Federal fin
ditors Studying Books Of
Hanna's Riddle Plant
Subcommittee's
Hearing Hailed
Until Nov. 8
Washington -IUPH- Federal
auditors moved today to fol
low up a Senate stockpile in
vestigation of former Treasury
Secretary George M. Humph
rey's nickel sales to the gov
ernment. Sen. Stuart Symington (D
Mo.) Wednesday recessed his
subcommittee's long inquiry
into Humphrey's mining ope--'
ations until Nov. 8, two days
after the congressional elections.
It squelched the possibility
of another explosive meeting
between Symington and the
Eisenhower administration of
ficial unless the ex-cabinel
member requests a return
match.
Gavelled To Clota
In their last meeting, Sy
mington abruptly gavelled the
hearing to a close while
Humphrey, 73, was on the
witness stand, amid a flurry
of partisan charges and coun
ter charges.
Four General Services Ad
ministration auditors were
scrutinizing the books of the
M. A. Hanna Nickel Mining
Co. at Riddle, Ore.
Under study and target of
the Senate hearings were the
profits that the company made
in selling more than $70 mil
lion worth of nickel to the
strategic stockpile under a
1852 contract between the
Hanna firm and the govern
ment. Claimed Excessive
The subcommittee contends
the profits were excessive,
amounting to 57 per cent on
sales of about 100 million
pounds of nickel, Robert B.
Brown, head of the GSA audit
division, testified Wednesday
that GSA accountants so fir
has uncovered $789,534 worth
of capital improvements "im
properly" charged off to the
government as expenses.
Brown said the audit of the
Hanna books would continue.
Son Questioned
Earlier in the day the sub
committee questioned Humph
rey's son, Gilbert W. Humph
rey, 4(1, board chairman of the
M. A. Hanna Co, and its sub
sidiaries, with headquarters In
Cleveland, Ohio. The father is
'honorary board chairman.
The younger Humphrey In
sisted that Manna's profits on
its nickel sales to the national
stockpile were fair and rea
sonable. He said the government was
urgently in need of nickel dur
ing a critical period of the
Korean War, and his company
supplied it.
Kennedy Signs Trade Bill
Washington -lUPIi-Prcsident Kennedy today signed into law his top priority trade bill
arming him with vast new powers to cut tariffs and provide cash payments to American
workers who lose jobs because of the legislation.
Enactment of the measure was considered Kennedy's most impressive congressional
victory since he entered the White House two years ago.
Congress delegated the unprecedented powers to the President for use in bargaining
with foreign countries for freer access to their markets for American products.
The historic new Trade Expansion Act is a vast rewrite of the 28-ycar-old Reciprocal
Trade Act, which expired June 30. The new law gives the President more tariff-cutting
power than any Congress ever has delegated to the executive branch.
It gives Kennedy all the vast power he said he needed to open up the European Com
mon Market to American exports. He called it the most important legislation before
Congress this year.
The President is empowered, for five years, to sign new trade pacts binding the United
Stales to make part, or all, of the tariff reductions authorized by the new law.
Under the new law any American who loses his job 30 days from today, or thereafter,
will be entitled to collect 52 weeks of unemployment compensation with payments rang
ing as high as about $61 a week, if the Tariff Commission determines that imports were to
blame. For workers being retrained for new jobs the payments could run for 78 weeks.
Stock List Continues To Ho
in Recent Narrow Price Range
Now York - IUPH - Stocks
failed to break out of their
recent narrow price range to
day.
Chemicals were irregularly
lower with Du Pont off near
ly 1 Vi and United Carbon
down roughly a point. Ailc-gheny-Ludlum
dropped close
to 1 after cutting the price on
its stainless steel. Youngslown
Sheet gained nearly a point
in an otherwise easy steel
section.
Autos firmed but oils were
easier. Electronics were ir
regularly higher.
DOW JONES AVERAGES
Now York - Uil'l) - Dow
Jones final slock averages:
30 industrials 588.14, up
0.96; 20 railroads 118.00, up
1.27; 15 utilities 121.33, up
1.03. and 65 slocks 205.83,
up 1.05. Sales Wednesday
were about 304 million
shares compared with 2.34
million shares Tuesday.
Wednesday's prlcci on selected
stocks:
Allied Chemical
Alum Co Am
Amcricun Air Llnca ...
American Can
American Motors
A T i T .
American Tobacco
Aniiconda Copper
Annuo .
Hendlx Corp
Hethlehent Steel
Boeing Air
Hruiibwick
Caterpillar Corp
.. r4
.. lit?
,. -i.t
Mi-
..IIIII'm
.. .iH'j
.. ;ih'
.- -Hl-'n
.. TiO'b
.. an,
.. an
HP,
Chrysler Corp
Coca Cola
CDS
Columbia Can
Continental Can ...
Crown Zcllcrbach .
