La Grande evening observer. (La Grande, Or.) 1904-1959, March 07, 1932, Image 8

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La Grande evening observer., March 07, 1932, Page 8, Image 8

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Newspaper Page TextMnndav. March 7, 1932 '.' Page Eight ft ' - wrar riPAMnw T?T7T?xrTxm niiOMTnro o OTaWTrt? hdt? rn ' "7 Grain Markets ; Dull Last Week; t Demand Is Slow " WASHINGTON, Mar. 7 (Special) Grain, market had a slightly easier undertone during the week ending Mar. 4, largely as a result of a con tinued slow demand, according to : the weekly grain market review of the U. S. bureau of agricultural eco nomics. Relatively heavy stocks vt domestic wheat, together with gonj erally favorable prospects for the new winter wheat crop and a less active export Inquiry for North American grain, were the principal weakening Influences In the wheat market and prices were slightly lower. Bye had some Independent strength, largely because of light domestic supplies and an Increased export inquiry for North American rye. Corn and oats continued to move slowly Into trade channels and the light receipts were easily sufficient fort current market needs. Barley was in better demand and was firmer . than other feed grains. Flax was slightly lower de spite the very small marketings, vrth crusher demand dull. ! '?. Foreign wheat held generally steady during the week. Continental buying Was more active, reflecting the re laxation of French and Italian mill ing quotas for foreign wheat. Ger many was reported to have purchased additional quantities of wheat In an ticipation of new milling regulations. . Italy was taking Increased amtiunts of southern hemisphere wheat and purchased Russian wheat, yhl Greece purchased Russian wheat from store in England and made Inquiry fpr United States grain. Appreciation In the value of the British pound sterling and the announcement that restrictions In trading In foreign ex change would be withdrawn, were fa vorable features In the general mar ket situation In the United Kingdom. Portugal has prohibited the import ing of bread grain. Procurrlngs of Russian grain tq Feb. 20 were re ported at 00.8 per cent of the yearly Ilan. - Winter wheat crops remained In generally favorable condition during the week. The mild weather . over the main winter wheat section of the V. 8. promoted growth in most parts. Wheat greened up and made notice able growth In Kansas and more southern sections. More soil moisture Is needed In the west central great plains, especially Eastern Colorado, Western Kansas and Nebraska and Northwestern Oklahoma, Winter . grains In most European countries are protected by snow cover, although damage ns reported from previous unfavorable weather In some areas, particularly In some of the Lower Danublan countries and In Southern Russia, Recent rains benefited crops in North African countries and the condition of wheat In Egypt at the first of Maroh was reported to bo 100 per cent of tho ten-year average. Conditions In India, where harvesting begins this month, are variable, with rain needed' In unirrlgated regions, particularly in the Punjab, where more than onethlrd of tho Indian crop is produced. More than half of the Punjab acreage however, is undor irrigation. , might Decline .