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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (June 1, 1931)
PAGE EIGHT THE CAPITAL JOURNAL. SALEM. OREGON MONDAY, JUNE 1, 1931 BUTTER STEADY, EGGS WEAKER; MEATS SLOWER Portland (IP) Greatly Increased production of butter during recent weeks In the country generally Is not having any weakening effect upon the trade situation generally. The Increased production in butter throughout the country has been marked for many months but con tinues to reflect this condition de spite weather conditions which would usually cause a great decrease. Trading in the egg market is rela tively weak. The recent advance In the price of extras here appeared more of a forced affair than any actual need of the market. Any Im mediate future advances In that line are expected to be of similar char acter. Over the holiday there was prac tically no changes of note in the market for live chickens. It will take the trade a day or so to find exactly where it stands. Holiday demand, however, was better than expected. Genera slowness is reflected In the market for country killed meats here. No changes of moment are in dicated as usual for tl.-? week's op ening. Some carryovers were report ed. First Telephone peas of the season were reported In by Ralph Mc Laughlin of the Pacific Fruit. The stock was of fairly good quality. General pea market Is about steady. Telephones around 6-7c lb. Price of lemons shows a fairly sharp advance here as a result of rises in California. Hot weather us ually sends lemon prices skyward, although prevailing values are con sidered low considering the season. First of the season's new red on- ! Ions are In from the Stockton dis trict and show good quality with ales around $2 sack. Old Oregons re scarce and firmly priced 1.7f with wax holding rather well around 2 crate. No change of Interest is shown in Uie potato market either for old or new crop. Most mips of California new crop are around 2-2 lb. This applies to both red and white. Old stock moving fairly well but only locally. Lettuce market Is active locally with prices rather firm. New crop beets and carrots arc showing a good movement. Cantaloupes are down about 25c crate again with mixture of quality and price. Small oranges are show ing a further general price loss. Somewhat better quality green beans offering from the south; sales $2.50-$2.79 hamper. California Is quoting Triumph K caches and some are soon expected ere. Watermelons are cleaned up on account of real quality; another car due about Friday. Another carload California apri cots in; sales around $1.35 lug. California eKKplant being offered around 15c lb. SHOWING UP WELL The 250 acres of asparagus being put out here and there over the val ley under contract with Reid, Mur doch company Is coming up in good shape as far as can be told by re ports received by the company from the growers. Local field men have been so tied up with the strawberry situation no recent first hand in spection has bren made by them of the plan tines but they say every re port brought in by growers so far has indicated satisfactory progress. The a.sxtragus was plantfd from tlic seed and will not be transplant ed until next spring, making the first cutting the following spring. The second cuIUiik of rhubarb will come In along about from July 5 to 12 when the run is still on in other berriea and fruits. SakMii Markets Compiled from reports of Sa lem dealers, for the guidance of Capital Journal readers. (Revised dally). III YLilS' IMtUH Wheat, umscirened No 1, white sue; reu sacked 63c bushel. Feed oats 1 ton. milling oats 20; barley 1U 20 ton. Meats: hogs, top frndrs lSG-itki lbs. 11125; 160 2(H) lbs. ti60; 200-250 Ibit. 6 25; 250-300 lbs. 5 50. Sows 5 Cattle: top steers 6-7c; cows 3-6i; culls and cullers 2-3,jc. Sheep, lambs 4".-5': yearling we thers 3K-4c; spring lambs 6(1 '3c; wes 2-2V.C Calves, vealera, top fl-7c; heavy ana (inns dc. Dressed meats: top veal 0 cents; rouuh. heavv 7-Bc and tin. Ton hous. 120-160 lbs. ur pound; other grades Be ui) npniig iiunos Poultry: HkIU liens 10 cents; medl Um 12c lb, henvy hens 15-16c; stags oin roosters iv iu Kkkm, medium 10c; standards 12c; frenh extras 12c dozen, Butteifat 21o; prime butter 25-26o; tube extras 22c; standard cubes 22c Cnofthe, telling pi ice: Mariuu coun ty triplets 14c; loaf lflc. UIIOI.ISAI K I'HH f S Fiesh Ivull: Oranges, navels 5; Valencia 3 25 4 50; lemons 6 60 cite, limes 2 50 carlim; Krapcfruit, Arl. , y.i.u, riurum f.i.W fu; CbI!!. fa. TO. liananas 6c lb. Apples: Wtnesaps. fey, 2 25, C grade 2. Newtowns. fancv $2.25; C grade 2. Blng cherries 20c lb. Tartarian 16c. Strawberries 2 n crate. Cantaloupes, Jumbos 3.60; standards 3.25: ponies 2 75 era.e. Bulk dates B',c lb. Pineapple 13 OT. Fresh vegetables: Tomatoes 3 75; lettuce, local 1; celery 1.75-2 25 a fiw. htmches, 8 crate; cabbage 2';-3c lb.: cauliflower S2 crate; artichokes. 