Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Feb. 2, 1924)
SATURDAY MORNING, FEBRUARY 2, 1024; f 3 " A Page Giving COOD MARKET NEWS A ku ide for buying G rocerics, ,lt J1"1 Food Supplies. WATCH THIS PAGE ill,.,' :' ,. It will save you money on yorir table supply, THE OREGON STATESMAN, SALEM. OREGON I' 4- HI 1DT01E U. S, Steel Common Reaches Highest Price Since Last April r , . . NEW TQ&K, Feb. 1 .Stock prices ..displayed a , firm under tone In today's active market de spite considerable bear selling and profit taking In various sections or, the list. Establishment of a new. high record for all time by American. Can at 122 -8j and a further' rise in United States steel common to 107 'i, the highest , price since last. April, .were among ' the day's features, although both Istorksycancelled their, gains and "IIAVK YOr-j PEERLESS .'-'M - .. BREAD? ' " Yes, madam, we Jiave, and what's tinore, we guarantee the purity, t weight, flavor . and , wbolesomeness of , our loaves. ( We use the highest .grade,- flour and , materials mi employ the mosf modern methods t , kneading, mix ing and ,bakipg. , The Jesuit is-our supreme ;loaf." Always ;a.HMt-better." Peerles&Bakery j. 4 4? Commercial ' J . J ... Phone 308 Ho Rent Bride of Washington $1.55 1 A Guaranteed tHard Wheat Flour Old-Dutch Cleanser 2 for Del Monte ;Full 3ilbs. Seedless Surikist?Lemonsrdoz. 25c ' ;", ' : Large feghggs, per dozen 30c lOc-.b'ars Toilet Soap 25c Violet Geranium, - 2 Quarts Kraut for 25c 10 lbs. fancy Star and Climax Tobacco ! '""i i : ;5 lbs. Glover V .' : i . '' I. Honey for ; v .J Bring Plug i v J j ; YouTT be Surprised at the Nice Lean Bacon 'f 1 Now on Sale VBest Values to be had anywhere" is the potent factor tViftt i hrincrincr us better business than you find in two ordinary stores. Make out park in front of our store ply of fresh meats. Buy the same time. . Sirloin-Steak Pork Roast .. :.15c; .......U-.15C r DAMON 'MO'S" GROCERY GO. MEAT MARKET 1 ' 699 N. CommercW St. closed at small fractional losses. Speculators for the advance were encouraged by the further increase in the federal reserve ratio, which- brought it to the highest level since the spring of 1917 and a report of unprecedent ed railroad traffic in January. Rails made a better general' show ing than the industrials South ern railway creating another new record price at 47 7-8, the St. Louis Southwestern issues advanc ed about a point each, all being based on speculative expectation of an early, resumption of divi dends. Independent steels show ed considerable strength on re ports at increased operations and higher . earnings. Bethlehem closed nearly 2 points higher at 60 7-8; cast iron pipe moved up 1 3-8 and Gulf States steel and Republic closed more than a point nigher. Tobaccos developed tem porary strength but were unable to maintain their gains inthe late wave of profit taking although American tobacco closed 1 1-2 higher at 154 after selling a point above that figure. , Testimony before. Senate com mittee bringing the names of oth er former cabinet officers in the oil inquiry resulted in a renewed attack on the Pan-American is sues, each of which closed about 1 1-2 points lower. Rubbers still felt the depressing effects ot tire cuts, Kelly-Springfield showing a loss of neaTly 1 1-3 points at the close. Pacific Oil and Standard oil of California were heavily sold at the close, each dropping about 2 1-2 points on reports that the latter might be compelled to give up its holdings in the area under senate investigation. A further remarkable rally in sterling, which carried demand bills above 4.35, an overnight gain of 5 cents was the feature of the foreign exchange market. French francs again sold above 4.70 cents I and other European rates improv ed in sympathy. Call money opened at 4 1-2, dropped to 4'4 and thence to 4, re. fleeting the passing of month end requirements for funds. Time money continued firm with the market still on a 4 s4 percent ba-j sis. The commercial paper mar ket was dull, prime names com manding, 4 per cent. 65c- 15c Pints Raisins 25c Size Peroxide and Etc. Onions 25c . . 67c Alfalfa r. - .' 75c Container. 