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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Feb. 9, 1924)
! M ' ATCH TIT1S" PACTT GOOD MARKET NEWS Every Saturday Morning :lytoriuyin Groceries, Meats and'Food Supplier ' If . Will " tiTVi rMiri'nmr nn krrafr 'U ". 1 SPECULATORS GET ITS arrival in the family of canned , HOW TIfr IIOS UCKT BEHAVED IM 1923 fruits it is not as welt known to . the housewife as it should be eon- !. sidering its usability. . ' .! The canned grapefruit Is another ' .V RALLYING POWER w:ct Etr.iy TROji or mos phiccs and Ricttrts rrenr FE8 T 'S3- Z S ni E P0UM0S I i ts cotivenienee for the ..' housewife T I V, :4 pm. .. since, there is never, difficulty. S nun l lie KeiuiiK n poor iuainjr ul . fruit as may happen at some mi-.h sons of the year, very easily. Also : it makes the grapefruit an all sea son. dish each season just as good ?v as another -since the fruit is can- Libera Buying, of Corn for Export Is factor in Price Y Changes Made Recessions are Forced Thru out List With Help of Sales Volume New Forms of Salad Fruits or Popular Breakfast. FruitAvailable B i r att,. niRrarn rn i - - uuuo-rnu ii JWft8HBPR i MV JJUHC JUtY UUClSEPT OCT NOVl MARK CONTROL M I I i 1 III II III iCMMWttXAT m . w m w . . 1 I ". I i'm 4. " i- . ...... v'- ..jr-rr. t-.'4 i "1 i - - b i iff' . 1 i : i riUCAGO, Feb. 8rowor to rallr'from dllnes gliowpjr itself todaV botH . in com an wheat. IJboM.r Vuyinff or corn for expbijt wair -factor.- -Corn ,comA firm at he same as yesterday's fluish. to-'i to 4c higher; May, 81 c. WSoat finished unsetUea. ?c net lower to 4c advance; ilay. i to Hai.ajid JuiyHtfUl4 to .$t.lt. with oats a shade to ff1Ac down. aid " provisions vatryinR from 7c decline to a rise "f 2e. Demand for corn suddenly ex- expanded near the end of the day arter the market had bon under Kolng a series of price downturns that accompanied general nelllnc; based on reports of more favor able conditions for the movement of the crop. In particular western railroads were said to be overcom ing recent storm effects; on, th,e other hand, country ijrerinfc tq ?I -STAND BEHIXll jJ 5 " PEERLESS MEAD" lays the ' shrewd housewife to us. "That is because I've iried and tested itjin the 'light of time and etpeilence md I know it is evearb'etter than I could bake K home. ; Besides, save Mil that fcother and annoyad Tne .(umilyiTall want 'jPfeerless i-wrea'.w.M f ;"AL(rays,4bit better. 170 X- Com&ert-Lil : ? Phone 308 .1 You GOOD THINGS TO v f ; Don't You? Here they, are at prices which you can afford to buy them. lice Light Bacon, lb. 25c Cottage Rolls, lb. . . , 17c heedless Raisins, 3 lbs. 25c Sugar Corn No. 2 tins, 'i 7 Cans . . . 77c yaLIppidfack I Tomatoes cans for 50c lut Marger 25c Today is "joeV' last day. He goes north with the geese. He will have some real J bargains in meat today. Damon G "JoeililarUet 899 N. COMMERCIAL ST. tr - ' 50 jl ; 1050000 ' ,3 L iv r 1 j tjoooooo JvA- jUL-i-ksas- -115i4l VJ . ; - soaooo yHVt--: i n waoo- ST.W U 1 fi S. j 75(1000 i v T T n IT " v iW' J. JL h- -i Li Li I Lowoo T.30 y J t;acoo j I Jl i I Y 6C0Q00 -2J-- JUrfX -J-C 53500. M-Q ; 1 1 V ; t I 500000 T0 y ft 45q000 tC.S8 ' : - ' trM ik rDC cif uitui. FotNimTxiN 40QC00 ZJ OO prices did the expected thing during 1023. They troppod even lower than a year ago, according to the Soar-Koobuok Agricul tural foundation. , During-, the. war every effort was made to stimulate production. Today the United States is raising twice us many hogs as six years ago. Exports average twice a heavy. But th prices Europe