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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (June 29, 1940)
PAC- CGHT - Closing Quotations Utilities Lead Price Advance , . . -.. j- -I - :, " I Early Transfers Heavy; European Situation Buying Handicap NEW YORK. June 2&-JP)-Stoctuf, led by utilities, pushed up In today's market as many Wall Street traders., apparently - found speculative inspiration, in tbei se lection by the republicans of Wen dellL WJllkie-as their candidate for the White Uouse. - f i f Prices Jumped .1 to more: than . 4 points at the start of the best levels, of the . day. Quotations, however,"- were unable to with stand profit taking; and trends soon besan to back away. Clos ing sains In numerous 'instances were down 60 per cent from the tops. . - . j Notwithstanding the failure to follow through on the forenoon swing.' the Associated Press aver age of 60 stocks retained a. net advance of .6 of a point at 41-3, largest gain for any day since June 14. Transfers of 1.173,000 shares compared with 441.020, yesterday. Volume in the first hour accounted for more than half of the total. While opinions were expressed In the financial district that the nomination by the GOP of a prom inent business chieftain was bull ish, the still adverse European situation was seen as a baying handicap. j Business Encouraging Business news remained mod erately encouraging, with the out look for further expansion in steel, utility, rail and motor in dustries remaining bright. A stock exchange seat sold for 140,000, up $3,000 from a previ ous transaction. j ' Large blocks of share favorites crowded the ticker tape after the opening. Commonwealth & South ern common, on a 75,000-share trade was up at 1. Willkie is president of this corporation, but announced he would resign today. ' Prominent on the forward tilt were North American Consoli dated Edison, Public Service of NJ, American Water Works, Co lumbia Gas. U. S. Steel. Bethle hem, Chrysler, Great Northern, Westinghouse, Dow Chemical, du Pont, J. C. Penney, and Sears Roebuck. Alrcrafts were hesi tant, along with coppers, oils and rubbers. j . , , r Salem Market Quotations! Silverton Cannery Moving Equipment SILVERTON The Silverton Cannery company has been work ing nights as well as days mov ing its equipment from the old Fischer . Flouring mill property to the Front street property Where all operations will be carried on this ear. The first pack of cherries will be from the Keene wood ranch. Beans, corn and other vege tables have been packed at the upper cannery in recent years. (Sarins Frlce) . Tk prices below eappried tT ft loea) groear and tadieame tee tfnly arkt pric paid to growers by Bales bytra but art set guarsnutd by Tha State Beans, green Beans, wax Cabbage, lb. Carrots, loeal, dox.. Cauliflower lOraJ Curambcra. doa ., Celery . VEGETABLES Cberriea, Ib ., . , t ,. . y. ..... Lettuce local f Onion, SO lb. Qrtt anion. o. , . , ... Pejpira, green --.L-, Potato Icxal. cart, Mv 1 Kew potatoes, lb. Kadiahea - : .. Kitoberrie. erata 8na, Crookneck, d.. rttj)at. KnMblDl, ID. gpfaarh, Seattle, bo.. Pea. loeaL lb. Muatard.aTraaav doa. Watercress, doa. Beet, doa. .05 .08 .0I4 .80 1.80 BO 1.90 03 -J.0O . 