THE NEWS AND THE HERALD, KLAMATH FALLS, ORE.
21, 1947
January
PAGE EIGHT .
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Mcfrketi and fymancicd
STOCK MARKET
RALLY FADES,
GAINS ERASED
NEW YORK, Jan. 21 (JPI An
early stock market rally, touch-
ad oft by renewed strength in
rails, faded In the latter part of
today'i proceedings and gains
running to a point or more were
substantially reduced or trans
formed into losses of as much.
Prices were at the best in the
forenoon.
i Motors, lower throughout.
weakened quickly and steels,
trailing with the carriers in the
morning, soon slipped into the
minus column. A little bidding
appeared in the final hour and
dosing quotations were above
the lows in many instances.
Transfers were around 600,-
000 shares compared with yes
terday's turnover of 377,000,
smallest since October 21.
Main market drawbacks,
brokers said, included possible
actual entry of this country in
the European war, taxation prob
lems, likelihood of extensive ad
ministration controls of indus
try, and possibility of a con
gressional battle over the lend
lease bill acting as a deterrent
to rearmament
Air Reduction " 408
Alaska Juneau S
Al Chera & Dye 156
American Can
Allis-Chalmers
Am Car & Fdy
. Am Bad Sta San
Am RoU Mills
Am Smelt It Ref
Am Tel & Tel
Am Tob "B"
Am Water Works
Am Zinc L & S ..
Anaconda
Armour 111
Atchison
Aviation Corp
Bald Loco
Bendix Avia
Beth Steel
Boeing Airp
Borden
33
91J
281
68
- 131
.. 411
166J
72
68
. 71
..: 241
s
23
43
168
358
831
168
191
Borge-Warner
Calif Packing
Callahan Z L
Calumet Hec
Canada Dry
Canadian Pacific .....
Cat Tractor
Celanese
Ches Se Ohio
Chrysler ..
Col Gas & El ...
Com'l Solvents -
Comm'nw'lth & Sou .
Consol Aircraft
Consol Edison ..
Consol Oil
Cont'l Can
Corn Products
Crown Zellerbach
Curliss Wright
Doug Aircraft
Dupont De N
Eastman Kodak
El Pow & Lt
General Electric
General Foods
General Motors
Goodrich
Goodyear Tire
Gt Nor Ry pfd
Greyhound
Illinois Central
Insp Copper
Int Harvester
Int Nick Can
Int Pap & P pfd
Int Tel & Tel
Johns Manville
Kennecott
Lib O Ford
Lockheed
Loew's
Montgomery Ward
Nash-Kelv
Nat'l Biscuit
Nat'l Dairy Prod
Nat'l Dist
National Lead
N Y Central
No Am Aviation
North Amer Co
Northern Pacific
Ohio Oil
Otis Steel
Pac Amer Fish
Pas Gas & El
Packard Motor
Pan Amer Airways
Paramount Pic
Penney (J C)
Penna R R
Phelps Dodge
Phillips Pet
Proctor & Gamble
Pub Svc N J
Pullman
Radio
Rayonier
Republic Steel
Richfield Oil . 8!
Safeway Stores 421
Sears Roebuck 751
Shell Union 101
Socony Vacuum 81
Sou Cal Edison 27
Southern Pacific 91
Sperry Corp 36
Standard Brands ................ 61
Stand Oil Calif 181
Stand Oil Ind 27
Stand Oil N J 331
Stone & Wabster 71
Studcbaker . 71
Sunshine Mining 8i
Texas Corp ..... . 368
Trans-America 48
Union Carbide 69
Union Oil Calif 14
Union Pacific .. 811
United Airlines 148
United Aircraft 411
United Corporation 11
United Drug 41
United Fruit 681
U S Rubber 221
U S Rubber pfd 88
U S Steel 651
Vanadium 311
Warner Pictures ..... 3i
Western Union 211
Westinghouse 100
Woolworth 321
CHICAGO, Jan. 21 (Jp) Weak
ness in wheat futures at times
today pushed prices down as
much as a cent a bushel below
the previoiLs close to the lowest
levels in three weeks. Some
resting orders to buy checked
the decline at times but com
mission houses were more ag
gressive on the selling side.