75 1 60 dorm. Mushroom 65c lb. Rhubarb, local 2',c lb. New peas local tSc; Calavas 5 75 for case of 2 to 3 doren. New potatoes. Garnet 3c. whites 2Jic lb. Spinach 1 35 crate. Asparagus. IochI 1 dozen. Peanuts 12c lb Bunched vegrtuhles Dozen bunches Turnips 50c; parsley 60c; carrots 60c; beets 60c; onhms 40e; radishes 40 -75c. Sucked vegetables: Potatoes I $1 75, aeed 2 50 Onions 90c sack set 4c lb. Carrots 3c lb. Beets 2',c. Turnips 3c; parsnips 2VC; garlic 12c Southern yams $3.76. Oreen peppers 40c. Cucumbers, 1 25 1 75 dor. Wax onions 2-2 50. Oreen beans 15c Jb. ntiot., moiiAin Market nominal Wool, coarse 12c, medium 13c. Mohair, kid 18c; long staple 13o lb. Matches shipped from Sweden1 In the last three months of 1930 weigh J 11,666 tons. TODAY'S PORTLAND LIVESTOCK Portland V) Cattle 1530; generally weak. Steer 600-900 lbs. good $723-17.50; medium a.75-7.J5; common 15.75 S6.75; 800-1100 lbs. good $7 25 7.50: medium 6. 60-17.25; common $5.75 $6.50; 1100-1300 lbs. good $6.75-47 20; medium 5 75-16.75. Heifer 550-850 lbs. (rood 6 5o-7: medium $6 00 6 50; common 64.50-15; low cutter-cutter $3.75-$4. Bulla, yearlings excluded, beef $3.75-4; cutter-medium $4.25 $4.78. Venlern, milk fed 7.25-$8; med ium $5.76-$7 25. Calves 250-500 lbs. good -choice $6-$7.50; common-medium $3 606. Hoks 2600: 15-20C lower. Unlit llKht 140-160 lbs. uood-cholct 6 60-10 85; Hifht weight 100-180 lba. gooa-cnoice fl.eu-sens; ibu-zuu ids. good-choice $6 60 6 85; medium wt. 200-220 lba. good-choice $5 85 Bft; 220-260 lba. iiood -choice 5.36-6: heavy welKbt 260-290 lbs. good-choice (4.85-5 B5; 200-235 lbs. good-choice 4.25-6.60; packing bows 275-600 lbs. medium to good $4-6.76. Feeder and Blocker pigs 70-130 lba. good to choice 7.25-$8.CiO. Sheep 3000; ateady with limited trade. Lambs 90 lba. down 6 50-7: medi um 5.26-6.50: all weight, common 4 60-$5.60. Yearling wethers 90-110 lbs. medium-choice S3-S4.50. Ewes 90-100 lbs. 22.t0; 120-160 lbs. 91.60 to w-i-ia; ail we ignis cuii-common ai $1.60. PORTLAND PKOM'CR KXCIIANClR Portland (UP) The following pric es were named to be effective Mon day. Butter quotation for shipment from country creamerlea and VaO lb. la deducted as commission: Butter, cube extras 24c: standard 23c; prime firsts 22c; firsts 21c. Eickb. Pacific Doultry ornducers fell ing prices: fresh extras 16c; standards 15c; mediums 14c. PORTLAND nilOLKSAI.K PKH KS Dutterfat Direct to shlnnerft. track. 16-21c: No. 2 tirade 11-lflc: stations. No. 1. 16 21c; No. 2, 11-lfic; Portland delivery prices: No. I bulterfut 21c; No. J, ice; sweet 24C Milk, buying price: Grade D. il.60- $1.80 a cental, with "surplus fl-ei.OO. Portland delivery and Inspection. Cheese. Belli im Drlce to retailers; Tillamook county triplets. 15c; loaf ioc id i.o.d. juiamooK; seuing prices Portland retallem: Triolets 17c: lonr itjc id. Live poultry, net ' buying prices: heavy hens, colored 4 '4 lbn. up 18c lb: 3'4-4 lbs. 14-15c; under 3 lbs. 12-13c; broilers. 18c; old roosters 7c; Ducks, old Pi-kins 20-22c; spruiK ducks 30-32c. Geese 13c. Turkeys 20-22C Dressed poultry, selling price to re tailers: Turkrvs. Door-irood 25-3'Ic: Ducks 25c; Geese 18c; Capons 22-35c lb. ntriT. vm;i:tiu i-s Fresh fruit : OrariKts, packed, Va lencia $3-14.60. Grapefruit, Florida. 4.60-5.25; Calif. 3.50-(4; Limes 6 doz. carton 2.50; Bannnas 6n lb Strawberries, Oregon Marshall 91.25 1.75; Clark Seedling $3 crate. Lemons. Calif. C5.50-(6 case. Cabbage, local, new 60-75c '4 crate. Potatoes, Oregon Deschutes 1 40 $1.60; bakers' $2: local 75c-l: Yaki ma 85C-C1.26. New potatoes, Califor nia Gurnets 2i-2c; white 2-2'c. Onions. seluiiK Drlce to re ih Hera OreKon HO-OOc cwt.; Calif, new crop uermuoan tjz.ou. Seed potatoes, local IK-ic lb. Rhubarb, local bulk 2-2 'c lb. Artichokes 60 -60c d 0711. Spinach, local (1.25 orange box. Celery, Calif. 02 25 per dozen. Mushrooms, hothouse 35-40c lb, Bel) peppers, green 40c lb. Sweet potatoes, eastern 3.75 ham per. Cauliflower, northwest Sl.76-tl.U5 crute. Beims, Calif. 2 60-2.75 ham per. He lb. Pens, Oregon 6-7c lb. Tomatoes, Calif. 3-t3.60 lug re packed; Texas 3-(3.25; hothouse iu ic, iu. Lettuce, local 85r-l crate. Afipnr akus, northwest 76-uSc dozen bunches. CIH'NTHY MKATS Country meats: Selltmt nrlce to re tailers: country killed noun, bent but chers under 100 lbs. 10-1 Ic; vealers 70-80 lba. 104-Ilc; yearling Ininbs 8-10c; sprlnn lambs 14-lAc; heavy ewes i-oc; winner cows o-or; dujjb o-U. M TN, HOPS, UOOL Nuts: Ore. walnuts l8-2fic; peanuts 12c: Brazils lH-aOc: almondH 14-iauc: filherte 20-320; pecntiB 20c lb. Hops, nominal, 11)20 crop 10-llc; 1030, 16-17C. Wool. 1U31 crop nominal. Willam ette valley 12-13c; eastern Oregon, ix-ioc ID. PORTLAND LASTSlllK MAItKI T The exuected slumu In strawberries Monday on the caMMde farmers' mar ket came as scheduled although the downturn of values was scarcely as much as expected. One Gresham grow er who took time to grow very good strawberries sold his supplies at (1 crate, "because he did not have time to bother with the marketing." uenerai siruwoerry market snowed ramre of tl-Sl .65 rrate with iiumi sales t 25 1.40 crate for fancv Muff Gold Dollars sold at the low point and up io ti.va; wun uie excvpiion oi the Ciresham lot, the low w only for Dollars. The former consisted of Ore- guns. Kiu.nbcrrles were In