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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Sept. 11, 1963)
PAGE I Tuesday, September 10, 1M3 HERALD AND NEWS, Klamath Talla, Or. MARKETS and FINANCE Stocks By United Press International Allied Chemical 52'i Alum Co Am 62'k American Air Lines 2m American Can 41! American Motors 19 AT&T 124'i American Tobacco 2814 Anaconda Copper 51?i Armco 64 American Standard I8'3 Bendut Corp. 51 Bethlehem Steel . 33 Boeing Air 35' Brunswick 12 Caterpillar Corp 44'i Chrysler Corp 74',4 Coca Cola 102 xd C.B.S. 73 Columbia Gas 291 Continental Can 45 Crown Zellerbach 524 Curtis Wright 21 Dow Chemical 5!) Du Pont 248 Eastman Kodak 110'.-. Firestone Ford 58'4 General Dynamics 37 General Electric 821 General Foods 89'i General Motors 79 General Portland Cement 21 Georgia Pacific 55 Greyhound 43 U Gulf Oil 49T Homestake 51 Idaho Power 3o I.fCM. 457 Int Paper 34 Johns Manville 48'i Kepnocott Copper , , 76Vfe Lockheed Aircraft 37 Martin 20 Merck 102(4 Montgomery Ward 39' x Nat'l Biscuit 58H New York Central 22 Northern Natural Gas 55l Northern Pacific 46 Pac Gas Elcc 33 Penney J.C. 45 Pomt RR . 20 Permanente Cement ! 17 Phillips . 77 Procter Gamble 79',i Radio Corp 74'4 Richfield Oil ' 48 Safeway U Sears 98 Shell Oil 48 Socony Mobil Oil 72Vi Southern Co 55 Southern Pacific ' 35 Spcrry Rand 64 Standard California 67 Standard Indiana 64 Standard N.J. 70 Stokely Van Camp 20 Sun Mines ' 11 Texas Co. - . 72 Texas Gulf Sulfur 17 Texas Pacific Land Trust 2(1 Thiokol 21 Trans America 34 Trans World Air 23 Trl Continental ' 49 i Union Carbide 109 Union Pacific 40 United Aircraft 44 ( United Air Lines 39 U.S. Plywood 62 5 U.S. Rubber 49 I U.S. Steel . 56 United Utilities . 39 : West Bank Corp 43 Westinghouse . 38 Youngstown 29 l MUTUAL FUNDS ' Prices until 10 a.m. PDT today nid Asked Affiliated Fund 8.50 9.19 Atomic Fund 4.83 5.30 Bullock 14.04 15.39 Chemical Fund 12.10 13.16 Colonial Fund . 11.88 12.98 Comw. Inv 10.24 11.19 Diver Growth 9.11 9.98 Dreyfus 18.39 19.97 E & H Stock 14.52 15.69 Fundamental 10.29 11.28 F.I.F. 4.43 486 Founders Fund 6.43 6.99 Group Sec Com 13.85 15.14 Gr Sec Avia El 7.07 7.75 Hamilton H I). A. 5.16 5.64 Incorp Inv. 7.36 8.04 ICA 10.99 12.01 Investors' Group Intercontinental 6.19 6.69 Mutual 11.77 12.72 Slock 19.52 21.10 Selective 10.42 11.14 Variable 7.17 7.73 Keystone S I 22.51 24.56 Keystone S-3 16.64 17.07 Kovstone S-4 4.44 4 85 M.I.T. 15.56 17.11 M.I.T. Growth 8.66 9.46 Nafl Inv. 16.12 17.43 Nafl See Div 4.24 4.63 Nafl See Growth 8.29 9.06 Putnam Fund 15.41 16.84 Putnam Growth 9.14 9.99 Selected Amcr 10.14 10.97 Shareholders 11.23 12.27 Supervised Inv Scrv 7.73 8.43 United Accum 15.28 16.70 linked Income 12.93 14.13 United Science 7.18 7.85 Value Lines 5.43 3.96 Wellington 14.88 16 22 Windsor 14 61 15 88 Whitehall 13.91 15.04 LOCAL SKCURIT1KS Bid Asked Bank America 67 70 Boise Cascade 30 32 Cal Pac Util 26 28 Con Freight 10 II Cypruj Mines 24 23 Equitable Sit, 35 37 1st Nafl Bank 73 76 JanUen 23 23 Morrison Knudscn 29 31 Mult Kennels 4 3 N.W. Natural Gas 35 37 Oregon Metal 1 1 PGE 28 29 FPfcL ' 28 30 U.S. Nafl Bank 8.1 86 West Coast Tel 24 25 Wytaeuacr 31 33 WALL STREET NEW YORK (UPll - Stocks smashed through a new all-time high in hectic trading today. Alter only 30 minutes of trad ing, tlie Dow Jones industrial average broke the previous record set last Thursday. The fast pace of the first hour of trading made many a broker recall tlie early Juvenile Escapee Elects To Return To Home Here hours of May 28, 1962 when prices Istruction. going to commit some crimes in Bend. But tlie 15-ycar-old, who is from Klamath Falls, decided to return here. He