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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Aug. 10, 1958)
SUNDAY. AUGUST 10. 19SB PAGE A HERALD ANT) NEWS. KLAMATH FALLS. OREGON NOT WORTH THE TROUBLE i ivmny ilTPli TTia thief who stole a truck loaded with 48 easel of television tubes in suburban Streatham undoubtedly took a dim view of his loot today. The tubes were defective and were being returned to the fac tory. FRANK JENKINS Editor BILL JENKINS Managing Editor FLOYD WYNNE City Editor MAURICE MILLER Circulation Mgr Ph. TU 4-4752 Subscription Rates CARRIER Entered as second class matter at the post office at Klamath Falls. Ore. on August 20. 1906, under act of Congress. March 8. 1879 SERVICES: ASSOCIATED PRESS UNITED PRESS AUDIT BUREAU OF CIRCULATIONS Serving Southern Oregon And Northern California TheI! Do It Every Time By Jimmy Hatlo .nM-mESTOf. l EVERy- I A LON& DRIVE.SO Fj CLC1 T EiJT4 U 1 MONTH . L5o 6 MONTHS $ 9 00 I YEAR $18.00 MAIL 1 MONTH $ 1.50 6 MONTHS $ 8.50 1 YEAR $15.00 DANCE DIRECTOR HONORED i nvnnv il!Pl) 1ncrnw Rariin reported Friday night the Order of Lenin nas oeen awarneu io Igor Moiseyev, director of the Soviet Folk dance company which recently toured the United States. Npnt'O lliddln By FLOYD L. WYNNE Well, I'm thoroughly disappoint ed! In all this hullabaloo about space travel, I've been avidly reading about the possibilities of taking a short two week cruise into outer space, and then returning to earth to find that two or two hundred years had gone by. That sort of thinking, as my scientific-minded friends tell me, is based on some theory of Ein stein's that when a particle of mat ter approaches the speed of light (merely 186,000 miles per second i it no longer reacts to the element of time. In other words, if you were in a space ship traveling at the speed of light, time would no long er be a factor. At any rate, stories have been rampant about possibilities i tak ing such a space trip and return ing to find time had barely passed for you, but had gone through years here on earth. Think of the tremendous possi bilities. You have a big pile of bills, and presto, off you go into the wide blue yonder until your creditors have died of old age or the bills are outlawed, and back you come, two weeks older, and start over. And how about the guy who gets 20 years for robbery or something, they can shoot him off into space In a capsule, bring him back a week or so later and he's served his 20 years. And. perish the thought, but if a guy didn't get along too well with his spouse, instead of divorce, take a trip to Star 343 in Outer Space Lane 5 . . . about a two or three week .trip, and como on home. She's aged 100 years or so, and odds are you'd be eligible for an other wife, or husband. It could have its unusual side also. If you rocketed off into the wild blue for a - couple of years space time, you might return home to find that your great grand children were now old enough to be your father, or your grand father. Or well, It's fun ' speculating, but according to a re cent note in tho mail, it's pure speculation, and it just isn't true. A very brave scientist named .Captain H. C. Dudley recently doc umented a claim that Einstein had made five mathematical errors in his computation on time and rela tivity. According to Dudley this talk of time standing still is just not true, and he produces the fig ures to prove it. I suppose we'll hnvo to believe him, bceauso I certainly am in no position to say it is or it isn't true. On the other hand, he has no way to prove it is true, cither, now that I think of it. Odds are it will be a few years, or a few hundred, before man can ever approach that fantastic speed of 186,000 miles a second or about . . . now wait until my mathe matics catches up . . . 11.180,000 miles per minute ... or 669.600.u0i) miles per hour, llmmmmm . . . come to think of it, it may be several thousand years before we can hit that speed. We think we've made a big jump from the 25 miles per hour days nt the first horseless hiiRsies to the screaming roeket plane that pushes 3.000 miles per hour, hut compare that with a jump to about 670 million miles per hour, and you net the picture. Come to think of It, the ideal way would be to have that situa tion of time reversed. That way, you could take a hundred year trip to the outer edge of the uni verse and back only to find you had missed just two weeks of work. Hoy wouldn't that work like a charm for these three day week ends. I'll leave the arguments to Dud ley. Let him disagree with Km stein. Me, I'll go along with Kin stein theories, and hope science hurries it up so I can find out the answers for myself. luying of stocks or bonds on mar gin the trader must put up 70 per .ent in cash or collateral and the oroker can lend him only 30 per cent of the stock's market price. Those who already have ac counts under the former rule of 50 per cent borrowed money