Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (April 19, 1963)
PAGE 4-A HERALD AND NEWS, Friday, April 1J, 1963 Klamath FaJli, Ore. MARKETS and FINANCE Stocks NEW YORK STOCKS By Vniled Prrn International Allied Chemical Alum Co Am American Air Lines American Can American Motors AT&T American Tobacco Anaconda Copper Arm co Coca Cola C.B.S. Columbia Gas Continental Can Crown Zellerbach Crucible Steel Curtia Wright Dow Chemical Du Pont Eastman Kodak Firestone Ford General Electric General Foods General Portland Cement Georgia Pacific Greyhound Gulf Oil Homestake Idaho Power I.B.M. Int Paper Johns Manville ' Kennecott Copper Lockheed Aircraft , Martin Merck Montana Power Montgomery Ward Nat'l Biscuit New York Central Northern Natural Gas Northern Pacific Pac Gas Elec Penney J. C. Penn BR Perma Cement , Phillips Proctor Gamble Radio Corporation Richfield Oil Safeway Sears Shell Oil Socony Mobil Oil Southern Co. Southern Pacific S perry Rand Standard California Standard Indiana Standard N. J. Stokely Van Camp Sun Mines Texas Co. , Texas Gulf Sulfur Texas Pacific Land Trust Thiokol Trans America Trans World Air Trl-Continental Union Carbide Union Pacific United Aircraft -United Air Lines U.S. Plywood U.S. Rubber U.S. Steel United Utilities West Bank Corp Wcstinghouse Youngstown 48 55'i 22 44 i 19'i 33'i 47 S7'4 94'j 56 52: 4.T SB 2G"a 20-1i 242 117'i 33'i 49'i 77i 80 51i 374 44V4 47!i 450 3 Hi 48'i 76 53 86'i 38" 364 49'i lTii 44 33',j 47'. 15i '15H 53Vi 78 63'i 45S 55V 80V4 41 m 55 324 13H 68Vi 59'. 66H 64i 15H 2014 27H 494 14i 46'4 110 37H mi 56Tk 4B'4 3B! 3Mi 1014 WALL STREET NEW YORK ILPH - Stocks began to firm today. Steels and motors were un changed to tmall fractions higher along with a majority of the oils, chemicals, rails and utilities. Blue chip features were Alcoa, which gained Hi. and United Air craft up l'i in an aerospace group which showed continued firmness. Airlines showed strength also with National and Delta up better than a point. Tobaccos and, drugs were mixed, most stores steady. and foods soft with United Biscuit and General Mills down ! each. The widest movers were IBM up 3'j and Cutler Hammer down 2'i. Kennedy Claims Federal Expenditures Necessary WASHINGTON UPI i-Dedar ing that federal spending is es sential to the country's economic health, President Kennedy said today that major cuts in his rec ord $98 8 billion budget would "harm both the nation and the typical neighborhood in it." Addressing the American Socie ty of Newspaper Editors, Ken nedy strongly attacked arguments LIVESTOCK PORTLAND (UPD lUSDA) Weekly Livestock: Cattle 1600; good-choice steers 24.75-25.25; standard-low good 19 22: choice heifers 24; standard good 18-22.50; canner-cutter cows 11-15. Calves 200; good-cboice vealers 26-29; standard-good 20-25. Hogs 1100; 1 and 2 butchers 16- 16.50; 2 and 3 grade 15-15.50; sows 9-13. Sheep 1300; good - choice lambs shorn No. 3 pelt 17-18; cull-good ewes 3.50-5.50; feeder lambs good choice 18-19.50. Grains CHICAGO (UPD-Grain range: High Low Close Wheat May 2.101. 2.08 2.093,-!, Jul 1.88', 1.87Ti I.88V4 Sep 1.90'i 1.89 1.89.H Dec 1.93?. 1.92'. 1.93'4-!a Oats May ,70 .fig. .Sm-,i Jul 1.293i 1.29 1.29',. Sep .69'4 .69 .69 Dec .711. .71',. .71' Rye May 1.31V 1.30?. 1.31 Jul ' , 1.23a 1.29 1.291a Sep 1.30 1.294 1.29'j Dec 1.31'4 1.30 1.31 Potatoes PORTLAND (UPI) - Potato market: Steady; Ore Russets U.S. No 2 2.90-3.15; some best 3.60; sized 2 oi spread 4.25-4.50: bakers 4.65 4.75; 6-14 oi 3.65-3.90; bakers U.S No 2 2.75 . 