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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 27, 1962)
Long-Awai Senate Investigation Hapco's End 0' June TV SALE! illie Un Sol Estes lay Stocks Irregularly Lower En Light Early Dealings Mom Vnrlf (1IPII - Stocks curved irregularly lower in relatively light early dealings today. Most of the plvotals edged lower. Steels were down frntinna In n nnlnt in YoungiS- town and Alcgheny-Ludlum anH rhpmlrnls showed a slmi- Inr trend. featurinB Du Pont off 1 and Kodak down a point. Oils and autos were small b m n 11 n t s lnwi where changed. Other heavyweight highlights were Owens-Illinois off Vi and Swift down 1. In the rails, Norfolk & Western dipped a point and a rnmnarable loss appeared in Houston Lighting among the utilities. Drugs showed People's Drug off 2V4 and TJiphnrrison-Merrell down 1. Motorola, Texas Instru ments and National Cash dip ped more than a point among the growth stocks but IBM recovered around 3. Most other groups were narrowly scrambled DOW JONES AVERAGES New York-IUPD-Dow Jones final stock avariages: 30 in dustrials 535.78, off 1.01; 20 railroads 116.05, up 0.09; 15 utiliiiet 103.33, up 0.28, and 65 stocks 187.41, off 0.04. Sales Tuesday ware about 4.36 million shares compared with 7.09 million shares Monday. Tuesday's prices on selected hocks: Alum Co Am American Air Lines .... American Can AT&T American Tobacco Anaconda Copper Uendix Corp Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chrysler Corp Corn Cola CBS. .. Continental Can Crown Zellerhucn Crucible Steel Curliss WrlRht Dow Chemical tu Pont T'tstman Kodak Firestone Ford ... 47', IB Ik 40 ij 100 .10 ',i ;im, sin. 314a 3F1J, 22!. 30 V, 40',i . 74 U',i . 31) . 42'.'t . 13 .. H" .. 40 !, ..1117 .. 87 'a .. 3H. .. 72 ! Regional Edition Medford MEDFORD, OREGON, WEDNESDAY, JUNE 27. 19(12 Foreign ITALY TO REDUCE SIZE OF BILLS Rome-lPI-Itnly will stop issuing its huge five by ton ten inch 10,000 lire banknotes and bring out a normal-sized bill, the Bank of Italy announced. The salmon-colored 10,000 lire notes, now worth about S16, have been found too difficult to stuff into purses. The new notes will be about the size of dollar bills. TANGANYIKA TO CHECK DISPATCHES Dar as Salaam, Tanganyika - ITU - Home Minister Oscar Kambona warned Tuesday that would lake "proper steps" if ed something not In the national interest "out of mischief. Kambona did not elaborate on the measures proposed or the standards by which dispatches would be judged. GERMANY FINDS CZECH CITIZEN GUILTY Karlsruhe, Germany-llTtl-Csech citizen Josef Borovicka, 28, was convicted of spying on NATO airfields Tuesday and sentenced to 3Vi years in prison. Borovicka also was found guilty of complicity in the attempted murder of a Czech exile politician. CREMATION FEDERATION TO APPEAL BAN Margate, England-IUPIi-The International Cremation fed eration announced Tuesday it will petition the ecumenical council of the Roman Catholic church to change its ban on cremation. Sir John Cameron, president of the British Cremation society, told 250 delegates here that he believed the ban was a measure on which the objections of the church could be overcome. The ecumenical council, which meots in October, "may not meet again in our lifetime, and if any change is to be made, it must be made now." Cameron said. confidentially We LOVE i i THE UNITED STATES General Electric 33'a General Food 00', General Motors 4fi Georgia Pacific 31r'ii Greyhound 22 Gulf Oil 34', Idaho Power 2)1-., IBM 320 Int Paper 25B, Johns Manvllle 423,, Kennecott Copper lifl Lockheed Aircraft 413i Merck 12 i Montana Power 30 A Montgomery Ward 2.V, Nal'l Biscuit 32', New York Central 11 U Northern Pacific 32 Pac Gas Elec 2(1 U Penney. J. C, 40 Penn RR 10?, Perma Cement 14 Phillips 44', Procter & Gamble SB1., Radio Corp 30 Safeway 40fi 1 s i I ' ON VACATION Sir Winston ' ,titr w ' a ' " hpui'tv. Is shown leaving his livdo Park Gate home in Lon don on, his way to Monte Cni lo where he plans to spend his annual vacation. The famed British statesman is 87. (UPI) Page 2-A Tribune the Tanganyika government foreign correspondents report Briefs NATIONAL BANK OF PQftTlAND Sears . Shell Oil Socony Mobil Oil Soul hern Co Southern Pacific Sperry Rand Standard California .. Standard Indiana - Standard N. J Sun Mines Texac Co Texas Gulf Sulfur Texas Pacific Land Trust . Thlokol Transamerlca Trans World Air Trl-Continental Union Carbide Union Pacific United Alrcral! United Airlines U. S. Plywood U S. Rubber . 30. . 38i . 23': . 13": . 52'., . 44 . 48'.', V . 4S . 12 1.V1 . 287', 40 H U S Steel West Bank Corp Wcstlnghouse 1 ft , ; t i.'j. ' i , i Churchill, looking hale and Jerry Lewis, Wife Robbed of Jewels New York - fUPlI - Thieves stole gems valued at $185,000 from the mkllown Manhattan hotel suite of entertainer Jerry Lewis Tuesday night while the comedian and his wife, Pattl, were out. 11 was the sixth large jewel theft from Manhattan hotels within the Inst two months. Police notified the FBI, on the theory the loot might be taken across state lines. About :t5 pieces of jewelry were stolen, the bulk of them belonging to Mrs. Lewis. The largest were a diamond neck lace and matching bracelet valued at $:t5.000. Last Friday, gems valued at $;i5,0()0 were stolen from 1 lie ninth floor suite of Mrs. 'Florence Adelson at the same hotel. Medford Girl Injured In Accident in City A lU-ycnr-old Medford girl nnrbiira Eileen Aeschliman il!!) Benson St., was taken to Rogue Valley hospital last week end after she was in Jilted when the car which she was driving struck narked car in front of ill jUnkota ave., according to city police. The parked vehicle wu: registered to Hell E. and liet :ty J. Davis, Cold Hill. Miss j Aeschliman was cited by po lice (or violation of basic 1 rule. to Loan! Buying or building a home? H your answer is " 'deed we are," see U. S. tor tailored home financing, customized to your family needs and income. II you now own a home, you may find it prolitjble to refinance through U. S. National. 