Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Feb. 19, 1960)
PAGE 4 A HERALD AND NEWS, Klamath Falls, Ore, Friday, Feb. 19, 19R0 MARKETS and FINANCE Stocks WALL STREET NEW YORK (AP) - The slock market closed higher Friday with final prices going to their highs of the session. Tradingwas heavy The ticker tape was late. Volume for the day was csti mated at 3.300.000 shares com pared with 3,800,000 Thursday. Gains of fractions to about a point outnumbered losers in the tame range. 'Bigger moves were made by higher-priced or more speculative stocks. American Home Products gained about 8, Texas instru ments 4, Polaroid and Motorola more than 2 apiece. Kennecott's dividend cut wiped out a gain of more than 2 for this stock and sent it to a net loss of around a point for a while but it recovered and showed an edge to the upside. NEW VOKK STOCKS By THE ASSOCIATED PliESS Admiral Corporation A. J. Industries Allied Chemical Allis Chalmers Alcoa American Airlines American Can American Cyanamidc American M t Kdy American Motors American Smelting American Tel & Tel American Tobacco American Viscose Anaconda Copper Armco Steel Atchison Railroad Bendix Aviation Bethlehem Steel Boeing Airplane Co. Borden Co. Borg Warner Burroughs Corp. California Packing Canadian Pacific Caterpillar Tractor Celanese Corporation Chrysler Corporation Cities Service Consolidated Edison ' Continental Ran Crown Zellerbach Curtiss Wright Douglas Aircraft Dow Chemical dj Pont do Nemours Eastman Kodak El Paso NG Emerson Radio B'irestone Tire First America Corp. Ford Motor General Dynamics General Electric General Foods General Motors Georgia Pac Cp Goodyear Tiro Great A. k P. Great Northern Great West. Sugar Gulf Oil Co. Idaho Power Illinois Central International Bus Men International Nickel International Paper International T & T Johns Manvillc Kaiser Aluminum Kennecott Copper Libby, McNeill & Libby Lockheed Aircraft Loew's Incorporated Minnesota Mining Monsanto Chemical Montgomery wward National Cash Reg New York Central Northern Pacific Pacific American Fish Pacific Tel & Tel Pan American Airways Penn Dixie Cement Penney (J.C.) Co. Pennsylvania R.R. Pepsi Cola Co. I'hilco Corp. Phillips Pet. Polaroid Pugct Suund P 4 L Radio Corp of Amer Rayonier Incorp. Raytheon Republic Steel Reynolds Metals Richfield Oil Safeway Slores Inc. St. Regis Schenley Distillers Scott Paper Co. Sears Roebuck & Co. Shell Oil Co. Sinclair Oil Socony Mobil Oil Southern Pacific Sperry Rand Standard Oil Calif. Standard Oil N.J. St'idcbakcr Packard Sunray Sunshine Mining Swift k Company Texaco Thompson, R.W. "liinkcn R Bearing Transamcrica Corp Twentieth Century Fox Union Oil Company Union Pacific I'nitcd Air Lines I'nitcd Aircraft United Corporation I'nitcd Slates Plywood United Stales Smelling United States Steel Walgreen Stores Werner Pictures Western Auto Supply Western Union Weslingliou.se Air Brake Weslinghouse Electric Wheeling Steel Woolworth Company 20 5?i 50 '. 37 92 :ik 21 3 40 :U 52 Ik 54 t 73 45 87 i 106 1i 36 '.hi 58 64 V, 23 Ik 74 50 Vt 28 Vi 43 44 V, 32 ! 28 26 Yh 30 29 i 59 ', 44 Vs 61 i.s 43 s,k 48 ',i 28 Vi 40 90 'A 235 98 V, 29 15 123 27 80 s,. 48 89 105 47 45 40 33 49 30 31 'A 47 42 i 422 .i 105 112 i 35 49 ' 49 a 87 Vt 10 'i 28 : 27 i 170 1 i 411 ti 4!) 58 Ik 28 ',2 46 'i 12 i 28 Vt 18 i 30 'i 114 4 15-- 38 a, 30 3 44 U 186 " i 30 . 64 'i 23 U 46 65 . 69 . 74 i 38 'i, 45 28 'i 74 '. 45 '. 39 45 "4 39 ' 21 ' 23 '4 45 'a 46 " 18 ' 224 6 ' 49 'i 77 '4 51 i 58 27 4 32 Va 36 'a 29 30 37 'j 7 '4 48 H 29 3. 