2.85; 50 lb sks No 2 2.40-2.50. MUTUAL FUNDS Prices until 10 a.m. PST lodav Bid Asked Affiliated Fund Atomic Fund Blue Ridge Bullock ChemicaJ Fund Comw Inv. Diver Growth Dreyfus E & H Slock Fidelity Capital Fidelity Trend F.I.F. Founders Fund Fundamental Group Sec Com Qr Sec Avia El Hamilton H.D.A. Hamilton C-7 Incorp Inv. ICA Investor's Group Intercontinental Mutual Stock Selective Variable Keystone B l Keystone S-.1 Keysiono S-4 M.I.T. M.I.T. Growth Nat'l Inv. Nat'l See Div Nat'l Sec Growth Nat'l Sec Stock Potnam Fund Putnam Growth Selected Amcr Shareholders TV Fund I'nltod Accum United Canada United Continental United Income United Science Value Lines Wellington Whitehall 8.05 4.69 11.66 13.27 10.94 9.87 8.42 16.69 13.73 8.37 13.33 428 6.09 969 13.34 6.76 4.94 5.06 7.11 10.14 6.05 11.31 18.49 10.39 6 56 ' 25.10 14.36 4.15 14 48 800 15.04 4 03 7.75 7113 14 83 8.56 9 52 10.93 8.70 5.12 12.74 14.54 11.90; 10.79 0.23 18.14 14.64 9.10 1449 469 6.62 10.62 14.60 7.41 5.53 7.77 11.08 6.52 12.23 19.99 11.11 7.10 26.20 15.68 454 15.83 874 16.26 4.40 8.47 8.67 16.15 9.30 10.30 11.97 14 28 15.61 6.83 12 22 6.52 5.31 14.44 13.44 7.46 13.38 7.13 5811 15.74 14.53 LOCAL SECI'MTIKS Prices until 11:30 a.m. I'ST today ; Bank of America ; Cal Pac irtil Con Freight Cyprus Mines Equitable S & L 1st Nat'l Bank JanUen Morrison Knutsen Mult Kennels N.W. Natural Gas Oregon Metallurgical PGE PPL U.S. Nat'l Bank West Coast Tel Weyerhaeuser 61'. 24 V 22 :m M 24'i 30' 1 4'. 36' 1 1 26 26'. 741 23 30'i, 67 26 13 23'. 38't 68', 26' 32'4 4' 38't 27 28'j 78 24'i 32 Couple Face Local Court In Stabbing Two people involved in the Thursday morning stabbing of James Tupper, 30, of 1715 Oak Avenue, appeared In local courts the same afternoon to answer charges which developed from the incident, it has been reported. Julia Ann Pruitt, 25, of 804 North Second Street, appeared in district court on charges of as sault with a dangerous weapon and requested a preliminary hearing which was set for Tuesday, April 23. Jjlie was released on $2,500 ball. Meanwhile, in municipal court. Lewis Harvey Gibbons, 205 West Oregon Avenue, was released on $25 bail on a charge of disorder ly conduct Gibbons as initial ly accused of assault with a dan gerous weapon but the charge was reduced to the lesser one fol lowing further police investigation. Gibbons forfeited bail early Fri day wnen lie failed to appear in municipal court, city police re ported. At the Klamath Valley Hospital, Tuppcr's condition was listed as unchanged since carjy Thursday, when he was reported "satisfac tory" following surgery. According to police reports, Tup per was stabbed In the abdomen with a hunting knife about 3 a.m.. Thursday at 205 West Oregon Ave nue. Miss Pruitt told police that she, Tupper and Gibbons had been drinking together in the house when Tupper began making im proper advances toward her. Miss Pruitt denied remember ing the stabbing, but recalled that she and Tupper began scuffling in the hallway when the latter backed away with a wound in his abdomen. Income Tax Bill Passed (Continued from Page 1) It is an attempt to shut a loop hole under which banks have pro- tested a 9 per cent corporation ex cise tax since 1957. Rep. Richard Eymann, D-Mar- cola, tax committee chairman said if not approved by the legis lature, the tax dispute would cost Oregon $9 million next bienmum. It is 'retroactive. Rep. Sidney Bazctt, R-Grants Pass, pritestcd it would hit other institutions as well, and called the retroactive feature "a devious way to win a court decision. Income Bill Praised Eymann and Rep. Victor Atl- ych, R-Beavcrton, appealed fori passage of the income tax bill the big money-raising measure of the session as one that is look ing to the future." They said it would broaden the tax base to pick up new taxpay ers, simplity the tax structure keep dollars in Oregon that now are going to the federal govern ment, and provide llexibility lor the future. Eymann said it would pay for services "for which you have been voting and the people have been asking." 