Herald and news. (Klamath Falls, Or.) 1942-current, March 28, 1963, Image 3

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Herald and news., March 28, 1963, Page 3, Image 3

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Newspaper Page Textr Thursday, March M, 1963 PAGE 3 A BERALD M WS. Kt.nuth rn, Orrm MARKETS and FINANCE Stocks NEW YORK STOCKS By Inited Press International Aiuca uiemieal Alum Co Am American Air Lines American Can American Motors AT&T American Tobacco Anaconda Copper Armco American Standard Santa Fe Bendix Corp Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola C.B.S. Columbia Gas Continental Can Crown Zcllerbach Crucible Steel Curtis Wright Dow Chemical Du Pont Eastman Kodak i Firestone Ford General Electric 'J General Motors . General Portland Cemet J Georgia Pacific Greyhound ILGulf Oil Homcstake Idaho Power I.B.M. , Int Paper Johns Manville XKennecott Copper "Lockheed Aircraft Martin Merck Montana Power Montgomery Ward Nat'l Biscuit New York Central Northern Natural Gas northern Pacific 4:S'b Pac Gas Elcc 33 Penney J.C. XD 45'2 Pcnn RR 15 Perma Cement 14 Phillips 48 Proctor Gamble 74"8 Radio Corporation HO'i Richfield Oil 43- Safeway '48 ' Sears 77'.i Shell Oil 38 Socony Mobil Oil t 65i Southern Co. ' 54'i Southern Pacific 2934 Sperry Rand 13 Standard California 67 Standard Indiana 5f',2 Standard N.J. 03 Stokeley Van Camp l!)5s Sun Mines 9 Texas Co. 6tiVi Texas Gulf Sulfur 14 Texas Pacific Land Trust 21'i Thiokol 25 'i Trans America 48 Trans World Air 133i Tri-Continental 46" Union Carbide Union Pacific , 35 United Aircraft ' 47's United Air Lines 35 U.S. Plywood S2V U.S. Rubber 43'i U.S. Steel 4H'"4 WestBank Corp 35:'s Westinghouse 327s Youngstown 93 44'i 53 18s: 45't 19'i 12I1! 30 45 55 145 26' 51 SO1 36 s lB5s 36'k 91g 93 52'i 28 V, 43' g 51 19 21'i 59 241 114 33 45 74's 65 Is 23 49 36 42 49 33 420 30 46 724 51 20' j 82 38': 34 50 16 LOCAL SECURITIES Prices until 11:30 a.m. PST Bank of America Cal Pac Util Con Freight Cyprus Mines Equitable S & L 1st Nat'l Bank Jantzen Morrison Knutscn Mult Kennels N.W. Natural Gas Oregon Metallurgical PGE PP&L 1 U.S. Nat'l Bank ' United Util West Coast Tel Weyerhaeuser 61 26 13 27 35 64 23 30 4 34 1 27 26- 72'i 36 22 31 today 63 29 23 33 67 27 32 5 36 1 29 28 77 38 24 33 Grains CHIRAGO (L'PP Grain range: High Low Close Wheal May 2.06 2 04 2.06- Jul 1.89 1.89 1.89 ;Sep 1991 1.91 1.91- Dec 1.95 1.95 1.95- ,' Oats May .69 .69 .69 .Jul' .69 .69 .69- "Sep .69 .69 .69 Dec .72 .71 .72 ' Rye May 1.28 1.27 1.2a Jul 127 1.26 1.27 Sop 128 1.27 1.28- WALL STREET CHATTER NEW YORK (LTD - Investo graphs Stock Survey says it is "distinctly disappointed" that the market has not worked its way up and through 700 in the indus trial average. Yet, says editor Walt McKib ben, we continued to interpret this market as extremely healthy with relatively little risk of any bear movement of significant extent, and with good possibili ties of finding a significantly higher level. Indicator Digest says the brief, minor upswing since March 1 "is probably within a few points of topping out." It feels stocks will continue to move up and down in their trading range until they break below 659 in the senior average or above 688 with sharply higher volume showing up at the time of breakthrough. Alfred Robbins. a registered pharmacist associated with Stein- cr Rouse k Co., says the govern ment investigation of the drug companies has improved the in dustry's profit potential. He finds more money being plowed back into basic research and says the bewildering flow of new products has been checked, meaning the drugs that do reach pharmacists and physicians are now far more potent as profit-makers. WALL STREET NEW Y'ORK lUPD - Stocks inched ahead today. Gains were in a heavv maioritv but in most cases they were strict ly ot the small fractional vanctv. Not' one blue chip added more uian point. Motors and steels were firm, in ternational oils and