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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 30, 1938)
MTDFOnD MATL TRTBUXE. ArEDFOBH. OBEGOy, THURSDAY, JTNE 30. 1933. Profit - Taking Turns Share Prices Downward in Exciting Session PXGE TWO' Tl Cod day' husl Que han Pan hidl thei gon cen wit) to 1 aUc Stn Bel Pel Rec wht the the fcne Lat ant on he be. we It . Ca thi he of e e a h k k U o D R Q 0 d c 1' t f t r e A C th to n El at H. MANY LEADERS IN RECENT CLOSE WITH LOSS Speculative Fever Cools As Market Encounters Op position Commodities and Bonds Also Slowed NEW YORK, Juno 30. (AP) Sellers tamed the stock market to day, turning the surging June ad vance Into a confusion of oross-cur-renta, after an exciting first hour In which more than half a million share - changed hands around the busy trading posts on the stb4t ex change. The early scramble to buy, follow- FRIDAY AT SAFEWAY Choice Spring LAMB CHOPS 19c POUND Ing the fut spurt of stocks In ths preceding session, wax offset by an urge to translate lucrative paper profit Into caBh. Many leaders of the advance bowed to the profit- taking and finished with losses of a few cents to around as a share and down $1 to $4 from the early peaks. Bethlehem Steel finished at $53,75, off $1.25; U. 8. Steel $58.37, down 60 cents; General Motors (36.13, off $1.26; American Telephone 9141.60, off $2.50, and American Can $08.60. off S3. U. 8. Oypsum broke nearly $7 to 87.60, losing most of Its gain In the preceding session when build ing shares whirled up at the head of the procession. The speculative fever died down as the market encountered opposition to the upside. Transactions for the day approximated 3.500,000 shares, nearly half of which were traded In the opening period. The forward march lost momen tum In commodities end bonds also. Today's closing prices for 33 se lected stocks follow: A!. Chem. 4c Dye . Am. Can - Am, & Fgn. Power A. T. & T, Anaconda Atch. T. & 8. r. Dendlx Aviation Beth. Steel Caterpillar Tractor Chrysler Coml. 8olv. Curtlss-Wrlght 173 4 Ml !4 81 33 134 63 60 8 4H 110 40 Vt 33 30', 04 9154 41 31 75 40 7 16 '4 8 80 '4 63 11 77 14 37 t 66 NEW YORK, June 80. (API Father William A. Marchant, 61-year-old Catholic priest, plunged to his death today from a fifth floor In the Commodore hotel. Police said he evidently became faint while trying to open window and listed the death as an accident. DuPont Gen, Electiio Qen. Poods Qen. Motors .. Int. Harvest. . j I. T. & T Johns-Man. Mont. Ward ' North Amer. Penney (J. C.) Phillips Pet. Radio Sou. Pao. w . Std. Brands ... Std. Oil Cal. Std. OH N. J. Trans. Amor. Union Carbide .. UnKod Aircraft u. 8. Steel TO BE ,31 T 'CZAR' WALL' STREET NEW YORK, June 80 (AP) William Martin. 81-year-old chair man of the New York stock ex change, was chosen today as 1U first salaried president, the position which has been referred in broker age circles as "Wall Street czar," Martin will resign the office of chairman, which he has held since May 16, transfer his membership In the stock exchange and dispose of his Interest In the St. Louis firm of A. a. Edwards as Sons, to com ply with the requirement In the exchange's new constitution that Its president shall have no other Inter est save that office. Martin's salary will be $48,000 a year. Previous presidents have been members of the exchange and served without salary. Martin. . as chairman, has been acting president since the retire ment of Charles P. day May 18. The selection of the salaried presi dent was seen In Wall Street as closing a long and colorful chapter In the exchange's controversy with the securities and exchange com mission. Inability of the