Capital journal., December 02, 1925, Image 8

THE CAPITAL JOURNAL. SALEM, OREGON
WEDNESDAY, DECEMBER 2, 1925
PAGE EIGHT
WHEAT JUMPS TO HIGHEST PRICE OF SEASON
WHEAT GAINS .
4 CENTS UPON
. Chicago, Dec. 2. (.AP.) Corn
outshone wheat today in some re
spccte as a pioneer of higher prlcea
After soaring to 12 cents a bush
ll higher than Monday's low level
the Chicago wheat market today
dropped hack to virtually the same
is yesterday's finish, whereas corn
closed at 2 3-8 to 2 1-8 a bushel
net gain with May delivery above
82.
Chicago, Pec. 2. All deliveries
highest yet this season. December
led, touching $1.75 a bu.shel and
- showing an overnight gain of 4 3-8
cents as soon the market open
ed. Indications were for worse
crop damage in Argentina and Li v.
erpool prices woe up five pence.
Rapid f lactations followed, due
' an the one hand to large scale pro
fit taking and on the other hand
to waves of new buying whenever
the market receded. According to
some reports from Argentina, the
black rust in wheat was spreading
west and south and crop estimates
were being cut down. One author
ity put the maximum exportable
urplus as low as 112,000,000 bush
Bis. Sharpest changes In price were
witnessed in the December delivery
Ihe market for that month falling
three cents from initial top figures
but later regaining at times most
of the loss.
The wheat opening, 1 to 4 3-8
cents higher, new style, December
fl.74 to $1.7Ii and May Jt.68 to
$1,69, was followed by a setback
to $1.72 for December and $1.C
for May.
After opening to 1 cent high
er, May 79 3-4 to 79 7-8, corn con
tinued to ascend, May touching
81 7.8.
Oats sympathized with corn and
wheat, starting Vi to cent up.
May 43 7-8 and later showing ad
ditional gains.
STATELOSSON
Organization of the proposed
Northwest Fruit Union under the
direction of C. M. Miall, manager
of the Northwest Fruit company'R
plants here, will be postponed prob
ably until next fall, according to
Mr. Miall. The original plan was
to perfect organization enrly dur
ing the coming year, but the small
prune crop caused the plans to be
held in abeyance and It Is likely
nothing more will be done with the
"building after January 1. It (a un
der lease up to that time to the
Robert C. Paulus company and It
is possible that the concern- may
remain there longer under the
change of plans.
The proposed fruit union is to
be somothing along the lines of the
old Salem Fruit Union, It being
understood the plan is to handle
prunes at first and If tills works
out successfully to extend Its scope.
The total loss to the state on
loans made to farmers whose
wheat was frozen out a year ago
will not exceed 2 per cent of the
total of $300,431.30 loaned, says
a report to the board today by
James Stewart, Investigator for the
hoard. This would be a little un.
ner $8000. nnd It is said this will
bo cut down by excess interest pay
ments. All but $49,368.20 1ms been re
paid the stale. Of unpaid loans
five are In Sherman county, total
ing $3610, and It Is believed these
will bo paid" this month. Gilliam
county has 31 loans, aggregating
117,352.60, and Morrow county 47
loans totaling $28,406.70 that are
yet unpaid.
All loans ore due January 1, but
a few may have to be carried over
to -await another wheat crop.
SELLING EGGS BY POUND
ATTRACTING ATTENTION
The venture of W. S. Fltts In
buying nnd selling nggn by the
pound Is getting wide publicity and
creating much interest among pro
duce men.
Tho chambor of commerce has
received a letter from Hnbba-Pnr-
anns company,- produco merchants
of SI nekton, Cal,, In which they
say they saiw In a SanFrancisco
paper an nccount of the Fltts ven
hire into tho ft'uylng nnd selling
of eggs by tho pound and are anx
ious to got nil of tho dotnils of
tho venture. Intimating that they
may launch a similar syjtem them-aelves.
