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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 6, 1919)
TIIE 3IORXIXG OREGOXIAX, THURSDAY, FEBRUARY G, 1919. 19 LARGE DEAN STOCKS ARE STILL ON HAi Prices Tending . Downward, Owing to Oversupply. TRADING IN OREGON QUIET Satisfactory Clearance Depends on Continuance ot Export Demand. Government Large Buyer. The Oregon bean market was weak and lower. The demand was very small and but Jew sales were reported In the country. The Tv-arehouse price, cash to growcl3. was given Rt 6 cents for sacked and recleaned navy peas and red marrows. Although complaints of dullness and lack of demand for beans have been quite gen eral in producing sections, the actual move ment In carlots from September to January 3. with late revisions, was "f3 cars, com pared with 1970 during the corresponding period the season before. This movement includes the principal commercial bcan hipplng states. The first of the year a larger percentage cf the crop had been shipped than at the corresponding date the yar before. Thid comparative Increase In shipments occurred In all the leading states except Colorado, vhich is marketing its crop with compara tive slowness. Last season considerably more than one-half of the shipping move ment was after January 1. Total ship ments from these states during the ship ping season 1917-1S wero 4556 care. If shipments the present season were to bear the same relation to the estimated crop as they did last season, they would total 47S2 cars, of which 27o3 cars had been shipped ty the first of the year, leaving about 000 cars more to come, January to August, in clusive. Actual shipments will depend chiefly upon the market, which is dull and weak at present. Export purchases of more than 1.. "100,000 sacks by the United States Grain Corporation have done much to relieve the situation. These purchases alone call for a volume of carlot movement nearly equal to total shipments reported to Janu ary 1. "While the report of carlot bean shipments in considered incomplete, and also does not include important shipments made by boat from the Pacific Coast, it is evident that large storks remained unsold, both of the 3917-1S crop and the crop of the present season. Unofficial estimates have placed stock in California alone at 4,000,000 hun dredweight, or 600 to 700 cars, available for shipment. The stock unaccounted for as carlot shipments Is extremely large from each of the two last crops. Only 45r6 cars from a crop of 16,045 cars (estimated 1000 bushels to a car) were shipped in 1917-1S. or not much more than s. quarter of the es timated yield for that season, and so far this season the proportion of carlot ship- ! ments to estimated yield Is not much larger : than for the early part of the preceding sea eon. The shipments during January, 1919. averaged about 140 cars per week. The large total not shipped in carlots includes not only the local and miscellaneous demand, but also the seed and canning stock and a consider able percentage of stock lost or damaged during the harvest season, also various Gov ernment stocks purchased, but not yel shipped. Commercial stocks of beans on hand Jan uary 1. as reported, were 7.571, "S5 bushels, or about 7600 cars, compared with 4.376.224 bushels, or about 4400 cars, a year ago, an Increase of 73 per cent, the total including elevators, warehouses, wholesale grain deal ers and grocers. Owing to the slow and limited home de mand and the large stocks remaining, it appears that satisfactory clearance of the supply depends largely upon continuance of active demand for rxport- DAIRT CATTLE ARE IX DEMAND High Prices Are Ring Paid for Stock in Idaho. Market conditions in - Idaho are reported by the Caldwell Commercial Bank as fol lows: "The last week has been an agreeable hange to mildness from a previous period of several weeks of cold, dry weather. Re cently there has been considerable rainfall and the ground is entirely clear of snow itnd the frost out of the ground in most places. "The movement of hay is