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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 26, 1963)
PACE 4-A Wednesday, June 26, 1963 HERALD AND NEWS, Klamath Falla, Ore. MARKETS and FINANCE Stocks By United Preu International ! Allied Chemical ; Alum Co Am ; American Air Lines American Can American Motors ' A T&T American Tobacco Anaconda Copper Armco American Standard Santa Fe Pfd Bendix Corp Bethlehem Steel Boeing Air Brunswick Caterpillar Corp - Chrysler Corp v Coca Cola I CB S. Columbia Gas Continental Can Crmn Zcllerbach Crucible Steel Curtiss Wright Dow Chemical Du Pont Eastman Kodak Firestone Ford General Electric . General Foods : General Motors i; Genoral Portland Cement Georgia Pacific U Greyhound ;4 Gulf Oil $ Homestake 'j Idaho Power 3 I.B.M. j Int Paper Johns Manville Kennecott Copper Lockheed Aircraft Martin Merck Montana Power Montgomery Ward Nat'l Biscuit ; New York Central Northern Natural Gas Northern Pacific Pac Gas Elec i. Jenney J. C. I; Perm RR Pormanente Cement '. Phillips ; Procter Gamble Radio Corporation Safeway Sears Shell Oil Socony Mobil Oil Southern Co. Southern Pacific Sperry Rand Standard California . Standard Indiana Standard N. J. ? Sun Mines r Texas Co. Texas Gulf Sulfur Texas Pacific Land Trust Thiokol 11 Trans America '". Trans World Air Tri-Contuientai Union Carbide Union Pacific United Aircraft United Air Lines U.S. Plywood U.S. Rubber U.S. Steel United Utilities WesUngliou.se 4'l 65 '.4 18'i 121 28 4i) 54 16H 29 52'4 30 35 15( 43V, C2V, 93'i 58?4 30 474 207i 21 HI 246 35 51 Vt 7!1H 70 20 50 44 I 48',. 33-li 438 30 48 72'4 57 'i 19', 91 37 38 51 41 52 47H 32 42 19'i I6V4 51 '.4 75Mi 6914 57 88 44 '4 67tt 53 37Vh 14 60 67 10 70 14 24 24V4 51 16' 46 102 Mi 4P 46 41U 58'ii 44 48 35 35 WALL STREET NEW YORK (UPII-Widcspread selling hit nearly every section of the stock list today, pushing the market sharply lower on heavy trading. A sizable drop in the Dow Jones industrial average reflected chief ly losses of 1 or more in Allied Chemical, Eastman Kodak, Union Carbide, Woolworth, Du Pont, General Electric, Alcoa. Anacon da, Woolworth and Wcstinghouse. Motors, electronics and chemi cals bore tlie brunt of the selloff. Chrysler, General Motors and Ford dropped more than 1 in the aulos despite news of continuing record car sales. Lukcns, Young-town Sheet, U.S. Steel and Jones & Laughhn paced a lower steel section. IBM spear headed a list of nearly a dozen electronic losers which included Litton. Texas Instruments, Motor ola, RCA, Control Data and Elec tronic Associates. Drugs also were hard hit with Abbott Labs, Bristol- Myers, Car ter Products, Merck and Schering off large fractions to more than a point. Wall Street Chatter NEW YORK (UPII - "It's get ting tougher to find bargains It's even becoming difficult to find stocks which seem reasonably priced, according to the lnvesto graph Sotck Survey. The survey says the unmistak able drop in volume with every retreat of the averages indicates continued strength. "But strength for what? We still expect new highs but it's getting increasingly difficult to justify new commit ments," the survey points out. However, it still does not advise selling as it feels the time is not ripe. Investment adviser Robert T. Allen of Shearson, Hammill & Co., continues to advise near term profit taking and switching into research - recommended issues. However, he says the favorable longtcrm outlook for the econo- my justifies purchases on a larg er scale during periods of correction. Two Thefts, Break-Ins Investigated Two tliefts from cars and two break-ins were investigated by city police Tuesday and it was determined that $155 worth of goods were stolen in the tliefts. Phoebe Foster, 2212 Reclama tion Avenue, told police someone entered her house through rear window Sunday night and took an M l .30 caliber rifle val ued at $90. She said the thief apparently vent through all her papers and played some of licr phonograph records before k'aving. Police have no leads on the identity of the music appreciation thief. Connie Hickey, 1417 Nimitz Strcot, rexr(ed to police that she saw a man in her home