PAGE 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
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Intita .(T4 044.00
1 ( kdiuitmint ... A
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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
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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
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OC-.tr itv-om . . .
Tinl. bfor fadr,l
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tM.dtRd lo itivhhoJ.
in ?
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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