slow, with but little selling in the stack. The prevailing price appears to be from $10 to per ton. Considerable hay is being baled and buyers are paying $17 per ton f. o. b. here. With the present indications of an cpn Winter it seems that If all of the surplus hay Is to be suld that the shipping mar kets must be depended on, unless the. hold ers of hay arrange to secure stock for feeding. "The demand for feeders has been brisk, purchasers paying from 10 to 11 cents per pound for steers and C to cents per pound for cows and hulls. There are more cattle bting fed in this vicinity than for any previous year. Dairy cows are very much in demand and selling at prices from ."0 to 100 per cent higher than two years ago. We would suggest that buyers of dairy cows know eomething of the testing ouallties of a cow before making purchases, as the present price is too much over the beef price to take all chances. Hog dealers today are paying 15 cents per pound, with receipts only moderate. DECLINE IN EAST FOLLOWED Corn and Oats Dida Are Lower on Local Exchange. The local corn and oats market followed the declining trend of the East. Corn bids at the Merchants' Exchange were 50c$! jower ana cupped oats were $1 under Tues day s bid. There was no demand for East era or local white oats. Barley was about steady. Weather conditions in the Middle West, as wirea irom unicago: "Winnipeg, clear, 15 below; Minneapolis, clear, 2 below; Chi cago, clear, cold; Kansas City, clear, 30 Aopesa, ciear, ; Omaha, cloudy, 2S; Ohio Valley, generally cloudy, cool." Data gathered by Mr. Baruch in Europe tsnows mat tne Russian. Roumanian and .Bulgarian crops had already proved fail tires and he stated that the wheat croo ii Germany, Hungary and France would fall snort ot tne actual needs of those na tions. Terminal receipts, in cars, were reported cy the Merchants Exchange as follows: Wheat. Barley.Flour.Oats. Hay. Portland Wednesday 13 Tear ago 1 Season to date...60S Year afro 3622 Tacoma Tear ago 14 Season to date... 4547 Tear ago 3S11 Seattle, Tuesday. ft Year ago 17 Season to date 4626 Year ago 33P2 10 30 r2 213 1R92 637 583 042 2303 1433 7 9M 1245 11 M 2110 2446 23 71 i 254 12S 204 " n 400 SU6 6 9fi7 1172 OFFERINGS OF APPLES ARE SMALL Good Demand in Local Market With Prices, Little Changed. There was a good local demand for ap ples, with offerings small and no material change in prices. Shipments from Oregon were three cars to New York and one each to Norfolk and San Francisco. New York Baldwins A2fe from cold stor age continued strong at a general range of S7.508.5O In most leading markets, reach ing $9 In Baltimore; extra fancy North western boxed Winesaps were steady at .nipping points and were steady at $3.25 3.75 in most leading markets, reachins top of In Nw York and In a tw smaller cities. Shipments were about the recent aver age Exports roporteU Wfre: From Boston to J-ondon, February 1, 7094 barrels and 16.839 boxes; from New York to West Indies. Feb ruary 1, 342 boxes and 100 barrels; from New York to England, February 5, 400 bar rels apples. SLOW DEMAND FOR POTATOES Slight Declines Are Reported at Idaho Ship ping Point. Potatoes were without change in the local market, but tho demand was slow. Three cars were shipped to Stockton and one to Los Angeles. Demand continued very slow In producing sections, slight declines occurring In Idaho. -Sacked and bulk Wisconsin, Michigan and Minnesota round whites wero about tueady at $1.50(5:1.60 in the Chicago carlot market, ranging weaker at $l.7.Vy2 in other Middle Western markets. New York bulk white stock continued weak at ?l.si -j. 2.25 in lead ing Eastern markets. Maine sacked stock weakened to $2.20'y 2.25. Carloads of Colo rado sacked stock were steady at 1 1.73 1.U0 in Fort Worth and Oklahoma City. SEATTLE LARGE BIVEK OF EGGS Market Is Steady T'nder Good Demand From North. The egg market was steady at 38 cents, case countT and 39 cents candled. Cash buyers put out a 6-cenl quotation. The demand from Seattle was the feature of the market. The northern buying of eggs is ascribed to the prospect of tho strike cutting down Seattle's meat euppiy. Butter was unchanged. Prints sold well, but the trade in cubes was lifeless. A ship ment of California butter waa received dur ing the day. Poultry prices ruled steady with moderate receipts and a good demand. Dressed meats were also steady. Bank Clearings. Bank clearings of the Northwestern cities yesterday were as follows: Clearings. Balances. Portland $,;.4Ui.;7 $1,070,475 Seattle &.220.MSS 1,164. 