The Oregon statesman. (Salem, Or.) 1916-1980, December 29, 1940, Page 12, Image 12

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Vlieat Takes
One Gent Rise
x- Best Level in Three Weeks
Is Reached; Total Under
Loan Exceeds 1939
CHICAGO. Dec. 28-tiPV-Wheat
prices rose a cent or more a bush
el today to the best level In about
three weeks on 'the' support ot
buying stimulated by strength of
securities and demand attributed
to consuming Interests.
' This extended the net gain for
the wees: to almost 3 cents.
The close was 74-14 higher than
yesterday, with May 87-86.
No material increase tn flour
business could be confirmed but
brokers expressed belief consum
ing Interests may have .partici
pated with: Investors in the buy
in either to lift hedxea or afford
protection against prospective re
quirements.. Tney assumed. iur
ther flour export business may be
pending in' view of recent Latin
. American, orient and West Indies
activity as well as Red Cross ne
gotiations. Wheat collateral is piling up
under loans at the rate of about
200,000 'bushels daily according
to latest figures, but there may
be a spurt before the deadline
Tuesday, traders said. The total
under loan as of December 24
was 268,579,378 bushels com
pared with 166,000,000 a year
ago.
' Spot wheat prices were to 1
cent higher and the premium
quoted t o r actual grain was
sharply higher than the May
price, as evidenced by the fact
that a car of No. 1 hard sold at
92 cents.
Polk Phosphate
Available now
DALLAS Superphosphate is
available for Polk county farm
ers at the offices of County Agent
W. C. ,Leth. Several carloads of
the phosphate have been received
and those anticipating using it
should secure the matefial as soon
as possible, Leth reports.
Any farmer wishing to secure
the material may do so imme
diately. The cost, which is $20
per ton, will be deducted from
the 1941 soil conservation pay
ments and will not be taken from
payments being made at this time
for the 1940 program.
There will be a cash handling
charge of SO cents to )1 per ton
depending upon whether the ma
terial, is taken off the car or
whether it is taken from the ware
house after unloading, Leth
states.
Alhaxry Townsends
Elect1 Stilwell rv
ALBANY J. Fred Stilwell will
again 'lead the Albany Townsend
club No. 1, ac president, having
been elected Thursday night to
the office which he has held for
three years.
Council members elected are
Clarence Ingram, Mrs. O. A.
Schmidt, Mrs. O. Ames, Mrs.
Chorla Muller, Mrs. Ruth New
man, Mrs. Clarence Ingram, Miss
Neva Wise, Elmer Goff, R. J. New
man, J. Harvey and O. A. Schmidt.
Ontario Woman Is
West Salem Visitor
WEST SALEM Mrs. Alta Oil
Ham, of Ontario, Oregon, is visit
ing at the home of her daughter,
Mrs. Dale Lemmon, on Plaza
street.
Mrs. Gilliam, Mr. and Mrs. Dale
Lemmon, daughters, Betty Ann
and Lauretta Mae, and son, Rob
ert, made a trip to Tillamook
Christmas day to visit friends and
relatives.
Ag Professor Reports Findings on
Soil Microbes Monopoly Theory
By RENNIE TAYLOR
DAVIS, Calif., Dec. 28. (AP) Contrary to a widely
accepted theory, soil microbes do not have a monopoly on the
business of converting: vegetable and animal substances into
nitrogen for plsnt food. Dr. J. P.
Conrad, of the University of Cal
ifornia college of agriculture, re
ported today.
Dr. Conrad made his findings
by killing the bacteria in certain
soil samples and then adding
urea, an animal waste product, to
them. The area was changed into
ammonium carbonate. Urea It
self is useless to plants, bnt they
can obtain nitrogen from amnion-
WANTED
WALNUTS, FILBERTS
and NUT MEATS
Cash on Delivery
II. ELOBFEIII
- Packing? Company
460 N. Front Ph. 7633
UNEFORM moniLIy papaeaut
renewal expense bo Increase la
interest tat. A Prndential 20-Ycar
- liartgsga is ton sae way tn finance
yonr borne. ArailaUa ia selected
sections . . . FDAtnandnj ptionat,
lUWXrjfl as BOBEXTa, Ins.
