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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (March 2, 1940)
PAGE EIGHT Utilities Lead Market Slump Steels,- Rails, Aircrafu ;jl Join Domward More " on Exchange NEW YORK, March l.-PH Stocks of t utilities, which In the main hare not proceeded with in tegration plans as-fast as the gov ernment wants them to, slumped today and carried the rest of the market lower. Steels, rails and alrcraf ts Joined the downward movement leaving only a few scattering Industrials and a number of. low priced coals on the high sides when the final bell sounded. 'The Associated Press average of CO selected stocks dropped- .1 of a point to 49.5. Transfers -totaled- 601.150 shares compared with 821.640 yesterday. The As sociated Press average for rails and utilities reached their lowest points of the year. Wall street observers, com menting on the slump in utilities, pointed out that four years have elapsed since congress passed the public utility holding company act, which requires corporate and physical simplification of such or ganizations. Few companies have complied with the law and on Wednesday the securities and ex change commission issued show cause orders against Electric Bond it Share Co. and Engineers Public Service Co. Shares of both companies slip ped major fractions. Other utili ties closing lower included Con solidated Edison, North Ameri can. Electric Power & Light. Pub lic Service and Brooklyn Union Gas. Sale of a block of 14.000 s h a r s of Commonwealth & Southern lowered the price by to 1. Baby Chick Meet Set at Silverton A subject of interest to Marion county poultrymen to be discussed Tuesday night at the Silverton armory is the brooding and rear ing of baby chicks. A motion pic ture on this subject will be shown on the program, which begins at 8 o'clock, and Noel Bennion, ex tension poultryman at Oregon State college, will be present to lead the discussions. All interested persons are in vited by County Agent Riches to attend the meeting and ask any questions they may have on the subject of chick brooding and rearing. Wool in Boston BOBTOX, March 1 AP) (CSDA) Greasy combine ahorn wool, were very quiet on. the Boston market today. Top making concerns were Cg'ting a moderate increase in the volume ol order for wool tops, but this did not require any increase in purchases of raw wools. Most of the tops sold were made of foreign wools. The price situation in domestic wools was snowing change in this market. Refugees of California Floods y v j i f ' i P 't , ( .'"v r. ,,: : . S ) Ni - -, - , - - - - , msw j V : V v ' ' f - x -wr v Ati!,' -N - s- i ii .-..... .: wi-' j mirTii i in "n i r i - - n- .- 'i "'miTrT" tl pf'..vv.iiiiii 'ii riii- ih-jjt. Cilendoris Dowdy, a young victim of the Calif oraia flood, gets first aid from her mother, Mrs. Thclma Dowdy (top) and Mrs. Evelyn Parln nurses her 17-day-old daughter, Loretta Roe (lower), undisturbed by her exciting experiences Is -the other daughter of Mrs. Partu, Kellie, four and one-half years old.' Both Tstothers and children were members of families from migratory camp at. Winters, Califs which were hastily mored from the flooded camp to the state fair grounds at Sacramento v' : Confession Clears up Slaying mm t& - V . . " k - starts .': -woS : 1 1 . y- mmm w - y y ) Police at East Tawas, JOch., claim a confession from Mrs. Winifred Moshier, 34-year-old mother of three children, that she killed 10-year-old Robert Kenyon in June, 1936. The mutilation-slaying, of the boy, who was staying: with his aunt on an East Tawas farm, never waa solved although officials have been investigating for three years. Closing Quotations NEW YORK, March l-PToday's closing quotations: Al Chem ft Dye174tt Allied Stores 8 American Can ..1154 Am For Power.. 