Business News
Bibson Reports;
Outlook Good for High
U.S. Crop Production
(Ceeyrlikt Il1-Pui,,r, riaaerUI Buraaa. kaaereaeaUSI
BABSON PARK, Mass . Sept. S-Except In1 a few more or less
restricted sreas, weather and crop condition hav improved ma
terially la recent week. The outlook now is for total U. S. crop
production Close to the relative high average of
th laat five yean. Here are a few hifhjifbu la
th over-all plctur. ai 1 tea Uiem.
WHEAT AND OTHER GRAINS
! look for a lt7 V. I. total wheat crop of
around 15.000.000 boahela-dowa I per cent from
the 16 outturn and nearly X per cent under the
1M-It65 averaie. Thii ia still a rlativly larfe
crop, line ia seven of thoaa years production
topped on billion bushels by suable margins. The
current crop cornea on th heels of a total V. 1
carryover on July 1 of tof 000 son hneheia ,..
tieally onouili for a wool aeason'i norma) requirement. Moat of
this wheat, however, la la government hands and win not glut com
mercial channels. I do sot believe lr current crop will prove
burdensome.
Mother Nature has been klaxl t several of the other fains.
Outturn barley, flaxseed, oats, and rye may exceed the 1MI-19H
averaga-oaxley by 41 per cent, flaxseed by 7 per cent, oats by t
per cent, and rye by 10 per cent. Total supplies of these gr'n
for 1M7-1MI will laaa toward the easy side. American housewives
should have plenty ot new, class -sweeping brooms this year because
th indicated crop of broomcora is well above average. However,
popcorn devotees may have to curb their appetites for this Rem;
planted acreage ia 14 per cent below average,
CORN, DRY BEANS, AND RICE
The outlook for the nation's corn crop la relatively good, but the
outturn, which la estimated at around l.OM.OOO.OOO bushels, may be
about If per cent under laat year and slightly below average. Weath
er betweta now and harves time must, of course, be reckoned with.
Supplies will be easily adequate for ma 1M7-1I6I season, since total
corn stocks recently were at aa all-time high for the date, a! 1.
M.OOO.tOO bushels. If the aog-corn foed-ratio remains as favorable
a it is now-u 7 to 1-a lot of com will be fed this fall and winter.
Meanwhile, old-crop com prices may average somewhat higher,
but ! forecast some seasonal weakness In new-crop corn this fell
Ttie outlook for dry bean xoduction Is leas favorable than a
year ago. The crop, which is harvested in the fall, may be around
only 11,100,000 baga-dowa I per cent fr.n the 1H outturn and 1 per
cent under th 10-year average. Since the carryover will be rela
tively small, total supplies for 1K7-1H should not be excessive.
The indicated V. t. rice crop af 40.3OO.0O0 bags (100 pounds) is IS
per cent under the Hot outturn and th smallest crop since 1K0.
This could meaa a fairly tight statistical position sometime next year.
COTTON AND SOYBEAN!
American cotton farmers in recent years have learned well the
art of intensive cultivation. Even on th smallest plaoted acreage
In many years, high per-acr yields this year may give them a crop
of about U.fOO.000 bales. This would be sttable. although consider
ably lea than Indicated domestic conaumption and exports la
1K7-1MI. This points to another substantial cut in the still big
carryover next August 1. Prices may weaken moderately during
the heavy marketing season in the weeks ahead, but should re
cover thereafter.
Despite record -high soybean acreage, the 1M7 U. S. crop cur
rently estimated at 4M. 000. 000 bushels-is ( per cent below the IK
record outturn, but M per cent above the lo-ycar aersge. Since
stocks la all positions were recently at a record peak, there should
be no dearth of soybeans in the crop year beginning Oct. 1. There
Is no basts for sustained price strength at present, barring serious
crop damage.
FARM INCOME OUTLOOK
Farmers' realised net Income in th first half of this year iu
at an annual rate of about 111.100.000,000 up 14 per rent from the
correspotxiini iM figure Whether th second half will record
a further gain is doubtful, ia view of trie rising trend of production
cost and the difficulty of offsetting mem through the practice of
further economies The efficient farmer, with well-diversified crops,
should, however, far as well as th average manufacturer or merchant.
