THE MQRNING4 OREGOXIAX, TUESDAY, MARCH. ' 2, 1920
2.1
SHORTAGE OF LlfifEN
MAY BE RELIEVE
0
Large
Flax Stocks Believed to
Be Held in Russia.
EFFORTS TO MOVE SUPPLY
Production in-Western Europe Is
Being Speeded Efforts to Iro
Tide Substitute ZVot Successful.
T,arre stocks of flax are believed to be
held In Ilussia. whirh are vrT much
wanted bv th tinon milli of the world
and rpcpnt nws has led to hopes that
some way would be fonnd to pt the
mpp1jr out. Until this relief comes in
some form, linnis will continue to be ab
normally high priced and , the new econ
omics brinjj organized in linen production
wi;i be held back. Tho English govern
ment has taken care that every possible
encouragement shall be givn for the
continued extensive growth of flax in Ire
land. An .English company has also been
spurred on to increase he planting of flax
In Kast Africa, where a modest beginning
gives promise of developing into one of ne
icost interesting agricultural improve
ments In that territory.
Felgan mills are steadily getting to
work and it Is stated that the attempts to
reinstate the old prestige of flax crops' in
Belgium give promise of large success
If nature is favorable during the coming
year.. Reports of a conflicting character
are published concerning the actual stare
f Russian supplier, but, according to
Dun's World's Markets, it Is the common
belief that If order can be restored in the
next few months, shipments will be re
sumed on a much larger scale than has yet
been seen.
Stocks of linens throughout the world ,
have been greatly depicted. Much has
b?en written aiiTl said of the substitution
of cotton for linen 'and many developments
have occurred in the direction of applying
linen finishes to cotton products. Never
theless, the demands that are constantly
made upon linen manufacturers in Scot
land and Ireland show that the world
M 9
A shipment of 40 cubes ot California but-
ter arrived for a local creamery.
Poultry and dressed meats were in small
supply and unchanged in price.
Wheat Exports Iloldinig Even.
Wheat shipments for the past and for
mer weeks were:
Week ; Week WVek
ending ending ending V
Feb. 2. Feb. 21. Mar. 1-10.
U. S.. Canada. 3.470.OO0 2.43(f.t00 4.946.000
Argentina . . .3,14,iKk 6,344.000 133.000
Australia ....1,700,000 022,000 1,7811,000
Total 9,14 2,000 9.704,000 6.868.0O0
shipments lor ine season to date com-
pare as follows:
Total since Same period
" Ju t iy. Last season.
TJ. S.. Canada.. ..214.334,000 202,536,000
Argentina ll'6.2J.000 61.660.000
Australia 2,H2,00( 2S4.i4.flO0
India 120.000 5.461.000
Total .
...413.185,000 293,111,000
Large Decrease in Wheat Visible.
The American wheat visible supply com
pares as follows:
March t, 1920
March 3, 110
March 4. IMS
March .V J!17
.March 6, 11)16
wants flax products for themselves and
not because of any desire to compare them
with substitutes. This is "quite in- keep
ing with careful predictions made through
out the war while the supplies of flax for
household linens were Constantly dimin
ishing.
Bushels. Bushels.
. C0.K73.OOO 2,. r2 1.000
.IIS 219,000 2,9K7,00
. 9.nll.OO0 8.")6.000
. 44.IM6.000 214.000
. 63,003,000 M46.000
Increase. - -
The corn visible Is 4.9.11,000 bushels.
an increase of 170,000 bushels; oats, visible
10.401,000 bushels, decrease 46,000 bushels;
rye visible 20.3S9.000 bushels, decrease 281,-
000 bushels; barley visible 3,073,000 bush
els, decrease 344.000 bushels. (
Asparagus in Market.
Among the southern vegetable receipts
yesterday was a shipment of asparagus.
which was put on sale at 3.1 cents a pound.
car each of cauliflower. letfuce and
fiat Dutch cabbage arrived. Two cars of
Florida , grapefruit also came in and
cleaned up.
Bank Clearing.
Bank clearings of the northwestern cities
esterday were as folio ws;
Portland . S7.949.511 S2.295,ii82
"ftttle 7.301.671 1.775.881
Tacoma 930.788 124,671
pokane ... . 3,916,201 1.010J98
PORTLAND MARKET QUOTATION
Grain, Flour, Feed, Etc - .
Merchants' Exchange, noon session'.
Oatp .March. Aorll.
No. white feed $09.00 159.50
Corn
No. 3 yellow 57.50
Eastern oats and corn in bulk:
Oats
w-lb. clipped - RS.no
8-ib. clipped 58.50
Corn
No. 3 yellow 53.50
STOCKS CLOSE STRONG
STEEIj CORPORATION" DECISION
" SENDS PRICES UP. .
Railroad Change, Easier Money
Rates and Oil Advances Are
Other Strengthening; Factors. V
NEW YORK, March 1. Demobilization
of the railroads, a supreme court decision
favoring the United States Steel corpora
tion, comparatively easy call money rates
and an all around advance In crude and
refined oil products were the chief in
fluences of today's stock market.
Of these widely diverse developments
the decision absolving the . steel corpora
tlon from illegal practices was the most
important, prices rallying Quite gene rail
in .no Jast hour, when the text ol the
court's ruling' was obtainable. xy .
Kails and affiliated eaui omenta were
to 3 points higher at the opening, but
tms advantage was speedily . forfeited
when pressure against high-priced spe
cialties was renewed. This was most
marked in General Motors. Crucible Stee
and leathers, where reactions ranged from
- to u ln points.
