Herald and news. (Klamath Falls, Or.) 1942-current, June 28, 1963, Image 4

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Herald and news., June 28, 1963, Page 4, Image 4

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Newspaper Page TextPAGE 4 Friday, June i. HERALD AND NEWS, Klamath Falli, Ore. MARKETS Stocks NEW YORK STOCKS By United Press International '- Allied Chemical J Alum Co Am American Air Lines 'American Can t American Motors 'AT&T ' American Tobacco Anaconda Copper '. Armco American Standard , Santa Fe Pfd Bcndix Corp Bethlehem Steel Racing Air , Caterpillar Corp Chrysler Corp :;Coca Cola .j.'C.B.S. Jvtolumbia Gas v,(.'ontincntal Can fji'rown Zellerbach y-fYiicible Stcol : 4-'urtiss Wright ;pow Chemica r '.pu Pont .' Firestone ' Ford General Electric General Motors General Portland Cement Georgia Pacific Greyhound Homestiike Idaho Power ; I B M. J Int Paper ; .lohns Manvtlle Kennecott Copper - Lockheed Aircraft Martin ' Merck Montana Power ' Montgomery Ward Nat'l Biscuit New York Central Northern Natural Gas Northern Pacific Pac Gas Elec Penney J. C. Penn RR , Permanente Cement I Phillips : Procter Gamble Radio Corporation ; Richfield Oil Safeway ' Sears Shell Oil s Socony Mobil Oil . , ; Southern Co Southern Pacific . Sperry Rand Standard California Standard Indiana Standard N.J. Sun Mines Texas Co. 82 58' 30 4774 50',i 21V4 21 Vt 60Vi 245 33','i 52 ',4 79 70' 42'i 49" 44'i 50 '4 33 '4 436 Vt 30'4 47 72 53H 19 90'A 37 V 38V4 52i 22',4 53 47tt 31 42 19V4 16'i 51 75H 42 '4 SVk em W, 68 53 Vi 36 Vi 14V4 64 604 68 11 70 14 Texas Gulf Sulfur Texaa Pacific Land Trust 1 23 V Thlokol , Trans America J Trans World Air f 'J'ri-Conlinental ', Union Carbide ;.' Union Pacific United Aircraft United Air Lines I U.S. Plywood '.; U.S. Rubber : U.S. Steel : ' United Utilities West Bank Corp Wcstinghouse 24 50 17 4Vt 46 38 &6V4 44 48 38 38 35 MUTUAL FUNDS Price until 10 a.m. PDT today Bid Asked I; Affiliated Fund 8.03 8.68 ! Atomic Fund 4.76 5.19 ;' Blue Ridge 11.81 12.01 Bullock 13.32 14.60 ; Chemical Fund 11.04 12.01 j: Colonial Fund 11.48 12.55 tj Comw. Inv. 9.84 10.75 Diver Growth 8.62 9.45 'Dreyfus 17.09 18.58 '- E & H Stock 13.75 14 86 Fidelity Capital 6.57 9 32 Fidelity Trend 13.98 15.20 Fundamental 9.76 10.70 F.I.F. 4.30 4.71 Founders Fund 6.12 6.65 Group Sec Com 13.31 14.57 Gr Sec Avia El 6 B8 7.55 Hamilton H D A. 4.93 Hamilton C-7 5.05 5.53 . Investors' Group 'y Intercontinental 6.15 8.64 i Mutual 11.53 12.64 - Stock 18.76 2028 Selective 1041 11.14 Variable 6B1 7.36 ;1 Keystone S I 21.87 23 86 j Keystone S-3 14 87 16.21 . Keystone S-4 4 22 4.81 :.M1T. 14 69 18 05 M I T. Growth 80. 1 8 83 Nat'l Inv. 15.12 16 35 Nat'l Sec Div 4 19 4.58 Nat'l Sec Growth 7.79 8 51 Nat'l Sec Stock 7.91 864 I'ulnam Fund 15 00 16 30 Putnam Growth 8 71 9.52 Shareholders 11 08 12.11 Supervised Inv Scrv 7.4.1 8.10 . '. l ulled Accum 14 45 15 79 t inted Continental 6 89 7.53 !; I -iiilcd Income 1226 13 40 k I nited Science 6 65 7.27 ; Value Lines 5 35 5.85 Wellington 14 .17 15.66 .'Whitehall 13.54 H.64 Groins CHICAGO lUPIi-Grain range High Low Close I 1.83 184 184- 1.86 1.66 1 66- 1.92 1.91 1.92- 194 19.1 1.94 .67 .66 .66 .67 .67 .67- .70 ,69 .70 .71 .71 .71 1 27 1 26 126 1.29 1.28 128- 131 1.30 1.31 Wheal Jul Sep Iec Mar Oati : Jul ', Sep : Dec ; Mar : Jul Sep and FINANCE WALL STREET NEW YORK (UPIi - Strength in sugar issues provided the 48 'i 64 '4 excitement in today's steady dull stock market. Gains in the sugar shares were 46li triggered by another spurt 18', 120H. sugar futures. Amalgamated Great Western, American and Central Aguirre were up at least 50' 1 each. Trading in other shares 56 Vt 16'i 29i 52 30i 35H 43 V, 63 93 dwindled to the quietest of week. Steels held steady. Chrysler out performed a generally firm auto section despite news that prnduc-l tion this week is scheduled slight ly below last week. Union Car bide weakened In the chemicals but Diamond Alakli moved higher. Wall Street Cliattrr NEW YORK (UPII Rov 3ra dy of J. W. Sparks 4 Co. believes tlio next upward move will be led by secondary and possibly spec ulative securities. It is Brady's impression that the more lucrative gains over the coming months may be shown by the general list rather than (lie better grade issues. "However," Brady says, "with the absence of leadership, pressure on blue chip and