Morning Oregonian. (Portland, Or.) 1861-1937, January 28, 1919, Page 19, Image 19

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THE MORNING OR EG OMAN, TUESDAY, JANUARY 28. 1019.
19
OREGON
HERDS
T
MUCH
REDUCED
Number Decreases Only 5000
Head in Past Year.
GOVERNMENT FIGURES OUT
"Unprofitable Cow Marketed and
Young Animals Come In to
Take Their Place,
The dairy herds of Oregon have npt been
reduced to a serious extent, according to
Government statistics just issued. On Jan
uary 1, lfliS, there were 222.000 milk cows
In Oregon, or 5000 head less than a year
"before and 3000 head less than two years
before. These are the figures of the bureau
of crop estimates. Department of Agricul
ture, given out yesterday by F. L. Kent,
Held agent of the bureau. Mr. Kent's report
says:
"High prices for feed and labor without
corresponding Increase In the price of
dairy products has caused some reduction
in dairy herds, but not so great as has fre
quently been indicated by general news
items. Dairymen are each year giving more
attention to the matter of dairy herd test
ing, and the disposal of the unprofitable
animals. Young animals are continually
coming on to take the place of the ones
found to be unprofitable, hence the annual
marketing of a considerable number of cows
does not mean a material reduction of the
dairy herds as a whole. However, during
the past year the conditions have been such
that the total number of dairy cows now
In the state Is materially less than the
number on this date a year ago. Dairy
etock in good condition of flesh have often
cold for a higher price for beef purposes
than could have been realized from their
stale as dairy animals during the past year."
The estimated number of various classes
of livestock and value per head on January
1, 1919, 191S and 1917 in Oregon follows:
followed a steady Jobbing range of $1,906'
2.15. Maine Green Mountains weakened
alightly at shipping points, but still ranged
$2.ZTi 2..10 In consuming markets. New York
white stock in bulk ranged steady at 2.tr
5 2.40 in leading Eastern markets. Colorado
No. sacked white stock still ranged $2.20
2.75 In South Central consuming markets.
Shipping sections were generally nearly
steady, but trackn.de sales weakened to
SI. Idaho Kalis and fancy California sacked
white stock weakened slightly to a range, of
$1.75 2 per cwt. f. o. b. Shipments were be
low the average.
BOXED APPLES' SHIPPED TO MANILA
Good Demand In Local Market Prices in
Eaet Are Firm.
The local apple market was firm with a
go,od demand for all grades and last week's
prices prevailing. Shipments were two cars
each to New York and Omaha and one to
Baltimore.
In the East, New York Baldwins. A 2.
from cold storage, were very firm at $7
f. o. b. shipping points, while common stor
age stock ruled $5.30 f. o. b. Consuming
markets ranged steady at $6.50$ 7.30. but
reached top of $8 in Pittsburg. Extra fancy
Northwestern boxed Winesaps ranged $2.9
3 f. o. b. shipping points :nd ranged $3.25
3.50 In New York City, this range repre
senting prevailing prices in most leading
distributing markets. Shipments continue
above the recent average.
Recent exports were 1000 boxes from San
Francisco to Manila and 505 boxes to Mex
ico, South and Central America, and from
the east coast, 16.660 boxes to England.
MARINE SHARES WEAKEN f
E3TFKCT OF CUT IN FREIGHT
RATES TO GREAT BRITAIN.
Interest In Today's Meeting of Steel
Corporation Directors; British
War Bonds Active.
r 1.21; string beans. 23 030c: green peas, 13
17c; green onions, Si 4 1.23; rhubarb.
1 3.25 : mushrooms. 404$GOc ; brusrls
sprouts, 80c; cucumber. :.j03;
spinach, I B i c.
Fruit Lemons, $2.50$4.75; oranges, $34
5; tangerines and mandarins, $1.7502.50:
bunanas, 7 ft 8c ; pineapples, $3 ."; apples.
Newtown Pippins. $2w2.5U; Oregon MtMs
bergs. $32 3.25; grapefruit. $2.50 f 3.23: pears.
'Winter Nellis, $2; persimmons. $11.25.
Receipts Flour. 220 quarters: barley. 12.
330 centals; beans. 1641 sacks; potatoes,
7660 sacks: onions. AO sacks; hay, 210 tons;
hides. 726; wine. 62.250 gallons.
PORTLAND APPLE BITERS IN MARKET
Offers Are Made on Better Grade of Stock
ml Hood River.
HOOD RIVER. Or., Jan. 27. (Special.)
CORN MARKET UNCERTAIN'
(oxn.jmxf; opinions as to
FEDERAL HOG PRICES.
Hones Number. Value.
131H 303.000 $ 89.00
1!1S 300,000 98.00
1917 300.000 98.00
Mule,
1819 10.000 93.00
1918 10.000 102.00
1917 10.000 103.00
Milk cows
1910 222.000 60.00
1918 227.000 60.00
1917 22;i,000 55.00
Other cattle
1919 703.000 44.80
1918 683.000 39.50
1917 610,000 37.30
Sheep
1919 2.497,000 12.00
1918... 2,448.000 12.10
1917 2,400.000 8.10
Swine
1919 348.000 19.10
1918 32.1.000 17.30
1917 315.000 10.00
BtTTERFAT PBICE IS ADVAJJCED
City Creameries Pay 2 Cents More Than
at Close of Last Week.
The recent action of the city creameries
in cutting the price of butterfat more than
the price of butter caused great dissatis
faction in the dairy sections and probably
for that reason some of the creameries have
advanced the buying price of butterfat 2
cents to 52 cents. The print market was
firm with 54 cents the general quotation.
The demand for cubes continued active and
50 cents was freely bid for extras.
Egg receipts were the largest of any day
this season, and as a consequence the mar
ket shaded off somewhat.
There was a firmer feeling in the poultry
market with a fair demand and light re
ceipts. Dressed meats were steady.
Pool Sale of Mole Pelts.
BEAVERTON, Or.. Jan. 27. (Special.)
County Agent X. C. Jamison has announced
a pool sale of mole pelts to be held In llills
boro. February 10 to IB. iast season Mr.
