Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (May 5, 1963)
. . . . L NEW LOCATION The Studio of Beauty, owned by Mrs. Anona Roberts, has moved from upstairs at Why tal's to a street level location at 107 North Ninth in the former location of Commercial Finance. Left is Kim Alvarez, beauty operator, and Mrs. Roberts, who has been in the beauty salon business here for many yett. Salon Of Beaufy Shifts To Downstairs Location One n( Klamath Kalis' hesl. known beauty shops, the Salon of Beauty, has been relocated to a sli'ect-lcvcl location. Mrs. Anona Roberts has moved downstairs from the second floor of the Medical Dental Building lo 107 North Ninth, where her (our-booth shop was formally opened Satur day, May 4. The shop is attractive with new furnishings in white, pearl Rray. lifiht tan, green, wall-to-wall car peting in the waiting room, a garden fountain and other appointments. The Iwaiity salon was estab lished by Vclma Saucrs in 19:13 when Adrienne's was opened in the present location of Whytal's Mrs. Roberts bought the shop in HM7. She has had 27 years ,'pe- rience in beauty work. Mrs. Roberts is assisted by Kim Alvarez, who owned a shop in AI-. turas before coming lo Klamath Kalis. The shop will specialize in the latest beauty work including high coloring and hair designing. GN Income Shows Rise For Quarter Net income of Great Northern Railway for the first three months of 1963 was nearly $1 million morel than in the opening quarter last year, the company reported Thurs-j day lo the Interstate Commerce! Commission. Reflecling increased revenues and better weather conditions for railway operations, toist quarter net this year was $2,833,000 as compared with $1.8ii8,000 lor the same period in 19(52. GN's open ing quarter net was equivalent to 47 cents per share as againsf Ji cents in the first three months a year ago. GN's gross revenues in the first quarter were $30,003,679 as com pared with $48,041,749 m the same period of 12, while operating ex penses in the first three months. of those years were almost iden tical lust over $42 million. The company's freight revenues of $44,785,532 in the opening quar ter was slightly more than $1 mil lion ahead of the comparable pe riod in 1962, but GN's president, John M. Budd. believes that re sults for the first three1 months would have been substantially higher had not the railway been handicapped by a severe car shortage in Kebruary and March. "The boxcar shortage, which principally affected the move ment of grain and lumber during Ihe first quarter, eased somewhat in April," said Mr. Budd, "but the diminished size of the coun try's freight car fleet continued o be of national concern." m - "yy I HONORED WITH PLAQUE Joe L. Hicks. Hicks Gro cery Service, was honored recently in Chicago where he was presented with a plaque marking his firm's 10th year as an outstanding licensed distributor of World Toy House approved play-tested and age-grouped tows. Here, Victor R. Burtch, left, vice president of the nation-wide toy brokerage firm, makes the presentation to Hicks dur ing the company's annual sales conference. Montgomery Ward Sets Extensive Benefit Pian jjucw and extensive benefit program, which includes a profit sharing plan, was outlined to the employes of Montgomery Ward's store last week by M. B. Hag gerty, training manager of the company's western region. Highlights of' the program in clude 1. A profit sharing plan in which Montgomery Ward contrib utes up to 50 cents and not less than 25 cents for every dollar in vested by an employe. 2. A comprehensive health care flan which will pay 80 per cent of most hospital and surgical ex penses. (TtA 50 per cent reduction in employe contributions to the com pany's retirement plan with no changes in benelits. Montgomery Ward makes up the difference. 4. A liberalized vacation policy which gives new employes one day vacation for each month worked in their first calendar vear Hip to two weeks', two weeks vacation after one year service, and three weeks vacation alter ten years service, and four weeks vacation after twcnty-lue ears. 5. A straight salary plan tor most selling employes, which as sures an rmploe a rcsuiar in come based on last year's total earnings, including commissions. Store Manager, R. A. Golshall said the new benefit program is another step in Montgomery Ward's expansion and moderniza tion program nationally, and is to be effective June 1. 