PAGE TEN .,.
THE CAPITAL JOURNAL. SALEM. OREGON
TUESDAY, JULY l; 1930
BUTTER AND EGG
MOVEMENT TO
STORAGE GAINS
Portland (U Prices for eggs and
butter were unchanged here Tues
day. The undertone In both, how
ever, was slightly weaker. The but
ter situation probably will reflect
Increase storages reported on the
The increase amounted to about
Pacific coast for the past week.
735,800 pounds for the week com
pared with an Increase of 543,400
pounds the previous week.
The into storage 'movement of
eggs is continuing at a good rate
for this time of year. There is a
alight falling off over the entire
coast, but the same conditions hard
ly exists In Portland, dealers say.
Green corn, the first of the sea
son from Pacific northwest points.
was received here Tuesday. One
shipment from The Dalles arrived
for brokers and another shipment,
this from Wapato, Wash., was re
ceived by Pacific Fruit & Produce
company. The latter probably will
be priced at $3 a crate.
The first carload of Arizona can
taloupes of the season was received
here Tuesday by Pacific Fruit &
Produce company. These will be
priced 25 cents above Imperial val
ley offerings.
First carlot of Triumph peaches
were delivered to the street Tues
day. They originated In central
California. The price has been set
at $1.50 to the trade. Quality Is
hich.
Few early cucumbers arrived here
from The Dillcs Tuesday. They
are anions the first received this
season and ore priced at $1.25.
Lettuce was slightly stronger here
Tuesday. Quotations on dry crater
advanced to 8j cents.
PREDICTS ERA
OF PROGRESS IN
Salt Lake City, Utah (IP) A vis-
Ion of even greater industrial de
velopment and progress in the mid
dle west In the next quarter of a
century than in the last 25 years,
was pictured to the annual con
ference of governors Tuesday by
Governor Louis L. Emmerson of
Illinois.
While the past several decades
have witnessed an unexpected
growth, the next 25 years will
write a story almost beyond visuli
tation at this time," he said.
'"Today the great railroads of the
nation converge in this territory,
ribbons of concrete reach out to
very section of the nation, while
from Chicago airlines point north,
south, cast and went," he continued.
"In the mia"-west wilt be found
the world's centers of five great in
dustries, automobile production,
meat pneking, furniture manufac
ture, shoe manufacture, and the
production of agricultural imple
ments. Add to these, road machin
ery, clay products, clothing, glass.
Iron and steel products, limestone,
lumber products, medicines, flour
and paint, and you still will not
have begun to tell the mid-west's
story of industrial development."
Inferring to "the present slump
In business,' Governor Emmerson
attributed It to the "mental atti
tude of the nation."
"When we forget Uw stock mar
ket losses and remember that the
basic prosperity of America hasn't
been affected, then business will
pick up and conditions Improve."
Salem Markets
Compiled from reports of Salem
dealers, for the guidance of Capit
al Journal readers. (He vised daily).
Wheat, No. 1 white 81c; red (sack
ed yvc.
i-rd oats 33c; milling oats 3&e;
white feed 32c; bailey S0 ton; fall
$11).
Meats:' hogs, top grades 130-160
lbs. yC lb , ltiO-mO lbs. 10c 220-200
lbs. 0'ac; 2ti0-3o0 lbs. DC; Sows, 7c
Cattie, top steers lie; cows 4-6', a c(
Culls and cuttcis 2-4c;
Sheep, Lprintc lambs 6',i,c; yearling
wetners 'ac; oiu ewes I'-J'jt-'.
Calves, vcalers 12 lbs. iOc; heavy
Slid ililns U-bc.
Dressed meat: top veal 14c; No. 3
crude, 13c; rough and heavy 10c and
up lop hugs 120-150 lbs. 15c; other
grades, 14c down.
Poultry, llKht to medium hens 13
1 fx", heat y hens 17-111? ; broilers, all
colors 17c; Leghorn 2-2'j lbs. 17c;
tags and old roosters 8c.
Kki'a. pullets 16c. fresh extras 18c;
Butterfat. 30c; prime butter 34-35c;
Cube extnis 32c; standard cubes 31c.
UMOI.l.sAl.t; I'KICKH
Fresh fruit: Oranges, navel $6 50
$(25 case; lemons SU; bananas
irntpt'trult. Isle of Pine $8; California
St) 25-sii 75; green apples, lug $2 25;
llmrs, $2 50; strawberries, local $2 75;
llonrydew melons, crate $2 25; can
taloupes. $3 N'-$4 50. all grades; wa
termelons, 2 'ac lb.; casabns, 6c lb
Fresh ftKs $1.50; currants $2 crate:
ra.ip berries. $2.50; blackcaps $2; plums
$' 50.
Fresh vegetables: Tomatoes, Calif.
$3 50. hothouse 20c lb.; potatoes, lo-
!Hr Ih 1ptlur l(Wnl SI- rL
ry. Lab'.sh 80r-$l 35; cabbage 3',c,
itreen priwrrs nw, spinarn om a
Crate: cauliflower $1 IS; eggplant 15c
lb; rhubarb. 2'iC lb.; asparagus.
i 25: summer seaman mi rut.
Bunched vegetables: (doc bunches)
Turnlpa. 80c; parsley car: carrots Guc;
beet 40 -60c; onions 40c; radishes
40c; peaa 5c lb ; cucumbers 0Oc-$1.4O,
creen beans 10c lb
Sacked vegetables: Onions. Walla
Walla rellowa $2 50; Caltf. rrda $2:
carrots $2; garlic 15r lh : turnips 33c
Wool: medium 20c, coarse 16c lb.
Mohair, kid 27c; old 22c.
