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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Dec. 21, 1943)
'Financial Markets , o omic f .7 PAGE TEN Th OREGON STATESMAN, Salem. Ongoa. Tuesday Morning, December 21. 1843 Farm i .. r' t ' I . i I 5 i it t I If1 ; ii p - . t r - - 8 I ; 't u . i Stocks Suffer Rough Going Motors Revive, - ' Prices Stiffen ; ;v Near Close : By BERlfiVRD S. O'HARA NEW YORK, Dec. 20 (VProf It taking on the recent recovery made the goinx a hit rough for the stock market today although many favorites, propped by fur ther reinvestment demand, man aged to achieve moderate pro gress. . Trends ' were cloudy from the tart hut motors revived and prices in most departments stif fened at the dose. Final prices were" no worse than mildly mix ed. , . . - ; " ' Expectations that important war moves were in the making inspired considerable conserva tism among brokerage custom ers. The feeling year-end tax ad- justments had Jbeen pretty well completed . and that repurchasing should broaden substantially . by the turn of the year brought: a certain amount of bidding. The ; unsettled rail wage dispute serv ed as a general chilling market factor. The Associated Press 60-stock average was unchanged at 49.5 Of 847 individual issues on the ticker tape, 380 were up against 467 down or unchanged. Sizable blocks of low-priced performers helped put volume at 854.790 shares compared with 874,650 Fri day. At new 1943 tops were Hercules Motors, Pittsburgh Coa prefer red, Studebaker, and J. I.. Case. The recently gyrating Amer lean Distilling and Park & Til ford were under pressure the greater' part of the day but even tually steadied. Improvement was retained by Chrysler, General Motors, White Motors, Santa Fe, Goodrich, US Steel, American Telephone . and Texas Co. On the offside were NY Cen tral, Southern Railway, Bethle hem, Goody e a r , International Harvester, Douglas Aircraft, American Can and Allied Chem ical. Poison Oak Killer Found More experience with the use of ammonium sulfamate to kill , poison oak indicates that it is the best chemical to use for this pur pose under many conditions, but is not as good for eradicating oth er kinds of perennial weeds as some of the other chemicals, ac cording to a summary of recent tests issued by Chester Otis, as sistant farm crops specialist, and L. E. Harris, associate agronom ist, at OSC. The only other chemical that equals ammonium sulfamate' in killing power on poison oak is atlacide. - Ammonium sulfamate, a, nitrogenous weed killeri has the advantage, however, in that it does not sterilize the soil and ev en - has some fertilizer value. It has fire retardent properties in stead of being inflammable, which Is one reason for its scarcity on the market. The armed services are -using it for these fire retard ing properties; nevertheless, more supplies are available now than a year ago. The experiment station recom mends that this material be mix ed with water at, the rate of one pound o f ammonium sulfamate per gallon. This, is sprayed on fo liage, stems and crowns until the liquid drips freely. The best time for application is in the late sum mer or early fall. So far the ammonium sulfam ate has not shown up satisfactor ily on deep-rooted