Capital journal. (Salem, Or.) 1919-1980, June 03, 1931, Image 10

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Capital journal., June 03, 1931, Page 10, Image 10

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Newspaper Page TextTHE CAPITAL JOURNAL, SALEM, OREGON WEDNESDAY, JUNE 3, 1931 FARM BOARD'S WITHDRAWAL DEMORALIZES GRAIN PAGE TEN WHEAT PRICES PLUNGE WILDLY IN ALL CENTERS Portland (jft No quotations on cash wheat were named either at Portland or Seattle Wednesday, the result of the farm board withdrawal from the buying at various points. The market quickly lost- In value at all points as soon as it became known that sbport had been with drawn by the government. State ment of the board merely agravated the situation as have practically all former statements. On the Port land future markets July option lost cent bushel and September cent bushel. These were practically the smallest losses In the world's trade. There were no sales of fut ures Chicago (LP Demoralized by the withdrawal of the farm board from the wheat market, prices skidded sharply lower on the board of trade Wednesday and closed with but partial recoveries. June collapsed at Minneapolis and Duluth, falling 13 '4 cents at the former market and 12 'i, cents at the latter although off only around bk cents here. The new crop wheat futures fell to new low levels for the season for all deliveries, July falling for than 2 at one time to 57 fi cents per bush el. President Milnor and Chaiiman Stone confirmed the report around noon. July wheat and corn sold at the same price at one time and July corn was around 4 cents over the September delivery. Short cov ering in the nearby month rallied corn back to around the previous close with July advancing. Oats off with the major grains. September and December corn and July oats also set new lows during the day. At the close wheat was to 2H cents lower, corn was M cent lower to cent higher and oats were to Vi cent lower. Provisions were firm. Duluth. Minn., (AV-Severe losses were marked in June and July Durum wheat features at the Du luth board of trade Wednesday When federal farm board represen tative withdrew support from the vrket. Extreme losses ranged from eight to ten cents a bushel. Farm board representatives hack been supporting the futures market here more than a year. Absence of farm board represen tatives was noted immediately af ter the opening in trading pits here and brought about a flood of selling. Minneapolis, Wheat prices dropped 12 'i cent a bushel in an hour on the Minneapolis grain market Wednesday as offerings for the spot month found no buyers. The drastic slump was attributed to withdrawal of farm board agents from the market. June wheat opened unchanged to 6' a cents lower for No. 1 and 3 northern when trading began and by 10 o'clock prices had slump ed to 64 cents a bushel, twelve and a half cents below Tuesday's close at 76'is cents. Prices for July wheat futures, No. 1 and 2 northern also were down 4'n cents an hour after the opening. July closed Tuesday at 65'i. The Winnipeg grain was closed Wednesday, exchange observing the king s birthday. Chicago (IP) Wheat averaged lower and corn higher early Wed nesday. Wheat was responsive tc Showers reported in Canadian dis tricts affected by drought. Iowa reports said corn in the northwest section of the state was without moisture reserve. Opening S -r' cent lower, wheat afterward rallied. Corn started unchanged to S off and subsequently advanced. Salem Markets Compiled from reports of Sa lem i eaters, for the guidance f Capital Journal readers. tRevlscd dally). in : chs' ruiri'4 Wheat, tuiwcreenrd No 1, white Bsc: ml tnikrrt 6'Jc bushel. Feed oats 1 10 ton, milling oats 130. Darlfy S1B-B20 ton. Urats: hous. too snides 1?0-100 lbs. fl 26; 1H0-200 lb. t 50. 2(H)-a M) Ibn. 25; 25O-3O0 lbs. 16 60. Bows 5. Cattle: top ateera 0-7c; cows 3-5C; Cull and cutters a-S'c. Sheep, lambs 4U-5': yrarllng we thers 3S-4c; spring lambs 64jg; awes 2-2'-c. Calves, veslers. top 6 -7c; heavy ana Ml IIS DC, DifSAeri meats: too teal 9 cents: rough, heavy 7-Be and up. Top hogs. lao-lflO lbs. 9c pound: other trades Be up npring isniDS n-iac. Poultry: light hens 10 cents; merit' Urn i'Jc lb. heavy hens 16-lflc; stags 7c, om roosters 70 id. Ekii. medium l'Jr; standards 14c; fresh eitras J4c riojren. Butterfnt 21': prima butter 2i-2C; tube extras 24r; standard cubes 23o. Chreke. elliiitf puce- Muiltm tigun tj triplets 14c; loaf lflc. VHIOITNAi r t'HH H Fiesh fruit: Orannes, nHvels 5; Valenclus 13 'JS-t4.SU: lemon tit 60 cse. limes 12.60 carton; ftraprfrutt, Arlr , 9.76: Florida in bo -io; c.tiir. 13.7&. Ban Anas do lb. Apples: Wlnranpa. fey. 2 25; C grado 12; hew towns, fmicv 2.25: C grade 12. Bing cherries 20c lb. Tart rl una 15c, Strawberries 12 a crate. Cantaloupes. Jumbos 13.60, Standards 13 26; ponlea 12 76 crate. Bulk dates 8I1C lb. PI neap pis 13 4o7. Fresh Vegetables: Tomatoes 13 78; lettuce, local $i; celery 11.75 U 25 a doe. bunchm. 18 crate; rabbage a''3e lb.: cauliflower 12 crate: urUrrtokra. 