Herald and news., August 11, 1959, Page 7, Image 7

HERALD AND NEWS. Klamath Falls. Ore.
Tuesday. August 11. 1959
PAGE SEVEN
mm. " ., -i...
EIGHTEEN PRIESTS gathered at Pauley Sunday, August 2, when Most Rev. Francis P.
Leipzig, Bishop of Baker, dedicated the new church of St. John, the Apostle. Pictured
are all but one of the group. Front row, left to right, Rev. Gerald Condon, Redmond;
Rev. Cornelius O'Connor, Tulelalce; V. Rev. Thomas McTeigue, Prineville; Rev. John Wei
don, OFM Cap., Bend; Rt. Rev. T. P. Casey, Sacred Heart Church, Klamath Falls; Bishop
Leipzig; Rev. James M. O'Connor, pastor, Lakeview; Rev. William Cashman, Bend; Rev.
E. N. Curtiss, Lakeview; Rev. Patrick J. Lunham, Chiloquin; Rev. Calvin Schwenk, Baker.
Back row, Rev. John Gaffney, S. J., San Jose; Rev. John Phelan, Merrill; Rev. George
Murphy, Pius X Church, Klamath Falls; Rev. Robert S imard, Sacred Heart, Klamath
Falls; Rev. Alfred Fisher, Dufur; Rev. Thomas Endel,' Burns; Rev. Harold Beegan, Sacred
Heart, Klamath Falls. Not pictured was Rev. John Cedilot, Alturas.
Ex-Resident
Blast Victim
The body of Mrs. Hollin (Eval
McDonald, 62, former resident of
Klamath Falls who was killed in
the Roseburg disaster last Friday,
was found crushed beneath the wall
of a building that took the full
blast of the explosion that wrecked
the heart of the city.
Further word of identification of
the body and circumstances sur
rounding Mrs. McDonald's having
been at that site were clarified
in a telephone call from Mrs. Paul
Angstead, a sister-in-law, in Rose
burj; ,to make funeral arrange
ments. Apparently Mr. and Mrs. Mc
Donald, who lived near the scene
of the blast, had walked toward
the fire that eventually set off the
fatal blast, as sightseers. McDon
ald, also critically injured, was
blown some distance from where
his wife met her death. He is in
a Roseburg hospital with a broken
back and many multiple cuts and
contusions.
Mr. and Mrs. McDonald left
Klamath Falls two years ago. For
a time he managed the Bon Ba
zaar at the Oregon Food Store
location on South Sixth Street.
Mrs. McDonald was employed in
the store. She worked elsewhere
in stores in Klamath Falls also.
Mrs. McDonald is survived by
son by a former marriage. Rich
ard Moore, Springfield; the wid
ower, Rollin McDonald, Roseburg;
one sister; six brothers, and five
grandchildren.
She was born March 20, 1897,
at Ingram Island, Benton County,
Oregon, daughter of a pioneer
Oregon family.
Funeral services will be held at
4 p.m. Thursday, August 13, in
Lakeview.
Army Private
Finishes Tour
Army' Pvt. Morris E. Wallis, 18,
son of Mr. and Mrs. Morris L.
Wallis, 2547 Ebcrlcin, completed
the final phase of six months ac
live military training August 1
under the Reserve Forces Act pro
gram at Fort Bliss, Texas.
During the' final phase, Wallis
received training in the duties of
a radar specialist and an antiair
craft artilleryman.
He is scheduled to spend the
remainder of his military service
with the 732 Antiaircraft Battalion
in Klamath Falls. '
Wallis received basic training at
Fort Ord.
He is a 1958 graduate of Klam
ath Union High School.
Lack Of Money
Foils Escape
FORT WORTH, Tex. (AP)-The
lack of a thin dfme blocked
btate Training bchool escapee s
path to freedom Monday.
Robin Lee Behrens, 16, fled the
Gatesville, Tex., school and stole
an auto. He drove to the Dallas-
Fort Worth area and motored onto
the turnpike between the -two
cities.
