- ' s ' -".-' '
IT
THE MOKXIXG OREGONIAX, TUESDAY, DECEMBER 30. 1919.
APPLE SALES LIGHT
I India- 5,4ei.OOo(
Total
318.95S.U00 223.975.000
AT SKIPPING POINTS
Business Is Too Small to Es
tablish Values.
JOBBING MARKETS STEADY
Oregon Jonathans and Wtnoaapn
Quoted at $4 at I -i tjhmjI .
Barreled Stock Holds.
Ylflible Wheat Supply Decreaaefl.
The American visible wheat supply com
pares as follows:
Bushels.
Dec. 2. 1H19 77.708,000
Dec. 30. 1918 117.225,000
Dec. 31. 1917 18.9:;4.000
Jan. 2. 101ft 59.534.000
Jan. 3, 1915 67,321.000
Decrease.
4, .(. OOO
3.422.000
SK4.01H)
2. 506.0O0
5,483.000
Increase.
The corn visible Is 1,595.000 bushels, a
decrease of 579,000 bushels. The oats visi
ble la 13.478,000 bushels, a decrease
of 826,000 bushels. The rye visible
decreased 222.000 bushels and the barley
visible increased 104.000 bushels.
Bunk 1 carina.
Bank clearings of the northwestern
cities yesterday were as follows:
Clearings. Balances.
Po rt is n 6 $5. iWirt. 676 $ 1 . 7 2i, s .'.2
Seattle 6,545.000 1,786,011
Tacoma : . . 610,289 33.443
.Spokane 2.354,594 847,831
m In the local apple market there is a
moderate call for medium priced fruit,
but the demand for h igh grade apple
continues limited. Prices are holding
steady. Rome Beautye are quoted at $3
for fancy and 93.25 for extra fancy. New
towns are held at 12. 25 3, according to
grade: pltxenbergs at $2,501? cook
ing Ortlej-s at $1.50 and other common
grades at 91.25 t. 70.
Shipments of Oregon apples reported
at the close of the week were 29 boxes.
At the New York auction, 750 boxes of
Oregon Spl tsen bergs wer sold at $1 .90(3
2.10, an average of 91.95, the grades not
separated.
There Is but little business passing in
the shipping sections, sales being too few
to establish prices. Northwestern extra
fancy Wlnesaps went at $2,201 2. 6.". at
auction at New Tork, and extra fancy
Jonathans brought $2.75 3.25 in east
ern jobbing markets. Shipments of boxed
apples in th past week wf re 323 cars,
"Washington leading with 171 cars.
The barreled apple markets were also
quiet and fairly steady. Eastern Bald
wins. A21. ranged '$7&7.50 per bar
rel for best lots In pastern markets
and 8&9 in middle western cities. Con
siderable stock of Inferior color ranged
95.505 6.50 and some partly frozen as
low as 95. New York Greenings, A grade
2l-lnch, continued steady at 9849.50
jobbing range for best stock, and middle
western Ben Davis were also steady at
$7?7.50 in the middle west. Southeastern
York Imperials weakened slightly, rang
ing $7.258.50 for A 2 W -inch. Middle
western Jonathans were firm at $910
in Chicago. Shipments of barreled apples
for the week were 282 cars.
Northwestern storages on December 1
held 1.527,306 boxes.
I Aver pool advices of December 12
quoted extra fancy Oregon Jonathans and
Wlnesaps at 94 per box. Washington
Jonathans were quoted at the same price
at Glasgow.
The Nova Scotia apple crop is estimated
at 1,500.000 barrels against 825.000 last
yesr and 700.000 barrels two years ago.
PORTLAND MARKET QUOTATIONS
Grain, Flour, Feed. Etc.
Merchants Exchange, non session:
STOCKS HAVE SETBACK
-
FLURRY IX CALL AND TIMK
MOSEY IW.SETTLES MARKET.
Oats
Xo. 3 white 1
Barley
Standard feed
Xo. 3 blue . . . .
Ka.tern oat
I Oats
38-lb. clipped .
US-lb. clipped .
Corn
Xo. 3 yellow . .
Barley
No. 2
Bid
rec. Jan. Feb.
. -(KJ. 50 $04.00 $64.25
. . 7.1.O0 73.00 73.50
. . 73.50 73.50 73.50
corn in bulk:
. . 60.50 G1.00 61.50
. . BO. 75 61.00 61.50
. . 57.50 57. OO 57.50
. . 71.00 71.50 72.00
per
v ticAi uovernment basis. $2 0
bushel. "
FI-OLR -Patents, bakers' hard
wheat $12.11..; whole wheat. $11.25; gra
ham, $11; valley. $11; straights, $10.70 per
barrel. -
MILLFBBD Prices f. o. b. mill, city
cartage $2 extra. Hill run, car lota or
mined cars. $46 ton; rolled barley, $77;
rolled oats. $65.50: ground barley, $77;
scratch feed. $80.
CORN Whole. $74: cracked. $76.
HAY Buying prices, f. o. b. Portland:
Alfalfa. $31.50: chtat. $20; clover, $25; oat,
and vetch. $25; valley timothy, $26928.
Dairy and Country Produce.
BUTTER Cubes, extra. 60c per lb.,
prime first, 65c; prints, parchment wrap
pers, box lots, 70c; cartons, 71c; half
boxes, tc more; less than half boxes, lc
more; butterfat, Xo. 1, 71 & 72c per pound
CHEESE Tillamook, f. jo. b. Tillamook;
Triplets. 32c; Young Americas, 33c; long
horns, 33c. Coos and Curry, f. o. b. Myr
tle Point: Triplets, 31c; Young Americas.
