Business Review
By Floyd L Wynne
IIKKALl) AND NfcWS, klaniath Falls. Orpson
Sunday, August 25, 19M PACiK 3
State Assessed Value
Listed At $3.1 Billion
-i-tSBSsfe."J?'is --"
NEW PARKING LOT This house at 5 16 Pine Street Is being dismantled to make way
tor a new private parking lot. The lot is expected to be placed in operation sometime
next month. It is owned by Mr. and Mrs. J. E. Oskinq of Menlo Park, Calif. The house
is one of the oldest residences in downtown Klamath Falls.
VAL
TO
m
li i mil f (I, t , l- !'.', ;t,v H J
This
tax
The assessed value o all prop-iDcpartmont t Commerce,
c-rty on local tax rolls in Ore- included Ml million of
gun was $3.1 billion in ac-exempt values. Locally - as-
cording to a report published by sesscd real estate accounted fut
ure Bureau of the Census, U.S. S23 billion, or 73.1 per cent of
total,
Bocchi Attends
Executive Class
James D. Bocchi. assistant sec
retary of First Federal Savings
and Loan Association, Klamath
Falls, will attend the fourth an
nual American Savings and Loan
Institute School for Executive De
velopment at the University of
Washington in Seattle Sept. 1-14.
The two-year program empha
sizes individual development with
studies concentrated in the areas
finance, economics, and the be
havioral sciences.
The American Savings and Loan
Institute is the educational and
professional organization for per
sonnel in savings associations
and co-operative banks. It helps
train personnel and develop future
executives through a wide range
of specialized courses of study.
The School for Executive Dc
velopment will be attended by
nearly 123 savings and loan as-!
sociation employes from 21 states,
including Hawaii. The institute
conducts a similar national school
at the University of Georgia.
NEW DEPARTMENT Montgomery Ward held a qrand opening last week in this new
appliance section located on the main floor. The new location provides customer con
venience and more space for appliance display, according to Bob Gotshall, manager.
This view shows the new appliance arrangement.
Pharmacists In State
Top National Average
OREGON STATE UN1VERSlTY,net sales was 3.8 per cent over the
Oregon pharmacists have almost
13 per cent more earning
power than the national average
and the net worth of Oregon
pharmacies averages almost $36,-;
000, some $4,000 above the nation
al average, according to a recent
study made by Oregon State Uni
versity pharmacy graduate stu
dent Charles R. Harrison.
previous year although one third
of selected Oregon pharmacies
suffered a loss in total sales vol
ume.
Harrison also found that neigh
borhood pharmacies had a low
percentage of prescription salcsl
and a high per cent of non-pre
scription sales. Downtown phar
macies had a higher per cent of
to neighborhood pharmacies.
Preemption and clinic Dharma
ness man me nations average cies were less
BENJAMIN F. BIAGGINI
SP Selects
New Veep
Beniamin F. Biaccini has been
elected executive vice president ;ntrol
and a director of the Southern In a(1ditiur. ,,e survcv was
Pacific Company, President D. J 'aimcd at finding what effects the
locally-
pioperty for
stale-assessed
million.
in tnc
the net taxable
assessed personal
$420 million, and
property for $341
Properly tax revenue
slate totaled $W2 million n HKil,
$104.47 per capita, and ac
counted for 43.1 per cent of all
state and local government lax
revenue. In the nation as a whole.
property taxation averaged $H8.35'
per capita, or 4(1.3 per cent ol
all state and local taxes in 11.
Oregon's local tax rolls carried
747.000 separate pieces of real
estate in llHil. There were 408.000
residential innnfarm) properties.
1811.000 pieces of acreage or farm
property, 121.000 vacant lots, 20,
000 commercial and 4.000 indus
trial properties, and 4.000 proper
ties classed as "other and unal
locable." Real estate in Oregon was lo
cally assessed at an average of
about 22 per cent of its market
worth in l!Hil, judging from re
suits of a survcv of real-estate
sales during a fi-month period
The indicated market value of all
locally-assessed real property
the state was about $10.3 billion,
or $5,732 per capita
At the same time, Harrison's i prescription sales when compared
study shows that Oregon pharm
acists owned more of their busi-
pharmacy owner. The national
average is 61.7 per cent and Ore
gon's is 68.2 per cent.
The study was conducted among
selected Oregon pharmacy own
ers in an attempt to find what
extent and by what methods Ore
gon pharmacy owners plan and
their financial opera-
Russell announced today.
Biaggini, who is 47, has been a
vice president in the transporta
tion company's Executive Depart
ment in San Francisco since 1956.
A native of New Orleans, he
was graduated from St. Mary's
University at San Antonio, Texas,
in 1936, and entered railroad serv
ice with Southern Pacific's Texas
and Louisiana Lines at Ennis.
Texas, that year as a rodman in
the division engineering depart
ment.
