Capital journal. (Salem, Or.) 1919-1980, July 14, 1925, Image 8

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Capital journal., July 14, 1925, Image 8

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Newspaper Page TextTHE CAPITAL JOURNAL, SALEM, OREGON HEARING ORDERED ON RAILROAD RATE INCREASE PAGE EIGHT ARE TO PRESENT Wrwhinpton, July 14 (AP) Taking coKtiizanco of petitions of westet n ruJIroiicIa for rnte inore;ic.s the interstate commeico commis sion today ordered special inquiry Into tho agricultural and transpor tation situation in the west. Tho hearings will beKin at Chi cago September 1 before Chairman Aitehison of tho commission. Petitions for increa.stvi were fil ed as briefs In answer to tho com misHion'B inquiry under tho Moch Smith congressional resolution which directed a revision of the general rnto structure If tho com mission found Buch a step necea eary. The commission declared It should first confer with the west ern dletrictH for the reasons: "To (leternilno what product) of agriculture increasing livestock are affected by depre.sion. "To determine whether any rates fares or churges, either on partic ular classes or kinds of commodi ties or classes of traffic in partic ular sections or between particular localities in tho western district or otherwise may lawfully bo used or required to be Increased and nl co to what extent in order to com pensate for such rate reductions. If any, ns may bo found proper. "To determine whether any rates fares or charges may lawfully be authorized to be Increased in order to effect such Increases In the revenues of western carriers us may be found proper." State commissions aro cooperat ing In the Inquiry, but the notice today invited representatives of all other Interests to participate. Car riers wore notified to bo ready to go on at the first hearing submit ting their statistics of operations, showing earnings and traffic since 1923. Tho western railroads, In com plaining against the level of west' rn rates ob too low, contended "Since the passage of the trans portation act of 1920 these car tiers have not earned and are not now earning a fair return upon the aggregate value of their properly Notwithstanding that they have been and aro now operated under Honest, efficient and economical management their earnings have been and are such that It Is Im possible for them to maintain on adequate transportation system and they are In need of nn Immed iate increase In revenue." After tho carriers submit their testimony at the Initial hearing In Chicago and their cross-examination Is under way a short adjourn ment will be taken anri at tho ml. Journrd hearing opportunity will oo niroroeu further cross-cxamlno tlon and for Introduction of direct evidence. The commission announced that If parlies, other than tho carrtors dcslro to introduce evidence at the urn hearliiK thev shouM iwivim- the commission or before August Auxiliary proceedings have been Drought In behalf of the 74 prin cipal western cnrrlers before rail road commissions in several elates. Including Arkansas and Ivansns How far the state commissions win cooperate with the federal rum mission in ndjusllcating the matter was not mailo clear by the cum mlsston'a announcement tortnv. It wiui elated, however, that the state commissioners were coopernitng between rato structure lnvonil.m- tlon and tho western railroads wore iunner instructed to prepare data for the Chicago hearings, separat ing mo irnnic in Interstate roni merce from state traffic. Salem Markets i.'oinplltNl from report ot Ka lent dealem for lite guidance or Coplml Journal renders, (Revised dally.) Wholesale rrlees Grain: No. 1 while whoat $1.31 No. 1 rod wheat l.2U (sacked). Meat: Top hogs 13c; sown Iv.bOfy 10. &U; dressed Iioks 18c; toil tec is Cc; cows $ 2.5 (Hi1 ft. 00: bulls IViUf-Jc; sprlnn In nibs, SO llm. and under 9ty9c; heavier veal 77 4n; drtwnl veal i:W Poultry: Springers 'Of 20c; light ben 13(i l.ric; heavy bens 1 8 qj old roosters 6c. Hut t erf at 4bc; creamery butter 'Wc; eggs Utie; standards 28e elects 30c; milk $2.11) cwt. Vegetnbies nnd fruits; Canta loupes $3.1! ft ifi)3.7B; watermelons So lb.; cheriie. Itintrs 1 ornngra $7.76fii'K.76; lomonds $8.00 i'.00: grapefruit $9.00; bananas ttc lh.; apples, extra fancy Wine ftps $4.00; peppers :uc lb.; pens c in.; new potatoes 2 cents; aplnach 7c; bunched vegetables: beets, mm it a, turnips, local 