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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (July 25, 1963)
Thursday. July 25, 1963 HERALD AVD NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS By United Press International Allied Chemical 471, Alum Co Am 613, American Air Lines 23' American Can 44, American Motors 18 AT&T H9H American Tobacco 28. Anaconda Copper . n Armco 545, American Standard lfi' Santa Ke Pld 27s. Bendix Corp sn, Bcthelehem Steel 30' Boeing Air 31 Caterpillar Corp 4:i'i Chrysler Corp 58:4 Coca Cola m't CBS. fiP, Columbia Gas 29' 2 Continental Can 45' Crown Zellerbach 4(i'-2 Crucible Steel 2(p Curtiss Wrifilit 20 Dow Chemical 58' 4 ' Du Pont 2.11 Eastman Kodak 107 Firestone 32'-; Kord 50;,4 General Dynamics 24" 3 General Electric Sri'i General Foods General Motors B8 General Portland Cement 205 (Borgia Pacific 48' Greyhound 40 Gulf Oil 47'i Homestake 52',4 I.B.M. 42!) . Jnt Paper - 28'-. Johns M-anville 47'a Kennecott Copper 72:l4 Lockheed Aircraft Martin 18' s Merck IIP'4 Montana Power ffli Montgomery Ward 36 Nafl Biscuit 57 New York Central 1 !) - Northern Natural Gas 5134 Northern Pacific 44'i J'ac Gas Elec 313s Penney J.C. 41 Penn RFl 17'i Permanente Cement W,k Phillips 52?i Procter Gamble 73'4 Radio Corporation 67'-i Richfield Oil 423i Safeway 57Ta Scars 87V4 Shell Oil 43'4 Socony Mobil Oil Southern Co. 55'- Southern Pacific 33' Spcrry Rand 14 Standard California 64'i Standard Indiana 59 Standard N. J. fi9' Sun Mines ll'j Texas Co. ' . 707 ; Texas Gulf Sulfur ' 14 Texas Pacific Land Trust 2 Hi Tiliokol 21 Trans America 51r"B Trans World Air lB'i Tri-Continental 45-k Union Carbide 03 ; Union Pacific 38' United Aircraft 44'i United Air Lines 37-'i U.S. Plywood 57 U.S. Rubber 44'4 U.S. Steel 45'k United Utilities 371. West Bank Corp 38's Wcstinghouse 34 MUTUAL FUNDS Prices until 10 a.m. PDT today Kid Asked Affiliated Fund Atomic Fund Blue Ridge XD ' Bullock Chemical Fund Colonal Fund Comw. Inv. Diver Growth ' Dreyfus E & H Stock Fidelity Capital Fundamental F.I.F. Founders Fund Group Sec Com Gr Sec Avia El Hamilton H.D.A. Hamilton C-7 Incorp Inv. ICA Investors' Group Intercontinental Mutual Stock Selective Variable Keystone S-l Keystone S-3 Keystone S-4 MIT. M.I.T. Growth Nat'l Inv. Nat'l Sec Div Nat'l Sec Growth Nat'l Sec Stock Putnam Fund , Putnam Growth Selected Amcr Shareholders Sup. Inv. Ser. United Accum United Canada United Continental United Income United Science Value Lines Wellington Whitehall 7.97 4.48 11.52 13.10 11.18 11.25 9.76 8.50 16.71 13.59 8.53 9.65 4.25 6.02 13.06 6.60 4.83 4.95 6.90 10.32 5.67 11.26 13.34 10.44 6.67 21.55 14.56 4.10 14.50 8.02 14.99 4.08 7.69 7.82 14 82 8.60 9.53 10.76 7.28 1431 17.56 10.76 12.16 6.62 5 28 14 33 13.52 8.62 4.89 12.59 14.35 12.15 12.30 10.67 9.32 18.16 14.69 9.27 10.58 4.66 6.59 14.30 7.24 5.41 7.54 11.28 6.45 12.17 19.82 11.16 7.21 23.51 15.89 4.48 15.85 8.77 16.21 4.46 8.40 8.55 16.20 9 40 10.31 11.76 7.93 15.64 19.09 11.39 13.29 7.23 5.77 15.62 14.62 Potatoes PORTLAND 1 UPI' -Potato market: Steady; Calif. Sz. A Uml White S 75-4.50; some best 4 75: sized 2 nz. spread 5.25-5 50: bakers 4.50 4 75; U.S. No 2s 3-3 25: U.S. No 2s bakers 3.25-3.30; round reds 2 75-3; Wash. Round Reds 2.30 2 75- Rus-els 5!) lb sks 2 00 2 2'.. PAGE J- Klamath Falls. Ore. WALL STREET NEW YORK (UPIl - Stocks closed the session m retreat to day. News that the railroads had agreed to a postponement of the work rules changes, thus avert ing a nationwide strike next week, sparked an early advance but even among the rails gains dw in dled later and in some cases fell back into losses. Chrysler dropped more than 2 on profit taking after news of a four-fold earnings increase in the second quarter. Ford showed a small gain. Large gains in the electronics were pared and only a few man aged to hold as much as a point. Steels were generally fractions higher, but Youngstown gained better than a point. Wall Street Chatter NEW YORK (UPH - Jerome H. Goldberg of Ira Haupt & Co ieeis inai siocks generally are in stronger hands than the decline in the averages would indicate and that in "such a fundamen tally strong climate" it is diffi cult to envision prices fall much turther from current levels. Goldberg