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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Dec. 28, 1925)
PAGE EIGHT IMPROVEMENT BOOT SOON PorLltind, Dec. 28. (AP) With tile close of the Christmas holi dayfl, locnl potato dealers, who have been following conditions closely, look for a blK Improvement In the market. Just now the situ ation Is nnything but favorable, Wart'housefl are full nnd the de mand 1m almoHt entirely lacking. Trading at country points If) only nominal and at bargain figures. Pacific northwest primary mark ets have been almost at a stand still fur the paM three weeks. No changes were shown in the country produce markels today. Gutter, eggs, poultry and country ilrpssed meats are steady at Sat urday's closing prices. -LIVESTOCK Portland, Dec. 28 Cattle higher receipts 1335; calves 107; ethers good, $8,3Mi$8.75; medium $725 i$8.35; common $ 6.00 $ 7.2 "; canners nnd cuttor steers $5.00 fj Jli.00; heifers, good $fl.50(fi)$7.25; common and medium $!i.OG$G.&0; cows, good $C.OO$0.40; common and medium $4.00tfi$8.00; canners and cutters $2.60 ft $4,00; bulls, good '.beef yearlings excluded') $3.75 $4.50; common to medium (canners and bolognas) $3,00 5$) '$3.75; calvoR medium to choice (milk feds excluded) $7.00&$9.00; culls and commons $5.00 (fi) $7.00; vealer, medium to choice $9.00tf? $12.00; culls and common SS.OOSj) $9.00. Hogs higher; receipts 915; heavyweights (250 to 850 pounds) medium, good and choice $1 2.00 tff $12.50; medium weight 20li to 250 pounds) medium good and choice $1 2.25 $12.50; light weight (160 to 200 pounds) com mon med. good and choice $12.50 '$12.75; light lights (130 to 180 pounds), common, medium, good and choice $11.60 $12.60; pack ing hogs (rough and smooth) $9.00 $11.00, slaughter pigsOO to 130) medium good and choice $ll.50fii $12.30; feeder and stooker pigs (70 to 130 poinds) medium, good d choice $11.00fS$12.00. (Soft or oily hogs and roasting pigrt excluded In above quotations). Sheep nom. steady receipts 625; lambs good and choice (Mt. Adams) $13.00 $14.25; lambs medium to good (valley) $12.50 $14.25; heavyweights (92 ins up) $10.50((j$l2.50; all weights, culls and common $9.00$12.00; yenr ling wethers, medium to choice $8.50 $11.60; ewes, common to cholco $5.00fffi$8 25; canners nnd culls $2.50$5.QO. Portland Wheat Partland, Ore., Dec. 28 API Wheat: no (lecember bids. Janu ary bids: DUB hard white, hard white, blucstem, bnart, soft white, western white, $1.02; hard winter, northern spring, western red $1.57. Today's car receipts: wheat 23; flour 8; com 6; hay 10. II UTTER AND EGGS Portland, Dec. 28 Eggs current 2Kc; fresh standards firsts 29vf 20Mjc; fresh standard extras 30 :ilc; u n tier's I zea 2434'c, Portland, Dec. 28 Uutter steady extra cubcB, city 460; standard 45 'jc; prime firsts 46c; firsts 44, uudergrndos nominal; prints 49c; cartons 50c. -. Milk steady; best churning cream 44c; net shippers' track in boiio 1; raw mill (4 per cent) $2. GO owt., t. o. b. Portland, POULTUY Portland, Or,, Dec. 28 Poultry firm; less fivo per cent commission, heavy hens 262fic; light 1920c; npringn 25c; young whito ducks 23(fp25c; turkeys dressed 46QMlic; live nominal. ONIONS AND POTATOES Portland, Or., Doc. 28 Potatoes slow; new $2.50$2.65; onions $1.50$1.7B. NUTS, nOPS ANl CASOAKA Portland, Dec. 28 Nuts steady; walnuts, No. 1, 27 32c; filberts, 2124c; almonds 2731c. Hops quiet; new crop clusters 22q, fugglcs 25o. HIIFTVllS FIRST Of SERIES Tho Ili-Y basketball team won the first round of the older hoys' conference hold at the Salem Y. M. C. A. by defeating the Creeks, Sat urday afternoon by a score uf 41 to 0. For tho first quarter it looked ne though the game wae going to be a hard fought affnlr, the neart being held down ou both sides. Tho lli-Y'B gained momentum, however, nnd rapidly drew away from the losers. Team work and Bhort parsing around the banket by tho winners was largely respon sible for tho one-sided score. The Creeks had plenty of cliaucefl to win as they had enougn nhots 1ml failed to connect with the hoop consistently. Dwlght Adams starred for the III-Y's and waa high point man ol tho game, being responsible for 16 points. Jim Darby starred for the losers. Two more games ot the tourna ment are scheduled for this even ing. In the first gnme the Night Juniors will meet the WrbfooteiB. The game will start at 7 o'clock. In tho second game of the evening, which will start immediately nfter the first, will he between the Athcninnfl nnd the Oregon Jour nals. The Wcbfooters have been going good In all of their games played this season and are doped to win over the Night Juniors. The Creeks, lot era In Ihe first round last Saturday, nrc to got a chanro to play In the consolation tournament. The final game .f th-r" tournament will be pla:eii next Saturday. Spokane Steve Jnreich, fifty, a