Herald and news. (Klamath Falls, Or.) 1942-current, April 22, 1952, Image 4

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Herald and news., April 22, 1952, Page 4, Image 4

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Newspaper Page TextPAGE FOUR HERALD AND' NEWS, KLAMATH FALLS, OHKl.ON TUESDAY, APItlL 22, 1055 MARKETS and FINANCIAL Stocks NEW YORK, OB A sudden t'oakness In oils and rails with til Interest Tuesday smothered a tcovery movement and sent the itock market lower. An a result of the turn around, trices spread out over a consld ruble range with some ol the more rolatlle Issues off between 3 and 6 joints. Some quietly traded issues leld to gains of 2 to 3 points. Volume camt ' to an estimated W30O,0OO shares. v ..." QUOTATIONS New 1'ork Stocks By The Associated Press Admiral Corporatlou Allied Chemical Allls Chalmers American Airlines American Power tt Unlit American Tel. & Tel. American Tobacco Anaconda Copper Atchison Railroad Bethlehem Steel Boeing Airplane Co. Borg WBrner Burroughs Adding Machine California Packing Canadian Pacific Caterpillar Tractor Celanesc Corporation Cities Service Consolidated Edison Consolidated Vultce Crown Zellerbach Curtiss Wright Douglas Aircraft duPont de Nemours Eastman Kodak Emerson Radio General Electric General Foods General Motors Georgia Ppc Plywood Goodyear Tire Homes take Mining Co. International Harvester International ' Paper Johns Manvllle Kennecott Copper. . Llbby, McNeill Lockheed Alrraft Loew's Incorporated Long Bell A Montgomery Ward Nash Kelvinator New York Central " . Northern Pacific Pacific American TSsh Pacific Gas & Electric Pacific Tel is Tel Packard Motor Car GRAINS CHICAGO M Grains worked higher Tuesday the bourd of trade, on some export business in wheat ana light country receipts of corn. Weather Western Oregon Sunny Tues day afternoon. Increasing cloudi ness at night. Occasional rn Wednesday afternoon. Highs Tues day 66. to 14 Interior and 85 to tu) on coast. Low Tuesday night S6 to 40. High Wednesday BO to 70 m ... i . - ici iw miu hKi ,u w w vvnoi- ivvrt in A. . an hour off the coast Tuesday, be- riui..?i rJ..'ijin coming southerly Wednesday and '"K "e un? v,u o ui , hiicinK in westerly Wednesday SSSlk'SfSSStaS? ,he comm Zmoh north "coast credit corporation. inereaslmr to 2S to U mile, an Traders had some reports that new export flour business was In the making. Private reports said that tlie winter wheat crop is pro gressing well, but there were indi cations of too much moisture In some sections. At the finish wheat 1 4 to I 'i higher than Monday's close. May I S2.4S a : corn was lo 1 . high er. May J1.8C1 34-': Oats were . to higher. Mav A9 wr a-n n : unchanged to 2 higher, Mav 70 , IS2.02 ,' ; soybeans were 1 cent 48 j lo 3 higher May S2.K-89 ' and 13 lard was 15 to 2(1 cents a hundred a i pounds nigner. May $10.92. 104 - 58 ; 45 79 49 46 hour Wednesday. Eastern Oregon Fair Tuesday through Wednesday. Little temper ature change. Hlglu both days 65 to 75. Low Tuesday night 35 to 45. By The Associated Press 24 hours to 4:30 a.m. Tuesday Max. Mln. Prep. 67 1 17'. ZSh 36 3, 51 ' 41 3, 101 34 34 17 Low Close May Jly Sep Dec Wheat Open High 2.44 ', 2.46 2.44 2.45 4 2.35 S 2.36 2.35 N 2 36 , 2 '7 3.38 2 36 5 37 ' 2.40 2 41 s4 2 40 3.41 , Penny U. C.) Co. Pennsylvania R.R. Pepsi Cola Co. Phliro Radio Radio Corporation Ravonier Incoin 53 3. IRayonier Incorp Pfd o Republic Steel Reynolds Metals 83 Richfield Oil 43 ''i Safeway Stores Inc. 14 'j i Scott Paper Co. 56 H Sears Roebuck & Co. 41 '. Socon - Vacuum OU 53 1 j Southern Pacific 20 standard Oil Calif. 