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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (May 8, 1963)
PACK 4-A ' Wcdneulay, May I, 1963 IIKRALD AND NEWS, Klamath Falls, Ore. MARKETS and FINANCE Sfocks By United Press International .Alum Co Am American Air Lines . American Can .American Motors ;at4t JAmerican Tobacco ,'Ajiaconda Copper ;Armco Santa Fe Bendix Corp Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola iColumbia Gas .Continental Can Crown Zellerbach -Crucible Steel Curtis Wrisht Dow Chemical Eastman Kodak Firestone Ford General Electric General Foods General Motors Georgia Pacific Greyhound ;Gulf Oil Homestake Mdaho Power 'IBM. Int Paper Johns Manville Kennecott Copper Lockheed Aircraft Merck Montana Powe Montgomery Ward Nat'l Biscuit New York Central 'Northern Pacific !Pac Gas Elcc Penney J.C. iPerma Cement 'Phillips '.Proctor Gamble Radio Corporation Kichficld Oil Safeway Scars Shell Oil Socony Mobil Oil . Southern Co. ' ! Southern Pacific ' Snerry Rand .Standard California ; Standard Indiana ; Standard N.J. ; Stokelcy Van Camp Sun Mines Texas Co. Texas Gulf Sulfur Texas Pacific Land Trust Thiokol Trans America Trans World Air Union Carbide Union Pacilic United Aircraft United Air Lines 60' 443 10 1244 32 'i 31i 53?, 2U 533i .H'i l.i3. 384. 106'k 95i 29' 54 2Mi 22a,4 l4' 114' 37 S2 SO 52' 42 45 45'a 35 470 30i 4(i' 75 57?. 86' 37 38 " 48 IH1. 45' 32' 41. 15'. 53 Vi 764 BOV'4 45 844 41 64' 554 34 14 US' 58'. 6414 67 15V. M 25S 55i 15i 11M, 38', WALL STREZT CHATTER NEW YORK IIT! - Whether it takes two weeks or two months for the industrial average to, reach a new record high, Ashley Thorndike of Harris, Upham & Co. says several technical inch ,cators should then he closely watched to determine whether the breakout is false or will carry through to possibly 80O. Danger signs, he says, would lie a sudden swing to the buy side in the odd-lot statistics, a further decline in the customer's free credit balances figures published by the exchange, a drop below 50 per cent in the number ol stocks outperforming the average, and a decline In the ratio of VM3 highs to lows. Lduard F. Underwood of Ira Haupt 4 Co. said his technical analysis of the .'10 components of the Dow-Jones industrial average suggests materially higher levels for the average itself. He says a level of about 800 this year or early next would not be surpris ing. Spear 4 Staff says the Dow has performed well in recent sessions so much so that we believe the prospects of a near-term re versal have diminished, and that a penetration of the 1961 peak ofl 7J4.9I is likely within the next two or three weeks time." Merchants Study Ways To Combat Bad Checks A check seminar designed to instruct merchants how to bet ter prepare themselves from be coming the victims of customers passing worthless checks open. lor the first time in Klamath County tomorrow, Thursday, be tween the hours of 9 a.m. through noon, in the hearing room at the county court. People unable to appear at the morning session may attend a later seminar scheduled trom 7 p.m. to 10 o'clock the' same day, also in the hearing room. The course is free and there is no prc-registration. The check school, sponsored by the district attorney's office, is designed to reduce the losses in curred by businesses through the cashing of worthless checks and to make the prosecution of check passers more certain, according to District Attorney