PAGE FOUR HERALD AND NEWS, KLAMATH FALLS, OREGON a'HURS'HY. JANUARY 3J, lMi MARKETS and FINANCIAL drains Tumble To New Lows Today CHICAGO 11 Grains suffered a pretty steep splU on the board of trade Thursday, all corn and oais contracts tumbling to new lows on the decline which began Deo. 12. Other cereal? also sank several cents. 'The market was hit' by two sell ing waves In 'the morning. After that, !$ 'made a ' very : slight re covery until about the last IS min utes., then renewed liquidation swept Into the pits, knocking many deliveries to new lows for the day. Brokers weren't too sure of the reasons -for ' the liquidation, but opinion 'seemed to center on the news.'frpm Korea, where the United Nations had. agreed to tackle the final clause- in, the Korean armi stice. Borne other points have not been settled; , " Some' holders of grain apparently paw, peace behind this move, as it would include recommendations on the withdrawal of foreign troops Irom Korea. Wheat closed 5 &-3 lower. March J2.56 4,, corn 2 to 4 cents lower, March $1.85, oats 1 t.-2 4 lower, March 89-89 Ji, rye 4 to 5 Vi lower, iMay $2.06 fry,, soybeans , 2 to 4 cents lower, March $2.99 K-!s, and lard 15 to 35 cents a hundred pounds lower, March $13. 87. " .r .. . . ' Wheat Open HiRh Low Close Mar 2.58 2.58 2.56 V4 2.56 May 2.55 2.55 ?, 2.51 5 2.52 y4 July . 2.49 2.49 2.45 Vi 2.45 Sep 2.50 i 2.51 B 2 47 2.47 i dec 2.54 2.54 Y 2.50 & 2.50 Ti . Most Stocks Show Some Loss Today NEW YORK W The stock market retreated Thursday but not wiuioui a good snow ot resistance to the selling in both the first and final -hours. Losses extended as far as be tween 2 and 3 DOlnts amone leaders and minus signs in the range of 1 to z points were xrequeni. uains were scattered and small. Volume stepped up to an esti mated 1,900,000 shares. All of the major divisions were on the downside with steels, rails, oils, coppers, chemicals, and rub- oers prominent in me iau. Quotations New York Stocks By The Associated Press Admiral Corporation 25 74 72 Allied cnemicai Allis Chalmers American Airlines American Power & Light American Tel. & Tel. American Tobacco Anaconda Copper Atchison Railroad Bethlehem Steel Boeing Airplane Co. Borg Warner Burroughs Adding Machine California Packing Canadian Pacific Caterpillar Tractor Celanese Corporation Chrysler Corporation Cities Service Consolidated Edison Consolidated Vultee Crown Zellerbach Curtiss Wright Douglas Aircraft duPont de Nemours . - -Eastman Kodak Emerson Radio General Electric General Foods . 1 General Motors Georgia Pac Plywood Goodyear Tire Homestake Mining Co. -International Harvester International Paper Johns Manvflle Kennecott Copper Libby, McNeill Lockheed Aircraft Loew's Incorporated . Long Bell A Montgomery Ward Nash Kelvlnator New York Central Northern Pacific Pacific American Fish Pacific Gas It Electric Pacific Tel. & Tel. Packard Motor Car Penny (J. C.) Co. Pennsylvania R. R. , Pepsi Cola Co. Philco Radio Radio Corporation Rayonier Incorp Rayonier Incorp Pfd Republic Steel Reynolds Metals Richfield Oil Safeway Stores Inc. Scott Paper Co. Sears Roebuck & Co Eocony-Vacuum Oil Southern Pacific Standard Oil Calif Standard Oil N. J, Studebaker Corp. Sunshine Mining Swift It Company Transamerica Corp. Twentieth Century Fox Union Oil Company Union Pacific United Airlines United Aircraft United Corporation United States Plywood United States Steel Warner Pictures Western Union Tel Westinghouse Air Brake Westinghouse Electric Woolworth Company 51 V, 15 22 V4 156 V, 65 , 52 79 y, 53 Vs 48 4 62 18 26 35 i SO -V 46 69 i 108 Vs 33 19 . 56 9 , 60 87 ' 45 ?8 14- Va 58 y 43 Va 51 21 46 34 35 48 69 89 Va 8 23 16 48 V, 63 19 19 61 "c 16 35 V, 109 4 70 y4 19 9 28 , 24 66 42 66 Vt 57 V, 30 . 