Crucible Steel
Curtus Wrijjht
Dow Chemical
Du Ponl
Eanlnian Kodak
Firestone
Ford
General Electric
General Ko,i:s
General Motor
Georgia Facilic
G rev hound
Gulf Oil
IfomcHtake
Idaho Power
I.H.M
Inl Paper
Johns Manvillc
Kcnnccott Copper ..
Lockheed Aircraft
Martin
Merck .
Montana Power
Nntioiuil Biscuit
New York Central ..
Northern Pacilic ....
Pac Gas Elcc
Penney J. C
Penn nil .
Pcrma Cement
Phillip
Procter Sc. Gamble
Radio Corp
Richfield Oil
Safeway ,
Santa fe
Scars
Shell Oil .:
Socony Mobil Oil
Southern Co
Sperry Rand
Standard California ...
Standard Indiana
Standard N.J
-Stokely Van Camp
Sun Mines
Texas Co
Texas Gulf Sulfur
Texas Pac Land Trust .
Thioko
Trans America
Trans World Air
Tri-Conlincntal
Union Carbide
Union Pacific
United Aircraft
United Airlines
U. S. PI v wood
U. S. Rubber
U. S. Steel
West Bank Corp
WcMtinjfhouse
. 43' 4
. 37
. 30-'
ft I Hi
A7-2
32 3,5
17
16'
28?
Foreign
nets
RUSSIA TO MODERNIZE SIBERIAN TOWNS
Moscow-. U'lu-The Soviet Union will build or modernize
nearly 100 towns in Siberia within the next 20 years because
of the developing chemical, mining and engineering indus
tries there, the news agency Tass said today.
NEW ENVOY TO BULGARIA PRESENTS CREDENTIALS
Vienna-tLI'li-The Bulgarian news agency reported from
Sofia that Mrs. Eugenie Moore Anderson presented her cre
dentials to Premier Anton Yugov Wednesday as the new
U.S. ambassador to Bulgaria.
Kennedy Back on
Campaign Trail
For Four Days
Washington -WD- President
Kennedy headed back to the
campaign trail today at the
same tempo that carried him
to the White House two years
ago.
The Chief Executive was
geared for four days of in
tensive electioneering In New
York, New Jersey, Pennsyl
vania, Indiana and Kentucky.
The President got a jump
on his campaigning Wednes
day night when he helicopter
ed to nearby Baltimore to ad
dress a political rally. He told
more than 4,000 persons that
the Democratic 87th Congress
had accomplished much but
that voters had to elect more
legislators "who believe in
progress."
It was a theme that he has
stressed this year and will
continue to stress during the
campaign.
After his arrival in New
York, Kennedy planned to go
directly to the Carlyle hotel.
There were no appearances on
his schedule today but the
White House said he would
have several unannounced ap
pointments, presumably of a
political nature.
New York Democrats are
waging an uphill fight to un
seal Gov. Nelson Rockefeller
and Sen. Jacob K. Javits.
Neither Robert Morgenthau,
former U.S. attorney who is
opposing Rockefeller, nor at
torney James B. Donovan,
who is battling Javits, is given
much chance of success.
What Democrats are hoping
is that Morgenthau can make
the race close enough to di
minish Rockefeller's chance of
receiving the GOP presiden
tial nomination in 1964.
Canadian Lumber Said Superior
To Grades Sold by Western Mills
Washington - (UPll - United
States lumber wholesalers,
opposing restrictions on im
portation of Canadian lum
ber, handed the Tariff Com
mission Wednesday the old
question of which came first,
the chicken or the egg.
Witnesses repre s e n t i n g
U.S. East Coast lumber dis
tributors told a Tariff Com
mission hearing that Can
adian sales had risen because
of a decline in the quality and
reliability of U. S. Western
lumber.
The U. S. softwood lumber
industry contends the indus
try has declined because im
ports have risen.
Earlier two big Canadian
lumber companies were ac
cused, in effect of restraining
trade, which would be illegal
in the United States.
Bertram M. Hoffmeister,
president of the Council of
Forest Industries of British
Columbia, called the accusa
tions "a lot of nonsense." The
subject was dropped after the
Tariff Commission told lum
ber industry attorneys to
back up their charges with
proof.
The Importers had seven
witnesses, six representing
importer groups and East
Coast distributing firms. The
latter said his firm might
have to go out of business be
cause of high cost and low
quality lumber if imports of
Canadian lumber were re
stricted. The ' importers generally
gave the same reasons for
buying a higher proportion
of Canadian than U.S. soft
wood lumber, especially lum
ber to be transported by wa
ter. They said:
-Canadian lumber Is of
higher and more consistent
quality. David Schine, vice
president of City Lumber Co.,
of Bridgeport, Conn., said this
was because of the diminish
ed supply of virgin timber in
the United States.
