TSi OREGON STATESMAN. Salem. Oregon. Saturday Monfi August 21. 1S43
Profit Taking
Lowers Wheat
Weakness of Securities,
. Upping Crop Estimate
. Are Factor
CHICAGO, Aug. " 23-VPy-Gjln
traders who had modest I pro1! its
as a result of a -4 -cent wheat
price advance since the 1940
lows were established a week
ago, took advantage; of the p-
portnnity today and their selling,
plus some liquidation of Septem
ber contracts, "caused prices to
fall more than a cent.
; Weakness of securities and aa
upward trend revision of a pri
vate Canadian wheat crop estlj
mate lenconrage profit takers.
Some hedging also was la evi
dence but this was on a small
scale Inasmuch, as trade reports
indicated large quantities of the
.sew crop are being held off the
market temporarily due In part
.to the government loan program.
Minneapolis reports were that out
of 692 cars, received there 8 5 to
- 60 per cent went Into storage.
September contracts, which be
come deliverable in about a week.
led the decline, showing a loss of
as much as 1 cents at one time.
Closing prices were lower
than yesterday, September 88
December 71-.
Some mill buying was in evi
dence on the wheat price break
but lifting of hedges by elevators
against wheat sales or placing of
hedges on purchases were on a
mall scale. In tome cases mill
ing operations to secure . grain
requirements may be directed to
investment in futures, traders
said, inasmuch as they represent
the cheapest wheat available at
present. s .
, 1 , Storijog of new wlveat has maln
ialoed good premiums , for - cash
grain over futures. This also stim
ulates acceptances of loans and
encourages the holding attitude
on the part of ineligible produc
ers, traders said. I
The estimate of the Winnipeg
market news placed wheat pro
duction in the three prairie pro
vinces at 498,000,000 bushels
compared with 467,000.000 last
season. Local statisticians said
that on this basis the total Cana
dian crop may reach 625,000,000
bushels, second largest on record.
Stocks and
Bonds
August 23 f
Compiled by The Associated Pfets
BOND AVERAGES
Cuban Gourds Provide Fun for Trainees
!'-
4-
,
7
RA TT LINCCOODTIM E tuek la New York after a 18-day training eraise that took them
to Goantanamo, U. 8. naval bate en the Windward Passage Up of Caba, these V-7 naval reserves try
oat sound effects with their wi arses s, er Cabas jreards. Left ts right: George A. Hayes, K. T4 Prank
Mabley, Detroit; Lucius Kentfleld. H. MUf ord Levtn, N. Y. This V-7 rreua comprises college
graduates sad andergrads whs hope to become naval officers.
20 10 10 10
Rails Indus Util Forfn
Ket clung D .4 Unch A .1 DA
Fridsr 82 3
PreTious ay 56.6 10S.4 86.7 43.1
Moth f o 56.1 102.8 6 4 ST.5
Ytu ago 54.5 98.6 85.8 55.5
1940 high 69.9 103.6 97.5 53.5
1040 low 48.8 98.9 90.8 S5.1
STOCK AVE RAGES
80 15 15 0
Indas Rails Util Stocks
Nat change D .7 I .3 D .2 D .5
Fridsr , 69.8 15.5 85.3 42.2
Previous day 60.0 15.8 35.5 42.7
Month ar 57.6 15.2 85.6 41.4
Year ago 65.6 17.1 87.5 46.3
1940 high 74.2 20.5 40.6 62.2
1040 low 62.3 13.0 80.9 87.0
Wool in Boston
BOSTON, Ang. 23 (AP) (CSDA)
There waa considerably more activity on
the Boston wool market today following
report! of large scale government orders
for wool needed for defense purposes.
This activity consisted mostly of in
quiries -from mill buyers and topmakers
he are anxious to determine the quan
tities wool available and the price , at
which siisble lots were being-told. Only
limited quantity of wools were sold,
bnt number of wool dealers reported
that bnycrs were asking for options.
Salem Market Quotations
(Baying Prices)
The prices be law sapplted by s toeai
grocer are indicative ef the daily market
prices paid to growers by Calem beyere
but are not guaranteed by The States-
HI
VSOBT AXLES
Fresh corn, sack
Beans, gieen
Cabbage, ib.
Carrots, local, do.
