Herald and news. (Klamath Falls, Or.) 1942-current, January 09, 1956, Image 4

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Herald and news., January 09, 1956, Page 4, Image 4

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Newspaper Page TextPAGE FOUR MARKETS AND FINANCE STOCKS WALL STREET NEW YORK (ffi The slock market declined Monday, in some instances rather markedly, with the steels, motors and aiicralts In the weakest positions. Losses of 1 to around 4 points were found in most major divi sions. Gains were scattered and mostly fractional. Lowered prices weren't able to ship up trading activity. Business came to an estimated 2,500,000 shares. That compares with 2,750, 000 shares traded Friday when the market advanced moderately, NEW YORK STOCKS By T1IK. ASSOCIATED I'llESS Admiral Corporation 21 Allied Chemical 110 Allis Chalmers 67 Aluminum Co. America 86 American Airlines 23 8 American Motors 8 American Tel. & Tel 180 y, American Tobacco 80 Anaconda Copper 70 Atchison Railroad 142 Bethlehem Steel 150 V, Boeing Airplane Co. 74 Borjr Warner 40 Vi Burroughs Add inn Mach. 28 California Packing 44 t Canadian Pacific 33 Caterpillar Tractor 59 Celane.se Corporation 19 Chrysler Corporation 82 Cities Service 67 Consolidated Edison 47 ' Crown Zellerbach 67 ! Curtiss Wrlnht 28 ! Douglas Aircraft 85 du Pont de Nemours 228 3, Eastman Kodak 80 ' Emerson Radio 12 y4 General Electric 68 General Foods 93 Vi General Motors 44 Georgia Pac Plywood 39 Vt Goodyear Tire 84 , Homestake Mining Co. 35 8 International Harvester 38 'i International Paper 112 !2 Johns Manville 85 V Kaiser Aluminum 38 yK Kennccott Copper 119 Llbby, McNeill 17 Lockheed Aircraft 40 Lowe's Incorporated 19 Long Bell A 37 Montgomery Ward 92 B New York Central 44 Northern Pacific 72 ',, Pacific American Fish Pacific Gas & Electric 49 , Pacific Tel. li Tel. 147 y, Penncyf J.C. Co.) 100 i Pennsylvania R R. 25 ' Pepsi Cola Co. 21 , Phllco Radio 33 14 Puget Sound P ti L 23 Radio Corporation 45 K Rayonler Incorp. 40 14 Rayonier Incorp. Pfd Republic Steel 47 Reynolds Metals 49 12 Richfield Oil 75 K Safeway Stores Inc. 55 GRAINS CHICAGO CHAIN CHICAGO ifl drains ruled Ir regular on the Board of Trade Monday following President Ei:'n hower's farm message to Congress. Price changes were not . very large. Wheal was woakest, losing around a cent at times. Soybeans wero strongest, particularly the distant futures. They gained sev eral cenls. Holders of wheat apparently were disturbed by the proposal to set a dollar limit on price support loans. I', was felt big producers would thus have surplus wheat they could not put under loan and wouid have to spll on the free market. Wheat closed '4- lower, March 3.10: corn "i, lower to J8 higher, March 1.30-1 30l: oats a, lower to ' higher, March 66;i-:4; rye un changed to 34 lowor. March 1.2;i'4 ; soybeans I'i to 4 cents higher, January 2,42-2 Al"t and lard 2 cents lower to 10 cenls a hundred pounds higher, January 10.90. WHEAT Open Hie ll Low Close Mar May Jly Sep 2 11 2 12 2 09 y, 2 10 2.08 , 2.08 2.08 , 2 07 ' - 1.99 1.90 1 97 S 1 98 i 2.01 3, 2 01 14 1 09 2 00 V4 PORTLAND GRAIN PORTLAND Ifl Coarse grains. 15 - day shipment, bulk, coast delivery: Outs. No 3. 38 lb white 53 00 Barley, No 3. 45-lb B-W 46 50 Corn. No 2. E-Y shipment .... 63.25 Wheat ibid), to arrive market, basis No 1 bulk, delivered coast Soil White j )9 Soft White (excluding Rex) . " 2 19 White Club 3 19 Monday's cur receipts: Wheat 185: bailey 15; coin 23; oats 3 mill feed 13. Potato Shipments SEASONS 54-5S 55-56 liallyJITuck Ore. 9 17 Dally Rail Ore" 9 2 Dally Truck Calif. 2 7 llaltyjtail Calif. 5 it Dally Total " ORE. CALIF. 