The Oregon statesman. (Salem, Or.) 1916-1980, November 10, 1942, Page 10, Image 10

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    Financial
(Go
mimics
f i ;
Thm OREGON STATESMAN. Salm Oregon. Tuesday Morning. Ilorember 10. 1942
PAGE TEH
Farm:
IVilaFl!
Stocks Work j
Both Sides
Average Unchanged as
' News Brings Both
Selling, Buying
NEW YORK, Nov. 8 -P)
Blocks -worked at cross purposes
in Monday's market as the gen
erally good war news Inspired
heavy buying of peacetime favor
ites and the unloading of many
leaders with cloudier post-war
prospects.
The Associated Press average
of 60 stocks was unchanged at
40.8 which, incidentally, was the
best mark since November 5,
1941, - recorded Saturday. Trans
fers of 1,207,643 shares compared
with 856,830 last Friday and were
the largest since December 31.
; In the new high division
some eventually cut or cancelled
initial advances were General
Motors, Chrysler, Yellow Truck,
Montgomery Ward, Sears Roe
': buck, Woolworth, J. I. Case, In
ternational Harvester, Interna
tional Telephone, Dome Mines,
" Dow ' Chemical, Johns-Manville,
Standard Oil (NJ), Radio Corp.,
and American Cable and Radio.
Allied Chemical was a wide mov
er with a gain of 4V4 points.
Prominent on the downside
were Santa Fe, NY Central, Penn
sylvania, Southern Pacific, Great
Northern, US Steel, Bethlehem,
Douglas Aircraft, United Aircraft,
Glenn Martin, Youngstown Sheet,
Kennecott, ' Anaconda, Western
Union, Goodrich and US Gypsum.
Cash Wheat Price
Averages Higher
. i
Cash wheat prices at Portland
slightly better than one cent per
bushel higher during the week
ending November 6, as compared
with the previous week, according
to the department of agriculture.
The higher prices were not as a
result of an active demand for
wheat in this market but partial
ly reflected the advance in the
option market at Chicago, which
amounted to about two cents per
bushel for the period. The only
interest mani festoon the part of
buyers was for small quantities
of special grades of wheat to ap
ply on previous sales to milling
companies.
Milling operations were very
much curtailed, on account of the
decline in flour sales. Reports in
dicate that bakers and flour deal
ers are not increasing their flour
stocks, preferring to await the an
nouncement of the permanent
flour ceilings expected about De
cember 3. Export sales of flour
to the Americas under the wheat
flour export program were only
- moderate, during the week. The
Commodity Credit corporation
reports that sales of food wheat,
' through the Pacific coast regional
office, continued rather heavy for
the period. Wheat receipts at
Portland were 97 cars, as com
pared with 92 cars the. previous
week. :..
Stocks and Bonds
November 9
f Compiled bv U" Associated Press)
STOCK AVKRAUES
ao is
Indus Rails
IS 60
Vt Stk
3.f-9...n
27.3 40.8
STOCKS
Monday 58.5 18.S
Previous day 58JJ 19.4
Month ago 57.0 19.S
Year ago 57.5 15.8
JS42 high 58.5 19.7
1942 low . 46.0 14.4
27.2
26.2
29.7
27,3
21.1
40.0
40.0
40.0
40.8
32.0
BOND AVERAGES
20 10
Rails Indus
10
mn
98.0
98.1
97.5,
10
Fn
51.6
51.0
60.7
47J
51.6
41J
Monday 65.5 103.6
Previous day
Month ago
Year ago
1942 high
1942 low
.660 103.5
.65.5 103.3
.62.5 105.1
102 X
.662 103.7 100.6
..59.4 102.6 93.6
German General Captured
i V 4hx- . A ... I
' f 4 ' I'-
Gexu Hitter von Thoma, commander ef the German Afrika, Korps
-J third or the top-fifxht axis leaders In the African desert war,
lvivS ahead ef s British ofHcer, In this official British picture,
t"."T his recent capture. (By radio from Cairo) Associated Press
"Strictly Private"
7
L
dear iMcyu-.-
1
I GOT VDUR. TJCAV BIT 1 THB4K.
VtXJ WHM GOT MIXED UR.I SAID I
BEACH Wn3XBJT W AJHT BGGSLACKiy UE
lie UFE SAUBZS AT EECifeS. BACKHQlAfe:
All.