'Oregon has been an Island of fiscal responsibility for many years, Atiyeh said. This bill will continue this aura of soundness." Rep. Joe Rogers, R- Independ ence, an unsuccessful sales tax advocate, objected that the base broadening aspect of the bill was minute. He said new taxpayers would pay only about $2 million of the $35 in new income taxes. This is not tax reform," he said. "It is a stop-gap measure. It is a very dismal picture to keep putting off the problem and not face reality." Cigarette Tax The once-defeated cigarette tax bill was slated for action following the income tax bill. It would tax cigarettes at 4 cents a pack to raise $15 million next bienmum. The income tax proposal includ ed a modified version of the net receipts tax urged by Gov. Mark Hatfield. Hatfield had proposed a one per cent net receipts tax on all in come. The tax committee bill ap- ies only to persons earning over $300. It would put a net one per cent tax on income below $15,000 and one and one-half per cent above. The measure also includes a graduated income tax, with per centages ranging from one to six per cent. Standard Deduction It gives a standard 10 per cent deduction, with itemized deduc tions above that. Tlie exemption for federal in come taxes has been eliminated from the proposed new lax, and instead of a $600 exemption for each dependent, a flat $22 credit for each dependent would be de ducted after the graduated tax had been determined. The tax committee proposal al so includes deductions for medical expenses. Prince Orders Attacks Halted VIENTIANE, !s (UPI '-Pre mier Prince Souvanna Phouma or dered his pro-Communist half brother today to halt Red attacks on Neutralist forces on the Plain of Jars to head olf a new civil war in Laos. M tlic same time, he annealed directly to the members of the International Control Commission to intervene In the fighting. Souvanna Phouma a lw in moves came as Neutralist leader Gen. r.ong l was reported masque troops for counter attack against Communist Palhel Lao lorces threatening his vital airfield sup ply link on tlie nam of Jars that his tax cut program should be accompanied by a correspond ing reduction in federal spending to achieve a balanced budget. A $15 billion cut in the budget, he said in his prepared text, "not only would cripple our defenses and make us permanently second best in space it would virtually turn the clock back in every American community. And a $5 billion reduction, he declared, would mean one million fewer jobs by mid-1964 and would nullify all the gains a tax cut would produce by then. ' Could Cause Depression Furthermore, he said, a contin uation of that lower level of ex penditures "would eventually cause, not only a recession, but an even greater budgetary loss in revenue than the amount sup posedly saved." Proposals for a $10 to $15 bil lion budget cut have been ad vanced by a group calling itself the "House Republican Task Force on Budget Reduction." It is headed by Rep. Frank Bow. R- Ohio. Former President Dwighl D.I Eisenhower also has called for sharp budget slashes. The President's speech was de voted almost exclusively to fiscal problems, but he referred to the fact that his address at the ASNE meeting two years ago came ex actly on the heels of the failure of the Bay of Pigs invasion of Cuba. Kennedy recalled that he had said then the United States would not hesitate "to take tlie initiative in this hemisphere in meeting its primary obligations to our own se curity, whenever that should prove necessary." Peace Hopes Improve During last October's Cuban crisis, he said, this country did just that. Partly as a result of this, he declared, "there is today more widespread assurance that both peace and freedom can pre vail; and whue our vigilance can. not be relaxed, here is a tendency among many of your readers as well as your writers to devote more attention to our domestic scene and to the quality of life on these shores. Kennedy dealt at length with how federal spending affects a hypothetical subdivision he called 'Random Village." (mm rw NEWLY ELECTED This group will direct activities of the Klamath Falls Classroom Teachers Association during the next year. They were installed April 18 at Conger School by Betty French, Hazel Hallack and Charles Woodhouse. Standing left is Elma Bushong, vice president, and Elton Geil, treasurer. Seated, left to right, are Marian Koglin, secretary, Rita DePew, parliamentarian, and Jack Wirth, president. r Club Sponsors Hunt For Eggs j