PACE TWO
MONDAY, JULY 14, 19-17
HERALD AND NEWS, KLAMATH FALLS, ORECON
MARKETS and FINANCIAL
Stocks Spurt
Upward Again
NEW YORK. July 14 (tPy The
stock market ! Industrial average to
day touched another peak since last
August In one of the liveliest ses
sions of the past two months as
public bidding expanded In virtually
all departments.
Ralls led forenoon push, fol
lowed by oils, motors, steels and as
sorted special Issues. Liquidation
cropped up at Intervals but this
was well absorbed In most cases.
Selling was a bit more Insistent In
the final hour and extreme plus!
marks running to 3 or more points
were reduced In the majority of In
stances at the close. A smattering
of declines appeared. Transfers of
around 1,700,000 shares were the
best since May 18.
In the "new high" ciass were Mc
Oraw Electrlo ton an extra pay
ment), Phlllpps Petroleum (on a
raised quarterly), Sears Roebuck, In
ternational Harvester, American
Smelting, Union Pacific, Barnsdall
Oil and Amerada Petroleum.
Ahead were U. S. Steel, Bethlehem.
National Steel, Youngstown Sheet,
Chrysler (the splltup issues!,,, Gen
eral Motors, Studebaker. U. S. Rub
ber, Montgomery Ward. Bendix.
Eastern Airlines. United Air Lines,
Penn-Central Airlines, Philip Mor
ris, U. S. Gypsum, Santa Pe,
Pennsylvania Railroad, N. Y. Cen
tral, Southern Pacific, Southern
Railway, Baltimore Ohio and
cnesapeake &Ohlo.
Railway bonds stiffened selective,
ly. Commodities were nervous. Cot
ton,, toward the finish, was un
changed to off tl.OS a bale. At
Chicago wheat eneded down "i to
3 cents a bushel, com up to She
ana oats up to -c
Al Chem A Dye 186H
American Can 931
Am Pow & Lt 134
Am Tel St Tel J5T
Anaconda 3i
Atchison
Bendix Aviation
Beth Steel
Boeing Airplane
Calif Packing
Canadian Pacific
Case J I
Chrysler
Comwlth Ac Sou
Consol Edison
Cons Vultee
com ins
Crown Zellerbacb. .
Curtis Wright I
Douglas Aircraft .
DuPont Dene
General Electric
General Foods
, General Motors
Goodyear Tire . .
Ot Northern Pfd
Int Harvester
Int Paper Pfd
Johns Manvllle
Kennecott
Long Bell "A"
Mavtasr
Miami Copper ,
Montgomery Ward .
Nash Kelvinatdr
Nat Dairy
NY Central ...,
North Am Co . ,
Northern Pacific
Pac Am Fish
Fac Gas & El
Pac Tel & Tel
Pan American '
Penney J c
Radio Corp
Rayonler
Rayonier Pfd
Reynolds Metal.
Richfield
Safeway Storea
Sears Roebuck
Sinclair OH .
Southern Pacific
Standard Brands .
Standard Oil Cal
Stewart Warner
Studebaker Corp
Sunshine Mining .
Union Oil Cal
Union Pacific
United Airlines
United Aircraft
U S Steel
Woolworth
38'i
874
-44
81
17K
28
1-H
40
694
34
264
.- 134
- 52
30
- 5
8714
-.185
- 384
- 42ii
604
- 48
44
- 85
..106
444
- 474
184
104
154
2
-. 174
.. 324
, 164
26
.. 204
- 134
404
-.1044
114
474
- 84
- 224
36
25
- 164
- 234
- 404
- 164
- 464
30
- 62
17
- 214
104
.. 224
-.138
- 23
- 20
.. 76
.. SO
Wheat Shows
Some Losses
CHICAGO. Juiy 14 V Deferred
corn and oats futures were strong
today, with September and Decem
ber corn contracts reaching new
seasonal highs, but wheat was weak
and around a cents a bushel lower
most of the session.
Hedging sales against the new
crop, and an Increase In country of
ferings Influenced wheat prices.
Aooui sw.uuu Dusneis 01 wneat were
reported booked to arrive.
