PAGE TEN
THE CAPITAL JOURNAL. SALEM OREGON
'TUESDAY, OCTOBER 29, 1929
TURKEY OUTPUT
UP 10 PERCENT;
PRICEPUZZLES
?ortland OW With a turkey out
sut greater than during any pre
vious season, there la naturally more
than normal (peculation in the
trade as to the probable price that
will rule for the holidays.
Last season can scarcely be a cri
terion as to what will happen dur
ing the Thanksgiving trade lor 1929
inasmuch as there are two Import
ant factors to consider.
First of all It 1 known that there
la an Increase of fully 10 per cent
In the available supply of turkeys
In this territory. Then again It la
noted that the birds, as a rule, will
welsh considerably more than for
last Thanksgiving. Still another
lactor la that those who paid the
extreme price for turkeys last year
were quick to regret It. Practically
aU of the early buyers lost heavily
last season.
This season the trade la not antic
ipating as high prices as ruled last
Thanksgiving. The trade aims to
have the price low enough so tnat
consumers will buy freely and yet
high enough so that producers will
have a profitable season.
Market for eggs continues to re
flect a strong tone In practically all
leading markets of the country.
Fresh stock is in keener demand and
Id small supply. The public Is get
ting tired of paying fresh egg prices
for storage stock.
Market for butter continues to
reflect an easy tone. While there
Has no change In the price of cubes
on the produce exchange, none was
expected there Inasmuch as no ser
ious effort is being made to follow
supply and demand.
Considerable strength la showing
In the market for potatoes both at
primary points and locally. Prices
here are 10 to 15 cent higher for
the day with advances of at least
that much at leading primary mar
kets. Still another general advance Is
noted in the price of grapes with
the possible exception of Concords.
Seedless are now selling up to $1.75
a lug. Wine grapes are firm at $1
for Muscat and 80 to 85c a lug for
Zinfandel type.
Further gain shown for cabbage
with a scramble for shipping needs.
Distributors are now paying (25 ton
and furnishing crates in their eag
erness to secure their Immediate
needs.
Slightly Improved buying tone Is
noted for eountry killed calves of
top quality but prices are little
changed. Dressed hogs are Inclined
to rule somewhat easier but the
price is unchanged. Lambs continue
alow. Beef slow.
Hothouse tomatoes are lower with
standard $2.50 and extra fancy $3
crate.
Turkish figs offering around 35
to 38 cents pound.
Cauliflower firmer for shipping,
round $1.15 to $1.25 crate. Califor
nia tomatoes are firmer and a dime
per lug higher. Sweet potatoes are
easier and lower 'In spots.
Green olives are quoted around 8
cents pound. Local peas are around
cents pound.
WOOL GROWERS
ASK FOR TARIFF
Portland VP) Directors of the
Pacific CnonprnflVM Wnnl n,A.a
from Oregon, Washington, Nevada,
jumiu mio. amornia ruesoay join
ed With the national aunrtnllnn In
asking .the United states senate to
place a 30 cent a scoured pound
wuiu on loreign wool.
The association, which met Tues
day in me association offices here,
also discussed plans for a national
wool marketing agency and ap
pointed James M. Davis, Pullman.
Wash., and B. A. Word, Portland,
as delegate to the national n,nL
ration committee meeting at San
..B,-,u, jcawa, nuvemoer IB.
Officials said that at. th T..
meeting the nntlnnnl rnmmlttu
would confer with the federal farm
oura on its plan of national co-
vycrauve marketing.
Salem Markets
Coin piled from reports ol Balrtn
dealers, for the guidance ol Cnplt
al Journal readers, tile vised daily)
wnent. no. 1 white 91.07 bu.; red
i-Mru . vo; leea onu 7c; mill
lug oau toc; barley aaa per ton.
Meat: Hogs, steady. Top grades, 130
180 lbs. IW.7&; 160-:;f0 )b. $10 26;
820-200 lbs., at) SO: 2(M--AS() ih su ait
sows, ae.75 to 7.00; Cattle, top steerti
tendy, W.BO to 110; cows & 50 to
jr.ww, iuih auu cuiiers. 9J Ml to 3 -
ww, oiin'i), npriitg iiintji, t 00:
bucks ? to at): olii Mwoa 1 In ft
Calves: Veaiera, live weight 140-180
'u, iifnvy sua mins 7 to 18.
Dressed mwt. Tnn ui u
Ko. 3 grade 14c; rough snd heavy 13c
iu ua, vuif uukb atrnuy, liu-lMI IDS
I&c; other grades HSc down.
Poultry i.igtu iu milium hens
14-1 Be lb.; heavy hens 22 rents per
pound: broilers, springs 20c; stgss
Kgga: Pullets 34c; fresh extras 43c;
B UUerfRt. 61c: Print huttttr fuu tv
file; cubea extras 4Hc; standard cubes
Freeh fruit: Oranges :t 50 to 90 00
ease: lemons $16; limes 93; bananas
vc id. grapes, seedless 9i o0; Tokays
at an- irtiiiuriii c.,,rri. i.
Lady finders $1 SO Ziufttridrl 1,75
iig; wrappen ana packed, jip Jena
than snules. Yakima u'2.16: fur taml
Ml 91&0. Spttzenbergs 91 50; Baldwins
91-60; huckleberries Itto lb;
round cherries 16c lb; cranberries
mo ov su.; pears du.; casta bas 4c lb
Ponieuranltoa 92 60 luir.
