Herald and news. (Klamath Falls, Or.) 1942-current, November 21, 1960, Image 18

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Herald and news., November 21, 1960, Page 18, Image 18

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Newspaper Page TextPAGE 8 C HERALD AND NEWS. Klamath Falls, Ore. Monday, Nov. 21, 1960 Trade, Gold Hold Sway In Business By JACK LEFLER AP Business News Writer NEW YORK (AP) - Foreign trade with its many problems and vast opportunities held the spotlight last week. Business men and government leaders were worried by the con tinuing adverse balance of pay ments the difference between what this country imports and what it exports, spends abroad for military purposes and gives away. President Eisenhower, in a sweeping order, took steps to cut the outflow by about $1 billion a year. He ordered federal agencies to pare their spending overseas and to buy American when possible in purchasing goods for shipment to underdeveloped countries. The President also directed that the number of military person nel's dependents overseas be re duced by 248.000 to slow the spending of American dollars. Some 2,000 business men, in dustrialists, bankers, importers, exporters and government repro. sentatives gathered in New York . City to consider the international trade situation at the 47th annual National Foreign Trade Conven tion. They came up with these rec ommendations: Creation of positive opportuni ties for exports; closer examina tion of U.S. expenditures abroad, and use of discretion in extending economic aid to other nations On the home front, business continued to struggle against the cross-currents which have been swirling for months. An encouraging development was a new high for personal in come in October for the eighth straight month. The Commerce Department said it ran at an an nual rale of $409.6 billion, about $800 million ahead of the Sep tember pace. A survey by the National In dustrial Conference Board indi cated consumers , are planning greater purchases of expensive items such as new cars, furni ture, dishwashers, refrigerators and other appliances. Industrial production remained steady in October at 107 per cent of the ID57 average. Automobile sales and produc tion figures looked good but the heavy . inventories ' in dealer hands dimmed the outlook. New car sales for the first 10 days of November set a record for the period, totaling 180.000 American models.' This was 2'A . per cent ahead of early October. However, the inventory of new, unsold domestic cars reached an estimated 913,000 on Nov, 1, a record for the date. Because of its big inventory, .Chrysler . Corp. announced it would shut down three assembly plants for the Thanksgiving week. Steel production continued to lip, edging down to 61.4 per cent of capacity from Sl.S last week. Bethlehem Steel Corp. closed four more open hearths at its Lacka wann Works in Buffalo, N.Y. This left 13 of 35 furnaces working. Unusually warm weather in many areas put a damper on re tail trade, causing volume to fall as much as four per cent below a year ago. But merchants were optimistic In looking ahead to the Christmas buying season. A survey showed they expect sales to exceed the record 1959 season. Sales on New York Stock Ex change this week were 13,9li8.844 shares compared with the pre vious week's 13.742,858. Bond sales this week were $24,710,700 par value, against $22,432,000 last week. Briefly around the business scene: Ironrito announced plans to put 5,000 automatic ironers in coin-operated laundries. ... A record $7,218,907,550 in cash divi dends was declared in the first nine months of this year on com mon stocks listed on the New York Stock Exchange. . , . Bell & Howell Co. has developed an au tomatic movie projector it says will thread its own film, turn off the room lamp, turn on the pro-j Jcct lamp and start the movie, i They'll Do It Every Time Squatwell can blow his roof, yelp out his wife, and wage war on the &as co. over a$3 bill LOOK"-! NEVER GET EXCITED I'M NOT EXCITED NOWSPUT- I TSPOT BUT HOW IN TACNATIOM t COULD VOU BURN $352 WORTH OF GAS IN TWO MONTHS? J tU 'Jk, WHADDAVA DOM' WITH r r- T rTLAUNCMlN& (, .m. By Jimmy Hatlo But he spent a voung fortune building a barbecue on which so far he's cooked six hamburgers SAREN'T WE EVER COIN' V- e TO HAVE ANOTHER JH0T TODAYA BARBECUE.POP? SEIDLITZ T'Zf&Z Qfl I'VE HAD A 1 VvyXVD 1 BUsy VVEEki t fvPT rfPf-W V M TOO J iW-r.c-SM 'fl -Thank