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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 23, 1961)
o Rogue Valley Edition Medford, MEDFORD, OREGON, MONDAY, JANUARY 23, 1961 Stocks Carve Out Healthy Gain Today New York-WPII-Stocks carv ed out a healthy gain today The Dow-Jones industrial average scored in the neigh' borhood of 5 points helped by General Foods and Eastman Kodak up around 3 and gains of a point or more in Du Pont, Alcoa and Anaconda, Most auto stocks were fractionally higher while steel issues mov ed narrowly. Rail stocks failed to match the industrials for a change as much of the steam ran out of the B&O which hold close to last Friday's close after kfe lng ahead around Vh at one time. The C&O dropped around 2 points. Hercules Powder soared around 9 points to lead the profit parade while Mcrgen thaler gained over 4, Plough 334, Vento 2, IBM 2'A; Lehn & Fink, 3'A, Cosden Petro leum 1'4, Kcrr-McGce 2'A and U. S. Borax l-Vi. New York - WH - Dow Jonei final itock averages: 30 industrials 639.82, up 5.45: 20 railroads 141.95, off 0.89 15 utilities 103.59, up 0.14, and 65 stocks 215. 58, up 0.84. Sales today were about 4.45 million shares com pared with 3.27 million hares Friday. Today's prlcci on selected Allied Chemical Alum Co. Am American Can American Moton AT&T J Anaconda Copper Armco Steel Bcndlx Corp Bethlehem Steel . UoclnR Air Caterpillar Corp Chryaler Corp Continental Can Crown Zcllerbach Dow Chemical Du Pont Eastman Kodak Firestone General Electric General Foods General Motors Georgia Pacific Graham Paige slocks: ... 57 H ... 70 V, ... ST.U ... in ...100 '.. ... 411 ... fllf'.a ... (Illli ... 42-1.4 .. .'Ill .. 31 a; .. 3(l' .. 40!, .. .1.1 .. 71 ..2047s .112 i. 3tm ,. 07 V. ,. 7'.i . 4.1 . ttv, . IT. "I'm knowledgeable enough to insist on SAN1TONE Soft-Set Dry Cleaning" bf J, 1mf ' y ft" VV Men who know quality recognize it in our Snnilnnr Dry Clenning. They liko the wny it gets out all the dirt, keeps fabrics new-looking longer. They npproeinte the way it preserves like-new drape nnd (il cleaning nfter denning; the professional press that lasts longer. Call on ua today for Sanitone Service- discover its superiority for yourself. Try Our CUSTOM LAUNDERED Fit Batter look Fol Bitter CONVENIINT PARKING RIGHT AT THI DOOR H. D. 601 E. Min St. I lis Page 2A Tribune Greyhound Gulf Oil Homcstake Mining Idaho Power I. B. M. . Int. Paper Johns Manvllle Kcnnecolt Copper Lockheed Aircraft Montgomery Ward Nat'l Biscuit New York Cenlrul Pac Gas & Mcc Penney. J. C Penn Rlt Radio Corporation Richfield Oil Safeway Sears ... Shell Oil Socony Mohll Oil Southern Co Southern Pacific Standard California Standard Indiana Standard N. J Sun Mines .'. Texas Co Texas Gulf Sulfur Texas Pac Land Trust . Transomcrlca Trana World Air Tri-Contlnentnl Union Carbide Union Pacific United Alrcrart United Air Lines U. S. Rubber U. S. Steel ... 21 ... 34 ... SI ... 84(4 ...827(1 rtni'. ... OOs ... 78 ... WA 1i !. ... IB'i ... 7IHs ... 41 f, ill'. ... 53 !4 ... 611 ... aov. ... 55 ... 43 ... 42'.'j ... 411 1, ... 22 ... 48 ',1 ... 40 ',4 ... 4314 ...104'.4 ... 8B',4 ... 21 ',4 l a I'. ... 20 '4 ... IS'i ... 30.4 ...123 ... 20 V, ... 41 ... 3014 ... 50 V, ... 8014 Man Arrested On Larceny Charge Medford police Saturday arrested Albert Jackson Kim brell, 36, of 8:i North Cen tral ave., on a charge of lar ceny from a frozen food lock er, after Kimbrcll admitted that he took nn estimated 50- 75 pounds ot meat from food lockers at the Medford Ice and Storage company, 5 3 5 South Fir st. Kimbrcll, who is unemploy ed, admitted taking meat on six different occasions during the past four months. He told police that he and some friends ate some of the meat and the rest was given away. Police recovered a large quantity of the stolen meat. Kimbrcll was lodged in the county jail. And rlemnnd SHIRTS Bettor CHRISTENSEN Ph. SP 2-9169 v; nrm ijMj..- I i & WOUNDED SOLDIERS REMOVED-Wound-ed royal Laotian soldiers who were evacu ated from the front lines are shown at Vientiane military airport. Laotian govern ment forces consolidated their hold on the village of Vang Vicng toward the end of Republicans, Democrats Praise Stevenson By A. ROBERT SMITH Mail Tribune Washington Correspondent Washington (Special) - Ad- lai E. Stevenson won praise from both Republicans and Democrats on the Senate Foreign Rela tions commit tee for his de scription o f the United Na tions where he will serve as the V. S. am bassador. Bmith Sen. Wayne Morse called It the finest statement he had seen on the "symbolism of the U.N." He said II ought to be required reading. Stevenson's statement said: "The American people over whelmingly agree that the United Nations Is man's best hope for peace. But it is some thing more than that. It is our best hope for fashioning a peace marked with freedom and justice - a peace which accords with the aspirations of free men everywhere. "The