Morning Oregonian. (Portland, Or.) 1861-1937, August 26, 1919, Image 21

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Morning Oregonian., August 26, 1919, Page 21, Image 21

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Newspaper Page TextTIIE MORNING OREGONIAN, TUESDAT AUGUST 2(5, 1919. ' ALL WHEAT DEALERS MUST HAVE LICENSES Grain Sold for Any Purpose to Be Regulated. CEREAL MARKETS STEADY Corn and Oat Bids Are Advanced 15a I r IoIlar on Local Hoard. Barlejr Unchanged. rr Fruit Growers association of Puy.llu p. Wash. They are bought in Eugene and parked In barrels with a quantity of sugar eata anrt sent to Portland for cold storage m here they are kept until the association's canneries are able to handle them. Bank Clearing. Pank clesrlngs of the northwestern cities yesterday were as follows: Clearinrs. BalanrP. Portland IH.Vi.l.m $l.747.:.31 flattie 6,41 i. 7iO 2.237. 71 Ta-oma HL.fiS4 li'S.Llt Spokane S.1H4.U31 903.578 PORTLAND MAREE1 QCOTATIONS Graia Floor, Feed, Etc Merchants' Exchange, noon session: Bid- Osts Aug. Seot. No. 3 white feed 55.W Ha r ley Standard feed M.50 MILS MAKE GOOD G1S;S- ADVANCES OF 1 TO 4 POINTS RECORDED IX MARKET. Oct $53.00 $55.50 (14 no 65.00 06.00 No. X blue 4.50 Corn No. 3 yellow 74.50 73.00 75.00 Rstern oats and corn, bulk ca is 3-ib. cllpps B2.00 R2.00 B2 .V 3-lb. clipps 53.50 53.50 64. OO No. 3 yellow 75 00 7 no 7ft. AO ao. a yellow, Dec o-. w ni.m ii-rler No. 2 fft 00 1.7.t 62.00 WHEAT Government ban la. 1-.-0 per I Bushel. KIOlR New crop patents. 110.75: bak . - ".sio.nA; graham. $l.!0; pastry flour. $10.1:5; i siraignts. f iu. United States wheat director, according to I MU.LKEKD Mill run, f. o. b. milt, car- announcement made at "hit-ago by the Urmia Corporation. This ruling covers all trans act to as In wheat, wether fit for human con sumption or not. The coarse grain market was steady yes terday. Bids at the Merchants' Exchange a corn, both old and new crop, averaged AO cents higher. Sacked and 38-pound clipped oats were also advanced 0 cents. Barley offers were unchanged from Satur day. Chicago barley options were 1 tr - cents lower. At Saa Francisco December barley sold at $3.1014 against $310 Saturday. I Weather conditions In the middle west. as wired from Chicago: "Northwest, gen erally clear, fine; Chicago, clear, cool, little showery; Omaha, raining, cool; Kan sas City, threatening, 72: Sedalia. part cloudy. 72; St. Louis, clear, fine; Topeka, cloudy. S3; Hutchison, raining: Ohio valley, clear, cool; Kentucky, Tennessee, clear, fine. Forecast: Illinois, Wisconsin. Minnesota, North and South Dakota, fair, with Dot much change la temperature: Missouri, Ne braska. Iowa, unsettled In portions, with lit tle change In temperature. ' Terminal receipts in cars, were reported by the Merchants' Exchange as follows: Portland. Moo.. ." 3 17 7 10 Tear ago 41 . . . . 12 1 season to date. TV. 7 s7 ir,7 J3i "tns Year ago 144 CO 1'.'4 14 4t.l Taroma, Sat... It 2 5 Year aso 10 3 Season to date.. 4 t CH . "14 1'rt Year ago 4:iO 15 . 52 12 Seartle. Sat . 17 .'13 2 7 Year aro :t7 1 2 2 IT, Feuson to date. 31 i fi !) PI 310 Year agoT 4tW 17 271 SO 342 COAST AND KASTKRX DAIRY TRODICE Butter Market at San Franrlnra and Lead ing Kaatern Cities. Butter market conditions as wired to the Portland office of the bureau of markets yesterday : Chicago Market weak on all hut fine grades. U2-score sold at from 534 1i 54c. and the quotation Is He higher, but trade is dull and under grade in particular are dragging. Dealers' stocks showing some accumulation. Really fine cars of centralized saleable up to 52c. but demand limited and poorer cars very dull. Rather heavy movement to stor age Saturday. New York After the advance this snornlng. trading In a wholesale way became quiet. Jobbing business was reported fair. Some dealers Inclined to slightly shade prices. but most of them holding for quotations. Cood cars of centralized at 52 4 tr 53c. Re ceipts moderate. Street stocks showed an Increase and storage holdings decreased be cause of the filling of an old export order. ::n Francisco Market firm and 1c higher today. All grade in good demand. Asking prices generally ruled. 