Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Nov. 10, 1954)
PAGE FOUR HERALD AND NEWS, KLAMATH FALLS, OREGON WEDNESDAY, NOVEMBER 1Q. MARKETS AND FINANCE STOCKS WALL STREET NEW YORK 11 The stock market wat generally higher Wednesday In a moderate con' tinuation of Its post-election sweep aheaa. Despite gains that in some in stances ran to around 3 point, the market was prevented from making a sharp tun ahead by numerous losses that in some in stances were heavy. Trading volume was quite good at an estimated three million (.hares. That compares with Tues day's 3,240 000 share when the market was slightly higher. Grains Democrats Say Tax Cut Not Likely WASHINGTON W Key Demo crats who led a (utile light earlier this year lor a big Individual in come tax cut held out little hope today (or any substantial taxpayer relief in 1855, even though the Democratic party will control Congress. " They indicated a less favorable budget situation may postpone a new individual income tax cut until 1956, or at best permit a smaller cut than they advocated In the past congressional session. All 10 holdover Democrats on tile tax-writing House Ways and Means Committee were polled for their views on a possible Individual in come tax cut next year. Of the nine who replied, five voiced doubts about the prospects lor such a cut, three declined to make any forecast and only Rep. Dlngell (D-Mich) said the outlook was bright. Dlngell on Monday an nounced he will introduce a bill early in the new Congress to boost individual exemptions for each taxpayer and dependent by 1100, The present exemption Is $600. When the Democrats tried un successfully to tack a similar pro vision to a big tax Tevlslon bill earlier this year, all 10 Ways and Means Committee Democrats sup sorted the move. Democrats used the tax Issue In the recent political campaign, de claring a tax revision program sponsored by Republicans provided hefty tax cuts for corporations and wealthy persons, but did not give enough help to the average tax payer. Dlngell s bill would repeal p section of the new tax law pro- vidldng reller to stockholders on their dividend income. Commenting on the fresh Indiv idual income tax cut proposals, Rep. Eberharter D-Pai said: "1 doubt If It can be done. We have to face tho probability of a higher deficit. Wc don't like to advocate an inorease In the deficit which it already so high, unless faced with an emergency situation." CHICAGO GRAIN CHICAGO Ofi Orains de veloped a mixed trend on the board of Smile Wednesday. Wheat, corn and oats generally held firm but soybeans and rye were under selling pressure. Soy beans lost around 4 cents at one lime on selling prior to issuance of a government cop report. Wheat was aided by sales of Pa cific Coast white wheat to Japan. Wheat closed VI !a higher, Dec 2.26 ; corn unchanged to higher, Dec I.M'i-'i: oats low er to H higher, Dec U rye unchanged to 1 lower, Dec 1.2s t.-'i: soybeans 2 ?4 lower to rent higher, Nov 2.81 'v'i. and lard is to (0 cents a hundred pounds lower. Nov. it. 27. WHEAT Open High Low Close 2.24 2.26 2.24 2.26 2.23 2.26 2.2 2 2.24 S 2.11 1, 3.12 'i 2.11 i 2.11 ; 2.1J4 PORTLAND GRAIN PORTLAND i No coarse grains bid or offered. Wheat (bid) to arrive market, basis No. 1 bulk, delivered coast- Soft White 2.33 Soft White (ex cluding Rex) 3.33 Vi; White Club 2.33 'i. Hard Red Winter: Ordinary 2 34 Vi- Car receipts: barley 3; flour 1; corn 1; oats 1; mill feed 2. Dec May Jl.v Sep ' Livestock Ike Wires Coon Congratulations BAKER Congressman Sam Coon, Republican reelected as Ore ton's second district congress man, received congratulations (mm President Elsenhower. r The wire, which was signed Dwiaht D. Elsenhower, read: "My warmest congratulations go to yoil on your victory. I am happy with you that you again won