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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 17, 1956)
s PAGE FOUR MARKETS AND FINANCE STOCKS WALL STREET NEW YORK Wi - The slock ..-.!., .l.u.lin.wt in trHin0 Wednesday. A late rally by rails evaporated. Th A.un.;aiaii ra auAruffA of 60 stocks declined 80 cents to 1178.50 with the industrials down $1.90, the rails down 20 cents and the utilities down 10 cents. Volume totaled 1,640.000 shares compared with 1,580,000 Tuesday. NEW YORK STOCKS By THE ASSOCIATED PRESS Admiral Corporation 18 Vt Allied Chemical Allis Chalmers Aluminum Co. America American Can American Cyanamlde American Motors American Tel & Tel. American Tobacco Anaconda Copper Aatchison 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 Zcllerbach Curtiss Wright Douglas Aircraft du Pont de Nemours Eastman Kodak EmiTson Radio Ford Motor General Kleclric General Foods General Motors Georgia Pac Plywood ' Goodyear Tire International Harvester International Paper Johns Manville Kaiser Aluminum Kennccott Copper Libby, McNeill Lockheed Aircraft Loew's Incorporated Long Bell A Montgomery Ward New York Central Northern Pacific Pacific American Fish Pacific Gas & Electric Pacific Tel. & Tel. , Penney (J.C.) Co. Pennsylvania R.R. Pepsi Cola Co. Phllco Radio Puget Sound P & L Radio Corporation Rayonlcr lncorp. Republic Steel Reynolds Metals Richfield OH" -Safeway Stores Inc. St. Regis Paper Scott Paper Co. Sears Roebuck & Co. Shall Oil Co. Sinclair Oil Socony-Vacuum Oil Southern Pacific Standard Oil Calif Standard Oil N.J. Studcbakcr Packard Sunshine Mining Swift It Company Transnmerica Corp. Twentieth Century Fox Union Oil Company Union Pacific United Airlines United Aircraft United Corporation United States Plywood United States Steel Warner Pictures Western Union Tel Wcstinghouso Air Brake Westinghouse Electric Woolworth Company 93 to 32 10H 'a 41 tt 69 6 169 to 73 77 28 167 53?, 46 42 434 33 89 y 15 76 61 to -45 52 to 38 on i'. . 195 91 U 7 to 60 Vi 59 46 47 to 32 74 to 35 to 115 4B 54 132 to 14 to 50 19 to 71 41 to 38 37 to 14 49 128 to 84 23 to 19 20 25 V 37 32 53 69 to 68 67 48 to 82 to 31 77 to 58 53 48 k 46 54 5 8 . 43 38 to 26 to 57 30 to .40 81 to 6 37 to 87 . 26 18 30 to 52 45 WOOL MARKET NEW YORK (UP)- Wool top futures on the New York Cotton Exchange today opened 3 points higher to 2 points lower. Opening prices follow: Oct. 168.5 bid; Dec. 170.6 traded; March 170.3 traded; May 168.1 traded: July 166.0 bid; Oct. (1957) 165.2 bid; Dec. 164.0 bid; March (1958) 162.5 bid. Wool futures opened 4 points lower to 2 points higher; Oct. 142.5 bid: Dec. 142.6 bid; March 141.6 bid: May 139.1 bid; July 137.2 bid; Oct. (1957) 133.6 bid: Dec. 136.1 bid; March (1958) 135.2 bid. i CHICAGO POTATOES CHICAGO ( - Potatoes ar rivals 108; track 353; total U.S. shipments 491: market dull: Idaho-Oregon Russets 3.70: utility Idaho Russets 2 70; Washington ItUSSCttS 3 40-4 Hi: Mmnixnla. North Dakota Red River Valley quintal's i JU. i POLITICS TAKF..V SERIOUSLY LOS ANGELES lit College boys are taking politics seriously. Police arrested Harold K. Kach igan. IS, for carrying a pistol at a Democratic rally on the Uni versity of Southern California campus. They said he had an un loaded .22-raliber revolver stuck in the waistband nf his trousers. Police quoted Kachigan as say ing students of Republican per suu.iian were picketing the rally and he thought sight of the pistol might keep things peaceful. 