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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Sept. 27, 1929)
( i" W'- i -: v . - ; - " -. - PAGE TWELVE The OREGON STATESMAN. Salem, Oregon, Friday Morning, September 27, 1929 BULL IIET SETS IH AGAIN Trading on Wall Street is Largely of Profession al Nature NEW YORK. Sept. 26. (AP) Operators for the advance felt that they could afford to indulge In a powerful bullish demonstra tion on the stock market today, with most of the calamity howl ing rumors which sorely tried traders nerves yesterday definite ly branded as groundless and even absurd. The- increase in the Bank of England's rediscount rate was actually received with relief, as Wall street had been expecting It for weeks. Trading was large ly professional, however, with the days turnover barely exceeding 4,000,000 shares, as contrasted to nearly 6,000,000 yesterday. Utilities, chemicals, office equip ment and several other industrial stocks were rushed upward vio lently. Columbian Carbon soared 28 points to another new peak, at 299, and Standard Gas and Elec tric jumped about 22 points to a new peak at 2224, both closing near their tops. American Water Works Jumped 15 points. Gen eral Electric rallied 10 points, and American Telephone 74- Eastman Kodak, National Cash Register, Underwood Elliott Fish er, Burroughs Adding Machine, Simmons, United Carbon, and Pa cific Lighting sold up 5 to more than 10 points, mostly to new high records. General American Tank, Atlantic Gulf and West In dies and Myers Bros, were other Issues reaching new high ground. U. S. Steel closed about a point higher. Oils were firm. Radio failed to make heavy. Belling off about S points for a time, and closing fractionally un changed. Chrysler Motors slip ped off a couple of points to a new low bejow 60, and General Motors sagged. Marmon dropped about 13 points to a new 1929 low at 53. Anaconda also en countered some disappointed sell ing in response to the unchanged dividend rate, although interests close to the company had been predicting no change at this time. Rails were generally sluggish. The market was heavily bom barded by selling during the major part of yesterday's session,-and scores of leading issues were Bent down 5 to 25 points, but shorts were driven frantically to cover in the late hour, and the market ral lied with amazing swiftness. Loss es in many prominent issues were completely wiped out, and a hand ful of stocks pushed sharply high er. Trading was in heavy volume, 4,957,260 shares changing hands. Some of the high priced stocks fluctuated widely. Commercial Sol vents dropped 25 points, then ral lied 20. Columbia Carbon soared more than 24 points to a new high record in what appeared to be a driving in of a heavy short inter est. A. M. Byers was rushed up more than 15 points, and chased near the top. Adams Express dropped 74 points to 575, then rallied to close at 630, off 19. It was announced after the close that It will be split 10 for 1 and the you need Tires, Telephone a i 1 ill ' MM rgjV When mil need (WV Iindys Reception Enthusiastic 1 srvi? tj situi 2J. to 1 .1 i? - 7 A Tlew of the thsiastlc throng (3 I 4r-tr1- LIST ' .? . . " iWTZfm when he and his wife agala stopped there, enroute to Latin America. Inset shows J. T. Trippe, presideat of the. Pan-American Airways who accompanied the Lindberghs on the trip. concern merged with Railway and Express and Haygart Corp. The action of American Can was typical of that of many of the leading industrials. It sagged about 5 points, then rallied and closed nearly a point higher", net. U. S. Steel dropped a similar amount, and rebounded to close off only M of a point. American Telephone dropped f points, then closed practically unchanged. Johns Manville and Westitghouse each dropped about 13 points, then rebounded about 10 from their lows. The decline in Radio was check ed, and it closed nearly 4 points higher. A few of the ntilities were strong, Columbia Gas rising 9 points to a new peak at 140, and Standard Gas rising about 4 points. American and Foreign Power dropped 11 points and re bounded 10. Some of the oils were well bought. Houston was rushed up more than 9 points. GERVAIS, Ore., Sept. 26 All the schools in the city are now well organized and the pupils are taking up the year's work in ear nest. Some are taking one day out of the week