Medford mail tribune., May 01, 1963, Image 2

Stocks Make New Highs
Despite Final Hour Selling
New York-fliPD-StockS back
tracked from their highs in
the final hour today but man
aged to make new 1963 highs.
Among the heavywetgnts,
General Electric rose more
than a point and American
Telephone showed good frae
tional strength,
Chrysler showed the big'
gcst gain in a firm motors
section. Steels were held in
check and U.S. Steel eased
after : reporting the lowest
first quarter earnings in IS
years. A majority of the lead'
ing chemicals, international
oils and rails made fractional
progress.
DOW JONES AVERAGES
New Yttk - JFU - Dow
Jones final stock averages:
30 industrials 719.67. up
1.87; 20 railroads 164.28, up
0.S0) 16 utilities 136.67, off
0.27, and 66 stacks 254.40.
up 0.45. Sales Wednesday
Local Firm Buys
Timber from FS
Medford Timber company,
Medford, was lone bidder this
week for 7,150,000 board feet
of national forest timber in
the Cold Springs Blowdown
area, Prospect Ranger district,
Rogue River National forest.
Forest Supervisor C. E,
Brown reported the bid
totaled $70,357.30, the forest
service appraised price.
The timber in the unit con
sisted of 6,240,000 board feet
of Shasta red fir bid at $10.20
per thousand board feet and
910,000 board feet of white
fir and other species bid at
$0.25 per thousand board feet.
In another . sale, Medford
Corporation was high hidder
for, 5,060,000 board feet of
umDer in me west soum t orn
area, Butte Falls Ranger dis
trict. Rogue River National
forest.
Brown said the high bid
totaled $69,250.50, compared
to the appraised price of $64,
736.50, an Increase of 7 per
cent.
Next high bidder in the oral
auction for the timber was
Steve O. Wilson of White City.
Other bidder was Kogap Man
ufacturing company.
The timber in the unit con
sisted of 1,670,000 board feet
of Douglas-fir bid at $14.70
per thousand board feet; 1,
480,000 board feet of ponder
osa pine, western white pine,
sugar pine, and Jeffrey pine
bid at $14,25 per thousand
board feet, and ' 1,710,000
board feet of white fir and
other species bid at $7.50 per
thousand.
ware about 5.08 million
shares compared with 4.68
million shares Tuesday.
' Wednesday price on selected
sloe :
Allied Chemical .. 30
Alum Co Am 58-,
American Air Lines 23;.
American Can 44 !
American Motors 20
AT&T t2Sts
American Tobacco 22
Anaconda Copper ... 47 Vt
Armco - 53!
American Standard , 15 ;k
Bendlx Corp 53!.
Bethlehem Btcel (xdl 31 1,
Boeing Air 37 U
Brunswick ., ..... 15-;e
Caterpillar Corp - S7'i
Chrysler Corp 100
Coca Cola 3
C.B.S - 93!,
Columbia Gas 211
Continental Can ..... 44
Crown Zellerliach 35-!i
Crucible Steel 201,
Curtlss Wright 21
Dow Chemical M'i
Du Pont 2MV,
Eastman Kodak 117
Firestone 37 '.i
fort 40
Ceneral Electric 80 ',
General Foods 81 '.a
General Motors HSi
General Portland Cement 22 '4
Georgia Pacillc 81 ',i
Greynound - 43
Gull Oil , 48 'l
Homestake 48
Idaho Power 38
I.B.M 485
Int Psner 32
Johns Manvllle , 484a
Kennecott copper 7B?i
Lockheed Aircraft 58
Martin 19
Merck 80
Montana Powr 37 !S
Montgomery Ward 3rij
National Biscuit 40
New York Central 18',
Northern Natural Gaa 53 (,
Northern Pacillc ., 46
Pnc Gas Eiec .. 33-'
Penney J. C 48 'i
Penn P.R 15-,.
