Medford mail tribune. (Medford, Or.) 1909-1989, September 24, 1937, Image 5

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Medford mail tribune., September 24, 1937, Page 5, Image 5

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Newspaper Page TextfEDFORP MATT, TRIBUNE. MEDFORD. OR EC! QX, FRIDAY. SEPTEMBER 24. 1937. PAGE FTVB Stocks Hit New Lows as Buying Fades 10 ENTIRE LIS! HI! BY HEM SALES; IE 'JITTERS' Doubts On Dividends and Net Earninas Revived by Rising Expenses Ticker Lags in Heavy Trading NEW YORK. Sept. 24. (AP) Buy ing support faded from the stock market today and leading Issues plunged to new lows In around two years with losses of 1 to 4 points generally, and 10 or so In a few cases. Unusually large blocks were thrown : overboard shortly after the opening, and et Intervals thereafter. The tick er tape occasionally lagged several minutes behind. Short covering and "bargain hunt ing" bidding appeared from time to time, and the pace slowed. Selling was renewed near the close and prices ended at or mar the bottom. Analysts, finding little important in tfce news, were Inclined to attrib ute the slump largely to a fresh at tack of the "Wall street Jitters" brought on by a combination of cir cumstances having - to do with trade. politics and international monetary rumblings. While consumer purchases of goods apparently were - holding up well, doubts on dividends and net earnings were revived because of cllmblns expenses. "Hot money" discussions between American and British offi cials at Washington also aroused thoughts of a possible flight of some of the 98,000.000.000 of foreign funds now in the Unitea States if further tax barriers are raised. In addition lack of knowledge of what the presi dent will say on his western tout helped to keep the sidelines crowded Transfers were in the neighborhood of 2.500.000 shares. Today's closing prices for 32 selected stocks follow: Al. Chem. & Dye ...184 Am. Can S2'r Am. & Pgn. Pow fi A. T. & T .. .158i4 Anaconda 37'.; Atch. T. & S. P 65 Brndix A via 15', Beth. Steel - 67 Caterpillar Tract. .. 75 Chrysler 8Qt Com!. Solv ,M iot Curtlss-Wright - 4 DuPont 140 Ocn. Elec 41 -2 Gen. Poods m 34' Gen. Motor 471; Int. Harvester 87!ii I. T. & T . i4 Johns-Man 07 Monty Ward ..... 45',; North Amer .-. 20B Penney (J. C.) 81 cow t3.254. common-medium (4.26 6, good beef cows 6 bulls 5.60 136. few good veal era $10 10.50, medium te and down, medium 380 lb. calves 6.60. SHEEP 50, market steady, medium to good. 75-98 lb. lambs 8.35 9. yearlings 15(3 6 50. older wet here $4 $6, medium-good ewes 92.753 3.75. Chlrnico CHICAGO. Sept. 24. (AP-USDA) HOGS: 6.000; opened steady, closing 10c lower than Thursday's average on butchers. 260 lb., up and packing sows; good and choice hogs 150-220 lbs., fully steady; top 112 50. bulk good and choice 190-230 lb.. 912.30 ($.50; 240-300 lbs. 11.90-1 12.40; 150 180 lbs. 911.7512.35; packing sows mostly 10.75 11.10; best light weights to 911.25. CATTLE 3,000, calves 500; very narrow outlet for few medium and lower grade lightweight steers at week's decline; strong weight cutter cows up to "95,75; grass fat beef cows 96&7.50; weight kinds to sell up ward from 98 in demand on ship per account: bulls very scarce; quot able up to 97.50; vealers strong. 913.50 down. SHEEP 8.000; spring Iambs open ing slow; most sales natives 25c lower; good to choice 910.50 down; best held around 910.75; sheep weak to 25o .lower; slaughter ewes 93-50 $4.76. South Han Franc (mo. SOUTH SAN FRANCISCO, Sept. 24 (AP-USDA) Hogs 475: direct 150; around 10c higher; load and halt 180-200 lb. Californlas, 911.70; load good 265 lb. butchers, 911-20; packing sows largely 98.75. CATTLE 64. including 41 direct; steers nominally steady; medium to good. 900-1100 lb. quoted 99.00 a 9.50; fed steers up to 99.75. Late yesterday, 4 loads thin 860 lb. Mexicans, 96.50; all she-stock active, good Inquiry: good cows and heifers absent; bulk low cutters and cutters. $4.00i5.00; good bulls, 96.50 down. Calves: None, nominal; good to choice 180-226 lb. calves quoted 98.50$ 9; choice veal ers up to 910. SHEEP 400; direct 300: nominal. Good to choice wooled lambs absent: practical top. 99.75; shorn ewes largely 94.26 down. Cheese, country meats and live poultry unchanged. Potatoes, onions, cantaloupes, wool, hay, unchanged. Chicago Wheat Portland Wheat PORTLAND, Ore., Sept. 24. (AP) Grain: Wheat: Open High Low Close May -97Vj 57i .96 -6'i Sept. JBV .93-s .93 . .93 Dec. . .9V$ .94 .94 Cash wheat: Big Bend bluestem h. w., 13 percent, 95c; 12 percent, 92c; dark hard winter 13 percent, 9106: 12 percent. 