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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (July 21, 1923)
Littto Profit-Taking Is Ob
served on New York Stock
NETY YORK, July 20 While
- there wm some profit taking sales
l, in today's stock market, the defl--nite
upward trend, which started
; yesterday again controlled price
and closing prices .were near the
'highest figure of the day. , The
volume ef sales also increased a
little, giving additional color to
commission houses of renewed in
terest on the part of the public.
The course of prices gare evi
dence "of the switching of many
r bear traders to the ball side, and
while occasionally selling orders
:twere put into the market all such
offerings found ready buyers ; at
current -prices. ;
- ine i demand was unusually
; broad,' embracing1 a miscellaneous
listTof industrials and specialties.
. ana both the low-priced and dhrid
end paying rails. Gains In Ithe
;rftil group were not large, 'but
coTered a considerable list.
v , The, usual market leaders were
quite active, but net changes were
.largely (nominal, Baldwin, Stude
; baker and United States Steel
' each closing, fractionally higher.
, Call money held steady through
out the day at 5 per cent. A few
loans were made In the time mon
ey market at 6 per cent. Rates
for commercial paper were at 5
'and 5 per cent.
t. The foreign exchange market
.n tain was featured by 'the drop
of German marks to a new low
record of .000214 cent, of ' one
' million marks for $2.50. - Demand
'sterling Improved fractionally to
$4.5 9, while French francs off
1 1 points to' 5.88 cents.
Total sales. 712.000 shares.'
Auction Sale ;
Sat. July 21 st, 1923, at 3 pan.
The 13-roora modern apartment house at 412 North
21st street with VA acre Jot containing lots of bearing
fruity English walnuts and berries. Will sell with entire
lot cr part lot. Owners reserved bids are very ! reason
able; You will get a good bargain and profitable invest
ment. Terms- 15 per cent cash, 35 per cent in 15 days
and 50 per cent the owner will carry back to suit buyer.
Inspection welcome anytime. Socolof sky, Realtor,. 341
State," office phone 970, .residence phone 1212-M. 3 ;
' L. E.TALBOTT, Auctioneer.
Apricots from The Dalles are now at their best. They are especially fine fruit
this year and without doubt one of the. finest fruits for home canning. Monday a full
car will arrive for Salem and we would urge you to place your order for Monday de
livery so as to be sure to get your apricots at their best and at the right price.
FISHER'S BLEND FLOUR
Our Parker-house rolls, Home-made bread and most of : our other pastry and
cakes are made with Fisher's Blend Flour. ! We know of no better flour to use as an
all purpose flour. It costs 4 few more cents per sack but at that is most economical
when you get more and better loaves of bread from each sack. , I ,
$2.10 PER SACK-$S20 PER BARREL
Staple Groceries at Right Price
Snowdrift, 4 lbs. .... .. : $ .85
8 lbs. ...:...... ;.....: 1.65
Crisco, 3 lbs. J . .69-
6 lbs. 1 .J. 1 1.39
9 lbs. 1 : 1.95
7esson Oil, pints j. . J.1 8
Quarts .". .. :.;.L .52
Half gallon ; 1.00
Gallon ..rUL.:.---..i., 1.90
i:azcl3 Oil, pints .l...Lu-.. 8
Quarts : ..-..J. L. ; .53
Hal( gallon : 1.03'
Gallon : : 1.95
. Cane Sugar, sack .. ..: .......i..;...- ; 9.45'
; Liberty Bell Cane and Maple Syrup,
5 lb. tin : L - .85
10 lb. tin JL.:. 1.50
Peaches, Triumph, box .L.
Crawf ord, - box ... ..u.
Raspberries, box 2 for ......
Lc;ans,. box . i.. JL.
Cantaloupes,1 each ..i.. .. .15
Apricots, box 1.. . .50
Apricots; lug j L 1 2.00
Vratermelons 4...:.....:..:..r.:j.u-. .03Vi
v Twenty industrials averaged
31.72; net gain, .37. . "
High 1922, 105.38; low, 87.64.
. Twenty railroads averaged 80.
51; net gain, .46. U
High 1923, 90.62; low, 76.85.
Note of Conservatism
Is Added to Industry
NEW. YORK. July 20
streets tomorrow will say:
. "More Quiet in trade and Indus
try with -an' addedl note of con
servatism In surplus wheat grow
ing regions 'hut a slightly more
cheerful tone In some speculative
lines and a further gain in. crop
conditions, are the outstanding
features-of thereport this week.
