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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 3, 1963)
PAGE-4A HERALD AND NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS By United Press International Allied Chemical 514 Alum Co Am 86 American Air Lines American Can 45H American Motors 2(B AT&T 130 American Tobacco , 27 Anaconda Copper SO Armco 64 American Standard lB'.j Bcjidix Corp 50' Bethlehem Steel 32T Boeing Air 34 Brunswick 1H4 Caterpillar Corp 4374 Chrysler Corp 88 Coca Cola 104 '.4 CBS. 75 Columbia Gas 29Vi Continental Can 46' Crown Zcllerbach 52 Crucible Steel 24 Curtiss Wright 20 Dow Chemical 59 Du Pont 245 Eastman Kodak 112 Firestone 37t4 'Ford . 55'i General Dynamics . 24 General Electric 80 General Foods 86W General Motors 7B Georgia Pacific 53 Gt. North Ry ' 54 Greyhound 46 Gulf Oil ' 49 Homestake 48 Idaho Power 34 l.B.M. 457 Inl Paper- ,35 Johns Manville 48 Kcnnecott Copper 78 Lockheed Aircraft 36 Martin 1944 Merck 99 Montana Power 38 Montgomery Ward 37 Nat'l Biscuit 55 New York Central 21 Northern Natural Gas 51 Northern Pacific 48 Pac Gas Elec 33 Penney J. C. 44 Penn 'Rft 20 Permanent Cement 10 Phillips 54 Procter Gamble 79 Radio Corporation ' " 72 Richfield Oil - , 47 Safeway -, , " ' (10 Sears 100 Socony Mobil Oil ' 72 Southern Co 54 Southern Pacific 33 Sperry Rand 19 Standard California 65 Standard Indiana 62 Standard N.J. 70 Siokley Van Camp 20 Sun Mines 11 Texas Co. 69 Texas Gulf Sulfur ' 16 Trans America 51 Trans World Air 21 Tri-Continental 46 Union carbide 107 Union Pacific 40 United Aircraft 42 United Air Lines 36 U.S. P;ywood 63 U.S. Rubber 47 U.S. Steel 56 United Utilities 40 West Bank Corp 40 Vfcstinghouse 39 Ypungstown (D) 28 ' MUTUAL FUNDS Prices until 10 a.m. PDT today Bid Askrd Affiliated Fund 8.31 8.98 Atomic Fund 4.79 5.23 Blue Ridge 11.97 13.08 Bullock 13.80 15.20 Chemical Fund 11.84 12.94 Colonial Fund 11.73 12.82 Comw lnv 10.05 10.98 Diver Growth 8 74 9 58 Dreyfus 17.83 19.351 B&H Stock 14.16 15.30 Fidelity Capital 9.29 10. 10 Fidelity Trend 15.47 16.82 Fundamental 10.08 11.05 ftl.F. 4.32 4.74 Founders Fund 6 40 , 6 96 Group Sec Com 13.62 14.91 Or Sec Avia El fi.74 7.39 Hamilton H.D.A 500 5.48 lncorp lnv 7.22 7.29 ICA 10.74 11.74 Investors' Group Intercontinental 6 22 6.72 Mutual 11.39 12.31 Stock 19.11 20.66 Selective 10.44 11.17 Variable 7.01 7.58 K vuone S-l a 17 24.19 Keystone S-3 14 80 16.15 Keystone S-4 4 32 4.71 MKT. 15.28 16.68 S. IT. Growth 8 36 9.14 2li lnv. 15.67 16 94 Nat'l Sec Div 4 21 4 60 Nat'l Sec Growth 8. 15 8.91 Nat l Sec Stock 8 06 8 81 Putnam Fund 13.16 16.37 Putnam Growth 885 9.67 Shareholders 11.02 12 04 Supervised lnv Uerv 7.58 8 26 United Accum 14 92 16.31 United Income 12 53 13.72 United Science 6.98 7.63 Value Lines 9 36 5 66 Wellington 14.75 16.08 Windsor 1421 15.45 Whitehall 13.84 14.96 Butler Honored But Still Works ' LONDON (UPli-Mrs. Ger- trode Wilkinson invited her ; friends into her luxurious Lon f.'don home Tuesday to honor ! lb 73rd birthday of her but- ! ler, Nagel. ' Nagel, as usual, served the ' drinks, the Dally Sketch said ' today in reporting tlx parly. Thurtday, October 3, 1963 Klamath Falli, Or. WALL STREET WALL STREET NEW YORK lUPH - Slocks closed higher today featuring bet ter than average gains in steels and electronics. Strength in steels followed a sc ries of price increases within the industry. Jones & Laughlin. Youngstown Sheet, Lukens and U. S. Steel showed the best im provement followed by lesser gains in Inland, Armco, Carpen ter, Wheeling, National, Republic, Sharon and Harsco. Electronics also were sharply higher with IBM up substantially followed by gains of 1 or more in Litton, Magnavox, Control Da. ta, Electronic Associates, Elec tronic Speciality, RCA, Minneap olis-Honeywell, High Voltage En gineering and Texas Instruments, By United Press International Stocks higher in moderately ac tive trading. Bonds firm. U.S. government bonds steady In very quiet trading. American stocks higher. Closed firm. Cotton futures Firm. Wheat closed off 1 to up cent; corn off to up cent; oats unchanged, to off cent; rye up to off 2 cents; soy beans up 1 to 3 cents a bushel. WALL STREET CHATTER NEW YORK (UPI) "Now that it seems considerably more fashionable to be bullish, we're beginning to worry a bit about the level of the stock