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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 20, 1963)
PAGE 4 A RKRALD AND NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS By I'diltd Press International Allied Chemical 44'3 Alum Co Am 52'i American Air Lines 19 American Can 4S?i American Motors 2Hi AT&T Wfi American Tobacco 31si Anaconda Copper 45' Armco 53 American Standard 14 Bendix Corp 51 H Bethlehem Steel Boeing Air 363a Brunswick 16H Caterpillar Corp 35'.3 Chrysler Corp 41 Coca Cola 93?i CBS. il't Columbia Gas 2M Continental Can 44' Crown Zcllerbach 50 Crucible Steel 19 Curtis Wright 21 U Dow Chemical 58 Du Pont Eastman Kodak Firestone 247a Ford General Electric 73 General Foods 78i General Motors 3li General Portland Cement 18 Georgia Pacific 45' Greyhound 35' Gulf Oil 42 Homcstake '' Idaho Power 33'.s I.B.M. 414 lnt Paper 28 Johns Manville ' Kennecott Copper 7H Lockheed Aircraft 52U Martin 2' Merck 82' Montana Power W Montgomery Ward 33 Nat'l Biscuit 4 New York Central MWi Northern Natural Gas 49', Northern Pacific 43 Pac Gas Eiec 32', Penney J. C. 46 Penn RK 15,k Perma Cement Is Phillips Procter Gamble 72V Radio Corporation 80 Richfield Oil - W Safeway , 48' Sears lm Shell Oil " Socony Mobil Oil ' M's Southern Co. 55 Southern Pacific 29' Spcrry Rand 13V Standard California Standard Indiana 53,4 Standard N.J. M,i Stokcly Van Camp 19 Sun Mines 9'' Texas Co. B5'fc Texas Gulf Sulfur 4' Texas Pacific Land Trust 21' Thiokol M' Trans America Trans World Air 13' Tri-Conlinenlal Union Carbide MB'i Union Pacific 34 United Aircraft United Air Lines 33'i U.S. Plywood (xdi 52Mi U.S. Rubber U.S. Steel 45 West Bank Corp 34 Westinghouse 33s Youngstown LOCAL SECURITIES Prices until 1 1 : 30 a.m. I'ST today Rlit Asked Bank of America Cat Pac Util 60 26 13 2I' 33 64' 25 29 4' 34 63' 2!) 14 Con Freight Cyprus Mines Equitable S & L 1st Nat l Bank Janlzen Morrison Knudten Mult Kennels N.W. Natural Gas 22 36 68 27 31' 4: 31V Oregon Metallurgical l'i l'a 28' 2!) 77'j 38' 23 30 PUL xdt 26 PGE U.S. Nat l Bank United Util West Coast Td Weyerhaeuser 27 74 36' 21 Land Purchased SALEM Urn-Tlie legislature Monday approved Ihe release of $76,000 for purchase of property in southwest Portland for expan sion of Portland State College. The college has no immediate plans for use ol the land, but wants to buy it before other plans are made to build 011 it. DAILY KLAMATI! BASLN SHIPMENTS Rail Truck Combined Rail ft Track Til On-con 14 21 .id CalUornia (7 16 F.O.B. ft GROWER PRICES Klamath Rli Demand moderate Market steady 100 lb tacks Russet IS No. 1A t" or 4 ot. mln. S.&0-2.T0 6 lo 14 01. 2.9A-3.J5 onif brsl J.M1 Bakers 12 01. mln. 3.3.1-3. Ml Baled 10 lb. tacks I.M-2.70 I S No. I 1.90-2.00 NX price lo growers at cellar bulk cwt: 18 No. 1A 1.70-1. 0 lew best 1.00 I S No. 2 .90-1.00 COMBINED RAIL ft TRUCK VM.0ADS Oregon 34 Total All Oilier Stales - 714 One Week Ago Oregon 44 Total All Other Stairs - 614 Wednesday. March 30. 19M Klamath Falls. Ore. WALL STREET NEW YORK 'UPI' - Stocks pulled out of a two-day .slump to day, responding mainly to a brightening business news picture. The gains were limited, how ever, and trading the quietest in days. Blue chips fared better than tlie general list with Woolworth, Du Pont, Eastman Kodak, Chrys ler and Anaconda ail up nearly a point or better. Rails were the only laggards in the Dow Jones averages. Indus trials were up 2.13 at the end of the first hour. The improved news backdrop Deluded: Forecasts of a strong spring advance m housing starts" and the sharpest increase in man ufacturcrs' payrolls in about a year. Technicians who watch the po sition of short sales as a possible indicator for the future believed the total, to be reported after the close today, wiU be close to the record high set Feb. 15 a very bullish indication. LIVESTOCK PORTLAND UPD (L'SDAi - Livestock: Cattle 150; standard - low good heifers 21; few standard 17 - 20 cutter utility Holstein cows 14- 15.75; feeder