ANOATlPOP THE HfflLO HAT TO MHS.E.6UI3CKI4ARt)T, 93LAKEVIEWAVE. Sixty Years Ago School Site Was Fruit Orchard The following is another In a series of short sketches on city schools prepared by their respec tive teachers and principals. Stock Market Is Over Its Election Fling, Guessing Spring's Outlook By SAM DAWSON AP Business News Analyst NEW YORK (AP) - The slock market is over its brief election fling and is back trying to guess what business will be like when spring comes. What the new administration will want to do and what it ac tually will do will play a part. But the market seems to be say ing that a greater role will be taken by business and consumer forces. What the majority now think, right or wrong, is that the forces pulling the economy down in the Inst six months or so will have lost their strength in another six and that spring or maybe sum mer will find limes generally on the upgrade. What optimism this generates among stock traders is pretty well tempered just now by the pros pect of continued dragging in many lines for the immediate fu ture. And for the long run there is the growing tendency of con sumers to spend more of their money for services of all kinds and less proportionately for the goods that factories turn out. The stock market's post-election fling was relatively mild. For two weeks before stock prices had been rising most of the time. On the day before the polling The Associated Press 60-stock price index stood at 211.8. The day after the election it rose to 212.4 and the next day, Nov. 10, to 215.5. Then it backed away and alternately rose and fell, until on Nov. 18, after eight days of post' election trading, it closed at 214.3. On a chart the whole process would even out pretty much along the rising line it had been taking before the voters acted. The Dow-Jones industrial index of 30 slocks followed much the same course. On Nov. 7 it was 597.03; 'Nov. 9 it rose to 602.25; hit a high of 612.01 Nov. 10; fell back and closed last week at G03.5. Some of the mildness of the re action to Sen. Kennedy's election is likely due to uncertainty as to just what he will actually propose and, more important, just how he'll propose to go about it. And there's considerable doubt that the strong conservative bloc in Congress would let him take any really radical steps. Today many stock analysts are taking this tack: Stock prices have I), ' ' ' ' ... ft iv D I). II I 1M 3. 26-32-35-M 53-587 jp TAURUS 5-3- , 119 21-38 5CM OIMINI r MAY 22 JUNE 23 3- 5- 8 5d 27 6268 CANCIR f JUNE 2J H?,, JULY 33 j60V8 81-96 no $ JULY 24 V2-1S-17 40 52-75-79 87 viaoo AUG. 34 V? Si pi. 3:' S i- 6 34 37 -By CLAY R I'OLLAN- M Tour Daily Mlhily Guirft M 'i Accardma lt fha Sfnri. 'f To develop message lor Tuesday, read words corresponding to numbers of your zodiac tmtn ?ign. 31 Don't 23 r69.7l.8390 1 Si 2 Your 4 Todtiv' 5 Vjuorely 6 An 7 Within 8Th. M,,vt In Limili 1 1 SI., 13 Don't i:;n. 14 RnmontIC l!)Ak IftAtlethon 1 I-or IB Doy ISA ','OCnut.on 21 Mislokl ''3 AikI ?.1 Ri-olil.ei 24 Hit 3b li i'o Prrvonal '.'Ot '.'8 R .tnonlic 39 Oreoi.l JOV..U 32 Sec 33 Requ.ied .14 Mwil 35 And 3S tf ;iT,rn .:8 Mny 39 Con 40 Ciopriatton 41 Handling 4.? (mm 4JOf 44 I rr 4M..v 4s SkjoI 4 Pnvotf 48 l.rl 49 I'.e bO P.jl M i-nvortd 2 Bui .S3 1 ro fi4 S .SMir. Inrrol 5 AMairt 59 1 on, 60 Supv.f ft I Appltances 62 Your ft.i Shofp t Picsturc tib Arliom 6 Rpomvf t Be 68 iMt 69 Your O BnM 7 1 Cattt 72 On 73 Ami 74 Today 7b )rnf 76 Intrrleif Tt With 78 01 9 On 80AIfr 8 1 lmiorlant 82 ludoy :tioni 83 And 4 Whoi't 8'. Your 8n Petfi'e 8 It 89 w.vp 90 PrvvMi-nj (H)AJcrc cutul 1- 7-10 43 A OCT, 24 NOV. 22 4 18 24 29,i. 15455-66 W' SAGITTARIUS NOV. 23 y DEC. 32 A 16 22 7fl 45r - bl 67.70 V?' CAfRICORN ntc 2j ;? JAIL 30 Vve, 20 25 33-360 41-56 61 V;t AQUARIUS 'm, " 'IB l 2- 9 .IMS-' ' 63 73 80 82j. mcEs SLAR 21 t.r 31 4859 65J 76 77-84 89 H been depressed because the econ omy slackened off; but since the decline of the last six months was relatively slight, prospects for a recovery fairly soon are that much brighter. At home the economy still has to shake off these downward pres sures: the hand-to-mouth inven tory policy which holds new or ders at a minimum; the over ca pacity built into many industries in the last few years: the conse quent drop in plans for more plant and equipment spending; the still rising costs that crimp profits because competition is too keen for prices to rise at a like rate; and a tendency on the part