70- Tacoma 476.52;; 35,245 Spokane w 1,345, 5U0 422,117 PORTLAND MARKET QUOTATIONS Grain Flour, Feed. Etc. Xoon session Merchants' Exchange: Uid. Ba r 1 ey Fe b. M c h . A pi. Standard feed $46.50 $46.50 $46.50 tftartdurd A 47.5f 47.00 47.00 EasLe4.i oats and corn, bulk: Oats No. 3 white 40.00 3S-lb. clipped white 42.50 42.50 Corn No. 3. yellow 54 .50 51.00 54.00 No. 3 mixed o2.50 52.00 52.00 WHEAT Government basis, $2.20 per bu. FLOUR Patents. $11.05 per barrel; bakers, $10.70" 10.fe5 ; whole wheat, $0.85 10; graham, $U.Go!i y.SO; 'com meals, $'J.50& 10.30. MILLFEED Mlllrun. f. o. b. mill, carlots $45 per ton; mixed cars, $45.50; tons lots or over, $47 ; less than tons, $4s ; rolled barley, $54?56; rolled oats, $5S'g-UU; ground barley. $54 a 56. COKN Whole, ton, $67&69; cracked, $69 71. HAY Buying prices, f. o. b. Portland : Eastern Oregon timothy, $30?32 per ton; allalfa, $1:6.50; Valley grain hay, $26; clover, $20 & 27; straw, $0 10. Dairy and Country Prodace. BUTTER Cubes, extras, 45 46c; prints, parchment wrappers, extras, box lots, 49c ; cartons, 50c; half boxes. t;C more; less than half boxes, 3c more; butterfat, No. 1, 45c per pound, station. EGGS Oregon ranch, case count, 3Sc; can dled, 30c : selects, 41c per dozen. CHEJiSE Tillamook, f. o. b. Tillamook: Triplets, oSc ; Young Americas, 39c ; Coos and Curry county : Triplets, f. o. b. Myrtle Point, 35tc. POULTRY Hens, 30 rd 32c ; roosters, 38c; stags, 20c ; ducks, nominal ; geese, nominal ; turkeys, dressed, 42c. VEAL Fancy, 23c per pound. PORK Fancy, 21 per pound. Fruits and Vegetable. Local Jobbing quotations: FRUITS Oranges, navels. $4.004.50; lemons, $5&6 per box; bananas. 'a 9c per pound; apples, $1. 50y.it. 50 per box; graperi'uit, $3-'x t. VEGETABLES Cabbage, $2.25 $3 per 100 lbs.: lettuce, $4.2.y 4.oO per crate; peppers. 2-ic per lb.; celery. ;.oO'ri S per crate; egg plant, litdi .jc per pouna; arucLOKea, cauliflower, $1.50 a 3 per craie ; garlic, 50c per pound; pumpkins, 2 Vis c per pouna , squash, 2 Vc per pound ; beets, $2.25 per sack ; carrots, per suck ; turnips. . a 5 per Ruck; cucumber, per dozen ; sprouts, 15c per pound; tomatoes, $4.50 per box. POTATOES Oregon Burbanks, graded. $1.50 & 1.75; Yaklmas, $1. 7 5(y 2; sweets, 4 i oNiO-NB urcgon. i.;uvx -..o per nunuiea. Staplo Groceries Local lobbing quotations: $9.55; beet, $0.25; extra C, $9.15; powdered barrels. $lo.2; cubes in Darrein, iu.4-. NL'TS Walnuts, 27$i35c; Prazil nuts, 32c; filberts. 28c ; almonds, 24 'it 30c; peanuts, 15c SALT Han-ground, 1UU. $lo.90 per ton; oOs, $17.25 per ton; dairy, $2u per ton. hICK l. n DroKen, y.aiic per pouna. BEANS Jobbing prices: White, 8 10 Vic ; colored, S ru 9c. COFFEE .Roasted, in drums, 25&40C. Provisions. Local jobbing quotations: HAMS All sizes, choice, 39?39c; stand ard, 33 3b Vzc ; skinned, none; picnic, 27c cotiaKe roil. 36c. LAKD lterce bar Is, S7 Vtc; compound. 23 'c. BACON" Fancy. 51 &53c; standard, 47 4'Jj:-: caice. 35' 44c. DRY SALT Short, clear backs, 2S34c; plates, 25&27c. Hides and Pelts. HIDES No. 1 salted, 30 pound and up, 13'.ic; No. 2 salted, 30 pounds and up. 121ac; No. 1 green, 30 pounds and up, 10hc; No. 2 green, 30 pounds and up. OVic; No. 1 salted bulls, 50 pounas and up, 10 Vic; No. 2 salted bulls, 50 pounds and up, D'.-jc; No. 1 green bulls, 50 pounds and up, 7V.-c; No. 1 green or salted calf skins up to la pounds, 30c; No. 2 green or salted calf skins up to 15 pounds, 28c; No. 1 green or salted kip skins, 15 to 30 pounds, 14 "jc; No. 2 green or salted kip skins, 15 to 30 pounds.. 13c; dry llint hides. 