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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (July 25, 1933)
Tuesday, July 25, 1933 LA GRANDE EVENING OBSERVER. LA GRANDE. ORE. PageTKree STOCK EXCHANGE TO OPERATE ON 3-HOUR SCHEDULE : NEW YORK, July 28 UP) The, New York etock exchange, following' the dose of today's abbreviated ses sion, announced that, until further notice, the trading hours on the ex change would be from 11 a. m. to a p. m., and that no session would be held next Saturday. , ' The market started out on a speedy ' sprint In today's abbreviated session, but ran out of breath later in at tempting to surmount some profit taking and liquidating hurdles. Early gains of 1 to 4 or more points were replaced by equivalent losses and the dose was heavy. Transfers approxi mated 3,600,000 shares. - Closing figures included: Air Reduo 88 "4 ' Al. chem. and Dye 116 American Can . 85 - American T. and T. ..... 12a Bethlehem Steel . 36 J. I, Case - 65 Col. Q. and B .. 20 Continental Can 504 General Motors ....... 28)4 Johns Manvlllo 43 Ijlbbey-O.-Ford . 26 ' : Liggett and Myers B 88 ' Montgomery -Ward ... 21 National Distill 71 J. C. Penney .-. 40 Pub. Ser. of N. J 47 Southern Pacific 27 St. Oil of Col :. 36 V, St. Oil of N. J - 36 Union Paclflo 11414 United Aircraft I 32 United Corporation 10!4 . U. S. Indus. Alcohol 4814 U. S. Steel 54 i iniiniv i noun Taking Charge Of Cards Today ' ST. LOUIS, July 25 ijP) Frankle ' FrlBCh. one of the few collegians to Jump directly from- college campus Into big - league baseball and stick, will make his debut as manager of ilio St. Louis Cardinals today against ' the Cincinnati Reds. t ' : The Fordhom flash was named pilot j of the Redblrds yesterday, succeeding 1' Charles B. "Gabby" Street, who had t been at the helm pf the Cardinals since 1930. . : f. Although eight games behind the i league-leading New York Giants, c .Prlsch was somewhat optimistic k : about St. Louis' chances. "If we can get the winning spirit," . he said, "we may be up there on top ' in October." i Meanwhile a feeling existed, the Globe-Democrat today said, that the 9 next man to leave the Cardinals would be Rogers Hornsby. JOB JUDGE RFXEASED ' 11 JU W X IXVCV, U ll I "v. w-Brooklyh dodgers -of tne national . baseball league announced today the unconditional release of Joe Judge, " veteran first baseman who was sign ed this spring by the Brooklyn team . after 17 years with the Washington ' Americans. Judge was spiked a few days after he Joined the Dodgers and has played i little since that time, and a few weeks ago the club acquired Sam Leslie, a first baseman, from the New York Giants. GRAIN MARTS LIMIT TRADE BY AGREEMENT (Gvatlnuea liom Page One! reduction of the holdings of futures of any trader to a maximum volume, probably from 2,000.000 to 5,000,000 bushels, the exact figure to be deter mined later after exchanges have sur veyed the situation. The third provision calls for In creasing margins of traders. In this . Instance the exact figure was left undetermined and probably none will be fixed. Rules of the exchanges now require that brokers Insist upon "adequate margins" from traders. Administrators took the position that higher margins should be em ployed In order to prevent a sudden Increase in margin requirements and a depressing effect on prices. The fourth "reform" demanded by exchange representatives will be the elimination of trading In both week ly and dally indemnities. This has - already been suspended by. the Chi cago board and other exchanges as a result of Insistence by farm admin istrators ond the grain future admin istration. Since Thursday, limits on dally fluctuations to eight cents a bushel on wheat, five cents on corn and three cents on oats have been em ployed! under a special rule of the exchanges. Administrators Informed Peter B. Carey, president of the Chicago board of trade, that President Roosevelt regarded eight cents as too large a margin of fluctuation. LA GRANDE J J RETAIL MARKETS Sugar Granulated, 10O-lb. sack 5.85 Berry, 100-lb. sock W.70 HuRKET NEWS OF JHE DAY I CHICAGO WHEAT Open , High Low Close . July . . . ,9o .tt-4 ,0 .8114 Sept. ) .oil 54 Dec. .HU0.U7 J)H .7.U7(4 May 1.0OV41.01 1.0334 1.00 l.oivi 