f
!m
4 t.
I
J 1i
3
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PAGE TCI
RaUXjEffect
Oh Stocks Low
Lack of Interest Is
Noted Throughout
"" Sessions
NEW YORK, Feb. 17.-P)-The
v stock market sat up and took
-::4' little more rallying nourishment
' today but its appetite was far
from robust -'-
i . ' J . ' The Associated Press average
i -v s of 80 stocks held a net advance
I of 2 of a point at 46.3. Trans-
;;;:,s -i?' y. fersjof 356720 shares were among
ST the smallest for a full session since
T - September 16.
: Stimulating news, on the whole,
I ? ; T was! lacking and such buying as
I ; cropped up was attributed mainly
I w to the belief of analysts that the
j lengthy decline which last week
I : ' put I numerous stocks to around
their lows of last June entitled
i the market tq at least a fair-sized
I technical comeback. 1
Lack of interest in the day's
proceedings was exemplified by
I the fact that only 661 individual
I i Issues were traded, or just about
I - half; those listed in the stock ex-
i change. Of the total, ; 302 were up,
I ' '' 177 1 down and 182 unchanged.
I Stocks emerging on the upside
; included US Steel, Bethlehem,
! . .-. . Youngstown Sheet, Santa Fe,
I , Great Northern, Chesapeake &
Ohio, General Motors, Chrysler,
; Anaconda, United Aircraft, Gen-
) " eral Electric, Du Pont, Allied
,'. - ' .h . Chemical. Sears Roebuck' Inter-
-r' -; fcStibnal .Harvester. Union ' Car-
H . - 1 -1 -
Internal Taxes
Show Increase
-
Y f
: -WASHINGTON, Feb" . Yl.-iJPy-
internal revenue collections in
Oregon increased more than $3,
000,000 in 1940, the treasury de
partment has announced.
Collections in 1946 were " $16,-
449,474In 1939 they were $13,
200,695.': Income taxes furnished
$7,249,027 of the total in 1940 and
$5,725;616 in 1939, of which'cor
poration - taxes yielded $3,674,084
id JMOTand $2,63 1,158 in" 1938.
A -x ' " Individual", income taxes 'were
.U''.K-v; $3,574,943 in 1940 aifd" $2,794,458
-'in1939:';- T7 f".: : T
Machine Farming Charted
TRACTORS ON FARMS
5 !lrbSrb&
1931
1938 cJdcFidrici
EACH SYMKX tEMttSCKTS 200.000 TACTOtS
Depression years failed to stop tractor. oat-put for American farms.
Tractors used In 1940 numbered slightly less than 1,700,000, as com
pared with less than half a million In 1925.
Quotations at Portland
PORTLAND. Ore., Feb. 17. ( AP
Produce exchange : Butter Extras
31,ic; standards 30c; prime firsts 30',ic;
firsts 31c.
Butterfat First quality, maximum
ol 1 per cent acidity, delivered Port
land, 33-32'ic lb.; premium quality
(maximum of .35 of 1 per cent acidity),
34-34 Vjc; valley routes ana country
Doints 2c less, or si'ic; secona quauiy
2c unier first, or 31-31'aC - -
T.se Portland Produce sxenange
Buying prices: targe extras 10c; large
standards 15cr medium extras 14c; me
dium standards 13c.
-hf Sflline Drice to Portland re
tailers: Tillamook triplets Sic. lb.; loaf
22c lb. Triplets to wholesalers 19c lb.;
loaf . 20c it., f.o.b. TiuamooK.
Portlaild Grain
PORTLAND, Ore.. Feb. 17. (API-
Futures Open High. Low Close
Miv - 72 72 72 73
Casn Oram: uais, ino. z, jo-id. wmw,
24i. Barley, No. 2, 43-lb. BW. 23.S0.
Corn. No. 2. EY shipment. 28.00. NO,
flax 1.71i.
Cash Wheat (Bid): Soft white 7214;
western white 72; white club 73; west
ern red'73.:, Hard red winter: ordinary
92: li oer cent74H: 12 per cent 77i:
13 Der cent 7fl'i: 14 per cent 81a.- Hard
white-Baart: 12 per cent 78i; 13 per
cenfrWi; 14 per cent 82'a.
