F
Financial:
Co
Hill
PAGE-TEN
Thm OREGON STATESMAN. Salem Oregon. Wednesday Morning, November 18, 1942
Selling Puts
Stocks Down
Good News Provokes
' Lighter Loads;
Average Off 4
NEW YORK, Nov.
has happened many times before,
the stock market Tuesday sold off
on good news. !
The US naval -victory in the
Solomons was virtually , ignored
as a buying incentive and, -while
Wall street was elated over! south
Pacific developments, there was
an inclination to lighten commit
ments on the idea that the latest
turn of '- events may have been
pretty well discounted on the September-October-November
i bulge
to highest marks for more than a
year. The warning of Secretary
Knox that the blast at the Jap
anese fleet was only the second
round and far from decisive also
restrained the purchasing urge to
some extent.
Fractional advances are; well
distributed at the start. These
were soon eliminated in many
cases although volume was small.
The reaction gained headway in
the final hour and declines ran to
a point or so for recent favorites,
with drops of 2 to 3 in isolated
instances.
Tax selling still was a retard
ing factor and. some potential
buyers apparently held aloof on
the idea that this sort of liquida
tion might expand and enable
them to pick up desired issues at
lower levels. An assortment of
satisfactory dividends failed to
buoy stocks concerned.;
The Associated Pres average of
"Strictly Private"
By Quinn flail
I to us. &etnN vf mi
7 -c; r m. no
ra. ve m ths. wowe 1
lr i"- a hah. I
PL
TJ. Q.AXJJM
-VC M THS. Qi-
DEAR. MOU:.
miCklED At TD T4 "WE. WRX OF VOIR,
itm. w& were, cm twe. dio THy age
mWS, WARTWG SRCMUSTS U THE WW. HECK,
JUQW.THEY NEED SpMuT M Ht ARMY TOO
mdor. sow
caiLD use some
' A
Salem Market Quotations
The prices below uoDiled 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
Potatoes. 100 lbs No 1 new 9.00
Turnips, beets ST. ,. MS
GRAIN. BAY AND SEEDS
(Buy tag Prices)
Oats. No. 1 28 00 030 00
Feed barley ton . 26 00 27 00
60 stocks was Off .4 of a point at Clover hay .ton 8O0g8 0O
Wheat r. . w
39.8, largest recession since Octo
ber 27. Transfers totalled 666,280
shares against 521, 190 the day
before.
Educational Week
Observed by Class
BUTTER. EGGS AND POULTRY
Andiesen's Buying Price
(Subject to change without notice.)
BUTTERFAT
Premium - -55 'i
No. 1 -M,4
No 2 l.i
BUTTER PRINTS
B
Quarters
EGGS
Extra large
Medium
A7 r-T r'nrrM vvilis.ot;-.rai
- . Standards
weeK was observed naay wiin puiieu
Cracks
POULTRY
Colored fry
2',4
li
-53,i
45
.40
.40
24
24
36-2
open house and a program. Re
ports were given by several stu
dents. A puppet play, "The For
rest Maiden" was given followed
by the songs, "Red Wing," and a
poem, 'Men of the Mountains."
The upper grade room present
ed a play, "We're Going Back"
wixn me loiiowmg cnaracters: portrland. or . kov. 17 ap)
Clem Daniels, Daryle Van Cleave; Produce Exchange: Butter: extras ;
r-.-.ti. m-4; Tv,nl:J I standards : prime tusts ; firsts
45 i.
Butterfat S3& at 54.
Fin' tare extras 48: standards 42
medium extras 42: stanaaras smau
extras 30; standards 28.
Cheese: triplets ; loax
Colored hens ' . 2
White Leghorn frys 21
White Leghorn bens .17
Marlon Creamery's B tag Prices.
(Subject to change without notice)
EGGS
Large A ; .45
Medium A .40
Large B .; .40
Pullets 24
Checks, undergrades .24
Large dirty , .,- J32
POULTRV
Colored frys 21
Colored hens
Leghorn fryers 6
Leghorr hens, over J',4 lbs. .19
Leghorn hens, under 9 lbs. .17
OJd roosters , , 8
fio 2 poultry 6o less.
