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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Sept. 28, 1956)
t. jtfI 4si Business News . . . . 4i V. f Br W, laa,a Babson Reports : Long Range Future Good for Oil Stocks Br ROGER BABSON Copyrisht-lS Publisher Financial Bureau, Incorporated BABSON PARK, Mass-Since its high in April the Dow-Jones In dustrial Average has fallen from peak of 521 to 490 recently. The oils have been one of the leaders in this decline. This, However, is only natural since they had previously been among; the best perform ers. I will now discuss some reasons for this decline. WHAT WALL STREET REPORTS Wall Street reports to me that the "insiders" are selling, that is, those who are supposed to be "in the know." You cannot blame these insiders for diversifying, or at least storing up reserves for the payment of estate taxes at the time of their death. They can now buy, at 92, Government '. Bonds which will be accept ed at par for death-tax payment. There also is fear with the present surplus of i ( I Oil mai me income ax cunsiuejawuii jivm uu ran- yi I Ponies may be taken away. This could easily happen v I if the nrio nf ffacnlin increases much more while there is a surplus. The oil companies are also watch ing what has happened to the coal companies. The feeling is that sooner or later the oil producers may also suffer. LONG-TERM OUTLOOK FOR OIL Although oil will have competition from power generated in other ways, oil consumption will increase for many years to come. De mand for electricity is constantly rising, the availability of new hydro electric sites is decreasing, and the plants generating electricity constantly demand greater fuel supply. Although coal consumption as a whole is declining, the efficiently operated mines near the big power houses are making money. This means that holders of coal tocks should carefully check the operating costs and locations of the mines in which they are interested. Although most coal stocks should probably be sold today, there are doubtless some which should be purchased. It is reported that more candles, more kerosene, more gas, and other fuels are being used today than .at any time in the past hundred years, notwithstanding the tremendous expansion of elec tricity for power, lighting, and heating. In fact, 1 recently heard of a young man who has developed a profitable business supplying hard wood for firepraies. Anyone desiring to start a new business chain today might well own hardwood lots near several large cities and deliver a standard quality of hardwood, under a special trade name which could be nationally advertised! I am willing to forecast that a hundred years from now perhaps a thousand years from now people will be burning candles on their dining tables and hardwood in their fireplaces! PEACETIME I'SES FOR THE ATOM Privately. 