can af ford to pay are, the lowest, and these low prices affect "not only' the 15 to 'JO per cent of the crops? sold abroad, but' the entire crop -wlrich the American consumer buys. -Exports of hog products during 12.' were about .a third larger :than in IQL - Even on a dollar basis, foreign coun tries bought mnch more heavily than a year ago. Europe will continue to buy' u) fo4g as the American prices reniUltt' low. .' ' ' All the world Is eating our pork, yet the hog man who is making it isn't getting full pay for his time. He Is oversnpplied. The corn sur plus of two sears ago has been, turned into pork. Jn-the- lirst nine nibnths of 19JK, production. increased 4J6 per cent over that of the first nine months ilifJ2. -Between January and October, of 3 921 there were 20 per cent more hogs slaughtered under federal inspection than dur ing the same period of the previous year. In both years the average weights were practically the same, yet the government's report shows ,4bot jonjjt $0jQll,WXX mora .wus, paid by slaughterers f or, CO per .cent more bogs. , v t .v-:-'..;1-" :' i.---- Production increase has been offset by an increase of 23.5 per cent Increase in domestic consumption during the first nine months of l)23 and a 37 per cent increase in pounds of hog exports. Still there were 5,000,000 to 1C0OOJDOO head more hogs produced In 1923 than domestic consumption and export trade could absorb at prices profitable to the -grower. . , . . The-tendency now iyttf cut down production. But the indigence of tlds curtailment wilinot be felt until some time, next -summer, as -both 'the spring and fall pig crops of 1923 were large. The market will con tinue to be well supplied with hogs, especially-during the first few months of 1924. Because of the ratio between hog prices and feed costs it is evident that the number of sows bred for the spring litters will be greatly reduced. This will lessen market receipts next fall and winter. With the curtailment of production started, receipts of hogs in the last half of 1924 are likely to be lighter than they were in TU23. Corn probably has passed its highest point. "The hs- market is due for a rise in the next twelve to eighteen -months. The corn-hog ratio will likely become favorable by the latter pact of 1024. But for the present hog -prices remain low.' ' ' arrive we're light!, and the fact de veloped that within the last 48 hours about half a million bushels of corn had been boughtr'ioJb shipped to Europe. 1 Sharp falling off in Arganfine exports of corn waSre'ited-nd bulls .cpntendatbaitirrthgrJhji po riant ' Ka1t.ean3torcojrn iilnieaa. ff onl tnflr-halted States Like EAT larged incjuiry for cash corn, aside irom export business, also was noted as the day drew to a finish. Wheat trading was narrow and the market 'raUiej:fJttt corn. Word of heavy shipments from the Argentina and Australia tended to depress wheat prices during the early dealings; subse gueptfcrr. notice , was taken -p! re- pormnat ffomesncrarm noiaings of wheat are small. Increased receipts eased 'the pats market. - x r or tne most part provisions were lower in line with hog val ues. Salem High Invited to Send Contest Speaker OREGON AGRICULTURAL COLLEGE, Corvallis, Feb. 8.