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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (March 18, 1924)
TUESDAY MORNING, MARCH 18, 1924 3 Mr. I. Knowitt Sometimes we 'question his sanity. By Thornton Ptsher APARTMENT NOOfte Line fswc thw's worl SITE IS SELECTED the tesr-Nfp, mke Bur r t - $ Cfu'r srop em SG& A COP PPSS ?? Oregon Will. Send -Ted Bak- i l ' i THE OREGON STATESMAN, SALEM, OREGON boy sour nr. v-, : r-r ; i : lJfCiVfi JY should Mmvr TJfp IT qg.pvv op fs cofjp Cftwe- ) . ,vw I I I 7 r ' . I V I Iff ii . v i i i h - xj trwir- ' it m " - - - - . er to State. Meet -April 4 ALBANY. March 17. Th camp I i , 7 . II r .-II 1 It ' -XAitfA- I Many Utilities Filed Their Annual Reports Annual reports tor 1923 have boon filled with the public service commission by the following utili ties: X Eugene-Roseburg Stage line Operating revenue, $3r,750.38; operating expense, $13,487.34; net " revenue, $22,263.04. v ' Prael Eugene , Transfer com- For Creaky Joints Just rub on the neV application called Joiut-Ease Jf , you. want to knowf what reat JOlnf comfort Is. It's for .stiff, swollen, or pain j tortured joints whether caused by rheumatism or not. . i A tew seconds' rubbing and it Boaka right in through, skin and flesh right down to ligiment and f bone. . x i It oils up and limbers up the i joints, 'subdues the inflammation and reduces the swelling., Joint- Ease is the one great, remedy for all joint troubles and all Uve drug gists are dispensing it daily a i. tube for 60 cents. Adv. pany Operating revenue, $28, 916.34: operating expense, $32, 135.79; net loss, $3,219.45. Portland-Vancouver Stage line Operating revenue. $21,118.13; operating expense, $18,427.39; net revenue, $2,752.74. Tyrrell Trips Company, Port land ; Operating revenue, $72, 362.50; operating expenses, $70, 393. 3; net revenue. $1,9G8.94. Sutherlin Light & Power com pany Operating revenue, $4,897. 14; operating expense, $3,112.15; net income, $1,072.21. Garibaldi Beach Water company Operating revenue, $923.75; op erating expense, $782.05; net in Come, $C7.02. ' . Portland - XeWberg-MeMinnville-Tillamook Stage line Operating revenue, $38,986.65; operating ex pense, $34,C34.C7; net income, $2,476.41. Central Railroad of Oregon, Union- Operating revenue, $17, 506.45; operating expense, $17, 509.29; operating loss, $56.16. Eads Transfer & Storage com pany, Medford Operating rev enue, $41,464.76; operating ex pense, $35,148.47; net revenue, $6,316.29. Canby Telephone association Operating revenue, $5,881.47; op erating expense, $4,582.49; oper ating income, $1,298.9S. Lebanon Telephone company Operating revenue, $14,007.35; operating expense, $13,6C3.25; de ficit, $4G9. 80. SALEM MARKETS 4 I - OBAXir A2TD EAT No. 3 wheat ! , No. 8 red whrat, lacked -SO) 45c j 4St Cbest bar $13 & $11 0t hay $12 at $u Clover lur, baled $12 & $14 Prieoo quoted are wholesale and ai prices' reroirrd by farmari. No retal price tre gives- EOS, BUTTES. SUTTEKFAT Creemery butter ,..50c (ti "1- Butterfat delivi-red 4r. Jlilk, per cwt $2.10 F-gX, selects 18c 8tamlards 16n lullet 14c FOTJItTBY ITeTy k( lo Uedium end light hens . 14e PORK, MUTTON AND BBBT Hoet, top, 150 aas igs., ewt ..$7.50 Hog-i, top, 225-275, ewt .$7.00 He, top, 375-SOO, ewt $0.50 l.iRbt iowe, ewt $5.00 Hough heary .. 04e & 05 Too VeaL dresied , 09 Cows . 