Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 21, 1962)
tates Fledge To Defend West Berlin usk Kenew negotiation With ssians Be Continued Berlin IUPD Secretary of State Bean Rusk promised here today the United States will honor Its pledge to defend West Berlin but said he would continue to try to negotiate a settlement of the Berlin dis pute with Russia Rusk made the statement during a 24 hour visit to West Berlin, during which he insoected the Communists an- tirefugee wall and predicted the barrier "will be broken eventually." "I should like to think that both peace and our vital Inter est can be sustained," the sec retary of state said in a speech at West Berlin City Hall "In a nuclear age this would mark a victory for rea son. Bearing this in mind I continue ready to explore fur ther with the Soviet Union whether a basis for negotia tions exists." Dereliction of Duty "To do less would be a dere liction of my duty to the American people and to the neoole of West Berlin," Rusk added. Rusk, making his first visit to Berlin since he tooK oince, said it was not unrealistic to be hopeful because "The Free World has resources which be come Increasingly evident in a time of trial." The secretary of atate cou pled his offer to negotiate with a new American pledge to defend West Berlin. "I assure you that you will have no cause to doubt our determination to honor our pledge to protect your free dom and to ensure your con tinued ties with the rest of the Free World," Rusk said. He quoted President Ken nedy as saying the fulfillment of the U.S. pledge to defend West Berlin "is essential to the morale and security o Western Germany, to the unity of Western Europe and to the faith of the entire Free World." On Way to Bonn Rusk flew to Berlin from Paris for the brief visit on his way to the West German capi tal of Bonn. Earlier Communist police opened fire with machine guns and machine pistols near the walled off Brand enburg gate - an area Rusk was scheduled to visit In his demonstration of U.S. support for West Berlin. They fired about 40 shots, apparently at persons trying to flee to West Berlin. In a Paris airport state ment, Rusk described his two days "enjoyable and produc tive." Rusk will fly to Bonn this evening for meetings with West German Chancel lor Konrad Adenauer and Foreign Minister Gerhard . Schroeder. Rus-k wound up his Paris talks without making a dent in de Gaulle's determination to build up an independent French nuclear striking force. Rusk made it clear that al though the United States must recognize French nu clear armament as a fact, it still objects to the "prolifera tion" of nuclear striking forc es in the world. No Hint of Sympathy Sources on both sides said Rusk and French officials cleared up some mis-understandings about each other's intentions but there was not even a hint that either side sympathized with the other's point of view. At one point Rusk asked whether France would co operate with the United States in nuclear strategic planning once the French nuclear force had been established. French Foreign Minister Maurice Cmive rie Murvillc, according to French rources, replied that the question de served "serious considera tion" but that the French nu clear force had not grown -ufficiently to make such .(ilks timely yet. NYvcrthelo-s, Rusk was ' ikipg with him assurances that France would fight along side the United States In case ' f attack aninrt NATO. iiiiini nn.inwm.sw !' .vm - - .efu in,ntymiwi . g "... i;'KP' vMi y . ... n ?r. LXl-., ij.jIDi ENTERS PRISON Wealthy former Team sters Union President Dave Beck, left, fol lows a United States marshall on his way to McNeil Island prison to begin serving a five- year term which he hopes will end with a parole in 20 months. Beck was found guilty of Income tax violation charges at Tacoma, Wash., three years ago. (UPI) Moderate Decline On Light Turnover Noted in Stocks New York-IUPO-Stocks went into s moderate decline on light turnover today. The hard hit glamor slocks paced the selloff with IBM down 6, Polaroid around 4, Xeroz 3, and Motorola, Litton, Texas Instruments and a few others down 2 or more. Blue chips including the leading steels, oils, chemicals and autos, were off fractions. An exception was General Foods which slipped W after announcing an instant coffee price cut. Celotcx was the brightest item. It showed a gnin ot 3-Vs to 23 on news Ruberoid Co. had offered to buy at least 350,000 of its shares at $25 a share. Ruberoid rose Vs. Quaker Oats and Avco were up large fractions. Standard N. J Texas Co. ... Texas Gulf Sulfur Texas Pacific Land Trust . Thlokol Transamcrlca Trans World Air Trl-Contlnental Union Carbide Union Pacific Uniled Aircraft united Airlines U. S. Plvwood U. S. Rubber U. S. Steel West Bank Corp Westinghouse DOW JONES AVERAGES New York - IUPII - Dow Jones final stock averages: JO industrials 563.08, off 8.53; 20 railroads 120.48, off 1.03; 15 utilities 108.09. off 1.24, and 65 Blocks 196.24, off 2.53. Sales Wednesday were about 3.36 million shares compared with 2.68 million shares Tuesday. . 