Reactions extpnrtpd tn rafla. Shlnnlari
showed similar tendencies and food shares
oecane reactionary.
iraders did not irrasD the full lmoort
of the steel decision until the news timers
issuea excerpts, wnereupon united-States
hteoi began to be heavilv aepiimnlRf ri u
to'i, anextreme advance of 2Vi points.
iiiucnmeiii BieeiB raniea A lo u points
mi. i iiiiuiiiiuiii. umna ot x to
points predominated at the active Close,
aaies no.wo shares.
. In the bond market llbertv 3Us mad
perceptible recovery.from last wnnk'a low
level, but others of that group, as well
. ;L'iry . nois, were weaker.- Tot a.
sales, par value, S13.S75.000. Old United
states oon as were unchanged on call.
CLOSING STOCK QUOTATIONS.,
Closing
DS.00
Mi AO
58.50
KKCEim 1-KOM FARMS INCREASED
fcniuller Ainouut of Hour rroduced in
Last Week Kepurtert.
The 42d week!,- bulletin covering wheat
and wheat flour movement throughout
the United States fr the wi-ek ended
February ::o, in comparison with figures
for the same period a jear ago, follow:
Bushels. Bushels.
wheat receipts from
fums 4,961,000 3.840,000
Wheat rect-ipta from
farms prewous wk 4,183,000 5,171.000
"Wheal receipts from
farms June -7 to
February 20 6U5.2SS.0O0 OS7.601.000
Total stocks wheat
all elevators and
nulls 18S.690.000 225,833,000
Total stocks wheat
. all elevators and
mills the previous I
w eek 195,718.000 233,403.000 j
mange zor wecK,
decrease
7,022,000
.Barrels.
V.57O.O00
itarreis.
58.50
WHEAT Government basis. 12.20 per
bushel.
FLOUR Family patents, $13.15; bakeVs'
hard wheat $13.75; whole wheat. $12.06;
graham, $11. SO; valley, $11.40; straights,
$11 per barrel. '
MIL.LFKED Prices f. o. b. mill, city
cartage $2 extra. Mill run, car lots or
mixed cars, $41.50 per ton ; rolled barley,
$71; rolled oats, $63.50; ground barley, $71,
scratch" feed, $S0.
CORN Whole, $66; cracked, J68 ppr ton.
HAY Buying prices, f. o. b. Portland.
Alfalfa. $30.50; cheat. $17 (if IS; clover.
$25; oats and vetch, $26; valley timothy.
$172S.
Dairy and Country Produce.
BUTTER Cubes, extras. 62(64v per
pound : prints, parchment wrappers, uoj
lots, 68c; cartons, 69c; half boxes,
more; less than half boxes, lc more; but
terfat. No. 1, 65 & 60c per pound at sta
tions; Portland delivery, ordinary grades,
68c; A grade, 70c.
EGGS Jobbing prices to retailers: ' Ore
gon ranch, case count, 40hkc; candled,
43 ft 44c ; selects, 44
CH15ESK Tijlamook. f. o. b. Tillamook;
Tripieaa. 32c; Young Americas. 33c; long
horns, 33c. Coos and Curry, f. o. b.
Myrtle Point: Triplets. 31c; Young Amer
icas, 32 He
POULTRY Hens. 3035c; springs. 280
30c; broilers. 35Q3Sc; ducks. 854Uc,
geese, 20 25c; turkeys, live, 40c; dressed,
choice, 50c.
VEAL Fancy, 26c per pound.
PORK Fancy, 20 21c per pound.
' ' Sales.
Am Be-et Sug. 1,000
Am Can 6,500
Am Car & Fdy 9,200
Am H & L pf. 5.5IK)
Am Loco 17,000
A in S & R ex d 400
Am Sug Ref. , UK)
Am iSum Job, 1,100
Am Tel & Tel. 1,300
Am Z, L & S. 200
Anaconda Cop 1.200
Atchison j .... 1,500
A G & W I S S 1.2i0
Baldwin Loco. 5,700
Bait fc Ohio. . 6,100
Beth Steel B. I0,5uo
Calif Pet 1M0
Can Pact ex d. 1,500
Cen Leathf r. . 3.4'K)
Ones & Ohio.. TOO
C. M & St P. 3-400
Chi & N W. . . ' 4)H).
Chi, R 1 & P. 37.AOO
Chino Copper. 200
Colo F & I. . . 1H
Corn Products 4,600
Crucible Steel. 15.700
Cuba Cane Sug 2,500
Dist Sec Corp. loo
Erie 4,000
Gen Motors. ..' 17.3O0
Gt North pfd. 1.2(H)
Gt No Ore ctf 500
Illinois Cent.. 500
Insp Cop 1,000
Jnt M M pfd. 1.200
Intenat Nickel 2.0(0'
Internal Paper 2,100
Kan City Soth " 1,800
Ken Cop ex d. 1,000
Louis fc Nash. luO
Mex Pet 16.900
Miami Cop.
Midvale Steel.
Missouri Pac .
Nevada Cop. .
N Y Cent
mo
4.000
7,500
100
2.300
Fruits and Vegetables.
FRUITS Oranges, $4.507.75: lemons,
$6.757.50 per box; grapefruit, $3.50(6' 7,50
per box; bananas. 10((illc per pound; ap
ples, $1.35 ii 3 per box; cranberries,, $4.50
per box, $12 per barrel.