Cauliflower, local .
Cucumbers, do.
Celery
Lettuce, local
Onion. 60 lbs.
Green onions, So.
Peppers, green "JL
.0 .
.03
.03
.25
1.15
.20
1.00
1.25
4.50
.25
.03
.09
1.50
.60
Ji
.40
.04
.80
.90
.80
.08
.80
.90
CHAIN. HAY AND SEEDS
Wheat, No 1. rerleaned. bu. .70
Oats, No. 1J 18.00 to 20.00
Peppers, red
New Potatoes. 100 lbs. No. 1-
50 lbs. Ko. 2
Radishes
Squash, Crookneek, dpi -,
Squash, Zucchini, lb.
Squash, Danish, doz.
Spinach, Seattle, box
Tomatoes, lag
Peas, local, lb....
Beets, dos. . . .,
Spear Melons
19.00 to 20.00
8.00
Feed barley ton
Clover I ay. ton -
Alfalfa hay, ton 10.00 to 12.00
Egg mash. No. 1 grade, 80 lb bag 1.80
Dairy feed, 80 Ib bag 1.86
Hen scratch feed 1.90
Cracked corn :. 1.85
EGGS AND POULTRY
(Buying Prlcba of Andersen's)
Grade A large, doi
Grade A medium, doi..
Grade B large, dox.
Pullets -
Colored hens ,
Colored frya
White Leghorn. heavy-
White Leghorn frya
.23
.21
.20
.11
.13
.17
.09
.18
Batterfat, No. 1, 88 He J
No. 2, 27 He; p rem tarn,
Hc
A grade print 82eHi B
grade 81 H ; quarters S3 He
White Leghorns, light
Old Koostera
.88
.06
Heavy bens. lb. . . .11
Bnylag. Prices ef Marion Creamery)
6rakfe A.Trgejdoi. .. ,. .28
Grade A medium, doi. .21
Grade B Urge, dos.
Checks, undergrade
Large dirty
Pullets, dos. . ,
Leghorn hens
Leghorn fryers, 1 lbs..
Colored fryers 1-8 lba.
Colored fryers, 3 lbs. and up-
Colored bens - 1 1
HOPS
(Baying Prlcea)
JO
JS
.17
.11
.09
as
as
.15
ai
80 t
.40
1939
1940 contracts, Ib
LIVESTOCK
(Buying prlcea for No. 1 stock, based an
conditions aad sales reported ap to 4 p.m.)
1940 siring lambs 7.00 to 7.25
Yearling lamba 6.00
Ewes 1.00 to S.60
Hog, top, 160-220 lbs. S.85
Sows 4.50 to 3.00
Beef cows 5 00 to 6.50
Bulls . 6.25 to .75
Heifers
Dairy type cowa
Live veal
Dreeaed vest, lb.
6.00 to 6 50
8.75 to 4.26
10.00
.14
WOOX. AKD KOHAIB
(Baying Prices)
Wool, me'lium, lb. .
Coarse, lb.
Lambs, lb , ,.
Mohair
.83
.32
.26
JO
Quotations at Portland
PORTLAND, Ore, Aug. 23 (AP)
Produce exchange Butter: extras 29H;
standards 29 r prime firsts 28; firsts 20.
Butterfat 80-30 Vi-
Eggs: Large extras 25; standards
31; medium extras 28; standards 19;
small extras 14.
Cheese: Triplets 15 ; loaf 16.
Portland Grain
PORTLAND, Ore., Aug. 23 (AP)
Wheat: Open' High Low Close
September 70 70 70 70
Cash Grain: Oats, No 2, 38 lb. white,
2X50. Barley, No. 2, 45-lb. BW, 20.50.
Corn, No. 2, ET shipments, 81.00. No. 1
flax 1.45. ,
Cash Wheat (Bid) : Soft white 72 ;
western white 72; western red 71H.
Hard red winter: ordinary 70 ; 11 per
sent 71; 12 -per cent 72 ; 13 per cent
73; 14 per cent 74. Hard white
Baart: 12 per eent 77; 18 per cent 79;
14 per eent 81.
Today's Car Receipts: Wheat 83; bar
ley 1; flour 13; oats 1; millfeed 2.
