nfe iiennium With Surplus of Nearly 2 Million
Dragon I
Electronics Outperform
Most Other Stock Issues
New York - (UPD - Stocks
hold about steady today.
Electronics and a lew other
stocks responding to good
earnings reports outperform
ed the rest of the market. Minneapolis-Honeywell
and Elec
tronic Associates rose about
2 apiece in the electronic sec
tion. Control Data also per
formed weil.v
Rohm & Haas advanced
roughly 11-4 in the chemicals
on higher earnings. However,
' Du Pont and Diamond Alkali
lost a large fraction each.
Steels were weak. Autos were
narrowly mixed.
A few drugs, oils and metals
moved higher but some foods
weakened.
Georgia Pacific , .,. 40
Greyhound 40
GuU Oil 471
Homestake 31 ','4
Idaho Power 34
1. B. m Idd
ini rapcr wa
Johna Manvllle 475
Kennecott Copper 73 Is
DOW JONES AVERAGES
. New York - fUPI) - Dow
Jones final stock avaragat:
30 industrials 699.72. off
2.40; 20 railroads 171.37.
off 1.29; 15 utilities 137.88,
off 0.26, and 65 stocks
252.42, off 1.04. Sales
Wednesday war about 3.94
m 1 1 lion shares compared
with 3 million shares Tuesday.
Wednesdays prlcea on (elected
stocks:
Allied Chemical ...... 4B!i
Alum Co Am B4
American Air Llnei 35
American Can 45
American Motori 17
AT&T 120!,
American Tobacco 28 U
a ...... r-aH uttl
,iiiak.u.iua wuppc
Armco 34fl-i
American Standard ISTs
Bendlx Corp 51-54
Bethlehem Steel 30 .i
Boeing Air .. ..... 33 V
Caterpillar Corp ..... 44 'a
Chrysler Corp . 58 H
Coca Cola : 04
C.B.S - m
Columbia Gas 29,'
Continental Can . 461,
Crown Zellerbach 48
Crucible Steel 2H,
CurtlM Wright 20i
Dow Chemical 37qi
Du Pont 23B1J
Eastman Kodak 108
Firestone ... 33 ',i
Ford 504i
General Dynamlca 24
General Electric 79 M
General Foods H 81
General Motors SOU
General PorUand Cement 20 ',i
Federal Fugitive
Arrested in Medford
A 50-year-old federal fugi
tive was arrested by Medford
police in a downtown motel
early this morning.
Officers took Edwin Ray
mond Miller Into custody
about 2:25 o'clock on a fed
eral warrant charging him
with unlawful flight to avoid
prosecution.
Police reports Indicated
that Miller was wanted in
Texas and Fresno, Calif., on
forgery charges. He was lodg
ed in Jackson county jail,
with bail set at $2,100.
Lockheed Aircraft 52
Martin 10
Merck 93'.5
Montana Power 37
Montfomery Ward 3T,i
National Biscuit SHI
New York Central 21
Mnrthnrn Natural Gas 40'
Nnrthcrn Pacific 45Si
Pa- Gas Elec : 31
Penney. J. C 4 Hi
Santa Fe
(Editor's note: The remalndei
of the stock market list was not
available at press time.)
loco Youth Held
On Molestation Count
A 14.vpar.nlrl Medford boy
woo taken Inln nrotective cus-
today by city police Wednes
day morning and charged
with child molestation.
The youth was lodged in
Juvenile dentention nome at
1e- a fiiv.vpnr.nlri ffirl idenll
find him an the nnp who had
molested her earlier in the
week.
Foreign Briefs
rNGLISH ORCHESTRA LEADER UNCONSCIOUS
Bournemouth. Enaland - UIPli - Orchestra leader George
Malachrino, 54, was reported unconscious at Royal Victoria
un.nlia! (orlav aflar bacomlno ill Wednesday night. The
exact nature of the illness was not disclosed, but his wifa
said ha fall and aggravated a recent back injury.
VESSEL SINKS IN NEWFOUNDLAND HARBOR
Catnlina. Newfoundland - HOT - The motor vessel Wesloy.
iiu sank In Catalina Harbor Wednesday after burning for
nearly 24 hours. Fear of exploding oil tanks kept firefighters
away from the ship. . .
LABOR COLUMNIST ARRIVES IN BUENOS AIRES
Buanos Alres-AIPIi-Labor columnist Victor Riasel arrived
here late Wednesday to begin a five-day visit. He leaves for
Montevideo Monday. Reisel said ha is studying Communist
Infiltration of Latin American labor unions.
JAPANESE JUSTICE TO VISIT UNITED STATES
Tokyo-Wlt-Kliaburo Yokota, chief justice of the Japanese
supreme court, and his wife will leave for -the United States
Aug. 5 to attend the convention of state chief justices in Chi-
cago. ...
