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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (July 31, 1963)
PACE -A HERALD AND NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS ; By United Press International Allied Chemical 4Mi Alum Co Am ' 63W American Air Lines 26' American Can 44'i American Motors 18 AT&T 119' American Tobacco 28' .Anaconda Copper 46H Armco .. MJ4 American Standard 16' Santa Fe Pfd 28J Bendix Corp 50H Bctldehcm Steel 29 Boting Air 32'i Caterpillar Corp 43H Chrysler Corp 57H Coca Cola 95i CBS. 63 Columbia Gas 29H Continental Can 45'i Crown Zcllerbach 46'i Crucible Steel 21 Curtiss Wright 19'i Dow Chemical 59 Du Pont 237 Eastman Kodak 108'i Firestone 32'3 Ford aO- General Electric 78 General Foods 81S General Motors 71'4 General Portland Cement 20H Georgia Pacific SO'i Greyhound ',39'i Gulf Oil 48' Homestake 5H Idaho Power 321. I.B.M. 434', Int Paper 28i Johns Manville 46'j Kcnnccott Copper 72'j Lockheed Aircraft 493 Martin 18'i Merck 93 Montana Power 38 Montgomery Ward 3TA Nat'l Biscuit 51?i New York Central 20Vi Northern Pacific 46 PacGasElcc 3 Pi Penney J. C. 40H Penn ItB 18 Permanente Cement 16 Phillips 51 Procter Gamble 73'A Radio Corporation 68M: Richfield Oil 4214 Safeway 58 Sears ' 88 Shell Oil ' 43 Socony Mobil Oil 69 Southern Co 55'i Southern Pacific 34',i Sperry Rand . 15 Standard California 66 Standard Indiana 61 Standard N. J. 70'i Sun Mines 11 Texas Co. 72 Texas Gulf SuKur 14V Texas Pacific Land Trust 21 Thiokol 35 ti Trans America 52 Trans World Air 18'ij Tri-Continenlal 4ti,.ii Union Carbide 105H Union Pacific 39" United Aircraft 44!i United Air Lines 3814 U.S. Plywood 57',i U.S. Rubber 45', U.S. Steel 4614 United Utilities 38 West Bank Corp 39 Wcstinghouso 34 MUTUAL FUNDS Prices until 10 a.m. PDT May Bid Asked Affiliated Fund 8.06 . Atomic Fund 4.55 Blue Ridgo 11-65 Bullock 13.28 Chemical Fund 11.33 Colonial Fund 11.38 Comw. Inv 9 82 Diver Growth 8.63 Dreyfus 17.09 E It H Stock 13.75 Fidelity Capital 8.64 Fidelity Trend 14.35 Fundamental 9.79 F.I.F. 4.31 Founders und j.07 Group Sec Com 13.23 Gr Sec Avia El 6.70 Hamilton H.D.A 48 Hamilton C-7 5.00 Incorp lnv. 6.98 ICA 10.43 Investors' Group Intercontinental 600 Mutual 11.35 Stock 18.41 Selective 10.44 Variable 6.72 Keystone S-l 21.82 Keystone S-3 14.71 Keystone S-4 4.15 MIT. 14.73 M.I.T Growth 813 Nat'l Inv. 15.13 Nat'l Sec Div 411 Nat'l Sec (iron 111 7.79 Nat'l Sec Slock 7.92 Putnam Fund . 14.94 Putnam Growth 8.69 Sleeted Amer 9 66 Shareholders 10.82 Supervised Inv Serv 7.37 8.72 4.97 12.72 14.53 12.3! 12.44 10.73 9.46 18.58, 14.86 9.39 15.60 10.73 4.72 6.60 14.49 7.35 5.46 7.63 11.40 6 49 12.26 19.1K) 11.17 7.26 23.80, 16.05 4.34 16.10 8.89 1638 4.49 8.51 8.66 16.33 9.50 10.44 11.83 803 15.86 19.00 7.46 13.44 7.36 5.74 15.76 14.72 United Accum 14.51 17.48 6.83 12.30 6.73 5 25 14.46 13.62 United Canada United Continental United Income United Science Value Lines Wellington Whitehall Potatoes PORTLAND tUPI) - Potato market: Steady; Calif. Sz. A Long White 4.00-4.50; tome best 4.75; sized 2 oz. spread 5.25-5.50; Bakers 4.50- 4.75; Round Reds 2.75 - 3; Wash Round Reds 2.40-2.63; White Rose Si. A 4.23, U.S. No. 2s 3.15-3.40 Oregon Si. A White Rose 4.00-4.2j, U.S. No. S'i 3.15-3.40. 13 WALL STREET Wall Street Chatter NEW YORK (UPH - "It has been correctly said that investor psychology is never so bullish as when the market is approaching a top," notes Kenneth Ward of Hayden, Stone & Co. Human nature tends to believe than when stocks are advancing strongly they will continue in the same direction and when they arc going down they will decline some more. Ward says. But lie notes that this does not coincide with the kind of market we've been having. "While the autos, rails and oils moved sharply higher during the previous upswing, the steel, building, paper, aerospace and other groups did nothing, or