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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 20, 1961)
PGB' 4 HERALD AND NEttS, MARKETS and FINANCE Stocks NEW YORK STOCKS By TIIE ASSOCIATED PRESS AJ Indust '. Alco Prod Allied Ch Allis Chal Alcoa Alum Ltd Amerada Am Airline Am Can Am Cyan Am M&Fdy Am Motors Am Smelt Am Tel & Tel Am Tob Am Viscose Anaconda Armco Stl Atchison Avco Bcndix Beth Steel Boeing Air Borden Borg Warner Brunswick Burroughs ,' Cal Pack Cdn Pac Cater Trac Cclanese Chrysler Cities Svc Colum Gas Con Edis Cunt Can Com Pd Crown Zell Curtiss Wr Dccca Rec Doug Aire Dow Chem duPont East Kod El Paso NG Evans Pd Firestone Ford Mot Forem Dairy Gen Dynam Gen Elec Gen Fds Gen Mtors GTel&El Gen Tire Ga Pac Cp Goodyear Gt No Ry Gt West S Gulf Oil Idaho Pw 111 Cent Int Bus Mch Int Harv Int Nick Int Paper Int Tcl&Tel Johns Man Kaiser Al ' Kennecott LlbMcN&L Lockh Aire Lorlllard Martin Co. Merck Minn M&M Monsan Ch Mont Ward Nat Cash R Nat Distill NY Central Nor Pac Olin Math Outb Mar Owens 111 Gl Pac Am Cp Pac G&E1 Pac TJtT Pan AW Air Parke Da Penn Dix Penney JC PaRR Pepsi Cola Pfizer Philco Phttl Pet Polaroid Procl&G Pug SdP&L Raytheon Repub Stl Reyn Met Rcy Tob Richfield Oil Safeway St St. Reg Pap Schenlcy Scott Pap Scars Rocb Shell Oil Sinclair Socony Sou Pac Sperry Rd StdOil Cal SldOil NJ Stud Pack Sunray Sunsh Mn Swift 4 Co Texaco Thiokol ThompRW TidcwatOil TimkRBear Transamer Twcn Cent Un Carbie Un Oil Cal Un Pac Unit AirLln Unit Aire United Cp US Plywood. VS Sitae! U Varkin Venrt Co Walgreee Warn B. Pic Wash Wat Pow Wn Bancorp West Auto S West UnTcI WestgABk 4 V. 18 58 V4 20 Vt 58 27 91 19 45 42 V, 39 17 57 121 100 k 55 48 70 28 23 62 40 46 69 44 58 31 30 24 37 34 50 51 29 86 46 55 60 16 36 32 75 231 105 A 24 11 47 104 12 25 74 95 50 25 80 57 46 48 35 37 38 46 585 40 82 37 52 05 32 80 12 45 63 25 78 75 52 34 117 26 17 43 41 18 85 22 96 37 19 32 27 52 14 55 42 21 56 202 95 41 53 23 38 59 35 79 39 56 40 27 130 83 39 37 44 28 24 49 44 11 27 12 39 49 38 63 20 51 43 30 129 54 36 35 42 8 46 3t 39 47 55 75 51 39 50 41 25 40 47 Westtf El Wheel SU Friday, October 20, 1961 ftlamath Falli, Oregr) Wall Street NEW YORK (AP)-A few sub stantial gains by blue chips propped up Uie market averages in moderate trading early this aft ernoon. The over-all list was ir-' regularly higher at best. The Associated Press average of 60 stocks at noon was up .60 at 259.30 with industrials up .1 rails up .10 and utilities up .40, If the 60-stock average held its gain by the close, it would post a new historic high. High-quality issues among utili ties and chemicals reflected in vestment bu y i n g but aircrafts were weak and motors tended to ease. The top steelmakers were fairly steady. Nonfcrrous metals showed a downside tendency. Oils, air lines, rails and tobaccos were mixed. But business news background was quite good, including gains in rail carloadings and auto astern blies as well as price boosts by major producers of appliances. Union Carbide held a gain ex ceeding 2 points. Du Pont halvec an advance of about 2. Pacific Gas It Electric, which zoomed 6 Thursday on stock split news, lost a point or so on profit taking. Prices on the American Stock Exchange were irregularly higher in moderate trading. Corporate bonds wore mixed U.S. government bonds were un changed in quiet dealings over the counter. By United Press International Dow Jones 2 p.m. stock aver ages: 30 industrials 703.96, off 0.89; 20 railroads 150.11, off 0.56; 15 utilities 129.84, up 0.62, and 65 stocks 243.05, off 0.04. Livestock PORTLAND (AP) - (USDA)- Cattle for the week salable 2825: slaughter cows declined 50 cents to fully 1.00, extremes at least 1.50 lower on canner; other classes of cattle mostly steady; receipts virtually same as previous week but percentage good and choice slaughter steers increased; good and choice slaughter steers 22.50 25.00, 105 head mostly choice 975- 1171 lbs at 25.00, many loads and lots good to majority choice 24.25 24.75; utility and standard 16.00- 21.50; slaughter heifers: 14 head choice 853 lb. 24.25, other