Herald and news. (Klamath Falls, Or.) 1942-current, August 08, 1958, Image 7

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Herald and news., August 08, 1958, Page 7, Image 7

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Newspaper Page TextFRIDAY, AUGUST 8. 1958 HERALD AND NEWS. KIAMATH FALLS. OREGON PAGE 7 A Agents Arresi Missourian For Dealing In Narcotics JOPLIN. Mo. AP A 40-year-old Missourian described by fed eral narcotics agents as a million dollar dealer in high-grade heroin was arrested last night near here. Jack R. Clayton of Blue Springs was jailed on a federal complaint charging him with peddling heroin in Arkansas, Florida, Tennessee and Texas. The complaint was filed at Tyler, Tex. Clayton is to be arraigned on the charge here today. Clayton didn't resist federal and county officers who seized him at the farm home of relatives. "I've been expecting you," offi cers quoted him. "I've been wait ing for you." At Dallas, Tex., Ernest M. Gen try, district supervisor of the Mystery Hits Salt Lake SALT LAKE CITY (AP)-A cou ple of heavenly happenstances jarred and mystified Salt Lake Valley residents last evening. First there was an explosion, later identified as a sonic boom caused by a plane breaking the sound barrier. Some observers thought they saw a missile and two chase planes in the sky. News men were told that further infor mation was classified, but that the military knew of no missiles over Utah at the time. Moments later came the bal loons two of them, one leaking an odd-smelling gas. They floated down from the sky and landed southeast of Salt Lake City as Henry Engh, 45, and his family stood in their yard discussing the blast noise. ' The boom thunderclapped over come 30 miles of the valley, and many residents ran outside to see what caused it. Many reported teeing the craft overhead two tiny jets high in the sky follow ing a larger, black craft. No damage was reported. Maj. Gen. Maxwell E. Rich, Utah's adjutant general, identified the noise as a sonic boom but added: "All other information about it is classified." He said he saw no connection between the boom and the un marked balloons. He ordered an Air National Guard unit to take charge of the plastic objects and try to identify them. The Weather Bureau said they weren't- theirs. As for the boom, the Strategic Air Command headquarters at Omaha said it had no operational missile units in the Utah area. Other missile centers and the1 Defense Department said there was no missile firing yesterday Federal arrntir Rnrean .aM Clayton had been under investiga tion lor several years. "Strictly at a guess, based in part on his lame number of ens. tomers, I believe Clayton has done at least one million dollars worth of illicit business in high grade heroin the nasi uivn nr eight years," said Gentry. He said there were indications that Clayton had connections with Mafia. A WnrlH Prima wA;nt- and added: "We understand he nas prominent connections in Kan sas City." ... a puime spokesman said the department never naa neara of Clayton.) Clayton lives on a secluded farm in a unMeH ara I,. . of Kansas City. He owns and flies an airplane, said Gentry, using a private landing strip on the farm. The DlanP AnH a IUIV fav nionwj by Clayton were confiscated. ueniry sam tne investigation of Clayton's activities led to the ar rest July 12 of Queen Robberson. 78-year-old operator of a motel at Amarillo, Tex. Gentry said she had two ounces of heroin and five ounces of other narcotics when arrested. He declined to say if others were involved. At Little Rock. HarnlH C Mn. Kenny, Narcotics Bureau agent in jcnarge lor Arkansas, said his of fice originated the Clayton in vestigation. He said additinnal charges may be filed against Clayton in U. S. District Court Fort Smith, but didn't elah. orate. By ELMER C. WAI.ZER LPI Financial Editor NEW YORK (UPD An astute Wall Street analyst ventures the prediction that the market could generate into a 10,000.000 share a day affair in the not distant fu ture. He holds we are in a speculative era and points out that 10.000,000 shares isn't very great on the basis of stock listings which are approaching the five-billion share mark. A 10-million day would be on a basis of less than half the rate of turnover of listed shares in 1929 when daily volume averaged 4, 276.808 shares. If we were to equal the 1929 figure on the basis of a turnover of 119 per cent of the present 4,883,000,000 shares listed, the dai ly sales volume would amount to 22,176,956 shares. We haven't had anything resem bling a 10,000,000-share day since Storm Sweeps Hawaii Island HONOLULU (UPD A tropi cal storm which has already tak en one life swept over the island of Oahu today with winds of 50 to 70 miles per hour. The disturbance struck the is land of Hawaii early Thursday, causing a plane