Image provided by: University of Oregon Libraries; Eugene, OR
About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 27, 1963)
PAGE 4 HERALD AND NEWS, MARKETS and FINANCE Stocks By I'nlted Fmi International Allied Chemical 55 Alum Co Am 68'. American Air Lines 34H American Can 43'i American Motors 18'i AT&T 138 American Tobacco 28J Anaconda Copper 46 Armco M'i American Standard 18' Avco Corp 22H Bendix Corp 48'. Bethlehem Steel 30'. Boeing Air 36" , Brunswick ll'.i Caterpillar Corp 48 Chrysler Corp 84H Coca Cola 115 c.b.s. n Columbia Gas 82'i Continental Can 42' a Crown Zcllerbach 35 Crucible Steel 2in Curtiss Wright 18'. Dow Chemical 68s. Pu Pont 240'i Eastman Kodak 12in Ford 50' General Dynamics 21'. General Electric 84'i General Foods 88' General Motors 777. General Port Cement 22'i Georgia Pacific 51 Gt Nor Ry 56' i Greyhound 43' Guli Oil 46'. Homeslake 44Vi Idaho Power 32' j ; l.B.M. 493'i ; Int Paper 31'j Johns Jlanvillc 49'i Kennccott Copper 73 Martin " 20'i Merck 106H Montana Power 38n Montgomery Ward S3Vt Nat'l Biscuit 56H New York Central 24'. Northern Natural Gas 50' Nortliern Pacific 51 Pac Gas Elec 31 'i Penney J.C. 43'i -Penn IIR 23'i ..Permanenle Cement ; Phillips 48 J Procter Gamble 70V4 : Radio Corp. 95' ; Richfield Oil 43 'a Safeway 57'i Sears 97n Shell Oil 46 Socony Mobil Oil 71-4 Southern Co 53',j Southern Pacific 36 Sperry Rand 20'i Standard California 60 Standard Indiana 64' i Standard N.J. 74'i ' Stokely Van Camp 23'4 Sun Mines 10',i Texas Gulf Sulfur 2Hi -Tex Pac Land Trust . 22'i .";ThiokoI 19',i 'Trans America 49 Trans World Air 28' j Tri Continental 45"i Union Carbide 120'j Union Pacific 39'i United Aircraft 43'i United Air Lines 43 U.S. Plywood 6Mi U.S. Rubber 44H U.S. Steel 53 United Utilities 3!M4 West Bank Corp 39'i Wcstinghoiise 33n Weyerhaeuser 32'. . Youngstown 125 LOCAL SECURITIES Bank America 64"i 'Boise Cascade 34 Cal Pac 26 ' Con Freight 10 Cyprus Mines 22 Equitable S&L 29 1st Nat'l Bank 78'i JanUen 26' Morrison Knud 27'i Mult Kennels 3'i NW Natural Gas 34'. Oregon Metal 1 PP&L 25-H PGE 24'i ." U.S. Nafl Bank S7n : Tektronix Ifi'i West Coast Tel 23'. 67i 36 28 10'i 23'i 39'i 821. 2H'i 29-H 4.1 36' in 27n 26' flt'i 20i 25' 1 Grains J CHICAGO (LTIl - Grain range: ; High Low Close , '. Wheat ;Mar 2.20'i 2.19'i 3.19'.-2.20 :.May 2.15'i 2.I4Ji J. 15-2.15 Jul 1.77U 1.761 1.77-1.77'. Sep 1.79'i 1.78Ji 1.78'i Oats Mar "lTi ,71' .71. May .72'i .71'. .72 Jul .118 ,67'i .68 Rye Mar 1.52, 1.51'i 1.5H.. May 1.54n 153', 1.53'i Jul 1.49'i 1.48 1.48'. Sep 1 47'i I 47' i 1 47'? TODAY'S POTATO MARKET KLAMATH BASIN I CKNTRAL OREGON'! IDAHO "DEMAND Moderate Fair Moderate "MARKET I .steady I Mrniiv Steady F.O. b7 VrTcES-P E RTWT UnVlled : ' I IS! A t in or 4 01 mln TTvj'S j ;.3;'.r. I.9O.2.I0 6-14 01 lTs-!.75 j 2.40 ? SO 2 X0-5.75 baled 10 Ih sks g.5;.60 2.4iV3.5tl 25Tfl "US2" 1VI.70 1.4(V1.50 1.15.1.25 rRlCE TO CRW'R BULK PVT. ' "LSI 1.55-1.75 j 1 , NVL65 , f.lrM.SS l'S2 " .7(Vi j ..VWa I .10- .SO KLAMATH BASIN CARtOTPiSTS RAII; TRUCK TTL TO DATE TTt, A YEAR AGO OREGON n 1 7K I i UM "CALIFORNIA 1 '5 Im i 1077 ' f 4 Friday, December !7, 1961 Klamath Falla. Ore. WALL STREET NEW YORK llPIi Stocks closed with a modest gain to day. Steels were mixed and most ly narrow. Chrysler and Gen eral Motors retreated but 1'ord was firm. Chemicals were high er with Du Pont up around l'j and Eastman Kodak and Union Carbide up fractions. AVC Corp., which made a ten der offer which includes Monsan to Chemical stock, made some progress. (Monsanto also fared well. Xerox was higher through most of the session, but turned near the close and finished slightly lower. Mall Street Chatter NEW YORK (UPII G. S. Colby of Colby St Co. Inc., says it is only prudent to recogniie that the market is vulnerable to additional near term irregu