33 "i . SI . lll'i 4!i 4l's 124 14'i 20 , 31', II 3H RH'a 231. 23 ij 42'j 42i 4S'4 2IP. Milo Mclver Elected To Board of PP&L Portland -iUPIl- Milo K. Mc lver, president of Commerce Investment Co., Portland, has been elected to the board of directors of Pacific Power & Light Co., Paul B. McKee, chairman of the board, said today. Mclver is a former chair man of the State Highway Commission. New York - IUPD - About 25,000 . super-markets in the United States account for 72 per cent of the nation's grocery sales, the Super Mar ket institute reports. ANTI-AMERICAN CAMPAIGN LAUNCHED! : Tokyo-IW-Communist North Viet Nam has launched a month-long anti-American campaign limed to end July 20, the eighth anniversary of the signing of the 1954 Indochina agreements in Geneva A broadcast from Hanoi by the Communist New China News agency Wednesday said there would be mass meetings and demonstrations in opposition to "U.S. armed aggression in South Viet Nam." Summer Makes Debut in Oregon By United Press International Summer came to Oregon at 1:24 p.m. PST today and the weather was seasonal, thank you. Temperatures were in the 80s in many parts of the slate Wednesday and the same was forecast for to day, Medford had 91 and The Dalles 89 Wednesday, No rain is In sight for at least several days. Wednesday's prices on selected slocks: Allied Chemical Alum Co Am American Air Lines ... American Can 41 American Motors 13s A T ft T 103 American Tobacco 32' t Anaconda Copper 4l)sB Armco 4R1.s Hcnnix Corp M Bethlehem Steel 33 'i Boetnx Air All's Hrunswlck H'n Caterpillar Corp 32 ' Coca Cola 77 't C. B. S 31 Continental Can .t.ib Crown Zellerbach Ill Crui-lhle Steel 14 Curtiss Wrtiiht l.Vi Dow Chemical 43', lu Pont 17H1, Eastman Kodak H!Ma Firestone ... 32 General Electric till General Food Rti'd General Motors 47', Geori-la Pacific 33 1, Grevhound 24 Gulf Oil 311 Hotucstnko S'j Idaho Power 2H'a I. a M 3211 Int Taper 27 ' Johns Slanvllle 42 1 4 Kcnnecott Copper 70 1 Lockheed Alrciall 43, Martin Co KM. Merck . tiu'4 Montana Power 321, Montgomery Ward 27', National Ul4cult 37 '4 New York Central I!, Northern Pacific 33 Pac Gas Elec 2M Pennev J. c 4.1 Peon flit II", Phillips 4.V, Procter fit Gamble 113 Radio Corp 42', Rirhflelri Oil 3.V, Sateway s ', Sc.-i-.-s ' , Shell Oil 32 Socony Mohll Oil 411 l. Southern Co 4:1 Southern Pacific 241, Sperrv Hnml 14 Standard California VI t, Standard Indiana . 4II1, Former Frogman Plans River Swim Orolino, Idaho -IIPP-A for mer Navy fromiKtn announc ed today he lias rescheduled the beginning of his planned swim from here to Astoria, Ore., for July 2. Spencer t'ampticll, 24, said the date w&s moved up from July 4 because the Snake riv er, which will ho a major share of his 557-mile swim, was dropping rapidly. lie hopes to ii'nke the dis tance in 28 driys and s;iid he will swim every inch tCtlie distance, Including the fish ladder of the Washington Wa ter Power Co. dam on tiie Clearwater river here and the navigation lock on Ice Harbor dam on the Snake. Washington - IUPD- Retired Army Gen. John Lesesne De Witt, responsible for evacuat ing Japanese nationals from the West Coast during World War II, died Wednesday. He was 82. A career soldier who was born on a Nebraska Army post, the general suffered a heart attack at his home here and died en route to the hos His career spanned cam-1 palgns in the Philippines in 1808 and 1899, two world wars and a tour of duty with the Army chief of staff. ARGENTINA COMMUNICATIONS SERIOUSLY CRIPPLED He retired in 1947. Buenos AiroB illlMi A slowdown staged by postal, tele- After the Pear Harbor at- graph and telephone workers who have not been paid since tack, DeWitt took over the April is seriously crippling communications in Argentina. Western Defense Command The communications workers have threatened to strike and was responsible for mobil unless their May wages delayed by the current Argentine ; izing forces on the West Coast economic crisis - are forthcoming soon. I and Alaska. GHANA PRESIDENT RELEASES OPPONENTS Accra, Ghana-ltPII-Presideni Kwame Nkrumah Wednes day released 150 imprisoned political opponents, including former presidential candidate Dr. J. B. Danquah. The mass release followed a similar release of 160 de tainees last month. AMERICAN ELECTED TO SOVIET ACADEMY Moscow-tTlAmerican artist Rockwell Kent has been elected an honorary member of the Soviet Academy of Arts, the news agency Tass reported Wednesday. GUATEMALA PRESIDENT URGES REFORM MEASURES Guatemala City-itil'luPresident Miguel Ydigoras Fuentes is pressing congress for action on reform measures linked