10
THE CAPITAL JOURNAL. SALEM. OREGON
WEDNESDAY, JUNE 14, 1933
BUTTER MART
STEADY ALONG
PACIFIC SLOPE
Portland, Ore., June 14 (LP) Trad
big in the butter market is gener
ally steady here and without price
change. The recent shading of low
score price has resulted in an In
creased demand for such supplies.
The recent shading of low score
price has resulted in an increased
demand for such supplies. Butter
lat at least steady.
Hot weather is creating more or
less erratic trade trend in the egg
market here and along the Pacific
slope generally. Prices here are con
tinued on a mixed basis with nom
inal quotations higher than other
points along the coast. Most sales
of eggs are being made lc below
the prices listed by local co-ops.
Market for live chickens con
tinues to reflect a weak tone here.
There was no further price change
for the day, some light broilers are
going into store arou: d 9c lb.
Hot weather is having its usual
slowing effect upon the country
meat trade. While there was no
change in the price list for the day,
all arrivals are moving out slowly.
Prices were generally held around
$1.60-1.75 for gold dollars and
$1.90 to $2 crate for the better
grade new Oregon strawberries dur
ing the day. Barrellers are starting
operations.
Shorter supplies of cantaloupes
are shown here with a general
closeup of good stuff. Only one
load arrived from the south during
the day. It was distributed among
the various factors.
First regular offering of home
grown celery was brought to Port
land from Labish. The stock was of
good size . and quality. Only small
stuff has been offered heretofore.
More than passing strength Is
shown for tomatoes and cucumbers
with advances In both lines.
Cochelle eggplant is being offer
ed $1.50 lug.
Bell peppers are firm at 25c lb,
for best.
Gooseberries are in good demand
up to 4c lb.
Baby lima beans are a trifle
easier.
Chicago, June 14 (I) Wheat val
ues tumbled about 2 cents a bushel
late today, owing largely to reports
of Argentine opposition to acreage
reduction moves at the world eco
nomic conference. Pessimism, as to
the conference outcome was express
ed by many tfaders. Weakness of
the stock market and a sharp de
cline in sterling were contributing
bearish factors.
Wheat closed nervous, 1-1 ',ic un
der yesterday's finish, corn Vt-Vk
down, oats 3-8 to off, and provi
sions at 12 -20c decline.
Affected by uncertainties of the
London economic conference, grain
prices underwent early setbacks.
Particular notice was taken of six
point fall in British exchange. Op
ening 3-8 to i down, wheat after
ward dropped further. Corn started
unchanged to off, and subse
quently showed an all around de
cline. DOLLAR RECOVERS
7 CENTS ABROAD
London, June 14 (P) Develop
ments In the war debt situation ex
pected to assist in currency nego
tiations were held responsible to
day for a recovery of 7fe cents in
the dollar quotation on the ex
change market.
Bears sold francs to cover dol
lars and the buying sent the rate
lrom an overnight of $4.15, to the
pound to a close of $4.08.
Paris, June 14 (P) The United
States dollar closed on' the foreign
exchange today at 21.U francs, up
32 centimes from yesterday's final
quotation.
Atone point In the day's dealings
the'rfollar rose to 21.18 francs, buoy,
ed by buying which brokers said
reflected expectation of stabiliza
tion nt the London economic con
ference. INDIAN MURDERED
BY FATHER-IN-LAW
Klamath Falls, Ore., June 14 (PI
The rise of a tribal war between the
California diggers and the Klamath
Indians was climaxed today with
tlie discovery of the body of Avin
Murdock near Williamson river.
Murdock, 33 year old Klamath In
dian, was stabbed over the heart
and died instantly Tuesday night.
Benjamin Tuper, 49 year old Kla
math Indian and father-in-law of
the slain man, was arrested in Kla
math Falls this morning and charg
ed with murder.
The feud, officers said, rose out of
an Inter-tribal marriage several
weeks ago. Murdock married Jose
phine Tuper, Benjamin Tuper's
daughter. The marriage increased a
tribal dislike between the two men,
Mrs. Murdock said she witnessed
the stabbing in her mother's ca
bin. She said her husband was in
toxicated at the time of his death.
Slump Will Result
In More Goiters
Toledo IP An increased crop of
goiters wil be one of the results of
the depression, In the opinion of
Dr. George J. Conley, Kansas City,
who spoke here before the annual
coventlon of the Ohio Society of
Osteopathic Physicians.
"One type of goiter," Dr. Con
ley said, "Is the direct result of
worry and nervous tension which
Is more pronounced In times of
stress.
"Even in the past, goiters of
this type have been more common
than in Europe, where, life Is more
leisurely."
MARKET QUOTATIONS
POIITI.AMI LIVESTOCK
Portland. June 14 W Cattle 125,
calves iu. mm.
Steers, good G-$G.85, common and
medium 3.75-(6.25. Heifers, goad
4-60 -$0.25, common find medium 3
$4.(30. Cows, good $4. 50-$5. 2 5, common-medium
1.60-$4.50. Bulls, good
3.25 -$3.75. cutters and medium $2.25
to $3,5. veaiers, good u-h.70, common-medium
3-$6.00. Calves good,
$5.50-$6, common-medium (2.50-95.
