The Oregon statesman. (Salem, Or.) 1916-1980, January 13, 1943, Image 8

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The Oregon statesman., January 13, 1943, Page 8, Image 8

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Newspaper Page TextFarmi larkets ICS Com PAGE EIGHT Th OREGON STATESMAN, Satan 1 Oregon. WdMauay Mornings Janaary 13. 1943 "Stock Leaders Stumbling Early Gains Erased By Lightening of . Commitments NEW YORK, Jan. 12-P While assorted strong spots re- - mained in Friday's stock market. leaders generally exhibited - mild stumbling tendencies. ' y f Some customers trimmed ac- J counts pending more light on the tax question in connection with the $100,000,000,000 national bud get for 1943. Investment demand lightened to some extent and Wall Street ' recalled that the market r : trend in late January has been down in the preceding five years. The war news and individual bus- . In ess situations propped favorites. The slant was moderately up - ward at the start with blocks' of 1000 to 6000 shares appearing. Fractional advances were erased . In many cases by mid-day and the . closing tone was somewhat easy. The Associated Press average of : 60 stocks -finished with a net de- . dine. of .1 of a point at 41.9. of 782 issues traded, 333 were down, 239 up and 210 unchanged. Trans fers totaled 633,281 shares against 110,960 the day before. Chilling the bullish urge to some extent was the action of the OPA in freezing corn prices at Mon day's highest levels. Virtually aU itaples weakened. I Corn Futures Weakened by OPA Ceiling CHICAGO, Jan. 12-(-Pro- nouneed weakness in corn, created by an office of price administra tion order setting ceilings on cash and futures transactions in that ' commodity, unsettled trading in an grain pits Tuesday. Prices broke sharply at the out set, during which period dealings were so confused that quotations posted on the blackboard bore . little relationship to actual trans -t actions taking place in the pit, and recovered only slightly during the remainder of the session. The break in corn was reflected in the wheat pit, where prices were off 4 cents at one time, or within . Va cent of the permissble limit for one session. Oats and rye were also under heavy pressure. Corn finished 2 -2 lower, May 97-97, July 87-, Wheat was off 2-2, May . $1.38-. July 1.38-, oats dropped 1ft- . 1, rye declined 1-1 and soy beans were 1 lower. The OPA order placed ceilings . on corn futures at the highest point reached Monday. This was $1 for many contracts, $1.00 for July and $1.00 for Septem ber. One immediate effort of the OPA action, in the opinion of many grain traders, will be re newed agitation by the farm bloc In congress for revision of the method used to compute parity. Under the price control law, the OPA cannot put ceilings at below parity levels. At present, benefit payments to farmers are deducted in the com putation of parity. Corn Prices Ceiled to Hold Margin WASHINGTON, Jan. 12 jiP) The government called a halt Tuesday to sharply advancing corn prices in a move designed to maintain a "profit margin" be tween livestock and feed prices and thereby encourage farmers to produce maximum quantities of meats, milk, poultry and eggs for war food needs. The office of price administra tion, acting with the approval of , oecreiary oi Agriculture wickard and at the direction of economic stabilization , director, James F. -. Byrnes, placed a ceiling on corn .prices on all exchanges and in every cash and local market over the country, generally at levels at wnicn sales were made Monday. It was the first time price ceil ings have been applied to a major Xarm commodity. The ceilings