steers 21-22. Calves 25; high good - choice vealcrs steady at 33: medium-low good feeder steers 25. Hogs 150: lew small lots 1-2 barrows and gilts 16-16.25; few 2 and 3 grade 15-15.25. Sheep 25; good choice 89 lb shorn slaughter lambs 17.50. Grains CHICAGO (UPI)-Grain rango: High Low Close Mar 2.05 2.0m 2.03'i-2.05 May 2.02 2.0U' 2.02'i- Jul 1.119'i 1.87 1.88'i- Sep 1.91 1.89'i 1.90'-i- Dec 1.95',i 1.93'n 1.94'j-Vi Oats Mar .73U .71 .72.71 May .70 .70 .70'i- Jul .69 .68 .69 Sep .68 .68 .63 Dec .70 .70 .70 Rye Mar 1.32 1.27 1.27',i-1.31 May 1.29 1.27 1.28-1.29 Jul 1.27- 1.26 1.26- Sep ,1-28 1.27 1.28 Dec 1.30'A 1.29 1.29' Potatoes MARKET: Steady; Ore Russets U.S. No 2 3.00-3.40; some best 3.85; sized 2 01 spread 4.50-4.75, few low as 4.00; bakers 3.50-4. 10; 6-14 oz 3.60- 3.85; bakers U.S. No 2 2.75-2.85; 50 lb sks No 2 2.50-2.65. Stocks MUTUAL FUNDS Prices until 10 a.m. PST lodiy Did Asked Affiliated Fund 7.76 8.39 Atonic Fund 4.50 4.91 Blue Ridge 11.21 12 25 Bullock 12.55 13.75 Chemical Fund 10.49 11.40 Diver Growth 8.04 8.81 Dreyfus 15.81 17. 18' E & II Stock 13.11 14.17 Fidelity Capital 7.84 8.52 Fidelity Trend 12.33 13.40 Fin Inv Fund 4.03 4.47 Founders Fund 5.73 6.23 Fundamental 0.22 10. in Group Sec Com 12.55 13.74 Gr Sec Avia El 6.43 7.05 Hamilton ll.D.A. 4 82 Hamilton C-7 4.93 5.39 Incorp Inv. 6.74 7.37 ICA 9.58 10.47 Investor's Group Intercontinental 5.72 6.18 Mutual 11.06 11.96 Slock 17.73 19.16 Selective 10.32 11.04 Variable 6 29 6 80 Keystone R l 2.V11 2S.21 Keystone S-3 13.36 14.80 Keystone S-4 3.93 4.32 M.l.T. 13.119 15.18 M I T. Growth 7.60 8.31 Nat'l Inv. 14 36 15.52 Nat l Sec Div 3 90 4.26 Nat'l Sec Growth 7.66 8.37 Nat'l Sec Stock 7.78 8.50 Putnam Fund 14 46 15 Putnam Growth 821 8 92 Selected Amer 909 9 83 Shareholders 10 69 11.68 United Accum 13.63 14 90 United Canada 17.45 18 97 United Continental 6 63 7.25 United Income 11.77 12 86 United Science 6.21 6.79 Value Lines 5.14 5 62 Wellington 1401 13.27 Whitehall 13.10 14.16 0) GLADYS LANGSLET Langslet Memorial Rites Set A memorial service for Mrs. Gladys Langslet, who died March 18, will be held Friday. March 22, at 2 p.m. in the First Presbytcri an Church, with Rev. Robert C Groves officiating. Interment and graveside service.! will be in Eu gene. Ward's Klamath Funeral Home is in charge of arrange ments. Mrs. Iangslcl. wife of Postmas ter Chester L. Langslet, died un expectedly Monday morning in Apple Valley, Calif., where the body was cremated. The couple had left Saturday for a vacation trip in Southern California. Born Oct. 16, 1908, in Eugene she was married to Chester Lang slet on June 6, 1934, in Klamath Falls. She was a long-time mem ber of the leaching profession here and was currently teaching the third grade at F a I r v i e w School. Active in many civic and fra ternal organizations, Mrs. Lang slet was a member of the Order of Eastern Star, Daughters of the Nile, Oregon Education Associ ation, and Alpha Chapter of Del ta Kappa Gamma, women teach ers honorary. Survivors include her husband, Chester, Klamath Falls; two daughters. Jana Langslet of Men- lo Park, Calif., and Mrs. Sundra 1 Ray I McBridc. Klamath Falls; and a brother, Harold Rice, Eu gene. The family requests that contri butions be made to the Inter community Hospital memorial fund. Weather Roundup Ry United Press International Temperatures during the 24 hours ending at 4 a.m. PST today High Low Precip. Astoria Baker 54 48 .11 54 29 - 56 51 6.1 33 55 44 T 57 45 58 39 T 58 47 .02 63 34 61 43 58 40 58 30 .11 71) W 46 35 . 