Herald and news. (Klamath Falls, Or.) 1942-current, December 28, 1958, Image 3

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Herald and news., December 28, 1958, Page 3, Image 3

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Newspaper Page TextSUNDAY. DECEMBER 28. 1958 HERALD AND NEWS. KLAMATH FALLS. OREGON PAGE S A Business News By FLORENCE JENKINS Bids will be opened at S p.m. on Jan. S by the City Council of Chiloquin at the Chiloquin City Hall for construction necessary for the completion of the Chiloquin city sewage treatment plant . . . work consists of installation of the necessary piping, equipment, con trols and other accessories re quired to place in operation a trickling filter and rotary clarifier plus other incidental work neces sary to complete the treatment facilities . . . plans'and specifica tions available at the Chiloquin City Hall and from William L. Wales, Jr., civil and structural engineer 4512 Clinton Ave., Klam ath Falls ... $25 deposit. Cattlemen are approaching a long period of high prosperity, predicts the Kiplinger Agricultural Letter ... it says the "cyclical pattern of the industry will smooth out . . . eliminating soaring beef prices when production slumps fol lowed by runaway production that results in lowered prices of beef" . . . optimists among cattlemen think the strong demand for cat tle by farmers wno feed and fatten them for market may tend to curb too rapid expansion of breeding herds, thus stabilizing the industry, the letter says. Holiday greetings from the Frank W. Johnson family of Klamath Falls is a special enclosure on legal size paper carrying a line map of Oregon and California , printed across the top of the page are the words: Here is your in vitation to visit Oregon and the Johnsons in '59 for the Oregon Centennial celebration" ... the California map is marked with spots visited by the Johnsons in 1958 and the Oregon map desig nates Portland (where the Exposi ton and Trade Fair will be held) . . . Salem (the capital and from whence came Doris Johnson's ap pointment to the Klamath County Public Welfare Commission to serve until 192 . . . also Crater Lake, Diamond Lake, Mt. Thiel son, Upper Klamath Lake and Klamath Falls ... "Special pro grams in every city," reads the legend on the sheet, "The Oregon Centennial Exposition and Interna tional Trade Fair in Portland from June 10 to Sept. 17" ... the Invitation was mailed to friends and relatives across the nation and in Europe. A 1000-pound per hour potato chip cooker will be installed Nalley's new potato chip plant at Tigard, according to L. Evert Lan don, president . . . the new cook er, most modern in the industry, will give Nalley's Oregon company four times the capacity of the. plant which burned on Aug. 6 at Springfield. . . . Construction is to start shortly after Jan. 1 on a 6'i-acre tract . . . cost expected to run $350,000 and approximately 40 persons will be employed . . . the building will be 30,000 square feet with the manufacturing area and potato storage room of "con crete tilt-up construction with a flat roof. etc. . . . Matt is factory repre sentative for white and buff lock er wrap, costume jewelry, dog supplies, garden tools and acces sories, household and mechanic tools, Badley and Del Rogue Canning Co. products, M a 1 c o aluminum foil and others. . . . Were trying to slart out with only the number of lines we can teally handle," Matt said, "and we'll take phone orders and de liver." 0 flrant Cosgrove, who formerly handled public relations for Ore gon Tech here, has been named chairman of the education com mittee (Colleges) at Portland by the Oregon Centennial Com missioners director, Anthony Hrandenthaler. Carling Brewing Company has purchased Heidelberg Brewing Company of Tacoma. . . . Heidel berg will be designated as a di vision of Carling s Brewing Com pany and that plant will continue to produce under the Heidelberg JaDel. 0 Blilz-Weinhard Company, now in us nurd year, is the oldest brew ery in the Pacific Northwest, and was the first big company to start promotion a year early for Ore gon's 1959 Centennial . . . . Ru Lund, marketing director for Blitz-Weinhard at Portland, stated that, up to the first of Decern ber, his company had shipped fi3.000 fir seedlings and more than 90,000 "passports" through out the United States to promote uregon and the centennial. . Blitz-Weinhard has chosen the Herald and N'ewc at an tvor. fising medium to carry on its fine promotion and advertising pro gram. John M. Fulton, corporate rep resentative in the Portland area for Crown Zellerbach Corporation, wan wnich (and its subsidiaries) he has been associated since 1928 is new president of the Portland Chamber of Commerce . . , new treasurer is Jack Meier, vice president and secretary of Meier & iranK to., inc. . . . Robert M