53 55 39 63 A 53 Vt 80 4 32 11 33 y, 23 18 40 111 5 32 V2 40 14 42 4 26 37 -V, Portland Grain PORTLAND Wl Coarse Grains, 15 day shipment, bulk, coast de livery: Barley No. 2 48 lb b.w. 73.50. Wheat (bid), to arrive market, basis No. 1 bulk, delivered coast: Soft wheat 2.46; soft white (ex cluding rex) 2.46; white club 2.46. Hard red winter: Ordinary 2.47; 10 per cent 2.48; 11 per cent 2.49; 12 per cent 2.50. Hard white baart: Ordinary 2.48; 10 per cent 2.48; 11 per cent 2.49; 12 jer cent 2.50. Thursday car receipts: Weat 67: barley ; flour 13; corn 5; oats 2: mill feed 4. 1MI (HINDU SU UNI 944 Klamarii Arg. Mimic 407 1 J v4 ' ) 1 (' - L; l (if KLAMATH FALL! Wt We'll Weather Western Oregon Showers and partial clearing Thursday and Thursday night. Friday mostly cloudy with showers and mild tem peratures. Highs both days 45 to 55. Lows Thursday night 38 to 44. Winds off coast southerly to south westerly and 20 to 30 miles an hour. Eastern Oregon Mostly cloudy with showers Thursday. Partial clearing and scattered showers in mountains Thursday night. Friday mostly cloudy with showers. A lit lie cooler xnursaay nigiii wiin lows of 22 to 32 except about 15 in higher valleys. Highs both days 36 to 46. By The Associated Press for the Z4 hours to :3U a.m. Max. Min. Precip. 36 . 24 .06 44 , '34 .13 ! 58 .47 , .47 , ( 44 ' 32 . .02 ; 38 - 32 .03 j S 58 .." 50 .93 33 ' 25 .08 " 55 398 T . 57 44 .65 59 49 : .27 56 47 .87 ' 41 29 .07 26 23 59 29 . . t S65 49 : 23 19 ' 46 43 .13 ) 59 53 .01 .51 43 .94 39 - 32 .39 Baker ' ' -Bend t Eugene Klamath Falls La Grande '.' Medford North. Bend ' . Ontario . Pendleton - Portland Roseburg " ' Salem Boise Chicago Denver Eureka Los Angeles New York Red Bluff Seattle Spokane Chicago Livestock CHICAGO if( (USDA) Salable hogs 13,000; moderately active and uneven: barrows and gilts around 220 lb and less mostly steady with Wednesday's average but top 10 cents lower; other butchers steady to strong, instances as much as a cents higher than Wednesday's ex tremely uneven trade: sows largely steady: choice 180-20 lb 18.25-18.50; lew loads unuorm iyo-jiu id ib.do 18.65; packers 18.25 down: choice 230-240 lb 17.75-18.15 : 250-270 lb 17.- 15-17.65 : 270-310 lb. 16.75-17.10 most choice sows 400 lb. and less 15.25-16.25 : 400-500 lb. 14.25-15.25: occasional sows over 500 lb. 14.00 and below; clearance good. Salable cattle 2.50: salable calv- es 300: slaughter cattle dull: steers and heifers weak to fully 50 cents lower; some sales utility to low- choice grades off more: cows 50 cents lower; bulls about steady; vealers active, strong to 1.00 high er; short load prime 1.125 lb steers 38.00: load prime 1.300 lb weights 37.00; -choice to low-prime steers 33.00-36.25: good to low-choice grades 30.50-32.75; commercial to low-good steers 27.50-30.00; part load choice to low-prime yearlings heifers 34.50; few sales good and choice heifers 29.50-33.50; good bulls 26.00-27.50; bulk commercial to prime vealers 32.00-40.00. Salable sheep 2,000. good to prime fed slaughter lambs steady, more active: top 29.25; bulk good to prime 105-117 lb fed wooled iambs 27.00-28.75; cull to good na tives ia.ou-Z7.oo, mostly 17.0O-2S.0O; yearlings absent; slaughter ewes steady at 10.00-14.76. ... ; San Francisco Potatoes SAN FRANCISCO Wl Potatoes: 8 cars on track; Calif. 