even sold lower," he said. Bache & Co. says that some further near-term correction may be necessary before the market meets firm support. It notes that second quarter earnings reports have made food reading and it believes many stocks will contin ue to post gains on more of this news in the weeks ahead. Standard & Poor's says that augmented cash reserves should be maintained until such time as the list shows signs of establish ing a solid base. "Long term po sitions need not be disturbed," it says. Martin Gilbert of Van Alslyne Noel & Co. does not believe the market will go lower at this point "Unsettling news items have been discounted and a look ahead sug gests mora favorable develop ments," be says. Gilbert looks for a rally of between 15 to 20 points m the Dow-Jones industrial average. LIVESTOCK KLAMATH FALLS LIVESTOCK AUCTION MARKET July 30 Receipts: All Cattle 137: Calves 20; Hogs 18: Slieep E3, Last week: Cattle 110; Calves 30; Hogs 21; Sheep 30. Compared last Tuesday slaugh ter heifers and high utility cows steady; cutler and canncr cows .50 lower; hogs steady; too lew teedcr cattle to establish mar ket. Slaughter Cattle: Heifers: Good- Choice, 800 - 920 lbs., 22-22.75; Std., 18.50-19. Cows: Utility, 13.60-14.90; Can- ners-Cutlers, 8.70-13.60. Bulls: Utility & Cmcl., 18.10-19.- 40. Calves: Std.-Good, 350-450 lbs, 21.00-23.30. Stockcrs 4- Feeders: Slcers: loo few to establish market. Heifers: Med.-Good, 525 lbs.. 19.10-22.10. Steer Calves: Good, 330 500 lbs., 25.00-26.75. Heifer Calves: Med.-Good, 450- 500 lbs., 21.25-23.10. Cows: Good, pairs, 205-220. Baby Calves: Duiry, 6-10 per head. Hogs: U.S. 1 & 2 Barrows 4 Gilts, 185-195 lbs., 18.30 - 19.20; Feeders 160 lbs., 16.60. Sheep: Slaughter lambs. Choice prime, 105-130 lbs., 18.10-19: Feed er Lambs, Good-Choice. 88 lbs., 17; Slaughter Ewes, 2.60-4. Reported by Ray O. Petersen, county extension agent. PORTLAND (UPl)-(USDAl -Livestock: Cattle: 150. Cows, cutter and utility dairybrcd 12-14.50. few can ners 10.50. Not enough other sales to test trading. Calves: 25. Single good vealer 25, utility 20, few culls 1314. Good and choice steer feeders 28 29, few medium and good 22-23. Hogs: 150. Barrows and gilts, mixed 1-2 20.50, few 2-3 19.50. Sheep: 400. Spring slaughter lambs, choice and prune 18-18 25, few high good and choice 15.23- 18. Choice shorn feeder lambs No. 3 pells 12.50-13. Grains CHICAGO (UPIi-Urain range: Wednesday, July 31. Klamath Fallf, Ore. High Low Close Wheat Sep 1.79'j 1.71 1.79'i-1.79 Dec 1.95U 1.84'i l.84-'i Mar 1.88 1.87 1 87 May 1.82 1.81 1.81'a Jul 1.33 1.51' 1.54Va Sep 157 1.56'i 1.56'i Oats Sep .64'. .63 .63 Dec .66 .66 .liti'i-H Mar .68 .68'j .68 May .68' .68 M Rye Sep 1.23 1.251 1.25 Doc 1.28 1.28U 1.28 Mar 1.31 1.30 1.31 May 1.30 1.29 1311 Stocks LOCAL SECI R1T1KS Kid At.krd Bank of America 63i m Cal Tac Util 251. 27'it Con Freight 10 Wn Cyprus Mines 243. 20 Equitable S & L 321 345( 1st Nat'l Bank t7' 7U' Jantzcn 22't 2r Morrison Knudsen 30H 31H Mult Kennels 4a 4, N.W. Natural Gas Nd 34'i ' Oregon Metallurgical 1 W P(iE 2V; 2iH4 Pl'StL 2ii'4 27'. U.S. Nat'l Bank 77 Hl'j, West Coast Tel 22H 24'. Weyerhaeuser M'i 3.". I . T 1 Vj f 1 mm m M THE SAWDUST RINGS The circus is coming to town. The big trucks that brinq the wild animals, the gentle elephants, the trick dogs and the lovable chimpanzees will roll into the Klamath County Fairgrounds. The friendly folks who are the big-name per formers will check their sparkly costumes and every rope and wire will be tested by the ground employes. Among the numerous spine-chilling and thrilling acts will be The Royal Dorchesters, internationally known who have performed before Queen Juliana of the Netherlands, a prince of Siam and before Winston Churchill when he was prime minister of England. The family of Dorchesters is true circus aristocracy as riders and trapeze