quality issues and re cent weakness in a number of growth stocks, wo feel it pru dent to await a better market climate before making any near term trading recommendations." Clark, Dodge & Co. Miys that the recent break in the market does not necessarily mean that stocks are in for a full-fledged correction. It sees it more as a clean up of the stalemate of the past two months. International Statistical Bureau Inc. notes that life insurance companies operations nave shown a most favorable trend. It says premiums are expected to show improvement as a result of expanding population, gains in in come, and a favorable mortality rate. "While competition from other insurance companies acci dent, casualty will gain, life in surance companies at this time continue favorably situated for long-term growth," the company says. LIVESTOCK PORTLAND tUPII-(USDA) -' Weekly livestock: Cattle 2000; high good choice slaughter steers 25; mixed good choice 935-1075 lb 24-24.65; stand ard-good Holsleins 20-21.50; high (good-choice hellers 23-23.25; can 45 ner-cutter cows 10 - 13.50; utility 105 commercial bulls 18-20.75. Calves 280; good-choice vealers 23-26; utility-standard 18-22; high medium-good feeder steers 24-27. Hogs 1125; 1 and 2 barrows and gilts 19-19.50; sows 15-16, heavier 9-10. Potatoes PORTLAND (UPI) - Potato! market: Steady; Calif. Long Whites 3.00- 3.25, some best 3.75-4.00, sized 2 oz spread 4.50-5.25; bakers 3.25- 3.50; 1 Inst fine qual. 5 00; lU.S. No 2s 250-2.75; Round Reds 3.25 3.50; size B 2.75-3.00. Stocks LOCAL SECURITIES Prices until 11:30 a.m. PDT today Bid Asked 63 66 25 27 10 11 244 26 33 35 66 70 24 26 31 33 4 4 34 36 1 1 25 M 26 27 77 81 2.1 25 30 32 Bank of America Cal Pac Util Con Freight Cyprus Mines Equitable S & L 1st Nat'l Bank JanUen Morruson Knudsen Mult Kennels N.W. Natural Gas Oregon Metallurgical PRE PP4L U.S. Nat l Bank West Coast Tel Weyerhaeuser Old Photos Requested ASHLAND-Officials of (he Ore gon Shakespearean Festival are seeking pictures of part festivals lo lie used In a commemorative volume lo be published next year as one of the several projects under way for celebration of Shakespeare's 400th tinhday an niversary. Pictures may include scenes of Chautauqua days, views of prep- aiaiiona during (lie IMOs, por traits of aclors rehearsing or In performance, and unusual shots of people involved wilh (lie theater's beginning and development. Any such photographs will lie gialefully received, according to festival officials. Donors should mark tlieir name and address on Hie back of each picture with a soft lead pencil; clip it to a sheet with all Identifying (acts and mail lo Public Relations Office. Ore gon Shakespearean Festival, Ash land, Oregon. All possible care will be taken of those submitted and they will be returned at (lie earliest ihis- Court Sets Trial Dote For 2 Men only 1963 Wilbur Hixson, 42, and Perry Chocktoot, 30, each serving 6ix and one-half year prison terms and in the state penitentiary for act ing in complicity in the theft ir of two horses, have been re turned from the state peniten tiary to the Klamath County Jail lo appear at a hearing for a new the trial set for July 1 in circuit court. Earlier this year, Hixson and Chocktoot were indicted by the grand jury for the larceny of two horses belonging to a Bealty rancher. They were convicted by a ciricuit court jury June 9 and June 12 were sentenced to the prison terms at the peniten tiary. The attorney for the two men - 'states four reasons why his clients should be allowed a new trial. First, he charges that the dis trict attorney improperly made mention of the criminal records of the two defendants Second, the district attorney im properly argued to the jury con cerning the failure of the code- fendant, Chocktoot, to allow his wife to testify, which right is guaranteed by the laws of this state, the motion states. The request states further that the district attorney improperly referred to a statement given by a witness, Robert Huitt, and marked for identification an ex hibit for the state that was not admitted into evidence. Finally, the district attorney improperly made reference to the failure of the state's witness, Robert Huitt, to testify by his seeking immunity under the pro visions of the fifth amendment." As a further reason for the granting of a new trial, the mo