The government bought no wheat
at Kansas City Saturday, lt was
reported, and its buvlrur price was
said to be unchanged today.
Wheat closed 4 to 3 cents lower
than the previous finish, July 82.35
2.364. corn was up 4 to 6. cents,
July (2.164-4. and oats were 4
to 2 cents ahead, July 81.02.
LIVESTOCK
CHICAOO, July 14 (AP-USDA)
Salable hogs 8000; total 12.000;
weights under 300 lbs. fairly active
and uneven; generally 25-76 cents
higher; heavier weights slow, steady;
sows In Increased supply, steady to
50 cents lower; most decline on
weights over 400 lb.; top 27.00 spar
ingly: bulk good and choice 170-250
lb. 26.00-26.75 : 260-280 lb. 34.50
26.00 : 280-330 lb. 23 35-24.25: around
.so id. weights 21.00-21.50: good and
choice sows under 400 lb. 18.00-21.00:
few 21.25: 400-450 lb. weights 17.00
-.-a; ISO-sou id. iB.oo-17-la; over
500 ID. 15.50-16.00. -Salable
cattle 14.000. total 14.000:
salable calves 1000; total 1000: fed
steers and heifers 50 cents to 1.00
nigner; active at advance: choice
1300 lb. steers topped at 31.50; three
strictly choice head 31.76; most good
and choice steers 27.60-31.00; com
parable heifers 25 00-28.25; choice
866 lb. heifers 29.60 with comparable
mixed offerings to 30.00: onlv grassy
icr sieere unaer .6.00; with simi
lar heifers 24.00 down; cows uneven
ly steady to 6Q cents higher; strictly
good cows to 22.00; Hetferish kinds
to 24.00; .cutters 14.60 down; bulls
and vealers steady; weighty bulls to
18.00 and choice vealers to 24 on:
stock cattle scarce, firm.
6alable sheep 2500; total 2500:
fairly active; slaughter prices steady
to 26 higher, good and choice ewes
and spring Iambs 26.00-25.60; three
loads medium and good old-crop
clipped lambs with no. 1 nelts ai mi
wiua yearungs ewes and wethers out
at 20.00: common to choice aged
slaughter ewes 6.00-8.00? thr ,wt
cull grade 84 lb. shorn California.
o.w. ,
SO. BAN FRANCISCO. Julv 11
(AP-USDA) Ralahl. rttl son-
calves 100: aualitv Dlsim
steady to strong ; about 12 head 80
day good fed steers 824-0; few common-medium
heifers 818.00-20.00;
toe Iter heifers $17.00; about 6 cars
meaium-good fat grass cows 115.00
16.50; common $12.50-13.50: canners
cutters firm. $10.00-11.00; calves
steady, package 206 lb. vealers $23.00.
oaiaoie nogs luu. around 50 cents
higher; few gcod-cholce 180-220 lb.
barrows and gilts (27.00: odd cmd
sows 821.50.
Salable sheep 800. mostly north
coast lambs; good-choice sorted
wooled spring lambs held up to
$24.00; one double good shorn 75
lb. lambs (21.50 early; cull-good
ewes quoted (2.00-6.50.
Amphibian Plan Crashes in Street Killing Two
ivrrr-T5
-iir ' ' - - ---! !
Attempting an emergency landing In a Philadelphia atreet. an amuhlbloiia rsbln nl.na rrhl In
view ot hundreds of persons, killing Howard A. Perkins. 40. socially prominent head of a Wllmlnitun.
Dei. construction company, and Injuring the pilot so critically that he died a few hours later. Two
other persons In the plane were Injured. The (roup was returning fretn the Monmouth park race and
ran out of gas. .
POTATOES
CHICAGO. JulV 14 (AP-USDA)
Potatoes: Arrivals 306: on trarlr
342; total U. S. shipments Friday
1067. Saturday 837. and Sunday 50:
supplies moderate; demand fair;
market about steady an best, slight
ly weaker on others: unsettled un
dertone for red varieties; Arizona
Pontiacs (4.00: California Long
Whites (4.25-4.65; Washington Red
Warbus (5.00, Bliss Triumphs (4.50;
Kansas Red Warbus $3.40-4.76; Ida
ho and Oregon Bliss Triumphs $4.25
4.60: Missouri Red Warbus 13.25:
Texas Cobblers $3.40 (all U. S. No. 1
quality washed).
