Business News ":. . . .
Babson Reports:
Economic
Increasing in Dixie
' Br ROGER BABSON
(Cspyrlght-ISSS Publishers Financial Burrs, lneerporatrg) .
RICHMOND, Va Southern agriculture has come a long way
line the days when Dixie was largely a two-crop country. Besides
cotton and tobacco, she now raises a wide variety of valuable farm
products, the sale of which greatly enhances the nation's total farm
Income,
THE OLD RELIABLES
The bulk of the domestic cotton crop is grown in the South."
It 7v 'ii- I ,pnn- were 11 not Ior th government Joan, this
I if , lability of southern farmers to get more out of less
:' ill U,A,,l4 HIMlll kaiinil u.itU . I I 1 ' .
t ?y a "u"' wicon uavuv wuii wuiuin puces una acasun.
f , J 1 I However, with prices supported at a good average
J- 1 level, the white staple wjll add materially to Dixie's
i i " I farm income during 1935-1936.
1 Tobacco has long been a major crop in the
, 1 South. Millions of Americans smoke, and now with
tmmmmmmm n increase. A
Keger w. iihM nancy from smoking appears to have subsided, this
year's above-average U.S. tobacco crop should have no difficulty
moving into consuming channels at a fair price. Incidentally, I am
tnld that increased use of filter-tip cigarettes should sharply boost
demand for lower-grade tobacco. However, I am not an expert
on smoking problems!
SUGAR, SWEET POTATOES. AND RICE
A sizeable amount of sugar cane is grown in the South, princi
pally in Louisiana and Florida. This year's indicated crop of 7,056,000
tons is well above average, but is by no means excessive. The sweet
potato crop also is mostly southern-grown. The 1955 estimated U.S.
crop of 36.100,000 bushels is 21 per cent above the short crop of last
year, but is 23 per cent below the 1944-53 average. I forecast a good
demand at satisfactory prices. ' i
Rice is a fairly important crop in Arkansas, Louisiana, Mississippi,
snd Texas. Although the 1955 crop is well above the 10-year average
It will by no means prove burdensome, since the outlook for U.S.
consumption and exports is excellent. Prices, in fact, are likely to
average somewhat higher over the longer term.
GOLDEN HARVEST
Your morning glass of orange juice or grapefruit juice probably
originates in Florida. Texas, or Arizona. Pending a sudden freeze,
I expect an early and mid-season orange crop for 1955-56 of around
67.000.000 boxes-Mown about 3 per cent from. the year-earlier outturn.
Florida's Valencia crop should be in the vicinity of 39,000.000 boxes
up 7 per cent from a year ago. Arizona and Texas should produce
an additional 1.000.000 boxes. Florida tangerines should be around
4 600,000 boxes down 10 per cent from last year. A good total outturn
of grapefruit is indicated in Florida, Texas, and Arizona; but at a
wickedly low price.
The processing end of the
rap'dly. Demand for canned and
doubtedly will be heavy a fact favorable to prices of fresh fruit.
I forecast further growth for the processing division of the South's
citrus business, but I urge that quality be maintained at a high
level.
OTHER MISCELLANEOUS PRODUCTS
The South is a major producer of fruits and vegetables for
winter consumption. Given favorable weather, the outlook for the
season ahead is good. I must also mention peanuts, pecans, and
tung nuts, which contribute to southern prosperity. The pecan crop
this year is short, but the peanut crop is close to average. The
South's teeming forests are a major source of raw materials for the
naval stores, the lumber, and the booming paper and pulp industries.
I expect a continued good demand for these products, allowing for
the usual seasonal variations.
Although Dixie is not without its agricultural problems-particu-larly
cotton research, know-how. and patience should solve most of
them over the longer term. The progress already made augurs
well for the future. The South has also made great strides on the
Industrial front. A strong agriculture, plus booming factories, will be
combination hard to beat.
Oregon Phone
Utilities Show
Marked Gain
Telephone utilities in Oregon
served as of Dec. 31, 1954, sp
proximaely 536,586 stations
through 223 exchanges, the State
Utilities Commission reported
Friday.
The report covered the 1854
operations of the telephone ac
tivities under the commission.
The Pacific Telephone k Tele
graph Company reported 435.238
stations, a gain of 24,830 stations
for the year. West Coast Tele
phone Company in its 141 ex
changes reported a gain of 3,933
company-owned stations.
System operating revenues
were $644,940,063, an increase
of $54,283,498. System operating
expenses increased $40,045,194 or
7.57 per cent, resulting in net
operating income of $14,239,303
or 20.68 per cent over 1953.
Nonoperating income increased
$7,295.60. Taxes aplicable to the
State of Oregon were $11,786,314,
compared with $9,763,754 in 1954.
DAILY CROSSWORD
ACROSS ,
1. Unit of
weight I
(Indie)
B. Large
quantity
I. Warning;
If nal
10. 8cred
pictures
(Cr.Ch.)
12. A pungent
vegetable
13. Pry
14. Born
15. Employ
16. Smallest
2. Kind of bay
window
S. A sign of
the zodiac
4. Girl'a nam
8. Young mlta
(colloq.)
I. A kin
disorder
7. Sault St.
Marie (local
name)
I. One who
snorts
9. A melody
for a lyric
poem
tat (abbr.) 11. Talk
17. Exhibition (dang) ,
room IS. Swiaa
20. Devoured
canton
21. River (Asia)
22. A brother
of Cain
(Bib.)