1 believe that it is the fear of uranium as a source of heat which is causing many investors to take profits on their oil slocks. The possibilities of peacetime uses for uranium are great ly increasing. Ten years, ago it was thought there was only a limited amount of uranium; now we are told the supply is almost unlimited. I understand that some of the oil companies are already acquir ing holding of land rich in uranium. Furthermore, all oil companies have records of their own drilling and must have drilled through uranium-producing areas. Therefore, do not sell all oil stocks for fear of uranium competition. When uranium becomes a real sub stitute for oil, some of the oil companies will be able to supply uranium. All oil companies will not be caught unprepared for change, as were most coal companies. SIGNIFICANT NEWS ITEMS It is reported that the Koppers Co. and Kennecolt Copper Corp. have already asked the Atomic Energy Commission for permission to refine uranium ores and sell the product direct, as they would sell coal and oil. This is something that all investors should watch. As the war scare passes. Congress will compel the AFX to permit, under license, the treatment and tale of uranium. A demand for mall reactors should then follow. For this demand both the Westinghouse and General Electric rganiiations are now preparing. Some of their engineers believe that the beaters in our homes will some day be discarded and replaced by uranium beaters. They further forecast that a small mount of uranium can, by the "self-feeding process," be made to last several years. Shipping is sure to turn to this fuel. Probably airplanes will follow, and ultimately (perhaps) automobiles. I am only a ttatstician, not a physicist, but I advise that the stocks of the manufacturers of small reactors, household heaters, and other utilities may be better buys than the uranium itself. Sales Offset Market Climb NEW YORK. Sept. 17 Wl A late sell-off knocked the props from a slightly higher stock mar ket today and chalked up mother decline. Prices of leading Issues slipped from fractions to around 2 points. A scattering of specialties made gains. Volume dipped to 1,770,000 shares compared with 2.370,000 yesterday and was the lowest in nearly three weeks. The Associated Press average of 60 stocks was down 70 cents to $175.80 with the industrials off 70 cents, the rails down $1.10 and the utilities off 30 cents to An other new low. The day's most active stock was American Telephone, off at 170 on 32,200 shares. Stocks and Bonds Complied r Tb Auoriitrd Pre Portland Produce STOCK AVERAGES J 15 IS Indus Ralls 1 till Btkt O? Dl.l D.3 D.7 M 5 129 7 70S L17S S 250 2 1.10 8 70S 171 5 . 2.S8.7 1.11 S 71 I 178 J 262 7 131. S 73 9 IBM . 244 4 129 72 S 174 1 . 278 3 1M .1 7 191 5 244 0 120 0 70S 171.6 2.17. S 142 4 7S 7 1R1 5 20.1.1 114 8 67 2 148 8 low. Net China. ... Thursday Prev. Day Week Ago Month Ago Year Ago ... . 1HS8 High IMS Low 1H55 High 19.15 Low L New 9M BOND AVERAGES Sept. 27 Ratal Indast I'll! fri D.J D.l 01 D.4 S0.4 L 83 9 ei L 82.7-1 SO S 93 8 92.0 S3 1 HI 921 99 0 92 2 980 988 97.7 980 93 a 919 Net Chant . Thuraday rrev. Day ... Week Ago Month Ago Year Ago . 19.K High 1S Low 1955 High .... 1955 Low . L New 158 ... 91 0 ...92 97.S .... 98 3 90 4 99 8 988 low 998 100 1 94.4 980 82 9 83 S 85 9 85 2 2.7 96 3 4.0 Markets at Glance NEW YORK. Sept. 27 ( Stocks Mixed; rhangea narrow. Bonda CurDorate, tin- Mirnm,nl, off Cotton Irreeular trartlns miH CHICAUO Wheat Smay galni: etronf early. Corn Easy; cash price, lower. Oats Easy with corn Soybeans Firm- ht ln. held.'