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