Herald and news. (Klamath Falls, Or.) 1942-current, June 01, 1958, Image 8

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Herald and news., June 01, 1958, Page 8, Image 8

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Newspaper Page TextPAGE 8 A HERALD AND NEWS. KLAMATH FALLS. OREGON SUNDAY. JUNE 1. 1958 Stock Market Passed On Small Gains This Week NEW YORK (LTD Stocks closed the week just passed on small gains with the general aver age at a new high for the year nnd utilities at a 211-year top. The week, cut short by the Memorial Day holiday, brought out a volume of 9.2H7,7W shares. That was a daily average ol 2, 324.44U shares, against 2,507,:SB6 shares daily in the previous week The sales brought the volume for the month of .May to 54.178.523 shares, most for the month since 1933 when it was nearly double. It was the best month of 1958. Sales so far in 1958 amount to 241.227,988 shares, a rise of 18,- 972.IW8 shares or about 9 per cent compared with a year ago. For the week, the industrial average closed at 462.70, up 1.67 points from the close the week before and within about a point of the 1958 high: rails 116.(10 up 0.85, and within 0 95 of the year's top; utilities 78.19 up 0.07 and a new top since Oct. 4. 1930; and 65 stocks 160.55 up 0.61 and a new high for the year. For the month of May the in dustrials were up 6.84 points; rails up 4.13; utilities up 0.82 and 65 slocks up 2.90. For the year the market showed gains all around industrials up 27.01 points or 6 per cent; rails Maiden Flight Said Success LONG BEACH, Calif. (API -"Far and away the finest first flight I ever made." That was how the pilot felt about the maiden flight of the Douglas DC8 Jetliner, capable of carrying 176 persons across the United States in 4!4 hours. The four-engine DC8 flew 2 hours and five minutes Friday. It thundered off Municipal Air port here, cruised over the ocean and landed at Edwards Air Force Base, Calif. After the Might, pilot A. G. Heimerdinger. 48, said: "Of all the Douglas transports I have flown, the DC8 is the greatest. The plane handled so well we were able to accomplish much more than we had originally programmed." The first DC8 represents a quarter of a billion-dollar invest ' rncnt over a three-year period by its manufacturer, Douglas Aircraft Co. Douglas plans to start deliver ing the Jetliners to airlines the middle of next year. It has 700 million dollars worth of orders from 17 airliners for 138 DC8s. The DC8 has a top-rated speed of cm m.p.h. It lew about 350 m.p.h. Friday. It has a maxi mum rangy of 3,900 miles. Us wingspan is 139 feet 9 inches, length 1504 feet and tail height 42 feet. 19.04 points or 19.6 per cent; util ities 9.61 points or 14 per cent ?nd 6. stocks 14.84 points or 10 per cent. But the list was under the lev els of a year ago except for the utilities which were up 4.16 points Industrials were down 42.23 points or 8 per cent from a year ago: rails down 29.53 or 20 per cent and 65 slocks down 15.08 points or 9 per cent. Utilities, considered defensive is sues, have outstripped the other major groups throughout the year. The industrials and rails divided gaining and losing days out of the 105 sessions about evenly. With Ihe utilities it was 66 gains, 36 declines and three sessions with the average unchanged. Ihe weeks improvement was a dragged one and it came despite the uncertain French situation which many thought would be suf ficient to bring a general decline. The rise was sparked by many favorable developments such as mother rise in steel production, a rise in auto sales in the second 10 days of May; sharp gains in sales for farm equipments; a sharp rise in construction; better sales for replacement tires; pre dictions the oil industry would show a one lo two per cent rise in sales in 1958; and favorable statements on the indications the recession was nearing an end. When the week s issues were tallied the result showed that out of 1,373 issues traded, 721 ad vanced, 471 declined