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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 19, 1962)
Slight Dip in Nation's Economy Early in 1963 Predicts Worst Oregon Storm Claims 18th Victim Portland UP0 Oregon lo- dav counted its 18th accident al death from last Friday's great windstorm while ome families prepared for another week end without power jna telephone service. Tim O'Sullivan, 35, a pa tient at Oregon State hospital died in a hospital here Thurs day from injuries suffered when struck by a falling tree during the storm. Seventeen other accidental deaths were counted earlier along with at least eight heart attack victims. Power and telephone crews continued to work at their best speed to restore servire A telephone company spokes man said Thursday night that all but 24,300 telephones had been restored to service with 14,600 of them out in the Portland area. Power firms asked residents where service had been re stored to turn on their porch lights to make it easier for crews to find isolated cases of outages. A heavy damage estimate , was made by the Oregon Fil bert commission. It said loss to orchards was figured at $30 to $40 million. Farmers were hard hit throughout western Orcton with the fruit and nut Indus try apparently suffering the most damage. The Red Cross estimated that 84 homes were destroyed, 5,262 damaged heavily and 46,672 damaged slightly by the storm in Oregon. At least 800 million board feet of federal timber valued al $16 million was blown down but the Forest Service said 85 per cent of it could be salvaged. Bureau of Land Management estimated 1,023, 000 board feet of timber was blown down on land it man ages. Today, a week after the edge of Typhoon Frieda dealt the worst weather blow in history to the western part of the state, the weather was cloudy with a few fog patches. Strongest coastal winds were forecast to be 6 to 12 miles per hour. Selling Spree Drops Market To Three Month Low IfSl IV Elect AL DUMAS (Republican) Stat Representative Background Ability Understanding "Do With Dumai" Pd. Pol. Adv. Wilson Smith 3135 Connell Ave, Medford New York -DPII- A double-1 CBS Darrenea veiling spice cusi the market more than any de cline since Sept. 26 today and sent the industrial average reeling toward the bottom of three-month trading range. About half the blue chips were clipped for a point or more and the selloff touched nearly every other type issue in the general list. Declines stretched from fractions to as much as half a dozen points in a few cases. Among the pivolals, Du Pont was down around 4, Chrysler Vi, and U. S. Steel, General Motors, Ford, Owens Illinois, American Telephone, United Aircraft, California Standard and Woolworth at least a point. DOW JONES AVERAGES New York UP1 Dow Jones final slock averages: 30 industrials 573.29. off 7.86; 20 railroads 116.17, off 0.73; 15 utilities 117.80. off 1.68, and 65 stocks 200.84, off 2.48. Sales today were about 4.65 million shares compared with 3.28 million shires Thursday, Today' prices on selected stocks: Allied Chemical 3B', Alum Co Am Wt'j American Air Lines Ill1 American Can American Motors !." ! AT&T 106 American Tobacco 2llt Anaconda Copper ati Benrilx Corp 4Hsji Bethlehem Steel 27 r Boeing Air .17 Brunawick I.Vi Caterpillar Corp :!! Chrysler Corp S.VS Coca cola 77 'a SYLVAN I A TV - RADIOS - STEREO - COLOR TV Best Deals in Town NO MONEY DOWN-$10 per month buys most sals. On approved credit. Every Part in Any SYLVANIA TV Guaranteed 1 FULL YEAR Several used TV's-YesI We trade any-thing-YesI We service what we sell Yesl Only SYLVANIA has Halo light. If you value your eyes see what Halo light is before you buy your next set. Special factory authorized deal on Syl vania 3-way combo, this monlh only. See this at DAVENPORT Sewing Machine & App. Shop 405 N. Central I Continental Can I Crown Ze Her bach Crucible Steel Curtisn Wright Dow Chemical Du Pnnl ... Firestone Ford General Electric General Foods Georgia Pacific Greyhound Gulf Oil . .. flomeitftke Idaho Power l.B.M In I Paper Johns Manville Kcnnccott copper Martin Merck Montana Juwer New York Central Northern Pacific Pnc Ghs Elec Penney J. C Penn JtFt . ... Pernia Cement Philips Procter & Gamble Radio Corp Richfield OH Safeway Santa F Sears . Shell Oil Socony Mobil Oil Southern Co Southern Pacific Sperry Rand Standard California Standard Indiana Standard N. J Sloklev Van Camp Sun Mines Texas Co. Texan Gulf Sulfur Texas Pae Land Trust . Thlokol Trans America Trans World Air Tri-Continental Union Carbide Union Pnciric United Aircraft United Airline U.S. Plywood U.S. Rubber U.S. Klecl Wen! Dank Corp WejdlnKhouae YouiiKfliuwn ... 