market," says Walt McKibben of Forbes Invcstographs, Inc. This js not from sneer con trariness but because several of the secondary indicators are dis agreeing strongly with the indus trial average. As of now, we are not bearish that is we are not saying sell but we no longer sec significant potential in the market as a whole. It is time to forsake the leaders and look or special values in lesser known is sues of good quality," McKibben says, Kenneth Ward of Hayden, Stone & Co. favors the paper, steel, rubber, copper, aluminum, coal, building and machine tool groups. Martin Gilbert of Van Alstync, Noel & Co. believes the major bull market is "still with us and that any setbacks will be tem porary, providing an opportunity to buy favored equities. Livestock PORTLAND (UPI)-(USDA) -Livestock; Cattle 50, calves 25, hogs 50, sheep 50, no early trade tests Grains CHICAGO (UPI)-Grain range: High Low ' Close Wheat Dec Mar 2.07 2.05 2.07- 2.08 2.06 2.08- 2.04 2.02 2.03-2.04 1.66 1.84 1.65 1.68 1.66 1.67 May Jul Sep Outs Dec Mar .71 .73 .72 .68 1 31 .70 .72 .71 .73-.73 .72 .67 1.49- 1.52 1,52-!. 52 1.41- May .72 .67 1.47 1.50 1.50 1.39 Jul Rye Dec Mar May 1.54 1.54 1.41 Jul Stocks LOCAL SECURITIES Dill Asked Bank America 64 R7 Boise Cascade 31 33 Cal Pac Ulil 25 27 Con Freight 10 11 Cyprus Mines 22 23 Equitable S&L . 33 35 Izt Nat'l Bank 72 76 Jantzen 22 24 Morrison Knudsen 29 31 Mult Kennels 4 5 N.W. Natural Gas 33 35 Oregon Metal I 1 PP&L 26 28 PGK 2.V. 7 N. W. Natural Gas 33 35 Oregon Metal 1 1 PP&L 26 28 PGE 2o 27 U.A. Nat'l Bank 68 92 Tektronix 20- 22 West Coast Tel 23 24 Weyerhaeuser 33 35 Potatoes PORTLAND (UPI l - Potato market steady; 100 lb sks washed Russets unless otherwise stated: Wash. U.S. No 1A 2 65 2 90; smaller 2 40-2.60; Bakers 6-14 oi 3.00 3 40, &d 2 ox spread 4 00- 4 25; U.S. No 2 2.00 - 2.25: US No Is Bakers 5 25 2 50. Oregon Deschutes U.S. No 1A 300 . 3.15; U.S. No 1 Bakers 3.35-3.50; 50 lb ska U.S. No J 1.00 1.10, 50 lb ctns, 6-8 oi, 8-10 oi 1.75-1.9J, 10 12. 12-14 Oi 2 05-2.23: Idaho Rus sets baled 10 lb mesh 2 50, film 2.40. WEEKEND AT DAVID WASHINGTON (UPI) - Presi dent Kennedy intends to spend the weekend at Camp David, Md. The White House said Wednes day the Chief Executive expected lo fly to the secluded camp In the Catoolin Mountains Saturday afternoon and return to Washing ton Monday morning. J Wt U-M,' If (Mi WILLIAM R. STEVENS . Legion Head Will Visit KF Saturday William R. Stevens, Beaverton, commander of the Department of Oregon, American Legion, and other department notables will be in Klamath Falls Saturday, Oct. 5. Commander Stevens is on a state-wide tour which will bring leaders of the organization to many communities where semi nars will be held to meet the in creased interest in Legion pro grams. The department official expects new 'Legion posts to be estab lished in Oregon this year. He notes that the 243,000 veterans in Oregon are recognizing the vital role being played by the Legion in protecting war veterans and that the vigor of the Legion as sures a stronger nation. The up swing in interest is the strongest in 10 years, the olticial an nounces. "We may begin several new posts in Oregon and one for each high school is our goal, to meet this interest in our organization," Stevens said. "It is indicative of the need for our services that despite being exolusive only those who have served during ac tual time of combat are eligible membership is growing." We have always been the world's largest veterans organiza tion but we are less interested in numbers than being an effective, integral, and meaningful part of the American scene. "I am looking forward to in creased community service for Oregon by the American Legion, We offer young men the oppor tunity to improve 1 themselves while at the same time serving recognized and respected causes," Stevens said. In addition to Commander Ste vens, those on the program dude C. Ray Wilson, department vice commander; Maune Drum department adjutant; and Glenn Howe, department service oni ccr. The Legion's auxiliary will have its discussions led by Carmalite Wcddlc, department president; Pearl Funk, department vice president and Nota Francis de- Bailment secretary. Brush Fire Controlled Fire-fighters began mopping up operations early Friday on a brush fire that