Markets
Comics
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on
Tb OREGON STATESMAN. Salem. Oregon, Saturday Morning. April 25. 1942
PAGE EIGHT
Financial
Tension uts
"Strictly Private"
Stocks Down
By Quinn Hall
. Speculation on New
1 Economic Controls
Slows Bidding
; NEW YORK, April 2-ff)
There was a trace of stock market
tension again Friday oyer the
question of investment and spec-
ulative positions under the new
economic controls soon to be ap
plied by Washington and share
prices dropped fractions to around
2 points over a wide front
Selling volume was not heavy
, but in the absence of a good sup
ply of bids it was sufficient to
"force the average price level to a
..new low since April 28, 1933.
The Associated Press 60-stock
composite recorded a closing de
cline of .2 a point at 32.3. Trans
actions totaled 390,080 shares
against 429,473 Thursday.
Some stocks worked up a little
from their lows in sporadic last
hour rallies and several rails
edged Into plus territory at the
end.
New York shipbuilding display
ed independent firmness on the
declaration of a $1.50 dividend
which also applied to the founders
. shares in the curb.
Among the stock exchange lead
i- ers reaching new bottoms for a
year of longer were US steel (this
came back to show a minor clos
ing gain); American Telephone,
Standard Oil (NJ), Johns-Man
ville, Eastman Kodak, United Air
craft and Douglas.
DuPont, Dow Chemical and Al
lied Chemical each fell 2 or more
points. Off fractions to a point or
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VDOR SON
Hop Mart Firmer During Week;
Crop Conditions Are Spotty
Hop markets on the Pacific coast ranged from very firm in
California markets to higher in Oregon and Washington during
the wek ended April 22, according to the department of agri
culture.
As in other recent weeks, depleted stocks of 1942 hops re
so were Philip Morris, Bethlehem stricted trading entirely to sup
Steel, Westinghouse, Anaconda, pijes for future delivery. Prices
Davis Resigns
As Board Head
WOODBURN O. L. Davis,
president of the board of directors
of the Wodburn Fruit Growers
Cooperative association, has resigned.
Charles Sweaney, vice president,
became acting president pending
the selection of a new one.
Davis gave as his reason for
resigning the fact that due to the
shortage of help all his time is
now required to operate his farm.
His resignation leaves a vacancy
in the board which the board it
self is authorized to fill.
He has been a member of the
association for the past 18 or 20
years. He was president of the
board of directors in 1935, 1936
and 1937. In 1940 he was presi
dent and manager. In 1941 he
was manager and this year he was
again president.
Davis said he had recently
signed a new five-year contract as
an association member and ex
pects to continue his. membership
indefinitely.
Stocks and Bonds
April 24
Compiled by The Associated Press
STOCK AVERAGES
30 IS 19
Indus Ralls Util
Net change D .4 Unch D -
Friday 46.3 14.7 21.8
Previous day 46.7 14.7
Month ago 49.3 15 8
Year ago 55- 16.8
1942 high 56.0 17.6
1942 low 46- 14.7
22.0
23.1
31.7
60
SUts
D 1
32.3
32.5
34.4
39.5
38.7
32.5
BOND AVERAGES
20 10 10
Rails Indui Util
Net change D 2 Unch Unch Unch
Friday 64.5 103.5 93.7 47.1
Previous dav 64.7 103.5 93.7 47
Month aeo 65.3 103.1 95.5 44.8
Year aeo 64.8 104.3 101.0 43.6
1942 hlttl C3.0 11M.3 IW.o i.
1942 low 60.8 102.6 93.7 41.5
J. C. Penney and US Gypsum.
Schools Join for
Music Festival
quoted to growers on 1942 con
tracts ranged from unchanged to
around two cents per pound high
er as compared with other -recent
weeks. Although dealers and in
dustries were rather actively in
the market for 1942 supplies,
TURNER Several hundred pu- transactions were only moderate
pils and teachers participated in to light during the period princi-
the annual music festival Thurs- pally reflecting limited offerings
day at Turner high school audi- from growers.
tonum with schools represented Mr-t r,rnAncm in the three west
from Witzel, West Stayton, Clo- coast state8 have already contract-
veroaie ana lurner. utn rem- fit Jeast a portion of thgi- pros.
rerwn, west -tayton, was cnair- pective 1942 crop and were not
Taking a prominent part in the w. askinff nrirw. flbftve ru-r-nt
, . rv i I o sr
Ingram were mncipai James u. bids by deaiers. Trade reports in
Bussell, Wayne Sherman, Freida rf,-at that th fmr on i
Mae Miller, Turner, Eunice Bear, Lftmu,hllt var for thi a-
tn. rj:ii. a I I
-mucr, xmi -cnmerer, uayeue in nrflrtirallv all nroducin
-n--- m ii . r- ? . I ar - -
j-unurii, -uvtrruaie, remice iar- districts.