4Q rK0c; beets, carrots, onions 30 fir 60c; radishes 2Mi 40c don. bunches tomatoes $4.50 30-lb .cm to or ISc lb.; green beans 10c; lettuce, dry pacK, crato $ l ,7b 2.00; Una- 80: cucumbers, per do., hothouse II. If) Iff l.6: Orenon celery $1.00fir 1.25 doe.; old potatoes $2.75; snrk- o vegetanirs: hoots, carrots ruta bagas and turnlpa 3c; vHlmi onions, per cwt., $5.00; local nlng, $2.00; plums $1.50 for 4 bas ket crate; home grown cabbage c; new yellow onions, flo by Rack low onions, per cwt.. $5.00; local cauliflower $2.00 crnte; slrnvvber Ties Sl.75ty2.60; Oregon anil eols $2.50 per box; can ning $; plums $1.50 for 4 basket Crate; home grown cabbnee 4e; new yellow onions, flc by tho snck: fresh parfley (iOc dozen; local eel- cry UOc Iff $1.25; ensabas 6c ; local pearnes 20c basket, water pe-nch 11.00 era lo. GERMAN FAIRS PROMOTE BUSINESS WITH NEIGHBORS Cologne, (ict-innny. The epi demic of fa 1 1 a whlrh Is sweeping ovor Europe he.a at ruck CoIukiio, which has Just hold lis third ex position In lens than two yonrj Time was when (rermon cntorprla In fnlra waa limited to tho lil atahllnhod fnlr at Lelpalc, with Frankfort a a second rnte con tender. Now there aro regular spring and autumn fairs In leip Ic, Frankfort, Berlin, Koenlus benr. Drealau, Dnntlfr, Cologne and several other cities, I Corn Prices Are Up Again A short corn crop Inst year brought higher prices for the little that was for sale, according to the Index of the Seara-Koebuck Agricultural Foundation. In spite of the better prices, there has not been so much corn going to market ns a year ugo. Usually there Is Increased marketing of corn just after planting time, but not this year. The corn was not In the country, and hogs have been bringing good prices so that much corn will go to the market on the hoof. Higher prices for corn does not Bcem to have curtailed the demand, for corn has been disappearing from the commercial channels Ju.st about as fast as last year when much lower prices prevolled. In spite of an Increased acreage this spring, Inferior seed and dry weather indicate nothing more than a normal crop. Good prices for the 1025 corn crop ore confidently expected. Trends jn the Corn Market SmcEKsl 1923-1924 I pima7 '"no s" J'AS0" ojf m aJm j ja soh p jp m am rceiits OFSUSHflS $1.23 45 A y RICE f ii.oo Jl f 30 I I I I I I I I t I III II I I I I I I I I I I 10 $40; BUTTER Portland, July 14 A decline of $2 a ton In mlllrun anil iniildllnK" is effective In tho Portland mar ket. Mlllrun Is now $40 and mid dlings $42 per ton. The butter market remains steady with bio's unchanged on tbe local dairy boards. A decline of one cent In pullets to ,14 cents is the only change In the local egg market. All other grades nro steady with supplies about etual to the requirements Sixteen cents is being paid gen erally along the street today for choice light veal. Choice ligbt hogs still hehl at 19 to 13 14 cents. Re ceipts very Hunt. Poultry receipts arc lliiht and nil classca aro very firm. There a a good call for up rings and hens. MVKSTOCK Portland, July 14 Hogs steady; receipts none; heavy wolKbl (250 to 350 pounds) med ium, good ami choice $1 3.00 (ft) 14.00; medium weight (200 to 300) $13.2fityl4.00: lightweight (1C0 to 200 lbs.) common, medium, good and cholcu $1 4.2.1 (in 1 4.50; light llnhts (130 to 100 lbs.) comtiu.r medium, good and choice $13 00 jfH4.25; packing hogn smooth $11.1)012.00: rough $10.00 f.f 11.00; slaughter iIks (130 lls. down) medium, good and choice $12.501)14.00; feeder and Blocker pigs (70 to 130 Him.) common, me dlum, good and choice $i;t.00rr 14.00. (Soft or oily h)g and roanl log pigs excluded.) Cattlo slow; receipts 50; sleeiT medium $7.25rfrX.OO; common $0 00 i7.2f; ca one is and culler steorn $4.50ift)fi.00; heifers, common nnd medium, all weiuhls $4.50 t . 2 r ; cows common nml medium $4. On fir' 5.50; eanners and cutters $2.0oer 4.00; bulls. food ( beef yeai linns excluded) $4.756i5.75; common to medium (eanners and lmlojrna $2.50 61' 4. 75; ealvw, medium to enoiee mo lbs. down) $!).r.0'(r 11.00; cull and common (100 Mm. down) $(i.00ffii0.50; medium to choice (200 llw, up) $0 50 68.50; cult and common ( 1 20 lbs. up) $5. 