Herald and news. (Klamath Falls, Or.) 1942-current, April 10, 1963, Image 4

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Herald and news., April 10, 1963, Page 4, Image 4

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Newspaper Page TextPAGE 4-A - HERALD AST) NEWS, markets and finance Stocks NEW YORK STOCKS By tailed Press International Allied Chemical Alum Co Am American Air Lilies American Can 46 American Motors 20' j AT&T 122'i American Tobacco 32' i Anaconda Copper 453 Afmco 57' i American Standard 14-4 Santa Fe 27'i Bcndix Corp Bethlehem Steel 32 Boeing Air 33i Brunswick I7'j Caterpillar Corp 37'j Chrysler Corp 102',-i Coca Cola 04 Columbia Gas 28 Continental Can 4T4 Crown Zellerbach 55' Cficible Steel 20"4 Cnitis Wright 21 Dfiv Chmcical 2 On:Pont 240'i flrjpstone ford 50' . general Electric 7fi'i (neral Foods 82 General Motors MVt Georgia Pacific 51 General Portland Cement Gulf Oil llnmcstake 48 Idaho Power Mli I.B.M. 4423, Int Paper m, Johns Manville 50H Kcnnecott Copper 73?i Lockliecd Aircraft Martin 20'i Merck 4i Montana Power 38:, Montgomery Ward 371i Nai'l Biscuit New York Central 17' Northern Natural Gas Northern Paciifc 4:l34 Pac Gas Elcc M'i Penney J.C. 47. Penn BR 15'.i Perma Cement 143 Phillips 52'i Proctor Gamble . 77' Radio Corporation fi03i Richfield Oil . 46'k Safeway 521k Sears 80'i Shall Oil ; .Wi SWt hern Co. 543i Southern Pacific 31'. $prry Rand 13? $jandard California Standard Indiana 37'j Standard N.J. do'i , SWkely Van Camp ' 19' a Sua Mines 9',4 : Telcas Co. 68'4 ' Texas Gulf Sulfur 14 Texas Pacific Land Trust 20',i ; Thiokol 21VU , Trans America 48sii Trans World Air 14H Tri-Contincntal 47' lliijon Carbide 111', ijnron Pacific 38'i eJiiited Aircraft 48'j Uflkcd Air Lines - 38? Plywood 55'i ' fl:S. Rubber 4B'i iJ ji Steel . . I Writ Bank Corp 3M, 1 Wcstuigliouse 35 1 Youngstown . 98',4 LOCAL SKCUIUTIKS rrlces until 11:30 a.m. PST today Bank of America Cal Pac Ulil Ca Freight Cyprus Mines Cqllltable S & L tst; Nai l Bank J.iMjtK'n Miirrison Knutscn Midi Kennels rf,. Natural Gas Orgon Metallurgical PP&L U.S. Nat l Bank United Ulil West Coast Tel Vyerlueucr 24' 13:'i 221. 3fi f.4'i 24 30' 4 4'i .Iti'j I'd ffli'i 74'i :uv 23i 30'. 24 38'4 fiH',4 2(i:'i 32' 5 38' i l'i 27 28 7H 38'4 24'. 32. Grains CHICAGO (UPD Grain range ; Wheat May 2.11'i 3 09H HOU-'i .hil; 1.8,1'. 1.88'j l.(m-1.89 S0J lftO'i 1.8!s 1.90'i li(i 194J4 1.93". 194'j : iUs flf .70'. .', .KH tlC M'l .fiK'.-.h!) ."it ,n'i Wt PC ,71'j .71 .71 : May I.S'i 1.31 I 31-1.31 1 Jul- 1.30', 1.2'.r I 29V. Sep 1.30 t.29-1. 1.30 1)CC 1 3l-i 1.31'i 13l'i DAILY KLAMATH BASIN SHIPMENTS : RH True k Combined Rail Trerk Ttl Oregon 10 20 30 Olilnruia 14 II 23 '; F.O.B. GROWER PRICF.S Klamath Basle 3eniand for baker good other to k modrratr larkel steady jlM lb Mrki Russell ?CS No. 1A 2" or 4 ot. mln. ;I 4 tn 14 f. 1.80-3.25 ore. higher mostly 3.00.3.30 -Bakers 12 m. mln. 3.25-3.60 mnslly 3.3.V3.50 Baled 10 Ih. Mrki . 2.30-2.40 occ. 1.50 US No. I 1.70-I.9O mnslly 1.80 Net price lo growers at cellar bulk ewl: I'd No. 1A 1.50-1.60 lew be.t 1.701.80 US No. t .WV-.dS t. higher COMBINED RAIL TRUCK UNLOADS Ore job 39 ToUl All Other Stales 439 One Week Ago Oregoe M , TW All Other Slatet - 655 Wednesday, April 10, 1963 KUnuU Falli, OrtfM WVKST NEW YORK IUPH - Colby 4 Co., a Boston investment house, does not see many excesses in the stock market "as a matter of fact, hardly any." The firm says this market ad vance is more solidly based than any it has seen in the past sev eral years, reinforcing the view that the panic selling of May and June last year resulted from ; reversal of previous ovcr-confi dence to a complete loss of conli dence. Investors Research Co., a West Coast advisory service, says the November-April bull market re mains intact and the overall trend into May-June-July is bullish, Regarding Monday's market, Larry Bleibcrg of Bache & Co says recent market leaders were joined by a