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.
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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
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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
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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