Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Sept. 8, 1942)
Soptpmber 8, 1943 PAGE FOUR IIERALD AND NEWS, KLAMATH FALLS, OREGON STOCK MARKET OPENS UP ON BULLISH SIDE By VICTOR EUBANK NEW YORK, Sept. 8 tP The stock market resumed bus iness on the bullish side today after the lengthy recess in which disturbing situations failed to develop either at home or abroad. Leaders were a bit hesitant at the start but an advance soon got under way when it was realized sellers were exception ly timid. Gains ranged from fractions to around two points at the best. These were reduced In many instances, however, in the final hour. Lively dealings in low-priced Issues, in addition to two "spe cial" offerings, put the day's turnover to about 400,000 (hares, largest In three weeks. Wall street generally viewed as constructive the presidential nti-inflation message. ' There was an assortment of new highs for the year or long er. Including Western Union, Erie common and certificates, Chicago and Eastern 111. "A," Twin City Rapid Transit pre ferred, Goodyear and Goodrich. Of the two "specials" which went through the exchange's machinery, 12,800 shares of AI lis Chalmers was quickly over subscribed at 23 A block of 20,000 shares of Woolworth, of fered at 28, took a bit longer to negotiate. American Can 67 J Am Car & Fdy 251 Am Tel &. Tel 1218 Anaconda '. 25 J Calif. Packing 18 Cat Tractor 34J Comm'nw'lth & Sou 318 General Electric 26J General Motors 38 Gt Nor Ry pfd 22i Int Harvester .... Kennecott Lockheed ... Long-Bell "A" .. 471 308 188 3t 31 6i 9 61 18i Montgomery Ward Nash-Kelv N Y Central Northern Pacific Pac Gas & El Packard Motor 21 Penna R R .....'J. 21J Republic Steel . 13! 7J 361 561 13! 31 31 4i 78 46i 58 Richfield Oil Safeway Stores Sears Roebuck Southern Pacific . Standard Brands Sunshine Mining Trans-America Union Pacific U S Steel Warner Pictures v I fired two shots at snipers. Ma, James Roosevelt, after Ma kin Island raid. Always read the want-ads. TODAY AND TOMORROW ONLY! 2 Great Hits You'll Cheer! 2nd Grear Trearl iMas LIVESTOCK SOUTH SAN FRANCISCO. Sept. 8 (AP-FSMN) Cattle: sal able 400. Steers slow, barely steady; one load north coast 1109 lb. good grass steers $13.25; she stock weak to 25c lower; lead range cows $9.50; bulk can ners and cutters S6.50-7.50; med ium sausage bulls $9.50. Calves: 50. Largely medium to good heavy calves. Good to choice quoted $13.00-50, heavies down $12.00. Hogs: salable 600. Steady with Friday; one load $15.15 ex treme top; bulk good to choice 185-235 lb. barrows and gilts $15.00; one load choice 274 lb. $14.65; odd good sows $13.00. Sheep: salable 3000. Fully steady; about four decks med ium to good 79 lb. clover lambs $13.00. sorted 25 per cent; med ium to choice ewes quoted $4.50-5.23. PORTLAND, Ore., Sept. 8 (if) (USDA) Cattle, salable 225, total 325; calves salable and to tal 150; market rather slow, mostly steady but canner and cutter cows easier; few common medium grass steers S9.50-12.00; odd head $12.50-13.50; common medium heifers $8.00-11.00; light dairy type heifers down to $7.00; canner and cutter cows $5.00-6.25; fat dairy type cows to $7.00; medium-good beef cows mostly $8.00-9.00;' two louds $9.25 and $9.75 sorted; medium good bulls $9.25-11.00; common bulls down to $8.00; two decks medium-good vealers $14.00; choice vealers to $15.00, com mon down to $9.00. Hogs, salable 400, total 550; market slow, mostly 25 lower; good and choice 170-215 lb. drive-ins $14.85 to mostly $15.00; a negligible lot to $15.10; 230 230 lb. $14.25-50; light lights mostly $14.25; good 300-600 lb. sows $13.00-50; choice 73 lb. feeder pigs $15.50. Sheep, salable and total 1600; market rather slow, mostly steady with extreme top 25 high er