PAGE EIGHT
Hi OREGON STATESMAN. Sedan. Oregon. Tuesday Morning. July 23, 1942
Stocks Trend
On Upside
. Rails, Steels, Motors
"React to Buying
In Light Gains
NEW YORK, July 27-W-Se-lective
buying in rails, steels, mo
tors and specialties again provid
ed the main . recovery fuel in
i Monday's stock market but de
mand even in these groups was
far from urgent i
The, list, ragged at the start,
improved after mid-day and, at
the best, gains ranged from frac
- tions , to a point or more. Plus
marks were reduced or cancelled
. in many cases at the close al
though final -trends were fairly
, steady. - -: . " '
Dealings' never attained any
real momeptum and transfers for
the full stretch amounted to 2M,
830 shares compared with 261,840
in the. previous full session.' The
i Associated : Press .'average of CO
: stocks was unchanged, at. 36.7. Of
S50 individual issues traded, 221
were up, 159 down and 170 un-.
changed.
1 Few purchasing incentives were
. found in the war news, the tax
outlook and generally confusing
Inflation sentiment The feeling
persisted, though, "that growing
idle cash throughout the nation
soonerxnr later would be diverted,
at least partially, to securities.
" Rails continued to benefit from
..revenue statements showing sharp
climbs in net income for most
roads during the first six months,
although there were scattered ex
ceptions. Industrial company pro
fit statements still confirmed the
impact of mounting taxes and
costs.
Santa Fe established its best
quotation since 1938. Southern
Pacific went into new high
' ground, ending with a net loss
of
Elsewhere stocks ' emerging
with 09in inpliirioi TT S KIpaI
- Y o u n gstown , Sheet, Chrysler,
Standard Oil (NJ), Kennecott
: Goodrich, Douglas Aircraft, U.S.
Gypsum and Consolidated Edi
son. Gamewell common was up
2 in response to a big increase
in the fiscal year's net.
On the offside were General
Mot b r s, American Telephone,
Westinghouse, General Electric,
Sears Roebuck, Anaconda, Union
Carbide and U. S. Rubber.
Strictly Private"
Profit Taking
Sends Wheat
Downward
CHICAGO, July 27-()-The
heat market gave up about half
if last week's advance Monday
iM profit taking and hedging sales,
9ie latter resulting from accumu
fated receipts over the weekend,
jook their price toll.
"Wheat dipped as much as a
lent early in the day, rallied to
Ground Saturday's close at times
but then weakened again and
dosed "- cent net lower, Sep-
ember $1.19-1. 19 V4, December
Buying sentiment in the wheat
it soon was curbed by lagging
Jour trade,- which has been com
: faratively slow since heavy busi
less worked early in the month,
Sid by indications that farm
ock legislation designed to lift
; agricultural . commodity prices
tiay be held up in congress.
Pending is a bill to raise gov
, irnment crop loan rates to parity
. ahile - legislation to revise the
aasis of computing parity is ex
ected to be introduced. The pres
Went has before him a measure
; )o create an agency for produc
; Honv of synthetic rubber from
kin. Talk of anti-inflation steps
Washington also restricted
grain. 7
P Wa
uyers.
By Quinn Hall
Hedging sales were small, due
' to the effect of limited embar
goes on shipment of grain to
leading, terminals and to the fact
tanners who have storage space
ve holding grain for government
- loans. However, some, hedging
... tiay have .been done , to offset
, jxpanding harvest operations in
the spring ' wheat belt traders
aid. The bulk of the winter
ivheat movement is ; believed to
have been absorbed for the time
being. ' . , " " " 1
. Receipts at 12 principal inter
ior terminals totaled 2,862,000
bushelv about 5,000,000 less than
l week ago and 9,000,000 less
than a year ago. Much of the re
' eeipts was said to represent ship
ments direct , to mills and elevat
ors since ppermits for' storage
grain have been restricted.
V VS. 'SCCAAl-1 B-VBtfK To)
f. OFLAR. AAAU:-
IVJISH AUWEL LNED.MEAR CWROUR
r
14.
