Herald and news. (Klamath Falls, Or.) 1942-current, July 18, 1952, Image 4

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Herald and news., July 18, 1952, Page 4, Image 4

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Newspaper Page TextPAGK KOUR HERALD AND NEWS. KLAMATH FALLS. OREGON FRIDAY, .UH.Y 18, MARKETS and FINANCE Stocks NEW YORK I The stock market declined Friday under the weight of political and economic uncertainties, and It was around the lowest point of the session at the close. Losses ran from fractions to around J point with declines of a point or so more numerous than usual. Oalners were small. Volume came to an estimated 1,100,000 shares. By The Associated Press Admiral Corporation 26 !j Allied Chemical 11 Allls Chalmers SO American ' rlines IS 't American ijwcr & Light 28 , American Tel. b Tel. 154 American Tobacco 57 H Anaconda Copper - 46 1 Atchison Railroad' 91 4 Bethlehem Steel 51 34 Boeing Airplane Co. S4 t, Borg Warncf 74 Burroughs Adding Machine 17 H California Packing 36 3 Canadian Pacific 35 '2 Caterpillar Tractor 56 at Celanese Corporation 43 Chrysler Corporation 77 Cities Service 102 Consolidated Edison S3 Consolidated Vultee 18 S , Crown Zrllerbach 56 Curliss Wright . 8 s, Douulas Aircraft 62 J dupont de Nemours 88 Eastman Kodak 44 - Emerson Radio 11 Ti " Oeneral Electric 61 General Foods 46 i Oeneral Motors 7 'j Georgia Pac Plywood 17 , "Goodyear Tire 45 'j Homestake Mining Co. 37 International Harvester 33 International Paper 33 3, Johns ManviUe 74 S Kennecott Copper 79 , Libby, McNeill . 7, Lockheed Aircraft 22 Locw's Incorporated 12 5i Long Bell A 38 u Montgomery Ward 64 i4 Nash Kelvinator 19 4 New York Central 19-, Northern Pacific 75 T, Pacific American Fish Pacific Gas ft Electric 34 Pacific Tel. Tel. Ill Packard Motor Car 4 ' Penney (J.C.) Co. 69 V Pennsylvania R.R. 19 Pepsi Col aCo. , 10 i, Philco Radio 32 Radio Corporation 36 V Rayonier Incorp v- SOS Rayonier Incorp pfd Republic Steel 41 V, Reynolds' metals , 51 , Richfield Oil 69 saieway stores me. 32 y4 Scott Paper Co. . 56 Sears Roebuck & Co. 56 '.J Socony-Vacuum Oil 37 "4 Southern Pacific -, 80 i Standard Oil Calif 59 H Standard Oil N. J. 79 Studebaker Corp. 36 H Sunshine Mining 9 a Swift h Company 31 , Transamerica Corp. 26 7 Twentieth Century Fox 15 ' Union Oil Company 41 Union Pacific 117 United Airlines ' 27 4 United Aircraft 32 vA United Corporation 5 U United States Plywood 29 United States Steel 40 ', Warner Picture! 12 V Western Union Tel 40 y Westlnghouse Air Brake 26 . Westlnghouse Electric 39 Woolworth Company 44 ?, LIVESTOCK CHICAGO Wl Most hogs car ried a steady price average Fri day although heavier weights some of them stale holdovers tended 25 cents lower. Cattle were steady to 50 cents lower and sheep steady to 60 cents higher. Most hog sales were at $20.00 to 822.75 on butcher weights and at (16.00 to $19.25 on sows. Good to low-prime yearlings and heifers brought $28.50 to $34.50 while cows topped at $23.00. Good to choice spring lambs sold from $29.00 to $30.50 with the top getting up to $31.00. Ewes brought $9.00 downward. Eoseburg We offer the best possible downtown heavy foot traffic, walk-in location, completely equipped with an ICE CREAM and SANDWICH man's dream. The premises are exceptionally well-suited bv shape and size, and very ; well-liqhted to induce a heavy customer-flow to the cool, . well-decorated interior with a minimum of work steps and help. Six years remain on the lease, with renewal priv ileqes on the 1500 sq. ft. floor space. All equipment is modern and of the 'latest type, and . it is all included with no exceptions right down to the mop. We will gladly show you the inventory list, which . includes one 5-rod mixer, 18 holes of cabinet storage, 60- gal. hardener and dispenser .complete fountain and heavy duty qrill. Coca-Cola dispensers, etc. Aproximataly $400.00 stock will be extra. . This owner is enjoying a good business and making money. We can assure you there are no hidden reasons for selling, and we invite a thorough investigation. This clean, year-around well-established opening in Oregon's busiest city, and the county seat, will give you complete independence and financial security. The owner must have made money or he could not afford to sacrifice all this for the amazingly low price of $9500.00. This thriving business is worth twice this amount, so the owner is rightfully asking $7500.00 down payment. (No trades or trade-ins). 100 DEGREES HOT! What Better Business Than ICE CREAM? VALLEY REAL ESTATE IIS WEST CASS ST. ' " DIXL 3.4055 . ROSEBURG, OREGON GRAINS CHICAGO 1 Wheat futures moved backward and forward Fri day. Prices started lower, then moved upward, and then went down again. Corn was weak throughout, Willi selling based on line giowing weather. Oats moved downward with corn. Soybeans rallied but later slumped rather sharply. Hedge selling depressed wheat prices. - i mitNU rrvvipHI were lamy uvwvy at 681 cars. This caused soma sell ing. Wheat closed l4 to 1 cent lower than the previous finish, July $3.21 V corn was 1 to J cents lower, July $1.78 M1.70. oats were down H to , July 77 J. rye was to I t off, July $2.00, soy beans were 1 s4 lower to 4 high er, July $3.26 1. and lard was 7 cents a hundred pounds down to 8 cents UP. July $10.90. Wheat Open Hleh Low Close Jlv 228 J.38 4 2.27 J.37 . Sep 3.32 3.33 1, 3 31 3.31 ?, Deo 2.36 '4 2.37 3.38 Vt J . Mar 2.40 , 2.41 3.40 1.40 H May 2.40 4 3.40 J 2.39 C 3.40 l PORTLAND 11 Coarse grains 15-dav shipments, bulk. Coast de livery: Oata No. 3, 38-white, 64.00: Barley. No. 3. 45-lb B.W., 64.00. Wheat 1 bid 1 to arrive market, basis No. 1 bulk, delivered Coast: Soft White. 3.33: Soft While (ex cluding Rex), 3.33; White Club. 1.33. Hard Red Winter: Ordinary. 2.35; 10 per cent. 2.35: 11 per cent, 2.37: 12 per cent, 2.38. Hard White Bart: Ordinary, 3.38 10 per cent. 2.39: 11 per cent. 2.40: 13 per cent. 3.41. Car receipts: wheat, 13: barley, i 4: flour, 9; corn, 4; oats, 1: miu feed. 3. LIVESTOCK PORTLAND Lfi tUSDA) Cattle: Friday salable 35: fairly active cleanup market at steady prices: for week, salable 1.920; market strong to 50 cents higher, some cows up more: fed steer sup ply mostly heavier weights than recently: about 65 head choice 1.068-1.129 lb steers 34.50; bulk high-choice 1.066- 1.242 lb steers 33.00-34.00; few commercial - low good grassers 37.50-30.00: utility down to 25.00 with light utility down to 32.00 or under; few head good fed heifers 33.50: utility-low commercial grass heifers 21.00- 37.00; cutters oown 10 ri.uu; can-ner-cutter cows 16.00-18.S0: shells down to 13.00; utility cow 19.00 21.00: commercial to 33.00: few young cows 23.50; utility-commercial bulls 35.00-39.00. mostly below 28.00; cutters down to 21.00 and under. Calves: Friday salable 25: stea dy; choice 360 lb calves 32.50; for week, salable 450; market about steady despite increased supply: good choice vealers and light calves 30.00-33.00; prime to 34.00: commercial 36.00-39.00; cull-utility 14.00-25.00. Hogs: Friday salable 50: steady; top 34.75; tor week, salable 1,285; market around 75 cents higher; choice No. 1 and 2 butchers 180 235 lbs 24.50-75; negligible lot 24.85: heavier, lighter weights mostly 22.00-23.50: choice 350-550 ib sows 18.00-20.00; lighter weights to 20.00: few choice light feeder pigs 22.00. Sheep: Friday salable 10: mark et nominal; for week, salable 4.015 market fully 50 cents spots 1.00 lower; feeder lambs weak to 50 cents lower late, ewes steady; choice-prime spring lambs 26.00; good-choice mostly 25.00 - 50 late; some early