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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 12, 1963)
Figure isd Ira eO Somto fed forConfeni pt -I ' .- Stocks Firm; Rails Continue Good Pace NEW YORK (UPI) - Stocks held firm today. Rails continued to put in a good showing paced by Illinois Central, up around a point. Con Edison slipped around 1 in the utilities but Florida Power moved up more than a point. Steels were narrowly mixed, Autos were steady. Chemicals showed little change. Kennccott tacked on a large traction in the metals but American Smelt ing lost roughly a point. Among the electronics, IBM and Motorola advanced 1 or more but Fairchild Camera de clined nearly 214. Merck im proved a point in the drugs and Great Western Sugar did the same in its group. Xerox jumped around 6 fol lowed by point-sized gains in Brown Shoe, CBS, Polaroid and Helena Curtis. DOW JONES AVERAGES NEW YORK (UPI) Dow Jones final stock averages: 30 industrials 727.21, off 2.04; 20 railroads 177.10, up 2.33; 1.1 utilities 137.50, up 0.14, and 65 stacks 266.01, up 0.46. Sales Wednesday were about 4.4 million shares compared with 4.5G million shares Tuesday. Wednesday' pricei on stocks: Allied Chemical Alum Co Am American Air Llnei American Can American Motor .... AT&T American Tobacco Anaconda Copper Armco American Standard Avco Corp Bendix Corn Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola CBS Columbia Gns Continental Can Crown Zcllerliach Crucible steel Curtiss Wright Dow Chemical Du Pont Eastman Kodak .. Firestone Tord General Dynamics General Electric General Foods selected ... 3'. b Ail, ... 18s. ..ian ... 2U ... 12 1. ... (13 1, ... lev, ... 23 Is .. 4R ... .'Id' 4 ... .1(1 'i ... in', ... 47U ... nn'i .107 ... 7.V. ... 2H'i ... 42'. ... S7 ... 22 'i ... 17', ... SB", .24.)', ...1111". ... US', ... no ... 24'. ... n.i'i, .., 851. Gift Suggestions for the Young Man -from Vv Offering you Nationally known linei of men's wear at consistently sensible prices. . 7B'i . 22', General Portland Cement Georgia Pacllic Great Northern Railway .... Greyhound Gull Oil Home8take Idaho Power IB M Int Paper Johns Manvillc Kcnnecott Copper Lockheed Aircraft Merck Montana Power Montgomery Ward National Biscuit New York Central Northern Notural Gas Northern Pacific Pac Gas Elec Penney J. C Penn PR Permanente Cement Phillips .... Procter St Gamble Radio Corp (xdl .. OJ'S .. 55', .. 47 '', .. 47'., .. 44 .. :i4',, .400 .. 32 , .. .. 'nj . 37 .105 ', . 38'i ,. 35 's . 57'i . 243. . 49 .. 40', . 31 'i .. 44 . 25',', .. 10 .. 48', .. 70',, General Motors Foreign Briefs BRITAIN BUILDING THIRD NUCLEAR-POWERED SUB BARROW-1N-KURNESS. England (UPI) - Work was under way today on the construction of Britain's third nuclcar-poworcd submarine, Hie Warspite. The vessel is being built at the Vlck-crs-Armslrong yard on the slipway vacated last week by her sister sub, the Valiant. RIO PUBLISHERS AVERT STRIKE RIO De JANEIRO (UPI) Publishers averted (lie threat ol a city-wide newspaper strike today by promising to more than double newsmen's wages in the next six months. The settle ment calls for an immediate increase of 90 per cent in wages averaging about (50 a month and an additional 30 per cent in June. NEHRU CALLS NEUTRAL NATIONS CONFERENCE NEW DELHI (UPI) Prime Minister Jawaharlal Nehru called today for a conference of neutral nations in