Cross Word Puzzle
12
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10
22
21
32
37
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23
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3
2W
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37
20
33
35
16
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25
30
3
50
21
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17
21
36
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HI
26 27 2SI
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31
.1
Portland Produce
PORTLAND, Ore.. Aug. 23 (AP)
Country meats Selling price to retail
era: Country killed hogs best butchers,
125-150 lbs. 8-lOc; vealers fancy 13.
lSe lb; light-thin. ll-18e, heavy 19
11c; lambs, spring, 10-lSc; ewes, -7e;
good cutter cows, 9-10e lb.; eaaner
cows, 8-9e lb ; bulls, 10-llc lb.
Live poaltry Buying prices; Ho. 1
grade Leghorn broilers. l-2 lbs., 14e;
fibers under 8 lbs, 15e; fryers 24 to
lbs.. 17c; roasters ovct 4 lbs., 18e; Leg
horn hens ever 8 lbs- 11c; Leghorn
hens under 8 lbs., 9e; colored hens
over 6 lbs., 13e; colored bens 1 to
5 lbs., 13c; old roosters 6c.
Dressed turkeys Nominal. Old erop
selling prices: hens No. 1, 16c ; toias
12-14e: new erop 23e lb.
Onions Oregon crystal wai 2.73 per
50-lb. bag; Oregon Daavers 1.00-1.19;
Yaktmaa 1.00.
Potatoes Eastern Oregon- Washington,
1 4O-1.50 cwt.
Hay Selling price to retailers: Alfal
fa No. 1, 14.00-14.50 ton; oat vetch 10.00
ton; clover 11.00 ton; Timothy eaatam
Oregon 17 00-18.00 ton; valley Timotiy
14.00 ton Portland.
Wool 1940 eastern Oregon range, 10
24e; crossbred1 27-2 8c; Willamette val
ley 12 months 83c lb.
Mohair 1940. 12 months 35s lb.
Caseara 1940 Teel 6 lb.
Hope Oregon 1939, 40-41e lb. 1940
contracts 80e lb.; 1940 seedless S7-40e,
nominal
Dometlle floor selling trice, city de
livery 1 to 25-bbl. lots: Family patents.
49s. 5.70-6 SO: bakers' bard wheat, net
4 40-5.85: bakers' bluestein. 4.75-6.05
blended wheat flour. 4.90-5.10; soft
wheat. 4:80-4.85; graham 4. a, 4.50; whole
wheat 40s 4.55 bbU
Portland Livestock
HORIZONTAL
1 Spanish
hall
6 S-fihapd
worm
ft metallic
cinder
12 legal claim
J J flying
mammal
14 timid
rodent
It pertaining:
to study of
insects .
15 clumsy and
stiff
Id flickers
20 neater
pronoun
21 engage in
22 fish sauce
25 shrinking
in fear -2d
the turmeric
SO Tibetan
'.monks
Zl fish eggs
J2 city in
Burma '
24 enrre rider
. S paradise -3
note cf ' "
tin scale
87 eotrardly '
413 MiKriean -tljmket
44 newly
fixed over
46 one
47 one-spot
card
48 Italian coin
49 fashion
60 ribbed fabric
81 frail
VERTICAL
1 killed
2 aborigine
of Japan .
5 mother of
Apollo
4 pertaining
to positjTe
, electrical
terminal ;
I black j
6 salt f
7 one who
bides on a
ship
8 tremble .
8 openwork
- fabric :
Answer to yesterday's pntile.
BlAjHeFARfcfjSTrOiVV
H ARNE Sic ANOE
illNOSgEit TSAP
LAV EWS U L GlA RA
PiAlN I WYXi jA L
atsmi Usee of aebrtassu 81-
10 sandarae
tree
11 jelly-like
' materials
16 joined
17 estimates
21 female
person
22 limb
23 meadow
24 bring forth
young
25 schedule
26 anger
27 incline
the bead
28 teamster's
command
80 hardened
S3 apply
34 sings
S Hawaiian
wreath
27 morsel
88 city in
NeradA :
29 eour
40 ace
41 Indigo
shrnb
42 Persian .
fairy
43 Dutch
- cheese
43 frozen water
PORTLAND.
(USD A) Hogs
market steady.