recommends that in vestors maintain optimism and sock good opportunities which are selling at much lower levels than a month or two ago. Arthur Milton & Co. points out that notwithstanding the market's recent downtrend, insurance com pany stocks have maintained uieir positions, and in some in stances, forged ahead. Tlie com pany feels this signals a bull market in life insurance slocks will become an important factor as soon as the general market surges ahead. Harvey Deutsch and Harry L. Low of Purcell, Graham & Co. believe that while many issues are again selling at more rea sonablc price levels in relation to earnings ratios and yield, last week's deluge of adverse news development could push the mar ket much lower over the near term. ihomson & Mc Kmnon says that it would not be surprising, "could it be proved," that the root of recent selling stemmed from the actions of jittery, short sighted equity holders who may look upon the steps proposed to halt the gold flow as a damper on an inflation boom. LIVESTOCK PORTLAND (UPIl (USDAI -Livestock: Cattle: 50. Not enough sales to test trading. Calves: 25. Not enough sales to test trading. Hogs: 150. Few 1-2 20-20.50, 2 3s 19.50-20. Sheep: 500. Few choice spring slaughter lambs 18.50, mostly choice shorn feeder lambs 14. Grains CHICAGO (UPD-Grain range: High Low Close Whoat Sep 1 -75-'-n 1.76'i lVi Dec 1.84s 1.82' a 1.821M Mar 1.87 1.84'i 1.85-Vi May l.RO'2 1.77:U 1.78' Jul 1.55 1.52',4 1.54's Whoat (new) Sep 1.5B'i 1.54 1.564 Oats Sop .65' .65'2 .65 1 -j Dec .6H-' .68'4 .684 Mar ' .79' 4 .69:,4 .B9n4 May .69'i .69' .69(4 Rvc Sep 1.28' 4 1.26 1.26' 4 Dec 1.31'4 128-'4 Mar 1.34 1.31' 1.314 May 1.32'i 1.31 1.31 Stocks LOCAL SECURITIES Bid Asked Bank of America B3', 66' 4 Cal Pac Util 25'4 .27'4 Con Freight 9r' 10' 2 Cvprus Mines 24'2 2B'. Equitable S & L 32'2 34-", 1st Nat'l Bank 67'4 70'2 Jantzen 23l 25' Morrison Knndsen 304 32-14 Mult Kennels 43 5 N.W. Natural Gas 15 37'. Oregon Metallurgical l' l'i Pge 27', 284 PP&L 26'. 28 U.S. Nat'l Bank 77-U 8P4 West Coast Tel 22'. 23'. Weyerhaeuser 3I' 33'4 Obituaries NORTHOVER ChartM wood'ow Northover, W. died hr Julv 33. 163. Survivors, daughter. Mri. Dor.ec Pedersen, Boise. Idaho; also lour other children, three brothers, two sisters and one granochuo r-unerai serv ices. Ward's Klamath Funeral Home. Sat urday. Julv V. at 10 a.m. Concluding services Klamath Memorial Park. STRUNK Ernest V. Strunk. S. died Julv 73 Sur vived hv widow. Destie Strunk, Bonania: IS children. Eugene Strunk. Klamath Falls, Rudv Henslev. Lowell. Ore . Ester Winders. Portland. Ore.. Dolores Heitnoio. Montesano. Wash . LeRoy Strunk, Sunny. side, wash, Herbert strunk. Malm, Ore, Cecil Strunk, Klamath Falls, Eva Han kins, Klamath Falls, Helen Holloway, Klamath Falls. Olga Lowther, Portland. Ore. Edith Douoles, Klamath Falls. Ken neth Strunk, Klamath Falls Jasper Strunk, U.S. Navy. Irene Atwooo. Kiamatn rails, Carolyn Strunk, Bonaniai three sisters, Olaa Buhrman, Sharon, Okla , Anna Buhr man, woodward, Okla., Violet Allison. Vici, Oklahoma, 47 grander,, Idren; oreat grandson. Funeral services wilt held Fr-oav. July 36. at 3 o m in O'Ha Vemoriel Chapel. Interment Eternal Hi ANCIENT HISTORY This picture of the F. W. Bold & Son Store in Bonanza was taken 50 years ago when horse collars and tires were sold along with hams and tender loins. Kenneth Bold and his son, Ivan, now operate the store. The Bold family will be present for the first Community Old-timers' Picnic to be held in the Big Springs Park at Bonanza Sunday, July 28. There will be a potluek picnic at I p.m. Many old-timers will attend. onanza Old-timers' Set For Big Springs BONANZA Old-timers who re member the days when Bonanza was a busy, bustling town, the old horse races up and down Main Street, the heyday of the old ho tels, the roistering, fun-loving cow boys who came to town on Satur day nights and the friendly In dians who came to look on, will gather in Big Springs Park Sun day, July 28, to recall those times. A committee of Bonanza people, chairmanned by Mrs. Esther Brown, with Mrs. Alice Drew as secretary, has made elaborate preparations for the potluek picnic which will mark the first annual Community Old-timers' Picnic. Numerous people