48 H3 49 45 37 .86 Brookings Medford Newport North Bend Pendleton Portland Redmond Salem The Dalles Chicago Los Angeles New York San Francisc Washington The five-day weather outlook through Monday: Western Oregon; Temperatures below normal; highs 50-58, lows 34-42; precipitation heavier than normal; infrequent showers. Eastern Oregon: Temperatures near normal; highs mostly 50-60, lows 20-38: scattered showers with precipitation heavier than normal in a few places. The Dalles and Hood River: Few showers tonight and Thurs day; temperature range 35 - 55: gorge winds east 5-15. Bend: Partly cloudy; highs S3 58, lows 32-37. Baker and l.a Grande: Partly cloudy; highs 50-56, lows .35-40. Ski Reports Ml. Bachelor: Temp. 30 do greet, high overcast, calm; trace new snow, 87 inch total; surface variable but mostly packed pow dcr; skiing good; all facilities operating; last six miles of road contains spots of ice. Tiniberlinc: Roads clear to tlie lodge; total snow 70 inclios; pow dcr on packed base; temp. 28 at 7 a.m.; Magic Mile, Double Chair ami Betsy Tow operating. Flu Reported At Mt. Angel SALEM il'Pl'-A mild lpe of Asian flu was reported heavily prevalent today at Ml. Angel and Silverton. Dr. illard Stone, Marion Coun ty health olficer, said about one- lourlli of the 4.M) pupils at the Ml Anuel trade school were rcmiitcd ahsonl. A similar raleol absentee - ism was reported at the Silverton school Dr. Stone said the disease had been on the increase during the past two weeks. Obituaries WAHL vivM fv ton. Jo VM, tntr. fcdA A Sw"M'Q t O Klmth Mil u ofi ttryctt will p nnovnuttf bv 'Self-Interest' Probed In TFX Contract Award WASHINGTON UPI - A Re publican member said today that a Senate investigating group is making an inquiry into possible self-interest" of civilian Penta gon officials in the controversial award of the TFX fighter plane contract. Sen. Karl Mundt. R S. D., said one of those being checked is Deputv Dclcn! Secretary Ros- well Gilpatric. Gilpatric told UPI meanwhile that before taking his job at the Pentagon lie severed all connec tions with a New York law firm, Cravath. Swaine and Moore. Tlie defense official made the statement when asked about a copyrighted story by Charles Bart- lett, a Washington correspondent for the Chicago Sun-Times, say ing that the Senate permanent in vesications subcommittee is looking into the relationship be tween Gilpatric and the law firm and General Dynamics. Backs Gilpatric Defense Secretary Robert S. McNamara later Issued a state ment voicing his "full confi dence" in Gilpatric. The score tary said tlie decision on the TFX contract "was mine and I assume full responsibility for it." He said Gilpatric's "integrity and de votion to public service are un assailable." Mundt said the subcommittee is "checking on personal self-inter est" of all civilian personnel in Pentagon involved in award of the multi-billion dollar contract to General Dynamics. Asked if Gilpatric was one ol those being checked, Mundt said: Two Circuit Courts Busy With Cases One criminal case was ncar- ing conclusion and another got underway in each of Klamath County's two circuit courts early Wednesday. In Judge Vandenberg s court. the state was expected to rest its' case against Mclvin Leon Barkley, 42, charged with assault with a dangerous weapon, some time this afternoon. The trial opened with the impaneling of a jury last Monday and is expect ed to go to the jury later today or tomorrow. Meanwhile, in tlie court of Judge Lylc Wolff, relieving Judge Donald A. W. Piper w ho is on va cation, attorneys (or the state and defense began selecting a jury for the trial of Martin Lloyd Strachan, 23. charged with tlie assault and battery of Francis Hutchinson at tlie victim's Bcatty cabin, last Jan. 21. Strachan was implicated in the beating with four others, who will (ace trial on the charge at various times during April and May. In testimony during the Bark ley trial early today, Virginia Robbennoll, a Chiloquin school girl, told the jury that she was looking from a window of her home late Nov. 13, when she ob served a man slump to the side walk in front of the Rod Barkley house in Chilonuin. Mclvin and Bud are brothers. Melvin Barkley is accused 0! the shootinc of his nephew James Thomas. 