crash that killed Walter Moniz, 29, Hilo. His plane crashed on a sugar plantation, barely missing a group of work ers, as Moniz attempted to land in strong winds. Injured in the crash were Fred Jong, Honolulu, and Constantine Gofas, 26, University of Hawaii Student from San Francisco. Jong, Honolulu, and Constantine Gofas, 26, University of Hawaii Student from San Francisco. The weather bureau issued a fale warning for all Hawaiian waters today and warned there may be lowland flooding. OLD NEWS Flames Lick Wrecked Ship NEWPORT. R. I. (UPI)-Gaso. line-fed flames shot high over the nuiK oi a wrecked tanker early today, a vigil light to the 15 dead and 36 injured in a two - ship collision. Navy and Coast Guard fire fighting crews abandoned at tempts to extinguish the raging blaze in the S. S. Graham Thurs day afternoon after nearly seven nours oi futile battling. The 1,475-ton coastal tanker, carrying a million gallons of gaso line, collided in a heavy fog at the mouth of Newport Harbor with a larger tanker, the 16,000- ion uunou. lie resulting ex plosions and fire formed a funeral pyre for 15 crew members of the Gulfoil, including the skipper, Capt. Montreville Eden of Port Arthur, Tex. Thirty - seven men aboard. The Gulfoil was outbound from Providence where it had emptied a cargo of oil. But the volatile lumes in her holds made her "a stock of dynamite," according to one survivor. Though the Graham burned un controiiably her 13 - man crew escaped. Eleanor Plans New Russ Trip MEEKER. Cnln (IIPI1 Mr. Eleanor Roosevelt said Thursday sne win visit rtussia again next month to see how the Soviets handle their juvenile delinquency pruuiems. She said a visa fnr Ihn nrn posed three - week Russian trip was sent ner earner this week from the Russian Embassy Washington. Mrs. Roosevelt toured the USSR last year and talked with Soviet Premier Khrushchev and other top Russian leaders. , 10 Million Share A Day Seen By Market Expert Kidnaper Goes To Death For Most Despicable Crime Town Seeking Strike's End LEADVILLE. Colo. (AP)-At 5 in the afternoon a church- bell chimes in this two-mile-high min ing city. It signals a call to pray er that a labor strike may be end eda strike that is crippling his toric LeadviUe's economy. The bell is high in the tower of Annunciation Catholic Church. The Rev. James B. Hamblin, pas tor, arranged for a rosary serv ice daily at 5 p. m. until a strike is settled at the Climax Molybde num Co. Father Hamblin tugs the bellrope himself. About 1,100 workers have been on strike since July 21 for higher wages at the Climax mine, farther up the valley. The payroll for the workers on strike ran more than $100,000 a week with the average wage $2.41 per hour. Union members asked a 13 per -cent increase. Company Manager Robert Henderson first said this is out of the question However, Henderson said after a meeting yesterday that com pany officials had taken under study the union proposal for the 13 per cent wage increase but stipulating it would extend over a two-year period. The. mine produces most of the country's molybdenum, a white metal used mainly to harden steel. "The rosary has been powerful prayer for Christians throughout the entire history of the church," Father Hamblin said. "Whenever Christianity lias been threatened, people have turned to Almighty God and his blessed mother for help. They will help us now in the troubles that have come upon our community. July. 21, 1933, when volume totaled 9.572,020 shares, largest day of that year. Back in 1929 we had some Dig days 12,894.650 shares on Oct. 24, 1929; 16.410,030 shares on Oct. 29, 1929, the all-time record; and 10,727,320 shares on Oct. SO, 1929. In the week from Oct. 24 to Oct. 30, 1929 (Thursday to Wednesday! stock market turnover amounted to the eiant total of 57.256.000 shares. The recrd regular week that ended Nov. 2, 1929 brought out a volume of 43,499,540 (hares. The present high-speed tickers can take fairly large markets without running too far behind. It all depends on the size of the transactions. Back on June 27, 1950, the sec ond session after the Korean War started, sales totaled 4,860,000 shares and the tape at its latest was 27 minutes behind the mar ket. That was a record lateness for the present tickers. ' On Oct." 24, 1929, when sales totaled 12,894.650 shares, the tape set the lateness record for the old magnetic tickets. The close wasn't reached that day until 7:06 p.m., four hours and six minutes after the gong had ended trading on the exchange. On Oct. 29, 1929 when sales set the daily record at 16,410,030 shares, the tickers caught up at 5:29 p.m., two hours and 29 min utes after the market closed. The reason for the faster action that day was that sales were executed in huge blocks. It would be a good guess that if the current volume should rise to seven or eight