tion states that Judge David Van- denburg "failed to give certain instructions to the jury, as re quested by the defense attorney. I he lailure to do so affected the rights of the defendants to a fair trial, it declared further. Ellis Plan Fun Night An "Evening in Paradise," fun-night for the entire family is planned by Klamath Falls Lodge No. 1247 BPOE, Saturday, June 29. The program starts at 6:30 with an hour show and coke bar for children upstairs, a no-host social hour for the adults downstairs, and a Hawaiian Luau on the parking patio, 7:30 lo 9:30 at nominal charges. There will be free dancing by Baldy and his "Hawaiians" at 9:30. Dress will be Informal, Hawaii an shirts and muu muus. Other events coming include a regular lodge meeting July 11, the big annual Elks picnic at the Malin Park, Aug. 4 and an Aug. 8 lodge meeting. Final Rites Saturday Services for Eldon iStubi Leon ard Dean of Prospect, Ore., a lormer resident ol Klamath Falls, will be held at 2 p.m. Saturday, Juno 29 from the Memory Gardens Funeral Home in Med ford. Mr. Dean. 46, died June 26 fol lowing a heart attack. He was a native of Waklron, Ark., born Jan. 13. 1917. He was a self employed logging trucker. Survivors include tlie widow Glee, sons, Larry, Randy and Gary, all of Prospect, Eldon of Chiloquin; his mother, Mrs. Nealy Dean of Medlord; a brother, Charles of Prospect; three sis ters, Mrs. Robert Padgett, Cen tral Point. Mrs. Wayne Griffith, Prospect, Mrs. Charles (Mildred' Axel. Klamath Falls; three grand children and nieces and nephews. Obituaries PLANK ftcMrf L Plank, a. uta (if Blv. (!f1 In laMvivr Junt ?t Survlvtd hv w' Po qv. Blvl lorn. Mlcharl and Richard Piank, La llaliin. all et Ply; dauahitn. Mn La Andarion, Snn PrancW0, Mr Alvln Jk'on, Klamath Fall. (Pur Of.indfhil.lran, father. fr1 Plank. Pa.k.hv.a. Pa; (ff, Vr 4 a f k Sandeiv Panniylvaflla StrvK will h hf-ld Saturday, Juna 7 D tP Oulv Otttrman Chapal. Lakavlaw. Informant Vlttrana pint in Odd f-tlldvvk Ctmalfry. Laktviaw Committal prlyatf Wait for the BIG One! Shoe Warehouse1 Gigantic Overstock SALE Starts Monday, July 1st! Mtn's Wemtn'i Children's work, drn and plor ihe . . . nationally dvtrttitfj brcndi itnijttonl iTini! SHOE WAREHOUSE 230 Main !cl ..V-;'t F'Ai j il MOTHER'S HELPER Donna Graham, 17, has summer employment in the family of Mr, and Mrs, Lee Allen, where a new daughter joined two brothers and a sister on June 7. Donna, the daughter of Mr. and Mrs. Don Graham of 1760 Summers Lane, registered at the Oregon State Employment Office for work and was placed one day later. Donna Is holding infant Rollene, watched by brother Richard, 3, sister Renee, 2, and rear, Julius Guintoni, employment interviewer. A fourth child in the family, Rob ert, I, was asleep. Allen, a lumber company employe, heads the committee or repre sentative groups, which is assisting In coordinating employers and young people in need of work. State Defense fund SALEM 1 UPI i Federal funds approved Thursday for five coun ty civil defense organizations may be withdrawn because matching funds to bolster tile state agency were denied, Stale CD Director Robert Sandstrom indicated. ' "The stale will probably not be able to administer the matching fund program on counties which also made application," Sand strom said. Regional Civil Defense Director Charles C. Ralls said the state agency did not qualify for federal funds. The legislature slashed the agency to a three member coordi nating staff attached to the gover nor's office. Before the cutback was ordered. Oregon had an 18-membcr CD staff. Gov. Mark Hatfield had ask ed funds for a 20-member staff The notice from Ralls thnt the Two Youths On Wild 3-Hour Chase Two 17-year-old juveniles who led city police on a three-houri chase through backyards and fields in tlie Newcastle and Man zanita streets area were appre hended early Thursday morning, and charged with violating cur few. Tlie youths were lodged in the; city jail on orders from thC county juvenile office. Police received a wave of calls between 1 and 3 a.m. Thursday Irom residents in the area com plaining about prowlers. When patrolmen arrived at the residence of Mrs. A. L. Moore. 