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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 12, 1963)
Thursday, Dertmber 1, l3 , HERALD AND NEWS, MARKETS and FINANCE Stocks United Press lntornactonal Allied Chemical 55'i Alum Co Am 67 American Air Lines 35H American Can 42J4 American Motors 16'j AT&T 13S'. American Tobacco 26' Anaconda Copper 42 Armco 63H American Standard 17 Avco Corp 2314 Bendix Corp 43 Bethlehem Steel 30U Boeing Air 36' 1 Brunswick 10'2 Caterpillar Corp 472 Chrysler Corp 87s. Coca Cola 107 C.B.S. T7' Columbia Gas 29 Continental Can 42'i Crown Zellerbach 5os Crucible Steel 22'ad Curtiss Wriglit 18 Dow Chemical 66 'j Du Pont 240' 2 ' Firestone 38' j Gen Dynamics 24'j General Electric 83 General Foods 83'i General Jlotors .78 . Gen'l Port Cement 22'i Gerogia Pacific 52'j Gt Nort Ry 56 Gulf Oil 478 Homestake 443i Idaho Power 34 I.B.M. , 475'4 Int Paper 32' Johns Manville 4i)H Kennecolt Copper 68 v Lockheed Aircraft 36'i Martin 21,4 Merck 106 Montana Power 36'i Montgomery Ward 347b Nat'l Biscuit 56' New York Central 233i Northern Natural Gas. 50 Northern Pacific 49' 2 Pac Gas Bloc 31U Penney J.C. 433i Perwi RR ' 23 Permanente Cement 15;i Phillips 433i Procter Gamble 793a Radio Corp 9S Richfield Oil 42'2 Safeway 58. Sears 98 'i She'll Oil 49?i- Socony Mcbil Oil 68 Southern Co m Southern Pacific 35' 4 'Sperry Rand 19'i Standard California 60 Standard Indiana 60' 2 Standard N.J. 72!b Stokely Van Camp 223i Texas Co. 68s8 Texas Gulf Sulfur 20-n Tex Pac Land Trust 23'i Thiokol 19 Trans America 50'i Trans World Air 23's Tri-Continental 45'a Union Carbide - 117' Union Pacific 40:, United Aircraft 43's United Air Lines 46' j U.S. Plywood 65' 4 U.S. Rubber . 46',4 U.S. Steel . 51' United Utilities' 40 West Bank Corp 40 WestLnghouse 33:, Weyerhaeuser 33's Youngstown 129 LOCAL SECURITIES Bank America 64 67 Boise Cascade 313 33i Cal Pac Util 26 28 . Con Freight 9' 10' Cyprus Mines 22'2 24' Equitable S&L 29' 4 31 1st Nat'l Bank 78'j 82 Jantzen 26'4 28'i Morrison Knud 27s4 291. Mult Kennels 37 4'j N.W. Natural Gas 34 36 Oregon Metal 1'4 PP&L 26'4 27:. PGE 25 27'2 U.S. Natl Bank 884 92 Tektronix 20' 213 West Coast Tel 2a3 Grains CHICAGO (UPP Grain range High Low Close Wheat Pec 2.19'? 2.17ai 2.19',-'4 Mar 2.193 2.173i 2.19:'-34 May 2.14'4 2.13' 2.14-2.137. Jul 1.75 1.73' lWr'.i Sep 1.76' 1.75aB 1.75:' Oats Dec .RH .88 .68'-.68 Mar .713 .71 .71'-.71 Mav .72 .71-T-4 .71 Ji Jul .67; .67"4 .67 Rve Dec 1.493i .148'4 U.Ti-U Mar 1.55'i 1-52' 1.54' Mav 1 .56' 1-53-1 1-53'j Jul' 1.50' 1 1.'4 1 4934 Sep 1.435 147'. 1.43 I KLAMATH BASIN CENTRAL OREGON IDAHO "DEMAND- "I Moderate Light Light MARKET j Steady ! Steady Steady F.O.B. PRICES PER CWT. Inwashed: Ts'lA 2 inor4oz.mln 2.10-2.20 1.85-2.00 6.14 OI 2.60-2.75 2.40 2.50-2.75 baled 10 lb k t.5M.60 2.4O-1.50 2.75-3.10 1.50-1.70 1.40-1.50 1.10-1.15 PRICE TO GRWR BULK CWT. ! ! "fsj " 1.55-I.M 1.53-1. a j 1.35-I.60 7oTT75 I .iS- .63 j .3S- .50 KUM.ATH OREGON CALIFORNIA I PAGE- SA Klamath FalU, Or. WALL STREET NEW YORK iL'PI) - Stocks closed slightly higher today, re sponding mostly to unim proved business news backdrop. Defense Secretary Robert S. McNamara's closing of 33 mili tary installations underscored the new administration's ef forts to cut costs but had lit tle visible effect on the market. Carolina Power & Light con tinues to respond to a higher dividend but RCA lost most of its early gain despite a predic tion it would have record black-and-white and color television sales in 1963. Wall Street! Outer NEW YORK (UPI'-In mak ing its annual