- Domostlo wheat markets declined slightly, despite a sharp reduatton In market receipts. Arrivals at the prin cipal central and southwestern mar kots totaled only 3,017 cars, compared with the unusually large receipts of 6,583 of the previous week. Milling domand was fairly active and storage Interests also continued to take good amounts. Elevator stocks at Kansas City wore increased to a new record total of over 37,000,000 bushels, with large amounts still on track to be unloaded. At the close of the market Maroh 4, No. 2 hard winter, ordinary protein, was quoted at Kansas City at safiaujc, 13 per cent at 53 'Ac? 63J4o and 13Uj per cent at 5314 04 o. Tho average protein of tho week's lnspootlons was 11.70 per cent. The protein of the Inspections to date this season has averaged 11.88 per cent compared with 13.33 per cent for the corresponding period last year. Milling demand at Omaha was fairly active and 160 cars wore shipped out, mostly to Minneapolis mills. Current offerings were readily takon and at the close of tho week No. 3 hard whi ter, ordinary protein, was quoted at Omaha at 61Vo per bu. No. 3 dark hard winter with 13 per cent protein was quoted at bto and No. 3 yellow hard wheat, 10 per cent protein, at 51o per bushel. .- Paolflc coast markets were gener- ally qulot with prices moving within! a narrow range. Futures at Portland , March 4 closed to L&o lowor than a week ago. Cash markets wore dull with export demand very light and domestic Inquiry of small volume. Ono salo of 600 tons of wheat ta Jap an was confirmed at tho close of tho week, which was the first export busl- ; ncss for somo time. Export flour mllte wore operating on tho last nllotmcnt of 100,000 barrels of flour for the Chinese flood relief but reported no now export business with the Orlont. Moderate flour sales continued to the Philippines but sales to other mar kets continued light. Inquiry from California was moro activo although actual sales were not of largo volumo and were principally of feed wheat. Prospects for winter wheat continued favorable and moisture for spring plantings was abundant as a result of good snow fall. Receipts at Puget Sound and Columbia river terminals wore sharply reduced and totaled only 633 cars for the week. Cash prices were lowered with futures and at tho close of tho market March 4, a. a. bluestem hard white was quoted at Portland at 71 $ 72c, soft and west ern white at 61c, hard wlntor, north ern spring and western red at 58 60c, Backed, for No. 1 wheat. At Se attle, western white and western red were quoted at 81 &c and 60',4o re spectively, and hard winter at 61c per bu.. sacked, for No. 1, with 16 per cent protein dark northern spring i from Montana quoted at 99 c in ! bulk. Moderate sales of Canadian wheat for export were reported at Vancouver during the week, with No. 1 Manitoba northern quoted at 61 Vic. and No. 3 at 66 He. In terms of United States currency. Egg Market At New Low Level In Oregon Trade EGG MARKET mkt page PORTLAND, Mar. 7 P) The mar ket for eggs reached a new low mark here during the day when the lo de cline in tho price named by the co ops and the general trade touched 15c for extras and 14c for standards and mediums. The condition of the price is serious. There was- no change In the gen oral butter market situation locally for xhe week's opening. Demand ap pears .able to take care of current of ferings. Butterfat Is unchanged. Light weight hens are in best call at the moment with bids Monday up to 10c lb. with mediums 13c and heavy sorts 16c lb. Most retailers are demanding the lightweights. Apparently the country has been holding out on turkey supplies be cause late offerings have been more liberal while domand appears to have subsided somewhat. In fact it be gins to look as if the consumer Is getting fed up on turkey. Trade m country ktnod meats is generally without feature for the week's opening. Conditions are much the same as last weok, hogs and veal being steady with sheep and