Capital journal. (Salem, Or.) 1919-1980, November 08, 1930, Image 8

Capital journal., November 08, 1930, Page 8, Image 8

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Newspaper Page TextTHE CAPITAL JOURNAL. SALEM. OREGON SATURDAY, NOVEMBER, 8, 1930 LATE RALLY STEMS COLLAPSE IN STOCK MARKET PACE EIGHT DECLINE BRINGS LIQUIDATION OF WEAK ACCOUNTS New York (IP) A sweeping decline In Cities Service stock on the New York curb exchange was of suffi cient weight to bring another wave of selling Into the stock market Saturday after a rally had start ed in the early trading. According to preliminary calcu lations, the Dow, Jones & Co , In dustrial average declined 1.S4 to 172 80 and the railroad average 103 to 105.88. Sales for the session totaled 2, 070,760 shares, compared with 1, 001 ,290 shares last Saturday. Cities Service common stock broke simultaneously on the curb and the Chicago stock exchange. On the curb it touched 161., off 4 '4 Mints and on the Chicago market. 16 U. off 4'a. At the lows, the is sue had a loss of about $1,500,000,- 000 from its high made last year. Cities Service convertible 5 per cent bonds broke to a new low on tne siirb bond market. Weakness in this stock, next to American Telephone, has the wld mi distribution of any issue, was mfficient to offset the good effect of the democratic pledge of sup port to bring back prosperity. The latter had been one of the causes of strength in the early trading. The selling movement In stocks began when Steel common came out 12.300 shares at 140. The Issue quickly broke through this price to 139 and the whole market wem down with it. Toward the close it came back above 140. The liquidation, part of which was lor weakened margin accounts, ran until near noon when another rally set in among the leaders. Before the late rally almost every active stock had descended to new low for the year and in some Instances new lows since 1926 were made. Railroads continued under heavy pressure. New lows for the year or longer were made by C. and O. N. Y. C, Atchison and Pennsyl vania with losses ranging above 2 points. Radio corporation was a weak spot, touching IS, off 2, and a new low. In the third quarter Radio Corporation's net Income was equal to only three cents a share on the $5 cumulative preferred B stock af ter the regular payment on the 7 per cent preferred A stock. For the first nine months Radio's income was equivalent to $2.20 a share on the 7 per cent preferred A stock, far under dividend requirements. The adverse Radio report had a bad effect on the market for a time. It rallied slightly before the close with the other issues. Foster Wheeler preferred made a drop of 33 points to 117, the issue making up its decline to get into line with other issues wmcn naa sold off while it has not been traded. Utilities made new lows. North American lost nearly six points and losses ranging to 2 points were made by Consolidated Gas, United Corporation and American Tele phone. Skelly was the target of the bears In the oil group. It sank to around 10 with a loss of more than 4 points. New lows also were made by Sin clair and Standard of New Jer sey, the latter approaching the 50 mark where Rockefeller interest last year placed a bid for 1,000,000 shares. U. S. Steel made the most Im pressive rally of any Lfsuc. It closed at 140', up 'z point from the pre vious close. Salem Markets Compiled from reports of Sa lem dealers, tor the guidance of Capital Journal readers, (Revised dally). Wheat: No. 1 white 65; red, tacked 63c bushel. Feed oats. 620 ton; milling oats 621; barley 620-421 ton. Menu; bogs, top grades 1301 B0 lbs. 6U.00: 100-200 lbs. SUM); 300 250 lbs. 66; 250 350 lbs. 67.50; sows 7.50. Cattle, top steers &.6',c: cows, S- l.4c; culls and cutters 3-3c. Sheep, spring lambs S-ASe; year lings wethers 3',i-4c; old ewes 3-3c Lai ves. venters, top 10c; heavy and thins 6-7c. Dresncd meats: Top veal 12c; No. 3 trade 11c; rough and heavy 9-10 and up. Top hogs 120-150 lbs. 14c pound; other grades 13c down. Poultry, light to med.. hem ll-l&c lo.; heavy hens 20c; broilers, all col ors 18-22c; old roosters 7c. Eggs, pullets 27c; fresh extras 31c. Butterfat 35c; prime butter 38 39c: ube extras 36c; standard cubes 35c. loaf 23" M"lon Count triplets 22; i UIHH.F.SAI.K MAKKFTS "h fruit: Oranges, Valencia! 68 to 6 50 case; lemons, 60..'jO-67- ba nanas flc lb.; grtipelrult, Texas 67; Ile of Pine. 6B.&0; Ariz , 64 75; apl pies, 61 25 61.50. Lime BJ &o car ton, canabns 2c lb., cantaloupes 62 Crate, nil sizes. Urapes: Thompson needless $13 90 lug. Concord 6126. Zlmfsndrls. 90c; Tokays 61.40; Idyftnger 62- Ma lagas, $1.25. Pears 61 box. (I round -L err lea 16c lb. Huckleberries 15c lb. Cranberries 65.75 box. Fomgran ates. 6160 lug. , Fresh vegeittble: Tomatoes 60c a boi; lettuce. Calif, 6125 crate; cu-i cumbers slicing. 40c do?..; pickling I oa-tc pox; reiery, doz bunches, 60- w. iwaris wc; ai.a to VJ 35 crate. Cabbage l',c lb; green corn. 6105 rib. uoz.. ears; green peppers (k lb.; red, 10c; spinach boc crate: cauliflower. 