Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Feb. 8, 1960)
i HERALD AOT NEWS. TTIamani Talis. Or. Monday. Frh. B. 1960 PAGE five History Teacher Warned By Editor Of Newspaper vs By ELMER C. WALZER I'PI Financial Editor NEW YORK (i:PIIPr,nt v . ' Moore, editor of the Rcdlands uatty facts or Redlands. Calif- writes to warn history teacher i ( Edward Schweikardt of the ivjacK, x.Y., High School of what , he may do to the market. Schweikardt has hit upon the lormula of teaching economics through having his class buy a ' few shares of stock. What makes (he stock market tick includes " the economic events of the world .Moore recalls how during 1929 his high school teacher, the late Herbert Woodruff, did something similar. Instead of having his students buy their stocks, he "gave" each one a mythical 1100,000 to invest in five stocks. , What Moore is warning Schwei- " kardt about is the fact that when Woodruff did the same thing the " market fell flat on its face. The five stocks "purchased" ' Santa Fe, Bethlehem Steel, Gen eral Electric, Reynolds Tobacco, " and Standard Oil of California- fell, of course, with the general market. Moore sort of feels that since ' the market broke right after he and the class "bought" their ' stocks that they had something , to- do with the break. " "We even admit to having lit , (he fuse to this financial block ' buster," he says. "It was all " part of our education." Well, there's a good ending to this catastrophe. The stocks that '"the class invested its $100,000 in "proved to be able to make a good . comeback. New Missile Raises Hopes CAPE CANAVERAL, Fla. (AP) The successful firing of an inter- ' continental range Titan has raised America's hopes of narrowing the ' missile gap between this nation and the Soviet Union. - It also may provide the United 'States with a powerful new space vehicle. For the first time in nine months, a Titan flew successfully Tuesday. The 91 - foot missile roared from its pad and two min- 'ute later its huge second stage ignited for the first time. The 24-ton second stage, gen- erating 80,000 pounds of thrust, ' is the largest and most powerful ever fired in flight by the United 1 States. ' When operational, it will be able r'lo hurl a nuclear warhead 9,000 miles, maybe farther. The upper stage was not fully fueled Tues- day and traveled only 2,000 miles. '"' The firing of the Titan second "stage at an altitude of about 27 ' miles demonstrated the feasibility ' of using large liquid-fuel engines ' for space exploration. This engine ' is five times more powerful than ' any previously ignited in flight by the free world. , : DUTCH HIT DISCRIMINATION i.; ROTTERDAM, Holland (UPI) . Foreign Minister Jozef M.A.H. . Luns accused the American gov ernment Friday of "cleverly dis i criminating" against Holland by : its refusal to grant landing rights on the West Coast to the Dutch National KLM Airlines. Curtis B. Woolfolk, of the New ork Stock Exchange firm of Lester, Ryons & Co., located in Rcdlands, has calculated the val ue of these stocks as of last Dec. 1, the 30th anniversary of the market bust of 1929. Woolfolk found that the original $100,000 investment in 1959 had grown to $276,240, and cash divi dends to the amount of $127,283 had been paid on the stocks. "For having invested in these securities," says Moore, "we would have been $303,148 the richer today, if we had held them. That's before giving the Internal Revenue Collector the share he claims. "Certainly this contradicts the widespread notion that the stock market crash ruined all investors It was the man who bought on margin, or for some other reason had to sell his stocks when the prices were way down, who suffered. In the 30 years since the five stocks were bought, only one showed a decline. It was Atchi son, Topeka & Santa Fe which "cost" the kids $20,650 back there and as