Medford mail tribune. (Medford, Or.) 1909-1989, June 18, 1937, Image 3

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Medford mail tribune., June 18, 1937, Page 3, Image 3

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Newspaper Page TextMEDFOTW MATL TRTBUyE. MEDFOKTV ftTrFXiOy. FRIDAY. .TTNTM. 1M7. PAGE TTTRTTE USE OF FOREIGN IWall St. Report I il ! li AT SENATE QUIZ (Continued tram Page On.) Irey aaid Btche formed two Ca Bidlan corporation in 1930, trans tarring (13,000.000 In aaaeta to one of them, the Wenonah Development Company. Ltd. 'Thla relieved Bach of the receipt at income which previously had been tubject to American taxea, Irey continued. "In 1031, it made a SJ.SOO.OOO loan to Bache, and In 1034, he deducted from hla Income tax 9225,000 repre senting interest to the corporation which he personally owned. "Thla reduced hla return to a son-taxable atatua." Irey said Wallace Groves, capital ist, through several firms controls the United Cigar and Whelan drug tore chains, and has been In liti gation with the bureau of Internal revenue for many years. Pleads Poverty. On last January 7, he testified. TVRonde made a sworn statement that h waa "without any substan tial funda" and sought to settle his obligation to the government by paying 9170O In Installments. It was learned, they said, that on January 8. 1937 Just the day be fore he offered the compromise he received 9250.000 from the General Investment company, which Irey said was an American firm for which De Ttonde acted as agent for the sale of a aubway In Buenos Aires, Argen tina. Economic conditions,- Irey said, "clearly Indicate" that a great ma jority of the corporations must have been formed for purposes of tax Uavotdanc or evasion. "Centering his dlscuasln on the Ba hama; tne head of the Intelligence unit salul that Kenneth Solomon, one of the mci$t prominent attorneys on the Islands. ;was instrumental In or ganising perb.'PS half the corpora tions set up thets, Th bulldlnit u!! by Solomon. Irey said, waa "plastered from foun dation to roof" with name plates of corporations., The structure, he sdded, was one of ' the "major curiosities to tourists. In th 45 years preceding 1924, Irey said, only, 93 corporations were established In the Bahamas. In the next 10 years they were set up at the rate. of 20 a year. NEW YORK. June 18. ( AP Steel strike blues appeared to have faded a bit further In today's stoct market and selected issues advanced fractions to 3 or more points. At th same time, soma of th buoyant steels and motora of Thurs day felt pressure of profit selling and at re unable to duplicate their rally ing performance of the preceding session. In exceptionally quiet dealings a number of utilities, oils, rails and specialties were favored. It was re marked, though, these were the groups that clung to the rear ranks In the rally Instigated oy announce ment of th government's move to negotiate peace In th steel field. The list started off on a forward slant but quickly met offerings from tnders who could not resist casning In part of their' gains of yesterdsy. There was a later dip and a subse quent recovery, after which the In clination of leadera waa to mark time Extrem Improvement was reduced In msny Instsnces before the close. Transfers were around 700.000 snares. Today'a closing prices for 33 select ed stocks follow: A! Chem. it Dye 5'4 Am. csn 3'4 Am. & Fen. Pow 1'4 A. T. it T. Anaconda 31 Vic t. B grade lHe less: C grsde 6c less. EGC1S Buying price by wholesal ers: extras. 20c: standards. 17c: med ium. 16c: medium firsts, 15c: under grade 15c dozen. Cheese, country meats and live poultry unchanged. PORTLAND. June 18. (AP) ON IONS: old crop Oregon No. 1, 91 A 91-05 per 50-lb. bag; new crop, Cal ifornia red. 91 10 50-lb. bag: 'Jo chella, 91.15; yellow, 91.23 per 50 lb. bag. Potatoes, new potatoes, canta loupes, wool. hsy. hops, mohair r,d Cascera bark unchanged. Atch. T. 4: S. P Bendix Avla. Beth. Steel Caterpillar Tract. Chrysler Ccml. Solv Curtlss-Wrlght .... DuPont Gen. Eleo. . Gen. Foods . Gen. Mot - Int. Harvest. I T. As T Johns-Man. Monty Ward North Amer. . Penney M. C.).. Phillips Pet Radio Sou. Pae. Std. Brands St. Oil Cal. St Oil N. J. 