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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 21, 1956)
PAGE FOUR MARKETS AND FINANCE STOCKS WALL STRKET NEW YORK The slock mark rt backed down under profit-uk lug Wednesday with trading at a lively clip. Although the general trend o the market was lower, a number of individual issues made good ad vances under the influence ol cor porate developments. Losses went Irom 1 to around 3 points rather frequently. Gains us ually were little greater than a point at the outside. Trading came to an estimated three million shares. That com pares with 2.960.000 shares traded in Tuesday's market when prices on average hit another record high mark. NEW YORK STOC By THE ASSOC MTU) Admiral Corporation Allied Chemical Allis Chalmers Aluminum Co. America American Airlines American Motors American Tel. k Tel. American Tobacco Anaconda Copper Atchison Railroad Bethlehem Steel Boping Airplane Co. Borg Warner Burrouchs Adding Mach. Canadian Pacific Caterpillar Tractor Celanese Corporation Chrysler Corporation Cities service Consolidated Edison Crown Zellerbach Curtis Wripht Douglrs Aircraft lu Pont de Nemours Eastman Kodak Emerson Radio Ford Motor General Electric General Foods General Motors Georgia Pac Plywood Ooodyear Tire Homestake Mining Co. International Harvester International Paper Johns Manville Kaiser Aluminum Kenneott Copper Libby. McNeill Lockheed Aircraft Lowe's Incorporated Long Bell A Montgomery Ward ew York Central Northern Pacific Pacific Gas & Electrlo Pacific Tel. fc Tel. Penney 1JC.1 Co. Pennsylvania R. R. Pepsi Cola Co. Phllco Radio Puget Sound P It L Rndio Corporation Rayonier lncorp. Rayonler Incotp. pfd Republic steel Reynolds Metals Richfield Oil Safeway stores Inc. ficott Paper Co. Sears Roebuck tt Co. Sinclair Oil Sorony Southern Pacific Stanclnrd Oil Calif (Standard Oil N.J. fittidebnker Packard -' Hwlft & company Twentieth Century Fox Union Oil Company Unioi Pacific United Airlines United Corporation United States Plywood United States steel Warner Pictures WestlnRhouse Air Brake Westlnghouse Electric Woolworth Company KS I'll ESS 19 ;j 119 J4 73 3, 101 25 7 184 l 77 34 S 'J , 159 1J 76 ' 48 34 36 'a 35 S. 68 18 l '. 88 S 64 , 49 68 5. 30 J4 83 vn ':, 85 Jj 11 7 60 i.. M l4 92 ', 47 i, 41 70 . 37 37 J, 130 51 U 43 4 142 '2 16 ' 47 3, 23 2 79 91 n 43 83 '4 52 3. 19 97 2 24 V 22 1, 34 26 'i 49 34 38 "n 35 K 68 75 U 53 j 73 3, 34 i', 62 71 -U 67 1)8 'A . 68 i h 47 ' 25 , 59 185 43 V, 7 46 'i, 58 S 20 , 32 63 50 GRAINS CHICAGO GRAIN CHICAOn ifl Grains he'd within rather narow price lim its on the Bourd ol Trade Wednes day, lacking any incentive for an Kressive buying or si'lhii. Trading proceeded at a listless pace. Prices firmed early, led by May wheat. It hit a new seasonal hiKh. Later the market dulled lower, most (mures falllnir below the pre vious close. Price firmed again late In the day. Wheat closed '-3 ', hlsher. May 2 24 V3). corn ',-ij lower, Mnv 1 38 1,-1.38. oats i hlulier. May BVi. rye ',-'2 higher. May 1 28. soybeans 1 to 2 cents hiclier. May 2 64 i4-i2 and lard 2 cents lower to 5 cents a hundred pounds higher, May 12 22. urn: at Open HUh Low (lose May 2 23 2 25 2.22:1, 2.24 ', Jly 2 00 2 00 i 1.98 j 3 00 a. Sop 2.02 ' , 2.02 2 01 2 02 '4 Dec 2 05 2 06 2 05 2 06 , I'OHTI.AM) fillAIN PORTLAND 1.41 Coarse grains. LS-day shipment, bulk, coast de livery: Oats No. 2. 38 lb white 53 50-55 00 Bnrlev No. 2. 