. Hors Butchers ibwn HlnM ,- top 117 25. Cattle-Steers weak to SO cents down: top S.TO 00. Dow Jones Averages NEW YORK Sent 7 inmi. Jones rioting stock averages: STOCKS 30 Indus 20 Rails .. 1.1 Utlls 85 Stocks High taw Close 485 21 477.85 479.76 .. 158 89 154 28 154 .70 88 21 65 70 8.1 77 170 96 1 68.56 169.08 m 32? 035? mm BOW... WASHER AND DRYER 470 Per Week No Money Down FILTER FLO AUTOMATIC WASHCt Ska Sat hoi CWew eaa to - 2 WASH SPEEDS! 2 SPIN SPEEDS! sal ? Wmf af ipta "V - - to toam ei High Speed Dryer with Automatic Control Asflla jsalBA - . . - , ! m rww mrymmj vwty inmi mh (Its ami Whito WASH EK AVAILABLE WITH NEW AUTOMATIC SUDS KETUIN SYSTEM I SEE U2 j Open Mon. & Fri. 'Til 9 P.M. We Give Green Stamps r in r. i mm 6SSS1 sst a m a mm I aj mm . mm . - i w i kn j:a'iih r . . . i i i v 465 N. COMMERCIAL Win's Olfcrt r utmmtt ptutr Urges! Display l kwntu to Mm Allstate Man Featured in Magazine William Cutler. 26S N. Capitol St., a rater at the Salem regional office of Allstate Insurance Com pany, and his activities as assis tant scoutmaster of Boy Scout Troop 1 of Salem are aubjects of a feature story in the current issue of AIM magazine, nationally dis tributed employe publication of All state Insurance Company. The issue, which is distributed to more than HJOO Allstate employes throughout the I'nited States and ; Canada, contains two feature ar ticles on Allstatc's Salem regional 'office. The second feature is con cerned with the regional office It self., I The illustrated story about Cut ler relates how he first became in terested in the Boy Scout troop ! when he accidentally walked into a troop meeting. It tells of his .full schedule as assistant scout j master and avancement coordina tor of the troop. PORTLAND Jh - Butterfat -Tentative, subject t immediate change Premium quality, deliv ered in Portland, 64 lb; first qual ity CI; second quality, M. Butter Wholesale, f ob. bulk cubes to wholesalers Grade AA, S3 score, 0,4; A grade, 91 score, 59'i; B grade 80 score M; C grade 89 score, Se. Cheese To wholesalers Oregon singles, 41-46 lb; Oregon f-Ib loaf, 43-50. Eggs To retailers Grade AA, large. 57-59; A large, S4-M; AA medium. 42-45; A medium, 40-44; A small, 29. Cartons, no charge to i cents additional. Eggs To wholesalers A large, 52-54"; A medium, SS-42U; A small. 27-27V4. Eggs To consumers AA large, 64-69; A large, 61-06; AA medium, 49-59; A medium, 49-54; A small, 34-39. Live poultry No. 1 quality, f.o.b. Portland Fryers, H4-4 lbs, 19; light hens, 11 at farm; heavy hens, 12-13 at farm; old roosters. 9-10. Turkeys To producers L I v i weight fryers, 27-28; young turkey hens, liveweight, eviscerated, M 35; young toms. 29-37. Rabbits Average to growers Live white, 34-5 lbs, 20-23; col ored pelts 4 cents less; old does. 10-12. few higher. Fresh kiUed fryers to retailers, 56-58; cut up, 60-63. Wholesale Dressed Meats Beef carcasses Steers, choice. 500-700 lbs. 40.00-44.00; good, 38.00 42.00; standard, 31.00-38.00; com mercial cows, 34.00-28.00; utility, 22.0-26.0; canners and cutters, 19.00-22.00. Beef cuts (choice steers) Hind quarters, 54.00-47.00; rounds 45.00-48.00: full loins, trimmed. 