become effective Wednesday. They were described as temporary ceilings to , be fol lowed within 60 days by perma nent ceilings which will not per mit any increase in the general level of corn prices. , Agriculture department econ omists said the OPA order would have the effect of placing ceilings on corn at about 93 per cent of the parity price. The department "Strictly Private" By Quinn Hall quit XT. S.ASAU VAC. HQM&.. DEAR , m2A DDI MRS CAMP Ut I VJte SlLtf tMOJGH 10 TELL UEfcWT I PS SHE STARTED TO AWE UP Vera wjl p.SM& even ear "HI TO CLOU VSkOLLE. Salem Market Quotations The prices below supplied by a lo cal grocer ere indicative of the dally market prices paid to (rowers by Sa lem buyers but are not guaranteed by The Statesman: Cairo U, do, bn. .70 Cabbage, crate 3.50 Spinach, crate 2.00 Turnips, lb. -05 Curly kale, crate 100 Celery, dox. bun. 1-65 Parsnips, lb. , ., -05 Onions 1-57 GRAIN. BAT AND 5BBDS (Bay in ( Prices) Oats. No. 1 Feed barley, ton Clover hay, ton . Oat and vetch bay Wheat S3 00 33.00 18.00 20.00 18 00020 00 . 1.00 1.05 BUTT ICR, EGGS AND POULTRY Andiese 'a Baying Price (Subject to change without notice. I BUTTERPAT Premium 4 No. 1 . .33 No. 2 .50 BUTTER PRINTS A B Quarters EGGS Extra large Medium Standards 2Hk .50 i , .43 .40 A3 S 25 Pullets Cracks POULTRY Colored fry 24 to 28 Colored hens ' 22 White Leghorn fryi , , , -1 Marlon Creamery's Bn)ta( Prices. (Subject to change without notice) EGGS Large A .45 Large B .44 Medium A .40 Pullets 25 Checks 21 POULTRY Colored bens Leghorn fryers Leghorn hens No. X poultry 22 IS and 20 Be less Colored fryers, under 2 1. lbs. 22 Colored fryers, 2. to 4 lbs 26 Colored fryers, over 4 lbs. 22 LIVESTOCK Buying prices for No i stock, based on condition and sales ported Spring lambs 13.50 to 14.00 Ewes 4.00 to 6.00 Hogs, top, 160-235 lbs. 14.75 Sows 12.00 to 12.50 Top veal. 215-400 lbs. 13 50 Dairy type cows Beef type cows Bulls Heifers Pressed veal 6.50 to 8.00 . S 00 to 10.00 1.00 to 11.00 . 9.50 to 10.50 JU Quotations at Portland Produce Exchange PORTLAND, Ore- Jan. 12 (AP) nutter: extras w; lunm -,. prime firsts 47ft; firsts 46ft. Butterfat: 52-52ft. m Eggs: Large extras 48: standards 42; medium extrs 42; standards 38: small extras 30; stand aids 28. Cheese: Triplets 27; loaf 27ft. Portland Grain PORTLAND. Ore.. Jan. 12 (AP) Whi' No futures Quoted. Cash grain: Oats No. 2-38 lb. white 38.50. uariey mo. jo. a. w. v.v. No. 1 flax 2.64. Cash wheat (bid): Soft white 1.23: soft white excluding Rex 1.23ft: white club lft; western red 1.25. Hard red winter: Ordinary 1-4; 10 per cent 1.26; 11 per cent 1.29; 12 per cent 1.32. Hard white Bart: 10 per cent 1-34; 11 per cent 1J6; 12 per cent 1-38. Today's car receipts: Wheat 10; barley 1: corn 5; oats 3; millfeed 3. PORTLAND, Ore, Jan. 12 (AP) Portland Produce PORTLAND, Ore.. Jan. 12 (AP) Butter Prints: A grade, Slftc lb. In parchment wrappers. 52ftc in car tons; B grade, 51c in parchment wrap pers. 52c in cartons. Butterfat first quality, maximum of .6 of 1 per cent acidity, delivered in Portland. 52-52 ft c lb.; premium Quality, maximum -of 5 of 1 per cent acidity, 53-53ftc lb.: valley routes and country points 2c less than first or 50ftc; second quality at Portland 2c under first or 50-50 ft c. Cheese selling price to Portland retailers: Tillamook triplets 31c lb.; loaf 32c lb.: triplets to wholesalers 29c lb.: loai we ruB.Tiiiamoo.. Esks 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 ooultrv buvins nrices: No. 1 grade Leghorn broilers, ; ift to 2 lbs. 29c; colored fryers, 2ft to 4 lbs. 30c, do 2-2 ft lbs. 29c; colored roasters over 4 lbs. 30c; Leghorn hens under 2ft lbs. 20c; over 3ft lbs. 22c; colored hens 24c lb.; No. 2 grade hens 3c less; no. s gtade 6c less; roosters izc lb. uressed turkeys selling prices: Country dressed hens 38-40c: packers stocks nens no. i sec casncarry; large to ma over 20 lbs. 34c cash-carry. Rabbits Average county killed jo-c in. Onions -Teen. 75-80C dox. bunches Oregon dry 1.64; Idaho large 1.70; xaxima 1.04, so-jd. Dag. Potatoes cash and carry Drices Klamath 3.02; Malin fancy 3.02 cen tal; Yakima 2.97; Deschutes 2.97; local Z5 cental Country meats selling price to re tailer: Country killed hogs, best but chers. 