hroke out east ot the Klamath River, near 'Big Bend Dam, about noon Wednes day and razed an abandoned cabin and nearly 10 acres of veg etation, the Klamath Forest Pro tective Association has reported Some 18 men, equipped with a bulldozer and five mobile tank ers, were dispatched to a rocky plateau whei-e the fire was sweeping through downed logs, brush, and fir thickets, KKPA disclosed. The fire, sighted by the Soda .Mountain Lookout, threatened lo go out ot control in the (ace ol 23 mile per hour winds early Wednesday afternoon, but lire crews finally contained I h e blaze about 4: 15 p m. A KFPA spokesman described the battle as "nip and luck for awhile." KFPA siid tlte fire, believed started by a camper, was located in an area accessible to motor ized equipment. A PBY aircraft dropped one load of borate, a fire suppressant, on (lie blaze during the four-hour battle. Rifle Bullet Hurts Youth A Sprague River youth was shot about 1 a.m. Thursday when he fell in front of his home and the .22 caliber rifle he was car rying discharged, wounding him in the hip. Oregon Stale Police have reported. The youth was Albert Ijiw vor, 20, of Box 412, who was tak en to Klamath Valley Hospital where ha received an anti-tetanus injection and was released. The bullet passed through the left skte of Lawvor'a hip. the hospital re ported. The accident developed when! Lawvnr tripped on a rut in the road and the rifle discharged as lie Ml, police stated. International Triangle Finds Local Pelican Left At Altar The Klamath County Chamber of Commerce found itself as the outsider in an international af fair involving a lonely London pelican and a quartet of suit ors provided by the Emir of Bahawalpur. The four pelicans were contrib uted by the Emir as companions for Paul, the lonely pelican of St. James Park in London, but if his pets don't work out', a mem ber of the ,same species from Klamath County may be ready to take over as a buddy to the despondent bird. That outcome may yet be the sequel to the saga of London's lonely pelican, according to George Callison, manager of the chamber, who good humoredly pointed out that possibility to the chamber during its weekly meeting at the Pelican Cafe Wednesday. Paul became the object of in ternational sympathy early this summer when his only cage mate passed away. A London newsman told of Paul's ensuing loneliness mrnugn an international news service; a version of the story later appeared in the Herald and News. Several readers read the article and suggested to the chamber that it ship some local members of the species to Eng-i land as companions for the Lon don pelican. After checking with local wild life authorities and airline serv ices, Callison learned it would be possible to send a pelican to tile London park and he ad vanced his suggestion in a letter to the Ministry of Public Build-I ing and Works, Lambeth Bridge House, London. At the meeting Wednesday, thei Page Dies In Hospital FORT KLAMATH William A. (Bill) Page, 69, well-known Fort Klamath businessman, died at 10. p.m. Oct. 2 in the Veterans Hos pital, Portland, where he had been for six weeks. He had been ill for several months. His wife, Sadye M. Pag e, and brother, Guss A. Page, both of Fort Klamath, had been ac-! companied to Portland Monday by Mrs. Norman Van lderstine. a longtime friend of the family, and were at his bedside. Mr. Page came to Fort Klam ath in 1908 from Myrtle Creek with his parents, Mr. and Mrs. Adrian Page. He had been a partner in the 'Rainbow Garage with his brother Guss for 39 years. He was a member of the Wood River Pioneers and Old timers and of the Chiloquin Ma sonic il-odge A. F. & A.M. Funeral arrangements will be announced on arrival of the family from Portland. Civic Theatre Public Birthday Meeting The Klamath County Civic The atre group has invited every one interested in any type of the atre work to attend the troupe's annual birthday meeting, 8 p.m.. Mondav. Oct. 7, in the Pine Grove Room of the Willard Ho tel, according to Bill Hagerman, president. The meeting w ill also mark the start of the club's annual mem bership drive, Hagerman said. Prospective members planning lo attend are advised to contact ENDS SATURDAY fr&nciscaji e&rtheniu&re 20 ON OPEN MS 528 Moin reply to that note was produced by Callison in