perennials, such as morning glory, Canada thistle, and whitetop. . Woodburn Man Home From Midwestern Visi WOODBURN A. B. Shaw re cently returned from a' visit with relatives and friends in Detroit, MichAnderson, Ind., and Sharps burg, Ky. ' Mrs. A. B. Shaw and: son Larry, visited friends in Falls City re cently, y 1 X Cheila Bromley and Jane Bryan are shewn In a scene from "Girls r- en rrobatlbn, Warner Bros, release which starts today at the Elsl t nore theatre. "Crime School, starring Humphrey Begart aatd The , Dead End Kids, is the companion feature at the Elsinor. "Strictly Private DEAR MOA'" EOT EACHSWIS DtFHD TO.WSASLir wets a suy sfEMDs mostop ws, tmae W lS-X ALB64D i otations at Portland Produce PORTLAND. Ore.. Dec. 20 (AP) Butter AA grader print 46c, cartons 46.ic: A jjrade prints 43ac; cartons 46 i-.c: B arade prints a.4c. canons toc Butterfat irt quality, maximum of . of 1 per cent acidity, -Tdeliverea at Portland, i 32-32fcc lb.; premium quality, maximum of 3& ot 1 per cent acidity 63-33 ie id.; vauey routes wu country - points 2c less than first or 50-50', cf , second Quality at Portland L2c under first or W-50'iC lb. rhivu seiunc or ice to roroana retailers r' Oreeon tri Diets 29c lb.: loaf 29'aC lb.; triplets to wnoiesaiers Z'c lb.: loaf I7ic roB. Eggs Prices to producers. A urge 49c: A ' medium x: A smau wc laree 41c doz. Esss Prices to retailers in cases A grade large 51 lie; A medium 48 lie small 44 'i.C aoz. Live poultry Buying prices: No trade Leghorn broilers up to 2 lbs. 30c: colored fryers under. 2 to lbs. 29c; colored roasters over 4 lbs 29c; Lfihorn hens under 2 lbs. 25&c, over SVs lbs. 2514c: colored hens 4 to 5 lbs. 25Vc, over 9 lbs.. 23!ic; old roost ers. Zl'zC ID.; stags zi'ac io. Rabbits Government ceiling: Ave rage country killed to retailers 44c lb.; live price to producers zc id. ' Turkeys uressea nens rto, i, 394-43c lb. I. Turkevs Alive: tiovernmeni ecu ing buying price: Hens 42c; toms 36 lie lb., dressed Basis. - Onions Green 75-&5c dox. bunches; Yakima 2-12 50-lb. bag. Potatoes Yakima No. I. J-J3 cen taJ: do 2s. 50s. 90( Deschutes No. 3.25 cental: local 20 cental. Country meats Rollback price to retailers: Country killed nogs, oest butchers. 120-140 lbs. 17-18c; vealers AA 224c: A 21 l4c; B 19-19'ic; C 15 17ic: culls 12-15c: canner-cutter cows 10-14c: bulls, canner - cutters 14ic; lambs AA 28c: A 241ic: B 22Uc: C 10-20c: ewes FS 13'c: medium 12c 10ic: beef AA 21ic: A 20"ic; B 183c: C 14c: cutter - common' cows 10-14c: cutter - common bulls 143,4C lb. Wool Government controL Cascara. bark Dry 17c lb.. ' Mohair - 1942. 12-month 45c lb. Hods ' Nominal' seed stock. 1942 crop 1.40 lb.; seedless 1.50-1.60 lb.; con tract seedless 70c; seed 65c lb. Hay - Wholesale prices nominal Alfalfa No. 2 or better 34.00-36.00: oat- vetch 26.00 ton. valley points: timothy (eastern Oreeon) 35.00-36.00 ton; clover 25.00 ton: Montana grass hay No. 1 33.50 ton. East Side Market PORTLAND. Ore J Dec. 20 AP) Buyers cleaned out! rapidly the thin supply of vegetables which appeared on .the East Side wholesale market today. Carrots were in particularly heavy demand. - General prices: . FRUITS Apples Jonathans 2.25: Baldwins 2.00-2.25 J amble box: Winter Bananas 2.00-2.25: Spitzenberg. Ortley 2.25 box; Rome Beauty 2.23-2.50 box. VEGETABLES Broccoli Green 1.00 lug and dozen bunches. Cabbage No. 1 green 1.75-2.00 crate; red 2.00 crate. ' Cauliflower No. 1, 2.00 crate; near 2s, 1.75; Ko. 2, 1.25-1.40 crate. Celery No. 1 green 2.75 crate: No. 1 i white 3.75 crate: root 65-S0c dozen: hearts 2.00 dozen bunches. Endive No. 1, SOc dotcn. Greens Spinach 1.60-2.00 orange box.