United Nations - as an idea and as an institution -is an extension of the western ideas; of the western belief in the worth and dignity of the individual; of western ideolo gy; of western parliamentary tradition. Its roots are in the western ideal of representa tive government. In short, It is thoroughly anti-totalitarian. When one stops to consider the philosophical' foundation of the United Nations, it Is ensicr to understand why Pre mier Khrushchev pounds the desk in frustration. Deepest Convictions "The Identity of the United Nations with our deepest con victions about the nature and destiny of man is a central fact we need to keep in mind as we move through a period of relentless turmoil and tra vail. The membership has al most doubled since my time (as a UN delegate in 1946-47), nnd we are likely to encoun ter some unaccustomed re buffs and disappointments in that political arena in the months ahead. " . . .Many of the new and less developed countries at tach even greater importance to the United Nations than we do. They sec in It first, the best hope for the peaceful set tlement of disputes; second, for the enforcement of peace; and third, a source of help in llieir economic development which will not subject them to subversion, foreign control or; involvement In the cold war ' "When a new African slate wants to symbolize, its nation-; hood, its leaders come to the United Nations. "When an Eastern nation wants to complain of discrimi nation by its neighbors, of border mills or outright inva sion, its leaders dramatize the Issue before the United Na tions. Pre-Invettment Capital "When a Latin American stale seeks pre-investment cap. Ital - or even when one of its leaders Is suffering from self Induced Invasion Jitters - its lenders ask for attention from the United Nations. "When Western Europeans want to protect exposed Ber lin, their leaders remind the Communist powers of their j for UN Description obligations in the United Nn tions "When a Communist leader wants to bang his shoe on the table - and be heard - he too must come to the United Na tions "And when we want to lead in the effort to make peace operational, we too find in the United Nations an immensely useful instrument of Ameri can foreign policy. Not Self-Operating "The United Nations is like a spade; it is not self-operat ing. It is what we make of it, for purposes that we can find in common with our neighbors in the world, . , . "The UN Is partly a debat. Ing society - but let us not denigrate the importance of debating, on the world's plat form, about men's freedom to seek welfare, Justice, a sense of achievement and an oppor tunity to participate in the big decisions Unit affect their own destiny. In Congress, too, there are sometimes long and tiring debates;, the first prin ciple of a free society is an un- trammeled flow of words in an open forum. "But the UN is also an ope ration - a limited operation, but a crucial one. It operates, first, in those no-man s-lands of international security, like the Gaza Strip or the Congo, where a limited amount of power and a great deal of ne gotiating skill can be usefully applied by international agents who are not above but are outside the clogged chan nels of communication be tween the world's great chan celleries. "It operates, second, as a fncility for sorting out issues so complex that they involve many different peoples. Multi- laterial diplomacy is not an alternative to bilateral diplo sIsssssssssssVsWsIsssIssssVssssssssssssssssVBsIsVbsIsssssssIssVssHbIssss 500 GALLONS HY-TEST 303 PREMIUM HEATING OIL WITH EACH OIL FURNACE INSTALLATION ACT NOW! OFFER LIMITED! 0 Floor Furnace or Central Heating System Most Economical of All Automatic Hoating Phone SP 2-5266 last week. Pilots of planes which arrived at Vientiane with wounded soldiers reported heavy firing around Vang Vieng, indicating government troops had established contact with the rebels. (UPI Telephoto) macy; each is appropriate in differing circumstances. "If the UN did not exist, we would have to invent it. The UN operates ... in every man's struggle against 'pover ty, hunger, desperation and chaos.' Strengthen Experiment "So we must, I believe, cherish, preserve, strengthen this great experiment in inter national collaboration in these days of savage attack and se vere testing. We should use it not as a device in this cold war, nor just in defensive re action to Soviet initiatives, but affirmatively to advance its great purposes .