935 Newcastle, shortly after re ceiving a prowler call they spot ted a suspect's car speeding away District Court Judge Named Judge Joseph .1. Thalhofer of Deschutes County will serve on the Klamalh County District Court liench from July S to July 1,1 while Judge Robert B. Kerr is on vaca tion, II was reported today. The appointment of Judge Tlinl hofer lo tlie temporary assign ment was disclosed in a letter lo the munty clerk from Chiel Justice William M. McAllister The continuance ol district court business while Judge Kerr is away from the bench is "to promote the more sjvedy and ef ficient administration of justice in the district court." the letter stales Aluminum Awnings local TU 4.(196 Term! to Suit ARALUM Window & Door I .IJIiiHi. IUMB, MaJLaVtaatiMitUAM Ph. TU 2-5434 tale agency would be denied fed eral funds also said funds had been approved for five counties "subject to the submission and approval of a revised stale pro gram. 'One requirement that must be stated in (he resubmission is the state's intent to administer the approved county programs," Halls said. Sandstrom said the final deci sion on whether the slale would supervise the county programs would be made by Hatfield sometime next week." He said he would call the five counties "to determine what it means to them if we do not ad minister the program for them Matching funds were approved for Benton, Linn, Umatilla, Polk and Washington counties, with the condition that the state provide supervision. Lead Police down Newcastle. Police gave chase, but were eluded by I he driver. Tlie license number was taken, however, and the patrol men returned to tlie station to. check the vehicle registration Shortly after, Mrs. Moore called and said the prowlers were back. In the' second time around, patrolmen chased down and cor nered one of the youths alter a harrowing run through backyards. undr clothes lines and over fences. Tlie second youth escaped again by hiding - in a field in tlie area. The enlire neighborhood, was awakened by this lime, hnw-l ever, and keeping "tabs" nn the other youlh. Tlie police phone jangled again at about 3 a.m. and the boy was reported hiding on a garage roof at 2019 Manzainla. Police raced out to Hie scene, surrounded the garage and quickly nabbed their susjiecl. Residents. Ihen, quietly went hark to sleep. KAGO 1150 ON YOUR DIAL PROUDLY ANNOUNCES Lucky Family CHECKBOOKS ARE COMING YOUR WAY STAY Tuned To KAGO FOR FURTHER . INFORMATION Lucky Family CHECKBOOKS Shaky In addition, Polk and Washing ton counties were told "if their performance ... is not improved" before the next year, they would be denied further federal aid. Sandstrom said he talked to Benton County authorities, and was told loss of federal matching funds would amount to about $2,900. No mention was made in Ralls' report of any funds for Multno mah County, or the city of Port land. They are dropping civil de fense July I. Sandstrom said some counties would not make a decision on whether to drop civil defense until today, the last business day of the current fiscal year. He said in addition to Portland and Multno mah County, Klamath, Lincoln, Deschutes and Lane counties have already decided to drop or reduce I civil defense budgets. albcw the west IT'S GOT AMERICA'S LONGEST Yes, this is the compact with 33 special features that set it apart tor value-including the warranty that puts it in a class by itself for quality. Come in, now, and let us explain the warranty, ano demonstrate Valiant's value features. You'll arrive at the conclusion that Valiant is the best all-around compact anybody has come up with yet! BEST ALL-AROUND COMPACT ANYBODY HAS COME 522 State Supreme Court Declares Forest Fire Tax Constitutional The one cent per acre forest fire protection tax levied against some lands in Eastern Oregon has been declared constitutional by the State Supreme Court. The tax is assessed on grazing land and docs not include forest lands which has a higher tax levy, Hie Klamath Forest Protec tive Association at Klamath Falls reported Friday. Tile validity of the tax was tested in an appeal by Robert Sproul and J. F. Walton both of Grant County; they argued that it was unconstitutional because assessments were not made on Fire Starts At Merrill MERRILL The Merrill Fire, Department was called at 5:15 p.m. Wednesday to control a fire which started when a rock crush er caught on fire several miles west of Merrill, Pavitt Newnham, who works at the crusher, said he had been burning weeds near the