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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Dec. 20, 1941)
Financial Markets Comics Farm PAGE EIGHT The OREGON STATESMAN, SALEM, Oregon, Saturday Morning. December 20, 1941 Stock Market Rally Fades Bearish News From Far East Causes Late Bearishness NEW YORK, Dec. 19 -(P- ' Stocks took on a rallying tinge In Friday's market but the bright er hue laded to some extent at the last as war news from the Far East became a bit bearish. Early gains for steels, rails, mo tors, aircrafts, rubbers, coppers, mail orders and an assortment of specialties ranged from fractions to more than a point. Advances were trimmed at the close and minus signs were well distributed. The Associated Press average of 60 stocks was unchanged at 36. Large-scale tax selling persisted and accounted mainly for the turnover of 1,269,869 shares com pared with 1,313,400 yesterday. Holding advances were U. S. Steel. Bethlehem, General Mot ors, Western Union, Santa Fe, N. Y. Central, Southern Railway, Great Northern, U. S. Rubber, Montgomry Ward, Sears Roe buck, Douglas Aircraft, United Aircraft, Anaconda, American Smelting, Allied Chemical, Union Carbide, Eastman Kodak and J. I. Case. Union Pacific and American Can dipped to the "new low" division. Others in arrears in cluded Standard Oil (NJ), Texas Co., Du Pont, Dow Chemical, Chrysler and American Tele phone. Salem Market Quotations "Strictly Private" By Quinn Hall ITS PUNK, feEEH vl J VEgajPS "TILL HgZlER'tyJsg jt It The prices below supplied by a lo cal grocer are Indicative of the daily market prices paid to growers by Sa lem buyers but are not guaranteed by The Statesman: VEGETABLES 'Apples, box Beets, bunch, doz. -., lirussrls sprouts, flat Cabbage Carrots Cauliflower, crate Celery, ereen Celery hearts doz. Garlic, lb Hubbard squash Onion, 50 lbs Onion, green , Potatoes, 100 lbs.. No. i new Potatoes. No. 2, 50 lb. bag Radishes, doz. 1.25 .40 1.00 1.50 .35 1.25 2.25 1.00 .18 .015 . 2 .00 . .45 . 2 .50 .70 . .35 PEAR AAOfAt- I PRCWED TO THE SW33E. VCW BRMNS AimVS COUNT- ME AFRAID I'D &ET BEHIND W W VW6 TOttNQ It I WENT WCWE FOR CWaSWAS-BUT I SHOWED UUA.. you sou pa. i cowfe a MJEEKS f&tWOPK. IN OWE DAY., AP FMturti Production of Sugar Beets Shows Drop WASHINGTON A 1941 sugar beet production of 10,090,000 tons was reported by the agriculture department, a decline of 18 per cent from the record crop of 1940 The report said the reduction was due entirely to an acreage decline, as the 1941 yield of 13.3 tons an acre was almost the same as last year's record high. The beet sugar production from the 1941 crop was given at 1,451, 000 tons. It was 1,773,000 tons last year. The production of sugar cane for sugar in the 1941-42 seasons was estimated at 5,053,000 tons. It was 3,797,000 last year. Quotations at Portland Grain Market Produce Exchange ntry killed hogs, best butchers, L)-bt Tls T" 14fi-15c: light thin. 12-14c; IIC"S LJLLLt PORTLAND, Ore., Dec. 19 (AP) Butter prints: A grade 38VaC in parch ment wrappers 39',aC in cartons, B grade 37V2C; in parenmeni wrappers. JoVaC in canons. . Butterfat First quality, maximum 6 of 1 per cent acidity, delivered Port land, 38-38'ic lb.; premium quality (maximum ol .35 of 1 per cent ucidity), 39-39V2C lb., valley routes and country rints 2c less or 36,4c; second quality cents under first, or 3-36ic. Ems Prices to producers: A Urge 33c- B large, 31c; medium A, 31c: medium B, 30c; B, small, 24c; A, small 26c. Resale to retailers 4c higher for cases, cartons 5c higher. Cheese belling price io roruanu re tailers: Tillamook triplets 28c lb.; loaf 29c Us. Triplets to wholesalers 26c lb.; loaf 27c lb. t o.b. nuamooK. ers: Coun 129-148, vealers, fancy 18-18'ic; heavy. 