THE 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