a vote of confidence In your public service. I look forward to the renewal of our association durlnj the 84th Congress." KF Barber Shops "SJ : Observe Vets Day In observunce of Veterans Dsy, local barber shops will be closed ' Thursday November 11, according ' to Al Carpenter, president of the barbers local No. 841. The Klamalh County Courthouse will also be closed and there will be no court sessions, either city or county, officials stated. .' Downtown stores will remain open, aocordlng to Keith Moon, , president of the Klamath Mer- i chants Association. PORTLAND LIVESTOCK PORTLAND W (USDA) Cattle salable 2f0; market fairly active, mostly steady with canner-cutter cows strong; few loads good 884 1.015 lb fed steers 21.50-22.60 wiln part load 1,200 lb and trucked lots 077 lb 21.00; few utility steer.i 12.00-15.50; load good 825 lb (ed heifers 18.50, lightly sorted at 17.00; canner-cutter cows mostly 0.60-7.50, few up to 8 00, utility commercial grades S. 00-12. 00; utility-commercial bulls 13.60- 14.00, one heavy 14.60, cutter down to 2.00. Calves salable 60; market about steady; good-choice vealers 17.00 21.00. few choice 306-3SO lb calves 18.00. Hogs salable 200: market active, steady with sows strong-50 higher; choice 180-235 lb butchers 20.00 21.00; choice 300-560 lb sows 16.00 17.60. Sheep salable 00; market slow, about steady with Wednesday's weak-50 lower close; . 502 head mostly choice with some prime 101 lb Washington range lambs 18.00 truck lots choice-prime 97 lb lambs 17.50, good-choice grades 16.00-17.00, choice-prime 106 lb No. 1 pelt 17.00, good-choice feeders 13.00-14.00; utility-good ewes 3.00 5.00. CHICAGO LIVESTOCK , CHICAGO (fi Receipts of hog were much higher than expected Wednesday and the market de clined. Butchers dropped 10 to 25 cents while sows were stesdy to mostly 25 cents lower. Buyers psld $19.25 to $19.50 for 180 to 320 pound butchers (or the most part a 1 1 h o u h 85 head t-.irhrri $19.80. ' the top. Most hnin. 2ao in 250 round butchers moved at $19.00 to $19.35. Sows sold lrom $15.60 to $18.25. Steers and hellers SOlO unevenly -i.h in so cents htcher. A top , t mi so was nald for a load of high prime steers. Most good and choice kinds moveo $2i-00. J ' . wnnieri limbs sold steady to 9 cents lower while yearlings and hern he d steady. UOOd lo cnuii.- native woolert lambs were taken at $18.00 to 20.uu, i o p v ' " a ' :...,.., Sa able receipts were uius i .t n nnn hoos. ll.ooo came, juu calves and l.auu sneep. OBITUARY ALEXANDER f Miifhcii Aivndtr. 47 na tive of Prn. Ttxan, and realdent of thu ctty. dltd htn Novambtr t. Snr vtvon include the widow. Etta AltK ar.der ol thu city: a itiitr Mm. May O Hair Memorial Chart! il in charie of funeral arrangement!. Aurmtint B. Vmith, 34. died here November 7. H was a lifetime rel duU of Klamath County. He ii ur. tved by hi widow. Ada May of Bet tv: one aon. Robert, four daughters Linda. Lyd. Judy and Ida. mother. Loll in Craln, Ulr RotMta Cratn. nil or Beany, run era i lervirea win i 'ace from the amity Meinoaw ununn frldiv. November 12. at 10: JO a.m. end 1:30 .m.. with the Rev. tfarlry Zeller nfftciatlni. loncuminr service u.11 follow in the Matcnkaiket Ceme lerv In Realtv. Ward Klamalh Fu neral Home in charge of the arrange ments OREGON STATE MOTHERS prepare for Voreran's Day dinner which is being held at Joan'i Kitchen at ih fairgrounds on Veteran's Day (November II), starting at 6:30 p.m. Pictured, from left, Mrs, Brooks Custer (stirring the spaghetti sauce I, whose daughter, Barbara, it at tending OSC and whose son, Reed, is a graduate; and Mrs, Adam Detroit, whose son is at tending OSC on a scholarship from tha local Oregon Stats Mothers Club. Tha annual din ner is open to the public and all funds go to the OSC scholarship fund. Merrill UF Campaign Meet