the form of i neatly typed, embossed letter head in which the Ministry stated that it had accepted "four birds from the Emir "and they and Paul are on the most friendly terms indeed they get on very well together. The letter went on: "We not be at all suprised if one of the new pelicans dies in which case the numbers in St. James Beatfy Man Succumbs Orville Davis, 59, a lifelong res ident of Klamath County, died in his trailer home in Bcatty. about 1 a.m. Oct. 2. Previous to his death he had complained of pains in his left arm and chest and collapsed before help reached him. Klamath County deputy medi cal examiner W. P, (Doc) Ken dall brought the body to Ward's Klamath Funeral Home in Klamath Falls, alter a telephone call to the sheriff's office at 1:10 a.m. Death apparently was from natural causes. An autopsy is planned for Oct. 7 on the return to Klamath Falls of pathologist Dr. George Nicholson from Chi cago. Mr. Davis is survived by a daughter, Mrs. Etla Jefferson. Toppenish, Wash.; two nephews, Elnathan Davis. Klamath Falls, and Harold Davis, Modoc Point; also seven grandchildren. S In Th- Day's lews , (Continued From Page 1) Many an individual has run him self so deeply in debt that buck ing the gambling tiger at Reno or Las Vegas has seemed to nim the only way out of his troubles. But VERY SELDOM INDEED has it worked. And- , History tells us that NATlONALl lotteries are even worse than reckless private gambling. Be cause the governments that resort lo them need to get every dollar they can lay hands on, they EN COURAGE their people to gam ble. The gambling thus officially encouraged ROTS AWAY THE MORAL FIBER OF THE PEO PLE. When that happens, the nation that has bet its future on a na tional lottery is a GONER. History is pretty positive on that point. Group Plans Laurie Woolschlagcr, at TU 2-4838. The meeting is open to the puhlic and everyone is wel come to come whether or not they contact the group in advance, Hagerman added. The theatre is sponsored by the Klamath tails Parks and Recre ation Department and is cur rently rehearsing for its latest production, "Blithe Spirit," scheduled to be staged next No vember. OFF ALL STOCK HARDWARE DOWNSTAIRS fh. TU 4-S662 Park will be equal, if not the sexes." As for the birds offered by Klamath County, the ministry said it "would very much prefer to leave things as they are for the moment." If the chamber was crestfallen because the county's hardy vari ety of pelicans had been passed over for those of royalty, it didn't permit its sentiments to be known. The reply was written by Stan ley J. ' Heritage, private secre tary to the minister, and con cluded, "The minister has asked me to say how very grateful he is to you for your interest and for your very generous offer." Undismayed by the rejection. Callison said his offer will remain open in the event that the Emir's birds are unable to with stand the rigors of London wea ther. In other business, Floyd Wynne, chairman of the Local and State Affairs Committee, discussed various points of the state tax bill which will go to the voters in a special election next Tues day, Oct. 15. In one of two announcements. Dick Green, president of the Unit ed Fund, reminded the cham ber of a chicken dinner that is being offered to military person m:i ana civilians curing the nours of 5 p.m. through 9 p.m., to night. Thursday, at the Kingsley Field officers' mess hall. The price of the meal is $1 for adults and 50 cents for those of school age, with the proceeds earmarked lor the United Fund. In the other announcement. Jim Monteith, president of the cham ber, staled that the annual busi ness meeting of the chamber would get underway at Reames country Club Wednesday, Oct. 7, beginning with a happy hour at 7 p.m. followed by dinner at 8 o'clock. Fire Report (Noon Wednesday to 10 a.m Thursday) Klamath Falls Fire Department 6:56 p.m. Wednesday 1519 Worden, crass fire, no damage. Suburban Fire Department 5:59 p.m. Wednesday 3818 Clinton Avenue, trash and grass fire, no damage, occupant Irma Stevenson. 8:57 p.m. Wednesday 2851 Bisbee, flooded oil stove, no dam age, occupant Bobby Prilchett. For 1964... Comet announces a car every bit as hot as it looks... Thi it th. beginning of a n.w kind of Comf. H.t, huiky, handtom. top t.ries in Comet's '64 lin.up. Engln.t rang, up to a 4-barrtl Cyclon. 