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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Nov. 9, 1929)
ifE CAPITAL JOURNAL, SALEM. OREGON SATURDAY, NOVEMBER 9, 1329 HOP MARKET IS SWAMPED BY OVERPRODUCTION PAGE TEN BETTER DEMAND DUE NEXT SPRING MAGNUS THINKS "The hop Industry is suffering from overproduction and the prices are off," declares Joe Magnus, president of the Puritan Malt company of Chicago, one of the largest of the hop malt companies. Magnus Is now In Salem on a business trip and also renewing old acquaintances. He spent a year here some years ago, as did his brother, studying the hop business from the ground up. "For 65 years three generations of the Magnus family have done business In Salem through the Ladd e Bash bank and of late years we have been sending over $200,000 a year into Salem. We know Salem and the district pretty well and have a lot of fine friends here and a deep Interest In the community. "This year there is an over production of hops In the United States as well as an enormous crop In England and o nthe continent and the United States can not look for much export business. "The hop malt companies handle 95 per cent of the hop production of the United States and It will be up to us to handle virtually all the production of the 32,000,000 pounds of hops which are said to have been grown on the Pacific coast this year. "It must be remembered that the hop malt companies have heavy contracts for hops which keep them going during the fall and winter months but I haven't a doubt that hops will move rather lively in the spring. But Just the same there is an over production of hops. The price Is all wrong. The producer Is entitled to what It costs him to produce something and a small profit. Present prices to hop growers will not give a re turn on the cost of production. "There are 16.000 acres of hops in the state of Oregon and if the hop industry goes to smash there will be 16,000 Idle acres and a vast amount of money which has been coming in here will cease to flow In this direction. It Is up to the wholesale grocers, the retailers and everybody connected with the dis tribution of malt extract to co operate or you will lose one of Sour best money Industries out ere. "The hop malt business Isn't a new thing. It started in 1840 in this country when the first hop malt was brought over for baking purposes and every baker in the country uses a good brand of baker's malt extract. "When prohibition went Into ef fect we found that shortly after the foreigners began showing up to purchase hops in one -pound lots. We didn't sell by the pound or less than the bale, but they wanted a few hops. As a result the hop ex tract business began to develop. It was bi: It up by demand of the foreign element In this country. But In addition there Is a heavy use for the extract In hop flavored bread, doughnuts and other bak ery articles. "The Puritan company sold 1.260,000 cases of the extract last year and indications are for another big year. But there must be co-operation on the part of dis tributors to save the hop industry here and also there Is a heavy over-production of hops. Mr. Magnus spoke of pleasant memories he had of Salem when he spent a year here some years ago learning the Industry and states he always enjoys his visits Into this section Salem Markets Complied from reports of 8ft I cm dealers, for the Ruklnncc of Capit al Journal readers. (He vised dally) Wheat. No. 1 white tl Ofl'i bu.: red (ftckwl) 91.04; feed oat a 47c; mlll ouu 60c; barley 3i per tou MeuU: Hokh: Top tirades, 130 160 lbs. UOO; 100-aw lbs. lUMI; 220-y(iO lbs. $8 .75; 2U0-.1&0 lbs. att.75; own, $6 75 to S7.00; Cattle, top steers lendy. l 50 to HO; rows s;j 51) Ui 7 60; culls and cutters, S3 60 to 3 -60; Sheep, spring lambs 99 to $1 50; burks 7 to 18; old ewes ;) to M Calves: Vculers, live weight 140-1 H0 lbs. 910-11060; heavy and thins 97-98. Dretuied meats; Top veal 15 cents; No. 2 Krude 14c; rough and heavy 13c and up; tup huKS 120-150 lbs. 14c; other grades down. Poultry blglil lo medium hem 14-16c lb ; heavy hens 22 cents per Kund; broilers, springs 20c; stgus c; oTd roosters 7c. Egs: Puiiria 37c; fresh extras 48c; Bntterfat 48c; Print butter 48c to 4Wc; cubes extras 46c; standard cubes U IIOI I s w r run m Fresh fruit: Oranges 93 50 to 97.76 ease; lemons 16 a ease; bananas 8c lb.,- grapes, Tokays 91 60; Kmperor $1.75; Zlnftinde) 91 2b lug. wrapped arm utunea extra lancv jouu than apples. Ynklma 93.75: f;ire and fill 91 50. Bp it ze u bergs 9160; Baldwins 9IWJ; huckleberries 15c lb ground cherries 91 60 box; cranberries 96 60 bit ; pears 9'J bu.; Casabas 4c lb pomegianltes, 91.10 box. Fresh vegetables: Tomatoes 91 box; Cucum bers, hot home VOi -9 1 60 (toy . hto house 9i 75-9:1 60; Calif. 