32Vc
EGGS Jobbing prices to retailers: Ore
gon ranch, candled, 5Sfo00c: selects. 65c.
POULTRY Hens. 28 0 33c: springs.
28c; ducks. 35040c; geese, 20ig25c; tur
keys, live, 35c; dressed, choice, 45(&47c.
V xAL Fancy, 25c per pound.
' PORK Fancy, 20c per pound.
Many Recent Gains Are Wiped Out.
Further Advances In Interest and
Discount Rates Predicted.
NEW YORK, Dec. 29. With call money
jumping from 12 to 25 per cent and back
to 15 per cent and S to per cent bid
for short time loans, the stock market to
day experienced another general setback
In which many recent gains were wholly
extinguished.
The stlffer money tendencies occasioned
little surprise despite last Saturday's fav
orable bank statement. It was as generally
anticipated that local and interior banks
would find It necessary to strengthen their
reserves to meet January interest and divi
dend payments.
In conservative financial circles it was
freely predicted that the early weeks of
the new year would witness further ad
vances in Interest and discount rates with
attendant stiffening of quotations for com
mercial paper.
Other developments which gave momen
tum to the day's extreme declines of two
to six points included the publication of
numerous unfavorable statements of rail
roads for November and further unstable
conditions in foreign exchange. Incident
ally the Bank or England's weekly state
ment revealed a heavy decrease in liabil
ity reserves and the American dollar went
to a higher premium in Paris.
Metal shares were relatively strong with
a few specialties, notably American Wool
en, the entire list rallying Irregularly In
the final dealings when shorts covered hur
riedly in United States Steel and a raw
other leaders. Sales amounted to 1,225,000
shares.
Bonds were hesitant on the changes
shown by speculative rails, liberty and
International Issues also Inclining slightly
downward. Total sales, par value. $33.
250.000. Old United States bonds un
changed on call.
CLOSING STOCK QUOTATIONS.
(closing
Al l. FEED GRAIN BIDS ARE HIGHER
Local .Markel Advances 25 Cents to si
With Eastern Strength.
The local grain market responded to ad
vances In other markets and bids were
higher all around at the Merchants Ex
change. One hundred tons of 38-pound
December clipped oats were sold at $61,
or 50 cents over Saturday's bid. Sacked
oats were up 25.050 cents add December
and January corn were 50 cents higher.
Bsrley bids ranged from 50 cents to $1
ver Saturday. At San Francisco May
barley sold at $3.71 fci as against $3.67 at
the close of last week, but Chicago barley
options closed 1 0 8 cents lower at $1.5
for December and $1.40li for May.
Weather conditions In the middle west,
al. wired from Chicago: "Northwest cloudy,
28 to 48. Canadian northwest cloudy, 24
to 34. West generally cloudy. 24 to SO;
southwest clear. 28 to 38; Ohio valley
cloudy. 14 to 20."
Terminal receipts, in cars, were reported
by the Merchants' Exchange as follows:
Wheat Barley Flour Oats Hay
Portland. Mon 24 34 1 8
Fruits and Vegetables.
FRUITS Oranges. $4.256: lemons,
$5. 50 'if 6.50 per box; grape fruit, $4.50't 11.25
box; bananas, lOrfrllc per pound; apples,
$1.25413.25 box; grapes. 15c pound: pears,
$1.50'tt-2.50 per box; cranberries. $5.25 per
box, $17 & 17.50 per barrel.
VEGETABLES abbage. 5'4tfl'6c per
pound; lettuce, $4.25 per crate; beets,
$3.B04 per sack; cucumbers, $202.23
dozen; carrots, $2.50 per sack; celery, $80
8.75 per crate; peppers, 20c per pound;
horseradish. 15c per pound; garlic, 40c per
pound; turnips, $3.50Ci4 per sack; cauli
flower, s2tx9fr.7o per crate.
POTATOES Oregon,' $3.75 IB 4.50 per
sack: sweet, 6 'z (it 7 r c per pound.
ONIONS Oregon. 508UC per pound.
Salsa. High.
Am Beet Sugar UN 04
Am Can 4.700 54 7i
Am Car & Fdy 3.000 141 H
Am HAL pfd 2.100 121
Am Loco .... 11,200 102
Am Stg & Rfg 14.70O 70i
Am Sug Rfg.. 400 138t
Am Suma Tob 2.500 97 V,
Am Tel & Tel 7.O00 06 V
Am 7., L & 6.. 2.6O0 1714
Anaconda Cop 10.5OO 62ii
Atchison 11.30O 831.
At. G W I 8 11.000 1741,
Baldwin Lop. 17.200 11314
B A 0 15.700 321
Beth Steel "B" 10.500 961,
B & Sup Cop. 2.1O0 26
Cal Pet 1.400 44
Cun Pacific... 3.1O0 131 It
I'en Leather. . 7.200 09,
Ches & Ohio 4.400 56
C, M St P.. 11.600 3714
C N W 5.600 8614
C. R I & P. . . . 1.1O0 26I
Chlno Copper. 4.70O 3814
Colo F & Iron l.OOO 4114
Corn Pdts ... 8.900 86 '4
v.rucinie wteel tt.NOO 217
t uba cane Sgr
U B Fd Pdts. .
Dlst Sea Corp.
Erie ,.
Gen Electric. .
CORN UP WITH RUSH
MARKET STIMULATED l!V RISE
IK CANADIAN WHEAT,
Year ago 88
Sea n to date. .(.!