DREWS BIG JULY
SMWMR CLEARANCE
Drastic Reductions
on All Men's Summer Weight Suits, Sport Coat
and Slack Ensembles form Drews Regular Stock.
1 f MONDAY
I '"d
1 FRIDAY
V-K NIGHTS
TILL
9
War
Hart, Schaffner & Marx
$85 to $100 . $69 to $79
Griffon and Varsity Town
Were $75 to $85 $59
Curlee and Varsity Town
$60 to $70 $49 $54
War
Young Men's
Natural Shoulder Suits
Wert $39.95 to $50 . $29 to $39
Men's Sport Coats
Check These for large Savings CAQ
War $29 95 to $60 ytf to $19
Unusual Values in Young Men's TERRIFIC
IVY SHIRTS savings
Tha perfect Buy for your
BACK-TO-SCHOOl Needs.
Selections In both long and short
sleeves to fill out the traditional
Ivy Wardrobe.
Regularly from 3.98 to 8.98
Swim Trunks
Beachwear
Sweat Shirts
You'll find a large selection her
lo finish out the summer. Were
$2.98 . $8.98.
maw CQQ ...$199 Sy99
Buy Now - While this Clear
anc it in effect!
You can save many dollars
in this July Special Eventl
sinci lm ,
DREWS Manstore
IN THE MEDFORD SHOPPING CENTER
Tax Collections,
Liquor Revenues
Account for Sum
Salem -MPil- The State of
Oregon ended the 1961-63 bi
ennium with a surplus of
nearly $2 million, State Fi
nance Director Freeman Hol
mer announced today.
The figure is well over $1
million more than expected
when the 1963 legislature
closed up shop early last
month.
Holmer also estimated that
under the new tax program
passed by the 1963 legislature
the state would end the 1963
65 biennium with a $4.9 mil
lion surplus.
Holmer said today thai un
expected increases in corpora
tion excise tax collections and
state liquor revenues last
month were responsible for
the additional $1 million in
the 1001-63 surplus.
The stale ended the bien
nium with $1,943,779.
More Than Expected
Holmer said corporation tax
collections in June were $608,-
000 more than was anticipated
and that the liquor commis
sion raised $437,000 more
than was expected.
Personal and corporation
tax collections for the bien
nium amounted to $233,775,
532, which was $22 million
less than the 1961 legislature
had estimated in preparing
the 1961-63 budget.
However, state spending
was cut from $365 million to
$358 million.
In order to balance the last
biennium's budget the state
also transferred $5.5 million
from the veterans loan sink
ing fund to the general fund.
Liquor sales durine the bi
ennium brought in $3 million
more than was anticipated in
1961 while gift and inherit-
ance taxes produced an added
$4.8 million and interest earn
ings were $1.4 million over
estimates.
Rockefeller Said Out To StOD Possible
GOP Nomination of Goldvater
Editor's note: New York
Gov. Nelson Rocks feller
was reported lo have lost
ground as a potential presi
dential nominee when he
married a divorced woman.
But last Sunday Rockefel
ler let it be known ha was
not consigning himself to
political oblivion when he
attacked the "radical right"
in the Republican party.
The following rtnalysis was
written by a veteran re
porter of New York politics.
By KIRTLAND I. KING
Albany, N. Y. - IUPB - Gov.
Nelson A. Rockefeller is out
to stop Sen. Barry Goldwater,
leading conservative contend
er for the 1864 KepuDiican
presidential nomination.
Rockefeller, an aiae saia,
has known Goldwater many
vears and likes the Arizona
senator personally. He calls
him "mv nana triena Barry
But, he feels Goldwater car-
rips a heavv conservative la
bel that could sink GOP con
gressional candidates next
year.
"What dn vou think would
happen to our congressional
candidates in the East with
Goldwater heading the tick
et?" a Rockefeller associate
asked. "Right here in New
York state he would have a
tough job."
Captive of Right
The governor, himself a
potential White House nomi-
Part of Brown's
Tax Reform Plan
Up in Assembly
Sacramento (UPI) The Cali
fornia Assembly was pre
pared for a test vote today on
a large part of Gov. Edmund
G. Brown's tax reform pro
gram.
On the lower chamber floor
for a Vote that will srnrl (hem
to the governor for his cer
tain, and almost Immediate,
signature, were bills to:
Accelerate collection of the
state's bank and corporation
lax ana eliminate Hie install
ment nrivlleBe nf nnvinir thn
tax after it is due.
Speed collection of the
gross insurance premium tax.
Transfer to the general
fund, the state's cash box,
$500,000 a year from the sur
plus line brokers tax. whirh
now goes into the Insurance
in no.
Would Boost Revenues
Among them, the three bills
would boost state revenues
during the fiscal year that be
gan Jlllv 1 hv SK1R 2 million-
$82.7 million from the bank
ana corporation tax, $22 mil
lion from the insurnnrp Ipw
and the $500,000 from the
uroKers lax.
