Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Feb. 12, 1954)
FRIDAY, FEBRUARY 12, 1954 HERALD AND NEWS, KLAMATH FALLS, OREGON PACK THRHt MARKETS iDiliaHgS laws,. K;$tock$rl W ALL STREET NEW YORK I A handful of leaders Including the high-balling Mew York Central braced an ad vance Friday in the stock mar ket. New York Central, in the center of a proxy fight for control of the road, was sharply higher and heavily traded. The volume of bus iness in that one stock constituted about 15 per cent of all the' trad ing on the New York stock ex cnange. Cains among the leaders amounted to between 1 and 3 points at times while the rest of the list displayed plus and minus signs spreading only over a frac tional range. Volume i amounted to an esti. mated 1,600.000 shares as com pared with 1,860,000 shares traded Thursday, New Housing Bills Go To Committees WASHINGTON Wl Legislation was drawn today to reduce the down payments and stretch out the rttcayment periods of Federal Housing Administration (FHA home loans. Identical bills by Sen. Capehart (R-lnd) and Rep. Wolcott (R- Mich), chairmen of the Senate and House Banking Committees, were described by the authors as tnc administration measures designed to carry out President EisenhoW' er's housing recommendations of Jan. 25. They would cut down payments By varying amounts lor example. by $350 on a $10,000 house and would reduce monthly payments by extending to 30 years, instead of the present 20 or 26, the time in which a loan must be paid off, Also, down payments as low on used houses as on new ones would be authorized. There is now a all lerential. The proposed legislation, slated for full committee study, avoids any direct mention of Eisenhow er's request for a four-year public housing program designed to start 35,000 --iits annually. Wolcott said' Congress In 1949 authorized a 135,000-unit annual program which is still on the books. Noting that the House Appro priations Committee refused to provide more than 20,000 units for the current fiscal year, ending June 30, he told newsmen a "sinr pie amendment" wiping cut this restriction would fall withm the jurisdiction of that committee. An avowed foe of past public housing programs, he said he saw no reason to authorize In specific terms the President's request when an even larger authorization is al ready on the statute books. The President would be given considerable leeway by the pro posed legislation to change down payments, repayment periods and Interest rates within a sharply de fined range. For example, the President would be empowered to set Inter est rates on a fluctuating scale depending on the average yield of Ions-term government bonds. Both FHA loans and those insured by Ihe Veterans Administration could be set up to a maximum of 2 '.4 per cent above ihe average market yield of these securities. A new program providing 100 per cent government insurance for lowcost housing up to a maximum of $7,000 would be provided for families displaced by slum clear ance or urban renewal or by any other "government action." Cop Acquitted Of Assaulting Judge CHICAGO (ifl A Municipal Court jury last night acquitted a police man who had been charged with assault upon Circuit Judge John T. Dempscy. Tile policeman. George E. Kuh ter, 28, had been charged with assault and false imprisonment. Policeman Donald E. Cummings, 27, Is awaiting trial on charges of accessory before the fact to as sault nnd false imprisonment. Dempsey claimed that the two policemen roughed him up in Hum boldt Park Nov. 14 while he was walking his dog. Kuhter testiiied that he had been Ionising for a man accused by sev eral youngsters of molesting chil dren in the park. Dempsey was questioned because he rcsemoled the description of the molester, the policeman testified. DR. ARTHUR SIMMONS OPTOMETRIST Wishes to Announce that he hai acquired The Office and Practice of