to 36.00; good feeders 21.00- 0, early sales to 22.00 free ly; good-choice No. 1 to No. 3 pelt yearlings under 120 lbs 17.00-19.00; good slaughter ewes i.tXPI. 00: cull utility 3.00-5.50. IT'S A SCORCHER! nan uan lbs jajrjCSrn Stock Market Expands Hours NEW YORK iri-The New York stuck exchange, in a drive for new business, has abandoned a pattern 01 working hours Inherited front the 19th century. The Board of Governors of the exchange voted Thursday to keep the stork market open from 10 a.m.. In 3:30 p.m.. New York time Monday throiuih Friday and in close entirely on Saturday throughout the year. That means 30 more minutes ot tradins dally starting Monday, Sent. 39. Back In 1873 the five-hour day was adopted, and In 1887 the two- nour Saturday sessions ucKan. In 1944 the market started clos. Ing In Saturdays in the summer montns. In San Francisco. Ronald E. Kaehler. president of the slock ex chnnge there, said he was "quite sure" Its direclors would follow the New York pattern of extended hours and Saturday nosing. Kaehler said the membership of his exchange is "overwhelmingly" in favor of the chance. Action nuv be considered bv the directors next week. Q. Keith Funslon. New York Stock Exchange president, said In a statement tne change was Based on a national survey of stock ownership made by the Brookinns Institution at the request of . the excniinge. The survey underlined the exten sion of the securities business in the Midwest and Far West, Funs ton said, adding: "la the light of such informa tion, we believe we should make the facilities of the exchange avail able for a longer period to people in the North Central and Far West ern time belts." Ogden Couple Held In Port land . PORTLAND ( A man and his wife held here on a charge of carrying concealed weapons, were questioned Fridav about a series of Ogden. Utah., dental office rob beries. Chester S. - Frost, 38. and his wife. Aletha Marie. 31, were .ar rested Thursday night for a minor traffic violation. A search of their car turned up two .23 pistols and a .22 rifle, a set of burglery tools and dental equipment. .. Police said Ogden authorities re ported serial-numbers found on the dental equipment matched those of equipment stolen in Ogden. Frost also was questioned about a series of safe-cracking Jobs In Utah. Ida ho and Wyoming. . . Detectives said they also found 72 opium tablets and hypodermic needles In the car. . POTATOES . CHICAGO It) Potatoes: Arlv als 72, on track 135; total U.S. ship ments 524; market slightly weaker: for Reds, demand firm, market slightly stronger; track sales In carlots per 100 lb; Arizona Ponti acs $6.25; California Long Whites $6.60-75; Idaho-Oregon , Triumphs $5.85-6.00; Washington Triumphs $5.75. Streets sales per 100 lb sack; Arizona Pontine t m naiifAia Long Whites $7.00-7.25, -Reds $6.50- igwiwrtBon ronttacs ana Triumphs $6.00-25; Washington Reds $5.75. Mi YMCA SWIFT'S Smoked Picnics i) SKINLESS, DELICIOUS WiM: PURE PORK STEAKS iBlllllr i,1 Armor GASTS; WOUND F... Democrats Battle ' IContlnara froie, rag 1) David X, Lawrence of Pittsburgh. Pennsylvania national commluae man, spurred talk of added support for the vice president. There were Immediate report that Arvey had told the Barkley leaders he would use his Influence 10 get as many as possible of II- llnola' 60 convention votes lined Up tor Baraiev 011 ine ursi Dauot, Lawrence was said to have noted that the 70-vote Pennsylvania dele gation ts split up, but to have In dicated that Barklev might oount on some votes there. These developments came dur ing a temporary lull tn the seeth ing preconventlon battle over civil rights that might explode Into a floor fluht. KlSSKl.L I No less seething were some Southern delegations over the ac tion of Sen. Richard B. Russell of Georila In