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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 8, 1963)
TeaMisters ymooi Beats Government ieaSline fir iondi Chrysler Eases as Stocks Drift Lower : New York-fllPD-Stocks drift ed lower today. - Autos weakened. Chrysler eased on profit taking. ; Steels were narrowly mixed and Du Pont dropped roughly a point in a soft chemical sec tion. IBM, Bcckman and In ternational Telephone weak ened in the electronics. Kern County lost about l'j in the oils. ' ; General Foods and Armour lost around 1 apiece in the food group and Panhandle and Houston Lighting soft ened in the utilities. - Glidden, National Lead, and Polaroid lost 1 or more. " DOW JONES AVERAGES ; New York-lUPIi-Dow Jones i! final stock averages! 30 in dustrials 679.09, off 3.43; 20 ' railroads 150.49, up 0.82; 15 "utilities 138.17, up 0.21; and 65 slocks 240.67. off 0.33. ; Sales Thursday were about "4.24 million shares com "pared with 4.34 million -shares Wednesday. "J Thursday's prices on selected stocks: . mal, Alum Co. Am fln'4 American Air Lines i'f American Can o.s American Motors 31 AT&T lM'i American Tobacco 25)4 Anaconda Copper Armco 53 Benrtix Corn Bethlehem Steel 3'i Boeing Air 39 '4 Brunswick 18 Caterpillar Corp 3l!a Chrysler Corp ' Coca Cola 1' 1 CB S Columbia Gas 27 't Continental Can 4ft-1i Crown Zellcrbach 47'it Crucible Steel IS-1, Curliss WrlRht Ini Dow Chemical DuPont . 241 Eastman Kodak 113'4 Firestone i3Ja Ford 44 ',. General Electric -t - 7R'-i General Fooria - 84;!a General Motors 63' 4 General Portland Cement .... lHftn Greyhound 331 Gulf Oil 43i, Homestake .VPs Idaho Power SSs 1.B.M 410 Int Paper m'i Johns Manville 4Sl4 Kennecott Copper 73' 4 Lockheed Aircralt S3 Martin 21 ;,4 Merck : P..V, Montana Power 3R7. Montgomery Ward .lit 4 National Biscuit 47', Northern Pacitlc 43-'4 Pac Gas Elec 34 V'4 Penney J.C. 41,i( Penn Rn 11 Pcrma Cement IM'j Phillips 49'. Procter & Gamble 74 '.4 BUhtield Oil 43j Saleway ..... 4114 Sania Fe 2au Sears 77'J Shell Oil HI ', Socony Mobil Oil filH. Southern Co .14 14 Southern Pacific Sfl'i, Sperry Rand J.li I Standard California (13'!. Standard Indiana W' Standard N J. HO', Sun Mines 10 Texas Co. ... 61 '4 Texas Gulf Sulfur .. 1.V4 Texas Pac Land Trust Ifl'i Thlokol 27', Trans America 45'. Trans World Air TrI-Continenlal 44 Union Carbide HI!) 'a Union Hacitic '3't United Aircraft 4'J. United Air Lines 34 '4 U.S. Ply wood 48 ', U.S. Rubber 44 '. U.S. Steel ....... 44-4 WestinRhouse 34 4 Younstown 90!. 'f1 VaMTiNes and Party Goods Medtord, Ori. 217 E. Main, 'Fat' Year Said Not Expected in Hotel Industry New York fUPti The light ening of expense account rules by the Internal Revenue serv ice helps shape the attitude of some of today's leading lio telmen toward their business prospects for the coming year. Few Industry leaders, In deed, look for a "fat" year cither for establishing hotels or for chain or independent motels. They are not exces sively gloomy; they merely warn against over-optimism in view of the factors facing the Industry, Chief Dangers A group of executives and financiers reviewed the 106a outlook for the holcl-molcl In dustry in the latest issue of the Hotel Gazelle. Most agreed that chief dangers to the industry as a whole tire over-expansion nnd- inexperi ence, . Among the problems hotel men face, they said, is a con tinuing profit squeeze, stem ming in part from occasional rale cutting which, Ihcy ar gued, benefits none in the in dustry In the long run. Willard E. Docld, president of Knott hotels, said that both the Cuban crisis and "the an nounced threat by the Inter nal ncvemie service to reduce or oliminnle many expense ac count deductions" had an effect on business during the latter hall of lf)(2. Rale Culling Resistance Conrad N. Hilton, president and chairman of die board of Hilton Hotels corporation. said the industry probably would conform lo the trends apparent in 1 0(i2," but pre dicted rale cutting will meet resistance; costs of operating will continue lo rise; infla tionary trends probably will increase sales; further restric tions of "expense account spending" will hurt sales. Over-building, Hilton said, will be curtailed; foreign ex pansion will Increase profits because the "restrictive Unit ed States factors will not ap ply there." Hilton will open four hotels in , the United States and eight abroad. Regional Edition Medford Page 2A Tribune MEDFORD, OREGON, FRIDAY. FEBRUARY 8, 1983 Labor, Management Pressed To Look for Agreement Areas In Workmen's Compensation Salem-iUPIi-A stale senator sharply pressed labor and management here Thursday to look for their areas of agree ment in the field of work men's compensation. But the two sides indicated they have a long way to come together before agreeing on how to rewrite Oregon's 50-year-old law. At Issue is in surance for Oregon workers Injured on the job that amounts lo some $30 million. William Moshofsky of As sociated Oregon