AothorlMw Mortfai Loaa Bo licit
(ac Xfce PradaarUal lasaxsaee Caw
Saianv Orasoa
Hit I
'Strictly "Private'
r m ri
n ii j
iyl 7 I EL" fmmmJ. .
iV . If I
I( win
L OvlcJL. iCLCl- "to
Quotations
POUTLAXD. Or.. Dee. 28. (AP)
Product iirbint: Butter Extra 33 He;
standards 33c; prim firsts 32 e; first
31e. '
Butterfat First quality, maximum .36
if 1 per cent acidity, delivered Portland,
32H-33r lb.; premium quality (maximum
of .'33 of 1 percent acidity), 33V4-34c lb.;
valley routes and country point 2 less,
or He; second quality 2c under first,
or 30-31c lb.
Efgs Portland Produc F.xchanre
Buying prices: Largo extras 24c; larf
standard, 22c; medium extras 23c; me
dium standards. 22c; small extras, 21c;
mall sta-idards 17c.
Cbees Selllnf prle to Portland r
tailerj: Tillamook triplets 18'.-e Jb.; loaf
17 He Triplet to holesaler lc lb.;
loaf. 20e lb., f.o.b. Tillamook.
Portland Produce
PORTLAND, Ore., Dec. 28. ( AP)
Country meats Selling price to retailer.
Country killed hog, best butchers, 125
140 lbs., ',:; vealers, fancy 14 14He;
light-thin, 1013c; heavy. 9-llc; lambs,
spring, 14-lSe; ernes, 5-8c; good cut
ter cow:, 8-10c; canner cwws, 6t-9e;
bulls, 10 ',4 -lie.
LiT p ultry Baying price: No. 1
grade Leghorn broilers, 1',4-J lbs., 14c;
fryer under 3 lbs.. 14c; fryars, 2 to
4 lbs. 14e; roasters over 4 lbs., 15c;
Leghorn hens over S lbs., 12c; Leghorn
ken nnder 8 '4 lbs., 10c: colored hens
over 5 lbs., 15e; colored hens, 4 to 5
lb.. I5e. Old rooster fie lb.
Dressed tnrkeys Baying prices: New
crop hens ISc; torn, 14e lb.
Dressed turkey Kominal 1 1 1 a g
price: liens 20c; torn 16-16lic.
Onions Oregon Danveri, 1.1)01.10;
Takiinav 0c.
Potatoes Dese hates. No. 1, 1.10-1 IS;
Yakima, 1.00-1 03 cwt. ; Klamath 1.15
120 cental.
Hay Selling price to retailer: Alfal
fa No 1. 14.25 ton; oat-vetch 10.00 ton;
clover 10.00 ton; Timothy, eastern Ore
gon 17.00 ton; valley Timothy 14.00
15.00 ton. Portland.
Wool 1940 ectra Oregon rang S0
S3; crossbred, 34-SSe; Willamette valley
13 months. 84-35.
Domestic flour -SeHlng price, city de
livery, 1 -85 bbL loU: Family patents,
49s, . 00-6 80; bakara' hard wheat net
4.00-5.70; bakers bluestem 5:20-5.50;
Mended hard wheat flour 5.50-5. 60; soft
wheat 4.70-4.75; graham 49a, 4.90; whole
wheat 49s, 4.45 bbl.
Mohair 1940, 12 month gOe lb.
Cascara 1940 peel 8c lb.
Hops Oregon 1940, seedless. 30s lb.;
seed. 22 25e lb.
Portland Grain
PORTLAND, Ore.. Dec. 2. (AP)
Wheat: Open High Low Close
May
is 4
76
Cash Urain: Onts. No. 2. 3i-lb. white.
24.50. Barlev. No. 2. 45 lb. BW, 24.50.
Corn, Xo. 2, KV nhipment, 29. 2j. No. 1
flax 161
Cash Uhrat (Bid): Soft wheat 76;
westeri white 76; white club 77; west
ern rel 77. Hard red winter: ordinary
764; 11 rent 80; 12 per rent 83;
13 per tnt 85; 14 per cent 87. Hard
white-Biart: 12 per cent 62 4 ; 13 per
cent 84 V.
