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
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5 lb. box 6.95
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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...
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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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