75-1180 dor en. Mushrooms A60 lb Rhubarb, local S'jC lb. New peas local 6-Be; Calavas 15 75 for cue of 2 .0 3 dnren. New potatoes, Oarnets 3c, Whites 2'o lb. Spinach 11.35 crate. Asparagus, local $1 doccn. Peanuts 12c lb Bunched Tegetsbies: Down bunches Turnips 60c: parsley ftOc; carrots 60ct beets 50c; onions 40c; radishes 40-76c. 8nckod vee tables : Potatoes 1 1 75: seed 2.50, Onions 90o lack, sets 4c lb. Carrots Jc lb. Beets 2c. Turnips 8c; parsnips 2'C; garlic 12c Southern yams 13.75. C.reen peppers 40c. Cucumbers. 1 25-11 75 doe. Wax onions 12-12 60. Green beans J5fl lb. WOO!. MOII4IR Market nominal Wool. cosrs4) Uc. medium 13c. Mobair, kid )0c, long tapli 13o lb, TODAY'S PORTLAND LIVESTOCK ! Portland 10 battle 100. Blow, stca- i dy. Steers 600-600 lbs. good 7.25-17.50; medium 0.75-17.24; common 5.75 10.75, 900-1100 lbs. good S7.25-S7.50; medium 10 50-17.25; common 15,76 $6.60; 1100-1300 lbs. good 16. 75-17.25; medium 5 7S S6.75. Heifers 550-850 lbs. good 6.60-17; medium 6. 00 -16.60; common 14.50-$5; low cutter-cutter 43.75-14. Bulls, yeaning excluded, beef 3.75-14; cutter-medium 14.25 14.75. Vealers. milk fed 17.25-08; med ium $5.75-17 25. Calves 260-500 lbs. good-choice 40-47.60; common-medium 3.60-46. Hogs 160; lower. Light lights 140-160 lbs. 46 25-18 50; light weight 160-180 lbs. 16 25-16.50; 180-200 lbs. $6 26-16.50; medium wis. 200-220 lbs. 5.50-16.50: 220-250 lbs. 5.25-15.76; heavy weight 250-200 lbs. 1465-16.65; 290-350 lbs. 14 25-46.25. Packing sows 275-600 lbs. $4-14.76; feeder and stocker pigs 70-130 lba. $6 60-17 50. Sheep 900. weak. Lambs 90 lbs. down 16-16 60; med. $4.75-46; all welghU, common 14-15. Yearling wethers 90-110 lbs. $2 50-14; ewes 90-100 lbs. 1 60 42: 120-150 lbs. medium-choice 11 60-11.76; all wts, cull-common $1-11.50. PORTLAND PHOIH ( K EXCHANCE Portland (UP The following pric es were named to be effective Wednes day. Butter Quotations for shipment from country creameries and Vic lb. is deducted as commission: Butter, cube extras 24c; standard 23c; prime firsts 22c; firsts 21c. Eggs, Pacific poultry producers' sell ing prices: fresh extras 17c; standards l&c; mediums 14c. PORTLAMI WHOLESALE PRICKS Butterfiit Direct to shippers, track, 16-21c; NO. 2 grade 11-16c; stations No. 1, 16-21C; No. 2, ll-16c; Portland delivery prices: No. 1 butterfnt 21c; No. 2, 16c; sweet 24c. Milk, buying price: Grade B. $1.60 $1 80 a cental, with "surplus' 11-11.60, Portland delivery and Inspection. Cheese, selling price to retailers: Tillamook county triplets. 15c; loaf lGc lb. f o b. Tillamook; selling prices to Portland retailers: Triplets 17c; loaf 18c lb. Live ooultrv. net buying prices: heavy hens, colored 4 lbs. up 18c lb., 3 '-4 lbs. IS cents: under 3 lbs. 13 cents; brollprs 19c; old roosters 7c: Ducks, old Pekins 2C-22c; spring ducks au-32C. (ieese inc. 'rurxevs zu-zzc. Dressed poultry, selling price to re tailers: Turkeys, poor-good 25-33c; Ducks 25c; Gees lHc; Capons 22-35 lb. FR1IT, VEOLTAIH.F.S Fresh fruit: Oranges, packed. Va lencia $3-14.75. Grapolrutt, Florida. 14.60-15.25; Calif. $3 50-$4; Limes 6 doz. carton 12.50; Bananas 6c lb Strawberries, Oregon Marthalls $1 66-11.85: Clark Seedling $3 crate; Lemons, Calif. $5.50-16 case. Cabbage, local, new 60-75C k crate. Potatoes, Oregon Deschutes $1.40 $1.60: bakers' $2; local 75c-$l; Yaki ma 85c-(l.25. New potatoes, Califor nia Garnets a'i-a'jC; white 2-2 14c. Onions, selling price to retailers: Oregon 80 -00c cwt.; Calif, new crop Bermudas 11.75-42,50. Herd potatoes, local 14-1C lb. Rhubarb, local bulk 2-2'ac lb. Artichokes 60-90C dozen. Spinach, local 11.25 orange box. Celery. Calif. $2.25 per dozen. Mushrooms, hothouse 35-40C lb. Bell peppers, green 40c lb. Sweet potatoes, eastern $3.75 ham per. Cauliflower, northwest 9t.75-$1.95 crate. Beans, Calif. $1.76 hamper; 8c lb. Peas, Oregon 6-6c lb. Tomatoes, Calif. 43-13.50 lug re packed; Texas 43.60-43.75; hothouse 13 -224o lb. Lettuce, local Bfi-OOc crate. Aspar agus, northwest B0 -90c do, bunches Ol NTKY MEATS Country meats: Selling price to re tailers: country killed hogs, best but chers tinder 1U0 lbs. 9 ',4 -10c; vealers 70-80 lbs. lOVa-llc; yearling lambs 6-Bc; spring lambs 12-2'ac; heavy ewes 4-5c; runner cows 6-6c; bulls 8-9. M IS, HOI'S, WOOl, ; Nuts: Ore. walnuts 18-25c; peanuts I 12c; Brazils 1H-2IK-; almonds 14-18taC; filberts 20-22c; pecans 20c lb. Hops, nominal, 1920 crop 10-llc; 1030, 16-17c. Wool, 1931 crop nominal. Willam ette valley 12-13c: eastern Oregon, u-i&c ib. ' PORTI.MI EAs'l'SlUE MIKKI'.T 8U aw berries showed a somewhat better tone and price on the eastslde farmers market during the Wednesday scKslon. Oflerlugs were of quite fair volume and general quality was bet ter. Much of the fruit, however, was of very small sire, which accounted for the rather wide aprcad in quota tions. Bales as usual were at a bar gain rate on tr.e curb with fancy Marshall and Oregons moving $125. liiNlde the market the start on good berries whs made around 11 40 $1.50 with some sellectlons $1. 60-41. 