December 80, 1941
THE EVENING HERALD, KLAMATH FALLS, OREGON
PAGE SEVEN
Makketl and tfiHoncial
STOCKS RALLY
AS YEAR END
DRAWS CLOSE
NEW YORK, Dec. 30 W)
The long hoped fur but some
times doubted yonr-end rally
hit the stock market today with
buying wave that swept re
cently weak loaders into the
beet upswing since late 1040.
Early irregularity caused by
heavy tax telling noon gave way
to strong reinvestment demand
which made the ticker tape hum
and lifted favorite 1 to 4 points
generally and scattered "blue
chips" ai much as 0 or so.
While top marks were reduced
In many Instance! at the close,
sizeable advances were wide
spread. Dealing were exceptionally
fast at intervals although -.low-downs
cropped up after mid
day. Transfers, however, were
around 3,800,000 shares, one of
the largest turnovers since Mny
a year ago.
American Telephone was for
and away the stellar performer
of the day, climbing by leaps
and bounds to around 6 point
above its final price of Mon
day. At Its peak of the sion
tha stock was about 15 points
over its low quotation of last
week. Many "shorts" were run
In, brokers said, when they tin
covered the issue was difficult
to repurchase.
The fact the market uverngos
had tumbled to the lowest levels
since April , 11138, was thouKlil
to have Inspired many specula
tive and investment contingents
to retrieve their sold-out shares
on the theory thn backslide hud
gone too far-even with possibly
worse foreign news, taxrs, fed
eral controls and the likely cut
ting or elimination of dividends
in 1042.
Closing quotations:
Air Reduction 371
Alaska Juneau II
Al Chem St Dye H3s
Allis-Chalmers .- ..... 28i
American Can SIX
Am Car & Fdy . 32 1
Am Bad Sta San 4
Am Roll Mills loi
Am Smell & Ref .?.. 401
Am Tel & Tel 127 i
Am Tob "B" 401
Am Water Works 21
Am Zinc L k S 4
Anaconda 2H
Armour 111 3S
Atchison 27
Aviation Corp 4
Baldwin Locomotive 131
Bendix Aviation 404
Beth SU-cl 05 1
Boeing Alrp ...j 20s
Borden 10
Borge-Warner 20
Calif Packing 17s
Callahan Z L i
Calumet Hoc 54
Canada Dry 121
Canadian Pacific 3 J
Cat Tractor ... 381
Celanese .... , 201
Ches & Ohio 34
Chrysler 401
Col Gas & El 48
Com'l Solvents Hi
Comm'nwlth & Sou 5, 32
Consol Aircraft 20
Consol Edison ....' 12J
Consol Oil 5i
Cent's Can 22 1
Corn Products 53
Crown Zellerbach 101
Curtiss Wright Bl
Doug Aircraft 06 i
Dupont De "N 145
Eastman Kodak 1371
El Pow tt Lt . ...111B
General Electric .... 284
General Foods ... ... 38
General Motors 31 1
Goodrich ... 14
Goodyear Tire 101
Gt Nor Ry pfd 21 i
Greyhound ... lit
Illinois Central a J
Insp Copper i loi
Int Harvester - 471
Int Nick Can 281
Int Pap & P pfd 571
Int Tel & Tel II
Johns ManvUle 831
Kennecott 371
Lib O Ford,. , 21
Lockheed 221
Loew'l 381
Long-Bell "A" Si
Montgomery Ward ....... 281
Nash-Kelv 31
Nat'i Biscuit . 14
Nat'l Dairy Prod 131
Nafl Dlst ....1 22
National Lead 131
N Y Central . .. 8
No Am Aviation .... 121
North Amer'Co . i
Northern Pacific ...... 41
Ohio Oil 7!