denouncing the Taft Hartley act. Russell added to the controversy bv saving In a televised newa con ference Thursday night that he sees no reason whv he couldn't support President Truman for re election In the unlikely event Tru man runs. Barkley arrives on the scene Fridav, along with Sen. Robert 8. Kerr of Oklahoma, who claims he has more second choice support for the presidential nomination than any of his rivals. Thetr arrivals will complete the ro?ter of major candidates. Sen. Kr.tes Kefmver of-Tenne see. and Averell Kirrlman' of New York, the muturl security administrator, already have staked out their vic tory claims here, along with Rus sell, i t I STEVENSON ' Gov. Adlal E Stevenson of Il linois, who has shunned the nom ination the others- are scrambling tor. Invited aU Democratic govern ors to breakfast "with him here Monday In advance of e scheduled welcoming address to the conven tion. . . - Stevenson has Insisted he is run ning only for re-eleot!on as govern or and Arvey'e reported switch to Barklev was In line wltn the Il linois committeeman's oubllo pro nouncements that -he hss given up hope of getting the governor Into tne presidential contest. There remained the possibility, however, that the Barklev support might take the form ot a holding action with an appeal to Steven son possible it the convention ties itself In a knot after seven or eight ballots. More Saucers Reported WASHINGTON 1 At 1 a.m.. Friday, radio engineer Elmer Chambers looked up at the sky. Here's what he says he saw: Six or seven bright orange discs were streaking through the sky. In single file. The saucers sped along tor about five seconds and then each. in' turn, veered sharply up ward and disappeared. Chambers, 41. Is chief engineer at the WRq radio station trans mitter in tne wasntngton suouros. DANCE ' Modern and old time danc ing Every Sat. nite 10 p.m. to 2-a.m. (Davliahf time) K.C. HALL Public invited. IM BLDG. Country SfyU ROUND SIRLOIN T-BONE Lean All Moot ;. ! ' f f J. ..,( (-1. ' . . , ; WILLIAM WALDRIP No. I drw of th Ui Yuma, Arii., Und lottery for Veter ans. Waldrtp, Morrill farmer will move to hit new 151 acres of intensively cultivated land In the fall. He flew to Yuma this week to look over his new property. Legal Notice Notlc it h?rby ftvn: Thai t. Brt rm H. Gtmblll of Nh Hay. WaUhinc ton. am th leg I owner of thmt rttln dpolt heretofore In cuitody or th rtrat National Rank of Portland at Klamath Tall. Ortfjnti, in th amount ot 9173 OS. which waa drclard a ban donvd under the pro v lit on of Chapter StT, Oregon Law, at IM7. and turnrd over lo the Stat Land Board of th State of Oregon an abandoned mnnry under the date ot Novcmlxr is, jvlvv and that I have petitioned the said State Land Board fur th recovery thereof. Bertram R. Gamhlll July ia.No. lot rtis 'm J10W1 tqOK' ' WHISKEY A BUNDf GRAND OPENING FRIDAY! 710 PINE Klamath's MEAT CENTER 7. mi Mi Cancer Drive Exceeds Quota For Hie Kcconri consrciitlve year, the American Ciinoer Society funds drive In Klniituth County has aone over tho top, l''olluwliii lust year's novel plan o( "nocltliiii in Urn dark", the drive workers did not know the amount ol KlnnmUi's quoin until thy drive was'coiu'luilrd. Kltim Binllh. drive chiui mull aiinouiu'rd thai this year's drive uimmM In M.M7 amtlust a quota ol 3.'J.H, Paul Landry was last yenr'e drive chuli nmn. Shillh attiluutnl principal credit for the sui'1'cs.iful rnmpalun to tho women workers. The ri'Milf nihil aolli'ltntlon whi directed' by auxll InrlPB ol the Medical and Dental SiH'lt'llea and came tliromli with I. 4711. Gilchrist led couiily riiminunltlea with a I.ViB total, lollowed by Mur rill with iK. Mnlln waa third with i;i.VV In rnnniH'tlnn with the drive, Mrs. Keith O'Hulr. county Cancer Society omiiniaiider. aatd "luan closnts" ol cancer bntidiiucs were nvnllnltle here lor aid of enncer victims. Hiway Provides 500 Mile Cutoff YAKIMA. Wn.