92 -score sold about A3 cents. lots, ton lots or mixed cars, $40; ton lots or over, delivered. $l.50i 2 extra: rolled barleyg $; rolled oats, $02; ground barley $; scratch feed. $s0. CORN Whole. $7; cracked. $91. HAY Buying prices, f. o. b. Portlard Alfalfa, tJit; cheat. 1R; clover. $20: 04 ts and vetch. $2U; valley timothy, $26&27. Dairy aad Country Produce. BCTTER Cubes. 92-score. 54c: 91 score. Kic; 90-score, 52c; prints, parchment wrappers, box lots. 59c; cartons. 0oc: half boxes, He more; less than half boxes, lc more; butterfat. No. 1, &vG0c per pound. CHEESE Tillamook. 1. o. b. Tillamook, triplets, 33c: Young Americas. 34c; long horns. 34c: Coos and Curry, L o, b. Myrtle Point triplets, 32Hc EGGS Oregon ranch candled, BO 52c; selects, 53c; Poultry Producers' association selects. 57r: pullet. 52c. POULTRY Hens. 262ftc; broilers, 23 27c; geese, ducks and turkeys, nominal. VEAL Fincy, 25 to 26c per pound. PORK Fancy, 27c per pound. Fruits and Vegetables. j FRCTTf Oranges. f4.5n4r4.50; lemons, J f7.25x S.."o box; bananas, Ji!4c per pound: 1 apples. l.:..''iJ per box: grapefruit, .... u ti: cantaloup. $1.25 it 3.25 oer crate: oeach- es. 3-i:&$1.2.t box: watermelons, 2-c per pound; plums. l,roj 2.2. per box; grapes, $2.25 per box; pears, 42.502.75. V K fciTA BLK6 Cahtmge, $3.50 per 100 pounds; lettuce. $2 ii 2.25 ner crate : beets- $2.75 per sack: cucumbers, lMctfi $1 a box: tomaiowj, i,c u si.10 per box; rhubarb. 6c pr pound: beans. y. lcr green corn, 35 W 4c dozen; eggplant, lu lie pound; tur nips. $2.75 per sack: carrots, $2.75 per sack. ruTATKS .Now. s.ior3 per sack. ONIONS Walla Walla. 3Vc per pound. Motors and Equipments Are Also Strong; Efforts by Shorts to Depress Prices Fall. NEW YORK. Aug. 25. Attempts, evi dently of professional origin, were made to depress prices at the outset of today's dull stock market, but these were abandoned after the Initial stage, the list closing with a number of substantial advances. Early selling, which caused leaders, es pecially speculative Issues, to decline from 1 to ? points, seemed to nave its genesis mainlv in last Saturday's unfavorable bank statement and the more adverse industrial advices over the week end. An encouraging factor was the sustained strength of sterling exchange, which aug mented its recent belated recovery, demand bills on London selling at their best quo tation since the early days of last week. Call loans opened at 6 per cent lor 00 in grades of collateral, holding at that figure throughout the session. In comparison wun last week's final rate of 8 per cent. Time money ruled at the familiar 6 per cent with smaller inquiry. Apart from rails, at extreme gains of 1 to 4 points, motors and equipments repre sented the stronger features, United States Steel closing unchanged after dropping back to par. Sales amounted to 6N5.O00 shares. Bonds were featureless, except for strength in secondary rails and flight easing or 110 erty issues. Total sales, par value, nggre- gated $11,200,000. Old United States bonds were unchanged on call. CLOSING STOCK QUOTATIONS. Last Sales. High. Low. Sale. 2O0 bb 5 BETTER FEELING IN BCTTER TRADE Teae Improve With Advance la Saa Fran rir Price. There was a better feeling In the cube sutrer market, following the San Kranctsco advance, but prices were unchanged. There was a fair trade in 92-score at 54 cents. A few of tbe dealers asked 54 S cents and 55 cents. The demand for undergrades was poor. Prints were unchanged. Storage stocks Increased 35.773 pounds and street stocks showed little change. Receipts were Pounds. California 4.(Hm Oregon 3.304 Washington 3.35U Hops, Mohair, Etc. HOPS 1010 contracts, 521j53c; spot hops, nominal. WOOL Territory staple, 48 58c. accord ing to shrinkage; clothing or French comb ing, 4554c: half-blood combing and cloth ing. 45 Hoc: three-eighths clothing and cnmhlng. 45A.c; quarter-blood clothing and combing, 4utf57c; common and braid, 38 F .uc. MOHAIR 1018 clip. 45c per pound. TALLOW No. 1. 13c per pound; No. 12c per pound; grease, 8 10c per pound. CASCARA BARK New, lie per pound. GRAIN BAGS In carlots. 19c. Staple Groceries. Local lobbing quotations: SUGAR Sack basis. Fruit or berry. $9.65 beet. $u.55; Honolulu csne. t !J; golden C, 15; powdered, in barrels, $10.25; cubes. In barrel. II0.4O. NUTS Walnuts. 