7 pounds and up, 28c; dry flint calf, under 7 pounds, 38c; dry salt bides, 7 pounds and up. 22c; dry salt caif, under 7 pounds, 32c; dry cull hides, or calf, half price; dry stags, or bulls, 18c; dry salt Htaes 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 ii 2.50: salted sheep pelts, each, $1.25!? 2.25; dry sheep shearlings, each 15&35c; salted sheep shearlings, each, ooiit 0c. Hops, Mohair, Etc. HOPS Oregon, 19IS crop, 3S(&40c per pound; 1919 contracts, 25c per pound. MOHAIR Long staple, 50c; short staple, 40c: burry. 151 20c TALLOW No. 1, 6c per pound; No. 2, 5c per pound; grease. No. 1, 5c; No. 2, 4c per pound. Oils. GASOLINE Bulk, 21c; engine distillate. bulk. 12c: kerosene, bulk. 10c; cases, 20c. LINSEED OIL Raw, barrels, $1.86; cases. 1.96: boiled, barrels, $l.aS; casea, $1.98. TURPENTINE In tanks. SOe; cases. 99g SAN FRANCISCO PRODUCE MARKET Prices Current on Eggs, Vegetables, Fresh Fruits, Etc.. at Buy City. SAN FItANCISCO, Feb. 5. Buttor, 48Uc Egirs Fresh extras, il'AiC fresh extra pul lots. 401-.c Cheese New firsts, 23 c; California Young Americas, unquoted. Poultry Hens, 35 37c; young roosters, 3 33Sc; broilers, 4.'oo0c; fryers, 493f4,.c; tur keys, dressed, 39 y 41c; geese, 29t& 31c; pig eons. $2.253; squabs, 5o60c. "S7.SO; squash, cream, 75c $1; hubbard, $1.502; eggplant, 17 (& 221Xc; peppers, bell, j 50&7oc; chile, 12 & 15c; tomatoes. No. 1, $34j4; levtuce, Los Angeles, $3.50&3.75; potatoes, Salinas. $2.50'g2.60; rivers. $1.90 2.10; sweet, ; ; ary onions, t. t o j ; green. $1.75 & 2.25; garlic, 3ufc 40c; cauli flower, 75 90c; beets, $1.50 1.75; carrots, $1.25 i 1.50; turnips, $1.251.50; green pea. 15 cp 2uc ; rhuuarb, 9 10c ; mushrooms. 40 -50c; brussels sprouts. 5f7c; cucurab' ?:;-f3.25; spinach. $3.50(4.50; cabbage; early flat Lmtch, 75 U hoc. Fruit Lemons, $2.504.75: oranges. $3.50 $?4.75; tangerines and mandarines, $2.50rg.3; grapefruit, 2.5033; bananas, 7'a-Sc; Pine apples. 3.50-r 5 ; apples. Newtown Pippins, 52.25Gx2.5u; Oregon Spitzenbergs, $3 & 3.25; Winter Nellis pears, $3 3 50. Receipts Fiour, 227C quarters: barley. 547 centals; beans, 221 sacks; potatoes, U76 sacks; onions, S75 sacks! hay, 190 tons; hides, 37; win, 113, loo gallons. We pay 21c for first-class ogs. We pay 22c fo: first-class veal. We never charge commission. FRANK L. SMITH MEAT" CO.. "FightlnK the Beef Trust." 228 Aiuer St.. Pcrtlund, Or. Adv. COPPER SHARES BREAK CUT IX SMELTING ' DIVIDEND INDUCES SIBLING. Sliort Covering Has Stlmnlaling Ef fect on Industrials Time and Call Money Hates Eirm. NEW YORK. Feb. 5. Coppers were the Issues around which today's dull and Ir regular securities market revolved, Amer ican Smelting making a gross decline of & points on announcement of a reduction In he quarterly dividend from 1 to 1 per cent. This action of the Smelting director occasioned some surprise, although it had ong been reported that the company's earn ings were running close to. If nol nnder. the former rate of distribution on uimroon hares. Kindred stocks were heavv. evidently he belief that returns to shareholders are likely to sutler similar revision, together with the widely recognized fact that pre- aiung conditions in the metal indubtry are uncertain at best. In the main, the markrt seemed disposed to throw off some of its recent heaviness and short covering was again impelled In such leaders as United States Steel, ship pings tooaccos, distilling, food and utility issues, at extreme gains of 1 to 3 points. oils and motors offered better resist ance to pressure and rails were firm when I traded In. but the usual shadlnc of cjuoted values ensued towards the .close. General Motors moving counter to the gen eral trend at an advance of almost 3 points. taies amounted to 3.5, "OO shares. A firmer ttne ruled for time anH call funds, the latter raiding to 5 per-cent In the final hour, and probably contributing to the realizing movement of that period. rew maximums were scored bv French municipal issues, but domestic bonds, in cluding the liberty group, eased. Total sales. par vaiue, $l4,h50.0O0. Old United States coupon and registered 4s gained per cent on call. CLOSING STOCK QUOTATIONS. Last Sales. High. Low. 4Uil ti , 6U 47 46 V? 500 b'J SS Kaie 47 : 0 6T4 113 lnui 5--'i jj; 7 4','i 5;t-. l7Va J3'. 