Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (May 20, 1958)
TUESDAY, MAY 20, 1958 HERALD AND NEWS, KLAMATH FALLS, OREGON PAGE SEVEN Bright Spot In Financial Picture Is Wall Street NEW YORK lUPi-Wall Street which has been looking all around lnr recovery spots, missed one right at the tip ol its own fig urative nose. That bright spot is Wall Street itself. There are two reasons coming from the stock market. Trading is up nearly 10 per cent com pared with last year, and second ly, commissions arc higher. These two make for higher in come for the brokerage houses which have trimmed down their overhead costs. Also the market for new issues has been humming along at a pood cup and that, too, helps with van streets income, ihe new issues get "sticky" once in while, but market men say if they're priced right they sell readily. CITY BRIEFS C of C Cites Folder Needs Klamalh Falls needs a new and better travel folder to attract tourists to this area, a chamber of commerce group unanimously agreed yesterday. The Tourisi and Convention Committee also agreed that the new brochure should contain color photos and that this area's fish ing opportunities should be strong ly stressed. The group, chairmanned by Charles Schuss, heard a report from Walter A. Mclntyre on how Klamath Falls was represented at the giant Los Angeles Sportsman s Show, which just ended a 10 - day run. Mclntyre said some 304.000 people attended and he estimated that about 70 per cent of them got around to seeing the two booths jointly operated by a number of Oregon cities, including Klamath tails. Although such shows are about the best way to sell vacation are as to tourists, Mclntyre said, this city's literature definitely needs Improvement so that the greatest amount of good can accrue. Mclntyre recommended the new literature be ready in time for next year s Los Angeles show, which comes off in April, if it is decided to enter it. The committee discussed t h e possibility of Klamath Falls hav ing its own booth at this and per haps other shows. Leo Morstad of the chamber was also in attendance at Los Angeles with Mclntyre. The street isn't resounding with cheers even if business is good. The problem is. will it stay good. it it doesn t the financial com munityalways a feast or famine economy will go back to famine days. This is why the Wall Street houses aren't building up giant stalls because business is good There's more efficiency, lighter working schedules, close economy. Hence, if the year foes along at a fast clip, there'll be a good prospect for bonuses for the em ployes. The picking in bonuses were mighty slim at the 1957 year-end. Right now, market experts say tht list looks tired, and many of .them wonder ft the market can hold up. They are particularly orried over the recent strength the so-called cyclical stocks hih Standard & Poor's says could easily turn out to be a Wiremature policy of general bull ishness. However, the statisticians just couldn't resist projecting the 'sales olume for the remainder of 19j8. They took the volume for a week ago when the daily aver se sales amounted to 2.820,762 shares,. On that basis for the re maining 156 trading days, the total transactions for 1958 would come to 6ii2,252.932 shares. And that total would be the best for any year since 1930 when the volume was 810.632.546 -hares. There were only two ears bigger than the 1930 total- hen sales crossed a billion shares, and 1928. The 662 million plus shares projected for 1958 by the pencil pushers is only 14 per cent of the 852 million shares listed, lhat would be the best only since 1954 when the turnover was 19 per ent of the ten 2,927 million listed shares. Back in 1930 when the average of shares listed totaled 1,212.238.