Todsy's Car Receipts: Wheat 16; flour
10; com 5; oals 1.
Portland Livestock
PORTLAND. Ore.. Dec. 28 (AP)
(CSDA) Hogs: for week. a!able 2185;
ium carbonate.
He concluded that the conver
sion was brought about by an en
zyme or a catalyst. An enzyme is
a chemical substance secreted by
a living organism and is capable
of breaking down chemical com
pounds. Catalysts are potent, in
animate chemicals which cause
profound changes in other chemi
cal compounds but are not them
selves altered in the process.
Soil experts long have accepted
the idea that bacteria alone were
responsible for converting nitro
gen bearing compounds into forms
suitable for plant food.
In view of his findings. Dr.
Conrad suggested that since crop
growth may be dependent upon
the rate at which nutrients in the
soil are made available to the
plants, a study should be made to
determine whether other " steps In
the nutrition process not attribu
ted to bacteria might be accom
plished by enzymes or catalysts.
Dr. Conrad's wnrk is a part of
an extensive college of agricul
ture program designed to work
out all the fundamentals of plant
nutrition with the' Idea of further
Improving farming methods.
i WANTED
; WALNUTS and
WALNUT. MEATS
Hcllay Farqnhar Co.
Front Jk Norway Stat, Salens
SPECIAL
Our CsaaJ Wave, Complete 75c
Perm. -Oil r
Push Wave Al ff
Completer. al.C J
Open Tbnrs. Eve.
by Appointment
Phone 8063
307 1st Nat'l. Bank Bldg.
CASTLE PEItM. . WAVES
By Quinn Hall
raw
VOBC SCO BALMCEl
AAAStSDfOKTDEa
OH
1 TW CMLV
-Iff
sat-
TJ. S. ARM
CAMP Ul
AJfUU UWIHU. lUArBtS
HLf
at Portland
compared ireck ago, market 85
75 hifbtr.
Barrows and r'". Rood t
choir 140-160 lbs f
do 160-180 lbs
do 180-200 lbs
do 200-220 lbs
do 220-240 lbs
do 240-270 lbs
6.25(9 6.85
6.75 T.50
7.25(g 7.50
. 6.75 7.50
6.60 7.25
6.50tf 7.00
6.35 6.75
do 270 300 lba
Feeder piss, ed-ch, 70-120..
5.50 6.00
Cattle tor week, salable
100; compared week afo,
1200; rslTfs
market 25-50
Higher.
Steers, food. 900-1100 lbs..$10.0010.25
do medium, 750-1100 lba 8.75 10.00
do common, 750-1100 lba ?.25 8.75
Heifers. Bred. 500-800 lbs 7.00W 8.75
do common, 500-800 lbs--6.00 7.00
Cows, g-ood. all wts 6.75 7.25
do I'ledium, all wts 5.50 6.75
do cut-corn, all wts 4.50(g) 5.50
do canner, all wts 3.75 4.50
Bolls (yearlings excluded)
beef, gcod, all wts 7.00 7.50
do sauage.( good, all wts 6.75(4 7.25
do medium, all wts 6. 2 5 iff 6.75
do cut com, all wts 5.00 6.25
Vealers. gd ch, all wts 9.50 10.00
do com-med, all wts - 6.50 9.50
do cull, all wts 4.50 6.50
Sheep: for week, aalable 525; compared
week Ago, fat lambs 5-25 higher.