THE GIRLS HERE
APE. GOOD SWIMMERS.
W4m WoM f tfjt
Quotations at
Producetxchange
PORTLAND. Ore., Nov. 9 (AP)
Produce exchange: Butter: Extras 49;
standards 48 prime firsts 47,i;
lirsts 45',a.
Butter fat: 5314 at 54.
! Eggs: Large extras 48: standards 42;
medium extras 42; standards 38; small
extras 30; standards 28.
i Cheese: Triplets 25i; loaf 27,i.
Portland Grain
i PORTLAND. Ore, Nov. 9 (AP)
Grain: .
Wheat: Open High Low Close
Dec. 1.10 1.10 1.10 1.10
Cash grain: No. 1 nax z.tu.
Cash wheat (bid): Soft white 1.14:
soft white excluding Rex 1.17; white
club 1.17 la western red 1.16.
Hard red winter: Ordinary 1.11; 10
per cent 1.14; 11 per cent 1.17; 12
per cent 1.19.
Hard white Baart: 10 per cent 1.18',4;
11 per cent l-20',i: 12 per cent 1-22'i.
Today's car receipts.; Wheat 31. bar
ley 3, flour 4. corn 5. oats 4, hay 1,
millfeed 10, flaxseed 4.
Portland Livestock
PORTLAND. Ore., Nov. 9 (AP)
(USDA) Cattle: Salable 2200. total
2800; calves, salable and total 300; good
cows active, strong to: 25 higher, most
loads 9.50-10.00; good steers shared
advance in. instances; other classes
steady to strong; few loads good beef
steers 13.65-85; medium kinds 11.50
12.25: most medium heifers 10.00-11.00.
one good load 12.50; common to med
ium cows largely 6.50-9.00: canners
and cutters 4.50-6.00: bulls up to 11-25;
good and choice vealers I4.uu-i3.uu.
Hoes: Salable 2750. total 3200; jnar
ket unevenly steady to 15 higher than
Fridav. spots ud more; good and
choice 170-220 lbs. mostly 14.25-40. ex
treme top 14.50: lighter weights 13.00-
14.00: 220-200 lbs. largely w.ou-n.za;
good sows 12.25-75. few 13.00; feeding
nin 15 00-50
Sheep: Salable 1400, total 1700; fat
lambs strong to 25 hiKner: eooa ana
choice wooled natives 12.25-75: others
rradine medium to good I0.so-iz.uu
ewes scarce, steady to strong, few
good lots 4.00; others grading common
to medium
Portland Produce
PORTLAND. Ore.. Nov. 8 (AP)
Butter Prints. A erade 52-52VaC lb
in Darchment wrappers. 53-53 ',ac in
cartons: B grade 51-51c in parch'
ment wra Doers. 52-52' ic in cartons.
Butterfat First quality, maximum
of .6 of 1 per cent acidity, delivered
In Portland. 53,i-54c lb.; premium
quality, maximum of .35 of 1 per cent
acidity, 54' i-55c lb.; valley routes and
country points 2c less than first, or
52c; . second quality at Portland 2c
under first or Slli-SZc.
. Cheese Selling prices to Portland
retailers: TiUamooK triplets 3ic id.:
loaf 32c lb. Triplets to wholesalers 29c
lb loaf 30c F.O.B. Tillamook.
Eggs Prices to producers : A large
46c: B large 40c: A medium 40c; B
medium 36c doz. Resale to -retailers
3-4c higher for cases: cartons 5c higher,
- Live poultry buying prices: No.
1 erade Leghorn broilers. to 2 lbs.
26c: colored fryers. 2i to 4 lbs. 26c;
colored hens 29c: colored roasters over
4 lbs. 29c: Leghorn hens under 2Va
lbs. 20c; over 3'j lbs. 22c; colored
hens 23 '4c lb.; No. 2 grade hens 5c
less; No. 3 grade 10c less; roosters
IOC ID. :
Dressed turkeys selling prices:
New crop Z8-40C; old crop 37 -38c lb.
By Quinn HalJ
WW
SON
Portland
Rabbits Average country killed
34c lb.
