Medford mail tribune. (Medford, Or.) 1909-1989, May 03, 1961, Image 2

Historic Oregon Newspapers

Medford mail tribune., May 03, 1961, Image 2

Image provided by: University of Oregon Libraries; Eugene, OR

About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 3, 1961)

Prev Page of 29 Next Prev Issue Next Text PDF JP2 (2.8 MB) Clip/Print Image

Return to Top

Prev Page of 29 Next Prev Issue Next

Newspaper Page Textliiiii-lnlgilff lay9 Wirtd's goepensation Studied Siccus Continue Tuesday's Rally New York-(UPD-Stocki gave good account of themselvei today, continuing the rally which itarted Tuesday. Blue chip industrial met some fairly strong support with gains of around a point or more showing In General Electric, Johns-Manvllle, Wet tlnghouse, - Woolworth, Jer sey standard and uu font. Rails continued to strength en. New York Central added nearly a half, Southern Pa cific and Pennsylvania rose smaller fractions. Steels showed gains of a point or more in Youngstown FREE. : Monthly Stock Digest MAY- 961 Contents Mora Common Stocks with "Blue fobbon" Recordi 2 & 3 Msrke Pries Trends of Important Stock Groupi 4 Recant Performance within Selected Groups , 4 Guldeposts of Business and Finance 4 Stocks Gain-Lose Instlt. Favor. 5 Convert. Preferreds Desirable? .. 5 Over-trie-Counter Ind. & Utility Stocks . 6 How are Bank Slocks i 1 Doing? 7 Stat. Data on Over ISO Listed Com. Stocks ......8-31 and U.S. Steel, Chrysler tacked on a half in the autos where American Motors, General Motors and Ford added like amounts. DOW -JONES AVERAGES New York-TCPS-Dow-Jones final stock: averages! 30 in dustrials 113.34, up 8.29; 20 railroads 142.12. up 1.34t 15 utilities 111.15, up 0.51, and 5 stocks 227.72, up 1.66. Sales Tuesday were about 4.11 million shares com pared with 3.71 million shares Monday. . Tuesdays' prices on tslected: stocks: Alusn Co. Am ,. ......... 71 V. American Airlines w.....m...M 21 American Can ....... ....... 40 American Motors ...... 18 It AT&T 15S7 American Tobacco , SOty AnKUIDI UODllBr HAIL Arinco Steel 7.ni dviiuia uurji ............ Oit V4 Bethlehem Stl aiZ srunswicK jsfTwsrs l "v kxjv i r v. v j 48 80 33 n 431? & CO. INC. 14 S. Central Ave. Ph. SPrbia 2-411 Pick up a copy, phone, er send sou .pen below. No cast er ebllf aHen. Nnm Street City Zone i State Caterpillar Corp . Chrysler Corp Coca Cola C. B. S Continental Can Crown Zellerbach Crucible Steel . Curtlss Wrlsht . 18 tj Dow Chemical .............J. 71 & Du Pont ....... .....306'4 jca. in i.ii IYUU.K 1 J . ' 39 ft , 41 71 , 23 Firestone Ford General Electric General Foods . General Motors . Georsia Paclfle ... Graham Pilfe ... Greyhound Gulf Oil Homestake Mining .. Idaho Power .... ,. I. B. M Int Paper ...... Johns Manvllle Kennecott Copper ....... muun io. ......... 3H Merck . 88 Montana Power ... 34 ft momsomery wara 30 2SV, 8414 .. '18 ..... & ..- 7Ht ..- a 14 24 ..... 40 !1 44 eu 70S 32 65 !4 .... 81 Nat'l Biscuit New York Central Northern Pacific . Pac Gas Elec Penney J. C. . Penn RR Phllco . Phillips Proctor and Gamble Radio Corooration Safeway ............ Sears Shell Oil , 78 ',4 1814 4314 7711 40',J 1414 2114 8714 8014 8014 47 89 14 4314 4714 .... , 88 - 2314 .. 3214 OOI4 a'. ..... o4 ..... 4714 ..... 814 103 2414 14 Socony Mobil Oil Southern Co .... Southern Paclfle Soerry Rand u. Standard California ,H Standard Indiana ....... Standard N. J Sun Minea Texaa. Co Texas Gulf Sulfur Texas Pac Land Trust ............ 22 Thlokol ......... 4314 Tranaamerlca 3414 Trana World Air 17 Trl-Contlnental 4214 Union Carbide (xd) .. .. 4314 Union Paclfle 3214 FLIGHT POSTPONED Astronaut Alan Shepard, "right, of Derry, N. H., chats with Rep. Perkins Bass (R-N.H.) at the Hanger S area at Cape Canaveral, Fia., following postpone ment of Shepard's scheduled flight into space aboard a Mercury capsule. Bad weather wiped out the May 2 launch attempt at least until Friday, possibly longer. v , (UPI Telephoto) British Diplomat Sentenced as Spy L 0 n d o n fflPD A British diplomat pleaded guilty today to spying for Russia since he emerged from Communist North Korean captivity eight years ago. George Blake, 38, was sen tenced in Old Bailey Court to 42 years in jail, the sternest such sentence ever imposed in British peacetime history. Atty. Gen. Sir Reginald Mannlngham-Buller said the suave, dark-haired diplomat had made a "full confession" after- his arrest in Beirut three weeks ago. A Foreign Office spokes man said Blake was vice con sul In Korea when invading North Koreans interned him in July, 1950. Blake was released by the Communists in April, 1953. In court, the prosecution said he voluntarily began betray- ,.. 48 . 46 United Aircraft .......... United Air Lines U. S Rubber 8114 U. 8. Steel (xd) ... 8714 West Bank Corp ... J314 WesUnghuuse ... 