Medford mail tribune. (Medford, Or.) 1909-1989, July 02, 1937, Image 3

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Medford mail tribune., July 02, 1937, Page 3, Image 3

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Newspaper Page TextM-EDFOBD MATL TRTBUyE. MT5DFORD, OREO OX. FIND AY. .TTLY 2. 1937. PAGE THREE E SOUGHT ON STOCK DEALS Higher Brokerage Costs And Reduced Volume Of Trad ing Cited In Recom mendation To Exchange. crauc for Naw England were 10 to 30 per cent above 1930, the review stated. Increases In other area In cluded Pacllie coast, 9 to 18 per cent. 35,4 35c higher; top native spring 1 lamb 30c up at 911.00: bulk to pack era 1119-35; good ed California spring lam be 910.85 straight. NEW YORK, July a. ;p) Citing an. Increase In brokerage costs and a reduced volume of trading, a special committee of the New York stock ex change recommended today an In crease In brokers' commission, basing the commission rate on the total j value of a transaction In dollars. In- 1 stead of on the value of shares. The board of governors of the ex change referred the recommendation to Ita law committee. In submitting the recommenda tion. Edward A. Pierce of the broker age house of E. A. Pierce & Com pany, chairman of the committee, wrote: "There can be no doubt now that a broker's costa have increased heav ily and much of the Increase Is quite beyond hia control as for instance i expense Incurred to meet direct re quirements of federal and state gov ernments. When the 1936 cost of these requirements to one house alone exceeds, as it does, 9150,000, with the prospect of an increase In succeeding years under statutory re quirements, the burden of the Im post on commission houses generally is Impressive." The proposed new commissions are: On transactions amounting to less than 9100, the commission shall be 6 percent of the amount involved, but not less than 91. On transactions amounting to 9100 and not more than 81.000, th rate shall be 85 plus 1 percent of the amount involved. On transactions amounting to more than 91.000, the rate shall be 918 plus .1 of 1 percent 'of the amount involved. The rato would be 96 for a 9100 transaction. Increasing 91 hundred to 918 commission for a 91.000 trans action. Starting at a 91,000 trans action, the rate would be 916.10. with an Increase of 910 a hundred dol lars to 917 for a 92.000 transaction and so on up to a commission of 938 for a 920,000 transaction. HEAVY NUT PRODUCTION PREDICTED THIS YEAR DUNDEE. July 3. (API Parm ob servers In Oregon and. western Wash-1 lngton said today nut groves escaped ; adverse spring weather and predict ed a near, record production for 1837. An Increased bearing area, and the outstanding condition of the ap proaching crop promises a higher filbert yield In Oregon than in pre vious years. A large percentage of the nuts are expected to go into the top grades. Walnut growers in both Oregon and Washington are recovering from losses suffered several years ago. Trees appear strong and farmers ex pect, a "comeback.1 Portland Produce Livestock PORTLAND. July 3. (AP) BUT TER: Prints. A grade. 3 4 Vic lb. In parchment wrappers, 35',c tn car tons; B grade 33 Vic In parchment wrappers; 34fi In cartons. BUTTER PAT (Portland delivery, buying price) A grade, 34344 lb. country stations; A grade, 32a32T?c lb.; B grade, lc less; O grade 6c less. EGOS Buying price "by wholesal ers: extras, 30c; standard, 18c; med ium, 16c; medium firsts. 