predictions for the New Year. United Business Service says that "business in general will expand during 1964." The service further predicts that "the change of administra tion will be taken in stride; to tal production, personal income and spending by consumers, business, and government will rise to new highs: taxes will be cut; prices will tend up; credit will remain ample and interest rates relatively firm; total corporate profits and divi dends will set new records; in creased exports will aid the bal ance of payments situation; un employment, racial, and for eign problems will continue to be the chief sobering factors." Spear & Staff, Inc. says that "the market action of the dis count stocks is likely to be ra ther volatile with potentially wide price movements over a period of time. Thus these is sues should generally be bought or held only in more specula tive accounts.". Livestock PORTLAND IUPD (USD. Livestock: Cattle 50. No early trade test. Calves none. No trade test. Hogs 50. Barrows and gilts few lots 1 - 2 grade 200-220 lb 15.50-15.73. Sheep 25. No trade test. Potatoes PORTLAND (UPI) - Potato market steady ; 100 lb sks washed Russets U.S. No 1 un less otherwise stated: Oregon 2.50-3.00: 6-14 oz 2.75 - 3.00; bakers 3.00-3.25; U.S. 1.00-1.05; few lower; U.S. No 2 bakers 2.15-2.40. Stocks MUTUAL FUNDS Bid Asked Affiliated Fund 8 13 8.79 Atomic Fund 4.79 5.23 Blue Ridge 12.02 13.14 Bullock 13.43 14.72 Chemical Fund 12.25 13.39 Colonial Fund 11.34 12.39 Comw. Inv. 10.09 10.97 Diver Growth 9.07 9.93 Dreyfus 18.62 20.24 E & H Stock 14.15 15.29 Fidelity Capital 10.04 10.91 Fidelity Trend 16.58 18.02 Fundamental 10.25 11.20 F.I.F 4.37 4.79 Founders Fund 6.58 7.15 Group Sec Com 13.12 14.37 Gr Sec Avia El 6.86 7.52 Hamilton H.D.A. 5.07 5.54 Incorp Inv. 7.27 7.95 ICA 10.80 11.81 Investors' Group Intercontinental 6.23 6.73 Mutual 11.55 12.48 Stock 18.92 . 20.45 Selective 10.38 11.10 Variable 6.76 7.31 Keystone S-l 22.32 24.35 Keystone S-3 15.37 16.77 Keystone S-4 4.37 4.77 M.I.T. 15.29 16.71 M.I.T. Growth 8.31 908 Nat'l Inv. 15.69 16.96 Nat'l Sec Div 4 26 4.66 Nat'l Sec Growth 8.39 9.17 Nat'l Sec Stock 8 04 8.79 Putnam Fund 15.24 16.66 Putnam Growth 8.83 9.65 Selected Amer 10.15 10 98 Shareholders 11.17 12.21 Sup Inv Ser. 7.60 8.28 United Accum 14.53 15.90 United Canada 18.39 .... United Income 12.27 13 41 United Science 7.07 7.73 Value Lines 5.27 5.76 Wellington 14.33 15.62 Windsor 14 28 15.52 Whitehall 13.64 14.70 TODAY'S POTATO MARKET BASIN CARLOT ? 'TRICK,' '; Wi- rftlWM-'lt"'nP Youths Held In Burglary Of 2 Homes Three youths were awaiting transfer from the city jail to the Klamath County Juvenile Home early Thursday for a hearing in connection with the burglary of two homes in the South Suburban area the previ ous night. Oregon State Police have disclosed. The youths, two 16 and one 17-year old, were apprehended by police about 9 p.m. Wednes day as they were about to drive away from in front of the resi dence of Ralph Ayoutt, 4348 Sha.'ta Way, who was away at the time. The pickup truck tliey occupied was loaded with a ster eo set, phonograph records, a lantern flashlight and a tele phone that had been apparently pried from a wall. One of the youths told police that the occupant of the house had given him permission to borrow the stereo and records, but the juveniles were arrested when the officer discovered that the rear door of the dwelling had been pried open. Police were summoned to the address when they received a tip from a neighbor that three youths were loitering near the Ayoutt