Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Nov. 20, 1963)
PAGE 1A BEBALD AND NEWS, . MARKETS and FINANCE Stocks By United Press International : Allied Chemical 53i '. Alum Co Am 63' ,' American Air Lines 32" - American Can 41H . American Motors i9z't I AT&T 139H I, American Tobacco 26H Anaconda Copper 46V, Arm co f1 ;! American Standard 16 Avco Corp 22-n ', Bendix Corp 48'. ;J Bethlehem Steel 30'. ;i Boeing Air MH -I Brunswick "' j Caterpillar Corp 474 : Chrysler Corp 83 Coca Cola : C.B.S. 1S. Columhia Gas 28'i Continental Can 41!. ' Columbia Gas M7i ' Continental Can 41H Crown Zellerbach 52'4 " Crucible Steel Curtiss Wriglit 18 Dow Chemical 63 Du Pont 260' Eastman Kodak M iFirostone !'t Ford 51 ' Gen. Dynamics 24V4 General Eeleotlic 79'4 General Foods Soft General Motors 79" Gen'l Port Cement Georgia Pacific 527s Gt Nor Ity 52" Greyhound 48H Gulf Oil 43i Homestako 457xd Idaho Power 33''' IBM. 473 Int Paper 33 Johns Manvillo 47'. Kennecott Copper 75;)i Locklieed Aircraft 37",4 : Martin 2W Merck Montana Power 36! Montgomery Ward 32 Nat'l Biscuit 57 New York Central 2 Hi Northern Natural Gas 5Hj Northern Pacific 46 Pac Cas Elec 3 Hi Penney J.C. 447'. Ponn Ml 2Hi Permaneto Cement 15'i Phillips 47 . Procter Gamble 78 Radio Corp M7 Kichfield Oil 42 Safeway MVixd Sears 93, SheU Oil 44 Socony Mobil Oil MVi Southern Pacific 35 Bpcrry Band 17 : Standard California 59 Standard Indiana 58V Standard N.J. 69 . Stokely Van Camp 22' i v Sun Mines 9 Texas Co. OSVi Texas Gulf Sulfur 18 Tex Pac Land Trust 24 Thiokol 20 Trans World Air 28U Tri-Continental 45 Union Carbide 114 Union Pacific 49 United Aircraft 41 United Air Lines 41 U.S. Plywood 63 U.S. Rubber 457.xd U.S. Steel 51 United Utilities 39 .West Bank Corp 40 Westinghousc 35 Youngstown 123 Livestock KLAMATH PALLS LIVESTOCK AUCTION MARKET Nov. It Recelplti All Cetlle 44! Unci. 100 calvei); H001 35i Sheep n. Last week: 1613 tlncl. 400 C4lvtt)l Hog) 7l Sheep 50. Compared lail Tuesday demand all cattle poor ilauqhler cowi 1.00 low. er; feeder cellle 1.00 lower) calves weaker to .SO lower. Slaughter Cattle: Hellers: Good Choice. oo . W0 lt.. 20.I0JOSO. ' Cows: Std., 1S.TS-I4.I0I Cmcl.. 1400. - 14.7S; utility, 1I-U Canners-CullerSi 1J.I0. 1 Bulls: Utility. 110-17. JO. Stockers & Feeders: steers: Good Choice. SU-4MI Int., 30.10-22. TOj Good, ' no s lbs., it so-io eo. Heilers: Oood, SSO-700 lbs., 17 50-19.- 30. Steer Calves: Oood, 300 400 lbs.. 3140-3S.2SI Medium, 30O-SO0 lbs , !1 34. Heller Calves: Good. 300-3S0 lbs , 23 17 n, Medium, II 70 SO. Cows: Med.-Cond. pairs. 15ft-S Med.-Good. pregnancy tested aged cows, 11MI4 per heedi Good-Choice, open hellers, 136 per head. Baby Calves: Beet, 31-31 per head. Hogs: U.S. 1 ft, 2 Barrows & Gilts, 317 lbs., 15 401 Sows. 1, 25 - 11.101 Weaner Plg, 4 5n t per head. Sheep: Slaughter lambs, Good Choice. 135 Ibl., 14.757 Feeder Lambs, Good Cholce. 70 10 Ibl , IJWWWi ; Slaughter owes, ? 40. '. - Reported by Ray O. Petersen, coun . ty .mention aoent. :- PORTLAND tUPll -U'SDAI Livestock: Cattle 150, calves 25, Hogs 75, no early trade tost. Sheep 300. 30 head slaughter ewes 5.25; feeder lambs 30 head choice HO Ih shorn I pells 16 50. KLAMATH BASIN CENTRAL OKKGON IDAHO DEMAND Good Moderate Slow MARKET Ahoul Steady About Steady Ahouf Steady" T.o.ii7i'ricesi4:r'cv USIA t In oTT ot mln MO-2.50 2.3S3J MM-2.2D -Hioi 2.70-S.itO 2.4O-J.60 ;.K.V.IU baled 10 Ih ska 2.5oT.6 J.tfcSO 3.