4 4m 1 s-ire 1", m 7 K ; LET CLASSIFIED LIVESTOCK DnRTl Avn i.ivivsTnric PORTLAND iJI-c USDA i-Cattlc ' nalnhlf Inn. market llmtven fed ' steers, heifers slow; utility-low! I good steers, heifers fully 50 cents ! Inwer! no strictly choice lots of- ferod: canncr-cutter cows fully 50 cents higher: other classes about steady; load mostly good 950 lb fed steers 22.00; part load 1080 lbs 22.00; short standard led steers 18.00-20.00; utility steers 10.50 15.00; load standard with few low good heifers 785 lbs 17.00: stand ard heifers 16.00-17.00; utility-low standard 9.50-14.00: canner-cutter cows mostly 6.50-8-50; few 9.00-50; shelly canners down to 6.00: utility cows 10.00-11.50; commercial cows 12.00-13.00: Utility bulls 13.00-50. Calves salable 200: good-choice vealers scarce, fully steady heavy slaughter calves weak to 50 cents lower; good vealers mostly K.50-18.30; few choice 19.00-21.00: good-choice 350-450 lb slaughter calves 15.00-17.00: standard calves, vealers 12.00-15.50; culls down to 6.00. - . Hogs salable 350; trade moder ately active, fully steady: sorted No. 1-2 grade butchers 17.75-18.00; select No. 1, 18.25; mixed No. 1-3 grades' 180-235 lbs 17.25-50: sows mixed No. 1-3 grades 12.00-16.00; few No. 1-2 grades 16.25-75. Sheep salable 600; trade active, fully stead'; good-choice 75-105 lb wool slaughter ' lambs 16.50-18.50: several lots mostly choice 19.00; i j 1., I I... 15.50-16.50: part deck of choice 97 lb bcolswold slaughter lambs 19.00: part deck good-choice with . No. 1 and fall shorn pelt 18.00: good choice 75-85 -lb feeders 15.00-16.00: common and medium lightweights 11.00-14.50; cull-good shorn slaugh ter ewes 2.00-4.50; few long-term breeding ewes 15.00 per head. CHICAGO LIVESTOCK CHICAGO ifl Hogs Wednes day sold steady to 15 cents lower. Buyers obtained most 200 to 270 pound butchers at $15.90 to $16.15. A few 170 to 195 pound butchers moved at $15.25 to $16.00 while sows brought $14.25 to $15.75. A top of $33.25 was set by aver age prime to high prime steers. Most high choice and prime steers sold for $27.50 to $32.50 and good to average choice for $19.50 to $27.25. Prime heifers topped at $29.50 while good to high choice brought $18.50 to $25.75. Lambs sold steady to strong at $18.50 to $22.00 for good to prime woolcd types. Salable receipts were 9,500 hogs. 13.000 cattle, 300 calves and 2,000 sheep. .... I CHICAGO GRAIN CHICAGO iffi A moderate de mand and an absence of selling pressure combined to send grains higher on the Board of Trade Wednesday. A burst of buying got the mar ket off to a good start. Prices turned downward in mid-morning on news Jugoslavia might not ac cept American economic aid. To ward the finish a new buying flurry sent prices to the day's best levels. Firmness in cash markets, mostly dry weather in the winter wheat belt and expectations of ex port business in soybean oil pro vided the background for the ad vance. Wheat closed higher, De cember 2.31-2.31 ', corn l'i-1 higher, December 1.35-, oats lower to higher, December 78-, rye 1 to lto higher, Dc cember I.M't-'i. soybeans 3 to 5 cents higher, November 2.41-2. 41to and lard unchanged to 23 cents a hundred pounds lower, October 12.45-12.35. WHEAT Open High Low Close Dec 2.29 to 2.31 to 2.29 to 2.31 Mar 2.34 2.3(1 2.34 2.35 to May 2.35 2.3(1 ' 2.34 2.36 Jly 2.25 2.26 2.25 2.26 Sep 2.28 2.29 2.27 2.29 PORTLAND GRAIN PORTLAND Iffi Coarse grains, 15-day shipment, bulk, coast deliv ery: Oats No. 2. 38 lb while 54.00. Barley No. 2. 45 Ih B. W. 48.50 49.00. Corn No. 2, E. Y. shipment Wheat Ibid) to arrive markct,ldit1aU- 'or reelection and Harry bas s No. 1 hulk Hf.livi.rorl rnnsl . sou nnnc 2.26: Solt White lex eluding Ilex) 2.26; White Club 2.26. Hard red winter: Ordinary 2.27: 10 per cent 2.27: 11 per cent 2 27; u per ceni vai ii-n-ipis; micat naney I; flour 6; corn 4; oats 23: mill feed 1 Hit plcdqe it lo faithfully represent the people ef Oreqon what they think . . . what they believe it best for Oreqon and for our country. And no man in political life knows the people of Oreqon better or hat served them lonqer in to many responsibilities. V0TE-D0UG McKAY Ui4 Pel. AaV McKay far See. Ie Matt, Chr. Weather Table By UNITED PRESS Temperatures and rainfall for 24 hours ending at 4:30 a.m. High Low Rain Albuquerque 78 48 .18 75 63 ' 82 52 ' .... 