Year ago..?.. 5090
Taooino. Sat. 16
Year ago 41
aea'n to dale. 3724
Year ago 3S60
Seattle. Sat. 1
Year ago
Sea'n to date. 3561
Year ago 40'.4
180
61
19
174
4S
34
15
L'L'sn
14S8
(17
S70
35 1
550
1
'l23
122
136
455
941
2003
1
900
1
761
1904
LOCAL POTATO MARKET WEAKER
Few Cars Are Going South Idaho Dealers
Speculating.
A few carloads of Oregon potatoes arc
going to San Francisco and Stockton. The
local market is better supplied and the
feeling is weaker. Frost-free Burbatiks
are selling mostly al $44.25. Two cars
of Washington potatoes arrived yesterday.
Idaho Falls. Idaho, wired: "Practically ne
hauling. Detnand active, prices advancing.
Market excited. Dealers speculating.
Wagonloada. cash to grocers. Rurals, most
ly $3.25:- Russets, $3.5003.65, mostly
$3.60. Carloads, I. o. b. cash track. Rus
sets, $3. 75 & 3. 85; mostly $3.75."
TURKEYS TAKEN FOR NEW YEAR'S
No. 1 Stock Mores at 45 to 4. t ents Eggs
Cleaning" Vp.
There was a fair Inquiry yesterday for
dressed turkeys for the New Year's trade
and several good sized lots cleaned up at
45 to 47 cents. Dresseo geese sold at 36
cents. Live poultry receipts were small
'and prices were unchanged. Dressed ratals
continued weak.
There was a firm feoling in the egg mar
ket with light receipts and some outside
demand. Most of the local, accumulation
has been worked off. The cash buy.ng
price to shippers was 55 cents and Jobbers
offered candled ranch at 58060c.
Butter was steady with sales of cube ex
tras at 66 cents.
Provisions Are Bulllslily Affected
by Same Action Independent
Strength Displayed by Oats.
CHICAGO, Dec. 29. Corn prices went
up with a rush today, stimulated by notice
that quotations on wheat in Canada had
been suddenly elevated 50 cents a bushel.
The close here In the corn market was
firm. ISc to 3c net higher, with Jan
uary to $1.31 and May $1,294, to
$1.29?.. Oats gained P.r to 2Se. In
provisions the outcome varied from 22c
decline to 40c advance.
For a brief time before it was gener
slly known that the Canadian government
had given a big lift to wheat values, the
corn market here was Inclined to sag
During the rest of the day, however, ex
cept shortly afiermldday, the bulls were
in control.
Oats displayed independent strength.
Provisions, as well as grain, were bull
Ishly affected by the hoisting of Canadian
prices of wheat.
Leading features rsnged as follows:
en Mtors . . . K.l
Gt NdT nfd . . 12.31
lit No Ore ctfs
111 Central . ..
Insp Copper. .
Int Mer M pfd
In ter Nickel . .
Inter Paper. ..
Kan City Sou .
Kenn Copper.
L & Nash . . .
Mex Pet
Miami Copper.
CORN.
Open. High. Low. Close.
Dec ....$1.3S, $1.88 $1.S34 $1373.
Jan 1.276 1.81 1.27', 1.301,
May 1.27V 1.29 T, 1.27'i 1 29.
OATS.
May 804 .82 .8614 .82",
July 74 .764 .74", .76
.MESS PORK.
'jnn 37.25 37 35 37.15 37 15
May ...35.00 36.50 35.75 36.40
LARD.
Jain 21.30 '23.45 23.10 23.22
May 24.10 24.42 24.05 24.22
SHORT RIBS.
Jan 18.50 18.77 18.50 18.70
May ....19.30 19.45 19 05 19.S2
5.6O0
1.1O0
4.70O
1 .000
6.91H)
6.80O
7.7O0
800
600
7, COO
iri
8.100
no
.800
1.70O
1O.400
3.200
12.600
2. SOU
1.100
18.300
600
12.700
3.8O0
Mldvale Steel. 13.0OO
Missouri Pac. 4.SOO
Mont Power. . 800
Nev Copper. . 2.9O0
N" Y Central .. 7.800
N Y. X H H 6.100
Nor It Westrn 4.800
Nor Psc 10.900
Pac Mail oon
Pin-Am Pet.. 11.800
Pennsylvania . 16,000
Pitts W Va 2.600
Plttaburg Coal Too
Ray Con Cop. 3.40O
Reading 7.10O
Rep I Tteel 40.6OO
Shat Ariz Cop 1.500
Sin Oil & Rfg 4O.200
Sou Pac 17,100
Ptudebkr Corp 47.O0O
Texas Co 7.300
Tobacco Pdts. 5.100
Union Pac... 7.700
l'n Retail Strs 14.40O
U S Ind Ale. . 5 0OO
U S Steel. . . . 56.40O
U S Steel pfd.
Utah Cop
West Union . .
Westing Elec.
Willys-Over
Nat Lead . . . .
O Cities Gas.
R Dutch N Y.
13
78
39
8614
60
109'4
24 4
76,
15
29 4
1 10'4
218
2414
51
Low.
91
.-.::-
139
116
99 4
691,
137
9514
95 K
lf.i.
6074
82
172
11014
31
9314
25
42 74,
13014
9714
54 44
35 T4
85 1.
26 4
37 i
401,
84 14
211
50 J.
761,
761,
12i,
1
332 -76
38
86 14
58 14
107'
23 14
74 H
15
SS
109",
210i
22
491,4
Bid.
91
5314
1 311 .
11914
100
694
137
9514
96
164
61 4
98
19214
11014
3114
9514
26
43
1304
97 '4
354
37
83 V.
264
88
41
84H
21414
51
7614
7614
1314
161114
336 H
761,
3814
864
59
107;.
