TnE 3IOTIXIXG OREGOMAX, TUESDAY, JUNE 3, 1019.
23
MOR
E EXPORT FLOUR
BE
PURCHASED
Millers Look for Additional
. Buying by Government.
SURPLUS ON HAND HERE
Stocks of Wheat in Country fele
vators, Mills and Terminal Ele
vators Reduced by Shipments.
Close.
1.6ftt
1.60
1.41
61.05
4S.75
B3.0T
32.40
28.32
21. So
No. 4,
Millers in this territory have not given up
hope of selling more export flour to the gpv
ertiment this month, notwithstanding the
statement by Julius Barnes, the United
States wheat dlrctor. that the relief re
quirements of Europe have been filled. As
they figure it out, a quantity of flour and
wheat win bo on hand after the latest pur
chases are filled and there Is reason to be
lieve the Grain Corporation will move It out
so as so clear the decks for the new crop.
The second weekly bulletin of the Food
Administration Grain Corporation gives the
complete figures covering the wheat and
wheat flour movement throughout the
United States for the week ending May 16.
The figures follow:
Receipts from farms, week ending May 16,
2.1U3.000 bushels, against 3.476,000 bushels a
year ago.
Total stocks of wheat in country elevators,
mills and terminal elevators, as of May 16,
S3. 000,000 bushels, against 31,000,000 bushels
a year ago, showing a decrease between May
0 and 10 of this year of 13.000,000 bushels,
against a decrease for the similar week a
year ago of only 3,000,000 bushels.
Flour produced, week ending May 16,
2,671,000 barrels, against 1,662.000 barrels a
year ago, making a total production of flour
from July 1 to May 16 of 110,000,000 barrels,
against 107,000,000 barrels a year ago.
Julius Barnes, in giving out the figures,
said it is to be noticed that, although do
mestic consumption of wheat was apparently
running lighter a year ago, the heavy drafts
on this country for food shipments to the
allies and to the newly liberated regions of
Kurope were such that the domestic visible
had decreased 13,000,000 bushels during the
Teek. Fortunately, within four weeks ther
'A-ill begin to be a moderate replacement by
the earlier of winter wheat, and witWa six
or eight weeks a large movement frm the
very promising crop of winter wheat now
rapidly approaching harvest.
Mr. Barnes also stated that the shipments
In relief of Kurope, outside of the allies,
were now being rapidly completed, and wuh
. in the next week practically the iast ship
ments of foodstuffs for liberated regions will
be completed.
CTKM MARKET FOR COARSE GRAINS
Oats, X'ccd Barley and Velio w Corn 50 Cents
Higher,
The coarse grain market was firmer al
around with the opening of the week. Sacked
and bulk oats, feed barley and yellow corn
were 50 cents higher on bid at the Mer
chants' Exchange. Brewing barley and
mixed corn were Unchanged. There will be
no session of the local board today owing
to the election.
Weather conditions in the middle west, as
' wired from Chicago: "Minneapolis, cloudy,
cool, 55. Duluth, raining, cool, 45. Chicago,
clear, warm. Peoria, part cloudy, heavy
rain last night, JVS. Davenport, raining.
Ohio Valley, clear, hot. Southwest, showers.
Forecast Missouri, Illinois, Wisconsin,
showers and cooler. Dakota, Nebraska, fair
and warmer."
San Francisco receipts for May from Ore
gon were: By rail. 14,400 quarters flour,
2400 centals corn, 31,200 centals wheat, 1000
sacks feed; via water: 51,030 quarters flour.
20,117 sacks feed. From Washington, via
rail: 6400 quarters flour; via water, 224,080
quarters flour, 1200 centals wheat, 2000
centals corn, 2502 sacks beans, 600 sacks
Shorts. 14,750 sacks feed.
Exports from United States official fig
ures: Tacoma receipts in May were 169
ears wheat, 37 cars oats, 13 cars barley,
cars corn and 22 cars hay.
Terminal receipts. In cars, were reported
fcy the Merchants' Exchange as follows:
dency of corn. Strength of rye and barley
was also a bullish factor.
Knowledge that packers were active buy
ers of lard helped to lift provision. In
this connection It was pointed out that ex
ports of lard and meats last week totaled
96,000,000 pounds, an amount nearly "double
the aggregate a year ago.
Leading futures ranged as follows:
CORN.
Open. High. Low.
July SI. 66 1.69 $1.66
Sept. 1-58 1.60 1.58
Dec, 1-42 1.42 1.39
OATS.
July .67 .68 .87
Sept. 65 - .66 .60
MESS PORK.