Otis Steel ...4 8
Pae Amer Fish 8
PacGas&El., 181
Pae Tel & Tel . .-.100l
Packard Motor 1 1
Pan Amer Airways 141
Paramount Pic .... 141
Penney (J C) 78
Penna R R . IB J
Phelps Dodge . . 30
Phillips Peuj. 431
Proctor & Gambia ...,.. 611
Pub Svc N J 121
Pullman , ....4-.-. 31
Radio ..- 21
Rayonter ...,U... 10
Rayonler pf 231
Carload Potato Shipments
Uuy of
Month Reason 1041-42 Season W40-41
Dec. to Heason Dec. to Season
Dec. Dally Date to Date Dally Dato to Date
1 21 21 2000 I 3 2070
2 30 2675 2B 31 3007
i 23 53 2898 24 55 3031
4 31 84 2729 Tl M 3002
5 21 ioi 2750 32 lUf 3084
6 24 129 2774 28 148 3122
1 0 120 2774 41 187 3183
8 25 154 2700 4 103 31S7
0 24 178 2823 40 233 3207
10 33 211 2856 35 " 288 3242
- t
11 30 247 2802 23 201 32S5
12 33 280 2025 36 325 3301
13 22 302 2847 23 353 3329
14 1 303 2948 34 387 3363
15 47 330 2003 8 385 3371
10 27 377 3022 35 430 3406
17 34 411 3056 32 462 3438
18 57 468 3113 33 487 3473
10 42 510 3155 48 543 3621
20 54 864 3218 38 583 3559
21 0 564 3218 52 635 iiil
22 30 803" 3257 ? 642 3618
23 22 025 3270 48 388 3664
24 3tt 881 3315 29 TTt 3393
25 0 661 3315 0 717 3393
2 31 . U92 3346 18 735 34U
27 25 718 3371 34 768 3445
2B (I 718 3371 47 B10 3492
20 41 759 3411 13 829 3505
30
31
Month Shipments by Truck (1040)
Grand Total
Republic Steel 181
Richfield Oil Hi
Sale-way Stores 44
Sears Roebuck 81 1
Shell Union 14 f
Socony Vacuum 71
Sou Cal Edison 181
Southern Pacific llg
Spcrry Corp .. 20
Standard Brands 4
SUind Oil Calif 181
Standard Oil Ind 271
Stand Oil N J 42
Stone & Webster 41
Studebiiker 4
Sunshine Mining 3i
Texas Corp 401
Trans-America , 4
Union Carbide 741
Union Oil Calif 121
Union Pacific 84
United Airlines 1H
United Aircraft 30
United Corporation 318
United Drug 41
United Fruit ...... 721
U S Rubber 151
U S Rubber pfd ..... 64
U S Steel 54
Vanadium 20
Warner Pictures 51
Western Union 241
Westinghouso 771
Woohvorth 241
BOSTON WOOL
BOSTON, Dec. 30 (AP-USDA)
A few Inquiries were received
In Boston today for graded
three eighths and quarter blood
combing bright fleece wools at
31 to 52 cents, in the grease.
Fine combing Ohio Delaine had
a limited demand at 45 to 47
cents. In the grease. Fine terri
tory wools of average to good
French combing length were.
quoted mostly $1.10-13, scoured
basis.
There are no fur-bearing ani
mal, on the land within the
Antarctic Circle.
POTATOES
SAN FRANCISCO, Dec. 30
(AP-USDA) POTATOES: 2 Cal
ifornia, 4 Oregon arrived, 20 un
broken, 42 broken cars on track;
Klamath Russets No. 1 $2.40-
2.50, combination grades si. 90
2.00.
LOS ANGELES, Dec. 30, (AF
L'SDA) POTATOES; 7 Califor
nia, 4 Idaho, 1 Nevada arrived,
23 unbroken, 43 broken cars on
track; by truck 2 California, 1
.Nevada, 1 Utah arrived, no Klam
ath quotations.
CHICAGO POTATOES
CHICAGO, Dec. 30, AP
(USDA) POTATOES, arrivals
40; on track 314; total US ship
ments 351; supplies moderate; de
mand light; Idaho Russets market
unsettled, other stock market
steady; Idaho Russet Burbanks
US No. 1. $2 55-70; Colorado Red
McClures US No. 1, $2.25;
Minnesota and North Dakota
Bliss Triumphs US No. 1, $1.80-
2; Cobblers US No. 1, $1.70; Wis
consin Green Mountain US No,
1, $1.50; new stork, supplies
light, demand very light, market
about steady; Florida Bliss Tri
umphs US No. 1. $2.25-35 per
bushel crate.
YOUTH RETIRES
MILWAUKEE m Eugene
Fons, IB, retired from business
so he could devote more time
to social activities at Marquette
university.
Fons, who was a newspaper
carrier boy tha past 10 years,
paid his way through a private
high school and three year at
Marquette, paid cash for a new
automobile, bought enough
clothes to last to 1844, and still
has several hundred dollars In
S. Ja w s, F -fr- jja jjs. J&A
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New Year's ive
At
Lakeshore Inn
FAVORS
CHICKEN
STEAK and
TURKEY DINNERS
MAKE YOUR
RESERVATIONS EARLY
Covsr Chars - $2.00 CoupU ., ,
HEDGING SALES I
GRAMS HALT RISE
CfflCAGO, Dec. 30 Ml The
grain market's fecblo attempt to-1
day to continue Its recent ad
vance ran into hedging sales and-pre-hollday
and year-end liquida
tion that erased early small!
gains and substituted fractional'
losses in soma esses. i
Corn led the reaction despite i
shipping business Involving about!