good and choice 20.00-24.00, load mostly cnoice 034 ids at zs.is; utility and standard 14.00-20.00; slaughter cows: Monday some high-yielding utility and commercial range 16.50-17.00, later most utility and commercial 13.00 - 16.00, dairy Breeds closing at 14.00 down, can ner and cutter largely 9.00-12.50, some at 8.00; slaughter bulls: cut ter and utility 15.00-21.00, sparing ly above 20.00, canner 11.00-14.00; stockers and feeders: good and choice 500-1050lb steers 20.00 23.00, some 800 lbs included at 22.50, common and medium 15.00 20.00; good and choice heifers 500 750 lbs mostly 18.00-22.00, medium at least down to 15.00. Calves for the week salable 410; good and choice vealers firm to 1.00 higher, other slaughter and stocker offerings steady; good and choice under 300 lb vealers 24.00- 27.00, few choice 28.00, good and choice over 300 lb slaughter calves 20.00-24.00; standard and lower grades vealers and calves mainly 16.00-23.00, culls down to 7.00. Hogs for the week salable 2250; all hogs mostly 50 lower; U. S. No. 1 and 2 barrows and gilts 180 230 lbs 18.00-18.50, some Monday 19.00, No. 2 and 3, 180-260 lbs clos ing from 16.50-17.75; sows No. 1, 2 and 3 mainly 12.00-16.50. Sheep for the week salable 2600; slaughter lambs steady to strong. other classes steady; slaughter lambs: about 100 head choice and prime early at 17.25, other choice and prime wooled and shorn 15.50 17.00, shorn mainly 15.50-16.50. some good and choice 15.00-15.50; cull to good slaughter ewes 3.00- 5.60; choice and fancy feeder lambs 13.00-14 25, few 14.50, infer ior, common and good ranging 5.00-12.00. Grains CHICAGO (API- Prcv. Close close High Low Wheat Dec Mar May Jul 2.04 2.03 2.03 2.03 8.09 1.08 2.00 2.0!) 2.11 2.11 2.11 2.11 2.13 2.12 2.13 2.13 2.16 2.15 3.15 2.16 1.12Vt 1.10 2.11 1.11 1.16 1.15 1.16 1.18 1.20 1.19 1.20 1.19 1.23 1.22 1.23 1.23 1.24 1.24 1.24 1.24 Sep Corn Dec Mnr May Jul Sep Oats Doc Mar .69 .73 .75 ,74N .68 .72 .74 .73 .69 .73 .75 .74N .75 .68 .73 .74 .74 .71 May Jul Sua Dec 1.434 1.41 1Ai 1.41V 1.44H 42l 1.43H l.W'V 1.44l liT; X.4BH 1.43V Mar May Soybeans Nov 2 43 2.42'i 2.42U 2 42Vj Jan 2.47V4 2.46V 2.46tj 2.46ft Mar 2.50H 2.49(4 3.4!H 2.50 May 2.53'42.31'i 2.52(4 2.52H Jul 2 M-T2 .53. 2.54 2.54Vi Aug 2.5444 2.53(4 2 54 1.55 Sep 2.46'i 2.48 ?fK 2.464 HeffiiflifiaAihi Support Of Cmf Defense Ran Kiwanians heard an urgent plea from Dr. Arthur S. Flemming, president of the University of Oregon, for complete support for the civil defense program. Flemming reaffirmed his sup port for the policy of strong de terrent to keep the peace. "We have the strongest mobili zation base in our history," he told the group, adding, "We must constantly re examine our posi lion, however, and eliminate any weaknesses." He stressed the need to stay out front in the development of weapons, keeping ourselves in a position where we can retali ate swiftly in the event of an at tack. "No cost is too great if we are to succeed In deterring a po tential aggressor," he said. Oregon Weather By TIIE ASSOCIATED PRES8 24 hours la 4:30 a.m. Friday Max. Min. Prep. Astoria 57 . 38 Maker 69 38 T Bend 68 30 Brookings 53 40 .03 Burns 75 38 Eugene 5 32 Medford 68 45 .04 Newport 58 35 T North Bend 61 43 T Pendleton 60 43 Portland 59 32 .01 Red Bluff 71 i - Redmond 65 36 Roseburg 5 31 Salem 60 32 T The Dalles M 30 - Western Oregon Partly cloudy with widely scattered showers through Saturday. Snow in moun tains. Cooler in south tonight. Low 25-35. High 45-5. Coastal winds northerly 6-16 miles an hour. Eastern Oregon Considerable cloudiness and scattered showers through Saturday with snow above 3,500 or 4,500 feet. Colder tonight with lows 22-32. Highs 40-50. Grants Pass and vicinity Part ly cloudy tlu'ough Saturday with few scattered showers. Highs 55- 60. Lows 32-38 with local frosts. Northern Oregon Beaches A few showers and some partial clearing through Saturday. Frost tonight with lows 30-35. Highs 55 60. Southeasterly beach winds 5-15 miles an hour, becoming westerly late Saturday. Police Probe Tavern Theft City police Friday were investi