said that after they climbed out of a window at the juvenile home about 11 p.m. Monday, they stole a 1939 coupe from outside a trailer house at the site of the new rest home r.ider con- tank sharply in what is still re membered on the street as "Blue Monday." Spencer Chemical shot higher on news it will be acquired by Gulf Oil Corp. Gulf has agreed to purchase all of Spencer's out standing shares at $41 each. Wall Street Chatter NEW YORK UPI - Edward Underwood of Ira Haupt 4 Co. says that while short term or even intermediate correction can not be dismissed, talk of a ma jor top at this time is based pri marily on irrational fear. H' points out that this fear has kept odd letters selling on bal ance throughout the advance. Un derwood feels tlie principal threat to the market continues to be the balance of payments problem and the efforts to solve it. Robert H. Stovall of E. F. Hut- ton Co. feels that if the thesis that stocks have moved from weak to strong hands over tlie past 16 months is true, one should keep an alert eye open for large secondary offerings. Walter iMintz of Shcarson, Hammill 4 Co. says the basic problem confronting investors is not guessing the future perform ance of the averages but select ing stocks which will outperform the averages to a significant ex tent. Thomson & McKinnon's invest ment research department says investors planning to buy stocks should resist the persuasion of the new record highs of the in dustrial average and concentrate on individual values. They said they couldn't deter mine how to turn on the car's lights, so they just drove it over the hill and left it. Soon after, they stole a 1956 pickup One of two youtlis who es caped from the Klamath County Juvenile Home late Monday night was picked up on Highway 97 near Chemult Tuesday afternoon as he was hitchhiking back to Klamath Falls from Bend. The boy told police that he and tlie other youth stole two autos Monday night in Klamath Falls, abandoning one in the city and taking the other to Bend. The 15-ycar-old said the other boy, who is 1G, told him he was truck from a house at 169 Dahlia. The coupe was later found to belong to Virgil Cumbo, who works at the construction site. The pickup belongs to Claude Fire Levels Empty Barn Fire Tuesday evening destroyed a barn at the Hayncs McNoise ranch on Dehlingcr road. County firemen, assislcd by men from the Suburban Depart ment, kept the flames from spreading to another barn and other buildings, but they could not save the burning barn. Firemen said the structure was almost gone by the time they arrived. The barn was 24 x 40 feet in size and was one-story. Firemen said the ham had nothing inside when it burned. Firemen could not determine a cause of the blaze. LIVESTOCK KLAMATH FALLS LIVESTOCK AUCTION MARKET Sept. 10 Receipts: All Cattle 264; Calves 60; Hogs 50; Sheep 100. Last week: Cattle 140; Calves 18; Hogs 15; Sheep 111. Compared last Tuesday lecder heifers .50 lower; feeder stecrsl steady; calves .50 higher: slaugli lor cows steady; hogs steady. Slaughter Cattle; Cows: SKI. 17.30-17.60: U illty-Cmcl., 14.30- 16.80; Cutters, 12.10-13.60; fan- crs, 9.50-10.25. Bulls: Utility & Cmcl.. 1B-19.60. Stockers 4 Feeders: Steers: lood, 560 - 6'5 lbs., 22.20-24.30. Heifers: Good, 525 620 lbs.,1 1.40-21.60; Com.-Mcd., 500 - 700 35., 17.10-20.50. Steer Calves: Good Choice. 