24 U
75
15
29
1094
21014
23 X.
Diversify Your Investments
As to Maturity
How to "catch the market" to best advantage has .always been a problem confront
ing investors. Our experience in investments prompts us to advise a happy medium or
average between short-term and long-term obligations.
By placing his funds in short-time securities the investor may profit by the present
rates of interest and look forward to a time in the near future when he may also be
able to reinvest on favorable terms. On the other hand, investment in long-time secur
ities offers the prospect of a material increase in the market value of bonds.
The safest course is to strike an average on maturities and yield, by purchasing
some short-term, some long-term securities and some that run for an intermediate
length of time.
Investment suggestions diversified as to maturity :
, Price to
Security Maturity Yield
Maxwell Motor Company Notes 90 days from 6.00
(Agreement stipulates quick assets cannot go below 1 times date
current liabilities ; Company has no funded debt.)
City of Klamath Falls, Oregon 6s December 1, 5.125
(Klamath Falls ranks eighth among the cities of Oregon in any year from 5.25
bank deposits.) 1920-1929
Brazilian Traction Light & Power Co. 6s 1922 7.00
(Notes secured by pledged collateral ; Company has excellent
record of earnings.)
Province of Ontario, Canada, 5y2 s 1929 6.20
(Debt of Canada's wealthiest and most populous province.)
Greybull, Wyoming, General 5s 1949 5.35 ,
(For every dollar of net debt there is $333 of estimated value.) (Opt. 1934)
Ask for our circular on diversified investments.
Sar Francisco
20H 25 14 25 1.
6014 5914 60
154 14"4 15
68-4 6R 68
27 26 26
974 9314 95 '4
80 79U 79,
3714 36 3714
101 994 100
404 40 40
29 27U 27 4
62 62 62
214 21 214
764 75H 76
118 1144 115
13 12 18
3S 424' 42 4
1034 1914 1021,
108 105 10614
226 220 223
93 H 9114 92 V4
1221, 1214 1 22 1-
92 904
1104 109 109;
IO6I4 104-4 1054
115S 113 1134
76ij 75 7514
871, S7i. 8714
54 14 63 , 54
284 274 28
S014 got, rov;
471, 4i 464
100 '4 98 14 9814
Bords -Trus s- Acceptances
Capiial Surplus $600,000
lumbermen! Bld.
Porlrd, Oreqorx.
Under supervision banking department State of Oregon.
tiftnpt from all French Government Taxation.
Bordeaux, Lyons and Marseilles
DENOMINATIONS: $100, $500, $1000
Dne November I. 1934.
We own and offer the followlne; bonds of the three French cities and recom
mena intra as very uesirable investment securities:
Amount. Rate. Maturity.
49.00O Bordeaux. City of. France , 6 MAN 1934
S8.0OO Lyons. City of. France MAN 1984
43 000 Marseilles. City of. Franca UnN 19S4
Rrice.
J92 5i
92. 50
2.50
PRICE: TO YIELD 6.80
c-r
LIBERTY and VICTORY BONDS
If you must eell your liberty or victory bonds, sell to ua.
If you can buy more liberty or victory bonds, buy from ua.
On December 29. 1919. the cloalnE New York market prices were as given
below. They are the coverninr price for liberty and victory bonds all over
the world, and the hl8he."t. We advertiae these prices daily in order that you
may always know the New Tork market and the exact value of your liberty
and victory bonds:
1st 1st 2d 1st 2d 3d 4th Victory -
34a 4a. 4a 414 44a. 4 14 s. 4.s. 34s. 44s.
Market ...190.54 9S. 29 $91.70 $93 36 $91.rtO $94.32 $91.64 $9W.20 $99.20
Interest ... .15 .17 .50 .18 1.24 8 .16 .20
Total . $99.69 $93. ST $92.20 $93.54 $92.13 $95.30 $92.43 $99.36 $99 4rt
When buylna we deduct SOc on a $50 bond and $2.50 on a $10OO bond. We
sell .it the Now Tork market, plus the accrued interest.
Burglar and Fire-proof Hafe Deposit Boxes for Bent
Open until 8 P. M. on Saturdays.
MORRIS BROTHERS, Inc.
Tbe Premier Municipal Bond Rouse Capital One Million Dollars.
Morris Moil. line. 309-11 Stark Street. Bet. Fifth and Sixth.
TEIXPHON K : BROADlV.lV 2151. Ksrabllshed Over a Quarter Century.
$66,665
Vancouver, B. C.
Short Term Bonds
to yield 7
DATED March 2, 1914
DUE December 15, 1923
hogs mm PRTEfl
BUTEBS PAY S 15.25 FOR BEST
OFFERINGS AT YARDS.
5.700
8.20O
IOO
3.30O
14.800
SOO
13,400
4. too
BONDS
.99.52 A T T rv 6
.93.20'Atch Ken 4s
.91. 70 D ft R O ref 5s
9.!.3-6iN T C deb 6s.
lo 2cl H.s. . .91.621N P 4s .
ilo 3d 4 Us . . . 94.38' N P Ss
.91.84 Pac T ft T 5s.
.99.22 Pa con 4i,s...
.99.30 8 P ev 5s
100 8o Rv 5s
100 m p
The day's sales
Wt. Price
14(1 13.50
433 8.50
1 1.50
9.00
12.50
9.50
6.00
7.00
5 50
7 25
D S Lib 314S.
do 1st 4s . .
do 2d 4,
do 1st 414 s
do 4th 4is.