performers. Above they form a pyramid atop four perfectly trained horses They will perform at the 15th annual Polack Bros. Shrine Circus at matinee and eveninq shows, Friday and Saturday, Aug. 2-3. Good seats are still avail able at the Klamath Falls Auditorium ticket office. Show times will be 2:30 and 8:15 p.m. Court Upholds Unions In Labor Controversy SALEM (UPD-Thc Oregon Su preme Court today upheld dissi dent union members in their suit against the Hoisting and Portable Engineers Local 701 in Portland. The decision means the Multno mah County Circuit Court will re tain jurisdiction of the union's af fairs. The court supported the decision of Multnomah County Circuit Judue James W. Crawford, wholdonce showed the officers failed to also granted attorney fees to un - ion members who brought action against the local and appointed nublic accountants to supervise an impending election and audit tne union s books tor a year. The high court removed from the decree the order of the lower court to spend $22 to reproduce and distribute 4,000 copies ol lis Merrill Plans Circus Buses MERRILL Tickels purchased in Merrill for tJ-e Polack Broth ers Shrine Circus win permit many children to attend this year's performances Aug. 2-3 in Klnmath rails. Buses will leave from the high school on both days promptly at 1:45 p.m. for the 2:30 p.m. mat inee shows. No children under the age of 6 will be permitted to travel on the bus alone. Any adults wishing to help su pervise or take their children may purchase adult tickets from Lon Penny at the Merrill doming Stoic. Tickets for children may be obtained at the bus. Obituaries SKILUINOSTAD Elmtr Melvln SkllllngitAd Jr., Infant ion of Mr. And Mrs. Elmar Sklltinaslad of Chlloquln. died July 30. 1V6J. in oddi tlon to fls partnts. tia li survived by Ihret brotharft, Weslay. Donald. Timo thy, one alitor. Alica. all ot crtiioquin orandmother. Mrs. Oscar Mltlhun, La- pine. Oraveslda services will be netd Friday, Aug. 2. at 3 p.m. In Eterna Hills Memorial Gardens. O'Hair's Me morial Chapel In charge. Funerals LANO) Funeral rvlces tor Ellsworth Gary Iapio will be held Thurickiv. Auo I 10 a m. in O'Hair's Memorial Chapel Interment in Hill Cemetery. CLARK Funeral services tor Josephine Clarh will be held Thursday. Aug. I. at I.JO D m in O'Hmr's Memorial Chapel, lermenl Klamath Memorial Park. DANIEL Funeral services lor John Franklin Daniel will Irike place from the chapel Wards Klamath Funeral Home on Thursday. Aug. 1, ' 13. v 2 D m. Concluding services In Klnmath Memorial Park. ATTENTION FARMERS! IP 2135 So. 6th and So. 6th and Crait HOIST OIL ond ; CUTTING : OIL : UKIT AteXMl Sr S A. . order to all members of the union. Charles E. Gilbert and other un ion members had charged that its officers had been picked in a fraudulent election, that they held office beyond their lawful terms and that the membership was pre vented from electing trustees and auditors. The Supreme Court said evi- jobserve the union bylaws and con- stilution regarding Hie election of trustees and auditors and that )iere was evidence of irregulari ties in previous election proce dure, I'i (fe) l Bti&alfifiittlia .tAWH Man Injured In Accident A 47-year-old Klamath Falls' man was injured in an automobile accident -on Highway 39, near Merrill, about 11 p.m., Tuesday the Peace Ambulance Service has reported. Injured was Lawrence E Woods, 4500 Green Springs Road, who was . transferred by Peace Ambulance to the Klamath Val ley Hospital, where he received emergency treatment and was re leased. The stale police had no informa tion relating to the accident and details were not available from any other source. If wll . ; (ominunttij ; I Lalendar j THURSDAY NATIONAL FEDERA TION FEDERAL EMPLOYES, Local 704, 8 p.m., meeting. Coun ty Library. Bring rummage. MERRY MIXERS, 8 p.m., reg ular meeting. Merry Mixer Hall. KLAMATH STAMP AND COIN CLUB, 8 p.m,, meeting. 