26fi3c: Brazil nuts. 35c filberts. Sue; almonds, 24r3vc; peanuts, 16 n .c. SALT Half ground, ion $17 r ton 60s, $i.?5 per ton; dairy. (26.50&23 per ton. H U K uiue Kuse, 14 ttc per pound. BKANS Pinks. 7 c ; llmas. lo tc per pounu: uayous. ic; Mexican rea. ic. COFFEE Rontt;d. in drums; 39 fg? 50c Oils. LINSEED OIL Raw, barrels. $2.46: raw, boiled. Am Beet Sugar. American Con.. 4.2H M Am C ec F 3.1" lv. Am HAL pfd. 3.20 Am Locomotive, S.nuo ivV-j Am Sm A Ref.. l,5M 75 Am sugar Kef.. &00 li'S Am Sum Tob.. 7.100 S2 Am T & T..... 1.70 Am Zinc, L &. S 200 Ana Copper ... 3.000 Atchison H.loo At J A W I S 8 1.5O0 150 Baldwin Loco .. 12.!M0 103 3 Halt & Ohio.... l'.!MMl 41 liftn steel "5 . t ,tni Butte A Sup.... 2,loo Cal Petroleum... 1,3im Can Pacific .... l,5K entral Leather 10,4o0 49 123 27 i 83 75 127 78 51 125 H 30 65 7514 127 81 102 14 101 102 21 67 3.100 3."0 1.1 o0 3.00 80O 40 2S4 45 4 157 OH ps4 43 05 65 88 148 101 40 14 824 26 44 23 4 74 91 140 103 41 84 26 45 44 7.7O0 70 13, () 130 60O 5.4HO 1,600 8.000 2.0O0 OoO 2O0 l.KoO 31 1 ( 1 33 88 42 04 boiled, barrels, $2.48; Total 10.65 Cheese receipts were 2173 pounds from Oregon and 1250 from Washington. TRADE IN PEACHES IS VERY HEAVY Straight Car of Craw fords Arrives from A bland. Peach receipts were heavy yesterday and there was a big demand. Prices bad wide range of from 33 cents for small un wrapped stock to $1.25 for the best free- scones. A straight car of Craw fords ar- r.ved from Ashland and a few shipments of Klbertas came In from east of the jnoun tains. Cantaloupes and melons sold well at gen' rally steady prices. Another car of Yakima cantaloupes was started for Portland Satur day. British Cora Price Is Advanced. Of the corn situation In Great Britain, t room ha It cables: The official price of corn In the United Kingdom has been advanced 5s per 4S0 pounds Supplies are down to negligible proportions and the demand continues genu It may be that the increased price win permit bringing In larger quantities on Platte. Shipments from Argentina can be regarded quite favorably, for of late the out . ward movement has been exceeding 2.000,000 bushels per week. Reports state that rail way traffic Is bad and that the interior movement is suffering in consequence. Eu ropean crop prospects are reported to be much better and It may be tha.t these con sumers wtll endeavor to limit purchases In America as muth as possible. Oats trade In foreign stuff Is not very active and the demand appears to be held in check for the time being." !mall IVmand for Fggs. The local demand for eggs continues slack Bayers quoted 47tt4c csvh. rots and crackt out. Jobbing prices were not changed. Street stocks wrre lighter st 17 cases. There was little change In the storage movement. Rece. pts were 178 cast s from Oregon, 1 4 from Idaho and II from Washington, a total of 203 canes. Sievcntrea Cars of Bart let ts Miipped. Oregon pear shipments Saturday were 17 cars to the following destlnstiona: Chicago, six: New York, three; Omaha. Mayfield and San Francisco, two each; Payette and Camp bell, one each. Eastern jn.et reports received by wire: At Kanaas l-ity. Oregon Bartleits. $363-25; at Omaha. Oregon Bar tie tt. $3 1 3 25, mostly 4U $3 25. Oraats Pa Hops Good. Hop picking In the Grants Pass setion will begin In about two weeks and the crop Is being reported generally better than usual. On the rtver-bank farms the quality Is better than in former years while the tonnage Is as much or more than In years past, although a small portion of the field w as grubbed up last winter. The river banks crop will require about three weeks to harvest. Heps at New York. NBW TOR K. Aug. 23 Hops, firm: Stata. crop of lM-i, &nri5c. crop of 1017, 3l4tc; Pacific coast. 1018. 57963c; 1017, 33 43c. B Use k berries Shipped la Barrels. Hl'GSNB. Or. Aug. 23. f Special A Car Vad a day of evergreen blackberries Is be ing shipped out of Eugene by J. W. Shu xuate. local buj er for tns i'uyailun 4x Sam- cases, $2.56 ca.e, $2 .5H. TURPENTINE: Tanks, fl.M; cases. $2.01. liASUU.t. iron oarreis. -3fec; tan wagon. 23 c; cases. 34c; engine distillate. iron oarreis. 10c, unx wagou, J. toe; caaes. Jti C. COAL OIL Iron barrels. 13 810c; tank a afion, 13 c; cafles. 24Jlc Provisions. Local lobbing Quotations: HAMS All sixes, choice. 43t44c; stand ard. 41tr 43c; skinned. 