I
Building
Shows Drop
Building permits decreased in
Mamaui Falls in December, !92
compared to December. I9til. the
I'niversity of Oregon Bureau of
Business Research has reported.
In December, 12. the total
was $8.40, compared to $21,217
in the same month last year.
Building permits from 147 iden
tical reporting centers in Oregon
totaled S14,415,0I9 in December,
19fi2. This was 9.3 higher than
in December, 1961.
The state total in December.
12, included Sfi, 107,4 for 511
new dwelling units; 53,635,216 was
lor non - residential construction,
and $4,652,387 for additions, alter
ations, and repairs of casting
structures.
For the same month last year.
the $13,185,960 total of permits
was composed of $7,074,390 for
547 new dwelling units; $4,455,926
(or non-residential construction,
and $1,655,644 for additions, alter
ations, and repairs to existing
structures.
Rise Seen
By Copeland
This year is expected to be a
banner one for the J. V. Cope
land Yards, West Coast lumber
and building supply yards, it was
reported by J. V. Copeland, pres
ident and general manager, at
the recent managers' meeting in
Portland. Most of the 67 yard
managers were present.
Copeland, whose company ob
served its 50th anniversary last
.November, predicted that resi
dential construction by mid-1963
will be on a fast upswing. He
based his forecast on the fact that
by the middle of the year more
war babies will be Retting mar
lied; higher incomes will allow
more younger and older persons
to have separate households, and
a good supply of mortgage funds
will be available at attractive
terms.
The three-day meeting of Cope
land managers of yards in Ore
gon, Washington, California. Neva
da, and Idaho was on a complete
optimistic note. "The F. W. Dodge
Corporation predicts an overall 5
per cent gain in construction over
12." Copeland said. "This gain
will he above the average of the
last seven years."
.J. W. Copeland Yards expects
to share considerably in the build
ing business boom," he added.
One of the largest organizations
of its kind in the West. Cope
land Yards retail more than 50,
(Kio.000 board feet of lumber an
nually. Debits Up
For Banks
Bank debits for the Klamath
Falls area including Klamath
and Lake counties, increased in
December, 1962. compared to
December, l'.WI. the University of
Oregon Bureau of Business Re
search has reported.
Debits for December. 12. to
taled $41,924,904. For November.
1962. the total was $46,340,516,
and for December, 1961. the total
was W 1.356.028.
Oregon, with 253 banks retort
ing had a decrease in bank debits
in December. 1962. of 5.4 as com
pared with November. 1962. and
an increase of 10.1 compared with
December. 1961.
Total debits for Oregon in De
cember, 1962. came to $2.30R..K'.3.
m.1. For November. 1962. debits to
taled $2,441,298,003 and for De
cember. 1961, the total was $2.
097.408.552.
ILLINOIS Ll'MBKR
CHICAGO il PP Illinois pro
duces 101 million hoard feet of
lumber a year and ranks loth
among the states in production of
paper and paperboard. according
to A C. roley. chairman ol tne ii
linois Forest Industries Commit
tee
NEW SIGN GOES UP A new all-plastic, all. lighted' sign n beinq hoisted and
welder) into place over the Chevron tervies station of Harold "Bud" Cloate, 1203
Main Street, when thii picture was taken. Cloak is shown at left watching workmen
for the Electrics! Products Company place the sign which coit about $2,500.
. ;, v
UrZJ
FRANK HOLMES JR.
U.S. Bank
Promotes
F. Holmes
Frank Holmes Jr., former as
sistant manager of U.S. Nation
al Bank's Klamath Fall branch,
was promoted to senior vice pres
ident at the annual meeting of
the bank's shareholders in Port
land this week.
Holmes, a member of the
bank's business development de
partment, started with L'.S. Na
tional in 1922. He moed to the
investment department in 1!C9.
went to the Klamath Falls branch
l'J"7 and to Grants Pass as
manager in 1940.
He became assistant vice presi
dent and manager of the stadium
branch in 1947 and vice presi
dent at the head office in 1957.
Holmes is a member of the
Hiverside Country Club, the
Third Oregon Infantry Associa
tion and the Portland Chamber
of Commerce.
