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.
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