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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 21, 1931)
MEDFORD MATT, TRIBUNE.- MEDFORD. OREGOX, MONDAY, SEPTEMBER , 1931. PAGE TWO SHOR SELLING PROHIBITED N. Y. EXCHANGE .R..r;v- . - Britain's, Gold Suspension .- Causes ActionAppeal to - pipse , Denied Market Closes Slightly Lower NEW YORK, Sept. 31, (AF) The New York stock exchange governing MSfaFlmae'd"' 'notle "'- prohibiting short selling J tut before the market opened .today. ' . Just before the opening time the sloofc-cnang ticker -printed not ice saying the exchange would open as usual but that the governing com mittee. In view of the grave and serious emergency created by the (. jj pension of gold payments In Eng land at a meeting held early this morning resolved that la Its opinion fhort selling during, the present emergency would tend to bring out a condition of demoralization in which prices would not fairly reflect market values and therefore would violate the provisions of section 4 of article 17 of the constitution of the exchange. Keventy-two Stock Male Averages : (Copyright, 1B31, Standard Statistics : Company) '"Co 30 30 00 India ;Br'e Ut's Total Today 84.7k 81 134.81 S8.7X Prev. day 85.8 BO.S 130.4 87 WM ago 03.6 84.4 143.1 ' 98.1 Month ago 108.7 88.0 136.8 110.1 Year ago -.160.1 110.8 3J0.1 184 A NEW YORK, Sept. 31. (AP) The New York financial markets present ed a formidable front to the tidal wave of unrest which swept across tire-Atlantic today.: ... '. Officials of the stock exchange were deaf to urgent appeals from both at home and abroad to eloee . tint., market .today, Their Judgment was vindicated by .an unexpectedly : orderly aesaloln. The market surged j up vigorously after an opening slump of 1 to 7 points, showing gains of 1 to 0 In many Issues at ons time. . A secondary reaction In the late trading cancelled much of the ad vance and the list cloeed Irregularly lower with several losses of 1 to 4 points. Sales were about 4,600,000 shares. - , Today's dosing price for 17 sel ected atocks follow i American Can , 80 American T. T, ""'.j Anaconda ., , 18 Curtis Wright ,-, , , , a General Motors , t , 80 Int. T. & T. ' . 1714. Montgomery Ward ., lai, Paramount ; . ' Radio' . 1814 Southern Poo, 80 S. O. of Col. 83 B. O. of N. J. 83 H Trans Am. i , 8 United Aircraft ,., ., .,..,..... ,-lt V. a. Steel ii 80 Corp't Trust Shs. , S 8-yr. Fid. Trust 'f. Medford Pear Sales on New York Auction -om New York Daily Fruit Reporter, furnished to The Mail Tribune by the Fruitgrowers' League Rntember 1710 ears Medford Bartletts sold here today. Market slightly lower In spots. F ,,,, , ... Until nMara h-n- !!, ... .Ut September IB i car " i. Brand. Fifth Avenue Fancy Broadway Extra - Circle P Fancy .. - Olen Rosa Extra Olen Ivy Fancy Blue Maltese Cross Extra . Red Maltese Cross Fancy Polly Extras . Top O' Day - Blue Ooose Oregon Boac. Medfruco Extras Medfruco Fancy Bear Creek Extra .... Cub Fancy Crater Lake Extra - Crater Lake Fancy Bear Creek Extra Broadway Extra Fifth Avenue Fancy Gold Crest Extra . , Silver Crest Fancy . Palmer House Extra Olrcle P Fancy Silver Crest Fancy Olen Rosa Extra Olen Ivy, Fancy Dreadnaught Extra Protector Fancy . Olen Ivy Fancy Blue Maltese Cross Extra Red Maltese Cross Fancy , S. O. S. Del Rto Extra Brs . 830 . 830 , 830 , 308 , 310 . 173 , 343 , 3B4 , 178 . 830 . 308 , 318 . 103 . 330 . 834 . 198 . 430 . 80 . 310 . 43 . 170 . 194 . 838 . 830 . 338 . 391 . 378 , 87 147 41 . 448 , 744 car lloso pears sold here today. Market atrong ai 80s 90s 100s 110s 130s 138s 180s 188 180 . 