Dale Crab-tree. The course will be especially useful to employes of businesses who are charged with the respon sibility of accepting checks from patrons. Instructors of the course will include Clare Aldersnn, Oregon State Police Identification Bureau at Salem; Jim Benbrook, Federal Bureau of Investigation at Port land; Dale Crabtree, district at torney of Klamath County; Dennis Lilly, detective sergeant of the Klamath Falls Police Department, and a representative of a bank ing institution. The course represents another step being taken by the district attorney's office to crack down on the passers of fraudulent checks. Earlier this year, the dis trict attorney organized the Klam ath County Bunco Squad, a two man team composed of Detective Lilly and Deputy Del Summers of the sheriff's office, with a view to increasing the number of ar rests made on people accused of passing fictitious or worthless checks. ; IK J nS J it. i K. J. .! ' :, ? f Hi' t 1 ' 'I f i i- it WALL STRKET NEW YORK (UPD - Stocks staged a strong early rally today. Auto, steel, rail, metal, chemi cal and utility shares all firmed paced by Du Pont and Alcoa with gains running past a point and General Motors up v to a new all-time peak. Rock Island was the biggest rail gainer, helped by reports it is about to sign a merger agreement with the Union Pacific which rose a fraction. Electronics and glamor special ties figured in the new rise with IBM and Polaroid up 4 apiece. Texas Instruments nearly 2, and RCA, Litton, Bcckman and others around a point. Kennecott, which reported a quarterly earnings drop, and American Agricultural Chemical, which recently ran up on merger news, were weak. 39' U.S. Plywood 57J4 U.S. Rubber 4K4 U.S. Strut K54 United Utilities ' . . . . West Bank Corp MU Westinghouse ' 354 '.Youngslown 1004 i MUTUAL FUNDS Prh-pi until 10 a.m. PDT today Afliliated Fund 8.09 8.76 Atomic Fund 4 76 5 .20 Blue Ridge 1168 12.77 Bullock 13.37 14.65 Chemical Fund 10 99 11.95 Comw. lnv. Diver Growth 8.54 9..T6 Dreyfus 1681 18.37 E & H Stock 13.88 15.00 fidelity Capital 840 9.13 fidelity Trend 13 56 14.74 Fundamental 9 75 I06B F.I.F. 4 33 4 74 Founders Fund fi. 16 6 70 Group Sec Com 13 36 14.63 (,t. Sec Avia El 6 B4 7 50 Hamilton H D A. 4 94 Hamilton C-7 5 06 .153 Jncorp lnv. 7.17 7.84 3CA 10.28 11.23 3nvrstnr' Group ; Intercontinental 8.12 6 62 t Mutual 1140 19 42 t Stock 18 92 20 07 ; Selective 10 45 II 17 ; Variable 6 65 7.19 Keystone B l 25 20 26.30 Keystone S-.1 14 56 15 89 keystone S-4 4 20 4 59 JviiT. 14 64 16 00 5M.I.T. Growth 8 07 8 82 Nat'l lnv. 15 20 16 4.1 Js.it' Sec Div 4 10 4 48 at'l Sec Growth 7 82 8 55 fsat'l Sec Stork 7B8 8 61 J'ulnam Fund 14 99 16 38 Putnam Growth 8 64 9.44 Selected Amcr 0 59 10 37 Shareholders 11.04 12 07 TV Fund 7 44 8 II I lilted Acrum 14 41 15.75 United Canada 18 47 20 08 United Continental 6 84 7 48 I nited Income 12 34 13 49 United Science 6 60 7 21 Value Lines 5 26 5 75 Wellington 14 50 15 80 Whitehall 13 60 14 70 LOCAL KKCURITIKS Prices um II 11:30 a.m. PDT tndnv Bid Asked Pank of America 644 674 T'al Pac Util 23 27 Con Freight 12't 134 Cvprus Mines 22'4 24H Equitable S 4 L 344 3 ist Nat'l Bank 5' '.lanlzen 254 27 Morrison Knutsen Xfit 324 lult Kennels ' ' N.W. Natural Gas 36-4 .184 Oregon Metallurgical 14 14 PGE V PP4L ' 28 VS. Nat l Bank 74 774 Vest Coast Tel 53 4 24S Veyerhaeuscr ' 324 LIVESTOCK Juveniles Flee Home Three juveniles escaped from the Klamath County