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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 21, 1962)
FIGHTER PLANE CRASHES Two airmen look over wreckage of an Oregon Air National Guard F89 fighter plane which crashed In Portland Thursday. Several homes Pan American, Trans World Airlines Merger Given Approval of Directors New York -IUPH- Merger of Pan American World Airways and Trans World Airlines Into the biggest privately owned flight system on earth was ap proved Thursday by directors of the firms. Consolidation of the na tion's two largest overseas carriers would create a globe spanning operation exceeding in assets the proposed merger of American and Eastern Air lines. But the plan must win ap proval from the 48,000 share holders in both lines, the Civil Aeronautics board and Presi dent Kennedy, because of its International scope. It was expected that TWA's domestic competitors would strongly oppose the plan, which also may be stalled by a legal battle between the 1 lb, box $1. BO 2 lb. box 2.9S 3 lb. box 4.25 5 lb. box 6.95 This "Always Favorite;" assortment please everyone on your list. Perfect for family gifts, tool Li.il " "" '" and butter bons... elegant for r Qinbaiiodoti 1 lb. box $2.00 2 lb. box 4.00 fU.l The finest miniature chocolalt with mtny unusual center,,. a gilt you II be proud to give, ttcluiivt Ar Centrales Drugs Main f Ctntrl-S4H Grn Stemps - 772-9431 line and Its major stockhold er, Howard Hughes, The agreement climaxed nearly a year of negotiations. An accompanying announce ment said the merger would forge "a financially strong U. S.-flag transatlantic air line better able to compete against combinations of for eign carriers which have re duced the U. S. share of the transatlantic rnarket by 42 per tent in 12 years." The announcement said the new company, to be known as Pan Am World Airlines, Inc., was "expected to fly substan tially more hours and carry more traffic through greater utilization of the combined fleets." Juan T. Trlppe, president and chief executive officer of Pan American, would become chairman of the new firm, wil h . . 21; Ih. $3.25. A choice selection of chocolates gilt giving. were damaged by Ihe crash and no dcams were reported. safely. (UPI) while TWA President Charles C. Tilllnghast Jr, would be president. The merger would be ef fected through a share-for- share exchange of stock with TWA, with the present Pan American Corp. continuing as a holding company for 11,- J48,0B.i shares in the new firm. That is 1.7 times the 6,674,155 shares that would be owned by TWA stock holders. Pan Am, Ihe nation's big gest International airlines, serves 114 cities on its 70,000 mile system but has no domes tic routes. TWA, the third biggest domestic airline, has 23,000 miles of international routes and 11,000 domestic miles. The main Impetus for the merger, as well as three oth er major airline consolida tions proposed in the past two years, was the financial situa tion caused by Dig jets with more seats than passengers. TWA, which has 13,300 Four Youths Join Naval Reserve Unit Four boys, all students at Medford High school, were sworn Into the Naval Reserve unit here this week. They are Mickey H. Merlon, son of Mr. and Mrs. Ralph G. Merlon, 1820 Kings highway; James P. Martin, son of Mr. and Mrs. Paul H. Martin, 2400 Meadows land; Grant J. Bailey, son of Mr. and Mrs. Larry J. Bailey, 601 Sterling rd., Jacksonville, and Stephen B. Lawton, son of Mr. and Mrs. Boyd A. Lawton, 318 Newtown avc. The boys were sworn in by LI. Cdr. R. E. Bridenstine, commanding officer of the electronic facility here. Regional Edition Page 2A MedfordTribune MEDFORD, OREGON, FRIDAY. DECEMBER 21. 1IIH2 oreign GREEK FE1GHTER GOES AGROUND Damaicui, Syrta-ll'I'-The 2, 285-ton Greek freighter Agios Nicolaot went aground near Tartuj, Syria, Thursday, but I officials said its 18-mnn crew escaped injury. A port spokes ; man said the ship was damaged badly. SPANISH AUTHORITIES EVACUATE FAMILIES Zarogoio, Spain-'ITIi-Authorities removed families from I three apartment houses here Thursday after three periont died because of a gas leak in the neighborhood. Two otheri were injured frying to rescue the victims. MORE HOME RULE DUE IN BAHAMA London-itl'lt-The British government will give the people of Ihe Bahama Islands more home rule, the Colonial office ' her announced Thursday, 1 It said conference on the move will be held the first i half of next year. The Bahamas are group of 22 inhabited I islands and hundreds of islets stretching from the east Florida coast almost to Puerto Rico. HILLARY CONFERS ON HIMALAYA CLIMB Katmandu, Nepl-M'l-Sir Edward Hillary, the British climber who conquered Mount Everest, left Katmandu Thurs day for New Zealand. During his two-day stay here. Hillary conferred with Nepalese officials about his proposed attempt to climb Himalayan peak near Mount Everest next spring. NATURAL GAS EQUIPMENT COMPANY On DispUv the ii gest selection o( gjs hejhng equip ment in So. Ot. COLEMAN Sp-tre toor l.t forJ Aif Upt)?w Down Flow - Hofiontal Wall furnaces Hot Water Hewers.. 