lambs steady to firm. There are increasing supplies of Roseburg cauliflower now offering. Quality Is good to Just fair a trifle mixed, which caused more or less complaint. Sales are shown $1.10 1.25 crate generally. Call forn lan at $1.26(391.35. Somewhat slower trade Is reflected for hothouse cucumbers. Sales are reported at a further fractional loss but the market Is weak at that. Re ceipts are increasing and stocks are piling up. Notes of wholesale trading: California asparagus is moro plen tiful, better and lowor priced. Celery , market Is again showing strength to higher prices. "'otato buying continues fair but chiefly at extreme low prices. Walla Walla spinach is Just about steady with more local stock offer ing. Scramble for local carrots is caus ing a further advance In tho price. PORTLAND PKODUCB PORTLAND, Mar. 7 UF) Butter. prints 03 score or better 24 & 26c; standards 24 26c carton. Butterfat Direct to shippers: station 20c. Portland delivery prices 3Io lb. Eggs Pacific poultry producers' selling prices: frcBh extras 16c; 'stand ards 14c; mediums 14c. Llvo poultry Net buying prlco: heavy hons colored 4 lbs. up 16c; do modlums 13c; light 10c; broilers 17 20c; colored roosters over 2 lbs. 1022c; springs 17 fe 20o ; old roosters 8o. Ducks pekln 16c; geese 12oi ca pons 18(f)20a. Country moats Selling price to retailers: country killed hogs best butchers undor 100 lbs. 5(ftQc; veal ors 80 to 130 lbs. 10c; spring lambs ( ); iambs yearlings 11 12c;. heavy owes Oo; canner cows i4c; bulls OffliQ'O lb: Mohair Nominal buying prlco, 1031 clip long hair 10c; kid 16o lb. Onions Selling prlco to rowil ors: Oregon $5.25 a $5.50; boilers $4.25 5.00 cental. New potatoes Florida 1012c lb., California 10n12o lb. Potatoes Local O0o?tl.l6;' Park- dale $1.26; Deschutes $1.26 b 91,34; Eastern Washington 76c $1.15, . Seed potatoes (cortlflcd) Earliest of All VAlc; Early Roso l'l'jC lb. Wool 1031 crop nominal; W1V- lamctto valley 13316o; Eastern Ore gon 11 15c pound. Hay Buying prlco from producor: alfalfa $16.60r$16.00; clover $10.00 $ $12.00; Wlllamotto valley timothy $16.00; Eastern Oregon timothy $18.60; oats and vetch $12.00$12.60. MARKET NEWS OF THE DAY Mnr. May July Sept. CHICAGO WHEAT Open High . .88 y .fli. (12 .iay .m .in MS .115 LOW CIOM .57 , .87 10:y, .110 .02 .81 .B4 May , July Sept. PORTLAND WHEAT Open HlRh Low .01 .(in, .lilt .01 .CI', .01 .01 .oi'4 .ui Clan .00-K Mar. May July Sept. CHICAGO CORN - Open il'Rh .37 .37 .4014 , .40 .434M3J4 ' .4314 AtA4 A4yt Loir Clou 30'4 .36 .3!1.40 .40 . .42 .42 .43 .4334 STOCK MARKET BACKING AWAY FROM '32 PEAK NEW YORK, Mnr. 7 (P) The stock mnrket quietly backed away today from the 1032 peak level established In tho provlous scsnlon. Many pivotal Hhnrcs cloned 1 to 3 points lowor. The final tono was heavy. Sales approxi mated 1,600,000 shares. Dulls mndo experimental of forts In somo of the food and specialty issues at tho finish, although most of tho morning upturn was lost. American Telephone closed down moro than 3 points. Safeway and Au burn, lost as much, whllo issues clos ing a point or two lowor Included U, S. Steel, Ocnoral Motors, American Can. Allied Chemical, Union Pacific DuPont, Southern Pacific, Consoli dated Gas, North American and Inter national Tclcphono. Jorsoy Central apponrcd at 55, off 10 points. People's Ous and Ilomcstnko mining shot up about 7 points each, howovor, and closed near the top. MI.YKH NTKAUY NEW YORK, Mar. 7 (A) Bar silver steady and unchanged at 30!4o. BtneficUl Health Rayi The ultra-violet rays ond tlie infra-red ray nre supposed to be the most beneficial to health. DAY'S College CORDS 24 Inch Bottoms $2.95 New York