Herald and news. (Klamath Falls, Or.) 1942-current, April 17, 1952, Image 4

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Herald and news., April 17, 1952, Page 4, Image 4

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Newspaper Page TextPAGE FOUR yTUiALL) mtl M'.WS. KLAMATH FALLS. OKLXiUN TjjURS 1 ) A Y,A jffl LJU loss MARKETS and FINANCIAL Stocks l NEW YORK 1 ' The stock tnarket weathered (harp selling blow Thursday but kepi to the downside. I Losses stretched out from trac tions to around 3 points among leading Issues. There were plenty pf plus signs scattered around run tilng from fractions to between 1 and 3 points. ' , Voume built up to an estimated J.900,000 shares. QUOTATIONS I K.to Vnrk Storks By The Asnoolated Trass 'Admiral CorporaUon Allied Chemical , Allls Chalmers American Airlines American Power ft Light . American Tel & Tel American Tobacco Anaconda Copper Atchison Railroad Bethlehem Steel . Boeing Airplane Co. ,Borg Warner " ; Burroughs Adding Machine California Packing i Canadian Pacific Caterpillar Tractor Celanese Corporation 'Chrysler CorporaUon 'Cities Service Consolidated Edison .Consolidated Vultea .'Crown Zellerbach Curtiss Wright .Douglas Aircraft '.'duPout de Nemours '.' Eastman Kodak i Emerson Radio ,; General Electric - General Foods "General Motors -Georgia Pac Plywood . Goodyear Tire Homestake Mining Co. International Harvester International Paper Johns Manville Kennecott Copper Libbv, McNeill Lockheed Aircraft Loew's Incorporated Long Bell A Montgomery Ward Nash Kelvinator New York Central Northern Pacific , Pacific American Fish Pacific Gas & Electric pacific Tel ft Tel. . Packard Motor Car Penney (J.C.) Co. Pennsylvania R.R. Pepsi Cola Co ' Philco Radio Radio Corporation Rayonier Incorp Kayonier Incorp Pfd Republlo Steel Reynolds Metals Richfield Oil Safeway Stores Inc. Scott Paper Co. Sears Roebuck ft Co Socony Vacuum Oil Southern Pacific Standard Oil Calif. Standard Oil N.J. Btudebaker Corp. Sunshine Mining Swift ft 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 WesUngbouse Air Brake Westinghouse Electric Woolworth Company 27 69 V, 6 Wi 35 154 ' 56 tj, 43 . 18 48 45 tA 66 t4 n 35 81 48 "2 414 72 l, ins t, 84 lt? 54 8 V. 54 82 H 43'.. M' 55 41 V 53 20 43 37 1, 83 43 68',, 73i IH 18 1, J6V4 37 (i 60 V4 S0(i 19 tj 80 16 53 109 4 Vi ' 67 18 10 Vi 30 , 261a 28 39 54 lj 58 V. 30 50H 63 V, 36 70 yt 54 74 36 10 31 Va 2S 17. 40 Vi 112 27 29 5V4 32 38 14 38 25 35 Vi 42 Vi LIVESTOCK CHICAGO Ul Again a slight expansion in Kog numbers tipped prices a little lower Thursday, most proving weak to 25 cents lower. In the little alleys the tone was steady to weak generally although imlla. were off as much as 50 cents. Sheep were steady. Most nogs sola irom .io.io 10 $17.15 in the butch-r weight divis ion with a short sorted load of lightweights stepping up to $17.25. Sows generally found a price range of $13.15 to $15.75. anJ rnnlrft eteer and Venr- llngs were about the best beet tc be had, taking sno.uu 10 sw.w. A load ol high-choice material took $35.75. Good to prime heifers were worth $30.00 to $36.00. Four loads of choice and prime fed wooled Colorado lambs topped the earlv market at $29 00 and good and choice ewes ranged downward from $14.50. 80UTH SAN FRANCISCO IfTI (USDA) Cattle 50; light supply mostly dairy type slaughter cows; not enough to test market; early sales strong; so fsr this week steers 50c higher; cows Mc-100 higher due to light receipts; small lot choice 915 lb slaughter steers 33.25; two head out at 82.25; two loads mostly utility dairy type steers 27.00: few cutters and utility out at 25.00; small lot good slaugh ter heifers 31.50; canner and cutter cows 17.00 - 21.00; utility dairy type 22.00 23.50: short load good 825-lb yearling feeder steers 32.00; four head out at 30.00. Calves none. Hogs 300; steady; choice 