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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 9, 1961)
it?;- U . . n 'rWHiJi '4.'--. W. K "v ''A 4r t V t ivi j( pOH confeBENCE Gelling together for the No. 1 issue as, a result of Britain's Prime Minister Harold TOGETHER J weajt, Prime Ministers' momentous Macmillan's Behind-the-scenes work to head off any early start oi uie v-o are from ief t, Robert Menzies of explosion over South Africa's racial segregation policy conference in Kttan of Pakistan, John Dlefen- which might have led to a demand for the country's ex- Aus ia, r.-.-j. nd Dr. Hendrik Verwoerd of South pulsion from the Commonwealth. Africa. The question of nuclear disarmament was the (UPI Telephoto) Education Comittee Approves Bill To increase Basic School Support Salem - (UPI) - Tossing out Gov. Mark Hatfield's recom mendation, the House Educa tion Committee late Wednes day unanimously approved a bill which would raise basic school support to $125 per census child. That is twice the increase Hatfield propos ed. It would hike the state's share of local school costs to 40 per cent In 1961-62 with; 1962-63 contributions at 38 per cent.' The present state share Is 36 per cent. The committee amended Hatfield's bill, HB1106, and KB CI IT 0lil I lib: 2 lbi. TOM THUMB (MARKET sent It to the Ways and Means Committee. At present the state con tributes $106 per census child, or $107.6 million a biennlum. The committee's $20 Increase would add another $22 mil lion. Chairman Tom Monaghan said he believes the governor has enough in his budget to take care of it. He said Hat field has underestimated the budget by many millions. Safely Belts Urged Rep. Ross Morgan (D-Gres-ham) announced he Is intro ducing a bill to make safety seat belts mandatory on all new cars sold In Oregon. Half of all car fatalities in the nation last year could have been prevented with such belts, he said. The Senate State and Fed eral Affairs committee ap proved bills moving the secre tary of state and state treas urer out of the Capitol Build ing to make more room for the legislature, and the three block cutback in the capltol mail.. Secretary of State Howell Appling Jr. said he would be "glad to move to a quonsct hut" if it would cut costs of government. But he warned that cost of moving his office to another building would probably be at least $500,000 and the legis lature should look into this carefully. The House Public Health and Welfare Committee voted two bills out "do pass." One would liberalize the state rel ative responsibility act and the other would allocate $75, 000 to nelp get welfare recip ients back to work. The latter went to Ways and Means. Stocks Show Gain Of Extending Gains New York - (UPI) - Stocks Jumped off to a short gain this morning but showed strong signs of extending the advance. Electronics and low-priced specialties were in heavy de mand while steel stocks be gan moving ahead during the second hour. -Motors and chemical issues were narrow. DOW-JONES AVERAGES New York - fl!PD t- Dow Jonet final stock averages: 30 industrial! 666.15, off 0.99; 20 rails 42.24, off 1.38; 15 utilities 108.26. up 0.28; LOCKER BEEF Cut Wrapped and Quick Frozen 3W. Freth Beef Rib Steaks Stew Cube Sirloin Steaks ".'" Boneless Beef.. 69 69 98' lb. lb. lb. Sea Perch Fillets CRAB MEAT 39 lb. M9 Big FREEZER SPECIAL 25 lbs. BEEF Only s1298 Cut, Wrapped and Quick Froxen 65 stocks 222.97 off 0.47. Sales Wednesday were about 5.91 million shares as compared with about 5.54 million sh a r e ( Tuesday. on lelected Wednesdays prices Allied Chemical Alum Co. Am American Can American Motors AT&T .... American Tobacco - Anaconda Copper Armco Steel Bendlx Corp . Bethlehem Steel Boeing Air . Brunswick Caterpillar Corp Chrysler Corp Coca Cola .... Continental Can - Crown Zellerbach Curtlss Wright Du Pont .... Eastman Kodak Firestone .... Ford General Electric General Foods -. General Motors Georgia Pacific Graham Paige Greyhound Gulf Oil Homostake Mining Idaho Power I. B. M Int Paper Johns Manville Kennecott Copper Lockheed Aircraft Merck Montana Power Montgomery Ward Nat'l Biscuit New York Central Northern Pacific Pne Gas Elec Penney J. C. Pcnn RR ...... Phillips Proctor and Gamble Radio Corporation (xd) Safeway Scars Soeony Mobil OH Southern Co. Southern Pacific Sperry Rand Standard California - Standard Indiana Standard N. J Sun Mines .. Texas Co Texas Gulf Sulfur Texas Pae Land Trust . Tninsamerlca Trans World Air Tri-continental Union Carbide Union Pacific United Aircraft United Air Lines U. S. Rubber U. S. Sleel ... Westlnghouse ... 57i ... 76 37 J, ... 17 V, ...114 ... 71 '4 ... SU 7JJ, ... 64 Vt ... 45Ts ... 41 !i ... 74 ... 34", ... 43 14 ... 851.', ... 38 ... 5i", ... IS 14 . 211 ...116 ... 3!) ... 7614 ... mv, .. 7(1 .. 44 ?J .. GOV, .. 2',i ... 2211, ... 37 ,i ... 45 14 ... 53,1 ...681 ... 33 !4 ... 64 ... 83 ... 34 V, ... B7?i ... 34 11J ... tO'.'t ... 10' ... 44 ',4 ... 80 ... 40 "4 ... 13,i ... 58, 14!H, .. .18 41s .. S8'' ... 4374 .. 50 .. 23 .. a.m .. 484 .. 4714 .. 44 .. 8 .101 .. 21 .. 20 H .. 32 '4 .. 15 i.i .. 41 1.4 ..125 '4 .. 31 J"'. .. 404 .. 50 .. 