1.7 S .25 .10 1.90 JDZ S.50 - .40 . . .04 . .90 .- .0 . .so . .40 . .so S W-eat, No. 1 reeleaaed. "ba. uaia. wa Taraipa doa. ... .iJ,..,V.' . OSAXB. HAT AND SEEDS .70 17 00 Feed barter. u8 SO 00 Clor Bar, tos ' : , ,. 8-00 Alfalfa Bar. tOS 1 00 Etc aaaak,. Ma 1 grade. SO lb. bag 1 80 l.0 1.90 1.60 Dairy feed. 80 Ib. bag. Baa aerates raa Orarked eora Wbeat EQGS -JTD FOtTLT-T (Baring Prices of Andre an'f) Grada A large, doa. .IT Grade A medium, doa. .15 Grade B large, do .i .15 Pullets j,,. JO Colored heoa -I J Batterfat, No. 1, 28 J No. 2, SO He; premium, SOc, A grade print 82 He; B grade SI He quarters S3 He Colored frvt - Wbita Leghorn, ttaavf. White Lagoon fry White Letchoru. lif ht Old rooatura " Heavy fcekt, lo. S Jl .08 11 (Baying frlces f Marios Creamery) .1 1 .15 .15 ao .08 .13 as 41 Grade A larre,doi. Grade A mdiam, doa.. Grada B large, doa Legbora heoa Leghorn fry era, 1 H Iba Colored try era, 3-3 lba.- Colored heoa - Bora (Baying Frleea) .z e 193S 1940 cootraeta, lb. . . . ' XJTESTOCK (Baying prieea tor tie 1 atoek. eaditiona aad aaiea reported ap 1940 apt 1127 lamba ' LlBIM , a.oo Ewea - 3.00 .89 M Hega, top bowi y,-,-. . Beet oi Bnlla Heifera Dairy type eewa Live veal Oreaaed veal, lb. 180-220 iba. - . ... i . , 4.00 - 8.00 S.00 S.00 4:00 baaed aa tO 4 P.9 T.00 to 4.60 to 3 60 .. 5.85 to 4.35 to 5.50 to 4.50 to T.00 to 4.T5 8.50 U3 WOOL AKD BtOHAXB (Bering Prieea) Wool, medium, .85 Ooarae. lb. . 415 Lamb, lb. .80 Mohair 015 Quotations at Portland PORTLAND, Ore., Jane 28. AP) Egga: Large extra 17; atandarda IS; medium extra 15; atandarda 14. Coeeie: Triple! 15c; loaf 15 He. Butter: Kztraa 29 H: aUndarda 38; prime first a 26H firata 26. Botterfa. 29 29. Portland Grain PORTLAND, Ore., Jiine 28. (AP Wheat: Open Iligh Low Close Septtmber 73 "8 73 73 Cash Grain: Oats. NO. 2, 88-lb. white, 20.00. Barlev, No. 2, 45-lb. BW, 18.00. Corn, No. 2, ET ahjpmnt, 30.25. Flaa, Ho. 1, 1 60H. . f Cash Wheat Bid: Soft jrhue 72; west ern white 72 ; wentein red 72. Hard red winter: ordinary 72; 11 per rent 73; 12 pe cent 7f ; 13 per cent 78. Hard white baart: 13 per cent 32; 13 per cent 85. Today's Car Aeceipti: Wheat 22; flour 61 bay 1; millfeed 3. Portland Livestock PORTLAND. Qr.. June 28 (TJSDA ) Hoea: Ealable 100, bdtcbers 15 higher. Barrows and gilt, gd-eti, 140-160 lbg f 5 do gd eh, 160-180 lbs; 5 do gd eh, 180-220 lbs. 5 do gd eh, 200-220 lbs.. 5 do gd-ch 220 240 Iba.. 5 do gd-rh, 240-270 lb 5 do gd-eh, 270-300 lbs.. 5 . ( AP) total 250; .25 50 (i 85 85r$ 50 .00 5.65 6.00 6.00 6. DO 6.00 5.60 5.35 Cattle: Salable 50, total 100; ealvea, salable 10, totil 25; market draggy. Steers, good. 900-1100 lba..8 9 65(10.00 do medium, 750 1100 lb T.500 9.65 tto common, ',50-1100 Iba 6.50 7.50 Heifer, good, 750 900 lbs- 8.50 (a 9.00 do medium, 500-900 lb 6.50 8.50 do common, 500900 Iba.. 6.SO(tj S.50 Cow, good, all wt 5.50 ( do nedinra, all wtt...- 8.00C do eut-eora, all wta 4.35 do eanaer, all wta. 8.75 d Bull (yearlings excluded) beef, good, all wta 7.000 7.25 do sausage, good, ail wta 7.00 . 