THE MORNING OREGONIAN, WEDXESDAT, AUGUST 6, 1919.
23
STOCKS RALLY PROMPTLY!
LOSSES OF PREVIOUS
LARGELY REGAINED.
DAY
Substantial Buying for Roth. Long
and Short Account Aids in Re
covery; Liberty Bonds Firm.
NEW YORK, Aujr. 5. The stout re
sistance orffred by many speculative stotka
in the course of toaay's lively session waa
commonly accepted as proof that yester
oay'i vjolenr decline of the general list
bad been carried beyond reasonable limits.
Weakness prevailed at the opening-, lead
ers of the- various groups extending yes
terday's luases by 1 to o points, but after
thj lirtt hour an impressive rebound ensued
wnich continued to toe close. ' T he ral ly
clearly resulted from a combination of
what is technically called "good buying"
and covering of short contracts in the
more representative issues, notably trans
portations and seasoned industrials.
important factors today included ad
vices from leading terminals which pointed
to a Bubsidpnce of the railway shopmen's
strike and trie mor hopelul views of rail
road officials regarding the labor sit
uation. Monetary conditions, wh ich fipured so
conspicuously in ia.t week's market, also
tave t m pet us to the ral ty, call loans reflect
ing less discrimination against at In dun
trial collateral. The market vena almost
bare of time funds, however, 7 to 7 V pel
cent being oifcred for the short matur
ities. Industrials pen era! ly recopnized as of tha
tware division and specialties which ow
their activity to professional Interests man
ifested greater resiliency in today's tieal
in kb than former lav orites, where rallies
were comparatively nominal. Sales amount
ed to 1.K75,onO shares.
Foreign exchan was again unsettled
n the further weakness of French, rates,
francs falling to 7.40. Italian and Swiss
exchange also moved In favor of this
market.
Liberty bonds were steady, but the gen
eral bond list was irresu lar and without
especial feature. jalf-5, par value, aggre
Cated SI 2.4."iO,u0. Old United States bunds
Were u nal t'Ted on call.
CLUdlNG STUCK. QUOTATIONS.
pounds; lettuce, $2 2-25 per crate; pep
pers, SI. AO per box; bets, $3 per sack,
cucumbers, 75c $1.00 box; tomatoes. $1.50
yi z per box; peas. 7fr. ioc per .pound; rnu-
barb, per pound; beans. 8 1 Oc.
rtriATUissi .New. s.oow.uo per sack.
ONIONS Walla Walla, per pound.
California brown, 33c per pound.
Provisions.
Local jobbing quotations:
HAMS All sizes, choice 4494514c: stand
ard. 43'a44 4c; skinned, 36 37c; picnic, 28
4j3oc; cottage roll, doc
LARD Tierce basis, 36c; compound, 30c
per pound
DRY SALT Short, clear backs. 30fi?35c:
plates, 271 29c; exports, 31c.
BACON Fancy, 5355c; standard. 46
49c ; choice, 39 v 43c.
Staple Groceries.
Local jobbing quotations:
SUGAR Sack basis. Fruit or berry. SO. 65:
beet, $9.55: Honolulu, cane, $9.6U; extra C,
$11.15; powdered, in barrels, 410.25; cubes. In
barrels. $10.45.
NUTS Walnuts, 273 35c: Brazil nuts. 85c:
filberts, 28c; almonds, 24&30c; peanuts,
15c.
SALT Half ground. 100s. $17 per ton:
50s. $1S.75 per ton: dairy. $2.5028 per ton.
Ulih 31 ue Kofie. 13 8 14c per pound;
Siam, 12c per pound.
UEAN3 Small white, S 10c: pinks.
1xh ffl- c; Limas, 14c per pound.
COFFEE toasted, in drums, 33 50c.
Hops. Mohair, Ktc.
HOPS 1919 contracts, 52c; three-year
contracts, 50c, 40c, 30c; 1918 crop, 55c.
WOOL Territory staple, 4h-aoSc, accord
ing to shrinkage; clothing or French comb
ing. -45? 54c; half hlood combing and cloth
ing, 45. 'a- oc; three-eighths clothing and
blng, 4.y6-c; quarter-blood clothing and
com bing, 40 & 57c ; common and braid, 38
(g uuc.
MOHAIR 1S18 clip, 45c per pound.
TALLOW Ko. 1, 13c per pound: No. 2.
