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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 5, 1963)
PAGE 4 A ' Wednesday, June S, 1963 HERALD AND NEWS, Klamath FaJll, Ore. MARKETS and FINANCE Stocks NEW YORK STOCKS By United Press International Allied Chemical 49tt Alum Co Am 66M1 : American Air Lines 24H ' American Can 46 ; American Motors 20 AT&T 122?a Jvtmorican Tobacco 30tt '. itnaconda Copper 52 'A !rmco WH " American Standard Santa Fe Pfd 29K Bendix Corp 52 Bethlehem Steel 31 ;:;Boeing Air 37V. : -Brunswick 151 Caterpillar Corp 46'A i"hrysler Corp 684 '.-i.B.S. 57 .';:Columbia Gas 30 r-Xontincnlal Can 48 Xrown ZcJlerbach XD 54 - Crucible Steel 2 Curtiss Wrieht 21H Dow Chemical 63 Du Pont 247 Eastman Kodak H3" ' ' Firestone 35 :;.J-ord 52!i L-iGeneral Electric 82 3Gencral Foods UK General Motors 72 J::Heneral Portland Cement .'Georgia Pacific . Greyhound 42V4 Gulf Oil 44 : Homestake 47'A ; I.B.M. 470 '. ;Int Paper ;Johns Manvillc 50 Kennecott Copper 75V4 Lockheed Aircraft 54V t -Martin Merck XD ; -Montana Power 3814 ;Montgomery Ward 3714 Nat'l Biscuit 47 .Proctor Gamble 7614 Radio Corporation 71 'i Richfield Oil 43'4 . Safeway 58 Scars 89 : -Shell Oil 42 Socony Mobil Oil 6614 .Southern Pacific 3514 Sperry Rand 14 ' Standard California 641 Standard Indiana 5914 Standard N. J. 67Vi Stokoly Van Camp Sun Mines 1114 . Texas Co. 67V4 ; Texas Gulf Sulfur 15 ; Texas Pacific Land Trust ; Thiokol 2514 ; Trans America 51 ; Trans World Air 18 Tri-ConUnental 47 Union Carbide 11014 Union Pacific XD 41' United Aircraft United Air Lines 41 U.S. Plywood S9 U.S. Rubber 46 United Utilities 37 West Bank Corp Westinghouse 38 Youngstown .... WALL STREET CHATTER NEW YORK (UPD-Colby & Co. notes that nearly all reliable technical indicators arc following a bullish trend. The firm feels that the two most important stock groups, from a technical standpoint, the indus trials and tie rails, have been confirming the action of each oth-j er consistently, and it considers this a good indication that market performance will be excellent. Lawrence Bleibcrg of Bache & Co. believes selectivity is the key note to profitable investing at this state of the market. Thomson & MeXinnon says in vestor confidence is being sup ported by "increasing proof that supply can be readily absorbed despite skepticism over the mar ket being near its all-time high only a year after the collapse New Law Revoke's Klamath County's Exclusion From Reorganization WALL STREET NEW YORK (UPI) Stocks drove to within striking distance of the record high set in Decern ber, 1961, then turned mixed on profit taking which hit in the final hour. Du Pont tumbled more than 2 In a narrow chemical section but Chrysler scored a modest gain in the motors. Steels were narrow. Standard of Jersey scored a point-sized gain in an otherwise narrow international oil group. Electronics were volatile, rising sharply early in the session and retreating on profit taking toward the close. MUTUAL FUNDS Prices until 10 a.m. PDT today Bid Asked LIVESTOCK KLAMATH FALLS LIVESTOCK AUCTION MARKET June 4, 1963 Receipts: All cattle 255. Calves 70. Hogs 35. Sheep 0. Compared last Tuesday slaugh ter coww weaker to .50 lower; other cattle classes & hogs steady. Slaughter cattle: Steers: Stand ard, 750-800 lbs., 20.10-20.50. Cows: Utility, 14.00-15.40; Can- ncrs-Cutters, 9.10-13.80. Bulls: Utility 4 Cmcl., 18.50- 19.20; Calves: Vealcr 23.10. - Stockers & Feeders: Steers: Good-Choice 49010 lbs., 26.20-26.. 50; Good 700-850 lbs., 20.00-20.50. Heifers: Good-Choice 566-707 lbs 21.10-22.80. Steer Calves: Too few to estab lish market. Hciier Calves: Med, Good 380-4(6 lbs., 23.10-24.60. Cows: 30 Medium-Good pairs, 199-230. Baby Calves: Bee f-dairy (Tosses, 27.50-41.00 per head Hoes: U.S. 1 & 2 Barrows & Gilts. 220 lbs., 17.10; Sows, light. 