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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 18, 1924)
10 THE tiBEGONSTATESMANALEM,-OREGON FRIDAY MORNING, JANUABY 181924 MSfMSIffl I i 1 1 nitET IRREGULA Utempts at Profit Takin leads to Series of Pro fessional Shorts I T - i NEW YORK. Jan. 17. Exten ir readjustment of speculative ccounts Imparted an irregular rend ..to today's active stock mar et after an early period of mod rat strength- Attempts of oper tors on the long side to tike prof s in some of the recent specula ve industrial favorites under over of tbe; buoyancy of the steel lares led to a series of attacks by rofessional shorts, "giving the af rnoon market a spotty appear ace. " I ( I Strength of United States steel Dmmon, irhlcpj'tquehed J.01 ie highest since Vast May was iunteracted 'by th weakness of tudebaker - which ij broke four Dints to 101 U. Steel closed a Dint below the top while Stude- iker, which, had been sold on un i vorsble , unofficial earnings re orU fpr the last 4, rallied to 32 - ou -President Erskine's -an auncement that the books had jt been. balanced and that the ported figures were purely less work. Baldwin and Ameri in v Can, the, other members of ie so called. "big four" closed at it losses of 1 and 122 id 106 respectively and after .Mag well above those figures Payment ot the last back dlvi nd an Republican steel jprefer- d testifying to the imprpved rnings posJtioa ot the industry as" responsible for the brisk tie- and for the steel shares. ; United States -Cast iron pipe ade a quick response to the dec- ration of a full year's dividend : . 7 ,jercent on he preferred xkt Jumping points to 76 and ea easing to 75. Action of directors pf the G. R. iKnney mpany today In clearing up ac mulated dividends of 3. per cent ithe preferred. stock apparently d bees discontinued as the stock jsed. .only K, higher at 61. - Pan American -oil shares had other sinking spell in reflec n. of the unfavorable Mexican ws, the-- common - dropping 2 1 the B stock 1. Other oil res held relatively steady, for week the report of the Araer- a petroleum showing- a slight !rt Ja the crude production which 3 more than offset, however, by shSra drop, in oil imports. A " bullish '.demonstration In vidson Chemical sent that stock more than ,3 points, the closing Ice, 67,; being .about : half ' a int from: the top. j Lehigh; valley, was- one - of the ong Bpots of the, railroad group islderaple . "discussion taking ce as to the ,value of 'rights' Jer the. completed segregation : a." Erie common dropped jnore an.' a. point , on . profit , taking, uthern railway touched a ,'re d top at 43, Other changes re mixed and narrow. . , . .. r rorelgn exchanges developed a ctionary Jrend i after the brisk y of the last few days. Demand rling dropped' more than a cent $ i.2 4 ; and , French 1 francs re quoted rouadf 4.64c. off 3 nts,vdesplU the rising of 'the nk of France discount rate to er cent... -.;.. . . . - .... Call monejt opened at 4 Ml and rped'to -C .. Time jnonejr and amerclal paper rates were nn .nged; -.4 , ', ;A ' CEuERAL MARKETS .1 ,. , . DRIED FRUIT . EW YORK, Jan. 17. Evapo 2d apples, firm: prunes, steady; icots, ' more doing; , Reaches, vly. ;" . :--. . '.. . .' , '.' .'. . '. WHEAT : IIXNEAP0LI8, Jan. 17.--Xo. aorthern. 1.I3 to $1.17; 1 northern dark spring, choice fancy, - f 1.21 to $1.27 ; 1 to chQice, $1.17 to $1.20 j ordinary to good, $1.14 to 17 ; Mayi $1.13 ; July, 14; a September, $1.12. PORTLAND, Jan. 17. Jrain uresi" "Wheat, blue stem, baart, itiary,' $1.01; February, Marchi 02; soft - white, January, Fab ry, $1.02; March, $1.01; west 1 white, "January and February, &2; . 'ard winter, northern lag, western red, January and jsruanv 8 6c;-, March, 95c. -;. . SALEM MARKETS I-- 3 GBAXS AXS HAT 1 wkt - . . 3 r4 iwkemt. Mckad bsr .. 901 eo 45o 3 4St -SIS Q 911 -S12 Sll fear, baled. 