 8.12 Group Sec Tobac 8.40 Keystone B-3 15.48 Keystone B-4 0.08 Keystone K-2 14.23 Keystone si lu.'u Keystone S-2 11.14 Keystone S-3 11.93 Keystone S-4 11,73 Mass Inv Grlh Stk 13,03 TV-Elec 7.58 Value Line Inc 5.10 Wellington 13.82 MEDFORD 13th and Central ASHLAND 1475 Siskiyou Blvd PRICES EFFECTIVE THROUGH SUNDAY WE RESERVE THE RIGHT TO LIMIT Callf.Paclflc Utilities Cascades Plywood .... Cons. Frelghtways ... Copco Cyprus Mine Corp. .... First National Bank Morrlson-Knudsen ..... Northwest NaV. Gas . Pacific Pwr. & Lt. ... Permanente Cement . Portland Gen. Elcc. . U. S. National Bank . United Ulllllle. West Coast Tel Weyerhaeuser ,..26 ,.ll ...334 ....22 U ,...52 ...20 ...21 ..37 U ,...16!s ..32',4 ....04 ..-42'.i ....26 ....321-4 46 23!s 21) 12 3fl!li 23 561, 32 H 22 30Vs 17". 34 , 61) V. 43 ' i 28'a 34 Portland Produce Portland (UPI I USDA Cattle 1550. Average choice steers 25 JO: Choice 1122-1100 lb. 24.50; good 23J50: cutter-utlllty 15-18: 805 lb. low choice heifers 23: choice 072 lb. 22.65: high good-low choice 22.50: utility cows 15-16; canners- iitfir in-19. Calves 325. No early rates calves or vealers: stocK salves .ou. HnH looo. U. S. l and 2 butch ers 19 25; 200 lb. 17.50; mixed 1, 2 and 3 at. ib.su-iu; ano a sows Ms.nKn lh. 13.50.16.50. Sheep 2000. Cholce-prlmt 88 lb. No. 1 pelt iambs iv.au; choice witn some prime loo o. wooica if 3: food-cnc-lce 68-85 lb. feeder. .4 3 23; eull-cholc awes 3 50 ..SO. 13.10 11.38 12.77 12 VI 15.112 0.17 12.71 0.85 8.00 0.30 10. BO II III 15.53 10.86 12.10 13.02 12.8 15.06 8.26 5.37 14.85 units that could handle bigger transactions. Merging smaller units into large branch-bank ing systems helped solve the problem. This merger movement is one of the changes in the structure of American com mercial banking analyzed in bulletin just published by the Amos Tuck School of Business Administration, Dartmouth college. Its author, Dr. George E Lent, points out that the bank-merger trend accelerat ed after 1950, so much so that there were 10 per cent less independent banks operating at the end of the decade. 1,503 .Banks. Disappear Between 1950 and 1059, 1,503 banks' with $30 billion in resources disappeared through merger. Most were small institutions that became branch offices of the banks that acquired them. '-' Lent attributes these con solidations to many factors: the postwar suburbanization which has enlarged the scope of city-bank operations; the cost advantage of volume; the desire of "whole sale" banks to provide "re tail" banking services; the growth of industry, which has produced a 1 need for higher lending limits; and keen inter bank rivalry for expanding markets. He also notes that some banks have let themselves be absorbed to avoid failure; others have been forced by the difficulty of raising need ed capital; and still others have been unable to reject considerably high offers for their stock. Offices Not Reduced Lent says the merger move ment has not reduced ' the number of banking offices since virtually all banks ab sorbed In mergers are con verted to branches. However, he adds, some people have feared that elimination of in-, dependent banks might ad versely affect the -. market structure. Subject to excep tions in particular communi ties, studies of postwar merg ers point to these conclusions: -The existence of many in dependent banks does not as sure competition. - Mergers, especially of weak or failing country banks with bigger and stronger city institutions, usually have In tensified banking competition. ' -In some areas, intra-com-munity mergers may have reached the limits of effec tive competition. ' -A merger usually does not seriously harm other banks in the area, rather they 'sharpen up" their Dractircs to meet the new challenge. 1 rmerest rates on loans tend to preserve their tradi-' tional rigidity regardless of margers. Post-merger compe-j tition usually is deflected to ; improved services-new types ! of credit, more attractive and i convenient facilities, and sol forth. i P Costs Not Appreciably Cut ! -Mergers do not seem to cut banking costs appreciably, mainlly because they usually result in improved services. Also the salaries, pensions and fringe benefits of the absorb ed employees generally are raised to the level of tile larg er parent bank. c The acquired bank's lend ing activity tends to increase substantially, and Its ratio of loans to deposits improves. However, the bulletin notes that this may be. partly be cause merger activity usually is greatest in expanding. com munities. , . . . . vDout one DanK in 10 now has assets under $1 million according to the report, and these account for loss1? than increased 0.5 per cent of all bank re- I sniirrpc ' The 265 banks (2 per cent of the total) with assets over $100 million each,' own about 60 per cent of all bank assets; the 50 largest own about 37.5 per cent. . ' STOP! Don't Buy Any Compact Car 'til you s tht ALL now 1961 RAMBLER PAUL LEA RAMBLER 5th & Bartlett Phone SP 2-6185 THEATRE INFORMATION SERVICE ; CALL SP 3-7323 FOR FULL INFORMATION ABOUT YOUR THEATRES Portland, Produce Portland (UPI) Dairv mar ket: Ebcb to retailers: Grarte AA extra large, 60-64c; AA targe, 56 58c; A large, 52-55c: AA medium, 4fl-53c: AA small. 30-3 5c; cartoni l-3c additional. Butter To retailers: AA and grade A prints. 70c lb; cartoni lc higher; B prints, 6flc. Cheese, medium cured To retailers: A grade cheddar xW'le daisies. 46-51c: processed AiWri- can cheese, 9-lb. loaf, 44-46c. Portland (UPIi Dressed chickens No. 1 grade dressed to retailers: Fryers whole drawn, 34-38c lb; cut-up, 39-43c lb; hens heavy-type whole drawn, 30-43c lb; light-type hens cut-up 32-35c lb; whole 27 -30c lb. MoreComfortWearing FALSE TEETH Her Is ft pleasant way to overcome loose plate discomfort. PASTEETH, an tmproved powder, sprinkled on uppor and lower plates holds thero firmer so that they fel more com fortable. No gummy, coney, pasty teste or feeling. It's alkaline (non acid). Does not sour Checks ''plat odor" identura breath) Oft PAP rBETH today any drug oountaf j 10 Fiery DIAMONDS Kj j at this unheard of price 231y East Main TILL MIDNIGHT CANDLE ROOM HOTEL Medford ' U w T Open Oatly 5:30 P.M. to Midnight Sundays 4 P.M Till 11 P.M. iX DRIVE-IN fC mtm ruifK Hitmwf' HELD OVER A FEW MORE DAYS YOUR IAST CHANCE TO SEE THIS GREAT HIT 1 isrcHo ANTHONY PERKINS TV VERA MILES ' W : V i JANET LEIGH A"IS5 at MARION CMKC Shown Only Once 9:10 No One Admitted After Thot Timet CO-FEATURE WkJRiver JOEVANrLT COi-OB V OfcCUXf SHOWN TWICE: 7:10-11:10 mm sT 1 Hi. 'a . ! NOW SHOWING t i "5 Fighters1 CO-FEATURE MANHOOD r a eiiuii m. M RUSHED AT THIS Ly J WKU A -5 .7CI ANT TU?