R. Glassow
Represents
Wood Group
Former Klamath Falls resident
Roy F.. Glassow has been named
lirst southwest regional represen
tative for the Timber Operators
Council in Coos Bay. it was an
nounced by Karl F. Glos. execu
tive vice president, in Portland.
For five vears Glassow was af-
iated with the Pine Industrial
Relations Council in Klamath
Falls.
Council offices in Coos Bay arc
at 175 North Second Street, and
the area to be served by the of
(ice includes south to Areata and
Eureka. Calif., north to North
Bend and east to Maplelon.
The Timber Operators Council
presents 1 employers in lum
ber and wood products industries
in southwest Alaska. Washing
ton, Oregon and northwestern Cal
ifornia. Glassow, an attorney and veter
an in personnel and labor mat
ters, served in the TOC Portland
regional office from November.
I960, until early 1961. He recently
has been personnel manager of
the California lumber operations
of the Diamond National Corpor
ation at Red Bluff.
The new regional TOC represen
tative also has worked for Brooks
Scanlon Lumber Company at
Bend. Prior to that he was en
gaged in the general practice of
law at Superior, Wis He holds a
law degree from the University of
Wisconsin.
He has a wife and three daugh
ters. KIRK LOSS UP
NEW YORK U TP - The na
lion's annual fire loss has gone up
about $130 million a year in 12
years, the Insurance Information
Institute estimates. How much of
the loss is represented by shrink
age of the dollar was not estimated.
mjiTHmrrr" " j tt pmmmtmmr
I ; V- ! j
Alturas
Land Bank
Loans Told
ALTURAS - A total of $885,000
in Federal Land Bank loans
were completed in this area in
1962. according to local manager
Roger Collis. This brings the as
sociation's outstanding loan ac
count to $2,829,907, an increase of
$230,700 over the amount out
standing a year aso.
"The principal reason for great
er use of credit," Collis said, "is
the increased need of farmers and
ranchers for capital to keep up
with the continuing changes
agriculture. The adjustment of
farming units through the pur
chase of additional proierty, the
modernization of building and
equipment and the changing crop
ping pattern, all have contribut
ed to the increased demand for
long term mortgage credit."
Collis added that his association
is one of the 46 Federal Land
Bank Associations in California.
Arizona, Nevada, and Utah
through which the Federal Land
Bank of Berkeley makes long
term real estate loans to farm
ers and ranchers. The bank has
loaned $56.3 million in the four
states during 1962 and $224 mil
lion in loan volume was outstand
ing at the end of the year. This
is the highest in the bank's his
lory.
The recent reduction in inter
est rates to 5.2 per cent on Land
Bank loans outstanding will save
present borrowers approximately
$454,000 in 1983. and the four per
cent stock dividend declared by
the Alturas association will fur
ther reduce cost to local mem
bers. PIE Expects
New Outfits
Orders for new equipment
exceeding two million dollars have
been placed by Pacific Inter
mountain Express Co. A. S.
Glikbarg, president of the inter-
tate motor freight common car
rier, announced that the new
equipment is scheduled (or deliv
ery during the first quarter of
1963 and that the purchase in
cludes additions to the PIE fleet.
as well as replacements of some
units presently in use.
The purchase is part of PIE's
continuing program of equipment
modernization and licet expansion,
trucking firm also took delivery
on equipment worth two million
dollars.
The 1963 purchase includes 21
16-foot trailers. 142 24-foot trailers
20 40-fool trailers. 21 pickup and
delivery trucks. 146 tractors, six
hostling tractors, six special vans,
29 lift gales and 146 fifth wheels
Serving 3,100 points direct in
the western two-thirds of the na
tion, PIE operates along a 24.000
mile route system west from Chi
cago. Kansas City. St. Louis and
St. Paul. Headquarters of the
trucking firm are in Oakland
Calif.
Revenue Bill
Introduced
SALEM 'UPI' - A one - shot
revenue bill for Oregon was intro
duced today in the House.
It would require employers to
deposit withholding taxes on a
monthly instead of quarterly ba
sis. House Tax Committee Chairman
Richard Eymann. D - Marcola
headed the sponsors. Gov. Mark
Hallield had asked for the bill.
Estimates are it would raise $4
to $6 million next biennium.
FIGHTS KOKGKRS
DENVER. Colo. 'UPD -
hank here is printing pictures of
its customers on their personal
checks in a drive to cut down on
forgeries. The checks cost afoul
15 cents rr.ore a hundred than
thoe w th onlv the customer's
name and address.