1 U Standard Oil N.J. 37 , studebaker Core. 33 ' Sunshine Mining 44 ' Swift & Company 68 i TVensamerica Corn. ?4 ; Twentieth Century Fox 8 UnionO il Company i ?i i Union Pacific 16 i United Airlines United Aircroft 59 'i, i United Corporation - 20 ' I United States Plywood 19 !i jUniled States Steel 77 Warner Pictures 15 ', Western Union Tel 33 3. Westinehouse Air Brska 109 i Westinghouse Electric 4 U iWoolworth Company 67 'T 18 '4 10 30 '2 27 ' 27 3 36 ' . 39 ' -. 53 U 61 30 'i 51 U 53 37 'i 71 '. 54 , 75 3, 37 10 V, 31 25 17 K 40 ' 111 I; 26 28 , 5i 32 38 3. 14 39 25 1 35 'i 43 Baker 65 28 Eugene 66 43 La Grande 68 29 Lakevlrw to S3 Medlord 75 39 North Bend 54 46 i Ontario 69 33 i Pendleton 68 44 : Portland tAirpt) 69 43 Roseburg 64 46 Salem 68 39 Boise 65 44 Chicago W 63 I Denver 48 31 Eureka 51 47 : Los Angeles 65 54 New York 75 50 . Red Bluff 85 50 Snn Francisco 6o 44 Seattle 65 41 j Spokane 66 39 Legal Notice in ;i k r) 1M Htm i ini-uratv Kft Noff T&5tT i f h, HANnV COM 1' ANY t Nfw York rt K VnrL KA in X Vmni'itlt nf r of tht lit pi Ortliiui, APWIVVrO A5KTR PerN :0 " 'TT PO rukki i aa0.4aa.vo JU'-tr.mt IMM ru rttl ;! . . Vtrl 4ti( . - Ttth an.t Nnk dtroil'i A it nu' mutum or un rrtllmfj ttrmttimi . , r I 4itti tnvciRa i r.ti ffni4 . 0;hr iti . Intita .(T4 044.00 1 ( kdiuitmint ... A nnH 3 .10. 000. PO I'uhitM T-Mliin-i S' "Ji Oil .PO All Ur llAUlltlM S J0O9ftH rtt CkWlii . .l.n3.4,Hi.ojan l t 4.000.000 00 Vnli!rtm Mir &O0.OOO.CO I ijnnn! tvM uur PIUJI 1i441TPDT rTATEMTNT OF INVOMf . .. r'rtirlumi ttrntd ....'-3 jf.i - xiMtu tnfurrtd Jll STS.UVlO loii xptnit lnp;irrJ 915. ill). 1 urtjtrritirii xnrn lotumd 10.192 0 14 Trtil undtrwrtiini 3t- duettonp S22.TS1.TM 40 L-mtwruiau tain !nftrfM in com ... OC-.tr itv-om . . . Tinl. bfor fadr,l tr-cnt tS ... FMtral lacumi tif lnr-jrrd . ..... Nt Incopi . - tM.dtRd lo itivhhoJ. in ? 1 05? j 225.2s : a TST.024 66 GRAINS I PORTLAND I Coarse Brains. 15-day shipments, bulk, Coast de livery, Barley No. 3. 45-lb B. W.. 71.00. Wheat I bid I to arrive market, basis No. 1 bulk, delivered Coast: Soft White 2.51 4: Soft White (excluding Rex), 3 51 'a; White Club 2.51 '.. Hard Red Winter: Ordinary. 2.51 S: 10 per cent 3.51 11 per cent 2.51 lr. 12 per cent 3.51 U. Hard White Baart: Ordinary 3.53: 10 per cent 3.52: 11 per cent 2.52: 12 per cent 3.52. Car receipts: wheat 48: barley 3: flour 1: corn 3: mill feed 4. NEVER BEFORE .. . A FULLY AUTOMATIC AGITATOR WASHER t 0.000 00 m n oo I .v MnU to polUT hc)t)ri . 0:nr Itcrai afficlinc urplo iDttt ...... Tf'l ftc!!at and lur tlua neani irit 17f lit 00 rter in turclui mm rt4.i BollcMd. . BL'SIM'5S IN OKTUOS FOR tht: TtAR Nt! wrLiri rtcctted .-$441.12 t? f-ti loiata paid tl.94ilj Piiindi Mid or trrditrd tc rolirvrKiMira Noat Fr.ccipl efflrt In Ortftn. DEANS & HOMER POTATOES CHICAGO, W Potatoes: Ar- 1 rivals 37. on track 121: Market firm at celling. Colorado McClures (6.16: Idaho Russets $6.76: Mln- j nesota - North Dakota Pontlacs i $5.50-5.56. 1 LIVESTOCK PORTLAND l.fl lUSDA) Cattle: salable 100: market active, Hilly steady on kinds available; led steers scarce: few titllltv-lnw commercial grades 24.50 30.00: utility, heifers 23.00 37.00: odd commercial 38.50; canner culler cowa mostly 17.50 - 31.00; few low utility dairy . type rows 31.50 33.00; few cutter utility bulls 33.00 .- 27.00; odd commercial grades 38.50. Calves: salable 35 market steady - weak: choice vealers 35.00 - 38.00; odd head 37.00; good calves and vealers 31.00 34.no; utility - commercial grades 23.00 30.00; culls down to 18 00. Hogs: salable 300: fnlriv afllve. about steady with Monday's wl-cent lower close: choice 180-335 lb butchers 19.00-50: odd choice 160- 170 lbs 18.00; choice S40-6O0 10 sows 15.50 - 16.50; medium feeder nlas 4.00 1600; few good cholco feeders 17.00 - 50. Sheen: salable 200: .lauunter '.libs, ewes active, steady; alsrb'e lot niost'e chiMee No. 3 peH 112 lh ImiiI" 26.73: few