THE MORXIXG OREGOXIAN, TUESDAY, AUGUST 12, 1919.
LOWED PRICES MADE
on mm FLOUR
Market Is Reduced 55 Cents
by Local Millers. '
BASIS FOR PATENTS, $10.75
Eakers' Grades Also Decline Ten
dency of Coarse Grain Values
Is Again Downward.
Xew crop flour prices were announced
by local millers yesterday. v.i;h patents go
ing 53 cents under the old quotation. The
mill price of patents in carlots was fixed at
510. 75, v. ith the usual additional charges
for deliveries. Baiters' hard wheat flours
are listed at $10.5010.75. straights at $10
and pastry flour at $10.23. Whole wheat
flour in the new list is quoted at $10.05 and
graham flour at $0.85.
The coarse grain market was generally
easier. One hundred tons of August feed
barley were Bold at the merchants exchange
at $63, a decline of $1 from Saturday's last
bid, and 100 tons of August blue barley sold
at $67.30, unchanged from the close of
last week. At San Francisco December bar
ley brought $3. 34 against a sale at $3.30
Saturday, and May sold at $3.J5 against
5.'i.L'7. September barley in the Chicago mar
ket closed at $1.37, or 2 cent under Satur
day, while December barley closel 1?. cents
down at $1.38 U-
Sacked oats bids were about a quarter
hiyht'i- on the local board, but eastern bulk
oats declined 3Ucl$l. Corn bids were also
red m el 30c-a$l.
The weather forecast for the middle west
as wirfd from Chicago: '"Illinois, Iowa,
part cloudy tonight and Tuesday, probable
Hbowfrs, warmer. Jlissouri, Minnesota, part
cloudy tonight and Tuesday, warmer: north
and South Dakota, Nebraska and Kansas,
fair tonight and Tuesday, not much change
in temperatures."
Broomhall cabled from Liverpool: "Ar
rivals of Platte corn have improved some
what, and continued substantial clearances
from Argentine can be looked for. foreign
demand for corn i:i the southern grower
does not appear aa active as heretofore, and
It is generally believed that exporters look
for lower levels. Weather of late has been
very favorable for the crop and the out
look has been greatly improved.
frnm ijanubian crops may bo
very f ivor.ible."
Terminal receipts, in cars, were reported
by the Merchants' Kxuhange as follows:
Wheat. Barley. Fir. Oats. Hay.
Portland Monday
Taeoma.
Spokane
g.i4.on
1.709,1S
3 01.739
421,70
PORTLAND MARKET QUOTATIONS
OraiD, Hour, freed. Etc.
Merchants' .Exchange, noon session:
Aug. Sept.
Oats Bid. Bid.
o. 3 white feed $36.73 $37.00
Barlev
Standard feed 65.75 68.5"
No. 3 blue 67.00 87.50
Corn
No. 3 yellow .74.50 74.50
Kastern oats and corn, bulk:
Oats '
No. 3 white 53.O0 nrt.fiO
oS-lb. clipped 54.00 54.00
Corn
No. 3 yellow 73.00 75.00
Barley
No. 'J 63.50 64. OO
per
basis, $2."0
Advices
considered
Year ago
feii'-nn to date. . . .
Yen- ago
Taeoma Saturday
V ir ago
Sen on to date
Yea r a
Seattle Saturday
Tear a fro
Sea. son to date
Year ago
' -ih 1 6 3 7
535 44 iC6 SO 357
11 n
; l
ins 23 ... is 63
11 ... - 51
6 1 I 1 ...
13
if. 12 ".2 41 67
tHO 15 205 51 J42
WHEAT Government
but' I1, el.
KLOI7R New Crop ratents, $10.73; bak
ers' hard wheat, $10. 5d 10.75; whole wheat,
$10.00; graham, $i.5u; pastry flour, $10.25;
straights. $o.
iliLLFEKU Mill run. T. o. b. mill, car
lots ton lots or mixed cars, $41; ton lota or
over, delivered, $1.50 2 extra: rolled barley,
$6-5; rolled oats. $02; ground barley, $ti8;
scratch feed, JKo.
CORN Whole, $78; cracked, $80 ton.
CORN' Whole, $2; cracked. S4 ton.