exchange's "old guard" to agree upon suggestions from the SEC Inst autumn for a complete overhaul of Its executive machinery prompted a blistering statement from SEC Chairman Wil liam O. Douglas on November 33, In which he warned the exchange to clean house, or lose Its privileges of self-rcgulntlon and have Its rules mado In Washington. Livestock slow, most sales steady, few common medium steers 15.60-7.00, common, edlu heifers S5.33-7.00, cutters 84.00, low cutter and cutter cows 83.00-50; common-medium grades $3.75-4.60, good beef cows 96.00. Bulls $5.36-60, few $8.75; good-choice vealers $6.60 7.60, select $7.35-8.00. SHEEP 300 Including 63 direct, de mand narrow, market steady, few good 76-8 lb. spring lamba $5.35-50, common-medium $4.50-5.00; few old crop lambs $4 00, good 166 lb. slaugh ter ewes $3.50. ftouth Ran Francisco SOUTH SAN FRANCISCO. June 30. (P-USDA) Hogs 750; around 15 higher; 185-335 lb. butchers $10.50; 335-350 lb. 19.55; sows $8.00. CATTLE 35; steers nominally steady; choice 1026 lb. fed yearlings $9.35; new recent top; practically no other steers offered; desirable she stock absent; add dairy heifers, $4.40 80; low cutters $3.50; bulls. $3.60 4.00. CALVES none; nominal; vealers quoted around $8.50. SHEEP 600; active, 'closed strong; choice 83 lb. Dorsets $7.00 straight, week's top; two decks good 80 lb. north coast lambs $6.65-75; ewes $3.25-75. PORTLAND, ore., Juno 30. (AP USDA) Hogs 500 Including 127 di rect, market actlvo, steady, good choice 165-218 lb. drlvelns $9.10-25, 330-60 lb. butchers $8.50-75; 335 lb. $8.23, light lights $8.80-75; few good, choice 78-121 lb. feeder pigs $0.00 35. CATTLE 300 Including 30 direct. calves so Including 33 direct, market CHICAGO. June 30. (AP-USDA) Hogs 10.000. Including 3.000 direct; fairly active; 10-15 higher than Wed nesday's average; top $9.30; good packing sows 380 lbs. down, $7.73- 10; heavier kinds $6.85-7.15. CATTLE 4.000; calves 1.000; fed stccra and yearlings strong to shade higher; best $11.00 paid for weighty steers as well as long yearlings; most grain fed offerings $9.50 upward with grassy and short fed kinds $7.00 8.60 ;all fat cattle 50 higher than late last week; best heifers today 10.00; cows steady to strong; bulls strong to 15 higher; vealers 25 up; strong weight cutter cows $5.00-25; heavy sausage bulls $7.00; more choice vealers $9.00. SHEEP 5.000. Including 3.700 direct; trade active; spring lambs around 50 higher; clipped lambs 25 up; sheep steady; Idaho spring Iambs $0.00-75, mediums $9.25-60; top $9.75; good to choice clipped lambs $7.25; nattvo ewes $3.00-25 mostly. Portland Produce PORTLAND, June 30. fl) Butter Prints: A grade, 2814c lb.. In nsreh- active early later slow, cutter cows ment wrappers; 39!4o In cartons: B Sale of Admiration HOSE .J- tfm MM We are discontinuing this line. All new summer shades, all sizes. Stock up for all summer long. Regular $1.35 Values Pair $1.00 3 Pair $2.75 Regular $1.00 Values Pair 79c 3 Pair $2.25 Regular 70o Knee-High Pair 59c 3 Pair $1.50 Smart Accessories You i outfit at tvnvlnjta you ran't afford to pass by. (.roup smart hats straw fiihrlr; whites, black and color. Your chance to bu that rtra hat. Values to Jrt.75. CHOICE Blouses You never have too many blouses, pool, sheer rhlffoni and ntarqultrtle. Luel pj.tri shade, specially prlcrd. $195 t0 $295 GOWNS Flowered hstl.tr towns hjt Is brllrr fur nils hot weather. Regular 11.15 values. Choice 88c A 3D) ILEX'S m DRESSES l Cool, summer dresses In whites, pastels, and fc prints; crepes, wash silks and cottons. I ' -j mere are nrrs.cj you can wear the Fourth ? f nml all summer long taken from our ree A ular stork. Values to $13.93. sites It to 48. Ji Your Cholre $488 Another Group of Better Dresses Values to $16.95 Sizes 12 to 44. Your Choice $898 For Quick Clearance We have font through our stock and re grouped Ihl fine lot of drews, rrepe, prints nash silks nd cottons Values to 91(1.95. sires 11 to . This .rroup ha to jo. Your choice $198 80 Wash Frocks 80 $100 In the smartest styles of the season not old merchandise but we have to reduce our stocks. $1.05 values. Your choice Just Unpacked The roolr.l. .m.irtt lare frock, tou hm seen this sesMin. our New York oMIce m.tcle an exceptional but on these dres.es. New pa.tel shades. SPECIALLY PRICED $3.S5 Smart Outing Togs lor the beach, picnic or home slack. farmer ettes, play suit, short. harkfcln and flannel port suits. Come In and let u help yon with your holiday problem. $1.19 to $5.95 What's Left of Our Shoe Sale 180 Pairs. Values to $6.75. These will go fast. Come early. Your Choice 49c grade, 37c lb. In parchment wrapper 38c lb. in cartons. BUTTERPAT Portland delivery, buying price: A grade, 26-26 y,e lb. In country stations; A grade, 25c lb.; B grade, lo less; 0 grade, 8c lb. less. EOGSr-Buylng prices by whole salers: Specials, 2214c; extraa 20c; standards 18c; special medium 18c; extra mediums 17c; undorgrades 18c dozen. CHEESE, country meats, live poul try and turkeys unchanged. POTATOES New 8hafter, $1.85-2 per 100-lb. bag; local, $1.75-1.86 per 100-lb. bag. CANTALOUPES House pack. Im perial standards, 45s, $2.80-3.75: Jum bo, 45s, $3.35: do 38s, $3.00 crate. ONIONS, wool, hay. unchanged. Montana wheat origin east of the Rockies, 18 pet., 1.09',4; 18 pet.. .13ft. Receipts: Wheat, 35; flour, 11; corn. 6; oats, 1; hay, 1; mlllfeed, 3. Chicago Wheat CHICAOO, June 30 Despite 14 cents temporary rise here and 46 cents at Winnipeg, Chicago wheat values later today showed decided losses, 1H nets in some esses, (wheat) Ouen High Low Close July .75 4 .76 , .73 .73 Sept. .77 .77 .75 .78 it Dec. .79 !i .79 -77 .77 "4 Portland Wheat PORTLAND, Ore., June SO. (AP) Wheat: Open High Low Close July .70A .70 .68',4 .68iJA Sept. .70A .70 .68!4 .6814A Dec. .71A .71 .60 ii .69!4A Cash grain: Oats, No. 3, 38-lb. white, 26.00: No. 2, 33-lb. gray, 25.00. Barley No. 3, 43-lb., bw. 25.00. Corn No 3 eastern yellow, ship ment, 28.75. Cash wheat (bid): Soft whlte( hd white app., 68'4c. Winter white or winter club, .68'c. Western red, 67i4c. Hard red winter ordinary, 660; 11 pet., 68c; 13 pet., 72c; 13 pct.,76c: 13 pet., 80c; 13 pet., 77c; 14 pet., 80c. . Hard hlte, Baarl ordinary, 8i$c; 11 pet., 6814c; 13 pet., 694c: 13 pet., 74c; 14 pet., 78c. FOREST EXECUTIVE DELAYED BY BEAR H. C. Obye was late for dinner and an appointment In Union Creek last night and It was all the fault of a little black bear. Mr. Obye telephoned from Union Creek to Rogue River national forest headquarters here this morning to explain how he got behind his ached tie. It wss all In the Interest of v.-lld life conservation; so everything was all right. Mr. Obye, assistant supervisor, was returning last evening to Union Creek from Huckleberry mountain. Half way down he was confronted with the cub bear peacefully napping In the middle of the road. Mr. Obye stopped his oar and bonked his horn but the cub merely blinked Its eyes and stsyed put. Not until Mr. Obye pulled up close to the bear did It move. Then It menadered slowly down the middle of the road, compelling Mr. Obye to mrawl at four miles an hour lor miles. It is against the forest service pol icy to handle or frighten wild life. MEDFORD GIRL. GIVEN HONOR AT UNIVERSITY EUOENE, June 80. (AP) Honor citations for 16 members of the Uni versity of Oregon graduating class today