The Oregon statesman. (Salem, Or.) 1916-1980, January 16, 1942, Image 14

The Oregon statesman., January 16, 1942, Page 14, Image 14

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Newspaper Page Texti Markets 11CS PAGE FOURTEEN The OREGON STATESMAN.! SALEM. Oregon, Friday Morning, January 16' 192 Farm Finaucia Co Stock Market Breaks Even Selling Retards Tries For Recovery; Trends I Fail to Materialize NEW YORK, Jan. 15-iJPf-lt was a fairly well balanced stock market Thursday with small Sains and losses sprinkled through most departments. While selling was never urgent, there was enough of it to retard recovery attempts elsewhere. The list lacked a definite direction at the start and, at the close, trends still were befogged. The Associated Press average of 60 stocks was unchanged at 38.3. Dealings were negligible throughout and transfers of 446, 770 shares compared with 610,100 Wednesday and were the small est since Oct. 14 last year. American Telephone was one of the few bellwethers to lose more than a point. While this company's estimated 1941 net more than covered the $9 an nual dividend rate, it was under that of 1940 and some offerings were attributed to fears taxes and rising costs of operation would affect the current year's -earnings. Steels again were a trifle de pressed by the threat to produc tion of the growing scrap short age. Rails held to a, slim groove despite a more than seasonal drop in last week's freight load ings. Plans to ration passenger automobiles brought scant re sponse from the motors. Stocks finishing moderately ahead included Standard Oil (NJ), Texas Co., Westinghouse, Union Carbide, Eastman Kodak, American Smelting, Montgomery Ward, General Motors, Interna tional Harvester and US Gypsum. In arrears were US Steel, Bethlehem, Chrysler, US Rubber, Santa Fe, Southern Pacific, Ana conda, Kennecott, Douglas Air craft, United Aircraft, Boeing, DuPont and American Can. "Strictly Private" By Quinn Hall Final Date for Insurance on Wheat Slated Final date for taking out a fed eral all-risk crop insurance pol icy on spring wheat is February 28, Clyde Kiddle, crop insurance assistant at the state AAA office, has reminded Oregon spring wheat growers. - County offices in spring wheat areas will shortly be staging in tensive campaigns calling grow ers' attention to the new note pay ment plan, Kiddle said. Under this plan, the premium can be de ducted from any indemnity the farmer might receive, or from his AAA payment or wheat loan, whichever is made first. These notes mature August 18, 1942, and can be paid in wheat or cash any time before that. Winter wheat production on more than 5000 farms is already covered by crop insurance this year, Kiddle said, predicting a record year from the point of number of policies in effect. U.S.ASACf RBCRSATIOM COLTER. CAMP WW. tAR MCM'-- OUE. OF THE UCSIESSES GKED ME F THE FU4 m M GEITIM, AND WLL GT,M MY BOXMS CCEqS MIGHT CHANGE. MV lttS..TH'SM&f MY AAANA6EC, TOO HER WOT ID WORRY YOUR SOU SAID WJYTVUN6 LUCE "WATtfesmy AP Ftatunt 15 Closing Quotations NEW YORK, Jan. Air Reduction ....35 Mi Alaska Juneau ....2k Allis Chalmers ..29 American Can ....63 34 Am Car & Fdy ..3 Hi Am Rd & Std Stn 4 Am Roll Mills ....11 Am Smelt & Rf 42 Am Tel & Tel ..127 Am Tobacco B ..49 Am Water Wks ....3 Am Zinc L & S . 