Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (May 29, 1940)
PAGE EIGHT lt OniGOII STATESMAN. Sclera. Oregoni Wednesday Morning, Liar 13. IS 43 .k Topple nipjrenaeFc Later Make I Stoc AfteF Belgian Selbdiuindi. Recovery Move Follows Close Steels. Motors, Aircraft Unloaded With Shock at Capitulation NEW YOllK. May 2i-(Jf- Stocks toppled as muen aa 7 points Id today's market, after the : Belgian surrender to Ger many, but the majority rebound ed sharply at the close. After the first shock of the surprising; capitulation. when blocks of 1.000 to 10.000 shares of leidlnr steels, motors and air crafts were nnloaded. many at new two-year lows, a recd-ery more got under way. Dealings in the first hour, howerer. when prices were at bottom, were about half the day's total transfers of 1.263,510 shares. The turnover compared with 791,260 Tester day. The Associated Press average of 60 stocks, despite the come back which enabled a namber of issues to erase more than two- thirds of their morning relapse, was off .8 of a point net at 38. At this level Monday's rally was more than wiped out and the composite stood one-tenth of a point above the 1940 low. Steels, among principal ' bene ficiaries of arms spending, were outstanding on the rallying shift. Stocks In arrears 1 to about 4 at the last were US Steel. Beth lehem, Chrysler, General Motors, Douglas Aircraft, Sperry, Lock heed, Sears Roebuck. American Telephone, Consolidated Edison, Du Pont, Allied Chemical, Kenne cott, American Smelting and Great Northern. Conqustadores? Lives Reenacted1 Censors Nov Deal Farm Legislation LEBANON Dr. P. M. Brandt of the animal husbandry depart ment of Oregon State college led the discussion of recent farm legislation by the Pro America chapter Monday night in the Leb anon hotel. He prefaced his talk with a survey of the first need of agri cultural readjustments. The farmers' problems, he said, are market and credit. Principal marketing problems are caused by the loss of foreign markets and changes in American eating habits, less meat and cereals and more vegetables and fruit. The speaker traced the history of farm legislation and urged the need of early recognition of what the regulation of individual farm ers from Washington means, ith the tendency to staff farm bureaus with young lawyers from cities whose knowledge of farm ing is theoretical. Such centrall ratlon must bring the matter closer to politics and farther from farm all the time, be said. The problem, be said, must be settled by Intelligent farmers for themselves. He complimented the Oregon legislature upon its refusal to allow soil conserva tion districts to be. set up in this state by a petition of 25 per cent of owners or occupiers of land and a vote of 50 per cent and instead req airing a vote of 75 pet cent of owners before soil con servation districts which are really governing bodies can be set up. i u n r , AS V V HISTORY RETOL D When the Southwest celebrates this year the 400th anniversary of Coronado's search for "seven cities of Cibola paved with gold," scores of cities