DIG rOTATOKS
Grand Island Early potatoes for
market will be dug during tne pre
sent week. The quality and size arc
Brood and small sales nave already
been made, growers report.
Mill City A special nurse was
called lor the Henry Brown fam
ily Sunday. Mrs. Brown has been
very ill for several days and Mr.
Brown and daughter Catherine are
now quite ill
Amity Principal A. B. Murphy
and family left Saturday for Scap
poosv where Mrs. Murphy and chil
dren will visit with relatives while
Murphy Is attending summer,
school at the University of Orcn,,
TODAY'S
PORTLAND I.IVEHTOf'K
Portland Cattle 35; calves 10.
Some Mletn 25c higher. Good cows
and heifers 25-oOc lilither.
Vealcra. milk fed. cull and common
3-atl. calves, food and choice S3
110; common and medium 7-9.
nuga $o, luciudiiiv 900 on con
tract: steady to 25c lower.
(Soft or oily nous and roast lne Dim
excluded). Llttnt lltftiu 23-aio.K);
light weight 160-180 lbs. 1OJ5-SJ05O.
ibu-2(xj loa. sio 'id-aic do; medium
welifht 200-220 lbs. tf 25-S10.50: med
ium weight 220-250 lbs. S8.76-S10.25;
heavy weight 250-290 lbs. S8.75-S10:
259-350 lbs. S8 36-IU 25. Packing rows
S7-SH25; slaughter pigs S9-S10. Feed
er and Blocker pigs su-suiu.
sneep ouu, including: 20U on con
tract, Briar ply lower.
Lambs, good and choice So 50-S7 50.
Medium S5-S6.50; all weights, com
mon S3. 505; yearling- wethers S3
5; ewes, medium to choice S1.75-
2 50: 120-150 lbs. &1.50-C1.25: all
weights, cull end common Sl-Sl. 50.
PORTLAND WIIOI.I S.U i: 1'KU
Portland iUP The loJIowlnn orlc-
ea are effective Tuesday .Butter quo
tations are lor shipment irom coun
try creameries and 'Ac pound Is de-
aucieu mm commission.
Butter, cube extras 32c; standards
31c; prime firsts 3Uc; firsts 29c.
Eggs; poultry producers' prices:
fresh extras 24c; standards 23c; fresh
mediums 22c.
Butter, best extras 34-350 lb.
These are prices dealers pay whole
sale except us otherwise noted:
Butterat: direct shippers track.
20c; No. 2 grade, 24c; station No. 1,
27c; No. 2. 22c. Portland delivery pric
es: No. 1 butterfat 30c; No. 2, 25c.
Milk: buying price, grade B, $2.05
per cental. Portland delivery and In
spection. Whole milk 4 percent 92.30
per cental.
Cheese, Selling price to retailers:
Tillamook country triplets, 21c; loaf
22c per lb. f o b. Tillamook. Belling
prices Portland: triplets 2:ic; loaf 24c.
lAvm poultry: ncuvy nens. colored,
over 414 lbs- 19 -20c; heavy Leghorns
3-4'4 lbs. 15-16c; under 3 '4 lbs.
12-13c; broilers, 'A lb. up 16-17c lb.;
colored 22c; old roosters 10c lb.
JJreswed turkeys nominal, 25-30c lb.
HUMS AM) VKiHAIUKS
Fresh fruit: oranges, Vnlenctes.
SG-8H.75; grapefruit, Imperial (0-96.50.
Limes, 4-tlow, cartons S2.60; bananas,
6V,-7c lb. Lebons. Calif. S8-SH.60.
CabbaKe, local 2',i-2c lb. Cucum-
Calif, lugs S1.25.
Tomatoes. locM hothouse. 10-20c lb.
Texiw 2.75-3.50; Calif., S2.75-S3.75
1UK.
Onions, selling price to retailers:
seta 6-0c; Oreium SI 25-11 50: Calif.
wax Sl-Sl 25 crate; new Stockton reds
az ; yellow, sz U.
Lettuce, Ore. 85c per crate for 3s;
AspurnkMs. Ore. $1 do-, bunches; spin
ach, local 50 -60c. orantte box.
Strawberries, Ore. $2 50-S2.75 for 24s
Watermelons, Calif. Klondlkea 2'
2Jic lb.; Honey dews, $1.05 flat crate;
casubaa 6c lb.
Cantaloupes, California Jumbos $4,
standards S3.50-S3.75; pony (2.75-S3;
Hat SI. 60 per crate.
Celerv. Orcwon celerv 75C-S.1.25 doz.
Bell peppers 16 -30c lb. Rhubarb, locul
outdoor 75c upple box.
Cauliflower. Orciion Sl-Sl. 25 crate,
Table potatoes, Deschutes Gems
S4-S5; Yakima, S3 T)0-M: western Ore'
Him, $225-92.50; new Callfurnla Kcds
3'i.c lb. Whites 3c,
Peas, Ore. 6-7c lb. Beans, The Dal
ies i-ac id.
Green corn. The Dnlles $5 crate.
M HATS AMI PROVISIONS
Country meats: Selling prices to
retailers: country killed hoRs. best
butchers, under 150 lbs. 15-15' jc;
veal 75-80 lbs. 10;3-17c; lambs 10-15c;
ycnrlintfs 10-12c; heavy ewes 6c lb
Smokes meats: hams 30-32c lb.;
breakfast bacon 35-37c lb.
lard, leaf, 14c; heavy ewes 0c lb.
Nuts : Orrjioii walnuts, 22 'i -2 1c;
Calif. 20-2Hr; peanuts, raw 10c lb.;
Brazils, new crop 22-24r; almonds,
34-35c; flibrrts 10-20c; pecans 24-25c.
Hops nominal, loai) crop H-lOc lb.
