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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 16, 1963)
Bond Issues Requested for Improving Two State Highways Stock Prices Turn Mixed Following Firm Early Start New York - IUPD - Stocks turned mixed after a firm tart today. Most ateels and auto (hares showed fractional losses while International oils remained ateady and chemicals scram bled featuring Ou Pont with a gain of l'-s, and Union Car bide with a loss of 14. Aircraits managed selective atrength paced by Douglas and Boeing up more than a point. Rails and utility shares held their ground, tobaccos were firm and metals steady. Wool worth shed a point in the stores but most others in that group along with drugs and foods were narrow. Polaroid and u. S. Smelting tumbled more than 2 points in the general list while Gulf Oil buckled nearly 2. DOW JONES AVERAGES New York - UPll - Dow Jonas final stock averages: 30 industrials 711.38, up 2.93; 20 railroads 167.93, up 1.08; 15 utilities 137.80, up 0.02. and 68 stocks 280.18. up 0.99. Sales Monday were about 5.93 million shares compared to 5.25 million shares Thursday. Penney Pcnn RR 15Ji PcrniH Cement 1 i Phillip 52', Procter & Gamble 79 '4 Radio Corporation 62J I Richfield Oil 47'., I Safeway 55- Santa Fe 27 '.4 73 YEARS OF SAFETY A W and Hjj sound money I management I ll MDFOtO- 5 M NW tff.-.f Cm. I 770-1 221 Monday's price on selected it locks: Allied Chemical 47'i Alum Co Am 35fj American Air Unci 20t American Can 4(1 American Motara 20 AT&T 123', American Tobacco ... Anaconda copper . Armco American Standard . Henri) x Corp Bethlehem Steel Boeing Air Brnniwlck Caterpillar Corp Chryaler Corp Coca Cola , CBS Columbia Gaa Continental Can Crown Zetlerbach Crucible Steel Curliia Wright Dow Chemical Du Pont Caatman Kodak 114 rlreatone 33l Ford 4B General Electric 77 General Foods 82 General Motors K8 General Portland Cement 20(: Georcla Pacific .12 l! Greyhound 40 cuir ou Homentake 47',; Idaho Power Ml I.B.M 448 Int Paper 32 Johns Manvllle 4H; Kennecott Copper 73 Lockheed Aircraft 81 i Martin 3011 Merck 87 Montana Power Montgomery Ward National Biscuit New York Central Northern Natural Gas 40 Northern Pacific 44 Pac. Gaa Elec 33 37a mi .. 32 . 33, 38 a. 7 3 Ma .100 04 .. 32 V, 261 83 ' 2303 Shell Oil Socony Mobil CHI Southern Co Southern Pacific I Sperry Rand Manflarrt California Standard Indiana Standard N. J Stokeley Van Camp Sun Minea Texai Co. . Texas Gulf Sulfur Texas Pacific Land Trust Thiokol Tranri America 48' Tthha World Air 14 Tri-Continental 47 Union Carbide 110 m Union Pacific 38 United Aircraft 48 United Air Lines 38 U.S. Plywood 38 U S. Rubber 46 U.S. Sleel 52 West Bank Corp 40 Westlnghouse 33 Youngstown 101 . i4 J2 13 88 3fl . 67 . lit 0i, 69 14 . 20 27 38 37', 48 17 Graveside Rites Held for Fowler Bend - HOT - A graveside service was held today for Henry Nash Fowler, an Ore gon newspaper figure since 1916. Fowler died Saturday of cancer at the age of 73. He was a former co-owner of the Bend Bulletin, presi dent of the Oregon Newspaper Publishers association, and a director of Oregon Tax Re search. Fowler wns a member of the first class in Journalism graduated from the University of Oregon. Regional Edition Page 2A MEDFORDsjITRIBUNE MEDFORD, OREGON, TUESDAY, APRIL 16, 1963 jmf Vs ir L (T YV sir in tiiinRw': 0 01 aHlaaaa'J'T'T -. . J t4MHI . -.. - - ..... .. . -,. One you unkssh thts ttnky Comtt Sportsttr. use A f to stop 9nythig, vn pas (stHom t thtt a). 7A umi goes for our le u f7 convtr taVes, waprxu or herdtopt. Jhet by ntw 260 V-8 mtkes them '7 rVy tjwei nd eeger to pais enyttwg f, tsttvfnts mctuotV. COMET M MEDFORD MOTORS, Inc. Highways 30r 20 Topics of Appeal To Help Economy Salem - IUPD - Requests lor bond issues to finance im provements to two Oregon highways were made Monday before the Senate Highway committee. One group proposed a S3 million highway bond issue to pay for r c c o n struction of parts of highway 30 between Portland and Astoria. Another delegation sought a $17 million bond program for Highway 20 from Corval- lis to Newport. Both termed the improve' ments necessary to stimulate lagging economy. Fee Increase Favored The Highway 20 delegation favored an increase in license fees, and a 1-cent a gallon gasoline tax hike. Spokesmen for the High way 30 improvement includ ed Fred Foshaug, St. Helens, who said the present road was dangerous. Clatskanie publisher Art Steele said Clatsop and Co lumbia counties were econo mically distressed. "The tour ist business is all we have left," he said. But Steele said he opposed Issuing bonds to finance the improvements. Bridge Eyed Sen. Daniel Thiel (D-Asto-rla) said completion of the As toria bridge will "open up Northwest Oregon," and make highway improvements necessary. The need for improvements to help the Lincoln county area improve its economic situation was strongly argued by the Highway 20 delega tion. Capitol Journal Reporter William Bebout, who recently authored a series of articles on Lincoln county's economic potential, said "lack of trans portation was a critical obstacle." Feels Ignored He said the area fecis it has been ignored, and now wants its fair share of high way improvements. Dr. Kenneth Patterson, Oregon State university, pre pared a study for the delega tion showing it would cost $17 million to