Medford mail tribune. (Medford, Or.) 1909-1989, May 09, 1961, Image 2

Historic Oregon Newspapers

Medford mail tribune., May 09, 1961, Image 2

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Newspaper Page TextM M if lay lGgilatere IPirissiiiig.ffiir IFiiiigil Adjouraneiif is . 1 -i" ' - Little Fluctuation In Martlet Prices New York-OIPD- Stocks fall--ed to move decisively in the -first hour today. " . Steel and motor stoclu were 'virtually unchanged except ' lor Youngstown, ex-dlvldened, up V while chemicals con .tinued easier with Allied, Du !Pont, Union Carbide and East man Kodak down large frac tions. i Phelps Dodge rose point -In the coppers, Johns-Manville t."lViv In the building Issues and Northrop VA In the aircralts. ;Hospltal Supply added 2V4 ;and Max Factor IVi in their . sections. i Electronics were mixed. 4 DOW-JONES AVERAGES New York - (lift - Dow- Jones final stock average! : 30 . Industrials 689.08, off i 1.81) 20 railroads 143.(3. J off O.J4 IS utilities 111.93. : up 0.17. and (S sleeks 229.50, off 0.29. Sales Mon i day were about 5.17 million I shares compared with 4.91 5 million shares Friday. - i Mondays orlcti on MlacUd -atnc ka: .Allied Chtmlcal . (Alum Co Am -.. .American AlrllnM American Cin ..-. mricn Motors ..... . -AT&T American Tobtcoo ... .tAnaconda Coppar ..... , sev. .... 18 ... SJtt rmco bwii . - " endlx Corp Sljt tn Bel Bethlehem bum " Soelnt Air , ...... 71i ...... salt 43(1 88 ... aa? jCatcrolllar Corp - srumwicK 87 :hryaler Corp . Coct Cols CBS - Continental Can ..... Crown Zellarbaoh Crucible Steal ........ CurUM Wrliht Sow Chemical Du Pont Eaitman Kodak yireitone "ord ..... General Electrle General Foodi ....... General Motora .. Georf la Paclllo ..... Graham Pais - C rev hound . Oulf on . . 43 ! ...... D astt SOti 73 Tt liaji 37 V, J!k ml 4S , 7J 3 331i snJ 43 83ft HomeiUka Mining Idaho Power I.B.M Jnt Paper Johna Manvula ..... Kennecott Copper , Lockheed Aircraft . Martin Co. ...... ., ... 40 (i ... 3S ... (3 .... 8H4 .... 1V4 11 .... m Merck Monte-ornery Ward Mali Biacult Maw York Central .. Pae On Blae ... .. Penney J. C. . 40 Va ..j Fenn SH laa X . Phtlco .................. 11 SSfe PhUllpa i- MVt Ptootor and Gamble ....... .. SHi itanto corpoaauon ............... aa atewa : la K...-. " .raaaat 8 hell Oil ... 431k Socony Mobil Oil .47 V, Southern Co. 80 Standard California'"'.!!. 84 Salmon Bill Gvtn ' -, Approval by Houu Salem - lUFS - A bill to pro vide 3120,000 for salmon re habilitation programs passed the House Monday. It was cut from an original 31 million request. The money would be used for stream clearance and fish facilities. Local areas would have to -match the funds on ' a 6040 basis. wwtiwitriiiii iiwniaiiiiwiaaiiiiiitiiiiw Stock Splits in Some experts are predicting a greater number of stock, splits this year, as a result of the recent dy namic market, and the improving business picture. Because a stock split often ... broadens the market for the shares k draws attention to toe company's growth can precede a higher diridend rate . . . stocks that seem likely to be split are of special . Interest to every alert investor. The latest issue of Hams, Upham a Market Review gives an impor tant list of 44 issues that are considered candidates for possible stock splits in the near future . . . and manv of them are also likely to pay increased dividends. Market Review also features: ' Comments on 15 atoeks A timely analysis of the recommended by Harris, , Upturn's Research Staff Industry Groups that hare risen the moat during recent market adrances For your complimentary copy 0f this helpful In vestment guide, mail coupon today. .vuf. ' fii;y,FLRR is. Upham & C A Meaner, Ne. rert iteca f.r.e MM tUi$l enelsnW Wlaf neaWtr 04 canmeallf, enAentet , Formerly FOSTER & MARSHALL 44 S. Central Avenue, Medford, Oregon SMn, 1-7J77 , Geatfcaaeei rtaaae aaal MAamal Renew aWtbee- eka-a. " JeUreee. Cu 84. 48 ft ........ 9 10214 asr. sa ..