Wool 1D30 crop, nominal. Willam
ette vullcy 17-22c; eastern Oregon 0
18c, roll TI, A Ml lAMSlKH lhlT
Amount of berry offerings on the
Eusislde Parmers' market Increaned
liberally Tuesday morning. Prices
were steady for first quality stuff,
but everything of inferior nature bold
iff rather sharply. Strawberries sold
down to $2 a crate. The bulk of of
ferings moved at around $2.25 with
much going at $2.10.
a lew uutnoeris were offered. The
volume of this variety of raspberry
was not heavy and producers received
about a 25c premium at $2.65-92.75
per crate compared with a general
run price or around $2 50 for the or
dinary red variety.
The very best of the balckcapB
brought $2.75 again Tuesday. Lower
Quality stuff wuh off a quarter a
crate. Growers were nklng 91.40-S1.50
for fair quality loganberries,
There were a few more currants,
but good stuff held steady at $1.85.
There was a large supply of appar
ently fair quality lettuce that met
with a nominal demand at around 50
60c a crate.
Bunch vegetables of good quality
were quoted at steady prices. The
suppty and demand apparently were
well balanced.
General prices ruled:
Carrots, new 25-3(c doz. bunches;
beets, new, 20 -25c doz.; new turnlpn
40-OOc doz; new green onions, 20c
doz.: dry, large $1.
Spinach, fancy 50-60c orange box.
Strawberries, fancy $2 25-92.75 per
crate: ordinary $2.15-$2.25; small $2
Rhubarb, fancy 70-75c apple, box.
Itaapberrles. lancy $2-92 75 crate:
blackcaps, fancy $2 25-9275; logan
berries, lancy bi ;az- i .n.t crate.
Potatoes, No. 1 bakrrs $3; good
$2.75 sack; ordinary $2-92.25; new,
3-2C lb.
Peas, fancy 2-4c lb. Cabbage, enrly
variety 7ic crate; iiat type ai u.
Green beans. The Dulles 7-8c lb.
Cherries. Dir. 6c lb.
Squash, scallops and crooked necks
$1.50 flat crate.
HAY. MKK. HOPS
Portland Hay steady. Wholesale
prices, delivered Portland: Eastern
Oregon Timothy $22 50-923; valley $10
to S19M): alfalfa 910-920: clover 910:
oat hay $16; straw. $7-$8 tou; sell lug
prices vi-SJ more.
Caseara bark steady. 7c.
Hops steady. 11)29 crop B'j-lO'jC;
w.fu contract,, clusters u-iac; lug
gles 15c.
NI.W YOltK Nl tlAR
New York (UP) Raw sugai firm.
Spot 96 test, duty paid, $3 35. Refin
ed, steady. Granulated $4.60.
S N FKANriM'O III TTKRFAT
San Francisco 'A' Butterfat f ob.
San Francisco 37c.
!Rit;i rid it. nop
New York Kvnporatrd apples
steady, cnotce i2-ia'ac; fancy i
14;c. Prunes steady; Calif. 014-c
Oregon 7-9C Apricots steady; stand'
ard ll'4-12c; choice 14-14'.c; extra
chok? 16-174C Peaches steady;
standard 12'4-I2c: choice u
124c; extra choice 124-13c.
Hops steady. State 1929, 18 -20c
20c; 1128. 13-14C.
1928 nominal. Pacific coast '1920 15
POUT I.AM M.Ot R. fll'dAR
Portland Sugar steady. Sacked
basis: Cane, fruit or berry $4.90 cwt.
Beet Binrnr 94 70 CWt.
Hour steady. City delivery prices:
family patents, 49s, $0 20: whole
wheat $5 40; graham $5 20; pastry
flour $5 50 Bakers' hard wheat, 98s
$0 10; bakers' blues tern patent $0.10.
HOTON WOOL
BoMton V P I The Boston wool
market report Issued Tuesday by the
local or rice or tne u. s. I'.rpi. or Ag
riculture follows: "A moderate de
mand for wool is largely on 64s and
finer qualities. The bulk of the de
mand Is for western grown wools al
though some Interest 1b being shown
in fine fleeces. Prices are steady as
compared with last week."
FRANCISCO APPI.M
Ban Francisco iev t Fed 'State mkt.
News Rer I Apples. boxes, Calif.
Newtown Pi noma 92 60-93: few S3 50:
loose 92-92 50 Northwestern Home
Beauties. Icy. large $20-$J; Newtown
MARKET QUOTATIONS
New York Stocks
(Closinf Quotations)
New. York UP The market closed
mgner:
Air Reduction
Alleghany Corn.
J 23
Ainu-Chalmers Mfg. Co
American Can Company
American Car 6i Foundry
A inert Can & Foreign Power....
American Locomotive
Am. Had. & Stand. Sanitary..,
Am. Kolllng Mill
American Smelt A He fining, . .
American Steel Foundries
. 51',
118'
...53
. 63 i
, 49 V2
25 '4
. 53 !,
American Sugar He fining..
American Tel. & Tel
American Tobacco B
Anaconda Copper Mm. Co..
Atchison. To do it a &. H. Fe..
49 3-8
206 i
2322
. 49 Ai
209 "4
Auburn Automobile 102
tsaiuwin locomotive 203i
Baltimore St Ohio 103
ucndlx Aviation
Bethlehem Steel 80 5-8
Brooklyn Union Gas 125
uyers (A.M.) 7!7i
Calumet Ac Arizona 52V,
Canada Dry 60 3-6
Canadian Pacific 188 '4
Case tj. l. Co 175',
Cerro de Pasco Copper 50'2
Chesapeake Ac Ohio 178'3
Chicago Great Western 9Ya
Chic. Mil., St. Paul Ac PuC 14 'I
Chicago ii Northwestern C8 5-8
Chrysler Corp 27
Colorado Fuel Ac Iron 47
Columbia uas B2VA
Columbia Graphophone 18'.
