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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Aug. 15, 1963)
PAGE 4-A HERALD AND NEWS, Thurwlay, August IS, Klamath Falls, Ore. 1963 MARKETS and FINANCE Stocks I', NEW YORK STOCKS 6y United Press International Allied Chemical Alum Co Am American Air Lines American Can American Motors AT&T American Tobacco Armco American Standard Slanta Fe Pfd BxKx Corp Bethlehem Steel Boeing Air Caterpillar Corp Chrvsler Corp c.b!s. Columbia Gas Continental Can Crown Zellerbach Crucible Steel Curta Wright DoV Chemical Du'yont Eastman Kodak Firestone Ford General Dynamics General Electric " General Foods General Motors General Portland Cement Geor?ia Pacific Greyhound Gulf- Oil Homestake Idaho Power I.B.M. Int Paper Johns Manville Kennecott Copper Lockheed Aircraft Mjiin Merck Montgomery Ward Nat'l Biscuit New York Central Northern Natural Gas Pa? Gas Elec Pepncy J.C. Penn RR fermanente Cement Phillips Ptocter Gamble Radio Corp Richfield Oil iL'eway Sears Shell Oil Socony Mobil Oil Southern Co Southern Pacific Sperry Rand Standard California Standard Indiana Standard N.J. 5un Mines tas Co. ftxas Gull Suliur fexas Pacific Land Trust 'fjfokol tfans America Tjans World Air Tr Continental Union Carbide ' Union Pacific United Aircraft United Air Linos : UtS- Plywood US.' Rubber lS" Steel tSllCed Utilities tfest Bank Corp XSeslinghouse SOV'a 64 'i 27i 45' 17 124'i 27 60 17 29'A 52 31'4 33i 44 6 1 ' i 67'A 30'i 46 49 24 21 59',4 244 Vt 110'i 34 52 23 81 83 72 21 49 43 49 51 34 454 30 48 72 36 18 100 39 54 21 54 32 43 19 17 51 79 71 47 61 93 46 70 55 37 14 66 65 70 11 72V. 16 22 22 54 22 46 107 40ft 44 4d mi 49 49 38 42 36 WALL STREET NEW YORK (UPI) - Rails soared in heavy trading in an ap parent false alarm over a settle ment of the rail dispute. Rail stocks climbed rapidly fol lowing a statement by AFL-CIO President George Mcany Secre tary of Labor Willard Wirtz had made a proposal which had been accepted by the five rail unions involved in the work rules dispute. But no sooner had the climb started than a denial was issued by a Labor Department spokes- man who said the situation still was stalemated. Meany later ad milted he had "misunderstood' reports from Washington. Prices began ailing from their highs and in some cases closed lower. At the peak, Norfolk & Western was up 2, New York Central 2. Great Northern 2, Illinois Central 3, and Nickel Plate 2 WALL STREET CHATTER NEW YORK (UPI) - Good- body & Co. feels the market's next objective, barring a major crisis, will be the 726 level in the Dow-Jones industrial average. However, the firm says, as this goal is reached increasing resist ance can be expected and the counterplay of offerings and their assimilation may result in some backing and filling over the next few weeks. Arlhur Wiescnberger & Co. says that unless further shocks to investor confidence occur, the ta vorable economic and business climate should encourage a re turn of funds to the market and push prices to new high levels in the period ahead. 3r if CHILOQUIN DISTRICT WORK NEARS END The new headquarters of the Chile quin Ranger District in he Winema National Forest were nearing completion today as employes of the Quality Builders Company, Klamath Falls, were in the final stages of work on the office building, warehouse, a 10-man barracks, oil house and four dwellings. The contract deadline is Sept. 27. Another contract for an equipment stor. age buiding and three dwellings was completed July 25 by the Kyij Construction Company of Portland. Part of the $200,000 building project which started last March was financed from Federal Accelerated Public Works Program funds. Bache & Co. says it doesn't ex pect (lie market to rise straight through to new high ground with out pausing from time to time. However, the firm docs feel the market, on a day