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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (March 31, 1949)
lit- ' ! Stock Price Level Stable, Trading Rapid NEW YORK, Mar. 3WiP)-Near-ly 2,000,000 shares of stock sold in the exchange today but the price level barely budged. Advances had a good edge over losses but changes either way rang ed from fractions to only a point or so. In Tuesday's high-stepping mar ket, prices scored one of the sharp est average rises of the past year In the first response to news that margin requirements would be re duced to a 50 per cent cash basis from 75 per cent. The change was effective today. . Much of Ti day's buying was 5a Id to' fiftv been Inspired by the hope of another advance today. Despite churning business, quo tations see-sawed through the ses sion with a little more emphasis on the plus side than on the minus. Heavy short selling and profit tak ing, though, effectively spiked ris ing tendencies. The Associated Press average of 60 stocks inched up .1 of one point to 64.4, tops since February 4. More individual issues changed hand than on any day since De cember 29 last year. Of the 1.103 total, 645 advanced and 234 de clined. Sales amounted to 1,850,000, a bit more than yesterday's 1,800,000 and the largest since 2,100,000 on Nov. 10 when a post-election sell ing drive was smashing the market. Antarctica is almost as large as South America. 1 IVeifMed ail 1Ee on! Devil's Feed Mix cjeficcows as foome-tnaae is Dromedary "AND All THE MONY IT SAVES Mir writes Mrs. 1. 1. Un f 4M Petersen Av., Akwn, O. W kov hundred mt wntolicitod bttor Kkm r-wB'.i SSW thi. Wc'ra proud mnd grattful. Thank r R J New Kent Bill Allows States To Set Pace WASHINGTON. March 30 -OP) Here's what the new national rent bill does: 1. Continues rent ceilings for 15 months, to June 30, 1950. Z. Sets up a "home rule" process for decontrol of states, cities or other local arras. Individual state legislatures could remove controls throughout a state or in parts of a state. The governing body of a city or other community could pav.s a resolution calling for de control and, if the state governor approved it, then the federal gov ernment would oe forced to abol ish controls in that community. 3. Requires the house expediter to fix rents at a level to assure landlords a "fair net operating income ... as far as practicable." Senator Spakman (D-Ala) voiced the opinion the practical effect would be to continue practices about as they are. 4. Rstores old OPA powers for the rent expediter to control evic tions. This some congress mem bers said, would prevent any mass evictions by landlords. 5. Authorizes the rent expediter to sue a landlord for three times the amount of any charge made against a tenant above the legal rent ceiling. Congress decided this was a better enforcement method than fines and imprisonment. Ten ants have power now to sue for treble damages, but few use it. The lent administration says they fear eviction if they do. C. Authorizes the expediter to recontrol any areas he decontrols after March 31. Tighe Woods, the expediter, says this will enable ii i . , : ; i him to decontrol more than 100 of the 600 control areas, since he would have power to slap con trols back if rents jumped un reasonably. 7. The new act does not author ize further 15 per cent "volun tary' increases In rent, and re controls any dwellings decontrol led under such voluntary leases, at the rent figure contained in such leases. t. Trailer camps would be re controlled. The housing expediter is given discretion to decontrol so-called luxury, high-priced apartments. . Non-transient hotel apart ments ir New York and Chicago would be recontrolled. and the rents for such places frozen at the levfls of March 1. 1949. 10. Veterans priority for firt chance to rent or buy a new prop erty are continued. 1 f "r-4 - r t & . I J J IKT ADD WATB, ' D.om.d.'Y SwMtlwoit loal k.o.- Un, Mr,. Let. ' " COST. IMS THAN HOMf-M.XCO. DON! IN 1,1,1 AND NFVEK, NEVEI FA US As rfUcf hl tmmumi DCOMiOAlY GINGBtMEAO . . . that rkk and woiwJer- fl gingerbread md Umm Washing?' mother's mwn recipe. Attend Funeral of Mother at Chico GERVAIS Charles Keelor of Seattle accompanied his sister. Mrs. Bert Knowles, went to Chico, Calif., to attend the funeral of their mother, Mrs. Minnie Kee lor. Mr. and Mrs. Perry Seely and Mr. and Mrs. Lloyd Seely and family spent Sunday at the Charles Ginther home in Albany. Mrs. Perry Seely was honored with a birthday dinner by her daughter, Mrs. Ginther. Mr. and Mrs. Patrick Whitney are occupying their new home. Mr. and Mrs. . Studor and family moved into the Bitler property va cated by the Whitneys. Buyihj; Spurs Grain Upturn CHICAGO, Mar. 30-yP-A good demand for cash grain in the na tion's markets spurred an upturn in futures on the board of trade today. May contracts led the ad vance with May wheat ending 2 