Dr. D. O. Schuman Office Hours: 9 a.m. to 12 noon; 1 to 5 p.m. By Appointment Closed Mondavi Office in the LAKEVIEW, j; uvcfcocK.o-i PORTLAND LIVESTOCK PORTLAND I (USDA) Cattle salable for week 2,325: market moderately active despite burdened wholesale coolers; steers and heif ers eenerallv steady: cows steady- strong with some beef cows up 60; bulls strong-50 up; two ioaas aver age choice 1.037 lb fed steers 23.50; few low eood-choice steers 23.00; bulk good steers 21.wkiz.mi; com mercial 11.00-20.00; utility 13.00- 16.50: good fed heifers I9.oo-20.oo; individual choice to 21.00; utility- commercial heifers 11.00-18.00; can- ner-cutter cows 8.00-10.50; utility 11.00-13.50; commercial 14.00-15.00, with voumr' cows to 18.00; utility- commercial bulls 13.00-15.50, indi viduals to 16.00. Calves salable for week 300; market strons. oarticularly for heavy calves; good-choice vealers 20.00-28.00; prime to 28.00: good- choice slaughter calves i8.uu-ai.uu; utility-commercial 11.00-17.00; culls down to 8.00 or under. Hogs salable for week 2.025: market 25-50 lower: choice No. 3 kinds and sows off most: choice No. 1-2 butchers 180-235 lbs mostly 29.00-25, negligible lots to 29.50 early; choice No. 3 lightweights downward to 28.25; choice 250-300 lbs 26.50-27.50, few to 28.00 early; choice 320-550 lb sows 23.50-25.50; extreme weights down to 22.00. Sheep s a 1 a b 1 e for week 1,230: market fairly active, mostly about steady except choice and prime fed lambs strong-50 higher; choice prime lots 20.50-21.00, few lots to 21.50 Monday; good-choice lambs 18.50 - 20.00: good choice feeders mostly 16.00-50; good-choice slaugh ter ewes 6.00-8.00; culls down to 4.00 or under. CHICAGO LIVESTOCK CHICAGO fl Hogs advanced a round 25 cents in an uneven but fairly active market Friday. Most choice 180 to 240 pound butchers brought $26.00 to $26.65 with a few choice loads at 26.75. A few sales of choice to low prime yearlings and steers were made at $23.00 to $26.50. Utility and commercial cows brought $11.00 to $13.50. Buyers paid $20.00 to $22.50 for most good to prime lambs weigh ing 100 pounds and less. Salable receipts were estimated at 5,000 hogs, 800 cattle, 100 calves and 800 sheep, k Grain CHICAGO GRAIN CHICAGO ifi The bulls in wheat and soybeans were living it up this week, watching prices go to new highs on each successive day. Best gains were made by old crop soybeans futures and new crop wheat futures, which made new seasonal peaks. Old crop wheat contracts did quite well too, without making new highs, but new crop soybeans could eke out only meagre gains. i Wheat closed the short, week 2 s.-5 ' higher, corn lower to 1 higher, oats Vi lower to higher, rye lower, soybeans 1 to 7 cents higher and lard 8 to 23 cents a hundred pounds higher. Range of prices for the week: WHEAT High Low Close Close Mar 2.16 2.12 2.15 2.13 'A May 2.16 2.13 2.16 2.13 Jly 2.13 2.08 !, 2.12 s;, 2.07 ti Sep 2.15 2.11 2.15 2.09 , Dec 2.18 U 2.14 !4 2.18 2.13 PORTLAND GRAIN PORTLAND I No transactions on grain market Friday; Lincoln's birthday. Friday's car receipts: Wheat 5; barley 3; flour 4; corn 1; oats 1; mill feed 5. Potatoes IDAHO FALLS W (USDA) Potatoes: Market dull; Russets. No. 1-A, 25-30 per cent 10 oz and larger, 1.85-2.00; 30-35 per cent 10 oz and larger, 1.90-2.10. Sixteen cities: Arrivals 280; on track 809. SAN FRANCISCO Wl USDA Potatoes: 13 cars on track, Cali fornia 1 arrived; market slightly weaker, Klamath Russets No. 1A 2-in. min. poor color 1.90. I.OS ANGELES I (USDA) Potatoes: 79 cars on track, Cali fornia 1, Florida 1, Oregon 2, Idaho 4 Utah 1 arrived; market dull, Idaho Russets No. 1 five-oz. min. 2.90, Deschutes No. 1 fivc-oz. min. 2.83. CHICAGO Ml Potatoes: Arri vals 115 on track 334: total U.S. shipments 815; market dull; Idaho Russets $3.25: bakers $3.75: Min- Inesota North Dakota Pontlacs ,52.10-25; Montana Russets $3.40. 