- to liberate man from the scourges of war, poverty, disease, ignorance and oppression. "In this role, as in its oth ers, the UN at its best is not a formula for 'stability,' but a framework for change. All the world's tensions are not bad; some, the incentives of hope and the drives for self-expres sion and self-government, are what makes the free world hum. It is a mistake, in my judgment, for us to see in the UN merely a desperate surviv al operation, without also ex ploiting its potential as a co operative search for better an swers to the overhanging ques tion, 'After survival, what then?' Peoples are best ce mented together, after all, not by mutual fear but by mutual hope. ". , , We should be ever alert to the possibility of em ploying its machinery not on ly to bring conflicts to an end, but also to seek solutions be fore til is stage is reached. It may take great statesmanship to solve b world crisis, but il is a sign of greater statesman ship to prevent the crisis from developing." IVyV " White House Intervention Ends Strike in New York New York - (UPI) - White House intervention ended to day a strike over the jobs of 62 men that closed down the nation's second biggest rail road, threatened the economy of the n a t i o n's industrial heartland, and dislocated life of the country's biggest city. The 13-day strike cost the nation hundreds of millions of dollars in wages and freight and passenger revenues of rail lines stretching from St. Lou is and Chicago to Boston and New York. The first feather in the cap of President Kennedy and his new labor secretary, Arthur J. Goldberg, was the settle ment this morning of the strike of 660 harbor tugboat and ferry men against 11 rail roads that use barges to get cargo onto Manhattan Island. Goldberg flew here Sunday at the behest of Kennedy and announced a settlement 14 hours later. One Issue Unsettled Claude Simmons and John J. Gaherin, chief negotiators for the tug unions and the railroads respectively, both termed the settlement "satis factory." But the main issue in the contract dispute - the desire of the railroads to trim approximately 62 men from the tug crews for the sake of economy - has been left up to a White House commis sion studying alleged feather bedding. William G. Chase, director of labor relations for the closed New York Central rail road, said the turning point in the negotiations came when the principle that the rail roads "should be able to op erate efficiently and econom ically" was recognized by the unions. President Paul Hall of the Seafarers' Union, one of three unions involved in the strike, praised Goldberg for his pro fessionalism and said there was no question that the strike would have dragged on "if he hadn't entered the picture.' The Central began to get its interstate operations start ed again this morning bv scheduling a run from Boston to Albany, N. Y. Other com muter and long distance trains will be put into operation as soon as snow removal, switch inspection, and equipment dis tribution problems are work ed out. Service in and out of Chicago should be restored Tuesday morning, the road said. The New Haven railroad an nounced that it would resume service between Boston and New York this evening and scheduled resumption of com muter service into New York ; for Tuesday morning. Jersey Central and Erie-Lackawanna ferryboats across the Hudson ! resumed this afternoon. Commission Reorganized The lug issue, involving 56 lugs and nine ferries, must be submitted to a 15-man com mission within 30 days. The commission w.ill be reorgan ized to include representa tives of labor and manage ment in the New York dis pute over the railroad's plan to trim the present five-man tug crews to four. Settlement on the basis of fact-finding board has been favored in the past by AFL- CIO President George Meany. A spokesman for Meany said he was pleased by the tug agreement and hoped "this will be the pattern the admin istration will follow." The agreement must be rat ified by the union members Comfort and Satisfaction Guaranteed No Down Payment Long Terms Financing on Approved Credit, 41! E M. St JMM 1 P who scheduled a meeting to day in Brooklyn. The settlement was reached with the intervention of Gold berg, Gov. Nelson Rockefel ler, Mayor Robert Wagner and federal mediators. Goldberg, who talked twice to Kennedy before moving in on the strike, said, "This is quite an introduction to my work as secretary of labor." He has been on the job only three days with the new administration. OOOOO 'ewblished 18" 1 (green '.STAMPS, lashed Potatoes TT C $100 I Regular - 11 I 35c tor I & sf V BETTEY CROCKER f79 n iflk .stsnt B mm m jit O Req. 47c C ffir 1 Bottle I Reg. 57c v&l. r, "y 3 OITE PRUPIES V ESlABUSHtO 1896 I B HBir I H E3B 0 SUNRAY Size Pkq- s'Sk Red Ripe S,icin9 Size mm tomatoes i So N Fresh STUH'SHiP If 96 ( B Fresh CHEEN ISTA M PSJ o 0 I J E Rockefeller, Wagner and Goldberg announced the set tlement in Rockefeller's office. The governor started the an nouncement by saying, "I'm very happy to say the strike has been settled." Goldberg detailed the set tlement which he termed "fair, decent, honorable." "It protects the public in terest which always must be paramount in these disputes," he said. "There was frank co operation from both sides." 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