residence. Later during the evening po lice received a report from Floyd Joiner, 1548 Kane Street, that his home had been burglar ized that night. Joiner said his telephone had been "ripped from the wall" and was stolen along with a number of homemade phonograph records. Police es tablished that the telephone they found in the truck was the one that had been in Joiner's home. Scottish Rite Ceremony Set The Scottish Rite will confer the 30th and 32nd degrees to 12 candidates in ceremonies in Klamath Falls, Friday and Saturday, Dec. 13 and 14, in the Scottish Rite Temple. The 30th will be conferred, starting at 7 p.m. The 32nd w ill be conferred Saturday night following a 6:30 p.m. dinner to be attended by Leslie Scott, sovereign grand inspector gen eral of Portland. Commander of the 30th Degree is John Voth. Venerable masler of the con sistory (32nd Degree) is Nor man Jones. Medford Scottish Rite digni taries are expected for the meeting which is tiie semi-annual Scottish Rite reunion. Forest Service Lists Openings The U.S. Civil Service Com mission has announced that ex aminations will be held for la borer, WP-3, $2.01 per hour, and truck driver, WB-6, $2.23 per hour, for employment in the Wi nema National Forest. For further information, ap plicants should see Announce ment Nos. SE-1-25-63 and SE-1-27-63 at their nearest Civil Service examining point or the office of tlie Winema National Forest in Klamath Falls. Red Bluff Livestock Cattle: Salable 760, Including around 250 calves. Represented classes ac tive. Compared with last Tuesday: Slaughter cows steady to strong; tied er steer calves and yearlings strong to 50 cents hlgntr; feeder heifer calves and yearlings steady to strong; stock cows about steady. Bulk of sup ply comprised of feeder classes, around a third of the run consisted ol cows with about 20 per cent of this number selling onto slaughter ac counts. Slaughter cows: Few Utility and low-Commercial 50 - 1300 lbs. $14.50 15.85, several Cutter $ 13.00-1 4. W, sev eral Canner $11.00-13.00. tew "shelly" Canner down to $5 00. Feeder steers: Few lots Good and Choice 315-410 lb. calves $25. 00-J7.00 including 47 head 406 lb. weights at $27.00; few small lots 440 550 lbs.. S22.25-24.25. Few small lots Good and Choice 600 - 750 lbs. yearlings $10.60 22.00, few 800 - 920 lbs. $18.10-21.40. Feeder heifers: Few lots Good and Choice 350 - 450 lb. calves $20.00 22 00, couple head 230 lbs. to $72.25. Few Wed. urn 535-600 lb. yearlings $15.10 17.10. Stock cows: Few Individual Com mon and Medium 750 - 7TO lbs. on feeder and replacement accounts 111-oo-i4,oo. Few lots Good and Choice tally heifers $180.00-195.00 per head. Few lots Common and Medium cows with 125-250 lb. calves at side $139 00 180 00 per pair. Reported bv Paul H. Lehigh, Fed eral - Slate Market News Service. SHIPMENTS j VHt A YEAR AGO . CHRISTMAS PROGRAM Students at Fairview School will present their annual Christmas gift to parents and friends in the school gymnasium this week. Thursday, Dec. 12 (tonight), starting at 7:30 p.m. grades four, five, six and seven will present individual class program numbers. Friday night, Dec. 13, 7:30, primary grades, one, two and three will take part in the charming story of "Christmas in Mother Goose Land." The public is invited. Seated are Karen Carlson, sixth grade, and Connie Clark, sixth. Standing, left to right, Donald Adkins, fifth; Jerry Huycke, Karma Ad kins, Melissa Walker, third grade. Portland Man Heads New Office SALEM (LTD Hillman Lueddemann, a former Port land steamship company execu