12- w S14 iict Rioted art vbelesal and an raeaived It farmara. Ko yatail o arc jiim. urept a noted : , . EGGS, BUXISBt SUTTESFAT vatry bntur ........9o (& S0 ertat dl)Trd . , - nt pnr wt. ,- .;, 93 .8 indard -Ueti . k -30c .28e .lc Hermiston to Yaouica is $2.90 a Norway; Marie Charlotte ZIrkel, j ton and to Tillamook it is $2.80 a Germany; Thomas Gregor BHgh, ton. The effect is an increasedmother, Mrs. um M YifH !. ISA 3 11c FO&K, U0TTOH,AXS SZJ - - tup, J50-22S lja, y-y , f M , top, "375-SOO, cwt i ) " . 7 " owj .SW .6.0 h heay . , , ' , t)n $ 05 t. dftwd i, . ..09 Vt O ... i., , ,-, .. 02 m ii D4V JNW COMMERCE COTvITTTEHEA"D, r;5rv m I I I 1 . V. .-. . .. . ! , t II n iJh-rt On -v i i - 'tJi SEMATOR XLUSOtC.VL. BMrra, With the aidof Sen ator La Follette (Wis.) and four of his follow ers Senator Smith (Dem., S. C.) was elected by a majority of one vote chairman of the powerful Inter state Commerce Com mittee, to succeed Sen ator Cummins (Iowa), thus breaking one of the longest and most stubborn deadlocks in the history of the Sen ate. Senator Smith's selection makes it high ly improbable that any railway legislation will be passed this session. The election was on the thirty-second bal lot, after two futile ballots had been taken earlier in the day. The break came when Sen ator La Follette con ferred with his follow ers and urged them to drop their support of Senator Couzens, (Mich.) and vote for Mr. Smiik. Oats No. 2 white feed, Janu ary, February and March, $32; No. 2 gray, January, February and March, $31. Barley No. 2, 46-pound, Janu ary, February and March, $31; No. 2, 44-pound, January, Febru ary and March, $30. Corn No.; 2 eastern yellow ship meat, January, February, March, $32:75; No. 3 ditto, January, Feb ruary and March, $32.50. Millrun January and Febru ary, f4.&o. Hay Portland hay, unchanged Naturalization Day Set for February 6 Ten men and women will be called for hearing on their natur alization petitions on February 6 and 10 others may appear for re hearing.' Of these four are wo men, two being citizens of Ger many, one ot Norway and one of Canada. . Those to have the first hearing are Einar Jacobson Dahle, Nor way; Helga Dorthea Braasten, Nor way; Harry Wilfred Bowden, En gland; Otto Ingtar . Andreson Canada; Ole Evens Koksvik, Nor way; Arthur Igance Demyttenacre Belgium; Franx Beal, Canada; William Frederick Burch, Eng land. Those whose cases are up for hearing having beeu postponed for various reasons are Parteg Parsegian, Armenia; John Wirth, Germany; Ramey Aven, France; Emma Wilhelmia Bombeck, Ger many; Frank Fiala, Czechoslova kia; Jack Bilde, Hungary; Paul Fuhrer, Switzerland; Fred Perci val Reddaway, Canada; Emil Jo seph Hansett, Belgium; Nina Sea mens Coffey, Canada. differential from: Hermiston 'to Yaqulna of $2.60 a ton and . to Tillamook of $2.30 a ton. Thi3, it is feared, will place eastern Oregon alfalfa hay in com-; petition with WiHamette valley clover and other Kinds of hay to the detriment of the Willamette product.. The immediate effect of the new rate ruling will be felt by the owners of upwards of 5,000 tons of hay now in warehouses in Linn county, it is said, ready to be shipped. If the ecast markets are supplied with eastern Oregon, hay, it is said, in all probability tho Linn county hay will be sold at a loss, if at all, for the principal markets for Linn county hay are at Yaquina and Tillamook. It was pointed out today by M Senders that the, producer is the only one affected and that because Linn county is an exporter and not un importer of hay, and Linn county's shorter haul advantage is greatly minimized if not eradicat ed by the reduced rates from east ern Oregon, where alfalfa is pro duced. Big Buying Rush- Followed By Sellers Orgy With Consequent Reaction r CL0VERDALE HAY REDlUCTIOX DISPLEASES ALBANY, Jan. 17. Farmers in Linn county may be confronted by serious losses through the new hay rates established by the state public service commission, effect ive January 