7.25 do medium, all wt 6.25 7.25 do cut com, all wt .... 5.25$ 6.25 6.50 5.75 6.00 4.75 Yealera, gd-choice, all wta 9.00 10.00 do eora-med, all wta ....... 6.50 9.00 do en 11, all wta ," 8.00 6.50 Sheep: Saltbla 25, total 850; lamba on tale. 1 Spring lamta, good-choice 3 7.50 do medium and good 7.00 do common 6.00 a Ewes (hom), good-choice 3.25 do common-mediom 1.00 T.T5 7.8 S 6.75 3.75 3.3 Portland Produce PORTLAND, Ore., June 28. (AP) - Country Meat Selling price to retail; en: Country killed bog, belt butcher 125 150 lb. 8 8 Vie; vealera, fancy. lSVai 14e lb.: light thin. 10 12e; heavy 10 11 Ig.; lamba, apriag 16e; yearlinga 10 12e; ewea 4 6e lb..: good cutter cow. 10a lb.; earner cow 9 lb.; balls 12a lb. Live Poultry Buying price: No. 1 grade, Leghorn broiler, 1 to 2 Ib., 15a lb ; (rye-, antler 3 .b., 15 lb. ; S to 4 lb., 16a lb.; roaiteri, over 4 lb., 17e lb.; Leghorn hen, ever 8H ib-. 13 !; under 3 Vt Iba 10 lb.; colored hena. Ter B Iba 13 lb.; 4 to t lb, IS 1b Oid rooatera 5e lb. Dressed Turkey Selling pricat Vs. I hens, 13 U le lh.; torn 9-10c I Onion Cregon No. 1, 3,18 per 80 lh bag Seta, white 6He ib.; brown 6 He. New California wax, SO. 1.25; red 2.00. , i New potatoes Local, 1.25 orange box. PoUtoea Desehute 3.25; Klamath (Tola Lake) 2.25 ewt. ; loeal White 90e box; do sack 1.50-1.60 eental; Mai.n 2.00 cental; southern jama 3.40-3.80 crt. Bay Selling price to retailer i Alfal fa Ko 1. 15 50 ton; ail fitch. 18.00; ciorer. 11.00 ton; timothy. ' eastern Ore gon 17 18; valley timothy 14.00 ton. Wool 1)40 eaatern Oregon, raage 36 2SH: Willamette valleq 12-month nota inal, 82a Ib. j Mohair 1940, 12 mont. 35 Ib. J Caacara 1940 pl 5e lb. Hop .. Oregon 1939. 40-41 ; 190 contracts 35e lb.; 1940 seedless 40c Uomeati floor Belling price, eity da Hvery 1 to 35 bbl lots: family patents. 49s, 6.00-6.60; baker' hard wheat, net, 4.60 5D5; bakers' bloestetn, 5.40-5.80; blended wheat floor 5:30 5.80; soft wheat 4.80 4 85; g r a b a m 49. 4.20; whole wheat, 49a. 34.85. Win And fUlifolfOlic'lo)' uwiro Shorter Shopping Hours Greater Savings ! f . .. Statesman Want! Ads have made sit-down shopping fashioncible and profitable. . ' .Thousands of people are waiting to read your ad in tomorrow's Statesman. The fact that each a great mass of people rely exclusively on Statesman Want Lids enables you to rent, sellliire help," etcM quickly and at lowest advertising cost, through this 1 news paper. . - - ' '. . 1 : L - : ' -l . ii . i a Wheat Advance Is Followed by Slump Selling; Pressure , Caused by New -Wheat Movement in southwest i CHICAGO, June Uiough Wheat prices started op ward today In aympathj with the strong stock market attributed to favorable trade j acceptance! of the Willkie inomlnatlon, the market weakened later and slamped more than a cent .to! the lowest close since last September 1. An opening- pjrlce advance of as mneh as T4 of a cent soon was reduced, j Later; seUing- pressure In cQnnectlon with a larger move-' ment.of new wheat "In the south west Increased and favorable