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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 10, 1963)
PAGE 4A HERALD AND NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS By United Press International Allied Chemical 51 66' 28 45 21' 129 28Vi 49 'i C3V. 17 487,e 33 33 12 44 ',i Wi 102 77 30'. 45 5274 23 19 58 244'4 11114 38 54 23 77 84 78'A 22 Alijm Co Am American Air Lines American Can American Motors CT & T American Tobacco Ajwconda Copper Ajwco American Standard Beiidix Corp Bethlehem SlccI Boeing Air Brunswick Caterpillar Corp Chrysler Corp Coca Cola C.B.S. Columbia Gas Continental Can CrVjwn Zellerbach Cnlcible Steel Cuftiss Wright JJorv Chemical Air Pont Eastman Kodak Firestone Ford General Dynamics General Electric General Foods General Motors General Portland Cement Georgia Pacific Gt. North. Ry. Greyhound Gulf Oil Homestake Idaho Power I.B.M. Int Paper Johns Manville Kcnnecott Copper Lockheed Aircraft Martin Merck Montana Power Montgomery Ward Nat'l Biscuit New York Central Northern Natural Gas Northern Pacific pac Gas Elec Penney J. C. Penn RR Permanente Cement Phillips Procter Gamble Radio Corporation Richfield Oil Safeway Sears Shell Oil Socony Mobil Oil Southern Co. Southern Pacific Sperry Rand Standard California Standard Indiana Standard N.J. Stokely Van Camp Sun Mines Texas Co. Texas Gulf Sulfur Texas Pacific Land Trust Thiokol Trans America Trans World Air Tri-Contincntal tJjiion Carbide Union (Pacific United Aircraft United Air Lines 15. Plywood T.C.5. Rubber US. Steel yhited Utilities West Bank Corp Vreslinghouso Voungstown 54 'A 53 47'A 47 '4 47 34 Vt 465 Vi 35 48 78', 34 18'A 98 37'A 37V4 54 20 50 32 Vt 43 19 18 53 78 78 46 59 !!8' 43 88t 52 34 I8V4 B3 K2 9 20 10' 68 16, 27 21 51 22 47 106 40 4 Hi 37 59 47 55 40 41 40 MUTUAL FUNDS Trices until 10 a.m. PDT today. Bid Asked Affiliated Fund B.33 9.0! Atomic Fund 4.77 5.21 Blue Ridge ' 11.92 1.1.03 Bullock 13.84 15.10 Colonal Fund 11.75 12.84 Comw. Inv. 10.03 10.96 Diver Growth 8.72 9.56 Dneyfus 17.92 19.48 B & H Slock 14.14 15.28 Fidelity Capital 9.42 1024 Fidelity Trend 15.81 17.18 Fundamental 10 03 10.99 F.I.K. 4.32 4.73 Group Sec Com 13.65 14.94 Gr Sec Avia El 6 74 7.39 Hamilton H.D.A. 5.00 5 46 Incorp lnv. 7.20 7.87 JCA 10.77 11.77 Investors' (.roup Intercontinental 6 27 6.77 :Mulual 11.4.1 12 35 :;ttock 19.19 20.75 Selective 10.45 11.18 ::Variable 7.0 7.63 Keystone 1 22.14 24 .15 Keystone S 3 14 81 16.17 fcevstone S-4 4 32 4.72 M.i.T. 15 18 16.50 M.I.T. Growth 8 30 9 07 Nat'l IllV. 15.59 16 85 Nat'l Sec Piv 4 42 4 60 Nat l Sec Growth 8 14 890 rtat'l Sec Stock 8 07 8 92 Putnam Fund 15.16 16.57 Putnam Growth 8.84 9.6B iitSocted Amer 9 83 10 65 Miareholders 10.98 12.00 JiOp. Inv. Sit. 7.58 8 26 Value Lines 5 36 5.96 Wellington 14 96 1601 Windsor 14 19 15.42 Whitehall 13.81 Ml Livestock ; PORTLAND (LTD (USDAl -Livestock: Cattle 75, Not enough sales to test trade. Calves 10. Not enough talcs to test trade. - Hogs 150, Couple Inls 1 2-3s 223-229 lb barrows and gilts 17-17.-W. Sheep 150. No early talcs. Thursday. October H, 1963 Klamath Falls, Ore. WALL STREET NEW YORK (UPI) - Slocks closed at their best levels today following a last minute rally paced by electronics. RCA spearheaded the electronic gamers followed by sizable ad vanccs in Control Data, Minneapolis-Honeywell, IBM and High Voltage Engineering all of which had been lower earlier in the session. Motors, another early w eak spot, moved up from their lows with Chrysler in the lead. tarry soft ness in Chrysler was attributed to the tsquelching of a rumor that the company would split its stock at 100. Steels were narrowly mixed. Wail Street Chatter NEW YORK (UPI) - Invest mcnt adviser James Dines says that "since wo do not yet see a major decline it is prudent to refrain from any large scale sell-! ing in other than obviously over priced issues." Nevertheless, he adds, since a short term decline is possible, in. vestors should limit new purchas es until there is less