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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 19, 1923)
4 THE OREGON STATESMAN, SALEM, OREGON FRIDAY MORNING, JANUARY 19, 1923 . ! i ! f : t 1 1 :HI .If ! w It- Mi i. 1 1 l! ( t i MEAT SELLIKG : SIDS liiUSE Stoppage of Export Business in Breadstuns Leads to Prices Going Lower CHICAGO,; Jan. 18. Almost ; i complete stoppage of new export " business in breadstntfs led to; in r' ? creased selling of p wheat today and . to consequent - lower prices, .despite bullish, domestic crop con : dltions. The close was unsteady at 1 cent net decline to -1-8 cent sain, with May $1.18 3-4 to $1.18 -3- and July, $1.13 1-8 to $1.13 1-4. , Corn lost 1-8 to 3-8 Q lrH oats1 finished at 1-8 off to a like advance, and provisions up 12 to "22'-'cents.' , : " Bear In the wheat market as serted that owing to the Franco , j German clash and other Europ ' ean troubles, the export trade had -. ' . become demoralized for the time " being, and. It .was .estimated that a total of only 70,000 bushels of wheat had been purchased any where .today for transatlantic shipment. 'Notwithstanding that as- a rule warlike . derelopments . tend- to enlarge demand for -grain, . f the. financial ' outlook in Europe " appeared to- be regarded by most ' traders as 'so unpromising that ; there was general, doubt whether this would be ; the result .should " a conflict break out at . present. ' Misgivings asto the crop pros "pects for winter wheat-lin ! the southwest and west- were added , to by continued lack of mQlatnre f . and by Indications of a cold ware. Especially during the- last , part . of : the day this -brought about some - demand for July and Sep n tember contracts Sand ' , rendered prices for those f two most rela ilrely firm. . May wheat, boWerer, 4 ia whlcbl activity was -.greater; showed a decided' absence .of ' power totally and finished heavy ' at about- the bottom figures of '-- the .day,1. : v sv ;; ,"' '7 . - :News of a general drought In Argentina had a steadying .infln ' Jenco on corn and oats. V.- , ' ' - ProTisions were -.strengthened - by higher Quotations on hogs.' "- " . miscellaneous PRICES MOVE UP flbfi i Bear Interests Abandon Op- . erations Advance Has Little Difficulty - ' PORTLAND. Ore., Jan. .18. - Butter prints,; extras, 48c; cubes. .extras,1 46c; prime, flrsty45e.'v Butterfat. Portland. delivery " No. 1 sour - cream, ' 49c - " Potatoes Buying'-price, local, 60c; selling price, '65 75c. . FRUIT NEW YORK. Jan. 1 8. Erap- orated , apples Quiet. Prunes ln- actlre. Apricots quiet; peaches' . quiet. ,; . ' . ' ? I PALElinAPJZETS Or piietm ar ivM tsetpl m BOtd. N. X wket il.lQ . .. , .. a vUmi six8. . . , Ho. a Kd vht, taekd, tljOT. . Chert ky. 20. Oo f2i21. ' 005. BUTTSS ASS BUTTCSTAT , Kftr, wkeUnla, Sle. Creamery batter 4805Oe. - Baturfet, deUrwed, 4S. UiUC S2.4& ewt. ' : . ; : . . ..,-.-,;.' QXTVT .-' - ,- OI4 rooster S. . . ; ' Broiler 15. , , 1u, lifrK ' , . . ' Kent, bevif, 18. - J FOILS, SrUXXOJt ASH ; Host, ton, 89e. ' . , ; ' , Live Aog. Se, ' Zreeed kOK. XSQim. - Top veall areteed. llQHH. ' Ttv teere, 11(312. . - Cows,' TQ9e. ' ' ;-. ' .. mum Benaac lie. Xernona $7(8.50 ' '- ' Nevel oraagM 83.50(fJ4.75. ' Florida gTtpefrait, 7 70. DaUl, $o.T3. Jkp or" 8 Iwmol. j . BUNCH VEGETABLES 1 . -Beets, eerrote,' tnrnip, SI per dos. ' -BUTS WhiU JO lb. Ube?ts SOe Ik. - Alaosds S8, ! Brstil 15 lb. J ... . ,1 r f raas, fottltbt ajto kzats. i BtrmEKTAT STEADY '! Ko. 1 churn iar mia, S2S8e 2. O. V. Fortlsad; andercradee. 