19. in front of his brother's home, Nov. 13. Thomas was wounded in tlie hip and alxlomen with bullets fired from a .23 caliber automat ic and was removed to tlie Klam ath Valley Hospital, where he lat er recovered. Miss Robbonnolt testified furth er that the area where the shoot- inc occurred was well lighted, but obstructed and she was unable to identify him. Other witnesses wlio have lesti. 1 ficd during the trial include, ; Thomas. Max Smith, Uuloquin , police chief; Dr. Raymond Tue: ; Robert Ray, I.yte cus, uieu Kircher. ail of Chiloquin, and Robert W. Pinnick. Oregon State police officer assigned lo the Portland Crime Uib. Blast Destroys Erring Rocket CAPE VANAVKRAl. VIM ' -The U.S. Navv launched its ad vanced model Polaris "A-3" mis sile in a surprise firing today, but the rocket wandered off course and had to be blown up It was the second failure al this testing center in less than 1.1 hours. Monday night, a minute- man instant Mill also swerveo olf its planned path and. like to day s Polaris, was dclibeiatcly dc .lioved. Both mishaps were witnessed bv 'fomc 600 of the nation's top sci 'enlists and technicians, altcnding a three-day sace flifht testing I coiilnenoe at nearby ti. Fla Cocoa People Read SPOT ADS yew art now. "I am sure Gilpatric is one of them. Certainly we want to get the background of all persons in volved" in the contract. Some Favored Boeing The TFX contract was awarded to General Dynamics although some top uniformed military offi cials favored giving it to the Boe ing Aircraft Co. McNamara said the choice of General Dynamics to build the plane, which would be used both by the Air Force and Navy, would mean big sav ings for the taxpayers. Gilpatric said in his statement that the New York law firm has "nothing to do with any military procurement activities" of Gener al Dynamics or any of that firm's divisions. He said the firm advis es General Dynamics and other companies on "corporate (man cial matters." Gilpatric said he told the Sen ate Armed Services Committee before taking the office he would retire from the law firm "and I will have no financial or other in terests in it, except that I will be paid sums of money that will rep resent my interest in work that was done before I left the firm Check Guilt Plea Entered India Hooper, 36.- Ashland, en tered a plea of guilty to issuing worthless bank check in one of two entries of plea received by Judge Lylc Wolff in Klamath County Circuit Court Tuesday Judge Wollf, Baker County, isi serving on the local circuit court bench for Judge Donald A. W. Piper, who is on vacation. The Ashland woman had been n police custody for writing a fictitious check to the Low Cost Market. Judge Wolff sentenced the wom-i an to two years' probation and then received a plea of not guiltyl from Robert Huitt, Agency, on a charge of assault with a danger-! ous weapon. Huitt is accused of wounding Howard Wise in a shooting at the defendant's residence in Agen-i cy early this month. The judge disclosed that he would hear the1 case on his next assignment to the local circuit court bench, sometime during the first two weeks in April. Man Arraigned On Contributing James Lenninger, 43, indicted by tlie grand jury on a charge of contributing to tlie delinquency of a minor, was arraigned by Judge Lyle Wolff in circuit court Tues day and will return to the court 9 a.m. Thursday, March 21, to enter a plea. Lenninger was named on one of eight secret indictments returned by the grand jury to Circuit Court Judge David R. Vandenberg last week. Choir Concert Date Corrected The concert of the Multnomah School of the Bible Ambassador I Choir will be held Thursday March 28. Tlie date was previ ously incorrectly announced a Thursday. March 21. Tlie Portland group will present the program of sacred and classical music at the Bible Raptist Church at 7:30 p.m. Vhy'Good-Time" Charlie Suffers Uneasy Bladder Vmiv ltlinkin, m he . ,OUKt 0( mild, but mnm Nmiiirr - liniwns - nwkiin il sile. m,ts, nifhlv ,lh mttm$ tiadwht. hc-mUchr or rmist-nl.ii avhes and pains X iivn 1 wan-try I Van 1'illv IViiV Pills i mi tor fcpccUv -1hv lAt a wining cttfU i.n hl itMcr unlatiom - A tM