LIVESTOCK
Buying prices for No 1 stock, based
on conditions and sales reported.
Spring lambs 11. 00 W J 150
Ewes 3.00 to-3 50
Hogs, top 160-225 lbs. .13.60
Sows 12.25
Top veal. 215-400 lbs.
Dairy type cows
Beef type cows
Bulls
Heifers
Dressed veal . , .
. 13.00-13.50
6 00 to 7.00
7.00 to 8.00
8.00 to 10.00
. 1.00. to 8 00
21
Quotations at Portland
Produce Exchange
Saphira Daniels, Merttie Phillips;
Sarah Daniels, Stella Kasper; Jeb
Daniels, Vermon Reid; Nick Gre
gory, Glen Worden; Jackie Jim,
Verle Klampe.
Moscow Reports
Weather 'Good'
NEW YORK, Nov. 17.-V
Moscow weather note as heard
by CBS:
"We (Russians) can now posi
tively say that the second winter
on the Russian front will be the
hardest and most severe that the
nazi army has ever experienced,
and not on account of the wea
ther, considering the radical
changes that have taken place in
the past few days in weather con
ditions in Africa, too."
Portland Produce
PORTLAND. Ore.. Nov. 17 (AP)
Butter: prints, A grade, 52-52a lb. in
parchment wrappers. 53-9Jc in car'
tons: B grade 51-51 'ac in parchment
wrappers. 52-52gc in cartons.
Butterfat irst quality, maximum oi
8 of 1 per cent acidity, delivered in
Portland. W' j-mc id.: premium quaiuy
maximum of J3b of 1 per cent acidity
54 ''4 -55c lb.: valley routes and country
ooints. 2c less than first or szc: secona
quality, at Portland, 2c under first or
51-szc.
Cheese Selling prices to roruana
retailers: Tillamook triplets, 13c ID
loaf. 32c lb. Triplets to wholesalers. 29c
lb.: loaf 30c F.O.B. ruiamooK.
JLggs Prices to producers: A large
46c: B laree. 40c: A medium. 4oc;
medium, 36c dozen. Resale to retailers,
3 -4c higher for cases, cartons,- 5c high
er.
Live noultrv Buying prices: No
grade Leghorn broilers. 1','a to 2 lbs.,
26c; colored fryers. 2,i to 4 lbs., 26c
colored roasters, over 4 lbs., c: ieg
horn hens under 2,i lbs.. 20c; over 3'4
lbs.. 22c: colored hens. 23-c B; No
grade hens, 5c less; No. 3 grade, 10c
less: roosters. 10c lb.
Rabbits Average county lulled. 34-
35c lb. '
Hiv Scllinff nriee on trucks: Alfalfa
300 Mo. 1 23.00-23 50 ton; oats-vetch. 16.00
ton. valley points; timothy. 18.00; East
ern Oregon. 23.00 ton: clover, lo.uu ton
Onions Green 60 -esc doz. puncnes
Oreson dry. 1.45-1.50: Idaho. 15: Ya
kima 1.40 50-lb. bag; pickling, 15c lb.
Potatoes Klamath Matin, ran
cy. 3.40 cental: Yakima, 3.25: Deschutes
centaj; ogan zu ceniai.
Country meats Selling price to re
tainer: Country killed hogs, best
butchers. 129 to 145 lbs.. 19-20c; vealers
good heavy, 16-19c lb.;
lb.: cutters. 15-16C. lb.; buUs. 16..c lb.;
lambs 22-23C lb.: ewes. 10c lb.
Wool 1942 contracts. Oregon ranch.
nominal. 3437c lb.; crossbreds, 40-42c
lb.: lambs - - lb.
Mohair 1942 12-month. 45c lb.
Hops Seed stock, 1942 crop. 146 lb.;
seedless. 1-5U ID.
Woodburn Sends
300 to Shipyards '
WOODBURN More than
men living in and near Woodburn
are working in the Portland ship
yards. A few of them go on to
Vancouver. The Woodburn' De
fense Workers club has ; pur
chased two large busses formerly
operated by the Greyhound lines
The club now owns and oper- fancy. 23c lb
ates four busses. In -ddltto.!;- & 5
are several smaller vehicles car
rying from eight to ten men each.