20-240 lbs., 27.75-28.25; light, 67 City Briefs H. Taylor and was parked In front of his home. The boy said he and the other youth drove to Bend where they left the pickup off the freeway there. It was recovered later by Oregon State Police. He said he and the 16-year-old parted company after abandoning the pickup and that he decided to return to Klamath Falls. The boy who has still not been found was arrested last week in Klamath Falls as a runaway from South Salem. He was being held for Salem authorities when he escaped. Bond Posted For Father Charles Hoppe, who expressed his willingness to go to jail rath er than reveal the location of his children to Circuit Court Judge Donald Piper, is free on $1,500 bond and lie has three months to produce tlie two youngsters. The bond was put up late Fri day by a friend and Hoppe was Irced a few hours after begin ning his second 10-day stretch in jail for contempt of court. The judge gave him three months to produce the children to comply with a court order awarding their custody to Huppc's former wife. Hoppe two weeks ago had re fused to reveal the children's! whereabouts other than lo say, llicy were out of the slate. The judge sent him to jail for 10 days (or contempt. Hoppe ap peared again Friday and again refused. He was sent back for. another 10 days. But a few hours later, bond was produced for him. MR. AND AIRS. VIC SAM- PLES have returned from San Francisco where they enrolled their daughter, Sharon, in the Louise Salinger School of Dress Design. While there, they also attended a Giant-Dodger game, Heifer Calves: Good. 335 - 395 Med.. 313 - 470 Basin Brief's 'Sleeper' Fires Up Storm Total Two "sleeper" fires from Mon day's lightning storm were spot ted and put out by U.S. Forest Service firefighters Tuesday aft ernoon. Their discovery brought the for est fire total for the storm to 26. Both of Tuesday's fires' were spots of less than an acre and were located in the Scott Creek area cast of Crater Lake Nation al Park. t 4. ' - ' 1 ft . .. 32 SAFE HUNTERS These 32 youngsters recently graduated from the American Legion's hunter safety class, sponsored by Klamath Post 8. A new class of students is now beinq formed. Interested teen-agers may register at Lister's Gun and Key Shop in Klamath Falls through Sept. 14. A hunter safety course certificate is a requirement for hunters under 18 in Oregon. Another Suburban Firm Fails Victim To Thieves Another in a number of bur glaries that have resulted in loss es of more than $3,000 during the past two weeks was being investigated by the Sheriff's Of- Group Plans Field Tour Cows: Mcd.-Good, pairs, 182-215. Bahy Calves: Dairy Crosses, 23- 41 per head. Hogs: U.S. 1 & 2 Barrows & Gilts, 1B0-215 lbs.. 16.50-17.60; per head; Feeders 160 lbs., 16.10. Slicep: Feeder Lambs, Good- Choice, 55 - IX) lbs., 15.10-16.30; I.ambs 52: Rams: Suffolk Lambs, 30-40; Whilctace, 17-29; Others, 10-23 per head; Slaughter Ewes, 2.25-3.30. Reported hy Ray O. Petersen, county extension agent. PORTLAND IUP11 (USl)A- Livostock: Cattle 150. Cows, utility 12-16.50, canner . cutter 1014 Feeders, steers, good-choice 21-23, few me dium 17-19. Calves 50. Vealers, standard pood 23-26. slaughter, few good 325 lb 24-25. Hogs 100. Barrows and cilts. I- 2s 18. tew 3j 16.50-17. Sows, l-2s 320-390 lb 14.50-15. Feeders, small lot 134 lb 15. Sheep 500. Slaughter surinu lambs, small Int mostly choice KM Ih wooled 18. Ewe s, cull-good 3.50-4.75. Grains CHICAGO (UPli-Giaiii range High Low Close Wheat Sep 1.87', ,18V, .aH.4 Doc 1.9IJ 1.89'i I.90V1.9I Mar l.93, .191'. 