75 per crate. The bulk of the better grade and packs sold at this range. Some smull stuff sold $1 25-11 30 rrate. Once again attention is railed to the fact that the law provides that each crate of berries shall have, the name and adilesn of the grower on the out side. The Inspector Is on the Job There wan a fair trade in raspber ries with general price at 12 crate. The berries are small but are getting better. Goonrlerrles showed a rather fair call: mostly at a nickel. Mptimch was mostly 75c orange box. Carrots sold mostly 35c doz. bunches with sales of beets 35-40c and turnips 50-HOc generally. Iiblsli and local lettuce sold most ly 76c crate; ft frw Higher. Peas moved 4-5'iC lb. with most of the trade at 4,T-Sc. Potatoes were In supply with sales slow at recent pric es. Rhubarb was about steady, mostly 60r box. Cabbage held mostly 40c crate with demand fair. Cauliflower sold I 76- for Is and 11 for 2s. General prices ruled: Carrots, new 40c; old 20c doren bunch eh; lugs 40 -50c. Turnips, new crop 60-65c do?, bunches. Hplnach. fancy 90" 11 15 orange box. Berts, old crop 20c doc. bunches; lug" 40-60c; new crop 40c doyen. Potatoes. Iocs), large good 75c sack; small or poor 50 60c. Cabbage, new crop 40c crate. Radishes, new crop 20c dor. bunch es. Appplea, Newtowns. extra fancy $175-12; fancy $160-$! .76; Delicious, extra fancy $2.50, fancy $2 26; poor quality 11 box. AKparavM. long green, local 60-70c dozrn bunches; Columbia river. 70-80 Strawberries. Gold Dollar 11-11.26 crate: Oregon )-$! 66. Peas, local green 4 y6c. S4N FRAM'ISCO APPIER Ban Francisco Fed.-state-mltt. news service). Apples, Calif. Newtowns loose 65c-41 per box. Packed fancy $1 60-11 76, small lower. Oregon Newtowns xf large 12 $2 25; fey II .76-1185; C grade 125 $ 150. Washington Rome Beautvs, fancy $1 60-12; W I net ps xf $2.15-12 25; fey. $190-12. rOHTl.tM IUY MAKKKT Portland Hay: Buying price for producer: Alfalfa 114-115: clover 110 $12; Oats and vetch 410-411 ton. N I'KIM'ISIO PA1RY San Francisco l'P) Wholesale, dairy markets: Butter. 92 score 250; : 91 score 24c; 90 score 23c. Kggs, extra large 19fc; medium IC'.c; small HSc. I Cheese, triplets, flats 12c. l.ivntrooi. wheat Liverpool UPt Wheat range, Julv open, high 62 3-8; low 01 6 ft: close fll 5 8. Oct.. open, high 64; low, close 63 3 8. Dec, open, high 65; low, close 65. I MN FRANCISCO Ban Francisco -")-San Francisco 26c HI TTFKFAT -Butterfat f ob BAN FR4N4 IM O POI I.TRY bin Francisco d'P leghorn hens II sizes 16c; colored hens 6 lbs. and over 23-24c; under 5 lbs. 23-24r; In born broilers 12-17 lbs per ctoren 20c; 1H-23 lba. oer doven 20c: frvera. col- 0ic4t up to I lbs. 30 32c; Leghorn MARKET QUOTATIONS New York Stocks (Closing Quotations) New York (UP)- -Ths market closed higher: Air Reduction 764 Alleghany Corp Allis-Chalmert Mfg. Co 20 American Can Company 09 American Car & Foundi? 15 American St Foreign Power 24 American Locomotive 15 Am. Rad. 6c Stand. Sanitary..., 12V Am. Rolling Mill 18 Am. Smelt. St Refining 26 American Steel Foundries 13 A American Sugar Refining 39 American Tel. ierel 165 American Tobacco B 110 Anaconda Copper Mln. Co 23 Atchison, Topeka 4c S. Fa..... 140 Alt&ntlc Refining 13 Auburn Automobile 180 Baldwin Locomotive 10 Baltimore it Ohio 48 Bendlx Aviation 16 Bethlehem Steel 42 Brooklyn Union Gal 105 Byers (A. M.) 28 Calumet St Arizona 24 Canada Dry 38 Canadian Pacific 27 Case (J. I.) Co 64 Cerro de Pasco Copper ' 14 Chesapeake & Ohio 31 Chicago Great Western 4 Chic. MIL, St. Paul &z PftC 4 Chicago it Northwestern 27 Chrysler Corp Colorado Fuel St Iron 11 Columbia Gas 23 Columbia Graphophone 7 Commonwealth St Southern 7 Consolidated Gas 90 Continental Can 46 Corn Products 60 Curt Iss-Wright 2 DuPont de Nemours 78 Electric power St Light 35 Erie Railroad 15 Fox Film A 15 General Asphalt 17 General Electric 39 General Foods 46 I General Motors 35 1 Gillette 25 uoia uust zo Goodrich (B. F.) 10 Goodyear Tire St Rubber 33 Houston Oil 30 Howe Sound 14 Hudson Motor 12 Hupp Motor Car Corp 7 Indian Refining 2 Inspiration Cons. Copper.. 4 International Harvester 41 International Nickel 12 International Tel. it Tel 24 Johns-Manvllle 49 Kansas City Southern .,... 27 Kennecott Copper 15 Kresge S. S.) 26 Liggett Az Myers B 67 Locw's Inc 3i)- Mathleson Alkali 19 Mack Trucks 26 Miami Copper 6 Mid-Continont Petroleum 6 Missourl-Kansas-Tcxaa 11 Montgomery Ward 1H Nash Motors 24 National Biscuit Co 65 National Cash Register A 19 National Dairy Products 33 National Power St Light 23 1 - Nevada C6ns. Copper 7 New York central 77 N. Y.. N. H. and Hartford 67 North American , 62 Packard Motor 6 Pacific Gas Si Elcctrlo 41 Pan American B 25 Parnmount-Puhlix 22 Pennsylvania Railroad 45 People's Gns 192 Phillips Petroleum 5 Pierce Petroleum 1 Public Service of N. J 78 Pure Oil Company 6 Radio Corporation 16 Radio-Keith Orphcum A 12 Reynolds Tobacco B 47 Sertrs Roebuck 50 Shell Union OH 4 Simmons Company 12 Sinclair Consolidated 6 Southern Pacific 74 Southern Railway 31 Standard Gas St FJectrlc 60 Standurd OH of California 33 Standard OH of New Jersey.... 33 Standard Oil of New York K ; Stone St Webster 29 Studebaker Corp 15 Texas Corp '. 