Page Eight
LA GRANDE EVENING OBSERVER, EX GRANDE, OREL '
32 J
Friday, August 26, 1932
Extreme Weakness Shows in Oregon
PRICES LOWER IN
PORTLAND DUE TO
iHEAVY OFFERINGS
Butter Situation Improves
I Slightly; Eggs More or
I Less Steady; Quality
; Grapes Arrive.
. PORTLAND, Ore., Aug.' 38 W) "
Extreme weakness U showing In the
Portland market for peaches with
continued Increase of offerings from
various . northwest sections. Prices
are lower, especially for Willamette
valley offerings,
-.Conditions within the butter trade
are without general price change for
today with conditions seemingly a
trifle Improved as a result of the late
price cut.
'Butter sales are now showing fairly
steady at the price spread generally
qlioted by the produce exchange.
California markets have righted
themselves after the late cut which
Whs forced by a break of 9s lb. in
the Los Angeles price..
Make of butter continues to de
crease In practically all sections of
the coast and the country. It has
npt been the fresh stock which has
hurt the trade and price, but the de
sire of speculative Interests to cash
lfi on their ice house goods. They
pushed these sales and left the fresh
churning to take care of Itself.
i Conditions within the egg market
are more or less of steady character
lure although outsiders continue to
load up restaurants and hotels with
much undergrade stuff.
.Despite the latest cards Issued by
come . f . o. b. buyers, the price of
chickens at Portland is snowing
late advance. Buyers with breaches
are trying to hold values down hero
so that the stock will flow Into their
country plants. There Is a demand
for everything coming,
f Blight Increase In the movement of
turkeys is suggested by leaders of the
tfade here, especially old hens. Prices
are unchanged.
Cheese market here Is strong at the
Site advance of lc quoted by the
Tillamook association, There appears
a steady tone In leading markets of
the country.
8omo rather good quality Tokay
grapes Bre now arriving out of the
Antlock section of California. Priced
nominally 6160 lug.
Report was ourrent In the trado
that a Portland canner had taken a
small block of Hood River Baftlet
pears from the; association at 618 a
ton. , This Is by far the beet, price
reported. Pear, offorlnge hers continue
weak and sluggish., .' ,.. , .,
Notes of wholesale trading: ,'
Cabbage market Is a trifle easier.
Local potatoes are steady; Yakima
weak. ' i
'i Onion market la very slow.
Cantaloupes are steady to a trifle
better as to demand and In spots as
to price,', - , ..,
i Apple trading Is neglected, with
other fruits so cheap, ,
;! Tomatoes are steady for best' but
soft for others. .
::-.'.( WOOL MARKET ,
BOSTON. Aug, 38 HP) The Com
mercial bulletin will say tomorrow:
!"Wool yaluos have continued to
rise during the past week on a good
volume of business done. It Is esti
mated there have been sold In Bos
ton alone since the , first of this
month very close to 75 million pounds
of wool, Including old and now wools
or all grades and types. Values under
the tremendous buying pressure hevo
risen Just about 35 per cent on tl.
average, from the low point, In con
sequence of which prices have been
merited up a further 314 cents, clean
basis, by some of the largest holders.
"In tho west, values have risen as
fast, or slightly faster than In Bos
ton and not a few wools In the hands
of growers or nsnkers are now held
above the market parity and so are
not being sold.
. "Foreign markets koep very atendy
in spite of the holiday soason over
seas. .
, "Mohair continues to movo moder
atoly. at steady rates."
Tho .Bulletin will publish tho fol
lowing quotations:,
' Oregon: Pine and f. m. staple 30-sO;
flno and t. m. Fr. combing 36-38: fine
andf. m. clothing 33-35: valley num
ber 1, 38-38.
Oregon 13-14; domestic graded, first
combing 34-35; second combing 33-33:
third combing 17-18; fourth combing
15-18; good carding 34-35; first kid
46-50: second kid 35-40.