21. Booth
2. Smella
27. Injure
26. Strang
29. Epoch
30. Locks
14. Jewish t
month
85. Recline
it. Hewitur
tool
17. Quick
3.Zt
41. Breath
noisily
I In sleep
41 Parts of
PIP P -
n 7y i ii F
2Z .
- -r XT
v,rr I w 1 1 m
41 Resorts
44. Inland sta
(Asia)
DOWN
LAskln
liaordtt
Advance
. this year s indicated total U.S. outturn is surprising
ly large in view of the sharp cut In plantings last
I women unfortunately smoking, the number is bound
the srnrA nvr nneeihl limit fmnlia.
citrus industry has forged ahead
frozen products this season un
Brock Member
Of Tire Institute
WASHINGTON H a r 1 a n d
Brock, president of Master Serv
ice Stations, Inc., Salem, Ore.,
has been elected to membership
in the Tire Retreading Institute,
it was announced by the national
headquarters of the Institute
here, entitling Master Service
Stations to display the symbol of
a T.R.I, and eertifing that its
shops are properly equipped and
its personnel trained.
Company Adds
Foreign Outlets
Clary Corporation has added
six countries in Asia, Africa,
Europe and the South Pacific
to its world sales organization,
Jay Merrill, manager of the busi
ness machine company's Salem
branch, said Thursday. Tbey are
India, Belgian Congo, Hong
Kong, Finland, Denmark and
Australia, giving the company
representation in 56 foreign
countries.
18. Fluff
from
blankets
M. Old
tlmea
tar-
Chile)
20. Finnish
seaport
22. 8umi up
k I El A I g I E jjp Ifc I a! o E
M A t
ij. oiieeor. u-ia
24. Close teeter-' Aaewee
fitting- hat $1. An antelope
25. ConsteL
of 8lbria
Ittlon
28. Poem
28. Coin
(Swed.)
30. The rise
and fall
of oceans
82. Surpass
S3. Observes
35. Coin (It J
18. Small
cxploeioa.
' It. Retort
40. Equal
SPS Orders
500 Box Cars
PORTLAND J. C, Moore,
vice president, Spokane, Portland
and Seattle Railway Company,
has announced the firm has
placed a $4,600,000 order for 500
double-door box cars, 80 ton ca
pacity with the Great Northern
Railway Company. Delivery is
expected the latter, part of 1958.
IBM HAS NEW SCHOOL
NEW YORK International
Business Machines Corporation
has announced that it will open
a new school in San Jose, Calif.,
for training customer engineers,
members of the company's, serv
ice force responsible for the in
stallation and maintenance of
IBM equipment.
Investment Trusts
(ZI1R. Smlther & Co.. Int.)
Bid
Affiliated Fund sal
Aaked
44
1903
2
17 15
1201
10S
195
II S
14 SI
4 as
JO 51
Canadian Fund 17 M
Century Shares Trust .. 2 14
Chemical Fund .19 W
Delaware Tund ..... 10.87
Dlvtr. Invest. Fund S.3S
Dividend Shares I 70
Eastern Si H. Bal Fund Jill
Caa Ind DSS
Group Tobacco .. 4M
Incorp. Investors . 11.17
Key. Cust. Funds!
B-3 - 1S.4S
B-4 ,. U3i
K-1 1S74
S-J 1211
S-4 .
Man. Bond Fund - I.ZS
Mass. Invest. Trust S3 4
Natl. Bee. Series
Income Series . tAt
Stock Series SSI
Pref. Stock Series .... 40
Natl. Dlv. Series SIS
Jl.SS
1125
21.54
IV 11
1047
07
SB.1S
7. 0
.6S
1017
5.8S
Tel -Etec. Fund 1154
Value Line Inc.. Fund .... S.37
12 58
IN
Wellington Fund M .52
as.so
Stocks and Bonds
Compiled y The Associate Press
Dee. 22
BOND AVERAGES
20 10
IS
10
rgn
Dl
S4.S
Rails Indust ITU1
Net change ...Unch Dl A t
Prev. dav 96. B MS
Week ago 87.1 S7.1
Ml
Ml
Ml
SB 8
100.1
90
1009
9S.S
SSI
Month aio ..... 7 I ti t
Year ago HI US. 7
85 1
84 7
Ml
SS5 High S9.S MS
D55 Low ..... 95 1 9f t
S4 0
1954 High -..1000 100 4
85.1
SOS
1954 Low 94.2 97.4
STOCK AVMAGES
30
Indust
Net change A 3
IS
Ralla
Dl
1379
137 1
135 7
1381
122.1
142 4
1141
113 0
-77
H3 SO
lJti! StkS
Unch A.l
Thursday 258.4
723 179 8
Prev. day
Week ago
Month ago
258 1
71 5
721
734
87 .5
757
87.1
SS3
56 4
1795
17SI
180 .1
1534
181 5
148 S
1551
10S8
..253 1
.255 3
Year ago 208 3
1955 High ...J57 4
1955 Low 203.1
1954 High , 211 I
1954 Low -r. 143
Salem
Obituaries
Leslie 1. Briggs
Former resident of 1250 N. Win
ter St., in the city Tuesday. Decem
ber 20th, at the age of 70 yeara.
