Capital journal. (Salem, Or.) 1919-1980, October 17, 1925, Image 8

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Capital journal., October 17, 1925, Image 8

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Newspaper Page TextPAGE EIGHT THE CAPITAL JOURNAL, SALEM, OREGON SATURDAY, OCTOBER 17, 1925 STOCK MARKET IN TUMULT; COLLAPSE FOLLOWS RISE SWEEP UPWARD 10 Now York, Oct. 17 AP) Stock prioea collapsed 2 points with fltnrtling suddcnncsH after fwi opening rally ot 1 to 7 pointa in today's market with total Bales calculated by the Associated Prom at 1,482,000 nharcs, the high est half-holiday session since Aug ust 18, 1906, when the volume reached the record-breaking total of 1,500,000. Other private esti mated placed the total diiy'a busi ness aa high uh 1,730,000 oharefl, or at the rate of over 4,000,000 eharew for a full five hour session. New York, Oct. l't (AP) Riot ous speculation broke forth In to day's stock market, quoted values being carried up 1 to 7 points in the first frenzied outburst of buy ing and then collapsing 2 to 15 points under an avalanche of sell Ing orders. Total sales approxi mated 1,600,000 shares for the two hour session, the heaviest volume of any Haturdny In the last 20 years The official ticker was still grind Ing out quotations at 12:30 o'clock half and hour after the market closed. bluestcin, baart 11.43: soft whit $1.49: western white $1.40; hard winter, northern spring $1.35; west ern red $1.35. Today's car receipts wheat 21, flour 5, corn 2, oate 2, hay 4. BUTTER AND EGGS Portland, Oct. 17 Eggs, curren receipts 39 A 41c; fresh medium 39&39 ic; fresh standards firsts 43 43 14 c: fresh standard extras 4Sfi48'Ac. Portland, Oct. 17 Butter firm extra cubes, city C3o; standards 510) prime firsts 61 He; firsts 47 c; undorgrades nominal; prints 55c: cartons 5flc; butterfat firm. Milk firm.) best churning cream E2c net shippers' track in zone 1; raw milk (4 per cent) $2.65 cut., t. o. b. Portland. POClTRY Portland, Or., Oct. 17 Poultry easier; less 6 per cent commission; heavy hens 2727'Ac; light 16c; springs 2324c; young white ducks ZJw 2bci tui'Kcys, dressed 30 w) 3 ec. ONIONS AND POTATOES Portland, -Or., Oct. 17 Potatoes firm; new $1.7G1.85; onions $1.501.C0. New York, Oct. 17 (AP) The floodgates of speculation stagger ing under the load of swollen st reams of buying orders, pouring from all sections of the country, burst upon the floor of the New York stock exchange today and swept prices upward In one of the wildest sessions witnessed in recent years. The deluge reached its ninxi mum Intensity In the motor stocks which were whirled upward 1 to T points on sales running Into the Hundreds of thousands of shnrrw, Total transactions of all stock in the first hour probably ran over 700,000 shares, with the offlr-ki ticker at least eight minutes be hind the market. Portland, Oct. 17 Locnl citam ery men announced an advance of two cents in the price of print ef fective Monday. The new quota tion will be 67 cents on prints and 68 ccntA for cartons. No change wae n rtde In the buying price of butterfat but country bids are now up to 65 cents f. o. b. shippers' track. NUTS, HOPS AND CASCARA Portland, Oct. 17 Nuts steady walnuts, No. 1 28(fl31c; filberts nominal; almonds 28g'32c. Hops quiet; new crop clusters 22Hfc23c; fuggles 27c. Cascara bark quiet. Nominal at G7c lb.; Oregon grape root nom inal. 35 TO 37 CENTS IS L E Portland, Oct. 17 The tone of the wool market is better than It was last week, which Is encourng ing to the growers who are still holding their spring clips here. There are a few inquiries on the market with buyers indicating 3.r to 37 cents for good Oregon wool. but this tloes not agree with the views of sheepmen, who are hoping for prices of 40 cents or