For Summer Reading
Popular 75c Editions
Grand Hotel Vici Baum ,
The Red Napoleon Floyd Gibbon - ;,; -
High Fences Grace E. Richmond ' ' -
Scarlet Sister Mary Julia rctcrkhv '
With Malice Toward None Honore W, Morrow
The Lucky Lawrences Kathleen Norris '
The Years That Tako The Best Away Barbara Noblo
'Arrowsniith Sinclair Lewis
The Cabin at Tho Trail's End Shoba Hargreavcs
24 Hours Louis Bromficld
Silver Slippers Templo Bailey
War Birds Diary of an Unknown Soldier
Dracula Bram Stoker , 1 ; ,
We Charles Lindbcrg
Tarzan at the Earths Core Edgar Rico Burroughs
La Grande Book & Stationery Co.
"Service Station for Home and Office"
1114 AdiiuiH Ave. Main 90
: MARKET NEWS OF THE DAY :
caicAoowiUAX
' Osea Blgb, ' Lew . . Close
Sept, (old) MVi9H 1 ". M JtlXOM
(new) KHf'K t &JS , MH MH
Bee - 85J4.66!4 i MY, . ; .55 .' MA
May .00 01 .-
.. POBTLAKD WHIAf ,
Opesi trllb. . Lea - Close
54 . ... : ; ..J,4,.,tr .53(4 . .53V4
. 50T4 S ' v;M.......,M . .. Mti
.80'4 ,'.fl0J4 : ,M , ,.,58H
Kept.
Dec.
May
i- : CHICAGO
Ofea
.soft ; ;
MK '
. .1
Kept. .
Dec.
May
: PORTLAND LIVESTOCK
PORTLAND, Aug. 30 ( Cattle 25,'
calves 40. quiet but steady. Steers
800-900 lbs. medium 4.0d a 66.86,'
common (3.36 w M 00; 600-1100 lbs,,'
medium 64.00a 64.86, common 3.359
84.00; 1100-1300 lbs. medium 63.766
85.76: heifers 658-860 lbs. . medium
3.0084.76, common 82.00 63.00.
Cows, common and medium 81.75 Q
83.40, low cutter and cutter 81.00 9
81.76; bulls yearlings deluded, good
and choice (beef) 83.76ij8S.a6, butter,
common and medium 81 .76 a 83.76;
vealera (milk fed) good and choice
M.60e6.oo, medium 8340 a 84.60,
cull and common 83.00WI3.50; calves
350-600 lbs. good and choice 83 60 a
$4.50, common and medium' 82.00
$3.60.
Hogs .360, barely steady to weak, light
lights 140-190 lbs. good and choice M
84.76.' 180-180 ids. good .and choice
84.50 e 84.76,
180-300 lbs. good and;
choice 84.60it4.76; medium, weight
330-350 lbs. good and choice 83,76
84.80;' heavyweights 280-360 lbs, good
and choice 63.609 64.36; ..'packing
Boa's, 376-600 lbs., medium" 'and good
$3.00 g $3.75; feeders-stockers 70-130
lbs. good and choice 83.6084.25.
Sheep and' lambs ' 1400 '-steady.
Lambs 00 ' pounds down,- good and
choice 84.36 0 84 60, medium 83.60
84.25, all weights, common $3 50
83.60; yearling wethers 80-110
lbs. medium to choice 61.36 9 83.76,
Uwes 130 lbs. medium to choice $1.00
O I1.60, 130-160 lbs. medium to choice
70c 4j $1.25. all weights, cut! to com -
mon fi 0 7 6c.
British Columbia
Mills Increasing ;
v Lumber Exports
SEATTLE, "auk.': 36. W)' The .West
Coast , Lumbermen's , association 're-;
ported too ay uiat .ior tne l)reu tune
In .the history of the Paelllo northi
west lumber Industry, British. Cohim
bla mills, during the month of July,
shipped more lumber, foreign. couni
tries than did tne .combined mills of
Oregon and Washington. .British Ooi
iumbia shipped 43,400,000 .feet or 69.8
por cent of the total of 73,800,000
feet.;., ,,. ... .a-'.:--:-
In the paat . Washington has ao-
cpunted for more than halt (he exf
port lumber trade of the area, with
Oregon second . and British Columbia
third. .. ... ". . . ',. -
In July Washington' shipped 37.7
per cent or 30,300,000 feet, and Oyer
gon )3.6 .per cent, or B ,200,000 feet.
Australia and the united Kingdom1,
representing two marketa now almost
closed to ' Washtngtor). and ' Oregon
mills, duo to preferential trade agree
ments with Canada, took 83,800,000
foot of tho amount shipped by British
Columbia.
