. . . .
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
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re.
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Inc.
12th & Klamath
tu Asr:S
n
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'- ' J
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