45 lb B W, 4ii.'0 Coin No. 3. E. Y. shin llU'lit 66 25. Wheat: No. bids or offers. Car receipts: Wheat 3. barley 3; Hour 4; mill feed 7. Skies Overcast At Crater Lake Skies weir overcast and a light, southerly wind was blowing this niorriin: at Crater Lake National Park, according to a report from the ranker slalion. Tuesday's maximum tempein tine was an degrees; minimum laM night. 27. and at 8 a.m. todav it was 33 iligrees. Highway 6J through the paik Is in good condition mosilv bare 'Hie road from Annie Springs to the run is open, with snow tread tiles advised lor travel from park head quarters to tne run. Snow depth is lii2 Inchrt com pared with m on this date last year and 213 inches in 1'JM. FALSE TEETH That Loosen Need Not Embarrass Msny wrsrrrs of ft Is trrth h9 tirtrmt ril m!hnrrawnrnt britiiw iifir plate livp'(l. ipr-1 or wob tlrl Kt lust t'i wroiiK time. Do not 1IV4 m f,r of tills hspjirniiii; M you Jjul Minnklr A little F AM KKTH. th alkulliie uiin-rid) po-tr. on tnir plates H"ld fnls trrth more flrmlT. vi tliey li-el tmne. conifnrtnltl. linl uMir CIierkA "p!me our" den ture Drrnthl. tiet KAilbhiH ftt an druc counter. LIVESTOCK PORTLAND LIVESTOCK PORTLAND USDA Cattle salable 450, mai kr active; fed steers fully steady; fed heifers sironff: cows now steady-strong. Instances 50 cents to 1.00 higher on commercial kinds; bulls f u 1 ! v Fieady; truck lots chice 1028 lb fi'd ateer 20 00; small lots also 10i!8 lb 19.75; few oilier lots choice steors 19 60: good steers mostly 17.50-19.00; few commercial-utility offerings 11.50-17 00. ore lot choice. 850 lb frd heifers 18 65; load 796 lb 18 50, sorted four head at 17 00; one lot good 770 lb heifers 17 40; few utility - commercial mostlv 11.00-15.50, canner - cutter cows largely 8 00 - 10 00; utility cows 10 50-12 50; with commercial 13.00 14 00; Including one load potato fed cows at latter price; few utility-commercial bulls 13 50-16.25; light cutters down to 11.50. ' Calves salable 50: market ac tive, fully steady; choice vealers I 25 00 - 28.00; good grades 20 00 ' 24 00; cull calves and vealers ; down to 7 50. j Hogs salable 300; market fairly active, fully steady; sorted lots No. 1 and 2 180-235 lbs barrows and gilts 16.00-50; mixed lots No. 2 and 3 butchers mostly 15.50-75; 250-270 lb No. 3 butchers 14.00-75; sows 300-500 lbs 10 00-13.00. Sheep salable 150; market not established on limited offering wooled lambs; lew shorn sa les steady; one lot mostly choice fed lhmbs carrying No. 3 pelts 17 00; small lot choice No. 1 pelt lambs 18.25; feeders scarce but demand very narrow; ewes scarce. SAN FRANCISCO (UP-FSMNSl Livestock: Cattle salable 25. Supply insuf ficient to fully lest market. Few canner to low-utility cows 10 50- 11.60, shelly canners downward to 5. Calves salable none. Hogs salable 100. supply mainly butchers. Moderately active, butch ers fully s.eady with Tuesday. Mixed grade lots U.S. No. 1 to 3 180-240 lb butchers 15.25. Other classes scarce. Sheep salable 100. supply main ly slaughter lambs. Moderately active, old cron slaughter lambs about steady. One lot choice 102 lb old crop slaughter lambs with fall shorn and full wooled pelts 16.25. Other classes scarce. CHICAGO LIVESTOCK CHICAGO iP) Butcher hogs gauied 25 to 35 cents Wednesday, an 85 head lot selling at $14.35. Tills was the best price for hogs since Feb. 3. Most 190 to 270 pound butchers were taken at $13.50 to $14.00. Butchers scaling- 280 to 330 pounds sold at $12.75 to $13.50 and 340 to 375 pounds at $12.25 to $12.75. Top on prime steers was $25.00, set by one load. Choice and prime sold at $21.00 to $25.00 while most choice kinds brought $18 25 to $20.