- 44 , 88 V. ITVa 41 13S', 81 48 49 .. S3',a U. S. Steel SB ft sail Wait Bank Corp . weaitninoua . aa .118 Youngitown U T ; Bills Approved By Legislature Salem (UPO Measures ap proved Monday: BY THE SENATE SJR11 LaglalaUva Reapportion- ment. SJR40 Revenue Interim Com mittee 8B49S Judges' Retirement SRAAfl DruH. unAa nai anaa anaa anaa Dlitrlct Attorney aalarlei, higher education bulldlngi, atau aalraiaa, and budgata for employment, ameraancv hoard. HCR10 Condolanoaa on death of John Dlekaon. HJMlft Aiks Federal Jeglelatlon for federal employee unlona, HB1018 Workmen's companaa- uon. HB1MI Sawmill workar'a Han. HBliaa Welfare recovery divis ion. HB II 37 Work relief. HB130B PeiUcldee. HB1340 State employee. HB1241 -8ta:a amnloyeei. HB1398 Branch office buildings. HB1334 Funds to ciUea for HB1378 Wiretap authority in HBiaas criminaje, HB1404 Rural fire dlitricte HRlanjt Dlatrlet attornava. HB1418 ComnenaaUon for court- appointed attorneyi. HR1fMTavea. HB1833 Teachers and admlnls- tratora. . . HBH70 Bale or expiosivee. HB1883 S4 Million In bonds for highway 197. MH10B7 Kurai nra oiau-icia. HB170S Collection agencies. HB1710 Liquor. HBI731 Parmlta Columbia river bed mineral leaalng by land board. HB1708 State aJmlnlitraUve aal arlei, HB1758 Small woodlot umber tax reform. HB17SS Boaramen maunrtsi ,"y THE HOUSE HB1880 Commercial flaharlaa. HB30M Circuit a n"d dlatrict U?K"s78 School boundaries. HB173S run. Cigarettes Blamed For Hrt Trouble : Boston - (UPB - Cigarette smoking is one of the five major . apparent causes of heart trouble, according to a medical specialist. Or. Thomas R. Dawber told a meeting of the National Heart Institute Monday there is "increasing evidence that cigarette smoking is related to the development of coron ary thrombosis and to death from coronary heart disease." Dr. Dawber, chief of the institute's Framingham heart disease study, listed the other four major causes aa choles terol, overweight, blood pres- sure and insufficient physical exercise. iiwisimhiiiii iwmi nsmnm iiiiiiiii 1961 Standard Indiana ........... Standard N. J Sun Minea Texaa Co Texas Gulf Sulfur ... .... Texaa Pac Land Truat .... Thlokol . Traniamerlca Trana World Air ........... Trl-Contlnenta ., Union Carbida .......... Union Pacific . United Aircraft United Air Llnee ........ U. S. Rubber 44 PROSPECTS FOR STOCK SPLITS stock market and cur rent business activity Two 120,000 portfolios one for Income Ike ether for growth ponsi-bililies Some Predict Session To Run Info Wednesday Salem - (WD - The 4961 Oregon Legislature pressed hard for final adjournment late today, in spite of a crush of legislation that still requir ed action. .. - Some members in both houses predicted the session will run into Wednesday. To day was the 121st day. The longest was 128 days in 1957. Halls and chamber of the capitol building buzzed as short tempered legislators wangled over compromises and sought short-cuts to get must bills through. Committees Meet Bjima iun Hnzn t O i tl t House-Senate conference com mittees held huddled sessions at everv snare moment to iron out last-minute differences on matters ranging from taxes to relative responsibility. Normal procedures were often suspended In both hous es to expedite final clearance tor bills that would otherwise take aeveral days to pass. - Calls of the House and Sen ate were frequent to bring lawmakers back to the floor for close votes on controver sial bills. In the rush of compromise, nv.llhnnH mu the final tally would show some large meas ures junked and some surpris ing bins sneaxing oy oeiorei th 0-bvaI aounded adjourn ment for good for the harried lawmakers. Other Highlights lariaa-Tha Senate nassed and sent to the governor bills providing substantial pay hikes for state employees, administrators, and higher ed ucation teachers. A 39.7 mil lion hishar education build ing program also went to the governor. Reapportionment - A senate-approved plan to' ask the vntaira in anlarse the leslslt- ture was shipped to its ap parent death in the House State and Federal Affairs com mittee. ' Beardman - A bill to let the Navy move to a bombing range next to Boardman in dustrial park Instead of to Lake county went to the gov , i Minerals - The Senate ap proved and sent to the gov ernor a measure allowing the State Land Board to lease flnlitmhii rlverbottom for mining, particularly of black sana v containing large quan titles of iron ore. Tlmkaa The Senate an proved a timber tax bill for small woodlot owners. The new taxing system, applying in nrwratnra of 1.Q00 acres or less, is designed to encourage small operators to Keep irees in maturity. Tne Dili weni back to the House. Liauor - The Senate ap proved a measure allowing SI tn 2 veir olds to aDDlv for and obtain free state ID cards to be used when pur chasing liquor. Dvfiamlfa) That Senate arj- proved a bill requiring buy- res of dynamite to sign a res- latur anrl the) aeller. when feasible, to Jot down the car license number of the buyer. Idea is to help auinoriues hunt burglars who blow safes. Woman's Condition Said Improved Rogue Valley hospital at tendants said today that the condition of a