0.00-16.00; Wcancr Pigs, 6.50-11 per head. Reported by Ray O. Petersen, county extension agent. Affiliated Fund Atomic Fund Blue Ridge Bullock Chemical Fund Colonial Fund Comw. Inv. , Diver Growth Dreyfus K & 11 Stork Fidelity Capital Fidelity Trend Fundamental F.I.F. Founders Fund Group Sec Com Gr Sec Avia El Hamilton II D A. Hamilton C-7 Incorp Inv. : ICA ' Investors' Group : Intercontinental Mutual Stock Selective Variable Keystone S-I Keystone S-3 Kevstone S-4 M.i.T. Nat l Inv. I Nrtt'l Sec Div : N'.it'l Sec Growth . Nat'l Sec Stock Putnam Fund Putnam Growth Selected Amer Shareholders TV Fund United Accum United Canada United Continental United Income United Science Value Lines Wellington Whitehall 8.26 4.90 12.10 13.67 11.33 11.65 881 17 63 14.08 8.79 14 41 9.89 442 6.31 13 SO 7.19 5 17 728 10.60 684 11.57 1889 10.38 6.91 24.71 15.29 4.34 15 63 4 36 7.99 8.06 IS 12 887 987 11.17 767 146.1 18 64 696 13.49 684 1456 1.1.77 What is Senate Bill 287, relat ing to school districts, and what does it mean to Klamath Coun- ty during this period of grave school problems and heated de bates over reorganization proposals? Probably the most important as pect of the recently passed bill (May 13) is the fact that the new legislation repeals the 1961 provi sion that excluded Klamath Coun ty from the state reorganization law. Now Klamath County for the first time can reorganize its school districts any way it wishes. subject to approval by the coun ty board and the state board of education. When asked to comment on the new law, school superintendents Ray Hunsaker, city, and Cliff Robinson, county, both agreed the law was a good vehicle for reor ganization and simplified the pro cess. "The new law is a good instru ment for reorganization and it makes it possible for the school district boundaries to be drawn anywhere they're needed." Hun saker said. George Under the new law there islAshland. More specifically, Robinson said, "we now have the legal ma chinery to re-examine the posst bility of a two-district setup." The three school boards in their joint meetings over the past few months came closest to agree ment over a two-district plan, but were stymied when they couldn't agree on a system of equalization Boh 50-50 and 60-40 equalization were proposed and it seemed at one point that the boards were close to agreement on 60-40 equal-. ization, but when it came to a vole it was defeated. Under tlie new law if Klamath County were to reorganize into two separate school districts 1-12 the rural school law would auto matically be effective and equali zation would be built in, Hunsak er feels. The operating budgets of the G.W. Huffman Dies Tuesday William Huffman, 46, a native of Klamath also a provision that gives the County, died in Ashland at the county a choice in the number of directors desired for the school board or boards," the superintend ent continued. The county superintendent. speaking in part (or his school board members who have been outspoken critics of the single dis trict reorganization proposal, said that the new law "now gives the people in the area an opportunity to resuidy reorganization and boundary realignment Dairy Princess Dinner Saturday Tlie public is Invited to attend the coronation dinner for the 1963 dairy princess at Rcames Golf, and Country Club, Saturday night, June 8, at 8 p.m. The dinner will honor all prin cess contestants, Joan Lee, Bo nanza; Nancy Wenz, Klamath Falls, and Cathy Ross, Chiloquin. Judges will make their final de cision and the new princess to represent Klamath County in state competition will be crowned. For reservations call TU 2-3921 or Merrill 798-5849. home of his mother about 1:30 a.m. Juno 4. Death apparently fol lowed a heart attack. He had gone with his family to spend tlie weekend with his moth' Mrs Blanche Ilullman, 137 North Main Street. He had been employed at Diamond Lake for three weeks. Mr. Huffman was a native of Klamath Falls, born Oct. 28, 1916. He attended school in Klamath Falls until moving to Ashland with his family in 1924. Funeral services will be t riday. June 7. Anyone interested in the time, to be announced later, may call Don Philpott, Bonanza 2188. Survivors include the widow. Thea, Ashland; a son. Clyde E., U.S. Navy; two daughters, Mrs. Celeste Hutchison, Washing ton, Mrs. Ronelle