- The Salem High school has been asked to send a representative to the public speaking contest which will be one feature of the educa tional exposition February 22 and 23. The OL; A. C. Chamber of Commerce ii conducting, this con test. Chambers of commerce in alt parts of the state are planning to arrange for special booths to show the community industry. Ar rangements to entertain 400 high school students at the exposition have been made by the house com mittee. I GENERAL MARKETS I BUENOS AIRES, Feb. S. Close wheat, c higher. LIVERPOOL, Feb. 8. Close: Wheat, 5-Sd lower. PORTLAND, Feb. S. Grain fu tures: Wheat, oats, corn and hay, unchanged. feeattle Hay and- grain un changed. .-' : SALEM MARKETS OBA2N ABU HAT No. 2 -wheat 90i 90 N.' 3 red wheat, sacked 0t rhtet hi, ..45e (a 481 tl 0 9U Oat-hay 12 91 Clover hay. balad 13 & $14 Prices Qooted, are wholesale and ail priees received by farmers. X retai prices are gflflfl HIITTliR. STTTTSBTAT CrBamery batter' -v 50 5lc Rnttarfat ltilivrel 1 -5If Milk. Dr ewt. $2,21 f1tf. aelwta . Standards l0lleta ..25c ZZ..Z:"t: 23 FOuLIS K li.na l.,:' '. 1$ Mslitim nil lirht hn. L 14c .. wtn.w- arrrrTOtr A1TD BEBS Rors, top, 150-225, It-' CWW $7-50 Hnk ton - 225-75. ewtZ $7.00 xj . 7;.3ftfl nrt 96.50 NEW YORK, Fob. S. Specula tors for the decline assumed con trol of today s stork market, foro iui: recessions throughout the list with the help of another large volume of realizing salen. Opera tors cm the long .side showed lit- tio disposition to follow up their recent advantage, hut' distributed supporting orders throughout the i.sl to keep the decline in check. Not declines in speculative issues ranged from small tract inns to two points. . Absence of any developments ikely to affect the general market was construed by many observers as confirming the reports that the market was a corrective one and to be expected alter almost ten days of steadily rising prices. Some Felling undoubtedly was in spired, however, by the temporary firmness of money rates, call funds renewing at 4 . per cent, but slip ping back later to 4 U . Oil shares bore the brunt of the selling pressure;; Atlantic Refining dropping 5 points. Tidewater and Standard Oils of New Jersey and California, Houston, Mary land, Pacific. : Mexican Seaboard certificates. Philips and Royal Dutch losing to 2 points. common I United States Steel dropped one point to 7 06, and Baldwin and Studebaker each clos ing 1 H points lower, the former at 12'. and the latter at 102. American Can yielded only slight ly to 11"$. The floating supply of steel common was reported to be the smallest since the corpora tion organized as a result of -the authorization of the purchase' of "00,000 shares of the corporation for re-sale to its employes. Strength of a few specialties, such as I nited ,States Cast Iron Pipe, which closed a point higher at 74, after touching 76, and General Electric, which ranged from 210 to 214 b, closing slight ly below the top, was attributed to pool operations. Other strong spots included; American beet sugar, the Commercial Solvents issues, Foundation company, Inter national Harvester and the Lig gget & Myers-'issues, the sains ranging from 1' to " points, al though the turnover in most cases was small. , The unfilled ' tonnage of the United States Steel corporation at tie end of January which will be made public at noon, is expected to show a sizeable increase. Wall Street heard reports today that the New York Central railroad had distributed orders .for 17,000 cars and over 100 locomotives, 'and that the Pennsylvania railroad was in the market for between 15,000 and why we recommend the LANG . - . .v., . ; -w. .; .