VEGETABLES Cabbage, Qfitc per
pound; lettuce. $3s3.0 per crate; beets,
$3.50 sack; cucumbers, $2(g3 per doz.;
carrots, $1.73 per sack; celery, $11 per
crate; horseradish, 15c per pound; garlic,
40c per pound; turnips, $4 per cack; cauli
flower, $1.75 4? 3. 25 per crate; tomatoes,
14 rr hnv nnrsnitm. S.I Til) r-r canli ' urti.
of flour, making a total equal to 134.0S3.- chokes. 1."5 Sj 2 per dozen; peppers. 335S40C
000 bushels of wheat, compared with per pou-nd; spinach, $2.:J5 per box; rhu-
2,206.000
2,513,000
Flour produced dur
ing week
Flour produced dur
ing previous wefk
Flour produced June
21' to February 20 95,15,000
Kxports of wheat and flour, July 1. 10iy,
to February 20, li20, amount to 87, 05:;, 000
bushels of wheat and 10,451, 000 barrels
2,oo.o;o
1,004,000
80,006.000
11S.22S.0O0 bushels of wheat and 10.3S4,
00 barrels of flour last year to Febru
ary 20, 1010. the 20 days of February be
ing prorated from the monthly total mak
lng a total of 101.iK38.OUO bushels of
wheat; last year's total flour exports in
eluded American relief administration and
American expeditionary force shipments.
GOOll DEMAND l.V APPLE MAKKJET
Supplies Are Moderate and Prices on a
Steady Bums.
There was a good demand in the local
apple market, though not many sales of
high-priced fruit were reported. Prices
were steady and supplies were moderate.
Shipments Saturday were eight cars.
Holier sales- in the northwest were re
ported as follows:
Holler sales, February 23, S sizes unre
ported: Yakima, one car Winesaps extra
fancy, shipped February 14, $2.50; fancy,
$2.25; three cars sliipped February 17,
Winesaps, fancy, ?2.50. Wenatchee, one
car Winesaps. extra fancy, shipped Feb
ruary 13. $3; three cars shipped February
12. 14 nd 1j, Winesaps, extra? fancy,
J2.75. Other districts, one car Winesaps,
extra fancy, shipped February ll, $2.25;
fancy, 12.10. Roller sales, February 26:
Wenatchee. five cars Winesaps, extra
fancy, shipped February 10, 17 and
$2,756 3; two cars combination pack, Wine
saps, $2.75.
At New Tork Oregon Newtown,, - extra
fancy, were quoted at $2.753.50; fanes
mostly at $2.50, choice at $2. and SpStzcn
bergs. extra fancy, at $4B4.2J, with the
market strong for red stock. -
A1X GRAIN MARKETS ARE INACTIVE
S Cbunges ia Feed Cerrals on Local
Board.
The wheat and feed grain markets con
tinue very. dulL No changes were made
in the bids posted at the Merchants' Ex
change yesterday..
Clement Curtis estimates farm reserves
of oats at 37S. 000.000 bushels, against 5S8,
000,000 bushels last year. Goodman puts
corn farm reserves at 1. 170.tloo.oou bushels
Weather conditions in the middle west,
as wired from Chicago: "Grain belt clear
and cool. 1-orecast Increasing cloudiness,
probably unsettled, with snow in sections,
winner.''
Terminal receipts in cars were reported
by the Merchants' Exchange as follows:
Portland
Wheat Barley Flour Oats Hay
. 71 .. 35 .. 7
a w .. 11
160 3025 407 1307
uoa jyua
barb. $3.50 per box: peas, lS&2ue per
pound; sprouts, 17c per pound.
POTATOES Oregon, $4.25-ji3 per sack;
xakimas. $5?iB; sweets, 7fcl0c pound.
ONIONS Oregon, firg o'c per pound.
Staple Groceries.
Local Jobbing quotations:
SUGAR Sack basis: . Cane, granulated,
15.00c per pound; extra C, 15.90c; Golden
C, 15.40c; Yellow D, 15.30c; cube, in bar
rels, ltt.75c. . '
NUTS Walnuts. 32033c; Brazil nuts,
30c; filberts, 35c; almonds, 35tl38c; pea
nuts, 15&15tec; chestnuts, 25c; pecans,
32c; hickory nuts, A516c; cocoanuts,
per dozen. "
SALT Half ground. 100s, $17.75 per ton;
50s, $19.50 per ton; dairy, $28.50 28 pel
ton: best refined, 50s, $36.50.
RICK Blue rfose, 10c per pound.
BEANS-White. bhic; pink. 8ttc; lima;
17c per pound; bayous. 10c; Mexican reds,
Sc per pound.
COFFEE Roarten, In drums. 39 510.
Provisions,
Local Jobbing quotations:
HAMS All sizes. ,34 37c; skinned, 270
5c; picnic, 2.&28C; cottage roll, 30c
LARD Tierce baals. 2bc; compound.- 26
per pound.
DRY SALT Short, clear backs. 2S32c;
plates. 23c.
BACON Fancy. 41 50c; standard. 33
3Uc
X Y, N li & 11 23,200
Norf &' West. 100
Northern Pac. 2.S00
Pacific Mall.. 200
Pan Am Pet. . 15.500
Pennsylvania. 2.HO0
Pitts & w Va. 1,41)0
Pitts Coal 1.5O0
Rav Cons Cop. 2.300
Reading ..:. 5. Hon
Rep Iron St 30.US0
Sinclair O & R 111, 5O0
Southern Pac. 8.000
Southern Ry. . 31.20(1
Stude Corp... 10.700
Texas Co.... 1,400
Tobacco Prods SOO
Union Pac... 2.S00
Un Ret Stores 5,4oo
U S In Al ex d 3,000
V S Steel 112.K00
V S Steel pfd. 1,500
Ltah Copper..