19 Texas Gulf 32 Texas Pac. Land Trust B Tlmken Roller Bearing ., 35 Transcontinental OH Underwood Elliott Fisher 43 Union Carbide St Carbon 47K Unlird Ircraft 24 United Corp 20 United Gas Improvement 27 United States Rubber 11 United States Steel 8BV Utilities Power Si. Llsht A 21 Vanadium 27 Warner Bros, pictures 7 Western Union 104 Westlnghome Airbrake 22 wrsiiiiKiiouse Giecinc oz Willys-Overland 4 Woolworth ' W. 67 WnrthliiRtGit Pump 44 Yellow Truck St Coach 6 m:i.ectki n kb stocks American Light St Tract' n. American Superpower Associated Gas A Brazilian Traction L. St P.. . Cities Service Cord Corp Crocker-Wheeler Electric Bond St Share ... Ford Motor Ltd Fox Theaters A Goldman Sachs Trading ... Gulf Oil of Pa Humble Oil Indian Ter. Ilium Oil B ... 35 .. 10 .... 16 .. 15' .... 11 ... 7 .. 10 2 !i"44' .. 61'- Newmont Mining 25 Niagara ituusun power iu Ohio Oil Pennroad 6 Sheaffer Pen Standard OH of Indiana 21 United Gas Corporation 5 United Light St Power A 19 Utilities Power Si Light 7 fryers 2-2 lbs. 22c; old colored rooe tes 14c; old Leghorn roosters 10c; stags nominal; colored roasters over 3 lbs. 34 35c; 3 3 lbs. 35c; Tur keys nominal; squnbs 20-2 6c per lb. nit nit tin it; nop New York i Evaporated apples steady, choice 9 -10; fancy ll-12. Prunes steady, Calif. 3-10; Ore- Jon 6-9. Apricots steady, standard l: choice 14-14; extra choice 15. Peaches steady, standard 8; choice 8; exta choice 9U- Raisins steady, Kxise Muscatels 4 7: cholcs to iancy seeded 6-6; seed leas 6. Hops steady, state 1930, 20 34c; 1929 17-1 Ho. Pacific coast 1930, 20-23c; 1929 13-18c. rOHTI AMI Ml -n.xR, FLOI'R Portland xi Sugar: Cane, granu lated 14 60 cwt ; Bert 14 45. Domestic flour, selling price deliv ered: Patent 4Hs. 15,40 $5 60; bakers' bluesfem $4.75-14.90; Montana patent $A 10-$5 15: soft wheat flour 44 30 $4 90; whole wheat $4 50-44 70; gra ham J4 JO 44 50. PORTLAND nilKIT Portland Wheat futures: July open, high 65; low, close 54. Sept. open, high 55: low, close 54. No cash quotations. Oats, No. 2 38 -lb. white $21. Wednesday's care receipts, wheat 39, flour 12, corn 2, oata 9. , FRtM'HrO I.UFtTOCK San Francisco tl'Pi Hogs, estimat ed receipts 700. steady to 10c higher, l-nsd 100-lb. sorted California $7 10. ftp; two loads 160-180 lbs. $7; pkg. 215-lhs. 16 50, packing sows steady at $4 14 50. Cattle 27S, holdovers 30. Slow, around steady. Car 1045-lb. holdover Colors dos t- 25; rrm loads 795 815 lbs Mexicans $6 25; load 8W5-lb cows 14. Late Tuesday 900 lb, fed Coloiada steers sorted $7 top. No calves, quot able at 17.25-18.60. Sheep receipts 1500. holdovers 177. Around steady on good to choice. In dications weak to 15c lower on in betweens. Deck 75-lb. wooled Callfor niaft $7.85; pkg. 75-lb. wooled, medium grade 46.25; deck 60-lb. lambs $5.75; pkg. 90-lb. yearlings $4.26; deck shorn ewes $1.60. HONTON WOOL Boston tVP The market contin ues generally quiet on all grades of domestic wool. Scattered sales are be ing closed on some of the new arrivals of 64s and finer original bag territory wools and prices are about steady with recent quotations. Moderate quantities of the new Texas wools consisting of bulk French combing qualities are moving at prices In the v.'cinity of 65-671 scoured basis. CHICAGO GRAIN Chicago A1 Wheat futures: open high low close July 69 69 66 66 Sept 67 57 56 56 Dec 60 61 59 60 June ''0 70 66 66 Cash grain: wheat, no sales. Corn. No. 2 mixed 66: No. 1 yellow 65-66; No. 1 white 57. Oats. No 2 white 27: No. 3 white 26. Barley 37 55. Timothy seed $8.25-18.76. Clover seed $10.60-417.50. Lard $7.60; ribs, bellies $8.25. SAN FRANCISCO STOCKS San Francisco (UP) A better tone was In evidence In early trading on the San Francisco stock exchange Wednesday. The leaders were able to recover from their tows of Tuesday and gains were sprinkled throughout the list. Tranx-America opened at 7. climbed to 7. and settled back to 7, on a turnover of 7500 shares. rillCAGO LIVESTOCK Chicago 'Ai (U.SD.A.) Hogs 19.000; bulk 180-250 lbs. $6.10-46.25, 260-300 lbs. $5 85-16 10. Cattle 8000; calves 3000: slaughter steers 000-wo ids, sJiO-se.a; veal ers $8-19.50. Sheep 1500; choice native ewe and wether lambs $10.25; IiTahos held at $10.50; few fat ewes $2-12 25; lambs 90 lbs. down 19-flO 50: medium $8-19; all weights common $6-18: eves 90 150 lbs medium to choice $1.75-13. RUSH GF GRAIN CAUSED BOARD TO WITHDRAW Washington, P The early and heavy movement of new crop wheat from the southwest was said at the farm board to have prompted the withdrawal of government sup port from the June wheat mar ket. Chairman Stone of the board and George 8. Milnor, president of the grain stabilization corporation, In Chicago, agreed on this action Tuesday plght In a telephone con versation after a day of sizeable wheat shipments from Texas. 1 At the board it was explained Wednesday that the grain stabiliza tion corporation had promised , to continue wheat purchases in June only until such a time as the arrival ot new wheat became a factor in the market. The farm board announced March 23 it would not authorize continued price stabilization after July 1, the beginning of the new crop year. Stone declined to comment on Wednesday's developments, but It was said at the board's offices that the position taken was that the stabilization corporation could not buy Texas wheat to maintain the stabilized price at the expense of the Kansas farmers who will begin harvesting and shipping next month. Milnor has announced that wheat held by his agency will be sold at the stabilized price of about 85 cents. Should millers