Survived by wife, Eva Marie Briggs
of Salem; two sons, Leslie 1. Brlgga
of Denver, Colo., Lawrence R. Briggs
of Whlttler. Calif.; sister, Mrs. J. R.
Kanan t( Galesburg, 111.; two grand
children. MembeV of the Free Metho
dist Church of Salem. Services will
be Friday, December 33rd, at 1.00
p.m. In- Chapel of Howell-Edward
Funeral Home. Rev. M. C. Miller of
ficiating Interment In Belcreit Me
morial park.
Samuel Chamberlain Dixon
At Dallas Tuesday, December iqth,
at age of 92 years. SuMvtd by
daughter, Sophia Vincent, Dallas.
Services Friday, Derember llrd. at
11:00 am. In Chapel of Howell-Ed
ward Funeral Home. Interment in
Mt. Union Cemetery in Corvallis.
Mrs. Illta Ellen Kelt
Lata resident of 1091 Elm St.. W.
Salem. Pissed away Monday, De
cember 19, at a local hoapltal. Sur
vived by daughters, Margret Anne
Knox of Seattle. Wash.. Etta Pearl
Johnson of Tacoma, Ivah Waneta
Huff, Monteaano, Wash., Velma Mae
Toycen, Eugene, Ore.; sons. Joseph
Lee Kelso. Plalnsfleld, New Jersey.
Truman Edger Kelso Jr. of St. Louis,
Mo,, Hsden Elmer Kelso of nose
berg and Richard Glea Kelso of Tyn-
dall. A. t. B. Florida, and George
W. Kelso, Salem. Nephew, William
White. Great Falls. Mont.. 17 grand
children including Billy Glea Kelso
of Salem, 13 great-granacniiaren.
Services from Ciough-Barrick Mor
tuary, Friday, December 13. at 1:30
p.m. interment saiem rioneer cem
etery. Mary Carina Klnkali
Former resident of S53S River
Bend Rd., Tuesday, December 10th.
at the age of 42 yeara. Survived by
husband, Leonard Kinkaid of Salem;
two sons, James and Charles Kin
kaid, both of Salem: two daughters,
Misa Sharon and Mlaa Joyce Kin
kaid. both of Salem: brother, Paul
Rorick of Marysville, Wash.: sister,
Mrs. Jim Krltier, Riverside. Conn.
Member of First Christian Church.
Servicea Friday, December 13rd, at
1:30 p.m. In Chapel of Howell-Ed-warda
Funeral Home. Rev. Wayne
Greene officiating. Interment City
View Cemetery.
ditk McDensiort
Lata resident of 1277 N. Liberty
St., in a local hospital Wednesday,
Dec. list, at age of 49 years. Sur
vived by on son, Stephen L. Mr
Dermott, U S A F., Manchester, N. H :
five aisters, Mrs. Alma Tanner, Sa
lem; Mrs. Joy Morrison. Portland;
Mra. Agnea Free, Seattle, Wash.:
Mrs. Florence Young, Mine, H. Da
kota; Mrs. Clara Schroeder. Chicago,
III.; four brothers, Lylc Miller, Sa
lem; Henry Miller, Modeato. Calif.;
Ed Miller of Hever, Mont.; Roy
Millar, Froyd Mont. Announcement
of services later by Howell-Edwards
Funeral Chapel.
Willtaaa T. Mnrphy
Lata resident of Rout S, Salam at
a local hospital December 20th. Sur
vived by 1 sisters. Mrs. Lola Blgelow
of Salem, Mra. Beulah Caasldy of
Waldport, Ore.; 1 step-sons, George
M. Murphy of Riverside. Calif., and
Lawrence Murphy of Mar Island,
Calif.: niece, Mrs. La Vaughn Smith
of Salem; nephew, Ross Caaaidy of
Newport Oregon. Funeral services
will be held Friday. December 13rd
St 1 Dm. at the Virgil T. Golden
Chapel, Rev. Louis Whit officiat
ing. niTuai oy saiem eiks ' no. 331
R P O E Interment at Belcrest Me
morial Park.
Mas. Mary P. Saeltk
"Torr
ormer resident of lt4l No 4th
St., December list. Survived by
deughter, Mrs. W. M. (Janetl Mr
Morris: sons. Charles Aaa Smith,
Arnel 1. Smith, George Elmer Smith,
Clifford L. Smith", all of Salem: Wil
liam E. Smith of Eugene and Harvey
C. Smith of Spokane. Wash.; 17
grandchildren, 13 great-grandchildren.
Funeral service In Clough.
Bsrrtck Chapel Saturday. December
34th, at 130 p m. Elder M. C Era
ston officiating. Interment. Zena
Cemetery.
Infant Richard Peel
Lata resident el 144 W. Madrana
avenue at a local hospital. December
It. Survived by parents, Mr. and
Mr. Russell O. Pool. Salem Broth.
r, David Pool. Salem. Grandparents,
Mr. and Mra. J. H. Botta. Salem,
and Mrs. Stall Pool. Salem. Greet
grandmother. Mr. Mary . Barn
of Holton. Kansas. Servicea In Vir
gil T. Golden Chapel Saturday, De
er m her 14, at 10:30 a m. Interment,
Belcreat Memorial Park. Bv. rnu
Berth officiating. i.