That province, however, shipped
only 45,000 feet to the Atlantic, coast
and California by water' in July,
while in May, British Columbia sent
7,000,000 feet to the two American
water markets. The loss is attributed
to the new tariff of 84 a thousand
feot.-
During the first eeven months oT
1033, water shipments of lumber from
Oregon, Washington . and British
Columbia showed a loss of 40.4 per
cont compared with the same period
in 1031. ' 1
PORTLAND CASH
PORTLAND. Ore., Aug. 96 Wl Cash
wheat: Big Bond blUcotem 68Rc.
Soft white 63c.
Western white B3q, , ',
Hard winter 630.
Northern spring 63(46.
Western red 61V4o.
Oats: No. a white 611.00.
Today's car rocclpta: wheat
flour 0.
141;
,VL... -JWf,. '
CO , , .,
Low '
T", ''
JHW
.32'.
.36 94'
'Heavy Offerings
'' Overwhelm East
i Side Mart Today
...PORTLAND, Aug. 36 VP) East side
ffarmers' .wholesale market was over
whelmed with offerings from all di
rections today. The aupply from vari
ous northwest and California points
was entirely too liberal for. the trade
to function properly and low prices
generally resulted. Along The Dailcs-Oellfornla-Yaklma
highway division
of the market the overabundance of
offerings -was especially noticeable
with, heavy offerings continued from
the Puget Sound section. . -..
Peaches continue the chief topic
both- as regards volume of offerings
and Interest. Sales showed a general
top. of 46o for even' the larger .J. H.
Hale although a few. selections of
these and Crawforda moved at a half
dollar. Willamette valley peaches were
In abundance with quality fair to
very good and very poor. Sales showed
, spread of 30i36o with the bulk
around 80g 36o box. A few Mulrs
came from The Dalles and were of
good quality but there were too few
to establish price. Dalles Elbertas
and Crawfords moved generally 30
40c. box.. A few Tuscan clings were
'also offered and ' priced 46c box. .
. Tomatoes, were weak but showed
practically no change with a spread of
20036c generally. A- few Dlllards were
'quoted to 60o with slow movement.
j Cantaloupe market was a trifle bet.
tcr In spots with The Dalles Hales
best around 85ft75o In 1 limited way
and Hearts of Oold nominally 80c fl
61.00. . '
Stock Market In
' Bullish Control
r'NBW YORK, Aug. 36 (PI An ab
rupt reversal sent the stock market
Up swiftly lata today; after a slow de
cllne'had carried many Issues off 1
to '4' points: Some leaders registered
extreme ' gains of a to more than 3
(Mints late, although - there i was
slight sag Just before the close. - The
late-tone ' was- strong. Transfers ap
proximated 3,000,000 shares, .!'
.,The selling, In part a continuation
pt the- movement iate yesterday, dried
up 'in-'the-afternoon, which encour
aged a, fresh bull drive, - The Inter-
bor6ugh rapid transit receivership
had only a temporarily dampening ef
fect upon sentiment, and.' several
quarters were optimistic over tho
probable results of the' economic con
ference in Washington.
LIVERPOOL WHEAT
. LIVBnPOOU Aug. 30 lP) Wheat
close: Oct. 66: Dec. 68U; March
67. Exchange 6a.48.
SILVER
NEW YORK, Aug. 38 OT Bar all
ver Wo higher at 28o.
WOOL PURCHASE CONFIRMED
PORTLAND, Aug. 38 OT Confirma
tion of the purohass last week of
more than 600,000 pounds of wool
held by Individual growers In Lako
county by Kallowoll. Jones & Don
ald of Boston, was had horo last night.
The.prlco Is said to have ranged from
9. to. 10 cents a pound net to the
grower. . ,
- This sale wss the second largo one
from Lake county In the past few
days, the one million pound Lakevlew
pool sale having been previously ro
ported. : . ,
. I IIICA(H) LIVESTOCK
'OHICAOO, Aug. 30 OT (U. 8. D.
A.) Hogs 17.000; moderately active,
steady to 6c higher; 180-330 lbs. 64.73
064.00. ;
Cattle a.000; active, firm on steers
with grain-fed offerings strong; bull
ocks 60.76 g 69.88; she stock firm to
16o higher; most fat cows 63.oo ?r
83.76; veslera 36 cents or more higher;
I7.CKMS7.50.
