MEDFOTW 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