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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 31, 1962)
ights State Politics s Reply uestion To K 13 teels Shine in irm Stock List New York - (liPII - Sleels held the spotlight in today's firm stock market. The strength in steels was taken as a surprise in some quarters in the light of U.S. Steel's dividend cut and lower earnings statement. Big steel rose nearly Vi followed by Jones & Laughlln, Republic, and Youngstown, up fractions to a point. Motors were firm and chem icals narrowly mixed. Both international and domestic cils moved slightly higher. Electronics were erratic with IBM off nearly 2 and Minneapolis-Honeywell up about 1. Some tobaccos weakened but aircrafts and drugs found good support. General Instru ment fell about 1 after omit ting its dividend, Gamble Skogmo tacked on roughly 1 on sharply higher earnings and Lukens Steel rose about 1 despite lower earnings. DOW JONES AVERAGES Nw York - llil'li - Dow Jones final slock averages: 30 industrials 588.98, up 9.63; 20 rails 120.17, up 0.83; IS utilities 116.69, up 1.24; 65 slocks 204.78, up 2.69. Sales Tuesday were about 3.83 million shares as compared with 4.28 million shares Monday, Tuesday I prices on selected siockh: Allied Chemical Alum Co. America American Can American Motors .. AT&T American Tobacco Anaconda Copper .. Armco Bendlx Corp . Bethlehem Steel .. Boeing Air Caterpillar Corp Chrysler Corp Coca Cola CBS Columbia Glis Continental Can ... Crown Zellcrbach . Crucible Steel Curtis Wrlrjit .. ... Dow Chemical Du Pont Kastmrin Kodak . . Firestone Ford General Electric .. Genera Foods General Motors .... Georgia Pacific Greyhound Gulf Oil .... HomcHtake Idaho Power UI.N Jnt Paper . Johns Manvllle .. KeniU'Cotl Copper Lockheed Aircraft Mnrtin Merck .. 3S ... M'i ... 411. ... 1.1 ...I0'i ... 27 'i ... an', ... 4:r', .. ' ... 2a !, ... :ta ... a.i ... .MI'l ... 711 ... an -I 'a . 41 .41 ... ia .. 17'. .. SI '. ...2I2-'. ... Il.t'a . 211 .. 4li, ... mi3. . . me. ... 33 . .HP, . 'Jti'.g ... at ... .12 'i .- 27", ..351'. . 2(1 ... 4(1''. ... (lit ', 41 , ... 211', ... till'. arm hlM)st' 1 SINGLER For MAYOR "Words without actions re tht Aitattini of ideal ism." Herbert Hoover Pd. Pol. Adv, Jay Allen 383 Holmes, Mcdfo.d ? v? w f a ."www BMt V, i i J 81 JWlll-llitiwii INSTALLED WHILE U-WAIT AUTO SEAT BELTS Largest Selection in Southern Oregon OPEN SUNDAYS! The Store With 10,000 Items THRIFT AUTO SUPPLY Modford, 801 N. Riverjide 30 ' 27 32 U . 52 . 48 . 24 , 11 'a . 42 411, 3(1 J. 30 . ?.a . 27 Hodges Proposes Income Tax Cut, Reforms Later Washington -MPli- Commerce Secretary Luther H. Hodges has proposed that the govern ment cut income taxes quick ly next year and put off more controversial tax reforms un til later. The commerce secretary, speaking only for himself, brought Into the open Tues day the unpleasant possibility that other administration offi cials have avoided discussing publicly. For the sake of getting a tax reduction through Con gress speedily, he recommend ed that it be severed from tax reform proposals that might bring time-consuming battles. Suggests Temporary Cut "If you tie both together you could get the whole thing bogged down," Hodges told a news conference. "Even if you don't get reform I think you need Ihe tax cut." Hodges suggested that the initial rale cut be temporary. Permanent relief could be part of a reform bill later, he said. He acknowledged that without Ihe sugar coaling of rate reduction, which Con gress is virtually certain to favor, the administrations' lax reform proposals might go no where. Tlie administration is well aware of (he difficulties of enacting tax reforms such as tightening up on slock options and the oil depletion allow ance. Thai is why the Presi dent and his advisers want a single (ax pneknge. Outlook Uncertain But officials also know thai (lie business outlook Is uncer tain. They feel thai the eco nomic statistics of the next Iwo months may argue strong ly for an Immediate lax cut to stimulate consumer and business spending. Walter W. Heller, tlie President's chief economic adviser, has said the early part of 1HB3 will be a time of testing for Ihe econ omy, witli a dip a possibility. If the business outlook in January is markedly more un (avnrable (han now, the Presi dent may decide to adopt Hodges' approach. Public dis cussion of such strategy, liow t vcr, has been avoided lest