uoeri choice 93 lbs 36.00: medium 55 lb feeders 3.00: one lt good choir 163 lb wooled ewes is. 00: alsahle lot mixed gr.de and weights Angora goats unsold. CHICAGO I Hogs moved somewhat blither In fairly active trading Tuesday. Cattle were around steaay to jo cents higher and sheep were weak to a quorter lower. A scarcity of top tirades at sleers Rave supoort to prices for these kinds, bill trade In the predomi nantly unfinished offerings which nindr up the run was slow ond uneven. Prices on these averaged sle.dy. while Increases of 35 cents a hun dredweight wcio chalked up lor the few oltcrlngs grudlng average choice and better. The ton of 137.50 was until on a few loads of mime Meets. Hellers were mostly steady, cows Mcady lo suoiig, aim onus unevenly steady lo 50 cents lower, Vealcra were aliout steady, Trade 111 sheen and Innilut un dull. Choice wooled lambs brought ine top price of $28.35, but other good to iirlmn wooled nliamu. were held for asking prices of S29 and above. SOUTH SAN laBANrrsnn in lUSDAI Cattle: 100. lluhl smmlv consisted of few range cowa anil Hirers, balance mainly duli-v tynn slaughter cows, market acllve. prices Meodv - weak, odd head low choice 850 lb heifers 33.00. caiuier- cutter cows 17.00 31.00, utllllv dairy type 33.60. Monday around loud Nevada slaughter steers steady strong compared with last week's 50-crul Increase, opening sales of cows strong, later sales easier, average steady, one lot 1.374 lb feeder ateers 32.60, half load mostly good, Including few choice. 1.100 lb Nevudn steers .12.00, half-luad good 1.080 lb ateers 31.00. small lot good 750-860 lb I range heifers 31.00. small lot com. imerclal 1.060 lb range cows 27.60, iwo utility out ul 36.00. I Culves: live, not enough lo e- publish market. Monday odd head choice .slaughter -alves 36.00. I Hops: 400. active, steady, choice I No. 1 and 2 180-340 lb butchers ' 19 00. choice sows 14.00-60. omln" ,116-lb butchers 18 00. Shrep: 300. salable supply con- Seniors Miss Honor Rating C1III,0()UIN-Tlie fifth alx-weeka period found no Chlloiiln High Schoul sctilora on the honor roll or up for honorable mention. Juniors on the roll were Carrell Wilton, JoAnn thnrmore, Billy Va- den and Key llrglund, with Clleim Hescock making honorable men tion, Sophomore honor students were Ted Nlemi'iis and Jucklo Schrorder, Willi Audrey Varnuin and frletla Kirk receiving honor able mention: and ireshmeii honor minimis for the period were Linda Pope and &usan Ilavlssa wl)li Ami . McNamer and Naomi Johnson nisk lng honoiablo inenlltin, J Dick Hlemrni made the hunoi roll In the Bill grade, with Valrrn Oolphim and Victor Hlsnon clone be hind; and honorable mention im the lilt grade was received by Car. men Hill, Uarbnra Kirk and Mum Nicholson. slsled mostly of spring lambs, no early aides, Monday load good prime, mostly choice, 74 lb spring lambs 39.66, odd head utility wooled old crop lambs 34.00. NOW DOUBLE S&H GREEN STAMPS CliffYoden SIGNAL SERVICI 2560 South 6rh (Opn 24 tin. Evtry Day) 925 Friendly Helpfulness To Every Creed and Purte Ward's Klamath Funeral Home Marguerite M. Ward and Sorts High Phone 3334 Personal To Women With Nagging Backache NMflnf bafVftcrit.lnauof pfffiandtrtrrr, ndfha aht HiiinrH my b itu tu iloir. i dwn of klilnvy function. Uxlor wmy kihhI : kidnvr function U vry lmMtrunl to fund hlth. Wtwn aiini vrrday condition, auch ttrnu and tKlu, cauio thla Important funetlun to alow down, many rolkaiurfornag. Ilnv bat-kaoha ft iUrUr. Minor bld. I ir Irrttattona dua to cuM or Mnmidltl may j cauaattinunt;huarfr4iunttauaf, Don t nagl4 yuur kldnaya If tha cuiiill. . Ilona buthar rou. Try Uoan a Pllla-a mild dluratle. t''ad auct-M fully by mll.Umi fur evrat)ya,ra. It 'a amatinf how man? tlmaa ' IKian'a llva hannir