and 1R3 held unchanged. There were 222 new highs and 18 new lows for the year. Leadership jumped several de grees with the top issues in vol ume in the following order: U.S. Steel up l"i points on the week; Bethlehem Steel up V: and Gen eral Motors up Vt. The low priced motors American Motors and Studebakcr Packard landed in fourth and eighth places respec tively at minor declines. Royal Dutch was in fifth place with a small gain and Standard Oil (N.J) sixth with a small loss. Du Pont gained ncnrly 4 points on the week. Kern County Land nnd Wilcox Oil, up nearly 4 each leaiurcu mo oils. &enun rose more than .1 In the televisions Republic Aviation ran up 3'i in the aircrafts after it introduced its new fighter bomber and be gan rehiring laid off workers. There were several oilier strong spots throughout the list Ford in the motors: American Home Products in the drugs; and Minne sota Mining and Chicago Yellow Cab in the specialties. Copper shares gained for a time on firmer prices for copper metal A long list of companies took adverse dividend action which at- lected Iheir stocks in most in stances. Dividend omissions or de ferment wore mnrie by allied products, Scoville Manufacturing, Choniway, Murray Corp., Inter slate Department Stores, Bullard and American Shipbuilding. Dividend cuts were made by Heed Roller Bit, Arvin Industries. Thermoid, Pittsburgh Metallurgi cal, Commercial Solvents, and Bridgeport Brass. American Home Products raised its monthly dividend by five cents which accounted for its rise. Brokers were cautioning their clients to play the market care fully at this stage, a level that has proved, difficult to penetrate in the past. Morty Meekle V I I I MOST SB THE. OWAUJ ONLY DOG IN THE WVAU.I I yoRLp WHO FEEL6 . . TV - . I MORE COMFORTABLE ) j,,,, he. T M t U S Ptf. O Awards Given 10 Children MERRILL Ten small children wearing white mortarboards and royal blue gowns received diplo mas for completing a year of kindergarten studies during com mencement exercises at the Mer rill Recreation Hall on Monday evening. May 26. Diplomas were awarded by William Kurtz, prin cipal of the Merrill Elementary School. An address of welcome was ex tended by Mrs. Paul Knox, presi dent of the Merrill VFW Auxil iary. This is the sixth year the auxiliary has undertaken sponsor ing the kindergarten project. Principal speaker of the evening was Wilbur O. Brickner. The in vocation was given by the Rev. Lloyd Henderson, pastor of Hie Merrill Presbyterian Church. The Rev. John F. Phelan,, pastor of St. Augustine's Church, gave the benediction. Two piano selections were played by Sandra Frisvold; Robert Mer rilees played several accordion numbers. Processional and reces sional music was played by Mrs. P. L. Hodges. Programs were distributed at the hall entrance by Bobby Trot- man and Pat Ratliff, graduates of the kindergarten class of 1957. Mrs. Carrie Mattson, teacher, has completed her third year with Ihe kindergarten. This year's kindergarten board was made up of Mrs. Walter Wilson and Mrs. Anton Suty Jr. Members of the 1958 kindergar ten graduation class are John Christopher Duke. Gloria June Graves, Steven Lewis Kandra, James Dennis Kirby, William Ray Rasdal, Chris Ray Ratliff, Victoria Ann Shuck, Janda Carol Suty, John Robert Walker and Margaret Lee Wilson. Louis Moreau Gottschalk was the first American pianist to make successful tours of both Europe and America. 