rather liberal supply and sold slowly 7 50 crate ttooseoerriea were 6c lb. generally, lettuce moved freelv it 75c nml tin to H5c crate. Extra fancy hothouse to matoes were ta 50 crate. The Dalles turnips sold 60-fl5e dozen bunehe. (.arrots and beets were moot v 40e. Cherries from Clackamaft were of fered by John Gray. They were of small sire but very sweet. Potatoes moved slowly at former prices. CnbbaK was dull, mostly 40c crafe Peos were 4,-5e lb. tleneral prices ruled : Carrota, new 4(ic; old 20c doren Duncnett; iukb 4u-mk. rumlps, new crop on Dae noz. Duncnes. Spinach, fancy t0c-i.is orange box Beets, old crop 20c doz. bunches; luiis 40-60c: new cron 40i' flufti Potatoes, local, lnige good 75c sack; limit ii r iuur OU DIK . Cabbage, new crop 40c crate. Radishes, new crop 20c doz. bunch es. Appples. Newtowns. extra fancy 1 76 2, fancv 1 50-1.76; Delicious, extra fancy 2.50; fancy 2 25; poor tjiimiLy vi dux. AsparaKua, long green, local 60-70C aoen ouncnes; cuiumula river. 70-H0. Strawberries. Gold Dollar Sl-ftl 26 craie; Oregon ei-ei oo. peas, local green 4lv6C.. BAN ritANClSCO appi.i: Ban Francisco Ml (Frd.-state-mkt. news service). Apples, Calif. Nrwtowns loone 66c-i per box. Packed fancy fi.iwF-i.(w, niiinii tower, Oregon Newtowns xf large 2-2 38; fey ai.7S-tl.65; C grade 1 25 1.50. Wnshlnaton Home Benut vs. funcv fi.oo-vj; mnesaps xr uj, 10-94:40: icy, tl.0O-2. POUTIAMJ HAY MAKhKT Portland W Hay: Buvitur nrlce for producer: Alfalfa 14 15; clover 10- 9id; (jais ana vetcn fio-fii ton. MV FRANCISCO 1AIKV San PraucUco HtP Wlinlenale dairy markeu: Btitter, 2 score 25c; 01 score 24c; 00 score 23c. p;ggs. extra large I9c; medium 16, c; untall HUc. Cheese, triplets, flats 12c. !RIKI I'HI IT; IIOP New York Kvauorated annles steady, choice Bi-10; fancy ll'fli. rninm siennv. lain. 3',-lu.: lire Ton O'.-B. Aprlcota steady, standard 1, choice 14-14S: extra choice 16. Peaches Bteattv standard Hi. - rhnti. 9; exta choice 9. Katslns stemiy. loose Muscatels 4 7; choice to fancy seeded 6-81,; seed less 6l. Horn steadv. state 1010 QO-rUe- 100 17-lHc; Pacific roast 1W30. 20 -23c: 1B2V 16-18c. PilT!.AM SWiAK. FLO! R Pirilnd ! (jtimar: I'num. vianu- Uted 4 60 cwt ; Beet 4 45, Domestic f our, selllnti nrlrt dllv ered: Patent 4. 95 40 500; bakers' bluetem $4.75-4 90; Montana patent 5 10 5 16; soft wheat flour 4 30 4 90: whole wheat S4 so 14 ?o m- ham 4 30 4 50. - nS FRANCISCO roi I TRY San Francisco itiPi-lMihnm hnt all slree 16c; colorrd hens 6 lb, and over 23 -24c; under 6 lba. 23 24c: leg horn brotlera 12-17 lba. per doren 2tV; 10-23 lbs. per dozen 20c, frcr col- MARKET QUOTATIONS New York Stocks (Closing Quotations) New York (UP) -The market dosed 71 H lower: Air Reduction Alleghany Corp A 11 la -Chalmers Mfg. Co. 20'J American Can Com nan v 63 American Car St Foundry 17 American & Foreign Power..... 22H American Locomotive 14 li 14 Am. Rad. Ac Stand. Sanitary... Am. Rolling Mill ,. Am. Smelt. As Refining ....... American Steel Foundries 12'1 1614 .... 36 :: . 136V, ,. 11 142 'A American Sugar Refining.... American Tel. it Tel American Tobacco B Anaconda Copper Mtn. Co.... Atchison, Topeka Si 8. Fe.... Allan tic Refining Auburn Automobile , Baldwin Locomotive Baltimore Ac Ohio 45 Bendlx Aviation ... U3ethlehem Steel . . . 33', 24',. . 26'j, . 62 74 Brooklyn union ua Byers (A. M.) calumet Ac Arizona . Canada Dry Canadian Paclflo .. Case (J. I.) Co Cerro de Pasco Copper 15 Chesapeake As Ohio 27 Chicago Great Western 4'n Chic. Mil., St. Paul As Pac 3ty Chicago As Northwestern ,. 25 '4 Chrysler Corp 14 Colorado Fuel & Iron 10"B Columbia Gas 32 Columbia Graphophone 7 Commonwealth As Southern 7 Consolidated Gas 83 Continental Can 44 Vi Corn Products 50'i, Curtiss-Wright 2 DuPont de Nemours 72 Electric Power As Light :wvA Erie Railroad 14 Fox Film A 15 General Asphalt H General Electric 36': General Foods 43 3 General Motora 31s: Gillette 2J' Gold Dust 2: Goodrich (B. F.) 8s. Goodyear Tiro As Rubber 31 Houston uu Howe Sound 15 Hudson Motor 11 Hupp Motor Car Corp 5 rulian Kenning Iivsplratlon Cons. Copper 5 International Harvester Internattonal Nickel 10 International Tel. As Tel 22 U Johns-Manvllle 42 Kansas City Southern Kennecott Copper Id Kresse iS. S ) 26 'i Liggett As Myers B 62 Loew's Inc 36 'i Mathleson Alkali U' Mack Trucks 21 Miami Copper 5 Mid-Continont Petroleum 6',i Missouri -Kansas-Texaa 10 '4 Montgomery Ward 16 Noah Motors 22 National Biscuit Co 69 National Caah Register A 1", National Dairy Products 28-j, National Power St Light 20 'i Nevada Cons. Copper 6'i New York Central 73 N. Y N. H. and Hartford 03' , North American 60 Packard Motor ft1' Pacific Gas As Elcctrlo 40 Pan American B Paramonnt-Publlx 21 Pennsylvania Railroad 42 People's Gas 187 V, Phillips Petroleum 6 Pie ico Petroleum . ,H l'-i Public Service of N. J 73 Pure Oil Company Radio Corporation 14 Radlo-Kclth Orphcum A 11 KeynoklB Tobacco B 454 Sears Roebuck 47 'i Shell Union Oil 4 Simmons Company li Sinclair Consolidated 6'4 Southern Pacific flH'i Southern Railway 27'i Standard Gas & Electric 6fl'i Standard Oil of California 33l. Stnndard Oil of New Jersey 32 Standurd Oil of New York 15 Stone & Webster 20 u Studebaker Corp 15' Texas Corp 19 Texas Gulf 34'fc Texas Pac. Land Trust 7S4, Tlniken Roller Bearing 35'i Transcontinental Oil Underwood Elliott Fisher 43 Union Carbide & Carbon 44 's United .lrcraft .' 