'rrans. Amer. ....... Union Carb Unit. Aircraft O. S. 8teel 165 61 82i 194 8Ut 88 100 , 1314 . 8 .153 . 63 . 36-4 . 50?a .107', . 11 .124'i . 544 . 23'; . 875, . 54 Portland Wheat LAI PRICE DROP LATER; HEAVY DUE TO LATE MARKETS WASHINGTON. June 18. 4t The agriculture department said today delayed marketlnga of early lambs combined with movement of late crop ' lainbs may result In unusually large offerings In the Iste summer and early fall. It predicted the seasonal decline In I lamb prices would occur later than ! usual and may be greater than aver age. Prices on spring Ismbs rose shsrply during the first three weeks of May. reaching the highest level of the The average price of PORTLAND. June 18. (AP) Oraln: Wheat: Open Hlh Low Close July 1.04 1.04 1.04 1 04 Sept 1.00 1.00 M 99 Cash wheat: Big Bend bluestem. hw 12 pet. 1.12; dark hard winter 13 pet. 1.27; 12 pet. 1.19: 11 pet. 1.13; soft c current season. white and western white, 1.13; hard ! 912.65 per 100 pounds for good snd winter 1.11; western red 1.12 choice spring lambs at Kansas City Oats, No. 2 white. 33.50: gray. 1 wa ,n nignest since lsas. ana more 32.50. Barley, No. 3. 15 lb. bw. 38 O0. Frisco Butter BAN FRANCISCO. June 18. IAP) BUTTER: Ninety-two score. a3c: 91 score, 31c; 90 score. 30c; 89 score, 284c SACRAMENTO, Cel.. June 13. (AP) Butte rfat: first grade, 37c; second grade, 844c Scientists at Columbia university In New York have grown a Turklsn tobacco stalk six feet tall In chem ical nutrients. than 91 higher than the comparable ' price last year. The increase result ed chiefly from higher wool and pelt values. Slaughter of sheep and lambs un der federal Inspection In May waa 3 percent larger than In April and 13 percent larger than In May, 1936. Artillery Drills ASTORIA, June 18. (API Mem bers of the 49th coast artillery, Ore gon National Guard, looked forwi.d to using service ammunition next week as they engaged In stib-caU'oer practice with th big guns at Fort Stevens today. . 46i . 13 . 4114 . 68 . 13 . 99 4 . 26 . 96 "ALL-BRAN SAVED ME FROM A LIFETIME OF SUFFERING" "I nid suffered from constipa tion for three yers. My condition wu becoming" really serious, when I read of Kellogg ' All-Bran. "I bought package. Within two weeks, my bowels were regular, and I began to enjoy living again. It has saved me from a lifetime of Buffering." Mrs. Lloyd Baird, 384 S. Bannock St., Denver, Colo. ' Try All-Bran yourself. It cor rects the common type of constipa tion. Within the body, it absorbs twice ita weight in water, forms a oft mass, gently cleanses the sys tem. Just eat two tablespoonfuls daily. Three times daily in severe cases. As a cereal with milk or cream, or in recipes. Isntitbettertoeatthiswholesome food than to take pills and drugs that may be harmful and often lose their effect? All-Bran is sold by all grocers. Made and guaranteed by Kellogg in Battle Creek. Livestock PORTLAND. June 18. (AP-USDA) Hogs 400. Including 279 direct, bulk and top light weight drlvelns, 810.75. 220-280 lb. saleable a. 810810.25; few light lights 610; packing sows. 67.75: few feeder pigs 910. raTTt.K 50. including 2 direct: calves 110. including 94 direct; most ly confined to low cutter to com- nnn rtalrv tvo cows at 93.505.50: other classes mostly steady: medium- good fed steers eligible miiu.zo. grassers saleable 95.50t8. and above. ht. California grassers 89.25: h.if.. as fit 7.25: KOod beef 7 and above: bulla 65.756.50; medlum-Bood vealers, 86.50 s 8.50; choice quotable 89.00. RHtr.KP too. Including 37 direct; market steady: few tainy go springers. 69 50: sorted 910; common medium. 67.OOu9.00: grassy year lings, 64.50(5 5.50: fat ewes, 93.00. Portland Produce PORTLAND, June IB (AP) BUT TER: Prints, A grade. 