need addition al old wheat they would be required to pay this price as It Is believed the stabilization corporation now has In Its possession virtually all of the prospective carry-over on July 1. If, however, sufficient new wheat is available the corporation would lose this opportunity to sell a portion of its huge surplus and probably suffer further losses as the result of Its market operations. DROUGHT CURTAILS LOGANBERRY YIELD While conflicting reports are be ing heard as to the loganberry crop which Is expected to see Its harvest start before the first of next month, there Is little doubt that the crop will be very materially shortened unless there Is rain In the next week or 10 days. In some yards the berries are re ported to be already shrivelling up on the vines while other growers questioned say they expect a pretty good crop because they have kept up cultivation and are still pulling up the moisture in sufficient quan tities to Insure a crop. But even In thee yards It is admitted that the crop will be cut down some unless there Is rainfall. Field men say they look for plenty of loganberries but there Is no ques tion there are some yards that will be very badly hit unless rain comes in the near future, COURT TO PASS UPON FIVE ROADS Five roads are scheduled to come up on favorable viewers reports when the county court convenes Friday for regular monthly road day. The roads Involved are as follows: H. M. Pitney and others, road from Detroit to Camp No. 17. P. J. El rand others, road lead ing from the Sublimity-Coon Hol low road. B. H. Herman and others, road leading from the Salem-Butteville read. Andrew Pederson and other road above Stlverton. Harold 8a tern and oth?rs road In the Blverton section. It is expected that all of these roads will be pushed along on their usual course followtns favorable re port of viewers. BUTTER STRONG LIVE POULTRY MART FIRMER Portland, Ore., LP) Really strong tone is generally reflected 4n the market for butter In the local ter ritory. General cleanups of cubes are reported with general talk of an Immediate advance with a con tinuation of southern call. Market for butterfat Is showing even a firmer tone than butter. While prices in general were un changed for the day; occasional premiums of 1c were again re ported. Centralizers appear to have no special price, one being named for each shipper. General stiffening of the live chicken market buying price Is re flected here. Hen prices are In some Instances 1c higher than re cent bids. The strength includes all offerings except heavy hens. These are merely steady. Further lowering of the prices of country killed lambs Is Indicated here. Movement Is only fair but de mand is not so good. Veal la a trifle easier to lower while hogs Indicate a like position. First carload of new crop yellot onions of the season Is here from Stockton, Cal. The initial arrival was reported In good condition by Ralph McLaughlin of Pacific Fruit. Priced $2.50 cental. Reds are $1.75. Market for asparagus Is showing a slightly better feeling here with less offering and a fair gain in the demand. In spots the selling price is a nickle to a dime per dozen higher. Further Improvement in the price of strawberries was shown here Wednesday with another decrease in the supply. Quality in general Is also better. Sales to $1.85 crate for fancy goods. Another car San Pedro tomatoes due and priced $2.50 lug. peneral outdoor tomatoes are quoted 25c lug lower. California apricots are down to 90c $1 lug with demand slack, and arrivals liberal. Another car in. Quality fair. Hothouse cucumber market con gested everywhere in the west re ports George Pearson, specialist. Walter Mewing, now connected with the Seattle office of the Pa cific Fruit, paid his old friends here a visit. Both new and old potatoes are about steady. Southern eggplant Is more liberal offering; around 15c lb. Peas are steady at 5c for gradu? and 6c for telephones. Cantaloupes In -liberal supply with much mixed quality and a similar trend in the price. woseoemes are finding a lair call. Head lettuce continues active with sales up to 90c crate. SEEK TO SOLVE MEAT CRISIS Chicago (LP) Agricultural experts. bankers, railroad officials, livestock men, and others, met here Wednes day to formulate a campaign for making Americans conscious of the present low price of meat. As the meeting opened, leaders den;ed there was a crisis in the meat industry. They said meat sales had continued almost normal but the consuming public had failed to take advantage of the low levels at which livestock and meat prod ucts were available. Purpose of the meeting, it was pointed out, was to call attention to this fact and increase the de mand for -livestock products at a time when the public will benefit. "The levels at which livestock is being sold are sharply below those prevailing a year ago," Everett C. Brown, Chicago livestock commis sion man and treasurer of the na tional livestock and meat board, said. "The consumer's meat dollar has grown rapidly within the last year and in some cases its purchasing power has almost doubled," he said. "The sooner the public is actively conscious of this fact, the sooner will his