12c per pound; grease. Sit 10c per pound.
.-sew, ne per pound.
Last
Snlf s. High. Low. Sa ie.
Am Beet Suirar. 4,ooo c-ku Mi
Amencan Can.. l;,4oo W .".0 l ' 52
Am Car & Fdry 7,:i'o 1 1 2 - 1 1 0 1I1U
Am H & L pfd. 2. 12 122 1'Jti.
American Ioco. 1 s;t M t2
Am Km & Hoig J2,ti(M 7H44 7tisi 7
Am Sugar Ref g f., J'0 1 :,2 ISO ' 1:10 "S
Am Sum Tobac 11,700 H1 iT 1 a 1
Amer Tel & Tel 3.4rtj 3 102--, 103
Am Z L & Sm. .1,;;"') 2 21', 2:
Anaconda Cop. 22.2(iO tlft 07 l. tW,4
Atchison 4. 'loo i0 92 V
A i &WISSL 3. OHO !)! "'g 145 151
Baldwin Loco.. M.1'. t4 He1
"Rait A- Ohio . . 0.20U 4: 42 42 fn
Beth Steel H .. 51,000 S7, 84
B & S "upper.. 2.2oO 24 22 i 24
Calif Petrol ... S.H'O 42 ;;H S 1 9
Canadian I'aif. '-!,'' ir7 1
Central Leather S4.7" ln"".3 1(12 lor
Ches & Ohio .. 4.0o0 ,'S 57 .".7
Chi M & St P.. 7.uni 431 40 421-8
Chicago &. N .W . 2.200 . . 93 . J3 Va
Chi K I St P .9ti0 2ti'- 2.'.i 20
Chinn Copp.-r .. 2.2'Hi 4.V 4:;-"1 45
Col F & I e div 5.H00 45-8 40 Va 44 U
Corn Products. lU.r.ot) K4 S 81 8."-
Crucible Steel.. 41.400 l.'.2:V iJt'.S l:i0
Cuba Cane Suer-. 9.100 :i I V -! a -iOTs
T: S Food Prods. 24.7UO.. . 7SW "OV 77
Eri" 3. 17 1 H Ti
General - Klfctric l.tl'Mi Itt1 3 59V 3t
General Motors. 7.r,ui 21 S 210 " 21 H
Gt Nor pfd .... 4.7'Mr Ssu- t0'fc
Gt Nor ore ctfs 8:7o0 44'?, 43 V
Illinois (V-ntral 97.
Inspir Copptr... 15.300 61 5SV 60
Int M M Did ... "!.". r.nu 1143 1111: 313
liter Nickel . .. 14i 2 20' 2H
Inter Papr ... 12.2mi 57 .'.r. 57
K C Southern . . hhi 2i!- 19 19 '.2
Kenneott fop. 21,500 :7 it4 , :i'Vs
L-.uis Nash - ' -110
M-xran Ptrol. J 7. inn 11 'i 3 77 3 7'
Miami Copper. . 3.ioO 27 i 2H 27 U
Mid vale Siee! .. l.ino -i2ft 4't 51'
Missouri Paiific 2n.l" :tn 2 U 2H "
Nevada 'oppcr. 2.oto 1 s 1 s'j 1
K Y fential ... 7.r,o0 75 ' 73 73T
N Y N 11 & H. . 35.2ort ::4'i :i2i
Norf A- Wept . . 1 2"0 32 '-3 3 02 1 02
Northern Pacif. 4,900 89 i 8" 6
Pacjft Mail 37
Par Tel t- Tel 32
Pan-Am Petrol. S2.500 lt- 104 3of,H
Pennyvivnnia .. 7. KHI 44- 4 1 44
Pitts "A W Va.. 5. 1" 35 33 V 34
Pittsburtr foul.. 7.3of 7"i tH a:1-
P.ny Consol Cop 3. 1 0O 24 23 24 '
Reading is.r.nn- 82 79's SOU
P.ep lr Steel. S.000 8?t; st, S.
Shat Ariz 'op.. Sort MS 1 7i 1 fi M
Pin Oil & P.efg. 52.5H0
Southern Pacif. 49.000 9 9.. 9.
Southern Rv... tS, 1 no 27 2rt" 2fl
Ptudebaker Cor. SS.200 inr. Tin 1o:,u
Txas fo 4.300 2--.7H 2T-3 -.