larity. However, Colby doesn't see the present trend developing into a serious decline, but rather as a prelude to a substantial ad vance. Ho recommends waiting for the situation to clear a little mora before "jumping tile gun with a hard and fast convic tion either way. Kenneth Ward of Hayden, Stone & Co. suggests investors be patient with depressed, dor mant Issues. Ward feels that as long as the favorable outlook which prompted the original purchase remains unchanged, they should continue to be held. Livestock PORTLAND (UPI) (USDA) - Weekly livestock: Cattle 450. Good-most ly choice steers 21.75-22.25: slandard-mnst- ly good Holstcins 18; good- choice heifers mostly 19-20; standard cows 15; canner-cutter 8-12.50; cutter-utility bulls 16.50- 18.50. Calves 50. Few high g 0 0 d- choice slaughter calves 28; standard-good 16-22. Hogs 600. 1 and 2 barrows and gilts 16-16.25; sows B-13. Sheep 250, Jew leeder iambs mostly 23c lower; few mostly choice woolcd 15.75. Potatoes PORTLAND (UPII - 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 3.00-3.10; U.S. No 2 1.00 1.03; few lower; U.S. No 2 bak ers 2.2J-2.40. Stocks MUTUAL FUNDS Prices until 10 a.m. PDT today Bid Asked Affiliated Fund 8.11 8 77 Atomic Fund 4.73 5 17 Blue Ridge 12.12 " 23 Bullock 13 49 14 79 Chemical Fund 12 43 13.59 Colonial Fund 11.39 12.45 Conw Inv XD 9 HI 10.72 Diver Growth 9 .01 9 87 Dreyfus 18.67 20 29 E i 11 Stock 14 18 15 32 Fidelity Capitat 10.10 10 98 Fidelity Trend 16119 18.33 Fundamental 10 26 11 24 F.I.F. 4.37 4.78 Founders Fund 6 61 7.22 Group Sec Com 13.30 14.56 Gr Sec Avia El 6 76 7.41 Incorp Inv. 7.33 8 01 ICA 10.98 11.93 Investors' Group Intercontinental 6 26 6 77 Mutual 11.39 12 53 Slock 18 91 20 47 Selective HUt 11.14 Variable 6.74 7.29 Keystone S-l 22.62 24 18 Keystone S-3 15 23 16 62 Keystone S-4 4 33 4 73 M i .T. 13 38 16 81 M.I T. Growth 8.31 9 0S Nafl Inv 15?2 16.99 Nat'l Sec Piv 4. .19 4 .70 Nat'l vSec Growth 8 34 9 11 Nafl Sec Stock 8 09 8 64 Putnam Growth 8R2 9 64 Selected Amcr 10 13 in ; Shareholders 1122 12 26 TV und 7 36 R '.M United Acrum 14 66 16.02 United Canada 18 62 I United Income 12 xi 1.1 47 United Science 7 m; 7 72 Value Lines 5 to 5 79 j Wellington 11 37a 15 s j Windsor It n !." w I My . . . WE mas who Left HELPED TOO This foursome, members of Cub Scout Pack 2, Den 6, took Christ decorations and favors to the Klamath Nursing Home to help make the folks live there happy. They are third grade students at Altamont Elementary School, to right are Casey Ross, Wayne Haynes, Terry Morris and Gary Conley. Car-Trailer Accident Among Four Reported By Oregon State Police A southbound car and trailer wont out of control and veered into an embankment on the west iilp of Highway 97, near Collier Park, yesterday after noon, after the driver attempt ed In swerve around an auto mobile parked along the road, Oregon State Police reported Friday, State police also investigated three other two-car collisions Thursday which resulted in no injuries hut caused minor to moderate damage to the ve hicles. The accident near the state ASC Reminds On Marketing All dclails of marketing cith er wool or lambs will have to he completed not later than Dec. 31 in order to receive pay ments for the 1963 marketing year, ASC spokesmen point out. Marketings completed alter Dec. 31, 1963, will he eligible for pay ments for the 1964 marketing year, however. As announced by the U.S. De partment of Agriculture last fall, the 1963 marketing year under the wool payment pro gram has been shortened to the 9-month period from April 1 through Dec. 31, 1963, 111 order to shift the wool marketing year to a calendar-year basis. There fore, if a pail of a sale of lambs or wool is not .settled by Dec. 31. the sale will not lie considered as one taking place in the 1963 marketing