Financial;
Markets
4E
Karm
PAGE TWELVE
Thm OREGON STATESMAN.. SALEM. Oregon. Friday Morning, January 30. 1942
- - -
I
Stock Market
Still Drifts
Soft Drink Issues
Develop Strength,
But Leader Slow
NEW YORlt, Jan. 2M"P)-So"
drink, sugar and a handful of oth
er stocks developed quiet strength
in Thursday's market but many
leaders were unable to shake off
drifting trends.
The direction was irregularly
lower at the start and, while re
coveries crept in here and there
after mid-day, final prices in nu
merous instances were off frac-
. tions to a point or more.
Slackness of sealings through
out was a negatively encouraging
feature, indicating to analysts that
there was no real urge to liqui
date.
The Associated Press average
of 60 stocks was off .1 of a point
' at 37.9. Transfers of 424,105 shares j
compared with 458,700 Wednesday
. and were the smallest since Oc
tober 3 last.
Bethlehem Steel finished Vt
down at 63 and directors, after
the close, duplicated the previous
common dividend of $1.50 a share
and disclosed new earnings for
1941 of $9 a share against $14.04
in 1940.
Coca Cola was up 2 and Pep
si Cola Hi as federal authorities
revived the sugar allocation base
for the industrial use which would
give the soft drink makers about
80 per cent of their 1941 require
ments. Some sugars edged for
ward. Among these were Fajardo,
which touched a new 1941-42 top,
and South Porto Rico.
On the other hand American
Tobacco common and "B" lost a
point or more each and the pre
ferred was off 3 at 1.40, a new
bottom for the past year. f
Southern railway clung to a
minor advance, but Union Pacific
slipped a point.
Shares on .the losing end includ
'ed US Steel, Bethlehem, Chrysler,
Santa Fe, US Rubber, Sears Roe
buck, Du Pont, Westinghouse, An
aconda, J. C. Penney, Western
Union and Owens-Illinois.
On the upside were Lima Loco
motive, American Telephone,
Eastman Kodak, J. I. Case, Gen
eral Motors, Youngstown Sheet
and International Harvester.
Strictly Private"
By Quinn Hall
rv : k - .
PL
PEAK AOMt-
I GUESS I
P&HT FIST
TJ.SJLR-W-.
NX
of one of mv sparring
qjjx rtt swept wm a sack eve.
VDliR sow
pswrrru-
PRO06TD UA
AP Tnurm
Closing Quotations
ureeon iattie
V -v.---;.;- -
Gub Convenes
Here Saturday
Scheduled for Saturday is the
annual meeting of the Oregon Jer
sey Cattle club to be held at the
Marion hotel, Salem, with Dr. U.
G. Dubach, dean of men, Oregon
State college, as principal speaker.
He will give his views on world
conditions and their relations to
purebred cattle and the dairy in
dustry in a talk titled "My Coun
try." The meeting will commence at
10 o'clock with current and fix
ture business discussions, com
mittee reports and yearly accom
plishment reports from the var
ious county clubs.
Walter C. Leth, Dallas, will pre
side as toastmaster during the
banquet1 and entertainment, and
will introduce the guests and
speakers: of the program. Don
Rowland, state president of the
FFA, will give a short talk, as will
Ted Warren, western represent
ative of the American Jersey Cat
tle club.
After Dr. Dubach's address, the
meeting will continue with its
business, followed by election of
officers.; All those interested in
Jersey activities, FFA members
and 4H club members are invited
to the meeting and banquet
Quotations at Portland
Produce Exchange
PORTLAND. Ore, Jan. - AP)
Butter prints: A grade 0',c to parch
ment wrappers. 4Hic in cartons: B
grade i 39 ',s in . parchment wrapper.
40'c in carton.
Buttertat first quality, maximum
of 1 per cent acidity, delivered t ort
land. i40-40',ic lb.: premium quality
(maximum of 33 of 1 per cent acidity
41-41 lb, valley routes and country
rinta 2c less or 38' ic; second quality
cents under first or 37-38c.
Eges Prices to A large
29c- B large 28c; A medium. 27c; med
B 28cv Resale to retailers 4c higher for
cases, cartons ac nigner.
tailers: Tillamook triplets 28 'ic lb.! itoaf
29c Jb. Triplets to wholesalers 28', c
lb; lOU ilViC lo. x. o.. u.