When he started to leave it, he
didn't have the 10 cents for the
toll and attendants called the high
way patrol.
Behrens was jailed in Fort
Worth.
The Gordon setter is a dog with
a coal-black coat and mahogany
or chestnut colored markings on
tyebrows, muzzle and legs.
Spencer's
Clearance
SALE
On Children's Clothing
Now in Progress!
Save Vi and More
SPENCER'S
61? Main
Typhoon Kills
Four Sailors
YOKOSUKA, Japan (AP)
Heavy seas generated by Typhoon
Ellen caused the death of four
sailors on the U.S. Navy's attack
transport Bexar, the Navy
nounced today.
The Navy said the 45-foot-long
Bexar was en route to Okinawa
Sunday when a huge wave broke
over her bow, washing two men
overboard and knocking seven
others against the anchor wind
lass and a bulwark. Two of the
latter died of their injuries.
Ulcer Survey
YORK, England (UPI) Too
much sugar may be more of
factor than the stress and strain
of business life in causing ulcers,
a group of doctors said today. A
survey, conducted among 2,600
ulcer sufferers showed more ul
cers among townspeople than
among country folk. Researchers
said ther"e might be some con
nection in the fact that town
dwellers eat more sugar than
country residents.
New Record High Vsewee!
For Stock Splits In 1959
By KI.MKR C. WALZER
NEW YORK il'PIi Stock
splits are heading for a new rec
ord high in 1959.
For the first half. Standard L
Poor's lists 158 splitups already
authorised by shareholders with
16 more waiting approval.
Disapproval is so rare that it
would be safe to add those 16 to
bring the total to 174 to date.
That figure beats any full year
except 1955 when there were 181.
Thus we have only eight to go
to set a record.
American Telephone 4 Tele
graph's three-for - one split, ap
proved by its stockholders April
15, accelerated the splitups wnicn
also were helped by a stock
market climate of bullishness sel
dom witnessed.
The telephone company's action
Session Set
By Medicos
Dr. William G. Hoi ford Jr.,
president of the Klamath County
Medical Society, will be one ol
the several presiding physicians
at the 85th annual meeting of the
Oregon State Medical Society to
be held in Medford from Septem
ber 23 to 25.
The sessions, which will be in
the Memorial Armory, will fea
ture more than a score of Ore
gon physicians who have been as
signed official panel and lecture
roles on such subjects as Early
Diagnosis of Lung Cancer," "Open
Heart Surgery" and "Emergen
cy Care of the Injured Chest."
There is an expected registra
tion of 800 physicians from the
Pacific Northwest and Northern
California for the convention
Host is the Jackson County Med
ical Society.
after years of turning thumbs
down on splitups. "took a lot of
wind out of the sails of split
opponents." says the ..Exchange,"
monthly magazine of the New
York Stock Exchange.
Telephone never had split its
slock before. And when it sud
denly took Wall Street off its feet
!y announcing director approval
of a big one, the speed of split
mounted.
Frederick R. Kappel. president
of American Telephone, noted in
his annual report to stockholders
that the split would make a wider
market for shares of the
company.
Ihe split and an accompanying
increase in the Telephone dm
(lend ot 10 per cent were seen as
strengthening the company's pos
ition for the large amounts of
capital needed to meet require
ments for telephone service.
Thus the nation's biggest busi
ness enterprise put its stamp ol
approval on stock splits after
years nf taking an opposite view.
The change, it is hinted, came
when tiie records showed a slip
ping in the number of stock
holders of this giant company.
American Telephone holds the
record for stockholders a total of
630,000 of them. It wants to
hold top place and took the stock
split way to keep its record, the
gossips assert.
According to Standard & Poor s
stock splits usually are regarded
as bullish, even though the stock
holders equity is unchanged. The
big reason for this is the one
American Telephone gives "The
proportionately reduced price
places the stock within the reach
of a greater number of investors,
leading to greater activity."
First printing press on the Amer
ican continent was established at
Mexico City by Juan Cromburger,
of Seville, in 1539.
Wanted!