year. This means that all Uic infor mation needed to complete the sales documents and show the net sales proceeds for wool has to be determined and available by Dec. 31 in order to be eli gible for wool program pay ments for the current (1963 marketing year. Farmers have until the end of January to file applications for 1963 marketing year payments under the National Wool Art. First Family For Visiting JOHNSON CITY, Tex. tUPD To serenade West German Chancellor Ludwig Erliard this weekend, President Johnson has booked a Texas musical cast ranging from classical pianist Van Cliburn to a master of ceremonies named "Cactus." The "Cactus" involved Is Cac tus Pryor, described in the Tex as While House's program as a "central Texas personality." He is a folksy local entertain er who will emcee the enter tainment at n dinner honoring the visiting German loader at Johnson's ranch Saturday, and a barbecue lunch at neichbor iug Stonewall. Tex., Sunday. Miimc at those lvo fiinclions Pi t . . h I I 'rt t park developed as Michael Law rence Crane, 20, of Box 3233, Kingsley Field, parked his car along the west side of the road and stepped outside to deter mine why his tire was scraping against a fender. As Crane did so, he observed a car and a trailer, operated by George Mark Thomas, 64, of Box 2212, OTI, approaching from the rear and attempted to flag it past. Thomas lost control of the car and it veered into a hank, while the trailer jackknifed and upset on top of Crane's automo bile. The laller's vehicle was Of Deadline Information Jan. 31, 1964, will be the last day for accepting payment ap plications in connection with marketings of cither wool or lambs during 1963. Earl Wilson, chairman. Agri cultural Stabilization and Con servation Committee for Klam ath County, urges that produc ers avoid possible confusion by filing their applications on com pleted sales as soon as possible at the County Office, 6350 South Sixth Street. Theft Nets 20 Cents A thief operating in the vici nity of Merit's Coin-O-Malic Laundry, 333 t!ast Main Street, last night was probably disap pointed alter surveying the con tents of a purse he stole from an automobile registered to Mrs. Kathy McDonald, Old Fort Road. Mrs. McDonald parked her car near the self service laun dry and was away a short time when the theft occurred. The purso belonged to her school age daughter and con tained 20 cents. Plans Entertainment West German Leader will ride a tonal range from the classics to hootenanny. German Snngfcst High school students from nearby Fredericksburg, w hich was settled more than a cen tury ago by German immi grants, will sing songs to re mind Erhard of the Rhine while he dines on the banks of the Peilcrnales. Mrs. Lyndon R. Johnson was busy Thursday preparing for tlie chancellor's Saturday Sunday visit. She told her ranch staff she wanted to "give him a most wonderful welcome in the Texas-German flavor." "She worked on the menus for the chancellor and found an old family recipe for German chocolate cake for dessert at lunch Saturday," said a report from Mrs. Johnson's staff direc tor and press secretary. Eliza beth Carpenter. Gathers Texas Folklore Johnson's 19-year-old daugh ter. Lynda Rud. spent the day TO '' "","ml NEWSPAPERS 'J . V'" 1 damaged on its top and left side, while damage was also to the left side of Thomas' car and trailer. An automobile parked along a road was also blamed for anoth er collision which resulted in moderate damage to the two vehicles involved, about 3 a.m. Friday, near Washburn Way and Laverne Avenue. The collision occurred as Har old Hicks. 