THE EVENING HERALD, KLAMATH FALLS, OREGON
December f, IfIT
STOCKS BREAK
il TO 7 POINTS
NEW YORK, Dec. 0 (JP) A re
vival of war nervousness today
touched off one of the heaviest
waves of stock market liquida
tion since the British retreat to
Dunkerqua in May of 1940 and
leaden fell 1 to more than 7
points.
The extension of yesterday's
relapse which was based on the
U. S.-Japanese clash in the Pa
cific, was coincidental with re
ports of enemy planes approach
ing the east coast and the sound
lng of air raid alarms at New
York and other sectors.
Transfers of around 3,500,000
shares were among the largest
since May a year ago.
Stocks in the "new low" di
vision Included U. S. Steel, Beth
lehem, Chrysler. General Mo
tors, American Telephone, Sears
Roebuck, Douglas Aircraft, Unit
ed Aircraft, N. Y. Central, Penn
sylvania, Great Northern and
Southern Pacific. Patino mines
was one of the few exceptions
with a modest advance at a new
1941 peak.
Bonds dipped with shares and
commodities packed away when
the commodity exchange admin
istration slapped ceilings on the
soaring staples of yesterday.
Closing quotations:
Air Reduction 351
Alaskan Juneau 2 .
Al Chem & Dye 144
Allis-Chalmera 251
American Can 71
Am Car & Fdy 261
Am Had Sta San 41
Am Roll Mills 9 J
Am Smelt & Ref 34!
Am Tel & Tel 1371
Am Tob "B" 46J
Am Water Works 2i
Am Zinc L it S 31
Anaconda
Armour HI
Atchison
Aviation Corp
Bald Loco
Bendix Avia
Beth Steel
Boeing Airp -Borden
u.
Borge-Warner
Calif Packing
Callahan Z L
Calumet Hec
Canada Dry
Canadian Pacific .
Cat Tractor
Celanese
Cbes & Ohio
Chrysler
Col Gas & 1
Com'l Solvents
Comm'nw'lth & Sou .
Consol Aircraft
Consol Edison
Consol Oil
Cont'l
Corn Products
Crown Zellerbach
Curtiss Wright .
Doug Aircraft
Dupont De N
Eastman Kodak
El Pow & Lt
General Electric
General Foods
General Motors
Goodrich
Goodyear Tire
Gt Nor Ry pfd
Greyhound
Illinois Central
Insp Copper
Int Harvester
Int Nick Can
Int Pap & P pfd
Int Tel & Tel
Johns Manville
Kennecott
Lib O Ford
Lockheed
Loew's
Long-Bell "A"
Montgomery Ward
7X6 aerrK WAyitiiKeAr
COHfTlfKTWH P0E 10 LACK OF
PROPER $UK" IN THE PIET IS 70
CORRECT THE CAUSE OF THE
TROWie WITH A,
PEUCIOUS CEREAL,
KELLOCCS
AU.-MAtf.EAT
it every my
AND PRIHK fLEKPf
war
WAVE
mm
V A BtrrtK wav
VSSV to propuce
power was
Mjr -1 achieved ey
Ajamis watt's
INVENTION Of
llyt'ijf THE MOPERN
Carload Potato Shipments
Day of A
Month Season 1941-42 Season H140-41
Dec. to Season Dec. to Season
Dec. Daily Date to Date Daily Data to Date
1 21 21 2666 3 3 2979
2 9 30 2675 28 31 3007
3 23 53 2698 24 53 3031
4 31 84 2729 31 86 3062
5 21 105 2750 32 118 3004
-
7
8
10
13
14
15
16
.
18
20
21
22
23
24
" 25
28 ZZZZ
27
28
29
30 . :
31 I I ' .
Month Shipments by Truck
Grand Total
Nash-Kelv
3)
151
131
221
13i
7J
11)
lOi
Nat'l Biscuit
Nat'l Dairy Prod
Nat'l Dist
National Lead
N Y Central
No Am Aviation .
North Amer Co
Northern Pacific
. 41
. 71
Ohio Oil
Otis Steel
4
Pac Amer Fish
81
Pac Gas & El
20
Pac Tel & Tel .
..100
Packard Motor
Pan Amer Airways .
Paramount Pic
Penney (J C)
Penna R R
Phelps Dodge , , ,
Phillips Pet
Proctor & Gamble .
