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
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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