2, Nev. 1, Ore. 1 arrived; Klamath Russets No. 2 size A 2-inch min. $3.44. LOS ANGELES Wl Potatoes: 60 cars on track; Nev. 2, Idaho 12 arrived; 7 arrived by truck; trad ing light, no sales. r Maybe you'd like to know BMM1'1,aMBBaaaaaameaaaaaeaeaBaBaBa Gambler Vire Probe Eyed WASHINGTON Wl The Feder al Communications Commission or dered an investigation Thursday into any use of Western Union fa cilities In connection with illegal gamoung operations. The FCC directed Western Union to hold in abeyance, meanwhile, a set of new regulations proposed by the telegraph company to regulate transmission of horse and dog rac ing news over ira wires. These regulations were to have gone into effect at midnight Thurs day night. A postponement of the effective ante, to May 1 was ordered. . The FCC called a Dubic hearing March 3 to determine, among other things, whether there is any cur rent use of Western Union wires to violate state or federal statutes. San Francisco Livestock SOUTH SAN FRANCISCO FS- MN) Cattle: 20 Not enough to test market, early in week most classes steady, some cows off 50 cents, canners showed most de cline, around three loads of mostly good slaughter steers, Including few commercial and choice weigh ing 770-1110 pounds 33.00-34.50. can- ner and cutter cows mostly 15.00- 19.00. few low utility grade 20.00, shelly canners 13.00. Calves: None. Hogs: 200. Active, butchers and sows steady, choice 200-240 pound 19.50, 360 pound 18.50. 140-150 uound 18.00. 100 pound 18.50. around 27 head choice 340 pound sows 15.00. Sheep: 50. Around two decks holdover bucks, no early sales, Wednesday active, steady. 60 head good-choice 89 pound slaughter lambs 30.00, 45 head good choice 70 pound wooled feeder lambs 37.50. Potato Shipments 1990-51 1951.53 January 30 Month to date . Season to data . 9 33 ..870 80S 6103 Portland Livestock PORTLAND W Cattle salable 50: scattered sales about steady but demand fairly narrow; odd utility steers 25.00-37.00; cutter and utility heifers 19.00-24.50: canner and cutter cows 15.00-18.00; shells down to 12.00: utility cows 19.00- 22.00: few utility bulls) weak at 25.00-27.00. Calves salable 25; market steady few head prime 24W25 lb calves and vealers 38.00: good and choice 31.00-35.00: utility and commercial 20.00-30.00: culls down to 14.00. Hogs salable 150; market fairly active, about steady; choice 180- 235 lbs .20.25 mostly 20.50: few choice 250 lbs 19.25: 128 lb slaugh ter pigs 18.00: choice 350-450 id sows 16.50-17.50: good and choice 78 lb feeder pigs 18.00. Sheep salable 25: market nomin al: odd lots good and choice lambs unsold: good and choice under 100 lbs quotable 28.00-29.00; medium and good feeders salable 27.00-27.50 good slaughter ewes 12.50-13.00. Smallest Child Said Doing We'll SEASIDE. Ore. (P) The smallest child ever born at Seaside Hospital, one pound. 10 4 ounces at birth, was reported doing well tn an In cubator Wednesday, Its eighth day 01 me. The hospital reported the tinv in fant, a daughter born -to Mr. and Mrs. Ray Cook on Jan. 23, was pre mature but apparently was pro gressing well. Guayule, the only ,native plant grown for rubber In the United States, requires winter rams, then drought for the rest of the year. "What (continued form page one) MORE PRIVATE DAMS AND POWER PLANTS that wouldn't havo to be paid for with public money wnicn nas 10 De raised Ul timately by taxation. Nobody paid thorn any heed. As a matter of met, as l recall it, not one of them ho much as opened his mouth in the discussion. 1 suppose the statement will brand mo as a reactionary, but I couldn't help tniiiking 11 would be a good Idea to let some of these private power- men build some of these plants with private money, thus relieving some 01 the strain on the public purse. They'd have to compete with the public plants, anyway, so they couldn't do us much dirt. ' Incidentally, I want to add that we of Southern Oregon wore given the opportunity to tell of the dan ger of government DIVERSION OF OUR WATER that confronts us, and our plea for understanding and help was received most sym pathetically by these community workers from all over Oregon and Washington. - School Unit Slates Meet Constructive action is resulting from the recently broadcast Herald and News - Radio Station KFLW sponsored "Build the Basin" panel discussions