19c your list of grocery needs,' and stay as long as you wisn. your meats and; groceries at . . Beef Roast Hamberger 12c .10c Low Prices Catsup HOW THE CATTLE MARKET BEHAVED IN 1923 ' ' huhoe Jtn n. p mv mhi juiv ug ITepToct Twov I pcc "c5?Ki"H 4QQ 000 ih mopo t10.T0 j J ' 350,000 . "M - MS ,000 o : I Aj 100,000 "MS I J A 275,000 W-" If I 250,060 .1? 1 i t,,BOt ft t' ' V I J WW 200.000 pi drtsfeity AJL .mmi jo j I :f l j iso.ooV ! US.OOQ 1 HO Vr 1 J 100,000 100 I p L 75 000 ,M0 ' lM fj V o,oo T j J ; z opo ft 10 ' M KnVCX 0lcn,TVML rtWMMTtOM - J ' ' ' iii . ... i i COR two years corn belt cattle feeders have been working at a profit. Corn and feeder cattle have been cheap, beef cattle biglt Uie ideal money-making combination, frlce for good steers at Chicago during the first eight months of 1923 averaged $10.06 per hundred against $S.!H1 per hundred during the first eight .months of the previous year, accord ing to the Sears-Roebuck Agricultural foundation. The foundation re jiorts that the average farm price for cattle increased around 4. per cent In the past year. Range cattlemen have not fared well. Feeder cattle are selling low even those that go as beef. Since before the war cattlemen of the range have been hanging on by the skin of their teeth. Now the skin Is pulling loose. Production costs on the range have not come down as much as for the corn belt feeder. Rangers are losing money ; they are cutting down on the .volume of operations or are getting out of the cattle business entirely. While the range contracts, the corn belt expands. There were more fat cattle shipped to market In 1923 than In 1922. Receipts of beef cattle at the seven leading markets during the first 48 weeks of the year show an Increase of 2 per cent over the receipts of the same period the previous year. The average cost of cattle for slaughter under fed eral inspection for the first ten months of last year averaged $7.0S per hundred, as compared with $6.75 during the same period of 1922. Balancing the 2 per cent gain In production, there has been a 4per cent increase in domestic consumption of federal inspected beef during the first eight months of last year. This is only a slight Increase in per Capita Consumption, lt'8 a Chancre In th nnr-hnsinr lvra-pr nf Hio'lnhnr- Ing classes that Is responsible for the increase In domestic rieiniind. Present indications are that the domestic consumption will continue at Its present rate during the early part of 1924. But there is little chance ior any increase, according to the Sears-Roebuck fact finders. About 2 per cent more cattle will be nlaced on fped this wr than last. Feed costs tend to be moderately higher, in' spite .of larger grain crops, nay prices are nigner, due to the crop shortage. But feeder catUe prices have been a little lower since early fall, and this decline may offset the tendency toward higher feed costs. iiore cows and heifers were sold in years. Out on the range stock is sure sign that before long feeder nqaiuauun, oi cows ana neuers aunng the rast year seems to show war. a turning point nas Deen reached. Small Red Radishes From California Available Now On Markets Small red radishes from Cali fornia are available now on the market, three bunches for 25 cents. Crisp and fresh these new arrivals are welcome forerunners of the spring vegetables. California spinach is of good quality and is selling for 15 cents a pound. California Peppers are retailing at 50 cents a pound and are of good quality. Leaf lettuce is coming in now in good quality and quantity. It sells at two pounds for 15 cents. Sweet potatoes are selling now at 10 cents a pound and cauliflower retails at 20 cents a head and up. Red bananas are selling for 15 cents a pound, grape fruit 10 cents each and lemons are selling at from 29 cents a dozen up. Oranges are selling now at as low as two dozen for 49 cents. r GENERAL MARKETS WHEAT MINNEAPOLIS, Feb. 1. Cash No. 1 northern, $1.17 to $1.21; No. 1 dark northern Bprlng, choice to fancy )U5 to $1.31; good to choice, $1.21 to $1.24; ordinary to good, $1.18 to$1.21; May, $1.16; .July, $1.17; .Septem ber, $1.4, ' PORTLAND, Feb. 1. Grain futures: Wheat, blue stem and baart, February, March, $1.03; sft white, February, March, $1.02; western white, February, $1.02; March, $1.03; hard winter, Feb-. ruary, March, 98c; northern spring, February, March, 97c; western red, -February 96c;Mch. 97c. ary, March, $32.50; No. 2 gray Feb. March, $31.50. Barley No. 2.; 46-pound, Feb. $31; March, $30.50; 44-pound, Feb. March, $30. Corn No. 2 eastern yellow shipment Feb $33; March, $33; No. 3 - ditto, Feb. .