There were no important news
developments to account for the
break but holders apparently dis
couraged by the lack of rallying
power of the market decided to
let go of their lines and await
developments. The close for all
deliveries of wheat and corn was
fractionally above the lows for
the day.
Wheat futures closed I to
cent lower than Monday's final
prices. May 851-lc, July 79i-80c;
corn was -lc off. May 623-lc,
July 621c; and oats 1-lc lower.
Try the Classified Ads.
Carload Potato Shipments
D&y of
Month Season 1940-41 Season 1939-40
Jan. to Season Jan. to Seaso
Jan. Dally Data to Date DalJy Data toDate
1 4 4 4388 7 7 2949
3 37 41 4423 28 35 2977
' 26 67 4481 ii 74 3016 '
4 4 " 4800 4T XlF" "3057
5 6 122 4506 48 m 3i03
ij 47 169 4553 "ZjfT" 207 3140
7 88 227 4611-' 237 3170
8 87 283 4669 322S
9 58 344 4728 44 330 3272
10 87 401 4783 S3 383 ' 3325
11 80 461 4845 oT 437 3379
12 4" 463 4849 64 501 3443
13 67 832 4916 52 533 3493 '
14 . 53 585 4969 23 576 3318
15 49 634 5018 48 624 3566
18 50 684 5068 35 659 3601
17 46 730 5114 40 609 3641
18 36 766 8150 33 732 3674
19 8 774 8138 36 768 3710
20 63 837 5221 28 796 3738
21 10 806 3748
22 22 828 3770
23 21 849 3791
24 19 868 3810
25 23 890 3832
26 20 910 3852
27 2l 931 3873
28 19 950 3892 "
29 24 974 3916 '
30 HT 993 3933
31 " 23 1018 3960
Month Shipments by Truck 236
Grand Totals 1254 4198
8. F. LIVESTOCK
SOUTH SAN FRANCISCO,
Jan. 21 (P) . (Fed.-State Mkt.
News) Hogs: salable 300; fully
steady; bulk 185-225 lb. Cali
fornia $8.90; fow heavies $8.40;
packing sows $6.80 down.
Cattle: salable 100; ateers 10
15c higher; two cars 1170 lb.
fed northern California! $10.80,
load medium 1030 lb, $10.00
sorted four head at $9.00; me
dium to good she-stock firm.
YcsterdHy, load-lots heifers
$9.00-80; range cows $7.75
8.10. Today, dairy cows fully
steady; few $7.25; most canners
and cutters $5.00-8.75; odd bulls
strong, $7.00-50. Calves: salable
none; nominal; odd good to
choice vealors $12.00-78.
Sheep: salable 200; around
25-50c higher: deck medium
pelt 97 lb. lambs $10; package
100 lb. $9.75, sorted 10 hoad at
$9.00; package 121 lb. ewes
$3.25.
WOOL MARKET
BOSTON. Jan. 21 (APUSDA)
Fine delaine bright fleece wool
was receiving a little Interest
in Boston today. Business was
reported to have been transact
ed at a price within the range
of 42 to 44 cents, In the grease.
rew mills, however, were In
terested in these wools. South
American wools of fine and
half-blood grade were quite ac
tive at firm prices.
Olen
e
tr.
a better idea. A better idea plus the
means of spreading it.
And in that last phrase you have
the whole secret of our protection
against finding ourselves with rings
Ring
Throu
Your
Nose
gl
1
I NOIMAN CHANDUB
By NORMAN CHANDLER
Chairman, Nawipopar PuUiihtn CammtHea
'TTHERE'S something
repugnant to me in the
kind of leadership which
makes you follow. I'd
ratherhavethekindwhich
inspires a following.
In America, to eet a fol-
, lowing a man must convince a group
of people that his plan is good.