on youth problems. Executive board members and several oilier interested persons of tile KUHS Parents and Patrons or ganization will meet tonight with KUHS Principal James Brown at 7:30 p.m. in his office at the hlirli school. Mrs. Richard Kingdon, president of Parents and Patrons, said vari ous problems brought by the two radio discussions on the youth problem would be discussed at the semi-private session slated for to night. Among subjects scheduled to be mulled over, according to Mrs. Kingdon, are establishment of a Youth Council, soltlmr un of a Counseling Center and Recreation Center, stricter enforcement of laws concerning Juveniles and stricter discipline in schools. Tonight's meeting. Mrs. Kingdon said, was just a first step to see if and what should be done about uiese points. She said If It Is felt a nnhllr meeting is necessary for further action on these topics. It will be arranged. Communist Boss Found Guilty PITTSBURGH I Communist Leader Steve Nelson was convicted of 11 of 12 sedition charges Thurs- aay. Nelson, former chairman of the Communist Party of Western Pennsylvania, Immediately asked ior a new trial, tie acted as his own lawyer during the 20-dav trial. Generally. Nelson was charged with violating Pennsylvania's 1936 anti-sedition law. That act forbids advocating acts designed to bring about violent overthrow of the government. INVESTMENT SECURITIES OWENS INVESTMENT SERVICE Lilted, -InaetlTe, Unllilra sag OTer.tha-Cennter bendl ang Stocki. Inrestment Fundi tn Hed-nen nirfe. Ph-e S-J KLAMATH FALLS does it take from an Tirymcaini LcobJes Mmrociiry Vottes "Eyewash" ilAum Still Word For Plains By The Associated Press President Truman said Thuradav he will not let his name stay In the presidential preference pri mary in New Hampshire. , . But. ha tokl Questioners, tilts does not preclude his running for re-eiecuon. He thus left his 1952 nolltical intentions as obscure as ever. If he decides to run. Trumnn told a news conference, he could gut the Democratic nomination without being a candidate In any 01 wo state primaries. All these primaries are eyewash, he said, and don't moan a tiling when the nominating convention meets. The man who entered Truman's name-in the March 11 New Hamp 11 DINTKlt'T COI! Hi' John r. Rtfthln nuarlAi.1 Vr.rtmt !W bail. Gordon C. Schlmberf. no opera tor Alfrfdo G. Carano, no vehicle license. Forfeit M ball. Clare nc E. Ilowia .na vehirla llMiiaa. forfeit M bail. urvai L.. Johnson, no clearance iisnu. Forfeit S3 ba 1. Allen A. Jtobtna, overload. Forfeit kso ban. Charles R. Vance, overlenath- Forfeit 13 Dan. (.rtarici R, Vance, overhelght. For felt SIS bail. Thomaa M. McAullfft, no tall light. t ine . Hiram P. Pcrauinn. Duiini on curve. Forfeit 10 ball. Cecil Spicer, defrauding Innkeeper. DUm Used. ueorie J. Cunha. truck iiMtMllnv Merle W Anderson, no ooerator'a 11. ccm Fin ttf Helen H Colev. na orxra tor's llransa MUNICIPAL COURT Robert Wimn. ran ri llirhi rnr. felt ball Martin Snyder, drunk Forfeit SIS oau Kelsey Duffer, drunk -Fine SIS or 71, dayi Harry McCartney, drunk Forfeit $15 bail BIBTIIS DUNCAN Born at Klamath Valley Hospital. Jan. 30. 111.12. to Mr. and Urt. Donald Duncan, IMS Gary St., a girl. Weight: 7 pounda 10. ounces. FaOBATK MATTKRK rBANEY Carolina S. r T a n y. named executrix In estata of Jack E. Franey. NEALEIGH MarUn L. Nealelin named admlniitrator in eatat ot Ua C. Nealellh. MANNING Howard Kakalday named admlniitrator in cauta of Klmer C. Manning. WHOLESALE LUMBER EXECUTIVE We ire a aubelaitUalj well-rated, 'wholwale plywood dUtributor In the , procesi of eitablliblng a whole tale lumbar dlvlalon. We are looking (or a wholeiale lumber executive to let up Uiur dlvlalon and to take romoUta charge of all purchasing and ulea. The man we are looking for ihould be