Herald and news. (Klamath Falls, Or.) 1942-current, May 25, 1959, Page 2, Image 2

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    I
PACK TWO
HERALD AW NEWS. KHMVTH TALIS. OREGON
MONDAY, MAY Vi. 19S9
"DENNIS THE MENACE"
fiiw
Agricultural Service'
Reports Big Increase
In Red Wheat Exports
Ilk' 'rwtfcir rhe 4-partmen'i
Paid trirfiftiiai w-t-sued not.
WASHINGTON' 'l'PI The For
eijjn Agricultural Service 'FAS'
Saturday reported a "substantial
increase'' in Soviet wheat exports
into free world markets.
It estimated the wheat imports
in 1WW to these markets would
reach 33 to 40 million bushels or
more.
This compared with the previous
post-World r II record of 36.
sno.ono bushels, set in 11M-S2. and
IW-SH movement of about lSnrK).-
Vfi bushels from Russia to the
West.
rope.
The agency said the Soviet Un
ion appears to be making a con
siderable effort to establish perm
anent casn markets in free world
'ScBi if Ycvte e'e8 lonems, all ya mm ookcau,
MRS, KITTY, KITTY. KITTY. . "
Small Advance On Mart
Led By Railroad Shares
By ELMER C. WALKER
I PI Financial Editor
NEW YORK it'PI) Railroad
(hares led a small advance on
the stock market during the week.
The carrier group came to the
rescue of the general market af
ter It had gone through sc eral
periods of unsetllement. On Mon
day the tobaccos were driven
down in recurrence of cancer
stories. On Tuesd.iy the sugars
got a beating when Cuba passed
an agrarian bill that would con
fiscate American holdings. On
Wednesday the electronics hit an
air pocket when a leading broker
age house took Raytheon off its
selected stock list.
On Thursday the rails got into
action. They carried their rise
further on Friday and closed the
week at lb!) 67 up 3 77 points for
their averase which ' was at its
best level since Aug. , 19.".
Industrials llnished the week at
S.T4.74 in their average, up a tiny
0 21 point. Utilities lost C M to fin
ish at 91 26 and the 85 stocks used
in the three averages rose 0 74 to
end the week at 216 43. I
Volume fell off which was con-1
udered a good sin. Sales totaled
15.OT9.910 shares for the week, a
daily average of 3.193.982 shares.
In the previous week sales to
taled 18.1I5.4W shares or a daily
average of 3.653.091 shares.
Business news continued to ra
diate the brilliant recovery from
recession. Business leaders looked
THE
ONE-MAN "BRIGADE"
r
RANDOLPH
fSCOTL
RIDE
ID1IES0ME
niNUAND IXCITINOI"-
The
7WHea4e4
re
OPEN DAILY 7:00 P. M
ENDS TONIGHT!
GOVSUTTIE
fysgiAcitE
TaTiMisirillM
E
MNtf AHTHIiNV
lfr FONDA PERKINS
1-7 TIN STAR
Cy Blsy PALMER Mckl RAY
LAST 2 DAYS!
HEfTTw-M NGANO LINDFCRS- HORN-':
stwi rmoKT i
' LOREM QUiNN
i
into a bright future in their dis
cussions of the general situation
Auto, steel, construction, petrole.
um. rubber and other industries
received good bills of Health.
Meantime, the government re
ported new record highs in the
gross national product and in per
sonal income. Retail sales rose as
more spending money was avail
able. Unemployment declined.
With this background the poor
showing of (he market win attrib
uted to the fact that the list was
tired and in line for a reaction
Ke held' that there would be a
heavy selloff and most looked for
nothing worse than a period of
what market men call consolida
lion. Ail recommended strict se
lectivity in making new commit
ments.
A total of 1. 420L issues was trad
ed and of these 333 gained while
635 Inst and 150 held unchanged
A total of 133 made new highs lor
uie year and 124 made new lows
Gains in the railroad section
ranged to 4'i points in Northern
Pacific. Kansas City Southern
zaincd 3'i and Western Maryland
3-V Chesapeake L Ohio rose 2't
and gains of more than a point
came into Atlantic Coast line and
Baltimore k Ohio.