(KKl7.'S VSi 1.50-1.70 l.tftTsii MO-US PRICE TO GRWR BULK CWT. j J.'SI l.7iTM(i f .VVM5 r,0-1.60 " US2 .70-.M .M .10-60 KLAMATH RAIL TRICK TTL OREGON IS S ' California" u to Wednesday, November 20, 1963 Klamath Falls. Or. WALL STREET NEW YORK (UPIl -News of a planned 2-for-l slock split and dividend boost for American Telephone & Telegraph today triggered a sharp stock market advance on heavy trading. The 2-for-l split will give tel ephone 600 million authorized shares, the largest for any com pany in history, and would mean a payout of $1.2 billion in divi dends next year one of the largest disbursements ever made. Wall Street Chatter NEW YORK UPD-KenncUi Ward of Hayden, Stone & Co., says that statistically, techni cally and psychologically Hie stock market remains very mixed, cautious but generally bullish. "Many of Hie immediate fea turcs applying to individual groups of stocks such as the oils and motors have undoubt edly been discounted by out standing strength taking place during the past several months so that some sort of a Novem ber correction was certainly overdue," Ward adds. However he notes no major highs have been reached ss yet and there fore it is difficult to pinpoint any "significant over-all rever sal of the basic upward trend." Bache & Co. notes that recent weakness in autos and oils has put live averages down, but this is really little more than a rec ognition of what has been hap pening to most stocks for the past few weeks. "Astute inves tors," it adds, "should be on the lookout for attractive val ues." Waller MinLz of Shcarson, Jfammil! & Co. suggests a more conservative approach to the market. Ho fools this is a good time to eliminate a few of the more doubtful issues from port folios. MUTUAL FUNDS Prices until 10 a.m. PST today Rid Asked Affiliated Fund 7 97 8.62 Atomic Fund 4.74 5.18 Blue Ridge 11.83 11.93 Bullock ' 13.19 14.45 Chemical Fund 12.19 13.33 Colonial Fund 12.25 13.39 Comw. lnv. 10.02 10.95 Diver Growth 8.88 9.73 Dreyfus 18.25 19.84 F. t II Slock 14.15 15.29 Fidelity Capital 9.69 10.53 Fundamental 10.05 11.01 F.l.F. ' 4.34 4.75 Founders Fund 6.47 7.03 Group Sec Com 12.9.1 14.16 Gr Sec Avia El 6.90 7.57 Hamilton H.D.A. 4.99 5.45 Incorp lnv. 7.16 7.B3 ICA 11.00 12.02 Investors' Group Intercontinental 6.18 6.08 Mutual 11.36 12.28 Stock 18.51 20.01 Selective 10.52 11.23 Variable 7.03 7.60 Keystone S-l 22.00 24.01 Keystone S-3 15.07 16.45 Keystone S-4 4.34 4.74 M.I.T. 15.0K 16.48 M.I.T. Growth 8.41 9.19 Nal'l lnv. 15.82 17.10 Naf, Sec Div 4.24 4. 63 Nafl Sec Growth 8.19 8.05 Nat'l Sec Slock 7.9 1 8.64 Putnam Fund 15.24 16.66 Putnam Growth 8.77 9.58 Selected Amor 9.93 10.74 Shareholders 11.00 12.02 Sup lnv Ser 7.47 8.14 United Accum 14.87 16.27 United Income 12.51 13.67 United Science 893 7.57 Value Lines 5.27 5.76 Wellington 14.64 15.96 Windsor 14.05 15.27 Whitehall 13.73 14.84 Grains Stocks LOCAL SKCl'ltlTlKS CHICAGO lUPD Grain range Hank America C35. 66. High Low Close Bouse Cascade 30'a 33' Wheal Cal Pac Util 25'j 27'a Dec 2.13. 2.10'i 2.12U-2.12 Con Freight 9'. lO'i Mar 2.15 2 . 12H IMVi Cyprus Mines 22H 24 May 2.11 LW 2.10U Equitable S&L W 3I Jul 1.72'. 1.70'. ,1.7li-'4 1st Nafl Bank 72 o'i Sep 1.73. 1.72. 1.73 Jantzen 234 28 Oats Morrison Knud 29 31 Dec .tW'a .69 .69'. Mult Kennels 3'. 4's Mar .?."4 .71"4 N.W. Natural Gas 32J 34-. May .1'4 .72'. .72V Oregon Melal 1'. I'a Jul .68'4 .674 .68'. PP&L 24'. 2ti' Rye PGE 24'. 26'j Dec 1.50'4 1.49 t.49'4-1.49 U.S. Nat'l Bank 87'. !M'i Mar 1.53'. 1 52'4 1.524-i Tektronix 20 21'j May 1.55 1.53' l.M-l.Si West toast Tel 22'. 