number of the lower- priced, more speculative issues which he thinks is further evidence of greater market participation. In view of the steepness of the recent advance he thinks the, market may be ncaring a short term peak, but he would use fu ture weakness lo increase stock positions. James F. Hughes of Auchinclossl Parker & Redpalh says the mar ket has a fair start on a possible third phase of the major invest ment stampede that has played such an important part in bring ing the industrial average up from the 549 low on October 24 lo ils current high above 700. WALL STREET NEW YORK (UPD-Stccls were strong In an otherwise narrowly mixed stock market today. Wheeling Steel rose roughly Hi points on heavy turnover in the wake of its decision to boost some steel prices an average nf $8 ton. U.S. Steel rose over a point to new l'.Ki3 high and Bethlehem gained a largo fraction. Virtually every other slccl issue on the board gained. Movements In oilier market sec tions were narrow and trcndless. Potatoes PORTLAND (UPI) - Potato Steady: Ore Russets U.S. No 2 00 - 3.25; some best 3.60 4.00 some local 2.50; sized 2 oz spread 4-4.25; bakers 4.00 - 4.40; fi-14 oz 3.65-3.90; bakers U.S. No 2 2.75 85; 50 lb sks No 2 2.40-2.50. Stocks MUTUAL FUNDS Prices until 10 a.m. PST today Hid Asked Affiliated Fund 7.99 8.B4 Atomic Fund 4.68 5.12 Blue Ridge 11.58 12.66 Bullock 13.16 14.43 Chemical Fund 10.92 11.87 Comw Inv. 9 83 10.74 Diver Growth 8.38 9.18 Dreyfus 16.64 18.09 E fc 11 Slock 13.67 14.77 Fidelity Capital 8.34 9.07 Fidelity Trend 13.13 14.27 Fin lnv. Fund 4.28 4.69 Founders Fund 6.01 fi.su Fundamental 9.62 10.54 Group Sec Com 13.11 14.33 Gr Sec Avia El 6.76 7.41 Hamilton H.D.A. 4 92 Hamilton C-7 5.04 5 51 Incorp. lnv. 7.07 7.74 1CA 1001 10.94 Investor's Group Intercontinental 5.87 R..15 Mutual 11.26 12.17 Stock 18 43 19.93 Selective 100.35 11.09 Variable 656 7.09 Keystone B-l 23.11 26.20 Keystone S-3 14.31 15.62 i Keystone S-4 4 14 4.32 j M.i.T. Growth 14.40 13.74 1 M I T. Growth 7 93 8.69 Nat l lnv. 15 00 16.22 Nat'l See Div 3 97 4.31 Nal'l Sec Growth 7.69 8.40 Nat'l Sec Stock 7.73 8 -17 Putnam Fund 14.84 16.13 Putnam Growth B.iS 9.29 Selected Amer 9 42 10.18 Shareholders 1091 1192 TV Fund 7 37 8 03 United Acium 14.19 15.51 United Canada Inilod Continental 6 84 7.49 United Income 12 13 13 26 United Science 6 48 7 08 Value lines 5 25 5.74 Wellington 14 40 15.70 Whitehall 13 39 14 48 'Doctored' Insurance Claim Probed By ANN II. PKAHSON t'niled Press International The Multnomah County district attorney's office is investigating complaints that a group of agents 'doctored insurance p o 1 1 c they sold to a number of Oregon school districts. The school districts have been discovering in recent weeks that parts of the policies they hold are considered invalid by the insur ance home office. Meanwhile, a friendly civil test suit was being filed in Portland to determine liability. State Insurance Commissioner Walter Korlann said in Salem the policies were "generally sold throughout the stale," but there was no full estimate of the amount of insurance involved. Multnomah County Dist. Ally, George Van Hoomissen said his olficc is investigating the matter, particularly the role played by the "agents. Korlann said appar ently three agents were involved, one licensed to sell insurance in Oregon. The home office involved is the California Life Insurance Co wlucli Isorlunn stressed is very reputable." He said California Life has promised to honor any legitimate claims. Policy Riders Involved Particularly involved arc riders on the policies held by the school districts giving coverage for such accidents as football injuries. The matter came to light, Kor lann said, when California Life recently began rejecting Oregon school district accident claims written by agents operating under the name of an agency that since has disappeared. The agents also have "skip ped," Korlann said. California Life said