NEW BUILDING RISES The new structure which will house the Oregon State
Employment Office begins to take shape at the intersection of Eighth and Oak
streets where foundation forms are in place and work progressing on the building.
Brosterhous Construction Company has the contract at a cost of $93,975. Howard
Perrin is architect. The bid covers complete construction, including landscaping,
fencing, paving and other items needed to prepare the building for use.
filf Business Review
HERALD AND NEWS, Klamath Falls. Ore.
Bank To Receive Acclaim
For Overseas Sales
Elforls of First National Bank
of Oregon to significantly in
crease U.S. sales abroad will be
rewarded at a ceremony in the
Sheraton-Chicago Hotel Tuesday
morning when the bank receives
President Kennedy's "E-for-Ex-ports"
award, the U.S. Depart
ment of Commerce announced to
day. Secretary of Commerce Luther
H. Hodges is scheduled to make
the presentation to First Nation
al Bank President Ralph J. Voss
attending a national credit con
ference sponsored by the Amen
can Bankers Association. The
presentations will precede an ad
dress by James J. Saxon, Comp
troller of the Currency, U.S
Treasury Department.
Four other hanks will also re
ceive the citations and the nine-
nd-white "E" pennants. They
re: Bank of America. National
Trust k Savings Association, of
San Francisco: Rhode Island
Hospital Trust Company, of Prov
idence; Bankers Trust Company.
of New York City: and Central
National Bank of Cleveland
The "E" pennant, first raised
during World War II above Am
erica's war plants as a symbol
of production excellence, now sig
n it ics outstanding achievement
in hetping to develop the sales
of American goods and services
in overseas markets, or the pro
motion of tourist business from
overseas.
President Kennedy revived the
use of the "E" award last year
as a means of recognizing the
efforts of American organizations
in reducing the balance of pay
Oil Industry
Studies 1962
TULSA. Okla. UPD - The U.
S. oil industry broke few records
in 1962 but the year produced
several bright developments point
ing to better business in 1963.
Chief among these were the
new import quota formula and
the end of widespread retail gaso
line price wars.
Pipelines and petrochemicals.
glamor items in the oil and gas
business, continued their growth.
Texas parsed the half-million
mark in well starts during 1962
and the state railroad commission
began a crickdown to plug pro
ration paps. The widely - puhli-
zed slant-hole investigations
were part of the get lough
policy.
Red Oil Cut
Cheap Soviet oil. which had
heen used by the Russians as a
cold war market, was cut back
during the year by the U S S R..
apparently because it got tired
of losing money by selling at cut-
rate prices.
Automation throughout the in
dustry continued at a rapid pace.
culling costs at refineries and
simplifying pipeline control, but
bringing forced cuts in employ
ment. Largest and mo-t powerful cat
in America is the jaguar. It vime
times 'but rarelyi is as big as
an ordinary ticer.
Exclutivt! Fait!
Polaroid Reprints
' 2 for 25c
LEC'S CAMERA SHOP
S16 Mam Ph. 2-3111
n
By Floyd
Sunday,
ments deficit. Tile United States
must increase dollar receipts
through earnings abroad to meet
the nation's overseas defense and
aid commitments.
Recognition of the efforts of
U.S. business organizations with
E" awards has helped to slimu
itc the overseas sale of Ameri
can products. Secretary Hodges
says this increased business
ibroad is providing more prof
its lor American business, more
jobs for American labor, and a
better image of the United Stales
in Hie eyes of the world.
All five of the banks being hon
ored in Chicago have conducted
aggressive campaigns through
their overseas correspondents1
md representatives to find new
Nelson Attends Session
Of Western
Slats Nelson of the Swan Lake
Moulding Company of this city,
is attending the Western Retail
Lumbermen's Association fiOth
Annual Convention and Building
Material Exhibit in Seattle, Wash.
Nelson, who is a director of
the association, informed the Her
ald and News that dealers from
areas of Washington. Oregon,
Idaho and Alaska will attend this
big annual event. He stated that
the lumber and building material
dealer recognized his responsibil
ities and opportunities to serve
homeowners and the community.