19M. Haggerty also detaded Mont gomery Ward's expansion and modernization program nationally, and is lo be clfcctive June I. 1963. Haggerty also detailed Mont gomery Ward's expansion plans for the western region to employes assembled for tlie benolil program presentation. He said. "Montgom ery Ward has opened 14 new, modern stores since 1959 and plans are nearing completion 'or 37 to 40 full line department stores within the next five years as part of the companywide program. Toyota Cites Local Dealer Among the lop ten Toyota Land Cruiser dealers in the United Stales is Wilson S. Wiley Jr.. owner of Wilson Wiley Buick. 1330 Main Street, Klamath Kails. Wiley received word of his standing in Toyota's national rank ings late last week when he re ceived a congratulatory telephone call from Shoji Hatlori, president of Tyola Motor Distributors, in Los Angeles. Hatlori is the rank ing Toyota oflicial in this country. "This news couldn't have come at a better time." Wiley beamed. I am now launching a spring demonstration program for the people of Klamath Falls." Wilev is giving away a num ber of valuable prizes lo people who go for a demonstration ride in tile rugged Toyota Land Cruiser. "I imagine it's pretty old news by now, but I'm still very proud of Tyota's record." Wiley assert ed. "Every U.S. automotive au thority wlio has tested Ihe Land Cruiser has gone on record say ing it is 'the world's most pow erful, all-purpose 4-wheel drive ulilitv vehicle.' " According to Wilcv. the Tyota Land Cruiser is rapidly becom ing the favorite "go anywhere car of U.S. outdoor sportsmen due to its highway cruising speed and the virtually unstoppable traction of its 4-whccl drive olf (he road. The Land Cruiser has nine for ward and three reverse power combinations." Wilcv explained. It's powerful 1.15-horsepowcred engine can actually lake Ihe sportsmen places no other au tomotive vehicle can go. Klamath Falls residents avail ing themselves ot a demonstra tion ride during Wiley's promotion al campaign are given an imported eleven blade outdoorsmen s knife They are also eligible for Ihe taluable drawings scheduled hy Wiley which include a complete rod. reel and case combination manufactured by Zebco and a beautiful 48-inch Apache scope and gun case. iiiess Review By Floyd L Wynne 1IKRALI) AM) NKWS, Klumath Falls, Oregon Sunday. Mav 5, 1963 PACK 31) rv ' vt J XT if . - 3.m '4v-i r - I NEW MG SEDAN SHOWN Eccles Mo tors, 606 South Sixth Stroet, is now show ing the new MG sedan which features a unique, fluid-smooth suspension system and a space-saving, transversely-mounted engine with front-wheel drive. Julian Eccles states that due to the reception of the new MG sedan, MG has moved up from sixth to sec ond place in imported car sales. Bank Buys Build Bonds The First National Bank of Ore gon Tuesday raven the way for construction of new facilities at four state-supported college campuses by purchasing a 10.r million Oregon State Board of Higher Education bond issue in Portland. Proceeds from the sale will be used to build two new dormitories; al Oregon State University: an ad-! dilion to Cascade Hall and new dining and kitchen facilities for the Cascade Complex at Southernl Oregon College; two new dormi tories, including dining and kitch en faciiities and apartment hous ing for married students at the University of Oregon: and a wom- en's dormitory to serve the Uni versitv of Oregon Medical and. Dental schools in Portland. In addition, unallocated funds ill be used to purchase land for future building projects. The sale was announced at the State Board of Higher Education's! meeting Tuesday morning at the General Extension Division build ing. adjacent to Ihe Portland State College campus. Terms of the sale include the first National Bank's low bid of 3.0391 per cent effective interest. The self-liquidating bonds will ma lure serially between 1966 and 199.1. Russell