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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (July 21, 1929)
The OREGON STATESMAN. Salem Oregon, Stmday Morning, Jalj 21, 192$ PAGSV rs "i Bull Party Held Upon Wan Street Despite yoor Credit Situation t NEW YORK, July 2 (AP) Influenced rather by the resort of the extraordinary vitality of industry rawer tnaa. by the as favorable aspects of fjje credti sit uation, the bull DsrtT'htd n n Impressive assortment of steel, rail ana utility snares to record levels In today's stock market. U. steel was sent up mora than six points to a sew peak at 2 0 8 Vk . Extraordinarily favorable second i quarter earn in ra state ments have given rise to highly op timistic expectation as, . V. S. eteel's second quarter y.flfqwing. and the prospect of an extra ir In creased dividend Is widely dis cussed, . Bethlehem. , Golf states. YoungstoWn,- Colorado Fuel and iron, vanadium, and Republic made substantial gains. In the railway equipments, the leader ship was taken bv Poor tin n which rose about 4 points to a new peaa. . :- - ' -1 - The advance in the ntniM. helped by expectations of further merger announcements, took such issues as American Power and Light, Detroit Edison, Public Service. Natlnnot p....f -j Light, and Standard G & Electric " 1- w W WlMi united Gas Improvement sold np about a - point further into new high territory, and United Crop was heavily accumulated. j In the rails. New York Central -was sent np nearly nine points to a record nrire t mi mil v Haven, Lackawanna. Delaware and Hudson, Union Pacific, and Kan sas City Southern rose to new peaks. Atchison was depressed about four points for a time,, but rallied to close up a point, net. In the industrials. General Electric made an extreme gain of more than five points, and radio rallied about three points, only to lose most of Us gain. - "- sim craw ls KEPT BUSY HI SILVERTON, July 20 Reports from the Silverton cannery are that the strawberry pack U near ly completed for the year. A few Wilsons and Langs are still com ing la from the Silverton Hills, however. Nearly 100 tons of strawberries have been packed by the Silverton concern this season. Loganberries, it is estimated, will probably run 40 tons this year. A carload of strawberries and loganberries was shipped this week from the SilTerton Food Products company to California. There is nothing Just as good at mohair for many manufactures. It has no substitute. Raise more goats. RUSSIAN GROVUD RIOTS IN in. Chinese Embassy Threat ' ened and Police Re serves Called Out NEW YORK, July 20 (AP) The threatened war between China and Russia had a repereus ion here today when several hun dred Russian sympathizers gath ered in front of the Chinese con sulate in . Astor Place and raised such a rumpus police reserves were required to disperse them. Eight men and tour girls were ar rested. The demonstrators, men and women, wearing placards and shouting "Down with the Chin ese" gathered. In the street short ly after the noon hour and when traffic; policemen in the vicinity were no longer able to keep the crowd in order a riot call was sent in 3 the Mercer 'street sta tion. Police reserves were met with jeers and hisses' and when "' the crowd ignored orders . to move several scuffles followed. No one was reported injured, however, and when police started forcing the nearest standard bearers into patrol wagons the crowd dis- persed. i Among those arrested was Wil ' iiam W. Weinstone, secretary . of the workers communist party and candidate for mayor of New York on his party's ticket. Members of the staff of S. S. Younr. the Chinese consul nncr- aL tat iniheir offices on the sixth floor of 13 'Astor Place quite un perturbed while the crowd milled in the street below. No attempt was made to enter the building. IMPORTATION OF PUPILS ARRANGED SIIA-ERTON, July 20 W. H. Binegar of Howell Prairie was awarded the contract for trans porting students from North How ell, Central Howell, and Hazel Green districts to the Silverton high school for the coming year. The matter was decided at a meeting of the Silverton school board this week. So far arrange ments have not be$ completed for transporting students from Silver Falls, Victor Points, and Marqnam districts. The bids by Crane Supply House of Portland for pointing the high school roof and the root of the old part of the Eugene Field building were accepted, the former at $80.50 and the latter at $222.50. The job of kalsomin ing the interior of the Washing ton Irving school building will be done by Martin Waarvik of Sil verton at $108. WHEAT iRKET IS OHOUCHT Bullish Tension Slackens on Chicago Exchange, Re ports Indicate I Read the Classified Ads. CHICAGO, July 20 (AP) The wheat traders arrived at the conclusion today that the market was overbought. The tension of the last few days of bullish future