Stinson, Eagle Point, Ore.; two brothers, Don C. of Las Vegas, Ncv., Glenn E. of Bonanza: four granddaughters; three stepchildren and three step- grandchildren. Obituaries TURNER Glenn F. Turner, At, died In lakevlew June J. Survived by widow, Ann! torn. .eoroe Turner and Glenn Ivrner daughters, H.ttle Mellfer, ell of Leke- r. Ruby Arnold, Med'ord. Funeral service, will be held Thuridev of 2 p m. In the Ousley-Osfermen Chanel. Lake- view, ore. inlerment Sunset Perk. Grass Fire Suburban firemen extinguished a grass fire that burned along tlie road near the Metier Broth ers Company, 3121 Crosby Street, about I p.m., Tuesday, the Suburban fire Department has reported. The fire was eon- fined to a strip along tile road right-of-way. There was no dam age. two separate districts would be combined under the rural school law and half of the budget total would be levied county-wide. The oilier half would be levied within the separate districts along with capital outlays. Tlie new law also facilitates minor boundary changes in that the county court acting as a school "committee" could make! these minor boundary changes without a vote of the people in volved. Tlie people involved in the! boundary change would have a chance to remonstrate if they felt the change wasn't suitable and the remonstrance would lie reviewed by the state board. In the event of major reorgan ization, a vote of the people would be required before the change could be effected, Hunsaker felt. The reorganization plan would have to be approved by the state board and the county court before it was referred to the people for a vote. Robinson said he didn't feel the rural school law would auto matically become effective in the county district if the school dis tricts were reorganized under the new law. He also said he wasn t sure that a vote of the people would be needed for major reor ganization. "Tlie new provisions under Sen ate Bill 287 arc complicated and require qualified legal inlerpicla-i lion," Robinson said. Neuberger Bill Asks Relief Of Lumber Imports WASHINGTON (UPD - Sen. Maurine B. Neuberger. D-Ore., called Tuesday for changes in U.S. shipping laws to help cut back a record flow of Canadian softwood lumber to U. S. Atlantic Coast markets. Mrs. Neuberger told tlie Senate that reductions in foreign charter shipping rates carrying British Columbia lumber had given Ca nadian lumbermen an added edge wcr U.S. lumbermen. U.S. lumber mills which send their product to the East Coast by sea must use American-flag vessels because of U.S. merchant marine laws. Mrs. Neuberger said U.S. rates had remained un changed while foreign charter rates had dropped. Mrs. Neuberger has introduced a bill to allow West Coast lum bermen to use foreign vessels for shipments to the East Coast. A similar bill died without coming to a vote in tlie last Congress. Annual June Dairy Tour Thursday Tlw annual June dairv tuur and judging contest, sponsored by the Klamath Dairyman s Association, is scheduled for Thursday. June 6. The field trip will start at 10 a.m. at the Joe Bair dairy ranch. '9743 Spring Lake Road. Anyone interested may enter the competi tion. Four-H clubs will participate also. Tlu tnnr will on to the Rav Hob- knn ilairv at Merrill lor a free lunch and continued competition. A trophy will be provided (or the high scoring individual in the senior, intermediate and junior age groups and for the highest scoring 4-H club. TlMirv nrinrpss contestants. Nan cy Wenz, Klamath Falls; Cathy Ross, Chiloquin, ana Jean Lee, Bonanza, will be present. The public is invited. OTI Student Given Award Ted Slagner, vice president of the Oregon Tech student body, was awarded the coveted Owens Citizenship Award at the first an nual awards convocation held in the campus theater Thursday, June 3. Stagner, a 1957 graduate of KUHS, spent four years in the Air Force prior to entering Oregon Tech. Besides being vice president of ASB, he has been editor of the "Milcr," a member of Phi Theta Kappa honorary society, and stu dent council representative. Tlie Owens Citizenship