who lived in Bonanza in those early days, now- living elsewhere, will be present. There will be prizes for the old est man or woman present, the youngest descendant of old-timers. the traveler who comes the great est distance, and who raised the largest family. The committee has also com piled an illustrated, historical booklet covering school, church. business, library, city, country and other information of the past to be sold at 50 cents a copy Months of preparation have gone into the attractive brochure w hich will recall much of the past. Grass Fires Plague Area Five grass fires kept firemen of the City Substation, and the Klamath Falls and Suburban Fire Departments busy throughout the day Wednesday and early Thurs day, according to reports from the three stations. No damage re sulted from any of t h e fires, firemen said. The times and locations of the fires were: 5:19 a.m., Thursday, Eberlein and Owens Street, City Substation. 10:42 p.m., Wednesday, near 600 Lincoln Street, KF Fire Depart ment. 11:59 a.m.. Wednesday, fire on vacant lot at 860 California Ave nue, KF Fire Department. 9:09 a.m., Wednesday, super vised burning which went out of control at 4540 Shasta Way, Sub urban Fire Department. 2:25 p.m., Wednesday, fire start ed by sparks from trash burner, 1516 Carlson Drive, Suburban Fire Department. TOPS one be The public, especially those who lived in the Bonanza community in the early days, are invited. In the event of rain, the picnic Pickup Truck Mishap Injures Klamath Woman A Klamath Falls woman was under sedation at the Klamath Valley Hospital early this morn ing as the result of injuries she received when the pickup truck in which she was a passenger Sift Offers Free Meals LOS ANGELES 1UPD If you are a tourist from a foreign land and you'd like to have a free meal with a family in the South ern California wonderland, a hos pitable chap named Donn Gift can book you no strings attached Donn with his improbable last1 name of Gift has set up an or ganization called Los Angclcs-at- Home and he's got a list of nt least 250 Southern Califormansl who would like to entertain for an evening, persons from other countries.- Gift got the idea for his group hack in 1945 when he made a, trip to Denmark and was enter tained in a program called "Meet the Danes." Gilt came home and tried to enlist influential organizations in sponsoring a similar program here. but he had no luck. So last October he launched one on his own. And with no capital to speak of he has made a good start. Gift is a radio announcer, en ginecr and publicist by profession and he has drummed up interest in his project among air lines and travel agencies. He has received compliments and moral support from the Los Angeles County Board of Supcr-i visors. Mayor Samuel Yorty and numerous otner otiicial groups and individuals. "The basic idea of my pro gram," he said, "is to enable the average tourist to moot an Amcr ican family and learn how mem- hers live and think. This will in a small way make for better under standing among nations. MATERNITY CM SKIRTS CAPRIS 3" ORIGINALLY 5.95 TO 7.95 DRESSES 1 & 2 wj99 ORIGINALLY 12.98 TO 17.95 1 , r Picnic Park will be held in the Bonanza Li brary and not at the Big Springs Park as planned. The picnic w ill begin at 1 p.m. went out of control and rolled I over on the Lake of the Woods Highway, two miles east of Eagle Ridge, about 9:45 p.m. yesterday, the Oregon Slate Police have re ported. The passenger was Irene Lloyd, 41, 103 Laguna Street, who was listed in satisfactory condition by a hospital spokesman. The driver if the vehicle has yet to be identified and was apparently not injured, police said.