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
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