NEW INCOIiFUflATIONS
The following articles of Incor
poration were flloil yesterday
with the stalo corporation de
partment :
Dreis-Myem company, Port
land; incorporators, George J.
Drole, Tom J. Myers, Donald Mac
leort; cnpltal $5000.
Brown Furniture company,
Portland; incorporators, J. W.
Brown, Lillian Brown, W. M,
Huntington; capital $20,000.
MoclianicB club, Eugene; Incor
porators, J. Finnic, James L.
Walls, E. 0. Houck.
Modern Methods Markot, Inc.,
Portland; incorporators, B. B.
Bochert, I. C. Attlx, Dellmoro Les
eard; cnpltal $r.000.
Fife Sheep company, Bend; In
corporators, D. 11. Stuart, N. Ellon
Stuart, 11. II. DeArmonil; capital
$10,000.
Notice of dissolution wan filed
by the Oregon-California Develop
ment company of Klamath Falls.
Suplmentary articles havo beon
filed by-the McCray Refrigerator
company oi Indiana, changing the
name to McCray Uefrlgeralor Sales
corporation.
For Information
About Railroad
Trips Phone 727
I OREGON s&k ELECTRIC
IMPORTS OF POTATOES
FROM CANADA INCREASE
Chicago, Doc. 2. Imports of po
tatoes from Canada, duty paid,
have again Increased, and at ncurly
all the United States city markets
as well as at rural shipping points
tho wholesale price of potatoes is
lower than a week ago.
Approximately one thousand car
loads of Canadian potatoes have
been brought into the United States
so far this season, according to n
roport today by the government
buroau of agricultural economics.
PLANS CHANGED
Salem Markets
Compiled from reports of tia
loin dealers for the guidance
of Capital Journal reader,
(Revised dally.)
Wiioit'bitic r rices
Grain No. 1 while wheat $1.49;
rod wheat, (Hacked) J 1.42; oats
4Kc bu.r buy, oat and vetch, $17
ton.
Meat, toj hogs $11.75; sows
84''Jc: dressed hogs ltie; top steers
UtipGc; cows $2tT$4; top veal 8c;
bulls 3!P3c; spring lambs SO lbs
and under 11 Vic; heavier 9cg)10c;
dressed veal 14c.
Poultry: Springers 22c; light
liens 16(fi16c; heavy hens 20 lite,
old roostors Cc4j)8c; turkeys 40c;
live geese Gc; dressed geese 22c;
llvo ducks ltic18c; dressed tluclcB
24c.
Buttcrfat 54(0) 55c; cream, butter
55c; eggs 30c; standards "4Gc; se
lects 48c; milk 2.44 swt.
Vegetables and fruits; oranges
$7.500$8.50; lemons $6.50Q$7.60;
grapefruit $7.50; bananas 9 &c;
apples $1.50$2.50 box; new pota
toes $3.20; Yakima potatoes $3 25
$3.75, sacked vegetables' Oceta
2c; carrots 182c; turnips 2c;
local 40 80c; onions, radishes 40c
doz. bun,; tomatoes 3Q)$3.50 bush
el Ore. celery 80c$l doz $5 crate,
grown cabbi.go lc; local cauli
flower 1.CO02.6O; peppers 610 lb
garlic 20c pound; onions $2.35; let
tuce $2.25 crnte; sweet potatoes
$4.00$4.50 lb.; cranberries $5.50
box; cucumbers 50c doz., $1.00 per
box; built dates lie lb.
OF
STARTS MONDAY
Portland, Ore., Dec, 2. (A.P.)
The fourth annual sale of Idaho
wool in Portland Is scheduled to
titart Monday. A million and a quar
ter pounds of wool In the original
bags is now open or inspection.
