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