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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 7, 1958)
t PAGE FOUR MARKETS and FINANCE Editor! Note: The market re port! lUted below are yriter day'i market!, not teday'i and are carried at a icrvlce to those lubscriben la early de livery sonei which make publi cation of dally market! impoe ilble within the route schedule. STOCKS WALL STREET NEW YORK I The stock market closed higher Thuraday on a brisk advance. Prices near the close included: Du Pont up V.k at 177ft: Illi nois Central up 1 at 31 1; Texas Co. up 1 at 6W: Lukens Steel up 2"4 at 68H: Southern Pacific up r at 39; United Aircraft off Hi at 55. Volume for the day was est! mated at 2,500.000 shares com pared with 2,020,000 Wednesday NEW YORK STOCK8 . By THE ASSOCIATED PRESS Admiral Corporation Allied Chemical Allii Chalmers Aluminum Co. America American Airlines American Can American Cyanamide American Motors American Tel. & Tel. American Tobacco Anaconda Copper Armco Steel ' Atchison Railroad Bethlehem Steel . . Boeing Airplane Co. Borg Warner Burroughs Adding Mach. California Packing Canadian Pacific Caterpillar Tractor Celancse Corporation Chrysler Corporation Cities Service .. i Consolidated Edison Crown Zellerbach Curtiss Wright . Douglas Aircraft du Pont de Nemours Kastman Kodak KI Paso NG Kmerson Radio Ford Motor General Dynamic! General Electric General Foods General Motors Georgia Pac Cp. Goodyear Tire International Harvester International Paper Johns' Manvllle Kaiser Aluminum Kennecott Copper Libby, McNeill Lockheed Aircraft Loew's Incorporated MontgomeryWard New York Central Northern Pacific Pacific Tel, & Tel. Penney (J.C.) Co. Pennsylvania R.R. Pepsi Cola Co. Philco Radio Polaroid Puget Sound P It L Radio Corporation Hayonier Incorp. Republic Steel Reynolds Metals Richfield Oil Safeway Stores Inc. St. Regis Scott Paper Co. Sears Roebuck & Co. Shell Oil Co. .Sinclair Oil Socony Mobil Oil Southern Pacific Sperry Rand Standard Oil California Standard Oil N. J. Studebakcr Packard Sunshine Mining Swift & Company Thompson Product! Transamcrica Corporation Twentieth Century Fox Union Oil Company Union Pacific Unted Airlines United Aircraft United Corporation United States Plywood United States Steel Warner Pictures Western Union Tel. Westinghouse Air Braka Westinghouse Electric Woolworth Company . 8tt 78 H 24 68 Vt 17 ft 44 41 8 Me 170 Vt 77 y 42 'A 43 18 40 to 37 27 i 30. 40 H 24 60 13 Vt 51 48 49 46 V4 23 56 Vt 178 105 28 H 4 40 59 Vt 2 M 57 34 28 74 31 y 88 Vt 38 Vi 28 82 V. 8 40 13 34 V, 14 V, -37 Vi 125 11 22 15 58 28 33 16 Vt 44 40 58 28 30 A3 27 66 49 Vt 48 V4 3 19 45 51 Vt 3 V. 8 Vd 32 Vi 42 37 25 V 44 26 Vt 26 Vt 65 7 Vi 26 81 18 17 20 VA 62 ',: 42 POTATOES SAN FRANCISCO (UP-FSMNS) Potatoes: Russets U.S. 1 6-ounce minimum 100 lbs mostly 4.65-4.75. LOS ANGELES (UP-FSMNS)- 1'otato market dull. Russets Oregon Deschutes U.S. 1A 3.50. Oregon arrivals: Truck 1,755. CHICAGO Ml Potatoes arri vals 80: on track 297; total U. S. shipments 808: Russets stronger: Hound Reds steady; carlot track sales Idaho Russels 5.35-5.40; Min nesota North Dakota Red River Valley Pontiacs 4.85-5.15. PRIVATE PLANES SURVEYED WASHINGTON (IT) - The Civil Aeronautics Administration will send questionnaires to 7,500 aircraft owners for a survey of living in business and industry uurinij lira, me survey will cov er 12 per cent of the privately ownea pianos other than sched ulcd aircraft In the United States. Potato Shipments SEASONS 5S.J7 57-58 Dally Truck Ore. I 1 Dally Rail Ore. I Tl Daily Tnirk Calif. 17 T Dally Rail Calif. 4 17 Dally Total ORE, CALIF. M M Monthly Total m 160 Season 'I Total 7336 LIVESTOCK PORTLAND WMUSDAl-Cattle salable 100; trade active, fully steady: 2 truck lots mostly good fed steers 26.00-26.25; utility cows 17.00-19.50; canners ana cutters 14.50-16.00. Calves salable 25; market about steady; choice vealert 32.00-35.00; good 28.00-31.00. Hogs salable 50; market about steady; sorted No. 1 and 2 grade butchers 23.00-23.50; mixed 1, and 1 grades 22.00-22.75. Sheep salable 25; not enough of fered for adequate test; slaughter lambs fully steady for week; sev eral decks mostly choice 23.75, STOCKTON (UP- FSMNS Livestock: Cattle salable 25. Market un tested. Calves