To more adequately meet these
responsibilities, programs have
been scheduled during the three-
day meeting to help the dealer
function expertly as an adviser
in new home planning, home im
provements, modernization and
maintenance.
According to Nelson, the latest
Wall Street
Chatter
NEW YORK i UPI i - Most
stocks have not been "getting
anywhere" (or the past two
weeks, notes L. O. Hooper of
W. E. Hullon & Co. but the list has
not develop! any real weakness
after its last sharp rise.
A traditional approach would re
quire more strength and activity
in siecuative issues before there
is an imjiorUnt correction Hoo
mt believes that, from a longer-
pull investment int of view, the
quality slix'ks are the interesting
issues to buy and hold.
Whatever your move
Whatever your need
There's a
Free City Map
for you of Peoples
Pfevt cemt in nd aik for
Ut our cuttomer pork t no, on
juit off Sutfi St.
PEOPLES WAREHOUSE
"SINCE 1918" Only Locally Owned Movn
"No Futs No Must - When Moved by Us"
STORAGE CRATING PACKING
Agtnti fat Btkini . . . Crsit Country or Anuitt th World
4 r rife fn
I ia.l L --..- If J fS;I
1 -ltrr
L Wynne
January 27, 1963
PACE 3-C
Effort
sources of business (or llieir
American customers, while at the
same time pointing out specific
overseas business to local man
ufacturers and others.
The First National Bank of Ore
gon was cited for conducting a
program' of international adver
tising to build overseas business
for i'acilic Northwest firms, pub
lishing booklets on overseas trade
procedures, circulating business
men with trade opportunities
lists, and calling on manufactur
ers to convince them they should
ell abroad. The wink of the1
bank, its 90 branches and 2.600
employes, in helping Hie Exporl
Expansion Program resulted in a
growth of several hundred per
cent in its export financing
Lumbermen
building materials, tools and in
stallation techniques will be dis
played and demonstrated by local
nd national manufacturers in
one of the largest shows of its
kind lo appear in the Pacific
Northwest. The sparkling new
iind spacious Exhibition Hall on
the World's Fair site will pro
vide excellent facilities (or these
exhibits.
Business sessions each after
noon in the attractive Playhouse
adjacent lo the Exhibition Hall
will include outstanding speak
ers such as Dr. Kenneth McFar-
land, considered "America's No.
1 Spokesman;" G. C. Klippel,
Klippcl, financial analyst; Carroll
O'Rourke, consumer market
manager. Weyerhaeuser Com
pany; Tom O Council, assistant
vice president in charge of
personnel and public relations,
Washington Title Insurance Com
pany, and Eden Ryl. Eden Ryl
Organization.
"Mrs. America" will be the
lealured siieaker at a luncheon
(or ladies accompanying mem
hers. The program will also in
elude a presentation, "The Latest
in Hair Styling" by Pcsola's
Beauty Studio.
Nelson is enthusirsliral'y look
ing forward to this convention
and the outstanding programs
scheduled to assist him and his
fellow dealers meet the responsi
bility of better service to his cus
tomcrs and Ihe community.
Runner, Spanish and Virginia
are Ihe three main varieties of
peanuts grown by U.S. peanut
growing states. .
mop.
Brood,,
Contractors
Plan Meet
In Portland
Northwest area contractors will
meet in Portland Monday and
Tuesday. Jan. 28-29. to review
1962 building activities, elect di
rectors and officers and hear
reports on the 1983 construction
outlook.
The two-dav convention, lo be
held in the Multnomah Hotel, will
mark the first session of the re
cently merged highway - heavy
construction division and build
ing division of the Portland chap
ter, Associated General Contrac
tors.
Contractors from Oregon and
5'i counties of southwest Wash
ington will hear Clifford S. Nel
son, vice president, Continental
Illinois National Bank, Chicago,
address the annual membership
iuncheon Tuesday, Jan. 29.
Nelson, author of numerous ar
ticles on banking, credit and con
struction and guest lecturer, grad
uate school of banking, Univer
sity of Wisconsin, will speak on
linancial and credit aspects of
the construction industry.