These cross currents give an ad
ditienal appearance of irregular
ity to a situation which displays
most of the characteristics of
mid-summer, yet depreciations In
most markets are still In advance
of a year .ago, despite the fact
that the advance of the year is
bringing changes . In comparison
with this date a year ago.
"Absence of salesmen from the
road, I due to the vacation period
is credited in some quarters with
a portion of the quiet In evidence
In dealings for the future, but the
reports also give evidence that the
decline of wheat below 81, at all
large markets early in the week
had an effect on the tone of trade
In west central markets while hot
weather actedf as a bar to oper
ations in areas In the southwest.
where nevertheless' hot weatheriCrater lake In he ?ront rank o
. . Vj , . , , m j . I ..ii.iiii tut.t, in tttA ri after .if
had been Welcomed because of its
beneficial f f ect upon the cotton
plant. . ,1: ' '
. "Weekly bank clearings 86,925.-
680,000." I ..-.!? l
M. J. B. Coffee,
Gem Blend Coffee, a high grade smooth,
1 fine flavored coffee .
Mason Jars, pints. ..: ... -I..
j Half gallons
Good Luck Rubbers 3 doz. .
Dunbar Shrimp, 2 for .
Rosedale Salmon, 2 for
Norwegian Sardines, 2 f or .,
Pen Jell ...J...
Certo, 2 for
Green String Beans, 3 lbs. ..
New Potatoes,' 8 lbs. ....
Tomatoes, lb. .
... . .05
Green Qom, dozen .75
Bunch Beets,' Carrots, Turnips, Green'
: Onions; . Head Lettuce, Squash, Solid
, k ...... ... .. -C.Ov '
WB liJTO ITS
: U. CRATER HKE
Attendance There This Year
Will Probably Run to
The tourist season . at Crater
lake opened this year with a very
Wrge - increase. In .tourists, who
come from California, and ; from
all of the states in the union, as
well as the provinces of Canada.
according to John M. Scott, gene
ral passenger agent of the South
ern Pacific,, who has. Just returned
from an extended trip through
southern: Oregon and northern
California. Including a visit of
several days at Crater Lake Na
In the first 15 days of the sen-
son there has been a record In
crease of 75 per cent In tourist
arrivals, approximately 10.000 per
sons visiting this great scenic
wonder, this year, compared with
less than 6.000 last year,
i "If this percentage of Increase
continues throughout the season.
and there is every indication that
it will." said Mr. Scott, "the at
tendance at Crater lake this year
will number' close to 60,000 visi
tors against a total attendance
last year of 33,000. This will put
national , parks in the matter of
Road conditions on the highway
between Medford and Crater lake
and between Crater lake' and
Klamath Falls, Mr. Scott found
In excellent shape, with the ex
ceDtlon ! of a few miles between
Trail and Prospect, on the Med
ford-Crater Lake highway now un
der repair, but an ordinary ma
chine can travel 15 or 20 miles
an nour over mis sireicu wna
comfort. As a matter of fact,
automobiles - are now making the
mn from Medford to Crater lake
(85 miles) " very comfortably in
about four hours. , On the KlaiM
ath side, with the exception of a
short stretch, the highway Is nlao
in excellent condition.
Some of flew Annex Will
Be Delayed to November
it will be hard luck for the
glass-eyed and round shouldered
bookworm, hot duck soup for the
red-blooded athletes of .the Salem
high school that the school rooms
In the new high school additnon
will not -. be ready for occupancy
nntil near the first of November,
though the gym will be finished
and in service by . the opening of
the fall term of school, the first
week In October. y t
j until the first of November, and
-. . 1.23
CHARGE FOR DELIVERY
CHICAGO SENTENCES TWO TO HANG.
i 4 ?
lit V - ll
Vl) j .vw; , SI
I r -f - -Ja'i I a
i y.,- ' - sNi ; J
i r . V- - mi! y y '
Mrs. Ca belle Nitti-Crudelle and Peter Crudelle. ber star boarder,
were convicted of. the "hammer morder" of the forme's husband'
and both were sentenced to death. Sbe is the, first white woman
sentenced to bang In Chicago. ' i . '. "
he says that all this tlmn win
required to finish the building
and get it thoroughly seasoned,
ready for service. The present
rate of construction is satisfactory
but the, matter held for so long in
reaching an agreement as to plans
that there Is too much buildinz to
do to finish it much If any earlier
than the contract time.
