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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (May 25, 1923)
if 7-: J THE OREGON STATESMAN SALEM,1 OREGON UK HE ; . hemes 10 Overbought Condition: and Liverpool Quotations Pe- press Values . . , "CHICAGO. May 24. Appar- ently as a result of an over bought condition, the -wheat mar ket ayeraged lower? In price to fiky. Closing quotations were easy ; at 1-8 at 3-8 net decline with July $1.17 1-4 to $1.17 3-8 and September $1.15 . 1-4. Corn ' finished unchanged to 3-8 cents higher, oats Tarying from 1-4 cent off to 1-8 cent adrance, and provisions " at 2 cents to 10 'cents gain.:, . , : .t r At the outset, the wheat mar ket, was somewhat depressed ow- , tag,-chiefly to the fact that LIt erpool quotations were loweT and that liberal" shipments from Ar gentina, to Europe- were - report ed; "Bullish adriees, however,- re carding c the domestic - winter . crop j together with some export business, led quickly- to rallies, and so too did estimates that the 1923 ' acreage of" spring- wheat .would show a decrease- of 15 per cent - with last year. f , .Tot a while, sympathy with an upward swing, .of values in. the stock; market tended also to in duce .wheat, buying., .and, lift wheat prices : temporarily, Weak ec3s, ;though, again" recurred; in the wheat trade during 4 the last. Iirt of the exchange session, When ' erly buyers found that un loading of purchases could only be accomplished , at some ' sacri fice. ', Lack of Any. .sustained 4e-t raand seemed evident and ' the balls jwere further . handicapped - by V. Indication", that export busi ness would hardly -' total more than 400.000 bushels, with Euro- - peano buying of gulf: wheat re stricted, to .96,000 bushels. ; -. Strengths in - the con market came' largely from reports that much : replanting of corn would be ' necessary throughout Import- v. ..JvZS3' ... - ant sections, . Illinois In particu lar;' Export - buying - of . com i was also a factor. Oats trade ! was SlOW.Vu f?' i.r'-JU .-i-i' - Provisions, although at - first easy, responded later to an- ad vance in t hog values. j With the death of George J. Gould the children of the late Jay Could may now be ! able to settle their financial difficulties with out clogging up the - New York courts.- It is a consummation de voutly to be wished. Mr. Gould was' a very- wealthy man. What did he leave? Oh, everything:- Sill RALLY IN STOCKS OCCURS Oversold , Condition and Halt ; in Relaxing Tendency . Brings Change NEW YORK, May 24. The sharp - rally In today's j active stock market was generally re- Warded as further correction f an oversold condition.; The appar ent halt ' in the recent relaxing tendency of commodity prices un doubtedly -prompted much of the short I covering which ; provided the'- main Impetusi for : the ad vance, but in a few stocks there were indications of fresh buying by strong financial Interests.' s The announcement by; J. P. Morgan and company that j It had agreed to underwrite $25,000,000 of the Austrian loan was regard, ed as conclusive proof of the soundness of : underlying" invest- T Friday i and Saturday Special Again Repeating Our Offer of Last Week ! Ladies' Coats, Dresses and j Millinery i .. ' : .-. , : ,- - '--i " f ' - ' : iLqss t5 Less; I Choo&e from ocr entire stock of Ladies' Coats, Dresses and Millinery at 15 per cent dis count ' , . J ! This4 in view of our very moderate prices makes this offer doubly attractive.' j j All prices marked in plain figures. ! Ladies' Coats $9.75 to $45. ; ! Ladies.' Dresjei $ 1 0,75 to $35. . , Ladies' HaU $4.98 to $8;75 ! Gale & Company j ' v . Commercial and Court Streets ' ment conditions in the v domestic markets. Other valuable t devel opments of the day were the pub licatian of statistics showing- the car loadings for the week end ing. May 12 were the largest this year. A decrease of 11,650 bar reH .in the daily, average gross crude oil production for I the ' FRIDAY MORNING UAX:25, 1923V.