15S 5t4 55 -S. 37 33 a, 351, 47' S3i 54 164 14SVj 131 9'-' '.i 37, US 4.i 071. 3i 17 11 .H 31'i 17"4 -'4 'A 71 m 72i 2S ; lo. 01 44 20 V, 7JH Am Beet Sugar. a me. lean Can.. Am Car & Fdry Anitrican Loco . Am bm & Reie. 70.500 5.400 1.7 OO 5.K0O 3i0 300 600 2.MHI 300 1.4U0 600 20 HMO 30 2.t00 ' 4400 SOU 4, 30 3,900 69 ll.-; 1"-H 92 97 ? 464j 69 17 'm 24 5S 55 : ail. n s 'isi,' 64 ) Am sugar Helg. Am Tut Ac Tel. . 114 Anaconda Cop..." Atehison A O & W 1 S S L Bait & Ohio 46 ." 17'., Bethlehem B . . B & a Copper. . aiir i't-tio: . . .. unadian Pacif. Central Eeather Ches A Ohio .... Chi M & St P. . R I Ac P etfs. hino CoiJper . . Colo Fu Iron. Corn Prod Refg 'if ' -.3H 51 ft rucibie iatuel . . Cuba Cane Sug . Distill Securities Erie neral Eleetrio General Motors. 10,20 Ot Nor pfd .... 200 Ot Nor Ore ctts. 3,900 i3J ; 3SH 44li 37 lS"m iJH V 7 " 73 '4 v lor, 01 44 'jo'Y 7!H 73 U B! Vi It.. 51 T, 1JS 'io 1 14i. CB'i US' 37 'ix ' ' 3 -J 35 ":H 1 141 31 ltitj 24 "ifii VI -'S .. 10.1 !1 41 7M 73 127', '! 1 1 4 6S 'ii'i Illinois -entrai Inspir Copper - 5.100 U.3H0 1.400 ll.JUO nt M M pfd . . nter Nickel . . nter Paper . . . K C Southern . Kennecoct Cop.. 7,S0 Louis & Nash . . 300 Maxwell Motors. 600 Mexican Petrol.. 10,0KI Miami Copper - Missouri Pacific Montana Power. Nevada Copper. N Y Central . .. N Y N H A Norf Se West . . . S00 " son" 6o0 ;mo 2"0 2'trt l.liOO 2.400 3.400 aoo V.TjOO 7i'0 6.:ioo 2. J'lO soo 3. ".iiO 200 9.0i0 "SOO Northern Pacif . Pennsylvania . . Pitts&urg Coal .. Hay Consol Cop. Reading Pep Ir & Steel.. Shat Ariz "op ... 1 1 -S. ! ana. 50 v lSb loii'i 114, out hern racu. Southern Ry . .. -tune-baker Cor. Texas "o I nion Pacifir .. i: S Ind Alcohol U S Stl do pfd T'tah Copper . . . Western Union .. Westing Electric Bid. BONDS. . 07 1 P-nn con 48. . !7;Union Pac 4s.. . so ju 6 Steel 3s. .. . h9 Irio Pac cv ."is. U S ref 2s rei 8t . .10.IH .101", d coupon . . U S 3s reg do coupon .. V S 4s reg . .104 '4. 1 A nn lo-French Hi do coupon ...Mi'-lU S Lib 3V.s 09 Atchisn Gen 4s 'Mt4 do 1st con 4s. ns.ivj do d 4s ft'j.tio do 1st con 4UiW..". do 'Jd con 4,.44.:1 do 3d 4 Us. . . . B3.12 D A- K G rer ..s "i N Y C di-b 6s. 00'i North I'ac 4s. W Vfc do -Is Pac T 4 T 0s. 93 H Bid. do 4th 4's 94.10 Boston Mining; Stocks. BOSTON, Feb. 5. 'osing quotations: Allouez 4'-'North Butte ... 10 Ariz Commcl. ... ll'.j'Old Dominion .. :;4 :al Jt Ariz .V oscola 4S Cat & llecla. . . .425 IQuincy 57 Ccntrnnia! 13 ' superior . 4'4 oi lege Con Co 42 jSup A Bos Mln.. 10 Putt; Cop iln feuinnnon Kranklin 3 il'tah Con 7 Isle Kovl iCop). 24lnona fO I,ak Copper .. :t .Wolverine 1PV4 jlolia'k MilGrp.ne-Cinanea.. i'l li Money, Exchanice, Etc. NEW TORK, Feb. 3. Mercantile paper, unchanged. Sterling, day bills, unchanged,- demand, $4.754; cables, t4.76.5S. Francs, demand. 5.4.:'; fh!f!. rt.'i. Otil'rirrs. nnhanK.d. 9!9.4f) for lt TJhrrty 84 100 Bond KfKt.n for 2tl liberty 4 fino Bonrl f ."5 for J'.d Liberty 4V4 HI00 ftonl $!.-.-7 for 4th Kioprty 4Vtr'c 100 Hood Bunds onc-lialf of above price. Nrw Tork prices fwhtch we pay. plu accrued interest. less usual brokerage) Wednesday, with interest added, were as above quoted. Ttceipts bought on partial paid bonds, or money advanced, to com plete your payments. Up lo ?0 of their face value loaned at 77o interest. Money forwarded by return mail for bonds sent us by registered let ter. Open Saturdays until S. 231 U. S. NATIONAL . BANK DLDG. "SecuritiesSuggeslions Among other interesting feature, thelast two iasuesof this semi-monthly publication contain the following: Folnre of lie Oil Wuslry Ctiet Scrrice Bomb Aocricu lined Co. Aa Attracure Direrafied bretbutnt This vrith booklet describing The Part Payment Plan tcMUtcnlfree. Write xafor "B P." R.C.MECARGEL CQ Z7 Pin Srrset-Wew Vara TRAVELERS' GVIDE. H ONOLULU Suva, New Zealand, Australia CANADIAN AUSTRALASIA ROYAL MAIL LINE Largest. newest, best-equipped steamers. For fares and jailing; apply Can. Pac Kail wajr. 65 Third St.. Fort land, or General Vsa3 swj'tuour b(. Vancouver tt. i Lire, unchanged. . Mexican dollars. nn- chtnrra. Time loan., firmer: six months. S4Q5Vs per cent: others . unchanged. Call money, firmer, lllsh. 