Moreover, he must keep them con
vinced, because others, with differ-
tnt plans, are forever coming along,
. asking for and getting a hearing.
- As a result of this American way
we manage to stop short of the dic
tatorship and absolutism by which
Hitler,. Mussolini, Stalin enforce
their leadership.
;. We' even avoid business monop
oly the same way. A metal concern, .
- controlling its entire field, suddenly,
.finds its business gone out the win
'dow to a plastics maker who has
through our noses. There is a means,
in America, of spreading news.
Let a public servant, no matter
how sincere, be bested by a rank
outsider with a better plan and the
newspapers of America will tell you
of it. The incumbent officeholder
may want to stay in power. He may
want to throttle his challenger, but
he can't keep the news of the other
fellow's plan from you!
Or let a self-satisfied manufac
turer decide that you'll buy his
brand and like it. A newcomer has
the advertising columns of the
newspapers open to him. If the
newcomer's goods will stand the
spotlight of comparison, the smug
gentleman will soon hunt for a
way to match or beat his
rival to your advantage.
new
Portland
Produce
PORTLAND. Jan. SI AP BITTER:
Prill U, A grade. 33VjC lb. In fidfcrmirfit
wrapper. Si1?: Itt cartons: B grade KHe
in parcameDb wrappers, &Sc In carton.
BLTTEKFAT: Ftnt quality, mailmura
.0 of 1 pr cent acidity, delivered. Port
land. lb.; premium quality, mail-
mum o JSi of 1 per ent arid It ) S3-33 4C
lb. ; routes and country poiuu, fe lei ;
second quality, S cents under first.
CHEESE: Selling price to Portland re
tailers. Tillamook triplets. Sic lb. : loaf.
tic lb; triplets to wholesalers, 19c lb.;
oaf. Kc lb. f.o.b. TillamooK.
EGGS: Prices to producers: A larg
I9e: B. grade 19c: A medium, 19c; B
medium 16c doien, resale to retailers,
higher for case, cartons 6c niftier.
COUNTRY MEATS: Selling prices to
retailers, country killed hogs, beit butchers,
125-HO lbs.. 11-11 c; vealers, fancy.
lL-17c: Hzht thin. lM4e: heavy ll-13c;
lambs, old crop 16 H -17c; 1941 iprlng. 80c
lb.; ewes i-9c; good cutter cows, nc id.;
can of r cows, 10c lb.; bulls, 12-12 Vic
LIVE POULTRY: Buying prices. No. 1
grade- Leghorn broilers, I Si to S lbs., 13c;
fryers, under S Ihi., 13c; springers, 2 H
to 4 lbs., lsc; roasters, orer 4 iu., ix;
Leihorn hens, over 34 lbs., 13c; Leghorn
hens, under S'4 lbs.. ll-13c; colored hen.
over S lbs.. lMOc; hens 4 to ft lbs., 14c;
old roosters 6c lb.
DRESSED TURRETS: Nominal buying
prices, new crop bens, lS-lbVc torn.
14 He lb.
DRESSED TURKEYS: Nominal telling
price, hens 18-IOc; toma, 17-lSc lb.
umuas: uregon uanvera. bi.iu-zo: iaano
large Spanish 10-26 sack.
POTATOES: Deschutes No. 1. SIOO-IO;
elected Deschutes brand, $1.35; Yakima,
il.00-05 cwt.; Klamath. SI. 10-20 cental;
elected Klamath (1.25-35; local No. l's.
f J. 00 cental.
AY: Selling price- on track, alfalfa.
No. 1 $14. M ton; oat-vetch, 910.00 too;
clove.-, 910.00 ton; timothy, eastern Oregon
917.00 ton.
wool: 1940. eastern Oregon range, ao-Mc:
cross bred 34 -35c.
POTATOES
SAN FRANCISCO, Jan. 21
(AP-USDA) Potatoes: 8 Call
fomia, 9 Oregon, 1 Texas ar
rived, 18 unbroken, 19 broken
cars on track; market dull; Ore
gon, Klamath district Russets
No. 1 light soil $1.05-1.10, oc
casional car $1.15; dark soil
$.85-1.00; No. 2s, 55-65c.
