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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (May 9, 1963)
:-A mi J. PAGE HERALD AND NEWS, MARKETS and FINANCE Stacks NEW YORK STOCKS By United Presa International Allied Chemical 5l3i Alum Co Am American Air Lines American Can American Motors A $ fc T American Tobacco AnacondaCoppe r Armco American Standard Santa Fe Bcndix Corp Bethlehem Steel Boeing Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola C.B.S. Columbia Gas Continental Can Crown Zellcrbach Crucible Steel Curtis Wright Dow Chemical Du Pont Eastman Kodak Firestone Ford General Electric General Foods General Motors General Portland Cement Georgia Pacific Greyhound Gulf Oil Homestake Idaho Power l.B.M. lilt Paper Johns ManviUe Kennecott Copper Lockheed Aircraft Martin Merck Montana Power Montgomery Ward Nat'l Biscuit New York Central Northern Natural Gas Nortnern Pacific Pac Gas Elec Penn RR Perma Cement Phillips Proctor Gamble Radio Corporation Ricnfield Oil Safeway Sears -Shell Oil Sricony Mobil Oil Southern Co. Southern Pacific Sperry Rand Standard California Standard Indiana Standard N.J. Stokely Van Camp Sun Mines Texas Co. Tcxaa Gulf Sulfur Toxss Pacific Land Trust Tbiokol Trans America Trans World Air Tri-continental Union Carbide Union Pacilic United Aircraft United Air Lines U.S Plywood U 3. Huhber U.S Steel United Utilities Weft Bank Corp Wcstinghousc Youngstown B2 23 44 19 125 21'i 48i 54' 53 311, 37. 15'. 30'j 104!' 93'A 29',i 444. . 54'4 20 2.1 liS 254 116'.. 37'i 494 82 'i 804 1V 42 Vi 43H 45 35 4701a 30 ',i 48 751, 58 20!i 38 38 37 48 18 48 32 15'4 15 5.1 77 B7 45 56 88 434 85 56 34 13 65 !' 66 67 15 63 25 53 15 47 111 39 ! 3D 57 46 50 37 36 MUTUAL FUNDS Prices unlU 10 a.m. PDT today Bid Asked Affiliated Fund 8 13 D.79 Atomic Fund 4.7 5.23 Bh Kidgo II 72 12 81 Burjock XD 13.33 14.62 Chemical Fund 11.08 12.05 Comw. Inv, 9 94 loan Diver Growth 8.59 9.41 Dreyfus 16.9!) 1847 E It H Stock 13.94 15.011 Fidelity Capital 8.48 9 22 Fidelity Trend 1.1 76 14 96 Fundamental 9.81 1075 F.IF. 4.35 476 Founders Fund 8 22 6.77 Group Sec Com 13.43 14 70 Gr Sec Avia El 6 94 7.61 Hamilton H I). A. 4 97 Hamilton C-7 1 09 S.jfi Incorp Inv. 7 22 7.89 1CA 10 34 11.30 Investor's Group Intercontinental 6 16 6 66 Mutual 11.40 12.32 Stock 1856 2006 Selective 10 45 Ill Variable 6 Hi 7.20 Keystone B-l IS iS 26.28 Keystone S3 14 70 16.04 Krvsloim S-4 4 23 4.62 JUT. !' M.I.t. Growth 8 13 8 89 Nat l Inv. 15 27 16.51 Nai l Sec Div 4 12 4.50 Nat l Sec Growth 7.89 8,62 Nafl Sec Slock 7.92 8 66 initnam Fund 15.03 16.43 Putfuim Growth 8.60 9.50 Selected Amcr 9.M 10 45 Shareholders II OS 12.09 TV Fund 7 50 8 17 United Acciim 14.46 15 80 United Canada 18 50 20.11 United Continental 6 88 7 52 I'nilfd Income 12.38 13 53 United Science 6 67 7 29 Value Lines S27 5 76 Wellington 14 56 1587 Whitehall M-M 14 77 Tests Predicted WASHINGTON (UPI - Presi dent Kennedy said today he be lieves." the United States and Run suj will enter another round of nuclear tests if lest ban treaty is ifof negotiated soon in Geneva. If this happens, he said, it would be a "great disaster." Thursday, May 9, Klamath Kalis. Ore. WALL STREET CHATTER (NEW YORK (UPH - Walt Mc Kibhen, editor of lnvestograph Stock Survey, feels that while there is no "general pattern of boom-type enthusiasm." there still is clear evidence of contin ual small improvements. MuKibbt'ii says he finds soiici justification for an advance to the 740-750 level in the Dow-Jones in dustrial average, fie predicts, partly on technical grounds, that the market will swing well above 740 before (ailing to that level again. L.Palmcr of J. W. Sparks 4 Co. believes the market was be ginning to show signs of fatigue last week when trading slowed as prices advanced. Palmer reasons from this that, with the current advance encompassing a period of nine weeks without a suitable correction, it seems possible that a correction might be witnessed. He considers a return to the ns- 700 level, in the Dow-Jones indus trial average as a normal correc tion on the current uptrend. Lawrence Bleiberg of Bache & Co. says the market looks as if it is "building up momentum for the eventual rush to the summit. He sees the current indecisive trend as a