July 50.25 51.05 50.25
Sept. 4S.50 48.75 48.00
LARD.
July 32.52 83.12 33.55
Sept 32.00 82.45 32.00
SHORT RIBS.
July 28.20 29.35 28.15
Sept. 27.-67 7.90 27.60
Cash prices wers"as follows:
Corn No. 3. yellow. 11.72'ai.75;
veiiow. XI. 73: No. 5. yellow, nominal
Oats No. 3, white, 63&60c. ; standard,
638 t&Oaiic.
Rye No. S, 91.51 91-51.
Barley Sl.lSift 1.26.
Timothy S0&" 12. ,
Clover Nominal.
Pork-; Nominal.
Lard J34.50.
Kibs SfgaO.
SAN FRANCISCO PRODUCE MARKET
Prices Current on Eggs, Vegetables, Fresh
Fruits, Etc., at Bay City.
SAN FRANCISCO, June 2. Butter, 5Sc.
Eggs Fresh extras, 50c; fresh extra pul
lets, 46c.
Cheese New firsts, 30c; Toung Americas,
34 c.
Poultry Hens, 34 -g; 38c; roosters, young,
45 & 50c; old, 20 & 24c; broilers, 29 & 31c,
small; large. 3233c; fryers, 363Sc; geese,
35&3Sc; squabs, $33.50 dozen.
Vegetables Asparagus, graded, 10 llo fb;
egg plant, 1520c lb.; peppers, bell, 20 30c
lb large, and 15c for small; chile, 253oc;
tummer squa-sh, 85cgj$l crate or box;
tomatoes, $:i.501r4 crate. No. 1 Mexican: let
tuce, 75c $1.25 crate; potatoes, new, $45
cental ; sweet, 56 6.50; onions, Bermuda,
$3.75 & 4: crystal wax and yellow, $3,50 9
3-75 crate; green, $1.752 box; rhubarb and
strawberries. $ 1 .35 (oi 1.75 box; green peas,
bay No. 1, 5&6c lb: do. No. 2. 4' 5c; do.
Half Moon Bay, 1 V 8c; cucumbers, $2&
2-25 box; spinach, 75c$1.25 crate, string
beans, Kentucky Wonder, 13 15a lb; wax.
12 (it 13c; pole. 123 18c; carrots, $4 4. 50 sk
reen okra. 20 25c lb.; green corn. 204Oc
dozen.
Fruit Lemons, $3.00 4.00 box ; Valencia
oranges, $4.25tg5.25; grapefruit, tancy, 4.uu
for. 00 box; tangerines, S2.&0a3.&0; bananas.
c pound ; pineapples, small, 5i'ff4 per
ozen; lure. So. 006. 00 dozen; apples, New-
own Pippins, $a.::.si4.uu dox; watermelons,
it 10c pound; currants 1. i5 drawer; lo
uaiB. 6 8c pound : peaches. 1.75 f$ 2.00,
cordinK to district: figs. Sl.&Owl-To box;
MiKHion. $1.251.50. Brunswick and white
rawberrles. $10i&16, according to district:
raspberries. S2.o0 crate; blackberries. .50'3)
crate ; cnernes, duik, oiacic, iwer i- c
ound: white, Gi3?8c; apricots, 2.&0 crate;
gooseberries. 75c drawer; cantaloupes, stand
rd crate. 5w0.
ReceiDts Flour. 4800 Quarters: barl'y
10.777 centals; beans. 67 sacks; onions, M
sacks; hay, 140 tons; potatoes, 1205 sacks;
hides, 60; wine, 7800 gallons.
Money, Exchange, Etc
NEW YORK, June 2. Mercantile paper.
fliS'A Per cent.
sterling, oo-aay bins, 14. eu; commercial
60-day bills on banks, $4-59; commercial
60-day bills. S4.50 : demand. S4.62
cables. S4.G3. Francs, demand, 6.32; cables.
30. Guilders, demand, 39 1-16; cables.
3J 3-16. Lire, demand. 7.00: cables. 7.8 1.
Government bonds, easy; railroad bondi
st rone.
Time loans, strong; Gu flays. SO aays ana
six months. SVt W3fli per cent.
Call money, stronger; high, low ana ruling
rate, 6 per cent; closing bid, 0 per cent
offered at 6 per cent; last loan, 6 per cent
bank acceptances, 4va per cent.
Bar silver. 1.09.
Mexican dollars, 84c
Naval Stores.
SAVANNAH, Ga,, June 2. Turpentine,
irm. Die ; sales, 102 barrels; receipts, 204
barrels; shipments, 094 barrels; stock, 7667
barrel a
Rosin, firm: sales, 100 barrels; receipts.