The gymnasium. 99 by 73 feet,
inside measurement, will be about
4 0 per cent larger than the old
floor,, and will have seats for al
most 1.000 SDectators. benidpa
much larger and better nronor
tioned floor. The old gym was
so short that for basketball the
players practically had to re-learn
the game when going to another
floor after , having v practiced at
home. This year they will start
out even with the best.
Willamette Gymnasium Will
Be Completed Before
' 'i School Year Opens -
"Beginning last Friday to set
the posts for the floor in the new
Willamette university gymnasium
the contractors now - have the
whole main floor laid, ready for
the finish floor, and the brick
walls are laid for the entire baser
ment up to the level of the main
floor, with the walls up several
feet higher on the east and north
The progress Is well ahead of
the schedule originally ; outlined.
At . the present rate of construc
tion the building may be ready
to turn over tt the university
completed early In September, be
fore the opening of the univer
sity year on September 19. .
One change has been made that
the players ot every kind will ap
preciate. That is the substitu
tion of maple for hemlock floor
ing for the whole main floor. The
cost will run up several hundred
dollars higher, but It has been
figured out that It will be econ
omy if spread over a longer period
of years, and the maple will al
ways be safe and good. Nobody
gets blood-poisoning from maple
slivers In a long slide across a
critical floor. The maple costs
about $150 per 1000 feet, and It
also costs more to Jay. The hem
lock costs about $90 per 1000
feet. .' ,
The material Is on hand for
the -plastering, but the interior
finish will not be nut on until the
building. is roofed over. The
building is to have a plain shingle
roof. , . ,
About ,00,000 feef of heavy
fir lumber was used In the floor
and supporting , timbers for the
main floor.' The factor of safe
ty le being considered throughout.
The main gymnasium is 75 by
US feet. This will be about 16
feet longer and ,4 feet wider than
the high school gymnasium. ' If
will have . a larger basketball
floor, but not a great deal larger
seating capacity because the high
school gym has two galleries that
will add to -its room. It would
be possible to install galleries for
the Willamette floor If that
should be found desirable, though
it should have an audience cap
acity, sitting and standing, of be
tween 1200 and 1500 as It is. '
- The steel roof trusses are to
be 21 feet in the clear, and an
additional nine , feet in the cen
ter between the trusses. While
this is not all the clearance that
an ideal basketball floor would
call for. it will - be one of the
finest basketball floors In the
The working of the new tariff
law is worrying its political ene
mies. If the rates are prohibitive
imports would have decreased to
such a degree that the higher du
ties would hare yielded less rere
nue than was collected under the
Underwood tariff. " But the reve
nues have Increased to an unpre
cedented total, and the Democrats
who came to swear at the McCam-ber-Fordney
tariff ; law have re
mained , to sing Its' praises. - The
new. law. has dumfounded Its.ene-
Pfcter - Crab-It
Significant Growth Is Made
in Market of West Salem
Because they have been so deep
ly impressed v with its ; business
management, and its cuccess In
the face of tbe odds of inexperi
ence and small capital, . local In
vestors have bought up the Port
land control of the Oregon Wood
Products company in West Salem
and it is now dominated by Sa
lem owners. It has been plugging
along In a quiet but busy way,
gaining experience and strength
until it now ranks as a real com
munity asset. ': ""
; This week the traveling repre
sentative of the St. Thomas, On
tario, National Woodenware com
pany visited the plant , and ' icon
traded for a vast , quantity ot
broom handles.' He will take
twice as many the coming year as
they would have made in the past
year, running, to their then capac
ty. He buys especially ', the. long
handles, from 5 4 up to 108 inches
tn' length, for. export markets.' The
same company bought 12 carloads
of Salem products last year, and
comes back for,; several times as
many for the year to come.
The company has been interest
ing a 'number of enterprising
young men,' . who are both stock
holders and .factory workers.
George Weller, a civil and i me
chanical engineering graduate of
OAC is one. -He is now foreman
Of the shops. 1. P. Waring, until
recently a clerk in the Salem post
office, is engineer. H. E. Barrett
is the manager, and several other
local men are stockholders, and
employes. The company now has
about 20 employes!
