Russia Hikes Food Prices;
Says Move Caused by U.S.
Moscow (UPD The Soviet
government raised the prices
of meat, butter and milk in
Russia today because of short
ages. It blamed the United
States for the move.
An announcement from the
Communist party, which can
trols the government, set the
increase on meal at an aver
age 30 per cent, and 25 per
cent on butter. The increase
in milk prices was not speci
fied. The notice was published in
this morning's nwspapers and
broadcast over Moscow Radio.
It sent housewives scurrying
to stores to stock up on the
scarce items.
The price boosts are aimed
at stimulating the lagging pro
duction on collective and state
farms, the announcement said.
Premier Nikita S. Khru
shchev admitted at a party I
central committee meeting in
March that farm output goals
for 1961 were far from ful
filled. He cited widespread de
ficiencies in grain, meat and
dairy products, and warned
that the farm failures were
endangering the seven-year
development plan.
Moscow Radio said this
morning that more money is
needed to stimulate farm pro
duction, and that state funds
cannot be diverted from heavy
industry and defense expendi
tures. It blamed American-led
"international reaction" for
the need to maintain defense
development.
"The government considers
it necessary to talk frankly
about the difficulties which
arise in supplying the cities
with meat, the party an
nouncement said. "It is easy
to see that the difficulties in
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question were created by our
fast economic growth."
Incurs Losses
The party said that in or
der to cut down the losses In
curred by the state "while
selling meat, meat products
and butter to the population.'
retail prices have been in
creased 31 per cent on beef,
34 per cent on mutton, 19 per
cent on pork, 31 per cent on
sausage products, and 25 per
cent on butter.
In explaining the action,
Moscow Radio said "the So
viet people eat and dress bet
ter every year. Nevertheless,
the level of production of live
stock is still insufficient."
The broadcast said the So
viet government had spent
many millions of rubles to im
prove agriculture, but added
that "in order to interest the
collective farms materially in
increasing livestock produce,
there must be an increase in
government purchasing prices
lor meat and butter.
Requires Funds
"B u t this requires enor
mous funds," it said. 'These
funds cannot be sought at the
expense of defense potentials
or industry.
"International reaction, with
the U.S.A. in the lead, is
now conducting a frenzied
drive for armaments and is
hatching plans for surprise nu
clear and missile attacks on
the U.S.S.R. and other social
ist countries."
Man Fired Over
Esfes Case Appeals
Washington-IUPU-William E.
Morris, fired last month from
the Agriculture Department
job in connection with the Bil
lie Sol Estcs case, has appeal
ed his dismissal to the Civil
Service Commission.
Morris was one of several
Agriculture Department em
ployees figuring in charges
that Estcs gave gifts to federal
officials. Morris has served as
assistant to former Assistant
Secretary James T. Ralph,
who was demoted from that
post last February after policy
disputes not connected with
the Estes case. Ralph was
later fired when It was learn
ed he had charged telephone
calls to Estcs' credit card.
A Civil Service Commission
spokesman said Morris' ap
peal was received Tuesday.
The spokesman said Morris
next will be given an oppor
tunity to review his file and
to decide whether he wants a
formal hearing in connection
with the appeal.
Reaction Hints
Adolf Eichmann
Deserved Fate
By United Press International
Early reaction to the ex
ecution of Adolf Eichmann in
dicated general belief today
that the former SS officer
who played a leading role in
the Nazi extermination of
Jews deserved his fate.
Authorities in Argentina,
the country from which Eich
man was kidnaped by Jewish
agents in 1960, anticipated a
hostile reaction, but there
were no immediate reports of
trouble.
Anti - Semitic attacks on
synagogues and other Jewish
institutions had been reported
in half a dozen Argentine
cities in the past week, and
police posted special guards
at the Israeli Embassy and
other Jewish centers today.
Fair and Just
West Germany received the
news of the execution calmly.
Government sources in Bonn
said they were satisfied that
Eichmann had had a fair trial
and that his sentence was
"just."
Individual Germans said
"Good riddance!!" or "He had
it coming."
Eichmann's widow, who is
in West Germany, could not
be reached for comment. A
government spokesman said,
however, that she had not
asked President Heinrich
Luebke to intervene in her
husband's behalf.
The hanged man's three
sons, who live in Argentina,
maintained to the end that
their father was merely a cog
in the Nazi machine whose
only offense was obedience to
orders.
Believe in Guili
Recent polls in West Ger
many indicated that nearly
two-thirds of its people be
lieve Eichmann should be
punished for his offenses - 34
per cent that he should be
hanged and 29 per cent that
he should be imprisoned for
life.