Tobacco Prods. 14.5O0 105 OO 102,
Vnion Pacific .. 30.1"O 12i- 124 VJj
Unit Cig Stores. 2.000 215 210U. 211
T" S Ind Alcohol 6.700 1354 132-i 134
t; c; stel "- 01O HI 1 03 U. 104
do'pfd l-4no lir, H414 11
T'tah Copper ... 8.900 80 7
Western Union tt
"West in e Klectric irt.r.nn r3i .'Ps 5-.Va
Willvs-Overland 13.60O 33 31 .;3
Knvfil Dutch .. 44.OO0 90i 86hs J
National I-cad - ?!
Ohio Cities 41.500 o2 48 51
CASCARA BARK
GKAXN BAUt
n carlrtts
20c
Oils.
LINSEED OIL Raw, barrels. $2.37: raw,
cases, $2.47; boiled, barrels, $2.39; boiled.
cases. J.4.
TURPENTINE Tanks, 1.62: cases. $1.72.
GASOLINE Iron barrels. 23 Vic; tank
wagon, 23 c ; cases. 34c ; engine destlllate,
iron barrels, 16c; tank wagon, 16c; cases.
26 Vs c.
COAL OIL Iron barrel. LlVa&l&c; tank
wagon, lo va c; . cases, :4 Wale.
Kaittern Dsviry Prod ace.
NEW YORK, Aug. 5. Butter Unsettled
creamery higher than extras. 54 lA fir 55c;
creamery extras, 92 -score, 54c; firsts, 51 Va
U -53 He.
Eggs Steady, unchanged.
Cheese Steady, unchanged.
HOGS ARE WEAK AT YARDS
TOP PRICE OP $22 IS OW
QUOTED BT DEALERS.
Cattle Hold at Previous Day's Quo
tationsSheep and Lambs
Are Steady.
Only four loads of stocB; were received
yesterday, bnt a considerable supply was
held over from the preceding; day and there
was a fairly active marKet Weakness waa
reported in the hog division with f 22 the
top Quotation. Cattle were unchanged from
the previous day's range and sheep and
lambs were steady.
Receipts were 32 cattle. 132 hogs and 290
Sheep.
The day's sales were as follows:
Wt. Price. I Wt. Price.
10 cows.. 970 $ 7.75 27 lambs.. $ 9.0O
3 cows.. 8s3
cows.. 910
3 cows.. 916
COW 90
1 cow 1060
1 cow 1010
cow. . . 1040
cow... 840
cow. . . 959
s'eers. 9S.-
steers. 950
steers. 1118
steers . 1 1 24
heifer. t40
?ifer. 530
1 bull. . .1450
1 bul!...lV0
1 bull..
1 bull..
5 hoes.
27 hops. .
dhtm weight 20.25222V Hrht weight. $20
r-- io; ugnt light. 5i.2ftyt2i; neavy pack
ing sows, smooth. $19. 2520; packing sows.
rougn. is'di: pigs. S17. 50 19.25.
Cattle Receipt 7000. strong. Beef steers.
medium kiid heavyweight, choice and prime.
$17 18.75; medium and good. 12.25r17:
common. $10& 12.25; light weight, good and
choice. $13. 7517. 75; common and medium.
$9.r00 13.75. Butcher cattle, heifers, 7&
14.50; cows. $6.7513.75; canners and cut
ters. $5.756.75; veal calves, light and
handyweight. $1717.75; feeder steers, SS
13.50; etocker steers. $711; western range
steers. S9&16.2S; cows and heifers, $7.25
12.75.
Sheep Receipts 17,000. unsettled. Lambs.
84 pounds down. S 13.2.1 9 16.75; . culls and
common, 48.50$. 12.75 ; yearling wethurs. $10
'ir 12.75; ewes, medium, good and choice,
$7$9; culls and common, 92.75$6.50.
