The Statesman, Salem, Oregon, Friday, July 18. 19523
Stock Prices
Drift Lower
Salem
Obituaries
formerly ELFSTROM'S, 340 Court St.
JN.Y. Exchange
Hours Altered
NEW YORK (JP) The New
NEW YORK (iT) Prices drifted
lowly lower Thursday in a lazy
stock market.
Losses ranged from fractions to
around a point. Volume was 1,010,
000 shares.
The Asociated Press average of
60 stocks dropped 30 cents at $107.
Industrials were down 70 cents
and rails lost 40 cents. Utilities
gained 20 cents.
The losses spread through every
category. Among the declines were
U. S. Steel, Bethlehem, Republic,
Chrysler, Goodyear, Boeing, Dow
Chemical, General Electric and
Southern Pacific.
The advances included Sears
Roebuck and American Power and
Light.
Wheat Price?
Advanced by
Active Buying
CHICAGO (A1) Wheat and soy
bean futures advanced around a
cent a bushel or more Thursday
under moderate buying.
Oats held fairly steady most of
the time, and moved upward a bit
at the close. Corn was weak.
Export reports, while not heavy,
had a bullish influence in wheat.
Also, traders believe, the bulk of
the wheat harvest movement is
over and receipts will decrease
from now on. This will lighten
hedge selling pressure.
Wheat closed 3i to 1 cent
higher than the previous finish,
corn was 1 cent lower to lk high
er, oats were up li& to a4, rye was
down 134 to 2t, sy beans were 3i
to I1 higher, and lard was 7
cents a hundred pounds lower to
2 cents higher.
Business
SAINT PAUL Sales of auto
motive starting and lighting stor
age batteries by Gould-Na ional
Batteries, Inc., for the month of
June, 1952, showed an increase of
47 over June of. last year, and
an increase of 30 over May,
1952, according to Albert H. Dag
gett, president of the company,
which has a branch at Salem, Ore.
PENNEY
Mrs. Annie F. Penney, late resident
of 432 Marion St., at a local hospital.
July IS Survived by husband, Wil
liam A. Penney. Salem. Services to be
held Friday. July 18. at 1:30 p.m. in
the Clough-barrick Chapel, the Rev.
J C. Wilson officiating. Concluding
services at Belcrest Memorial Park.
MELTON
Marguitte Louvice Melton, late res
ident of 2845 Hulsey Ave in this city.
July IS. Survived by husband. Arils
Mel'on. Salem, daughter. Maxine
Thompson, Salem; son. Marvin O.
Thompson, Salem; sister, Mrs. Irene
Daly. San Jose. Calif.: brothers. C. M.
Keeland. Bell Garden. Calif., and
Henry Keeland. Denton Tex. Services
to be held in the Virgil T. Golden
Chapel Friday. July 18. at 3 p.m.. in
terment in Belcrest Memorial Park,
the Rev. W. S. Frederick officiating.
SMILEY
Joseph W. Smiley. July 16 at a Port
land hospital. Survived by wife. Mrs.
Marie Smiley, Rickreall: daughters.
Miss Joan Marie Smiley and Miss San
dra Ruth Smiley, Rickreall; father.
Charles D.. Independence: brothers.
Frank Buron Smiley. Corvallis and
Clifford D. of Portland: two aunts in
this vicinity. Mrs. Carrie Smiley of
Independence and Mrs. Mattie Roberts
of Salem. Services to be Saturday. July
19 at 1:30 p.m. at Christian Church in
Monmouth. Rev. Roy Campbell offici
ating. Interment in Belcrest Memorial
Park under direction of Clough-Bar-rick
Co.
HUNT
Warren J. Hunt, formerly of Salem,
in Los Angeles, Calif . July 17. An
nouncements later by W. T. Rigdon Co.
GAIXAHER
FJoise Alice Gallaher in this city
July 17 at age 42. Wife of Leonard C.
Gallaher of Salem; sister of G. E.
Smith, Bremerton. Wash., Mac D.
Smith. Eugene. Leo Smith of Ryder
wood. Wash, and Miss Ethel Smith of
Seattle. Wash. Services will be held
Saturday. July 19 at 1:30 p.m. in W. T.
Rigdon Chapel. Interment at Belcrest
Memorial Park.
GRANT
Ward L. Grant, late resident 892 N.
Winter St.. at locll hospital July 16
at age 76. Survived bv daughters, Mrs.
Virginia Wall. High Point. N.C.. Mrs.
Evelvn Kimball. Mesa. Ariz.,
Lorna McCall of Oregon City.
Vivian Hainbolt of Logsden. Ore
vnnlh firant. Seattle. Wash.:
grandchildren. Announcements later by
Howell-Edwards Co.
