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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 26, 1962)
Communists Angry, Rest of World Fairly Calm Over Nuclear Testing Market Reacts To Steel Indictments . New York -IUPD- New of a federal grand jury indictment 6i four steel companies for price fixing sent stocks into a tailspin today. ' The market, which had been Inching forward when news of the indictment reached Wall Street, sold off sharply in the final hour. The Dow Jones industrial stock average has slipped nearly 15 points since the Wednesday opening. The steel selloff spread ciuickly to other sections of the list, notably the electron ics. IBM last about 13, Beck- man S and Burroughs, 3. DOW JONES AVERAGES New York - OIPII - Dow Jones final stock averagen 30 industrials 678.68. off 5.01; 20 railroads 140.28, off 0.70; 15 utilities 129.33, off 0.82, and 65 slocks 234.50. off 1.56. Sales today were about 3.65 million shires compared with 3.34 million shares Wednesday. Today's prices on selected stocks: Allied cnemicai ..... Alum Co Am American Air Lines 2 American Can 4 A ...arlun Mnlnri t AT&T 127 'i American Tobacco 81 ' Anaconda CODDer 44i Armco . S74l Bendix Corp . nn'j Bethlehem Steel 38'S Boeing Air ; 4i Brunswick . .14 'i Caterpillar Corp 37U Chrysler Corp SI'i Cora Cola .. B. "is CBS 39i Continental Can 43i Crown Zellerbach S3 Crucible Steel IS Curtis Wright 17 Dow Chemical 34 '4 Eastman Kodak H0i Firestone 4V'i ford fli General Electric 74 U General Food SB General Motors 34 M i MOTHER'S DAY CARDS FOR SUNDAY, MAY 13 When you care enough to send the very beat Cuinm'e 217 F Main OWcm S Medford Georgia Pacific . . Greyhound Culf Oil Homestake Idaho Power I B.M Int Paper Johns Manville . . Kennecntt Copper Lockheed Aircraft Martin Co Merck ... Montana Power Montgomery Ward Nat'l Biscuit New York Central Northern Pacific . Pac Gas Elcc Penney. J. C Penn RR Perms Cement Phillips Procter & Gamble Radio Corporation Richfield Oil Safeway Sears Shell Oil Socony Mobil Oil Southern Co Southern Pacific . Sperry Rand Standard California .. Standard Indiana Standard N. J Sun Mines Texaa Co. . Texas Gulf Sulfur Texas Pacific Land Trust Thioko Trans America o Trans World Air II 1 Tri'Continentnl 4R? Union Carbide 107 .10', 28', 41 "s 43', 33', 4DB'i .i:i, si ', . 77 43', 22'. S.I', 38', 34 fin1, Iff', 38',, 33', . 4H'a ISHs . 1.1', . 14', . R2n . .171, 30 . 40', 84 . .W" .15 14', . 21' a ID', . .10 ', .II1, 51 . 8', .15'. . Ill's in 32'i By United Press International. The world outside the Com munist bloc reacted today with a minimum of anger to U.S. resumption of atomic tests in the Pacific. The Russians accused the Americans of bringing man kind to "the abyss of nuclear war" with the new tests. And the official Communist New China News Agency said the tests "herald a new phase in U.S. nuclear arms expansion." But much of the rest of the world took the new testing calmly, with little violence, few demonstrations and re strained comment. There were angry words from nations in the Commu nist sphere, firm approval from the Western Allies, and mild disapproval from the neutral and so-called non aligned nations. There was an official pro test from the government of Japan, the only nation which has suffered the devasattion the biggest planned rally. Strong police forces guard ed the U.S. Embassy com pound in Tokyo and American consulate offices in other Japanese cities against any possible trouble from ban-the-bomb demonstrators. Soviet deleRate Valerian of an atomic bombing in war Zorin told the 17-nation Dis union Pacific United Air Lines U.S. Plywood U.S. Rubber . . U.S. Steel West Bank Corp . Westinshouse Youngstown . . . 32'. 31 'v 471, .11 . .18 'i 30'; 34 81'. Happy Camp Man Dies of Injuries Yreka - Raymond Conrad, 25, Happy Camp, who was in jured in an automobile acci dent Tuesday morning, died in the Siskiyou General hospital Wednesday afternoon, accord ing to the California Highway patrol. With Conrad at the time of the accident was Harold Pe ters, also Happy Camp, who was released from the hos pital yesterday. The accident occurred on the Klamath Riv er rd. about eight miles east of Happy Camp. Peters told officers that he could not re member who was driving the vehicle. Patrolmen said that vehicle missed a curve in the road, crossed a ditch and hit I a tree. Kennedy May Move Father To Clinic Palm Beach, Fla.-IUPD- Pres ident Kennedy today reviewed medical reports and plans for moving his ailing father to a New York rehabilitation clinic. As the Chief Executive's Florida spring holiday neared a close, he was described as heartened by doctors who told him his father, former Ambassador Joseph P. Ken nedy, had made sufficient progress since suffering a par alytic stroke to be moved within the next few days to New York. The President is scheduled to fly back to Washington Fri day afternoon to greet British Prime Minister Harold Mao- millan as he arrives lor ween end consultation on a coordi nated Allied approach to fu ture negotiations with Russia. and which is opposed to test ing by anyone. Student Protests Are Mild But expected demonstra tions by extreme left - wing Japanese srtidents in Tokyo failed to materialize in the size that had been anticipated. There were a few desultory demonstrations there and in other Japanese cities directed armament Conference in Ge neva that the United States is "challenging the whole world" with Its explosion of a nuclear device over the Pacific Wednesday. "The United States has thrown away its mask," he said. "The United States is unleasing a fresh arms race, and is bringing the world at the U.S. Embassy and con-1 nearer to the abyss of nuclear sulates. But rain dampened war." Rogue Valley Edition Page 2A MedfordMTribune MEDFOTiD, OREGON', THURSDAY, APRIL 26. 