-, mustard 65-75c dozen bunches; kale 60c crate; Swiss chard 50c dozen bunches;, parsley 60c dozen bunches. Lettuce 1 00-1 50 box. Onions Green 7 0-7 5c doz. bunches; No. 2. 2 00 per. So-lb. bag. Radishes Red 70-90c doz. bunches. Root vegetables Carrots S0-60c; beets 65-75c; turnips 80-SSc dozen. Sprouts Brussels 2 63 flat box. Squash - Danish 70-75c per canta loupe crate; Hubbard 1-1 Vic lb. Portland Grain PORTLAND. Ore.. Dec. 20 APf Wheat: No futures quoted. Cash wheat bidf: Soft white 1.45; soft white excluding Rex -.46; white club 1.46; western red 1.46. Hard red ' winter: Ordinary 1.451i: 10 per cent 1.47: 11 per cent 1.50: 4 per cent J .32. Hard white Bart 10 per cent 1.48; 11 per cent 1.49: 12 per cent 1.50. Today s ear receipts Wheat 55. bar- By Quinn Hall - TJ. G. ASU& - y VOOR SOW Portland ley 8. flour 18, corn 8. oats 1, bay S. millfeed 8. Portland Livestock PORTLAND. Ore.. Dec. '20 -(AP)- (WFA)-r-Cattle: Salable 1500. loUl 1550; calves, salaole and total 200; market active on most classes; steers and beef heifers strong to 25 cents higher; other classes steady; good fed steers l3.uo-is.30. medium grades 12.75 14.00; common 9.00-12.00; commcnme dium heifers 8.50-13.00; good fed heif ers 13.50-75; canner-cutter cows 4.50' S.00; fat dairy type cows to 7.50; medium-good beef cows 8.50-11.50; young cows to 12.00; common-medium bulls 7.00-9.00; good beef bulls 9.50-10.00; good-choice vealers 13.00-14.50; good grass calves 12 .oo-13.00. Hogs: Salable 4000. total 4800; market slow, steady: part of run unsold: bulk good-choice 190-230 lbs. 14.00-25; 240- 270 lbs. 13.75-14 00; 170-190 lbs. 1&50-75: heavier and lighter weights downward to 12.25; good sows mosUy 10.00, few 10.25; good-choice feeder pigs 10.00-50; some neid nigner. &neeo: salable lOOO. total 1250: mar. ket slow but about steady; few good- cnoice trucKed in lambs in lambs 12.50-13.00: 4 common - medium grades 8. 00-10.50; I mnanid th bureau nf aprim! good shorn lambs 11.00; cull lambs mpaniea, ine Dureau Oi agricui- downward to 5.00: common - medium I tural economics says, by a sharp ZZnl ood. ew" 4 0O-5O: QQlGXn iYlQrlCGt I VaUOtQ llOnS The prices below su Dolled t a in-i fjf roc waicauve of the daily mstrsraVT rtrfmm Msstf wr eMsrasK k Ok 1 lem buyers but are not guaranteed by The Statesman: Lettuce, doz. 385 2.55 03 1.00 .02 .70 SO 4.00 .60 1.50 Cluliflower. crate . 2.25 and Crook neck Si Italian sauaah. lb. Turnips, doz. bun. Cabbage, lb. - Endive, doz. bun. Radishes, doz bun. Cantaloupes, crate Carrots, doz. bun. Celery, doz. bun. watermelons, lb. Peppers, green. Ib Beets, doz. bunches . 03', .05 .70 Pumpkin, lb. - '3". Parsnips. Ib. BUTTER, EGGS AND POULTRY Aadresen s Baylor Price (Subject to cka-ge withent notice) Premium '- 4 No. 1 ' ju No 2 o BUTTER PRINTS A , ; B , ZZ .4; Quarters 47 .48 .43 5 .25 -8 EGGS Extra large Medium, Fullets POULTRT Colored hens Broilers springs.. j Marlon Creamery's Baying Prices (Subject to ehaaea wrlrhnnt . CGGS ?