Fresh vegetables: Tomatoes 91 box:
Cucumbers, field run 91 box; hot
house. DOc to 91 AO doz.; Potatoes
local, Yakima 92 60; Yakima Bluebird
ma; lettuce, oeaitie a ao, Ued 9J 76,
Vancouver 92. -42 25: Labith ai 60: I-
blah celery iX 70; liearu 90c; Cabbags
Sc lb.; green beans 9c lb; Rgxplant 91 -60
cantaloup flat; Red poppers 10c
lb.; green 6c; spinach 90c box: cauli
flower 91.10 to 91 20 crate. Artichokes
$1 50 dos. rnsael sprouts 14c lb.
Bundled vegetables: Turnips 40-ftOc
doren; parsley 60c; rnrrots 400 to boc;
bets. local 400 to SOc; onions 40c to
toe; radishes 40c to 60c.
Sacked vegetables: Onions, local 93;
Yakima 93 25; carrot 2c; rutabagws
Vio lb.: garlic loo lb ; tweet potatoes
Be; Marbelhead squaah 3c lb.; Hub
bard and banana lo; pumpkins 9c
lb.; turnips 3c; parsnip I'c,
WOOl, MOII4IH
Wool, fin 80c; medium SSc: eoarss
0Oo per lb. Lamb wool 39c; fall clip
SIM. liohalri fail clip, old 35c; kJd too.
MARKET QUOTATIONS
PORTLAND 1 1 NT li
PortUud V Cattle and calves:
Slow; quotably steady. Calves snd
vealers 60c lower. Receipts csttle 65;
calves 15, Including 63 cattle
through. Steers 1100-1300 lbs. 910.26
to 911, good 910.26 to 111; medium
9U 50 to 910.25: common 97 to 99.60;
heifers, good 99.90 to 99.50; common
to medium 96 to 99. Cows, good W to
98 60; common to medium 95 to 44-50;
low cutter S3 to o. Bulls, good to
cholc 97 to 97.60; cutter to medium
96 to 97. Calves, medium to choice
96 to 910 50; cull to comman ltJ-48.
Vealers, milk fed, good to cholc 911
to 913.50; medium 9.00 to 911; cull
to common 90.00 to 99 00.
Hous: steady. Slauuhter classes 25c
lower. Receipts 475; heavy weight, 260
350 lbs. medium to choice 99 to 910;
medium weight, 200-260 lbs. medium
to Choice 99.50 to fiu.au; ligni weigni,
160-200 lbs., medium to choice 410.25
to S 10.60. Unlit Hunts. 130160 lbs..
medium to choice 9960 to 910 60.
Packing sows, rougti snd smooth
97.50 to 96 60; slaughter pigs BO-130
lbs., medium to choice 99 60 to 910.
Feeder and stocker pigs 70-129 lbs..
medium to cnoice sa.ou 10 viu.zs.
(Soft or oily lions and roastingpigs
excluded In above quotations).
SheeD Ac lambs: Receipts 100. Lain db
84 lbs. down, good to choice 910.50
to 911; med. 99.50-9io.bo; an wis., cun
to common 97-99 60; yearling wethers
10 lbs. down. med. to cnoice so.au-su.
Ewes, 120 lbs. down, medium to choice
13.75 to 95: 120-125 lbs. medium to
choice 93 to 94.60; all weights, cam-
mon 91 to J.
POHTI.AM PKOM E
Portland (UP) Butter. Cube extras
48c; standards 47c; prime firsts 46c;
flrats 4 1 'a C.
Eifira; Poultrv Producers' prices
Frehh extras 46c; standards 42c; fresh
mediums 37c; medium firsts 34c;
fresh Dullets 30c: first pullets 28c.
The price to retailers Is 3c higher.
Butter I at: Direct snippers ir.-.
price No, 1 grade 49c; No. 2 grade 44c;
stations. No. 1, 48 to 49c; No. J, 43
to 44c; Portland aeuvery prices no.
1 butterfat 51 to 62c; No. 2, 46 to 47c.
Milk: Buying price jour percent.
92 50 to 92.55 cental.
Cheese: Selling price to retailers:
Tillamook county triplets 29c; loaf
30c. Tillamook r 0.0. selling prices:
Triplets 27c; loaf 28c.
Live poultry: Heavy hens over 44
lbs. 26-27c; 3a to 4la lb. 22-24c; un
der 3'., lbs. 20-27c; broilers light 26c;
colored 20 -22c; old roosters 12c; stags
18c; ducks 18-20C
Turkeva: SelllDK price to retailers.
Fancy dressed hens 37c; young tonis
38-39c; alive 25-28c.
Fresh fruit: Oranges, Valencia 93.
25 to 98.75; grapefruit Isle of Pine
99.60 to 910 case. Texus 95.50 to 98.50.
Limes, five doz. case 92.50; Bananas
7ac lb.
Cranberries, McParlane 96.76; Jum
bo 96 75 to 97. Lemons, California 914
to 915; Cucumbers, local 65c to 91-35
box. Hothouse 91 to 9150 dozen.
Tomatoes: Local w 10 soc dos; vbi-
lfornia 9125 lug. repacked.
Onions: Selling price to retailers:
s.t ft-iic lb.: Yuklma globe 91-25 to
91. 60; Oregon 91 50 to 9175.
r'resn vcgciaoie. oniuw vi ' ----tuce
local 9125 to 9150; cabbage,
local 3 to 2'4c lb.; green, beans 14 to
15c; corn 91 50 to 92 per sack of 6 doz.
firnnpH- HeedlfHB uer lug 91-50 to
91.75; Tokays 91. 50 to 91.76; Emperors'
91 60. ComiMhons per lug 91; Zlnfan
dels, per lug 91; Concords per lb2 .',2C-
eggplant, i-oc iu. V.HUHWUWCS, iw."