1 Am Power Lt t Am Rad Std San 9 Am Roll Mills.... 14 Am Smelt St Ref 49 Am Tel & Tel....l72 Amer Tobacco.... 87 Am Water Wks.. 9 Anaconda 29 Armour 111 5 "4 Atchison 22 Barnsdall 5 Bait & Ohio 10 4 Bendix Aviation 31 .Beth Steel ... 75 Boeing Air 23 Borge Warner - 22 Budd Mfg 5,4 Calif Pack 2i Callahan Z-L 1 Calumet Hec 7 Canadian Pacific 54 J I Case 68 Caterpil Tractor 49 Celanese 28 Certain-Teed 6 4 Ches Ohio 3 9 Chrysler . Coml Solvent Comwlth & Sou.. Consol Edison Consol Oil '. Corn Products Curtiss Wright.. Douglas Aircraft Du Pont Slec Power & Lt General Electric General Foods -General Motors.. Goodyear Tires Great Northern.. Hudson Motors Illinois Central- Insp Copper . - Int Harvester Int Paper St P.... Int Tel St Tel.. Johns Manville- Kennecott 88 94 Libbey-O-Pord 49 Lig & Myers B..107 Loew's 34 74 Monty Ward .... 53 Nash Kelvlnator 6 National National Quotations PORTLAND, Ore. March 1. (AP) Produce exchange; Butter: Extras 29 H: atandarda 89; prime firsts 29; -lrsts 29. Butterfat 0-30. Eggs: Large extras Is; standards 17; medium extras 17. standards 17. Cheese: Triplets 16V; loaf 17. Portland Grain PORTLAND, Ore.. March 1 (AP) Wheat: Open High Low Close May 85 85 84 84 Cash Grain: Corn, No. 1, KT. S8.00. No 1 flax. S.00. Cash Wheat (Bid): Soft white 83; Ths 83 Natl Dairy Prod 13 National Dist 1 24 7 8 8 88 87 11 40 28 49 83 11 29 12 24 43 11 47 5 83 47 6 35 57 5 23 11 40 1 Northern Pacific Natl Power & Lt Packard J C Penney Phillips Petrol -Press Steel Car Pub Service NJ- SI 7 63 10 81 184 S Pullman - 37 Safeway Stores- 474 52 23 23 Sears Roebuck Shell Union - Sou Cal Edison Southern Pacific 6 Standard Brands 11 Standard Oil Cal 13 Standard Oil NJ Studebaker Timk Roll Bear Trans-America -Union Carbide . United Aircraft United Airllnes- US Rubber US Steel Walworth - Western Unfbn White Motors Woolworth - B3 65 3 69 Biscuit Cash .. 24 15 at Portland western white 82 H; western red 82. Hard red winter: ordinary 82; 11 per cent 83; 12 per cent 86; 13 per cent 91. Hard white-Bjart : 12 per cent 91; 13 per cent 95; 14 per cent 9. Today's car receipts: Wheat 62; bar ley 2 ; flour 8 ; corn 1. Portland Produce PORTLAND. Ore.. March 1. (AP) Country meats Selling prices to retail ers: Country killed hogs, best botchers, 125 to 150 lbs.. 7tt-Bc; Tellers, fancy, 15-15c lb.; light-tMn, 10-12o lb.; heaTy 10-llc lb.; spring lambs, 15c lb.; ewes 4 7 lb.; good cLtler cows, 8-9e lb.; canner rows 7 ',4 8e lb.; bulls 10-10 lb. Live Poultry Nominal buying prices: Leghorn broilers, 1 to 1 4 lbs., 16 lb.; do 3 lbs., lSe lb.; fryers, under S lbs., 16c lb.; do 8 to 4 lbs., 16c lb.; roasters, over 4 lbs., 16c: colored hens to 4 lbs., 14e do over 4 lbs., 14c; Leghorn hens, mrder SH lbs.. 10 lb.; over lbs., 10-lie; No. 2 grade, 5e less. Turkeys Selling price: Hens, 16 -17e lb.; toms, 15c lb. Buying prices nominal; No. 1 hens, 15Vi-le lb.; toms, 14c. Onions Oregoa, 40-50c bag; Yakima, 85-40c per 50 lb. bag. 8ts, white, Se lb.; brown He lb. New potatoes Florida, large, 8.50 per SO lb. box; small, 3.65. Potatoes Yakima Gems 1.45 1 55; De schutes 1.25-1.40; Klamath. 