better. Recent sales in Utah at 42 to 44 cents have naturally had a strengthening Influence on sellei'H a reflecting the Improvement In the foreign and eastern markets. Dealers believe that next month will see a selling movement by growers who have borrowed on their clips. The condition of the Hcmton mar ket yesterday was reported In the dally government bulletin as fol lows: "Actual transactions on the wool market Include n fair amount of flno wools. Demand, however. still centers on medium stocks, choice, fine combing territory wools ro selling up to $1.30. clean. I''ronch ciimhing has moved at ful ly $1.26 and hillf-blood Is up to $1.20. Australian 64s and 70 super wool have sold at $1.07 ft 1.10, clean, tn bond. Portland, Or., Oct. 17 Unusual strength was shown In the local egg market during the past week tn both frih and storage stocks. The market h-'is era dually worked Upward elo.slilg today at 64 cents on fresh extras, a new tup for this sea on. A week ago extras cloned al 61 cents, showing an nctual K-''n on the top grades of three cents for the week. Firsts elided today at 49 cents, an advance of 2 cents overnight and n gain of 4 cents over a week agti. Pullets Inst n cent In the clos ing session of the exrhnngc but still show a gain of three rent over n week ago. Currant reeslpts clnttfri nt 42 cents, a gain of 2 cents since Inft Kilurday. Strength In the local market In contributed to the export of t oge stoeks to ICnglaml as well as the general upward trend In out side markets, l-'resh arrivals have been only moderate this week and buyers are ndverilslng In the coun try for additional supplies. Hotter quotations were unchnng ert on the local dairy board for the day but the market Is firm. Cube; averaged 1 to 1 Vfc cents higher than a week ao on the- exchange. Country dressed meats have dis played o sluggish tone along the street during the p;int week, clos ing easier on both hogs and veal. Rttyers were not very keen at any time and only bargains or cxt rn fancy animals would Interest litem. Choice Itcht veal elosrd slow at 1 U cents and choice light hug at IS cents. An easier tone tn live poultry was also shown during the week. Receipts were sufficient for all re quirements and the demand wos only nominal and hardly noticeable tt time Livics-rocii Portland, Oct, H-CnttlB unsteady receipts none; calves none; steers $6.76 it 8.00; common $6.60 (f 6.76; can tiers and cutters $4.OO4j6.R0: heifers, common and medium $4. OH ftfti.uo; cows, common, medium $3.2f( 6.2ft; Dinners and cutters $1.60413 25; bulls, good (best yearl Ingg excluded $4,0065.00; com mon to medium ennners anil bolog nas $3.004i' 4.00; calves, medium to choice, milk feds excluded $7.00W .00; oull and common $4 606i 7.00; vealets, medium to choice $10 00 di 12.00; cull and common $6.00 (fi 1 0.00. Hogs steady; receipts none; heavyweight 2.10 to 8!ti) Ihs.t medium, good and choice $ 1 2 f.o if 1 3.26; medio in weight (20 0 tit 360 llwt.) medium, good and choice $12.7641 13.76; lightweight ( K.O to S00 lbs.) common, medium, good and Choice $13. 0U4i 13.26; light lights (130 tn 160 lbs.) common medium good and choice $i2.6(Mr 13.00; packing hogs $1)6012.00; laughter pig (130 lbs. down) medium, good and choice $i2 60r IS. 50? feeder and stocker pigs (70 to 130 lbs.) medium, good and tholctf $12,006)12.60. (Hurt or oily hogs and roasting pigs xcludcd In abova quotations.) Sheep steady; receipts none; lambs, good and choice (Mt. Adams) $l2.00i13.00; lambs, me llum to good (valley) 111.000 13.00 heavyweight (92 pounds up) $9. 