76 00 82.00; forequarters, 31.00- 34 00; chucks, 32.00-35.00; ribs, 5500-60.00. Pork cuts Loins, choice, 8-12 lbs, 54 0-59.00; shoulders, 16 lbs, 32.00-35 00; spareribs, 44.00-48.00; fresh hams, 12-14 lbs, 46.00-49.00. Veal and calves Good-choice, all weights, 29.00-38.00; commer cial, 25.00-32 00. Spring lamb Choice and prime, 45-55 lbs, 41.00-43.00; good, 35.00- 40.00. Wool Nominal, clean basis. V4 blood. 1.00-05; H blood, 1.03-08; H blood, 1.12-18; fine, 1.17-23. Country-dressed Meats, f.a.b. Portland: Beef Cows, utility, 20-22 lb; canners-cutters, 16-17. Veal Top quality, lightweight, 26-28; rough heavies. 18-23. Hogs Best light blockers, 24-25; lean light sows-, 20-22. Lambs Top grade springers, 33-35. Mutton Lightweight ewes and wethers, 10-12: :ough heavies, 5-8. Fresh Produce Onions Idaho Yellows, 50 lb sks, jumbos, 2. 00-50; medium 1.75-2.00. Potatoes Ore. - Wash. Long Whites. 2.50-75; Russets, 1.75-3.00; No. 2s, 90-1.00; Idaho Russets, 100 lbs, No. 1. 3.50-75. Hay New crop, No. 2 green alfalfa, baled, f.o.b. Portland, 33.00-35 00 ton. Confirms Hospital Report Portland Livestock I Savory Appointed 'Prudential Agent James E. Savoy, 579 Tryon St., has been appointed agent for the Prudential Insurance Co. in the Salem district agency, it was an nounced Thursday by Harold D. Hamm, manager. Savoy is a na tive of Maine where he attended public schools. Mr. and Mrs. Savoy have two sons, Stanley, 8, and James, 5. AT ACCOUNTANTS MEET W. T. Caldwell, J. F. Glcnnie, E. W. Hector. G. H. Windedahl. all of Salem, are among about 1.500 certified public accounts and guests attending the annual meet ing of the American Institute of Accountants this week at the Olympic Hotel. Seattle. PORTLAND WV-(USDA)-CattIe salable 150; trade moderately ac tive; fed steers fully steady; other classes generally steady; part load of choice 929 lb fed steers 24.00; few mostly good fed steers 21 00-22 00; standard steers 16.00 19.00: included at 19.00 were load of 9R0 lb steers; utility steers 10.00-15.00: standard heifers 14.00 18 00; utility heifers 9.00- 13 00; canner-cutter cows mostly 6.50 8 00; shelly canners 5.00-6.50; util ity cows 10.00-11.50; commercial cows. 12.00-50; utility bulls 14.00-15.50. Calves salable 35; good vealers steady at 1600-1800; individual choice to 20.00; utility-commercial calves, vealers slow, steady-weak it 9 00-14.00. Hogs salable 200; market mod erately active; steady; sorted No. 1-2 butchers 18.75-19.00; mixed No. 1-3 grades 18 00-50; sorted out No. 3s 1700-50; few 16.75; sows mixed No. 1-3 grades 12 00-16.00, Sheep salable 150; trade moder ately active, steady; good 85-105 lb spring slaughter lambs 17.00 18.00; nothing choice offered; utility-low good springers 16.00-17.00; good-choice 75-85 lb feeders 15.00 17 00; cull-good shorn slaughter ewes 2.00-4.00. 