Industries and James Marr of the Oregon AFL-CIO opened testimony on workmen's compensation before the Senate Labor and Industries Committee. The committee chairman is Sen. Waller Pearson, -ID-Portland) whose "three-way" bill to let private insurance into the field failed in 1061 after a bitter struggle. Sen. Ted Hallock (D-Port- land), a committee member, turned to Marr at the close of remarks by both men and questioned him on areas of agreement. He found these; Injury coverage should be extended to all workers' the changes. eliminating negligence suits as a by-product. The State Industrial Ac cident commission which sets rates,' pays claims, re views them, issues safety reg ulations and polices them should be relieved of some of its tasks. There agreements at the first hearing ended. Moshofsky said the basic de fect of the present system is that t is a state monopoly. "The stimulation of a compet itive system is needed," he said. Marr declined even to com ment on what labor fears most: The takeover of work men's compensation by pri vate insurance. He did say that benefits should be im proved. 'Business With Heart' Moshofsky described the ac cident commission as "a busi ness" and said it should be run like one. Marr called it "a business with a heart." The two sides agree that changes in the SIAC are needed, but they differ on rot eign Briefs BUENOS AIRES NEWSPAPER EDITION SEIZED Buenos Aires ill'll-Police confiscated Thursday's edition of the newspaper March 18, charging thai it was "disseminating propaganda favorable lo Ex-Dictator Juan D. Poron." The action was the first announced application of a new decree cracking down on "subversives, extremists and zeal ous Peromsts. March IS is edited by Mario Vulloita, former publisher of the newspaper Diario. SPANISH AIRLINE TO RESUME SERVICE Madrid-ilini-Iberia Airlines will resume its regular pas sengor service between Havana and Madris Saturday, ac cording to a spokesman for the Spanish airline here, Iberia's llights were suspendod last December during the Cuban crisis at the request of the Fidel Castro government. FISH TO IMPROVE DIETS PROPOSED Goneva-lUI'll-American scientists Thursday outlined plans lo use ihe world's harvest of fish to improve the diet of millions of people in underdeveloped countries. In a report preseniod to the United Nations tochnical and scientific conference, ihe scientists said protein concen trates could be used to improve the diets. GREEK SCHOOL TEACHERS ORDERED BACK Athens, Groece-llll'll-The governmenl Thursday ordorod 32,000 striking school teachers back lo work under a "po litical mobilization" decree. Greek law permits military court action if there are violations of the order. CHURCHILL ATTENDS 'OTHER CLUB' DINNER London-ilil'luSir Winston Churchill braved London's cold, damp air Thursday night to attend a dinner meeting of the distinguished "Other club." See The Full Studebaker Line B 3 SSfiSP w '53? teal' B .djiaaam ... ..--""Al I c?B - 1078 Court Street, Medford Phone 773-4543 Moshofsky said shortcom ings in the present system in elude lack of coverage, poor safety programs, poor claims nandling and review, a con flict of functions and weak employer-employee relations- He said private firms write workmen's compensation in 43 of the 50 states, and in 33 of these there is no state com pany. The committee will be con sidering two bills. One, en dorsed by management, is the "competitive" bill. The other, tentatively endorsed by labor. was recommended by the gov ernor s advisory committee and is being drafted Other Highlights Labor relations - House La bor and Industry Committee hearings were begun on Gov. Mark Hatfield s proposed vol unlary fact-finding and labor- management conciliation com mittee. The AFL-CIO opposed the idea, while the Teamsters said it favored it. Constitution - Former Gov nooert Holmes said a new constitution should strength' en each of the three branches of government to make de mocracy more effective by pinpointing responsibility. Liquor License - The Sen ale State and Federal Affairs Committee approved elimina tion of liquor permit fees, and returned the bill to the Sen ate for action. 'Bossism Deal' In California Politics Noted Sacramento (UPD A Repub lican legislative leader charg ed today that Democrats were trying to push a "bossism" package" through the 1963 legislature. Assemblyman Don MuKord (R-Oakland) repeated the GOP's recent claim that the ultimate objective was to bring "Tammany Hall - type politics into California." Mulford, the assembly Re publican caucus chairman, cit ed four legislative proposals by Democrats: A proposal by Assembly man Phillip Burton (D-San Francisco) to make superviso rial elections partisan. Bills introduced by As semblymen John Knox ID Richmond) and Nicholas Pet ris (D-Oakland) and a Senate Joint resolution offered by Sen. Albert Rodda (D-Sacra-mento) to remove restrictions on political activities by civil servants. Petris' "Ho - it . yourself" voter registration bill. A proposed constitutional amendment by Assemblyman Alfred Song (D Monterey Park to abolish the literacy requirement for voting entire ly. Mulford said the four pro posals were "inspired bv tiure ly partisan motives to legis late the Republican party out of business. Obligations Under Landrum-Griffin Act Declared Met . Washington - (UPD - The i Teamsters Union said today j it has reached an 11th hour I agreement for bonding which will allow union President James R. Hoffa and other in- ! ternational officers to con- ! tinue writing checks. ! The giant union had been under a noon deadline to ob tain bonding for Hoffa and other officers to comply with provision of the Landrum Griffin Labor Law. Hoffa recently complained to the House Labor commit tee that the Justice and La bor departments were trying to block the teamsters from obtaining the bonds in an ef fort to force them out of busi ness. He said teamsters offi cials would be unable to write checks unless the bond ing was obtained before the deadline. Both the Labor and Justice departments emphatically de nied that they had exerted any pressure to withold bonds from the Teamsters. Government Satisfied A Labor department spokes man indicated today that the government was satisfied that the teamsters had met their obligations under the Land rum - Griffin Act. "The teamsters say they have bonding and the bond ing company says it will fur nish the bonds needed," a spokesman said. "We have no reason to doubt them." A Justice department spokesman said it was the Labor department s responsi bility to enforce the Landrum Griffin Law and "we would not be involved unless we got a complaint from Labor that the law was being violated." The teamsters said the bonding was obtained from the United Bonding Insurance Co. of Indianapolis, Ind. The Los Angeles metropoli- than 876,768 occupied homes : the Los Angeles Chamber of tan area can account for more or apartments, according to I Commerce. Funnel Cloud Is Reported in Area A funnel cloud was sight ed over the mountains to the southeast and east of Med ford early this morning but dissipated rapidly, the Med ford station of the U.S. weath er bureau reported. The cloud was first seen southeast of the station in the cloudy but moon-brightened sky about 1:42 o'clock this morning. Thirty-five minutes later, at 2:17 a.m., it was lo the east and dissipating. The weather bureau noted sustained winds up to 18 miles per hour this morning, with gusts up lo 28 mph, but point ed out that they could have been stronger in other parts of the valley. Winds whipped warm air down into the area of the weather station at the air port this morning and early morning high temperature was higher than yesterday's maximum. The weather bu reau had a high reading of 65 degrees about 4 o'clock this mnrning Thursdsy's maxi mum was 56. The mercury rose after a morning low of 52 degrees. Lowest yesterday evening was 45. Ashland had a balmy 66 degree high yesterday com pared to Medford's 56. Ash land's low this morning was 56. Area of the Panama canal zone is 475 square miles. - Forty - one per cent help "once or twice a week," and Ihe remainder of the male j kitchen holpcrs assist only on special occasions. Dennis the Menace ...AH' APTER 1 GET THREE AOff Dunham's Big Clothing CUD: Continues This Wee! Up to 170 OFF on Clothing Items Reg. $1.19 BOOT SOCKS TO CLOSE Good NOTICE CLOTHING SHOESiZES Are Not Complets Come in and Check Them "32" DRESS SOCKS Good Range of Sizes Buy Several at- This Price Cotton T-Shirts lik H Close CLOSEOUT 1 I Regular $1.20 Good Range Sites Good Range of Sizes 49c JOCKEY-TYPE SHORTS 49c Reg. $1.20 TO CLOSE .. Entire Stock 50 Men, Boys, Women, Girls Tots OFF fr kMen & Boy's Tennis Shoes lllw CLOSE 50 Off - l! !!!!!,!. i! ! ' i tri'iiili Ml 111!. TIRED WATER? An out-dated water system is annoying and often wasteful. Maybe we can help you save money-ar.d your nerves. At least we can give you a . . . FREE GIFT! Fill outthis"watercensus"cardand bring it in to us. Do it now! You'll get a valuable free gift, with no strings attached. Honest! And if you twist our arm, maybe we'll show you a real, red-hot bargain. (SJf Efilll! P-"! et.jB.ii - inn h M At Vk fi Iff Us 35 Owner's Nama Phone Address Town Sjaje i.l?!l?.f?.jP.iyourJamilY whC" present pump installed? How many now?' k Do you have enough water and pre$$ur to: Use lawn sprinklers? Cycle your washer properly? Protect against fire? Does your water have a bad taste? Bad odor? Would your water well, (of source) supply more water? is the noise of your pump a nuisance to you? Vhenwas your pump last serviced? Pump Data: Name of Manufacturer Mode! A?prpy. A;;e at Pump Type ef Pump: Jet 'J Rubers ihin n P'stnn r Otcr H P. R;inr YOUR FAIRBANKS. MORSE DEALER... DUNHAA Open Evenings and Sundays AT THE BIG Y SHOPPING CENTER INC. PHONE 772-0008 PLHNTY FREE PARKING SHOES, I'M 60NNA S UP FOR A HOR$! 7U
