Image provided by: University of Oregon Libraries; Eugene, OR
About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (Sept. 21, 1932)
n ' Wednesday, ScplcmKcr 21, 1932 Pasre Eight a-m ES GRANDE EVENING OBSERVER, EK GRANDE, PRE, WHEAT, COTTON AND STOCKS RALLY BRISKLY TODAY ,:;:',;,'. ! : ' ; MARKET STRONG WITH PRICES AT TOP AT CLOSING Wheat Gains Two and a Half Cents, Cotton $3; Sales of Stocks 4,000,000 Shares. : NEW YORK, Bapt. 31 Wi With ft vigor that matched Its best perform ances of the summer rally, the stock market swept buoyimtly upward to day. Net giilru of $5 to $7 and laror wore numerous la leading shares, while on the commodity exchange cotton soared more than $2.60 a bale .and wheat Jumped 2'a cents a bushel. Bales of stocks exceeded 4,000,000 shares, more than trlplo yesterday's volume. Tho market, strong from the opening, gained enormous momen tum In the last hour and closing prices were virtually at the top. Traders who had sold short on tho recent reaction found themselves badly trapped and bought their way out at swiftly advancing prices, . NtutlKtlcH I'n vomit l Bull. ah operations tippenrcd to have been resumed with ft flourish, largely on tho strength of buslncjs statistics which professionals construed as fa vorable, j Rail, steel, utility, farm Implement and chemical issues were particularly spectacular, but few Important stocks In other divisions showed galas oi less than $2. Tho ticker fell several min utes behind tho market at the close. United States Btecl Issues, recently soft, were headllnors In the buying. Tho common shares closed $8 higher at $45.50 while tho preferred sky rocketed $11 for the largest Individual gain of tho session. 'Jeleplmmi UiiIim $H.3ff American Telephone climbed $0.25 net to $110,50 and J. I. Ca&j $10 to $60, Santa Po railroad's net gain was $5.02, tho final prlcu being $67. Am erican Can shot up $7 to $67.76 and - Union Pacific $7.02 to B0. Unllod Aircraft, Coiiiolldatetl Qas of Now York, DuPont and Bethlehem Steel showed net gains of $5 or slight ly moro, while American Tobacco "B," New York Central, Westlnghouse and Liggett & Myers Tobacco "B" closed at least $4 higher. Net gains In cotton ranged from $2 .76 to $3 a bale. Closing figures for 14 of the -lead ing stocks follow: American Tele, and Tele. 110' Allied Chem, & Dye 83 Bethlehem Steel 26 John Manvillo ...... 30)4 General Motors 18 Liggett Sc Myera B 04 Montgomery Ward & Co 14 J. O. Penney Co 23s Public Service of N. J 61 Southern Pacific .'. 31 United Aircraft 33 , Union Pacific 80 United Corp 13 '4 United States Bteol 46 & WOOL MARKET B03TON, Sept. 21 .(A1) Moderate quantities of 04 'a and finer and 60 OO's territory wools are selling at prices above steady compared with last week. Holders In some cases arc willing to sell wool on a par with last prices received, and aro not hold ing for extreme advances In asking prices. Other houses, however, are not Inclined to make any concessions Irom recently advanced asking prices. OMAHA HIIKKI OMAHA, Sept. 21 m (U. S. D. A.) Sheep 10,000; steady; range lambs $4.75 ($ $5.25; native lambs $4.76; light owes $2.00. WINNIPEG WHHAT WINNIPEG, Sept. 21 (A1) Wheat close: Oct. 62ft&4; Dec. 64 ; May 50ti()60 'a. C'f.sh wheat: No. 1 northern 61; No. 2 northern 40; Ko. 3 northern 48'u. Danger in Moon's Rays It Ik sn Id that to be "moon struck" Ih on bud ns, If not worse tlinn, being HiiiiHtruck. As tho sun burns tho skin, the moon Is sup posed to dry and wear It out. Ideal Wife Ail Ideal wife is one who snvos her own vocal chords and her litis band's money, Cincinnati Knuulr- MARKET NEWS OF THE DAY I CHICAGO WIJKAT Open High Low CIom Kept, (old) 50'!4 .Ba .stft (IWW) .57 .51 .M4 tUX. ..... 