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