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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 27, 1963)
55 Business Review By Floyd L Wynne HEKALD AND NEWS. Klamath Falls, Oregon Sunday, October 2. 1963 PAGE 3 Bank Tops Old Records Karr Wins Buck Prize ' il " f & '---" i i i 111,.,' Ci. -1 1. . i : OPEN DOWNTOWN LOCATION Nybacks opened their remodeled downtown lo cation Thursday, the former location of Bill and Rita's at 430 Main Street. Ready for business in their new location are, left to right, Matt DelFatti, floral designer; Al Ny back, Mrs. Sandra Voight, Nyback's daughter, and Mrs. Nyback. The cake was pre sented by other merchants of the 500 blo:k of Main Street. A BIG WELCOME Other merchants along the 500 block of Main Street greeted the Nybacks, who opened a downtown location at 430 Main Street, with a specially dec orated cake and coffee, instead of the usual greeting of flowers. Left to right, Claude Davis, Rex Davis, Vern Owens, Jack Murphy, Sergeant M. Buess, Army recruiter; Joe Green, Mr. and Mrs. Al Nyback and their daughter, Mrs. Sandra Voight. The cake sayi "Welcome To Linkville Nybacks." Meaning Noted By NEW YORK ib'PD - This is National Thrift Week, and of all the various "weeks" which clut ter the calendar this one prob ably has as substantial backing as any. At the same time, some econ omists point out, what consti tutes thrift is not as simple to determine as it was 100 or even 50 years ago. Thrift in the mind of the thrifty person may not mean what it did to his father. Dr. Herman B. Wecll. chair man of the National Thrift Com mittee, said the purpose of the week is to focus "attention on the rewards of personal thrift and the part played by the in dividual thrift institutions of the United States in motivating pro grams that inspire greater ac cumulation of capital for the ev er increasing demands of eco nomic growth." Leaders Back It According to statements re leased by the committee mark ing the "week" which extends from Oct. 20 to Oct. 31. (lie pur pose and objectives of the week are hailed by Douglas Dillon, Secretary of the Treasury: Wil jn "'V i'i 'assays ,. GETS ALOHA FRANCHISE Larry Klahn, left, is shown shortly after he signed a franchise agrebment to handle Aloha Trailers. Ray Casey, right, sales manager of the Aloha Trailer Company, Beaverton, Ore., beams happily over the deal. Klahn has been in the automobile business in Klamath Falls for the past 13 yean and has opiratod his own lot at 2128 South Sixth Street for the past five years. He will add the complete Aloha trailer line ranging from 13-foot camoers to 22-foot self-contained models, priced from $1,045 on up. Financing and credit are avail, able on trailers. ti III Of Thrift Change Week Observance liam McC. Martin Jr.. chairman of the Federal Reserve Board; Sen. Everett M. Dirksen. minor ity leader of the Senate; Joseph P. McMurray, chairman of the Federal Home Loan Bank Board, and R. Stewart Rauch Jr.. president of the National As sociation of Mutual Savings Banks. While the week was getting under way, .Melvin A. Eggers, professor of economics at Syr acuse University, was talking to a convention of the savings bank association of New York state about their role in particular and about the practice of thrift in general. Eggers also is the author of a special study prepared for the association, and in it he says "there is widespread consensus that thrift is old-fashioned and on its way out" Then he sets to work to show that this is not the case at all. Eggers said "to hold thrift ob solete, on the basis of modern thinking and available evidence, is no more reasonable than to hold that cleanliness has ceased to be a virtue because of declin ing sales of soap, without re gard for the rapid growth of nonsoap detergents." Changing Definition Continuing, he said his study "holds that thrift is not obsolete but that a definition of tlirift is obsolete if it relates to thrift solely to financial accumulation, especially for precautionary purposes. The thesis is that the nature of thrift has changed, but that the change has not been universally recognized, so that the word is used to describe what today is only one aspect of thriftiness. "To those most directly in volved the households them selvesthrift today consists of the accumulation of productive personal capital . . . this state ment is made flatly and without qualification. It is not to be in terpreted merely as a change in the definition of the word thrift. It reports on a change in thrift itself." Bank Activity Increase Noted Bank debits for the Klamath Falls area including Klamath and Lake counties increased in September, 1M3, compared to September, 1902, the University of Oregon Bureau of Business Research has reported. Debits for September, 1963, totaled $37,837,247. For August, 19B3, the total was $3fi,774.3K3, and for September, 1!M2, the to tal was $33,463,721. Oregon, with 266 banks re porting had an increase in bank debits in September, 1963 of plus 0 8 per cent as compared with August, 1963 and an increase of plus 21.0 per cent as compared with September, 1962. Construction Plan Approved SEATTLE UI'I - Dirccfors of Pacific Northwest Bell Tele phone Co. approved Oregon con structiji projects costing $1,257, 7uo at a meeting here Thursday. The largest item was $731. OHO for local switching, long distance carrier and PBX equip ment additions in Portland. Also approved was a $219.0110 addition to the Oregon portion of tlie major long distance route between Portland and Sacra mento, Calif. About $42,500 wa allocated for central office equipment at Roseburg and $22, 0UO (or terminal equipment on the Eugene-Junction City route. The First National Bank of Oregon has released their quar ter deposit and loan figures which surpass comparable fig ures for any period in tlie bank's 99-ycar history. First National President Ralph J. Voss announced that the bank has accumulated de posits of $1.010.179.865 a gain of more than $60 million over the comparable figure for a year ago and $8 million over the rec ord established in December, 1962. "First National also has maintained its position of lead ership in the field of loaning, with a gain of almost nine per cent over total loans for the third quarter of 1962," he dis closed. The four Klamath and Lake County branches of First Na tional reported third - quarter deposits of $33,212,249 and loans outstanding of $28,363,823, Voss said. Comparable totals for t h e branches a year ago were $32, 731,308 in deposits and $26,041, 265 in loans. First National Bank of Ore gon listed total resources of $1, 110,026.514. The 94-officc banking system has five buildings under con struction with opening dates scheduled for November and December. New First National branches will open in Portland's Burlingame district and at the intersection of .Mohawk and Centennial boulevards in Spring field. Jlodern new buildings w ill replace present facilities at Central Point. The Dalles and North Oregon City. The Klamath Falls and South Sixth Street branches of F i r s t National Bank of Oregon report ed combined third - quarter de posits of $21,796,056 and loans totaling $18,000,253 according to R. H. Tisdale, vice president an manager of Klamath Falls branch and M. E. Shannon, manager of the South Sixth Street banking office. At the same time they re leased comparable combined to tals for September 28, 1962. At that time deposits were $21,021, 311 and loans were $16,752,710. Figures released by Merrill Branch Manager Donald L. Pylc show that third - quar ter deposits at the branch were $2,518,217 and loans were $2, 752,867. Totals for the blanch a year ago were $2,461,349 in deposits and $2,380,137 in loans. Timber Co. Drop Told Nine-month earnings of Wey erhaeuser Company decline five per cent as a result of a work stoppage last summer in the Pacific Northwest wood products industry. A quarterly report to share holders said net income for the nine months ended Sept. 30 was $29,089,000. equal to 93 cents a share. This compared with $30, 559.000, or $1.01 a share, for the comparable period of 1962. A labor dispute idled the com pany's Northwest wood products and logging operations for nine weeks. "This circumstance counteracted the earlier im proved profit trend," the report said. "However, generally im proved prices and demand for forest products provide a more encouraging outlook for earn ings." The report noted that soft wood lumber and plywood prices increased abnormally during tlie work stoppage. "Prices of plywood and com mon grades of lumber have since returned to around t h e prc-strike levels," the r e p o r t said. "However, prices of upper grades of lumber have held well above these levels. "Price increases were recent ly made in market pulp, con lainerboard, coated paper, con tainers and cartons, and some hardwood and other products." Shipments of products affect ed by the work stoppage were generally below the prior-year levels for the nine-month pe riod. "It is expected that tome of this loss can be made up over the remaining months of the year." the report said. "The backlog of lumber orders is a favorable indication of continued good volume in the months ahead. Soltwood plywood shi mentj continue at high level." Coins of Athens were the first to hae distinct design on both sides, according to the Chase Manhattan Bank Money Museum. i- t S. R. BALSIGER S. Balsiger Given Post Tlie post of customer rela tions manager has been added by Balsiger Motors, and S R. Balsiger has assumed that post along with his present assign ment as parts manager. In this capacity, Balsiger w ill be responsible for follow-up on such matters as handling of new car warranties and assuring complete customer satisfaction. Balsiger is vice president of Balsiger Motors and has been