Newspapers in Japan front
paged the news of Eichmann's
execution but did not com
ment editorially.
GIRL CHANGES MIND
Madison, Wis. - (tPPIl - Fresh
man coed Marcy Silber exer
cised her woman's perogative
and got Into trouble. Miss Sil
ber got her arm caught in the
letter slot ot a mailbox when
she changed her mind about
some letters she deposited. It
look firemen 15 njinutcs to
free her. Then she had to con
vince postal inspectors she
was not trying to tamper with
the mail.
Wall Streeters Preparing
To Wind Up Hectic Week
New York-OIPll-Wall Street
ers prepared today to wind
up one of the most frenzied
weeks of trading in the stock
market's history.
Two days of rising prices
wiped out the $20.8 billion in
paper losses suffered in Mon
day's selloff. A tolal of 10,
710,000 shares were traded
during Thursday's session.
Closing prices, available at
6:25 p.m. (EDT) nearly two
hours after the market closed,
showed the averages up again.
Dow Jones' 30 industrial
stocks stood at S13.36, up
9.40 points on the day. Stand
ard and Poor's index of 500
stocks was 59.63 up 1.55.
On the basis of Standard
and Poor's indexes, the gain
Stocks Easier as
Trading Continues
New York - (CPU - Slocks
were easier during the first
today in continued heavy
trading.
Electronics and steels fea
tured the downside while
some chemicals and foods re
covered slightly.
American Telephone fell
more than 2 but Du Pont and
Eastman Kodak added at least
1 apiece. U.S. Sleel, Johns
Manville, Union Carbide and
Jones & McLaughlin shed a
point or more.
Polaroid leaturcd the down
side with a loss of more than
8, followed by Motorola, Na
tional Cash, National Lead,
Zenith, IBM, United Carbon,
Kellogg, Litton and Ffiden
down at least 2 each.
Sunshine Biscuit, Houston
Lighting, Newmnnt Mining
Forboro, Max Factor, and
Beckman rose 1 or more.
Thursday's prices on
slocks:
Allied Chemical ...
Alum Co Am .
American Air Lines
American Can
American Motors
AT&T.
American Tobacco
Anaconda Copper
Armco
Bcndix Corp
Bethlehem Steel
Boeing Air
Brunswick
Chrysler Corp
Coca Cola
C BS. .
Continental Can
Crown Zellerbach
Crucible Steel
Curtiss Wrisht (xdi
Dow Chemical
Du Pont
Eastman Kodak
Firestone
Ford .
General Electric
flenerni Fnrd
General Motors
GenrRia Pacific
Greyhound
Gulf Oil
HomestHke
ldnho Power
I 11 M
Int Paner
Johns Manville
Kennecott Copper
Lockheed Aircraft
Martin Co
Merck
Montana Power
Nal'l Biscuit -
New York Central
Northern Pacific
Pac Gas Electric
Penney. J. C
Penn RR .
Perma Cement
Phillips
Procter St Gamble
... 41',
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... IB
... 43'.
... 14i
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.... 34 .,
... 43'.
.... .14-',
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... 37 '.a
... 43
... 2'a
... 44 '.
... 84
... 3.1 'i
... 40',,
... 45
... l.-v,
... '
... 50 '
.211',
... B6'i
... 38',
... as
... 6.1'i
... 14',
... 51
... 43-li,
.. 2(1 ' i
... 37
... 49
... 21)'.
...392',
... 29',
... 49",
.. 72',
... 42',
... 21 ',
... 73'.
... 32',
.. 38
... 13",
... 36',
... 30 'i
.... 43'i
... 13
... 15''.
.... 411'..
... 72',
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Hodges Speaker
At Dedication
Priest Rapids, Wash. - IUPD -Secretary
of Commerce Lu
ther Hodges will be the main
speaker at dedication ceremo
nies Saturday of the $8 mil
lion Priest Rapids dams on
the Columbia river.
The dam, one of two in the
Priest Rapids project being
built by the Grant County
Public Utility District, was fi
nanced through sale of a 49
year $166 million revenue
bond issue purchased by a
syndicate of more than 200
bond underwriters.
Construction began in 1956
by Merritt-Chapman and
Scott, New York, and all 10
generalors went into produc
tion in 1961.
The second dam in the proj
ect, Wanapum, is under con
struction 18 miles upstream
from Priest Rapids. Comple
tion is scheduled for late
1964.