W A1HT CEFlMnE. BUT ND8CCV SEEMS
mr io Ct&&CW OEM KH5HT .THE GUYS
b cttun a rva tiuc wesuif "mnc fitci armnjtl
IMW T I V--as fmf0mm-9 w sw
' ' VfcOS. SON
f S- AMD THE. ItJCT
Kk&wr Tvey co rr
AIL OlEfe AS-MN-
''J
T27
Salem Market Quotations
The price below supplied by a lo
cal grocer are Indicative ol the daily
market prices paid to growers by Sa
lem buyers but art not guaranteed by
The Statesman:
VEGETABLES
California plums, apricots, peaches
-.s crate,
Cabbage
Carrots, dor.
Cauliflower, crate
Celery, green
Cucumbers; hothouse
Garlic, ib. .
Onions, dry white
Onions, dry. red. yellow
Onion, green
Peas
Potatoes, 100 lbs. No.
Potatoes new
Radishes, doz.
Turnips, beets ,.
Lettuce
2.80
0
1.85
3.75
1.00
JS
1.00
2.50
.45
.11
1 new 3.00
M
GRAIN, HAY AND SEEDS
(Buying Prices)
Oats, No. 1 i 35.00 to 38 00
feed barley, ton 33.00 to 35.00
Clover hay. ton 13.00
18.00 to 20.00
- 1.75
2 35
2 45
.90
Alfalfa hay. ton
Dairy feed. 80-lb. bag
Hen scratch feed
Cracked corn ,
Wheat
EGGS AND POULTRY
(Baying Prices of Andresen'i)
(Subject to Change Without Notice)
BUTT ERF AT
Premium .44
No. 1 MM
No. 2 .
BUTTER PRINTS
(Buying Prices)
A
B
Quarters -,
EGGS
Extra large brown
Medium
-42',i
.41
431,,
2S
22
Standard
PulleU
Cracks
SX
23.
XI
M
J9
J6
18
Colored frys
Colored hens
White Leghorn hens
White Leghorn frys ...
(Baying Prices of Marion Creamery)
(Subject to Change Without Notice)
BUTTERFAI
Premium .44
No. 1 ; A2',k
NO. 2 9',
EGGS
Large A
Medium A
Large B
Medium B
Large dirty . .
Checks, undergrade
Funets
Colored hens
Colored fryers
Leghorn fryers :
Leghorn hens under 3',i lbs.
Old roosters
J5
J2
22
20
20
.26
M
M .
2
J9
.15
.06
No. 2 poultry .05 less.
LIVESTOCK
Buying prices for No. 1 stock, based
on conditions and sales reported up to
sprinf lamDS lu.oo
Ewes 4.00
Hogs, top 160-225 lbs. 14.00
Sows , 12.00
Veal, top ; 13.50
Dairy type cows .
Beef type cows
Bulla
Heifers
Dressed veai
BOPS
(Buying Prices)
Seeded
1942 contract
6.00 to 7.00
7.00 to 8.50
. 8.00 to 10.50
7.00 to S.00
J.9
WOOL AND MOHAIR
Wool .
Mohair
2Z to 43
.45
.43
Quotations at Portland
Produce Exchange
PORTLAND. Ore.. July 27 (AP)
Produce exchange: Butter: Extras,
41',; standards, 40; prima firsts. 38;
firsts. 37.
Butterfat, 3-43a.
Eggs large extras. 37; standards. 24;
medium extras. 35 V: standards, 32.
Cheese: Triplets. 22c; loaf 23c.
Portland Produce
Board Meeting Tuesday
SALEM HEIGHTS? The Civil
Defense Coordination board will
meet Tuesday night at the hall at
1:30.. : -
! Dr. J.TJLam. N.D. ' Dr.G Chan. SJJ
DH3.' CHAlf - lAIa .
CHINESK FerbalisU
i " 241 North IJaerty
" Prtalrs Portland General Cle Co
C.i tee open Tuesday and Satnrday
only 18 a. at ia I a. .; 6 to I n. sa.
tonsoiution, Blood pressure and
srlaa tt are free or charge,
Practiced "lace isii
PORTLAND, Ore., July 27 (AP)
Butter Prints. A grade. 43,c in
parchment wrappers, 44',ic in cartons;
B grade, 42ic in parchment wrappers,
43lsc in carton.