Directors and officers of the
AGC will be elected on the open
ing day of the meeting. Other
first-dav activities will include a
reHrl on the merger of the Iwo
AGC chapters by W. Ray Rog
ers. Portland: a safely demon
stration by Merle Bassctt, safe
ly supervisor, Bonneville Power
Administration and committee re
iwrls. Second day highlights will in
clude presentation of the "Bill
McN'ult Trophy" to the outstand
ing AGC committeeman of the
year as well as other awards.
Sessions will conclude with the
annual dinner Tuesday, Jan. 29,
at 7 p.m.
Present AGC officers are
Robert A. Heintz, president;
I-eonard Runklc, vice president,
Harry A. Dick Jr., second vice
president and G. E. Kibbc, sccrc-
lary-treasurcr.
CF To Buy
New Stock
Consolidated Freightways has
omplelcd new equipment alloca
ions (or 1963 delivery amount
ing to $5,520,000, it w as announced
today by tlie trucking firm's vice
president of equipment and pur
chasing, Vincent Graziano.
The investment in carrier reve
nue equipment includes 226 new
trailers and 140 new tractors al
ready on order, as well as pro
jected additional purchases
meet mid-year requirements.
Of the new power units, 130 arc
for use in city pickup and delivery
work, while 10 will be used in
intercity service. Fifty-seven trail
ers as well as 79 new pickup
rucks will be added to the com
pany's city pickup and delivery
fleets, loo.
Tlie purchases also include Oil
refrigerated trailers, 50 of which
are 40-foot units, while 40 are 27
foot doubles. Also added will be
100 4-foot open-top vans and 36
dry vans.
The new equipment outlay for
1963 is comparable to CF's 1962
expenditure of $5,503,000, Grazi
ano pointed out.
Consolidated Freightways, one
of the nation's leading common
carrier truck lines, serves .12
states, including Alaska, and the
western provinces of Canada.
Natural Gas
Funds Asked
SALEM UPI - Financing for
part of Cascade Natural Gas cor
niral ion's 195 Oregon construc
tion program was given a green
light by the .State Public Utility
Commission loday.
Commissioner Jonel C. Hill said
he had authorized Cascade lo
issue $5,818,700 in 5' per cent
convertible subordinated deben
tures to Magna Pipe Line Com
jiany Ltd., Vancouver, B. C.
Part of the money will be used
(or Cascade's $1 million Oregon
construction budget. This Includes
construction of distribution grids
at Crescent in Klamath County
and Umatilla. In Umalilla County.
The extension and rehabilitation
has existing systems in the Pendle
ton. Baker, Ontario and Bend dis
tricts also is slated.
GUARANTEED
TRUCK
SERVICE
AND REPAIRS
W'r Spacialiiti en
4 h..l drive Wlllyi
Mtp' vahicloi, but we
are equipped to serv
ice oil make.
JOE FISHER
Lincoln, Mercury, Comet
Willy 'Jeep' vehicle!
.77 So. 7tK fh. 4-1104
lawttftfy Phofitl
Charlie -, 2-4St
JAMES CRISMON
ifth Place
Sales Honor
To Crismon
James II. Crismon. district
manager of the Great West Life
Assurance Co. in Southern Ore
gon and Northern California, com
pleted 1962 in fifth place in the
U. S. field force in the sale of in-
ividual accounts and health pol
icies.
In Decemlier. he placed Hlh
in the nation in volume of com
bined life and accident and health
sales.
The announcements were made
in Uic company's year-end bul
letin of Jan. 10.
West Leads
n Women
Work Total
SAN FRANCISCO The West
leads other regions in the per
centage gain in the number of
women workers, according to a
ccently published U.S. Depart
ment of Lalxir report, "Women
Workers in I960: Geographical
Differences."
Mrs. Madeline II. Codding, re
gional director o( the Depart
ment of Labor's Women's Bureau,
slated here that the gain in wom
en workers in this region between
1950 and 1960 was nearly 60 per
cent while the national average
was only 35 per cent.
The Northwest had the lowest
gain with 24 tier cent. The North
Central and the South had gains
of 31 anl 40 per cent, respective
ly-
According to Mrs. Codding,
the shift of women workers into
the West is closely related to both
the movement of American indus
try and the redislribution of our
total population. She pointed out
that the report is based on Bu
roau of Census data which covers
Uie general social and economic
characteristics in each state.
