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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 29, 1963)
PAGE 4 HERALD AND NEWS, TrUUy, Marrb 29, 1963 Kuunatk Falli, Orrf M MARKETS and FINANCE Stocks - NEW YORK STOCKS r By l ulled Pre&s International Allied Chemical Alum Co Am " American Air Lines American Can American Motors AT&T ' American Tobacco Anaconda Copper Armco American Standard , Bendix Corp Bethlehem Steel ; Boeing Air ' Brunswick j 'Caterpillar Corp j ; Chrysler Corp ''-"Coca Cola j;fc B.S. -;tolumbia Gas , Continental Can 'Crown Zcllorbach ' Crucible Steel ' Curtis Wright Dow Chemical l)u Pont Eastman Kodak Firestone Ford General Electric : General Foods general Motors .'General Portland Cement ; -Georgia Pacific loreyhnund iiulf Oil 3lomestake ndaho Power '".I.B.M. " Int Paper Johns Manville Kennecott Copper Lockheed Aircraft Martin Merck Montana Power Montgomery Ward . Nat'l Biscuit ; New York Central X-Northern Natural Gas r-J'orthcrn Pacific .-J'ac Gas Elec J .Penney J.' C. ;vjPcnn RR ;':Perma Cament ;Phillips Proctor Gamble '. Radio Corporation Richfield Oil Safeway Sears Shell Oil Socony Mobil Oil Southern Co. Southern Pacific ; Sperry Rand ' 'Standard California ; 'Standard Indiana '.Standard N.J. rjjStokeley Van Camp :j-Sun Mines ;-Mcxas Co. ;-rrexas Gulf Sulfur :Toxas Pacific Land Trust fThiokol Trans America ;'::Trans World Air Tri-Continenlal Union Carbide Union Pacific United Aircraft United Air Lines U.S. Plywood U.S. Rubber ; : U.S. Steel WeslBank Corp :Vestinghouse 52'i 19. 19H 121'. 30'i 50' 3m W.'i 16H 92'.i 424 50'. 19 21 50. 24 Hi 114V. 33'i 46 74 80 49 36 41 49',4 33"i 421 30ii 46V. 72 Vi 51 83 33'i 35 '.j 49 'i mi 43VI 33 46 15 14 48 74 59 43 48 77 38 65 54 29 13 66 56 63V, 19 9 66 13 21 24 48 14 48 106 35 47 35 52 44 46 35 33 WALL STREET CHATTER NEW YORK (UPIt - Thomson & McKinnon reports a general feeling that stock yields and price earnings ratios spell out no great bargain at present, despite the fact that dividends and profits and capital spending projections arc w a readily discernible uptrend In any case, the house con cludes, investment buying is still sporadic and highly selective. Walter K. Gulman of Stearns & Co. notes that the market is in position to make an attack on the 1963 high-point reached Feb. 15. In his opinion, for the attack to be a success, the market mu.sl broaden out "in other words, in dustries such as steel and rubber which are strongly attached to the booming auto industry should be gin to attract strong speculative attention." Analyst L. 0. Hooper of W. E. Mutton & Co. says it is interest ing to note that although the mar ket is now trading higher than at any time in five weeks "this is not anything even resembling an enthusiastic market." WALL STREET NEW YORK (UPI) - Stocks were extremely narrow and quiet today. Not a single blue chip moved more than -i point and moves of point or more in the genera! list numbered less than a dozen Autos were steady, steels a tri fle easier, chemicals mixed and the international oils trendless. Metals and stores were barely changed as were rails and utilities. Sugar stocks were easier led by South Puerto Rico Sugar which broke around 1 on a fresh de cline in sugar futures in the com modity trade. Barber Oil, Consolidated Elec tronics and Seaboard Airline Rail road fell around 1 apiece while similar gains went to Wcsco Fi nancial and American Agricultur al Chemical. , LOCAL SECURITIES ::Prires until 11:30 a.m. P8T today : Bid Asked :;'Bank of America 60 63 r'Cal Pac Uttl 26 28 : Con Freight 13 14 Cyprus Mines 21 23 Equitable S 4 L 35 37 1st Nat'l Bank 25 27 Morrison Knutsen 30 32 Mult Kennels 4 4 N.W. Natural Gas 34 36 . Oregon Metallurgical 1 1 : PGE 27 29 -PP&L 26 28 :':U.S. Nat'l Bank 72 77 fvUnited Util 36 38 West Coast Tel 22 24 Weyerhaeuser 30 32 Grains CHICAGO lUPD-Guin range: High Low Clo.se Wheat 208 2.;7 2 07- Mav Jul . Sep Outs May Jul : s.-p ; Dec '' Hve ' May :-: Jal : sop :' : ivc 1.90 1 92 .70 .70 .70 .72 1 29 129 1.30 1 30 1.89'i 1.96 .69 .69 .69 .72 127 1.27 1.27 1 29 1.90. 