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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Aug. 16, 1955)
PAGE FOUR MARKETS AND FINANCE STOCKS WALL STREET NEW YORK I Tne 6 UK It market was irregularly lower Tues day with trading quiet. Good gains were made from time to time by various groups and In dividual Issues, but the general trend was down most of the. day. Business was not too brisk at an estimated 1,600.000 shares. Coppers were strong and air rralts were In demand. Steels and railroads were lower. NEW YORK STOCKS By THE ASSOCIATED PRESS Admiral Corporation 23 ', Allied Chemical Allis Chalmers Aluminum Co. America American Airlines American Motors American Tel. & Tel. American Tobacco Anaconda Copper Atchison Railroad Bethlehem Steel Boeing Airplane Co. Borg Warner Burroughs Adding Mach. California Packing Canadian Pacific Caterpillar Tractor Celanese Corporation Chrysler Corporation Cities Service Consolidated Edison Crown Zellerbach Curtlss Wright Douglas Aircraft , du Pont de Nemours Eastman Kodak Emerson Radio General Electric General Foods General Motors Georgia Pac Plywood Goodyear Tire Homestake Mining Co. International Harvester International Paper Johns Manvllle Kaiser Aluminum Kennecott Copper . Libby, McNeill Lockheed Aircraft Loew's Incorporated Long Bell A Montgomery Ward New York Central Northern Pacific . Pacific American Fish Pacific Gas it Electric Pacific Tel. & Tel. Penney (J.C.) Co. Pennsylvania R. R. Pepsi Cola Co. . Phllco Radio Puget Sound P. It L Radio Corporation Rayonler Incorp. Republic Steel Reynolds Metals Riehtleld Oil Safeway Stores Inc. Scott Paper Co. Bears Roebuck & Co. Sinclair Oil Socony.Vacuum Oil Southern Pacific Standard Oil Calif Standard Oil N.J. Studebaker Packard Sunshine Mining Swift b Company Transamerlca Corp. ' Twentieth Century Fox Union Ot! Company Union pacific United Airlines United Aircraft United Corporation United States Plywood United States Steel Wamer Pictures Western Union Tel Westlnghouse Air Brake Westinghouse Electrlo Woolworth Company 107 10 68 'i 25 !a 183 73 73', 1354 143 61 43 , 28 1 2 44 33 Vt 50 Vt 223 Vt 83 53 51 78 21 69 220 77 74 50 84 Vt 125 Vt 36 V. 65 38 38 ' 104 83 Vi 34 V, 12S A 15 Vl 45 V, 23 35 ' 7Mi 44 72 ', 11 51 145 84 26 Vi 23 Vt 35 38 Vt 46 35 1 1 44 li 212 70 44 70 87 ',4 54 60, 60 88 -k 133 V, 10 5t r. 43 Vt ,28 161 42 s 75 38 61 30 22 27 64 48 POTATOES Br THE ASSOCIATED PRESS The Tuesday potato market re port by the Portland otllce of the U. S. Department of Agriculture: Sixteen cities, arrivals 168; on track 497; shipments 308; Northern Calif. 30. Central Calif. 36; South ern Calif. 21; Idaho 60; Oregon 100; Washington 48. SAN FRANCISCO Street sales market about steady; prices un changed. nmnAOO im Potatoes: Ar rivals 63. on track 187 and total U. S. shipments 308; whites about steady, round reds firm for best stock. Carlot track sales; Califor nia long whites $3.90-4.15; Idaho- Oregon long wnnes w. - 0 . Washington long whites 83-80-. Idaho-Oregon triumphs 2.25; Wis consin pontlacs $1.80-1.85, warbas SI. 50; Washington pontlacs 1190. Weather Outlook By UNITIKD PRESS San Francisco Bay Region: Fair today, tonlf.rtt and Wednesday but overcast near ocean extending in land mornings; little, change In temperature: high today San Fran cisco 60. Oakland 64, San Mateo 7'J. San Rafael 72: low tonight 4S-53: westerly winds 10-30 mph after noons. Northern California: Fair today, tonight and Wednesday but coastal fog; Utile change In temperature; northwesterly wind 10-22 mph near roast. Sierra Nevada: Mostly fair today tonight and Wednesday but widely scattered afternoon thunderstorms likely extreme southern ranges; little change In temperature. Sacramento Valley: Fair today, tonight and Wednesday; little change In temperature: high both days (7-97: low tonight 50-0O; southerly wind 7-14 mph alter noons. Northwestern California: Fair to day, tonight and Wednesday but coastal fog: little change In tem perature: high today and low to night Napa 78-50. Santa Rosa 7-4d. Uklah 