5 per rent: low. 4 S per cent; ruling rate. 4 4 per cent: clo Ins; bid. 4 ',4 per cent; offered at 5 per cent: lat loan. 5 per cent. LONDON. Feb. 5. Money and discount, unchanged. Coffe Future. Continue Firm. KEW YORK. Feb. 8. The market for cof fee futures showed renewed firmness today on short covering and a moderate demand from trade sources. Buyers were Influenced by the continued firmness of Brazil, and while there has recently been an Increase In the amount of coffee afloat for this country, bulls claim the stocks In the In terior have been drawn down to compara tively small proportions, and are predicting; an Increased demand for consumption. May touched 14.&OC at the openlne and De cember IS.Rlc. The close was 10 to 28 points net higher. May. 14.75c; July. 14.3Sc; September. M.OSc; October. 13.05c; Decem ber. 13.78c; January. 13.70c Spot coffee, firm: Rio 7s, 15'ic: Santos 4s. 21 He. Firm offers In the coft nnd freight market Included .Santos 4s at 20.25c to 20.75c. london credits. The official cables reported an advance of 50 rets at Rio. Santos spots were loo reis higher and futures 10O to 125 rels higher. Rio cleared Cl.ooo bags for New Orleans and Santos 233. 000 for New York. Brazilian port receipts were 6000 bags. Eastern Dairy Produce. NEW YORK. Feb. . Butter firmer; creamery higher than extras. - 49S4;50c; creamery extras. 40c: firsts. 43''i4Sc. Kggs firmer; fresh gathered extrss. 44 4 r45c; fresh gathered regular packed extra firt-t-s. 43 44c; ditto firsts. 42 3 43c. Cheese weak; state current make spe cials. 30'ij31H; ditto average run, 30c CHICAGO. Feb. S. Butter unsettled: creamery. 3S5r43c. Eggs higher; receipts. 63S9 "cases: firsts. S9r39ic: ordinary firsts. 37j3SV-c; at mark, casea included. 37 ft 30c. Naval Stores. SAVANNAH, Feb. 6. Turpentine, firm. 06 V; c ; sales, none; receipts, 23 barrels; ship ments. 43 barrels; in stock. 30.646 barrels. Rosin inactive: sales, none; receipts. 142 barrels; shipments. 509 barrels: In stock, 7H.04S barrels.- Quote: H. f 13.10; D. E. 13.15; F, $13.20; G. 13 23; H. 113 30: I. J13.65: K. $13.95; M. $16.25; N. WU. $10.30; WW, $16.75. Metal Market. NEW YORK. Feb. 5. Copper. Iron and lead, unchanged. Spelter, dull. Rast Pt. Louts delivery, spol offered at 6.40c; February, 6.30c, Cotton Market. KKW TORK, Feb. 5. Spot cotton, Middling. 27.20c. quiet. Dulnth Unseed Market. DULUTH, Feb. 5. Unseed. $3.29. L GOVERNMENT SALE IX WILL CONDUCT PORTLAND. Block of Northwestern Wool Will Be Offered lo Local Bidders at Boston Today. The Government Will hold an auction sale of wool in this city on March 1 to take care of the requirements of local mills. Word to this effect was received yesterday from Charles H. Green. United States wool ad ministrator and distributor, who is now In BoRton. Details of the sale will be avail able on Mr. Green's return to this city. At the Boston auction sale today among the offerings will be about 306,000 pounds ot wool in storage here. This wool Is also suitable for the local mills and It Is under stood they will bid on It through agents in Boston. This quantity of wool will tide them over until the Portland sale on March 1. when they will have at their disposal enough wool to last them until the new Northwestern Clin is ready. Dated March I. FEEDERS USE LESS CORN with shrinkage: of demand chicago prices drop. Markrt Is Also Weakened by En larged Rural Of ferlngs Export Trade In Oats Is Slow. CHICAGO. Feb. 5. Heavy selling of corn resulted today from shrinkage of demand from feeders and owing to enlarged rural offerings. The market closed unsettled. 