Pub Svc
Pullman
Radio ,
2
14
121
76i
1811
241
444
51
121
208
21
10
Rayonier
Rayonier pfd
24
151
81
411
60
Republic Steel
Richfield Oil .
Safeway Stores
Sears Roebuck
Shell Union
Socony Vacuum .
. 141
. 81
. 19
. 91
. 29
. 4
. 201
. 301
. 431
Sou Cal Edison
Southern Pacific .
Sperry Corp
Standard Brands .
Stand Oil Calif
Stand Oil Ind
Stand Oil N J
Stone & Webster .
Studebaker
Sunshine Mining .
Texas Corp
. 41
. 3!
. 4
. 421
Trans-America
. 4
Union Carbide
. 691
131
Union Oil Calif
Union Pacific
621
101
311
1
United Airlines
United Aircraft
United Corporation
United Drug
41
United Fruit
72
U S Rubber
211
U S Rubber pfd
U S Steel
851
481
161
Vanadium
Warner Pictures .
Western Union
41
211
Westinghouse
74
Wool worth 251
DOODLING
CHICAGO 0P A north side
restaurateur has endorsed dood
ling in an effort to save his table
cloths. He not only furnishes diners
pads on which they may scrawl
but offers prizes for the most ar
tistic results.
In 1939, the tuberculosis death
rate of the District of Columbia
was 88.3 per 100,000 of the pop
ulation.
Thousands Praise Simple
PILE RELIEF
Thii Quick, Easy Wayl
Slmprt Mln mm not wraek an tortur
rou with maddening Itch, bum and Irrita
tion. Sturt'a Prrld Raapaelurlee brtnn
quick, welcome relief. Their 1-wtr medic.
Hon means real comfort, reduce (train,
help, tlihun relaxed membrane, mntly
lubricates anrf t- . . . - j .,'
'haSne;. ao eu) to uta, Ifa wonderful U be
17 Jv tQrtt,r !. Get irenuifie
. n Saapealurlaa at roor drua-
tor without iftlee Me and 11.20 e
a money .berk guarantee. t
(1940)
SAN FRANCISCO LIVESTOCK
SOUTH SAN FRANCISCO,
Dec. 9 (AP-USDA) Hogs: Sala
ble 450. Mostly 3 0-3 5c higher;
numerous decks 185-220 lb. bar
rows and gilts $11.55-60, latter
top; sows fully 50c higher, pack
age medium to good $9.25.
Cattle: Salable SO. Largely
nearby trucked-in she v stock,
nominally steady. Yesterday:
Load good to choice 990 lb.
steers $11.25; one load good cows
$8.50, aged medium beef cows
mostly $6.75-7.25, dairy-type can-
ners and cutters $5.50-6.50; me
dium sausage bulls $8.00-75, odd
head $9.25. Calves: Salable none.
Nominal; good to choice vealers
quoted $12.00-13.00; medium to
good slaughter calves $9.00-
11.00.
Sheep: Salable 600. About
steady; 2 decks 87 lb. wooled
lahms $11.10; odd head choice
79 lb. $11.50; about 200 medium-
pelt 72 lb. medium lambs $10.00;
medium to choice shorn ewes
quoted $4.50-$5.25.
PORTLAND LIVESTOCK
PORTLAND, Ore., Dec. 9 (AP-
USDA) Hogs, salable 500,
total 950; market about 25c high
er; early bulk 175-215 lb. $11.00-
$11.15; 220-260 lb. $10.00-50;
packing sows largely $7.50; few
lights to $8.25; odd lot feeder
pigs $10.00.
Cattle, salable and total 50
calves 25; not enough here to
make a market; nominally
steady; medium-good steers quot
able $9.50-12.00; good heifers
quotable to $10.50; medium-good
cows $7.00-8.00; canner-common
grades $4.25-6.75; medium-good
bulls $7.50-9.00; good - choice
vealers $11.50-13.00.
Sheep, salable and total 200;
about steady; good-choice wool
ed lambs quotable $10.95; few
good truck-ins $10.00-60; com
mon down to $8.50; ewes quot
able $5.25 down.
BOSTON WOOL
BOSTON, Dec. 9 (AP-USDA)
There was very little activity in
the Boston wool market today.