Juvenile Home, 801 Vandenberg Road, over the weekend and went on a car stealing and burglary spree work ing their way south as far as Eureka, Calif. Two of the teen age juveniles were apprehended by the California Highway Patrol Monday in Eureka. The where abouts of the third boy is unknown. The three youths ran away from the home Saturday night and stole a car owned by Leonard Hudgkins, 1440 Eldorado Avenue. The car was found by police abandoned in Lincoln. Ore. Another car was stolen at Lin coln and driven to Mountain where a third vehicle was taken and driven to Wcavervitle. There, the fourth car was taken and driven to Combo where a tavern grocery store was robbed. The two youths will be held in Trinity County. Calif., on charges of car theft and burglary. KLAMATH FALLS LIVESTOCK AUCTION MARKET May 7 Receipts: Cattle 147; Calves 10. Hogs 10; Sheep 0. Last week: Cattle 363; calves 40: Hogs 24; Sheep 29. Compared last Tuesday, cows with calves steady; supply other classes too small to establish trend. Slaughter Cattle: Cows: Cut ters 4 Utility. 12.60-14.50. Bulls: Cutlers 4 Utility, 18.50- 19.80. Slockers 4 Feeders: Steers Too few to establish market. Heifers: Good. 482 lbs.. 25 80; Good, 770 lbs., 20.10. Steer Calves: Med.-Good, 350- 470 lbs., 25.90-28. Heifer Calves: Too few to es tablish market. Cows: Mcd.-Uood. Pairs, 216-235. Bulls: Breeders. 2 yearling Her efords, 270-337 per head; Long yearling Angus, 205-347 per head Baby Calves: Beef. 41-50 per head. Hogs: U.S. I & 2 narrows 4 Gills, 216-242 lbs.. 15. Reported by Ray O, Petersen, county extension agent. PORTLAND (UPD (USD.V - Livestock: Cattle 250; good - choice steers 23.50-24: mixpd good-choice heif ers 22 50; utility-commercial cow 16-18; cutter-utility dairy bred 15- 15.50 Calves 50; good-choice vealers M-;m. Hogs 2O0. 1 and 2 butchers 15. 50-16. Sheep 50; no early lest. Groins CHICAGO turn-Grain range High Vim Close Wheat May J 10. 2 084 2 OS'i-5 Jul 1 SS'i 1 864 1 87H-4 Sep 1 89H 1 884 1 884-4 Dec 19J4 1924 1934-S Oats May .70 .694 .69V4 Jul .674 .674 .67-4 Sep . 684 .674 674-4 Dec .704 .794 .704 Rr May 1.284 1284 1284 Jul 1284 1 274 1.274 Sep 1284 1274 1274 Dec 1 30 1 294 1.294 Potatoes rotiTLAsn u rn - ruio market: Steady; Ore Russets U S. So 2 3 25-4; sized 2 ot spread S 00-5 50. bakers 4 254 50; bakers U.S. So 2 3 25-3 50. 50 lb tks No 1 I Ou-1 25 Funerols OOUI 14rvki It HHhtn Mn(rl BnOl Will t 4hJ 1A m S4 t. in O Hir . vnoril Clupffl. Inlfrmfnl Ten Tanks Exploded SOMERVILLE. Mass. lUri'-A cluster of chemical storage tanks exploded in a fury of flames I" day when lire swept across a chemical plant. Hundreds of firefighters battled the general alarm blaze at the American Mineral Spirits Co. plant in a thickly Industrial section of this city three miles north of Boston. The wind-fanned fire broke out shortly after 6 a.m. rDT and three hours later was burning fiercely At least one fireman was in jured. The rapid-fire explosion of 10 of 29 small tanks sent flames shoot ing 100 feet into the air and heavy black smoke turned day into night. hampering the fire-fighting opera lions. The smoke could be seen 15 miles away. Cause of the fire was not known immediately. Tlie flames threatened nearby industrial plants and employes in surrounding buildings were rushed In safety. The sprawling chemical plant division ot Pure Oil Co.. was turned into an inferno as flames Iraped from tank to tank and building to building. Alumni Plan For Charter Presentation Paisley Man Dies On May 5 LAKEVIKW - Vernon Edward SManson. 