Portland Produce
PORTLAND OP - Buttorfat -Tentative,
subject to immedlat
ehang Premium quality, deliv
ered ia Portland. 00-tl cants per
lb. first quality, 170; second
quality. 11-11.
Butter Wholesale, fob bulk
cub t wholesalers - Crad AA.
IS score, 54 A grade. (4 score.
Wi: B grade, to score. 17: f
grad. M score. M
rheea - To wholesalers Oregon
single. 41-41 lb, Orego 5 lb loaf,
Eggs - To retailers - Crad AA
Urge, M-M. A Urge. S0-U AA
medium. 4M7. A medium. 4M4.
A small. Ml. Cartons 11 rents
additional.
Egg To producers AA large,
4M7V; A large. 4o-41Vi. A med
ium. 1W7H; A small, nv.
Live oultry-Ne 1 fryers. H,-4
Ihs. 11 st farm, light hens, t-t
at farm, heavy bens, 1111 at;
farm; old roosters. 74. j
Turkeys - T producer - l.lvej
ktfM h-vera 17-aV young hem
a a eviscerated basis. A terns
IS eviscerated
Rabbits Average grower.
Uv whites, 14 lbs. M. col
red MR 4 nU leas, eld dons.
-a few higher Fresh killed fry
ers t retailers. at-; rut up. -at.
Wnei-Namuul. clean basis. H
Mead, l.lt-ll. Wood 1 -17;
bleed. 14S-4S; fls. 145-M
tUWIi Draaatd Meat
Beef rare - cheie,
rt,7t lb. tM2K: good. MM
41 M lUnaard. H 00-1I enm
merrial rewt SfaVM.M; utility
II On-Il H. eanaers nd cutlers.
17 4W M
ReW cots choir Hlad
quartr. lMlt; rounds 44. f
470 (all asms, trimmed Tie
Ttat. Iareaurtr. BV"
ctaefca. Mr; rths. 4liMl -
OS
Lambs bprieg eaeiee-prtme
41 -44 . good, n vrts. 17
40 S
Pork carraaae Shipper vle
13M7 ihs lloo-Me
Perk cm, - Loins. ehntc 1 2
lb uorVMM ihouklen is lb
aewa. Mo-l. eearerib. Jl
U S fresh hams. 1B-M .
MA) Sab been AH wta. M to-at
Val and c)vs GeaeVeM.
Q wt. at SMI SO. Staadard. .-
-.
Fresh fpsdue
Osseat Wsjk. YeQw lb
k mad 1 7V1; If. lR-i"
Petateas Vsek We. t-A. 1M B .
IMS bakers " B). -
Hv Na J gree sKatfe new
erap. KaikMl I Perthi".
Portland Grain
Investment Trusts
'Zilkt. SmKMr Ce . Im )
VWutMl nu
CtMiMll FWI
CMIury Snr Truit
Chemlcsl Fun
Dtlawira rue
Dlvtr invest Fund
OlvMend stiarei
Cttaa It. KaL Tun
gat In
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Inorp lavettAra
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NaU Sec. Sanaa
lnrma Sanaa
Mart Sartta
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Finaaar fan
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Value Una Inr run
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Western Securities
Tfct htd nd uh )u4Mali4M(t rs
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part. Caiaaat
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Partlaa Oaj 4 Caka
part. Oaat.
ass
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Bank M Caltfaraia
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Grain Falls
Across Board
CHICAGO .Sept. I lit - Grain
weakened on th Board af Trade
today, Influenced by profit-taking,
favorable crop sews and some
hedge stlliag.
Talk of poaxibl troubl In the
afiddl East, which pushed all
grain futures aad aeybaans higher
yesterday, had littl ffect oa to
day s trad.
New crop wheat closed loe er
to 'i higher, corn H lower to W
higher, oats unchanged to a high
er, rye V lower to l higher, soy
bean V to lk lower, and lard
I cents lower to 11 cents a hun
dred pounds higher.
Profit -taking was attracted fol
lowing yesterday's late upturn.