75c to 9135. Honeydews Jc lb.
Huckleberries, nmcy n-ioc iu.
Table potatoes, Deschutes gcmB
93 40 to 43 50; Yakima 92 50 to J
cwt.; western Oregon 42.25 to 2.75.
Sweet poiaioea: iaiiiuiiim
lb.; southern yams 92.50 crate.
Fresii oaies: uaiuoium n. i.
fn.ii.tru mpftiH- Ki'lliiiB orlcc to re
tailers: Country killed hcys, best but
chers under 150 lbs. 15U to 10c; veal
76 to 90 lbs. 14 to 161?3c; lambs 13
to 30c; heavy rnunon
PORTLAND KAHTSIllK MAKKKT
v .i .,DU.i,nt miti'tcnr
Apples biiuwcu - - -
movement on the Eastslde Farmers
Murket for the Tuesday session. Nor
thern Spy was the chief variety
sought and It sold well up to 91-25
box for Jumbo pack. Most of the
Btock wus of fair quality but had con
siderably number of stings.
Blackberries were offered and sold
up to 92 crate. Potatoes moved quick
ly at 91 orange box for very small
size up to 91 90 for fancy stock.
Lettuce neia r generally "
and 91.25 crate. Cabbage market was
firmer wun saies geneiaiiy
15 crate, a few higher. Red at 9125
cantaloupe crate.
Summer aquann wm "
SC toe peiu wii. -""
changed. Brussels sproits Bold mo-
ly fl.Q peacn oo. ruiiiiiBim
Well Bl OUC Clllllliiuiiyv univ,
n i - n'ai trnnfftr
Willi inrePB Bfiiiint u v" , ,
Cauni lower soiu uv w i . t
ana ou io
2 stock sold as low as 60c. Corn sales
were pnm ii")F -? ,
Oj'ster plant was offering at 40C
dozen miucnen. vincu w'- .v..
around 60c box.
carrots iuc i' "-"'" In tn
;wc; rauiBiiea u 1 ViV V pin-
50c. Onions, nry iurmr j-..
Spinach. 70 to 76c orange boa. Hasp
berries, local crate 93.
Tomatoes u iu ow
bunches Jumbo 70c; number one, 60c,
a. two, 45c; nenri
Portland u-) Huy. steady. Buying
prices: East. Ore. timothy 930.50 U
921; do, vauey iw m "
918 to 919; clover 918; oat nay 9p:
straw 97 to 98 ton. Scllluu prices 9i
more.
aau b.-u a vnui'A PmilTltV
Pan Francisco ( (Federal- State
all sizes 3'i to 33c; colored 4 lbs. and
up 31 to 32C. Broilers: uegnorn,
lbs., per doa. 33 to 34c. Fryers, col
ored under 3'i lbs., 30 to Sic; I-eg-
. . n lh 11 in 4-( HrUtNtara1
young 3'i lbs. "and up. 30 to 31c;
capons, noniiniu. mncj.
Old 28 to 30C.
MTU, IIOPN. WOOL
Portland (tiPl Niis: Oregon wal
nuu 22li to 38c; California 20 to 38c;
peanuts raw 10c; BrasMls. new crop
22 to 24c; almonds 34 to 3Bc; filberts
IB to 20c; pecans 24 to 25c.
Hops: Nominal. 1928 crop 11 to
l3Cool: 102B crop nominal. Willam
ette valley 38 to 33c; eastern Oregon
18 to 27!iC id.
CARC AH A HRK
Pni-tinmi mt Caacara bark, iteaay.
B'i to 8c.
RN FRAM IHrO I'KI IT
San Francisco OT. S. M. H. 8.)
Apples: Fancy PesTmains 3S tlrr
93 00 to 92 25; 4 tier 9175 to- 93 00.
Delicious 92 25 to 92 75; Belleflow
ers, fey. $1 95-91.85; Kings $2.-42 25;
Newtown Plpplna 42 -42 25. Jonathans
$2 25-42 50. Oregon: Winter Bananas
XF 9150-92 75; fey. 92 -42 50. Jona
thans fry. $2 50-9275; XP. 93 75-43;
KIiiks. fey. 92 50. Oravenntelns fey.
$2 25-93 60. Home Beauties fey. 92 36
92 50. Spltzenberg XP 92.76-93.
Pears: Bartletts. Lake county, std.
box fey. 91 76-94 25 No. a 92.-93.26.
Winter Nells 92.35-92 60.
Celery: I-ocal 91.75-92.79. Oregon,
$3.60-$4. Poorer low as $3.
into n i hi it, nora
New York W Evaporated apples,
seady. Choice 13 to Uc; fnnry 16'i
to 15' jc. Prune, steady; California
$S to 11V; Oregon 11 to l&Vfcc. Ap
ricots stendy; standard 15 to Iff')0
Choice 17", to 19c; extra choice 31 to
24c Peaches, steady, standard 15c;
choice 16c; extra choice 16 to 164c.
Raisins steady, loose Muscatels 5i
to 8c: choice to fancy seeded 014 to
flc; seedless 9'4 to B'jC
Hops, steady, stste 198, IB to aac;
1927 nominal; Pacific coast 1929, 10
to 31C; 1927, 15 to 160.