M. Collwell. senior vice president and head of the bank's bond investment department, said the first National Bank of Ore gon lieaded an investment group which included the Chase Manhat tan Bank of New York and the Harris Trust and Savings Bank of Chicago. Experts Say Good Time To Purchase New Homes Bowen Attends Water Session Glenn Bowen. manager of the Oregon Water Corporation office liere. recently attended a meet ing of more than 400 water ulility leaders at (lie 36th annual three- day session of the Pacific North west Section of the American Wa ter Works Association at Eugene. A keynote of the technical ses sions was the recognition of the vital need for advance planning community bv community to as sure adequate supplies of good waler for the future. DOWNTOWN OFFICE SPACE Inquire At GUN STORE 714 Main WASHINGTON (UPP-lf you're thinking about buying a new home this is a good time to make your move. The mortgage money market is fairly bulging. Not only is there plenty of mon ey available from lending insti tutions for home purchases, the chances are you will find tlie in terest rates a good deal more at tractive on the money you bor row. These arc conclusions drawn by the National Association of Real Estate Boards INAREB) in a survey of the spring mortgage market. In all three major areas of bor rowing for home purchases by conventional loan, FHA-insured loan and GI loan there is more mortgage money available and the Bank Debits Reflect Drop Bank debits for tlie Klamath Kails area including Klamath and Lake counties, decreased in March. 1963, compared to March, 1962, the University of Oregon Bureau of Business Research has reported. DcbiLs for March. 1963, totaled $.12,404,806. For February, 1963, the total was $31,070,577, and for March, 1962. the total was $.15,056, 790. Oregon, with 254 banks report ing had an increase in hank deb its in March, 196.1 of plus 80 per cent as compared with Feb ruary. 1963. and an increase of plus 7.9 per cent as compared with March. I2. Total debits for Oregon in March. came to $2,186,397, 496. For February, 1963, the total was $2.024.411.0.18. and for March. 1962, the total was $2,026,624,167. interest rates are generally more attractive than a year ago. The competition for mortgage business is beneficial in two ways to the (amily that is changing homes selling one and buying an other. Lower interest rates are available in many areas on GI loans those guaranteed by the Veterans Administration and IT1A loans, insured by the Fed eral Housing Administration, as ?ll as conventional loans. In selling, this could mean less outlay for "points" the "dis count" tlie seller must pay be Iwcen the maximum interest rate alowed under Ihe KIIA and GI loans and the actual amount ad vanced hy a lender. Each "point" is roughly equivalent to one- eighth per cent interest. Lending institutions simply will not let out money for mortgages at the 54 KHA interest maxh mum and the 5' 4 GI loan maxi mum. The seller, rather than the purchaser, pays the "points" be tween the maximum allowed and the rate an institution will lend the money. This works the other way around for the seller in his deal for a new house. The NAHEB said Its survey of tlie mortgage market showed it has been years since there was as much motley now available for KHA loans. It said reports from around the country indicated that "the sources lor KHA mortgages arc as readily accessible as con ventional loan funds." The availability of GI loan mon ey has been even greater over tlio past year, tlie NAREB said. II described Hie increase in VA-guar-anteed loan funds over last year as "spectacular." Other reports recently have in (licalcd there is no major scarcity of homes available for purchase. Tlie construction industry pre dicted al the end of 1:i that this would he a boom year for house building. Timber firm Says Sales Show Boost Increased sales and earnings in the first three months of 1963 werej reported today by Weyerhaeuser Company. Ihe forest products firm's quar terly report to shareholders said sales increased 14 per cent over those of the first quarter of 1962 to $136,865,000. 