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