interests as well as the Interests of those who ser'e him be benefited." It was expected that formal ac tion might be taken. DIMINISHED CROP OF ETTERBERGS Reports from local canneries are to the effect that many of the Et terberg berries now being delivered virtually at the start off of the sea son are as small as berries from the last picking and this augurs for confirming predictions of a short crop. However, even in the face of this nothing can be learned of any at tempt on part of canneries to pick up any of the acreage which had been left without a home when contract signing time was over. It Is expected two of three plck inss more will about clean up the valley Marshal Is althounh Union hill continues to bring down heavy deliveries and is expected to for some time. County Inspector Van Trump a ho was up in the Union hill country Tuesday and visited the 160-acre patch of the Heater boys savs pick ing is In full swing there and while the spittle bug has done some dam age to this patch the extent of It cannot be estimated nor has any satisfactory solution been found at to how to combat It successfully, PORTABLE BAR IN .M TO Ardmorr. Pa.. OP A portable bar. including an ice compartment and glfts rack, was discovered when Lower Merlon Township investiga ted a parked machine. The police found a complete mixing outfit and numerous bottles cf whisky gin and wln:s. Water Lilies Being Marketed by Bauer Unlonvale Two hundred dozen water lilies are now being gath ered daily and marketed In Port land by Fred Bauer, owner and manager of the six acre field in this vicinity devoted to raising many varieties, and the colors run from white to all shades of pink, deep red, yellow and lavender tints are amnog the rare varieties. The fragrance of the water Illy Is a very remarkable and pleasing feature of It wherv used in boquets in the home. WOOL MARKET 'FEATURED BY LACK OF SNAP Portland While consuming volume of wool Is reported heavier than a year ago in the first three months of the present year, the fleece trade in general Is without adequate support in leading mar kets of the world, according to the Journal Wednesday. In a recent circular issued by the national Wool Marketing corporation, a set up of the farm board, a moderate bullish view of the future of the wool trade was given, which is by no means accepted by the buyers or the mills. Lack of snap In the buying of wool at major marketing points In dicates a disregard by the trade of the mild bullishness expressed by the co-ops who are reported as uti lizing such reports to gather in more members while the general trade talks of depression. Some of the leading operators have not been at all active buyers this season. In fact they have been almost out of the market. The second Oregon wool acutlon of the season will be held at Pilot Rock Thursday when around a quarter of a million pounds of fleece are due to be offered. Inter est in the sale Is not keen and some of the leading operators of other seasons are reported as not attend ing. There is a slightly better under tone in the hide market with frac tional Improvement in the east. STOCK MARKET CHANGES FRONT AUBURN SPURTS New York (IP) The stock market Wednesday made the best recovery of the year, closing with gains rang ing to 5 points In the main list and a few much larger, including a 42 point spurt for Auburn Auto. According to preliminary calcula tion the Dow, Jones and Company industrial average advanced 8.64 points to 130.34. Rail average ad vanced 4.13 points to 70.98. Sales totalled 3,300,000 shares, com pared with 3.300,000 shares Tuesday. The abrupt reversal had been foreshadowed In the previous ses sion when greater resistance to selling was discernable. Impetus to short covering was supplied in trie afternoon on a reduction In mar gin requirements for brokers' loans by leading New York and Boston banks. This reduction from 25 to 20 per cent was taken as an indication that banks have come to the con clusion the market has reached levels where stability is approaching. Announcement of the cut brought out heavy short covering through out the list. Steel common was the first to advance. Its strength in spired buying elsewhere. AH groups joined and as the close approached prices were making new highs for the day. Trading volume Increased so rap idly that tickers -were unable to handle the volume of orders. Gains of 4 to 5 points were made by Steel, Du Pont. American Can. Allied Chemical, National Biscuit and Continental Can. In the rail road division vide advances were made by N. Y. Central. Rock Is land, Delaware and Hudson, St. Louis-San Francisco. Union Pa cific, Pennsylvania and Atchison. American Telephone and Consoli dated Gas featured the utilities with gains of more than S points each. Oils were strong throughout. Coppers made up early losses. The day's news had a favorable balance of constructive items, while steel production fell from 44 to 42 per cent of capacity, the street read into the weekly reviews a cheering note since It was pointed out the fresh wave of pessimism was engendered by the performance of security markets, and "there Is little requirements.' Youngstown Sheet and Tube Tuesday reduced