0
(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?