may switch stocks without putting up more margin so long as they don't increase the amount of cred it involved. SEC rules require that only stocks listed on a United States stock exchange can be traded on margin. This keeps brokers from handling in this way over-the-counter stocks and those listed only on foreign exchanges. The New York Stock Exchange says that no margin account can be started for less than $1,000 and that the broker members must charge no less than the call money rate a call loan, usually for carrying or purchasing stocks, is one that either the borrower or lender can terminate at any time. Brokers now charge around 4 per cent for the money they lend margin traders. But they can charge more than that and do if the account is so inactive as to be unprofitable, if the trader's credit isn't top-drawer, or if the stocks he insists on trading arc too speculative. Tho stock exchange's rule on when I more margin must be called works like this: If a trader buys a stock for $100 on 70 per cent margin and the price of the stock drops below $40, the broker must call for more margin, or fail ing to get it, must sell the stock and close out the account. In practice, most brokers call for more margin before the stock has fallen that far. Mostly they call a short, distance above the stock exchange's must level. But they may call well above it if the customer's credit is be coming shaky, if the stock in volved Is a widely swinging or questionable risk", or if the whole market is in a fast tailspin. The exchange polices its rules by annual audits of member's hooks by outside accountants, and occasional spot checks if market conditions call for them. wasn't so many years ago wher the experts said we couldn't stanc a 100 billion dollar debt. We whizzed past 100 billion mark in 1943 and the next year wi crossed the 200 billion dollar mark If the debt gets up to 288 billion as some believe possible, it would set a record high. The stock market's sharp rise, which in the first seven months saw values of all listed issues pushed up by 35 billion dollars, has called attention to an inflation ary problem in that sector with the usual rumors of an impending mar gin advance. During the past week we had effects of inflationary forces in sev eral sectors. Steel prices were raised. So were aluminum and copper prices and the oil price structure firmed. Higher prices for such basic items as steel, copper and alum inum indicated that many other items will be raised since many manufacturers plan to pass on at least part of the increases to the ultimate consumers. One thing about these price hikes is that they take up only part of the slack caused by wage increas es. In other words, the companies are absorbing a lot of the wage rise in steel and aluminum. Cop per is far below its high levels of not many months ago. The steel price increases in volvcd only sheet and strip steel New advances on the heavier steel products such as construction steel are expected to come later this month. Usually the third quarter of the year is a quiet one for industry with vacations cutting into produc lion but this year we may sec further improvement in the gener al picture, according to some of Ihe experts. They look for a good push in the final quarter. Steel companies foresee gains immediately with the production level well above 60 per cent of rated capacity. Not long ago the industry was down to 50 per cent and un der. Currently it is near the 60 per cent mark. IlllMilH'MK By ELMER C. WALZER, United Press International Financial Editor A Wall Street expert this week put his finger on an interesting series of optimistic indications he gleaned from reaching corporation reports. He found an unexpectedly con siderable improvement in business, especially in June ... big econ omies made in cosls . . . and a more optimistic attitude on the part of management as compared with a few months ago. And he had an explanation for the stock market's strength. According to L. O. Hooper, an alyst for the brokerage firm of W. E. Hutton and Company, the one thing to keep in mind is that there is too much money and not enough people willing to sell stocks. Hence, no decline as many had been expecting. The business recovery, while it surprised many for its vigor in June, apparently got a new lift Irom the Middle East crisis, ac cording to the experts. These experts found one big problem in the situation and that was inflation. Not long ago, the lug problem that worried every one was deflation. Inflation forces are seen as build ing up the huge government spending program which will pro duce a delicit estimated to run as high as 12 billion dollars. The debt limit has been scanned and action is being taken to push it up to 288 billion dollars. It lAitW League Klamath Falls (To the Editor) Please, Mr. Editor, print this let ler, I sweat blood composing it. I wrote one along the same lines last year and