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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 7, 1960)
Wall Street Economist Scans Washington Stats HERALD Aftn NEWS, Klamath Falls, Orp. Monday, Marrh 7, 10RO NEW YORK (UPI) In 1 uncertain tftivs. Wall st.i i. turning economist and scanning a vi asmngion statistics on inven tones, credit, and nihor inn! tors with much more than the usual attention. This is a reversal nf th no.! Wall Street tendency which is to uue.prei imure market move ments from what the market al ready has done. The chartist piots the future from market behavior, not from economic statistics. . Market men snivel ,i n, inventory and sales figures for January and classified them as Dearisn. mey showed a rise for fill manufacturing nf tnnn .;n: o vwu iiiiiiiuu between December and January a "ew iwo-year high at $53.2 Baby Business Costly To AF Washington (AP) The united Stales Air Force consider: the baby business as bis hiKin It has asked Congress for $140.- to pay the bill for diaper serv ice during the fiscal year starting new jury i. mis service is for airmen's infants born or treated in government hospitals. Brig. Gen. John K. Cullen, di rector of nlans anrl l,.-ii,li. nuiiatua- tion, based his estimate of money nccas on an average service cost of one cent per diaper. That would provide for an estimated 14 million diaper changes annually. "The diaper service is a big business with us because the baby V business is a big business," the general told the House Appropria tions Committee. It's cheaper, the croipral to contract for diaper service thaii lor tne Air force to buy its own diapers, "have them rinsed and cared for by our attendants and ent to the commercial laundries." Cullen explained Ihp Air irnn,n diaper policy is response to ques tioning by Rep. Harry R. Shep- para lu-Lalif), who commented, "It seems to me that if vnu ran issue manuals on the care and feeding of dogs, you could arrange to instruct medical attendants the diaper routine. "If we are going into the diaper service, why not bibs?" asked Sheppard. "There was a factor in the early stages of our matrimon ial concept where good wives and assistants, members of the family, took care of the little idiosyncra sies oi tne cniid. "They still do." the cenpral rp plied, "but in the hnsnilal ihp babies are kept in the nursery ana attended by our trained at tendants." Once the baby leaves the hos pital, the free diaper service ends, but committee members said they got the impression a free diaper goes with each departure compli. nients of the Air Force. Noises Outlawed SINGAPORE (AP)-Police have outlawed the noisy gongs and cymbals traditionally accompa nying Chinese funeral processions. Rival processions from secret so , cietics used to meet en route to the cemetery and try to out-gong each other. To prevent the deaf ening din, the bereaved families will have to take the shortest route to the cemetery, submit a list of the mourners and play mu sic only at graveside. billion. Durable goods inventories rose $.)00 mil ion and non-durahlp $300 million. At the same time manufactur ing sales held steady with dura Die UD S-IIH) nil inn and nnn. durable down $400 million. What bothered the Street was the fact that new orders for all manufacturing companies fell by si Diinon $o00 million each in durable and nondurable goods. uniuiea orders on an tin adjusted basis showed a dprlino of $600 million, all in durahlp goods industries. ine Lensus Bureau in a spn. arate report said .lannarv taipe ol merchant wholesalers showed 13 per cent decline from Dp cember, a more than seasonal Irop. However the sales fi was higher than a year ago. t-COnomiStS hod that Ihp mar ket community incomviiv in terpreted sales fieures. Thpv hold that the ratio of sales to inven tories was more important and showed that this ratio was well below a year ago, the 1958-1959 high and the 1953-1954 high in all :ategories. On this basis thev held thai the inventory and sales figures were still on the .optimistic side with plenty of room for further changes before they