Crop Outlook
Boosts Market-
' Prospects of the largest wheat
, crop on record served to keep the
general tone of domestic grain
futures markets heavy during the
week ended July 14, according to
reports to the war food adminis-
: trationJ The laree wheat crop in
. prospdct "and a slight increase in
the 1944 oat production over last
year more than" outweighed ' the
somewhat smaller corn and bar
ley crops in sight and made the
' total supply situation quite im
pressive at this time. While -the
lore ! rron estimates made for
. Irregular to lower markets for
wheat'and oats futures, cash grain
" generally remained in a relative
ly firm position at midwestera
terminal markets.
-. j The cash wheat market situa
tion a tPortland ranged from un
changed on most classes to 1 cent
per bushel higher on soft white
and hard red winter as compared
with a week ago. The local situa
tion reflected between season
dullness and price variations de
pended upon supply and demand
. conditions on the various classes
. of wheat Demand was confined
principally to special quality lots
for Immediate needs of mills since
' inquiry from'other classes of buy
ers was mostly lacking. For the
most part, mills are supplied with
, their wheat requirements for the
present and are awaiting further
crop and market .-. developments
before making Important commit
ments. Prices here now are sev
eral cents under the ceilings and
there was some disposition on the
part of buyers to await any possi
ble adjustments toward a new
, crop basis, with the large - pros
oective Pacific : northwest ; wheat
crop an important factor. Re
ceipt sof wheat - at Puget Sound
and Columbia river terminals
amounted to 395 cars of which
Portland had 153. Harvesting of
the winter wheat crop has begun
In, earlier sections of Oregon and
movement to coast terminals is
- expected to begin soon. The win
ter wheat crop is ripening satis
factorily in most places in Qre-
. gon but spring grain needs rain
in' most parts of the state.
"Strictly Private'
By Quinn Hall
. I'VE. Vj3MVw -""'"e - s . ' "" ' v
V yO J r-A7 ' tONCH? J
i
A li I
ST-1S I
Stock Market
Has Retreat
NEW, YORK, July 17-(;p)-Steels
and motors today led the stock
market on one of the most sub
stantial retreats pt the past three
months or so. I , . A ' "
,1. . a . v . .. j-- j '-
Many highs for thej year , or
onger s were in evidence at ; the
start but selling! in volume soon
appeared
losses ranged
r
A.
SOVEUWEfcES fi FLORIDA
D2AR. MOW:-
JRVEAEDAUJItt fiWiSTOT ABOUT
GSIINS- DELAYS N KXSTU ttWED WtfT
W-AHERKT. EOT I WK. I POWD OUT
Wi I VJEKT "D THE KK. S&mOM
VDUR. SOU
PS. rrs utArriMG-
IN UUE. TO TRV
&jy A TICKET
Quotations at Portland
Portland Grain
PORTLAND. Ore., July 17 (API
Wheat: No futures quoted.
No cash grain quoted.
Cash wheat (bid): Soft white 1.48;
soft white (excluding Rex) 1.48; whit
club 1.48; western red 1.48. -
Hard red winter: Ordinary 1.48; 10
per cent 1.48; 11 per cent 150; 13
per cent 1.54. "'"'I'i
Hard white Baart: 10 per cent 1.48;
1 lper cent 150; 12 per cent 1.52.
Today's car receipts: Wheat "54. bar
ley 4. flour 24, bay 2, milUeed 10.
flaxseed 2.
PortlantJ Produce
Grain Prices ,
Close Lower
I ...... .
t i . .. ..... , .. ;
.. CHICAGO, July 17-P)-The
grain trade eyed reports of fav-
. orable weather in the northwest
and heavy weekend receipts of
wheat at southwestern terminals,
then began liquidating futures to
. day with the result that prices
closed sharply lower,
., Hedging 1 pressure, was on the
-wheat market throughout the
session and the only sustaining
influence resulted from resting
- .orders for September fw h e a t
$1.57 Vi. When this demand was
'satisfied the September contract
dropped still further and closed a
cent above . the loan level.