MERRILLA Merrill 4-H sew- ing club, led by Mrs. Charles Cunningham and Mrs. Lee Has kins, sponsored an egg hunt for the Merrill kindergarten children April 2 at the recreation hall. Members of the club are Nancy Kandra, Pam Conner, Carol Lee Haskins, Lyleen Tedrick and My- rene and Audrene Cunningham Thoy furnished the eggs, colored them, and bought tlie prizes awarded to tlie children. The golden prize egg was found by Rodney Green, and Susan Vaughn found the most eggs. All children received a special treat. Seven Air Raid Sirens Stored Here Three sirens which will form part of a seven-siren nuclear air raid warning system for Klam ath Falls and the suburban area arrived here Thursday and are being stored temporarily at the Klamath Falls Fire Department, County Civil Defense DirectorJoe Searlcs said Friday. The sirens, 110 decibel models, will be installed on power poles erected several weeks ago at Trinity and Lakeview streets, Eb erlcin Avenue and Washburn Way, and Patterson and South Sixth streets. Installation of the equipment will be delayed until a larger, 125 decibel unit' and tbe control ap paratus for tlie entire system ar rives soon from tlie manufac turer at Blue Island, 111., Searlcs said. The largest of the four si rens will be set up on the roof of the Medical Dental Building and is to be hooked up with the three other sirens through a con trol panel at tlie Klamath Falls Fire Department. Installation of the units will be undertaken by the Fire Equip ment Company of Roscburg which will also sot up three other sirens, to arrive later this year, in as many outlying locations. The latter sirens will be located at Balsam Drive and Emerald Street (Stewart-Lenox', South Sixth Street and Summers Lane, and the vicinity of Brooklyn Ave nue and Crest Street (Altamont District'. Butt ons Torn Off Shirt Of Woman's Assailant FOR SALE Business, Resident Properties Inquire, 1945 Main City police turned up some new evidence in the attempted assault of a 65-year-old woman in Mills Addition at 8:25 a.m. Tuesday, it was reported Thursday. . Three buttons were found that had been ripped off the assailant's shirt when he and the victim struggled moments before he was frightened away when the wom an's scream for help were heard by an elderly roomer in the house. Police said the 19 or 20-year-old man was wearing what may have been a black gabardine shirt. The buttons were white shell buttons with four holes and probably Many Roads Impassable Many roads leading into fish ing streams on lands administered by the Klamath Forest Protective Association will probably be im passable during the first few weeks of the trout season, which opens Saturday, April 20. accord ing to George Wardell, supervisor of the KFPA. Wardell said that two of the three road maintenance crews employed by tlie association dis continued operations several weeks ago because of the contin ual snowstorms which have buf feted tlie area. The crews awaiting a change in the weather 1iad been working in the Long-Bell Tract and near Hamaker Mountain. Another crew operating near Agency is still clearing roads in that vicinity. Wardell remarked that most of tlie KFPA roads could be cleared within three weeks after the wea ther improves. came off the front of tlie sus pect's shirt. Anyone having any information concerning the suspect, who was described as being about 5 feet 10 inches and 150 pounds, or the torn black shirt, should contact the city police. The suspect, who was fright ened away only moments after he pushed into the house, was last seen running down Vine Avenue near East Main Street. Police have been unable to locate any one who saw the suspect at this time, but are still checking the area. The elderly victim apparently wasn't hurt badly, receiving only minor bruises in the struggle with the man. K-DAY IS COMING - TOMORROW APRIL 20 KFLW Open House Kicks Off National Library Week An open house will be held at the Klamath County Library Sun day between 4 and 7 p.m. to kick- off National Library