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
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