LA GRANDE OBSERVER Observer, La Grande, Ore., Thurs., Aug. 6, 1959 Page 9 r.'- -. . l CSS HARVEST TIME IN THE VALLEY Bob Black,- left, and Mel Tibbs pull wheat from the front of the combine where it plugged up. The boys work on the Sylva n Rasmusscn farm near La Grande. ' 5 (Observer Photo) .s-v . j jiCS - - - n firs , y:,r-rT,?rr- r , tu?pHr? T W in w ' ami M i in l i mi 1 1 ipayy (fffi - 7 WATCH OUT THERE Mel Tibbs operates a combine on the Sylvan Rasmussen farm near La Grande. Rasmussen had two dombines operating through his 340 wheat acres last Tuesday. (Observer Photo) Active 1959 Stock Market Piker Compared With 1929 By ELMER C. WALZER This department doesn't go in UPI Financial Editor for prophit-y but we have it on NEW YORK ilTI' The stock Rood authority that situation won't market lor 1959 has been active as markets go over inc past years, but it's a piker compared with 1929. So far this year sales have been the best since 1930 when the total for the full year amounted to 810.632.S46 shares. The 1929 ma ket turned cut more than a billion snares, me only year in history that figure has been attained. The exact to tal was 1,124.800.410 shares. The bis thine about the 1929 volume was that it represented a. turnover of the 942.492,073 shares listed of 119 per cent. Supiwse we were to catch uo with 1929 turnover this year, we'd have to tvadc more than six bil lion shares between now and the end of the year. That little stunt would involve daily turnover of 60 million shares. That would be IS times our best recent markets. Ticker ma chinery would go to pieces trying to keep a few hours behind the market unless huge blocks of stock were turned over. If you don't believe this, work it out for yourself. There are now listed about 5.5OO.0OO.OOO shares, take 120 per cent of that to make it easy. That would bring the to tal to 6,600,000.000 for a year's turnover to equal the rate of 1929. Knock off 600 million for the year's trading to date which is being generous and you get six billion. Divide that by the 100 days you have to go, by knocking off two zeros. The answer is 60 mil lionsthe share total per day to match 1929 turnover. Canned Poultry Use Declines; Wheat Price Up WASHINGTON UPI The Agriculture Department reported today that poultry used in canned and other processed foods totaled 20,319.000 pounds in June. S per cent less than in same month one year ago. The quantity of poultry certified under federal inspection in June totaled 408,225,000 pounds, com pared with only 132.583,000 a year ago. Practically all poultry mov ing in interstate commerce has been processed under compulsory federal inspection this year, ac counting for the big jump. WASHINGTON (UPI The Agriculture Department said to day that winter wheat markets improved last week while spring wheat and grain sorghums mar kets slackened. Other grains fluc tuated within a narrow range... Winter wheat advanced 2 to 3 cents a bushel at the principal markets. Spring wheat prices ranged from no change to four cents lower. The biggest losses were in high protein types. Rye advanced two cents a bush el in Minneapolis in light trading. Corn mostly held steady with price changes restricted to narrow limits . (level p. This is an investment market and not a sieculative market like that of 1929 so far us trading is concerned. A glatice at the active issues hears out tins statement in part. Ame'ican Motors, the No. 1 active of li.'8, luis done it again. It's out way ahead of all the others. And to think, just two years ago it was in 4!th placet Most Activ Utiles American will dj a lut more than the stock market as a whole in percentage turnover. It al ready has more than turned over its listings. Last year its turn oxer was nearly double its list ings. This stock isn't the succulalion it once was It has carved a niche for itself in the investment de partment of the automobile group hy its jump in sales. In second place so far this year is Aluminum Limited, Canadian aluminum producer. Last year Aluminum was in ninth place and in 1957 it was 29th. Standaid of Jersey, last year's fifth place active, is third this year. And that's just where it was in 1957. General Motors, last year's third active, is fou:th this year. It was second in 1957. Studebaker-Packard is seventh this year and Ford, eighth. And that takes care of the autos, ex cept Chrysler which is No. 21 on the list. THE NATION'S I BIGGEST 1959 a. EXPOSITION 4 Space Ships To Venus, Mars Are Forecast LOS ANGELES 'LTD The head of a major U.S. space ex ploration program Wednesday foresaw the sending of three manned space ships to Mars or Venus some time after 1970. Dr. Krafft Ehricke, chief of Project Centaur, said his studies showed that three ships, all nuclear-powered, are necessary for deep space probes. "Three t ships I will provide for safety, reliability and emergency use," he said. "Two of them would be manned with the third carrying supplies and emergency equipment." The two manned ships would carry four men each, he told a press conference at the conclusion of the two-day western meeting of the American Astronaut ical Society. The Convair astronautics sci entist said nuclear power was necessary because chemically profiled rockets would take too long "on the order of three years" for the round trip mission. "The greater power available with nuclear propulsion will cut the time down to about a year. SECOND SUB SIGNED NEW YORK il'Pli Benny 'Kid i Paret, Cuban welterweight, Tuesday became the second sub stitute to sign against Caspar Or tega of Mexico for a Madison Square Garden 10-rounder Fri day night. Florentino Fernandez Any longer than that and we have to worry about how long men and equipment will hold up," he said. Ehricke said the early 1970s was the "rock-bottom" time when such missions will be possible i tium .TOPS IN QUALITY!! I of Cuba was Ortega's original op ponent, but a virus forced him to cancel in favor of Charley Scott of Philadelphia. Scott then found he was not in condition to meet Ortega. WASHINGTON UPI The Agriculture Department today named 37 wheat varieties as un desirable because of inferior mil ling or baking qualities. They will be discounted 20 cents a bushel in price support rates on the 1!MK) crop. The discount is designed to dis courage production of these va rieties so that U. S. wheat of inferior quality will be less likely to find its way into domestic and export channels. Officials said plantings of these undesirable types have been de clining in recent years. The dis count is credited with speeding up the trend. WASHINGTON (UPI I The House has overwhelmingly ap proved over Agirculture Depart ment opposition a hike in feUeral funds to subsidize milk-drinking by school children. It passed by' voice vote Monday a bill to authorize outlays of $81, 000,000 and $84,000,000, respective ly, for the next two years. NOW TILL AUG. 14 SAM SNYDER'S Sot UK Exciting 2 Ilout Musical Revue ir. Water & On Stage Sptcticular World Champion Divtrs Famous Stag Acts Water A Stag Balet Diving A 'Water Clowns MATINEES: 2:30 Aug. 7 A 1:30 Aug. 9 EVENINGS: 8: IS Mon.Sat. 5:30 Sun., Aug. 9 COMING AUG. 24-29 The Internationally :v-ul Famod BALLCT THEATRE Th Exotic Boauty f Tradi- tfpnal JoAnse Ballet If BIGGEST FAMILY run,i imc ATTRACTION IN OREGON'S I 1 HISTORY 1 i LOW IN PRICE Great Western EatiiT this HQLSUItl brand! . . . mmr OVEN FRESH in PI it It lags . . taliu da-o pood fflfa Shop Chris' Foods jfe 44-Oz. Libby's Pineapple and Grapefruit JUICE 3 For 8 26-Oz. Del Mont Fresh, Whole DILL PICKLES 35 10-Lb. 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