. 7S0 6 00! 2 bucks.. 120 8.00
. 8s3 7.501 3 yearl.. 92 8.00
. 916 5 OOl 1 steer.. 1160 11.50
. 916 5-SOi 2 steers.. 770 8.75
. 690 5.501 30 steers.. 990 9.75
.1060 9.50! 1 steer.. .1130 11.00
.1010 5.50I 1 steer... S0 1OO0
.1040 7.50 1 steer... 950 9.50
. 840 ft. 00i 3 steers.. 873 7.50
959 5001 1 steer... 840 8.25
. 985 8 5tti 1 steer. ..1100 10.00
950 lO.oOj 3 cows 1013 8.75
.1118 9 50i 1 cow 970 6.50
.1124 9. SOH 1 cow 500 6 50
. t40 6.O0I 2 cows... Sr5 7.7S
530 7.oo! 12 cows... 9.".2 7.75
.1450 7.0Ot 1 COW 940 5 75
150 6.r 2cowa... 890 5.50
.1510 7.751 1 cow 830 7 75
. 60 6.00 Scows 10S0 7 75
. 134 20 50 10 cows IOOO 725
. 140 20.00 1 calf.... 24 O 14.00
. 4 SO 17 OOl 2 calves.. 200 IO.OO
. 120 lS.OOj 1 hlg 4oO 20.O0
. 165 20.00! 3 hoi'rf... 16 21.85
. 80 19.50! 7 hotv... 190 21.50
. 142 20.001 4 hog.;... 230 21.50
. 139 20.00! 50 hogs... 190 21.50
. 140 20. OOl 1 hog, 1GO 22.00
. 349 20.5ol 14 hotfs. ..' 205 22.0O
. 183 20.50 1 hotf.... 192 21.50
. 81 Ifi.WM 1 ho;;-... 250 20.50
80 12.001 55 lambs.. 60 9.00
Price at the vardn were as follows:
nood to choice steers $10.0011.50
Medium to choice steers S.OO ra 9.50
Fair to good steers...... 7.75'ep 8.75
1 hog .
20 hogs.
5 hogs.,
41 hogs..
tH hog.. 1.19
4 no-js.. 140
20 hops.. 349
12 hogs.. 183
7 lambs. 81
198 lambs. 80
Omaha Livestock Market.
OMAHA. Aug. 6. (U. S. Bureau of Mar
kets.) Hogs Receipts 5SOO, 50'S75c lower.
Top. $21.25; bulk, $2O20.5O"; heavyweight.
$20.25 a 20.50; medium weight, $20.60 21 25 ;
lightweight. $20.25 21; heavy packing sows,
smooth. $2020.25; packing sows, rougi,
$19 5020; pigs. IS 5" 20.
Cattle Receipts 11,500. Choice corn-fed.
15 4t 25c higher. Butcher cattle and west
erns mostly steady. Stockent and feeders
strong. Beef stoers, mediqm and heavy
weight, choice and prime. 15.75? 18; me
dium and good, $13.75 43) 16; common, $12
14 : lightweight, good and choice. $14.75
17; common and medium. $11.25 15; butch
er cattle, heifers, $3fil3.35; cowi, $7012.75;
canners and cutters. $5.257: veal calves.
light and handy weight. $12 13.50; feed
steers, $7.7513.50; stocker steers, $7.50
12.oa
Sheep Receipts 18.000. generallv steady.
Lambs, 84 pounds and down, $13. 1 5 fq 1 .. 1 5
culls and common. $912; yearling weth
ers. $n. 75 011.75; ewes, medium and choice.
$6.73ttS.25; culls and common, $2.7-c"6. 5.
Seattle Uvratork Market.
SEATTLE. Aug. 5. Hogs Receipts 755,
weak. Prime, $2222.50; medium, $23
23.50; rough heavy, $2121.5; pigs. $21
22.75.
Cattle Receipts 191; steady. Best steers.
$10.50(11.25; medium to choice, J94J9.50;
1 laO. Wad t,nn-o . nH tlAif.
ers, $7.50iff9.50; common to good, $ig7.50;
bulls, $5 7. 50; calves, $7.25 fir 1 5.50.
-Lower, creara-
CHICAGO, Aug. 5. Butter
ery, 47 52c.
Eggs Receipts 13.426 cases, unchanged.
Poultry, alive, unchanged.
Naval Stores.
SAVANNAH, (la., Aug. 5. Turpentine
Firm, $1.51 Sales, 257 barrels; receipts,
446 barrels; shipments, 3035 barrels; stock,
837 barrels.
Rosin Firm, sales, 985 barrels; receipts,
1712 barrels: shipments, 2262 barrels; stock,
59.922 barrels. Quote: B, $17.05; D, $17. H5;
E, $1 7.75 fir-18.05; F, $ 18. 10 & 18.35 ; G, $18.55
(iD I8 60; H, lS.75r 19.1U; I, $ 19.60 19.75 ;
K. $20.75: M, $21.4020.75; N, $22.75tf23;
WG, $23.60&23.95; WW, $24.25.