salable none Sheep salable none. CHICAGO W) Butcher hogs prices were 25 to 50 cents higher mursaay wan all interests In the trade. Buyers paid a top of $21.50 for the scarce No. 1 grade at 200- 225 lbs. Grades of choice and better slaughter steers were practically absent but prices for grades of low choice and below were fully steaay. ine top oi 132 was paid tor a tew nign cnoice steers. Slaughter lambs were full steady and. sold up to $24.50 for choice to prime wooled 101-107 lb averages. Salable receipts 7,500 hogs, 1,500 cattle, 100 calves, 2,000 sheep, GRAINS PORTLAND m Coarse grains, 15-day shipment, bulk, coast de livery: Oats No. 2, 38 lb white 49.50. Barley No. 2, 45 lb B. W 47.50. Corn No. 2, E. Y. shipment, 55.00-55.50. Wheat (bid) to arrive market. basis No. 1 bulk, delivered coast Soft White 2.24; Soft White (ex cluding Rex) 2.24: White Club 2.24 Hard Red Winter: Ordinary 2.33; 10 per cent 2.33; 11 per cent z.34; 12 per cent 2.35. Hard White Baart: Ordinary z.24; 12 per cent 2.24. Car receipts: Wheat 70; barley i; Hour 5; corn 3; mill feed (. CHICAGO to Grain futures came under fairly general selling near the close of the Board of Trade Thursday and prices slid off generally from their earlier highs. Wheat liquidation was ascribed to redemption of increasing amounts oi the grain from gov ernment loan. The report said re demptions were taking place in Kansas, Oklahoma and Texas. probably for exporter accounts. At times, the new crop wheat contracts were off a cent or more a bushel from their highs early in the day. Demand was stpped up on belief that Congress may extend 1957 farm price supports to 1958 crops and word that Pak istan had bought 700,000 bushels for May and June shipment. wneat closed -lV4 cents a bushel lower, March 2.22: corn tincnanged to cent lower, March 1.15-16; oats - lower, March 65-; rye l-2 lower, March 1.32: soybean! -l cent higher, March 2.22-21; lard 5 to 12 cents a hundred poundi lower, March 12.65. WHEAT Open High Low Close 2.24 2.24 Vt 2.22 2.22 Mar May 2.20 2.21 2.20 2.20 Jiy 1.96 1.98 1.95 1.95 Sep 2.01 2.01 1.98 1.98 Dee 2.05 2.06 2.04 2.04 Snow, Rains Pelt States By THE ASSOCIATED PRESS More snow and rain fell broad areas of the country today, with a snow covering of up to a foot in some places. Only sections 01 uie Northeast and north cen tral region appeared out of the wet belt. Heaviest precipitation was In the Southern half of the country. Showers sprinkled the, far South west, with scattered thunder storms and rain eastward through the cenlral part of the country from Kansas to Texas, through the Gulf Coast states and into Georgia and South Carolina. Amounts were light in most areas except Oklahoma, Kansas, Missouri and parts of Texas. The rain belt extended north ward In the mid-continent through Missouri and into Kansas, where rain turned snow in the northwest region. The snow band spread Into southwest Nebraska and south ward through Colorado and into New Mexico and also touched ex treme northwest Texas. Heaviest snowfall was from southeastern Colorado through northwest Kansas, with falls av eraging from 2 to I inches In a six-hour period. At Russell, Kan- snow on the ground measured a loot. Heay falls also were reported in parts of the Texas-Oklahoma Panhandle, with 5 Inches of snow in some areas. Drifts In western areas of Oklahoma blocked high ways. In the Far West, heavy rain hit Southern California, with snow in mountain areas and diist storms in the Southwest desert re-l gion. Los Angeles was pelted by j hail and rain and was cooled by temperatures of 46. a droo of 8 degrees in 2'i hours. ALL THE EVIDENCE CHICAGO (UP)-Chicago alder men are complaining that the press box in their new council chamber makes them feel a bit ) uncomfortable. It looks, several i said, too much like a jury box. Feather River Project Faces Trouble In House By JAMES C. ANDERSON United Press Staff Correspondent SACRAMENTO (UP) The Feather River Project is in trou ble again in the Legislature, In the past two sessions, it was the Assembly that kicked up the most fuss about voting funds for the billion and a half dollar project. This time H Is a group of senators who sometimes call themselves "the river rats" who are balking at spending addition