Today s Cac Receipts: Wheat z; oar
ley 2; flour 12; oats 2; millfeed 3.
art-.
PORTLAND. Ore.. Feb.' 17. (API
r ( VSDA) Hogs: Salable . 1800, -It o t a 1
3iw, Duvcnera sieaujr w i mu'
Barrows "and.giltsf .;. t- , -
.gd-ch,'14O-160-lbs..lJ 7.75.8.25
Pavroll taxes were $5 215 882
inH940Tand.$4,63,ll in" 1939.
C)tner,! Internal t revenue" taxes
netted! $3,984;56i4' in' io40 and1 $2,
791,566 1939. "r.-l ' 'J.
'' -t j-vy - yf
ii .ifg: Mlit'SchetJ'uled J -?
-1 NORTH ' SANTIAM-Lrrnmmun-
ity'club" will; meet February 28 at
iheJ school hbuse. V Mrs.' Roberta
Jtlillershaiman of the refresh;
menjt cimittee Mrs. Lois Clark
anci'Miss Granc'e" Richards are ar
ranging e'program.lPie2
fsA' juHll' " rvA CArtraVrl : ' " '
fee J
Stocks and
Bonds
, vrio -RAusaee. ct-ctn. au .wts 9.zi
VeMeTs.rkd-cIlatall,l12.W
ao'Vom-med; all wtsZ-S.OO11.00
i OO. CUI1. IU-.W... r. jj.rfuH.w.TO
hr- Sa4ahli 2100.' total 2400: mar-
f tret" fullv-steady:
laniDS, Kooq ana cnoice..t
"rnehum"and.gx6d. .K.75.S-
- dd cbmrton'r-: ----- T7ft- 840
Ewes, good-choice 5.25 5.75
do common-medium 3.75 5.25
i
STOCiC AVERAGES
-f - February 17
Compiled by The Associated Press
.30 15
! Indus Rails
Net charge A .4 A .1
MonJay 56 15.6
Previous day 56.2 154
ifonUi ago. 61.6 17.0
Year! ago 71.8 18.9
141 High 63.9 17.7
1942 jtow 53.8 15.4
Net Change
Monday
Previous day
-,Mrrtb. go
1941 iiiigh;
1941 iiow
New low.
Yearj ago
20 10
Rails Indus
A .1 D .1
. 60.4 104.5
.. 60.3 104.6
. 63.3 104.6
. r 105.3
. 60.3 1044
15
Util
All
33.0
32.9
35.1
39.3
35.5
32.9
10
Util
A .1
99
99.1
101.0
1014
99.1
60
Stks
A2
404
40.1
43.7
50.3
45.0
39.8
10
Frgn
A .1
40.9
408
39.5
41 5
38.0
S7.6 102.4 . 964 504
Wolol in Boston
; 7
I
BOSTON. Feb. 17. (AP) (USDA
A little more interest was noted in do
mestic wools in the Boston market to
day. Sales of fine combing Ohio De
laine were reported at 43-44 cents, in
the grease. There was some demand
for graded three-eighths blood comb-
: ing bright fleeces at 43-45 cents, in the
grease, with some choice light shrink
ing wool selling at the top of this
range. Contracting for territory wools
continued In the western States at
prices estimated at SI or more, scoured
basis, delivered east.
Portland Livestock
do gdch;'ieofl801bs..
.25-8.85.
do' gd-kht2O0-22ff-lbs-r. 8.501
. do" ga-chy-220-240 lbs.-.l g.0pg8.5O
' do zd-ch, 240-270 lbs z . f.aj o
. da-Pd-chf 270-350 lbs.' - 7.50 M
Feeder "p!k gd-ch.--.70-120-r 7.00 . 7.75
ile
Strscood. 900-1100 lbS.S10.O0! ll.oq
do-med, -150-1 iWJflb? r:'8.5trif600
'doraihmon; 7M-JrOOlbsr 7.25Bi: 8.5a
Heifers, 'gt)Oa,- 7W;SUUtlips..- ,
dtrmeaitim. ou-sw id.. .
rfo'ccnimbn, 50Q-900. lbs6.7.2a.
