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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 8, 1961)
). Ma Rogue Valley Edition MEDFORD MEDFORD, OREGON, WEDNESDAY, MARCH 8, 1961 Speculative Fever Fans Stock Market New York-U?D-SDeculatlve fever fanned a lively and ir regular stock market today with low-priced issues ana special situations scoring some impressive gains. Industrial and rail issues comprising the Dow-Jones av erages were in the doldrums, having to wade through some mild profit-taking. Coppers and chemicals were weak, steels and motors mixed. Strong upside movers In cluded Litton, Beckman, J. J. Newberry, America. DOW-JONES AVERAGES New York - 0JPD - Dow Jones final stock averages) 30 industrials B66.15, off 0.99; 20 rails 42.24, off 1.38) 15 utilities 108.28, up 0.28; 65 stocks 222.97 off 0.47. Sales today were about 5.91 million shares as compared with about 5.54 million shares Tuesday. Today'! prices on selected stocks: Allied Chemical S7 Alum Co. Am 76 American Can - 37 H American Motor! ............ 17tt A T Sc T 114 American Tobacco 71 ',4 Anaconda Copper .. so Armco Steel .. 13K Bendfx Corp 64 ', 4511 41 ',i Bethlehem Steel . Boeing Air HrunswicK 74 Caterpillar Corp. 34 V Chrysler Corp. 43,i Coca Cola . BS'a ConUnental Can 38 Crown Zcllerbach 86' Curtlss Wright ...... IB 14 Du Pont ail Eastman Kodak 116 Firing Page 2A tribune Firestone 39 Ford 78?i General Electric . 6B General Foods 78 General Motors u .. 4',i Georgia Pacific SOU Graham Paige ... Greyhound 32 !1 Gulf OH 37'i Idaho Power 53 I. B. M ....681 Int Paper - - 3314 Johns Manvllle 64 Kennecott Copper 83 Lockheed Aircraft 34i Merck 87 ? Montana Power .. 34 Montgomery Ward . 31 Nat'l Biscuit 80V New York Central 19 !i Northern Pacific 4414 Pac Gas Elec S04 Penney J. C . , 4014 Penn HR ....... . 13"$ Phillip! 5B, Proctor and Gamble 149 Radio Corporation (xd) u 58 Safeway .. 43 Sears - 58,' Socony Mobil Oil 43 V, Southern Co 30 Southern Pacific . 22 Sperry Rand , 25 Standard Indiana ; 4714 Standard N. J .... 44 Sun Mines 8 Texai Co 101 Texai Gulf Sulfur .. 21 Texas Pac Land Trust 20 Transamerfca 32 Tram World Air 18 Tri-continental 41 Union Carbide 123 Union Pacific 31 United Aircraft 39 United Air Lines 40 U. S. Rubber 50 U. S. Steel 87 "4 Westlnghouie 48 SCHOOLS CLOSED By United Press International A heavy, driving snowstorm tangled traffic and closed hundreds of schools in the mid west today, and a tornado cut a violent swath across Ala bama and into Georgia. '' 1 ft. .! . , , j . ; t ' Mrs v: ' " 1; 3 ' jetclcet dresses work overtime Spring '61: The Jacket Costume, fashion's first love plus the surprise of Wonderfully versatile ... in navy, black, beige, green or hot pink. Squads Boivin Orders Speed By Education Committee Salem-OIPD-Senate President Harry Boivin issued a speed up Tuesday to the Senate Ed ucation committee, which agreed to "shoot for final ac tion by March 22' on priority school support and community college bills. Boivin said this would mean the Senate could act on the bills and send the approved measures on to the House in an effort to aim for adjourn ment "the latter part of April." This would be close to a 100-day session. Boivin, in an unusual appearance before the committee, said the Senate should clear its decks of all major legislation originating in the Senate in order to de vote full time to bills that will be passing the House in increasing numbers. Heavy Schedule Set Sen. Monroe Sweetland, chairman of the education committee, set a heavy sched ule for the next two' weeks, including a night meeting March 15: Boivin predicted the Ways and Means committee, now working on the large budgets in Gov. Mark Hatfield's pro posed $359 million spending plan for the coming biennium, will have completed Its major work by mid-April. The Education committee approved several bills, includ ing measures to provide edu cational television for Oregon classrooms, and programs for gifted and handicapped chil dren. 24 95 Execute 5 Convicted Revolutionaries Since the bills call for funds, they will have to go to Ways and Means. The House Labor and In dustries committee heard testi mony on a Senate-approved bill to provide state-run ma Underworld Tripped Peugeot Kidnapers Paris - (UPD - The Paris un derground put the finger on the kidnapers of little Eric Peugeot because gang land bosses were outraged at such a crime, a police source said today. Udall's Brother Wins in Arizona Tucson, Ariz. - (UPD - The politically magic name of Udali has scored again in Arizona, this time in a special congressional primary. Morris K. Udali, 38, young er brother of Interior Secre tary Stewart Udali, won the race Tuesday to select the Democratic candidate to face Republican Mac Matheson in the campaign for the seat Stewart vacated in the U.S. House of Representatives. Morris defeated five other Democrats with ease. Mathe son took the GOP nomination without opposition. Udali and Matheson meet May 2 in the second district special general election. chinery for labor elections to determine bargaining agents. Chairman W. O. Kelsay (D Roseburg), said the bill prob ably will be approved soon, with possible minor amendments. "In France, contrary to the case in America, kidnaping had been practically unheard of before the Peugeot case," the source said. . More than two months ago, an informer who appeared to have been sent by the Paris underworld advised detectives to check on Pierre (Handsome Serge) Larcher, 38, a petty crook with a penchant for wine, women and song. As a result of an intensive police Investigation, Larcher and an accomplice, Raymond Rolland, 24, were arrested on charges of