chemicals mixed, rails and utilities steady. LIVESTOCK PORTLAND (UPI) (USDA) - Livestock: Cattle 25; no early test. Calves 25; no early test. Hogs 75: couple lots 1 and 2 barrows and cilts 185-209 lb 16: no other sales early. Sheep 50; no early test. Potatoes PORTLAND (UPI) - Potato market: Steady; Ore Russets U.S. No 2 3.0O-3.40: some best 3.85; sized 2 oz 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. Affiliated Fund Atomic Fund Blue Ridge Bullock Ctemical Fund XD Comw. Inv. Diver Growth Dreyfus E & H Stock ' Fidelity Capital Fidelity Trend Fin Inv Fund Founders Fund Fundamental Group Sec Com Gr Sec Avia El Hamilton H.D.A. Hamilton C-7 Incorp Inv. 1CA Investor's Group Intercontinental Mutual Stock Selective Variable Keystone B-l Keystone S-3 Kevstone S-4 M.I.T. M.I.T. Growth Nat'l Inv. Nat'l Sec Div Nat'l Sec Growth Nat'l Sec Stock Putnam Fund Putnam Growth Selected Amer Shareholders TV Fand United Accum Uited Canada United Continental United Income United Science Value Lines Wellinston Whitehall PST 7.82 4.58 11.37 12.82 10.61 9.65 R.22 16.21 13.36 7.9S 12.69 4.17 5.86 9.40 12.80 6.59 4.94 . 5.03 6.90 9.75 5.74 11.15 17.94 10.33 6.38 25.11 13.97 4.04 7.80 14.66 3.96 7.85 7.89 14.60 8.37 9.28 10.84 7.18 13.87 17.55 6.72 11.93 6.30 5.18 14.19 13.20 today 8.45 5.00 12.48 14.05 11.54 , 10.55 9.01 17.62 14.44 8.70 13.79 4.57 6.37 10.30 14.01 7.23 5.49 7.54 10.66 6.21 12.05 19.40 11.04 6.90 15.25 4.42 15.85 4.33 8.58 8.62 15.87 9.11 10.03 11.85 7.83 15.16 19.18 7.34 13.04 689 5.68 15.47 14 27 Highway Endorsed By Chamber (Continued from Page 1) Toronto, according to George Cal lison, manager of the chamber. If the eastern route is approved as the official Pan American Highway, the association will press for the designation of its proposed route as Pan American Highway West, according to in formation made available to Cal lison. He said further that the Oka nogan Cariboo Trail Association is the oldest highway organiza tion in existence in the United States, and perhaps predates sim ilar groups everywhere. Callison also commented on an other organization, but that one was commercial one that would seem to have a great economic effect on the area. The subject of his remarks was the Hoyden-Newport Chemical Company of New York which indicated that it would open a plant in the Bend-Klamath Falls area sometime before 1968 to ex tract elements from tree stumps to produce products such as resin and turpentine. The tree stumps would come from two million tons of pine stumps in the Winema, Deschutes and Fremont nation al forests for which the company bid $2.27 per ton at a bid open ing in Portland Monday. One of the requirements of the bid no lice was that the successful bid der open a plant in the Bend Klamath Falls area to separate the extracts from the stumps. Callison stated that the firm indicated its interest in the slump age in September, 1960, and had contacted the chamber about the matter several times since that date. He told of two visits repre sentatives of the company made to Klamath Falls to explore the possibility of opening a plant here. The first took place several years ago when members of the firm talked with Callison and returned to their plant with speci mens ot the stumps. On their next visit, they shipped a freight ear load of the material to be used in tests. In another report, Dick Green. chairman of the Upper Klamath Lake and Recreation Committee stated that the Oregon State Game Commission would conduct field trips to Summer Lake, Silver Lake and Ely April 6 through 8. w'th the intention of showing sportsmen "that deer are there Green said that deer hunters and other interested people are invited to join the tours but they must first contact the game com mission before doing so. The tours developed as the re sult of a near statewide protest from deer hunters last fall. The hunters argued that Ihe game com mission's policy of conducting doe and antlorless hunts