Jamison held two pools and succeeded in
marketing more than 3000 pelts for the
youthful trappers of this county, averaging
nearly 30 cents per pelt. During the past
Fall and Winter the young fur collectors
have been busy and it la estimated that the
number of pelts now held by school chil
dren in this county will compare favorably
with the number marketed last year, but the
price is not quite so good as a year ago.
Bank Clearings.
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings.
Portland $5,020,572
Seattle 7.215.304
Tacoma 1.20S.612
Spokane 1. 200.029
Balances.
1.454.601
1.502.518
428.102
132.634
Commenting on the meat stock situation
the report says:
"Beef cattle In the central and south
eastern portions of the state cattle were
sold off much closer than usual during the
early Fall, on account of hay shortage.
Elsewhere in the state reports Indicate that
the number on hand is somewhat larger
than a year ago. This is particularly true
of breeding stock and young animals.
"Sheep The number of sheep in farm
flocks materially increased during 1918. In
several counties this increase was reported
around 20 per dent. But in some of the
range districts a falling off in the number
of sheep is reported. Some of the larger
owners decided that the 'peak price of
sheep and sheep products had been reached
last Fall and they materially reduced the
size of their flock?.
"Hogs The number of stock hogs listed
toy County Assessors on March 1, 1918,
showed an increase of about 25 per cent
over the number listed on March 1, 1917.
The 1917 enumeration was the lowest in
numbers since 1911. Brood sows have been
in good demand during recent months. It
seems probable that hogs will continue to
increase in numbers.'
PORTLAND MARKET QUOTATIONS
Grain. Flour, Feed. Etc.
Noon session Merchants Exchange.
Northwestern sacked grain:
' Bid
Jan
Barley
Standard feed S4S.5Q 1 17.50
Standard "A" 49.00 48.50
Eastern oats and corn in bulk:
Oats
No. 3 white 40.00 41. 0O
58-pound clipped, white 43.00 44.00
Corn
No. 3 yellow 52.00 52.00
No. 3 mixed 50.00 41.00
Feb. March.
$47.00
48.00
BARLEY SELLS SLIGHTLY HIGHER
Firmer Tone In Corn Market in Sympathy
With Improvement East.
The local com market responded to the
Improvement East and bids on mixed corn
at the exchange were advanced $1. Bulk
oats varied from $1 lower to $1 higher
than Saturday. There were no offers for
sacked oats. Barley averaged about 50
cents higher. One hundred tons of Jan
uary feed barley was sold at $49.
Weather conditions in the Middle West as
wired from Chicago: "Winnipeg, cloudy, 30;
Chicago, foggy, cool; Peoria, clear, 34; Kan
sas City, cloudy, 41; St. Louis, clear, 35;
St. Joseph, cloudy, 30: Top- ka. partly
cloudy. 36; Omaha, clear, 20; Grand Rapids,
part cloudy, pleasant; Toronto, cloudy, 18;
Ohio Valley, clear, cold."
Argentine cables reported unsatisfactory
conditions at the loading ports, with the
labor situation still unsettled.
At San Francisco the first export cargo
of barley. 12,000 tons, has started loading.
The American visible wheat supply com
pares as follows:
NEW YORK. Jan. 27. Although a spirit
of moderate optimism prevailed In finan
cial circles today, reflecting the weekly
reviews of leading financial Interests, the
stock market made Indifferent response,
traders evincing a disposition to await im
pending events.
Foremost among these Is tomorrow's ses
sion of the United States Steel directors,
when the fourth quarterly statement of last
year Is to be ratified, together with action
on the common stock. Movements of United
States Steel during today's lethargic deal
ings conveyed little hint or Intimation o!
any change In the recent rate of disburse
ment, steel closing at a sma.l fractional
gain after having lost about a point. Other
Issues of the same class reacted 1 to 3.
Shippings furnished a concrete Instance
of caujie and effect. Marine preferred drop-
pins s - pomes on announcement ai h ur- . . ,, , ,
tic cut in ocean freight rates by urltlsn T -
ships. Atlantic Gulf losing 3. -"
Minor rails were intermittently strong.
but Investment issues inclined to lower lev
els. Sales amounted to 400.000 shares.
Heavy buying of United Kingdom Issues
at a slight gain was the only feature of
the bond market, liberty bonds easing with
other domestic groups. Sales, par value,
aggregated $10,200,000. Old United States
bonds were unchanged on call.
CLOSING STOCK QUOTATIONS.
Closing
Sales. High. Low. bid.
Am Beet Sgr 500 6ST4 68H 68"
Amer Can 3.200 47 461, 46
Am C & Fdy.... 2.0O0 !.'. 89
Am Locomotive 59
Am Sm A Ffg.. 4.000 70 69 70
Am. Tel A Tel.. 300 100", 100 100,
Ana Copper 2.800 59 58 59
Atchison 2.00 93 92 93
a i; ft w h i h.oo nn na ir.t
Bait A 0 1.IKXI
Cal Pet 2,600
Can Pac 700
On Leather 1.100
Che, A Ohio 800
C, M St. P 2.300
C. R I A P 600
Chino copper. . . . 800
Colo F A Iron. . . 20
Corn Pdts Ref . . 1.SOO
Crucible Steel... 900
Cuba Cane Sgr..l6.40O
uist securities. . . 1.200
900
With practically all stocks of fancy fruit
sold. Portland dealers, it appears, are eager
now to purcrase supplies of the better
grades of spples. According to C. W. McCul
lagh, sales agent of the Apple Growers' As
soclatlon. who left yesterday for Chicago
to attend the annual convention of the
Western Fruit Jobbers of America. Port
land dealers, who declined every opportunity
to purchase extra fancy apples last Fall,
have been sparring around the past week
with owners of, apples held in storsge.
Commenting on the criticism of a Port
land evening newspaper, that the local sales
manager favored Seattle to the detriment of
Portland. Mr. MrCullagh characterizes the
article as piffle. Mr. McCullagh says that
. Seattle has-been a better purchaser of Hood
I River strawberries. "But as a matter of
sold only one carload of
past season.
Dried 1 . ,-,t at New York.
NEW YORK. Jan. 27. Evaporated apples
strong: state. 15ei7c.
Prunes In good demand; Calif ornlas, 10
V ic; oregons. 12TJ1SC
Peaches, nominal.