' Sheep 14.000: steady; desirable na
tive lambs 66.00(66 00; native throw-
outs 63.60 64.00; slaughter ewes 61.78
fl 63 36.
I'i ' Sl'OAR AM) FLOUR
. PORTLAND, Aug. 36 W Sugar
cane, granulsted 64.66 100 lbs.; beet
sugar 64 30 100 lbs.
Domestic flour Selling price de
livered: patent 49s 66 80; do 98s 66.30:
bakers' bluestem 64.10: soft wheat
pastry patent 83.40 68.30; Montana
hard wheat patent 66.000 66.30; rye
t 50 64 60. ;
; PORTLAND PRODUCE
PORTLAND, Aug. 36 OT Hops
'Nominal, 1931. tlVi 13o lb.; con
tracts 1933. 13a lb.
Butter, butterfat, eggs and live
poultry, country meats unchanged.
Mohair, nut, cascara bark, onions,
potatoes, strawberries, wool and hay
quotatlons unchanged.
OMAHA 8IIKEP
OMAHA. Aug. 38 OT (O. 8. D. A.)
Sheep 8.600; steady: sorted native
and range lambs 86.00 t 66.36; ted
clipped lambs 64 80(j
Peach Mart
Meier Is Peeved
At Row Between
Holman, Einzig
PORTLAND, Ore., Aug. 36 UP)
Plainly Irritated by the flare-up and
controversy between Rufus Holman,
state treasurer, and William Elnzlg,
state purchasing agent, . Oovernor
Julius L. Meier today indicated he
would resist any effort to remove
Elnzlg, who, like Holman, Is one of
his appointees.
Holman demanded that Elnzlg be
removed from office, following a
quarrel the two had.
'.'For the moment I have nothing
to say, but when the proper time
comes, l win nave a statement to
make," the governor aald today.
Asked if he were going to see Hol
man he said "I haven't any business
with him."
Oovernor Meier conferred here to
day with his secretary, Mrs. Beatrice
Walton Sackett, and Keury M. Han
sen, state budget commissioner.
The governor did not aay when he
would be In Salem or what his next
step would be in the Holman-Elnzlg
controversy.
GOLD MINING IS
REVIVING; PLASS
MAKES BIG STRIKE
"'The assays sent out. Were they
as discouraging as hinted?' asked the
curious reported. 'Discouraging,' al
most snorted Plaas, 'They were any
thing but I They revealed findings
from 66 to 63500 a ton.'
" 'Will this last,' I asked, 'or Is. It
Just a flash In the pan?'
'"I've traced this same ledge over
six miles to tne southwest and near.
,lv ml'8 northeast. Our shaft is 85
,wt dMP an1 we're still In the ore.
j The deeper we go the richer wo think
I"'11 "nd ur assays were taken
from 38 feet below the surface. To a
rrUn" that Is like picking it off the
t0D ot the ground I What'll it bo
. ouw" uep"'
"'Have you any outside offers for
your mine?'
"'Yes,' Plass said. And In confi
dence he told me of the offer of one
company that was made providing
they could show the present ledge
went 100 feet down. The amount he
whispered as If the very sides of Sun
set mine might hear, made me blink,
gulp and reach for support against
tho Jagged quartz wall. Fairy tales?
Without a doubt It sounded like one.
Another sccrot for the future to ro
veal. ' "Present plans call for private de
velopment for a time. More than ano
'":re" i,?0" olther boUBht or loa'ei1'
17 months Plsss and 'Craig have been
working on this prospect, meeting
many hardships, but fighting away
a silent, lone and courageous battle.
"Plass and Craig, and Mrs. plass'
mother own half Interest in, the
mine. , . . Plass and Craig canio
hero Mar. S, 1031, In May of that yaar
Mrs. Plass' father, A. F. Blckfortlr
rived. He brought them financial as
sistance when they needed It to tide
them over another disheartening
period. Then Mr. Blckford died. In
Decomber. Still Plass and Craig kept
up the fight. Then last month they
finally made their strike,
'"If half of what Plass believes' Is
true about his mine, this part of the
country should be due. for a great
mining boom." , ..