Wheat Crop
Held Good
OLYMPIA. July 14 WV Fred Mar
tin, state director of agriculture,
estimated today that the wheat har
vest in Washington will be above
average this year but below last
year's above-average yield.
He said the yield should run about
62.500,000 bushels or 80 per cent)!
last year's 78.000.000 bushels.
Martin said recent storms did not
do s much damage to standing
grain as first reported and "in gen
eral the yields axe higher than an
ticipated." He reported the yield Is running
25 to 30 bushels per acre through
out the Big Bend area and some
what higher In Whitman county.
Winter wheat In the Qulncy area
of Grant and Douglas counties is
averaging about 10 bushels to the
acre, he said. Harvesting has not
yet started in tne Blue mountain
foothills In Columbia and Asotin
counties, Martin reported, but said
"the stand looks very good and Is
expected to exceed last year's yield
by about 10 to 15 per cent."
State Department
May Take Over
WASHINGTON, July 14 lPy-Av
slstant Secretary of State John Peu
rifoy said today "lt is quite likely''
that the state department will take
over the government of occupied
areas in Germany, Korea and Ja
pan "in the next one or one and a
half years."
He told a house expenditures sub
committee that the army would
continue Its policing duties and
maintain constabulary forces until
peace treaties are signed, but the
state department would handle gov
ernment and relief matters.
Farm Offices
Slate Move
WALLA WJLLA. July 14 OP)
State , offices of the Washington
state farm bureau and headquarters
of the, Washington-Idaho Wheat
Orowers league will move to Spo
kane from Walla Walla early In
August, lt was announced today.
Ralph T. Gillespie of Pullman,
farm bureau president, and Walter
R. Johnson, Spokane wheat league
head, said leases had been signed
for space In the great Northwest
Life Insurance company building at
Spokane.
Arthur A. Ziegler. secretary of the
two groups, will head the Spokane
office staff. At the same time It
was announced that Harold J. Roff.
ler. until recently chief of the sta
tistical section of the stall produc
tion and marketing administration's
state office here, would be com
modity director at the new office.
Demo Director .
Gets Driving Fine
SOUTH KINGSTON. R. I.. July 14
") Gael Sullivan. 42, vice-chairman
and executive director of the
democratic national committee, to
day was fined 3100 and costs In dis
trict court on a charge of dangerous
driving the night of July 3.
He had previously pleaded Inno
cent In the snme court to a charge
of driving while udrr the Influence
of liquor, but the charge later was
reduced to dangerous driving. Sulli
van today did not contest the lesser
charge.
Mothers Know About
Pile Discomfort
- how to ease rich and burn
u-i?,'7.l"TJfnw ;h,t Uw "f tlhl-
Mrth olun brlngi the uneomfort-bl. Itchin.
."J, " ""' "ilk m (moua nl.
eKed .Inunent c.ll-J Rttlnol. Thli rrt
medidn. ui lnjui.ll- to Ihe th bum.
ealm the Inttnu llebln.. and Mfttn th. hird
S.i f, war ni don't b. OTb.r.
Hh7Li '7'''? '? ",l'l?r """" stn.llr
U irwt rtluf it -j,-, cm Ihi. d cot.
FIVE MTNTJNTE PRACTICES
In the earlv davs of nnrAnif
baseball, teams practiced only about
five minutes before a game.
NICKNAMES CHANGS
The St. Louis Cardinal
ly were known as the Brnwm and
plater as the Maroons.
Attention ex navv men. You mav
reenlist In the regular navy within
80 days for a two year cruise, re
tain your rate and service.
The United States navy recruit
ing substation Is now located in
room 307 of post .office building in I
Klamath Falls. Telephone 3431. I
EliECTIlIC
MOTORS
Delco-Sunlit Distributor
For your convenience . .
Our motor bruih and bear
ing frock i$ the largest in
this district.
REBUILDING - REPAIRS
SALES
Electric Co.