Store 1 CHEESE TRADE STEADY; TREND IS UNCHANGED PORTLAND, Mar. 8 - Steadi ness of the cheese trade Is practically general throughout the country. This applies equally to coast primary and consuming markets although In Wis consin making centers the feeling was not quite as good as the previous week even with prices fractionally be low those of a week ago. The weakness and prlco easiness In Wisconsin appeared due mostly to the keen 'desire on the part of makers to force a ' greater movement than normal. Locally thero was no change re ported In the general trade trend. Primary markets reported sustained quotations with Tillamook make about normal for the reason. Cheese storage stocks continue be low a year ago at most points. DRUNKEN BRAWL COSTS HIS LIFE (Continued Prom Page One) and several others. When Hopkins entered the back door, of .tho Holden residence, Holdcn Is reported by police to have ac cused tho man of breaking up his home, thon to have shot Hopkins twice, one bullet entering the heart and the other the abdomen. Holden, a father of four children, was divorced from his wlfo a few months ago. Hopkins is survived by his widow and three children. Police said an Inquest will be held today. II AYR HKLATIVKS I1KKI3 John Hopkins, brother of tho de ceased, his mother ail ancjiher brother make their home In La Grande, and left early yesterday for Baker directly after hearing of the shooting. i MVIJKPOOL WHEAT LIVERPOOL, Mar. 7 (fl1) Wheat closed: March, 58; May 00; July 02; Oct 64, Exchange 93.51. PORTLAND LIVESTOCK ; PORTLAND, Mar. 7 P) Catlo 1360, calves 116 including 130 cattle and 15 calves through; , steady to strong.' Steers 600-900 lbs. good 9660 3 $6.00, medium . $4.75 pe $6.50, com mon $3.60(fr$4.75; 900-1100 lbs. good $5.50 (T $6.00, medium $4.75 $6.50, common $3.60ffl'$4.75; 11001-1300 lbs. good $5.00(W$5.50, medium $3.50 $6.00. Heifers 650-850 lbs. good $6.00 0)$5.5O, medium $4.25 g $6.00, com mon $3 .00 fu) $4.26. Cows good $4.00 $4.50, common and medium $3.00 $4.00, low cutter and cutter $1.60 ' $3.00. Bulls yearlings excluded good and cholco (beef) $3.25 $3.75, cut ter common and medium $2.00 $3.25. Vealers milk fed good and choice $7.50(?$8.00, medium $6.00 a $7.50, cull and common $3.5O$6.0O. Calves 250-600 lbs. good and choice $8.00ft$7.50, common and medium $3.60(? $6.00. - i Hogs 2850, Including 700 through; 3 5 -40c higher. Light lights 140-160 lbs. good and choice $4.15 $5.00; lightweights ,160-180 lbs. good and choice $4.85 & $5.00, 180-200 lbs. good and choice $4.86 $5.00; medium weight 200-220 lbs. good and choice $4.16$5.00, - 220-250 . lbs. good and choice $4.00$4.75; heavyweights 250 200 lbs. good and choice $3.76 94.75, 200-350 lbs. good and choice $3.60: $4.26; packing sows 276-500 lbs. me dium and good $3.25ff'$4.00. Feeders stockors 7(1-130 lbs. good and choice: $3.00 $3.60. 1 Sheep and lambs 760, Including 308 direct; about steady. Lambs 00 lbs. down good and choice $5.60$6.00. medium $4.60 ft $6.50, nil weights common $3.60ff$4.50. Yearling weth ers 00-110 lbs. medium to choice $3.60 p $4.60. Ewes 120 lbs. medium to choice $2.25 (j? $2.75, 120-160 lbs. me dium to choice $1.75 $2.60, . all weights cull to common $1.00$1,75. ! WINNIPEG WHHAT-??''' WINNIPEO, Mar. 7. Iff) Wheat close: May 66; July 6816; October 70K. . Cash: No. 1 hard 66; No. 1 north' em 65 !; No. 2 northern 61; No. 3 northern olc. CHICAGO LIVESTOCK CHICAGO, Mar. 7 (ff) (C 8. D. AOHogs 40,000; strong to 10c hlgll- er; 170-210 lba. $4.60 $4-66; 140-160 lbs. $4.35 $4.60. Cattle 11,000; better grade weighty steers active; strong to 26c higher; bulls 15 g 25c higher; vealers strong to 26o