56. Paisley, died May 5 at the I.'ikcvirw Hospital. He was twin Oct. 3. 1906, at Caslaic. Calif , and had been working on the George Elder ranch at Pais ley since 1948. Surviving are a hrotlier. Earl. Paisley, and a brother and (our sisters in California. Graveside services were held at the Paisley Cemetery on Tuesday. May 7. w ith the Rev. Lester Botil den of Lakrvir v officiating. The Wincma Challengers of the Dale Carnegie Alumni Associa tion will receive its charter at a banquet in the Log Cabin at 7:30 p.m. Thursday, Floyd Cunning ham, local alumni president, will preside. The Challengers, an entirely new organization here, joins the many international alumni groups composed of graduates of Dale Carnegie classes. Trained for leadership, its membership is ded icated to participation in commu nity service. AI E. Minato, Grants Pass, gov ernor of Division Three, which includes Oregon, Washington, Alaska and British Columbia, will be here to present the charter. Minato, a graduate of Chiloquin High School, will be remembered for his civic activities in the Chil oquin and Klamath Agency area. He was graduated from the Uni versity of Oregon in 1950. complet ed the Dale Carnegie Course in Grants Pass in 1959 and became charter president of that alumni club. Then in 1962, he was elect ed to his present office. Charlene McNoise will give for the invocation the 23rd Psalm in Indian sign language. William Swcetland will present some possible community chal lenges to a new service club. In addition, there will be brief im promptu and prepared speeches bv club members." A 30-ycar-old Chiloquin man was being transferred from the Oregon State Hospital at Salem to the Klamath County Jail today to ap)ea: in circuit court for a 3:-:Nvj1. M--II - -rrlr PLAYERS WORK ON SET Three members of the KUmarh Civic Theatre work on one of the sets for the group's play, "Light Up The Sky," set for May 17, 18, 24 and 25 at the Pine Grove Room of the Willard Hotel, The play ii come Jy by Moss Hart. Applying paint brush and roller are, from left, Clarke Fairchild, David Wallwork and Bob Matthews. Chiloquin Man Transferred Here For Trial After Suicide Attempts West Oregon Rains Ease PORTLAND lUPD-Hcavy rain which fell on Oregon for two days eased off Tuesday and tributary streams were dropping. Most rainfall reported m Oregon for the 24-hour period ending arly today was .23 of an inch at Portland. Brookincs had only .02 of an inch. The Willamette River was ex pected to crest at Corvallis, Al bany and Salem today, some 3 to 5 feet below flood stage. The crest is exiiecled to reach Oregon City Thursday morning some two leet below flood stage. The Santiam River at Jefferson dropped 2.5 feet and the Willam-i ette was going down at Eugene. The Coquille River also was drop ing after causing minor flooding. trial he has sought to avoid by twice attempting suicide. Sheriff Deputy Del Summers departed from Klamath Falls for the state hospital Tuesday to take into custody Raymond Hoover, who has eluded standing trial for larceny by jumping bail, attempt ing suicide in a Reno jail last February, and again attempting to take his own life in the Klam ath County Jail April 18. Interspersed among the three incidents. Hoover was committed to the state hospital following a Time Changed The time for the evening evan gelistic