PAGK 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
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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
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HI
in
04
iij
HH '
HI
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71
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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.)
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