25 43 Monthly Tol.il H7 j- Season's Total J827 31mi Infant Slowey Death Learned David P;ul Slonev. in am son ni Mr- and Mrs. Tali 11 k c. Slowrv 301 High Street, died line Sunday. Surviving, besides his pments. are the grandparent. Mr. and Mis Francis Slower. Mis. Chmlcs Muich and Frank Swill, all ol this cily. Graveside services will be held In Mt. Calvary Cemetery on Tues day, January 10, 2 p m. with the Rt. Rev, Monsignor T. P. Casey officiating. Ward's Klamath Funeral Home is in charge of arrangements. How To Hold FALSE TEETH More Firmly in Place Do your fIe trcih annoy and em barrass by tlljppiufl, dropping or wob bling when you pM, JniiKh or talk? Juki Bprlnklp a little FAttTKKTH on your pin tea. Thin alkaline inon-acai) powder hold false teeth more firmly and more comfortably. No gummy. Hooey, pastv teste or fri-hnu Doc nol our. Check "nlnte odor" identure breath!. Oet PAbTELTH today at ay drug counter. LIVESTOCK CHICAGO LIVESTOCK CHICAGO tl Butchers and sows were 25 cents lower quota tions early Monday but the market later turned active and steady prices prevailed at the finish. Most 180 to 220 pound butchers sold at (11.00 to (11.75. most 230 to 260 pounders went at $10 50 to til 25 and 270 to 330 pounders at S9.76 to (10 50. Prime steers topped at $24.00 Most choice and prime went at $19.50 to $23.50. Prime heifers top ped at (22.25. Good to choice wooled lambs brought (17 00 to (18 50. Salable receipts were 21.000 hogs, 25,000 cattle, 400 calves and 4,000 sheep. PORTLAND LIVESTOCK PORTLAND Itf--(USDA) Cattle salable 2,850; market uneven, gen erally slow except beef cows and choice steers moderately active; choice fed steers and hellers mostly steady; good grades weak 60 lower; beef cows steady; can ners and cutters wcak-50 lower with some late sales 1,00 lower than early last week; bulls mostly 1.00 or more higher; truck lots high choice 1,057- lb fed steers 20 50: load choice 1.075 lb 20.00 with accompanying load 1,160 lb 19 25; truck lots choice 1,051 lb 19.75: good fed steers mostly 17.00-18.00 with few loads unsold: utility - com mercial steers mostly 11.00 - 15.00; load choice 82 lb fed heifers 17.00, slightly sorted at 15 00: few loads good-choice heifers 16.00-50; other good heifers mostly 15.00-75: light utility heifers down to 10.00 or below; canner and cutler cowe mostly 7.00-8.60, few to 9. JO: rhells downward to 6.00 or below; utility cows mostly 9.50-12.00; few com mercial grades 12.50-13.00; utility- commercial bulls mostly 14.00 15.00; Individual heavy bulls to 16.60; light cutters downward to 11.50. Calves salable 150; market ac tive, about steady; good - choice vealers 21.00 - 26.00; good - choice slaughter calves 16.00-18.00; cull utlllly calves and vealers mostly 7.00-14.00. Hogs salable 2.000; market ac tive, around 25 higher than last Tuesday; assorted lots U.8. No. 1-2 butfhers 180-235 lbs 13.50-75; few No. 3 grades 12.75 but bulk of supply unsold and few bids 12.25- 50; few 336-535 lb sows 9.50-11.00. Sheep salable 1.200; market active, fully steady with last Tues day or 25 higher than close of the week: several large lots choice slaughter lambs 18.75. Including one 310 head band 18.75, assorted 75 head at 18.00; good-choice feed ers 16.00-16.00 with small lots choice fleshy feeders to 16.50; good-choice ewes 6.00-6.00. POTATOES CHICAGO l'OTATOI'.S CHICAGO (fl Potatoes: Arri vals 225: on track 274; total U.S. shipments Friday 855, Saturday 699 and Sunday 18; market firm "to slightly stronger. Cnrlot track sales: Idaho Russets $4.10-4.35, Utilities $2 80-2,75: Minnesota North Dakota Pontiacs $2.90-3.00 washed and waxed- The United States National Bank