5 Anaconda 28 Armour Illinois ..3 Atchison 30 Aviation Corp 3Ti Baldwin Loco ....14 Bendix Avia 3814 Beth Steel 64 Boeing Air 19 Borden 20 Borg Warner 22 Calif Pack 19 Callahan Z & L ..lYs Calumet Hec 6 Canada Dry .1 114 Canadian Paei 4 Caterpillar Trac 39 Celanese 20 Chesa & Ohio ....36 Vs Chrysler 48 Commer Solvent ..9Vi Consolid Air 19 Consolid Edison 13 Consolid Oil 5 Continental Can 25 Corn Prod 54 Crown Zeller ll1 lS-fiT-Today's closing Curtiss Wright 8 Douglas Air 67 Du Pont De N ..134 Eastman Kodak 137 Y Elec Pow & Lt ... iy4 Gen Electric 28 Yt Gen Foods 38 Gen Motors 33 Goodrich 14 Goodyear 12 Great North 23 Greyhound 12 Illinois Central ....7 Insp Copper 12 Inter Harvest ....48 Inter Nickel 27 Int P & P Pfd ..59V4 Inter Tel & Tel ... 2 Johns Manville ..59 Kennecott 36 Libbey-O-Ford ..22 Monty Ward 28 Nat Dairy Prod ..14 NY Central 9 North Am Av ....13 North Am Co ....10 North Pacific 5 Ohio Oil 8 Otis Steel 6 Pac Gas & Elec ,.19 Packard 2V4 Pan Axner Air ..16 Paramount Pic ....14 J C Penney 72 Penn RR 22 Phelps Dodge 31 Phillips Pet 41 quotations: Proc & Gamble Pub Serv NJ ... Pullman Radio .. ............. Rayonier Rayonier Pfd . Republic Steel ... Richfield Oil . Safeway Stores . Sears Roebuck ... Shell Union Socony Vacuum Sou Cal Edison . Southern Pacific Sperry Corp Stan Brands Stan Oil Calif ... Stan Oil Indiana Stan Oil NJ Stone & Webster Studebaker Sunshine Mining Texas Corp Trans-America . Union Carbide Union Oil Calif . Union Pacific United Airlines . United Aircraft United Drug ..... United Foods . US Rubber US Steel Vanadium Warner Pictures Western Union ... Westing Elec Wool worth .. ..51 ..13 ..25Ya ....2 -10 ..25 .18 ...9 -41 53 .13 -7 .20 12 ..30 ...5 -20 26 ..40 .-5 ...4 -5 -38 -4 -71 ..13 ..72 34 ...6 .71 .17 54 20 -5 .26 80 28 Quotations at Portland Produce Exchange Woodburn Fruit Growers Elect, Give Reports WOODBURN Jess Fikan and Charley Dean were elected direct or of the Woodburn Fruit Grow ers Cooperative association at the annual meeting held in the Wood burn high school auditorium Sat urday. Dean succeeds himself in office and Fikan replaces A. M. Vistiea. who has been head of the organ ization for the past year. The annual report of the associ ation showed total disbursements of growers during 1941 amounted to $95,220.10. Other items includ ed repair of warehouse roof $285. 75; paid to berry control boards, $389.77; revolving fund certificates $5.67; operating expenses $2889.93. A summary of the 1941 crop was given with totals as follows: 1,901,824 pounds of fruit produced; $99,134.69 received from buyers; $420.44 paid to control board; $3984.43 paid into general fund as the 4 per cent handling charge and $95,220.10 distributed among the growers. Stocks and Bonds January 15 ; . 30 13 IS ' 60 ..Unch Unch Unch Unch . 55.1 16.5 26.6 . 38.3 . 93.1 52 6 62.0 Net Change Thursday Prev. Day Month Ago Year Aea lim-U HlgB 63.9 1841-42 Low 51.T 165 13.6 16 8 19.0 13.t BOND AVERAGES , 20 10 . - Rails Indus Net Change D1 DJ Thursday , 63.6 10S 0 Prev. Day 63.8 103.1 Month Ago 58 103.3 Year Age . 63.1 105.0 1841-42 High. 66.5 105 4 1941-12 Low , 58J 102.6 26.6 38.3 25.4 36.0 33.2 43.1 35.5 45.0 24.5 35.4 10 Trgn Unch 44 44.2 41.6 40.4 51.4 36.0 10 . UtU D.1 100 2 100.3 09.8 101 102 8. ! ; WANTED ? Walnut meata and filbert meat. Cash on delivery. High, est price. MORRIS RLORFEIN Picking Co, 4S9 N. Front ' TeL 7(33 PORTLAND. Ore.. Jan. 15 (AP) Butter prints: A grade 401,ac in parch ment wrappers, 41'ic in cartons; B grade 39 '2c in parchment wrappers, 40'aC in carton. fcSutterlat First quality, maximum 6 of 1 per cent acidity, delivered Tort- land. 40l40''2C lb.: premium quality (maximum of 35 ot 1 per cent aciauy. 