1.96- .70 .69. .69 .72 1 27. 1 27 1.28 1 29 Potatoes PORTLAND (UPI) - Potato! market: Steady: Ore Russets U.S. No 2 3.00-3.25; some best 3.60; sized 2 oz spread 4.50 4.75. few low as 4.00; bakers 3.50-4.10; 6-14 oz 3.6 3.85; bakers U.S. No 2 2.75-2.85 50 lb sks No 2 2.50-2.65. Ex-Officer Denounces Radar Trap SALEM VPV - Radar was praised by many witnesses as an indispensihle aid to halt fast driv ers and denounced by a former state policeman as a "speed trap Thursday. The House Highway Committee hoard the conflicting views in a hearing on a bill that would out law use of radar evidence for conviction of traffic violators. The former state policeman is Rep. Philip D. Lang, D-Portland who also is chief sponsor of the bill. In terming radar a speed trap he said he was not con vinced its use would further the cause of traffic safety. But Lang appeared alone in his view. Backward Step Warne Nunn, legislative assist ant to the governor, said aban doning radar would be a back ward step that would deprive en- forcement agencies of "one of their most modern and efficient tools." Holly V. Holcomb, deputy su perintendent of state police, said it was safer Jo use radar than to have police cars chase speed ing vehicles to clock them with speedometer reading. "I'd rather see you outlaw speedometer clocking than ra dar," he said. The state has 12 radar sclS. They are used mostly for "se lective enforcement, in areas where special problems develop. Lt. James C. Darby said it was possible for motorists to build "jamming" devices, and to install equipment in their cars which would indicate a radar device was in the area. The committee took no action on the bill. Other Highlights Judges The Senate Judiciary Committee approved a bill to create a 20th judicial district of Washington County, with two cir cuit judges, leaving the rest of the 19lh district wilh two judges instead pf three. Labor The House Labor Committee voted to introduce a bill to have employes, as well as employers, contribute to the un employment compensation fund. It would be accompanied by an increase in benefits. Education The House Educa tion Committee killed a bill to move higher education headquar ters to Salem. Stocks MUTUAL FUNDS Prices until 10 a.m. PST today Bid Asked Affiliated Fund Atomic Fund Blue Ridge Bullock . Chemical Fund ' 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. ICA Investor's Group Intcrcontuiental Mutual Slock Selective Keystone B-l Keystone S-3 Keystone St MIT. M.I.T. Growth Nat'l Inv. Nat'l Sec Div Nat'l Sec Growth Nat'l Sec Stock Putnam Fund Putnam Grow Ih Selected Amer IV Fund United Arcum United Canada L'niled Continental United Income United Science Value Lines Wellington While-hall 7.80 4.58 11.33 12.82 10.60 9.65 8.21 16.13 13.35 807 12.63 4.15 5.83 8.39 12.77 9.5 4.90 5.02 6.90 5.77 11.18 18.02 1033 25.11 13.93 4.05 14.14 7.79 14.63 395 783 786 14.60 8.39 9 26 7.17 13 84 1768 6.72 1191 630 5 18 14 18 1.1 1R 8.44 5.00 12.38 14.05 11.53 10.55 9.00 17.53 14.43 8.77 13.73 4.56 6.34 10.29 13.98 7.18 5.48 7.54 10.69 6.23 12.08 19.48 11.04 26.20 1521 442 15.45 8.51 15.82 4.32 8.56 8.59 13.87 9.11 10 02 7.81 13.13 1922 7.34 13.02 1 6.89 566 1546 14 23 e i -V i i riii wm J5!ugs Fired Across Bow GARDENER Virginia McGaughey of Klamath Palls, one of three finalists in Oregon in the Mrs, America con test this yeari does much of the family yard work and vegetable gardening in addition to home and community obligations. She is also chauffeur and frequent home as sistant for her mother, Mrs. Irene Colvin, who lives in Klamath Falls. The Mrs. America contest will be held later this year in Miami, Fla. New Tricks Wifh Food Taught At Cook School -v' mi FUNERAL Services for Lewis Emery Bay, Malin rancher, were held Friday, March 29, at 2 p.m.ffrom O'Hair's Memorial Chapel. Final rites and interment were in Malin Cemetery. Mr. Bay died at the family home March 26. DAILY KLAMATH BASIN SHIPMENTS Rail Truck Combined Rail ft Track TU Oregon 10 19 :n Calllornia 13 18 39 F.O.B. GROWER TRICES Klamath Basin Demand fair to good Market steady 100 lb tacks Rutsrts I S No. 1A 2" or 4 os. niln. . 