OF PORTLAND RESOURCES Cash on Hand and Due from Banks $ 149,802,394.07 United States Government Bonds 300,342,048.86 Municipal and Other Bonds 74,128,957.36 Loans and Discounts Net 309,103,253.93 Stock in Federal Reserve Bank , 1,080,000.00 Bank Premises (Including Branches) 8,891,928.35 Customers' Liability on Acceptances 93,654.00 Interest Earned 2,870,013.78 Other Retourcei 1,399,241.00 $ 847j7Tl,49l.35 LIABILITIES Capital $ 18,000,000.00 Surplus 18,000,000.00 Undivided Profits 20,790,555.57 56,790,555.57 Reserves for Interest, Taxes, etc 4,238,685.49 Acceptances 126,439.50 Dividends Declared 585,000.00 Deposit 781,492,594.39 Interest Collected Nol Earned 4,396,591.80 Other liabilities 81 ,624.60 i 847,711,491.35 4k. 4 OREGON'S OWN Missing Man Turns Up Safe LAKEVIEW Andrew Duncan, 70, a blickmason. who was re ported missing by his family on January 5, is safe In Los Angeles, according to Neil Friday, night marshal and husband of the man's granddaughter. Duncan is said to have left his home on December 19 to work on a new house being built by Dr. R. N. Cuiothers in Lakeview, He did not arrive at his place of em ployment, according to Prank An drea, police cruel, and has not been seen since that morning. Friday staled that his wife's grandfather telephoned the family from Lor Anccles Sunday nftrht. stating that he is all right and In good health. No explanation was made for his pickup truck being found at Redding. W. C. Bollinger Rites Wednesday Funeral services for William Collins Bollinger, 57. who died Jan uary 7 at Hillside Hospital, will be held from the chapel ol Ward's Klamath Funeial Home, Wednes day, January 11 at 3 p.m. The Rev. V. L. Proett, pastor of Peace Memorial Presbyterian Church will officiate. Final rites and com mitment will be in Peace Memor ial Park. Mr. Bollinger had been a resi dent of Klamath Falls for nine years and had been employed by the Pacific Fruit and Produce Company here and in Lakeview and by Jerry Whitlatch, produce dealer. Klamath Falls. Surviving are his widow, Mrs. T,oree J3ollinger, a daughter. Bar bara Jean, both of this city; two sons, Wayne, U.S. Air Force, and Richard of New York City; also a sister, Mrs. Carpenter of Pasa dena, California. Yreka Police Arrest Youths YREKA Two Juveniles, ages 14 and 15, were arrested soon after arrival in Yreka Thursday morning. An alleged stolen car was abandoned by the boys south of town when its gas tank became empty. Information received by the po lice teletype from San Francisco is to the effect that the 15-year-old and the younger boy, who alleged ly violated parole, stole a station wagon in San Francisco. They drove to the vicinity of Vallejo, I where they left the car, and ac cording to their stories hitchhiked j to Sncramento. In Sacramento they allegedly stole the car which was abandoned south of Yreka. The motorist who picked them up on the highway and brought them here became suspicious and tipped off the police, who found the boys on the highway trying to yet a. ride out of town. BIG BAG FUKUOKA, Japan lP) Three Jiipaiie.se whaling fleets radioed Monday they bagged 131 fin whales Saturday, opening day of interna tional antarctic whaling activities. hiab omc. rOIIlANO, OltOON KLAMATH FALLS BRANCH KLAMATH FAILS, OREGON STATE-WIDE BANK HERALD AND NEWS, KLAMATH FALLS, OREGON Chemult Civic Club Now Has New Name, Program CHEMULT The members of the Chemult Civic Club voted Wednes day to change the name of their organization to the Chemult Com munity Club. Mrs. Richard Clauson, president, pointed out that the name change does not change Uie club: it is still a woman's club. Eligibility for membership