resting period and con sidcrs the slow up in volume as an indication that no great down. side pressure has been built up WAU, STRUCT NEW YORK (UPH - Slocks staged a blistering rally today 'ihe advance was extremely widespread with mnsl gains rang ing from fractions to a point. Leading steels, autns, nils and chemicals were higher, paced by Du Pont, and the rail and utility sections also showed firmness. IBM, the market's leading spec. ulau've growth issue, opened late and up 5 points, while Xerox rose around 3 more points to a record high. While gains in most blue chips were fractional dealings in many of them were extremely heavy. LIVESTOCK PORTLAND (UPH (USDAI - Livestock: Not enough cattle, calves, hogs or sheep offered to lest trade. Graini CHICAGO (UPI)-Grain range High I)w Close Wheat May Jul Sep Dec Oats May 2.09 1.88 I 89 1.94 .70 .68 .68 .70 129 1.28 1 2M 1.29- 2.08 1.87 1.88 1.93 .69 .67 .68 .70 2.09- 1.88 1.89- 1.93-1. 94 ."0-.69 .68 .68 .70 Jul Sep Dec Rv May I 227 1.27 1.27 129', I 28 1 28 1.28- 1.29 Jul Sep Dec Potatoes PORTLAND I UPH - Potato market: Steady; Ore Russets U S. No 2 3.25-4; sized 2 oz spread 5 00-5 50; bakers 4 25-4.50; bakers U.S. No 2 3.25-3.50; 50 lb ska No 2 1.00-1.23. LOCAL SIXI'RITIKS Prices until 11:30 a.m. PDT todav Hid Asked 64 67 25 27 12 13 22 24 34 36 66 69 25 27 31 31 4 4 36 38 ! 1 27 28 27 28 74 77 23 24 .! 32 Bank of America Cal Par Util Con Freight Cyprus Mines Equitable S & L 1st Nat l Bank Jantzen Morrison Knutsen Mult Kennels N.W. Natural Gas Ore;on Metallurgical PC.E IM'&L U.S. Nat l Bank West Coast Tel Weyerhaeuser Art Exhibit Scheduled All artists in the city schcxil sys tem will get a chance to show their creative works Friday and Saturday during the tenth annual city school art exhibit hilled this year as Ihe "Fair of Creativity." Several thousand nieces will lie displayed at Pelican Court all day Friday until 10 p m and Irom 9 a m. to 4 p m. Saturday. One of the big features during the snowing will be "live dis plays" as students work on cre ations throughout the court Howard Hall, head of Ihe city school system's art department, said thai several obiectives are kept in mind during ail class instruction. Among them he lists trying to increase Ihe student's rapacity, enrich the student's aes thetic appieciatinn, help him ex plore his aptitudes, huild his art oriented vocabulary and show how art of the past aflrcts that ol the present. Senate Gets Graze Land Loan Bill SALEM i UP! i - Eastern Ore gon ranchers would he able to borrow the money for a $6 million management job on state - owned grazing lands under a bill that passed the House today. The measure went to the Sen ate. Itep. Robert Smith, It-Burns, said it would apply to some 700, 000 acres of slate-owned grazing lands ill Eastern Oregon that are leased out. He said the bill contains a new land management policy" (or Ore gon. The measure contains three steps in land management. First, the land board would be authorized to classify its lands in Eastern Oregon as their best use: urazing, larming, recreation It would designate which tracts should be sold or traded, and which need reseeding. The second phase calls for blocking of slate lands to provide (or better management. The heart of the program if contained in the third step: Auth orization for ranchers who lease Ihe lands to borrow money from the State 1-and Board (or their improvement. Smith said the land board has about $11 million invested bonds and available for properly secured loans. He said loans would bring higher earnings into the common school fund. Oter Items The House passed a hill to pro hibit "unfair practices" against groups of (armcrs that organize to discuss prices for their crops. A resolution was introduced in the Senate by the Senate Com mittee on Education to create an interim committee on education composed of nine members.1 It would operate on a $30,000 budget and report back to the 1965 legislature. Hiker Visits In Klamath (Continued from Page ) Hong Kong, India. Australia, Ethi opia, the Holy Land, Western Europe and Hussia if he can ob tain a visa. Wayne said most people he meets are happy to talk and ex change ideas with him. When he is in a land where he finds it hard in