to day basis, is acting impressively. Analyst James Dines feels that at Oiis time the odds are still pointed to a mildly higher mar ket, but summer doldrums and signs of internal deterioration have combined to make this a tenuous period for the market. LIVESTOCK PORTLAND (UPI) -(USDA) - Livestock: Cattle 25; no early test. Calve 25; no early test. ' Hogs 7; no early sales. Slicop 200; no early sales. Grains CHICAGO (UPI) -Grain Range High Low Close ,' Wheat State Halts Pay Slash For Employes SALEM fUPII-Plans to have 650 suite department of employ ment workers take a onc-slep pay cut were abandoned today, em ployment Director David Cameron announced. Instead, all employes will be laid off for one or two days next month. It as announced Wednesday that 100 department employes would be laid off, and that 650 remaining workers would get pay cuts. The State Civil Service Com mission, which met here Wednes day, voiced objection to the one stop reduction in the pay scale. Instead the commission recom mended one or two day layoffs. The pay cuts will average about S15 a month. The cutbacks were ordered be cause congress has failed to ap propriate funds to operate the de- nartmcm. Because, of the financial crisis, ,four department field offices have been closed, and others have been out on a part time basis. The 100 employes to be laid off are scattered throughout the state. District Selects Heaton To Replace Ned Putnam Charles Heaton, 4012 Homedale Road, was appointed yesterday to fill the unexpired term of Ned Putnam on the South Suburban Sanitary District's Board of Di rectors, the Klamath County Court disclosed Thursday. Putnam, a member of the board for the past 2 years, resigned from the post Aug. 6 to devote more time to his logging business. His term of office was to termi nate January, 1964. Heaton's appointment to the post was approved by the county court upon the recommendation of the: Board of Directors of the sani tary district. A native of New Jersey, Heaton came to Klamath Falls in 1936 and went to work for Weyerhaeus er Company, where he remained until 1940 when he opened the Heaton Steel and Supply Company on Spring Street. Some years later he' moved the business several doors down the street to its pies- MUTUAL FUNDS ' until ID a.m. ruT loaay ..- Bid Asked Abated Fund A'tpmlc Fund ' Bhie Ridge Bullock Chemical Fund Colonial Fund Qornw. Inv. tver Growth Btcyfus B:& H Stock Fidelity Capital Fidelity Trend Fundamental Irl.F. riundors Fund Group Sec Com 6r Sec Avia El Hamilton H.D.A. i&milton C-7. fnjrorp lnv. Investors' Group tintercontinenlal I Mutual ; Stock Selective Variable Keystone S I Keystone S-3 krystone S-4 HIT. it I T. Growth Nnt'l Inv. Soti'l Sec Div Niit'l Sec Growth Nat'l Sec Stock Putnam Fund Putnam Growth Shareholders United Accum V'niled Canada United Income Unked Science V.iltie Lines Wellington Whitehall 8.24 4.67 11.93 13.56 11.66 11.64 10.01 8.86 17.70 14.10 9.02 14.98 10.01 4.42 6.27 13.45 6.83 5.00 5.13 7.19 1068 6.05 11.56 18.94 10.50 6 91 22.40 15.12 4.22 15.18 8.38 1556 4.14 8.04 800 15.13 8B5 11.02 1487 17.56 1260 686 5.33 14.72 13.78 8.92 5.10 13.04 14.86 12.68 12.72 10.94 9.71 1924 15.24 9.80 16.28 10.97 4.84 6.82 14.73 7.38 5.61 7.86 11.67 6.54 12.49 20.44 11.23 7.47 24.44 16.50 461 16.59 9.16 16.92 4.54 8.79 8.74 16.54 9.67 12 04 16.75 13.77 7.50 S.83 16.04 14.90 Sep 1.79 1.78 1.79 Dee 1.83 1.83 1.85 Mar. . 