Includes residence In Chemult and willing ness to work in civic affairs. Rainbow Meet In Malin Held MALIN Malin Assembly No 49 Rainbow for Girls, held )u first meeting in 1954 on January 2 with all members present. Worthy Ad viser Lynette Lyon welcomed Worthy Matron Laura Zlabeck of Prosperity Chapter, Worshipful Master Harvey Clugston of Malin lodge No. 194 AF&AM ana Lu- cile Weber, past worthy adviser of this assembly. Other visitors were Mr. and Mrs. John Freitagand, Mrs. Har vey Clugston and Connie Kluger mother advl-ser for the girls. Mrs. Krugcr asked that 14 girls help serve at the Ma-sonic guinea feed on Saturday, January 14. from 6 to 7:30 p.m. New officers to be installed at public ceremonies on January 28. at 8 p.m. In the Masonic Hall will be Carolyn Fargo, worthy advis er; Diane Mlcka. assistant; Janice Sarutzki, Charity; Arlene Zeider. Hope; Shirley Mock, Faith: Lou Ann Kandia, treasurer; Marcia Kcnyon, recorder. Woman Asks Hearing Here Mary Louise Cutshaw. 25-year-old practical nurse, demanded a preliminary hearing Monday morning when she was arraigned before District Judge D. E. Van Vactor on a bogus check charge. The hearing was set for 10 a.m. Tuesday. Mrs. Cutshaw was remanded to the county Jail In lieu of $2,000 cash ball. She is alleged to have cashed a $10 spurious check at the Payless Drug Store. She was ar rested in Medford and returned to Klamath Falls Sunday by Deputy SUriif Dale Mattoon. Records at the county jail show Mrs. Cutshaw was placed on one year probation In September. 1954 after she pleaded guilty in Circuit Judge David R. Vandenberg's court to a check charge. Prior to that, she was nrrested on a check charge in Sacramento, California. District Attorney Richard Bees ley revealed that he planned to present Mrs. Cutahaw's case to the county grand Jury Monday af ternoon.' If the Jury Indicts her. It will eliminate the necessity of a preliminary hearing In district court. . mm. The club's Christmas program was nem at tne scnool House dur ing Christmas week with Mrs. Rob ert Barlow In charge of the pro gram, one was assisted by Mrs. Clauson and Mrs. Ray Darnell. Children of the Chemult Sunday scnool, directed oy Mrs. Barlow. presented a Christmas pageant and Santa Clans brought toys and bags of candy and popcorn balls for each child. Mrs. Glenn Wood and Mrs. Cor win Galbreath were hostesses for the January 4 meeting. During the business session, the following slate of officers was nominated for 1956: Mrs, Richard Clauson, president; Mrs. Corwin Galbreath. vice presi dent; Mrs. William Mott, secre tary; Mrs. Ray Darnell, treasurer. The birthday box was opened and the money turned over to Mrs. Dar nell to be spent on the Valentine party to be held at her home on February 14. Secret pals will be disclosed. The club will observe Its fifth anniversary in February The next regular meeting and election of officers will be Wednesday, February 1. held CC To Hear Report Forum The annual report forum of the Klamath County Chamber of Com merce will be held Wednesday in the Camas Room of the Winema Hotel at noon, announced R. Fiank Tucker, chamber manager, today. The purpose of the meeting, which will be conducted by Tuck er, will be to review the achieve ments and activities of the cham ber for the past year. The activi ties planned for the coming year also will be reviewed. The chamber reports that its statistical data from private and public sources point to 1955 as an outstanding year In Klamath Basin history. Tucker said. "Though past accomplishments of the Busin have been great what's in store for 1956 depends on cooperative action of every per son and organization in