PAGE I j HERALD AND NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS Bv United Press International Allied Chemical Wt Alum Co. Am 53'. American Air Lines 18' American Can 45'i American Motors 16 ATT 115 American Tobacco 29' z Anaconda Copper 41 Armco 52 . Santa Fe 25'i Bcndix Corp 54'4 ; ncthlehem Steel 29 Boeing Air 37'A Brunswick 1B1 Caterpiliar Corp .17 Coca Cola 85'i C.B.S. 43". Continental Can 4414 Crown Zellcrbach 46' Crucible Steel 16' Curtis Wright I7'; Dow Chemical SS'i Eastman Kodak 107 Firestone 34'i Ford 45 I j General Electric m General Foods 78 General Motors S8'i Georgia Pacific 4lHi Greyhound 31 Gulf Oil 3!H Homestake 4.'1? I.B.M. 3IU:'i Johns Manville 42 Kennecott Copper 66'. Martin 2 Mi Merck T1U Montana Power 37V Montgomery Ward .12 '.j Nat'l Biscuit 4.'ll2 New York Central IS'i Northern Pacific 3D Pac Gas Elec 32 Penney, J. C. Penn RR 13 Perma Cement 1.H4 , Phillips 48 , Radio Corporation 56'.i Richfield Oil 39 , Safeway 4fi' t Sears 75tj , Shell Oil " 36' , Socony Mobil Oil 59 Southern Co. 51 Spcrry Rand 13 j Standard California 62 , Standard Indiana 47 Slokely Van Camp 18 Sun Mines 8' , Texas Co. 60 Texas Gulf Sulfur 14U Texas Pacific Land Trust Trans America 44 Trans World Air 10 t United Carbide 101 ; Vnited Aircralt .il ' I'nited Air Lines 32 , V.S. Plywood 42' U.S. TUibhcr ' 40' : U.S. Slcel ' Wt Westinghouse 32 Youngslown ;.' Ml'TUAL FUNDS Prices until 10 a.m. PST today , Bid Asked ; Affiliated Fund Atomic Fund Rlue Ridge 11 28 12 34 Bullock 12 06 13.22 Chemical Fund 10 21 11.11 Comw Inv. 9 30 10.16 Diver Growth 7.79 8.17 , Dreyfus 15 42 16 .76 ; E & II Stork 12.65 13.67 Fidelity Capiial ; Fidelity Trend ' Kin Inv. Fund 3 96 4 34 Founders Fund 5.54 6 02 , Fundamental xd 8 95 9.81 , Group Sec Com ll.'m 130.1 ' Or Sec Avia El 6 64 7.78 ; Hamilton II D A. 4.69 ' Hamilton C-7 4 78 5 22 lucorp Inv. 6.75 7 38 ICA 9 48 10 31. InvrMnr' (ironp Fund Intercontinental 5.60 6 (V"i Mutual 10 79 11 66 ' Storks IT 15 WVt Selected 10 23 10 !M ' Variable 6 1.1 6 61 Keystone B 1 24 2j 99 Keystone S 3 12 m 14 IK Kevstone S-4 'yd' 3 85 4 21 MIT. M IT. Growth Nat'l Inv. 13 116 14 98 Nat'l Sec Div 3 36 3 H'l , National Grow III 7 6:1 8 :tt Nat'l See Stork 7 44 8 1:1 , Putnam Fund Putnam Growth S'ecled Amor 'yd' 8 97 9 7n , Shareholders (xd' in 20 11. 15 TV Fund 1'niled Aiciim 11 04 14 2 United Canada 17.18 186:1, United Conlinent.il 6 37 6 I'nited Income II 27 12 V I 'nited Science 6 19 6 :: Value Lines 4 9.1 3 :19 Wellmgtiin 1 181 13 2 1 Whitehall 12:9 13 m DAILY KLAMATH BASIN SHIPMENTS Rail Truck Combined Rail A Track Ttl Ori'ccm 7 16 2.1 Calllornia II 11 27 F.O.B. Ic CROW PR PRICKS Klamath Basin Feniand fair Maikrt steady too lb sacks Rush-Is US No. I.A lo 14 of. 3.25-1.50 lew .1.60 linker, 12 at. mln 1.35-3.50 1" J.MI Italrd in lb. sacks I.SO-J.lUt mostly 2.60-2.70 US No. 2 I.8O-I.90 Net price lo growers at cellar bulk rut: US No. IA I K.S-2.10 US .No. 2 .M I.OO COMBINED BAIL & TRUCK UNLOADS Oregon 36 Total All Other .Males ho.l Ooe Week Ago Orer.nn 29 Total All Other Stale, - 6D4 Wrdnf sday, January 2, 1963 Klamath Falls, Ore. WALL STREET NEW YORK (UPH - Stocks began the New Year irregularly higher today. Slcel issues brightened, featur ing U.S. Steel and Youngstown up nearly a point each. Autos firmed short distances, oils were steady, and chemicals a tri'le soft. Amer ican Telephone slid around 'j on a slower rate of earnings growth in its final quarter and Sears' shed close to a point. LIVESTOCK KLAMATH FALLS LIVESTOCK AUCTION MARKET Dec. 31, I9C2 Receipts: Cattle 870. Hogs 68. Sheep 4. Compared two weeks ago Feed er steers and heifers steady to .50 higher; wcaner calves steady; slaughter cows .50 to .75 higher considering improved quality; de mand good for stock cows. Slaughter Cattle: Steers: Good Choice 920-1180 lbs., 23.50-26.10. Heifers: Standard-Good 880-1050 lbs.. 21.00-22.20. Cows: Sid.. 18.60-19.40. Cmcl., Cutters, 13.10-14.30. Canners 10.60 11.90. Bulls: Utility & Cmcl., 18.50 21.00. Stockers & Feeders: Steers: Good-Choice, 555-710 lbs., 24.85- 26.30; Good-Choice, 727-974 lbs. 24.00-21.90; Com.