23 United Corp 18'j, United Gas Improvement 25. United States Rubber 10i United States Steel 831; Utilities Power As Light A 21 Vanadium 24 Warner Bros. Pictures 61,, Wt-stern Union 08'-t Westlnghouse Airbrake Westlntihouse Electric . Willys-Overland Woolworth i" W.) .... WortlilnatCrt Pumn , 23 , 63' Yellow Truck As Coach SKI,rCTW CI'RR STOCKS American Light As Trncl'gn. American Superpower Associated Una A BraUlan Traction L. As P... Cities Service Cord Corp 36 . 8 10, 71 Crocker-Wheeler 8; r.ifuric tonn c onare ... Ford Motor Ltd Fnx Theaters A Goldman Sachs Trading .. Gulf Oil of Pa Humble OH Indian Ter. Ilium OH B Newmont Mining Niagara Hudson Power ... Ohio Oil Pennroad Sheaf fer Pen Standard Oil of Indiana .. United Gas Corporation.. United Light Aj Power A.. Utilities Power As Light .. 38', 60', .... 35; ored up to 9 lbs. 30-32e; Leghorn fryers 2-21', lbs. 22c; old colored rota tes 14c; old Leghorn roosters 10c: stag nominal; colored roantera over 3S lbs- 34-35c; 3-3'i lbs. .H6c; Tur keya nominal: squab 20-24c per lb. HAN FRANCISCO HITTHM'AT Han Francisco Uutterlat f.o.b. San Francisco 26c. CHK XIill ;kiv Chicago y'i Wheat futures: open high low July 5i, 6h Sept SB- 6 574 Dec l 62 60. close 6RJ4 67 Cash grain: wheat. No. 1 red HI; No, 1 hard 814: No. 1 northern spring Bl- Corn. No 1 mixed 65-55',: No. 1 white 57S-4; No. 1 yellow 55S--V Oats, No. 2 white 27U; No, 3 while ite1-. Barley 37-57. Timothy seed 98 25 to 9B 75. Clover seed I0 50 17.50. Lard 97.37; ribs, bellies 97.76. BOSTON WOOI, Boston Fair ouiiimtle of new Ms and finer western wools are mov ing in original oags at steady prices as compared with last meck's too makers and a few manufacturers are the principal buyers. There Is little t rad I ntf on 56s and 48- 60s quality wools, although some inquiry for hee srades are beiuti received. Re ceipts of domestic wool for week end ing May 30. amounted to l HH7.7O0 lbs. a compared with 3.44 1 .300 lbs, a weeV ago. PORTLAND II FAT Portland v Wheat futures- Julv. open, high 65' j; low. close 65; Sept.. open, high 55',; low. clooe 66. Cash wheat: Big Bend Bluestem 70; sift white, western white 70; hard winter, northern spring, western : ed B7. Oats, No. 3 38 lb white 921. Monday's car rereint ihnt 949 barley 6, flou. 10, corn A, oata 3. i nay . a TIMM-lM O I.IVrTOCK Ban Francisco (CP) Hon 400. iteadr. Short load 200 lba. California 7. too: bulk 160-185 lb California 60-iM): pkg. 2o-lb. sows 94 M. Caul 276, larel atms, Opculnf steadv to 25c higher. Two cars DBS- 1000 lb. Calif, steers 90.75; load good so; two ioaus meaium va 1050 lb. California 6.35: 785-lb. hei fers 4: load lots she stock absent Calves 60. about steady. Early pkg. 201 lbs. 8.60. Sheep 3400. uneven early. Two decks cnoice 00-00 id. norm coast lamos fu; looks 25-50C h la her. Good 80-lba a7 SO Around 10 decks medium-culls shorn lamos aispiayeu; deck good 115-lb. I lVl KI'OOL WHEAT Liverpool iUP) Wheat range, July uiUi tHKll IOW, cio&e 01 O-O. VJCi. upru. jugn oj o-o; jow. Close as ; Dec. open, high fiSJfr; low, close 64a SAV FRANCISCO STOCKS San FrniM""o tlTPl Poiiowtno- weak ouenlnc. orlces shaded off in early trading on the stock exchange iiji-nuuu, on sv Turn over of 2600 shares, was off to 7!3 WINNIPEG WHKAT WlnniDeit Wheat Inat- .T11 5'i; Oct. 60: Dec. 62. Cash. No. hard 5C; No. I northern 68; No. 3 uuiuiciii 00 y3, no. o norvnern ou;j. CHICAGO LIVESTOCK ChlCHlfO JP) (TT S n A 1 fTnrr. AC AM bulk 150-220 lbs. i6.10-s6.25; 230-300 iuw. eo.(u-sD.iu; aiu-ado lbs. 95.60 95.65; pigs 5.7S-6.15. Cattle 13.000- chIvpm 9nnn Rim.ohta- steers C00-1100 lbs. 6.50-97l76: vealera 97.50-98- Sheep 18.000; desirable native lambo 99-910.25; bucks 98-S9.25: medium tn suuu yeariuiKB e.ou-so; iambs, good- cnoice y-910.50; medium 98-59; all weliihts. common SH-SR- nii uo-iro um, ii.cuium-cnoice f i.7o-3. (noie 10 eu tors Etrect v .Tim 1 new crop lambs claHslfled as lambs, yearlings or lambs at nr rlnafiv n. proachlng the yearling age, classified ua ycariings in oavoe quotations. U. sy. win. igr.r. EFFORTS TO FIX WHEAT PRICES COMES TO END Washington (P The responsibil ity for maintaining domestic wheat prices Monday rested on the Ameri can farmer after more than a year 01 government stabilization. The farm board's authorization for the purchase of surplus stock to DOister prices ended with the ful fillment of May contracts and gave iuu piay io tne operation of the law 01 supply and demand. The grain stabilization corporation first entered the market in Feb ruary, 1930. Using money from the board's $500,000,000 revolving fund and advances from private banks, it maintained a minimum price of 81 cents. The average price has ranged from 20 to 35 cents above world levels. Speculation was renewed Monday as to the final deposition of the huge stock of wheat, which will total upwards of 200.000.000 bushels. The only answer t the