Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 16, 1963)
PACE 4 HERALD AND NEWS, MARKETS and FINANCE Stocks NEW YORK STOCKS By United Prwe International Allied Chemical 57'i Alum Co Am 67 American Air Lines 33'i American Can 42 'i American (Motors 1'4 AT&T 1MH American Tobacco 27' Anaconda Copper 42 Armco 6t3 Avco Corp IT i Bendix Corp 474 Bethlehem Steel O'i Boeing Air 35'i Brunswick 10H Caterpillar Corp 4a Chrysler Corp 88' i Coca Cola 1074 CBS 76H Columbia Gas 2'i Continental Can 424 Crown Zellerbach M'i Crucible Steel 21'i Dow Chemical S3H Du Pont 239H Eastman Kodak US Firestone BH Ford MH Gen Dynamics W General Electric (B'i General Motors 79 Gen'l Port Cement 22i Georgia Pacific 6B'- Gt iNor Hy 564 Greyhound 4' 4 .Gulf Oil 4711 llomestake 4.V Idaho Power 33 J.B.M. 476 Int Paper 32'i Johns Manville 49 Kennecott Copper KHi Jlartin 20!, Merck 107 Montana Power Xfk Montgomery Ward 33'i Natl Biscuit . Sfi'i New York Central 1 24'i Northern Natural Gas Sl'i Northern Pacific 603, Pac Gas Elec 31 Tenney J.C. 43 renn RR 25 - Permanente Cement J5'i ' Phillips 4'4 ' Procter Gambel Wi Radio Corp 97 . Richfield Oil 4.1 Safeway 08 Sears fWH Shell Oil 444 Sooony Mobil Oil 6014 Southern Pacific fi's Sperry Rand 1!5 Standard California fO'i Standard Indiana 61 CtmArirA Ml Stokely Van Camp 22H Sun Mines 10'i Texas Co. oVs Texas Gulf Rulfur 20' Tex Pac Land TTrust 22'4 Thiokol lBTi Trans America 50' i Trans World Air 2fl'fc Trl Continental 45", ; Union Carbide lift'. Union Pacific 40 United Air Lines 41 US. Plywood 65li U.S. Rubber 45' VS. Steel Mil United Utilities 39' i West iBank Corp SOU Westinghouse 33'i Weyerhaeuser H"i Youngstown lSS'i LOCAL SECURITIKS Bank America 64'i Boise Cascade 33 Cal Pac 26"4 Con Freight 9'4 Cyprus Mines 22'i Equitable S&L 29' 1st Nat'l Bank 79 Jantzen 26' i Morrison Knud 2R'i Mult Kennels 3', N.W. Natural Gas 34'i Oregon Metal l' PP&L 26' PGE 25H U.S. Nat'l Bank m Tektronix 20 West Coast Tel 24 67H lr 28 10't 24'4 31 A3 28' 2!)'i 4'i 36' 4 1'i 27-'i 27 '4 flli 21Ni 23H Grains CHICAGO (UPD-Grain range High Low Clone Wheat Wheat 2.18 2.17'k 2.I7S Mar 2.19'i !.18'i 2.18i-4 May 2.13H 2.12H 2 12'. -2 13 Jul J.74J4 1.73'j 1.74'j vSep 1 76'i 1.74'i 1.75't Oala Dec .68'j .6 .68' Mar .71'. .70', .71 May .72 .714 .71'. Jul .68'. S7'i XiTi Rye Dec 1.48'i 148'. 1 48'. May 1.S5U l-M's 1.54 Jul 1.49 147". 1.47'. Sep 1.47 1 4j' 1.45'ja KLAMATH BASIN CENTRAL OREGON IDAHO DEMAND Slow Fair l.hjht MARKET Steady Mrady Hull F.OB. PRICES PER CWT. I S1A t In or 4 oi mln 2.40J.4S ;.-.'0-2.35 LjHMjU 8-14 Ql 2.60-2.7S 40-2.50 iTsO-I.TS baled 10 lh ski S.t.S-MiS 2740.2.50 2.10.3.10 i:s I i.so-i.70 LioTso iThmTis PRICE TO GRWR BULK CWT. I lSI I.50-I.7S 1,53. LM 1.40-1.50 lS ,70- .73 ,55- ,63 7ii-M KLAMATH RAIL OREGON calitornTa Monday, December 16, 1963 Klamath Fall. Ore. WALL STREET NEW YORK (UPD - Stocks came within striking distance of a new all-time high today, bol stered mainly by a bright econ omic news picture. Tobaccos were among the pace setters after a financial publication reported there would be no immediate rush for gov ernment action after the Public Health Service's smoking and health report is released, possi bly next month. Philip Morns, Liggett & Myers and American Tobacco were among those re sponding to the news. Xerox showed a sizable ad vance after stockholders ap proved the previously proposed S-for-1 stock split. IBM, llaveg, Magnavox and Control Data were up Tactions to more than 2. Wall Street Chatter NEW YORK (UPD-Bradbu-ry K. Thurlow of Winslow, Cohu & Stetson, says that "The strong rally that followed Pres ident Kennedy'a assassination was a professional encouraged burst of uninformed popular en thusiasm, reflecting accurately the mass-emotional relief and recovery after a weekend of unprecedented