Westing Eiec.
Willys-Over. .
Natl Lead
High.
7!)
42
130
05
04
60
124
81
97
17
574
83 li
143
HOli
38 !
86
34
119
79 V5
57 Vi
39
87
39 7,
33',
3S'.i
M'i
l!)i
41
56-4
15,
245
78
37
87
51
83
20 !4
. 73 li
18'
28 0.
103.
170 li
21
4314
31
14',
72
35
04
79
.12
82
"43
28
54
17
76
88
39
93
26
S3
177
(i
LowC
. 78
4014
127 li
01
91
KO "
124
80
"
1714
. 56
82 li
14014
107,
3T'i
83 14
32
118
77
66.
2S
SOI,
38
33
38
79
190
40
56
14
238
77
37
S6
fills
82
2014
71
17 '4
2814
Ul3
168
21
Bid.
79
42
130
84 14
4
' 60
1J4
81
, 97
' 17
57
83
143
11014
37
85
34
119
79
u 1.
39
86 14
38
33
38
81
197
41
b
14
238
78
37
87
51
82
20
73 Ms
1714
28
103
168
21
43.- 45
120
68
80 -95
110
70 'i
. 501?
24
75
42
.09
BONDS.
U S Lib 3'As...94.80!AnBlo-Fr 5s 97
do 1st 4s 90.20 A T & T cv Cs. 96
no 4s . . . .Mt.ou1 Atcn gen 4s ... t
do 1st. 4V4s. . .U0.D0ID & R G con 4s 63
do 2d 4s. . .89.80:N Y C deb 6s.. 92
Ohio Clt Uas..
Roy Dut N Y.
ion
1.300
6,000
200
1.100
3,800
20
34
71
34
94
77
32
SO'l
42
27
53
17
75
84
37
84
25
80
172
66
119 ,
66
78
93
110
70
50
23
75
41
88
30
14
- 72
34
94
79
32
82
42
28
53
17
75
87
39
.95
25
S3
177
66
11914
67
804
5
110
70
50
24
75
42
99
I 457. Interest charges amounted to $15.
K47 .506 .nmnaN - i , I, tIA Ml AUA-ln 1 ' 1 8
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc., at Bay City.
SAN FRANCISCO. March J Butter
Extra grade, 61c; prime firsts, nominal.
Eggs Fresh extras, 4Se; firsts, 43c; ex
tra pullets, 40c; undersized. 7c i ...
Cheese Old, steady; California flats,
fancy, 31c; firsts, 2b c; young Americas,
35c
Poultry Hens, large. 3T41c; young
roosters. 43ij45c; old, 22 & 25c; fryers, 50
fc-55c; broilers, 50-53c; geese, per lb., 35
&3Sc; ducks, 28lilc; Belgian hares, 18
420c; jackrabbits, $33.5o per dozen;
turkeys, dressed. 514 54c; pigeons, per
dozen, $2.503.50; squabs, 70&75c per lb.
Vegetables Squash, cream, Tocfel; Hub
bard, 3&4o per lb.; Summer squash, $2.50
&3.25. Tomatoes. Mexican. SI fa 1.50 eer
crate; fancy, repacked, $1.75(3-2 per SO-lb.
lug. Potatoes, Rivers. $4.75'fr5.2d per
cental; sweet, iti jc Der lb.: Oregon Bur-
,0831X3, $o.j5.tl; Oregon American Won
ders, $5.40';f 5.50; Idaho Gems. $5.50.
unions, white, $5 per cental; Australian
Drown, X4.D0H3; cucumbers, hot house, $3?
.uU per box; English, $3fe3.2o; garlic. 2:
23c per lb.; celery. $4 4i7 per crate: arti
chokes, per dozen, 65c!g$l; turnips, $1.50
l (o; carrots, $1.25; cauliflower, per dozen,
6C&75c: lettuce, southern, $1.25&1.50; Im
perial valley, $2i2.25; peas, 84flc
sprouts, 6(i7c per 1-b. ; asparagus, natural
growth, lfS.20c; fanes-. 221i5a25e: spinach,
per lb., 6$7c; do, crate, S22.23J green
onions, s per box. .
Fruit Oranges, navels, $4.50(3 6; lemons,
4.;U(a3.7; grapefruit, $2.503-2u; tan
gerines. $2.75(a3.75 Der half oranze box
bananas, SS'llc; pfneapples, $.i.50'35.50 per
uozen. i-ears, cooking, si(y) 1.50 per lug;
wi-nter Nellls. $3cg)4: Oregon, $4. Apples
Newtown pippins, 3-tier, 2.35'a2.65: 4
tier, $2.25l2.35; 4-tler, $1.902.15; Ore
gon Spitzenburg, $2.5003.25: Oregon. New
town pippins, - $2.50'd3; Arkansas Black.
$3.25; California, $2(k2.25. Rhubarb, bay
stock, 12 fe!4 per pound.
Receipts Flour, 3204 quarters; wheat, 5
centals; "barley, 39X5 centals; oats, 635
centals; beans, 2S4 sacks; com. 850
centals; potatoes. 6695 sacks; eggs. 84.660
dozen; oranges, 4000 boxes; hay. 215 tons.
Reaction in Coffee Futures.