92 50; Potatoes Yakima 9260; Yakima Blue bird 93 25; Lettuce. Seattle 92 50; Icrd 93 76; Dalles 92-92 26; Labial. 9160; Lablsh celery 93 76; heart 0c; cub bago 2o lb.; green beans 6c; Eggplant 12 cents pound; reel peppers 10 cents lb., green 8c; spltmcn B()c box; cauli flower 9110 to 91 20 crate. Artichokes $1 60 dine. Brussel sprouts 14c lb. Lo cal 91 75 box. Bunched vegetables: Turnips 40 SOc drmeu; parsley 00c; carrots 4uc to Sue, beets, local 4)C to 80c; ouluilS 40c to Oc; radishes 40c to 64K Sacked vegetables: unions, local 9a, Taklma 92 2 j; carrots 2r; rutnbugas I'c lb.: garlic 16c lb; sweet potRtoe 6c; Msrbelbead squash 3C lb; Hub bard and banana 1'?: pumpkins 9c lb.; turnips 3c; parsnips 3',c, WOOL, MOIMIIt Wool, fins 30c; medium 33c; eoaras too per lb. Lambs wool 20c; fall clip life. Uohalr: fall clip, old 86c; kid 46c In commemoration of Beethoven's centenary, the city of Berlin grant ed an annual stipend I urn for needy and gifted Undents of music, and as the prise was not awarded last year 90 students were recently awarded an annual stipend of 1,000 Harks each. MARKET QUOTATIONS POKTI.AMI MVKKJOt Portland i) Hogs 100, all direct; sheep 280. sll on contract. Totals for week approximately: Hogs 6360; cat tle 1825, calvss 200; shetp 1620; cars VI. Hogs: Compared with week ago. mostly 60c lower; bulk light butchers and light light 910; scattering lot Monday 910 10 and 410-25; strong wt. 4U.75; heavies down to 96.60; packing sows mostly 97 to 97.60; odd head 98. Slaughter pigs .mostly $u; feeders 98. 75 to 99- Strictly choice lights quoted up to 99 25. Cattle: Compared with week o: Calves and vealera strong to 91 high er, other classes steayd. High medium to fairly good steers 9.&0 to 910.50; part load at 910.75. Under grades, down to 97. Top heifers 49 35; top cows 96.50; bulk, desirable she stock 97 to 98 50; thin low cutters down to 93; bulls, mostly 96 60 to 97; odd head 97 60; choice light vealers 913. 60; calves 910.60 down, off grades down to 9fl- . Sheep: quotably steady with week ago. btrlctly choice handy weight lambs quoted up to 911. absent. Med ium grade mostly 40 50 to 910; feed ers and off grade killers 99 down. Few thin culls down to 96 snd under. Bulk yearlings medium grade 97 to 93; few good wethers 96 to 97; ewes 95 down; culls mostly 92 to 93. PORTLAND PKOMTE Portland (UP) Butter: cube extras 46c; standards 45c; prime firsts 46c; firsts 39c. Egs: Poultry producers prices: Fresh extras 49c; standards 45c; fresh mediums 38c; medium flrata 34c; fresh pullets 32c; first pullets 29c; The price to retailers is two cents higher. Butterfat: Direct shippers' track price. No. 1 grade 45c; No. 3 grade 4lc; stations, No. 1 45 cents; No. 2 41 42c; Portland delivery prices: No. 1, butterfat 4U-50c; No. 2 43-45C Milk: Buying price four percent 42.60-92.50 cental. Cheese: Selling price to retailers: Tillamook county triplets 29c; loaf 30c. Tillamook f ob. selling price: Triplets 27c; loaf 28c. Live poultry: Heavy hens ovr 4 lbs., 26-27c; 3',4 to 4 lbs. 22 -24c; under 3' lbs. 20-21c; broilers light 28c; colored 20-22c; old roosters 12c; stags 10c; ducks 18-20C. Turkeys: Selling price to retailers: Fancy dressed hens 30-32c; young toms 33 -34c; allce 20-23c. Fresh fruits: Orannes, Valencia. 93 25 to 98.75; grapefruit, Texas 46 to 96 25; limes, five doz. case 92 50; bananus 7 'fee. Lemons: California 914 to 915. Cucumbers: Local 65c to 91-25 box; hothouse 91 to 91-50 doz. Tomatoes: Local 50 to 90c box; Cal. 92.25 to 92.50 lug repacked. Onions, selling price to retailers: Sets 8-Oc lb.; Yuklma globe 91-25 to 91.50: OreKon 9160 to 91.76. Fresh vegetables: Selling prices: Lettuce, local 91.25 to 91 50; ciihbage, local 2 to 2M,c lb.; green beans 14-15c; corn 91 50 to 92 sack of six doz. Peas. 8c pound. Grapes: Seedless per lug 91.75; To kays 91.25 to 91.50; Emperors 91.60; Zlnfandls 00c; Concords per lb. 3c. Eggplant 7-8c lb. Satillflower, local 76c to 4125.. Huckleberries, fancy 13-14C pound. Tnhin nn in toes: Deschutes gems, 93.40 to 93 50; Yak 1 mas 42.75 to 93 cwt.; western Oregon 92.60 to 92.75. Sweet potatoes: cam. s-j io ou lb.; Southern yams 92 50 crate. Fresh dates: taui. zuc id. cmiiitrv meats: Sellina price to re tailers: Country killed hogs best but cherg under 150 lbs. 14-MHc; veal. 76 to 90 lbs., 18-19c; lambs, 18 to 20c; heavy mutton 15C. FORTI.WI KASTSIDF, MAHKKT Demand for all venelables Is In creased on the EHslslde Farmers' Mar ket the result of cooler weather. There will be no market Monday on account of Armistice clay. ruhhncc Mlinwed a, vt'iv Keen mHnd for the week end trade, but .iri.