there were discrepancies between llic policies wrillen by the agents for the school districts, and those sent into the home office. Korlann said California Life con- lends the agents altered applica tions for the school districts to show broader and more expensive insurance, charging liigncr pre miums, hut sent lower cost ap plications back In the home of fice. The school districts thought they were buying the fuller coverage. California Life said, according to the applications it received, they did not. The lest suit is being filed by California Life and the David Douglas School District of Port land. Its intent is to determine how much California Life should pay on the policies. The Ashland Daily 1 idings car ried a story in ils Tuesday edition saying irregularities in student health and accident insurance coverage were revealed ly tne school board in the Southern Ore gon city Monday night. The news paper quoted Korlann as saying "this is quite a mess." Matching Bog plul lo nr f f t i i M Mil . . ... SPEEDY JOB The first employe group to complete its canvass for blood donors for the April 16-17 visit of the Red Cross Bloodmobile is the Klamath County Road De partment. Of 80 employes, 15 signed pledge cards. Eleven were present tor the pic ture including, left to right, J. R. Dalton, Orville Sukraw, E. J. Linville, E. W. Parkhurst, Don Palmer, Bob Thompson, Earl Kessler, C. K. Wells, Winston Kurth, Olive Kinmarli and Mary Kidwell. Snow Forces Chain Usage Chains arc required for traffic on Dead Indian Road, and may soon lie needed for travel else where in Southern Oregon, accord-i ing to rex)ils released at noon today by County Engineer John Creed and Oregon Stale Police. Latest reports indicate that the Dead Indian Road is open but chains are necessary because of a heavy snow pack, Creed said State police reported that roads in other parts of Southern Ore gon "show bare pavement" de spile a snowstorm that began today and is continuing. At Crater Lake, the Park Serv ice is discouraging tiavel to the park by people unfamiliar with the highway. Five inches of new snow has been reported and mo torists are required to carry chains. I'he Green Springs Highway and Willamette Pass have slush in places, and road conditions arc good on Highway 393 to Alturas allnougn strong winds and an overcast have been reported. Oil Furnace Starts Blaze The city fire department was called lo the residence of Carol liunlman, 728 North Seventh Street, at 9:58 p.m. Monday after in oil furnace exploded in the house. There were no flames when fire man arrived, but they indicated there was considerable smoke and soot damage throughout the house. The cause of the explosion was not determined, city firemen in dicated. A delightfully comfortable mid-heel shoe in comfy soft sweet kid leathers. Made for walk-a-day wear with every ensemble. Available in Orange, Lemon-Lime, Pineapple ond Platinum. $16.95 fia ! 1 1 .i,"' Breakfast Scheduled On Easter BEATTY An Easter Sunday sunrise breakfast will again be sponsored by the Beatty com munity, the Assembly of God Church and Rev. Vincent Bodner The breakfast has been an Easier morning custom for 10 or 12 years. Those sponsoring it have set up stoves and tables on Easier Hill two miles cast of Beatty off Highway 66. Those planning to attend, approaching from the east, turn right, cross the bridge and follow the road up the hill If the weather is chilly, heat will be provided by a huge bon fire, that in past years has been seen 40 miles away, according to Jess Kirk, who fries the bacon. Serving will start at 5:30 a.m. The public is invited. Last Easter morning between 70 and 80 per sons were present. Interment Slated Here Ward's Klamath Funeral Home will be in charge of interment in Linkville Cemetery for Mrs. Cora E. (Brownie) Lyon, 88, who died April 6 in Portland where she had lived for several years at 8117 Maple Leaf Drive. She was a former resident of Klamath