250,000 bushels to move from(
Chicago, the largest single day'
sates since October. Traders said
hedges placed to cover corn ac
quired by certain Interests ac
counted for tha bulk of tha sell-,
Ing, i
The market will close at noon
tomorrow for the New Year holi
day to be observed Thursday.
Selling of wheat was associ
ated partly with Kansas City re
ports that soma federal crop in
surance corporation grain is ex
pected to be sold soon.
wheat closed unchanged to sc
higher compared with yesterday.
May $1,261, July $1.2Ti; corn
l-le lower. May 84se-84, July
88Mc; oats i tc off; rye Mc
down; soybeans unchanged to ic
higher.
common-medium $9.00-50; good
choice trueked-ht lambs salable
around $11.00; carloads quoted
to $11,50; fat awes $3.50-8.00.
8. r. LIVESTOCK
SOUTH SAN FRANCISCO,
Dec. 30 OffXTederal-State Mar
ket Naws) Hogs: salable 300;
mostly steady; bulk good 185
233 lb. barrows and gilts $11,65
12,05, tatter extreme top; pack
ages good 480 Ih, sows $9.80,
Cattle: salable 50; unevenly
higher market; Monday around
50c up on steers; one load 1028
lb. good steers $12.25, three
cars medium 903 lb. $11,00;
good cow top $9.25; bulk dairy
cows $7.50; medium sausage
bulls $8 25-75, firm, Calves sal
able none. Nominal; few good
to choke vealers quoted 913.00
14,00,
Hogs: salable none; nominal;
good wooled lambs scarce, quot
ed $11,80-12.00; wooied ewes,
medium to choice $4,50-5.30,
Kansas had a tubercttlosto
death rat of 22.4 per 100.000
of Its population during 1030,
The average man has 24,000
hairs, each about ,008 Inch to
diameter, on his head.
PAIS TRIAL PUT
OFF INDEFINITELY
Trial of George Parks, accuse-
In the Buffalo lunch
murder of Dr. Salem A. David,
has been Indefinitely postponed.
The trial, originally set to be
gin January 5, is being held up
because of the inability of Date
Mattoon, material witness in tha
ease, to appear.
Parks, Indicted by the grand
lory, la sJ'.sisd by the rlsta 4a
be one Of tha bandits who in
vaded ta South Sixth street
lunchroom teat March and killed
Or. David aa he pursued them
outside after the armed robbery.
Ha la being held In Jail here
without ball,
Mattoon, deputy sherl'f. Is re
covering at the Good Ssmsrttan
hospital in Portland from a bad.
iy broken lag he received hi en
accident December ? while on
patrol duty,
Indiana had a tatwrecdosle
death rate cf 40 per 103,000
population during 1839.
PORTLAND LIVESTOCK
PORTLAND, Dec. 30 (AP-
USDA) Hogs: salable 800, to-'
tal 700; market steady to 10c
higher; good-choice 170-213 lb.
$12.00-30; medium grades $11.75
down; 230-250 lb. $11,25-50:
light-lights $10.75-11.50; pack
ing sows $8.50-9.50; feeder pigs
$11.00.
Cattle: salable and total 100;
calves: salable 15, total 35; mar
ket active, steady with Mon
day's best time; few medium
good fed steers $11.75-12.50;
common-medium heifers $7.50
1000; euttery heifers down to
$8.50; best fed heifers Monday
$11.23: canner and cutter cows
mostly $5.00-625; fat dairy
cows $8.75-7.25; medium - good
beef cows $8 00-75; good bulls
salable $8.00-50; good - choice
vealers $13.80-13.50; selects to
$14.00.
Sheep: salable 100, total 350;,
market medium nominal; few
low h;:fi
PRICE, ', ':)
M-asmMtfL1
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THE RUBBER SITUATION
And How II If feels Tires
For Your Cor
With the declaration of war between the
United States and the oxis powers, the long
threatened danger of our principal sources of
rubber supply has become on unpleasant reality.
From Malaya and The Netherlands East Indies
comes 75 per cent of the world's rubber and
these two countries ore now under attack by
our enemies. Today, -Japanese troops ore
attempting to penetrate southward through the
jungles of Malaya and to land by paraehuf
on the island of Sumatra In a desperate effort
to occupy these vital rubber-producing areas
and thereby slow the wheels of American
industry.
Rubber in Modern Warfare
Rubber is indispensable in modem warfare,
Airplanes and scout cars, tanks end trucks,
barrage balloons ond gas masks ore only a
few of the many essential war materials that
require rubber.
