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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 18, 1963)
Recession Possibly lurking in Nation's Economic Future Late Profit Taking Whittles Gains NEW YORK (UPI) Late profit taking whittled down most of the market's early gain today and stocks closed steady. A number of issues improved on higher earnings including Olin Mathieson, Reynolds Tobac co, Upjohn, Consolidation Coal, Haveg and Texas Instruments. Dr. Pepper improved in higher earnings and a dividend in crease. Xerox, which reported record third quarter earnings, moved up sharply. DOW JONES AVERAGES NEW YORK (UPI) Dow Jones final stock averages: 30 Industrials 750.60, off 0.17; 20 railroads 172.17, up 0.57; 15 utilities 138.65, up 0.17, and 65 stocks 263.31, up 0.22. Sales Friday were about 5.83 mil lion shares compared with 6.79 million shares Thursday. Friday's prices on selected stocks: Allied Chemical 1)3 U Alum Co Am 69V. American Air Lines 2IM American Can 4rV. American Motors 21 U AT&T 130 American Tobacco . 2BU Baylor Watchman, what of the night? Just as his employer de pends upon him, so docs he depend upon his Bay lor watch lo make his rounds on time. Thai's why he chose a Baylor. He knew it was a thoroughly reliable qual ity watch with a quality 17-jcwcl Swiss move ment. And at a reason able price. Accuracy . . . dependability . . . long life ... all these arc in tegral parts of any of the good looking watches made by Baylor. Baylor Man's 17-jcwcl Baylor Pre mier it fully automatic,., shock and water-resistant case. Speidcl Twist'O-flex band, In gold- tone or all PIUS tJY 'uhrn t.n .nd rryifs .n tnt.rt' 2ISE. Main Ph. 779-1 331 an .. as .. 17 .. .10 1, j .. .1:1 . 34 .. lli . 43i 8.1 t .104 "4 .. .. 201, . 4.1 !i . 53 .. 23V. .. 20 1 .. .10 'j 241) Ca II3, .. 30 'i . 53 .. 701 22', .. .141.', . .13 l . 4B, .. 4H .. 47'.', .. .13 'i 4043, .. 3.1 .. 4BS, .. 77t .. 3.1 i . inJ, ..1021. .. 3S',a .3" .. .101.1 .. 2I'. .. .13', .. 4fi . 31 .. 44?ii .. I"". .. ld',4 .. 4.1 .. H '. .. (I0i .. 44 . 7"i . S.1 .. 34 .. 1B .. M'i . fi3 . 70 .. 20 . 10 .. H7 .. 17 . 21 .. 203, .. 51 2 . 47 ..inns, .. 30 3, . 42 . 3 .. "2 .. '" . .1.1 .. 40 .. 42 30 .127 Highway Money in General Fund Urged SALEM (UHI) A constitu tional change to allow all high way revenues to be placed in the general fund was proposed Thursday by Rep. Beulah Hand, u-muwauKie. The Drnnnsal will h cnhmii. ted to the special legislative session Nov. 11. At Present casnline lav mnn. les and hichwav user tnv r. ceipts must be spent on high way or related projects. Mrs. Hand said "It's riHint. lous for Orceon to be Ipnrlinn the nation in the miles of free way completed when we are short of money to operate our schools and institutions." Guilt Declared In Slaying Trial YAKIMA (UPI) - Rillv .Inn Hodges, 32, Grandview, was lounti guilty ot second degree murder hv a Sniwini- rmtrt jury here Thursday for the slay ing ot a transient last Aug. 26 near Grandview. HodCPS had hepn rhni-nnH with first degree murder for the slaying of Leo Lewis, 54, San Diego, Calif. Testimonv in the trial hrnuohi out the fact that Hodges and Lewis had been drinking to gether Drior to the slnvintr Sheriff's officers said Hodges admitted choking Lewis after the latter had criticized his driving. MISTRIAL DECLARED RAKER IIIP1 1 rir-iiil .liirln Lyle Wolff declared a mistrial Thursday in the second degree muruer tnai 01 nonet ueorgc Dotson, 50, Sumpter. Anaconda Copper Armco American Standard Bendix Corps Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola CBS Columbia Gas Continental Can Crown Zellerhach Crucible Steel Curtlsa Wright Dow Chemical Du Pont Eastman Kodak Firestone ... Ford General Dynamics - General Electric General Foods General Motors General Portland Cement Georgia Paclllc Great Northern Railway . Greyhound Gulf Oil Homestake Idaho Power I.B.M Int Paper