61 25-1 40. Squash, Marblehead 2c lb ; Hubbard 2c; Vnn- ish. 4c; peanut. 3c; peas 8c lb : aril chokes, 61-10 doc.; Brussels sprouts Bunched vegetables: do?. bunch es) turnips eoc dux ; parMey Oc; carrots 40c; beets. 40c; onions 40c; radishes 40c; green bean 5c: lb. Barked vegetables, potatoes. Bur banks, 6175; others. 6150. Unions, Waiia Walla. Si 25 nirklui tu- ih - local gi oo. carrots, 2c lb; 2c; rutabagas 2',; turnips parsnips 3l,c. garlic 15c lb.; PoUtoes io lb. beets a sc. sweet ROOT,. MOM MR Market nominal. Wool, coarse 1ft. nullum 30c; lamb 10; mohair kid 25; tout staple 30c lb. MARKET QUOTATIONS FOHTI.AND I IVfcKTfMK Portland (UP) H( Saturday 05. all direct. Week's tuUl 6J06. Market compared witb week mo: Killing classes 60c lower. Feeders alady. Bulk 100-300 lb. butcher 110 35: sev eral loada Monday S10 40 and one deck $10 50. Hough packing sow. ttt 8.50; imooth feeder piss extreme ly scarce. cattle Saturday io, including an through. Calve, none. Week's total cattle HBO; calves 316. Market com pared to week ago: ttteera lib-tube hlith er. Bhe stock 25c higher; bulli. ales and vealera a tend v. Bulk desirable steers 47.50 up, top SB 36 for under uoo ids. Lower grades an weignift at 47.25 down, but seldom below SO 50. Top carlot heifers 47; cows 66. Odd heud higher. Bulk desirable she stock to up. ix)W cutters and cutters SJ-av Medium to good nuns avou-ia.ou. Cu ves sio. Vealera an. fifteen Haturday none, week s total 3015. Ewes steady to 25c hlwher than week ago. Medium to near choice lamb 90 lbs down 65 50-18 50; strict ly choice uuotable 67. Medium to choice yearlings 63.50. Cull to choice ewes 61-63. POKTI.M DA IKY KM HAM. E Following prices effective tiutur- day. Butter quotations for shipment rrom country cremeries ana c Is dr ducted as commission. Butter: cube extras 36c; standards 35c; prune first 33c; firsts 31c. Eiriw: poultry producers' prices: fresh extras 35c; standards 31c; fresh mediums 28c; pullets 19c dozen. PORTLAND UHOI KSAI.K PKin These are prices dealers pay whole salers except as otherwise noted: Butter, best extras 3ti-37c in car tons. Butterfat: direct shippers track, 32c; No. 3 grade 37c; station No. 1. 31c: No. 3. 26c. Portland delivery uric es: No. 1 butterfat 35 -36c; No. 2, 30-31C Milk, buying prices: Grade B 62 25 62 65 per cental, Portland delivery and Inspection. Cheese: Belling Drlce to retailers, Tillamook county triplets 30c; loaf 31c lb. f o b. Tillamook. Selling prices Portland, triplets 2zc; lour ajc. Live poultry henvy hens, colored, over 4j lbs. 20121c; 33-4'3 lbs., 17-18c; under 3 lbs. 14-15c; broilers, under 1 lbs. 21c; roasters, 21c; old roosters. 10c lb. Ducks, 18c lb. Tur keys 18-20c. Dressed poultry: Turkeys 10-12 lbs. and tin 'M-'dOc. Fresh fruits: Oranges, Valenelns 6667.116; navels. 66-47.50: grapefruit. Florida 65.25: Arizona 4475; Texas 64.75-65 75. Limes, 6-doz. cartons 62 50. Bananas 6c lb. Lemons, Calif. 4ti 47. uaoongc. iocbi i-ic iu. Cucumbers, outdoor grown, slicing stock C0-75c a box; hothouse, extra fnnrv ft -If doz. Tomatoes, local zo-ow; uaui. 91.10 box; hothouse, standard 42.50; fancy 63; extra fancy $3.25 crate. potatoes, ure. uescnuixs. i.iu- ai in- irw-.ii si SO-Sl 7fi: Klamath Gems $1.75-63; Yaklmas $1.10-8165 cental. Onions, selling price to rvianen; Oregon No. 1 grade 80c-61 cental. Articnoges, wi-iot: Lettuce, Ore., 81-61 25 crate for 6. Spinach, local 60-8.Sc orango box. Cranberries. McFarlane 65 60 box. Huckleberries, fancy 10-12c lb. Melons, Casabas l3i-2c lb. Grapes, Calif, seedless, lug $1.10- $1.35: Tokay, Grants Pans. $1.35; Cal ifornia $1.25-61.35; Ladyflnger $1.65 $1.75 lug; Concord 4c lb. rresn iigs n num. Celery, Ore. 60-5c per doz. Peppem. bell, green 5-8c; red 6c lb. Bweet potatoes. Calif. 3-3','jC lb. Cauliflower, Ore. 75C-61.45 crate. Beans, local fl-8c lb. Peas, Calif. 12c. Green corn, local, 61-61.10. Garlic, new 8-loc. rmmtrv meats selling rices to re tailers: country-killed hogs, best but chers, under 150 lbs. 14-15c; venlers. 70-80 lbs. 14-16c; lambs 12"a-13c; yearlings 8-10r; heavy ewes 3-7c; can- ner cows ac id. POKTLANt EASTSIIIF MAHhl T Knmc verv fancy head lettuce from Tbe Dalles was offered during the week-end Be&sion of the eastslde farmers' market. Sales of twos were nominally to 61 25 with 3s 81 &0 crate. Local lettuce was generally 76c crate with quality more or lewi indifferent. CatUlf lower was In liberal offering with moftt sales of Is at 70 -76c while 2s were 60 -65c. Corn sold up to 81 8125 sack. Tomatoes moved mostly 40-50C box. Cabbage morxei was more acute 80-'J0c crate. Apples sold well at 65- 76c for large stun, spinacn was in fair demand, mostly 60c orange box. Potatoen held atentiy, niosuy si- 81 10 orange box, simll stuff as low as 75c orungc box; $1.25 sack. Genrral prices ruieo: Carrots, doz. bunches 30c; turnips 30c do, bunches. Spinach, fancy 60c orange box. Potatoes, locsi si-i.iu uremic w. 6125 sack. red, 70-75C cantnloupe crate. Green beans, best, oc; outers c iw. Green com $l-$i.2& sack. Tomatoes, No. 1 6()c; No. 2 40 50c box. Celery, local 60-56c doz., hearts. 