Hall, vice president and Portland manager of Blyth & Co., is new secretary of the Portland cham ber. 0 The Telephone Almanac has been received from Thayne W. Cole local manager of Pacific Tele phone . . . reading from the back. we find: . "The time used in the sunrise and sunset table is local civil time ... to change to stan dard time, decrease the local civil time by four minutes for each de gree your station is east of the standard meridian, or increase the L.C.T. by four minutes for each degree the station is west of the standard meridian" ... it is a very interesting book. ALW a; w ) wa v- M l ItJjLl l . hi".mm fawn im n nl uitt A LOT OF ITEMS had to be sold to make a total of Wall Street Sees Hope Of Capital Gains Dip onated by .Norman Dutfy and Dick Hicks of the two Market Baskets, Ninth and Pine, and Shasta Way and Division, to the band of Klamath Union High School. The amount was added to other money raised to help finance the trip to the East - West game at San Francisco for the between halves pageantry in which the band participated Saturday. The management donated from one cent to five cents on certain items of food sold to help swell the travel fund. Norman Duffy, right, presented the check to Andrew Loney Jr., music director, Klamath Falls schools. Dogs Receive Water 'Rights' SAN JOSE, Calif. (AP) - Mac and George, a couple of rich mutts, are joining the ranks of San Jose Water Works stockhold ers. Mac is a part Irish terrier, part everything else. He's 10. George Family Search Goes By Jeep In Wind River The National Foundation for In fantile Paralysis, Inc., is now known as The National Foundation (supported by The M a r c h ' of Dimes). . . . Walker J. Larsen of Lansing. Mich., has been ap- pointed state representative of The National Foundation in Oregon, ac cording to Basil O'Connor, presi dent of the March ot Dimes organi sation . . . Larsen will work with the volunteers who make up the membership of the 36 chapters in Oregon . . . headquarters will con tinue at 304 Park Bldg., 729 SW Alder. Portland ... he succeeds .lank W. Maior, who has been transferred to Northern California Retirement of T. Ray Conway at Portland as manager of Oregon State Motor Association and the appointment of A. N. Weir, present assistant manager, to succeed him as head of the Oregon AAA motor organization is announced, effective Jan. 1. . . . Conway joined AAA in 1927 in the public relations department and became manager in 1933. . . . Weir has been with the association since 1939. Westinghouse Laundromat Store will open soon in the Town and Country Shopping Center on So. 6th St. "Our ability to take care of New Year travel demand will be very much aided by travelers making arlv reservations and especially purchasing tickets in advance of departure time," was the state ment made by K. u. MrnpamcK, general sales manager of Western Greyhound Lines, a division of The Greyhound Corp, Stan Miller of Crater Lake Ma chinery Co., Klamath Falls, was among the 500 Caterpillar dealers from 125 dealerships in the U.S. and Canada attending the Phoenix sales conference at the Arizona Proving Grounds of Caterpillar Tractor Do., on Dec. g-12. . . key top personnel from Caterpillar's sales, promotion, engineering and research departments headed the conference. PORTLAND, Ore. (AP) A posse in search of the missing Ken Martin family moved by eep Saturday in the mountainous Wind River country some 45 miles up the Columbia River gorge from Portland. Men from sheriff's offices in Clark County, Washington, and Multnomah County, Oregon, joined Bill Welsh of the U.S. For est Service. The posse planned' to comb backwoods roads and check cliffs which drop some 400 to 500 feet from a winding mountain road into the Wind River beneath. -Sheriff Clarance McKay of Clark County said the Martins who bought gas the day they dis- anneared at Cascade Locks, ore., could have crossed the Bridge of the Gods there. This would have taken them across to the Washington side and into 'the 'Wind River country which Welsh said Martin knew and visited several times. The family vanished Dec. 7 after leav ing home in search of a Christ mas tree. Mr. and Mrs. Martin were ac companied by their three daugh ers, Barbara, 14; Virginia, 13; and Sue, 11. The Wind ' River flows from a lake in the mountains of South western Washington and empties into the Columbia just above Cascade Locks. is a four-year-old mostly cocker spaniel. Neither will ever have a worrv as to where their next meal comes Irom. Their late master, Thomas F. Shewbridge, directed in his will that the profits from his $100,000 estate go to providing for his two pais. "I wish the dogs to have the best of care," he wrote in a will dated Feb. 26, 1958. The 50-year-old childless widower died Dec. 11. His will, filed for probate Fri day, ordered all