Regional Edition
Medford
Page 2A
Tribune
MEDFORD, OREGON, THURSDAY, OCTOBER 11, 1962
-Water shipments of Can
adian lumber are more de
pendable, and deliveries mora
convenient.
-Canadian prices are more
stable so that wholesaler!
can plan ahead.
-Canadians are better
salesmen.
SHIP IT LASME
to or from Oakland, San Fran
cisco, Los Angeles and other
California points.
r-s
fa 773-7761
Subscribers
To report improper or non
delivery of the Mail Tribune in
Med ford, phone 772-6141; Ash
land call nt 418 Bridge St., or
phone 482-3002; Montague and
Yrcka, phone 842-2403, belore
6:45 p.m. daily and 10:30 a.m.
Sunday.
If regular delivery arrives
shortly after you call please
notify office, thus eliminating
special messenger service.
Hunter Charged
With Manslaughter
Salem - IUPH - A Salem deer
hunter was arrested by Mari
on County sheriff's officers
here Wednesday on a charge
of manslaughter.
Oren Phillips, 52. was tnkeii
into custody on the charge
in connection with the fatal
shooting of David McAllister,
60, Silvcrlon, while they
were hunting near Burns
Sept. '29.
Phillips was rclraM'd on
$3,500 bond.
lie was indicted by the
Harney county grand jury at
Burns last week. Hartley
County Di.sl. Ally. Irving Al
len said he will be arraigned
at Burns next Monday.
Water Superintendent
To Attend Meeting
Med ford Water Superin
tendent Robert L. I.ee plan
ned to leave Mcdford this aft
ernoon lo attend a meeting of
the directors of the Pacific
Northwest Section of (he
American Water Works asso
ciation In Portland Friday
and Saturday.
Lee is chairman of the Ore
gon Water Works Advance
ment committee and is a mem
ber of the program commit
tee of the Pacific Northwest
section of the association
While in Portland, Lee will
visit two pipe companies to
observe manufacturing proce
dures on 24 . inch feeder
main pipe.
THE
DANMOORE
HOTEL
1217 SW. Morrison Si.
PORTLAND, OREGON
All transient guests. All those who
come, return. Rites not high, not
low. Free (jrige, TV's and radios
Reputation for cleanliness.
Children Under
Sevan No Charge
We'll pay yn
INK jus! (or Irving i(
Save iwnways! A I normal retail prices
new Tatml Sie" liiniiikk costs less
per ounce than the icjinlar
Me, AiUi lo this the .U)e leluiul w
mail you lor timn "I amiK Sic''
ll.si.iuick ami iu l.ae a teal .atnj:.
To yet our .Ulc cash return!, scml
Ihc bo top iVoin a "l aimly Size"
Btsquick packaye together wih your
name aiul aikliess to lieneral Mills,
llox INO, Minneapolis dt), Minnesota.
Oiler expiies November )0,
l imit one lo a t'auiib .
Hisqmck is (he perfect mix lot pan
cakes, walllcs. biscuits, shortcake aiul
doens of oilier pood things, ivk up
the new ,l4-lb. package UhI.u aiul
haul lor our .HV relund!
!, L- . ft
V
how 8is?mrK niwis in ihbi I sits
'to
ii3s& '
o o
strflTil TV'ffl in
O O I
SUPER MARKET
LIMIT RIGHTS RESERVED - FREE DELIVERY.
LOCAL
JONATHAN
APPLES
40 - 298
TV box CM
CABBAGE
C
lb. 5
YELLOW
ONIONS
c
lb.
mi
mm
LARGE EATING
ORANGES
V " ' Jk
Dozen....
59c
POTATO
No. 2 KLAMATH FALLS
50 s. Eos
COTTAGE
MAYONNAISE
Quart
M.J.B. COFFEE
K53e 2 .b $l05
BLUE BONNET
MARGARINE
ib.
25c 4-b.93c
DEL MONTE
DILL HALVES
22-Oz.
E
S
of
OCCIDENT FLOUR
25 $179
FABER'S
PEANUT BUTTER
20-
Oi.
49c 3$119
CADIZ
SALAD OLIVES
8-OZ.
ALL PURE MILK
9o, 100
14-Oz.
SUNSHINE
KRISPY
CRACKERS
2 box SSC
HONOLULU LADY
PINEAPPLE
JUICE
46-Oz.
4 $100
LUMBERJACK
SYRUP
22-Oi.
3 w Sl00
Spare Ribs
v" linht Loan SlriAt
1 1 1 r
NEBERGALL'S
SWIFT'S PREMIUM
BACON
lb.
Sausage Rolls
Ham and Beef
or Pure Pork
Mb.
Rolls
00
NEBERGALL'S
WIENERS
0 Ik DL HOI
Cottage Cheese
Pint
1W
OREGON CHIEF
PICNICS
Pound
39(
220 Ej;s Pine St. "A Good Place To Trade" Central Point