Hobs 150. Slow, steady.
Good 140-2U0 lbs. $5.35-85.50: 200-
250 lbs. 5. 10-35.50; oser 250 lbs. $4.50
to 85.25. Hows, good $8.75-34.50, med
ium 3.50-4. PlK. good 4-$6.
Sheep and lambs 250. Slow.
Lambs, good -choice $5.75-86, com
mon and medium $4-4.75. Wethers,
3.75-4.50. Ewes $2-r3.75.
PRO DUCK EXCHANGE
Portland. Juno 14 (U.pj The follow
ing prices were named to be effective
today :
Butter Cube extras 22c, standards
U1V-.C, prime iirsts 2l'3c, nrsts 20 c.
Eggs Pacific poultry producers'
selling prices: Oversize 20c. extras 18c.
mixed colors 17c, mediums 17c dozen.
WHOLESALE I' HICKS
Portland. June 14 U.R) These aro
prices retailers pay wholesalers, except
wiere oincrwise siaieu:
Butter Prints, extras 24c, stand
ards 23'c lb.
Buttcrftit Portland delivery: Grade
a zi-zzc lo. r'uriners' door delivery lil
22c lb. Sweet crcum 5c higher.
Cheese Selling price to Portland
retailers: Tillamook triplets 18c, loaf
10c lb. Tillamook selling price to
wholesalers, triplets 16c, loaf 17c lb.
Milk Contract price 4 percent,
Portland delivery, 91.75 cwt. B grade
creain 37'c lb.
Live poultry Portland delivery:
buying prices, heavy hens colored 4
lbs. 13c, mediums 11c, lights 10c.
Springs, light iy2 lbs. up 10c; colored
12-13C. Koosters 8c lb. Pekln ducks,
broilers 12-13c lb., old 10c, colored 10c
lb.
Dressed turkeys Nominal selling
price to retailers: Fresh arriving No.
1 toms 10-12C. hens 16-18c No. 2
hens 10-12c, toms 10-12c, culls 10-llc.
FKESII I HI IT
Cantaloupes Imperial valley pony
$2-92.50, standards 93-93.50; Jumbo
93.75-94 crate.
Strawberries Oregon Dollars $1.60
91.75 crate; Clark Seedling 92.25; New
Oregon 91-90-92.
Oranges Calif, navels 92.60-93.00;
place pucks 92-92.10 crate.
Grapefruit Imperial valley $1.75
92.85 case; Florida 93.50-94.
Lemons Calif. 96-90.75.
Limes Box of 100, 91.35.
Bananas Bunches 6c, hands 5c.
Cranberries Eastern 93-93-35 for V3
barrel.
Cherries Oregon early varieties 7
8c lb.
Watermelons Cal. Klondikcs 4c lb.
Apricots Calif. Koyul 91.25 lug.
I'KEsii vk;i;t,hu.ks
Potatoes Local 91.15-35; Deschutes
Gems $1.75, bakers 91.00; Yakima
Gems 91.50.
Peas Ijocal 3-3'2c lb.
New potatoes Calif. Garnets 2'A
2c lb., white 2:,c lb.
Cabbage Hed 4c lb. Calif. 3-3ac.
Onions Selling prlco to retailers:
Oregon 91-91.25 cental.
New onions Calif. Bermudas il.00
50-lb. crate; Calif. 40c lug; new jed
2c lb. Northwest 91.25-91.50.
caumiower ualli. 91.05 crate.
Cucumbers Hothouse 40c-$l doz.
Spinach Local 35c orange box.
lihubarb Outdoor l;c lb.
Peppers Florida 20-25c lb.
Southern yams 91.75 bushel.
Lettuce The Dalles dry 50-65C: lo
cal 50-60c crate.
jomalcies Hothouse xr 13c. choice
7ijC, fancy 10c; Texas 92.50-93 lug
repacked,
Eiiunlant Mexican-Florida 15c lb..
Mexican 93.50-75 repacked. I
ArtlcnoKes emir. 35-55C doz,
AsuaniKUH Walla Wulla. Kennc-
wlck 60c 12-lb. pyramid, mld-Colum-
bin 91 00-92 2 'A doz. pyramid; Brit-'
Ish Columbia 92 for 21,:, pyramid.
AllwVIN AMI IN HITS !S
Country meats Selling price to re
tailers: Country killed hogs, best but
chers under 150 lbs. 97-7liJc; veaiers
70-100 lbs. 7-7',ic; spring lambs 11V--12c;
yearlings 2-4c; heavy ewes 1
3c; medium cows Gc; canner cows
2U-3c; bulls 3 -5c lb. j
D-10 14 c lb. Bacon, fancy 19-20 V3c lb. !
jjeai laiu 1 lerce oamn iu'c id.
HOPS, WOOL
Hops Nominal, 1033 70-7BC lb.
Wool 1033 clip nominal: Willam
ette valley 21-23c lb. Eastern Oregon
17-zuc, souinern uiano iu-zuc id.
PORTLAND EAST SIDE MAHKET
Portland. June 14 tu.R) Somewhat
of a comeback was staged in the let
tuce deal during the Wednesday ses
sion of the east side market. While
sonic of the growers were not aware
of the changed situation and sold lo
cal stock down to 40-60C crate for
good quality. Lab Ish was getting up
10 iic L'inie.