34 a 37c; picnic. J7 4c: cotitge roll. 33c. LARD Tierce basis. 34c; compound. 29 per tiound. OKI salt snort, clear backs. 30c it 35c piates. .iu.c; exports, .tic. uaco.n bancy, ,riyoic: standard. 450 40c; choice, a a 41 c. SAN FR.lNCISi.-0 PRODUCE MARKET Prices Cnrrent on Eggs, Vegetables, Fresh Fruits. Etc., at Bay City. PAN FRANCISCO. Aug. 25. Butter. 58c Kkk Extras, 0c; firsts, 54c; pullets, 54c. I hefse rirsts, .t ic: young Americas. 3sc. I'oultry Hens. 2H t 34c according sixe and graue: young roosters, a:ij 34c; old. 22 a broilers. 32 n 34c according to sixe and grade; fryers, ol i 3r,c: according to size and grade: pigeom, $2.u0iu3 dozen; squabs, 4oV .oc pound. Vegetables Eggplant. 60 75c lug box peppers, bell, 75c $1 box: chile, 75&hOc oox; summer squasn, auti .c lug Oox maioeii, t575c lug box; potatoes. Garnet, $2 25 dt 2.50 cental ; sweet. 5i 5 c pound : onions. :.j'pl,t.i rental: green. 1 "j 1 box; cucumbers, 50&75c lug box: green corn. 9 1 2. .t sack, according to grade: okra 75ifS5c box; garlic. 2c pound; beans, strong Jtr4c. wax .ij4c; Jimas. '1 tc Fruit Oranges. $4".f5.5i box: lemon! $5.506.50: grape fruit. $15: bananas. 7 it.HHc pound; pineapples, X2fi4.50 dozen pears. Bartiett, $2.50'.i3.50 box. according to ie; appus. si...ii 2 box: plums. $ltl.2 crate; peaches, M 'a 1.25 small box: honeydew melons. .cyl crate; cantaloupes, stan dards. $1.50; pony. $1 n 1.25: figs. SI i 1.25 singie layers; raspherrles, finals chest; strawberries. $10 5iKtf 12: blackberries, $8 itV. grapes. Malaga, si.z.t crate: Fontain bieau. 65i75c small hox and 50 75c crate. Receipts t lour, .j.tj quarter sacks; bar ley. 15.250 centals: beans, oo sacks; pota toes. s.i.i. sacks: onions. ib0 sacks: hay. 80J tons; hides, 533. Eastern Dairy- Produce. CHICAOO. Aug. 25. Butter, lower. Cream ery. 47 it 53 c. Krcs. hisher. Tlecelpts, in.n2 cases: firsts. 41 U 42c: ordinary firsts. 36 a :;sc; at mark, cases Included, 383 41c; storage pack, firsts, 42 9 43c. NEW YORK. Aug. 25. Butter. Irregular; receipts 95S1 : creamery, higher than extras. Hfi5lc: creamery extras, 06c; firsts, .2 a55& Eggs stesdy: fresh gathered extras. 54 55c: extra firsts, .in..ic; rtrsts, 4.ft.oc. Cheese steady: state, whole milk flats. current m.ike specials, 30 it 31c; average run, 20r30c. NavaJ Store- SAVANNAH. Ca.. Aur. 25 Turpentine feal v. $1 -6S : sales. 207 barrels: receipts. 35 barrels: shipments. 242 barrels; stock, S.514 barrels. Rosin firm: sales, 126 barrels: receipts. 1241 barrels; shipments. 021 barre!s; stock. 1W5 barrels. Quote: B. $16.2.: D. $17.25; K 7..-0: F. $17.73: O. $14; H. $135: I. 10 rt5: K. $20.35 snsm m. $21; N. $22; WG, $22.0022.73; WW. 23S23 25. Seattle Feed and liar. SEATTLE. Aug. 25. City delivery: Feed. HI. $45 per ton: scratch feed. $S2: feed heat $2; a 11-grain chops. $74: oats. $rt6: proutfng oats, $73: rolled oats, $6; whole corn. 2; cracked ren, $m; rolled barley. 74: clipped barlev. g,w Hav ErtStern Washington timothy, mixed. 37; double compressed, $40; alfalfa, $51 32. Metal Market. NEW TORK. Aug. 25. Copper, firm: elec trolytic, spot and August, 23c: Septem ber. 234y24c; October and November. 24c. Iron, steady; No. 1 northern, 130 : o. 2 northern. $20: No. 2 southern, $28 50. Lead, steady: spot. 5.70r5.90c; September, ao tt "Oc. Spelter, easy; East St. Louis delivery. pot, 7.3037.55c; September, 7.37 4T.52 c. Dried Fruit at New Tork. NSW YORK, Aug 23. Evaporated apples. ull; western. 2 J 23c; state, 21 f? 23c. Prunes, firm; Californiaa. 10 b 20c: Ore- on a. 14933c. Peaches, quiet; standard, 23c ; choice. 4c; fancy. Sue. Cotton Market. NEW TORK. Aur. 23. Spot cotton. Quiet: middiinr. 32.15c. Duloth Linseed Market. PULCTH. Aug. 25. LI ass a, Ches A Ohio C M A St P.... Chi A N W Chi R L A Pac. Chlno Copper .. Cot F A I Com Products. . Crucible Steel . . Cuba Can Sugar U S Food Prod. Erie Oen Motors .... Gt Nor ptd Gt Nor Ore ctfs. Illinois Central.. Inspir Copper .. IntMerMarpfd 7,100 117 inter rsicnei . . Inter Paper ... Kan City So. . . Ken Copper . . , 11 ex lean Pet .. Mid vale Steel., Mo Pacific Mont Power .. Nev Copper . . . N Y Central... N T N HAH. Nor & West. . . , Nor Pacific . . . I'acific Mall .. Pan-Am Pet . . Pennsylvania . . Pitts A W Va. Pittsburg Coal Ray Con Cop. .. Reading 15,!00 Hep iron A Steel 300 Shat Ariz -Cop. . 