Commonwealth Ac Southern 14
Consolidated Gas 106
Continental Can
Corn Products
Curllsa-WrlKht
. 82 34
.. 7'f
. 66 'j
. 39
. 401;
. 42
. 673;
54 'a
. 394
Du Pont de Nemours Ac Co.
Electric Power As Light...
Erie Railroad
Fox Film A
General Asphalt
General Electric
General Foods
General Motors
Gillette
67
Gold Dust 31
Goodrich
B. F.
Ooodyear Tire A; Rubber 50 3-8
Houston un 74'i
Howe Sound 27?I
Hudson Motor 30 5-8
Hupp Motor Car Carp 14 'i
Indian Hellning 11
Inspiration Con3. Copper 16'i
International Harvi-ster. 84
International Nickel 24 'j
International Tel. Ac Tel 43'.
Johns-Man ville 77
Kansas City Southern 60
Kennecott Copper 38'?
Kresge S. S.) 27 5-8
LigKett Ac Myers B 9'B
I,ocw's, Inc 65
Malhleson Alkali 3?
Mack Trucks 52
Miami Copper 17 U
Mid-Continent Petroleum 24
MlHsourl-Kansas-Tcxas 3C?
Montgomery Ward 34
Nash Motors 32 3-8
National Biscuit Co 82';
Nntlonul Cash Register A 48';
National Dairy Products 40'8
National Power Ac Light 37
Nevada cons, copper l
York Central 159
N. Y. N. H. A: Hartford 105
North American 93 3
Packard Motor 13:A
Pacific Gas A; Electric 50
Pan American B 57 7J,
Paramount-Publlx 5",
Pennsylvania Hull road 74'i,
Peoples ias 261
Phlllipa Petroleum 31",
Pierce Petroleum 4JJ
Public Service of N. J. . . . 93",
Pure Oil Company 20
Itndlo Corp. or America 34 -'i
Hutilo-Kclth-Orpheum A 30
liL'nodH Tobacco B 50V-!
Wears Roebuck 63 'i
Shell Union Oil 18Ji
Simmons Company 24'
Hlnrlair Consolidated Oil 21 3i
Sotithern Pacific 113
Southern Railway 90 5-8
standard Gas & Electric 90
Standard Oil of California 59Tn
Standnrd Oil of New Jersey 65'i
Standard oil of New York ai
Stone Ai Webster 77
Studehaker Corp 27
rex us torn di'4
Texus Gulf 52U
Texas PaC. Land Trust 19
Tlmken Roller Bearing 58"
Transcontinental Oil 17!
Underwood El lot t Fisher mi
Union Carbide Ac Carbon 68 i
United Aircraft 51 5-8
United Corporation 31 '
Unitrd Gas Improvement 35'i
United States Rubber ui'i
United StnteR Steel 1 1567;,
-Mlltlps Power Ac Lluht A 32 Vi
Vanadliun 79
Warner Brothers Pictures 4,1 '
Western Union 1033;
Wrstlinrhume Air Brake 38
Westlnghouse Electric 135'
WUIvs-Overland 6
Woolworth (P. W.) 504
Worthlnston PumD 126 U ,
Yellow Truck & Coach 24 I
SI.I.F.CTKD CI Rn STOCKS I
American Light A Traction.... 58' a
AmerlCiin Superpower 33 'i
Asociated Gas A 3'
Brazilian Traction L. & P 3d1:
Cities Service 26
Cord Corp '
Prri'kr.Wliilr IT!.
Electric Bond A: Share ll
Ford Motor Ltd 14 5-8
Fox Theatres A . . .' 8-
Goldman Sachs Trading 21
Gulf Oil of Pa 122
Humble Oil 80'
Indian Ter Hum Oil B 28
Newmont Mining 87'
Niagara Hudson Power 1
Ohio Oil 85'
Pennroad Ill
Sheaffer Pen
Standard Oil of Indiana 49'
United Gas Corporation 2
United Light & Power A 37'
Utilities Power & Light 17'
XP $3 25-$3.50; fancy $3-$335; small
nizrs low as S2. New crop Calif, lied
As t radians 80c-$l per lug. Graven-
stclns, C grade S2-S2 25.
SAN PRANC1SCO POI'l.TRV
Ran Francisco it'Pl Leghorn broil.
crs. all sizes 20-22c; leghorn fryers
2-2'i lbs. 21-22c: colored fryers 2-2,
lbs'$20-25c; 3-3' T lbs. 30c; colored
roasters over 31, lbs. 30 -32c; old col
ored roosters 12-15c; Leghorn old
roosters 12c; Leghorn hens, all sizes
15-ldc; colored hens 5 lbs. and over
25c; under 5 lbs. 25c. Turkeys, all
sizes nominal.
SIS FRANCISCO lIRY
San Francisco tUPi Butter 92
score 34; 91 score 311,: 90 score 30'
nee!-
Btrws. No. 1 extra large 25 '4
turns 20 small 12',. Cheese. Cali
fornia fancy flats, Oregon triplet 17.
LIVERPOOL IH:AT
IJverpool a'Pi Wheat futures:
July. open, low $1: high, close $1 01
',; Oct.. open, $103',; high $1.04;
low $103 3-8; close $1 03. Dec, op
en, low $1.00; high $1.08 3-8; close
$10V
CHICAGO I.UK.HTOCK
Chicago r U. s. . A l Hogs
25.000 Strong to 10c higher; 140-160
IDS. BH-BV in; aaU-SM) IDS. B41WU-BV4U.
