Herald and news. (Klamath Falls, Or.) 1942-current, October 29, 1963, Image 4

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Herald and news., October 29, 1963, Page 4, Image 4

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Newspaper Page TextPAGE I HERALD AND NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS United Press International ' Allied Chemical S45i Alum Co Am 69 American Air Line 30'i American Can 4.15i American Motors 21 'i AT&T 13P'4 American Tobacco 291 Anaconda Copper 49 Armco 63' American Standard 167a Bendix Corp 49 ' Bethlehem Steel 32'a Boeing Air 34' t Brunswick ll'i Ca:erpillar Corp 473 Chrysler Corp 93 Coca Cola 103' C.B.S. R2'i Columbia Gas 29'k . Continental Can 43H Crown Zellerbach 52'i Crucible Steel 23'i Curtiss Wright 19H Dow Cehmical 62 'j Du Pont 252'i Eastman Kodak 114 Firestone 38' j General Dynamics 25' a General Electric 843i General Foods 87 General Motors 89!i Gon'l Portland Cement 22 Georgia Pacific 54'i Gt Nor By 53'i Greyhound 44'j Gulf Oil 47'. Homestake 455 Idaho Power 35'i I.B.M. 49ivi Int Paper 33'i Johns Manville 483i Kcnnccott Copper 773s Lockheed Aircraft 35T Martin 18H Merck 1M Montana Power 373i Montgomery Ward ' 361. : Nafl Biscuit 583i New York Central 20 Northern Natural Gas 52 Pac Gas Elec 3I'i Penney J. C. 44Ji 'Penn Ml 443i Permanente Cement 16 Procter Gamble 79' Radio Corp 93'i Richfield Oil 4411 Safeway 62'i Sears . 991. Shell Oil 47 Socony Mobil Oil 67? Southern Co 54hk Southern Pacific 324 Sperry Rand i 17si Standard California 64 Standard Indiana 63 Standard N.J. V2 Stokely Van Camp 2Pt . Sun Mines '" Texas Co. 67' ' .'-Texas Gulf Sulfur lTi ;;Tex. Pacific Land Trust 25H :"Thiokol 22'i Trans America 50i Trans World Air 26'i Tri Continental 47'i Union Carbido 1I4' Union Pacific 39 United Aircraft 4.1' United Air Lines 375 U.S. Plywood 60' i U.S. Rubber 47'i U.S. Steel 53'i United Utilities 40 Westinghousc 37'i Youngstovvn 126 MUTUAL FUNDS Prlcos until 10 a.m. PUT today Hid Asked ; Affiliated Fund 8 46 9.15 ; Atomic Fund 4 BO 5.24 Blue Ridge 12.00 13.11 Bullock 14.11 15.46 '. Chemical Fund 12.43 13.61 : Colonial Fund 11.72 12 81 Comw. Inv. 10.16 11.10 Diver Growth 9 08 9.95 Dreyfus 18.54 20.15 E & II Stock 14 40 15.56 Fidelity Capital 9 89 10.75 Fidelity Trend 16 81 18.27 Fundament jl 10 20 1128 F.I.F. 4 41 4 83 Founders Fund 6 70 728 Group Sec Com 13 83 15.14 Gr Sec A via LI 7.30 8 00 Hamilton 11 DA. 5 10 5 58 ICA lie.) 12.12 . Investor's Group .Intercontinental 6 26 6 99 Mutual ll.4'.l 1242 Stock 19 41 2049 ' Selective 10 47 1120 Variable 7 l 7 74 Keystone Sl 22 68 24.74 Keystones-.'! 15 21 16 60 Kevstone S-4 4 ." 4 77 MIT. 13.49 16 93 M IT C.iowth 8 51 9 30 Not'l Inv. 16.06 17 36 Putnam Fund 13 38 16 81 Putnam Growth 9 on 9 84 So!ect) Amor 10 13 10 95 Shareholders U 20 12 24 Sup Inv. Ser 7 19 8 71 United Acrum 15 22 16 63 United Canada 18 32 United Income 12.78. 13 97 1 United St-fence 7 24 7 91 Value Lines 5 33 5 85 Wellington 14 8 16 22 Windsor 14 48 13 74 Whitehall 13 96 13 09 LOCAL SECURITIES Rank America fcV'i 63 ' Boise ascade 32'. 34'i Cal Pac Util 21'j 26'j Con Kincht ' 10. Cyprus Mines 22't 24 Equitable S l L 3fl' 32'i 1st Nat l Bank 72 76 Jantzen 24' 4 2A Morrison Knudsen 31 Mult Kennels 3'. 4S N.W. Natural Gas M 35 Oregon Metal 1 1" PPL 26', 28 PGE 24S 27 U.S. Nat'l Bank 89 83 Tektronix 23'. 24"i West Coast Tel 23', 25'xd Woyerhajusor 31') J3' Tuesday, October 29, 1963 Klamath Falls, Ore. WALL STREET WALL STREET NEW YORK IUPD Strength in chemicals paced an irregu larly higher stock market to point in the chemicals. General Motors moved up nearly 2 to a new high for the year. Xerox was up around 14. Chrysler weakened. Drugs moved lower after the Senate monopoly subcommittee confirmed that it is studying se cret documents of a worldwide cartel which allegedly rigs drug prices. Baxter Labs, Merck, Pfizer, Rexall and Johnson & Johnson paced the downside. Wall Street Chatter NEW YORK (UPD-Colby & Co. continues to be of the opinion that the Dowjones in dustrial average