- . THE LANG STOVE is a result of yeari of experi mental work and study of fad conditions and heat ing problems.. It's corstrttclion enables, it to cut fuel costs to a minimum. ' Manufactured of the finest material obtainable, its lasting qualities and durability are second to ; none. Th HOT' AIR DRAFT and the HOT BLAST SMOKE BURN ING principle are original LANG features and are embodied in every LANG Ranje manu( . factured. ; People's Furniture Co. . Salem, MARKETING GRAIN on the HOOF National Crop Improvement Service. TIIERE is many, n good farmer who has good grain crops, nd wlio loves live, stock who is not willing to .become chumher-maid to a milking herd tjwice a ilsjj. So the thing for him to, do is to ;et a good strong movable wire fence on steel galvanized posts so that he amy change the. location, size and shape of his feed lot whenever necessary. Thjis is particularly true in torr.,forfes where there are no adequate jparketing facilities for dairy products. There are mil lions of acres which ought 'to 'he put back into range. This Is-true IS, 000 cars, Announcement of the extension program of the Wes tern Electric company and reports that part of the' proceeds, of the Japanese reconstruction loan would be usPd for the purchase of reconstruction material here im parted some firmness, to the'' cop per shares, which have failed to participate in the recent rise. "' Railroad shares offered stub: ; born .'resistance to selling pressure. net losses in the principal beiifg limited to fractions. Time money and commercial pa per rates were unchanged the bulk of the business being done at 4 per cent. The feature of the reactionary foreign market was the heavy sell ing qf German marks by European houses after a long period of com parative inactivity. Demand sterl ipg dropped more than 2c to $4.29 6. and French francs broke dearly 10 points to 4.."t . South American exchanges were firm on the buying of .bills, in anticipation. f heavy exports from: the Argen tine and frori the .coiisojiditifm oC frazil's external debt as a result if ;t4y visit of the Hrjtisb . finan cial! 11 irfsion, tc) thai country. NEW CORPORATIONS The following articles of incor poration were filed yesterday at the office of V. E. Crews, state corporation commissioner: Best Auto Spring-company Port land; incorporators, Edward L. Qomoll, John jN. Nelson, John Ol sen; capitalization, $10,000, liroadway Business Men's club. Portland; incorporators, Dewey Rand, G rover; Morgan, Fred N Rock; no assets. 3, Oregon m vi . -t m -m a I I Si R'ANGE f. Jvjv "-,xtiir:-s -""".V i where grain crops have not proves valuable enough to continue an where many ltelds are growing m to weeds. In any such community the farn bureau and commercial club ougln to have a joint meeting and figure out a plan where feeders .may be had, and to get enough farmers in terested in the, feeding game to en sure proper marketing facilities. Such stock may msnaily be hail from the stock yards in the beginning and steers should be bred for this purpose by farmers' groups sufficiently la"r? to make t market. Franklin Telephone company Franklin, Lane county; incorpor ators, Ira (V Richardson, O. A, Drew, John M. Williams; capital ization $5000. II & M Sign Service, Inc.,' Port land; incorporators, Louis F. Han sen, P. W. Miegel. Roy C. Taylor; capitalization 55000. The Coos Catering company of North Rend; incorporators, Rich ard Manning. Arthur W. Jones. J. H. Domagalla i capitalization, $1, 000. Teton Mining company. La Grande: incorporators, K. A. Kill pack. James Salkfield, F. L. Dyal, W. K. Lindsay; capitalization, $2,- ooo. Eagle Valley Farmers' Store, Richlnd, Raker county: incorpor ators. John Fraser, Linn Holcomb, G. W. Miller; capitalization, $", 060. , : ; ' ' . ; ' . Under the blue sky act a permit was issued to the Coos & Curry Telephone company of Marshfield to sell $150,000 worth of stock, and ta the Gold Bond Mining & Timber company of Portland to sell $5,000 worth of stoYk. seandau-. The-) twng- natis- l';.Cbriie'r' State7aiifCora':. ? ' ; w caiiea ngiy goss.p ,u a vuiaye -..o 1 r,mmmm 1.,,MWL.. umamimu.tMW,mm ,uBIJ , . i ,. . .,. m 'I - ; I 8en8atitynal news 'rt a tnetropoiia. '" - ' , . , - .. ; ' . t 1 f ; -',.