- 50. A few loads of choice and prime hellers brought $18.75 to $19.50. Good to prime wooled lambs moved at $10.50 to $21.25. Salable receipts were 8.000 hogs. 13.000 cattle, 300 calves and 1.500 sheep. POTATOES By THE ASSOCIATED PRESS Hie Wednesday potato market reported by the U. S. Department of Agriculture: Sixteen cities, arrivals 416: on track 1.194; shipments 89C: North ern Calif. 9. Central Calif. 1. Ida ho 326, Oregon 18, Washington 7. IDAHO FALLS Market about steady; Russets No. 1, 10-20 per cent 10 oz and larger 3.15-3.30; 20-30 per cent 10 oz and larger 3 30-3 .45 ; 30 per cent 10 os and larger 3 50-3 60. SAN FRANCISCO Street sales, market about steady; Klam ath Russets No. 1-A, 2 in, 4 40 4.50 LOS ANOELFS Carlot sales, market firm; Idaho Russets No. 1-A. 3.7M .85; Central Oregon 4.25. CHICAGO I Potatoes: Ar rivals old stock 76; on track 260; total U.S. shipments 896; Hound Reds firm to slightly stronger. Carlot track sales, old stock: Ida ho Russets $4.90, utilities $3 90. baled in 10 lb sacks $5 40-5 55; Minnesota-North Dakota Pontine $4 90-5 10 washed and waxed. $4 40 unwashed. A(i71 t v y1 "tissssss::!::::::::;;;:::;:::; FOR LIMITED TIME! XBX lW M FOE mm STUDIO PHONE 4526 1037 MAIN ST. Weather Table B THE ASSOCIATED PRESS 2 noun lo 4:3 a. m. Uednnday Mas. Min. Prep. Biker . 54 37 .04! Bend 52 32 T I ! Bol'e 58 43 I ' F.ugcne 51 44 .ijl Klamath Falls 55 34 - Lareview 53 3U Medford 57 3o Newport 53 48 .88 I Nrlh Brnd 56 50 .13 ' Pendleton 54 42 .02 Portland Airport 47 44 .48 Rnseburg 55 36 .07 Salem 50 46 .38 Spokane 4 35 .06 By I'NITKD PRKSS Temperatures and rainfall for 24 hours ending at 4:?0 a.m. Hi?h Low Rain Albuquerque 64 39 Atlanta 49 32 Bakersfield 70 48 Boston 35 24 rhlcago 45 28 Denver 53 32 Detroit 36 27 . Fairbanks 35 15 Helena 51 28 Kansas City 51 37 .17 Los Angeles 71 54 Miami 65 44 Minneapolis 41 34 . New Orleans 56 39 New York 39 29 Oakland 63 Oklahoma City 55 41 .02 Phoenix 80 50 Pittsburgh 37 16 Red Bluff 92 45 Salt Lake City 57 35 San Diego 66 San Francisco 60 48 Seattle 45 43 .44 Stockton 70 42 Thermal 89 52 Tucson 77 45 Washington 41 29 Yuma 87 51 California Weather By UNITED PRESS San Francisco Bay Region: Mostly fair today and tonight, cloudy Thursday; slightly cooler Thursday; high today San Fran cisco 60. Oakland 64. San Mateo 66. San Rafael 66: low tonight 42 50; southwest winds 8-16 mph in afternoons. Northern California: Cloudy north portion, occasional rain Uklah and Redding northward this afternoon and tonight and a few showers Thursday; fair Central California today, tonight and Thursday; cooler north interior Thursday; coastal winds southerly 20-35 mph Cape Mendocino north ward, southerly 10-20 mph Cape Mendocino to Point Reyes and variable 8-18 mph south of Point Reyes. Sierra Nevada: Mostly fair to day, tonight and Thursday but oc casional cloudiness north portion tonight and Thursday: light rain and a few snow flurries extreme north Thursday; cooler north por tion Thursday. Musician Given j Probation Term Osvaldo Magallanes, 27-year-old musician, who disrobed in front of Uie headlights of his automobile on Highway 97 near Midland, was placed on two years probation Wednesday by District Judge D. E. Van Vactor. He had previously pleaded guilty to a charge of in decent exposure. The defendant admitted to the court he had been drinking at a local club shortly before his ar rest. State police took Magallanes Into custody on complaint of mo torists who saw him standing nude in Uie highway. Annual Spring Mncirr!i Cat DUNSMUIR A 51-otcce band and a 23-voicc chorus will be fea tured at the annual Spring Musi cale given by Dunsmuir High School on Thursday evening, March 