180-240 id sutcners 19.00: good - choice 255 lbs 18.25: choice sows 14.00. Sheep none. Weather Western Oregon Mostly sunny Thursday and Friday. Patches i.t early morning fog. Mild tempera tures. Highs Dolh days 65 to 75, except 55 to 60 along coast. Low Thursday night 38 to 45. Winds off coast westerly to northwesterly I to 15 miles an hcur Thursday, be coming southwesterly 10 to 20 miles an hour at night. Eastern Oregon Mostly sunny Thursday and Friday with mild temperatures. Highs both days 6 to 70. Low Thursday night 32 to 42. Grants Pass and Vicinity Sunny Thursdav and Friday; highs both days 15; low Thursday night 43. By The Associated Press 24 hours to 4:30 a m. Thunday alax. Mln. rrcp. Baker 63 33 Eugene 66 40 La Grande 65 33 Lakevlew 65 89 Medford 14 41 North Bend 56 41 Ontario 61 36 Pendleton 66 45 Portland tAirpt) 11 44 Roseburf 70 44 Salem 68 38 Boise 68 37 Chicago 68 43 Denver 61 37 Eureka 62 44 Los Angeles 10 54 New York 67 49 Red Bluff 89 49 San Francisco 72 46 Seattle -8 Spokane 64 OTI Continues to Grow While Few Foes Attack v INDUSTRIES MAT MOVE ' SINGAPORE () Some of Hong Kong's light industries are des tined to be shifted to Singapore, according to the Singapore Stan dard, which says establishment of the Bank of East Asia Ltd. here Is the first step in that direction. POTATOES SAN FRANCISCO Lfl (USDA Potatoes: 5 cars on track: market firm; arrivals, 1 Idaho; Idaho Rus sets No. 1-B, washed. 2.83 deliv. ered. LOS ANfiEI.Ps u (n.Qn.t Potatoes' 4A mm nn rivals. Triahn1.V mortal otia.,. Idaho Russets No. 1-A unwashed', als 1. on track 116: market firm si ceilings; no tract sales report ed: street sales, per 100 lb ac cording to basis of tale: Colorado McClures $6.10-16; Idaho Russets $6.76. Tule Chamber Setup Sifted TULELAKE Changes In the con stitution of the Tulelake Chamber of Commerce approved at a meet ing April 11 in the Soortsman's Hotel provides for shrinking the Board of Directors from ten to five members. The streamlining is piaunea 10 proviae a more work able system for a small town. The five new directors elected are Hugh Mull in Jr., Ralph Fau sette. Dr. Ira Du Pratt, Ross Dan iels and H. B. Smith. Mullins. Dan iels and Smith are elected for two year terms, Fausett and Du Pratt ior one year terms. A president, vice-president, secretary-treasurer will be elected in the near future from the board. Ralph Fausett rerjorted on plans for a parade Saturday afternoon, April 26. This month marks the 15th anniversary it the incorpora tion 01 tne town ana uie 2isi since the first lots were sold for the townsite. H. B. Smith, chairman for the recent chamber member ship drive and prawn feed, report ed the dinner a financial and pop ular success. Winter Range Tour Slated Modoc National Forest rangers are going to sponsor a "show me" trip over the winter range of the interstate deer herd this weekend. 1 ), ...... f , ho trlnmnth Snorts- men Association and others Inter ested are Invited, and reserva-. Hons mav be made by calling cull er Virgil Davis or Dr. Robert A. Wood here- in town. On. group of men Is to go to the Dry Lake Guard Station about n .-.-.. kAlnw TitUlnk KAtlird&V afternoon and will spend the night mere. Anotner group is 10 mc at the guard station Sunday morn ing. The intent of the trip is to look over the area where the interstate hHl -anirw4 ritirlncr thr wlnlPr and also to Inspect the deer re maining in tnai area. KUHS Comedy Tonight at 8 It's a laugh and a big one the way the Fuller family get in and out of difficulties in the KUHS stu dent body play "George Washing ton Slept Here" to be presented a o clock tonight in the scnooi audi torium. Michael Wood as Newton Fuller. the man who bought the house where George Washington slept gives a perfect impersonation in rehearsal of a guy who needs room to breathe in. Annabell Fuller, his wile