miner, was walking gaily down Main avenue singing at the top of his voice. His einging annoyed Dan Cox, lumberjack, nnd hie companion, Joseph Lavell, nnd when Jurelch nenred them, Cox turned and knocked him down, frartnring his skull and killing h!m almost instantly. Tolerance Theme of Farewell Sermon of Departing Minister "During the years that I have been here I am proud to say It has not been an ecclesiastical appeal that I have preached, but an ap peal solely for Christ and through ChrJfit," Rev. J. J. Evans told his congregation In his farewell ser mon at tho First Christian church Sunday, morning. He took for his test tho pas.tng'Q from Paul's first letter to the Corinthians, "I am de termined to know nothing among you but Christ, and Htm crucified," and remained on tho subject of his text throughout the sermon. Tho sormon, Rev. Evans said, was the same aa hla- first regular sermon given when ho came to tho local church. "I want to preach tho same sermon upon leaving that I did upon coming," he said. "I want to end Just where I began." The text quoted for the sermon might seem narrow and intolerant at first thought, but not when un derstood correctly, Mr. Evans stat ed. "Wo have our views about tol erance and Intolerance. I often think the man who preaches the loudest, against intolerance Is him self tho moHt Intolerant. This text may seem dogmatic because we do not understand the terms as given. "Ninely-nlne per cent of the peo ple In the world today know very Local holders of preferred stock in tho old Oregon CI rowers Pack ing corporation are receiving their 7 percent dividend checks tor tho year enticing December l, and nt the fianio time are being notified of an impending payment of 20 per cent on preferred stock of series C, D, and E of tho corporation, Another payment of 10 percent toward the retirement of these ser ies Is expected to be made within a short time, according to W. I. St a Icy, secretary-manager of the corporation, and holders of stock certificates are requested to send In their certificates for endorse ment on both payments at this time with tho explanation that the certificates will be held until the 10 per cent payment has been for mally authorized. Retirement of the preferred stock is being financed through the sale of the corporation's assets. Chicago, Dec. 28 AP.) Open ing wheat prices, to 3 4 higher, new style, December $1.80 To $1.87 and May $1.80 to $1.81 ft, wero followed by moderate further gains, nnd then by a setback that in snmo eiwies went below Satur day's finish. After opening to 1 cent high er, May 86 to 80 ",J , the corn mar ket scored an additional advance, and then underwent a sag. Oats started cent off, to up. May 4Hi, to 4ti, nnd later held near to initial figures. Wheat closed Irrcgulnar, 1 net lower to 3 cent gain, new stvle, December $1.84 Mr and May $1.70 to $1.6(1, Tho corn market closed unset tled, 1 net lower to advance, May 85 to 85. Salem Markets Complied from reports ol Sa lem dealers for the guldaucit of Co pi in I Journal readers, (Itcvlscd dally.) Wnowsme Trices Ciain No. 1 white wheat $1.50; rt'd wheat, (sacked) $1.4,1; oats ISo bti., hay, oat and vetch, $17 ton. Meat, top hogs $11.76; sows 8 lie; dressed hogs 1 tic; top stcors Gfoflc; cows $2tP$4; top vca! Dc; bulls 3',64c; spring lambs 80 lbs, and under 1212Mic; heavier Oc GMOc; dressed veal lfic. Poultry; Sprlngors 2022c; llirht hens 16c: heavy hens 20 21c; old roosters 6 8c; sing roosters t(l ftp 18c; turkeys 30c live; dressed 40c; ducks lOtfi'lSe; geese 20(ri22c. Uutterfat 47c; cream butter 18c; pullets 25c;, mod. 26c; stan dards 28c; milk $2.44 cwt.; eggs per pound 22c. Vegetables an. fruits: oranges $4.50 (ft1 $5.50; Japanese oranges $2.25; lemons $6.60 $6,50; grape fruit $G.50(ft$6; bananas 1U01OV41. apples $1 60fi'$2.60 box; Yakima notntoes $2.25?r$3.75, sacked vege tables: beets 2c; carrots lHc; tur nips 2Hc; local 40080c; onions, radishes 40c do a. bunches; toma toes 20o pound, hothouso Oregon celery 80c$1.00 do., $5 crate; California celery 90c$l.(i0; homo grown cnblmge 1 He; locnl cauli flower $1.50 Q(i $2.50; peppers 15o; garlic 20c lb.; onions 2c; sweet 'po tatoes $5.09ffi'$5.25; cronborrles $4.75 box; $ 19 bbl., cucumbers $1.75; bulk dates 10c lb.; lettuce, spinach 5c lb.; California Iced $4.75. Anderson & Rupert Oregon Blu, l man who prays the loudest often little about Christ. The man or wo knows Him the least. "I do not think any man Is just to himself who goes through life Ignoring Christ." Referring to Paul, who wrote the letter from which the text was taken, Rev. Mr. Evans said, "Paul went out preaching no .theology, no secularism, except Christ. He wanted them to found their religion not upon the shifting sands of hu man understanding, not upon this doctrine and the doctrine of theo logy. Ho wanted the