39. of 4337 Arthur Street, was driving south on Washburn Way when his car struck the rear of a parked au tomobile which was partially extended on the highway. Hicks told police that he was unable to pass the parked car because of approaching traffic. The operator of the latter ve hicle, William Osmcr Stephen son, 21, Rlc. 3, Box 46, was asleep' inside the car at the lime of the accident and was cited for parking on a highway. Stephenson said he became sleepy while driving south on Washburn Way and drove onto the shoulder of the road to rest. In one of the other two acci dents, an Oregon State Police car struck the rear of an auto mobile driven by Karol Jean Schiro. 20, of 2345 Nile Street, when the latter stopped sudden ly to avoid colliding with anotli rr car, about 1:25 p.m.. at the intersection of South Sixth Street and Lark Street. Damage was moderate to the police car, hut minor to the other vehicle. The police officer had been transferring a d r u n k to the county jail when the rear-end-er occurred. In the remaining collision. Jerry Nolan Barnette, 18. of 3111 Laverne Avenue, was cited for failure to yield the right of way after he slopped his car at an arterial sign and then turned into the path of an automobile proceeding southbound on Sum mers Lane. The operator of the car was Derward B. Hac an, 42, of 3125 South Sixth Street. Damage was minor to both vehicles, police records indi cate. selecting books on Texas and regional folklore from the fam ily library and placing them in rooms at the LBJ ranch where the German visitors will stay. Erhard will occupy the "num ber one guest room" on the sec ond floor of the ranch house, with a southern exposure fac ing the Peilcrnales River that npplrs placidly beside John son's proieity. Obit uarics SMITH Hi G Smith, ri.d p-r V. Surv.va-d bV Niifir-a, Harry H. SmifM, mam f-a.ni; two ion. Virgil Hpadqiiajrif m r I I i I, 1(10.- t 10 m .n O Maj , Vr -noriajl CMP l Irttf rrMf-it Vciuntn.fi V t Ctmtry, AiNlajna, 0' Insure Your Happy Holidays! DRIVE CAREFULLY! Bob Jontt' Southern Oregon Insurance Agency So. 6th I ihaiH War 2-4671 Storm Fails To Disrupt Area Flow Of Traffic Highway traffic was proceed ing without chains along a num ber of roads in the county this morning, despite a storm which deposited from six to 12 inches of snow last night, the local of. ficc of the State Highway De partment has reported. Packed snow and overcast skies were reported at Willam ette Pass. Chemult and Dia mond Lake West, but traffic was flowing without chains at those points. At the latter sta tion, 12 inches of new snow fell last night, increasing the road side pack to 45 inches. Mean while at Chemult, six inches of fresh snow built up the roadside pack to 11 inches. The snow pack was 18 inches at Willam ette Pass, where no new snow was reported last night. Chains were required at Dia mond Lake East, where eight inches of new snow hiked the pack to 32 inches, and at Cra ter Lake, where nine inches of new snow and 45 inches of road side snow were noted. Ground fog was reported on the Green Springs Highway, but otherwise driving conditions were listed as good in view of reports citing bare pavement and little roadside snow. LOUIS F. WALKER L. Walker Rites Set Funeral services for Louis Frank 'Walker, Klamath Falls businessman, will be held from Ward's Klamath Funeral Home, Saturday, Dec. 2lt. Final rites and interment will be in Klam ath .Memorial iPark. Rev. ftor bert K. Dey. pastor of Zion Lu theran Church w here Mr. Walk er was a member, will officiate. Pallbearers will be Ron Schill, Ernie Hedlund, Otis II i s k e y, Ben Kielmeicr, Wesley Smith, Ken Briccn. Mr. Walker, 61, who had been ill for several months, was born Dec. It. 19fi2. in Lola. Key. He came to Klamath Falls in 1919 to engage with .Mrs. Walker in the restaurant business. They operated Vallicr's Diner, the Chicken Shack and the Clar Ixiu Diner, on South Sixth Street, now the lloiise-O-Bur-gcrs. Survivors include the widow, Clara, this city; one