390 348 340 S40 845 880 380 340 338 838 338 338 880 370 300 330 378 378 348 348 830 330 836 838 836 390 368 366 360 830 836 338 376 360 860 830 336 836 360 836 840 376 376 360 366 380 860 840 840 346 868 360 340 376 356 350 '340 350 388 346 860 836 388 248 340' 340 838 336 836 356 856 860 370 380 380 838 330 870 '36 380 380 330 336 83U 830 390 390 386 288 S36 310 365 340 345 830 390 360 360 336 340 845 836 330 835 390 390 390 286 286 340 340 816 836 815 325 310 825 836 886 835 818 318 330 315 388 366 386 366 340 340 340 340 280 366 240 346 390 390 390 390 800 810 810 830 300 316 335 330 396 286 330 335 318. 336 316 846 326 318 270 240 330 305 835 335 300 390 840 840 326 345 336 85Q 840 330 386 266 246 340 326 800 390 346 360 335 343 830 340 340 325 380 358 240 335 320 300 285 340 335 330 340 310 340, 335 830 245 330 340 340 810 305 306 200 326 345 350 id slightly Higher. 19M 210s Avg. 340 , 840 837 359 369 227 847 819 856 83V 880 200 341 329 332 294 287 331 840 826 838 317 846 V336 82U 348 211 334 318 187 333 297 824 378 . 210 310 200 200 380 350 338 320 206 196 BUTTER DEALERS PM PREMIUM; TOMATOES FIRM Craters Eruption First For Autumn The first "eruption" of the Craters olub for th fall season will take place at the Hotel Medford tonight at 6:30 p. m. The session will be In the form of a dinner meeting and the entertainment will be In charge of O. O. Alenderfsr, Leon Hasktns and Wm. Hammett. Soma Interest ing plana for the fall and winter months will be divulged and ever; Crater Is urged to b present. iA report of the' Craters participation In the Roseburg celebration last Sat urday will also be heard. It Is re ported that the Crater stunts in the parade scored big hit with not only the people of Douglas county, but the many visitors from all over the stata. 4 Rotarians Meet Tomorrow Noon An Important meeting of the Med-, ford Rotary club Is scheduled for tomorrow noon at the Hotel Med ford. The community service com mittee will have a new project to propose for adoption and every local Rotsrlan Is urged to be present. Chas. Wing will act as chairman of the meeting. Try a Butterhorn For Breakfast Ton '11 be surprised at their goodness. Made ai. only Fluhrer oaa make them. J PORTLAND, Sept. 21, (AP) But ter premiums of to to lb. are generally continued over the pro duce exchange price on the open market. Members of the exchange, while previously refusing to advance so-called official prices, have been paying the advance. General trading In the egg market u steady locally for the week's opening. Receipts are holding prac tically steady, with a slight increase of pullet stock In spots. No change In the price list. In general there continues a very well maintained tone and price In the market for cheese. For the week's opening there , was practically no change In the price of country killed meata In general. Wormy apples are under the ban In Oregon and shippers of apples Into this state without proper brand ing Is bringing trouble to receivers her. . . Reports indicate that the worm damage la the most severe In history at eastern Oregon-Washington points. LJ. K. Hale peaohea In good de mand at 70o to DOo box. Tomato market Is firmer and higher with more active call. Concord grapes are . practically steady. Huckleberry market continue low at 7q 80 lb. Onions are steady, both here and In the country. Oood cabbage la held steady. . . f . , Livestock. ' PORTLAND, Sept. 31 (AP) Cat tle 2880; calve 236; slow. Steer. 600-900 lb., good, 8.S0fl7.00; me dium, S36t50: common, 63.76a) 535; 000-1100 lbs., good. 8.607.00; medium, 660046.60; common, $3.60 5.00; 1100-1800 lbs., good, 88 25 a) 8.76; medium, 14.36 a 6.36. Heifers. 660-680 lbs. good, 66.608.00; me dium, 85 406.60; common, 88.36) 4.60. Cows, good, 84.36ia4.88: com mon and medium, 88.00 ia 456; low cutter and cut Mr. 1.00 3. 