weather and the uncertain, inter national situation added to bear lshness. Wheat : fell as much as 1 cents below the previous close at one stage but finished only -l eent down.LJuly 7, September 76-.! , The new crop movement In the southwest expanded slightly, aug menting recipts at the 12 princi pal terminals throughout the country to 1,481,000 bushels com pared with 1,1 44.00 0 yesterday, 418,000 a week ago and 3.263, 000 a year ago.' Kansas City had 294 cars' against 1,028 a year ago but j the six other principal terminals in Texas, Oklahoma and Kansas Received 1,864 cars com pared with 738! a week agQ and 1,612 a year ago. Kansas City reports were that a prominent mill bought wheat there. ' Most of the new arrivals were j going into storage. j " Favorable Growing: Conditions Boost -Prospective; Gross Crop Production ' In United States Near 1939 Level Favorable growino; conditions durino; April, May and into June have boosted prospective gross crop production in the United States close to the j 1939 level,; despite slightly smaller acreage, according to the monthly review of the ag ricultural situation and outlook just released. by the Oregon agricultural extension service. Feed crop arid pasture con ditions appear very, favorable, In-o dlcatlng an abundance of feed for livestock, except in local areas. Wheat prospects have improved materially with production now expected to be near the 10-year average-in the United States, although-world wheat prospects are less favorable than in 1939, espe cially In Europe. Prospects for feed . grains and hay crops are above average, and pastures are generally good throughout the country.' Oa 'the whole, conditions early In the season Indicate . that the supply of fruit, other thai citrus, will be near average In 1140-41, Stocks and Bonds June 28 stock ivEiiaei Compiled sy Tb aaeeaiated Praa 8S 15 la-ioa Baila Net ehanga . Jl .6 X .3 rriaT - a- 67.6 1S.1 Previous day 67.1 14.9 Menta ge 64.S 18.7 Tear ago 64.1 16.6 1840 high 74.2 S0.5 1940 low 62.3 1310 15 60. Ctil Btoeaa A .9 A .5 5.4 84.5 S1.5 6.2 40.6 0.9 B0KD AVEBUVGE8 V 20 10 10 Bail Indu Util Net change A .7 A . A .4 Friday 54.5 101.8' 94.9 Preriona day 68.8 101.6 94.5 Month ago 49.8 99.1 90.8 Year ago 54.9 J00.Q 95 7 1943 big- 59.9 103.6 97.5 1940 low 48.8 98.9 90.3 41.S 40.S 88.6 45.1 62.3 7.0 10 forgn TJneh 87.2 7.3 86.6 60.2 63.5 85.1 but smaller than the relatively large supply of 1939-40. .The new citrus fruit crop - promises' to be large and above last year. The; sweet cherry, crop . is ex pected to fall considerably below 1939 and Bartlett pears somewhat less than -last- year. -.Both crops are not as good in California as a year ago.