gating the theft of $60 in cash and a $17 Mauser rifle from the Spot Tavern. The theft occurred, police re ports said, sometime between 10 p.m. Thursday and 1 a.m. Friday. The cash was taken from a safe in the rear of the tavern during business hours. Police were searching for Joe and Ann Phillips, about 35, driv ing a 1951 model car with a Colo rado license pinto. Former owner of the Spot, Art Gibson, who reported the theft at 1:47 a.m Friday, said the couple had been "hanging around" the bar for two or three weeks. They had been living at the Klamath Courts, po lice said, and left owing 24 rent Tuesday. Gibson said he had recently pur chased the rifle from Phillips. It was described as a 7.65mm Mauser ind had been hanging over the safe. Police said Gibson claimed Phillips had seen him put the money in the safe earlier. Space Shot Delayed CAPE CANAVERAL, Fla. (AP) -Technical problems forced post ponement today of an attempt to launch a Ranger 2 spacecraft to try out techniques for sending fu ture vehicles to the moon, Mai's and Venus. The National Aeronautics and Space Administration announced the postponement at 3:20 a.m. without disclosing the nature of the trouble. No new launch date was scheduled. If the trouble was minor, another effort may be mode in a day or two. IVATCHTOWKR MEETS Jehovah's Witnesses will hear a program on "Are We Living at the End of the World?" at 6:30 p.m. Oct. 22 at Kingdom Hall 833 North Ninth Street. HAM OR WOMAN Interested in big earnings for $1,200 in vestment, making deliveries and filling ( mail orders for our fast-selling food pro ducts, For full information, write General Enterprises, 6055 S.E. Tenino, Portland, Oregon. An effective continental defense program with an effective mill tary defense, early warning sys tem, a concentration on anti- missile missiles, he said, all be come important deterrents. However, he added that any ef fective defense must also in clude an effective civil defense, He stressed the change in offi cial thinking on the value of pro tection from radioactive fallout, pointing out that 25-35 million persons could be saved in this manner with an adequate shelter program. "You can't depend on indi viduals to provide protection," he said, "because some won't do it It is necessary to think in terms of both public and private shel ters. "The total obligation in civil defense area," he continued, "is a Christian duty where we must help fellow mortals in distress." Dr. Flemming, who was secre tary of health, education and welfare in the cabinet of former President Dwight - Eisenhower, pointed out the need for conti nuity in government also, from the national right down to the local level. "These are serious days," he concluded, and personally. don't believe that we can assume that war is inevitable, If we de velop an effective program of de fense through deterrent, and, in addition, the United States and other nations of free world pro vide spiritual leadership without which peace in our time is not possible." He added, "I look to the fu ture with a feeling of optimism.' Reaffirming the need for a "spir itual breakthrough," Dr. Flem ming said, "We hold in our hands the answer to the great question 'will it be war or peace, and I have faith it will be peace. He was introduced by state Sen. Harry Boivin, president of the Senate. Owner Asks For Damages Lawsuits for damages totaling $13,000 have been filed against two 18-year-old Medford youths by a Klamath Falls tavern owner, who claims her business was dam aged by the youths' testimony at an Oregon Liquor Control Com mission hearing. Mrs. Carolyn I. Shamrock, own er of the Stevens Tavern, 404 Main Street, filed separate suits against Craig J. Miller and Steve Cummins, both 18, of Medford, Mrs. Shamrock alleges in t h e suits that Miller and Cummins falsely represented their ages on July 13 to bartender Joseph Kane. As a result, Mrs. Shamrock was cited by the liquor commission for allowing minors to remain on the premises. She was found guilty last month and her license was suspended from Oct. 2 to Oct. 