La Grande evening observer. (La Grande, Or.) 1904-1959, August 12, 1932, City Edition, Image 8

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La Grande evening observer., August 12, 1932, City Edition, Page 8, Image 8

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Newspaper Page TextPage Eight LA GRANDE EVENING OBSERVER GRANpE ORB. " - Friday. August 12, 1932 Butterf at Shows Strength; Local ::f SpudsSell High PORTLAND, Oro Aug. 12 (AV-Out duct Is very good. The onion market Is congested and extremely weak. Sales to wholesalers In carload lots range from 60 to 60 ccnta cental on cars here. , Yakima Bnrtlett pears are selling slowly 60 to 70c for a 28 pound lug. Peach sales are slow but at late nom inal prices. Green peas and beans are slow with side offering In the butter trade Jpricea low. Best lower Columbia peas have decreased materially during the past few days. Although the decrease la marked, as compared to a wecK ago, It Is considered more or lew season able. . Local churning also has shown a decrease. . ... The interpretation placed upon the decrease is that California la drawing more heavily upon country creameries of the Pacific northwest, although prices here aro on a par with thow elsewhere on the coast. Butterf at continues to strength. Egg trade PORTLAND, Ore., Aug. 12 fP) Sugar Cane, granulated $4.45 100 lira.; beet sugar 4.20 100 lbs. Domestic flour Selling price de livered: patent 40a 16.60; do 08s $6.30; show bakers' bluestcm $4.10; soft wheat pastry patent $3.40M620; Montana continues strong with hard wheat patent $5.00 $5.20; rye virtually no change In prices locally. 194.50$ $4 60. In some sections of the middle west) are about 3 ccnta a pound. Yakima watermelons are offered at 2c a pound with California melons at 8 L' OA It AM) none and east, however, the market was spotted. , . i Demand in the chicken trade holds steady with all broilers showing a relatively strong tone. Hogs are Inclined to show fractional dullness; otherwise there is virtually no change In the country killed meat market. Movement of tomatoes Is galnli. with an unusual supply being re ceived from Walla Walla. .Yellow Bantam corn Is being offered Iri suffice nt volume to establish the price around $1.00w$1.10 a sack, while other yellow stock generally Is listed around 75r("f00o a sack. For the flrat time In years local potatoes are selling above Yhilma stock. The quality of the local pro- I'OHTI.AM) I'HOJM T, PORTLAND, Ore.. Aug. 12 m Po tatoesLocal $1 orange box; Yakima Gems 75c 91-15 cental. Butter, butter fat. eggs and Jive poultry and country meats unchang ed. " K Mohulr, nuts, cascara bark, hops, onions, strawberries, wool and hay quotations unchanged. LIVKKI'OOL WHEAT LIVERPOOL. Aug. 12 (At Wheat close: Oct. 60; Dec. 60; March 60. Exchange $3.47. -( Itt'TTEKPAT SAN FRANCISCO, Aug. 12 W) Butterf at f. o. b. San Francisco 22c. MARKET NEWS OF THE DAY ! ' CUICAOO WHEAT Open Men Low Close : Kept. (..Id)...- AHiH ' Sf'-'A (new) M. M JB, '. MX, lire JS7!J JiH -10 .&r,.SBi Mn - '. mi Mti9K ' " POBTLAMI) WHEAT Open High Loa CIom Kept . Mii M M lire SUM ' .877, f .Muy 1 I -Hi ' ' : CUICAUO COUN Open IHfll Low Ob Sept ; '', .3:1 M lire,- :vty, .SMV4 mtOH .Mu- ' 3; -S'H I-OK'IXA.NI) I.IVKSTOCK PORTLAND. AU(. 12 U' Cattle 00. calves 16; quotably steady, bteors 600 000 lbs. medium 4.50r. M.00, common 12.50 r 4.50; 000-1100 lbs., medium 4.60f, WOO. common 2 50 M 60; 1100-1300 lbs. medium 4.25 u S3.7B; heifers 650-850 lbs. medium $3.60 HI 5.00. common 2.23ci 3.50. Cowa, common and medium $2.00 a (3.60, low cutter and cutter 1.00 w 2.00. Bulla (yearlings excluded) good and cholco (beef) 2.76 3.26, cutter, common and medium 11.75 ct 82.78. Vealers, (milk fed) good and choice M.50fa 5.00, medium 3.60 it $4.50, cull and common $2.00 ft $3.50. Calves 250-600 lbs. good and choice $3.60 tf $4.50, common and medium $2.00 $3.60. Hogs 360, steady: light lights and choice $4.65i$4B5, 180-200 lbs. good and choice $4.65 ft $4.85; me dium weight 200-220 lbs. good and choice $4" $4.85, 220-250 lbs. good and choice $3.856 $4.75; heavyweight 250 200 lbs. goed and choice $3.76$ $4.65. 