1 1 1 West Main but only two minor Injuries Tne iwo-man crew paracnuied miles of routes that duplicate those of Pan American, lost $6,764,000 in the first 10 months of this year and $38.7 million in 1961. Pan Am turned in profits of $10,240, 000 and $8.7 million during the corresponding periods. The merger would create an international and domes tic carrier with assets of more than $1.21 billion, 80, 000 miles of routes, about 40,000 employees and 141 jet aircraft along with some piston planes. In addition to the usual hurdles, the latest plan faces the unpredictable Hughes, a multimillionaire who owns 78 per cent of TWA stock through his company, Hughes Tool. Hughes, however, cannot vote his holdings under an agreement he entered two years ago for obtaining jet fleet financing. Mona Lisa To Be Taken From Case Washington -IUPD- Museum experts planned today to re move the Mona Lisa from the aluminum traveling case in which the great painting was placed two weeks ago. Leonardo da Vinci's por trait has been resting in an air-conditioned vault since it arrived at the National Gal lery of Art on Wednesday afternoon from Paris. Originally it was thought the Mona Lisa would be un cratcd Thursday, but this was changed. The Mona Lisa was remov ed from its niche in the Louvre museum on Dec. 13 and put into its case. The painting will remain in the vault at the National Gal lery until it goes on public display Jan. 8. Phone 772-2322 Briefs Nassau Conference: Shift in Policy or Washington -UIPD- The Ken nedy - Macmillan conference has come up with either a far reaching shift in nuclear weap ons policy or a face-saving compromise to an issue that had chilled Anglo-American relations. Both claims will be heard. In advance of a communi que expected today, spokes men at Nassau revealed that Britain agreed to drop its in terest in the experimental bomber-launched Skybolt mis sile and accept instead the proven submarine - launched Polaris. It was not yet clear, how ever, just how Britain would use the Polaris. She has no means of employing it right now, whereas she does have jet bombers that could have carried Skybolt. It remained Con Edison Reaches Year's High on Mixed Stock Market New York-IUPD-Stocks were narrowly mixed today. Utilities performed fairly well with Kansas City Power & Light up nearly a point and Con Edison up 5s to S3'A, a new 1962 high. Stores also got good support from May Department Stores and Red Owl, the latter up nearly a point. Chrysler slipped nearly 1 In an easier motor group but Du Pont tacked on close to a point in a mixed chemical section. Steels were narrow ly mixed and oils showed lit tle change. Aircrafts and electronics were scrambled but foods firmed. DOW JONES AVERAGES New York-IUPII-Dow Jones final stock averages: 30 in dustrials 648.55, up 1.55; 20 railroads 138.78, up 0.52; 15 utilities 128.14, up 0.50; and 65 stocks 227.50, up 0.89. Sales Thursday were about 4.22 million shares compared with 4 million shares Wednesday. Thuriday'l prlcei on slocks: Allied Chemical Aium Co. Am American Air Linei American Can American Moton AT&T American Tobacco Anaconda Copper Armco Bendlx Corp Bethlehem Steel BoeinR Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola C.B.S. Columbia Gas Continental Can Crown Zellerbach Crucible Steel Curttss WriRht Dow Chemical Du Pont Eastman Kodak Firestone Ford General Electric General Foods General Motors Georjtta Pacific Greyhound Gulf Oil Homestake Idaho Power t B JI. Int Paper Johns Monville Kennecott Copper Lockheed Aircraft Martin .... Merck selected 43a W, IS', 44 16'j 2d'; 41 i, 51 53b an Ji 37'. 