Salem Market
Quotations
ker, Turner, Fern Sletto, West
Stayton, Mrs. Purvis, Joyce Kun
Oregon markets ' developed a
ke, Cloverdale, Edith Schifferer,
Jean Ball.
No. 59-53
SvnuDUi of Annual Ktatrrint 4Vi
Perm Mutual Life Insurance Company I for this type resulted in the Con-
week. Dealers were inquiring
rather actively for regular seeded
types from the 1942 crop. Offers
of 40 cents per pound net growers
Of Independence Sauare. PhiladelDhia
In the State of Pennsylvania, on the
miriy-urst day of December. 1941
made to the Insurance Commissioner
of the State of Oregon, pursuant to
CAPITAL
Amount oi capital stock paid up.
none.
INCOME
Total premium income for the year.
interest, dividends and rents re
ceived during the year, $29,447,141.50.
Income from other sources received
Curing the year, S25.740.51I.il.
ToUl income. $123.828.193 51.
DISBURSEMENTS
PauJ for losses, endowments, annui
ties and surrender values. 43.928,033.99,
Dividends paid to policyholders dux
ing trie year $10,258,233.20.
En
tracting of around three carloads
at this price during the past seven
days.
Previous bid prices for this
quality were on the basis of 38
cents per pound net growers,
indicating an advance of two
cents per pound. Prices were
reported about unchanged on
seedless qualities from the 1942
crop at 45 cents down to 37
cents per pound to growers, ac
cording to seed content In ex
cess of 2 per cent at time of delivery.
Trade advices indicate however,
that very few lots of seedless hops
remain uncontracted in Oregon,
and no new transactions were re
ported during the past week.
vidends paid on capital stock dur
ing ine year. none.
Commissions and salaries paid dur
ing ine year. e.i v.hus.vj.
Taxes, licenses and fees paid dur
ing the year. S2.664.450.00.
-Amount of all other expenditures.
Total expenditures. $83 .983 .300. IS.
1CGVTC
Value ot real estate owned (market Growers still having seedless hops
value), $50,058,507.37. not under contract were generally
Loans on mortgages and collateral, . . , , .
te., $ioi,62,557 M. asking prices above current bids
ms own', (amortix, by dealers.
- Value of stocks owned- (market Crop conditions in Oregon are
'-'piKoiS frrf Micy loan., S8.- reported somewhat spotted. Rainy
it.134.33 weather recently has resulted in
tfiT m oanits ana on nand. iw rather backward conditions for
- interest and. rents due and accrued, this season of the year. Further
"iUtroiiected and deferred prem- indication of downy mildew is re
turns. $iie. 561.00. ported. Growers are hoeing their
Total admitted assets, $810,362,786.20. 1 yards and report the number of
LIABILITIES
X4 ayl tAC RJOA aa
Gross claims ior losses unpaid, S2.C51.- different producing sections.
au-...Kiii.,-. n, Warm sunny weather would be
Total liabilities, except capital. $775.- beneficial at this time.
iSii5. MiA ,, Washington markets
Surplus over aU liabilities, $35,025,- firm. No new business was re-
sutpiu, regard, policyholders. $35.- Parted, in the Yakima valley dis
S5A37.05 tricts where growers were gener
At irnorti or other values pre- ally asking prices above current
scribed by Natl. Assoc. of Ins. Com- bids by dealers. In the Puyallup
Surplus reserve for mortality and valley of western Washington, 100
aaet fluctuations and other conrin- bales of 1942 seeded fuggles were
business m Oregon reported contracted at 40 cents
IF.iS-;- Per pound, net growers. Forty six
during the year. $429,883.99. - cents per pound was- toeing ot
vjoenoa pan our log the year, $73.- fered for seedless fuggles from
Net lossee and claims, endowments, the? 1942 crop, but reports indi
vynniaiUe durin cated that most of the crop in that
9 Name of company. The Penn Mutual district is already under contract,
orpent "John A. Steven- t 7-rds have started training
son. oi vines in the rayallup area, with
Name of Seeretarv. Svdnv A. Snlth ... . .. .. ' ..
StatuUrv resident attomeV f repora moicaung i tnat o m e
Ice. Horace H. Person, 828 Pacific Bldg, downy mildew infestation Is show-
remained
Portland, Oregon.
s
IT)
i
Ir. T Um. NJI Dr.U.CtuaU. NO
OIL CHAN LAM
' Chinese Medicine Co.