1 ; Phone 3871 Kliewer Bldg. OREGON ' .Yeiifier Western Oregon Intermittent rain through Saturday. Highs both days 48-58. Lows Friday night 40 46. Winds olf coast will become southerly to southwesterly and diminish to 20-35 Friday night and Saturday. Eastern Oregon Considerable cloudiness and mild with occasion al rain showers through Saturday. Warmer in northern valleys with local freezing rain or drizzle, be coming rain showers by afternoon. Highs both days 38-48. Lows Fri day night 30-38. Local gusty winds. Grants Pass and vicinity Inter mittent rain through Saturday. Low Friday night 40: high Saturday 32. Baker and vicinity Cloudy witn a few rain showers through Satur day, low Friday night 35; high Saturday i3. Northern California Occasional rail: Friday night and Saturday with amounts heavy north of San Francisco; little change in temper ature; snow m higher mountains. FIVE-DAY OUTLOOK Western Area: Intermittent rain through Wednesday. Total precipi tation heavy, averaging 2 to 3 mcnes interior valleys. Tempera tures above normal Western Ore gon averaging 50-58 for highs and 38-44 lows. Temperature in West ern Washington near normal, averaging 45-55 highs and 34-36 lows. . ' Eastern Area: Mostly cloudv with occasional showery periods through Wednesday. Weather oiild. Temperatures above normal and showers of rain. Near norma' temperatures Eastern Washington nd Northern Idaho, with snor mostly in North half. Temperatures averaging 40 to 46 highs and 25-35 lows, northern half of Eastern Washington. Northern Idaho 32-36 highs and 20-25 lows. Total pre station averaging .25 and .60. By THE ASSOCIATED PRESS 21 hours to 4:30 a.m. Friday Max. Min. Prep. Baker .. Bend Eugene Klamath Falls .. Lakevlew . 'Medford Newport ..... North Bend Ontario .. Pendleton Portland Airport) 41 37 .3P 42 52 43 39 55 56 56 37 29 40 38 43 39 36 47 48. 32 24 34 49 37 41 9 26 53 50 15 46 51 36 24 .21 .83 .08 .37 .17 1.90 .18 .10 1.05 .51 1.23 .05 Roseburg 55 Salem 52 Boise Chicago Denver - .. Eureka - Los Angeles 48 35 46 .41 68 . 48 51 57 -New York Red Bluff .47 .17 .92 .50 San Francisco Seattle 42 Spokane 28 Tulelake Students Receive Awards TULELAKE Four students of the Tulelake High School, Gary Coyner, son of High School Prin cipal and Mrs. E. L. Coyner, Flor ence Heck, Joyce Holbrook and Norma Kosta, have been awarded the annual Bank of America achievement awards for excellence in general fields of study and citi zenship. Joyce 1s the daughter of Mr. and Mrs. W. H. Holbrook, Flor ence is the daughter of Mr. and Mrs. Earl S, Heck and Norma is the daughter of Mr. and Mrs. An tonio Kosta. The honored students, all mem bers of this year's graduating class were chosen by a faculty commit tee. Winners may be asked to attend regional selections, which will be held at a date to be announced soon. Winners of the later judgings may be chosen for cash awards in Sacramento and San Francisco as high as $1,000 at the final events in May of this year. The awards to be presented by the bank in these two Northern California final events will total $18,000. In selecting awardees, the stu dent's participation in school ac tivities and his leadership qualities are considered with his scholastic record. Gary Coyner's brother, Dick, now at Oregon state, also received this award three years ago. Officials Frown On Social Calls WATERTOWN. N. Y. iPl The friendly mailman was completing his appointed rounds. But why, the postmaster wondered, was he so slow? The carrier himself explained he was In the habit of paying social calls during his tours of duty. Post office officials dismissed him, charging "loitering on the route and thus causing delay of the mail." FOR ONLY $1A50 IV IN A RESERVED SEAT ON THE STREAMLINED l . Nrtlond 7:45 A.M., Ar. Son Franeftco 11:30 P.M. Itrtwrrcoi Choir Crt TimbtfllncTmniCor Cofft-SHp on4 Dining Cart , $KighCaiodMondM(. SKoilfl flOfgMVi wintr drtlfa LaPointe's To