Lambs, good and choice $ 8.00
do medium and good
do common
Ewes, good-choice
do common-medium -
7.50 6
6.50
4.00
2.00
Stocks and
Bonds
December 28
STOCK AVXBA6E8
Compiled by Th Associated Press
kg
0 8.50
$ 7.75
7.25
4.50
4.00
30 15 15 60
Indns Rails Vtil Stocks
Net chmge .. A .3 A .2 t'nch Uneh
Saturday 62.0 15.9 34.5 43.4
Previous day.. 61.7 15.7 34.5 48.2
Month ago .... 63.1 16.3 34.5 44.0
Year ago 73.0 19.8 39.7 51.2
1940 hih .... 74.2 20.5 40.6 52.2
1940 ow 52.3 13.0 30.9 37.0
BOND AVERAGES
20 10 10 10
Rails Indus Vtil Forgn
Xet 'hinge .. A .3 Unch A .2 I'nch
Saturday 60.4 105.2 !9 37.4
Previous day.. 60.1 105.2 99 7 37.4
Month ago .... 59.5 105.8 - 99.7 37.6
Year fgo 58.8 102.0 96.1 50.7
1940 hifch .... 61.3 105.9 100.7 53.5
1940 low 48 3 98.9 90.3 35.1
Salem Market Quotations
(Baring Prices)
Th prices below supplied by a local
grocer ar indicative of th daily market
pricea paid to growers by Ealem buyers
but ar not guaranteed by Tbe States
man: VEGETABLES
Brussel sprouts -
Cabbage, .b
1.00
.02
.30
.75
1.50
.90
.20
2.S0
1.10
.13
.25
1.50
1.20
.40
1.00
Carrots
Carrots, bulk, orange box
Celery, green
Celery hearts, doi.
Garlic, lb. .
Lettuce, 4's .
Unions, 50 lbs...
Onions, boiling, 10 lbs.
Onions, rreea. drv
Parsnips, bulk, ornag box
Potato i, 100 lbs., "o. 1
60 Jbs.. No. 2
Rutabagas, bulk, orange box
Turnips, dox.
40
Turnips, bulk, orange box 1.00
UHAXN. HAT AMD BEBDI
Wheat. No. 1, rchaned. bo .75
Oata. No. 1 21.00 to 22.00
Feed barley, ton 21.00 to 22.00
CloTer hay, ton 9.00
Alfalfa bay, ton 12 to 14.00
Egg mash. No. 1 grade, SO lb. bag 1.80
Dairy feed. SO-lb. bag 1.85
Hen scrtttch feed 1.90
Cracked corn . 2.00
EOGS ASD POOLTET
(Buying Prices of Anarescn's)
Grade A large, doi .22
Grade A medium, doz 19
Grade B Urge, dos .18
Colored hens .12
, Closing Quotations
NEW YORK, Dec. 28-(yP)-Today,s closing quotations:
Air Reduction.... 394
Alaska Juneau.. 4
Al Chem & Dye.. 162
A 11 is Chalmers.. 33
American Can ... SS1,
Am Car & Fdy.. 30
Am Rad Std San 6?i
Am Roll Mills.... 14
Am Smelt & Ref 4 34
Am Tel & Tel... 166
Am Tobacco B.. 71
Am Water Wks 6
Am Zinc L & S. 7 Vi
Anaconda 2 64
Armour 111 5
Atchison 17 Ti
Aviation Corp--- 4 4
Baldwin Loco 18
Bendix Aviation 33
Bethlehem Steel 85
Boeing Airplane 18 H
Borden 184
Borg Warner 19
Calif Packing 17
Callahan Z-L 14
Calumet Hec 6
Canada Dry 124
Canadian Pac 3
Cat Tractor . 49
Celanese 21
Chesa A Ohio-.. 43
Chrysler . 73
Col Oas V Elect" 4
Coml Solvent. 10 H
Comwth Son..
Consol Aircraft.. 26
Consolid Edison 224
Consolidated Oil 54
Continental Can 374
Corn Products 444
Crown Zellerbch 15
Curtlss Wright.. 9
Douglas Aircraft 74
Du Pon De
Eastman
El Pow & Light 3
General Electric 32
General Foods.. 38
General Motors.. 48
Goodrich .. 13
Goodyear Tire.. 18
Great Northern.. 26
Greyhound 11
Illinois Central.. 6
Insp Copper 124
Internatl Harv.. 50
Int Nickel Can .. 23
Int P & P Pfd.. 66
Int Tel & Tel.... 2
Johns Manville.. 58
Kennecott 36
Libbey-O-Ford .. 42
Lockheed 27
Loew's 31
Long43ell A 3
Monty Ward 37
Nash-Kelv 4
National Biscuit 164
Natl Dairy Prod 13
Natl Distillers.. 224
National Lead 17
NY Central 13
No American Av 16
No American Co 16
Northern Pac 6
Ohio OU 7
Otis Steel 9
Pac Amer Fish. 9
Pac Gas ft Elec.. 28
Pac Tel ft Tel.119
Packard Motor. 2
Pan Am Alrwys 15
Paramount Pic. 10
J C Penney 86
Penna RR , 22
Phelps Dodge 35
Fractions Gained
On Market Rally
Support Is From Traders
Who Shift to Buying .