00 f 11.60; all weights, cull and common $9.00 t 0.00; yearling wether, medium to choice $8.00 10.76; ewes, common to choice $4.009.00; canner and cull $1.60 O4.00. PORTLAND OHAIW Portland, Oct. 17 Wheat: hard hiie. ii. IS. ii. SI. 48: naid while, I Senile, Wash. The Holland American felghter ICemdyk. whin grounded in thy fog off Hcntiuck island tn In no danger of foun.lev- inrc, It was reported in radio min tages rocoived here. Tito vensel ha six feet of water In her f:tr ward hold in nil-: coimv roritT of Mm Mate of Oregon, for .Minion Con illy In the matter of the estate of Flora Mcljourt. deceased. Notice of Sale. Notice Is hereby given that pur suant to an order of the county court of Marion county, Oregon, hearing date of October 9, 92, the undersigned administratrix will sell nt private sale, at the law ofHce of Ouy O. Hinlth, at 4113 Salem Hank of Commerce build ing In Salem, Oregon, on and after tho loth day of November. 1926. an undivided one-ninth luteresi. Huhleet (o the life estate of Aman da King, of the following describ ed real property, towlt: Hegtnnlng at the north west corner of John I,. lOoff's donation land claim, in towiiHhlp 7 south range 2 west of Willamette Merid ian, Marlon county, Oregon ; running thence south 79 chains to the south west coiner of said John L. Koff's land claim; thenco east 81 rods to set post; thence norllt 79 chains to set post; thence worn 81 rods to tho place of beginning. Save and except from the above ueecrltieil premises Z: acres, more or less, deeded to Klljn Adklnson. as shown by deed recorded In volume 12. page 3, Marlon county deed records. Also, save and except from th. above described premises those certain premise deeded to the Oregon A California ltailroad com pany. as shown by deed recorded In volume 1 26. page 406. deed records of Marlon county. Oregon. The terms of said sale shall be at least fifty per centum of the purchase price In cash and the bain nee of said purchase price e- cured by a first mortgage upon the real property above described. Said sale shall be made subject to confirmation of the above entitled court. Ml XXI 13 lU'MIUtltRYfl. Administratrix of the estate of Flora Mei'ourt, deceased. I ORCHARD TRACT Society (Continued from Page Five.) In a decree by Judge Kelly In circuit court two mortgagee amount Ing to $23,000 against the Eden Orchards company and the Sunny- brook Prune & Walnut corpora tion are foreclosed, the mortgages being secured by 101 acres of land south of the city. Under the decree when the lands nre sold the proceeds In the first and second place are to go to cover costs and disbursements; In the third and fourth place to take care of tax liens. In the fifth place to cover a mortgage for $14,000 heM by Ada E. Jory, plaintiff In the case, and In the sixth place to cov- a $210 mortgage also held by her. In the seventh place the money Is to be used to cover a mortgage for $9000 held by the United States National bank and lastly, If there is any balance, It Is to go to tho defendants. While the matter was argued In court there was no dispute about tho mortgages, the only question being who was to be reimbursed regard to payment of taxes. Salem Markets l'oin piled from reports of Sa lem dealers for Mie guidance of Otipltal Journal readers. (lUivised dally.) Wnoicsnif fiices Grain: No. l white wheat $1.30; No. 1 red wheat $1.23 (sacked); oats 48c bu.; hay. oat and vetch $lfl ton. Meat: Top hogs 13 Vic: sown lO'ic; dressed hogs 17c; top steers 6c; cows 12. 60505. 