with the U.S. Alliance lor Progress aid program, it was announced today. Opinions Varied But Answers Lacking Ac Stock Prices Continue To Decline New York -IUPD- Wall Street today Is a place where the opinion on what's wrong with the stock market are as varied Hatfield Calls For Arbitration In Labor Strike Salem - IUPD - Gov. Mark Hatfield today called for vol untary arbitration by labor and management to end the Iron Workers' strike. He said the "public interest must pre vail" and warned of a possible cut in state services. Hatfield noted this Is the fourth summer out of the past five in which the Oregon con struction industry has been hit by work stoppages, ana the present dispute is the sec ond one this summer. "Our economy cannot coun tenance such Interruption, Hatfield said. 'State budgets were built on certain expectations which will not be met if revenues are not forthcoming. The only alternative will be to cut serv ices which have been voted by the people's representatives in the legislature." Urged to Submit Strike The governor urged the dis puting parties to submit the Iron Workers' strike to the National Joint Appeals Board, 15 member group set up By both labor and management, for voluntary arbitration. Hatfield declared ' tne time has come" when both sides should publicly pledge they will adhere to the findings and recommendations." Hatfield added it's not lust the Oregon financial picture that is of foremost concern. Individual families face "fan tastic hardships when the chief and perhaps the only breadwinner is without work during the very season which permits outside activity ot a construction nature, he said. Retired Army General Dies as the statistics being gleaned from dusty record books. Everyone seemed to have the answers but no one, ap parently, was doing anything about it. Prices on the New York Stock Exchange continued to fall in quiet trading Wednes day with a relatively small volume of 3,360,000 shares. Stocks closed at levels close to the 1962 lows reached seven days ago and 76 issues regis tered new lows for the year. One of these was U.S. Steel, off $2.25 to $4.25. The loss ap parently was triggered by re ports the company might be forced to reduce its 75-cent quarterly dividend at its July directors meeting.. The Dow-Jones average of 30 industrial stocks closed ai 563.08, off .53 points and just above its 1962 low of 563.00. The exchange reported Wednesday the increase in the short interest position rose to 4,610,961 shares from 3,266, 873 on May 15. The increase for the month was the biggest since the exchange started Regional Edition Medford, 6 free drinks per carton RG Half Quarts SAME PRICE AS KING SIZE (wtfj drink in (wrvbotte SWITCH TO RC HALF QUARTS 6 OS SAVE! fFS t ! ............ -J$ it ilMMSKftlim t Wt 1 Page 2-A RIBUNE MEDFORD, OREGON, THURSDAY, JUNE 21, 1962 compiling short interest rec ords in 1931. Short interest occurs when a trader sells borrowed stock in hopes of buying it back later at a lower price and making a profit. There were different opin ions on the state of the econ omy coming from Washing ton, as well as Wall Street. Labor Secretary Arthur J. Goldberg Wednesday took ex ception to remarks by Ewan Clague, commissioner of labor statistics, who said a study of long-range economic trends would indicate a recession in 1963. Goldberg said this is not so, that he did not believe there would be a recession next year. Clague then Issued a state ment saying his comments were "informal" and should not have been interpreted as predicting a possible 1963 re cession. Opinions of Wall Street, too, seem to fluctuate like the temperature-humidity index. Ev erybody is playing the guess ing game, but no one seems to have the answer. ship it mm to or from Oakland, San Fran .ciico, Los Angeles and other California points. Call Jack Fitzgerald 773-7761 IST 0 0 0 o o o SUPER MARKET JF JAM W U.S. NO. 1 NEW LIMIT RIGHTS RESERVED - FREE DELIVERY GREEN ONIONS RADISHES AND BUNCH WHITE POTATOES LBS. Bill ICE r.iri-r-il BLOCKS or Blip CUBES 6 TOMATOES ALL METAL FROZEN FOOD LOCKERS GET YOURS NOWI 10-$12-14 a Year CORN DOZEN Ibs.a J 351 MHMHHMsMssliHIHHHHsHllMl B(S?K DOG and CAT FOOD 6 , 55s QSk Rfc , M.J.B. 6-oz. Instant 33 COFFEE lb. 49c 2 lbs. 97c 69c FABER'S MAYWOOD PITTED OLIVES 2, -69c WESTERN 3 CHILI . 5.-100 ' CLIFFCHAR Fla vor-Aid BRIQUETS 1069c Kt ff NABISCO THINS pkg. 1 SNACK CRACKERS J.-.00 EAT THE BEST FOR LESS! CHUCK STEAK I ft WASTE-FREE U.S.D.A. CHOICE ) USDA ( (CHOICE) BEEF SALE! ROUND STEAK Wonderful Flavor USDA Choice RIB STEAK Barbecue This One USDA Choice GROUND BEEF Taste the Difference USDA Choice Excess Fat Removed . POT ROAST - ii. q& f5,f5t 1 a 17 WIENERS V3 FISH SALE BONELESS SOLE FILLETS . . . . Ii si6 CHEESE )HILD CHB3DM Made in Central Point 350 East Pine St. "A Good Plac To Trade11 Central Point ,m o