LABOR SUPPORTS '
DAIRY INDUSTRY;
FOR 5-DAY WEEK
(Continued from Page One)
enfng of hours of government em
ployes. Favors R. F. C. Lonn
Payment of wages on state bridge
work at prevailing scales and at not
less than 76 cents an hour for mon
handling mechanical tools, wad fa
vored, and tho federation urged the
at a to to take Immediate steps to bor
row money from the reconstruction
finance corporation for the building
of five timber bridges on tho-Oregon I
coast nignway.
Another resolution opposed legisla
tion Which Wmilrl twltir-o thn wsm
-""Fu 1
and living standards of postal work
ers.
In connection with civil service the
federation approved the lending) of as
sistance to any movements designed
to extend civil service protection to
public employes. This resolution, It
wns said, was designed to protect
public employes agninst "selfish ln
toreata in MMItnomah county."
Alex Barry, state department com
mander of the American Legion, was
rcpreiicnted by Major George K. Sandy
of Portland, who urged labor to con
sider the plan of legislation calling
ie vwiiauiii.tuii ui I'npivai ano in
dustry, aa well as man power, In
event of war.
ROOSEVELT ASKS
FOR DONATIONS
(Continued from Pago One)
lowed a complicated Rcncologtcal dis
cussion touching on cousins.
"Somo people call first cousins,
cousins." the governor broke In. "Oth
ers ssll firth cousins, cousins aa X
do."
Mr. Roosevelt Is a fifth cousin of
the late "T. R." .
Open Bids Today
On Ukiah Highway
POlm.AND, Ore., Aug. 38 OT
I. L. Younn, IVirtlrflm cotrartor.
was low bidder today at 667.956 for
the surfacing of the Uklah-Dale sec
tion of the Pendleton-John Day
highway. Seventeen contractors sub
mitted bids which were called by
the federal bureau of public roads.
The project Is 18.4 miles long.
Clsrence Young. Oakland. Cel..
contractor, with a bid of 673.067.
was low tor the grading el t 34
mile section of the Tiller-Trail road
In Douglas county. Twenty-one con
tractors competed, . i: I . I
STATES PLAN
.-"FOR RETURN" ,
TO NORMALCY
(Continued from Page One)
effort on the economic front."
Beside the president on the plat
form of the commerce department
auditorium platform were Secretary
Mills and Owen D. Young, New York
financier and Democrat, who have
worked out a program designed to
aid In carrying out the plan for new
Jobs and credit.
Business Leaders Applaud
Henry M. Robinson, of Los Angeles,
introduced Mr. Hoover. The gen
erals of American business listened
Intently and applauded at the fin
ish. Mills then outlined the program
ot action. Including a plan for crea
tion of a central business commit
tee to direct united action by the
twelve banking and Industrial com-.
ml t tees of the nation. -' , .
The secretary of the treasury em
phasized the central committee was
not to be an economic council direct
ing the economlo policies ot the na
tion but rather an organization to
bring about cooperation between the
government and private business.
Then, one by one the heads of the
government agencies directly Involved
in the new economlo drive for Jobs
and credit spoke to the meeting in
cluding such financial and business
leaders as Myron Taylor, of the United
States Steel corporation; Daniel Wil-
lard, of the railroad woria; Edsel
Ford, Detroit automobile manufac
turer, and Melvln Traylor, Chicago
banker.
Atlee Pomerene told of the hopes
and purposes of the glgantto recon
struction finance corporation, '
Tne cnier executive set as the aim
oC the national .conference a co-or
dination, of governmental and pri
vate activities, so as to '.enable a di
rected attack against depressing fac
tors along tne entire economic front.
Out of executive meetings between
business leaders and administration
ohlef tains here yesterday, there
emerged a proposal for today's con
ference looking toward creation of a
contral contact group to co-ordinate
private and governmental activities.
Huspend Foreclosures
In a speech delivered at the ses
sion opened by the president. Frank
lin W. Fort, chairman of the fed
eral home : loan bank system, an
nounced that the national bank re
ceivers had been Instructed to sus
pend foreclosure proceedings for 60
days.