IIA Y Euying price?, f. o. b. Portland:
Alfalfa. $30; cheat, $20; oats and vetch,
$20; valley timothy. $28.
Dairy and Country Produce.
BUTTER !2-score, 54c pound; 01-score.
54c; 1MJ -score, 53c; prints, parchment
wrappers, box lots, 59c; cartons, GOc ; half
boxes, 1 2 c more ; less than half boxes, lc
more; butterfat. No. 1, 59 Q 60c per pound.
CHEESK Tillamook, f. o. b. Tillamook:
tripieta, 33c; Young Americas, 34c; long
horns, 34c : Coos and Curry, f. o. b. Myrtle
Point triplets, S2c.
EGGS Oregon ranch candled, 52 Cg 55c;
selects, 53c; Oregon Poultry association
selects, 57c; association pullets, 62c
POULTRY Hons, 27 20c; broilers. 26
28c ; geese, ducks and turkeys, nominal.
VEAL Fancy, 25c per pound.
PORK Fancy, 28c per pound.
Fruits and Vegetables.
FRUITS Oranges, $4.75f6.75; lemons. $7.50
s.&u box: bananas, 90 Vc per ptund
apples, $2(3.50 per box; gra'pefrutt, $5.50 ft
6; cantaloupes, $1.233 per crate; apri
cots, $2&2.33 per box; peaches, 50c&$1.40
per dox: watermelons, 2 c per pound
piums, $1 f& 2.2; per box; grapes, $2 Sf 3.75
per oox; pears, laiwa.so.
VEGETABLES Cabbage, $3.75 per 100
pounds; lettuce, $::&2.2a per crate; beets. $3
per sack; cucumbers, 7$1 box; tomatoes,
$22.25 per box; peas, lOilic per pound;
rhubarb, 6c per pound; beans. iP10c.
POTATOES New. $2.502.75 per eack.
ONIONS Walla Walla, 3&3c per pound.
California brown, 3c per pound.
Provisions.
Local Jobbing quotations:
HAMS All sizes, choice 4445c; stand
ard. 43 44 4&c; skinned, 36 37c; picnic, 28
fe-30c: cottage roll. 36a
LARD Tierce basis, 36c; compound, 30c
per pound.
DRY SALT Short, clear backs, 30935c;
plates, 27 29c; exports, 31c
BACON Fancy, 53(&55c; standard, 46
40c; choice, 39 & 43c
Staple -Groceries.
Local Jobbing quotations:
SUGAR Sack basis. Fruit or berry, $9.65;
beet, $9.53 ; Honolulu, cane, $9.60; extra C,
$9.15; powdered, in barrels, $10.25; cubes. In
barrels, $10.45.
NUTS Walnuts. 27Q35c: Brazil nut, ar.n-
f ilberts, 2Sc; almonds, 2 4, it 30c; peanuts.
Italic
SALT Half ground. 100s. 417 ner tnn -
j0b. $lS.7o per ton; uairy, $26.50(23 per ton.
OIUO KOSC. 1,1 '.i 'll 14c tmr nmirwl
Siam, 12 o per pound.
st.Afc Small white, 04 10c; pinks,
U c ; Limas, 14c per pound.
COFFEE Roasted, in drums, 39 50c.
Oils.
LINSEED OIL Raw, barrels. $2.43: raw.'
cases, $'.1.53; boiled, barrels. $2.45: boiled.
cases, $2.ou.
TLKrL.NTE Tanks, $1.91; cases, $2.10.
OASOLl.Nh Iron barrels, 23 4c; tank
wagon, 23-c; cases, 34c; engine distillate,
iron barrels, 16c ; tank wagon, 16c ; cases.
26 ic
COAL OIL Iron barrels, 1 3(3 15c; tank
wagon, io ' c ; cases, m aic
8HORT ALASKA PACK IS REPORTED
Poorest SeaMin for Salmon Canners in 30
Years, It Is Said.