1.80 per cwt; one Malin brand 1.65; local Whites 80i box; sacks 1.00-1.85 cental. Sweets 3.40 crate. v Bay Selling price to retailers: Alfal fa. No, 1, 15.50 ton; oat-retch, 13.50; Oregon, 18.00 ton; clover, 11.00 ton; timothy, eastern valley 13.00-14.00 ton, Portland. Wool Eastern Oregon, fine 25-26e lb.; crossed, 28-29e lb.; Willamette valley. 12-month 29e ; lb.: lambs, 20c lb. Mohair 12 months, 29c lb.; fall, SOc pound. Cascsra 1939 peel, 4c lb. Hops Oregon, 1939, 25e lb.; 1988, nominal. Domestic Flour Selling price, elty de livery 1 to 25 bbl lots: family patents, 49s. 6.95-7 55; bakers' hsrd wheat, net, 4.90-6.35; balrs' bluestem, 5.60-6.00; bleided wheat Ilour'B.fiO-6.05; soft wheat 5.10-5.15; graham, 49s, 5.50, whole wheat, 49s. 6.95. Portland Livestock PORTLAND, Ore. March 1. (AP) (CSDA) Hogs: Salable 100, total 850; market active, mostly steady. Barrows and gilts, gd-cn. 120 140 lbs 9 do f d eh, 140-160 lbs 6.00(3 5.25 fei 6.60(0 6.00(ft 5.60(g) 5.50 if 5.25 5.15 5 00(5 4.90 5.35(a) 4.50 6.50 6.75 6 25 6.25 6.25 6.00 5.75 5.50 5.85 6.36 6.00 4.85 do gd eh. 160 180 lbs da gd eh. 180 200 do gd-ch, 200 220 do gd ch, 220 240 lbs lbs., lbs. lbs- do do gd-ch. 240 270 gd rh. 270 300 gd ch. 800 330 lbs, lbs. lbs. do do gd-ch. 330 360 do medium. 160-200 Ibs Feeder pigs, gd-ch, 70-120.. Cattle: Salable 85, total 50 ; calves. salable 10. total 35; active, steady Steers, good, 900-1100 lbs.. I 8.35 8 90 do srediom, 750-1100 7.75(g) 8.85 do n-ed, 1100-1300 lbs 7.25 8:15 do com. 750-1100 6.50 7.75 Heifers, good, 750-900 lbs- 7.75(3 8,25 do medium, 600 900 lbs- 6.75 7.76 do common, 600 900 Ibs 5.50 6.75 Cows, goid, all weights 6.00 7.15 do medium, all weights 5.00 6.00 do cut-corn, all wta 4.00(9 5.00 .do eaaner, all .weights 3.60 4.0O Bulls (ylgs. ex.), beef, good aU wtights 6.75 7.25 do sausage, good, all wts 6.50 7.00 do ssasagr, med, all wts .00fs 6.50 do sausLge, ct-cra all wts 6.25(j 6.00 Yexlers. goed-ch. all wts 9.00 ( 11.00 do eom-med, al. wta.. 6.00 ( 9.00 d ealle, all wts 4.50 1 S.00 Calves, med eh, 400 lbs. dn 7.00 9.00 do eom-med, 400 down 5.00 7.60 do culls, 400 down 4.000 5.00 Sheep: Stlable none, total 25; market nominaL Lembs, good and choice 9 d medium and good do common ., 9 00 8.50(9 7.50 3.350 9.50 S.90 8.25 4.50 8.75 Ewes, good-choice do common-medium Stocks and Bonds March 1 BOffD ATEaAOSS (Compiled by The Associated Press) 80 10 10 10 Sails ladua Xet change D .1 Uneh Friday S6.S 102.3 Previous day S7.0 103.S Mt-eth ago 57.S 102.0 Tear ago 82.0 100.3 1940 high 69 9 102.6 1940 low 66.7 101.9 Ctil D .1 96.4 96.5 96.1 95 6 96.8 96.1 Forgn A .1 60 1 60.2 60.6 62.4 61.6 49.9 STOCK ATEKAOES SO 15-15 60 Indus Rails Ctil Stocks Net ehange Ui ch D .1 D .2 D .1 Friday 70.7 18.5 t.1 49.5 Pswvioaa day 70.7 18.6 SS.0 ,4.4 Month ago 70.1 18.6 S9.3 49.S Tear ag 73.9 33.9 39.3 53.3 194 J high 74.3 30.5 40.6 62.3 1940 low 69.9 18.5 88.7 493 Xw lows. OREGON STATESMAN, Satan. Wheat Declines 2 Cents Bushel Forecast of Grain Belt Rain, Crop Report Cause Selling CHICAGO, March l-iff-Wheat alues dropped more than 2 cents today at the lowest Quotations In two weeks due partly to selling inspired bj forecast of grain belt rain and the March private crop report. The downtown wiped away all bat a fraction of the 7 cent gain scored since Friday, February 16. This was the advance