15c; under grade 14c dozen. Cheese, country meats, and live poultry unchanged. Potatoes, new potatoes, onions, cantaloupes, wool, hay, unchanged. included further abatement of strfke ! worries, momentary stability In the . French currency difficulty and a lift , of 80 cents a ton In steel scrap at Pittsburgh. I Short covering reported In some 1 brokerage circles was termed a nor- mat occurrence preceding long mar- 1 ket holidays. I Industrials pushed out tn front . with demand centering on oils, steels. coppers, store shares an d aircraft . j Ralls were inactive and generally j higher. I Transactions approximated 800,000 shares. Today's closing prices for 83 a- . lected stocks follow: Al. Chem. & Dye 331 ! Am. Can Am. & Fgn. Power A. T. A T .. Anaconda - ... Fortland PORTLAND, Ore.. July 3. (AP-UA Dept. Agr.) HOGS: 350. including 310 direct, scattered sales steady, good choice 160-200 lb. driveins 11.25, 130- IfS lb. 10.50-11.00. few packing sows 7.75-8.00. feeder pigs 10.25. CATTLE: 350. Including TO direct, calvea 125, Including 115 direct. 3 loads common-medium dry fed steers, grassy she stock unsold, few cleanup sales steady, odd head grassy steers 5.00, better gass 0.75, good dry type steers eligible 10.00 and above, grassy heifers 0.75, grassy 5.00-7.00, few low cutter and cutter 3.50-4.50, common medium beef saleable 5.00-6.50. few bulla 5.00-6.00, choice vealers 8.50, few culls 4.00. SHEEP: 500, including 193 direct, demand narrow, undertone lower, ood trucked in lambs 0.00 and above, common-medium saleable 6.00-8.00. medium yearlings nominal 5.00-6..00. slaughter ewes 3.50 down. Chicago Wheat CHICAGO, July 2. (AP) A drawn battle waa the final outcome of Chicago wheat trading today, with July contracts lower, but September and December higher. The more distant Chicago delive ries of wheat, September and De cember, reached new high price rec ords for the season. In large meas ure, this was attributed to reports that owing to high temperaturea and drought, 50 per cent of Canada'a wheat acreage this season would yield only seed. Wheat: Open High Low Close July 1.2534 1.281,4 1.23 1.34fc Sept. 1.36ft 1.283, 1.341 1,251 Dec 1.39 1.30ft 1.25?; 1.37 The Portland Livestock market will be closed on Monday, July 8. RETAIL SALES UP AS HOLIDAY NEAR VTCW YORK, July 3. (AP) Retail distribution' was the only branch of Industry to make advances of any consequence this week, Dun A; Brad atreet reported today in th weekly review of business. Stimulated by Fourth of July and vacation necessities, sales for the country as a whole were 3 to 8 per cent above the preceding week and 10 to 13 per cent above the 1936 comparative. "Industrial divisions felt the ef fect of the holiday schedule but th? usual summer let down has failed to appear thus far." the agency said. In wholesale markets the pace has steadied, recorders contributing the bulk of volume." Summer resorts were favored by the influx of tourist snd pa1s In- South Snn Francisco SOUTH SAN FRANCISCO. July 2. (AP-U. S. Dept. Agr.) HOGS 400. Butchers 5 higher, top and bulk 170 3:0 lb. weights 12.00, few light-lights sorted out 11.60. short-load 169 lb. iverages 11.75. lightly sorted; few plain light slaughter pigs down to 9.50; package 270 lb. butchers 11.50; p.wktng sows steady to 10 higher. 