on improved quality; load good-choice 87 lb. spring lambs $12.25; good-choice truck-ins largely $11.75; common-medium grades very slow with feeder demand limited; good ewes $5.25; load medium-good grades 4.50. common ewes down to $2.00. POTATOES CHICAGO,' Sept. r 8 (AP USDA) -Potatoes, arrivals 48; on track 344; total US ship ments Saturday 600, Sunday 33, Monday 144; demand fair, market steady: Idaho Russet Burbanks US No. 1, $4.00-05; US No. 2, $2.60; Oregon Long Whites standard grade $2.90 3.00; Oregon Cobblers US No. 1, $1.62H-65. BOSTON WOOL BOSTON, Sept. 8 (AP-USDA) Demand for domestic wool con tinued strong on the Boston market today. Sales of graded three-eighths territory wools were made at a clean basis price of $1.03-1.05. Ohio wools were reported sold at grease basis prices of 52 cents for three-eighths blood and 53 cents for three-quarters blood. There's a Girl Like Mar vin Myles Hidden in Every Man's Life! Sales In the opening of the Portland wool auction were about 50 per cent of offerings. Top prices reported was 51 cents for 32,000 pounds of three-eighths, and second high 46 cents made on a lot of the same grade of wool. WHEAT CHICAGO. Sept. 8 (AP Grain prices responded to the possibility of a "floor" under farm products, as mentioned by the president in his Labor dny message to congress, with sub stantial gains today. Aggressive buying pushed prices higher in all pits, with the exception of soybeans, and at one time wheat was up more than 2 cents from the previous session's close and at a new high for about the past two months. The bulge brought out some selling, however, and extreme gains were shaved although the market maintained a firm un dertone. Trading was active on the advance, but quieted later In the day. Soybeans failed to follow grains. Weakness in beans pre sumably reflected the immi nence of the government's tak ing over the handling of the coming crop. At the close wheat was ll-li cents higher, September $1,221 I. December $1,251-1, and corn was up 8-1 J cent, September 831. Oats , finished 1-8 higher, rye advanced 21-21 and soy beans were off i-l. FUNERAL SALLIE ANN HOOPER The funeral services for the late Sallie Ann Hooper, who passed away in Ashland, Ore., on Sunday, September 6, will take place from the chapel of Ward's Klamath Funeral home, 925 High street, on Wednesday, September 8, at 3:30 p. m., the Rev. Bertrand F. Peterson of the Ashland Nazarene church offi ciating. Commitment service and interment in the family plot in the Iinkville cemetery. Friends are respectfully invited to attend. There were more aircraft the' enemy being Focke-Wutf 190s. They wouldn't come in and fight on even terms. Lieut. Sam F. Junkln, first American fighter-plane pilot to down, a German plane. DDQED.DEE NEW TOMORROW! For 4 Great Days , & 4Trw; ft " 111 mt jVv . . .Mo JH 1 ?W Ag? 4 I ior(His stutiis! LMtHtir 1 ii 9 1 mi tM! Bazzlitc ip cUtM N i 1 4 f I Kmll lirlnl lilltitlil! If UAL fek 0"" L"' o- SPENDING TAX T nin VI. LEW TALKED WASHINGTON, Sept. 8 (? Rejecting the treasury's spending tax plan 12 to 0, the senate fi nance committee narrowed its hunt for new revenue today largely to a proposal for a new 5 per cent "victory" levy on in dividual earnings above $624 a yt-ur and ait alternate 5 per cent sales tax. Chairman George (D-Ga.) said lh committee had rejected on a voice vote a $6,500,000,000 spending tax program submitted by the treasury and now was considering his suggestion for a 5 per cent "victory" tax which would raise a total of $3,650, 000,000 yearly of which $1,100, 000,000 would be rebated to tax payers. Substitute George brought this sugges tion before the committee as a substitute for a motion by Sena tor Guffey (D-Pa.) to impose