Erie ...
Gen Electric.
General Motors.. 800
Gt Nor pfd 50O
Gt Nor Ore ctfs.. 2,800
Illinois Cen
Insp Copper .... 1.300
Int Mer Mar pfd38.200
Inter Nickel .... 1.900
Inter Paper .r... 300
Kenn Copper ... 700
Lou!.- A Nash
Maxwell Motors
Mexican Pet . . . .3S.20O
Miami Copper.... 900
Missouri Pacific Z.SOrt
86
"76
59
93
IOI
4R
24
l.-.o
50
55
s.".0
23
33
36
47
53
22--,
52
16
124 "
92
37
"i.V '
102
34
32
Nevada Copper.. 20O
N. Y. Central 60O
N Y. N H A H. . 500
Nor & Western
Nor Pacific .... 300
Pac Tel A Tel
Pennsylvania . . . 2.700
Pittsburg Coal
Roy Con Copper. 200
Reading 4,400
Rep Iron A Steel
Sou Pacific 4.800
Pou Railway ... 1.300
Studebaker Cor. . 4.300
Texas Co ..23.800
Union Pacific . , . 1.300
U S Ind Alcohol 900
D S Steel 68.500
U S Steel pfd
Utah Copper . . . 2.200
Westing Electric 1.900
Beth B 7.900
KM
23
25
16
72
29
'90
'45
'26
78
"no' "
27
40
104
127
103
02',
Low.
68
46
88"
"9
100
58
2
99
48
23
158
58
55
S8
23
33
36
47
53
20
52
10
123"
92
37
44
9S
26
34
32
164
23
24
16
71
29
'96
'44
20
77
"As"
26
48
1S
130
102
90
69
41
0
E CATTLE SENT EAST
SniPMEXTS jLAST year gained
2 5 TO 4 0 PER CENT.
J! In Same Period, Receipts at Port
land Stockyards Increased
Over 11,000 Head.
1. -.-'.
r..s -,
55
38
23
33
36
47
53
21
52
16
140 1;
123
92
37
95
44
98
26
3 1 1
82 113
28
167
23
24
16
72
20
105
90
23
45
46
20
78
74
98
26
-
10:i
127
102
92
115
70
41
00
Livestock of Oregon origin passing through
tne romanu 1 nion Mockyrai for the year
mis as compared with the two years pre
vious are represented by the following num-
uers:
1018. 1917. 1016.
Cattle S0.10S 08,884 40.941
aives 4.883 3,021
Hogs 166.558 154.828
Sheep 102.298 85.502
1016
$8.n:i
6.6.1
9.33
Bushels. Decrease.
.128.671.000 2,313,000
. 15.127.000 1.135,000
. 40,659.000 2.157. 000
. 68.458,000 473.000
. 63,456,000 2.881.000
. 61,053,000 S3S.0O0
Increase.
Terminal receipts in cars were reported
by the, Merchants Exchange as follows:
w neat. isariey.i? lour.ejats. May.
January 27, 1919...
January 2S. 1018...
January 29, 1917...
January 31, 1016...
January 25, 1915...
January 26, 1914...
Portland, Mon. 13 19 1 12
Year ago . . 2 2 7 6 33
Season to date. 5983 835 1604 575 2295
Year ago 312 204 613 900 1362
Tacoma. Thur 5
Year ago 18 ... . 8
Season to date. 4424 19 ... 128 93S
Year ago 3040 6S 100 120S
Seattle. Sat 3 ... 13 ... 1
Yearago 7 2 10 ... S
Season to date. 4543 49 931 484 2078
Yearago..-. .. 3350 238 1122 880 2345
WASHINGTON MILK CATTLE DECREASE
Reduction of ?4,000 Head In Past Year Is
Reported
The decrease in the number of dairy cat
tle In Washington In the past year la est!
mated at 24,000 head, according to a state
ment issued by E. T. Marchettl, of Spokane,
field agent of the bureau of crop estimates,
which says:
"A material reduction Is evident In the
number of milk cows in the state, due to
high prices of hay, lack of millfeed and
feed crop failures, resulting in insufficient
income from the sale of milk in proportion
to the cost of maintaining dairy herds. De
creases are reported for practically every
county, being most severe In the large dairy
sections.'
The number of head of livestock In Wash
ington on January 1, 1919, and 191S, com
pares as follows:
Horses
Mules
Milk cows . .
Other cattle
Sheep
Swine
Jan. 1,
1919.
. . .303.0O0
. .. 20.140
. . .216,000
...307.200
. . .779.980
. . .316.000
Jan. 1
1018
300,000
19.000
240.000
320. 000
661.000
283,000
POTATO MARKET TONE FAIRLY STEADY
Some Easing Off of Prices at Idaho Ship
ping Points.
One car of Oregon and two cars of Wash
ington potatoes arrived. Thre was a mod
erate demand for choice and a slow demand
for cheap stock. Average Burbanks sold at
$1.5001.79 and poor grade down to $1.25.
Gems were held at $1.007 2. Oregon potato
shlpnTi's were two cars to Stockton and
one to Redding.
The general tone of the potato market
was fairly steady. Wisconsin and Minne
sota sacked round whites ranged firm In
the Chicago carlot market at $1.5 and
41.0O
44.00
02 00
51.00
WHEAT Government basis, $2.20 per Du.
FLOUR Patents, $11.05 per barrel,
bakers'. $10.7010.85; whole wheat, $0.85 47
10; graham, $9.65&9.80. corn meals, $9,506
10.30.
MILL FE K D Mlllrun. f. o. b. mill, carlots.
$45 per ton: mixed cars. $45.50: ton lots or
over. $47: less than tone. $48: rolled bsrley
$5456. rolled oats, $58 660; ground barley
$54 i 56.
CORN Whole, ton, $87069; cracked, $6U
71.
HAY Buying prices, f. o. b. Portland
Eastern Oregon timothy. $30 32"- per ton.
alfalfa. $26.50; Valley grain hay. $26; clover,
$20627; straw. $9 610.
Dairy ana Country Produce.