-Med., 650 - 8251 lbs., 21.00-24.00; Holstcins, 410-707 lbs., 20.00-21.60. Heifers: Good - Choice. 555-665 lbs., 22.85-23.70; Com.-Med., 650- 780 lbs.. 17.00-22.00. Steer Calves: Good-Choice 353- 500 lbs., 27.50-29.90; Mcd.-Good, 460-543 lbs.. 24.50-27.20. Heifer Calves: Good Choice. 435-481 lbs., 24.70-25.70: Med. Good, 475-535 lbs., 23.00-24,10. . Cows: Medium - Good prcgnan y tested cows, 155-177.50; Com lon pregnancy tested cows, 112 a per head; Mcd.-Good pairs 10-250. Hogs: U.S. 1 & 2 Barrows fc 1.50 per head; Feeders, 125-170 bs 16.10-16.50. Reported by Ray O. Petersen, PORTLAND (UPII-(USDA) -iveslock: Cattle 550; slaughter steers ioke 1165 lb 27.50; standard ) 25; utility and commercial cows 16-18; utility dairy bred 13.50-16; inner and culler 11-15. Calves 75; choice 33; good 31- 32; standard 25; teeders medium and good 25-26. Hogs 350: I and 2 190-230 lb 18.50; high yielding 18.75: 2 and 3 200240 lb 17.5018; I and 2 sois 150-280 lb 16. Sheep 500; slaughter lambs high hoice, end of prime, wooled laughter 95-100 lb 20.50; i 101 lb 19.50. Grains CHICAGO (UPl'-Grain range: High Low Close Wheal 2 11', 2 09 I 89'; 1 92 1 97 2 10 208 I 88 1.91 l.9ti 2 10- 2.08 1.88'4- 1.91 1.96a .74-74 .71 .68- 68'. lul .74 .71 .68 .68 1 nl .68 Potatoes PORTLAND H'PP - Potato market : Steady: Ore Hussels U S No 1 3 25 3 40. few 2 7.V3 IK1; I mark line qual. 3 83. sued 2 oi spread 4 V) 4 73. few 4 00; bakers 3 30. 4.10. Stocks LOCAL NK.CUniTIKS rlies until 11:30 a.m. PST today Bid Asked Bank of niei ua '. 58 I'al Pac Utll Con Frciuhl 27 It 2.1 33 61' , 24 30' . 4'. 3l' 1 13 C puis Mines Equitable S It I. 1st Nai l Bank .lanten 30', Morrison Knuilsrn Mult Kennels N W. Natural Gas Oiei'on Met.tHuri: PPM, P.i: V S. Nat'l Bank 1'niled I'til West Coast Tel Weyerhaeuser 19', 25 Tax Reform First JFK Move For Gain In '63 (Continued from Page 1) by opinion polls when Omgresi re-open and fighting over do mestic Issues begins. According to associates, he does not have a 1964 Krpublican-oppouent in mind, but expects the race to be hard-fought In the manner of former President Harry S. Truman's re-election battle of 1948. The President looks .at the 1962 congressional and gubernu torial election results and finds the country politically Is very closely divided. He foresees no changes in his cabinet although he accepts the fact that after two years in of fice, some of his cabinet mem bers may want to return to pri vate business in the foreseeable future. This does not apply to Secretary ol State Dean Rusk There is no doubt in Kennedy's mind that Husk will stay in his post. No Knowledge Of Departures As for reports that Postmaster General Edward Day may be thinking of leaving the adminis tration, Kennedy's position is that he has no knowledge of it. He feels it is possible that some of his administration associates may want to depart, but he knows of! no definite plans at this point. The domestic fate of the nation in the Kennedy dream of refer ence, is bound tightly to the inter national situation. While Commu nist expansionism may have been blunted momentarily by the re cent Soviet experience in Cuba, the President feels the West must not let down its guard. He feels Western Europe should play a much larger role in assisting the have-not nations and not leave the burden primarily to the Unit cd Slates. He has the. same alti tude toward prosperous Japan. In his opinion. Soviet Premier Nikila S. Khrushchev would have scored a resounding victory had his strategy of placing Soviet me dium-range ballistic missiles in Cuba been successful. This