- 4 shares, the turnover was 67 per cent, in 1929 wnen sales totaled 1,124,800.410 shares, the urnover was 119 per cent of the M2.492.073 average shares listed. And if you want to look at some real turnover figures go back to 1901 when sales of a mere 222.124,065 shares represented a urnover of 319 per cent of the 69.627,746 shares average listings. To equal the 1901 turnover. daily sales now would have to average 61,177,390 shares. Carnation Club will meet at the home of Ruby McDaniels, 4342 Summers Lane. Wednesday eve ning, May 21, at 7:30. Service Pay Bill Sinned WASHINGTON W President Eisenhower signed legislation Tuesdav boosting military pay with the aim of making career service more attractive. The first year cost is figured at half a billion dollars. The increases, effective for pay rolls next month, would go to most persons on active duty in the Air Force, Army, Navy and Marines with more than two years service Draftees and young officers in their initial required duty tours would get no increase, but boosts in the base pay range from $599 a monlh for the five members of the Joint Chiefs of Staff down to $6.20 additional for some privates and apprentice seamen. Reservists on active duty or tak Ing periodic training would share in the increases. Retired military personnel would net a flat 6 per cent cost of living increase, except for retired three and four-star generals wno wouia cot larger increases. The increases also apply to uni formed members of the Coast Guard, the Public Health Service and the Coast and Geodetic Sur vev the military payroll already is above 10 billion dollars annually. The estimated increase for the first year is $576,438,000. or some 64 millions above the top amount recommended hy the Pentagon. The hope is (hat money will he saved in the long run by retaining men trained at great expense The new plan originated last vear with a nresidential commis sion headed hy President Ralph .1 Cordiner .Ir. of General hlec trie. The commission said a basic nav revision was needed to retain trained and skilled expqrts for the complex new weapons systems that ine hide nussi es. supersonic air craft and nuclear submarines President Eisenhower r e c o m mended a modification of the Cordiner plan early this year and this underwent numerous congrcs sional revisions before winning overwhelming approval. The House initially voled for in creases of more than 683 million dollars hut later accepted a hen- ate version scaling this (low somewhat. CONTRACTS SKNT DDRRIS Principal Ruel Fisher of Ihe Dorris Elementary School announced contracts for Ihe 1958 1959 school year have been given to Dorris grade school teachers. All but two are expected to return Fisher said that Hugh Yeats, mu sic director for both the grade school and Butte Valley High School, and William Russell, sixth grade teacher, have submitted their resignations efbetive at the Christian Women's Fellowship missionary meeting will be Thurs day, .May 22, at the First Christian Church. Business meeting at 11 a.m. Politick at noon. Election of officers after lunch. Devotionals at 1 p.m. All members and friends invited. 20-30's There will be a meeting of the 20-30 Club Tuesday eve ning at 7:30 at the Winema Hotel. Camera Club The Klamath Camera Club will meet Tuesday evening. May 20. at 8 o'clock up stairs at the county library. Pro gram consists of showing of scenic slides by Marjorie Paul and the selection of slides for the June PSA contest. Please bring glass mounted slides (or the judging. Lecture Jack McQuain, a rep resentative of Simpson Electrical Products Company, will present an educational film, lecture and dem onstration on the use and appli cation of Simpson volt amp watt ohm meters along with tempera ture registering equipment at OT1 campus theater this Friday, May 23, beginning at 7:30 p.m., accord ing to Ralph R. Fuller, president of RSES. All who are interested in electrical circuit testing equip ment are cordially invited. Coffee will be sewed. Ack-Aek Officers Two recent graduates of the 16-week antiair craft artillery officer basic course at the Army Air Defense bchool, Fort Bliss. Texas, were 2nd Lts Junior R. Davenport and Kenneth D. Wandell. Davenport, 26. son of Mr. and Mrs. Robert F. Daven port, 3730 Homedale Road, gradu ated from Klamath Union High School in 1951 and attended Ore gon State College. Wandell, 23, the son of Mr. and Mrs. Dean T Wandell, 3707 Bristol Street. He graduated from KU in 1952 and was employed by the Southern Pacific Railroad in civilian life Churches Start Annual Meeting EUGENE Wl The three-day annual meeting of the Congrega tional Conference of