THURSDAY, MAY 29.195B
HERALD AND NEWS, KLAMATH FALLS, OREGON
PAGE TVfTi
Court Locked
In Dispute
Klamath County Court Wednes
day was still pre-occupied with a
dispute which has arisen over pro
posed vacation of a portion of
Midland Townsite, eight miles
south of here.
Charles Bennett, a landowner in
the area, has asked for the vaca
tion of the land, which in effect
would change its tax status
from lots and blocks to lower -taxed
farm land.
The court on May 7 granted the
vacation, but last Wednesday this
action was protested by four oth
er adjacent owners.
Their contention, later substan
tiated by District Attorney Arthur
Beddoe, was that owners adjacent
to the land proposed for vacation
must give unanimous consent.
Such consent had not been obtained
and the board last week rescinded
its vacation order and requested
the district attorney to investigate.
At a continued hearing yester
day, adjacent owners contended
they would not have access to
their property if the land were
vacated, since no areas would then
have to be reserved for roads.
Beddoe said he will submit a
report to the county court. Mean
while, no decision on the vacation
has been made. The district attor
ney said the owners involved may
have to get together on trades
or compromises for the proposed
vacation to be effected.
At yesterday's meeting a side
issue arose involving ownership of
land in the same Midland area.
Beddoe said Bennet claims to
have paid taxes on three parcels
since 1948. However, the official
declared, an investigation showed
the parcels in question were fore
closed on by the county in 1953
for non-payment of taxes and sold
to Raymond Gray in that year.
Gray has paid taxes on. the parcels
since that time, Beddoe said he
has learned.
CITY BRIEFS
Indian Bureau
Sets Land Sale
The Bureau of Indian Affairs
completed plans recently for the
last sale of Indian allotted lands
prior to the beginning of termina
tion activity of the reservation.
The final land sale is scheduled
for 2 p.m. Tuesday, June 3, at the
Klamath Agency office.
This final sale will offer 57 par
cels of land to highest bidders,
providing their bid is equal to or
in excess of the appraised value of
such property. '
The majority of the tracts are
160 acres or less, and are classi
fied as timbered, grazing or farm
land.
Prospective bidders can secure
complete listing of the lands to
be sold by contacting the Bureau
of Indian Affairs office at Klam
ath Agency.
4-H NEWS
BIG SPRINGS 4-H CLUB
MONTAGUE Bill Ruddiman,
Siskiyou County 4-H farm adviser
appeared as guest speaker before
the members of the Big bpnngs
4-H Club at the May 21 meeting
of the group at the Big Spring!
Community Hall.
Phil Zediker, president, con
ducted the business session at
which time it was decided for the
club to visit, each member's home
and view their products. As
community project, the club de
cided to paint direction signs for
the Big Springs area.
Ruddiman showed films on the
American cowboy, and taped re
cordings of interviews with several
club members.
JUNIOR BRONCS
The Junior Broncs met May 13
at Sally Read s home. The meet
ing was opened with the flag
pledge and the 4-H pledge.
The club members went on a
ride with the Sheriff's Posse May
4. that took the riders back of
Hog Back Mountain. Picnic lunch
was brought and' everyone had a
wonderful time.
Mrs. Woodard measured each
member oresent for shirt size. The
uniform shirts are to be made
soon.
After adjournment, Mrs. Read
served refreshments.
Jennifer Hummel
News Reporter.
Zullema Nile Club will meet
Wednesday. June 4 at 1 p.m., at
the Willard Hotel for luncheon.
Out of town members call Madge
McLaren, TU 4-4439 for reservations.
Dance Enlisted Men's Wives.
Kingsley Field, are sponsoring a
dance open to the public at
Reames Golf and Country Club,
30 p.m. to 1 a.m., Saturday,
May 31. Tickets, 50 cents per per
son will be sold at the door.
Away M.Sgt. and Mrs. Alvin G.
Hudson, Kingsley Field, are spend
ing this weekend in the Rogue
River Valley fishing. They are
former residents of Medford.
St. Paul's Episcopal Church
Memorial Day masses, 7 a.m. and
10 a.m.
An Invitation to the public to
attend a public installation is ex
tended by honored queen elect
Carolyn Hunt and master coun
cilor elect Burrell Gober. The pub
lic installation of officers of Hen
ley Bethel No. 51 International
Order of Job s Daughters and Lost
River Chapter, Order of DeMolay
on Saturday, May 31, at 7:30 p.m.
in the Henley Elementary School
gym. Refreshments.