1 Subcommittee's Coordinator on Witness Stand Washington - (UPD - Senate Investigators opened their long awaited investigation of the Billie Sol Estes case today by hearing a statement that it was "inconceivable" that government inefficiency alone enabled the Texan to amass thousands of acres of im proper cotton allotments. This assessment was given to the Senate investigations subcommittee by Paul E. Kamerick, the group's assist ant counsel and coordinator for the Washington phase of the committee's staff study of Estes' operations. Kamerick was the first wit ness. Agriculture Secretary Orville L. Freeman was scheduled to testify later in the day. Even as the politically ex plosive hearings got under way. Sens. Karl E. Mundt (R- S.D.) and Edmund Muskie (D-Maine) became involved in a dispute over the possible outcome. Muskie said he could not resist noting Mundl's opening comment that " 'We enter these hearings . . . with no prejudgments,' " and the sen ator's following statement that "It appears that we will find glaring examples of in decision, conflicting decisions, and duplications..." Something Amiss Mundt said he was sorry Muskie saw fit to "challenge" the remarks, and said he stood on both of them. He added that no one could fol low the staff inquiry without learning that something was amiss in the Agriculture De partment. "I did not challenge the statement; I simply read it," Muskie replied. Kamerick said inefficiency probably did play a part in the case. He said the sub committee might want to con sider proposing "a major re organization" of the Agricul ture Department and farm program which he said had been developed "piecemeal" fashion over the century of its existence. ' But Kamerick said that "a system which permits ineffi- ciency encourages dishonesty and some of the facts we have developed are hard to ex plain merely on the basis of inefficiency." Kamerick also made these points: -Undersecretary of Agricul ture Charles S. Murphy over rode an adverse personnel recommendation and directed the appointment of Estes to the newly official Agriculture Department Cotton Advisory Committee Dec. 22, 1961. That was the same day Murphy participated in a later - te scinded decision that Estes' 1961 cotton allotments should be cancelled. -Two of 11 internal audit groups operating in the de partment began independent investigations of Estes opera tions in mtil. Neither learned until early this year of the other's inquiry. The two in vestigations were never co ordinated. Will Probe Favoritism Kamerick testified after Chairman John L. McClelhm (D-Ark.) opened the inquiry with a pledge to try to nail down whether the government showed favoritism toward Estes. He said the subcom mittee also would look into the "efficiency and integrity" of agriculture employees who dealt with Estes. McClellan said the im portance of making sure that tlte department is operating efficiently and honestly was underscored by the fact that "through it during the current fiscal year approximately $7.1 billion was expended." The chairman noted that In mtil. 8.717.8 acres of cotlon allotments were transferred from one location to another throughout tiie 1'nited States. "Of this numher 60 per cent were transferred to two counties in Texas. Reeves and Pecos. Of the total transferred to these Iwo counties. 6(1 per cent accrued to the benefit of Billie Sol F.stes. The inequity is apparent. It is rather clear that something is wrong, that a breakdown of some type has occurred." BEAUTYARhTvED LATE Charleston. S C. - il PI' -Mari Ann Sullivan of New York arrived here Tuesday night for the National Press Photcgraphers' beauty pa geant, a day later than otht contestants because of tin' flicht engineers strike. Miss Sullivan is an airline stewardess. South Carolinans Elect Nixon Backer By United Press International A state legislator who led a "Democrats for Nixon-Lodge" drive during the 1960 elec tions defeated a former Ken neday campaign official Tues day in a Democratic congres sional primary in South Caro lina. State Rep. Albert W. Wat s o n, 40, defeated Frank Owens, 63, by about 1,000 votes in incomplete returns. Owens, trying for a poltical comeback, handled financial affairs for the Kennedy cam paign in South Carolina, which narrowly went for the President. Watson supported the Nixon-Lodge ticket in the state. Watson will meet former Democrat Floyd Spence in the November election for the congressional seat being va cated by the widow of Rep. John J. Riley, (D-S.C.) Mrs. Riley, who filled the unex pired term of her late hus band, did not seek reelection. Spence will run on the Re publican ticket. Voters in Idaho and North Dakota also selected congres Women with good taste know they can depend on McGuire's . . . fir rj r .'.V t n ft 1 v 1 V ... to assist them in carrying out their ovn ideas! (formerly 220 NORTH BARTLETT, next to Greyhound Phone 773-4394 PEN FRIDAYS 'Til 9:00 o O CS3 sional nominees in primaries Tuesday. Rep. Orval Hansen, 35, Ida ho Falls attorney, won the Republican nomination for Congress in Idaho's 2nd Dis trict from former Rep. John Sanborn, 76. Incumbent Sen. Milton Young gained an easy victory over a self-proclaimed "con servative" opponent in the North Dakota Republican pri mary. There were no Democratic party contests on a statewide level. SHIP IT LASME to or from Oakland, San Fran eisco, Los Angeles and other California points. 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