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,
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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
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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.
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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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