Award, donated by Rose and J. V e r n Owens, is intended for that stu dent who. in the opinion of the faculty, has made outstanding contributions to Oregon Technical Institute. This is exemplified by his high moral standards, his par ticipation in school affairs, his in terest in the betterment of the student body standards, a coop erative attitude toward the faculty and his fellow students, and a spirit of adventure in his academ ic activities. Stagner. who will graduate in Electronics Technology on June 7, lias been employed by the Min neapolis-Honeywell Company and. alter attending a six-month school in Boston, will be assigned to a permanent location as a customer engineer to work with Honeywell computers. Stagner, who is mar ried and has two prc-school age children, is the son of Mr. and Mrs. II. M. Stagner, 3053 Emerald Street. Hoagland Resigns From Commission A pioneer member of the Klam ath Falls Planning Commission who is observing the benefits that his efforts as a planning commis sioner have contributed to t h e city completed his 13th year on the commission Monday and has declined to be reappointed to tlie post. He is Fred Hoagland, who has served with the commission since it became established by city or dinance on Jan. 1, 1950, includ ing the two-year period from July. I960, through July, 19G2, when lie was chairman. Hoagland declined to continue serving as a commissioner in or der to devote more time to his 'real estate interests and personal allairs. He has been succeeded by Sam Ritchey, district manager of the Pacific Power and Light Com pany, whose appointment to the commission became elective Monday, when it was approved by Mayor Robert Veatch and the city council upon the recommen dation of the planning commis sion. The post marks the third time !''' N . r - ' I'-. - ,:v FREO HOAGLAND i wi i ii ii i 1 "3 that Ritchey has been called to serve the city on one of its vari ous committees. About 30 years ago. Ritchey was named to the Traffic Safety il then sponsored by the state, and continued to serve that srouo after it was transierrea io the city and became known as the Traffic Satety Lommuiec, He served as a member of the committee for approximately 20 years before resigning to devote his spare time to another city project. That assignment was as a member of the Charter Amend ment Study Committee for a manager type of city govern ment, which has since been es tablished in this city. He was born in a mining camp near Missoula, Mont., and grad uated from high school there be- Special Awards Given Oregon Tech Students (ore enrolling at tlie University of Montana and later the University of Oregon. He received a bache lor of science degree from the latter university and several years later went to work as an estimating engineer for Copco in the Medford office. Soon after, he was transferred to Klamath Falls and has remained here since that time. Ritchey and Ins wife, Lois, reside at 201 Jefferson Street. They are the parents of three sons, including Alan, a freshman at Oregon State University, and Martin and Brian, students at Klamath Union High School. Hoagland, a one-time general manager of Fluhrer's Bakery, was instrumental in rczoning that part of Klamath Falls which will include tlie proposed Presbyteri an Intercommunity Hospital and the new building for tlie Oregon Technical Institute. As Ritchey, Hoagland came to Klamath Falls from Medford and has resided here since 1935. He and his wife, Eleanor, live at 2026 Portland Street. They have two daughters, including Mrs. who graduated Tuesday from Klam ath Union High School. Sixteen special awards were.Merland Phelps and Alice, presented to Oregon Tech stu dents and groups at the first an nual awards convocation. Dr. Pur vine presented the President's Cup to T. J. Goodman who re ceived the trophy lor nis son. Charles, who completed his Ore-j gon Tech program in DccemDor and is presently employed by In ternational Business Machines Corporation in San Jose, Calif. J. Vern Owens presented the Owens Citizenship Award trophy to Ted