ai minions on the FRP. Gov. Goodwin J. Knight's bud get contains a request for only six million dollars to continue planning on the FRP and its re lated features including the North Bay Aqueduct. But Knight also has asked for an additional 72 millions to com plete acquisition of all the neces sary land near Oroville in Butte County, plus acquire sites for va rlous canals and aqueducts and actually build both the North and south Bay aqueducts. Before the Legislature adjourn ed Thursday for a three-day weekend, the Senate group flex ed its muscles for the first time and effectively blocked any action In the finance Committee to vote funds for the FRP. The river rats a name one of the senators himself pinned on his group Includes possibly as few as 12 members of the upper house and maybe as many as 20 They need only 14 votes to stop an appropriation measure in the upper house or to kill any pro posed constitutional amendment on water rights. Their reasons for objecting to voting actual construction money for the FRP are numerous and complex. They include worries that the FRP or any other project which moves water from the north to Southern California provides no benefits for the areas of trans mission through which the water would flow. In the case of the river rats, this means the San Joaquin - Sacramento Delta area the hub of water distribution in Northern California. They also fear that northern areas where the water originates are unprotected under present law from recapturing the water they export in tunes of drought. Ihey don t want a bond Issue to finance the FRP or any other water export project because they leel taxpayers in their areas would be paying for a project of little or no benefit to themselves. Other reasons advanced by the group to explain their opposition to the Feather development are contentions that the north-central area needs all Uie water it can get and the FRP should stop at the Tehachapi Mountains and not serve Southern California; that it would be cheaper for the federal government to build the project than lor the state to commit its resources; that the FRP should be built as a flood control project initially to protect the Marysville- yuba city area from another dis astrous flood. To all those reasons has been' added a new element in recent weeks the contention by some California Weather By UNITED PRESS San Francisco Bay Region: Fair this morning, cloudy this after noon with rain beginning late in day and continuing tonight; show ers Saturday; not so cold tonight; high today 59: low tonight 45-50; west or southwest winds 15-25 p h. this afternoon and evening, then northwest 15-30 m.p.h, through Saturday; rain probability per ceni today. 90 per cent tonight and 70 per cent Saturday. Northern California: Rain be ginning extreme north this morn ing and spreading to most of area north of San Francisco and Lake Tahoe by evening and over entire area tonight with snow in moun tains; variable cloudiness other wise today; showers Saturday not so cold tonight: coastal winds west or southwest 15-30 m.p.h. San Francisco northward today and early tonight becoming northwest 30 m.p.h. late tonight and Sat rday; west or northwest winds 22 m.p.h. elsewhere increasing 1: in ... U 1 tti-W ill. u. 11. CIUII IHHV. nil. anasia-S! S K 1 v 0 u area: Cloudy today with snow beginning oy aiiernoon and continuing inter mittently through Saturday; cold er Saturday. Sacramento Valley: Fair this morning, cloudy this afternoon with rain extreme north late in dav spreading to entire valley tonicht showers Saturday; not so cold to- ght; high both days 54-81: low tonight 45-50; variable winds 10- m.p.h. Northwestern California: In creasing cloudiness today with rain in extreme north by afternoon spreading to entire area late to day and continuing intermittentlv tonight: showers Saturday; not si) cold tonight: high todav and Inn- tonight Napa 58-44, Vkioh 56-44. Santa Rosa 80-45: coastal winds west or southwest 15-30 m.p.h. be coming wesi or northwest 15-30 p.h. late tonight and Saturday. Compter Selection! HOBBY SUPPLIES Airplanes Railroads Beodi Copper Tooling Painf-by-Numberi NEW! COPPIR tnamtlinf ! FLEET'S 222 U. 7r Mi. 4-5S20 HERALD AND NEWS. KLAMATH FALLS. OREGON senators uiai 11 might be more feasible to develop the Eel River on the North Coast as an export project lor southern California, leaving uie Feather as a project to benefit the San Joaquin Valley ana nay rtegion. Unless the position of the Sen ate group changes in the next few weeks, II poses a threat Knight 1 program for continued work on the FRP and to the hopes 01 a large group of Southern Call lornia legislator! that the Feath er River Project will continue to roll lull speed ahead during the next year. 