Medford mail tribune. (Medford, Or.) 1909-1989, August 23, 1962, Image 2

Historic Oregon Newspapers

Medford mail tribune., August 23, 1962, Image 2

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Newspaper Page Textennecly Oovers Wide Bange of Topics at News Conference Electronics, Lead in Firm, Active Stock Market; IBM Continues Higher New York-ttlPD-Electronlca took the lead In a firm and active stock market today. IBM, Wednesday's paceset ter, added another point fol lowed by Motorola, Zenith, Schlumberger and Fairchild Camera, up at least 1 apiece. Steels, autos and oils firmed while Du Pont tacked on about 1V4 in a mostly higher chemical sector. The company recently received a basic patent covering produc tion of a major plastic. Some aircrafts, tobaccos, fi nance shares and rails also moved higher. Boeing, Corning Class, Lig ett & Myers, U.S. Gypsum, Xerox, Philip Morris, Polar oid, Swingllne, Financial Fed eration, Foxboro and Wilson Jones managed to rise 1 or more. Tennessee Corp. added about 1 despite lower earnings. Twentieth C e n t u r y-Fox dropped about 1 Vi after omit ting its 2 per cent stock di vidend and reporting a $12.5 million loss for the first half of the year. DOW JONES AVERAGES New York-dPIWDow Jones final stock averages: 30 in dustrials 615.54, up 6.90; 20 railroads 123.47, up 1.14; IS utilities 120.91. up 0.38 and 65 stocks 212.84. up 1.89. Sales Wednesday were about 4.52 million shares compared with 3.73 million shares Tuesday. Wednesday's prices on selected slocks: Amerlmk 114!, American Tobscco ........ 32 Anaconda Copper 42'i A"mfn . 49. Bendlx Corp - 34 'i Chrysler Corp 37 Coca Cola 884 CB S 38',, Columbia Gas 26 ConUnental Can . 43 s Crown Zellerbach 41 Crucible Steel Curtlss Wright 19". Dow Chemical 48 'j Du Pont lflfl Eastern Kodak 10OJi Firestone 3H. Ford 43 General Electric 69 li General Motors 52 'i Georgia Pacific 38',, Greyhound 29 Gulf Oil . 33', Homestake 51 '., Idaho Power 20. IBM 409 Int Paper 27 Johns Manvltle 42'i Kennecott Copper 71 'j Lockheed Aircraft 31 Martin 23', Merck 66 ' Montana Power 32'i Montgomery Ward 27 i National Biscuit 38!, Northern Pacific 34 Pac Gas Elec 29s, Pennev. J. C 423, Penn RR lHi Perma Cement .. 13 Procter and Gamble . 70 Radio Corporation ...... 48'', Richfield Oil - 38J Bafewav 36 , Santa F. li't Sear. - 74 ' J Socony Mobil Oil 31",', Southern Co 30 Standard California 38 Standard Indiana 441, Standard N. J 32", Stokely Van Camp 22 Sun Mines 11 Texas Co . 33", Texas Gulf Sulfur 13, Texas Pac Land Trust 18'', Thlokol - .. 30',, Trans America . 40', Trans World Air B'i Trl Continental 40', Union Carbide 93 V, Union Pacific 30',, United Aircraft 30 United Airlines 31 " U.S. Plywood 42'i U.S. Rubber . 42?, U.S. Sleel 44',, Wot Bank Corp 32 Weatlnghouse 29',, Foreign Briefs BUENOS AIRES NEWSPAPERS RESUME Buenos Aires-IUPU-THe newspapers La Naclon, Clarln and EI Mundo resumed publication today, ending a week's sus pension resulting from a ,abor dispute. The four newspapers iaid off about 2,000 printers a week ago because they had been staging hour-long nuisance strikes. The printers returned to work Wednesday afternoon, vowing that they would continue their harassing tactics. ITALIAN SOCIALIST LEADER IMPROVES Aosta, Italy lUPIISoclaliit party leader Pietro Nenni, de clared out of danger from a heart attack which followed a fall during a vacation, returned to Rome by train today. He suffered the attack Aug. 16 when he slipped from a rock Into a stream. YUGOSLAVIA TO SET UP TANGANYIKA EMBASSY Dar Es Salaam, Tanganyika-UIPD-Yugoslav Charge D'Af- falres Sava Obradovlo arrived Wednesday to establish an embassy here. Other Communist nations represented here include China, Russia and Poland. TO SPEAK - L. W. James, a nationally - known expert on real estate, will speak at the Board of Realtors meeting Friday noon at the Rogue Val ley Country club. James' topic will be "Securing Listings at a Realistic Price." He has been asked to speak before more than 500 leading real estate organizations, including con ventions, real estate boards and multiple-listing groups. A native of Illinois, James is a graduate of the University of Illinois and has headed his own Los Angeles sales office since 1940. J-le has lectured in more than 53 major cities dur ing the last three years. Easy ' TERMS As Low At $1.25 per week on Any Purchase SPECIAL THIS WEEK! AT DUNHAM'S at the Big Y Open Every Sunday 10 a.m. to 4 p.m. We Gladly Cash Payroll Checks PRICES GOOD THRU SUNDAY ONLY NO OTHER LIKE IT! UDICO ELECTRIC Can Opener 1995 With Knife C Sharpener w FOR LIMITED TIME ONLY Inspect' Our Complete Hardware Line -and SAVE ;Vv Pay Only 1 - . e( fiHl : I ,-' Interior Flat Wall g hAany Otn 1 . LATEX PAINT terTtS A'B J ; In 12 decorstor colon. rZ 1 , .