foundation to bo much deeper than that he wanted It to be upon the wisdom of God himself. "The message of the cross Is the mightiest message of the disasters of evil that the human tongue can speak. There would have been no Calvary, my friends, had there not been tremendous evil in tho world. So I thitfk we would be doing vio lence to the significance of this text if wo Ignored the last words of It, 'and Ilim crucified.' "Our lives do not amount to much, after all, if they do not par take of the element of sacrifice there Is the element of philosophy in the crucifixion." A special service to bid farewell to Rev. Mr. Evans was held at the Christ Inn church laM night. San KrancJfico, Dec. 28 (A. P.) Indications of a slight decline In building activity were renortcd by John Perrin, chairman of the board and federal reserve agent for tho twelfth district in his sum mary for November. The value of building permits isued in twenty principal cities of tho district wiis less by 2.5 per cent than in November, 1924. Com pared with October the decrease, however, was only 13.8 per cent whereas tho normal seasonal de crease from October to November Is 14.7 per cent. "General business activity In the 12th district declined slightly from the high levels of October but con tinned well above the levels of one year ago," says the report. "Indus trial activity and employment de clined seasonally during Novem ber, but also continued at higher levels than In November, 1924." In 1925 agricultural output grew in comparison to the abnormally small output of 1924 and waa ap proximately equal to the five year average, 11)19 to 1923. Prices paid farmers for moat products ns mens ured by department of agriculture Indexes were from three to 15 per cent higher than a year ago dur ing the major harvesting and mar keting periods. Lumber production decreased as usual during November but ex ceeded shipments and new orders received, ns reported by mills of four associations by 13. C per cent and 3.4 per cent respectively. New Linen Mill Proposal Accepted By Stockholders (Continued from Page One) that cltyMip to $72,000, uud there is considerable more in siglil which will no doubt be subscribed I a I or. "Ten per cent has been collected on subscriptions nnd has been paid on about three hundred and twenty odd thousand dollars, showing tliis amount In good sub- sriptums available. There ie prob ahly thirty or forty thousand flol Inrs more on whit h the 10 per cen has not yet been paid, but which Is considered good. There foro the company has available in the nelghbood of $;i.r)0,000 for the erection and operation of a linen plant. Sansome's Proposal. "Last summer, ns you will, at remember, Mr. Saturnine, represent lug tho Dominions Linen, Ltd., of Canada, subscribed $rr,000 You will think that San ta Clnus has been good to you if you buy your tires from Hughes. Iialloons Heavy Duty Cords Let .Hughes show you what 14 years' experi ence means in vulcaniz ing. Your tire will ap preciate it. Salem Vulcanizing Works 474 Ferry. Photie 364 THE CAPITAL JOURNAL, SALEM, OREGON E MARKET EAST The Christmas holidays have brought about almost an absolute calm in the prune market so far as Oregon stocks are concerned, and the demand which was insis tent and steady just prior to Christ mas has completely disappeared, according to Robert Paulus of Robt. Paulus anu company. Little activity can be expected until sometime In January, after inventories have been taken, Mr. Paulus believes, but he then ex pects the market to loosen consid erably. Reports from New York, the principal market for Oregon prunes, indicate the dealers shelv es there to be bare and conditions in London and Liverpool indicate a revival of the export trade early In the new year. Lack of assortment Is the prin cipal obstacle in the way of free selling of Oregon prunes this year all dealers agree, but they are find ing an unusual demand for 30s, due principally to the shortage of that slsto In California. Buyers who demand variety In sizes arc filling out their California purchases with Oregon 30s. preferred stock on condition that they were permitted to buy 1000 Hhuree of common stock, thia being more than the amount pro rata to each subscriber. It was understood that the Dominions Linens would send an expert to alem to take charge of the erection of a plant and operation of same, but when called upon in the fall to pay 10 per cent of their subscription, -they failed to comply and, on being pressed for action, they stated that thoy had made other arrangements and did not care to proceed further in the matter. There are several reasons surmised whereby the Do minions Linens has decided to drop out, one being to the effect that they ban expected to move i heir plant, which ie located in CJeulph, Canada, to Salem and ap ply same on