Expand Curt O. Lion, owner ol LaPointe's Ladies Ready-to-Wear. 607 Main, has announced purchase of the former General Paint Corp, site adjoining his store. Remodeling of the business site, now in progress, will provide ad ditional window space for display and will lend balance to the exter ior facade. The new window will be open for displays in the near future. Area to the rear will be used for shoe storage and addition al office space. - The acquisition was made, ac cording to Lion, "In order to pro vide a more efficient but not a larger store; it will not increase the amount of sales floor space." Tons Written On Lincoln CHICAGO Wl Is the well of facts about Abraham Lincoln going dry? Researchers have been dipping Into it for decades. Tons of material about him have ' cen printed. . The Chicago Civil WaT-Round Table, an organization which In cludes a number of Lincoln schol ars, has summoned its members to a meeting next Friday night to discuss these questions: Has the Lincoln theme been ex hausted? Have all the Lincoln books been written? Has Lincoln been covered so thoroughly that there is no need of more?" Some of the members made their opinions available to a news man today. Joseph L. Eisendrath Jr., a for mer president of the group, said: "The mass of (civil) wartime rec ords still stored in the National Archives (in Washington) Is cer tain to disclose some new ma terial." .- Elmer Gertz, another former president, said: "There is a whole series of mysteries about the con duct of the War Department dur ing the Civil War which must be solved before anyone can say the Lincoln theme has been exhaust ed." E. B. Long,- round table secre tary, said: "There are minor facts cf his career and some mysteries to be cleared up but the major biographies have been written. "The Lincoln theme has not been exhausted in a long-term sense but let's give It a rest for a few years." Ralph G. Newman, vice presi dent of the group, predicted "fewer and better" books about Lincoln in the future. "That the Lincoln theme is ex hausted is as likely as that no more new things will be invented.' Singer Turns .' Down Yale Bid " NEW HAVEN. Conn. Wl Yale's junior class began looking today for another girl to come as the "collective date" to the junior prom Feb. 26. The class had asked songstress Eartha Kitt but she wired from San Francisco today that she couldn't make It because of "gen eral poor health. Miss Kitt's announcement said her physician had ordered her to cancel all outside engagements and several of her appearances in the show "New Faces of 1952.' She rejoined the show only this week after missing several per formances. Publishers Meet To Discuss Probe NEW YORK Wl The Ameri can Newspapers Publishers Assn. says it will meet soon with Asst. U.S. Atty. Gen. Stanley N. Barnes to discuss Information pertinent to the Justice Department's an nounced probes of advertising and newspaper publishing associations. Last month Barnes, chief of the department's ' anti-trust division, said an investigation of "certain aspects" of the newspaper and ad vertising business was under way. He said the probe stemmed from complaints received by his depart ment but he did not give their source. MUSTtflOLE fives refitf mms Moving hi anmniTis ACHES-PAINS Plus Tai KLAMATH FALLS Ptiont Southern Pacific -f ir- BIRTHS ALSBROOie Horn In XI. nA M Corby Alsbrook, February 11 at Klam ath Van Hospital, a girl wtlihlnj 1 lbs. 3 oz. SKYLES Born to Mr. and Mn Donald Skyles. February 11 at Klam ath Valley Hospital, a boy weighing e lbs. 11 oz. HASH Born to Mr. and Mrs. Jlm- mv Hasha. February 11 al Klamaih VaUey Hospital, a boy weighing 7 lbs. STEWARD Born to Mr. and Mrs. Albert Steward. February 11 at Klam ath Valley Hosnltal. a boy welehlne V lbs. i. oi uuver Born to Mr. and Mrs. Charles Dover, February 11 at Klam ath Valley Hospital, a girl weighing 0 lbs. 9Va ox. , . Funeral