0O-53; northwesterly wind 10-22 mph near coast. MKMORML FAIRBANKS. Alaska. IfV-Yes-lerday. the 30th anniversary of the death of humorist Will Rogers and liter Wiley Post, a commercial transport plane dipped low over the two lonely monuments marking the spot where they were killed In a plane crash and dropped a wreath of flowers. Ta seeare HIGHER PRICES for Your Livtstock sell threat! CSe FARM IUHiAU Cealart Oea. l.twll ra. LIVESTOCK CHICAGO LIVESTOCK CHICAGO IjB Butcher hogs sold steady to 25 cents lower while sows were steady to weak Tuesday. Butchers scaling 160 to 130 pounds sold for J14.60 to 1.2S. Those In the 160 to 270 pound range went mainly at $16.25 to 81CS0; a tew choice sows weigh ing around 300 pounds command ed $15.75. j , c Steers sold mostly steady to 25 cents higher, a few prime steers set the top at $24.00. Good and choice steers sold at $18.00 to $22. 50. Choice heifers went at $18.50 to $22.00. Cows topped at $13.00 and bulls at $15.00. Spring lambs dropped 50 cents. Buyers paid $20.00 to $23.00 for good to prime offerings. Receipts were 9.000 hogs, 5,500 cattle and 1,500 sheep. PORTLAND LIVESTOCK Portland tfl (USDAl Cattle salable 350; market acilve, about steady four-load string nign gooa avcrage choice 825 lb fed steers 23.50, wltn one ioaa ku s'"" out at 22.25- few utility steers 12.00-18.00; utility heifers 11.00 13.00; canner and cutter cows 8.00-Pfl.SO- few low utility beef cows 10 5011.50; utility and commercial bulls 14.00-15.50; one heavy Hol steln bull 15.75; light cutter bulls down to 11.00. Calves salable 100; market ac tive, strong with most sales now 1.00 higher for two days; good and rhntr ralves and vealers 18.00- 22.00 including sorted trucked lots choice 335 lb calves at 20.50; utility and commercial grades about steady at 11.00-16.00; one lot good and choice 322 lb stock steer calves 18.00. Hogs Balable 200; market active, steady U. S. No. 1 and 2 butchers ifavns lh 20.00-20.50: few No. 3 lots 10.50- choice 155-160 lb 19.00; choice 350-500 lb sows 13.50-16.00; few 240 lb to 17.00. Sheen salable 500; market nareiy active, mostly steady considering nnoror Duality: good and choice spring lambs 17.25-18.50; few good and choice feeder lambs 14.60 15.00; range feeder lambs Monday up to 15.50: few good and choice 110-140 IB no. 1 pen yearungs ji.uv 13.00; cull-good slaughter ewes 3.00-4.00. SOUTH SAN FRANCISCO W (USDAl Cattle salable 150, supply mainly cows; opening moderately active, cows around steady, other classes not established; few utility- low commercial cows 11. 00-12.50, canners and cutters 8.00-10.00. Calves salable 175: supply most-. ly slaughter calves: opened mod erately active, slaughter calves steady-strong; couple o 101s gooa and choice 350-400 lb slaughter calves 19.60. Hoes Salable 200: early supply mainly butchers, opened only mod erately active, butchers around 10 lower; several lots u. a. no. 180-240 lb butchers 11.40. Sheen salable 850; early supply mainly spring lambs; market not fully established; few choice shorn spring siaugnier iamos wim no. 1 pelt 18.00; Monday most choice wooiea spring iamos m.uu. GRAINS PORTLAND GRAIN PORTLAND HI Coarse grains, 16-day shipment, bulk, coast deliv ery: Gats No. 2, 38 lb white so.oo. Barley No. 2, 45 lb 4s.ao-w.1w. wrn No. 2. E. Y. shipment 64.60. Wheat (bid) to arrivo market, basis No. 1 bulk, delivered coast: Soft White 3.14; Soft white, exclud ing Rex 3.14; White Club 2.14. Hard Red winter: ordinary a.ia. Hard White Baart, Ordinary. 11 net- cent 2.39: 12 per cent 2.40. car receipts: wneai is; Daney 41: flour 6; corn 4; oats 3; mill feed 11. CHICAGO GRAIN CHICAGO HP) A buying flurry III wheat gave a lift to that grain at times on tne Board 01 iraae Tuesday. All other cereals turned downward in active dealings. Wheat was bought In sympathy with substantial gains at Minneap olis, where mills bought wneai iu- tures following sales 01 spring wheat flour to bakers. Gains Chicago never matohed those at Minneapolis. Prior to this rally all wheat fu tures except September made new seasonal lows. All rye futures, plus scattered corn, oats and soy bean contracts, also were at new seasonal bottoms. Wheat closed 1 cent lower to higher, September $1.92 Vr''; corn Vi to 2 cents lower. September $1 24 oats T-l Ta lower, Sep tember 66'v-4, rye 1 to 1 li low er, September 95 soybeans ,-4 1 . lower, September $3.22 tj and lard unchanged to 7 cents a hundred pounds loner, September J10.90. Open High Low Close 1 1 Wheal 1.U3 lj 1.93 1.91 s, 1.93 1 95 J, 1.96 1. 