$32.50; Mch., $32. ' Millrnn February. $25; Mar. $24.75.' : J lay Unchanged. - 1)EIE1 JFRVTT NEW YORK. Feb. 1. Evapor ! ated apples. firm; prunes, firm; I apricots, .quiet; peaches,1 fairly ac i tiye; raisins, firmer. ARE PLENTIFUL NOW last fall than at anv other time on the bargain counter, whirh is n prices will come up again. Heavy Time to ApplyF Nitrate --pi a ' Near for Fruit Growers! Prune growers are being warned that the time to apply ni trate to the soil is near at hand and to give attention to the culti vation as soon as possible. In order to obtain and develop size In the fruit it is necessary to hold the moisture of the early rains, according to Earl Pearcy, of the Oregon Growers association. Nitrate is being used with great success, Mr. Pearcy said yesterday Careful application and early cul tivation are necessary. Nitrogen dissolves readily and is easily ab soroed oy tne sap, assisting in carrying the flowers through and setting the fruit. Between 200 and 300 pounds to the acre is necessary, an average of two or three pounds to the tree. The ni trate should be sown broadcast he tween the rows and about six weeks prior to blossom time. I SALEM MARKETS Fresh steelhead are being of fered at 25 cents a pound. Both Extra Special Boiling Beef, lb.. 6c Pot Roasts Beef, ab. ftoc Prime Beef Roast. 4b. -WAtltiatton s hancy Fancy. Sirloin Steafcn lb. :..15c Round Steak, lb. 16c Freshly Ground i Hamburger . a 10c Sausage Meat, '2lzc Pork Steak 14c Pork Roasts ...A2Zz Armour's Very Best Cheese 35c Salem Rublid Market Corner Stateand Com'l 1 j.: Phone. 205 Try I crabs and flaws are.plentiful, the j former rasping front 3." cenis to 4-. cents each, and the latter 10 cents a pound. Shell, or butter lams35 tents a pint, solid pack. Eggs have dropped off 5 ents. buying price. Quotations for eggs yesterday iwere SO cents a dozen for the sejects. These; were q noted at 35 teats a dozen earlier in (he week. GAIN AND HAT 2 wheat . .001 NK' 3 red wbeat, tackad .- 9H Oats .4!c 6i 4it Cheat hay $12 U U Oat hay $12 id $14 Clover hay, baled - $12 $14 Prices qnoted are wholesale and art prices received by larmern. Ho rota) prices are given, exrept as noted: EGOS, BUTTER, BUTTEEFAT Creamery bolter .... ... ....49c fiOt Uutterfat delivered 60s Milk, per ewt ; ..$'2.'Ji seleet . -..Uii? st:inlardji r , 'SHr l'ullets .... . 2e EQVLTS.Y Heavy heni. .'. ,...l!)e Medium nnd lijrli hons ..., 1 1c PORK, IfvTTOK AND BEEF llos, top, ir,i 2ar ijK.rwt r.o Holts, tup. ii:-n ewt $7.00 Hoics, top, S7a-aO(J, ewt .R... .itht hows, cl...' S.".00 Rourh heavy 04q 6i OSo Top Veal, dressed Cows .: . -.03 V4 (ft 0-Vj Top lambs .....v! i-...Vfee Horticulturists From Um- pqua and Willamette Val ley Will : Confer . t ' ; 1 - ir f Final preparations for a meet ings of Prune growers from the Willamette valley and ; Hmpqua districts affiliated with the Ore gon Growers association were made at a meeting of the board of directors Friday. Plans e( re incorporating the organization un der the new contracts to be signed up aud effective after January 1, 1925. will be discussed at the moetins, ' which will probably bo held next week. Under present plans the association will continue under iti present name and will continue on a strictly dried fruit ba.,is, dropping the fresh fruits. Organiza-ticn of the fresh fruit growers association, witn a liai son to the present Oregon Grow frsassociatiou, is being discussed, it being believed this, methods will help solve the marketing prob lem. It is possible that both the dried and fresh fruits will be handled-ryt-a selling , agency -IJ nder one brand. " V Minto Prepares Report For City Councilmen Fines collected during January totaled $736 and jail sentences numbered 70 days, according to the monthly report of Chief of Police Frank Minto, which will be presented to the city council Mon rfav niirht. There were 112 auto- UH7 O''" mobile accidents reported. The police received 422 complaints and made 151 arrests. Speeders topped the list of law viointnrs. 