24H Jul 1 4(V'4 1.45' I 4t','? Weyerhaeiivr 3:1' i 3.Vi TODAY'S POTATO MARKET BASIN CARLOT SHIPMENTS UM 1I70 Four Thefts Reported To Officers Thieves entered a truck be longing to the Kimes Plumbing Company, 2861 South Sixth Street, while it was parked in the rear of the establishment sometime Tuesday night and stole two electric drills valued at nearly $100, in one of four thefts reported to Oregon State Police. In addition, a 50-foct measuring taie was also stolen from the truck, it was reported. In another case of larceny in volving a vehicle, Jerry Max well, Rtc. 2. Box 161, of Tule lake, told police that the radia tor had been stolen from his au tomobile while it was parked at the Klamath Falls Municipal Airport sometime since Nov. 1, In one of the other two thefts, Mrs. Robert Miller, 5519 Dela ware Avenue, reported that small ice chest containing gro ceries and a roast was removed from outside of her home Tues day. hi the remaining incident, Bub Johnson of the Thomas Lumber Company, Pelican City, related to police that a handyman jack and two large canvas tarps had been stolen from a lumber shed since last Friday. Johnson did not estimate the value of the missing items. Police are continuing tlieir in vestigations of the four thefts. Funds Win House OK legislation affecting an ap propriation of $213,000 for oper ation and maintenance facili ties at Kingsley Field passed the House and has been sent to the Senate, the Herald and News learned Tuesday. The amount is part of a pro posed appropriation for $1.5 bil lion for new military construc tion at home and abroad, re liable Washington sources said. The bulk of the funds, some $1.4 million, arc earmarked for Air Force facilities at Portland. First Lt. Tom Hanlin, informa tion officer, Kingsley Field was unable to stale for what projects the funds would lie used if the appropriation passed Congress. Lt. Hanlin cx plained tliat numerous con struction programs are sched uled for undertaking at the air field but as of this time there has been no calling for bids on any one of the projects. Ski Club Plans Film Thursday The Alia Mage Ski Club will meet Thursday, Nov. 21, at 8 p.m. in the Klamath County Li brary. A ski movie will bo shown and refreshments served. Candidates for Ihe 1963 - 64 Snow Queen, chosen from Uie Schuss Boomers Ski Club of Klamath Union High School, will be introduced and a queen chosen. All nicmlicrs of Uie Schuss Boomers Ski Club nnd their parents are invited to attend as guests. Prospective members are also welcome. Potatoes PORTLAND (Uf'I) - Potato market about sternly; 100 lb sks washed Russets U.S. No 1 un less otherwise stated; Oregon 2.50-3.10; 6-14 OS 2.70 - 2.93; sited 2 oi spread 3.75-4.00: U.S. bakers 3.00-3.10; No. 2 1.75-2.00; U.S. No 2 bakers 2.40-2.50. TTI. A YEAR AGO Ml SCOUT FUND DRIVE These men are responsible for the Tulelake Boy Scout fund drive, which started last week and will run through Thanksgiving. The committee it attempting to collect $1,382 for Tulelake area Scouting activities. C. A. Boyden (left) is the general chairman for the drive. Ha is being aided by "team captains" (left to right) Walter Neshke, Don Boyd, Bill Burgess, Bill Ganger and Tom Frey. Captain Les Cushman is not in the photo. Crash Leads To Citation A 68-year-old Klamath Falls man was cited for failure to yield the right-of-way Tuesday after, police said, he turned his auto into another car on South Sixth Street. Cited was William Griswold, 3024 Cortez Street. Both his 1963 compact car and the oth er 1963 sedan received major damages in the collision at South Sixth and Lark streets. Police said Griswold was driving east on Sixth and turned his auto left onto Lark. But it struck the other auto, which was westbound on Sixth. That car was driven by Howard Eu gene Bales, 44, 4867 Harlan Drive. County Pioneer Dies In Salem MERRILL George Graham, pioneer rancher of Merrill, died m Salem Nov. 19. He had been in failing health for some time. Mrs. Graham, member of one of Klamath County's first fami