- week - ending May - 19 : and sev eral favorable- earnings state ments. V j i ' 1 " The run In of the" shorts' 'was a" veritable rout 'in the last hour when the best prices of the day were; made. Scores of stocks closed 2 to. 7 points above yester day's.' final levels. ; ! I L. Ralls were more- active y than usual. Call money held steady at 4 1-2 per cent throughout the session. Time money continues on a five per cent basis' with bus iness quieti v New commercial paDer' Is being- received In. fair amount and has a ready demand, thei bulk of the prime names commanding five rcr cr J. foreign exchanges were what easier. The sllitt : ness of sterling which di 3-8 of a cent to 4.62 1-2 attributed to British . buyk American (securities. r, francs sagged two points tojj c cents. German marks soU above $18 la million. " The Yearns Greatest and Most Attractive TODAYS ' '.-'I ' J .13 7-w cz5 fr& rrr A 1 . -:-.f- f:.-;;.1 H .. , . ; IS ON f Ci-till vrinq (0hf Jnt $2.10 50 sacks Whit Spray - Northern Hard wheat Flour, per sack. 9170 iGov. Inspected Cottage Rolls, per lb. . . ; 3ov.. Inspected. Leau Bacon. .' per lb. .............. California Sweet Oranges, ' per' doz. . . L . . . ..... . . ' 12c Bulk Cocoa, estra : quality, per lb. ...... j. : -15c lb. can Pure Sweet , i Chocolate - i . . . .:. . . . , 08 $2.50 value 51b. can Royal ' . 1 Baking Powder 1.07; 65c value , 10-lb. pail Karo f Syrup r,. . , J5Q 10c tall can Armour's Pork N and Beans ; i ......... i : .03 Red Mexican Beans, per , lb. ...... j.,.......vi .07 .16 J22 .13 .06 25c Del Monte Tomato Cat sup, pt. bottles . . . . . . .15 Milk, tall cans 3 cans- . . j . 5 18c can Armour's Peaches. .10 2-oz. : Can Black. Peppef r- highest, quality.' . ' 50c. Ping Suey Gunpowder ' Tea ...... . , : 30c Albers 'Pearls, of -Wheat - i large pkgr.v. .v. 18c Palace can, extra qual 'n ity, Oysters;. . I . .". .-I 18c Otter., fancy,-Shrimp, j per can ......... i ..... 25c lelly Beans, for the kids ........, ...! 10c Fairy I Soap,; per bar. , , 85c Climax Tobacco,, per' plug........ ......... Bull Durham, per bag ' . . . j Cigarette, per pkg, 20s . . ! 30c Citrus Washing Pow-j der, large pkg,- . , . . . . . i 5c Snolit Laundry Soap,! big bar ............. 10c Creamoil Soap per bar, 15c bottle .Liquid Bluing. . and ' washing ammonia, i special 30 .oa .06 .07 NO GROCERIES SOI ;TO:MERGkNTS. IV u I I l- Y V 1 1L UOJiii. vuiij ri .,.jTT- J -IU h - I. '- We Are Qfferinsa At This Time! Furniture-At UnequdJed Prices: in Order to Reduce Our Stock. A Visit to Our Store Will Convince Ycu ; MEm TABEE I. LAMPS $2500. Lamp . i $15.00 OSd.OO Lamp , . $18.00 035.00; llamiy .jr.! $20.00 4 r $15.00. Mahogany kmpSficlis? $9lS0 7 Piece! Walimt Bei Room Suite $188;5Q Consisting of Dresser, I Chittonier l Dressing Table, 1 Bed, 1 Rocker and 2 Bedroom-Chairs to Match Similar to cut- 1 Overstuffed Rockers and CKairs F? Wv, . ' md up t 4 ... 3- rf $i35 Iciry Qca ELEGTRIG WASHERS' Mahogany Tea Wanbns, $14.75 EIoyA Loom Fibre Rockers :!'0keripoFtr S Chairs $15100 Beautiful? Lunch Baskets 50c Stoves- - i I Steel Ranse ....:-...$48.00 1 Steel Range with polished i top $67.50 1 Steel Ruage with white 1 enamel trim ...........-......$79.50 . ; enand trbi;.... ...l...;...$89.50 peeiai 1 Denim .1. . .. .... :.::.-.:.:-.:..$52.00 1 Telour .1: 11. 1 .. .li . J..l.i. i.L$72.50 1 Tapestry a. i;..rX..J.$89.00 1 Genuine Leather $99.75 Maho MiiSofe 1' Square Mirror with Oval Top $9.75 I Large Square Mirror witK Oval Top? $19.75 II Beautiful Oval Gilt Frame Mirror ....$24.75 Dressing V 4 C, -1 Tables ufeivory.l::. J:....::.:I...:.$39.75 - j ! yX " I jbf Ivry CnMfdnieri.;:$34.75 Golden Oak ........... ..$1 9.75 Ivory 1 ii! $27.50 GrayOak.. ..$29.75 liGray Oak Chiffonier :. 1: ..:$18.75 42-Picce Dinner Set $7.95 Upholstered Settee GALVANIZED TUBS ... . JJ . . . 90c I t Slightly used, but neatly covered ( With silk and Lwool tapestry REED) CLOTHES' BASKETS; . . CL25