CoVs.rgoodi all Jwts j'i.'rrr. It?"00.
do cariner, : all .wis .'. .13- 44J " i2$
BulUr'Cjeartings.' excluded) ii ';- "?
liKawiH .11 7 MA. S Oft
. i l'! - . : i
rs'oa
v dd sausale. medt ain.wU-?rB5t('5572
do.'sausaie, go6d9 aUJ-y.
e, mea. auwa- -
f, ct-ctn, all.wts ,
Portland Produce
PORTLAND. Ore.. Feb. 17. (AP
Country meats Selling price to retail
ers: Country killed hogs, best butchers,
125-140 lbs. Il'il2c; vealers. fey, 17
17ic; light-thin. 12-15c; heavy, 11 -14c;
lambs, old crop, 16V-nc; ewes 6-10c;
good, cutter cows, 11c; canner cows,
10-1 lc; bulls, lZ"i-13c.
Live pcultry-BOymg prices: No. 1
grade Leghorn broilers, lu-2 lbs., 14c;
fryers under "3 lbs., 14c; fryers, 21a to
4 lbs.. 16c; roasters over 4 lbs., 17c;
Leghorn hens over 3',i lbs., 10-13c; Leg
horn hens under 3 la lbs., 10c; colored
hens over 5 lbs., 16c. Old roosters 5c
lb. "
Dressed turkeys Buying prices: New
crop hem, 19-20c; toms 18-19c. -
Dressed turkeys Nominal selling
prices: Hens 22c; toms 20-21c.
Onions Oregon Danvers, 1.00-145;
Yakimas. 1J5-145; Idaho large Sparfish,
1.00 sack. "
Potatoes Deschutes, No. 1, 1.20-145;
selected Deschutes brand 1.25-145;
Yakimas, 1.00-1.05 cwt.; Klamath'-1.15-145
cental. Selected Klamath, 145-1 35.
Hay Selling price to retailers: '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.
1941 contracts, Oregon ranch, nom
inal, 32c lb.
Wool 1940 eastern Oregon range 30
33c; crossbred. 34 -35c; Willamette val
ley 12 months, 34-35c.
Domestic flour Selling price, city
delivery, 1 to 25 bbl. lots: Family pat
ents. 49s. 5.65-5.75: bakers' hard wheat
net 440-5.45: bakers' bluestem 4.90-540:
blended hard wheat flour 5.00-5.30; soft
Closing Quotations
Air
Ami
Am
INEW YORK, Feb.
j Reduction 37 W
Alaika Juneau 4
Al Chem & Dye 147 .
All is Chalmers 294
Americaa Can 83
Car & Fdy 244
Rad Std Stn 6
Ami
Am Roll Mills 1 12
Smelt & Ref 39
Ami Tel & Tel .
AmJ Tobacco B .
Ami Wat Wks .
Zinc L &
-Anaconda
Armour 111
Atchison
Aviation Corp
Baldwin Loco
Berklix Avia
Beth. Steel
Boeing Air .
.Borden "LZ. -JL.
Borg Warner
Calif Pack
-Callahan ZL
Calumet Hec .
Canada Dry
Canadian Pac
Cat; Tractor ,
Celanese
pies' & Ohio Li
Chrysler ;JU"
Col Gas" & JE3ect
Commef . Sol v ; 8 4
Consol 'Aircraft i- 23
Consol Eidson l 2lV
Consol Oil 5
Contl Can 29V
Com Prod -JZ-
159
88 .
5
5
22
4
20
4
14
33
77
14
19
17
17
1..
6
12"
3V
44 ;
23
39
64
"4
n-itfToday'a closing quotations:
toug Aircraft .... 66 ! J C Penney
Du Pont De N HI; Penna -RR
Eastman Kodak 127 " Phelps Dodge '
El Pow & Light - SVi Phillips Petrol
31 Public Serv NJ
35 ; Pullman
41Radfov
12 Republic Steel
16 Richfield Oil
23. .Safeway Stores -10
Sears Roebuck
6 Shell ynion
10 Socony Vacuum.
47 Sou Cal Edison-
Int Nickel Can 23 Southern Pac .