Johns Manvllle Kennecott Copper Lockheed Aircraft Martin Merck Montana Power Montgomery Ward National Biscuit New York Centra Northern Natural Gas Northern Pacific Pac Gas Elec Penney J. C Penn RR . .. Permanente Cement Phillips Radio Corporation Richfield Oil Safeway Sears Shell Oil Socony Mobil oil - Southern Co Southern Pacific Sperry Rand Standard California . Standard Indiana Standard N. J Stokelv Van Camp Sun Mines Texas Co. Texas Gulf Sulfur . Texas Pacific Land Trust Thlokol Trans America Trans World Air Tri-Contlnental . Union Carbide ... Union Pacific United Aircraft United Air Llnea (xd) .... U. S. Plywood U. S. Fuhher . U. S. Steel United Utilities West Bank Corp - Westlnnhouse Youngatown Foreign Briefs NIXON CONDUCTING BUSINESS IN PARIS PARIS (UPI) Former Vice President Richard M. Nixon ar rived here Thursday night for a week-long visit to conduct busi ness for the New York law firm of which he Is member. VENKZl'Kl.A QUINTUPLETS GAINING STRENGTH MAItACAlHO, Venezuela (UPI) Robinson and Mario, first-and-last-hnrn of the 17-day old Prleto quintuplets, have gained enough strength lo be removed from lite Incubators in which they have lived since birth. It was reported today. Doctors al University hospital said all five' babies are In "satisfactory" condition. MARTIAL LAW EXTENDED IN TURKEY I.N8TANHUL. Turkey (UPD-Martlal law was extended tor two more months in Istanbul and Ankara today after a five-hour parliamentary debate. The opposition wantrd only one-month extension In Ankara. TEAR GAS USED IN GREEK DEMONSTRATIONS ATHENS, Greece (UPD Police used tear gas Thursday night to break up a demonstration by supporters of the United Demo crat Left after a political meeting. Sit policemen and 31 civilians were slightly Injured In the clash before order was restored. FRENCH RAILWAY UNIONS AGREE ON STRIKE PARIS (UPD Catholic, Communist and Socialist Railway unions agreed Thursday night to call a :t-hotir strike lo tie tip the nation's trains next Wednesday. A communique from their Joint meeting here said railroad worker! want "stthstAntlAl rniic mnA MiirMif.Hi Hnj . gnmrrilale 150 Iran (MO) bonus." Enactment of Tax Reduction Seen To Spur Business HOTSPKINGS, Va. (UPI) -Undersecretary of Commerce Franklin D. Roosevelt Jr., said today that business was show ing "mixed trends" which could mean that a recession is lurk ing in the nation's economic fu ture. Roosevelt was the second Kennedy administration spokes man this week to point up the specter of an economic reces sion despite the fact that busi ness seems to be booming. Walter W. Heller, President Kennedy's chief economic ad visor, said Tuesday that "be yond the first few months of next year, it is not easy to find enough steam in the economic boiler to prevent backsliding into recession." Offer Same Remedy Both Roosevelt and Heller of fered the same receipe for avoiding an economic downturn: enact the President's $11 billion tax bill which the administra tion hopes will spur the econ omy to a record growth rate. Roosevelt assessed the na tion's economic future in a snnech nreDared for a two-day meeting here of the influential Business Council. "The economy is still exhibit ing considerable strength, but some of the latest indicators of business activity show mixed trends, he said, adding: "On the whole, their message has alerted us to be on guard and to take steps to strengthen our defense against recession." Add New Impetus Roosevelt said the long dura tion of the current business im- Drovement more than 30 months "is in itself a signal that we must think in terms of actions that will add new im petus to the economy. He said one of the danger signs in the economy was that even though business was boom ing, unemployment was relative ly high. Rousselot Raps Visit by Tito PORTLAND (UPI) The visit of President Tito of Yugos lavia lo the United States is a "disgrace" to