SB-year-old Medford woman who Sunday fell but of a moving vehicle has improved. She was report ed In critical condition yester day. Injured is Mrs. Wilms Mac- Kenxle Peabody, 922 Murray st. Police said Mrs. Peabody was a passenger in a pickup truck operated by her hus band Wallace Raymond Pea body, 57. Peabody told police that he was making a left-hand turn from Elm onto Eighth st. when the truck door came open causing his wife to fall to the pavement. He estimated his speed at tha time of the accident at about 20 miles per hour. William Tugman Has Heart Attack North Bend - (WD - William M. Tugman, former publisher of the Port Umpqua Courier at Reedsport and representa tive In this area for Rep. Ed win R. Durno (R-Ore.), was reported In fair condition to day after suffering recur rence of heart ailment early Saturday. . , Tugman was being treated at Kelser hospital here. He was not being allowed visit ors. He Is a former editor of the 'Contingency Plans' for Any Emergency Given Approval Oslo, Norway - IVPS - Secre tary of State Dean. Rusk has approved a proposal callpg for preparation of "contin gency plans" for any Berlin emergency, it was announced today. A spokesman for the cur rent NATO ministerial con- Birch Society Probe Requested Washlngton-AITD-The House Rules Committee called a hearing today on whether Congress should Investigate the John Birch Society. Rep. Edgar W. Hlestand (R Calif.), a member of the group, said he would urge ap proval of his resolution to as sign such an inquiry to a special House committee. - - "I Introduced the resolution in response to public de mand," said Hiestand. "I've had worlds of mail. Many writers say the society should be investigated. Others say charges against the society should be investigated. I say let's clear the air. We have nothing to hide." The Birch group is actively anti-Communist. Its critics say its approach and methods are extreme. One of the society's recent projects has been to seek impeachment of Chief Justice Earl Warren. Hiestand, one of two House members who have said they are members of the society, contends critics of ihe society are misinformed. He believes an investigation would estab lish this. Regional. Edition Medford MEDFORD, OREGON, Upstate Cities Plan Fast Time Salem-OIFD-Representatlves of Chamber of Commerce of nine Willamette Valley cities voted informally to ask busi nesses to open an hour earlier, but a big Salem department store indicated it would remain on standard time schedule unless there, was unanimity. The Issue was brought which has been adopted by area, affecting 43 per cent of the state's population. Legisla tive action allowed this. Springfield, Lebanon, Newberg, McMinnville, Salem, Corvallis, Albany and Cottage Grove met to discuss the situation. They indicated they would prefer the legislature to allow the entire state to go on daylight time, but this seemed unlikely because the 1961 session was about through with Us business. - Gerald Frank, manager of tha Meter & Frank store here, said the store would remain on standard time "unless there is a unanimous changing of hours by all retailers in the Valley." He said this appeared unlikely. A spokesman from Eugene said about 95 per cent of merchants answering a poll Shepard's Flight 12 Miles Further Than Was Scheduled Washington-WPO-Space offi cials describe Astronaut Alan B. Shepard Jr.'s flight last Friday aboard "Freedom 7" as "nearly perfect." In what respects was it less than perfect? For one thing, the Mercury man - In - space cabin flew 302 miles down the Atlantic missile range In stead of the planned 290 miles. That means the Redstone booster engine ran a split sec ond longer than scheduled, adding 12 miles to the flight distance. For another, a light that should have glowed when the retrorockets were jettisoned toward the end of the trip didn't come on when it should. No Actual Trouble Shepard found this worri some but not for long. Through his periscope and cabin win dows he saw pieces of strap flying past which indicated the rockets had separated. To be on the safe side, he operated manual controls over riding the automatic system which jetlsons the retrorock COMPETITIVE PRICES PLUS QUALITY The R. A. Holmes Agency SINCE 1909 Mxtittl Csnfr Bldg. Phon SP2-44-i ference said the "contingency plans" would bo worked out by the United States, Britain, France and West Germany. The American move came In response to a, proposal by Norway's Foreign Minister Halvard Lange that the four nations "consider whether their contingency plans for