tive, Tuesday was named by Gov. Mark Hatfield to head the newly-established State Depart ment of Commerce. The department was created by the 19U3 legislature. It is the first of the government reorgan ization programs asked by Hat field to become law. Lueddemann, fill, is a past president of the Portland Cham ber of Commerce, and vice president emeritus for the Ore gon Inland Waterways Associa tion. He will resign from the board of directors of the Ore gon Mutual Savings Bank and from the Delta Park Commis sion in Portland. Hatfield termed the appoint. Rites Set For Mrs. Rasmussen MERRILL Graveside serv ices will k held Monday in Bandcn for Jlrs. Nels I'M at lie) Rasmussen, !)0, who died Dec. 12 in Salem. She had been in failing health for several years. Mrs. Rasmussen made her home in .Merrill wiith Iter daugh ter, .Mrs. Dale (Lucille' West for some time dn later life. She was born Feb. 11. 1873 in Walnut City, Iowa, the daughter of (Madison and Sarah Ellen Swift. The family came to Oregon in 1883, settling first near John Day. A few years later they migrated by cov ered wagon to the coast, travel ing through the Upper Klamath Lake region to Jackson County where they wintered before going to Coos Bay. She was married to Nels Ras mussen in Bandon on Nov. 11, 18118. He died in 1922. She lived there until 1934 wJien she moved to Merrill to be near her daughter who was leaching there. She remained in Klamath County until three years ago when her health failed. Survivors are one cliild, Lu--cille West. Merrill; one grand daughter, Sara West, student at San Jose Stale College, San Jose, Calif., and a niece, Mrs. Hugh (Pauline) Kimble, Crescent City, Calif. Euneral services will be by an Episcopal minister, assisted by the Knights of Pythias. The Schroedcr Brothers Funeral Home is in charge. Mrs. Rasmussen was a mem ber of tlie Pythian Sister Lodge in Bandon and Women of Wcodcraft, Klamath Falls. Gifts in her memory may be made to the Merrill Elemen tary School Library. Obituaries HUGHES On Ada Hughes, V. died tw Dec. U, 1963. Survivori: hulband. John, thit city; dauenferi, Mn. Ruth Branden berg, Heupntr, Ore., Mn. Oorolhy towry, thit- City; alia 1lv grandchil dren and teven great-grandchildren. Funeral wrvlces, Ward'i Klamath Fu neral Homt, Saturday. Dec. U, at I p m. Concluding terviteii Klamath Me morial Park. HAMPTON Wesley Hampton, 73, died here Dec. II. 1963. Survieors: the, widow. Fern, and a ton, Raymond W , Kimua. Ore.; a daugntar, Roella Waiti, Samoa, Clit ; suferi, Mr. Eflrl Hadiey, Long mont, Co'O., Vr. Clint Smith, Lyont, Coio ; grandchildren, Rosalie Wait) Hul bert, Cincinnati, Ohio, Sherry Ann and Donald A. Waiti, $moa, Stephen, Mi chael and Robert Hampton, thlj city. Punerat tfrvicei, Ward'i Klamath Fu neral Home. Saturday, Dec. u at 10 30 a m. Concluding wrvice, Klamath Me morial Park. Funerals LUGO Funeral eryice for Carlo Leyvi Lugo itl take place from the chapel et Ward'i Klamath Punerei Home on Friany, Dec 13, l3, at 10 30 am. Concluding icrvict), Klamath Memorial Park. 9K4HN Futi service tor ttb. $abn wM take place frcA t taoel of Wurd'i Klamath LuiferM Inmi on Prtdiv, DC. 13, 191. at I t) m, Co cludirg ervice, Klamath Memorial Park. , ' S'. 