it spread pessimism about tile economy and make passage of a package (ax bill even more difficult. kadsMslHstsi pisw - Gr.nli Pass, 529 S.E. 6lh Montana Power ... Montgomery Ward . Nal'l Biscuit New York Central . Northern Pacific Pac Gai Elec Penney J. C Penn nR Perma Cement Phillipa xd Procter St Gamble . Radio Corporation . Rit'hfleld Oil Safewwy Santa re .. Senm Shell Oil Socony Mobil Oil ... Southern Co Southern Pacific Sperry Rand Standard Indiana ... United Airlinei U.S. Plywood U.S. Rubber U.S. Steel West Bank Corp Wejitinghouae Cuba, Campaign Funds, Daylight Time Included By United Press International Gov. Mark Hatfield replied to more than 50 questions ranging from Cuba to cam paign funds and fast time Tuesday night as the political telethon became a part of Oregon campaigning. The Republican governor appeared on a two-hour tele thon originating at KOIN-TV and rebroadcast over tele vision stations outside the Portland area. Hatfield said the policy of lirmness has proven itself in Cuba. Jn response to another telephoned query, he said there is labor money behind his campaign as well money from a wide range of other groups. Hatfield called the chief is sue in his bid for reelection the continued growth of Ore. gon economy under his guid ance versus unknown and nebulous programs." The governor also said the Oregon economy "would have been devastated if the Port land area had not gone on fast time last summer" like neigh boring stales. On other topics Hatfield said he opposes the death pen alty but respects the law. He said he is studying the Jean nace June Freeman case. He said civil defense showed some weaknesses but did a good job In the recent storm. Thornton Speaks Out Hatfield's opponent, Demo cratic Atty. Gen. Robert Y. Thornton, accused Hatfield of limber and power giveaways Monday in a Portland speech Thornton said was aimed at bringing out tlie issues. Thornton said Hatfield signed bills giving big limber a 20 per cent tax cut at Ihe expense of other taxpayers. He said under Hatfield private utilities won more than $8 million In rale increases. Thornton called for devel opment of cheap power to pro mote economic growth, medi care, federal aid to education, and crime prevention. He said Hatfield used up Oregon's $33 million surplus, increased Ihe governor's per sonal expense account, and kept his "time and attention directed toward campaigning for national political office." In Portland Tuesday Thorn ton said "1 have nol been able to get my message through in Republican newspapers as a candidate for governor should." Thornton said he believed the reason for lack of interest in the election "is ils poor cov erage by the newspapers, or by some of them." Al Newberg, Blaine Whip ple, Demon utic nominee for Congress in the first district, said a progressive Congress must be elected if Oregon and the nation are to move ahead. Whipple termed his oppon ent, GOP Hep. Walter Nor blad, one of the most obstruc tionist members of Congress. Figures Said Wrong State Kniploynient Commis sioner Uavid II. Cameron claimed that employment fig ures given out by Thornton in Portland Sunday wore wrong. Thornton said official stale figures show that Oregon losl jobs during the Republican administration of Hatfield. In a letter to Thornton, Cameron said the contrary is true. Oregon's average employ ment, Cameron said, increased from (144,300 in 11)58 to H77, 200 in Irtflt. Thornton said Oregon losl 10,000 jot's in manufacturing since 11)38 but Cameron said 2,000 such jobs were gained. Republican Carl Fisher, fourth district congressional candidate, said In Medford Tuesday that a tax cut "for lite wage earners of this coun try is overdue and it can be accomplished if unnecessary government programs are tossed in the asli can as mrmi ns llicv arc introduced." Mrs. Roosevelt Said Feeling Better New York ilTH A family pukrsm.tn saul Tiuday niM Mis. KlOHMor Hoosevell is "feeling a liltle, hotter and h little stronger" in her fitfht hkhw.m a lung infeclinn and anemia. Mrs. Hoo.se veil, 7tt. was per. milled to leave Columbia Preshytenan Hospital t v o weeks no after four weeks' confineme nt. The former first lady has been treated at her New York apartment with nurses in eon stunt attendance. She spends most of her tune sleeping, the .spokesman saul, and has been forbidden all activity. Only immediate members . of the family are permitted to visit her. ! , ' ' ' ' " Regional Edition f r r . ' 'J S , 'If- ' , M t V, v , ' ( ' ' . 