41-41'ic lb., valley routes and country pescts 2c less or 38" ic; second quality 2 cents under first or 38'jc. Eggs Prices to p.-oducers- A targe 32c; B large. 31c; medium A, 30c; medium B. 30c; B. small. 24c; A. small 26c. Resale to retailers 4c higher for cases, cartons 5c higher. Cheese Selling price to Portland re tailers: Tillamook triplets 28ic lb.; loaf 29','aC lb. Triplets to wholesalers 28,ic lb; loaf 27'ic lb. f. o. b. Tillamook. Portland Livestock PORTLAND, Ore.. Jan. 15 (AP) (USD A) Hogs: Salable 450, total 2100. Barrows and gilts Gd.-ch, 140-160 lbs. 11.0011.75 do 160-180 lbs. 11.50412 00 do 180-200 lbs. do 200-220 lbs. do 220-240 lbs. :. do 240-270 lbs. do 270-300 lbs Feeder pigs, gd-ch, 70-120.... Cattle: Salable 150, total 11.85 12.00 11.75012.00 11.35011.75 11.1011.50 10.8511.25 11 25 a 12.25 225 Steers, gd. 900-1100 lbs. ... 11.7S12.75 do med, 750-1100 lbs - 10.50 11.75 do common, 750-1100 lbs. 8. 50 & 10.50 Heifers 750-900 lbs 11.00 11.25 do med. 500-900 lbs. 9.50 11.00 do com, 500-900 lbs 8.00 9.50 Cows. good. aU wts. 8.756 9 25 do med. aU wts. 7.50 8.75 do cut-corn, all wts 6.75 7.50 do canners. all wts 5.50 6.75 Bulls (yearlings excluded). beef, good all wts. do sausage, good, all wts do saus, med. all wts. do cut-corn, all wts. 9.50010.00 9.25 9.75 8.25 0 9.00 6.50 8.25 Vealers. gd-ch. an wts. 13.00 i 14.00 do com-med, all wts. do cull, all wts. Calves, gd-ch. 400 lbs. dn. an wts do cull 40 lbs. dn Sheep: Salable 100. total 150. 9.00 13.00 7.00 9.00 10.50 12.50 7.50 10.50 6.000 7.50 Ewes (shorn) gd-ch do, com-med Lambs gd-ch do med-gd. do common 52305.90 3 00 5.25 11.759 12.25 10 75 11.50 8.50 10.50 Portland Grain PORTLAND, Ore.. Jafe. 13 ( Wheat; Open High Low Close May . 1.03s 1.03t 1.03s 1.03', Cash graia: No. 1 flax 2.09. Others unquoted. Cash wheat ibid): Soft white 1.01'i; soft white excluding Rex 1.03; white club 1.04',i; western red 1.03. Hard red winter: Ordinary 1.02; 10 per cent 1.04'i; 11 per cent 141; 12 per cent 1.16. Hard white Baart: Ordinary 1.13; 10 per cent 1.17; 11 per cent 1.23; 12 pet cent 17. Today's car receipts: Wheat 11; bar ley 3: flour 12; corn 6; hay 2; mill, feed i Portland Prod ace PORTLAND. Ore, Jan. 15 (AP) Country meats Selling price to retail era: Country killed hogs, beet butchers. 129-148, 16V,c; light thin. 14-18c; vealers. fancy. 20-21c; heavy. lS-Mc lb.; lambs. ', 20c: ewes to 10c; good cutter cows,14-15c; canner cows. . 13 14c: bulls. 15.16c. lb. Dressed turkey Selling price: Rent 28c; toms, 28-29c lb. Buying prices: Toms, 27c lb: hens, 26 27c lb. Live poultry Burma prices : No. 1 grade Leghorn broilers, under lMi lb, 18c; over Hi lbs.. 18e; fryers 2i-4 lb.. 20c: roasters, over 4 lbs 20c: colored hens, 20c; Leghorns, under 3k lb. sack; Yakima. 1.50.1.65. Peas: California, 14c. Peppers Local green $2 orange box; red, 60c box; California green 12',i-13c. Potatoes White locals, 2.25 cen tal: Deschutes Gems, 2.85-3.00 cental; Klamath Falls. 2.85-3.00. Yakima No. 1 gems. 2.85 cental; Idaho Gems, $2.85 cental. Hay Selling price on tracks: Alfalfa No. 1 21.00; oat-vetch, (14 ton; Willam ette valley clover, 812. ton; tim othy, eastern Oregon. $21.50 ton. Mohair 1941. 12-month. 