KIN" FRANPIMCO HI TTKR FAT
Ban Francisco Butterfat, f.o.b.
Sau Francisco, 64c.
rim-tuo (iHUv
Chlrniro 4- whrst futures: Dee.
open si J to Si !; hiih ti low
1 JO V rloew 1 J4 to 41 26. March,
oped i 2ft to hish 11.32V
low 1128: doss SI .32i. Mar, open
1 90 to 41 32; hlRh 1 30V 41--30V
d"" 41 3ft1, tn V
Lard 41040; ribs 411; bellies 110.60.
l lW Itl'OOI. WHEAT
LIvctoouI UP Wheat ranee rvt
nrvn hlvh SI 31 ft. II- Inn 1.. a. 1
28 6-8. Dec, open, high 9 1.34 V; low.
close 91.32. March, ooen. hiuh ai -
394; low, close 91.38. May, open, low,
close 91.43!4; high 91-43 3-8.
YYINMPfcO WHEAT
Wlnnloeu. Man. itlPi Whnt rami
Oct.. open 91-33'4; high 41-35 ; low
1.321,; close 91.3474. Dec., ooen 91.-
35; high 11.30; low 91-31; close
Si.db'a. May, open l.4i; high 91.43;
low 91.38; close 91.424.
POKTI.AMI H HEAT
Portland 5 Wheat futures: Dec..
open 9120; high lUll low 91.
18 3-8; close 9130. March, open, low
91-26; high, close May. open,
high 91.30; low 41 20 3-8; close 41.-
38. .
Cash wheat : Big Bend Bluestem.
hard white 91.33; soft white, western
white, 9119 1 2 ; hard winter, northern
spring, western red 91-18.
uais, no. d aa-io. wnue J4.
Today's car receipts: wheat 61, flour
12, corn 1, oata 1, hay 1.
rillCAfiO MVKSTOCK
Chicauo &) (U. 8. D. A HoffB
29.000: steady to 10c lower; bulk good
to choice 160-30U ids. a ao to w ao;
packing sows, mostly $8 to $8 .50;
butchers, medium to choice 250-300
lbs.. $8 50 to $9.50: 130-160 lbs. $8.85
to $0 40.
Cattle: Receipts vuo; csives mow;
very uneven, slow, sluggish trade on
weighty steers. Light yearlings In fair
ly broad demand; slaughter classes:
steers 1300-1500 lbs. $12.75 to $15.85;
fed yearlings 750-950 lbs. $13.75 to
$16 25: vealers. milk fed, $13 to $15.
Sheep 15,000; steady to strong. Na
tive iambi S12.50 to $12.75: fat ewes
$4.50 to 95.50; feeding lambs quot
ably steady: lambs, 92 lbs. down $12 -25
to $13.10; feeder lambs $12.25 to
$13.85.
STOCK MARKET
SALES SET NEW
RECORD TOTAL
New York (U The battered
stock market swung forward In the
last three minutes of the greatest
day In Its history Tuesday a swing
forward brought about by millions
of dollars backing from bankers
and supported further by state
ments ol confidence from finan
ciers. Trading Tuesday was at tne
greatest volume In history 16,410,
030 shares. The previous record
was 12.848,650 last Thursday.
It was an amazing recovery, uur-
Ing the day, prices had shot down
and down. Trading had been at
its greatest rate, passing the 13,000,
000 mark at 2:10 p. m.
In the last hour the down-swing
carried on V. 8. steel, leader In all
good movement of late, had
slumped off to 167 in a steady rout.
Then three minutes before the
close came the turn. Steel waa bid
nn to 175 an eight point gain.
Steel's closing quotation was at
174 off 13 point on tne aay, dui
far higher than It had been only
a few minutes earlier.
American Can closed at wiui
loss on the day of 15 pointa but
10 points higher than It was earlier
Tuesday afternoon. New York Cen
tral closed at 180 i for a net 3 '4
point gain after being below 180
during the day.
Tickers were running far behind
the market all day on both the
curb and stock exchanges. No one
tried to follow prices. Few had the
pleasure of giving orders. That
was done by the brokers who sold
out thousands of accounts of some
of the small traders able to hold on
until Tuesday and many of the
large operators who are now leei
lng the brunt of the decline.
The stock ticker at 3:50 p. m. was
nearly one and one half hours late,
Indicating It would run until 5:30
p. m.
At the close the curb ticker was
115 minutes late and was expected
to run until after 5:30 p. m.
Liquidation attained the largest
proportions In history at the open
ing. Blocks of 60,000 to 80.000
shares came out. On the curb,
Cities Service featured with a sale
of 117,000 shares at 24'4, off 3
Later the Issue broke further and
word was received that the com
pany would withdraw righta to buy
new stock at the original offering
price of $45 tor present holderls.
The downward momevent was aid
ed by collapse on one curb broker
age house.
During the first half hour busi
ness was at the rate of more than
32.000.00G shares for a full day.
Sales of aclve stocks by periods
calculated by the stock exchange
were:
10 to 10:303 259,800
10 to 128,378 200
10 to 1:3012,652,000
10 to 3:1013.839.000
Most price closed above their
lows but were still two to 20 points
or more below the previous close.
Wtftlnghouse Electiio which at
one time was at 100 flat, off 45 from
the previous close, rallied to close
at 120. off 19. Oeneral Electric.
which had touched 310, off 40
closed at 222. off 2. United Cor
poration rallied from 25'4 to Sl't,
but failed to hold the gain closing
at 35H. off 7 for the day.