Cattle 5500: calves 2000 Slow, stea
dy to strong. Steers 800-900 lbs. $9 50-
fto: i;ioo-i50o ids. bio wj-b iz.oo;
vealers $10-$11 50.
Sheep sou: lat lamos V5-.wo tower.
Sheep around steady. Native lambs
Si i; rnoice westerns nem arouna
$1135. Slaughter sheep and lambs:
lambs 92 lbs. down $1050 $1125. 91-
ioo lbs. $e-$o.75; ewes w-io ids. j-
$3 75.
rillCAliO tlHMN
Chicago iCPi A short covering
movement that carried prices tip
nearly 3c on the board of trade Tues
day resulted from the strong foreign
cablea with Liverpool sharply higher
and leaa favorable crop news from
Australia and Hunsarv while the de
liveries Tuesday were extremely light
On the last bulge eastern houses sold
and tlit best fiuica wert not main-
, talned but the market closed with
good gains. Corn was firm with wheat
but oats wen uneven throughout tlje
session.
At the close wheat was l-2c high
er; corn -l',?c higher and oat 5-8c
lower to ,c higher. ProvUlons were
strong on meats and about steady on
lards.
Wheat futures: July, op?n. low
0VV4. nig 11 vi 74; cios vufc. oepi., op
en, low 93; high 95; close 94.,
Dec, open, low S&; high S1.0lf4; I
close $1.00;.
Cash grain olose: Wheat, no sales
reported.
POKTI.AM WHEAT
Portland Wheat futures, July
open, low wu'jc; nign, ciose Bi'jc.
oeoi. ODn. low Die: num. clnRe ulc
Dec, open, low 84 'c; high, 'close 95c.
Cash wheat: Big Bend Bluestem,
$1.07: soft white, western white 03c:
hard winter, northern spring, western
reu wic.
OuU. NO 2 3B-lb. White S27.
Today's car receipts, wheat 42, oats
nay 1.
STOCK MARKET
IRREGULAR AND
TRADING HEAVIER
New York (LP) The stock market
Tuesday closed as It opened with
prices irregular, the majority lower,
but losses at the end of the day
were much greater than the open
ing, ranging from 1 to more than
5 points.
Volume of trading picked up and
sales were tne largest in a week.
gales totaled 2,278,850 shares.
against 1,843,050 shares Monday.
in the Dow, Jones & Company
industrial average (preliminary cal
culation) declined 3.02 points to
223.32, while the railroad average-
rose 0.80 tO 128.80.
At one time during the day the
entire list was riding upward eas
ily. Traders lost faith in the pos-
ibility of a steady rise in view of
the approaching holiday and many
were taking prouts in the late trad
ing.
The decline gathered momentum
toward the close.
United States Steel led the mar
ket up In the middle of the day
and down later. At one time It
reached 161, up 1. Toward the
close It was holding around 157,
off 2r-i.
Industrials registered the widest
declines. Utilities also were sharp
ly lower. Rails appreciated early
in the day and lost part of their
gains. The group closing irregular.
Oils were firm.
A factor in the selling was the
weeKiy steel operations report show
ing the Industry down 2 per cent
from a week ago at 64 per cent of
capacity. A year ago the industry
was operating at 3' Der cent.
Further reductions are expected this
weeg aue to the holidays.
call money rose to 3 per cent
from the renewal rate of li per
cent wie to witndrawais to meet
the mid-year interest and dividend
payments estimated to run above
billion dollars.
ucennes or 4 to 5 points were
made by westing house Electric,
Worthington Pump. Eastman Ko
dak and American Tobacco B. Oth
ers ranging to above 3 points in
cluded General Electric. Interna
tional Printing Ink, American Can
and Auburn Auto. North Ameri
can and American Telephone and
Telegraph were down more than 5
pom Is each.
SGHRUNK LOSES
SUIT FOR DAMAGES
Hawkins & Roberts of Salem arc
not held to pay damages for per
sonal Injuries to Verd Schrunk, re
sulting from a collision between his
motorcycle and a horse owned by
the Salem firm, according to a su
preme court opinion Tuesday.
The collision happened in Inde
pendence on the night of February
. 1928.
Trial in the lower court resulted
in a jury verdict for Hawkins &
Roberts. Judge Arlie O. Walker,
however, granted a motion to set
aside the judgment and order a
new trial. From this order Haw
kins & Roberts appealed, securing
a reversal opinion Tuesday, writ
ten by Justice Rossman.
HOLD-UP MEN KILL
GAS STATION OWNER
Tacoma, Wash. (LP) Michael
Hennesy. 60 year old proprietor of
the Falrhaven gas station on the
mountain highway was dead and
his wife was In serious condition at
the county hospital Tuesday as the
result of a hold up late Monday
night.
Two bandits, described as young,
dark complextoned men. walked
into the store shortly before mid
night and ordered two sandwiches.
The pair walked up to pay the bill
and scooped about $25 out of the
cash register.
Mrs. Hennesy tried to push the
thugs away and they struck her
over the head with the butt of a
pistol. Hennesy, hearing the strug
gle, rushed to the aid of his wife.
One of the men fired and Hennesy
dropped dead.
The hold up pair then escaped.
Hennesy was a former county and
city employe.
VISITOR AT HI BBARD
Hubbard Mrs. Louise Ooodyard,
daughter of Mr. and Mrs. L.
Drehrer. Is visiting at the paternal
home this week. She is accom
panied by her children. Helen, Ruth.
Tom and Francis. Their home is
in Falls City.