The Reserve Supply of Rubber
Keenly aware of this strategic importance
of rubber ond anticipating the day when the
United States might be cut off from the Far
East, our government, in co-operation with the
rubber industry, began more than two year
ago to build up a reserve supply. After Pearl
Harbor, it became necessary to take drastte
steps to protect this precious store of rubber
ond on December 11 our government issued
an order prohibiting the sale of tires ond tubes
to anyone not having a priority rating of A-3
or better. These temporary restrictions will end
on January 5, and they will be superceded by
new regulations which are now being formulated,
How long such restrictions will remain In
force will depend upon the course of future
events. Naturally, when our allied forces or)
victorious in the For East, shipments of rubber
to the United States will be resumed. But In
the meantime, steps ore being taken to relieve
the present situation.
Facts About Synthetic Rubber
The first of these is the expansion el
facilities for the manufacture of synthetic;
rubbe'r. There are a number of large plants now
under construction, and the one for which we
are responsible will be ready for production in
the first port of 1942, Nearly ten years ego,
our organization began experimenting with
various types of synthetic rubber, end in May
If 33, we produced the first synthetic rubber
fires ever manufactured for Uncle Sam's armed
forces. As more synthetic rubber became avail
able, we consistently Increased our production
of synthetic rubber tires. The most important
elements needed for the manufacture of
synthetic rubber ore butadiene and styrene,
both by-products of petroleum, which com
modity the United States is fortunate in having
available within its borders in unlimited quart,
titles.
Irasllian Rubber Available
Another possible emergency source of rub
ber is the valley of the Amazon river In South
America. From that area, 45,000 tons were)
shipped In 1912 and It Jias been estimated that
perhaps as many os 300,000,000 wild rubber
trees exist In this region. These ore not being
topped ot the present time because the price
of rubber is lower than the price which would
provide the incentive for the natives to blaz
the Jungle trails, tap the trees ond bring the
rubber to market. In addition, there Is o possi
bility that some rubber can be obtained from
guayule shrubs, which can "be raised in this
country and Mexico.
Ameriein Should Prodirea Their -Own
Rubber
In this critical hour, when rubber assumes
a position of prime importance to our notional
welfare ond to our ultimate victory, I cannot
help thinking of the statemtnt mode by my
father more than 20 years ago when he declared
that "Americans should own their own rubber."
To him the dependence) of this country upon e
single, concentrated area for any baste raw
materiel was economically unsound and It was
his premonition of difficulties in the future
that led to the establishment of the Firestone
rubber plantations In Liberia, which mm now
being worked to the very limit to produce every
possible pound for our country.
Hew to Make Ye-ur Present Tires Lost Loftear
Naturally, It Is going to fake time to develop
these additional sources, of rubber. In this
meantime, it is the patriotic duty of every loyal
American to help conserve the present supply
by making tha tires that are now on his ear
fast longer. You can eddT as much as 50 to
the life of your tires by observing such simple
precautions as keeping them inflated to recom
mended pressure, driving slowly end avoiding
quick starts end sudden stops, ; ;
Nation-Wide System of Feerory-Cdntrelled
Retread Plants
For a number of years, the Firestone organ
ization has recognized the merit and economy
of retreading tires, end as a result, we have
built up a nation-wide system of 132 retread
plants, strategically located, to provide retread
ing service for our dealers and stores and their
customers. To meet the present emergency,
these plants ere operating 24 hours m day, 7
days a week- By the process of retreading
which we have developed, as much as 80 per.
cent of the mileage built into the original tread
is added to the life of the tire ond the quality
of workmanship and material is such that we
ere able to extend our life-time guarantee to
every Firestone retread.
Nw Victory Tins
Still anrher step which we took some years
ago and which will serve our country well today,
was the establishment cf extensive facilities
for reclaiming scrap rubber, Today the Firestone
organization has the largest rubber reclaiming
capacity In the world end we have) the advan
tage of long experience in developing products
made from this materia!. One of these Is a new
type of tire made from reclaimed rubber, which
will give reasonably satisfactory service when
driven at moderate speeds, We have named
this product the "Victory Tire" and it Is now in
production in our factories. We also have in
work a new type of tractor tire made from
reclaimed rubber to help agriculture continue
to play its vitally important part in the war
effort.
The Patriotic Duty of lyery Car Owner
In the laboratories of the Firestone factories,
cur scientists end engineers are working night
and day to find ways of using to best advantage
the present rubber supply. Equally Important
to the successful conservation of rubber Is the
co-operation of American ear owners, whose
patriotic duty it is to get the maximum amount
of service out of their tires.
Ever mindful of our responsibilities to our
country and to the car owners of America, the
Firetlane organization is making full use of all
of its experience, ell of its resources end ell
of its technical skill to meet the needs of both.
HARVEY S. FIR1STONI, JR.
President
The Firestone Tire and Rubber Company
Firestone hat Juit puUlthed a new booklet entitled "Haw to Gat Mam Mile
age From Your Tires," You can secure a free cepy from your nearby Firestone
dealer or store, or write to the Flrwstane Tire and Rubber Company, Akron, 0.