services at the Lakeside Church of the N'azarene has been changed from 7 p.m. to 7:30 p.m., Wednesday through Saturday. The Sunday evening service will begin at 7 p.m. as announced. pre-trial sanity hearing in Klam ath County Circuit Court and was later returned to the county jail following a psychiatric examina tion at the hospital. A short time later. Hoover slashed his upper arm with a razor blade and was readmitted to the hospital where he remained until today. Last fall, Hoover was indicted by the grand jury for the larceny of an automobile, a; charge to which he pleaded not guilty before Judge David R. Vandenberg. and was released on $3,000 bond. He fled to California before the day scheduled for his trial, but was later apprehended by Reno police and held for sheriff's deputies. It was at that time that he first attempted suicide by slashing his arm, as in the most recent in stance. The time for Hoover's trial is to be set later in circuit court. Leon Pearson Stabbed In Struggle At House Leon Pearson, 37, is in good condition at the Klamath Valley Hospital Wednesday after he was stabbed in the abdomen at about 8:30 a m. Tuesday after an argu-. ment and struggle with Cleo Wil liams, 37. City police list Pear son's and the woman's address as 714 North Third Street. Although three Witnesses, who were in the house at the time. City Budget Group Meets The city budget committee held its organizational meeting last night at city hall and elected Adolph Zamsky chairman. Preliminary discussion was giv en to some phases of the budget, with the next session scheduled for Wednesday evening. Plans call for completion of budget de liberations in time to set a public hearing on it for June 17. In addition to Mayor Robert Voatch and Councilmcn Ladd Hoyt, James Barnes, Chet Hama ker, Lyle Kellstrom and Walter Fleet, the board consists of Zam sky. Oscar Shive, Ed Bell. Rob ert Thompson. Lester Offield and Kaspcr Moty. CITV BRIEFS JACK MEREDITH returned May 5 from a month's visit with his son and family. Staff Sergeant and Mrs. Richard Meredith, in Cape Cod, Mass. While there he was feted with a birthday dinner and shown many points of interest in Boston and Plymouth, Mass., and Rhode Island. Leaving April 6, he traveled round-trip by plane. stated that the pair had been drinking heavily and arguing, no one apparently saw the actual stabbing. . Pearson at the hospital after surgery refused to say a word to police and Miss Williams, who is not being held, said she didn't stab the victim. Statements from witnesses, Lyle Williams and Carl Williams, both from the same North Third Street address, and Isiah Marshall, 5494 Commercial Street, indicated that Cleo Williams Iliad the knife which police are holding as the weapon. Lyle Williams said he saw the pair scuffling and Pearson backed aw'ay bleeding from the abdo men. Marshall said U'oil gave the knife to Cleo Williams and said "cut my throat." He indicated, however, that the woman put the knife back. He went out of the living room, where the incident apparently took place, and then heard from Pearson, You cut me." When Marshall went back into the room he said it looked as if they both were holding the knife. Cigarette Prices Up PORTLAND (UPP - Prices of refiular cigarettes went up one cent per pack and seven cents per carton in many local stores Tuesday. Wholesalers said they had been notified by manufacturers that the wholesale price was being raised seven cents per carton. Qju(c!