300 Sin Oil A Ref.. R6.400 So Pacific .. So Railway . Stude Corp . Texas Co Tob Products .-. Union Pacific . . United Ci Stores U S Ind Alcohol 10,800 124 U S Steel 61,300 101 U S Steel pfd.. 200 115 Utah Copper ... 2.7M 83 West Union .... 200 87 Wetlngh Elec. 2.1O0 62 Willys-Overland. 3.0o0 32 Ro Dch N Y.... 10.600 00 Ohio Cities Gas. 11,800 53 135 157 00 04 3.1O0 2ft l.tioO 55 3O0 10 1.3O0 30 7,400 174 , 3,000 40 , 1.4O0 28 1O0 72 3.10O 18 2,6M 74 0.1OO 34 1.100 101 2,200 $f 200 3i 20,7oo 110 1.2IW 43 35 63 23 80 85 4 15 fi0 08 20 20,000 105 240 3.R00 03 3, 6O0 125 OU 2M) 2.0O0 1,100 10,OlO 31, 600 5.500 56 41 03 24 42 44 74 137 31 73 15 228 86 41 02 58 113 25i 54 18 30 170 48 26 72 18 00 87 38 108 43 32 61 23 77 85 15 56 95 24 102 216 01 124 107 120 100 58 43 05 25 43 44 70 138 31 7 1 87 42 04 50 lid 26 65 10 38 17 40 72 18 73 33 101 to 30 100 43 34 4 63 23 80 85 K 15 58 25 103 03 12ft 107 123 -u 1 50 per bushel. Certain sections idual farmers have suffered se ttle rule of average will not help Individual sufferers, but the case should not be overstated. To date 20 per cent of the farm surplus of this year's crop of wheat, or 200.000,000 bushels, has already been marketed at $2.17 to $2.20, farm price average, or 12 to 15 cents per bushel above the average price 1 under the stabilised fair price of the past two years. Including all discounts because of damaged quality this year.- Keep In mind that no authority exists for controlling the maximum price of wheat, except the natural pressure of the crop, and that pressure, as yet, has not prevented this showing of farm prices above the guarantee basis. . Much of the committee's reminder is timely in reference to the increased costs of farm production and the necessity of proper continued stimulation of product. In my reply to Senator Gronna I have frankly and cheerfully admitted that to the extent of every natural and proper influ ence (feeling that the guarantee price is the continuation of the fair price expression of the presidents commission), I would try to maintain wheat at the guarantee level, and no higher. I believe I am right In stating that the majority of producers want their promised, price, and no more, realizing that the present period of unrest and dissatisfac tion is no time to take full advantage of whatever the world situation may offer them in excess wheat prices. I also felt constrained to mildly protest to Senator Gronna that statements originat ing In our highest deliberative body should not contain such words as "manipulation" and "defrauded," reflecting not only on gov ernment agencies sincerely trying to dis charge their responsibilities soberly and soundly, but also on the members of a great inaustry, in contact with whom we have found the vast majority good citizens, sound ly competent In business conduct and de sirous of being fair In their business rela tions. During the past ten days a most hopeful evidence of progress In reconstructing inter national commerce and finance has reached this office. European Importing countries wish to contract now their requirements of wheat and wheat flour at our guarantee price level, now tbe cheapest source of sun- ply open to them. These proposals are not being accepted, because with their new crops Just secured, there Is no immediate, urgent need, and the president has advised a policy of restriction of exports and the creation of domestic reserves, in our own protection, for a time at least. The significant phase, however, of these proposals is that In all cases except one we are assured they are prepared to pay in real money and In Amer ica, and without the extension of our na tional credits. In the ' case of some their assurance Is based evidently on confident expectations of commercial loans in this country, but the next step will be the de velopment of similar ability to make Inter national payments by private enterprise, and thus approach the day when- government agencies can be withdrawn from their pres ent position in international commerce. where they belong only as war emergency agencies. CDRH MARKET UNSETTLED PRICES CLOSE STRONG AND HIGHER AFTER FLUCTUATIONS. Commission House Bnying Rallies Grain After Lower Start. Oats In Demand. CHICAGO, Aug. 