00. Bulls Cyearltngs excluded) good and choice (beef) $4.00)4.60: cutter, common and medium, 3.0O4 00. . Vealera (milk fed) good and oholce, 87.60a) 8.60: medium, 88.00 7.60: oull and oommon, 64.00 5.00: oalves, 380 800 lbs., good and choice, 66.00 8.00: common and medium, $3.60 a? 6.00 HOQ8 3000, Including 818 through; 36c lower on killers and 600 lower on feeders. Light light, 140-180 lbs.. good and choice. $e.00i6.7B. Light weight, 180-1R0 lb., good and choice, 6.soie.78: 180-200 lbs., good and oholce, 68.60 A 6.76; medium weight, aoonaao lbs. good and oholce. (6.76 6.76: 320-350 lbs., good and choice. 5.00S.an. Heavy weight, 3590-2SO lbs., good and choice, S00)8.00; 290-350 lbs gouu and choice. (4.76 6.75; packing sows. 876-800 lbs madlum and good, (4 00 i 8.00. Feeder and stocker pigs, 70-180 lbs., good and choice, $B.OOe6.00. SHKBP and LAMBS 1100, including 146 through; steady. Lambs 90 lbs. soiru, good and choice, (556 6.50; medium, (3.76A8.35: all weights, common. (3.0008.76 Tesrllng weth er 90-110 lbs, medium to choice. 3.00) 4.00. iwes. 90-130 lbs, me dium to choice, (1. 75 3.00: 130-160 lbs., medium to choice. (180 a) 1.78; all weight, cull and common, (100 1.60. Portland Produce PORTLAND, Or.. Sept. 91, (API BUTTER Prints, 93 score or better 33-83c; etsndards 30-Slo carton. BUTTBRFAT Ulreot to shippers, track 30-3 lc: stations No. 1, 97-30C. Portland delivery prices: Butterfat sour 81-390! sweet 34-860. EGOS Pacific Poultry Producer' selling prices: Fresh extra 98s; standard 35c; medium 30c; pullet leo. MILK Buying price, contract price: Orad B (3.17 Portland de livery and Inspection. Dairy Co-operative net pool prlo to producer (1.(6. COUNTRY MEATS - Selling price to ratalltra: Country-killed hogs. beet butchers under 100 lbs. 8-9 '-4 o vealers 80 to 120 lbs. 14c: yearling lamb 6-ac; spring lambs He; heavy N 4-6o; canner cowa 8-8c; bull j-to. MOHAIR Nominal buying price. 1931 clip, long hair 10c; kid 16c lb, LIVE POULTRY Net buying price: Heavy bens, colored 4 lbs. up 30c lb.; do. mediums 13o; light lie lb.; broilers under iM lbs. 30c; over l'i lbs, 10-300; colored 30o; No. 2 chick. en 7-8o; old roosters 7c; ducks, Pe- Lklns 18-lOc; geese 13-180. untunes seiung price to retail ers: Yakima globes (1-85; Oregon (3. POTATOES Local lo lb.; east ern Washington (158-1.36 cental. WOOL 1931 crop nomlual, Wil lamette valley 14-15c; eastern Oregon 11-160 lb. HAY Buying price from producer; Alfalfa (14.00-16.00; clover (10.00- 13.00; oat and vetch (10.00-11.00 ton Portland Wheat PORTLAND, Wheat: Open High Sept. (old) .47 .48 Sept. (new) AS', Dec. . .4944 May .53 Cash wheat: Big Bend bluestem Soft white Western white .. Hard winter Northern spring , Western red ........ Sept. 21. (AP) - Low .47!4 .49 .48 ii .49 -8 63 M Close .48 .49 .49 83 .61 Vi .47 .47 ; .48 .48 .45 Cats: No. 2 white, (18.00. Today's car receipts; wheat 110; flour 11; corn 6; oat 3; hay 8. 11 SUICIDES USB BY PORTLAND POLICE PORTLAND, Or., Sept. 31. (AP) Two suicide wer on polio records here today, though the Identity of ons was not known. Polios yesterday dragged the Wli lamett river below th Morrison bridge for th body of a man seen to leap off th bridge railing and disappear In th water, Chester Franklin, 30, theater door man, committed sulcld by shooting himself through the heed In the theater entrance, A not left In the box office gave no explanation of the deed. Portland Prof its Through Activity of Chamber of C. PORTLAND, Sept. 31. (AP) Tha chamber of commerce announced to day that 40 news firms have located here during the past year through the activity and aid of the ohamber. "These concern have meant lobe for 813 persona," the chamber Bald. "Of this total, 407 employes have families. Also, locations of these new ooncern her has meant an In crease of 1,337' In population, and (1.331,000 In Increased buying pow er." . STORY 1 (Continued Prom Pan On) of th empire. Th Nanking foreign office Instructed Alfred