50(5?51e. EGGS UNSETTIED Oorrent receipt 823e; wfclt BriM. 8658o deUrered; pullet. 820 '.83c;;rOTg 82(a85e. v LI VK FOULTBY NOMINAL (Leas - commission)-Hevy kens, S2e lb.; do light, 13e; spring. 1718e; old roosters, 10e; daeks. wit Fokia. yoonc : ' lQ20e; dressed dneks, 20Q21e; : tnr L kye. Me. 1 drecsed, S6Q88e; X: . t C428e; do Mt, Bomlael; ceese, 15Q1S; - de dreswd. l21e.' - . i litESSEI MEATS STBADT " (Lsa commidioa) Cbolee light kof, 12f?12V4: sndrrrdes." lOQUer top rrades veal, 124 U'e; WBderirsdes, 80 . ' lie. ' ' - ' ' -: ; - "- HAY STEADY v - ( Deliver APortland) Valler ttowthj ; 821 toar Eastern Orecoa timothy. $24; alfalfa, 821 ton; clover, $21, ton; straw, ' 89 toa; rratn ay, $22 ton. - GRAIN WEAK, LOWES Bid price (track Portland in ear lots) Wheat options, 81.1401.25: Bears -ot olneatem. 81-44; oats, nominel; Easter ' yellow eora, 3.S032; barley, moatiaal; aUUrsa, aomlnsl. - t , - " " FEU IT -'- ; ' , ' : T2TJXT STEADY - -Applet,' &0c $10 , ( aeeordinf vtr isty sad packr-; pear 60(75 box. " VEGETABLES ' VXQETABUES STEADY Orecoa potatoes. 60 Q 60a ewt.; Orero cabbace, ttoaunal; parsnips, $1.00 sack) . carrots, $1 sack; onions, $1.75Q2' ewt.; cauIUlower, 8 1.50 f 1.75 dosea. woov - WOOL SLOW Half blood and fine, . 85 40e; three. - ' -tithe blood. S2085oi iaartr blood, 80 , C,32o; low qoaTtr and braid. 85Q27; tuud er sotted wool. 22 25c. - ; (NOTE Sastera Orrr, Wasshiarto and Idaho rsncb clip bring J to I cents . leas taaa vii-T wool.) . KOP8 QUIET ,,r 1931 p, aomlaal: mew crop . C is. . . . -. vxG-sTAXLrs : . CsaliHower $2.25.- , I mt. Iroperis! aYlley. IUL ' , NEW, YORK, Jan. 18; Dis couraged by. their inability ; toj bring out -more stocks in .their recent ' operations, bear intereets virtually abandoned their opera tions on the short side in today's stock t market and operators for the advance had little difficulty in, bidding up prices. Net gains of 1 to 2 points were quite com moo at; the. dose with namber of specialties recording aubstan- tially higher gains: ; " Special Interests .were . encour aged by the less bellicose nature of the foreign news dispatches and the continued ' improvement In domestic conditions as - reflected in increased car loadings, partcu- larly of . general merchandise, higher crude oil prices, resump- Steel preferred, and the high rate of production, and stiffening price tendencies in the steel industry; the good showing being made by Industrial companies-in their cur rent earnings statements and the continuance ; of low money rates. Foreign exchanges were inclin ed to" weakness, but largely. , for Individual reasons. Demand sterling 'closed around last night's final quotations, $4.65, this early weakness . being attributed to the failure of the British debt mis sion to reach an agreement with the United States government rep resentatives before 'their depart ure home. The weakness v. In francs reflects the doubt ot the financial ' community i as to France's ability to collect her reparations payments tby force, while the further slump of Ger man1 marks to .0042 pent ' each mirrors ' the - seeming hopelessness of stabilizing the German unit of currency. ; Closing exchange rates were at or near the high, level of the day,. marks rallying; to .0047 cent. .,( j ... . ' Republic i Steel 'Issues made a good response to the ' unexpected resumption 'of dividends on the preferred stock. Other steels ad vanced In sympathy. ' '" - Most -of the oil shares made a favorable response to another in crease J in Pennsylvania crude