had resulted in decimating deer herds in vari ous parts of the state. The outcry resulted in the state legis lature setting up an interim study committee to study management, practices and policies of the game commission. Jury Handed Ochiho Case The case of Zelma Joan Ochi ho. 41, accused of first degree marder in the slaying of Forence Baker Huitt, 26, March 19, was bound over to the grand jury after a preliminary hearing in district court Thursday at 3:30 p.m. Mrs. Ochiho is accused of slay ing Mrs. Huitt, her cousin, with a .308 caliber rifle at 616 Com mercial Street at about 7 p.m Present at the time of the shooting was Eddie Dailey, own er of the house, and Otis Wash ington. Dailey said he was in the kitchen at the time and heard the shot, but didn't see it fired. He said when he turned he saw Mrs. Ochiho with the rifle in her hand leaving the building. Washington said he was sitting on the davenport with Mrs. Bak er and saw Mrs. Ochiho enter the house, point the gun and fire i ' ur 1 RECOGNITION GIVEN Mrs. Virginia McGaughey, one of three finalists in Oregon for the Mrs. America title for 1963, center, and her daughter, Robbi, left, were pre sented with five-year pins in Girl Scout work, by Mrs. Harriett Brotherhood, execu tive director of Juniper Council Girl Scouts. Mrs. McGaughey has completed five years as a Girl Scout leader, Robbi has been a member for five years. Girl Scout work is only one of the many activities in which the Mrs. America candidate participates. House Cuts JFK Budget WASHINGTON (UPD - The House Appropriations Committee took its first swing today at Pres ident Kennedy's record budget, lopping off 9 per cent of his re quest for the Interior Department and Forest Service. Nevertheless, the economy drive on its Hrst test tell short of the target which some conservatives insist must be met before Con gress would be justified in yield ing to Kennedy's plea for a $10.3 billion tax cut. The first regular money bill, which the committee sent to the House floor for action next week, carried $935,690,000 for Interior and the Forest Service for the fiscal year starting July 1. This is $92,818,000 less than Kennedy asked. But the total is $37,508,200 more than Congress made available for Ihe same agencies last year. It topped by $9,678,200, or 1 per cent, total funds that will be available for the current fiscal year, if pending administration requests are approved. In wielding its economy ax, the committee: Disallowed a request for $2 million for restoration of Ford's Theater in Washington, where Ab raham Lincoln was shot. Refused to approve a penny of $2 million requested for pur chase of land for a new National Seashore Park at Cape Cod, Mass. Disallowed as unwarranted a request for $1,111,800 for a lodge building, cruise boat and other facilities at Glacier Bak, Alaska. Denied a request for $6,692,000 for construction of new research facilities at Brucelon, Pa., to house '283 Bureau of Mines em ployes who now work at a Pitts burgh laboratory. However, the committee voted to boost funds budgeted by Ken nedy for some other programs, in cluding construction of additional campaign and picnicking facilities in national parks. Civil Defense Operates During Wednesday Storm SALEM (UPI i - Oregon's Civ il, Defense Agency, caught off guard by the Columbus Day storm and threatened with dismember ment by the legislature, battled for its life during Wednesday's windstorm. Director Robert W. Sandstrom, four of his staff and three re serve radio operators were on duty lo trace the path of the storm and gather reports from the statewide CD radio network. At 10:40 p.m. Wednesday Sand strom issued a "well done" to 24 stations in 17 counties. He said three state networks were operating at state civil de fense headquarters. State police, forestry, motor vehicles, highway and National Guard units were in contact throughout the slorm. At the county and local level, professional and volunteer civil defense personnel were on duly. Coos County Busy In Coos County CD Director Ron Endicott alerted schools by tele- Funeral WHITT Funeral services lor Maybelle Rosema ry Whitt will be held Irom the chapel ol Ward's Klamath Funeral Home Fri day, March 29, at 10 a.m. Concluding services, Keno Cemetery. COURT Edward W. Court, 68. died- In Lake view. March 27. He Is survived by Ihe widow, Irene. Funeral services will be at 2 p.m, Salurday at the Ousley-Oster-man Chapel In Lakevlew. Interment, Sun set Park. BAY Funeral services lor Lewis Emery Bay will be held Friday, March 29. 