91.02; 11 percent, 94c; soft white and western white, 92c; hard winter, 93c; western red, 93c. Oats: No. 2 white. 923.00. Barley: No. 9, 45-lb. b. w.t 927.50 Corn: Argentine nominal. MUlrun standard, 920.00. Todsy's car receipts: Wheat, 8: barley, 11; flour, 12: oats, 2; hay 1 Portland Produce PORTLAND, Sept. 24. (AP) BUT TER: print, A grade, 33c lb. In parch ment wrappers, 37c lb. In cartons; B grade, 37c lb. In parchment wrap pers, 36c lb. In cartons. BUTTERPAT (Portland delivery, buying price) A grade, 37c38o lb. country stations; A grade, 36c lb.; B grade, 2c lb. less; C grade, 6c less , EGGS Buying price by wholesal ers: extras, 28c; standards, 24c; firsts. 23c; medium, 23s; medium firsts, 20c; small extras, 14c; undergrades 15c doze....n. CHICAGO, Sept. 24. (AP) Sep tember corn prices underwent 6SS cents a bushel maximum collapse today, but most of the setback was overcome in sudden rallies at the last. At the close, corn was -V cents lower compared with yesterday's fin ish. Sept. $1.10-11: Deo., 63 V 64. Wheat: Open High Low Close Sept. 1.084 1.08'i 1.053 1.0&H Dec. 107', 1.07 1.05, 1.05 May 1.09 1.09 1.06 1.07 San t-'ranlsro Butter SAN FRANCISCO, Sept. 24. (AP) Butter unchanged. SACRAMENTO, Sept. 24. (AP) Churning cream butterfat first grade 40; second grade 38. RETAIL SALES SHOW ' GENERAL QUICKENING NEW YORK. Sept. 24. (AP) Most divisions of trade displayed a more aggressive stride this week, with quickening retail distribution the outstanding feature, Dun & Brad street said today In the weekly re view of business. Retail sales for the country as a whole were estimated at from 3 to 7 percent ahead of the ' preceding week and from B to 22 percent bet ter than In the comparable 1936 per iod. The medicinal waters of. the Sara toga Spa, New York, have been fam ous since the time' of the revolution. NICKEL IS I IN TEXAS DAIXAS. Texas (UP) Mrs. Made line Tutcher. of Brooklyn, N. v., a collector or coins, thinks Dallas a "wooden nickel" center. 8he wrote the Dallas Chamber of Commerce, saying. "I saw In a news paper thot you have aome wooden money In circulation In Dallas," Mrs. Tutcher enclosed 1. with which she asked chamber officials: to buy some of tne "money" and send to her for her coin collection. Miss Ethel Rucker, of the chsin ber'a Information department, prom ised to head a search for the alleged "wooden nickels," but was dubious of finding any. Columbia Salmon Pack Is Increased ASTORIA. Sept. S4. (IP) The spring and summer salmon pack on the Columbia river, estimated at 1259.936 cases, la an Increase of 40 1 tvrcent over that of 1936. a survey of nine major canneries revoaled to day. The wholesale value of the output waa estimated at t3.600.000. compared with ta. 100.000 last year. Plshtrmen received approximately 1.770.000 for their catches, about 78J,000 more than In 1036. Canners predicted a heavy fall sea son despite that many fishermen have boon fishing for albacore rather than sllversldes. Closing time for Too Late to Clas sify Ads Is 1:30 p. m. Phillips Pet Radio South Std. Std. Oil Cal Std. Oil N. J Trans. Amer Union Carb 46 1 Pacific Brands .... S0, ; 10-' 37 ' 65 i 13' 85 United Aircraft 30 TJ. S. Steel 80',, i Livestock Portland PORTLAND. Ore., Sept. 24. (AP USDAl HOGS: 400, including 321 direct, market steady, ltmtted interest, good-choice 160-200 lb. trucked In 911.15. 225-265 lb. butchers 910.26(4 10.50, 11ht lights 910.50, packing sows $8.75 ?t 9, choice feeders 910.25. CATTLE 400,' including 339 through and direct, calves 100, In cluding 91 direct, scattered sales steady, common-medium steers 96.50 $8.50. good grosser eligible, few heifers 5.50 7, low cutter and cutter or more m nm 1 JmMJ A delightful after-dinner liqueur. Ifs distinctive mint flavor it cooling and refrejliuis- (A Proof. S1.40 a Fifth (steeple C& C&C&O SI. 30 a Fifth tHI t O KOkl I " CO- frc. prciKca, Cirfw.ta Now You Can Have Both PRIDE OF ONE! FOR THE Am? CoimcCnilnoimnimg NOW COMBINED IN E3o (Sol -J i'fl ff r:i 1 'J at m ,-1 v3 AIR CONDITIONING AND HEATING UNIT The