Capital journal. (Salem, Or.) 1919-1980, March 21, 1932, Image 8

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Capital journal., March 21, 1932, Page 8, Image 8

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Newspaper Page TextTHE CAPITAL JOURNAL. RALEM. OREGON MONDAY, MARCH 21, 1932 NO CHANGE IN BUTTER MARKET OVER WEEK END Portland. March 81 ttPV There was no change In the butter mar ket situation for the week's open big. There was a very heavy In- crease in receipt of butter here last week with a moderate gain In local churning. The market for eggs appears practically unchanged at the week's opening with receipt practically steady. Peddling by producers to retailers continues the chief market price menace. There remains an easy feeling generally In the market for live lightweight hens as well as medi ums but heavy stock remains fairly steady. Broilers market Is about steady at 18 to 23 cents pound, ac cording to weight and quality. Lower prices are being named In spots for country killed calves. Sales In general are not above S to t'A cents for tops with heavy sorts mostly 8 cents pound. Aside from veal, the market for meats Is strong. This is especially true of hogs, mutton and old lambs as well as the better quality offer ings of spring lambs. The latter are up to 20 cents pound. While buying of potatoes In the local territory for carload shipment remains fairly active. California buyers appear to be fighting the latest price advances being quoted by Yakima. Market for onions continues a trifle slow. Reports indicate that total unsold holdings are not more than 15 loads In Oregon with but five of these at Brooks. Buying price is nominally held $2. Very light shipments of lettuce from California have forced a further advance in the price. Onion sets are very scarce for yellow varieties with a furtltcr up ward swing. General declines are showing In the market for asparagus with a liberal increase in the movement. Cauliflower - broccoli market Is fairly steady with more local stuff arriving. Mostly very small sizes. Artichokes remain unusually low prlc-d, but the demand is rather good. Imperial valley peas continue to reflect price loss and are now showing a maximum of a dime a pound. New potatoes are scarce with prices steady to firmer and higher. Outdoor rhubarb Is still, a trifle slow but prices are steady. Spinach market shows further decline. NO BANK FAILURES BRITAIN OR CANADA Washington, March 21 (IP) There has not been a single bank failure In Great Britain or Canada for sev en weeks, the commerce department reported today. In the United States, more than 2000 banks closed during 1031 alone, involving $1,700,000,000, Profits of British banks declined some eight percent last year, the commerce department said. Divi dends, however, were curtailed even less, as the banks had built up large surpluses. Total assets at the close of the year were 1,928,883,590 pound sterling in 1930. The ratio of loans to depositors increased from 49 to 51.9 percent. Salem Markets Compiled from reports of Sa lem dealers, for the guidance of Capital Journal readers, (Revised Dally). Wheat. No. 1 white 62c, red sacked lite liu.hal Feed oats 921 ton; milling oats and tarley W ton. Meats: Hogs, top grades 130-160 lbs. 94 90; 160-200 lbs. 95.40; 200-225 lbs. a& IS- 226-260 lbs. 94.00. Sows 93-93 26. Cattle, top steers 9-60 lb.; top eows 24-3,c: culls and cutters l-2c. Sheep, lambs 6',c, yearling wethers c; ewes I'--zc lb. Calves, vealers, top 6c, heavy and thins 3-4C lb. l)rerd meats: Ton veal 8 Cents: extra fancy 9c. rough, heavy 6-7c. Top hogs 120 lbs. 6ac lb. Other grades 6c lb. Poultry, light hens Be, medium 10c lb. avy hens 13c, springs 13c, stags 7C, oiu roosters oc id. Egg, mediums 7c; standards Be; fresh extras 9c doreu. Butter, cubes 22c; prints 24c, Car tons 25c; squares 26c. Uutterrat 20 -22c lb. Cheese, selling price: Marlon county triplets i4c, loai ioc id. unoi tAi.t: piticra Fresh fruit: Oranges (sizes to ease) 126s to 216s 93.75: 252a to 2H8s 94 00; place pack 200s and larger 92.50; 216s ua smaller f4.au. Lemons, 30Os 95.50 case: 860s 5.00 Grapefruit. Calif. 92 76; Texas 935 Florida 93.50-94. Bananas 6c lb. Ap plrs 65-75C box. Bulk dates 6C. Flffi (dried! 9140 9)3 60 crate. Cnlavoa 94 50 case. Comb honey 12-oc. 93 75 case; 10-os. 93 50 Plnennules S3 dozen. Freh vegetables : Tomatoes, hot house 95; Cnllf. 93 50-94, Lettuce. Im perial valley 92 76 to 93 25. Celery 97 crate, hearts 92 dox. Cucumbers, hot house 91 50-92 do. Spinach, Csl. 93 75 crate. Green peppers 35c lb. Hed cab bage 4c. Savoy cabbng-. 91 crate. Green pens 17c lb. Garlic 12'jO lb. Squash artea nuooara jc. pweei poimoes o-c lb. Sou t hern yams 92 hamper; Cnllf Brussel sprotits 15c lb. Artichokes 91 dozen, Mushrooms, not notice isc id. Rhubarb ooc choice. 