Country meats selling price to
retailer: Country killed hogs, bent
butchers. 129 to 149 lbs. vealers, fancy
23c lb.; good heavy 15-18c lb.: rough
heavy 15c lb,; canner cows 13-13',ic
lb.; cutter 14-15c lb.; bulls 17c; lambs
22-23c lb.; ewes 10c lb.
Wool 1942 contracts, Oregon ranch,
nominal, 34-37c lb.; crossbreds 40-42c
lb.
Mohair 1942 12-month, 45c lb.
Hops Seed stock, 1942 crop 1.16
lb.: seedless 1.50 lb.
Hay Selling prices on trucks: Al
falfa No. 1 23-00-23.50 ton; oats-vetch
16.00 ton valley points; timothy 16.00;
eastern Oregon 23.00 ton; clover 16.00
ton.
Onions Green, 60-65C doz. bunches;
Oregon dry 1.40-1.45; Idaho 1.15: Ya
kima 1.25 50-lb. bag; pickling 15c lb.
Potatoes Klamath 3.25 cental; Ya
kima 3.25; Deschutes 3.25 cental; local
2.50-2.75 cental.
Wool in Boston
BOSTON. Nov. 9 (AP) (USDA)
Interest was shown today in; both do
mestic and foreign medium: wools in
the Boston woof market. ! Domestic
fleece wools were sold at cleain basis
prices of $1.04 for three-eighths and
95 cents for quarter blood ; wools. A
sale of Montana yearling fine wool
was made at a grease price of 54 cents,
or $1.20 clean basis.
Muck Molasses Due
From Sorghum
WALDO HILLS The Klopfen-
stein sorghum mill will produce
about 1450 gallons of sorghum
molasses this season, according to
Walter G. Klopfensetin, ; proprie
tor of the mill.
This amount is 50 percent more
than was produced last year. Vis
itors from all up and down the
valley have been calling on the
Klopfenstein mill and the avail
able supply is reported j as about
"out". A number of growers of
the cane are still bringing in their
stalks for their own production
of sorghum.
Knights of Columbus
At Communion Sunday
STAYTON A large group of
the Knights of Columbus of Stay
ton, Sublimity and Lyons, joined
with the Knights of Columbus of
Jordan in receiving j corporate
communion at the Jordan Catho
lic church on Sunday j morning,
November 8, at the 8:15 mass.
The mass was offered i by Rev.
Father Bauer of Jordan. Later, a
communionb reakfast was served
by the women of the Jordan par
ish. A short program: presided
over by Grand Knight Ed Jacoby
of Sublimity council was present
ed. The next regular; meeting
will be held at Sublimity Novem
ver 17. The annual memorial
service of this council will be held
at Sublimity November; 22.
Power Shows Profits
CANBY, Nov. 9 -(P4 The city
of Can by reported Monday that
Its municipal power system show
ed a profit of $6415 for the past
fiscal year's operation. 1
Uanled!
Ualnnls, Filberts
and Nnl Heals
Highest Cash Price;
Ilorris Iflorfein
Packing Co.
469 North Front Street
Telephone 7633
Dr.Y.T-Laam. N.Ou Dr.O.Chaa. N J
i DBS. CHAN. -LAM
CHINESE legalists
X41 Nortn Ukerty .
rpstalrt rrUad General Cleetrle
C. Office fn Tesda m Sat.
ra anly 1 a-i. tm I U
' Cenaltatla, Blood ores-
r ad wrui tesu are tie ef
cbarg. Practiced Slace 11T
d-
GrainTrade
Unsettled
-.CHICAGO, Nov. Q Extreme-gains
of almost 2 cents in
rye prices, 1 in corn,' and in
oats and losses ranging from ' M
to cent in wheat were reduced
before the : grain market's close
Monday ended an unsettled trade
typified by the divergent trends
of values. j ; ,
During the last hour or; so per
sistent weakness of wheat, which
was lower t practically all season,
affected other grains, j selling
causing a late reaction in prices.
However, corn and oats quotations
reached new highs for the past
month, with December Contracts
at 84 and 51 respectively.
Wheat closed Vk-H cent lower
than Saturday, December !$ 1.25
1.26, May $1.28-.
The trend in wheat was blamed
largely on sluggish flour business
and trade belief that prices could
advance only 3 or 4 cents before
reaching levels at which the gov
ernment's program to release loan
stocks to millers might j be put
into operation.