prices. I Motors were active at higher prices. . Hailshores again lagged behind the rest of the list. Call money held at 4 per cent throughout the day. Time mon ey : .was -only moderately ' active with a slightly easier tone, some 30 day loans again being arrang ed at 4 and at 4.K for 60and 90 daysj Bankers offer plenty of funds at 4 ; for the longer maturities, but brokers are hold ing out for 4V i ; : SCOWS MILLS NEWS , Mr, and Mrs. H. E. Magee and Mr ! and Mrs- Ellis Nickleson were Salem visitors Friday. Miss i Clara Rascha of Wood burn rlsited friends ' ; here over the week end. - I Miss 1 Clare Larson spent the week . end . with, her narents in SUvertou. . r! : " ' ' ... Mrs. ! Arthur Rich and daugh ter Mildred returned lioma Fri day after visiting hr . mother at Aumsville. Miss 1 LoraJne Hogg of Salem visited i her' parents here over the ' week end. . She was accom panied by - her : grandmother, Mrs. T. Maplethorpe.-" r Miss IJla Brougher and broth er Harrey visited their parents over the week end. ' ' Allen' Bellinger surprised i his friends there by returning home from California with a bride. Miss Bellinger Vwas formerly Miss Wanda Smith and a grand daughter of Dr. and Mrs. I I Rowland,, old residents of Noble. Mr. an4 .Mrs. Bellinger will make their home south of Scotta Mills, . where Mr. Bellinger has a large ranch.' Mr, and Mrs. August Persey and son - have returned .home after spending the past three months; in v California. Mr. and Mrs. August Semolke and small , daughter ; of near Mt Anget Yisited relatives here Sun. day. . ;-..-:;-.. .--r;--;i---' Elvln Shepherd and Richard Lawrence are i working at 5 the Sliver Palls camp. : Grandma McCllnock has been quite sick the past week but Is reported better. Martin - Dala has been - home. sick with tonsilltls. ' Mrs. B. P. GIger was In Sil- verton last week receiving med ical; treatment. i CLOVERDALE I Louis; Hennls ' returned ' home from a two months visit with his brother, Elmer, at Medf ord,! last Monday. " - - W. F. Wright and R E. Rob ertson visited Portland , last, Sun day, returning home Monday, eve alng. ' ' '- "- r - Mrs. Li. E. Hennls.was shopping In Salem last Monday. . , ., w. H. Wilson and nephew, Or- vlile Thomas, were in Salem last Monday, on business. . : . ' WILL THE FRENCH MARCH STILL ' FURTHER? ! --.,- r:. ..tjjV'r-M. 1 - - .) r SmI1' y T i -I till : ' r'-- i No museum,, in Berlin makes so strong an appeai toj the; popular : Imagination as the sorcalled "Schloss," or "Palace Museum," once the official residence of the exiled Emperor, now open to theub lie -, Wten left, tenantless . by the forced abdication of Emerori WHhelm.IL there was much "heated ar gument as to tne aisposuion or uese purlieus or royalty., fine tJovernment finally vbted to utljlie this vast architectural complex as a repository of the invaluable collection of the Museum of Industrial Art, which, had long ago outgrown Its old Quarters. Mrs- Artilla Hadley . and Mr. and Mrs. Jvan Hadley were in Salem Wednesday. ' ; Mrs. Emma " Wood 'spent a con pie . of o days in Salem visiting the. first of last week. Walter Blaco and - family and Miss Ruth Drager' drove to Sa- lem' last Tuesday to view the high water of the Willamette, i i John Thomas, L. E. Hannis and William Farr were- Salem visitors Saturday. , ' I .: '" i Mr. and Mrs. W. H. Wilson and Orville .Thomas were . In Salem Saturday. , '; -- ;:!' ; ?