the new year to discuss President Kennedy's uncompleted plans for casing the cold war. ETHIOPIA TOLD ITALY HALTING SOMALIA AID ADDIS ABABA, Ethiopia (UPI) Italy told Ethiopia Wed nesday It was withdrawing its military experts and personnel from Somalia and would give Somalia no more military aid. RUSK TO CONFER WITH PRESIDENT Dc GAULLE PARIS (UPI) U.S. Secretary of State Dean Rusk will confer with President Charles de Gaulle here next week, re liable diplomatic sources said today. Rusk arrives Friday evening for the North Atlantic Treaty Organization Council of Ministers meeting Dec. 16-18. He proba bly will sec Dc Gaulle Monday, the sources said. HE'LL "STAND TALL" IN For the shape-hugging, narrow-hip look, there's no (lack thai does it like STAK-SIAK tailored by Champion. They're boltlest, plain Iront . . . straight and slim at smokestacki , , . extension front waiil bond and adjustable intide tab (live lure new-comfort fit. took for the STAK-SIAK label . , il identifies outhontie STAKSIAKS. $14.95 HACK! STAK K Slim ti(K ALL GIFTS WRAPPED BEAUTIFULLY . Slnci IN THE MEDFORD . 43', Surcway Sears Shell Oil Socony Mobil Oil Southern Co Southern Pacific Spcrry Rand Standard California . Standard Indiana .- Standard N. J Slokclv Van Camp . Sun Mines . Toxhs Co. Texas Gulf Sulfur . ... Tex Pac Land Trust . Thlokol Trans America Trans World Air Trl Continental Union Carbide Union Pacific United Aircraft United Air Linos U. S. Plywood U. S. Rubber U. S. Steel ... .ill ... US', ... 44' j . 07', ... 54, 34 ', ... 1!)', ... 511 s, ... 611', ... 72', ... ... 0', -- 20', ... 20'. ... 24, ... I!)', ... 30', ... 2UJ, ... 45", .. 117'i, ... 41 ' ... 43'j ... 41'. ... til'. ... 40', 52 Drews... Richfield Oil The Original Short Sleever Forget lh scissors ... this THUNDERBIRD Original by Columbiaknil is action readyl Crew neck, 7 bullous, shotl sleeves and a full tange of two-lone and plain colors ... loo many lo list I All siies and the pi ice is as short as Iht sleeves $17.95 THIS IS THE CADET SS THUNDERBIRD BY COUIMBIAKNIT! Open 1911. Mamstore SHOPPING CENTER United Utilities 40', West Bank Corp 30'. Wcstinghouse 33 'a Weyerhaeuser 35 Youngstown 123, Castro Feared U.S. Invasion WASHINGTON (UPI) Fidel Castro has been quoted as say ing that a remark by President Kennedy convinced him and Soviet Premier Nikita S. Khru shchev that a U.S. invasion of Cuba was imminent and led them to place Russian missiles on the island. The White House said Wed nesday, however, that the late President stated at the time to Khrushchev's son-in-law, Alcxei I. Adzhubei, that no U.S. inva sion was planned. Castro's re ference was to the talk Ken nedy had with Adzhubei, the editor of the newspaper Izves tia, in January 1962. Castro's statements were re ported by Jean Daniel, a French newsman who interviewed the Cuban premier shortly before the Nov. 22 assassination of Kennedy. Castro said Kennedy recalled for Adzhubei that the United States did not intervene when Russia put down the 1956 revolt in Hungary. According to Dan iel, Castro said he and Khrush chev took this to mean that the United States planned a second invasion attempt against Cuba and did not expect Russia to intervene. WRAP WITH THEME DALLAS (UPI) - To be in tune with the times, a Christ mas gift package must have wrappings with a complete col or scheme and a "theme," re ports Ted Straus, whose