MRS. RAMSKY ILL
8 liver ton Mrs. U. Rambsy, who
lives at the po't Pant as taken
to the local hospital Saturday eve
nlng for medical treatment and a
rest. It was stated that one of the
neighbors calling on her In the late
I ter noon, found her in bed unable
to get up. She Is not seriously 11L
CHERRY DEAL
SWITCHED OVER
TO M'MINNVILLE
A Royal Anne cherry barreling
deal which was slated to open here
Tuesday morning and take up
Mack of at least-150 ton in unsold
cherries was suddenly switched to
McMinnviue by Ed Bienn, local
man for R. D. Bodle As Company
of Seattle who were to put over
the deal.' Biehn states that inas
much as all of the cherries on the
deal, would have to go thrcugti
Sherwood anyway and it turned out
the necessary cherries were avail
able there the sudden switch was
made.
Biehn Monday was making prep
arations to put on the tifal here
with the hopes that deliveries could
start Tuesday when the cherries
were located at McMinnville and
the deal here called off.
The R. D. Bodle company, he
states, will officially close its straw
berry deal next Tuesday. This
company has handled a very heavy
tonnage of strawberries out of Sa
lem and Lacombe tli.s year.
Around 350 tons were taken In
from around Sublimity. The com
pany has put up over 2200 barrels
of soft strawberries in large slices
out of the berry deal In this vicin
ity.
Wlifle the company has operated
at Lacombe for a number of years
with Biehn handling the deal this
year it opened a delivery station
at Terminal Ice and Storage com
pany in Salem and also tooS on
deliveries of strawberries here.
DALLAS RIGHT TO
BUY PLANT UPHELD
(Continued from page 1)
chasing Gates' Interest. The city was
to have the right of purchase at any
interval of five years after the 20
year period.
During the term of the lease the
contract provided that Gates, or his
successors and assigns, should be
entitled to all the revenues from the
plant at consumers' rates specified
in the contract, Gates or his suc
cessors to maintain and operate the
system and make necessary exten
sions.
It was provided that If Gates and
the city were unable to agree on
a purchase price when the city de
sired to buy the plant each ehold
appoint an arbitrator, and if they
were unable to agree they should
appoint a third arbitrator. The or
iginal $12,000 payment was to be
deducted Irom the agreed price.
After the expiration ol 25 years
the city notified Gates that it
would exercise its option. The city
contended that the value was $78,-
000. while Gates contended it was
S159.000. Since they were unable
to agree the city appointed J. C.
Stevens as its party to the arbi
tration, but Gates refused to name
an arbitrator. The city sued to
enforce p?rformance of the con
tract in this respect. Gates de
murred and was upheld by Judge
Brand, the city Appealing.
The city Is without sufficient
money on hand to make the pur
chase, and under existing charter
provisions has no authority to bor
row the money. To raise the money
it will be necessary for the people
of the city to amend the charter
by - authorizing the Issuance of
bonds. This, Gates contends. Is
not sufficient to entitle the city to
a specific performance of the con
tract. He contended that before
he could be compelled to incur the
expense of appraisal and valuation
the city must either have sufficient
money on hand or have charter
authority to issue bonds. The su
preme court does not uphold these
contentions. '
Gates also relied upon the 'prin
ciple of law that where two parties
enter into a simple agreement or
contract for the sale of property
at a price to be fixed by arbitrators
and one of the parties refuses to
appoint an arbitrator, the court
cannot, upon the application of the
other party, either fix a price it
self or appoint arbitrators, for the
reason that, the contract being sim
ply for a sale at a price to be fixed
in a certain manner, the parties
cannot be compelled either to sell
or to buy at a price not so fixed.
The supreme court holds that this
English doctrine. In this case.
it Is held, this contention would
hold If the mode agreed upon for
fixing the price were an essential
part of the contract. It is held,
however, that it was not a con
dition nor the essence of the agree
ment, but was subsidiary to its main
purpose.
It would work a gross injustice
upon the city." says the court, "if.
at the expiration of the period of
25 years from the date of the pas
sage of the ordinance and alter
the defendant had been for that-
length of time receiving the sub
stantial benefits of his contract at
nominal rental of $1 per year.
upon the city's attempt to exercise
he option . . .defendant, by re
fusing to appoint an arbitrator,
could prevent the city from ever
coming into possession of the plant
The defendant expressly contract
ed that he would appoint an ap
praiser. To permit him to violate
his contract and to continue indef
initely in the possession of this
property without paying anything
of value to the city would work a
gross Injustice and hardship upon
the etty and would permit the de
fendant to profit from bis own
wrong. For the court to determine
the price at which this property
may be transferred to the city can
work no hardship upon the defend
ant, for the contract expressly pro
vides that 'until such arbitrament
Is made and the amount determined
paid over to the contractor, the
use and lease of the plant shall
be extended and continue unmo
lested according to the provisions
hereinbefore made and provided.
Hence until the money Is acutally
paid to the defendant his possession
and enjoyment of the plant will
remain as before.
The court does not sustain Gates'
contention that the contract can-
Showers Causing
Gloom to Deepen
Among Cherry Men
Sudden suspension of black cherry picking with possi
bility of the Bing deal going
which means almost a catastrophe to that end ol the-deal
unless It shops as suddenly as it
started, caused more gloom In the
cherry situation Tuesday,
The main troubie with the rain
of Tuesday was in wetting the cher
ries and causing suspension of pick
ing. .Black cherries cannot be ship
ped when wet as they rot ana? mold
very quickly and the Bings are ex
tra susceptible td this condition.
However, unless the rain should
set in for a time It Is likely no
particular trouble will be caused
for Ihe Lambert deal by the quick
shift of ths weather, That wasn't
due to start up to any extent be
fore the first of next week and it
is believed the clouds will be turn
ed to sunshine well before that
time.
The latest rain doesn't threaten
to do much cracking damage un
less It sets In for a Ion? spell as
the sugar is pretty well in the
cherries and In the main they are
said to be ripe enough to resist
the cracking danger.
