Medford mail tribune., November 28, 1962, Image 2

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tley
Use
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Lockheed WalEcou
Rogue Valley Edition
Medford
Page 2A
Tribune
MEDFORD, OREGON, WEDNESDAY, NOVEMBER 28, 19B2
Drugs, Steels and
Electronics Pace
Market in Rally
New York-UPD-Electronlcs,
drugs and steels paced a rally
today and stocks closed con
siderably higher.
A steady stream of excel
lent business news and divi
dend boosts have compounded
an already bright economic
picture.
IBM, Texas Instruments
and Beckman spearheaded the
electronic gainers, up about 3
apiece, the last on news it
plans to acquire Vector Manufacturing.
DOW JONES AVERAGES
New Yorlc-4'Pri-Dow Jonas
final stock averages! 30 In
dustrials 651.85, up 3.80) 20
railroads 136.58, up 0.44, IS
utilities 125.59, up 0.56) and
65 stocks 226.37, up 1.12.
Sain today war about 5.98
million shares compared
with 5.5 million iham
Tuesday.
Today's prlcei on selected stocks:
Allied Chemical ...... 3',k
Alum Co. Am ...... SB
American Air Llnei 183i,
American Can .. 44:'i
American Motora 16
AT St T . 1HV,
American Tobacco 30J4
Anaconda Copper (xd) - 43ls
Armeo M7a
Bendlx Corp .. MJi
Bethlehem Steel .12 'i
Boeing Air M . .18
Caterpillar Corp . Mi
Chryaler Corp .............. 7(Hj
Cora Cola - B2s
CBS . 42
Continental Can 42i
Crucible Steel S3;
Dow Chemical .19 's
Du Pont - 231 U
Eastman Kodak 1118
Firestone 33B
Ford 4S',
General Electric 74 3J
General Fooda 7.va
General Motors .Wa
Georgia Pacific 433it
Greyhound 30'
Cull Oil IB".
Homeitake 4(Ps
Idaho Power 24"
IBM ....31171,
Int Paper 28',
Johna Manvllle Ixd) 4(1 'i
Kennecolt Copper 8
Lockheed Aircraft SI'l
Miirtln (xd) .. 22
Merck 78
Montana Power S.:ii
Montgomery Ward 34 li
National Blicuit 3nla
New York Central 13''4
Northern Paclllc
Pac Gal Elec
Pcnn RM
Perma Cement
Phillips
Procter at Gamble
Radio Corporation
Richfield Oil
Safewav ,
Santa Fe
Sears
Shell Oil
Socony Mobil Oil
Southern Co
Southern Pacific
Sperry Rand
Standard California
Standard Indiana
Standard N.J
Stokely Van Camp
Sun Mines
Texas Co
Texas Gulf Sulfur
Texas Pacific Land Trust .
Thlokol
Trana America
Trans World Air
Tri Continental
Union Carbide
Union Pacific
United Alrllnca
U.S. Plywood
U.S. Rubber
U.S. Steel
Weat Bank Corp
WeHtlnghoune
YoungMown
l:u.
... 131,
... 'iM'a
... 52'.,
... 57
... 411 T,
... 4:i',
... 24 'i
... 7.5',
...TU',
... 54',
... 4!lJi
... 2H',
.. 14
. fi'i'j
.. 48',
.. 56
.. llPi
..
.. SB'.
.. 13'i
.. 17
.. 28',
.. 42i
.. ll'i
.. 4 1 i
.103',
.. 33'.
.. 32',
.. 47
.. 41",
.. 4(1',
.. 3'l',i
. 33
.. est.
Grange News
Upper Applegate
An illustrated talk on tree
farming was given by Dick
Olson, state farm forester for
the region during a booster
night and birthday party at
Upper Applcgate Grange re
cently. He was introduced by
Dana Gearhart.
A skit was given and a cake
walk benefited the 4-H trophy
case fund. A coffee hour
closed the meeting.