1 94 t 1 1 96 1.97 1.95 1 96 , 1.92 1 92 1.91 a 192 1.10 1.601, 1.18 3, 1.10 Sep Dec Mar May Jiy WOOL MARKET NEW YORK UP) Wool top lutures on the New York Cotton Exchange today opened one to 10 points lower. Opening prices follow: Oct. 159.0 bid: Dec. 159 5 bid: March 159.0 bid; Mav 158 0 bid; Julv 157.3 bid: Oct. 155 5 bid; Dec. 153.1 bid. Wool futures opened unchanged to 5 points lower: Oct. 138.5 bid; Dec. 137.6 bid: March 138.0 bid: May 124.5 bid; Julv 123.5 bid: Oct. 123.4 bid: Dec. 121.0 bid. amKtat plaMtont turrwururlinpi. Clf rnhed btMping mn4 HouwkMftaflt Cabin, with all morftrn tcllt. HOT MINItAL 4 MUD IATHS fm RlWumcHM, Artlirttta. Newrtta, SeTtetMoV M ffXXfe iafi CAIBOM OIOXIOI VAPOB BATHS Asa , far lrta, Ihmi, taia leap axa. His aaa le (baa- Vmpan ' Your Haolm h Our B.Mineu ' to RmnrattoM aa laaaratalaur Aeel PaihAara Mineral Sarm. Rf. 1, Atea4, Oraaaa af paM U p.teMe. Dr. Mer-wa Wetler. P rettar Ch.roonjctic Pnvtttien DAN I. MURPHY Dan B. Murphy Death Learned Dan B. Murphy, resident of Klamath County since 1917 and one of the best known sheepmen here and In Lakeview, died in an Ashland nursing home early tills morning. He was 75 years old, and had been critically HI since Au gust 1. Mr. Murphy was born October 10, 1880 in County Cork, Ireland. He came to the United States In 1906, landing in New York. He traveled by railroad to Reno and then by stagecoach to Lakeview and Klamath Falls to go Into the sheep business with the late Ivan D. Applegate.' The partners ranged sheep In Modoc and Siskiyou coun ties. Later he bought land in the Henley district where he farmed until he retired in 1946. He sold his range holdings and sheep bands In 1941. He was a member of Sacred Heart Catholic Church and a long time member of the Klamath Falls Elks Lodge. Mr. Murphy Is survived by two sons, Ben Murphy and Robert C. Murphy, Klamath Falls, by one daughter, Mrs. Margaret Haley, Portland; a brother, Denis, in Ire land and by six grandchildren. Recitation of the Rosary will be Thursday, August 18 at O'Halr's Memorial chapel. Funeral serv ices will be at 8:30 a.m. Friday. August 19 from Sacred Heart Church. Final rites and interment will be In Mt. Calvary Cemetery. Weather Western Oregon Generally fair through Wednesday except night and morning clouds along coast and early morning cloudiness In valleys of northern Interior. Little chanue in temperature: highs Wed nesday from 75 in tha north to 85 In the south and 60-65 along coast; low Tuesday night 46-56. Coastal winds westerly to northwesterly 10 30 miles an hour except 25 on southern coast afternoons. Eastern Oregon Fair through Wednesday except some afternoon cloudiness with chance of evening thunder showers in mountains of extreme east. Little change in temperature; highs Wednesday 80 90: low Tuesday night 45-65. Grants Pass and Vicinity Fair through Wednesday with high 89, low Tuesday night SO. Northern Oregon Beaches Cloudy late night and forenoon, but partly sunny afternoons through Wednesday. Baker and Vicinity Fall through Wednesday. Low Tuesday night 48. High Wednesday 80. Longer Fir Weather Fire danger Is low to moderate In the coast range of northwestern Oregon. Elsswhere In the state the hazard continues moderate to high. By THE ASSOCIATED PRESS 34 hours to 4:30 a. m. Tuesday Max. Min. Prep. Baker S8 47 Bend 82 39 Boise S3 53 Eugene 81 46 Klamath Falls 85 48 Lakeview 8o 51 - Medford 89 53 Newport B0 49 North Bend 64 4.1 .02 Pendleton 89 51 Portland Airport 76 57 Roseburg 84 48 Salem 81 43 Seattle 71 53 By UNITED PRESS Temperatures and rainfall for 24 hours ending at 4 a.m. High Low Rain Albuquerque 89 66 Atlanta 87 71 Bakersfleld 100 68 Boston 89 73 Brownsville 93 75 Chicago 92 65 Denver 83 59 Detroit 85 66 El Centra 105 86 Fairbanks 55 36 Fresno 98 62 Helena 80 49 .17 Kinsas City 93 62 Los Angeles 65 M Miami 89 75 Minneapolis 86 64 New Orleans 89 75 New York 80 74 Oakland 61 47 Oklahoma City . 