80-90C doz. bunches. Cucumbers, No. 1 picxnng. uuc; wo. 3 60c; No. 3. 40C; slicing 40c p.)X. Cauliflower, wo. 1 si.iu; u. , w- 75c crate. Grapes, concoros. oj-oc mg. Broccoli, green 60c peach bot. ADDles. tumble pack, large, 65 -75c; small, 61) 60c box. SAN I'BWCISCO APPI.i:s San Francisco 'Fed -state mkt. news service) Apples : Cam. Belle flowers packed, fancy 61-20-61.40 box; 60-850 lug. New towns, loo 75c-8l box; packed, fancy $140-6165; small lower. Storage stock 61 65-61 fl5. De licious. Da eked fancy, large 62-62 26. small $1.60-61 75. SplUenburgs, fancy packed l.ia-i M); woc-i iu jug. Oretron: Winter Bananas. fancv $1 25 81 50; small sizes lower; XF 81 75 to 62 Delicious, fancy 62 2d 63 BO. Spltrenbnrgs XF $1.75 82.10; fancy $1 50 61 85. Washington: Jonathans xr 9170- 6185; fancy 81 50-81 65. Delicious XF $2.75-83; spiuenourgs Ar a-j.o, HAY. CASf 4HA IHK Portland 11 Hay steady. Whole sale prices delivered Portland : east- urrgon limntny wn no iaa vaney 410-41950: alfalfa 819-610.50: clover 816: oat hay 816; straw 87-68 ton. Selling prices 41-42 more. tdscara bark steady, 6C ID. BAN FRNCIsm DAIRY S.m Francisco (UP) Butter. 92 score 35 V 01 score 35; M score 34. Kggs, ext ras, large 41 1 , ; mediums 29 V small 21',. Cnreoe. Calif, fancy flats and trip lets is;. W t'RAMlMO POl'l.TKY 8an Francisco tUPt liens, leghorn 3'4 lrra. and over 22 -23c; under S't lbs. 17-1 8c; colored hens S lbs. ami over 25-27; under 6 lbs, 37; broilers. Leghorn 12-13 lbs. per rioren 34 3V. 14-20 lb, per do. 3D 40o; Colored fryers up to 3 lbs. 25-37t"; leghorn frera 2-2' lbs. 27-29C. colored roast ers 25-2 7c; colored roosters 12 15c. old Leghorn roiwters 12c; Torkc)S, P." lb, young 25.27; old 32-23. rtHir r i Ki it. mr New York i Evaporated apples steady, choice 9V,n: fancy Jl',-13 Prunes steady, Calif. 44 S-,; Ore. 0 7V Apricots ateadv. standard 9',-10-choice 11 ; eitra, choice 14-16 Peaches steady, standard S'.-B; choice B-91,: extra choice 10-10. Rslslua steady. kxe Museatels 4 6-8 to t. choice to fancy seeded ftVS't; seed lens 5-8' i. Hods steady, state 1030 19 ate: 1029 15-18: Pacific coast 1UJ0. 17 20- 1929. 15 IOC. BOSTON WOOL Boston v Trading in wool during the last week continued qui I limited both as to number of buers and Quantities of individual sales. Ue mind was mostly for 56 60s aud finer wools. However, the lower grades moved more frequently than during previous week. Asking prices were fairly steady in apite or limited de inand. A feeling of confidence lu cur rent wool values pertUta very strong. ly among a number of influential factors in wool trade, in spue of a continued dull market. I.H KKTOOI. UMI T Liverpool tl)Vt Wheat range: Dec open, low 71; high, close 82 V Mar open, jow oi-; iiiku oi, ciubc oj ,. May, open, low Bi'ji high oJ'a. close POKTLANIi Ml liAll. II.Ol R Portland Sugur, steady. Sacked basis: Cane, fruit or berry 65.05 cwt. Beet sugar 64 85 cwt. Flour, steady. CUV delivery prices: Family patents, 4Us, 8ti20; whole wheat 65 30; grahum 85.10; pastry flour 65 70. Bivkers' hard wheat, una, 85.65; bakers' bluestem pt acuta 65.50 MTU. HOPS. WOOL Portland (UP) Oregon walnuts 1B-26C; peanuts, J2C lb.; Brails 10-u: almonds 14-18'jC; fllberU 20-22C; pe cans 20c. Hops, nominal, 1929 crop. 5-6c; 1930 crop 10-12c. Wool. 1930 crop nominal; Willam ette valley 13-17c, eastern Ore. 15-16c. SAN I RANrlsf O lit TT Kill AT San Francisco ( Butterfat, f.o.b. San Francisco 39c. PORTLAND mil'. AT Portland Wheat futures open, high, close 0'4; low 6U, open. high, close 731; low 73. : Dec. May, Cosh wheat: Big Bend Bluestem Bll.- unf i white, wetitern white hard winter, northern aprlni;, western red oc.fc. OtiU. No. 3 38-lb. white 424 50. Saturday's cur receipt: wheal 81 barley 2; flour IB; corn 2, oats 3. CHICAGO GHAIN Chicago U1J Wheat futures: Open HiKh Low Close Dec. old . , 743. 7414 72', " ntw ... 74J4 74!'4 March, old ., 78 78', " new ... 774 nVt May. old ... fi0'4 80 ' new ... 80', 80 14 77' 77'i 19 a 79 79 July 80 81's casn grain: wncai. iso. 1 h:ird 74. 8-8 to 75 14 ; No. 3 hard 74'2. New corn No. 4 mixed 64'.;.: No. 2 yellow 73: No. 3 white 83. Old corn No. 1 yellow 75 No. 2 white BH. uats. no. z white 324-'i; No. 3 while 31'3-32. Rye. No. 2. 