SIGN PAY AGREEMENT
Washington -IUPH- Contrac
tors and unions at the Cape
Canaveral missile base have
signed an agreement providing
for uniform work and pay
benefits for union and non
union workers alike. A spokes
man for the missile sites labor
committee snid Tuesday Hint
the agreement, reached after
negotiations of more than a
year, uocs into effect Dec. 1.
J7's 1
Hi, siassssssMiwisWiali fcSi wmM iftii ffihrtsiTrt
2030 0mmf Phone ?
w MAlhy ft 772-6828 f
Machinists Quit
Work at Several
Defense Plants
- t r
STEER BEEF
Chuck
Roast
lb,
$8
HsaMsaasHsaHsSBMsMHMHsl
LEAN CENTER CUT
Ground Pork
Chuck Chops
2,k,5U0 691.
aaWssaHMHHHsaMBMI
Locker Specials
25-lb. 20-lb. MIXED
BEEF PORK CROER
ORDER ORDER 30-lbs.
$12.95 $8.95 S14.S5
PRICES INCLUDE CUTTING AND WRAPPING
Open 6 Days 9 a.m. 7 p.m. Closed Sundays
Washington fUPIl The gov.
crnment is considering invok.
ing the Taft-Hartley Act to
bring a halt to the Lockheed
Aircraft Corp. strike, the De
fense Department said today.
President Kennedy would
have to invoke the act, which
requires a 80-day cooling off
period.
Members of the Interna
tional Association of Machi
nists struck Lockheed facili
ties in Florida, California and
Hawaii early today.
A Defense Department
spokesman said one of the
things that is being consld.
cred" is whether the Taft
Hartley Act should be in
voked.
Largs Contractor
Lockheed is one of the na
tion's largest defense con
tractors, producing Polaris
missiles, Agena spacecraft.
air transports, and numerous
other items.
The Pcntegon spokesman
said that the department was
"studying the impact" the
strike could have, surveying
alternate means of produc.
lion" and requiring that any
new contracts given Lockheed
must have specia' scrutiny
and specific approval of
Army, Navy and Air Force
secretaries.
He said Lockheed had an
"enormous number of de
fense contracts" but he was
unable to name any product
that was under consideration
to be shifted to any other
producer.
The department announced
Nov. 17 that it was consider
ing whether alternate produc
tion sources could be used in
event of a work stoppage at
Lockheed.
Plants Picketed
Meanwhile, union machi
nists were picketing Lock
heed's production plants and
missile bases in a widespread
strike affecting some 55.000
employees from Cape Cana
veral, Fla., to Hawaii.
The strike was called at
midnight by the machinists
when negotiators said they
were hopelessly deadlocked
on the crucial union shop is
sue which had stalled media
tion attempts.
Federal Mediator William
Simkins said he would return
to Washington to make a re
port to Kennedy on the status
of the deadlock.
The Lockheed installation
at Cape Canaveral was struck
first at midnight (EST) and
West Coast members walked
off thei r jobs three hours
later.
Several hundred spectators
milled with 40 or 50 pickets at
the main gate of the major in
stallation here of the Cali
fornia division that produces
the F104 StarfiRhter and P3A
Orion antisubmarine patrol
planes.
Plants Remain Open
Lockheed Vice President
John Canaday said all plants
are open and the firm was de
termined to "make an effort
to minimize the effects of the
strike and continue operations."
The California division em
ploys 24,000 workers and at
Palmdalc, Calif.
The Missiles and Space Di
vision employs some 31.000
persons at Sunnyvale, Van
Nuys, Santa Cruz, Rye Canyon
and Vandeiilierg Air Force
liase, Calif., and at Honolulu
and Cape Canaveral.
Another 20.000 employees
of Lockheed divisions at oilier
locations, including Marielta.
da., were not affected by the
I walkout.
Hatfield Approves Budget
For Agriculture Department
Corvallis - (TO - Gov. Mark
Hatfield has approved a So' 6
million budget for the State
Agriculture Department in
19(13-65, the State Board of
Agriculture was told here
Tuesday.