would have given Russia a psychologi cal boost with the rest of the world as great as that gained irom spuiiiiK I in inc insi ncvauc. Khrushchev, however, learned in Cuba the United States would risk war when necessary and. in the President's opinion, the Soviet leader will now move with great er caution than he displayed in going into Cuba. Kennedy is deeply concerned about conditions in Latin Ameri ca. He plaus to ask Congress lor increased funds for the Alliance (or Progress, but the boost over last year's figure will not be sub stantial because aid to South America produces a net drain on balance o payments. 11 regard. Latin American relations as so important Hint he plans to travel extensively m the area in 1963 and next year. loo. There is a possibility he will meet Ibis vear with French Pres ident Charles do Gaulle who has a political problem in ralionalii- ing his firm program for indepen dent nuclear deterrent power with U.S. and Biilish efforts to form a multilateral force wilb Frame within the North Atlantic Treaty Organization Unrest Creates Problem Kennedy does not want' to see the western alliance begin to fragment into individual deter rents with inevitable and weaken ng imbalances. While the United States may have the edge over Russia in nuclear weapons, the Obituaries HANFK p rt'M Pec ! No u Vfwj O Hir Vfmorlat Cacti m ihntg f fdi'aer OLSON Rphfrt S OHon duvJ Orr .11 SurvNM Mi wirto. Vvll OKon dU'imth nil Funeril fryicri w.l W hfld Tfiu' iv. Jo'i .1, i p m in O Mir cmn al Chapel Irtlaimrit Lmkviilt Cem tef y MKIL til t"M Jn 1 Survlvftl f- n tvfm"v Lou Sthulcntfr, Kiirr .1 . A-thin rl f - t VAIl) All 0 hi dan; thrrt gi .ii1C ''il(t pn VftT(W'l Cllflll Will tOKVU'fl to ftrvhfitfr, Vnh , (cm 'viu tfmenl. mm am I President feels the means of dc livery has become more important than kiloton capacity of a war head. This country has no more atmospheric tests scheduled at present and will continue to press lor a test ban, but pending a workable agreement some under ground tasting will continue. He sees added problems in 1963 because of unrest and great need in South America and Asia. He is confident Red China eventually will explode a nuclear test bomb, but he does not forecast the time. according to associates. When Red China docs test 'successfully, he believes this will add to Sino- Soviet friction. This could end up as a plus for the West if Russia then shifts toward her more his torical identification with West ern Europe. There are no signs of such a shift at present, but the President feels it may be a pos sibility over the international horizon. His mood shortly before the new Congress convenes can be described as one of dctcrmlna tion, admittedly more realistic than optimistic and quite rejec tivc toward the philosophy that big government Is dulling pri vate initiative. Because of the time-honored seniority system in Congress, he feels he must proceed with caution in ad vocating any modernization of congressional procedure that might cut across the feeling of Independence In the legislative branch. This, however, docs not rule out his fight concern ing makeup of the House Rules Committee. Sees Tough Tax Sledding ' If the Rules Committee is kept at 15 members as the administra tion desires (Chairman Howard Smith of Virginia would like to see it revert to 12', Kennedy then sees an opportunity to bring even controversial legislation to the floor for a vote. To keep vital I bills off the House lloor would be bad public policy in his opinion. Furthermore, Kennedy .feels it would be a terrilic responsibility for Republicans, as well as (or a R0d many Democrats, to put the powerful Rules Committee in con trol of those usually opposed to almost any action the Kennedy leadership would want lo under take. Even with a favorable outcome in the Rules Committee