brother, James H. Walker, G c r b e r, Calif.; sisters. Ida Williams and Dora Campbell, Lola. Ky., and Alma Millhollin. Fort Wayne, lnd., who will attend the serv ices. Student Dance The Midland Grange is spon soring a fix?e dance lor all high school and college students in the area on Saturday, Dec. 2a, from 9 p.m. lo 1 a m. The af fair will be held in the Mid land Grange Hall, with music provided by the Soundmasters. Funerals HALVORSEN r-u'l frviCi lor Hfnrv Edfd HAlvO'ien f Sflfl from ln chrl ol w-d' Klmath Funeral Homt Fr,. flay. Ote I?. ' ? P m. Conclufl.r'a iervcM Mm'h Vemor al Park. Hard of Hearing! Zenith Hearing Aid For Only $50 full Powtrtd 4 TrinslitOfS Dr. J. L. Lawson, O.D. OPTOMETRIST AND HEARING AID CONSULTANT ONLY LOCAL FULL-TI VE HEARING AID CONSULTANT 715 Mo.o St. Klomoth Foils TU 4 83:2 HOURS 9AM -5PM. MON. . SAT. LrAs1 Pr.cfi Htar.no A d Wt Vail Aairrt AnvMh. irl?'" V W A trace of snow was record ed at Bly and Adel, but one inch was measured at Lake view, and Adel reported bare pavement. 3 Autos Hit, No One Hurt No one was injured Thursday afternoon in a three-car smash up at Broad and Main streets, but one driver was cited for failure to yield the right-of-way. Thomas Dean Carnes. 17, 1803 Carlson, was handed the cita tion alter the 12:42 p.m. colli sion which resulted in non-serious damages to his 1953 conver tible, a 1939 sedan and a 1963 sports car. Police said Carnes was south bound on Broad and pulled out into the intersection, striking the sports car, xvestbound on Alain, and spinning the small auto into the third car, east bound on Main. The sports car was driven by Thomas Andrew Osa Jr., 16, 4S19 Bristol, and the sedan was driven by iDale Lee iMcCulloch, 27, of Eureka, Calif. There were two other passengers in the Mc Culloch auto. B-B Pellets Ruin $300 In Windows A B-B gun sniper who has de stroyed hundreds of dollars of windows in the past week has continued his campaign by shooting holes in two windows valued at $300. Smith-Bates Printing Com pany, TI2 South Fourth, report ed to city police Thursday that four holes were shot in its two plate glass windows, apparently Tuesday or Wednesday night. At least four other cases of similar vandalism have been re ported to police in the past week. Three other businesses and a home have been hit, all apparently by the same person. Windows were shattered at S t i t e s Plumbing, House of Rocks iMolel, Long-Bell Lumber and the George Bose residence. Mrs. Kennedy Given Mansion PALM BEACH. Fla. (L'PD Princess Lalla Aicha of Moroc co had a two-hour visit with Mrs. John F. Kennedy Thurs day and presented the former First Lady with a century-old mansion in the Middle-East re sort of Marrakesh. The mansion was a gift from King Hassan of Morocco, broth er of the princess. M. A. Bcnnouna, a spokes man for the princess, said Mrs. Kennedy accepted the gilt and indicated she and her two chil dren may spend a vacation at the mansion next autumn. The princess will fly to Wash ington today and visit the grave of the assassinated President, then fly to New York for the trip home Saturday. Udall Drops Water Plan SACRAMENTO ( LTI '-James K. Carr, undersecretary of the interior, revealed Thursday Stewart L'dall has decided to abandon his idea of sending Northern California water lo Arizona as part of a Southwest regional water plan. Thla advertisement w not an offer to aell or an offer to buy any of lhe ecunue. The offering is made only by the Prospectus. OREGON FREEZE DRY FOODS, INC. Common Stock (Par Value $1 Per Share) Copies of the of B. W. PRINSEN WAbaih 6-5127 234 Calpttoi Albany, Oregon ROBERT H. MIKKEISON WAnoth 8-3485 143S C.tr Vw Plgct Albany, Ortfon re tv 1 K 50-YEAR PIN Right Worshipful Brother Earl T. New bry, Ashland, deputy grand master, presents a 50-year pin