Metal Market.
NEW YORK, Aug. 5. Copper and Iron,
unchanged.
Lead. steady; spot. 5.50c; September,
5.55 u 5.57c.
Spelter, easy; East St. Louis delivery,
spot, 7.25c; September, 7.35 7.57 hie,
Iried Fralt at New York.
NEW YORK. Aug. 5. Evaporated apples,
quiet b'ut firm; western, 2123e; state, 22
23c; prunes, firm; peaches, firm.
Cotton Market.
NEW YORK. Aug. 5. Spot cotton, quiet;
middling, 32c.
Duluth Linseed Market.
DULUTH. Aug. 5. Linseed, $5.89 5.93;
September, $5.89 bid.
New York Sugar Market.
NEW YORfv, Aug. 5. Sugar, unchanged.
Phone your want ads to The Orcgo
nian. Main 7070. A 6095.
Common to f(.ir steers 7.00 & 7.50
Good to choice cows, heifers.... .ii0w 9.00
Medium to good cows, heifers.. 6.50'a) 9.25
Canners 3.00'd 4.00
Bulls 5.00 'is 7 50
Calves 9.00 & 15.00
S lockers and feeders 7.00't10.00
Fair to medium cows, heifers... 45U0 4.50
rlogs
Prime mixed
Medium mixed
Rough heavies
Pi fZH ............a
Sheep
Prime lambs
Fair to medium lambs
Yearlings
Wethers
Ewes
21.5022.00
21. 00 -(121.25
20 254 21.00
19.00 (20.00
12.00frl2.50
9.00 'sV 10.00
6.00 8.50
6.00 7.50
6.0U0 7.50
Kansas City Livestock Market.
KANSAS CITY STOCKYARDS. Aug. 5.
After making a good start on Monday, the
livestock market became unsettled. Tues
day because of race riots and streetcar strikes
in unicago. However, mis naa sma.i;er ei
fect on the outlet at this market than an
ticipated and the week closed with a good
clearance in all departments with prices
above the low quotations of Wednesday. Hogs
last week sold uo to $23.40. a new high
record price, and the top price lor steers
$18. was equal to the high level In March.
Sheep prices were 25 to 50 cents lower.
More than 61.000 cattle arrived in the five
days this week, an Increase of 14,000 com
pared u ith last week, and 13.000 less than
a year ago. The increased supply was in
grans-fat offerings from Kansas. Oklahoma
and Texas, together with about 2O0 carloads
from Wyoming. Montana. Utah. Idaho, Ore
gon and California. Hog receipts 30,500,
were 1000 smaller than last week and lo.OOO
short of a year ago. Sheep receipts 23.000.
were 7O00 short of last week and the same
as a yea r ago.
California steers sold at $t1'S34: Teitas
steers, $9,501x15; Oregon steers, $10.50ir
13.55; Idaho and Utah steers. $ 10.50 ?r 13.25;
Montana and Wyoming Bteera, some dry
weather shipments. $9.50'?r1 1.2S; native
steers, fed grass, sojd at $10.5018.50.
Chicago Livestock Market. .
CHICAGO. Aug. 5. Hogs Receipts 20.-
000. oft- to $1 lower than yesterday's gen
eral trrd". "Havy weight $20. nvt 22. 1 5 : rre-
PRICES TUMBLE 10 CENTS IX
CHICAGO TRADING.
Possibility of Cut in Wheat to Con
snmers Leads . to Sell In 2;
Stampede.
CHICAGO, Aug. 5. Semi-panic broke out
this afternoon among holders of grain and
provisions. The cause of fright was the
market effects of possible sudden sweeping
action at Washington toward putting wheat
Into the hands of consumers at a price far
below what the government has guaranteed
to pay the farmers. During the conse
quent selling Bt&mpeae corn made a sheer
descent of as much as 10c a bushel from
the day's too and closed excited 47Vic
net lower, with SeptemDer $1.741.741, and
December $ 1.42 & 1.43 ' . Oats lost lHtf-Wc
and provisions ail the way from 15c to
Strain in the corn market went beyond the
limit or endurance, when near the end
business hours the attention of traders neces
sarily became centered almost altogether
on tne cnance mat the conference announced
to take place between President Wilson and
1-ederal Wheat Director Julius Barnes thi:
evening might result In a radical change
of the policy which it had been generally
assumed that the goveiment would follow
a to the disposal ol the 1919 domestic wheat
crop.