-n.. rnrtfrt little if nnv chanup Cauliflower demand was good but at former prices. Practically none Is available on account oi me muui tuttnr rnrtmiii nrtee. Strawberries sun in mnimi um-i- inn up to 43 crate. Potatoes steuuy ut nnrhnnued ttrlcea. DfV onions dull Carrots firmly priceu at tenm dozen bunches. Lettuce marKec is mixeu wm-bumc ui a similar condition as regards qual ity. Apples sell quickly but prices refuse to bulge. Brussels ttproiits are well held at 41 25 box. Beets 25 ot 30 cents do7.en bunches. Turnips 40 to 45 cents Uoz- '"r-iinimhem u rich mured and steady. Tomatoes 60 to 75 cents box. Dan ish squosh 9125 per cantaloupe crate. Corn, yellow, sack 91. 50 to 91.75. Celery, firm and unchaimed. Cauli flower, number one 75 to 85c; num ber two, 55 to esc crate. II4V MAKKIT Prtlnnrt lAI HflV. Btcadf BUVtng prices: East. Ore. timothy 920.50 to 921: do. valley 919 to 919 50. Aliaira nn n Ala- rlnvrr SIS: out hsv 910: tit raw 97 to 98 ton. Sell Inn prices 92 more. SAN rilNCIH0 POt 1. TRY Rnn Frnnelsco (Fed. State msr ket bureau): Turkeys, young toms, 15 lbn. and over, live 32c; dressed 40 to 45c; young hens 10 lbs. and up, live 30c: dressed 35 to 40c. Old toms and hens, live 28c; dressed 3zc. ntt. nor, woni, Povtlnnd il'PiNuts, Oregon wal nuts to 2flc: Cattf. 20 to 28c; peanuts, raw 10c: Brazil new crop 22 to 24c; almonds 34 to 35c; filberts 19 to 20c; pecans -z to vac. imps: Nominal. crop ii-m",c Wmit- iujh ernn nominal. Willam ette valley 28-33c; eastern O-egon 18 27!9C lb. rSfAR 1MRK Portland ") Cascars bark, steady, flU to 8c. SIM I'KtM lsrO I'Rl IT Ann Frnnelsco (Federal Btste Mitrkot Nptti Servlre) Fulicy Sp!t7. enberits 43 to 94. Dllrlotw 42 25 9 1, id: ueuei lowers, icy, .w, loose: 91 30 to 91 60: Klnj:. 92-42 25: Newton Pippins 92-92.26; loose 91.50 91.75. Oregon: Winter Bnnanss XF 42 50 93 75; Icy 92-42-25. Kings, FCV 92 50 92.75; SpltTiibergs XF 92 75-93 25; fey. 92.75-43; C-grode 92-42 25; Dell clous XF 93.25-93.50, Lady Apples 93-94 box. Pears, Bnrtletts. Lnks county Ste box fev 4 75 to 94 25 No. 2 92 to 9325. Winter Nells 42 25 to 92.50. lRII.D KR1 IT. HOPS New York i Evaporated spples. steady. Choice IS to 15',; fancy 16 to 18'ic. Primes, steady. California 9 to 13", c; Oregon 11 to 15iC. Apricots, steady- Standard IS to l'3c; choice 17 to 19c; extra choice 20'c to 22C Peaches, steady. Standard 15c; choice IS to 15l,3c; extra choice 16 t0HopfCstedy. State, 1MK. 18 to 20c: 1927, nominal, Pacific coast, 1928, 16 to 20c; 1927, IB to 2tic. HOSTON WOOL nn.fn upvThs outlet for wool has been quite restricted during the past wees, western unmn ...r. h iwnh nrtittiisl bsv and arad- ed lines constituted the bulk of wool sold. Stilrtly combhui staple and bet ter qualities maile tip a large yorumi ot sales of graded wools. Prices were slightly in buyer- favor on fine wtwls. Quotations on the lower grade were mostly unchanged because of 4 lack of demand. wlNNH'm nm.T Winnipeg tUPlWheat range Dee. open 9131: high 91 32: 4130; close 91 30 3-8. March, open 91 38 3-8; high 91 SW': low 4137: close 9138V May. open 9140; high 91.40 18; low 91.381,; close 91 39. PORTLAND Will T Porltand v Wheat fntuies. Dee. open 41 17 3-8: hlth 41 17 6-8: low. Close 41.17V March. tn. high 41.- 23 3-8; low, close 9! 23'i. May, oi 9126V,; high. 91.26 6-8, low, Ci 91-26 Cash wheat: Big Bend Bluesum, naru wniw 9i.uu; sou white, west ern white 91 18; hard winter, north ern spring, wetteru red 91164. OaU, No. 2 38-1 b. whlt 934. Today's car receipts: wheat 68; bar ley 1, flour 22, corn 2, oats 1. CHICAGO ;hin Chicago i) Wheat futures, Dec. open 91.19 to 91-20; high, 91-21; low 41.18; close 41-19 to 6-8. March, open 91.20 to ; high 41-27 6-8; low 9125; close $126 3-8 to 'A. May open 9130 to 91-31; high 41.31 U; low 9129U; close 4 1.30 '4 to July open 91.30 to 91.31; high 91-31; low 91.30; close 91.31'4. Cash grain: Wheat No. 2 hard 91 16; New corn. No. 4 mixed 82c; No. 4 white 84c; Old corn No. 3 yellow 91c; No. 3 white 91l,c. Oats. No. 2 white 45Uc; No. 4 white 42c to Rye, no sales. Barley, quotable range 58 to 70c; Timothy seed 45.25 to 46 JO. Clo ver seed 410.25 to 917.75; lard 910.25; ribs 910.50; bellies 910.60. IJVF.HPOOL WHEAT Liverpool Wheat close. Dec. 9126 S-8; March 4135; May 91-38. rillCAfiO LIVKSTOfK Chicago ) (U. 8. D. A.) Cattle receipts 200; compared with a week ago. fed steers with weight lost 25-50C. Bulls about steady and vealers 91 higher: extreme top long- yearlings 918; heavy steers 916 75: bulk heavy fed steers 91175 to 413.76; best year ling heifers 916 25; best killers 911. 