his assets, includ ing a 17-acre valuable prune ranch in nearby Campbell, turned Into casn He then said common shares of water works stock should he bought with all dividends going ior me care 01 ine nogs. ine stock closed Friday at $53. it pays an annual dividend of $2.40. The American Trust Co., admin istrator of the estate said it will come to $80,000 after taxes or 1,500 shares. That'll mean better than $3,000 a year for Mac and George. anewnnage put a 20-year maxi mum on providing for the dogs, Alter that period, the entire estate is to go to any surviving legal heirs. By ELMER C. WALZER I PI Financial Editor NEW YORK (UPH-Wall Street looked upon the remarks of Stock Exchange President Keith Fun- slon as a possible forerunner of a drive to bring a reduction in the capital gains tax. Funston. speaking before the Minneapolis Junior Chamber of Commerce, said the stock market mirrors a shortage of stock pres ently available to meet investor needs. There presently are some five billion shares lisled. valued at SJ.V) billion. That's a lot of stock hut it is a fact, as the experts note, that the floating supply is small too small for the market's good. Funston notes one can buy a stock if he is willing to pay the nrice, but when the supply small he often must bid high for his stock. And when he wants to sell he also may encounter a thin market which might bring a sharp decline. One reason for this shortage. Funston explained, is the demand evidenced by individuals and in stitutions who have confidence in the ability of the nation to grow and who also want to hedge against inflation. He gave as another reason, "our antiquated and totally un realistic lax laws, particularly the capital gains levy." These laws, he said, "have caused in vestors to lock up billions of dol lars of stock, rather than pay the whopping capital gains tax pen alty levelled against successful investments." He would reduce the holding period for long-term capital gains from six months to three months and cut the "penalty on success ful investing" from a top of 25 per cent to Wi per cent. Last session of Congress saw a hill introduced along these lines by Earl Wilson (R-Indl. He had planned to reintroduce the bill in the 86th Congress provided a con templated survey would show the Treasury would gain rather than lose revenue by the legislation tie was defeated in the recent election. Now James B. Utt (R-Calif) stands ready to introduce a sim ilar bill. He recently made that known lo William Jaikman, pres ident of the Investors League which has been working for such legislation for a long time. I personally am firmly in fa vor of the ohjectives of this lecis- lation and will personally intro duce it in the 8fith Congress." Utt said. The hill as drawn up by iVilson provided that the revenue com ing from the capital gains taxes he applied to reduction of the na tional debt. It is believed Utt will make a s'milar provision in the bill he presents. runston also favored an option in the lax law that would permit an investor to sell a stock in which he has a long-term, capital gain without incurring an imme diate tax. if he fully reinvests the proceeds in a single stock in vestment within 30 days. He also favored modification of the double tax on dividends. He woiild free the first $100 of divi dends from taxation rather than as at present and raise the dividend tax credit from 4 per for the purpose of saving and ln rent to 10 per cent-and eventual- vesting in the companies that pro u er T"". . duce ,nese Products," he saiif ,,c iiiuiimru diMi nidi n la vored use of more credit for stork market purposes. "We happily encourage people to borrow in order to buy 90 per cent for a house, up to 75 per cent for an automobile. 100 per cent for a washing machine hul we virtually prohibit borrowing Chas. J. Cizek TAILOR Suitt t Slacks Mad M Order Perfect Fit Guaranteed 119 SOUTH 7th The jet age of commercial air line travel came in with a whoosh for Esso Standard Oil Co ... it has ' been awarded the largest fuel contract in commercial avia tion history under which the com pany will supply the fuel require ments of American Airlines' new jet fleet at eight major airports on the East Coast , . , according to the statement just received from Standard Oil Co., Inc., of New Jersey. Work will slart on Monday. Jan. 6, on construction of extensions to the sanitary sewer system tor East Chiloquin . . . work will be done by Jeske Bros., 1870 Pacific Hiehwav 99 N.. Eugene . . . field work has been completed by Wll Ham L. Wales, Jr., 4512 Clinton Ave., Klamath Falls, civil and structural engineer, for extension nf canitarv sewer svstem for West Chiloquin and it is hoped that bids can be invited for this work prior to the anticipated Feb. 5 comple tion date for the East Chiloquin work . . . completion of the