BOND Funeral services for nnree Otis Bond, 67, who died In Dorrls, Californ ia February 10. wilt take place form the Dorrls Nazarene Church on Satur day, February 13, at 2 p.m., the Rev. Lest X Huffman officiating. Commit ment service and Interment in Plcard Cemetery. Ward's Klamath Funeral noma in Charge or the arrangements. ' THOMSON Funeral rvir-a fnr h.h, ink. Charles Thomson, who died in Portland. urcion. reoruary lu. win taae place at the graveside In Klamath Memorial Park on Saturday. February 13. lo::lo .m.. tho Rev. Lloyd Holloway offtcl aung. Ward's Klamath Funeral Home in charge of the arrangements. Dockworkers, Miners Meet PHILADELPHIA W An offi cial of the Independent Internation al Longshoremen's Assn. said Fri day members of the ILA's Atlantic Coast district rriet in Washington last Monday with representatives of John L. Lewis' United Mine Work ers to discuss affiliation of the two unions. The ILA spokesman, who declin ed to be Identified, quoted Lewis as saying "the door was open" to a formal association of the two large Independent unions; The ILA official added, however, that such an affiliation Is "far away yet." The Atlantic district embraces the ports of Boston, New York, Philadelphia, Chester, Pa., Wil mington, Del., Baltimore and Nor folk. The New York local largest In the district witn 25,000 members would be excluded by law from af filiating with the UMW until the National Labor Relations Board hands down a decision on a dis puted collective bargaining election which the ILA won from the AFL. The AFL exrielled the ILA and formed its own union last year auer cnarging me old ILA with falling to rid Itself of racketeers. Lewis has been reported giving financial backing and advice to the old ILA In its fight with the for mer parent union. The Philadelphia ILA official said he understood Lewis would meet ,wlth officials of the ILA's South Atlantic district next week. V ROEBUCK AND COt mmmm tZ&!S'' lis k ! 1 'SaZtyaefiott OUaUUlZwt fFAf)f Store Hours: KaowimnwfaU JlHK) ,33So8,h Police Nab Car Thief A 18 year old youth who was picked up near Medford after wrecking car. stolen from Sixth and Main in Klamath Falls Thurs day, admitted to Medford author ities this morning mat he had aban doned another stolen car here. The stolen Klamath car was tak en when the owner James P. Har ris, 3753 Butte, parked and left the motor running while he entered a store. Seventy two dollars worth of groceries were In the back seat of the car. These were scattered along Highway 99 on . Siskiyou mountain, according to the car bandit. , A Medford car stolen earlier was located by Oregon State Police this morning. The car was parked on High between Fifth and Sixth Streets. Prowler Hits Conger School Another school prowl was report ed to city police last night. This time Conger school was the target of a prowler who after drinking a bottle of milk and eating a candy bar made .off with about $25 in change. Entry to the building was made through a window of the sixth grade room in the basement. A set of muddy tracks led from there to the cafeteria where the culprit helped himself to a bottle of milk, then upstairs to the principals of fice where he ate a candy bar, pried open a drawer and left with the money. The school was entered some time between five and nine o'clock, according to George P. McClary, janitor at the school. Bonanza Women To Hold Benefit BONANZA The Bonanza Wom en's Club gave a March of Dimes benefit card party at the library February 6. Gertie Dick was chair man of the party, which netted $25 for the fund. Mrs. Birdie Bulk won the special prl,e which was a beatuiful cake baked and decorated by Clara Bold. Attending the party were Mr. and Mrs. Ed Gowen of Klamath Falls; Mr. and Mrs. Charles Partridge and Mrs. Paul Monroe, Langell Valley; Mr. and Mrs. Benson Dix on, Mr. and Mrs. BUI Bechdoldt, Mr. and Mrs. Merrill