of Dec. 1 was valued at jik.hiu. cut it paid $14,810 in dividends during the period. Bethlehem Steel rose from an original investment of $20,060 to $110,160 and paid $48,240 in divi dends. General Electric rose from $20,000 to $54,000 and paid $14,900 in dividends. Reynolds Tobacco appreciated from $19,500 to $37,200 and paid $22,185. Standard of California ran up from $19,845 to $56,4 and paid $27,150. In 1929 when the original "pur chase" was made, the kids each "owned" 835 shares in these five companies. These shares had in creased through splits and stock dividends to 5,152 thirty years later. We don't want to make Mr. Moore feel badly but Schweikardt had his high school kids buy their stocks last year and the market didn't bust right away. It's a cinch, however, that one of these days a group of high school youngsters is going to buy right straight into a bear market. Perhaps they'll "hold" their stocks and measure the changes in 30 years. It's all in the interests of good economic education. Who knows but what one of the kids of to day's high school classes may devise a formula for ending busi ness cycles without resorting to socialistic devices? Who knows what the next 30 years will bring in the stock market? Will rails still be in dis repute? Will foreigners capture our steel market? Will people smoke as much as they do now record tobacco sales for 1959? Will the oils be as popular as they once were? Will General Electric be the big electronics wonder of the world? Wall Street says things never happen the same in the market, but its experts continue to advise keeping investments in sound stocks that will come back some day even if they do decline. CHERRY VANILLA Now's The Time To PAINT INDOORS H Make winter months decorating months. Amazingly easy with fabulous new Fuller interior paints. KITCHENS & BATHS are a cinch to paint with New Fuller Semi-Gloss Interior Enamel. , Eat iotpainting namtl you vt tver used I No'painty odor. Driot fait. o Quick cloan-up with detergont and wator. Point for ovorog-ilid kirch.n about. . $50 jfj mini LIVING ROOMS - DINING ROOMS - BEDROOMS J.-.V.V.-.X -...pointed, cleoned-up, rwdy to enjoy in 31 hours with Fuller Interior Latex CoH no more than ordinary paint. o 216 decorator "color. No painty odor. No open windows. - Paint for overage-sited room wf o CfJfJAA WW sir NEWEST WAUWEI PATTERNS for every mom in the houet Budget Plans! 2899 S. Sixth St. Phone TU 4-6377 Duller MINT 1 MASS STORES m LAJ-1 GLAMOR GIRLS 1 DESK- 1 LAMP 2. PHONE 5 TVPEkWTErz- tnti. tUT C) 1M0. Kin FMturM SyndiaU, Inc., Wot H rif hu im "Miss Franklyn, if you wish to resign . . .1" Commies Jail UPI Scribe HONG KONG (UPI) United Press International Correspondent Bill Yim has been sentenced to a year in prison in Communist Chi na on charges of "conducting spy activities, it was reported Satur day. The New China News Agency, official service of the Communist government, quoted its "Kwantung bureau" as saying Yim "positive ly collected our (Communist) po litical and military intelligence. . . employed monetary means in at tempting to lure and buy over personnel in our hotel." It said he had confessed and was sentenced Jan. 31. Yim was born in China 23 years ago but came to live in Hong Kong when he was three. The UPI Hong Kong bureau sent Yim to Communist China last July 19 to interview William Downey, who had been given spe cial U.S. State Department per mission to visit his brother John Texas Nudists May Ask Charter AUSTIN, Tex. (AP) - Texas nudists, who need a charter worse than they need new clothes, may go to court to get their charter. Their request for a charter was turned down for a second time Wednesday by Secretary of State Zollie Steakley. Steakley said such an organiza lion would violate laws against lewdness and indecent exposure. Rep. Don Gladden, Fort Worth attorney, said the main