Nobody likes to be bothered
but it's nicer than being to
tally ignored..
LOS ANGELES, Jan. 21 (AP
USDA) Potatoes: 8 California
8 Idaho, 3 Oregon arrived, 50
unbroken, 30 broken cars on
track; by truck 8 California, 4
Idaho, 2 Nevada, 3 Utah ar
rived; market dull; Oregon.
Klamath district Russets No. 1
light soil $1.22 U 1.25; No. 2s,
75c.
CHICAGO POTATOES
CHICAGO, Jan. 21 (AP-USDA)
Potatoes, arrivals 111; on track
488; total US shipments 548;
supplies for old stock heavy;
demand very light; market dull;
Idaho Russet Burbanks US No.
1, $1.45-60; new stock, supplies
light; demand very light; market
slightly stronger; Florida bushel
crate Bliss Triumphs US No. 1,
$1.75 per crate.
That practice In jumping over
bayonets that the Italian big
shots used to get must come in
handy in Albania.
Record number of autos sold
in 1940 but it doesn't seem to
have made any more room in
the street cars.
OLENE Mrs. Harry Pointer
left Thursday for her home in
Yakima, Wash. She has been
visiting with her parents, Mr.
and Mrs. C. M. Kelley for a
few days.
Harriett Bruner who wu rm
ployed in Klamath Falls re
turned home Wednesday.
nir. and Mrs. A. L. Marshall
were shoppers In Klamath Falls
Friday afternoon.
Shirley Overson from Simla
Way was a weekend visitor in
Olene.
Mr. and Mrs. W. K. Scholtcn
and family have moved to Klam
ath Falls.
Arleen Swain of Poe valley
has been a house guest at the
home of Mr., and Mrs. Jack
Odom the last week. She is
recovering from the chicken pox.
Mr. and Mrs. Marion Barnes
spent last Wednesday in Klam
ath Falls visiting with friends
and relatives.
Oliver Kenney Sr.. Is able to
be about after being on the ilckj
list ior some time
Fred Rclling and son Wilbur
have had a crew of men sorting
potatoes the last week.
Mr. and Mrs. Boyd Bruner
were business callers in Klamath
Falls Saturday.
' I aV-'.'i'-JT an ," IkJT I
l:u iiiiii m ii l ' i mil i.i, n ,n i i". .( J jf-.Jf ... j...,,
H III lllll ifll I I cJHZZ?.i, .AL'mi Jrf. L. :!.!..'.
Dairy
Looking for Bargains?
to the Classified page
Turn
- ITEAIl
Major Bowes' Amateur Hour
Every Thursday Night 6 P. M. PST.
"Telling You How To Get Mora Value For Your Dollar"
When you realize that it is your
newspaper which stands between
you and the loss of your right to
know things, your paper takes on a
new significance.
It is your newspaper which keeps
all your leaders in government, in
education, in business in direct
competition with each other. It
tells you what they're doing.
And may the best man win!
NOTEt Th Ntmpapcf PublUhcra Commlttta, com.
poMd of orar SM Itmdlnfl American Nippr, pub
aahw theM mMMgr. ,lmultnouilr each mk. Tht
fore which unite thtM newspaper, I, their roeognl
tlon of their raponilbllltj to jou, the reader.
4
!
on late noc:i
Yttt-(tV!itmM
TniDO-inp"
USED CAR
YOUR pkk of popular makes brought ui In trade on
new Fluid Drive Dodge and 1941 Plymouth. Every
thing tagged plainly at Clearance prices. Come prepared
to do business at these low prices. Here are a few ex
amples of the great values offered if you act . . . Quick
'39 Dodge Sedan, heater, lets
than 18.000 miles ... $695
'37 Dodge Sedan, radio, heat
er, reconditioned, , good
tires, good paint .,..$465
'38 Plymouth Coupe, the best
and the best looking Ply
' mouth in, town $545
.'38 Dodge Sedan, completely
. reconditioned.. A real
guarantee $595
'38 Ford Coupe, excellent
condition ...$475
'38 Plymouth Sedan, heater,
reconditioned and guar
anteed, good rubber and
paint ; $575
'37 Plymouth , Sedan, recon
ditioned, good paint and
rubber $42
'36 DeSoto Coupe, excellent
condition $343
EASY BUDGET TERMS NO RED TAPE
Ostendorf Motor Co.
