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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 10, 1942)
j . 3 : v Finaneial jf arm lets miles PAGE EIGHT The OREGON STATESMAN SALEM. Oregon, Saturday Morning. January 10, 1942 T FT Tl Marl! State Hop Marts Tone; War Uncertainty Cause ' Pacific coast hop markets were somewhat irregular during the week ended January 7, the department of agriculture re ports. The general situation was seasonally dull with light trading reported in producing districts of the three west coast states. A steady tone was reported -from Washington and Califor nia markets with j prices about unchanged from the previous week. Prices were also un- changed at New York compared with a week ago. In Oregon, however, a somewhat weaker tone developed and prices In i last transactions reported were 'around five cents per pound as compared with the last pre ceding tales. Unsettled conditions resulting from the war and slowing up of export business and shipments be cause of uncertainty regarding ean shipping, were important tuences in the dull and inactive market situation. Oregon markets developed a weaker tone in the moderate transactions reported the past Qik. Trade reports indicate sale of a carload of 1941 crop regular seeded hops at 35 cents per pound, which compares with values around 40 cents per pound for the same type during other recent ,' Weeks. While there were no actual transactions reported in 1941 crop ' seedless hops during the week, it was generally believed that : values on this type would show approximately the same decline, as was registered in seeded qual ities. The decline was generally at tributed to offerings by some do mestic dealers of their holdings, rather than any selling pressure from growers. Values on 1942 seeded hops on contracts was placed at about 34 cents, based . on .last transactions for this type in this state during the period. , Prices on 1942 crop seedless hops as indicated by the last con tracts written the past week, were at 40 cents to 42 cents per pound ' to growers, or about unchanged from values reported for the pre vious week. Washington markets were firm although demand and trad . ing was limited. Late in the period sale of around 250 bales :: of 1941 crop regular type hops ' was reported in the Yakima valley area at 35 cents per pound to growers. Dealers Were reported bidding around 34 cents per pound for contracts on 1942 crop seeded hops. All 1941 crop hops are re ported out of first hands in the Puyallup valley district of west ern Washington. Some contracts have been written recently in that area at 33 cents per pound to growers for 1942 crop fuggles, with additional offers being made ' at 32 cents to 33 cents per pound for this type. uaiiiornia nop markets were ' diu but maintained a steady tone with light offerings tending to offset the slow demand. No sales by growers were reported in the principal producing areas but prices were quoted nominally un changed compared with other re - cent weeks. : With stocks in first hands re duced to levels well below average ; of other recent years, growers generally were not pressing re maining supplies for sale and were mostly asking at least as high prices as bid earlier in the sea- - son. bn the other hand, domestic dealers and industries generally were filling current needs from stocks accumulated earlier in the year and export trade was re stricted because of war conditions. At the close of the week, the market on 1941: regular seeded hops generally was placed at around 36 cents-38 cents and 1941 "Seedless hops at 50 cents per ; pound. 