BUTTER Cubes. extras. 50c; prints,
parchment wrappers, extras, box loti 54c:
cartons. 50c; half boxes. c more; less than
half boxes, lc more; butterfat. No. 1. 506
52c per pound, station.
EGGS Oregon ranch, case count. 50c:
candled. 516 55c; selects, 55c per dozen.
CHEESk TillamooK, f. o. b. Tillamook:
Triplets, 38c: Young Americas. 30c; Coos
and Curry County: Triplets, f. o. b. Myrtle
Point. 35 c.
POULTRY Hens, 28331c; Springs. 20c:
orollcrs. 38c: roosters, 18c; due-ks, nominal;
geese, nominal; turkeys, nominal.
VEAL Fancy, 22c per pound.
PORK Fancy, 21c per pound.
Fruits and Vegetables.
Local lobbing quotations:
FRUITS Oranges, navels, $4.00 6 4.75;
lemons, $566 per box: bananas, 8 69c;
ner nDund . aDDles. $1.25 3.2 oer box: Dears
$2. 25 a 2.50 per box; grapes, $7 per keg;1
grapefruit, $36 7.
VEGETABLES Cabbage. $2.0063.00 per
100 lbs.; lettuce. $264.25 per crate; peppers.
25c per lb.: celery. $561 per crifte; egg
plant, 106-Oc per pound; artichokes. $1.75.
cauliflower, $3.70 per crate; garlic, 50c
per poflnd; pumpkins, 2c per pound,
squash 2c per pound; beets. $2.25 per sack ,
carrots, $2.25 per sack; turnips, $2.25 per
saok; cucumbers. $2.25 per dozen; sprouts,
15c per pound.
POTATOES Oregon Burbanks. graded.
$1.501.75; Yakimas, $1.0062; sweets, 4
60c.
ONIONS Oregon. $1.85 6 2.25 per hundred.
Staple Groceries.
Local Jobbing quotations:.
SUGAR Sack basis: Fruit and berry,
$9.55; beet, $0.25: extra C. $9.15: powdered,
in barre-.s, $10.25; cubes, in barrels, $10.45.
NUTS Walnuts. 27 4j35c; Brazil nuts. 32c;
filberts, 28c, almonds, 24 6 30c; peanuts, 15c
SALT Half-ground, 100c, $15.90 per ton;
50s, $17.25 per ton; dairy, $25 per ton.
RICE Unbroken, 9611c per pound.
BEANS Jobbing prices: White, 8
10c; colored, 869c.
COFFEE Roasted. In drums, 25 6 40c
Provisions.
Local Jobbing quotations:
HAMS All sues, choice. 39039e; stand
ard. 38 638c; skinned, none; picnic, 27c;
cottage roll, 36c.
LARD Tierce basis, 27c; compound,
23 c.
BACON Fancy, 51653c; standard, 476
49c: choice. 35 644c.
DRY SALT Short, clear backa.28 6 34c;
plates, 255 27c.
Hides and Pelts.
HIDES No. 1 salted. 30 pounds and up,
13c: No. 2 salted, 30 pounds and up. 12 c;
No. 1 green. 30 pouo-.a and up, 10c; No. 2
4reen, 30 pounas a-j up, asc: No. 1 salted
bulls. 50 pounds id up, 10c; No. 2 salted
bulls. 00 pounds and up, 9 Vic; No. 1 green
bulls, 50 pounds and up. 7c; No. 1 green
or salted calf skins up to 15 pounds, 30c,
No. 2 green or salted calf skins up to IS
pouuds. 28 c; No. 1 green or salted kip
skins. 15 to 30 pounds. 14 c: No. 2 green or
salted kip skins, 15 LP 30 pounds, 13c; dry
flint hides. 7 pounds and up. 28c; dry flint
calf, under 7 pounds, 38c; dry salt hides, 7
pounds and up. 22c; dry salt self, under 7
pounds. 32c; dry cull hides, or calf, half
price; dry stags, or bulls, 18c; dry salt
stags or bulls, 12c.
PELTS Dry long-wool pelts, per pound,
15c; dry short-wool pelts, per pound, 10c;
salted long-wool lamb pelts. each $1.50
b'2.50; salted sheep pelts, each $1 2562.25.
dry sheep shearlings, each 15 6 35c; salted
sheep shearlings, each 35 'g aoc
70
41
61
BONDS.
U S ref 2s reg. 97iPa con 4s....95
do coupon ...97U P 4s 86
U S 3s reg 89 lU 8 Steel 5s IOA
do coupon ...89 IS P cv 5s 101
U S 4s reg. . . . M04 1 Anglo-Fr 5s ..97 7-16
do coupon ..'104'U S Lib 3e... .99.12
Atch gen 4s.... 84 I do 1st cv 4s..93 0O
O A R G 5s 521U S 2d 4s 93.22
NYC deb 6s.. 99 do 1st cv 4s. 95.48
N P 4s "84 I do 2d cv 4?. 94 68
N P 3s 60 do 3d 4s 95.48
Psc TAT 5s..94 do 4th 4s 04.46
Bid.
2O7.320
112.778
Average top prices per cwt. for 1918. also
tor two years previous, as quoted by the
r-oriianu union stockyards Company, are
as follows:
1918. 1917.
Steers $13.27 $10.10
Cows 10.06 8.30
Hogs 18.16 15.83
Lambs 15.80 13.40
The Portland stockyards constitute, the
principal market place for Oregon stock
and the figures show quite a decided In
crease In the sales or all classes of live
stock In 1918 over 1917. However, a con
slderable quantity of stock from the eastern
portion of the state Is shipped to Middle
west market points, shipments of cattle
eastward in 1018 are reported to have been
Bo to 40 per cent greater than in 1917. East
ward movement of Oregon sheep and hogs
is reponea as oetng less in nils than In 1917
The run at the yards yesterday was Ilahte
than customary at the opening of the week,
only 40 tars being unloaded. The cattle mar
ket held steady. The quality was good and
as Duyers snowed more Interest than they
uia last weex tne stork went at good prices
1 op steers soia st iijuu. The nog marke
was firm with $17 as the top and th'
bulk of sales st $16 80. Nearly all that ar
rived were sold. There was also a good de
manct for sheep and lambs.
Receipts were 887 cattle, 7 calves. 233
nogs and Oil sheep.
