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
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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