1 No further contracts cov ering 1942 or later deliveries ( were reporteij. Growers generally were 'hesitant in making aditional com ; mi orients because of uncertainty as to production costs and sup- : plies of wire, burlap and ; twine. At the same time, most dealers r were waiting for more 'settled " market conditions before making further commitments. The New York hop market ! maintained a quiet bat firm tone, and prices were Steady and unchanged.! Some contract ing was reported in California and Oregon at I 34 cents ! to 35 cents per pound. Foreign hops were dull and nominal. On Jan uary 7, regular ; 1941 west, coast hops were quoted to the : trade at New York at 47 cents to 49 cents; seedless at 58 cents to 60 cents; 1949 regulars at 38 cents to 4V cents: and seedless! at 4S cents to 50 cents per pound. Stocks and Bonds - January ilj --I'f 1 Compilde by The Associated Press ' 4 STOCK AVERAGES . ' 3 ' IS M SO .;.;. et change Di A .4 A.l Unch Friday . 5.43 16S 26 2 37.8 Previous day - 54.8 13.8 M.l 37.8 ; Month ago 54.1 13 8 36.5 38.9 Vf 8(0 634 , 17.7 35.4 43.0 1941-42 nigh 83.9 19 8 , 35.5 ' 45.0 1X1 low 51.7 13.4 24.3 35.4 UOXD AVERAGES 29 10 10 10 Sails Indus Util Frgn ffrt change a . v j uncn a ftuimr .. 63.3 102.7 100.5 43.9 102.9 100.9 - 43.7 l-rvt'rti Omf 62 9 59 2 103S 99.4 41.8 Yrf eo ) -41-42 high 63 8 . 1051 101.2 40J . S9.5 It 4. 102.2 51.4 . 58.3. 102.7 98 J ! 38 J) AthYiilonal Market News On Va& 9 Show Weaker Rule Changes; Election Set By Growers WOODBURN The Woodburn Fruit Growers Cooperative asso ciation will hold its annual meet ing in the Woodburn high school auditorium today at 10 a. m. A. M. Vistica, chairman of the association, said the forenoon would be taken up with routine and new business would be taken up in the afternoon session. There are two directors to be elected, each for a three year term. Terms of Charles Dean and A. M. Vistica expire. Other di rectors are Ted Van Dyke, St Paul, John Coleman, O. L. Davis, Charles Sweaney and I M. Erickson. Changes in certain rules of the association will also be brought up for discussion. Closing Quotations NEW YORK, Jan. 9-iiT")-Todays closing quotations: Air Reduction ....37 Great North 23 Proc & Gam 51 Alaska Juneau 2 Greyhound Al Chem & Dye 145 Illinois Central ..7 Pullman 25 All is Chalmers .... 29 Insp Copper ...10 Radio 2 American Can ....61 Internat Harv ..56 Republic Steel ....18 Am Car & Fdy ..31 Internat Nickel ..27 Richfield Oil 8 Am Rd & Std Stn 4 Inter P & P Pfd 59 Safeway Stores 41 Am Roll Mills ....11 Inter Tel & Tel iy8 Sears Roe 53 Am Smelt Sc- Rf 41 Johns Manville ..57 Shell Union 12 Am Tel & Tel 125 Kennecott Amer Tobacco B 49 Iabbey-O-Ford Am Water Wks ..3 Lockheed Amer Zinc L & S 4 Lowe's Anaconda 27 Long-Bell A , 3 Stan Brands .. 4 Armour Illinois ....3 Monty Ward 26V Stan Oil Calif 0 Atchison 29 Nash Kelv 3 Stan Oil Indiana 25 Aviation Corp 3 Nat Biscuit ...,...15 Stan Oil NJ 39 Baldwin Loco ....14 Nat Dairy Prod 14 Studebaker 4 Bendix Aviation 37 Nat Distillers ....2iy4 Sunshine Mining 5 Bethlehem Steel 63 National Lead .15 Texas Corp .36 Boeing Airplane 19 NY Central 9 Trans-America 4y- Borden 20 N Amer Av 13 Union Carbide 69( Borg Warner . 22 North Amer Co ..10 Union Oil Calif ..13 Calumet Hec 6 North Pacific 5 Union Pacific ...69 Canada Dry 11 Ohio Oil ... 