Members of the trade general
are waiting for further clarifica
tion of the report that the gov
ernment is placing a "ceiling" on
the wool prices as of the week
of December 6.
Louisville. Ky.. is the twenty-
fourth largest city in the United
States, having a population of
318,713.
The population of Nevada In
creased from 91,058 in 1930 to
110,014 in 1940, according to
census figures.
In 1939, Canada produced
284,394 ounces of platinum and
allied metals. Total world out
put was 500,000 ounces.
The ancient Romans thought
of silk as a sort of wool that
grew on trees.
When In Medford
Stay at
HOTEL HOLLAND
Thoroughly Modern
Joe and Anne Earley
Proprietors
T
SEATTLE. Dec. 9 P) The
market for west coast lumber
is becoming very unbalanced,
the West Coast Lumbermen's
association said today in its
monthly report.
"The still large demand for
defense lumber runs to tim
bers, ' the report said, "to types
of lumber used in heavy con
struction, as in timber roof
trusses which are increasingly
replacing steel; and to boat
building lumber, ship decking
and aircraft stock.
'Thirty to 40 per cent of the
Douglas fir log cannot be made
into such items. With restricted
outlets for this large portion of
the industry's raw materials,
production falls and unemploy
ment increases."
The weekly average of west
coast lumber production in the
four weeks of November was
154,549,000 board feet or 97.0
per cent of the estimated ca
pacity. Orders averaged 136.-
213,000 board feet: shipments
141.542,000 board feet.
The industry's unfilled order
file stood at 587,403,000 board
feet at the end of November
and the gross stocks at 929,121,
000 board feet.
POTATOES
SAN FRANCISCO. Dec. 9 (AP
USDA) Potatoes: 3 California, 5
Oregon arrived, 18 unbroken, 19
broken cars on track: Klama'h
Russets No. 1 $1.85-2.15. mostly
$1.90-2.10; combination grades
$1.60-1.75; No. 2s, too few sales
to quote.
LOS ANGELES. Dec. 0 (AP-
USDA) Potatoes: 12 California.
4 Idaho arrived, 68aunbrokcn, 22
broken cars on track; by truck
10 arrived; no Klamath quota
tions.
CHICAGO POTATOES
CHICAGO. Dec. 9 (AP-USDA)
Potatoes, arrivals, 66: 304 on
track: total US shipments 335;
supplies moderate, demand fair;
market slightly stronger on best
stock: Idaho Russet Burbanks
US No. 1, $2.40-60.
PORTLAND, Deo, 8..W) -Oregon
State college presented its
claim today for restoration of de
gree work in commerce and min
ing engineering.
A delegation of officials, head
ed by F. A. Gilfillan. acting
president, outlined the state col
lege's case to an open meeting
of the curricula committee of the
state board of higher education
here this afternoon. The claim
likely will be presented to a full
meeting of the board tomorrow.
Degree work In these courses
was withdrawn when the 1932
curricula reorganization was
completed. College officials
made known their .Intention to
seek its return within 24, hours
of the action of the board 'grant
ing the University of Oregon's
request for restoration of degree
work in science at Ashland in
October.
Acting on the theory that the
Ashland action constituted au
thorization for duplicate degree
courses, state college spokesman
said they were simply falling In
line with the new policy of the
board in returning the idea of
complete institutions.
D. Gilfillan said the college
has ah ays recognized its defici
ency as a land grant college
without commerce, but that he
had never asked for its return
so long as the board maintained
the unified curricular policy.
Mining engineering, he said,
involves -io duplication of ma
jor work, and now is a vital de
fense need. He was supported in
this by Dr. W. D. Wilkenson.
professor of geology at the col
lege.
E. B. Lemon, registrar, out
lined the organization of com
merce as developed formerly at
the college, saying its depart
ments of economic:: and socio
logy, political science, business
organization and secretarial
training .ere coordinated with
the work of the technical and
professional schools with a mini
mum of duplication with univer
sity work.
Several speakers said Oregon
State is the only land grant col
lege In the west giving no de
grees in commerce or social sci
ence or both, and the only one
of its size in the country so
restricted.
Dr. C. A. Mockmore. civil
engineering department head,
Friendly
Helpfulness
Te Every
Creed and Purse
Ward's Klamath I
Funeral Home
Mr. and Mrs. K. K. Ward.