Square Dancers are invited
to dance to Buzz Brown of San
Diego, Tuesday, June 3, 8 p.m. at
the South Sixth Street Community
Hall.
Practice for installation of Hen
ley Bethel No. 51, International Or
der of Job's Daughters, officers
and choir at 1:30 p.m. Saturday,
May 31. Pictures of Bethel No. 51
officers and choir and Lost River
Chapter, Order of DeMolay offi
cers, are to be taken at 7 p.m.
Saturday, May 31 before the instal
lation. Practice, pictures and in
stallation will all be at the Henley
Elementary School gym. Please
by prompt.
Ill Mrs. C. I. McCandliss, 1115
Donald Street, has returned home
from Klamath Valley Hospital
where she has been critically ill.
Improving Jess Johnson, Hen
ley, is in Hillside Hospital for
medical treatment. He will be
there for another week.
Visitor Mrs. Carroll Nettleton.
Bandon, Oregon, wife of the Oregon
state liquor inspector, was present
for the graduation of her niece,
Rosemary Spetz from Klamath
Union High School. Mrs. Nettle-
ton, sister of Mrs. Gustav Spetz,
arrived by West Coast Airlines.
ers 18 and nine hole players as
well as bridge players are invited
Members planning to attend should
call Jerry Farley at TU 4-4474 or
Clark Good at TU 4-7446 by Satur
day, May 31.
All Golfers of Reames are in
vited to participate in the first
mixed two-ball foursome to be held
Memorial Day afternoon at the lo
cal course. A 2 p.m. starting time
is scheduled.
To Sing The Roosevelt School
Chorus will sing tonight, May 29,
on KOTI-TV at 5:30 p.m.
Property Tax
Revise Seen
Wall Street Expert Sees Bull Market Until 1962
Bible School A vacation Bible
school will be held at the Klamath
Lutheran Church. 1175 Crescent
Street, between June 2-13. The
hours will be 9 a.m. to 11:30 a.m.
Monday through Friday. All chil
dren 5 years or older are invited
to attend.
Rummage Sale The Church of
God will hold a rummage sale
in the Pelican Theater Building
Saturday, May 31, from 10 a.m.
to 5 p.m. Coffee and cake will oe
served for 15 cents.
Women Golfers of Reames are
reminded of the Bend Golf Club an
nual guest day to be held Wed
nesday, June 4, at Bend. All golf-
Property tax assessments or
downtown properties might be ad
justed either upward or down
ward for fiscal '58-'59 taxing pur
poses, it was learned Wednesday.
The Klamath County Board of
Equalization, meeting in the court
house, has taken under advisement
a survey of property valuations
made by the State Tax Commis
sion at the board's request.
On hand to present the survey
yesterday was T. S. Cady, an ur-l
ban supervisor for the commission.
The survey was made in recent
weeks and reportedly reflects cur
rent market values of downtown
properties. Assessed values, on
which property taxes are based,
are determined from market values.
If the equalization board should
re-assess values up or down, it
would necessarily change the as
sessments already set by Clyde
Caldwell, county assessor. The
board's authority supersedes that
of the assessor.
Properties surveyed by the tax
commission include those on Main
Street, South Sixth Street and oth
er downtown areas.
In order to study the survey-
completely before acting, the
equalization board has requested
from the tax commission addition'
al time to deliberate on assess
ments.
Originally, the board was to
have changed or approved Cald
well's assessments by this week
end. It s new deadline will now be
June 7. It can obtain another ex
tension beyond that, if it desires.
If after the board's action on a
particular assessment, the prop
erty owner feels he has been treat
ed unfairly, he may appeal to the
State Tax Commission. If the com
mission upholds the county equali
zation board, the owner may fur
ther appeal to the circuit court
By ELMER C. WALZER
LPI Financial Editor
NEW YORK (UPII-A leading
Wall Street expert holds that we
still are in a bull market and
that it will last until 12 which
in his reckoning would make if
20-year bull movement, the
longest in history.
That expert is Arthur Wiesen
oerger, head of the stock ex
change firm that bears his name
He believes that one can re
duce cash holdings now by pur
chasing common stocks. Last
July he recommended a 70 per
cent invested, 30 per cent liquid
position. Now he would cut the
cash down by one third and buy
more stocks.