G7 barrels; shipments, 1496 barrels; stock.
76 barrels. Quote: B, X10.5O; D. E,
10 53; F, $10.65; G, $10.70; H, $10.75; -I,
11; K. $12.30; M, $12.55; N, $13; WG,
13.23; WW, $13.50.
Dried Fruit at New York.
NEW YORK, June 2. Evaporated apples,
steady ; state, 20 22c ; far western, choice.
b (0 20c
Prunes, firm; California, I430e; Oregon,
14 30c.
Peaches, firm; standard, 23c; choice, 24c:
fancy. 26c.
Hope, Etc., at New York.
NEW YORK, June 2. Hops, firm; state.
medium to choice. 1918, SSfM6c; 1017, 25
; Pacific coast, 1918, 45 iff 40c; 1917, 3040
33c.
Hides and wool, unchanged.
Portland, Men.. H 3 8 2 4
Year ago 4 .... 2 .... 4
Season to date. .7467 1102 2753 760 3181
Year ago 3818 480 1329 1529 2505
Tacoma. Sat 24 1 4
Year ago 1 2 2
Season to date. .1426 46 .... lOil 1222
Year ago 5554 99 , . . . 299 1659
Seattle. Sat 7
Year ago 10 .... 7 3 1
Season to date. .54:1 10 16S! fiOS "SoT
Year ago .4V-'.- 30t 15 1107 3094
DEMAND FOR BITTER FALLS OFF
Practically No Trading in Cubes, With Buy.
era and Sellers Apart.
The butter market was weak and almost
lifeless, so far as cubes axe concerned,
Buyers offered around 68 cents, while sell
era held for 07 to 59 cents. Few sales were
made. A generally lower buying price on
butterfat of 57 and 68 cents at stations Is
announced by city creameries, effective
this morning. All the creameries have now
reduced their print prices. Stocks of but
ter have accumulated, street supplies
amounting to 1637 cubes and 306 boxes.
There was a liberal Increase of 36,296
pounds in storage holdings, a good part of
the butter going in temporarily. Receipts
on Saturday were:
California 7.841
Oregon 12,21
Washington 140
Total 20.19
Cheese receipts on Saturday were 3194
pounds, as follows; From California, 35
pounds; from Colorado, 1550 pounds; from
Illinois, 200 pounds; from Oregon, 949
pound; from Washington. 140 pounds.
Strawberries Clean Up Well.
The strawberry market was firm and
cleaned up at $3.50 to $4, Jobbing prices.
About 200 crates arrived by express and
home (frown receipts were heavy, but tin
demand was strong.
There was only a moderate movement In
cherries. Bings brought "5 cents and Royal
Anns 13 cents. Cantaloupes were steady
at $7 to $11.50 a crate, according to qual
Ity. Apricots offered at $3&3.50 a box.
Fgg Price May Be Reduced.
Buying prices of eggs ranged from 43 to
44 cents. The larger buyers announced they
would pay 42 cents today. Street stocks
increased to 4525 cases and only 153 cases
went into storage. Receipts Saturday were
027 cases from Oregon and IS cases from
Washington.
IS
THREE-CENT ADVANCE IX
TIOXS AT CHICAGO.
OP
Competition Between Shippers, Ele
vators and Industries Offsets Ef
fect of Large Receipts.
CHICAGO, June 2. With shippers, el
vators and industries competing here for
corn, the market today showed uncommo
strength. The close was nervous, 1
ents net higher, including July at $1.60
to $l.t0 and SCeptember Sl.OO ?? I.60
Oats gained cents to lc. In provisions
ie outcome varied from unchanged figures
4p SO cents advance.
Notwithstanding that corn receipts in
Chicago made a big total, the readiness
with which they were absorbed much more
iin counter-balanced any bearish effect.
pats sympathized with the upward tea-
LIVESTOCK BMBKET WEAK
PRICES OX DOWX GRADE AT
XORTH PORTLAND YARDS.
Big Ran Over Sunday and Tsadlng
Is Active at Xcw Range
of Quotations.
Values In the livestock market are on
the down grada for. all classes of stock. The
weakness is not confined to the local mar
ket, but appears to be general. Although a
row sales were made at higher prices, the
top quotation on steers wss held to b. at
$12 and on cows at 910.25. Hogs were a
good quarter lower with the ruling top at
$10.50. Aside from lambs, the sheep mar
ket was easy. There was a good run of
99 loads 'over Sunday and the market was
active.
Receipts were 1703 cattle. 120 calves, 1S10
hogs and 8082 sheep.
The days sales were as follows:
Wt Price. Wt Price.