7 United Airlines -10 Canadian Pacific 4 Otis Steel 6 United Aircraft -34 Caterpillar Trac 41 Pac Amer Fish -..8 United Drug 5 Douglas Aircraft 66 Pac Gas & Elec 19 United Foods 67 Du Pont De- N 135 Pac Tel & Tel .98 US Rubber 16 Eastman Kodak 137 Packard .... . 2 US Rubbei Pfd -68 Elec Pow St Lt ....1 Pan Amer Air 15 US Steel 53 Gen Electric 27 Paramount Pic 14 Vanadium 19 Gen Foods . 39 V J C Penney 75 Warner Pictures ..5 Gen Motors 32 Penn RR 21 Western Union .24 Goodrich 14 Phelps Dodge 30 Westing Elec 78 Goodyear 11 Phillips Pet . -38 Wool worth .27 Quotations at Produce Exchange PORTLAND. Ore.. Jan. 9 CAP) Butter prints: A grade 39ic in parch ment wrappers, AO'ic in cartons; B grade 38',ic In parchment wrappers, 39V2C in carton. Butterfat l"lrt quality, maximum .6 of 1 per cent acidity, delivered Port land, 39',i-40c lb.; premium quality (maximum of 35 of 1 per cent acidity). 40'a-41c lb., valley routes and country r lints 2c less or 38c; second quality cents under first or 37', 'a -38c. Eggs Prices to producers: A large 33c; B large, 31c; medium A, 31c; medium B, 30c; B, small, 24c; A. small 28c Resale to retailers 4c higher for cases, cartons Sc higher. Cheese Selling price to Portland re tailers: Tillamook triplets 28c lb.; loaf 29c lb. Triplets to wholesalers 26c lb.; loaf 27c lb l.o.b. Tillamook. Portland Livestock PORTLAND, Ore., Jan. 9 (AP) (USDA) Hogs: Salable 100. total 650. Barrows and gilts Gd..ch, 140-160 lbs. . 11.50 12 .25 do 160-180 lbs. 12.00 12.65 do 180-200 lbs. , 12.50 12.65 do 200-220 lbs. 12.60012.25 do 200-240 lbs. ,,,, , 11.85 12.50 do 240-270 lbs. 11.75 12.25 do 270-300 lbs. ..- 110 12.00 Feeder pigs, gd-ch, 70-120 11.00011.75 Cattle: Salable and total 50. Steers, gd. 900-1100 lbs 12.00013.10 do med. 750-1100 lbs. 10.75 12.00 6.50 10.75 11.2511.50 9.75 11.25 8.000 9.75 9.00 9.50 7.759 9.00 6.25 7.75 SJ2S& 625 9.50 (S 10.00 9.250 9.75 8.250 925 13.00 14.00 9.00613.00 do common,- 750.1100 lbs. Heifers 750-900 lbs i , do med, 500-900 ibi. do com, 500-900 lbs. , Cows, good, all wts. ,, ,, ao roi, au wts. do cut-corn, all wts, do canners. all wts. Bulls (yearlings excluded). beef, good aU wts. . do sausage, good, all wts do saus, med. aU wts. Vealers. gd-ch. all wts. do com-med, all wts. do cull. aU wts. 7.0O6J 9.00 Calves, ed-ch. 400 lbs. dn. 10.50012.50 aU wts , 7.50010.50 do cull 40 lbs. dn. - .... 6.00 7.54 Sheep: Salable 0, total 50. ! Ewes (shorn) gd-ch . 525 05 M do, com-med , 3.000 523 Lamb I gd-ch - 11.50012.09 do med-gd. 10.5001125 do common , i , 8.75(1025 Portland Grain PORTLAND. Ore., Jan. S (AP-4 Wheat: Open High Low Close May s.,.1.02 1.02 1.02 l.OS.j Cash grain: Oat No. S, 38-lb. white, 38.50. Barley. No. 2, 45-lb. BW, 33 JO, Flax, No. 1. S.04tt. Cash wheat bid: Soft white. 97',4t soft white excluding Rex, 99; white dub. 1.01: western red. 99. I I Hard red winter: Ordinary, 98t: 19 per cent, 1.01: U per cent. 1.09',i; 12 per cent. 1.1414- i I Hard white Baart: Ordinary. 1.12; 10 per cent. 1.15; 11 per cent, ill; 12 per cent, 125. : j.i !.. , Today's car receipts: Wheat. 6: bar ley. 2; flour, 1; corn, 2; oats, 1; hay, 9; nullfeed. 