James Durney, an authority on salmon,
predicts a very short pack and high prices
on Alaska fish. In a trade circular he
fcays;
"Advices from practica'.ly every canner
operating iu Bristol bay are to the effect
that the run i.s over and the pack of salmon
is the poorest in 3 years. Some packers
have put up less than 30 per cent of the
quantity they packed last year. One or two
hae been a little more successful and have
packed about 50 per cent, but taking re
ports as a whole, it looks as though the total
pack of Alaska red balmon in Bristol bay
tills year will not be over 40 per cent of
tho pack of 101 S. -i f the pack had been
normal and we had filled our cans it would
have cost all the way from cents to $1
a case more to pack this year than it did
la:t. With the fhort pack, the cost is
naturally greatly Increased. Very few, if
any, of the canners can get out without a
I os. even if tho price of Alaska red is $3
f. o. b. coast."
001 LOCAL DKMAMI FOR EGOS
Prices Are Maintained With Light Receipts.
St o rase Holdings.
The local demand for rpgs continues good.
Candled stock sold on the street at a range
of 62 to 53 cents. Street stocks were 22
rases agaii.st 2131 cases a week ago. Re
ceipts Saturday were 404 cases from Ore
gun, 3 1 from Idaho and IS from W ashing-
ton, a total of cases. Total receipts
last week were 2555 rases as compared with
1S3 cases in the previous week.
Total storage holdings of eggs in the
leading markets yesterday were as follows:
Portland
S.attle
Hni Francisco
Boston
Clttcauo
M-w York . . .
Philadelphia .
Totals 3.S3,t;il
Storage holdings one year ago, not in
eluding the pacific toast cities, totaled
3.234.l:;2 cases.
Cas
3U.H22
4.7
. . 1 16.1S5
. . 430. 072
. .1.215.70
.. 2SS.H51
IX R SALE DATE
IS
I HANGED
Rnnirn in
Stocks Probably Smallest Eer
Hitorv of Trade.
The date of the fall fur sale at St. Louis
haw been chanped to Sp'ember 10.
The strong demand for furs of practically
all kinds stril - continues. The available
storks, particularly of the American staples,
arc probably the sma'.lcst ever known in
the history of the trad". The Russian gov
ernment recently placed- certain restrictions
m the shipment of furs out of Russia, whi
wi.l naturally curtail the quantities expected
from that source. Now that peace is prac
ticatiy declared and the embargo on ship
ments to Germany and her allies lifted,
a new source of demxnd may be expected
f.om these quarters.
SAN FRANCISCO PRODUCE
MARKET
Fresh
Prices Current on Eggs, Vegetables,
Fruits. Etc., at Bay City.
SAIN l-lCAKUSCU, Aug. 11. Butter, 5Bc.
Kgffs Rresh extras. 00c; firsts. 5ti-i;
cheese firsts. J.c; Young Americas, 33c.
Poultry liens, 3Qi&z3c lb. according to
se; young roosters, 3 to 40c; old, L0c; broil
ers dJQo4c, acL-oruing to size: fryers. 33 'a
:, according to quality; geese, nominal:
pigeons, $2.&u &3.50 dozen ; squabs, 4U1 due
pound.
egethles Rhubarb. $1.50631.75 box: eeir-
plant. ti5!j.7."c lug box; peppers, bell, $11.50
lug Uos; chile, 75ff(Sl box; summer atiuafn.
it hern, d05t40c lug box; tomatoes, $l.U5p
3 crate; potatoes, garnet. $2.25 'a 2.50 cen
tal; onions, yellow, $2.25'i2.3u cmiial: green,
$1.254 1.5tf box; gret-ii peas, 5'tt7o lo.; cu
mbers, 40(a65c small box; green corn. S2.50
3.25 jack; okra, 11.25 box: carlic. "i Cta
-'-VsC pound; beans, string, 3r'4VsC pound:
wax, 3y-4',-;C pound; limas, 4 a 6c pound.
i-ruit oranges, 4.uit a .....o box: lemons
$4.00(.00; grapefruit, $4.00'j 5.00; bananas,
i -it c pound; pineapples, $2.oo a 4.50 dozen:
Pars. Bart let t, $1.2jS, 2.50 box. according
to grafle; apples 4-ticr, $1,2512.50 box:
plums, $1.30i l.s5 crate; peaches, 5c(t$I.Oo
Mnal 1 box ; apricot b. lirTc pound : honev -
ilow melons, 73c o, $l.oo crate; cantaloupes,
sta ndards. $1.2"' ro 1..".0; pony. $ 1 .0J 1.2.". ;
flats, G5tf7rc: fips, Sl.OO-l.. crate; rasp-b.-rrios,
$13. 00'fi 17.o chest; strawberries,
$lt.inrri:c."o chest; blackberries, $8.0O;.uo;
grapes, Kontainhleau, 63 73c small box;
seedless. $1.00 - 1.25 small box.