fight, the President expects tough sledding lor his lax proposals. Such im portant voices oi labor and man. agement as Ihe AKL CIO and U.S. Chamber of Commerce are for the tax cut, but the President also is aware of some rather im pnrtant'pcople in Apposition. Award Made For Lights MAUN - The Malm Garden Club has announced the winners of the Christmas I-tehting Contest wmsorod bv the club and Paci fic Power and LicM Co Mr. and Mrs. George Browning received fir.st place award for l he doorway decoration, with Mr. and Mrs. Dale Holl second. The window catecory was won by Mr and Mrs. Rob Derra. and Mr md Mrs. Kohert Godum received honorable mention. Mr. and Mrs Fred Gordon placed fnt in the Nativity cate gory. The overall prize went to1 Mr and Mrs. .1. Walter Itrowning In the junior division, .loan and .lovce Wullan! were named first in window decorati mis. and they do received linmirable mention tor their doorwa. Kirt place in the overall category was received bv .tohnnv Greene, and Dannv Totcll pi. nod second. Ask about daily "Business Cotd" SPOT ADS TU 4 8111 I'll! u'-.l M1 FUN ON THE ICE The majesties of the winter season brought forth this picture of youngsters enjoying a hockey game on the Ice of Upper Klamath Lake. Ice skaters turned out over the weekend and the New Year in almost all areas where water had frozen in ponds, lakes and canals. Authorities, however, warned skaters to be parti cularly careful, especially in the Upper lake areas where hot springs tend to make any ice thin and skating hazardous. Ckiloquin Man Accused Of Burglarizing Home Arlin Lee Rich, 31, Chiloquin was arrested by the California Highway Patrol in Dorris, Calif.. Tuesday night and was released to the Oregon State Police which had sought him for suspicion of Banker Dies During Hunt ORLAND Robert J. Davis. well-known retired banker and rancher in Southern Oregon and California, was killed Christmas night at his hunting lodge near Baja, Calif., according to word received at Orland Monday. No particulars of the incident were available, but it is thought his death resulted from a hunting accident. A former resident of the Klam ath area, Davis. 62. moved to Baja about two months ago from Orland. His wife died four yeai ago and the couple had no chil dren. Survivors include his par ents, a brother, and a sister, all of California. The body was cremated Mon day and the ashes were deposited in Boileja Hay. Two Blazes Extinguished Suburban firemen were called to their first two (ires for the new year. Firemen were called lo the Sam J. Pappas trailer house residence, 6660 S. 6th Street, at 2 04 p.m. Tuesday to extinguish a fire in the kitchen. No one was injured, but the blaze caused extensive damage to the kitchen area. A fire in a pot on the stove ap parently started the blaze, accord mg to reports from firemen. At 1211 a m. Wednesday the fire department was called to the K. A. Blair residence. 3221 Crest Street, to put nut a flic that had started in the roof and ceiling uound the fireplace flue. Kncmcn preenlcd Ihe lire from spreading and there was only mi nor damage to the root and ceil inu. according ti rcs-irls. FEATHERT0UCH SLIDE CHANGE! WITH MICRO F0CUSI TRU-llff PICTURES! Sal UiUfb "EASY EDIT CUTS TIOIOUS TY SCT-UP WORK Knmv complete fril hertotn-h rnntml. SinipMv Irnv ar ranging .lint IikM up, prn- le I bm reen prr wtiili nu 'l up Imvb neht thr firnl lime with qui, It "I v l H,t UK', Sl'l!l IA I'RI'- II w - it U K 4-tn, h nnAtig- J-l M MJ , ; ' ' '-- . i ' ' ? " "tkS burglary, state police have re ported. Rich is awaiting arraign ment in the Klamath County Jail. The suspect is accused of the theft of a pistol, rifle, and frozen meat from the home of .Mr. and .Mrs. Kenneth L. Leach, 4035 Bry- uit Street, about 6 p.fh. Tues day. California police found the missing items with Rich several