rlt from tK .41. fnrU-halp th ,6 mllmof klln lulta nd fll Un fluati out U, ol Uon . I'Uia today I That new car brilliance comes from a BLUE CORAL BEAUTY TREATMENT! Adminni ilmcil lollow I hi tu Ihil hit Ktd lis n, ui luiln leilortd by Blue Coul Imlmtni, Only Blue Coral cltini ay dmry ioid Aim. inlaw ati(mil euuly. tuli Ihi finish itioil aiilhit conowon. Don la lal. DICK B. MILLER Co. 7th and Klamath Register to Vote NOW! Ph. 4103 The Equitable Reports offered at this LOW PRICE ! Fyock'i hot reduced this fully automatic I ' : BEKDIX ECONOMAt i Model H502 In order to offer you LJ en automatic ' washer at a- -wringer washer price! (0)(0l95 A $229.95 Washer $28.50 Down $10.50 a Mo. mm mm thenewiIm rzmw i tt I. l.iJliliMriiai,-l.-f:Mrl LIMITED NUMBER! LIMITED TIME! HURRY! IFYCK' 1001 Moin Ph. 2-2518 The need end the demand of the American people for life insurance service are greater than ever. During J951, new business written by the Society totalled $1,200,000,000. To policyowners and beneficiaries, The Equitable paid out $423,742,000 during the year. life Insurance is a very personal matter. Its services must be adjusted to the individual needs of the policy owner. We, in The Equitable, take special pride in the great field force of competent and enthusiastic agents and agency managers who perform this personal service. Indeed, the greatest single contribution of life insurance to the American public has been the development of a large force of intelligent, trained and enthusiastic field underwriters who arc prepared to serve the American people in attaining their goals of individual and family security. At The Equitable, much time and effort arc devoted to the selection and training of our agents and their mana gers. We think there is no better adult education in the country than that which Equitable makes available lo them. We regret, though, that our present policyowners and those who have need of insurance protection and estate planning are not making as much use as they should of the services that this great organization can furnish. Policyowners and their beneficiaries, as well as the insurance buying public who expect to realize the lull measure of insurance protection, should consult one nf our 8,000 Equitable field representatives and keep in touch with him. During 1951 The Equitable continued to increase its financial capacity to meet its existing obligations and lo lake on additional ones. Premium income dining the )car amounted lo $727,003,016 and net earnings from investment operations amounted lo $167,459,000. After paying all claims and expenses of operation including a greatly increased I cderal Income Tax and the addi tions to our policy reserves required by the nature of cmr business the margin remaining was $134,000,000. Out of this total we made extraordinary additions lo our reserves of $10,100,000, paid or set aside $100,300,000 for dividends and added $23,600,000 to surplus funds. I laskins & Sells, Certified Public Accountants, who have maintained a continuous audit of our transactions during the year, have issued their certificate stating thai our accounts and transactions arc in conformity with generally accepted accounting principles and wild regu lations prescribed by the Insurance Department of the State of New York. Taking a closer look at taxes we find that the Revenue Act of 1951 imposed a new tax on the life insurance companies which cost The Equitable $11,350,000, an increase of $5,100,000 over our tax for 1950. This in- crcae in the 1951 lax look all of the increase in.the rale of the Society's investment earnings during the year. like everyone else in the land, we feel this increasing contribution lo the cost of Government because our I'cdcral Tax pavmcnt