Stewart, Mr. and Mrs. Cecil Haley, Mr. and Mr-. Owen Pepple, Mrs. Birdie Bulk, Mrs. Elva Maxwell, Ivan Bold and Mr. and Mrs. Isnmaei Dick. P(M end ...will do wonders Sears Posture-Fit Tailored-to-Measure SUDTS AS LOW A 4.00 Don, 4.00 Month on Start laty Payment Plan (Usual tarrying chorgt) It's dolt end dashes from coasl to coast , . . fashion's newest end finest. Colorful, wonderful worsteds in cool and medium weights. Expertly tailored into a suit that look; belt- and wears better because it's made to your individual measurements. Come in, see them and order one for yourself, today. It costs so little to dress so well! made for you clone in Ihe style that suits you bestl correct fit guaranteed. s. Royal Rummage Sale To Start; Farouk Had Some Bizarre Tastes NEW YORK A Would you like a bloodstone bodkin case? Or bow about a gold etui "of elongated bombe shape chased with cuplds and lovers on a matt ground, the sides with sporting puttl"? These are among tens of thous ands of Items, ' valued at about three million dollars and formerly belonging to ex-King Farouk of Egypt, which go on auction sale today In Cairo. It's the biggest rummage sale of royal property the world has ever seen. The ben eficiary Is the Egyptian govern ment. Dealers in New York, wonder ing if Farouk's playthings would interest you, are scanning the cat alogues. Grab a dictionary and an armload of catalogues. You'll con clude, too, there couldn't nave been many dull moments In the palace of the King of Egypt. An etui, by the way, is a fancy case for small articles. A puttl is a nude, cupidlike child. A bod kin is a sharp-pointed instrument. Gold, silver, precious stones weird clocks and watches, stamps, coins, fantastic trinkets, bravura bric-a-brac all the unnecessary things of life that make the differ ence between a monarch and a mule skinner will be auctioned off through next month. Among Farouk's kingly passions were stamps. A spokesman here for H. R. Harmer. Ltd., of London, the firm handling the auction of the royal stamp collection, esti mates its value from $300,000 to $400,000. Farouk had one advantage over Judge Dismisses Disorderly Case A disorderly conduct case ap- pealeu from the Wood River Jus tice Court at Chiloquln was dis missed Thursday by Circuit Judge David R. Vandenberg at the re quest of District Attorney Frank Aiaerson. The defendant, Andrew Zudell was found guilty In Chiloquln on December 8, 1953 and fined $150 by Justice of the Peace Walter Zim merman. Defense Attorney A. O, Yaden filed notice of appeal and Zudell was released on $300 ball. In asking dismissal, Anderson told Judge Vandenberg that the complaint was faulty and did not state a crime. He added there was not sufficient evidence against the defendant to gain a conviction, pl0&teA tor your appeara;; :ei 3975 9:00 a.m. to 5:30 p.m. ' Phone 5188 As King the average philatelist. When ho wanted something special in the way of Egyptian stamps ne simply ordered it made. Thus, for exam- SU uo UOrM WllM) DSa CA4 ait II. Mm . of stamps with "canceled" printed on the back of each In Arable and English on alternating stamps. His thousands of stamps include such choice items as a special coi lection of the American Confeder ate states worth $7,500: a rests- tered letter bearing a pair and a suutie oi rare itomajuau suunps WWW SI,WV ' W BU,VW, . . . iiui even more curious are the tens of thousands of rare and val- uable objects which are being sue- nonea unaer tne direction of Both eby b Co. of London. ' , Here Is a Jeweled roval rattle In which the noisemaker, invisible. io n ID15B ivuj. lit., o 10 buuioju silver to keep the U. S. Mint busy .. tor a low sunn- cgvpiian.' iWClBO. Chinese, Burmese, Persian, r-rencn, English designs In the snape of everything from sweet meat dishes to candelabra so nu merous they could light the tower : of the Empire Stale Building. One nuge set Illustrates all the fables of La Fontaine. There's enough - silver table Items as asparagus servers and sugar sifters, to feed a thousand guests. There are flagons, tank ards, cenierpieces, rteuopons cups. salvers, rose bowls, trays, toast , racks plenty of each to clutter ihe apartment of next June's ; UI1UCS, The citizens of- a good-sized' city could aneezA for a vear on ' the ' snuff that could be contained In the diamond-encrusted snuff boxes. ' Here are 200 gold and jeweled vujcblfl ,'1 -ss-vuy -."