while she was walking back from a neighbor's house at 8:25 p.m. Tuesday. Mrs. Ilickcy went back to the neighbor's and called police. When police arrived some neigh borhood children said they saw the man leave the house through the bock door. Nothing was reported missing and the police surmise the man was probably drunk and entered the house by mistake. An air pistol valued at $15 was. reported stolen from an unlocked vehicle owned by Richard Mor gan. Keno, who said his car was parked near the intersection of South Seventh and Main streets between 6:30 and 7 a.m. Tues day. Moruan said he spotted two! men loiterir.j around his car just after he parked. The police have no suspects in the case. Two fishing reels and rods with a total value of about $50 were stolen from a car owned by Paul Dalrymple, 524 High Street, between 2 and 6 p.m. Tuesday while the vehicle was parked on South Seventh Street between Klamath Avenue and Main Street. I tW' PARK'S CONCESSION BUILDING This modern cafeteria and concession building at Howard Prairie Reservoir feeds many thousand tired and hungry fishermen during the season from early spring to late fall. Tro "oasis" is an especially welcome sight around 10 or II a.m. on opening day when there's two feet of snow on the ground and the fish aren't biting. The store is equipped to provide many basic needs and ac cessories for weekend campers and fishermen. Dedication Of Recreation Area To Be Held Saturday Not Guilty Verdict Returned A circuit court jury at Bend has returned a unanimous ver dict of not guilty in favor of William J. Easter, charged with contributing to the delinquen cy of a Klamath Falls girl, the Klamath County District Attor ney's Office has reported. Easter, 1050 California Avenue, was indicted by the K 1 a m a t h County grand jury last spring on two counts of contributing to the delinquency of a minor and on another charge of filing a fraud ulent claim in the amount of $125 with a fire insurance company. Easter pleaded not guilty to all three counts and the cases were transferred to the circuit court at Bend when Judge Lyle Wolff, relieving Circuit Judge David R. Vandenbcrg who was away at the time, granted a request for a change of venue following argu ments by the defendant's attorney and a deputy district attorney. In Bend, Judge Robert H. Fo ley presided at the recent crimin al case which ended the same day that the jury was impaneled. The other two trials will be scheduled sometime next fall, the judge indicated. ft BERT W. SHEPHERD Shepherd Rites Set For the time being. Standard & Poor's looks for continued se lective price movements. "Under lying support is good and long- term positions in recommended issues should be fully maintained, but we would move cautiously in undertaking any new buying, Standard warns. ; MUTUAL FUNDS ; Prices until 10 a.m. PDT today Atomic Fund Blue Ridgo Bullock ' Chemical Fund Colonial Fund ' Comw. Inv. '. Diver Growth Dreyfus Fidelity Trend Fundamental F.I.F. Founders Fund Group Sec Com - Gr Sec Avia El ' Hamilton H.D.A. " Incorp Inv. : ICA Investors' Group J Intercontinental J Mutual ; Stock Seleclixe f Variable : Keystone S I Keystone S-.1 Kevstone S-4 M.I.T. M I T. Growth Nat'l Inv. Nat'l Sec Div Nat'l Sec Growth ' Nat'l Sec Stock Putnam Fund Putnam Growth Shareholders Did 4.82 11.95 13.51 11.27 11.57 9.93 8.81 17.42 14.35 989 4.18 622 I. 1 44 709 (B 7.15 10.54 A. 16 II. 57 1896 10.41 690 22.11 15.16 4.12 1491 8 2.1 15 .17 424 794 799 I. YI8 884 II. 16 Asked 5.27 13.06 14.81 12 25 12.6.1 10.85 9.65 18.93 15.60 10.84 4 80 6.75 14.71 7.78 781 11.52 6.68 12.51 20 50 11.13 7.46 24.12 16.55 4.72 1630 8 99! 16.3.11 463 868 8.72 1 16 59 1 9.661 LIVESTOCK KLAMATH FALLS LIVESTOCK AUCTION MARKET June 25 Receipts: All Cattle 252; Calves, I: Hogs 20; Sheep II. Last week: 208; Calves 75; Hogs 75: Sheep 37. Compared last Tuesday all cat tle classes steady; Hogs steady. Slaughter Cattle: Steers: Stan dard, Holsteln, 1,000 lbs., 20-20.35. Cows: Utility, 13.75-15.90; Can-I ners-Cutters. 9.35-13.60. Bulls: Utility. 