1 - I ') 1 7 0s- - v" - v wmmmmmmmmmmmmmmmmmmmmmto,mk ll 11 I ran sn m I im i urn NEW YORK, Sept: 27 New York Hospital reported Javier Perelra, toe oldster from Colombia who claims to be 167 yean old, as "vigorous, alert and observing," and here he proves It as he is interviewed today by reporter Emily Belzer. Hospital report and non-medical evidence Indicates Perelra could be more than 150. (AP Wlrephoto) New York Closing Stocks Reported by Martin Lynch, Pierc. Fanner and Btana Admiral Corp Al Chem Sz Dy Allied Stra Allla Cham . Alcoa Aluminum Ltd Am Airlines Am Can Am Cyan Am Motor Am Stl Fdr Am T At T Am Tobacca) . Am Viscose . Anac Copper Armco ... Armour . Atcheson Top Avco .. B Bend lit Avla .. Best Fooda . .. Beth Stl Boeinf Air Borden Bors Warn Bucyrtis . . Burro Adding C Calif Park Campb Soup Can Pac Ry Case J I Caterp Trac Celaneae Crlotex Certainteed Ches Ac O Hy Chi M & St P Chi NW Rv Chi R I Ry Chrysler Cities Serr Climax Moly Cluett Pea Coca Cola Colgate Com Credit Comw Edison Cons Edison Container , Cont Can Cont Oil Crane Co Crown Zell Curtta "Wx . B Deere A Co Dia Match Douf Air Dow Chem D P da Ne Eaat Air U East Kodak .. El Paso Gat Emer Radio Ex Cello .. Falrchild ... 1S '. . 48", 32. -104', ..1S4 .- 21 41 ... ... ', - 41',. .170 7S"t - S31 .. 19'k ... 2'4 .. i7n .. 25', - '.. .. St'', ... 47 J'i 52", SS?, .. 41 . 4l', - 40!. . 411 - JS'i - 33", .. 13". S.V, ... 15 .. 40 .. 11', .. P, . 18', 26 .. J6; .. 11 - si". .. SB", .. 401, .108', - 47i 4S . 401, - 45, - SS .. 4", .113', ... 35 .. 83 ... 38 ... 15i .. 3S, . S8i S9 . 195 .. 47', . M'i .. Sli, .. 71, . 4',4 .. 11 rilntkot ... Ford Motor o Can Dynamics ... Gen Elec Gen Foods Gen Motors Gen Tire Geo Pac Ply i Gillette Glldden Goodrich Goodyear Grace WR Grt No Ry Grt West Sug Greyhound - Gulf Oil ... Homestakt M I Int Harvest lnt Nickel Int Paper I Johns-Mans Jonea all !U .. K Kaiser Alum Kennecott Kern Land L Llbby McN Lies Myers LOF Glasa Lockheed Air Loew's Inc Long Bell A Lorillard . M Mafnavox Marsh Field Merck & Co Mont Chem Mont Ward Motorola , Natl Biscuit Natl Cash Ref .... Natl Dairy Natl Distill Natl Gypsum Natl Lead Natl Supply NY Central No Am Avla . No Pac Ry NW Airlinei o OMn Math Otia Elev P Pabco Fir G & El Pac T St T Pan Am Air Penney J C . Penn Ry Pepsi Cola . - ',, ... 11 ... S7'4 .. 45", - 4S, SO to 47 35 ' , 9 M .. 7',i .. 341 .. in .. 14. .113 tr". . S5'i .103 .112 80 . ss',4 .. M .131 .. 44T, .. 14, .. 853, 2V, 4 . 19 .. S3'', .. in, . open - 351, 4 . M'a .. 40', .. 45 - 5'4 .. 47'i . SS 74 ... 48 ..IO414 ... 79 ... 37 4 4U4 ... f'-i .. 15 .. 3'i . 43'. S2i 45 .124 .. 18U .. 8314 . 22'a 19 Phelps-Dod( Philco Corp. Phil Morris Phil Petrol Pillsbury Proc At Gam Pu( Ed P At L . Pure Oil . SI Radio Corp . Rayonler Inc Repub Stl Reynolds Met Reynolds T06 Richfield O. Royal Dutch a Safeway Stra St. Joe Lead St L At SF Ry . St. Refit Paper . Schenley Ind. ... Scott Paper Sears Roe Shell OH . Sinclair Oil Skelly Oil Socony-Mob Sou Cal Edl Sou Pac Ry Sou Ry Sparry Rand Std Brands , ,. Std Oil Cal Std Oil Ind Std Oil NJ Stude-Park Sunray Oil Sunshine M Swift At Co Sylvannla El I Texat Co Texaa Gulf Textron . Tide-Aaao Tranaam Trans Wo Air Twen Cen Fox . V Union Carb Union Oil ... Union Pac Ry . Unl Aircraft Uni Air Lines Unl Corp Unl Fruit US Plywood US Rubber US Steel W Warner Pic Wash Water P . West Air Br Western Air Western Elec Western Union Woolworth Zenith S41.! . Mrtj . 41 . 4J. 41ft .. 80 - 15',, .. 4S sm .. .- 34 . 70 "4 ...10514 . .. 41 . 27 '4 .. 47 .- !', ... ! - 30 S3 .. 0 8 .. 82 4S .. 4S 41 - 14 17 '4 47 74 - 4i4 . S',4 15 S 44 a S5'4 301,4 11 .