2.50-2.60 6 to 14 at. . I.90J.25 oce. 3. Ml Rakers 12 01. min. 3.ZS.J.30 Baled 10 lb. sacks 2.40-2.10 mostly 2. 50-2.60 LS No. 1 1 JO-1. 90 Net price la growers at cellar bulk cwt: l"8 No. 1A 1.70-l.M I S No. 2 .90-.95 COMBINED RAIL A TRUCK l-NLOADS Oregon 3; ToUl All Other Stairs 412 One Keek Ago Orrgoe 25 Total All Other States 490 Strike Talks Begin Anew NEW YORK (UPP - Contract talks resume today between pub lishers and the pholoengrnvers holdout union in the 112-day shut down of eight daily newspapers. Negotiators, the papers' almost 20,000 employes and the general public had lapsed into hopeless resignation Wednesday, when rc licllious members of the union de fied Ihcir leadership to turn down a settlement propos.il by a 191-111 vole. Publishers made clear that tlicy would oiler no new concessions, but Thursday, at the request of Frank McGowan, president of Pholociigravers Local I. they agreed to meel today at 2 30 p.m. EST at city hall. Mayor Ilobcrt V. Wagner will preside. Of ten unions idled in the dis pute, seven have conic to terms and two others have agreed to work now and settle later; settle ment with the ptotoengravers is the only block to getting the pa ers hack on the stands. More than 1,200 Klamath Ba sin homcmakcrs, a few husbands and some guests from outside the state learned new tricks with food and viewed new kitchen equip ment exhibited by local business firms during the third annual, free Herald and News Cooking School and Food Fair that ended Thursday. Many of those attending went home with attractive door prizes ranging from Tulelake horserad ish to electrical appliances. The three-day school brought Helen Kralowcc, demonstrator for the Oregon Beef Council and the Klamath County Cow Belles; Carolvn Sullivan, regional home economist, Bureau of Commercial Fisheries. Seattle, and Bcv Lyons (Polly Pacific 1, home service di rector, Copco Division, Pacific Power and Light Company. Students of Klamath Union High School Homemaking classes as sisted each day, filling sacks with cooking pamphlets and with dis tribution of prizes. Those helping Thursday were Ann Scribner, Bcv Ormsbee, Lcx- ie Putnam, Kathy Jones. Linda Flowers and Betty Cote. Fort Rock PTA Meets FORT ROCK The March meeting of the Fort Rock Parent Teacher Association will be held Friday evening at the Fort Rock School. Program plans include a discussion of potential courses in "continuing education sponsored by Central Oregon College. The executive committee met March 26 at the home of Jack Gillette, president, for a planning session. The March 29 agenda will include discussion of the PTA's help with the building of a concrete recreational slab at the Fort Rock School site. The group will also consider sponsoring the Brownie Scouts led by Mrs. De- lores Chancey and Mrs. Bcmie Brown. Pending legislation concerning education will be presented. An evaluation of the past year's programs is expected to provide new ideas for the committee headed by Mrs. Bud Parks. Mrs. Ralph McAllister, accompanied by Mrs. Bud Parks, will present some Gracie Fields selections to provide program variety. Hostesses for the evening will be Mrs. Bernic Brown, newly elected vice president, Mrs. Ralph McAllister, incoming sec retary-treasurer and Mrs. Bill Hamilton. Jobless Fund Bill Entered SALEM (UPI) - A bill that would require employes, as well as employers, to contribute to the unemployment compensation fund was approved for introduction Thursday by the House Commit tee on Labor and Industries. Neither labor nor management spokesmen seemed happy about it. The bill would require employes to contribute two-tenths of'one per cent of their wages. It would be accompanied by an increase in benefits from the present $40 to (46. Four Republicans and three Democrats voted to introduce the bill for purposes of further con sideration. Voting against intro duction were Reps. Edward Whe lan, D-Portland, and Chairman Wayne Turner, D-St. Helens, the two most strongly identified with labor. Employe contributions would represent, a sharp departure in Oregon's unemployment compen sation practices. Only three states now have em ploye contributions. Whelan said the committee was opening up an area of contro versy that would plague subse quent legislatures. Funeral Edwtrd W. Court. 