25. The corn market was unsettled todsy. Prices at the start were lower, fallowed by a bulge which Rave way mnd.ntA nelline. OtllV tO Tally again with a stronger undertone which held prices fairly strong until the close of the ses sion, though nuctuations were throughout the day. Commission house buy ing was the principal support of the rallies. Corn closed strong at nearly the top figures of the day. prices being m24 cents net with Ki.tember at S 1.80 4 S 1.80 and December at J1.43V4 1.43. Oats closed a shade down to c higher net. and provisions finished 3c lower to 25c higher net. There was a fairly active domestic de mand for oats. Prices moved in sympathy with corn. Receipts were less large than hail been expected. Closing prices were near the top. Provision prices averaged lower with grains through most of the session and the advance at .the finish was moderate. Leading futures ranged as follows: CORN. Open. High. ...1.7S 1.S0 ... 1.401i 1.4:1 OATS. ... .71H . .7214 ... .74-4 .75 MESS PORK. ...43.45 44.00 43.00 I.ARD.. . . 20 00 29.40 29.00 ...28.90 29.22 28.90 SHORT RIBS. . ..24.20 24.75 24.20 Sept. Dec Sept. Dec Sept. Sept Oct. Low. 1.77Vi 1.40 .71H .73 i dose. $1.84 1.43 .71 .74 44.00 29.35 29.17 24.75 ll.l'-i 115, 82 8fl4 52 4 82 ' 86 5, 61 i, 83 87 52 S 32 891, 62), BONDS. V 8 Lib 3V4S Oft.OO'Am TtTcr 8s. 101 do l(t 4s ... .94.20 Atch gen 4s . 7H do 2d 4s 92.7" l R o ref 5s.. 5S aw . s. .1 i aeo os... n do 2d 4"4s 02.UK, M p 4k 78,4 do 4th 4 . s. . .9.1.14' Pac TAT Sh .will mwrj ii . . . n:.ot , -a con B....rVa do 4s mini's p cv 5s mm U S ref 2s reg. .99,,So Ry 5s 89 do couDon ...99U I" P 4. mu. V S cv 3s reg. . I! S Steel 5a lOOVi do COUDOn . . . K9 IAnKln-Fr fi. . DT 1.IA KJ o is reg. . . . - nm '4 1 ao coupon .."lUoVtl "ld. Mining Storks at Boston. BOSTON', Aug. 25. Closing quotations: Alloues 43 01d Iom 4t Calu & Ariz 74!Osceola fil Calu A Hecla 420 jljuincy 68 Centennial Cop Range e.ast Kulte Franklin ... Inle Rosalie Lake Cop . . Mohawk North Butte 10 Superior m pun ec noston... lKHiShannon 3 4itiL'th Con fi 34 I A'lnona 2 5 : Wolverine 25 71 U:ranby Con .... 7 15 Oreene Can . 41 Money, Exchange, Etc. NEW TORK. Aug. 25. Mercantile nr 5 5 S per cent. Sterling, demand. $4.20; cables. $4.21. Francs, demand, 8.08; cables. 8.0($. Guilders. demand, 3lj; cables, 30 . Lire, demand, ; cables, 8.50. Marks, demand ; cables. 4;s. Time loans, firm; 60 days, 90 days and six months. 6 per cent bid. Call money, easy; high, low and ruling rate, a per cent; closing bid. & ; offered at o; inst loan. : Dank acceptances, 6, Jr silver. 11. 13'. Mexican dollars, 8ATc. LONDON, Aug. 25. Bar silver, 60id per ounce. Money, 3H per cent. Discount rates, short Dills. 3 7-lfli34 per cent. Three-month Dills, 3 -Hft7;3N per cent. m BASIC PRICE EXCEEDED WHEAT DIRECTOR REPLIES TO SENATOR GRONNA. Severe Break in Coffee Futures. NEW TORK, Aug. 25. There was a very severe decline in the market for coffee fu tures here today, owing to a sharp break in the Santos market leading to apprehension of Increased offerings from Brazil. The opening was 50 to 50 points lower and active months sold 75 to 80 points below Friday's closing figures during the middle of the morning. Rallies of 15 to 20 points followed on covering promoted by a slight rally in Santos, but offerings increased later with December and all later months break ing below the 19-cent level. December sold at IS. 90c and March at 18.85c. The close was a shade up from the lowest on some positions but showed a net loss of 65 to 103 points. September, 10.33c; October, 19.23c; December. 19.03c: January, 19.00c; March, 18.c; May, 18.95c: July. 18.90c. Spot coffee, dull and nominal; Rio 7s, 20'Ag20c; Santos 4s, 29 H c. Sept. Corn No. 2 mixed, $1.941.94; No. S yellow, fl.94?l.H. . ,. Oats No. 2 white. 7276c; No. 3 white. 71 G 1 4c. . Rye No. 2. $1.54 1.5a. Barley $1.201.43. Timothy $9 10. Clover Nominal. Pork Nominal. Lard $29.35. Ribs $24.502r..50. C.rain at San Francisco. SAN FRANCISCO. Aug. 25. Wheat. $2.20. Oats, red feed. $2.85&2.95. Corn. California yellow, .I MW3.70. Barley, feed $.1 3. 0., Hay Wheat or wheat and oats. $1.(&18, tame oats. $151S: barley. $1216; alfalfa, $17i&2; barley straw. 50SS0c bale. Flour $11.90 f. o. b. warehouse. w York Sugar Market. NEW TORK, Aug. 25. Raw sugar, steady ; centrifugal. 