The largest increases by individ
ual states also includes those in
the West. Nevada, Arizona and
Alaska had increases ranging
from 91 to 125 per cent for women
n the labor force, further, uicse
stales were among those with the
largest percentage increase in
women in tlie population, 68 to 81
per cent.
In addition, significantly high
gains in both the labor force and
the population of women occurred
California. Here Ihe increase
in women $ employment was w
per cent.
Other aspects of women s em
ployment covered in Ihe report
are percentages of women who
work; women's importance in the
labor force; increases in number
of working wives; the rise in the
age of women workers, and earn
ings and income levels.
Copies of the report may he
ordered through the Women's Bu
reau, U.S. Department of Labor,
Hoom 308, 6.10 Sansome Street,
San Krancisro II.
HERE'S PROOF YOU'LL
LIKE OUR PRINTING:
Quality Job
No Job Too Large or
Small
Deadlines Met on Time
Satisfaction Guaranteed
and, our customers come
back!
fiuide
Printing, Inc.
12th & Klamath
TU 4-5373
She Oil
Income Up
Consolidated net income of
Shell Oil Company and all wholly
owned subsidiary companies for
1962 is estimated at $157,675,000,
highest in the company's history,
according to Monroe E. Spaght,
president. This compares with
$140,358,000 for the same period
in 1961.
Earnings per share amounted
to $2.60 in 1962 and $2 32 in
1961 based on 60.547,568 shares
outstanding at Dec. 31, 1962. Con
solidated net income for the
fourth quarter of 1962 is esti
mated at $47,198,000. This com
pares with $37,344,000 for the
imn period m 1961.
"We are encouraged by Ihe re
sults for 1962, and we hope they
are an indication of progress that
can lie expected to continue,"
Spaght said.
Tlie income improvement was
aided by increased sales vol
umes and somewhat better pric
es late in the year. "Shell's sales
of refined products, natural gas
and chemicals reached new
highs. However, the company did
not realize the full benefit of the
stronger demand because of de
pressed prices, especially of au
tomotive gasoline and chemical
products, Spaght said.
Continued efforts to increase
the efficiency of operations and to
educe controllable costs also
contributed to the improved re
sults.
Surplus
Sale Set
The San Diego Defense Surplus
Sales Office today announced a
public auction of surplus mili
tary property to be held in Las
Vegas on March 13 and 14. "y
In all, 600 items, originally pur
chased at a cost of $5 million,
will be sold at the Dunes Hotel
Property up for sale will in
clude camping equipment, trucks.
generators, compressors, machine
tools, construction equipment,
engine and automotive spare
parts, and marine engines. The
majority of items have an Im
mediate private industry use.
1 he properly, located at 25 mil
itary installations in various
slates from California to Massa
chusetts, can be inspected begin
ning Feb. 20, 1963. Over 50 items
valued at 'i million dollars, are
located in tlie state ol Washington.
A spokesman for the Surplus
Sales Office, an element of the
(Defense Supply Agency, advised
that all of the items that will
go on the auction block have
been screened to obtain maxi
mum utilization of the material
within the government and with
in friendly foreign governments."
The screening is also designed
to assure a sound mobilization
base and to prevent concurrent
procurement and selling of the
same types of items.
An illustrated sales catalog is
being mailed to individuals who
have indicated an interest in pur
chasing military surplus prop
erty. Others can obtain a cata
log by writing to the Defense
Surplus Sales Office, Department
A, Sen Diego 32, Calif.
2 Accountants ;
Join CPA Group
Two CPAs of Klamath Falls
have been ' elected members of
the American Institute of Certified
Public Accountants.
Tlicy are Ralph M. Bcardslcy
and Jackie E. Stevens.
Beardsley and Stevens are with
the accounting firm of Hodolph,
Aimsky & Co.
Tlie prairie dog drinks no wa
ter, hut gets his moisture from
Ihe green plants he eats.
a Wards Special
Service for . . .
BUSINESS FIRMS
INSTITUTIONS
GOVT AGENCIES
WARDS OFFERS
EVERYTHING IT
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Words o'ont purchasing power
means Iowt prices at com
mtrcial discounts for all quali
fied purchasers. Choose from
thouionds of quality Items...
backed by nation-wide delivery
and service. Call Wards firstl
phono today
TU 4-3188
CONTRACT AND
COMMERCIAL SALES
DEPT.
Mem