90 7o Phoenix 99 so Pittsburgh 87 62 Red Bluff 95 59 Salt Lake City 93 73 T. San Francisco 59 50 Seattle 71 sj Stockton 90 5j Thermal lofl 14 Tucson 98 73 T. Washington 86 74 Yuma 107 85 Friendly Helpfulness T Ivtry Crted and Puna Word's Klamorh Funtral Horn Marquerift M. WartJ and Sans 925 High Phone 3334 HERALD AND NEWS. Moves To Vacate I(F Street Areas Okayed By Council It took a long time, oui city council membei-s toted to vacate two pieces of properly last night in their regular meeting at city hall. The council was in session until 11 o'clock, and much of the time was spent considering the vacating petitions. Favorable action was taken on the proposals to give up title to Earle Street between Hillside and Newcastle avenues, and a section of the Jerry Thomas front yard at 926 Newcastle Avenue. Don Sloan and Ed Bell of the city planning commission told the council that their group had fav ored vacation of the property in question. Sloan said that Earle Street never should have been dedicated to that purpose by the city because it was too steep to pave. Mayor Paul Landry remarked that he hated to give up city prop erty. The action was requested by A. H. Patterson Jr., 2074 Earle Street. Tne council elected to withhold a 10-foot wide strip for a sidewalk later. The Thomas front yard matter had come before the council twice before, but nothing was done until the planning commission had given a recommendation. Thomas learned recently that close to seven feet of his 12-foot yard belonged to the city. This In cluded a cement retaining wall. The planning group suggested that Thomas obtain permission to acquire about 10 feet from the property of Dr. Neal Black on the other side of the street for the city to make up for the vacation. This would make a 23-foot legally usable road. The council concurred. Thomas still must get the ap proval of property owners within 200 feet of his lot before the city can legally vacate his yard. Two ordinances were passed by the council last night. One authorises the police judge to sign a contract with Oregon State College for a three-year $15. 000 algae study of Upper Klamath Lake. The Oregon and California Klam ath River commissions will finance the first year of the study, and the city and Klamath County arc sharing costs for the final two years. The city ha3 budgeted $1,000 for each year, and the county has provided for the rest. The research program has al ready begun and is under the di rection of Dr. Harry K. Phinney, associate professor of botany at Vbu to OLDS MOB I far C001 t . . . lei an ITIONED I mill I AIR-CONDITIONED OLDSMOIILEI KLAMATH FALLS. OREGON umj. a graduate student irom me University of Wyoming will arrive soon to work full-time on the proj ect. The other ordinance approves a new contract with the stale high way department for construction of the South Sixth Street viaduct. The new pact stipulates that a four-lane structure shall be built Instead of a two-lane one and des ignates that certain streets shall be changed to one-way travel. Bob Bonney, city recreation de partment director, brought mosqui toes to the attention of the council. He told of the survey that was con. ducted last week by La Verne Mil ler of the state board of health with the assistance of two U. S. Public Health Service men. "I seriously recommend that you consider having a man appointed to the task of mosquito control," be said. Max Braden, county sanitarian, who accompanied the experts on the survey, reported to the council on what was found. He said thai, a control program should begin in April and continue until a killing freeze . in the fall. The council will not take action until a written