of some consumers to wait and see before spending much beyond I he outlays to which they're al ready committed. Abroad the pressures are strong and often unchartable. They are both political and fi nancial. The stock market tends to react quickly to any marked change in the overseas news. JOSEPH CONGER SCHOOL It is difficult to believe that just before the turn of the century the present site of Conger School was fnut orchard. Joseph Conger originally acquired this land through a gift from George Nurse, the founder of Klamath Falls. Conger transformed the barren land into an apple orchard. He lived in the vicinity for many years. Upon his death, the land was left to the school district spe-, cincally tor a school site. Thus originated Joseph Conger Elementary School. In 1929 the ground work was laid and by the end of the year a six-room school was complet ed. Florence Oilman was elected Conger's first principal. Mrs. Oil man is now principal of Fair view School. Through the years the school has grown in size. It contains three additional classrooms, a cafeteria, two large storage rooms, and a gymnasium with well-equipped dressing rooms, The playground is no longer dirt surfaced but is paved with blacktop and marked with play ing areas. Conger's teaching staff has in creased from six teachers to 12 teachers and four special instruc-; tors trained to carry on music, art, health, and speech correction programs. The staff of Conger School In dudes James Young, principal; Jacqueline Murphy, Mrs. Betty rrench. Mrs. Jennie Mills, Mrs. Emily Priest, Mrs. Rosemary Perry, George Marstcrs, Eldridge Andersen, Mrs. Frances Wood ruff, Mrs. Hazel Hallack, Mrs. Alta Griffin, George McClary, custodian, and Catherine Bur nett, secretary. mm mm mm RlHlHH MBMB mm Tulelake Class Picks Its Play TULELAKE "Bull In a China Shop," a three-act mystery-comedy, will be presented by the sen ior class of the Tulelake High School, Friday, Dec. 2. Curtain time in the gymnasium will be 8 p.m. T. R. Cox is directing. The public is invited. Ron Long will play the male lead as Detective Dennis O'Finn of homicide. Donna McBride, in the female lead will portray Hilde- gard, an elderly spinster who runs a boarding house. Other old maids will be Kris Thomas, Linda Lewis, Mary Sura, Ona Lee Terry, Linda Reimer. Faye Adams is Jean Rodgeis, a lady reporter. Bob Maharry, Kra mer, Detective O'Finn's assist ant; Fred Whitaker, Johnson, a fingerprint expert; Don Oman and Dick Olsen, stretcher bearers. Although it was dedicated on Feb. 21, 1885, the Washington Monument was not opened to the public until Oct. 9, 18R8. Complete Satisfaction at FLOYD'S BARBER SHOP 1805 Main - In Front of the Swimming Pool ill; I "liVM i II FLAT TOPS A SPECIALTY!" HOME LOANS NOW AVAILABLE Maximum FHA Insured Loans EXAMPLE: Solci Price $12,000 Mortgage $11,600 Down Payment Required .... $ 400 If you are a home BUYER or want to SELL your home, you should contact our Local Representative, PAUL McATEE 339 E. Main Phone TU 2-4646, evci. TU 2-5935 COMMERCE INVESTMENT, INC. Portland, Oregon J : rfMMSDCQTl HI W SAFETY BUILT-IN DUPLIX 0UTUTS ' BUILT-IN AUTOMATIC THERMOSTAT FULLY INCLOSED ILMtNT NOW Cavalier Baseboard Model CBB-F hai Thermal Cut-out which automatically ihutt off if overhealedl Positive safety cannot overheat to a danger point. The only system ever discovered that putt the heat where It belongs ot floor level. 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Sixth - 2-4080 Hj S UHLIC ELECTRIC ' 1026 Main Street -TU 4-5512 g FAUSETT ELECTRIC Ex Main Street - Tulelake - Ph. 7-2133 R S TULELAKE ELECTRIC COMPANY Main Street - Tulelake - Ph. 7-1411 fo; VAN FLEET ELECTRIC S 2nd and Main -TU 4-4415 ;R WIRF YOUR HOMf FOR MODERN. LOW-COST ELECTRIC HEAT i ON COPCO'i WIRE-ON-TIME PLAN... MAKE BUDGET PAYMENTS : AT LOW INTEREST RATES... ASK YOUR LEAGUE DEALER OR! COPCO SERVICE OFFICE. eat-by-Wir (NOT FIRE) The Herald and News Soon Will Publish Its oo 000 sunt for 1960 The H&N Classified Department Will Have a for the person who places the 0 000 Who Will It Be? (99,176 Want Ads had been published on Thurs., Nov. 17) 50,000,000 Frenchmen can't be wrong ... and 100,000 Want Ads can't be wrong! To buy, sell, rent, ex change, find or accomplish almost anything the Want Ads do the job. Telephone TU 4-81 11 or drop In at 1301 Esplanade. A Want Ad writer will be glad to help you word your ad. Receive 50c discount for cash, or for payment within 5 days. n n fr 0 t