VFW Readies Yuletide Aid
i v
il
-
v-: II '"f-,,
s" - .,! '.'Vf. (Sjdj -
. , T 4
v
Salem VFW Poet and Auxiliary spent considerable time sad effort
la arranging and wrapping bundles for needy families on Christ
mas Day. Left ta right are Charles Drees, post commander; Mrs.
Edith Mudd, chalrmaa of the auxiliary committee, and Lawrence
Garson, chairman of the post committee.
New York Stock Quotations
Compiled by The Associated Press
Admiral Corporation 22 H
Allied Chemical 113 V4
Allis Chalmers 68
Aluminum Co. America 84
American Airlines 24
American Motors 8 !
American Tel. Tel. 175
American Tobacco 79 H
Anaconda Copper 70 ,
Atchison Railroad 147
Bethlehem Steel - 163
Boeing Airplane Co. 77
Borg Warner 42 Vi
Burroughs Adding Mach. 30 v4
California Packing 43 H
Canadian Pacific 33 Ve
Caterpillar Tractor 60
Celanese Corporation 20
Chrysler Corporation 89
Cities Service 58 i
Consolidated Edison 47 4
Crown Zellerbach 56 Ax
Curtiss Wright 29 H
Douglas Aircraft 91 Vi
du Ponf de Nemours 225
Eastman Kodak 82
Emerson Radio 12 '4
General Electirc 55 'i
General Foods 95 4
General Motors 46
Georgia Pac Plywood 42 V
Goodyear Tier , 64
Homestake Mining Co. 35 "4
International Harvester 36 Vi
International Paper 111 H
Johns Manvilie 89 H
Kaiser Aluminum 40 k
Kennecott Copper 117 V
Lockheed Aircraft 55 t
Lowe's Incorporated 19 "
Long Bell A 37
Montgomery Ward 95 '4
New York Central 44
Northern Pacific 75 ti
Cliicaco Grain
CHICAGO on Grain
Opea Close
WHEAT
Mar. 2.08V 1 OS 08Vi
May 2 04-S 2.04-03
Jly l.M-H 1.93H-94
Sep 1.96H 1.95
Corn
Mar 1.30y4 1.29V-
May 133'4 1 32 VVi
Jly 1.35 1.34
Sep 1.33 -'4 1.32'
Oats
Mar 54 65V
May 64 64V4-H
Jly 63Vs 61 '
Sep. 65 65
Rye
Mar 1.19 1.19Vk-19
May 1.19 1.19'
Jly 1.18'A 1.16
Sep LIS 1.16
Soybeans New contracts
Jan 2.39-H 2.38-
Mar. 2 42V- 2 42 -42
May 2.43-42 2.42Ve-
Jly 2.39H 2.39V
Sep 3.30 3.39-Vi
Portland Livestock
PORTLAND (-USDA)-Cattle
salable 100, no full test of market
but very good demand for all
classes; few utility steers and heif
ers 10.00-14 00: canner and cutter
cows mostly 8.00-9.50; few utility
cows 10.00-11.00; bulls scarce.
Calves salable 35; market most
ly nominal; good and choice veal
ers salable around 19.00-23.00; good
and choice slaughter calves salable
15.50 16.50 or above; few cull
calves and vealers down to 7.00.
Hogs salable 100; market slow,
around 25 lower than early Wed
nesday; mixed lots U. S. No. 1-2
butchers 180-233 lbs 13.00-13.50; No.
3 lots 12.25-12.50; sows 350-500 lbs
salable 9.50-11.00.
Sheep salable 200; early offer
ings limited to one deck , choice
with some prime 112-lb slaughter
lambs carrying No. 1 pelts; these
selling actively and strong st 18.50;
good snd choice lambs salable
16.50-17.50; good and choice feeder
lambs quotable 14.SO-16.00; good
and choice ewes salable 4.50-5.50;
cull and utility 2.00-4.00.
North Portland livestock market
will be closed 19 trading Dec. 26
and Jan. 1
Portland Grain
PORTLAND UT) -Coarse rains,
15-day shipment, bulk, coast deliv
ery: Oats Ne. 2. II lb whit 49 00.
Barley No. 2, 45 lb B, W. 45.00.
Corn No. 2, E. V, shipment 6325.
Wheat (bid) to arrive market,
basis No. 1 bulk, delivered coast;
Soft White 2.20; Soft White ex
cluding Rex) 2.20; White Club 2.20.
Car receipts: Wheat 71; barley
12; flour 2; corn I; oats 1; mill
feed S.
t,
I -jf. .
a,-
Su t
Pacific American Fish 10
Pacific Gas k Electric 49 V4
Pacific Tel. k Tel. 132
Penney (JO Co. 96
Pennsylvania R. R. 25
Philco Radio 34
Puget Sound P k L 24
Radio Corporation t 46
Rayonier Incorp ' 38
Rayonier Incorp. Pfd 19
Republic Steel 48
Reynolds Metals 52
Richfield Oil 80
Safeway Stores Inc. 54 V,
Scott Paper Co. 69
Sears Roebuck & Co. 35
Sinclair Oil 57
Socony-Vacuum Oil 64
Southern Pacific 56
Standard Oil Calif 89
Standard Oil N.J. 152
Studebaker Packard 10
Sunshine Mining 9
Swift 4 Company 48
Transamerica Corp. 42
Twentith Century Fox 24
Union Oil Company 52
Union Pacific 182
United Airlines 39
United Aircraft 73
United Corporation 6
United States Plywood 40
United States, Steel 57
Warner Pictures 19
Western Union Tel .J 22
Westinghouse Air Brake 30
Westinghouse Electric 60 '
Portland Produce I
PORTLAND t - Butterfat -
Tentative, subject to immediate
change Premium quality, deliv
ered in Portland 58-61 lb, first
quality 55-58; .second quality 50-53.