02 Vfr Q 04 V4 Top lambt) . STOCK PICES GO TO PIECES Crumbling Is Sharp in Re sponse to Concerted At tack By Bears NEW YORK, March 17. Stock prices crumbled sharply today in response to concerted attack .by bear traders. Net losses in the ac tive Industrials ranged from one to nearly three points with the rails offering stubborn resistance until the late trading when they yielded with the rest of the list, losses in this group, however, were held to a point or so. Total sales approximated the million mark for the first time in a month. Speculators for the decline found plenty of ammunition for their attacks. Circumstantial reports that the large automobile companies were storing a large part of their output a " Sv 4k UN IWED AEM STORES 230 South Commercial Street We will open April 1st at our new location, 189 North Commercial street, with a new and much larger 'stock of Army and Commercial Merchandise, Every Article in Store Reduced Balance of this Month Armyx Dress i Shoes ' Army Issue Soap One Pound Wars ' : .. 1 A ( 17, for;. Halters 1 Army -3-rinff. benvj haltera 61 JC with chain ; . P lfciJ Canvas Leggins . . . : Army Isruc, exln. heavx v ' CnnvM ..50c Army Issue Marching - j -Shoe. - Goodyear Welt Doable d0 jr Solo ti.i... pJft3; Bib Overalls and Jumpers Full. Cut Union Made Heavy 220 denim, hJws 30 to 42. $1.49 Men's work pants wool mixed $1.79 Canvas Gloves Pair lo Customer 10c Pair Army Canteens with Cover 35c 4 OyDr Shirts": Two Pocket Coat ' H'Shirt :, v , $2.45 .' ........ Army O. D. Wool Serge $3.50 1 Officers' Serge Breeches Doable Scat, qoiltcd knee. w $5.00 Ever Ready Safety Razor In nickle case, two blades X7C Blue Stag Shirts, made of gen uine navy broadcloth, "7 AC $10.00 shirt for 4 I Khaki Riding and (0 OH Hiking Breeches $C0 Officers' Puttees ' f i. Made of Full Grain Ijrtilhor, are blotkwl and will liold their shape. . . $3.45 Corduroy Mackinaw, blanket lined. One lot regu- &A Off Pf.4-J lar price $8.00 Army Campaign Hats $1.50 Union Suits, wool mixed Athletic Union Suits $1.49 I59c Cotton Dress Sox, black or brown .... 10c Heavy Leather, Wire Stitched Gloye for logan- d1 1 A berry work tPX.lU Blue Chambre Shirts ........ 69c Moleskin Cloth Coat Leather sleeves $4.00. Many Articles, Not Listed At Money Saving Erices and preparing for snap curtail ment of production brought about heavy liquidation in the motor groupu. Studebaker was ham mered down more than two points to 98 1-2, a new low. Among the , so-called pivotal stocks, United. States common broke below 101 for the first time in nearly two months, closing at 100 3-4. off 1 7-8. Baldwin closed at 121 1-8, orf 1 3-4, and Ameri can Can at 113 3-4, off 1 1-4. Reduction of the Pan-American Petroleum division, while gener ally expected brought fresh selling into those issues. A drop in the call money rate from 4 to .1 1-2 per cent and the lowest since last September, caused a temporary flurry of short cover ing around noon. An easier tone also was noted in the time money market with funds freely offered at 4 3-4 but brokers were indis posed to pay more than 4 1-2. Some 30-day loans being ar ranged at the lower figure. Com mercial paper rates were, un changed. French francs moved to higher ground for the seventh consecu tive day, the ruling rate being just below the five cent mark. Bel gian francs rallied sharply in sym pathy but other European rates were irregular apprehensions over a coal strike causing a slightly re ationary trend in sterling. DIED NIST, PERCY V 1432 N. 16th St., survived by father, mother, -two borthers and one sister. Re mains, at Terwilligers' Home. " Funeral announcements later. GENERAL MARKETS I LIVERPOOL, March 17. Close: Wheat, March 1 l-2d higher, 9s 5 l-2d; May l-8d higher, 9s 1-Sd; July 83 10 7-8d, unchanged; Octo ber 8s 10 l-8d, l-8d lower. BUENOS AIRES, March 17. Opening : Wheat, April 96 l-2c, no camparison; May 98c, unchanged. MINNEAPOLIS, March 17. Wheat: CasH No. 1 northern, 11.13 3-4 to $1.18 3-4; No. 1 dark northern spring, choice to fancy, $1.22 3-4 to $1.29 3-4; good to choice, $1.18, 3-4 to $1.21 3-4; ordinary to good, $1.14 3-4 to $1.18 3-4; May, $1.13 3-4; July, $1.15; September $1.14 1-4. SAN FRANCISCO. March 17. Receipts,: Hay, 39 tons; wheat, $18 to $20; fair,! $16 to $19; tame oats, $8 to. $21; wild oats, none; alfalfa, $19 to $22; stock, $15 to $17; straw, $12 