board was the reiterated statement that the surplus will be disposed of in a man ner not to affect the domestic or world markets. The board has authorized the sale of 35,000.000 bushels abroad. Ap proximately 25,000,000 have been sold. Chairman Stone said no de cision had been made to sell more than this in event a good foreign demand continues.. It was believed, however, the board would take ad vantage of every opportunity to dis pose of portions of its holdings on which it must pay heavy storage charges. Eexart figures on the loss to the board through stabilization opera tions were not available. It will depend on the price received when the wheat finally Is sold. Besides this, however, it has been estimated that the monthly carrying charges will total $4,000,000. The board contends that any loss es will be far outweighed bv the benefits to agriculture and business generally by the price stabilization when serious declines occurred in commodity prices at a time when many banks were in danger through loans on wheat. WHEAT PURCHASE MADE BY BOARD Minneapolis, Minn. IIP) A lost big purchase of whrnt 14.000.000 bush els was made Monday by the Farm- erv National Grain corporation, acting for the farm board. The $10. 000,000 transaction will be the last by the United States government In Its efforts to peg wheat prices. During the month, the govern ment agency will acquire 6.000,000 more bushels or a total of 20.000.000 bushels during the month to com plete Its promises of pegging prices of the 1930 wheat crop. By the end of the month, the grain stabilization activities of the United States government will end. Rcprcscntathes of Uie farm board have maintained that the pegged prices prevented the collapse of American wheat markets as other world exchanges have experienced. FIRE DESTROYS JTATE BARNS (Continued from page 1 Two tile silos were considerably damaged from the heat. Loss of life was narrowly averted when one of the hospital patients nwhed Into one of the burning buildings. He was rescued by at tendants after his clothing had caught fire. Oier 100 head of cattle had been released from the dairy barn not long belore the fire was discovered. Aside from the buildings the loss was mainly In hay, feed and dairy equipment mat was stored In the buildings. More than 100 tons of hay were destroyed. The state does not carry Insur ance on Its buildings, but maintains a restoration fund lor the purpose of replacing burned buildings. It Is believed the turn! Is ample to re place the two buildings, and the matter will go belore the state board of control at once. The fire was a spectacular one. It Is estimated that over 1000 aulo nobilra drove to the scene and park, ed as near as traffic offices would i allow. STOCK VALUES LOSE MILLIONS IN DAY'S TRADE New York (LP Millions of dol lars were whittled from market val ua lions Monday on the stock ex change with prices making the wid est losses of any sesbion this year. The railroad average broke to the lowest levels since June, 1921, and the Industrial average to new low since May, 1025. Trading picked up in volume on the decline and was the most ac tive since the last week In April. According to preliminary calcula tions the Dow-Jones Sz Co., Indus trial average declined 3.77 points to 124.69; rail average declined 4.12 points to 67.94. Sales totalled 5,100,000 shares, compared with 2,100,000 shares last Friday, The market opened lower and continued to decline without inter ruption. Toward the close, new lows for the day were being made. Railroad shares were the first to go by theb oard. Holders offered them for what they would bring. Prices In this group 'jroke 1 to more than 15 points. hTe finest stocks made the widest declines, in. eluding Atchison, New York Cen tral, Norfolk an dWestern, Union Pacific and Baltimore and Ohio. The Van Swerlngen group was again hard hit, several issues mak ing new record lows. Selling spread from the rails to the industrials where U. S. Steel made a new low since 1923 and new lows for the bear market were made by such issues as American Can, General Motors, General Elec tric, DuPont, Bethlehem Steel, Na tional Biscuit, National Dairy Pro ducts, Borden, and Beatrice Cream ery. Oils, Steels, Motors, Foods and special issues were all swept down ward. Amusements joined the de cline with Radio-Keith dropping to a new low. Utilities were featured by heavy selling In American Tele phone, stone and Webster and Con solidated Gas. Auburn Automobile, Peoples Gas. Detroit Edison, Norfolk and West ern and Atchison lst 10 to 15 points each. Copper shares joined the decline after Utah reduced its dividend from $8 to $6 annually and Kenne cott cut from 92 to $1. Heavy selling In General Motors was a late feature of weakness. Selling represented liquidation rather than short operations. The stock exchange Is still following through its Investigation of short interest to determine if raiding tac tics are beng employed. Cotton futures declined to new lows since 1915 and grains broke in all divisions. Call money held at lfa per cent. NEPTUNE HOLDS FATE OF VESSEL Los