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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Jan. 18, 1956)
WEDNESDAY, JANUARY 18, 1956 HERALD AND NEWS. KLAMATH FALLS. OREGON PAGE SEVEN Heavy Snow Covers East By THE ASSOCIATED PRESS Cold and wet weather appeared the outlook today for most ot the country. The season's heaviest snowstorm hit southern New England yesier day with falls ranging up to more than 13 inches in some areas. Eight deaths were attributed to the storm, which abated during the night over most of the eastern section of the country. Today's wettest weather extend ed in a belt 3CO-350 miles wide from Texas northward into Minne sota. Snow fell southward into Texas, with falls up to 2 inches at Wichita Falls. More rain hit the flood-stricken areas on the Pacific Coast from Northern Calitornia northward. Skies were generally partly cloudy In other sections of the country. The snowfalls in the East were heaviest in southern New England and sections of Maryland and West Virginia. Snow was to a depth of 12.7 inches at Milton, Mass. Other amounts Included 10 inches at Providence, R. I., and Falmouth, Mass., and 6 inches at Boston. In the Thomas-Davis district of Vvest Virginia, snow depths were up to IS inches, while they ranged from 1 to 5 inches in parts of Maryland. Cold air edged into the northern part of Florida this mqjning, dropping1 temperatures to freezing at cross City and Jacksonville. Firm Continues Winter Logging SPRAGUE RIVER J. W. Fish er Logging Company is continuing some lodging operations at Sprague River durin? the winter months. During December, as many as 22 loads of logs daily were hauled by truck from here to Anderson, California, and an average of 15 trucks a day made the trip. Gyppo integers Irom Southern Oregon, Eureka, California, and from .Ne 1 da were employed by Fisher.- Tentatlve plans are for four com pany trucks to make the daily haul. At present 14 railroad cars of logs are being shipped every day from the reload landing here. Fulltime logging operations will resume when the weather breaks this spring. mXtitSrJ THE f WHEATS f- P f I HAPPEN TO KNOW THIS I I 3 I ISAVESff SflCIAL PAY ) , rs S N i KKL YOU, MOCTY J f HAPTY J.wVTBri..: .. CAUAixi Ford Stock Buying Starts NEW YORK Wl The new Ford Motor stock commanded a premi um of around S5 a share today, even before full-dress trading had begun. ' Limited buying and selling of the stock started late yesterday im mediately after clearance by the Securities and Exchange Commis sion of the huge 10.200,000-share offering at a price of $64.50 a share. Today, the date for the for mal offering. Wall Street looks for a big turnover. In the over-the-counter market here, the shares moved quickly to $70.37'i bid. $70.50 askad. That con firmed Wall Street expectations that the stock would rise because demand so far outstrips supply. Clearance by the SEC meant that the Ford company had com plied with legal requirements by making a full disclosure concern ing the stock and the firm's finan cial position. That was the last step necessary before trading could begin. Most investors know by now how much of the stock they'll get If Park Receives Logging Relics A number of pieces of" logging equipment from the portable town of Snevlln. which disappeared ironi the American postal map at the cud of 1(1j5. has been donated to the Collier State Park logging mu seum, located on Highway 97. north of Klamath Falls. The equipment according to Al fred D. Collier consists of three, 36 foot loircum cni'3 to go under tho McGifiert Under already at the museiyn. a bunk-house car and a cook house civ. Also donated were five oak felloes usqd in re pairing "high wheels" in the early davs of the' logging Industry. C. H. Armstromt, state superin tendent of parks, said the logging equipment, donated bv the Brooks- Scanlon. Inc.. Bend, has a value of around ."i00. The additions to the museum will complete a typical logging camp layout of earlv day operations in Khimath County. A. D. Collier and A. M. Collier gave several hundred acres of land for a stale park in December 1944. any. Thousands have been allotted no more than 10 or 20 shares and many will get less than 10. Blylh & Co., principal underwriter, esti mated that Ford will have between 230,000 and 500,000 stockholders when the offering is completed. 