Asparagus market was "shot" ns a
result of the liberal supplies nf other
vegetables, sales were l.ao-oo pyra
mid. Strawberries sold mostly ftl.DO-
92 for New Orcgons and 91.65-76 for
Gold Dollars.
Peas were being held at 3c lb. by
most growers but some sales were
made at 2'Ac.
First of the regular shipments of
cauliflower cut In the Troutdalc sec
tion were brought in and priced 91.40
for 12h. The same growers had a lib
eral supply of green or Italian broc
coli tit H5e lug.
Gooseberries were firmer up to 4c
lb. Black Tartarian cherries out of
'he Dalles were 60c for 12s.
Iabtsh celery was 91-25 dozen.
New potatoes from The Dalles con
tinued mostly 91-50 orange box. Cab
bage sales steady at 75-llOc for pony
crate of local and 2 -3c lb. for The
Dalles.
General prices ruled:
Turnips Local 30-35c: The Dalles
30-35C dw.. bunches.
Beets The Dalles 30-35C, local 30c
do?., bunches.
Peas The Dalles 2"a-3c lb.
Carrots Local 30-35c doz. bunches.
Potatoes I-ocal HOc cental: Yakima
No. 1 ftl.40 suck: Parkdale 91.60: Des
chutes 91.50 cental.
Uiiuuiitre 1.0CM huc pony cnue, inc
Dalles 91. 00-75 crate; red 4c lb.
I. fiery ixicnl hearts l.25-50 doz.
Onions No 1 91 suck; No. 2 60-75c
sack; Yakima 10c cental.
New onions crystal wax 60c lug.
lihubarb Local outdoor 35c apple
box.
Spinach Local 2nc oraugo box.
Radishes Local 10-15C doz. bunch
Asparagus Mid-Columbia No. 1 92-
92 25: No. 2. 91.50 pyramid.
Ktrawuerrles Ual t. 81.50 crate: ore.
92-91! 25; Great Dollar 91.75-92 crate.
Lettuce The Dalles fiO-HOc: local
40-50C crate; Lablsh 50c. Seattlo 40-60.
HAY, CASCAKA ItAltK
Portland. June 14 t Caseurn bark
uuying pi He 1032 peel 3c lb
nay. miYiug prices irom producers:
Altalfa 912-913: eastern Oregon tlm-
uny 91 uo, on u una vctcu nay
l)l(li:i I in IT, Mors
New York, June 14 (A1) Evaporated
apples sternly, choice B',i-9c lb., fancy
7-7ljc lb Primes steady, Calif. 4-ttc,
Oregon 6aH-6c lb. Apricots steady,
choice 83i-I'c extra choice Oc. fancy
0',,c lb. Peaches steady, standard 6ic.
choice 6Ji,c, extrn choice 6ic lb.
Hulslns steady loose Muscatels 2H
4,,(,c, choice to fancy seeded SVi-c.
seedless 3 -4c lb.
Hops firm Pacific const 1033 prime
to choice 83-86c, medium to prime
01-84c; 1931 prime to choice 7U-70C,
medium to prime 76 -78c lb
rilK AOO GI1AIN
Chicago, June 14 Ol.R) Wheat fu
tures: open high low close
July 704 7G4 764 753
Sept 7HH 78 77W 77 J
uee Hi' m'A ou',b HU'a
Chicago. June 14 i4 Wheat, No. 2
northern spring 75'.
Corn. No. 2 mixed 43. yellow 43-
44; No 2 yellow (old) 4-M; No. 2
white 434-441...
Oats. No. 3 White 2B'i-29; NO. 3!
white 27-2H. Barlev 30-55. Timothy
seed 92.75-93.25 cwt. Clover seed 97.50-
911-76 cwt. Lard 90.17; bellies 97.2a,
rillf'AGO LIVESTOCK
Chlcaco. June 14 A1 (U. 8 D. A.) !
Hogs ae.OttO; slow, 10-15c lower; 190- I
4UU IDS. OO-OU,
Cattle 12,000; not enough done to
make a market, sentiment 25c lower.
fed steers 95.25-96.50; yearlings held
above 97; talking 94.50-95 on medium
to strictly good veaiers. top 90.50.
Sheep 10,000; not established, few
sales 25c lower. Native ewe and we
ther lambs 97.25-75; throwout lambs
PORTLAND Fl.Ol lt. SUGAR
Portland, June 14 WT Cane sugar,
granulated 94.75 cwt. Fruit or berry
t.au, ueet augur i.oct cwt.
Domestic flour Selling price, mill
delivery 25 bbl. lots. Patent 40s 96.40:
90s 95.20; bakers' bluestcm 94.30-40;
sort white pastry patent 94.80; Mont
ana hard wheat, patent 95.20-96.40:
rye 94.00-94.70: whole wheat A3.25:
graham 93.70 bbl.
SAN FRANCISCO DAIRY
San Francisco. June 14 (U.pj Butter.
92 score 23c, 01 score 22c, 90 score
2IV3C lb. Eftgs, extra large 17'c, med.