21, it became known here today, with the arrival of an Albany rate sheet. While the reduction lowers rates from Albany to Yaquina SO cents a ton, and to Tillamook 50 cents a ton, the reduction from Mr. and Mrs. Walter Blaco and children, Cleo and Marcel expect to leave here Friday for Newport where business pertaining to their new home calls them for a few days. W. F. Wright was in Salem Tuesday on business. Mr. and Mrs. L. E. Hennis and daughter Mary were shopping in Salem Monday. Business called Mr. and Mrs. Prank Schampiere to Salem Tues day. Mrs. C. Drager and Miss Pearl Drager were shopping in Salem Saturday. A few of her friends and neigh bors gathered at the home of Mrs. C. H. Kunke Tuesday to celebrate her birthday. Mrs. Kunke is much better in health this year than when these friends met with her a year ago, ence all enjoyed te day much better. Miss Pearl Drager and her mother, Mrs. C. Drager spent Sun day in Salem with Mrs. Charles Haling. Mrs. Anna Whitehead of Tur ner spent Tuesday here with her C. H. Kunke. CHICAGO, Jan. 37. After i rush to buy, during which all fu ture deliveries of corn brought more than 80 cents a bushel to day, the corn market underwent at least a temporary reaction. High price records for the season were again broken ion today's ad vance. The close Mas unsettled, c to c net lower; May,' 794 to 79ic Wheat finished easy, Mc to c off; oats, Jc to c down, and provisions varying from 5 cents decline to 15 cents advance. Heavy and persistent profit taking sales here Were chiefly re sponsible for the setback in the value of corn. The buying rush took place when the market open ed, and for the Mrst time this season the May delivery touched 80 cents. On a subsequent bulge May whent went to 80, but throughout the remainder of the day the buying was ofeless force, and with sellers in a, majority the market had a downward slant. Sentiment, however was generally , Duuisn ana the reaction was re garded in most quarters as tran sient. Country offerings were larger, but in the min were held above the market. - Attention to the fact that ship ments of corn, wjieat and oats from Chicago exceeded the re ceipts and did more or les to tip hold bull confidence in corn, de spite today's price downturns. On the other hand some gossip was current that prolonged holding back of corn by farmers suggested greater surplus J, to come, out later on. Wheat eased down with corn, notwithstanding taiK of an international loan to ' Germany. Some selling of wheat was said to have been induced, by the threat ened British railroad strike. Elevator interests were sellers of oats. , .' Provisions averaged higher in response to the course of hog; val ues. . - 1,. '..-I : COQL1LLE ,WOMAX MILL MAKE TRIP TO HONOLULU COQS BAY, Jan. 17. Mrs. Ida K. Owen and Miss Edna Harlocker of Coquille will sail . from San Francisco tomorrow for Honolulu, expecting to spend three months in the Hawaiian islands. They will first visit Miss Harlocker'a uncle, Judge James T. Coke,' and family in Honolulu and later go on to Hilo for a visit with her brother, Frank J,. Harlocker, and Tamily. Mr. Harlocker was for merly with the First National bank hare. Mrs. L. Harlocker, mother, of Miss Harlocker, will make her home in Corvalis with her daughter. Mrs. F. E. McKenna. Coos Bay Times. The disheartening thing about the human race is that the ablest critics are not good for anything else. MUCH USED LAW ' NHIE Attorney General Says He May Ask Next Legisla ture to Repeal it The law( that authorizes the ap pointment' of special prosecutors by the state to go Into tha coun ties and assist in prosecutions, or take charge of them entirely, either ought to be repealed or pro vision made for an assistant attor ney general who would give all of his time to criminal work. This is the opinion of Attorney General Van Winkle and he says he is go ing to ask the next legislature to legislate one way or the