- The accident occurred as the truck, eastbound, went off the highway and onto a soft shoulder, where it went out of control and rolled over at least once, police records indicate. The truck re ceived minor damage and was later removed to Klamath Falls by a local towing company. Peace Ambulance transferred the injured passenger to the local hospital. The ambulance service, the hospital, or state po lice were unable to provide the name of the driver. Tree Disrupts Bonneville Line RAINIER (UPI) - A logger felled a tree onto the Bonneville Power Administration's 115,000 volt St. John's-Astoria transmis sion line near here Tuesday alter noon. Power was knocked out in the St. Helens-Rainier area from 4:24 p.m. to 5: 13 p.m., according to a BPA spokesman. LONDON UPI Detective Chief Superintendent John Du Rose, w ho smashed a London vice ring, will become chief of Scot land Yard's murder squad, it was announced Tuesday. PIECE Jury Slated To Begin Deliberation In Trial Of Sheriff Tlie trial of Sheriff Murray 'Red" Brtton reverted to a study in semantics for approxi mately two hours in circuit court yesterday as deputy district at torney Bob Thomas sought to elicit from the sheriff an admis sion that he had released a pris oner from custody. The sheriff is charged with hav ing unlawfully released Fred Bey mer, a Poe Valley farmer, from detention last March 16 after tlie latter had been brought to the county jail in the custody of Ral eigh Wheeler, state livestock offi cer. Beymer had been arrested on a warrant citing him with the embezzlement of an animal but lie was later acquitted of the charge following a jury trial. The indictment cites that Bey mer had been at large from the county jail from the lime of his arrest March 16 until he appeared in circuit court March 25 to post bond. In court today, the defense rest ed its case at approximately 11 a.m., almost the same time that tlie state brought its case to a close yesterday. Both sides de clined rebuttal and the matter was slated to go before the jury after it received instructions from Judge Donald A. W. Piper some time today. Before the judge instructed Hie jury he denied a request by the defense attorney that the jury be instructed to return a verdict of acquittal for the sheriff. Proceedings in court Wednes day featured an attack upon the testimony of stale's witness Lar ry Alexander, a former jailer and now a Klamath Falls police officer, and a lengthy verbal joust between Thomas and Sheriff Brit ton during cross-examination. Under direct examination of his attorney, Britton readily admit ted that he had granted Beymer a temporary leave from custody, effective March 16, for the pur pose of obtaining bail. But to questioning from deputy district attorney Thomas he disclaimed ever having received custody of Beymer, in addition to denying every other incriminating aiiega tion that bad been the subject of testimony during the four-day- old trial. The verbal tug of war between'treasurer FREE! Get SUGAR Modgl D-23 AMANA UPRIGHT 79U $095 Perfect for i( j J J Big Fomilyi! jfcjr gg if Cascade Home Furnishings 412 Main Thomas and the sheriff broke out over tlie word "custody." Later during the cross examin ation, Thomas asked Britton. 'How did Beymer get into your custody when he appeared for arraignment on March 25?" 1 don t know what vou mean by custody," Britton said. "Wheel er tame into tlie jail and left him (Bevmeri. I told Beymer to come back later and go with me to court," he continued. "Did you have Beymer in cus tody?" Thomas repeated. "I don't know what you mean," Britton answered. "Well tlien did you have him in restraint? Do you know what that means?" Thomas queried. "To mc it means having some one strapped down with Iwlts or chains," the sheriff said quickly. Optimists Plan Charter Night The newly formed Klamath Falls Optimist Club will be host Saturday, July 27, in the Winema Hotel to 30 Optimist Club presi dents in District 32, when the lo cal organization will receive its charter. Time for the meeting is 7:30 p.m. Past District Governor C. J. Shady will present the charter to Klamath Falls Club President Bill James during the dinner meet ing to be attended also by wives of the mcmlcrs. The Klamath Falls club formed on June 17, 1963. District Governor Max-Wclton Stell, Portland, will be toastmas- tor. District 32 with which the Klamath Falls club is affiliated includes Oregon, Washington, Ida ho and British Columbia. The club banner is to be pre sented by Lt. Gov. Gordon McKen- nett, the bell and gavel by Joe Betzendorfer. District 32 publicity chairman. The invocation will be by Rev. Wayne Lowe of the Klam ath Falls Ministerial Association. A district executive board meet ing at noon prior to the dinner will be attended by all visiting club presidents