11 CHICAGO CORN i , July . AVi - SUJi A9 Sept, .53 MM " .63 ,5374 .54 Deo .57! .0J4 .574 .58(4 May .....03 .06 .03 .64MiV4 PORTLAND WHEAT Open High ' Low' Close July .70 -, .74 .70 .74 Sept. .72 .75 .72 .75 Dec. 77 .7V4 - .77 .7814 Klamath Strike Is Spreading Today ' Continued rrom Page One) request of local officers, five sawmills, one plywood mill and five logging op erations continued Inaotlve today as a result of walkouts by loggers de manding a six hour day and 60 cents an hour pay. Mill operators said they will have to mark time until the 'national lum ber code goes Into effect, . EMPLOYERS OF NATION WILL AID RECOVERY (Continued from Page One) Industrial recovery unit, were report ed profoundly gratified. A White House secretary said It. was, the great est spontaneous outburst that had greeted any of the president's utter ances. His appeal was terse': "We are not going through another winter like the last. . ,, .' It Is time for courageous action; und the re covery bill gives us the means to conquer unemployment'. . . . "The proposition Is simply this: "If all employers will' act together to shorten hours and raise wages we can put people bock to work. No employer will suffer, becouso the rela tive level of .competitive cost will advance by the same amount for all. But If any considerable group should lag or shirk, this great opportunity will pass us by and we will go Into another ctespcrate winter. Tills must not happen. ... "I ask that even before the dates set In the agreements which we have sent out, the employers of the coun try who' have not already done so the big fellows and the little fellows shall at once write or telegraph to me personally at the White House, expression their intention of going through with the plan." They did, big fellows and little. One of the big ones was Harvey S. Firestone, who pledged to put the program Into effect immediately.. The president's address served clear warning that selfish interest lsnbt. going to' be 'let' stand in the way" of the re-employment drive, and that he Is satisfied the blanket agreement is fair to all. The president said: . "You can look on every employer who adopts the plan as on who Is doing his part, and .those employers deserve well of everyone who works for a living. It wilL be clear to you, as it is to me, that while the shirk ing employer may undersell his com petitor, the saving he thus makes Is mode at the expense of his country's welfare." It was a deliberate urging to pat ronize only establishments on the "roll of honor," those that liave the right to display the blue eagle with the legend: "We do bur port." The president heeded a number of requests for a word to labor against stirring up strife: "While we are making this great common effort there should be no discord and dispute. This is no time to cavil or to question the standard set by this universal agreement. It is time for patience and understand ing and co-operation. "The workers of this, country have rights under this lawj, rhlch cannot be taken away from them, and no body will be permitted to whittle them away but, on the other hand, no aggression is now necessary to at tain those rights." e J' Today Johnson andj '.a corps of lieutenants worked away at a collec tion of difficult problems con tinued and new hearings on general codes of fair competition for oil. lum ber, wool weaving and rayon weaving industries; complaints of widespread discrimination by Industries against union sympathizers; puzzling re quests for Interpretations of the blanket re-employment agreement. Price -existing, a principal issue in the divided petroleum Industry, was on the boards for thorough discus sion in today's resumption of the oil hearing. ICKES TO NAME EXECUTIVES. WASHINGTON, July 25 VP Early announcement of the numos of re gional and; state public works admin istrators was promised by Secretary Ickcs' organization today, but there was no indication as to the exact time. The men to bo selected will co operate with the central agency here in picking out the most worthy pro jects to be contracted Mn the gov ernment's vast re-employment program. AT THE LIBERTY II III lllll ffiMmWMI ROBERT MONTGOMERY in a scene, from HELL BELOW" Uncle Sam's