14-lSc lambs. 18c: ewes. 5-9c: eood cutter "-"4c: cnnrr 10-uc; CHICAGO, Dec. 19-W-C-rain Dressed turkevs-SeiiinB nric: Hens prices continued to arm r naay. To" 23? henV.227clb' prt : receding fractionally to low lev- Live poultry Burin prices: No. 1 !? in mnr than o uwV o th grade Leghorn broilers, under Hi lbs. I """" 18c; over i', lbs.. 18c; fryers 2-4 market maintained its waiting colored hens, 19c; Leghorns, under 3'i mood pending Washington price ids., iac; over lot., uc Old I . , . , . roosters 8c lb. control developments, the Hop Prices Show Little Change During Week; Demand Moderate Hop markets on the Pacific coast were seasonally quiet but continued to display a steady to firm tone during the week ended December 17, according to the department of agriculture. Prices quoted growers for both spot supplies and future deliveries held at around the tiRAIN, HAY AND SEEDS (Buying Prices) Oats. No. 1 Feed barley, ton Clover hay. ton Alfalfa hay. ton Dairy feed. 80-lb. bag.. Hen scratch feed Cracked .corn Wheat . BUTTER PRINTS: (Baying Prices) A Quarters 30.00 30.00 . 9.00 to 10.00 14.00 to 16.00 1.75 2.25 2.25 1.00 SO to .39 .38 .40 EGGS AND POULTRY (Buying Prices of Andresen's) (Subject to Change Without Notice) nUTTKKrAT Premium .... No. 1 No. 2 same levels as those for the pre vious week. Growers were not inclined to press remaining stocks of 1941 hops for sale and this tended to offset the only moder ate demand from dealers and in dustries. Current requirements of do mestic consumers apparently were being filled from stocks accumu lated earlier in the year. Export business continued to be restrict ed by unsettled shipping condi- tions brought about by the war. Oregon markets maintained a firm tone although trading was only moderate. Trade reports indicated that quotations , on 1941 regular seeded type hops ranged from 40 cents to 41 cents per pound net growers, with sales amounting to around two carloads at the 41 cent level. Greenery Salable Without License Except Holly The state department of agri culture pointed out Friday that cut greenery such as Christmas trees, salal, huckleberry and mis tletoe, may be sold legally with out a nuresryman's license, but that if such sales include holly the seller is subject to a $10 deal er's license. However, any person having a holly tree in his backyard may sell up to $50 worth of holly without a license, provided he does not display or advertise the holly. Holly is one of Oregon's size able nursery crops and is subject to pest and diseases. For that reason it comes under the nur seryman's license law. m .40 .39 .36 .34 .34 .31 .31 .18 .17 J7 J3 JDS (Buying Price or Marlon Creamery) (Sublect to Change Without Notice) BUTTERFAT Premium .40 No .1 .39 No. 2 .37 EGGS Large A Portland Livestock all- Onions Oregon nominal. 1.50 tm. sack: Yakima. 1.25-1.40; Yakima trade factor at N this pnrm.AND. Ore.. Dec. 19 (AP) (USD A) Hogs: Salable 100. total 300. Rarrnws and CiltS n.A -eh 140-160 lbS. 10.V3fflll.03 do 160-180 lbs 11.35 12.15 do 180-200 lbs. iz.oufaiz.13 do 200-220 lbs. 11. 