91.10 fancy, Flor ida new potatoes 12c lb, Calif, green Deans 2CC lb. caunnower, l ain. 91 3d; Hose burg 91; caiiiomia green aspar agus 17c lb. Bunches: Calif, turnips, beets, car rots tfOC, onions, radishes 45c; pars lev BOc. Sacks: Pots toes, local 60s 45c: 100s 5c; Yakima 91.10 Carrots, beets, tur nips, rutabagas, parsnips 2-3c. unions, Lablsh 6c lb WOOt.. MOHAIR Market nominal. Wool, coarse lie medium 13c. Lambs 11c. Mohair, no market. Choice Hay Scarce Portland, March 21 (.TV-Choice aorta of hay are very scarce, accord - Ins to a late survey of the situation. aiwre Is i rise of 60 cents a ton in the buvlng price of the better trade alfalfa at $1550 but other grades are unchanged and as Jow as $14. Best vetch la also up 60 cents a ton at 13 with eastern Oregon timothy of fancy grade showing a like rise of $10 ton. There mas no change In Willamette val Icy tlmathy. I TODAY'S PORTLAND LIVESTOCK Portland, March 21 uPj Cattle 1175, calves 60, alow, dull, Strera COG-ltOO lb, food t6 26-S7; medium S5.26-S6.25, common S4.00 95,25; 000-1100 lbi. good 6 25-17.00. medium l5.25-t6.25. common S4-S5 25; 1100-1300 Iba. good t5 75-S6.50, med ium I4-S5.75. Heifers 658-850 Iba. good 5.75-16 50, medium S4.75-a5.75, com mon $3.50-94.75. Cows, good 4 50-95. common and medium 93.25-M.&0, low cutter and cutter 1.50-S3.25. Bulls yearllnics excluded, good-choice bcei 3 25-93.75, cutter, common and med ium 92-93.25 Vealers, milk fed, good choice 97-97.60. medium 95.50-97, cull and common 93-93-50. Calves 250-500 Iba. good and choice 95-50-97, com mon and medium 93-95.50. Hogs 1850. Including 183 direct and 346 through: killer stuff 26-40C high er, feeder pigs 25c higher. 160-180 lbs. good-choice 95.50-95.75; 140-160 Iba. good-choice 9500-95.75; 180-300 lbs. good-Choice 95.50-95.75: 200-220 lbs. good-choice 95.00-95.75; 220250 lbs. good-choice 94.75-9560; 250-290 lbs. good-Choice 94.50-95.40; 290-350 lbs. good-choice 94,00-94.90. Packing sows 276-500 lbs. medium unci good 93.76-94.50. Feeders, stock ers 70 130 lbs. good and choice 94-94.50. Sheep and lambs 1650, including 1044 on contract or through, Steady. Lambs 00 lbs. down, good -choice 96.25- 97. medium 95.26-96.26, all wtB. common 94-9525. Yearling wethers 90-110 lbs. medium to choice 94-95. Ewes 120 lbs. medium to choice 93 93.50; 120-160 lbs. medium to choice 92.26- 93-25, all weights cull to com mon 91-12.25. PORTLAND pKoorce i;x( HAM.K Portland, March 21 tU.PJ The follow ing prices were named to be effective Monday: Butter quotations for ship ment from country creameries, less '3c id. lor commission: Butter, cube extras 22c, standards 22c, prime firsts 22c, firsts 21c. KKfl. panne poultry producers sen- i tng prices: Fresh extras 14c, standards 13C, mediums lac. rOHTl.ANH WIIOI.KSAI.i: Pit KIM Portlund March 21 iu.R These are prices retailers pay wholesalers except wnere oT.nerw.ne noieu: Butter, urlnts 92 score or better 24- 20c, standurds 24-2(Jc carton. Butterliit. direct to shliipers: Sta tion 20c. Portland delivery Ulc lb. Cheese, sellliiic price to jobbers: Til lamook county triplets 15c, loaf 16c lb. f o b. Tillamook. Selling prices to Portland retailers: triplets 17c. loaf 18. Live poultry: Net btiyiim price, hea vy hens, colored 4'i lbs. up 15c; me dium 12c; liKht 10c. Broilers 17-lHc. Colored roasters over 2 lbs. 20 -22c. bprintis 17c. old roosters 8c. Prkin ducks 5c. eese 12c. Capons i8-2U Dressed tin keys, belltiut uncos to re tailers, hens 20 -22c lb, joung loins 17-18c, old touts 15c lb. I IIKMI 111. h i III. KM New put ilois, Flondu 10-12c lb., California 10-1 lie lb. iniuu.irlJ. hothouse, fancy S1.10- 91 15. choice Hbc 15-lb. box. labuauc. local 2', -3c lb., new crop jt-iin lit iu., t ituiui ii.a iu. Potatoes, local H0r-l.i5: Purkdale si.z.v uesenmes si 2&-S1.3J: eastern Wii-sniiiuLon vc-ai.ib. seeu pui;iioes, (-entiled. Earnest oi All 1-1'jC II).. fcir.y Hose l-l2c lb. Onion.1", selling price to retailers. Oregon 96.50-97 cental; boilers 95 95.50. Cucumbers, hothouse 90c-9t 50 doz. Spinach, local 75-80c oruime box, Wnlla Wt.Ha 75c-91 box. Celery. Calif. 9175 doz.. hearts 9175 doz. bunches. MuMi rooms, hothouse 50c lb. Bi ll peppers, Flo"kiu 3Uc lb, Mexican peas U-lGc lb. Sweet potatoes, Calif. &0C-91; sou thern yams 91.75 bushel. Cauliflower, local 75c-91 crate. Roseburn B0c-91.25 crate. Tomatoes, hothouse, extra frv. 27',aC lb.; Mexican 94.2!j-94 50 repacked. Lettuce. Imperial 93-t3.'i5. AupnrnKUH, Calif. Kieen 12-Mc lb. Ml AIS AM) 1'KOWMOVs Country meats, selling prices to re tnllerh: Country kilted 1kkh. best but chers under lt)0 lbs. 7-7'ac; veulers HO-130 lbs. e-D'jC: spring lambs 17 20C; lambs, yearllnKH 13-Uc: henvv ewrs 6c; tanner cows 3-4c: bulls 6 e'ac lb. Hams, fancy lfl'-inc: picnics 16"z 18c lb, Bacon, fitnrv 20":, -22c lb. Leaf lard, tierce basis 9'ae lb. Nuts. Oreiron walnuts. 