for one reason or an other it was not printed. I am sure that you will agree that too much appreciation can not be shown when something good hap pens in our community. There is a family joke of long standing in our home, when I am very unhappy over something I say that I think I will write a let ter to tho editor. Actually this is Ihe third one I have written and they all happened to be letters of appreciation. Last night when my husband was reading the paper, the sports page undoubtedly, he asked me why I didn't write a letter to you. I must have looked absolutely blank, I ain't been mad at nobody. He asked me to try again to ex press publicly our appreciation to the Recreation Department for its fine work in organizing base ball, especially in the Little League status. Last year it was the soft ball league we worked with and that I wrote the letter about. At Ihe end of the season my husband, lor one. said to Mr. Bonney that this town needed Little League baseball. Mr. Bonney said he agreed and in mid-winter a public meeting was called for all in terested people. Hang, this spring we have six teams playing. We know it wasn't that simple, that it look many, many hours of planning and lots of work but ail those people who did that plan ning and work must have been amply repaid the nicht of the Jam- Pogo Margin Ituving By SAM DAWSON AP Business Ncvs Analyst NEW YOHK (AP) Buying stocks on margin h.is the pleasant fldantage of letting vou stretch your cash and make a biggrr prolit if you're lucky. It also has the unpleasant factor of in creasing your risk and adding in terest payments to your loans if you're unlucky. In other words, to buy .stinks partly on the cuff takes strong nerves and moie tnuimg skill than cash hming if ou'rc to escape ulcers. Let's look at how margin trad ing works, what it will cost, and when the broker will tap you on the shoulder to put up more money or sell you out. First, there are soire do's and don'ts you have to follow. The Federal Reserve has just said that in any new or expanded TO ( I BflU ' ADAM'S BUPOV T-Af ' ) 1 SL'T ' m 4jw n ) ) csisr aus Btippy- loree at Gem Stadium. That was i sight, 90 boys proudly wearing heir uniforms for the first time ind 12 men dedicated to helping hose boys play their best for 15 scheduled games. There was a sadness too because we knew there were hundreds more boys in the Basin who should be playing and couldn't because there weren't enough sponsors. I think I should start my thanks with the eight sponsors we do have. It takes quite a hunk of money to uniform and equip 15 boys, hut for the life of me I can't think of a better way to spend that motley than on active growing boys. Thank you Car-Ad- Co, Bob's Union, Hal's,. Don's, Parks Cabinet, Johns-Manville. Moyina Heights, and Weyerhaeus er. Next should come the coaches and managers. I don't knqw them all so I can't tell you about their time and how it is spent and their problems but what is true of ours is probably true of them so let me tell you about ours. Our manager attended all games and practices on crutches and one leg in a cast to the hip but he never missed a one until he went to the hospital for major surgery 10 days ago. (He came home last night and is doing fine.) Our coach gets home from work on the dot of 5, showers, changes and gulps his dinner and leaves the house within a half hour so he can make the five mile drive to the field in time for the team to have its warmup period. Another father, when his job al lows, loads the boys from here and the equipment in his car and takes them in earlier so they can have more time for warming up. We get cooperation from the par ents, lots of it, bless them all. One week the coach had to work late and couldn't have gotten to the field in time for the game so he stopped off at tbe field and I brought him a change of clothes and a sandwich. When he finally ate dinner it was 10 hours since he had had lunch. Thank you, gen tlemen, for those many hours put in on lop of a day's labor on the job. Last but not least comes Bob Bonney. We can consider it part of his job and that he gets paid for dping it, on the other hand I doubt if he got an increase in sal ary for organizing the league. I am sure public aknowlcdgmcnt and appreciation will make . his extra work even more worthwhile. I can imagine Mr. Bonncy's satis faction in having 90 boys kept busy and out of mischief. Personally I know right next to nothing about baseball and its rules and regula tions but foul weather or good, illness or good health I simply can't miss watching our team play ball. All our parents must feel the same way because our boys have yet to win a game and still we have the biggest and I might add the loudest rooting section in tbe league. There was, lo me. a very star tling article in one of the leading national magazines this month. i about the pressures being brought I to bear on the Little Leaguers all over the