- The apricot crop is very -small: in California,- .but' a slight Increase In dried prunes U expected - In that - state. - Early season prospects for - late pears and apples are fairly favorable generally . and the sour cherry crop Is larger than last year owing principally . to Increases In- Mich igan and la Wisconsin. Nut crop prospects are not as favorable as last year, according to informa tion in the report. With respect to the general level of farm prices the data show an increase of nearly 10 per eent compared with the general level of prieea a" year ago. The purchas ing power of farm products is al so higher than a year ago, as the disparity between prices received and paid by farmers Is not as great. . War Influences Limit Hop Deals PORTLAND, June 2 8 -(-Demand from dealers and Industries was limited on the American hop markets this week, due to Bpread- . ;. NEW-YORK, June AT Chem & Dye 149 4 Amerl Stores 5!. Americcan Can-. 98 Am For. Pow 1 Am Pow LL 4 i--Am Rd & St. San '" " Am RoU Mills-.i 1 1 H Am Smelt A Fef7 Am Tel & TeL-;i0 , -Am Tobacco 77. Am Wa Works-" 9 fc . Anaconda . Armour 111 Atchison : Barnsdall j'Pniiiv,i rlosinr oaoUtlons: rSolvent- Nat.DaIry Prod. 19 Comlwth Sou 1 Nat row i-. Consol Edison. 28 Northern Pacific Couolfd Oil fw-ard Corn Products- 48 J C. Penney C-rtiss Wright- 7- PWI Petrol i . Doug Aircraft U- 9 H Pressd Car Steel n Pnnt-iwl58 run serr 8 -3a S3 , 31 W 98i' 364 19 4H 15H 3 8 28 76 . 13 Belt! &. Ohio Bendlx Aviation Beth Steel , ' .. Boeing" Air Borge Warner. 15 Budd Mfg Calif ;Pack; Callahan.Z- Calumet Hec Canadian Pacif Caterpil Trac Celanese. Elcc 4 Pow & Lt Puuman Gen Electric - 32 - Safeway Stores- 40 Gen Foods 40 Sears Roebuck- 72. Gen Motors 43 Shell Union . 8 H Goodyear Tires- 14 Sou Cal Edison- 27. Great Northern - 2 Sou Pacific - 8 Hudson Motors- 3 Stand Brands : 6 . Illinois Central- 7 Stand Oil ; CfU--18H Tnan CoriDer JSiana un t Inter Harvester 4Z siaaeoaaw IT if a mm Certain-Teed . Chesa A1 Ohio. Chrysler 8 19 . 1 . : 3. 45 ; to . 62 99. U, Rim Oil 48 TImk Roll Bear 4ZU 4 s Inter Nickel m . f ' ft! Trn(-America- Johns" Manville- 55 Union Carbide., 68 Kennecott 25 United Aircraft-.3 4 T irra.vnrrl .:: 35 United Airlines- 17 "LoeWe ,Ji. 23" US Rubber 19 Montgom Ward- 38 US Steel 52 Nash Kelvinator ' 4 Walworth 3 Nat Biseuit . 18 Western Unions 17 Nat Cash 11 White Motora 9 Net Dairy Prod 13 Wool Worth 11 Ing Influences of the European war. - v -. - r - " The Oregon market was quiet, but the . agricultural marketing service reported sales totalling 95 bales of 1939 hops netting grow ers 28 to 30 cents a pound. Only a few 1939 bales remained strict ly In glowers' hands. . j T4issrjfcgere no transactions for 1940 supplies but dealers indicat ed, values at 35. cents a pound for clusters end 40-41 cents for seed less types, both quotations to growers. . Wool in Boston ' BOSTON. Jnn 28- -AP (TJSDA) Sale were vary alow on tha Boaton wool market today bat prieea were fairly steady on pot wool. , Good French combing length fine territory wooia in orMrinal baga were, offered for future delivery at prieea aomewhat nnder the range, - 85-86 cent, scoured basia, at which pot wool were quite firmly .held. Prieea W r steady, in - country-packed linea of three eighths and quarter blood bright fleecea at 89-49 eeata, im the areaa. eBvred to aaera. Order for iaaporta fcava heem placed on fin and rnediam crossbred Ungnay wool at tha aew low price re cant ly taoted 1m Soath Asaeriea. , PopUI i m because