Oregon opened Monday evening at the First Congregational Church here The organization, which includes "i0 Congregational churches in the! state, will elect a new minister and superintendent Tuesday alter noon. The present superintendent. Dr. Paul A. Davies. Portland, will retire Jan. 1 after serving 15 years. Business at the meeting will in clude discussion of campaigns to establish new churches, to give more support to church-related colleges, and to obtain funds to employ a director of Christian education for the conterence. Speakers at the meeting include Dr. Truman Douglass, executive vice president of the board of home missions of Congregational Christian Churches: Dr. Stanley North, director of the board s division of church extension; and George B. Hastings, moderator of the denomination s national gen eral council. A. Sheehy, lives at 1866 Hope Street, attended Klamath Union High School. He entered the Army in January and completed basic training at Fort Ord. ANW Club Mrs. Charles Martin and Mrs. J. C. Hunt will be joint hostesses for the ANW Club Wed nesday. May 21, at 1 p.m. at the Crater Room in the Winema Hotel. Concert Word was received from Athena Lampropulos. who was the recipient of a Fulbright Scholarship for a second year, and who is now studying at the La Scala in Milan, that a concert was given May 19 for members of the United States Information Service and Embassy Officials Miss Lampropulos days arc completely occupied with study at La Scala and she is now in pro duction at the Theatre Piccolo. OTI Student Wives will meet Wednesday. May 21, at 7:30 p.m. at the Y Center on the campus. Mariorie Paul, public health nurse will show films on the behavior of children between the ages of 2 and 3. Food Sale There will be a baked food sale Thursday, May 22, at the Student Union Building on the OTI campus between 3 and 4 p.m., sponsored by the Student Wives Club. Proceeds go to the Y Center. Friendly Circle Club will meet for a noon pot'uck at the home of Mary Schbgel, 2865 Bisbee Street, May 22. Practice Tonight 7:30 for in stallation for all new officers of both the Eagles Aerie and the auxiliary and the drill team. Hammond-Aires spinet organ group members will meet Friday, May 23, at 8 p.m. at the Louis R. Mann Piano Company. Players Club Wednesday eve ning. May 21, 7:45, city library. No-hostess. Five tracts of timber containing nearly 10'i million board feet were sold for a total ol $251,376.80 by the Medford District of the Bureau of Land Management at oral auction .May 15. Mountain Fir Lumber Companv Five Timber Tracts Sold For $251,000 By Bureau Banker Predicts Population Hike LOS ANGELES Lit A banker says that if current trends contin ue California's population will ex ceed New York State's by 1963. This prediction was made by Conrad C. Jamison, vice president and manager of Security-First Na tional Bank's research department in addressing the llth annual con vention of the National Federation of Financial Analysis Societies Monday. Jamison said that from the 1950 census until mid-1957, population increased 29 per cent in the linited Males, 79 per cent in the 11 Western states, 102 per cent in Cal ilornia, 115 per cent in Southern California and 112 per cent in the Los Angeles metropolitan area UNDER ADVISEMENT The Klamath Union High School Board of Directors has taken un der advisement four bids for ex tending an irrigation line from the "A" Canal to the Ponderosa School site. The following bids with amounts were opened during a brief meeting Monday evening: Friesen-Welman. $927; Arthur Pat terson. $1,450; G. C. Motley. $2, 223; and Asphalt Paving. $1,033. of Grants Pass was the successful bidder for the only tract attract ing competitive bids. This tract contains an estimated 1.24S.0O0 board feet located near Suite Falls in Jackson County. Their bid was $20.50 per thousand board feet for the Douglas fir, lopping lour otner bidders. The total price was $22, 390.50 for the tract. The Robert Dollar Company of Glendalc bought an estimated 3,310,000 board feet on a tract near Ninemile lookout at the junction of Douglas and Curry counties. Price was $18.60 per thousand for Douglas fir and $35.55 lor sugar