89 hogs... 246 119.85 19 steers.. 8J2 9.00
23 hogs... 174 19.6. 1 cow 11C0 lO.on
79 hogs... 241 lit. 50 3 cows... MO n.OI
69 hogs... 391 19.r0 13 cows.. .102.-. 8.2S
. .4 hogs... 1S5 19.2.". 2 cows.. .1020 7.00
2 ohgs... 23S 19.2.1 1 cow.... M0 6.00
8 hogs... 198 19.25 14 cows... !7fl 9 SO
27 hogs... 191 19.21" 11 oews... 791 0.00
5 hOKS... 204 19.2S 20 cows. . .1025 8.35
20 hogs... 207 19.25 17 cows... 0r 6.00
3S hogs... 199 19.25 20 cows. . .1057 9.50
67 hogs... ISO 19.25 7 cows... 791 9.00
0 hogs... 155 19.25 13 COWS...10SS R.25
4 hogs... 140 19.00 12 cows 927 10.25
5 hoga.. 200 18.25 6 cows... 1070 9.50
5 hogs... 304 17.75 8 cows... 922 X.50
23 hogs... 204 17.05 1 cow 1240 S.r.0
20 hogs... 148 17.50 9 mixed.. 927 10 00
4 hogs... 2r 17.50 23 mixed.. 510 7.00
1 hog 250 17.25 22 mixed.. 755 fl.OO
7 hogs... 319 17.25 62 calves.. Ih7 13.00
1 hog.... 280 17.25 7 calves.. 2f-3 7.50
201 lambs. 71 15.00 2 bulls... 1S0 7.50
213 lambs. 70 15.00 1 bull.. ..1150 7.00
60 lambs. 7 15.00 1 bull.. ..1250 B.50
41 lambs. 63 12.00 2 bulls... 775 7.50
2 yearl.. 80 7.00 1 bull 1700 0.00
1 yearl.. 80 9.00 1 bull 1040 7.00
130 yearl.. 105 8.5i 64 hogs... 195 19.50
2S1 wethers 100 8.75 1 hog 370 17.50
lewe.... 110 7.00 1 hog r.iiO 17.50
1 steer.. 1080 10.50 2 hogs... 220 19.25
1 steer.. 700 7.00 8 hogs... 141 17.50
8 steers.. 1054 10.75 29 lambs.. 67 15.00
8 steers.. DM) 9.50 25 lambs.. 63 15.O0
5 steers. .1060 B.OO 23 lambs.. 61 15.00
13 steers. .1132 11.40 1 ewe.... 180 7.00
22 steers. .1077 10.76 3 ewes... 122 7.00
grain 3 to 6 Inches. "CVashlmrton central
claims plenty moisture and cut worms work,
lng in wet places while on Connell Northern
rain would be beneficial but not yet needed.
Prospects very good.
Main Line West of Pasco Weather fa
vorable. Some local showers. Prospects
very good.
Washington and Columbia River Railroad
High winds last week did some damage to
I grain. Umatilla county, between Pendleton
line and Columbia river, also between Walla
Walla and A-ttalta, partly compensated by
light showers and cooler weather but must
have good rain within ten days for wheat to
mature properly.
Palouse and Lewiston Branch, North of
Moscow Weather ideal with good showers.
Grain has good appearance, very even and
heavy stand. Fall wheat 10 to 14 Inches
high, spring grain 8 to 10. Prospects best
In several years.
Palouse and Lewlston Branch. Moscow and
South. Camas Prairie. Clearwater Short
Line Have bad two good showers since last
report and all moisture absorbed by solL
Weather cool and cloudy. Conditions ex
cellent. Spokane and Inland Empire Weather fa
vorable with rood warm rains Improving
appearance of grain and prospects.
Larce Increase In Wheat Exports.
Grain exports from th. United State, la
April of this and last year compared as fol
lows: Bushels
April. '19. April. 'IS.
.... 3.129.S30 3.513.S07
. ... (UI.N.6G5 8.644.588
.... Z.0,0.,12 .05,131
. ... 2.005.4R3 124.739
17.337,897 1.024.045
. ... 3.064,840 2.519.977
in months of the two
111.00 12O0
10.50f11.00
10.00 'th 10.50
8. 75 lis 9.75
7.75D 8.75
9.0041; 10.25
8.50l 7.59
4.50 5.50
3 OfiW 4. 0
. 5.00 8.50
, BGUf't 13.00
7.00 if l'J.UO
19.25 IT 19.50
19.00 "f 19.25
, 18.OOtflS.73
17.75&la23
Barley
Corn
Oats
Rye
Wheat
Flour, barrels . .