can advance another fifteen points to about 775.00 before important correc tion intervenes. "Consideiing the present high degree of speculation in some issues, it added, we think short swing accounts must be very warm, but long term in vestment managers can just sit it out with holdings and add to these during periods of inevit able general market weakness. Over the long term the stock market is going a lot higher.' Investment adviser James Dines says that the correct market strategy here "is to en large the portion of portfolios in selected uptrended issues, pro tected by properly placed stops." "The fundamental position of the market continues strong," says E. F. Hutlon & Co. "Earn ings for the final quarter prom ise to be good. tThesc will add substance to the price rise which historically takes place in No vember and December in the stock market. We look for high er prices for the balance of this year and into 1964." Spear & Staff points out that for the last month, the Dow Jones industrial average has been rather volatile within a fairly narrow price range. "Over the near term this pat tern is likely to continue and to be accentuated by trading lor tax purposes and changes in the short position. We prefer to remain conservative and ad vise limited purchases," the advisory service bays. Livestock KLAMATH FALLS Livestock Auction Market Ont. 28 Receipts: All Cattle. 1300: Hogs 6; Sheep 30. Last week: Cattle, 386; Hogs 37; Sheep 5. Compared last Monday calves steady; Feeder steers and heifers .50 lower; slaughter cows and heifers .50 lower; Market on slaughter barrows and gilts not established. Slaughter Cattle: Std., Hol steins, 1200 - 1400 lbs., 19 -19.30. Heifers: Good-Choice. 770-973 lbs.. 21-22 20; Std.. 830-1000 lbs., 17.10-19.50. Cows: Std.. 15.70 - 17; Cmrl., 15 20-15.90: Utility. 13.10 - 15.50; Cutters. 10 80 13 20; Canners, 7.90 - 9 00. Bulls: Util. & Cmcl.. 1750 18 30. Stockers & Feeders: Steers: flood - Choice, 560 - 700 lbs., 20 50-22; Good - Choice. 700-825 lbs , 19 50-21; Com.-Mcd., 500-750 lbs., 17-20. Heifers: Good-Choice. S23-630 lbs.. 1922; Medium. 300 - 630 lbs.. 16-19 50. Steer Calves: Good - Choice. 3IXV4.V1 lbs , 24 25 - 27 50; 4.V-.Vi0 lbs . 22 25-24 50; Com -Med.. 300 500 lbs.. 18-22. Hotter Calves: Good Choice. 300-430 lbs.. 22 60 24 25; Good Choice, 450 500 lbs . 21 - 22; Good-Choice, 250 230 lbs.. 59 72.30 per head; Medium. 300 430 lbs., 1821. Cows: Too few to establish market. Baby Calves: Medium, 22 per head Hogs: Sow. 4V lbs., 950. SlK-ep: Slaughter Limbs. PO lbs., 16; Feeder Lambs, Hood. Clwice, W'hitclaie. 60 lbs., 13 50; Slaughter ewes. 150-330. HeporU-d by Ray O. Petersen, comity extension agent. POKTLWD UTI- lUSH.V Livestock: Cattle 300 Few cutlri utility rows 10-14: several canner 7 9. feeders some good-choice 600 800 lb steers 18-20; medium 750 100 lb 16-17. Calves 75 Slaughter, good vealers Soil lb down 21-26; lew utility-standard 19 20; cull 11; feeders. gvmd-choicc 30n-4jO lb Mo rs 20-24. Hogs 300. narrows and gilts 1-2 grade 200-23) lb 16 50-16 73. Potatoes PORTLAND aPI - Potato market steady; luo lb skj washed Russets US. No 1 un less otherwise staled: Si?e A Wash. 2 40; Oregon 1 R5-3 00; few higher; bakers 2.754 83; 6 14 oi 2 60-2 85; M;ed 01 spread S. 50-4 00; U S. No 2 bakers 2 25 2 35. Appraisal Methods Differ Between School Boards (Continued From Page 1) that question for presentation to the county court. The court had Gray Posts Best Guess In Contest William M. Gray, Route 1. Box 891D, came within 17 pounds of guessing the correct weight qf a load of logs which were part of a display at the corner of Eighth and -Main streets last Saturday. The contest was conducted as part of Hie observance of Na tional Wood Products Week and was put on by the Hoo-Hoos, a local club composed of persons in the wood products industry. Actual weight of the load of logs was 50.383 pounds and Gray guessed 50,400 pounds. He wins the first prize of a $50 gift certificate good at any lo cal retail wood products dealer. Second