indecision in the air. Reynolds & Co. says that if the industrial index makes another! new high, accompanied by t h e rails and utilities, it will mark another phase of the year-old bull market. However, it adds, "until the market settles the stalemate by its own action, we would adopt a cautious attitude and con tinuo to concentrate only on fundamentally strong situations! selling at reasonable prices." Harris, Upham & Co. says that "a summer rally that peaks out in July reflects a suspicious mar- ket, while one that continues into September usually indicates fair weather ahead for the rest of the year. It is reassuring therefore the brokerage firm 6aid, that this year the summer high was made on Sept. 24. Clark, Dodge & Co. comments that "while the market is head ed toward higher levels before it finally burns out, odds seem to favor some nearby Irregularity. A policy of bidding for select is sues rather than chasing them in excited markets is likely to yield the best results in the final analy sis. By United Press International Stocks Irregularly lower in mod erately active trading. Bonds irregular. U.S. government bonds mixed in quiet trading, American stocks mixed. Cotton futures slightly higher. Wheat closed up to off 4'4 cents; corn up to off cent; oats up 'A to cent; rye off V to 2 cents; soybeans off 1 to up cent a bushel. Grains CHICAGO (UPI) Grain range: High Low Close Wheat I Dee 2 12 2.10 2.11- Mar 2.12 2.10 2.11'4- May 2.09 2.07 2.08-.07 Jul 1.79 1.73 1.74- Oats Dec .71 .71 .71- Mar .73 .73 .73- ' May .73 .72 .73 I Rye I Dec 1.53 1.51 1.52 1 May 1.57 1.55 1.55 I Mny 1.57 1.55 1.55- 1 Jul 1.47 1.45 1.45 I Potatoes PORTLAND (UPI) - Potato market steady; 100 lb sks washed Russets U.S. No 1 unless other wise slated: Size A Wash. 2.40 2.75; Oregon 2.65 3.00; few higher; 50 lb rlns, seed 2 oz. spread 1.73 2.25; Idaho Russets baled 5-10 lb film bags 2 40. Stocks LOCAL SKCURIT1K S Asked 67'j 32'4 27 0 22. 34's 76 24' 31'. 4'. 35'v 1 27S 27', 92', 22'i 25 33S llld Bank America Ol'i Boise Cascade 30' Cal Pac Utll 25 Con Freight II' Cyprus Mines 21' Equitable S & L ;' 1st Nat'l Bank 7J, Jantzen J;ui Morrison Knudscn W Mult Kennels 4'i N.W. Natural Gas a.13 Oregon Metal 1 Pi'rvL 26 ' PtiE 2.V U.S. Nat'l Rank B84 Tektronix 21 West Coast Tel 2.1'j Weyerhaeuser 3 IS APPKAI. FOR F.YKS PASADENA, Calif. it'PD - An appeal will he issued to football fans attending a game between Ixis Angeles Slate College and Cal Poly of Pomona in the Rose Howl this Saturday night to do nate their eyes after death so that some blind persons may see. Spectators will be asked in the appeal onsored by the Lions Eye Foundation of Southern Cali fornia to sign a form authorizing removal of tho corneas of their eyes in the event of death lor transplanting to the eyes of blind jersons. irl Escapees To Home; Two One of four teen-age girls who escaped from the Klamath Coun ty Juvenile Home Wednesday night surrendered In state police early Thursday as Klamath Court- ty law enforcement oilieors were seeking to locate the lugitives. Later this morning. County Ju venile Officer Francis Mathews said that another of the missing girls had been located and re turned to the juvenile home Mathews stated that three of the girls escaped through a win dow in the girls' dormitory about 8 p.m. and were followed by the other girl who left through the 6ame window some three hours later. A rash of similar outbreaks at the juvenile home in recent months have continued to prove that the narrow windows in tiie girls' and boys' dormitories are not as escape proof as they were reputed to be. Mathews indicated that work- Emma Grey Dies At 80 Mrs. Emma D. Grey, 80, a resi dent of Klamath Falls since 1926, died Thursday, Oct. 10, at Hillside Hospital lollowing a brief illness. She was the widow of Robert B. Grey, who died in July this year. Mrs. Grey was born in Terra Haute. Ind., Aug. 9, 1833. She was a member of St. Pius X Catho lic Church and of the Order of Railway Conductors