28 havine been taken into custody. Thirteen men were arrested for being drunk and one for nossession of liquor. Two au tomobiles were reported stolen fThosp were recovered by tne ue- nartment. Burglaries totaled 15 for the month iwhile three men were ar rested on burglary and larceny v,iTFaa vino hicvcles were re- ported stolen and one recovered Free beds were, given 130 men. If ;JoyeiB bliss, blistler.l ' marriage is the For Sal Sugar Cured Smoked Meats Barton!s Light Fancy ; IBacon, lb. 25c Breakfast : Baco n, lb: :. - .22c; Aledium Bacon, lb. a6c: Barton's Pure Lira 1 No. 5 pail 65c Partons Pure ; , No.il 0 pail Lard $15 Barton's W. Hams lb. ... 25c Best Creamery :. ' ; Butter,' lb. . .:1.47c! - at. PliEGIJ GRAINS OVERTOP Speculative Buying. Consid ered Responsible for New : Prices Paid CHICAGO, Feb. 1. With strik ing unanimity wheat, corn and oats today all' overtopped one of more previous high price records for the session. Active speculative buying was largely responsible, but was later offset in part as a result of sales to realize profits. . Wheat closed unsettled at the sanm as. yesterday's finish, to 5-8 cent higher, May $1.11 1-2 to $l.HJ-$ nnd July $1.10 1-2 to $1.10 5-8. Corn made net gains of a shade to '3-8 6t 1-2 certt. In oats,, the outcome varied from 1-8 cent ' decline to 1-8 cent advance and in provisions the close rang ed from 7 cents off to a rise of 17 cents. Liklihood of crop damage had much to do with encouraging the purchase of wheat. Alternate in tervals of thawing and freezing weather was the principal factor in this respect. Fresh strength in the corn, mar ket developed chiefly from reports of bad condition of country roads and. because of arospects that ru ral stocks of corn stood in hazard oi deteriorating under present ad verse weather conditions. Unusual scarcity of oats was re ported, especially at St. Louis and Minneapolis. Besides, there was much " closing out ' of spreads iu oats between here and Winnipeg. Irregularity in the provision market came about through pack ers celling lard, whereas commis sion houses bought ribs. Well-Equipped Stage tof Take Glee Club on Tour When Willamette university glee clubs start on a concert tour this year they will travel in a brand new, specially heated and lighted stage, one having been added to his fleet of three other stages by J. W. Parker. This will be in kGL JUST A FEW OF OUR EVERY DAY PRICES Post Toasties ; or Kellogg's I Armour's Fanc j Star I Fancy Sugar Cured Armour's Mediums Wt. Sugar Cured i Barton's Sugar Cured Old Dutch No. 10 Sack Lang'sfBest Bulk None Better i - Best Creamery . Carnation 'Brand Solid , Pack No. 214 Size We carry a complete line of fresh fruits, vegetables nuts, dates' v 's PHONE 14 imler Tor thc-Jirstjrlp, to be taken byhe girls' plee'club next week. Th.is machine will bo used for this IMve, of. work exclusively and also serve as"an.'extra machine in any emergency. Both; WillameU and Univers-ityof- Oregon girls' clubs were taken on their touts" by Mr. Park er , .last year. In . addition to the trip next week, Mr. Parker will also take the-girls to Seattle the last of 'tlie month and the boys as far north as Vancouver, B. C. 4 in iiarch.- Air. rartpr has been conveying the girls to the Leslie Methodist church on Sundays throughout the wiuter. The girls will leave Salem Wed- EAT U. S. Government Inspected Choicest Quality Kinds of Fresh Cured MeatS"?Eure Lard, Sausages, Etc. STEUSLOEF BROS Court and Uberty Streets ?PJione ,15.28 CORNFLAKES HAMS PICNICS BACON Bacon Squares Hotcake Flour BUTTER TOMATOES .and Candies CLEANSER BEPEER SCOT TISSUE MILK rVhere Highes t Quality and ' Lowest Prices Meet j ncsday. Ftb. C. and offer a con ceit in Albany that night, a change in the original schedule. The fol- . lowing day Mr. Parker, with a. huge banner on each side of . stage, will drive to .Albany and pick up the songsters, who will sing In Roseburg February 7, and Grants Pass the next night. Feb ruary 9 and 10 will be spent in .Med ford, stopping over Sunday.' The following night they will ftp-r pear In Ashland, doubling back to Coquille for a concert -February'' 12. The next night will find them in Marshfield with Cottage Grove on February 14. ' .The club ex". peels to retura.ta Salem February 15. ; ' . (J J and 3 Cans For Per Sack .... Per Pound .. Per Roll..... Per Pound .. Per fCaseL-i; ;6Sc 18c 1 1 c :65 $4 v! Per Can 456 STATE rrr -rr ,For ....:25C I Pound -.Pl. i: Pound Pound ....-jG '.'J Pound ...-. Jpi is : f. 'i