623 Main. Visitors welcome. ROYAL NEIGHBORS OF AM ERICA, 8 p.m., meeling. K.C. Hall. FRIDAY RUMMAGE SALE, Beta Sigma Phi, 9 a.m. to 4:30 p.m., Clyde's Towing. MERRY MIXERS, 8:30 p.m.. square dance, Merry Mixer Hall. Bring refreshments. SHASTA VIEW GRANGE, 6 p.m., potlucK picnic, wiara rails. All grangers invited. Y-NE-MA T W I R L E R S, 8:30 p.m., square dance, at. 'rauis education bldg. Bring cookies. ALOHA SOCIAL CLUB, OES, 12:30 p.m., annual polluck, Mrs. Herman Gisvold, 310 pacinc ter race. Police List Drive Case City police arrested Marie E. Barkley, 21, 1214 Kane Street, at 12: 13 a.m. Wednesday on charges of drunken driving and no oper ator's license alter a city patrol man saw her car run over a .urb as Miss Barkley attempted to turn at the corner of Alameda and Esplanade avenues. Miss Barkley tested .20 in a blood test given at Klamath Val ley Hospital. A test of .15 is con sidered evidence ol intoxication, She is being held at the city jail in lieu of $325 bail. The arresting patrolman said Miss Barkley sped away when he tried to stop her and he pur sued her car at a speed of 45 miles an hour down Alameda Avenue. The patrolman called for assistance and a road block was set up at Washburn Way and Alameda. The driver swerved around the road block and was .pursued by a second squad car at speeds up to 80 miles an hour before she stopped her car, according to po lice reports. v .iiuu'iiiiiiiiiiniilililini Weather High and low temperatures in the 24 hours ending at 4 a m. PDT today. H'Sh Low 43 47 48 53 52 56 33 52 59 Aturia Baker Brookings Med l ord North Bond Pendleton Portlund Redmond Salem Tlie Dalles Chicago Los Angeles New York Phoenix San Francisco Washington 68 84 78 87 66 84 70 83 73 79 83 80 86 104 K3 90 72 63 63 84 54 68 The Dalles. Hood River: Fair tluouiih Thursday. Lows tonight 55-60. Highs Thursday 78-83. Winds west to northwest 8-I0 MfH in creasing to 15-25 Ml'H in after noons. Bend, Baker. LaGiande: Fair through Thursday. Lows tonight 38-45. Highs Thursday 80-fo. Portland- Vancouver: Night and morning cloudiness with mostly sunnv afternoons through Thurs day. Lows tonight near 55. Highs Thursday 70-75. Western Oregon: Late nignt ana Jury Okays Guilt Count A circuit court jury returned a verdict of guilty against Homer Leon Moran, charged with pub lishing a forged bank check, fol lowing a one-day trial in the court of Judge Donald A V. Pi per Tuesday. The jury reached its decision at 9:30 p.m. and an nounced it to District Judge Rob ert B. Kerr, who received the verdict for Judge Piper. The vote nas 11-1. Moran will be sentenced at a date to be set later by the latter judge. He had been on probation two weeks for publishing a pre vious fictitious check when he was apprehended on the recent check charge in May. In other circuit court proceed ings this week, Judge David R. Vandenberg set Aug. 6 as the date for the sentencing of Ev erett Decker, convicted Monday for the larceny of two saddles be longing to Louis Hutchinson. The saddles were in the cus tody of Louis' brother. Francis, in Beatty. at the time of the theft last February. The jury voted 10-2 for the ver; diet of guilty. SHIP T TU 4-4151 The layered look Mohair and Wool HAND KNIT ITALIAN BULKIES Roundup morning clouds along the coast and over north interior, otherwise fair through Thursday. Lows to night 45-55. Highs Thursday 70-78 in north interior, 80-88 in south in terior and 68 along the coast. Eastern Oregon: Fair through Thursday with little temperature change. Lows tonight 40-50. Highs Thursday 80-90. Five Day Weather Western Oregon: No rain. Tem peratures averaging near normal with highs 65-75 along the coast. 