error in Steakley's decision is the pre sumption "that the mere absence of clothes constitutes lewdness and indecency." Gladden asked the secretary to reconsider his first denial, Jan. 26, "before we take action" in court. Basil is the Greek name for roy al, or kingly. Downey, one of five Americans imprisoned in Red China. The New China News Agency report said Yim was arrested July 28 nine days after he entered Red China. The last direct word received from Yim in Hong Kong came in a cable last July 21. It said only he would not be able to leave. Show & Dance featuring IN PERSON JAMES BROWN "GOOD, GOOD LOVING" "Please, Please, Please" "I GOT TO CHANGE" and the famous "FLAMES" PLUS NAT KENDRICK Singing His Current Hit "Mash Potatoes" ALSO J. C. DAVIS and his ORCHESTRA TTTartists 11 AUDITORIUM WED., FEB. 10 DANCING 9 - 1 $2.25 PER PERSON .Pi! JAMES CROW created the first TASTE THE GREATNESS of James Crow's created ine ursi modern bourbon- MaSterpieCC ! CROW Born 124 years ago. America's favorite today. $ 25 Sroo 3 45 Qt. Light' Mild '-86 Proof KENTUCKY STRAIGHT BOURBON WHISKEY OIDCR0W DISTILlERYCb.. FRANKFORT, KY., DISTR. BY NATIONAL DIST. PROD. CO. 1 tt M MOW OLDWOW L Blood Test For Asthmatic Can Tell If Death Near CARMl'X. Calif. ( AP) - A blood test probably is the best way to determine whether a person in an asthmatic attack is in danper oi dying, a specialist in lung diseases reported loday. A few drops of blood from an artery in the arm supplies the test si'tuple. It is tested for its carbon dioxide content. If the carbon dioxide level is high, the outlook is "ominous." It the level is low, a few simple pro cedtires, even a home remedy, can bring him out of it, said Dr Solbert Permutt, of Denver, Colo. Dr. Permutt, chief of the radio pulmonary division of the National Jewish Hospital in Denver, ad dressed the western section of the American Federation for Clinical Research. The records of 24 patients ser iously ill with asthma formed the basis for the finding. All the pa tients were fighting for breath inhaling and exhaling large amounts of air but getting no bet ter. Five of the 24 died. In all five of the fatal cases there was too OSBURN HOTEL EUGENE, ORE. Mrl. J. E. Earlry Jflo Carter Jr. Proprietor! Thoroughly Modern much carbon dioxide in the blood, meaning that the patients had been getting too little oxygen. The treatment was to give drugs HAVOLINE MOTOR OIL QOc Qt. In Cost Lots 1.70 Cash & Save Oil Co. 4315 So. 6th Quart Can that would relax the walls of the breathing tubes to permit a great er oxygen input. Compounds such as cortisone proved useful. i M the best chicken deserves the finest noodles MU$lOn egg noodles Lean Meaty, Blade Cuts Low Prices PLUS PQM steak GREEN STAM PS Practically Boneless, Well Trimmed PORK TOAST FRESH COLUMBIA RIVER SMELT Fancy Washington ROME APPLES fnC ib.Uv!ii DRY ONIONS Yellow Boilers 5-lb. Bag 29' PEACHES Bagley - No. VA Tin 5:$1 SUGAR Spreckcls 5-lb. Bag DETERGENT "Oreqon Food" Pkg. 59 NULADE EGGS Dozen Wesson Oil Quart Bottle 39 ipil bIack Cottage Cheese tuna U ' LB. Jp m CHUNK STYLE U J 70 c Borden's SC No. v Arc Oft' Pint Tub Zbi J Tins Oj 100 BAGSO CHIFFON I BONAMI I 's"c I RAINDROPS LIQUID DETERGENT 0 C nWWCI 24-oz. 4)0 C 22-oz. jrnC L for JJ 10-oz. OOc Size ZY Tin OO Size JJ " 1 TEE SANDWICH mmmmmmmmmmmmmmm' Early California CARNATION E Pitied Olives : ' Tl"S HEINZ ' FFIS NAPTHA CATSUP HORMEL KAISER Momn A 14-OZ. $100 VIENNA SAUSAGE HOUSEHOLD FOIL 63 4bo"'" 1 5Vn'T tf,'- 29 c KLEENEX T'SS1e MODESS PUREX lYLCCPICA 4 Roil QC r r -- 44oocr,$1oo p.ck 39 2"&T89C we. 35 SCOT VAN CAMP S LARSEN'S Wyandotte Select PAPER TOWELS GRATED TUNA YEG-ALL Pitted Olives 5150 Count $ "I 00 r No. Vi $ 1 00 No. 303 Of C Q 5'i-oz. QP C Rolls I O Tins I Tin Em I J Tins Q3 If You're Not Shopping Here, You're Spending Too Much! PRICES EFFECTIVE THROUGH WEDNESDAY NIGHT