735 Commercial
Phone 3268
Klamath Business College
733 Pin St.
Phone 4760
Enroll now for Special Summer Study or
tor a Complete Business Course.
FOR OXYGEN, ACETYLENE, WELDING & CUTTING SUPPLIES.
( weekly service to your door! ) , STEEL PRODUCTS and PIPE
" TRY
SESSLEE. BROS.
"Your National Cylinder Gas Co. Agents Since 1929"
543 MARKET ST. ' PHONE 4862
.KLAMATH FALLS, OREGON
CENTRAL POINT NS
- NwMEDFORD CHErMlLT W
FORT KLAMATH "
PoliceAnd
OYS Begin
Schoolwork
(Continued from Pngo One)
have the school running at full
tilt In a month or two.
Itliiht uuw It haa an uufliilxhed
appruiaiu'e, with even the ndiulii
lutralloii building under repair. The
Itrouiuls of the Installation, li'l lio
to weeds durliiK Its dead perliid
since the marines left. Is heliiK
groomed to lake muie of a rollciia
enmpus niipenruncc.
The murines hnd nunu'd all the
streets to siKiilly murine vlitorles
In the Paclftciich an Iwo Jlnm,
tlunm. auadnlcunnl, Pelellu, llou
lialnvllle but I'urvlue suld Hint
nlnce most of his ex-UI ntudruta
were In other brnnrhes of Hie serv
ice, the slttintlon mlnlil have been
cxplontve 11 the aUecU ImUn'l been
re-muikrd.
N'autea t'haugrd
Now the slims indicate Orruoii.
California, Washington and Idaho
bnulevartls, Nevntla plana, and iiuui
brri'il streets. First thrutiuh Dev.
enth.
Much of the till military Inatalla
tlnn Is hrilir used bv OVH. All the
service btiilillii.s. water plant, hrat
Ini plant, fire department, srwaie
dlipoaal, are continuing In those
eaparltles. The administrative staff
Uvea In the married officers quar.
terai married students oertiiy two
wlnia of the Hill), Simla iludniH
have two oilier wlnis and a nearby
barracks, ami three other barracks
are being readied for apartments.
Iimtnu'tora have aparliueuta In
the (ilii ilependenta' hospital; three
mi'iils a day are served at the 1UH.
with Henry Hwlaeitond nrralillng al
Hie rnnue. The inrss hall will be
ll ml fur light 1hip. wiirrluiukrs
fur attirniie and even the nrver
HM'd new lulu for aeimilly stnratte.
'I'he state pullce are now unlm II
for an arsenal.
When the ball Marts rollluK lo
morrow, I lie OVB students will be
In clnu fioin II a. in, until 4 p. in,
and the Kliuiiath llua company will
run buses from 4th and Main to
the school, Just in the days when i
the marines were there. I
Itiillroads burn about iinejuurth
of nil dlrxel luel coiuuinetl III the i
Untied States. 1
Mansfield Given
Highest Praise
WASHINGTON. July 14 l-nrp.
JoJseph J. Mansllpld of Texas, who
died Hntunlny al 111 after M yaan
nf aervlre III the hntise, was euln.
Ulri'U tixlny by hi rnllmmura .
ilrmiHTiits mid ri'inibllrans alike.
Itep. Itnylnuu tit Tesaa, hou
drmiH'ratln leader, told the hmme
"lit my iipluliiii Judi Matufleld
th moat popular, the most lovrd
man In the house nf representatives."
ACCORDION
LESSONS
and
Accordions to Rent
tool Mw. Dlh I'liuii iWi
ll
HEAVY HAULING
CRANE SERVICE
Equipment in Klamath Fait and Mo-ford
Phont 4455
OK TRANSFER CO.
350 Spring
II
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PERFORMANCE
Vornadufan sets new standards In free air
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SAFETY
Moving parts enclosed. Illade dfilfn elim
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BEAUTY
Smooth, rrnceful llnei nd btmuUful colon
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ir QUIET
Performance In a whisper! Murmurs and
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if ECONOMY
New hlfh ratio of air delivered to blade
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i
124 No. 4th
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