60 fg 12.15 do 220-240 lbs. 11.25 11.85 do 240-270 lbs. 11.00(811.50 do 270-300 lbs 10.75 11.25 Feeder pigs, gd-ch. 70-120 10.25 1125 Cattle: Salable 50, total 150. Steers, ch. 1000-1100 lbs. 12.25 12.75 do good. 900-1100 lbs 10.7551 11.25 do med. 750-1100 lbs. 9.50 fg 10.75 do common. 750-1100 lbs. 8.00 9.50 HGood" - 9.75 10.50 do med. 500-900 'bs. 8.50 9J5 do com. 500-900 lbs 7.00 (r? 8.50 Cows, good, all wts. 7.75 (a) 8.50 do medium, all wts. 6.75 7.75 do cut-corn, all wts. 5.25 6.75 do canner, all wts 4.25 5.25 Rnll (vearllnes excluded) beef, good, all wts 8.50 9.25 do sausaee. eood. all wts 8.25 9.00 do saus, med. au wis. - i.ou'js cm do cut-corn all wts. 625 7.50 Vealers, gd-ch. all wets. 11.50 13.00 do com-med, all wts 8.00 11.50 do cull all wts 6.50 b oo Calves, gd-ch, 400 lbs. dn. 10.0011.50 do com-med 7.00(g) 10.00 do cull, 400 lbs down 5.50 7.00 Sheep: Salable 50. total 250. Ewes (shorn) gd-ch 4.50 5.25 do, com-med 2 50 4.50 Lambs do gd-ch 10. 50(5: 11.00 do med-gd. 9.50 W 10.25 do common 8.25 925 so- important 10 s, 35c; Oregon 40c. time. red. 60c box: California ereen I2'i-i3c'. I Prices closed at or near the Potatoes White locals, 2.00-225 cen- , , , ... , . , . . , tal: Deschutes Gems, 2.40-2.50 cental: day's lows, With wheat H to H Kfa?h Fails1 below yesterday's finish. Decern- Hay Selling price on tracksT Alfalfa her 1 ?2'i Mav 11 25s4-14 No. 1 $19-20.00: oat-vetch. $13.50 ton; X V . r Willamette valley clover, 12.00 ton; tlm otny. eastern Oregon, S21.50 ton. Stocks and BonHs December IS Con piled by The Associated Preaa STOCK AVEKAGM 90 IS IS w Indus Rail Util Stka Net change A. 1 A. 1 D. 1 Vnch mday 52 7 11.T 15 J S Previous day 52 6 13 2s 4 36.0 Month TO S72 1J 29 S 40.0 Year mgo 13 15 J J4J O 1941 high a 19.0 JSJ 45 1941 low 52.7 1J 4 2iJ 36 BOND AVEKACEI 3 1 10 10 Aalbffndus Util Trgn Net change A. 1 D. I D. 1 A. 2 Friday 1032 99.7 41J Previous day 5C 9 1033 09 S 41 Month ago 61 i 105 0 102 0 47.5 Year ago 60 0 1052 99 J 37 J 1941 high 663 105 4 102.2 51 4 1941 low 582 1032 MS 38 Wheat still was 4 to 5 cents over levels prevailing just be fore the Japanese attack in the Pacific but about 5 cents below the highs reached last week. Mohair 1941. 12-month. 45c lb Nuts Price to wholesaler: Filberts: Barcelona, jumbo 21c. large 18',ic. fancy 17ic, baby 16c lb: Duchilly. lumbo zoc. large 19c fancy 'be id. w a 1 n ut i Prices to wholesalers First grade Franauette. lumbo. 22c large 20c; medium 18c; baby 15','jc; son snell. jumbo .none; large 19c; medium 17c: baby 141aC lb. Mayette Jumbo none: large 20c lb.; second Tiirn!n Di nlrrvoA grade Franquette. large 18c: medium 1 urn,P VISpiayea 17c: Da by lac lb.; soft shell, large lvc medium 16c; baby 14c lb. Wool 1941 clip. Oregon ranch nom lnal 32-33C lb.; crossored, 34-37c lb Domestic flour Selling price, city delivery. 1 to 22 bbl. lots; family pat- tents, 49C. 7.35-7.95; 98C. 7 10-7.70 bbl bakers' hard wheat net, 5.75-6.50: blended hard wheat 5.85-6:30; toft wheat 5.50: bluestem 6 00-6.50. Hops 1941. 40c: 1942 contracts. 33c. Cascara bark 1940 peel. 10c lb.; 1941 10c lb. Ttcenty-Five Pound At Monmouth'Store Portland Grain MON'MOUTH Russell Al sip, who lives three miles- west of Monmouth, has ctowti a mammoth turnip crop on rr den soli through which a sprint runs. From a truckload of hure specimens he selected the bit;, test one, weithinr 25 pounds, and measuring 37' 4 Inches by 42 Vi inches, ' for display in a local real estate office. Portland Produce PORTLAND, Ore., Dec. 19 ( AP) Country meats Selling price to retail- PORTLAND, Ore.. Dec. 19 ( AP) Wheat Open High Low Close May 1.02 1.02 1.02 1.02 December 97 .97 .97 31 Cash grain: Oats N6. 