communicate Wayne says he'll pitch in and work and communi cate in this international lan guage. I want a firsthand knowledge of other people. So much you hear these days is distorted hy the time it gels back to America ny way of the press, radio, TV and other news media," Wayne said. Vou have lo learn (mm a trip like this and I hope I can help others lo belter understand Ameri cans ton," he said. As long as he can find slioes. Wayne will keep walking, min gling and exchanging ideas with our neighbors all over the world. Death Takes M. Sheridan I Continued (mm Page 1) the I'eare Memorial adult choir and director of (he youth choir. Slie was active in Ihe Aloha Chapter No. 61, OES. o( which she was (tast worlhy matron: Aloha Past Matrons Club, and was a member of the First Pres byterian Church. Mrs. Sheridan is survived by her husband, Earl, Alaska; three sons. Philip, this city; .1 i m. Kl'HS senior; and Robert, U.S. Army in Korea; mother, Mrs. Myrtle Hawkins. Minnra)xlis. Kan.; brother, Neal Hawkins. Ar lington Heights, 111 , and t w o grandchildren. Funeral arrangements announced by (l llair's ,i! Chapel. mil be Mrmori- Funerals Timms wnrl trv (V ( ami in M tinnn fl.J if Mrwrrj, Calif, May V W'll t Klrt frmn th CKMl Of Wlrfl t Klrnath Funtrai Horn Cririv. Mav IP t I em. CfMHllNtma IfrvKtt LmhvHtf rfTtttwy VtMrdi Klamath F u n I r a I Horn in tnarea My dentures were killing me... I tried all tKt natti ami ivtwdfri and pd Same old trotink Rrxkini and ftltppini mart my moulh aw and made me trntahk Then I tpofce in mr denotl ... he told me ahmtt ( t'SHION. the toll ftowint, rl"tw lhat mold lo Ihe gum. Now I ft) hal I wanl-eniov what I eaf -ami mv ti'nu feel to t"id CI'SHION av wll . . that t ii we ret . . and thai mv relief. MiMiv merirtatrd to heal fum orrnev plfaanl mimv flavor fuardt vor hrfaih Kk oir drutt't for ft ANION ou muM he amned or vou el vour mone hack Long-laiting aupitlr onlr II 49. v ' t 'ki fern : ESSAY WINNERS These County Conservation Essay contest. Left to right, Ruth Emriclc, second place winner; Mary Adair, honorable mention, both are fifth grade students. Patty Johnson, seventh grade, first place winner for her conservation play. Center is Jim Roclcholt, seventh grade teacher at Henley; Viclci Baumgardner, sixth grade, Marian Maxwell, third place winner, also sixth grade, and Betty Bond, fifth grade, first place winner. ' SCIENCE FAIR WINNERS These Henley students gained honors recently at the Klamath County Regional Science Fair at Ferguson School. Left to right are Larry Whitlatch and Dick Fairclo, seventh grade; Leo A. Howe, seventh grade science teacher; Vicki Baumgardner and Dan Murphy, sixth grade students, and Wendy Dean, tifth grade. School Budgets Okayed In Lake County Ballot LAKKVIKW - Unofficial re- turns from the school c led inns on May fi show tlwit all school dis trict of thp county voted to ex ceed tiie 6 per cent limitation on their budgets and also on the rur- al district budget. One exception! the Lakeview district, wherel the vote was postponed to May 13 due to an oversight in publica tion of notice ot the election. I Figures from the office of Mrs. I Anns Jiprague. county school su perintendent, show the individual district results as follows: I'nion. 30 yes, 7 no. Kverett Becraft elected director; likeview. Wes ley Dollarhide reelected director: 'aisley. 47 yes, 24 no; John Branch, director. Silver lake, 33 yes, ft no. Krank Pitcher, director; Plush, 17 yes. Hoy Anderson, director; Adel. l! yes, 1 no. Don Rohm son, director; Fort Hock. 11 yes, 0 no, Virginia Morehouse, direc tor; Ana Hiver, IS yes. 1 no. Krnest Shufficld. director; New Idaho, 12 yes, .1 no, Frank .laska. director; Vernon. .10 yes, 2 nnj Lyle Carrett. director. In the rural district vole Lew Potts Seeks Senate Post S L F. M H pi Sen K. D "Debbs" Potts, IM.rants Pass, anoumed tod.iy he was a can didate for Senate pirMdent in WHS. Potts, .Vt. was first elected to the Senate in He is a fornvr mayor of (Jrantsi Pass. I BIBLE TRUTH CRUSADE Evangelist Julius Jepson Sacramento, Calif. PREACHING "Unsearchable Riches" Friday Saturday Sunday May 10 . 