who hales the building is played by Beverly Hunt, who really hates with a vim. Tom Murdock, slated to have played the masculine lead this year piays Mr. rrescoti a minor roie like a veteran trouper. Tom's extra curricular activities and heavy class schedule prevented him irom accepting the heavier part. Strong support is given to the leads by other members of the cast. By PAl'L W. HARVEY JR. SALEM on The Slate Federa tion of Labor, with the help ot some economy minded legislators and others who don't want tux money spent (or vocational educa tion, still wants to wreck Oregon Tech. Tliis controversial school. Oregon Technical Institute at Klamath Falls, was started live years ago when the state took over the Klamath Marine Barracks, used during the war (o treat Marines with tropical diseases. Despite the bitter attacks on it. the school has mushroomed to an enrollment of more than 800 stu dents. OTI has had hard sledding In legislatures. But the iiitluentlal Klamath County legislators always have managed to steer Its appro priations through, led by Rep. Henry Semon. Klamath Falls. chairman o( the powerful House Ways and Means Commute.. OPPOSITION The main opposition comes from the State Federation of Labor lAFL). It claims that OTI men don't get good training, and that the AFL unions' apprenticeship I program can train them much better. I Supporters of the school, lnclud- lng the controlling Stale Board of Education, says the school s gradu ates have had outstanding success in their post . graduate Jobs. OTI, the only school of its kind in the West, has graduated 163 persons, with another big class coming up in June. Oscar Paulson, state director of vocational education, says that local unions aren't prejudiced against Oregon Tech graduates. "Unions in various upslate towns accept the graduate as a member on the basis of the employer's wage scale paid. When entering a union shop, membership Is Immediate. Some start In non - union shops and affiliate voluntarily." Paulson says. Courses at the school are: ac counting, bookkeeping, general of fice practice, medical and dental assistant, retail business manage ment, commercial art, engineering equipment, radio communications, water and sewage. pUnt technol ogy, silk screen processing, sigh painting, watch repair, auto body and fender, auto mechanics, auto painting, auto electric, auto mach inist, auto radiator, baklns. cabinet making, carpentry, combination welding, diesel mechanics, drv cleaning, electrical repair, farm mechanics, gunsmithtng. machine shop, refrigeration servicing, and sports equipment. The institute has three terms a year. Classes take six hours a day. and the tuition, fees vary from only $63.50 to $90 per term. The course, run from one to three years. There are low-cost dormitories for single students and for mar ried students and their fuiulltes. For Instance, a family can gel an apartment for $24 a month, with all utilities Included. Many students work their way through Oil with part-time work. ALL OVKR OTI gets students Irom all over (lie nation. Last year the students came from all Oregon counties except Jefferson and Sherman. Some people think It would bo better If the school were closer to the state's population centers. Last year there were 126 students from Klamath County, and Marlon was next wiui 33. Miiilnomuh County was third with 31. Some legislators are disgusted with the amount of money It takes to run the Baa-acre campus. The 1941 Legislature appropriated $620,000 to run OTI for two years, with Uie vocational education de partment promising the school quickly would become self sup porting. Tne Emergency noma had to supplement that with a $75,000 grant, and even then, the school run $323,000 in tne red ior Us first two years. In 1949, the Legislature appro priated $948,240, and the 1951 Legis