192VI.93 May 1.88 1.86', 187, Jul 1.59 1.5H". I.SBV'i Sep n 1 59 1.5BJ. 1.58 Vi Oats Sep . .6j'i .!, Doc .68' .68 rVPn-WI Mar ,70'i .70 .70 May .7011 .!!' .70 Rye Sep 1 34' ,Mj, I.J4I..I, Dec I.HS'i 1.38 1.38S Mar 1.41 .I3' 1.39-Vi May 1.40', l.38' 138', Jul 133', 1.32', 1.33 MAI. IN SUSAN WHITMAN, X-ray. lab' technician of Newport, spent the weekend visiting her parents, Mr. and Mrs. George Whitman. THE TED EVANS hosted a fam ily potluck last week with 31 rela tives attending. Present were the Ted Schmidli, Bill Schmidli. Art Evans and Jerry Deny families. Mr. Mid Mrs. Merle Evans, Mark Evans, Alice Olson, the Marvin Rettcrath family of Merrill, and Mrs. Sarah Cassidy and family of Walla Walla. MR. AND MltS. VAUGHN Wll.. I.OUtillBY and sons. Jav and Tod Salem, spent several days last week with her parents, Mr. and Mrs. Loyal Saunders. MltS. R. C. KOIIKKTSON ol Fall Brook, Calif., recently vis ited her sister and family, the Al lan Prescotls. Her son. Rod, re turned home with her alter spend ing the summer months with his aunt and undo. J. I'ERHV HALEY and brother, Cecil Haley of Bonanza are on a 30-dav big game hunt in the Yu kon territory. Various kinds of transportation will he used in the hunt including car, plane and pack horses. MRS. ALLAN l'HK.STOTT re ccntly spent several days in Eu gene visiting her daughter and lamily. the Alva U'es. MRS. JOHN RKIIKIt, grand daughters, Linda Hebor and Dar- la Ingram and grandson, Bradley, spent last week in San Francisco visiting relatives. Game Charge Oregon Slate Polico yesterday cited Gary Clarence Howtnn, 28, and his wife, Marilyn Louise, both of 2410 Radcliffe Avenue, on a charge of being in illegal possession of a deer, it was re ported today. The -How tons are to be arraigned on the charge sometime tcdny, police said. Stolen Jeep Recovered A jeep stolen from Joe Fisher Motors on South Seventh Street Monday night was recovered Tuesday afternoon near Chiloquin by Oregon State Police who ar rested its driver for auto theft. James Gilbert Stadler, 43. of I Steubenville, Ohio, was returned to Klamath Falls and booked at city jail on the theft charge. Police said he admitted hot wiring the jeep and taking it from the car lot. fice today. Deputies sought to un cover clues which would betray the identities of the burglars who escaped with $500 in ammu nition and other items from the Ranch Wholesale Supply, 7801 South Sixth Street, Wednesday morning. The burglars entered the build. ing through a window they had broken at tile rear of the es tablishment, according to Earl Godfrey, manager ol , the busi ness. Meanwhile, city and state po lice were continuing their inves ligations of five other burglaries reported here since Sept. 1. Since that date two parts sup ply houses, a grocery, and two county schools, all in the vicini ty of South Sixth Street in the South Suburban area, were bur- laiized of some $1,000 in cash and merchandise. In addition, a downtown tav ern and a lodge were also the largets of burglars during the same period and netted the thieves some $2,000 in cash and other items. Other businesses on South Sixth Street were also the objects of brcakins by burglars during Aug ust. One night during that month. two service stations, a hardware store, and super market, all of The Klamath County Historical Society will lour Kingsley Field Sunday following a no-host lunch- con at the Satellite Restaurant. The luncheon, to begin at 1 p.m., costs $1.30 per person and reservations may be made by calling TU 4-4048. The tour will begin at 2.30 and persons desir ing to take the tour alone, with- them along that street, were the out the luncheon, may join the .objects of burglaries. State police Udtl-U MIC UiedMIl ui one Ol inc service stations to two Kingsley Field airmen. The other three group in the airport terminal at that time. Lt. Thomas Hanlin of the Air Force will conduct the tour, which will be by bus. burglaries, as those reported this month, are unsolved. Bike Crash Injures Boy A 15 - year - old Herald and News paperboy suffered a frac tured