(ilv LLA MOTHER'S DAY MAY 12 Choos your Mother's Day gifts from a complete selection of fresh, delicious Russell Stover Candies. Assorted Chocolates ... this "Always Favorite" assort ment Is sure to please your favorite Mother. 1 lb. JI.50 2 lbs. 2.95 little Ambassadors . . exquisite mim alure chocolates ... many unusual centers . . . Mather will lave itl 1 lb. $2.00 2 lbs. 4.00 BE A REAL ESTATE SALESMAN Good pay ond plrowinr ork Moit reel titot oMicti can us O good ialfvmon. It VOvj orf now o Reol fcjiot Salomon, why not tturty one h?comf a brokfr. Mor rhon half ot thent bo hjv becom talesmen or brok tri tn th EuQt?n otra in thf past thrt rat hov studtrd with mi Complete court in cluding text materials with pr. wxil instruction 3 weeks S7rt Correspondence course Clarence F. Hyde USI W.IUmtt St. Dl 3-717 1 The Gift Box ... a choice assortment of chocolates and butter bons . . . on elegant gift tor Mother's Day. I'j lbs. 52.25 2U lbs. 3.25 CLEARANCE 9th & Main FREE Ph. TU 2-3475 DELIVERY We don't wont it the price is right if you con use it. DELTA COMPACT DRILL PRESS Complete with Vi HP Ball Bearing Pi 50 Motor. Reg. 79.95 JH DELTA COMPACT 4" JOINTER Complete with i HP Ball Bearing ri 50 Motor. Reg. 79.95 34 K V - HAT RACKS - TIE RACKS - SHOE RACKS PURSE RACK. Reg. to 6.95 .. K V SINGLE HAT RACK Reg. 1.20 4" POLISHING BONNET Reg. 69c PLASTIC TACKLE BOX Reg. 2.78 SABRE SAW ATTACHMENT For 9" MB DeWolt. Reg. 19.95 SKIL PLANE ATTACHMENT For Vi HP Skil Router. Reg. 44.95 MISC. TOOLS PLASTIC HAMMER, DIES, BARS, SQUARES, Etc. Reg. 1.75 U-PC. SOCKET SET Reg. 4.49 SKIL SNAP LOCK JIG SAW Attachment. Fits It" Drill. Reg. 14.95 SKIL SNAP LOCK ORBITAL SANDER Attachment for U" Drill. Reg. 14.95 6" STANLEY GRINDER Reg. 54.95 6" THOR GRINDER Reg. 47.50 GRINDING WHEELS FOR Vi" DRILL Assorted. Reg. 69c METAL & WOOD LEG SETS Reg. to 11.95 17-PC. Vi" SOCKET SET In Metal Box. Reg. 33.85 13-PC. 3 a" SOCKET SET Entra Long Sockets. Reg. 34.58 LEPAGES WHITE GLUE Reg. 29e SKIL SNAP LOCK GRINDER Reg. 14.95 VACUUM FILLERS Odd Sites FIREMITE BLACK FIREPLACE Smoll Sixes 24". Reg. 159.00 PLASTIC GARDEN HOSE Reg. 3.09 Auger Bit Set Reg. 5.49 Kern Glo Gallons, Reg. $9.79 Shake Point, Reg. $6.45 Wood Stains, Qt. 2.20 . 99c 19c 19c T9 6 88 8" 19c 99c 6 88 6 88 24 95 24" 19c J 99 12" 12" 9c 6 88 19c 00 I4' 99e $5.88 $2.88 ... 99e CABINET HARDWARE CLOSEOUTS One Group One Greue On Group Reg to I.3S Rt. to (Sc Ret. to 5c 29c 19c 9c NO. 2 BULK TUBE STEEL WOOL 79e 19e Btfe HARDWARE Wear a Flower In Honor of "Mom mm t.u Iwrx. '55. One of the customs of Mother's Day is to weor a carnation. A colored carnation means that your mother is living - white is worn if one's mother has passed awav. CARNATION . Boutonnieres MEN'S 50c WOMEN'S 1.00 Corsages for Mother Lovely, distinctive ond individually designed to pleose her. Order early so we may give it that personal touch for you. s 2.50 to $ 5.00 4) ROSES CARNATIONS O ORCHIDS Q GARDENIAS O LILY OF THE VALLEY Attention Air Force! Fro deHtni hoo been ichcduled for Folton Heio.hts tor :00 P.M. Mother'i Dor ot ,,.09 A M Wt wtlcomt tfc opportunity to tcrvt you. Al ond Nmo Nybock Free delivery in Klamath Folli, and Convenient off-itreet parking. FLOWERS DO TALK Mi FLOWER FAIR AL and NINE NYBACK Your Satisfaction Guaranteed Open 'til 9:00 Thun. through Sot., ond Mother'i Day 'til 5:00 3614 So. 6th St. TU 4-8188 SEND FLOWERS BY WIRE