Held United Fund Red Cross cam paign officials met Tuesday eve ning in Merrill to work out drive details with volunteer workers in that community. The Merrill Lions Club Is spon soring the drive with L'5 members working under the chaitmanship of John Thompson. Committee in cludes Alonzo Hodges and Howard Dewey. Lions are assuming can vass In the business district; Mrs. Dsle West is organizing residential solicitation and canvass of ranch homes in the surrounding area, as sisted by Robert Petrick who is also helping on the special gifts committee. General drive chair man is Harold Hendrickson. It was emphasized that 25 per cent of the net amount raised in Merrill will be returned to the com munity for its summer recreation program. Last year this plan net ted Merrill about $550. Lions re mind Merrill residents that a good portion of recreation funds is de pendent on success of this year's United Fund-Red Cross campaign. The working committee urges donors to use the pledge plan, since the area Is largely agricul tural and since most growers have not yet disposed of crops. Roy Murphy, UF-RC public re lations chairman, told Merrlllites that the county drive Is very de pendent on the outcome In rural communities for repented success this year. Since outlying commu nities comprise a majority of pop ulation, these people should as sume their fair share of the burden and not depend solely on the city and suburban area. Murphy pointed out that 35 per cent of the county population is in rural communities, but because so. licltatlon is difficult and because the city benefits more from char acter building agencies served through the fund, only about 17 per cent of the entire quota is al lotted county communities. Quotas have been set on the basis of ad vantages per agency to the county areas. Returns from other county com munities follow: Weyerhaeuser townslte, with quota of $100, turned in $180 from Fairhaven School alone, putting them over their goal. C of C Official MisitKF Harrv Lints, district manager, Pacific Northwest Division of the Chamber of Commerce of the United States, will be In Klamath Falls on Monday, November 22. A no-host luncheon is planned for noon of that date in the Camas Room of the Winenta Hotel, spon sored by the Klamath County Chamber of Commerce. The luncheon meeting will be open to all interested persons. Re servations must be msde by call ing the local chamber office, tele phone 5193. me u.s. Chamber s mm. it s Everybody's Business." will be presented by Lints. The film has been reoeiving national acclaim as It dramatizes the American business system which, built on a firm foundation of freedoms, has given America the highest living standards in the world. This is Linlz's second visit to Klamath Falls. On the previous occasion, he was guest speaker be fore a Joint meeting of service clubs to discuss the problems re lating to national affairs and current-legislation before Congress. Fashion's Lotesr . . . SMART VANITIES See our large stock WATER RUINS PAINT! KEEP IT OFF WITH Aluminum Can't Rust Gutter DO-IT YOURSELF AND SAVE All Accessories And Know-how At . . . SWAN LAKE MOULDING 3226 So. 6th Phono 3169 ! r y 4 Over 72 to Choose From Single Vanities and Sets 79c ,.1200 Spill proof powder par plus lip stick. Gold or silver finish, jowelcd with rubies, emeralds, sapphires. Assorted styles and dosiqni painted cloisonne. Jewel Boxes Leather quilt tooling, velvet and satin lined, upiwinq trays, lock and key. White, brawn, grey, black, blue. 300 to 1500 East Side Pharmacy 80S F. Main You can taste the finer ingredient that's EXTRA in SuhHvhank Mnrenrinpl OF COURSE THERE'S A DIFFERENCE IN MARGARINES Just how fresh and sweet is the margarine you use? Now try new Sunnybnnk and taste the difference its finer ingredient makes. Discover the special enjoyment of this grand EXTRA that makes new Sunnv- bank richer . . , more delicious f or every use VV , Spriadier, tooi Even when cold ana on iresncst bread. Another 1 reason to try Sunnybank today ! 