Angeles, fP) The fate of the Harvard, coastwise passenger ship which went aground early Satur day at Point Arguelio, north of here, Monday was in the hands of Father Neptune. while her 497 passengers, excur sionists from San Francisco, holi day bent, told of their exciting ex perience of being set afloat in life boats and later picked up and brought here by the navy's newest lighting ship, the U. 8. S. Louis ville, the Harvard rolled in waters which may become her grave. condition or Harvard is ser ious," radioed R. S. Gardner, sal vage expert, who Is at the scene aboard the tug Peacock. "Will not stand any bad weather. installation oi pumps was De- gun. If they are able to clear the holds sufficiently of water, the gashes torn In the ship's hull by the hidden reef will be plugged, if they are not too large. Tills done. an attempt will be made to ton her from the reef. All holds appear to be punc tured except holds aft of the colli sion bulkhead," Gardner ftUded. There is five feet of water over the main deck aft and flooded one foot forward at high water. Now boating dry cargo. First or the inquiries to deter mine the cause of the disaster was to be called Monday by federal of ficials. Beyond the existence of a dense fog." said Ralph J. Chandler, vice president of the Los Angeles Steamship company, operating the Harvard, "no cause can be as cribed ior the present grounding." TWO IN HOSPITAL AFTM ACCIDENT Miss Eva Gateson, 21, received a fractured skull and cuts and bruis es and her mother, Mrs. Hugh Mor rison, broken ribs, cuts and bruises, when the automobile driven by the injured girl skidded on the Pacific highway five miles north of S,lem about 2 o'clock Saturday afternoon and landed In a drainage ditch. Hugh Morrison and another daugn ter were shaken up and received slight cuts. The Morrisons, who live in Aber deen, Wash., were on their way to visit friends here when Mfss Gate son attempted to pass an automo bile driven by J. G. Fontaine, of Jefferson, Fontaine failed to notice the machine coming from the rear and In turn attempted to pass the automobile ahead of him. Mi as Gateson wait forced to jam her brakes and then lost control of the heavy sedan, which came to a atop headed in the opposite direction Policeman Killed By 15-Year-Old Boy Chicago. (IP) A murder charge. carrying the death penalty, loom ed Monday over 15-year-old Var ner Corry as he ild a coroner s 1 jury oi the ahooung oi Policeman Edward Smith Saturday at a high school swimming pool. Corry, with his brother Earl, 13, and Schuyler Pearson, 15, broke into the school for a iwim and were ordered out by Smith. Re enacting the scene for police offi cers Sunday, the youth said he drew a .22 calibre revolver from his clothes and shot the policeman when the latter disregarded a command to raise his hands. He was cool and even boastful as he related the story, apparent ly unmindful of the consequences of his act. The youth's mother is Mrs. Ade line Jones Corry. an art teacher in the public schools for 20 years. Var ner Is a member of the Y. M. C. A and the Boy Scouts, his mother said, and had always "been a good boy." Smith is survived by a widow and a three year old daughter. WHEAT VALUES IN SHARP DROP IN CHICAGO PIT Chicago (LP) September and De cember wheat sold at new lows on the crop just before the close on the board of trade Monday after a ses sion of scattered but persistent sell ing on the weakness In securities. Prices declined steadily from the start, totally Ignoring dry reports from the northwest, particularly Canada. Winter wheat prospects continue line and with a decline In Winnipeg and Liverpool on Sat urday, the market had a weak un dertone, corn sold off with wheat. resisting stubbornly from time to time but setting new iows for De cember. Oats weakened with the major grains with December at new low. A 2,106,000 bushel Increase In the visible supply of wheat was the final depressing factor. At the close wheat was l'i to Vi cents lower, corn was Ts to IS cents lower and oats were U to lk cent lower. Provisions were sharply higher. Chicago fJP) With Canadian re ports at hand telling of considerable moisture relief in drought districts of Canada, grain prices Monday un derwent an early downturn. Advices indicated, however, that there were large areas in which the Canadian crop prospect was little short of a failure. Opening 5-8 to 1 cent lower wheat afterward sagged further. Com started at hi to 5-8 cent de cline and subsequently held near to the initial range. LIGHT VOLUME OF ETTERBERGS First of the Etterberg canning strawberries began making their ap pearance at the canneries Monday and it is expected by Wednesday de liveries will be coming In on a good scale. The Ktterhtrgs are showing traces of sun scald in some In stances, the same as the Marshalls and are surrounded by conditions which are rapidly making a short crop for the Marshalls and It ap pears as though the same thing may happen to the canning berries un less there Is a reversal In weather conditions. Even a cool streak of weather would help but continued hot weather is apt to