Kxports for t
years compared:
-Bushels-
Barley
Corn ...........
Oats
Pye
W heat
Flour, ban els. . .
1919.
. .. 9.586,531
, .. 15,899,323
. .. 86.438.889
. .. 13.021.138
...148.164.341
. .. 17.839.778
1918.
22.476.018
33.925,741
87,193.841
ll.eil.lH
S3.29S.897
17.103.ltlU
CLARK, KENDALL & CO.
GoTeranteDt. Mantel pal and
Corporation Bonds.
Corner Fifth aid Stark
" Streets.
LIBERTY
BONDS
"We recommend the pur
chase of Liberty Bonds and
are prepared to 1111 orders
in any amount.
If yon have Liberty Bonds
to sell, we will buy them
from you at highest prices,
depending; on New York
market quotation received
by wire daily.
Oregon School Bonds
Eastern Dairy Produce.
NEW YORK. Juno 2. Butter easy; crsWra-
ery higher than extras. BSHSGc; creamery
extras, 54 vtooc; firsts, 4JQ)u-ic; pacKing
stock, make No. '2, 45c.
Eggs weak; receipts, 84,053; Ires a rath-
ered extras 4u(&4tlc.
Cheese easy; receipts. 2918; stats flats, cur
rent nitLke specials, i- ii o J c.
CHICAGO, June 2. Butter Lower.'
Creamery, 49 53c.
Kggd Lower. Receipts, 71. 22s cases;
firsts, 40(34014c; ordinary firsts, 40&40e;
at mark, cases included, 40 41c ; storage
packed firsts. 42tr421,4c; extras, 4 J vie.
.Foul try, alive steady; fowls, 52 Vic,
Metal Market.
NEW YORK. Junt 2. Copper quiet, but
firm. Electrolytic, spot June and July
closed at lfic.
Iron ouiet. No. l Northern and No. l
Southern, U0.75; No. 2 Northern and No. 2
Southern, $26.73.
Metal exchange quotes lead easier. Spot
5.07 U 5.22Vjc; July, 6.12H3.27ic
Spelter easier. Spot. 6.05 6.25c: July,
New York Sun far Market.
NEW YORK, June 2. Raw sutar steady.
Centrifugal 7.23. Refined steady. Cut loaf,
10.50; crushed, 10.25; mould A 9.50; cuhea
8 75; XXXX powdered, 9.20; powdered, 9.15;
fine granulated and diamond A, 9.; con
fectioners A, fi.90: No. 1. 8.85. 1
Cotton Market.
NEW YORK, June 2. Spot cotton, quiet.
Middling-, S2.e0c.
Coffee 'uturcs Irregular.
NEW YORK, June 2. The market for
coffee futures was rather nervous and irreg
ular today with a moderate volume of busi
ness. Steady milreis prices in Hantos en
couraging some scattering support and cov
ering, but the advance brought out realising
enough to cause reactions. The opening was
8 to 10 points higher and the more active
positions sold 14 to 26 points above Thurs
day s closing prices during the early alter
noon with September touching 19.13 and De
cember 1S.G3. A good part of these gains
were lost later, however, with the close 13
points tower on August, but generally 1 to 4
net higher. July, 19.25; September, 18.93;
October, 13.76; December, 13.40; January,
18.30; March, 18.20; Hay, 1S.12.
Spot coffee quiet; Rio 7s 19?ic nominal;
Santos 4s 24M:c.
Grain at San Francisco.
SAX FRANCISCO, June 2. Flour, $12.90
f. o. b. warehouse.
Grain Wheat. ?2.20; oats, red ffeed. $2.20
2.40; corn, Califfornia yellow, $3.153.40;
barley. No. 1, 1 feed, 1918 crop, 2.B02.52.
Hay Wheat or wheat and oats, Sltil'S;
tame oat, $17$fl9; barley, I114; alfalffa,
$15fM!: barlev strnw. fitsfnr bale.
Prices quoted at the local yards follow;
Cattle-
Best steers
Good to choice steers
Medium to choice steers
Fair to jcood steers
Common to fair tteers
Good to choice cows, heifers. .
Medium to good cows, heifers.
Fair to medium cows, heifers.
Canners
Bulls
Calves :
blockers and feeders
nogs
Prime mixed .............
Medium mixed
Rough heavies
Pigs
Rheen
Prime anrlnr lambs 14 00 Ir 1 !. 00
Fair to medium lambs 12.50(91-1.25
Yearlings f.uo'.n u.au
Wetnart 7.00 D n n
Ewe r. ... coos soo
Chicago livestock Market.