pine. Bate Lumber Company of Merlin bought an estimated 3.638.000 board feet located on Stratton Creek and an estimated 1,534.000 located along the Peavine Lookout Soldier Camp Road, both in Jose phine County. Prices or the tirsl tract were $20 90 per thousand for Douglas fir. $36. (to for ponderosa pine, and $40.3o lor sugar pine. The second tract brought $36.60 for Ihe sugar pine of which it was mostly composed, $19.75 for the Douglas fir, and $28.25 for the ponderosa pine. The lust tract, bought by Harry Steward of Wolf Creek, included an estimated 694.000 board feet of Douglas fir ($15,901 and sugar pine '$29,601, located on the right-of-way of the proposed extension of ti"lT" T)i"" 'V the Kelsey-Mule Creek access road in northeast Curry County. The tract that received no bids contains an estimated 8,004.000 board feet, located near Cold Springs in northeast Curry County. I Ins tract, under the regulations. will remain open for bids for an additional 90 days. The next sale planned by the i M i-cl I ord District of the Bureau has been advertised for May 29, when five tracts containing an estimated 7,681,000 board feet, appraised at S624.844.10. will be offered. One of these tracts is near Pinehurst in southeast Jackson County. Three others are located in the Galice area of Josephine County, and the last is on Ditch Creek in northwest Jackson County. Five more tracts containing an estimated 26.246.000 board feet ap praised at $509,867.75 have been advertised for sale on June 12. Two of these tracts are located in the Dead Indian area of Jackson County, and one is on the Butte Falls-Prospect Road in Jackson County. Another is in the Galice area of Josephine County and the fifth is on Cow Creek near Glendale in Douglas County. Door Prizes Sat., May 24th Standard Feed Stora Information regarding the pro posed sales, or the two tract! which, having received no bids at the regular sale, are available at present, may be secured at the office of the district manager in the Medford City Hall. West Coast Intercolleqiate Finals RODEO Klamath Falls FAIRGROUNDS May 24 -25 -1 P.M. Don't mlu II! Col true conteit attti from California. Idaho. Waihlnuton. Oregon and Arl form Put ft on your entertain oi ent calender rlHht nowl Tickets Available at O.T.I. Ph. TU 2-3466 rtcketi: SI. OO general arim. 12. (H) reserved. 2 50 box. Chil 1ren under 13 free with parent As flavorful a bourbon ever graced your Complete Course Pvt. John B. McColgin, 20, son of Mr. and Mrs. Clarence W. Campbell, 2146 Dar row Avenue, recently completed a panel bridge construction course with the 511th Engineer Com pany at Fort Campbell, Kentucky. A 1957 graduate of Klamath Union High School, McColgin entered the Army las December and went through basic training at Fort Ord. Also completing the panel bridge course was Pvt. James A. Corn- well, San Francisco, son of Mrs. Fistrid Josephine Larka, 5002 Al- tamont Drive. Assigned Pvt. Eugene R. Cor nett, 17, son of Clarence E. Cor nett, 2942 Laverne Street, recently was assigned as a rocket launcher crewman, to Battery A, 509th An tiaircraft Artillery Missile Battali on. Coraonolis. Pennsylvania. Cor- nett. whose mother, Mrs. Mildred Actress' Hubby Settles Suit HOLLYWOOD Wl Rhonda Fleming's husband Dr. Lewis V. Morrill paid $1,000 to settle a $20,000 battery suit. The action was brought against the film star's husband by John R. Maguire, 33, once a tenant in an apartment owned by Mor rill. The suit was settled yester day after the trial began. Maguire said that the 40-ycar-old surgeon threw him to the floor in an argument last year over Morrill's right to inspect Maguire's apartment. Morrill con tended he acted only in self-defense. Month End Clearance To Attend Celebration Felis- berto Laurence, Merrill, in Klam ath Falls Monday, is making plans to attend the annual Pentacostal celebration for Portugese to be held Sunday, May 25, near Yreka. There will be a street procession at 10 a.m. daylight savings time headed by the Yreka High School Band and High Mass in the Catho lic Church. There will be an auc tion sale and dance in the after noon. Elected Gaynor Huck, Klamalh Falls, has been named second vice president of the student