50; Barley, 43-65; Timothy seed 87.85-88. Clover seed 815.25-423. Lard lieu; riDs i 6u; ocmea xo.ou. SAN" FRANCISCO LIVESTOCK San Francisco t UP t Hogs for the week 3650. direct 860: mostly 1015c lower. Top 811. Bulk 150-190 lb. but chers siu.ou-sio. ; canionuas tiu.zj to 610.75; packing sows weak to 25c lower. Cattle for week 2850. direct 150. De sirable over 1100-lb. steers, others 25c lower. She stock 25c lower. Load 01 good 1140-lb. lntermountaln steers 68 25 top. Bulk good 800-1050 lb. 68.16 to 88.25; medium to low, good n.au 87.76. Common to medium 86 75-67.25. Mexicans 47. Load good 755-lb heifers 87.50. Young cows 86.25-46.50; good cows $5.75-4625; medium 65 .25-85.60. Common 84.50-65; cutters 42.50-84.25. Bulls steady. Medium 65 00 down; feeder cattle steady. Steers 87 20-67.26. Common 84.76-65.35. Saturday 450. direct 125. Two cars good 930-lb. Cal. steers 68 15. Cows 85.25-85.50. Calveb receipts 250, steady. Sheep lor week kj.mdu. Direct iou. Desirable 75-lb. lambs steady: 12 decks good 78-85 lb. lntermountaln 87.75; wethers 44.60. Ewes scarce, quoted 83-64. Saturday 375; direct, no early action. WINNIPEG Ulll'.AT Winnipeg 1UP1 Wheat range. Dec. pen, high 68 6-8; low 6"J4: close 684. May. open, high 74;: low 731,: rlose 74. July, open, high 76 3-8; low , ; close 75 6-8. ciiir uiO i.nEsToi k Chicago uf I IT. 8. D. A t Cattle 300. Compared with week ago. fed steers and yearlings unevenly 50c -SI nigner. jnonween grnue eieera ana vearling show most upturn; sharp shrinkage In supply figures rather than beef trade bettermeii the stim ulating factor: this suKKftitlng a ton- heavy market. Vealera Meaily to 75c lower. Blockers and teeners mean while advancing unevenly although that trade wai relatively slow. Only about imp western graRners in run. Compared f.ih 1G.0O0 a week earlier Extreme lop yearlings S13.75; best heavies s 12.60. very uneven market on heavy steers, weight being tie term- iing iBCtor. Sheep 4000. fat lambs 10-lfic lower. Sheep and feeders normal. For week 74 doubles from feeding Mntlons, 900 direct. Compared with week ago, fat lambs 25-35c higher. leUer strong to 15c rvlKher. Sheep strong. Friday's mug good anu Choice native ininoa ft) 25-SH 75; Ted western SH-SH 73: lew 8.85; the week's ton. Medium rang ers S7-$7 25; fat native ewes S3-S3.75: native yenrllnga S6 50-17.25: week's bulk white fnced feeding lambs S6.75 7 25. Hogs 15.000. Including 14.000 direct eady to weak. 220-260 )b. SO 20- 0 25: practical top D 30; 120-210 lbs. vj-w i: ugnt weignis itsu-iw ids 9-10 20: medium weights 200-250 lbs 9 WW; heavy weight 250-UoO lbs. WASHINTON APPLES SOLD AS CALIFORNIA Seattle iifi In the market places or ureat Britain, Washington ap ples are sold as California apple. from the "great sunshine state of the Pacific coast," Captain James Taylor, master of the British ship Tacoma Star, said here In suggest' Ing Washington "should let the world know the wonderful apples you export to foreign markets are raided In your state." The Tacoma Star will lift 120.000 boxes of apples In Seattle, 30.000 in Portland and 10.000 In San Fran cisco. statFdIyidedTnto 7 trafficdistricts (Continued from page 11 las. Coos. Curry. Josephine, Jack son. C. P. Talent. District No. 5 Hood River. Was co, sliennan, Gilliam, northwest Wheeler, northwest Morrow, E. R. Thnrber. DtMrict No, Klamatti, Lake. Deschutes, Crook. Jefferson, south Wheeler. O. O. Nichols. District No. 7Kast Morrow. northeast Wheeler, Grant, Umatil la, Harney, Wallowa, Baker. Mal heur, Union, c. L. Uenallen, Italy Is giving fovemment aid to aeronautics. COUNTY AGENT HEARING SET FOR THURSDAY Following appearance here of $ delegation from SUverton Friday, the county court set Thursday morn ing, at 10 o'clock in Judge Gale S. Hill's courtroom as the time and place for granting the grant: of the county a hearing on their 1 posal to create a county agent's Job in this county. Members of the SUverton delega tion Included Mayor L. C. Eastman, Norris Ames, president of the cham ber of commerce, and G. W. Steel- hammer, SUverton business man. The delegation stated they did not appear either for or against the move. But the granges, they stated wanted a hearing and In some granges it even had been reported tne county court would not give hearing on the question even If It was a-sked. The court members put the quietus on this report quickly by granting the hearing. They did not fix the time definitely while the delegation was there as It was nec essary to find out when a courtroom would be available as it was expect ed the small county courtroom would not be lanre enough to house all of the delegations expected to come in from various granges. A number of granges have endorsed the move, a number have declared their opposition to it, while some have declined to take a stand one way or another, so it Is expected the hearing will not be altogether one sided. LITTLE DEMAND CAUSES WHEAT PRICE SETBACK Chicago -P) After grudgingly suc cumbing Saturday to the effects of stock market weakness, grain values rallied somewhat In the last hour, and partly overcame the losses. The fact that the Winnipeg wheat mar ket will be closed on Monday and the United States wheat markets will be closed on Tuesday, did much to restrict new buying. Besides, the United States government crop re port will be issued on Monday after noon and this circumstances was also conducive to a lull in demand. wheat closed unsettled H-l cent a bushel lower than Friday's finish. Corn also closed cents down, oats unchanged to 3-8c up and pro visions varying rrom 2 cents decline to a rise of 5 cents. Chicago UF Lower prices on nneat and corn formed the rule cany &aturaay despite