In hla Dlea for snreadinir avallRhu
joos, tne president, who presided over
the meeting, said:
As a matter of national policy, the
B.iu.Lciiing ui nours is necessary not
alone to meet the need of the mo-
ment, hut it may be; necessary to
tako up the slacken the future f rom
the Vast and sudden advance in labor
the vast and sudden advance in labor
saving (devices." : . , . ... ., ,... ....'' '... ,
t Nevertheless, Mr. Hoover stated he
did not believe that. the direction of
such
. .l , . ..,
job snaring systems as. live,
tour and three day weeks, along with
mir urlth
PER
ROLL
RESISTING ASPHALT INSURE DURABILITY. yZJ2M
EASILY APPLIED. LARGE HEAD GALVANIZED ymwy6mA
NAILS, CEMENT AND INSTRUCTIONS INCLUDED. sW,
A . .UTILITY BOOFIHGIllll
shorter shifts, were properly the
function, of government."
' up To Business Men .
He suggested that the business
leaders themselves Inaugurate a drive
to apread work. ' i
In his suggestions for better dis
tribution of credit, the president as
serted that despite Its availability,
its use was not now properly directed.
"Credit Is available," he said, "but
In many sections it is flowing inade
quately In directions which would
stimulate consumption of goods and
employment. It needs resolution to
use our banking and governmental
resources and co-ordination to make
them effective. i .
"There can be no question that
there are in certain sections large
numbers . of businesses, particularly
small business, which have been un
able to find the credit facilities to
buy raw material and to employ la
bor on goods which they can sell." -
The president found every seat In
the conference room filled when he
arrived. Aa he walked down the long
aisle he was stopped and greeted
frequently by friends. .
Blx-Polnt Program
Six specific endeavorB' for promot
ing economlo Improvement coordin
ated by a central committee of busi
ness chieftains were recommended to
the conference by Secretary Mills.
He told the assembled banking and
industrial committee ot the twelve
federal reserve districts that this pro
gram had been presented to their
chairmen in yesterday's all-day meet
ing and believed "worthy of consid
eration" by the conference.
"We are not setting up an economic
council to endeavor to direct the eco
nomlo policies of the country," the
treasury secretary assured the gath
ering.
'We are creating a central organ
ization ' for the purpose of contact
and cooperation to assist la the task
to be performed by the reconstruc
tion finance corporation, federal re
serve banking system, the home loan
banks, the banking and Industrial
committee and such voluntary groups
as may associate themselves with the
latter with a view to developing help
ful steps looking to gradual economlo
rehabilitation and more immediately
an Increase in employment."
" ' Program Outlined ' '
The slx-polut program of business,
industrial and agricultural endeavors
was outlined by Mills as follows:
1. The problem of making avail
able credit affirmatively useful to
business;'
"2. To Increase employment by the
J4l. , . . . '""'
through exoanBlon of maintenance of
' Ml1inmnt h.u
equipment in cooperation with the
interstate commerce commission and
the reconstruction finance cornora.
uon;
"3
increased employment through
the sharing work movement;
. "4.. The stimulation of tho ' repair
nnri Imnrnmmont nf hnrnn nnvMwnt-
and Improvement of home movement:
: -6. Assistance ' to ' home owners
with maturing mortgages;- :!'.
f "o. Active coooeration of all bank -
' .- .
ing .and Industrial committees with
thA rrkn tt v-iint I rn ftnanriA mrnnra -
the reconstruction finance - corpora -
' ATLAS ROOFING .
Medium Wt., 45 lb ..$1.65
Heavy Wt 55 lb.... $2.42
Ex. Heavy Wt 65 lb $2.79
RADIO, HEAVY AND EXTRA HEAVY ATLAS ROOFING
IS APPROVED BY UNDERWRITERS' LABORATORIES
No Pshrt M.d
uonser. -over.
Gsllon
A Good Selection of Colors
for Trimming, quart
tlon in working out the problems In
cident to the making of sclf-llquldat-Ing
loans for public and, seml-pub-llo
projeots, and for alum clearance
and housing projects as provided in
the emergency relief act; in the aid
ing of livestock loans by the rccom
structlon finance corporation and ag
ricultural credit corporations; In as
sisting the establishment of agricul
tural credit corporations provided for
In the relief act and in facilitating
the adequate functioning of tho new
home loan banks."
Mills said that since first discus
sions of a central clearing house or
ganization and a definite plan for
business and employment better
ment, progress already has been
made.