'Old Friend', Mamie Chat PHOENIX. Aril. to - "She'i real nice lady," said Barbara Ann Kendrick. 12. after a telephone cnat witn her friend Mrs. Mamie Eisenhower. Barbara Ann talked with the President's wife last night, renew ing an acquaintance begun five years ago hi Denver when the lit tie girl met the First Lady as a representative of the Brownie scouts of America. Barbara's father, the Rev. A Kendrick, is pastor of the First institutional Baptist Church Phoenix. The girl said Mrs. Eisenhower remembered her and "asked me to say hello to all my school mates" in the Booker T. Washing- ion acnooi. Mrs. Elsenhower, va cationing at a Phoenix health and beauty resort, was a little disap pointed in the weather, Barbara Ann added, but was enjoying her vacation. Man Arrested For Shooting A 37-year-old Chilonuin man Is being held in the county iail in connection with the late Thursday afternoon shooting of his wife at tneir (Jhiloquin home. nose rarton, about 37, is re ported in fair condition at t h e Klamath Valley Hospital where sne is being treated for gunshot wounas in me nip region. Deputy Sheriff Alvie Younnblood said the shooting followed a quar rel between the couple, during which Parton was locked out of the house. xoungoiood said the man was standing outside the home and tired a .300 Savage rifle slug through the door. His wife was standing against the door and was struck in the hip. Effect Of Planes On Cows Studied EAST LANSING. Mich. I uocs the roar oi jet planes dis turb the cows mildly munching green grass Deiowv Michigan State University sci. entists are trying to find out. . w. onyner, msu dairy re searcher, said milk production data is being collected from farm areas near several Michigan jet plane bases. By comparing rate of production with the number of jet nights a day it is hoped to set some indication of the iniDact nf me noise on ine cows. Snyder said some cattlemen have complained about noise af fecting production. KF Clubs Slate Dinner Meeting There will be a joint dinner meeting of members of Quota Club of Klamath County, the Soroo- timlst Club and Business and Pro- tessional Women at the Willard Hotel on Monday evening, March iu, siarting with a social hour at 30. Dinner will be served at 7:30. The Quota Club is hostess at this year s annual joint meeting. everything is up to date in Klamath Falls" is the them of me meeting. Guest speaker will be airs. Josephine Kittredge. ACHIEVEMENTS REPORTED TOKYO (UP)-Communist Chi na reported today it has "in the main completed with Soviet as sistance" a 7,000 kilowatt atomic reactor, "the biggest in Asia." and a 25.000.000 volt cvclotron. The New China New! Agency dis- ciosea me intormation In a report on Communist Chinese achieve. ments in science durinf 1957. It also reported discovery of new deposits of rich coal, iron ore, oil. manganese, copper, lead, sine, aluminum and molybdenum. WHEN IT'S K4lf P YOUR MOVE Coll TU 4-7425 er TU 4-7498 PEOPLE'S WAREHOUSE Loco I and Long Distance Moving y lPrintd, Courteous Mover With Modern Equipment Storage . . . Crating . . . Packing FREE ESTIMATES Agents For Beklnt Moving And Storage Co. NATIONWIDE MOVING Demos Seek Money Club SACRAMENTO. Calif. (.fl-Some California Democrats in search of a winner have coma up with a donation-of-the-month idea to bring in campaign dollars. It s the 125.000 Club. Members sign to chip in $25 a month. Sponsors are aiming for 1.000 of these political angles gooa tor $25,000 a month or $300, 000 a year. You don't eet a bonus. a vnn do from the book clubs. But there is a gold-plated membership card. Mate sen. Hugh M. Burns of Fresno, a member of the advisory board, says the money will be ap portioned among selected party nominees. It won't go to just any