cents higher at its best price for the day. In addition to the demand for cash grain, the government raised its bid for both cash wheat and cash corn. However, traders said the bid for wheat was below the market price at Kansas City. They also said cash dealers are not in clined to sell corn to the CCC here. Wheat closed li to 2 cents high er, corn was lVi-l'i higher, oats were unchanged to 1 cent higher, rye was Vfe-l3 higher, soybeans were 14-14 higher and lard was 15 to 20 cents a hundred pounds higher. Keizer Scout Mothers Meet KEIZER Mrs. Gordon Gettis was hostess to a group of scout mothers at her home on Newberg drive Monday evening. Time was srjent embroiirin scout emblems to b usi on -n- ' tains for scout room in Commu nity church. Various phases of scout activity were discussed. A special all-day sewing meet ing and covered dish luncheon is planned for Thursday. April 7, with Mrs. Herman Rehfuss, to which all scout mothers are being invited. Mrs. Arthur Messing will enter- Benefit Program Jet 1 At R iL-tr Slinrkl FOUR CORNERS A benefit entertainment sponsored hy Rick ey Mother club will be given at the school house Friday, April 8, at 8 p.m. There will be a moving picture and various refreshments may be purchased, proceeds to be added to the school fund. Committees for the evening will be Mrs. G. H. Wing, Mrs. E. C. White, Mrs. Waldo Miller, Mrs. Jess Mcllnay, Mrs. C. A. Lossner, Mrs. Waldo Crabb, Mrs. George Bixler, Mrs. Roy Thayer, Mrs. Hardie Phillips. u , ,fj FROZEfTFOODS U j sfK LOOK FOR THE BRIGHT VELUM PACXAfiE f BABY CRIBS Natural Finish 6 yr. SLz $22.50 ,o $32.50 HIGH CHAIRS $11.75 $16.95 SPniNG FILLED I1ATT0ESS 4 TuftlMs Mattress 1X4 g QP Waterproof CoTr JiUiWD tv r.. .4 mm mm Kantwt Mattress BABY STROLLERS raiding Straller $6.95 gr $10.95 Stroller $12.95 Folding Training Chair With VesscL Nat Finish $4.95 1 We Give S&H Green ..Stamps Folding Nursery Seat $3.95 Teeter Babe $5.65 Scripture verse: Blessed are the pure in heart, fjr they shall see God. Matthew 5:8. Enjoy delicious Durkoo's As you UkQ It! REGULAR PACKAGE " i mm a it L I. ' A'S m Cclcr East psckegt O NUrf Jffli milk rl culror.s to 9v til . units of Vitamin poiirnl th yr to hold It 0 Bcono'- EVENT SATURDAY UNION HILL Grange social night will be Saturday night, April 2. Committee in charge of lunch and entertainment is Mr. tain the club at next regular meeting April 25. . and Mrs.- W. M. Tate and Mrs. Er nest Speed and Ronald Speed. Thm Stcttsman, Scdem. Orocoit, Thursday. March 31, 194 CAED PAKTT SET UNION HILL The Union Hill Home Extension unit will hold s card party at the Waldo Hills hall Friday night, April 1, to raise funds for the Azalea House fund at Corvallis. Both pinochle and 500 will be played. The general committee is Mrs. W. M. Tate, Mrs. Floyd Fox and Mrs. Byron Mc-Elhaney. On February 21 we started Job JVo. 20,000 George S.May Company OFFICII IN rilMCIPAl ClfllS 12Z9 State St mm Phon I 3-C453 FMCED "KASH & KADDY" - LESS CASH - HOPE CADDY S CM CMC8 Tender, lean, meaty. Eastern Ore- (f (P islSiSLl oon Hereford grain fed Branded ' IU 1 VL ama Quality. Arm cuts. Blade cuts. ... Ti BBflSTS Hump- " FRESHLY GROUND gf I FRESH COUNTRY nfl HAIIBUBGER . . Lb. JoC SAUSAGE . . . Lb. JSC SLICED BACON S)C T yjuvi These are cut from properly aged, tender, grain-fed Here ford. Treat the family lb. s LEIITEII SPECIALS FRESH SIIELT Fresh Fillets Red Snapper lb. 35c Northern Halibut steak lb. 39c Fresh Pacific Oysters pts. 69c TENDER SKINLESS A A T7IEHEBS .... Lb. J3C LE.AIN UCiXH IKK tU la IB" PORK BOAST . . Lb. !0C Locker 3EEFf Do not neglect your food locker. It always serves you money! We are prepared to fill it for you expertly and economically with Eastern Oregon grain fed Quality Branded Hereford beef lb. 3D 2 BASINGE in food mmn 1288 State The Home of Better Values e is n. is d& "sr Green Crisp (3 Fresh Crisp Radishes . bunches 10c Sweet Juicy Oranges .Each 1c IP(SDtott(B)0 U. S. No. 1 Bakers Finest Quality . ID lbs. Van Camps Bonita Flakes Tuna 25c Large A Farm Fresh Eggs .Desea- 45c New Low Price lbs. Hunts Large No. 2Vi Cans Tonalo Sance c. 5c Tonaloea 2 M 35c CORIIED BEEF Fray Rentes - 12-oz. cang, each 370 Scot 1000 Sheet KLEENEX . . . 2pltgs.35c TISSUE .... 2 Dolls IC: PEAS : 2 -.. 3 c. 250 BBBBBBBSSBBSBSBBBBBBBBBMBBBBBBSBBBBBSSSBBBBMBSBSBSSSSSSBaaBBBSBBBMB Uptons Pekoe SUIFT1IIIIG . . . 3 Ui. 79c TEA . . . V p!rg. 23s APRICOTS Vnal7 Halves No. 2j cans syrup 190 Get a FREE packagt of MUFFETS TNI 1IW, IMPItVID tlltHHl WMIaT BRING IN THIS CERTIFICATE! TVm c.rtifc. thai I hrm bM wnn I THM.. put ml UmMtm. mm NSW. IMPKOVEO rwW thnidti WhM. Kami , Stbbbt o F-F-D, . i, Prices effective Thurs. - Fri. - St. March 31 - April 1-2 err rr .Stt. OSr v4 Him m mnaSnH l W In w Um mmm. IWh 1 mm mmr Mtawr. TW OmH Cm. . CO Mr ruUr skrtf pricm lot Uttk I W TP- O ! Omt maem mmty m CmnnHl UmW m. O0mw Mi Mar 15. iMf J HOUSE CLEANING SALI