Butter Wholesale, f.o.b. julk
cubes to wholesalers Grade AA,
93 score. 57; 92 score, 56; B
grade, 90 score, 55,i; C grade, 89
score, 53.
Cheese To wholesalers Oregon
singles, 384-41 lb; Oregon 5-lb
loaf, 41-44.
Eggs To wholesalers Candled
f.o.b. Portland, A large, 60-6l4;
A medium, 58-59Vs; A small,
494-50.
Eggs To retailers Grade AA,
large, 63-65; A large, 61-63: AA
medium, 59-61; A mediums 59-60;
A small, 50-52. Cartons, 1-3 cents
additional.
Live poultry No. 1 quality,
f ob. Portland Fryers, 2-4 lbs,
22; at farm, 21; roasters, 24. f.o.b.
Portland; heavy hens, 23; old roos
ters, 11-14.
Turkeys To producers for A
grade young hens, f ob. farm: A
hens, eviscerated 43; eviscerated
toms 344; fryer turkeys, light
weights. 6-10 lbs, 34.
Rabbits Average to growers-
Live white, 3-4 lbs, 23-26, 5-6
lbs, 18-21; old does, 10-14. few
higher. Fresh dressed fryers to
retailers, 58-61; cut up, 62-65.
Wholesale Dressed Meats
Beef carcasses Steers, choice,
500-700 lbs, 31.00-35 00; good. 29.00-
33.00; commercial, 26.00-31.00; util
ity, 23.00-27.; commercial cows,
22.00-26.00; Utility 20 00-24 00;
canners and cutters, 17.00-20.00.
Beef cuts (choice steers) Hind,
quarter, 40.00-45.00; rounds, 40.00
45.00; full loins, trimmed. 58.00
64.00; forequarters, 27.00 31.00;
chucks, 3.00-33.00; ribs 40.00-46,9.
Pork cuts Loins, choice, 8-1 lb,
34 00-37.00; shoulders, 10 lb down
22.00-27.00; spareribs, 34 00-40.00;
fresh hams, 10-14 lb, 40 00-43 0,
Veal and calves Good-choice, all
weights, 29 0-40.00; commercial
25.00-35.00.
Lambs-Choice, 40-50 lb, 36.00
38 50; good, 34.00-37 00.
Wool Nominal, cleSn basis,
blood, 95-100 lb; blood, 10043
lb; blood, 1.12-15; fine, 1.18-23.
CMintry-dresaed Meat. f..b.
Portland: '
Beef Cows, utility, 20-22 lb;
canners and cutters, 16-17.
VealTop quality, lightweight,
30-32; rough heavies, 17-24.
Hogs Best light blockers, 18-19;
lean light sows, 15-16.
. Lambs Good springers, 32-34;
yearlings, 24-26.
Mutton Lightweight ewes and
wethers, 10-12; .rough heavies 79.
Freak Produce ,
Potatoes Ore. Russets, No. 1A,
3 00-50; 25 lb sack, 90-1.00; 10 lb
mesh, 36-40; 10 lb paper, 28-30;
windows, 33-35; 10 fb pelt bags,
350; No. 2, SO lb, 1.00-25; Idaho
Russets, 100 lb No. I, 3 25-50; bsgs
H0 lb mesh, 2 25-50; Wssh Rut-
sets No. 1, 100 lbs, 1 00-25.
Onions I d a h o Yellows; med.,
225 50; Ige, 175-3.00; Or, Med ford
Yellowi, 3.50-75; Ige, 2 75-300;
Calif. White Jumbo. 4.25-71.
Hay New crop. No. 2 green
alfalfa, baled, f ob. truck. Port
land and Seattle, 39.00-40.00 ton.
Late Selling
Cuts Market
NEW YORK m A two-day rise
In the stock market proved to be
a big lurt tor those with prof its,
and late selling Thursday cut the
market well back from its nest.
The market was slightly higher
at the close with gains running to
around 1 points and losses going
to around 2.
Aircrafts were well out In front
of the rise., as they have been for
many days, and they were the first
to feel the effects of the selling.
They were mixed at the finish.
Steels closed unchanged to lower,
motors higher, rubbers strong, ra-)
dio-TVs mixed, utilities mixed,
chemicals mixed, railroads lower,
oils mixed, and coppers lower.
The Associated Press average of i
60 stocks was up 10 cents at f 179.M, ,
not too far away from its old
record high of $181.50. The Indus
Ural component gained 30 cents,
rails were off 10 cents, and utili
ties finished mixed.
Business stepped up to 2.650,000
shares as compared with 2,
540.000 shares traded Wednesday.
The market then was higher with
The AP average up $1.30.
Mixed Trend
Marks Grain
CHICAGO Wi - Selling In wheat
managed to unsettle the rest of
the grain and soybean futures
market on the Board of Trade
Thursday.
Wheat liquidation was due most
ly to a government estimate that
the 1956 winter wheat crop will
be about 4 per cent higher than
the 1955 harvest.
