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
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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!
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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.
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