87 4 50 40 H 30 h 49 29 50 54 63 Livestock PORTLAND (AP) - USD At Cattle, for week, salable 2.075; trade uneven: fed steers and heif ers about steady but choice grades scarce; cows closed weak to 30 lower alter losing early strength; other classes steady except stock cattle strong to 50 higher; truck lot good and choice 991 lb steers 26.25; load same grade 1,176 lbs 26.00; good under 1,100 lbs 24.00 23.50; heavier down to 23.00; load 1,248 lb good and choice 24.25; standard steers 21.00-23.00 includ ing 1,069 lb ilolsteins at 22.00; few 1.400 lb Ilolsteins 20.00; load choice 1,022 lb heifers 24.50; mixed good and choice 24.00; oth er good 22.00-23.50; standard 20.00- 21.50; cutter and utility heifers 15.30-19.00; utility cows 15.50-17.50; few fed cows 18.25; canncrs and cutters mostly 12.00-13.30; shells down to 10.00; Holstcin cutters to 15.00: culler and utilily bulls 16.30-22.00; good and choice feeder steers 23.00-25.00. Calves, salable 250; trade closed i rather slow, mostly steady; good and choice vealcrs 23.00-33.00: few early 34.00; standard 22.00-27.00 cull and utility, 14.00-21.00; good and choice stock ca'ves 25.00 23.00; few lightweights to 29.00. Hogs, salable 1.860; trade ac tive, mostly steady; U.S. 1 - 2 butchers 180-235 lbs 15.75-16.00 few lots 16.23; No. 2-3 lots 15.00- 15.50; heavier and lighter weights 13.50-15.00 ; 300 550 lb sows 11.00- 13.50; few good and choice 70-125 lb feeder pigs 13.00-13.50. Sheep, salable 825: trade active slaughter lambs fully 50 higher; feeders strong to 25 higher; ewes strong to 50 up; good and choice slaughter lambs No, 2 ti full wool- ed pelts mostly 19.75-20.00; few lots 20.25-20.50; latter equal to high since July; good and choice feeders 17.00-18.00; few 18.25-18.50; cull to good ewes 4.00-7.50. North Portland livestock market will be open to trading Monday, Washington's birthday, but closed on following Friday. GRAINS CHICAGO (API High Low Close Prev.Close Wheat Mar 2.mk l.M'i l.BTfii I.99?i May 2.02 2.01 V02 2.01 '.-i Jly 1.8514 1.85 1.85',4 lMVt Sep 1.88',4 1.874 1.874 1.87'i Dec 1.92:,i 1.92'. 1.92" 1.92 Corn Mar 1.12i 1.12 112', l.U'A May 1.16 1.15 1.15- 1.16 Jly 1.19 1,18'.. I.I8V4 1.19' Sep 1.16 1.15 1.16'-16 1.17',. Oats Mar May Jly Sep Dec Rye .72'j .73 ,73-Vi .73'.'4 , .72 .724 .72.4-H .72 .66 .66 .66- MM .Sfi'i .66 .664 .'!, .88 '4 .68'.4 .68! .68!i Mai May 1.26 1.25 1.28 1.28 1.25 1.26 1.28"4-'., 1.284 Jly Sep Dec 1.26'i 1.25 1.23'i 1.27 1.26 1.26 1.28 1.27 1.28 1.25 1.26 1.27 Soybeans Mai- 2.12'j 2.11 2.I2'- 2.12 May 2.14 2.14 2.14- 2.14 Jiy 2.15 2.14 2.14- 2.15 Sep 2.09 2.08 2.09 2.09 2.08 2.07 2.07-07 2.07 Nov POTATOES SAN FRANCISCO (UPI- FSMNS) Potatoes: Russets Klamath U.S. 1A 2-inch minimum 4.75-5.00; U.S. 1 5-ounce minimum 5.40-3.75. LOS ANGELES (UPI-FSMNS)-Potatoes: Russets Klamath U.S. 2 3.65; Central Oregon U.S. 1A 4.25, U.S. 1 6-ouncc minimum 5.25. CHICAGO (API - Potatoes ar rivals 70; on track 189; total U.S. shipments 610: market steady; car lot track sales: Idaho Russets 5.60-5.70: Idaho Utilities 4.50:Min nesola North Dakota Red River Valley Pontiucs 2.60-2.75; Idaho Bakers 6.10-6.25. Timber Tax Revise Asked SALEM (AP) - The state Tax Commission today recommended a major revision in the ad valorem tax on timber. The plan, submitted to the legis lative Interim Tax Committee in Eugene, calls (or a modest sever ance tax to offset a reduction in total property taxes. The commission said it would encourage good forestry practice and the use of all desirable lands tor timber reproduction. Young forest crops would be exempt dur ing the early years of growth, this period bring 30 to 35 years, or even longer. Lands containing mature timber would be subject to property taxes at the current level. Merchantable limber would be subject to tax at a valuation of 20 per cent of current retail value. This timber now is taxed at 30 per cent of retail value. Gov. Mark Ilatlield praised the plan, saying it would be equitable and would encourage conserva lion. He urged the Legislature to support "this line solution to a problem that was spotlighted by such damaging differences in the last session. OBITUARY BROWN Lester Lee Brown. 