Iter-eipts Flour, 12,400 quarters; larloy,
lo.s5 centals; beans, R2"2 i.irke; potatoes.
ltt..'I'J sacks; onions, 4220 sacks; hay, fc35
tons; hides, M5.
GAINS ARE NOT RETfllKED
STOCK ' MARKET REVERSES
COURSE AFTER OPEMXC
Setback Ascribed to Stronger Tone
of Money Rates and Unfavor
able Labor Conditions.
NEW Y'ORIC, Aug. 11. Stocks were strong
at the opening of today's session. Indications
pointing to a continuance of the rally which
accompanied the final days of last week,
but the market soon reversed its course and
closed with mixed gains and losses.
reasons for the setback were based in part
on the stronger tone of the money market
and further unsatisfactory labor conditions.
Call loans opened at 0 to 6' per cent, tho
nigner rates whieh prevailed virtuallv
throughout today probably being caused in
part by last Saturday's bank statement
which disclosed a moderately heavy loss in
cash reserves.
The chock to business at Imnnrtanf wtt.
ern and southwestern sections was attributed
less to me nigh cost crusade than to fur
ther ttrike developments. which more
seriously affected the shipment to marked of
raw materials.
Heaviness in United States Steel, which
fell 2 points from its blight initial advance,
was ascribed, for want of a more convincing
reason, tn the deatli of Andrew Carnegie,
but that theory found few supporters in the
financial district-
Alore b tabic conditions ruled In foreign
exchange, the French rate hardening with a
steadier tone for sterling, but Italian re
mittances suffered another slump.
Firmness attended the restricted dealings
in bonds, although internationals were
slightly lower. Total sales, par value, ag
gregated $0,350,000. Old United States bonds
were unchanged.
CLOSING STOCK QUOTATIONS.
Closing
Am. Beet Sugar. 1,400
American Can . . . (,no
Am. Car & Fdv..42.5ho
Am. H & L, pfd. 1,000
Am. Locomotive. 7.U0U
Am. Sinlt & Rfg. 4.700
Am. Sugar Rfg.. 3,500
Am. Sum. Tob. . .ll.OnO
Am. Tel & Tel 1.200
Am. Z. L & S... Sou
Anaconda Cop... 7.200
Atchison 2.100
Atl. U&WISS 2.200
Baldwin Loco. . .32,7o0
Bait & Ohio 600
Beth Steel "B" .. 15,000
Butte & Sup Cop 400
Calif Petroleum. . 2.500
Canadian Fac... 3,100
Central Leather. .21, H0
Chesapeake & O. l."oo
C, M. & St. P. . . 8.700
C. & N. W 1,000
C. R. I. & Pac. .24,;oo
Chfno Copper.... S00
Col. Fuel & Iron. 800
Corn Products 11,300
Crucible Steel 17.400
Cuba Cane Sugar 3,400
V. S. Food Prod. R.800
Erie 2.500
Gen Electric 200
General Motors.. 4.oo
fit. Nor, pfd 1.4oi
Gt. Nor. Ore. ctfs 1.S0O
Illinois central : .... ....
3.500 62 604
S.lnft 1151 114 U
High.
87
Iow.
85 H
50 4
123H
122
Si3 84 '4
7Si 76 Hi
1T.2
12-7
1031;
0v
2
154
IMS ifc
52 -S
8 5 " j,
25 '4
45
157
103
56 U
44
113 U
25 H
4 a 14
SI i.i
2L-1 il
44 H
102'i
07 M.
siH
140
lo.-.H
42
So'i
24 H
4 an
ir,:rs
!'
.10
4L'i;
24.
4514
4r,
7S94
i:t:!i4
:!2'
7R-U
1 K2 vi
21 S
ss
43 H
bid.
soii
51
1-U
122
!21
1021A
7i.2
!t2
149
10fli
42 VS
24 It
43 H
ir.4
100
r.ii
42
02
24-4
4.', 14
4.".