As Wiesenberger calculates the
bull market, it started on April
28, 1942 when the Dow-Jones in
dustrial average closed at 92.92.
It hasn't gone down to anywhere
near that level since, and hence
the argument would seem to hold
that the bull market still is in
progress.
Other calculations have brought
out several bull and bear mar
kets since that date and some of
them say we currently are in a
bear market.
But most of the experts agree
with his thesis on bull market
phases:
Every long Dull mantel com
prises three phases: (1) recovery
from the fear and panic ot the
previous decline: z a tunner
recovery ana extension ot siock
prices, based upon solid business
improvement and resultant earn
ings and dividend expansion; and
3) a further great rise that
feeds upon inflation and a con
fident rosy view of the future. It
is this last rise which sows the
seeds for the subsequent inevita
ble whirlwind.
He sees no signs of this bull
market ending.
We date the beginning of this
market at April 28, 1942," he
says. "The 12 prior years wit
nessed the precipitous decline
from 1929 to 1932, then the series
of bounces that came to rest in
1942, while the welfare State was
conceived and brought through in
fancy and adolescence."
So far in this bull market he
finds two phases the- period of
1942-1946 the first and the period
1949-1956 the second. The third "But whether they do or not,"
which he says is a period oi in
flation and drastic . over-valuation
based on wild, unrestrained im-l
ajinings of the future, hasn't
been seen yet.
This third phase, he notes,
rould be omitted but "history
suggests that this will not be the
case."
This is a market in slow mo
tion so there's no need for haste
in buying securities, Wicsenber-
uer says.
He notes further that this market-
may be somewhat vulnerable
to reaction over the period imme
diately ahead, and adds that if
prices should come down a favor
able opportunity to do some buy
ing would occur.
ne adds, "it seems the part of
wisdom, in the light of all avail
able evidence, to reduce reserves
by about one-third over the next
five or six weeks.
This categorical statement on
the bull market is the first of its
kind to come in a long time. The
general run of brokerage com
ment has been cautious with most
of the recommendations in defen
sive issues.
Some ot Die fund managers
have said they were bearish on
the market for the near term and
Wiesenberger admits the market
may have a bit of difficulty
Wall Street generally is im
pressed with the behavior of the
market in recent weeks, noting
that on each
lightens and c
picks up.
reaction trading
each rally it
WARM IN RUSSIA
MOSCOW (UPD-Soviet weatli
er officials said today that
Wednesday's noon temperature of
89 degrees in Moscow was the
highest recorded mercury reading
for this time of year in the past
Cut Flowers For Decoration Day
Mrs. Myers at Lsk ether e Gardens Narirrjr hat far Msiuarfftl Day Salt
the finest mt rut flowers, inrludinr Ltllrs, flairs, Carnations, Peonies,
Delphiniums. Dutch Iris, Lilacs, Snowballs. Baby Breath nd kinds
if garden flowers.
Char mini; bouquets made tip In attractive containers ready to
Blare in cemetery at fS.50, it, OU and, II. 51) each.
Order these frrthly rut flowers now and they will be picked
seep fresh, ready for pick up lbursday or Friday.
Grand Special!!
Lilacs and Snowballs, $1.50 for larga Bunch
LAKESHORE GARDENS NURSERY
879 Lakeihar Dr. Phono TU 4-42M
Bus Hearing Set
For June Fourth
A hearing has been announced
by the state public utility commis
sioner for 9:30 a.m., Wednesday
June 4. at the Lake County Court
house, Lakeview, on a request by
Red Ball Stase Line, Inc., Klam
ath Falls, to use two-wheel trailer
units in conjunction with passen
ger bus operations between Mara
aih Falls and Lakeview.
.lohn K. Savre. local Red Ball
agent, explains that during the
Christmas mail season, its run to
Lakeview leaving here at 3:15
n m. is sometimes overloaded, and
the trailer is needed. This is all:
right, unless there is a 'passenger
which there rarely is. State rules
prohibit the operation of motor
vehicles transporting passengers
"with any trailer or any other ve
hicle attached thereto" without
special authorization from the
commissioner.
So the request seems to have
no earth-shaking implications, out
Its granting will make Red Ball
. hariDV to see a passenger even
in the earlv morning hours of
Christmas Eve.