Official of the First National
bank of Boise, Idaho, are in charge
of the sale, the wool belonging to
customers of taelra. Among the of
ferings are the large cups of the
Big Springs Land nnd Livestock
company, VanJJeusen Brothers and
Andrew Little, besides a score or
inoro of smaller clips. The sale
will be conducted under sealed bids
Good returns are anticipated this
year as market conditions are gen
erally favorable. Tho wool which
has been stored In Portland since
tho shearing season, is valued at
moo than $1,000,000.
Flour receipts in Portland re
sponded to the brisk advance In
wheat and today all grades are 20
cents a barrel. Family patents now
listed at $9.40, bakers hard wheat
at $10 and bakers' bluest em pat
ents at $9.20 a barrel.
No change was made In butter
and egg quotations on the local
dairy board but both are slow and
weak.
Country dressed meats and live
poultry are steady and unchanged
along the street. Poultry demand
is limited and supplies are plenti
ful. Call for veal and pork limit
ed to choice light stuff.
Portland, Dec. 2. Cattle steady;
receipts none; calves nono; steers
good, $7.S0(S$8.25; med. $6.75
$7.85; common $5.50 fi) $6.75 ; can
net's and cutter steers $4.50$5.50,
heifers, good $6.00 $0.50; ; com
mon and me7lum $4.50$ 6. 00;
cows, good $5.75(p$6.00; common
and medium $3.50(fD$5.7G; can n em
and cutlers $2.00$3.50; bulls,
good beef (yearlings excluded)
$3.75 $4.50; comnipn to medium
(ennners and bolognas) $3.00
$3.75; cnlvos medium to choice
(milk feds excluded) $7.00 $10. 00
culls and commons $5.00$7.00;
vealers, medium to choice $10.00
$12.00; culls and common $5 60
$10.00.
Hogs strong, higher, receipts,
250; heavyweights (250 to 350
pounds) medium, good and choice
$I1.50$12.25; medium weight
(200 to 250 pounds) medium good
and choice $11.75 $12.25; light
weight (160 to 200 pounds) com
mon med, good and choice $12.25
$12.50; light lights (130 to 160
pounds), common, medium, good
and choice $12.25$12.60; pack
ing hogs (rough and smooth) $8.50
$10.50, slaughter pigs (90 to 130)
medium good and choice $11.00
$12.00; feeder and stocker pig-) (70
to 130 pounds) medium, good d
choice IH.OOfj $12.00.
(Soft or oily hogs and roasting
pigs excluded In above quotations).)
Sheep nominally steady; receipts;
100; lambs good and choice (Alt. j
Adams) $12.00$13.00; lambs,
medium to good (valley) $11.00
$12.75; heavyweight (92 lbs. up)
$J.OO$11.00; all weights, culls
and common. $7.00 $10.00; year
ling wethers, medium to choice $8
$l.O0; ewes, common to choice
$4.00 $7.00; ennners and culls
$1.50$4.0O.
Portland Grain
Portland, Ore., Dec. 2 (A.P.)
Wheat: BBB hard white, bard
white, blueatem, baart, soft white,
western white $1.61; hard winter,
northern spring, $1.5F; western red
$1.54.
Today's car receipts: wheat 99;
flour 13; corn 2; oats 1 hay 7.
BUTTE It AND EGGS
Portland, Dec. 2 Eggs current
41c; fresh standards first 45
45!c; fresh standards extras 44c
44c; unflerftttsea 3030&c.
.Portland, Dec. 2 Butter soft;
extra cubes, city 52c; standards
51J,c, prime firsts 51c, firsts 50c,
undergrade nominal; prints 65c;
cartons 56c; butterfat steady.
Milk steady: best churning
cream 53c; net shippers' track in
zone 1; raw milk (4 per cent)
$2. CO cwt., f. o. b. Portland.
PUL4TRY
Portland, Or., Dec. 2 Poultry
firm; loss G per cent commission
heavy hens 252Gc; light 1819c;
springs 2425; young white ducks
22 25c; turkeys dressed nominal,
live nominal.