CHICAGO, June 2. (U. S. Bureau of
Markets. ) Hogs Receipts 4 S.000, market
uneven, mostly steady with Thursday's av
eraKfl.' Too $20.65: bulk I20.35'20.G0.
Cattle r-Receipts 22,000; beef steers slow.
bidding lower. Early sales of butcher stock
and calves 25c to 60c lower. Feeders lower.
Sheep-r-Receipts 1 8,000, market slow to
unevenly lower. Choice lambs scarce.
Omaha livestock Market.
OMAHA, June 2. (D. 8. Bureau of Mar
kets.) Hogs Receipts 10,500; market strong
to 5c higher. Top S20.10; bulk $10.85 19.05.
Cattle Receipts 4A00. Beef and butcher
cattle mostly 25c lower. Btockers and feed
ers weaker.
Sheep Receipts 7000, market mostly 15
25c lower.
Kansas City Livestock Market.
KANSAS CITY STOCKYARDS, June 2.
The cattle market underwent the most se
vere price reduction of the year, last week,
and today at a full $1 to $1.25 decline, com
pared with a week ago. trade la lifeless.
This condition Is true at all markets, even
more pronounced elsewhere than b ire. be
cause locally country demand for grazing
and feeding cattle has acted as a sustaining
influence. nog prices broke sharply in tne
first two days of the week, but rebounded
in the past two days, and sheep were quoted
up 50 to 75 cents.
STATE ORIGINS OF LIVESTOCK LOADED
Shipments to the Leading Markets of the
Pacific Northwest. .
Stats origins of livestock loaded June 1,
1919:
For Portland
Cattle Horses. Mixed
Calves. Hogs. Sheep. Mules. Stk.
Oregon 2 5
isnineion .. -2 .... ....
Total Portland 2 2 i.
One week ago 20 0 11 .... 6
Four wks. ago 4 33 2 .... 1
One year ago, 30 3 1 .... 2
For other markets-
Seattle, Wash. 5 S 6
Spokane. Wash. 4 14
Totals U. 8... 2038 2204 6U
One week ago 3o 20r,7 BOO
Four wks. ago 3121 1st IS t07
One year ago. 2-iSrt 115 6
COAST AND ZASTKKN DAIRY PRODUCE
Butter Market Conditions at LesdlBf Dis
tributing Points.
San Francisco and eastern dairy produce
reports received by wire by th Portland
office of the bureau of markets yesterday
iouow: i
Chicago The butter market continued
very weak here this morning and prices do- ;
ell ned on 02 score and lo on cars
of centralized. Trading picked up consid
erably at these prices and the market de
veloped an undertone of some firmness later
In the day. Opinion Is divided, however,
and with the stock offered and expected to
arrive, as liberal as they are. It will take
a good deal of buying to sustain a firmer
market. About as many cars of centralized
sold at 5:;c as at 53 fee Only very fancy
brought the top figure.
New York The butter market was weak
at lAiC decline, and practically no demand.
Very few sales, with light trading. Possible
to obtain butter lets than quotation. No
support to market. More Canadian re
ceived. Big Increase la storage holdings
and street stocks.
San Francisco With a showing of heavy
receipts and surplus stocks on dealers' floors,
the butter market was very weak and
prices declined 3 c. Ninety-three score
butter could be purchased for 65 Ac, but
few dealers seemed to bs In buying mood,
even at slightly lower prices. Some small
outald e demand for storage purposes is re
ported, although very little movement of
goods Is taking place. Storage holdings
ebow another Increase of 23,508 pounds on
Saturday.
STRAWBERRY PRICES HIGH
First Carload Sent from Hood River Brings
St. 50 a Crate.
HOOD RIVER. Or., Juno 2. (Special.)
The warm sunshine is rapidly bringing
strawberries of the lower valley to maturity.
Tonight the apple growers' association
shipped two carloads of fruit. A carload
nightly had been shipped since last Mon
day evening. The first car, loaded with
.5 crates of 24 standard pint boxes.
brought $4.50 a crate, eaid to be the record
for a carload of northwestern strawberriea
The price continues strong and berries are
now selllntr from 14 to S4.25 a crate.
With 70 per cent, or the Hood river valley
acreage of berries in the Deo Flat and the
upper valley, the peak of the harvest will
not be reached before about tbs middle of
June. The labor situation seems Improved.
C. B. Green, Inspector of the Portland of
fice of the United States bureau of immi
gration, has estbalished a local free em
ployment agency- He states that iu date
about 300 out-of-town pickers hav been
furnished to growers. It Is expected that
2000 harvest hands will be furnished be
'fore the season ends.