associated with the firm since its organization. E. E. Balsiger. president of the firm, indicated that the new post was established to handle liaison matters between the dealer and the customer and that this has proven of tremen dous advantage where attemjit ed. Technological Hearing Dated SALEM (UPll - Hearings on changes in the potato harvest and vocational and apprentice ship training needs will be held by the legislative interim com mittee on technological employ ment Oct. 29-30. The meeting will be held in Klamath Falls. l,f , k "" 1 jr. .;, jA, 1 25-YEAR PIN Robert H. Trelease (right), a conductor for the Great Northern Railway, receives a pin commem orating 25 years of service with the company from Klam ath Falls trainmaster J. M. Anderson. Trelease started with Great Northern as a student brakeman in October, 1938, and was promoted to brakeman a month later. In 1947 he became a conductor. He served during World War II as a paratrooper and was discharged as a first lieutenant. He resides at 2515 Reclamation Street with his wife, Ruth, and their four children. Airline Firm Sponsors College Student Plan West Coast Airlines is going to college. Beginning fall quar ter, it w ill be represented on the campuses of 11 western univer sities by upper-class students with an aptitude for sales and public relations. The institutions are Rrigham Young, Gonzaga, Oregon Slate, Oregon, Stanford, Washington, Washington State. San Jose State. California, Seattle U and Idaho. Those selected lor California duty arc William B. Patrick, 23, law major at Stanford, whose home town is Avon Lake, Ohio; David E. Darter, 22, Seattle, business major at San Jose Slate; Robert B. Friend, 20, Son Francisco, marketing student at California. In Washington state, the rep resentatives will be Richard E. Dietrick, 26. from Ford, Wash., a personnel management and psychology mojor at Gonzaga U, David Flint, 27, Grand Forks, N.D., law major at Washington The big buck contest, staged annually by V e r n Owens of Cascade Home Furnishings, 412 Main Street, was won this year by the buck shot -by -Lyle S. Karr, 1436 California Avenue. Karr's buck w as shot near the Swan Lake Ridge and weighed 248 and one-half pounds, exactly the same veight as the winner in 1962. His entry was only a half pound heavier than the buck shot by Rex Smith, Route 1, Bon 926. 'Smith's buck weighed 248. The next closest entry was that of Jackie Tom of Sprague River who had a 242 pounder. As winners, the Karrs re ceived a big 420-pound Ama na AU12 freezer which was de livered to them on Thursday morning. Mrs. Karr also 'shot a buck during the season which was al most as big as her husband's winning entry. It weighed 232 pounds. Miller Beer Dealer Told The Miller Brewing Co. has announced the appointment of Franklin and Quinn Distributing Co. as a wholesale distributor of Miller High Life beer in the Klamath Falls area. Miller, which operates one of the largest breweries in the world at its Milwaukee head quarters, markets its product throughout the U.S. and in some 60 foreign countries. Franklin and Quinn Distribut ing, located at 1300 Esplanade, is owned by John W. Quinn and Walter T. FriJnklin. The firm recently purchased the assets of KBC Distributing Co., which had previously handled Miller ligh Life. Miller has granted Franklin and Quinn Distributing a terri tory comprising all of Lake County and part of Klamath County. State U., Dale J. Buskirk, 19, Bellcvue, Wash., philosophy ma jor at Washington, and Terry Keith. 25, Seattle, who has tak en a leave of absence as reser vation agent to attend Seattle U. Another company employe, Edward Stone, 19, part-time customer service agent in Eu gene, Ore, has resumed busi ness administration studies at tlie University of Oregon and will combine campus sales work with tlicm. Jan V. Iseri. 20, Payette. Ida ho, accounting major, will rep resent West Coast Airlines at Idaho, and Kirk Alldrcdge. 19, I'rovo, Utah, history and philos ophy student, is tlie Brigham Young representative. The men will assist tlie com pany's district supervisors as resident lies representatives orking with student groups and faculties, arranging tour trips, and assisting in airport ticket work. 5&f WIN BIG FREEZER One-half pound of deer meat won this big 420-pound Amana Freezer for Mr. and Mrs. Lyle Karr, 1436 California Avenue, shown here with Vern Owens, left, owner-operator of Cascade Home Furnishings, 412 Main Street. Karr turned in the biggest buck, a 248 Vi pounder shot near the Swan Lake Ridge to win the freezer. He was only half-a-pound over the entry of Rex Smith, Route I, Box 926, who had a 248 pounder. WILDA MATTHEWS Real Estate Firm Moves Wilda Matthews, broker for Wright Real Estate, an nounced last week that the real ly firm has moved to new quar ters at 1213 Main Street. Former offices of the company were at 306 South Sixth Street. The new location, n