1 0 Weather Western Oregon Occssional rain Wednesday night. Showers snd partial clearing Thursday, Little change in temperature with higha 55-65. Lows Wednesday night 40-48. Winds along coast Minting to southwesterly Wednesday night. winds win decrease to 10-SO Thursday. Eastern Oreeon Partlv Mnnriv through Wednesrinv nipht Tn.i-.ag. ine cloudinesH and ft few qnftj.t-l iShowers Thursday. Patches of late night and early morning log in vaiieys. uiue cnange in tempera ture With hlehs 45S I.niii. U'nri. inesday night 26-36. Grants Pass and Vicinity Rainy Wednesday night and show ery Thursday. High Thursday 56; low Wednesday night 40. Northern California Rain in extreme north through Thursday. Winds along coast becoming south erly and increasing Wednesday nli-ht. Boat, Trailer Reported Stolen ' Kenneth McOinnls, Cooley Hall, Oretech. reported to city police Tuesday that, sometime Monday night his boat snd trailer were stolen. Apparently someone hooked the trailer to the back of a car and drove off with It. The boat was green in color and had the initials K. C. on the bov, McCinnu report ed. The theft of four new tires nd wheels from a Dodge truck near Midland was reported by F. H. McCornack, 2571 Lakeshore Drive. The tires were 150x20 s the re port stated. Gas Company Tax Reported A check In the amount of $H -246.25 was delivered to the local tax office today by E. Mullis, dis trict manager for Caluornia Pa cific Utilities Company. This pay ment represents the full amount of 1954-55 Real and Personal Prna erty taxes for the company's op erations in Klamath County. . The office of California - Paci fic Unities Company will be closed November 11. District AA Meet Planned Leaders of Alcoholics Anoa. mous from aU parts of Ore, will gather in Klamath Falls thii weekend for a series of meeting. The sessions will be held in is. A A Center, 120 Riverside. Mni. Park. 'm Eight members of the AA stai. Service Committee, represents, all sections of Oregon, will tJ guests of the Klamath Falls groUB The delegation wll be headed b Doc D. of Portland, secretary of the committee. Other members of the committee are Ken, Ashland Keith, Madras; Doc, Eugene- Har old, Coos Bay; Joe, Salem; Vij Portland: Jane, Portland aM Hank Klamath Falls. The visitors wHl be present Sat. urday night at an open AA meet ing which also will be attended by delegations from Medford, Ash land. Grants Pass, CamD Whit. Yreka and Alturas. Any person wan an aiconouc prooiem will be welcomed at that open meeting slated to start at 8:30 p.m. On Sunday the Estate committee win noia a session ai me AA Cen ter to -discuss the organization's program lor aiaing , uncontrolled drinkers. STANDARD HEATING OILS 821 Spring Ph. 4153 1 STOPS WINTER C-O-L-D with automatic Oil Heat - ,C-Ti il "mnniii'i 'ill, i jmm . . . and saves you time and money ':'s modern... oil -heat for convenience, safety, cleanliness . . . and it's better than ever with the time-saving service of your Housewarmer. He's the Standard Heating Oil man near you who takes over the whole heating job, keeps your fuel tank filled automatically, too. No guesswork or worry. It's economical. ..your Housewarmer's Standard Furnace Oil with Thermisol actually cleans your burner system as it heats . . . keeps it operating at top efficiency. You get more fast, clean heat for your money. For dependable Housewarmer Service, call your Standard Heating Oil Distributor, or local Standard Oil Office. For circulating heaters, ask for Standard Stove Oil STANDARD FURNACE OIL Get Sunnybank at SAFEWAY today! STANDARD HEATING OILS A - j