Victory 34s .
do 4 4s
D S ref 2s reg
no coupon
Cash prices were as follows:
Corn No. 2 mixed, not quoted: No. 3
mixed, new, $1.3614 ; No. 2 yellow, old,
$L4S0)L44.
Oats No. 2 white, 8385; No. 3 white.
820834.
Rye No. 2. $1.7801.7914.
Barley $1.38 1.56.
Timothy seed $9 12.
Clover seed $30 48.
Pork -Nominal.
Lard $23. 12 & 23. 22.
Ribs $1H19.
World's Wheat Shipments Lighter.
World's wheat shipments in the past
and former weeks were:
Week Week Week
ending
Dec. 27
1'. S. Can 4,232,000
Argentina ...2,778.000
Australia .... 752,000
ending ending
Dec. 20 Dec. 28, '18
5,524,090 9,175,000
4,411,000 499,000
1.580.000 690.O00
Grain at San Francisco.
SAN FRANCISCO. Dec. 20. Flour. 8-8s,
$12.10.
Grain Wrheat, $2.20: oats, red feed.
$3.103.15; barley. feed. $3.37 14 3.45 ;
corn. California white, nominal.
Hay Wheat or wheat and oats., $23
27; tame oats, $25028; barley. $21024;
alfalfa, $23028: barley straw. 50bOc bale.
Minneapolis Grain Market.
MINNEAPOLIS, Dec. 29. Barley,
1-52; flax, $4.604.65.
Total
.7.782.000 11,465.000 10.364,000
Shipments for the season to date com
pare as lollows:
Same
Period.
Total
Since.
July 1, '19. Last season
U- S. and Canada. .177,563,000 145,237,000
Argentina 85.819, OOO 55,132.000
Australia . 55,570.000 18.125,000
.......... . . . . . . . . ......
w'
E 8 cv Ss reg..-88i;c S Steel 5s.
do coupon . ,SR Ane 'i-Fr 5s
1" S 4s reg "lOSiii
do coupon ..105ii! Rfd.
99
. . 80 14
00,
79 i
354
8514
9014
102'.
871,
84 li
9614
95 S
Mining Stocks at Boston.
BOSTON, Dec. 29. Closing quotations.
Alloues
Ariz Com
Calu ft Ariz .
Calu Heel
Centennial
Cop Range .
Kast Hutte
Franklin . . .
Isle Royalle
Lake Copper
Mohawk . . .
34 14 1 North Butte
15 Old Dom
65 Osceola
385 Qulncy
1414 Superior
47 Sup ft Boston...
3 414 Shannon
314 Utah Con
341, Winona
4 Wolverine
65
174
35
60
514
3
1 4
9
Money, Exchange, Etc.
NEW TORK. Dee. 29. Bar silver, $1.31.
Mexican dollars. (1.004.
Mercantile paper. 6 per cent.
Sterling, demand, $3.79; cables, S3. 80.
Francs. demand. 10.70; cables, 10.68.
Guilders, demand 3714: cables, 371j. Lire,
demand. 13.15; cables, 13.12. Marks, de
mand. 2.06: cables, 2.08.
Times loans strong: 60 days, 90 days
and six months. 8(0814 per cent.
Call money strong. High, 25: low. 12;
ruling rate. 12: closing bid, 20; offered at
20(4 : last loan, 20.
LONDON, Dec. 29. Bar silver, 76i4d per
ounce. Money, 34 per ce.it: discount rates,
short bills and three-months bills, 54 per
cent.
san francisco' produce market
Cattle Are Steady With Good Steers
Going at $10 to $ 1 1.25.
Day's Receipts Moderate.
The over-Sunday run at the stockyards
was 51 loads, only about half the usual
supply. There was a good market through
out the day. Hogs were firm and a quar
ter higher, top grade selling at $15.25
with the bulk of sale, at that price. The
cattle market was steady and $19 to $11.25
was paid for the best steers. Feeder sheep
comprised most of the arrivals in that
line.
Receipts were S56 cattle. 176 calves. 1110
hogs and 1088 sheep
were as follows:
Wt. Price'
5 steers. 968 t 9.001 1 calf . . ..
36 steers. 1019 1 0.IK) 18 calves.
25 steers. 1058 1 1 OOI 9 calves.
24 steers. 1049 10.50' 8 calves.
25 steers. 1095 10.50 3 calves.
18 steers. 975 9.00 3 mixed.
2 steers. 855 9.0O, lbull...
2 steers. 970 7.0Oi lbull...
2 steers. 1255 '" lbull...
23 steers. 1087 10.56' lbull...
2 steers. 645 8. 00 2 balls. .
ISsteers. 925 ft. 25 lbull...
8 steers. 763 10 00 lbull...
2 steers. 910 8.501 6 bulls..
11 steers. 1060 10.25 ; 2bulls..
3 steers. 960 9.00 85 hogs..
101". 10.50 4 hogs. .
763 9.25; 7 hoga. .
1 090 1 1 .25' 52 fcngs . .
913 10.35181 hogs. .
768 8.501 4 hogs. .
8.50 02 hogs . .
8 501 3 hogs. .
9.30' 3 hogs. .
9.50' 8 hogs . .
8.50 4 hogs . .
8.00 68 hogs. .
0 50' 19 hogs . .
430 111.011 33 hogs
923 7.50 89 hogs. .
829 8.50 54 hogs..
903 6.65' 4 hogs. .
1350 9.0O 23 hogs. .
950 6.25 8 hogs. .
1024 8.25' 9 hogs. .
1090 9.501 2 hogs. .
978 7.30: 6 hogs . .
1080 9. on-28 hogs. .