15-lOct nen- nuta 12c: Brazil 12-14r; almonds 15- 16r; filberts 20-22c; pecans 20c lb. Hops, nominal, 1930 11-1 1 Vc; 1931. ll-ll;c lb. Wool. 1031 crop nominal. Willam ette valley 13-16',3c; eastern Oregon 11-iSC ID. PORTLAND l,MsH. MAItKIT Portland, March 21 rtJ.PJ There was a very iiDcrni increase in orfenngs of vegetables during the Monday session of the eastslde farmers' wholesale market. The big increase in broccoli was a real surprise. There was a good ttock from the Roseburg section sell ing around 80c for best 2s and 90c 91 iur in. i lie isurr was nominally quot ed. Oswego and local broccoli sold 70' hoc crate. Much of the stock showing small heads but good quality. Spinach continued to show Increase as expected. Bales were 70-90c orange uu wnn most oi ine irauing 73-ouc. Oreen onions were In better supply but sold mostly 25 -30c doz. bunches. Dry onions were 96.50 for Is and 94.50 for 2s and boilers. Rhubarb sold 75c for summer choice 15a with 1cal outdoor lbs mnsilv ai and bunched stock at 60 -65c dozen. Apple demand was rather fair but former prices were continued carrot held their recent ilrnn price and active demand, bprouts sold mostly 80 -85c box. Mustard greens as well aa turnln greens moved around 25 -30c douen Dunenes. General prices ruled: Carrots. 36c rioz. bunrh HK.TKx column, id-woe orange dox. Parsnlna AO-fl5c 1ub ri- m.ir lug. Potatoes, larae local. ood BO.. Turillus. bulk SI 2 nnnra hn an. OOc lug, 35c dozeu bunches. Cabbatre fanev Si Mi-j- nniin.n. 91-91 25 large crate, curly 35c lettuce biair, iru rniuaioupe crate ..APPles, itimble pack 60c, face and Suiiash. llubhsrrf 9a 1H FtanUd a. 35c lUM. unions, nrv. No. l Sfl so hniun a rm ik. oiiiMeis prouta HU-H.1C Dox, Rhubarb, hothouse, choice 75c. out door 15s UOc-91 box. i nuuiiower, Roseburg broccoli 80c 91 for No. 1 In small crates; local 70 80c crate. A l liN( lS( ( Ot I.TItV San Francisco. March 21 iiipi flirt colored hens 6 lbs. and over 20c; un der 6 lbs. 20-22C. Leghorn hens, all slies 15c. Leghorn broilers 12-17 lbs per (Iwfn 17c; 19-24 lbs per doen Leghorn rrvera over i liu -7t- (-11,1 colored roosters 10c. Old Leghorn roosters Be. Colored roasters 5-4 lbs. 20-21C. 8iuabn 20-22r. Rabbits, do mestic under 5 lbs 8-gc. Over 9 1 ds 6 IIOSTO WOOL Boston. March 21 iu Pj Rnln.. in wool Is largely on a hand -to-mouth basis. Plerlim mit stocks on hni nr maaing up aamples on new lines offer Stock Averages flOVn AR!H (Copyrlnht 1032, Stand. 6tal!.tlrs C siarcn dii w iiuei Today 755 Previous day 75 7 Week ago 77 0 Year ago , 07 3 9 )ears ago OK 4 High iu:i2 7111 loiw ltt.U 715 Hltrh UA0 101 0 Low lorn Bit Mill s At:HAli.!t Tday (14 0 Previous day 63 2 Week ago 66 0 Tear ago , Hi 1 9 years ago 206 7 High 132 71 S !)W 1032 69 5 High HMO 20.t8 Low IVM 114 7 MARKET QUOTATIONS New York Stocks (Cloftlflf Quotations New York. March 21 0JJ3 The mar- xei ciosea nigner: Air Reduction Alaska Juneau Allied Chemical Allls-Chalmers Mfg American Can American it Foreign Power. American fee American Locomotive Am. Had. A Stand. Sanitary American Smelt At Refining American Suitar Heflnlnn .. American Tel. As Tel 121 'i American Tobacco B 83 'i Anaconda Copper Mining 8 Atchison. Topeka 8. P. 76 Auburn Automobile 86 (j Baldwin Locomotive Bendlx Aviation 10 Bethlehem Steel ltPA Borden , 3D,a Burroughs Ad. Much 11 Byers (A.M.) 15 California Packlna . 10 Canadla Packing Case (J. I.) Co Cerro De Pasco Copper ..... Chesapeake As Ohio , Chicago Great Western .... Chicago, Mil. St. Paul Ac Pac. Chicago & Northwestern .., Chrysler Corp Coca-Cola , Colorado Fuel as Iron , Columbia Gas , Commercial Solvents 14': 34i 'ife ::.!3?fi Commonwealth Ac Southern Consolidated Oas 3'i 3 ''4 C Corn Products 43 3J Drug. Inc 52 DuPont De Nemours 49 Eastman kocjiik liJ Electric Power & Light 11 U Erie Railroad Firestone T Ac R Fox Film A Freeport Texas General Electric General Foods General Motors , Gold Dust Goodrich B. F. , Goodyear Tire Ac Rubber Graham-Paige Greut Northern P P Houston Oil Howe Sound Hudson Motor Industrial liiiyon Inspiration Cons. Copper international Harvester . International Nickel .... International T4tT .... .. 3"4 17--J, 19 37'J 17 20 "4 Johns-Mnnvltle Kansas City Southern .. 18 Kenuecott copper Kre.siie iS. S ) 14 '4 1'4 . 57 lfls 28 ?j, Kreugcr Ac Toll .... t-iKPe'i Myers a imiam Ijoews Inc. Mathleson Alkali Mark Trucks Miami Copper Missourl-Kaiisas-Tezas ... 15',. 5'i Montgomery Ward 9'2 Nash Motors 15',i National Bellns Hess National Biscuit Co 42 National Cash Register A 11 National Dairy Products 28 National Power 6t Light 14 ' Nevada Cons. Copper 4!a New York central v : N.Y..N.H. At Hartford 22 North American Northern Pucific 17 Ohio Oil 6 ' Packard Motor 'S Pacific Gas & Electric 3 Paramount-Pupllx 8': fennsyivania ittt 1 1 fenncy u. u.i " I Peoples Cbs 03 Philips Petroleum 6l,j PlIlKbury Flour Public Service of N. J 55 Pullman 20!i Pure OH Radio Corp. of Am Radto-Kelth-Orphcum A , Reo Motor Car Reynolds Tobacco B Sears Roebtick Shell Union Oil Simmons Company Sinclair Consolidated OH Socony-Vacuum Southern Pacific Southern Railway Standard Brands Standard Gas Ac Electric . Standard Oil of Cal Standard OH of N. J. ... Studebakcr Corp 7 .. 2 , 37 li ... 31 3'i .. B'i, .... U . 24' . 