Wheat closed to 1 lower,
corn down to , oats higher
to lower, rye to 1 lower,
soybeans lower to higher,
ana iara uncnangea 10 7 cents a
hundred pounds lower.
The government estimated next
year's winter wheat crop at 735.-
438.000 bushels, compared with 705,
372,000 harvested this year.
Salem Market
Quotations
BUTTERFAT
Premium
No 1
BUTTER
Wholesale
Retail
EGGS Brln
(As of late yesterday)
(Wholesale prices range tram
to 1 cents over buying price)
Large AA i
Large A , . .
Medium AA
Medium A ,
Small
POl'l.TBV
Colored Hens .......... ....
i,eghorn Hens ....
Colored Frvers
M
.5.1
.51
.4S
.38
.
.1
.11
.11
.11
Colored Roasters
Old Roosters
Onion Future)
CHICAGO OH - Onions:
Ope High Uw CIom
Jan. 1.47 1.59 1.45 1.59
Feb. 1.75 1.72 1.73 1.72
Mar. 1.75 1 83 1.75 1.83
Nov. 158N
Sales: Jan. 262; Feb. 214; Mar.
150; Nov. None.
N-Nominal.
Classified
Advertising
Statesman-Journal Newspaper
is n. inure it.
PHONE 4-6811
LOCAL RATES
per tin 1 times JO an
per line tlmea SI 30 S1J0
per line 1 month .. SS 00 (Inrl Sun t
(Mln. 1 lines) 'Weekdays "Sundays
per una i nme... .3
Classified ada will be run In both
paper to give advertiser the ad
vantages of the tremendous pulling
fowcr os u.euu coinoinea circuia
ions.
When an ad Is ardered three or
aix times and a Sunday Issue Is In.
eluded (for exsmple frldsy, Satur
day, Sunday) the lower Sundey rate
apply because only the Statesman
publishes Sundays.
Classified ada will start In th
morning Oregon Stateamsn, conclude
In th evening Capital Journal hut
ads will be accepted for Sunday
Statesman only.
The deadlin for classified ada la
1 40 pm, the day before publica
tion. Emergency ada and small II n
ds received after 1:00 p.m. may
be placed In the "Too Late to
Classify" column for th following
morning.
Ads for Monday papers muat be
In by t p.m. Saturday.
The Statesman-Journal Newspaper
reserve in rigni to reject ques
tionable advertising; It further re
serves the right to place all adver
tising under th proper classifica
tion. The Statesman-Journal Newspapera
assume no financial .esponslbllity
for errors which may appear In ad
vertisrmenta published In Its onlumna
and In rases where this psper Is at
fault will reprint that part af an
advertisement In which th typo
graphical mistake occurs.
A "Blind" Ad an ad containing
Statesman-Journal Newspspers Box
number for an address Is for th
protection of th dvertlime and
must therefore be answered by let
ter The Statesman-Journal News
papers are not at liberty to divulge
Information as to th Identity ef an
advertiser using a "Blind
ad
THIS NrWSPAPFR
STRIVES
TO
protect II reader egalnst fraud,
deception or Injuries Reader
are cautioned to make NO PAT
MENTS to get a position adver
tised In th help wanted columns
All help wanted adi MUST
SPSTirV THE NATURE Of THE
WORK Sales help wsnted ada
muat state If the pay I In th form
of salary commissions or guarantee
' Hona fide offers of employment
with pay belong to the "Help
Wanted" columns.
Ads in other columns which re
quire Investment In storks, . sum
pies, equipment or cssh bond
should be thoroughly investigated
before paying out any money Ad
vertises requiring a cash Invest
ment for aamplea or merchandise
sales aids, ate, muat so specify In
Their ads.
Kindly report any exception to this
' rule to th elassllied advertising
manager.
ADMINISTRATOR'S NOTICE
Th undersigned haa Ms appoint
ed Admlntstrstor of the Estate ef
ELSIE V. BLASCHKO. decesaed. AU
persons having claim against said
stat are hereby required to pre
sent them, with proper vouchers,
within six months from th date
hereof, lo aald Administrator, at 10
North Commercial Street. Salem.
Oreion.
Oeted December , 1SSS
PIONEER TRUST COMPANY,
Administrator of aald estate.
DeArmond and Sherman.
Attorneys for Administrator
M7 Court St.( Salem, Oregon
Statesman, Salem, Ore., Fri
NOTICE TO CREDITORS
WOTICE IS HEREBY GIVEN that
Ralph Lawrence Scharf, Margaret a
Scotney and Joseph P Meter have
been appointed by the Circuit Court
of tit Stale of Oregon for Mario
County aa eecutora of the will and
eetat of Leonore S. Prultt. deceaaed,
and have qualified aa such. All per
sona having claima aalnst aatd ca
nt are Hereby notified to present
the Mm, duly verified,' to said exec
utor at Room 150, Court Hmiee. Sa
lem, Oregon, within six months from
the date herof.
Dated and lira publish Decem
ber 13, IDS.
Ralph Lawrene Sctiarf,
Margaret S Scotney,
. Joseph P. Meier,
Executors.
JOS1TPH P. MEIER,
Attorney for Executors, ,
350 Court Houee,
Salam, Oregon. -
,; BHJ0J..UJt.
ADS IN THIS COLUMN
RECEIVED ...
foo Late To Classify
SELL, or trad equity In 'SS Ford
V-S. Fordomatlo, fully equipped
for t good -SO or '51 model. Ph.