-"rge A ; : 1.,,- ,. .48 Medium A : aa Pullets - J POCLTRT All hens M 8 0 All springs Roosters or. stags Above D rices for orinu tr.ir txmtmr aoraing o value. ,BU? "J? 5or,No 1 toct b d on conditions and alaea rrnnrtMl Spring lambs , 11.00 to 11.50 Yearungs ; 00 to 00 Ewes . 3 on tn A net Hogs, good to choice grade. 170-270 lbs. . - 14 M) Sows . t OO to 10.00 Top veal 3M Dairy type cows 3.50 to I 00 . 7.00 to 00 - 7.00 to too a 00 to 10.00 XI Bee type cows ulls Heifers Dressed veal 5. I j n j uiutna uuu Bunas r;6 STOCK AVEKARES i I -LCCCIIlDesr n . I 30 15 IS SO Indus : Italta lltil Stt Monday 69 ;' 23 0 35 49 5 Previous day : 69 9 ; 13.0 35 49.9 Week ago 89.J ; 23.7 35 . 49.0 Monw ago. sa.i -: a.s 34 9 4S.3 Year 1 ago 60 19 0 3S 41JS 1943 high T4.S 27 4 3S.8. 53.3 1943 low 60- 1S.3 27.1 41.7 BOND AVERAGES , v 10 Monday roen " 63.2 - - WU U w nr J S3.1 S3.0 cck ago Month ago Year ago 82.1 53 143 nign HI low . 53.2 i -al.,:M; DRH. CHAN ... I. A M Dr.Y.I XamJM.D. Dr.G.CaNJ. CHINESE Herbalists. f- 241 Vnrfh f rv, . , " Upstairs Portland General Electric IS 1JH ta I n m . a r t n sunatroa. Blood pressure end urine ies ta are tree oc charge. Practiced nnct wit 10 10 Rails Indus Util 77a 105.1 103.0 , m A , ... a jvw.v v , - IO 1U4.7 .. 78.9 103.0 105.S 64 3 103.3 97 J 78.7 103.S 103.4 -. 64.8 103.S 93.0 X-f Land Boom -Causes Fear Farm Leaders ., Foresee Collapse As in World War I By OVID AI MARTIN . W ASHINGTOIT Dec 20 -JF Fears are beinexpressed by farm leaders in and out of the. govern ment that the land boom and Col lapse pattern of World War 1 may be repeated unless present trends are halted, Their . concern Is .based, they say, ori the fact that the price of farm land " is , one ; agricultural price which has; not yet been brought under control. The bureau of agricultural ec onomics has Just reported that the average value, of farm real estate for the country as a whole in creased 13 per cent during the past 12 months. That was saldjto be the highest rate of increase on record oat- side the boom year of 1919-20 av year daring which skyrocket ins; farm commodity prices -led countless farmers and non farmers to participate In a mad scramble for land at any price. Values on November 1 this-year were said by the bureau to be 44 per cent above the 1933 depression low and 38 per cent under the 1920 inflation peak. While the increase for the count r as a whole was 3 per cent between July and No vember, increases as great as 6 per. cent in a number of Rocky mountain and Pacific coast states. And the bureau says land pri ces will advance further in 1944 unless measures are taken to con trol them. Various measures for govern mental control affecting the farm real estate market have been dis cussed during, the past year. But it was not until lately that the problem was taken seriously. Among the measnres suggest-. ed are limitations on mortgage credit, taxing of. speculative gains or profits made from the resale of farms, taxing of land transfers," and . control of sales by means of a. permit system. The high level of farm activity 1 and price increases nave been ac- drop "1 foreclosures, a rapid de pieuon or exnausuoa oi