53 .5514 .53 JBfcK May 55.50 -6 .00! PORTLAND WHHAT ".. . . - Open HlRh M Clos Kept.. '. ,M ' 'M AU .50 , , Dec M4 .53 .r,V4 . .53 'May .57ia .my4 . .IJ7& CUICAOO COUN , - . Open IPjfh Low CIom .. Kept. 28 4KK .28 M4 liiv 20 M .i'K,i ' May - 34 4 . .34 .3J'H'4 .3Hj Heavily Increased Produce Movement During The Week CORVALLIS, Oro., Sept. 21 W Heavily Increased produce movement in the northwest is reported In. this week's fruit and vegetable reWew is sued by the O. S. C. extension Bervlce and the government bureau of agri cultural economics. Unfortunately, the review says, prices are still so low that growers are netting little or nothing above the cost of production. Volume of carlot movement last week reached 3030 compared with an averago of about 1800 for thti preced ing four weeks. Most of the Increase was In Washington apples, Idaho prunes, Idaho and Yakima potatoes, and Oregon and Washington pears. Pear shipments reached the peak last week for the season to date with 000 cars, about equally divided be tween Oregon and Washington. North western Bartletts from storage aver aged, on eastern auctions, around $1.60 to $1.76 which leaves producers little profit. Cannery Bartletts closed strong with some lata bids at $10 to $10 per ton compared with mid-season prices of $8 'to $0. Continued dry' weather has cut tho estimated crop of fall cauliflower in half, although the samo dry weather has provided Ideal dried prune har vesting conditions. Butter Supply Increasing; No Prices Changes , . i'i PORTLAND, BepX. 21 W) , Vlth an Increased supply of butter out the market here as a result of Increased price, the situation presents a slightly easier trading tone although prices tn general are practically unchanged for both prints and cubes. While the late central Izer churning was a fraction below the total displayed last week, tho outside supplies available, here were more than sufficiently increased to make up for this shortage. This together with rather liberal withdraw als from storage, gave the trade a very considerable increase In tho sup ply. ; ..:-: Butterfat vbIucb are unchanged. Market for eggs continues to reflect strength and the surprising feature Is that demand gains as the price ascends. Slight increase in receipts is suggested with the gain principally in pullets. . . ' With local prices still seriously be low California values and with the latter still buying in this territory, chicken prices-here are practically un changed for all classes of live stuff. All through the peach trado a. bet ter demand Is showing considering tho season. The clings are now com ing in for attention Including v the Phillip and the orange. Both are firm ly priced. 1 ; ; There is a woak toa0 in the mar ket for country killed lamb but no further cut Is Indicated In rices. Hogs are continued on a steady basis with calves firm espATaHy for the better sorts, which are scarce. Indicating that the general public Is not at all Inclined to view current values on cranberries with satisfac tion, Is the fact that sales are prac tically almost too nominal to note. Values on the coast are above an eastern basis and shipping orders are absent as a result. Market for dry beans Is a trifle dull j with a tinge of weakness underlying the California and Idaho whites but reds are quoted firm. A late review of the bean trade suggests recent strength in California but weak else where, which unsettled the entire trade. . . - Limited carload business Is con firmed in the cauliflower market with the latest business appearing from the Atlantic coast. Owing to the ex treme dry weather real No. l is dif ficult to secure. Plenty of good 2s. Notes of wholesale trading: Advance orders on cocoanuts being taken at $4 sack, which Is the low est opening price known here. All citrus prices are unchanged. Dlllard cantaloupes are being held $1.00$1.10 for best with fancy Eu gene Btock mostly $1 crate. Pomegrantes are being offered $1 box. Yakima' potatoes more active but locals are scarce. t Cabbage rnarket continues to weak en. . - Pickling cucumbers again higher with conditioned Bcarclty. PORTLAND LIVESTOCK SUGAR AND FLO Hit PORTLAND, Sept. 21 P) Sugar Cane, granulated $4.60 100 lbs.; beet sugar $4.30 100 lbs. Domestic flour Selling price de livered: patent 40s $5.60; do 98s $5.30; bakers' blues tern $4.10; soft wheat pastry patent $4.40$6.20; Montana hard wheat patent $6.00 .