7.28c; refined, steady; cut loaf. S; XXX powdered. 9.20c! stand ard powdered. 9.15c; fine granulated and diamond A, 9.00c; confectioners' A. 8.90c, No. 1 soft sugar. 8.85c. Bend Fire Department Praised. BEND, Or., Aug. 25. (Special.) That Bend has the best-equipped and best-drilled fire department of any . ir, the state was the dec- Jargon Vo7.y of G-rpW. Stoke, deputy fire marsnai, '' h.. heen makine a survey of the de nartment and fire risks here. Seven Safe Securities The following corporation issues are well secured and offer liberal interest and dividend yield: Issue. Maturity. Price. to yield Canadian Northern Railway 6s 1922-1924 6.00 (Dominion of Canada guarantees both principal and interest of the bonds which secure this note issue.) Fisher Body Corporation 6s. . .1921-1925' 6.50-6.75 (Largest manufacturer of automobile bodies in the world.) New York, Chicago & St. Louis Railway 6s 1931 6.75 (Shortest road between Buffalo and Chicago; statement of earnings highly satisfactory.) Nordyke & Marmon Co. 6s ... . 1928 6.75 (One of the largest manufacturers of flour and cereal milling machin ery in world; makers of Marmon motor cars.) Pacific Power & Light Co. 5s . . 1930 6.25 (Serves 65 Pacific northwest cities, towns and communities supported by enormous agricultural wealth; in prosperous condition.) Quaker Oats Co. 6 Pfd. Stock 6.06 (Largest manufacturer in world of cereal foods and similar products.) Exception Taken to Statements Made by Chairman of Senate Agri cultural Committee. Jul inn H. Barnes, United States wheat iiyctor, has Issued the following statement: My letter of a week ago accented the fact that our flour consumption for the pact year had dropped 25 per cent below the normal and that the. food hill of America could be reduced $1,000,000,000 by substitu tion of flour, up to the pre-war normal, dis placing more expensive foods thereby. So mple a remedy may be overlooked, among medies more spectacular. Since then there has appeared a state ment by the senate agricultural committee phrased to enlist the sympathy of the Amer ican public by statements of the poor qual ity of much of the crop and of the discounts ling ror iuch damaged qualities that, as er stated, "this year's crops may averaee -NO. 457 Schools for Road Builders Schools In many states inc lude a course of study for pro 8-p e c t i v e road builders. As a practi cal i 1 1 u s t r ation of road c o n s t r uction. stude nts should be shown a road, street or highway paved with BITULITHIC WARREN MOTHERS CO. Reynolds Tobacco Company 6s ' 1922 6.00 (Makers of Camel cigarettes and Prince Albert smoking tobacco, the world's largest selling single brands.) Detailed Circulars Are Available Lumbermens Trust Company Bonds, Trusts, Acceptances. Lumbermens Building. Fifth and Stark. Six Hundred Thousand Dollars in Capital and Surplus. UNITED STATES SPRUCE PRODUCTION CORPORATION SALE OF LOGGING RAILROAD Tapping extensive timber areas North Neman district of Pacific County, Wash. Every facility for detailed inspection will be offered. Detailed description, cruise a, profiles, maps, timber ownership data etc., are available at the office of this Corporation, Yeon Bldg Portland, Ore. DESCRIPTION OF BAILROAD The North Neman Railroad (S. P. R. R. No. 6) was constructed and operated by the United States Spruce Production Corporation In 1918 along North Neman River, Pacific County, Wash. Tidewater terminal at mouth of North Neman on Willapa Bay located favorably for storage and towing logs to Willapa Mills. Main Line graded 9.13 miles, with 7.73 miles track laid, right of way owned 100 feet wide throughout, 1.16 miles siding and .22 miles spurs. Standard gauge, 45 lb. rail, gravel ballasted, light grades against empties, 16 degree maximum curvature. Terminal facilities include 1500 feet of water frontage, docks, log dump, buildings and 28.35 acre site. Telephone lines working full length of railroad. Railroad now in operation under lease guaranteeing to owner minimum income of at least $8,400.00 per year with probability of substantially larger return, de pending upon amount of traffic and logs hauled. Lease further provides reason able charges for moving logs, equipment and supplies, by