national horror." "The last stage of the rally looked as phony as a nine dol lar bill, and the public once again appears to have resisted those who were hoping to treat them as greater fools," Thur low said. "Thousands of poten tial stock buyers who had tried to pick up trading bargains aft er the assassination have been sophisticated enough to resist buying the same merchandise at marked up prices two weeks laler. Whether tliey can contin ue to hold out remains to be seen." Badhe & Co. says tliat "in dividual longer range values continue to be evident and in vestors should take advantage of tliis period to make purchas es." Rieliard K. Paynler Jr., chair man of the board of New York Life Insurance Co., says that "from the point of view of re turn, there would appear to be less reason now for a broad acquisition of common stocks than in the late 40s and 50s." Ho asks "is capital apprecia tion an adequate substitute for current income as far as t h c best interests of our today's policy owners are concerned? In theso terms, 1 cannot visual common stocks as a major out let or life insurance fluids." Stocks MUTUAL FUNDS Rid Asked Affiliated Fund 8.14 8.81 Atomic Fund 4 80 524 Blue Ridge 12 08 13.20 Bullock 13.46 14.73 Chemical Fund 12 28 13.42 Colonial Fund 11.38 12.44 Comw. Inv. 10.04 10.97 Diver Growth 9 03 9 92 Dreyfus 18 71 20 34 E & II Slock 14.17 1.V31 Fidelity Capital 10.06 10.93 Fidclily Trend 16.70 18.15 Fundamental 10.23 11.21 F.I.F. 4 38 4.80 Founders Fund 6 59 7.16 Group Sec Com 13.17 1142 Gr Sec Avia El 6.85 7.51 Hamilton H.D.A. 5.08 5 55 Incorp Inv. 7.20 7.90 ICA 10 83 11.84 Investors' Group Intercontinental 6 22 6 73 Mutual 11.56 12.50 Stock 18.91 20 44 Selective 1039 1112 Keystone S-l 22 35 24 38 Keystone S-3 15.37 16.77 Keystone S-4 4 37 4.77 M.I.T. 13.34 16 77 M.I.T. Grow til 8 32 9.09 Nat'l Inv 16 73 17 01 Nat'l Sec Div 4 29 4.69 Nat'l Sec Growth 8 40 9.18 Nat'l Sec Stock 8 04 8.79 Putnam Fund 13 27 16.69 Putnam Growth 8 83 963 Selected Amer 10 16 10 99 Shareholders 11 19 12 2.1 Sup Inv Ser 7 61 A 29 United Accum 14 60 13 96 United Canada 18 51 ... United Income 12.32 15.46 United Science 7 07 7.73 Value Lines 5 27 3 76 Wellington 14 33 15 64 Windsor 14 26 15 50 Whitehall 13.61 1471 TODAY'S POTATO MARKET BASIN CARLOT SHIPMENTS TRUCK TTL TO 19 YMCA Lists Schedule For Yule Activities The YMCA in Klamath Falls has announced its schedule for the Christmas holiday. The "Y" and the pool will be closed Dec. 24 after 5:30 p.m., Dec. 25 all day, Dec. 31 after 5:30 p.m. and Jan. 1 all day. Dec. 23, 24. 26, 27, 30 and 31 and Jan. 2 and 3, the pool will be open from 1 to 2:30 p.m. There will be a lOcent admis sion charge for members and 25ent charge for non-members during these special swim periods. The rest of the "Y" will be open to younger 'Gra-Y, Pee Wee) boys from 9:30 a.m. to 12 noon on Uiose days and from 1 to J p.m. on those days for jun ior and senior high boys. A number of special events during those time periods are Jury Pick Occupies Foster Case The questioning of prospec tive jurors concerning possible moral opposition to the death penalty marked the open ing of the Archibald Foster murder trial m circuit court this morning. Two prospective jurors 4xfh men were excused when they indicated they could not under any circumstances vote for a death penally. Another man was excused when he said he had formed opinions concern ing ilie case. Foster, 26, of Salem is lie ing tried for first-degree mur der in connection with the death of Mrs. Richard Biss in Bealty earlier this year. Dist. Ally. Dale Crabtrce in dicated in his questioning of prospective jurors this morn ing that the jury finally chosen would be taken to Bcatty for a "jury view." Judge Donald A. W. Piper is presiding over the trial. Short ly