61. died In llkeylew Msrch V. He is survived by the widow, Irene, r-uneral services will be el ? p.m. Salurdev el the Ouslev-Oslermen Chapel In LaKevlew. Interment, Sunset Perk. BUILDING FOR SALE To be demolished end re moved from present locotion. Proposals will be received un til 5:00 P.M., April 15, 1963. City will reserve the right to reject any ond oil proposals, FOR FURTHER INFORMA TION CONTACT BUILDING DEPT., CITY OF KLAMATH FALLS Of U.S. Ship (Continued from Page 1) freighter Baku in a Cuban port Wednesday were "under the pro tection of American authorities." Soviet Premier Nikita Khrush chev said in an interview, obvi ously before today's new Soviet note, that the immediate danger of war over Cuba had been eliminated. Cuban Premier Fidel Castro charged Thursday the United States was responsible for hit-and-run attacks on the Cuban coast. Castro said he might seek to buy long-range bombers and ships to protect the Cuban coast if the raids continued. Four Navy and Marine jet fight ers scrambled from Key West Fla., after Olsen flashed an SOS that his ship was being fired on by "unidentified aircraft." Tre MIGs had vanished by the time tbe American planes arrived. Could Have lilt Ship There was speculation that the attack was in retaliation for two recent Cuban exile raids on Soviet freighters in Cuban ports. Officials theorized that the attackers could have hit the Floridian if they had desired. Olsen said the swept-wing MIGs approached out of the sun, circled his ship at various altitudes and distances before swooping in on alternate passes to within 500 feet of the Floridian. Scholarship Judge Panel Announced The panel of judges for the an nual $500 Steps to Knowledge scholarship program of the ONC Motor Freight System, was an nounced today by Al Lynch, ter minal manager. Ray Hunsaker, superintendent of city schools, is chairman of the group which also includes William Sweetland. publisher. Herald and, News; Brooks Dick erman, Pacific Northwest Bell manager; Wesley A. McKaig, po tato distributor; Robert Elliot, safety engineer, Weyerhaeuser; Curt Austcrmann, news director, KOTI-TV, and Henry Well, loan officer, United California Bank at Dorris. The judges will select one stu dent from the Klamath Falls area to receive a $500 scholarship for the 1963-64 college year. The award is one of 35 such education al grants being given by the firm throughout California, Oregon. Washington and Nevada to high school studynts. Lynch said that recipients of the award may attend any ac credited four-year college or uni versity in the United States. Applications are available at Klamath Union High School, Sa cred Heart Academy, Henley High School and Dorris High School. All applications must be sub mitted by May 1, 1963. MaMealBMiMiBVielfcleleMie e eaeMeWilrt iM idllin lilll'lrni il " I t irfiiji vir1 tktt irimrmilwsiliiiMel YOUTH OF THE MONTH Paul Dearborn, Langell Valley, son of Mr. end Mrs. Mike Dearborn, was selected by the Klamath Fells Kiwanis Club as its Youth of The Month for March and was honored at the regular Thursday meeting of the club. He is shown here being congratulated by Dick Hicks, president of tbe club, far right. Others, left to right, ere Frank Tomic, of the Kiwanis Youth Committee; Dearborn, Francis Skinner, extension agent handling 4-H work, and Hicks. Crowds Jeer Americans NITEROI, Brazil (UPIl-About 1,000 persons in an overcrowded union hall here cheered for Cuba's Premier Fidel Castro and jeered the United States Thurs day night at the formal opening of a "hate America" convention. The Communist-sponsored meet ing had been billed as "interna tional," but newsmen covering the opening session found only Brazilians in evidence. There was no sign of about 150 foreigners, "mostly humble peasants and workers, ' who were said to have! come here for the