87 57 85 65 .02 85 58 J .:. 80 41 79 . 51 93 64 82 49 . . 68 45 82 58 74 58 83 69 77 58 80 63 70 53 78 57 85 54 78 49 81 52 72 36 72 60 69 54 58 51 .21 81 45 94 65 87 56 72 ' 60 93 61 1 Aliama Bakcrsfield Boston Brownsville Chicago Denver Detroit - . 101 Cenlro Fresno Helena Kansas City Los Angeles .Miami Minneapolis New York Oakland Oklahoma City Phoenix Pittsburgh Red Blulf Salt Lake City San Diego San Francisco Seattle Stockton Thermal Tucson Washington Yuma By THE ASSOCIATED PRESS 24 hours to 4:30 a. in. Wednesday Max. Min. Prep. Baker 61 37 59 41 68 45 , 68 52 ' Tj 64 31 63 .37 67 41 61 55 .53 65 55 ! T 58 47 T 59 56 ,'.51 67 46 ' T 64 56 .34 54 43 T Bend Boise ' , Eugene Klamath Falls Lakeview Medford Newport North Bend V Pendleton Portland Airport Roseburg Salem Spokane Oregon Weather Eastern Oregon A few show ers Wednesday night. Partly, cloudy and a little cooler Thurs day with a chance of showers in the mountains. High Thursday 54- 64. Low Wednesday 36-48. Western Oregon A few show ers and partial clearing Wednes day night and "Thursday. Cooler north portion Wednesday night with low 42-50. A little cooler Thursday with high 52-62. Coastal winds west to southwest, 10-20 Wednesday night and Thursday. Grants Pass and Vicinity Mostly cloudy Wednesday night with a few showers. Partly cloudy Thursday. High 58-63. Low Wed nesday night 48. - -' Baker and vicinity Showers and windy Wednesday night. Part ly cloudy with a few showers Thursday. Low Wednesday night 38-43. High Thursday 53-58. Five-Day Forecast Western Area Temperatures lowering at first then rising near end of week, averaging near nor mal with highs in Western Wash ington mostly in the 50s and West ern Oregon in 60s. Lows in 40s, Moderate to heavy precipitation with recurring rain. Total amounts from to inch interior and to to 1 inches on coast. Eastern Area Scattered show ers Wednesday night or Thurs day, otherwise little or no preci pitation. Temperatures averaging above normal, lowering at first then rising later in period. Highs mostly 55-65. Lows 30-40. Property Tax Meeting Slated The question. "Why Am I Pay ing Higher Taxes This Year," will be explained at a voter's school to be held Thursday, October 18. p.m. in the Bonanza Library by A. R. Dickson, Klamath County assessor and E. A. Geary, state legislator. The meeting is being sponsored by the Klamath County Farm Bureau Women. Everyone who pays property tax es is urged to attend. Opportunity will be given for questions by the taxpayers. Henry Scmon, veteran of the Oregon State Legislature and can Domn, canaiuaie lor siaie senaiui will talk on ballot measures. Can didates for Congress and state legislative offices will be given an opportunity to state their qualifi cations for office. All voters and taxpayers urged to be present. Refreshments will be served. You Can Count on Doug McKay To Serve You -Tha People of OREGON HERALD AND NEWS. KLAMATH FALLS. OREGON Wk 1 V.