8' 2H-, Texas Corp 11H i ex as uun z. nmsen itniier Hearing to Tranaamerlca Pnion Carbide 324 Union Pacific 76'i United Aircraft 13 united corporation b unitea rruit -, United Gas Improvement I91i United States Hubtir 4 unuea oiaves oveei ts Warner Brothers Pictures 33i Western Union , 41 Wrstlnghouse Air Brake . westlnghouse El ec trio Woolworth (F.W.) Worthlngton Pump ariTCTrn ct nii stocks 27'i A2K American Light Ht Traction American Superpower Associated Oas A Draslllan Traction L& P Cities Service Cord Corp Crocker Wheeler Electric Bond At Share Ford Motor Ltd Pox Theaters A Ooldman Saitts Trading Ouir Oil of Pa. Humble Oil Newmonl Mining , Niagara Hudson Power . Pcuuroad Sheaf fer Penn Standard Oil oi Indiana Swift At Co United Founders , United Oss Corporation United Light iL Power A Utilities Power A; Light J'4 10', s;: ih. nrtnrlnnl oitrtl for m.U Qtmn tltlr. All tH-cnslonal Inqiilrrr Rubmlti bldn. but ki'p.rrnlly mont of the In tfrnt In .ly.vable quantlttra of wool I. not uryrnt u the rrfu?als of btdi .re not being followed by buyer. r.l.ln. then, limit,. The eMtmmea re celpt of domestic wool At Boston dur ing the week ending March 19 amount ed to 11.7l'.t.oou lus. compared wi.n 1.526.00O Iba. prevloua wck. rOKTI. M Kl OAK, I I Ol R Portland, March Jl Hi Cane augar, grnnulaled 14 36 cwt., beet M.15. Domestic flour, aetllng price delly- errd: Hatent 4 IS 00; Ma .1 40. Dnk- ers' bluestem S 20; K)ft .'lilt. 14.50- 4 80; ry. 5.75-5 IU). ClllrAtin fiRMN Chicago, March 31 iuR Wheat hi- tures: open hluh low CllW. March .... May July old , July, new Sept.. old .1', M, 6'a 66', 58 m , 64', 66 65', 68 65 67 57;; ; 67' 6R. Sept., new . "1 68 6tfi ChU'HKO. March 21 r Cash wheat. No. 3 red 52'., No. 8 red 62'4, No. 2 hard 63, No. 2 yellow hard No. 1 northern spring qo'i, ro. d noriu ern spring Mllt o, 2 mixed 62 , No. 2 mixed 521!. Corn. No. 3 m'ed 3t;-32: No. 9 yellow 34-34: No. 3 yellow 31-32V- Outs. No. 2 white 22J4-2a; N'V 3 white 21 ,-22V K No 2. 44 V Har ley 42-61. Timothy seed SJ-U 25. Clo ver Mcd s)-M 75 Lard 34.72. ribs, bellies 35 37. a IRtMIMO IIrsT(( K San Francisco. March 21 HJR Hogs 675. Acme, l5-25c higher. Pour cats 150-170 lb. Calif, and Colo, butchers 5t0-35.76; lew 300-lb, packing sows 3 50. Cattle 650. direct 370. Open slow. later active, about steady. His cars lK0-966 lb. fed Texas p leers 37; three cars medium 945-lono lb, Nevadas 6 50-11 64). Bht stork scarce, top good cows 14 50, medium 3J, low cutters to, 1.50. Bulls 94 down. No calves, Quot ble too around S7. vealers 98. Sheep none. Good-choice lambs quotable to 98, good under 90 lbs. fed tamos quotaoie eu.ou. MVFKPOOI, HHKAT Liverpool. March 21 iupj Wheat fu tures. U. S. equivalenu baaed on 7-day grain Dills at m.m. open high low 65 close Marcn aa ddv4 Mav 66 6714 55 66 4 681. 61 July 6AJi 59 Oct 60','a 61' HAH SILVER New York, March 21 Bar Silver easy and t lower at 2B,c. WINNIPEG WHEAT Winnipeg, March 21 W) Wheat close: May 61. July 62 3, B, 628A, Oct. fl5i. Cash: No. 1 hard 61, Nor thern No. 1 61',; No. 2 67',, No. 3, 53,. HAY, ASt AHA HARK Portland, March 21 W Cascars bark, buying price 1931 peel 3c lb. Hay, buying price from producer: Alfalfa 914-915.50; clover 912; Willam ette valley timothy 915; eastern Ore gon timothy 919. Oats and vetch 913 per ton. SAN 1 HAM IS O APPLES San Francisco, March 21 (A') (State market news service. Apples, Califor nia: Newtown Pippins loose 9191.25; packed fancy 91.50-91.00. Washington: Wlncsaps, xf 91.25 91.60; fancy 91.10-91.25; Delicious, xf 91 75-92.25; fancy 91 50-91.75. Rome Beautys. fancy 91.10-91.35; C grade 90c-91. Oregon: Newtown Pippins C grade 9115-91.35; fancy 91-50-91.75; xf. 92 92.25. 8AN FRANCISCO STOCKS San Francisco. March 21 iu.Rj Prices were fractionally changed this morn ing on the San Frunclsco stock ex change and activity, which was con fined to a selected list. vas asaln comparatively slow. Nearly 4000 shares of Transamerlca changed hands at 4. steady at Saturday's close. SAN FRANCISCO IHTTF1UAT San Francisco. March 21 iAt But- terfat, f.o.b. San Francisco 24c lb. SAN FRANCISCO DAIRY San Francisco. March 21 iupi But ter. 92 scoe 23c; 91 score 22'-,c: 90 score 22c. Eygs. extras, large l5Jic: n - jv, email Atva1-' viiceae I 13"aC lb. 3 .201 HRILII IRI IT; HOPS New York. March 21 Evaporr.t J, sied apples steady, choice 6-7; lancy o 2 '" - rf mie steauy, .aiii. a-u 'B c; Oregon 4',2-634c. Apricots steady, choice 84 ; extra choice 9c, f.mcy USc. Peaches steady, standard 7c, choire 7''4c; extra choice 7,ac. Hops steady, state nominal. Pacific coasi 1931, 1I1-20C, 1930, 16-17C. POUTl.AM Wlir.AT Portland, March 21 iA', Wheat fu tures; open high low clote May 54 54'i S4', 54U July 65'v 55:; 55'i 5j'2 Sent. 55'i 55'i 55', 5j'4 Cash wlieat: Big Bend Blucstein 62'; soft white, western white 53; hard winter, northern spring, western red 51. Oats. No. 2 white $22.50 Car reccluts. wheat fid. rinur 9t mm COAST WOOL CLIP SALES STAGNANT Portland, March 21 n General lack of sales ot the 1932 wool clip continued to reflect the almost gen eral stagnation of the fleece mar ket throughout the country, as wool snearmg is about to start In Yak lma and the Horse Heaven coun try. Shearing In central and east ern Oregon and In the Willamette valley Is not due for a couple of weeks unless the weather suddenly turns warm. Doston buyers have been cn the coast Jor several weeks but have done practically no business. The slowness of sales In Boston con tinues tile chief worry in the do mestic