Ladies Auxili ary. The Rosary will be recited Fri day, Oct. 11, at 8 p.m. in St. Pius Church. Funeral services will be Saturday, Oct. 12, at 9 a.m. in the church followed by final rites and interment in Mt. Calvary Ceme tery. Survivors include a son, N. L. Grey, two daughters, Mrs. How ard (Roberta) Dewey, Mrs. R. E. (Helen) Jcshke, all of Klamath Falls; five grandchildren and four great-grandchildren. Student Fees Telecast For SALEM (UPI I A 15-minutc paid political telecast was filmed here today to urge support of the legislature's tax measure at next! Tuesday's special referendum election. Gov. Mark Hatfield, former Gov, Charles Spraguc. and University nf Oregon student body President Phil Sherburne participated in the paid political advertisement. Sherburne said the program will bo financed from pledges of breakage fco refunds from Uni versity of Oregon students. He said $14,000 in breakage fees had been pledged. The telecast is sponsored by the Save Our Students Committee," of which Sherburne is chairman. He said about $6,000 will be pent on the television campaign, $4,000 has been planned for news paper advertisements, and $3,000 has been budgeted for radio ad- vprtising. In the telecast, Hatfield answer. ed questioned of both Spraguc and Sherburne. The governor said he was nut o Effect On Local School Districts of A Reduction of 11 and 14 of the 1963-64 Appropriation for the Basic School Support Fund District Number Estimated Under Full (1) County Unit Elem, No. 1 KUHS No. 2 TOTAL AYESvote means 'No' to higher property taxes! This ad said tor at comnrunity tarries by: Klamath Caunras anvil" NiKotien AiAtefc MrSgy Rotitatf, leajilatia Chmn., 3910 Denver 1 J U-Wmiliu " Hum M Returned Missing men are in the process of con structing steel screens over the dormitory windows and predicted that the additional feature would eliminate many security problems at the juvenile home. Pair Serves College As Trustees Two Klamath Falls members of the board of trustees of Lewis and Clark College in Portland will leave Friday to attend the first of four official board meetings scheduled this year. Rev. Laing Sibbet, minister of the Peace Memorial Presbyterian Church, and Laurence Shaw, presi dent of the Modoc Lumber Com pany, wore elected to the 36-mcm-i ber board in June. Six other new trustees, all from Portland, were also named for three-year terms. They include a doctor, lawyer, insurance man, and three company presidents Trustees can be re-elected to serve a maximum of three terms or nine years. In addition to attending the rcgu lar board meetings, the trustees are divided into committees which meet between sessions. Shaw is a member of the buildings and grounds committee, and Sibbet is on the student affairs committee. Both men arc connected with the college through their sons. Jim Sibbet is a freshman class student. and Tom Shaw is completing his senior year at Lewis and Clark. Preparing for its centennial cele bration in 1967, Lewis and Clark is a liberal arts college affiliated with the Presbyterian Church. It is currently involved in an ex tensive expansion program. A new freshman residence hall for 270 students was recently completed, and a co-ed dormitory is sched uled for construction within the next few months. To Finance "Yes' Vote for the tax program adopted by the legislature, but he wants the measure supported at Tuesday's election because "I am fighting for state services." He also said "if the tax meas ure is defeated, the day of the sales tax is near." Hatfield said he did not believe a special ses sion of the legislature if one is called would adopt a sales tax bill, but he expects sales tax sup porters to get toegether and agreci to initiate a sales tax. Hatfield also noted tax increas es were needed because the state had used up its surplus funds, and because of the increase in student populations in state-supported schools, colleges and uni versities. Hatfield also carried his cam paign for the tax