2 p m. in O'Halr's Memorial Chapel. Interment, Malin Cemetery. JONES Graveside services lor Roy Jones wil be held Friday, March 29, 10 30 a.m. al Hill Cemelery. O'Heir's Memorial Chap el in charge. THOMPSON Funeral services lor Margaret leather ine Thompson will be held in Calvary Temple Salurday, March 30, 2 p m. In terment, Klamath Memorial Park. O'Hair's Memorial Chapel in charge Ailing Hero Said Better NASHVILLE, Tenn. (UPI) . World War I hero Sgt. Alvin C. York, ailing with chest pains, was listed in "very good condi tion" today in SI. Thomas Hos pital. Dr. Jack Withcrspoon said York 75, is suffering a contusion of the chest and "traumatic pleurisy" probably incurred when York rolled off his bed at home last week. York's wife accompanied him Wednesday in an ambulance from his home in Pall Mall, Tenn., near the Kentucky border, to the hospital. Withcrspoon said York's condi tion is much belter than it was last summer when he was hospit alized for continued internal bleeding. Mrs. York said, "He don't want anybody to say he (ell out of bed. He says he just rolled out of bed." She said chest pains began for York shortly after the fall. York won the Congressional Medal of Honor for leading a sui- ide mission that killed 25 Ger man machine gunners and cap tured 132 others including the enemy battalion commander, dur ing the Allies final push ip Oc tober, 1918. He was offered an estimated $500,000 for lectures, books, prod uct endorsements, or movies. His answer was always, "This uni form ain't lor sale." Record Use Of Power Shown In PPL's Report phone and children were sent home as soon ;s he was niven weather reports Irom Medford at 2:30 p.m. Through the xilice radio in Myrtle Point, Endicott relayed the warning to each city in the coun ty, and notified two commercial radio stations. Endicott reported damage and weather conditions to the state agency during the evening. In Lincoln County, CD Director Ruel Saxton got a storm warn ing from the sheriff's office at 1 p.m. Sexton notified city and coun ty government agencies, alerted local radio stations, and then moved into the courthouse com munications center with auxiliary power for the next seven hours. Sandstrom said the entire oper ation "improved since the jolt of the Columbus Day storm and ra dio operations were far more ef ficient this time. The agency has been under heavy fire from legislators. Earlier this week a Ways and Means subcommittee voted lo re ject Ihe governor's plan (or n 20- man agency,- and authorized three-man staff. PORTLAND Record high use of electricity by customers of Pacific Power & Light Company and completion of major power transmission interconnections for delivery of new power supplies to its service areas marked prog ress of the company during 12, stockholders wore told Thursday. In the year's annual report to shareholders, Paul B. M.Kee, chairman of the Board of Direc tors, said PP&L's 396.466 elec tric customers used 7,371.407,000 kilowatt-hours of electricity, a gain of 5.4 pea' cent over power use in the year previous. The record use also pushed the one-day peak load on the sys tem to a new high of 1,684.000 kilowatLs, more than 100,000 kilo watts above the peak of the pre vious winter. Residential consumers used an average of 9.111 kilowatt-hours, a gain of 325 KWH over 1961, and a total that is more than double