Falls, widow of the late Robert Lyon, a potato inspec tor. Mrs. Lyon was a member of the Methodist Church. Cremation followed the funeral service in Riverview Abbey, Port land. Survivors include a daughter, Mrs. Steve Sugar, Portland. Mrs. Don Rice of Dairy is a second cousin. i Bloodmobile Seeks Donors Bloodhounds of the community are moving into action Ihis week to recruit donors from employe groups for the April 16 and 17 visit of the Red Cross Bloodmo bile. First employe group to com plete its canvass is the Klamath County Road Department. Mrs. Betty Hill, bloodhound for all county employes, reports a good response from the road depart ment employes. Pledge cards have been received from 15 of the 80 employes of the depart ment. New employe groups being con tacted for the first time in the community blood diive include teachers and employes of KUHS and the Herald and News. On Tuesday. April 16, the blood mobile will headquarter at the Elks Lodge, Third and Main, with hours from 2:30 to 7:30 p.m. and a target of 250 pints. Wednesday the operation moves to the OTI campus with the Circle K Club in charge of the visit. A quota of 200 pints had been set by the students, with hours from 10 a m to 3 p.m. Both sponsoring groups cmpha. size mat me operation is open to the public. Nursery care will be provided for donors' children, and transportation is available by calling the Red Cross office, TU 4-4125. HE "LAKED" IT BUFFALO. N.Y. UPI Rob ert Smith, 19, faced charges to day for violating a city rubbish dumping ordinance by driving his old model car into Lake Erie. 'He couldn't sell it and appar ently couldn't even junk it." po lice said when they issued the mmons Tuesday. Deer Herd Battle Blows Hot After 'Show-Me' Field Trip The alternately "hot" and "c o I d" verbal joust which has been continuing between the Ore gon Fish and Game Council and the Oregon State Game Commis sion since last fall was waxing hot again today following an ap praisal by C. E. "Red" Milhorn. president of the council, of the game commission's "show - me" field trips to the Summer and Spring Jakes area last weekend. The two-day field trip was spon sored by the game commission to show sportsmen that the Oregon deer herds have not been deplet ed, a view contrary to the be lief of the fish and game council, an organization of sportsmen that was formed last year to protest certain game management prac tices of the commission. The sportsmen's organization has maintained that "extra hunt ing season'" and antlerless hunts have resulted in depicting of the deer herds, while the game com mission has argued that "the deer are there." Milhorn, one of nearly 150 peo ple who made the trip as repre sentatives of sportsmen. Bureau of Land Management, U.S. Forest Service, and the game com mission, charged that the area selected for the field trip was not representative of conditions gen erally found in the state in re gard lo deer population and avail able forage. LIVESTOCK KLAMATH FALLS LIVESTOCK AUCTION MARKET April 9, 19K3 Receipts: Cattle 238. Calves 52 Hogs 24. Sheep 4. Compared last Tuesday, stock- er cattle steady; slaughter cows .50 lower. Slaughter Cattle: Cows: Utility, 14.70-16.40; Cutters. 13.00-14.40. Bulls: Uitlity & Cmcl., 17.50-18.- 00. Stockers & Feeders: Heifers: Good-Choice, 640-675 lbs., 22.40- 23.40. Steer Calves: Good-Choice, 264- 460 lbs., 28.00-30.20; Good-Choice, light 79.00 per head. Heifer Calves: Good, 390 - 503 lbs., 23.35-24.50; Good Light 61 71.00 per head. Cows: Medium-Good pairs, 195 237.50 per head; Medium - Good springer heifers 152-175.00 per head. Baby Calves: Beef. 46-30; Beef Dairy, 12-26.00 per head. Hogs: U.S. 1 & 2 Barrows k Gilts, 200-255 lbs., 14.60-15.30; Weaner Pigs, 7.50-11.00 per head; Feeders 170-200 lbs., 13.25-14.60. Sheep: Slaughter lambs, Good Choice, 15.10; Slaughter ewes, 1.50-4.75. Reported by Ray O. Petersen. the beautiful flower symbolic of the of Christ. I