lies, died several years ago. The couple had no children. Two sisters in Missouri and several nieces and nephews sur vive. Funeral arrangements w ill be announced by O'llair's Memor ial Chapel. Blast Blamed On Faulty Items Faulty switches and oil jets have been blamed for (lie explo sions that severely damaged the furnace at the Klamalh Falls airport terminal Sunday night. Airport Manager Joe Sawyer said today those faulty items have been determined to have caused tlic three blasts. He said the furnace is back in operation and the value of the damage is being deter mined. Car Reported Stolen Tuesday A 1955 (wo-door sedan was reported stolen Tuesday night from in front of an Eleventh Street resident. Pearl Yorkland, 519 North Eleventh. rcxrtcd to city police at 11:07 p.m. Tuesday that her auto had been taken. She said she had last seen tlte auto at 6 that evening parked in front of lior home. Slie said the car was unlocked and a key wasn't nec essary to start the auto. Tlic missing vehicle is a 1933 Chevrolet two-door sedan, white over yellow, Oregon license 8L-8531. Walker Urges Air Strip Near Lake Of Woods PORTLAND ITI A con tract will be lot next spring for development of an access road into scenic Waldo Lake in the Cascades, t h e Association of O&C Counties was told Tuesday. Thomas K. I'tterback, chief of tlie road section in tlie Forest Service's division of engineering gave tlie association a report on plans for tlie lake area. Waldo Lake is southwest of Hem! on tlie Cascade crest at the 6.000 foot level, and is Oregon's sec ond largo! lake. I'tterback said camping and boat launching sites arc pro-po.-cd on the east side of the lake with tlie north and west sides to tie kept in their natural state. A 1 Arrested Man Praises Treatment By Officers Robert R. Sparks Jr., the As toria contractor who was arrest ed here last week for child-stealing, in a letter to the Klamath Falls Police Department has praised local officers for their "humane treatment" of him. The letter, received Tuesday, said: "This is just a line to thank you for the humane treatment that I received in your jail. Oregon Druggists Unhappy With Welfare Reductions PORTLAND tUPI '-Pharmacists were angered today over a reduction in payments for prescriptions filled for welfare recipients, and may have re fused more of them. Jim Mead, president of the Portland Retail Druggist Asso ciation, said "this certainly puts the state in a questionable light as a credit risk." Boh Glon, president of the Klamath County Druggists As sociation, told the Herald and News before noon today that the association met last night and decided to take no action regarding the new prescrip tion price schedule for wel fare recipients, pending the outcome of a meeting of the Stale Pharmaceutical Asso ciation to be scheduled at Sa lem soon. Meantime, people on the Klamath County welfare rolls will continue to receive their prescriptions at the old rate. Gion said. He stated that pharmacists are now selling prescriptions to such recipi ents at almost cost as a pub lic service. The recent action by the state would further re duce the costs of such pre scriptions by some 35 per cent across the board. Under the proposed change druggists would be operating at a loss, Gion said. The State Welfare Commission has advised that a surplus of claims last month against the S42.028 monthly drug fund made it necessary to reduce payments to about 63 cents on tlie dollar. Mead said most local drug gists were continuing to fill pre scriptions for persons already Obituaries KELLY Clllford H.vei Kelly. 