31), a native ol Rush Springs, Oklahoma, died in this city February 13. He is survived by his mother, Mrs. Bur tie Howardton, Sacramento; three children, Danny, Jimmi and Linda Tulare, California; one brother Delbert Brown, Gazelle; seven sis ters, Mrs. Molly Witt, Gazelle Mrs. Lee Stanley, Sacramento Mrs. Mildred Thompson, Mount Shasta, Mrs. Martha Corrcia, Sac ramento, Mrs. Lois Chirrick, Sac ramento, Mrs. Dorris Calhoun Dorris, and Mrs. Minnie Lacy, Ga zclle. O'llair's Memorial Chapel wiU announce the funeral arran ments. NIELSEN Mrs. Emma Matilda Nielsen. 84 born August 31, 1875, at West Swe den, Wisconsin, died at her home near Paisley February 13. She had lived near Paisley since last July after being a resident of Lake view since 1945. Survivors include two sons, Ralpl: P. Nielsen and Clifford E. Niel sen, Rockglcn, Saskatchewan, Can ada: three daughters, Mrs. Flor once Ogclsby, Peerless, Montana Mrs. Minnie Kimball, Canopuss Saskatchewan. Canada, Mrs. Myr tle Beachler, Paisley; one brother W. J. Martin, Wisconsin: also 2. grandchildren and four great grandchildren. The body will be taken to Rock rn, Saskatchewan, for interment Ouslcy-Osterman Funeral Home was in charge of arrangements, SAMPLES LAKEVIEW Howard Hershcl Samples, 76, Lakeview, died Feb ruary 17. He was a retired tim ber taller and had lived in Lake view since 1941. Survivors include the widow, Rose Ella, Lakeview; three sons. Earl and Howard, Lakeview, and Jesse, Oakland; four daughters, Mrs. Ruby Sumpter, Oakland, Mrs. Ivadell Malone, Springfield, Ore- on, Mrs. Hazel Snow, Lakeview, and Mrs. Virginia Paul, Concord, California; two brothers, Charley Samples, Mount Vernon, Oregon, Elb S. Samples, Rainier, Oregon; two sisters, Mrs. Iva Evans, Ta coma, and Mrs. Janey Cobb, Oak land; also 21 grandchildren and eight great-grandchildren. Funeral services will be at 2 p.m. Saturday, February 20, from the Church of the Open Bible, Lakeview, with the Rev. W. B. Hufuson officiating. Final rites and interment in Sunset Park Cem etery with the Ouslcy-Osterman Fu neral Home in charge. Former Resident Hurt In Accident A former Klamath Falls worn an, Thelma T. Reid, about 38, h in Ncllems Memorial Hospital, Snoqualmic, in critical condition following a traffic accident near North Bend, Washington, Thursday night. Information received here said a car driven by Lawrence L. Shorn-1 Icr, 28, of Seattle in which she was riding, struck the rear of a truck on U.S. Highway 10. Shorn-' Icr was reported to be in serious condition. Mrs. Reid, a restaurant cook and waitress, was employed in several restaurants while living here. She made hor home part of the time in the Arcade Apartments. She has two children, a daughter nd a son. Funerals HEWITT Funeral services for Waller Hew ill will take place from the cha pel of Ward's Klamath Funeral Home on Saturday, February 20, I960, at 1:30 p.m.. the Rev. Robert i.roves 01 ine f irst FrcsDytenan Church officiating. Concluding services in Klamath Memorial Park. TACCIUNI Funeral services for Louie Tac chini will take place from St. Pius X Church on Saturday, February 20, I960, when a Requiem Mass will be celebrated for the repose of his soul commencing at 9 a.m.. the Rev, George A. Murphy of ficiating. Recitation of the Holy Rosary will take place in the church Friday at 8 p.m. Conclud ing services in Ml. Calvary Ceme tery. Ward's Klamath Funeral Home in charge of the arrange ments. Council Seats Eyed By Seven TULELAKE Seven candidate: are seeking the two council seats open in the April 12 California primary. Mayor Max Rozum and cily Councilman Lloyd Barber did not file for reelection. New candidates arc J. C. Ta turn, Clyde Todd, Doug Thomas. Charles W. Doshier. Lyle Sherer, John W. (Bill) Quinn and Fay A. Dobson. terms arc ootn tor lour years under California law. The city body will meet the first Tuesday following election to select a mayor. Deadline for filing was noon Feb ruary 18. The Palai dp la Defense In Paris is the world's largest exhibi tion hall. It would cover about 14 blocks