This would be an increase
of about $200,000 over the
current budget. The agricul
ture department was budgeted
for $6 8 million this biennium,
but figures it will spend under
that - about $6 4 million.
J. W. Southworth, assistant
state agriculture director, said
about 60 per cent of the $6.6
million would come from fees
and licenses.
The agriculture board gave
final approval to plans for a
new state agriculture building,
estimated to cost $900,000.
The Governor hasn't ap
proved the proposal so far,
and it isn't included in the
$6.6 million.
The board has indicated it
will ask the 1963 legislature
to authorize immediate con
struction of the new building,
to replace an older building
in Salem. The board hopes a
new building can be located
on the Capitol Mall.
The Oregon Farm Bureau
federation has endorsed the
proposed new building, ac
cording to Joe Saito of On
tario, board member. R. A.
Long, board member from
Fort Rock, said the Oregon
Cattlemen's Association has
also endorsed It.
..:? .
Kit:
W,r ''B i
ROSE QUEEN Rose Queen Nanev Davis is shown after she
was named 10 reign over me 74th annual Tournament of
Roses at Pasadena, Calif. She was selected from the seven
finalists, the other six to serve as princesses of her royal
court. Miss Davis, a 5 foot, 7 inch blonde, is a music major
sophomore at Pasadena City College, (UP!)
oreign I nets
FILIPINOS DROP THREAT OF NATIONAL WALKOUT
Manila-flPli-About 3,000 Manila dockworkers returned to
their jobs today, dropping threats to stag a national walk
out of 1 million Filipino workers.
BRAZILIANS TRIP TO U.S. AGAIN POSTPONED
Rio de Janeiro-ilTli-Former Foreign Minister San Thiago
Danlas's coming trip to the United States has been postponed
for a second time because of delay in perfecting government
financial plant, it was announced today.
BRITAIN ALLOWS REFUGEES TO RETURN
London-'ll'I'-The British government has agreed to let
refugees from volcano-wrecked Tristan da Cunha Island re
turn to their South Atlantic homes, it was officially an
nounced Tuesday.
The 280 residents of the island fled in open boats in 1961
when a long-dead volcano erupted. Colonial Undersecretary
Nigel Fisher said a 12-man advance party will return to
Tristan da Cunha in a month or two to prepare for other
Inhabitants now In Britain.
POLICE, INTOXICATED PEASANTS CLASH
Belgrade-'! IM'-A battle between 150 police and Intoxicated
peasants left one person dead and five seriously injured in
a village square in Bosnia, police said Tuesday.
Jackie's Pakistan
Film To Be Shown
Washington - 'IW - Ameri
cans now will be able to see
the half-hour film of Mrs
Jacqueline Kennedy's good
will trip to India and Paki
stan. Until now It has been
shown only overseas.
lletinning next month, the
government-produced film is
lo lie given to distributors in
this country, without owl, by
the l' S. Information agency.
The arrangements a- an
nounced Tuesday by Eric
Johnston, president of the Mo
tion Picture Association of
America, who had asked that
the film be made available
for showing in the United
Stales. Under ordinary cir
cumstances, no USIA film is
shown domestically.
Hefore Congress adjournec
however, the Senate approved
a resolution urging release of
the color documentary.
The association said the
film "will be released to
American movie hou.rs start
ing m December. "
Vjpieii a"awaja.Ti
INSTALLED
WliiLE-U-tfAU
M 3 b.
HP;
I kiss.
v
AUTO SEAT BELTS
Largest Selection in Southern Oregon
OPEN SUNDAYS!
The Store With 10,000 Items
THRIFT AUTO SUPPLY
Ml
Medford, 801 N. Riversidt-Grantt Pais, 529 S E. 6th
SVi
Chairman Frank Rood,
North Bend, outlined efforts
of the Oregon Dairy Industry
committee to fill the gap after
Oregon's producer milk sta
bilization law expires Dec. 31.