120-140 lbs. 20-21c; vealers, fancy 23c lb.; good, heavy. Y7-20c lb.; rough, heavy 17-18c lb ; canner-cutter cows (new ceiling) 16ftc lb.: bulls (new ceiling) l7ic lb.; lambs 25-27C lb.; ewes, gooa isc id.; ewes, poor 8-ioc lb. wool l&tz contracts, Oregon ranch, nominal 34-37c lb.: crossbred 40-42& Mohair 1942. 12-month. 45c lb. Hops Seed stock, 1942 crop, 1.16 id.; seedless ljxj-i.ou id.; contracts. seedless, oc id.; seed, esc lb. Wool in Boston BOSTON. Jan. 12 (AP) (USD A) The awarding of contracts by the quartermaster for blankets and Mel ton cloth stimulated sales of domestic wools in the Boston wool market. Scoured Dulled wools were sold for future deliveries. Sizeable quantities ox Montevideo super wools were pur chased in the primary market at an FOB in bond price of 32 cents, grease basis for most grades, compared to cents a i xne close ox last year. Portland Livestock rjs Uanfed T?i - . Top Prices Paid! Prompt Remittance Elds or Crlnr Tour Errs te ' rZZD' IISYEl ; EGG DEPOT ZZ S. C Alder St, rortland. Ore. itself had sought to stabilize corn at about 85 per cent of parity by selling government-owned stocks at that level. However, those stocks have become depleted through sales to farmers. The corn price action met gen erally a favorable reception among farm state senators. The government will continue, it was explained, to support corn at 85 per cent of parity. Agriculture department offi cials, who would not be quoted, said corn prices had advanced so sharply in recent weeks that the government's program calling for a record production of meat, dairy and poultry products was being threatened. Red Cross Sewing Set SALEM HHGHTS-Wornen of the Salem Heights will sew for the Red Cross startin at 10 a. m Wednesday in the Salem Heights community lxalL Luncheon will be served at noon. Those attrui. ing are asked to bring scissors, xrumoie and crochet hook. : Acid SndifjCGiion ',li r- Mark n iily urn hi ! ! iim i . i itk. TablMa. N tuatt. bh JrifBWl at far i IkM in B-n-u iMiu tin te a NaMM-haa-., PORTLAND, Ore., Jan. 12 (AP) I usuai uatue: salable and total 100: calves salable 25. total 35; market ac tive, fully steady, some rows strong: medium fed steers 12.75-13.75; top steers Monday 15.00; common grades iv.uv-i.vu; iigni aairy neilers 7so; canner and cutter cows 8.50-S 00; me dium beef cows 10.00-75; medium to good bulls 10.75-12.00; good to choice vealers 15.00; common to medium grades 9.00-13.00. Hogs: Salable 300. total 1100; market slow, steady to weak; good to choice around 180-220 lb. mostly 14.79; few choice lots 15.00; 235-300 lbs. 13.75 14.25; light lights 13.75-14.00; good 400-525 lb. sows 12.00-75; light sows to 13.00: good to choice 48 and 111 lb. feeders. 14.50; choice SO-100 lbs. quot able to 19.00. Sheep: Salable and total 100; market steady; good to choice 66 lb. trucked In fed lambs 14.75; carloads quotable to 15.25: good 94 lb. 1425; common to medium grades 11.00-13 00; medium ewes 6.00; good salable 7.00-25. Stocks and Bonds Compiled by The Associated Press January 12 STOCK. AVERAGES v 30 15 IS 60 Indus Rails Util Stka wet Change unch D D D.l Tuesday 60.5 Previous day Week ago Month ago rear ago .5 -60 .S -58.6 .55.1 1942-43 high 60 8 1942-43 low . 