12 7:30 Nightly EVERYONE VICTORY 1909 Homedole Road Henley students recently W. Harris of Lakevicw received 223 votes and George K. Carlon of Summer Lake 203 for board mem ber at large. Tom Rrattain was elected in Zone 1, which includes Paisley, and Hazel Ward was elected in Zone 4, which includes Silver 1-ake, Fort Rock, and Ana Hiver. In the rural district vote tn ex ceed the 6 per cent limitation the vote hy districts was as follows: Union, 28 yes. 8 no; Lakeview.i 145 yes, 35 no; Paisley. 4 yes, 23 no; Silver 1-ake, 32 yes, 12 no; Plush, IS yes, 7 no; Adel. 17 yes 2 no; Fort Hock. 9 yes. 2 no; Ana Hiver. 11 yes. 4 no; New Idaho. 12 yes, 2 no; Vernon. 2H yes, 4 no. Totals show 343 yes. and 101 no. Convention Set KIKIRNK H'PI - The annual Oregon Klks convention will be held here -May IB-ID. Some 2.500 persons are expected. Rain Lessens BliOOKINC.S. Ore. 't'PP -Brookings, which had more than 10 indies or r.iin in (ho 48 hours up to 4 a m. Tuoiliiy, had only .02 of an inch in the 24-hour peri od follouinc that. WELCOME TEMPLE Siloi H. Jenei, Pastor 0 won honors in the Klamath Restaurant Cash Stolen The Klamath Kails police re ported the theft of a large sum of money in a burglary at .Mola tore's Restaurant, MO Main Street early Wednesday morning. Investigating patrolmen found no clues at the scene and have no suspects in the case. Police indicate a basement win dow was kicked out and said the thief apparently went directly to the cash drawer alter entering through the window. Cliif Molatore. 851 Pacific Ter race, said the theft was discov ered shortly alter the restaurant was opened Wednesday morning. LAST 2 DAYS ENDS SAT. pr&riascdiri loViitestone wre SAL WIDE SELECTION OF BEAUTIFUL PAT TERNS IN STURDY EVERYDAY EARTH ENWARE BY THE MOST FAMOUS NAME IN DINNERWARE FRANCISCAN! 24 piece beginner Set for Eight Includes: 8 Dinners, 8 Cups, 8 Saucers An excellent buffet service! Cloud Nm. $1595 Open S rot It Value 2S.20 Plus 20 ALL OPEN 528 Mom TFX Probers WASHINGTON i UP1 1 General Dynamics Corp. told Senate in vestigators today that it paid fees totaling MOO.OOO to a New York law firm before and since Rosweil L. Gilpatric left the company to become deputy defense secretary. Roger Harris, vice president and chief counsel (or General Dyna mics, gave the information to the Senate investigations subcommitee which has been looking into award by the Pentagon on a fat con- (tract fur the TKX plane to Gen eral Dynamics. Reports crup)cd up previously of pavments by General Dynamn to Gilpatric's former law firm and the deputy secretary issued a statement denying any relation between his previous legal work for General Dynamics and the TFX contract award. Defense Sec retary Robert S. McNamara back ed him up. The disclosures on Ihe General Dynamics payments to the lirm of Cravat. General Dynamics of cials resumed their defense of their TFX plane, selected over a competing design of the Booing Co. Say Plane Superior Frank W. Davis, president of General Dynamics' Fort Worth division, said his company's ver sion shapes up as faster, cheaper and able to hit more targets than Boeing's. According to Harris, General Dynamics paid $126.0(10 to the law firm in 1958-fiO hefore Gilpatric Angels For Republicans Look Over Candidates WASHINGTON (UPI) -The Republican party's most generous financial angels take a look to night at some but not all of Ihe GOP's 1964 presidential material. The guests, who each paid at least $1,000 for "subscriptions" to the Republican Senatorial Cam paign Committee, will attend a dinner in honor ot Sen. Barry Gotdwater of Arizona. More than 400 "subscribers" are expected, enabling the party treasury to gross more than $400, 000. Goldwater is being honored for his service as chairman of the Campaign Committee, from which Senate GOP rules compelled him to retire last January. However. he also is the candidate of the party's conservative wing for the presidential nomination. Another guest who is getting much Republican attention is Gov George Romney of Michigan. He is viewed as a possihle presiden tial choice hy anti-Goldwatcr Re publicans in case Gov. Nelson A Rockefeller of New York (alters. Rockefeller was one of eight GOP governor who had aceptcd an invitation to the allair and was billed as a speaker. Alter his re marriage last weekend, he cancel led and flew to Venezuela (or his