- 24t Norm Ufcerty
iTnira Pnrtiand iineral Eire Co
Office open Taesday and Saturday
nl.T ! JU- t "
rnniLation. Blood Bfessart sad
ruse 'tests are free of cbarge
SS Tears to Boslstess!
ing up in various yards.
i California hop markets re
mained very firm reflecting
light offerings and fairly attire
demand. Prices were unchanged
to one cent per pound higher
compared with a week are. :
The New York hop market re
mained firm. Prices on 1941 ctod
moved up due to diminish ing
I stocks. Some contracting was re
ported on the west coast at 39
cents for regulars and 45-38 cents
for seedless, with growers "gen
erauy ? reported asking 40 ccita
per pound for regulars. On adtH
122, prices quoted to the trae et
New York were 50-52 .cents for
The orlces below suoDlled 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
Asparagus, dor.
Cabbage
Carrots, doz.
Cauliflower, crate
Celery, green
cucumbers hothouse, dry
Garlic, lb.
Onions, 50 lbs.
Onions, green
feas
Potatoes, 100 lbs. No. 1 new..
Potatoes. No. Z, 50-lb. bag
Potatoes new
Radishes, doz.
1-3
3.00
.60
1.50
2.79
1.00
JS
3.50
. .40
. .09
. 3.75
. 1.10
. .04
, 5
.02
-3
Rhubarb, fancy
Tomatoes, California
GRAIN, RAT AMD SEEDS
(Baying prices)
Oats. No. 1 38.00 to 36.00
Feed barley, ton 33.00 to 33.ee
Clover hay. ton . 13.00
Alfalfa nay. ton la.uu to zu.uu
Dairy feed, 80-lb. bag -1.7$
Hen scratch feed , . ... 3-5
Cracked corn ,, 2.40
Wheat
EGGS AND POVLTRT
(Buying Prices of Aadresen's)
(Subject to Chance without in once I
RUTTERFAT
Premium . .42 ',i
No. 1 .4114
NO. 2 -Mli
BUTTER PRINTS I
(Buying Prices)
A
B
Quarters
Extra large white .
Extra large brown
Medium
Standard
Pullets
Cracks
.41,i
.40'i
42,4
n
,-7
Colored hens
Colored frys
White Leghorn hens
White Leghorn frys
-4
4
JS
JS
20
22
JS
JS
(Baying Price ot Marion Creamery)
(Subject to Change without Notice)
BUTTEBFAT
Premium ' .42' 4
No. 1 - .41
No. 2 , Mk
EGGS X
trge A 21
Large dirty extras ' JS
Large B . . -
Medium A" JS
Medium B ' ' J3
Pullets . , JS
Checks and under crades 21
Colored - hens " J 9
Colored fryers , ,- l
Legnorn oyers
eghora hens ' J
Stags ' ' - JS
Old roosters - - - M
No S poultry AS less. -.
LIVESTOCR
(Buying Drices for No. 1 stock, based
on conditions and sales reported up to
P-n.)
Top lambs 10 S
Ewes . .uu to d.dv
Hogs, top, 180-225 lbs. 13.25
Sows 11.10 to 1123
VeaU top
ry
Beef cows
Bulla
Keif ers
Dressed veal
HOPS
(Buying Prices)
Seeded
1943 contracts
13.50 to 14.00
6 50 to 7.50
. 7 50 to SJ0
9.00 to 10.00
C50 to $ 00
20
ja to .43
WOOL AND MOHAIR
Wool
Lamb
.42
.42
Ontario Needs Men
: One thousand beet blockers and
thinners are still needed, in the
Ontario area, according to W. H,
Baillie, Salem manager of the US
employment service. Transporta
tion will be furnished the workers,
Baillie said.
regulars ana -S-ou cents per
pound for 1941 seedless qualities,
with other stocks nominal,
. - it Try ase of Chinese remedlm.
Asaa-tng SUCCESS for S0M
years fen CHINA. No matter wit
what ailment yta are AFFLICT
ED disorders. - saasHJa. ' heart
long, liver, ktdsteys, staeaaea.
gas, eoBstipation. clcers. ia-
etis, ferer. skis female
plaint
Charlie Char
Chinese tlerb Co
Offlre Boars Only
roes mm Sat. 9
a.m im v.sa asu
Sam and We4U t
a m to It Jt a m -
122 N. CotaT SL. Salei
rom
a. Or
10
Frgn
Quotations at Portland
Produce Exchange
prmn.ANTl Ore.. Anril 24 (AP)
Butter Prints. A grade, 41',c in parch
ment wrappers. 42,4c in cartons; B
grade, 41c in parchment wrappers, 42c
in cartons.