trade. ForciKn markeu ro. cently have been inclined to show more or less su-adfness. BANK IN MEDFORD CLOSED BY SCHRAMM Medford. Ore., March 31 (Pi Fol lowing heavy withdrawals of de. posits, attributed by state banking ouiciais to -wnisperlng cam paign,' Uie Jackson county bank today voluntarily transferred its accounts to the First National bank of Medford on waivers of deposits. Waivers totaling $257,000 were signed Sunday and the First Na tional today assumed the obliga tion to pay half ot the deposit liability. The Jackson county bank, with deposits of over a million dollars, had been subject to withdrawals which mounted last Saturday and resulted In the calling of A. A. Schramm, state bank superinten dent. Other banks of the cltv were not affected by the condition Accord ing to the Jackson county bank's statement at the close of business December 31. 1831. resources to taled $1,263,872. Savings deposits amounted to $355,366, and demand deposits $645,593. TAX TABULATIONS SHOW BIG DECREASE Washington, March 21 (to Con tinued decreases In Income tax col lections tills year were recorded In the treasury statement today. The total receipts for the month thru last Friday were placed at $152.- 428.074. a reduction of $86,693,907 from the corresponding total for last year. The 1931 figure was $239,123,981. The collections for March 18 were $27.846.167 07, the total for the corresponding day last year being $44,105,314. Collections tabulated on March IS payments brought the four-day total to $130,375,465.95. Last year the four-dav total was approxi mately $192,000,000 I.IVF.S AFTKR FAIL Lenoir, N. C . Still living hert af ter a 900-foot fall Roy Hunter, Rutherford, is on the road to recov ery In a hospital here. He lost control ot hts ear at Robbtns Gap and fell 900 feet down a mountain. overturning at least 35 times. Hunt er sustained Injuries, serious but not fatal. Exports of raw cotton from the United States last year totaled ,318,000 balrs. EXPORT DEMAND HOLDS WHEAT PRICES STEADY Chicago, March 21 (P Firmness developed In grain prices today, largely because ot more activity in North American wheat export de mand, purchases for overseas total ing 1,000,000 bushels. A stimulating feature was that the Argentine wheat market showed pronounced strength, going to a premium over Kansas City, com pared with a recent discount of blA cents. An additional bullish influ ence as 2,026,000 bushels falling off In the United States wheat visible supply total, compared with a week ago. Wheat closed steadfast, at the day s top level, 1 to 1 5-8 over Sat urdays finish, corn 4 to 6-8 up, oats Vj to 5-8 advanced, and provi sions varying from 3 cents decline to a rise of 10 cents. Announcement that France had raised her wheat import quota 5 per cent helped give an upward trend to grain values today. Statements cre dited to Chairman Stone of the fed eral farm board that proposals to finance United States wheat sales abroad implied no suggestion of dumping in Europe or elsewhere, acted as a strengthening factor. Op ening unchanged to J,ic hishsv, wheat advanced all around. Corn started unchanged to 3-8c up and showed a general rise. Portland, March 2i (&) On the Portland futures market trade to taled 6000 bushels of May wheat. That option was up ' cent at the closing with July unchanged and September i cent lower. On the merchants' exchange cash wheat gained J cent bushel. Skeleton of Oldest Modern Type of Man London, March 21 iltt Proof that ! the "Oldowny man," whose skeleton was found in Tanganyika, East Af rica, in 1913, is tne oldest modern tvpo i man yet known, has been discovered by an expedition now ex ploring there, according to A. T. Hopwood of the London museum of natural imtory. Tools and other objects found by the Tanganyika expedition, he said, indicate that the Oldoway man equalled culturally the Heidelberg man. Although it would be Impossible to date the Oldoway man accurately, he said, and "he might be 100.000 or 1,000,000 years old," he is "infinitely older than anything yet found," al though there have been older frag ments of skeletons. WATER MAROONS SMITH'S LIVESTOCK Eighty head of hogs, 25 head of cattle and six horses are marooned on high ground on the ranch oi Commissioner J. E. Smith at Weston landing near St. Paul with a rise of three more feet In the river suf ficient to sweep them away. cording to word received Sunday by the commissioner from his son on the ranch. When the son telephoned Sunday he told of the stock being out on the high ground which had then been formed into an island by the raging waters which had swept over the lowlands on the ranch. The water had six feet to go at that time, he reported, to reach the livestock. Commissioner Smith stated that water there generally rises two or three feet after it starts going down here. Sunday afternoon. Smith stated, the gauge here showed the 20 foot mark plain ly, but Monday morning this was covered up and he said he wasn t sure but what the stock Is still in danger of being lost. PLAYHOUSE BUILT FOR PRINCESS BURNS Llandsgo, Wales, March 31 Ai