the news that rain in Argentina tended to make rust damage enlarged. Dearth of buying rather than any unusual pressure to sell characterized the trade both in wheat and corn. Op ening at i cent decline to i cent advance, wheat later underwent an all-around sag. Corn started 3 cent off to i cent up, and subsequently snowed a general decline. STATE SAVINGS MOVES UPTOWN Hie State Savings Ac Loan asso ciation announces that it will be occupying ite new quarters at State and Liberty streets In the Salem Bank of Commerce building Monday and plans are laid for receiving their mends and customers on that day in me new quarters. The butldmfr, which was recenfTy taken over bv the Guardian group of building and loan associations, will be known In the future as the Ouarlan building. While the 6tle Savings k Loan association will continue to operate as an Independent company under local management. H will be affil iated with tne Guardian group wnu-n nas assets of between $3,000 000 and $4,000,000. J. J. Elliott will continue as secretary-treasurer In charge of the association. Carl Oabrielson, Salem. C. A. Reynolds, vice-president of Coolidge & McCIalne bank. Silver- ton, and E. B. Williamson, vice president of the Albany State bank, will remain on the board of direc tors. All of these men have been director! of the State Saving, & Loan association since its organiza tion nere some years ago and have particiiwted In handling the busi ness which has now grown to over half a million dollars In asset Decorators have been working few days in the quarters to be oc cupied by the association, formerly wvuiHea oy me saiem Bank of Commerce, touching up the wood work and giving the place a thor. ough cleaning and renovating. No remodelling Is needed as not a great while before the merger of the Bank of Commerce with the First Nation al oank tne Bank of Commerce spent around 180,000 on Its banking quarters 10 oe occupied by the sav inics association. It put In entirely new equipment, added new vaults, some of the finest In the state and remodeled throughout and as a re sult the State association will oc cuply the finest quarters occupied oy any savings and loan association in Oregon. Tlie Savings and Loan assnrLitinn plans in tlie near future to install a set of savings deposit bones which It mill feature as an additional fac tor In lt business. WORKING IN t'Ol)riM.E Klngwood Albert Bwkman. of Capllola Vista, on Cascade drive, has accepted a position In Coqutlle and hat left to take up his new dltles. Hoover Commission on Law Enforcement Sets About Drafting Report Washington (UP) With the major part of its research work behind it. President Hoover's law enforcement com mission was ready Saturday to begin preparation of the re port that It will submit soon Tor consideration ol President Hoover and congress. Indications are now that the commission will have its report ready for the president's contider- atlon prior to the time early in De cern Ik . when he must submit congress his annual message on the state of the nation. Throughout all speculation con- cerning the commission's intentions runs a measure oi oeuei inat mom Ileal ion to permit manufacture of light wines and beer will be inciud' ed in the commission's recommeiv dations. It Is reported that some brew eries are being questioned by repre sentatives of the commission re garding prospects of early resump tion of production should the Vol stead act be changed to permit it Grain men are also said to have been Queried regBrding the quantity of grain that might be used in this manner. It was learned Saturday that the commission now has no witnesses or htarings of any nature whatso ever on its calendar. This does not mean that &:mie witnesses may not still be heard, but it indicated that most of the hearings are finished. In the list of witnesses who have appeared bclore the commission since it started two years ago are Secretary Mellon. Attorney General Mitchell, former Prohibition Com missioner James H. DDran and f host of private legal and penal au thorities. Prohibition Director Amos W. W. Woodcock worked with the commission four months on pro hibition prior to assuming his present office. SEEK MONEY TO PLACE OREGON TRAIL MARKER Willamette university will attempt to sell 300 of the Oregon Trail Me morial half dollars and thereby gain enough money to place a marker somewhere along the old Oregon trail. A committee of Willamette instructors decided Friday noon to accept the proposition of tlie Oregon Trail association. Jn accenting tlie plan offered Wil lamette will arrange to buy and then sell 300 of these half dollars. They will be sold for one dollar each. Half Ihe proceeds will go to pay for the money. Forty per cent, or $120, will be turned over to the Oregon Trail association to buy a marker for Willamette uni versity which will be placed some where along the Oregon trail. Ten percent of tlie proceeds will go to pay expenses. The local committee consists of Prof. George