Chilo quin city sewage treatment plant is necessary before the East and West Chiloquin sanitary ' sewer system extensions can be put into operation. Mr. and Mr. Ceril B. Matt will Hart their own wholesale grocery business, Crown Wholesale Gro cery Co., Mil Owens St., on Jan. 1 . . . lines to be carried at the warehouse will include Libby's canned foods, brooms, Wells La mont Gloves, ostrich feather dust ers. Guest Ranch toilet tissue. M D Paper napkins. Presto Log profit meters, sweeping compound. Concord chunk tuna, dust, deck, polish and sponge mops, Avalon brand flake tuna. Dial Hotel soap. Major health problem In Alaska is tuberculosis, but public health services are getting it under con trol. Leads Heart Fund Drive Adding Machines - Calculators FOR SALE - RENTAL - LEASE Factory TRAINED Service Technician CLIFFORD C. VOIGHT, Mgr. Friden Agency KLAMATH FALLS MEDFORO Phone 4-3716 41 So. Grape, Ph. SP 2-4100 BANK DEBITS DOWN Total bank debits in the Klam ath Falls area for November were down 10.7 per cent from October, but up 5.2 per cent from last No vember, according to the bureau of business research at the Uni versity of Oregon. The bureau col lects reports of debits from all over the state. The November to tal for five banks in Klamath and Lake counties wai $39,911,013. Total debits for the state in No vember, according to reports from 167 banks, were $1,806,370,812, down 7.0 per cent from October and up 5.8 per cent from Novcm her last year. F. C. Murray, Klamath Falls attorney, has accepted the appoint ment of Klamath County chairman for the 1959 Heart Fund campaign of the Oregon Heart Association. Announcement of the appointment was made by Eddie Mays, Port land, state chairman. The success- ful 1958 campaign was headed by Bob Mason, operations otticer, u.a National Bank, Town and Country Branch. . . The camoaien will be held dur ing the month of February, and will be climaxed on February 22 when thousands of volunteers over the nation will stage a door-to-door Heart Sunday campaign. Murray and other county chair men from throughout the state will attend a pre - campaign meeting January 17 at the university oi Oregon Medical School, Portland, where they will learn first - hand how Heart Fund money is spent tor research and education. A BIG BANG SANTIAGO. Chile (UPI) A child set off a firecracker in the town of Lonchoche to celebrate Christmas Thursday and burned down the town hall. Fully Automatic Cleaner ELECTROLUX" raclorr-AalhnrlioS ! a.rTta. TARKEL TWEET h. 4-7167 25S0 White St POLICE WANT RAISE PORTLAND (AP) Police here asked the City Council Friday for a $16 a month raise as of the first of the year. The city's fire men previously asked a similar increase. Dependable Coverage MAYFLOWER AUTO INSURANCE Rfminnahl Rfttti VERN W. IMLEY nm rrio tn. wwa. nfflc. Phoo l-MM SUM h T.V. SALE NEW & USED Drastic Reductions NEW ZENITH & DUMONT TV USED ALL MODELS RECONDITIONED 30 DAY GUARANTEE J. W. KERNS 734 So. 6th YOUR 1959 CALENDAR NOW AVAILABLE 1 TfclX - it'. FKWn-. A -'i eft 2 This iportsman con portrayed in foil color on Columbian Optical Compani 1959 Cel ndir will make beautiful framed picture for your home. Ask for your FREE Clair Fry "Old Timer" calendar todayl COLUMBIAN OPTICAL CO. 730 Mil Stmt Ph. TU 4-7121 We Give '-i'C Green Stampi NEWBERRY'S l! mi 1 1 'i; V V u www Urn Hundreds of Items On Sale At Close Out Prices. Just a Few Listed Below - Men's Broadcloth Shorts, Reg. 59c 2 pr. 88c Girls' Slips, sizes 6-12 1.27 Girls' Nylon Dresses, Reg. 3.98 2.47 Boys' Flannel Jeans, broken sizes, reg. 2.39 1.19 Head Squares 77c Ladies' 60 Wool - 40 Rayon Gloves 77c Jewelry Special - 2 for 88c Household Rubber Gloves 37c 9-12 Rugs, reg 39.95, save 10.00 29.95 22c 37c 4.77 99c 77c Textan Insoles, reg. 29c Paper Napkins, 250 count, reg. 49c Blue Mist Dinnerware, 16-pc. set 26 Qt. Jumbo Copper Waste Basket v Lanolin Plus Toiletries, Reg. 1.00 Odds & Ends Children's Oxfords, reg. 2.98 2.77 Mi WASH-WEAR PRINT COTTON 44c 36" wide in wnonderful deep tones, foshion-frtsh designs. Need hardly any ironing! Vol. to 1.29. yard RICH PINWALE CORDUROY Solid colors mimic precious stone shades! A superb cotton corduroy for J mfc innrttujanr hnme riarrirnt inn ik M .... 36-INCH COTTON FLANNEL Soft and colorfast . . . perfect for children' wear. In solid colors: white, VflA pink, blue, moize, lima. J I I Reg. 39c. yard ' NIGHTTIME FLANNELETTES 37 Cozy, 36-Inch cotton flannel In sleep-time prints for the whole family, Yerd 36" PRINTED CORDUROYS 66' Velvety cotton corduroy In brilliant plaids, flower effects and elegant stripes! Regularly 99c. Yard .... SUEDE FLANNEL Extro fine suede flannels in beauitful patterns ond plaids. Yerd 37 Cotton Print Remnants Clotaout 825 Main , O People Read SPOT ADS - you are 'On. Omar I. Nsln and Dsn .. Harlot, Sr. j.j.Yleiijxtevmco.