place went to S. H. Loguc, Sprague River, who guessed 50,450 pounds, some 67 pounds off the actual weight, lie wins a $35 gift certificate for wood products. Third prize of $15 gift certifi cate has been awarded to Mrs. T. A. Johnson, 5128 South Sixth Street, w ho guessed 50.300. some 83 pounds off the correct weight. In addition to the log guess ing contest, the Hoo-Hoos spon sored a display of wood prod ucts at the corner and other wood products displays in busi ness houses in the downtown area. Two Thefts Investigated Oregon Slate Police are in vestigating two cases of larceny involving a set of hub caps and a transistor radio, it was report ed Tuesday. Clifford Magnunson, operator of Shakey's Pizza Parlor, told police that four hub caps were stolen from bis car while it was parked near the Lucky Lanes Howling Alley about midnight Monday. Magnunson lists h i s residence as Eugene. The other incident was report ed by A. C. Cobb, Tulana Farms, Chiloquin, who stated that a pocket radio was stolen from" his residence at the farm sometime before 6 p.m. Police arc still seeking clues in each of the two cases. Mrs. Cornett Is Reappointed Mrs. Marshall E. Cornett of 509 Eldorado has been reap pointed by Gov. Mark O. Hat field to the State Council on Ag ing. She will serve with rcappoint ees, Mrs. Constance L. Weber of The Dalles; Dr. Clara L. Simer ville of Corvallis; Dr. Edward E. Rosenbaum of Portland, and newly elected members to the board. Ralph Dyson. Salem, and Mrs. Gordon Shalluck of Salem. Obituaries STANPIILD Bass Florr-nca S'anl.alrl, 10. (!'(! h.r. Oct. 1'frJ Survivor: tiusnand. Jwin Marion stanfl.id. lrn city; so lars, Mrs hallla Oroya, ti'qpn.. M'l Etta Ka.n. Catro Vanav. Caul. Mrs. Lola PannlnrjIM. Ravnoofl, Wlihi brothers, Edmuitd a"rt William Grilfm, Klaoar. Wail. Hutiaral strvlca. Ward i Klamath huneral Home, Thursday Cki. Jl. at 10 30 a m Concluding larvlcat in Elflrnal H IMS Mmorial Cardtns. Funerals NOLI N Funtrai a,yifat tnr Wichaal Ei'iant Nolan v., II ta said F'iday. Nov I. at 10 p m in ha F ir it ttapl't Church Inlarmanl vtill ha In Klamath Mamor. lal Park 0 Hair'i vamonal Chapel II In charge Grains CHICAGO 'I 'Pit Grain range Ittich Low ( lose hrwt Dec Mar Mav Jul Sep 2 17 2 14'. 2 15-2 IS't 2 2 1.V, 2 lfi'!-', 2 I4'i 1 Il'a 2.12V, 1 77. 1.7ti 1.7ti'.-i ITS'! 1 TT 177'. .71'. 1 tW( 1 57 1 57', 1 SP. 1 S'.l". 1 3H'j.'. 1 61 'i 1.5ft't l.Mt'i 1 5Ha 1 4!'i 1 W't asked that the two city boards and the county school board reach agreement on a plan for division of assets, but this agree ment has been held up because the two city boards and the county board have not been able to agree upon a common yard stick for discussion. The two city boards have had a running appraisal of their properties through the years, made by an independent firm. The county schools prefer to use appraisals by an insurance firm and have refused to pay for an independent appraisal by t h e city s c h o o I s' firm. The city schools have offered, however, to investigate the possibility of using the county schools' insur ance firm to make an appraisal of city school properties. But some city school directors have remained cool to this proposal. This snag in the division of as sets discussions has led to the probability that the city and county schools will submit sepa rate division of assets proposals to the county court for its consideration. Final Rites Conducted LAKEVIEW Requiem Mass was olfercd at St. Patrick's Catholic Church in Lakeview on Monday morning for Florence E. DeWitt, 74, who died Satur day, Oct. 26. The body was shipped immediately following the service to Santa Ana, Calif., for burial at the Holy Sepulcher Cemetery at Orange, Calif. Mrs. DeWitt was born Dec. 20, 1883. at Pittsburgh. Pa., and is survived by a daughter, Mrs. Robert K. Brown of Quartz Mountain Lodge, and four grandchildren. Funeral arrangements were by Ousloy-Osterman Mortuary of Lakeview. UNICEF HELPS THE YOUNG The Youth Fellowship of Peace Memorial Presbyte rian Church has