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!
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K'M Ntltr Nrwt
SWEET F LOWER oV'OVlU"
Airmail
Edition News
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