-N. RAILROAD WORKERS heard Congressman Sam Coon explain why he should have a.r,r other term in Washington. Coon visited the Great Northern shops in Klamath Falls and received a hearty welcome. Shown (left to rightl Coon, Boilermaker Frank Kennebeck; and Carmen Frank J. Yerkovich and W. W. Dewing. Coon told the railroaders he had quite a lot of experience with freight trains. He used to take livestock to the Chicago anc Kansas City markets. . " ' ; -J Coon Sends Regrets To Ike Congressman bam toon has .wired President Eisenhower, tell ing him that the "interests of the party" will prevent him from be ing on hand to greet tne rrcsiacni upon his arrival in Portland Thursday. Coon told the President that he decided it would be best to remain in Klamath Falls for two' reasons. First, he has a speaking en gagement Thursday noon at a Ki wanis luncheon. Senator Richard Neubergcr, Oregon Democrat, will be on the same program, he .ex plained. . ! "Second', our opposition- has ar ranged a "political one-day hearing Tbursdav by the Senate Indian Affairs Subcommittee on the' Klam ath Reservation termination prob lem," Coon said. , "I want to point out to the peo ple how our senators are Using their tax dollars to exploit the problems of our Indians for politi cal advantage 'Shortly before' the election." he added. I bad looked forward to seeing i you, he concluded, 'but 'I guess the party, must come first." School Gym V Issue Defeated LAKEVIEW - The $360,000 bond issue election held in Lakeview yesterday to provide funds for construction and equipping a new high school gymnasium resulted in defeat lor the project. Total vote was 1.049, according to II. B. Fcrnn, school superin tendent, which was more than dou ble the vote cast for any previous bond issue, The last time funds were sought through a bond issue for school purposes was the suc cessful election in 1952, he said, when 513 votes were cast. Yes votes Tuesday were 352 compared with 697 votes against the bond issue. This is the first time funds have been turned down for school pur poses in Lakeview. Ferrin said. The antiquated building now used for gymnasium purposes has been declared unsafe for school uses. Car Occupants Escape Injury Both automobiles were extensive ly damaged but the occupants es caped without serious injury in a headon collision about 8:30 p.m. Tuesday on Riverside Drive. Police reports indicate that the vehicle driven by James F. Whit church of Klamath Falls was pass ing a vehicle on the crest of the hill when it crashed into the on coming car driven by Jack A. Bounds of Grants Pass. .CAR ROOF SLASHED Charles A. Johnson Jr. of 2005 Vine Street has reported to police that the roof of his car was slashed sometime Monday night while the machine was parked in his ga rage. Police are also investigating a report that someone early Mon day morning backed a car into the Mary Ann Drive In building at Main and Riverside, extensively damaging the front door and a portion of the building. "There's that sign, again! Y NM10NM J "Sure hope theu, mean "I'm almost readu. for mu. first pair of . . . W It i California Weather By UNITED PRESS San Francisco Bay Region: Fair, today except local morning high fog inland and persistent overcast near the ocean; high temperatures San , Francisco 64, Oakland, 67, San Mateo 69, San Rafael 72; cloudy with occasional drizzle to night and Thursday m o r n i n g, clearing inland Thursday after noon; little change in tempera ture; low tonight 50-55; westerly wind 10-20 mph. ... '. Northern California: Fair today, tonight and Thursday except' cloudy on the coast and hi the extreme north with rain north of Point Arena and Mt. Shasta to night and Thursday morning:' cooler north interior today; coast al wind becoming southerly 15-25 mph from Cape Mendocino north ward, southerly 8-18 mph else where. ' Sierra Tlevada: Fair today, to night and Thursday , except con siderable high cloudiness in the north portion tonight and Ihurs day: cooler north portion today. Sacramento Valley: Fair today; variable high cloudiness tonight and Thursday; cooler today; high both days 68-75: low tonight 