one. Support will be limited to those who have a good chance of winning and can't raise funds oth erwise. Republicans, who have relied on the United Republican Finance Committee for their campaign cash for years, have remained silent on the new democratic rival. One political commentator calls the 25,000 Club "the greatest de-' vice since Tammany Hall." "Even that political organiza tion didn't have a gold-plated, en graved membership card as a gimmick," wrote the Sacramento union s "Don Politico. curns. nrst uemocratic Dresi- dent pro tern of the State Senate since 1889, was asked whether the cards would entitle the holders to any special favors if the Demo crats capture the state in Novem ber. "We are making no promises to anyone, he said. Black Market Records Boom MOSCOW OH - The black mar ket is doing a booming business peddling phonograph records to music-hungry Russians. One newspaper advised the state-owned record company to 1) turn out more records. - (2) increase the output of light music for the younger set, and (3) dis tribute some fresh recordings of the classics Instead of releasing versions recorded years ago. Black marketeers have taken to making their own records, tran scribed from foreign platters which find their way . into the Soviet Union, or from pickups of foreign broadcasts. They turn them out on a large scale, and have no difficulty in finding eager buyers. The Soviet teen-ager will snap up anything he can of "cool jazz or rock n roll. But not only "pop" stuff sells like hotcakes on the black mar ket. Composer Vano Moradele, writing in the newspaper Even ing Moscow, listed an imposing number of classics ranging from Ravel's "Bolero" to Shosta kovich's Eighth Symphony which are not available on the open market. The Soviet Union does not press enough copies of the classics to satisfy the public s demands. And when a batch of recordings of a classic is sold out, It takes as much as two years before another pressing is made available. Auto, Train Hit; Six Die YUCCA. Ariz. UbA Navajo In dian couple and their four chil dren were killed last night when passenger tram smashed into their pickup truck at a twilight darkened crossing. Sheriff's Deputy Todd Long said the Chicago-to-Los Angeles Sante Fe Chief hit the truck broad side and pushed it lor about a mile down. Long said the truck, which was demolished by the impact, was topped at the crossing but that he didn't know why. He identified the dead as Dale Nelson. 29, a Santa Fe section hand; his wife Elsie. 23: two sons Timson, 7, and David, S, and two daughters, Helen, 8, and Sarah, 1. The family lived at Powell crossing where (he accident oc curred. None of the train passengers ere injured. . The deputy estimated the train as traveling between 90 ..and 100 .p.h. PTA PROGRAM MONTAGUE "Gaslight Gaieties Montague PTA s spring pro duction, will be presented in the Montague auditorium, Friday and Saturday nights, March 7 and 8, curtain time 8 o'clock. The fast moving program will feature 16 acts, including songs and dances the Gay Nineties manner and costume with approximately 35 adults participating. 'Sinct 1918" UTTU JIMMY DICKENS AND HIS COUNTRY BOYS have been featured artisfs on the Grand OI Opry from Nashville, Tennessee, and will be the headline attraction of the show and danca with many Grand Ole Opry .performers at the Old Armory, 8 o'clock Satur day night, March 8. Others on the program are Miss Honey Hayes, Stonewall Jackson, Buddy Emmondi, and Jimmy Dupree and his Dixie Rockers. The two-hour show will also feature old-time fiddlers, comedians, banjo pickers, dancers and vocalists. A dance will start right after the conclusion of the show, which is a Baldy Evans presentation. Oregon Weather Eastern Oreeon Scattered showers with occasional snow Fri day night; partly cloudy Satur day; little temperature change. Highs 44-52; low Friday night 20-30. Western Oregon Mostly cloudv Friday night; occasional showers Saturday with brief periods of partial clearing; little change in temperature. Highs 46-54; low Fri day night 34-40. Westerly to north westerly coastal winds, 15-30 m.p.h. Northern Oregon beaches uccasional showers and sunny periods Saturday. Temperature range 34-48. Southwesterly beach winds, 8-18 m.p.h. Grants