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
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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 '
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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
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BONE MEAL
7 ib. 7.00
KING ALFRED
DAFFODILS
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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
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doori. L-tt ui ttll you
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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
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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."
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