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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 6, 1962)
Final Hour Rally Sends Market Up New York -HOT- A final hour rally sent the stock mar ket ahead modestly today fol lowing some softness in the earlier hours. The market sold off Initial ly, partially recovered later in the morning, sank again over the noon hour and then loitered until rallying tenden cies developed on a sporadi cally late tape in the final hour. '.i DOW JONES AVERAGES . a T. v.,1. llil'll Dnw Jones final stock avaragei: 30 industrials 651.73, off 2.26i 20 railroads 140.05, off 0.32; 15 utilities 126.55, up 0.42, and 62 stocks 227.89, off 0.38. Sales to day were about 4.6 million shares compared with 8.38 million shares Wednesday. stocki: IH'.i .... 44',, ....116?. .... 2fl'a .... 42 .... 52's .... .15?. ... .'HI', ... 37 V, ... in . 37 V, ... 72", ... fM'i '. 25', .. 44 a ... 47'i ... IB', ... in'. 58', ..2.14 .10 ... .14 ... 45', ... 75 s. .. 74 'j .. .in1. .. 4.V, .. 32'', 3!)'i .. 41 lj .. 3(1 ..3!iB 'i .. 23',, .. 45 , .. B7Ti .. 52 .. S3-'l ' Today'! prices on selected Allied unemitu Alum Co. Am American Air Lines American Can A T ic T American Tobacco .. Anaconda Copper .... Armco Bendix Corp Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chryalcr Corp Coca Cola C.B.S Columbia Gas Ontlnentai Can Crown Zellerbach ... Crucible Steel Curtlai Wrlsht ..... Sow Chemical .. u Pont .. ' Eastman Kodak Ftrealone . Ford General Electric General Fooda General Motor Georgia Pacific Greyhound Gulf Oil .... Homeatake Idaho Power 1.B.M Int Paper .. Johna Manville .... Kennecott Copper Lockheed Aircraft .... Martin Merck Montana Power Montgomery Ward National Biscuit New York Central Northern Pacific Pac Gaa Elee Penney J. C. Penn RR Pernia Cement Phillips Procter flV Gamhle Radio Corporation Richfield Oil Safeway Sanla Ft Sears Shell Oil Socony Mobil Oil Soulhern to Southern Pacific Sperry Rand Standard California ., . Srandard Indiana Standard N. J Sun Mini Texas Co Texas Gulf Sulfur Texas Pac Land Truat . Thlokol Trans America Trans World Air Trl Continental Union Carbide Union Pacific United Airlines U. S. Plywood O. S. Rubber U. S. Steel West Bank Corp Westinchouse Younsstown 44 . 44 52'. 73', 75' 33', . Ml 1 a .. I4'a .. 17s, .. 31',. 44', .. IP, .. 42 .1(14'. .. 33'. .. 341, .. 47 ,. 42', .. 45'i .. 32', .. .12 ', .. 83'., Rl ' 33', 34 41 H 16', 33', 30', Two Persons Die In Traffic Mishaps By United Press International Two persons suffered fatal injuries in Oregon traffic ac cidents Wednesday. William C. Kik, 75, Hcrmis lon, died In a hospital today from Injuries suffered in a two-car collision about five miles north of Hcrmiston. Goldia Maythis, 78, Port land, was killed Wednesday night when struck by a car in downtown Portland. RESIGNATION ASSUMED Salem - IUPII - Lawrence Harvey, president of Harvey Aluminum company of The Dalles, is assumed to have re signed from the advisory com mittee to the Slate Depart ment of Planning and Devel- oopment. Gov. Mark Hatfield, chairman of the advisory com mittee, said Harvey has not attended a meeting since he was named to the committee more than four years ago. Truck on Runway Studied as Cause Of Plane Crash Washington - TO - Investi gators today looked into the possibility that a maintenance truck, lost in the fog, blunder- ed across the runway Just before an airliner crashed and killed 25 persons last Friday night at Idlcwild Airport. They said it might be the reason why Capl. Edward Bechtold, who died in the wreck, tried to abort his land ing. They theorized that he mistook the truck for an air plane in the fog. Fog Patch Evident Sources close to the investi gation said evidence still seems to show that a large and extremely thick patch of fno mnveri over the runway as Bechtold brought his East ern Air Line DC7B in, rob- blng him of all forward vi sion. They theorized that if a maintenance truck wandered over the runway accidentally, Bechtold might nave seen only the glow from the flash ing red licht atop the ve hicle. He might have thought it was the plane that landed just ahead of him. Lacked Visual Reference "His first thought would have been 'My God, I'm going to hit a plane full of people,' " one Investigator said. "His first reaction would have been to pull up instantly and go around at the very sec ond he was almost committed to a landine and when his airspeed was low. "The foe he Drobablv en- rnnntpred wnulri have made things even worse because he undoubtedly lacked, truck or no truck, any visual reference to the ground." Kogue Valley Edition Medford Page 2A -Tribune MEDFORD, OREGON, THURSDAY, DECEMBER 6, 1962 Foreign Briefs CUBAN REFUGEES SAID ATTACKED BY GUNBOATS Mexico City-djPli-Cuban refugees charged today that two Castroite gunboats machine-gunned and sank small boat in which 20 persons were trying to flee from Cuba Sunday, killing most of them. The Student