Subsequently he held various po
sitions in the engineering and ex
ecutive departments of the rail
road in Texas. In 1955 he became
vice president at Houston, Texas,
and he moved to Southern Pacif
ic's San Francisco headquarters
the following year.
sales volume, form of ownership
and type of store have upon fi
nancial management by phar
macy owners. The study also
wanted to determine (lie amount
of academic background prepara
tion of pharmacy owners and
their opinions as to how well
this educational training prepared
them for a role of a business
manager.
The study was made by per
sonal interview and question
naire. Fifty per cent of the
ll'iidi iiictcius siuuies were owned
expensive to oper
ate and more profitable than the
medium sales volume pharma
cies. Salary and wage expenses
were highest in the latter pharma
cies while rent was highest in the
former pharmacies.
Another point of interest found
by Harrison was the 92 per cent
of the pharmacies granted credit
to their customers on a regular
basis.
Tile study also revealed that
Oregon pharmacists tended to be
passive in the financial manage
ment of their stores. Every phar
macy owner interviewed in the
study believed he did not have
sufficient business training hi
college.
p. svx -v
ii itr inrrla'i i" . , . - tiiiiii -mniimi- -inwirii 4-
EDWARD DAVIDSON
Bank Picks
E. Davidson
Edward Davidson has been ap-
pointed assistant manager of
Crocker-Anglo National Bank's
Tracy office, it was announced
by president Emmett G. Solomon
A native of Klamath Falls, Da
vidson was educated here and
served in the Marine Corps dur
ing the Korean conflict prior to
joining Crocker-Anglo's Redding
office in October, 1952.
During his career of more than
a decade with the bank, Davidson
has served as chief clerk at the
Paso Robles and Chico offices
and, previous to his latest pro
motion and transfer, he was oper
ations supervisor at the latter of
fice.
The new assistant manager is
a member of the American Insti
tuto of Banking's peach belt chap
ter board of governors, on which
he has served as both second and
first vice president.
Davidson and his wife have a
son and three daughters.
The Tracy office Is managed
by assistant vice president Har
old J. Navvrocki. It has served
its community at 60 West Tenth
Street for more than five years
and is one of Crocker-Anglo's 127
offices in California.
'p. 4'
NEW PLANING MILL A new planing mill is under construction for Modoc Lumber
Co. at the firm's plant site, Third and Oak streets. The mill will take the load off the
present planing mill, with the available work being split between the two plants. The
180 x 125-foot plant Is expected to begin operations within the next two months. It is
being built under a $20,000 building permit by Brosterhous Construction Company.
1; r- H?
1. 1 IV r: V V U
PURCHASES MOTEL Mrs. Jessie Lee Hosford is shown receiving the keys to the
newly purchased Zigler Motel from E, W. Zlgler following purchase. The motel has 12
units and is located north of Klamath Falls on U.S. 97. Mrs. Hosford, a native of Klam
ath Falls, is also a member of the pioneer Applegate family of this area. Her mother
was Helen Applegate. Mrs. Hosford conducted a children's theater here for a number
of years. She will operate the motel.
FOIL BABY
Hold it! Don't throw away that
wornout pillowcase. You can cut
it to .size and use it in baby's
crib. Tuck the pillowcase around
the top of the crib mattress. Then'
if baby bubbles, you do not need
to change the entire sheet.
PEDICURE
For a pedicure, soak your feet' and dry well,
in warm soapsuds and clean un
der nails straight across and push
back cuticles. Scrub feet using a
well-lathered pumice stone on
roughened skin or calluses. Rinse
.7
THIRTY-YEAR PIN AWARDED Lawrence Myers of
Dorris, Calif., left, receives a pin marking 30 years' serv.
ice for Pacific Power and Light Company from Sam
Kitchey, district manager ot PPSL. Myers has been a
lineman in the Dorris area for 24 years. Previous to that,
he worked for PP&L at Yreka. At the present time. Myers
is the only power serviceman in Butte Valley. He lives
with his wife, Myrtle, in Dorris. His son, Elden, is in the
U.S. Navy.
by one pharmacist. The other
half were divided between part
nerships and corporations.
The survey found that prescrip
tion sales accounted for an av
erage of 42 6 per cent of total
net sales in Oregon pharmacies.
Proscription sales avciage just
Biaggini is a director of Junior lover $.")3,000, approximately 7.3
Achievement of San Francisco, per cent above the national aver-i
Inc.. former director of the San age. Overall average gain in total
Francisco. Inc.. former director
of the San Francisco Chamber of
Commerce, and 12 campaign
chairman of the United Bay Area
Crusade.
He is a resident of Hillsborough,
Calif.
J0B
nniRiTiAin
From lovely invitotions to
handbills; from business
cards to posters ... we
can handle any printing
job and beautifully!