9. Both youths admitted at the hearing that they had showed false identification to Cain. Mrs. Sham rock claimed the hearing was giv en "considerable publicity" and is asking for $5,000 damages from each youth. She is further asking $1,574 from each youth for tha business she allegedly lost from Oct. 2-9. Robbery Case Said Mistrial Circuit Judge David R. Vanden- berg Friday declared a mistrial in the case of the State of Oregon vs. Johnnie Lee Williamson, 18, charged with armed robbery. Reason for the mistrial was that the defense attorney used an option to try the case with only 11 jurors following the withdrawal of juror Elmer Dick, 2163 Gar den Avenue. Dick pleaded that his daughter was ill in Los Angeles and he had fo leave Friday. Judge Vandenberg said a new jury will have to be drawn for a new trial on Oct. 80. Painting Eyed Police todav turned investiga tion of a Daint-smearlns vandal over to the juvenile officer. Mrs. Clara Hennmger, 2212 Eberlein Street, reported that her house and mail box had been sprayed with red paint. 5 . w..' I r" "" "'" III III Mill IIMIIIB KIWANIAN SPEAKER Dr. Arthur S. Flemming, presi dent of the University of Oregon, stressed the need for a "spiritual breakthrough" as a means of preserving peace in the world when he spoke to the weekly meet ing of the Klamath Falls Kiwanis Club Thursday noon at the Winema. Copco-PPL Merger Tends To Check Rate Increase SAN FRANCISCO (UP1) - The merger of the California Oregon Power Co. into Pacific Power & Light Co. will result in power cost savings that will tend to check further rate increases, the chair man of Pacific Power said Thurs day. Paul B. McKee, addressing a luncheon of the security analysts, said the savings, expected by mid-1962, will not guarantee a rate reduction to customers. Pnn cipal benefits will come from the construction of connecting trans mission lines, he said. McKee was accompanied by other officers of the utility com pany. A. S. Cummins, vice chair man, said the consolidation, ef fective last June 21, will permit future financing at less cost. President D. R. McClung esti mated this year's net income at $2.30 compared to $2.35 a share last year. He said the merger is trimming profits temporarily. McClung predicted 1962 earnings will rise to $2.45 or $2.50 a share, depending on water supplies and economic conditions. The company's 1962 construction budget is $40 million, McClung said, compared to this years $48 million, which includes two major Jury Finds Dixon Guilty NEWPORT, Ore. (API - Glen Dixon, 18, McMinnville, was found guilty of first degree mur der by a Circuit Court jury Thursday night, but escaped the possibility of going to the gas chamber by the jury's recom mendation for leniency. Dixon was tried for the gunshot slaying of Linda Jean Stevens, 16, last August. A companion, Larry West Shipley, 20, was con victed of Miss Stevens' murder and sentenced to death. His sen tence is up for automatic appeal. Perry Haley jury foreman, read the verdict guilty of mur der in the first degree with a recommendation for life imprison ment. Dixon, fighting to escape the gas chamber, testified in his own behalf earlier this week. He said he did not think Shipley intended to kill the girl. Friends of Dixon and the youth's parents testified that he was withdrawn, and had an easily influenced, dependent personality. Dist. Atty. A. R. McMullen con tended that Dixon participated fully with Shipley in the slaying. Fire Calls City firemen answered two calls Thursday afternoon. At 5:25 p.m. they were called to an overheated oil stove at 301 Lowell Street. At 5:39 p.m., a trash fire in the 1400 block on Crescent Street. ODESSA COFFEE SHOP ROCKY POINT ROAD HUNTERS! ! Breakfast Lunches Dinners NOW! STEAKS FRIED CHICKEN HOME-MADE PIES OPEN 4:30 A.M. to P.M. PH. EL 4-2250 ROCKY CLOSED MONDAYS POINT FOR RESERVATIONS o O transmission lines for integration of the two systems. New financing consists of possi bly $10 million to $15 million in equities and 30 million in debt is planned for 1962, he said. The new utility covers 1,000 miles