-,4 ll -V mm Covtrl .xc.ptionsHy wsll 1 Reduce" " , . t . .,: v 1Jfl- ". f p- 4 -u.uaVOUt 1 ply. us. brush or rolUr. rtrow3 I : ,. i i Fingerprints .silly ramov- - Basket Type U -3-Lb. Dacron Sleeping Bag Lr9. pi.sHc : : T. M Du Pont non-sllsraic. wsinsbl. I A I I KJ H D V E 3T I Op 11 - , Dscron filling. Wst.r rasiitsnt 1 LMUlTUM r cover. Detschsbl. hesd flap. M n i (1 CT ":"' s Carriers fH f,ffiC-s T 7 'i,bm"""i p' dadikci IRec Aiia VetheV?. m.k.'.'dou" Jl Choi., ol Color. n5 5949 iXL 69c 1 in M TOOLCRAFT r SSlsrTVSH,r-T."-,,-- ' Ssl fflsjj',- 1 nit, Ef Wild Hindis 1 SJ Reg. NOW 1 m 89c TO CLOSE 4" JOINTER j lJ 49C Complete With G-E Motor li "frf Regular H $99.95 m fJr-Hj M To Close ....$74.86 Bl HI Easy Terms, $1.25 Per Week FISHING TACKLE 1H SALE! m Choose from Entire Stock 20 Discount 1 Baits, lures, Rods, Nets, etc. Need for Negro Envoys, Nuclear Subs Discussed Washington -IUPD- The tre mendous topical range of a presidential news conference, from Negro diplomats to U.S. nuclear submarines at the North Pole, was demonstrated vividly Wednesday in Presi dent Kennedy's meeting with reporters. It was the Chief Executive's 40th such conference in Wash ington since taking office with 365 persons in attendance, plus a few privileged tourists who brought along their kids for a look at history in the raw. Handled 33 Questions Meeting with correspon dents for the first time in three weeks, the President in 30 minutes handled 33 ques tions on 21 different subjects. He was on live television and radio and his comments flood ed across the nation Instan taneously. As such conferences go, there was little earth-shaking about Wednesday's presiden tial treatment of the ques tions. But there were points of unusual Interest or im portance: -His disclosure that two U.S. nuclear submarines, the Skate and the Sea Dragon, had completed a rendezvous under the polar Ice cap and surfaced together through a small opening in the ice at the North Pole. Issued Priority List -A five - point legislative priority list for Congress next week. Kennedy has expressed similar preferences before, but Congress has not always followed his wishes. His com ments on the legislative situa tion demonstrated one of his principal reasons in holding frequent news conferences -to push his legislative program. -His "go get 'em" attitude toward the Senate stockpile investigation and his broad rejection of the complaints of former Treasury Secretary George M. Humphrey. The President thought Humphrey's firm during the Eisenhower administration made "ex tremely large profits with very little risk to the com pany." Furthermore, Kennedy ioresaw similar disclosures about other companies and thought "the Congress ought to do its job." His statement that any body claiming that the United States is not behind Russia in space exploration is mislead ing the American people. Ken nedy pointed out that this country's space program start ed late and still runs behind the Soviet effort, particularly in long-range boosters. The President thought, however, America would be ahead be fore this decade is over. Discounted Moral Issues -He thought there was no : moral issue involved when a ! country accepts aid from the i United States and still does j business with Communist bloc j countries. Giving American aid to other nations must, he i said, depend on "what serves j our interest, whether the country is pursuing policies which are not inimical to the long-range interests of the ; United States." -Kennedy said the United States had no information on i Russian troops entering Cuba, I as reported by exile groups, but it is known that Soviet , ships arc bringing large num bers of Communist tech nicians and supplies to Cuba. -At present, it is not known j whether Soviet Premier Nik lla Khrushchev will come to the United Nations session in New York this fall, but if he ; conies the President hopes to talk with him. -The President agreed there should be more Negro Ambas sadors representing this coun try abroad. Of America's pres ent 97 envoys, only two are Negro. This, a reporter point ed out, ws the same ratio under the Eisenhower admin istration. "I quite agree we have to do better," Kennedy said. ITS INC. L Lrf AT THE V5 BIG Y v J PLINTY FREE Young Republicans Plan Meeting The Jackson County Young Republican club will meet at 7:110 p.m. Friday, Aug. 24. at the home of Mr. and Mrs. C. L. Hopkins. 