lature gave the school $1,403,000. That's a long way from being self-supporting. Paulson's answer Is that despite the cost of Uie expensive machin ery needed In OTI courses, the cost per OTI student per year la $834. compared with an average cost of $868 per student In the slate univer sity and colleges. OTI has had strong support from veterans organizations. In 1941, 98 per cent of the students were veterans, but now the percentage has dropped to 50 per cent. Women students are accepted, too. The Institute has an ambitious athletic program, wllh the best players getting scholarships. This has drawn fire from non . athletic students and from people who can't see why a technical institute should engage In Intercollegiate athletics. Supporters of the school athletic program say that students of a technical school should get the same privileges as those who go to college. Campus life Is similar to college life. The director of Uie school Is Winston D. Purvlne. former assist ant In the Vocational Education Department. He has run It sine, it opened. ine scnooi probably will be there for a long, long time. But It will be a bone of contention for a long time, too. Legal Notice YMII'.I. (r ANNUAL STATIMKNT tot Utt )i eiiiltd iitrtni.ir II, itii III Ihe tONN.TTH'l'T rillK INSllMANl'l t OUI'ANY r IIARTrOKli, in th. IKli mi CON CTHl'T, mud. 1. Hi. insutanc. Yomnilssimirr ul U SUM .1 Ots.oo. yuiiu.iu M lit: AUMUTID ASSET! Bomle .JU.UII7.0S9 on HMtJMM M'Ikh. lusni o rval 4(10(1.11 Rrnl Ule. lti .0 tn- cumliram'M a C.th in hank drpoaiu I. I.n. 4.0.04 A.fntli' balance! or un- collnlxl pmmluim I.III..114U Intarvil, tlivKUndH and ral Mtata Incont. du. and aeerutd H!i III. .1. Olhar (. 1.3. 741 .4 Tnt.l idmllt.d atari IAI.7I0..U3.U LIABILITIES SUHI'LU AND OilltR HINDS Loua . 4,141.171 U Loti adjualinvnt .1- uanata Untamvd uramlunia All olhrr llatnlltlaa . Total tlahlllUaa, ent rt!lal Capital paid up . 1,000,000 no gpvi-lal aur- plua (unita U n afil.nad fundi laurpluii . S3 170.S.I 04 Surplua at rilitdi policyholder. MS.I70.UI 04 111 III t. . 10.I1S0. Oil 140 . 1.140,7.4.74 ao.44ii.ioa 14 Toul V11.710 oej i. STATKMINT OT 1NCOMI Premiums aarnrd .10.3.0. 1. 1. 4. Loun Incurred $ .(ae.'at S. l.naa axpeiuee incurred . .31,300 So Olhcr underwriting .a petuea Incurred Mll.SSSOd Total underwriting clrdm-ttonk .. I?!). 002.049 I. Net underwriuna gain or loea Investment Ineom. Other Income Toul. before federal in come aa.ee Federal Income, teiee Incurred Net income $ Dividends to sloek- holdera .. .... I Dividends So police holders Capital charge, (net) Other Items affecUng surplus (netl . . . Toul caplUl .nd assr plus Item. Inell lnrrraae In surplua w regards policyholders Low Dredging Bid $214,368 The McKlnnon Construction Com pany of Sandy, Ore., was the ap parently low bidder on the Job of ill edging out a nix and a half nillo channel lor Lost niver. The bldrt wore opened Wednes day afternoon at the lluicitu ol Koclitmallnii oil Up and have been sent to the USUI! chief engineer al Denvor lor review and award. 'I'licr wore six bids, and Ihe low was considerably under the engin eers rMimitle for the Job. i ne mi-Minion dki was $Jl4.3it H4. and the estimate had been a70.8BII, Other bids were: Oeorge It. Starry. Tulelake, $337,. 873.30; J. A. rritelluu and Hon., Boise. $348.704 85; Itnmnrv Con struction Company, Cnrvitllls, $349,- luil.ou; Morrlann-Kiiudarn, Lnn An geles, $383.0911.45: and Porker Inc., Mnrysvlllr, Calif., $301,539,-30 The Job Is located In l.angell Valley. slarUlm a short dl.tancil below Mtilnne dam. At that point the river keeps to no defined chan nel. Tule Red Cros Chief Named TUI.KI.AKK Hugh Mullln Jr malinger nf III. Ttilclnkn llraiirh) Hunk of America has been apiioliii-' ed Chairman ol the Ttilclnkr llrulifl, Amnrlcnii IImiI Onu. i, stlccreda I tons Kiiglnnd who re. signeii alter .rrviiiH two yrnl'H lliiulullrl sii until early una mount. Mullln and Kiuiiirll Hum have been In charge of the (unci drive to be coiuplrlrd lllia week. Oilier members ol the hoard ol director, to serve wllh Mullln am Blanche Kirn home service, Kuth rrliir Slnnrcyphei , water safety; Lucille Coynrr. treasurer: t,.iun Burr, aerrrtary; O. E. reileraen, runt aid; Violet Main, home mii. lug and Clayton Hurany, disaster chairman tot itr ri'iitii.iiH oi hiut TOKYO W Juinili'a auiiienir court has upheld tile firing of 3:1 newsmen for Coiiiinunl.i activity ol views. Kyodo, the nation', larg est new. service, discharged Die 33 in AiikiisI, 1950, alter Urn. Mar Arthur had banned pres. employ ment of Cominuul'tn or their nvin-palhl.ers. .07.403 .a 1.700.710 as -1,4.3 41 I.1I7.7WI4 I 117 41 1.IM.432 U Too 000 so e 1.771,0.1 II 1.071.01. It I1...4S4.M BUStNCSS IN ORKOON roH Tin: year Net premiums received $ 133.711. Nel lasses paid I.JW..4 Dividends paid or credit ed to policyholders .. . a Ptinelpsl office In Oregna Mobtnson Potter and Beiepaieeg 11. S. National Rank BMg. Medford. Orsgoa NOTItr Nnlire Is hereby given that the un derlined will al a regular marling nf the Common Cnunrll or the City ol , Klamath rails. Oregon, to be held at I the hour of 7:30 o'clock I M the I lain aay or Slay, losi. In Ihe council room of the City Halt for said City. fretent a petition 10 said Conrm:n ounrlt reouesiing the varallnn ot Ihe following described alley, tn-wlt. The alley way through Block five inik. Si of Canal Addition to City of Klamath Falls, Klamath County. Ore gon, extending from eleventh street to Commercial street Done AprU 17, last Chriri Blanaa A 17 34 M I -I No m COME TO THE ABERDEEN ANGUS SHOW SUNDAY, APRIL 20 and ABERDEEN ANGUS SALE MONDAY, APRIL 21 FAIRGROUNDS we ari selling Two Reqiitercd Heifori bred to calvt In August On Bull ready for fieovy lenrict Two pons ol five each Commercial Heilors reody brood this .print. Dale West MERRILL, OREGON it r$3m Fifth Annual . Registered v and Commercial mi STOW SMI Sunday Show, April 20 Monday Sale, April 21 32 Head Registered Females and 20 Bulls 50 Head Commercial Females, some with calf at side Judge: James Guttridge, Elk Grove, Calif. Auctioneer: Walter Palmer, Los Angeles For Catalogs Write Box 1069, Klamath Falls Klamath Falls, Oregon Public Invited Spomored by Pacific Coast Aberdeen Angus Association If .if m i : Ui Jnass tedes To pT Uis to Uyl Get (hi price on the Chco roiet irucic that t right tor your work. Youll find lh Chevrolcl'i lit) prices .re the lowest in the field. Yee save ee cost ft aillel You cin't beat Chevrolet's Valve-in-He.d engine for over-ll economy. And emrs- rugged construction means lower nuiniensnce. V I 1131 in rahte MORE CHEVR0UT TRUCKS IN USE THAN ANY OTHER MAKil Here's why a Chevrolet truck means dollarM-and-cents savings! Size up the four facts why a Chevrolet truck cuts down your hauling or delivery costs. But there's more to it than that. It's the greatest truck to drive you ever got your hands on. Easier Ball Gear Steering. Clutch smooth and easy. Fast, quiet Synchro-Mesh transmission that eliminates double clutching. Roomy cab with five feet of hip room, venti pane windows, and seats with double-deck springs. They're great trucks to work with ... and they save you plenty. Come in and let us show you. Tee t It), right ireti foflfie el Chevrolet trucks vtmlaclory- .-I I . - .L - T. 1 maicnra 10 inc payioao ana to the job. There's a standard body and chassis, or chassis for ipecial body, for your work ..mii'inmiii i i Tear fmtk Inveitnwiri Is safer! Used Chevrolet trucks tradi tionally bring more money, compared to what they coil, than other makes. They're better inveiiqient sndihtifhffoof irWeWrf iiiiftmtHt mid him mm"mtmamnm i ' Ta- i 't W KMrlSINlrM ! ASHLEY CHEVROLET 410 South 6th Street phone 43