- ' Miss Cleo Blaco spent Satur day in Salem. ' ' ' Several' of the women remem bered Mrs. Charles Kunkes' birth days anniversary January 15 and went in and spent the day., with her. .Mrs. Kunkes is 74 years old and has not been' In 'the' best of health the last year. HAY, GRAIX, OATS, CORN PORTLAND, Ore., Jan. 18. Grain futures: wheat bluestem and baart January, ; February. $1.44; March, S1.45; soft white, January, February, March, $1.28; western white, January, February, March; $1.27; bard winter, nor thern spring, January,; 11.22; February, March, $ 1.23 ; ; western red January, February, ; March, $1.22.1 - x ' :. r . ! Oats r38 pound naturals, 'Feb ruary, $38.? 1 Corn - No.' 2 eastern yellow. January, February, March,-$32.50 -No. 3, January, February, March,' $32. San Francisco Receipts, hay 229 tons unchanged.! "'; WHEAT r ' MINNEAPOLIS, Minni Janj 18. Wheat, cash, " No. 1 $1.19- 1-8 $1.28 1 . Liverpool,. Jan. 18. t Close, wheat 7-8d to Id lowef; March, 9s. 9d; May, 9s. 7d. i Buenos Aires, Jan. 18. -j Ing: Wheat.. Feb. $1.19 J March,; $1.1 9 1-2, liloWer. northern. 8; May, i i pen- ower; PRATUM NEWS I . . 1 i - PRATUM, Jan. 17. f he Kim ball Glee club gave a saicred - con cert in the M. E. church! here to night. .V : ' j The Ladies' Aid will) meet at the home of Mrs. Claud Ramadten Wednesday afternoon. I I A union prayer meeting will be held at the home of Mrj and Mrs. William de Vries Thursday even ing. - Rev. S. S. Baumgartner Will conduct the meeting. !,.: ; Grandma Yates was buried last Monday In the Macleay cemetery. She was ope of the oldest 'resi dents of the neighborhood, hating lived in Oregon for 40 years, j The Willard people have loaned their piano to the M.-fc. church here, to be used for the sing this . - 7 i The protest against the election of Senator Lodge will not be heard until after the1 4th j of March. : Meanwhile ; William! A. Gaston, who - was the Democratic candidate against Lodge, says there is no doubt about the efec tino of Lodge by more .than 7000 majority . That Judgment ought to be fairly conclusive. ' N SHIPPING C1I 1 IS SUES Share for Past- Half Wear Declared Fifteen Percent ; Economy - Used and adjustment of the services toe dividend was .made, possible. fThe 'cdmpanjr now i-has 109 vessels In operation, In" addition to 30 ships , which have been chartered for special , services. The f cargo carried" during the period : amounted to 2.216,000 tons, ; and J 1 )9,000 , passengers were: carried over a total of 2, 626,000 , miles. The, Tsingtao and oBmbay ser vices wore stated, to be i the most active at present. large cargoes being carried on - the inward trips and light -.shipments on the. outward voyages on these services.:' On the coastwise ser vlcea .the shipments of cargo were reported to be fairly active a nd -there has been I a small . in crease In the number of boats operated. ' On the European ' services tne cargo movement has been dull during the six . months," but the number of passengers carried showed j, - distinct-Increase, tho .American services the senger traffic - has boen i but the'shlpments of cargo i the United States to Japan : been brisk. Timber, flour ; wheat composed the bulk of t cargo handled. On.' the South American 7 vices, business in all re, was reported to -be extrt . dull. " " T'IIIIIIIHIIIIIIIIIIIIHIIIHHIIIH",llllltttttttt"fTtffffltM ' ' Court and liberty Street $ Thrift Week Today is -Insurance Day TOKTO, Jan. IV,. a. The Nippon Yusen Kaisha operating a large fleet of steamships, despite com plaints of depression in the ship ping trade, was able to announce at today's meeting of Its share holders, a