171;, oiiiuii i'3c uoz. iiicese uc id.
PORTLAND (iltAlN
Portland. June 14 m Wheat fu
tures: open high low close
Juiy uu'a uuva
Sept 63 63,
59 'A 69
V2 02V2
Dec 60 60',
Cash wheat: No. 1 Big Bend Blue-
stem 08; dark hard winter 12". 69.
11 65; soft wlilte 60: hard winter
60; western white, northern spring.
western wnue dm.
Oats. No. 2 white 22.50. Corn. No.
2 yellow 922. Millrun standard $10.
car receipts: wheat 14, Hour 14,
barley 1, huy 1, corn 1.
SAN FRANCISCO Ilit'I'TlCRFAT
San Francisco June 14 il") Butter
fat f.o.b. San Francisco 23c lb.
HOST! IX WOOL
Boston, June 14 U.R) Wool prices
here were strong and stable. Eastern
wools fairly active at steady prices.
"Moderately higher prices are being
realized on an increased volume of
sales of the finer grades of western
grown wools," said the U. S. Dept. of
Alt. report. "The demand is particu
larly strong on the shorter combing
fine wools. Average French combing
4s and finer territory wools in orig
inal bags oring 0-07c scoureu Dasis.
while short French combing wools of
similar grade bring 63-05C Good Fr.
combing and average strictly combing
64s an dflner territory wools have re
alized 67-69C Eight and ten months
Texas wools are strong at 03 -65c,"
TIRE MAKERS RAISE
EMPLOYES WAGES
Akron, Ohio, June 14 (fF) A ten
percent wage Increase for 20,000 em
ployes effective July 2, was an
nounced by the Goodyear Tire and
Rubber company today.
Factories and offices in Akron,
Gadsden, Ala., and Los Angeles, as
well as all operating and distribut
ing personnel In the United States,
are included.
General Tire and Rubber company
employes will receive a 10 percent
increase June 15.
New York, June 14 (fl) Harvey
S. Firestone announced today all
his companies and stores through
out the country would increase pay
of employes ten per cent effective
tomorrow.
SALARY LEVEL IS
RESTORED BY BANK
San Francisco, June 14 (IP) With
restoration of salary cuts and dec
laration of ft $750,000 dividend on
the capital stock for the quarter
ending July 1, the Bank of America
today had taken the first steps in
returning to a normal business
basis.
Employes in lower wage brackets,
or 57 per cent of the personnel, are
affected Immediately by the upward
revision of salaries. The remaind
er will receive increases later, A. P.
Gianninl, chairman of the board
announced.
"We are on the road back to pros
perity," lie said. "Our employes
cooperated with the management's
economy program by accepting sal
ary cuts during times of stress, and
It is only right and proper that they
should share in the improvement
inrougn wage increases."
Salem Markets
Compiled from reports of Sa
lem dealers, for the piidanc
of Capital Journal readers.
(Revised Daily).
Wheat. No. 3 white 65. red sacked 65
bushel.
Feed oats S32 ton: milling oata 25
ton. feed barley C16-$20 ton.
Hogs, ton urades 140-1 (id lbs. S4 AO.
1(10-200 lbs 5 10. 200-2125 lbs. C3.S0.
225-250 lbs. $4.45. Sows 1.50-3.
i;imic Top steers 3'ii-4Uo b.. ton
cows l'2',a lb cull cutters 1-2C, mar
ket weak
Spring lambs, top 11)33 5c lb.
Dressed meats Top veal 6'?,c lb..
rough heavy 5c lb. Top hogs 120 lbs,
6l4c lb Other grades 3-4c lb.
rounry Light liens Be medium Be
lb heavy hens 11c. Leghorn broiler
12c 10. colored broilers 13c. Stags
be old roo.iicrs 4c lb
Kks Medium 1 lc. standards 12c.
extras 13c dozen,
Hutter cubes 21 'jC, prints 23"jC
cartons 24c lb. Butterfat 20-2lc lb.
Cheese Selling price Mtrlon coun
ty triplet I1-12C, loal 13c lb.
WOOL. MOII.MIl
Wool Course 31c lb medium 23c.
Mohair 12c lb.
THOMAS F. BOYLAN
OF PENDLETON DIES
Portland, June 14 try-Thomas F.
Boylcn, 71, prominent eastern Ore
gon stockman and a resident of
Pendleton for 52 years, died at a
hospital here Tuesday. He was born
In Quebec in 1862.
Boylen came to Oregon in 1881,
crossing the plains with a wagon
train, and Immediately settled at
Pendleton.
He Is survived by his widow, Mrs.
Nettie K. Boylen of Pendleton: three
daughters, Mrs. Lester B. Cronin
and Mrs. William H. Buelt of Pen
dleton, and Mrs. Henry J. Childs of
Pasadenn; three sons, Thomas Boy
len Jr., and Eugene M. Boylen of
Pendleton and Dr. Ernest L. Boylen
of Portland; and a sister, Mrs. Ag
nes Hulburt of Mlnneaplols.
Dallas Deputy Sheriff Williams
arrested Irvie Tom, Grand Ronde,
for assault and battery, Tom plead
ed guilty at his appearance in Jus
tice court and was fined $30. He was
confined in the county Jail pend
ing payment of the fine.