EASTER IplSlPl 1 A TIME OF HOPE ft, f$k I AND HAPPINESS V v" NSl 1 rBv WEAR A FLOWER , every costume that's traditional the one style that never changes. SHARE THE JOY decorating your church, flowers or plants to your friends. WE HAVE LARGE ASSORTMENTS OF BEAUTIFUL POTTED PLANTS LOVE LY FRESH CUT FIOWERS, BOUTON NIERES AND CORSAGES AT PRICES TO PLEASE EVERYONE . . . AND SOME OF EACH ARE READY TO GO Come Visit The Greenhouses SPECIAL HOURS THIS WEEK: Open Thurs. - Friday - Sat. Till 9 p.m. OPEN EASTER SUNDAY Till 2:00 p.m. Your Satisfaction Guaranteed at NYBACK'S Flower Fair 3614 So. 6th The president of the council saidionce the range for literally thous thal the game commission, inlands of deer. choosing the site for the field trip, had selected an area which would reflect most favorably upon its game management practices. The trip featured a tour in the vicinity of the Eastern Oregun lakes, during which game com mission officials pointed out evi dence of the number of deer wintering there and damage al legedly done to forage plants by the deer herds. In the latter instance, Milhorn said that damage represented to have been caused recently by deer appeared to be "about three or four years old" and could have been caused by cattle grazing in the region. Large numbers of sturdy sage brush and other forage plants had been "stomped" and "mashed to the ground," and among the bro ken shrubs were a considerable amount of cattle droppings but little evidence of deer sign. Mil horn said. Milhorn believes Ihere is sulfi cient evidence to indicate that the U.S. Forest Service had "Ictj the area be overgrazed by cattle and the state game commission was helping them smooth it over by blaming the damage on deer." He urged that all grazing per mits issued by the U.S. Forest Service in the vicinity of Sum mer and Spring lakes during the past 10 years be reviewed to de termine whether or not the land had been overgrazed. Milhorn remarked that other parts of Oregon were more se riously affected by game man agement pracUces than the site of the recent field trip. He alluded to former Klamath Indian Reservation lands and oth er parts of Southern Oregon and the Lava Beds which provide the range for. the interstate deer herd. The council has argued that few deer herds are seen on those lands which in recent years was Communion Service Maundy Thursday First Presbyterian Church 601 Pine Street 7:30 P.M. April 11 white, woxy Resurrection of Easier by sending cut family ond TU 4-8188 The president of t h e council charged that his group had in vited members of the game com mission to conduct a tour through the Lava Beds and one-time res ervation lands to learn "the true facts of the deer situation," but the commission had declined. Milhorn said that although his views were not necessarily those of the council, they did reflect the views of many sportsmen and others who participated in the lield trip. Among those was Ed Elder, rep resentative of Lane County, who addressed members of the party during a meeting Friday, at the Summer Lake Grange Hall. Ac cording to Milhorn, Elder re marked that despite testimony presented at the state legislature last month, he was convinced that the "deer herds were being depleted." Other comments made by Ro land Bowls, member of the game commission, indicated mat the views of the commission are sub stantially the same as they were when the hassle began last fall, Milhorn commented. At the meeting, Bowls said that "the game commission would not answer to (he legislature or the sportsmen, but will make their own decisions," according to Mil horn. Bowls added that the deer do not belong to the sportsmen of Oregon, but lo the people. Sports men are a very minority group, he said. Joe Smith, chairman of the Ore gon Stale Game Commission, was not available Tuesday lo com ment upon the charges made by Milhorn. P 1 SHOE SALON WE WIRE FLOWERS ANYWHERE!! T " " 1 Order Early!