before noon today, six jurors had been passed by both sides, but six more were to be chosen and then attorneys would have the privilege 1 of pre-emptory challenges. Injured Youth Still Critical Walter Killian, the 20-year-old motorcyclist who was severely injured in a collision with a Great Northern train Saturday, is in critical condition at a Med foicl hospital and mny not im prove for the next five or six days, a reliable source told tile Herald and News today. Doctors stated that Killi an. hospitalized with multiple skull fractures, has an excellent chance to live.' Killian was thrown nearly 75 feet after he fa i loci (o slop in time to avoid colliding with an enstlmiind train at n railroad crossing on Home-date Road. The victim resides at 5776 Har lan Drive. Livestock PORTLAND (UTD - tllSDAi Livestock: Callle 14O0. One load mixed good-choice steers 22; cows util ity 13-14: canner-cullcr 8-12.50. Calves 200. IMarkcl not estab lished early. Hugs 6(10. Active, steady 1-2 grade butchers 13.75-16; 2-3 grade 45-13.50; 250-260 H 14 50 16; sows small lot 1-2 near 270 H) 13. Slvrcp 900. Slaughter lambs weak to 50 c lower; 60 head choice-prime 85-108 lb wooled lambs 18-16 25; few kits choice prime shorn No 1 fall shorn and a few No 2 pelts 82-100 lb 17 17.50. Potatoes PORTLAND d'PD - Potato market steady; 100 lb sks washed Hussets U.S. No 1 un less otherwise staled: Oregon 2.MK3.00; 6 14 oz 2.75 - 3 00; bakers 3 0M25: U.S. 1.0O-1.05; few lower; U.S. No 2 bakers 2 15-2 40. DATE TTL A YEAR AGO 1,095 a to planned. That schedule follows: Dec. 23 Gray-Y. Pee Wee, archery shooting, ping pong con tests, 9:30 a m.- 12 noon; junior and senior high boys, ping pong tournament, trampoline, 1-5 p.m. Dec. 27 Gra-Y, Pee Wee. bas ketball shooting, rifle contests; junior and senior high, basket ball shooting, rifle contests. Dec. 30 Gray-Y, Pee Wee, trampoline, carom games; jun ior and senior high, pool tourna ment, trampoline. Jan. 3 Gray-Y, Pee Wee, trampoline and pool tourna ment; junior and senior high, archery and trampoline. Dec. 21 and 28, there will be the regular Saturday YMCA programs. Im The- Day's Sews (Continued from Page 1) tain that an American dollar will buy MORE of the good things of life than a Russian ru ble will buy. Still, the figures are interest ing. Arid It's VERY interesting to learn that Mr, Kroosh is aware that there are GROWING DE MANDS FOR MORE CONSUM ER GOODS among the Russian people and that it might be well to so handle the Russian econo my that it will be POSSIBLE for the common, ordinary Rus sian people to get more of the consumer goods that make life more pleasant. That could be higlily signifi cant. Man Hurt In Mishap Robert Ensminger, 37, was in jured Sunday night when his auto rammed into the bridge at Main Street and Alameda Ave nue. Ensminger, 2660 Shasta Way, was taken to Klamath Valley Hospital for treatment of a lac erated mouth. He also lost sev eral teelh in the crash. Police said he was eastbound on Main when he lost control of his 1937 station wagon and the auto struck the bridge. Ensmin ger was cited for violation of the basic rule. - Skating Rink Times Listed Tlie Klamath Falls ice rink at Moore Park will be opened during the hours of 7 through 10 o'clock tonight, City Parks and Recreation Director Gary Woodring has announced. The rink has been closed dining His past two evenings due to warming temperatures which had softened the ice, Woodring said. Because of above freezing temperatures prevalent lately, Woodring said it might be nec essary In close tlie rink every other, night so department em ployes may restore tlie ice to usable condition. Golden Agers Schedule Party Tlie Golden Age Club will have a Christmas party at the old armory on Wednesday, Dec. 18. at I p m Christmas carols and