in New Mexico, Arizona. Oklahoma, Texas will re-enact fragments of Conquis tadores history. These little CocbJti dolls (made by Indians) are ready to add to festiveness of occasion. - Salem Market Quotations (BuTlnf frlccs) Tb price below supplied by s Iocs trocar and indicative of the daily market price paid so craweri by Bales Barer bat are sot guaranteed by The, State- ) VEGETABLES Cabbac. lb. Carrot. Calif.. doi. Cauliflower, local .. Cucumber, dot. Celery Cherri, lb Lettuce, local Ouions, f0 lbf . .t Green onion, do. Pepper. th Potatoes, local, cwt. o. 1 50 lb. has New potatoea, lb. Radishes . , , , Raspberries, era; Spinach, Seattle, box Hhnbard, lb Asparagus, doi. Peas, local, lb 8trawlcrriet. dot., local Mustard greens. Hoi -.. Waterr-eas, di Beets, doi Turnips, doi. .02, .53 1.80 .SO 2.00 .10 1.00 2.25 .20 .25 1.85 .65 .25 8.00 .70 .03 .90 .05 1.50 .SO .40 .40 45 GIL IS, HAT AND SEEDS Wheat, No. 1 reclsaned. ba. .75 Oat, ton 17 00 Feed barley, too JO 00 Clover hay, ton in oa Alfalfa hay, ton 12 00 mash.. N. 1 trade, SO lb. bag 1.80 Dairy feed. 80 lb. bag. Hen crtch feed Cracked corn Wblftt 1.40 1.80 1.90 1.00 EGOS AMD POUXTET (Baytns Price ef Andreses') Specials, large ,. .15 Grid A Urge, dox J4 Oiad A medium, dox. .13 Grade B large, dox.. . Pulieta Colored hen .13 .09 .11 Bntterfat, No. 1. 25 Vkc; No. 2-23 c; preninm, 26 He A grade print, 29 He; B grade 28 ; quarters 30 He. Colored fry White Leghorn, heary White Leghorn fry , Whit Leghorn, light- Old rooster .17 .09 .11 .OS .05 Heavy he, lb .11 (Baying xrlcf of Urion Cie-mery ) .15 .13 .13 .10 .13 .00 .08 .13 14 .11 Grade A large, do. Grade A medium, dox Grade B large, dos. Undergrade and chex Large dirties ,, . Pullets Leghorn heas Leghorn fryers, 1H lbs.. Colored fryers, 2-8 lbs- Colored hens . HOPS (Baying Price) .29 to .80 .80 1939 1940 contracts, lb XJVESTOCK (Baying prices for No. 1 stock, based OB ecnditions and sales reported op to 4 p.m.) ivo spring ismDs 7.so Lambs 4.00 to 6.00 Ewes 9.00 to 4.00 Hog, top, 160-220 lb S.00 Sow , 4.00 Beef Cow S.00 Ball s.00 to 6.60 Heifers 8.50 te!7.7S Dairy type cows.. Live Teal 4.50 to .0 S.00 Dressed toI. lb. ... .11 WOOL AND MOHATJt (Baying Prices) Wool, medium, lb. . .38 Coarre, ib. ,t .38 Lambs, lb. , .24 Mohair ,, , . .35 Quotations at Portland rORTLAXD. Ore., May 28. (AP) Eggs: Large extras 17. standards 10; medium extrs 13; stsndards lt. Cheese: Triplets 14: loaf io Butter: Extras 27; standards 20; prime firsts : frrtt 25. Butterfat 26 4 27. Early Wheat Loss Reduced by Rally ' CHICAGO, Hay 28-(s-Cpitu-lation of the Belgian kins; sent train prices into a tallspln at the start of trading; today but after blackboard quotations had been marked down 1 to 3 cents a bushel the market regained its composure and practically all of the losses were retained. Wheat fell as much as 14-3 cents. July-reaching 31 and Sep tember 80, within IV, cents of the fixed mlnimnms below which trading rules permit no transactions.