Poses As Heroine
Portland Livestock
PORTLAND. Ore.. Nov. 17 (AP
(USX) A) Cattle: salable and total 250:
calves 25: all clauses around steady
I carlots supply still not yarded; few
common beef steers S9.50-S11.2S; good
short fed lambs Monday $13.75; few
good cows today $9.50-810: canner
cutter cows mostly S4.50-S5.3: odd
head bulla $10.00-75. but up to $11-5
and better quotable for beef. Kinds;
few ' medium vealers $12.50: choice
i quotable $13. '
Hogs: salable 1300. total 1400: mar
: ket fully steady with Monday's aver
age; bulk of rail supply arrived late,
unsold; good-choice 170-220 lb. $13.40-
65: too $13.60: lighter and heavier
butchers $12.75-$13-5; good sows $12.00-
z. !
Sheep: Salable and total 200: mar
ket steady: sizeable lot good-choice
103 lb. wooled lambs $12.73: lighter
weights quotable to $13; sheep scarce,
Portland Grain
PORTLAND. Nov. 17 API Grain
Wheat , open high low close
i Dec. 11 1J1 IJl 1.11
Cash grain: No. 1 flax 2.40.
Cash wheat (bid); soft white 1.14'i;
Thirty -year-old Miss -; Mardella
- McDowell : (above), Uknart,
IruL, ' pleaded grullty at ' Sooth
, Bend, Ind-, to a charge of flleg
' ally wearinr insignia of the US
army. Assistant District Attor
ney James. E. Keating sUl the
- woman was apparently; intrig
ued by the glamour f military
life and had posed as a heroine
f Pacific flrhtlng- AssocUted
Press TelemaL ' ? ' .
I Uanled!
Ualssls, Filberts
and lid Heals
i Highest. Cash Price
i Ilcrris Klcrfcb
Pechirj Co.
X 469 North Front Street
Telephone 7623
soft white excluding Rex 1.17M; white
club 1.18; western red 1.17,.
Hard red winter: ordinary 1.12; 10
per cent 1.15; 11 per cent 1.17; 12 per
cent 1.20.
Hard white Baart: 10 per cent 1.18;
11 per cent 10; 12 per cent 123.
Today's car receipts: Wheat 3; flour
4; corn &; oats 2; milieed 3.
Wool in Boston
BOSTON. Nov. 17 (AP) Sales of
surplus stocks of graded territory wools
were made, in the Boston wool market
today. Some three-eighths graded ter
ritory wool was sold at a clean price
of $1.05. A little activity was reported
in original Dag monair at steady pri
ces. Sales of Australian and Cape wools
were made in the small lots at prices
a mue unaer auowaoie limits.
Stocks and Bonds
November 17
f Com piled bv the Associated Press)
Slut AVERAGES
30 IS IS
Indus Rail Ut1l
Net change D .6 D 2 D 2
Tuesday 57.1, 18 26.8
Previous day 57.7 18.4 27.0
Month ago 57J 19 28.0
Year ago 56.7 15.7 29 3
1942 high 58.5 19.7 27.5
1942 low 46.0 14.4 21.1
BOND AVERAGES !
20
Net change
Tuesday
Previous day
Month ago
Year ago
1942 high
1942 low
10 10
Rails Indus Utll
A .1 unch
64 6 103.6 98.0
65.1 103.5 98.0
64a 103.5 97.7
CIS 105 1 102.0
W2 103.7 100.6
59.4 102.C 93.6
Oats Start
Grain Drop
CHICAGO, Nov. l7-(P)-Weak
ness in oats, which lost more' than
cent under persistent selling
pressure, unsettled other grain
pits Tuesday. Wheat, corn and rye
recorded fractional declines.