The pretty life sited playhouse which th: Welsh people built lor little Princess Elizabeth, grand daughter of King George, was des troyed by fire today as It was being taken to London to b? presented to her. It burned along the roadside near here In spite of all the efforts of a bucket brigade formed by the villagers to put out the fire. The model of a Welsh cottage. large enough for the princess to play In and believed Id be the fin est of Its kind ever built, was being hauled on a trailer from Cardiff to London by a steam tractor. It was intended to be presented to the princess on her sixth birthday next month. The Duke and Duchess of York formally accepted the gift on her behalf at Cardiff last Wednesday. A complete set of furniture which was being transported separately was saved from destruction. FARM BOARD GRAIN OFFERED TO FRANCE Paris, March 91 Uft Oeorw S MlUiar, president of the United Slates giain stabilization board, is due here tomorrow to try to sell France 13,000,000 buneis of wheat to supply the country's needs be tween now and September. Millers have bern buying heavily from Canada and Arjentma In the past few mJn'hs and Mr. Milnor mill confer with Anibav.arU)r Edge about the pre peels of selling some farm board whrat. Air mall service between Havana and other leading cities of Cuba has i just occn inaugurated. , Potato Quotations Remain Unchanged Corvallis. March 21 W The po tato markets opened the week mostly steady with San Francisco maintaining quotations unchanged from the peak reached In the recent rise, according to the O. S. C. ex tension service and the U. 8. D. A, bureau of agricultural economics. Prices dropped slightly at Chi cago. Shipping markets were gen erally dull although Yakima re ported steady trading at prices mostly tl4 a ton. The terminal market was steady. Chicago was steady and quotations lower with Idahos at 1.35-1.45. On the Los Angeles market there were too few sales to establish a price, and San Francisco was steady and unchanged. STRENGTH OF RAILS HELPS STOCK LISTS New York, March 21 (LP) Rail road shares advanced on expecta tion of aid in meeting their obli gations in 1032 and prospect of higher earnings. Their strength bolstered the entire stock market. Trading, however, was light, being under the total of last Friday when sales fell below one and one-halt million shares. Atchison was a leader, rising two points on its car loadings report showing a &upstantial increase over the preceding week. Others of the group were up fractions to nearly two points. United States Steel was sold early In the day on adverse news the steel industry was down a point to per cent of capacity. Special issues were bid up one to f.vo p-'ims. Steel preferred rcse nearly two points on Investment buying. Pressure converged on Interna-i tional Match, Kreutjer and Toll sub sidiary, and the issue dropped to a new lov at 6?i, off 2'a points. Trading was resumed on the Stock holm exchange today, but opera tions were still banned in the Kreu ger group. General Motors was depressed to a new low. Receivership for two subsidiaries of P. & W. Grand-Silver Stores, Inc. P. & W. Grand 5-10 & 25 Cent stores and Isaac Silver & Bros., Inc. brought sharp declines into these Issues. American Telephone was bid up more than two points and Western Union a point, while the gas and electric utilities also made gains. Bonds were irregularly higher, featured by rails. Rubber futures broke to new record lows here and in London on failure of Anglo Dutch negotiators to arrive at a new restriction agreement. According to preliminary calcula tion, the Dow, Jones and Co., in dustrial average stood at 79.87, up 1.78 points; rail average at 33.72, up .79 point, and the utility average at 32.43, up .49 point. Sales totaled 900.000 shares, com pared with 1,400,000 shares last Friday. Aggregate market value of ten leading issues was $6,435, 3 35. 3 28. against $6,345,910,490 on Saturday, an increase of $88,445,835. FOSHAY GIVEN 15 YEARS FOR FRAUDS (Continued from page 1) prejudice were circulated against him. Attorneys for Foshay said they would appeal the case. A stay of 42 days was allowed for perfection of an appeal. The two trials were said to have cost the government $70,000. Ap proximately two tons of evidence was introduced and witnesses brought from all parts of the coun try. Seventeen counts of mail fraud were listed in Indictments against the men. The Jury found them guilty of four counts. Judge Moly neaux sentenced Foshay and Hen ley to five years on each count with one sentence running con currently and the other three con secutively. The government charged that the Foshay enterprises "wrote up" the value of their stock and engaged in other fraudulent transactions to obtain permits to sell stock in Ari zona and Oregon. Defense claimed the stock market break in 1929 was responsible for the collapse of the Foshay companies, and denied use of fraud in any transactions. CLERK TORTURED BY THREE THUGS Chicago, March 21 (IP) A month's work was ended today for three bandits who obtained the combination of a safe by