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
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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. - ..
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