lessee or any third party. More thaa S0O million feet of timber tributary to line and its reasonable a a rj.w. , . extensions, nearly one-ca if Douglas Jt ir and balance nemiocK, spruce ana cedar. TERMS GOVERNING ACCEPTANCE OF BIDS All bids presented shall be sealed and will be re ceived up to 12 o'clock noon Monday, Sept. 16, 1919, by the undersigned at its office in Yeon Bldg Portland. All bids will be publicly opened at 2 o'clock, Sep tember 16, 1919. Detail bid forms and terms of sale on application. Ne oie will be considered unless accompanied by Certified eheck in tbe amount of $10,000.00 made pay able to the United States Spruce Production Corpora tion, to be retained as liquidated damages on failure of bidder So complete purchase on award, to be re turned in event of rejection. The U. S. Spruce Production Corporation reserves the right to nject any and ail bids. tified, to ENGINEERING DEPARTMENT United States Spruce Produdion Corporation Teen Building, Portland, Oregon Exempt From All Federal Income Taxes $25,OOQ Bend Oregon Bonds 6 FUNDING GOLD COUPON NOTES Dated: September 1, 1019. Duet September 1, 19SO. This issue of bonds of the City of Bend, Oregon, Is for the purpose of retiring: a like amount of outstanding; warrants and is a direct tax general obligation of the entire city. Bend is the seat of Deschutes County, one of the most , promising and aggressive sections in Oregon. Price to Net: 5 1-2 LIBERTY and VICTORY BONDS If you must sell your Liberty or Victory bonds, sell to us. IT you can buy more Liberty or Victory bonds, buy trom us. On Monday, August 25, the closing market prices were as given below. They. are tbe governing prices tor Liberty and Victory bonds all over the world, and the highest. We advertise these prices dally In order that you may always know the New York market and the exact value ot your Lib erty and Victory bonds. 1st 2d 1st 2d 3d 4th Victory Victory Shis 4s' 4s 4 is 4,s 4 Us 4 '4 s is 4s Market Price... $ 9D.H0 J94.20 $92.76 $94.22 I2.14 $i)4.8 $1)3.14 $ SW.S4 $ 1)0.55 Accrued Int tt .79 1.12 .!4 l.la 1.90 1.55 1.00 1.2T Total $100.59 $!)4.9 $93.S8 $95.06 $ 94.13 $96.76 $94.69 $100.54 $100.82 'When buying we deduct 37c on a $50 bond and $2.50 on a $1000 bond. We sell at the New York market plus the accrued interest. and Fireproof Safe Deposit Boxes for RentMHMMnaMB MORRIS BROTHERS, Inc. THE PREMIKR MCXIC1PAL BOND HOUSE. Morris Bids., 309-3 It Stark St., Bet. Bill and 6th. Telephone Broadway 151. Established Over 5 Years. Private Wire Service to New York "UR private bond wire from Portland to New York brings Oregon investors in instant touch with eastern markets. This is only one feature of National City service. Let us help you with your investment problems. Our latest list of of ferings will be sent to you upon request for OE-09. The National City Company Correspondent Offices in 51 Cities Portland Railway Exchange Bldg. Telephone 6095 Main. VlijiTJOHAL CITV S5HT0 g SUILOIHS Bonds Short Term Notes Acceptances We advise the purchase and are making a Specialty qf U. S. Government Bonds and are prepared, at any time, to buy or sell large or small lots We have prepared a circular on investment securities which we shall be glad to send you on request Kid d e i. Pe ah o Ay & Co. ij Devon sliiare St. Boston xn-WaXt Street MewYork 6 I MUNICIPAL BONDS FEDERAL TAX EXEMPT. E ROBERTSON & EWING 1 GOVERNMENT CORPORATION MUNICIPAL I BONDS I 207-8 NORTHWESTERN BANK BLDG. PORTLAND, OREGON United States War Finance Corporation 5 Gold Bonds at Par E L Devereaux R(5mpany 87 Sixth Street Broadway 1042 Ground Floor Wells-Fargo Building HEADQUARTERS for. LIBERTY BONDS We BUT and SELL any amount. New York quo tations by wire every morning, Interest included: 3... Flriit 4... Second 4s. i. Flrt 4y,n... Second 44S... Third 4',4a... Fourth 4Vtm... Victory 4a... . .$100.60 . IIVIH . l:t . . 9S.07 14.1 4 . OB.77 . . 94.TO .. 100.82 If necessary to sell your Bonds, brinpr tbem to us. Wi pay highest local prices. ROBERTSON & EWING 207-8 N. V. Rank Building:, GOVERNMENT, CORPORATION AND A1LMCXPAL BOA US. HALL & COMPANY BUT AND SELL, Railroad Public Utility Industrial Municipal BONDS YIELDING 5 to 7 Foreign Government Loans Local Securities Preferred Stocks Lewis Bldg., Portland, Or.