Delayed temporarily in as
sembly committees were two
other measures in the gover
nors program-a bill to elim
inate Installment payments
for personal income and add
$44.6 million in revenue lo
the state this year and one to
cancel tax liability for lower
income persons, who would
pay $3 or under.
Talent Woman Falls
While Fishing
A Talent woman was re
ported in fair condition today
at Sacred Heart hospital be
ing treated for injuries suf
fered early this morning
when she fell while fishing
near Bybce bridge.
Oregon state police were
notified about 6:45 o'clock
this morning that the woman,
Mine! Wigcns, 68, of route 1,
box 50fl, Talent, had fallen
down the steep bank near
the southeast comer of the
bridsc.
She was taken to the hos
pital by Medford Ambulance
service where she was being
treated for an injured shoul
der and knee.
Youths Warned
Of Cancer Death
From Cigarettes
Portland -IOTD- A million
teen-agers alive today will die
of lung cancer before they
are 70 as a result of cigarette
smoking, Dr. Alton Ochsner
said here Wednesday.
Dr. Ochsner, a surgeon and
emeritus professor of surgery
at Tulane university, is here
to address the Northwest Can
cer Conference which opened
today.
He scored doctors, priests,
parents and teachers for fail
ing to accept their responsibil
ities about cigarette smoking.
; He said the teen-agers would
die in time "from a disease
which is preventable."
'If we said fallout would
kill that many, you can be
sure that something would be
done about it - and done right
now."
Most Frequent Cancer
He said lung cancer was
almost nonexistent 30 years
ago. It Is now the most fre
quent of cancers. He said next
year more people will die of
lung cancer in this country
than from automobile acci
dents.
Dr. Ochsner said he had no
doubts about the evidence
against cigarettes. ,
He said the over-all deatn
rate from all causes is 105
per cent higher among ciga
rette smokers than non-smok-
The death rate from lung
cancer is 800 per cent higher,
he said.
He recommended that
America and Great Britain
curb cigarette advertising of
"manliness, strength and vir
ility," and advertising which
can reach young people.
Subscribers
To rrpori improper of non
delivery of the Mail Tribune in
Med lord, phone ?7im; AJv
Und cU it 418 Bridge at . of
Phone 3-3yi2; Yrk. phone
Victory 3-atflOS before tti pin.
danly and 10 30 am. Sunday.
If regular delivery arrivee
shortly after you call p
notify office, thus el.m.natmf
Rperial rfeenRer service.
Report Shows $7.59
More in County
Jackson county taxing
units ended the fiscal year
June 30, with $7.59 more on
hand than at the start of the
year July 1, 1962.
The annual report complied
by County Treasurer Karl j
Junouch for the county clerk j
showed that the balance on ;
hand is $2,326,103.42. The I
money will be used during
the next several months as ;
county government and var- j
ious taxing units operating :
funds until receipt of the O
and C funds in late fall.
During the year the county :
and all taxing units received :
$18,672,461.05 and disbursed
$16,346,357.63.
Principal sources of income :
were from the U.S. govern
ment (O and C, forest reserve,
Taylor grazing act, and Na
tional Defense Education act)
$2,879,330.08; the stale $1,
145,455.85; and Various coun
ty fines and fees for services
$921,374.28. Taxes collected
during the year totaled $8,
401,862.16. Advertisement
ATHLETt S FOOT GIRM MOW
TO KILL IT IN i DAYS
If not pltstsd with itrsnj, instant
drying T-4-L, yoiir 48c back at any
drut tlora. Watch Inftctea' skin
lough off. Witch htalthy skin re.
place it. Itch and burning are. gene.
TODAY it lif Y Pharmacy, fty
Less Drug Store
nee, said it is likely that if
nominated Goldwater would
become a "captive" of the
"radical right lunatic branch"
trying to gain control of the
GOP.
"They are not going to get
control in this section of the
country," Rockefeller added.
Rockefeller's attack on the
"radical right" was made in
a statement issued by his Al
bany office last Sunday while
he was vacationing at Seal
Harbor, Me.
The statement, the United
Press International learned,
was drafted at a secret meet
ing Rockefeller had with his
top political advisers at Seal
Harbor.
George Hi n m a n, New
York's Republican national
committeeman, spent several
days at the governor's vaca
tion retreat. Many telephone
calls were made.
Rockefeller and Hinman
were joined by other power
ful GOP leaders before the
statement was completed. It
was Rockefeller, however,
who insisted on get tough
wording.
Whether the governor talk
ed with Richard M. Nixon by
telephone is not known but
some considered it significant
the touring former vice presi
dent was able to comment so
quickly. Nixon was reached
in Frankfurt, Germany.
Rockefeller knew in ad
vance his anti-right statement
would be interpreted as an
attack on Goldwater and a
declaration of his own can
didacy.
Regional Edition Page 2A
Medford1Tribune
MEDFORD, OREGON, THURSDAY, JULY 18, 1963
MM
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