The Oregon statesman. (Salem, Or.) 1916-1980, June 06, 1942, Image 8

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The Oregon statesman., June 06, 1942, Page 8, Image 8

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Newspaper Page TextFinancial Markets mics PAGE EIGHT Ta OREGON STATESMAN, Salem Oregon. Saturday Morning. June 6. 1942 Farm Co Stocks Rise Day "Strirtly Private" By Quinn Hall Third War Infants Principal ; Buying Attraction In Added Climb : NEW YORK, June 5.-()-rThc stock market made it three In a row on the recovery side Friday with so-called war infants, re cently in the drooping division, attracting the principal buying attention. Profit taking cropped up after a fairly good start but the select Ive climb was resumed around mid-day on fair - sized volume when steels, aircrafts, chemicals and assorted specialties stepped to the fore. Gains for selected is sues ranged from fractions to 2 Doints eenerally. A few isolated stocks were up 3 to 6 or so on re stricted dealings. The Associated Press average of 60 stocks finished with a net gain of .3 of a point at 35.7. This put the composite up 1.1 points since the rally got under way Wednes day. Activity was interspersed with sluggish periods but trans fers of 486,170 shares compared with 524.300 Thursday which were the largest since May 21. Among stocks managing to edge into new high ground for the year were Zenith radio, Goodyear and Goodrich. Well in front were US steel, Bethlehem, Douglas Air craft, United Aircraft. Sperry, American Telephone, Anaconda, Dow -Chemical, Eastman Kodak Allied Chemical, NY Shipbuild ing, Philip Morris and J. C. Pen ney. Chrysler lost 1 and lesser cas ualties included General Motors, Sears Roebuck, Montgomery Ward, Woolworth, Caterpillar Tractor, Du Pont, Standard Oil (NJ), Westinghouse and General Electric. PL PEAR. AnCwU- I ALMOST 60T CQUAiUTED WlU A WBU GVLTm IW A WKD Or A fSCatAR WW. AttD I ALSO GOT TO WKW CAPTAfti BCTR'N I DID- mt I WOO CT HIS GIRLt Ybu sou P.S- anyhow rr VJAS. ABOUT" MY TUSUTO DO Wi4m WfU ! a e-s Quotations at Portland Hop Acreage Down 600 PORTLAND, June 5-;P)-Hop acreage in Oregon decreased slightly this year, the agriculture department reported Friday. About 600 acres of the less productive districts were withdrawn. Yard conditions remained irreg ular and 1942 crop prospects un certain. There was some downy mildew infestation and m some yards there were hills missing. Trading on 1942 crop hops re mained .at a standstill. Prices for seeded held around 40 cents a pound, seedless around 50. Produce Exchange PORTLAND, Ore.. June 5 (AP) Butter Prints, A grade, 40',ic in parch ment wrapper, 41VaC in cartons; B grade, 39',2C in parchment wrappers, 40VaC In cartons. Buttertat irst quamy maximum 01 6 of 1 per cent acidity delivered in Portland, 39-39V2C lb.; premium qual ity (maximum cl 35 of 1 per cent acidity), 40-40V2c lb.; valley routes and country points, 2c less than first, or 37c lb.; second quality at Portland, 2c under first, or 36',a-37c id. Portland Produce Deer Observed ROBERTS While eating break fast one morning this week the Melvin Trindles observed a deer feeding in their field not far dis tant. It was a doe and it disap peared into the timber as the Trindles started toward it. This is the third deed seen in this com munity in the last two years. Stocks and Bonds June 5 Compiled by The Associated Press STOCK AVERAGES Net change ... Friday Previous day Month apo .. Year ago 1942 high 1942 low Net change ... Friday Previous day Month ago ... Year ago 1942 high 1942 low 30 IS 15 60 Indus Rails Util Stks A .4 A .1 A 4 A .3 52.2 14 6 24.0 35.7 51.8 14 5 23.6 35.4 48.5 15 4 - 22.8 33.8 568 16.5 31.3 40.2 56 0 17 6 27.3 38 7 46 0 14 5 21.1 32.0 ;es 20 10 10 10 Rails Indus Util Fgn A. 4 Unch D .1 A .5 61 1 103 5 95.0 49.1 60.7 103.5 95.1 48.6 64 9 103.6 94.2 47.7 64 2 104 6 100.9 44 5 65.6 103 7 100.6 48.6 . 