of a metropolitan Ameri can city. Threatener Gets 3 Years Philip Duane Jackson was sen tenced to three years in the state penitentiary Thursday, several hours after a circuit court jury lound him guilty of threatening his aged grandmother with a .22 cali ber revolver. Jackson was sentenced by Judge John J. Murchison of Portland, who had heard his trial on a charge of assault with a dangerous weapon. Jackson first indicated to the court he would waive a 48-hour wailing period before sentence was passed. He changed his mind af ter hearing the verdict, but later decided to waive the time after Judge Murchison remanded him lo the sheriff instead of freeing him on bond. Dancing Party Set Saturday Eighth grade students from Al lamont Junior High and Fremont Junior High School are invited lo a dancing party at the YMCA Building Saturday night, February 20. The dance will begin at 7:15 and parents from both school groups will chapcronc. This is the second consecutive year this activity for the two schools has been conducted, and is a part of the YMCA's service to youth in this age bracket. Phys ical limitation of YMCA space is the only reason the parties are limited to the two schools. The student steering committee planning the dances drew up a list of objectives and purposes and decided that getting belter acquaint ed, v developing social know-how, learning to lake responsibility and opportunities to grow would come from the program. A committee of Interested par ents from the schools drew up their own list at a separate meet ing and came up with much the same list, with learning about ac ceptable behavior and learning to manage their own affairs as possible additional results. On the steering committee from Altamont School are Lyana Payne, Janet Wardell, Coral Fuller, Tom Day, Don Workman and Daryl Mitchell. Committee members from Fremont School are Mari anne Gallagher, Carol Drew, Mar ion McCoy, John Parisotto and Larry Binney. There is no charge for the dance. Admittance will be by student body card only. Ordinary school dress will be worn. POTATO MARKET INFORMATION (Furnished by Federal-State Marketing News Service) POTATOES RAIL AND TRUCK SHIPMENTS (CL EQUIV.) 2-18-60 1959-60 1958-59 KLAMATH BASIN Oregon Rail 12 805 466 Oregon Truck 10 1,493 1,285 Calif. Rail 8 2,374 1,767 Calif. Truck 6 1,251 1,258 OTHER OREGON Rail 11 4,262 4.114 COLORADO 28 3,149 3,848 IDAHO Rail , 194 24,548 31,370 WASHINGTON Rail 1 8,820 6,650 U.S. TOTAL Rail 630 111,133 109,656 SHIPPING POINT PRICES: (SKD. PER CWT) FOB KLAMATH BASIN PTS: 4.00-4.10. NETTED GEMS U.S. No. 1-A 2" or 4 ei. min ecc. 3.90 U.S. No. 1-A 5-14 ox. 4.50-4.75 occ. 4.30 U.S.2 2" min. 2.50-2.75 NET PRICE TO GROWER BULK AT CELLAR: NETTED GEMS U.S. No. 1-A 2" min. 3.25 occ 3.00 U-S-2 1.50 occ 1.40 FOB CENTRAL OREGON PTS. RUSSETS U.S. No. 1-A U.S. No. 1-A 6-14 ox. min. U.S. 2 2" or 4 ex. min. 50 lb. NET PRICE TO GROWER - BULK DELV'D. WHSE. RUSSETS U.S. No. 1-A U.S.2 2" or 4 ox. min. IDAHO PTS: NET PRICE TO GROWER. RUSSETS U.S. No. 1-A U.S. No. 2 6-ox. POTATO 38 CITIES Rail Unload Truck Unload Total Unload VFW DANCE Sat., Feb. 20th 9 Till 1:00 am. Music By The Popular Louie & Ozzie Duo Members & Their Invited Guests - u "4f J?XT' ' 1 lf GALLANT GUARDSMEN Ted West, left, specialist fourth class, and Leslie Lingscheit, private first class, are only fooling. They let Mrs. Chris Young handle "Skysweeper" ammunition for benefit of photographer Jack Meti at the National Guard Armory recently. Her husband is Larry Young, guard sergeant first class. City Planning Urges Federal By NORM CARDOZA Don Sloan, chairman of the city planning commission, asked strong bid for federal money lo help develop the metropolitan city, Thursday afternoon. Sloan and other officials met with the Klamath Merchants Association to hear Kenneth James, regional su pervisor for the Urban Renewal Administration, outline changes this year in