1 The shares will trade in the over-the-counter market until around March 1, when they will move to the New York Stock Exchange. Ford also plans to list them on several regional exchanges and may eventually apply for listing on Canadian and European ex changes. The sale will bring in $657,900. 000. Underwriters and investment dealers will claim $15,300,000 $1.50 a share in discounts and commissions, leaving $642,600,000 for the Ford Foundation, which is selling the stock. MARSHAL ARRIVES VIENNA lifl Prague radio re ported yesterday the arrival of Marshal Chu Teh, vice president of Red China. He came from Hun gary after a visit to East Berlin. Meany Urges More School Aid Money WASHINGTON Wt-AFL CIO President George Meany today re 1 e c t e d President Elsenhower's school aid plan. He proposed that Congress vote four times the amount the administration has asked, Meany called on Congress to provide at least a billion dollars a year for the next five years. Eisenhower wants 250 million dol lars a year for five years, with the money to be used to help states and local school districts build needed facilities. The chief of the newly combined APt-CIO outlined organized labor's legislative alms in an article In the American Federatlonist, his organization's monthly , magazine. Mennv said education aid should be "the first order of business" In thl-! session of Congress. He said Eisenhower's plan Is in adnnuate. "The administration's program, while making a significant conces- Lions Auxiliary Hold Dinner WEED Sixty-one persons at tended the Lions Club's Ladies Night dinner meeting at the Savoy Hotel on January 11. Lions Zone Chairman William Paul of Dunsmuir was Introduced by Les Kyle. Weed club president. "Mr: Roberts." a two-act drama, was presented by the Weed High School Drama Club, under the di rection of David Tolle. Cast includ ed Wade Blankenship. Joe Acquis tnpace. -Joe Talleiico and Caiiee Boutrager. David Kersey was prop manager. Arrangements were made by Axel Granstrom, Lions program chairman. Mr. and Mrs. Paul were special guests. Other guests introduced were Richard Gould and Mr. and Mrs. Pete King. Gould and King are new members of the Weed Lions Club. DELEGATES CONVENE GENEVA Mt India' roving am bassador Krishna Menon. met voste-day with Wang Ping - Nan. Red China's ambassador to Poland and chief delegate In the 24-week.i- old negotiations here with the United States. After the meetina Menon said he discussed with Wane the stalemated talks here between the Reds and U. S. Am bassador U. Alexis Johnson. slon to the need for federal aid, adds up to another manifestation ot the 'too little, too late' policy," Meany said. "Labor believes that stinting the schools is the height of false economy. In order to build the necessary schools and provide higher pay standards for teachers so as to attract more qualified people to this profession, the fed eral government should commit It self to an Investment of at least a billion dollars .a year for the next five years." Meany said that "since the states j and communities cannot cope with this immense problem on their i own, the federal government mustt assume Its fair share of the : burden." . ! In the foreign policy Held. Meany called on Democrats and Republi cans to quit bickering and to get together on "a truly effective" program. "There will be a strong disposi tion, for political reasons, to criti cize administration failures in the cold war." he said. "The admin istration has let Itself In for such criticism ... "Yet criticism will get us no where. The real need Is for bl- partisan agreement on a sound and j firm policy which can be consis-1 tently applied In the future In order i to preserve peace and safeguard 1 the, free world.", 1 The AFL - CIO president said i labor Is willing to forego a tax i cut If It would "endanger national security." But he said If taxis are to be reduced it should be done to help low-income families. Meany called for aid to farmers, Taft-Hartley Act revision and a number of Improvements In social security, housing, and other, fields. minimum waga JOHNSENV TAILOR SHOP B-iil Klam.lh Avenua OPEN FOR BUSINESS , M.d. U Mumrt mila . All.ritl.M 1956 BUICK Top Trades EASIEST OF TERMS Jim Winde Brick Co. 1330 Main DON'T show me bifocals I V f 1 r --; - . 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