firm (Susan Crane, Inc.) is a leader in the gift wrapping field. The days of white tissue paper and green ribbon are over, he says. OPEN EVERY NIGHT Till 9 UNTIL CHRISTMAS (Except Saturday) COLLEGIAN SS $16.95 BOYS' S-fvU $15.95 Drews Revolving Charge Set your own termil Referee Cites Officials for Refusing Answers NEWARK, N.J. (UPI) - An thony De Angelis, central fig ure in the multi-million dollar edible oil scandal which has had serious repercussions in Wall Street, was cited for contempt of court Wednesday. Federal bankruptcy referee William Tallyn cited De An gelis, president of the bankrupt Allied Crude Vegetable Oil and Refining Corp., of Bayonne, N.J., for refusing to answer questions about the firm. Also cited was Ben Rotello, controller of Allied. They were ordered to show cause next Wednesday before a federal judge why they should not be sent to prison "or otherwise dealt with." Fifth Amendment Pleaded Both pleaded the Fifth Amendment to all questions asked them during bankruptcy hearings before Tallyn. The contempt citation was re quested by Daniel F. De Lear, the court-appointed receiver for Allied. Earlier Tuesday, a federal grand jury here started an in vestigation into De Angelis' ma nipulations so complicated that 600 million pounds of oil cannot be located. In Washington, the Senate permanent investigations sub committee, headed by Sen. John L. McClellan, D-Ark., began a "preliminary survey" to deter mine if there should be a full scale inquiry. To Face Questioning Today, attorneys for the Bunge Corp., a large exporter of agricultural products, were scheduled to question represent atives of Allied, five transporta tion firms and a barge captain. Oils Said Removed Bunge held warehouse re ceipts for 160 million pounds of oil that was supposed to be in storage tanks at the American Express Warehousing Co., Ltd., in Bayonne. Bunge naa extend ed Allied credit on the basis of warehouse receipts. However, when the tanks were checked only seven mil lion pounds of oil was found. Bunge contends 690 million pounds of edible oils were re moved from the tanks just be fore Allied went into bankruptcy last month when it was unable to meet $18 million dollars in margin calls. The failure of Allied to meet the margin calls led to the liq uidation of the brokerage firm of Ira Haupt & Co. and the merging of .1. R. Williston Jt Bcane with another brokerage firm. Five other firms controlled by De Angelis subsequently filed for reorganization after the scandal began to spread. Portland Produce PORTLAND IUPIi Dairy market: Eggs To retailers: AA extra larnc 4f-.V.!p: AA large 47-30e; A large 4.V.171-: AA medium 41-4.'ie; A small 23-32c; carton 1-ccnt liign- CrBntter To retailers: AA and A prints R7c; cartuns 3c higher; B prints (iiie. Cheese imedtum cured! To retailers 4ti-4!lc; processed Ameri can 310 loal. 43-48C. PORTLAND lUPIl ' Dressed chickens No. 1 grade dressed to retailers: Fryers, whole drawn, U!)-37c Hi : cut-up. 33-4UC lb.; hens light tvpe. whole drawn. 2l-i!.ic th.; light l.vpe liens, cut-up. 23-30C lb.; heavy whole 3.V3BC lb. Portland Livestock PORTLAND IUPII USDA Cat tle Si). No early trade lest. Calves none. No trade lest. Hugs SO. Barrows and gilts 1-2 grade 200-230 lb. 13. .10-15. 73. Sheep 23. No trade lest. Investment Funds Noon quota Hon on iilcettd tocka Hind Hid AMtrtl Bullm-k 13 44 14.73 t'hfinii-Bl Fund 12 2R 13.42 inl.