Soldiers Buy Bonds
WASHINGTON, Nov. 8
The war department estimated
Saturday that nearly 2,000,000
soldiers from privates to generals
now were buying approximately
AVIAHOM CADET BILLIKEM
K& 6EFUOOLEO AJMO L06T
IM A JQUEtT Hl.
ltSrRUCTOR IN THE CONTROL
TCWER TRIES TO fTrVLK
HlKA DOWN" TO NO AVAIL.
THEN. HOP HAA AN IDEA...
T'l I TBV TU.f QIOP: 1
AGAIN.' m eUREj
fr
IBlummer
HOP HARRIGAM
BARNEY GOOGLE
feSL OEJJP NP LEMME
MICKEY MOUSE
I J
HE EATS YTfW ENOUGH, MV
rvMAMnre ) little friemo-
lUKECAMDVySOU WOUJ ART5 A Yr H
2sr MEKABER OF THE J T CTBROME Y
W CXKf'KKl . . . . . . r 1 , -TOt IV - yi VO- MA- I I T- r A
rTHfa J
f rjEsr.AAs?.rxauFs.ou I tmamka. ANNiff-1 W-AH' after SOAAANY 1 1
rrEcnvE atall -vtxi look) to telime ailn happened tome, i got I
AHf HAPpy r' Vvfamuy J, whew i told mrtim.
fx
SO THE TAR- Yf Y&S, 5EH0R, WE CAME HERE j I THE. KNIFE IS NOT MINE. LETMt j tmi ftmrtK ,T7S
AKTutA A TO SEE DON RJCAPJ3Q THE SHOW VOU A TOKEJt, v . VDU ARE THE LONE "
KNIFE WPS im TORERO. WE HOPE TO - I . At f. , RAN&ER J '
TCtmpon Pi RUH DOWN SOME CF THE Z T 1 - (jY&. 3
ins lo::2 nAirGza -T 1 1- r 1 "q 3 .
Salem Market
The -price below supplied by lo
cal grocer are indicative of the daily
market prices paid to growers by Sa
lem buyer but are not guaranteed
by The Statesman: .
VEGKTABUCS -Potatoes.
100 Iba No. 1 new 1.00
Turnips, beets ' , n.:. JU
GKAiM. HA AMD SEEDS
(BaytBS Prices
Oats. No. 1
.28 00 SO 00
26.00 27 00
16 00618.00
16 00 H 00
Feed barley, ton
Clover hay. ton
Oat and vetcn nay
Wheat
BUTTER. EGGS AND POULTBT
Andiesen't Baying Pries - -(Subject
to change wit out notice.
BUTTEKF AT
Premium
No. 1
-S5',i
AIM
No. 2
BUTTER PRINT
A .
52'4
.51 U
-S3',
.43 -
.40
AO
2
M
B
Quarters
EGGS
Extra largo
Medium
Standards
Pullets
Cracks
POULTRY
Colored fry
Colored hens -White
Leghorn frys -White
Leghorn hens
.26--2S
2
21
Ma.rion Creamerv's Butns Prices.
(Subject to changs without notice)
EGGS
Large A
Medium A , .40
Large B -40
Pullets ,, , 2
Checks, undergrades SO
Large dirty .32
POULTRY i
Colored frys
Colored hens .,
n
. J21
. .26
Leghorn fryers
Leghorr hens, over 3",4 lbs. J9
Leghorn hens, under V.i lbs. .17
Old roosters . M
No 2 poultry he less.
LIVESTOCK
Buying prices for No. I stock, based
$13,000,000
payday.
in war bonds every
1-ur?ToJ THE MfTTC H
NOW, DAP PV, OR. WET-L.
WRECK. THE THROUGH
EXPRES6 OW WMECF
THAT TELEGRAPH
Kerr TELwRArtl
A
f
JE KB? OHM0TOf -
V53k. M S&. tfBk. AAA m Kft
"r W2. Kmf Fe
i Syadku. he, WorM richlt famd.
OUTA HEggl J
UJ1LL REM AIM ON HIS
Quotations
on condition and sales renorted.
Spring lambs U.OOfeHllJM
Ewes ., i i
Hogs, top : 160-325 lbs. ,
Sows . .,.
Top Veal 215-400 lbs.
125-219 lbs.j
Dairy type cows .,.
