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
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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
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