measure to the editorial pages of the state's daily newspapers today. In letters addressed to the edi tors, he made a plea for passage of the bill so that "the perform ance of essential state services will not be endangered. QUESTIONS to our fellow citizens of Do you know thof under Measure I our county will receive $1,528,789.20 Basic School Support funds from the state during the current bien nium to offset local property taxes? Do you know thot if Measure 1 is defeated on Oct. IS, any cuts in Basic School Support will have to be made up by lowering our educational standards (making our children the victims) or by raising property taxes? Apportionment Appropriation (2) $ 111.956.12 277,146 66 419.616.42 $ 85.544 22 11,869.30 65,526. 91 Jl, 5:8. 789 20 $112,940.61 VOTE YES on Measure 1 HERALD AND NEWS SPONSORED Mr. and Mrs. E. Remington Davenport will re turn to Klamath Falls Oct. 16 to demonstrate the making of fins candies. The demon stration will be at Mills School Auditorium, 2 to 4 p.m. and 7:30 to 9:30 p.m. There i no admission charge. The public is invited. They were in Klamath Falls in 1962. Death Takes J. C. Ay out t LAKEVIEW-Joseph C. Ayoutt, 55, died at Lakeview on Oct. 6, following a long illness. He had lived in New Pine Creek tor the past 17 years and in Lake Coun ty about 35 years. He was born Sept. 1, 1908, at Concord, Vt. Surviving are his wife, Beth, New Pine Creek; a son, Ralph, Klamath Falls; two daughters, Mrs. Gloria Hcnsen, San Diego, and Mrs. Virginia Cox, Lakeview, and five grandchildren. Funeral services were held Oct. 9 from the New Pine Creek Bap-i list Church, with burial following in the New Pine Creek Cemetery. Rev. Gordon Harris officiated and arrangements were by Ous-ley-Osterman Mortuary. Mr. Ayoutt was senior warden of the Lakeview Lodge No. 71, AF&AM, and committal services were under the direction of this organization at the graveside. Pallbearers were from the Ma sonic Lodge. He was also junior past patron of the Northeast Chap ter No. 254, OES, Fort Bidwell. Savings Stamp Certificates Set Klamath Falls Postmaster Chester L. Langslet announced Wednesday that he has received a letter from William H. Neal, national director of the U.S. Sav ings Bonds Division, announcing that children buying their first savings stamps of the school year will be given a certificate signed by the seven Mercury astronauts. Certificates will designate the savings stamp buyers as "junior astronauts. The certificates are available at the post office and at schools selling savings stamps. Savings stamps in 10, 25 a n d 50-cent denominations are on sale at the post office and at schools. VISITS SON WASHINGTON (UPI) - For mer Ambassador to Britain Joseph P. Kennedy is visiting his son, the President, at the White House. The elder Kennedy, ailing since he suffered a stroke Dec. 19. 1961, arrived Wednesday aboard the family plane, the Caroline, ac companied by his niece and com panion, Ann Cargan ol Boston. Estimated District Reduction if The Total Appropriation it Reduced by Vi . Y" i a . (3) ' 1 ( J 107.929.4! 40.204.60 81.964 62 $212,098 63 Free Candy-Making School ci ated Here Wednesday A free candy school will be conducted in Klamath Falls at Mills School Auditorium, Wednes day, Oct. 16, by nationally-known Gladstone Votes Against School GLADSTONE (UPD-A $1 mil lion bond issue for construction of a high school was defeated here Wednesday by a 10-vote mar gin, 466 to 456. School Superintendent Walter Kraxberger announced the issue will go before the voters again Nov. 13. Gladstone students now go to other schools, chiefly West Linn, on a tuition basis. WES Heavy Duty ONLY With Qualified Trade for This Heavy Duty LAUNDROMAT That Washes 12 Dry Pounds Yes, 12 Dry Pounds! Ltt Us Appraiia Your Old Washer CALL TU 4-8886 NOW! Marching Dryer for iuir a few cants mora per month! LOOK - at These MONEY SAVING Features: Suds 'n Water Saver . . . tavei k water and uses up to V'j the detergent normally used in oth er automatics. Check directions on a detergent box and seel Weighing door prevents over- loading . . . ends guess work, Automatic lint ejector (not a lint collector). 