9.00-40, odd head to 9.50. CATTLE 150, direct 130; holdovers 35; only odds snd ends on sale; mar ket nominal, no sales, pre-hollday de mand limited: week's top grass steers 9.35; good grass cows quoted up to wound 6.50, low -cutters-cutters elig ible around 3.00-75; good weighty bulls quoted up to 6.00. Late Thurs day: three loads California, grass-fat J leers taken off market, SHEEP 150; holdovera 500; steady, pert-deck good 79 lb. wooled spring '.nmbs 10.00. sorted 25 per cent me dium 9.00; package 67 lb. weights 0 75; about 200 head 64 lb, shorn feeding lambs 7.00; package weighty aged shorn wethers 3.50.. Chi capo CHICAGO. July 2. (AP-USDA) HOGS: 6.000; generally 1525c high er than Thursday's average; packing sows 10c up; top $13.50; bulk good and choice 300-300 lbs. $13.10$. 48; 150-190 lbs. $11 .80 A 12.40. CATTLE 1,000, calves 500: grain fed steers and yearlings In very moderate supply; firm at week's sharp advance; several loads 814 &.7A with best about 015.10 early; tried Him to good kinds $11. 75 j 13; cleanup market on grass steers; weighty kinds steady: closing stock er trade 25c or more lower; cleanup trade on grass cows and heifers; cut ter cows $5 down to $3.75; grass cows $5.508, mostly $5.50j7. SHEEP 6.000; market active, spring lambs and yearlings as much as Portland Wheat Atch. T. 4: B. r. Bendlx Avis Beth. Stl Caterpillar Tractor . Chrysler Coml. Solv. CurtH-Wrlght DuPont Oen. Elec. Cten. Poods . Oen. Motors Int. Harvest. I. T. & T Johns-Man. Mont. Ward Nort h Amer. Penney (J. C.) Pbllllps Pet. . Radio Sou. Pac. Std. Brands Std. OH Cal. Std. Oil N. J. Trans. Amer. Union Carb 71 Ts 167', M 78a 70 83 i 01 07 13'i , . , 153 83 87 50 loa'i 10', 67 34 'i 80 67 8', 43'i in, 41'. 67 '-i 13 00 , 30', United Aircraft U. 8. 8lel 101 ' PORTLAND Ore., July 3. (API rain: Wheat: Open High Low Close July 1.10'i 1.11 i.io; 1.11 Sep 1.10'i 1.11 1.10'i l.lO'j Cash wheat: Big B?nd bluestem, hw., 13 pet.. 1.1SN: dork hard wlnwr. 13 pet.. 1.30N: 13 pet., 1.23N; 11 pet., 1.16N: soft white and western white, 1.16N; hard winter, 1.14N; western white. 1.15N. Oats No. 3 white 31.50, gray nom inal. Barley Ro. 3, 45-lb.. bw:. 35.00. Corn Argentine 43.00: mlllrun standard 20.00. Wall St. Report NEW YORK, July 3. (AP) Short covering In some sections and a bet ter news environment elded the stoc market to gains of fractions to a point or more today. More auspicious news, brokers said, UNDID FOR FINER TASTt StAQRAM'S SBVKN CROWN LCNDID WHIft. KIV. Th traight wtilaktM In this rwct mr ! USi (Mvtrtjl IMt dlatllln from Amari- YOUR LAST CHANCE to stock up for the Fourth. Unless you have already done so, stop in our store or phone your order to 718 the first thing Saturday morning. We will have a large stock but it will go fast so ACT NOW to avoid disappointment. We will have dozens of good things which you will need for the outing lunch or even if you stay at home. There will be many kinds of breads for delicious sandwiches, a variety of Cakes, all kinds Cookies, Sandwich Buns, Weiner Buns, Pies, Sweet Rolls, Coffee Cakes and a host of other good things, many of them specially priced for the week-end. Yours for a glorious Fourth and SHOP EARLY. Under New Ownerhsip HEADQUARTERS for everything such as: Bulk Pickles, Relishes, Olives, Cheeses, Luncheon Meats, Fryers, Roasts, etc., for your week-end outing or luncheon AT A SAVING. SPRING LAMB SPECIALS Shoulders, shank-breast off, lb. 17e Legs, just the right size lb. 25c Loin or Rib Chops -.