. 3.00 to-3.50
14.00
12.00
. 1X30
12.00
. 4.00 ." to 7.00
. - 7.00 to 8 00 -.00
to 10.00
- 7.00 to 8 00
XI
Beef type cows
Bulls ;
Heifers
Dressed veal ;
Salem Has
New Nickels
Victory t nickels, 1942 model,
made without use of critical met
als, will be in general circulation
in Salem soon. . .
First shipment of the new coins,
lacking entirely in the metal that
gave the US five-cent piece its
nickname of nickel, was received
by Ladd 2d Bush Salem branch of
the United States National bank
Monday; ii C. Smith, vice-president,
reported. They are identi
cal in size and design with the
1941 Jefferson nickels, making
them acceptable for operating pay
telephones j and other .. coin de
vices, Smith pointed out.
The new nickels appear bright
er of finish than the old type and
have somewhat more "ring" to
them when! dropped on a counter.
They carry a bust of Thomas Jef
ferson on one side and a reproduc
tion of his home, Monticello, on
the other.
i tf I'M
M V HOP
R i It
B Mf
fill
i uraxxucooiZw
ruaTS I . I W
AARTTM WAS
'
W3w
Editor-Marshal
Assures Town
Arrests :
OSWEGO.O re, Nov. 8 (A5)
Editor Ed Donnelly of the Oswe
go Review noted there were no
candidates for town marshaU in
last week's election. '
So he suggested jokingly, he
thought, that two of the - town's
habitual miscreants ' be candidates
in a write-in. campaign.
Came the vote counting, and
Donnelly found he had been elect
ed instead. s. : ; .
Donnelly Saturday predicted
he'd be Oswego's best marshal
"won't make a single -arrest,"
Meat t Shortage
Worries Woolmen
San Francisco Alarmed over
what is ' believed will create an
acute meat shortage in California
due to the new meat slaughter
regulations recently put into ef
fect, the California Wool Grow
ers association has decided to
make this issue the key-note of its
82nd annual conference? to be
held here at the Palace hotel, No
vember 19 end 20.
J. Kenneth Sexton of Willows,
TUB MESSAGES W THE
TWO PANEL'S CONTAIN THE
WHOLE ALPHABET IN CODS.
AOV YOU TRY TO
READ THIS
: rm 1 AM
NO! NO! NO!
BPK. H .
ft SP
I I WARN YOU I VCXi'UL. '
'S ' "' " C BE BLOWN
--T X CAN TAKE-f-P
j ' i f ii ni hi i .gA
SE A-VOU MU5T &0 140U) AKlO
SUBMARtMArXTTHERSTTCK f
Oopr. ttcrri8rd1VoriJrigiMuwJV 1 l-IO
1 V I GUESS
ACCIDENTS AIL COLD. I I'M A SCALED v--
BLOODED ATTEMPTS TO V CATCAU5E I
As,,wv(
''7 X
ill 1117 '
YOU VOU
ii
. ... m
president of the organization,
points out that the present quo
tas set by the government regulat
ing the slaughter of lamb, mutton,
and pork, together with the ' in
crease of approximately 16 per
cent in population In the past
year, will make California's quota
assume the drastic proportions of
nearly 50 percent reduction. ! .
f7l
Cope With The
Unexpected ... With
- A Personal Loan !
' Come to us for cash "
- to meet ! those tin- -. !i
- foreseen bills. We i
will, extend a loan
to you 'promptly.
Find out abopt ear dignified
credit terms . . . For money
u a narry
Stale Finance Co.
212-222 Guardian Bldr.
Corner Liberty & SUta
I Telephone
( 816S
Lie. 8-213 M-223
LAST
HAfe.R.lGAN'ASr
BtLLIKN WOCtXd
f-VK SOME PINKY
KAIL RO AO AS A
TELEGRAPHER
AND AMY CODE
WOULD GET HIM
THINKING
CsO BACK TO THH
J
FROM NOW OM VDLnTBE yf
GUARDED WAtfHIGM- l
f will HAiwr TO SMUDGE
1 . I
AMIGO yOU ARE. EAOLY NEt?EP M
MEXICa THE TARANTULA GANG HAS
TERRORIZED US ALL. LET HE TELL
RE B GfiAT PANGEJR
m r
Kan rr
Cntert
Oreyr. n
tinftid i
&trcrt
Mail i
r .
I.