Mrs.
Mrs.
son.
nine
Admiral Savs U. S.
Jets on Upswing
TOKYO 7P)-Adm. William M.
Fechteler. Navy "hici of opera
tions, said Thursday the U.S. Navy
has two or three carrier jets in
prfucti which ar equal to or
better than the Russian-huilt
MIG-15.
Fechteler sad he expected the
Navy air striking arm to be all
jet soon.
York Stock Exchange Thursday
broke with 19th century busines
tradition by extending the hours
of stock market trading and ad
opting a five-day week.
The board of governors voted to
keep the exchange open from 10
a.m. to 3:30 pjn. New York time
Monday through Friday, 30 min
utes longer than customary, and to
remain closed on Saturdays
throughout the year.
The new hours will be effective
Monday, Sept. 29.
Grain Exports
At Record High
Export grain shipments from
Portland and Astoria set a record
high of 46 million bushels during
the year ended June 30, the Ore
gon Agricultufe Department said
Thursday.
The total was 15 million bush
els greater than during the pre
vious fiscal year.
Much of the grain came from
Montana, Utah and Idaho.
Of the total, six million bushels
were shipped from Astoria.
Bridge Offer
May Be Taken
THE DALLES (P)-Wasco Coun
ty may have to settle for the $1,
994,600 being offered by the feder
al government for the bridge site
taken over by the government.
County Judge Ward Webber said
he did not consider the offer high
enough, but it may have to be
accepted.
The county was halfway through
construction of the bridge when
the government took over the site
for The Dalles dam. Now the coun
ty plans to put up the bridge at a
site downstream from the dam.
FOR GUARANTEED
WATCH REPAIR
THE JEWEL BOX
443 STATE
M M IP'S - I!
FOR THREE DAYS ONLY
THURSDAY, FRIDAY AND SATURDAY!
DELA
YEB
SHIPMENT
NATIONALLY FAMOUS BRAND
100
PURE
WOOL
WITH NEW "SNUG-TEX" WAIST BAND
O TWEEDS
O GABARDINES
O COVERTS
O FLANNELS
O SHARKSKINS
O WORSTEDS
All Colors-All
Sizes
VALUES TO $18.95
WE HAD PLANNED TO HAVE THIS SHIPMENt OF NATION
ALLY FAMOUS 100 PURE WOOL SLACKS IN OUR STOCK A
MONTH AGO ... BUT BECAUSE THEY WERE SO LATE IN AR
RIVING WE ARE FORCED TO SACRIFICE THEM AT THIS LOW
PRICE. THEY WON'T BE HERE LONG SO COME IN NOWI
145 NO. LIBERTY
PH. 3-4933
fi
i i
I)
) CD
mm.
Ihipsiiiiisdm Sail IFeaftiTOsS
REG. 49.50 EACH! 624 COIL COMBINATION
r n n
km mi: svmm bv kicwisu
It
NO DOWN
PAYMENT ON OUR
APPROVED CREDIT
Enjoy blissful, luxurious sleep at a low, low price! Extra
firm mattress filled with 312 coil springs buried deep in
layers of top-quality cotton filling to cradle and relax your
body; plus 11'2 lbs. of sisal insulation. You get a strong
fancy Damask ticking, metal handles for easy turning,
built-in ventilators to keep it fresh and sweet. Matching
boxspring is filled with 312 firm-tied coil sprngs. Aval
able in twin and full size . . . the entire set carries a 10
year uncondtional guarantee.
FURNITURE SECOND FLOOR
Tfc
St' I
Yes . . . it's
easy to charge at Roberts.
Open a charge account at
Roberts today . . receive handy
"Credit Plate" and charge in
either store.
v. ff''
WE GIVE
AND REDEEM
S&H GREEN STAMPS
HMD PotdA ff UoSo fadle AA iEEIF Qwm
with sUdds
kfaBZ Firezir
v , s
16.8 cu. ft. Size
NO DOWN PAYMENT . . .
21.90 A MONTH, 24 MONTHS
ON OUR APPROVED CREDIT
Roomy, convenient and designed especially for large fam
ilies! This 16.8 cu. ft. freezer has storage capacity for up to
584 lbs. of frozen food ... a 2.2 fast freezing compartment
that permits you to store and save on seasonable food. White
bakedon enamel finish . . . interior flood light . . . counter
balanced lid that opens with finger-tip ease and has a built-
in look. Yours at this special low price . . . plus 100 lbs. of
choice U. S. Beef. Buy . . . Save . . . Today!
APPLIANCES DOWNSTAIRS
.11.
iioj;:::::::::M---;iii:::::i.:rei--