1074 6.0O135 hogs. .
840 8.50110 hogs. .
87T 6.50121 hogs. .
952 7.501 4 hogs. .
1713 9.50i 7 hogs. .
995 7.00 6 hogs. .
1015 8.80IS1 hogs. .
1 142 9.551 8 hogs. .
1110 8.00:11 hogs. .
990 lO.OOi 4 hogs. .
1250 9.50; 75 hogs. .
reau of markets. 1 Hogs Receipts 13. OOO.
steady to 10 cents lower. Top, $13.70:
bulk. $13.30 13.50: heavy weight. $13.36
13 55: medium weight. $13.40013.70:
light weight, $13.20013.73: light light, $1$
$13.25; heavy packing sows, smooth. $13.10
4t 13.35: packing sows, rough, (136 13.10;
pigs, (lie 12.75.
Cattle Receipt 11.000. killing classes
15 to 25 cents lower; feeders steady. Beef
steers, medium and heavy weight, choice
and prime. $13.26 18.26; medium and
good. $11.23016.26; common. (9.50 iQ 1 1 .25;
light weight, good and choice. (1618.25;
common and medium. $9 16. Butcher cat
tle: Heifers, (6.75 18.25; cows, (6.50 IS:
canners and cutters, ':..;:. veal calvea,
light and handy weight, (13014.25: feeder
steers, $7.25 13.25; atocker steers, (6.75
11.25.
Sheep Receipts 14. OOO, lambs 25 cent
lower; sheep and feeders steady. Iambs,
84 pounds down, ( 1 6.75 1 7.40: culls and
common. (12 16.25; yearling wethers,
(14.15813 75: ewes, medium and choice, $
10.25: culls and common, $5.2509.25.
Seattle Livestock Market.
SEATTLE. Dec. 29. Hogs Receipts 146.
strong. Prime, $15.5010; medium to
common. $14(g15; rough heavies, $13,500
14; pigs. $1314.
Cattle Receipts 128, weak. Best steers.
$11.50 12: medium to choice. $9.50(9 11:
heifers. $8.759.50: common to good, $6
8.25: bulls. $6.508: calves. $715.
Kansas City LWeatork Market.
KANSAS CITT, Mo.. Dec. 29. Sheep
Racetpts 10.000, steady to weak. Lambs.
(lOflf 17.50; culls and common, (0.73 15.75:
yearling wethers. $12.75016: ewea, $7,500
10.50; culls and commons. $47.25; breed
ing ewes. $8 11.60; feeder lambs. $11.75
14.50.
Naval Stores.
SAVANNAH. Oa.. Dec. 29. Turpen
tine, firm, $1.5014: sales, 300 barrels; re
ceipts. 314 barrels: shipments, 304 bar
rels; stock. 13.615 barrels.
Rosin, firm: sales. 1008 barrels; re
calpts. 1165 barrels; shipments. 1587 bar
rels: stock, 53.748 barrels. Quote: B, D.
SS, $10.40016.45: F, $16.4016.471: O.
$16.401 10.30; H, $16.456 16.5214; I. $17. 0O
17.15; K, $18.4518.50; M. $19.00; N.
$19.75: WG. $20.-25; WW. $21.25.
Dried Fruit at New York.
NEW YORK. Dec. 29. Evaporated ap
ples, quiet; western. 18024c: state. 20
22e.
Prunes, firm: Callfornlaa. 1432c: Ore
gons, 18 4425c.
Peaches. firm; standard. 2S.W21HC.
343
273
570
480
16SO
960
1 340
1215
1610
1480
1480
128."
12 steers.
8 steers .
3 steers .
19 steers.
3 steers .
5 steers .
3 steers .
24 steers.
2T steers.
1 steer . .
1 steer. .
11 steers.
1 steer . .
3 steers .
1 steer . .
29 cows . .
1 cow . . .
4 cows. .
7 cows . .
1 cow. . .
6 cows . .
3'cows. .
5 cows . .
5 cows. .
14 cows. .
11 cows. .
3 cows . .
2 cows. .
2 cows. .
9 cows. .
6 cows . .
1 cow . . .
1 cow . . .
1 COST. . .
3 COWS. .
6 cows . .
2 cows. .
20 cows. .
2 cows . .
22 cows . .
13 cows . .
4 cows . .
2 oows. .
2 calves.
1 calf. . .
3 calves .
2 calves.
25 calves.
K calves.
15 calves .
54 calves.
5 calves
924
996
938
1075
102O
1040
1070
common to good. $7-5009.50; cows and choice. 21 1-t?22i,-c: fancy, 2423e.
1390 10.00 5 hogs.
Duluth Linseed Market.
DULUTH, Dec. 29. Linseed. $4.65 0 4.68.
Rally In Coffee Futures.
NEW YORK. Dec. 29. The market for
coffee futures was quiet and somewhat
irregular today, but prices ruled generally
hlgher' on scattered covering and a little
buying by brokers with European and
domestic trade connections. After opening
unchanged to 7 points higher, prices eased
slightly under realising or liquidation
which may have been influenced bv the
I advance in call money, but later rallied
j with March selling at 14.97c and July at
15.80c, or 4 to 8 points net higher. The
close was within a point or two of the
best, showing a net gain of 3 to 18 points.
December and January, 14.60c; March,
14.96c: May. 1511c; July. 15.29c: Septem
ber. 15. 12c.
Spot coffee, dull; Rio 7s. 15c; Santos 4s,
2414 (8 25c.