75, Blockers 911-85. Sheep receipt 5000; 8800 direct; market- nominal. By the week 34 dou bles from feeding stations, 14,000 di rect. Fat ewes, 85.75; yearlings 99.60 to 910; fat ewes 95 to 95.50; feeding lambs scarce and unchanged; bulk, good to choice 912.25 to 912.76; choice 912 85 to 913.10. Annn Hogs, receipts 8000. Including 4000 direct; market mostly steady. Top 99. 40: butchers, medium to choice 98-90 to 99.40. POTATO PRICES SOAR HIGHER AT KLAMATH FALLS Fred Schwab of Mt. Angel, who la in the Klamath Falls country buy incr nntatops. rcoorts home that thi sDud market down there started 0tt at $1.75 to the grower and beeauw of an Influx of buyers has run op to $2.65 to the grower with buying going strong. The valley crop has failed so completely that It ia under-, stood Schwab is figuring on ship ping in a car of potatoes to Mt. Angel. Paul Schwab, his son, is In the Idaho field but no reports have come from him as to his success there. The potatoes in the main are purchased for shipment to Sacra mento where Joe. another son, han dles the distribution end of ft and regardless of the fact that Califor nia is one of the greatest porducing states, nevertheless, handles large quantities of outside potatoes. Already from talk heard around, Indications are that, as usual, after a poor year, one of the biggest acre ages In history will be put out in spuds in the valley next year. Many of those who had any otop of spuds at all are hanging on to a good share of thorn for seed next year, and a number of growers talked to, all said they planned bigger plantings for next year than this. CONFESSED BOMB OUTRAGE BLAME (Continued from page one) "well paid." Smith, however, said he received nothing for the outrage. His sister said he swore that Moo- ney had nothing to do- with the bombing. She did not press him for further details, she said, because she did not wish to become Involved In the case which has attracted nation-wide attention. In a statement aupplmentlng his letter to Senator Schall, Stevens told of first becoming interested In the case when he and Smith worked together in a mine at Pipe creek, Belmont county, Ohio, In 1919. "Tom Mooney Is not doing his own Itlme; he is doing some one else's," oiiiiiu men saia, nccuranig w oirv- eiut, but would give no further de tails. Later, Stevens recounted. Smith moved to Wheeling, W. Va., and finally to Cleveland, where he died July 4. 1922. Stevens met with continued fail ure in his efforts to interest others in the purported coiiression. Final ly, he saw a magazine article by Senator Schall criticizing the con viction of Mooney, and wrote to the Mlnnesotan at Washington. The senator turned the letter over to the department of Justice, where it was not determined what action would be taken. Smith's widow Is still living In Cleveland. Mrs. Monroe said, but at tempts to locate her were unavail ing. Allegations that Mooney and War ren K. Billings, a shoe clerk, who also received a life sentence for the San Francisco tragedy, were con victed by perjury and fraud because of their so-called radical tendencies, have kept the case In the limelight for several years. Two appeals to the California supreme court failed and the United States supreme court de clined to review the case. Washington tAi Attorney General Mitchell Saturday wrote Senator Schall, of Minnesota, that the fed eral government has no right to deal with the case of Tom Mooney, serv ing a Jail sentence In California tn connection with the preparedness day bombing in San Francisco In 1916. The Minnesota senator had given the department at Justice a letter he received from Frank O. Stevens, an inmate of the national soldiers' home at Dayton, Ohio, which pur ported to exonerate Mooney, claim ing another man did the bombing. Attorney General Mitchells let ter to Schall said: "Mooney Is under sentence of a state court for violation of a state statute and no department of the federal government haa any right or power to deal with th case In any way." CHANGES DUE IN EGG MARKETS; BUTTER LOWER Potrland IP) There is a changing condition in the egg trade and some softness Is noted. Recent advices from leading markets of the coun try Indicated that the price has al ready reached the point where It is highly dangerous and that reactions may be expected and due. Price of cube butter was cut one cent on the produce exchange for the week end session with further congestion. The drop of one cent pound is now effective in butterfat which shows a spread of 48 to 60 cents, Portland delivery. At the week end- there is contin ued strength in the market for live chickens. The demand Includes all sorts but is especially good for hens and light broilers. Efforts to force a further advance in the price of country killed calves made