22, at the elementary school auditorium. Band numbers will be new publi cations of special band pieces ac cording to Wayne Turner, direc tor. Two concert marches are on the program, old favorites wiil be sung by the chorus, als-o under Turner's directions. Proceeds ol the evening will be used to finance Canyoneer activi ties. This organization Is composed of Dunsmuir's young musicians. TMIT 0 IIKHALD AND NEWS. KLAMATH FALLS. OTtEGOV t (71? A -,. ' ,fr , : '.' .' "" ::...0l-V ;.:: f v ..... --... ,t .1 ... A i , , v-i n'n 11 1 11 11 Ann ROAD AND STREET PROBLEMS of the state are being studied by these members of the Legis lative Interim Committee on Roads which met in Klamath Falls Tuesday noon. The legislators are, left to right, Senator Walter Lefh, Repres3ntative Fred Meek, Representative Robert Elfstrom and Representative E. A. Littrell. Klamath Street Problems Aired At Sol v Inn suburban area street problems on a local level was urged by State Representative . A. Lit trell. Medford, at a Klamath Falls hearing of the Legislative Interim Committee on Roads held Tuesday noon in the Pelican Cafe. j Tne urgent need for legislative , action to help solve fringe area 1 road problems in Klamath Ccumy ' was the main topic of the local public hearing. County officials ana residents or tne soutn subur - ban area stressed that present state lows concerning the iise of. county road Itmds are at present mucn too oincmg. County CommisMoner Jerry Rai- nus cited the prevailing bad con dition of the roads in the south suburban area which are not in cluded in the county's road system. State laws now prevent the use of county funds on streets or roads not included in the county's system. NKW LAW The legislative committee was asked by Rajnus to consider a law which would allow the county court o use five per cent of its! road funds on maintenance of putlic roads or streets as the court' saw fit. Three residents of the area. Vor - land Huff. Joe Suliivan and Jack Evans, affirmed Rajnus' state ments on the bad condition of the streets and asked the legislators for some relief of the problem. They described the condition of the streets and said that they became so impassable in winter that the delivery of mail, milk and the mobility of other essential serv- ices such as fire fighting are bad - fire fighting are bud - ly hampered by the lack of ade- quate streets. FI'NDS USE RntniiR Kniri tht a lull' ollnwinw the county to use five per cent of its road funds as the county court saw lit would give Klamath County about $40,000 to $50,000 an nually to maintain public roads in the county that are not a part of the present county road system. These funds could be used in the various unincorporated towns of the county as well as in the Klam- GEORGE RIFF DIES George Larry Ruff. 63, native of Moffitt Creek, California, died in Chiloquin March 19. He had been a resident of Klamath County for 24 years, survivors include a broth er and son, both of Yreka, Cali fornia. Funeral services will be held at Yreka, with the Gtrdner Funeral Home in charge. Ward's Klamath Funeral Home in charge of local arrangements. soft as a poodle . and tice ai jrruii tl padded vamp toe for the 'Gal-on-the-Go!- ANo v.ill h ovailob't won in Whitt and Whin Sond VAN ORMAN'S S27 Main nterim ath fringe areas, Rajnus in- I dieated. Sen. Walter C. Leth, Monmouth. su'jsested that any law allowing the county courts lo use the road funds at their discretion should not oe fixed at any set percentage. He recommended that the funds be tied lo the tux base of the various counties which would allow a more flexible arrangement for the county courts. - bkttFR PLANNING i Better county planning and zon- ins regulations would preclude: , many of the street problems now uor Talk Given Len Surles presided over the short business meeting March 20 of Peterson School Parents and Patrons he!d at the school. Mr. ?nd Mrs. Clark Good, chair- mnn of the successful Mardi Gras i put on oy tne school as a lund ; raiding project, were presented with a gilt in recognition of their work Third grade teachers, Mrs. P. Ttylor, Mrs. E. Pappenlus and Mrs. J. Toole, pref-enled their stu dents in a son? and dance number from a Mexican Fiesta. Special numbers were presented by Cathy Yanraus and Jane; Denhr.m. D w. J ' spoke on 'fl J. Dean, local dentist, ! spoke on 'fluoridation." A question an" answer period conducted by Mrs. Len Surles followed his talk The room count was won by ! Mrs. F. TBVlOr S SPPOnd irrflflfl I Third grade room mothers served ; refreshments, Driving Cass Appeal Heard Hearing an appeal from a dis trict court conviction of Guy Bar ton. Klamath Basin rancher, for driving while intoxicated, opened Wednesday morning before ClP cuit Judge David R. Vandenberg. Barton was found guilty last May by a Jury in District Judge D. E. Van Vactor's court. Judge Van Vactor sentenced Barton to 30 days, in the county Jail and im posed a S250 fine. Subsequently, Defense Attorney Ben Goddard filed notice of appeal. Rnrtnn u-n. nrrp.ctpri hv ctntA nn- I ' j - w i I lice. Poodle Vamp smart caressing attention at your feet Bloiie: Red, block, potent, blue, avoca do. Sum to I0!i 11" HOt MKilill HilN to IM l'On-th'Gol at advtrlistd in KeariR existing. Senator Leth said. He also asked for more factual infor mation on the actual needs of the county. Rep. Robert L. Elfstrom. Salem, vice chairman of the committee, indicated the commttee would pre pare legislation for presentation to the next legislature which will al low the county courts freer use of their road funds. This would allow greater local autonomy to the counties in solving their problems on a local level as urged by Rep. Littrell. STATE PARKS The proposal to organize a sep arate state park department was opposed at the meeting by A. D. Collier. The park department now a part of the state highway department. The change is one of the subjects the committee is study ing. Collier cited the outstanding Job the highway department has done in maintaining the state parks and said he believed a separate park department would mean too much duplication and added cost to the taxpayers. Rep. Elfstrom said a special committee of 12 appointed by the governor is studying the park pro posal and that the road committee will pass on any recommendations to trmt tody. AITIIORIZKD The Interim committee on roads was authorized by the last legis lature to study road problems, farm truck license laws, the or ganization of a separate state park department, the transfer of the state weighmaster's office from the highway department to the state police, nr.d allied problems. Members of the committee at the Klamath Falls hearlntr were vice chairman Rep. Elfstrom, Rep. Littrell, Sen. Leth and Rep. Fred Meek, Portland. They will meet in Lakeview. Burns, and other Eastern Oiegon cities in the next few days. , Klamrith officials at the hearing included: Rep. E. A. Geary. Sen. Harry Boivin. Rep. Henry Semon". county commissioners Jerry Raj nus and Ed Cowen and Mayor Paul Landry. We Do Hemstitching Yarns THREADS 2 for? Art-Needlework 412 Main Why not give your SAVINGS a chance to pay your UTILITY BILLS ? From the investment