Oats encountered selling, grain
men said, because of a statement
made Monday night by Secretary
oi agriculture Wickard that 300,
000,000 bushels of Canadian feed
grains will be made available to
the United States as soon as prac
ticable. Mi
Final prices in the oats pit were
at tne lows, off 1 to 1 cents
from the preceding session's finish,
December 48, Wheat closed Va-
lower, December $l24ft. corn
was off December 82-H,
rye iinisned lower and soy-
Deans were unchanged. : a
Secretary Wickard said the feed
grain would be made available
under an agreement reached bv
Canada and the United States last
summer. .
i i ir-jiw-ai i ii ii -
Or.r.T Laas. NX t. Dr.G.Cka-, NJ
DBS. CHAN-LAM
CHINKS B 4erbaHsta
' 241 Nerta Uberty
Upstairs Portlaad General ClaetrV
C. Office epesi Tuesday and Sat
rday eniy It a te I p.m.; 6 If
? CoBsoltaUoa, Bleed pres
re aad vine tenta are free ml
charge. Practicrd Siaee 1917
Homecoming
Celebrated
i 1 "
.1 -
SILVERTON Homecoming was
observed by Tryphena Rebekah
lodge at its tegular meeting.
' The noble kgrand, Olga Olsen,
was formally seated by her staff
of officers. Sadie Small, Evelyn
Baker and Geneva Hubbard were
reported on the nick list, A letter
of thanks . from the state presi
dent, Miss Madayn Rossner, was
read stating her i appreciation of
the gift sent by he lodge toward
the linoleum fund for, the I OOF
Home in Portlandi ,
Seventy members answered roll
call, either fansperison or by com
munications which came from far
and near.' After the roll call, nose
gays were presented to the past
noble grands by the warden and
conductor. Irene Roubal and Hel
en. Wrightman responded for the
past noble grands.- .
Dorothy Carpenter and Jessie
Raines .volunteered to take gifts
of canned fruits and vegetables
into the'home during the weekend.
A program was given for the
pleasure of the members and their
guests later. This' consisted of a
vocal duet by two of Mrs. Raines'
school children, j vocal solos by
Angela Fitzke, motion picture of
the I OOF home at Portland and
piano selections by Zephne Given.
Wife of Rescued Flier Relays News
1 K
7
3i
"Our BiU is safe!" Pretty Mrs. Bobbie Cherry, wife' of- Capt. William
Cherry, pilot of the long-missing plant carrying Capt. Eddie Ricken
backer, called this Joyoas message of her husband's rescue ever the
telephone to his parents, Mr. and Mrs.! W. T. Cherry of Quail. Tex.
Beside her as she reads the news; hot,1 off aa AP wire. Is her hus
band's brother, Tom Cherry. Mrs. Cherry and her brother-in-law
took a few minutes from their work at the North American Avia
tion, Inc., plant near Grand Prairie, Tex-, to notify Capt. Cherry's
parents of his rescue Associated Press Telemat. ; u ,
Rose Family
Transferred
AURORA S. Parzy Rose, who
was district manager at Silverton
serving WcKKiGburn, Mt . Angel,
Scotts Mills, will now serve ; as
manager : of the Aurora electric
plant and will occupy the Carver
home at Donald, formerly occu
pied by Kenneth Enschede, man
ager, now in the army, Mrs. En
schede is teaching the Donald
School, v'v:.'! 'r P-r. -t"
Rose's youngest son, Niel Rose,
enrolled Jonday morning as a
senior, in ' Canby high; Wayne is
attending Willamette university
as sophomore. Parzy, jr-, Is in the
US navy as . radio technician.
Mrs.: Xtouis Webert is confined
in an Oregon City hospital after
undergoing several minor opera
tions. .- .,. i , ,
J. Neil of the bus terminal lg
ill in an Oregon City hospital.
Willard Hunt, son of Mr. and
Mrs. P. J. Hunt, left this week
for - the service Mrs. Hunt is
teaching in the Dayton school.
The Aurora Pythian Sisters and
their families will meet one
Wednesday night each month for
a social get-together.
California Family j
Visits in Macleay . ft .
MACLEAY Mr. and Mr:
Wendell Torgey of Waltesea, Cal,
were recent guests at the Charles !
Baker home.
The Torgey family lived here ;
seven years ago and while hera
renewed acquaintances.
iii iv Enjnira
There ht 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 FIN JUICE CO.
212-222 Guardian Bldg
Telephone 8168 1 : - -
Corner Liberty and State
,1 . Lie S-21J M-222
E-IB '-r- 1 VKMI ASTT TT
MAJOR. IWHS HIT HARRIdAN Sr
OKKY I J WELL, THEN, '
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