to Worshipful Brother Arthur Leavitt of Medford, past master of Klamath Lodge 77, AF4AM, as Worship, tul Brother Gene Byrnes of Klamath Falls looks on. The pin was presented in Klamath Falls at Past Masters' Night at Klamath Lodge 77. Man With Rifle Arrested After Threat On Student A 22-year-old man was ar rested for assault with a dan gerous weapon Thursday night after, police said, he threatened an Oregon Technical Institute student with a semi-automatic rifle on a downtown street. Know lton M c r r i 1 1 Jr. was booked at city jail after his ar rest in a motel following the in cident. A search warrant was obtained and the rifle, a 30-cali-bre Ml carbine containing 15 hollow-point cartridges, was tak en from tMerritt's wife, xho had refused to surrender it to police. .Police said the student, Ed win IMguma, and another stu dent, Sissoko Sounkoun, were walking on South Seventh Street between Klamath Avenue and Main Street when .Merritt and his wife emerged from a restau rant. Officers said IMerritt became belligerant towards M g u m a, then walked to his parked car and came back with the rifle and pointed it at the student. Mguma and Sounkoun ran around a corner and when they saw Mcrritt's wife get her hus band into the car and drive off, the students called police, who quickly located Merritt at the motel. 'When Merritt was taken into Belt Rejects Allegations PENDLETON (UPI-Chargcs of giveaway in the lease of the Boardman park site to Boeing Co. of Seattle were refuted here Thursday by William H. Belt of Hermiston, president of the Space Age Industrial Park Asso ciation. . Belt said such allegations are as empty and lacking in sub stance as the present state of the land itself. He described the Boardman acreage as "sub-marginal land of shallow light soil and bedrock only a few feet from the sur face." He said detractors of the lease had typified the arid land as "another Yakima Valley" in its agricultural potential. The site is not now farmed, has never been farmed and in all probability would never be farmed, Belt added. Price: $1.00 Per Share Prospectus may be obtained from any the officers listed below: DR. ROBERT L. SMITH PLi. 1.4119 20S Wh,t.i,d. Dn.t Conollii, Ortfon HAMILTON GRIFFIN WAbaih 8-9142 628 S. F.rr, Albany, Oregon W-M JWITH 6-4241 13 V. lit Strati Albany, Ortaon I : ' TJLA-J custody, he had another clip for the rifle in his pocket, con taining nine cartridges. Mcrritt's wife refused to give up the rifle and drove off from the motel. With a search war rant, police stopped her and took the rifle, loaded with the 15-shot clip. Thieves Loot Firm's Safe Burglars broke into a safe at Klamath Ready Mix Inc., Wash burn Way, sometime Thursday night and escaped with $100 in coins, in one of two burglaries reported to Oregon State Police Friday. The incidents represented the 11th and 12th break-ins report ed in Klamath Falls and the suburban area since Monday, records at the Herald and News indicate. The thieves entered the estab lishment through a bathroom window at the rear of, the build ing and then broke open the safe by "peeling off" its top, police reported. Burglars also used a rear en trance to enter the Summers Lane Tavern. 3541 Summers Lane, during the same evening. Investigation by police early Friday indicated that nothing had been stolen. Police are con tinuing their investigation in both cases, Callahan Starts Another Term SALEM (LTD - William A. Callahan, chairman of the State Industrial Accident Commission, was to be sworn in for another four-year term this afternoon. Next year will mark Calla han's 10th year as a commis sioner, representing labor, and the 50th anniversary year of the commission. VERLAND ERNSTON WAbaih 8-8157 1023 W. 37th A.eout Albany, Oregon ELLIS BYER WAbaih 6-2618 Bo 666 Albany, Oregon T