45c lb. Nuts Price to wholesaler: Filberts : Barcelona, jumbo 21c, large 18c, fancy 17'ic baby 16'jC !b.; DuchUly, jumbo 20c. large 19c fancy '8c lb. Walnut s Prices to wholesalers : First grade Franquette, iumbo, 22c; large 20c; medium 18c; baby 15ic; soft shell, jumbo .none: large 19c; medium 17c; baby 14'4c lb. Mayette, jumbo none; large 20c lb second grade Franquette, large 18c: medium 17c; baby 15c lb.; soft shell large 17c; medium 16c; baby 14c lb. Wool 1941 clip. Oregon ranch nom inal 32-33C lb.; crossored. 34-37C lb. Domestic flour Selling price, city delivery, 1 to 22 bbL lots: family pat tents, 49c. 7J5-7.95; 98c, 7.10-7.70 bbl.; bakers' hard wheat net. 5.75-6.50; blended hard wheat 5.85-8:30; soft wheat 5.50: blues tern 6 00-6.50. Hops 1941. 40c; 1942 contracts, 33c. Cascara bark 1940 peel. 10c lb.; 1941 10c lb. Victory Garden Parley Attracts Federal Men CORVALLIS, Jan. 15-JF)-Ex-perts of three govennent branches will conier here Saturday on what Oregon can do as its share in the national "victory garden" pro gram. The victory garden campaign will be outlined by William A. Schoenfeld, dean ot agriculture, to delegates attending the state Conference under auspices of the Oregon State college extension service, the department of agricul ture Wr board and the state ci Sfintdefense council. sr . Western Air Travel igures Show Climb Industrial development and population growth of the Pacific coast were much greater than for the eastern section of the United States in 1941 if air travel figures are any: barometer, according to a report .received here by Oliver Judd, station- manager of United Airlines. t v During the year Just past there was a 34 per cent increase in pass enger revenue for the western di vision of United compared with a 20 per cent increase for the east ern division of the company's coast-to-coast and border-to-border system. ' Additional Market News Grain Market Prices Fall CHICAGO, Jan. 15.-f(P)-After a buying movement itimulated by flour demand and Upward re vision of minimum quotations on commodity credit c o r p o r a t i on wheat collapsed in the wheat pit Thursday after prices: had been pushed up about a cent a busheL Profit taking attracted by prices near peaks since 1937 and hedging sales to offset purchases of CCC stocks caused a reaction that carried wheat fcent below previous closing levels at one time. Other grains movtd in sym pathy. At the close wheat was unchan ged to Yt lower compared,? with Wednesday, May $i.31-1.30y8. July $1.32-. The government's minimum prices for old wheat !off ered to commercial interests were raised a cent a bushel but traders point out that this did not necessarily mean actual asking quotations were altered inasmuch as pooled wheat had been quoted at premi ums over minimum figures in some terminals. The ! new CCC minimums, effective until Febru ary 1, are not less than 16 cents above 1941 loan rates ;at termin als and 19 cents above loan rates at -country points. Wool in Boston BOSTON. Jan. 15 (API (USDA) Medium grades of territory wool were receiving some demand at mostly 96 98 cents, scoured basis, today for three eighths bright combing wool and at 92-93 cents, scoured basis, for one quarter blood combing wool. Original bag. fine territory wool running bulk average to good French combing lengin sold at si.io-i.iz, scoured basis. Average to short French combing iciigin, original Dag wools Drougm 1.07-1.10, scoured basis, f 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 . ... 