hours after the alleged theft and extradited him to police here. .Mrs. Leach said she had been away from home during the day and became aware of the burgla ry when she returned at 6 p.m State police said they had no knowledge of the incidents which led to Rich's arrest. Timber Sale Talk Slated The timber sale program In Ihe. national forests during the coming year will be the subject of discussion at the Fourth Annual Klamath Basin Timber Operators' dinner meeting to commence 6: 15 p.m. Thursday at the VVinema Mo tor Hotel, the Winema National Forest announced Wednesday. Representatives from 28 local companies have been invited to the no-host dinner which will also be attended by personnel from Ihe Bureau of Land Management and the Rogue River, Winema, Fremont. Deschutes and the Mo doc National forests. County Totals Pay To Jurors Klamath County paid $.17l.90 in salaries to 112 jurors assigned to civil and criminal cases dur ing December, Counly Clerk Charles DcLap reported Monday. Money paid by the county to people on jury duty totaled $2.- 6111.70 the previous month and S2.64R 30 during October, accord ing to the county clerk's office. Soy "Welcome" to th new arrival. Toko freth (lowers ot the hospital or homt from Nyback'i, 3614 So. 6th. '..V ' "500"E PUSHBUTTON AUTOMATIC ELECTRIC 2'x2' SLIDE PROJECTOR BIG SCREEN PREVIEW" mfllif mu-ro foot rm . , , f-OO-watt: lamp, 'com-livf pu-turo . . . lYhmtt nhHp pn thrv don't "pop". . Qmrt tnrbint moling., . Mastrrful cin.tnctinn . . . Compart with othrra nt much htchT prir . . . HnnHomt uliHf-nn cjttt inrltiHfkri . . . Effi cient mrtdm drviKn r;JI '".VVK nt only 79" , ' : - C''?ir,i..i: - r, m f . . , Knife, Fork Slates Show By Mentalist A mystifying mentalist by the mysterious name of DeMille, is the guest entertainer for the Jan uary meeting of. the Klamath Falls Knife and Fork Club, Jan. 6. The dinner meeting at 6:45 p.m. will be at the Winema Motor Hotel. DeMille has been given wide acclaim as the "most thought provoking man in America." Ar lene Francis ITV What's My Linei said after .witnessing one of his performances. "This is fantastic." Ed Sullivan. "DeMille is the fore most mentalist in the field." and metropolitan newspaper crit ics have said he is no ordinary mentalist. The Chicago Daily News came to this conclusion after DeMille had forecast on Monday what the headlines of the paper' would read on Thursday. He was exactly right, even predicting the headline that a cab driver would save children Irom a fire. Equally weird predictions have been made about other things. ueservalions must be in the hands of the secretary. P.O. Box 222 not later than the day of the dinner. Bob Most will preside. John Houston will introduce the per former and grace will be by Rev. Laing Sibbct. . Funerals HOPI Funeral iervlcel lor Roberl Hod will be held from the chepel of Warm KlAm- h Funeral Home Thurjdav. Jan. 3. 1963. at 1:30 p m. Concluding services Klam ath Wemorlal Park. HEW SHIPMENT bv "AileeiY m The Sport That Are . . . . . . More Fun . . . More Fashion . . . More Fit And Take Less Core.' Capris Skirts Tops Tops Come in Blouse or Cordi gon Styles. COLORS: Pebble Green, Sandstone, Poppy, Porrywinkle Blue and Black. Good Size Range TOPS SKIRTS CAPRIS Low, Low Prices Plus "S&H" BUY ON REVOLVING OB 4480 South 6th Congress Plans Probes On Dope, Baby Adoption WASHINGTON tUPil - Con gress is planning a heavy diet of investigations this year with in quiries already set on such di verse subjects as the baby adop tion racket and narcotics peddling. Other scheduled investigations range from sales of pep pills to teen-agers, to newspaper merg- Two Charged In Assault Incidents Klamath Falls Police arrested two men on charges of assault with a dangerous weapon in two separate incidents this week that involved threatening actions with pistols. Stanley Rodak, a transient was arrested late Monday afternoon, after he allegedly pointed a .45 caliber pistol at John Lake at 730 Plum Street, at about 5:30 p.m Monday. Lake said that he told Rodak to leave the premises and Rodak :ot mad and took out the gun. Rodak had apparently been drink ing. Police arrested Rodak shortly after the incident at the Waldorf Bar. David Lee Sloan. 