NEW YORK. March 1. Tha market for
coffee futures showed reactions from the
declines of late last week, but there was
only a moderate volume of business and
me buying was more generally attributed
to covering tnan to any renewal of trade
Interest. Brokers with cotton exchange
connections were sellers at the start and
after opening one point lower to four
points higher, there was some little ir
regularity. The Brazilian cables made a
generally steady showing, however, and
the steadier technical position of the local
market soon asserted itself with May ad
vancing to 14.30c and September to 14.40c
or 15 to IS points net higher. The close
was 8 to 18 points higher. March, 13.78c;
Slav, 14.24o; July. li.4Sc: September,
14.32c; October, 14.30c; December. 14.27c.
Snot Rio was nominally unchanged at
14c for Rios 7s and 24c to 24c for
Santos 4s.
CORN RESERVES HEM
CONSUMPTION" IS ALSO
VERY LARGE SCALE,
ON
Crude Oil Prices lifted.
PITTSBURG, March 1. The Zep Pur
chasing Agency today announced an ad
vance in the price of Pennsylvania crude
oil of 15 cents a barrel to $5.90. Cabell
grade also was advanced 25 cents to $3.57.
Independent refiners, .it was reported, of
fered bonuses above posted, prices, but
little oil was sold. Producers, it was the
prevailing opinion, were waiting hor higher
prices w-hich they expected to develop
March 16, when the Zep company s plan
to cut off supplies from the independent
refiners will become effective.
TULSA, Okla., March J. The price of
mid-continent and North Texas crude oil
was advanced 25 cents to $3.50 by the
Sinclair Oil & Gas company.
INDEPENDENCE, Kan., March 1. The
Prairie Oil & Gas company today an
nounced a 25-cent increase in crude oil
to $3.50 a barrel.
Chicago SXarket la Ncrrons and
.Prices Close YVilh Little Change
From Saturday.
WHICAGO, March l.-Correct belief that
private reports would show lange farm re
serves of corn was virtually offest ' as a
market Influence today by announcement
that consumption of corn from November
1 to March 1 was about the heaviest on
record. Prices closed nervoust at the
same as Saturday's finish to c lower,
with May $1.36 to $1.36, and July
$1.31. Oats gained to lr In pro
visions, the outcome varied Trom 5o de
cline to 20c advance. t
Oats developed independent 'strength.
Provisions sympathized with hog mar
ket weakness- and then rallied with grain.
Leading futures ranged as follows;
CORN.
Open. High. Low. Close.
May $1.:.'6 $1.37 $1.35 $1.36
July.... 1.30 1.31 1.30 1.31
Sept..... 1.26 1.27 1.20 .27
OATS.
May 79 .81 .79 .SOK
July 72 .74 .72 . .73
MESS PORK.
34.40 34.60 34.40 ,
May.
July.
34.55
34.50
LARD.
May.... 20.57 20.05 20.57 20.R5
July.... 21.12 21.50 21.12 21.37
SHORT RIBS.
May.... 18.30 18.60 18.30 1S..V7
July 19.00 . 18.75 1S.92
Cash prices were:
Corn No. 3 mixed. $1.47 1.48; No. 8
yenow, si.48i3i.uo.
Oats No. 2 white, 88S9c; No. 8
wnite, S688Sc.
Rye No. 2, $1.59 1.80.
Barley Not quoted.
Timothy seed $12014. '
Clover seed $46 5U.
Pork Nominal.
Lard $19.05.
Kibs 4)17.25 1.1.12.
Minneapolis Grain Market.
MINNEAPOLIS. March L Barley. 11.18
1.39.
Flax, 1 5.1685.21.
Grain at Han Francisco.
SAN FRANCISCO. March 1. Grain
Wheat, $2.20; oats, red feed, 3.203.25;
barley, feed, $3.403.45: corn. Califor
nia yellow, $3.20(i3.25; white Egyptian,
$3.7503.80; red milo. $3.20,3.25.
Hay Wheat or wheat and oats, $3538
per ton; tame oats, $3740: wild oats. $28
32; barley. $28(832; alfalfa, $3237:
stock hay, $2932; barley straw, 5U4J
SOc per bale.
Seattle Feed and Hay.
SEATLE. March 1. City delivery: Feed
Mill, $48 per ton; scratch feed, $83;
feed wheat, $87; all grain -chop, $75; oats,
$72: snroutine oats.. $74: rolled oats. S73:
whole corn, $72; cracked corn. $74.; rolled '
barley, $(S; clipped barley, $82.
Hay Kastern Washington, timothy,
mixed. $383 per ton: double com
pressed. $42; alfalfa, $35; straw, $17018;
Puget sound, $-13.
Duluth Linseed Market.
DULUTH. March 1. Linseed, 8.11c.
Metal Slarket.
NEW TORK, March 1. Copper quiet.
Electrolytic, spot and first quarter, 19c;
second quarter, 19t19.
Iron steady. No. 1 Northern, M7Q48;
No. 2 Northern, $4604.6; No. 2 Southern,
$4344.
Antimony, $11.87
Lead easier. Spot and March, 9.20c bid.
Zinc Meadr. East St. Louis delivery.
spot, 8.65c bid, 8.80c asked.
Naval Store. '
SAVANNAH, Ga., March 1. Turpentine
firm. $1.97; sales 16 barrels; receipts
none; shipments, 220 barrels; stock 6735
barrels.
Rosin firm. Sales. 155 barrels; receipts.
10S barrels; shipments, 238 barrels; stock,
31,476. Quote: B. $16.67; D. $17; E, $17.15;
F, $17.20; G, $17.25; H, $17.30; I, $17.40;
K. $17.50; M, $17.60; N, $17.73; WG, $18;
WW, $1S.2&.