little headway here during the day Inasmuch as Uie higher price naturally curtailed the demand. Extreme dullness is shown In the market for onions not only at prim ary points of the Willamette valley but at consuming centers. The wea ther to date has been too mild for consumption. Prices are fully steady In the mar ket for potatoes although recent ad vances have caused consumers to utilize more of each tuber. Peel ing is thinner. Country points con tinue to hold for full prices. Price of cauliflower has been ad vanced as high as $1.50 crate for number one stock f.o.b. cars Trout-dale-Fairview. Carload demand con tinues In excess of offerings for cel ery as well. Prices firmer. THRILLING ESCAPE Y MADE BY AVIATOR -y .- - (Continued from page one) The plane went into a flat spin, winding Itself up In the onen para chute as If making a shroud for it self. Under the silken folds, Mc Keon was trapped In the cockpit. Dropping rapidly then, the old plane gyrated madly while McKeon fought his way out of his silken death cell. The doomed plane was 1,500 feet from the ground when he popped out from under the cloth and crawled out on a wing. A sud den spin broke his hold and he slid down the wing, catching a strut. The next Instant he hurled himself 1 rom the plane and dropped straight downward. The falline plane followed closely. He tugged at the ring of his own parachute. It did not open. Another thousand feet he fell his chute opened and caught the air 500 feet from the ground. The falling plane was over taking him, threatening to Jam through his parachute and nerhans drag him to death In spite of all nis en or is. A healthy pull at the shrouds on one side of his parachute enabled him to float clear of the path of the plane. As he touched the earth the plane fell with a crash less than 100 feet away. The photog rapher in the accompanying plane obtained several pictures of the spectacular fall. And that was "Mickey' McKeon's first parachute Jump. AIRMAIL-PLANE CRASHESAND BURNS (Continued from psge 1) Some of the mall was destroyed. A branch from a tree and sev eral twigs In the open field near the plane led Investigators to be lieve that Nefrs might have struck a tall tree while flying In the fog and that his plane was damaged, necessitating a landing. Residents of the district said several explo sions sounded from the air before the plane struck the ground. SEEK FOREST CESSION TO BUILD CAPITOL (Contlnutd from page one) western states have the advantage of Oregon. Totals show the following ap proximate acreage ceded to the sev eral states: Arizona. 10. 4W 2.16; California, 8. 425.320; Idaho, 8.585 85 3: Montana, 5,869,818; Nevala. 2.723.647; New Mexico, 10.523,542 88: Oregon. 4.- 352.133: Utah, 7914.278; -vyajhing-ton, S.144.47t: Wyoming. 4.138580; Colorado, 4.533.538: North Dakota. 3.165.310.5, and South Dakota, 3.432,- 14. Cesstons that have been made to Oregon are as follows: School lands, 3.399,360 acres; for university purposes, 46.080; for legWative. executive and judicial buildings, 8.400; for agricultural and meehanlral colleges, 90.000; swamp lands, 364.312; internal Improve ment, 500.000; salt springs and eon- tlquous lands, 48,000. For legislative, executive and Ju dicial buildings the cessions to all the other states have exceeded those to Oregon, except in the case of California. Oregon received nothing for a state prison fund, while Artrona, Idaho, Nevada. New Mexico, Wyoming, and Colorado all received large acreage for this pur pose. A similar condition exists rel ative to insane hospitals, schools for the deaf and blind, normal schools and other educational and charitable Institutions. The McNary bill has ft relation to the movement started about a year ago whereby the state hopes to acquire title some time in the fu ture to portion of the Bush acre- age in South Salem as a site for a new state capltol plant. Negotia tions were opened with the Bush family, but no actual progress was made. No progress has been made for several months, largely doe to the Illness of State Treasurer T. B Kay, who la a member of the spe cial committee that had the matter in hand. BUSINESS SOUND DESPITE STOCK MARKET CRASH New York (IW The unprecedent ed collapse in stock exchange values In the last fev weeks finds general business still on a sound basis and the nation's banking institutions well fortified to withstand any fur ther possible slump, a countrywide survey by the United Press Indicat ed Saturday. Reports from various federal re serve authorlticc show that most sections of the country have not been affected by the decline In stock values and that business leaders are looking forward to an active Christ mas trade. A note of caution Is In evidence in the steel trade, however, which may adversely affect the business structure during the next few months. Nevertheless, there Is little doubt but that 1629 will set records in Industrial and commercial activ ity despite a possible slowing down during December, Dividend disbursements during 1929 will break all records as will steel production, automobile produc tion, freight car loadings, crude oil production, bank clearings, chain store sales, corporate profits and other indices of general business, the survey Indicates. A noteworthy development of the culmination of the deflation of stock last week has been the apparent exchange values with a minimum effect on business and banking ac comodations alike. In past market depressions, the down-swing has invariably been accompanied by widespread banking, brokerage and commercial failures with a resultant tightening of credit conditions. The present deflation was accomplished with only two brokerage house fail ures and no banking fatalities. Com mercial failures during the last week actually decreased, totaling 402, compared with 414 last week and 363 in the same week of last year. According to most authorities, the reduced purchasing power of the nation through the break in stock values, will naturally have an ad verse effect on luxury trading. Sales of automobiles, radios, Jewelry and other non-essentials will undoubt edly experience a falling off In vol ume, although this situation Is con sidered temporary. Steel authorities note some cau tion In the steel business on account of the stock market break, but can cellations of orders are reported as extremely lignt. In addition, the United States Steel corporations unfilled October business Is exnected by Wall street authoirties to show an increase of 150,000 to 200,000 cons. WOODEN APPROACH PROVESEXPENSIVE (Continued from page one) has let It be known that the pave ment covering the entire 780 feet from the end of the steel construe- to the west end of the approach nn the Polk county side, Is to be ripped out. No only that, but the wood construction under the paving must be torn out and rebuilt. Asked to explain this, the bridge division of the state highway de partment said Saturday that this Is always expected at least once during the lifetime of wooden bridge. Since the Marion-Polk county bridge Is only 13 years old. the con clusion Is that It will have to be done several times during the life time of the central steel portion of the bridge. The cause of the deterioration. It was explained, is that water seeps In between the paving and the wood beneath, cawing the wood to rot. The highway budget for this year doea not provide for this recon struction, but it Is probable that the work will go ahead without much delay. Already a crew Is at work repairing the railing where two automobiles have crashed through recently. When the new pavement Is laid It is planned to covet it with a non-'kld preparation to minimize the danger of accidents. DOERFLER'S DUROCS CLAIM MANY PRIZES Silverton A. N. Doerfler of the Waldo Hills district, who has won big prises at the Pacific Interna tional Slock show for many years with his breeding hogs, again won the following this year: grand champion Duroc sow. senior cham pion sow. Junior champion boar. He received about one-half of the purple ribbons for Duroea In this competition. The Doerfler Durocs have become nationally known through his many prizes at these stock shows. Portland (IP) There Is a slightly better shipping call for dressed tur keys but both the local and ship ping trade la confined to the best available stuff. Poor turkeys are hard to move even at prices that appear utterly too low. Live turkeys art not wanted. YIELD OF HOPS INCREASED BY USE OF WATER While It may have been a poor year and a poor crop to prove the experiment on, yet Louis Lachmund. owner of the McLaughlin ranch near Independence, reports that he secured exactly 50 per cent more hops on that ranch from the same acreage over the preceding year where the land was Irrigated. His hops produced around 2800 bales altogether this year as com pared to 1750 bales last year, but iome of these were not taken from Irrigated land. There are around 300 acres under Irrigation on the McLaughlin ranch under the big plant he Installed last year for use on this year's crop and 45 acres not under irrigation while he also has some other hop acreage. His irrigation plant Includes eight miles of concrete pipe running from 6 to 15 inches In diameter and the water is pumped from a lake heav ily Impregnated with vegetable mat ter. His pump has a discharge of 1800 gallons a