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
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'---" 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.
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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