147
112
1-V1
144
8
1
600
f.lJ
IV 17
333
GRAIN IS GROWING FUST
FALIi AXD SPRING WILE AT MAK
, IXG RAPID PROGRESS.
PRUNE CROP 19 NOT
FAILURE
Young Trees In Yamhill to Boar Heavily,
Sheridan Cannery Opens.
SHERIDAN, Or., June 2. (Special.) The
prune crop In this section of the valley will
not be a failure as expected by many of the
fruit growers. In fact the young trees are
now overloaded although the older trees.
it is indicated,-will have a light yield.
The Sheridan cannery has opened for
canning early fruits and will soon bs oper
ated night and day to keep up with the ca
pacity of fruit which will corns In by the
carload within two weeks. One of th'
largest canning seasons yet experience is
expected this year.
Duluth Linseed Market.
DULUTH, June 2. Linseed. 4.88.
Minneapolis Grain Market.
MTNNWAPOL1S, June 2 Flax, 4 44fM 4-
Prospects Aro Very Good In North
ern Pacific Territory More
Rain Would Help.
Crop conditions in northern Pacific ter
ritory are reported by F. II. Fogarty, as
sistant general freight agent of the North
ern Pacific, as follows:
Main Line East of Pasco weather fa
vorable. Plenty moisture. Fall wheat 10 to
IS inches high and commencing to head
out. Spring wheat 6 to 10 Inches high.
Urains have very good appearance. Pros
pects beet in several years.
Washington Central Railway, Connell
Northern Weather generally - favorable.
Grain growing fast and has good appear
ance. Fall wheat H to 16 inches high, spring
HEADQUARTERS
for
LIBERTY BONDS
We BUT AND SELX. any
amount. New York quota,
tions by wlro every morn
ins. Yesterday's quota
tions. Interest included:
SHs.J100.96
FIRFT 4s.. 97.17
SECOND 4s.. 94.69
KIRST 4S.. 97.79
SKCOND 4s.. 95.20
THIRD 4i4s.. 96.60
FOURTH 4s.. 95.65
VICTORY 4?is.. 100.17
If necessary to sell your bonds,
bring them to us. Wo pay
highest local prices.
ROBERTSON &EWING
S07-8 AT. W. Bank Bid (t.
Frank Robertson H. C. Ewins
HALL & COMPANY
BUT AND SELL.
Railroad
Public Utility
Industrial
Municipal
BONDS
TIELDINQ
5 to 7
Foreign Government Loans
Local Securities
Preferred Stocks
Lewis Bldg., Portland, Or.
FACTS NO. 45
BENJAMIN
FRANKLIN'S
APHORISM
Poor Richard .aid a lot
when he remarked: 'The
way to wealth Is as short
as the road to market."
Both roads are short if
properly pursued and on
sure foundation. The road
to market Is undoubtedly
easy when it is paved with
BITULITHIG
WARREN RROTHERS
COMPANY.
Journal Bnildlns;.
Portland, Oregon
School Bonds in Oregon are bonds Issued by a district
formed irf order to provide educational facilities and advan
tages. In mnny instances such districts include a city and such
adjacent territory as may be properly included within it.
These bonds are a direct tax lien on both the real and per
sonal property existing within the district which enjoys its
school privileges.
In Oretron school bonds cannot be Issued for more than five
per cent of the assessed valuation of the district issuing them,
consequently they are held by conservative investors as very
choice investments.
The School District elects School Directors and Trustees
who administer school affairs and issue bonds when directed to
do so by a vote of the people.
$44,000.00
Baker County, School District No. 24
6 To Negotiable Interest-Bearing Warrants.
Dated: April 15. 1919 Due April 15. 19S9
Price: To Yield 5
550,100.00
Clackamas County, Union II. S. District No. 3
5 Negotiable Interest-Bearing Warrants
Dated: May 1. 1919 Due Serially May 1. 1924-S4
Price: To Yield i.S0?o
$33,000.00
Umatilla County, Union IL S. District No. 2
52 Bonds
June 1. 1919 Due Serially June 1. 19:s-3T
Dated
Price: To Tield if.
Liberty and Victory Bonds
If you must sll your Liberty or Victory bonds, sell to ns.
It you caa buy mora LJberty or Victory bonds, buy from us.