2 to 3"c net lower, with May at $1.13 to $1 14 and July $1 10S to $1.10',. oats fin ished l.c to lc off and provlaiona down 22c to 9oc Oats receded with corn. Big stocks and th. slowness of export call gave an advan tage to the bears. Frovisior.s reflected the weakness of grain. On the breaks, however, packers and for eigners were said to have bought. Leading futures ranged as follows: CORN. Open. High. Low Hit l.OKi. Close. $1 .!:, 1-lOa, Mar Juiy ..l1a $1 IIS .. 1.12 1.13 OATS. .. .5S .57 . . .54 a. .54 4 May Juiy .52 S .53 m MESS PORK. May 37.00 37.30 36.30 LARD. May MIT 22 25 St. T Ju.y 21. S3 21.90 21.50 SHORT RIBS. May 20 37 20.45 20.10 S6.50 21 PS 21.37 20.17 Cash prices were: Corn No. 8 yellow, nominal: No. 4 yel low, 1.2jl.2S; No. 5 yellow. $ 1.22 a 1.23 't. O.its No. 3 while, 55i57Vzc; standard. 57 S TJS'iC. live No. 2. $1.3031.33. B.ir:ey SI fl 07c. Timothy $7i 10. Clover Nominal. Pork Nominal. Lard $22.5. Kius $21.30 22.30. Grain at San Francisco. SAN FRANCISCO, . Feb. 5. Flour, $11.43 per barrel. Grain Wheat. Federal basis (2 20; white feed oats, unquoted; California yellow corn, $2.73':l 2.S0; barley, feed, $2.132.20. Hay Wheat or wheat and oats. $2224; tame oats. $21. 00ft 23.50: barley, lrtjlt; alfalfa, $10 1S: barley straw, 50l SOc. Meala Alfalfa, $32 5 34; cocoanut, un quoted. Minneapolis Grain Market. MINNEAPOLIS. Feb. 5. Barley. Sie02c. Flax, $3.24 Vi ' 3.26V. Dried Fruit at New York. NEW YORK, Feb. 5. Evaporated apples, firm. Prunes, few here. Peaches, practi cally exhausted. New York Sugar Market. NEW YORK. Feb. 8. Raw sugar, un changed. TRAPPERS ARE FINED $125 Confiscated Venison Given to Red Cross to Feed Bend's Poor. BEND. Or., Feb. 5. (Special.) Charles Allen and James Tomb, trap pers, brought into Bend last night by J District Came Wardtn Georgre Tonkin, pleaded Ruilty In Justice Court here this afternoon and were fined 1125 each for killing deer out of season. Mr. Tonkin found 10 fresh deer skins a quantity of venison and a beaver tail in their cabin. The venison was pre sented to the Bend chapter of the Ked Cross, to be distributed among the poor of the city. Smelters Dividend Reduced. NEW TORK. Feb. 5. The American SmeltitiK & Refining; Company today reduced its dividend on the common stock from 6 to 4 per cent basis, le- Southern Three-Year 6 1919 Total authorized Interest payable March 1 and September 1, in New York and Chicaco. Redeemable in whole or in at the option of the Company at 101 and accrued interest upon sixty (GO) days' published notice. Coupon notes in denominatons of $1,000 each, which may be registered as to principal or exchanged for fully registered notes, which will be available in denominations of $1,000, $3,000 and $10,000. From a letter to m from Fairfax Harrison, Eq., Prttidenl of the Southern Railway Company, ax summarize the security of this issue as follows : These notes will be a direct obligation of the Southern Railway Company and are to be secured by deposit with the Conntinental and Commercial Trust and Savings Bank, Chi cago, as Trustee, of $43,500,000 par value Southern Railway Company Development and Gen eral Mortgage 4 bonds, which are secured by a general mortgage on practically the entire property of the Company. CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK, CHICAGO. TRUSTEE. The proceeds of this note issue will be applied toward the retiremant of the $23,000,000 Two-year 5 Gold Notes maturing March 2, 1919, and secured by the same collateral, which will be pledged for this issue. In the ten and one-half years ended December 31, 1917, the surplus earnings of the Southern Railway Company over all charges for interest and rentals, aggregated $66,364, 517.91. During this period the Company distributed $10,800,000 in cash dividends, the remaining $55,564,517.91 being devoted to the improvement of the property and to strength ening the Company's financial position. Under Federal control during the calendar year 191S, the railway operating income as reported by the United States Railroad Administration was $29,294,869.72. The basic standard return to the Company under the Federal control act is $18,728,536.63 subject to the Company's pending claims for allowances in excess of this figure. Other corporate income for last year is estimated at $2,200,000. After providing for estimated fixed charges and war taxes for the year 1918, aggregating $15,200,000, the Companyalso retired equip ment trust obligations amounting to $3,296,000. Under private ownership for five and a half years ended December 31. 