to attend the state fair, and others will not en roll until after prune picking is finished. Both teachers in the grade school are new this year. O. R. Moses is principal and teaches the upper grades. He has an enrollment of 24. Miss Ethel Martin, who comes from Salem, is teacher In the Intermediate grades and has fifteen pupils. In the parochial school three teach, ers have eighty-seven pupils. The Heralds of Health division is planning to go to Salem Sat urday where they will participate tin the parade at eleven o'clock. Those entitled to this honor are SCHOOLS ff-J G MIS HOW WELL STARTED remember : millions more people ride on Goodyear tires be cause experience has proved them best. Goodyears are no higher -priced, but they do give the highest mileages and greatest traction. Let us PROVE WHY be fore you buy. I&acttei? ei?vS3 Stiat&oca- (Master means all heads under one control) 66 North Commercial at Center COMPLETE SATISFACTION PPP1 "r;;.: ... ..-.... ''-TJ 1A - - .... '-WV at San Joan, Porto Itico, which Roscoe Colby, Helmer Wadsworth, Wilda, Iris, Gael and Faye Cuts forth; lone and Doris Turner; Donald, Leona, Edna Mae, and Grace Anderson; Viola Vogt; Jim mie Phillips; Maxine Jensen, Al onzo Atkinson" and Betty Beck. Mr. and Mrs. P. W. Seeley were in Portland Tuesday where Mr. Seeley was a witness in a case Involving the sale of a car load of onion sets to a Portland dealer who sold or had contract to sell to the Lilly Seed Co. Mr. Seeley re turned Wednesday, but the case had not been settled when he re turned. Dallas Folk Have Guests Last Sunday ZENA, Sept. 26. Mr. and Mrs. S. H. Barker and their son and daughter-in-law, Mr. and Mrs. Roy E. Barker, and their small son, Sammy, were dinner guests Sun day at the home of Mr. and Mrs. Fred Holman of Dallas. Walker Purvlne and Havlla Merrick returned Sunday from a few days spent at the Pendleton Round-up. Both young men are working at the W. Frank Craw ford prune dryer. Mrs. Peter Smith Much Better Now SILVERTON, Sept. 26. Mrs. Peter Smith, who was brought to the Silverton hospital Saturday with a broken pelvis bone, is said to be resting comparatively easy now. Mrs. Smith received her Injury Saturday when the light touring car in which she was riding col lided with a wood truck. The ac cident occurred near Central Howell. Mr. Smith and the two children who were also in the au. tomobile suffered only minor Injuries. We Work While You Sleep In these modern days a car is a necessity; and many people use theirs constantly. If you dislike to be deprived of yours for even so short a period as an hour, phone us the last thing in the evening and we will call for your car, wash or grease it or both, and guarantee to have it back in your garage by seven o'clock. 24 HOUR SERVICE on Washing, Greasing and General Telephone WITH EVERT TRANSACTION f.i m.m , '.. r.'" V. f.Tf "Lj gmthered to pay honor to Lintly Grand fury is Selected for Court Session Only one woman has been plac ed on the grand jury list issued yesterday from the county clerk's office, and four of the seven mem bers are from Salem. The Jury has been called for Thursday, Oc tober 3, at ten o'clock, it is re. ported. The members on the jury list are John H. Davenport, Silverton, chairman; F. A. Zimmerman, Sub limity; John H. Klene, Gervals; R. D. Gray, Albert L. Tumbleson, George N. Ireland, and Delia N. Wilkenson, all of Salem. Don't rob your child of the benefit of keen vision at the risk of permanent vis ual imparment. We will examine his eyes and insure his glasses against breakage without txtra charge. Our prices are very moderate m Service 66 m CONCORD GRAPE I SENT IN L Concord and Tokay Varieties Are Seen in Local Mar kets This Week Fula concord grapes were brought to the stores this week as the first locals to reach the market, and demand on them is much better than for the imports from California. The local con cords are selling at three pounds for 2"5 cents, while Tokays are 15 cents a pound; seedless and Lady Fingers sell at a rower price. Peach offerings continue, but demand Is for only the best grades and price on these is up nearly 40 cents on the box. They sell at 35 cents a basket. Damson plums, the very small ones, retail at 25 cents a basket and French prunes cost 25 cents also. These are both ex ceptionally fine. Despite the time of year, local strawberry growers are