million shares, the ticker would be a half hour or more behind the market. If we were to have some 10,- 000,000-share markets, it wouldn't take long before 1958 overtook 1935 in volume and that would mean the heaviest dealings since 1933. All this guessing comes at a time when the margins have been boosted from 50 per cent to 70 per cent, and when the President is talking about trouble ahead if management and labor do not hold down -profits and wage in creases to reasonable levels. Somehow the market men do: not feel there will be any controls imposed. They say controls Just wouldn't work in peacetime And they add that the push of inflationary pressures Is going ahead and that it will be a big factor in the market for some time even if margins would be hoisted to 100 per cent which would mean a cash market. TOKYO GETTING BIGGER TOKYO (UPD-The population of Tokyo, regarded as one of the world's biggest metropolitan areas rose to 8,797,035 as of July 1, an increase of 299,364 over the past year, the Tokyo' Statistics Bureau reported today.. OSSINING, N.Y. (UPD-Angelo! John La Marca was executed Thursday night for the world's most despicable crime the kid nap and abandonment of a help less miant. La Marca, 33. father of two, confessed he had kidnaped month- Knife Wounds Kill Woman FRIENDS INVITED The Rev. Selmar Jacobson, for mer pastor of the onetime Cove nant Churah now occupied by the Klamath Falls Gospel Mission, will speak at the Saturday night service August 9 at 7:30 p.m. at the mis sion. The pastor has many friends in Klamath Falls who are invited to be present. A special feature of the service will be by Mrs. Nor man McCue. Los Angeles, who Is in Klamath Falls with her husband and 2-month-old son, for a visit with her parents, Mr. and Mrs. John Petersen, who are in charge of the mission. NEW PINE CREEK Lair Gentry of New Pine Creek found a special copy-righted issue of the March 18, 1897, issue ot The ex aminer (now the San Francisco Examiner) in the old Keller Flour Mill. The issue told of the Corbett Fitzsimmons fight at Carson. Ne vadaround for round with stor ies by the antagonists as well as those of the professional writers and commentators. The odds were 100 to 70 against Fitzsimmons' spectacular victory as he was only a middleweight champion when he fought Corbett, the heavyweight champion. COME EARLY SAN LEONARDO, Italy (UPD Wine will flow like water out of a new fountain in this hamlet in north Italy when it is inaugurated on Sunday. But it will be only for an hour during the inauguration ceremony. After the 220 gallons of wine is used up water will flow indefi 43 NOV'S THE TIME! 43 USDA Graded m BEEF 43k Cut and Wrapped for your Locker or Freezer! SUPER PACKING CO. Off Bristol Avenue near . c Summer's Lane ' (No Phone Orderi Please) The Welcome Wagon Hostess Will Knock on Your Door with Gifts & Greetings from Friendly Business, Neighbors and Your Civic and Social Welfare Leaders On the occasion of: The Birth of a Baby Engagement Announcements Arrivtl of Newcomers to KlarrMfe Palls No cost or obligation! fchono TU 4-6185 HURRY! ENDS SATURDAY VERN OWENS' FRIGIDAIRE BABY PHOTO CONTEST IN LIVE COLOR No Oblgation man died GROVE. Okla. (AP)-A described as "fighting wild' unaer unexplained circumstances yesterday after his sister-in-law was stabbed to death minutes earlier. An autopsy was performed to determine cause of death of Clar ence a. Thompson, but results were not disclosed. The sister-in-law. Mrs. Emma Thompson, was stabbed several times in the neck with a hunting knife. She died en route to a hos pital. Sheriff George B. Francis said neighbors who heard the wom an's frantic screams summoned a deputy sheriff then wrestled with Thompson before managing to handcuff him to a porch post. ine snerur said when he ar rived at the home, the man was bound to the post and appeared unnarmea. Minutes later he went outside and found Thompson dead. Touring Meg Has Dav Off FREDERICTON. N.B. (AP) Princess Margaret rested todav at a secluded summer cottage on the St, John River before going to see ine trotters. The touring princess had a dav off until the local harness race meeting tonight. Since Margaret and the rest of the royal family are Britain's first turf enthusiasts, the night's engagement also comes under the head of pleasure. Margaret's schedule yesterday took her to seven major appear ances nere in New Brunswick s capital, climaxed by a dinner given by the province. 