Until after midday the majority of deal
ers had clung to the opinion that recen
drastic setbacks in the price of corn had
sufficiently discounted for the present the
influence of the agitation against the high
cost of living. However, the contingency
in regard to wheat had been looked upon
as remote. Then came signs that this view
was perhaps a mistake, and simultaneously
the fact was disclosed that the market was
almost bare of orders to buy. Liquidation
and short selling then ran wild, but Horn
thing of a rallv- came in t end, mainly
Back of the Bonds You Buy
Back of the Government and Municipal
Bonds you buy from us there are taxable
resources, pledged to payment of principal
and interest, ten twenty thirty times
greater than the bonded indebtedness.
Among the many unusually safe and
desirable issues of bonds that we own and
offer investors none can be more highly
recommended than two issues of the GOV
ERNMENT of BRITISH COLUMBIA. One
issue is due July 1, 1926, and yields 5.50;
the other is due July 2, 1939, and yields
5.55.
Back of these bonds there are taxable
resources in excess of thirty times the in
debtedness. The taxable wealth of British
Columbia is over $810,000,000 its debt is
less than $27,000,000.
Bo a coupon clipper.
MORRIS BROTHERS, INC.
THE PREMIER MUNICIPAL BOND HOUSE
Morrin Building, 309-11 Stark. Street., Between Fifth and Sixth.
Telephones Broadway 2151. Established Over 25 Tears
through profit-taking on the part of bear
Oats sympathized with tn extreme weax
ness of corn.
Packers' buying of lard and ribs made
those commodities relatively firm. Pork,
though, lacked any support and fell like
lead.
TACOMA PLANT IS PAYING
City Council Crges Purchase of
Property Earning $500,000.
TACOMA. Wash.. Augr. 6. (Special.)
Present profit! from the Tacoma
municipal light and power department
aggregate 500,000 annually. The net
earnings for the first six months of
1S19 were $239,534. That is why the
Tacoma council is asking the voters to
approve a bond issue of $300,000 for
the purchase of the Lake Cushman
power site on the Skokomish river in
Mason county.
City commissioners figure that the
light and power department will pay
for itself by 192 and then Tacoma will
have a plant worth $5,000,000 free from
h11 debt.
LIBERTY and VICTORY BONDS
If you most sell your Liberty or Victory bond, sell to na.
If you can buy more Liberty or Victory bonds, buy from us.
On Tuesday. August .'. the closing market prices were as given below.
They are the governing prions for Liberty and Victory bonds all over the -world,
end the highest. We advertise these prices dally in order that you may always "
know the New York market and the exact value of your Liberty and Victory
bouds.
1st 2d 1st 2d 3d
SMrS 4s 4s 4Vs 4 a 4 s
Market price. . 89. SO t4.10 S93.1S $L'4.10 .".rl .-.. nt
Accrued int... .50 .&7 .10 .0 .itt 1.66
4th Vic. VI o
4Wi 3s 4m
$f3.r4 9iS $ 1W.94
1.31 .79 l.OO
Total $100.30 $94.67 SfM.OS $14.70 4.32 $9fi.74" $94. S.I $100.67 $100.S4
When buying we deduct 37c on a $."tt bond and $-.00 oa a $1000 bond. We
tell at the New York market plus the accrufd interest,
BJrglar and Fireproof Sale Deposit Eties for rcuL
MORRIS BROTHERS, Inc.
Telephone Broadway
a nc i rennrr .uunti ipm oonu nouhf
Morris Bldg., SOU -3 11 bturk St., bet. 5th and 6th.
idway llol K-tnblUhed
over years.
Bid.
TJ S T-ib 3ii
rf. lFt 4s.
rlo 2d 4n.
flo 1st 4';
f1r 2d 4',
do 3d 4 :
Ho 4th 4',
VW tnrv
Ho 4i;s...
TJ S ref '-'
do ref 'Js
do con 3
do 4s reg
.$ffSO'TT S 4 eon
' 04 no1 Am T & T -v fis .
. ftTUfi" A tohfn Oen 4p...