33 ' ... 24 3 ... 42 ... 41 .. 12', ... 16'. ... 48'. ...200 J, ... 2i ' ... 41', ... 5-' .. 70', .. .t:t ... 2d 34 .. 4'j ..3411 la .. 24 .. 40 ' ... tiOJB ... ao-'y .. 5:,a .. .HI ' a .. 12 .. 30 .. ;8 .. 42 .. 10 .. 14 4P4 .. til's .. 47 -k .. .16 U .. .17 , .. 20'. ,. tin 'a . I'll", . .11 . 47'. 207ii 3S ' i 3.1 mi'; 2!'4 The first U.S. census, In 171)0, showed Virginia to be the most populous state, with 747,1(10 inhabitants. Portland Livestock Portland (UPDUSDA Week, ly livestocks; Cattle 2075. Mosllv choice -ulcers 27 75; mixed good-choice 27-27 50; mixed good-choice heifers 2fi; can-ner-cuttcr cows 10-14; cutter-ulil-lty hull Ifi-li)..l0 Calves 325. Good-chntce vealers 30() lbs. down 2-28: cull-utility 15 10; Rood-choice feeder steers 24-27. Dors 1200. U.S. I. 2 and 3 grade butchers largely 1R.1R.75; l and 2 SOWS 300-400 lb. 15-ltl 50 Sheep 1300, Mostly choice, prime RO-115 lb. wooled lambs 19-20 25; mostly choice shorn lambs with No, 2 to fall shorn pelt IB-19.30; mixed rull-gonri ewes 3.50-4. Portland Produce Poriland (UPli Dairy market: KgRhTo retailers: AA extra large 44-4e; AA large 41-47c; A large 4o-45c. A A medium 3li-40c; A medium 31 -34c: A A small 21 30c: cartons l-3c higher. Huttcr To retailers. AA and A prints l)7c; cartons tc higher, B print, tilic. t'becsr (medium cured i To re tailers: 4nj-47 'ic; processed Am erican 3-10 lb. loaf 43-4;c. Portland i U PI i Dressed chick ens No 1 grade dressed to re tnilers. Frvers. whole drawn. 31 3Hc lb. cut-up. 35-43c lb; hens, light Ivpe. whole drawn 21-:! Ih ; light tvpe hens, cot-up 23-34c lb; heavy bole .hi-3!c lb Business Council Consultants See $2 Billion Drop Hot Springs. Va. - IUPII - A "great majority" of the na tion's top business consultants predicted today that there would be a slight dip in the nation's economy in the first half of 1963. The prediction, which dif fered from that of government economists, was made public by Frederick R. Kappel, board chairman of American Tele phone and Telegraph Co., at the opening session of the Business Council. The council, made up of tile nation's top corporation officials, began a three-day work and play meeting here ;oday. Kappel said most of the council's 20 technical consult ants expect economic activity "to peak out by year-end and turn down in the first quarter of 1963." Administration officials ir Washington are forecasting ei ther continued small gains for the economy or a leveling off on a high plateau. Like the corporate econo mists, the government experts do not anticipate any substan tial pickup in the rate of eco nomic growth before the sec ond half of 1963. Kappel said the decline in the nation's business activity in the early part of next year is expected to be less than $2 billion. Government econo mists feel a dip of that size in a $560 billion economy is really no dip at all. Bom government and cor poration economists have a strong feel that the economy needs the stimulation, as quickly as possible, of across-the-board tax cut for individuals and corporations promised for next year by President Kennedy. As is cuslomary, newsmen were barred from the coun cil's meeting. But, in an un precedented step, Kappel made available a synopsis of his presentation before he fin ished speaking. He reported the council's consultants expect the gross national product-the total ot all business activity-lo reach a record annual rate of $560 billion in the fourth quarter of 1962. This would represent another small gain of $4.5 bil lion from the preceding quar ter. Kappel said that consumer prices are expected