higher, $7.00$70. , Sheep 17,000; asking unevenly higher, strong packers bidding $6.00 Otto .60 for good to choice lambs; fat ewes $3.00 a $3.75. PORTLAND CASH PORTLAND. Ore., Mar. 7 VP) Cash wheat: Big Bend bluestem 68c. ' . Soft white 68i2c. , Western whito 68c. Hard winter 50'c. -f. -r Northern spring 56c. ' Western red 66ic.' - ' ,fif-t Oats: No. 2 white $23.00. Today's car receipts: wheat 65; bar Icy 1; flour 17; corn 2; oats 1; hay 12. i - " " 1 BULLDOGS TAKE CAGE TITLE FOR THE THIRD YEAR (Continued From Page One) up 13 to 13 after four flve-mlnute periods,1 nd the two coaches, Camp- Deu anu Agee, agreed that It would bo permitted to stand at that, with both the Bobcats and the Badgers tied for third place. La Grande, of course, by virtue of Its defeat of Union, 18 to 16, In the afternoon, advanced to the runner- up position. The Union-La Grande game was the first of the seml ftnalB, and. was a hair-raiser, with the Tigers taking an early lead. The loss of Corey, center, In the last period because of four personal fouls, weak ened the team's strength somewhat and Union took advantage of It to creep up to within two points before the final crack of the timer's gun. North Powder came near upsetting Baker In the second game of the aft ernoon, which ended 19 to 19. ' In the overtime period Baker outscored tho Badgers, 4 to a, winning 23 to 21. It was probably the most thrilling game of the entire tournament from the crowd's standpoint. York, Ba ker center, who had been held to only a few points by Walk and the Powder guards, HobbB and Slmonls, broke loose In the overtime period to cage a field goal after both teams had made two tree throws. Each time Baker made a free throw to give It a one-point lead, Powder followed through a. moment later. Pour free throws were attempted during the period, and all four were successful. Coach George Scott played three of his substitutes In the first three quarters, during which Powder trail ed by soveral . points. But In the last period, with his regular llrst team on the floor, the Badgers ral lied Impressively. . After the evening game, champion ship ' and . runner-up trophies were awarded to both tho La Grando and Baker teams, and Begley, Baker guard, was announced as the. out standing player' of. the tournament. His selection was mado on a .vote of three offlclalsrRoblnson, Hlckox and Skiff. Robinson and' Hlckox voted for Begley while Skiff cast hlB vote for Torrence,- La Grande guard, the only -two men' considered for the po sltlon. J .'' " ' The tournament at Union this year ranks ao one of the finest In local history from the standpoint of close, Interesting games and also from the high quality of sportsmanship dis played by all eight teams and their rooters. . An all-star team Is expected to be announced later, with the coaches at the tournament turning In their selections to the district board Sat urday night. - Summaries of Saturday's games follow: Baker (final game): Fg Ft Pf Tp Shirley, f 10 12 Drelsbach, f 3 0 18 York, c 6 9 .3 12 Begley, g - 12 0 4 Hollman, g 10 0 2 Totals .'....".12 6 26 La Grande! Lyman, f ' Stoddard, f .1. ICbrey, o Burnett, g Torrence, g Workman, f Fg Ft Pf Tp 1 0 2 2 , 3 0 16 2 0 2 4 0 10 1 0 0 10 ..... 0 0 1 0 Totals 6 1 7 13 ' Score by Quarters: Baker 8 4 6 9 26 La Grande 4 4 2 313 Seml-flnal Games (Saturday Afternoon)' North Powder: Fg Ft Pf Tp Williams, 1 3 0 16 Sloan, f 0 0 10 Walk, o 12 14 Hobbs, g . 1 1 2 S Slmonls, g 3 2 18 Henderson, f 0 0 0 0 Totals 8 6 6 21 Baker: Fg Ft Pf Tp Shirley, 1 i 2 0 0 4 Ragsdale, t 2 116 Jackson, o 110 3 Southard, g 112 3 Holman.'g ; ,. 1 1 1.3 Drelsbach, f , 0 111 York, o 2 0 0 4 Begley, g ,. 