40.00. Barley No. 1-45 lb. BW 34.50.
Com unquoted. No. I flax .17i.
casa wneat tia: sort wiuuei..
soft white excluding Rex 1.05; White
Club 1.07; western red 105.
Hard red winter : Ordinary 1 034:
10 per cent 1.0S; U per cent 1J4; U
per cent 1.18.
Hard white - saan; urainoxy ut;
10 per cent 1.18: 11 per cent 1.25; 12
per cent 1.29.
- Today's car receipts: Wheat 89;
flour. ; oats 1; bay 1; millf ead 3. .
Portland Livestock
PORTLAND. Ore., Jan. 29-(AP)
(USDA) Hogs: Salable 350, total 700.
Gd.ch. 140-160 lbs. 11.25 4M-.15
do 160-180 lbs. 12.00 12.50
do 180-200 lbs. 12 -OS 12.60
do 200-220 lbs. 12.00 12.50
do 220-240 lbs, : 11.75 12.35
do 240-270 lbs
11.50 12.00
rin 9?n300 lbsl 1156411.75
Feeder pigs, gd-ch. 70-120- 10.50 11.00
Cattle: Salable and total, 150.
Steers, gd. 900-1100 lbs. 12.00013.25
H mi 150-1100 lbs. 10.75 12.00
do com. 750-1100 lbs. 8.50 10.75
Heifers
do med. 500-900 lbs.
do com. 500-900 lbs.
Cows, good, all wts.
do med, aU wts
do cut-corn. aU wts.
9.50 10.50
8.000 9.75
8.75 9.25
7.50 ti 855
6.25 6j 750
5.25 6.25
Atchison 34
Aviation Corp 31.
Baldwin Loco 134
Bendlx Aviation 36
Grain Market
Prices Rally
CHICAGO, Jan.- 29-UP)-Price
rallies of as much as 34 cents
in soybeans, 1V in corn, 7s in
rye, 3i in oats and ! in wheat
registered the extent to which
the grain market Thursday re
gained its equilibrium after Wed
nesday's sharp slump.
AU of these gains could not be
maintained to the final bell, but,
except for rye which closed low
er, cereals generally were on the
recovery trend.
Wheat closed unchanged to
higher compared with Wednes
day, May $1.3078-l.31; July
91.32.-.
Processors, consuming interests
and professional traders were on
the buying side. Although no sub
stantial flour business was re
ported, mills were understood to
be taking advantage of Wednes
day's break.
NEW YORK, Jan. 29-JP)-Today,s closing quotations:
Air Reduction ....36 bouglas Aircraft 64 Phelps Dodge 30
Alaska Juneau ....2Yt Du Pont De N 127 Phillips Pet .....40
Al Chera & Dye 139V4 feastman Kodak 133 Proc & Gam 48
Allis Chalmers -29 Elec Power & Lt ..iy4 Pub Serv NJ ....13
American Can ....64 Gen Electric 27 Pullman . 25
Amer Car & Fdy 31 Gen Foods 35 Radio 3
Am Rd & Std Stn 4 Gen Motors 33y4 Rayonier 10
Amer Roll Mills ..liy4 Goodrich 13 Rayonier Pfd .25
Am Smelt & Rf 41 Goodyear - 12 Republic Steel ....17
Amer Tel & Tel 128V4 preat North 24 Safeway Stores ..41
Am Tobacco B ..48 Greyhound 12 Sears Roebuck ....53
Am Water Wks ....3 Slllinois Central .. .7 Shell Union . 14V4
Am Zinc L & S ....4 Inso Copper 11 Socony Vacuum ..8
Anaconda 27 Inter Harv 4978 Sou Cal Edison .19
Armour Illinois ... 3 Int P & P Pfd ... 59 South Pacific . 12
Inter Tel & Tel ..2 Sperry Corp 28
Johns Manville . 56 Stan Brands 4
Kennecott 35 y4 Stan Oil Calif 21V
X,ibbey-0-Ford ..23 Stan Oil Indiana 25
Beth Steel 63 Lockheed 21 Stan Oil NJ 40
Boeing Air 17 ILoweV 39 Vs Stone & Webster ..5
Borden 20 Long-Bell A 4 Studebaker .......4