3773 Old Military rd. The group is open to per sons between the ages of 18 and 40 years. Its purpose is to further the Republican cause In the November election. The Friday meeting will in clude swimming, Informal dis cussion, and a program to in form prospective members ot the purpose and plans of the group, according to Dr. A. L. Clay, membership chairman. Washington Net increase of resident aliens In the U.S. during 1955 was 207,000. Soblen Lawyers Subpoena Documents Exchanged Between U.S. and Britain London HIPD Lawyers for Soviet spy Dr. Robert Soblen said today they have served a subpoena requiring British Home Secretary Henry Brooke to produce correspon dence between the United States and Britain on the case. Government lawyers, how ever, produced a certificate claiming "crown privilege" which would permit Brooke to Ignore the request to pro duce the documents. The cer tificate was signed Foreign Secretary Lord Home. Soblen's chief attorney, F. Elwyn Jones, argued before Britain's high court that "be cause of requisitions by the United States government," Britain was, in effect, trying to extradite Soblen to the United States where he faces life imprisonment for war time espionage for the Soviet Union. Espionage is not an extra ditable offense in Britain. The subpoena requiring the government to produce the correspondence was served on a representative of the treasury in court. Jones made his statement Regional Edition MEDFORDf Page 2-A Tribune MEDFORD, OREGON, THURSDAY, AUGUST 23, 1982 on the subpoena during the second day of arguments in Soblen's effort to stop his deportation to the United States. Soblen, who says he has leukemia, was in court, watching unsmilingly as Jones argued against the deporta tion order. The serving of the subpoe na closed the presentation of Soblen's case. Atty. Gen. Sir John Hob son opened the government's case by telling the court there was medical evidence that Soblen's leukemia was "in re mission." Soblen has said that if he is returned to face his life sen tence in the United States he will in effect be condemned to die in prison. He claims that he would die within six months. Hobson said Soblen's blood cancer has not become worse. Soblen, 61, who Wednes day entered court leaning on attendants and staggered out of the court room three times during the hearing, today managed to walk in unaided. Yankton was South Dakota territory's capital until 1883. Far Fist, Efficient S.rvits Ship It LASME ro or from Osklsnd. Ssn Francisco, Los Angtlts and Oth.r Cilifornia Points ' Call Jack Flttg.rald 773-7761 o o o SUPER MARKET 000 LIMIT RIGHTS RESERVED - FREE DELIVERY APPLES Gravenstein EO'ib CANTALOUPE 10-M $100 TOMATOES 2 1 29c CABBAGE mmm rant slsiid 4nanm .unm'iisa .tin'B-.io iHssB" IHHBl IBB IliS BBil nana, sin ana lanuKr nan ,. aBBi, es inn saaar can its jHcsst ,BBEann tana nan BaaaFinfiaiit inner uaa nttv sr. issntr 'tsnr nnv Sunt, inn .siflRt, oDiti,, aRBss.isa iBisr tsai ussifr sonants S3 itsm! iuhui;::). siiiUSBSK iss; ibst,sb:iiIi an aicscx mni.au; ikkuani Sua 'OHM fBBBD SBBUP iKif sm -nP -?irgy MAYONNAISE 5 c PEPSI COLA 6 Pack 4 IDll plus Isttv Deposit COTTAGE QUART 39 MARSHMALLOWS Doumak Miniature 5-.$l00 23 Each POTATO CHIPS Nalley's Regular 69c Pork V Beans Van Camps 3-lb 4-ox. 39 59' CRACKERS Sunshine Hi-Ho Mb 35c BABY BEEF SALE! Gexber's STRAINED 20 for $1.00 JUNIOR 10 for $1.00 MEATS 8 for $1.00 MIXED FRUIT $1100 Cal Rose No. 2y2 Tin 4 for U CHUCK ROAST 59c ,b PINEAPPLE Round Bona or 7-Bon. Pine Isle Sliced No. 2 Can STEAKS Round Sirloin Rib 79c T-BONE Small, Tandar 89c ib ROASTS Rump or Sirloin Tip QQ Bon.l.w, Watt Frto OVC Ib. GROUND BEEF Fr.ih Lain 39c ib. -Mm As". 4 for $00 4-H PORK PORK CHOPS LT.Vn". 79c PORK ROASTS ,.. 39c PORK SHANKS dX'.'T 25c PORK STEAKS W Ib. 49c PORK LIVER ir" 29c 4-H, FFA BEEF and LAMB AVAILABLE NEXT WEEK Order Early for Special Cuts 350 East Pine St. "A Good Place To Trade" Central Point