7
i::4
:i:t
S0
1H
l(i2Ti
210'
Inspir Coppfr. .
Int. M. M. pfd.
int. tckel ;;.:;nii
Int. I'apsr 4.U00
K C Southern
Kennecott Cop... C.T00
Louis & Nash
Mex Petroleum.. O.lOfl
Miami Copper.... ."no
Midvale Ste1 S.7(l
Missouri Pac... .."'.)(
Montana Power. . .".00
Xevada Copper... 400
X Y Central 2.700
Int.. Paper 4.:il0
X Y. X H & H . .11,110
Norfolk i- West. r.oo
Xortliern Pac . 300
Pacaflc Mail 2011
Pac Tel & Tel. .. 20
Pan-Am. Petrol. .11.200
Pennsylvania 1.200
Pitts & W. Va ,
Pittsbure Coal... 3.H00
Eiv Cons Cop... oo
Readlns O.ino
Rep. Iron & Ptecl 4.1O0
Sin. Oil Rfg. .2:'.. two
Southern Pac l::,400
Southern Kali 4. Win
Htudebaker Corp. 7.K0O
Texas Co 2.0MO
Tobacco Prod .... 7.:iOO
Vnion Parifie.... 3.T.OO
T'nited Cipar Strs ....
TT. S. Tnd Alcohol. 4.HOO
1". S. Steel 103. 200
U. S. Steel, pfd. . ."iO'i
'."tah Copper.... 2.4A0
Westing Klec R.200
U i:lvs-Overland. . S.SOO
Koval ruteh 21.UOO
X'allonal Lead... l.TOO
Ohio Cities Gas., f.r.oo
50X
27
17S"
2S
:.2H
snl
7:1 'i
lS'i
74
.".!)
34 H
lonij.
s 1-'.
ISvs
l"7i
44
71 '4
24
7!)
00
r.o
f"
2
lntpi
Tor. "
127
I or, 14
I I IS
r.4
&7
S7i,i
173;4
27 i
HI 't
2SVi
loon-f-R
'
n:t
lor.K.
43
7o' "
2414
7S
!17M,
2 r".
1121.3
101 i
124 1.4
r2 1-
32 i
4:1 ;
fi:t
fiOT
114',
27 r.7V4
20 ii
37
111
173
27
2S'i
lniiH
sn
1R74
33
10r.1t
43 ?j
33
711
24 H
7S
nru
2S
113 It
102
73 CENTS
is the bonded debt per acre governingf a new issue of
$90,000
Independent Highway District No. 1
Asotin County, Washington
GOLD 6 BONDS
the unsold $56,400 of which we own and offer, subject to sale.
The district contains 124,800 acres, including most of the
best grain land of the county. The lien for the payment of
the bonded debt is paramount and superior to any other lien
by mortgage or otherwise, except for general taxes.
Denominations $100, $500
Maturities 1930-1939
Prices: To Yield 5.35 to 5.45
Income Tax Exempt
Detailed circular gladly mailed on request.
Lumbermens Trust Company
Lunibermens Bldg. Fifth and Stark
Six Hundred Thousand Dollars in Capital and Surplus -
Exempt From All Federal Income Taxes v
3100,000.00
Teton County, Idaho
SVi ROAD and BRIDGE BONDS
DENOMINATION $1000
Dated: July 1, 1919 Due: Serially July 1, 1929-38
Financial Statement
Assessed Valuation (1918) $3,132,282
. Assessed Value (estimated) 9,400,000
Total Bonded Debt, including this issue 215,000
Population (official) 4600
PRICES: To Net 5'
LIBERTY and VICTORY BONDS
If you most Mil yonr IJbertr r Victory bond", sell to its.
If you can boy more IJberty or Victory bonds, buy from urn.
On Monday. Aupust 11, tho opening market prices were as iriven oelow
They are the rovernin; prices for Liberty and Victory bonds all or the world,
and the highest. We advertise these prtcea daily in order that vou may alwavs
know the New York, market and the exact alue of your Liberty abd Victory
bouds.