this country, former California congressman John Rousselot said Thursday. Rousselot is western district governor of the John Birch So ciety. He made the statement in a news conlercnce nere. Rousselot called Tito a "mur derous cutthroat" who should not be allowed to "parade around this country." The John Birch Society i s making significant membership cains in Oregon, he said, adding that about half Its members are Republicans and the others Democrats. The society does not endorse political candidates, but it encourages members to be active in the party of their choice, he said. In a lecture on disarmament at Portland's Lloyd Center, he said the United Nations has be come an "effective instrument of Soviet Foreign policy." Portland Produce PORTLAND (UPII Dairy msr kcl: Eggs To retailers: AA extra large 40-.13c; AA large 47-Mc; A large 4.1-4IU1; A A medium 4I-4.V-. A small 23-30c; cartons 1 cent higher. , nutter- To retailers: AA and A prints H7c; cartons 3c higher, B prints SHc. Cheese (medium cured' Tn re tailers: 4H-4!lc; processed Ameri can 5-10 lb. loaf, 43-48C PORTLAND (t'Ptl Dressed chickens No. 1 grade dressed to retailers: Frvers, whole drawn, 2R 37c III ; cut-up. 33-40C lb ; hens, light type, whole drawn, tll-23c lb.; light tvpe bens, cut-up, '22-2Hc lb.; heavv whole 34-3lc lb Ah,ii(- J y- A THERE'S MOMMY! Mrs. Jacqueline Ken nedy flew home Thursday night from her "dream" vacation in the Mediterranean and Morocco, and was warmly welcomed by her Children Greet Jackie Kennedy On Return WASHINGTON (UPD- "There's mommy!" the little boy cried, and he tugged at the restraining hand of the Presi dent of the United Slates. Two-year-old John F. Kenne dy Jr. could hardly contain himself Thursday night at Na tional Airport as he and the other members of his family welcomed his mother home from a three-week storybook cruise of the Mediterranean. The First Lady, sunburned and beaming, was presented a gift-wrapped clay bird's nest by her daughter Caroline, almost 6, as a welcome home present when she stepped from the small jet transport that had taken her from New York's Idlewild Airport. Over-the-Counler Western Stocks Uy t'nitrd Press International Bank of America . Boise Cascade Cal Pnc tllil . Con Freight Cyprus Mines F.qultable S & L 1st National Bank .lantzen ... Morrison Knuclscn Mult Kennels N.W. Nattiral Gas .. Oregon Metal rp L PGE U.S. National Blink Tektronix West Cnnsl Tel Woyerhaeiihcr ta ' i m ' 2 31', 33 '2 25 21 10 10', 22 24', 3 1 ' , 33 ' 72', 7,i 23', 25', 3" ' 32 ' , 4 4 33, 35. I 1 '. 2ft s 211', 2B , 2B' 11" !13 21 H 23, 24 ' 25 ', 31' , 33', Investment Funds Noon quotations on selected Stocks: Fund Bid Askrd Bullock H 04 Chemical Fund 12 23 Colonial F.ner . 12.12 Enlon Howard Stk 14 31 Fidelity . 1701 Fundamental Invest 10 l Croup Sec A la F.lec 7 05 Group Sec Com Slk 13 m llamillon II11A 5 OH 15 30 13.37 13.57 I.V4H in 30 11 III 7 73 15.12 5.55 H 22 0.10 20 R7 R 40 16 47 13 R4 7 7R 5 01 7 07 IB 13 Mass Inv Growth Stk R 12 National Growth p. 33 Stock TV-Klec United Arcum .. United Income United Science . Value Line Inc . Variable Wellington 10 27 7 70 15 07 . 12. till 7.12 5 41 7 no 14 BO Portland Livestock j PORTLAND ll'I'li I'SDA , W'ppklv Itvi'stook I Cattlr W.m Goori-rhouT strrrs 24 a.V-N SO, hlRh Rood-chincc licit era 2;i 2V roikI in-'-;l. niosllv 21 1 up: itlllilv rows 12,Vl-l(i; t-ftiinrr- , ruttrr tO-HJO. utlllly-linltcr bulls! IB-Ill. Cnlvr 4110. tlniirl-rtinlrr vralrrs 2V2M. Mniulnrd 22-2.V sood-chou-e 300-.M10 Hi. ilorrs 2;l-2K i Huns H70 niirniiv and Kilts 1 and 2 urade lli.Vl-17, sows 1-2 tradr aso-Mo iii int Slirrn i(i:ill t'liou-r. end of primp sn-uoiti u-ntiirri. imiitu n jo-im.v hich cnna-rhnirr i7-i7, mi. nuxrn rwfi 4 MI-.V rnolce trroer laimu 70-a.t ih. is-iB as. BUILDING Fireplate Materials Stone Pra-Stressed Concrott BUILDERS SUPPLY 727 W. McAndrewi Phone 773-4575 From