the Klam ath area. There is no better way to get a firm footing and set our course than by attenduig t h e chamber of commerce annual re port forum." Tucker stated. beating is limited and reserva tions may be made by calling the chamber, 5193. I SAVE ON A Terrific Buy AT ONLY 14995 New 21-inch 4-Burner Electric Outlet Storage Compartment Your Old Range Trade-Ins Welcomed Tele-pliance Center llth and Walnut Phone 7709 Radio TV Appliance Repair Service All Makes LOSE UGLY FAT TODAY Amazing New Safe Discovery Makes Reducing Easy WITH HUNGER TABLETS Newest of formula! racantty brought to light bjr medical cienco k HUNGER TABLETS preparation to take iat off hipa and waiotlina and wiR not affect th heart. For many who haTe tried "redaektg treatments" and who hare loet faith in them because of exaggerated claims and ineffectual results. HUNGER TABLETS bring new hope. Simply take 2 tablets before each meal and tee if your clothes don't fit and look more attractive, especially around fat apott such as hips, waist, abdomen, etc No strict diet m required. Insist 01 HUNGER TABLETS at your druggist. A 1 6 day supply for less than 1 9e per day. Guaranteed. LEE HENDRICKS Your Neiqhborhood Druggist 2212 So. 6lh Phone 4321 55 The One FOR AN EVENING OF Pleasing Entertainment Make It A Point To Hear And Enjoy NADINE At The Piano "VIBES" and TRUMPET & California Weather By UNITED PRESS San Francisco Bay Region: Mostly cloudy today with a few sprinkles, occasional rain tonight, partly cloudy Tuesday with chance of a few showers; little change in temperature; high today San Fran cisco, Oakland, San Mateo and San Rafael 53-58; low tonight 46 52: southerly wind 8-16 mph ex cept 12-25 mph tonight. Northern California: Mostly cloudy today and tonight, occasion al rain extreme north spreading to Salinas and Stockton tonight; snow m higher mountains; partly cloudy Tuesday with few showers extreme north; little change in temperature; southerly wind 25-40 mph Point Reyes north today and tonight; variable wind 10-20 mph elsewhere today becoming south erly 12-25 mph tonight: southwest erly wind 10-20 mph Tuesday. Sierra Nevada: Mostly cloudy with occasional rain northern ranges today spreading to Sequoia National Park tonight and becom ing showers over same area Tues day; snow at higher levels; little change in temperature. Sacramento Valley: Mostly cloudy with occasional rain north portion this afternoon spreading over valley tonight; partly cloudy Tuesday with few showers; little change in temperature; high both days 50-65: low tonight 40-48; gen tle wind becoming southerly 12-25 moh tonight. Northwestern California: Mostly cloudy with occasional rain north portion today spreading over area late today and continuing tonight; few showers north portion Tues day: little change in temperature; high today and low tonicht Napa 54-40. Santa Rosa 54-45. Ukiah 53 47; southerly wind 25-40 mph Point Reyes north today and tonight and 'i-2r moh eiewhr-e: soii'hwester ly wind 10-20 mph Tuesday. Oregon Weather Eastern Oregon Increasing cloudiness with a few light showers or snow flurries Mondav night: partly cloudy Tuesday with snow flurries in mountains. Low Monday night 24-34; high Tuesday 34-44. Western Oregon Mostly cloudy, becoming showery with brief periods of partial clearing Monday night; partly cloudy Tuesday with a few scattered showers. Highs 42-52; low Monday night 32-40. Coastal winds Tuesday southerly to southwesterly, 15-25 m.p.h. Grants Pass and vicinity Show ery with periods o f clearing through Tuesday. Highs 45-50; low Monday night 33-38. Baker and vicinity Occasional snow flurries through Tuesday. Low Monday night 