dividend for the past halt year at the rate of 15 per cent. The report of the direct ors. said that In general the car go and passenger business on all", of the company's lines has declined during the last six months, but by;, strict economy This Is Thrift . Week TT ITTW W aRSaJWsfI I 1 II I Phone 11 1 flTi Court and Liberty Streets in a Fin 1 I iai uearawav Of Things Readyto-Wear HALF PRICE ! ' A 4 Only Navy Velour Suits, good styles. Unbeatable Values. Sizes 36, 8, 42 ' 6 Only Rubberized Raincoats. Brown, Tan, Navy Blue ; : - . Save Money One lot Silk Blouses, special, each 1 $7.50 Onerlot Silk Blouses, special, each ... JL'.$3.98 One lot' Good - Quality, excellent) Style Skirts.,..$5.25 One lot Tuxedo Sweaters, speciaj 1$3.50 to $10.00 : .One" lot Jumper Dresses, Jersey and Serge...:..$4.25 One lot Wool Dresses special.:.!. : , J ..$9.75, $16.75, $19.75, $28.75 4 One lot Tub House Dresses ....... ! .98c Today and Tomorrow - m ' j ii ii Salem's lading Department Store j Pkcssll Thrift Wcc! ;- . Today is - Insurance" Day . HOLEPROOF ,HSIEiE . Trenton dlowcly . G ksM&QCGlf Riding upon the crest of popularity, Holeproof 3 won their fame by. giving absolute satisfaction in style as well as fit and service. - . . It is not by accident that Holeproof Hosiery was created, only years of scientific study brought to light the discovery of true "Hosiery making. Let us show you some of the wonderful exclusive features of Holeproof. , Pure Silk ' Holeproofs We've just received a fine shipment of extra-stretch top Holeproof s--an elastic ribbed top with, just enough stretch for' the woman , inclined to stoutness. It is popular with slender women,' too, because its unusual elas ticity causes it to fit the limb snugly at ailitimes. This special number comes in shades of fawn, sponge, brown, black and beige, all sizes. ,V r (Guaranteed) .... : . ... " .. -l I ' ' - r -j .-,- i SchofllStc chino , Fine ribbed mercerized lisle school stocking-iEvery ' pair is guaranteed to give thorough service. A guaran tee of replacement if they fail to live up to their: reputation. Haying: a two-thread foot is the secret of st ur diness. All sizes 0 to, 10's. Fast color black and brown. w A Seo Cle JJ7 Choice of W J . . Any Pair of if ; Women's High Grade Sk . I PUMPS I ; $s.9S .1 i Friday and Saturday M "Good Shoes, for less" and the less prices will be reduced this week. ' All Women's Ox fords and high shoes will be discounted 10 per cent. Men's Work Shoes, values 5.00 and ( $6.00 at $3.98. - 'Boyr solid leather school shoes heavily .oiled , . ' ' . ' This t3 an opportune time to buy that everyday shoe if you really 7 want to save money. ' 15 48 to 56 Inch Chiffon Broadcloth Special $3.39 Yd. X . I ; T 7 Sprincr sewinsr seems to he. th nrr1r nf . . the day. . This special lot of Chiffon Broad- 1 1 cloths are indeed worthy of your closest ; ; scrutiny. Regular $4.50 values in colors of pink, orchid; navy, nekin blue: faurw rin 1 1 bronze, receda and black. For Spring coats4 ; ; Kiddies', apparel ! 1 Save money on this splen ;;ldid Material now I am i .... . : ' , ..... i . -. . , r . : '? 3?' . Our Subway Offers New; Coatc $14.95 Our lower priced store features a wonder ful group of women's and school girls coats in the new blouse Fback, T Egyptian sleeve styles; also the plain back or belted models. This , showing of coats -must be . seen to be fully appreciated. Come tomorrow. F. .jAi Wood and son, Emery, sent two days last week hauling wood to Salem . - - n i nuMti tninun iMnKt;nt(- t