threats of torture and escaped with ilO.OOO. Police said the plot was one of the most daring and carefully plan ned they had encountered. The men accosted Herman Saper- ston, assistant manager of a loop shoe store as he was about to enter his home with his wife and Mrs. Elizabeth Rosenthal, a friend. After forcing admission to the home the trio Informed Saperston they had shadowed him for a month and knew he was acquainted with the combination of the shoe (tore safe. Saperston refused to levcal It. but when they threatened to torture the two women, he gave In. Two ban dits guarded Saperston and the two women, while their comrade went to the shoe store. Two hours later the bandit re turned, and escaped with his com panions after cutting telephone wires. When Saperston and police reached the store they found the safe looted of 10.000 cash. HOP DATE (HINGED Mt. Angel The hop growers' meeting date has been set tor March 30 Instead of March 29 as at first named, as at the latter date the hop growers at Donald an holding a meeting. Henry Comoyer ot Sa lem and Otto Wellman of Mount Ar.gcl will be In charge. I PROTEST SLASH IN SALARIES OF COOP MANAGERS Washington, March 21 (JPi C. E. Huff of Chicago, president of the farmers national grain corporation, today defended the salaries paid officials of his organization. He told a senate committee only seven men In the corporation would be affected by the bill of Senator Borah, republican, Idaho, to cut farm board salaries and limit the pay of officials of borrowing or ganizations to $15,000. "The mishandling of a single day's business would cost as much as their combined salaries for the entire twelve months," Huff as serted, contending that executives "to be Induced to leave their own business must be paid reasonably adequate salaries." Dameron H. Williams, of Gas ton ia, N. C, a member of the American Cotton Shippers associa tion, told the committee consider ing the Borah bill "the farm board by unwise use of Its powers Is literally crushing the cooperative movement." Huff asserted there was no vot ing of salaries by grain corporation officials "out of which they could benefit" and said "Our concern lies In effectively doing the job with which we are entrusted." Referring to George S. Milnor. general manager, whose salary of $50,000 has been criticized, Huff said he did not know what the position of the corporation and Its wheat activities would have been if a man of "less experience, or less sound judgment" had been In charge "or had devoted himself less closely to the task." Huff said he believed the ccr- noration had beneficially affected the who!e price structure. EXPLOSIONTO CAUSE INQUIRY Springfield, 111., March 21 (LP Prompt inquiry was made today In the mysterious explosions which rocked the $1,000,000 high school building and injured a dozen per sons, several ccnously. Investigator i hunted trace of malefactors v ho are believed re sponsible for a recent series of dis astrous fires In ccnt.'al Illinois. Six firemen, a newspaper reporter, two high school students and sev eral townspeople were injured In the blasts which followed the out break of a small fire in the base ment of the building. The first explosion came after the group had entered the base ment to investigate the fire which proved to be of little consequence The force of ths blasts hurled sev eral men backward through an open door and shattered windows of the buildings and surrounding structures. Gas mains were broken by the explosion. After the first blast, a series of small detonations was caused by icniting gas. Amon? those most seriously In jured were Thornton Walker, re porter for the State Journal, Assist ant Fire Chief Harry Gurham, James Brown, a student. Fireman John Rupps and Fire Captain Carl Gaessler. Authorities were suspicious of a possible link with recent fires oc curring at Bloom field where seer al buildings were destroyed and at Lincoln where two persons died and a large section of the business dis trict was consumed. SUDDEN DEATH OF HENIGSTAD PROBED (Continued from page 1) vlous occasions from heart attacks. As the story Is pieced together by officers from talking with relatives and acquaintances Herlgstad had been drinking Saturday night at Scotts Mills, where he played In an orchestra for a dance. Follow ing tlie dance he drove the other members of the orchestra to their homes In Silveiton in his car and was returning to his home in the Lone Pine community when death overtook him. According to the Information gathered by the officers. Herlgstad's wife was with him in the car when they left Sllverton and they say she told them that the car ran out of gas at the point where It was found parked and that she got out and walked home, leaving Herlgstad in the car. The car was found parked at the bottom of a hill with the brakes set and the motor shut orr. There was no gas In the tank. Herlgstad was slumned down In the seat and there were no signs of struggle. Plans for the funeral have been lnld for 2 p. m. Tuesday at the i Jack Ekman funeral home In I Sllverton with Rev. B. A. Borovick I officiating. Interment will be In' Miller's cemetery. ! Glen Herlgstad was bom near! Coopcrstown, North Dakota, August ; 13, iwii, moving to the Sllverton i community with his parents 28 years , rko, wnere ne nas since lived. His tatner was Ncls Heriestad who died at Sllverton 10 years ago, and his mother, who died fou.