1.88 1.87 1.88- May 1.83 1.81 1.82- Oats Sep .63 .63 .63 Dec .66 .66 .66 Mar .68 .68 .68 May .68 .68 ,68b Rye Sep 1.26 1.25 1.26 Dec ' 1.29 1.28 1.29 Mar 1.33 1.31 1.32 May 1.31 1.30 1.31 ent location at 428 Spring Street. Heaton and his wife, Hazel, have two sons, Larry and Harold. Other members on the three- man board of directors are Wal ter Nitzel (chairman) and Homer Amoreaux. Potatoes PORTLAND (UPI) - Potato market: Steady; Calif. Sz. A Long Whites fine qual. few 4.50-4.75; sized 2 oz. spread 5.25-5.50; Round Reds in cluding Sz. B 2.50 - 2.75; Wash. Round Reds 2.50-2.75; White Rose Sz. A 3.60-3.75 Bakers 4-4.25; U.S. No 2s 2.50-2.75; U.S. No 2 Bakers 2.85-3.10 Russets 4.25-4.50. Oregon Sz. A Whito Hose 9.50-3.75, few lower, Bakers 4-4.25, Russets 4.40-4.50. On The Record KLAMATH FALLS BIRTHS I BOYS riiti pp Born to Mr. and Mrs. Jese , Luroy BuMr In Klamnlh Valley Hospital Aug. 13 boy weigning a ids.. 01. PHYM Born io nnr. onu mu. - Rhyro In Klamalh Valley Hospllal Aug. i 13 a boy weighing 9 lbs.. 1 01. BUN YARD Born to Mr. and Mrs. Lee R. Bunyard In Klamalh valley Hospital Aug. 13 0'M weiqnmg ioi.t n v. 11 SUMMARY Boys: 307 Girl: 780 Obituaries GIBSON Raymond R. Gibson, 53. died Aug. 13, 101 um u turwiueri bv the widow. Vera; two daughters. Linda and Pamela, all ot Klamath Fallsi nis mower, mrs. jonn j. Ketley, and brother, Art Gibson, Port i.nH cnnr1 tervlctM will be held Thurs day. Aua. IS. at 3:30 p.m.. In O'Halr's Memorial Chanel, wllh Interment In Eter nal Hills Memorial Gardens. KOHLER Tlriah Mlna Kohler, 73, died In Salem, Ore., Aug. 14. 1MJ. Survivors: sons, Oro villa and Ralph Sukraw, Klamath Falls, Douglas Kohler, Klamalh Falls; aaugn ir. Jinnla Keller, nolhenburo, Kan., a Malor, Roscoe, Neo.. wrs. marvin Sukraw. North Platte. Neb.t also it grandchildren and tour great-flrartocnu-dron. Funeral services, Ward's Klamath Funeral Home Monday. Aug. i. at p.m. Concluding services. Mt, Lakl Cemetery. Peace Corps Test Dated A Peaco Corps placement test will he administered at the Klam ath Falls Post Office Saturday, Aug. 24, at 8:30 a.m. The site of the test has not been changed despite the construc tion at the post office building. Applicants for the Peace Corps must be American citizens at least 18 years old. The equivalent of a high school education is the mini mum requirement. For leaching assignments and some other jobs, college degrees are required. Harried couples are eligible if both qualify and there arc no dependents under 18 years of age. The test to be given Aug. 24 is non-competitive and an applica tion for the Peace Corps may be obtained from the Klamath Falls postmaster. The test will be ad ministered in room 202 of the local post office. Driver Cited In Accident Oregon State Police have arrest ed a Klamath Falls motorist for being drunk on a public high way after the car he was driv ing collided with another vehicle at the intersection of Alameda Avenue and Shasta Way, about 8:30 p.m., Wednesday. Lodged in the county jail pend ing arraignment in district court today was Jack C. Wilson, 43. of 433 North Tenth Street. Wilson was eastbound on Shasta Way when he entered the intersection and collided with an automobile operated by Billy Willmon, 34, of Albany, who had been northbound mil. on Alameda Avenue. There were pin I no injuries, Wilson's car was damaged on tlie right rear door and fender. while damage to the other vehicle was apparently less extensive. Expert Says Tests Caused Bad Weather PORTLAND ILTD-Noled Den ver Scientist Dr. Irving P. Kiick. president of the American Insti tute of Aeroiogical Research, says residents of the Pacific Northwest ought to resign themselves to tlie same kind of "unseasonable damoich weather" they've experi enced this year. Speaking at (lie 67th annual con vention of the National Assocaition of Mutual Insurance Companies, he blamed tlie situation on high altitude nuclear explosions by the Soviet Union and the I'nited SUitcs And. he said, tlie reeMilly signed nuclear test ban will not help the situation in the nvm i. -vivnl hourlv increase over This summer's weather has brriiiihrvf viirs. This was rejected, a source of hurt pride lor man) ;Suhr -n srwral TOC members. Orcgouans. j.,anl t;,si;ia I'.nilic linn and Dr. Krick said the hieh-allitudr .the Si. Iue setl'nl on the Imber