1st 2d 1st Cd 3d 4th Vic Vlo
H 4s 4s 4s 4H 4'4 4Us SHis
Market price. .t9.S J94.00 93.SS y4.m Jn.1 xn 94 Oil U3 :til ?91i Srt J9il s4
Accrued Int... ..'5 . .6S .97 .B7 1.03 1.74 1.S8 .85 1.08
Total S10O.35 194.68 594.55 94 7 !4.SS $! 64 I94.6S J100 71 $100 9--
When bnylnr we deduct 87c on a $50 bond and $-.50 on a $1000 bond. Wo
aell at the New York market plus the .accrued interest.
Burglar and Fireproof Safe Deposit Boxes for rent.
MORRIS BROTHERS, Inc.
Tbe Premier Municipal Bond Hoow.
Morris Bide., 309-pll Stark St., bet. Dtn and 6th.
Telephone Broadway 2151 Kstablisbed OTer 25 year.
cial.) Because of scarcity of labor,
contractors here are refusing to make
offers on street work for which the
city has called bids. The contractors
are laying about 30 blocks of paving
and several miles of sidewalks within
the city and building eight miles of
county paved roads near Aberdeen.
1 1
j no
i.-.c;
1 nr. 4
ll'. Va
87
:vj h
rim;
Bid.
BONDS.
IT S rcf 2f reg. .!! ifcOT P 4n 70
do coupon . ..IHMfelN" P 3 fifl'i
U S cv 34 reg. .'. (Pac T & T 5s..an0i
do coiipoQ . . . H9 Pa con 4 'ia . . . -ft.'i i
U S 4s reK lUlS P cv 5s 101
do coupon ..IDH'.io Ry 5s 01
AT&T cv Gc.101 ilj P -4s RSi
Atrh Ken 4s Tfl'ilU S Stc .s ina 14
n & K G ref rs. AHIAnBio-Kr 5s ...07 5-16
N' V O deb Gs. . DG'.-l
lea1 .Markets.
NEW YORK, Aug. 11. Copper, dull and
unsettled. Electrolytic, small lots for spot
and prompt delivery, 2 22c; September,
nominal, 24c.
Iron, Btfaly: No. 1 northern. $30; No. 2
northern. No. 2 southern. $28.50.
Mftal exchange quotes lad dull; spot,
G.4n 00c; Spptember, 5.75c.
Spelter, quiet; East St. Louis delivery,
spot, 7.20'5'7.3."c: September, 7.257.50c.
Seattle Fed and Hay.
SRATTLE, Auk. 11. C!ty deliTery.
Feed, mill, $45 per ton ; scratch t fed, $S2;
fppd wheat, $3; all -grain chop, $77 ; oats,
$t.rt: sproutinsc oats, $7:; rolled oats, $JS;
whole com, $2; cracked corn, $S4; rolled
baricy. $74; clipped barley, $79.
1 ay Eastern Washington timothy, mixed,
$fift;i7; double compressed, $40; alfalfa,
.ol(aJ2; straw, $15rlR. '
Bid.
Minlnr tStot-ks at Boston.
BOSTON, Auk. 11. t'lopiiifr quotations:
Allouez 4'-North Butte .... 154
Ariz Com iri-iOM Dom 4r 1-
'alu & Ariz 75 OHeoia 5
Calu & Hocla..-440 IQuincy 7
Ceii ten nial 1 7 1 j Shannon S
Cop Range .... U '. ''tah Con 101 Va
Kast Butte 20 IWinona 1
Franklin 7'z iWolvvrin 2H
Isle Royalle ... 35 111 ran by Con 77i
Lake Copper ... 5 M-ireene Can .... 42 4
Mohwk 75 I
New York Sugar Market.
NEW YORK. Aug. ll. Raw sugar, steady;
cent rifu gal. 7.2c ; refined, steady; cut loaf,
I il.."0c iTushr-ri, 10.25c; mould A, -0.50c ;
cubes, 0.75c; XXXX powdered. 0.20c; stand
ard powdered. U. 15c; fine granulated and
diamond A. l.00c ; confectioners A. 8. 9uc;
No. 1 5oft niictr, S.S5c.
CIBK BITTER TWO CENTS LOWER
Neither Buyers Nor Seller Show Interest
in Market.
