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
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