east from the Pacific Ocean including parts of Oregon, Cali fornia, Washington, Idaho, Mon tana and Wyoming. O&C Talks Recreation PORTLAND (API The O&C Advisory Board's annual meeting in Portland Thursday concerned itself largely with the problem of outdoor recreational facilities. Underlying much of the discus sion by the fifteen board mem bers present was what the board termed the urgent need for more outdoor recreational facilities for the public throughout Western Oregon. The advisory board, composed of 18 persons appointed by the secretary of the interior, repre sents governments, labor, the lumber industry, and similar in- terest groups. Under the chairmanship of for mer Gov. Charles A. Sprague, Salem, the purpose of the group is to make recommendations to the Bureau of Land Management on land and resource use policies in the O&C Lands. These are the lands which re verted to the federal government after the Oregon and California Railroad failed to develop them. Timber sales revenue from the lands is divided in the ration of 75 per cent to the O&C counties and 25 per cent to the federal government. Scout Rocket Good Success WASHINGTON (AP) Officials of the civilian space agency say the firing of a Scout rocket 4,261 miles into the ionosphere to study its electrified air was "a damned good success." But it will be several weeks, agency spokesmen said, before the scientific information radioed back during Thursday's probe could be analyzed and evaluated. Scientists are interested in the effects of this electrified air on long-range radio waves from the earth. The experiment was im portant also for tracking and guidance of spacecraft. AMIDON'S BUSINESS MACHINES 4S3S S. 6th Rtntalt Salci - Service irvlc it lb heart ol our baslnesi Enjoy beer in our New Bar ... in the restau rant with your meals . . . or to take out. I f ixfcr n On Foreign By THE ASSOCIATED PRESS Rep. William Miller of New York, the Republican national chairman, spoke in Portland, Sa lem and Oregon City Thursday and the message was the same each place. The Republican party will stand with President Kennedy on for eign affairs when the President stands firm and when the Re publicans thinks he is right. But Kennedy isn't going to get much help from the Republicans in his domestic program. Housewife Files Suit Mrs. Flora Cook, 28-year-old Tulelake housewife, filed a $25,0001 defamation of character suit this week against Maurice T. Miller, the man who accused her of stealing a $1,000 bill. Mrs. Cook alleges that she was accused of larceny "falsely, mat iciously and without any reason or cause." Miller accused Mrs Cook of stealing the large bill from him early on the morning of Aug. 12. He signed a criminal complaint and Mrs. Cook was ar rested on Aug. 16 and' jailed in the Siskiyou and Klamath County jails until the case was dismissed Aug. 18 after a preliminary hear ing. Judge Hal F. Coe dismissed the case because of insufficient evi dence. Miller had testified that he met Mrs. Cook, an attractive bru nette, at the Chuck Wagon in Klamath Falls. Miller, who ad mitted having "six or seven' drinks of whisky, accompanied Mrs. Cook for a cup of coffee and walked her to her car. He also admitted flashing the $1,000 bill at the Chuck Wagon bar. Claiming she has been injured in her good name, wounded in her feelings, involved in expense and subjected to insult and op pression," Mrs. Cook is asking $25,000 general and $1,924 special damages. The Klamath County Sheriff's office said Thursday that Miller has apparently left Klamath Falls State Board Okays Funds SALEM (AP) The State Board of Education approved Thursday a million dollar Na tional Defense Education budget for 1962-63 that will require $45,- 618 in State Emergency Board funds. The $45,618 will be asked of the emergency board to match a fed eral grant of the same amount under the federal law. The education board also auth orized a shift of $18,456 from basic school support money to match a like sum of federal funds. The Department of Education also was authorized by the board to accept and