Side; Issues Down
.NEW YORK, Dec. 28-)-But-Ing'
outweighed the year-end sell
ing in the stock market' t o d a y
and leading shares moved up
fractions to around two points in
continuation of the week's slow
rally.
The closing of accounts on the
old year and transactions for tax
purposes made an unusually brisk
and broad market for the nor
mally quiet weekend session.
Dealings totaled 892,100 shares,
the ' biggest Saturday volume
since Nov. 9.'
Support seemed to come main
ly from traders who had shifted
to the buying side in the belief
the bulk of the year-end liquida
tion had been completed and that
the market was due for at least
a moderate swingback from the
November-December decline.
Many Issues dragged at somewhat'-
lower levels but advances
predominated at the finish. The
Associated Press average price of
60 stocks ended ,2 higher at 43.4.
As in previous stages of the
year-end rally.'the market found
inspiration In an abundance of
cheerful business reports and
forecasts of more expansion in
factory activity next year.
. Closing about one to more than
two higher were Bethlehem,
American Can, Johns Manville,
Owens Illinois Glass, US Gypsum,
Sears Roebuck, Phelps Dodge,
and Sloes Sheffield. Up fractions
were US Steel, Great Northern,
Santa Fe, Douglas, Union Car
bide, Lockheed, American Smelt
ing and Westinghouse.
United Aircraft dropped more
than a point but most losses were
restricted to small fractions, as
in Chrysler, General Electric, Du
Pont and Standard Oil of New
Jersey.
Acreage Greater
For Oregon Grain
SEATTLE, Dec. 28-JP)-An all
time high in winter wheat plant
ing was reported for Washington
state today by the US depart
ment of agriculture marketing
service statistics division. Idaho
was the only Pacific northwest
state to show a drop.
The Washington estimate was
1,58 5,000 acres compared with
1,043,000 a year ago. The biggest
increase, spurred by favorable fall
seeding conditions, was In the
Big Bend region, but the seedings
also were up in the Palouse,
Snake River and Horse Heaven
areas.
Growing conditions were re
ported as 96 per cent of normal,
highest since 1927. The -report
said wheat grew so fast before
freezing weather set in that
"many fields had to be pastured
by livestock to prevent it from
Jointing."
The acreage reports for other
northwest states: Oregon, 691,
000 compared with 617,000 a year
ago; Idaho, 716,000 compared
with 731,000 a year ago; Mon
tana, 1,4 62,000 compared with
1,271,000.
Butterfat, Xo. 1, 32c; Xo.
2, 30c; premium 33c.
A grade print 34 He; B
grade 33 H ; quarters 33 H c.
Colored frys
Whit Leghorn, heaTy
Whit Leghorn frys
.IS
.09
.IS
.03
iry)
.22
.19
.17
.10
.IS
.13
.13
.11
,0S t
Old roosters
(Baying Prices f Marion Creai
Grade A lareg, dos
Grade A medium, dox ,
Grade B large, dox
Pullets, dox. .
Colored hens nnder 5 lbs.
Colored hens orer 3 lbs. .
Colored fryers
Colored bens .,
HOPS
(Baying Prices)
1940
.20
to .14
based
t 4 p.m.)
to 7.75
LIVESTOCK
(Buying prices for No. 1 stock,
conditions and sales reported ap
1940 spring lambs 7.S0
Yearling lambs
5.00
fcwei
Hogs, top, 160-220 lbs
2.50
to 3.00
7.00
t 4.50
S.00
to 6.50
to 6.50
to 5.00
8.50
.13
hows
Beef cows
Bulls
"i.OO
6.00
5.50
4.23
Heifers
Dairy type cows
Ure Teal
Lh-ejsed real, lb.