report Is received from Miller. In other business the council: Learned that the IOOF encamp ment will be held In Klamath Falls for the fourth straight year on Au gust 27. Some 200 persons are ex pected to participate. Passed on fir.,t and second read ings an ordinance to establish Item 400. an account for receipt and ex penditure of funds in connection with the municipal pool. Learned that an excessive heat bill was Incurred last month be cause the heat was on in the city jail. It had cost $129 in July. This month it was turned off and is only costing an average rate of $30 per month. It had been on in June during the cold nights, but no one remembered to turn it 011. Malin VFW Plans Library Shelf MALIN Members of the Worn en's Auxiliary of the Veterans of Foreign Wars voted last week to start a memorial shelf at the Malin library. Each donation, whether from a membev or not, will be dedicated as the donor wishes, with appro priate ceremonies sponsored by the auxiliary. Next meetinu of the group will be Tuesday. September 13, in the VFW Hall. don't have at w, H- --J0""- Zle''' Z" ' mtrti 't'' Tr "..-- Suer"i"HlldavS.den-herdt.awilh4e'..ril step U Let's forget the low price fur a nyntite. Let's forget our generous appraisal pulirr. Just think of the pure pleasure of driving an Oldsmohile! In action there's nothing to surpass the "Rocket"! You feel the extra safety of its ready reserve of power! And for distinction, the "Go-Ahcail" look is in a class by itself. That's why this is the fastest-selling OltUmohilc of all time . . . that's why Olds is outpiining all others in popularity! And you can own an Oldsmobile for less than many models in the io-ca1lrd "lowest-price field." Come in . . we'll show you in black and white that there's a "Rocket" for every pocket . . . that von don't have to "dig down" to step up to an Old! VISIT 7th & Klamath ON TV TWICE A Victim Tells Accident Story Recovering enough to be able to explain how he was wouniifd by a rifle bullet. Alva P. Billings, 36, rancn woraer, rcveaicu w: b-u accidentally discharged as he was cleaning It. Billings, who was rushed to vlimxh Vallou UrvinflLal With a bullet lodged In his back Satur day night, made mat statement w his physician. Dr. ueorne a. uicr, this morning. Until today, because of the pa tient's condition, city police or Dr. a.41... ur unahl in learn the cause of the shooting. Billings was found wounded In his bedroom by his wife. Loree av eiumgs, woo rushed In from the living room after hearing the shot. n.h. BnrarMl hie rhst and tAaA in Hl h.i-lr nr. Adler re- ,uubu ... moved the bullet this morning, and reported the patient is in a greau 1., imnt-ntiAri" ,-nnrilifnn Dr. Adler related Billings said the trigger may nave goi caugm on a part of the bed causing the OO-nallHa.. t-lfU In OH nff. Hfi WSS making preparation for a hunting trip, mo doctor SH1U. Tf Dflllncr i-nntinilAS tft imnmVft he should be out of the hospital in a weex, ine aocujr repuricu. The accidental shooting occurred In the Billings' home at 114 Lincoln Street. Forgery Charge Filed By D.A. District Attorney Richard Bees ley said Tuesday that he filed a forgery charge against Margaret Rogers Cobme, -tl-year-old house wife, who is held In the city Jail. Beesley said the woman was arrested by city police and an operative of the William J. Burns Detective Agency. She is alleged to have cashed seven spurious checks drawn on the Rogers Roof ing and Siding Co. According to the district attor ney, several of the checks were so expertly executed that they were accepted as genuine by the First National Bank. After the forgeries were discovered, the bank called in the private detective agency. Beesley said the charge he filed was based on a forged check for $100 cashed at Diok Reeder's Store for Men. PURCHASE SYDNEY. Australia (ffl Sears, Roebuck and Co. of Chicago has aereed to buy a substantial in terest in Walton's Ltd., an Austral ian retailing chain the Walton firm announced Tuesday. o dig - to a "Rocket"! THE "ROCKET ROOM"... AT YOUR