country. I fully realized the importance of this when about the same time we received a let ter along the same lines from the recreation department. Since re ceiving that letter we rooters have quieted down, the boys complain that they miss our yelling, but we can't chance the opposing rooter: thinking our dire threats in fun arc serious. Surely everyone agrees that good sportsmanship is the important lesson to be learned in any game. If anyone in Little League plav thought we needed to be pulled up short on that score then I am glad we were. Our heart felt thanks to everyone donating time and money to the organizing of this league, and here is to a bigger and better next year. Jean Young 1613 Halsev MILES LATER WZI HOT DOG OR VWErl TVlEy GET M SOMETHING PtiflT fl MtJ OFF THE BEATENl ST4RVIM7 WHEM rSUU OT&T i nitea rress international WASHINGTON President Ei senhower. In citing Comdr. W. R Anderson for his historv-makinc trip under the polar ice cap in the atomic submarine Nautilus: "This points the way for further exploration and possible use ot this route by nuclear -powered car go submarines as a new commer cial seaway between the major oceans of the world." HOLLYWOOD - Crooner Ring Crosby, chiding photographers busy snapping pictures of his new ly born baby boy: "Hurry up, fellows, the kidf tired. After all, he had a rough day." English Motorist1 Calls Home For Aid LONDON (UPI)-An English motorist in Moscow awaited a new windshield for his car Satur day after asking .for and getting possibily the longest-distance road service ever supplied by the Brit ish Automobile Association. The motorist telephoned the BAA here Friday, said his wind shield was broken and he couldn't find a satisfactory replacement in Moscow. An hour later the BAA air-freighted a new glass, special ly packed and ready for installa tion. It was expected to reach Moscow within 48 hours. YOUNG LOVE ROCKFORD, III. WI Rockford police have heard many a tale of marital difficulty, but this one beats all. They arrested a delin quent 14-year-old wife who com plained that her husband of one year was running around with a younger woman. The 14-year-old's husband is 26. Her rival is 12. The "hurst" at the end of a name of a village or town means that plenty of trees are in the vicinity. MEATORAMA Win 3,SO , Swlmminr Fool, motor boot and 91 other prlirf. ARROW FUEL CO. BALSIGER OIL CO. CLIFF YADEN'S FRANKFORD FUEL CO. GENERAL PETROLEUM JAY HAWK PETROLEUM PEYTON & CO. RICHFIELD OIL CO. SIGNAL OIL CO. WESTERN OIL AND BURNER CO. PLANS VISIT NEW YORK (B-The Old Vic one of London's most renowned acting companies, is coming to the United Stales this fall for its first coast-to-coast tour. On previous visits, the troup has played in onlv five American cities, none farther west than Chicago. This tour be gins in San Francisco September 16, proceeds to Los Angeles and then eastward via principal cities in hoth this country and Canada before reaching Broadway in De cember. Ihe repertory is to in elude "Hamlet," "Twelfth Night" and "Henry V." WINNERS WIN NEW YORK W-Two winners of awards for recent distinguished work off-Broadway are getting their Main Stem big chance now. Anne Meacham, who received sev eral citations for her perform ance in Tennpssr-e Williamc' de District." lias-signed to appear in "The Legend1 of Lizzie" by Reg- iiiaiu Lawrence, to direct the drama, tbe producers have named Stuart Vanphan whn umn l.,.n for his staging of Shakespearean piays in central r"ark. One of the handicaps faced by Napoleon's armies in their retreat from Russia was lack of salt nec essary to help heal their wounds. 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 Arrival of Newcomers to Klamath Falls No cost or obligationl Phone TU 4-6185 FAIRGROUNDS Klamath Falls T;ue9s :7A"u MATINEE AND NIGHT DAILY 2:15 and 8:15 p.m. 10th Annual Klamath Falls Shrine Club " PRODUCED BY Mighty Amalgamated New 1958 Edtfioft A IOP VAlUt IK FINE EH1CCTAUIMEHI IL IAXES WCIUDCO M Wlil PtlCIS 3000 Gen. Admission Seats - Adults $1.50 Children (Under 12) 75c RESERVED SEATS Adults & Children $2.00 & $2.50 SEATS NOW ON SALE at Shrine Club Office, Old Klamath Armory, Cor. Main and Spring Sts. and at the Fairgrounds before each performance Open Daily 9:00 a.m. to 5:00 p.m. TlJ...'lll,llJ'lJg1!l.l.'l,14l:lllHH.li:iVfl:TT.Tl 'SDRUG NEEDS 89c 1,75 98c LISTERINE cREaRLoO BAN DEODORANT 69c iio 69c O0 iDW FRUIT " TUSSY NUTRI-TONIC CAVED LIP STICK SHAMPOO :AVtK 60' l50 79c 43c MUM DEODORANT AND Simulated Pearl Necklace J. & J. BABY SHAMPOO BOTH g 0 59e Bottles QQ FOR 00 I iL FOR... 0C TOP BRASS GEM NAIL CLIPPER TUSSY Revlon's Non-Greasy FREE I1AJ Hair Dressing For Men With 98e Pkg of SHAMPOO l00 GEM BLADES 1 DESERT FL0WER I SEA AND SKI SALT TABLETS BEAUTY ICE for sun tanning IOc I50 AQr.110.149 w 1 U7l I IV " 11 For Summer Fatigue BUY THE LO-WAY, ON THE HI-WAY LEE HENDRICKS "YOUR NEIGHBORHOOD DRUGGIST" 2212 South 6th St. Phone TU 4-4321