Butterfat first quality, maximum of
.6 of 1 per cent acidity delivered in
Portland, 42-42 'ic lb.; premium quality
(maximum of .6 of 1 per cent acidity),
43i-44c lb.; valley routes and country
points. 2c less than first, or 40',tC lb.;
second quality at Portland. 2c under
first, or 40-40iaC lb.
Cheese selling prices to Portland re
tailers: Tillamook triplets, 28'ic lb.;
loaf, 29,kc lb.; triplets to wholesalers,
261c lb.; loaf. 27c lb. L o. b. Tilla
mook. Eggs Price to producers: A large,
35c; B large, 33c; A medium, 33c; B
medium, 30c dozen. Resale to retail
ers. 4c higher for cases; cartons 5c
higher.
Live poultry Buying prices: No. 1
Sade Leghorn broilers over VM lbs.,
c; colored fryers, 214 to 4 lbs.. 24c;
colored hens. 21c; colored roasters,
over 4 lbs 26c lb.; Leghorns, under 214
lbs., 17c; over 3 lbs., l',ie; No. 2
Eade hens. 5c less; No. 3 grade, 10c
; roosters. 8c lb.
Dressed turkeys Selling prices: Now
crop. 33-35C lb.
Rabbits Average country killed. 28-
30c lb..
Cherries Mid-Columbia Bings. Lam
berts, loose, 14c lb.; packed. 2.50 per
15-lb. box. Royal Ann. packed. 10-12c
lb.: early pie stock, loose. 10c lb.
Hay Selling price on trucks: Al
falfa, No. 1. 23.00-24.00 ton; oat-vetch.
18.00 to asked. Valley prices: Willamette
clover, 15.00 ton asked, valley points;
timothy, eastern Oregon. 25.00.
On tons Green. 40e dox. bunches;
red. 50s. 1 25: yellow, 1.40; Walla Walla,
1.00-1.10.
Potatoes, new Yakima, 3.25-3.35 cent
al; local. 3.00 cental.
Country meats Selling prices to re
tailers: Country killed hogs, best
butchers, 129 to 149 lbs., (ceiling price).
17-1714C lb.; vealers, fancy, 2l!i-22c;
heavy, 16-lSc; canner cows, 12',4-13c;
cutters, 13-14C lb.; bulls. 16-17c lb.;
spring lambs. 20-2 le lb.; yearling lambs,
f ood. 18-lSc; do heavy, 12-15e lb.; ewes,
c lb.
Wool 1942 contracts. Oregon ranch,
onminal. 34 -37c lb.; crow breds. 40-42c.
Hops Seed stock. 1941. crop, 40c lb.;
1942 crop, seeded. 45-46c lb.; seedless,
50-Slc.
Cascara bark 1942 peel. 15c lb.
Portland Grain ?
PORTLAND Ore.. July (AP)
Wheat - Open High Low 1 Close
September J514 JKk
December 1.00V4 10V . M'a W
Cash grain: .Oats, barley and corn
unquoted.
No 1 fax. 2.41.
.Cash wheat (bid): -
Soft White, 1.02; soft white exclud
ing Rex. 1.04 '4; white club 103; west
ern red. 1.05.
Hard red winter, 10 per cent, 1.02;
11 per cent. 1.06; 13 per cent, 1.10.
Hard white Baart. 10 per cent. U2;
11 per cent. 1J.4; 12 per cent. 1.16,
Today's car receipts: Wheat. CO;
barley, 15: flour, 14; corn. 3; oats, 9;
bay, 2; mifeed, 4; flaxseed, 0.
-' uasa wuTS. saiys. tiosi 8om
Portland Livestock
PORTLAND. Ore, July 27 (AP)
Cattle, salable. 1800; total. 1800; calves.
saiaoie ana total, auu; nogs, saiaoie
1600; total, 1800; sheep, salable, 1000;
toUl 2400.
Barrows and ciiu. cd-ch.