Stagner, who is a native ot Klamath Falls and a 1957 KUHS graduate. The Great Teacher: Award was presented to Profes sor Robert DcRosier by Dean Paul Meier. The Donald Orrell Elec tronics Achievement Award was presented to Lee Strahan by Don-i aid Orell. O. K. McCart presented tlie Outstanding Diesel Student Award to William Kramer and Grant Bailey presented the Mor rison, Stone and Bailey Automo tive Award to David Thun. Gene Culver presented the Culver ward to the housing group main taining the highest grade point average. Other group awards went to tlie ' baseball, track and golf teams, the rally squad, the winning in- Mdiiiuiui ii-dius ttitu uic udiiu. COURT ACTIONS am.vi awaras were presentee oy Kiam Sector nd implement co Dean R. W. Bingham. Dr. Pur-U" Oregon Coro. v!. lavlna Henry. vine presented the honor cords to Bid Okayed WASHINGTON (UPD- Tile In terior Department has awarded a $141,408 contract to Roy Berg, Portland, for construction of three residential duplex units at Crater Lake National Park, Sens. Wayne Morse and Maurine Neuberger, D-Orc., announced today. Requiem Mass A Requiem Mass will be of fered for the repose of the soul of Pope John XXIII on Thurs day morning at 8 o'clock in tlie Sacred Heart Catholic Church, Eighth and High streets. On The Record MARRIAGE LICENSES nuid e. Bollmaer, 36, end Georgia J. Mill, 20, both Klamath Falls. DIVORCE ACTIONS RAMSEY Franclf O. vs. Heten M WORCH Jean Evelyn vs. William John. members of the Phi Theta Kappa honorary society. SAM RITCHEY in 'mi iiiTf Vffi iiw DON'T BUY A NEW TV PICTUBE Until You Check With Billy Golden TV Phone 2-1 2S9 Merrill. Matin, Thnrf. Ronanta Every ether To-. 893 5.35 13.14 14.99 12.32 12.73 9 0S I 19.16; 1522 9.55 15.6H' 1084 4 82 14.00 7.88 . 9.53 7.96 11.58 85 1251 20 53 11.10 7.47 25 84 WW 4.74 16.89 4.6ti 873 881 18.52, 9 60! 10.87 12 31 8.38 15 95 20 28 7.61 13.85 7.48 15.87 1489 PORTLAND tUPIl (USDA) - Livestock: Cattle 150: few good-low choice steers 22-23.23; utility cows 13- 15.50; canner-cuttcr 11-14.50. Calves 25; (ew choice vealers 26-27; medium-low good stock steer calves 250-270 lb 25-26. Hogs 150; barrows and gilts 1 and 2 grade 190-240 lb 18.50-18.75. mbicd 2 and a grade 200-235 lb 18. Slieep 200; dwicc-primc spring slaughter lambs 22. Potatoes PORTLAND (UPD - Potato market: Steady: Ore Russets S.1S 3 40 some best 4 25 4.50: sized 2 oz spread 5 25-5.50; bakers 5 00-5 25, cms 50 lb sized 2 ot spread 2 75-3.00. Dairy Products PORTLAND (UPD - Dairy market: F.ggs To retailers: AA extts large S(M2c; AA large 37-40c; A large 36-39e: AA medium 30-35c; AA small 23 29c; cartons l-3c hisher. Butter To retailers: AA ind A prints 66c; cartons 3c higlier; B prtnU 86c. Grains CHICAGO (UPIl Grain range: High Low Close Wheal Jul 18.V, l.BS IftVa Sep 187 l.as-'t 187 Dee I92S 1.91i 192'tl!i2 Mar 193 192 HO, (tali Jul jBr! .66' Jgftlt Sep 67. .67't .67'a Dec .70i .70 .70 Rye Jul l.2fi I.W. 12tii Sep 1 27'. I 2fi'i 1 27i Dec lao'i 12', i.w i CHICAGO tUPli-Cash gram: Wheat 2 red 2.10N. Corn 1 yellow 1.28; 2 yellow I 28 3 yellow 1.24'; 4ycllpw .23i- 1.25: sample grade yellow .05. Oats 1 heavy mixed .71'i; I extra heavy mixed .72 a : 1 extra heavy white .TS'a; 2 extra heavy wttite .72' i ; 3 extra heavy white .71'.. Rye 2 plump 1.2!. Bailey malting 1.23-I.34N; feed .98-1 OtiN. Soybeans 1 yellow 2 82'-; 2 yel low 2 82' j, track Chicago. Stocks LOCAL SK.Cl R1TIKS Prior until 11:30 a.m. PUT today Hid Atkrd Hank of America 6 Cal Par Util ! Con Freight Cyprus Mines Equitable SAL 1st Nat l Bank Jantzen Morrison Knudscn Mult Kennels N.W. Natural Gas Orenon Metallurgical PGE IT&L U.S. Nat l Batik West Coast Tel Weyerhaeuser l.Tl 24'. 32 '. 7' 28'4 31'. i 36 S l' 26. 26H 78. 24'i 32' 6H 29' i 14 2i' 34 TO-'. 2S. 3.1' 4' 38S IS 28' 2S' 82'. S4' p - iliOk ill :y .Lm i if A 'f-Vi M3k V j nk ill .. a i i v ii ri mm .v ci 14.98 Live the Good and Easy Life of DACR0N If0 ws 5 cheers (or ht Docron Polytster dresses (hot hov, the ook on(J fcc, tin. trcp. or lovely silky totton k.cp fheir pleat, forever ond practically take cart or themselves. 95