7 - mcnt "a major step toward a cabinet system of. government. "By its success will be judged future proposals." The governor said the new department would become oper ative on Jan. 1. He said the sal ary range was from $12,0(10 to $15,000. ' Lueddemann said he would have a small staff, and would "coordinate the operation of the 15 boards in the department to give better service to the pub lic." ' The 15 agencies being com bined in the new department now have in excess of 100 em ployes. The new department includes five administrative divisions: Banking, corporation, insurance, planning and development, and teal estate. Ton licensing, advisory and SjJljjtlT jJjlS BON BAZAARS rcr spr,nger Ci y$ MIRR0 . ELECTRIC 35? CORN POPPER Model C9224 WITHOUT CORD "i NICE SELECTION OF SUNBEAM SMALL APPLIANCES 3V 4 GIFT TYING RIBBON 500 Ft. Box JUST GIFT WRAP 4 Roll Box - 26" 2 Boxes I HOLLY TIE 1B0 Ft. 12 different widthi and 1.49 Value colors for making bowi, rc Christmas 37" WIDE Reg. 59e Yd. I Reg. 69c Yd. I Reg. 79c Yd. MOW 49c HOW 59c HOW 69c VjrT CLOSE-OUT AIIIITrK ' uuiucu INSULATED WEAR Keg. y.o m 6 Whil. Thty Loir 7 t .4:' : t I administrative review agencies are included: Collection, watch making and clockmaking, pilot commissioners, real estate, banking, accountancy, architect examiners, auctioneers, en gineering examiners, and land scaie architect examiners. Formerly each of these de partments reported directly to the governor. Lueddemann now will make a single report to the governor. Lueddemann is a n a 1 1 v e of Tuscumbia, A 1 a., attended school at San Jose, Calif., and moved to Portland in 1914. He earned four bronze stars during World War I and return ed to Portland in 1920 to be come dock clerk for McCormick Steamship Co. In I960 he retired as vice president and general manager of Pope and Talbot, Inc. OR FOIL W 00 Border Prints Jtr ft? de STACK OF 3 PILLOWS no 70 116" tquort 118'' tquort 121" iquor. Reg. 9.98 Industry Still Favors Centers Of Population (Continued front Page 1) fers a potential market of some 127 million people. The latter state reports that 71 per cent of the nation's population (127 million people) are within 500 miles of its borders," Lewis stated. One Southern state ad vertises that it is he only state with live separate financing plans to assist private capital establish new industry, he point ed out. lwis commented that t h e chamber might be ranging too far afield in its attempts to en tice industries of other slates into Klamath County and he quoted some statistics to prove his point. "Eighty per cent of all eco nomic growth within a com munity results from t h e en largement of established indus try," he said. Therefore, Lewis urged the chamber to assist lo cal people in the fulfillment of those ideas which would devel op new products, start n c w business, or, in otlier instances, increase the payroll within the county. "Growth comes .where it has already been. If this is cor rect, growth will most surely continue in cities such as New York, Chicago, Los Angeles and San Francisco," he added. Lewis then dispelled the popu lar contention that industry, col lectively, is casting its eyes to ward suburban areas with a view to moving from larger cities lo smaller, outlying com munities. "This is not so. Most generally, new industry be comes established where there is a preprntlerance of other in dustry and hu ge population cen ters representing unlimited markets," he elaborated. If tlie chamber is determined in its efforts lo attract indus tries here from elsewliere, Lew is urged that first, it take stock of the county's assets and sec ond, thai it determine which industries would best benefit from those assets. The chamber then should di reel its appeal to tlioso indus -8 MAGNETEL GAME 98 MATTEL Battery Powered TRAIN SET WITH SMOKE I WHISTLE IT 98 Whilo They Last CLOCK RADIO o 00 Automatic "Wok lo Mu.ie" or