well experienced In wholeiale lumber buying and arlllng wllh x tenilve mill and cuitomer contact!. We feel that we are offering the ' properly qualified man permanent poelllon which will carry him Into high Income brackets. Job require! Immediate move to De trolL Midwest Plywood Company -t 10101 Lyndon y Detroit 21, Michigan . Texo 4-8000 I Ever since mid -summer of 1950f military activity in Korea hat called for heavy transpacific air traffic by civilian cargo planes. Over one of their routes they fly a round trip of 13,460 miles some twenty-six times the length of the famous airlift into Berlin. Hundreds of companies help supply this operation. Here's what it takes from an oil company to run an airlift. , Standard's part in the Pacific airlift shows that it's a big holp to have large companies on hand when tho going nets rough. Our work is focused mainly at Wake Island, that pinpoint tome 4000 miles from the U. S. West Coast. After World War I!, Wnke was serving as a refueling atop for commercial airliners en route to the Orient. But then came the struggle at the 38th parallel ! To secure the special equipment seeded by ground crews, a Standard ship picked up the nearest available at far-off Canton Island. And at U.S. request, we helped build new storage facilities along Wake's runways, 1 S TA N shire primary, Lumberman James D. McFhall, had said "I know tho President will let his name stay on the ballot." Tho President has ten dnys from Wednesday to withdraw his name formally. Also entered In thin first of all 1052 primaries are Ben, Kefauver D.-Tcnn.,only Democrat to an nounce so far: Sen, Talt, R-Ohio; Harold G. Btasscn: and Gen. Ei senhower, all Reuubllcaiiii. However, the election will pro vide no key to the comparative strengths of the GOP and Demo cratic candidates since each party noma a separata primary. Check Artist Held Here A 28-your-old Casptcr, Wyo., man Robert Edward Law, waived pre liminary hearing in District Court late tills morning on charge of ob taining money by false pretenses. Law turned himself Into City Po lice Tuesday after coming here from Casper. He said he heard "he had some Tulelake Play Sure To Get Lots Lauahs TULELAKE "The Boarding House Reach" a comady In three acts, dealing with a young lad who decides to run a boarding house during the absence of hts parents In order to muko money to buy long-wanted bicycle will bring lot of laughs when presented Feb. 22. Curtain time is 1 p.m. In the high school gymnasium. John Vumn win direct. Leads will be played by Maxlne Ross as Betty Lou Maxwell, Paul Olsen as Wilbur Maxwell and BUI Bowels m Hercules Nelson. Other members of the cast that will spill In and out of the Max well home during the action are t'eggy Duckett as .Connie Maxwell; Lucille Ward. Bernndlne Smith: Jack Ayres, John Maxwell; Polly Haynes Janet Maxwell: Janice Schrocder, Aunt Mary: Art Gold blatt, Limpy McOuIre; Shirley Richardson, Nora McGuirc: Rex Jones: Pearl Moore Rouxhouse Ruby; Steve Crawford. Mr. Potter: Mary Lou King, Lucy Burns; Sally Thomas. Mrs. Mott and Bill White. Connolly, - oil company to run an f the island; To keep Wake and the airlift t (j, J k JEM I rl& , ILUIU ISO 1,11, , . I Ul 1 ... (I . U U.DT. Ull-O U ,1 , tanker fleet. We now operate a shuttle service to Wake from the Pacific Coast. Again, being big and having our own facilities helps us serve. .i DARD 01 L CO M PAN Y OF C A L I plans sJiMd to Mrvt you better But since New Hampshire In strong Republican, victory Is of r :rentcr importance in mo nepuu lean race. Other political developments: Sen. Kerr, D-Okia., gave hints In Washington that If Truman does not run, Kerr would bo wining. Rep. Uhepimrd, D.