Borg Warner 22 Monty Ward 28 Sunshine Mining ..5
Calif Pack 19 Nash Kelvin 4 Texas Corp 38
Calumet Hec 6 Nat Biscuit 15 Trans-America 4
Canada Dry 11 Nat Dairy Prod ..14 Union Carbide ....66
Canadian Pacific ..4 Nat Distillers 22 Union Oil Calif ..13
Caterpillar Trac 38 National Lead ....15 Union Pacific 73
Celanese ....19 N Y Central 9 United Airlines ..11
Chesa & Ohio ... 36 IN American Av 12 United Aircraft ..32
Chrysler 47 N American Co ....9 United Corp
Col Gas & Elec .1 North Pacific 6 United Drug .: 6
Commer Solvent ..9 phio Oil 8 United Foods ......65
Common & Sou 9-32 Otis Steel ... 5 US Rubber 16
Consolid Aircraft 18 Pac Amer Fish . 8 US Rubber Pfd ..70 y4
Consolid Edison .13 Pac Gas & Elec ..19 US Steel 53
Consolid Oil 6 Packard 2 Vanadium 19
Continental Can ..26 Pan Amer Air ....16 Warner Pictures -.5
Corn Products ....53 Paramount Pic ..15 Western Union ....24
Crown Zeller 11 i J C Penney 67 Westing Elec 77
Curtiss Wright . ..8 IPenn RR 23 Woolworth ..27
Lack of Lights Bring
Worry to Poultrymen
TURNER Mrs. D. R. Standley
is having trouble with her laying
hens going into a moult because
of the lack of the usual night
lights during the days electric
wires were out of commission. J.
A. Holt experienced the same
trouble.;
do canners, all wts
n,,iia ivor)imi iy(iluded)
beef, good aU wts. 9.75 (as 10.00
do sausage, good. aU wts. 9.50 0 10.00
do saus. med. all wts. ..- 8.25 W 9.50
rin put-oom. all wts. 6.50 & 8.25
Vealers, gd-ch, all wts. .13.50 14.50
do com-med all wts. 9.5013.50
do cul. aU wts. 7.50 B.50
Calves, gd-ch. 400 lbs. dn
all wts.
do cull 40 lbs. dn.
11.00 Tii 12.50
8.00111.00
6.50 8.00
Sheen, salable and total 50.
Ewes (shorn) gd-ch 5.25 6.00
do. com-med 3.00 & 5.25
gd-ch 1150 12.10
do med-gd 10.504 11 .25
do common 8.50 10.25
Portland Grain
PORTLAND. Ore.. Jan. 29 ( AP)
Wheat Open High Low Close
Mav 1.06 1.06 1.06 1.06
Cash grain: Oats No. 2-38 lb. white
Portland Produce.
PORTLAND. Or. Jan. 29 (AP)
Country meats Selling price to retail
ers: Country killed bogs, best butchers.
129-148. 16'ic: light thin. 1418c:
vealers. fancy 21-2iy,c: heavy. 15.18c
lb.; lambs W'k 20c; ewes to 10c; food
cutter cows,i4-iac; canner cows, ia-
14c; bulls. 15-16C Jb. i
Dressed turkeys Selling price: Bens
28c; toros. 28-29C b. Buying prices
Tarns, 27c lb: bens, it 27c lb.
Live Doultry Burin ortces: No. 1
grade Legnorn Drouers, unoer ib ids..
18c: over 1Kb lbs.. 18c; fryers 2'4-4
lbs., 20c; roasters, over 4 lbs.. 20c;
colored hens. 20c: Leehorns. under 3A
lbs.. 17c; over 3 lbs. 19c; old roosters.
8c lb.
Rabbits Average country killed. 28c;
dtw killed, 28-30c
Onions Oregon 2.50-3.00 per 50-lb.
sack; Yakima. 2.25; sets U-12c lb.
Potatoes White locals, 2.50 cen
tal: Deschutes Gems, 2.80-3.00 cental:
Klamath Falls, 2.95-3.00. Yakima No. 1
gems, 2.90 cental; Idaho Gems, 2.85-
325. New Calif, white. $1.85 per 28-
lb. bag Florida red. S3.25-3.35 per 50-lb.
bag.