to in crease again next year, aver aging slightly higher than in 1962. This would be in line with increases the past few years. The business council is a group of 175 businessmen, many of them chiefs of the country's biggest corpora tions. Once an advisory arm of the Commerce department, the council declared itself in dependent in 1961 in a dis agreement with Hodges. former President Dwight D. Eisenhower and It is wife were guests of the council for the week end. He is scheduled to address the council mem bers and their wives Saturday night. Johnson's Medford Stop Features Political Scene By United Press International Vice President Lyndon Johnson flics into Oregon to campaign for Democrats to night on the heels of the co author of the King-Anderson medicare bill. Johnson's hop -skip -jump swing through the Northwest will bring him to Medford for a single Oregon appearance at the Rogue Valley Country club. Rep. Cecil King (D-Calif.) campaigned for the Democrat ic ticket in Oregon Thursday and predicted Congress will approve his medi-care plan next year. He blamed its cliff-hangin(' defeat in the Senate this year to Senate objection to the pro- Eleanor Roosevelt Back in Apartment New York - IUPII - Mrs. El eanor Roosevelt, 78, was back in her Manhattan apartment today to complete recupera tion from a lung infection. The former first lady was released Thursday from Co lumbia - Presbyterian hospi tal where she had been ad mitted Sept. 26. Doctors said treatments of the infection, which still is not entirely cleared up, could be contin ued equally effectively in her home. Mrs. Roosevelt will be pcr mited no visitors other than members of her family. cedure of tacking It onto an other bill, rather than to basic dislike of the plan. King said the bill to be in troduced next year probably will include health care bene fits financed from general Branchfield Speaks On Higher Education State legislative candidate Ed Branchfield called for more extensive use of existing higher education facilities Tuesday in an informal talk during a coffee held by Mrs. Charles Heffner, 3310 Forest ave. Medford. Expressing concern for "the tremendous expense" involv ed in increasing educational facilities, the Republican can didate declared: "We must work for the utmost value for the education dollar and help educators find ways to make greater use of the facilities we now have." Among other campaign ap pearances this week, Branch- iield spoke Monday before members of the Isaac Walton League and the Disabled American Veterans and aux iliary. Wednesday he address ed a group of 50 residents at Rogue Valley Manor and at tended an evening reception at the home of Mr. and Mrs Richard Pcdlcy, 1616 East Main st. Thursday he address ed a statewide meeting of the Veterans' Service Officers conference at Seaside. Rogue Valley Edition Medford Page 2A Tribune MEDFORD. OREGON FRIDAY, OCTOBER 19, 1962 Foreign Briefs ITALIAN SOCIALIST LEADER FACES REVOLT Rome-llil'D-Socialist leader Pietro Nenni faced a revolt in the pro-communist wing of his party today that could shatter the shaky base of Italy's "center-left" government. The Socialist Central committee was expected- io vote today or Saturday on whether to demand a convention of the full party to rule on Nenni's support of the Christian democratic government. COSTA RICAN CONGRESSMAN TO VISIT CUBA San Jose, Coita Rica-ill'li-Thirty-two of Costa Rica's 57 congressmen have accepted an invitation to visit Cuba as guests of Fidel Castro's revolutionary regime, it was re ported today. GERHARD SCHROEDER RETURNS TO BONN Bonn-ilTO-Foreign Minister Gerhard Schroeder returned today from talks in Washington with a clear warning to Moscow against interference of western access to Berlin. CUBAN DOCTORS ON HUNGER STRIKE Havana-HI'I'-Eight Cuban doctors who took asylum in the Uruguayan embassy here apparently were in the fourth day of a hunger strike today in protest against what they called the "negligence" of Uruguayn diplomats. STILL TIME TO PLANT Spring Flowering BULBS I M Gal them in Ih around as soon possible. We still have a very good selection