M-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