Barrows aad gilts,
140-163 lbs
do ffd-eh,
do fd-eh,
do gd-ch,
do ad-eh,
do rd eh,
do gd-eb.
reeder pigs.
Ore.. Aug. S3 (AP)
Salable 60, total 300;
gd-eh.
6.00
6.76 a
7.004
6.85
6.50(9
6.85
6.15
7.00
111
7.S5
7.18
T.00
6.75
6.60
160-180 lbs.
180-220 lbi
200-220 lba
220-240 lbs
240 770 lbs
370-300 lbs
. a-oo4Uehoiee.
70-120 lbs ; S.000 0.(0
Cattle Salable 85. total 60; eales.
salable 10. total 25: market steady.
Stem, good, 900-1100 lbs-8 B. 90O10.00
do medium, 75O1100 lbs
750-1100 lbs
750-000 lbs..
500-800 Ibe
600-800 lbs.
do common,
Heifers, good,
do medium,
do common.
Cowa. good, all weights.
do medium, all welghts.
do eat-eom, all weights
do eanner, all weights..
Bulls (yearlings excluded,
beef, good, all weig fate
do sausage, good, all wta
do aao.se.ge, med, all wt
do sausage, et-em. all wts
Vealers, gd-eh, all wta ..
do eom-med, all weights,
do cull, all weights
7.7 5 ft?
6.50'
8.250
8.50
S.25
5 75(
4.751
4.00 (
3.35 (
8.60
7.75
S.50
8.35
6.60
6.80
6.75
4 75
4.00
T.O06?
6.75i
6.25 O
8.00(9
9.50 0 10.60
7.00 9.60
5.50 6.50
T.5
T.00
6.73
6 85
Sheen: Salable 1250. total 25: steady
Spring lambs, good-ehoiee 9 7.75ft 8.23
do medium and good 7.25 1 7 60
do oommoa ; , ,,- 6.25 ti 7.60
Xwea (ahora), goed thoiee 8.00 8 60
4 common mai mediam 1.25 Q 8.00
jf jj) Seller
m Ay
Q? Leaner?
w .-ww
WBza OTHEIS rsILI aae eirr
Chinese) rrmediea. Amaaiag BOO
CESS for 6000 years in CHINA.
Ko matter with what ailment yea
aro AFTLICTED disorders, ai
BasltSa, heart, lnags. liver, kidney,
stomach, ni, aeastipatios. aloora.
diabous, fever, aJUa, female
laJata ;
Ctiyrlis Cfci'n
CSilaese Herb Co.
& B. Foag. Off! eo '
a 1 a aaa V
aiaant fSnndar and 1
rreoaesoay, is is jf
2
Prune Purchases
Made at $25.Ton
Considerable buying of pranes
for drying ia reported at $25 a
ton In Talley orchards, with some
Ten higher prices being quoted.
Last year $12 a ton was the top
price.
First deliveries of prunes for
canning started this week, but
no real Tolume will be received
before the middle of next week,
local cannerymeq report.
Allhough It is agreed that the
pack this year will be the smallest
since prunes became a major crop
Leading Stocks
Take Tumble
s , -
Trend Lower for . First
Time This "Week;
Transfers Low,
NEW YORK. Aug. 234
Leadlng stocks stumbled In to
day's market for the first time
this . week. : .
The trend waa lower from the
start J but the Tolume dwindled
after the first hour. Occasional
recovery shirts met with faint
response and prices generally
closed around the lows of the
day at declines of 1 to 2 points.
Steels, motors, ' aircraft and
specialties we're the- principal
sufferers. At that, there was a
smattering - of plus signs at the
finish. -.. ' ,
The Associated ' Press overage
of SO Issues was off .8 of a point
at 42.2 after fire successive ad
vances. Transfers amounted ' to
24,460 shares compared with
442,180 the day before.
The cashing In of profits by
speculative forces, brokers said,
waa natural In Yiew of the leng
thy upturn. The fact activity less
ened on the setback was Inter
preted as constructive.
Aside from 'pessimism . over
congressional delay In mapping a
national tax program and set
tling disputed excess profits pro
posals, business. Items remained
fairly comforting to. financial
quarters.
On the cheerful side was a
further upturn In this week's re
tall spending, an expansion In
output of new automobiles with
manufacturers preparing to take
on a large side line of armament
construction. and brightening
prospects for airplane makers
and the railways.
in this district, eanners; dq not
agree on (estimates of the size.