Int Pap & P Pfd 58 Sperry Corp
Int Tel & Tel 2 Stand Brands
Johns Manville . 55 Stand OH Calif
KennecOtt 1 31 Stand da Ind
Ubbey-O-Ford 35 Stand Ofl NJ
21 Stone Webster -31
Studebaker
2 Sunshine Min J
35 Texas; Corp.
4 Trans-America -IT
Union Carbide to
Gen Electric
Gen Toods
Gen Motors
Goodrich
Goodyear Tire -
Great North ,
Greyhound
Illinois Central
Insp Copper
Inter Harvest M
Lockheed
Loew's
Long-Bell A
Monty Ward .
Nash-Kelvinator
Nat Biscuit
Nat Dairy Prod - 13 Union OiI Calif
Nat Distillers
Nat Lead
NY Central
fNd Amer Av;
.No; Amer Co
Northern Pac
.Ohio Oil . T;,
Otis Steel
Pac" Amer Fish -
Pac Gas & Elec 26;
Pac Tel & Tel 1 19
Packard Motor
21 i Union Pacifie
16 United Airlines
12 United Aircraft .
13 United Corp
15 : United Drug '
5 Uniled Fruit
6 US Rubber X.'
7 US Rubber Pfd -7
US . Steel f T
Vanadium ry T;
Warner Pic
2 Western Union :Z
77
22
28
36 Vi
27
23
4
17
7
38
69
11
8
25
8
32
6
18
26 .
34
6
6
8
35
' 4
61
13
76
12
36
' 1
3
63 r
18
82
57
27
2
19
91
30
wheat 4.40-4.45; graham 49s, 4 90; whole
wheat 49s, 4.45 bbl. ,
Mohair 1940. 12 months 30c. !
Cascara 1940 peel 8c lb.
Hops Oregon 1940, seedless, 32-33C
lb.; seed. 27-29e lb. i
: ... . ' ........ . .... - -
Th OSEGOIl STATESMAN. Solent. Orron. Tuesday Morniacj. February 18. 1941
Wteat Growers
Urged to Sign
Crop Insurance Closed
After February 28;
347 Comply
Wheat growers of Marion coun
ty have only eight days left to
apply for all-risk protection on
their ,1941 spring wheat crop,
warns Robert E. Rieder, secretary
of the Marion county AAA. The
deadline is Friday, February 28,
after which date the federal crop
insurance corporation will not ac
cept crop insurance applications.
Growers may apply for this
all-isk,, . type of protection, at
the county AAA office.
"Last year," Rieder states,
"some wheat growers in this
county felt the full shock of crop
failure because they failed to get
applications filed before the clos
ing date. That need not happen
again."
Approximately 347 Marion
county growers have already paid
premiums for insurance on their
1941 crop, guaranteeing the pro
duction of about 81,503 bushels of
wheat despite crop hazards, Rieder
Salem Market Quotations
;'' (Boring Prices) ":..-i-v-The
prices below supplied by a local
grocer are indicative of the daily mar
ket prices paid to rrowers by Salem
buyer but are not guaranteed by The
Statesman: 'V:. ):.. -i " -
Brusseb
srrou
Cabbage, lb.
Carrots
VEGETABLES
its .... .
Carrots, bulk, orange box
Celery, green
Rarlie. lb. - . ' ,
Lettuce, 4's
Mustard rreens. bunch-
Onions, 60 lbs.
Onions, boiling, 10 lbs
Onions, green '
Parsnips, tug
Potatoes, 100 lbs. No. U
50 lbs., wo. z..
Hot house rhubarb, box
Radishes, doz.
Turnips, bulk, orange box.
-SI .00
J03
.45 :
1.25
20
.40.
2 JO
.40
.111
- - as
. .40
- 75
-liS
.40
1.00
.45
- 1.00
, GRAIN, HAT AND SEEDS
Wheat, No. 1, recleaned, bu .7$
Oats. No. 1 21.00 to 22.00
Feed barley, ton 21.00 to 22.00
Clover hay. ton 9.00
Alfalfa hay. ton 12.00 to 14.00
Egg nvush. No. 1 grade. 80 lb. bag 1.80
Dairy feed. 80-lb. bag 1-33
Hen scratch feed i 10
Cracked corn . 2.00
EGGS AND POULTRY
(Buying Prices of Andresen's)
Grade A large, doz J 5
Grade A medium, dor . .13
Grade B large, doz J3
declared. In 1840, 17 Marion coun
ty growers collected a total" of
3105 bushels due to unavoidably
damaged or destroyed crops.