825 Grant Street, was arrested for assault with a dangerous weapon after he threatened a patrolman with a revolver after the policeman came to the apartment to stop 'a family fight. Police received a call from someone who lives in the apart ment house complaining that Mr. and Mrs. Sloan were fighting about 7:30 p.m. Tuesday. When the patrolman arrived he was let into the apartment by Mrs. Sloan. Sloan told the officer there was no trouble and that he'd better get out of the apartment. When the patrolman tried to get to the bottom of the dispute between the pair, Sloan drew a pistol and again told the police man he'd better leave. The patrolman then left and cdlled the station to get assist ance. More policemen came to the scene, disarmed Sloan and arrest ed him for assault wilh a danger ous weapon. Drunk Driving Charge Wrong A Klamath Falls youth, Steve L. Owens, 18, 1537 Wiard Street, driver of a car that was involved in an accident at 8:37 p.m. Dec. 21 at the intersection of Third and Main streets, was no! arrested for drunk driving as the Herald and News indicated in a story Dec. 24. According to the city police re port. Owens was cited for being drunk in public. Co - Ordinates -2" U Irom A dZddl ers and stockpile surpluses. Even the Billie Sol Estes farm scandal may take an encore. Last session Congress spent more than $5 million on investi gations, accumulated thousands of pages of government-printed testi mony and heard a bewildering number of witnesses testify with moist faces under the glare of camera lights. Out of last year's inquiries, perhaps the major accomplish ment was enactment of tighter federal controls over the manu facture and sale of drugs. This grew out of hearings on the baby deforming drug, thalidomide. Congress also passed a package of laws cracking down on gam bling and the interstate shipment of gambling devk'cs, largely as Ihe result of Senate crime hear ings. The preliminary lineup of in vestigations for the new 88th Congress, which convenes Jan. 9, reads like a handy catalog of crime and profiteering. The Senate Foreign Relations Committee will try lo expose the operations of -foreign lobbyists who work against the interests of U.S. foreign policy objectives. Sen. John L. McClellan, D-Ark.. chairman of the permanent in vestigations subcommittee, has inquiries scheduled into world trafficking in dope. He also may look into the current dock strike. alleged bribing of college ath letes, and the awarding ol a multi- million dollar contract to General Dynamics for the all-service F 111 lighter plane. O'Donoughue Funeral Set Funeral services will be held in Red BliTff Jan. 3 for Ivan O'Donoughue. 67, wno died Dec. 29 in the Southern Pacific Hospi tal, San Francisco, following a lengthy illness. He was 67. Hoyt's Funeral Home is in charge. Mr. O'Donoughue had worked for the Southern Pacific Railroad (or 42 years as passenger agent, part of that time in Klamath Falls. He was a native of Ash. land, a veteran of World War I, charter member of the While Pine Masonic Lodge in Weed, the Royal Arch, Knigjils Templar, shrine and the American Legion. Survivors include the widow. Orpha of Rod Bluff.: two daugh ters, Mrs. Clay McClendon and Mrs. William Lewis of Redding: a sister. Mrs. Henry Bonney, Klam ath Falls; one brother, Walter ol Sacramento; also six grandchil dren. TU 4-8173 GILLorl RITQ 410 MAIN STREET Green Stamps CHARGE 706 Main and Town & Country Next to Oregon Food