Vacation Trip Caroline quietly held her fa ther's hand most of the time. But John Jr., who will be 3 next month, was more impatient and he shouted when he saw Mrs. Kennedy's plane touch down. Long-legged Caroline was first up the steps of the plane, however, followed rapidly by little brother. The President Morse Edged Out At Livestock Show PORTLAND (UPI) Sen. Wayne Morse, perennial blue rihbon winner with his Devon cattle, was edged out at t h e Pacific International Livestock Exposition here Thursday. The Cascade Ranches, Inc., of Lake Creek, Ore., took the grand champion bull ribbon. The reserve grand champion bull ribbon went to Travis Farm of Hood River. The Travis Farm also won the junior cham pion female ribbon. Top award for the best string of beef cattle in one breed went lo Foley Farms of Middletown, Calif., for its Hereford string and the Chapman Ranch ot Lc Grand, Calif., for shorthorns The Haystack Ranch of Long- i in Pendleton Dec. 2. Lake Val mont. Colo., showed the b e s t ! ley is 12 miles south of Burns, Aberdeen angus. The government said giving The outstanding herd of Red I iu',s View f the land would Angus was shown by Garnet enable them to determine if White of Spokane. John Noland, dcvlces employed by the defend Chehalis, Wash., exhibited the ! ants 10 sel1 the land were deccp- best breed ot Scotch highland cattle In sheep competition, the champion ram and ewe year lings were shown by Kessi and Son of Harlan, Ore, in the Cheviot breed. Local Man Named Baptist Officer ROSEBURG (UPI) - The new president of the Oregon Stale Baptist convention is El lon J. Ferrell of Portland. Ho was named at the close of 1 the Baptist's three-day meeting 1 here Thursday. i Other officers include the Rev. Clifford J. Young, Medford, vice president; the Rev. L, Earlc ! Shipley, assistant lo the presi dent of Linfield College, McMin- nville. secretary; Alien r. tterr , i)..nann (-;,, trenm-pr and I01 inegon Li , ueaMiier, ana mr, icnncin u noimcs, a pro- fessor at Linfield, historian. Commercial Buildings, Residences Patios Pumice, Shale & Concrete Block swsst.al titf--U&nff& family. Here the First Lady kneels at the top of the steps of the plane as Caroline, 6, fol lowed by John Jr., 3, and the Chief Executive run up to greet her. (UPI) greeted his wife privately aboard the plane, then escorted the family toward a waiting limousine. As they sat down John Jr. jumped into his moth er's lap. White House officials de scribed Mrs. Kennedy's Medi terranean vacation as "a need ed change of scenery." She still was recovering from the Cae sarean birth and death in Au gust of an infant son, Patrick Bouvier Kennedy. Mrs. Kennedy flew from Par is to New York and then to Washington. She arrived in the French capital on a flight from Marrakech, Morocco where she was a guest of King Hassan II. Land Inspection By Jurors Asked PORTLAND (UPI) - The ! federal government filed a mo- tion in U.S. District Court Thursday asking that jurors in the fraud and conspiracy trial of seven men in connection with the Lake Valley land develop ment project be taken to view the land. The trial is scheduled to open The motion also asked that District Judge John F. Kilken ny visit the land himself before ruling. ZOOOOOOOOOOOOOM Our new Plymouth has up to 365 horsepower worth of Zooooooooooooom (optional, of course). That's important to some people. Others don't feel they neeo that much Zoom. They stick with the high performance of our standard V-S, or the economy of our standard six. Rogue Valley Edition Medford Scenic Areas Established on Eastern Oregon Highways SALEM (UPI) - Establish ment of scenic areas on 175 miles of Eastern Oregon high ways was announced today by the State Scenic Area Board. The action bans construction of new billboards in several areas. Existing signs must be removed within seven years. Signs are permitted within sce nic areas