a flat 5 per cent retail sales tax, w ithout exemptions, calculated to raise about $2,500,000,000 yearly. All of these proposals were in addition to present taxes and an ticipated increases voted by the house in the new revenue bill. Backed by Morgenthau The spending tax system was submitted to the committee per sonally last Thursday by Secre tary of the Treasury Morgen thau. As outlined to the committee at the time, the program called for a 10 per cent levy on all of the money spent by single per sons who earned more than $500 a year and married persons with mote than $1,000 income. Mar ried couples would be given an additional $250 credit for each dependent Dorris Paul Foster Evans, son of Grammar School Principal Paul Evans, arrived late Friday night iio aitcnas school near Milwaukie Portland. high Mrs. Murray Marshall and daughter Denny, returned to Dorris Saturday from Grass Val ley, Ore., where they spent three mum nn m WHO uu BROADWAY MADE IT FAMOUS! EDWARD EVERETT HORTON REGINALD OWEN For Your COLOH CARTOON Mother Qoose on the Loots" Mucho Mocha 1 . u 1 m JW1 jL NT- Margaret Elston, above, nas no wor rtos about coffee rationing, she grows lier own coffee. In Los Angeles, from seeds obtained In South America three years ago. The plants are now beginning to produce coffee, and Just tn Unie, with rationing Just around the corner. weeks on vacation. They wr accompanied by Mrs. Norma Roth, who will visit at the Mar shall home. Archie Christenson has been notified to report at Dunsmulr September 8 for army induction. Mrs. C. A. Stahn spent Inst week nt Medford, where her hus band was employed at Camp White. Both have returned to Dorris. Mr. and Mrs. George Bailey have gone to Tillamook, Ore., where Ballcy will work on a government project. Ho recent ly terminated similar work at Medford. William Huso, on vacation from his duties at the state quar antine station until September 15, is driving a truck on a high way job south of here. Marvin Rowland and Roy Warden of Panther creek look out, spent Saturday night at the home of Rowland's parents at Dorris. They all attended a mid night show at Klamath Fall. Mrs. L. M. Chase and daugh ter Nancy, returned last week end from the bay area, where they had been visiting. "Want-ads" cost little bring results! , HURRY - 0. TiTKV Mdwf ... ljlJei- ; MS . 2 50CKO nra. "PACIFIC RENDEZVOUS ,f.. Bowman Jh. Hog.r. GENE AUTRY In f "Coll of tho Canyon ;: pq Sing out the) newsl Nothing p ' gayor nothing grander than j.7 phis magnificent booqie-woogie f 1 son as the chap her forget her halol Singing, ' romancing gionousiy logetn 'S' er aaain in M-G-M's mam- ?m moth musical wonder showl! wwmwm BINNIE BARNES DOUGLASS DUMBRILLE Added Enjoyment! "Unci, flnm'i "Strangar Plrdon" Iron Warriors t.i OLSON OE LOS ANGELES. Sept. 8 (AP) California's Governor Olson Li home from Washington after successful conferences, he told newsmen, on such diverse sub jects as coast defenses, liberal ized old ago pensions and un derground storage of natural gas. Returning by plane yesterday, the governor said he had been assured: 1. Of stronger coast defenses, 2. Of Social Security board approval of eased pension re strictions. 