their subscription, and inasmuch as it was not supposed that the company would entertain such a proposition, it is thought they lost interest in the deal. At any rate, they have refused to make payment of the 10 per cent and proceed in the matter. "The board ot directors has hud a number of meetings since the organization in tho lull and has considered the matter of erecting and operating a plant in Salem from various angles, but has con tracted no indebtedness, beyond probably a couple of thousand dollars lor preliminary work, up to date. A Better Proposition. "We now have proposition submitted to us which teems feas ible and which mauy think better than that made by the Canada people. Two men lately came from the east at the board's request and gave such information us they had pertaining to these matters. A man by the name o J. J. Aldred gi Lockport, N, Y., who has had u great deal of experience in the manufacturing of linen goods, has agreed to como to Salom and take charge of Uie erection and instal lation of a plant and to operate same on terms as follows: He to be paid a flat salary of 3000 and cor tain traveling expenses, which will probably amount to $1000 or more for Uie first year, and to work for a similar salary, plus a per cent of the net prorits ot the company m tlie future, which proposition Is very liberal, inasmuch as the $3000 will no more than pay the man's living expenses during the first year. "Further, Mr. Aldred has on option on a weaving and finishing plant in Lockport, N. Y., for $25, 000. This machinery could not he purchnscd new for about three times tliis amount. Mr. Aldred has agreed to forfeit any commission Borrow From Us and repay principal and Inter est In small monthly Install, mcnts. $20.76 each month tor 60 months, or . '' (13.03 each month for 72 months, or $16.10 each month for 84 months, or $14.66 each month for 90 months repays a loan ot $1,000 and Interest. ANDERSON & RUPERT. 406 Oregon Bide. O.G, She said, No, sir, To the grocer; Fruit-ola-nut bread, Or none, she said. Mistland Bakery which be might make on this plant and turn the option over to the company and will supervise the packing and shipping of same, his time to be paid for aa heretofore stated. Locnl Iv Inspected, "To make sure that the machin ery was In good condition and suitable, I had the superintendent of the Thos. Kay woolen mill visit Lockport and make a thorough ex amination of same. He wired me lust week to the-effect that the machinery was O. K. and as repre sented. It is therefore tho idea of your board of directors now that we take up this option, purchase the machinery and ship It to Sa lem aa part of the plant to he in stalled here. Further, to place or ders with manufacturers in Europe for the spinning and preparing machinery, all of which will be new. "We have decided, however, to erect a smaller plant than that originally in tended, on account of the. amount of stock subscribed be ing less than what was originally calculated on. "Wo are therefore submitting this information to the stockhold ers here today and desire an ex pression from you as to whether or not we shall carry out these plans. Two Locknort Plants. "I might add that there were two plants in Lockport, N. Y., of about the.same size .and character. One was purchased by the Domin ions Linens a year ago last sum mer and for a little over $00,000, including buildings and land, and is now beinp operated by that com pany. I understand they have or ganized this plant and issued stock in the amount of about $250,000. If, therefore, this weaving and fin ishing plant was good enough for tho Dominolns L.ineus, who ore practical people and experienced manufacturers, to purchase and operate, then one of the same kind and character should be good enough for us, eepecially when we are able to buy it at about . 30 ccntfl on tlie dollar." John II. McNary spoke as fol lows: " . ".Mr, Sanson's proposition to the citizens of Salem was to cooperate with them In the erection of a lin en mill, for the purpose of manu facturing what Is known as "bread and butter goods," or conrse towel ing and crashes. These articles were to be made entirely from tow. and without the use of line fibre. The board did not agree to this, as our fibre is equal to the best grown in the world, and under his prop osition wo were to ret and scutch our flax, use the tow In tho manu facture of cheap goods, and ship our lino fibre to Canada or else where to bo manufactured Into fine fabrics. By adopting such a policy, we would be in no better position to manufacture linen goods than less favored communities, where flax of a low grade is grown. The profits of cheaper linens are low, as it is collected by London Brok ers from Continental Europe and shipped Into this country In large quantities. Tho tariff on the tow, la