to $15. PORTLAND, March 1 7. Grain futures: Wheat, hard white blue stem, baart, March. April, May, $1.01; soft white, western white, March, April, May, $1; hard win ter, western red. March, Aprfl, May, 95c; northern spring, March, April, 96c; May, 97c. Oats, No. 2 white feed, March, April, May, $32.50; No. 2 gray, March, April, May, $31.50. Barley. No. 2, 46 pounds, March, April," May, $31.50; 44 pounds. March, April, May, $31; corn. No. 2, eastern yllow shipment, March, $32.50; April, May, $32; No. 3 ditt,o, March, $31.50; April, May, $31. Millrun, March, April, May, $24.50. PORTLAND, March 17. Hay: Buying prices, Idaho timothy, $22 to $24; ditto eastern Oregon, $20 to., $23; alfalfa, $14 to $15.50; clover, $8 to $12; cheat, $12 to $13; oats and vetch, 15; oat hay, $14.50; straw, $7.50 to $8; sell ing, price $2 a ton more. NEW YORK, March 17. Eva porated apples, firm; hcoice, 16c to 16 l-2c; fancy, 17c to 17 l-2c; prunes, steady; Calif ornias, 5c to 15c; Oregons. 6c to 10 1-4 c; apri cots, firm; - choice, 15c; extra choice 17c; fancy, 20c to 23c; peaches, steady; standard 8 l-4c; choice. 8 3-4c; extra choice 9 l-4c to 9 1-2 c. NEtvTYOfcK, March 17. Hops, firm state 1923, 53c to 58c; 1922, ' 23c to, 28c; Pacific coast 1923, 36c to40c: 1922. 27c to fSOe. v - . " COi ID OATS SWING UPWARD Wheat Market Rallies in Re sponse Stimulus From Other Cereals 1 hjt? pressure or publicity gets the -little fellows, but nothing seems to ' disturb the higher-ups ejtceptj blood "pressura.t,, ;. U CHICAGO, Mar. 17. Corn and oats took a decided upward swing In price today, and helped to rally the wheat market. Blizzard wea ther likely to curtail the movement of corn and to delay the seeding of oats was the chief stimulating fac tor. All grains closed firm: Corn 3-4c to 1 1-4 and 1 1-8 net higher; May 7& 718c to 78 5-8 and 3-4c, with oats 3-4c to 1 l-8c up, and wheat showing l-8c to 3-Sc ad vance; May $1.06 1-2 to $1.06 5-8, and July $1.07 3-8 to $1.07 1-2. I a provisions, the outcome was 2c to 7c decline. Highest prices of the day in the market and oats and wheat as well came just before the close, . evi dence having developed that sell ing in expectance of a fall in values had been considerably over done. The fact that a liberal in crease of the corn visible supply total failed to have much effect to ward depressing the corn market did a good deal to make sentiment change in favor of the buying side. From the outset, too, commission houses were purchasers on stand ing' orders to take advantage of downturns. Besides, there was a dearth of liquidating sales. Rural offerings meanwhile were- small and with oats' showing Independent strength the "last hour of corn trading was largely a loser's rush to buy grain back. In the wheat market, some pur chasing was based on possibilities of a better foreign demand result ing from assumed likelihood of a reparations settlement. Some ad vances In quotations at Liverpool counted also as a bullish influence here. On the other hand, wide spread snowfalls were deemed a benefit to the domestic winter crop and were an evident weight on values. Provisions were easier owing to big receipts of hogs here, 74000 head equalling the record for this time of the year. LESIOfJ EJECTS ; BASEBALL OFFER Salem Team Not to Bear Name of Service Men's Organization An offer from "Biddie" Bishop to name his team the American legion baseball team was rejected by the executive committee of Capital Post No. 9 of the Ameri can legion last night. Bishop sought to have the team play un der the legion title with no obli gations to the local post. Inas much as a majority of the games would be played on Sunday, with a few other reasons, the offer was turned down. , Announcement of the first an nual ladies' night, with wives of legionnaires and members of the Ladies' Auxiliary, was made. The