invited young people of the Congregational and Methodist churches to join in a "Trick or Treat" for UNICEF at 7 p.m., Thursday, Oct. 31. The young peo ple will have special containers and armbands with UNICEF insignia bearing the slo gans, "One cent will give a child five glasses of milk," and "One cent will protect a child against tuberculosis." UNICEF is a program of the United Nations Association and stands for United Nations International Children's Emergency Fund. Youth Fellow, ship students of Peace Memorial Church, soatod, left, are Cathy Sickert and Linda Huff. Back row, loft to right, John Sibbet, Richard Eastburn, Andy Ragland, modera tor, and Bev Lyons. The group will return to Peace Memorial for refreshments and games. Firsf Hearing Scheduled, On Homedale Widening The first reading of a proposal to widen Homedale Road from Shasta Way to a point 260 feet north of the south line of lot 54. Fair Acres Subdivision, is sched uled for 10 30 a m., Wednesday, in the Klamath County Court, the court disclosed Tuesday. Some 33 property owners will be assessed nearly $1,500 for Hie street improvements which in cludes paving along a ?'iv(oot strip of the ro.nl. providing the court approves Hie project. public hearing on the pro posal will lie held following the second reading of the proposal in the court at the same time Friday. The road improvement project was recommended to the coun ty court by the County Road Viewers Committee, composed of James Kerns Jr., Francis I.amlrum and County Engineer J M Creed .The committee has ifiunimemled that property owners of lots along that sec tion of toad promised for im New! Convenient! ALL DAY PARKING at KUmath'i Lcrftnt Lot City Center Parking Lot Betwatn 7th & 8th an Pina Alio Monthly Parking pocat tor Rant iA WS r tWrSii ess1 r CONDEMNATION SOUGHT Street cabins owned by H. substandard and hazards to started Monday night at a Police Crack 'Theft Ring' Probably the youngest burgla ry ring ever was cracked Mon day by Klamath Falls police. the three desperados, aged 5. 4 and 3, were nabbed for the burglary of a Pershing Way home in which cash and jewel ry were taken. The trio two brothers and their sister was spotted coming out of the house by a neighbor, who recognized the three as hav ing lived in the house previously. The three stoic jewelry and $2.35 in cash from the house at 2512 Pershing Way after enter ing through a rear door. The jewelry was recovered and the burglars' parents will pay back the money. Mr. and .Mrs. Doug Stevens are the occupants of the burglar ized house. provement should lie coniien sated on the basis of 5-1 to o( the front foot value. The value per foot is to be determined by the county assessor. All improvements which do not physically interfere with construction work shall be left in place. Encroachment permits are to, be issued for these im provements by the county. FREE DELIVERY SERVICE ON ANY ITEM IN THE STORE Phnt Ui Your Ntedt Deliveries Each Day at 11:00-2:00-4:00 I IN THI VIIUGI COURT I tt t M.I. im J-J471 1 These are ssveral of the M. Mallory which the city is health and safaty. Condemnation proceedings Uity Council meeting. City Will Buy More Salt And Seek Second Machine (Continued from Page 1) The city of Klamath Falls has been divided into six areas, each to be serviced by a snow plow. Paul Hamblin of the city street department said each plow will be concerned with its area and will be in operation until the main streets of that area arc clear. Three techniques plowing, salting and hauling will be used in the city to keep traffic moving. The city now has a halt-carload of salt on hand and is call ing for bids on another 45.000 pounds. It has one salt machine and Sister Visits 1 Mrs Clarence Fowler of Ford. Kan., is a guest in Klamath Falls She was met in Reno Oct. 2t alter arriving by jet. Three sisters from here greeted her at the Reno airport. Making the trip were Mrs. Lois Brownfield, Mrs. Karmyl Smith and Mrs. lice Rnok. The party made the trip by car aimind Uike Tahue