hold back the little berries which make up such a share of the Etterberg picking and hold down the volume. Quite a bit of Etterberg acreage has not yet been contracted for and this additional acreage may help to hold up the volume if the acreage con tracted for fails to deliver the goods. Marshalls continue to come in In good shape but it Is felt that three or four more pickings may wind up the crop if hot weather keeps up. The Lacombe section is expected to reach its peak about Tuesday. Tne crop there isn t extra heavy but the ground Is said to be holding its moisture In good shape and there Is not quite so much sun scalding there as in other valley sections because of the general loca tion of the patches. GRAIN CONTRACT CHANGES HANDS Minneapolis OPi Agreements call ed for consummation Monday of another grain deal involving mil lions of dollars, the second in a month. The Farmers National Grain cor poration, acting for the grain stab ilization corporation, arranged to pay $10,000,000 for 14,000.000 bush els of bread and Durum wheat. A month ago the same corporation paid $18,000,000 for 23,000.000 bush els. The settlement Monday, the sec ond largest single daily transaction in the history of Minnesota, repre sented the taking up of contracts made by the stabilization corpora tion with grain brokers and ter minal elevators prior to June 1. The agreements stipulated the corporation would pay a minimum j price for grain contracted for fu j ture delivery, in this case, June 1 a I a means of stabilizing prices. This transaction, and others ex-1 pected to be completed through the month of June, win wind up the stabilization of pegaed price ac tivities of the government sponsored farm board, at leaxt for the present. Bolivia mill hold Its presidential ! election early In January. DR. CHAN LAM Chinese Medicine Co. UstufM remedies for ailments ot torn neb. blood, liver. f Lv , ' elands, nerves and urinary system Alw 1 Kiiiiicn.a it, n u MtJpT" ; colitis, constipation,' ifcir i rheumatism, bron J4 $ cnitu and gallstones mrte hoar TntlaT and 9t unU t:00 ( :30 p. M. IM IS. Coal su Room 23. Salem CANNERIES TO BE FLOODED AS Loganberries, cherries and rasp berries all will come Into the can ning season together this year from the present outlook and it is ex pected packers will be up to their necks in the pack this year when the avalanche strikes. Royal Annes are now turning a bit pink here and there, and predictions are that these packs will start up along about June 20. While loganberries are virtually all under contract and the same Is true of lAspberriee, what will happen to the cherries remains a sticking point and reports continue to come in of plans for cooperative barreling of cherries to save the crop. These reports are not only covering a share of the local crop but a similar re port has been received here from The Dalles where it is 6a Id growers are having as big a worry as they are here over whut will be the dis position of the crop this year. No cherries have been bought as yet as far as known. Local canners say that the price quoted out on Royal Annes In the now well dis cussed opening list from Bert Maling would figure out at about a 3-cent figure to the grower, based on cus tomary cost figures and us far as they know here he hasn't bought any clienic; ak.d if he has It is not known to canners locally. There have been reports of pos sibility of mararhino processors showing a little interest but a fin ger can't yet be placed on a con firmation of these reports. Continued Inquiry fails to reveal any answer that would show that a Royal Anne cherry has so far been bought. Portland W) Practical failure of the early pea crop of the Portland immediate district with little likeli hood of even a moderate production of later planting, is indicated by Pete Binn of the Oregon Gardeners' as sociation, to the Journal Monday. Mr. Binn has been making a sur vey of the situation and clearly showed his disappointment at the findings. "There is a near failure of the entire pea crop of this section," he says. "This applies to both early and late plantings. It is quite pos sible that some slight improvement In the late planting will be shown providing there Is a good rainfall early. The present situation does not look good. "We had planned an extensive sale art distribution of Oregon peas out of the Portland district this season. In fact everything was lined up for a big movement to the midwest and east all except the peas. There was a very liberal planting In the district but the dust storm practically ruined the early seeding while the extreme dry weather practically put an end to the hopes for moderate produc tion of the later planting." There is a fair crop of peas in The Dalles territory but the quality is just fair. For that reason prices are very low and shippers are not an xious to do business. EINZIG SUCCESSOR TO CARLE ABRAMS (Continued from page 1) absent from the city. The resolu tion accepting Abrams resignation and authorizing the employment of I Eiiurtg was presented by Holman. ; The resignation accepted only ! the resignation