the common divi dend from $4 to $2 annually. Wed nesday for the first time In several months a sale of blue stamped Youngstown was sold at 35 off 5 points from the previous close. This stock represents certificates of de posit for stock dissenting In the Bethlehem-Youngstown Sheet and Tube merger. Oil shares received Impetus from the decision of the U. S. govern ment not to carry its objections to the Standard of New York-Vacuum merger to the supreme court. NO EARLY PEACHES Grand Island There will be no early peaches in the Louis Will four- acre field but about one-half crop of Crawfords and a full average crop of the Mutr variety If the present outlook may be taken as a criterion. Because of the quantity the size Is expected to be very desirable. There will be no thinning of the fnnt nec essary this sea.on. A movement for th- reduction of customs duties has been started In Ecuador. MILNOR HOPES FOR RALLIES IN WHEAT PRICES Minneapolis (A1) Prices for June futures and cash wheat dropped 13 cents in the first hour of trad ing but rallied later five cents on the Minneapolis wheat market Wed nesday. The slump was credited to removal of buying support by the federal farm board agency. In the second hour prices rallied slowly. George S. Milnor of Chi cago, manager of the Farmers Na tional Grain corporation and presi dent of the Grain Stabilization cor poration, declared here he felt con fident of further rallies in succeed ing days. He said grain possessed by the stabilization corporation "will not be dumped on the market and will be available only at the price scale previously announced, based on 82 cents for N. l northern with an increase of J.i cent a bushel every ten days." Milnor said he regards Wednes day's market performance as "bet ter than expected." in view of the removal of the stabilization corpor ation. PLEAS OF NOT ALPIN BROTHERS Lack of similarity between the names of John Doe Snake and Al fred Aplin caused J as t ice of the Peace Miller Hayden some difficulty Wednesday when Aplin and his brother Bart Aplin appeared on a charge of unlawful possession of intoxicating liquor. Alfred Aplin was the first to ap pear. "Mr. Aplin, please stand up," the court requested. Aplin stood up and Judge Hay den read the charge. Through his attorney Aplin pleaded not guilty. "Now are there any recommenda tions as to ball?" the court asked the attorneys. "I don't know how much liquor there was or any of the circumstances." "He was arrested on a search warrant from this court," replied Deputy Prosecutor Page, "of which I thought the court would be awaie." "I don't remember that name at all," said the court as he started through the records. "The warrant was Issued asain&t John Doe Snake," interposed Dep uty Sheriff Walt Barber. It seems that Aplin is known fam ilularly as "Snake" Aplin, Hence the confusion in names. His bro ther Bart also pleaded not guity and they will have a prelimlnay hearing ne::t Wednesday. They furnished bail of $100 each. State, county and federal officers raided the Aplin home in Woodburn Tuesday night. They found a small amount of whisky in the house, four pints on the outside premises. 17 gallon jugs and a lot of emptv bottles. NAUGHTY WORDS MAY GET INTO POLITICS fContlnued from page 1) length to get votes and then it would not be safe to turn on the family radio until women and chil dren were excluded from the room. Republicans are aware of the serious disadvantage such a state of affairs would leave them In with Mr. Hoo ver who being a Quaker, never swears in public. There are laws against swearing. The federal radio act forbids pro fane language over the air, A number of states include swear ing under common nuisance statutes making unlawful "obscene, indecent, or profane utterances over the tele phone, or in a public place, or in the presence or hearing of children, or in the presence of a female, with provocation (note that men Ed. , or near dwelling house and in the pres ence of the owner or a member of his family." see brief U.'S. In re Robert Gordon Duncan va. United States of America. In the recent conscientious ob jectors case. Justice" Sutherland of the United States supreme court held that "we are a Christian peo ple iHoly Trinity church vs. United States 143 US 457.) And in the radio case this week the court re fused to interfere in the conviction of Robert Gordon Duncan, who leased time from a radio station in Oregon. The court of appeals held that while his language was nat obscene, it was profane and there fore a violation of the federal radio act. He could have avoided a good deal of trouble by having said, in stead of what he did lay, "By gad" and "dum scoundrel." Duncan In appealing to the su preme court defined his language as not profane with this argument. "Profanity is taking the name of the diety In vain. We submit the words relied upon herein are not profane, within the meaning of the law. The definition and ideas of profanity and blasphemy handed down to us from olden times and from decision upon the 'blue laws' of our ancestors, are relics of an age which is dead. They were born of a state of knowledge which pre dicted a flat earth, with a small sun, moon, and