Black cherry shippers are all
set to handle one of the biggest
deals In history and rain conditions
will mean a heavy loss to them
even with clearing weather for the
Lambert deal as the Bing deal has
been badly punctured.
The Salem Cherry Grower's as
sociation Is now all set up and
ready to go in 1 now West Sakm
plant and has been receiving cher
ries from the first of the week. It
started off with 3 men and women
at i no luuics una an naauionru
number was scheduled to be put
on Tuesday morning. The associa
tion is employing about equal num
bers of help from Salem and West
Salem. The arrangement of the
building is such that the fruit can
be handled cheaply and conven
iently as possible. It is received at
the front of the buildins. weiehed
and passed to the sorlin'? tables.
boxed and labeled and then load
ed directly into fte refrigerator,
cars. I
Word was received from Roy
Hurst he will be here in a day or
two and Is shippintr the ecminment
ne usea at The Dalies to Sheridan
for his receiving plant there.
Young & Wells and Claude Mc-
Kinney are also all set in their
respective receiving plants at the
Terminal Ice & Storage plant and
the Mason -Ehrman warehouse, and
both had crews on early this week
witn gooo: deliveries coming in.
In the meantime there Is not
much difference in the status of
the Royal Anne deal although with
the opening of the market to some
extent at 5-cents it is expected
fully 85 per cent of the Ann?s will
be under cover of some kind before
tne deal is over.
NO INSISTENCE
FOR GOVERNORSHIP
(Continued from page 1
ceptible to the Eastern Oregon dele
gation to the nominating conven
tion must be one who ' understands
and Is sympathetic with the Inter
ests, problems and asnirations of
eastern Oregon and who will pledge
his support to their solution or real
ization when clecisd."
In the same breath the commit
teemen asserted "That we will not
individually pledge our vote to the
cause of any candidate for the re-
puoucan nomination prior to the
time of the meeting of the repub
lican state central committee," and
further:
"That we will not Individually
make any committments in behalf
of any candidate until after first
consulting the other central com
mitteemen who now have or may
hereafter sign this statement."
Two conclusions to be deduced
from the text of the resolutions is
that the nine committeemen who
attended the Pendleton meeting
are to vote as a bloc In the nom
inating convention, and that they
intend to augment V&ir strength
by soliciting the support of the oth
er nine committeemen from the
eastern part of the state..
Considering that there Is little
likelihood of eastern Oregon hav
ing more than one or two candi
dates for the nomination before the
convention, perhaps none, while
the committeemen from the 18
counties In the west will at the out
set be divided between a dozen
or more prominent aspirants and
favorite sons the bloc strength
of the sage brush delegation will,
if It remains united, be a formid
able factor in determining the nom
ination. It Is easily dlscernablc
that the extent to which candidates
for the nomination will go In the
matter of concessions to Eastern
Oregon will be a determining fac
tor. Another recommendation which.
If adopted, would add materially to
the potency of the eastern Oregon
block advocates the adoption of a
majority rule for the selection of
the nominee, declaring:
"That If the law governing the
republican central committee Is not
clear that It Is mandatory that the
committee selection of a republi
can nominee for governor shall be
made by a majority vote, then we
favor the adoption of a rule by the
committee Insuring no nominee be
designated by less than a majority
vote f the committee.
In another section of the reso
lutions adopted at Pendleton is a
significant expression which may or
may not reflect a concession to
the state party leaders who are
endeavoring to subordinate the
power development policies of the
party's late standard bearer In the
gubernatorial platform to be writ
ten. In the foUominj words the
committeemen sidetracked the pow-
not be enforced because of lack of
mutuality.
The ease Is remanded to the low
er court for further consistent action.
to pieces after a second rain
er issue from the gubernatorial
campaign by assigning that par
ticular political problem to the
state's congressional delegation:
"We commend the efforts of our
delegation in congress to secure leg
islation for the full development of
the Columbia river in behalf of
power, transportation and reclama
tion and that we recommend to
our delegation in congress that the
Deschutes river and other tribu
taries of the Columbia be Included
in the program of development in
behalf of power and reclamation."
Significenlly, there is not a word
written into that plank connecting
it with the governorship. It seem
ingly dismisses the whole matter
so far as the gubernatorial cam
paign is concerned by turning it
over bodily to confess and the
federal government, an attitude
which will unquestionably draw the
fire of the Joseph faction of th2
party at the convention and which,
very likely, will precipitate a bat
tle disrupting the pany and bring
ing forth an independent candi
date to carry the Joseph banner in
November.
Already two movements In the di
rection of an independent candidate
have been launched by followers
of the late Senator Joseph. The
Municipal Ownership league ol
Portlr.nd has issued a tentative call
for a nominating assembly to be
held soon r.Her the meeting of the
state central committee for the pur
pose of nominating a candidate ol
their own choosing if the commit
tee falls to true satisfactory cog
nizance of their policies, or nomin
ates a candidate unaccep'.ibJe to
them.
The second organized demand
comes from the sportsmen on be
half of Rufus C. Holman, first lieu
tenant of Joseph in his primary
election campaign, and is oiced by
the Multnomah Hunters and Ang
lers' club, of which Holman was re
cently elected president. A Port
land report says that petitions
urging Holman to be an indepen
dent candidate if he is not given
consideration by the state commit
tee are being circulated" over the
state by organized sportsmen.
Meeting In Portland Saturday
and Sunday the Municipal Owner
ship league took formal cognizance
of alleged efforts within the party
to expurge the Joseph principles
from the platform to b3 drawn for
the fall campaign, resolved to carry
on the battle and named a commit
tee to call the nominating conven
tion if one becomes necessary.