'Lion' Gives City Case Of Jitters OKLAHOMA CITY (AP) Po licemen Don Pierce and L. D. Edgmon said more than 100 jit tery residents were gathered in a northeast Oklahoma City street when they arrived to investigate a report of a lion running loose. The anxious citizens said the lion had retreated between two houses, and the officers advanced into the darkness with pistols drawn. When they found the beast, its tail was wagging. It was a big collie, partially sheared. One automobile is stolen every 10 minutes in the United States. Over The Garden Gate , MT. LAKI GARDEN CLL'B By Mrs. Noah Nyhart "The Miracle of June," will be the theme of the spring Flower Show on June 7 to be sponsored by the Mt. Laki Garden Club. Show hours will be from 1 p.m. to 5 p.m. in the Henley Grange Hall. The public is invited to enter ex hibits and to view the show. Entries will be received on Ihe day of the show from 8 a.m. to 11 a m. Horticulture specimens must have been. grown by the ex hibitors. Containers will be pro vided. Decorative materials need not be grown by the exhibitors. Plans must be in possession of exhibitor for two months to be eligible for competition. In division one, the award of dis tinction will be given. A sweep stake award will be given in divi sions one, two and three. A silver tea is planned to help defray expenses of the show. Club members are asked to donate two dozen cookies. At 3 p.m. there will be an edu cational exhibition of grafting, bud ding, air layering, by an expert. A basic flower arranging demon stration will also be held during the afternoon. There will be decorative senior and junior classes, horticulture classes in perennials, biennials, flowering shrubs, or tree branches and house plants. Anyone desiring the complete flower show sched ule may call Crystel Cheyne, flower show schedule chairman at TU 4-7910, and one will be mailed. Mrs. I. W. White is flower shov chairman, phone TU 2-1183; Mrs. Noah Nyhart, staging and publi city, TU 4-8094: Mrs. Clifford Kel ly, properties, TU 4-8909; Mrs. Will B 1 a c k m a n, classification, TU 4-5911; Mrs. George Houck. en tries, TU 2-1730: Mrs. Richard Fleming, judge, TU 2-1129: Mrs. Everett Jones, tea, Merrill 4805; Mrs. Jay Fairclo, hospitality, TU 4-4998; Mrs. Will Blackmair, edu cational. TU 4-5911; Mrs. Oscar Rylander litter bug display, TU 4-9188. RODEO PLANS MONTAGUE Plans and prepar ations for -the forthcpminlj sev eth Annual Junior Rodeo aoJ bar becue to be staged at Montague on Sunday, June 15, will be the major topic of discussion at the next meeting of the Shasta Val ley Community Club in the club room of the Montague auditorium on Tuesday evening, June 3, at 8 o'clock. Dependable Coverage MAYFLOWER AUTO INSURANCE Reunnabl Katet VERN W. EMLEY AF Plane On Mercy Flight BANGKOK, Thailand (AP) A U. S. Air Force mercy plane was (lying from the Philippines to Bangkok Saturday with 4.000 bottles of cholera vaccine to help curb an epidemic that ahendy has claimed 50 lives here. A spokesman for the U. S. In ternational Cooperation Adminis tration, donors of the vaccine, said another 6.000 bottles soon would be sent to Thailand. Cholera has stricken at least 4U0 persons in the past week. Vaccine also has been sent by India and Australia through the World Health Organization. Health officials heie predicted it would take two years to root out the disease. A major cholera and smallpox enidemic has been raging in Kast Pakislan. on the other side of' In Washington, undersecretary Burma from Thailand. Nearly 20,-iof the Air Force Malcolm A. Mac- two persons have died there. Air Line' Accepts AF Buzz Denial SAN FRANCISCO (AIM United Air Lines has accepted the Air Force's denial that n B-47 pilot "deliberately buzzed" a UAL air liner with 62 persons aboard. Maj. Eugene Malhis said he actually was mancuverinc his hi jet bomber to avoid a possible col lision with the 1H.-7 near Salina, Kan. Thursday. He is based at Schilling Ar'H near Salina Pup By il Saved Life Raft NESKOW1N. Ore. (AM-A low- flying airplane Friday dropped a Hie rait lo a Berkeley, Calif. student "being washed out to sea alter trying to go to Ihe aid o( tour persons in the surf. The Tillamook County sheriff's office said Ihe rait was dropped to David Crane, a student nt Wil lamette University in Salem, Ore Crane then paddled 150 yards uacx In snore. Mrs. Diuiy Spurlock of Lafay ette. Calif., and Miss Gail Hoden of San Mateo, Calif., said that they expe-eiH-ed some difficulty In swimming in the surf. They said they and Ian Durselt and Ray Kruger. hoih ol Salem, all