140-160 lbs. : -.$14.00 14.75
do gd-ch. 160-180 lbs 14.50(0)15.25
do gd-ch, 180-200 lbs. 15.00155
do gd-ch. 200-220 lbs. . 14.75 15.25
do gd-ch, 220-240 lbs. 14-259 15.00
do gd-ch, 240-270 lbs. 14.0014.75
do gd-ch. 270-300 lbs 13.85 145
Feeder pigs, gd-ch. 70-120
lbs. 15.50 17.00
Steers, good 900-1100 lbs, -S13.$0 14.35
do med. 700-1110 lbs. 11.25(ri 13.50
do com 700-1100 lbs. .. 9.2511.25
Heifers ,gd 800-1100 lbs. 12 J5 12.40
Ganners Given
Price Formula
Canned Fruits, Berries
Included in New
Rule From OPA Head
WASHINGTON, July 27
Formal announcement of the for
mula by which canners may pass
on their actual increased labor
and raw material costs by the
1942 pack, of canned fruits and
berries only was made today by
Price Administrator Henderson in
the issuance of maximum price
regulation 185, canned fruits and
canned berries.
The new rerolation effective
July 29, 1942, provides relief to
the canners through .15 to 21
per cent Increases In his celling
prices by use of the formnla,
. Wholesalers and- retailers
new. preparing to merchandise
the 1942 pack' of canned fraita
and " berries -In turn, will be -provided
relief by OPA rero
lation, Ukriy to be Issued with-"
in. the next fortnight. This ac
tion possibly lifting, wholesale
and retail price 10 to 25 per
cent depending on the: item af
fected, is expected to take place
before the majority of the 1942
canned fruit items are available
for distribution from store
shelves. Thus, this will avoid
even a temporary squeeze on
distributive channels.
The formula which canners will
use in determining their ceiling
do med. 500-900 lbs.
do com 500-900 lbs.
Cows, gd, all wts.
do med. all wts.
do cut-corn., all wts. ,
do canner, all wts.
Bulls (ylgs. excld.)
Deer, go, all wts.
do saus. gd. all wts.
do saus. med. al lwts.
do saus cut-corn, all wts. :
Vealers, gd-ch., all wts.
do com-med., all wta.
do culL 75 lbs. up
Spring lambs, gd-ch.
do med.-gd.
oo com.
Yearling wethers,' shorn.
mea-ga.
Ewes, shorn, gd-ch.
ao com-med
10.00&10.25
8.00 10.00
9.00& 9.75
8.25 9.25
6.25 & 8.25
5.50 6.25
10.50011-00
10.25 & 10.75
9.25 ti 10.25
8.50 9.25
13.00 14.00
8.50 13.00
7.00 6 8.508
..$1 1. 75 & 12.25
10 25311.50
9.00 ft 10.00
8.00 p 8.75
3.50 i2i
IM 3.50
Wool in Boston
BOSTON July 27 ( AP) (USD A )
The Boston wool market was very
quiet today with prices unchanged.
Some half-blood Ohio staple wool was
sold at 48 cents grease basis delivered.
A little fine-graded staple territory
wool was sold at $1.18 cleaned basis.
Some interrest was reported on foreign
wools to be imported under govern
ment war risk; insurance rates.
Bean Picking
To Start Soon
SILVERTON Bean picking
will not begin until the second
week in August, according to V.
V, Emtson, local . cannery man
ager. This is about two weeks
later than in normal years. -
UNIONVALE Local women
and girls ; are employed hoeing
and stringing 1 65 acres of Blue
Lake beans on the various farms
of U. S. Alderman.
Picking is scheduled to start
Monday, August 3. There are 21
who have.; worked continuously
since potato cutting, for planting,
began. .., ".
7A
' Try as of ChlaeM remedie
AaaaxiBC SUCCESS for 50M
years as CHINA. No matter wttk.
what auaaent yea art AFFLICT
CD disorders, samltls. fceart
tang. Ireer, kidneys, stossacs.
gas, eensti nation, cJcers. dia
aetis, fever, skiav female eosa
plaiats -
Ctarlie Ztzn I
Chinese Herb Co
omce Bears Only
Taes. and 1st-
-a.aa ta 8 and
San and Wed, f
to 18J8 pjm
.