TIPS FOR DIPS
Your small frvs' wading pool
picks up a lot of grime from the
kiddies. Keep it clean with a reg
ular cleansing. A mixture of pine
oil cleaner with warm water or a
combination of soda and water
make inexpensive solutions. Rinse
thoroughly with cicar water be
fore refilling.
For Icllent Servict Coll
BEST
Telephone Answering
Seryie TU 2-46S1
Rita Lowronco Florotto Rioch
GUARANTEED
TRUCK
SERVICE
AND REPAIRS
We're Specialists on
4 - wheel drive Willys
'Jeep' vehicles, bur we
are equipped to serv
ice all makes.
JOE FISHER
Lincoln, Mercury, Comet
Willys 'Jeep' vehicles
477 So. 7lh Ph. 4-8104
Emergency Phono:
Chorlio Romp, 2-4958
I
lUgcse
Printing, Inc.
12th & Klamath
TU 4-5373
CHECK THESE PLUMBING
AMERICAN STANDARD FIXTURES
1 Salem Steel Tub
1 No. 2122 Am. Standard Toilet
1No. F-331 Basin
Full Retail Price Complete With Trim .... $218.51
While They Lost - Yours For Only
135
52 -Gal. Electric Hot
Water Heaters. Glass
lined, Quick Recovery.
20
off
Norris Thermadore Ba
sins. Wall Hung, Large
18x20, White.
$
69
50
Many Other
of only
Quality Basins
50
FRIESEN-WELMAN
COMPANY
PLUMBING CONTRACTORS - Since 1920
1715 Main Ph. TU 2-6333
THIS IS W00DBURN SENIOR ESTATES
the retirement community where the
VLfADDV nAVC A Li C A IV'
are being lived NOW!
Just a few miles south of Portland in Oregon's beautiful
Willamette Valley is this proven, successful retirement
community of new individually owned homes. Nearly
four hundred homes are completed and occupied by the
happiest, most active retired or semi-retired people you'd
ever want to know!
Here Ihey are enjoying the privacy of their own new
homes, a small yard that's never too much care and
many friends their own age to share interests and activ
ities. Woodbum Senior Estates is the Northwest's largest,
most successful retirement community because the home
owners here live an active retirement . . . play golf on their
own course ... join in activities such as lodges, bridge
and study clubs, craft groups, fish, hunt and take part
in many outdoor activities so popular in this beautiful
part of the Northwest.
Best of all, owning your own ictirement home in
Woodbum Senior Estates helps your retirement dollars
go farther . . . you can live the active, happy life you've
always wanted on a modest retirement income!
'
LUjri Jifcjfc ilmmtj '
, ...iiJLi
FISHING AND HUNT INO
lrami and ceaitat woltt
txtken fh eutdMnmon. Hunt
Ins. fithfnv, boehcemblnf(
rock hunting clot ol hand.
ATTRACTIVELY DESIGNED HOMES. Choow
your location and the home you want from
many deiignt and plant.
SEEING IS BELIEVING
You have to see this wonderful community
of smart, attractive new homes and feel the.
atmosphere of content and happiness to be
lieve it!
ACTIVE FUN RETIREMENT!
A new home of your own
... for only $75 a month
YOU AKIi INVITED to come and visit and
ask questions. No founders, admittance or
maintenance fees at Woodbum ... you own
your home. Low down payments and monthly
payments from $75 to $94 (including princi
pal, taxos, insurance). Total cash prices from
S!),475 to .$11,750.
Four model homos open for inspection every
day. Son the Country Club and golf course.
Drive through our community . . .see and
fed the live atmosphere of Woodbum Senior
Kstatcs!
COME TODAY-BRING THE FAMILY, TOO!
-u zMM
W00DBURN SENIOR ESTATES
Just 29 miles south of Portland
TAKE INTERSTATE 5 FREEWAY TO WOODBURN EXIT
HEtAX WITH FRIENDS. Shonng fun ll a price
lait part of woodbum Senior Euaiet. Acnv
iliei abound-tiolt, itudy groupi, pollucki.
SHOPPING'S EASY. Ride the convenient inut
ile bui to the Shopping Center, Ihe city center
or the goll course.
! " -- 1
"TOUR" WOODHURN
SENIOR ESTATES
WITH OUR
COIOR ROCHUE
WOODIURN SENIOI ISTATIS
IO5-0 Prtixelon Road, Wnodhorn, Oreoon
I'm InltrtMUd In yvr "mthot wf". Wlihcut
bllgatisn, pii tend mt yewr FREE COIOR lOCHUl
daicnblni In lull dloH "Acliv lttifMl t Wd"
57
MAIL TODAY NO OBLIGATION B j
HAY OOIF ANY TIMC. Challenging full liie
golf courie only a tew inlnutei from home.
Congenial golf portnen olwayi on hand.
T