-nial Kurr 12 J!l 13,4.! Iv.l on H-miud Stk 14 1 H 15 30 Kitlelily 17.04 16.42 KunclainrnUil Invest. 1024 11 22 (.roup Soc Arm 8 fl7 7 34 tiroiip Src Coin Stk 13.1.1 14.40 llminlton It OA . .1 07 T 14 K'vMnnc M-3 IK Rl 18 34 Krtme 11-4 , 10 ID 11.12 Ktilr K-2 3 2!1 3 7a KcvOon S-l 22 .13 24 3ti K Mnn S -3 12 78 13 !M KrvNinnc S-4 4 37 4 77 Mni Inv C.rnwth Stk ft M 9 n't National Growth ft Hfl !) $ Stwk lfi r2 20 4j TV-K.lrc 7 K2 ft 31 I'tutcd Actum 1 x ,V l.Vto Vmlc'l lncoiiit 12 27 13.41 t'nttrd Si-truce 7 07 7 7;i Value t.tne Inc 27 .1 7fi Varmhlr . 6 7fi 7 .11 Wellington 14 34 13.3 Over-lhe-Counler Western Stocks Ov fnHfil Prm liitrrnatlonjl flrtnk America . i, K7 Boue CaM'nde . . 31 '1 33 ' Cl To VU 26 28 Con Krciaht . . 10', Cvpru Mine 22' t 24 fcqutmWr SA-l. 21 ' 31 1st Ntioti4l Bank ... 7ft'., ft; J AM mi 2l 2ft' Morrison Knud 27 4 29 l Mull Kennels 3Ti 4'j N V Natural OaS 34 36 Oregon Metal I', 1 , PP.V-L 2, 27'. PCS 2.V. 27', 1' S National Hank .. . RR( !2 Tektronix 20', 21 , WcrI Coast Tii 23s 23', Congress WASHINGTON (UPI) - Con gress wasted no time today in considering President Johnson's proposal to mint new 50-cent pieces that would carry a like ness of the late John F. Ken nedy. Chairman Wright Patman, D Tex., who supports the plan, called a closed session of his banking and currency commit tee to discuss and probably vote on the legislation. Johnson submitted the bill Monday. No Senate action has been Regional Edition MEDFORD MEDFORD, OREGON, THURSDAY, DECEMBER 12, 1963 MS 0 0 0 Tangerines 2 ibs. 29' CHEER Giant Size 69' SPRUCE MANDARIN ORANGES 5 , 100 Fluhrer's or Beck's BALLOON BREAD Mb. Loaf 5 for l PICNICS MIDWAY MEAT Ranch-Style Cure ROGUE GOLD CHEESE 2 iib.i P 305 East Pino St. I I fNsHSk. I 3c fl it Hastens scheduled yet but it is expect ed that the measure will sail through Congress without any trouble. In a separate action Wednes day, Johnson also urged con gressional support for a propos al to rename the planned Na tional Cultural Center in Wash ington the John F. Kennedy Center for the Performing Arts. Johnson added that it would be -"entirely fitting" for the federal government to provide funds to match contributions which are now being solicited Page 2A Tribune SUPER LIMIT RIGHTS RESERVED - FREE DELIVERY BANANAS lb. CELERY 2 BUNCHES BfflHl CROWN UNBLEACHED FLOUR 7-UP 12-oz. M.J.B. BROWN RICE CANDY BARS THlSVfEKfJ- T-BONE Grain Fed TOP SIRLOIN STEAK Boneless for Broiling SAUSAGE FRESH COUNTRY STYLE V V'!fe V-" . -NsV 3 us. a00 - Phone 664-2733 - JFK Coin from the public to build the center here on a site overlook ing the Potomac River. "This action should ensure prompt completion of the cen ter to which President Kennedy gave his full support and which he saw as an embodiment of our nation's interest in the fi nest expression of our cultural activity," Johnson said. SHIP IT l-gMC to or from Oakland, San Fran ciseo. Lot Angeles and other California points. MARKET 25 6,49 Plus Deposit 39 24-oz. 10Ik 35f 1 n IS STEAKS lb. 98' flQ ,1 W W !TT! 773-7761 f"I 1 25c "A Good Place To Trade" - Central Point HELM tWPl 0 days 8-8 Week Days Avocados Each 10 FABER'S BLEACH 1 2 gal 35 NABISCO SHREDDED WHEAT 25 10'4. oz. JORGENSEN'S FIESTA ICE CREAM 1 2 79' PORK STEAK LEAN BLADE lb. Join The Fun! Central Point's CHRISTMAS PROMOTION Many Big Prim Will Ba Awarded SATURDAY) Pi i