PAIR' irlitvini niton on tunging havAnhr, itweu1.uhe, muxuUt .uric and ruinv 1 A worulf rtull mtM tlmifiK action thru irw kninftv tending to imifii lh output ol Ihe milci of k.hlne luhev So, fft ihe vime h.tppv relief millions hae enjoed for over 60 hot conve n .f. 1 1 jti 1 ii 1 r tenet. tk for ihe Urge n ' f . del DoaniPilb uhU)! CRASH SCENE Air Force crash investigators look into a hole near Kennewiek, Wash., at the remains of an F-106 jet fighter plane from Geiger Air Force Base that crashed into a wheat field. The pilot, Capt. Wm. F. Tesmer, radioed from about 17,000 feet that he had lost control and was ejecting, but he never left the plane. UPI Telephoto Shooting Of Florence Huitt Described For City Police 'I was sitting on the daven port with Florence when Zelma walked in the door, pointed the ifle at her, and fired." This was a statement given to city police by Otis Washington, 616 Commercial Street, as he de scribed the shooting that took place at that address at 7:05 p.m. Tuesday in which Florence Baker Huitt, 26, was mortally wounded by a .308 caliber rifle bullet that Washington said was fired by Zel ma Joan Ochiho, 41, 336 Broad Street. The victim died at 7:50 a.m. Wednesday in Klamath Valley Hospital from the bullet wound which she suffered in her left thigh. Exclusive Service Law Praised By Utilities SALEM (UPlt - The 1961 ex- elusive service district law for utilities, threatened with repeal, was praised down the line Tues day night by power, telephone and gas utilities. Even cooperatives that opposed the idea in 1961 said it would be a mistake to repeal the law now, The law allowed utilities to di vide up territory so that each would serve an area exclusively. The agreements then would be ratified by the Public Utility Com missioner. A number of agreements have been made under the 1961 law. Before the House Committee on Commerce and Utilities, however, is a bill to repeal the 1961 law. The sponsor, Rep. Richard Ey mann, D-Marcola. said the 1961 law was eliminating competition needed to keep rates down in the power industry. The utilities disagreed. The arguments had the same ring as 1961. The utilities said the law was helping to eliminate un necessary and costly duplication, MATURES fOR LIVING THAT ADD VP TO PLEASANT RETIREMENT m i- rl ifi At Capital Manor almost anything you like to do is youri for the doing. City buses lake you to the Salem city center, only 27 blocks away. Portland i fifty freeway miles to the north, the Pacific Ocean just one hour westward. In two hours you drive to the fishing streams and lakes of the Cascade Mountains. To the south are nearby Corvallis and Eugene, with Oregon's two universities and their many and varied athletic and cultural activities. A fine public golf course is only three miles away; two beautiful private courses are within seven miles. Capital Manor provides a library, view lounges, sun decks, hobby and woodworking shops, art and sewing rooms, bowling-on-the green, and many other facilities. Yes, al Capital Manor your life will lie as interesting as you want it to be, and your retirement is not a separation from the interests of life-only a lastinf and welcome vaca tion from its vexing problems. CAPITAL MANOR 1953 DALLAS HIGHWAY P. O. BOX 2081, SALEM, ORE. TELEPHONE (AREA CODE 503) 363-1933 Miss Ochiho was charged with murder in the first degree this morning. The shooting was reported to police by Eddie Dailey, 616 Com mercial, Tuesday night. When patrolmen arrived at the scene the victim was lying half slumped on the davenport and conscious. She told police she was reading a paper on the davenport when all at once her leg went numb. When asked if she knew who fired the shot, she told police "no." In a statement made to police, Dailey said he was in the kitchen frying pork chops when he heard a knock on the door. He said he yelled "come in." and the next and had worked well so far. Public Utility Commissioner Jo nel Hill said the law had been a success