Hops, "Etc at New Tork.
NEW YORK, March L Hops, dull;
state, medium to choice, and Pacific
coast, 1919, 75S5c; 1918, 65 4(600.
Hides and wool, unchanged.
HIGHER POSITION GIVEN
Pastor Ogdcn Is Placed In Charge
by Seventh Day Adventists.
WALTjA WATLA, WASH, March' 1.
(Special.) The quadrennial con
ference of the Seventh Day Advent
ists of the Pacific northwest, now in
session at College Place, Wash., at
its session this morninor elected Pas
tor A. R. Ogden, ex-presldent of the
Iowa conference, Nevada, la-, to head
the work of the denomination in Ore
eon. Washington. Idaho. Montana
and Alaska for the next quadrennial
period. The appointment is effective
at once.
Pastor Onden a few weeks ago was
called to Uie presidency of the west
ern Washington conference, Seattle,
and was just assuming his duties as
such, when he was selected lor these
larger responsibilities.
Newspaper Mas New Home.
PENTRAT.IA. Wash.. March 1.
ISDecial.) The Centralia Daily Chron
icle was published today in the new
home of the Centralia Printing com
pany at 312 North Tower avenue, the
work of moving the printing and of
fice equipment being started Satur
day afternoon and completed this
morning in time lor me oesinmnB ou
work in the new auarters. The new
Chronicle building is of brick and
concrete construction and was erected
at a cost of about $15,000.
Rfad The Oreeonlan classified ds.
do 3d .4 a... 02.30 N P 4s
do 4th 4 3. . .00.041 N P 3s
Victory 3s ...07.26;Pac T & T 5s..
do 4s Hi. 32 pa con 4s.,
U S 2s reg. .. .100!.S P cv 5s
do coupon ..100i.So Ry 5s
U S 4s reg 106 U P 4s
do coupon .."106 u s steel 5s..
Pan 3s reg SS
do coupon ...'88 I 'Bid.
- 74
. 88
.
100
,841i.
. Sl
. 97 ,
Mining Slocks at Boston.
BOSTON, Mar. 1. Closing quotations:
Monday
l ear ago ... 41
Sea n to date.646
Year ago ...6403
Tacoma
Saturday .... 39
Year ago .... 2
Sea n to date. 6444
Year ago ...4688
Seattle
Saturday .... 18
Year ago
Sea'h to date.4o
Year ago ...4772
62
20
N
5M)
1006
604 2646
2
4
143 690
137 1027
5S9
609
1084
2238
EGO SHIPMENTS TO EAST ARE LARGE
Shipping Orders and Good Local Trade
Absorb Receipts.
Egr receipts are continually increasing,
but the local and shipping demand Is
strong enough to take care of all the ar
rivals and consequently the market is
holding steady.
More Oregon eggs are going to the. east
and middle w-est this year than ever be-
, fore. Two ears left for New - York last
rrlght and another was being loaded. One
local firm last week dispatched a car of
eggs to the easr every day. On the street
' there were sales case counts at 40 ee-n f.
The country buying price today will be
unchanged at 38 cents delivered.
Butter was firm, with the demand ex
ceeding the supply. There was Inquiry
from the north for fresh stock and sliip
ntenu ef storage butler were sent suuto.
Hide. Tells and Furs.
HIDES Salt hides, 45 and down, lb..
30c; green hides, 45 and down, lb, 26c;
salt hides, 45 and up, lb, 24c;'green hides,
45 and up. fb, 20c; salt and green calf to
15 lbs, lb, 7tfc; salt and green kip. 15 to
30 lbs, 40c; flint dry hides, lb, 35c;
flint dry calf to 7 lbs., lb, 70c; salt horss
hides, large, each. $S; salt horse hides.
medium, each, $7; salt horse hides,
small, each, $6; colt and glue horse hides
at value.
PELTS Dry fine long wool pelts, )b
40c; dry coarse lung wool pelts, lb, 35c;
dry fine short wool pelts, lb, 35c: dry
coarst short wool pelts, lb, 25c; dry sheep
shearings at value; salt fine long wool
pelts, Februarys, each, $3.50Gr4; salt coarse
long wool pelts. Februarys, each, $3g'3i0;
salt sheep, shearlings at value; dry goats,
long hair, per lb, 28c; dry goats, short
hair, per lb, 20c; salt goats, large. 13 r
50; salt goats, medium, each, $2 2.25;
salt goats, small, each $11.50; shearlings
and kids at value.
Oils.
FURS Good grade, extra large. large
8.50; short, $2.75Q7; narrow, $2$?5; broad.
75c$2.25; fox, red, $10645; gray, $20
6; raccoon, $2.5098; mink, dark, $410;
ordinary, $2.508; winter muskrat, $14?
3.50. wolf or coyote, soft, silky, $820;
average, $5(13; white weasel or ermine,
50cgf$2; lynx, heavy furred, $1565; ora
dlnary. $15fe50; lynx cat, heavy, $513
ordinary. $369; otter, dark, $116125; or
dinary, $8&)21, tnarten, pale, brown or
dark, $5(tf30;. lisher, pale, brown or dark,
$12080: bear, black. $14 20; brown, $1
14; wildcat, 25c(j$2; civet cat. 10c$l;
house cat, 10&6oc; ring tails, 25cf($2;
lackrabbit. 10020c; moleskins, 6&30c
UNSEED OIL Raw, parrels. $2.06;
raw, cases, $2.21; boiled, barrels. $2.08:
boiled, drums, $2.11; boiled, cases, $2.23.