Ford gained nearly J points in
the motors where Chrysler rose
a point. U. S. Steel rose more
than a pcint. Ohio Oil gained
nearly 5 and Shell more than 3
to prove the exceptions in the pet
roleum group.
A long list of electronics issues
had a bad time of it during the
week with Zenith off 26'i points
and Raytheon off 10'j points.
Sugars regained part of their
losses and tobaccos managed to
get all of theirs back. Drugs pro
duced wide changes ranging from
a loss of 54 points in Smith. Kline
it French and a rise of points
in Merck. Metals moved ahead
wilb both coppers and aluminums
joining the improvement.
Several specials rose to
points, including Caterpillar Trac
tor. Coca Cola, General Mills and
motor products. Big losers includ
ed Cutler-Hammer. Bestwall iiyp-
sum. and Walt Disney, olf 5 to
more than 6 points. .
Raytheon led the market in
turnover. Sperry Rand was sec
ond with a rise of IS points. The
first had sales of 2X9.690 shares
and Sperry, 286.300 shares.
Sales running above 200.000
shares came into Avco and Glen
Alden, the former up and the
latter up more than 3. Aluminum
Limited. Thiokol. General Motors,
Brnguet, and International Tele
phone were next in turnover.
Council Fears
Tyke Deaths
By THE ASSOCIATED PRESS
Harmless - looking transparent
bazs have become death traps
because of a penchant youngsters
have of pulling the bags over
their heads and courting death
by suffocation.
More than two dozen tots have
met their death in this manner
already this year. The National
Safety Council fears the death
loll may rise to 100 before the
year is out.
The bags are the type used
largely by dry cleaning establish
ments for returning cleaned ap
parel. The material also is used
for covering pillows and crib
mattresses.
Legislation has been pressed to
have the bogs perforated or clear
ly marked "dangerous."
The Kordite Corp. of Macedon.
NY, claiming to be the nation's
ieading manufacturer of plastic
garment bags, announced Friday
it is supplying labels to cleaning
establishments to be slipped over
the hansers of clothes being re
turned in the bags. The labels
read:
"Caution. For safety reasons
keep plastic bags away from chil
dren as you would matches or
medicine."
But some officials hold that re
sponsibility rests with the parents
to keep the bags out of chil
dren's reach. A number of the
victims have been infants less
than a year old.
imDortins countries Th. practices are pronioi-.ro oy ine
of this effort will depend mostrai . ., , . . . ..
upon Soviet production and export Parmn ""stock di
policy. and East Europe's import vls,on h." J"? "umer
neeos.
FAS said there appears to be
little reason to expect east Eu
rope i import needs to rise above
current levels. Therefore, unless
Russia uses the wheat domestic
ally or stockpiles t, it is likely
to sell its surplus to free world
markets.
The agency noted that while the
Russians have not publicized their
wheat export intentions, trade de
velopments in recent months have
indicated clearly that a substantial
rise in exports a taking place. It
cited wheat shipments to France.
Japan. Algeria, The Netherlands.
Portugal. Switzerland, Afghanis
tan, Iraq, and Egypt.
WASHINGTON (CPU The Agri
culture Department Saturday hoist
ed a warning designed to steer
some lamb buyers from running
afoul the Packers & Stockyards
Act.
The department said some pack
ers, dealers, and market agencies
subject lo provisions of the act
are engaging in certain practices
that are injurious to producers,
in the purchase and 'sale of lambs
in prominent lamb producing
areas.
The warning was contained in
a department statement' defining
its general policy on current lamb
buying practices and how provi
sions of the P It S Act apply tu
Video Exec,
Actress Wed
LAS VEGAS. Nev. AP) Ac
tress Marie the Body) McDon
ald and TV executive Lou Bass
surprised their friends by getting
married in this desert resort oxer
the weekend.