1-23 Cabbage S00 Carrots, orange box 1.75 Cauliflower, crate . 1-50 Celery, green 3.50 Garlic lb. , JS Hubbard squash , -0 Onions, 50 lbs. 2.25 Onion, green -50 Parsnips, orange box l.W Potatoes, 10 lbs.. No. 1 new 3.00 Potatoes, No. 2, 50 lb. bag .90 Radishes, dor. M GRAIN, BAY AND SEEDS (Baying races Oats, -No. 1 Feed barley, ton Clover hay, ton Alfalfa hay. ton Dairy feed. 80-lb. bag Hen scratch feed Cracked corn Wheat 30.00 31.00 to 32X0 12.00 14.00 to 16.00 1.75 1 25 2.30 . SO to 1.00 Ho'gS, top, 160-225 IbsT Sows Veal, top Dairy type cows - Beef cows Bulls 4.00 to 5 00 ; 12.00 0 to 10..00 12.50 Heifers Dressed veal , HOPS (Buying Prices) Seeded 1941 crop 1942 contract - WOOL AND MOHAl Wool . Lambs "-, Mohair 6.00 to 7.00 7.50 to 8.50 8.00 to 9 50 . 6.50 to 100 .19 -3 M .40 1 .45 EGGS AND POULTKt (Buying Prices of An dresen's) (Subject to Change Without Notice) BUTTER FAT Premium . .42 No. 1 .41 No. 2 S BUTTER PRINTS (Buying Prices) A B Quarters Extra large white Extra large brown Medium Standard Pullets Colored hens Colored frys White Leghorn Old roosters .40 'i 39'a .41 i 2 .32 9 9 J8 .18 .18 J3 j05 (Baying Prices of Marlon Creamery) (Subject to Change Without Notice) BUTTERFAT Premium .42 No. 2 . .41 No. 2 9 EGGS Large A Large B . Medium A . Medium B Pullets Checks and under grades Colored hens Colored fryers Leghorn fryers Leghorn hens Stags Old roosters .32 -9 9 21 .19 0 J7 J7 J6 J5 .12 JOS No- t poultry US less. LIVESTOCK, (Buying prices for No. 1 stock, based on conditions and sales reported up to 4 p.m.) Top lambs 11.50 Oregon Co-ops Borrow Most Farmers' cooperatives in Ore gon borrowed a total of $5,144,000 from the Spokane bank for coop eratives during 1941, thus lead ing the Pacific northwest states, according to A. C. Adams, presi dent of the bank. Total borrowings for associa tions in the Pacific northwest were $9,885,000, an increase of $4,744,000 over 1940, Adams re ported. Co-ops generally handled a lar ger volume during the past year than for several years, Adams said. Better crops, stepped up production under the food for vic tory campaign, and, in the case of purchasing associations, in creased purchasing power on the farms combined With higher prices, and a large number of as sociations financed all contribu ted to the increase in the bank's loans, he explained. Costs of doing1 business were higher, too, because of increased labor and materials expense. Higher market values of produce also boosted operating capital re quirements of many cooperatives. Seed Industry Growth Noted CORVALLIS, 3an. 15-)-Ore-gons $10,000,000 seed Industry grew to national leadership be cause of a combination of circum stances, Glenn Ritchie, Hillsboro, president of the Oregon Seed Growers' league, told members here Thursday. 4 Oregon's soil and climate, the educational and research pro gram of Oregon State college, the AAA purchase program and de velopment of combine harvesting machinery all were factors, Ritch ie said. fi He warned growers against un wise expansion along certain lines and urged attention to production rotation program and early plan ning for post-war conditions. Machinery company represent atives told the nearly 300 dele gates, who overflowed the conven tion hall, that adequate supplies of repair parts were in sight if orders were placed immediately. Repair