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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.
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9TH & PINE
OPEN FRIDAY NIGHTS TILL 9 P.M.
PHONE TU 4-3188
porter.
presiding.