'Net income rose 25 per cent to $9,288,000. Earnings per share were equal lo 30 cents on an increased num ber of shales, compared with 25 cents in the comprable 1962 period. The report termed the figures encouraging. Housing starts were up slightly over 1962. the report said, and further gains arc expected in the months ahead. Lumber shipments and prices were moderately higher in the first quarter, the report said. Soft wood plywood shipments rose 14 KT cent hut prices remained near record low levels. The company reported a strong uptrend in demand for manufac tured panel products, such as hardhoard, parlicleboard and Ply Veneer. Tlie improvement was at tributed to new and growing uses in construction and intensive mar keting through the company's ex panded wood products distribution system. Sales of hardwood veneer, ply wood and doors were well ahead of the comparable 1962 period. Weyerhaeuser pulp mills oper ated near capacity. "Shipments of pulp lo Ihe ex port markets registered substan tial gains, more than offsetting some shrinking of the domestic markets," (he report said. "Fur thermore, recent price increases for some grades of market pulp will aid in restoring more favor able margins." The report disclosed plans or construction of a new folding car Ion plant at Austin, Minn., where Weyerhaeuser now produces cor rugated shipping containers.. The new plant will provide an addi tional outlet for the company's na- jierbnard and will broaden its dis tribution of cartons in the Mid west, the report said. . J SURPRISE WINNER Mr. and Mrs. Fred Miller, 4522 Peck Drive, Klamath Falls, were surprise winners of thu beautiful clothes dryer in the Folqer's dborbell ringing contest last week. The Miller's are first time contest win ners and found the appliance prize a welcome addition. The contest is conducted on Station KFLW. COMMERCIAL Specialiung in oil typei of printed folders, circular letter beads, checkt, statement!, snap-out , forms, plastic bindinfi, re. Guide Printing Inc. 12th & Klamath tu Asr:S n 4 new reasons why GUARANTEED TRUCK SERVICE AND REPAIRS We're Specialist on 4 - wheel drive Willys 'Jeep' vehicles, but we are equipped to serv ice oil mokes. JOE FISHER Lincoln, Mercury, Comet Willys 'Jeep' vehicles 77 $.. 7th fk- -104 mtrnt PhO" Chatlx .". J-45t TRY iil.rtmwimiirtW FERTILIZER Your Key To: TIME, LABOR, MONEY Ask Us About The All New 10-34-0 LIQUID LIQUID FERTILIZER SHELL N-SOL 32 Both Can Be Mixed For Any Combination of Nitrogen-Phosphate SIMPLOT SOILBUILDERS "Klamath Basin's Oldest Fertilizer Firm" Klamath Falls TU 4-7746, Molin 723-2947, Tuleloke 667-2251 -- ,-;-" .. " i( ii " -h um y ? I I J I vv 'b ; h PK-f) -I It Y A1) I " Kr Si ill you get more quality with the BUTLER BUILDING SYSTEM 1 OPTIONAL GUARANTEED ROOF. Exclusive! So wMthertight that Butler can otter a full 20-year guarantee on aluminum roofs. ) NSW MONOPANL WAILS. Factory-lntuleted and pre- assembled to create complete exterior walls of striking beauty. I BOLD, BEAUTIFUL BUTLEBIBt, The bt-loing wall and roof panel -for non-insulated or field-insulated building areas. I NEW BUTLER.T0NC COLORS. Eceptionally durable and r handsome factory-applied color finishes for wall and roof panels. Choice ot colors. Insist on today's enVaneed pre-engineered building. Tt mts na more! Save weeks to months of enstly construction time. Take Ad vantage of our full range of building services, including financing JOS l'r-" BENNINGTON STEEL BUILDING CO. TU a-JJ-M BETTER BUILDINGS FOR BUSINESS '- ' J 15 OF THE COST OF YOUR CAT-BUILT TRACTOR IS IN THE UNDERCARRIAGE Rebuilding these items before excessive wear occurs is just good business . , . You save time and money and free yourself from needless worry. Take TRACK RAILS, for instance. Rebuilding can add many hours to their productive usefulness. Our automatic track welder can renew the smallest and the largest trock without disassembly. Two welding heads, control led electronically, allow both rolling surfaces to be rebuilt at the same time. CALL US TODAY FOR ESTIMATES ON YOUR UNDERCARRIAGE REBUILDING L 1 YOUR CATERPILLAR DEALER CATERPILLAR & CAT Are Registered Trade Marks of Caterpillar Tractor Co. 1410 So. 6th St. TU 2-2344