only at places of busi ness within incorporated cities or in areas of heavy commer cial or business development. The sections declared scenic areas are: John Day highway, between Condon and Mayville, between Mayville and Fossil, from the junction of the Heppner-Spray highway near Spray to a short distance south of the Ochoco Deposits in Area Branches of Bank Reported Higher The Medford branch of the First National Bank of Oregon has reported third quarter de posits of $31,263,549 and loans outstanding ol $17,639,451. Comparable totals for the branch a year ago were $29,670, 982 in deposits and $21,938,191 in loans, R. C. Ross, branch man ager, announced. The Phoenix branch for the same quarter reported deposits of $1,550,227 and loans of $1,452,- 708. In his report, Branch I.Ian-' ager Emmett Whitham said last ! year's totals were $1,247,721 in : deposits and $957,936 in loans. ! The Central Point branch of ; the First National Bank of Ore-1 gon reported third quarter de posits of $3,722,798 and loans j ioans outstanding of $4,273,969, according to F. C. Ayres, branch j manager. I Comparable totals for the branch a year ago were $3,415,- j 883 in deposits and $4,109,628 in I loans. ! On the state level the First j National Bank of Oregon has j released third quarter deposit i and loan figures which surpass comparable figures for any! period in the bank's 99 - year , history, Ralph J. Voss, presi dent, announced. The bank has accumulated de posits of $1,010,179,865, a gain of j more than $60 million over the comparable figure for a year j ago and $8 million over the record established in December, 1962. Total resources of $1,110,026,- 514 are listed. JOINT TRAINING EXERCISE WASHINGTON (UPD-Eigh- teen F100 U.S. fighter pianos will fly to India next month for a joint training exercise aimed ! at developing modern air de fenses for Indian cities. DICK KNIGHT CO. 33 South Riversid - Medford 0 MEDFORD. OREGON, FRIDAY, OCTOBER 18, 1963 Highway north of Dayville. Kimberly-Long Creek highway from a point east of Monument to a short distance east of Ham ilton. Wasco-Heppner highway from five miles east of Wasco to 2.18 miles west of Condon. Pendleton - John Day high way from north of Battle Moun tain State Park to .75 mile north of Long Creek and from .18 mile south of Long Creek to .68 mile north of the south OPENS J RP2140 Series 8 -'ivjsi j 11 STEREOPHONIC PHONOGRAPH Limelight Beige Model RP2142 ' Buccaneer Gray Model RP2143 Washable, scull-proof vinyl-clad steel case Hinged, detachable speaker wings can be separated up to 25' Stereo cartridge with synthetic sapphire styli plays monaural and stereo records Dual channel stereo amplifier for true fidelity PLUS THESE EXTRA-VALUE FEATURES Two 6V2" Dynapower Speakers with moisture-proot aluminum coils 4-speed automatic FLIP-DOWN changer with 9" turntable accommodates 6 records, shuts off automatically Separate volume, channel balance and continuous variable tone controls 45-rpm spindle at no extra cost Tape and speaker jacks allow added versatility There ii nothing "just good" as G.E. or as good your dependable dealer. APCO. ! 1 HOME APPLIANCE COMPANY 115 EAST MAIN MEDFORD (What the '64 Plymouth has) What's important to you . . . no matter how you hke your power.., is a car that's designed to make the best possible use of it. Power-hungry or not, test-drive the new Plymouth. Then you'll know why we say, "Get up and go Plymouth." It does ... and you should. PA A Page 2A Tribune boundary of the Malheur na tional forest. Wallowa Lake Highway from 8.40 miles east of Elgin to ona mile east of the Wallowa Laka highway forest wayside. Joseph-Wallowa Lake highway from .20 mile south of Joseph to the south boundary of Wal Iowa Lake State Park. Columbia River Highway, from east of Hat Rock State Park to the Oregon-Washington state line. UP A NEW WORLD OF 0& as 1 as . ' only 104 95 .nr-.- Q