TtnHorfat First ouality. maximum of
a of l r.r rent, acidity, delivered in
Portland. 40',4-41c lb.: premium qual
ity, (Maximum of -5 of 1 per cent
acidity), 41,i-4c lb.: vaUey routes and
country points. 2c less than first, or
39c lb.: second quality at Portland, 2c
under first or 3B',k--ra'.aC id.
Cheese Selling price to roruano re
tailers: Tillamook, triplets. ',ac id.;
loaf. 29'ic lb. Triplets to wholesalers,
264c lb.; loaf. 27'c o.b. Tulamook.
Eggs trices xo proaucei-; tm.
28c; B large, 27c; A meaium. ra z, o
medium, 25c dozen. Resale to retailers:
4c higher for cases; cartons, 5c higher.
Portland Livestock
TJAWTT ANT) Ore.. ADril 24 (AP)
TTsnAl Hon- Salable 50. total 250.
UOOu-cn, Am, xny ..w
Good-ch, 160-180 lbs-Good-ch,
180-200 lbs-Good-ch,
200-220 lbs-Good-Ch,
220-240 lbS-
GOOd-Cn. 24U-Z7U IDS-
13.15 a 13.65
13.50 13.75
13.25013.65
12.85 13.35
19 60 fti 13.15
sf is- t-xv w " 1 ' -c-
t i u 4?n.vn 1K 19 3511.85
Fdr. pigs, gd-ch. 70-100 lbs. 11.7512.50
..... 1.1. . . 1 in
tue. saiaoie , i w.
Steers, good 900-1100 lbs. - 12.00 13.25
do meaium ou-nuu ios. i.wai
rin immmrm 7SA-1 I (Ml lbs.
Heifers, med 500-900 lbs
mminnll KnO-OOO lbs
Cows, good, all weights
ao meaium. au weimj .
do cut-corn- all wts.
do canner. all wts.
Bulls, yrlgs excL beef. "
gooa. au wis.
9 00010.75
10.2511-0
8.00 10-5
92S& 8.75
8.500 8.25
6.750 8.50
5.75 6.75
10-5 10.75
10.00 10.50
8 75 fi 10.00
7.50 8.75
do sausage, gd., all wts.
do sausage, mea., au wu.
n r mitvim all wts.
Vealers. gd-ch. aU wts 14 00 g 16.00
do com-med. aU wts. 9.00 (g 14.00
rfn pul. all wts. 7.000 8.00
Sheep: Salable 0, total 50.
5 75 a 6.50
3-00 S.75
12.00012.50
10.50 4ill.75
do common 8 5OW10O0
Ewes (shorn) gd-ch
do, com-mea
Lambs
pri-ch .
do med-gd
Portland Grain
pnnTLANTj. Ore.. Anril 24 (AP)
Wheat Open High Low Close
un i7 .97 .97 -7
Cash grain: Oats No. 2 38-lb. white,
41.00. Barley. No. 2 45-lb. BW.. 31.50.
r-nm iinauoted. No. 1 flax. 2.49..
Cash wheat (bid): Soft white, M;
soft white excluding Rex. 1.01!; white
club,' 1.02: western red. 1.01.
Hard red winter: Ordinary 31: 10
per cent, 1.01; 11 per cent, 1.07; 12
per cent, Ul.
Hard white Baart IS per cent. 1.10:
11 per cent, 1J5',4: 12 per cent, l.l'i.
Todays car receipts: wneat. i: bar
ley, 1; flour, 4; oats, 2; miufeed. S;
flaxseed, L
Portland Produce
PORTLAND. Ore, April 24 ( AP)
Live poutlry Buying prices: No. 1
grade Leghorn broilers, under Hi lbs.,
19c; over Hi lbs 19c; fryers, 2a to 4
lbs 23c; roosters, over 4 lbs, 23c; col
ored hens, 22c; Leghorns under 2,4
lbs.. 17c; over 3 ',4 lbs . 19c; No. 2 grade
hens, 5c lb. less; roosters. Sc.
Dressed turkeys Selling prices: Hens,
28c; toms, 27c lb. buying prices: toms,
25c: hens, 25c
Rabbits Average country-killed. 30-
32c lb city-killed. 33-34c lb.
Hay Selling prices on trucks: Al
falfa. No. 1. 21.00 ton; oat-vetch. 14.00
ton. Valley prices: Willamette clover.
10.00-12.00 ton. valley points; timothy,
eastern Oregon. 22.00 ton, Portland.
