PAGE 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.
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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.
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