In addition to James, other lo cal club officials arc vice presi dents, Rollin Tuler and Roger Hall, and Dean Shaver, secretary your Freezing Yern Murray Britton Thomas then discussed another subject. Earlier during direct examina tion, Britton stated that on occa sion he had customarily re leased prisoners from jail "to attend funerals." Thomas asked Britton to elabor- at-s more fully upon his "cus- tor.i" pf releasing prisoners from jail. "Well, if they pay their fines. or serve their sentences. I let tliem out," Britton said deliber ately. "That's not custom, that's the law, isn't it?" Thomas shot back Seconds la'cr Thomas continued, "You ralhf r violated custom when you rele&sed Beymer didn't you? He wasn't entitled to be re leased, was he?" Thomas asked Britton. "I'm very careful about whom I release," Britton said mildly Thomas then pursued still an other subject. Sheriff," he said, "you know that a bench warrant had been issued (or Beymer, didn't you 'I hadn't seen it," Britton said. "If you didn't know Beymer was wanted on a warrant what made you think he needed bail?" Thomas asked. Thomas alluded to earlier testi mony by Britton that he had re leased the defendant, an admitted acquaintance of the sheriff since World War II, so he could ar range bail. After several moments, Britton answered, "I don't recall that now." Early during the testimony, Thomas and the sheriff had en gaged in another harangue in volving the questioning of wheth er or not Britton ever had custody of Beymer. Sheriff Britton had told the jury that he hadn t been aware Beymer was under arrest when taken to the county jail by Wheel-' cr. 'Now if he wasn't in your cus tody how were you in a position to grant him leave from jail? Thomas queried. "I didn't give him leave. 1 told him to come back the following Monday with his bondsman,' Britton contradicted. Your testimony is that you granted him leave." Thomas' snapped. "Did you believe that! & Canning Sugar FREE! when you during This Special Price You Get MORE with Amana MORE freezing speed! MORE convenience features! MORE built-in quality! These Freezers Are BIG AMANA 'Deep Freeze1 Holds 833 lb.. New, Con venient Baskets and Dividers $ Owens' Wheeler ever turned Beymer over to you?" Thomas went on. Britton didn't answer. "Did you restrain him in any way? "No," Britton said. "Then he didn't have to ask you for permission to leave the jail?" Thomas asked. I told him to come back the next Monday with his bondsman," Britton reiterated. Soon after Britton was sum moned to the witness stand he told of his long acquaintanceship with Beymer and his wife. Because of that relationship, Britton said he trusted Beymer and knew he would return to be arraigned. A short time after Bevmer left tlie jail on March 16 he called Britton to request permission to attend tlie state basketball tour nament at Coos Bay. The sheriff testified, "I told him to go, with the understanding that lie return the following Wednes day." Britton related that he re ceived a telephone call from Bey mer on the night he was due in Klamath Falls. The defendant told tlie sheriff that he was in Oakridge and would return to this city the next morning. "He did just that," the sheriff told tlie jury- Alexander testified Tuesday that he had "booked" Beymer in the jail ledger and received the de fendant's personal effects from his pockets. At that time Alex ander said he overheard Britton tell Beymer he could leave: so Alexander returned Bcymer's per sonal property to him and the man left. Alexander had testified that he had ncit been on duty at the time but had come early to the jail in order to learn more about book ing prisoners and other pro cedures. Britton commented to the jury that Alexander bad not been pres ent when Beymer arrived at the jail, as did Beymer and another jailer, Walter Thornc. Later during the trial, Thomas produced the ledger used to book prisoners at tlie jail and pointed out an erasure mark that had been written over with the name of a man who had been arrested sub sequent to Beymer. Neither Britton nor any of the jailers could explain what name had been erased or who did it. buy an (SlInHgl DcepfrcMeN ( NOMI r Mill It I Model DF240 Ph. 4-8365 32T5 1
