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. No tummy
oory pMtviMtrorrnllhi tXvn.H
Mir Check put odor- (dentin
brralht Oft PAHTKMH today at
lrug rountra tvorywhtra 1
LEVIS FOR ALL
AT
DREWS Manstore
733 Main and Town & Country
mr, in 1 11 11 11 ii mini mtniMM p M V I
'
IB I
I , i J The cowboys' choice E
I y-ffiJS'W since 1850...
AMERICA'S FINEST JEANS
For more than a century, there's only been one brand of jeans with this slim, snug cut ont brand of
jeans with this super-tough denim, reinforced with Copper Rivets. It's LEVI'S Jeans choice of rroi
'owboys in the arena and on the range. When yott buy blue jeans, get the nil lh ttia-jrct LEVI'S JeansI
look lor (hi lid Tib m tha back pockil
, look lor thi Two Horn Brand leather label ... look lor tha Oilcloth Tickit