Hay Selling price on tracks: Alfalfa
No. 1 21.00; oat-vetch, $14 ton; Willam
ette vaiiey 'clover, $12. ton; tim
othy, eastern Oregon. $21 50 ton.
Mohair 1941. 12-mon'li. 41. lb
Nuts Price to wholesaler: Filberts
Barcelona, iumbo 21c. large 18'ic. fancy
173,4c. baby 16'4c b ; Duchilly, jumbo
20c, large 19c fancy '8c lb.
W a I n ut s Prices to wholesalers
First grade Franquette. jumbo. 22c;
large 20c; medium 18c: baby 15'.ic
soft shell. Iumbo .none: large 19c:
medium 17c: baby 14'ic lb. Mayette.
turn bo none; large 20c tb second
grade Franquette. large 18c; medium
17c: baby 15c lb.; soft shell Urge 17c
meaium ioc; oaoy ic id.
Wool 1941 clip. Oregon ranch nom
inal 32 -33c lb.; :roored. 34-37c lb.
Domestic flour SeUlng price, city
delivery. 1 to 22 bbl. lots; family pat-
tents. 49c. 7J3-7J5; sac. 7 1U-7.70 bbl.;
bakers' hard wheat net 5.73-6.50
blended hard wheat 5.85-6:30; . soft
wheat 5 JO: bluestem 6 00-6 JO.
Hods 1941. 40c; 1942 contracts. 33c
Cascara bark 1940 peel. 10c lb.; 1941
10c lb.
Wool Growers
Handle Record
Valley Pool
Final settlement checks to
growers : in the . largest pool of
vaUey""V61 ever handled by the
Pacific Wool Growers were placed
in the mail this Week, bringing the
total money distributed M pro
ceeds to $240,959.91.
This marks the "eominr of
are" for the association since
this Is the 21st annual pool of
western Dreron-western Wash
ington wools to be handled by
the organisation. . The; total
weight of wool sold was over
600.000 pounds and the' pool In
cluded shipments from approxi
mately 1100 growers. : -
Prices for the various - grades
ranged up to 49 c per pound net
to the grower FOB Portland with
rrfbst settlements showing a net
return to the grower In the 39c
to 44c price rarjge
Notable were the higher prices
secured, for coarse wools over the
medium grades, - which is the re
verse of the usual order, and the
premium prices paid for wools of
superior quality. The average oX
prices! secured for all combing
grades from fine to coarse, which
are the choice 12-months wools of
good length and strength of staple,
worked out to .4812 cent net to
the grower FOB Portland. .
Wool bags and fleece twine
were furnished without additional
charge to growers in this pool and
cash'; advances of approximately
65 per cent of the current value
of the wools were made' at the
time of delivery ! ,
Most of the work of rradinr
and ; marketing was performed
at the main warehouse of the
association in Portland. Branch
warehouses and offices are also
maintained in Stockton, Calif,
and Boston, Mass.
Officers of the Pacific Wool
Growers are: R. L. Clark, Port
land,; president; Dr. Edwin Bun
nell, i Willows, Calif, vice presi
dent; and C. E. Grelle, Portland,
secretary-treasurer. R. A. Ward,
Portland, has been general man
ager; of the association since its
inception in 1921.
Additional Market News
On Page 13
There Is no personal or business emergency which
we cannot help yon meet with a conveniently,
speedily arranged loan! Drop into our offices for
full details . .
STATE FIIIAIICE CO.
344 State
FOB MONET IN A HURRY
Phone 9261
Lie S-216 M-222
THE LONE RANGER
The Cornered Black Arrow Gang.
By FRAN STRIKER
ILiKE THUNDERBOLT'S THE 6W.LANT MORSES CAKKY
TWF!K MaCTEB petva the rVF-' -
-. I 1 WE'RE IN THE CIEAK.' WE HAVE FLE5 NOW I K1PE Llkt THE WIND, TDWTO. TEU. THE SHERIFF J 1 &TT-TUM UP, 5CDUT
YOCADT JA WEtL DROP ANV0N& TO aiTIN& MEN THE WHOLE BLAOC r - . -
6A "
POLLY AND HER PALS
No Pipe Dream!