the Berlin problem are ade quate to the present and fore seeable situation." Lange raised the question at today's session of the 15- Hatfield Aide Declared Lobbyist Salem-flJFD-A House Repub lican lashed out at Gov. Mark Hatfield Monday for sending his aides to, lobby "right here in the chamber." Rep. George Layman (R Newberg) declared a Hatfield assistant was "buttonholding legislators" on the floor Just prior to a vote on a bill re lating to liquor establish ments. ' ! The measure would let the courts grant 60 day orders permitting, liquor establish ments to stay open while lic ense suspensions were investi gated. : Layman said the aide was urglngi legislators to recall the bill, which passed the House last week. He made it clear he was referring to Special Assistant Warne Nunn. It spite of his protest, the House voted 36-23 to bring back the bill. Page 2A Tribune TUESDAY, MAY 9, 1961 , about by daylight saving time Portland and the surrounding said they favored early hours. ets. The light then came on. The rockets had, in fact, cut loose before, and there was no actual trouble. Most things went even bet ter than predicted. Shepard told a news conference Mon day that the liftoff from the pad was smoother than he had anticipated. Noise and vibration were not as great as expected. He said it was "a very pleasant liftoff." Changes Recommended Moreover, "the bird ... re acted very well" to stresses during powered flight that turned out not to be as rough as thought. And there was "no rough transition" for the pilot between periods of heavy gravity forces and weightless ness. Shepard said he had rec ommended some changes In the system as a result of the flight. He did not say what they were. But he said they ' were minor and very few In number" and would cause no delay In the remainder of the Mercury program. iiteptmlr AGENT V,",Jy",,, nation NATO council meeting in the face of mounting anx iety among alliance members that a new Berlin crisis may be near. Rusk told the opening ses sion Monday that the United States is prepared .to resist any Soviet encroachment on the Western position in Ber lin. What he agreed to today was to refine and bring -up to Portland May Get Aluminum Plant Portland - (Dill - The Port of Portland said today the Howe Sound Co. of New York is actively interested in locating a $25 million aluminum plant In the River Gate industrial area at the confluence of the Willamette and Columbia rivers. . The Port Commission ap proved an offer of a 230-acre site to the company, subject to assurances of early and full development of .the' tract. The Port gave a price of $2,000 per acre, below the maximum specified by the company. . The company asked for a channel to be dredged in the Columbia river and 1,200 feet of waterfront. Mainline rail connections were being negotiated by the Union Pacific and Spokane, Portland and Seattle Rail ways. Highway Bonds for Wasco County Voted Salem (DPD The Senate late Monday approved 25-3 and sent to Gov. Mark Hat- ileld a bill- authorizing the Highway Commission to issue $4 million In bonds for work on route 197 in Wasco county. 98 DICALCIUM PHOSPHATE M69 695 METRECAL POWDER 83c COLGATE TOOTH PASTE p Lovell's Old Fahiond Coats and Clark 'aK 4-oz. rzl ENGLISH CANDIES KNITTING X " 0 Vltlif' In Isautiful Tie Gift lex WORSTED S Sk'n' 9'"ni fh 'PAY LESS A-fH laft,: airis TEBHB' ff balls H rafflADRE8SES ra m BACKET HW 3frP 11 CUSHION Ifciz. IJJl Coast Guard lf J I V low udt Via I fffirft V -a Valuo Hill tT.97 m g 3T jpa 249S fRrr) 5"7" x&l pay 1 Qtf is) sjf it kjj f METAL M t HEATING PAD ipq Jig Q A M ii KILLER m WWt Mrtal Oak totki V .' " '' - W?L 1 TiXUMIT 2 R'' flTli " PeiitW. I i VJI RIGHTS " l nn QIC lt-ss V-A V - H..t, tdCLx-ff riserved iiMiiiM;:w.i.i;iw;yft:mi;iivMiJ Berlin by Rusk date plans to put that action into operation effectively. The Western powers earlier agreed to turn down a Soviet proposal for direct negotia tions between West Germany and Moscow on the German and Berlin problems. The Berlin -issue has loom ed large since the conference opened Monday. It was In jected into today's discussions of the over-all international situation. The NATO allies are united on a firm stand in Berlin For our double page ad in tomorrow's Mail Tribune announcing our HUGE 53rd Anniversary Sale (Starts Thursday, May 11) BIG PINES LBR. CO. Corner 6th fir Fir Streets GIFTS aiid CARDS .ti "The Store of a Thousand Thoughtful Gifts" , Vi pounds mam PRESCRIPTIONS ARE OUR MOST IMPORTANT BUSINESSI SP 3-7474 4 89 59 I Eugene Register-Guard.