Vnims, TOC B Meet To ml Strike k cutback PORTLAND ILPII Negoti ators for tlie Timber 0)crators Council i TOO and the tuo lum ber unions met here today to try to ring down tlie linal curtain on the wae dispute that resulted in the Northwest lumber strike. At the same time, anolher set tlement on the 311'j ivnt hourly formula over three years was an nounced. Pollali'h Forests. Inc. and the International Woodwork ers ot America h.a'. mcuu liwnient in Lrwitnn, Idaho, on Ihree vear contract covering 3. iH) union members. Potlatch had not txH-n struck. Tlw I'Xi iiHMnlvr TOO lat met with the unions July 23 and oflered nuclea- tests have had a tremen dous effect on atmospheric condi tions, changing jet streams and bringing extremes in weather conditions. Oregon has ex perienced precipitation, w hile oth er areas have had extreme cold or dryness. The white-haired scientist ho has set up dozens of weather) modification projects in the t in ted SUtes, Canada, and toreisu countries said his organization predicicd tlie weather develop ments which have occurred this year. His theory is not a simple equa tion such as the hydrogen bomb equals bad weather, but it is something similiar: "Something like nuclear explosions causing chan5e in both the course and in tensity of the jet stream." ;;0'j cent loimul.i The TtX' nuvling with the 1WA dihl the Lumber and Sawmill Workers I'nion tLSW'i was sche duled at 1 p.m. with federal medi ators present. Only a few hundred men of the more than 29.000 Ktlefl at the heisht of the dispute remained) idled. Principle company remain ing struck was Menasha Plywood at North Bend with 325 men out. PORTLAND (UPI -The Lum ber and Sawmill Workers Union ami St. Regis Corp., Wednesday signed a three-year wage increase Burning Brings Double Alarm Citv firemen were called to Plum Street twice Wednesday aft ernoononce to a grass fire and the second time to an unauthor ized trash burning. The first call was at 2:30 p.m. Firemen extinguished a small grass fire in the 700 block of Plum in a vacant lot. Firemen said the blaze apparently was started by sparks from another nearby fire. At 5:10, the firemen went to Fourth and Plum to caution a man about burning without a per. Police Find Stolen Tires Three of nine tires reported stolen from a local service sta tion last Friday were discovered floating in the "A" Canal, near Ihc Klamath Irrigation District Headquarters, about 7:30 p.m Wednesday, Oregon State Police have reported. The tires, among various items burglarized from the Allan Klus Richfield Station, 3640 Summers Lane, were found by Stanley Fer guson, Rtc. 2, Box 679B, and transferred to police. The service station was one of our business establishments in the vicinity of the Town and Coun try Shopping Center which were burglarized the same night. State police are continuing in vestigation of the breakins. settlement for the firm's Klickitat, Wash., operation. The contract follows tlie formu la set earlier in settlement with the Big Six Association, a bargain ing group of which St. Regis is a member. Tun St Recis oneralions, at Khikilat and at Libby, Mont were not included in the earlier settlement however, an Low siHikesmau said. The contract provides 30'i cents XT hour over tnree )ears, n 10 cents retroactive to June i, 1963. The agreement involves some 330 men in tlie sawmill, box factory and woods operations. A meeting was scheduled lor Friday to attempt a settlement tor the l.ibhv, Mont., operation, which would involve more than 900 workers, the spokesman said. Benefit Set For AF Aid A benefit dance for the Air Force Aid Society will be held at the Kinosley Field Service Club tonight from 9 to 11:30. The dance, sponsored by the Airmen's Council and Junior Host esses, will feature the Trespass crs. a rock n roll band com posed of members from Ashland and Tulelake. A minimum contribution