- Corn was oft ltt-.l4 to within of the mlnimnms. rye dropped 1 and oats declined almost a cent. . The late rally reduced these losses materially and wheat closed -! lower than yester day, July and September 83 V-. Portland Grain PORTLAND, Ore., Wheat : Open Sept. f.h lrain : Oats 21. CO. liarlev, No. 2 Flax. Xo. 1. 181 h nht Hid! Soft white "1H western white 72: western red ,2. Hard red w'nter: ordinary 72; 11 per cent 74; 12 r cent 79. Hard white-Baart: 12 pT cent 4Vi ', 13 P cent 99; 14 per cent 1.02 H. Today' Car Re.-tipts: Wheat 17; flour 2; corn 5; millfeed 3. May 2. (AP) 11. en Low Clone 73 H 72 72 Xo. 2, 331b. -white, 43 1b., BW, 21.00. Soft white Portland Livestock PORTLAND, Ore.. May 28. (AP) (U8DA) Hogs: 600; slow, 15 lower than early Monday. Barrows and gilt id ch, 140-1(0 lbs $ 5.15 8.00 do gd ch, 160 10 lb 5.1 Sid 40 do gd-rh, 180 20 lb .15f 0.40 do gd-eh, 200-220 lb. 6.25 W 6.40 do gd eh, 2SO-S4-I lbs 5.65 W 6.10 do gd-eh, 240 270 lbs 8.50 5.90 do gd eh, 270-300 lbs 5.25 C 5.65 Teeder pig, (d ch, 70-120.. 4.50 4.75 Cattle: 100: calres 50; moderately ae tlra, aooatly steady. Steer. gd 9O0-1 1 JO lbs $ 9.85 010.25 d medium 50-1 100 lbs 8.50 VS 9.35 d coaaoa T50-1100 lbs T.000 S.50 Hetfcra. good T 50 900 lbs 8.7it S.25 do asadiua S0O VOO lbs- .T54j 8.75 de eoamoa 500 00 lbs l iitf J.75 Cows, good. U wrgbt T.25JJ 7.60 d medium, si! weights 8.50W T.00 da cut com. all weighu. 4 50 1 .5o da caaaer, all weight 8.75(3 4.50 Ball (yig. exehL), beet geod. all weigats T.00 7.25 do saasag. fd. at) wts 6.75 tt 7.00 " da medium, all weight. 6.00 y 6.75 da eot-eoa. U wt ttiQ 6.0Q Traler. gd ch, all weight, 8.00(5 9 00 do com-med. all wU -8.50( 8.00 do call, all weight 4.50 5.50 Sheep: 850; steady. Spring lambs, good-ckoie .-8 8.50 9.00 do medium sad good 7.75 8.25 do com mo a 7.006$ 7.50 Lamb, srom, median good 6.00(9 6.50 da tsmmoa .. 6.256$ 5.76 Ewes, ahora, txd-choice- 8.00 8.25 Portland Produce -Kills Son to Save Him From War i - r - . - ; k 1 vr- :: . . lrs. Catherine Kelly and torn Because she wanted to save him from the war. Mrs. Catherine Kelly of Chicago kilted her five-yer-ol sen, John Kelly, with a baseball tL, rhysicUu-i said Hrs, Kelly was suffering from Inrolutioo-l tfepresioa., ! PORTLAXD. Ore.. May 23. (AP) i roultry Baying prices: K. I grade. Legion broilers, 1 Vi to 2 lb.. 15 ib : fryers, under 3 lbs, 17c ib.t 8 t 4 lbs, 17e lb.; roasters, over 4 lbs., 18 io i-eztiorn hens, over 3 "4 lbs., lie lb. nder Slf, lbs., 10c lb.; colored hens. over a lbs , Uc lb.; 4 to 5 lbs., 13s b Dressed Turkeys Selling price: Ko. 1 bens, U U'ie lb - tout 910c. Onions Oregon "o. 1. 2.00 2.15 pee 50 Ib. bag. Sets, white 6 Vie lb.; brown64e. .-new caliloraia, 2.75 2.0 per 50 19? bag. Sew Potatoea California Whitea 0a. 1.35; 100s. 2.50-2.60. Potatoes Deschutes, t. 90-2.00: Klam ath 1.80 per cwt; cne Kalia brand t.SO-2.00 crate; sweet potatoes 2.45-2.50 Hay Selling price to retailers! Alfal fa No. 1. 15 50 ton; oat retch. 18.00; ciover, 1100 ton: timothy, eastern Ore gon, 1800; salley timothy 14.00 Ms Wool 1940 Eastern Oregon. fine raed., 24e lb.; crossbred. 80-81 Vie id.; Willamette valley 12-monta linsiatX 20c; lambs 25c lb. Mohair 1940, 12 month. 