0 0 10 Totals ..'. '. 9 4 6 23 . Score by Quarters: ; Powder 2 4 6 6 2 21 Baker 6 10 2 2 4 23 : 'Overtime period. Bewitching . . Colonial Type COTTON fpnocKO :' Equal Quality Spring 1931 Price-$1.79 Such clever stylesl Fitted waists, full, full skirts and organdy puff sleeves or ""sleeveless I Tailored styles, tool NEW fast color prints! J. C. Peimey Co. DEPARTMENT 1307-1309 Adams Ave. La Grande: . Fg Ft Pf Tp Lyman, f 2 0 0 4 Stoddard, f 4 3 1 11 Corey, o . 0 0 4 0 Burnett, g 0 10 1 Torrenoe, g 0 0 10 Baxter, f 10 0 2 Workman, f '. 0 0 10 , Totals 7 4 7 18 Union: ' Fg Ft Pf Tp Prather, f ... 3 0 2 6 Baum, f - 2 0 14 Tollman, o 1 0 1 2 , Baker, g 12 0 4 Conklln, g - 0 0 10 7 2 6 16 Totals .. ' Score by Quarters: La Grande S 3 4 6 18 Union - 2 2 6 616 Saturday night game (tie' not played off). 1 Totals , Powder: Williams, f ... C. Sloan, f Walk, o Hobbs, g ... Slmonls, g Tallcy, I Gorham, g ..... Henderson, f M. Sloan, g ... ' Totals LOOK TO THE N :r!:j'::;;:::!:i:;:ii:i:t::i ISM That's jo of your investment in any electric refrigeration IE I ' IP1' I $ 1 O DOWN A refrigerator is only as good as its mechanism. So perfect is the General Electric mechanism, that G-E engineers have hermetically sealed it in the steel walls of the Monitor Top. It's out of reach of dust, moisture and tampering fingers. It requires no attention . . .' not even oiling. Year after year, it operates faithfully, auto matically, without care or atten tion, without servicing. It con sumes a minimum of current, materially lowering refrigerat ing costs. All G'-E Refriger ators are Guaranteed against all service expense for 3 full years. A small down payment installs a General Electric in your kitchen tomorrow. Join the GE Circle. A pedal program for women every day at noon (except Saturday). On Sunday at 530 P. M: a program for tho whole family. N. 3. C coait to'coait network Eastern Standard Time. This Dependable Refrigerator Used by ' " MISS HEATH AT THE ' ? Observer's Kitchen Chautauqua W. H. Bohneiikamp Co. GENERAL f ELECTRIC ALL-STEEL REFRIGERATOR A Manufacturer's Sacrifice of V 150 High Grade FIJR COATS JACQUETTES.aND scarves - Two Day 's Only TUESDAY AND WEDNESDAY ; - March 8 and 9 . Miracles Do Happen! Ml1. A. A. Welch of the well-known Montreal Fur Trading Company, was on his way east to sacrifice his entire sample line of high grade fur coats. We arranged for him to stop over with us for "a few days and give our patrons the opportunity to get in on some real fur coat bargains, in next season's smartest fur coat fash- We would be very short-sighted indeed, if we believed for a moment that we could launch a great fur coat sale at this time of year by giving ordinary values, but so great was the opportunity that this finest lot of high grade guaranteed fur garments will go on sale at the greatest sacrifice ever offered in this part of the country. If you were ever contemplating buying a fur coat here is a most wonderful oppor tunity to obtain the greatest return on your investment. In fact, the reductions are so astounding that those who know fur r values will purchase next season's coat now! ' , ., . I-' ;r ".. Expert Furrier in Charge of This Sale EVERY GARMENT GUARANTEED DORA vrs SMART SHOP LA GRANDE'S OWN STORE I TORE La Grande, Ore. Union: Fg Ft Pf Tp Prather. f 0 10 1 Baum, f 10 12: Tollman, c 2 0 14" Conklln, g 0 0 1 0 : Baker, g : - 3 0 1 6 ." Hess, f - 0 0 0 0 " Halsey. g 0 0 0 0 Miller, g 0 0 1 0 J .... 6 1 6 13 Fg Ft Pf Tp' ...2 1 0 6 .. 1 0 0 2: ... 0 10 1' ... 0 0 10;- ... 1 0. 0 2 .... 0 10 1;, 0 0 0 0' 0 0 10 .... 1 0 1 2 : S 3 3 13 Score by Quarter's: Union 4 3 4 213 Powder - 4 5 2 213