the matching funds program. We have to realize," said Sloan, that during the next few years we "lace the prospect of several mil lion dollars" worth of commercial construction outside the city lim its. "We have to keep our downtown business core and prevent outside areas from taking over the bulk of local business." He said the planning commis sion is working on a long-term development plan, entailing many possible projects some with high priority. The plan, he said, is aimed to ward taking full advantage of matching federal funds. The city could receive up lo two thirds the cost of many of its projects if conditions are just right. "It's going lo cost us money Thursday 4.10-4.25 4.40-4.60 2.60-2.70 3.20-3.45 1.70-1.80 3.60-3.80 2.00-2.10 UNLOAD Thursday Week Ago , 325 340 238 198 563 538 Chairman Assistance or else we're going to lose busi ness. "It's slrange that a town spend ing millions annually can't spend one tenth of one per cent of that money on planning. We have re ceived federal and slate planning grants, but from now on the city council and county court are go ing to have to budget more rea listically," Sloan stated. Sloan was backed up by Lloyd Anderson of Ihe League of Ore gon Cities. "We need imagination as well as money," he said. He spoke of downtown civic malls, offstreet parking and other possibilities. Al Hattan, owner of Shaw's Sta tionery store, agreed with Sloan and Anderson. He slated, however, that property owners should be more responsible for sharing the cost than merchants. He also urged formation of an organization of landowners, includ ing local representatives for ab sentee landowners, who own more than 50 per cent of local down town business property. "These absentees are interested in improving their local property, but they have no way of know ing what's going on here." One merchant questioned wis dom of taxation to cover cost of civic improvement projects. Indus try might be scared off then. Industry knows that someone has to pay the bill, said Sloan, and most industrialists are more in terested in what facilities a com munity has lo offer than in the tax rate. "We can't overburden taxpay ers, he said, but we have to make the town physically and tax wise attractive." RIDES IN STYLE LEICESTER, England (UPD- Commuler W. E. Woodward pur chased a bicycle Thursday to ride one mile to the garage where he keeps his Rolls-Royce limousine. from Jone's Office Supply For Your Office or Home . . . (yl'Jimmm-y- Y Yum- .mi. ii iX , iiminaeei ifivHff I mmmmxr I I . IZZZV.-..- . Sf I I tmmtn I ? ? J tSmm?!'rJ J I mil I U Enjoy the Added Convenience of the Sensational New Ohpnpm Typewriter 2 sensational portable models to choose from. A truly fine precision machine. Easiest terms! QjOJIM ' Office 629 Main Mayor Signs Guard Day Proclamation "Whereas," said Mayor Lawr ence Slater this week, "the Ore gon National Guard has always performed an outstanding and pa triotic service to the people here." "And whereas, the guard consti tutes a strong and vital link in our national defense forces which is more important today than ever," and "Whereas, the Second Gun Bat talion, 249 Artillery, will observe its fifth annual 'Muster Day' Sun day as a means of demonstrating its effectiveness as an integral part in the community life of Klamath Falls, now" "Therefore, be H resolved by the authority vested in me, I proclaim February 21 designated National Guard Muster Day in tribute to our own National Guardsmen and their fellow citizen - soldiers throughout the state and nation." From 8 a.m. until 5 p.m. Sun day, the guard's new armory on Shasta Way will be opened to the public. In it, the public can view the 73 millimeter anti-aircraft guns called "Sky sweepers." They aim and fire nearly automatically on signal from a radar and computer system which makes supremely accurate calculations. On display will be surveillance radar sets, a variety