Buying of wheat was credited
mainly t flour mills, although
some buying was attributed to ex
port interests. Also, cash wheat
was steady to firm with durum
grades up thre cents a bushel In
th northwest market.
New
York' Closing Stock!
htarrra Lnca. PMK. rea t4
Admiral Car .
AI Cham m Dr
Aula Sua
Ailia Cham .
Alraa
Aluanunim Ltd
Am Airlines
Am Caa
1
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44a
31
Sl,
Chicago Grain
WS1RAT (OM)
9CpMlafn aMC
DBC4tnbatr
WHEAT (Naa)
Sapwmbar
Oacambar
Marak
May
July
coax
Septambar
Dacembar
March .
May .:
July
OATS
Septambar
December -
March ...
May
STB
Septambar
December
Marc
May
SOYBEANS
September
November
January
marcn
May
Oae
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Chicago Livestock
CHICAGO. Sept. I - ( 10 a I
Hoca 1.10; butchera IS to 90 lower:
weak to moatly SS low.r; No. 1-1
mUj 1-1 SOS-US lb butrhen Sl.TS-
IS; las II SO; mlea fradaa ISO
is lb ilss-is.il: eowt llw so tl
Catue I. SOS; alsufhktr eleert an
hallor, itaady ta at lawar: moatly
IS to S lower tkan Waanaadar sen-
oral market; row, oc-ene ataadv to
ts lewer: bulla weak ta mn.tly SO
Inwar; vralera ateady atoekera aad
reader ataadv ta SO lower: abort lea
prim 1 tat lb led ateer, n SS; scod
and rhotce ataara 11 SO U Oft, eotna
atandard ataara down to I SS; f.d
and enatra keilara SO SO-14. OS; atand
ard to low fond Kalian 17 SO-SO. SU;
eewa IS IS II 00; cannar, and rut
tar IS 10-11 SS: bulls II S0-1S 00; food
and coatee veaJers XI 00-M 00.
Sheep 1. 000: moatly atradv; wnrd
and rhotre natle aprinf la-th n bn.
U 00 utility and low food 11 00 I. SO,
lauftiier ewaa I 00 00
Chicago Butter-Eggs
CHICAGO. Spat I m - (USD A I
price, unrbanfad: SS acore AA SO',
'.; SS A MV. SO B SI', SO il
C IS. SSI.
Cffa ataadv- whnlasale Mllina
pricaa unrhangad: s per cant or bat
tar a wrute 47 -4a. mad rum, jr, J,
atandarda S4i check, n1, IS
Chicago Onions
Oaea Nlfk La Claaa
Novemhar I 11 111 I SI IN
Januarv MS I 4t I 44 14
February I SS 111 I M I M
Marck I St 1 as la I SS
Am Cyan
Am Motors
Am Stl Fdr
Am T aV T
Am Tobaeee
Am Vleeoe
Aaae Cnppar
Armed
Armetir
Atrhceoa Tap
Area
Bandtx Aria
Bt rood, ...
Balh Stl
Boainf Air ....
Sordan
Borf Warn
Bucrrua
Burro Addmf
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Campb Soup ..
Can Pac Ry
Caae J I
Caterp Trac
Celaneie
Certainteed
Chaa 10;.
Chi WW K t
Chi R I, fty
Cbryiler
Citiaa Serv
Cllmai Moiv ..
Cluett Pea
Cora Cola .
Colf,t
Com Credit
Comw Cdlaea
Coo, Edieon
Containar
Cant Can
Cont Oil
Crane C"
Crown Zell
Curtlaa Wr
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Deere k Co
Die Match ..
Douf Air
Dow Cham
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Cmer Radio .
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Gen Motors
Caa Tire
Geo Pac Pry -Gillette
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Goodrk-k .
Geediraar
Grace WR . ...
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Cult Oil
Homeelake M .
Int Harveat
I Inl Ntrkrl
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Lift M.vera
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Lockneed Air .
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Marak rield
Merck A Co
Monl Cham .