sending quite a number of crates to the stores, with demand during tl e week fairly good. The berries look every bit as inviting as those offered early in the spring, even if per chance they should be found reposing between squash and melons. The price is 15 cents a box. Cauliflower supplies are In creasing although the demand is still slow, with price for so far this week at two heads for 25 You may have your choice of Black Patent trimmed with Satin Kid, or Dark Blue Kid with trim of Ring Lizard $ Bags cent. Quality of local lettuce is Im proving, and although still loose, the heads offered now are a wel come relief from that of the past month or so. Price ranges from five to ten cents a head depend ing upon size and where one buys. Sweet potatoes may be purchas ed for as cheap as five pounds for 29 cents, although in a few stores the price is 10 cents a pound. Lowest .etail price on string beans is five pounds for 23 cents. Green peppers continue plenti ful and of excellent quality, sell ing at three pounds for 25 cents. Red peppers take the same price now. Eggplant costs 12 cents a pound. Both mustard greens and spin ach are offered, the former at 10 cents a pound and spinach at two pounds for 25 cents. Some extra large celery stalks are leaving the stores now, and are of pleasing quality, at 10 cents each. Hearts sell for the same. Coast peas, received here daily, have climbed op a notch with the end of the season approaching. Two pounds for 25 cents is the latest figure. At the present time only fair de mand is experienced on Danish and yellow bake squash, the former selling at five cents and the yel low at 10 cents. Hubbards are not yet ripe enough to be offered to the trade. The melon outlay has about narrowed down to the ice cream variety and to casabas. Casabas sell at five cents, same price for most of the season, and the others are down to two and a halt cents. A few watermelons are still in the stores. WO 10 Dr. L. J. Williams, Chiropodist in Attendance Four boxes of evergreen berries will be wrapped up for 25 cents. WOODBURN, September 26. (Special) Due to the reporter getting the wrong list of prize winners an error was made In the writing of list of children who won prhes on their floral exhib its at the Woodburn Garden club flower show last week. The list printed vns that of last year and should have read as follows in stead: Astors 1 Theresa V a n d e r beck, 2 Leila May Myers, 3 John Myers. Dahlias Cactus best vase A.lpha Kistner. Decor ative best vase, Betty Frentz. Peony flowered best basket Edna West. Pompom best rase. Edna West. Best basket, Gladys Grubb. Show best vase, Carl Kistner. Gladioli, best vase. Edna West. Marigolds, African best vase, 1 Theresa Vanderbeck. 2 Rob ert Koenig; 3 Irene Jones. French best vase, Robert Koen lg. Miscellaneous flower s best Tase l Howard Yates. 2 Irene Jones. 3 Burgess Myers. Zinnias, best rase 1 Wilma Koenig. 2 Betty Frentz. Largest dahlia exhibited, Edna West. The Judges for the show were F. A. Doerfler, president of the Salem Garden club and Oscar D. Olson, Salem florist CORREGTe LIST OF WHS IS GIVEN Charming pump devel oped in Dark Brown Kid with trim of Ring Lizard, or in Black Patent Leat h-er. $ Hosi V NHSItiHMM SHIP HT IS SEN ! First slpment of Oregon crai -berriehs left te Dellmoor distrk near Astoria, this week, accorditj. to word from that city. Berri from the Iwaco peninsula In Wash ington have been on the Salem market for a week, however, and cranberries from this state will reach here shortly. The season the lastest In the history of the western industry and growers sr harvesting as rapidly as the ber ries colol in vmier to avoid delav into the rainy season, the Astoria report says. Retail prices to Salem hous wivea ia now 26 cents! and demac) is scarcely noticeable, however, de mand on these Is seldom heavy ur til much later in the season. Br H from the Hwaco district ar exceptionally small so far. but oth erwise are up to standard. Tht price will drop In a lew wetv probably to around 20 cents r pound. Tomato Season Is Nearly Ended Homemakers mho have put off nickllne and canning of tomato" this far might just as well forgtt it for this season, because tne io mtrt nick for the year Is jut about at an end. And worse, to matoes now coming into town art of poor quality, with even tr . M A. green ones snowing boiu 10 osiery