Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Feb. 14, 1952)
The Statesman. Scdwa, Oroaon, Thursday, February 1. 1952 Stock Market Slides Again fEW YORK (3P) A deep dip Wednesday carried the stock mar last down to a new low for the turrent twe-week decline. The all d e was accomplished without Odcklnf up any sellinf pressure alone the way, but at the cleoe the market was around the lowest -point of the session. Oils end chemicals were among the more active leaders and were la the ranks of the hardest hit. SAVE Where Savings Pays Mn'i. FIRST FEDERAL SAVINGS and LOAN ASSOCIATION Current Rat 119 N. Commercial Salem Motors were Just about the best acting major division. The Associated Press average of 60 stocks lost 50 cents Wednesday at $89.80 with the Indusrial com ponent off $1X0, rails SO ceats, and utilities 10 cents. Business amounted to- 1,300,000 shares. Salem Market Quotations (As of tats vestarvl BUTTIWAI Premium t t - No. 1 No. 2 37 35 .70 MS 30 iuTTKB Wholesale Retail (ha (Bay Ins) (Wholesale prices reuse from to 7 cent ve barta Btlco t Large AA , - Large A 3S Medium AA ', , , , 37 Medium . 35 Small , JO POl 1 TRY leghorn hens -Colored hens -Colored fryer Met . nttn Roasters J8 34 30 J4 J30 UVUlUCa aekias. Caaasu i Fat Dairy Cutter Heifers Bulla Veal Calves Fat i-amba Feeders. 17 JO to 18.50 15.00 to 17.00 M OO to 22.00 teat to aa oo 30.00 to 34.00 14 .00 to 30.00 MM to 2730 2s.es to S6.oo Irritation of Externally Caused To contly cleaase brakoa eat skin, theneooth Itehy irritation, and so aid hssiint m time tasted iiiisiyioiis Grain Prices Edge Higher CHICAGO (JP) Grains worked higher on the Board of Trade Wed nesday without stirring up any great buying enthusiasm. Feed grains displayed the most strength. Main reason for the advance, some brokers thought, was dry ing up in the liquidation which was so prominent last week. In any case, in the two sessions this week the market has held above the lows on the decline which got un derway early in December. Wheat closed lower to higher, corn Vt-1 higher, oats -M higher, rye higher, soy beans unchanged to 14 higher, and lard 2 to 18 cents a hundred pounds higher. Seven File for Precinct Posts rive Republicans and two Dem ocrats filed their declarations of candidacy for precinct .committee posts, with Marion County clerk. The Republicans were Chester G. Zumwalt, 45 Hood SU pre cinct 8; Nettie M. Spatdding, 1726 Court St., precinct 2; Phil Aspin wall, 1185 N. 18th St., precinct 25; Helen Demarest, 721 Stewart St., precinct 22, and Harry V. Collins, 590 N. 14th St, precinct 27. For the Democratic party were W. O. and Inna C. Lindquist, both of Aurora Route 2, Box 211, for Butte villa precinct 90). New York Slock QcclrMcas NEW YORK Ad Corp Al Chem (JP) Wednesday's closing quotations: Al Chalmers Am Airlines Am Pow St Lt Am Tel Sc Tel Am Tobacco Anaconda Atchjson Beth Steel Boe Airplane Borg Warner Bur Add M Calif Packing Can Pacific Caterpillar Celanese Chrysler Con Edison Cons Vultee Crown Zellerback Curt Wright Doug Aircraft Dupont .". Eastman Kodak Emer Radio Gen Electric . 27 . 72 . S1H . 14 . 24 .156 . 61 Vi . SIV . 77 . 50 . 47 64 . 17 . 25 . 34 . 49 . 46 ! 33 . 18 56 9 58 86 45 14 57j Motors Goodyear Tire 44 Homestake 35 Int Harvester 34 Int Paper 49 Johns Man 64 iKennecott 86 Gen Gen Foods 43 51 Libby McN & L Lockh Aire Loews Inc Long Bell 8 21 16 4L 63 19 19 Montg Ward Nash Kelv . NY Central North Pac 62 Pac Am Fish Pac Gas & Elec 35 Pac Tel & Tel ....109 Packard Penney Penn RR .. Pepsi Cola Phil co Rad Corp Raynonier . Ray Pfd 4 71 . 18 9 28 25 63 Repub Stl Rey Metals Richfield Safeway Sears Roebuck Soc Vac South Pac Std Oil Cal Std Oil NJ Studebaker Sunsh Mn Swift and Co Transamerica Twent C Fox Un Oil Cal U Pac Un Airlines . Un Aircraft Un Corp US Plywood .. US Steel Warn Bros .... West Un Tel .. West Air Br West FJic Woolworth . 42 . 65 . 55 . 31 . 54 . 38 . 63 . 51 . 79 . 33' . 10 . 33 . 22 . 18 . 38 .112 . 30 - 30 - 5 . 32 . 39 . 14 . 44 . 26 36 . 