By CLIFF STERRET
Poultry Co-op
Pays Earnings
Patronage dividends exceeding
$300,000 will be distributed early
in February by the Pacific Co
operative Poultry producers, its
; board of "directors have an
nounced.
Dividends include 66 cents per
case on all eggs delivered in 1941
and 10 per cent on all feed dis
tributed during the same year.
The association, which is re
ported to have a membership of
over 2000 in Oregon and southern
Washington, has a part time re-
: ceiving and distributing station
, in Salem, r
Salem Market Quotations
The prices below supplied by a lo
cal grocer are indicative of the daily
marKet prices paid to grtwers Dy ta
lem buyers but are not EUaranteed by
The statesman: .
VEGETABLES
Cabbage
Carrots, orange box
Cauliflower, crate -Celery,
green
uarlic, ID
Hubbard squash 1
Onions, 50 lbs .s .
Onion, green
Parsnips, orange box t
Potatoes, 10 lbs.. No. 1 new
Potatoes, No. 2, 50 lb. bagj
Radishes, doz i
Rutabagas, orange box ...4
Tomatoes, fancy hot houst, lb.
GRAIN, HAT AND SEEDS
Buying Prices) I
Oats, No. 1
Feed barley ton . . ,
Clover hay, ton
Alfalfa hay. ton
Dairy feed, 80-lb bag..
Hen scratch feed
Cracked corn ,
Wheat
4.00
1.75
150
2.75
.18
.03
2.50
.50
1.75
3.00
1.00
.60
1.75
J8
30.00
No. 1
No. 2
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
31 00 to 32.00
12.00
14.00 to 16.00
J 1.75
i 2.25
4 2 30
. I SO to 1.00
EGGS AND POLLTRT
(Buying Prices of Andresen's)
(Subject -to Change Without Notice)
BUTIEKFAT
rremium t . .
NO. Z -i
BUTTER PRLNT-.
(Baying Prices)
A
B
Quarters
Extra large white
Extra large brown
Medium .
Standard .
Pullets
Cracks
.41
.40
.4?
2
8
J3G
26
.16
.16
.18
J8
.13
05
(BnytBi Prices or Marloa creamery 1
(Subject to Change Without Notice)
UTTfiKFAT
Premium
Colored hens
Colored frys
White Leghorn
Old roosters
.43
Netherlands Queen Hard at Work
our EN YTILIirUVIINA of the Netherlands, map of. the embattled
Ilast Indies spread on her London desk, follows the developments on
that far-away front The tin-rich, rubber-rich and oil-rich island em.
rire of the IsL which has been at war with Japan since the treach
erous surprise attack on Pearl Harbor, was invaded by the Japanese
on January 11th, and is now fighting for tune until reinforcements,
from Britain, Australia and the United States can arrive to prevent
tta 1 vital resources from faiiias into Japanese hands. .....
.41
!8
26
26
2A
.14
.16
J7
J6
JS
J2
A3
VSAV ALICE. FOLKS OBJECT T
MER. KCEPIN7 COMPANY WITH HER.
NEW PLUMBER BOV-FRIEND?
5
5:
l7 I
"J - - -
in jS rrv WSV.I
LAND 0 eOSHENlA ZTZZT I CVERV CALLED ON A
DIDN'T KNOW TWEV J 3T Ti S -HER HB SENT HER FATHER J
WUZ SO UPPlTTV j V1Hida,w A BILL FORTlME-ANQ-A-
HALF CVERTIME X.
No 2 poultry .05 less.
LIVESTOCK,
(Buying prices for No. 1 stock, based
on conditions and sales reported up to
p.m.)
Top lambs - 11.50
Ewes 4.00 to a.oo
Hogs. top. 160-225 lbs. 1225
Sows : U 50 to 10. 00
Veal, top 12.50
MICKEY MOUSE
By WALT DISNEY
Dairy type cows
Beef cows
Bulls
Heifers
Dressed veal
HOPS
(Buying Prices)
Seeded
1941 crop
6.00 to 7 00
. 7.50 to 8 50
8.00 to 9 50
6.50 to 8.00
JS
1042 contract
WOOL AND MOB AIM
Wool
Lambs
J4 1
.40
23
Group Entertained on
Birthday Anniversary
ELDRIEDGE Mr. and Mrs.
