ennecly 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 '
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As Low At $1.25
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AT DUNHAM'S at the Big Y
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Baits, lures, Rods,
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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
$100
TOMATOES
2 1 29c
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MAYONNAISE
5 c
PEPSI COLA
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IDll plus
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COTTAGE
QUART
39
MARSHMALLOWS
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Miniature
5-.$l00 23
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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.
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No. 2 Can
STEAKS
Round Sirloin Rib
79c
T-BONE
Small, Tandar
89c ib
ROASTS
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Bon.l.w, Watt Frto OVC Ib.
GROUND BEEF
Fr.ih Lain 39c ib.
-Mm
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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
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AVAILABLE NEXT WEEK
Order Early for Special Cuts
350 East Pine St. "A Good Place To Trade" Central Point