the national average household use. In most Oregon and Washington districts the av erage use exceeds 10.000 kilowatt-hours annually, the company noted. Supplying electric and the other utility services to 240 western communities and neighboring ag ricultural areas resulted in total operating revenues of $100,158,- 000, an increase of 6.1 per cent. The earnings of the company, lifter provisions for the preferred share dividends, amounted lo $18,- 296,000 compared with $15,530,000 in 1961. i The earnings were equivalent to $1.28 per share on the 14.276,- 325 shares ot common outsland ing at the end of the year com pared with $1.15 per share or the 13.445.978 shares outstanding at the end of 1961, Four quarterly dividends of 24 cents a common share were declared. Completed during 1962 for the transmission network w e r e a 230,000-volt capacity interconnec tion near Walla Walla, Wash., and similar capacity lines between Medford and Roseburg and Rose- burg and Albany, Ore., and in central Wyoming. PP&L started service to U.S. Steel's big iron ore mining and milling operation. one ot the largest new industries in the West. It also finished hydroelectric plant of 18.000 kilowatt capacity on me Mamath River and started work on a 200,000-kilowatt steam- electric addition to its big gener ating plant serving Wyoming. 1 no new unit will double the size of the plant, which is lo cated near the company's Glen rock coal field. Pair Taken In Car Case Oregon Stale Police reported Thursday that two men they ar rested in connection with the theft of a car from Eugene were taken back to Eugene by authorities from that city. State police also indicated they are continuing investigation of a theft of farm tools from the Wil liam Rajnus Ranch near Malin. The theft of wrenches, drills, a radio and an electric welder was reported March 21. Police are looking for two men who they suspect were involved in the case. Benjamin T. Dorsey, 21, Seat lie, and a 14-year-old youth from Portland, were arrested by state police March 24 while they were operating a stolen car on U.S. 97 north of Klamath Falls. The automobile the suspects were driving was stolen from Eu gene earlier this month. LOSKS BATTLE WOODHR1DGE, N.J. (UPP- Frnnk Palischak, 25, of Ply mouth, Pa., lost a battle with a 4,-mile an hour wind Tuesday night while driving his tiny for eign car on U.S. 1. Police said the wind lifted the car off the road and turned it upside down. It skidded 20 yard Cars Damaged In Accident Two cars received moderate damage in an accident reported to city police at about 3:45 p.m. Tuesday. Larry Allen Ross, 17, 40150 Shas ta Way, driver of one of the cars, was cited for having defective brakes. The car Ross was driving struck the back end of a vehicle operat ed by Andrew II. Sullivan, 60, Durno Talk Hits U.S. Controls (Continued from Page 1) their obligations in repayment of debts to the U.S. and relieve the unbearable financial burden on this country. The Foreign Aid program should be cut in hal at tlie earliest possible moment and eventually eliminated, the speak er told his audience. "You can not buy friends with Yankee dol-ars." The Peace Corps, he said ex ports Americanism, not dollars, and should be supported under a high selectivity and kept free of politics. He referred to the block of 90 Southern Democrats who hold the real balance of pow er in the Con gress and said that the chairmen of the 15 strong committees in the government run the Congress. The people of the United States must act (or the safety of the U.S. He urced that as reDresenta- . lives of a minority party, Repuh- ' licans should work as they never have before to replace the politi cal machine in Washington. He proposed that letters be sent to the chairman of the commit tees, demanding action. The vot ers should not underestimate the value of communications. "Drill away and it will make an impres sion. He urged too, the evaluation of congressional