They had been dating about
eight months, but both said the
decision to get married Saturday
was made on the-apur of the mo
ment. The ceremony was performed in
the chapel of the Flamingo Hotel.
Miss McDonald has been appear
ing in a show at the hotel.
It was the third marriage to-
the shapely 15-year-old actress
and the first for Bass., 36. Her
former husbands are actors' agent
Vic Orsatti and millionaire shoe
manufacturer Harry Karl. She
married and divorced Karl twice
Hof fa Offers
Strike Aid
BOSTON AP)-James R. Hof
fa. president of the Teamsters
tnion. says that if the steel work
ers go on strike the members of
his union will offer their support
Speaking Sunday before 2.50
Boston Teamsters at a communion
breakfast. Hoffa said he told offi
cials of the steel workers union:
"We will support you because aft
er the employers destroy you they
will destroy us. It is a common
light
In his speech. Hoffa criticized
the press, radio. TV, the AFL-CIO
and the Kennedy-En in labor bill
His union has been suspended
Irom the AFL-CIO.
"For the last two years you
have witnessed the greatest ex
pose oi this country, Hoffa said.
"The radio, television, the press
are trying to tell you that the
Teamsters are a menace to the
country."
He said that perhaps the reason
he receives what he described as
a poor press ;s that in some com
mumties his truck drivers make
more than newspapermen.
Referring lo the Kennedy Erwin
bill, Hoffa said: "After 24 months
of hypocrisy the sennlors and
Congress sit up and say 'We want
to protect the working man
against tiotta.
"I say it is their desire to de
stroy organized labor."
Hoffa pictured Sen. John F. Ken-
nedy iD-Massi as a man "who
couldn t find his way out at a four
room apartment with 12 doors
when it comes to labor. What does
he know about labor?"
Film Actress
Returns To Work
HOLLYWOOD I API
Crawford is hack in Hn!lvu-iww4 tn
make a movie after a three-year
aosence. I m only here for four
weeks." the nrire aiH
arrived Sunday by train.
Miss Crawford's husband. Pepsi
Cola executive Alfred N. Steels
aiea in .New ori five weeks ago
After his death. Miss Crawford
was elected a director of the company.
News Agency
Tells Rioting
TAIPEI. Formosa AP) Na
tionalist Chinas olficial Central
News Agency reported today that
more than lO.nno persons rioted
near Nanking March 17. killing
more than so Chinese Communists
who refused to Join them.
The report said Communist
troops killed more than 2uo peas
ants with machineguns and ar
rested mere than uo others.
in peasants reportedly were
inflamed hy the death from ex
haustion of a 7(-ear-old woman
assigned to car for It children
n a commune at th Yantie
BUY
Genuint
LIUI5
BOYS' 3.3S
YOUTH'S 3.5S
MEN'S 37S
LADIES' 3.7S
and Get
Green Stamps ,
DON'S
Don ArMa Q vrlf
117 Mm TU 4-J20
as a n..e or regulation itself, but
as an interpretation that certain!
practices are aonsidered uufairj
under provisions of the act.
Specifically, the department said
these methods of buying lambs
are considered unfair practices:
1. A buyer's limiting payment
for lambs to a de&ienaied average
weirht. and not paying the lamb
producer for any additional weight.
2. A buyer's subtracting weight
The agenry said these Soviet ,..- .h. i k
wheat exports were in progress! . ' .. ..
desoite continued lar .hinm-ts epar--ne-.: ' Prac-
to communist-controlled East Eu
ites result in the issuance of in-
correct scale tickets, invoices, and
other documents relating to pur
chases and sales and in mislead
ing market information. The de
partment said it believes such
ous complaints from lamb pro
ducers about methods used in
price discounting for excess
weight.
WASHINGTON 'VPI-Sen. Eu
gene J. McCarthy iD-Minn.i has
proposed that the Agriculture De
partment immediately start buy
ing hens to help meet the crisis
of falling egg prices.