1-114S. I1M Dearborn Ave.
WANTED to rnt: J-bedroom house
near First Presbyterian Church
preferred Children 11 and 1 yrs.
Ph. 1-M.M.
1-BDRM. houee. $60 mo. 147 Che
meketa for Information, Call 1-231
1-BDRM. hse. Attach, gar. Oil heat!
Paved Rd. Ph. 4-1084.
1-RM. turn, apt., all utiL pd. 1ST N.
Liberty. 1-7S85.
GIRLS M" Elgin Bicycle. New tires.
Also Boy Small Tractor. Ph.
4-aaM.
REED Organ attractively modern
ised. ISM) N. Comm l. 1-7077.
GET your boy terrier puppies for
Christmas. W have S very nice
on to pick from. SOS S. Lancaster.
Ph. 4-S8S1.
BIACK curly haired puppies. IS, S3
ao. earn.
FOR SALE: Toy Terrier. I
old. Ph. 3-4345
weeks
LOST: Maroon, man'a blU fold. Keep
money, return with paper. Box
123, statesman-Journal.
300 Personal
312 Lett anti Found
LOST Siamese, seal point, male cat,
11 yra. old. Vicinity N. Church A
D. Reward. .T N. Church. Ph.
1-4S07.
316 Personal
ALCOHOLICS Anonvmous.
MS &
Commercial, l-llo or 1-MU
ALCOHOLICS Anonymous group No.
I SOSS N Com I S-4S17
GMGJfcJB
(Ms
400 Agriculture
402 Livtstock For Sols
rOR SALt While pigs week and
older, S, and SS. See V. S. Sawyer,
1 ml. N. of Turner an highway.
Ph. Turner 111.
rOR SALE S real good Reg. Jersey
cows. Ph. 1-2SM. Rt 4, Box 11.
MILK fed hoga, dressed, delivered to
your nome. !i r wnole. Silverton,
phon .1-S7M.
4-YR-OLD black filly, owned
ridden by 11-yr -old girl, S13S. with
saddle, bridle At halter. St S, Box
SS. Ph. 1-3217
HORSES boarded by day or month.
Rat reasonable. Horses rented by
hour or day; exercise track on
property. Riding lcasona by hour.,
Jo. A. Herber. Verde Lane. 4-40117.
LOCKER BiF.r, Kaatern Oregon. t(
or whole le lb. Custom killing.
Trailer loaned free. Salem Meet
Co.. B. ISth. Ph. 1-4B1H.
PROFESSIONAL HORSESHOER
Ph. 4-8063 Salem, or t-4331 Wood burn.
403 Livestock. Wound
CATTLE BUYERS B. I and H. Rn
then 47 State. 1-1141 or 1-4 MO
CATTLE, horae. at your farm. B. C.
McCandllsh, Rt X Box 187. S-41M
LIVESTOCK buyer.
1MO Harmony Dr.
A. T Snmmar,
Ph. 4-8047.
LIVESTOCK buyer. Claud Edward.
Rt J, Boa SS8E. Ph. 4-1113.
404 Poultry ond Rabbits Yeater'a Appliance Co.
' 1 1 CnmeVt St
HEAVY hen.11 .86. .llv. Ph.4-1M4. USED mshofeetable7lSM. Hogg
DUCKS k GEESE FOR SALE Bros., ia State St.
.Phop'ji-ZSM UNFINISHED furnitur H L Stiff
HUNTERS We drta tarn & wild Furnitur Stor. 17S M High
fowl buy rabbit. Wing's, SMS USED piano and bench, SH 00. Hogg
Stat. Ph. 4-38 IS. Broa , 14S Stat St.
400 Agriculture 400 Agriculture
425 Auction Solos 425 Auction Solos
Furniture, Farm Tools and Livestock
SATURDAY
December 24 10 a.m. and 7 p.m. :
AT SCOTTY'S AUCTION HOUSE
4840 CENTER ST., SALEM
' JnT
Repossession of large home of good household fur- ;
nishings. Selling at Auction to the highest bid-1
der Including: :
5 P. Walnut btfdroom set. 3 9x12
chroma let, S-P. Ytllow chrome set, Walnut Lano Cedar Chest"
1053 G. E. Automatic Washer, 1933 Hamilton Elee. Dryer, ':
1033. Coolerator Push Button Eire. Range, 1933 Coolerator
Elec. 9 rt. Refrigerator, 1953 Fowler Elec. Dryer, 1932 R.C.A. -Victor
6 Speed Automatic record player comhination radio,
1049 MayUg Elec. washer, 3 Drawer Chest, CockUil tables
Lamp Tables, MeUI Kitchen Utility table, walnut Drum "
Table. Clothes Hamper, Table Lamps, floor lamps, Misc. tools
8 sets Box springs lc Malts, Iron Beds, Tables, coil springs,,. '
oil circulators, wood eirculstors, uprite piano. Toys, bean,
Dogs It Doll, wool comforters, Loads Misc. Shrubs, Jams It
Apples. .!
' Livestock Sale 2 p.m. ' i
lbead nice weaner feeder
veal, baby calves, sheep, goau, chickens raDDits, aucsa, gees
V turkeys. This is a big Auction, all consigned merchandise. "
Make Saturday your Buy 4 Sell day at Scotty'i where tht
crowds go. Wa offer a fair, square deal to all. "
EVERYBODY WELCOME ?i
W will be continuing our regular Auctions on th saraa very .