TURPENTINE Tanks, $2.13; cases,
$2.28.
COAL OIL Iron barrels. 13 Sloe; tank
wagons, 13 c; cases, 24 & 31c.
GASOLINE Iron barrels, 25c; tank
wagons, 25c; cases, 35 c
' Hops, Wool, Ete.
HOPS 1919 crop, 80c per pound. S
and medium slaes: Skunks, black, $3.75t
contracts, 45c average.
. MOHAIR Long staple. 4045c; short
staple. 25 SOc.
, - TALLOW No. 1, 10c; No. 2, 8o pa
pound.
CASCARA BARK Per lb, 11 c.
WOOL Eastern Oregon, fine, 40 0 50c:
medium, 4550c; coarse, 3537e; valley,
medium, 50gf52c: coarse, 3557c.
New York Sugar Market. .
NEW YORK, March 1. Raw sugar nom
inal. Centrifugal. ll.03c; refined, easy:
unchanged to lc lowed. Fine granulated.
1416c. -
, Cotton Market. .
NEW TORK, March 1 Spot cottoa fcuiet.
Middling, 10. ilia. i
Allouez
Ariz Com
C'alu & Ariz. . .
Calu & Hecla.
Centennial ..
Cop Range ,..
r-.ast wuiie . .
Franklin
Lake Cop . . ...
Mohawk :
North Butt? '.
33 lOld- Dotn
. l!Osceola ........
. 6L IQuincv
.340 Superior
. lS.Sup & Boston..
, 42 Shannon
. 12 I Utah Con .....
3 Vinona
, 8141 Wolverine
. 62 I Greene Can . . .
10 I
31
47
57
4
5
16
8
17
32;-
Money, Exchange, Etc.
NEW YORK, March 1. Mercantile
paper, 6t per cent.
Stirling, 60-day bills, $3. SO1, : .commer
cial 60-day bills on banks, ; com
mercial 60-day bills, 3.3S; demand,
J3.4Ji ; cables, y.iA'2. Franca, demand,
14.22; cables, 14.20. Belgian francs, 13.62;
cables, 13.60. Guilders, demand. 06 13-16;
cables, Sti 15-1 6. Lire, demand, 18.27 ;
cables, IS. 23. Marks, demand, 1; cables
1.01; Sterling made a further extensive
advance In the late dealings. Quotations
were: Sterling. 60-day bills-, $3.40: com
mercial 60-day bills on banks, $3.40 ;
commercial 60-day bills, $3.404; demand,
$3.44; cables, $3.45.
Bar silver, $1.31. r.
Mexican dollars, $1.
Government bonds Irregular; railroad
bonds irregular.
Time loans, strong; 60 days, DO days and
six months, 8 Ppr cent.
Call money steady. High, 10 per cent;
low, 10 per cent; ruling rate, 10 per cent;
closing bid, 9 per cent; offered at 10 per
cent; last loan, 10 per cent; bank accept
ances, 5 per cent.
LONDON, March 1. Bar silver, 84d per
ounce.
Money, An per cent.
Plscount rt'es, . phnrt bills and three
months bills, 5 per cent.
" , Swift A Co. Stock.
Cloping prices of Swift & Co. stocks at
Chicago , were reported by Overbeck &
Cooke company oi Fort land, as follows:
Swift & Co 119
labby. McNeill & Libby t 2:
Swift International 41
National Leather 13
American Telephone Earnings Increase.
NEW YORK, March 1. Net earnings
of the American Telephone & Telegraph
company for 1D1 amounted to $60,243,388,
compared with $54,293,017 1n 1918. accord
ing to the annual report issued today. This
grain was made despite an increase in op
erating expenses of almost $3,500,000. Suc
plns Increased from S.6"L622 to $B,03E,-
Eastern liairy Produce.
NEW YORK, March 1. Butter, weak
creamery, higher than extras. 04 i o)6.c:
creamery, extras. 63H64c; firsts. 68'Si63c
packing stock, current make, No. 2, 38M:C.
fcggs, unsettled; fresh, gathered extra
firsts, 6Sc; firsts, SHolc.
Cheese, irregular; state whole milk flats.
eia specials, r.wjic; ao, average run
SOe;1 state whole milk twins, held spe
cials, 2929c.
CHICAGO. March L Butter. firm.
Creamery, 49 63c.
Kggs, unsettled. Receipts, 11,920 cases;
firsts. 49&50c; ordinary firsts. 464Sc
at mark, cases included, 4749c.
Poultry, alive, higher. .Springs, . 34c
fowls, 36c , ,
Dried Fniit at New Tork
NEW YORK. March 1. Evaporated ap
ples, dull; w"e stern, 1820c; state, 19(g),
23c.
Prunes, steady; California's, 10 30c;
Oregon's, 12 fa) 22c.
Peaches, quiet; standard. 17 He; choice,
lPc: fancy, 21c -
GRINNELL
iH Jkill
' ' the (Voter
v Stats
EEEOEnccEnn,
FACTS KO. 607.
A Delightful Trip
"Before the end of
this summer it -will
be possible to travel
from San Francisco
to Portland "on
high." and the jour
ney will be all the
more pleasant b e
cause a great per
centage of the famed
. Pacific Jli grhway
" .will be paved with -
tfARRENITE BITULITHIC
WARRE.V BROS. CO.
nnnanancna
Wbitbt
Put Suntt
2,000 men rifl see the business
efforts of a life-time destroyed by
fire this year. The insurance
companies will return them a
part of their actual property Joss,
but they can't repay them for
the equally large losses due to
lost profits, interrupted opera
tions, and general demaraHzatioa.
