:-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
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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
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washes under water like
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spray with sfea"i. Does more
es more fabrics without pre
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'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--
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ran tools cai't
HARDWARE
DOWNSTAIRS
Ph. TU 4 5662
4 '