ONIONS ANI POTATOES
Portland, Or., Dec. 2. Potatoes
quiet, new $2.50 $2.60; onions
$1.75.
NUTS, HOPS AM OASOARA
Portland, Dec. 2. Nuts steady;
walnuts, No. 1 2833c; filberts
26c; almonds 2731c,
flops quiet; new crop clusters
22 o, fuggles 25c.
329 BALES OF HOPS
SOLD AT 21 AND 220
Some hop business continues to
move. A sale of 200 bales by the
Seid Back estato to George Dorcas
is reported at 224 cents and It Is
further reported that Harold Ray
bought 129 balesfrom Jean Flynn
at 21 cents. Both lots are made
up of prime hops.
Ladd & Bush Bankers
ESTABLISHED 1868.
General Banking Business
Office Hours from 10 a. m. to 3. p. m.
Voss Electric Washer
(I IMS
Copper tub, Bloc tin lined,
heavy lacquered, which pre
vents coroding
$85.00
and
$98.50
Premier-Duplex
Electric Vacuum
Cleaner
Greatest suction of any motor-drivej
brush sweeper on the market
Make Us Prove It
Standard Electric
Ranges
Made by the manufacturers of the
first Electric Range made in America
BEAUTY DURABILITY
ECONOMY AND SELECTION
Trade in Your Old Furniture or Range on New
While plans are materializing
for the aale of the old Oregon Grow
era' association's property at Med-
ford, nevertheless genreal liquida
tion of the properties of the asso
ciation is virtually at a standstill,
according to W. I Staley, who hae
the work m cnnige.
'It Is difficult to sell anything
that nobody wants," Is the way Sta
ley sizes up the situation.
IIo ;ever, with a bumper prune
crop for next year, and he looks
for .one, he believes the situation
will change completely and that
there will be a demand for the kind
of plants that the association has
on its hands, The extremely small
prune crop of this year made the
plants attractive to no one, and
they will virtually all are good for
fruit packing plants and nothing
elBe, and many of them are so lo
cated tney couin do goou lor notn
ing else.
Folks should hide their troubles
and then forget whore they put
tihem.
You Need Traction
For Your Nerves
Take Your Traction Treatment
Today Only 50c
Dr. H. D. Redmond
308 Oregon BUlg. Phono 1038
H. F. Woodry & Son
Auctioneers and Furniture
Dealers, pay cash for Used
Furniture. Store 271 North
Oom'l. Agent Lane Ranges.
Offico Phone 75 or
Residence Phono 1813-W
L. T. Dick and L. M, Hum
CHINESE MEDICINE CO.
420 and 42(i State St.
Has wonderful Chinese reme
dies which trill euro any human
nllnicnt . Including sidenche,
headache, stomach, kidney
trouble, mate and female. If 111
consult us nt once. Delay Is
dangerous.
Established 18 years In Sa
lem, Oregon.
Phone 283
Out To-morrow
D.
'elivery of the
Telephone Directory,
which is a new Buyer's
Guide, begins to-morrow.
When you re
ceive your copy look
at it! It is something
different a real guide
for buyers, a conven
ience, a time saver and
an endless source of
buying information.
The
Pacific Telephone And
Telegraph Company
The Classified
Telephone.
Directory is a new
uyers
' I
XJW' gas
ONE push on the starter - and WHEE! - the
new winter "Red Grown" is off like a shot!
Wild to go crowded with mileage!
The new winter "Red Crown" is the achievement
of our 47-years of gasoline-making experience!
On sale at Standard Oil Service Stations and "Red
Crown" dealers. Fill at the red, white and blue pump
and see!
STANDARD OIL COMPANY
(California)
W WINTER
Use
our
Credit
GIESE-ROWERS
We Charge
No
Interest
Ifurnitufe'Coyttpccny
Anderson & Rupert
Oregon Bldit.
KB