60.4 102.6 93.6 41 5 PORTLAND. Ore.. June 5 AP) Live poultry Buying prices: No. 1 grade Leghorn broilers under V lbs., 16c, some buyers out of market; over 1 pounds. 17.'ac; colored fryers, 24 lbs., 23c; under 2"a lbs.. 17V2c: col ored roasters. 22c lb.; colored hens, 20-21C lb.; Leghorns, under 2l'a lbs., 16c; over 3,'2 lbs . 18c; No. 2 grade hens. 5c lb. Ipss: roosters. 9c lb. Eggs Price to producers. A. large. 29c: B large, 28c; A. medium, 27c; B, medium. 26c dozen. Resale to retailers, 4c higher for cases; cartons, 5c higher. Drrssed turkeys Selling prices: Hens, 27 -29c. Buying prices: Toms, 24- 25c; hens, 26c ID. Rabbits Average country killed, 30 32c lb.; city killed. 32 34c lb. Hav Selling Drice on trucks: Alfal fa Nn 1. 22 00 ton: oat-vetch. 14.00 ton. Valley prices: Willamette clover, 10.00 ton. vallev Doints: timothy, 'eastern Oregon, 25.00 ton, Portland. Country meats Selling prices to rptailprs: Country killed hogs, best hiitrh-rR. 129 to 149 lbs.. 18-19c lb.; vealers, fancy, 21-22c lb.; light, thin. 15-18c lb.: heavy, 17-18c; canner cows, 14-15c; good cutter cows, 15-16c; bulls, 17-17ic lb.; spring lambs, 22-24c lb.; vMrline lambs. 19-20c lb.; ewes, 5-10c Wool 1942 contracts, Oregon ranch. nominal. 34-37c lb.; crossbreas, 40-42C lb. Mohair 1942 12-month. 45c lb. Hops Seed stock. 1941 crop, 40c; 1942 crop: Fuggles Seedless, 40-47c lb.: clusters, seedless, 47c lb. Cascara bark 1942 pel. 15c lb. Onions Oregon. $2-2.50 per 50-lb. sack- green, 30-35c dozen bunches; Texas Bermudas. 50s, $2.25 sack; Texas, sweet type. $3. Potatoes, old White, locals. 2.25-2.50 cental; Deschutes Gems, 3.50 cental; Yakima No. 2 Gems, 1 40 50-lb. bag; Klamath No 1. 3 50 cental. Potatoes, new Shatter (Calif.) White Rose, 3.00-3.15 cental. Bulls (ylgs. excld ), beef, good, all wts 10.50 11.25 do sausage, gd. all wts 10. 25 (i 11.00 do sausage. med all wts. 9.50 10.25 do saus., ct-com, all wts. 8.00 9.50 Spring lambs, gd-ch $13.50 14.00 do medium-good 12.00 l3.zs do common 10.00 & 11.75 Lambs, shorn do med-gd. 9.50 10.00 do common 8.00 9.00 Ewes, good-ch, shorn 4.50 5.00 do com-med 2.00 4.50 Portland Grain PORTLAND, Ore.. June 5 (AP) Wheat Open High Low Close July 90'i .90'i -901, .90' Cash grain: Oats, barley and corn unquoted. No. 1 flax, 2.46. Cash wheat (bid): Soft white, 91 'a soft white excluding Rex. 93; white club. 95: western red. 94'i. Hard red winter: Ordinary, 90; 10 per cent, 92", '2. 11 per cent, 99'2; 12 per cent, 1.03. Hard white Baart: 10 per cent, 1.03 11 per cent. 1.07: 12 per cent. 1.11. Today's car receipts: Wheat, 31; bar lye, 1; Hour. 3; corn. 1; muueea, 3. Wool in Boston BOSTON, June 5 (AP) (USDA) Clips of 12-month 64 s fine wools, 2V inch staple and longer, today were selling to the mills occasionally about $1.18, clean basis, for average to good lots. Texas eight-months wools average to good woolen type, were quoted at $1.08 clean basis, and choice lots two cents higher. Fine territory 64 s and fine good average French combing are quoted and selling about $1.18. clean basis, for filling in government contracts for worsted fab ncs. Portland Livestock PORTLAND. Ore., June 5 (AP) (USDA) Hogs: Salable 25, total 225; cattle, salable 25. total 100; calves, sal able 25. total 50: sheep, salable 50, total 550. 