Last year'a pack was one of the
largest known here.
Closing Quotations'
NEW TOItK, Aug.
Al Chem DyelS3U
American. Can .. f &H
Allis-Chalmers . 22
Am Car A Fdy 23
Am Rad Std San C K,
Am Roll Mills 10
Am Smelt 4V Ref tt
Am Tel & Tel 111
Am Tobacco B
Aviation Corp .
Am Water Wks
Am Zinc LtS.
Anaconda
Armour 111 .
Atchison H i .
Bald Loco ,
Bendlx Arlatlon
Beth Steel ...;,
Boeing Airplane
Borden
Borge Warner
Calif Pack
Callahan Z-L
Calumet Hee
Canada Dry L.
Canadian Pacific
Caterpil Tractor
C el ansae --.;
Ches dt Ohio
Chrysler
Col. Gas A Elec
Coml Solrenta -Comwlth
V Soa
Consol. Aircraft.
Consol Edison
Consol Oil .
Contl Can - " , , .
Corn Products
Crown Zellerbh.
Curtlas Wright
7H
44
tH
-H
20U
4H
15
14
2t
1$
11
1
lt
14
1
I
14K
-
424
274
284
UH
S
H
1
21
27
ttt
27
4t
14
7tf
2S-i5:V-Today,s closing e,uotatlona:
Douglas Aircraft 8- Penna RR
Da Pont ' ism Phelps Dodg .
Eastman Kodak 128 Phillips Petrol -El
Power A L 5 Proctor dV Gamo
General Electric 32 Pub Service NJ-
General -Foods - 41 Pullman .
General llotors. 48 Radio
Goodrich 11 Rayonler
Goodyear Tire - 14 Rayonler Pfd
Great Northern- 22 Republic Steel
Greyhound 11, , Richfield OU
Illinois Central- "1 Safeway Stores-
Imp Copper , 8 " Sears Roebuck -
Int Harvester 44 SheU Union
Int Nick Can 27 Socony Vacuum
Int Pap dk Pulp. 87 Soa Cal Edison.
lat Tel A Tel . 2 Southern Pacific
Johns Manriiie. S' Standard Brands
Kennecott 28 Stand Oil Calif.
Libbey-O-Ford - 38!i Standard Oil In
Lockheed
Loew'a ,
Long-Bell A -
Monty Ward
Nash Kelrlnator
NaUonal Biscuit 12
NaU Dairy Prod 13
28 Standard Oil NJ
24 Stone Webster -2
Studebaker
32 Sunshine Mining
4 Texas Corp
Trans-Amenea -Union
Carbide
Natl rnt 3Q Union Pacific
National Lead-. 18 United Airlines.
NT Central 11 United Aircraft.
N Am Aviation. 18 - United Corp
North Am Co 13 United Drug
Northern Pacific 8 United Fruit
Ohio OU , 8 US Rubber
Pae Amer Fish. 8 US Steel'
Pac Gas ft Elee. 28 Vanadium ...
Packard Motor. 2 Warner Plct
Pan-Am Airways 13 Western Union.'
Parana Westtagh Elee
J C Penney 81 Woolworth .
19S
23
32
81
24
19
4
18
27
18
.3
43
77
8
8
28
7
8
174
24
34
7
7
8
25
4
70
ss
18
28
1
4
81
IS
21
30
2
17
88
22
Grows Big Cucumbers
WEST SALEM Harry Phillips
of West Salem planted some en
cumbers last spring. They grew
and grew and grew until they
were veritable giants of the en
cumber family. He brought two
samples Into the Statesman office
yesterday, saying that It took only
two, j similar fzf encumbers to
weigh four pounds and fire
ounces.
Labor, Weather
Favor Hop Picking
PORTLAND, Aug. 23-rT-Har-rest
of early clutters was speeded
la Oregon hopyards this week by
favorable weather and ample la
bor, the agricultural marketing
service, said .today.
' Ttb tonality of new ei-op f ugfcles
and early clusters Is "generally
good." the service said, with spl-
Wool Advanced
By Army Buying
BOSTON, Aug. 2S-)-T.