before returning home i O HAIRS V 'mi nwin II mint II I smrun II I II --- -"Sttv'wg tht Entire Klamath Bin"i t more th Sixth seeking to condemn as being were is seeking to acquire another. Hamblin said the primary con cern of city crews w ill be to keep the main streets clear at all times. These include the streets in the business area, and such other roadways as South Sixth and Alameda Drive. As these are cleared, the plows will turn to the less important feeder streets. Hamblin emphasized that the plows will not be on call for individual problems such as blocked driveways, because they are needed for more important work It is planned this year that the slate and the city will coop, crate on keeping clear those streets that serve also as high ways. These include South Sixth and Main streets. Two Runaways Give Up Here Two boys, aged 17 and 14. who ran away from their homes in Oakridgc Monday morning walked into the Klamath Falls Police Department and surren dered Monday evening. The pair was to be returned to Oakridge today. They said they rode a freight train from Oakridge to Collier Slate Park, passing through 19 rail tunnels, then hitchhiked to Klamath Falls. Burglarized Pharmacy Klamath Falls police are in vestigating the burglary of Brodcrick's Pharmacy, 2212 South Sixth, which was report ed Monday. It is believed tlie burglar who entered Broderick's may be the same one that hit tlie AAA of fice on Esplanade early Sunday morning. In each case, the bur glar neatly removed a pane of glass from tlie skylight and dropped into the building. And in each case, nothing value was apparently taken. WILL SOON MAKE BIG NEWS IN i A KLAMATH FALLS J MEMORIAL CHAPEL 20 South of I Serving All O'Hair's distinctive serv ice is not limited to those of one particular faith in fact, just the opposite is true. We can, and do, serve families of all religious denominations with equal consideration and ability. Condemnation Action Aimed At 20 Cabins Building Insector V e r n Schortgen Monday night re newed the city's campaign against substandard housing by beginning condemnation pro ceedings against more than 2D South Sixth Street cabins owned by H. M. Mallory. Schortgen appeared before the City Council Monday night and the councilmcn agreed to draw up a resolution setting the date for a public hearing on the condemnation. It was the first condemnation action since Schortgen. City Manager Robert Kyle, Mayor Kobert Vcatch and the council were sued by Frank Weaver, owner of four buildings that the council condemned as being sub standard. Schortgen said the Mallory cabins arc hazards to health and safety. In other action the council postponed a public hearing on the vacation of a portion of Oak Avenue so that Modoc Lumber might expand its facilities. Tho, vacation has been opposed by another property owner. The hearing will resume next month. The council also heard an ap plication by Dugan and Mest Chevrolet for vacation of a por tion of Willow Street to allow construction of a new showroom by tlie company and a hearing on that proposal w ill be held in December. The council approved a 10 year franchise for Klamath Ca ble TV and also approved an agreement between the city and the South Suburban Sanitary District. A delegation from the First Baptist Church appeared to seek a conditional use jiermit so that a new church might be built at the end of Eldorado Avenue. Proceedings were s t a r t e d to gland this permit. Councilmen approved pur chase of a new salt spreading machine, the construction of a storage building at Moore Park, and the sale of candy by stu dents in the city. Councilmcn approved pur Designation Uncertain SALEM (CPU Highway De jiartmcnt officials have not yet decided whether to try again to get a U. S. route designation for the Winncmucca - to - tlie Sea Highway, it was revealed today. An application for route desig nation was turned down last week by tlie American Associa tion of State Highway Officials route numbering committee. Reason given for the rejection was that the route was "not up to acceptable standards" of de sign and construction. No state route number has been assigned to the highway and the highway department re fuses even to recognize that a Winncmucca - to - the - Sea Highway exists. The route begins in Win ncmucca Nev., but there is still controversy over where it ends. Some say the terminus is at Coos Bay; others claim Cres cent City, Calif. 