A. Alden. Prof. W. C. Jones, Prof. R. M. Gatke and Prof. S. B. Laughlln. If votes taken by these professors In their classes mean anything about 400 coins can be sold without effort. The $120 marker Is a granire slab standing probably three or four feet high. It wil have a bronze plate set near the top and on the marker will be engraved the reason for the historical significance of the spot where the marker is placed, and also will be engraved Inat it was given by Willamette university. - By act of the sixty-ninth congress a special series of half dollars known as the Oregon Trail Mem orial was struck off at the Phila delphia mint. Demand for this money was not great enough to sell the entire aeries so the Oregon Trail association has taken over the re mainder and Is laying before col leges and universities' In preference to other organizations a plan where by all the half dollars may be sold. Where Willamette's marker will be placed la not decided. Prof. Alden would like to have It placed near The Dalles as that was the real end of the trail. There will be 500 of these markers placed along the Oregon trail and its allied branches. BROTHERHOOD WILL EXPAND Turner The Methodist Men's Brotherhood met In the church following a dinner served at 7:30 o'clock by the Ladies' Aid society. This was the November meeting and many discussions on business of the brotherhood and other top ics of Interest were reviewed. H. S. Bond, chaplain, and John R. Cox were appointed to arrange for an oratorical contest on "World Peace." to be held in January some time If feasible. Another commit tee composed of J. E. Whitehead, Jr.. C. H. Jessee, J. L. Webb, A. L. Bones. Ivan Hartley and D. B. Parkes. was appointed to make final ar rangements for a "Father and Son banquet" in the near future. Work i and plans were outlined for the j coming year, als odlscussing the building up of the Brotherhood . membership, and the church mem- j bershlp. I Rev. M. A. Groves, pastor of the Ford Memorial church of West Sa- j lem, has extended an invitation to i the brotherhood to meet Monday j night with the West Salem men for the purpose of organizing a brotherhood there. Hound filma are to be made In Prague, Ciechoslovaliia. NON IRRIGATED PRODUCTS WILL BE EXHIBITED SUverton The Homseekers Agen cy sent to tlie state chamber of commerce In Portland, Saturday morning, an Immense box of Silver ton and vicinity non-Irrigated farm products from where they will be sent to the Oregon information and tourist bureau In Los Angeles which is being maintained by the state chamber of commerce. This display will be given a six- foot space In the main window of the Los Angeles section, with a large banner over the display made by Knute Digerness of Silver tan with the words "From SUverton, Oregon" in large letters. In the center of the display will be placed a framed ar ticle with the words "At SUverton, Oregon, nearly all kinds of crops are produced In abundance without irrigation. Crops have never failed. These are a few samples from SU verton furnished by the Home Seek ers' Agency." Among the articles to be displayed are wheat 0 feet long, producing 50 bushels to the acre from the Ed Hamre farm; wheat 5 feet long, pro ducing 50 bushels to the acre, from Klein Bros, farm; oats, more than 6 feet long, producing 15 bushels to the acre, from the Noah Hunt farm; Sudan grass, 7 feet tall from the Charles Rogers place; hay, 5 differ ent kinds from the J. D. Drake ranch; pear, weighing 2 pounds. measuring 16 inches by 181 Inches from the Noah Hunt farm; mangle beet, measuring 18x21 inches, from the Alfred Jenson farm; flax, 4 feet long, from the John Moe farm. Quinea bean, 6 feet long from tlie L, N. Coon place; filberts and jumbo walnuts from the Ames nut ranch mammoth walnuts from the George Lima ranch; corn, from tlie C. J. Dahl and the W. H. Vearriar farms; potatoes, several kinds from projects or bmitn-Hughos future Farmer students, and beets from the Future Farmer students. WHEAT BEING FED TO STOCK Chicago (A1) Far mconsumptlon. in the opinion of C. E. Huff, presi dent of the Farmers' National Grain corporation, is likely to prove me great surplus "more apparent than real." Preliminary surveys by the cor poration. Huff said. Indicated job bers' and bakers supplies were considerably below normal and the average rural home consumers flour supply was actually on a hand-to-mouth basis Instead of equal to the usual season's require ments. Use of wheat for livestock feed ing. Huff said, was on a much more broad scale than had previously been considered likely and was con stantly increasing. we are convinced. Huff added, "if the daily clearances of wheat lor export were equal to the amount Is being fed livestock there would soon be genuine alarm about out total supplies." He said while feeding was not as evident as ex porting. It reduced the supply In the same degree. Another observation disclosed by the survey, Huff said, was a small er percentage of the wheat crop had gone to market than