122 N. ComX Et, Salem, Ux.
prices for the,' 1942 pack, as in
dicated in the new regulation is as
follows: .: . s- v :t . ;
L Calevlate the. weighted
average price charred per
dozen, free on board factory, on
spot sales of each kind, variety,'
style and can size of fruit and
berries during the first 69 days
after he began to pack each fruit
in 194L v
2. To this figure, the canner
adds 19 per cent, covering all In
creased costs other than raw
materials.
3. To this total the canner
may - add the difference - be
tween the weighted average cost
of the raw material in 1941,' de
livered at the factory, and the
weighted average cost of raw
material delivered at the fac
tory this year.
' Two exceptions are made to this
limitation ' in the new regulation.
One is i in', the ' case of berries,
which are allowed price increases
of not exceeding three cents per.
pound. This permits prices of
berries to growers somewhat high
er than the section 3 A require
ments. The other exception made
is; in clingstone peaches, which al
so are above the 3A levels. Cling
stone' peach canners will be al
lowed to pay growers $55 per ton,
or $7 over section 3 A require
ments. In calculating raw material cost
increases and hence . the ceiling
price, the canner cannot compute
until he has purchased 75 per cent
or more of his 1942 requirements.
The ceiling pride computed by ap
plying the formula is final for
1942 pack. It will not be adjusted
in accordance with' subsequent
fresh fruit purchases.
Should the canner be unable to
show sales of the particular can
ned fruit or berries iff 1941, and
thus, be unable to utilize the
formula, three other, alternatives
are open to him for pricing.
These are: (1) Use the estab
lished differentials In effect, or if
not available; (2) use the ceiling
prices of the nearest similar com
petitor, of the . same class, or if
that is not available; (3) ask OPA
authorization to set a price. -The
following fruits are cov
ered . by. the . regulation apri
cots, sour cherries, sweet cher
ries," figs, clingstone , peaches,
freestone peaches,, pears, plums,
fresh prunes, blackberries, blue
berries, boysenberries, cranber
ries, gooseberries, huckleberries,
, locaa berries, black raspberries,. -
red ' raspberries, . strawberries
and youngberries.
Also covered are fruit' cocktail
fruit for salad, and fruit juices.
--
Stocks and Bonds
- July 27 .,. -
Compiled by. the Associated Press !
BOND AVE AGES r - .. . J . v '
- - 20 10 10 .
' , Rails Indus Utl)
Net change ' A .1 - Unch Unch
Monday - 61.8 103.4 , OSS
Previous day SIS" 103.4 95.8
Month ago 60S 1031 9SS
Year ago 647 104J 102.1
1942 high 65.6 103.7 100.6
1942 low 5S.4 102.6 93.6
10'
Tgn
D .1
49.0
49.1
48.3
46.3
49.6
41.5
STOCK AVERAGES
38 IS IB 60
Indus Rails Util Stks
Net change Unch Unch A .1 Unch
Previous day 53.4 16.3 23 J 36.7
Month ago SIS 15.1 22S 35.3
Year ago 63S 18.5 ; 32.4 44 3
1942 high 56.0 17.6 27S 38.7
1942 low 46.0 14.4 21J - 32.0
Baptist Picnic Held
Sunday at Dallas Park
MONMOUTH ft be. Baptist
church congregation . enjoyed a
picnic. Sunday after the' morning
service at the Dallas city ipark.
About 3f were present Several
other Monmouth groups were ob
served picnicking in the park also
Sunday ) ' ; ;.. .
'1
To a larger, more practical location where com- .
plete privacy is available for consultations-
You are cordially invited to inspect our new
offices and investigate the State Finance Co.'s
- dignified credit terms on personal loanar -,
Our Neio Address Is .