navy may be described as the unpubliclzed star of "Hell Be low," Metro-Goldwyn-Mayer's dy namic talkie drama of submarine ad venture which opens today at the Liberty theatre, following its sensa tional run at the Astor theatre in New York City. For without the ac tive co-operation of the naval de partment, filming of tills ambitious sea picture could scarcely have-: been undertaken at all. The picture was adapted from Com mander Edward Ellsberg's story, "Plgboats," and Its all-star cast In cludes Robert Montgomery, Walter Huston, Madge Evans, Jimmy Dur ante, Eugene Pal let te and Robert Young, under the direction of Jack Conway. For fifteen daya tlie actors In. "Hell Below," coached by regular navy men, manned torpedo tubes, worked controls and literally lived under the water at the submarine base at Pearl Harbor, Honolulu. That's how the biggest tin-ill ever staged by submarines for a talking picture was made. Vegetables Parsley, bunch .......I...- Cabbage, lb. Turnips, 3 bunches Carrots, 3 bunches Onions, lb. Tomatoes Beets, 3 bunches Lettuce, Walla Walla Garlic, lb. Hi .1 m-x I THE LOW COST OCTANE LEADER.. ii - : 1 Sash, Windows, Screens I , and Doors Made to Order Window and Car Glass Carpenter & Cabinet Shop MM Jefferson - D. D. Miller. Prop, ..STIU 1EADS ! PRICE OF BUTTER DROPS IN OREGON PORTLAND. July as UP) Drop of lo In the price on top and bottom score butter and l't lb. on ln-be- tween scores on the produce exchange was not at all unexpected. In fact everything was prepared 'to have the price, drop last Friday but that being a holiday .no session could be legally held. . 4 The drop In price was the result mainly of outside creameries with holding a large portion of their but ter off the market, creating an ar tificial shortage and forcing some ad-.' vanco In tho price. When they start ed to take profits by shipping their butter they found an overplus of of ferings, forcing price . declines and general weakness on the open market Butterfat followed cutter with a less of lo lb. in the buying price. PORTLAND PRODUCE PORTLAND; July 25 VP) Butter Prints, extras 26c ; standards 24c. ' . Butterfat Portland delivery:- A grade 23o lb.; farmers' door delivery. 21c lb.; sweet cream So higher. Eggs Pacific poultry producers' selling price: oversize 24c ; extras 22c; standards 2oc;. mediums 20c; pullets 16c dozen. Buying price by wholesal ers; fresh current recelpte 66 lbs. and up. 16(ltlo dozen, . Country meats Selling price to retailers: country-killed hogs, best butchers, under 160 lbs., 78c; veal era, TO to 100 lbs., S8Ho: spring lambs 10llo; yearlings 45c; heavy owes, 23omedlum cows, 4-oo lb.; canner cows, 2i3c; bulls, 414M6C lb. ' Cheese, milk,' mohair, cascara Dark, hops, live poultry, onions, new onions, potatoes, new potatoes, strawberries, wool and hay, unohonged. PORTLAND LIVESTOCK ; : PORTLAND, July 2B Wl Cattle: 41, calves 1; 2660o lower for steers and she stuff. 6teers, best. e4.75l5.60; comcon and medium, 3.00 S4.60; heifers, best, 4.00eW.3B; medium, $3.96. $3.76; cows best, 3.0O3.25; com mon and medium, fl.75l2,7S; can ners, 1.0033.00; bulls, best, (3.00 3 25; medium, S2.75 13.00; calves, best, IO.OO0t6.35; good, t5.006.60; ordinary S4.00tft4.50. Hogs: 30; steady. Top light butch ers. $6.60 $5.76; heavy butchers, 15.00 (KS5.26; sows, 3.00ii!3.60; slaughter pigs, S4.75Q S.OO; food or pigs, (4.76 $ 5.00. - v. . ; V- Sheep: 000; slow. Lambs, best, t6 -f0.50; medium, t5.00S6.50; yearl ing wethers, t3JS0e4.00; ewes, tl.00 02.25. OMAHA SHEEP OMAHA, July 25 VP) (U. S. D. A.) Sheep: 7,000; lamb trade not estab lished, bids 25o lower, sheep 2660o higher, feeders steady: - bids on native and range lambs up to $7.60; sales yearlings up to t5.76; ewe top $2.76; bidding up to to. 05 on range feeding lambs. From Lostlne . . Mr. and Mrs. Roy Swarts and fam ily, of-Lostlne. spent Sunday In La Orande visiting the former's mother, Mrs. Martha Swarts. Misses - Betty and Dorothy, daughters of Mr. and Mrs. Walter Swarts, returned to Los tlne with them'xor a week's visit. I . . - ' ' ' 00 QoX5 (fote feoooBlV . . ,. ( r ... . r ... til Take the TVTO man would gamble with the lives of his family ! ' Not intentionally! 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