Buiior Alarm. Automa. tie Slumber twitch. REG. 27.98 IV A SHREDDED FOAM Mb. BAG 2-lb. BAG 59c 98c ONE GROUP - STARTEX KITCHEN TERRIES 7 98 4480 South 6th tries which would he more like ly to become established here, he remarked. "Klamath Falls has entirely too many blessings to be ig nored. Tlie people are hospita ble and you liave a good rec ord of civic achievement," he concluded. Lewis alluded to tdie Intercommunity Hospital Fund drive held last spring wlien res idents of the Klamath Basin pledged more than $1.5 million for tlie construction of a new 141-beo) general hospital. In other business, Alex Smith, supervisor of tlie Winema Na tional Forest, invited members of the chamber and tlie public to attend an open house at the recently completed Chiloquin Ranger Station, located opposite the Chiloquin air field on High way 97, during the hours of JO a.m. and S p.m., Friday, Dec. 20. Smith stated tliat District Ranger Homer Faulkner and his staff had moved into the new quarters and were open for business. ' Chamber president, Jim Stil well, concluded the meeting with tlie announcement that the chamber would meet informal ly at noon in the Pelican Cafe next Wednesday to exchange ulctide .greetings. Shops Job Completed The n e w $330,000 vehicle maintenance shops at the south west corner of Kingsley Field has been completed by the con tractor, Thompson and George son of Portland, and is ready for occupancy, the Information Office of the air field has an nounced. The 93xl41-foot building will house the vehicle maintenance branch and share offices with the motor pool, the information officer said. First steel containing both nickel and chromium alloying elements was manufactured in Fiance in 1893. if 31" Low, Low Prices PLUS Boit Eazaar Post Office Will Open Saturdays Klamath Falls Postmaster Chester Langslet announced to day that the local post office will be open Saturday from 8:30 a.m. to 5 p.m. for mailing packages, picking up parcels and the sale of stamps. Langslet said no other serv ices will be offered on that day. The postmaster again urged local residents to mail their Christmas packages, letters and cards as soon as possible be cause transportation schedules may be interrupted by fog, snow or flood throughout the nation at this time of the year. Ho asked that stamp require ments be estimated in advance and persons purchase all of their stamps in one visit to the post office. Langslet said a new snorkel drop box has been installed across Klamath Avenue from tlie Post Office, 734 Klamath, lo enable persons to mail cards and letters without leaving their cars on either side of the street. Rumors Fly After Shot A firearm that was accident ally discharged inside the cab of a truck parked along the main street in Chiloquin was re sponsible for starting rumors of a shooting Wednesday night, Oregon Stato Police have re ported. Eddie Cole of Chiloquin said he was seated in his truck with the windows rolled up when the gun discharged. The projectile shattered a door window of the truck and went through a small window in a retail store nearby. No one was injured, police said. Moments after the acci dent .police said they began re ceiving calls that there had been a shooting in Chiloquin. ALL 98c 83c NOW Still a good selection .( TMIlr nvi r. GAMES - DOLL it CLOTHES DOC. & NURSE SETS MEN'S WASH 'N WEAR FLANNEL SHIRTS SCIO POTTERY 16 pe. set. Scrvic (or four. 3 patterns to choose from Golden Wheat, Srarlite, Fascination. 398 SET Creamer & Sugar Set To Match 1.29 Green Stamps Next to Oregon Food $79