WELLS PREDICTS
HEAVY CHERRY
CROP IN VALLEY
L. H. Wells, cherry shipper hare
from Portland today, stated he ex
pected to carry on his ninth year
of cherry shipping from Salem this
year, and his fifth consecutive year
from the Terminal Ice & Storage
plant where he has maintained a
pre-cooling plant for his cherry
shipments during that period.
Shipping from Lcwiston, Ida., will
start next Monday, June 19, when
he expects to roll the first car out
from his plant there. He stated he
does not expect the Salem deal to
start until July 5. He plans to make
his a cash deal as usual.
He states he has been out over
the valley and believes that unless
there is an extra heavy slough there
will be a crop something like 1926,
one of the big crop years. The crop
at Eugene, he says, is very heavy.
The California crop, he states, is
late this year and expects the peak
there about June 25.
All his references are to black
cherries and he gives the following
estimates as to crops and shipments
from various localities: Lewlston, 75
percent of a crop; The Dalles a bet
ter crop than the last two years
with 65 to 70 cars expected; Milton
Prcewater, 65 to 70 cars expected;
Wcnatchee, 200 cars expected, and
Yakima 275 cars.
BRIDGE PROJECT
STOUTLY FOUGHT
Portland, June 14 (LP) Opposi
tion by The Dalles residents and
groups to construction of a bridge
over the Columbia river and Celilo
canal four miles cast of The Dalles
featured a hearing yesterday before
Major O. O. Kuentz, district engin
eer of the army corps.
The Dalles Bridge company of
Goldendale, Wash., which has pe
titioned to build the bridge, was
represented by E. M. Chandler of
Olympia, Wash.
His firm proposes to erect a struc
ture with a vertical clearance of
73 feet above low water over the
main channel of the river, and a
span of the single lead rolling lift
type with a vertical clearance of
15 feet above the canal.
W. S. Nelson, secretary of The
Dalles-Wasco county chamber of
commerce, said that the city of
The Dalles had received congres
sional authority to build a bridge
there. He asked for more time dur
ing which the city could determine
if it is able to build a bridge be
fore granting the rival permit. He
said proposed power dams on the
Columbia would submerge the other
bridge, If built. ,
O. T. Smith of The Dalles, ferry
boat operator, opposed the permit.'
Major Kuentz will submit his
findings to the division engineer's
office at San Francisco. Final de
cision will come from Washington.
YOUNG TURKEYS
TO FEEDON RANGE
Bend, Ore., Juno 14 fp) On their
way to the Klamath country, 2,000
young turkeys passed through Bend
Tuesday, the first of 6,000 birds to
be taken to the Klamath "marsh"
where they will be turned loose on
the ranges and herded like sheep
or cattle.
The stx-week-old turkeys were
transported In a truck built Into a
huge coop seven decks high and six
sections long, in charge of J. M.
Griffin of Tangent, owner of the
birds.
Griffin said the land won't have
to be leased, as the Klamath fann
ers are eager to have the turkeys
on their land to rid the country
of destructive grasshoppers.
FALLS CITY GUESTS
Falls City Mrs. Archie Montgom
ery of Cloverdale and Mrs. George
Harris of Philomath are visiting
their parents, Mr. and Mrs. Estey
this week. Mrs. Estey Is Just recov
ering from a very serious illness.
LOGGNG KKSUMED
Lyons Trask and Roland Berry
went to the Sulivan logging camp at
Mill City Monday where they will
be employed with their teams.
WHEW! IT'S HOT
The weather contributed Its bit to the other varieties of heat pro
duced at a senate committee's investigation of the house of Morgan.
It was suggested that coats be removed and J. P. Morgan gratefully
complied. Here he Is revealing an Immaculate expanse of white linen
crossed by equally white suspenders. (Associated Press Photo)
Worker Stole Car
For Jail Sentence
Merced, Cal. (IP) When Jess
Davis, 38, a San Francisco nickle
plate worker, was arrested near here,
in an allegedly stolen automobile,
he explained he had taken the ma
chine so he could get a sentence
in the Merced county Jail.
He changed his mind and asked
for probation when court officials
told him automobile tneit called
for a sentence to San Qucntin
Prison instead of the county jail.
PAYS DIVIDEND
San Francisco, June 14 (JF)
Bank of America stock was back on
a dividend basis today with the an
nouncement by the board of direc
tors that a dividend of $750,000 for
the quarter ending July 1 had been
declared.
The directors also announced a
policy of restoring salary cuts would
be instituted, beginning with em
ployes in the lower salary brackets.
The action was the first step to
ward carrying into effect a policy
of conducting business "on a nor
mal basis announced by A. P. Gi
annnini, chairman of the board,
last week.
The dividend payment will be
the first since 1931. A dividend of
37' a cents a share on 2,000,000
shares outstanding of which Trans
America corporation owns more
than 99 per cent. It will be payable
July 17 to stockholders of record
June 20.
Gianninl announced that the up
ward revision of salaries will im
mediately affect 2,200 employes
through restoration of salary cuts
in the first adjusted bracket.