85a Ib. Caacara 1940 peel 5c lb. Hop Oregon 1939. 29 80c: 1940 contracts 35e lb; 1940 seedless 85c Domestic flour Selling price, city 4a bvery I to 25 bbL lota: family patenta. 49s, 6.55-7.15; bakers' hard srheat. met, 5. 05-6. CO ; bakers' blnestem, 6.9O-6.80; blended wbest (lour 5.75-6.35; soft wheat 5.85-5.40. graham 49 s, 4.80; whole wheat, 49. 8.45 Wool in Boston BOSTON, May S.8--XAP (TJSDA) Very little demand wa being received for wool in Boston today. An occasional mall lot wa taken fay milla to cover emergency reqnireeaenta. Prices varied eoneiderably, . depending ; npon whether the viocl needed were available la lots hedged by operation in th wool tops fa tore exchange. Small lots of 12-mowtka Texas wools have been moved at 80 to 65 cents, scoured basis, to worsted man ufacturers while hedged lots ot 12-meaths Texas wools were offered at 72 to 73 ee.it, scoured basis. - Stocks and Bonds ' May 28 lorn ATTF.n inn Compiled by Th Associated Press 20 IO Bails Indus Net Change D .7 A .1 Tnesday 48.8 99.1 Proviow day 49.0 99.0 Month ago 5S.2 103.8 Tear age 54.5 99.7 1940 high 59.9 103.6 1940 low 48.3 99.0 New. lew. i 10 TJtil Dl.l 90.S 91.6 97.4 96.1 97.5 90.8 8 TOCO AVSKAQES 80 15 IS Indus Rail TJtil Net change Dl.l J .4 D .8 Tnesday 68.9 18.5 81.1 Previous day 55.0 13.9 '31.9 Moat- ago 73.0 18.8 89 0 Tear ago . 67.6 19.2 87.5 1940 high 74.3 20.5 40.6 1940 low 63.5 13.1 31.1 10 Torgn D1.9 38.1 38.0 - 4TJ 42 2 63.5 36.1 60 Stocks D .8 i 38.S : 38.8 60.2 47.8 . S7.T O rS'l C-s :- ...... J T,t.lM,I.D. Herbal remedies in O. Chan, a. IX. tor ailmental of stomach, liver, kidney, skin. blood, glands and urinary sys tem of men and women. 22 years in aerrlcw. Naturopathic Physicians. Ask your neighbors abont CHAN LAM. . : - DEL Cnill LMI dUIirSS MEDld.CC CO. 313 H Court SL- corner Liber ty. Office open Tuesday and Satnrday only, 10 a. m. to 1 9. m ( to 7 p. m. Consultation, blood pressare and urine tests are free of charge. Spraying Advised For Codling Moth Lead or Calcium Arsenate Is Recommended by Hortienlturist First eorer spray for the con trol of codling moth, is due, and Apple and pear (rowers in the Willamette ralley are adrised Jby Assistant County Agent Robert E. Itleder to spray at once. . Considerable flight of codling moms nas been noted the past several days and eggs hare been deposited. Unde ordinary Wil lamette yalley weathef conditions, these eggs will hatch in six or eight days. . The spray should be applied before these 'eggs hatch. The recommended spray Is powdered lead arsenate used at the rate of 3 pounds to 100 gal lons of water. In orchards where codling moth la not a serious problem, two pounds of powdered lead arsenate to 100 gallons, of water is sufficient to give con trol. Calcium arsenate, used at the rate of 3 pounds powdered cal cium arsenate to 100 gallons ef water, has been used success fully in the Willamette valley for codling moth control. Thoroughness of application is essential in codling moth control. The foliage as well as the entire surface of every apple and pear should