for 1951 was approximately one fifth of the Ordinary dividends which we set aside fm distribution to our policyowners during the current year. Then too, like everyone else in the land, we are suffer ing from the continued inflation of our money supply -now in excess of $190 billions, up more than $10 bil lions during I95 ami the consequent depreciation of the purchasing value of our insurance dollar. It Is for these reasons thai we in The Equitable lute been critical of t lie monetary policies which shirk the grate duly of controlling the supply of money in these days, when it is principally inconvertible paper. Those who took us off the gold standard, whether (hey realized it or not, tremendously increased the need for coni)e tent, courageous federal Reserve wlicies with respect to credit and the supply of money. At least the loosening of the peg on market prices of Government Bonds dur ing 1951 was a step in the right direction. mciident CONDENSED STATEMENT OF CONDITION tfSOUHCES ION0I AND JTOCKI U. S. G.rnmnt bllgatlenf DMl.lft f Coitado blifolloni n Public wfllllr bort, .-. . KallrMd bllgollvit. Indvilrlol bllialibnt . Oltt.r band, , ftttrt6 ana auaranld Iteclu . Cln.M flock, ., MORTGAGIS AND 111 ISTATI R.ildcnflal and bviln,,, martial, .......... fmm marlaaf., Hama and branch afflca bvlldlna, Havilng davdapmanl, and athar raal - ailala purchad far Invailniant ............ R,i!d,nllal and bwilnat prapartla, othii Assrrs CaiN - , , , .... Traniportallan oqvipmant M . loan, la pallcrhaldar, , Pramlum, in proci af callacllaa Inlarait and rtnlal, accrvad and alhaf Ai af Al af 0,c,mb 3t, D,c,mb,r 31 mi I9M S S.3l.35l 77a,4M.S17 343,76,70, ?V,1,790 779,733,J6 73,I4J37 30a.073.377 37l,470,a3l t.I94,357.0 1,0l0,397,3S4 m,7t2,ia 133, 710.973 M.90I.4CII 90,433,7 10.917,179 l,4,993 977,749,, ID 7M6o,7a9 U9.747.JJ3 150,933,941 9,807,773 10,573,799 130,407,737 139,056,009 ,450,79i a,997,0al 130,340,491 a,13S,737 94.I9J.IJ0 31.497,143 131,194,411 147.471,440 41,330,990 43,119,719 49,535,340 44,033,330 6,094,9O0,771 35,51), 544,140 OtllCATIONS OUCTHOLDH1' PONDS la c,r futwa aaymanli and,, lnin,anca and annwiry cantfacli In tarca Hld an dapaill far pallcrnald,,, and banaflclarla, Dividend, and onnultia, loft aa dapai'f wild lha Soclaly al Inlarail P.llcy claim. In procau af aarmant PraMlumi paid in odvanca by pallcyhaldari Dividend, dua and unpaid ta pallcyhaldat, Allil,d at dlvldndi far dlirrlbulln dwr- Inf tha fallawlna yaar OTHII UAIIIITIIJ Toiat fadrel, alafa and athar Expania, occruad, unaarnod Inftrail and alha, abliaollan, . rva far ravalvallan at Canadian and arh,r fornlan currency account, at fraa nar,l rata, at aschanpa H SUIPtUS FUNDS Ta cavar all contlnaoncl,, A, af A, al Dac.mbtr 31 D,cmbfli, 1931 '.950 ,4,995,110,971 ,4,541,333.206 936,136,737 173,211,234 147,093.366 130,044,171 31,711,7m 76,191,470 19,534,730 13.103,097 7,177,012 6,701,102 13,900,131 10.630,401 21,453,000 17,191,000 12,137,744 1,719,41 2,165,000 13,617,000 364.551,707 340.936,476 16,094,900,771 ,3,411,344,540 Iniludlni 15,375,671 an d.p.lll with public aulharllKl at af D.t.mbir II, 1931 'SJ'IfltFZJi'ltll'!!!'.',.??'?'. '"..',' l r9'llclln a.a ,lal,d at Ih.lr amarllr.d valu. and nil alh.r band, and Hack, ara valuad al lha mark.l auitallam an Dicmbar 31, at pratcrlb,d by lh, Nallanal Aitaclallan at Imurtnca C,mmlul,ni. Tor a compttltly idaiUi jlol-' iiil of llit) Socidy'i opera tion! (Jiirlng 1951 villt for copy of your PrdiWoit'i P,. fori la lh Board of Director!, The Equitable Life Assurance Society of The United Slates , n Home Office: 393 Seventh Avenue, New York 1, New York Thomas I. Parkinson, President HAROLD P. DRAKE, Agency Manager Klamath Falls Headquarters 114 North 7th Street JOHN H. HOUSTON, Field Ai.litant