entertainment will be fol lowed by dessert. Contributions of canned foods to help fill a basket for a needy family will lake the place of a gift e.xcliance between those at tending. All senior citizens are cordially invited. Transportation can be arranged by calling TU 4-32110. Tea Scheduled Tlie annual Klamath County Cow lWles leu date is Tues day. loc. 17, instead of Pec. 7 as was litcd on Lhe invita tions. Tea hours will be from 2 to 5 p.m. at the home of Mrs. Dave Oimpbell, tvC4 Juniper Way, in the s.outh Miluirhan dis trict. Obituaries TURNI CJj' Elm Torrttr, 10. (JiJ De IV 'ft J, h ii lurvtvM tv two dauoMfr. Mr. Dorothy C. Aam, Mmlh n. VftCel A'ln Turner, HcWuu. HwrH; (mo 9rrt)dvgMf?r. Bff'tM'l l"d AMiry Loy Aotij, Mum' F-a' i; cwt tiitfr. VaMI E Pwstli. O'vmtt'a. S C Gravfvci irrvicfl wH b Vttdrttjclnv, Dc. t 7 p m, t rtt ln Vtmdf ial Omt'cv. lq 0 Hmr Vtrnonil CNtpl In chaf of ff angtmant. CliTVAN r-antt Artr Cfffitvaog. J3. Dk 1 M it lu'vivtd oy motr, Psr Oatvng. i $a'rn, twfl br0"W. Vv rut and Baipri. kiarrtaln Faill. Crav- 1 d wvktt will bt Ha id Timaay. Pc. W. 1 0 m, t Mamalh Vairwial Pa'k. O Hair i Ammonal Chawl " , h'ii ll l'- ' i -??H',; v v T 7 v ' .1 1 4 fi win im-ffLj M Ml YMCA PREPARES The Klamath Falls YMCA it pre. paring for Christmas. The "Y" has announced a holiday schedule of events. Here, some young members are shown decorating the organization's tree. Allen Cone strains to place the star atop the tree. Other boys are, left to right, David Bissell, Vincent Cone, Mike Surpre nant and Kerr Williams. Man Discovers Friends Unfriendly, Loses Car A Klamath Fails man who went for a ride with two men he met in a local tavern early Sunday morning had bis trip end unexpectedly a short time later at the north scales, where he w as robbed of his car, shoes and billfold containing about $20, Oregon State Police report ed Monday. James Dawson Pritchett, 5307 Cottage Avenue, told police that he was beaten about the face and left near the scales by his companions, who drove off in the victim's 11)31 Chevrolet, license 3M1S20. " Pritchett described his assail ants as about 30 years old, uiifh dark hair and wearing dark trousers. One wore a Ian leather jacket and the other was clad in a black checked shirt. Anyone having informa tion relating to tlie men are urged to contact stale police. Police were summoned to Hie scene of the atlack about 4 Merrill Man Gets Citation A 51-ycar-old Merrill man was cited for failing to y i e 1 d the right-of-way alwul 9:30 p.m. Saturday, after lie drove his car out of a driveway and into the path of an automobile operated by Warren W. Walker, 39. also of Merrill, Oregon State Police have reported. Cited was John Krancis O'Neil who had backed his car onto Highway 3!) when the collision occurred, resulting in moderate damage to both vehicles but no injuries to the drivers. Both cars left the scene under their own power, police said. Band, Chorus Plan Program C11U.OQU1N - Hie Chilo. quin High School band and girls' chorus will present an hour of Christmas carols on Doc. I" at 7:30 p.m in tlie new hich school gym. Tlie public is invited to attend. Tlie program will feature' several traditional selections, "O. Come All Ye Faithful." "Silent Night." and "The First Noel," performed by the band. Numbers by the girls' chorus will include "O Holy Night," "Shout the Clad Tidings." and "The Three Kings." Party Planned Tlie Ladies Society of the Brotherhood of Locomotive Firemen and Fnginenien will bold its annual Clrristmas par ly add gift exchange Wednes day, Dec. IS. at 6 30 pin. at Harold's following a no host dinner. Hie regular meeting will in clude election of oiiicers. All members are inviied Insure Your Happy Holidays! DRIVE CAREFULLY! Bob Jonci Southern Oregon Insurance Agency So. erh