("- urhlrh hrtlr hanrllA.lRR nmftll nor- - celain cups of Turkish coffee. Mnol nf tils, tvnrlri'e CfrMt o-nlrt smiths and jewelers are represent v pri with Riinq. hsill nttahps 'ntiHc desk sets, cigarette cases, bonbon-' meres, a miniature rouiene wneei. But this Is only the beginning. mere's a lascinating collection - of Swiss and French watches, more than a century old, with automatic scenes and music. Of even greater rarity are the 18th century singing UUU UUACS XllUmVBI WACO, BUUll boxes, harps, pendants and scent uucons witn now nieuutsmciu avua .. munlenl mnvAments. . . . .. ,! And still it's only the beginning. . only a small part of the thousand and one fabulous amusements of Farouk when he was King of Egypt. , SUN OF CANADA POLICYHOLDER DIVIDENDS UP S24Vz million to be fxld In '54) Ut imMiu cost asrata'TsxtucJ A higher dividend scale which for the fifth consecutive year will Main reduce the cost e( life Insurance for the holders of two million Sun Life of Canada po licies. Is announced by George W. Bonrke, President, in his An nual Review of the Company's business for 10.13. Dividends to policyholders during 1954 will amount to $244 million, 11 more than In 1963 and an in crease of more than 60 over the last Ave years. Most policy holders carrying participating nlans with the Company will benefit by this Increase, with, the largest payments neing aisiric uted In respect of policies long est in force. In his survey of the figures for the year, Mr. Bourke, com ments on the manner in which life insurance meets the respon sibilities of its purpose. The Sun Life of Canada, he said, has paid $2,729,000,000 in benellts since the first policy was Issued In 1871, and during 1953 no less than half a million dollars was paid out by the Company each working day. Total amount paid during the twelve-month period was 1126.087,000. New life In surance issued during the 'year amounted to $676. 946,000, an in crease of $31 million over 1952. This rising volume of business was spread over world-wide ter ritory in the nearly 30 countries covered by Sun Life eervice. New Oroun Insurance Included In the above figure amounts to $170 million, an increase, of more than $5 million over the previous year. New annuity contracts during the year Included individual an nuities and group pensions guar anteeing payments of more than $4 million per annum. Total an nuity payments to be made by the Company either Immediate ly or in the future, through group pension plans and Individ ual contracts, Increased to $126 million per annum. Total Sun Life insurance in force at the end of 1953 amounted to $5,678,000,000 of which 79 Is in the United States and Canada. Group Insurance Included In this figure Is M.751,000,000,1 an In crease of 17. Total assets of the Company, carefully Invested and well diversified, are made up of Bonds Government, State and Municipal 28.7; Bonds Public Utility, Indus trial, etc., 41.6; Preferred and Common Stocks 6.0; Mort gages 14.4: Cash and Miscel laneous, 0.3. The 8un Life has 46 of Its assets Invested In the United States. A copy of Sun Life's com plete 1953 Annual Report, In cluding the President's review of the year. Is being sent to all policyholders. All inquiries re garding the life insurance serv ice of the Sun Life of Canada in this district should be ad dressed to Paul A. Lee, Rep resentative, 1300 East Burnslde, Portland, Oregon. t