E. J. Becker, former residents
here and now of Salem, were
hosts for a night f cards, the oc
casion being the birthday ot Mrs.
Becker. "
Present were Mr. and Mrs. Ivan
Brundidge, Eldriedge; ; Mr. and
Mrs. Arthur Rasmussen, Mr. and
Mrs. Peter Huss,- Labish Center.
Prizes for high score were won
by Mrs. Brundidge, Mrs. Russ, E.
J. Becker and Russ. -
Wrapped in Mystery.
'quick... 5:Ecp ! (LOO,-" ,r5 K.?!.--.-. J f,r' Y J -X seen? wwy...wMv; A
CJ&3ZLLSS$kt ?, L ,, 7rt XiJ 1 WHERE X fVi
lj
- , , 1
UTTLE ANNIE ROONEY
The School oi Life.
I GUESS W5A kinoofa wdole -VOU
KNOW KI05 GOTO 5CH0OLTO
VfARN HOW TO GROW &HAKT
PiNE TREES GOTOA SCHOOL MA
HOIHOCJSE MOW TO
-fGROJlALL
M I
7
Stocks and Bonds
i- January S9
Compiled by The Associated Press
STOCK AVEKAGES -
. -30 IS IS ' 60
; ; Indus Baila XJtd Stks
Net Change AM D 2 Unch D .1
Thursdar 541 17.0 -26.1 37 3
Previous Day 54.1 174 26.1 . 38.0
Monta Ago S4.1 M. -1.1
Year Ago 58.9 16.4 34.3 42.0
1941-42 Hlh 63 10.0 35.5 . 45.0
1941-4S LOW 51.7 13.4 Z4k 35.4
ttOVD AVEKACES '
: 20 10 10 10
Rails Indus UtU Frgn
Ket Chance. tTnchr Unch D .1 A .11
Thursday 64JL 103J 100J ; 46.0
Prev. Day 64.1 103.2 100.4 . 454
Month A0 60 102.S 99 J 41J
Year Ago .; 62.6 104 100.7 40.6
1941-42 Kleh 66 5 105.4 102.1 61.4
1941-42 Ixw 58 J 102.6 S8- J 38.0
J yOU KMOW, X WASJU5T WI PIWC TREES Aft)
-rwWrfJTUE UTTIE PINE JM LtKC WOS T ? f ,
TREES ARC ZUSTIOCL Jf VMAVS TUAt
iiTrve icros com jrl Ft auvolx.? :m
. wi r-r-
By BRANDON WALSH
' ; ! : : i
VP THE LITTLE KlOS AM THE UTTLE TREES
00 WWT THEY O0GHTA DO,TWEVR5 MOVED
WTO A HIGHER CUSS-TUEH WWEM TrffVRE
RN18WEO W SCHOOLTMEVVE GROWN B3 ri
ALP CTV? -u 0t ' rr -ta isx t I
CARt of themselves
EM
ej
THIMBLE THI-ATREtarrLag Popeye
(MDJLTAKE USS)
The Admiral Spealcs."
I GUESS THAT WHY A. OLIVET? SET UC
OTUBETD?ECACmtoCCH
noumg owe grows up emAiGtrrAtf
5TPOMG -'CAUSE fTTHEVKE COOOKC
THEr-L UEHERAMQUMTIQ MUCH
WXZM THZTftZ GROW UP
Wool in Boston
BOSTON. Jan. " 9f APWTJSDA1 i
The market for domestic : wools in
Boston was quiet. Occasional sales of
graded combing - length line territory
wools were made at $1.10-1.13; scoured
basis. Graded one-ha 11 ; blood terri
tory wools o good French combing
lerurth brought SI .06. scoured basis.
Graded one-h&K blood clothing wools
brought sr-1.03, scour ea ow '.
gSCS, UJE DOkTT TZM (yoUUL TAKE US)
TAKE MEMBERS OFgg C at-s
THE FEMIWIKKC !f '
IM HpnnPW (WES) IH
LrSSIkk.TJO-A KkKDLUl
1 WAMA ADMlgAL?!
I UJELL. MOU YOH.TJEAR.1
LADMSL Jl HOPE ID
MAVOU,f j
gi
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