Included Marie Collier, Klam ath Falls, English; Laura C. Drury, Mcdford, English, (Miss Drury was recentely married to Norrla K. Porter In Medtord). Court Citation J. T. Rosen, 36, of Ashland was cited by state police yesterday to appear In justice of th peace court her July I it 11 1. m, charged with driving an overloaded truck. So. Oregon Wool Brings 22c Net ROSEBURO, June 30-(fl) Sale of the Southern Oregon Wool Grow ers association's 300,000-pound wool clip to Adams 8c Leland of Boston, Mass., for 33 cents per pound net to the grower, was announced here to day. Otho O'Leary, representing the buyers, stated that the sale price was the highest paid in Oregon to far this season. The association, organized two years ago. Is comprised of 314 Douglas county growers, who this season re ported an aggregate total of 35,000 fleeces. ! js"3i!Zim ti r 1 FRIDAY and SATURDAY ONLY . ' Buy Here and Sav Big Sale at the BAND BOX Buy for the 4th at M.nA4 V10 will lavs 'Ayou money. M UITO..I .MA. Dresses as low as . $1.79 Coats & Suits as low as $2.98 EXTRA SPECIAL Slacks and Shirts 79c ea. Sun Suits, Farmerettes, Blouses, Sweaters, Bags, Shoes, Hose. etc. Buy Here and Save. The BAUD BOX 223 East 6th m ' TIMS TO BB-TIRE tT! f S'W"' 1 MM -.-.. .mi isTi.1 mi f-i.,a ThU la the beat tire that Flsk knows how to build . . . and we believe It ( the best tire built today, both in Ita Interim! construction and in Its Incomparable safety trend. The tread is not Just a new trend design. It is n new tread con struction. Its stopping efficiency la built in . . the tread does not have to have its safety re newed every few thousand miles. Stops your enr faster, and In u straight tine, even on wet roads. No tallspin Different from any tire you have ever seen, and correctly named as "Amer ica's Safest Tire " Gives you plus-protection that Is visible to the naked eye and Instantly real I red the minute you start driving. It costs mora to make than ordinary tires, and is claused as a DeLuxe Tire . . . but It actually sella for very little more than first line tires of conventional tread construction. This Is one of the bear ... if not actually THE best . . conventional tread tires built today. It differs from Safti-Flight only in its tread, which coats less to manufacture ... so that Air-Flight costs you less money. Sturdy, well-made, dependable . . . made to sell at a moderate price. Size for else. It con tains more cord than similar grade tires mads by other manufacturers. It is a little less expensive to build than Air-Flight, and costs you leas for this reason. A- THE FRIGE YOU PAY MEASURES THE SERVICE YOU GET All FISK MILEAGE IS SAFE MILEAGE Regardless of the Fisk Tire that you choose from this group, you have definite assurance that it will deliver mileage in accordance with the price you pay for it . . . that you will get your full money's worth In service PLUS un matched safety factors which have made Fisk Tires the choice of thinking motorists throughout America. Before you buy any tires . . . See Your Fisk Dealer THE FISK TIRE COMPANY, Inc., Chlcopee Falls, Mass. Atanvroctvrers, alto, at Ptk Trvcfc and Ivs Tires Copyright IMS The FUk Tire Co, lo. am A better tire for the tnont? than competition offers at the same price . . . but If you want very lowest possible nrst cost wa recommend the Windsor. This tire is called the 75' because it costs you 75 as much as the Air-Flight. Built for the car owner who w-ants good, de pendable transportation at low fint cost. It Is tha loweat-nrlced ttra In the Flsk Line, but an outstanding rslue. JttSsftt- SAM JENNINGS TIRE GO. iVSaudon's Tire Shop 229 NORTH RIVERSIDE PHONE 223 ASHLAND, OREGON