140-160 lbs - $12.75 13.85 do gd-ch 160-180 lbs 13 5014,25 do gd-ch 180-200 lbs 14.106 14.35 do gd ch 200-220 lbs 13.85 61 14.25 do gd-ch 220-240 lbs 13.50 14.00 do gd-ch 240-270 lbs 13.25 (ri 13.75 do gd-ch 270-200 ibs 13.80fn 13.50 Steers, gd. 900-1100 lbs $12.75013.75 do med., 750-100 lbs 11.50fal2.75 do com . 750-100 lbs 9.7511.50 Heifers, gd 750900 lbs 12.00M 12.50 do med , 500-900 lbs 10 50fa 12.00 do com . 500-900 lbs. 8.75 10.50 Cows, good, all wts 9.750 10.50 do med. all wts 9.00ffj 9.75 do cut-corn, all wts. 7.25 9.00 do canner, all wts 6.00 7.25 Scrap to Help Win the Scrap fiivinr lonr recognized the potentialities of the scrap pile. Southern Pacific is equipped to play a leading part in the national drive to reclaim materials vital to the war effort. From miscellaneous scran collected from all over the railroad, the company is now salvaging metal and many other materials for reclamation and reuse. Photo shows , metal scrap being unloaded a the railroad's Sacramento hops, where thousands of tons are reclaimed annually. Liberty School Vote Will Be Held June 15 LIBERTY The annual school meeting for this district will be on Monday, June 15 at 8 o'clock in the auditorium of the gym. Business scheduled for the even ing includes the election of one director for a three year term clerk for one year term; and vot ing on the school budget. Directors now on the board are chairman, John Dasch, whose term expires this spring; John Van Loh and H. H. Staggs. Clerk is Mrs. Mason Bishop. The clerk is elected annually, while the terms of directors are all for three years, one expiring each year. Would Prevent Price Spree While most unprocessed farm products are excluded, for the time being ,at least, from the gen eral price ceilings established by the government, farmers andi rural families in general have an important stake in the present nationwide drive to control in flation, according to W. L. Teutsch, assistant director of ' the i exten sion service. Teutsch and other officials of the extension service are now or ganizing the extension forces to carry out the assignment of the secretary of agriculture to carry information on the anti-inflation program to every rural family in the state. Almost the entire coun ,xy , extension . personnel, was on the Oregon State college campus the first week in June in con nection with the 4H club summer session. This made it possible without extra travel to call the entire staff together to consider the inflation control informational campaign. ine price control program is expected to help fanners to pro duce the record quantity of food, oil crops, and fiber crops that is needed to win the war. It will affect every member of the farm family by helping hold living costs stable. Farmers in the first world war saw prices of wheat, cotton and hogs soar to extreme heights, which unnatural condition led many farmers to go into debt to acquire more land to raise more of these high priced crops. When Salem Market Quotations The price below supplied by a lo cal grocer are Indicative ol the daily market price paid to growers vj o lem buyers but are not guaranteed by The Statesman: VEGETABLES Asparagus, doz. Cabbage Carrots, doz Cauliflower, craw Celery, green Cucumbers, hothouse, dry Garlic, lb. Onions, 50 lbs. Onions, green Peas Potatoes. 