2. 38-lb. white. Wool in IWtnn Corn No. 2 EY shipments, 3425. No. i flax, 1.96'i. BOSTON, Dec. 19 ( AP) (USDA) Cash wheat (bid): Soft white, 96'a; 1 Prices of domestic wools were steady soft 'white excluding Rex, 98; white today in the Boston market although club. 98; western red, 97. sales were generally limited to wools Hard red winter: Ordinary. 96'i; 10 urgently needed for immediate con- per cent. 98; 11 per cent, 1.06; 12 per sumption. Graded fine territory wool of cent. 1.13. average French combing length sold Hard white Baart: Ordinary. 1.06; at $1 10-1 13. scoured basis, and one- 10 per cent. 1.13; 11 per cent, 1.19; 12 half blood French combing length sold per cent. 1.22. at $1.06-1.08. scoured basis. Spot foreign Today"s car receipts: Wheat, 18; flour, I fine wools were in good demand at firm 8; corn, 8; hay. 2: millfeed, 1. prices. Estimated Hop Yield Listed The 1941 hop yield in Washing ton, Oregon and California was estimated Thursday at 40,380,000 pounds. It was 42,066,000 pounds last year, according to The Asso ciated Press. The agriculture department listed these 1941 production fig ures: California, 10,260,000 pounds; Oregon. 16,800,000; and Washington, 13,320,000. Lettuce Supply Small PORTLAND, Dec. 19 -JP)- A small supply of Maryhill lettuce brought $1 crate on the East Side Farmers' Wholesale market Friday. Mid-Columbia spinach was generally $1 orange box, some slightly higher, and local offerings were mostly 75-90 cents. WANTED Walnuts and Walnut Meats Cash Paid on Delivery KELLEY FARQUHAR Salem. Oregon Kxtra large white . Extra large brown Medium Standard Pullets Colored- hens Colored frys White Leghorn Old roosters Medium A . Medium B , Pullets Checks Colored hens Colored fryers Leghorn fryers Leghorn hens Stags Old roosters 24 21 21 27 .18 .19 .17 .17 46 .15 .12 .05 No 3 poultry .05 less. LIVESTOCK (Buying prices for No. 1 stock, based on conditions and sales reported up to 4 p.m. Top lambs 10.50 Ewes 4.00 to 5 00 Hogs, top 160-225 lbs 12.00 Sows 8.15 Veal, top 11.50 Dairy type cows 5.00 to 6.00 Beef cows 7.00 to 7.50 Bulla 7 75 to 8.25 Heifers 6.50 to 725 Dressed veal .17 HOPS (Baying Prlres) Seeded- 1942 contract Beedlesa WOOL AND MORAIM Wool Lambi Mohair 25 .42 .40 23 .45 Seedless hops from the 1941 crop continued to be quoted at about 46 cents per pound to growers. Regular seeded hops from the 1942 crop on contract continued to be quoted mostly at 35 cents per pound to growers. However, further contracts at 38 cents per pound to growers were reported consummated in the Grants Pass district. Seedless hops irom the ia4 crop were quoted at about 42 cents per pound to growers, unchanged from the previous week. At the close of the period deal ers were bidding these prices for additional amounts from the 1942 crop but growers were not in clined to offer freely, preferring apparently to await further mar ket developments before enter ing into further commitments. Trade reports indicated that a firm undertone prevailed in the general hop market situation de spite the only moderate activity at present. Washington markets also were rather quiet but fully steady to firm at around the