honeymoon. Uncertainty about public reac tion to Rockefeller's remarriage heightened interest in the. affair. the first major get-together this year of Republicans Irom through out the country. Gov. William W. Scranlon ol Pennsylvania, who is regarded among presidential possibilities, is another absentee Irom the dinner. ROCK! Crushed Dram Rock Sand Fill Dirt Fr Eitimotet BASIN ROCK CO. litis (irv Tl' l-Witi mr 11 7 Decorated Partemi :21 95 Open S toe It Value 35.60 OFF ON STOCK! HARDWARE DOWNSTAIRS Ph. TU 4 5662 Uncover Fat Legal Fee left to become Ihe Pentagon's No. 2 civilian official. Payments in those years were "largely" for the services of Gilpatric. a friend of former Army Secretary Frank Pace and then General Dynamics president. Harris said. Since January, ISM. when Gil patric turned the General Dyna mics account over to Morris T. Moore, the law firm has been paid fees of $14.1,00(1 and has been billed for fees totaling $31,000 lor the first quarter of the present year, Harris said. Smaller sums were paid for expenses in addi tion to the fees, he said. Harris gave Ihe summary of the legal payments in reply to ques tions by Sen. Carl T. Curtis, R Neb., who recalled Ulat Gilpatric told the subcommittee he had worked as an attorney for both the final bidders m the TFX com petition. Hoeing Paid Expenses Curtis said Boeing has since ad vised the committee that Gilpat ric did no legal work for it bul was paid expenses for serving as a witness under subpena. In his testimony, Davis, head of the General Dynamics plant where the TFX will be built, said his company's version of the mul ti-purpose fighter plane would pro vide more combat ellectiveness per dollar" than the rival Boeing proposal. Davis, in charge ot TFX pro duction, told the committee the Genera Dynamics version "is a The toastmaster will be Sen. Thruston B. Morton of Ken tucky, new chairman of the cam paign Committee and a man men tioned by some Republicans as a darkhorse possibility for the nom ination. Those hooked (or brief speeches include GOP congressional lead ers, the chairmen of the three Re publican national committees. Romney and Gov. Robert Smylie of Idaho. Bell's Hardware SAY IT PRESTO COFFEEMAKER Gleaming stainless steel never needs polishing washes under water like a riinl AiiIa. matic, no con- $ 1ft 88 $18' trois to set. NEW PRESTO SPRAY-STEAM spray with sfea"i. Does more es more fabrics without pre dampening than any other. .1 PRtSTO ELECTRIC PRESSURE COOKER Coohs 3 to 10 times . faster., automatically! ! '10" X v VI J, A PRESTO Com 'th con 528 Main superior weapons system, will cost less tn produce in the planned quantities and better meets the requirements of tile secretary of defense." Using existing bases and actual targets around the world, Davis said, his company's plane could reach 19 per cent more targets in Europe and 14.5 per cent more in Asia than Boeing's model. The General Dynamics plane is better designed (or supersonic speeds, he said. It has a smaller frontal area to minimize "wave drag" which, he said, was the "guts of the whole design prob lem. . . " Davis added that his company "will make a reasonable profit," with its design. In testimony Wednesday, Davis joined with the head of General Dynamics in opposing the sug gestion that each company build a version of its plane, then have them compete to prove which is best. Lewis said that "to interfere with the momentum of the exist ing program would be wasteful of the work already accomplished and would delay significantly the operational dale of the TFX." Timms Funeral Scheduled Here Funeral services for the Rev. Mrs. Caroline Marie Timms, who died May 3 in Hayward, Calif., will be held at 2 p.m. on Friday, May 10. from Ward's Klamath Fu neral Home. The services w-ere originally to be held in the Unit ed Holy Church of America. Graveside services will follow at the Linkville Cemetery. BEE HIVE AUTO LEASE Kt Klimilh vr. I'h. 2-AMI NEW HOURS: 8:00 A.M. - 5:30 P.M. .Man. Ihi-N l-'rl. ('Icd Mat. A Hun. Downstairs Store WITH IRON first iron to r bo fabrics without pre fc -W I I PRESTO HAIR DRYER 'walk 'n var . Ihanm to !' '"' shushed r fia motor. 0 "XV-- EAST-CLEAN f RV PAN ran tools cai't HARDWARE DOWNSTAIRS Ph. TU 4 5662 4 '