-teen months! aeo. was Marie Ashlind-Herlistad i He Is survived by his wife, Emma! .Neuon-Herigstad. to whom he had been married for seven years. Mrs. Herlgstad was a Marquam girl. Oth- I ers surviving are four brothers, all I living In or near Sllverton, Ed. Carl. I wiuiam and Christopher, and bv, four sisters. Mrs Cora Johnson. Sll verton; Mrs. Dorothy Ottcsen. Seat tle; Mrs Marie Scott. CuId Creek Or . and Mis. Lillian Magee, S:otts Alius. F1RK TRI CK OVKRH.U'LED Miaila The Molalla volunteer firemen are having their fire truck overhauled and repainted. During this tune they have a truck with a pumper out from Portland to in sure protection for the town and surrounding community. George Emmert went in Thursday and drove the truck back. Hultenberg Opens Tire Store in City Carl Hultenberg, Seiberling tire distributor for Salem and vicinity, has remodeled the building at High and Center streets formerly occupied by Mack's Into an up-to-date tire service station. This new store Is for exclusive tire sales and service, and has new and modern equipment Mr. Hultenberg has been connect ed with the tire business for the past 12 years in wholesale and retail. Prior to starting business in Salem he was travelling factory representa tive for the Seiberling Rubber com pany In Oregon. He was formerly located at Front and Center streets. PATCHING UP FOLLOWS STORM Los Angeles, March 21 (LP) Southern California today repaired heavy property damage done by high winds which swept In from the sea to take one life and en danger shipping. A. W. Anthony, 45, was drowned when a large wave swept him from the San Pedro breakwater. Three other fishermen clung to the break water and were saved by life guards. The storm uprooted trees, tore down wires and broke windows over a large area. Three oil derricks were blown over on Signal Hill, Long Bench, but fire from high tension wires which they carried was averted. Passengers were taken from th 65-foot auxiliary schooner Aegir by the steamer C. Thrush of the Shep herd line after the Aegir sent out S. O. S. calls. The vessel was be in? towed to port by a coast guard cutter. Several hundred fishermen were marooned when unable to return to shore from their barces and small boats. Small vessels were driven to cover. The storm raced eastward over Arizona and New Mexico causing severe sandstorms. Weather bureau officials said it was caused by a, low pressure area over Colorado. KIDNAP NOTES ON CARRIER PIGEONS (Continued from page 1) bDotlerccr who he said decoded It. He said it read: "All lines unnfe. Kid in yacht Making no port. Well-trained care. Outside Uniled States Jurisdiction. Return bird.-' Ths police bulletin said further: "Several people were interviewed at these headquarters yesterday, purporting ts have Information concerning the case. In each of these instances the Information waa offered in confidence and this con fidence will be respected. AU of the information so received is now being investigated. "Following telephonic communi cation with Jersey city we find that Henry Johnson is still in the custody of Jersey City and has been continuously since his return to the Jersey City authorities last night. Indications are that he Is about to be turned over to the federal im migration authorities. "Investigators are out all over the state, following up information re ceived and no reports are available as yet from any of them." Jersey City, N. J, March 31 W Henry 'Red) Johnson, suitor of Betty Oow, the Lindbergh baby's nurse, was exonerated by local po lice today of any complicity in the kidnaping. Johnson was picked up in connection shortly alter the kid naping and was later subjected to lengthy examination here and in Newark. He was taken to Hopewell Satur day for questioning by Col. Charles A. Lindbergh and later returned here for grilling throughout the week-end. Chief ot Police Thomas Wolfe an nounced today Johnson was en tirely cleared and would be turned over to immigration authorities without delay. He said Fred John son, a brother, also had been ex onerated and would be given to the immigration men. Both brother! were said to have entered the coun try Illegally. Combines for cutting and thresh ing wheat, have Just been introduced Into England. BERMUDA ONION PLANTS We have the true Bermuda plants and they are extra nice and produce those ex tra fine quality Bermuda Onions. Also Cabbage, Lettuce, Rhubarb plants. SPRAY MATERIALS A Complete stock of the various sprays that you tise for Fruit Trees, Shrub bery, Plants, etc. All sited packages according to your needs. POULTRY FOODS We manufacture a com plete line of High Grade Poultry Feeds and pride ourselves on the quality we sell. It pays to use GOOD FEEDS. D.A.White & Sons Phone 4032, al Mate St