34c lb In parchment wrappers, 35c In csrtons: B grade 33c in parchment wrappers; 34c In cartons. . BUTTERFAT (Portland delivery, buying price) A grade, 33g33'ic lb.: country stations: A grade, 31 Fresh Banana Cake A new cake with a different and delightful taste a cake o good you'll regret it if you pass it up. Made with fresh, ripe bananas and the tame fine ingredients you would use your-elf. 49c Phone your order now to 718 Make this your headquarterj for picnic and outing needs. Many kinds of Cookies, de licious Date Bread, sweet rolls and Coffee Cakes. For good sandwiches try Piniiento Cheese Bread Thin 81iced Rye. Pumper nickel, thin sliced White or Whole Wheat and don't forget the Sandwich and Weinie Buns. Let us make the wedding cake for the June bride. SEE - SEE - SEE $5000 REPLICA BONNEVILLE DAM GAY NINETIES-S0. ORE. GLEEMEN CARNIVAL NIGHT Medford Armory Tuesday, June 22 HOUSroSMT HOUSE OP STUART get 1U distinctive Scotch characteristic mellow flavor from the um of 10-year-old Imported Scotch malt whiskey. The Scotch - malt whiskey in this product as, go -'1.65 U 10 years old; 20$ Scotch malt whiskey, 80 neutral splrlti dis tilled from era in HOUSE OF STUART is blended in America to satisfy the American taste for mild new and to save you money. Under New Ownership You Be The Judge! Shop at the Peerless, judge and compare for yourself The Service The Quality Selection and Savings Every Day and we are sure'you will choose the Peerless above all others. Rolled Rump Roast r lb. 20c VEAL ROAST rsss lb. 15c LEG PORK ROAST lb. 23c VEAL STEAK '"sr lb.17y2c Hamburger or Sausage lb. 15c No Watr or Or! In mir frround mnt BACON. Medium Weight lb. 27c DILL PICKLES Quart 8c Little Pig Sausages lb. 23c FRESH FRUITS and VEGETABLES New Potatoes, Shafter Whites 10 lbs. 15c Local Lettuce, large solid. . ... .3 for 10c Summer Squash 3 lbs. 10c Local Cabbage, solid heads .... per lb. 3c New crop Onions, very mild. . .7 lbs. 15o Local Rhubarb, extra fancy. . .3 lbs. 13r Watermelons, rattlesnake type.. lb. 2Jc Tomatoes, large baskets each 20c Apricots, extra fancy baskets 20c Oranges, full of juice. ...... .3 doz. 29c Beets, turnips, carrots, locals 3 large bunches 10c WITH THE VALLEY TRADE IS THE VALLEY MADE BE WISE BUY WISE AND ECONOMIZE AT Hollovay's Reliable Grocery W. A. H0LL0WAY, Owner. 100 Independent, No Affiliations PHONE 20 IHIeadlquiiaFtte&'s fion DITSWORTH STRAWBERRIES Quality Unsurpassed! Can them NOW I Stormy weather is suiting the crop short! New Potatoes No. 1 10 lbs. 19c Lettuce each 5c Local. Large solid heads All Local Bunch Vegetables 3 for 10. Tomatoes 3 lb. 23c Fancy Field Grown Apricots basket 19c FANCY SUGAR C & H Pure Dane 10 lb. bag 57c ioo lbs. $5.29 Certo 2 for 45c Wm, Rogers Silver plated Salad Fork FREE Phone For Food CALL 20 YOU CAN RELY ON THE RELIABLE CANNED FRUITS Apricots, fey. R. Club, No. 2 can 15c Pears, fey R. Club, No. 2 can . . 15c Grapefruit, Del Monte, No. 2 can 2 for .'. .25c Pineapple Tidbits, 14 oz. can 2 for . . . ; 25c Fruit Cocktail, Sun Blest, No. 1 2 for ... 29c CANNED VEGETABLES Corn, R. C. cream, No. 2 can, 2 for 29c St. Beans, Fully Ripe, No. 2, 2 for 29c Peas, S. Blest, No. 2, 2 for 29c Pork & Beans, V. Camps, 16 oz. 3 for . .25c Lima Beans, Meco, No. 2, .... 2 for 25c Spinach, R. Club, No. 2 .". . .2 for 29c Tomatoes, Solid Pack, No. 2 can, 2 for 25c CATSUP 15c 0 H B 18 oz. bottle Parowax . . 10c Jello . 3 for 17c All Flavors Schilling (Jojjecs Two kinds, percolator & drip (BJfi'" can 28 C For a fragrant, full flavored m .. cup of coffee use Schilling's m . g can 55C PACKED IN WOOIIKN IIOXF.R -mil, PERCOLATOR (PR I P taW. WAX PAPER Roll 2 for 15c Borene, pkg 33c Clams 2 for 25c F.A.B. baby wholt, No. 1 Can HEADQUARTERS FOR CORNING OLIVES lOc to 98c KRAFT MIRACLE WHIP Pt. 22c Qt. 35c Shortening, Swift's Pearl, 4 lb 55c Milk, Morning 4 tall cans 29c Coffee, Shasta, lb. 25c, 2 lbs. 40c Orange Juice, 211 size can . . . Qc Tomato Soup Campbells 3 cans 23c Flour, Kitchen Queen, 49 lb. $1 .69 (CUTTY R3AMSETT 121 North Central Phone 324 Free Delivery Any Size Order FOR REAL ENJOYMENT AND EASY MEAL PLANNING EAT CITY MEATS Genuine Spring LAMB SIPECHALS Leg . . . lb. 30c Shoulder lb. 22c Shoulder Pork Roast ib. 18c Shoulder Veal Roast ib. 15c Home Cured BACON DACKO Lb. 25c