-h. I.fl A Itloup scckuiu ue mid development ol the newly opened Hart Hlulmay reported Friday It provides a 500 m lie sliortcul front Calllornla lo Aliutkn. Drlrnates from Oreiton. Wash liiKton and Canada met here for the two-day convention ol the Okanocau Cariboo Trull Associa tion. MARTIN I.HAVKS LONDON im Mary Marun Is leavinx Uie musical "8outh Pa cific" next November. "I have told Uie management I must have a rest and. after friendly talks, they have aitrecd to releaso me," she said Friday. 9? Fsrvers SMOKED, TENDERIZED HAM, ASSORTED 1 WHILE IT LASTS! Lean Piece .''..' 1 FRESH, OCEAN CAUGHT, . Half or, Whole Woallior Western Oietion Hulinv Sullir dnv except cluudv lllullt and liioin Iiik liuiira alomt coaat and locally cloudv eiirlv inni iilnua In north, em Interior. Hlulia Hiiluiiluy HO-HA In north to m ai In aoulh. Lowl Friday ntulit , Wlnili oil ronnt iiuilhi'ilv lo noilliweaterlv and ID lo :iO mllea an hour. EnMuiii Oicuun Cuiitliiurd Mimiv and mild Butiiiriny. Illuhi Hil-IHl. Lows Friday iilulit (Hants I'ana and vlclnllv Fair llirouitli Rnluidav. Illull 09. Low Friday niuht SJ, lly 'Ilie Ai iM'latrd 311 a. in I're.a , Friday Mm. I'rvp, K40 47 911 111 SO M ' 4U ISO v Ji liuura to Maker F.uuritr La Ulniide l.akevlcw Medford Nurlli Iteud Ontario Feiullelon Portland lAIrp) Hn.teljttig Halrm Hnlie Chlcaito ' Denver Kureka Los Anitelea New York Ued Hlull Hnn FrancLtco Heallle Bpokaue Max. It ' m HI in 04 iij HH ' HI It HJ an s HH m in 71 107 74. Tl 78 47 66 74 nl 6J Ml .09 74 M 47 M Jap Quake Kills Nine TOKYO I At leaat nine per luuia died and 134 were hurt when they were pinned In house and buildings cnllapncd by an earth 3uake In central Japan early FN ay, ixillce reported. At least 3M hiiime-i were knocked down by the tremor at 1:10 a.m. The tliock. felt throimhnut Jap an's main Island of lloicvhu, wan jlrome-it In the thickly popylaled Osaka-Kyptn area. II hit Tokyo with a tipphnu motion that lasted over a piinute. , DAM EVERY SATURDAY NIGHT MERRILL Muilc ly BALDY'S BAND 1MET Ph. 2-3322 Pmh DsmiIu 1 mii nuyi Fresh ; Frosted Fresh-Rhode Island Reds V2 or Whole V.' i ; k Sunny Skiejj Enoanger NY Forests Hy The Auoclalrd Vtfrn Tlinuamida ol nciea ol Fucllli; Norlliweat llmbrrlnixl lay lilac ened Friday and couiiIIcm thou ids of acres of inner woodini uirnaienr-a u eapiutie mio unit lili nuv under a ilouillona and bioillnu aim. Ilia wen irriiinn miw no re elll 1 III alulll, Tile loiociisl wu for MS ny xk lei anil teiuiH'iiitiiii'n rnnunr In Ilia liluh mii and Dot Uirouuliut Oreuuu, KiiKlcin Wunliliittun ail lantern iiithoii. ; Hie two inn lor urea ami l aum ' out nf ronirol Friday were bot In Wa.ililiutlnn. One of the blatea ntlll imroiilrn led atarted Tliurnday In exlieinr lieavv alnnlilnu between Die Nun. and Houlh Foi ka ol Uie Nnokaac lllver, In Wlialcum County j mllea nmtheaal ol Wlcknralwm had covered 4M) acres. 'Hie other malor lire waa lx ed near Kllcnubiiri, in Olnckii I'arui. Hevere wlndn lilidlcaii bearlined lllrlluliteii iliuraday they battled to hall the 3VO-a blare. Two major flics were contiol Thin lny, A ble Ihut Jumped Inmi al Inn into ureal llnioer ana ciam uie liven oi two ivhh-i " was broui(lit under control 'llu day alter covermi anu arren Lookout Mouutain in Skagit Co Obituary wnunsMti funtral rrvlc luf Mumrl W,u-,lrtl lit. HltO illrd ill Will Uh pUc frtim III rh. WrS' Klmlll Mittatal H II, h iimI. 1i-iIb .11 m ni . floi-lon C Athtim. m. lUritat ropAl Chtifrh. lnfftpll Vallr. vtt 4 lug l.omitillllllni Mfvirti nq mnt III KUittAlli ttinitrul rrh. DANCING 10 'til 1 . $1 20 PER PERSON (Ton Inc.) fl fO u- 2') 3 . 1 1 s-r r if 1 r. 5 S 1 ( r I A . V i n I v I ! 1 4 1 i- 3 t i 1 1 1 6'