t Sho.to War 2-4671 pa rt ff I I o "II a.m. Sunday when they re moved the victim to Klamath Valley Hospital, (here he was later released. J. Blatch Death Told Jasper R. Blatch, former Merrill businessman and ranch er, died Dec. 8 in Madras where Mr. and Mrs. Blatch had made their home for several years. He had suffered from a heart condition for several years. After leaving Merrill where they owned and operated a serv ice station and operated ranch ing interests, they moved to Madras where they continued to farm. Survivors include (he widow, Mrs. Dora Blatch, Madras, a daughter, Mrs. Scott (Dorothy) Samsel, 5907 S.W. 21 Street-Avenue, and two sons, Dennis of New Orleans and Joe of Hous ton, Tex., who arrived for the services. Urs. Blatch will spend time until after the holidays with Mrs. Samsel in Portland. Burglars Take Drug Tablets Burglars broke into the Chilo quin Drug Store last Friday night and escaped with a bot tle of 1,000 Nembutal tablets, oiie and one-half grain. Oregon St"o Police reported Monday. The thieves entered tlie estab lishment through a window they had broken, tlie druggist said. Nembutal is a sleep inducing drug available only on pre scription. Fire Report (10 mi. Friday to 10 a m. Mondav KLAMATH FALLS FIRE DEPARTMENT 7:32 p.m. Friday 1762 Main Street, grease fire, smoke, but. no damage, occupant William Jones. 1:52 a.m. Saturday 2118 Wantland, overheated oil stove, occupant Albert Stiles. AT SHAW'S FOR CHRISTMAS EATON'S t':jp.',':'.'.;'' STATIONERY SHAW STATIONERY 729 Main Knife Act Brings Jail For Youth A 15-year-old Klamath Falls boy w as taken into custody Fri day night for pulling a knife on a group of other boys and forc ing them to drive in a pickup truck with him. The youth was taken to city jail following his arrest at a South Sixth Street market by state police. A spokesman for the County Juvenile Department said the boy had been drinking and met a group of other boys at a lo cal drive-in. He said the youth kept insist ing the other boys drive him to get some more beer and wfien they refused he became angry and challenged them to a tight. When one boy took him up, he pulled a knife and forced one youth to hand over the keys to his pickup truck. Then, the spokesman said, tlie youth forced the other boys to accompany him in tlie truck to the market where he attempt ed, unsuccessfully, to buy beer. While in the market, one of the boys saw a high school teacher he knew and asked him to call police. Stale police ar rived and arrested the 16-ycar-old. He is being held pending further action. Bomb Flash Hurts Youth A young man was taken lo Klamath Valley Hospital early Sunday morning for treatment of flash burns to his eyes after a cherry bomb exploded in his face in a theatre. Doctors at tlie hospital told police 20-year-old Roy Lee McDanieJ, 815 Washburn Way, wasn't seriously injured. He was taken to the hospital from the Tower Theatre by Peace Ambulance. Police said iMcDanicl was sit ting witli an 18-year-old girl when the JaTge firecracker was tossed over his shoulder and exploded in front of his face, about 12:15 a.m. First reports to the police sta tion said there had been a shooting at tlie theatre. Slots Grabbed By State Police Oregon Slate Police confis cated three slot machines in a raid on the Eagle's Lodge at Lakeview Saturday night and arrested tlie bartender, Ben jamin Franklin Cannon, on a charge of possession of slot machines, the Herald and News learned today. Cannon of Lakeview was scheduled for arraignment in the Lakeview Juslice Court sometime today, police said. The slot machines were the ...