TIIE 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.