$5.20; :rye $4.60 $4.60. PORTLAND PRODUCE PORTLAND, Sept. 21 W - Eggs Pacific - poultry producers' selling prices: fresh extras 26c; standards 23c; mediums 20c; pullets 13c. Country meats Selling price to retailers: lambs 8 a9c lb. Others unchanged. Butter, ! butterfat, live poultry un changed., . . Onions, potatoes, wool, hay, mohair, I nuts, cascara bark and hops quota- er J IPMi n v 7 (4:4 rak fe.ru. caMMWnaw,osi mfesi t isias- i , 3 . JiuJf Uostrr Mm I'mmui 1.0. LIVERPOOL WHEAT THEY'RE MILDER THEY TASTE BETTER 7"OU would Lo astonished too, if you could see tliis ntacliino that turns out 750 Cliodlorfiulds a iniiuili; . . .and every one as near perfect as cigarettes can lie made. Hut plcaso licar this in mind. It is what happens before tho tobacco goes into this machine that matters most. Ilolling mid packaging are important, lint mil nearly 11s important as the selection, Mending uud treatment of the tobacco. ' That'awhy we keep telling you about the tobaccos used in Chesterfields. They're fine, mild, nud pure tobaccos, W'o tell you about ageing and curing the tobaccos . . . about blending and cross-blending them . . . because ihey are things that count. Chesterfields are milder. They taste belter. Trove it for yourself... Just try a package. Oi'Alcric. Itatlio Yorrrmi Kvery iiilit ev crot Sllmlay.Culllmliiu cuasl-to-ixnH iSelwork. LIVERPOOL, Sept. 21 VP) Wheat cloae: Oct. 68: Dec. 67; March 681. Exchango $3.47. PORTLAND, 8ept. 21 VP) 'Cattle 76, calvee 16; generally steady. Steers 600 to 900 pounds, medium M-60 ft 6.00, common 2.60ig4.60; e 00-1100 lba. medium (4.50 $6.00, common $2.60t$4.90; 1100-1300 lba. medium $4.00 Hi $6.86; heifers 660-860 lbs. me dium $3.26 & $4.76. common $2.26 93.26. cows, common and medium $2.00 riv $3.50, low cutter and cutter $1.60r$2.00; bulla (yearlings exclud ed) good and choice (beef) $2.60 $3.00, cutter, . common and medium $1.60$2.60: vealers (milk fed) good and choice $0.00$6.50, medium $4.60 $e.U0, cull and common $3.00g $4.r Calves 260-600 lbs. good and choice $4.60 $6.00, common and medium $2.00 1a $4.50. Hogs 400; steady. Light lights 140 to 160 pounds good and choice $4,263 $6.00: lightweights 160-180 lbs. good and choice $4.76 e $6.00, 180-200 lbs. good and choice $4.76 $5.00; medium weight 200-220 lbs. good and choice $4.26 et $5.00, 220-250 lbs. good nnd choice $4.00(i$4.85; heavyweights 260-200 lbs. good and choice $3.86 a $4.75; 200-350 lbs. good and choice 3.60ia $4.60; packing sows 275-500 lbs. medium and good $3.00ia$3.75; feed-' era and stockers 70-130 lbs. good and choice $4.00 (Q $4.50. Sheep and lambs 200; slow. 00 lbs. down, good and choice $4.25-$4.60, me dium $3.60-$4.25, all weights, common $2.50fi $3.50; yearling wethers 90-110. lbs. medium to choice $1.25$2.85; ewes 120 lbs. medium to choice $1.00 & $1.25. 120-150 lbs. medium to' choice 76c (Q) $1.00, all weights, cull to common 50 75c. CHICAGO LIVESTOCK CHICAGO, Sept. 21 VP) (U. 8. D, A.) Hogs 16,000; active, steady, spots weak to 10c lower; 130-220 lbs. $4.50 $4.60. Cattle 10,000; choice fed weighty steers about Bteady; other grades slow, tending around 26a lower; vealers weak to 26c lower; top fed weighty steers $10.35, few $D.60fft$10.10; heif ers $8.26; beef cows $3.60 down; veal ers SO.OOJi $7.00. Sheep 16.000; steady to strong; choice natives 70-85 lbs. $6.00$5.50: native throwouts $3.50 (in $4.00; slaughter ewes $1.50$2.00. . . 1'OHTLAND CASH PORTLAND. Ore., Sept. 21 VP) Cosh wheat: Big Bend bluestem 59c. Soft white 51c. Western white 60c. Hard winter softc. Northern spring 60c. Western red 49c' Oats: No. 2 white $17.00. ' : Today's car receipts: wheat .46; flour -8; corn 1; oats 4; hay 1.. BUTTERFAT SAN FRANCISCO, Sept. 21 VP) Butterfat f. o. b. San Pranclsc6-22c. Everything DIFFERENT! Everything NEW! One Hundred New Fall FR O CK S Ml Be your Smartest Self! r-rich, rich fab 'ics and glowing olors go r geo us ieevei and tricky mttons and flattering mei you'll adore FIRST FASHIONS at a low price I La Grande, Ore. It keeps you out of the kitchen this modern miracle way of cooking The new exclusive features of the General Electric RANGE will be demonstrated at the Observer Kitchen Chautauqua By Miss Alice Gray September 22 & 23 Eastern Oregon Light & Power Company x "Alway 8 at Your Service" Hotpo'mt Hi-Soced Calrod Holpoint Automatic Timer Hotpoint Thermometer and Heat Control $10 Down 18 MONTHS TO PAY I