70-80 in north interior, and 80-90 south interior. Lows in 50s. Eastern Oregon: No rain. Tem peratures averaging near normal with highs in 80s and lows 45-60. Firefighters Mopping Up Iiv United Press International About 500 firefighters were mop ping up a blaze that burned 22,000 acres of rangeland north of Weis cr, Idaho, the Bureau of Land .Management reported today. The fire, believed to be man caused, broke out Sunday. Forestry officials reported no large fires in the Northwest to day. The U.S. Forest Service put out 15 in Oregon and Washington in the 24 hours ending at 10 a.m They burned a total of 12 acres The State Forestry Department reported five fires, all man caused, started Tuesday. Three small grass fires caused by ciga rettes and children playing with matches broke out in the South west and Douglas districts. A smoker-caused fire and an un controlled camp fire were report ed in northwestern Oregon. High fire danger was forecast in all areas of the state except the Const Range and the Cas cades today. Cook Attends National Meet County Treasurer Eva Cook is In Denver attending the National County Officers and Finance Of ficers Association's annual nation al convention which started with registration Sunday and ends to day, Wednesday. Mrs. Cook, secretary - treasurer of the association, will take two days' vacation following the con vention and will return to her desk next Monday. 0 9?' ith , tw "k " trash on9",t",1.. TU Ailir3 ltl Soft, lush mohair and wool blends in new exciting fall colors. All hand knit ... all hand fashioned. All in sizes 36 to 40. White, red, olive, pink, cranberry and blue. a atT. i im On The Record KLAMJl I'M PALLS BIRTHS OVS MERRILL Born to Mr. nd Mrs. Rob- frt Merrill in Klm4th Valley Hospital July 2t boy wcignmg ids., on. NOR T HON Born to Mr. And Mrs. Lr Nortnon in Klmih Valloy Hospital July 24 boy ttttghing 7 U.. iri ou. COAT ES Born to Mr. and Mrs. Den R. Coates in Klamath Valley Hospital July 24 a boy weighing I lbs.. on. OIRLS GEORGE Born to Mr. and Mrs. Bob by George in Klamath Valley Hospital July 23 a girl weighing lbs., ois. NICHOLS Born to Mr. and Mrs. Hugh Nichols in Klamath Valley Hospital July 24 a girl weighing 7 lbs.. 10 ou. DAUQHENBAUGH Born to Mr. and Mrs. John R. Daughenbeugh in Klamath Valley Hospital July 24 a girl weighing $ , 1 CIS. 1H1 SUMMARY oys: 379 Girls: 2J3 Services Held N For Ira Foster Funeral services were h e, 1 d Monday, July 29, from O'Hair's Memorial Chapel for Ira M. Fos ter, 68, who died at Hillside Hos pital July 26, apparently following a heart attack. Interment was in Eternal Hills Memorial Gardens. He was a native of Corning, Iowa, born March 3, 1895, and was married Feb. 16, 1918, to Min nie Woods at Leon, Iowa. Mr. Foster served during World War I in the Second Division and was wounded in the Argonne bat tle. He was a member of the As sembly of God Church. Survivors include the widow, Minnie of this city: two daugh ters, Mrs. Gcraldine Wall of Grants Pass and Mrs. Virginia Darling of Klamath Falls; seven grandchildren; three great-grandchildren; five sisters and several nieces and nephews. Elks Prepare Annual Outing Members of Klamath Falls Elks Lodge No. 1247 and their immediate families will picnic in the Malin Park Sunday. Aug. 4. Beverages will be served from 11:30 a.m. to 2:30 p.m. Serving at the beef barbecue will start at 1 p.m. Silverware must be taken. There will be entertainment, plenty of shade, and old and new friends to meet. Identification cards for each member of the family should be picked up at the park entrance. Don't Neglect Slipping FALSE TEETH Do false teeth drop, slip or wobble when you talk, eat, laugh or sneeze? Don't be annoyed and embarrassed by such handicaps. FASTEETH, an dlkullnc (non-acid) powder tosprln kle on your plates, keeps false teeth more (irmly set. Gives confident feel lnt; of security and added comfort. No gummy, poocy. pasty taste or feel Inn. Get FASTEETH today at drug counters everywhere. V imiiiliiiitiiiiillnirWmlBtiiilffl