of vehicles and generators, radio and tele phone equipment, small arms, ba zooka rocket launchers and ma chine guns. Guardsmen will be on hand to escort visitors on tours of the ar mory facilities and the mainten ance shop. Youths Held On Car Theft City police were informed Fri day morning that California au thorities are holding a pair of Van couver, Washington, youths sus pected of abandoning one stolen car in Klamath Falls recently and stealing another. The abandoned car was found Thursday in the parking area of a local motel. Another was report ed stolen earlier by a Chiloquin man. His car was found aban doned at Mount Shasta. Police also investigated a no- account check received Thursday by a clerk at Sears, Roebuck and Company here. The check was written for $00. Officers said forgery may be in volved. In other action, police took a 13- year-old local girl inlo temporary custody for smoking in school Thursday. She will be referred to county juvenile officers. ROUTE MAN WANTED FULL OR PART TIME DELIVERING NEW ITEMS TO ESTABLISHED RETAIL ACCOUNTS IN THIS AREA. Want reliable party interested in above average earnings. Ab solutely no selling required. Applicant must have serviceable automobile and nominal cash investment for inventory to get started immediately. Factory representative will be here shortly to qualify appilcants. Age no factor. For personal interview give age, model of car and amount of cash available for immediate start. Write Box, 342D co Herald-Newi Ex-School Chief (Continued from Page 1) dary schools. "The Legislature must also give consideration to the sound econom ic growth of the stale, to provide future jobs for our own people, and graduating students, and the many new people who are moving into Oregon, Howe said. Howe came to Klamath County in 1930, and worked as a laborer at Weyerhaeuser Camp 2, before continuing his education at the University of Oregon. After grad uation Howe was named principal at Henley High School, a position he held for 11 years. He returned to Klamath County as school su perintendent in 1948, after a year as a supervisor for the State De partment of Education. Howe, his wife and son, a senior in high school, live on a ranch in the Pine Grove area. Fine Paid For Fraud A man who collected a $28 un employment check for a week in which he earned $60 pleaded guil ty in district court Thursday. Alex Zubie, 34, Merrill, was fined $230 and sentenced to 60 days in jail on the misrepresentation charge. The complaint was signed by D. L. Baker, supervisor of the Investigation Unit of the Benefit Division of the State Department of Employment. It alleged Zubie had earned $0 while working for Bill's Texaco Service, 2759 South Sixth Street, during Ihe week ending last Au gust 22. For the week, Zubie claimed only 1 earnings, and drew an unem ployment check of $28. Records indicated Zubie had earned $207.75 but nevertheless drew unemployment compensation of $95 for a period between the weeks ending August 15 to Sep tember 19. Zubie was sentenced by District Judge D. E. Van Vactor. Shot Enters KF, Home A .45 caliber bullet shot through a bedroom window and lodged in a wall of the Stanley Woodruft home, 6200 Patterson Street, Thurs day afternoon. Woodruff, an instructor at Klam ath Union High School, was home on sick leave at the time. "The slug was identified by stale police as .45 caliber," Woodruff said. "I think it was an accidental shot, but the source is not known." Woodruff said the bullet entered the window of a spare bedroom and lodged in a hall wall. No one was injured by the shot. State police were continuing an investigation. SPACE SAVER DESK Compact Only 49 x 26 Inches! Deep file drawer and 4 box draw ers Center drawer with utility drawer Locking center drawer locks en tire desk Walnut finish with brushed brass or silver pulls and legs Now exceptionally Low Priced at Only n is Supply Phone TU 2-4408