which pnx zled government farm emprta ac cording to statements Issued yes terday In which they cited bear ish market factors Including large carryovers ana aonormally high domestic prices comnared with world prices. At the end of six months war In Europe Chicago wneai snows an advance of about S2 cents a bushel. Winnipeg prices have risen 27 cents. Selling predominated through out the session although there were frequent small rallies due mostly to reports of dust storms in Texas and Kansas. Final prices were about the lowest of the day, t2 lower than yesterday, with May at $1.00 -37, and July 98-4. Shippers sold 195.000 bushels, mostly protein hard to outside mills, which contributed some strength. The forecast indicated unset tled weather with light rains could be expected in parts of the hard winter wheat belt bnt most attention was attracted by the first private crop report, which, although of a preliminary nature, confirmed Improved crop and moisture conditions. 75,000 Pounds Hops Contracted AURORA Contracts to pur chase 75,000 pounds of hops in 1940 from seven hoD rrowem in southern Clackamas countv waa announced yesterday by the Wolf nop company or San Francisco. The buyers will rav 22 U per pound. Ten thousand pounds will be sold by each of the follow ing growers: Trost Brothers. Roh- ert A. Armstrong, Grlbble Broth ers, William C. Lucht, Carl Se ther and H. G. Lucht. rrpTi White of Mt. Angel has con tracted to sell 15,000 pounds. POLLY AND HER PALS SOME EMSlKlB. EH, UNK MICKEY MOUSE LITTLE ANNIE ROONEY TOOTS AND CASPER YOU RAISED ALU" HELLO, EMMA HEUO f7 WTPH NOTGOtM Q 17 MXJ KNOW, LAST WEEK If tfi P'Y7 VXI KWOW, AWMtE. A EFSiE EVEPYBOOY-. WHERE J ANyPlACE, ANMK I ITHE GRCWM-UP FtXKS ttp"0? Ijil sif LITTLE BOOBO WOULD BE BCH5j Bfr i yAGow? rr- Xi -wetccomm', I haoa bhspooeosm tf" awi o T3 wjn - but there's no vgtfti: -t--. - If, TDSEEVOO JLJ B F - rffJ THOUGHTS A&3v& PLACE. 4 TOWU THAT" A OH.VOU f YOU CAN'T, BOSS! I TOLD THEM IT "WAS A OP MY EMPLOYEES SALARIES? WELL,,. I'LL SOON CHANGE THAT t BIRTHDAY PRESENT PROM 3TME A LE THEATRE Starring Popoys THE WPSTEERfeErVSJ SINCE. OUR. GUESK DRlr4Kc ALL THE WATER. CXJT OF l-i THE HOLD r Oregon. Saturday Morning, March 2. 1940 Salem Market Quotations (Saying Pries) (Tae prices below supplied by a Vocal grace and indicative el tae daily market prices paid te growers by Salem bayers bat are set guaranteed by The States man,) Bi nana, lb.' an stalk Hands Oapelralt. Ariaeaa Lemons crate , .. .05 .06 3.40 6.60 to 4.80 3.16 Oranges, crate 3.60 Aveeadoes, crate VEGETABLES (Baying Frces) Beets, do. , J5 .04 .45 1.25 3.26 4.00 .60 .60 .26 1.40 .85 .40 1.25 .40 Cabbage, lb. . Carrots, local, do. Canliflowar, local . , Celery Lettuce Calif. . Onions, 60 lbs. ... Green colons, do. Pepper, green Potatoes, local, cwt., Ko. 60 lb. bag Radishes Bpinacb, Seattle, box. Tnroip. do. Rhubarb, fancy -- .90 OKAUr. HAT AJTD SEEDS Wbeat, bn Np. 1 rt cleaned .TS Oats, ton 20.00 Feed bsr'ey. ton 2100 Clover bsy, ton , 10.00 Alfalfa kay, ton 14.00 Egg mash. No. 1 grade. 80 lb. bag 1.80 Dairy feed, 80 lb. bag 1.45 Hen aerateh feed 185 Cracked corn 1-80 Wheat i0 EGOS AJTD POULTRY (Baying Prices of Andxessn's) Grade A large, dos. .IS .14 .18 .10 .12 .14 .08 .11 .08 .05 Grade A medium, dos. Grade B Urge, dos Pullets Colored hens - Colored frys White Leghorn, hesvy. Whit Leghorn frys White Leghorns, light Old roosters , , . Heavy hena. lb. 11 and 12 Baying Price of Marlon Creamery) Specials, large .15 Grade A large, dos. Grade A medium, dot. .14 12 .18 .12 .09 .10 .14 .14 .10 .06 Grade B large, dos. Undergrades and ehez .. Pnllets Leghorn bens Leghorn fryers. 