Mont Ward
Motorola
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Natl Biacuit
Natl Ca,n Re
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Nall Dutill
NaU Lead
NaU Supply
NY Central
No Am Avia
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Pan Am Air ...
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Phalpa Oorlf
Phtlce Corp
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ReyaaMa Mat ...
Royneiee Tok ...
Rtekfleld O
Royal Dutch
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St Joe Lead
St L Sf Rv
St Rreia Paper
Scheniey lad
Scelt Paper
Seare Roe
Sball Oil
Sinclair OU
Skellv OU
Saeaar-Mob
Sea Cal Edl -Sou
Pac Ry
sou ny
Sparry Ran
SHd Prtndl
laid OU CI
Std Oil Ind
'ltd OU NJ
I Stude-Park
Sunray Oil
Sunaluna M
' lft A Co
'Syhania El
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Texaa Gulf
Totron
Tide-AMo
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'Trana Wa Air
Twen Can fn
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Union Carb
Union Oil
Union Pac Ry
Uni Aircraft
Unl Air Uaea
UtU Corp
Unl Prait
US Plywood
US Rubber
US Steal
W
Warner Pie
Weak Water P i
Weet Air Br
Waatara Air
Weatera Elee .
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UAL' Official
Promoted .
Thirteen year service with
United Air Lines at McNsry riald
in Salem ends this week for sen
ior steal L r. McLaughlin. He
M beinf traasferred today ts San
rrancisc aad promoted te super
intendent of air freifht.
aicLauf alia came I Salem from
Medford a moath after Joininf th
tnited Air Lines in 144.
airs. McLaughlin sod the two
boys, Larry, student at Leslie
Junior filth, and Or!, student at
(aTour Corners elementary school.
! will leave when sal of their
Salem property is complete.
I "
I Dealer Named
Area Chairman
Herbert Stiff to
Take Over Store
Herbert L. Stiff Jr.. associated
in operation f Stiff Furniture Co ,
ia Salem for about 11 years, is
leaving here to take charge of th
Stiff furnttur store In Albany, tt
was reported Thursdsy.
Stiff and his mother, Mrs. Rose
Stiff, hav operated family busi
ness enterprise since th death of
Herbert L. Stiff Sr., some years
ago.
Stttesman, Smlem, Ore., Frt, Sept 8, 1957 (Sec. IH23
RuamII F. Bonesteele. Salem
autornobtl dealer, has been
named Salem area chairman for
th National Automooil Deslers
Association
Hat appainimcnt was announced
by th president tl th 3d 000
mmber orianitation and olficiali
f th Oretoa Automooil Associa
tioa. BxMtMtcei will sens until
June 30. IM.
UnaaataeU will Inform the Sa-
hem area dealers on the ailairs of
the orfsnisatioa sod be in chart
at recruitini nw members.
Oil Firm Names
Representative
I'nion Oil Company of California
ha announced through its district
office the appointment ot Charles
D. Barthoiornaus as Salem's new
retail representative
Rartholomaus is married and his
wife, Margaret and daughter will
join him here as soon as a horn
is located. He has been with the
oil company since 19&S ia Portland
Salem Quotations
D-Day Secret
Kept 13 Years
PENZANCE, England, Sept. S
jP Stan Hendra retired today aft
er 45 years si a British railroad
cooductor and mad public his big
secret he had found the plans for
the World War II Invasion of
Franc severs! month before D
Dsv He told reporters the plant. In
an envelop marked secret, turned
up in a first-class compartment on
a train speeding from London to
nouthwest England where the Al
lied armies had gathered for the
invasion.
Th station master at Pcnunc
opened th envelope, took a last
look inside and tummooed the
army. Hendra Mid he and the sta
tion master locked the plana in
the station safe and stood guard
until a small military fore ar
rived to take over.
Hendra said he never found out
who lost the plans and what hap
pened to him.
Security Council
Approves .Malaya
UNITED NATIONS, N.Y.. Sept
S uP The Security Council today
unanimously approved newly in
dependent Malaya for U.N. rnern
bership. Its recommendation goes t the
11 nation General Assembly open
ing Sept. 17. Malaya Is expected
to b elected there without distent.