of 50 cents is requested, and all dona tions will be given to the Air Force Aid Society. The purpose of the Air Force Aid Society is to assist A i r Force personnel who are sud-i denly faced with an emergencyj financial situation which they are unable to solve. Promoted Kingsley Field's information of ficer, Thomas G. Hanlin, has been promoted to first lieutenant Hanlin has been stationed at the field for two year. In addition to his duties there, he serves as publicity chairman for the Klam ath Junior Chamber of Com merce and the base Rod and Gun Club. Hanlin is a member of the Klamath Basin Red Cross board of directors and is Boy Scout Troop Committee chairman and a part-time scoutmaster. Employes of the Klamath Falls office of the Oregon Department of Employment today awaited word from Salem on possible cut backs in local service due to the failure of Congress to appropriate funds. The department says it will cut its statewide staff by 100 persons, but Klamath Falls oflice mana ger Leonard Sytsma said this morning he had received no word on cutbacks here. Also, the department has said it will ask remaining employes to take a one-step pay cut. Already, tlie branch office at Mt. Shasta, which recruits workers for Oregon farms, has been closed. along with offices in Oceanlakc, Mt. Angel and Hermiston. The closures come at a time when late summer crop harvests are beginning. The Department of Employment has protested the cuts in appropri ations to Sen. Wayne Morse and Congressman Al Ullman, who is on the House Appropriations Committee. The department operates on ea- eral funds, as do all state employ ment services in the nation. Mitchell LaoHc Chess Tourney Robert A. Mitchell, 1815 Wiard, is apparently going to take t h e championship of the second an nual Klamalh Open Chess Tourna ment, based on his showing during the first five rounds of a six-round louiiiaiiieui. Mitchell has not lost a match yet, and has garnered 22 points out of a possible 26 under the tournament's Swiss - scoring system. In the Junior Division (16 years and under), Eugene Cyrus, 331 South Eldorado, is leading with four wins and no losses in round robin play. Both divisions w ind up play next week. Below are the pairings for the 6th round (final) for the senior division: R. A. Mitchell (22 vs. Andy Moore O'.-i , Pete Behr (13'2) vs. Bill Knauss (9'i), Wes McKaig (10'z) vs. Dan Clillis (101, Paul Rood (8) vs. Ben Horn (7'i, John Powell 6!i vs. Kent Frank lin (41, Donald Keefe (4:li) vs. R. P. Mitchell 3. Ron Bickelt (3-li) vs. R. Parojinog (234), Jim Dyer (3'2) vs. P. K. Watson 2".i. LOCAL SECURITIES BID Asked fiurik of America - 68 fat Pac Util 2'j 28'a Con Frciglit 9'i I0' fyru; Mines 24"i 26'k jfiqiiltable S&L 31U 33 st Nat'l Bank 68 7H!i tTantzen 22' 24'i orrison Knudsen Ml1 32 Ijiilt Kennels 4' 4' Jt.ty. Natural Gas 35U 37(4 OrVson Metallurgical 1 1 PGE 27' 2SU rrttb 2"V4 U.S. Nat'l Bank 79'i M"4 West Coast Tel 22'i 24H Weyerhaeuser 31a 33 Services Held For Ray Gibson Funeral services were held Thursday, Aug. 15, at 3:30 p.m from O'llair's Memorial Chapel for Raymond R. Gibson, a resi dent of Klamath Falls since 1928. He was 53. Final rites and in torment were in Eternal Hills Memorial Gardens. Mr. Gibson, of tlie maintenance department of Oregon Technical Institute, died Aug. 13 at tlie family home. 1R25 Fremont, ap parently following a heart at lack. He had not been III previ ously and had worked as usual the day of his death. He was a native of Fitchburg, Mass., born Feb. 11, 1910. Tlie family came to Dunsmuir in 1913 where he was schooled and later to Klamath Falls. Survivors include Hie widow. Vera, two daughters, Linda and Pamela, all of Klamalh Falls his mother, Mrs. John J. Kelly, Portland, widow of the late John Kelly, longtime Southern Pncifici Hallway engineer, and one broth er, A. II. Gibson, of Portland. RinnowN NEW YORK ( UPI i - Before repainting inetal, remove all rust .spots by sandpapering or using steel wool. Touch up these spots with a metal primer before ap plying tlie top coat, advised tin? National Paint. Varnish and Lac Funerals LEWIS Entombment for Rost lwli will take place al Woodlawn Abbey, Sumner, Wash., at a later data. Ward'! Klamath Funeral Home In charge ot arrangements. Suspect Held A suspect in an Aug. 2 assault! and robbery case was arrested in Lakeview Wednesday and lodged in the Klamath County Jail on a charge of larceny. ' Bill Johnson, 31. 