' "The commercial " demand which
persisted last week was not ap
parent today. At Kansas City July
j wheat sold at ; $1.49, the loan
price. Trade sources said there
i also was some market reaction to
; failure on the part of the com
i modity credit corporation to buy
t more' than relatively small
amounts of wheat to replenish
i supplies for livestock feeding.
r Wheat closed to 1 cent lower
than Saturday's . finish, - July
$1.57 Vi. Oatt were off V4 to ,
July 77!i. Rye was off IVt to
2, July $1.10. Barley was
l,to Jower, July $1.26y4. .
PORTLAND. Ore.. July 17 (AP)--Butterfat:
First quality, maximum of
.0 of 1 per cent acidity, delivered in
Portland 52-52 'ic; premium quality,
maximum of .35 of per cent acidity
53-53Vtc: valley routes and country
points ZC less tnan nrsi or au-ai-.jc.
Efes: to Droaucers. . canaiea "'.
ease count 36-31c; select henneries 9-
39c; mediums 34-35C aozen.
Eggs: To retailers: A large 44c; A
medium 38c: small (pullet) A 25-27c
dozen. .
Live ' poultry: Buying prices from
oroducers: Broilers up to l' lbs. 27c;
fryers 2' to 4 lbs. 28c: roasters over
J'a lbs. 29c; Leghorns 23c lb.: colored
hens, all welshta 25c; roosters and
stags 18c lb.
Live poultry: Selling prices to re
tailers! No. 1 grade Leghorn broilers
up to 2. lbs. 30c;-roasters 29c: sUgs
21 ',4c: old roosters - 21c; fowl (hens)
25AC.
Country meats: Rollback prices to
retailers: Country killed hogs, best
butchers. 120-140 lbs. l-17c; vealers
AA 22'ie: A ai'.ic: B 19-19'ic; C 15-
17'c; culls 12-15c: beef AA 21ic: A
20ic: B 18ic: C 14c: canner-cutter
cows 13-14c: Bulls, canner-cutters 14-
14ic: lambs AA 26c: A 24'ic: B
22"ic: C 10-20c; ewes FS 13'.4c; med
ium 12c; R I8e. ' v
Butter: AA grade prints 46-48'ic:
cartons 47-47'ic; A grada prints 45',i-
46c; cartons 46i-47c: B grade prints
45',4-45ic; cartons 4ft-4Sc. ,
Cheese: Selling price to Portland re
tailers: Oreeon triolets 29.4c: daisies
29.9c: loaf 30 Jc lb.: triolets to whole
salers. 27c; loaf 27ac FOB.
Rabbits: Government celling: Ave-
raxc country killed to retailers 40-44C
lb.: live price to producers b-mc id.
Turkeys: Selling price to retauers
DrnaMi hens No. 1. 39"-43c lb. '
Turkevs: Alive: Government ceuing
buying prices: Hens 42c. toms 38 '4c lb.
dressed basis.
Onions: Green 80-70C. doz. ouncnes.
Onions: Dry.' Coachella wax 2.75
CaMfomia red 2.50; Walla Walla 2 00
50-lb. bag; Arizona whit 2.75 per 50-
lb. bag.
Potatoes: Old local No. 1. 3.50 cen
Ul: do 2s. 50s, 3&: Klamath No.
3.75: Deschutes No. 1. - 3.85 cental.
Potatoes: New Caiitomit wnita 3.W
cental: Texas red 3.00 50-lb. bag.
Hays: Wholesale prices nominal: Al
falfa No. 2 or better 834-35; oat-vetch
828 ton valley points; timothy (eastern
Oreeon 835-38 ton: clover s?4 ton
Montana grass hay (No. 1) $33.50 ton.
Wool: Government control.
Cascara bark: 1944 peel 20c lb.
Mohair: 1942 12-month 45c lb.