OLDSMOBILE DEALER'S! DICK B. MILLER CO. WEEKI OLDSMOSILE PRESENTS "THAT SINGING RAGE," MISS PATTI PAOII Tufe Growers On National ttji.elake Tulelake potato growers who met last night for a report of tne August 11-14 mcciun In Chicago of the National Potato Council, registered complete agree ment with the findings of the coun cil in regard to alleviating ine present critical marketing situa tion in tne u.s. Retorts of that meeting were given by Sam Anderson. Tulelake, representing the Tulelake Growers Association ana Lrfrois ijyon. lln, members of the National po tato Council. Also present were Merrill Webb, Redmond, manager of the Oregon- California Marketing Agreement Committee, one of three Oregon- fan nresent for the emergency meet, Leonard Kinney, Klamath Falls, state-federal Inspector, Fred B. Mueller, Klamath rails ana ai mer -Lemler, Merrill. The Tulelake meeting, held in the Soortsmaa's Hotel was well attended. The National Potato Council con ference was called to seek a solu tion to "the worst market situa tion In the history of the potato ln-dustrv.'- accordine to Webb, who with Ben Davidson. Oregon Potato commissioner and Roy S n a b e 1. Redmond, member of the national council, represented Oregon. Durlne the sessions a resolution was adopted to eliminate all culls and "B grades from tne marxei and to use Section 32 funds to di vert 20 per cent of all production grading U.S. No. 2's or better from the market. , It was further stipulated that these 2's or better be used only for starch flour and livestock feed. Revised forecasts from the U.S. Department of Agriculture, re leased August 12, now estimate the national surplus to be between 65 and 70 million bushels of po tatoes. Including the intermediate crop which has not yet been sold. "The market is so slow," the delegates stated, that only about one sixth of the intermediate crop now being harvested has been sold. Prices to the grower are lower than they have been since 1913. Long whites were quoted at $1.C0 Hammond Organ Chord Organ Largest stock trad ing make pianos In this Bart of the west. Bent a Spinet Dlano. Rental pur chase plan. LOUIS R. MANN PIANO CO. 120 No. 7th LOCAL DELIVERED PRICE Oldsmobile "88" 2-Door Sedan t lew as ,w Hydramatlc Your price depends upon the body style, optional equipment may vary slightly in adjoining TUESDAY. AUGUST 16. 195s Hear Report Spud Meeting the middle of last week and are now down to about $1. Reds r. bringing 40 cents to the grower. as oub measure w cut down on this year's tonnage, Anderson sta;. co, ouiue growers wno put large spuds on eastern markets were advised to spray for vine kill now instead of later. Maine growers in. uiubic umus 10 margei on a two Inch minimum and a four Inch maximum basis. That state's grow, ers will pull any oversize or under, size off the market to conform with the national emergency program Tulelake growers supported the diverting of Section 32 funds for the federal purchase of potatoes and will seek the aid of u S Congressman Clair Engle, D) of California In itse of tha fund for that purpose. Similar support by U.S. Congressman Sam Coon, (R of Oregon will be sought by Oregon ' growers. A national committee of grow, ers will meet soon with Secretary of Agriculture Ezra Benson to work out a long range program for the potato industry. Board Rejects Doe Hunt Season YREKA There will be no special female deer hunting season in Siskiyou County this year, the Siskiyou County Board of .Super visors has decided alter polling sportsmen's organizations In the county. Farmers and ranchers In the county had requested the hunt, say. ing that the deer were damaging crops. Supervisors indicated that the farmers with deer problems should ask the State Department of Fish and Game to have a state hunter clear the deer on their property. They indicated they would recom. mend this course to the depart ment. ASK US ABOUT Masonry Paint GOELLERS 522 Main Phone 6704 Stole and local tsxei axtra. choice of model ond and accessories. Prices communities. LE Phone 4103