A subcommittee is drafting a
proposed state milk order,
Rood said, which would have
lo be approved by the legisla
ture. The board toured the Ore
gon State university campus
here after the meeting.
Retail Prices in
Portland Increase
San Francisco - (UPD - The
average level of retail prices
in Portland reached another
peak in October, 1962, the De
partment of Labor's Bureau of
Labor Statistics said today.
The index reached 105.3, or
0.5 per cent above the July
level. The October index was
0.7 per cent above the year
ago level.
Food prices averaged 0.9
per cent higher over the August-October
quarter but 0.3
per cent lower than Septem
ber. Most of the decrease was
in meat products.
Housing costs went up 0 8
per cent; rents averaged high
er by 0.5 per cent and fuels
by 5.0 per cent because of
higher priced fuel oil.
for those who
have tetter things to do
than work all their lives
Why not, just husband and wife, take
a few days off in the middle of the
week and experience the wonderful
blend of excitement, tranquility and
relaxation that can only be found at "
The Village Green? - -.'
Relax in our Swiss Chalet atmosphere.
Stretch your legs, throw out your
arms and enjoy superb lodging and
dining. For entertainment you might
try a round of golf in the afternoon
and in the evening slip into the
Captain's Cabin and sip a glass of
good cheer while artistic Jerry John
ston plays your requests on the piano.
Located south of Eugene at the Cot
tage Grove Junction on Highway 99,
The Village Green is only a few hours
away from Medford. Visit as soon fof
an txptrtencr in rne art or living.
Write for reservations P. O. Box 277,
Cottage Grove, Oregon or call me
personally at WHitney 2-2491.
Harry Rm&laitJ, jour bost
piifif the pj
owniow
Open Monday and Friday Nights 'til 9
OPEN SUNDAY 1 1 a.m. to 5:30 p.m.
CUSTOIViATIC
mh 3-way adjustable
comb shaving head
S88
- j
i i
Adjust shaving angle'
to fit your skin or
beard. Built-in
combs set up
whiskers for closer,
smoother shaves.
Extra power AC-DC
motor. FREE
Check-Up Coupon
worth 'I.
COMPARE!
NEW
REMINGTON
ROLl-A-MATIC
ELECTRIC RAZOR
Very popular razor. Has extra
shaving surface.
LOW PRICE
$1!
M
88
REMINGTON LEKTRONIC
RAZOR
Don't ntea- to af)H88
piug ir in. .aCBsEi
Rooular 124.0S
Transistor Radio
Batteries
Stock up Each
25'
"LADY SUNBEAM"
ELECTRIC SHAVER
$788
New style with micro Iwin head,
one side for shaving legs, the
other for shaving under-arms.
Quiet motor. Smart travel case.
-TO its
WW:easyt0
frtC CHARGE
VP It. WW . , it y
ALUMINUFil TREES
62F00t 88
61 branch tree
Reg. $5.99
6li-Ft. POM POM TREE
99
45 BRANCHES WITH
REVOLVING COLOR
WHEEL . . .
A $12 00 VALUE
COMPLETE
COMPARE PRICES ON THESE XMflS ITEMS
4 Roll, 360" XMAS WRAP
20" Wide. Terrific Buy! 4
ixcyviiai 7ww
7
5-lb. Box Quality CHOCOLATES
Sensational Buy! Warren Watkins
Brand-4.49 Value.
289
25 LIGHT OUTDOOR SET
Multiple type. If one goes out
others stay lighted. 5.95 value
337
13-oz. Can SPRAY SNOW
For decorating Christmas Arrangements
Regular 89c
Box of 50 CHRISTMAS CARDS
Assorted Christmas Scenes nn
Regular 1.00 B g
ATlltsujjSe'Uaj
Htvt your name printed on your Chrlitmn Csrds.
Choita deiignt you'll winl lo order csrly!
Rites 25 cards $1.00 I Red, gold or black
50 cards $1.50 Fast Service
100 cards $1.99 Satisfaction Guaranteed
FleUlEAU6 Downtown