4S BOND AVERAGES 20 Rails Net change 1 Tuesday 681 Previous day 68.0 Week ago 84 9 Month ago 63 S Year ago 63 8 1942-43 high 66 1942-43 low . 59.4 18J 18.7 183 : 172 16.6 19.7 28 J 41 J 28.3 42.0 27.4 41.8 22 40.2 26 3 38 2 Z92 42.0 14.4 21.1 32.0 10 10 Indus fltil unch A.l 104 99.5 104.0 99.4 103J 98.4 103.4 97.4 103.0 106J 104.0 100.6 102.6 83.6 10 Pogn A.l 544 54 8 53.6 53.2 44.1 54 8 41J Uakcis, Filtsris Highest Cash Price Ilcrrb lUsrfcin Pccliirj Co. 4C8 North Front Street Telephoae 763S Oregon Ships 8 Carloads Of Tin trails Dxiring December and the first week in January; Oregon shipped to South San Francisco eight car loads of tin cans in the state wide salvage program, according to Claude I. Sersanous, chairman of the 1 state salvage committee. Two more carloads are ready for shipment from Fort Stevens.1; Thousands of school children all over the state are cooperating in the tin can salvage program and thousands - of homes are saving their tin cans in this all-out war effort, i Through the cooperation of Rex Putnam, superintendent of pub lic instruction, and the school principals throughout the state, the school children are acting as collectors of tin cans, taking them to the schools where they are be ing collected once or twice a month by the members of Oregon Bottlers of Carbonated Beverages association. "We are receiving 100 per cent cooperation on the part of the school authorities as well as the beverage distributors in this tin can program, and through the ef forts of the school children as well as the thousands of heads of families Oregon has been able -to report excellent progress in the tin can salavge program, said Sersanous. ', ' : Lowell Jones of Salem, presi dent of the bottlers, said his mem bership was happy to be of some help in this patriotic program to collect all the tin possible as well as ; the good steel in every tin can. 1 , . "Our membership," said Jones, "includes almost 50 operating bev erage companies In the state, prac tically, all of them having one or two trucks to make the pickup of tin cans once or twice a. month from the schools of Oregon. : "All we ask is that the superin tendents of schools, where 'we have members, advise our distrib utors of an approximate date of pick-up convenient to the school authorities, and we will, make every possible effort to cooperate right down the line." Nursing Class to Start SALEM HEIGHTS A home nursing course will start .Thurs day from' 9:30 to 11:30 a." m. in the Salem Heights school. Mrs. Virgil Golden is the instructor. Anyone interested is invited to attend. Need of Democratic Education Stressed PORTLAND, Jan. -(-Democratic education must not be ne glected because of the war, Edgar W. Smith of the state board of higher education told the Portland Crop Report Is Bright - ; WASHINGTON, Jani ll-Vfyr In its first crop report of the new year, the agriculture department Tuesday said that prospects for heavy production of farm products had never been brighter at this season. - 'Record supplies of -gain stocks on farms were reported, : with practically all sections well sup plied with feed grain and hay. "Moisture conditions are now favorable in most of the west,? the report declared. "Winter grain entered the winter in unusually good condition; supplies of im proved seeds, such as hybrid corn, certified potatoes and adapted va rieties of soybeans, are the larg est on record, and continued heavy use of fertilizers is indicated. If weather conditions from now until harvest are as favorable as the long-time average, the de partment said, acreage