- 7i,4 - 35 1S',4 -M 111H S74 1 7i ss 4 . 31.4 ... 4Ti, - 5 W -. 34 . - .- S34 ... 18V. .. 45 ICS Portland Grain Western Securities (7II.KA, SMITBFR A- CO., INCf Investment Trusts 711. KA, SMITWFR A- CO., INC.) Affiliated fund Canadian Fund Century Shares Trust Chemical Fund Delaware Fund Diver. Invrst. Fund . .. . Dividend Shares Eaton At H, Bal. Fund Gas. Ind Group Tobacco Inrorp. Investors ney mat. f unds: B-S B-4 K-l S-l s.a Man. Bond Fund Maaa. Invest. Trust Natl. Sec. Series: Income Series Stork Series Pref. Stock S Natl. Dlv. Series Katl rtrnwth Pioneer Flint! Tel.-Elec. Fund ! value Lin Inc. Fund . Wellington Fund Bid Asked S 94 6 42 19 79 21 41 2188 2:i 85 18 40 17.74 Id." 1 9 34 10 24 2V4 ;un 21 88 23 18 1.185 1517 4 08 4 48 43 10 19 17 57 19 17 10.10 11?3 880 9 81 12.18 1.149 928 1014 7 84 8.17 1131 12.24 07 83 8 78 9 SO 52 9 .11 479. 823 S17 S74 13SS 1487 11 84 12 90 584 .1S 13 25 14 45 These hid and ask quotations rep resent prices at which one or more dealers, members of the National As aociation of Security Dealer's Inc., would trade with the feneral pub lic at the time the quotations were lathered at 1 p.m. yesterday: Bid Callf.-Oreson Power .11 '4 Cascade Plywood . ... 30 Consol Freleht 14 Iron Fireman 1.1 JanUen Inc. Com. 2.T Asked 3.1 33 18 14 25 15 44 ',.. i i POITIAN OINIBAl tSCTIIC COMfANV ft . Meier At Frank 14 Mnrrlson-Knudsen 40 Ore.-Port. Cement 70 Pac. P. At L. Com 27 SO Pope A- Talbot 1.1 28 Portland Gas St Coko Sl 34 Port. Gen. Elc 22 24 Banks Bank of America 37 40 Hank of California 89 74 Chas. Manhattan , 52 84 First National M 57 First Nat. City N.Y 87 S8 U.S. National . 73 What happens when we pray for others Too often our prayers stem from selfish interests. It is when we ask help for others that we. find we have gained the true rewards of prayer. In October Reader's Digest, Rev. Robert J. McCracken ex plains why praying for others is the noblest and most Chris tian kind of prayer and how, by means of it, love is raised to its greatest power. ' Get October Reader s Digest at your newsstand today : 47 ar ticles of lasting interest, includ ing the beat from leading maga sines, newspapers and books, condenaed to save your time. PORTLAND un Coarse grains, 15-day shipment, bulk, cosst deliv ery: Oats No. 2, 38 lb white 53.50. Barley No. 2. 45 lb B. W. 48.50. Corn No. 2, E. Y. shipment 66.50. Wheat (bid) to arrive market, basis No. 1 bulk, delivered coast: Soft White 2.25; Soft White (ex cluding Rex) 2.25; White Club 2.25. Hard red winter: Ordinary 2.J8; 10 per cent 2.26; 11 per cent 2.26; 1 per cent 2.29. Car receipts: Wheat 87: barley 2; flour 3; corn 5; mill feed 2. Salem Quotations BCTTERFAV (Andrtwia'a) Premium .S3 No. 1 40 EGGS (Oregon Iff Producers) Price to farmers are S to tents under these wholesale price) t Jumbo A Extra Lars AA Larf AA Lars A Medium AA , Small A POULTRY (Northwest Poultry ) Colored Hent . Leghorn Hens Colored Fryer Colored Roaster Old Rooster n , ji JW ,S4 .43 J .13 .11 JO .20 .OS Late Decline v Mixes Stocks CHICAGO, Sept. 27 III - A late sinking spell caused a mixed close n the Board of Trad today. Soybeans still bung onto a part of their gains at the finish but wheat fell back rapidly, the