to choose from. w as ll f iitsy CROCUS J.J0 f.r 45c HYACINTHS 8-Cetort, LeHg Bulbi Vigoroui 70 2.49 BONE MEAL 7 ib. 7.00 KING ALFRED DAFFODILS No. 1 Double Nose 70 7.59 100 for $12.75 Bedding Siit HYACINTHS 10 fr 1.35 Red Emperor TULIPS Long Summed Mixed Tulips 10 for 69c 100 for 5.35 Anemone Rtnuncului Parrot Tulipi Double Tul-pi Dwarf Dirfcdili Start Bulbi New for Winter lloomi In doori. L-tt ui ttll you how! It'i Fun. 25c ORTHO LAWN t GARDEN BOOK FREE With Bulb Purchiiti of 2.00 or Merc 01 S-" 1 Bartlett in i:h:m,hu Lumbermen See 'Over-Optimism' By Canadians Washington -UPli- U.S. lum ber industry spokesmen said Thursday Canadian lumber men were victims of "over-op-timism'' in bclicviiiK that the U.S. Tariff Commission will rule against restricting im ports of Canadian softwood lumber. The U.S. lumbermen said the Canadians apparently had a real lack of understanding j . . . oi me serious magnitude of the pressures rapidly de veloping in a!l parts of the United Stales for an immedi ate solution of Hip problem." The U.S. lumber industry representatives, who had serv ed as advisers to the U.S. dclciiation at this week's lum ber talks in Ottawa, said in a statement they were en couraged by the U.S. negotia tors' understanding of the problem. In the past, U S. lumber men has expressed fear that the government might subor dinate the lumber industry in favor of other U.S. Canadian interests. The statement said, however, that the industry ad visers concluded that "U.S. government represcntat Ives were dealing with this prob lem on its own merits." The US - Canadian talks ended Wednesday with a com munique announcing that a joint expert working group of governmental officials would be set up to examine such problems as storm damage in the West Coast forcsls. supply and demand prospects for tun-1 ber resources, wood utilize-1 Hon and market development I SOBBING SIMS 27th ANNIVERSARY OAS IT SCHOOL 2S3 CYCLE BAGS 2 98 Wjlctproot Bigs :Y BOOKI AND SUPL!C3 SrtLY - NO SPILLS BASKETS .V.,7 stzts to snr-inr.-' WIT All . w r S8C Road Liter HEADLIGHT IL-LIANT BEAM I J k ALU CHROME MANV OTME STYLES TO $2 98 CN009t F"oM Othen from 57e delta CHAIN GUARDS PHOTECT CLOTHING, LEGS ....V ,0 20" 49c 26" 98c Set contains on tich of 4", 5", oVf ind 7' i" itt. Just right for miiing, for casseroles, and for serving. ONLY WITH THIS AD SSMS Cycle & Hobby Shop 73 North Fir 772-2472 funds for elderly persons who are not covered by social se curity. In Portland, Sen. Wayne Morse (D-Ore.),' campaigning in earnest now that Congress has adjourned, blamed "pure legislative blackmail" for the deletion of funds for several Oregon projects from a Senate bill. Some of the money later was restored. Morse said Rep. Mike Kirwan (D-Ohio) oppos ed the Oregon money in re taliation for Morse opposition to the Kirwan Aquarium bill thbt later passed anyway. Morse said he opposed Kir wan's aquarium bill because the money could better be used to combat river pollution in the nation's capital. Morse's opponent, Sig Unan dor, told a Monmouth audi ence the United States should retain the Connally Amend ment which gives it the pow er to decide whether it will submit to World Court rul ings. Morse has fought for renel of the amendment in an effort to strengthen the World Court. At Eugene today, Unander said the United States must combine a military defense with a propaganda offense. "Some people may consider me a saber-rattler," he said "If so, let me make it clear that I propose our primary weapon be one of firm moral convictions, and that our great strategic attack be a propa ganda attack." For Fast, Efficient Service tTjfo to or from (Ml,'V Chin It v .y I iieur I.Mtlil Oebland, San Francisco, Lot Angeles and Other California Points Call Jack Fitzgerald : 773-7761 02 L5n Complete Heating Oil Service STANDARD HEATING OILS Mnriio qui Metered Deliveries Factory Trained Mechanic Equipment Parts in Stock At Your Service 24 Hours a Day Valley Fuel Co. Since 1931 1 1 West McAndrews W $CW I SAVE ?f m y if WScm,: Mem i $tcin QthsiIner Jes' tc' I 'ScSI "''e8! 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