Stock Market
Prices Down
NEW YORK. Sept. I UP. - Ex
treme cautioa continued to pre
vail on th stock market today
as turnover stayed near the lows
of the year and price gave
ground moderately
The market was on the down
side all day but there was slight
improvement la some stocks 1st
in the session. Turnover quick
ened s bit as gala were made
but closing price were below th
best of tb dy.
The declin was fairly general,
with key stocks registering louse
of fracitoa t a point or to. The
gainers war layabout the tame
range.'
Th major statls managed to
come out a bit ahead for the most
part. There were small gala for
some motors, oils, radio-televi-tlon.
utilities and selected Issues.
But the tone of aircraft, rushers,
nonferrous metals and chemicals
was- mostly lower. Melnwhile.
leading rails declined, setting
new 1M7 low on average for this
group.
Volume w sj only 1.410 dot)
share, far below averag for the
year, hut an improvement over
yesterday's l.MO.ono than which
was the smallest sine October
1M.
The Associated Press average
of 10 stocks declined M cents to
II71M.
Stocks ind Bonds
CwWafat)sS fty VaM AltMtslMtl fTTM
STOCK AYBAAGES
M 11
11
laa Rail, imi Stks
DM 0 .1 0 .1 0 J
SMI in -m.i ins
SM I lit I 71 S IT
smi ni t
St I IM 1
nj iia.1
SM I IM 1
It t 111 !
IT I IM
Mt IM 1 M l 111.
lew INT km.
Hal Chan
TTiureeAy
P rev laaa Day
Weak Are
Maath Afa
Year Afa
1S7 Nit
ISM Law
iso iifk
me im
--Mew
til 171
ti t 111 4
14.1 IM
77 I IS 4
I 71.1 IM
111 111 I
BOMB ATBSUaBS
M I IS N
Baa toawa VWt Prta
Net Chant Uack Vack Uack Uftck
Tharatav
pTavteu, Day
Weak Aa
Maatk Ate
Tear Ala
issi Hit
latl Lew
is Imw
Ml
Ml
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Mirkits it a Glanct
KW YORK. Sept. I I
Bana Mlaa; favanunaau lawar.
Cattan QuMt. akaafaa aarraw.
rRICAOO:
Wheat Mue: aatwamaar war.
Com Mine. September klfner.
Oata Meetly kithar.
Sovbeane Lewer.
Ha Lawar
Cattla Laoar.
Dow, Jones AvcfJQCi
NIW YORK. Sept I Be
Jnnea eleauif atack averaiaa:
Rlfk tew Clee
Induatriala 41 M 471 71 41 II
1 1 UtUttlaM " 7
tS twkT IMMIMIIIMT
38S
Portland Livestock
PORTLAND i LfDA Cattle
salaM IM). uppry Includes an
load fed bet fen mnetty chelre V
Ihs H S ne lett on fed steera
utility aarl cnenrnerctal cowt 14 "A
14 ft rannert and rut I en !
IJ m
i aive aa.ahla W fully ataad
rhnire veelert MM MM. nn1
?1 Oft J an
Hacs Miaht IM 11 grads
hutchars steady SaVH. snued
let streeaj U M atgher HMat
few 1V4M ft saw, llBe-HM
Bp HlakW M. ttaarty. m
tawt ) tMa tarlaf avnh
mxee ana eatea a-n geraj
sprintan -, feed aad
Chear feeder MM-IIM: oU
fnnd llaXigMer ewaa IBM M
Marion County Granges
mum mm
?D naq featuring Oregon grown
ti HU a ,ruil 1UHl vvatabl99
Th re-al lTrophe'rp n a fnnrri mtrket right hrr at Mfitn 4c
Frank 1-SaVm whrtf on will he? ahlf to ln Frpsh Fniiti irvrl
Vpgrtahlr. delicioiii Hom Bk?d Pui, (Iakt tnd honcit to ood
tiens home canned preserve!. Many other items tucn u Hotn) Sewn
Goods and Fresh froduc) will ht available in our Fanners Muket
in the patio ihoir-Vfr.d flrxw.