same price levels in the Yakima valley area as those in Oregon markets, and with approxi mately the same general situa tion prevailing. Only very small amounts of 1941 crop hops are reported left growers' hands in western Washington producing areas Growers reported bids of 33 cents per pound in the Puyallup valley district for the 1942 crop fuggles California hop markets we dull but maintained a steady to firm tone as light offerings tend ed to offset the only moderate demand. Shipments were rela tively heavy following the issu ance of individual marketing cer tificates but applied on earlier orders. At the same time, market sup plies were well below other re cent years with growers having already disposed of all but a few hundred bales of the 1941 crop. These lots were being firmly held. The market on 1941 seedless hops was nominally placed at around 50 cents per pound and 1941 regular seeded type at 36-38 cents per pound depending upon quality. Trade reports suggest that remaining supplies include mostly medium and lower qual ities. Interest in contracting 194". and later crops for future delivery slackened further and .no addi tional deals were reported. Grow ers, dealers and distributors Were hesitant in making additional commitments pending more set tled conditions. The market on 1942 seedless hops to contain not more than 2 per cent seeds and per cent stems and leaves was generally placed at around 42 cents while regular 1942 seeded were quoted at 32-33 cents per pound. THE LONE RANGER Fresh PcdntI By FRAN STRIKER THERE V ARE, JANE. WOK AT TaNP WlL REALLY TAKE 1 5UKE THIN, AM1 THE Bf& HEAD S f JUST A 1 JW WHAT I THOUGHT ITS BUNTED ON 5WeT1 ASfV.EH? WELL, WF KNOW HOW TW OCAl THE SUPPLIES WE'RE pji OVER THE COUNTRY A MAM IN WASHINGTON'S PROMISED J f MINUTE. 1 6XUPPED VUH, r WITH SPIES! v. X READY TO EQUIP AN AND SET UP A NEW 1 TO MAKE ME A - - I BREALT, BREAlT.' jJ ou A ARW WITH 6UNS AND I V 6CVERNMENT? yl GOVERNOR. ssm LEMME SEE 1 ( CW ) y?V MMUNm ..y cous ' jl POLLY AND HER PALS Pa Turns Over a New Lead. By CUFF STERRET X NfeVER. SEE THAT )( I CAN'T STAND HIM . VOUNG SELLER; PA. HE'S SO ILL-BRED HAROLD HATTRACKA AND UNMANNERLY. F5C7 AROUND ANV MORE, POLLV. rr r r- j. j i HOLD ON THERE ,QAL .TH' A"o.K.,PA. HAVE JpF ( BUT WHAT HE WAS VERY LAST TIME HE WU2 ) IT YOUR WAV ) rSI V?f SMOKING WAS YOUR. J TTul HERE I HEARD HIM ASK AND DErEND U U ( "TWENTY- PlVt-CENT J I MICKEY MOUSE A Bloodhound With Anemia! By WALT DISNEY Closing Quotations NEW YORK, Dec. 19-P)-Today's closing quotations: Air Reduction ... 37 4 Du Pont D N ...139 Penn RR 18 Alaska Juneau 1 Eastman Kodak 132 Phelps Dodge 29 V Al Chem & Dye 139 Gen Electric 26 Phillips Pet 45 Allis Chalmers ..26 Gen Foods 37 Proc & Gamble . 50 American Can ... 64 Gen Motors 29 Pub Serv NJ ....12 Am Car & Fdy 29 Goodrich 13 Pullman 21 Am Rd & Std Stn 3 Goodyear 11 Radio 2 Am Roll Mills ...10 Great North 20 Republic Steel ....16 Am Smelt & Rf . 39 Greyhound 11 Richfield Oil 9 Am Tel & Tel '..125 Illinois Central ....5 Safewav Stores ..424 Am Tobacco B . 47 Insp- Copper . 10 Sears Roebuck ....51 Amer Water Wks 2 Inter Harvester ..45 Shell Union 15 Am Zinc L & S . 3 Inter Nickel 23 Socony Vacuum ..8 Anaconda 26 Inter P & P Pfd 56 Sou tl Edison ..16 Armour Illinois ... 3 Inter Tel & Tel ..1 South Pacific . 