finance the work through a bonding pro gram, and $11.3 million if the work were financed all at once from current highway department revenues. The highway commission has repeatedly stated it docs not have the mony to rebuild the roadway. The commission also is opposed to bond financing. Foreign Briefs JAPANESE BOMB VICTIM TO JOIN IN APPEAL Tokyo-lPI-A Japanese woman, her body scarred from the wartime atomic bombing of Hiroshima, left today to pre sent a ban-the-bomb appeal to Pope John XXIII from Japan's atomic bomb survivors. Miss Yoko Morimoto, 34, a librarian at Hiroshima Wom en's college, will stop in New York where she will join 29 other women being sent to Rome by the Women's Inter national Strike for Peace. MEXICANS MOB COMMUNIST YOUTHS Sabinas Hidalgo. Mexico-1 1'l Angry townsfolk mobbed about 500 Communists who raised the Russian flag here during a week end "Youth Congress." it was reported today. A dosen Reds were beaten up. RUSSIANS TO USE ELECTRICITY FROM MOON Moscow-IM -Electricity generated on the moon will be used by Soviet space ships and housewives of the future. Radio Moscow said Monday night. PRINCESS ANNE VISITING IN GERMANY Frankfurt, Germany-1 1'l-Briiain's Prince Philip flew his 12-year-old daughter Princess Anne here from London today for a four-day private visit with German relatives. SYRIAN ARCHBISHOPs7lOTBY GUNMEN Damascus. Syria-IPI-Four unknown gunmen Monday night shot Archbishop Shawarsh Keomejian of the Armenian Orthodox church in Syria, and a government hospital spokes man said today he was still in "critical condition." Compensation Bill Receives Approval Restrictions on Convict Labor Use Said Expensive Salem - uiri - Restricting the use of convict labor could cost the state's general fund $1 .5 million next blennium, the Senate Public Buildings and Institutions committee was advised Monday night. Sen. Edward Fadclcy (D Eugene) is author of a bill which would prohibit a con vict from working outside the institution where he is con fined. He said it was designed to establish a "policy" on the use of convict labor and clear up conflicting statutes now on the books. Supported by Labor Nick Peet, secretary of the Board of Control, said at present 150 convicts are now doing work for other state institutions. Organized labor supported Fadeley's bill. AFL-CIO Political Director George Brown said organized labor did not believe convicts should compete with free la- DOT In major building proj ects. Labor's suit to halt use of prison labor at a new wom en's prison w a recently thrown out of court. Brown said organized labor ; was "ready, willing and able! to work With the Board Of Control to sec that prisoners ! can have an opportunity for I employment ;ifter release.'' Son. Harry Boivin (D-Klain-ath Kails) suggested an ap-1 prentice ship program be established at correctional in stitutions. Brown said he could See no objection to such a pro gram. The committee took no ac tion on Kadeley s bill. Salem - (UPD - A three-way workmen's compensation bill was approved Monday night by the Senate Labor and In dustries Committee. Sen. Don Willner (D-Lake Oswego) and Sen. Alice Cor- bett (D-Portland) voted against the measure. Willner an nounced he would file a mi nority report. The much - amended bill would allow direct responsi bility employers to file a bond or surety provided by private insurance carrier to guarantee compensation payments. The right to jury trial was retained in the bill. The com mittee also voted to allow an employer to appeal a case only if the employee appeals, except in cases where there is a legal question as to whether the employee was included within coverage of the law. The bill also would increase compensation benefits an av erage of 17.7 per cent over the present amount. BARGE RETURNED Long Beach, Calif. (UPP Three Long Beach policemen chugged up to the aircraft carried USS Hornet Monday in Rear Adm. G. R. Luker's barge. "Where do you want us to park this thing?" one of the officers shouted to an aston ished duty officer who didn't even know the craft was miss ing. It had been found bang ing against a dock by the policemen. Chtcago-flJPD-OUl pickle ice cream will be served official ly for the first time at a meet ing of the National Pickle Packers association next Thursday in Palo Alto, Calif. "It was bound to come," said William R. Moore, secretary-treasurer of the association. 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Initial cost compares favorably with traditional (and out-moded) central heating and cooling systems. AND THERE ARE MORE! Investigate thoroughly before you decide. 225 South Riverside c CONCERT SCHEDULED Ashland "The Mississip pians." a noted Negro quar tet, will present a concert at In n in. on Wednesday. April j 1? in Britt ballroom at South ern Oregon college. The quar tet often referred to as the Jubilee Singers, are masters of Negro spirituals. Towns-1 people are invited to attend i the ajsembly without cearge. I BEAVER ELECTRIC & PLUMBING SUPPLY 773-4549 BROOKS ELECTRIC 772-5209 COURT STREET ELECTRIC 535-4135 ELECTRONIC SERVICE 773-1971 ENLOE ELECTRIC 535-1269 FELDMAN ft OLSON ELECTRIC 773-7751 HARRISON ELECTRIC 664-2091 MODERN PLUMBING (Heat Pump) 773-5368 NORPAC SUPPLY 773-4645 ROGUE ELECTRIC COMPANY 772-6603 RUSH ELECTRIC COMPANY 772-4960 TROWBRIDGE ELECTRIC 773-6241