Owner!
Wlllerd Ward. Mgr.
023 High Phone 3334
Takes Up Where
yp. x. ,t , -.rrr-t-..-.-.!.. i...-. -.v. '
Now that the turkey hash hns been consumed, all good trencher
men arc lookinK forward to the Christinas botit with bre r !ihi-,.
This 40-pounder of the African variety Is beinu groomed by Hotly
Wilke for the Great Wt-slcrn Livestock show in Los Angeles, Dec.
2-7, but the bird's fate will likely be a sad one a few weeks later.
Huge Defense Effort Casts
Fog Over Business Outlook
By PAUL CESNER and
JOHN BECKLEY
Wide World Financial Writers
NEW YORK, Dec. 6 (Wide
World) Much of the gloom
among business men these days
and there is plenty of it
seems to arise like a fog from
the mighty defense effort, a fog
real or imaginary, of fear and
uncertainty over the future of
private enterprise.
As the defense effort grows In
magnitude, reaching astronomi
cal figures in dollars and break
ing industrial production rec
ords, and as normal business Is
more and more interfered with
by priorities, allocations and de
fense requirements, many a man
who has devoted a lifetime to a
good peacetime enterprise is say
ing, "What does it all lead to?
Where will I be five years from
now7"
Meanwhile, economists and ex
perts in Washington are begin
ning to draw up plans for a post
war economy. The defense ef
fort having shown us how to
push production to capacity
they envisage, in Vice President
Wallace's phrase, a new era of
"balanced abundance" after the
war. There is no reason what
ever to look for a post-war col
lapse, a severe dislocation, if we
manage things sensibly, they
said.
But the business man, accus
tomed to thinking in definite,
concrete terms, wants to know
Just what is going to be done.
The talk in Washington, still
and a member of the national
rating body on engineering
curricula, said students should
be allowed to major in commerce
and minor in engineering or ma
jor in engineering and minor In
commerce.
Dr. U. G. Dubach, dean of
men, concluded the college case.
He pointed out the dependence
ot Oregon on the agricultural,
lumbering and mining industries
and said it is vital that business
leaders In these fields be trained
beside those technically educated
in theso fields. He declared that
the college has no q-.arrel with
the university on this issue. Is
not asking the return of the
courses as a trade, but is propos
ing sound education. .1 develop
ment under the present policy
of the board.
Turkey Left Off
in a very tentative stage, men
tions two possible solutions:
1. Placing industry under con
trols and guarantees similar to
AAA in agriculture evidently a
sort of apportionment of produc
tion along with a guarantee that
a huge volume of goods manu
factured will be sold, the surplus
to the government If necessary.
2. A hugo public works pro
gram, similar to the pump-prim-lug
efforts of the 30 s.
That neither of these sugges
tions evokes enthusiasm In a
good many industrial circles is
not surprising in view of the se
vere censure which numerous
"BOTH
One morning Henry
this statement In his
"In
last night the pro-
1 I -w.rrr: harml
What thia pro
fessor said waa an
OPINION. Note- that the newspaper
REPORTED it as an opinion. But
Henry didn't read hia paper
CAREFULLY.
Henry accepted the professor's
opinion as fact. And a few daya
later, when ha met a skunk, he
bent down and PATTED it.
Now Henry's
neighbors won't
let him live his
own life in his own
way . . .
There aroMANV
facte and opinions
reported in your
newspaper.- Facts
about marriages,
HP
deaths, bills passed
by Congress, now products on the
market, their cost, whero you can
Raid, each Tuetday In thii ipoce, the memntn about your liberty and how America' netmpoper
help you defend it. Your lellen of comment will be appreciated by the editor and by Mi committal
Ncwipapcr Publlther Committee, 420 Lexington Avenue, New York City.
Industrialists have hnuped Upon
the government's efforts nt cmi
trolling business and priming the
pump lit the past several yean.
Thcso critics Insist that such
attempts point toward totalitar
ianism In one form or another,
Unit they tend to stifle Iho free
fuiiL'tliiniiig of prlvntn initiative
and private cntorprlso.
So it appears, tills early and
ut a time when it must in nil fair
ness bu acknowledged that
thought and effort Is largely con
centrated on mnro lininedliitu
problems, thai anything like
agreement as to what should be
done after the war Is soma dis
tance away.