Twelve public and private
Northwest electric utilities
signed power contracts witli
the PUD in May of 1956 for
purchase of a percentage of
power from Priest Rapids,
and for an option for the
same percentage from" Wana
pum. The purchasers also agreed
to be responsible for the same
percentage of the annual cost
of the dam. Under the con
tracts, Oregon, Idaho and
Montana receive 35 per cent,
Washington utilities 28.5 per
cent and the PUD 36.5 per
cent. The dam will have a
788.500 kilowatt initial in
stalled capacity.
in paper values was just over
$8.1 billion Thursday. Stocks
on the "Big Board" gained
about $13.5 billion Tuesday.
Total gain for the two days
was $21.6 billion, wiping out
Monday's loss of $20.8 billion.
Moil Issues Advance
Issues traded totaled almost
as many as in Tuesday's trad
ing, 1,357 against 1,399. Ad
vances were recorded for
1,071 issues, 190 declined and
96 were unchanged. Only six
of the issues reached new
1962 highs.
Thursday's volume had
been surpassed only four
times in the history of the
New York Stock Exchange.
Three of those days were dur
ing the bleak month of Octo
ber in 1929 and the fourth
was last Tuesday.
Monday, Tuesday and
Thursday of this week were
second only to Oct. 28-29-30 of
1929 in volume. In the earlier
year 36,349,000 shares
changed hands during the
three days. This week the to
tal was 34,810,000.
From Montgomery Street
in San Franc, sco, LaSalle
Street in Chicago and in the
American Exchange across
trinity Churchyard at Han
over Place, the story wis ilk'
same Thursday. Continued
high volume and higher
prices. ;
Orders To Members
In anticipation of another
heavy day of trading today,
the exchange board of gover
nors took the unusual step of
telling member organizations
to have representatives on
the trading floor Saturday
although there will be no
trading to clear up the loose
ends left by the "short" week
of hectic trading.
Member organizations were
told to have at least one floor
member and an "adequate
number" of telephone clerks
on the trading floor from 9:30
a.m. (EDT), to at least 12:30
p.m. Similar orders went to
specialists units.
Stock Exchange member
organizations outside New
York were told to staff wire
connections and have their of
fices staffed. New York firms
were told to pass along the
orders to their out-of-town
correspondents.
IWm SPRED 56.79 ,
1 SPRED LUSTRE SEMI-GLOSS ENAMEL $Q JPQ
rj Second Gallon FREE .. O.JO
Listing Lumber Barge
Will Be Unloaded
Astoria - (UPII - The Coast
Guard said today a listing
barge carrying $90,000 worth
of lumber probably will have
to be beached for unloading.
The crippled barge, towed
by the tug Restless, was
docked here Thursday night
after a bulkhead on the barge
broke, causing it to take
water.
Coast Guard patrol boats
stood by. The barge was
bound from here to Coos Bay.
Regional Edition Page 2A
MedfordWTribune
MEDFORD, OREGON. FRIDAY. JUNE 1, 1962
Foreign Briefs
I UN TO TEST COMBAT EFFECTIVENESS
Seoul, Korea-itriUThe United Nations command announced
Thursday it will begin a week-long training exercise desig
nated "counter-thrust" Saturday to measure the combat effec
tiveness of UN forces against a possible communist attack
from North Korea.
WORKERS BURIED UNDER DEBRIS
Orbassano, Ilaly-iUI'luAn explosion today tore down a
wing of a chemical plant, burying 18 workers under a mass
of rubble. There were six known dead, eight injured and four
missing, rescue officials said.
WARRANT ISSUED FOR SNOWDEN'S KIN
London-4l'l-An arrest warrant was issued today for An
tony Armstrong-Jones' half-brother. Lord Axmantown.
Magistrate Leo Gradwell issued the warrant after the 25-year-old
peer failed to appear in court on a charge of being
in charge of automobile while drunk.
Armstrong Jones, now Lord Snowdown and Princess
Margaret's husband, and Oxmanlwon had the same mother,
the Countess of Rosse. but different fathers.
ta UTILITY WHITE Reg. 2.98
RED CHINA LODGES PROTEST
Tokyo-iru-Communist China has lodge! a protest with
lha Indian government "against its confiscation ol news
bulletins published by the Chinese embassy in India," the
official New China news agency reported today.
PAKISTAN SIGNS PEACE CORPS PACT
Karachi-Jtri'-The Pakistan government announced Thurs
day it has signed an agreement with U.S. officials on con
cessions and privileges tor peace corps members.
The announcement did not disclose any details, but there
are 57 peace corps members In Pakistan now and another
134 are due in October.
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