1; flaxseed, 0. Portland Produce PORTLAND. Ore Jan. 9 AP) Country meats Sell in)? price to retail ers: Country killed hogs, best butchers, 129-1484S-164c; light thin, 13-16c; vealers, fancy 20-21c; heavy, 14-17c Ib4 lambs 19-20c; ewes to 10c; food . ; WANTED Walnut meats.1 and Filbert nests. Cash en delivery. High est price, i , - MORRIS KLORFEIN ' Packint C 169 N. Front , TeJ. 7633 "Strictly Private' Mgjg ' Z s. TDUGU OH A GLVFTB? WiDi WES K303UT 3UST SW5HN6 P. SO ALL X eor co is APPntma L... 12 Vi Pub Serv NJ ..13 35 Socony Vacuum 8 21 Sou Cal Edison 20 23. South Pacific 13 ; 37 Sperry Corp 30 Portland cutter cows, 12-12,&c; canner cows, 12 12', c; bulls. 14-15c lb. Dressed turkeys Selling price: Hens 28-29c; toms. 25 -26c lb. Buying prices: Toms, 24c lb.; hens, 26-27c lb. Live poultry Buying prices: No. 1 grade Leghorn broilers, under Hi lbs., 18c; over Hi lbs 18c; fryers 2'i-4 lbs., 19'ic; roasters, over 4 lbs., 19',ic; colored hens. 18c; Leghorns, under 3',i lbs.,16c, over 3j lbs. 18c, old roosters, Sc lb. Onions Oregon nominal, 1.50-1.60 50 Ib. sack; Yakima, 125-10; Yakima Peas: California, 14c. Peppers Local green S2 orange box; red. 60c box; California green 12'4-13c. Potatoes White locals, 2.00 cen tal: Deschutes Gems. 2.75 cental; Klamath Falls. 2.79. Yakima No. 1 gems, 2.75. Hay Selling price on tracks: Alfalfa No. 1 $20; oat-vetch. $14 ton; Willam ette valleia clover, $12. ton; tim othy, eastern Oregon, $21.50 ton. Mohair 1941. 12-month. 45c lb. Nuts Price to wholesaler: Filberts: Barcelona, jumbo 21c, large 18ie. fancy 17c, baby 16',ic !b.; Duchilly. jumbo 20c, large 19c fancy '8c lb. W a 1 n ut s Prices to wholesalers: First grade Franquette, . jumbo. 22c; Urge 20c; medium 18c; baby 15'ic; soft shell, jumbo jnone; large 19c; mMlnm 17or hahv 1 AlLi rw iur ... jumbo none: large 20c lb.; second' grade Franquette, large 18c: medium kc; Daoy lac in.; son shell, large 17c; medium 16c; baby 14c lb. Wool 1941 clip, Oregon ranch nom inal 32 -33c lb.; crossored. S4-37c lb. Domestic flour Selling price, city ucuvcry, t roa DDI. rots: xamuy pat tents. 49c. 7.35-7.95; 98c, 740-7.70 bbl.; bakers hard wheat net, 5.75-6.50; Dienoeo nard wheat 5.85-6:30: soft wneai 0.90: DiuesTem 0 00-6.50. Hops 1941. 40c: 1942 contracts, 33c Cascara bark 1940 peel 10e lb.; 1941 10c lb. Wool in Boston BOSTON. Jan. R APiTTen The Boston wool market was quiet. .-vB3iunu sates 01 graaed tnree eighths blood combing territory wools were made at 96 to 98 cents, scoured basis, and quarter-blood combing wools brought mostly 92 to 93 cents. Fine French combing length fine terri tory wools sold In limited quantities iSL?0 J-J112' wed basis, and half-blood French combing wools sold at 81.06 to $1.08, scoured asis. Produce Stock Low ; - PORTLAND, Jan. -iSyper-haps the smallest stock ever seen on the East Side Farmers' Whole sale market for trade was shown Friday. Root vegetables were scarce and sold quickly around 70-75 cents lug for carrots, parsnips and rutabagas. No bunched stock was available. Some cabbage, chiefly damag- Dr.Y.TXaa. N J, : Dr.G.Chaa. NJ. DR. CHAN LASI Chinese Meoicras Co.: til NerUi Uberty if Prtairs Portland General Elee. Ce. Office cpea Tuesday aa Saturday nly 1 a. m. to 1 . m.; I to t p. m. ConsultaUoa, Blood pressure sad arfcaa tests are free of charge. 2S Years la Business - - yi. -it By Quinn Hall EM TD CAW? A THOUGH AHD 1VC AN'T W W A VCft ICOKttiS "TOED VObrl P5AU 9 ed, was offered at $1.50-2.00 crate. A small supply of red cab bage went at 75 cents cantaloupe crate and a few small crates of curly cabbage brought 50 cents. Local potatoes went at $2 cen tal for limited stock. Some green onions were 40 cents dozen bunches. California produce was much delayed and that row in the mar ket was almost deserted.; THE LONE RANGER w -a "i A$ TONT0 QUICVIY 9DKTEPS, WS ADVEKWZY PITCHES. OVER THE CUFF- TO THE RXK BELOW. POLLY AND HER PALS LITTLE ANNIE ROONEY ruts 15 II PARTIES AR- SO EXClTlNe, ) ( ASH AR&UIN& PO TICS WITH V RfGHT" ONE r3 ) &fH T) - DONT SOU . AMR.PCRKINS. 