The butter market opened weak and in
active. Trading in cubes was very light
and was confined to small lots for local
:onsuinpiion. The limited sales reported
were at prices 2 cents under those prevailing
Saturday. The better qualities were scarce
and there was little interest In any grade".
Prints were unchanged from the close of
:.t week. Receipts were lisht at 4774
pounds, all from Oregon points. Small
sior.igo withdrawals offset quantities put
away. Street stocks increased to 197.120
pounds. Cheese receipts were 30, 12S pounds
f:om Oregon, and 10I7 pounds from California.
Carmen Peaches Are Received.
Peh receipts were liberal and with a
good demand, prices were steady. Among
the arrivals was the first car of Yakima
Carmens, which were quoted at $1.15. Trag
edy plums were also received from the same
point.
Cantaloupes told fairly well, standards
bringing I2.75i3, ponies $2.50 and flats
2 1.25. Watermelons are clearing up and
wuro iirincr at 2-rt21- cents.
Rank .eatings.
Bank clearings of the Northwestern cities
yestojcay were aa follows:
Clearings Balances
Portland 7.2rt.424 $2,429,014
fct.atli , , , 7,SL'3,toi2 1,U2U,21
HALL & COMPANY
BUT AND SELL.
Railroad
Public Utility
Industrial
Municipal
YIELDING
5 to 7
Foreign Government Loans
Local Securities
Preferred Stocks
Lewis Bldg., Portland, Or.
Monry, Excbancr. Etc.
NEW YORK, Aug. 11. Mercantile paper,
5 ?r .i Dr cent.
interline. tiO-day bills, $4.2; commercial
60-day bills on banks, $4.7 : commercial
HO-day bills. $4."7'.-,; demand, S4.311,?: cables.
$4.:;2I-4. Francs, demand, 7.70; rabies. 7.S.
Guilders, demand. 37H; cables, 37, Lire,
demand, S.09: cables, S.97. Marks, demand
6: cables. 6.
Government bonds, steady; railroad bonds,
firm.
Time loans, steady; 60 days. 90 days and
six months, 8 par cent.
Call money in fair demand: hljh. low.
ntline rate and clorins; bid, all 6; offered
at ti1; last loan A; bank acceptances 6.
Bar silver. SI. 123k.
Mexican dollars, M?c
LONDON. Aus. 11. Bar silver. BV4d per
ounce. Money, per cent: discount rates,
short bills, 3 7-lt'3V4 per cent; three-month
bills, 3 9-lBaf:s per rent.
Aberdeen Paving Bids Ho Begging.
ABERDEEN. Wash., Aug. 11. fftpe-
FACTS XO. 453.
REPAIRING
THE DAMAGE
Prance will spend 10.000.000
francs in new public work.
The programme calls (or
improving 6000 miles of
national roads and about
60,000 miles of other high
ways damaged by war.
There are also 2000 bridges
to be rebuilt. 12 tunnels re
bored, and 10,000.000 tons
of material is needed to do
the job. The roads to be
reconstruc ted could be
placed in the best possible
shape if they were paved
with
BITULITHIC
WARREN BROTHERS CO.
Port of Nehalem, Oregon Bonds to Net 5
Government and Municipal Bonds
Bought and Sold.
L nevsreaux 5i(5mpanv
87 Sixth Street
Ground Floor Wells-Fargo Building
Broadway 1042
Bonds Backed by
Whole Communities
TWENTY different states, from the Atlantic to
the Pacific supply the 31 carefully selected
state and municipal bond issues included in our
current offerings to investors. .
Complete exemption from all Federal Income
Taxes is one excellent feature of these securities.
These bonds range in yield from
4.275 to 5.40 per year.
Our Offering Sheet of these securities will be eent to you
upon request for OR-238.
The National City Company
Correspondent Offices in SI Cities.
Portland Railway Exchange Building
Telephone 6095 Main.
Bonds Short-Term Notes Acceptances
Ws sn sss attar, subteet ts rlsr sata. the anl ssrtlsa f
$45,000
Talent Irrigation District
In the Bon Xttrsr Valley, Jaeksoa Conner. Otscob
Municipal 6 Gold Bonds
DATED Janaary I. 1911
DUE Serially
Denominations $500 $1,000
$9,500.