200-350 lbs. good and choice $3.76 0 $4.65. Packing sows 276-500 lbs. me dium and good $3.00 (& $3.76. Feeders stockcrs, 70-130 lbs. good and choice $3,505) $4.00. Sheep ana iambs 400;- steady. Lambs 00 lbs. down, good and choice $4.00(, $4.25, medium $3.25 it $4.00, all weights, common $2.60 & $3.25; yearling wethers 90-110 lbs. medium to choice $I.25t. $2.75; ewes 120 lbs. medium to choice $1.00 $1.60, 120-150 lbs. medium to choice 75cfr $1.25, all weights, cull to common 5076c. REACTION HITS ""IWOULD GIVE MARKET; WEAK CLOSING TONE NEW YORK. Aug. 13 W Tne market bad It long expected shake out today, when a torrent of selling In the laat hour carried many Issues off 1 to 6 points, and a few from fl to 12. It was the first sharp set back since the summer recovery got under way. The closing tone was weak. Transfers approximated 3.600, 000 shares. Many traders had wondered at the ability of the recovery to progress so far without a technical reaction. There was no agreement In brokerage quarters on the possible effects or President Hoover's acceptance speech, opinions evidently depending on po litical tastes. The president's sup porters, however, said the speech had undoubtedly been discounted In ad vance, and the reaction was overdue.' It cost 63 Iowa poultry men an av erage of 11 cents to feed each hen 140-100 lbs. good and choice $4.00 & during June. The return was about $4.05; lightweights 100-100 lbs. good 23 cont a hen. wwmmzp raSOTi I vL- ' C"""NbL -'"'4 Ifl MAiBlulfSMiSaSHSWMSHfl THEY TASTE BET.7ER THEY'RE MILDER ! 19)2. LlGCITT t Mviu Tosacco Co, TWO girls to one man is hardly fair; but these two girls arc giving the man a piece of their mind. They are telling him, and telling him straight from the shoulder, what they know that CHESTERFIELD Cigarettes arc milder never harth or raw; that CHESTERFIELD Cigarettes taste better aud have a more pleasing aroma. CHESTERFIELDS arc eliekinji with millions. WOOL REPORT a BOSTON, Aug. 12 W) f- The Com; merclal Bulletin will say' tomorrow; : ' "There Is a distinctly stronger tone In the wool market, following a move ment estimated at close to fifty mil lion poundfl of wool of all grades and types over the past fortnight, Includ ing options whlon undoubtedly will be exercised. Wool merchants gen erally have marked prices up three to five cents a pound, clean basis, xrom the low point and the National Wool Marketing corporation has practically withdrawn Ite wool from the market by pricing lte wools about five cents above the general street level. "The manufacturing position ob viously Is much Improved and some manufacturers evidently are antici pating even greater Improvement by the size of their purchases. . . "in the west, prices have shown a tendancy to advance ever a bit ahead of the eastern market. Wool-is rapr Idly disappearing and not Infrequently has been withdrawn from the market by the holders.. '. ' . "Foreign ' markets are generally quiet but are optimistic over the out. look. ,. . !. I l:l':i "Mohair Is moderately active In a small way at steady rates." . . The Bulletin will publish the fol lowing quotations! scoured basis:.. , Oregon Pine and f. m. staple 34 36; fine and f. m. it. combing 32-33; fine and t: m. clothing 30-31; valley No. 1, 33-34. - , . MohaU-Oregon 13-14. . . . Domestic graded, first combing 24 26; second combing 22-23; third combing 17-18; fourth combing 16-16; good carding 24-26; first kid 45-60; scond kid 36-40. PORTLAND CASH PORTLAND, Ore... Aug. 21 Cash wheat: Big Bend blueatem 65c. Soft white 6314b.: - - Western white 63'Ae. ; . .. . Hard winter 53c.. ; v Northern spring 63c. ; ' , Western red 62c. , , Oats: No. 2 white 17.00.. .. . Today's car receipts: '.wheat . 