1 TELLVOU iTfe , ) VfJ A NlT ANOTH' Ajn o ' LAJ!6Ul ELATTTl OYTSy '' MICKEY MOUSE First Come. First Served! .j f By WALX DISNEY '-'it Ml HS EISrTl nfPSifl mm, 1 1 II "A X7 - i im . r THIMBLE THEATRllarrlna Pow Shortage of Labor Likely Pasture Suggestions Made to Overcome Equipment Lack i Farmers will need to do some early planning to meet the short age of labor ; and equipment for the coming year's harvest season, reports W. G. Nibler, assistant county agent. Pasture for all kinds of live stock is one of the best ways to reduce labor and it should be used to the fullest extent. Pas ture for dairy cows reduces labor one half over harvesting crops and feeding them, Nibler said. Hogs ''can get part of their feed from pasture; alfalfa and rape are the best and crimson clover is good. Pasture takes the place of protein supplement. Hogs make more gain with less grain and with good pasture. The most important point about pasture is getting it Plans should be made for a year round pasture program as far as climate will permit. Marion county climate is such that a long pasture season is available even, without irriga tion if the proper sequence of crops is used, says Nibler. As an illustration of crop and sequence crimson clover and rye grass or winter barley or winter rye are crops furnishing pasture now and up through March. From April to July clov ers and alfalfa are growing along with grass pasture. In August un til fall rains, Sudan grass or spring seeded grain or rye grass and crimson clover furnish pas ture. There are other combinations a PORmAtr l rf MEAUS THE MAVSE TOUR HEAPS ARE HARDE THAN THAT woitAOOF USfNu VORSVM CCHU5. WAMlUCeJ HAD OU? OVM GOVERW- HE ITOUNOED OtS? '-! I ft. XV FISCAL. ur99 The 4 A UJEU- TOMS- HWE Fun lutth ; OSCAR. of crops which can be used to fit different conditions;' and soils. Suggestions for pasture succes sions aire available through the county agent's office in the post office ; building, Salem. i Hogging or sheeping off, which is also a form if pasturing, helps keep down labor. Crops fine for this purpose are peas for early summer and corn for late sum mer. Using both, ' a very early variety of corn such as Wise 355 or Eureka yellow dent and a medium maturing corn such as Wise. 525 or Minn. 13 will spread out the period when corn is available. Salem Market Quotations 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 Brussels sprouts, flat Cabbage 1.25 2.00 .50 1.50 2.50 J8 .02 2.00 .50 3.00 JSO J60 carrots Cauliflower, crate Celery, green Garlic, lb. Hubbard squash Onion, 60 lbs. Onion; green Potatoes. 10 lbs.. No. 1 new Potatoes, No. 2, 50 lb. bag Radishes, doz. GRAIN, HA! AND SEEDS (Buying Prices) ; Oats. No. 1 1 ; 30.00 31.00 to 32.00 Feed barley, ton Clover hay, ton . 12.00 Alfalfa bay, ton 14.00 to 18.00 ; 1.75 , 2.25 . 2.30 . SO to 1X0 Dairy feed, 80-lb. bag. Ben scratch feed Cracked corn Wheat . EGGS AND POULTKT (Buying Prices of Andreten'i) (Subject to Change Without Notice) BCTTERfAT Premium .41 i No. I .404 No. 3 .37 i BUTTER PRINT. (Boy tog Prices) A : B .40 9 .41 3 .33 0 M JS .18 Quarters Extra large white -Extra laree brown Medium Standard colored hens" Pullets . It's Only the Becjnnincjl now Hunrv.iDNTCi OUR ROPES, WE'LL FORE TY KE6A1N Mrs. Perkins Goes Witty I The Wisiful Thinier. HAHDUm OFMSNEY mm MCMT AiAKE TXXIAQ& wunc? wu ecu o ial---B f i-to Afir-iral Sticks out His Neck." IDEA COME-. -LUG k3KJ A UTTLE ; ESS9. ii-2si i fro i MWGOSH.'