yields of most crops in 1943 probably would be nearly 20 per cent above the pre-drougth 1923-32 period, as compared with 36 per , cent last year and 21 per cent in 1941. Kiwanis club Tuesday. Our young people must be giv en, the knowledge to help shape the post-war world in line r with the principles for which we are fighting, he said. Woman. Gets ; ThiePs Gun PORTLAND, Jan.4 12 - fa - A masked robber got nothing from a Portland matron, but she got, his gun. It happened this "way,, police said: ; A young man with a handker chief over ; his face walked into the home of Mrs. Dorothy Netch, flourished gun and demanded money. -Mrs. Netch told him to go jump in" the lake, or words to that effect. The gunman . then struck her in the face and fled. In his haste he dropped his gun on the porch. He returned for it in a few minutes, but was fright ened away by neighbors. -!. , Blue Lake Piano To Build Second Dehydration Plant WEST SALEM The Blue Lake Producers Cooperative is start ing construction immediately upon second dehydration plant for vegetables to be erected in con nection t&ith their West Salem plant, O. E. Snyder, manager, an nounced Tuesday. Doubling the dehydration ca- .. .. . i ill 1Z. pacuy, uie new piau w- by 105 feet and is to be construct ed between the Southern Pacific tracks and the cannery.' Both plants will fill government orders. Plans call for construction of the plant within 30 days. uwn,, t..., ,. .- , " " m a iiunnY - There b no personal or business emergency which we cannot help yon meet with a - conveniently, speedily arranged loan! Drop into oar offices for fall details . . STATE FIIIAIICE CO. 212-222 G-uu-dian Bldg, Corner Liberty and State Telephone 816S . ; Lie, 8-213 M-222 QUICK.' TO TV-IE PLANS BBPOBE ME DIVES A6A1N WE BE 6OIN6 TO CTUC?N r V2 k -sr -rfek " -ZB' - V W J SCORCHY SMITH gs AAAoerrNOw COMB. ON, XOU VUL.TUCE Sucoewuy. in the dstancs., ANOTWCO PLANC APPBAC... I . vjLr-. "s I M t&U KrL 1-3 nrr v I "V r uw x WE BARNEY GOOGLE CM .G-EH-GOU-V VL ..-v lilmi luueofi H -IcrrvtA' V-M J CC-cB , .,,.v AU HORES-? - r-aHc.Mp ?r" ftX.I M0 r." ' L1 fi I HI, eOOFY...SAf, WMAT'S 1 A SN r ltTHE MATTEC? A n rSr(w i just' - " ' jfj6fJ7 SEEH DOWN TCIN' TO EKUST TZ2&Z7 -VSWN kl9D THEt WOULD- MICKEY MOUSE THEYCE PCEP-JOOPICEP A51N ME...THATS WHAT! m GOHH. SUE 'EJA! J GETSOCt, '60OF11 IN CANT BLAME 'EMJl fXI PONT ...WELL, LOOK LIKE 1-13 UH MEAN, lAV J OUT5IPE KPPEXCANCE IS PECEIVIN' 'EMf : n ;'-.t K PL gUf W- C--7 - VOU OONT 6VEM KWOtt) ti. i nun. iAl l f. r-iivj 1 1 ii i r THE OULV CLUE I OUT fS A PICTURE OF ME- oEl-F UJ EM lUirrS THIMBLE THEATRE- r-1 I CU1-3H TGMSe OF OME; AS-ol-oTAKlde, HERE 1B ArJOTHER 51 PCP&ie, I Br3CXJcHT 5 VOU APICTURE. IT jr MlgHT HELP r--ft (UHOT TH HECK 7rb.5T let.thev AdoI GEE. 3-ro-BUTrrS GRANDMRS IS CHANGING THE OLD HOUSE INTO EWANOMEW HOUSE -IT SEEMS JUST LIKE MAGIC mm MCS. RANGE SANS WHEN SHE POUND HER LONG-LOST CON IT WAS JUST LIKE BEING BORNj AGAIN-SHE WWTS TQ FORGET ALL THE SORROW OP THE ,THE PRcSENT- UTTLE ANNIE EOONEY POTH& EVERyTHING IS GONNA BE NEW -S AN'i SWELL -WE'RE GONNA HAVE A NEW fiTREAMUNED KITCHEN WITH CUTE. UTTLE GADGETS THAT DO ALL THE tM0Rr QUICKER ! T .THAN ANYTHUNG- !M0Rr quicker ! rSrJfrr S3!-iTOW-i-sII li DERSV SET POf-nrrN ew-i - msr i, j7 tsoiL. AN EGG Df? GOTTA DO IC PUW A BUTTON w call IN AN ELECTRICAL trKm -?- 3 HGGH H W1LUH' FEH . ' ou to job my cms, but VUH QOT TO Be GOOD MAM LrSTLH. tU6HCWW I GOT ERAKtS VCU VWT TH GET HOLD CfTKE MAa- Ytt.ANPl P0KT CAR. HCHf Yiw 1TQLD VJH UO k E4H WITH THE LONE A RANGER COrVn WTDCrx I ) WMT A MINUTE M'ltL ) . T JHQW W OM-THW''. JTff -s NVq A- Rn5;7 ' ": -.-r3 cu, yW 3CR, Wf KXi LOCK 1-1 f. fwtr THE LONE RANGES