00; bulls 3tf3c; spring lambs 80 lbs. and under 12 He; heavier 10&10c; dressed veal 16c. oultry: Springers 1822o; light hens Hft15c; heavy hens 20 21c old roosters 9 10c. Butterfat 64c; creamery butter Sc; eggs 35c; standards 40c; se eds 43c; milk $2.44 cwt. Vegetables and fruits; Canta loupes $1.25 2.25; watermelons, hc; oranges $10.50: lemons $11.50; grapefruit $8.50; bananas 9 '4o; apples $l.b032.50 box; new potatoes $2.50; sacked vege tables: beeta 3c; carrots lc; tur nips 2 He; local 40 ifl 80c; onions adlshes 40c doc. bunches; toma- 76c bushel; green beans 0c; Oregon celery 80c doz.; home grown cabbage 2c; local cauli flower $11.40 do2.; fresh parsley G0c dor.; peppers 6 10c lb.; fancy dill 15o lb.; dill size cucumbers 4c; gherkins 7 He lb.: outdoor lines $1.60 carton; aoedless grapcsi lb.; sweet corn 1 2 Ac; new Malaga grnpes 7c; garlic 20c lb.; now pickling onions 7 7c; nlons 2c; le'.tuco $2.25 crate; $3.50 Iced; sweet potatoes 6 Vi c b.; cranberries Itc. professionals from Salem. Mi6 Lucille Ross, organist who fipent the last two years la Chi cago will play eome of her most effective numbers. Miss Dorothy Pearce, pianist who haa recently returned from tho eaat after fitudylng with the maetcre will be heard In several numbers. Mary Talmadge Headrick, viollniet whose professional work ta well known In Salem will give two groups. R. D. Barton, baritone, will sing a group of songe. The proceeds of this concert will go towards the new church building fund. Mrs. Walter Spauldlng and small daughter Leone, were the guests in Portland for several days this week of Mr. and Mrs. Paul Stevens. Mrs. A. T. Wootpert was hoet e at a meeting of chapter O of the P. E. O. sisterhood In her home on Wednesday. The annual B. I. L. party will be given at Hallowe'en time. m Mr. and Mrs. Fritz Slade and Mr. and Mrs. Asahel Bush motor ed to Portland last night where they were the honor guests at a dinner at which Mr. and Mrs. Berwick Wood were hosts. Mr. and Mrs. W. B. Burns and small daughter, Ann Keed, are spending the week end on a mo tor trip to southern Oregon. Mrs. Herbert Roome spent several days of this week In Eu gene where she was the house guest of her mother, Mrs. A, W. Sims. The first meeting of the new club year of the Friday bridge luncheon club was held recently at the home of Mrs. Elmer Daue. Mrs. 0. A. Olson assisted Mrs. Dane. Mrs. Paul Wallace was hostess at an attractive luncheon in her home today complimenting Miss Mary Jane Albert whose marriage to Asel Eoff will take place next Wednesday. Cosmos in orchid shades and orchid candles in crystal holders centered the table with covers laid for Miss Albert, Mrs. Fred erick Deckabach, Mrs. Lewis Grif fith, Miss Dorothy Patterson, Mlse Margaret Rodgers and the hostess Mrs. Wallace. Plane are being made by Mies Helen Rodolf who has opened a studio here where she teaches Russian ballet and ballroom danc ing, for a large program and ex hibition to be given early In tho winter. Miss Rodolf recently studied with Theodor Kosloft and last winter worked with Adolph Hohm. On Mondays and Tuesdays MIps Rodolf haa a number of clsBfies In Mcdford. The first meeting of the new club year of the Friday bridge luncheon club waa held recently at the home of Mrs. Elmer Daue. Mrs. 0. A. Olson assisted Mrs. Daue. Marigolds and nasturtiums were used in profusion about the rooms and as a centerpiece on the luncheon table where covers were laid for Mrs. Earl Fisher, a spe cial guest, and the following club members: Mrs. F. G. Delano, Mrs. P. E. Fullerton, Mrs. Leon W. Gleason, Mrs. A. A. Guoffroy, Mrs. E. A. Kurtz. Mrs. O. A. Olson, Mrs. U. Scott Page, Mrs. Clare A. Vihbert, Mrs. Harley White, Mrs. David Wright and the hostess, Mrs. Daue. High bridge honors for the day were won by Mrs. Leon W. Glea son. Mrs. Delano will entertain the club in her home on Friday of next week. Dr. and Mrs. Charles H. Rob ertson will have as their house guests over the week end their son and daughter, Mr. and Mrs. Charles G. Robertson of Portland, and Mrs. Robertson's parents. Mr. and Mrs. E. C. A p person of McMinnville. Mrs. Edwin Armstrong was hostess at a delightful meeting of the Nevas bridge club in her home on Thursday. A color plan of yel low and green was carried out