would war rant a pessimistic attitude. Market men. It is admittpd. arp confused by the various intpr. pretations of currently available sialism's. It is pointed out that thp 83 fin decline from the intra-day high of Jan. 5 to the inlra.riav lnu of Feb. 17 in the industrials left many wounds that haven't healed as yet. There is a growing attitude in the Street that if the market needs more liquidation to bring it to a level where it can form sound base for a recoverv. "let's have it rieht now and ppl it over with." "If we are going to have an other spell of weakness in the stock market, bear in mind that the sooner it gets started thej sooner it will end." savs R K Thurlow of Winslow, Cohu & Stetson. "Current bases give upside ob jectives between 639 and 655, certainly not far above current levels," says Edmund W. Tahell of Walston & Co. "Cnnlinupri backing and filling in. rouehlv the 605-650 range could produce a much higher indication, how ever. While the outlook for business and industry is being more thor oughly appraised and analyzed and technicians and market fun damentalists are Irvine to esti. mate more clearly both the near and longer range price action of tne averages, stock groups and individual issues," says Kenneth Ward of Haydcn, Stone & Co., "caution will be the watchword of the 'general market. mis nealthv hesitation was partly reflected by sharply con tracting volume on the Drnfif taking, testing setback early last week and by the erratic per formance of the recoverv. Admittedly, there are individ ual areas of temporary uncer tainty, notably in the steel, paper and auto industries. Yet most major segments of the economy are stilt in pretty sound shape and should produce vprv satisfactory earnings." Petroleum warfare was first recorded in ancient Persia where oil was used to make incendiary arrows. o t Mfl by Ht. I"c T.M t- U ' ' 3-? PACE SEVEN Quinn Advocates System Of Educating To Capacity ORfcST GROVh, Ore. i.APi- "duration experiences and influ-lof Relieion. H-HroU, r.iif ,-jic..i...i . o .. ' "Well, I figure this spring I'll put In 50 acres of corn, SO acres of beans and two and a half acres of outdoor movies!" SCOUT NEWS BLUE AND GOLD BANQUET iniversary of Boy Scouts of Ameri FORT KLAMATH Sponsored by Boy Scout Troop 34 and Cub hcout Pack 34 of Fort K amalh the annual Blue and Gold banquet Friday evening, February 26. in the C.I. Clubhouse, attracted a large crowd of scouts, parents, leaders and other friends of scout ing. The public was invited to the affair, which honored the 50th an- J. Henry Helser & Co. Invfitmfnt M.nsirrs Galabllfihed IB.! Office, io Principle Wen Coait Cltle Ernest Bussey 2536 Vine Ave. TU 4-5041 Klamath Falls NOW ...You Can Own A NEW Westinghouse Speed Electric RANGE Only Sole Price ....$199.95 Less Goodyear Trade .'30.00 Less Copco BONUS 20.00 You Pay $ ONLY... 149 95 This Offer For Limited Time Only! Westinghouse S3 Gal. Upright Fast Recovery $1 95 WATER HEATER VJ JU With $20.00 Copco Bonus No Money Down With Trade Up to 36 Mentha te Per Goodyear Service Store 201 So. 11th Phone TU 4-8141 Moon Eclipse Dated Sunday BEND, Ore. (AP) The mnnn will begin gliding into the earth's shadow at 10:38 p.m. PST Satur- day, coming into total eclipse for 1 95 minutes at 11:41 and passing Irom the shadow at 2:18 a.m. Sunday. Pacific Northwest residents will have a grandstand seat if the skies remain cloudless. Manv amateur astronomers are plan ning "eclipse parties" Saturday night. Duskiness on the eastern disr of the moon as the orb dips into the edge of the earth's shadow more than 200 mm miles mil in space will mark the beginning of me eclipse. The period of total oclinse will be longer than usual because the moon, will pass almost centrally through the cone-like shadow the earth casts into outer space. The duration of the eclipse de pends- on the dis ance from thp earth to the moon. An eclipse of the moon can occur only when tne earth is between the sun and the moon. A reddish slow caused bv sun light refracted and scattered by the earth s atmosphere will make the moon faintly visible. The