10 Atchison 25 Johns Man ville ..53 Sperry Corp .30 Avia Corp 3 Kennecott 35 Stand Brands ..4 Baldwin Loco -..13 Libbey-O-Ford ..20 Stand OU Calif ..21 Bendix Avia 38 Lockheed 22 Stan Oil Indiana 30 Beth Steel 59 Lowe's 34 Stan Oil NJ 42 Boeing Air 18 Long-Bell A 2 Stone & Webster 4 Borden 19 Monty, Ward 25 Studebaker 3- Borg Warner 20 Nash Kelv 3 Sunshine Mining 4 Caltf Pack 18 Nat Biscuit ..,.13 Texas Corp . 43 Calumet Hec 5 Nat Dairy Prod 13 Trans-America 4 Canada Dry 1 11 Nat Distillers .23 Union Carbide 69 Canadian Pac .3 Nat Lead 12 Union Ofl Calif -13 Caterpillar .Trac 37 NY -Central .. 7 Union Pac 60 Celanese 18 N American Av 12 United Airlines -9 Cnesa & Ohio -32 N American Co - United Aircraft -34 Chrysler : 42 North Pacific 4 United Drug 4 Col Gas & Eec -45 Ohio Oil r... , .8 United Foods 66 Commercial Sol. 7 Otis , Steel L;---4 US Rubber 17 Consolid Aircraft 22 Pae Amer Fish -10 US Rubber Pfd -78 Consolid Edison -12 Pae Gas & Elec -17 US Steel 51 Consolid Oil 5 Pac Tel & Tel -J8 Vanadium 18 rnntimmtal Can -25 Packard - : 1 Warner Pictures -5 Torn Prod -50 f Pan Amer Air '--14 Western Union -24 rAum 7llr ...11 Paramount Pic , -13 Westing Elec 75 ri,rt!. Wriuht 8 ' J C Penney 75 " Woolworth 24 The New York hop market continued firm with the small stocks on hand and steady buy ing by brewers to replenish stocks rather than to fill im mediate needs. Inquiry for foreign hops was dull and nominal. On December 17, regular 1941 hops were quoted to the trade at New York at 47-49 cents; seedless at 58-60 cents; 1940 regulars at 38-40 cents, and seedless at 48-50c per pound. . The bureau of internal revenue reports that hops and hop ex tract used by brewers during September, 1941, at 2,952,069 pounds, and during October -,ou,iy pounas. UU i QWJ. gjNS ej, ) I I . . . NOT SO FAST. ) j If GL NO EhV) f I YSS2' , Ifl fe S-' LITTLE ANNIE ROONEY Happy Hannah's Hot Stuifl By BRANDON WALSH WEIL. LITTLE GrCORGff 15 GOMMA 8E A fftCH ARTWr WHCM WE GCOW5 UP HE WANTS TO Be VHFFCRHX I GUESS Carrots Are Scarce On Farmers' Mart PORTLAND, Dec, 19-P)-Car- rots were scarce on the East Side ! Farmers' Wholesale market Fri day and although the top price was unchanged, the lower limit moved upward with sales at 40- 45 cents dozen bunches. Many buyers were unable to fill their needs. Green broccoli was limited and was in keen demand at a new high mark of 65-70 cents dozen bunches. Bunched beets were 5 cents and bunched turnips 25-35 cents. Lugs of turnips, beets and carrots were generally 45 cents, with parsnips and rutabagas at the same price. P" OK MANMACOM6 ON VMA HA t wevECHEACOX OVER-ALL HELPIW f Of A SMQWWPtUM KfOftE ) LITTLE GEOBGE MAKE A J -I THOUGHT KIDS ALVM5 rf I &NOW-IVOMAN MADC SHOUMIH TrnweT V rxwASjusr-rMiNW wouLOAfrrrpc J SWELL F FOCK5 WERE ALL MADE OF 6WOW T IF YOU Vfckt TOO WT "rDLI COULU SWiUOUI IN TUB. SUH A VMLC AN GET TWiH VYOU WERE TOOTHHYOU COUtO GET50MC5N0W H AKT MAKE VOCig$QF FATf ' 1 -4 IWA57L15T HOW VMATV THSA3AJG HOW FIMJ ASEVOU I AaTHE-SWOWPEOPtC LAFWAT A WOULD LOOK -WTKC J 5-7 l K ? ? ? r 5UKMCR-TIMC .- r - II J .. . ... I THIMBLE THEATRE Starrinq Popey "WeIL Blow Me Downl' Called by Illness LIBERTY W. R. Dallas was called to Corvallis Thursday by the illness of his father. C. E. Dallas. wanted; Walnut meats and Filbert meats; Cash on delivery. High est price. - MORRIS KLORFEIN Paekinc Co. 469 N. Front Tel. 7633 r AH, L0OOD FORfp IT IS THE HOMELW IT FUEL. FCR THE OOOK I ETfVN I lCgOT IT IM THE STrJE, UJiMPV Ie "" DoMglaa Aircraft C5 ' ' r