3. died here Nov. le. 163. Survivors: wile. Carolvn, Klameth Fells; son. Cherles w. Deer, Euoenc; also three granddaughters. Fu neral services. First Methodist Church, Friday. Nov. W. at ? p.m. Concluding services. Ml. Lakl Cemetery. Ward's Klamalh Funeral Horn. In charge. Funerals KELLEY Funerl services lor John fl. Kellev will bi held from the Crinpel of Ward' Marrtfllrt Funeral Home Thunday, Nov. Jl. at p m. Concluding services, Klam ath Memorial Park. He also said tlic 7'j miles Mt. Ashland Road is under contract to A. L. Harding of Stayten. U will open up a winter sports area. Robert ft. Walker, Klamath County judge, urged that an all weather surface air strip be built near Lake of (lie Woods for use by sportsmen. Darrcll T. Jones. Clackamas County, was re-elected presi dent of tlie group. Kenneth Niel sen, Lane County, was renamed vice president and Lincoln Coun ty's Davis Moftitt was re-elected secretary treasurer. Bob Jones' Southern Oregon Insurance Agency So. 6th net Shasta Way TU 2-4671 SSI - "I would like to thank Jerry and the detective and the police woman that helped me with my baby, Melody." Sparks was spotted and arrest ed here on a warrant from As toria charging him with stealing his 20-month-old daughter Melo dy from his former wife in As toria. He w as returned to Astor ia to await futher action. on the list, but may refuse to accept new ones. Pharmacists in Pendleton and Salem were reported to be re fusing some welfare prescrip tions. Andrew Juras, state welfare administrator, said the depart ment was not allowed to over spend the $42,028 drug allow ance. Claims in October, he said, amounted to $64,293. "Therefore we had to' put the proration into e f f e c t," lie added. If ' f- T 2-1 7 good reasons why you Six of them you can see. Put the seventh makes the first six so special. It's Olympia's one priceless inRrrdicnt water. Naturally perfect brewing water for making Olympia Beer. Colrl, consistently pure water flowing from deep artesian wells. That's why Olympia is brewed in one place and one place only. Tumwater, Wash ington. It's Olympia's way of guaranteeing you a light, wonder fully refreshing beer that never changes in excellence or flavor. One ingredient ia priceless: 'Its ths Water' Ywl."! tfcur. rmt Farm-City Programs Set Farm-City Week, Nov. 22 to 28. is being observed this week by special programs conduct ed by the Linkville Kiwanis and the Klamath Falls Kiwanis clubs. Both clubs have invited ranchers to be their guests at their regular meeting. The Linkville club meets Wednes day noon and the Klamath Falls Kiwanians on Thursday noon. The week serves to empha size the economic growth of the agricultural effort of the na tion and its vital importance to the health and welfare of the nation. Research by U.S. Department Most County Roads Bare Except For Ice Patches The prospect for motorists traveling through the county today was generally for bare pavement and clear weather, but drivers were cautioned to be watchful for patches of ice along roads through the moun tains as well as the lowlands, the State Department of High ways has reported. At Chemult, two inches of new snow increased the road side snowpack to six inches but the forecast for the remain der of the day was "clear and colder." The temperature in that community registered 19 degrees. Meanwhile, the temperature at the Crater Lake National Park boundary was noted at 11 degrees early today, as snow plows began removing five inch es of new snow which had in creased the roadside pack to 32 inches. The weather was overcast and motorists were advised to use chains. Skiers were reminded that the road to the lodge is open via the south entrance, but the rim road and the entrance to the park have been closed