-Caltf., an nounced a "harmony meeting" of 27 Democratic leaders In Los An geles Saturday and Sunday. The State Democratic group has been badly spilt In recent years. Rep, A. L. Miller, It-Neb,, pre dicted Gen. MueArlhnr will be a "compromise . candidate" for Re publicans. Miller forecast a dead lock between Tuft and Elsenhower supporters at the Republican Na tional Convention. However. Gen. Jonathan Wain wrlght withdrew Wednesday ax a "favorite son" presidential candi date representing MucArlhur In Wisconsin's April 1 primary, Wis consin officials said someone would be named Saturday to take his place, hud checks out and wanted to get the thing atralghlenetl out." Police said Inst fall Law punned off about 22 checks totaling mo under pretenses he hud enough money in a bank account here to cover them. Law was also arraigned on a misdemeanor compliilnt accusing him of passing an NHP check. Ho look time to enter a pleit on that count end hall was set by the Court at $900. On the other charge ball was set at 15000 and Law returned to custody In the County Jail. Potatoes CHICAGO tm (USDA) Pota toes: Arrivals 76. on track 17B: total U.S. shipments 718; too few track sales to make a market; street sules wholesale delivered In 100 lb sacks: Idaho Russets 16.01- 11: Minnesota-North Dakota Pon tics t4.85-t.25: In 50 lb sacks. h DON'T MISS ferquson family Jubilee ,1 fvy MR MMiyr mvmt Friday -M0P.iW FEBRUARY 1 SPONJOJJfD tY MAC'S FARM EQUIPMENT CO. 5629 So. th St. Your Ferguion Dealer Ph. 8551 Before trouble kindled tn Korea, onl; 20 planes a week rofueled at Wake Island. Then that number multiplied many times callini for more a-as taut. We'd been anrvina- when the U.S. asked us to step big, integrated company, we called on our own tanker fleet. supplied on a . 4fOt course, the transpaeifle airlift inn m noma on Liua ena 01 inn route DMnaard keeps soma 10 airlines supplied with aviation gasoline. It would take a stack of drums a mile high to hold our increased daily out put for this use. At tho same time, we're also supplying military needs . . and ourusual volume for motorists. I Louisiana Republicans favoring Talt pulled a nurprlNo by voting to declare null and void a Jim, 15 He. publican primary flrab official ong held in yearn In strongly Demo cratic Loulsluna, Committee candidates favoring Elsenhower had won 10 of 12 con tested aeats. Woman Loses Damage Suit A Mulln wonmn, Mrs. Cage F. '(Mildred i Snow, was unsuccehnlnl In a Circuit Court trial to obtain 116.000 damages f 0 r Injuries claimed sullcred In a ear accident Apr. 16, 1660 at Williamson River brldue on U.S. Highway 07. Tho jury of 11 men and one woman, alter five hours dellhrrn lion, relurned a verdict In Invor of I lie delendunt, George S. Boyd, 1527 Kane Bt. Mrs. Snow wax passenger hi , pickup driven south on Highway in by her husband. The plckdp crushed Into uuurd rails of the Williamson River bridge. In the suit Mrs. Know claimed the pickup was made to swerve In order to avoid Boyd'a cor com. nig onto tho highway and aubse quently crushed Into the guard rails, Mrs. Snow's husband. Cage. i facing a suit brought by the Ore noil Slate Highway Commission for 1220.117 damages claimed done to the bridge In tho accmoni. Jurors hearing the three-day long damage suit In court were Rolln V. England. James Rogers, O. C. Motley. Marvin L. Shepherd, Robert I'elrlk, Harold L. nrydrn, Paul Winter. Cecil Drew. Paul K. Buck. Melvlna Nllscheltn. Dunne Blnckmun and Kfltin Kiger, U. B, Uulentlno represented Mrs. Snow and E. E. Drlscoll and R. B. Maxwell were attorney! for George Boyd, THE... , v airlift?" "jlT A Ai air activity stepped up even f . more, and Wake needed bigger per "aaafa ' manent ffrnund cmwi. RtjtnrlarH'a bigness helped SRnin. Using facili ties in Honolulu, wequickly trained men to handle the high-octane gas, , then tripled our manpower on Wake. starts In America, ' F0 RNIA "