meeting. A convention announcement Thursday said the foreigners who would attend the congress includ ed four men from America, at least one of whom apparently has, been living in Brazil for somei time. The announcement identified the four as Scott Nearing, Gunter Frank, Guillermo Martinez and "one other who asked that his name be withheld." Frank, whol is said to be a Berlin-born gradu ate of the University of Chicago, recently wrote an article for a Rio newspaper saying U.S. aid is bad for Brazil. Rank-and-file delegates milled around the shipyard workers' un ion hall for seven hours Thurs day while four committees made convention plans behind locked doors. Dearborn Chosen Youth Of Month By Kiwanians A Bonanza High School senior. been beef, and he currently ha Paul Dearborn, was honoredia herd of 12 animals. Thursday by being chosen the "Youth of the Month" by the Klamath Falls Kiwanis' Club. Dearborn is a 9 - year 4-H member and has completed 20 projects. His primary interest has West Oregon Streams Rise By United Press International Oregon's weather remained wet and windy today and streams in the western part of tlie state were rising. "Substantial rises" in tributary streams were forecast through Saturday by the river forecast center in Portland. Coast Range headwater streams and creeks in northwest Oregon were expected to overflow late today. Rising stages in the main stem of the Willamette and lower Co lumbia were forecast for the next two days, as the five-day outlook called for recurring rain. No immediate serious flood threat was seen to major streams. More than an inch of rain fell at Salem, Portland and Newport in the 24 hours ending at 4 a.m. Among his many accomplish ments are attendance at 4-H Summer Camp, summer school and state fair. He has been se lected as Garden King of Klam ath County, and was awarded ths Bob Walker and Marshall Cornett Award. Dearborn was also selected as a delegate to the Oregon 4-H Club Conference on "Know Your State Government," in Salem. He was a delegate to the Unit ed Nations Youth Pilgrimage to New York in 1962, sponsored by the Odd Fellows and Rebekahs. Dearborn was recently chosen salutatorian of his class at Bo nanza. He has a keen interest in music, and his future plans are to attend law school at either Willamette or the University of Oregon. He was a honor guest of the club at I h e Thursday luncheon meeting. I HILL FARMS LIVESTOCK PORTLAND (UPI) (USDAI Weekly livestock: Cattle 1700: good-choice steers mostly 24-24.50; standard 20-21.50: utility 18; choice heifers 23.25; good-choice 22.50-23; canner-cutter cows 10-15: utility bulls 18-20. Calves 250; good-choice slaugh ter calves 30-33: standard - low good 25-29; good - choice steer calves 25-28.50. . ' Hogs 1175; barrows and gilts 1-2 16-16.25; 2 and 3 grade 15- 15.75; 13 sows to 600 lb 10-14. Sheep 800; mostly choice lambs 18-18.50; 2-3 pelts 16-17; ewes 5- 5.50. ;Kn Standing King Ranch Breeding Hill's Wimpy P63959 Holler, roping and cutting horse. Fee, $75.00, half price to 4-H and FFA members Showdown Joe P51-638 Halter and cutting horse Fee, $150. He was shown 4 times last year in cutting horse contests in which he placed three times. Many times a Grand Champion Halter Horse. 2 Hill's Wimpy Fillies for Sale . W. S. (Bill) Hill, Merrill, 798-5255 WE mm r Su LI ifey IE lie HELP KEEP YOUR FAMILY THE PICTURE OF n n r?a ri n ML L. Orth Sisemore announces ti ne removal o f h is law offices to The avings First and Federal Loan Bldg. 538 Main Klamath Falls, Oregon April I, 1963 REMEMBER... No Store KNOWS More About VITAMINS than your DRUG STORE! TAKE ADVANTAGE OF OUR TRAIN ING ASK PAY LESS ABOUT YOUR VITAMIN PROBLEMS. NOW DAYS IT IS ALMOST IMPOSSIBLE TO BE SURE YOUR FAMILY IS GETTING ALL THE VITAMINS THEY NEED TO KEEP THEM THE "PICTURE OF HEALTH" THAT'S WHY YOU NEED BEXEL VITAMIN INSURANCE BEXEL VITAMIN FORMULAS ARE TAILOR MADE TO MEET THE NEEDS OF EVERY MEMBER OF YOUR FAMILY, YOUNG OR OLD! AND THEY COST ONLY PENNIES per DAY! STOP AT PAY LESS TODAY AND LET'S DISCUSS YOUR VITAMIN NEEDS! h PRESCRIPTION DRUG SfORESl