1 Premier Hugh John Fleming presented a handwoven wool skirt to the prin cess, who was wearing a pale blue gown studded with Jewels. Two unscheduled happenings gave" officials the jitters. A fire broke out in the basement of the Canadian Pacific Telegraph Build ing lust after Margaret's motor cade passed by. It was quickly extinguished. Then a branch from one of Fredericton's tall elm trees crashed into the street near the Legislature Just before she ar rived. It brushed spectators as it fell but no one was hurt. old Peter Weinberger two years ago lor 12,000 ransom, and then, in a fit of panic, left the child to die under a honeysuckle bush on an isolated roadside. But as La Marca became pan icky when he stole the child, he was calm when he went to his death at 11:03 p.m., e.d.t.. In the Sing Sing Prison electric chair. The debt-ridden mechanic, who bought a house and a car he could not afford, was alert and almost aggressive when he was led into the death house by the prison Roman Catholic chaplain, Rev. George Kinney. What are you trying to oo. choke me," La Marca snapped at the executioner as he strapped the death hood in place. Then he braced himself by putting bis chin on his chest. His last meals were hearty- spaghetti and meat balls for lunch and roast chicken, potatoes ana cake for supper. La Marca spent most of the day with his wife, Donna. He kissed his children. Vivian. 7. and Vin cent, 11, goodbye and even tried to explain to Vivian what he meant by his final farewell. But even after La Marca said goodbye to his children he tried desperately to hang onto his life. He had received six stays of exe cution and his attorney made a radio appeal for a seventh an appeal to the public to send tele- grams of mercy to Gov. Averell Harriman. Some 500 telegrams were sent, but no word came from the governor and La Marca was led into the death house right on time at 11 p.m. Some 60 miles away, at the home of Morris Weinberger, where on July 4, 1936, La Marca kidnaped Peter, there was only silence. The lights were out and the Weinbergers were in seclusion reportedly at a friend s house. TRIP IS COSTLY ELIZABETH, N.J. (UPI) It cost Kenneth Kline approximately $33.33 an inch Thursday for an au tomobile trip he made. Kline, previously convicted of drunken driving, was fined $200 for disobeying a court warning not to drive again. Police nabbed him after he had only gone six inches. Dexall TniotM GLAZING COMPOUND Un Deull Olasinf Com pound for setting window flaw in wood or metal eaah. Superior to putty. It Uy elastic, will not eraok or dry. Assure parfaet weather tif ht bond. Paint over it in 34 hour. $1.20 4 lb. son A & B PAINT STORE 122 I. 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The cost 1 jut pennies a day for $10,000 of protection. Higher limit available at mall extra cost. Call: FRED LAWRENCE and ART GRIGS Seen, Roebuck I Cs. Bids. 1)3 So. 8th St. hen TU 2-441 1 You're In good hands with LLSTATE' IT'S A WONDERFUL ST! y , ft n C. witft iftJpftM iihH ntJ H saint'. Mn ftlt Shottl. 111. Saturday, Check List OF GOOD VALUES jumpers only $12.98 . . . instead of $14.98. easy fitting slim lines, 8 big mother of pearl buttons down the front, more buttons in back with inverted pleats, wool flannel, red or charcoal, use your deb account. jacket dresses only $15.98 . . . instead of $18.95. drip dry shag bark, young full skirts, cum merbund effect, square n&k in back, scooped neck in front, brown -black and red-black, cute fully lined jackets. 2-nc. dresses only $12.98 . . . should be $15.98. fine 2-ply cotton plaids in royal green or red-grey, perky white linen bow at standaway neckline, overblouse fits loose, smartly detailed back, real cute. trans-season cotton dresses only $12.98 . . . should be $16.98. soft casual step-in with pleats and tucks blending front and back panel with double row of buttons, white faille over collar, new shadow plaids in toast-black or royal-black. cashmere coats only $55.00 . . . luscious imported cashmere, luxury loomed, milium lined in nude, bahama, black, blue, you know the true value of such a cashmere coat. regular 30-day charge account convenient revolving charge plan deb account for the teens lay-a.ways reversible skirts only $9.98 . . . nationally $11.98. beauti ful plaids, smart colors, permanent pleats, completely washable, perfect r I 1 . l 1 ior DacK-io-scnuui. i fWutjTj- nr - tr ruvijvvruvjriJVJV'iji,.riri.ri-nri rrm" V"ii- -i-- nylon hose in all the west only LaPointe's has "Better Than Gold" 60 gauge, 15 denier hose, box of three pairs, $1.95 . . . that's only 65c per pair, they com pare favorably with hose selling na tionally for $1.35 per pair. back-to-school sweaters short sleeve pullovers only $3.29 . . . nationally $3.98. cardigans only $4.98 i . . . nationally $5.98. completely wash-; able, smart elegant, new looking fall tops, all new fall colors, use your deb : accounts. shorty pj's only $3.49 . . . regularly $4.50 as adver tised in life magazine, plaid sailor shirt top with bermuda shorts, drip dry cotton in aqua or red plaid. cotton robes only $5.49 . . . regularly $5.98. button down collar, roll cuffs, large patch pocket, drip-dry plaid, just right for back-to-school.