Butterfat, No, 1, 32Ve; fim
2, SOHc; premium, 330.
A grade print, 35c; B grade
34c; quarters 36c.
Colored hens
Colored trys ,
Whit Leghorn, heavy
Whit Leghorn frys
Old roosters
as
. as
.08 to .09
as
.03
(Baying Prices of Marion Creamery.
Grade A large, doz ' ,, .,",."-'--
Grade A medium. , . a3 '
Grade B large, doi a3
Pullets, doz. , j09
Checks and under grades.- , , . .10
Colored hens as
Colored fryers - a2 .
Leghorn fiyeis , Jl
Leghorn bens .10 ,
Stags , , , J03
Old roosters , , , , ., , . . j03
No. 2 poultry M less. .
1940
HOPS
(Buying Prices)
LIVESTOCK
(Buying prices for No. 1 stock, based
on conditions and sales reported up to
4 p.m)
1940 spring lambs 9.75
Yearling lambs 6.00 to 7.00
Ewes . 3.00 to 5.00
Hogs, top, 160-220 lbs 8.50
Sows 0.00 to 65
Beef cows 7.00
Bulls ; 6.75 to 7 .50
Heifers
Dairy Type Cows
uve veal
Dressed veal, lb-
6.50 to 7.00
4.50 to 6.00
1130
as
Wheat Futures
Cont-Lnue Drop
Concent Felt for Trade I
Between Northwest; i
. And China ;
. CHICAGO, Feb. 17.-P)-Fall-ing.
fractions to a cent bushel,
grain futures prices here today;
5-r.ir to the lowest levels, for the,
past few months in all trading
pits." A i
Wheat closed lower than
Saturday,. May 78-78H.- lowest
since last September- 21, July
73H-73 and September 73-i
lowest of the season, f : .
Wheat tried to advance at the
opening in sympathy with firm-j
ness of securities, gaining as much
as cent in early dealings, but
this rally -faded quickly. Receipts
at the 12 principal interior term-jj
inals totaled 575,000 bushels com
pared with 423,000 week ago
and 649,000 a year ago, and
traders said this apparently re
fleeted increased country moye-f
ment in some localities. Receipts
here totaled 41 cars, with spot
prices off -l cent! ' if
The Pacific coast shipped 1004
000 bushels of US flour to 'China
last week and there was concern
In some quarters .that any out
break of hostilities in the pacific
might interfere with this business
with! the orient and Philippines.
WUh Old !DabM
With CUaa Credit
Si
l Money fe
At Low
Rates
A ' I
Ul Us Help Yon! Hy the
r Banner ol Success I
r j .
Slale Fbanco Co.
344 State Phone ,8261
j Uc. S-213 Mj222 j
v.-;
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iui i mi m
mm laq m
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h .i. :
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Jiew 'Wype HDress
I :
m TOPAZ'S STATESCVOAM
A more READABLE TYPE for our NEW. COLUMNS . . . starting with this
morning's issue of The Statesman! We have chosen a new,' clean face type
called Excelsior which you, our readers will appreciate because of its
easier reading qualities.
THE -DIFFERENCE
Tho Old Way
it
la fine kl and vp
rouna &is son ersry oy
Taylor ftldofi, -rhe today
lyears of are.
: No spteiai vptem
Mr. Kitaon
and came
one rear,
some years, t
tISS), tttsn
Iorslty for A 1
173.
cs of tiis an-;
t ids real,
tlr street,-
--.- t '
Igdea was sera In Iowa
to Oregon St the age of
fie taag&t rural school
ten cams to saiem
las WUUinstte
bfia. He married la
Tho New Typo
In fine health and up and
around his home every day is
W, Taylor Rigdon, who today if
62 years of age. -: v ; ; ;
No special observance, of thf
anniversary is .planned ' St his
residence, 299 North Winter
street
Mr. Rigdon was born in Iowa
and came to Oregon at the age of
one yeaf. He taught rural school
: I !
-7-
.
V'.",
Crown Zeller Z. 13
Pan Amer Air - 12 Westing FJec'.i-.
CariVright '
74
Paramct PiV- 10 Wbolworta.' T.
4 i it'
i