quotas have been set at 150 per cent of 1940 output in most lines, the machinery men said, but early ordering ;is essential. Out put of machines will be below the 1940 -levels, but more favorable priorities recently were given for the number permitted. Delegates said plans would be made for use of existing machines at utmost capacity through com munity! inter-change and more continuous operation. Farm Machinery Priority List Now Available A detailed list of materials al locations for manufacture of all types M farm machinery and equipment during the corning year has been received by Robert B. Taylor Adams, chairman of the Oregon USDA defense board. The list, based on the OPM or der restricting materials for man ufacture of new machinery to 83 per ceixt of the 1940 figure, and materials for parts to 150 per cent, will be available at county USDA defense board offices. The;program set up by OPM further emphasizes the need of prompt ordering of parts and nec essary new equipment on the nart of farmers, Taylor said. Distribu tion of what new equipment that is made will probably be on th basis of demand and need, and it is up to farmers to express their needs by ordering now, he ad vised. n There is no personal or business emergency which we cannot help yon meet with a conveniently, speedily arranged loan! Drop Into oar offices for l! STATE FINANCE CO. FOB MONEY IN A HURRY 344 SUte Phone 8261 Lie, S-21S M-222 i 'J THE LONE RANGES Two Against Many! By FRAN STRIKER HKE THEK COME, AU. OP THEM.' J I I ITS THE LONE HE5 TPKIUL AU OF 'EM1 Et fWA t I vl va-Jj?7- I I XOU KE6POOS6 TO THE WALL. THERE'S A WCHB THERE. THAT'LL JVE fOU PROTECTION.. !! j'm POLLY AND HER PALS A Light You Can't Extinguish! By CLIFF STERRET -THAT PEST, HAN KEEPS US A . sT I I "THOUGHT I HEARD VOL) ! Y-. ' TWE A4ANAGER - - BELLOWS BURN.NO OUR UfeHTS ) ( WEUL,HE BRIGHTENS TELUTWE MANAGER OU Lt TEU NSMA "THE RE ) ' - ' ALU NI6HT, FIGURING WAVSr J I THINGS UP AROUND INSISTED ON HANK HAVING J " fV V WAS NO CHANCE OP ' JJy .HERE. BESlDS-y SOMETHING OR OTHER TWE S V OCfN 7 HIS HAVING AN JL S?sL MIrjgFV ' 'Cy . 7; MANAGER SAID HE OOU-DnV J ? 1 V ( AOCIDENT ON I . L TE MICKEY MOUSE Full Steam AheadI By WALT DISNEY Sr-t THE rY YOU, VCUGHT V ME I HAVE T TJ?3? WE TTcmAJ7TY L. - THAT TW AA FEW.T ' 7 AND THE JtcdTy k: ?l ijMJsiSti) ""T-'cwjTESm ' Lj oh, LETS? nut k&u: I WANT TO DO NOW. fo kELA! PHEWIIVE FOU5HT nr A ENOUGH WL,THH DONT LET ME HEAROU ONE OCUXX mif5VJc.it . s -'l If RELAX LATER ! WCVE JUST GOT 71M5 TO CATCH THE '5 TRAIN MLw:jrr : v- home I v n s t . - J I Jl.r - !fe LITTLE ANNIE ROONEY She's a Card The Joker in the Deck! By BRANDON WALSH WlIWfTeeFUW.FIATE UKA VjQOOPCOfA twu kammiww KKTATAT-TATOH THE PLATS WlM MY NOSE BE-CE I COOO ZZSSXZZZS-m KK UPA BEAM ?? I 23 Oi sr uij r" HA, HA, HA, HA mmiM MMMtsssSl kL??aS' WAt iirnrn L.asa is '" y. i it r v -; THIMBLE TliLfiraE Starring Popeye "-And That's No Soft Soap!" , .. - , ; : 1 " : ' s r RCXJKOUPAiA MEKJ Sift K1UOSCARL, I WAM ONK. A a 1 I I THE P0slHOVft hifW-IJ I V KEE-P HER. szm rSPCR v IEVEORMl m n ar s mm a sa mm - i w m a ivi- a - - - . . . uk3-jii. . n n f OUR MAW CUtt-L MOT FBI B UKE THATOF the- UNITED rrXTE,BUT IT' OKIE KIM 5 TrsrST COCO BESIDES Fl-mkl FB? jpc. rrisjrpu jm i srSkrrm fit I I IIIAArr TT TCI i X TV Tv 77 i 7fHEMMEM ?T tHA5 Jl ' - "-. ioc; over 3a ics. lac; on roosxers. 8c lb. Onions Oregon L83-2.00 per 50- On, Page 15