McCarthy wrote Secretary of
Agriculture Ezra T. Benson that
a hen-buying program would help
"a segment of American agricul
ture which is in desperate need
of prompt action."
McCarthy (aid in a statement
Friday that the' government pur
chased hens could be frozen and
stored for the school lunch pro
gram or distributed overseas un
der the surplus food aales pro
gram, ne wrote Benson mat tnir
secretary's nrooosal for stepped
up advertising and promotion of
eggs was inacequaie to neip nara-
pre5se tig tarmers , wno rum
prices at their lowest levels in
more than 20 years.
WASHINGTON iLTI' The Ag
riculture Department said Saturday
a 1 per cent reduction Irotn last
year's planted acreage of nine
processing vegetable crops is in
dicated for 19.VJ.
This year's planted aereag is
expected tx be 10 per cent less
tnan average, the department said
Declines from last year: Beets
for canning, 10 per cent: cabbage
for Kraut 'contract acreage only),
4 per cent: cucumbers ior pick
les, 10 per cent; green peas. 9
per cent: and tomatoes, 14 per
cent.
Of th nin crops, changes up
ward ar indicated for four: Green
lima beans. 1 per ten! more than
last year; snap beans, t per cent:
sweet corn. 12 per cent: and winter
and sprinf spinach, 22 per cent.
'The department said the changes
indicated fur all crops except
green peas and spinach are based
on reports Irnm processors on in
tentions to plant. Thes aertij.
intentions may be subject to soma
chanties before planting Is comDlet.
ed. The acreages (or green peat
and spinach art estimate ol
planted acreage.
Th department estimated th
total aereag for the tun process
ing vegetable crops at 1.522.311
acres.
TUES. & WED.
"LOVE SLAVE OF
THE AMAZONS"
Actually filmed in th South
Amtricen jungles.
Eastman Color
ARCH THEATRE
Sly, Orton
WEDDING ANNOUNCED
HOLLYWOOD APi Actress
Margaret O Brien has set Aug. I
for her wedding to art student
Robert Allen.
The couple announced Monday
that the ceremony will be held in
the Church of the Good Shepherd
in Beverly Hills with Anna Ma
ria Albcrghetti, the singer-actress
as one of the bridesmaids.
They will honeymoon in Hawaii.
full pound
UMITID TIMI II
fferfeCRElVIE SHAMPOO
THE SHAMPOO WITH CHOLESTEROL. ..THE HEART. OF UNOUN
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RENT this easy-to-use
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11th & Klamath
SAVE
ur TO
$102.75
em ftt nmt cornDttrlof
W Fttfljrn 500 any
mod antr) beiter. radio
and automate transmission.
L I
Fit. E '
iv WAXING Ti
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MORI
en other acctssoritt.
And if you want a completely
quipptd car wdudn atr
tondrtvytinf. savt up to
SAVE
ON
ALUMINIZED
MUFFLERS
that rtsst oorrrmon batter
than aiutninum itself, normally
last ranct at long
as ordinary mufflers .
on othar cars.
with anurtnf new Diamond
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SAVE
The savings were never bigger .
the deals were never longer .
now during
at your t
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Surer starting at no artri cost j Xgy'iia'
T2
Economy mver InnV.d so good as th
Ford Custom 300 Tudor (ekoct) huutifuUf
demonstrates. And the Cslari duo Victo
r's dnreground) has th netting Thnndar
bird kind of glamour all America goe for.
Because Ford is selling the most cars, Ford Dealers are
giving the best trades now during Dividend Daysl
Check the dividends you get in
Ford like those on the "Big Board
above and you'll agree Korrls are
built for autingt.' Then, check the
dividends you get in comfort-like
wider doors, full-depth seat spring
ing and easy-to-reach trunk space.
Youll se why thev say, "Fords are
built for propter Now, check the
better deal you can get on the
World" t 'Bent Srller" during Divi
dend Dayj at your Ford Dealer's!
When you get all the farts, youU
surely want to go Ford-
1
WCEIf5 MOST SL'ZllFJlZf FKOPCKHDNED OUtS
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