50 OH 7.50. Sheep nml lambs ste.nly: rccciots none; lambs light and handyweinht good valley lamb $ t 0.00 m1 11.50 hcavyweir.bt (: lbs. ui) metllum t(. pririK- SK.OOftr 10.00; all web-bls cull and common $0 00 i $S Oil ; vearliug wethers, medium lo prime ami over, medium to prime $-1.50 iMl.00: ewes, eommon to Neb.b-e $3.50615 00; ranner and cull $1.50 r 3 50. ( Abovo quotations exec pi POItTIYWn (CHAIN Portland. July 14- Wheat, hard. I'tueslein, hanrt. li.lt. H. hui.l white $1.45; soil white. wi-Mlei n white $1.43; bard winter, northern sprint; $1.40; wivtein red $13X. Today's car receipts: wheat X, flour 4. oat 2. hay 4. urfTrit and i::t.s Portland. July 14 Ki;c.h firm: current recelpm 31 Wo; pull. -is 2s ftiSHc; 'firsts 2fn' 29 'e; extras 304 6i"31c delivered Poilland. Hulter steady; extra cubes, city 1 6 V4 1 ; statuLmiH 45c; prime firsts 44c; firsts 41! He; undergrade nom pMUmiDlllIMl .A pi , V v. fx 1 1 VV. T. RIGDON & SON, MORTUARY Chemeketa Street at Cottage Katablislicd 1891 S7li!iii:i U lAUlilUUH IlllJiUJUlllii I.UU inal; prints 47c; cartons 48c. It utter fat firm. Befit churning cream 45c net shippers' track In vcone 1. PociritY Portland, Or.. July 14 Poultry steady; heavy hens 24 fa) 25c; light lfi(o19c; broilers 19t)25c; young white ducks 20fo)21c. ONIONS AN I? POTATOES Portland, July 14 Potatoes new potatoes $2.502.75; onions stead $4.004.50. NUTS, HOPS AND CASCAKA Portland, July 14 Nuts steady; walnuts No. 1 28!S32V&; filberts nominal. llO) steady; 1024 crop lO 17c; 1023 crop nominal. Cnacara bark quiet. Now peal 5 '1Gc per pound: Oregon grape root 3Vc. NEW INCORPORATIONS A permit to operate in Oregon woa issued to the Bell Telophone Securities company, a Now York corporation wit ha capital of $1, 000,000. C. 13. Hickman of Port land Ifl aUorney-ln-fjy. for Ore gon. Under the bluo sky act a permit was issued to Clark, Kondnll & Co., Inc., of Portland, to sell bonds In tho mini of $80,000. R 13. M. Sign Sorvice, Portland; incorporators. Ulrtc It. Cirey, E j. HouKhey, V. II. Cope; capital, $1100. J. II. Karlss company, Portland; incorporators, J. It. Kariss, Blanche P. l-'aiise. John 11. Hall; capital. $500; securltleA. A permit to operate In Oregon wns Issued to the Hepublle Truck Sales corporation, a Delaware cor poratlon. N. 1), Simon of Portland Is attorney-in-fact for Oregon. Notice of an Increase In capital from $2500 to $10,000 was filed by tho Alt. Scott Fun oral Home. Inc., of Portland. Notice of an Increase In capital from $5,000,000 to $10,000,000 was filed by tho K. K. Wood bum ber company, a California con corn. ltell Telephone Securities! com pany, Portland, to operate as stock took er. Colu in bin Country club. Port land, to sell bonds in tho sum of $100,000. Oregon Cranberry C3 rowers Co opera live. Astoria; Incorporators. .1. S. nelllnger, A. II. Kieselman. William K. Scliiimpff, K. V. Mc- Mlndcs, l- O. O tills; membership fee $10. Hellenic-American Pbilanthi o pie ami Kducal ional Society for I indies. Port land : incorporators. Matrdalhi Tbodos, Mai la Lam pro poles, Anthy Tssiris. Notice of an Increase in rapit.il from $200,000 to $250,000 was fil ed by the Washington Htlitdlng company of Portland. Crams. Inc., IVillumt; lucorpor. aloiis, U.S. t'einn. .lomea Cram Jr. Lynn Cram, llar.cn Cram; eapit-it SMHH); rcal'y. lielunaiiit M;m aroul company. Port land ; ini nrpi rators, lieorgi A . ma u n , M . K. I .c h ma n n . I. M. I.epper; capital. $2.',tUH). Tho lall i Itivi sttiient comp iny Tlic Da I leu; liici rporatom. Halite S. liico, V. J. Kargo, (ieorgo N. I- ar,K and otliei s; capital, $.10, 000. ill tl yxi d iljivTrVril .AS"""" i rw..u w.S) Jli i ii Silt i fiT! SvTTnTTniTd IN CALIFORNIA 1PR0V The prune market situation In California Is, as anticipated, worst ing into excellent ttlutpe, both an regards the case of spots and as regards the prospect for futures. .states Die California Km it News. Tho Prune association rigged the market very effectlcely In its ar rangement In putting out the low er prices on June 1 and stocks are going out nicely. Under date of July 8, the prune association an nounced that it had at that time a total available stock of 1924 crop prunes, exclusive of the limited reservations made for cartons, of less than 7000 tons, consisting en tirely of 30s, 40s and a few "out side' 60s. In view of the fact that commercial packers have been pructically out for some time, this Ui the whole of the carry-over now and there should be no diffi culty at all In cleaning up. The association also announces that It is out of 70-80s entirely in either grade nnd will advance prices on all sizes that It has left