event will be held Monday night, April 7, the next meeting of the post. Support to "Cranberry Corners" to be given at the Grand theater tonight under the auspices of the Salem War Mothers, the proceeds from the show to go toward a soldier monument, was urged. Several musical numbers were furnished by James Marr and Ed Chastain, with Dr. Carl Wonner accompanist. Short talks were given by Attorney Robin D. Day, regarding the American legion contest; H. B. Freeland. former Salem man who is now command er of the Springfield post, and Adjutant General George A. White. Refreshments were served. MB STUN HI ED DELEGATE Fish Lake to Be Central Point for All Oregon Troops of the four-story scout organiza tion has recommended that Fiah Lake be made the central tamp site of the Boy Scouts and the place will doubtless be accepted. ', . The date for the summer camp was set to . begin August." i , and 1 continue for a - period of ' four weeks. The camp this year will be divided into two groups, each groupto bo. fa camp two veeks.' It was also recommended by tha , committee that no funds can be expended on permanent improve ments.ot the. camp this year, but that the fnnds be spent for trans- ' portation and camp work. K. L. Ilaga and F. H. fcinfier were both at . the meeting. Polk ' county had no represenative pres- j ent. - versity. Pacific university and the." University of Oregon. The peace oraton contests'-are conducted on a national scale. The winner of the state meet will tak . part 1 na ! district' interstate, ,or. torical competition. - The victor. la this nterstate meet, wll enter a ; national contest EUGENE, Ore., March 17. , The prize of $20 offered at the University of Oregon for the best oration in the state peace con test tryouts1, which are held each year among the Oregon colleges, was awarded to Ted Baker, Portland. Francis Altstock, Portland, won second prize of $10. Baker will represent the Univer sity in the state meet, April 4, in which nine colleges will com pete. Speakers are expected at this contest from OAC, Reed col lege, Albany college, Linfield col lege, Monmouth normal, Willam ette university, Eugene Bible uni- -. r -M aai as v m m m DON'T SUITEra-' rurjedlate relief ispossible with this : SIMPLE HOME treatment Gle-o-nia is healing, soothing. ; PAINLESS CLEAN and SURE! SutUfaction Cwarantted.' ' Perry' Dnig Store 115 South Commercial St, Turns am Have You Appendicitis And Don't Know It? Much so-called stomach trouble is really chronic appendicitis. This can often.' be relieved by simple glyverine, buckthorn bark, etc., as mixed in Adlerlka. Most ' medi cines act only on lower bowel but Adlerlka acts on BOTH upper and lower bowel, and removes all gasses and poisons. -Brings out matter you never thought was in your' systemC"5 Excellent for ob stinate constipation. J. C. Perry, Druggist, lis S. Commercial St. Less Than 2 Cents Per Dollar of Sale; ' ' ' - -V- 4- Swift & Company's average earnings in 1923 were less than two . cents per dollar of sales. . ; We often compare our earnings with sales, in order to show what ; a slight effect the earnings have j6n ' prices of the products we hane. :V The reason we can operate on f': such a small margin is that we do a large volume of business, and get a fairly rapid turnover.' ; In 1923 our sales were about eight times as great as the average stock of goods carried. .. . Our earnings in 1923 were less than 9 per cent on capital stock; and only about 6 per cent on the total ; investment that our 46,000 shareholders have in the business," i dm ana . miny oxner raieresunjr ; 19Z4 Year Book. f - A copy is youra, free, if you will end for itr Swift & Company Swift ft Company, Public Relations Dept. U. & Yards, Chicago, UL Picas sand ma, fr of cbarga, a copy of Swift ' , ft Company's 1924 Year Book, ; l" v ; ' i. - .. '. 1 IS