Onions Oregon. 350-4.00 per 50-lb.
sack; sets, 25c lb.
Potatoes, old white locals. 250-2.75
cental: Deschutes Gems. 35 per cental:
Yakima No. 2 Gems. 1.40 per 50-
lb. bag; Klamath No. 1, $3-5-350 per 50-
lb. bag.
Potatoes, new Shatter (Calif.)
White Rose. 1.85-2.00 50-lb. bag.
Country meau Belling prices to re
tailers: Country killed hogs, best butch
ers. 129 to 149 lbs, 18'i-19c lb.; veal
ers. fancy. 22 -222c: light thin, 14-18c
lb.; heavy, 16-17c; canner cows, 12'i
13c: good cutter cows, 134-14c lb.;
bulls. 16-17c lb.; yearling lambs, 18.-20C
lb.; ewes, 9-izc lb.
Wool 1942 contracts, Oregon ranch,
nominal. 34-37c lb. Crossbred-. 40 -42c
lb.
Mohair 1942 12-month. 45c lb.
Hops Seed stock. 1941 crop. 40c; 1842
con tracts, sac.
Cascara bark 1942 peeL 15c lb.
Wool in Boston
BOSTON. ADril 23 ( AP) USDA)
There was some demand for average
to short French combing length fine
territory wools at $1.12-1.15, scoured
basis, in Boston. Fine territory wools
of average to good French combing
lengths brought mostly $1.15-$1.18,
scoured basis. Graded one-quarter
blood combing bright fleece wools had
a little demand at 52-53 cents, in the
grease.
Wheat Rallies
Over 2 Cents
CHICAGO, April 24rff-Shak-
ing ott early weakness after de
clining to cent, wheat prices
Friday rallied more than 2 cents
a bushel from lows to close IV
to 1 higher than Thursday.
This recovery, coining after
midsession, imparted strength to
other grain prices, which had
sagged in sympathy with a decline
of more than a cent in corn. The
yellow cereal sold at lowest quota
tions since early in the year be
fore rallying with wheat.
Buying attributed to dealers
covering previous short sales and
to mills, who have been more ac
tive this week on each price re
cession to around lows, for the past
five months, accounted for
strength of wheat.
May wheat closed at $1.21-,
July $1.23-.
Produce Mart Prices
PORTLAND, April 24-flJ)-The
Farmers Wholesale market had a
firm to higher tone Friday, de
spite a sizeable increase of sup
plies. Demand was heavy for aspara
gus around $3.25 pyramid and for
Farmer's Crops
Reported Good
NORTH HOwTXir Although
some farmers are wishing for
more rain, nearly all crops seem
to look good.
Fields sown to flax show a gray
green sheen even this early. Oats,
wheat and hay crops are coming
along normally and the vine fruit
fields are showing remarkable
growth.
Several growers have already
sprayed some of the vines and
will spray again later on. Nearly
all training, tying and trimming
x ms a
1 1 niKiiMi i f ir uie acMsuii aaii
tractor drawn disc and harrows
keep the ground in condition.
spinach at $1.25 to $1.35 crate.
Rhubarb was in small supply but
sold well from 65 to 75 cents
orange box.
Dry onions held to $3.00 for
the best 50s and green onions sold
from 30 to 35 cents dozen bunches.
Radishes were mostly 25 cents
dozen bunches with a few higher.
Hothouse tomatoes brought up
to $2.50 for extra fancy 10s. Cauli
flower sold from $1.35 to $1.50
crate for Is with other grades
ranging between 50 cents and
$1.00,
s9
n
There Is no personal or business emergency which
we cannot help you meet with a conveniently,
speedily arranged loan! Drop into our offices for
full details . . .
STATE FINAIICE CO.
FOR MONET IN A HURRY
344 State Phone 9261
Lie S-218 M-222
BARNEY GOOGLE
Informa-on Wanted
By BILLY DoBECK
- - , ,f ,- tin r J 1 in i i ---
iHE LONE RANGER Three Is a Crowd By FRAN STJtlZER
--- op rtei
. . THg TUNNEL HAPPENS HEAR THE TUNNEL. SUDDENLY j j (V f &Z- ZZZh Vtt&SClS )
MICKEY MOUSE
Surprise Party!
By WALT DISNEY
1 j
LITTLE ANNIE ROONEY
A Pair of Red Faces
By BRANDON WALSH
fyZmSuTAUmS DO X3u) I UCZ5ZTDP&CrKXKIJXaXZl V XXFDtDAKTmTGimYl . S I UAWZ GOOD NEWS UVvf5 O jW i
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OQ on Troubled Waters
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MOMMA SHIP IS
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