1B02 Foreign Briefs But American chief dele-1 most regret and deepest re- gate Arthur H. Dean said the United States was forced to resume testing "with the ut- AFL-CIO To Act On Race Discrimination Washington -UPIW The AFL CIO was expected today to ask its 133 affiliated unions to adopt "plans for progress" programs to wipe out racial discrimination in labor's ranks. The program, which al ready has AFL-CIO President George Meany's support, was schcluled to be considered by the federation's executive council at a two-day session here. It was worked out by the AFL-CIO Civil Rights Com mittee and President Ken nedy's committee on Equal Employment Opportunity un der the leadership of Vice President Lyndon B. Johnson. The aim is to have each union make a new pledge to end any discrimination that may exist in its membership or bargaining practices. luctance because of con tinued Russian resistance to a reasonable test ban treaty with international controls. Newspaper comment in Britain, West Germany, Den mark, Holland and Italy gen erally backed the U.S. re sumption of testing, as did the press in South Korea, South Viet Nam and Formosa - all strongly pro-American lands. The Phillippine government supported resumption of the tests and said that as long as Russia continues to resist a fool proof treaty, "the United States cannot expose itself and its allies to the hazards of unchallenged Soviet su premacy in nuclear weapons." Western observers in Mos cow said it was possible that a so-called "spontaneous dem onstration" against the U.S. tests might be staged at the American Embassy in the So viet capital. The Moscow ra dio and Soviet press already were whipping up ar.ti-Amer-i ican sen.iment. i The Soviet denunciatiopr , were mingled with threats i and attempts to blame Wash-1 ington for failure of efforts to work out a nuclear test ban treaty. The official Soviet news agency Tass said President Kennedy's offer to call off the tests if the Soviets signed a cheat-proof treaty "proved to be the biggest lie of all the false assurances ever made by anyone in the West." The Russians already had theratened to stage a new se ries of nuclear tests if the United Stales resumed testing in the air. Soviet Foreign Min ister Andrei Gromyko told the Supreme Soviet (parlia ment) this week that the testJ would include "new" Russian weapons. The Soviets made no refer ence to the series of Russian nuclear tests last fall in vio lation of the voluntary mora torium honored for three HURRYI HURRYI Hubbard Bros. BIG SALE Ends Sat., April 28 years by tne unuea oiaies and Britain. In Japan, the government and the three major political parties joined in denouncing the tests and demanded again tha. they be h ted. TOPS IN QUALITY! LOW IN PRICE BRITAIN REDUCES BANK RATE ONE-HALF PER CENT London - Wll - Britain reduced the bank rate from 5 to 4 la per cent today to check the inflow of speculative foreign funds and take up some slack in the home economy. TANKS RUMBLE THROUGH EAST BERLIN Berlin - HIPli - Red German tanks and halftracks appar ently rehearsing for the May Day parade, rumbled through East Berlin today in defiance of four-power agreements barring German forces from the city. HOUSES OF MANY PARTS New- York - (UPll - The Tile Council of America finds modern houses to be pretty complicated structures. It says the average home contains 3, 000 moving parts and is held together by approximately 40,000 nails. FOOD PROCESSORS New York - (IIPD - The num ber of firms processing food products has declined by more than 14 per cent since 1947, according to an Agriculture Department study. Mergers and technological changes have taken the biggest toll among the processors. LAOTIAN PRINCE HEADS FOR PARIS Florence, Italy - HJPli - "Neutralist" Laotian Prince Sou vanna Phouma left here by train Wednesday at the end of a private visit of several days. Souvanna headed for Paris, with his wife and son expected to follow. JORDAN WOULD AID ARABS IN ISRAEL Amman, Jordan - IUPII - King Hussein of Jordan said j Wednesday his country will act as a "springboard" In any action to restore Israel to the Arabs. He spoke here to a group of Arab refugees from southern Palestine. j SIDEWINDER BEING PRODUCED IN GERMANY Bonn - IUPII - European production of the U.S. Sidewinder missile has started, the West German Defense Ministry an nounced Wednesday. BRITISH GROUP PLANNING DOG CEMETERY London - lliPII - Britain's Anti-Vivisection Society today went ahead with plans for a five-acre dog cemetery. Wilfred Ritdon, 65, said the cemetery would accommo date dog victims of vivisection, as well as those which die of natural causes. But "fancy" burials for dogs are out, Risdon said. The cemetery will have simple metal plaques above the graves. Picard JEWELERS 108 EAST MAIN Next to Picks Apparel Gary Picard Friday April 27 -9 a.m. DOOR PRIZES GALORE (For Men and Women) GRAND PRIZE will be awarded one week after opening it will be given away the 4th of May. WINNER WILL BE ANNOUNCED ON RADIO AND IN NEWSPAPER. Nothing to buy to parties pate just register. 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