Perma Cement :,. 15 'i
Phillips .u 54',
Radio Cornoratlon ' ! 6';,
nlchtlcld Oil 43 !,
Sateway , 57
Santa Fe ....... 28'.,
Scare 83
Shell Oil
Socony Mobil Oil (xd) .....
Souths Co. .
Southern Pacific
S?rry Rand .
Standard California
Standard Indiana
Standard N. J
Stokely Van Camp
Sun Mines -
Texas Co
Texss Gulf Sulfur
Texss Pacific Land Trust .
Thlokoi
Trans America
Trans World fir
TrI-ContlnenUI
Union Carbide (xd)
Union Pacific
United Aircraft
United Air Lines
U.S. Plywood
U.S. Rubber ..
U.S. Steel
United Utilities
West Bank Coip
Westinghouse Ixd)
.... 4114
.... 87
.... 55 Vt
.... 33 'a
.... 13 'i
... 87 'i
.... 69
87',
.... 18',
.... ',k
.... 15J
.... 19',,
.... 28
.... 53
15
.... 46
....110'.,
19 i
.... 40
.... 39
. 56
.... 40!s
.... 40
.... 30
.... 38 'J
.... 33
Play Scheduled by
Talent Students
Talent-A three act mystery
comedy, "Finders Creepers,"
will be presented by the Tal
ent Junior High school stu
dent body at 7:30 p.m. Thurs
day, May 2, in the Talent
Grade school gymnasium.
The story is woven about
the experiences of two teen
aged boys, who are invited to
a week end with an uncle,
who is, unknown to them, an
undertaker.
Included ' In the cast are
Bob Clark, Mike Burrell, Sam
James, Mary Johnson, Trudy
Stone, Becky Bertrand, Robyn
Goodrich, Bill Bagley, Liz
Beebc, Mike Sweeny, Marcia
McGeary, Richard Cole,
Claude Campbell, and Laurel
Unruh. .
Foreign Briefs
SEVEN KILLED IN PLANE CRASH
Tokyo-I1PI-A small commercial aircraft belonging to Nitto
Air lines crashed today on an island in Japan's Inland Sta,
about 250 miles southwest of Tokyo. '
Nltto officials told United Prats International the single
engine Otter aircraft carried 11 persons. Seven were re
ported killed. Two were Injured and two missing.
CHURCHILL'S DAUGHTER FINED FOR CONDUCT
London-iUPIuSarah Churchill, 48-year-old actress daughter
of Sir Winston Churchill, was fined $5,60 today for being
drunk and disorderly.
Wearing a fawn raincoat and pink headscarf. Miss Chur
chill pleaded guilty and said, "I am very sorry." The court
was told Miss Churchill list was convicted for a similar
offense In August, 1961.
REDS OPERATE STATION AT POLE
Moscow-iUPII-A Soviet floating scientific station known
as "North Pole 12 ' has gone Into operation In the Polar
region, according to the official Soviet news agency Tass.
Tass said the first call signals and the first scientific in
formation has been radioed from the station.
EXILED LEADERS SCHEDULE MEETING
Paris-IIIITJ-Leaders-in-exile from nine eastern European
countries will meet for three days at Strasbourg with
parliamentarians from western Europe beginning Sunday, the
Assembly of European Captive Nations announced.
NOW YOUR SAVINGS
AT FIRST FEDERAL!
Earnings INCREASED to
nnum
For tht Period Ending June 30th, 1953
. ' START A SAVINGS ACCOUNT NOW
INSURED SAVINGS!