skull Tuesday evening when his bicycle hit another bike and hei was thrown to the pavement. Billy Canton of 1030 Upham was taken to Klamath Valley Hospital, then was transferred by ambulance to Rogue Valley Hos pital in Medford, where he is listed in serious condition. Besides the fractured skull, the boy suffered numerous other less serious injuries. His companion, Larry Gatlin, told polico that they were riding their bikes down Worden Street towards Upham when their front wheels touched. Billy was flipped on nis DiKe and landed head first on the pavement. The other boy was unhurt. the accident occurred at. 7:30 p.m. Challenge Of Herd Law Goes Under Advisement Police Check Into Knifing A 30-year-old man walked into Klamath Valley Hospital Tuesday with a deep knife wound in his stomach, but he refused to tell police how he got it. Doctors treated Peter Martinez iui uie wouna, winch was one ana a half inches long. Martinez lists his address as Metropolitan noiei. Police are continuing the vestigation of the case. Potatoes PORTLAND (UPll - Potato market: Wash. Russeta 2 90-3.13 few 2 75 Bakers 3.50-3.85, S.d. a oj spread 4.50-4.85. 6-14 01 3.35-3 63. U. S. No 2s 2.10-2 35, U.S. No Is Bakers 2.40-2.65. ASKS CHECK ON SHU'S WASHINGTON lUl'I'-A Flor ida congressman believes the United Stales should keep under constant suivcillaiuc Russian lishing vessels operating in Amer ican waters. Rep. Paul Rogers. D-FIa Tuesday tlie Siuiet trawlers lainly are not lishing." said 'cer- Obituaries mini Mant Campaona FhJ,. 4V 044 M't Sapl 10. 1H1 Survive DaugMt't. Jcart stock ana Shlriay Hodman Klanvtri Falls! brolhtr, Donald rampaona, Spragv It'vori ltar. Corlnno t-iawi, Roguo PJlvtr Funaral If vxtt Ward i KlamalS Funoral Hofnt Wlvrday, Sapl ta. at 10 a m. Concluding tarvKOt and vault bittrmont in Wilton Comatary, Funerals KUItlR th runtr tofvicm toe Vy tr ilt t(xg flint ThuruUv. &Mf II t ) p m. in OHnir'i Mtmori. Crtptl Crtmation will follow. Vmarai coAinttu liont my b midt tft tht Community going. going... almost gone Don't miss your last chance to save during Rambler's Savingest Days Never before have to many people bought so many Ramblers to last. Result: While we still have a good selection ot factory-tresh 1963 Ramblers, they're joing like wildfire. So, hurry in and take your choice: Luxurious Ambassador V-Ss with up to 170 hp: roomy, new high-styled Saml-'er Classics Six or 198 hp V-8; Rambler Americans that otter th 125-hp miles-per-gallon champ ol every economy run olticially entered. Better hurry! Come in today and sea how much you can save on America's best car valuet during your Rambler dealer's Savingest Days clearance ot brand-new 1963 Ramblers! Join the Trade Parade to RAMBLER 6-V-8 A Keno ranclier's suit against the stale of Oregon challenging the Department of Agriculture's 1958 ruling setting the size and boundaries of the Plevna Herd Law District was heard by Cir cuit Court Judge Donald Piper Tuesday. The judge took the case under advisement. The rancher. Don Johnston, contends that the Department of Agriculture violated the herd law in 1938 when it re-established the boundaries of the Plevna district. increasing it in size from 185! acres to 180,000 acres. Johnston's attorney, Thomas Wood, suggested that before re setting the boundaries, the De partmcnt of Agriculture might have been given misinformation The state contends that t h e procedures followed in the 1958 action were legal. The state's case was presented by Asst. Atty. Gen. Donald Parker. Johnston testified that in 1940. residents of the Keno area voted to establish the Plevna Herd Law District. He said the district vir tually was the town of Keno and was only 185 acres in size. With in the district, livestock were re stricted from running at large. He said his ranch was outside the original district and his live stock ran cn open range. Johns- Ion's 820-acre ranch is located a mile east of Keno. Johnston said that on March 3. 