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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 27, 1935)
lEDFOTlD MAIL TRIBUXE, ifEDFOKD; (TREGO'S', FRTTVXy. PTCOEMTVETf 27, AM IS CREDITED L Economic Recovery Dated From Shift in Income Caused by Triple A, De clares Administrator. NPf YORK, Dec. 37. (AP) Ches ter C. Davis, AAA administrator, sought to show today that Income redistribution "effected through the triple A, started general economic re covery." ' In a speech read before a Joint ses sion of the American Farm associa tion and the American Statistical assocatlon, Davis outlined the opera tions of the agricultural adjustment program and emphasized that a bal ance of Industrial and agricultural prices "la vital to tha recovery pro cess." "The operations that made up the agricultural adjustment program are not to be credited for the whole of the Improvement," Davs said. "Other national policies have contributed greatly, notably the devaluation of the dollar and farm credit relief. One Goal Hear bed "It is difficult to mcnsurc the rela tive Influences of the different causes of farm recovery; I simply wish to establish the fact that the AAA haa certainly accomplished one of Its declared objects: under it, farmers have Increased their In comes." He declared a measure of Indus trial recovery had followed farm re covery, and attributed "an Important part of the general improvement" to increased rural buying. Brought More Kniploj mcnt The AAA. he said, "caused more total consumption, and therefore cre ated more employment than any ! other redistribution of the national ' Income would have caused, and fail ure to divert more Income, to the I farmers would have delayed national i recovery Indefinitely." I "Fundamentally, the Idea that re distribution of Income In agricul ture's favor ha no effect on total spending assumes that the available national Income will be spent some how In any case. Concretely, It as sumes that what the city dweller does not spend for farm products he will spend for other goods. It Is true enough that Income and spending balance eventually. By shifting buy ing power to the farmers, the na tional government has, I believe, caused this buying power to come into the market for non-agricultural goods and services more fully than It would have done If the distribu tion of Income had been decided ex ecutively by a struggle between work men and employers. Earnings Shown Higher ."Food prices In 1935 were about 80 per cent of the 1928 level, having risen to that point from 60 per cent in 1D33. The average employed fac tory worker's earnings has also risen to about 80 per cent of the 1928 level. "The time sequence seems to give prima facie evidence that farm re rovery has promoted industrial recovery.-- It is highly significant that industrial payrolls and the average factory worker's earnings have In creased since 1933 in about the same proportion that farm incomes have increased." Due to Davis' inability to get to New York, his speech was read by W. F. Callander, assistant administra tor of AAA. E PORTLAND. Ore.. Dec. 27. (AP) There were no changes in butter, butterfat or egg quotations. Owing to the small supply of live chlckeus. higher prices will probably be forced for buying in the Imme diate future. Slightly lower tone was shown for hothouse tomatoes as a result of the opening of the selling season for Mexicans. Top Is 2 nominally for extra fancy 10s. Considerable strength was retained all through the market for country killed meats. Veal and hog receipt continued light. TINGE DF WEAKNESS SEEN IN TURK MART PORTLAND. Ore., Dec. 37. ( AP) A mixed tone, with a tinge of weak ness, entered . the Portland turkey market today. A message from New York that eight cars of Utah hena and torn went unsold at 28 cents was the bearish factor. The Portland market waa alow, with a suggestion the carryover wilt take care of most New Tear's needs. Quotations to producers were from 23 to 28 cents dressed. PAGE THREE Portland Wheat . Dec. 37 (AP) PORTLAND, Ore Grain; Wht: Open High Low May 87'; .871, .87 Dec .. .86lj .88 'i .88 Cash: Big Bend bluuitem (18 pct.)