Mishap Injures
Tulelake Youth
A Tulelake man suffered pos
sible chest and back injuries late
Wednesday evening when the car
he was driving sheared off a tele
phone pole and then went over an
enbankment on the Hill Road near
Klamath Falls.
Undergoing X-rays at Klamath
Valley Hospital is Hector L. King.
22. Investigating state police said
the King vehicle failed to make a
turn in the road and that it skid
ded 267 feet before striking the
pole. It then traveled another 91
feet before coming to a rest.
There were no passengers in
the car.
In another late Wednesday ac
cident the car driven by Norma
M. McCloud, of Beatty, skidded
completely around in the highway
just north of Klamath rails, in
vestigating state police said the
southbound vehicle attempted to
pass another vehicle and skidded
when attempting to avoid a head
on collision' with a northbound ve
hicle.
There were no injuries.
Local Group
Plans Luncheon
A no-host luncheon will be held
Monday in the Wincma Hotel at
which a board of directors to head
the Klamath Falls Community
Council will be elected by those attending.
Purpose of the new organization
will be to coordinate plans for
hetter health, welfare and recrea
tion services in this area.
Also to be presented at the Mon
day meeting is a report by the
newly appointed Ways and Means
Committee, recommending a con
stitution, bylaws, and articles of
incorporation for the new agency.
Those attending will discuss and
probably approve the suggested
steps.
Everyone interested in the new
organization is urged to attend
the meeting by Pati O'Connor
temporary chairman. Reservations
should be made by calling TU
2-5558 by Monday at 10 a.m.
SCOUT NEWS
Five Brownies of Troop 92 from
Shasta School traded their beanies
for Girl Scout pins and wings in
a Fly-up Ceremony Friday, May
23, at the home of their troop
leader, Mrs.l James Paxton.
The girls, Mary Barnes, Patsy
Sullivan, Melody Paxton, Sheryl
Elder, and Nancy Risse, were wel
comed into Troop 38 by troop
leader, Mrs. Maurice Malme and
Intermediate Girl Scouts, Judy
Ward. Judy Hall, Paulette Malme,
Cynthia Crane, Barbara uusn,
and Beverly Silva.
Special guests present for the
ceremony were Mrs. William Ward,
neighborhood chairman; Mrs. Ted
Sullivan, neighborhood organizer;
Mrs. Edward Brotherhood, execu
tive director: Mrs. Raymond
Banes and Mrs. Walter Risse.
Following the ceremony, the
girls served cupcakes, punch and
coffee.
REUNION
MOUNT SHASTA Mr. and Mrs
Arthur A. Orcutt will leave Fri
day, May 30, for Chico where the
following day they will attend a
family reunion in Bidwell rarK.
The event will also honor t h e
twelfth birthday of their twin
grandsons, Charles and Chester
Knox, sons of Mr. and Mrs. Rob
ert Knox, of Cedar Ridge, Cali
fornia.
FIRE
The two-story dwelling of Louis
Johns, 1102 Adams Street, burned
to the ground Wednesday morning.
The blaze caused, according to
firemen, by a defective flue, was
discovered too late. The city fire
department reports the house was
lost belore the trucks were called
GEES
R's tha balatwa of ingrediorita in
baking powdor that gowns it
laavoning action. Only when
theaa ara tciantrlically balanced
can you ba sura of uniform action
in tha mixing bowl plus that final.
kr balanead hta to light and Huffy
T
Balanced Doable Action
means Better Baking!
1,1 DDrnV Homkaoatnf
"Leave that ttuft alone
...here' a whole pot of
SANTIAM BLUE LAKE
STRINGLESS GREEN BEANS"
FOR SALE
Aster Plants
3 Dot. SI
207 E. Main
Even cats agree
BONNIE
l Irrs... t?
BELONGS
bec&us
it's nutritious
not just filling
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IPMlT . ,Hand. . & vi .
ySffi57J IQc ...nCc Sff) Lades"
Gladiolus Bulbs Kx 0Sk DRESSES if I
9 ...... him W..hob.e -... 12-20 l I
2 To A Box XSP iMfd VN
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I dllLli 14v BARBECUE Pr$T
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boxes and Irunktl Rid ony room tv5 I u i l . j m
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beverage Doesn't affect flavor. . from! ' to
tfhplt.tt S-DOUt - eat y . . i imaK lanliai I I aai
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