be thoroughly covered with the spray solution if worm injury is to be prevented. Spe cial care ahould be taken in spray ing the upper portion of the tree, aa more than half of the codling moth eggs are laid in the upper third of the tree. Closing Quotations NEW YORK. May ' 2 8-(rP)-Todaya closing quotations: . Al Chem ft Dye13 Coml Solvent-, 3 Nat Dairy Prod Allied Stores American Can.. Am For Pow Am Pow & Lt, Am Rd St, San Am Roll Mills Am Smelt ft Ref 35 AmTelftTell47 Am Tobacco .,,. 744 Am Wa Works- Nat Dlst. 24 Northern Pacific Nat Pow ft Lt 44 Packard ! 8 J C Penney Anaconda . 21 Armour 111 4 Atchison 14 Barnsdall 34 BalUftOhio 7 Bendix Aviation 27 Beth Steel , ,68 Boeing Air 15 Borge Warner.... 15 Budd Mfg - 3 CaliflPack 15 Callahan Z-L 1 Calumet Hec 5 Canadian Pacific 2 J I Case . . 44 CaterpH Trac 44 Celanese 22 Certain-Teed ' 8 Chesa ft Ohio 324 Chrysler -... 57 , 5 Comlwth Sou... 90 4 Consul Edlson . 1 Consolldtd Oil - 1 " Corn Products.. 5'CurtIss .Wright- 10 Douglas Aircraft 78 Phil Petrol du Pont 150 Pressd Car Steel Elec Pdw ft Lt 3 Pub Serv NJ Erie R R 15-16 Pullman Gen Electric 29 Safeway Stotes- Gen Foods Gen Motors Goodyear Tires.. Gt. Northern Hudson Motors.. Illinois . Central- Insp Copper Inter Harvester Inter Nickel Inter Pa ft Po inter T ft T Johns Manville Kennecott: LIbbey-O-Ford -Lig ft Myers B- Loew's . Montgom Ward Nash Kelvinator Nat .Biscuit Nat Cash 39 Sears Roebuck 39 : Shell Unions. 14 U Sou Cal Edison 17 Sou Pacific 3 Stand Brands . Stand Oil Cal-. 9 Stand Oil NJ 40 Studebaker 20 Sup Oil 43 TImk Roll Bear ' 2 Trans-America-48 Union Carbide.. 28 United Aircraft 32 United Airlines 93 U S Rubber 22 U S Steel 34 Walworth 3 Western Union -18. White Motors: 10 Woolworth 13 19 6 6 3 74 28 7 33 13 37 84 8 23 7 ' 6 18 31 6 1 36 - 4 63 43 13 17 45 3 15 8 30 Farm Experiment . Station Tour Set A tour of the agricultural ex periment station at Corvallis has been arranged for Wednesday, June 5, which Marion county farmers are invited to attend by County Agent Harry JL.. Riches. The tour will be conducted through experimental work done with field and forage crops, in cluding grasses and some of the new types of clovere. Including subterranean clover, crimson clov er, lotus, and a large number of perennial grasses. An Interesting development which will be seen on the tour will be weed control in, grain crops by use of a low priced chemical spray. Those who wish to attend the tour are asked to meet at the west entrance of the agricultural hall on the Oregon State col lege campus in time to start promptly at 10 a. m. on the morn ing of June 5. McNary Aid Asked By Logan Growers Loss of Half of 1940 Crop Value Feared as War Result Advised The Oregon loganberry control board, through William Linfoot. secretary, yesterday sent a tele gram to Senator Charles I Mc Nary urging the surplus commodi ties corporation to assist In sav ing the Oregon loganberry, crop. Linfoot said the European war emergency might mean the loss of half of the Oregon . loganberry crop unless some drastic measures can be taken. , ' V