was nor mal for this time of year. FOUR TABLES CARD . PARTY IS ENJOYED Mt. Angel Mrs. Fred J. Schwab was a bridge hostess Thursday af ternoon when she entertained friends at four tables of bridge in her home west of town. Mrs. C, H. Terhaar was awarded the high score prize and Mrs. J. T. Bauman receiv ed the second prize. The guests were the hostess, Mrs. Fred J. Schwab; Mrs. R. L. Apple by, Mrs. G. D. Ebner, Mrs. Henry Saalfeld, Mrs. J. A. Kaiser, Mrs. Jack Bauman, Mrs. Frank Aman, Mrs. A. A. KUnger, Mrs. Albln But sen. Mrs. C. H. Terhaar, Mrs. Harry B. Graig. Mrs. William Kloft. Miss Irene Butsch, Mrs. Paul Schwab. Mrs. Ben Traviss, Mrs. Leo Barr and Mrs. Robert Zollner. SPI D YIELD GOOD Auburn More than 95 bushels of extra large potatoes of the Ameri can Wonder variety, were gathered from about halt an acre on the G. M. Whipple ranch this week. The potatoes were planted June 18. Many of them measure ed eight Inches In leneth. Mutual Savings & Loan Association A Salem Institution Organized in 1910 Place Your Savings with Us Let ua finance your home on weekly or monthly payments 142 SOUTH LIBERTY STREET DEALERS WINK AT QUOTATIONS IN DAIRY LIST Portland (IP Butter market con tinues to reflect more or less weak ness although on the proiuce ex change prices on cubes were nom inally held without change. Refusal of the powers that con trol the produce exchange to fol low the market has caused much late criticism of that organization On the open market salea of cubes are being made below the price basis established on the exchange and some of the organization's members are reported as secret sel lers at the changed figures. There Is an unusually light call for celery in carlots but next week some eastern business is expected During the last few days sales have been made up to $1.75 for loose pack although some business was shown $1.50. Excellent foreign as well as do- mestice movement of apples con tinues with the Winesap deal about out of the way. Local market Is a trifle d ill because of the Increased offerings of Jumble pack. Efolrts of Yakima to stimulate demand for potatoes have practically failed. Only a very nominal de mand is showing there with prac- ically no improvement in the price. Market for eggs continued the weekend without change both on the open market and on the van ous exchanges. Undertone of the market remains less favorable than the surface. Further loss in the price of chick ens is generally forecast by buyers as a result of the recent cutting oi turkey bids. However, at the week end there was no additional change. Some Improvement In the demand for country killed hogs is noted In the lost few days. Veal are about steady while sheep and lambs con tinue late activity, but at low prices. ANNOUNCE PROGRAM FOR ARMISTICE DAY (Continued from page 1) will be the sounding of the fire si ren at the city hall. The whistles will sound for a full minute, during which time the celebration audi ence will stand with bowed heads. In the reviewing stand to be passed by the parade will be Gov ernor Norblad, Mayor Livesley and the commanders of all veterans' organizations in the city. All stores in the city will be closed during the day. The chief of staff for the day will be Lieutenant Colonel Thomas E. RUea. The order of march for the six-section parade Is announced as follows: First section: Form on Commer cial street facing south with head of column resting on Chemeketa street. a. Grand marshal and staff b. Colors c. 218th field artillery band d. Reviewing party in automo biles Second section: Major Edward B. Hamilton, O. N. G., commanding. Form on Commercial street imme diately in rear of first section. a. Company B, 162nd infantry b. Massed colors of Oregon's war time regiments e. Headquarters battery, 249th coast artillery c. Medici detachment, 249th toast artillery. 3rd section: Captain Willis E. Vincent, O. N. G., commanding: Form on Commercial Street imme diately in rear of second section. a. American Legion Drum corps. b. American Legion. c. Veterans of Foreign Wars. d. Spanish-American War Vet erans. e. American Legion Auxiliary. f. Veterans of Foreign Wars Aux iliary. g. Spanish -American War Vet erans Auxiliary. h. Sons of Veterans. 1. Sons of Veterans Auxiliary. J. Daughters of Veterans. k. Other veterans organizations. 4th section: Captain Benjamin F Pound, O. N. G., commanding: Form on Commercial Street imme diately in rear of third section. a. Disabled War Veterans in au tomobiles. b. Gold Star and War Mothers in automobUes. c. Members of the G. A. R. Jn automobiles. d. Ladies of the G. A. R. in au tomfbles. e. Womans Relief Corps In auto mobiles. 5th section: Miller Hayden, com manding: Form on Marion Street facink west, he&d of column rest ing on Commercial Street. a. Salvation Army band. b. Ulatoon of Boy Scouts. c. All civic and fraternal organi zations. 