H. C. Little Oil Burning Floor Furnace ' r" ! - i"i , f ... The n. C. l ittle OH Burning Air Condition Ing and Heating Unit The H. C. t.lttlt Circulating $pace Heater PERFECT ECONOMICAL HEAT Operating on the H. 0. Little patented Trapped Heat principle, the Furnace Burner unit furnishes an ample, dependable heat evenly distributed to every nook and corner of the home... Because it delivers into the borne so lartje a proportion of the heat generated, it operates at amazingly low cost and requires a smaller capacity furnace than is generally needed. Uses No. 2 fuel oil. Listed as standard by Underwriters Laboratories. CLEAN - FILTERED AIR Modern, replareahle Air Filters of Spun filssi, re mote all dui-t. soot and pollen from the air leaving It freth and pure. K specially designed automatic humidifier adds Jut the right amount of moUtiire for health and mm fort. In summer the tool air from the biinement forced throughout the houe to keep the air fresh and comfortable. surprisingly- low Cost Simple - Efficient - Economical & t Mi .'-c." ilp II. C. I.H tie Oil Burning. Autitmatle fftornge Tvpt Hot Hater Healer, PERFECT HEAT FOR THE HOME! PEOPLES ELECTRIC STORE 214 W. MAIN PHONE 252 DELAYED BY AFL HEADS PORTLAND. Sept. 24, yrt ATX. labor chieftains poatponed action un til the first of the week, on a boy cott of CI O. longshoremen along Portland's waterfront. The federation, meeting In closed session today, aald It was awaiting the return of two delegates from a San Francisco A.P.L. longshore con ference. A demand yesterday that the long shoremen vacate their quarters In the labor temple led to predictions that the A.F.U groups would fight the latest desertion from federation ranks, possibly by extending to the waterfront the boycott which today had closed all of the city's major sawmills, Mayor John Dora of Seattle and Dave Beck, leader of the Teamsters union, addressed a mass meeting of A.P.L. union members here last night, assailing the C.I.O. for asserted alien and communist leadership and sym pathies. Referring to Harry Bridges and Harold Prttchett. coast C.I.O. leaders, as aliens, Dore asked "What kind of an American labor movement ts It that can't have American citizens In key positions?" More than 8,000 tons of earth will be excavated at Glasgow, Scotland, to make way for the foundation of what la described aa tho biggest temporary building ever erected. The building, covering five acres of ground, will house the Empire Exhibition next year. I "w drmrf jp A basemmt '" n with ""' 1 EflLBOIlER INCOME PROPERTY Clnod condition; flue location. For full particulars address Box xx, Mail Tribune At T NOW to modernize any existing home with American Radiator System get PREMIER M10" Electric Vara nm Clenner (1495 value) GIFT. For details see your Heating Contratocr or write AMERICAN PADIATOR POMPANY 41 WmI 40h SKt. Nw York, N. V. FRESH TOKAY GRAPES at VINEYARD PRICES . One mile out Sprlnj Bl. N. F. OHRT "PAY LESS AND PARK EASIER" RIVERSIDE MARKET 313-315 N. Riverside Phone 358 for our own Free Delivery HARVEST SOME OF THESE SPECIAL VALUES The time is ripe for saving it will pay you to buy for weeks to come. GRAPEFRUIT Del Monte No. 2 can 14c Flapjack Flour For Fall Breakfasts.. 4 bar 23C Drifted Snow ........... $1 .65 Flour 49 lb. bug TOMATOES Josephine solid pack tm cans 19c PINEAPPLE 19c Del Monte Sliced No. Vi cans VISIT OUR MODERN MEAT DEPT. We feature the finest meats available, at all times. We invite you to try OUR Ground Meats. Steak ib- 25c T-Bone - Porterhouse - Sirloin SWIFT'S QUALITY BEEF fancTlamb LEG . lb. 28c SHOULDER lb. 18c Veal Roast it 17 vie , Shoulder, Fancy Milk Fed FANCY HENS, FRYERS, RABBITS Mello Drips. In Bulk. Bring your own container SYRUP NU BORA Tomato Juice CORN VINEGAR Flakes. Lg. pkg. Mixing Bowl FREE Del Rogue New Pack No. 1 tall can Whole Kernal Diamond A IN BULK GALLON Fruits -Vegetables POTATOES KLAMATH U. B. NO, 2 50 lbs. 49c 100 lbs. 89c LEMONS D0Z. 25c 300 SIZE BUNKIST PEACHES FANCY J. H. HALES 20 LB. CRATE 59c FANCY SWEET SPANISH Fancy Jonathans ONIONS 7lh.17c APPLES ..6 ibs. 25 c ECONOMY Dozen gallon 69c 25c 4 for 25C 2 cans 27c 15c COCOA For these Q A Q Snappy mornings ... O lbs. I 5JC KERR CAPS . pk, 20c Certo2M5c Peas Lndr can 9c doTfood BONNIE- A 4Q Pets like it 1 for ISC CRACKERS Dings ipk19 Smacks k'I0 Jr. Bin