42 ing Britain in 1951, apparent ly while in Communist hands, London newspapers reported Blake was brainwashed and became a Communist while in North Korean cus tody. Manningham-Buller said Blake admitted passing the Russians a "mass" of "very important" Information, none of it apparently having any thing to do' with secret wea pons or nuclear devices. In sentencing Blake, Lard Parker, England's lord chief justice, said, "your case is one of the worst that can be en visaged in times of peace." Blake betrayed his adopt ed country. Born in Rotter dam, he fled to his father's native England when the Na zis invaded Holland. Washington-IUPD - President Kennedy donated $10 Tues day to the National Multiple sclerosis Society to launch that group's 1961 Hope Chest fund campaign. At Sewing Center A Complete Department! Featuring the finest selection of fabrics for all your spring and summer tewing. We invite you to come in and look around. You will be delighted with our wonderful selection of fashion's newest materials and patterns! See our special Introductory Bargains in summer cottons (limited time only). akfeiUMt,!, LOOK! Group of Fabrics in prints, plaint and novelty weaves, sheers and drip dries In assorted finishes ... Famous Drip Dry , Signature Prints Dan River Novalry Ginghums Linfast , REQ Sheath Linings TO 1 jr riMi y 'h-A YARD j One Group Pure Silk Chiffons 54" wide Only $11 00 U Per Yd. VV carry verytMng for your tewing needs ... the famous MORSE SEWING MACHINES, fabrics and notions ... even knitting machinet and vacuum cleaners. Drop in today! Service end Repairs on All Makes ef Machines. Rtntais $1.00 SEWING CENTER 21 S. Central ) Phone SP 2-2739 NIXT TO SH ORIIN STAMP STORI Disposal Vacuum Bags. We Sharpen Scissors and Pinking Shears Duncan, Pearson Trying To Find Agreement Range Salem - (UPD - Legislative leaders admitted today they are considering a "two-and-a-half-way" workmen's compen sation proposal coupled with benefit hikes. . Sen. Walter Pearson and House Speaker Robert Duncan said they are trying to find an area of agreement that will end the deadlock over Pearson's three-way work men's compensation bill. Both said their aim is to pfiss some sound legislation in the industrial accident in surance field this session. "We are still hoping to ar rive at some middle ground that will be acceptable, Dun can said. Bill In Committee The controversial three way bill, passed 16-14 by the Senate, is located in the House Labor Committee. v It would have ended the state's monopoly on injured workmen's insurance by let ting larger employers insure themselves and by letting pri vate firms write workmen's compensation insurance. Labor objected strongly that private insurers would make the program more cost ly. Extension Proposed Pearson said he has pro posed extending the field to permit employers to self-in sure and then let private firms reinsure, or backstop, only in the self-insurance area. This would give private firms some business, but not as much as they would have gained under the three-way bill. Pearson ' said liberalized benefits are being discussed, although they were not part of his proposal. Labor has supported separate bills that would increase benefits, min us the three-way provision. Step-Hike Increase in State School Support Among Items Given Approval Two Persons Arrested in Valley Two persons wanted by Medford police on bad check charges were arrested Mon day, one in Medford and the other in Ashland. Ashland city police arrest ed Tom Ray Hamilton, 26, also known as Ray C. Spawn, on a charge of late and un usual hours. Hamilton was wanted in Medford for alleged ly cashing a $20 worthless check at a local motel. Medford police have placed a detainer against Hamilton charging him with obtaining property by false pretenses. The second suspect arrested was Niilo Vernon Suomela, 68, White City, who was want ed for allegedly cashing a$5 worthless check at a local supermarket. Medford police arrested Suomela on a downtown Med ford street and charged him with obtaining money by false pretenses. House Approves Highway 197 Funds Salem - (UPD - The House Tuesday afternoon approved $4 . million in bonds for re alignment and improvements on Highway 197 in Wasco county. The vote was 37-11 The bill went to the Senate. The measure already has been approved by the Ways and Means Committee. The bill originally asked for $10 million but $6 million was cut by the House Highways Committee. Rep. Katherine Musa (D The Dalles) said the $4 mil lion would give the highway department a "good start" on reconstruction of the route. especially on the treacherous Tygh grade near Tygh Valley. The Highway Department has estimated it will take $11 million to completely recon struct 197. Deputies Investigate Four Corners Burglary Jackson county sheriff's deputies are investigating the burglary of Hunter's Tavern at Four Corners and Crater Lake highway Sunday night. An undetermined smcunt of money was taken, they said. Burglars entered by prying a board in the roof. Money was taken from a cash regis ter and various coin machines. Helps You Overcome FALSE TEETH Looseness and Worry No loniw bs unoml fMI Ul-mt- IMin rASTKETH, D ImprOTtd !