424 So. 8th ' 1-ot 11th and Klsm.
"13 Years la Klamath Basin" -
... . .. A iM
The Dairy community extend
its deepest sympathy to Mr. and
Mrs. Joe Vierira of Hlldebrand
on the loss of their Infant
daughter who recently passed
away.
Mrs. Andrew Johnson was
taken to Klamath Falls Monday
to receive medical attention.
Mrs. Johnson has been in ill
health for some time:
Mrs. W. L. Bell recently re
turned home from a trip to Los
Angeles on which she accom
panied her brother before Christ-
man. On their return trip they
naa the misfortune of exnerlenc
ing an auto wreck which bruised
them considerably and delayed
their trip home several days.
Mr. and Mrs. John Jones and
Mr. and Mrs. Martin Stoeksler
returned home from California
last week after they enjoyed sev
eral weeks of California weather.
Poe Valley
Mr. and Mrs. Warren Moore
are the proud parents of a baby
girl.
Pauline and Donald Roberts
and Mrs. Haines were shoppers
in Klamath Falls from the valley
Thursday,
Among those ' who attended
the machinery s h 0 w at Jim
Kerns implement store Friday
were Mr. and Mrs. Francis
Freuer, Mr. and Mrs. Starrer,
Paul Breighthaupt, Wilbur Rett
ing, Mr. and Mrs. J. Nork and
Jim Glover.
A party was held at the home
of Mr. and Mrs. Walter Croft
Saturday night, Those who at
tended were Mr. and Mrs. Jack
Holzhouser and children, Mr.
and Mrs. Bert Wilder and son
Billy, Mr. and Mrs. Pete Holz
houser and son Jerry, Virginia
Hope and Mr. and Mrs. Roy
nolds and children.
Mrs. Eddie Roberts and Viola
Roberts were visitors at the
Earl Webber home Friday.
Mr, and Mrs. Rex High and
Zella Sullivan left for Corvallis
Sunday morning, where they
will attend the 4-H meeting.
Mr. and Mrs. Clarence Webber
took their children Helen and
Leland to Klamath Falls Satur
day to receive medical attention
for colds and sore throat.
William Breighthaupt, who
has been' suffering from heart
trouble, is somewhat Improved
but will be confined to his bed
for quite, some time,
! Enough silk stockings were
given as. Christmas .presents to
keep skirts short another year.
'Heavy snows have stopped
some of the armies in Europe
from going slaying, .
DESIGN FOR LIVIN C Vtlllly and comfort mu.t pre.
vail In the rooms she alf ni, thinks Kllrrn Mon, 15, who's huir
with miniature linuir In art rlsas al Rutherford, N. J. Kllrfn Is
a ninth trader al Itulhrrford where about 100 of Hie 2.200 alu
drnli In lluthrrford's firat II cradra nurvrycil arorrd more lhaa
.v ivimi mo iriuui ciaas. naiioirt avcrace Is ISO.
If
Japanese Foreign Minister Yosuke Mnlsuoks. seems to be very
emphatic about the point he is milking to Joseph Clnrk Crew, U. S.
Ambassador to Japan. They're pictured discussing Far East situation
during luncheon of America-Japan Society in Tokyo,
FUNNY BUSINESS
"Gentlemen, since we nil enme together nt the same time,
I suggest we start the 'Spare Auto Parts, Inc.'" -
HOLD EVERYTHING
,WWU ( . . 1
V" - . v -
"I wng sure I saw Private Flookcy snenk in here."