minute and he ran the pump 30 days during the irrigation season, 12 hours each day or a to tal of 38,880,000 gallons of .water estimated upon on his hops for the season. The total cost for electricity used in pumping this enormous amount of water ran around $225 for the irrigation season or an approxi mate cost of 75 cents for a season acre for electricity which he con siders a reasonable cost for the amount of Irrigating done. There was a very heavy original cost in the installation, particular ly lor the long stretch of pipe used to convey the water, but also the pump installation was a con siderable expense and also some added expense for labor costs In irrigating. Outside of the fact that the greatly amplified crop was in hops and they are in storage without a smell of an offer, Lachmund con siders the expense amply justified on a basis of enhanced crops al though the future of the hop game will be the only thing to tell whether he was Justified in dollars and cents In the extensive Irrigation works put in on the yard. MARKET CLOSED TO PERMIT CHECK-UPS New York P) The stock market was closed Saturday after ending Its week with a session of normal trading which in the opinion of bankers indicated a return of sta bility. The stock exchange and the curb exchange will be open Monday, Armistice day, with a two minutes suspension of business at noon in recognition of the day. Three hour sessions from 10 a. m. to 1 p. m.. will be continued next week with the exchange closed on Saturday. Total sales on the stock exchange Friday were 3,214,660 shares. The turnover for the week was 22,516,- 410 shares. The ticker was 37 minutes late at the close. PANTAGES GIVEN 1 TO 50 YEARS PRISON (Continued from psge 1) to's family and several friends rid ing in the gardner's car. Mrs. Pantages is serious ill, and before her husband left the court room Saturday he was granted a final request that he be permit ted to see her. Judge Frtcke order ed that he be taken to his palatial home Saturday o rMonday, which ever he preferred. vantages stood with nis neaa bowed and his eyes down a Judge Fficke ordered him to the peni tentiary. Around him were members of his immediate family and friends. Mrs. Pantages Friday was - re leased from the custody of the sheriff by Superior Judge Carlos S. Hardy, who ordered her $5,000 bond exonerated and demanded that she report once each month for a period of ten years to the county probation department. Dur ing that time site must refrain from drinking Intoxicating liquors and must obey all laws. Violation of any of the probationary orders would result in her being ordered to serve the manslaughter term of from one to ten years in prison. In addition the theater man's wife was deprived of her automobile driver's license for the period of her probation, and was ordered to sat isfy immediately a Judgment or $78,500 awarded the survivors of Rokumoto. She endorsed a certi fied check for that amount, and presented it to William Q. Bonelll. attorney for Mrs. Rokumoto, the gardener's widow. Mrs. pantaees, brought Into Ihe court room in a wheel chair by two white clad nurses, broke Into tears when Judce Hardy read the ruling which released her from a possible prison term. A few min utes later she had signed the check in settlement for all claims oi the family of the accident victim, the , pen fell from her fingers and an audible rgh of relief escaped her i lips. She was wheeled from the court room by her daughter. Car- i men, and her sons, Lloyd and Rod- ney. . In granting the woman's plea for ! probation. Judge Hardy declared : the preponderance of evidence ad-, duced during the trial indicated i that she had not been drinking be-; fore the accident last June, when her automobile crashed into the machine In which Rokumoto sus tained injuries which resulted in his death. Guests who attended a beach party from which Mrs. Pan tages was returning at the time of the crash, testified at the hearing that no liquor was served at the party. Judge Hardy said he also was in fluenced In granting probation by the fact that the woman previous to her conviction had led a Chris tlan life and devoted much of her time and money to welfare work The condition of her health was a deciding factor, he said. HEALTH SURVEY TO BE MADE OF INDIAN SCHOOL The first complete health sur vey to be conducted at the Che mawa Indian school will be held all next week under the Depart ment of the Interior and the Ore gon Tuberculosis association. Dr. E. A. Fierce of Portland, chairman of the medical committee of the Oregon Tuberculosis association, will be in charge. Between four and five doctors, three or four nur- and five volunteer