1917, the balance after payment of all interest charges and rentals averaged $7,85l,4S0.62. For the year ended December 31, 1917, the balance after payment of all interest charges and rentals amounted to $14,037,415. JTt9 Notms mrm Offered if, when mnd mm turned Strictly Smbject to Prior Sate emJ AJoanre an Price PRICE 994 AND INTEREST, YIELDING SLIGHTLY OVER 6 All itatcmnits herein are official, or tae4 oa informatioa which we retrard aa reliable, aae while we de net rearaatee them they are the data apes which we hate acted in the purchase el thia aecurity. Continental and Commercial Trust and Savings Bank Chicago Municipal Bonds Kate 52.000 Astoria Municipal Oold :onds.... 5 3,000 Astoria, city of. Oregon. Water... 5 468 -Astoria. City of Municipal C 1.000 t Astoria. City of. Or., Im. Scr. No. 15 3.R00 tForest Clro e. City of. Ore.. Rfds.. 6 20.000 Poftland. City of. Ore, Water 60.000 'Portland. City of. Ore.. Ih k 6.000 'Clark County, Wasli.. Funding... 3.O00 "Klnn Co.. Wash., Harbor Imp... 1,000 Seattle. City of. Wash 1.000 'Seattle. City of. Wash., P. ! 6.000 'Seattle. Citv of. Wash.. S. I 1.000 tCoeur d'Alene, Idaho. Refds... 2.000 t 3.000 'Goodinir Co.. Ida.. Hich. &'Bridce 6 3.000 - "6 1.000 'Net Perce County. Idaho 1.000 Nr Perce County. Idaho I.tiOo 'Kdmonton. City of. Uold Notes.... S 6.000 Kdmonton. City of 24.000 'Creater Winnipeg Water Iis 5 92,000 Oreater Winnipeg; Water rts . 5 4!.000 tlreater Winnipeg Water IMS.... 1 1.000 "Greater Wlnnipec Water Ins.... 6 50.000 'Greater. Winnipeg Water lis . 69.000 Montreal. City of. Prov. of liud'or. 6 "5,000 t Montreal. City of. Prov. of tjuebec 6 11.000 "Toronto. City of Onl 5 -Denotes fractional bond. tDenotc Henotea bonds of $1000 denomination and $1000 denomination. LIBERTY BONDS If yost must fb.LL your Liberty Bonda. 5F.I.I, to VS. If you ess Bl'Y more Liberty Itonda. BL'Y from l a. We bay and nell Liberty Bond at tbe market. YOU CAXSOT DO BUTTER YOU MAY DO WORSE Tho closing prices of LIBERTY DOXDSon the New Tork Stock Exchange on Tuesday, February 4, were as follows: l$t4s 93.02 4s 92.90 lst4'is 95.36 99.00 SAFE DEPOSIT VAULTS Morris Brothers, Inc. The Premier Municipal Bond House Established Over 23 Years 30K-31I STARK. STREET. BET. 5TH AND 6TH (GROl'XD IT.OOR) Telephone Rroadwny 2131 4 Paid on Savings Deposits National Bank. Organized 1001. For particulars see A. G. THOMAS, Special Agent 503 Lumbermens Building daring a quarterly dividend of 1 per cent payable March 15. The stock has been payinc lVi per cent quarterly since December 13, 1916. Thrift Stamp Rolsltcvlr-m Cure. SAN FRANCISCO. b. 5. The thrift $25,000,000 Railway Company Secured Gold Notes iwue $25,000,000 Halsey, Stuart Chicago Maturity Price Yield A&.-0 1S28-5S 100.00 6 ort J&J 1937 100.00 6.00 Sop 193 To Net 6.50 F&A 1932-38 101.60 6.50 MN 135 107.37 5.25 MAS 1937 5!.6 4.60 JAl 1913 7.0S 4.70 J&J 19-JI 98.14 4. SO JAJ 1924 99.04 4.70 M&N 192S 96.00 4.70 MN 192S 9S.55 4.70 MN 1926 SS.S2 4.70 J&J 1925 103. S2 6.J5 J&J 1926 lt4 35 5.25 J&J 1!29 102.57 5.50 J&J 1930 102.87 5.60 J&J 1935 105. 38 5 50 J&J 1936 105.57 5.50 M&S 1919 100.00 6.00 J.l 1921 100 00 6.00 J&J 1921 97.71 6.00 J&J 1922 9.SS 6.00 KeSA 19C3 9S.60 6.00 J&J 1923 100.00 6.00 J&J 1924 100.00 6.00 M&X 1923 lo.i.9 6.75 J&I 1922 lt'O.SS 6.75 J4I) 1921 9S.55 5.75 4.i .. 6 . . C bonds of ."0O denomination. tDcnotes bonds of 100. $500 :di,s 95.13 4th 4'ia 94.10 94.30 stamp was advanced as nn antidote for Bolshevism by James K. Lynch. Gov ernor of the Twelfth Ii.-triol Federal Reserve B.ink. in a letter loiny to i.11 bankers in the district urninir a r newed campaign for tho stamps. The bankers were thanked by Lynch for the part they have t:tkfn irt the war. Due March 1. 1922 part & Co., Inc. New York