6 Homes in Klamath
County to display new
COLOR ROCK' siding
and roofing. Phone
TU 4-8866.
ri ill innii
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nd MYERS
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ROBIN
Standard notes that a split fre
quently is accompanied by an
increase in the cash dividend.
?nd splits draw atlention to the
growth of a company.
Splits come when the stock
market is risins Candidates,
Standard finds, are those stocks
in the area ot $75 a share.
More of them come in the first
half of years than in the second
because many companies like to
seek stockholder approval at the
annual meetings which generally
come early in the year.
However, special meetings can
do Ihe trick if directors see fit
to suggest a splilup, and the
number of splits could be large
on the basis of high prices in the
market at this time.
Standard & Poor's lists many
Issues as candidates for splitups,
including such companies as
American Machine t Foundry,
Brunswick Balke, Coca - Cola,
Corning Glass, Firestone, General
Foods, Goodyear, Gulf Oil. lnger-soll-Rand,
International Salt, Lit
ton Industries, Merck, Minneapolis-Honeywell.
National Lead,
Motorola. Norwich Pharmacal,
Texaco, Union Carbide, U.S. Gyp
kym. U.S. Steel, and Western
Maryland.
Most of the splits so far this
vear were 2-for-l or 3-for-l. There
were several larger ones, notably
20-for-l for Inter - County Title
Guaranty and Mortgage and 12'-j
for-1 for Garden State National
Bank of Teaneck, N'.J. Several
had 10 for i splits, including Anglo
Scandinavian Investment. Energy
Fund and Great West Saddlery.
Pacific Telephone paid 100 per
cent stock dividends in the first
half. These are tantamount to 2-for-1
splits.
Slock splits have a tendency to
leed out a bit of stock to the
market which is hungry for ad
ditional shares since some of the
holders often elect to sell a few
shares after stock split.
Want Something
Delivered or Moved?
Phone TU 2-3737
CITY DELIVERY SERVICE
MAYTAG
The Quality Leader For
Over 50 Years.
WALLPAPER
30 50
OFF
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A D
1229 t. Main
STORE
TU 4-3324
STORE-WIDE CLEARANCE
AUGUST SPECIAL
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LUCAS FURNITURE
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PH. TU 4-3134
"You can't buy d more Service Free Dryer!"
Prices Start at $59?5
See the "Halo of Heat" Dryer,
Before You Buy.
MERITS
. 6th . . .
609 So
Ph.TU
Baking "cookies" for better roads
Congratulations .....
TO HAROLD CLARK ON YOUR ALL-NEW
BUY-LOW FOOD CENTER
And the installation of your new ...
"'rairri GENERAL m ELECTRIC
WEATHERTRON"
HEAT PUMP
We know that your customers will enjoy the year Ground comfort
supplied by, this all-electric unit that cools and heats by the ef-
ficient use of electricity only. Heats without fuel or flame, cools
without water - all by refrigeration.
' West Heat Pump Sales
"Forth best, St Wtsr!"
Yur Southern Oregon Dealer With Branches in Klamath Falls, Medford, Grant! Pais and Brookings.
"Cookies" of asphalt paving are baked and
frozen in our laboratories, so we can measure how
highways wear in all types of weather.
r
The man is William H. Ellis, one of Standard's
scientists who conduct many such tests to improve
highway materials and construction methods. We
actually build roads, subject them to crushing
pressure, try out many paving mixes, work closely
with highway engineers.
)
Our work benefits you both as a motorist and a
taxpayer. Asphalt costs less than any other pave
ment . . . three miles of highway for the cost of two.
You also get roads that resist skids, cut down glare,
make lane markers easier to see . .
are smooth, quiet and comfortable.
roads .which
Asphalt roads are ready for use within hours
after laying . . , cost less to maintain and can be
even stronger and better after years of service.
By such continuing research that brings you better
products at lower cost, fh peopa at Standard
an planning ahtad to irv you bffr.
Standard's asphalt products are made and sold by
American BitumuLs & Asphalt Company, a wholly-
owned subsidiary.
STANDARD OIL COMPANY OF CALIFORNIA
1