and some duplication and overlapping already had been eliminated. Committee members Beulah Hand, D - Milwaukie, and Elmer McClure, D - Milwaukie, pressed Ihe witnesses as to whether rates had dropped as a result of the law. The utilities conceded rates had not gone down, but said elimin ating duplication would help keep rates lower in the future. Edward Smith of the Interna tional Brotherhood of Electrical Workers said getting rid of over lapping systems increased the safety (actor for workmen. Most of the utilities also opposed a companion bill to remove cities from the 1961 law. Due to its exceptional ductil ity, one pound of nickel can he stretched into a fine wire 80 miles long. Your Life wi be Interesting when you retire at- thing he heard was the shot Dailey told police he turned around and saw Miss Ochiho turn ing to walk out the door. He said he ran after her and grabbed tlie rifle out of her hands. Miss Ochiho was not at the scene when police arrived. She was arrested at 10:25 the same evening and lodged in the city jail. The suspect wouldn't make any statements to the police at that time. According to the police she hasn't,.volunteered any' informa tion regarding the shooting. Police said they had informa tion that a young Indian girl had been driving Miss Ochiho, around town last night, but said they haven't located her as of this morning. Police found one spent .308 cartridge outside the house un der the steps at 616 Commercial during their investigation of the shooting. The .308 Savage rifle that Dailey said he took from the suspect had the serial num ber, 1042506. Miss Ochiho was on trial for first degree murder of Bruce Mil ler recently and was acquitted by the jury. Miss Huitt was taken to Klam ath Valley Hospital immediately after the shooting. OVERSTOCKED 'ALE Brand New 1963 2&M7M TV 19-inch Portable Now Only Finest performance Full power transformer 18,500 volts of picture power All Other Sets Reduced if td) $100 No Money Down, J. W. 734 So. 6th Youths Safe After Night Boat Mishap Two youths w ho became strand ed on Klamath Lake Monday night when the outboard motor failed on the boat in which they were travelling are at home safe to day, the Sheriff's Office has re ported. The boys are Don Christy. 19, 3223 Laverne Avenue, and Hero Amos, 18, 2219 White Avenue; both are seniors at Klamath In ion High School. According to information from Sheriff Murray "Red" Britton, the youths left the Pelican Marina for Buck Island in a 14-foot boat, propelled by a 40 horsepower mo tor, about 2 p.m.. Monday. The outboard engine failed when .the youths were in the vicinity of the island and they began pad dling the boat back to shore. About 10:30 that evening, the Sheriff's Office received a report that the boys had not returned home from their boating trip, and Sheriff Britton, assisted by depu ties, then departed for the lake with the county patrol boat to conduct a search for the youths. Meanwhile, the boys had land ed the craft at Sunset Beach and continued to the North Entrance Motel, where they called their parents by telephone. The sheriff was launching the county patrol boat when he was notified by ra dio that the youths were safe. The boat and motor belong to Amos, the sheriff said. Highway Travel Up In Oregon Oregon street and highway trav el increased more than 500 mil lion miles last year over the pre vious year. Mileage, based on sales of gas oline gallonage reported to the Department of Motor Vehicles, was estimated at 8.953,000,000. At the same time, the depart ment said the state's mileage death rate the number of persons killed in each. 100 million miles driven was 5.4 for the year, as compared with 5.8 in 1961. The still tentative 1962 death toll now stands at 484. The national mileage death rate for 1962 was 5.3. 3 -stage IF amplification Handcrafted Chassis TRADE Allowance on ony 23" TV Set in Stock! TRADE Allowance on any col or TV Set in stock! No Payment Till Moy KERNS Ph. TU 4-4197 Ml 0995