Commercial Bulletin will say to
morrow: . :' '
The.wooI trade came smartly
up on its toes Thursday, with
tht announcement from Philadel
phia that the army would opea
bids ea September 3rd for aa ad
ditional 7,840,000 yards of army
overcoatings, serges and flannel.
Prices Immediately were advanc
ed la many shops as sales were
effected at 2 to S cents, clean
basis, abors last week hut chiefly
on wools that might be termed
specialties, The market, however,
la generally stronger and hopeful
that civilian business may now
Improve. .... "J .
"Western operations hare heen
few and far between this week
with prices hardly changed aa
compared. with n week ago. Grow
ers aware of the government or
ders, howerer, are . rery firm is
their asking prices.
"Foreign offerings have been
drying ap latterly with prices oa
some descriptions somewhat firm
er. The trade is awaiting develop
ments on the Australiaa storage
plan for 2 SO million pounds and
the' suggested trade agreement
with Argentina,
"Mohair Is slow here. Efforts
to . buy the first shearings of the
new fall clip at 45 and 85 eenta
haave not been productive of
much business.
der damage occurring oaly la
scattered sections. . "
Demand from all classes ef
buyers was slow and the market
remained Inactive. Trade advices
indicated nominal values around
30 cents a pound, net to growers,
for; regular type seeded clusters
from the new cropi Yields la
yards picked are It line with pre
rious estimates.
POLLY AND HER PALS
II She Could Only Cook!
By CUFF STERRET
VUA.L. I SUTT1NLV f jr7. foo TELL 'SI aQ 0 n Jr
jj
MICXXY MOUSE
An Ear for Music
By WALT DISNEY
Tic EAGLE
TJCATREOXTIsr
CASHES ON, '
AJO MICKEY
rs snu. w .
TKERUNHlHOf
LTTTLE ANNIE ROOIIEY
And Ifs a Small World, After AM
ty BRANDON WALSH
YOU KNOW, ZCHO-TrC COUMTW r
SWELL- Evrjyue. tocato vc
GRUkKsO AM I1A HMAhT LOTS A. WJJt
BUTIKNDAGOT
I KsTEP'TMMslKiN' bOUTAWMAPPAC
DAD BLAAAIT-. UVW BACK 4 HALLE"
i iA,aVAYaUITIsJALJ-'ryaC BADMEH
WHO ARC fl-OOT1M'AM' OO'M'AACAKI
"TMATTJ VNWAAHl HAPPV TOUD
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mouse: where woeooy
riNO AAE ajsT THaT BAD AAEKI CANT
KSXTCM JsJK AM'HOlOME UNTU.AAR.
HAPPy PVaVS'EAA LOTSA SXAMSO
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n1r'1 I - - - A l i I
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MCI? OWNSELTAU.THE -TWVE"
t fiUESSTHOH WMT I
GOT THg WW VXAAAg
Cj Ca" , i
TOOTS AND CASPEB
The Colonel's up a Tree
By tlMMY MURPHT
" SO LON6r ,T0OTS! rTTl I'M NOT RCOOCJNi, FAST 1 THATLL JUST f VATCH JW ShfenSS?
SOPH1B IS "TAWING MS Iff sfNOUlsM TO PIT aSTO JTHOSC ABOUT KILL. Mc! If tbUR VLa-5i?aSS( 7S?uLu
P OP TO HEP BROTMERS 1 WHS.SO SOPHIPS WHY, I'VE LOST Q CALORIES BJSZSFOR ) .orf-riP
HOMtS STEAD "JftUt MS TO HglP HER BROTHER TWENTY POUNDS 4 WHILE H,S , ffJiZFT
-,r nPn iil CLEAR FIPTV ACRES OR OUST FROM TOObE AWA CASPER! f UStn TO EAT
" j
THIMBLE THHATRL Slorrtag Popwr . Ask Dad. Ho Kncmal , f . y
f NOW I KNOW POPEYETl I OTHERWISE. I WOld1 Y WHV tXDWT I I 1 PoOPDeCK, rWE NOU VZ " ( BESUES, t DOM KNOWED HE )
fS IN TROUBLE 1 CAM J HAVE HEARD FROM OP THAT BEFORE ? HEARD FROM NOUR, SON, CANT V-i WAS AWAY r S ;
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