17.10-18.90. Calves: Vealers. Good Choice, 220-285 lbs., 25-28. Stockers & Feeders: Steers: Good-Choice, 7.15-890 lbs. short fed, 21.60-22.60; Good, 5! lbs.. 23.70. Heifers: Good-Choice, 565 . 615 lbs.. 22.40-22.85. Steer Calves: Good-Choice. 300- 440 lbs., 27-28.35; Med., 300-535 lbs., 24-25. Heifer -:!" flood Choice. 300-4.10 lbs.. 23.60-23.50. Cows: Med.-Good. 202 5M.15. Baby Calves: 20-45 per head Hogs: U.S. 1 2 Barrows & Gills, 195 Ihs.. 18; Wcaner Pigs 6.50-10 per head. Sheep: Slaughter Ewes, 150-165 lbs., 2.70-3 20. Reported by Bay O. Petersen county extension agent. Clean-Up Days Set Annual clean-up weekend tor Camp Makualla, Modoc Council Boy Scout Camp, will be held Sat urday and Sunday at Crescent Lake. All Scoulers and parents are urged to turn out with hammers saws and other hand tools to help get the camp In order for the coming season. However, the entire weekend will not be spent working, said Dick Lamb, council executive. The scouts' boating equipment will be available (or fishermen-workers arriving early, and fishing has been reported (air to good at Cres cent Lake. Sleeping accommodations w ill be furnished, and meals will be served from Saturday noon through Sunday noon. Scoulers should bring their hand tools, bedding, and fishing equip ment if they wish. Work Saturday and Sunday w ill consist of a general camp clean up, w iring of four cabins, construc tion of two new A-frame cabins. and completion of an additional A-frame. Professional "'eclricians and carpenters have donated their lime lo be on hand lo help direct the work. Howard frame Reservoir, one of Oregon's newest and most pop ular recreation areas will be for mally dedicated Saturday. June 29. Dedication ceremonies will begin at 1 p.m. with introductory remarks by Earl M. Miller, Jack son County judge, and Larry Es- pey, chairman, Jackson County Recreation Commission and presi dent, Oregon County Park Asso ciation. Glenn L. Jackson, chair man, Oregon State Highway Com mission, will act as master of ceremonies for the event. Many dignitaries, including Wil liam I. Palmer, assistant com missioner, U.S. Bureau of Rec lamation, Washington. D.C.; M Boyd Austin, assistant regional director and Thoralf Torkelson, chief, Lands Branch. U.S. Bureau of Reclamation, Region I, Boise. Representatives from other agencies will include Mark Pike and Ed Arnold, U.S. Bureau of Outdoor Recreation, Curt Ncsh- eim. Oregon State Forestry De parlment, and Harold Schick and Dave Talbot. State Recreation Division. Representatives from1 the State Game Commission, State Marine Board, State Park Advisory Committee, U.S. Na tional Park Service. U.S. Foresl Service, Bureau of Land Manage ment; Douglas, Josephine, Klam ath and Siskiyou counties and pri vate organizations will also par ticipate in the event. The unveiling of the dedication plaque will be done by Assistant Commissioner Palmer. Judge Mil ler and Homer Moore. long-time member of the boai-d of directors. Talent Irrigation District. This will be followed by an old-fash ioned family-style picnic in the Howard Prairie Recreation area. The land the lake now covers was originally composed of two prairies known as Griziy Prairie toward the north and Howard Prairie toward the south. These prairies were homesleadcd in the 1880s and for many years served as pastures for horses and cattle and also die harvesting of native I PORTLWD (UPD-USD. - Livestock: Cattle 150; slaughter steers one lot mostly choice 1049 lb 25; feed er steers part load medium till lb Holslein 18 50. Calves 23; slaughter few choice 200-300 lb 26; good-choice 330-.KO lb 24-26. Hogs 150; one hl I and 2 grade ZV lb barrows and gilts 19 50; few 2 and 3 at 240-245 lb 18-18 50 Sheep 350: spring slaughter lambs around 150 head choice- -.Supervised Inv Serv 7 57 United Arcum 14 61 1; United Canada 18 24 United Continental 6 90 7 63 ::lnitcd Income 12.16 1331 United Science 6 79 7 42 Value Luies S.40 5 90 Wellington 14 50 15.81 Whitehall 13 6B 14 7) LOCAL SF.CTniTIKS Prices until 11:30 a.m. I'DT today Rid Asked Bank of America Cal Pac Ulil prime high yielding 20 25; one lot 8J-'iB6 lb at 20. 