3. Of favorable Interior de partment action on underground gas storage plans. The governor's program, which he said would be effective soon In' California probably In fluencing pension payments na tionally, provides that recipients of old age benefits would be permitted to earn up to $82 monthly In excess of their $40 pension? without deduction. "I Impressed upon Washing ton the Importance of giving us priority of land troops and planes to strengthen coast de fenses," Olson said. "If the Japs hit Siberia wo know that if any point In the United States Is to be attacked It will be the coast." Sprague Rejects Proposal to Drop Food Truck Tax SALEM. Sept. 8 (AP-Gov-crnor Charles A. Sprague said today he has rejected a proposal by Governor Chaso A. Clark of Idaho that vehicles transporting farm products In interstate com merce be permitted to operate on Oregon highways without payment of permit fees and ex cise taxes. "I am unwilling to do this be cause I do not believe that it is sound public policy," tho gover nor wrot to r-UrW At jsWIr; price levels, farm products and particularly livestock can well afford to carry the burden of present excise taxes. It would also be discriminatory as against intrastate contract and common carriers." ENDS TONIGHT! musical ex- angell NoUL , who makes Than ASSURED COAST DEFENSE f 1 I mm mum Last of Thrco Benton Brothers Dies Saturday REDDING, Calif., Sept, (I (!") The lust of throo llenton broth- ors, widely known in ndilliern California In connection with their real rslulu ami night club operations hero, has died. Deputy Coroner Glen Linn said Hlchard "Dick" Ilenton drowned in a gold dredger "nd Into which his horse stumbled whllo leading the Shasta county sheriff's special posse on a camping trip west of here Sat urday nlithl. John Benton, for whom Hie Redding airport was mimed, was killed In a piano crush whllo on a goodwill tour of Snulh America several years ago. Ted Denton died of u heart ailment Inst year. School Kids Had Better Watch Their Step Now SALEM. Sept. 8 (API Stiila Superintendent of Public In struction Ilex Putmim served no tice to school kills today that they face "stum disciplinary measures'' If they misbehave In classes. Putnam, who recently return ed from tho national Institute on education and tho war In Washington, D. C, said classes will bo crowded and the schools have such a hard task ahead of them that teachers ami princi pals will crack down on students who disrupt classes, s "Every classroom In the na tion must become a unit of max imum effort in tho total war picture," Putnam snld. New berg Resident Takes Own Life PORTLAND. Sept. 8 (AP State policemen last night found tho body of a mnn identified by papers In his clothing lis Emery Bclanger. 51, Newborg, near Frog Lokc Just off the Wnplnltla highway. A hose led from the ex haust into the car and a note pinned to tho mon's cont, dated August 26, asked forgiveness for his act The widow, Minnie, Newberg, survives. The body was taken to the Wasco county morgue at The T War time rush leaves the scis sors grinder about tho only one finding things dull. Doors Opon at b.-jj p. hi. 2-FIRST RUN HlTSl-2 It's The Biggest and Best Show Treat We've Brought You in Months! And Horo's Our Second Smash Hit! w Extral BRENDA MARSHALL '8,""r ARTHUR KENNEDY MMl E NEWARK, N, J Sopt. R (AP) Discovery of a xiwcrful lime bom!) In tho Western Elnetrlo company's vast Kearny plant was disclosed by ihn Federal llureaii of Investigation today with tho arrest of an employe who supposedly had found II, E. K. Cunroy, assistant Fill di rector, said tho bomb had lieen set to I'xpludn at 11 p. in. Sim duy, but that at 10:42 p, m. It was tinned over to company guards by lli'innril Juscph U' Donni'll, 21, ut Teuiieck. Guiirds ripped out wires to prevent a ilctiimitliin, llud tho bomb exploded In strategic spot, Conroy said, could have killed 100 persons. O'Donncll was charged with attempted sabotage, but Conroy snld Ihn prisoner protested he had made and planted the bomb only as heroics and to demon stride that It could he done. Right NOW! t : EgS'sliMiillMIM ) i i'oHNMj Lv" PAYNE 3 A: GRABLE u. matureJ Jp-,'1 VI --'K r !' fih WYMN OltASOH MMIWf Uu! Mmih" K'M Ntltr Nrwt SWEET F LOWER oV'OVlU" Airmail Edition News iSBtrummmmmmm