ATVO eMO-iKOMO KOO
Auatraliaa aborifiaes. Mm us
ually to Bud, now are wearitag
chxh. Kavtag a pair af paau or
a aturt rais their social pretig.
BtrrrtsrAT (Andraaenn
Premium . . l'i
NO 1 J,
GGS lOrefM Iff Praduceral
Price, to farmers are s to f ceats
under theae wholeaala pneet:
Jumbo A t
but Larse AA J
Larte AA J
Larta A -M
Mattluia AA 1
Small A Jl
POUITBV (NettfewaM Paul try)
LecWa Heae J
Catered Beat - 01
Rublt Talks Btgin
NEW DELHI. Vpt. I l4 India
and Russia have opened discus
sions on hew, tt use s SO0 million
rubl Cawdk Moscow ha offered
India for five project t be built
in 1SSM1. At official Moscow
rate In rclatiaa to th American
dollar, th ruble It valued at X
cent j. but k It variable.
Farm Prices
Dip in Report
i CORYALLIS. Sept. I - Costs
remained unchanged, but the pric
es Oregon farmers received far
their product dropped a little laat
month, th extension service f
Oregon Stat College reported to
day National farm price wr up
slightly in August compared witk
the previous month. Nationally
and in Oregon, price were higher
than for August, ISM.
I Th average price In per cent
ot th pnty price for comiTiooV
tie grown in Oregon included:
Hogt per cent, apples t, milk
sj. wool U. lambs 12, beef cattla
11, butterfat SO. calve 71, wheat
7. potatoes 74. eggs Tt, com at,
chicken 17, oats . sheep 5. bar
ley and turkey each si, sod ry)
W.
Harmony House Inlaid Linoleum
mv itEV rthia m ifev m
mJ0 .S$li
' . . . -
-'
-1.
i ' 'a, : -"..
A - ""Vale'
.a,
Completely
Installed!
...AND ONLY $5 DOWN!
tZSIA ft 12 ft.
dvrit.nf thi roots lit prlc aelect aad order your inlaid lino-
Heavy inlaid linoleum with dear, bright. Iade-ritant colors. Tsk
leum completely installed from Sears today
Wa Cut It re Any m Sis
tk-10-ft., cemaletely lnll1, far only
all-ft., lemaletely mtllal, far only
ii1S-ft (eenaietely lnralUt, far Mr. . .
tatS-fi., temaietary intllt, far ertly
llall-f)., ams4elary lnwrlal', far eetry
1 Sal 'ft., templetefy lnaett far only
If
: as
amai 111
r
gi,-... , t f
-" '-''- . 1
. - I
v.. 1
4fa m "
1 ,
r-' AaW'V yy ijpwy, wty, a U a am mwa
Wi X.
h"Mt ll-- m sy
TOHTUJO - fear r"
U-titw sMi bulk. ever
ary: Oa Ha. t wkate 47 M
OnVtfaV B. T.
ta
weeat rbU) m arrre autrtet
baat Na ' railt Arlivere
Snfl hii 117 W' White et
t urtint J 17 ""e f Hik
! 77
Ha real a inter OrlinarT 1 1
1 per rev lwl. 11 per rae 1
I pee rent 1 M
Hard whit heart Oraav7
IU. I per real m. n par ret
tat. Lt saw ewa 1st
Car raewept Wiaal IM. barirv
S. Saw U. aeri 4, eat t. Bl
leett A
MB aVM. Mi t JS. A viLHV
Wallcovering So.t! ffil'
rotactrvtj Cnomal Swrfoca atf ml m
(sty ) Install, nd oconomktf. tool Harmony Hexit vv
mi sur4r wllcev'injt In dw O'ty av rr" b
miot gen. lumhin yllo, rcri Protartie me-si !"
at S't low priret'
IJ-t.
Widt FloorcovenngEj
Log Weorinf Enomel Surrex a M 0
fi -a . n ,' '.fk rem tLrtor lexyrovenng to tk
i ! e- VV pet 'lean eat y a -ei't tficvtt i
t.r s-eia ,ea ' e ra"'-t 'nh e1
ha- k
M' SIARS550 N- CaPilcl m 3-9,91