potluck banauet was served at 6 o'clock at tables altractivrlv decorated in blue and gold. All arrangements were in charse of den mothers Airs. Claude Shepherd and Mrs. Weston Encle of the Cub Scouts, who were assisted by scout mothers. Following the banquet, the Cub bcout bobcat ceremony was con ducted for Gerry Page, Dan Todd and David Costelow. with Cub Scoutmaster Gene Page officiating. Ic was assisted by committeemen. Robert N. Latzy. Hollis Kizer. Ed win Scott and Daniel G. Brown. Bobcat pins were pinned on the boys by their mothers. Year pins were presented to Cub Scouts Rex Engle and Carl Jones. The impressive webclo ceremony. was performed by Scoutmaster L Lougee, signifying the graduation of Kenneth Scott from the Cub Scouts into the Boy Scout troop. A perfect attendance pin was award ed to Boy Scout Wayne Scott. lhe ceremonies and award nre- sentalions were followed by group singing by Cub Scouts, and a den skit presented by the same group. Both numbers on the program were directed and supervised by the two den mothers. WUtion elbow Macaroni 11 the best cheese deserves ' the finest Macaroni! Chinese Population TAIPEI. Formosa (AP) Thp civil population of this Nationalist unncse island stood at 10.4J1.34I at the end of last vear. the Gov ernment announced. This shows an increase of 3111,006 in 1959 and docs not include armed forces of about 600.000 men. "He who is not suited for hi"l education should not bp v courage?! or even admitted I a, uov. w lam K JmiiM Hawaii said here Sunday, Quinn asserted that equably ui opportunity in its ideal sense wil be realized only when attempt to standardize education lor nor mal students gives way to a svs torn giving each student access to educate himself to his capacity Gov. O u i n n who x inirn. duccd by Gov. MarR Hatfield of uregon, spoke at the inauguration of Dr. Miller A. F. Ritchie as 'acific University's 12th nresi dent. Dr. Ritchie came to Pacific University after six "years as president of llartwick College in New ork. He was installed by .icorge Rossman. as associated justice of the Oregon Supreme court and Pacific trustee. Dr. Ritchie said a' need exists couple intelligence with posi- ,ive moral and spiritual values. "And I believe," he said, "that Tree Harvest Takes Jump PORTLAND (AP) A timher harvest of 4,285.500.000 board leet, an unprecedented jump of 38 per cent over the year before, was taken from National Forest lands in Oregon and Washington last year. Walter II. Lund, U. S. Forest Service limber management chief, said this was a 44 per cent increase in revenue over the vear before. It brought $85,870,500. Lund attributed the big increase generally good market condi- lons and the lame volume of timber sold the year before. Forest Service personnel thinned 9.200 acres of dense young trees and seeded or planted 40,660 acres of deforested National For est land. ices for positive character de--lopment have the best chance ;i be effective in the small col ?gc of liberal arts and sciences." RitcBie urged more quality in overy phase of college life. He :ruiiiiscd to encourage intellectu al, social and spiritual divelop ment. The new Pacific president pro posed small colleges in the vi cinity cooperate, sharing facili ties and visiting lecturers. A large number of today's lead ers Ritchie said, are products of the small colleaes. He said ihp small college can concentrate nn the whole development of the in dividual and give him a sense of belonging. Some 600 persons were on hanrl lor tne inaugural exereispsnmo juu ot tnem in cap and gown, rep- it'scnung colleges, un veisi. lies and educational cieties throughout the nation. Gov. Quinn was eiven an hnnni-. ary doctor of laws degree. Honor ary degrees of doctor of I.-iipi- went to Dr. Stuart LcRoy Ander son, president nf Pn..i(io ci.i lof Religion. Berkeley. Calif., and I School of Library Science. Colum. ur. Ja ualton, dean of the l.ia Ilnivpisiiv ivw vrt FREE! HEARING CONSULTATION By a Factory-Trained Consultant ONE DAY ONLY WI-NE-MA HOTEL ASK FOR MR. 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