stars, revolving around It; and a theology made to work with the flat earth, with Its heavens above and Its hell below, and all presided over by an exag gerated Roman Jupiter as diety a diety who Intervened personally in all the affairs, thoughts and acts of man. This age being dead, why not auow us mints aud Its evils to be interred with lu bones, while the good which It did lives after It? Is it not time for the most lmnort. ant court In the world to take a position more in harmony with tha aga In which we live?" Bub our new liberal auprema court appeared unable to bring it self thus In line with the ucaga of the modern flapper, and sided with the government, which oppos ed the review holding that Dun can and his words were justly "within the condemnation of the statute as being irreverent and calculated to bring disrespect to the name of God. CONTRACT HOPS FOR 7 YEARS AT 18 CENTS It has just been learned that Otto Seldenbeig, Jr., of New York on a recent trip here entered into a seven-year contract with Donald McCarty of Independence for 600 bales of hops a year at 18 cents a. pound. One unusual feature of the con tract which makes it outstanding Is the seven-year provision. It has been many, many years, say local hop men, since a contract of this duration has been entered Into. Five years has been considered the limit for some years and the usual run of contracts has been on basis of one, three or five years with probably the three year contract the most used although many have been made for one year. The price too is at the top fig ure for this year and while not v as favorable as many contracts which have been made In the past is considered a very advantageous one under present conditions. Jt is guessed that Seidenberg Is dcing some guessing himself on fav orable conditions coming up for hops and that he hopes to cash in on the contract during its later period If not so heavily on the first of the term. Another contract has been re ported between Harold Ray and Mrs. Weston at Grants Pass for three years, one year at 16 cents and two years at 17 cents. This contract calls for 20,000 pounds a year. Otto Seidenberg, Jr., when here recently, was also the buyer who pressed the market to the 18-cent figure and made some spot pur chases at that price. A 17-cent purchase by woir Hop company was made recently of 80 bales from John Titus of Independ ence of 1930s at 17 cents Amity Fire completely destroyed the large dairy bam and all equip ment on the ranch of William Warner, registered Jersey breeder, one mile west of Amity about 4:30 o'clock Tuesday afternoon. One cow was burned. The herd bull, frightened by the heat, broke away but was later captured. Warner had just completed stor ing about 15 tons of new hay in his barn and had all his milking equip ment and farm implements stored tiurc. A silo adjacent to the barn was also burned. During the morn ing rubbish had been burned west of the structure and it Is supposed that a latent spark from the debris started the conflagration. The fire department was called rom Mc- Minnville and was able to save the Warner residence and other out buildings which were threatened. BISHOP CANHON SUES 1M1M FOR LIBEL Continued from page 1) tion of Tinkham'a remarks made by the representative outside the house and without the immunity which at taches to utterances on the floor. Cannon had challenged Tinkham to repeat his charees under those cir cumstances. June 20, 1930. Tinkham obliged Cannon with a statement published over hie signature. This statement, cited in Cannon's suit Wednesday, read in part as follows: "Lest Bishop Cannon shall delude anyone Into thinking the charges which X made acainst him in the house of representatives were un founded and meeting his challenge that I divest myself of my congres sional immunity, I desire to restate over my signature the charges I made in the house of representatives that he is a shameless violator of the federal corrupt practices act, a criminal statute. That he received (05.300 from a New York capitalist, Mr. Jameson, during the 1928 elec tions, and Illegally concealed the re ceipt of all this money until Febru ary. 1929, and has not yet accounted for $48,300 of this amount, refusing to dcr so before the senate lobby In vestigating committee, before which he appeared voluntarily and where he was under oath and could have been cross-examined." Under authority of a resolution In troduced by Senator Glass, demo crat, Virginia, and adopted by the senate last winter, the Nye campaign funds committee Investigated dispo sition of the money received by Can non from Jameson, Last month Cannon appeared before the com mittee witn his secretary of the 1924 campaign. Cannon was not asked to testify but the secretary was sum moned to the stand and after read ing a statement challenging the commlttert Jurisdiction, refused t answer questions, Cannon had pre viously Issued a statement denying the committees risht to Investigate) the Jameson fund. MOWING EARLIER Unlonvale Mowing the oats and vetch for hay was begun here Mon day, which Is almost a month ear lier than usual and the crop in gen eral is my heavy and of excellent quality, farmers report.