itVGOOD PIASTER DHEJ1D POLLY AND HER PALS Protecting Its Nine lives By CLIFF S TURRET ' W-gg 'f GOT BACK I I HOW ARE tX SX - "jf" . , U - OT I mPf OO-rOUKNOwW EGG2ACKLV SO SURE" CXIZ ZT k) 0 "WHEN KlTTvT t'lf f&l AKK5EL HAS vsTEN MINNITS WHEN CuV jTl "THAT'S TVT (QA !o CAmE IN HERE ' H b RETURNED PROM ) ( AGO CARRIE . BEEN SITTING V. nf STTSA TIME IT J C- I AN' HID' J' Hi A&Sw HER WAUC, 7V - HERE ALU M S3WUZ- 7 f fltV yLf i A II MICKEY MOUSE Mad for Each Other By WALT DISNEY IVil lfAn?H.. ? iLri tMOKlN' J-l I Hei 'PEAKS Jt-7lK 2l MANO IT TO lTIS USELESS trjr I .fcNB. & Tcj ra.Mv.TOM MT?&ggiwM HE, TNrjf; ilrrr'Thl v vy 1 If Tr f PuTfihi T 4 InsrST tT YUM i i -vrjrr ..-jArt n: I vrrry vrrrr rij i -4- i2s?. 1 W JUtt,- I X - I i? -1 VVCJ P , - )ct4 ?rI''K7 7 I .v- V -f. . t'' ; . : mm iiiisimmmmmaj ! NOW YER V UOLL UKU TOP M0NEYJ TOO! n Tt n T nioi-n rti : r ci iru tri arrcsvi ncri ape . rrz i Mrrrr A Dl F,ilOB TO RP ' WHfPEP BY A UbNTLbMAN WM X HONEST? .SAV. H T 11 " BABE. TVUHftl AU. RIGHT' I J I Ga ALDNST I . i: UTILE ANNIE BOONEY Sabotage in the Hatching Br BRANDON WALSH JOW, VOU V4V4T TO DRIVE THE HOMEfTrr-CERS awtySOMXi CAN HVE TXJAAAAIES OUMP I AND G.B-THrZIR LANO- weil.T3-.uk wont do rr- m ftueow what in the crry whex some wise guy WOMT USTEM TO REASON.THC AAOBSV HAVEA-4JRE-FTRE. REAAEOV armc J J I r ... w TrJa- l ACCIDENTS 1 l tit -. K. W-W rt, ,rfS- fZAHACaDENX9Y 1 KNOW WHAT VCO AfTTEIStAN WELLS I MEAN-BUTDOrtXI GU-T Blr4 I THINK IT WOULD HOUSeS BURN Tf- OUT HERE DOWN HEADS 1 1 WHEN R3LK5GET-RtLTO GET W30KEI J 1 OP- THEY USE HAWG- ROPES . Get. ! AINT IT SWEIL. ? THE WHOLE DESERT 15 GETTIN COVERED WITH ARTESIAN WELLS AN GARDENS - AM PRETTY SOOM THE POOR FOLKS -THAT AAR HAPPY HELPED WONT BE POOR NO MOKE -mS UXISTLX A FAIRYTALE, r .rr- TOOTS AND CASPER Tfls Honor" ior a Day By JIMMY MURPHY CAER,THE WAV 4 THING'S TUP NED OUT. Ir VOU HADN--T BEATEN MS FOR MAYOR TO NOW BE THE LAUXiHIN-r -STOCK OPTHB - i iURB;i RBSllVfMED AS MAYOR! I I CASPER, VOU POOEPf WITH A I THHtRIS ONNA TURN PRA'RI WERE MAYOR M TOWN WHERE V Junction into a -tIant law.? , , i! for a day, A people have to VAND 1 DIDN'T Ao INTO PUBUC L : S TRJ!1 "S1R OFPICB TO ,rr-p nonMAJttn - J? WA5 THB , 1 AUTOS POR . . COME BACK TO' WORK FD MS, CASPER, AND I LA. ALWAVS I BE PROUD TO . 5AT fVE. AN J , EX-Mayor ot4 - MY PAY-ROl-L,. POLITICALLY THE JOKE'S tf cm Mrs. rut wevc AiA- J - HAD A 600D LAU-iH, AND A bOOD LALUUH NEVER HURT ANYONE. :. y,. '- THIMBLE THEATRE Starring Popy rDxUk to M. Only With Thin Eyes" MY CORSH, , - ( WE MEET ( WE-TPEA. I NfM ) . - . - V-fAjN. : f VGLAD TO EE - J T ...TV V L.TTTL J Cr ra.rnrajHMii fc . ti hmi-I t POUM OUT PROM V EUCsENE YA WAfi 1 tONIE PROM HOME, j V- WEPEA -VA y . XJLXSfTA LET U NOT BE TOO HARAH WTTH THE TCrWS-Wy. POPEYE. PROPO-E A TOAST TO A HAPPV REUMtOKt SI AND IN HONOR. OP OUR LITTLE PRCND s.Hm n r Mavn rr - w - w -w- - - wa 1 Jf A MILK TOAT7x 1 V i ( ( TR.ICXY A VJ I LTTTWE J CvAFEUjCw LAM i Correct Hng . II ! ( , ; Pcstel Color. . VUoOvlJ c.r ! 7c-:ri7 Lcszilcn 173 C. Ll-CiIj - C2 EI::!: C:i!i czd Zlcrcrs ElrccI Frcn CH L::-I:: 5 V