605 Broad Street, allegedly took $50 in cash and $70 in traveller's checks from Em,ory C. Wright, Claremont Hotel,'-after Wright was hit over the head with a whiskey bottle in front of the Honker Hotel. According to a report from the city police there is one more suspect in the case. HATFIELD Lcwli C. Hatfield, AS. died In Lakeview. Aug. M, I'M. He Is lurvived by his wid ow, tlllifl Hi Hie Id. Lakeview, And a step son, Lewis KAfacler, U.S. Navy. Services will bt held At 3 pm-, Frldny, Aug. 16. In the Oustty-Oslerman Chapel In Lake view, with commltUI at 3:45 p.m. In I he Fort Bid well Cemetery. BATf S Auouila May Bates. 47. dlrd here Aug. 14, 193. Survivors: Husband. Truman; son. Harold, both ot Ihls city; daughter, ties nor GMtner. Havsvllle, Kan.i parents, Mr. and Mrs. Charles Watklns. Fredonla, Kan ; also three grandchildren, Funeral services. Ward s Klamalh Funeral Homt Saturday. Aug. W. at 10 i Concluding services. Klamalh Memorial Park. MILLARD Melvln E. Millard, ?. died Aug 13. Survived by son, James: stepdaughters. Mrs. John Dunbar. Lakeview, Mrs. Dwayna Mulkey, Arlington. Ore. Grave side services 3 pm. Saturday, Aug. Wet'de Cemetery, Lakeview Arrange menu In charge ot Ousicy-Osterman. HUNT Marshall L. Hunt. 41, dtrd Aug. 14. 1W). He is survived bv Ms widow. Marie Hunt. Bendi a son, John Robert Hunt, Everett. Wash. j a daughter, Betty-Maria Marsha Baker, Btndi and a sitter, Mrs. Belly Stearns, Laplne, O Hair's Memorial Cha pal is In cn.irqa ol funeral arrange ments. Contributions may pa made to the Heart Fund. ROBERTS William C. Roberts. 7. flifd Aug. Survived bv the widow, Reetta. Mesa. Arir, children. vtlyd Kern. Klamath Falls, Farn Morri. $an Joe, Calif., James Ronerls, Wilbum Roberts- Burley. Idaho. Guy Robert, Redding, Gala Rob' erts. Carey. Idaho, Barbara Moon, Hev burn, Idaho) brother, Guv Roberts. San Mateo. Calif l sister, Lucy Taylor, Los Angeles. Funeral services will M held in Burtey Monday, Aug. 1, at 3 p m. Interment Pleasant View Cemetery, O Hair's Memorial Chapel in charge. Aik about daily "Buiinect Cat 4" SPOT ADS TU 4-1111 Learn How Experienced Investors Increase Earnings with COMMONWEALTH 53,(rf SECURED o BONDS A growing number of Incomo-minded Oregon Investors now use Commonwealth 5 se cured bonds to up-grade Investment earnings. If you have need of additional income you will want to consider the financial advantages of these high-grade securities. A prospectus con taining full information is available to you. PpSTl In KLAMATH FALLS Mr. Harry Clamant. Investment Coun r I ,-'1 talor and assistant Vlca President of "w"'g Commonwealth Invattora. Inc. will be For Complete Information Mai Coupon or Call Mr. Clement at the VV Ne Ma Hotel, Aug. 22nd mrzzTz-'yr 1 yOMMONWEALTH lVUfalLINC. CA 8-8141 I 200 Equitable Bldg., Portland 4, Oregon Send complete information about j Commonwealth Bonds. Have Mr, Clement call me for appointment. 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BIG 46"xl8" DESK TOP PRICED FOR THE WISE BUYER STORES OVER 200 RECORDS YOUR CHOICE OF WALNUT, MAHOGANY, OR LIMED OAK FINISH. PLENTY OF FREE PARKING DIRECT FINANCING No third parties. Add to your present ADAIR contract . . . Up to 24 moj. to pay! Hi ADDRESS. CITV FURNITURES: APPLIANCES 2200 So. 6th TU 4-7510 quer Association.