machine but thought the fire was extin guished when he left. About 15 minutes later he noticed smoke coming Irom the crusher, and when he and Mrs. Newnham reached the scene, the crusher burst into flames. They kept the blaze under con trol with buckets of water from Hie house until the fire depart ment arrived. Damage to the crusher was minor. Registrations For Camp Due Registration for 4-H Summer Camp will close -Monday, July 1. The camp, lo be held at the Crescent Lake Organization camp. is open to boys and girls age 9 through 12 and will be held July 14 through July 20. Registration can be made at the 4-H Club office. People Read SPOT ADS yoy art new. ywrn.Mii iii i jnTII crrm''"ms' iffljj" JIM OLSON MOTORS, So. 6th St. the basis of true cash value, as required by the constitution. But the court ruled that the tax came under the state's police 4 Officers Charged (Continurd from Page 1) "youth was in jail." If Gallagher was in jail, the district attorney said he had no knowledge of why the youth was there. The lawsuit states specifically how each of the four defendants allegedly contributed to Gallagh er's being detained in Jail "with out any legal right." The complaint states that Web- Iwr "had Gallagher transferred to the Klamath County Jail by Youngblood and reports further that sometime later he inter viewed the plaintiff in jail and reported his detention to the dis trict attorney. Therefore, t h e suit charges, Webber and Crab- tree "knew or should have known that this plaintiff was detained in complete absence of his right and was falsely imprisoned." It charges further that Sheriff Bntlon knew "at all times that the plaintiff was held and knew or should have known that he was held wilhoul any legal proc ess or rights being afforded to him. It resumes: The sheriff con tinued "to hold the plaintiff in complete absence of his legal rights." The complaint also cites that Youngblood "knew he trans ferred and lodged Gallagher in the county jail without making any arrest or charge and that by virtue of his knowledge the sheriff also knew that the youth was being held without being arrest ed or charged." IF YOU NEED ADVICE IF YOU'RE SICK . . . FOR INCOME TAX . . . If You Need Insurance - SEE US! GQEN-BROOKS Insurance Agtney 631 So. 6th Phona TU 4-322 STAN BILL AND BEST NEW-CAR Your AuthOfifM Plyrpnuth.Valiant Daa'ar-j Warranty ai'Hl dafpctl in mater. af and Orhmannto on 143 rtr ha oan oxpandad lo includa parti replacamont ar riot.r, without Chi, pa lor rpqu.rad pari! or labor, lor 5 yaara or Mono mila. whichaver comes first, on th engine block, haad and internal parts; transmission ease and Internal parti (esctuding manual clutch): torque converter, drive, shaM. universal jomti (esclud-ne. dust covers), risr ane end differential, end rear wheel hearings, provded the vehicle has been lerviced it reasonable interveii it-cord-ln to the Plvmouth-Vilunt Certified Car Ci-e icheduiei. power of protectinj public health, welfare and safety, and not Ms taxing power. The court said, "The constitu tional provision requiring uniform ity of taxation does not restrict the slale in its exercise of t h e police power as distinguished from its taxing power. "The primary purpose is not to raise revenue but to directly pro mote tlie public welfare. The one cent per acre levy was solely for fire protection." it said further. The court said that tlie stale can serve to benefit the public welfare either by regulation or by applying its taxing power to all of the people and property of the state. The constitutional limitation of equal application of taxes must be observed, the court cited. But it concluded that if the stale de cides to use regulation to protect the public welfare, the costs of such regulation may be assessed on the people and property af fected by the regulation. Post Sponsors Sale Of Flags MERRILL More than 40 busi nesses and nrganlzalions have liecn contacted by the Merrill VFW Post 4036 in connection with its flag sale. Volunteers are now installing the. brackets. The post is sponsoring the sale to encourage more people to dis play flags on recognized days. Tlie cost for the service is $5 a year, and the money will be used lor Mag maintenance. . . . See Your Lawyer . . See Your Doctor See Your Accountant 0 o WARRANTY UP WITH YET! INC. Klomoth Falls, Ort, xec sible time.