It was estimated by." control board ' officials that approximate ly 20 per cent of the loganberry crop would be taken by canneries in the Salem area while 30 per cent of the tonnage would be tak en by agencies outside of the Sa lem district, ' . Linfoot said this situation mean that fully 50 per cent of the loganberry crop would go un- harvested unless a new market was found. Senator jUcNary was asked to find this emergency out let Even though the surplus com modities corporation agreed ; to take the berries canned, there is little likelihood that the . gdvern ment machinery would . move rapidly enough to allow the can ners to make preparations for the pack, Linfoot declared. Linfoot' said the best chance of sarin g the crop seemed to be in drying the berries for govern- , ment assignment. Guernsey Sale Reported The American Guernsey Cattle club, Peterborough, NH reports' that a ; registered Guernsey bull has been sold by George Ramsdea to E. E. Clark of Sheridan. (This animal Is Gaiety's Demonstrator 2S5550. . Home From Hospital WHEATLAND Roy Wright of this . locality who has received, A treatment for pneumonia at the Salem General hospital a week was brought home Sunday afternoon. He la able to be up part of the time. ; '-..s A Drop Eight in and Skake Hands With it Ilr. Beady Cash ; NO EMBARRASSING : QUESTIONS WILL BE ASKED AT STATE FINANCE CO. 344 State Phono 9281 . lie S-216 M-222 Honey Pronplly Al Lov7 Dales! POLLY AND HER PALS "Coma out. Come out. Wherever You Arel" By CLIFF STERRET WEU-, i IZ X ( WE JUST CAME I CN lES?Jpv . Qfelf OH,WE ) IN "TO LOOK "TWEN I SUSSES A P R tou 1JC N 'TiAA MICKEY MOUSE Rolling Stone By WALT DISNEY Jrr I . SSsl VMM iz.S x LITTLE ANNIE ROONEY No Gross Grows Under Her Feetl By BRANDON WALSH THAMKS TO YOUR 7 HONEST AARQ.Ct0RT. t V KINOMC5S - 1 AAA I EKONT XX3 40THiM A2 Y WOOK1WG TORTHE I SZ ytXTPEL GONMA HXLP A J HAPPY ROAO rtr V VfHOLS. IXT- , fV, ACTTESIAX WELL i I MOW HAVE A CHAMCE.TO DO THE WORK I HAVE ALVMS WANTED TO DO -A CHANCE TO WORK WITH SEEDS AND PLANTS-WHO KNOWS 7 SOME DAY TMAV BE UICIO ENOUGH- TO ACCOMPLISH WHAT MY LATE HUSBAND SPENT HIS LIFE TRYING TO DO CREATE A NEW SPECIES i pi a tiamna a&. a a i a r i , . .. . Of if- PL-ASE.-s; I ITWO ALFALFA PLANTS GROW rALL THE J MAAM.WHATS XfMX WRE ONLY ONE GRCW r OVM i I I Cei ALRBvLRa. ? ' L (urcy i-Yi mm - . . I - IT IS A GRAS5UKE PLANT USEFUU FDQ J TOOTS AND CASPER The More the Merrier! By JIMMY' MURPHY WATCH COL. HOOFER BURN UP WITH ENW, WHEM X TELL HIM TOOTS AND I . ARB -rONMA SPEND' fAVf VATATIOM OWCtE JEVERETTS ESTATE--., M CY. COLOKZL I WS 1 & -b v - W -Pfc-VV-l mh - so am x, casper! HE INVITEO US TO SPENO OUR VACATION THERS, - r A ' i HZOIDT Ha DIDN'T MENTIOsI THAT TO ME! -HM-M-rS HS TRYlNtt TO - oriii PARTY f Coy- l0l Km fmnu trmUcm. Iwt, Warts f-M HS ALSO -INVITED MY SON DANNY CASPER.YOUR Rich Uncle INVITED ME ANO MOLLY A VACATION E' HELLO; ) THIMBLE THEATTiE Starring Popeye The Wind's out of His SoUel iL ss. u L i u u u u t u u u u u u l i v ' 9 k n brJ 5173 SO. Fi70 Dc:rs Cculli d U U n Fircl IlaH-d E-I: cn Ll;:iI-!. miff