100 lbs No 1 new Potatoes new Radishes, doz. Rhubarb, fancy Tomatoes, California Strawberries, 24 1.00 3.75 .70 1.75 3.50 1.25 .18 3.50 .45 .09 3.25 .04 .45 .02 .14 2.25 GRAIN, HAT AND SEEDS (Bay in c Prices) Oats, No. 1 35.00 to 36.00 Feed barley, ton 33.00 to 35.M Clover hay, ton 13 00 Alfalfa hay. ton 18.00 to 20.00 Dairy feed. 80-lb. bag Hen scratch feed Cracked corn .. Wheat IM 2.35 2 45 0 ESGS AND roULTRT (Baying Prices of Andreien's) (Subject to Changs Without Notice) BUTTERFAT Premium .41 the price spree ended in the early twenties, the index of farm prices dropped from 244 to 113 in a single year, the federal records show. Whereas in 1920 it took only four bushels of corn to pay the interest and taxes on an ave rage mortgaged acre of land in the corn belt, a year later it took 12 bushels. Much of the same condition existed in wheat grow ing regions. To prevent a repetition of this "boom and bust" cycle is one of the objectives of the price control program, says Teutsch. Industry, labor and agriculture are all be ing enlisted in the price stabili zation program, according to the national plans. No. n . No. 1 . BUTTER PRINT (Baying Prices) A - - B Quarters liGuS Extra large white's... Extra urge brown Medium Standard Pullets Cracks .40 -7 .40 -39'i 41,i 3d 9 XI .27 SfS 20 23 .19 J JS Colored frys Colored Hens Whita Leghorn hens Whit Lechorn trvm (Baying Prices ml Marion Cmmem (Subject to Change Without Notice) BUTT ERF AT Premium No. 1 No. 1 EGGS Large A Large dirty extras Large B Medium A Medium B Pullets Checks and under grades Colored hens Colored fryers ... Colored fryers under 2,i lb. Colored fryers over 2l,i lbs. Leghorn fryers Leghorn hens Stags Old roosters .41 .40 J7 38 .25 .25 .25 5 20 M .17 1 .17 .18 .14 .15 .08 .05 No S poultry AS less. LIVESTOC- ( Buying prices for No. 1 stock, based on conditions and sales reported up to Spring lambs 13.00 Ewes 4.50 Hogs, top 160-225 lbs. 14.00 Sows 9.50 to 10.50 Veal, top 13.00 Dairy type cows 7 50 to 8.00 Beef type cows 8.00 to 9 00 Bulls 8.00 to 10.50 Heifers , 7.00 to 8.00 Dressed veal .19 HOPS (Baying Prices) Seeded 1942 contracts .38 to 43 WOOL. AND M OR AIR Wool Mohair 45 43 Wheat Gains Back Losses CHICAGO, June CHThe wheat market's recovery was halt ed Friday but net price losses of as much as a cent a bushel at one time were regained before the close. Traders blamed the reaction on a letup in mill ana flour trade de mand, uneasiness because of war reports from the Pacific and re iteration of statistical data show ing the size of the domestic sur plus. Seme late buying was stim ulated by crop complaints from Kansas suggesting recent deter ioration because of dry weather in some localities may reduce pros pects of a bumper harvest Wheat closed unchanged to 3i lower compared with Thursday, July ll.18-l.18Vi, September $1.20-. Trade reports indicated flour and wheat purchases stimulated by recent wheat price declines ap parently had been satisfied for the time being. Produce Mart Prices PORTLAND, June 5.-(Jf) Strawberry prices ranged from $1.15 to $1.40 for 12s on the farm ers' wholesale market Friday with the general spread between $1.25 and $1.40. Cabbage was in keen demand again round sold from $2,75 to $3.00 crate and pointed was most ly $1.00 pony crate. Gooseberries in limited offer ing sold around 5 to 5 cents pound. Peas tf om The Dalles were around 7 cents pound and locals brought 8 cents. it ' Demand for spinach was brisk from 60 cents to $1.00 orange box but rhubarb" moved slowly around 60 to 75 cents apple box. Lettuce sold from $1.00 to $1.50 crate. As paragus was sold before the mar ket opened at $2.75 pyramid gen erally with some up to $3.00. By the dozen bunches, beet were around 65 to 75 cents, tur nips to 80 cents; carrots to 50 cents, radishes