kidnaping the young heir to the Peugeot automobile fortune. Eric, who was then four, was snatched from an ex clusive golf club near Paris last April 12 and returned two days later after his father paid $100,000 ransom. Larcher and Rolland, who used to be an actor in the provinces and preferred to be known as "Roland de Beau fort," were caught in a police dragnet Sunday while whoop ing it up at a resort in the French Alps with their girl friends. color! Total Number Killed This Year Raised To 19 Havana (UPD Prime Minis ter Fidel Castro's firing squads today executed five Cubans convicted of "counter revolution ary" activities against his government. The executions, carried out at dawn, raised to 19 the total number of anti-Castro Cubans put to death since the begin ning of this year. They came as the Castro regime faced mounting at tacks by terrorists in various parts of the island. Four men were shot in Ha vana by firing squads at La Cabana Fortress Prison. Another was executed at the same time in Pinar Del Rio. The first two to die this morning were Jose Rodriguez Linares and Apolinar Zayas Damas, found guilty of setting a city bus. afire last month while masquerading as Cas- troite militiamen. The other two men executed in Havana were Radames A. Cazata and Bienvenido I. Cruz, convicted of planning to blow up a telephone installa tion. Cazata was a former member of Castro's Dier (se cret police). He and Cruz were seized with a supply of arms and explosives in a comman deered telephone truck. In Pinar Del Rio an army firing squad shot Rey Espi nosa, charged with planting bombs in the nationalized cop per mine at Mathambre. An gel Venereo, convicted with Espinosa, was also sentenced to death but an appeals court instead ordered his imprison ed for 30 years. A spokesman for the anti Castro MRR organization scoffed at the government's claim that it has "virtually smashed" anti-Castro guerrilla resistance in the Escambray mountains of central Cuba. The MRR spokesman esti mated there are still 4,000 anti - Castro guerrillas oper ating in the Escambray re gion. He said they have in flicted more than 1,600 casual ties on government militia men while suffering "very few losses" themselves. School Budget Committe Meets The Medford school district budget committee last night started its preliminary dis cussions on the 1961-62 fiscal year budget and elected offi cers. The preliminary budget is expected to be ready for the committee's consid e r a t i o n later this month. Dr. Leonard B. Mayfield, superintendent, and his staff are in the pro cess of preparing it. Last night's discussion cen tered chiefly on the teachers' salary schedule. Teachers' salaries comprise about 70 per cent of the district's total ex penditures during the year. The schedule will be dis cussed at a later meeting after the preliminary budget has been prepared so committee members may view the sched ule in light of the overall budget. P. G. Humphreys was re elected chairman of the com mittee and Mrs. Thomas Eaton was reelected secretary. H. D. Christensen was elected vice chairman. Other lay committee mem bers are Robert Minear and Louis Strnube. Other commit tee members are school board members - Ed Branchfield, Otto Ewaldsen, Keith Hocker smith, Frank C. Bash and Wil liam A. Barker. Bill Edwards is an advisory committee member. Engineer, Court Check County Roads County Engineer Robert Carstensen said today he and the county court have one more day of road surveys be fore compiling a list of roads and bridges to be Included under the new year budget. County road crews are making an 89 foot deep cut on the Evans Creek rd. at By bee rd. to allow for realigning and regrading, Carstensen said. Regrading and reballasting is being done along two miles of the Applegate rd. from Ruch to Little Apple gate. This Is in preparation for a high type of pavenvnt this summer, under the fed eral aid program, he said. County crews are also clearing brush along part of Evans Creek rd. for anticipat ed grading this summer. Road crews are now clean ing up rock and debris from blasting at Kork point to widen the approach to Mc Leod bridge. This Is to make negotiation of the turn and approach of the bridge easier for logging trucks. Pilot of X15 Sets World Speed Record Edwards AFB, Calif. -flJPD- The pilot who flew the X15 rocketship to a world speed record of better than four times the speed of sound said today he is convinced the ex perimental craft can take him to the brink of space. Air Force Maj. Robert White streaked above the desert at more than 2,650 miles an hour Tuesday in the first National Aeronautics and Space Administration test of the X15's 640,000-horsepower rocket engine. "I believe now we will probably reach our design goals without any difficulty," said the 36-year-old pilot after the record flight. Housing Loan Okayed Washington-fllPD-Sen. Wayne Morse (D-Ore.) said today the Community Facilities Admin istration had approved a col lege housing loan of $231,000 to the University of Portland. NOW YOU KNOW United Press International The wing beat of the midge forcipomyia has been timed at 57,000 beats a minute. FREE - 16th ANNIVERSARY $16.00 GIFT CERTIFICATES Over $400 worth of FREE merchandise. YOU can win one of these $16 GIFT CERTIFICATES with our compliments. Ask us howl Also a $54.95 Floor Polisher. High Quality 4-Ft. Step Ladder Reg. $5.98 $388 Firescreen Special Solid Brass Frame, 38" wide. Adjusts 27" to 31", wtools. Reg. S26.95, ' C1Q OO SPECIAL sJIBsOO $4.95 20-gaI. Quality Galv. Garbage Cans . $3.88 $1.09 10-qt. Galv. Pail .... 66c S3.95 No. 2 Rnd. Ft. 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