Hods: Nominal contract: 1944. 85c
up; 1945. 75c; 1948. 55c; 1947. 50c lb
cows 11.24; several loads i grass fat
cows 9.00-10 25; common Cows 7.00
8.00; eanners and cutters' 4 JO-8.00;
common medium bulls 7J0-8.50; good
beef bulls S.Z5-U.50; good -choice veai-
ers at 14.00-15.00; few 150,
Hogs: Salable 3400. toUl 3500:' mar
ket uneven good-choice 170-270 lb.
carloads. 25 cents under last Monday
at 14.75; truck-ins about steady but
slow, many unsold: good-choice 180-
240 lbs. 14.25-14.50: 250-270 i lbs. 13.75:
heavier weights down to 12.00; light
lights ll.WM2.oo: good sows s.50-.ao
light sows to 10.00; good-common feed
er pigs ' around 50 cents- higher at
11J0-12J0. . j i - - '
Sheen: Salable 2500: total S900; spring
lambs around a 50 cents lower, many
unsold; yearlings scarce; ; good ewes
steady; 1 goodcholce spring lambs
12.00-50; medium-good 9.50-11.50: com
mon down to 8.00: good feeders 9.00-
9.50; common medium yearlings 7.00-
9.00: good ewes 4.00; common aown
to 2.00.
Wheat Futures
Remain Heavy
t PORTLAND, July 17 -()- The
. wheat futures market stayed on
: the heavy side during the last
week dut to prospects of the
largest wheat crop on record, the
war food administration said to-
day.. . " ; f
The cash market here ranged.
however, from .unchanged to
cent a bushel higher for . soft
. white and hard red winter, com
pared with a week ago. The price
' Variations depended upon supply
and demand conditions. The de
mand was confined principally to
- quality lots for mills' immediate
seeds.' ; v . ' ..: .-' .
, Prices here are generally below
ceilings a:ad buyers seemed will
ing to await adjustments toward
new crop' basis, with the ' large
prospective northwest wheat crop
an important factor. r
;" v Portland':" receipts during the
Reek totalled 153, cars with 242
cars received at other Columbia
river and Puget Sound terminals.
Harvesting 01 tne- winter crop
hrs tart(d in earlier, sections
Ore: :n, and a movement to coast
t rr ' lis is expected soon. The
x;'-.'t crc? is prosresslng. -satis-
f -'.:v:Ay in moft r.arts of the state
I . r ZL'.ri generally needs
Portland Livestock
PORTLAND. Ore- July 17 (AP)
(WFA) Cattle, salable 2300. total
3000; holdover 350; calves salable and
total 429: noioover so; market uneven;
rrasa fat steers and fat beef cows
steady; -common .low medium beef
cattle very slow: few sales weak but
most bids ZS cents or more lower: two
loads outstanding grass fat steers
15.50; one load 15.80; -others larcelv
13.00-14.50: common down to 9.00
common-medium heifers 8 00-12.00
load good beef cows 11.00; load young
Stocks land Bonds
July 17,5
STOCK AVERAGES 1
30 15 i 13
Indus Rail Util
Monday: i..77J 29.3 37.9
29.7S 38.2
29.8 38.8
29.0 374
26.7 . 36.7
Previous day 78.2
Week ago jZ.7S.l
Month ago -.,-,77.3
Year ago 73.9
1944 high 78.2 29.8 38 8
1944 Uow i68.1 22 35.1
BOND AVERAGES
...... I.. i-- 20
. !-' I Rails
BOND AVERAGES
Monday t 90.8
Previous day I 90.8
Week ago s 90.4
Month ago -1 89 8
Year ago i78.3
1944 high -.90.8
1944 low -. :...79J1
New 1944: high.
10
Indus
i
10
UU1
105.1 s 107.1
1054. 107.2
105.1 i 107.1
104.9 106.8
105.7 105.1
105.7 107.2
104.7! 104.7
80
Stk
55.8
" 56J
56.4
55.6
; 52.9
58.4
49.5
10
Fogn
68.6
684
' 68.4
-, 67.8
sia
68.6
63.2
ASSOCIATED PRESS
FSJI
i i
and, I
8 ' .
1'
from
around 3 point in virtually
afterg . midday,
fractions 1 to
all
departments. The majority of the
B -,- .... I
at i one
al-
rails, . which wej-e ahead
.-I i 3
time, slipped with th rest.
though , there cwere v exceptions
here. Volume j expanded j for T
while as a number of stop-loss
orders were touched off. Dealings
then slowed and extreme set
backs were reduced at the close.