e x t to Klamath Flower Shop, gives them ample parking space. Sales representatives for Wright Real Estate include Mil dred Hall and 'Dan Jlomfclt. The move has necessitated a change in phone numbers. The new phone number if TU 2-6351. Split Seen By Chrysler NEW YORK (UPll- Direc tors of Chrysler Corp., today proposed a two-for-one split of the company's stock and an nounced the quarterly dividend will he doubled. Directors, meeting here, declared a dividend of 25 cents a share on present shares for the fourth quarter and 25 cents for the first quarter of 1964 on each share to be out standing at that time after the proposed split, which would be come effective Dec. 20 if approved by slockho I d e r s. Stockholders will meet to con sider the proposal Dec. 17 and the split shares are scheduled for distribution on Jan. 10, 1!W4. The dividend for the fourth quarter is payable Dec. 2 to holders of record Nov. 7 while the first quarter 1064 dividend will he paid March 2 to hold ers of record Feb. 6. GK.TS NEW POST WASHINGTON UPI - Wal ler C. Williams, former direc tor of Project Mercury, has been named operations director for all manned flight missions. The announcement was made Wednesday by George E. Muel ler, associate administrator of the National Aeronautics and Space Administration (NASA). He said all NASA, defense and other teams would report to Williams. GUARANTEED TRUCK SERVICE AND REPAIRS We're Specialists on 4 wheel drive Willys 'Jeep' vehicles, but we are equipped to serv ice all mokes. JOE FISHER Lincoln Mercury, Comet Willys 'Jeep' vehicles 677 Ss. 7th Ph. 4-1104 fmtrgncy Phonfl: Cherlia Ramp, 2-4958 'Opinion' Rate Noted Something on your mind that you'd like to tell the governor, secretary of state, or a member of the state legislature in Sa lem? Well now you can say it fast, by wire, from anywhere in Oregon at a special rate of 85 cents for 15 words. The new porsonal "opinion" message service, called "POM," has just been intro duced today by G. B. 'MeKecn, local manager or the telegraph company. As a result, anyone in Oregon may call at, or telephone, a Western Union office and send to the state capital a POM stat ing his attitude on an issue of local, state, national or general interest. The sender's name and address, to assist in speeding a reply, are included at no extra cost. "People who want to say more than 15 words," said Mc Kccn, "usually use day letters and night letters which have a 50-word starting allowance for a low minimum charge. "We expect the POM mes sage volume will rise and fall with public interest in contro versial issues. Recently we test ed the service iqtra-state in four states during a 17-wcek pe riod. Wc think it's a service the public wants, needs and will use." As an added service, all Western Union offices have been equipped with an up-to-date list of members of the slate legislature. Western Union also offers a similar 15-word, 85-ccnt POM to Washington. Senders can ex press tlicir views and recom mendations to the President, vice president, senators and representatives In tlie nation's capital from any point in the continental United States. Cultured pearls grow as big as marbles off the coast of Western Australia. the television is here I in ri NEW SONY MICRO TV This Is ht TV of tomorrow . . '. the remarkable SONY Micro TV that mtkn etary othtr TV sat yau'ia taan ob olart. Fully trantitroriiad, no tubat to burn out avar, and tha pawar traniiitora are of tha new apitoilol rypa which up to now hova only baan uiad in cemputari and othar advanced "Spaca Age" alactrenic equipmanr. Hardly largar Ihon a lalephane, it can ba linca it oparatas on ttt own ra chargaabla battery pack, autoboot battary or AC. Its picture li meit remorkabla of all . u you cannot aa the "scanning" Unas so disturb ing en othar lots, and you can viaw comfortably from two feat. Come in for a convincing demonstration today! IfLEO'S I. I 'H T 836 Main n) m GARY SHIRLEY Firm Picks G. Shirley Gary Shirley has been named new manager of tlie two used : car lots of Thomas Dodge. A recent arnival from Port land, Shirley has been in the automobile business since 1960. Born in the Madras area, he is also a boyhood friend of Jack Thomas, owner-manager of ' Thomas Dodg Shirley and his nife reside at . 1313 Lookout, I He will be in charge of used I car sales for the auto firm and will supervise the operation of the used car lots. ' Stock Move TACOMA (UPD The board of directors of the Weyer haeuser Co. has authorized the filing of applications for listing the company's shares on t h e Now York Slock Exchange and the Pacific Stock Exchange, it was announced today. The announcement said It was anticipated the shares will be admitted to trading before the end of the year. At present tlie stock is traded over the counter. of the future today! Weight only 8 lb.! used anywhara, iwdoara er out, CAMERA SHOP Ph. 2-3331 18995 CASE $12.95