- ron.ivimMniw your plta holds thrn firmer no thuf mors cnmtortftbls Atouj embtr- fiwn.rni rautrfl oy ions plates A8TUTH todsy m tor druf oountse Salem -fflPfr- A record $365 million spending plan that topped Gov. Mark Hatfield's 1961-63 budget by $7 million won the blessing of the Ways and Means committee late Tuesday. It Includes a step-hike raise in state school support of $10 per child the first year and $5 more the second year. This would bring the state's con tribution to $120 per pupil by 1963, about 40 per cent of the per child cost. Hatfield had proposed $115 both years. To meet the $7 million In crease over Hatfield's budget, the committee upped revenue estimates by $6 million, and called for a 10-cent-a-bottle average Increase in the price of liquor. Since the liquor commis sion predicts some 22 million bottles will be sold, this would bring in about $2.2 million more. The committee also voted to give a bigger share of state-collected liquor reve nues to cities and counties. Cities would get 2.5 per cent more, or a total of 12.5 per cent. Counties Need Money Counties for the first time would get 5 per cent of the state's liquor intake, or about $1.5 million over two years. County spokesmen said it will help them pay their share of new programs such as medicare, surplus food, and mental health clinics. In addition to the extra school, support, major in creases in the committee-approved expenditures are ad dition of several items not mentioned in Hatfield's bud get. Among these are the acqui sition of Boardman industrial site, community colleges, and surplus food distribution. Basic school support was the last big item requiring committee decision. Some minor adjustments still are expected, and floor changes or last-minute com mittee revival of tabled bills could change the total. The committee expects to end the biennium with about $1.5 million surplus. Sen. Ward Cook (D-Port-land) warned that passage of Ann Sothern Faces Lawsuit by Mother Los Angeles -(UPD- "I was deeply shocked," said actress Ann Sothern when told her 76- year-old mother was suing her for allegedly refusing to pay $500 in medical bills. Mrs. Annette Yde Lake, former opera singer, filed the suit Tuesday and asked $1,200 in monthly support. She con tended the millionaire star, 49, failed to help her in the past. "I have been for many years the soie support of my mother and have always pro vided for her generously," Miss Sothern rejoined. "I in tend to continue to do so." In her superior court action Mrs. Lake said unless her daughter helped her she would have to "subsist on the charity of friends or on such privisions as might be forth coming from the state." Regional Edition Medford , Page 2A Tribune MEDFORD, OREGON, WEDNESDAY, MAY 3, 1961 an income tax cut could wreak havoc with tne com mittee figures. Such a bill is awaiting Senate action. It would cost about $10 million. Other Highlights Safety - The House passed and sent to the' Senate a bill requiring all new cars sold after this year to have seat belts. Pay - Gov. Mark Hatfield signed into law a bill raising his salary by $2,500 to $20, 000. It contains boosts for five other officials. Medicare - The House ap proved a $10 million medical care for the aged program to start Nov. 1 and sent it to the Senate. Truckers - Hatfield signed a bill permitting the state to bar out-of-state log truckers when the season is slack, giv ing Oregon operators an ad vantage. It becomes effective Jan. 1 and allows the public utility commissioner to re quire certificates of necessity from all truckers. Tenure - The House Rules committee rejected an educa tion committee attempt to in troduce a teacher tenure bill identical to one tied up in the Senate Education committee. The bill would redefine dis missal causes for teachers and remove school administrators from tenure. THE STANDARD OF QUALITY IN THE WEST Distributed by SELBY co!s 303 N. Bartlett SP 3-3645 I Announcing ... Permanent Office Location, Dr. Paul D. Bray Chiropractic Physician 2292 Lozier Court SPring 2-4511 (New Number) To Mo ther JVith hove ,bKv J s - y.f MABSHMALL0W HANDBAGS IN LUSCIOUS COLORS 500 & 798- Wonderful cloud-soft handbags with the luxury touch of fine leather Scuff and water resistant in beautiful colors: White, Bone, Lilac, Cloud Pink,, Coffee or Green.