54- 60: southerly . wind 8-18 mph Northwestern California: Mostly cloudy today, tonight and Thurs day but fair south interior this afternoon: rain spreading south ward to Point Arena tonight and continuing through Thursday morning; cooler inland today, high today and low tonight 'at Napa 72 and 47, Santa Rosa 72 and 45, Ukiah 74 and 54; wind near coast increasing from south today be coming 15-25 mph north of Cape Mendocino and 8-18 mph else where by evening and continuing through Thursday. , Crash Injures OSC Student TULELAKE Stephen Matnan son. 20, Tujunga. California, stu dent at Oregon Stale College, Cor vallis, en route to school, received serious injuries early Monday morning, October 15 when the small make of car he w?s driving left the California State Highway, 20- miles south of Tulelake, re turned to the pavement and rolled over several times. Mathanson is believed to have gone to sleep at the wheel. He was driving alone. His safety belt which was fas tened, is credited with saving his life. The car rolled 93 feet before coming to a stop, entirely demol ished, tie was taken to tne Al- turas General Hospital. ARTHRITIS SUFFERERS! OFFER SAME DAY RELIEF! , 100 Tablets $2.4? WESTERN THRIFT 635 Main Ph. TU 4-3363 me. Pur hi im pir ot thott, roar child drwrvM lti bm...rc4l Parrots! Prt-mtms usum bet art support, better at end more com Ion. just what your roun ater needs fat those unoortam tint steps, let out expert niters show voa our selection of PoU-Parrocs soon. 9 4" Soft mIm, fntrmd.ot tlt and wtitkinf sol . . , you'll find (Stem in II tilts ood widthi mf w w 7 iC Death Claims KF Woman A native of Klamath. County and' member of one of the pioneer families of Bonanza, Mrs. Blanche (Birdie) McDonald, died Tuesday, October 16 at Hillside Hospital. She was 69 years old, born July 12, 1887, the daughter of Mr. and Mrs. Charles H. Hoagland. She was a member of the Re- bekalt Lodge, Klamath Falls. With her husband, the late Levi Mc Donald, she operated the old Lost, River Hotel in Merrill for many years and other hotels and room ing houses in the Klamath country- She came to Klamath Falls from Merrill about 15 years ago to make her home. 1 Survivors include a daughter, Mrs. Louis H. (Joan) Craven, Oak land, California; three sisters, Mrs. Bernard Zollman, Mrs. Roderick Smith and Mrs. Stanley Hajicek, all of Klamath Falls; a brother, L. S. Hoaeland. Lonz Beach. Cali fornia; granddaughter, Mrs. R. (T. Hopkins, Seattle; also two great grandchildren. ' .. Funeral services are -to be held from O Hair s Memorial Chapel, Thursday, October 18 at 11 a.m. with Bill Milne, lay vicar of St. Barnabas Episcopal Church offici ating. Cremation will follow in Oak land. Friends may call at O'Hair's Chapel until 10. a.m., Thursday. PAIR INJURED DORRIS Nathan Marlinclli and his son, both of San Francisco, received injuries from stray shots Sunday while duck hunting with friends. The wounds were not se rious, but the father was struck above the right eye and in the right hand and his son was in jured in the arm. HOME Need a new foundation, Car Port, Garage, another bedroom, new kitchen, or any other home improve ment? If you have a good paying record and your home meets basic building requirements, we may be able to give you up to 20 to 25 years to pay! FOR COMPLETE DETAILS AND INFORMATION STOP IN AT . . Mm l(ioiyQin) MATERIALS 4784 So. 6th Eisenhower Readies New Reply To H-Bomb Hassle SEATTLE till . President Ei senhower Wednesday directed top administration officials to prepare a new reply to Adlai. Stevenson's proposal that efforts be made to halt H-bomb testing.. . . .. James C. Hagerty. White House Dress secretary, told a news con ference here that Eisenhower