1958, the Department of Agri culture issued an order re-setting the Plevna Herd Law District's boundaries which increased it to 185.000 acres. Johnston said he and many of his fellow ranchers now are included in the new district and therefore are re stricted from letting their cattle run at large on open range. They arc liable to citations and fines. Parker did not cross-examine Johnston and the plaintiff rested his case. For the defense. Parker called no witnesses. He offered, instead, a sheaf of documents pertaining to the state's action in the case. Included was the 1958 order re-setting I lie boundaries of the herd law district. In his argument. Wood said that in 1957 tlie legislature, hav ing found that the herd law dis tricts in the state were in a state of chaos, empowered the Department of Agriculture to examine them and, if necessa ry, re-set boundaries. But, Wood said, the law said that the sizes of tlie districts were not to be "substantially altered." Since most records setting boundaries of the original Plev na district were lost, he said, the Department of Agriculture held a hearing at which testimony was gathered on the original dis trict. It was at this point that Wood suggested that the Department of Agriculture might have been given false information. Using a map. Wood pointed out that the district established by the Department of Agricul ture's subsequent order almost identically follows the boundaries of the Plevna voting precinct. He said the Department of Agricul ture might have been told that the boundaries of the precinct were the boundaries of the old Plevna Herd Law District. In any case, he said, the de partment violated the law by "substantially" changing the size of the district from 185 to 180,000 acres. He asked Judge Piper to de clare the department's 1958 or der null and void and asked a return to tlie boundaries of the old Plevna district. Three Counts Face Driver A Klamath Falls motorist who fled from stale police at speeds in excess of 100 miles per hour in an attempt to avoid being cited for a traffic violation was to en ter a plea on three traffic charges in district court later today. Lodged in the county jail in lieu of $600 bail set during his arraignment in the same court yesterday was Larry Allen Ege land, 27, of 1410 Mitchell Street. Egeland was cited for attempting to elude an officer, reckless driv ing, and driving with a suspend ed operator's license. The chase involving Egeland and two stale police cars started near Alameda Avenue and South Sixth Street early Tuesday after an officer operating one of the squad cars clocked the defendant driving 60 m.p.h. in a 35 m.p.h. zone. Coins Stolen Keith King, Rte. 2, Box 516, has reported that someone en tered his home while lie was away yesterday and stole $20 in coins, the Oregon State Police said today. Police arc investigating. ""B, aoin ' lot the this vco' iven vou,0,",0 A-l lb"' ' a-VliY BASIN BUILDING MATERIALS Today Thursday Friday and Friday Night til 9 P.M.! -iSi- KITCHEH CABINETS JjT Evcry i1? Of0 ff Item In Vy ALL fcU O OFF! Stock yv tTi; il SSXS CHPLYW00D A lAO FJuirfk Slight Damogo K cjt 4x4x8 99 only 3 Free Door Prizes '5 V Including A i SHETLAND PONYT ECCLES MOTOR CO., 606 So. 6th St., Klamath Falls, Ore. Reg. $6.30 Stepladders Reg. $155 $ Bathroom 3 Days Only 129 Basin Building Materials 4704 So. 6th Ph. 2-2563