of die amounts shown below, the $1.60 per share dividend currently being paid by The California Oregon Power Company on its common stock would pay you annually approximately the amounts shown: Amount Invested $1,000 2,500 5,000 We own and common stock Rre Destroys Keno Hay Barn Stewart Lennox firemen battled flames for two hours this morning, but were unable to save a hay barn on the Lee Holltday ranch on the Keno Road. A fire department sookesman said that no damage estimate was avallaole today, but that it was believed that there, was no ma chinery stored in the barn. The alarm waa received at 4 a m., and the bulk of the llremen were back from the blaze by 6 a.m. However, the asnes continued to smolder, and llremen will keep a watch on the ruins until the last smoldering is over, the spokesman said. The only other (ire call in the 24 hour period endicy at 11 a.m. today was an attic lire at the residence of E. C. Ravert, 3445 An derson. Suburban firemen, who said the alarm was received at 10:02 a.m. said damage was con fined to the roof near the chim ney although the attic was filled with smoke. Heart Attack Takes Greeley Melvin Allen Greeley, 47. native of Stockridge. Wisconsin, and resi dent of Klamath County for 40 years, died M3rch 20. He was tak en ill at his home, ana aeatn ap parently followed a heart attack. Surviving are nis wiaow, Mrs. Elsie Greeley, of Klamath Falls. and an aunt, Mrs. Herbert Phil lips of San Mateo, California. Mr. Greeley grew up in the Hen ley district and attended grade and high school mere. He was a logger and was employed by Ned Put nam Logging at the time of his death. Funeral services will be held from the chapel of Ward's Klamath Funeral Home on Friday, March 23, at 10 a.m. The Rev. Dale Hewitt of the First Presbyterian Church will officiate. Final rites and In terment will be in Mt. Laki Ceme tery. SHIP LAUNCHED KOBE. Japan Iffi Japan's biggest ship, the 32,800-ton tanker, j Taiho Maru, was launched here Wednesday. Due for completion in July, it will transport oil from the Middle East to Japan. World's favorite half-gallon So-o-o EASY to pour! Even a SMALL CHILD can EASILY carry A FULL GALLON or POUR from one unit of the conveniently divided TWIN LOOK for th POLKADOT TWIN PAK. Cum IIAnillp.il l.k. IlilL- PHONE j (QUPOpi 5101 I Annual Dividend ' $ 48.00 120.00 240.00 can offer, subject to prior sale, shares of of The California Oregon Power Company. Pul your savings fo work today . . . tall us collect at CAPITOL 8-3322 . . . PORTLAND, OREGON Blyth&Co.Jnc. ?W PACIFIC BUIlCINft, iTdtlWtAND, OREGON WEDNESDAY, MARCH 21. 19; Oregon Wecrher Western Oregon ContinuM rain likely Thursday afternn Continued mild but slighUy cooler in coastal areas Wednesday nijht Highs 48-54. Lows Wednesday night 40-46. Coastal winds south, erly to southeasterly, shifting w southwesterly. Eastern Oregon Scattered showers Wednesday night and partly sunny Thursday. Little change in temperatures. Lows Wednesday night 36-44. Highs inursaay 10-00. uranis rass ana vicinity A little rain late Wednesday night and early Thursday. Partly cloudy Thursday afternoon. Highs 50-ss Thursday. Lows Wednesday night 38-43. Baker and vicinity Mostly cloudy through Thursday with few snow iiurries over mountains Lows Wednesday night 32-37. High inursaay tf-oj. -Jt -it-. i You'll Find The Largest Stock Of Sport Coats 1 we ve Ever t a r r I e d, In cluding Many Beautiful Splash Patterns. In Styles To Fit Men Of All Builds. PRICED... 24"t.50 00 DON'S 6th and Main We Give 9C Green Stamps GUESS and WIN Men's and Ladies SAMSONITE CASE f T