be lieves Stevenson, the Democratic presidential nominee, made "in correct statements" in' his speech on that subject Monday night. "We are going to set the record straight," Hagerty said. In his Monday evening campaign address. Stevenson said if -elected "I would count it the first order of business" to try. for world agreement to terminate H-bomb testing. The Democratic candidate add ed that he would strive for such agreement with Russia and Great Britain, the only other nations, in the H-Bomb field. ' Only last Thursday Eisenhower said at a Washington news con ference that he bad uttered his last word" on the Stevenson proposal to .end H-bomb testing. Reminded ot Mat . Wednesday, Hagerty replied:v ' .' We believe incorrect state ments have 'been made and we are going to set the record straight." ' ' ' , . .. . . The press secretary said Eisen hower feels that since Stevenson has raised the matter again and made what we believe to be rather extraordinary statements, there should be a new adminis tration reply to the Democratic nominee. For that reason, Hagerty added, Eisenhower has called on three key administration officials' to prepare a reply which will be made public by the White House, probably early next week. The President called on Lewis Strauss,- chairman of the Atomic Energy Commission; Secretary of Defense Wilson and Secretary ef State Dulles to prepare what Hagerty termed "a complete his booking for. CANADIAN INVESTMENTS? Investor Groun Canadian Fund Ltd. n a sified, continually managed mutual fund organized m , ' Canada with investments in Canadian securities, seek- m j long-term growth possibilities through: -1. Investments in companies participating in the do . velopment and expansion of Canadian natnnt resources, industries, and commerce. 2. Automatic from: .. ' ROBERT O. SPROAT ,126 So. Srh Wiom TU 4-V21J $U?6fot'3 Diversified Services, Inc. IMPROVEMENT is NOW VVECtfESDAY.- OCTOBER 17. 1956 ; tory in this field" of testing nu clear devices and weapons. , Hagerty said it would be a long detailed 'statement. He added that there are "some matters in the security field" into which the statement will hot go. But he said that will be the only restriction in connection with preparation of the reply. The announcement regarding Eisenhower's plans In connection with the Stevenson proposal came as he turned his campaign battle' to Washington State's nine elec toral votes with Hagerty pictur ing him as optimistic: about his chances for carrying Minnesota, which he visited Tuesday. Truck, Auto Collide In Keno Drivers and occupants escaped without injury Tuesday . afternoon . when a truck driven by Cleo C. tpps of Medford ran into a car ; operated by Donald S. Johnson of 5716 Harlan Drive, Klamath Falls. The accident occurred about one mile east of Keno when Epps I rounded a curve and crashed into the ' Johnson machine which was . stopped on the highway. Johnson told police that he had spotted three deer near the high way and stopped his car. At the time of the accident he was re portedly parked in the road talking . with- two hunters about the deer. ' DODGERS LEAVE HONOLULU ifi The Brook- ; lyn Dodgers left for Tokyo Tues day night for 17 games in Japan and two games in Okinawa after trouncing three teams in Hawaii.. Used By Millions Daily Without Stomach Upset Tatt, (entle relief for heedache.coldf , muscle pain proved by ceouioe, pure etpiriD'e 100 jcere of public preference. Gel the Best for Less.. .Gel reinvestment ot ail amoenas ana otner earnings, providing special tax con- . (derations. ' . , i ' Get the facts on this motual fund contained in a free prosrjectns-booklet . , MARTIN A. PUTNAM Do It For You VAN ORMAN'S TU 48111 527 Main