Commenting on the two-fold ac
tion of the board of directors,
Giannini said:
"During the latter period of the
depression, directors suspended di
vidends in order that all earnings
might be devoted to augmenting
surplus and reserves. In addition,
employes cooperated with the man
agement's economy program by ac
cepting a salary reduction on a gra
duated scale.
"But today we are on the right
road back to good times, and the
unusual means which were employ
ed to meet unusual conditions are
no longer entirely necessary or de
sirable. Now that business is def
initely on the uptrend, it Is right
and propery that employes should
share in the improvement through
salary increases, and that dividends
should be resumed.
O.F
DIES OF PNEUMONIA
Mrs. Modjeska Hutchens John
son, aged 36, who came to Salem
with her husband, O. F. Johnson,
from Minto, S. D., five years ago,
passed away at her home on West
Lincoln street Tuesday afternoon.
The end came suddenly from a
heart attack induced by pneumonia
with which she had been suffering
for more than a week. Pending
the arrival of Mrs, Johnson's par
ents, Mr. and Mrs. William E. Hut
chens of Marion, Ohio, funeral ar
rangements arc being held in abey
ance. The body is in charge of
Rlgdons.
In addition to her husband and
her parents, Mrs. Johnson is sur
vived by three children, Marjorie
Ann, 12, John Hutchens, 9, and Eli
zabeth Jane, l!- years, and a brother-in-law,
R. F. Groening.
Mrs. Johnson's death is the third
in the family within less than a
year, Mrs. Groening, a sister, hav
ing passed away January 26, 1933,
while Carl Johnson, a brother of
O. F. Johnson died October 24,
1932 as the result of an automobile
accident near San Antonio, Texas.
Trustees Abolish
Music Department
Merced, Cal. (LP) Music may
have charms to soothe the savage
beast, but not those of the trustees
of the Merced Union High school
district.
The trustees, easting about for
ways and means of reducing
school expenses, abolished the en
tire music department, which in
cluded four full-time teachers.
IN WASHINGTON
FILBERT CROP
Ti
TO BE LARGER
Portland, June 14 (JP) The Jour
nal said today that while the con
dition of the crop is not yet suffi
ciently shown to indicate a complete
lineup of the 1933 prospects, "there
is every likelihood of a real short
age m filberts in Oregon and Wash
ington, which is a condition world
wide this season.
The prospects for walnuts Is said
to be slightly better than a year ago
except for Franquettes which blos
somed late. California prospects are
said to be for a yield of 50 to 70
percent of last year's walnut crop,
which was the second largest in the
history of the industry there.
Hary Timpson of the food brok
erage firm of Bridges & Timson of
New York, visited Portland for the
annual meeting of the North Pacific
Nut Growers, and said Oregon wal
nuts and filberts ore finding more
favor with eastern consumers.
Ira C. Powell of Monmouth was
elected president of the Nut Grow
ers' Association; R. A. Duncan of
Portland, vice president; E. S. Stro
ther, Newberg, secretary-treasurer,
and W. H. Bentley of Dundee, sales
manager.
Directors are F. W. Meyer, Dun
dee; W. G. Brown, Portland; R. P.
Nixon, Forest Grove; E. B. Edes,
Lebanon; W. C. Burkhart, Albany;
A. L. Matthews, Amity; C. A. Mc-
Cullough, Amity; A. L. Page, Jeffer
son; Sam Brown, Gervais; A. P.
Adams, Salem; A. E. Wright, Mc
Minnville; C. D. Ott, Gaston, and
George Cordwell. Vancouver, Wash.
PLAN TO BUILD
L
Bids are expected to be opened
soon on a memorial chapel the first
unit of the proposed $1,000,000 col
lege to be erected near Sheridan by
the Order of Jesuits. Judge P. H.
D'Arcy, chairman of the building
committee, who is to receive the
bids stated contracts were expected
to be awarded soon but the exact
date is still indefinite dependent
upon when the committee can get
together.
Judge D Arcv stated it is the plan
to complete the memorial chapel
first before going ahead in carrying
out the plans as to the rest of the
group of buildings which will be
come a show place on a magnificent
site near Sheridan. The site already
nas been secured.
This will be one of the largest
schools of its kind in the United
States and the order has been lay
ing plans for years for its develop
ment. Bids are to be received in
Salem and it is expected when the
committee meets it will meet here
to consider them and award the
contract. Judge D'Arcy staled he
was not certain as to just how much
it was planned to expend on the
memorial chapel but it is expected
to be a building worthy of the
general group.
BEER TO BE SOLD
IN FIFTY PLACES
While in the absence of accurate
information as to federal retail li
censes Issued locally it was impos
sible today to determine the number
of dealers in Salem who plan to sell
3.2 beer, it is estimated that there
will be more than 50 places of busi
ness dispensing the beverage in bot
tles or by the glass when its sale
becomes legal in the city tomorrow.
Wholesale distributors report that
fully that number of grocery stores,
restaurants, confectlonaries, hotels
and other establishments have or
dered and been supplied with beer
durjng the past week.
The ordinance enacted by the
council June 5 exempting non-intoxicating
beverages from the ban
of the city's prohibition enforcement
ordinance goes into effect at mid
night tonight, according to Chris
KOwitz, city attorney.