--0JHAT.) MAPPEWED TO S 59i Stock Market Rally Rails, Speaalties Advance biil Others Stagger Along NEW YORK, Jah. 9 -Wh The stock market whipped , up a nice rally in rails and specialties Fri day but permitted; many leaders to struggle helplessly in lower territory. 1 The carriers had all the best Colored frys White Leghorn as jj jOS ujq roosters (Baying Prices or ssrtos Creamery (Subject to Change i Without Notice) BUTTERFAT i! . Premium .41', 4 No. 1 ; - .40' i No. 2 ' ; JS6, Euul Medium A . Medium B Medium A Medium B Pullets JSO -6 .27 J9 20 J7 J7 J JS J3 M Checks Colored hens - Colored fryers Leghorn fryers Leghorn hens stags Old roosters No. 2 poultry AS less. LIVESTOCK (Buying prices for No. 1 stock, based on conditions and sales reported up to 4 pun.) Top lambs 11.00 to 11 JO Ewes i 4.00 to 8.00 Hogs, top, 160-225 lbs. ... 12.50 Sows ; ; 9.50 to 10..00 Veal, top 12.00 to 12.50 Dairy type cows 1 6.00 to 7.00 Beef cows : , 7.00 to 8.00 Bulls 8.00 to 8.00 Heifers tQ to 8.00 Dressed real ;. as BOPS (Baying Prices) Seeded 1943 contract : ' Seedless ' 5 .42 .40 3 .45 WOOL AND MOBAl Wool Lambs Mohair err out bkealt ioafe and cut 6ET T5 CK0OMS TiEP BE C0N6G0U6NES5 IT tS AIMIW3 A CED IETTTR CCHEBTUEPOfirKAtTOFA fAAAOUSOBPHAHFOGOUt? CXZPHAK5' HALL CrFAMC , ORAMAMZroStOtSf J 1 T mcooos -l l w V..-, " , ; , MAIN PART I- T 7 HtV. UlCMW ' r 1 - - : r . ' - CP THAT 1 UJILL Vygy Jf) AW BUILD UPn&?Si of It at ! the start and the ma jority Imished not far from the tops of jthe day. Final advances of fractions to about 2 points were well distributed at the fin ish although numerous losses of equal amounts made for; consid erable Irregularity. The Associated Press average of 60 stocks was unchanged at 37.8 after three successive; declining sessions. Activity expanded at in tervals but slowdowns were fre quent Transfers totalled 654,490 shares compared with 532,900 the day before. Prominent on the advancing side were Santa Fe, Union Pa cific, Great Northern, Pennsyl vania, Wes-nghouse, America Smelting, Phelps Dodge and Johns-Manvile. Sight improve ment was retained by U. S. Steel, Bethlehem, Consolidated Edison, American Can and Goodrich. American Telephone dropped nearly j points in the first hour but came back to end with a net loss of Only H. In the rear ranks were East man Kodak, Allied Chemical, Dow Chemical, Union Carbide, J. C. Penney, Sears Roebuck, U. S. Rubber, Texas Co-, Standard OU (NJ), Du Pont, J. I. Case and Douglas Aircraft Try ast ef Chines remedies. Ansing SUCCESS for 50M years la CHINA. Ne matter with what ailment yea are AFFLICT ED disorders, slwasitis, heart, long, liver, kidney t, stomach, gas, constipation, nkers, dia betic, feTer, skin, female com plaints - Charlie Chan Chinese Herb C. Office Honrs OaJy Taes. and Sat- t ajn. to p.m. and Son, and Wed- 9 Lffl to 19:39 112 N. Com 1. St, Salem, Or, By FRAN STRIKER ! By CLIFF STERRET By BRANDON WALSH" 1 0 II ro soon to m i t maw m i ITWS0U6M HESE, WEtt; LIE IT T TWO OP (j j I CO SACSi TO If Wild WW 1 "TKSHAmZ OF SOME NEK ORFWAM (TAAAKL3 MM FEEL GOO ALL OVEtZ-GEHGkJ1.lSurrKHEiJ ! 1 A-t T - TO Tell MR. OLNEJ? j- a - ' & rO