25-30. Perfection And Only N ml , t MO. L204 Drop Into The Basins Favorite Night Spot Forger Gets Ten Years An ex-convlct who pleaded guilty to cashing a forged check and was sentenced to 10 years in Oregon 8tate Prison, told Circuit Judge David R. Vandenberg Monday that "a woman was the cause of It all." A plea for leniency for the de fendant, Delbert Raymond Mar tin, 43-year-old logger, was made by Defense Attorney Robert Kerr. Kerr told the court that Martin left Happy Camp, California, where he had been working in the woods, with a well-filled purse. According to the lawyer, Mar tin was "rolled" by n unldenti fied woman in Medford. He then came to Klamath Falls where the forged check was cashed. Martin is on parole Irom Indiana State Prison where he served a term for forgery. George Leftew, 33-year-old mer chant seaman, was sentenced to two years in the state prison by Judge Vandenberg Monday mora- uig after he pleaded guilty to casn ing a forged check. He was ar rested in Redding, California. The bogus check was passed at the Empire Hotel here. The defendant was returned to Klamath Falls alt er waiving extradition. Hubcap Thefts In Klamath Tofd Two used car dealers reported that hubcaps and other accessories had been taken over the weekend, from autos parked on their lots, Klamath Falls police reported to aay. Jim Olson Motors said that two hubcaps were taken from each of two autos and four hubcaps from a third car on their lot sometime Saturday night. The other theft was from the Jim Winde lot, where four hub caps, two wheels with tires and tubes and one auto radio were all taken from a single vehicle some time Friday night. WHY DRIVE? Save time and strain... yet spend no more via United Air Linos! PORTLAND 2Vihn. SAN FRANCISCO 3 hrs. Airport Ttrminal. In KUmath Folli coll 2-2957, 2-2551 or an authrlid travtl agtnt. Announcing . . . CHANGE OF OWNERSHIP OF Valley Fire Equipment Co. I with to announce that I have purchased Valley Fire Equipment Company from City Ice and Supply and am now ready to give you complete service on all types of fire fighting equipment. I will attempt to carry on the business with the same high prin ciples and quality service that you have had in the past. If your fire extinguishers have not been ser viced recently, call now and have them checked. PAUL OTTERBEIN Valley Fire Equipment Co. 665 Spring AD I N E Opening Monday IN THE Ponderosa Room AT THE Willard Hotel aW. MONDAY. JANUARY 9, 1956 Weather Table By UNITED PRESS Temperatures and rainfall for 5j hours ending at 4:30 a.m. High Low Raia Albuquerque 67 31 Atlanta 42 23 Bakersfleld 62 42 Boston 44 42 1.33 Brownsville 71 63 Chicago 30 18 Denver 69 23 Detroit 25 lb T. El Centro 75 48 Fairbanks -2 -37 T. Fresno 56 43 Helena 41 20 Kansas City 34 23 Los Angeles 68 48 Miami 60 42 Minneapolis 24 16 New Orleans 56 38 New York 27 21 ,04 Oakland 53 44 Oklahoma Cily 46 25 Phoenix 70 46 Red Bluff 53 39 ' Salt Lake City 57 21 San Francisco 54 48 Seattle 44 38 .09 Tucson 79 48 Washington 32 24 T. Yuma 79 45 By THE ASSOCIATED I'RKSS 24 hours to 4:30 a.m. Mumlay Max- Min. Prep. Baker 39 20 Bend 37 16 Boise 46 31 Eugene 48 37 Lakeview 43 21; Medford 46 30 North Bend 50 41 .55 Pendleton 47 21 T Portland (Airport) 46 40 T Salem 50 37 T Spokane 34 26 Merrill Lions Install Members MERRILL Two new members. Irvin Miller and Mac McCoy, were welcomed Into the Merrill Lions Club at the January 3 meet ing in the recreation hall. Harold Hendrickson. past president, was installing officer. Sponsors were Alonzo Hodges and Bob Walker. A swiss steak dinner was served by members of the Merrill BPW club. Phone 4706 Is Back! 'jr.. Soon!