. 04.2i O A- R O ref 5s. .
. 3 SO ' V T Oen deb (in. .
. r" OS: Norf h Fac 4s.
. fn.riS North Par . . .
. f0.Jf Par Tel & Tel 5s.
00 fi I'onu ft n 4 l
ti South Vnr rv 5s.
!OU South Pail r. . . .
; res . 1 T "11 fon Par 4s ... .
pou.-. tT" S Ste 5s.....
. . . 106U!Anslo-l r ch os.3
reg .
101 1-
74 1
no
S7
7H
5
05 Vt
101 H
S3 1-
1 no
7 3-16
Bid.
Ronton Cloning .Mining.
"ROPTON. Aut;. ". Closing quotations:
AMouer 45 V North Butt- 15H
Arizona Com. ... IS Old Dominion ... 44 -.
Cal. Ariz T.'.K nrola 0
Cal. rlecla. . . .44t 'Qnincv -. 75
Centennial 1 1 ' Superior 71
Cop R Con. Co. 55-. Sup. & Bos. lin. 3
r' R. Cop. Mine. 17 Shannon 3 i
Franklin U tah Con lOtj
Ttde Rov. (Cop. SH'WInona ...
T-ake Copper.... 6 Wolverine L
Vohawk 74 Jireene Cananea. 44
Money. Exchange. Etc.
NTT-W TOUK, Aug. 3. Mercantile paper
nf hanged.
Sterling unchancerl. Francs, demand. 7.45;
mSK 7.4:1. tiuilaors. 11 11 narige.1. 1. Ire. de
mand. s.7: cables. Marks, aeniana, uign
er: cables. G.
Par silver. $1.0 .
Mexican dollars. N4 i c.
Tome loans strm g, call money easy; all
car and closing bitis at 0 per cent.
LONDON. Aug. 5. TSar silver. 56id per
eun-e. Money. "J T8 per cent.
discount rates, short billf. 3 7-1 6 3
per cent; three month bills, 39-16if3:!
per cent.
rOKTLANO MARKET QUOTATIONS
Crain, Klonr. Ted. Ktc
Slrrf hams' Kxcbar.fi?, noon session.
Aug. Sept.
Oats Bid
No. 3 white feed $51.00 $51.00
Barley
PtHriard feed R'J.OO 62.50
No. 3 blue 63.no 6-1.50
Corn
No. 3 yellow 60.00 67.50
Kastem oals and corn in bulk:
Cats
No. 3 white 40 25 4 50
3s pound clipped 50.00 61.00
Corn
No. :i yellow 6i.00
Barley
No- J 5S.00
WHEAT Government ba&is,
bushel.
riH'R Patents. 11.45 delivered : $11.30
t mill; biker. S 1 1 15 1 1 Ho : whole hoat.
$HV'j54i'10 gr.ihHiii. $10.0o'rf 10.2O.
MILi-Kb Kit M ill run. f. o. b. mill, ca r
$41 per ton: ini.-ved cars. Hi; ton
los n or o f'r. deli ve red, $ 1 . 50 li 2 extra ;
roll d bs rley. $71 ; rolled oits, $66; ground
bariev. $71; scratch feed. $2.
CoilN Whole. 52; 1 racked. $S4 ton
HAY Buving price.-", f. o. b. Pr;rtland:
Alfulf-i. :ui: 1 heat. $20, oats and vetch.
$2t; vai ley timothy. 5-1.
Dairy and Country Prod nee.
BUTTER 92-score, 57c pound ; 1 -score,
56 '-2 ; uv-hcurc. 5tk' : pn nts. part-hmen t
ri ppers. box lots. 61c ; c:rtons. 62c : ha .f
box . f more ; less than half boxes. 1 c
more; butterf.it. No. 1. 61 4; 6Jc per pound.
CHEEiiK Tillamook, f. o. b. TUlmo.k :
triplets. o3e; Young Americas. 34c; long
horns. 34i ; Oons and Curry, t. o. b. Myrtle
Foint triplet. S'.'ijC.
KCiGS Oregon ranch, candled 52 f 54c :
el-i-ts. T.V-; iregoi Pou 1 1 ry .issyciaiion
elei.'t5. 57c; association pullet. 52c.
POULTRY Hons. 27ji29c; broilers. 27
30i ; gees-e. ducks an 1 t urkeys. ncmiuaL
LAL Fancy. "5.- per pound.
