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