-,,, iru uamuL ipe ana each was operated by differ- enf coins, including nickels, uuiii-s ant! quarters. Presbyterian Intercommunity Hospital 313 Main St. Local Man Succumbs To Smoke Inhalation A 33-year-old Klamath F-a 1 1 s .Tian died Sunday afternoon when fire broke out in the bed room of his home at 4022 Dela ware Avenue. Firemen of the Suburban Fire Department found Frank Arthur Gestvang lying in a bed in the room, apparently overcome by smoke. Funeral services are pending at O'Hair's Memorial Chapel. Firemen said they received the call of tlie fire at 2 p.m. Sunday. Fire was confined to the bed room of the frame house and almost was confined to the bed itself. Authorities said it is believed tlie fire started in the floor next to the bed, apparently smouldered for hours, then flared up while Gestvang was asleep'. Firemen said a daven Fire Burns Radio KDOV MEDFORD (UPI - Fire of undetermined orgin late Sunday leveled the radio station KDOV studios, offices and transmitter building near the south city lim its. William H. Hansen, station owner, said plans are to have the station resume broadcasting within 30 days. A 1,000-watt spare transmitter, housed in a nearby building, was not dam aged. The fire was reported by a passing motorist about 8:30 p.m. At that time the roof of the two-story structure had al ready collapsed. Firemen said that heavy fog made the fire difficult to see since tlie building was about 100 yards off the highway. Seven liremen and too trucks remained at tlie scene for about four hours, mainly lo save sur rounding buildings and lo cool a butane tank near the burning structure. NOTICE Mr. and Mn. Jest Williams hove told their land & gravd bulineu to J. C. Lemire, owner of Acmo Concrett. a The Williomi hove operated on the Williamson River the thank all or our cusromers ana ler you Know now mucn w hove enjoyed helping you with your sand and gravel needs. Mr. Lemire took possession Nov. 20th and will be glad to help you in every way he con. We ara sura you will want to join us in wishing Mr. Lemire much success in his new undertaking. Jess will be with Acme in charge ol the haul- Thanks to Everyone! A Very Merry Chriitmos To All! Jess and Ruth Williams ;jj 2 Ijj En Year-End Tax Planning . . . you are respectfully requested to consider a bequest to the Presbyterian Intercommunity Hospital. Counsel with your accountant or at torney will determine if it is advantageous to make such a gift before the close of 1963. Such a gift, of course, would help build the Basin rather than foreign aid. In round figures the Hospital has funds of $2 million available and it will take $598,000 additional to achieve the goal of a debt free operation. Tlease write or call for additional information. port in the room wasn't dam aged by the flames. Survivors include a mother, Mrs. Pearl Gestvang, Salem; and brothers. Ralph and Myrus, of Klamath Falls. Walsh Trial Postponed The trial of Ray Walsh, ac- cused of attempting to pass a fictitious check, was deferred indefinitely by Judge Robert H. Foley as the result of an illness which has hospitalized the de fendant, it developed in cir cuit court Monday. Walsh was apprehended by city police Sept. 12 after he failed in his third attempt to cash a worthless check in tlie amount of $54 to local mer chants. Two other criminal cases both involving assault with a dangerous weapon are on Judge Foley's trial docket this week and list Darlcne Sanchez and Colcen Crume as defend ants in one of the actions and Velma Lucille Banuelos m the other. Set Stolen A color television set and stereo record player with a to tal value of $900 were stolen from the residence of Ruben Sanders. 1420 Summers Lane, sometime during tlie hours of 5 p.m. and midnight Sunday, Oregon State Police disclosed Monday. Police did not disclose how the burglars entered the duelling. Investigation of the theft is continuing. H u o voshing screening plant past AVi yean. We wish to i! TU 2-4686