See, It chief delegate to the League of Nations, to lay China's case before the league council. Th Chinese delegate was requested to appeal for th leagu to tak Im mediate and appropriate action ac cording to the league covenant, and to causa Japanese troops to withdraw and preserve peace In the Far East, t'rge Intervention. Representatlvee of Chinese news agencies and newspapers, In th name of th nation's press, cabled th L gu of Nations, urging Intervention in Manchuria, wher "wanton lnva sion of thla peace-loving, law-abiding people showed utter disregard of the Washington treaty and Kellogg pact." O. T, Wang, foreign minuter, ad dressing th government's weekly me morial meeting, said: "We may lose our Uvea, w may lose our homesi but w can not surrender any part of th country inherited through centuries from our lor. fathers," Unnelghborly Art. Tal Ohl-Tao, a senior member of th Kulmlnteng, th largest political party In China and th organisation behind th Nationalist government. said: "Among the clvlllred nation It the way of on neighbor to help an other In time, of distress. When Japan was afflicted by tn earth quake of 1938 all nation. Including China, came to her aid. "Now China la gripped by terrible flood and confronted with a serious communist menses, but what 1 Ja pan doing to help bar sorely afflicted nelghborr HOLD SCANT HOPE FOR OCTOGENARlAf LOST IN THICKETS GRANTS PASS, Ore,. Sept. 31 (AP) Monday morning brought a general relaxation of the organized search for William Dahlberg, 83, missing for four days In the thickets and underbrush . of the upper Deer Creek valley. There woe but - scant hope that the elderly man who became sepa rated from a group of huckleberry pickers, survived the cold and rain In the hill. Today, however, hi wife. Mrs Wil liam Dahlberg, and their daughter, Edith, offered a (200 reward for the person who finds htm, hoping to continue tire search which has been conducted by more than 100 men ever since Dahlberg disappeared. The intensive and often repeated combing of the dense, bushy tangles in tha vicinity has made woodsmen familiar with the section doubt he would ever be found. Attempts to reach Isolated cabins in the hills that might otherwise be missed by the organ'red searohers, were made last night over radio station KMED at Medford. which broadcast at halt hour Intervals the description of the missing man and the clrci. .inces of his disappear OF TWENTY MILLIONTH Announced by muslo and sirens th twenty-millionth Ford arrived In Medford this morning from De troit, Mich., piloted by Col. O. D. Hilton ot Dearborn. In hla party were Chas. Thomp son, Stewart Qoodspeed and Mike Omolav. all of Detroit, . and F. E. Lundatrom, manager of the Ford agency In Portland, and O. J. Hub bard, manager . of the Lincoln divis ion. T.he men were all attired In bright blue coats and berets, adding a more festive atmosphere to the shining display of Fords. After parading through the streets for the enter tainment of the crowd which gath ered, the Fords were lined up be fore the local agency, where the driv en were greeted by Mayor E. M. Wil son, O. O, Alenderfer, president of the chamber of oommerce, Chief of Police McCredle, Mr. and Mrs. T. J. Fry of Trail, Jackson county's oldest Ford drivers; C. S. Gates and Oeorge Gates of O, K, Oatea Auto company and representatives of the press. Col. Hilton and party are on a transcontinental tour. Introducing the public to an "outstanding achievement 1a American industry." SWERVE ON PAVEMENT CAUSES FATAL CRASH BAKKR, Ore. Sept. 2!.. (AP) R. X. Llndley of North Powder was kill ed today five mile north ot Haines when hla automobile overturned on a curve. Track on the pavement Indicated th car swerved from one old of th highway to th other several times, left the road at