'i T-...j,.-,,.. '- -Ti n'sVih fitt itff -W-t.--Wlfciilill r Wi sfniHI illli liiliV Tlinilli liliii lii WHI-If 1i - -"T"ir Its 1i 1 CURIOSITY GETS HER Penny Davis, 2Vz, her jack-o-lantern to see what s in there, succumbs to the inquisitivencss of a child She is the daughter of Mr. and Mrs. Cappy as she pecks into thai mysterious interior of Davis, Orlando, Fla. (UP1) MedfordwWTribune MEDFORD, Everyman Crew In Soviet Waters Moscow -llll'll- Twelve West ern pacifists and their yacht, Everyman 111, still are in So viet waters, the Soviet news agency Nuvosti said today. Earlier, Leningrad port of ficials said Ihe yacht had left Leningrad Harbor Oct. 23 where il had arrived three days earlier. They also denied reports the crew had scuttled Ihe boat. The agency said the crew were in "good condition" but were prevented from sailing by severe storms. Tlie agency said the yachl was presumed somewhere in Ihe Leningrad area but did not describe its exact location. The Everyman crew arrived in Leningrad to spearhead a campaign against armaments and nuclear tests. Foreign ISRAELI PRESIDENT GETS THIRD TERM Jerusalem, Israel-HilMt-Israeli President Iizhak Ben-Zvi wai reelected to his third consecutive five-year term Tues-1 day. Ben Zvi received 62 votes There were no opposing voles. BRITAIN TO PARTIALLY CENSOR HOPE'S SHOW London-tlTI'-The British Broadcasting Corp. announced to day thai Bob Hope's performance at the Royal Variety show witl be partially censored when it is ielvised Sunday because Hope included several plugs for commercial products in his act. The non-commercial BBC allows no advertisements what soever and once banned Bing Crosby's recording of "In My Merry Oldsmobile." U.S. ARMY CONVOY CLEARS CHECKPOINTS Berlin-il Tl-The U.S. Army sen! a convoy along ihe high way from Berlin through East Germany today without inci dent. An Army spokesman said Russian guards at checkpoints on both ends of ihe 110-mf.e highway cleared the convoy of four trucks carrying 27 men "very fast." NEHRU APPEALS FOR SYMPATHY, SUPPORT Tokyo-it TlIndian Premier Jawaharlal Nehru has appeal ed to the Japanese and South Korean governments for "sympathy and support" in India's border war with Red China, it was disclosed today. SOUTHERN RHODESl ANS WARNED OF DISTURBANCES Salisbury, Southern Rhodesia-lI'lAn African leader has warned that Southern Rhodesia will be torn by disturbances if elections are held Dec. 14. Intuljtcd RUBBER BOOTS $7.69 4 cu. ft. siza Peat Moss Alters Feed 330 N. Fir ' . "P , ' ' t OREGON, WEDNESDAY, OCTOBER 31, 19G2 Dedication For Bridge The Dalles 'DPI) Samuel Hill Memorial Bridge at Biggs, 20 miles east of The Dalles, will be dedicated at noon Thursday by officials from Oregon and Washington. The 2,567-foot span com pletes a vital link in a high way system that extends from Fairbanks, Alaska, to the Ca nal Zone in Central America. Governors To Attend Gov. Albert D. Rosellini of Washington and Gov. Mark Hatfield of Oregon or his rep resentative are scheduled to participate. Two high school girls--Martha Schuster of Golden dale and Karen Macnab of She. man High school in Moro -will hold the ribbon. In the Knesset (Parliament), I' fllftssr A 11 SPECIAL! Thursday, Friday and Saturday Penicillin 10cc--19c 11 S2.69 Briefs & Farm Supply St. -Medford - -tiS " . Page 2A Slated at Biggs Among expected Washing ton officials are William Bugge, director of highways; Darrell Hedges, executive secretary of the Washington Toll Bridge Authority; Charles Nichols, authority engineer; other members of the authority staff; and Klick itat county commissioners. Representing the Oregon Highway Department in the absence of Forrest Cooper, state highway engineer, will be Dean Swift of Bend, divi sion engineer. Financed by Bonds Cooper will be unable to at tend because of prior commit ments with the State High way Commission in Newport Thursday. The bridge was financed through the sale of $3,298,750 in revenue bonds by the toll bridge authority in 1960. The name of the bridge was given by the toll bridge au- ,nom-v m nicmnry 01 .1 . ci .railroad man, Samuel Hill. UP THE LIGHTPOLES New York - WPI) - Madison Avenue's advertising inhabi tants ran their slogans up the lightpoles Monday because of repaving on their street. An ad executive posted some of these signs; "Copy wrighters . . . . Don't create unnecessary widows - cross at next cor ner." "Art directors . . . don't get excited - we'll retouch it." TERMITES Those "fly inp nt" mny b swrtrminjr termite. Orife or Iwu'f caih year a tew of th termites, the winged repro- ' tiuitive. swarm from their jrrmm1 nests to start new col- nines. Swnrmer termite? leave- , l'ehind them I h o n s ft n il of j worker l r m i t es to r.i t the; wood m your lioine Tcr minix for free inspection. j a-WAY GUAR ANTtt Von cm H-nend on Termini ' St rn- -fi'.i.iramerii t 1. 