The days sales were as follows
Food Administration Statement Va
riously Interpreted by Chicago
Traders Tone at Close I inn.
CHICAGO. Jan. 27. Uncertainty as te
what action would be taken tomorrow re
garding a Government standard for hog
values during February haU much to do
with violent fluctuations witnessed today
in the corn market. Closing prices of corn
were strong at c to lc net advance.
with May $1.16 and July $1.14 to $1.14.
Oats finished unchanged to lc off and
I.rovislon unchanged to a decline of $1.
From the beginning until the end it was
whipeaw market in corn, mainly mm m,
result of conflicting Interpretations of a
statement which Food Administrator Hoover
had Issued touching the problem to be
solved tomorrow at the Washington con
ference over hog prices. Assumptions were
general at first that the Hoover statement
implied maintenance of the January hog
basis. Then a directly opposite view be
came prevalent, and still later another com
plete reversal of opinion. While bears were ;
temporarily In control the market dropped .
to the lowest level yet this season for all
deliveries excpl January. A Clg cut in
shipping rates from the United States to
Great Britain aided the final upturn of the
market.
Oats displsyed independent weakness.
Neither exporters nor domestic shippers were
bidding.
The only demand for provisions was from
shorts. Pork and ribs finished at the max-
mum setback allowed for a single day.
Leading futures ranged as follows: w
CORN.
Open. High. Low. Close.
May $1.15 $1.16 $1.11 $1 16
July 1.13 1.14 1.08 1.14
OATS.
Mar 5ft .59 .54 .57
July 56 .57 .53 . 55
MESS PORK.
Jan.
May
Jan.
May
37.20
LARD.
22.47
36 6"
L30
43 OO
36 60
22.47
17
20.85
20.12
22.40
211.45
SHORT-RIBS.
Jan
May
Cash prices were:
Com No. 3 yellow. $1.2061.22: No. 4 yel
low. $1.1561.18: No. 5 yellow, $1.1261.15.
Oats No. 3 white. 52655c; standard.
.-- 1 I'.'-.- . '
Rye No. 2. $1.57 61.59.
Barley 7290c.
Timothy $7610.
Clover Nominal.
Pork Nominal.
Lard $22.47.
Ribs $21.376 22.37.
Minneapolis Grain Market.
MINNEAPOLIS. Jan. 27. Barley. 73 6 86c.
Flax. $3.25 63 27.
Grain at San ' Francisco.
SAN FRANCISCO. Jan. 27. Flour. $11.45
per barrel.
Grain Wheat. Federal basis, $2.20: white
feed oats, unquoted; California yellow corn,
$2.7063: barley, feed. $2.17.
Hay Wheat or wheat and oats. $22 6 24:
tame oats. $21623.50: barley, $16618; al
falfa. $18622: barley straw. 50680c.
Meals Alfalfa. $36: cocoanut. unquoted.
Hope at New Yrk.
NEW YORK. Jan. 27. Hops Firm:
state, medium to choice. 1918, 30 6 40c; 1017.
206 22c; Pacific Coast, 1918. 386 42c; 1917.
25i 30c
Mining Stocks nt Boston.
BOSTON. Jan. 27. Closing quotations:
Allouez 43 tOsceola 47
Calu A Ariz. ... 59 IQulncy 57
Calu A Hecla. . .425 Superior 4
Centennial 12'Sup A Boston... 2
Cop Range .... 42 Shannon 4
East Butte a lutah Con 7
Franklin 3 Winona 80
Lake Cop 2l Wolverine 19
Mohawk 51 IGranbv Con .... 78
North Butte ... 10 Greene Can 43
Old Dom 34
Money, Exchange, Etc.
NEW YORK. Jan. 27. Mercantile paper,
56-5 per rent.
Sterling 00-lay bills. $4.73; commercial
00-day bills on banks, $4.72; commercial
Mi-day bills. $4.72: demand, $4.73; ca
bles. $4.76. Franca, demand 5.45. ca
bles 5.45: guilders, demand 41, cables
41: lire, demand. 6.37, cables 6.35.
Mexican dollars, 77 c.
Time loans firmer: 60 dsys. 90 days and
six months, 55 per cent.
Call money easier. High. 4 per eent: low,
4 per cent: ruling rate, 4 per cent; closing
bid, 3 per cent; offered at 4 per cent; last
loan. 4 per cent; bank acceptances, 4
per cent.
LONDON. Jan. 27. Money. 3 per cent.
Discount rates, short and three months'
bills. 3 17-32 per cent.
Eastern Dairy Produce.
NETW YORK. Jan. 27. Butter unsettled:
creamery higher than extras, 52 653c:
creamery extras 51 6 52c; ditto firsts 49
631c.
Eggs firm: fresh gathered extras 62c:
fresh gathered regular packed extra firsts,
60661c; ditto firsts. 59659c.
Cheese unsettled. Receipts 1812; state cur
rent market sales, 88c; ditto average run,
35c.
CHICAGO, Jan. 27. Butter, weak. Cream
ery. 47 6 53c.
Hggs Lower. Receipts. 5812 cases; firsts,
52c; ordinary firsts. 51651c; at mark.,
cases Included. 51652c.
Coffee Prices Ease Off.
NEW YORK. Jan. 27. There was a re
newal of scattered trade, local and Wall
street selling in the market for coffee fu
tures here today and after opening steady
at an advance of 2 to 3 points, prices eased
off. Closing bids: May, 13.1nc; July. 12.95c:
Sept.. 12.80c; Oct.. 12.85c; Dec. 12.70c; Jan.
12.65c.
Speit coffee, dull; Rio 7s, f4c; Santos 4s,
21 c.
Comparatively few fresh offers were re
ported In the cost and freight market. Those
noted Included Santos 4s at 18.70c to 18.90c;
London credits.
Naval Stores.
SAVANNAH. Ga.. Jan. 27. Turpentine
firm. 60c ; sales. Ill barrels: receipts. 129
barrels; shipments. 661 barrels: stock, 30,154
barrels.
Rosin, no trading: sales, none; receipts,
39 barrels: shipments. 5010 barrels; stock,
nn.GOO barrels. Quote: B. $15.10; D and E.