a cul vert, rolled over a fence about 30 feet from the highway and landed on It top. Llndley was pinned be neath It. Ml neck was broken, . lUgulsr communication of Reames Chapter O. B. S , Wednesday evening, Sept. 33. Social night. Visiting member, welcome. HATTIB M. ALDEN, Secy. Special convocation of Cra ter Lak Chapter No. 93, R. A. M, Tuesday, Sept. 32nd. at 1:30 p.m. Work In M. M degree. Visitor welcora. By Order Of C. M. HOUSTON, H. P. OBO. B. ALDEN, Secretary, Radio Repairing ANY MAKE SET H. 0. PURU0KER tl.KCTRIC VnitlNfl CO. ? vr. Main Prion MJ BUSINESSSURVEY TOLD AT KIWAN1S CLUB BY L. REED "Most of th working people are making a much money today a thty did In 1U29, but they won't spend It for fear of uricmp.uyment," Leonard itecd of Seattle, assistant manager of tno United States cham'oer of com merce lu the western division, told members of the Klwanls club In meet ing at the Hotel Medford today noon his address on present business conditions. 'What we need today," Mr. Reed continued, "la mass psychology to cor rect the present lack of spending. It Is easy to arouse the masses In times of war, but difficult In times ot eco nomic stress." Depressions carry In themselves, he explained, the cure for themselves. The corrections must and will come. Demoralization of markets through Induction of artificial methods by the government. Mr, Reed cited aa an important cause of the present de. presslon. Tariff, war debt and taxes were also listed. He refuted the often advanced theory ot over-centralized wealth. stating that wealth la more equalized In the United State at the present time than during any period In the history of the world. Government participation In business, he pointed out as a very bad thing for a coun try, using Russia a an example. The high rate of taxes now existing in the United States, he Informed his audience, Is restroylng the economic freedom of the country and ruining the very foundation and principles upon which this country was established. There are in the United State, to day, Mr. Reed stated. 400,000 differ ent taxation units. The government is stifling the ambition of the In dividual and discouraging the estab lishment of business.' Turning to the tariff, which he described as a dltflcu'' question and one most misunderstood, he declared. "Tariff should be token out of poll- tics and made a definite economic Issue. Wealth '1 not' a matter of money, but of possessions, If we TOO LATE TO CLASSIFY FOR RENT Immediate possession - with cement floor, 4 acres good soil, good water, fine location, Fe.n Valley, 1H miles from highway J. I. Stewart, Medford, Route 4. FOR SALE 40 acres. 10 In cultiva tion, small house, 3 large chicken houses, good spring and garden spot, a miles north of Beagle posr o trice. Price $650, $260 cash, bal ance lone, loon. Mrs. Rose Pollard, Beagle. Ore. FOR SALE 1 bedstead, 1 mattress, 1 baby bed, dining table, 1 gas plate, a small heating stoves. 237 N-Central. SACRIFICE SALE A-room furnished on South Orange St.. pavement paid. Balance on Building s Loan $1600. payable $32.60 per mont.i. Owner will take $600 oaeh for equity. If you are looking for o steal don't pass up looking at this one. Will take small car, late model up to $300 on cash payment.. THE REAL ESTATE EXCHANGE 135 East 6th St. Phone 1406. FOR SALE .30-30 Winchester rifle. 1501 No. Riverside. FOR SALE Weaner pigs. Table Rock. Raipn wuaon, rnone m-x-i. WANTED Shoe shiner. Apply Ye Coffee Shoppe, isle Theater Bidg. FOR RENT Furnished house. So. Oregon Credit Bureau, Phone 730. NEW Diesel Engineering booklet Jut on the press, snowing pictures or the latest Packard Diesel airplane engine, automobile and truck n- gines, marine, shovel and station ary Diesels as well ae many othets pointing out the tremendous op portunities opening for the trained Diesel operator and mechanic. Wrltf for your copy. It Is free. HEMP HILL DIESEL ENGINEERING SCHOOLS. Westlake and Republican Streets, Seattle, Washington. LOST-nSaturday on 6th St., lady's kid giove. rnone 473. FOR RENT 4-room furnished house. water paid, $20. 