"We view with alarm," the reso
lutions commenced, "the systematic
and persistent efforts of the power
trust and other predatory interests
to scuttle the principles that our
beloved leader, George W. Joseph,
fought and1 gave his life for. We
feel that it would be cowardly su
pinely to lay down and permit these
principles and ideals to be des
troyed by the selfish interests, and
we therefore call upon all friends
and supporters of the prinnciplcs
and idea's of George W. Joseph to
join in a movement to select a
worthy successor as governor of the
state of Oregon."
Another expression of the com
mitteemen meeting at Pendleton
which carries an Intimation that
they are not sympathetic with the
advocates of the Joseph program
and desired to be freed inasmuch as
possible from the lobby pressure for
a municipal power plank recom
mends that the nominating meeting
be held somewhere outside of Port
land and1 suggests The Dalles as a
central location. A preference Is
expressed for holding the conven
tion In some county which has no
avowed candidate for the nomina
tion. The committeemen present at the
Pendleton caucus were A. D. Swift,
Baker county; c. H. Bldwell, Union;
R. W. Hendershott, Deschutes ;
Fred Bell, Hood River; Howard"
Turner, Jefferson; S. E. Notson,
Morrow; E. D. McKee, Sherman;
T. C. Elliott, Umatilla; O. P. Fitz
gerald, Wasco.
MRS. WEBSTER LEAVES
Suver Mrs. Richard Webster of
Steavenson, Wash., has returned to
her home after spending a short va
cation with her mother, Mrs. C. A.
Nott and other relatives in Dallas
and Monmouth. The Websters are
In the theater business in Steaven
son and are former residetns of
Polk county.
Aurora Miss Evadna Hurst Is
spending her vacation as leader of
a state group of Girl Scouts at
Camp WUdwood, between Molalla
and Canbv. Miss Hurst will be
away two weeks or longer.
Silverton Ray Dullum, who built
bungalow on his lot at Ocean
Lake some time a?o. has moved his
family there for the summer. He
will remain on his ranch and spend
the week ends with hl family.
GRAIN DEALER
and SHIPPER
Buyers Wheat, Oats Barley
Sellers Grain, Bags, Twine
Farmers' Grain Warehouse
HARRY MILLER
Slate' License Warehouse No. 374
DORAN RULING
UPHOLDS SALE
OF MALT SYRUP
While as far u known around
here15 cents Is the highest legiti
mate price paid or hops since the
downy mildew Hurry bolstered up
the market, 15 cent offers are re
ported to be rejected in a number
ol cases ana ouyers say inai uup
are msuiimJB w ibmhi w
buy. Many growers are still look
ins for a 25 cent market and oth
ers are hanging on but not saying
what they will let loose lor wnue
cording to reports.
T. A. Livesley is m receipt Of
clipping from the St. Paul Daily
News, copies of which are being
sent over the country, in which a
brief resume is made of Prohibl--
11011 vomiutiaiuiicr uumu. miwc. -
pretanon ol tne pronmiiion law ui
sion relative to malt and malt
syrup. This syllabus of the Dorau
interpretation in the St. Paul pa
per is as follows:
Malt and malt syrup can oe omi
legally in St. Paul or any other'
city.
This Is the substance or instruc
tions recently issued In Washington
by Dr. James M. Daran, commis--sioner
of prohibition to prohibition
administrators.
Sale of malt will only be Inter
fered with when it is definitely
proved that It Is sold for Illegal use.
The burden of proof Is on the gov
ernment. "Dr. Doian made the statement
to clear up misunderstandings
caused by a decision of the United
States supreme court In the Dan
ovitz csc. Danovitz was accused of
supplying bootleggers with whiskey
bottles, whiskey kegs, whiskey la
bels and forged government stamps.
Malt was In no way involved.
"G. Aaron Youngquist, assistant
attorney general in charce of pro
hibition, concurred In Dr. Doran'a
instructions.
"It was pointed out that malt
syrup has been sold in the Unite
States for 40 years and is no more
an Ingredient of lllesal beverage
than molasses, sugar, yeast or siml---lar
food Items.
FARMERS TOLD
T
Washington, (IP) Farmers thru
out the wheat bolt were advised
Tuesday by the federal farm board
lo withhold from the market their
Krain on the new crop until prices
are less depressed.
Expressing the view wheat prices
would rise later, the board said
the tendency of farmers to hold
the 1930 grain on the farm was a
"move in ths right direction."
Meanwhile, the beard again made
knovn its intention to make sup
plemental loan3 to cooperatives to
enable farmers to borrow a total of
about eight percent of the current
market value of their grain.
With this help, the board feels,
farmers will be able to avoid dump
ins the new crop on the market
and lowering the prices further.
The board indicated that for the
present it is not planning any
cmercency stab.lizaUon cf the new
crop.
GREEN PRUNES
White there are still some reports
of green prunes being bought here
and there for canneries at $20 a ton.
the price fixed earlier in the year.
buying has somewhat slowed up but
is by no means at an end. can nens
state that ths influx of other crops
with their packing season on has
caused the lull and the matter of
green prunes has more or less been
forgotten for the time being. While
the dried prune market remains
slow it is expected the carryover
will probably be pretty well used up
by the time the new crop comes In.
So far there has been no aeiimie
decision as far a known as to whe
ther any green prunes will be ship
ped from here fresh this year, al
though Roy Hurst stated some time
ago he may consider such a deal
TREASURY SURPLUS
NOW $184,000,000
Washington (LP) The treasury
surplus for the fiscal year ending
June 30 was approximately $184,-
000.000, It was announced at the de
partment Tuesday. Receipts for
the period totaled $4,178,000,000,
while expenditures aggregated $3,-
994.000.000.
Last year the surplus was $185,-
000.000, with receipts totaling $4,-
033.000 and expenditures $3448,000.
000.