Revolutionary Directorate .'aid the attack occurred near Boga de Galafre in the western province of Pinar Del Rio. A DRE spokesman quoting underground sources said the gunboats Rapido and El Coloma sighted the fleeing Cubans soon after their boat put to sea from Boca Del Galafre. They opened fire immediately, the spokesman said, and after the boat had been sunk they machine-gunned would-be refugees who were clinging to the wreckage. Tape-Recorded Transcript Confirms Ellender's Statement About Africans CASTRO MILITIAMEN IN JEEP ATTACKED Havana-iUPIl-Counter-revolutionaries shot up a jeep carry ing four Castro militiamen near Jaguey Grande, Matanias province. Wednesday night, killing one and wounding one, government newspapers reported today. The dead man was Laiaro Gonzales Fagundo, 26. There were ns immediate reports of arrests. LOVE LANE RESIDENT WIELDS GUN Marldon, England-iUPU-June Batten, 30, who lives In Love Lane House on Love Lane, was charged Wednesday with shooting Clifford Avery. Morse Protests Use Of Canadian Lumber Washington - IUPII - Sen. Wayne Morse (D-Ore.) today protested the use of Canadian lumber in minor construction jobs at the capitol. Morse, in a letter to Sen. Mike Mansfield (D-Mont.) complained of finding scant lings used in temporary walk ways and barriers at an ex cavation beside the Senate office building. This, the Oregonian com plained, was not in line with President Kennedy's July 26 directive to federal agencies to use U.S. lumber for federal construction. He asked Mans- Salisbury, Southern Rhode sia -IUPI)- A tape - recorded transcript issued today of Son. Allen J. Ellender's news con ference here confirmed he was quoted correctly on state ments which led Uganda and Tanganyika to declare him a "prohibited immigrant." Ellender, currently touring Africa, held the news confer ence last Saturday before leaving Salisbury. Uganda and Tanganyika banned him from entry and several news papers denounced him for say ing he had not seen any Afri cans ready for self-government and they were incapable of leadership without white assistance. The official transcript, is sued by the U.S. Information Service, showed the Louisiana Democrat said during the conference: "My own government of course, supports the Unitod Nations effort to make as many of the countries of Afri ca independent as desire to be or happen to operate their own governments. Now, per- sonally, I wouldn't 1iave any quarrel with that if those who are 10 operate the govern ment were competent to do so and had the capability. But I have yet to come to any of them wherein that capability exists and for that reason I Groener Gains 22 Votes in Recount Oregon City - IUPII - With about half of Clackamas coun ty's precincts recounted State Sen. Richard Groener gained 22 votes in his contest with State Rep. Tom Monaghan of Milwaukie for a State Senate seat. Monaghan had a 57 vote lead after the official canvass. His margin was cut to 35 votes Wednesday night. Both are Democrats. The recount is expected to be finished Friday night. stated that the time for this change to independence is a little too early . . ." "If there is any part of Africa wherein the natives have built up a community on their own, have used bricks and mortar and have manu factured things on their own and made progress on their own, I have yet to see that area ... "What I mean simply is that the average African is incap able of leadership except through t h e assistance of Europeans . . ." SHIP IT USME to or from Oakland, San Fran cisco, Lot Angela, and other California points, t&maak. Jack Fitzgerald I Sgg 773-7761 1 I FREE! ?100 CHRISTMAS GIFT CERTIFICATE fa tS" With Purchase of Your New Rambler at . y m LEA MOTORS jS Fifth and B.rtlett Phone 772-6185 Tjti field, chairman of the Senate Rules Committee, to call the j capital architect's attention to j the directive intended to aid the domestic lumber indus try. Pacific Northwest lumber interests have complained of increasing Canadian competition. Liquor Stores Set Hour for Closing Portland (UPIl Oregon liquor stores will close at 6 p.m. on Dec. 24 and Dec. 31, the Oregon Liquor Control commission said today. tmum gift if mirror f ' ' ' ' jut M:7avijGsat?iYffcV a ., . .' , j 1 1 ' y , d lurry trmmtn mint a ftill-lrit;lh M if' if ! j mirror. ..an Mom the verv best, a distortion. 1.) . i.H' ( t I llJW.I (' High Fidelity ololt aloil mirror that toi.lv II I J I !, . I Pi II i. -. 1 . f t ' I I. ! J 000 SUPER MARKET 0 LIMIT RIGHTS RESERVED - FREE DELIVERY A DoJ trill ftrin from var to ntr whn h i nil own tlluminottd ihavmg mirror. H rVIcti handwmtfy on on iid, magnifiti on th ofKf, Mom will find It handy (or maltup, loo, With buiN-in light and iHaw outltl thit chroma plated btouty Mill rtgulorly for i I 2.95 ...but thit Chnitmot it'i only V Junior ran ee himnvlf at othtn him wHh thli Fuller High Fidelity mirror. 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