23 le&ti A(ja Monday, October 28, 1940 Friday was o red Irtttr rlov lor Klamoth Falls mivie (ons when no less than live stors were in the citv within the space of o few hours. Madeleine Corroll. Prcitcn Foster, Robert Preston and Lynne Overman, stars of Porarnount's "Northwest Mounted Police," stopped for fifteen minutes at the Southern Pacific depot en route lo Canada, where the film's premiere will be shown. Nelson Eddy, accompanied hv Mrs. Eddy lunched at the Pclicon Cafe in mid-after- v noon. Tuesday, Octobfr 29, 1940 Frank Peyton wov elected president of the S P. Cluh, social organization of South ern Pacific Railroad emplo.es, ot their regular meeting tost Wednesday night. Widntidoy, October 30, 1940 Dr. ond Mrs. Neil Black ore visitors in Klamoth Fol's from their home in Portlond, house quests of Mr and Mrs Walter Woggr-ner. They are spending port of the time hunting while here. Dr Black is the former Klamath County health officer. Thursday, October 31, 1940 Beulah Elliot, teocher ot Bis, was o visitor in Klamath Falls lost weekend. Friday, November 1, 1940 Mr. ond Mrs. Phil Schroe Her base returned to their home on the Lakeview Highway alter a week s vacation spent in Reno with friends tntur With Jlcutdbuf, THE UAIIUTY FIRE Paul O. Landry V. T. Johnoo 41 Main Straat Ph. TU 1 2524 AUTO PBOPMTT chase of a new salt spreading machine, the construction of a storage building at Moore Park, and the sale of candy by stu dents in the city. Tribe Files Answer In Lawsuit The Klamath Indian Tribe has filed its answer to a suit by the U.S. National Bank seeking to establish whether trust funds can be spent for a study of trib al properties. The remaining members of the tribe voted Sept. 20 to seek a study of their multi-million-dol-lar properties before voting next spring on whether to maintain the present trust by the U.S. National Bank of seek olher ways of managing their prop erties. The bank contends that ex penditure of trust funds for this purpose is illegal and has filed suit in circuit court in Portland to determine the legality. Klamath Indians also seek ex penditure of tribal funds to com pensate memlwrs of the execu tive committee (or their efforts on behalf of tlie Indians. Their answer to the bank's suit charges that voting next spring without a study to sup ply them with inormation might result in "irreparable harm" to the value of the prop erties. The answer says that the value of the properties might exceed $30 million, but that the bank recently estimated the val ue at $18 million. The Indians say the study, which would cost an estimated $10,000. would determine the effectiveness of the bank's pres ent management, plot what termination of the trust would mean to the properties, study alternatives to the present trust, and compare tlie present trust to the alternatives. The bank has yet to file its answer to the Indians claims and it is expected that the suit will not come In trial before the latter part of November. Assault Trial Nears Finish The trial of Clayton Spencer Schultz for assault with a dan gerous weapon w as expected to end this evening in circuit court and the second-degree murder trial of John Wesley Dean is scheduled to begin tomorrow in live same court of Judge Donald A. W. Piper. Schultz is charged with threat ening to cut Richard Krieg with a knite last July 11. Dean. 57. is charged with stab bing his brothoi-. Hasan Lind berg Dean. .17. last July 8. 55 Years . . . The Landry Co. offers 55 years of experience in serv ing the insurance needs of he Klamoth Basin os back ground to provide insurance service for YOU. Ga.