of 1924 crop '4c, effective "July 15 or eoon e.". Over half of the entire hold ings of the prune association were sold during June. As to the future in prunes, the general prospect In California now is for quite definitely less than last year. Up to recently the maximum estimates were for about the eame aa last year's tonnage in this state. A hot spell in California haa ma terially damaged prunes In a num- oer or tne important Sacramento valley counties and there has been a heavy dropping so that today's estimates Indicate 20 per cent less prunes at best in California this year than lost. With the very small crop in tho Pacific northwest, and with no carry-over anywhere on the coast to go Into new crop, the situation as to the future prune maricet nere is extremely firm. On top of tills reports from Europe indicate a small crop in France, probably something like last year. Reference to the damage to prunes in tho Sacramento valley will be found in another column. Tho recent heat wave has notice ably affected the prune crop In parbs of northern California. A survey Is being made by the Cali fornia department of agriculture to detenu Ino tho full extent of the damage, and nlso to see what measures cni. be taken to relieve tho orchards and preserve the trees for tho future, says the Cali fornia Krult News. D. Q. Milbrath, plant pathol ogist, bureau of plant quarantine and pest control, California de partment of agriculture, ia making this survey In Tehama, Butte, Glenn Sutter. Yulm nnd Colusa counties. In some Instances the orchards look aa though they had been swept by fire, says our slate de partment of agriculture. Tho trees were evidently not prepared for the sudden change in climate. Appar ently aa a remit of the cool spring some grower did not irrigate a they should. The hot weather came just as the maximum strength of the trees wa being expended on the crop, and the result was a se ver Injury. It in believed that many trees which look bad at the present time can le saved. Oregon Pulp & Paper Co. SAI.HM. OREGON Manufacturers of Sulphite, nnd Manila Wrappings. Also But chers Wrappings, Adding Machine Paper, Greaseproof, Glassine, Drug Bond, Tissue, Screenings and Specialties. VISIT PORTLAND IH'KING THE I51G ELKS' CONVENTION July 13 to 18 An Experience of a Lifetime! liifl features daily Free Hand Concerts HiK Parade Thursday Band Contest and Massed Hand of 1500 Gaily Uniformed Drill Teams $2.25 Portland and Return Tickets on sale Julv 12th to ISth inclusive Hetmn Limit July 21st Take the dependable trains of the OKEGON ELECTRIC RAILWAY, leaving: 7:0: n. m.; 10:00 a. m.; 11:13 a. m.; 1:.10 p. m.j 4:00 p. m.; 5:30 p. m.; 8:20 p. ni. DAILY Tickets or further particulars of L. F. KNOWLTOX. J. V. RITCHIE, Traveling; rassengor Apent Ticket Agent THONE 727 Oregon e Jiss-Msr FIGHTS FOR LIFE Chicago, July 14 CAP) Co ojerative marketing of grain will continue uniler the name of the drain Marketing company which decided upon a dissolution a few Jays ago, and an effort will be made by It to stage a financial comeback. The directors have voted to re turn the properties involved to the four companies originally merged, but to request an option for one year allowing the grain marketing compiiny to purchase them out right. Verba! approval of this plan has been given by officers of tho four companies, Gray Silver, president of the cooperative Indi cated. Efforts to keep the cooper ative alive through aome reor ganization plan have already been considered. Nebraska farmers 1 have expressed willingness to start a movement among farmers for the necessary funds. "Despite obstacles," the directors statement says, "361 country ele vators have become stockholders, grain has been handled directly or indirectly from evory wheat pool In the United States except Indiana and the company now has an op portunity to handle more than 50, 000,000 bushels of Us own mem bers' grain from its present mem bership." Protection Pledged Shanghai. July 13 (AP) A wireless message from Shangwha in Hunan province, says the Chi nese authorities there have renew ed their fljunirannps of nrnteettnn for foreigners. NEW AND FACTORY REBUILT Underwood, Oliver, Royals, Corona, Remington, Woodstock, Portables, all makes Sold on easy terms All makes Rented and Repaired Atlas Bock and Stationery Co. Rubber Stamps Seals 465 State - Phone 340 Electric I n isssnssn n if,.Mr ml n Typewriters