Tuei , eve., Sat., day evening. Sat. nita Free Prizes, Fraa -Tresis.
Musical piano numbers It a rand time for all. Our "
retail store is full of bargains.
'Auctioneer :
COL ERNEST E. SCOTT -:
PH. 4-6433 ,
Dec. 23, 1935 (Sec. II-9
400 Agriculture
408 Pets
COCKER a, Scott pupptee for Sal.
Rtl Box? M, Monmouth. Or. Z
RED COCKER Spaniel puppies. 130
Portland Rd.
FOR SALE Welmeranar pupa,
A K C. raonabl Lortn W routed,
Rt. 1. Box 17(, Molaluv Or. Ph.
NedyJF53. . - ..
DOCS boarded, Corkhavm kennlsC-
Luelle Lund, Rt, 1. Silver ton. 1-477.
A BAIOAIN an S Cocker SaarUet
pups. M If. Water.
A.K.C. reg. Cocker (I whs. I. CoU .
II, tiny Chihuahua. Ph. 1-114 .
TINY reg. Chihiwhua
Birchwooe Dr.
pup.
GIVE your children a puppy Sr 1
Christmas. Ceo. Boxers. Ph. S-SSM '
Silverton. Will bold ucttl Chrurtme
Ev. .
infer at Cocker rue.
Priced reaaonaoly. t months old. 1
Phone Btlvrtow 5-4973.
DACHSHUND Rial puppy. Register '
ed. S mo, old. Call Tillamook. "
vt i-ms.
PUREBRED Cocker
l-ofll after p.m.
pupa, 17. SO,
REASONABLE
For sal. Cocker Scottf
otty ptipple.
Be week day. I a.m. tiu 7 m.
Mr. and Mrs. L. C. Johnston, Rt -I.
Box HA, Monmouth.
PAR A It RETS ca u.trta 4 Cor
nera Avian 41 ! Hudaew x-Sawi ,
PARAKEETS. Cages at Supplies. s
M Aviary. 5385 Maywood. 4-S41S.
SIAMESE kittens, aealpoint; houae-
broken St reasonable. Ph. 3551. 2
TROPICAL FISH; used tank i
stands; everything goes, all or part. "
107 Electrle Av.
( KITTENS
To give away. Phon 4-n7t.
It's a P-A-R-A-K-E-E-T
For th whole family for Christ.
mas. Choose from hundred. Cage
supplies. Will hold. Opto day 4k Z
night. Bird Paradise, 11SO Livtngo-..
ton. 1-1S41.
RARE Parakeets. SI t up. I-SIU. ,
Taybln Rd.. W. Salem attar 4:10.
PEDIGREE Roller Csnarleav
Re-
aonabl priced. Ph. 1-7K
PARAKEETS Cage Is SuppUe.
MIS S Commercial Ph. 1-rSS
HOLLYWOOD Aquarium. 18M lie
Coy Tropical, goldfish, equipment.
BIRD Paradl tor olro. a. sup
Dlla UN Uvlngxto Tt-lSU .
410 Seods ond Plants
TOP QUALITY planU for lea ll r
Middle Grove Nursery. MS Silver TZ
ton Rd.
412 Fruit ond Form Produco
APPLES Wonderful Red Dctlcmu,
Si IS. No call Sat or after I S
p.m. Friday. 4-1841.
WALNUTS. 23c LB.
Phon 4-30S1
FRESH carrot aV appl Julc. Pints
tt QuarU. free Del. Ph. 1-7190.
PASTEURIZED whole milk. T5c gal -
delivered. Cleary Dairy. S-303S "
HOLLY for decorating
s wreath.
F. -I0T, ,
413 Fortiiiaor
ROTTED MANURE. Rich, fin ma-. --
ur by lack or yard. Delivered ee
at farm. Phillipi Bra. Rt, I Boa
4M, Ph. 4301.
414 Form Equlpmnt
TRADE IMS 1-ton Chev. iarm truck '
for tractor or machinery. Dealer
welcome. Ph. Salem STk
450 Merchandise
451 MocKlnary ond Tools
SHOPSMITft
wattiehrMnt. flM.
Ph. 1-7041.
RA VE several
welder AC ii
DC Call 4-7M4.
USED are It acetylene welder
quir tat Illinois. I-SM4.
ill H,k,IJ fiooJ, For Solo
UNTTNISHFD chests new -drawer, '
SI0 N; 4-drwer. BS.M Cash as .
Carry, aa ph erdera Haas Bra. ,
Salem.
USED buffet chrome lag. $1S0. ;;.
Hogg Broa., S4S SUt St.
FRIDAY-SATURDAY BONUS DAYS '
Free Hollywood frame weach new .
cm spring ana inner-epnnx nsi
trees, siD.M. Glen Woodry, ISO N,
Summer. ,
USED pt, ext dinette UN, 014 SO.
Hogg Bros., 141 Atal at.
VFT.D twin bed. mapla finlah, $14.71.
Hogg Bro.. 141 SUt St.
GUARANTEED
Used !. clothes dryer, uto. waah
ers. ranges, refng. television
acts. All brands. 14 mo. to pay.
wa uiv Trading stamp
Wool Rug Tads, 5-P. Gry .
pigs (white) cows, bulls, feeders,
ujajs.