PABST LABORATORY
EXPERT IS VISITOR
Grand Island A. Sweet of Den
ver, Colo., a representative from the
Pabst laboratories maa here Satur
day and Inspected the eight acres of
artichokes being raised here and In
structed the farmers to dlff them
about the middle of November. He
weighed some and estimated from
12 to 16 tons yield per acre. These
are only a start for If the results are
satisfactory a large acreage will be
raised annually.
ESPKE KFVEM KS
San Francisft) (fl Southern Pa
cific company reports September
revenues slightly under the same
month of last year at S6.280.0O0
Nine months revenues were nearly
46.000.000 ahead of last year, at
more than 445.000.000.
STATE lU'VH BONDS
Eugene, iAt The treasury de
partment of Oregon was nigh bid
der over two other firms Monday
for a 4200.000 Issue of municipal
Interim power and light bonds for
the financing of the Eugene- power
project at I a burg. The state's
bid was 409 06 for each 4100 bond
bearing 6 per cent interest.
GIANNINI TALKS
ON DECLINE IN
BANCO STOCK
San Francisco, (JPy-Transamerica
broke 32H points on the opening
sale of 3700 shares, 17500 shares be
ing offered at 9:50 Tuesday morn
ing after trading had been suspen
ded 60 minutes to allow bookkeep
ers to handle the enormous volume
of selling orders.
Trans-America in 20 minutes had
climbed to 47 as support came into
the market and 10,000 shares chang
ed hands. The support was attri
buted to an appeal by Olannlnl to
his friends and to his stockholders
to buy the stock on Its Investment
character which, he said, was un
impaired by the stock market cata-
clism.
Other stocks which tumbled pre
cipitancy Included Caterpillar, down
nine to 52; Standard Oil of Cali
fornia, down nine to 66; Union As
sociates, down four to 4214; Pacific
Lighting, down ten to 72; and Bank
of California, which dropped 35
points on a small turnover to 315,
and Paraffine down 9i to 65.
San Francisco, OP) The decline
Tuesday In quotations on stock of
Transamerica corporation was met
at 9:30 a. m. (Pacific coast time)
with the following statement from
president A. P. Gianni ni:
The fact is that Transamerica
was the last stock to desist the
present decline affords a fair ap
praisal of its Investment value,
but with the change in the general
trend, It should not be surprising
that Transamerica eventually fol
lowed the other leading stocks of
tne world. .
Selling brought about to pro
tect the margin accounts and' to
provide funds for the purchase of
securities which have declined so
drastically In the present market
prices is the basis for the decline
in our stock. We are facing the
situation with confidence and feel
sure that our stockholders will do
the same.
"It must be borne in mind that
Transamerica is primarily a bank
holding corporation and the real
value of its holdings has not been
affected. This Is a period that calls
for clear heads and bold hearts."
WHEAT CLOSES
STEADIER AFTER
EARLY PLUNGE
Chicago (IP) The wheat market
showed a steadier tone after the
opening slump here Tuesday and
closed the day only slightly lower
than Monday. The weakness of the
stock exchanges caused the early
drop despite the financial support
to the government. Prices rallied
and fell several times during the
day but a good demand was in
evidence most of the session. For-
reign markets and eastern house?
are reported to be buying and
there is a large demand from the
northwest. Milling interests are
said to have made sizable sales of
flour. The gulf exported some
wheat.
At the close wheat was H to 1
cents lower; corn was down H to
cent and oats was H to 1 cent
lower. Provisions were weak.
AIR HUNT BEGUN
FOR MISSING LINER
(Continued from page 1)
Albuquerque. Other ships left Los
Angeles and Colorado Springs about
the same hour.
Jack Pry, president of the Stan
dard Express, a subsidiary of the
Western Air Express, was at the
controls of the plane which left Los
Angeles. He Is well acquainted with
the route.
In the plane from Colorado
Springs were Captain C. W. Prance,
district manager of the Western Air
Express, and Phil Phllbln, district
manager of the Mid-Continent Air
Express, a subsidiary.
The two passengers aboard the
missing liner were: Dr. A. W. Ward.
Sim Francisco and W. E. Merz,
Mount Vernon, N. Y. The crew:
Chief pilot James A. Doles, 28, Los
Angeles: co-pilot, Allan A. Barrie,
26, Burbank, Calif.; steward. R. L.
Brlten, 25, Los Angeles.
Los Angeles officials of Western
Air Express refused to abandon hope
that the pilot had swerved from his
course to avoid an unexpected storm
and had landed safely In some re
mote spot from which he could not
communicate with them.
The region la Isolated and It
might be m day or more before Doles
could reach civilization If ha was
forced down." the officials said.
After leaving Kingman, the plane
was to have passed over Holbrook.
a "flag" stop, but was not seen
there. However, the reports placed
it over Adamana and Navajo to the
east and a bridge watchman at Pin
to, Arts., said he heard but did not
see a plane he believed was flying
in the clouds. Prom that time on It
had not been traced.
The plane's scheduled arrival time
at Albuquerque waa 11: IS a.m. Mon
day. It took olf on Its regular flight
to the New Mexico city from Los
Angeles at S a.m.
The terrain between Adamana
and Albuquerque, some 160 miles, la
mountainous and dotted with cra
ters of extinct volcanoes. Landing,
except on one of the few level mesas
scattered throughout the area,
would be extremely perilous, those
acquainted with the country said.