Fort, Bpcaklng a little later, ap
pealed for support in putting Into
operation the new home loan bank
ing system which he promised to be
a going function by October 15 with
6134,000,000 available for home build
ers and ownerB.
Paul Bestor, commiasloner of the
farm loan board, said the board had
been assured by the federal land
banks that they have ample funds
for loaning purposes and that . It .is
their policy to accept all eligible
and desirable loans offered through
solvent national farm loan associa
tions. - Eugene Meyer, governor of the fed
eral reserve board, gave assurances
that the federal reserve system stood
ready to. meet the needs of Ameri
can commerce,. Industry and agricul
ture. Meyer said the Class-Uteagall bill
had been a vital factor In easing tho
conditions in American banking cir
cles. y ' v-
Owen b. Young told tho confer
ence the prime purpose of co-ordinated
drive 'of business and govern
ment was to make more Jobs.
:As chairman of the first of the
banking and Industrial committees
farmed last spring to bring together
the forces of economic attack. Young
related In detail the organization of
that committee.
Supt. Martin Will ' i
; Speak at Meeting
When the union Sunday schools of
the county meet Sunday for their an
nual gathering at the Plea6ant Grove
grange hall, Rev. E. R. Martin, dis
trict superintendent of the American
Rilnri,. ,,h,l .nn nf Dn.tlnnH will
K. ' .. k
Inounced. Miwlc- and speaking has
.
arranges lor tne aay, tne pro-
gram opening at 10:30 In the morn
ing and lasting until 4 o'clock In the
afternoon.
I -. The children's division of the pro-
1 ...
. aooa Whlqh the public Is Invited.
! . '
The University of Iowa football
team's trip east this fall to play
' '.Geo??0. Washington ... university--will
De tneir nmt tr n -Mst nr thn aii.
-hem .i thZ S irtm-,.1
'" it- i - . , T
" Yale.
, RADIO SUPER
85 lbs. per roll
Choice of Red or Green
Covers 100 sq.ft. with 2-in.
CERTFIED THE HIGHEST QUALITY
Zinc-ite House Paint
Sve You Up To On Dollar Per Gallon
Will (1) Go Further, (i) Spre.d E.,ir,
w .q. it. rer u.llon, I wo tosh.
7ou Save Up to Oae DolUr or MORE
Greater Coverage than lead and
Oil Paints in 5 gal. cans, gal
Covers 100 Square Feet two
coats Gallon can
Boys t .The Sweater Buy
of the Season!
Worsted-Face
SLIPOVERS
98'
Soft, warm,
smart I'. Jac-quard-knit,
too
... in fast plain
solid colors and
fancy trims.
ft tutor f. n
and UV Ntcis
J. C. Penney Co.
1807-1309 Adams Ave.
j La Grande, Ore.
National Guard
Cost Reduction
To Be Discussed
SALEM, Aug. 26 VPi A confer
ence of war department officials with
adjutant generals of the eight states
of the ninth corps military area will
be held at Portland Sept. 11 and 13,
It waB announced here today by Gen
eral Oeorgc A. White, commander ot
the national guard In the northwest
states, who called tho conference at
the request of the war department. !
Practical means of reducing the
national guard budget, without inter!
ferlng with baslo training require
ments, will bo the principal topic dis
cussed, at the conference, General
White Indicated.. Proposals for rcdUc.
Ing ammunition costs, building pro
jects at camp sites, and other activi
ties that will entail a total Bavlng
this year of approximately. 63,000,000
have been proposed. General White
said the reduction had his support
In accord with the war department
plan, and he said he believed full
approval would be reflected by all of
the eight, states represented at the
conference with General- Leach. No
reduction of the fifteen-day field
training, pay tables, or armory drills
Is intended.
AUSTRALIA LIMITS JOSSES
ADBLAIDE, Australia (PI San-
friolunwl tli v1lnw nrnmnMc timber
ir0m which tho Chinese make Joss;
8tlck5 to burn before their altars,
h. , , m creatlv that
- i
:Australia Is restricting the output;
i- !.... i.A .timnlAfn Vilrlsi. for It-..
SLATE ROOFING
lap
$2.92
(3) Look Fin.,, or (4) Lart
Twenty three Color.. You Uie
on Every Gsllon.
74c
$2.49
$2.59