On Hondtr. Juno 2. th. closing- Iffow York market price, ar. siven below. Thes.
sr. the governing prlgs tor Liberty and Victory Bonds all over th. world, and
the highest. We advertise then, pricea daily In order that you may atwaya
know the New York market and the exact value of your Liberty and Victory
Bonds:
3Ui
MVt pr..$ 09.40
Ae'd int.. LS3
1st 4s
S95.4U
i.B7
iit 4a 1st 4 Vis
.o Las
Sd 4HaS1 444th 4Ma V. Hi V. 4Si
193.04 J94.T0 fSS.O 1100.00 t S9.9S
.21 .03 .67 .14 .17
Total.. J101.03 197.27 194.S0 (97.88 $05.25 190.63
$95.65 1100.14 $100.15
11000 bond. TV
When buying we deduct S7e on a $50 bond and I -.50 on
sell at the New York market plus the accrued Interest.
MORRIS BROTHERS, Inc.
THE PREMIER MIMCITAL BOND HOUSE
Established Over 25 Tears.
SO0 -311 Stark St., Bet. 5th and 0th ( groan d floor). Telephone Broadway 1151.
Government and Municipal
Bonds
Bought and Sold
E L Devereaux Si(ompanV
87 Sixth Street Municipal Bonds Broadway 1042
Ground Floor Wells-Fargo Building
IDAHO RULE WORKS WELL
Useless Departments in State Gov
ernment All Eliminated.
POCATELLO, Idaho. A report from
the office of Governor Davis of the new
state cabinet shows that not only have
useless aepartments been eliminated,
but co-ordination and co-operation of
other departments is so pronounced as
to effect a very material saving for the
state in even the llrnt quarter.
formerly statt departments were
handled by dozen, of appointees and
there was much conflict. Kverythinfr is
reduced to nine heads, and each head
is held responsible to the governor, and
he, necessarily, is held to answer to the
people.
The first report of the executive in
stitution ehows business efficiency and
quite void of partisan suggestion, and
it is generally approved, as the gov
ernor is mans the responsible head for
the operation
vision.
of each and every di-
R.art The Orecronisn classified ads.
RANGER OIL FIELD
the greatest oil discovery in history.
Large Colored Map FREE
CritTIS, PACKER ft CO.
50 Bnad St.. New York.
J. B. Steinbach & Go.
STOCKS. BONDS. COTTON, GRAIN.
201-2-S Railway Exchange Building.
JIutton A Co.'. Coast - to
Leased Wire
Coast
Aceouts Carried on Conservative
Marsrista.
Tel.. Main 2S3 - aa.
The New Oil
Fields of Texas
PittibaTga-Tcxas Oil and Gsi
Stronbcrf Carbsreter Ce. ei A is erica
Standard Oil Stocks
Hifh Grade Diversified InTestraent
Trend ei the Stock Market
These subjects, as well as other
financial topics, are covered in
our semi-monthly publication.
"Securities Suggestions"
Sent free upon request.
Ask for 30 "Bp"
ic-MEGARGELaco.
27 Pine Street-HetA&rK
OS
Income Tax Exempt
Municipal
on
Short and Long Term
Ask for List. Call or Phena
FREEMAiV
SMITH
Camp
Co.
Iuiimwu 1 uut Bank Bud.
Trinity Buildings Corporation
of New York
Twenty-Year 5V2
First Mortgage security on two of the
most valuable office buildings and ground
in the heart of the financial district.
An attractive obligation which we
recommend.
Circular on request for OR-02
Offered when, as and if issued
To Yield about Sy2
The National City Company
Portland: Railway Exchange Bldg.
Telephone Main 6095
Bonds
Short Term Notes
Acceptances
lil
It
Iff
Hsl
mm
IIImI
Fourteen Points of the Bond Business
ill
1
It Takes Many Links to Build a Strong Chain
With all its blessings and attendant opportunities,
civilization has placed many exactions upon man
kind. The man of today cannot work single
handed. A lone machine cannot fill the orders of
an anxious consuming public. Machinery must be
assembled by large factories to accomplish present-day
production.
What had Germany to fear when our stalwart sons were
stepping about their various occupations in this country,
unorganized and inactive? But after forces were called
together from Oregon and Maine, from Wisconsin and
Louisiana after they were trained to work as an organized
unit and sent over the top in the Argonne Forest think
what they accomplished for their country and humanity!
As It Is With Soldiers, So It Is With Pennies
Just as soldiers must be assembled in large numbers to make
effective armies, money must be assembled in large quantities to
make capital effective.
So the Trust Company finds money in small amounts, here and
there the country over, and assembles them and fuses them into
single large amounts of capital to serve the purposes of modern
civilization. The. business of the Trust Company is to organize
capital ; to get it together in large amounts so it can accomplish
results.
Money Has a Striking Power When Concentrated
Lumbermens Trust Company
Half Million CapitalHundred Thousand in Surplus
ml