43 Cortlunf) livestock PORTLAND AP- Wednesday-Cattle salable 100; market active: strong; cows around 50c higher; some sales 1.80 higher; for week to date odd head utility and commercial steers 2530 30.25; few utility dairy-type heifers 22.00-24 00: beef heifers to 27.00; can aer and cutter cows mostly 1S.50-1S.SO; odd head to 19.00; shells down to 15.00 and below: few utiHty dairy-type cows 20.00-20 50: Jdd beef cows up to 23.00; utility and low commercial bulla 25 .50 29.00. Calve aalabie 33; market active, steady; lew choice vaalers 35.00-37.00; commercial and food grades 27.00-33.00; utility grades 20.00-26.00 Hogs salable 290; holdover 243; mar ket steady ts 25c lower; fairly active at decline: choice 180-235 R butchers KJO-mostly 20.00; few choice No. 2 .'fx.-.- ::Mtr..' if '' . t , t -v-;-:.--t!. 1 JT". .ri..f:-y-.;--. a- : f ' ' '3 Sk 77 it " i PortlancJ Prudnca POKTLAITD (AP) - Wedaeaday- BiU terfAt tentative, subject to immediate change: Premium quality, maximum to .33 to 1 per cent acidity delivered tn Portland. M-s7c lb; first auaUty. IX-85c- second quality. ftO-Uc. Valley routes and country points 2e less. Butter Wholesale T.O B, bulk cubes to wholesalers: Grade AA. S3 .score, BOc lb; 92 score, 79c; B. 90 score. 19c, 89 score, 77c Above prices strictly nominal. Cheete Selling price to Portland wholesalers: Oregon singles. 45-47 ViC lb: Oregon S-lb loaf. 49i.a-52ic. EKgs-to wholesalers): Candied eggs containing no loss, cases Included F.O. B Portland : A large, 44i - 5ic. A medium. 44 Vi: B grade large. 40-41',- Eggs-(to retailers) grade AA large, 51 -52c: A large 4S-49e;AA medium 48 49c: A medium 45-4 8c; cartons 3c ad ditional. Live chlckens-(No. 1 quality. F O B. plants; fryers. 2Vx-3 lbs. 32-33c; 3-4 lbs. 32 -33c; roasters. 4 lbs and over. 29-30c; light hens, an weights, 19-2c; heavy bens, all weights. 23-24C old roosters, all weights. 13-15c. Rabbits Average to growers: Live white. 4-S lbs. 24-26c lb; Ute, 20-4c; old does. 10-12c; few hlfher; fresh dressed fryers to retailers. 59-3e, some higher rresh dressed mtsts (wholesalers te retailers: deJlars per cwt): Beef: Steers, choice, 3O0-70C lbs, SS5.0O-5S.10; good. $54 0O-MJ0; commer cial. SS0.70S1J0; utility, M7JO-4B.10; cows, commercial. HiJD0-49M; utility. $43 0O-47.00; canners cutters. 140.00 43.50. Beeg cuts (choice steers): Hind quar ters (S3 SO-44.00; rounds, Wl J0O-63A9; full loins, trimmed. 181. 00-84.00; trian gles. S48.S0-49.20: forequarters. $52.10 50: chucks. 155.70-57.10; ribs. S65JX) 70.10. Veal: Good-choice, 5 00-58.40; com mercial. $50.00-61.40. Calves: AU weights, good-choice, $55 00-53.40: commercial. $48.00-51.40. Pork cuts: Loins. No. 1. 8-12 lbs. $43 00 - 49.00: shoulders. 18 lbs. down, $33.00-38.00; spareribe. $44J-43.0; fresh hams. 19-14 Tbs, $49)0-53 00. M Lembe: Choice-prime, a-M CM. M-0 M60; good. $54.00-eiJQ.a4uUoi-.; Good , choice $330-80. js t, Wool: Willamette Taller, i'saaatlx nominal, gjreeae Kf Mohair: SOe lb on U-motrtB txawtt, r.OA country shlppias; points Caaatry-kffled meats: i: Mutton: Best, ewes and wethers, ff 2c lb; rought heavy bucks, ewes, lata Veal: Top quality. UJe Jbi 37.5c and above. Beef: Utility cows. 9-42e Zb; uiii cuiiers as euc. Hogs: La blockers, rT-2$e lb; aows. light. 20-22C. c ' Lambs: Top grade. S3-B4e lb; other BTadea according to quality. , -t. Onions: so lb sacks. Ore. rsPowe. large $3.75-4.60; med. S3JO-75. some t2 $4 00; 10 lb med. 6O-70c; boilers 0-40e. Seta. Ore. yellow, 50 lbs. $8.00-2. Hay: U. S. No. 1 green alfalfa deliv ered car and truck lots. TX3Jt. Port land $49.50-50.00 ton; No. 1 timothy mixed hay. r.03. Portlands baled S47.OO-48.00. type down to 19.00; scattered lota choice miuKii m&wv ids is.uu-isa; choice 00-520 ib sows 155-18.00; one , 20 lb sow 15.00; few sows 375 lbs down i 17J)0-17.50; feeder pigs scarce; good ' and choice salable around 17.00. I Sheep aalabie 200; market moder- ' etely active, about steady conaidering ; quality; few loU good and choice 88- rmi it laoro ana wooiea tamos Z7.00- i 270; choice lots quotable to 28.00 or ! above- Arid ?ww4 ISO IH v.,.lin.a n mi. ewes lacking: good and choice ewes Tuesday 13.00-13.50. t'ortlaud Grain PORTLAND (AP) -Wednesday -Coarse Sains, IS day shipment, bulk, coast livery: Barley No. 2 43 lb B.W. 71.50. Wheat (bid) to arrive market, basis No. 1 bulk, delivered coast: Soft white 2.49; soft white (excluding Rex) 2.49; white club 2.49. Hard red winter: Ordinary 2 32: 10 per cent 2.52, 11 per cent 2.53: 12 per cent 2J3. Hard white Baart: Ordinary 2 JO: 19 per cent 2.50; 11 per cent 230; 12 per cent 230 Today's car receiots: Wheat 127: bar ley 3; flour 13; corn 14; oata 2; mill Stocks and Bonds STOCK Compiled by The