only 1 per cent valorem. As a VA i result, theftc tuoda uie sold at a low margin, and extensively man ufactured In America, 'Instead of following the Canad ian policy, the board found It to be to the best Interest of the stock- houlders of our company, to en gage In tiie manufacture of middle class goods, suet) as napkins, ta ble cloths, etc. These goods are woven Into linen by a few Amer ican fnctories from twine shipped from foreign countries, after pay ing thereon, a tariff of from 25 to 30 per cent ad valorem. Our yarns will be spun from our own fibre, and thus' save tho tariff charge, By this change in policy, we will be enabled to utllizo our superior fibre, and return much larger div idends to our stockholders. "Our main purpose In accepting the terms of Dominion linens lim ited was to obtain from them tlie services of a competent manager, nnd a few expert operators. We have, however, arranged elsewhere for such services. "Mr. J. J. Alder has been tenta tively employed as our manager. His credentials have carefully been looked into. He has been one of the most successful manufacturers of linen goods in America, and es pecially successful in taking charge of unsuccessful venture? and plac- Your Headache . ltelicvcd Free Between the lious of 1:30 and 2:00 7:30 and 8:00 Dr. H. D. Redmond 308 Oreson Bltli?. Phone 1 SECURE YOUR SEATS NOW The Heilig's Big MSDNIGHT FROLIC 10 Big Acts Including The famous Telephone Quartette of Portland Girls Galore Noise Makers For All vw.w.v.v,'Av.v.v.v.vAv.v.w.y.y Can You Remember 'Way Back When A merchant bought space in "tlie paper" because his friend Bill Smith was the publisher, and Bill said his paper was read by "nine out of every ten families in town"? Purely a friendly transaction with no thought of whether Bill's statement was open to question or his judgment in error. , Today the merchant wants to know what returns the publication will give as an advertising medium. Com- petition has forced him to buy space as he buys potatoes or sugar not because the seller is a friend of his, but be cause he knows he will get the full quantity that is paid for, and that the expenditure will bring profitable re sults. In other words, selecting mediums for advertising has passed from a haphazard procedure to an accurate scientific process. This has been brought about through A. B. O. reports. The Audit Bureau of Circulations was organized eleven years ago to provide verified circulation data for the use of advertisers. It now has a large force of audi tors who cover the United States and Canada once a year auditing the circulation reports of over 1400. publisher members. A. B. C. reports containing full data on all circula tion questions furnish the only means by which the ad vertiser can be positive that his advertising is reaching the prospective buyers he desires. The Capital Journal is a member of the A. B. ,C. The latest report will be furnished on request. CetpitalAJourhal MONDAY, them uimn u sound financial basis. Ho served his appromu-u- shln In tho oM country, nnd nicer comlns- to America, became mana- Aff..- Si1iirt Prov. British Columbia 5 Bonds 1939, yield 4.90 Prov. Alberta 5 Bonds 1948, yield Poanfcemen't. TBonds 1939, yield 7.00 No. American Edison Co., 6 Preferred, yield 0.18 RALPH SCHNEELOCH COMPANY Rex Sanford, Salem Representative 208 Oregon Building Phone 1427 Now You'll Know What a GOOD Shave Is Ono customer says "I would not take ?20 for my 'James' if I could not get another.' ' B. K. Dyson. Broadway Ph'cy, Maiden Protected by U. S. and For eign Patents. CENTRAL 410 State Street THE HIGHWAY TO LIFE Millions now living will never die. Not in anv past ages was the Highway to Life opened up, for" in all past ages men have continued to die. The Highway to Life means what the words imply; namely, a way by which people can get eternal life here, now. The castinir uo of this highway and You should by all means hear this lecture by J C WAIT DERBY HALL, COURT and HIGH STS. Tuesday, Dec. 29th, 8 P. M. Scats Free No Collection International Bible Students Association DECEMBER 28: 1925 "the time tills mill hud only 40 looms, and waa IlnnnclJlly on the .contlnuca on P-KQ Nine) to Prior Sale Just a few quick pulls on the James Stropper and your blade is ready to de liver perfect shaves and plenty of them. It "whips" the blade automatically just as the barber strops a ra zor. ?2 invested today will make shaving a real pleas ure. Gold plated with fino Leather Strop, all in com pact Morocco Leather Case. PHARMACY Salem Bank ot Commerce Bide. the gathering out of its stones is in progress before our eyes. The way of the people, a way they have never hitherto had, is being made ready for them the way by which they will gain everlasting life on earth. When and by whom will the Highway be opened. I I 1 55- M1 " V