15 97 1 19 8.1 Con Freight Cyprus Mines . Equitable S & L ; 1st Nat'l Bank j .1 ant en lorrlson Knudsen jMult Kennels I-N.W. Natural Gas (i)regon .Metallurgical htiE rrr&L ' U.S. Nat'l Bank West Coast Tel Weyerhaeuser R.1S 23 10 244 33'4 Kli'i 24' i 3IS 4'a 34'4 I'l 23S 2ti' 77't 234 30t 66i 27. IIS 26 354 70 2S4 3:lS 44 36'4 l' 27' 4 28'. 81 Grains CHICAGO (UPI'-Grain range: High Low Close Wheat Jul 1.R6H I8.V4 I85V4 Sep 1.881, 1.87'. 187',-'. Dec 1 9.1', 1.92 I !BV4 Mar I.M'i I 931, 1.93, Oats Jul .67 .66. .66-', Sep .67H .67'. .67' 4 Div .70 69-H .69'. Rye Jul 1 .26' .264 I 26' 4 Sep 128'. 1.27, 1.27'. Dec 1.3I, 130S 1.30-V'a Potatoes PORTLAND (CPU - Potato market: Steady; Calif. Long Whites 3 00 3 25. some best 3 50 3 55; sired 2 01 spread 4 23-4 50: bakers 3.00- 25H 3 25; U.S. No 2s 2 50-2.75: Round 32'illteds 3 25-3 50; size B 3 75 3.00. Fire Destroys Empty Shed Fire swept through an empty slied at 5726 Harlan Drive about 1:45 this morning and de stroyed tlie building belore fire men arrived at the scene, the Sub urban Fire Department has reported. Firemen were unable lo deter mine the cause of tlie fire. Damp weather at the lime of the (ire probably prevented the (lames from igniting nearby ground cover before firemen arrived, it was said. The shed was approximately 10x16 feet and belonged to Law rence Glenn Gilbert of the Harlan Drive address. Funerals PuWtl ttrvtcn tor John FMnh Sr. Mill M fwtd ThuricMv, jyrt J?. t 1 p m. In th Mdlin Common, ly pri bMn Our(h Mlth Inttrmtnl in trt Vitlm Cmf?rv O'Mair t Mtmril Chftptl In cnrg. SHtPHltO Funtml icfvicrt tew Bfrt Wi'ov D- hf'd will t MK) from trtf th.pt of Wtvd klamaln Funaval Horn Fndly. Jutt 71, t 1 p m. CorKluOirM ifrvlctt Klmln AAtmenJll Par. Eight Named To Agencies SALEM (UPU-A list of eight appointments and reappointments lo state agencies was announced today by tlie governor's ollice. 1-awrencc F. Barber, Portland. was reappointed to the Slate Ma rine board. Charlcton Morehouse of Port land was named to succeed Rob ert Hazen of Portland on the Pub lic Employes Retirement Hoard. and Chalmers L. Jones, Portland, was named to succeed Eugene F Schmidl, Salem, on the same board. Edwin Hoefl. Pendleton, was re appointed lo the Soil Conservation Committee. Wcslev S. Shancr. Astoria, wa reappointed lo the Board of Ex aminers in Watchmaking and Ckx-kmaktng John C. Bovle. Mcdtord. was named to the Hoard of Engineer ing Examiners to succeed Glenn W. Ilolcomb. Corvallis. Dr John Nh!o. Portland suc ceeds Dr. Ralph R. Weiss. Med I ford, on the Naturopathic Hoard o( Examiners. I grasses which grew there. The farm at the northeast corner of the lake was also the post office for the area known as "Lily Glen." which is now the name of the riding stables located at the same site. Howard Prairie Reservoir Proj ect, located approximately 33 miles east of Ashland, and a part of tlie Talent Irrigation Project; was undertaken by the U.S. Bu reau of Reclamation lo provide water for many purposes. The pri mary purpose being for irrigation the Talent irrigation area. which contains 14.000 acres of rich, agricultural land in the Rogue River Valley. Other bene fits include power development. recreation and wildlife preserva tion. The Howard Prairie Project was started in May. 1958, and completed in Ihc fall of 19a9. The dam which crosses Grizzly Creek is a compacted earth and rock-fill type, 105 feel high and 990 feet long at the crest. It backs up a lake of 60.000 acre; feet of water and is 5'i miles long and one mile wide. The elevation when the reservoir is full is 4,526 feet above sea level. The recreation area encompass es 1.904 acres of land which surrounds 2.000 acres of reservoir surface making a total of 3.904 acres. The initial recreational de- vcloment was constructed by the Bureau of Reclamation under the direction of the National Park Service and amounted to an ex penditure of $126,225. On Dec. 30. 