- lb. 25c Stew, breasts and shanks lb. 10c Assorted Lunch Meats lb. 26c T-Bone or Rib Steaks, lb. 20c Bacon Squares .lb. 18c Dill Pickles quart 8c Veal Stew lb. 10c DUCKS frying size . . lb. 25c FRYERS HENS RABBITS FRESH FRUITS and VEGETABLES Green Beans, Kentucky Wond., 3 lbs 17c Local Lettuce, Ig. solid heads ... 2 for 9c Local Rhubarb, Bohnert's Best. 3 lbs. 10c Fancy Cucumbers, long green. ,3 for 10c Field Tomatoes, large baskets 15c New Potatoes 10 lbs. 17c MINrTf R LONG WHITE Bunch Vegetables, Ig. bunch. . .3 for 10c Watermelons, guaranteed ripe. . . .lb. 2c Cantaloupes, large jumbo 3 for 25c Peaches, Plums, Apricots, Ig. basket 20c Asparagus, long, green, tender, 2 lbs. 15c APRICOTS, for canning 7Qf 20 lbs. net ei0ht liifr I WITH THE VALLEY TRADE IS THE VALLEY MADE BE WISE BUY WISE AND ECONOMIZE AT Holloway's Reliable Grocery W. A. H0LL0WAY, Owner. 100 Independent, No Affiliations PHONE 20 fyyJtr "' CELEBRATE JULY 4th Take advantage of the l-day holiday. Store ti closed Mon day. Buy for S dayi. Wa twa erervthlnr, you nerd for jour outing trip. PICNIC AND LUNCH SUPPLIES' Pickles, C.H.B. Asst., sweet, sour, dill, Pickles, C.H.B. or Century, sweet, swee Vinegar, C. H. B., pint bot. . . 10c quart bot. . . 18c These famous Corning Olives from . 10c to 98c Pork & Beans, V. Camp, Ig. 27 oz. 2 cans .25c Ginger Ale, 'Extra Special' 2 qts. 25c Wax Paper, large roll ,19c cross cut or relish, 6 oz. jar, 2 for 25c t mix, sour or dill, 12 oz. jar 18c Fig Bars, whole wheat, 2 lb. pkg. 25c Assort. Bon Bons, Sunshine, pkg 25c Krispie Crackers or Grahams 2 lbs . , 29c Marshmallows, lb. package 15c Pop Corn, pops, large, 2 lb. pkg. 25c We have a large assortment of Pape r Picnic Supplies, plates, cups spoons, forks, napkins, table cloths, etc. Pkg. Post 40 Bran Flakes with the purchase of 2 pkgs. Post Toasties and 1 pkg. Huskies ALL FOR 29c SUGAR io in CLOTH BAO Cheese Tillamook 4 mm lb. Zt)C 57c FRUITS AND FRUIT JUICES Jello . : . .3 pkgs. 17c & Jello Ice Cream Pdr 3 for 25c Wesson Oil qt. can 45c Snowdrift . . .6 lb. can $1.29 Pard Pet Food . . .3 for 25c Flour, K. Queen, 49 lb. $1.69 Peaches, Royal Club, Vi can 10 Apricots or Pears, R Club, No. 2 can 15 Apricots, whole, No. 1 can .". 10 Grapefruit, Del Monte, No. 2 can 2 for 25 Tomato Juice, lg. gal. can 33 Pineapple Juice, 46 os. can 29 Lemon Juioo M.C.P (equals 8 lemons) can 13 Orange Juice, M.C.P 2 cans 25 THERE'S NO GLOOM IN OUR. STORE FOR OUR. PRICES ARE FAIR,. AN0 WE SERVE EVERY CLIENT WITH COURTEOUS CARE, AND THE QUALITY'S TOPS ON ALL GOODS THAT WE KEEP. AND NOW LET US REMIND YOU- ORINK P0STUM AND SLEEP 1 Lg. 43c SOAPS Borene, pkg 33 Camay.. .3 bars 17 P & Q ....7 bars 25? Ivory, med. 2 bars 15 CANNED VEGETABLES Royal Club Spinach, 2 can, Fully Ripe String Beans, fiAYIfk .)uu uicti A cat) wuuic urru, ivy. iianu fjaviv. uiuoiui-o FRESH FRUITS AND VEGETABLES Lemons, doz 29c 300 Size Sunkist Lettuce, each . 5C Local, large solid heads Cucumbers, 3 for 1 0C Local Hothouse Tomatoes, 4 lbs . 25c Local Hothouse VE STILL HAVE SOME OF THOSE FAMOUS DITSW0RTH STRAWBERRIES Cantaloupes 36 ize JUMBO fMpH 3 lor CUTTY R3AEKETT 121 North Central Phone 324 Free Delivery Any Size Order BABY BEEF ROAST . . . lb. 12V2c Baby Beef Rib Boil ib. 10c Pork Roast Shldrlb. 10c Leg lb. 23c LARD Pure Home Rendered LAMB Shldr lb. 20c Leg lb. 30c 2 lbs. 25c