100; oate 1. : . . , , . CHICAGO LIVESTOCK . : CHICAGO, Aug. 12 W) U. 3. D. A.) -. Hogs 16,000; 5 10c higher; 180-220 lbs. 5.0035.15; sows $3.40 3.86. , Cattle .1,000; steady; nothing strict, ly, choice here; best steers promising to sell around 19.00; grassy and short fed steers 4 60tj7.26; grass fat cows e2.25iviS3.25; vealers steady ts.00 7.00. " ! . ! I i Sheep. -10.000; - better grade .native lambs strong to higher; others slow, sheep steady;- native lambs $5.50 SI $8.00; throwouts $3.50 $4.00; fat ewes 1.50 41 2.25. JULY WEATHER IS BLAMED FOR DROP (Continued from Page One) a month ago. "Spring wheat and barley yield prospects have declined considerably since last month with the decline In the other crops about seasonal." Oat yield prospects dropped one bushel during July. Potatoes showed a decline In condition since last month and the yield per acre is estl mated at 110 bushels compared to 130 bushels last year. Little change is seen In hay prospects, alfalfa and all tame hay yields being estimated at 2.70 and 1.90 tons respectively. Winter wheat production In Ore gon this year Is estimated at 16.020,- 000 bu. compared to 15,362,000 bu In 1931; and 16,198.000 bu. for the five year average. Spring wheat production Is esti mated at 4,680,000 bu. for 1932; against 2.400.000 In 1931 and the 4, 656.000 6-year average. The oats yield for 1032 Is estimated at 6.690.000 bu. compared with 7,138. ooo last year and a 6-ycar average of 7.897.000 bu. Potato production Is estimated at 4.030.000 bushels this year against 5,460,000 In 1931 and a 6-year average of 4.108.000 bu. Estimated In tons, the production of alt tame hay In the stato Is 1.846. 000 for 1032. compared with 1.638,000 In 1931 and 1.692,000 for the 5-year average. . . - EACH STATE ITS CHOICE (Continued From Page One) a' return of the saloon system with Its Inevitable political and social corruption and Its organized Inter ference with other states." He said the Democratic plan for outright repeal meant a return of the saloon. He pointed to the "boot legger and speakeasy" of the present regime. "Either Intolerable" "I refuse to accept either of these destinies," h'e said. "Either Is Intol erable. - These are not the ways out." Before and after the eagerly awaited prohibition declaration , the functioning until" the "train is passed." . Defends Farm Board -He defended the form board and Its huge stabilization activities. The original purpose of the farm board was to strengthen the efforts of the farmer to establish his own farmer - owned, farmer - controlled marketing agencies." he said. "It has greatly succeeded In this purpose, even In these times of adversity." The price stabilization loons, he said, "served to stem panics In agri cultural prices snd save hundreds of thousands of farmers snd their creditors from bankruptcy." BOSTON WOOL BOSTON, Aug. 12 0B Moderote ad vances In orlces are being realized on president, dressed In serge coat and ;66-s and 48-503 grade or both fleece r. . . '. ... Arlvnnres on Advances In the grease. with strictly combing Ohio and sim ilar wools bringing 14 14, e 15Vic In the erease for 66's and 149l4!4c for the 48-50's grade. Strictly combing graded territory woo! sells at 81 a 32c scoured basis for 66's and 28-300 for 48-50's. Asking prices of some houses are above these ranges. WINNIPEG WHEAT WINNIPEG, Aug. 12 m Wheat close: Oct. 69; Dec. 6060'B; May 6414 6) 'A. Cash close wheat: No. 1, 67'4; No. 2, 64(4; No. 3. 53. white trousers, told the sweltering jand territory wools, guests ana a vast unvwu-wiuv i.u,vi..bwui b - audience Just what he stood for, what he had done and what he con templated In words he desired to be "so simple and so plain that overy man and woman who may hear or read my words . cannot misunder stand." . . Only once did he mention the Re publican party. He willingly gave credit to Democratic members of congress who helped .In enactment of the emergency reconstruction measures. He attacked the Demo cratic house under Speaker Garner, the Democratic vice presidential nominee, for some of Its economic proposals. Obviously pointing at Governor Roosevelt ' he demanded Democratlo specifications on tariff reform; supported the protective tar iff and "squarely" opposed the Demo cratic proposals of "a competitive tariff for revenue." Asks Re-election Mr. Hoover asked re-election on his record. The word "I" appeared fre quently as did the phrases "I shall persist In that" or "I shall continue to oppose that" as he ran the scale of governmental problems and poli tical Issues. He apparently sought to overlook no outstanding question ; In the 6000-word address. j "I