N....164U Phillips Petrol.. 414
Kod....l36
Proct ft Gamble 57
Public Ser NJ.... 28
Pullman 25
Radio ..'." 4
Rayonier 17
Rayonier Pfd .... 27
Republic Steel.. 22
Richfield OIL 8
Safeway Stores.. 64
Sears Roebuck.. 42
Shell Union 78
Shell Union 11
Socony Vacuum 8
Sou Cal Edison.. 26
Southern Pacific 7
Sperry Corp 37
Stand Brands 6
Stand Oil Calif.. 18
Stand Oil Ind ... 25
Standard Oil NJ 33
Stone Webster.. 7
Studebaker 7
Sunshine Min. 8
Texas Corp 40
Trans-America - 4
Union Carbide 69
Union Oil Calif 12
Union Pacific 75
United Airlines.. 16
United Aircraft 41
United Corp 1
United Drug 4
United Fruit.'"!. 67
US Rubber 22
US Rubber Pfd 85
US Steel 69
Vanadium .... 32
Warner Pictures 3
Western Union.. 20
Westlngh Elec-102
Wool worth. 31
' . .
(Hameramiett Follow tJhie iIews
X
if
- i
4 L
7 f
-
Here ia tbe tig Christmas tree
In Washington with many of
still
fe'
4
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t
titatfj rA -Witvv- jW"''-'-. - m-tn 1 1 m iitTTirr
- - - , 1 ' ' " - 1
I ' 1 it tmm m 'r- - JL
I Gaby Pleaa
After being blessed by Dennis pion of Quebec. She is Gaby Pleu,
Cardinal Dougherty of Philadel- of Lae Beauport, Quebec, where ski
phla, the 17,500-ton motorship Rio inT ia taught children almost as
Parana slides down the ways at
Chester, Pa., to be placed in line
service to the east coast of South
America,
When Lady Decles, formerly
Elizabeth Drexel of Philadelphia,
arrived in New York from Europe,
she told of meeting Field Marshal
Hermann Goering of Germany In
a Paris dress shop and how "as I
was about to decide on a beauti
ful beige coat with fur collar
Goering reached over and said he
would take it for his own wife."
Lady Decles said that "there was
nothing I could do.
N
I
i -
.r
M
Philip Murray, . chairman of the
Congress of Industrial Organiza- -tlons,
calls at the White -House in
Washington to present to Presi
dent Roosevelt : a plan for mass
production of ' -aircraft which
would result in a dally output of
500 modern fighting planes. . Tbe ,
plan cans for the pooling of an
facilities of the automobile ln:
; " 4 tdustry. ..
-
A
I
mm
i t
1 '
in the East room of the White House
the gifts which have arrived there
unopened.
Net only is this young lady a ski
enthusiast) but she holds the title
of all round women's skiing cham-
soon as they can walk.
1 - tZmf ,
i
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I'
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r a i -- - " -t
ri
With King Michael In attendance, Rumanian gov- later to Rumania Fuhrlclua. Ixm Leader
ernment officials ax. shown as they reviewed a I Horia Sima, Rumanian Premier General Antonescij
PaT in Sarest of German legions who occu- King Michael and Gorman Troop Ctornmander Gen4
pled the country. Left to right are German Min- era! Hansen,
' v ml
L
In presenting the Collier trophy,- principal aviation
award of the year, to IS representatives of com
mercial airlines for the safety record which was
achieved last year. President Roosevelt also hon-
ored three physicians whose studies of the effects
of high-altitudes on reflexes -of flyers led to the
-hi
r
pl
tee
I-
lib
Add the Grampus to the U. S. submarine flotilla, -following launching
at the Electric Boat company dock. New London, Coon. The sub
marine, in the 1,475-ton class, was christened by Mrs. Clark Wood
ward, wife of Rear Admiral Woodward, commandant of the Third
Naval districts .
4
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: s s X &os you it)W tfesa-ki aiwwa I to-
Even President Roosevelt's black Scottle dog, Falla, shared in the
torrent of White House holiday mail. Presidential Secretary Stephen
Early called a special press conference to read two letters addressed
to the dog by admirers, one of which is shown above.
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development of the oxygen mask. The physicians
are, left to right, Drs. Walter M..Boothby an4
Walter R. Lovelance of the Mayo Foundation and
' Captain Harry Gv JLrmstrong of the army medical,
; corps, Dayton, O. The scene" is-the White House
In Washington. - - ' - ' - , :- 1