$13.15; F. $13.20; O. $13.25; H. $13.36;
I. $13.65; K. $15.75; M. $16 25; N. and WG.
$16.50; WW. $16.75.
Metal Market.
NBW TORK. .fan. 27. Copper, nominal.
Hlee-trolyttc. 10 623c.
Iron, nominal. No. 1 Northern and No. 1
Southern. $31 00 6 37.00; No. 2 Southern and
o. 2 Northern. $32.25635.25.
Tne Metal Bxeliange quotes lead nominal.
Spot nnd January offered at 5.50c.
Spelter, nominal. Bast St. Louts delivered
spot offered at 7.00c.
Wt Prlce.l Wt. Price.
Scows... 1O90 $10.O0;2O hogfl. . . 180 $16.75
5 cows... 960 9.00 82 hogs. . . 120 16 85
2 cows... 730 8.00 4 hogs... 570 14.85
11 cows... 090 9.35! 2 hogs... 270 15 5
lcow.... 1O70 10.00'14 hogs. . . 120 15.00
3 cows 13110 10.Su,K4 hogs. . . 190 16.73
lcow.... 1O80 D.OO'12 togs. . . 340 14.75
SO cows. .. 1270 7.75;6 hogs. . . 20A 16.85
lcow.... 730 6.56 10 bogs .. . 200 15215
lcow.... 85rt 10.10 46 hogs. . . 170 13.50
2 cows.... KID 5 50 37 bogs. . . ISO 16.80
lcow 1010 7.00138 hogs. . . 130 15.00
Scows... 890 7.O0.99 hogs .. . 20O 16 85
lcow.... OHO 5.50' 5 hogs... 250 16.UO
4 cows 1080 8.25113 hogs. . . 130 15. OO
30 steers.. 860 1I.OO.S3 hogs. . . 180 17. 00
42 steers.. 800 8.75108 hogs. .. 210 16 an
3 steers.. 1080 12.011. 4 hogs... 240 16 so
1 steer... 940 11.50 8 hogs... 140 16.75
28 steers.. 020 ll.oo! 14 hogs. . . 210 16 so
1 steers.. 1210 12.00'K5 hogs. . . 200 16 SO
1 steer. .. 1010 10.O0I15 hogs. . . 340 16.70
1 steer. .. 9GO 8.5o; 9 hogs... 170 16 80
3 steers.. 010 12.oo;53 hogs. . . 200 14.80
1 steer... 12SO 12.001 3 hogs... 3H0 15.00
23 steers.. MM 15.6li 5 hogs. . . 210 16.50
24 steers.. 930 11.35 ' 2 hogs... 2211 16.35
5 steers.. 700 8.5lt( 9 hogs 190 16.40
7 steers.. 080 10.75 41 hogs .. . IftO 16.50
1 bull llOO 7.0O 5S hogs. . . 210 16 SO
lbiill.... 890 8.50 25 hogs. . . 200 It; So
lbull.... 1520 9.O0 03 hogs. . . 20O 10.80
1 bull 1340 i.OO! 3 hogs... 200 15.20
lbull.... 720 5.0O1 6 hogs. . . 230 1 6 65
lbull.... 890 e.OO! 3 hogs... 200 15 20
2 bulls... 1050 6.50! 2 lambs... 13n 13 OO
lbull 1340 7.O010 lambs. . 70 12 50
lbull.... 1470 S.ooi 8 lambs.. 130 10 50
1 heifer.. 061 8.50! 4 lambs.. 140 8.00
3 heifers. 610 8.50 158 ewes . 10O 6.50
1 calf 280 12.50! 1 lamb... 110 15. OO
5 calves.. I6O 8.00 lbuck... ISO 10 O0
70 hogs... 120 l.'i.OOl
)ei6.on
6 13.25
Hops. Mohair, Etc.
HOPS Oregon, 1018 crop. 38640c per
oonnd: 1919 conTaeis, -oc per pound.
MOilAIK Long siapie, ouc; snort staple.
if.. linrrv. 15 'a 20c.
TALLOW No. J. ec per pound; rsc. 2, 5c
per pound: grease. No. 1. 5c; No. 2, 4c per
pound.
Oils.
GASOLINIS Bulk. 21c; engine dlatlUate,
bulk. 12c; kerosene, bulk. 10c: cases. 20c
LINSEED OIL Raw. barrels. $1.86: cases.
$1.96. boiled, barrels. $1.88; cases, $1 98.
TURPENTINE In tanks. 89c; cases. 99c
Prices current at the local yards are as
follows;
New York Sugar Market.
NEW YORK. Jan. 27. Raw sugar, steady.
Centrifugal. 7.28c. Refined, steady. Cut loaf,
10.50c; crushed. 10.25c: mould A. 9.50c;
cubes. 9.75c; XXXX powdered. 9.20c; pow
dered. 9.15c: fine granulated and diamond
A. 9.0Oc; confectioners' A. 8.90c; No. 1, 8.86c.
SAN FRANCISCO PRODUCE
MARKET
Fresh
Ve pay 22c for first-class veal. We
pay 21c for first-class pork. Frank L.
Smith Meat Co.. "Fighting the Beef
Trust,' 228 Alder St.. Portland, Or. We
never charge commission. Adv.
Prices Current on Eggs, Vegetables
Fruits, Etc., at Bay City.
SAN FRANCISCO, Jan. 27. Butter, 316
oVc.
E$s Fresh extras. 52c; fresh extra
pullets, 47c.
Cheese California new firsts and Young
Americas, unquoted
Poultry Hens. 35 6 38c: young roosters. 37
V3SC; orouers, ux; fryers, me i.v ,
geese. 2S631C: turkeys, dressed, 39642c;
pigeons, $2.250 3; squabs. 50660c.
Vegetables Celery. $5.506 7.25; squash
cream. 75c6$l; Hubbard. $1.50 H 2; eggplant.
Florida. 25 6 35c; peppers, bell. 506
chile, 12615c; tomatoes. $2.7563.25; Los
Angeles lettuce. $Z. 563.23; potatoes. Sa
linas. $2.5O62.S0; rivers. $1.906 2.10: sweet,
$3.65r3.75: new, 567c; dry onions. $1.75 6 2
garlic. 2-V'30c: cauliflower. 75c Q $1 : beets
Quotstlons on the various classes of live
stock at the local yards follow:
cacti Price.