De cember future closing with a loss. Rye's gams were cut. Wheat closed lower to H higher, corn tt-H lower, oats lower, rye 1 to 1 higher, soy beans 1V-1 higher and lard I cents lower to t cents a hundred pounds higher. In the eany price runup May and July wheat hit new seasonal highs, although May did It only by cent. Dry weather continued throughout the Southwest and this was the main Impetus behind wheat buying. -i , Traders alto noted that farm ers bad signed up to retire 1,997,- 000 acres of winter wheat land in the soil bank through Sept. 2L The deadline for signing contracts is Oct. . Grainmen were inclined to view these figures as mildly bullish. Chicago Grain CHICAGO. Stot ST UN WHEAT Ope 1 30-30 y. Clese S -' Marcn .... ! ,, . i s aa-u May , , ,1.33 -34 S 34 July J 27VJ 1.2 COSIN December SS VJ l.ST JS March 1.3 I.4S Mary 1.4S a 1 45 a4 July ..- !. J.47 OATS December .. , . II .TO H Marco M ,. U Mary TS 7 July TS 7S1 'HVB December . !. 53-S2 J Sl March 1 55 154 W4 Mary , 1.54 a 1 M i July I SO 1.S1 ft SOTBIANS Nov January March Mary July v0 ST-S7 .. S.43 'i- . 2 4 2.47 a; 142-41 3 45 J 47 14S, Chicago Livettock CHICAGO. Sect. XI IM (TJSDA) Hoc ,5O0; XS to SO lower oa butch ers; aows steady to SS lower; moat No 1-No S 300-2W lb butcher IS 80- 17.00: aereral lots Ma 1 and S S0O-362 lb aorted for trade 17.00-25: few mixed trad lot 170-1SS lb 15.7S-1S.75; aows 14.7S-IBU. Cattle S.OM: calve, ane: ttaer and heifers weak to fully to lower, cow steady to go lower; bull steady to weak; vealers 1.00 to 2 00 lower; atockar and feeders steady: half load prim 1,125 lb stoers 30.00; food to avorsf cholc S0.00-3S.00; choice and prim SSS lb half era 34.50; food to averar cnoaea li.oo.2i.oo; moat utility and commercial cow S.29-13 00; cannen and cutler 7.N to 1 M; bull 13 50-14 00; food choice vealers 17.OO-21.00; few load med iums and food TTt-SM lb fsodlnf steer. 17.0O-1S.2S. Sheen 1.0O0: soruiff lamb ateadr to atronf with the top 50 hlfher than yesterday: food to prime (print lamba 1S.00-22.00; cull to low food 13.00-17.50; thorn ewea 1 5M.S0. Chicago ButteEggg Butter steady to firm: receipt 73. 000; whole,) burlnf prtce un chanfed; N acor AA 1.VW,; fl A SO ; 10 B N40M M C 17-M. Effa weaker: receipt .100: whole sale buvlnf price uachns4 to 1 cent tower; M-IS. par A whit 39-44; mediums 32 32 Mndara SS U; check 34 -S7. I Chicago Onion CHICAGO, Sept. IT US flnai Ul t e- Nor (old) l.osN Nov (new) 105 1 OS SS M January 1.13 1.11 1.6S 109 reDruary 1.25 1.23 I. IS l.l March .1.33 1.11 US IS N Nominal S&fenntT-, $$timt Ore- FH, Sipt Si4 JTUK A Group Disp Plagued Day And IlightwithBladder Discomfort? Saeh aeasaaao tkhw aa asw Is eatlat er drinkla mar he a aoeree ef aalaV ha aaneylaf Madder imuilewe aiafclnf m M nallsaa. tonaa, aeowifanakl. A4 it raathaa sarhta. with saaciat aackaehe. haatasha er laasalar aahaa nfl aeiaa due to oeee-eaaruon. etrab) ee aaasduaal paat, are addles to roar barf das't watt whi riua. ou'a Pub k tfcra oajtotoalla? a. oaelaaaa eat tat thraaways feefeeratsaar retar to enafeet, I-Tkey have a eaataf set, hi effect kMdar IrrlUtl SA faat paia-raHeelf aetle , mania baek- ache, heanaahaa, asvacular oehaa aad selaa. l-k wearf-Uy aalM dha ia aetlaa ihra the kldaen t taodia to Isnaaaa the eotnt ef the IS aillaa af kidaey tabae. . get the aaia asr relief asillieee hove asjerei fa over 4 ymn, Aek tor sew. ton,, ituiier aiaa aad sera aaeaey. Get Deaa'sP lilt today I THIS BEAUTY'S BQUwaudqjS i v!'