The Oregon statesman. (Salem, Or.) 1916-1980, June 08, 1948, Page 7, Image 7

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"THE YOUNG IDEA"
By Mossier
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TW StottwaaarC Sdliwaj Oriiqon, 1u&dj, Jvni ti ' 193-0
"I wonder If you'd rail op Mr. Smith and explain how your son
hasn't enoofh cash to take his danxhter out tonlrht
as he had planned!"
Wheat Slides
Under Growing
Crop Prospect
CHICAGO. June 7 '-UPh- Wheat
prices were weighed down by the
rapidly advancing harvest in the
southwest today. Losses averaging
around a cent were enough to send
May, 1949. wheat to a new sea
sonal low. The 1948 contracts hov
ered only a few cents above the
government loan level.
Corn and oats ignored the
weakness of wheat. Both feed
grains were firm throughout the
session, despite the fact that the
mid-west received needed show
ers over the week end. Traders
said most buying, particularly in
corn, apparently came from pre
vious short sellers.
Wheat finished 4-1'i lower,
July $2.29-$2.294, corn was
li higher. July 2.16l?-4, oats
were lower to 1 cent higher.
July 9Ji-'.4. and soybeans were
l'a higher, July $4,174.
Much selling in wheat was in
the nature of hedging from the
southwest. Harvesting was on in
earnest in northern Oklahoma
with wheat being piled on the
ground, awaiting movement, in
Obitciarieh
riLXENTOM f
At a Portland hospital. Jun S. Graeo
Louise P liken ton. Ute resident of 2430
NZ sib ave Portland, at tbe age of
39 years. Survived by tier husband..
Mort Pflkenton of Portland: a daugh
ter. Joana PUkentoo. of Portland; and
five sirten. Mrs. Paul .Hendricks and
Mrs. Delia Hill, both of Salem. Mrs.
GUdys WUims of Los Angeles. Mrs.
Edna Simpson of Seatuo, and Ze I hi Hop
son. Recitation of the rosary Monday.
June 7. at pjn. at W. T. Rigdon
chapel. Services will be held' at St.
Joseph's church Tuesday. June S. at
9 a.m. with concluding services la Sci
crert Memorial park.
GIVEN'S
In this city June . George Civens,
late resident of Turner, at the age of
66 years. Survived by two children,
Faye Russell of Long Beach. Calif., and
Earl Givens of Salem; four brothers.
Harry Givens and Ed Givens. both of
Salem. Roy Givens of San Francisco and
Gentry Givens: two sisters. Pearl Giv
ens of Turner and Mrs. Bersle Dahlen
of Portland: and 10 grandchildren. An
nouncement of services later by W T.
Rigdon company.
New York Stock Quotations
NEW YORK, June
Al Chem At Dye 195
American Can 877
Am Power At Lt 9Ts
Am Tel & Tel 157,
Anaconda 39
Atchison 111H
Bendix Avia 36
Beth Steel 35 4
Boeing Air 25S
Calif Pack 364
Canadian Pac 171'4
Case J. I. 48S
Chrysler 64
Comwlth Sou 3
Cons Edison 23
Cons Vultce 10
Crown Zel 327.
Curtis Wr 8
Douglas Air 5634
Dupont de Ne 183TS
Gen Electric 41
7 - (4) - Today's
Gen Foods 40
iGen Motors 62i
'Goodyear Tira 45
Gt. North pfd 44
lint Harvest
Int Paper pfd
J. Manville
Kennecott
Long Bell A
Mont Ward
Nash Kel in
Nat Dairy
N. Y. Central
! North Am Co
Northern Pac
Pac Am Fish
Pac Gas Elec 35 L,
P T At T 103i4
Pan American 101?
Penny J. C. 473i
Radio Corp 123
1684
6P4
40 4
56
63
18'4
31
16
154
24
Closing Quotations:
!Rayonier 33
Rayonier pfd 344
! Reynolds Met 27 V4
I Richfield 284
Safeway 20 H
Sears Roeb 40 7
Sinclair Oil 26 ta
So Pacific 564
Stan Brands 27T
ISUn Oil Cal 70
Studebaker 27
Sun Mining 10ls
Union Oil 32
Un Pacific 184'
Un Airlines 1534
Un Aircralt 2734
U S Steel 784
Warner Bros 12-4
West Elec 314
Woolworth 47 '4
some centers.
If anything, the crop outlook in
Europe has grown better. Private
cables said weather conditions last
week were unusually favorable in
France and Italy, two very large
importers last year. Rains helped
the outlook in Germany.
Salem Market
Quotations
Stocks and Bonds
Compiled by the Associated Press .
Previous day
Week go
Month ago ...
Ytdr ago
96.8
97.3
92 8
86 J)
43 7
44 J
42 7
29 S
41 8 70 4
42 J 70 9
411 68 2
41.6 61.0
June 7
STOCK AVERAGES
30 IS IS 60
Inrlus. Ralls I'til Slocks
93 0 101 6 101 .7 61.8,
93 1 101 6 101 3 61.6
92 8 101.6 101 4 61 8'
91 4 101 5 10O 8 61 4 1
90 2 103 J 105 3 73 4 1
93 1 101.8 101.7 66 9 i
high. i
10 10 10
Portland Grain
M'.nda y
Pirviou dav
Wtrk i(n
Month ago
Year ago
1948 hiun
New 1948
BOM) AVKRACi
20
M.)ndr
Rails Induit. Util Forgn
96 9 43 5 41 7 70 3
PORTLAND. June 7-fAP-C'ssh wheat
(bidi Soft white 2 29. soft while (ex
cluding Rex) 2.29. white club 2-29;
westei n red 2 29.