rest the case of the Republican 1 party on the Intelligence and the.' Just discernment of the American people." he concluded. . I "Should my countrymen again ' place upon me the responsibilities of this high office, I shall carry for war dthe work of reconstruction. I shall hope long before another four, years have passed to see the world prosperous ' and at peace and every American home again In the sun- -' shine of genuine prosperity. -1 shall seek to maintain untarnished and. unweakened those fundamental traditions and principles upon which our nation wos ' founded end upon which It has grown. I shall Invite i and welcome the help of every man and woman In . the preservation of the United States for the happiness, of its people. This Is my pledge to the nation and to the almighty God." ; Representatives of the last twelve years of Republican rule surrounded the speaker whose words came Blowly and evenly as he rested his hands on a small, table beforo the micro- j phones. . ' I illumes Speculation j Mr. Hoover hammered away on the economic emergency and steps, past and contemplated, to mot It. He blamed over-optlmlsm and specula tlon In this country as the first cause of trouble and the world wide econ omic collapse resuWng from War evils as the subsequent and more de vastating cause. Of his efforts to meet the situation, he said: I "These programs, unparalleled In the history of depressions In any country and In any time, to care for distress, to provide employment, aid agriculture, to maintain tne lin- . annul stabllltv of the country, to safeguard the savings of the people. to protect their homes, are non in u nast tonfut thev arc in action. I shall propose such other measures. public and private, as may oe necco sarv from time to tlmo to meet the changing situations and to further speed economic recovery. That re covery may be slow, but we will succeed. "And como what may, I shall maintain through all these measures the sanctity of the great principles under which the republic over a period of 150 years has grown to be the greatest nation on earth." Warns Against Cancellation On foreign alfalrs. the president eyed favorably a general world econ omic conference even along lines suggested by Senator Borah, of Idaho, but he emphatically warned against war debt cancellation. He did open the door for a trade on particular annual payments In the Interests of American commerce. His direct promise to the farmer was a drive for tox reduction, nc tho most practicable relief the farmer today aside from the icrol economic recovery" some thing to alleviate the "unfair bur dens of Ipxsftlon which the cur rent readjustment In values has brought about." "With the collapse in world prices and depreciated currencies the farm er was never so dependent upon his tariff protection for recovery as he is at tho present time," said Mr. Hoover. "We shall hold to that. Wo have enacted many measures of em ergency relief to agriculture. They aro having effoct. I shall keep them These WILL Wtarl BOY8 BROWN ELK SHOES Sixes f-12 $1.39 Sizes 12H-2 Siics 2H-S' $1.79 1 J. C. Penney Co. 1807-1309 Adams Ave. La Grande, Ore. Peace Is Happiness He Is happiest, bo he king or peasant, who finds peace In hlsowa home. Goethe. n The Shake Switch Shop , ,., 220 Fir St. Special for Saturday & Sunday Pineapple, Plum, Loganberry and Fresh Strawberry Sherbet 20c Quart 2 for 35c Chocolate, Vanilla and Fresh Strawberry Ice Cream 25c Quart 2 for 45c Happy Jacks each 5c rvUofluttgomraeiry Ward & Co. Last Days ... August Sate of Blankets . . . Don't Miss These Savings! 72x84 Wool-Filled Comforter Attractively Covered with Flowered Sateen Thank the August Sale for this s p e c t a c u lar value! A luxurious, fluf fy comforter with a full 5-lb. wool batt.' Covered with lustrous floral sat een, in blue, rose, orchid, gold, green. $2.39 Aist , Year You Paid $4 .98 66x80 All Wool Blankets A fleecy, all-wool lilan ket in distinctive plaids, bound with sateen. One of the August Sale's best bargains! Soft, Fluffy Part Wool Blankets $11.69 Pair Deep - napped 66 x 80 part wool Blankets. In colored plaids, bound with sateen. Sale-priced for August.