FORK fancy. 21 c per pound.
t9.00
5S.00
)- ptr
Vrri:tt and Vegetables.
FKUITS Oranges. $4 75rrti.75; lemons. ?7
f( 8 50 bo: ban mas. 99l-c per p-urd;
a rple. J 'ff 4 per h.v : era ;". 'fruit. S5.50 vj
6; cantaloupes. $ 1.5i -ij 3. 75 per crate; apri- '
rot?. 2JJ 2.5 per box; peac!ies. 5cWl 50 !
per box ; watermelons. 1 7 ii 2 c per pound ; j
plums'. 9cta$1.5' pel ho; grapes. $2J2.oO'
per r-w ; r-rs. $3.7i--4.- --- - J
VBGUTAiitta Cabbage, $3.00 per X00
$15,000,000
R. J. Reynolds Tobacco Company
Three-Year 6 Gold Notes
Dated August 1, 1919
Due August 1, 1922
.o
Redeemable in whole or in part, at the option of the company on any interest date on
thirty days' notice, at
and accrued interest for notes then having two years or more
to run.
101 and accrued interest for notes then having one year or more to
run, but less than two years to run.
10014 ard accrued interest for notes then having less than one year?
to run. ;
From the president's letter we summarize as follows:
These notes are the direct obligation of the T. J. Reynolds Tobacco Company,
which manufactures and sells smoking and chewing tobacco. Its leading
brands are Camel cigarettes and Prince Albert smoking tobacco, the largest
selling single brands in the world.
The company has no bonds or other funded debt outstanding except dividend
script to the amount of approximately $1,500,000.
On June 30, 1919, net quick assets were over $50,000,000.
The company covenants that the quick assets shall at all times be maintained
in a sum equal to at least twice the amount of notes outstanding and all other
liabilities, other than notes secured by United States Government obligations.
The company also covenants that, so long as any of the notes are outstand
ing, it will not mortgage or pledge any property except U. S. Government
obligations.
For the past five years the average earnings have exceeded six times the an
nual interest requirements of this issue.
The proceeds of the notes will be used to meet the requirements of the com
pany's constantly growing business.
Price 100 and Interest
BERjNHARD, SCHOLLE & CO.
NEW YORK CITY, N. Y.
BANKERS TRUST COMPANY
NEW YORK CITY, N. Y.
WACHOVIA BANK AND TRUST CO.
WINSTON SALEM, N. C.
Statements while based on the best available information, are not guaranteed.
A Proud City's Obligation
For centuries the obligation's of old-established cities have
been held the-safest form of investment, being preferred in?
Old IV odd bankers to the bonds of manp governments. Sov
ereignty over cities map change but their obligations stand
unimpaired. These proud old cities have always been very
jealous of their credit.
We are members of the underwriting syndicate and have been allotted
70,000
CITY OF COPENHAGEN, DENMARK
5'2 Redeemable Sinking Fund Gold Bonds
Principal and interest payable in New York City
Dated July 1, 1919 Due July 1, 1944
After 1925 a sinking fund will operate to redeem at par at
least $750,000 of these bonds each year, the city having the
right to increase the amount of the annual drawings. This
redemption provision reduces the average maturity to 15
years.
Population, 1916 605,772
One-half of the commerce of Denmark passes through Copenhagen
(the nation's capital) and the chief financial institutions of the coun-.
try are situated there.
THESE BONDS ARE THE GENERAL OBLIGATION OF
COPENHAGEN.
PRICE : 93.50 and accrued interest.
TO YIELD at full maturity OVER 6
TO YIELD at average maturity OVER 6.15.
Lumbermens Trust Company
Lumbermens Bldg. Fifth and Stark
Six Hundred Thousand Dollars in Capital and Surplus
MUNICIPAL BONDS
CONTAINING ALL FEATURES SAFEGUARDING THE
' INVESTOR FEDERAL TAX EXEMPT.
ROBERTSON & EWING
GOVERNMENT, CORPORATION, MUNICIPAL
BONDS
207-8 NORTHWESTERN BANK BLDG.
PORTLAND, OREGON
Toppenish, Washington, Improvement
Bonds to Net 6
Government and Municipal Bonds
Bought and Sold
.j.pevereaux (ompany
87 Sixth Street Broadway 142
.Ground Floor Wells-Fargo Building .
k