Denver Snowstorms which
swept Into the Rocky mountain re
gion Monday night on the heels of
a gale, held stormbound Western
Express planes which were to have
taken off Tuesday to aid In the
search for the mLulng Western AU
Transport plane, believed down in
western New Mexico or eastern
Anions.
Official Washington
Hoping For Decisive
Crash, Then Harmony
Washinirton (UP) Responsible officials here are not
so much concerned about the
they are that the business, painful though it may be to in
dlviduals affected, be over qulckly. "
They fear the elfects of a long
gradual decline filled with months
of discouragement rather than a
sharp, quick break which will end
suspense and reveal the worst with
out delay.
For this reason officials here are
not alarmed over the outlook. They
believe the drastic drops of the last
ten days were Inevitable and they
believe it Is well that the declines
have been forced into that short
span instead of dragging out for
months.
While more settling down Is ex
pected, officials here believe the
selling wave Is nearing its end.
Stock prices for many leading is
sues, according to the view nere.
have reached prices in fair relation
to earning capacity after a long
period of speculative inflation
which sent them out of all bounds
with regard to prospective divi
dends.
Officials In closest touch with the
general financial and business sit
uation are confident the effects of
the break will not extend into gen
eral business but on the contrary
will release money to other business
and industrial uses. A long period
of comparative quiet in the stock
market is anticipated by many of
ficials here while Individuals, dis
illusioned at the failure to make
easy killings in Wall street, turn
to more prosaic but safer places to
Invest their savings.
Officials here find grounds for
confidence In the fact that money
is not tight. Druing the 1907 panic
money could not be had in many
Instances. This Is not true now.
Banks have plenty of liquid funds
for loans and interest rates have
not been affected, one official
pointed out.
Although financial depression Is
the most serious thing that can
happen politically to an adminis
tration, there are few signs of anx
iety here. Close contact is being
maintained with money centers
but thus far information given to
officials here is reassuring. For
this reason officials who otherwise
might feel concern over the reac
tion politically are confident that
within a short time it will be seen
that business - fundamentally has
not been materially affected.
There Is little likelihood of any
investigation of the stock market
situation by the senate at least
until after the regular sessions be
gin, but senators individually are
expressing Interest In an airing of
tne circumstances which led to the
current collapse.
DEATH SUMMONS
NOAH ROSENIAUM
Funeral services for Noah Rosen-
baum, 78, former sexton of the I.
O. O. P. cemetery, and leader In
the I. O. O. P. lodge here, who died
Monday afternoon In his home near
the old boys' school between Salem
and Turner, will be held Wednes
day afternoon at two-thirty at the
Terwilllger funeral home and In
terment will be made In the I. O.
O. P. cemetery. The Odd Fellow
lodge will be In charge.
Besides his widow, Martha, he Is
survived by two sons, E. A. Rosen-
baum and O. H. Rosenbaum, both
of Salem. Although he had been
In poor health for a year, Rosen
baum's condition became critical
only a week ago when he suffered
paralytic stroke.
Rosenbaum was born In Virginia.
He came to Oregon In December.
1. He lived In Salem until 1910
when he moved to a small tract of
land near the boys' training school.
his home until his death. Rosen
baum was a member of the Leslie
Memorial church of Salem and he
had gone through all the chairs of
the I. O. O. F. lodge. His first
wife died here In 1922 and he mar
ried again.
GREAT LAKES STORM
TAKES ADDED LIYES
(Continued from page 1)
in progress, and five others were
unaccounted for. Several persons
brought from the ship by the life
savers were unconscious from expo
sure when they reached shore, but
they soon revived. There were no
women aboard.
Fifteen men who clung to a life
raft aboard the steamer as it sank
were rescued by the Chambers Bro
thers' fishing tug and were brought
ashore. Eight life raits and one of
the six lifeboats were still on board
when the stern of the ship was seen
to sink, the boat rolled heavily on
its side and settled beneath the
waves.
The two power boats of the Ke
nosha and Racine coast guards
pushed out again Into the 30 foot
waves In the fragile hope that the
last remnant of the crew might have
escaped on the rufta before the
Wisconsin sank.
There was IS feet of water In the
vessel at 6 a m. when the last of the
the rescued left the steamer. They
had left their shipmates huddled on
the deck, dinning to life boats, shiv
e ring and soaked by the huge waves
whipped up by the second Yiolcnt
storm In a week. The Wisconsin had
been the only vessel to ride out the
gale of a week ago.
SNOW OX M'KENZIE
Eugene 0i A blizzard on the
east slope of the Cascade moun
tains waa reported by a party of
Eugene persons who returned here
Monday. They encountered the
storm 8unday and returning to
the Willamette valley via the San
tiam pass they found snow an
inch and a half deep on the summit.
break in the stock market as
MITES CAUSE OF
BLACKBERRIES
TURNING RED
Evergreen blackberries which re
fused to become "black" but re
mained red and hard although they
fully matured in every other way
were probably infected with a
blackberry mite, according to the
reply which County Fruit Insec
tor, S. H. Van Trump, received
from the experiment station at O.
A. C.
A sample of the red "black"
berries taken from the George Mil
ler berry farm near Fairfield was
sent to the college experts by Van
Trump for diagnosis. Sixteen rows
of berries hi the center of the Mil
ler field where soil conditions and
drainage conditions were of the
best, refused to ripen. All other
berries in the field matured as us
ual. The same difficulties were re
ported from a number of other
evergreen berry growers.