17', 3r?t 74', 88 U 44' as', 44 ' i 48 15 'i 17?, 56' j 236", 108', 34', 48 78 77s, 3H', 453, 31J, 393., 43 32', 3!2',, 27 43', 85 ' i 55 , Lee's FREE s mm UNION SERVICE YOUR NEW UNION OIL DEALER 1251 South Riverside Medford Phone 773-9057 "Our thoughtful, thorough service is as good as the gasoline we sell.'" oA80UNt Union's complete lina of Minute Man tires, batteries and accessories. Budget terms. Ne purchase nscemrv, (uit dtpoiit this stub it Lie's Union for d.lm, on FREE TURKEY. Drawina Dec. 23,1962-9:00 NAME . ADDRESS LEE'S UNION SERVICE 1251 So. Riverside Face-Saving Agreement Seen to be seen whether Polaris would be adapted for land based launches, surface ships or submarines yet to be built, and, if submarines, whether they would come from Amer ica or be built in Britain. The Skybolt and Polaris have similarities in design and mission, but they also have considerable differences. Skybolt, which Britain had regarded as the salvation of its deterrent force In the 1960s, was to be a two-stage ballistic missile carried under bombers' wings and capable of striking targets at 1,000 nautical miles' range. It was technically complex but by no means beyond pres ent know-how. As envisioned by the U. S. Air Force, which would have used the Skybolt on B52 Montana Power Montgomery Ward National Biscuit New York Central .. Northern Pacific .... Pac Gaa Elec Penney. J. C Penn RR Perma Cement Phillips Procter St Gamble .. Radio Corporation .. Richfield Oil Safeway Santa Fe Sears Shell Oil Socony Mobil Oil .... 36 , 33 ' i . 42", 15', . 3B J, 31 . 44', , 13i , 12?, , 49 i, 72 36', . 91 v, Three People Hurt In Highway 62 Crash Three persons vere injured last night in a two-car acci dent at the Butte Falls junc tion on Crater Lake highway, according to state police. Injured were Jan Lewis Dusenberry, Trail, driver of one car, who suffered facial lacerations; Geracha Louise Perinl, 37, Butte Falls Star route, Eagle Point, driver of the other car, who suffered a possible back injury; and Laura Belle Perini, 13, Eagle Point, passenger in the Per ini car. Jan Dusenberry was treated by a Shady Cove physician, police said. Mrs. Perini was reported in fair condition ot Rogue Valley hospital where she was taken by ambulance. Laura Perini was treated at the hospital and released. Brigitte Bardot To Visit New York Paris -1UPII On the heels of Mona Lisa, another famous lady of France will make her first voyage to the New World; Brigitte Bardot. A spokesman for BB said the curvaceous blonde star will travel to New York in February for appearances in connection with her latest film, "Le Repose du Guer rier." Until now, Miss Bardot has refused firmly all offers to work or appear in the United Slates. Ml loin tin 27.0OO.O0O Smitt. Ihtitty Wemm whs ma CREEN I the Best Vaiuet STAMPS,) with StH Grttn Slimpi P.M. Madford bombers, It made possible counter-attacking an enemy from any direction on the compass. Firing it, B52s could then follow through with big bomb attacks. Accuracy was expected to be as good as that of Polaris. One of the problems was this: If the launching airplane was one degree off course, the Skybolt would miss a tar get 1,000 miles away by 18 miles. An answer was that the Strategic Air Command does not get one degree off course. The Polaris is a two-stage ballistic missile, and has been operational in nuclear-powered submarines for two years. Each sub carries 16. There are now nine subs at sea. The missile Is launched Southern Co Southern Pacific Sperry Rand Standard California Standard Indiana Standard N. J Stokely Van Camp Sun Mines Texas Co Texas Cult Sulfur Texas Pac Land Trust . Thlokol Trans America Trans World Air Tri-Continental Union Carbide Union Pacific United Aircraft ..... United Air Lines U.S. Plywood U.S. Rubber U.S. Sleel Westinghouse .. 48 .. 38 ' a .. 17', .. 7-i .. 1)0 J, .. 19 .. 16 .. 29 .. 47 .. ll'i .. 42i ..102 .. 33 .. an, .. anii .. 45 ; .. 40 .. 44 .. 32!, Bus Driver Dies In Head-on Crash , San Onotre, Calif. - IUPII - A Greyhound bus driver was killed and 17 persons injured early today when the bus col lided head-on with a lumber truck in dense fog. The driver of the truck, William Eugene Peters, 38, Inglewood, Calif., was booked on suspicion of manslaughter. Sixteen of the injured, four in serious condition, were military personnel and de pendents and were taken to nearby Camp Pendleton Ma rine base for treatment. One civilian was being treated for serious injuries at Oceanside Hospital, 18 miles south. The bus driver was iden tified as Raymond Banskin, 35, Redondo Beach, Calif. Witnesses said the highway was covered with fuel and littered with lumber from the truck. Freedom from this... 1 I j M Vp- A AUTOMATIC I !j ?r5 jelectiuc ' I ., x. v i ., ' - , id " ' jVMinH i A See your favorite CalOre Electrical League Dealer about portable, permanent and convertible models. Nuclear from a submerged sub from a tube by compressed air, and ignited when about 80 feet above the water. Its guidance system puts it on course and keeps it there. The first six Polaris subs carry missiles with 1,200 nau tical miles range. The other three now operational carry 1,500-nautical-mile range rock ets and a 2,500-mile version is under development. 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