....1.a3 ClOM .87 .89 Big Bend bluestem . Dark hard winter (13 pet.).. Do (11 pet.) Soft white- Western white ..... Northern aprlng . ..L.. Hard winter Weatern red 1.20 V, . .95 , .86 . .85 . .86 . .87 A.I Oat No. 3 white, 832.50. Corn No. 3 eastern yellow, 30. Mlllriin. 817.50. Todays car receipts: Wheat, 37; Hour, 3; corn, 3; hay, 3. Chicago Wheat Pear Market Yesterday HEW YORK, Dec. 36. (AF-USDA, Market slightly stronger. One car arrived; 5 Oregon cars, 1 Washing ton unloaded; 1 car on track. Oregon Boscs : 978 boxes extra fancy, 2.05 53. 55. average $3.44: 461 fancy, $1.90 J 3.60. average. $3.3u; 699 fancy and better, 2.053.75; average, f3.47.' Oregon D'AnJous: 716 boxes extra fancy, C2.38ta3.90. average 13.55. Oregon Cornice : 360 boxes extra fancy. 1.85i2.07; average $1.98: 360 fancy, $1.43-3 1.80: average $1.67. No Chicago auction. CHICAGO, Dec. 37 (AP) Wheat: Open High Low Close Dec. . 1.08 1.08 1.014 1.03!i May 1.001, 1.00'i .98, .09!'. July '.89i .80 X, .88 H .89 SET Livestock Hubby Fined For Row Over Radio CHICAGO. Dec. 37. (AP) "1 wanted to listen to Christmas carols on the radio." Another Seller, 61, explained to the Judge. "I like 'em peace on earth and that sort ot thing. But my wife wanted to listen to dance music. So I hit her." Judge Francis Borelll made the fine $100. PORTLAND. Ore., Dec. 27. (AP) (USDA) HOGS: 100 Including 57 direct. Scattered sales around steady. Few good 200 lbs., $9.85; choice quot able $10; 240-250 lbs.. $9.50. Packing sows mostly $7.50. Choice light feed er pigs quotable to $10.25. CATTLE 50; calves 25, including 14 direct. Scattered talee around steady. Few light slaughter steers. $56.35. Odd hend dairy type heif ers $4if 5; low cutter and cutter cows $2.50 yi 3.75. Few common butcher cows $44.25; good beef cows quot able $5.50. Bulls salable around $4,5. Choice vealers quotable $8.50 and up. SHEEP 25: market nominally steady. Good to choice trucked lambs Rateable around $9.259.50. Medium yearlings quotable $5.506.50. Fat ewes saleable $4(?4.75. CHICAGO. Dec. 27. AP-USDA) HOOS 19,000: 15-s25c lower; top $10,10; desirable 140-200 lb.. $9.85. 10: few 260-300 lbs., $9.25 3 .60; sows $3.25 .50. CATTLE 2,500; very slow trade on fed steers and yearlings, demand ap parently narrow and Indications pointing to Incomplete clearance of sizeable Friday quota; bulk of run $8i4 11; best held above $14: heifers about steady; 900 lb. heifers $9.50; cows, bulls and vealers steady; stock era and feeders nominal, SHEEP 10.000; little done: aaklng prices and Indications on slaughter lambs around steady; bids 25c lower being refused; aged sheep and feed ing lambs Indications around steady; bids good to choice native and fed western lambs J 11. 25 & .40; asking $11.50 to $11.65 and upward; talking $4.50 5 on most native ewes. Portland Produce Wall St. Report I WWMIUBKMRUMLI 1 Will NEW YORK. Dec. 27. ( AP) A last-mlnute profit talcing drive un settled the stock market today after the list had maintained a steady to firm tone most of the session. While a number of Industrial specialties resisted .with gains of fractions to around 2 .points, some recent leaders were off aa much. The close was Irregular. Transfers approximated 9,200,000 shares. The automobile division . ignored preliminary figures Indicating this week's output was substantially be low that of the previous week, even considering the Christmas holiday. At that, the total was expected to be double that of the aame period last year. Today's elating prices for 32 se lected stocks follow: Al. Chem. & Dye . I6iy8 Am. Can ... 135 Am. te Fgn. Pow. ..... 6 A. T. & T 164 Anaconda 38 Atch. T, As S. F. 86i Bendlx Avia . 22 Beth Steel ..... 49?i California Pack'g. . 34 Caterpillar Tract 56 Chrysler ..... . 92 v4 Coml. Solv ... 31 CurtiM-Wright . - .. 4i DuPont . - 139'i Gen. Foods 33 Gen. Mot , , 56', k Int. Harvest. BCi I. T. & T 12 Johns-Man, ... 93 Monty Ward ........ 38' j North Amer. ..... 20 3'A Penney (J. C.) 7714 Phillips Pet ...... 38 Radio - 12'i Sou. Pac 23 Sid. Brands 15'i St. Oil Cal ... 38li St. Oil N. J 4B Trans. Amer 12 Union Garb. 70! Unit. Alrcrnft !.. 