Prime steers f is.nov 13.66
Good to choice steers 10.25tsll23
Medium to good steers 8.756 9 23
Fair to good steers 7.756 8 73
Common to (air steers 6.75 6 7.25
Choice cows and heifers 9.25i 10.25
Good to choice cows and heifers 8.75 6 9.7$
Medium to good cows, heifers. 7.50 6 8.50
Fair to medium cows, heifers.. 5.756) 8.73
Canners S.306 5.00
Bulls 6.006 P 00
Calves 8.50613 00
Hogs
Prime mixed 18.80617 00
Medium mixed 16.50616 73
nousn neavy la.tro
Pigs 14.00
Mleeo
Prime iambs 13.7561450
Fair to medium lambs 9 00 611 00
Yearlings 10.0O61l.3S
Wethers . 9.006 10.00
Ewes 8.0O6 8-Of
Chicago Llvmtork Market.
CHICAGO. Jan. 27. (U. S. Bureau of
Markets. ) Hogs Receipts 44.000. market
slow, steady to strong. Spots, higher on
choice butcher grades; one load at $17.85:
practical top, $17.75; limited demand for
light and light mixed hogs. Bulk of sales,
$17.40nl7.70; butchers, $17.50617.75; light,
$10.1.56 1 7.50: packing. $16.50617.30; throw
outs. $15.75616.50; pigs, good to choice:
$11.75615.
Cattle Receipts 22,000. slow, bulk steady :
calves slow 50c lower. Stockers and feeders
steady. Beef cattle, good, choice and prime.
$15.85620: common and medium. $9,256
15.85; butcher stock, cows and heifers. $7.15
614: canners and cutters, $5.85 6 7.15; stock
ers and feeders, good, choice and fancy,
$10.50614.25; Inferior, common and me
dium. $7.75 6 10.50; veal calves, good and
choice. $13.30614.
Sheep Receipts 17.000. market strong to
higher, some yearilngs n up; lambs, choice
and prime. $16. 10 16.25 : medium and good.
$15j 18.10; culls, $11.30 6 14: ewes, choice
and prime. lion lo.7.; medium and good,
$9.23610.50; culls. $5 3 7.75.
Omaha Livestock Market.
OMAHA. Jan. 27 Hogs Receipts 11.50O.
steady. Heavy, $16.93617.45; mixed. $18.90
617. lo: light, $1U.5H6 17.25; pigs. $15617:
bulk of sales, $16.90 617.13.
Cattle Receipts 8700. slow to 10613c
lower. Native steers. $126 18.50: cows and
heifers. $7.50613.50: Western steers, $0 50
616: Texas steers. $s.5on 12.5; cons and
heifers. $7611.50: canners. $u.50u7.5n-.
stockers snd feeders. $6.50613; calves. $S "j'l
6 18 50.
sheep Receipts 3300. strong 108 15c
hlgher. Culls. $56": wethers. $11612; ewes.
$9610.50: lambs, $14,506 15.90; feeder lambs.
$106 15.30; yearlings. $1 613.
Seattle Livestock Market.
SEATTLE. Jan. 27. Hogs Receipts 1827.
Steady. I'rlm. $1.-23617.40; medium to
choice. $17o 17.15; rough heavies. $156 15.90
Pigs. $156 16.40.
Cattle Receipts 182. Strong. Best steers.
$11.50613.50; medium to choice. $10.506 11:
oo-nmon to good. $669.50: best cows and
heifers. $8.5061 50: common to medium,
$5 6 7.50; bulls. $..68: calvey 87 612. 50
Peace Investments
T ONG-TERM bonds at
present prices appear
to be desirable as perma
nent peace inYestments.
A circular describing a
elected and varied list of
such issues yielding from
5.45 to 665 will be fur
nished upon request for
Or-201
The National Gty
Company
Portland Railway Ei. Bids.
Telephone 60T5 Main
HALL & COMPANY
BUT AND SELL
Railroad
Public Utility
Industrial
Municipal
BONDS
YIELDING
5 to 7 .
Foreign Government Loans
Local Securities
Preferred Stocks
Lewis Bids Portland, Or.
FACTS
NO.
426
:
:
!
:
t
LAND
VALUES
INCREASED
The owners of land
contiguous to the re
cently completed
road between Oregon
City and Canby esti
mate that It has In
creased the value of
their holdings $15
per acre. The resi
dents of this vicinity
are out of the mutl
and ran "come and go
at will nt any and all
times, for wind, rain
or snow does not Im
pede traffic over a
road paved with
BITULITHIC
WARREN BROS, CO.
Journal ni.u ..
Portland. Or
TRAVELERS' Gl'ltlE.
AUSTRALIA
Honolulu. Suva, Now Zealand
AUSTRALASIAN ROYAL MAIL LIKE
La t. ntrest. tet -equipped eteamei
Tor tare and aalllDcs aopl Can. Pac. Rati-
: wit. Efcrt Thirrl M.. Portland, or iipnerii
SI.::, j i .. tercel. $20l.?fta luxuis. 11 Accnt, 410 j bt., Vancouver. D. C.
70,000 In Use
PLAY SAFE ORDER AX
Indiana Silo
FROVKM uii. II I BY TEST.
SPAULDING LOGGING CO.
Saleaa. Or.