Hard red winter: Ordinary 2 29; 10
per cent 2 31. 11 per cent 2 39. 12 per
cent 2 43.
Hard white Baart- Ordinary I S3 10
per cent 2 S3; 11 per cent 2 59. 12 per
cent 2 65.
Today's car receipts: Flour 1. mill
feed 1.
R UTTER FAT
Premium JO
No. 1 . M
No. I .78
PRINTS
Wholesale . . .83
ReUll SO
Ei;;s (Buying)
Large JJ
Medium . 48
Pullets and cracks .34
EC;S (Wholesale)
Large .... M
Medium .52
Pullets and cracka .46
POULTRY
No. 1 Leghorn .27
No. 1 colored hens .. J2
No. 1 colored fryers. 2'j-3 lbs. .34
No. 1 colored fryers. 3 lb, up .38
No. 1 old cocks . .14
I.lVtSTOt K (By Valley Pack
Spring lambs u
Woo led lambs .
Fresh ihcared lanbs
Yearlings . up
Ewes 2 00
rat dairv cows u
Cutter cows u
Dairy heifers 15 00
Bulls .. 17.00
Calves (300 to 430 lbs.)
Veal, choice
WEST
In this city June 7. Wharton Iwta .
I West, late resident of 480 S. 23rd Bt at
uie aee oi ii years, survived Dy his "
wife. Viola West of Salem: two chil
dren. Lewis N West of Berkeley. Calif.,
and Charles S. West of San Rafael.
t ml t - infl .... 1 . I - .
will be held at W. T; Rigdon chapel
Wednesday. June 9. at 1:30 p.m. with,
the Rev. Geore 11. Swift offtciating.
Concluding rervices at aft. Crest Abbey.
Ml'RPHT
Nathaniel Murphy, late resident of
1795 N. Front St.. at Salem route 1.
Monday, June 7. Survived by a daugh
ter. Mrs. Susan McCreary of Portland;
a son. William M. Murphy of Salem;
nine grandchildren and three great
grandchildren. Announcement of serv
ices later by Clough-Barrtck company.
grandstAft :
Mrs. Mary Grandstafi. late resident
of Green City. Mo, at a local hospital
Saturday. June 5. at the age of 58
years. Survived hv hrnlh., w i
Black of Salem and three sisters. Mrs.
Maggie Chappel of Oklahoma. Mrs.
Clarista Cox of Oklahoma and Mrs.
Sadie Campbell of Denver. CoL An
nouncement of services later by the
Clough-Barrlck company.
ALLAIRE
fharle Allaire 1st rMisnl 1ji4
! land, at the age of 45. Brother of Mrs,
Nellie Brown of Portland. ; Funeral
services will be held Friday. June 11.
at 10 J0 a.m. at the W. T. Rigdon
chapel with concluding services in the
St. Barbara cemetery. Father A. J. Ge- '
linas will officiate.
)
p to 24 50
2150
20.00
to 15 00
to 9 00
p to 19 00
p to 17.50
to 22 00
to 25.00
23 00
28 00
"Oldat 40, 50,60?"
Han, You're Crazy
Ponrt worn TvumO r 9WT mt 7S. tr
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ruiwlawB taritng one mjtriy Is fcedr's arfk of lra
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rtry ear. New "CM acquaiaua ' aiaa
tor at all tint auraa o vtier.
TUESDAY'S BROADCASTS
(Davlight Savings Times)
Kilocycles: KSLM ISM. KOCO 14. KOIN 970. ROW 2. KEX 115
OUR
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KOIN KOIN Kloi k INews I Bob Garred IFred Beck
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KSLM Kate Smith ll.indlahr Sons Pioneers Bargain Counter
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KI.X Melody Go Rnd Easy Aces Breakast Breakfast
Martin Says He'll Take
Nomination if Offered
BOSTON. June 7.-;p-Speaker
Joseph W. Martin told Massachus
etts republican delegates he would
welcome for the presidential nom
ination if a deadlock develops at
the convention - - but that he
wasn't looking for first ballot sup
port. Martin, who is a member of the
35-vote Massachusetts delegation,
will preside as convention chairman.
ICE CHEAII
Quarts . 330
saving CEirrm
Salem A West Sales
KSLM Editor's Diary ISerenade Queen a Day Queen a Day
KOCO Cole Trio l ullaby IHawallan Echo My Serenade
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KOIN Mrs Burton iPnrty Mason Nora Drake Kvelv n Winters
KGW Dble . Nothing Dl!e.. Nothing Tod.i s Child Light of World
KEX Betty ( rocker Club Tune Bouquet Northwesters
HEALTH TO YOU
After Correcting
... TZ.
uemorrbolds
(Mies)
Fistula, Fissure,
Prolapse, and
other Rectal Disorders.
Km Hospitalization
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Natnro-Proctolofrist
218 N. Liberty SL, Salem. Ore.
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KGW Road of Life 'Lora Lawton Aunt Mary Nora Drake
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KGW Woman's Secret Life Beautiful Linda's lxve fStars of Today
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Personal A Ante Loans
Slale Finance Co.
153 S. High St, Uc S216-M22S
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Gab. Heatter INewsreel Veterans Adm. ii.ynn Murray
Minhit. Music IManhat Music Spot Light Muslc Maker
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Carroway Show Garroway Show Living 14S ILIvlng IMS
Sports I Kenny Baker Boston Pops IBoston Pops
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Or.T.TXasa.NJ, Dr.OJTkaavJJ.
DBS. CHAN . . . I LAM.
CHINESE HERBALISTS
241 Nerth'Uberty r
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i
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Phon 5355
Salem, Or.