!',l',loTl Looks, ride, drive . i ; you'll never do better than7 Pontiac especially right now! Get up to 227 h.p., 124' of road levelling wheelbase, luxury-car size and beauty in this glamorous go-getter with prices that start below 43 models of the "low-priced three"! . PONTIAC RECENTLY IROKE W NASCAR ENDURANCE AND SPEED RECORDS AT lONNEVILU; UTAH ROW IS THE TIME TO TRADE SET THE REST IUY 0P THE YEA! ON THE MOST EXCITIM CAN OP THE YEAR! Taggesell Pontiac Company 660 North Liberty it. ' Salem, Oregon . Protests osition of ' ; Liquor Charge PORTLAND, Sept. V J - Offi cials of Um Oregon Temperance League sent a protest Wednes day to District Judge Ray D. Shoemaker, regai ng a 17-year-old boy arrested for possessioa of liquor. . The league laid it objected to a decision by Shoemaker In drop ping charges against the youth because he is married and the father of two children. The Judge said the Temperance League had bo right to question bis Judgment. "I say this boy was not guilty of an act," be said, adding, "It is my opinion that any maa with a family and a Job, who Is sup porting his family, doerat come within the spirit of the law prohibiting- minors under 11 havint? liquor in their possession." . 1 Red ;(Mni Chiefs tistecll HONG KONG, Sept. V -Red China announced today the mem bership ef its Communist party's new 17-m ember Central Ccmmit ' tee, committee whose main aim is to whip the Chinees mainland ; into aa Industrial pewsr. ;Th. ' chairman is Premier Mao te- tung. -. 1 Radie Peiping broadcast this first official, list of "Who's Who" In Red China since the Peiping regime published n roll of the old it-member committee in 1951 ' ' Every man on the 1953 roll-except two known to. have beea. purged last year, was asmei to th new committee. Indicating the Red Chinese hierarchy has re- - mained fairly intact. . , , WAREHOUSE FURNITURE CO.; SAYS..; - hi 1 - '..' JV )o WE ARE NOT GOING OUT OF IUSINESS! WE ARE NOT LOSING OUR LEASE! IJ AT MOVING TO A I ... WE ARE IN U I NEW LOCATION! WE ARE NOT CLOSING OUR WAREHOUSE! WE ARE NOT ASKING MEMIERSHIP! BUT WE DO HAVE.. The Lowest, Lbtr, Low Overhead Furniture Prices! Warehouse to You! 0 Every bo dy Invite d! c Compare These Offers Anywhere! DAVENO & CHAIR iia 1 1 FAMOUS NAM! - 5-Pc Chrons DII1ETTES FOAMEX REVOLVING ROCKERS Warehouse $0 C Price - I S-PIECI BEDROOM GROUP The Works I END TABLES H WiltrlOUH WW W MATCHING FLOOR LAMP 2 Table Lamps Ware Price Wsrolwus Si ASS T reo. m.w 2-PIECE U SECTIONAL 139 1 Warehouse Prleo I REO. 439.00 3 Completo Rooms- Qualify Price T Warehouse SO A ft mmmM REO. 12.00 FLOOR LAMPS Warehouse Price ... 8 Fomous Nam FOAf JUEZE MATTRESS and BOX SPRINGS r$59 24 Months to Pay! Free Delivery! Low, Low Overhead Prices At HOURS: Tuos., Wed., Thurs.. Set. -10 A. M.-S 30 P. M. Mondays and Fridays , , , AMt P. M. Sunday, Sept. 30 I P. JVU5 P. M. WAREHOUSE FURNITURE CO. 610 North Capitol ' . One llock North of Cspttot Shopping Center w i sis! fix? 7