What a good many business
men arc saying Is that after war,
private enterprise must bu given
its head, not curbed or restricted.
Investment and risk taking, they
say, need only to be encouraged.
In this connection, Bradford 11.
Smith, economist for United
States Steel corporation, said In
a recent address:
"A post war financial crisis
seems unnecessary and unlikely.
It is iiiini'i-essary bocauso an In
flation' in prices which Is the;
road to financial crisis is tin-,
necessary. It Is unlikely bemuse j
me goin nnti oilier uanK reserves j
of the nation so extravagantly
exceed those which are re-
quired ..." I
After the war, llO Sllld, ail ac-
cumulated slmrtago of peacetime
goods "can constitute a spring
board for a post war decudo of
high level productivity."
Big Bonneville
Insulators Shot
THE DALLES, Dec. 0 iTi
The Doiinevlllc administration
suld yesterday 28 hugo insulators
on a transmission line south of
hero hod been shattored, appar
ently by high-powered rifle fire
The federal bureau of investi
gation was notified after a work
crew discovered loss of the 200
pound Insulators.
Many Never
Suspect Cause
Of Backaches
TW OM Traobnanl Oftan Brfaif Hpjr RM
tthn i.lvrtVr nl iM-vr function tiimii
tvTrjrHi reattir to remain In ymr Anmi. It
may etjMeM ntftnf l-tvekswh. rh'tiBuil imim,
kf pain. of prp tvivi new fry, fottiaf up
n.t(. wrlUn. pm(IIi-m urvlrr ih rp,
bvUrhae ml tllMirVtM. Kruoal or anly
psuaAf imuvsi fttvl barafn
show Utfr lM tkOOMtklBC WTO4 vHk
j-our Itittnaya or blulir.
t too I wait) Aak your drufftrt ff Doa'
rills. uad fucwwoafully by riiUmmm tor ovr
o I Ivy mivm huppy ruf kiwi win rtoip
IS l. tniln
pt huxnry Kin DuMi mil pnttvuv
y inn
out full from your
HARMLESS!"
Blank read
newspaper!
hit speech
buy them. OPINIONS such as edl
torial comments on world events,
guesses as to future events.
You will like some of the facta,
dislike others. You will agree with
some opinions, disagree with othors
but that isn't important.
What js important is that your
newspaper is FREE to
bring you both and that
you use your judgment to
tell the DIFFERENCE be
tween them.
Bocauso it is only by
using your judgment
that you can got the most
out of the news the
FACTS and OPINIONS
which, added togothor,
supply you with the in
formation you need to manage your
porsonal affairs, to participate in
solf-govornmont to do your part
In making sure that you and vry
on ese In Amorlta tan llv fher
own ves In thtlr own way.
In Germany, Italy, Russia, Japan,
a government agency decides whnt
tho people shall road and hear. Not
so in Amorica. Do your part lo
prcsyrvo tho American way of lifo.
CHICAGO. Doc. 0 (P) Possi
bilities of mora stringent price
control measures for agricul
tural commodities, weakness of
securities, liquidation selling,
unci rumors that Hitler might do
clnrn war on the United Stales
together with reports of hostila
planes off both sencoasts had an
unsettling eftect on the grain
markets today.
Pliers fluctuated wildly at
times over a range of as much f
5 cents for rye. "Ceilings" werdinf
placed over wheat and soybean
futures for today only at yester
day's rinsing levels.
Wheat closed unchanged to I
under Monday's final prices, De
cember $1,211, May $l.2(l.;
corn was 11 to 21 lower, Decem
ber 761. May M21-1; cats 1121
off; rye 2121 down, lard 15 to
20 rents n hundred pounds low
er, while soybeans closed un
changed at the lop permissible
limits.
The anthracite con! mine at
.Summit Hill. Pa., has been burn-
lng since HUH).
aaaaaaiaaaaaaaeaa
Paul O. Landry
this question:
"We have a new gold
Uaf sign on our plate glass
window. Can this Utter
ing be Insured on eur reg
ular plate glass policy?
Does this type ot Insur
ance require an extra pre
mlumT" For Information en any
In. urance problem, consult
The Landry Company, 311
Main street. Phone 8112.
"The Court House la
Across Main Street from
Our Office." Q
0
f