With the addition of new capi
tal the company plans to go quite
extensively Into the manufacture
of hardwood specialties Buch as
axe and hammer handles. . The
Oregon white ; oak is a superior
material for such goods, and the
company has the lathe . and fin
ishing equipment to manufacture
these goods in quantities. The se
lected oak wood suitable for such
manufacture costs about $15 a
Richard Schei and Robert
Smith Actors at College
OREO ON AGRICULTURAL!
COLLEGE,. Corvallis, July 20.
Two students from Salem, Richard
Schei and Robert Smith, are the
only men' cast in three one-act
plays to be given by the summer
session class in community enter
tainment July 26.
Plays selected for the class work
are "Land of Hearts' peslre, a
writing of Lady Gregory's, found
ed on old Irish legend, "Joint
Owners in Spain." a modern com
edy by Alice Brown, and "Hearts
to Mend," a harlequinade' by Harr
ry Ovcrstreet. The students will
serve as their own. stage mana
gers, electricians, property and
costume managers -and- stage
hands, in addition to acting In the
Mr. Schei will take, the part of
Manteen. Bruin in "Land of
Hearts Desire, and Mr. Smith .will
represent Shawn Bruin in the same
i : i
Two large foreign corporations
that operate fu Oregon filed no
tice of increase In capitalization
yesterday at the office of the state
corporation department. Frye &
Co.. a Nevada concern, has in
creased' from $1,500,000 to $4.
000. 0Q0, and the Whitney com
pany, a Michigan concern, has
increased from $4,150,000 to $6,
650.000. ' . -' ;
Notices Ot dissolution were tiled
by the' Emerald Investment com
pany of Portland and the Sher
wood Telephone company of Sher
wood. " : - I ,.
The following Oregon concerns
filed articles of Incorporation:
Automatic -" Fire Extinguisher
company, ' Freewater;' ' Incorpora-
FOR WOOD PLANT
-SATUHDAY IIOIINING, JULY 21, icca
tors. It. B. Bean. L. A. Reinemaa,
C. Ii. Williams. C. H. Harris. C. B.
Harris; capitalization. $5000.
Eugene Foundry & Machine com
pany, Eugene; Incorporators, O.
W. Philler, James McGuire, R. T.
Burghardt; capitalization, $20,
000. :. '. I. .. - . y .
Green Mountain Asbestos Min
ing company. Portland ; incorpor
ators, Joseph Caviness, Emma E.
Wilburg, Wesley W. Caviness; cap
italization, $50,000. .
Importers Selling corporation,
Portland; incorporators, J. Fred
Larson, Helmuth Fischer. M. H.
Clark; capitalization, $1000.
Klondike . Fanners Warehouse
company! ot Klondike, ' Sherman
county; incorporators, J. T. John
son, V. II. Smith, Clyde U Frld-
ley; capitalization, $5000.
Pacific Wool Combing company,
Portland; incorporators. F. J.
Zweibel, j J. A. Willlngmyre, Leon
ard A. Fjerry; capitalization, $65,
ooo. ' 1. : V'-'H:
Mail Route to Newport
Is Explained By Gibbard
It is suggested from the Salem
postoffice that a lot of perfectly
good literary enthusiasm and con
jugal felicity is wasted when the
homes mail their letters
time to catch the 10:15
f fain to Newport. . Many Salem
people are spending the summer
at the coast, and those who are
left behind may count on writing
a daily! letter to; catch the same
train 's . they would themselves
take if they were going over. But
the train doesn't carry the New
port mall. That all goes on the
Shasta Limited. that leaves at
9:30. A. E. Gibbard. assistant
postmaster, urges that those who
want to reach . the Newport folks
the same day. should note this
mail routing and mail their let-
time.;;' v--. ....
postoffice authorities are
readjusting the carrier system, so
as to give one more carrier, on
the south side. This gives much
better service for the business
portion of the city, south of State
street, and It calls for a readjust
ment pf practically every route.
The same thing will be done on
the north side In the near future.
Prosperity Is Reported
- From Philippine Islands
MANILA, July 20. A 'balance
of trade amounting to $5,839,000
In favor of the Philippine Islands,
wes shown during the month of
April, according, to figures just
issued; by' the bureau of customs.
The total value of the. exports
during April was $11,600,000
while ithe imports were rained at
$5,769,000. , i; ;
- The total foreign commerce- of
the Philippines during the first
three j. months of 1923 Trenched
$51,177,000, compared with $39,
S13.O00 1 tot : the first three, of
1922, the ' exports for the first
quarter of 1923 eceeding the im
ports by$8, 334, 000.