1 oral Rn;i- T? rmitux lsrene j J. F I Brnet-Co wnrM i trBet ( maker ot harawmxt floors i J. Sun Insurant- Offie, t.trt. for frmm lnpcffon, Wrira or Phona.- BIG PINES LBR. co. 6lh & Fir 773-5333 Ai Aeivrttfd in "Tm Pott" You May Have Felled Timber Presents Problem Portland WPB Nearly 300 men concerned with timber pondered today what to do with $22 million worth of trees felled at one swoop by the Oct. 12 storm. Amid concern the product of the storm would flood tim ber markets, private timber operators and public officials from the local to the federal level met in the second day of the two day emergency con ference. The conference was called at the request of President Kennedy to map programs for salvaging the timber. The con ference was prompted both by desire to make use of the timber by selling il, and by fear the fallen timber would become a breeding ground for pests unless it were removed. Gov. Mark Hatfield enunci ated the marketing problems Monday. He revealed he has asked President Kennedy to curb Canadian imports to make room on the market for the salvage timber. He said salvage timber plus imports would play havoc with the lumber market. The conference was led by Assistant Interior Secretary John A. Carver. He said of the 4.4 billion board feet of tim ber downed by the storm, about 55 per cent was feder ally owned, 10 per cent state owned, and 35 per cent pri vately owned. It was estimated about 70 per cent can be salvaged. Sen. Wayne Morse (D-Ore.) said Canadian imports must not be allowed to frustrate clean-up efforts. "Our gov ernment is already discussing this matter with the Canadian government," he said. Hatfield said orderly re covery and planned market ing were necessary "to pre vent a glutting of our markets and to eliminate the possibil ity of a boom and bust per iod." "At the same time," he said, "we must move with great speed if we are to re cover the majority of this blown-down timber before the bugs get to il." He said the U. S. Steel Cuts Quarterly Dividend New York -IUPII- The U. S. Steel Corp. has cut its com mon quarterly dividend by one third apparently on the basis of third quarter earn ings which were the lowest for any non - strike period since the second quarter of 1946. Directors of the corporation announced Tuesday a slash in the dividends from 75 to 50 cents a share. Third quarter sales totaled S782 million against $885,220, 068 in the prior three months and $861,320,608 a year ago. P. O. Box 522 U. S. Forest Service already is taking steps to eliminate red tape and offer salvage sales as fast as possible. The delegates broke up into committees Monday night to propose solutions to specific problems. OOD pSSMll! Everytime DELUXE Bfw 2 to 9 cupi perfectly, vin you park small amount corta tatfei rich full bodied. And ifs ready quickly 9 cups in tott than fifteen minutes. No watching! No timingt Just set Brow Selector to exact strength you prefer. Coffee brews stops perking stays piping hot. Special setting lets you REHEAT without reperkingl Easy cleaning, easy pouring tool NOW IN PROGRESS AT 115 East Main Street Medford, Oregon 115 East Main Street Ashland, Oregon 303 South Front at 10th BARGAIN STORE-Medford 1001 Main Street Klamath Fall r - - KEEP ALIVE FIVE! This is the Aim of the Service Club Workers contacting residents SOON They hope to do it by each one selling five Mercy Flights subscriptions 5) 00 p Family Scores of residents were returned to lo cal hospitals from recent summer acci dents by Mercy Flights. Others probably would have used Mercy Flights if they had been sub scribers. Tomorrow's accident victims are the ones that we want to have subscribe now. NON-PROFIT MERCY FLIGHTS INC. Courtesy of Mail Tribune For Fast, j Efficient Service to or from saMV ship it 5ASyy LASME 1 ' Oakland. San i7V-.l 1 Francisco, uos Anscies ana vine. 1 ! I Jack Firia"1d W 773-7761 COFFEI AUTOMATIC nO :QoJ COFFEE MAKER whan "THIS IS A SALE" Medford, Ore. J ft Ii
