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
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SAVING Features:
Suds 'n Water Saver . . . tavei k
water and uses up to V'j the
detergent normally used in oth
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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
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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.
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7th & Klamath
Horse, Calf Fall Victim
To Autos In Two Mishaps
A horse and a calf were the
victims of two unrelated automo
bile accidents that occurred late
Wednesday and early Thursday
according to Oregon State Police
Paul Grant, 2111 Holabird
Street, told police that he was
driving along Highway 39 about
Woman Sees
Thief Leave
A woman reported to police
Wednesday evening that she saw
a burglar leaving her house
through a basement door.
Mrs. George Harris, 217 North
Fifth, said a steam iron, several
shirts and a $5 bill were missing
from her home. She said the en
tries into the house had appar
ently been occurring for several
days, but she happened to spot
the man Wednesday afternoon.
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.
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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.
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