Some liquidation was attributed
to ' reports peacf : feelers were be
ing put out by toth Germany and
Japan. At the same time it was
recalled that Irecent brisk up
swings had been based partly on
the good war (news, j Brokerage
opinipn was fhat the stumble
mainly reflected technical factors
involving the lengthy climb to an
average 7-year )top. Accounts were
a. s . . i s t I . !
irimmea or sneivea ii many in-
stances because of th belief,' the
sharp advance called for a healthy
reaction if the, drive were to be
resumed later.
The ' Associated Press 60-stock
composite was off .5 of a point at
55.8, equalling similar fall April
24.. The market was broad with
970 issues appearing. Of these,
714 were down, 126 up and 130
u n e h a n g e dt Transfers! totaled
1,482,440 shares compared with
1,087,810 Friday. j j ,
Small Plants
Will Receive
. j p- K;;;v;;: i j
New Service
Ttr:
tr-
r
ill .1 L . m Jw
CANADIAN CATTLE FORD ST REAM Hundreds of Hereford steers and dry cows ford the Milk Elver ea Joe GU
chrest's ranch near Lethbridge, Alberta, ea route to summer feeding lands. Gilchrest and bis four brothers have 408,000 acres.
.1 '
Salem-Market
Quotations j
lbe prices to ow supplied by a lo
cal grocer art indicative ot the dally
market price paid to growers oy a-
-lem buyers 'but are not guaranteed
by The Statesman: s
Cauliflower, crcte 2 25 and
Crook neck Si Italian squash. Ib
Turnips, dos i bunches . I,.
Cabbage, lb. f ;
Endive, dot tbun.
Radishea. dog bun. i ,, , ,,.
Carrots, dox ibun.
Celery dox. Ibuii.
pumpkin, ids
Parsnips, lb. I.. ,
2 55
03
1.00
02
.70
SO
80
1 50
03.V
09
BUTTES. EGGS AND PQm.TRY
Astdreten's Buying Price
(Snbject to change without notice)
BCTTCKFATj "V ' ' . :
Premium f ' '- . 34
No. 1 ; I ' ' S3
No. 2 1 I .. - , . , , j JO
BUTTER PRINTS
A , .... . ; ..
B ..,
Quarters
r.GGS - i
Extra ! large .
Medium X
PulleU i.
.48U
45 'J,
46
M
M
.24
POL'LTKT - f
Colored hens. No. 1 r . ' . 3i
No. 2 colored hens 31 ,
Colored try . , ,, , 29
Marlon Creamery's Baying Prices
. (Subject to chase whMiort notice l
POULTRY .1 ' . i
No 1 springs ' ' . S9
No 1 hens f - I 25
LIVESTOCK i .
Buying prices for No. f stock, based
on conditions and sales reported: -
Dressed veat ;. . ... i . . . 1
Spring lambs 14.00 to. IS 00,
Yearlings U 8 DO to U00
A new index, covering a library
of diversified 1 technical research,
production, mgrketinhg and man
agement problems, is now avail
able to small lianufacjturers in this
area, it was Announced today by
George R. Moicrip, district mana
ger of the Smaller waV plants cor-
poratin in .Pomand, r- fi f ;;; i
, tThe index lists several hundred
Droblems that have already been
solved through the technical ad
visory service of the Smaller War
f lants corporation. Tney embrace
58 different fields, including auto
motive, ceramics, chemicals, met-!
. '6. . j. .. ...i :i.;n ' t .j i
ais,. pnarmaceuucais,: piasucs, ra-
dio, rubber, textiles and wood. The:
complete library is available for
reference purposes in the Smajlet
War plants Corporation regional
office, Seattle". Wash i !
Moscrip, iri his announcement.
urged alrsmau manufacturers with
any type of ( production j problem
wnatsoveer, or in need or research
assistance, to! contact the Smaller
war Plants qistrtct office, located
in 608 Bedell . building, Portland
Stressing the importance! of this
relatively ' new service, j Moscrip
said ; "Technical advisory service
is something smal lbusinessraen
have been waiting for a long time.