1 lbs. Colored fryers, 3-8 lbs. Colored hens 014 toosters HOPS (Buying Fricer) 1988, lb. .35 1939 .85 LITE STOCK (Baying prices for Ho. 1 stock, based oa conditions and sales reported np to 4 p.m.) Lambs. 1939, tops 9 oo Lambs, yearlings Ewes Hogs, top, 101-220 lbs.. Beef eows Bolls Heifers Dairy type cows 5.60 to 6.00 3 00 to 4.00 5.80 to 5.85 8.75 to 4.25 5.25 to 6.75 5.00 to 8.50 5.00 to 6.50 8.50 to 5.25 .10 .14 Live veal, lb. Dressed vesL lb. huts (Prices paid by Independent Packing plant to grower) FILBERTS Barcelona, orchard run. lie; iumbot, 14e; large 12c; fancy lie: babies 10Vc Duchilly and Bris nuts le higher. WALNUTS Orchard run: rranquettes 6 7c; soft shells 6c. Grades: Franquettes, CASPER, ET YOUR WIPE TOUT OP THIS OFFICE BEFORE YOU! HEAR ISME BANKRUPTS THEM OUT ME "THERE CHEERING Tour. ARE YOU f I rSM fH-rAl LET U& CHAT. rrrm. ) NOTHING PCEYEi fvy FRSEhO V HURTS i 6MILE-VET. jTS FYm JV LIE'S A"BROKEr4 J OAME. &grS SHAKT UEOCHA Grada B raw 4 per cent milk. Dairy Co-op price to distributors, $1.80. Butterfat, No. 1, 29 Mc; No. 2, 27 He; premium, O He A grade) print, 82Kc; B grade 81 ; quarters S3 He. ham bo II He, largo 12c, fancy 10c, me dium Se; soft shell Jumbos 12 Vac. targe lie, fancy 9e, medium 7 He. (Ce-ep Price to Wholesalers) WALNUTS Franquettes, Jumbos IT, large 15 He, faney 18c, medium 12c; soft shells. Jumbos 16 He, large 14 He, fancy 12 He, medium lie; Mayettes, large tSe. Caacade Franquettes, large 12c, me dium lie; aoft sheUs, large 12c, fancy 11 He, medium 10c. FJLBEUT8 Duchilly. Jumbo 18e: Igs 16e; faney 15e. Brii nuts, jumbo 17c; Urge 16H; fancy 18 He; baby 13c. Dallas Will Have Electric Meeting DALLAS Doe to a large num ber of requests, a one day rural electrification meeting has been secured for Polk county. The meeting will be held at Monmouth Wednesday, March 6, in the after noon, states County Agent W. C. Leth. This meeting will be similar to several held in many other coun ties and will deal mainly with electrical problems of interest to most users of electricity. Such matters as wiring, better home lighting and electrical appliances will be discussed. In addition to the speakers ar ranged on the program, demon stration equipment will be on hand for inspection and will In clude the latest developments in this field. Everett Davis of the agricul tural engineering department of Oregon State college will hare general charge of the meeting. He has secured the cooperation of the electrical companies as well as equipment dealers for this meet ing. The meeting will be held In the high school gymnasium starting at 1:30 p.m. Townsend Council to Meet WEST SALEM The club council of West. Salem Townsend club will meet at the home of A. Denham, on Klngwood at 4th street, Monday at 2 p.m., for a special meeting. Every Boost la cx Knock That Lamb' no Black Sheep I Give Me My Boots and Saddle! A Question of Gire and Take SHE WONT QUIT! CASPER, YOU SAY AN EFFICIENCY EXPERT CAN SHE LIKES HER JOB AS EFFICIENCY! EXPERT TOO WELL! BUT I'VE AM ONLY HOLD THE SAMS JOB FOR ONE WEEK? This Is Your Blngsid Satl TUP CjMvV A -BROKEN TO tfcT OUT le Silverton Woman Will Move South Mrs Craden at Hospital in