Continuation Of
Debt Payment
From Page One
(ions and of the payment I have no
ruircniml VioeUaHnri In Kfivini? thftt. T
do not characterize the resultant
situation as a default."
Great Britain's determination on
part payment was communicated to
tiio TtnUpri Rtntps in n iintp reDlvins
to the reminder that this govern
ment sent out June 9, notif iylng the
debtor nations that payment was
due June 15.
The British note pointed out that
a speedy conclusion of the war debt
situation was necessary if results
were to be obtained at the world
economic conference now under way
in London.
London, June 14 JPi President
Roosevelt's reply to British propos
als for meeting tomorrow's debt
payment, as received in London, is
satisfactory to the British minis
ters. It was understood in parlia
mentary circles tonight.
Washington . .June 14 tVPt An
American note expressing a highly
conditional willingness to receive
Great Britain's offered partial war
debt payment sped today to the
London government.
The communication, prepared un
der President Roosevelt's super
vision, was given the British em
bassy by Acting Secretary William
Phillips.
It was understood to stipulate
that the American government is
willing to place the payment in its
treasury if there is an explicit un
derstanding that the money Is onI
an installment on the $75,950,000
total due tomorrow and that such
action In no way Invalidates Amei
ica s claim to the unpaid remaindei
In no event will President Roose
velt take any action that can oe
construed as a condonement, even
Activity In Farming
Growing In Montana
Laurel, Mont. (LP) The rumble of
freight trucks and railroad cars in
Laurel has signalized a marked in
crease in agricultural activity. For
the first time in months large sales
of wheat to local elevators have
been reported, and In one week
8,000 bushels of grain were received.
The pick-up followed close on
price advances in the grain mar
kets. Bean sales also were on the
up-grade, with one grower deliver
ing 1,431 bags in one week.
Washington, June 14 (Radical
revision of the country's banking
methods after years of agitation to
correct conditions leading to banK
failures and contributing to finan
cial booms and crashes, will begin
to take shape immediately.
Senator Carter Glass bank re
form act, possibly the greatest piece
of permanent legislation enacted by
any recent congress is today be
coming law. president Roosevelt's
signature had been promised, and
he had called it "the best piece of
banking legislation since the reserve
board act."
In the flurry of getting the act
through congress, its main provi
sions has been obscured by the one
insuring people's checking and sav
ings deposits, but its far reaching
arms may alter the course of Amer
ican finance.
Under it, private banks such as
the recently investigated J. P. Mor
gan and company will have to quit
taking deposits or stop floating se
curities. AH national banks must separate
themselves completely within one
year from their securities corpora
tions Among the best known are
such as the National City Bank of
New York and Its National City
company, which figured extensively
in senate investigation, but hun
dreds of banks all over the country
have such affiliates.
The federal reserve system, great
est single channel for massing cred
it, is now given the power to shut
off this stream of money from mem
bers lending it to assist market
speculation. That will keep ihe
public's billions from being lent to
brokers for financing margin opera-
lions in a booming market.
The reserve board Is given the
power to remove from its member
banks, no matter where or how
small, officials whose policies are
illegal or even regarded "unsound."
The practice, fostered bv sharp
competition, of paying interest on
checkins accounts, is stopped. Re
serve member banks may no longer
make loans to their officers. Na
tional banks may operate branches
in slates which permit their own
banks to do so, reducing an advant
age neid by non-national institu
tions and allowing branch main
taining institutions to enter the na
tional fold.
Again curbing the power of the
private bankers, directors or part
ners of these firms are ordered off
the boards of all commercial banks.
Only the other day It was shown
that the Morgan firm's partners
alone were directors in 15 banks
with total assets just under four
billion dollars.
The deposit insurance provision
will protect customers of a bank
deemed sound, from January, 1934,
until 1936. After that only reserve
member banks will have the priv
ilege, a provision that is expected to
bring state banks generally into the
closely regulated system.
MILLION RATE CUT
BY OAS COMPANY
San Francisco, June 14 (LP) Com
mending the Southern California
Gas company for offering to slash
$1,000,000 from the annual charges,
the state railroad commission today
Issued a formal order reducing the
Los Angeles company's rates by that
amount.
The order, effective as of July 1,
requires the company to refund ap
proximately $375,000 to consumers.
The gas company was ordered last
November to make a $500,000 reduc
tion, but prepared to fight the deci
sion. When the U. S. supreme court
later upneid the railroad commission
in a similar case, A. B. MacBeth,
president of the company, filed an
offer to slash $1,000,000 from the
annual charges.
Students' English
Puzzles President
Lafayette, Iind. LP) President
Edward C. Elliott of Purdue Uni
versity wonders how so many stu
dents reach the university level
with so little control over the
English language."
"Most of the letters written me
by students are formless, Illegible,
illiterate scrawls." he said.
by implication, of either a partial
or total default.
Washington, June 14 (LP) Indica
tions that the United States would
receive approximately 10 per cent
of the war debt Installment due to
morrow from Great Britain, Italy
and Czechoslovakia developed today
In advance of formal announcement
of America's reply to the British
debt proposal.
It was understood also that the
payments would be made in silver.