28 U. s. Steel 46 Silver NEW YORK. Dec. 27, ( AP) Im ported bar silver for domestic com mercial 'use remained unchanged at 49 cent an ounce today. Ose Mall rriDune want ado. TnTeatlgatlon of the case against Harry Schmidt. Med ford man arrested with Louis Verschoor In connection . with the alleged theft of tool from the Medford Iron and Steel Work, has resulted In the dropping of all j charges against Schmidt, state police stated today.. ....Verschoor and Schmidt were taken Into custody by Leo Young, a farmer ' living at Stewart and Columbus ave- nues, and Al Smith, a neighbor, upon the advice cf state police, alter the Young children found the tools cach ed under a farm building there. Ver- schoor aud Schmidt arrived In a truck and turned out the lights, state of- fleers stated. It waa then that Young and Smith approached and held them., According to Schmidt' story. Vcr-' schoor had aaked him to take his i truck to the scene without telling him the purpose of the Journey. Schmidt told police that ho knew nothing of the tools, and thla story Verschoor corroborated. Verschoor was bound over to the grand Jury under $1000 ball on De cember 33, after a hearing In Justice court. A id EIGHT-FORTY Is unique. Mellow Loflnae-rypc . . . Ira grant, "clean" on the tongue. Expertly dis tilled, matured and bottled by Ameri ca's largest winery, makers of Roma wines. Enjoy its wonderful bouquet straight or in mixed drinks. Four fifth quarts, pints, hilf-pints, Btg f mand explains Us low prittl KIM 11 m l-M U gem ei terrl II 4niiHftii sun 4IK' IMnt .nr. ,ES hid'.; pin .:n L I ROMA WINE COMPANY, bmrporatta loii, CW5. Bitjb. JIM J. BATTISTA CELLA, f utiitiu San Francisco Ttutterfnt SAN FRANCISCO, Dec. 27. fAP) First grade butterfat 39 Vic fob. San Francisco. PORTLAND, Dec. 27. fAP) BUT TER Print. A grade. 36','2c lb. In parchment wrapper, 37!,c lb. In car ton; B gra d p , parch me n t wrapped , 35,2C lb.; carton 36VjC lb. BUTTERFAT Portland delivery: A grade, deliveries at least twice weekly, 373 33c lb.; country routes. 35 -a 36c lb.; B grade, deliveries les than twice weekly, 36tf37c lb.; C grade rtt mar ket. B grade cream for marketing buying price, butterfat basis, 55o lb. EGGS Buying price of wholesal ers: freah specials, 21c; extras, 21c; standards, 19c; extra medium, 17c; do medium firsts 15c; undergrade, 14c; pullets, 14c dozen. Chee, milk, country meats, live poultry, onions, potatoes, wool and hay, steady and unchanged. THE ORIGINAL LOW PRICE MARKET Business Was So Good before Christmas we are still too tired to write an ad. We promise you we will have many Unusual Specials for Saturday We'll Be on Deck Tomorrow with several new items to interest .even a Holiday dazed appetite, Drop in and see us at Cascade Wonderland's Finest Bakery where we can personally wish you and yours a Joyous and Prosperous 1936 and thank you for the support and patronags that made 1935 Sales the Largest in Our History A QMAQUIWr. STORE-WIDE CLEARANCE! Playing Cards Any one of our fine decks in our store . . . Values to C5c 23c Buy Now While These r-: ttiu jr lives Are In Effect! QUAKER LACE TABLE CLOTHS Our Entire Stock At One Amazingly Low Price $5.95 t4 Cloths Going Values from $7.00 to $11.00 All Other 1 y3 OFF JHl Entire Stock of Table Plate Mirrors All Sizes and Shapes Va$3.oV 50c CLOSING OUT! Our ENTIRE STOCK of GLASSWARE Goblots, Sherbets. Highballs, Wines, etc. a 20-foot table with glasses ranging up to $2.00 a piece I . . . Com plete close-out! This glassware stock represents master, pieces from world-famous glass makers--Fostoria, Unit ed States Glass Company, etc. YOUR CHOICE 25c An Amazing Value! WHILE THEY LAST-THESE FINE 32 Piece Dinner Sets Regular Values to $15.00! Your choice of Any Set In Our Dinnerware Dopt. (basement) $5.95 SOAPS - PERFUMES TOILET WATER All fancy Toilet Waters. Perfumes and Trench 1 ff J Soaps Exceptional Values! y2 Oil FOSTORIA EVERY PIECE IN OUR STORE Dishes, Bowls, Sugar and Creamer. Assorted Pieces. YOUR CHOICE $ J oo BRIDGE and FLOOR LAMPS 25 Tine Colonial Styles with Parch, mont Shades, Polkadot and Colonial patterns. Regular $5.00 Values Special Sale Price $195 FREE Children's Books HfJrrtlon Include! Shirley Temple Cut out !Jonk. A book to every woman making purrhne of toe or more In our itme PrMny and Saliirriuv -n lille the houkk hmt! ENTIRE STOCK OF LINENS Linens from Spain . . . Maderia this stock is especially high quality and strictly clean merchandise. y2 PRICE Every Bed Lamp and Boudoir Lamp In Our Store Going at HALF PRICE WURTS GIFTS SIXTH and CENTRAL The Center of Town 01 s