zarm real and a growing interest among non I a oa ncua uuuu( idiuici m opportunities to buy land. in most parts oi tne country, the 'predominant forces opera tine I m the land market stem, the bu- ' reau trom "high commodity prices, record levels of farm In come, and a' large accumulation of liquid funds of farmers, and pth-i ers. F. A. Massee in Portland For Major Operation MISSION BOTTOM F. A. Massee went to Portland Tuesday. He will undergo a major opera- tion. Mrs. Massee accompanied him and will stay with a friend, Mrs. Harvey Toby. Her mother, Mrs, Emma Kienner, is staying with the Massee children while the parents are away. Mrs. Massee expects to "be home for Christmas. Iegal Notice NOTICE OF FINAL. SETTLE MENT IN THE CIRCUIT COURT OF THE STATE OF OREGON. FOR THE COUNTY OF" MARION. PROBATE DE PARTMENT. In The Matter of The Estate of HALLIE S. NOYES. deceaseds Notice Is hereby given, that the undersigned, as Administrator of the estate of HALT, IE S. NOYES. deceased, has filed his final ac count in the above entitled Court n d that- Thursday, December Z3rd, 1943, at 11:00 a. tru in the Court Room of the above entitled Court has been appointed by the Court as the time and place for the hearing of objections thereto and the settlement thereof. HAROLD W. NOYES Administrator of the Estate of HALLIE S. NOYES. dix-nvd. K. . BENNETT, Attorney for Estate. aie or iirst publication: . No- . iate 01 last puDiication: De- cemoer zi, JS43 - v - .w-6-iJ.Y-l-ZI. UAIITED! GiiummiG AND "... . EGGS HIGHEST CASH PRICES Curlys Dairy FatrtToanda Rd. at Hoed - -rhoBt g7gg AT FIRST USE m N C f y-S l 4 I J n u V7 Golf Ball Shortage Warned in Portland : PORTLAND, Dee! ; 2fP) Portland golf course managers warned last week that there will ,be few : usable ' . balls by spring unless ' a large supply ' Is turned la this winter for repro- CSsdugV : .. . T"v-. ; ' ; Sporting goods retailers re ported 5t per cent of the pre war balls have vanished and es timated enly 39 per cent would : bo left by sprinr. Fall in Home . Causes Injury DETROIT '!- Mr. and Mrs. Rich ard Phillips and daughter went to Mehama to her: mother, Mrs. Nettie Downing;, who was injured last week in a fall down the base ment stairs. Friends of Mr. and Mrs. Ed Loners have learned the latter has improved in health considerably since moving to Seattle. He . was the district forest ranger here for about a year and a half. . HELLC. AND DEM M3f AMJDDM MfllA WOD ML EVENN. SCORCHY SMITH BARNEY GOOGLE MICKEY MOUSE THIMBLE THEATRE 'ASXXPlKJgfV.AND THE ElECTGO-gOK AISOS TWjJi489 WEAK I l SUSPOSE WOTICE r , t rWT ASM0UKk AS ASSUMIM SCO CAM vAM1 THEVS 7 I OSTER BE? SHOOT BETTOR BECAUSE T AOTtCRREASWG J M " VOU HAVE OWE EVE, K LUHV Hf MUST. 3 ' JP-O THERE'S AKKJTHER REA50W 7- 1RJ . PcP YOU PROMISED TO 6ET RJO OF THAT LITTLE BRATS D06.7ER0. MY WILO WOLRS JUST A WOOLY WHiriz LAMB-J LITTLE ANNIES ROONEY MAYB8T I CAN FIND THE FOOTPRINTS I MADS WHEN I CAME TWXXH4 HERE. 1 'rv. THE LONE RA17GZ-1 3 FL 13 4 Fie 4Fl.b G FL. 90 c S:s Fern Siro v ( Rye Advances Leading Grains Offerings Scarce Iq All Pits; Wheat Price Good By i WILLIAM FERRIS CHICAGO, . Dec. 20-i1-Rye led a good advance la grains to day, deferred contracts moving to new seasonal highs in, a market distinguished by