816 W. and St. HAVE opening for 2 good Christmas card salesmen. Liberal commission paid dally. Marshall Printing Co, YOUNG man and several women to work spare time while taking busi ness course. Phone 860, Medford Business College. jfut up a trade barrier which offsets our efficiency, we aaven't wealth. We can't exclude people from our markets and expect them to pay u what they owe when they have noth ing but goods with which to pay." Mr. Reed advised all business men to participate in group work and to co-operate with the chambers or conv merce in an attempt to bring about better conditions. A large crowd attended the lunch eon to hear hla address.- The speaker was Introduced by Max Peiroe, pro gram chairman. VICTIM TURNS ON ALLEGED HOLDUP PORTLAND, Ore., Sept. ,.31 (AP) Badly bruised by blow from the man he la charged with attempting to rob, Elmer Johnson, 32, was undbr police guard at a local hospital to day, charged with assault and rob bery while armed with a dangerous weapon. Police held Steve Zeko, 38, Tony Buyos, 69, and Prank Banlcb. 49, as material witnesses when they refused to sign either complaints or state ments concerning the affair. Buyos was the on alleged to have struck Johnson. " Police said they were told Johnson tried to hold up Buyos and Banlch with a gun. Buyos said he hit John son about the head and shoulders with an Iron stove -shaker, tPAL EUGENE JUNIOR HIGH Wendall L, Van Loan, -former well known Instructor In the Medford senior high school faculty, la the new principal of the Roosevelt high school of Eugene, replacing H. W. Allison . who has been transferred to the senior high sohool teaching force of that city. Mr. Van Loan was an Instructor in the University of Oregon last year, and formerly taught at Mc Mlnnvllle, Salem and Medford, FOUNDED 1909 JACKSON COUNTY BUILDING & LOAN ASSOCIATION HOTEL CONVENIENT......... Located In the heart of the business end shop ping district. Three blocks from Theater Row. ECONOMICAL $1 AND $2 PEE DAT J. A. Cushman, Manager FOURTH AND ALDER PORTLAND Before buying shades let us give you an estimate W will save you money I Hal Window Shades Oil shades, guaranteed rollers all sizes to 36 inches wide, 6 feet long, finest quality, no seconds SOc each 5 colors to choose from tan, gray, ivory, light and dark green. KATHRYN LOCATELL Qivei attractive natural looking Permanent Waves. Tulip Oil Waves S6.50 Other Permanent $5.00 Shampoo and Finger Wave Short Hair, 75c 230 S. Central Phone 1374 v 8 Diversified Farming PAYS Farms maintaining cattle, hogs, poultry and, In some instances sheep or goats, are steadily replaoing the single-enterprise farm. Field products instead of being confined to one grain crop, alfalfa, or a one-root legume crop, include many varieties each planted in rotation to insure greatest soil fertilisation. Results of such progressive farm operation are to be seen at the list An nual Paclfle International Livestock Exposition, Portland, Oregon, October t4-Sl. Hire In addition to the great Land and Dairy Products Exhibits will be found millions of dollars worth of pure-bred Berf and Dairy Cattle, Hones, Sheep, Bogs Coats, Poultry and Rabbits competing for prised rib bons and a share In the Sioo.ono offered In Premiums. Endorsing whojeheartedly the trend toward greater diversification in farm ing activities we urge Rogue River Valley fanners to attend this year's Pa cific International. The Jackson CountyBank ESTABLISHED HIS Medford, Oregon Commercial Savings Safe Depotit