for the winter. The snow is powdery, it was said. Snowplows were also operat ing at the East Diamond Lake Road, where one inch of new snow fell last night, increasing the roadside snowpack to 26 inches. Temperatures were not available and motorists were reminded to carry chains. Overcast conditions were not- HA wi mmm r "Its ts the Water I Mm mm - ,1 Ik, Olymm 5rmt l um.r. Ttmttlft. rif CYv.rre H ,t.r. m li of Agriculture economists shows seven major contribu tions made to economic grow th by American agriculture. These include: Release of workers to indus try as fewer farmers produce food and fiber for more people. Lowering of food costs in re lations to income, enabling Americans to buy more and better foods with a small per centage of their income. Expansion, of markets for industrial goods, because farm ers have become important cus tomers of industry with in creasing technology. Large earnings from exports of farm products. Agricultural cd at Lakeview and Bly, where temperatures ranged between 30 and 32 degrees. The same weather conditions were also noted at Adcl, where the tem perature was 34 degrees and a trace of snow was recorded. Man Spots Mountain Lion In KF A Klamath Falls man report ed to city police early this morning that he spotted a moun tain lion loping along back of his Oregon Avenue house. A. l.C. John J. Winn, 2027-A Oregon Avenue, said he went out of the house at 6:30 a.m. to open his oil barrel for the fur nace and heard a "crackling" noise behind him. He said he turned and saw some rustling, but at first thought it was a dog. , Then, he said, he saw tlie yellowish-brown cat crawl out of hiding and lope across the field back of his home toward a barn. He said the cat was about 100 yards away and he could see it clearly. Winn said he ran into the house for his rifle, but when he returned, the animal was gone. A policeman checked the scene, but could find no trace of the cat. SC Water 7s"" k. ..m. r- f PiiflBI nn.ftc 1 A (II SfMP, LB : mm 'Its the Hr"t"J 11 like an Olppia 6-pack exports account for nearly one out of every four dollars re ceived from total exports. Sustained output during eco nomic depressions. The number of farm workers held steady from 1929 to 1933 while farm commodity prices were cut in half. Meeting wartime demands for food and fiber as shown at the end of World War II when farm output stood a fourth higher than in tlie 1935-39 pe riod. And in assistance to econom ic development, with agricul ture the backbone of the U.S.'s "Food for Peace" program un der which the government helps fill the cupboards of develop ing nations. Agriculture is also big busi ness in Oregon, second only to forests as a source of primary income for the Beaver state. In 1962, gross farm income in Oregon stood at $493 mil lion. Production expenses stood at $363 million, leaving a real ized net farm income figure of $130 million. Ex-Resident Succumbs ' A former resident of Klamath Falls, James Leo Dougherty, 53, died in St. Francis Hospital in San Francisco Nov. 19 follow ing a short illness. He lived in Klamath Falls from 1924 until 1954 and was employed in the sales department of tlie Balsig er Motor Company. For four years before his death he traveled for the Fed eral Aviation Administration. The family home is in Gilroy, Calif. Mr. Dougherty was a member of Sacred Heart Catholic Church and of Klamath Falls Lodge, No. 1247 BPOE. Survivors include the widow. Airs. Eunice Dougherty, Gilroy; a daughter, .Mrs. Charles Ku jawski Jr., and one grandchild, this city. Ideal Local-ion DOWNTOWN Business er Office Inquire GUN STORE n SIS IS 4 JO ee, 4,y. 'Oh , . .. .v. j:.--- - ; a .a J y, beer jjr I