other. The continuous appeals that are coming from the counties for the appointment of special prosecutors inspired the attorney general to make the comment. He declared ' it his .opinion that the .old system where a district attorney's 'Juris-; diction embraced several counties; instead ot only ..one county, .was" better than the present system, lor the reason that it TequirecL the district attorney to give up about all of his time to that work. ; . f f Under the present , system,"" said Mr.' Van Winklerhls:reg:ular legal practice takes most of his . attention, and the office off district attorney, in many cases, is only a side Issue." ! Blanks That Are Legal We carry in stock over 115 legal blanks suited to most any business transactions. We may have, just the form you are looking for at a bhr saving as comparei to made to order forms. Some of the forms, Contract of Sale, Road Notice, Will forms, Assign ment of Mortgage, Mortgage Formsf Quit Claim Deeds, Abstracts form, Bill of Sale, Building Contract, Promissory Notes, Installment Notes, -General Lease, Power f Attorney, Prune Books and Pads, Scale Receipts, Etc. These forms are carefully prepared for the Courts and Private use. - Price on forms range fropi 4 cents to 16 cents apiece, and on note books, from 25' to 50 cents. PRINTED AND FOR SALE BY The Statesman Publishing Co. LEGAL BLANK HEADQUARTERS At Business Office, Ground Floor. i , i it ? We will sell all of our nearly new Fords at an additional cut below our already lowest prices. These are not Fords that Have been turned in on new; cars but are the cream of the market that we bought for cash from people who needed money. 7.& Esktras Free ; HERE ARE A FEW, 12 Ford Tourings, late models, high radiators, can hardly M E be told from new, would cost new $550.10. Our price "uw t 4 Four-door Sedans, would cost you new $915; while they JyQQ 1 Two-door Sedan, yours $5 00 - 1 Roadster, late model, high radiator, would cost new , $518.10; this one can not be told from new and we Mflft willseUit at .. Ptuv l..Roadster, high radiator, just like new; would cost new 5463; but its just nearly new so you can nave u Jjjjjy $475 X 1923 Ford iCoupe, double Hassellers and a, bunch of other JMQC ; extras; we will sell this one at 1J 1 Nash Six, cord tires, all around, bumper, spotlight, only Jg75 . been run a -short while 1 . v Think of it-$675. 1 late. 1923 Touring in best of condition, one man top, cord $350 tires; ihis is it dandy buy for someone at piuu for 1 Chevrolet Coupe, late model in best of condition LOOK, Extra Equipment that is necessary to make an automobile a -saving besides ..$17.50 ... 1.90 ... 14.50 5.50 ... 5.50 ... 11.00 .15.00 Speedometer . Dash Light i Bumper .... ..i-v..... Spot Light- -4 - Automatic Rainswipel. Extra Tire and Tube If 1924 License .. .. Equipment Price of new Ford Touring ..$70.90 $479.20 Total .. . Our Price .... Save ...I 'v: $550.10 $450.00 ... ... .,$100.10 AND A FEW MORE Jr" v TO SELL "AS IS" 1921 Ford Tourmg in best of condition $235' 1920 Chevrolet in dandy shape $190 1919 Oakland Six, 3 Cord Tires and in good mechanical &9AA shape - ...u . to"U 1917 Buick six in excellent mechanical condition and has ! or fl ail new tires; its a snap at . . , , , - ?DU 1919 Chevrolet Touring, a good buy , $60 1919 Chevrolet Touring in dandy shape 7C A light Delivery Ford, not a wreck, a good serviceable fc 1 AA YWU I -$50 $40 $30 $475 a?3f feheI!l J.tuck-Vm?ke an offer and SM what we'll do. ' 1921 Maxwell, disc wheels and late type rear: end. llere U49nn WdVH 1917 Maxwell in good running order. Cord tires and sijirtcr rT--T.-.....-..fc-M Ford light delivery that will give tots of service 'for One Ford . Touring A Samson Truck in best of condition for a good buy for some one at 90 DAYS SERVICE ON EVERY NEARLY NEW FORD USED CAR. TRADES OPEN EVENINGS AND SUNDAYS Ferry; and Commercial Streets, opposite Marion Hotel and Ferry) Streets i TERMS 184