1958, the United Stales entered into a 50-year li cense agreement with Jackson County for administration of the area for recreational purposes. Since then, Jackson County has expanded the facilities many times including the installation of a marina ami boat launching facil ities, a concession building and many new picnic and camp sites to accommodate tlie rapidly in creasing number ol rccreationists using the area. Jackson County, under the di rection ol Neil lcdward. Jackson County Park and Recreation Com mission, is making plans for the continued expansion of all facili ties to meet the anticipated in crease in use of all types of outdoor recreation. Original esti mates forecasting use of the area indicated there would be approxi mately 25,000 visitor days each season. A check on the use during the 1961 season revealed that there were over 213.000 visitor days during the season. Cole Riv ers, fishery biologist, made spot checks during the season and es timated that over 600.000 fish were caught in the reservoir in 1961. Present indications are that both records are in danger of being surpassed this year. Basin Boys Selected Three Klamath Basin youths have been selected as officials in one of the 10 mythical cities set up by the Beaver Boys Staters at their conference in Corvallis. Ken Smith, Merrill, was named a councilman for the city of Mc- Loughlin; Dean Guycr, Klamath Falls, was elected marshal of the city of Barlow, and Tom Brown, Malin, was named as a council man of the city of Astor. Some 490 Oregon high school juniors and seniors are attend ing the week-long session at Ore gon State University. Funeral services for Bert Wiley Shepherd, 49, who died June 24, will be held from the chapel of Ward's Klamath Funeral Home at 2 p.m. Friday, June 28. Final rites and interment will be in Klamath Memorial Park. Mr. Shepherd, an employe of Copeland Lumber Company in Klamath Falls, had worked during the day but complained of feeling ill on arrival at home. Death apparently followed a heart at tack. The family home is at 1555 Hope Street. He was a native ol Mckinley, I Ore., in Coos County, born June1 13, 1914. He had lived in this1 area lor 17 years, serving lor about five years as manager of the Tulelake Copeland yard. He also farmed for a time in Tule lake before returning to Klamath Falls. Survivors include the widow. Aileen, this city: a daughter, Bar bara Voylcs of Spain, who is en route home; brothers, Keith of Reedsport, A 1 v i n, Gleneden Beach, Ore.; sisters, Frances Surcamp, Cottage Grove, Lois Shinklc, Edith Shepherd. Reeds port: parents. Mr. and Mrs. Gor don Shepherd, Reedsport. I DA, Aides To Attend Conference District Attorney Dale Crablree and deputies Sam McKeen and Bob Thomas will depart from Klamath Falls tomorrow to attend the two-day attorney general's conference in Salem, Thursday and Friday, according lo Hie dis trict allorney's office. Included on the agenda are new legislation pertaining to duties of district attorneys, handling of nun support cases, and a forum con cerning problems in tlie oflices of district attorneys, among others. The conference will conclude with a dinner, featuring a guest speak er, at a Salem country club. After Thursday, Crabtrec ill be away from his desk until July 22, during which time he will go on vacation and attend a one-week refresher course for prosecuting attorneys, beginning Monday, July in new l orn city. The course is conducted by the Practicing Law Institute and is sanctioned by the American Bar Association. In 1L; Day's lews (Continued from Page 1) We have NEVER fought the French. We have never fought the Rus sians. But Russia is the leader of world communism, w hich is com mitted to DESTROY us. And here is a Frenchman who seems to be committing himself to an effort to DIVIDE THE FREE WORLD thus (possibly) enabling com munism to destroy the Free World. The United States consumes about 16 pounds of coffee per capita annually. Get Your White Levi's, Western Levi's Cords and of Course Regular Levi's at DICK REEDER'S f:. anGEN D get 'em both at Men'i, Boyiweor ,6fh and Main SHIP AND TRAVEL... automated! mil way UNION PACIFIC How To Hold FALSE TEETH More Firmly in Plact Do your fit) ith nnpT tnrt m hrrtua by nUtunim dropping or w,.t. uiiuK wnrn you ft. much or Jim ftnrlhltift a Utilf FAHTKKTH on yttiirplMM ThlMUktillnr non-rU1l powder hold tt ireih roor firmly fttid tnorp com tort ably. 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