WE OWN AXt OFFER, SUBJECT TO PRIOR SALE AND CHANGE IN
PRICE:
GOVERNMENT AND
MUNICIPAL BONDS
OREGON Rjete Maturity Price Yield
7:,000 Astorla Municipal Gold Bonds... & A0 l:g-5S 100.00 fi.00
3.000 'Astoria, City of. Oregon. Water. S J&J 1937 100. 00 S.00
468 -Astoria. City' of. Municipal Sep 193 To Net S.B0
2.500 tAstoria. Ore.. Imp. Ser. No. 15... C FA-A 1933 To Net 5.50
2.500 t " " " " ... F&A 193 To Net 5i0
2.000 t " " " " ... F&A 193 To Not 5.0
4tt- " " " " ... F&A 1938 To Net 5.0
2.000 Bend. City of. Ore.. Fire Equip.. M&S 1931 To Net 5.36
3.000 " . . MAS 1932 To Net 5.26
500 tForest Grove. Cltv of. Ore.. Rfdg. MAN 1934 107.00 5.25
4.600 t " 6 MAN 1935 107.37 5.25
1.000 tuinnton. City of. Or C JsU 1919 100.49 6.00
600 tOregon City. Oregon. Imp S J&D 1921-25 102.03 6.125
1.000 tOregon City. Oregon. Water 6 AAO 1943 100.00 6.00
500 tPortland. Ore.. Imp C F&A 1919 100.49 5.00
1.000 tPortland. Ore.. Imp J&J 1930 101.41 5.00
30.000 Portland. City of. Ore., Water 4 M&S 1S37 93.66 4.50
50.000 'Portland. City of. Ore.. Dock 4i J&D 1943 97.08 4.70
7.000 'Warrenton. City of. Ore.. Muni.. 6 MAN 1928-38 100.00 6.00
WASHI NGTON
5.000 'Clark County. Wash.. Funding.. 6Hr JAJ 1921 100.94 fi.00
3.000 'King Co., Wash.. Harbor Imp 4 JAJ 1924 99.04 4.70
1.000 'Seattle, City of. Wash 4 MAN 1938 95.00 4.70
1.000 'Seattle. City of. Wash. S. D 4V& MAN 1928 98.56 4.70
. 5.000 'Seattle, City of. Wash.. S. D 4 MAN 1926 98.83 4.70
1.000 TYaklma County. Wash.. Road... 6 J&J 1920 101.50 5.20
' IDAHO
1.000 tCoeur u'Alene. Idaho. Refdg 6 JAJ 1925 103.83 5 25
2.000 t " " " 6 JAJ 1928 104.36 5.2a
1.000 'Gooding Co., Ida . High. A Bridge 6 JAJ 1927 102. S7 6.60
3.000 -- JAJ 1928 102.87 5.50
3.000 J&J 1939 103.87 6.50
3.000 s J&J 1930 102.87 5.50
1.000 'Nea Perce County. Idaho 6 J&J 1935 105.38 5.50
1.000 'Nez Nerce County. Idaho 6 JAJ 1936 105.57 5.50
UNITED STATES GOVERNMENT BONDS
2.000 tFederal Farm Loans 4 M&N 1932-37 100.81 4.25
CANADA
2.000 'Alberta. Province of 4 F&A 1924 95.68 6.60
71.100 tAlberta. Province or 64 JAJ 1939 100.00 5 50
15.000 'Dominion of Canada Gold Notes. . 5 FA A 1919 100.00 5.00
1,000 'Dominion of Canada 5 AAO 1921 99.00 5.50
160 IDomlnlon of Canada War Loan.. 54 JAP 1932 100.00 5.50
2.600 'tDomlnion of Canada 5 M&S 1937 96.50 6.30
27.000 'Greater Winnipeg Water DIs 5 JAJ 1921 97.71 8.00
60.000 'Greater Winnipeg Water DIs.... 5 JAJ 1922 96.88 6.00
50.000 'Greater Winnipeg Water DIs.... 5 FAA 1923 96.50 6.00
69.000 tMontreal. City of, Prov. Quebec 6 MAN 1923 100.94 6.75
56.000 tMontreal. City of. Prov. Quebec 6 JAD 1922 100.88 6.75
1.000 'Saskatchewan. Province of 5 M&N 1921 98. S5 5.75
16.000 'Toronto. City of. Ont 5 J&D 1921 98.55 6.76
SHORT-TERM FOREIGN GOVERNMENT NOTES
2.000 'American Foreign Sec. Co 5 FAA 1919 100.00 5.00
10.000 'U. K. Great Britain Gold Notes.. 5i MAN 1919 100.50 6.00
-Denotes fractional bond. IDenotes $50 denomination. tDenotes bonds
of 8500 denomination. 'Denotes bonds of 81000 denomination, rnenotes
bonds of 8100 and 81000 denomination. IDenotes bonds of 8100, $500 and
$1000 denomination.
LIBERTY BONDS
If ; tin snu-t SELL your Liberty Bonds. SELL to US.
If you rss BUY more Liberty Bonds. Bl'Y from I S.
We ka and sell Liberty Bonds nt tke market.
VOl lAVAioT DO BETTER loll MAY DO WOBsK
The closing prices of LIBERTY BONDS on the New York Slock Exchange
on Monday. January 27. were as follows:
3'4s 1st 4s 4s lst4As 2d44s 3d4s 4th4Vs
99.12 93.60 93.33 95.48 94.68 95.48 94.46
SAFE DEPOSIT VAULTS
Morris Brothers, Inc.
The Premier Msnalelpal Bond Hoaac
Eatabllahed Over 23 Yeara
.TOS-311 STARK STREET. BEX. 8TH AND 8TH . i.mu i I'LllOH I
Telephone Broadway S1S1
As Desirable
Diversified Investments
We Recommend
Pacific Power & Light Company
First and Refunding Mortgage ."-. Gold Bonds
Due August 1. 1930
Price 89.75 and Interest, to Yield 6Vi
This company furnishes electric light and
power to about 50 cities and towns in Oregon,
Washington and Idaho.
6 GoM Bonds of
Columbia (Municipal) Irrigation District
of Benton County, Washington
Income Tax Exempt
Price par and interest, due serially, January 1, 1930 to 1939,
To Yield 6
This district embraces the Kennewick section
of the lower Yakima Valley.
Astoria 6 Gold Improvement
Bonds
Optional after January 15, 1920.
Price to yield 5.10 T to 5.40
Income Tax Exempt
Send for circulars giving details.
LUMBERMENS TRUST COMPANY
Capital and Surplus $600,000
LUMBERMENS
BUILDING
FIFTH AND
STARK
4 Paid on Savings Deposits
National Bank. Organized 1901.
For particulars see
A. G. THOMAS, Special Agent
505 Lumbermen Building
Government and Municipal
Bonds
Bought and Sold
E L Qevereaux Company
7 SIXTH STREET BROADWAY 1049
Ground Floor Wella-Farg-o Building
t
T
bBsK
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