a scarcity of of ferings in all pits. Wheat, oats and barley advanced a cent or more, December wheat rising to its Dest price since 1923. There was no specific news up on which to base the upturn, and traders attributed it mainly . to "inflationary psychology.". Agri cultural economists at a leadincr agricultural college, Purdue .uni versity, reported that "the infla tionary forces underlying the US pnee structure continue to grow. Mills were modest buyers of wheat 'and eastern commission houses were active in rye. In the cash market, No. 2 dark if.-. Ain rr cm mc r-r i-w ...i JJMI-KCUMSLC7 WV; f YOU POOR FOOul I'll) NOr LISTEN TO YOUR PREACHING. )P YOU rM ICAI Uuni I rsr 7:"?r? I tgJJ-Vfc tout IM NEITHER SQUEALING NOR PPEACHIN6 TONTOi LOO AT 7WATTHE 8ASE m iia tifHd wvyttfr J w 1 J- S TVSJ CaOUNOOng M6 A AAATCH! CUT A ORfisTTAL ftjay &fei!nis hard winter wheat sold at $1.74i a new high since 192S. - Wheat closed. 1 ft higher, May $1.67 tt, oats were unchanged to ltt higher. May 60ft, rye was ahead ltf-2, May $126-$12SV; and barley was up l'A-1, May - : Continued heavy utilization . of wheat was shown ma decrease in the Visible supply last week of 1,182,000 bushesl. Visible supply toUled 119,651,000 bushels against 204,661,000 bushels a year ago, The Commodity Credit corpora tion announced purchase of 1, 750,000 bushels , of Canadian wheat last week.- A steamer with 213,000 bushels of V wheat from Canada arrived here. - There was -some buying of wheat early on belief a govern ment crop report due after the elose would show poor prospects for the 1944 winter wheat crop. The estimate was for 526,957,000 bushels compared with. . 529,606,- 000 bushels harvested this year. The condition of the crop on De cember 1 was 69 per cent of nor mal against 88 per cent a year ago. Traders said this confirmed reports of insufficient moisture in the southwest. ,::: ' , " j wwwvd vjkw rum A-rr-m "VI f. . . . jun 1 . 1AC WOULD YOU AArytvoNa.X A It BUT IT rSXlT 1 II TT ALSO UU7DttJ I I i J lAUUArT-.EcVrs,ME -PSaAcri j2 IUSESOU THA'STHe TCSCZ. -a KEAaK THAT iX S(A KlM TI Trg OLDER I SAM.THE MOPE CPMpi) REASOKI 1 ' 1 1 i 1 173 S. Li DYNAMITE! BAH! I MONGRELS LIKE V l YOU AN0 2R0 - BUT YOU'RE (PONT FRIGHTEN FOOUNO WITH - ME-f' PfNAMITE ! J u I LOOK AT THAT AvHAT THERE'S A SJ DOES " 0RAPT BENEATH 1 THAT THE- WAlO-i -VfAEAN?, Cash In A Uarrj . A Pergonal Loan ; i ;. ;! 1 1 Vlfyimm 'vfM naif mmim ' - quickly, come to us for persosuU loan. We will be j happy to extend a ! loan to you without de ' ' lay lit- a loan you out -' repay easily ew a period of time. rr HMtr la a Barry Sea Sikia Fizsnsa Co. S12-X2S' Guardiaa Bids. , Corner Liberty SUM - Telephone ! ' - tlCS ! V Lie, S-216 M-222 We are always ta tke aaarket tm key er CASH steal Estate M arte axes aa4 coatraeta, Mrr chaadise Discesn rapes aaS Netea. , ' : SI SWITTEN ft f MAAHWUM KVTr TOO 1 fTHEWOCDFOS If fXlCN0W WHETHR 0RCwy r A - TO BE MAPPV Sw . -ii : f e. . . . v fv . I GLORYOSKY! YOU MEAN ZERO KIN GOMjE RIGHT INTO THeSCHOOLROOM WITH HE r6Eg, TERO, NUWT13UXL 6 AN - EOUCftTEO DOSA r . LOOK THERS ANSWER. 1 6!Ft. !'ii.y And; Over -fill Ml - -J I: - :rly C;.. Cd: lit - ' 1 n .- W ii , ' SI "51 I ' to I I f:4 h i I IT MEANS M 3 A 1 U 5 i ! . 1 ' i '- r 1 : t I M '. f i -