In his first letter to van Trump.'
Don C. Mote, entomoliglst at O. A.
C. said the berries had all the
symptoms of a disease commonly
known as the redberry disease of
the blackberries, caused by a black
berry mite, Eriophyes sp. This
mite is known to attack a num
ber of varieties of blackberry in
cluding Mammoth, Oregon Ever
green, Lawton, dewberries, logan
berries, raspberries and Himalayas.
The mite was first discovered to be
doing damage to blackberries in
California and is found to be dis
tributed along the coast of Califor
nia clear up to the Oregon line.
Mote said the berries sent from
Marion county were the first record
of the red raspberry disease occur-
ing in Oregon.
In his second letter, Mote .said a
mite was found In the berry speci
men sent by Van Trump but that
the Marlon county mite was not
the Eriophyes species said to cause
the red blackberry disease in Cali
fornia. He suggested that the
trouble might be physciological and
have something to do with the
moisture requirements of the plant.
van Trump, however, says that
drainage conditions were of the
best In the Milter field where the
disease was found to be the most
active.
In California, growers have been
using the application of commercial
lime sulfur solution at a strength
of from 4 to 8 per cent. The ap
plication Is preferably made when
the growth starts in the spring and
before the flowers opened. Pruning
and trelllsing. It Is said should
precede the spraying and great
care should be taken to completely
cover the stems and buds in sorav-
lng. No assurance Is given by the
college experiment station that the
lime sulfure spray would be ef
fective In Oregon.
FLAMES DESTROY
SILVERTON HOME
Silverton Fire destroyed the
dwelling occupied by the S. Dough
erty family at the end of Liberty
near Norway street about 8:30 o'
clock Monday night. The house Is
located across the tracks from the
Silver Palls lumber company yards.
oougnerty was sitting with his
shoes off when the family first
became aware of the fire and he
was forced to leave without putting
his shoes on. Nothing was saved
of the contents and neighbors arc
taking care of their four children.
the oldest ten years. A defective
Hue Is believed to have started
the fire, which broke out through
the roof. The alarm was given by
the night watchman at the mill.
There was no Insurance on the
contents of the house and It Is
not known here whether William
Wandlcott, of Stayton. owner of
the property. Is protected by lnsur
ance.
CUT PRODUCTION
OF CRUDE OIL
Los Angeles (IP) Independent on
erators In the Santa Fe Springs
oil fields moved Tuesday to put an
end to proposed cut In crude oil
prices by an agreement to slow the
production schedule from 270,000 to
150.000 barrels a day.
It was said that all of the Inde
pendents with the exception of the
Wllshire Oil company were willing
to sign the production agreement
effective November 1.
A meeting of Signal Hill operators
will be held In Long Beach Wed
nesday In an effort to reach
similar agreement, according to
Judge E. D. Retter, head of the
Independents.
A haddock recently caught In the
Firth of Forth, Scotland, had a
Mlver sleeve link In Its stomach.
FFLC00D?,
Ua .ltmntf ittrt frotn poor lira.
Uktlen 'nnaatipavoott or Mmi-0nli-
MtiMn). IntMUM MWOM MP Tim
It. atM,rft.i row llui wd
II fat tnlartt Iiltaini r m
NATURE'S MMIST-ftll-TCffUbW
ILm heiw Ml will id ia natonnf rw
WMtlM n4 rid roa t Utftt htW.
rrm. uwk a mjuj.
TRANS-AMERICA
STOCK PASSES
FRISCO CRISIS
San Francisco (IP) Trading In
Trans-America corporation, tem
porarily suspended on the San
Francisco stock exchange at the
opening Tuesday morning, was re
sumed shortly before 10 a. in.
The opening quotation was so1..
an over-night loss of 30'a points.
The market value of the stock was
more than cut In half upon the
basis of first San Francisco prices.
Montgomery street was in a iur-
ore of excitement when it became
apparent that the heavy support of
Bank of Italy Interests, which so
far during the market crisis nad
maintained the price . within a
range of one or two points of 62x.2,
had been nullified by the over
night landslides of individual sel
ling orders.
Upon the basis or tne opening
prices In San Francisco, Trans
America held by 150,000 stockhold
ers, had lost $751,480,000 In market
value since the last quotation
Monday.
The stock wai selling at sib a
share less than the book value of
50.
Thirty-seven thousand snares
sold in 8an Francisco at the open
ing price. The stock thereat ir
moved In spectacular manner.
Ten minutes after trading nad
been resumed the price moved up
to 33. In another 20 minutes it
had forged forward to $41, with 10,
000 shares selling at this price.
At 10:15 a. m. it was back to 3.
Trading was delayed for almost
an hour after the market opened to
permit specialists to straighten out
the avalanche of buy and sell or
ders and fix an opening price.
A reassuring statement by A. r.
Gianninl, Issued during the Interim
while sales were under suspension
here In an effort to fix the open
ing price, did not prevent an open
ing quotation of $13 less than the
first price Tuesday on the Los
Angeles which was $45.
Effective support of the Bank or
Italy Interests to Trans-America
and to Intercoast Trading company,
an Investment trust, prior to the
collapse Tuesday Is evidenced by
the even trend of prices Monday re
gardless of performance of other
less fortunate issues in the general
maelstrom.
Monday's range:
Stock High Low Close
rTrans-America 62 ; 62 H 62' i
Intercoast 28H 27 28S
New York (IP) The opening sale
of Trans-America corporation on
the New York curb exchange Tues
day was of 25,000 shares at 20 U,
off 42 !; points from Monday's
close.