nurses will be used each day In the health survey. Surveys have been conducted on the Indian reservation at Klamath and a similar health survey has been conducted In the large govern ment Indian school In Minnesota. The health survey is being held In the Oregon school not only because it Is believed that definite results will be given throughout the Pa cific Northwest and In Alaska, but that the data secured may be re ported to the Department ot the Interior for comparison with re ports submitted from the Minnesota school. The government Is contrlbutina money for the x-ray plates and for the tuberculin tests, with the Ore gon Tuberculosis association stand ing the rest of the expense. The in the hospital at the Chemawa examinations will bp rnnriurtMl Institute, with Dr. H. S. Sisco, In charge of health work at Chemawa, as an active assistant The Marion county child health demonstration will assist in the survey by sending doctors and nurses to the Indian school Wed nesday, Thursday and Friday morn ings. UNFILLED STEEL ORDERS INCREASED New York (IP) TTnltiwl fitatAc Steel corporation reported unfilled orders as of October 31 at 4.086,562 tons, an Increase of 183.981 tons over the September 30 total of 3 -902.581 tons. Unfilled orders as of August 31 totaled 3.658.211 tons; as of July 31, 4,088,177 and as of October 31, 1928. 3,751,030. SAVES OFFICIAL RECORD Austin. Tex. UP Texas' woman secretary of state, Mrs. Jane 7. McCallum, seeks to catalog and preserve all official records of Tex as history. Faded documents dat ing back to days of the republic are being resurrected from dusty nes. TTM E S r cJ7irnes and interests maiichange-burFncndlij Senice well RcndcrcdT isthe moHo v.'e belief is appre cialed todays iiesbdaij ml m S hen the S miit:? dir. GUARD YOUR HEALTH!! Winter weather is with us again and good healthy food will be the watchword for colds and flu. Fischers Fast Cooking Toasted Wheat Is a perfect breakfast cereal healthy on account of retaining all of the bran wonderful flavor easy to prepare cooks in three to four minutes. Children enjoy It. Adults should use It. Costa less than one-naif cent per dish, ALL GROCERS. Fischer Flouring Mills ORTLAND WAREHOUSE $90 E. TAYLOR. ST. WHEAT PRICES LOSE ONE CENT IN DAY'S TRADE Chicago (IP) Wheat recovered sharply on the board o ftrade Sat urday when shot t-coverings found offerings small after local and com mission house selling had broke the price at th eopenlng. At one time prices were fractionally above Fri day 's close, but profit-taking brought them down slightly. Farm board loans were reported two cents above station prices in the northwest and lent support to the commission house Rbcorption, Bt Louis reported a brisk demand with wheat hard to buy. Corn and oata failed to recover as well as wheat. At the close wheat was to one cent lower; corn was m to li cents lower; oats was to cent lower. Provisions were weak. Receipts were wheat 20 cars, corn 202 cars and oats 20 cars. Cafh prices were wheat one cent higher; corn one cent steadier, and oats was down one cent. FRUIT MEN WILL 60 TO MEDFORD The program for the state horti cultural society meeting at Med ford November 12, 13, and 14 has been received here and it is under stood a number of Salem peoplft wlil be in attendance. The pear will be the central topic for the meeting with ad dresses by many leaders in the fruit industry on the coast. These include Frank T. Swett, president of the California Pear Growers association; E. S. Gill, manager, v Central Washington Growers association; J. W. Herbert, manager Yakima Growers Union' C. L. Miller, of the Wenatchee Growers association; Professors W. V. Cniess. Warren P. Tufts, L. H. Day, s. W. Shearer of the Uui versity of California; Ben D. Dis on, advertising specialist; C. W. Schoenfelt, federal mraketing spe cialist; T. E. Tucker, chairman of Growers Tariff League of Califor nia, and Rogue River valley grow ers. In addition to the state society meetings the Garden Clubs of Ore gon will hold sessions under the auspices of the Medford Garden club. FEAR SHEEP LOSS DURING WINTER - Unless the unexpected comes In the shape of an open winter there threatens to be large losses In sheep in the valley this year, re port some sheep men. For some time past heavy feeding has been done to sheep because of the dry pastures and inability of the sheep to keep going on their own. It is expected that there will be big de mands for feed for this purpose before the winter is up as many farmers have been feeding their own crops away to keep their flocks in shape because of the bad pas ture conditions. 1 c i(jacniytX)ii ummons Ceaias WI 8. WATER 8T. SILVER TON, OR&