made their way safely to shore under their own power. The girls, both Willamette Mu dents, said Crane swain toward them lo :,iw aid hut that Ihe heavy tide carried him away from the beach. The air drop followed Commie Newspaper In Red Again NEW YORK ..MM-The Worker, weekly Communist party news paper, said in us columns Fri day it is in financial straits. The Daily Worker suspended liuuiii.iuun sivcrai mnniiis ago occauso ol i.uk i. umls. The woe.ny oruan said it was able lo publish Friday only be cause of h ;4-hour postponement of the prin:inif bill and emergency manual aic irom some local sup Inlyre exclaimed "unfounded. .tin irresponsible statement" of the UAL complaint lo the Civil Aero nautics Administration. Ihe com plain was withdrawn Friday nicht UAL pilot M. K. Wolfe had charged on arrival here that a H-47 crossed only soil to 1. 000 feet in front of his airliner. He called it "a deliberate buzz." Sen. William F. Know-land. Cali fornia licpiihhcan. one ot .Si pas sengers, had asked the Air Force and CAA to investigate Rocket Expert's Life Planned For Filming HOLLYWOOD il'Pli Plans hae been announced for produc tion of a motion picture telling Ihe lite story ot Wernher on Braun, German-born scientist who played a inaior role in launching of the lirst t'.S. satellites. Producer Charles Schneer of MorningMile International Produc tions and Kricdrich Mainz of Rhombus Films. .Munich Germain revealed Friday that the film would he made both in Europe and Hollywood lor release by Col umbia Pictures. Von Braun. a rocket expert for Germany, was among those mut ing capture by the I S Army at the end ot World War II. He 'cur rently is duel ol development op erations lor the Army Ballistic Mu-sile Agency at Hiintsville, Ala. I'ONOHKl) MONTAGUE - Yrcka Elemen tary School graduates will be hon ored Willi a party given for thfm in June by the Knights ol Pythias. nit plans lor Ihe event were dis cussed at a recent meeting held by the Aurora Temple No. 5.1. Pythian Sisters, with Mrs. Helena Schlueier, most excellent chief. imflV'1' isfyi lfeV Metallic-stripe Wash-and-wear sportshirt f wins Da,,s K! Reguiariy priced 2,98 Y ' ' .ifS!? rHf C-O-O-l! looks neat on hot days r Just a hint of metallic sparks this luxurious soft-tone A ' n ' striped shirtl A fine Avondale cotton women prais S iJmBi m Crinkle-proof . . . unpacks perfectly! because "Perma-press" finish requires minimum NSksx ff- -'' t9'W"9w care, saves summer time for funl Sewn-m stays , r" JT" 7 Collar converts for dress or sport prevent collar curl. Buy several I , " . jixti iM -t Give him brent n"iron paiamas fr coi - I IpJjH fforl MiMlM wrink,e-free sleeping comfort! Regular 2.98 H Iir t"'M -Ti jitf ff Tj Svk 4l' XtjM-o. Reody to wear Ihe same day they're washed! Co" g ;V J-? O f I fit J WAV I k,"5 orful prints in regular or new H 'IT' ,t '& .jfl -L-Jk ' ''M' 4 ' WStoSw dSmB9J shortie lengths assure cool sleeping on hot summer lfb I '-P-H- Sfi-' fffS-"' ' T&fcvV nights! Buy several now at savings! Sfelln r lw New Brent dress shirts lTr fl-"H ,,i,...lfr. need little, if any ironing! IfVrJ liQ 3 98 M t: Now, Just wash and weara fJ Um"''c,-'"1J DanRiverWrinkl-sheds Who 0 '-'-h ond weor rtj $i-'iliS- t'4 jtti& ' V- - styled by Brent! Expertly cut, perfectly-detoiled I V'Wil CCfc A 'w$ shirts of Sanforiied broodcloth for lasting fine fit. rTT. vV-A -Vy ;jm JL w O f'fw' iV. Sewn-in collar $,aysl Whi,e- poiy-Packa9e"- l' " 'V' 'Vt V l Famous cotton sportshirts now have Dri-Don J f 1 i$ , "V -' 1 8 fl"'4" elimina, ironing, save time! Pick K Fkp- l L v Plaicls to Pleal hin1 frm Wards collection! t V , " I tf0'.'"ii ' . Machine wash and dry !''vlr&'rf i&WvV, "VMK;r V these pleated sTicks yMVfiT ' V V '' wn'nklefree fibre, Docron'l Pacific Mills adds , I Xv J?" 'yV, ..' A rayon for luitre, Wardi adds quick-dry Nyloton f j V ' V ' XvV 45& 'i: ; ' v pockets, trim all saves time and cleaning! IsL&S fiHi' 'SbkX. 9TH & PINE OPEN FRIDAY NIGHTS TILL 9 P.M. PHONE TU 4-3188 porter. presiding.