Portland; Clinic Is Scheduled BlLVERTON Mr. and Mrs. Knute Crown are announcing the birth of a daughter, February 28, and Mr. and Mrs. Loren Cower, a son, February 27, at the Silver ton hospital. Mrs. E. F. Clower, who has been living here for the past 12 years, plan to leave within" a month to Join her daughter, Mrs. Harrison Fischer in Los Angeles. Mrs. Fischer, the former Elaine Clower, taught in the Silverton schools for a number of years. George Manolis, who was ill for several weeks, has sufficiently recovered to return to his work as owner and manager of George's cafe. Mrs. Frank Ferguson (Clara Davis) writes friends that this has been the coldest weather sbe hag experienced in her 20 years in Baytown. Texas. For two weeks the weather was cold, going as low as' 10 above sero and snow covered the ground. Mrs. Fergu son with her husband and moth er, Mrs. Jennie Davis Winkler, visited at Silverton last July. She is a native of the Silverton coun try and a graduate of the Silver ton high school. Mrs. Cora Graden is at the Good Samaritan hospital at Portland for medical attention. Her moth er, Mrs. Oscar Broten, is staying at the T. P. Rlstelgen home at Os wego. A baby and pre-school clinic will be held at the Eugene Field school Tuesday afternoon. Mrs. Edward Ekman is In charge of lo cal appointments. The Silverton Active club will visit the Salem club on March 12. Former Monmouth Resident Dies MONMOUTH Mrs. Mary M. Sharrow, former Monmouth resi dent, died Wednesday In Port land after a long illness. Rev. W. A. Elklns of Monmouth officiat ed at services In her home town, Milwaukie, Friday. She was born May 18, 1882 at Eckley, Nebras ka, and came to Salem with her parents where her girlhood was spent. She was married in 1901 to I TUATl RIZHT. TnTe I IT- SORT OF AN UNWRITTEN LAW! NOW ET YOUR WKCK-S SALARY AND LETS CURE FORM ucPV WELL. AT THE HFABT IS H fSMJ V-TX IMATtHPOPEYE 7 Ik. I TTfP- 1 1 LiltL. VaUsrri IE CXXJNTFCy J VTRAJNER Harry Eharrow and they Jived UT Salem several years. ,Wheo their; daughter, Bejis Sbtrrow, wsl placement secretary at Oregon: Normal school, they lived in Mora mouth. Sharrow, a Spanish Am erican war veteran, died thres years ago. Mrs. Sharrow has re aided In Milwaukie, recently. Surviving are two daughters Mrs. Alfred Allen. Baton Rouge La., and Mrs. ' Lloyd Seeley of Klamath Falls. State Hop Market Dull During Week Oregon hop markets remained seasonally dull during the week, but prices quoted growers were steady and unchanged from last week, the agricultural marketing: service reports. Lack of selling treasure from growers tended to offset the slow Inquiry and mad for market steadiness. - While no sales of spot bops were reported in this state dur . ing the week, nominal prices to growers on 1839 hops were still placed at about 26 cents per pound, net. Trade reports Indicated that contracting of 1940 supplies la Oregon continued In a moderate) way with a few carloads of 1940 regular type seeded clusters con tracted at 22 cents to 22 cents per pound, net to growers. i!,(.i.f. Mill By CLIFF STERRET By WALT DISNEY By BRANDON WALSH VOUKOS ST HERTT-rU ASK MP. MAPPy KIM WE .UL BETCHA METL Sy YES - AN AAAVBG THE COOK WHX HME SOAE COOOES OR LEMONADE WAIT HEOE. I'LL , BE BACK AWFUL PAST By JIMMY MURPHT I'M U LAD MY JOBS OVER I DIDN'T LIKE WORKING FOR YOUR BOSS! I'M USED NOT TAKING IHDHi WELUBLCW 5 i : W 1: X fZcXC . I I" all 4 -4 Sk.