The opening sale was not made
until after noon.
DROPS THIRTY FEET,
BREAKSM GLASS
(Continued from page 1)
frosty and the machine skidded.
climbed the eight Inch rtee of the
pedestrian walk end then after
breaking out about 50 feet of fence
and railing, plunged into an up
right position, headed In the op
posite direction to which it was
traveling at the time of the ac
cident.
It Is not known just how the
women occupants of the car receiv
ed their cuts, although Miss Hogg's
Injury probably came from eye
glasses she was wearing.
The woodwork of the steering
wheel was ripped from IU fasten
ings and it Is believed the column
struck Hogg In the breast.
The Injured were taken to a doc
tor In Salem where their hurts
were attended to.
Several accidents have occurred
on the Polk county approach to the
bridge as the result of frost, but
the one Tuesday morning Is the
first which has resulted In a car
leaping clear of the structure.
Hogg Is a prominent farmer tn
Polk county, and Is Interested In
the raising of pure blood livestock.
POTATOES HARVESTED
Broadacres The potato harvest
Is about completed In this locality.
The quality Is not all that it should
be but the long continued dry
weather Is the cause of the poor
crop It is said.
Signs of the Zodiac are being used
as patterns for dresses In London.
Rumania plans to spend $180 000.-
000 In reconstructing Its highways.
Rheumatic Pains
Many rheumatic and sciatic nalns
are due to Impurities and toxins In
the blood because ol poorly func
tioning kidneys, sedatives, dopes
and powerful drugs give only tem-
iurary reuei ana ao not remove
the cause. If vou suffer stiffness
Joint aches and rheumatic pains,
get the new, quick-acting Cystex
Test at any drug store. No sedatives
or narcotics. If you don't soon feei
free of pain and like new, you get
your money back under our Iron-
iaa. Money Back uuarantee. Cys
tex, special, only 60c. Capital drug
dm? stnre. adv
SAFE
milestones
on your
RADIO
JOURJfEY
raj
II ,i T II
FIRST TURKEY POOL
TO BE SOLD NOV. 4
Roseburg, Ore., (IP) The first
Oregon turkey pool will be sold,
November 4, it wu announced
Tuesday. Three other pools In Ore
gon, Idaho, and Colorado, all
working in cooperation, will place
about 40 carloads of turkeys up tot
bid for the Thanksgiving trade.
Umpqua valley turkeys, hereto
fore, have been shipped under two
grades, number pne and number
two, but this year it is proposed to
ship under three classifications,
the Intermediate grade containing
the poorest of number one and the
best of number three. Four grade
are provided I:-' the government.
THIRD MERGER
OF HOUSEHOLD
FOOD PRODUCTS-
New York (JP) The third large
merger of food and household pro
ducts companies to be put together
within the past year is being ax-
ranged by the National City bank
interests, and will be grouped under
a new holding company to be call
ed the International Quality Pro
ducts Corp., it was learned Monday.
Through this company will be ac
complished the long rumored merger
of the Hershey Chocolate Co., the
Kraft Phenlx Cheese Corp., and the
Colgate Palm olive Peet Co. It is ex
pected that other units will be added
from time to time. The new com
pany is expected to have capital and
surplus of more than $150,000,000,
Formation of this organization
follows closely the organization of
Standard Brands, Inc., under Mor
gan sponsorship. The Morgan con
cern has acquired control of the
Fleishchmann Co., Royal Baking
Powder company, E. W. Gillette Co. .
and Chase Sc Sanborn. It has re
cently arranged to acquire the Wid-
lar Food Products company.
The other large company which
has been recently expanding in this
field is the General Food Corp,
sponsored by E. F. Hutton Sc Co.
This concern built up a long line
of products over a period of years
under the Postum Co., which waa
changed to General Foods Co. this
year. This year s acquisitions include
Certo Corp., Diamond Crystal Salt
Co., and North Atlantic Oyste
Farms. Inc.
CURB EXCHANGE
FIRM CRASHES
New York m The first casualty
of the current break in the market
was the firm of John J. Bell and
Company, which was suspended
from the New York curb exchange
for failure to meet its Ope
ments. John J. Bell, head of the flrn
was admitted to the New York
curb exchange on June 24, 1931.
The Bell firm was not engaged
in a general commission business
although Mr, Bell, a floor trader, la
reported to have handled accounts
for several of his friends.
Finland's only linen firm now
employe 3.000 people.
Itching Ends When
Zemo Touches Skin
It's wonderful the way soothing,
cooling Zemo brings relief to Itching
skin, sunburn, windburn and dears
up bites, pimples and rash. Even In
.-.evere cases, itching disappears al
most as soon as Zemo touches the
skin. To draw out local Infection
and clear away unsightly blemishes
there's nothing Setter than invisible
Semo. Alway keep this family anti
septic on hand. Use it freely. It'a
safe as can be. 35c, 60c and $1.00.
adv.
Consistant.y the lowest
terla ooont tn Ralem.
Eire
AW
"Hczekiah'e surely rlghtl
'Drink pur milk for health
and might,'"
Says BUIy Break O'Day
Curly's
DAIRY
KPhona 2420
Before You Sell
Your Junk
Phone us for the highest cash
price. We buy and sell
everything
rilONE 491
Salem Junk Co.
8 AFT RON KI.INB
324 N. Commercial Si.
n
ir'
1 r-