Associated Press. Feb. 13 AVERAGES 30 15 In dust Rails Net change D1.0 D 8 Wednesday 135 J 69 7 day 13J 703 Week ago 137.2 69.4 Month a so 13S.1 Year ag? 128.8 89.0 70.8 13 in its D.l 32.2 523 51.9 51 8 47.8 80 Stks D.S 99.8 100.6 1003 1003 963 BOND AVERAGES aw e a IV XV tm iasj iuuui Net chAf Unch D.l i a. . m j. Prev. day 94.6 Week ago 943 Month ago 93.1 Year ago - 99.1 99.1 oa 3 1003 1013 10 10 Utils Fran Unch A3 992 753 993 75.6 993 753 983 75.4 1033 733 o mm M9 J fell. 15, 1952 9 'nil 12 p.m. OLD TRIE AIID IIODERII DAIICIIIG POP EDWARDS' ORCHESTRA URS WOLFER'S ORCHESTRA The miracle of telephone communication came to vivid life for Ann on her introductory tour of a busy telephone office. Ann White-and the Spirit of Service Ann White could be the girl next door. ..or any of the thousands of capable young women who decide each year to make their first job a telephone job. Her first day was exciting, and a bit bewildering, as she began her training as an operator. But soon she gained confidence, learned to meet many situations with poise and aldlL She began to feel the importance of getting every call through . . . the "spirit of service' shared by telephone people everywhere... the feeling which is perhaps the most important ingredient of good telephone service. 4i One unforgettable day during her training, Ann's super risor helped her put through an urgent call from an anxious wife to her husband away on a trip in the logging country. She noted how patiently and carefully the supervisor traced him from camp to camp. And Ann never forgot the calm, reassuring way in which she completed the calL Your telophono is ono of today's best, bargains f 6 You can seldom put a price tag on a telephone call. ..for it may save a life, close a busine&s deal or it may bo just routine. But if 8 good to know that, even in these days of high prices on most thingsyour telephone serv ice remains one of today's best bargains. i 1 i It's Loaded -So Bo Careful 1 Ann's own chance came a few weeks later when a fright ened little voice on her line cried, "I'm lost. Could you find my Daddy for me?" Ann did, of course. Such things happen often in the telephone business. And it's gratifying how often we hear good reports about such extra services on the part of oar operators, our installers and others who meet our customers directly. We like to hear them. For they tell us that you recognize the "spirit of service"... so much a part of day-to-day telephone work. ..so important in making your telephone ever mora valuable to yon. Pacifi&Telaphone Before you drive the Golden Anniversary Cadillac, there is one thing we should like to impress upon youi It's loaded so be careful! There's more power in that dynamic engine than you'll ever need except for the rarest emergerlcy. And it should never, never be used for dramatic display on the get-away. If somebody else wants the honors when the light turns green let 'em go. You don't have to prove anything, anyway. But that great power works for you even when you're not unleashing it to the limit. It works for you as a reserve and gives you that easy, quiet, flowing ride which makes a Cadillac such a joy to own and such a thrill to drive . . . It gives you that slow-moving engine that simply lomfs at all legal speeds and which is a literal Methuselah when it comes to long life ... THE GOLDEN ANNIVERSARY And it is a primary reason for that unbelievably low upkeep expense, at which Cadillac owners never cease to marvel. Some fleet owners have found, for instance, that Cadillacs cost less to operate and maintain than any other cars they have ever used. And the easy-going engine, that never operates under strain, is a big factor in this economy. Yes Cadillac's great power works for you and is necessary and is one of the vital reasons why Cadillac's performance is so outstandingly different. But we trust that no Cadillac owner will ever use it for dominating the highway. To do so is not only counter to the rules of safety but it is not in keeping with the graciousness the motoring publio has come to expect from the person who sits at the wheel of a Cadillac. Have you seen this great Golden Anniversary creation? If not, we should be pleased to welcome you to our showrooms at any time. DOUGLAS McKAY CHEVROLET CO. Ji . I t 5 510 North Commercial Street Phone 1-3173