An American note to London,
containing President Roosevelt's at
titude toward the British payment
plan, was dispatched to the British
embassy here. Announcement of
the text of the note and of the po
sition of both countries was sched
uled to be made simultaneously this
afternoon In the two capitals.
The British proposal was under
stood to be for a payment of about
10 per cent of the $75,950,000 due to
morrow or about the amount Bri
tain will receive from debtor coun
tries. It was indicated that Mr
Roosevelt would agree to receive
this sum, pending congressional ac
tion or arrangement of a conference
for a final debt settlement.
BANKING BILL
DESIGNED TO
END FAILURES
STOCKS RALLY
AFTER DECLINE
TO HHPS
New York, June 14 (LP The stock
market rallied in the last hour of
trading today and a majority of
issues crossed the previous closing
levels after an earlier decline of 1
to more than 3 points.
Stocks, bonds and commodities
reacted to the American dollar.
Late in the day it sank in terms of
foreign units.
In addition to the dollar decline,
the market had in Its favor the
outlook for a balanced budget and
early congress adjournment.
Bonds advanced with stocks in
the day.
Recoveries from the lows In
stocks ranged to above 6 points.
Allied chemical directors promis
ed a statement of "national and in
ternational importance" and the
stock promptly jumped from its
low of 115-i to 1216 up 3 net.
American Can rose more than 2
points from its low of 89; Ameri
can Telephone more than 3 points
from its low of 120; Auburn more
than 3 from 06; Case 4 points from
81 '4; Consolidated Gas 2 points
from 59 '.t; General Motors more
more than a point; N. Y. Central
nearly 2 points: Public Service 2
points; Union Pacific 4 points and
U. S. Steel nearly 2 points.
Chrysler was a feature in the
late dealings. It made a new high
for the year at up 1 points.
Johns Manville spurted 476 points
to a new 1933 top at 48. National
distillers jumped more than 3 points
net and a long list of others gained
1 to more than 2 points.
Trading was at a fast pace near
th close with tickers 7 minutes late.
Earlier in the session they were
abreast of the market.
Sales today were 5,550,000 shares
as against 6,300,000 shares yesterday.
Sales on the curb exchange were
1,080.000 shares as against 1,280.000
shares yesterday.
Dow, Jones averages showed in--dusirial
94.14 off .65; railroad 43.77
off .53, utility 35.88 off .18.
TO KEEP CHEMAWA
With the closing of the Salem In
dian school at Chemawa set for a
trifle over two weeks in the future,
no let-up is being made by the
chamber of commerce and others
interested in the retention of the
school though prospects are not so
bright.
In a telegram received by the
chamber of commerce Wednesday
morning from U. S. Senator Charles
L. McNary, he states that the com
missioner of Indian affairs says the
matter of closing the Indian school
Is still under consideration and ev
ery angle of the subject is being
studied and further investigation is
under way. The telegram quoted the
commissioner as declaring that it
has been found necessary to effect
additional economies which may
militate against the retention of the
school for the present. Senator Mc
Nary is scheduled for another con
ference with authorities in powef
Thursday.
RESIGNATION OF
A. M. FISH ACCEPTED
Portland, June 14 (LP) Resigna
tion of Arthur M. Fish, as research
director, was accepted by the game
commission Tuesday. Fish will re
main with the commission in an ad
visory capacity until September 1.
v. a. ixKJKwood was appointed
game warden at Diamond Lake.
The commission appropriated $250
for the campaign for sewage dis
posal plants in the Willamette val
ley. Laurence Smith was re-engaged to
survey and stock with fish isolated
lakes in the Cascades, but he will
be paid only $50 a monih. He will
enlist in the civilian conservation
corps and the government will
place four or five other "CCC" men
and horses under his direction.
Continuation Of
Showdown On Vets
From Page One
ident Roeevelt would sign it.
The modicifation to include Spanish-American
veterans was looked
on as a move by the administration
and its forces to take away from
the substitute enough votes to beat
it, as leaders previously were about
ready to concede its approval by
the senate.
The change made the outcome
more doubtful but advocates of the
Cutting-Steiwer proposal remained
confident they had a narrow mar
gin of votes to carry it.
An attack on the national econ
omy league by Senator Long, La,
democrat, drew from Senator Steiw-
er a statement that many of the
contributors to that organization
were listed as buyers of the "bar
gain counter offerings" from J. P.
Morgan and Company in the sen
ate's recent investigation.
Steiwer named among others,
John W. Davis, Charles E. Mitchell,
Silas H. Strawn, Alfred P. Sloan, B.
M. Baruch and Marshall Field.
Senator Connaliy, Texas democrat,
author of the original senate amend
ment limiting cuts to 25 percent,
announced he would support the
Byrnes proposal.
"We are given assurances of un
impeachable authority," he said,
"that if the senate adopts the Stei
wer amendment, a presidential veto
will strike down the whole bill.
"Then we will pass a continuing
resolution and the veterans will be
back where they were under the
economy bill."
BUILDINGS IMPROVED
Liberty William Zosel Is having
some of his buildinvs re-shingled. L.
V. Decatur is doing the work. Mr.
and Mrs. Bob Erickson are also
having improvements made on their
home.