representatives, "not by what he says or does but by how he votes. The mem bers of this club should have a voting record of every man and woman sent to Washington by your votes." Durno suggested the employ ment of a fulltime, paid individ ual in Oregon who would tell the people of this state what is go, ing on in the nation's capitol. "The GOP must escape from the concept that the Republicans represent the upper crust of America. We are the party that wants what is best for America. Your generation and mine is leaving a legacy of 320 billions of dollars debt which adds up to insolvency and bankruptcy. The young people of America must organize. Knowledge is the only way to save, this country. USE RELAY NEW YORK (UPD-The three major U.S. television networks 1635 Division Street, alter Sulli- utilized the Relay communications van turned onto Shasta Way from satellite Monday night (or the first on its roof, hut Palischak re- South Sixth Street, according to time to broadcast news reports ceived only minor injuries. I Milice reports. Idirect from Europe. Oregon California DAILY KLAMATH BASIN SHIPMENTS Rail Truck Combined Rail & Track Ttl 8 20 28 8 8 16 F O B. GROWER PRICES Klamath Basin Demand (air to good Market for bakers firm others slightly weaker 100 lb sacks Russets IS No. 1A 2" or 4 nz. min. 2.50-2.60 6 in 14 oz. - 2.90-3.25 oee 3.V) Bakers 12 oz. min. 3.23-3.50 Baled 10 lb- 2 M-2.70 mostly 2.5O-2.60 I S Nn. 2 - 1.80-1.90 Net price to growers at cellar bulk cwt: IS Nn. 1A I.60.I.8O some best 2.00 mostly 1.70-1.75 VS Nn. 2 JMM.On mostly .90-.95 COMBINED RAIL k TRUCK UNLOADS Orrsnn 40 Total All Other States Ml One Werk Ago Orfgnn M Total All Other States $21 Senate Slates Dunes Hearing WASHINGTON (UPI) - The Senate Interior Committee will hold hearings May 8 on legisla tion to establish the Oregon Dunes National Seashore. Sen. Maurine B. Neuberger, D-Ore., announced Wednesday. Advf rtiirmrnt My false teeth were killing me... I tried all thp patiM and powder i and pad Same old irouble! Rocking and lipping made my mnufh tore and made me irritable. Then I -poke to my dentist ... be mid me about ( L'SHION, ihe wf ( -flowing plastic that moldt to ihe gums. Now I eat hat I want enjoy what I est and my gunu feel o good. Cl'SMKtN ay wift . . . thai'i lit secret . . , and that my relief. Mildly medicated to heal gum orene; pleaunt mmiv flavor guard! our breath. Ask Your druggut for tt'SHION. You must be unified or you gel your money back, long-luting lupply only i J 1. 49, L Orth Sisemore announces ' the removal of his law offices to The First Federal Savings and Loan Bldg. 538 Main Klamath Falls, Oregon April I, 1963 imagine a Buick for only 2338? IT'S TRUE! Buick sulos records arc toppling all across llic U.S.A. and we're celebrating. During "Record Setting Days" just see your nearby Buick dealer and stake your claim. See the trim new, jaunty new Buick Special , . , middleweight champion of the world . . . for only $2338,73. And see what's included in the happy surprise low price: America's only V-6 engine for big car action with small sips of regular gas. Silk smooth transmission response. Plenty of no-cost extra features. Plus famous Buick comfort and luxury and room (Special is liappy medium-sizel). See your Buick dealer and go first class. Make your record deal now on ISuick Special ... or Buick LcSabre. Wildcat. Skylark. Electra 223. or Riviera. All terrific buys during Buick ' Record Selling Days"! nnwilQf exclave rm dynaqroove lp. loalures 10 world-famous artists and orchestras. Fabulous new listening . . . Ihe greatest sound smre rerords T v benanlJust $1 with special order form l Ruirlt rinaloi-c t Mnot Ri nrU Haalara have album on hand.) , flitM mi MiftnfKtiirw'1 SwtfMlwt tHtrf fir fm two-Www 1MrH iwftn wHt wt l nrttwtp nm rtwMM rfc fw r V Inn Tt i viikn iitrT in murium wtrt. iriniporujiMM twfn, tni lottf um. UHunn, ml otn ftil wmm Mdiimui. record setting days at JBuick dealers ! ! !