For years the department! of ag
riculture has peen providing advice
and aid to farmers, and j now SW
PC, through its technical sjdvisory
service, is offering a!long-feit need
to the small manufacturer in much
the same way! . 1 ; i -i -" I
William ClBrownJof the Smaller
War Plants corpofatipri."! Seattle
regional office, is in charge of the
technical advisory service program
for this regidn. I I . - i
A
- - -- - 1
DOG WOULD CHAM PIOUS I!eroaefe Crs
Cier, the Chlhnahna ia the basket, has won trere vrui at kennel
shows than any other of her treei Tte-Crejt Cane carrririktr.
Is Ch. Uzlli of Lzxlzzi, solLcr t:.:i v.r-.:r.
t- ' -
: i
i
4
v
MM
WAR BIRDS IN N EST With folded wings making them
resemble sleeping birds, U. S. Navy planes spotted on the deck
' of their carrier ride to a battle rendesvous in the Pacific, i
REDUCING THE ECC SURPLUS -f-.perstiiir
enthusiastically with the OPA drive to use f).4he ere surplus s
Cab Calloway, orchestra leader, cooks himself s few.
5
I t ,
r
.;::-s,::.
Anderson Will
.... ... .. , ... ..
Head; Program
PORTLAND, July 17 -j Appoint
ment of Dean . Anderson! as acting
northwest representative in charge
of , fruit and vegetable j programs
for the office of distribution, war
food administration, was announ
ced here today by Don Hi Wilcox,
western regional chief of the OD
friut and vegetable division, wjth
headquarters in San Francisco, .
Andersonj fills the vacancy che
ated by the! resignation of Harold
Brock who fwill be secretary of the
Northwest 1 Canners assrxiatlrn
Brock has been in charge of the
Portland frtiit and vegetable office
since April, - 1943. Anderson has
been Brock'c assistant for the
past year and was formerly Jn the
Portland Transportation and Ware
housing office for-WFA: ;
h'.'a
ft - V (
V
IS K . w i
i , 4
t
SINCER DOUBLES IN ART-Stella lUman. Metro-
Mltlm mam mj.wm.ma - I m - . . ......... .
wyu Buyi un, yuaia an Bnaerscas scene on a glass panel
I for a bathroom window ia her New Tork anartmenL
mmu . , . i.'x iiifip.' .jif.'iiiiij ,wm urn mwf m
r K.r-y--wwA .-" . ... -.:
mi
1 -3M
)
t
RUSSIANS VISIT MOVIE SET CoL A. Dannm,;
Lt. Cot V. Racbtln and Capt J. Lebedev of the Red Army air
force chat with Eve Arden, film actress, on the set at Barbank,
Califs where she Is portraying the role of a Russia girl sniper. '
in a movie aboat Washington life.
Family jParlies Held
Sunday! at Gty Park
SILVER toN j MrJ-and Mrs.!
Bryan . Gordon, Anna j Lau and I
James Go don and MrsJ Fannie
Gordon picnicked p the qity park
at Silvertob Sunday, i.
The birthday anniversary anni
versary of- Mrs. Adrian Jacobs of
Wpodburnl was observed; Sunday
with a tzf&ity tlinnfer loJSUverton's
city park Sunciyl Presr.t . were
Mr. and Mrs. Adrian Jiccbs. Ron
ald Denn fend Lyle; Mr. aod Mrs.
Alex Pollird and Alice acd Wil-
iard and ETr. and Jrs. Aitis Lill's,
- : ,' '
; v. '
S
1 t
ci of T.c-illurn.
COLLECE CHILD COURSE-cwen ci,rk Cert) of
, n?y, Xtah, Xcih AI!ea f Salt Lake City, first L'Klversi:y
of Ctah students to maj r ia eoarses la ti l l devetc-ment, do a,
irj'e laboratory work Charles -..;h, 3, and Dana Ccye, 5,
t . ir;..l3 t tie cr-irerslty's trrr;ry s:hocL i
GUESS VIJ0? lis Ts'kr TL'jfra at Cs r!;it, Itt
who's t!ie ill xziij tint? TtinsTamed ty taskec?. li's bobs i
c'Jier Uiaa Creer Carson, heroine ef many a rcraactl LLn, i-'ay-tr.g
lie rtle ef ta t3-year.:i v. cs'An, -
i
: ' -' - "- 1
if