FACTS JfO. 88V
Look to the Future
In building roads, the fact
should be borne in mind that
the country has 500.000 motor
trucks and that the estimate
for five years hence is 4,000,
000 or more. For roads that will
stand the strain of every con
dition there Is rrothing- equal to
BITULITHIC
WARRE.N BROS. COMPANY.
Eastern Dairy Produce.
XEW YORK, Dec. 29. Butter. firm:
creamery higher than extras, 7114 72c;
creamery extras (02 score), 71c; firsts,
61ir 61114 c.
Kegs, unsettled: fresh-gsthereu extras,
7475c; extra firsts. 7273c: firsts, 70
71c.
Cheese, steady: receipts. 590: state whole
milk flats, current make specials, 3114
32c; auto, average run. juvataaic.
CHICAGO. Dec. 29. Butler. lower;
creamery. 54rtJc.
Eggs, higher: receipts, IO86 cases; firsts.
68 w 60c; ordinary firsts. 5.11 62c; at mark
cases Included. 6568c.
Poultry, alive, higher; springs, 30c
fowls. Sic: turkeys. 40c.
Seattle Feed and Hay.
SEATTLE. Dec. 29. City delivery Feed
mill. $49 per ton: scratch feed. $84: feed-
wheat. $88; all grain chop. $76; oats. $69
fi'70; sprouting oats. (72: rolled oats. $72;
whole corn. $75: cracked com, $77; rolled
barley. $81: clipped barley. $85.
Hay Eastern Washington timothy
mixed. $38fli39 per ton; double compressed, 11918, 60d?65c: Pacific coast.
(42: allalta. (35; straw, $17 18i i'ugellSOc: 1918. 601 65c.
sound, $33. I Hides and wool, unchanged.
Prices Current on Vegetables. Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO, Dec. 29. Butter. 66c.
Eggs Fresh extras, 71V4c; extra pul
lets. 571-C.
Cheese Firsts nominal; Toung Amer
icas, 37c.
Poultry Hens. 3233c; young roosters.
3132c: old, 20c; Sryera. 34O30c: broilers.
38c; squabs. 6070o lb.: pigeons, $2,730
3.25 dozen: geese, 2830c; turkeys, 43
48c .extra fancy, 49 50c.
Vegetables Eggplant. . 1 0c ; peppers.
bell. 101214c; chile. 1015c; squash,
cream. 90c$l. large lug: Hubbard. 214
Sc lb.: pumpkin. 2214c: summer squash.
$1.25 1.75 lug; tomatoes, southern, (1
1.75; potatoes, rivers. 5 1 1 t cental:
sweet. 414re lb.; onions, yellow and
white. $4.255 4.50; Australian brown. $4.75
W5.25: cucumbers. II.50VT2 ua: srarllc.
2224c; beans, string. 151714c: llmas.
101oc; celery. "..-i"o.0; artichokes. No.
1. $1.50 dozen; turnips. $1.251.75: cauli
flower, $1.251.50 dozen; lettuce. $2 2.25
crate; peas, small. 121401714c; sprouts.
89o.
Fruit l.emnns. Mf.i: oranges. 44.75:
grapefruit, $2.25.1.T6 box; bananas. G14
714c lb.; pineapples. $46 dozen: pears,
cooking. $11.50 lug: apples, Newtown
Pippins. $1.752.25; Oregon Spttzenberg.
$2.503.25: pomegranates. 1.501.75 box;
persimmons. $ 1 . 50 2 box; cranberries.
$3.504 box.
Receipts Flour. 14.400 quarters; barley,
7814 centals; wheat. 7500 centals: bean's.
OOO sacks; potatoes. 1127 sacks: hay, 280
tons; hides. 352; wine. 32.490 gallons.
New York Sugar Market.
NEW YORK. Dec. 28. Raw sugar,
steady: centrifugal. 7. 28c; refined, steady;
cut loaf. 10.60c: crushed. 10.25r; mould A.
9.50c: cubes. 9.75c ; XXXX powdered. 9.20c :
standard powdered. 9.16c: fine granulated
and diamond A, 9c: confectioners'. 8.90c;
No. 1 soft sugar. 8.85c; all old-crop prices.
883 7.50 7 hogs
708 S.O01 9 hogs
989 nJESM 8 hogs. . .
976 9.00122 hogs. . .
975 8.O0 32 hogs. . .
980 8.00 25 hogs ..
875 8.00 6 hogs. . .
815 7.00 98 hogs. . .
1213 7.50116 hogs. .
490 8.501 3 hogs. .
120 14.00,18 lambs.
886 12.50 29 lambs.
185 14.001 S ewes. .
244 18.25i 2 ewes...
227 12.0O' 1 yearl . .
395 8.0OI 125 yearl.
284 11. 50 185 yearl .
0? HO 30234 vearl .
Livestock prices at the local yards fol
,ow: ,
Cattle Price.
n., teere $10.756 11.2
Good to choice steers 10.00 a 10.50
206 15.25
345 13.25
192 13.23
225 15.25
213 15.00
387 13.00
210 15.00
163 14.00
246 18.00
340 13.041
252 15.00
214 15 25
173 13.30
187 15.00
IOO 15.25
143 13.23
182 13.50
124 13.no
256 14.60
136 18.00
255 14.50
228 15.00
165 15.0O
219 15.00
392 13.00
283 14.00
232 14.50
218 15.00
274 1.1.00
165 15.00
296 13.O0
168 15.00
180 13.0O
240 15.00
262 13.00
162 15.O0
296 14.50
446 13.00
186 18 00
126 12.50
175 15.0O
181 15.25
106 11.511
230 15.00
173 14.00
69 12.25
82 12.25
184 7 00
103 3.00
120 10.5O
94 10.50
53 10.50
90 10.50
9.00 6 9.75
s ,10 .1 9 oil
7.00 8.00
9.OOO0.75
7.75 9.O0
5.75
4.75 5 26
3.23 H 4.25
6.00'a 8.00
12.50 14.O0
7.00 0 12.00
8.00 0 00
14.50 15.23
14.0O4i 14.50
1 2.00 & 18. OO
11.50 13.00
13.00G 13 50
11.30 12.60
10.50 1 LOO
10.00e11.00
9.0O ra. U.JVfl I
v.oti vr :
6.00 7.00
Hops. Etc.. at New York.