289 cu. In. V-8 in all Com.tt. "Calitnte" means hot... In Spanish. And this new Comet speaks the longuoge. It looks hoi. And it isl Your choica of four engines provides tha punch. Tha topper is a big Cyclone 289 V-8 most rasponsiva in Comet's (laid. Mora choicai Now Comet offers 3 series . . . tha lop-of-lh.lin Cafiente, ond tha economical 202 and 404 sarias. Tan models . . . ofl bold ond rocy. A wide tronsmission choice, too, including 0 smooth, silant, naw MulH-Driva MarcO-Motie unmotchad ot tha price. -a? "I J CAMP FIRE CAMP-OUT Four Klamath Council Camp Fire Girls have accepted an invitation from the Portland Council of Horizon Clubs to attend its annual camp-out session near Sandy, Ore. Packed and ready to leave Friday for the three-day session are, from left, Elizabeth Ough, Donna Buck, and adviser Mrs. Carol Baird, all of Klam ath Falls. They will be joined by Lynda Storsy of Dorris and Mickey Wolff of Chiloquin. Piper Sends Pair To Jail Circuit Court Judge Donald Pi per this morning sentenced one man to four months in the county jail and another to a term in the state penitentiary. Charles Wesley Jones, a 19-year- old airman from McChord AFB, Wash., was sentenced to the coun ty jail term for simple assault. He had been charged with assault with force likely to produce great bodily harm, but the charge was reduced by the jury that convict ed him Aug. 22. He was accused of beating a girl when she resist ed his advances. Donald Huitt Switlik, 23, who was convicted Monday night ot assault with a dangerous wea pon, was sentenced to state prison for a term of not more than three years. He was convicted ol Beat ing a hitchhiker near Agency Lake Aug. II. Obituaries MYERS Ruby 'Fay Myers, 61. died here Oct. 3, 1963. Survivors: Husband, Arthur A., and a son, William, this city; daughter, Mr. Rtmona Rawlins, Eugene; listers, Mrs. Opal Buntin and Mrs. Zelda Graves, Portland, Mrs. Murle Pavny, Everett, Wash., Mrs. Ruth Clint, Illinois. Mrs. Eunice Camble, Missouri; brothers, Ralph Gregory, Missouri, Loran Gregory, Ever ett, Wash,; also five grandchildren. Fu neral services, Saturday, Oct. 5, First Church ol God, at 10 a.m. Concluding services, Klamath Memorial Park. Ward's Klamath Funeral Home in charge. JOE FISHER 677 SOUTH 7TH STREET Judge Dismisses Actions Against Three Defendants The suits against three of four volunteer firemen charging they assaulted a man with a fire hose were dismissed by Circuit Staff Ready For Election Klamath County election boards which will assist in the tax re ferral election, Tuesday, Oct. 15, will be held to a minimum num ber of members, as recom mended by the office of the Sec retary of State, County Clerk Charles DeLap said Thursday. Three members of each of the day boards will report to their assigned locations at 8 a.m. on the day of the election. The chairman of each count ing board will report at 5 p.m. to assist board members during the rush hour and to supervise the count, which will begin af ter the polls close at 8 p.m. Chairman and board members who are to work during the elec tion have already been notified, Delip said. that' Elegance at a compact price Prime example of Comet's new elegance is the Col. lenle, with the warm look ol walnut on th interior trim . . . plus lavish biscuit pattern upholstery. Power steering . . . power brakes . . . AM-FM radio... oir conditioning ... every luxury option Is avortobla in tha new Comers. You can even get . but noi Ask your Mercury dealer COMETA UNCOlN.MEICUrr DIVISION 25S MOTOI COMPANY Court Judge Donald Piper Wed nesday afternoon. The suits against Willis Homer, Richard Barker and William Pierce were dismissed after the plaintiff, Andrew Zudell, failed to identify them as participating in the alleged assault two years ago. Proceedings continued in t h e suit against the fourth Stewart- Lenox Fire Department volun teer, Robert Barnes. Barnes says he turned the hose on Zu dell in self-defense after the man attacked him with a shovel. Barnes testified to that effect this morning and testimony end ed in the case. Arguments were proceeding late this morning and the case was expected to go to a jury of eight women and four men this afternoon. Zudell is asking $7,665.75 in damages; about It. Soon. t Mercury Product.