In the dining room ot the Armstrong home where luncheon was eerved at one o'clock. Marigolds were used about the rooms. Special guests were Mrs. George Nelson, Mrs. Earl Paulsen and Mrs. Reed Rowland. Members of the club are Mrs. William Gosser, Mrs. E. C. Purvine, Mrs. Law rence Imlah, Mrs. Otto Hoppea, Mrs. Carl Armstrong and Mrs. Edwin Armstrong. High bridge honors were won by Mrs. Laurence Imlah with the consolation award going to Mrs. Purvine. Mrs. Carl Armstrong will be next hostess. Mr. and Mrs. John Goltra were the guests of Mr. and Mrs. J. G. Hall in Albany early this week. Miss Olga Conforne who was the house guest for several week; of Mr. and Mrs. Peter Johnson at their farm home southeast of town, left this week for her home in Chicago. She plane to return shortly with her mother to make her home in Salem. Mr. and Mrs. R. E. Downing have returned from a week's fish ing trip at Neskowin. mm Merrymakers club members were the guests of Mre. I. Person on Wednesday afternoon. Deep red chrysanthemums were used in baskets about the rooms. Members of the club who were guests of Mrs. Persons were Mrs. Joseph Botts, Mre. William Butte. Mrs. Chris Butte, Mrs. Ray Smith, Mrs. Laurence Bach, Mrs. Fred Peterson, Mrs. Harvey Peterson. Mrs. George Fellers and Mrs. C. T. Moffitt. Mrs. Fred Peterson will enter tain the club In two weeks. Mrs. W. Al Jones and Mies Ma ble Creighton are spending ten days In Wallowa county. They mo tored up. Mr. and Mrs. Milton Meyers have returned from a stay of several weeks at their summer home at Neskowin. Hotel Marion SUNDAY. OCTOBER 18, 1925 TABLE DE HOTE Blue Point Oysters on Half Shell Potage nla Imperial Consomme Princess Crisp Celery Heart Mixed Olives Young Radishes Tuna Fish ala Newburg en Calse Shoe String Potatoes Choice of: Larded Tenderloin of Beef ala Chlpolata Roast Mllkfed Chicken, Fine Herbea Dressing Roost Leg of Lamb, Mint en Aspic Baked Sweet Potato Cauliflower Au Oratln Salade Crevette Frozen Dixie Cup and Nabisco Wafer Apple Pie, Cheese Huckleberry Pie Fresh Pumpkin Pie, Whipped Cream Demi Tasse $1.25 per plate 6:45-8 p. m. VAUDEVILLE .RICHARDS una jS itokfe nut std I amity mtss THE CHAPMAN S Musical SHECKB MmMS Dop, Pony end I MATTHEWS TRIO Sonets iStem SAHC1HS I ROCKXTS-" 1 iheirptp or I Hurricane .Hi anthnio Moreno HELENE CHA0WICK 'ML BLIGH THEATRE - SUNDAY SUNDAY AND MONDAY THE GtfATEST IOVEST0RYJNM WRlJSmOS WILLIAM FOX" i34& I presents f. ffl ( 1 ' I nmmiitattiANOrWe MRS. HENRY WOO- SCfWWIO BY IE N ORE J. COFFEE DMUND LOVE -ALMA RUBENS-LOU TELLEGEN RANK KEENAN-MARJORIE DAW" BELLE BENNET7 E5LIE FENTON- PAUL PANZER-LYDIA KNOT1 :R1C MAYNE- MARTHA MATTOX - HARRY 5EYM0UF EMMETT FLYIMN production Robert THRILLS GALORE Adults 35c nt the Con sole Kimball Organ Children 10c 1 Today Only BUCK JONES -In- "The Timber Wolf" Thrills Galore Comedy Variety Heilig Trices 25c nnd 35c Opal Ranges Opal Heaters Autona Circulators Heatrolas DeLuxe Spring Sealy Mattress Hamilton Beach Sweeper DeLite Elec tric Washer 1 s&m Overstuffed Bed-Davenports If ever values talked they do now. Everybody, agrees that it is important to have a comfortable davenport; also a comfortable bed. Here it is all in one article. Priced within the reach of all. Now is your chance the golden opportunity to buy a value far exceeding any we've ever offered before. Upholstered in the very, best Velour coverings Priced As Low As $98 The Genuine "Sealy" Tuftless Mattress Luxuriously Comfort able Economical, Priced to sell at $50 Phenomenal Offer This Dining Table and Six Chairs, one arm chair and six side chairs; follow closely a period motif now highly popular, shown in the Walnut finish wiith leather covered seats in chairs; beautifully made. Specially Priced at 1 $74.25 i HAMILTON FURNITURE CO. court st