Week which starts Sunday. Featured during the week at the county library will be books and displays on the history of Oregon and the Northwest. The Klamath Falls City Library is also planning special interest fca tures during the week, but will be unable to participate in the open house. Also on display at the county library will be special juvenile book sections and the notable books of tlie past five years. Sev eral downtown shop windows will also feature library displays next week. The shop window displays will be arranged by a local com mittee for National Library Week headed by Mrs. Margaret Whit-latch. The Malin, Bonanza and Chilo- quin branches of tlie county li brary will plso have ojen houses during the week and feature dis plays of local historical interest. The Malin open house will be held April 27 from 1 to 4 p.m. Open house at Bonanza is slated for April 30 from 1:30 to 4:30 p.m., and Chiloquin will have its open house on April 25, from 2 to 4 p.m. Everyone is invited to attend the open houses to see the dis plays and familiarize themselves with tlie workings of the library. The various departments have discussion groups to explain the workings of the separate units and how they meld into a smooth running system. Mrs. Betty Cote, county librari an, said members of her staff will be happy to take individual groups (school, business, scout etc.) on tours through the library during the week. If special attention is desired, however, some advance notice would be appreciated, Mrs. Cote said. Mrs. Cote will be leaving Thurs day for Portland to attend the annual Oregon Library Associa tion Conference. Chocktoot Enters Plea Robert Leon Chocktoot, 19, pleaded guilty to burglary in a duelling in the circuit court of Judge David R. Vandenberg ear ly Friday. Judge Vandenberg set 10 a.m.. Tuesday, April 23, as the time for the passing of sentence. Chocktoot was arrested by city police a short time after he burglarized the dwelling of Er ven Savio. 5359 Shasta Way, on Feb. 14. Earlier that same day the defendant had been placed on probation for the previous bur glaries of two local stores. Funerals SHAW Funeral lervices for Etta Shaw will b held Irom the Chaoel ol ward's Klamath Funeral Home Monday. Aerti 11, at i:jo p.m. concluding services i.invm v.em- elery. ill DON'T MISS AD ON PAGE 1-B NEW AT ECCLES . . . but not new to his many friends in the Klam ath Basin is BUS THOMP SON, now on the sales staff at Eccles. Bui origin ally started hit auto career in 1936, with Pontiac. Since that time, other than the war years, Bus has been continually anoeiated with the automotive business in the Basin. You are cordial ly invited to visit Bus at his new location. See Thomp son for Trusty Transporta tion. ECCLES MOTORS 606 S. 6th LOOKING For MORE PROFITS The more, the better, and the faster crops grow, the more money there is for the grower. And if it grows, it grows better with the green touch of BREA FERTILIZER DEALER SERVICE. Brea dealers deliver the right amount of the right kind of fer tiliser at the right time with the most modern equipment to apply it. GREEN TOUCH SERVICE We can supply any type of fertilizer in any form tc meet basin farming requirements. BAGGED, BULK, LIQUID, GAS, or any CUSTOM MIX. AQUA AMMONIA On Gram Land We Provide... FREE ... 14' to 28' applicators with ground driven positive displace ment pumps to insure accurate application. 5 1 MP LOT SOILBUILDERS "Klamath Basin's Oldest Fertiliser Firm" Klamath Falls - TU 4-7746, Malin 723-2947 Tulelake 667-2251 FA r "7 v Coming. ..MONDAY EAfllL mdMDD ;H i ,8 RAY CRQMLEY, i A. ... 1 1 nnnnnfenrw i , ni.wr, n .aaurr aaarf ,Vft.-.i.ii"in- Reporter Ray Cromley spent two and a half months dig ging for the facts about the railroad crisis and meeting the men who are finding the rail way to recovery. His exhaustive and eye-opening reports come to you at a time the nation is threatened with a general railroad strike. Don't miss this exclusive five-part series beginning April 22 in the Herald & News. :rT""1