Jan. 1, 19S7
MATURITIES
Jan. 1, 1935 $21,500. Jan. 1, 1936 $14,000.
Taast bond ara issued pursuant to a ro'm of tht taxpayers
Municipal Tax Lien General Obligation
Tssss bands ar a swaral tax ns aa 1417 aaras sf His fasioss Rata Rhnr Vallay.
esaisiislat Trw Talest Irrlcatloa District. Jaskleu Cauaty. Orasoa, a aisolclnl district
orsanlzad nScr tha saaaral laws sf ths St its af Orasoa. prior ts sjly srtsafls Haas,
Includlnf raortfaa tacarlas Federal and State Farm Loaa Beads.
Frtselsal sad latsrset ais cayaMs traai tsxas oelleetad by tha Ceawtr TrsasBrar alossj ttk
aad la tits same masnsr as ether teaeral taxes.
i v
CERTIFIED BY THE SECRETARY OF STATE OF THE STATE OF OREGON
LesaUty Aontered by
G00DTRLLOW. DXLS, MOOBS OBBICK. 8 AN FBANCISCO..CAL..
and by tbe
AirOXNIT OBXEBAIj OF THB STATB OF OREGON
Price: 101 and interest, to yield nearly 6
Income Tax Exempt
Wire ar Fboas "rjoneot"
Freeman Smith & Camp Co.
SAn FsAscisce
SECOND FI.OOR
NORTHWESTERN BANK BUILDING
Main 646
WE OFFER
$1,500,000.00
GREAT WESTERN POWER COMPANY OF CALIFORNIA
7
CUMULATIVE PREFERRED STOCK
Callable at 105
Pi on-Assessable
PAR VALUE $106 PER SHARE
Free from Individual Normal Federal Income Tax
Dividend Payable on the First Days of January, April, July and October
Transfer Offices No. 25 Broad Street, New York, and No. 14 Saniome Street, San Francisco
Issued Under the Authority of (he Railroad Commission of the State of California
CAPITALIZATION
Bonds' ...Outstanding $29,125,200
Debentures due 1925 Outstanding 4,779,400
7 Preferred Stock (including: this issue) . Outstanding 1,732,211
Common Stock .-Outstanding 27,500,000
EARNINGS
Calendar Years 1917 and 1918 and Twelve months ending June 30th, 1919
.1917 1918 1919
Gross earnings $4,069,512 $4,702,271 $5,084,441
Surplus available for dividends on 7 preferred stock (including this issue)
after deducting all prior charges of every description including federal
taxes and depreciation 705,775 875,786 955,260
Preferred Stock dividend (including this issue) 121,254
$ 834.006
It will be noted that the amounts available for dividends on this preferred stock for the year ending June 30, 1919,
after paying . all interest charges "of every description as well as taxes, including Federal Income Tax, all operation main
tenance costs and depreciation, are over seven times the amount required. In other words, the dividends are secured by
surplus earnings of $834,000.
Attention is called to the large surplus earnings for the past three years. These figures also show most satisfactory
increases. Surplus earnings available for the preferred stock dividend have averaged for the past six years about six
times the required amount.
VALUE OF PROPERTY
The investment in the operating properties of the Great Western system, in a report made by independent engineers
and submitted by the Company to the Railroad Commission of California, was placed as of June 30, 1918, at $39,252,000.
In the same report the cost of the undeveloped property is shown to be approximately $12,000,000. Therefore $50,000,000
may be taken to be a conservative value for the existing properties of the Great Western system.
PURPOSE OF THE ISSUE
This $1,500,000 preferred stock is issued to defray a portion of the expense in the construction of the company's new
Caribou development, which will produce as soon as completed an additional 53,000 H. P.
The foregoing figures do not take into consideration increased values or the earning capacity of this new development.
This stock is issued with the approval of the Railroad Commission of the State of California.
For further information reference is made to a letter of Mr. Mortimer Fleishhacker. President of the Company,
which will be supplied upon request.
We recommend this stock as an investment.
PRICE 100, TO YIELD A FULL 7
Circular on request.
GIRVIN & MILLER
Kohl Building
San Francisco
LEROY T. RYONE & CO.
405 MontgomeryNStrest
San Francisco
STEPHENS & CO.
625 Market Street
San Francisco