spend $811,386 in addition to that involved in the other separate items. Two Washington County partial school district reorganization plans were approved. Another from Clackamas County was re jected. Basic school support re serve funds up to $4,500 were authorized to be used to finance a study of educational achieve ment tests of 9th and 11th graders in Oregon high schools. Students in the two grades at 58 Oregon high schools will come under the study. business is when you UNION 11 CITY OF PORTLAND For complelt in formation and rrstnatwns pleafe call Affairs, Says The Republican party only needs more work and louder voices to win elections in 192 Miller said. He said at a Salem luncheon that the Republican par ty is one the party can claim with pride. The Republican Parly, Miller said, will stand with the Presi dent when he stands firm and when it thinks he is right. He said that on the admission of Red China to the United Na tions the United States should firmly stand against admission and use its veto if need be. "You don't need Al Capone on the Chicago police force to clean it up." Miller said, "and you don't need Red China in the United Na tions to clean up the world." Kennedy, Miller said, inherited from President Eisenhower the strongest military establishment in the world in spite of cam paign statements that the United States was second rate militarily. Keno Man To Face Trial On Dahl Stabbing Count Elmer J. Becker, 32-year-old Keno man. waived extradition in district court Thursday afternoon and will be returned to Yreka shortly to face a murder charge. Becker, acting on the advice of his Klamath Falls attorney, re fused to waive extradition Wednes day morning. The attorney later had to drop out of the case be cause of a conflict of interests and Becker apparently changed his mind. ' Released from the hospital Wed nesday, Becker was still showing effects of a beating when he ap peared in court Thursday. His right eye was nearly swollen shut and he held his right arm close to his body and seemed to have trouble moving it. Becker will be held in the Klamath County Jail without bail until he is picked up by Siskiyou County authorities. Becker is accused of stabbing Roger Dahl, 21-year-old Dorris DISCOUNT Furniture Store NOW OPEN IN THE Town & Country Shopping Center 3800 FEATURING NAME BRAND FURNITURE AT DIS COUNT PRICES. Broyhill . . . Authentic . . . Rev ere .. . Nod-A-Way . . . Lenoir House . . , Cam bridge . . . Sterling . . . Douglas . . . Costleton . . . Metalcraft . . . Cooper . . , Colony . . . School field . . . Empire. TERMS . . . TRADES . . . FREE DELIVERY . . . ACRES OF FREE PARKING. a go PACIFIC'S DOMELINER FAMILY FARES save you real money when you take your wife andor family along. . . . Union Pacific-Railroad A. H. CLARK, Dirt. Trot. ,.. Klamath Foil. , lnio Pacific R.R., 1 1 0J 9Mi St., Socramtnto, Calif. GOP Heed I He said Kennedy knew that and his secretary of defense had to recognize it after Kennedy came into office. At a news conference following the speech Miller said Sen. Wayne Morse. D-Ore., was one of eight senators up for election in 12 that he felt the Republicans had a good chance to defeat. At the same time he adopted a hands off attitude toward the selection of senatorial candidates, saying that was up to Oregonians through their primary. He made a point of saying that he expected to see Gov. Mark Hatfield re elected in 1962. He said Hatfield was held "very high" among Republicans nation ally and was one of a number of possible presidential nominees. He said he did not think national recognition would be a factor in Hatfield's bid for reelection be cause people would vote on the basis of his record. man. to death early Sunday morn ing in front of the Star Inn in Dorris. The alleged murder weap on is a hunting knife with a seven inch blade, according to the Sis kiyou County Sheriff's Office. Sheriff A. B. (Al) Cottar said Becker and Dahl and seven other men had been fighting sporadical ly for about two hours prior to the alleged murder. NHOUNCING A BRAND NEW So. 6th II ' e o