212-222 Guardian Building
Corner : Liberty and State
- Tclephono
Co)ivQ)(o)
wsim
Em
E. A. Miller, President
Floyd Kenyon, M&t. & Sec,
License Numbers
S-216 and M-222
GO AHEAD START J EVEN IF VOU OiO I
YOUR ENGINES WRECkT THE RUN-
VOU'LLONLV r WAY. THrS PLANE
FAN THE CAN TAKE -OFF.' ITS
FUSE... J I GOT ENDLESS
TRACK LANDING
GEAR
HOP HARRIGAN
UAUAHA! TRY IT fif
VOU'RE TOO LATE!
WE ALL GO TO 6LORYJ f V
THIS HieWTTyJ
WiiMM Si
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CAME TO YOU, WZ.
BEEVES, BECAitSET
YOUR BENEVOLENT
WORIC FOR.
AN1AAALS IS SO
WELL KNOWN!
U1. Vs? AJJlUAvl C -l
V HOW I LOVE THE M
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MICKEY MOUSE
TO ENDOW A ZOO... M
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LI ICE THAT!
ITS JUST TO R6W
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OF ONE
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uok-? Oh.no!
T SOERV!
I KACnS LIONS!
W( THEY SCARS ME Ufltg
PjMNWY ll
WHATity ljvT"
HEAVENS.1 JM I OFFERED TOT HE HSA
POPE4E HAS 60NEACCOMmWV rjUET IM
FOR HI9 ORDER4 ) HIM, "BUT HE: JMM HOTEL
ALOMEi HE IDENT T?EFU6EO T UJE MlKST
8V HIMSELF rrz--r-s PROTECT
' T" (HIM FROM
IVm JS
THIMBLE THEATRE-
(DELL, I'MASPV.l
5HOLUDkK)OaJHOa)
THE 5RES UJIlL
UJORK
I 1 I VJv.N
HI, OLIVER -WHXT5 WRONG ? f -AFTER ALLTHE THANK VOU RJR
YOU LOOK AS THOUGH YOU I YEARS VOU SPEWT-J VOlB? SYMPATHY
LOST YOCR EZST FS52KO-. 1 -WORRyiMG TT MRAUW3RI
I RECKON yOU HAVE A RIGHT wr WORKING AM TOO OLD TO
10 BEA MTTE UPSET TURNIWfii "TO vCTi fUSHT.SOJ AM PfXWl
THIS WHOLE PLACEDCZ rCTl T-v" 1TOBEABLETOD0
OVtBTOTKE
GOVCRXMZMT
RANSOWE CANT AFFORD TO FW ANV MORE HE CANT SELL "EM y BUT H5 WADt
fOR HtS FURS THAN I DO, YET HES OFFEWM' II ANY MORE j tOJSOF CASH
TtiKB AS MUCH. S-nvL-V11 THAN I 0Q r FROM HS
r" If W - m .in ii " hi m ii i ii I I I .
CAN SETT YV
' A SP7- ) (ME?
I SEE tOUOT
HOLXZ ORDERS -
OPEMIKJi A
"POPEAVE"
FROMT?
AINTT TELUM-HA NOTHInI
- OM ACXrxJMTOF I POKf Tj
23 V MsClJ
TM UPSET BECAUSE I DIDMT LOSE
OK2 OFAfy 3T FRtlNDS - ATHDUGHT-
LESS WOMAN PROMISED TO ADOPT
LITTLE ANNIE ROOMEy THEN.FORNO
APFKRENT REA50N.THE LADY
CHANGED KSgMIND J
MUST HAVE BEEN
INSANE-XKNOW
ANNIE-SHE'S-;
NOW DONT WORRANY MORE. AWNIE
VOLTRE LUOCy THATOLD 5CATTFP-RBAJM
CHANGED HER AUNUAFTER SHE
PROMISED TO ADOPT OU
THAT WOMAN U rTATrCk-BRA&M tTVlASlTUfV
WULT "CAUSE F
(I HAD BLUE EVES AM'
j GOLDEN HAIJ?, EVFCi
VTM4G WOULD BE
.SWELL
HE PLANS T3 POT XOU OUT OF BUS
INESS, NO MATTER WHAT IT COSTS
VilM. THEM HE CAN CUT THE PWCt
DOWN AS LOW AS HE WANTS,
THE LOI RAIIGE3
LL SrWATOlO AUT "bI