87 '4 CHRYSTAL MEATS 4th and Fir SP 2-7315 AEC Plans Study of Underground Tests Washington, (Science Scrv-ice)-The Atomic Energy com mission Is considering a pro gram of studies on the earth shock effects of possible un derground nuclear detona tions. The studies would be par ticularly useful in determin ing the risks involved in the proposed Plowshare Program of atomic detonations for peaceful uses. No nuclear de toiiiitlon vet has been an proved for Plowshare, which has been highly publicized by AEC as a positive reason for continued nuclear testing, at least underground. Apart from military impli cations, the AEC has pointed out that the ability to achieve controlled underground ex plosions could have valuable peaceful uses in the building of dams, canals and other similar major construction. NOW YOU KNOW United Press International Dutchman Cornelius van Orebel constructed the first ubmarine in 1620. The ves sel is said to have navigated the Thames propelled by rowers 12 to 15 feet below the surface. Kennedy Proposes Construction of 1 00,000 Low-Rent Units in Big Program Washington -IUPD- President Kennedy today sent Congress a housing program proposing that the government subsidize construction of 100,000 low rent units as part of a major attack on crime-infested city slums. In a move to aid moderate Income families, he suggested a temporary and experimental use of no-down-payment mort gages which would be avail able to any person who want ed to buy a home costing up to about $13,500. "A nation that is partly ill housed is not as strong as a nation with adequate homes for every family," the Presi dent said. "A nation with ugly, crime-infested cities and haphazard suburbs does not present the same image to the world as a nation character ized by bright and orderly urban development." He called for government backed low-rent housing units because "government housing subsidies are required for families with very low in comes. Public housing is the only housing they can afford; yet public housing is too often unavailable." In a special message Ken nedy told Congress it must redeem the pledge of the 1949 Housing Act of "a decent home and suitable living en vironment for every Ameri can family." To achieve this goal, the President proposed expansion of present federal housing ef forts and several news uses of federal mortgage insurance. By 1970, he said, construc tion of two million new hous es and apartments a year will be necessary merely to keep up with population growth. The nation will be stronger as it is better housed, Ken nedy declared, and it will pre sent a better image to the world as it eradicates "ugly, crime-infested cities and hap hazard suburbs." He estimated 14"million American families "live in substandard or de teriorating homes.'.' Kennedy put -no over -all price tag on the array of pro posals he sent Congress. It appeared they would cost per haps $3 billion over a period of years. Citing the 18 per cent drop in home building last year, Kennedy said "there is no longer an enormous backlog of economic demand which can be released simply by providing ample credit." "Credit devices must now be used selectively,"' he said, to stimulate home building for moderate and low income Regional Edition Page 2A MEDFORDeWTRIBUNE MEDFORD, OREGON, THURSDAY, MARCH 9, 1961 families. He said it is these families who offer the largest and most immediate potential housing market. Kennedy said he would "shortly offer" to Congress a proposal for creation of a Cabinet-rank Department, of Housing and Urban Affairs. The Housing and Home Fi nance agency is headed now by Robert C. Weaver, whose sub-Cabinet rank is the high est ever held by a Negro. The President made no men tion of the executive order he has promised to issue banning racial discrimination in all federally aided housing. The administration plans to delay issuing it until after Congress acts on housing legislation. Kennedy made these pro posals: For moderate income fami lies: Temporary, experimental use of no-down payment, 40 year insured mortgages avail able to any family for pur chase of a home costing up to about $13,500. These loans, made by private lenders and insured by the Federal Hous ing administration, now are available only to families dis placed by public 'projects. Low - interest government loans for construction of rental and cooperative hous ing. Officials are thinking about askir tt Congress for $500 million for these loans. They would be made to local housing authorities, coopera tives, nonprofit associations and limited - profit corporations. For low income families: Action by Congress to permit the Public Housing adminis tration to subsidize construc tion of 100,000 low-rent hous ing units. "Unless we increase the supply of low-rent hous ing, our communities cannot rid themselves of slums," Ken nedy said. For elderly persons: Dou bling the present authoriza tion of $50 million for direct loans to non-profit groups for construction of housing for older persons. Reserving 50,000 units of low-rent public housing "spe cifically for low-income elder ly persons and families" and an increase of $(0 a month in the subsidy on apartments oc cupied by elderly persons, thereby lowering the rent they pay. 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