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

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    r
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?
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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
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have album on hand.)
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record setting days
at JBuick dealers ! ! !