NEW YORK, Dec. 29. Hops, quiet;
state, medium to choice. 1919. 7585c:
1919, 84
Medium to good steers. .
Fair to good steers
Common to fair steers
Choice cows and heifers....
Good to choice cow, heifers.
Medium to good cows, heifers.
Fair to medium cows, heirers.
Canners
Bulls
Prime light calves
Heavy calves
Stockers and feeders
Hogs
Prime mixed
Medium mixed
Rough heavies
Pigs
Sheep
Eastern lambs
Light- valley lambs
Heavy valley lambs ,
Feeder lambs
Wethers
Yearlings
Ewes
Chicago Livestock Market.
CHICAGO, Dec. 29. Hogs Receipts 26,
000, active, 10 to 20 cents higher. Bulk,
SI 3.90 14. 10; top. (14.20; heavy. (13 90
14.15: medium, (13.95 1 4.20 : light. (18.85
14.10: light light. (13.50 18.90: heavy
packing sows, smooth, $1S.2513.7$; pack
ing sows, rough, $12.30 13.25; pigs. (12.75
13.75.
Cattle Receipts 28.000. unsettled. Beef
steers, medium and heavy weight, choice
and prime. $18.7520: medium and good.
$11 18.73: common, (8 75011: light
weight, good and choice, $14 19.50; com
mon and medium, $8014. Butcher cattle:
Heifers. (6.400 14.75: cows. $6.25j' 13.50:
canners and cutters, $5.2506.25; veal
calves. $15.50 0 16 50: feeder steers, (7
12.25: stocker steers, (610.25.
Sheep Receipts 32. OOO. firm. Lambs.
(1618.50; medium and good. (1215.75:
common. (12016.25; ewes, medium and
good, $811; culls' and common. $4.50
8.25.
Omaha Livestock Market.
OMAHA, Dec. 29. t United States bu-
Reduce Your Normal
Credit Losses
The primary function of the American's
Unlimited Policy of Credit Insurance is to
provide absolute protection against abnormal,
unforeseen credit losses.
But so thorough and complete is the service
we render that very frequently a client's
normal credit loss is reduced, and he is saved
many times the moderate premium paid for
the policy.
If you are a manufacturer or wholesaler,
we can tell you precisely the normal insol
vency loss resulting from sales of any volume
for your particular line of business.
Surely it is to your every interest to get such
valuable statistics. An inquiry will bring
them to you without any obligation.
AMERICAN CREDIT-INDEMNITY CO.
or NEW YORK E. M TREAT, prcsidcnt
H. T. MACRILL, General Agent,
Board of Trade BJdg. Portland, Oregon
Phone Main 1179
Principal and interest coupons (June IS nd December
15) payable in New York without any deduction for
Canadian taxes. These are old seasoned bonds the
direct general tax lien t-pon all the taxable property of
the City of Vancouver..
412 bonds at 91.41 to yield 7
Wire orders collect
Freeman Smith & Camp
second floor
orthwest ern bank buh-di
Main 646
Wiun tea rsi sssiss
Review Your Old Investments
and Anticipate the New
OREGON MUNICIPAL BONDS
YIELDING ABOUT 6
FREE FROM INCOME TAXATION
would make splendid securities in which to
invest.
Call Main 715 and we'll tell you about them.
CLARK. KENDAil 6 CO. INC.
Hs""
GOVERNMENT, CORPORATION AND MUNICIPAL
BONDS
TO NET FROM 5 TO 7
PREFERRED STOCKS LOCAL SECURITIES
ROBERTSON & EWING
207-8 NORTHWESTERN BANK BLDG.
MUNICIPAL BONDS
From the States of
Ask for January
Investment Offerings
A wide range of securities.
A wide range of maturities.
A wide range of yields.
A carefully selected and broadly diversified offering
of securities giving much valuable information as to the
various issues listed.
Circular will be sent upon request for OR-017.
The National City Company
Correspondent Offices in More Than 50 Cities.
Portland Yeon Building
Telephone Main 6095.
Bond Short Term Notes Preferred Stocks
OREGON WASHINGTON IDAHO
To Net 4.90 to 6.50
Exempt From Present Income Tax
F. L Pevereau SiQmpany
MUNICIPAL BONDS
B7 sixth Street Broadway 104
Ground Floor Wells-Fargo Building
HALL & COMPANY
BUT AND SKI;.
Railroad
Public Utility
Industrial
Municipal
BONDS
TIEIJ3INO
5 to 7
Foreign Government Loans
Local Securities
Preferred Stocks
Lewis Bldg., Portland, Or.
Wilson-Heilbronner Co.
BROKERS
RailTray Exchange.
Direct Private Wire, to All Ex
change.. STOCKS, BONDS, GRAIX, COTTOX
SERVICE, THATS ALL
Telephones Main 283. Main 2S4
Correspondent.
K. F. Hutton & Co.. New York:
Clement Curtis & Co.. Chicago;
Hayden Stone & Co., Boston.
Investors read
Tkc Wall Street Jfnnal