of Abrams and pending the actual reorganization. Elnzig said, the other employees of tne board will be retained. The re organization, he further stated, would be based upon a thorough survey to be undertaken At once. Specifying Einzig's authority the resolution set forth that he be named secretary with full author ity and power to reorganize the secretarial and purchasing depart ments of the board, and to regu late the public duties of all em ployees of said departments.'1 Einzlg was also Instructed In the resolution to "make a preliminary survey of possible economies which may be Introduced In the adminis tration of the affairs of the board, and that he report his findings and recommendations to the board from time to time as the necessity there- tore Decomes apparent.' By reason of Einzig's recent oper ations as an agent of the governor ! ana tne detailed Inquiry he has made Into the affairs of the various , Institutions coming under the super- : vision of the board, as well as his previous extensive experience as a business executive and organization 1 KC BAKING POWDER It's double acting Use K C (or line lexiura and large volume in your baitings. EARLY OREGON PEAS F$.!L!jEE ounctf expert, his selection to succeed Ab rams had been generally forecast as a logical move to enable Governor Meier to carry on his undefined but promised plans for reorganization of the business methods of the board and of the purchasing agent's of lice along lines of greater efficiency. Elnzig as secretary of the board and by direction of the resolution also becomes purchasing agent for all of the state iastitt: V -s and de partments. Among department and Institu tion heads Einzig's designation Is eminently satisfactory. Judging from expressions which have been heard since his name was first mentioned for the Job. His surveys of the In stitutions have won for him recog nition by heads of the Institutions as being "well qualified and very fair." Elnzig 's reported statement to per sons about the state house that he "wants no state job," coupled with the wording of the resolution nam ing him as "temporal secretary" is generally regarded as evidence that he will serve as secretary of the board only so long as may be neces. sary to complete the reorganization, and that alter he has built up and Installed a new system he will turn it over to a new man for admlnla tration. TAX REDUCTION French Mik, Ind. (LP) Methods ot reducing state laxes held the in terest of 22 executives nt the 23rd annual conference of governors Monday. It was the first problem the state head.s discussed as a Broup, alter on address of welcome by G-vernor Harry G. Leslie. Two of the youngest executives at the conference opened the discus sion. Governor Wilbur M. Bruclt er, Michigan, strong advocate of lo cal government, home rule, advo cated centralized supervision to re duce taxes. Governor Harry H. Woodring, Kansas, urt:ed a system by which the state legislature would fix a maximum for levies, beyond which no local government could go. He said this system would force each unit to live within Its means. "Tlie maximum limit protects the minority without, interfering too much with local self government," Governor Woodring said. "The state can be ot value by providing agencies to advise and counsel the local government, but I doubt the wisdom of giving state tax authori ties actual control of the local bud get." Governor Brucker said he favored modification of the Indiana plan involving state supervision of local expenditures, but did not believe It was in harmony with the present Michigan system. Governor Woodring offered a remedy whereby the state would eliminate the general property tax for other sources of revenue, plac ing the state In a position to tell local governments If they were to blame for high taxes. Governor Franklin D. Roosevelt. New York, explained his state op erates without property tax, and said he belived such levies should be handled by local units. Lyons Mrs. Roxie Trask return ed home the first of the week after an extended visit with her sister and family. Mr. and Mrs. Floyd Martin of Cutler City. DAHCE At Kenti Hall 2'2 miles north of Independence On Inriprndencc-Salem Highway Tuesday, June 2nd Music by Bert Clark's 9 Rylhm Kings Dancing for young and old A red hot band and a real good time for everybody F. N. Woodry. Floor Mgr. Genta 50c Ladles 25o THE TREAT OF THE SEASON Wed. June 3rd 1:30 P.M. Corner Laurel ft South Bli the End of N. Winter St Just 3 blocks north of F. N. Woodry's Auction Market Consisting of A good size building 16x50 to be wrecked, built of lumber and cement blocks, also 190 to 2000 cement blocks, doors, windows and frames, baHt In kitchen fixtures, lumber or ail kinds, wiring, plumbing fix tures, toilets, lavatory, sink, brick, complete steam er hot water boiler, galvanised pip ing, harness, roofing, milk cans, berry wire, some furni ture. Terms cash. II. E. Beardtjry, Owner F. N. Woodrv, Auctioneer Phone S-l-l-i Remember thh sale la Wednesday Afternoon Also A Big Auction Wednevfa; Mte and Saturday Afternoon at the Market MICTION