Pass and vicinity Partly cloudy with scattered showers through Saturday; snow showers in mountains. Low Friday night 30-35; high Saturday 42-48. Baker and vicinity P a r 1 1 v cloudy with scattered snow flur ries through Saturday. Low Fridav nignt ih-28; high Saturday 36-43, Control Tower Project Halted Lt. Col. Raymond A. Thornton. Kingsley Field commander, an nounced Friday that construction of the new control tower will be delayed "more than 25 days" while a study is underway to determine exact location of a new site. Construction had already begun at one end of the airstrip when Civil Aeronautics Administration officials ordered that construction be stopped. The CAA said that the new lo cation would provide increased control over air traffic, and added that the control tower will be nearer the north-south runway. The Kinsley Field commander said that these findings were made during a meeting between Air Force representatives and mem bers of the CAA Thursday. Thorn ton added that construction will begin after detailed instructions on the new site are given to the con tractor. Ski Club Plans Racing Event LAKEVIEW The annual race of the Fremont Hilanders Ski Club will be held Sunday, March beginning at 12:30, according to announcement by the Rev. David St. George, president of the group. Kaces are scheduled for men s and women's open class, super- junior class and juniors. There will also be a novelty feature for men over 30. Clair Smith is race chairman. Skiers from other areas who wish to register can call Jim How ard at Whitehall 7-2141. Registra tions should be in before 11 a.m. Sunday. - The annual ski club banquet will be held at Van's at 6:30, Sunday evening. THREAT CHARGE Charles Martin, 22-vear-oId Klamath Falls man, is being held in the Klamath Countv Jail n charges of threatening to commit a felony. He was arrested late Thursday afternoon by Sheriff Murray Britton and reportedly threatened violence to his children and himself followinff dnmostic Hif. ficulties. This KATHY Phone TU 4-4536 ml NOTICE A new night-drop has been In stalled In the door opening off the Herald and News parking lot for the convenience of those who have material that nec essarily has to reach the news paper after hours. 4 MRS. SARAH WALES Sarah Wales Last Rites Set Funeral services for Mrs. Sarah Mabel Wales, wife of William L. wales sr., who died March 5 at the family home, will be held at 10:30 a.m. Saturday, March 8, from the chapel of Ward's Klam ath Funeral Home with the Rev. Robert Green, rector of St. Paul's Episcopal Church, officiating. Fi nal rites and interment will be in Klamath Memorial Park. Active pallbearers will be Llovd Gift, Stanley Johnson, John R. Holzgang, Archie D. Corzatt, Al fred5 D. Collier and Edwin J. Boothby. Honorary pallbearers are Fred D. Fletcher, Corner Jones. Dr. L. D. Gass and John C. Va. don. Friends may make contribu tions to the Heart Fund through Robert Mason, Town and Coun try Branch, U.S. National Bank of Portland. The Winner John Strubel 1492 Lakeshore Drive Estimated that there are 2555 Holes in One Panel of Armstrong Acoustical Tile We Wish to Take This Opportunity to Thank All Those Who Participated Basin Building Materials 4784 So. 61 h CA WILL BE OPEN Saturday Night Dancing To The Music Of and "TUT" HALAAS WE CATER TO PARTIES FRIDAY. MARCH 7, 195R Youths Leave For Confab Four delegates representing the Klamath County YMCA left Fri day morning for Eugene to attend the 33rd annual meeting of the Pacific Northwest Area Council. The meeting will end Sunday. Theme of the meeting will be "The YMCA Future in Your Com munity." Making the trip were Lyle Kell- strom, president; Jack Douglass, secretary; Bill DePew, treasurer and Paul Campbell, executive sec retary. Also expected to attend the meeting Saturday is Sam Ray mond, president of the local Y's Men's Club. Presiding at the meetine will be Dr. William C. Jones, president of the Northwest Area Council. Top leaders at the conference will in clude Dr. Herbert P. Lansdale, general secretary of the National Council of YMCA's; Domingo Bas- cara, national general secretary of tne r'nunpine YMCA, and other representatives from Alaska, Washington, Idaho. Montana and Oregon. Pet Phone TU 2-2563 I ' f -A.