8:30 to 6:00
I, .-. - J - . : ' ; ' ; ' : - -i ' - "'M:;"V
Oregon Growers Representa
tive Finds Outlook (AII
There will be a great crop of
pears from practically all the pear
prodacing sections of Oregon this
year, according to Earl Pearcy of
the Oregon -Growers. Down j at
Medford the crop la without paral
lel. . ,:1 . - ' '4 -:
" Prices, however, are still In a
sluggish condition. The Califor
nia pear association started in on
a price of $50 a ton, but finding
the market even for pears almost
as sluggish as for common or: un
desirable fruits, they cut - their
opening price to $35 a ton. This
may be assumed as . fairly; well
setting the',pricefor the Oregon
fruit. -Even' with the pears, which
are n international st&pie, the
wholesale and retail dealers', buy
ing has been so slow that : the
packers are holding oft In their
own purchases' of . fresh fruit.
Usually, England consumes a very
large quantity of the American'
Good, dependable Merchandise ori a smaller margrin of
profit than we do. 1 It Cn't be done. We pay NO RENT.
We pass this saving on to the customer in Low Prices:
LOOK 'EM OVER
' Lemons, per doz. ' - . - 85c
Best Creamery Butter ; 42c
Kellogg's corn flakes, 3 for 25c
Post Tosties. 3 for - - - 25c
10 lbs. New i Potatoes - j- 25c
3 0c package of Oats - -:.- 25c
Standard corn, per can -j 10c
6 bars White Wonder Soap t25c
Green or Wax beans, 3 lbs. 25c
- -- I'- -
Green Peas, 3 lbs, for - - 25c
Best Hardwheat Flour fl.75
Old Dutch Cleanser. 3 for - 25c
Certo makes' the Jelly Jell 32c
"JOE" ScDs Fresh Heats of aU Kinds x
. Good Meat at Low Prices
Damon Grocery "Go,'7
... .. - - '-. . .'..v. ".. . . ... ,. . .
899 North Commercial Street Salem
NEWS FOR SATURDAY
. Regular $1 JO Value
See Sale Price Below
Big men are especially invited to listen to
this 'ad.'! We have discovered 67 white
Negligee Shirts made from 'Fruit of the
Loom" fabrics. Every one guaranteed to be
"excellent rooiriy cut, durable seams, com
fortable. Be sure and bring your neck for
, . , ; Special
. . 1
pear product, up to 60 per cent
thereabouts, but this year t
English buyers are up to tL'i1
time buying practically nothi-
The sales conditions may char 1
for the better almost any d v
The pears still have weeks t j
grow, so the owners are still he; .
f ul that their magnificent cr )
will pay them as well as it lot: J.
Fine" pears are the rule in t 3
Marlon county pear orchards, ;
well as inV southern Ores ,
though there never was anytt!
like the Quantity here that the ;
is in the Rrsue River and Ue: .
qua country." .The local . app-.
also are reported as of tine qui;,
ity,' though not as thickly set ti
the trees as of some other year:.
At recent race meetings in Er
land and France numbers of fa" .
ionable women were seen wear!
bracelets of flowers. These we
of orchids' or rosebndes and we
worn above the. elbows, in so:
cases white kid shoes had a&l
straps of small rainbow-color
posies. Sometimes the? Goyrt
w.ere. artificial but mostly tt -were
the real thing. Now, son
Hollywood girl will be digging
enough violets to make a blarA ;
for her Airedale. Los Angel 3
Times. ' :
". Margaret "Vyilson. daughter t '
the former president, has enterc ,
the advertising field.' Father w: 1
fairly good alon gthat line.
Chlorax takes the stains'
from the hands - - - 20c
No. 10 sk. of Pastry Flour 45c
10-lb. sk Hard Wheat Flour CCc
Sweet Onions', 6 lbs. for -25c
M. J. B. Coffee - - 7 - ,43c
Royal Club """;- - - 40c
Hill's Bros. ; - - - - - 44c
Crescent - -, -. - - - 45c
Best Gunpowder Tea-- r BOc
No. 1Q Dark ft.aro Syrup COc
No. 10 Light Karo - - C5c
Red Raspberries, per box - 10c
Cucumbers, 4 for - - - 25c
See Liberty Street