6th section: Mose Palmateer com manding: Form on Marion Street facing east, head of column resting on Commercial street. All patriotic, civic, fraternal and industrial floats. The time of assembly for the pa rade will be 9:45 o'clock and the place Marion Square. The parade will move pmmptlv at 10:1!V regard less of weather conditions. The line of march will be south on Commercial street to State, east aa State to Church, north on Church to Court, west on Court to High, and south on High to the place of diibandment. The parade will dis band when the head of the column marching south on High street passes Uie statue on the court tutus grounds. Troops will take up a mass formation on the court nous grounds immediately south of the statue and will face north. The 218th field artillery band will form on the right flank of the troops and will be faced to the north. The American Legion drum corps will form In single rank on the court house grounds immediately north of the statue and facing south. The fourth section will turn out from the parade and enter the court house grounds when opposite the automobile entrance to the court house grounds from Court st net. Representatives of all pa triotic, civic and fraternal organi zations carrying wreatlis will form Immediately west of the statue and will face east. All other marching participants will assemble around the statue and court house steps as convenient. The sixth section will continue west on Court street until the rear of the column has cleared High street when it will disband. The reviewing stand will be lo cated on the north side of State street midway between High and Church streets. All participants are urged to re main on the court house grounds until after the conclusion of the ceremonies. At the monument at 11 o'clock the Star Spangled Banner will be play ed by tlie Salem band while the flag Is being raised from half to full staff. Tups will be sounded by the American Legion drum corps and a volley in honor of the dead will be fired by a squad from B company. Organizations that desire will place wreatlis at the monument. The address of the day will be de livered by Major General George A. White, commander of the Oregon national guard and other national guard organizations In the north west states. Through its Armistice Day cele bration. Capital Post No. 9 finances Its activities throughout the year and makes no "drive" for funds. Because of this. Max Page, com mander, and L. P. Campbell, gener al chairman of the observance, urges that American Legion tickets be purchased for all Monday night and Tuesday attractions as the theaters and the football games are operated on a percentage basis and all tickets are good for face value at all at tractions. For the first time in it3nltory, Capital Post is opening the celebra tion Monday night with a variety of features at the armory which has been designated as "Behind the Front." Here will be attractions, booths and free dancing bvlh Mon day night and Tuesday. Both floors of the Crystal Gardens have been leased for the annual American Le gion dance with both old and mod ern dancing to be offered. A feature of the celebration will be the ofll cial signal corns pictures of the world war offered at the Capitol theater with Corporal Robert Inglc- ston, waretime photographer who took many of them himself, appear ing in person and explaining the film. The main event of the afternoon will be the double-header football game featuring the annual Salem- Eugene high school clash and the WUlamette-LinficId game. The high school, American Legion and Wil lamette university are sharing in the gate receipts and two of the American Legion tickets wiU be nec essary for a single admission. IMPROVEMENTS MADE IN SERVICE STATION Independence Extensive improve ments are being made on the build ings and grounds of the Oregon Gasoline Station, Inc., at the corner of Second and Monmouth streets. The property Is owned by the Stand ard Oil company, which has a crew of men under the direction of En gineer Charles Grout of Portland, doing the work. Gerald Kelley la local manager. The grounds have been somewhat enlarged, and will be enclosed with picket fence, also a hoist and grease rack will be added. New lighting system wiU be Installed throughout the grounds and build ings. Rest rooms will be added and the station modern in every way. CLASS GIFTS VARIED CorvaHls, Or. (IP) Prom atone seats to grand pianos and flag poles have varied the gifts of irraduaUnc classes from Oregon stale college. This year the graduating class se lected a grand piano for it gift to collegiate posterity. The custom was first established in 1901. Each class also plants a tree. BUTTERMILK FOR FEEDING PURPOSES Marion Creamery 26 8. Com'l PlMO H DR. CHAN LAM Branch Ufrice Chinese Medlrlnt In Satrtw Scientifically pre pared natural rem. edles for ailments ol ' v i Blood mn. oerreal ' i; kldncTi and nrio- hW - f '; in Dlaulrfttr nat man I iKr nl women. Rm I .' ' dies for rh-umatlmm I iT " - sod bronchitis wltto !.. ..) t-J cbronlo ooutblna. Orciee tionr weekly: TveMar S-t rrn.- Saturday II to T am. M N. Commercial SU Bate a