to 30 cents and green onions around 35 cents mostly. si Th mooay 7011 nad is rvc-labl to 70a her and now. Inqudxt today at our conYsnismt ad drasm about our person al loan service! For money In a harry see Stale Finance Co. 344 State Phone 9261 Lie. S-213 M-J22 Farmers to Get Price Information CORVALLIS, June 4-(;F)-The federal price control program is to prevent, if possible, another giddy climb in prices of farm products with attendant ruinous slump after the war, W. L. Teutsch, OSC extension service assistant director, said Thursday. State and county extensionists will carry information on the pro gram to Oregon farms and farm communities to win, if possible, their complete support. Handkerchief Shower Given Club Member WEST SALEM Mrs. John Wight was given a birthday sur prise party and complimented with a handkerchief shower Mon day. Those present were Mrs. W. D. Phillips, Mrs. Homer Harrison, Mrs. E. S. Coates, Mrs. W. Welch, Mrs. George Lathrop, Mrs. E. A. Dickson, and Mrs. Elmer Rier son, all members of the Jolly Time Quilters club. Raspberries Appear PORTLAND, June 5.-(P)-The first home-grown raspberries of the season offered on the farmers' wholesale market brought $4.00 crate Friday. C7) (r rlri Ai) 1 X!1 VeV Dr.Y.TXjun, N.D. Dr.G.Chaa, N.D DRS. CHAN-LAI4 CHINESE Verbalists 841 Norta Liberty upstairs Portland tfUnral RW fn Office open Tuesday and Saturday only -IS a. m. U 1 p. m.: t to 7 p. m. vwHMum, , Ktioea prewar wins tests are free of charge. ' Practiced fine 1911 WOTTA UFE ! WCTTA LIFE! W&SH IS LOSING DOLORS. SHE DONT WANT HIM TEST-HOPPING. ' HE CANT AFFORD TO WWW HEP. UNLESS HE DOcS! BUT VWftSfc v HOP HARRIGAN SOMEHOW, SOMEBODY CUT ' THOSE CONTROL WIRES f WF DIDNT SEE A THIN-! WE WEftf RIGHT THERE ! fT WAS A GHOST.' IT MUSTA BEEN A GHOST 1 rrS GOT M" so j-j-jrrTCRV.... scfi J I g-q-gosh eV- S-SAKES, 1 HAPPENED! H-HOP. . rrs J w-what HAPPENED! HAP-HAP- HAPPENED ? J THE TEST! 1 I'M A " FULL-FLEDGED j PILOT! J ---i-ryu BARNEY GOOGLE -"W WE6S S WV WC -ZT wu?sx evtvr iiiiiiiiiiiiiiiiiiiiiiir ( OHOW ' OOFYGOESl MECCILY ON THAT HE ISA BIT CUCKOO, (CH YES, IT'S POSSIBLE?) SINCE A6NES BOPPED A BUTTERFLY ON HIS HEAD! MICKEY MOUSE ' XL BLAsST THUH SWABS! THEY'VE JSv uA Sl GONE AsN' SCUTTLED THUH VXMvC f . - t SHIP' 1 7 Xv W -a Can mi. v Dm r I -tyg-SSg- "- ftygg'- - W K RjrrJ 0' XHM THUH LIGHTS OP TH' AIRPORT! "ff7 I'M SETTIN"ER DOWN, BOYS. WITH HEAVENS j j HTS-- THIMBLE THEATRE U6SIN-J, OLIVE, I THOUGHT THE YAPS J II fjjB GOT t-Mr-t r-r- TT CAPTURED SOU ! AUJAS 1 rTHEg DIP, BLTr-JT 'Mpy rHOUJ'S ABOUT THEN CARRIED HER TO KgAPETVj ITS Taimtcha tired, ouve ? J VOO&i! I'M dUST 6ETTIK16J (JUARMED J, J OH, ANNIE, ITS LIKEyt DRLAM.' TOTWINKOUTOF ALL THE NICE Kf0S,THY PICKEDMETOBE THEIR tlTTLE GIRL . IS IT REALLYAN' TRULY TRUE? 1 OF COURSE ITS TT&E JylESTEKQtyl tnrl I WHEN 1 SAW THE WW -"C"! IIP 1 I THAT LOVELY LADY LOOKED tT 1 I m r if 1 1 " 1 1 f ill I I YOU, I SAID TO AwDcLr, 'GLUTS I I t1L LITTLE ANNIE ROONEY b3srBTsT DCWVOUCRYAMy J KEEPVOIR FATHER AWREORAtArBE VOURJ AMD MOTHER VOITWa FPLK5 VJOtfT KNOW JOT-T, , , J I 1 jy B mm wHSBf n-j'j hiiiii1"' J 7 - n ii i Gtt,tKL7bUI tLLAS LUCKY M NOW 5HE'5 GOT FOLKS AN A HOME. CTUST UKE REGULAR KID5 HAVE 'OXiRSE.THlS PLACE 15 SWElt-BUT Z GUE55 THERE'S WOTWfN'AS NICE FOR ANY WO A5 A FATHER AN1 A40THER as n re. Ki TiMlmm V-V. t. WH T&m 1 :v J vMkS-mi, ' JmJJU "3Zs)P(sissiBar ii-. . . 11 ' ' i;i''h " j : THE LONE RANGER SORRY, BOVS but rv cotthat MASKED MAN PER A DEPUTY AN' HE SMS VOU'RE TUH STAY THERE; I CANTT LET YUH OUT.' tM COtN' TUH OTT A BREATH OF PRESHAJ j