slackened, reports came of rain ending the protracted drought in the spring wheat belt, and wheat prices slumped SH to 4 cents a bushel and closed at the day's low mark. The finish was at $1.374 for July wheat, $1.41 H to 5-8 for September and $1.48 to H-48'4 for December. e - Other grains tagged, similarly, corn losing 3-S fa 1 cent a bushel and stopping at $1.00 tor July $1.02 to 7-8 tor September, and. 97to 97 1-$ cents for December, j Trader! felt this market was due for a reaction from the violent uphill pace that had set new high records for the season for five suc cessive days, and that the rain fall in Canada and the domestic, northwest touched off the down ward 'movement shortly after the good opening. The rains thus far were light. but 'government, forecaster pre. dieted the precipitation ... would atrjke most of the provincial wheat, regions in scattered thun der showers by tomorrow. Cittp reports from Argentina and Australia were unfavorable. The :world' supply of wheat was figured today, including the car ryover, at 10 per cent less than a year ago and the world crop at 12 or 1$ per cent under that of 1928. Read the Classif ied Ads. Html PACKING PLANT S. DALLAS, July 20 Tb er nrnne nacktnjr plant of (hi son Ehrman comoany locate Dallas, has been purchased William A. Himes. Mr. dm nnt exnect to make nse o the processing machinery but will grade and warehouse prunes tor those growers, desiring this ser vice. This plant adjoints other warehouse property owned by Mr. Himes and both are on rail road spurs. JUNK! JUNK! JUNK! We buy junk of air kinds, any amount of anything. We will call and pay top price Salem Junk Co 320N. Com'l Phone 492 The two new Radios eve VICTOR rvbodv has Us, Buster Brown Shoe Store 3 MW' i L of Browns .White Sport Oxfords, white rub- fCZ Cifi ber soles, flat heels. Splendid SpV nV values at $6.00 now Blonde Cut-out Sandal. Low heels, very comfortable and stylish. ' Special Arch Support's, Blonde, Cuban Jy heels built for Service and Com- S fort. Special .; t ' Arch Supports very Dressy Black Kiel. Cuban Louis heel, p see these splendid styles Pric ed at only Havana Brown Kid Arch Sup- - gort, Lace Novelty Oxfords. uilt for comfort and good looks. Now ' i .-1 .-XV White, One Strap Pump Cuban heels, very, dressy and ideal for S? nice weather.? Special vt&J Arch Support styles for real Comfort. Every arch number for Women especially priced during these Sale days. Black Kid Support Novelty built for Service, Good Looks jlV I Qjtj and omrort. special during this Sale. U,Y b . Patent one strap Pumps. French Hs and Cuban heels. Very Dressy numbers. Special 23 A Gigantic Sale of Women's Pumps and Oxfords Sport Oxfords in Light Tanf military heels, very serviceable." Priced during this Sale BUB o E3E won been waiting for ffis in 1 xJMicro-Syncbroncui Victor Radio $155 less tubes Micro-synchronous balance: every clement always in reson ance. Condensers automatically harmonised. Unique sensi tiritj and sclcctirity. Perfect performance through the entire dial range Super-automatic, rull-yiion, illuminated station selector. Push-pull amplification. Victor electric-dynamic reproducer. Compact, exquisite cabinet. Complete with tubes, ". Ttwo new models bj the giant of radio manufac turers, the Radio-Victor Corporation of America, are NOW at Sherman, Clay & Co. A few years ago, Victor talking machines sang in tens of thousands of homes, but there was 90 radio. Other manufacturers produced ra dio sets and placed them beside the countlest Victrolas. When Victor went into radio, (besides retaining its vast talking machine interests), the radio indus try held its breath. What would Victor produce with its rich mu sical experience and enormous tech nical backing? Nrw w knovsl Victor has pro duced two new sets: the Victor Radio-Electrola (playing recorded music as well as broadcast music) and the sensational 10-tube Victor Radio. Hear them. Sec them. Study Victor's remarkable .new micro synchronous" tuning devise, a per fect "range finder" for the salvos and broadsides of the broadcasting stations. Choose the one that pleases you. A few dollars down will deliver it to your home. Victor radio is herei Mil lip I Victor Radio -Elcctrola uMicrt-Sjncbronous Combines in one beautiful Victor, cabinet the thrilling new Victor Radio and the masterful elcc trola. Entirely electric. Designed by Victor arid built by , Victor. New in principle- new in performance- and priced 'within easy reach of everyone. Improved circuit developed by Vic tor .i . . unparalleled stability . . a fidelity. Electro-dynamic speakes Complete with rubes, $29$. Less tubes $275 ( fit Sherman JMay & Co, 130 South High Street Salem, Oregon And forty other coast cities including Portland, Eugene, . Ltongview, &rrallis, Seattle9 SpolotneTacoma, I f ,v San Francisco and Oakland ..J '. ' - - !T r Mil o i ; - 4 - r . If -- t