- ' - v.. .;ir -.'.v.' ". t:C -,t vCS , ! rs77(&. JV V Ml -SJ Ufl VNy fj jr " - I W 'i ;1. J '"'- '" ." r -'-.'-'..V.":." --T--.;'.".' " ' ' ', SAVE AT PIGGLY S Fancy Rome- Beauty Best Grade Medium Size Crystal White. Armour's Fancy Star A" Barton's Sugar Cured 1st Grade Solid Pack Best ' Creamefy .' Old Dutch Royal Club Carnation and Armour's PHONE 14 For the housewife who delights in fruit salads but who needs such n small amount of. eaeh kind of fruit at a time that ony a bit of this. can.a trifle. of Uiat, and a lit tle, of utill another jar is taken, to make the salad the market pro vldos, the fruit salad canned by the comuiercial caanurs. A bit o'f pear, pineapples, cher ries, apricots, peaches ami 'per haps one or more other fruits may be had for a trifle; of the expense involved in buying a can of each of the frtiits named. Combined v.ith som; other fruit which is in season, iierhaps. the combination is a valuable- and handy one lo have, on the -emergency shelf for the unexpected guest.-'" While this salad combination is not a newj OUR CUSTOMERS RETURN WHY ? Ihls Tice.; ' economy wtois. II A JL Becfiuse We Handle Merchandise of First Glass Quality SOME Roiling IJef, lb. Oc Pot Roast Reef, 11). 10c I1 Prime Beef Roast, lb. . . . 12ic ' Fancy Sirloin and T-ltone , Steake, lb .15c ttound Steak, lb. .... ". 15c Fresh Gronnd Hamburger, lb. fS.- . . ... -10c Sausage Meat, lb .12c I Pork Steak, lb. 13c j IYrk Roast, Rh ...... . . .yllo i liackbonc. lb. i 7c SEdem Public I Salirh Pnhhr Marl Corner State:alhbrComl 'r.l'.i ' APPLES SOAP HAMS Bacon Squares TOMATOES BUTTER CLEANSER COFFEE MILE ORANGES Where HighestQuality and Lowest t ion for use. . . ivc-j Vegetables while plentiful and ui goou quamy jnsi now are. ni ,.s suffering from the effects of nenT'ej arrivals on the market. - The vaK ieties remain about the same. The. quality of a few Vegetables is wan- ing while d few others re eomiorifr'l m in better snape ana iucreaeu nnantity. . ! -"A A radical Is a man who wisher I he haJ what the conservative has... EAD COLDS Mltin spoon; inluJ. vapors; s , oppiy ireety up nostnis. i'VAP 0t 17 Million Jan U4 t ! ''-jVa'nse we: give best servh -at tKftl best. ' ligation. IUK,aiis .vw' iiarRc1rextJ"fori, Because convenient ndL PRICES Sugar Cured Smoked Jfeats. Fancy Breakfast Bacon, lb. 20c . Medium Fancy Bacon, lb. . 16c Barton's ILam, lb. ...... .25J Barton's Pure Lard in bulk, lb. 14c . (Bring Your Containers.) ?'"' Strictly Fresh Eggs, per doeu ...... ?. . . . 20c Fresh Ciround Coffee while ' . . you, wait, Jb. . . .5JOC. 'Swift's Whiter lJudy, 21 , bars for... t . . .t .$1.0 eel u?ii.ta WIGGLY $1.25 15c $1.00 26c . 14c 14 c ,48c 25c 42c $4.65 Box Per Dozen 24 Bars For Per Pound Per Pound Per Can Per PountL 3 Cans For, Per Pound Per Case 456 STATE Price Meet ! J n 9 jA A' 'I :j r- f A S ! i -1 L .is - 1? t3 r 4 it . is it r a- S M n 9 'A i ! Light sow.. wt.! Zigf ns Raurh hearr s 04e & 05e Top Veal, drewd.. Cows ,, Tov Umbs -,-". V " .. r it i" . - .- id., fl-f?--fr Jx 4 -'tt.-l . .'-ii..' ,i 'y4. ' ..-,'. t' i f 1 f I' : : i 1 "