3 rinses (2 deep rinses . . . ex clusive with Westinghouse). Uses less hot water . . . saving dollars each year! O FREE DELIVERY O FREE INSTALLATION O Plus GREEN STAMPS for Added Savings 1Z candy maker, E. Remington Dav enporl. He will be assisted by Mrs. Davenport. The public is invited by the Herald and News to take advan tage of this professional instruc tion in the making of a number of varieties of candy that can be given the professional look in the home kitchen. Little tricks that add up to perfection in the candy-making art, not known to the average person, 'will be revealed. Davenport has been a profes sional candy maker for 25 years. has studied candy making in Eur ope, and has met the best candy makers on both continents. "There is no reason why any housewife cannot turn out a batch of perfect fudge or divinity,' Davenport tells his audiences. Your Best Washer Buy! The New Every HEAVY has all these Jf TWO f MFAVV MITY BALL BEARINGS . . electron icatly hardened and lubricated X tor lite t k f I i ' LARGE CAPACITY V TUB washes even the ? largest loads clean f P0WER-PAK V DRIVE reliable belt dnn system. 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He was described as a white male American, o'll" tall, weigh ing 200 pounds, wearing a gray hat, dark jacket and possibly blue jeans. Accident Fails To Injure Boy An automobile being driven out of a driveway at 4546 Cleveland Street struck a 3 or 4-year-old boy who was passing behind the car on a tricycle, about 3:45 p.m., Wednesday, Oregon State Police have reported. The youngster was not injured. Harrison Lindsay, operator of the car, told police that the acci dent occurred in front of his home. He contacted the boy's par ents and then reported the inci dent to police. The tricycle was slightly damaged. qhiu Laundromat ! DUTY LAUNDROMAr features! .V HtAVT uur , V M HP MOTOR POWERFUL v bronze bearings f DRAIN PUMP itb it? , lw" "" NeooreiHi impeller . . . -'-f - pumps water over 4 'v -V 12leeth.li A , t ' l-ewr' x .'."'.V' V' The Washer That Saves You Money Every Time You Use It! BUY ON OUR EASY TERMS. NO PAYMENTS UNTIL DECEMBER after Normal Down Payment or Qualified Trade! Side tfpplianjcM 5:30 a.m. Thursday when' he struck and killed a yearling calf about a half mile east of the Lakeview Junction. The collision resulted in dam age to the headlight and a fender of Grant's car. Police are seek ing to determine the owner of the dead calf. The other accident developed on Madison Street when an auto mobile operated by Mrs. Bob Rowe. 5846 Maryland Street, struck a horse which had wan dered onto the street. The horse, apparently unhurt, ran off after -it was struck. There was no dam- ""' age to the vehicle. Man Nabbed For Thefts Klamath Falls police appre hended a man emerging from a garage Wednesday night, charged him with burglary, and later im-. plicated him in another break-in. Melvin Kirkscy, 41, Honker Ho tel, was charged with two counts of burglary not in a dwelling and booked at city jail. Police had received a call that a burglary was in process at Bill's Towing, Spring and Elm streets. Officers arrived and found, that a rear window had been broken out. Just then, Kirksey came out of the window feet first and police took him into custody. Later, he was implicated in a break-in at the Donco, Inc., steel plant, 1540 Elm. Apparently noth ing was taken from either firm. yot . e- . . mi" ner .1. Ve." .ot '"-'AO"? " 6. Jwboc 7A Automatic NEW ACRYLIC t.g PORCELUX FINISH is stain, chip and VH-t . Ml aave op n yfiepa eallnnt nf wh Vi tne oetereeni w AUTOMATIC SUDS-H WATER JSSH Selt-Cleanine AUTOMATIC is LINT EJECTOR K'-l WEIGHING DOOR prevents overloading., . nas Safety Swilca ) toneer-Lsstinf NEW SYNTHETIC with for HubbtK Boor .r-r .'ii " LiT"ai ijitt I ifA- i IHTiafiia iMf FREE SERVICE Ph. TU 4-8886