First Federal accounts are INSURED AGAINST LOSS OF
ANY KIND UP TO $10,000.00 through the Federal Sav
ings t loan Insurance Corporation, an agency of the
United States Government. Your savings STAY AT HOMf
-help (o BUILD YOUR COMMUNITY. Should you need
your savings at any time, they're here for you, at this
home-owned and managed Institution.
and LOAN ASSOCIATION of MEDFORD
201 W. 6th Street, Medford, Oregon
Robert F. Kyle, Manager
Bill to Permit Broadcast of
Legal Notices Clears Senate
mm :(x'Mc- v '
Mm
FOR DEAR OLD MILLS - Mills College student Suzanne
Smith, 20, of Enumclaw, Wash., gets an unexpected foot
rub from "Effie" while aboard the elephant at Knowland
State Park in Oakland, Calif. Complete with sari and grit,
Suzanne boarded the pachyderm to serve her apprentice
ship as mahout (rider) for the second annual Elephant Rac
ing Meet at Los Alamitos race track May 10. Miss Smith
was chosen by fellow students as mahout because as a visitor
to India last July she had a ride aboard the Maharaja of
Mysore's prize bull elephant. (UPI)
Salem - (UPI) - The Oregon
broadcasting industry scored a
major victory Tuesday with
passage of a bill that would
permit radio and television
stations to broadcast legal no
tices.
The Senate bill-which deals
with the formation of port dis-
tncts-now goes to the House.
The measure contains an
amendment which makes it
permissible to give public no
tice on one or more radio or
television stations serving the
area."
The broadcast notice would
be in addition to regular pub
lication in a newspaper of gen
eral circulation.
Medford Man Hurt
In One-Car Mishap
Robert Alfred Wiegand, 45,
of 1300 East Main St., Med
ford, was reported in critical
condition at Rogue Valley
hospital this morning follow
ing a one - car accident last
night at the intersection of
Roxy Ann and Hillcrest rds.
Wiegand is being treated for
arm injuries, fractured back
and ribs and head lacerations,
hospital attendants reported.
State police said the car
failed ' to negotiate a curve,
went over a bank, through a
fence and stopped near a tree
where the car tipped onto its
side. , . I
Sen. Glen Stadier (D-Eu-gene)
a radio station execu
tive, said it was the first Ore
gon legislation to enable
broadcasting of public notices.
He said he already has
asked the Legislative Counsel
committee to make an interim
study and prepare a bill for
Influence Peddling
Measure Approved
Salem -(UPD- A measure in
tended to discourage legisla
tors from getting jobs for
friends at the state's race
tracks was approved Tuesday
by the senate committee on
state and federal affairs.
The measure is a policy
statement against legislators
giving endorsements for race
back jobs.
It says nothing about legis
lators themselves working at
race tracks, a- situation that
sparked some heated words
earlier in the session.
the 1065 session to add the
"permissive" clause to all
state laws where public no
tice is required.
Historically, such notices
are published in newspapers.
Washington Has Law
Karl J. Nestvold, Eugene,
manager of the Oregon Asso
ciation of Broadcasters, said
"Washington state has used
broadcast notice for several
years, and has a provision that
the state can use newspapers,
radio or television to publi.
cize constitutional amend
ments."
Neither Nestvold nor Stad.
ler knew of any other state
which authorized broadcast
ing of legal notices.
Stadier said election and
similar notices can "very ben
eficially" be broadcast, and
suggested many people do not
take the time to read "the
small type" in newspaper le
gal advertisements.
Make Mandatory
He said "at first we want
to make broadcasting permis
sive, and after several years
may attempt to make it man
datory." Stadier said the idea was
first suggested at an Oregon
Association of Broadcaster
meeting last November. i
"We tried to add .he per
missive feature to several bills'
. . . but had to wait for a bill
that could include the feature
without conflicting wifh othef
statutes," he said.
Rogue Valley Edition
Medford
Gas Tax Bill Dies J
In House Committee
Salem -0JP1I- A bill to in.
crease the state gasoline tax'
from six to seven cents a gal
lon was killed Tuesday by tho
House Highways committeer
5-4.
Its supporters had urged US
passage to help finance extra
work on "have-not" highways.
Opponents included some leg."
islators who are unhappy over
the way the State Highway
commission spends its money;
Page 2A
Tribune
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