body of Southern Oregon College, Ashland. Regular Meeting of the Klam ath Stamp and Coin Club will he held in the YMCA building, 722 Pine Street, 8 p.m. Wednesday. May 21. Invited University of Oregon Mothers silver tea and style show at the home of Mrs. Greer Drew, 2041 Van Ness Avenue, Wednes day, May 21, 3:30 to 5:30 p.m. The Bon Bazaar will put on Ihe style show. NEW AND REBUILT VACUUM CLEANERS WHILE THEY LAST!! REBUILT KIRBY VACUUM CLEANER NEW WESTINGHOUSE Made! SC-1 23 tyeaM Ap Monday, Moy 20, 1935 The Eostern Stor Sociol club met for dessert bridge Friday afternoon in the parlors of the Ma sonic temple. The hosress committee was composed of Mrs. Merle West, Mrs. E. M. Chilcote, Mrs. L. B. Hopkins and Mrs Sue Roberts. High score in bridge for the afternoon went to Mrs. Wolter West, and second high to Mrs. Phyllis Poole. Tuesday, May 21, 1935 Robert R,iggs, Jr., who will be 8 years old next month, cought a trout in the Upper Lake Sun day that meosured twenty-nine inches. The boy had a little help from Bob, Sr., in getting his catch into the canoe, but otherwise handled the big fellow alone. Wednesday, Moy 22, 1935 Ms. A. J. Voye, local musicion and teacher, will be in charge of the Thursday noon program ot the Pelicon theotre in commemorotton of Notional Music week. These concerts will be presented doily throughout the week. Thursday, Moy '23, 1935 The Leogue of Women Voters will hold its finol meeting for the year on Friday morning ot 11:00 o'clock in the club rooms of the Klamath Falls library, according to an announcement from Mrs. E. A. Geary, presi dent. Friday, May 24, 1935 Mrs. Bryant Williams has been op pointed to handle the information desk ot the chamber of commerce during the summer months. Mrs. Williams held this job some time ogo. Saturday, Moy 25, 1935 Mr. ond Mrs. Harry Boivin spent the week epd at Rocky Point. Insure With- THE cuuhif Go.. O People Read SPOT ADS - you are FIRE LIABILITY Paul O. Landry '' V. T. Johnion 419 Main Streer Ph. TU 2-2S26 AUTO PROPERTY Stork'! Rebuilt ELECTROLUX, mod. 30 KENMORE Tank Model Hi. 722-1. Reconditioned REBUILT HOOVER Upright, mod. 26 COME IN TODAY OR CALL TU 4-7193 39-95 29.95 19.95 19.95 24.95 NEW LEWYT Model 88 Originally 79.95 - 39.95 Vacuum Cleaner . RENTALS $1.00 per week NEW GEN. ELECTRIC Model -R-I floor sample, was 69 95 - - - 39.95 NEW HOOVER Model 95 Original 124.95 79.95 122 So-urh 9th EVERY DROP IS YEARS OLD Taste 7-year-old Crab Orchard. "Ah," you'll say, "that's what I call good bourbon!" Aged and mel lowed to a smooth luxury of flavor, Crab Orchard is made for people who want honest bourbon and honest value. Try it. . . ' CfcoJb Otch&tiid STRAIGHT BOURBON WHISKEY NATIONAL DISTILLERS PRODUCTS COMPANY 86 PROOF NEW YORK, NEW YORK wheel... tWinafeel! VU -iin 1 v r-1' ' m .- .... . p -5SV7 ' ' it'i'i r f ". (V ' ..Sg" ..w-rfK.- ..". I .... ..... i Pi, ir1 You spend a lot of time in your car driving to work, shopping, taking trips. How your rar raton on the road is important to you. So all we ask before you invest in a new car is this: Come in and take a "road rate" drive in a Swept-Wing 58 Dodge, finally compare it thoroughly on every count. We honestly believe it rides better, handles easier, responds quicker than any other car you've ever driven. But we'll leave the verdict entirely up to you. You lie the judge. 39- YOU BE THE JUDGE! THINGS TO NOTICE IN THE SWEPT-WING 58: Tht feel behind the wheel You fsl different becouw you lit dieritntly. Low onH inup and secure, completely in con frol, olmoit o part of the car. The view around you The glan area il tremendoul. The viiitwlity il outstand ing in every direction front, iidei, rear. Tht tatt of puth-button driving Once you try Dodge Puih-Buttnrt TorqueFhta you'll never happy with outmoded lever typs Ladies love it. A ride thof' a glide The' s no swoy on curves, no dip at stopv Toruon-Aire it itandord equipment, too. Thit power fleering It different No power steering is lite Dodge power steering. It works full lim, yet leaves you the feel of the road. Hortepower and itopping power You get up to 3?0 hp. You get new-deugn Total-Contoct Brake. SWEPT-WING 58 CUNNINGHAM & RICKEY MOTORS 677 South 7th Street
