MTDFOnD MATL TRTBUXE. ArEDFOBH. OBEGOy, THURSDAY, JTNE 30. 1933.
Profit - Taking Turns Share Prices Downward in Exciting Session
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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