Make your own business
, SAFE with GdnneO Automatic
Sprinklers. Ask your insurance
broker.
GRINNELL COMPANY
of The Pacotc
1517 L. C ,Wrh BtiiLft
Sesak, WasisBgaa
HALL COMPANY
BUT AJfrJ'' SELL
Railroad -
Public Utility
, Industrial
Municipal
BONDS
YIELDING
. 5 to 1co'
Foreign Government Loans
Local Securities
Preferred Stocks
Lewis BIdg., Portland, Or.
FBKB FROM ALL FEDERAL IACOXB TAXES
PORT OF
Bay City, Oregon
6 Port Improvement Bonds
DE0MIAT10S flOO, ."00 AM) S100O
Dae Serially, as Skewa Brlewi
Matarity
Duel May 1, 1 !'-.(. .
.Don May 1, Wl.,
Butt May 1, W11..
Duel May 1, JOSH..
Does May 1, IH-'B. .
Don May 1. ID.IO. .
Daet May 1, l:tl..
Duet May 1, IflXI. .
Ilnei May 1, HKt.l. ,
Dnei May 1, 11134. .
Detjomtnatloaa
Siono
, . i'ijana
, . 22.MK
., 22.0O0
S,VM
.i,n
.t,MMI
S.IMIO
3,MM
S.OOO
f lM
.MM
J.OOO
1.DOO
3,000 ' 1,IMM
..... l.lMtO
M l.noo
.... J.MM
.. l.uoo
rrlf
f 102.23
III2JVS
102.lt .1
ioa.23
)0.1JV
l n;i.K
)4.I3
104..1
104 JI4
10.IS
GKXilRAL OULIGATIOX IIOXDS
The assessed valuation of the taxable property In the district Is
$7.374.336. 00 and the total bonded indebtedness Is tiiS7.O04.00. The
Port of Kay City. Oreaon. Is located on Tillamook l!ay. a natural
harbor surrounded with fertile farm-lands, producing agricultural
rnd dairy products. The adjacent country is alio rich In vlrrtn
timber, there beins over 24.000.000,000 feet of merchantable tim
ber under private ownership. All the taxable resources of the Tort
i District are pledged to pay interest and principal as they be
come due.
' Prices: To Net 5.50
LIBERTY AND VICTORY BONDS
If you sanst sell yenr Liberty er Victory hondi. sell In ns. If yoa raa bay sssn
Liberty or Ictory bonds, buy from us.
On March 1. 1920, the closlnc New Tork market pries mrr as ! rlow.
They are the lovernlns; prlcrs for Liberty end Vi-:rr bonis all , the
world, end the hithnt. We av,rttr thrM price dl y in onl t that you !rsy
always know tne New York market and tin eiact vi,ua of your Liberty su4
Victory bond:
1st 1st 2d 1st 2d M ih Victory
t" 4" 4, 4's 4'4 l
Market... '.)4.0 130 OO tMMO f 0 20 M H4 32 .'J f'.XXU Hi; .'4 n7 .S4
Interest... .75 .ht 1.19 .HI 1 ;u 11)7 1 UJ .so l.iij
Total.. W.0S $00.86 t'.tO.ftS JSI.ll" f. 2 IH.1 flll. M 04 IM:
'When buying we dedurt 37c on a S'.O bond and 12 .'.0 on a 11000 bond. We sell
at the New York market plus ths accrued In I rot.
Uurclar and Fireproof Safe Deposit lloxee for Real.
Open Cntll S P. K. en Satordaya,
MORRIS BROTHERS, Inc.
The Premier Mnnlcipat Bond Ilooae. Capital One Mlllloa Iollara.
MOKRIS BULKlNti, .109-311 HTARK STRKET. IIKTW'KKN TII AM ITR.
Telephone Broadway 2151. :.tall!iied Oyer a Quarter Crntury.
rWATTONAL CltYlIEg
BOIUDINOy
How to Invest for
Security and Income
WITHIN a lifetime the average yield
from high-grade securities has
never been more liberal. The broad range
of bonds, short-time notes and preferred
stocks in our March list includes many at
tractive investment issues.
Examine this list and note the high yield
from bonds of the United States and For
eign Governments, municipalities, rail
roads and public utilities, and the bonds
and preferred stocks of the industries so
essential to. the business and life of the
countiy. This comprehensive circular on
request for OR-289. .
The National City Company
Correspondent Offices in Over 50 Cities
PortlandyYeon Building
Telephone Main 6072
Acceptances , Preferred Stock
Bonds
A
1
"Play Safe"
Opinion of Leading BtuinemM Men
on Present Commercial Situation
We recently asked the manufacturers and
wholesalers of the country: "What, in your
opinion, is the course that a prudent mer
chant in your line of business should pursue
in buying and selling goods, when prices
ihow a declining tendency?"
Literally hundreds of leading firms have
already responded. Most of the replies were
based on actual conditions -present and pros
spective as seen by each individual firm.
Of tremendous significance is the common
' note which run through practically all of
these letters. It is a note of courage, of op
timism, of progressiveness, yet withal, a
note of caution.
In brief, the re-lixafioa seems to hsva 45ome to Amer
ican business msn s-eneraUy that rt4 mrv is the time to
mfauar" cjydnt mtviuiU dtflabm. As one banker
writes, "It is a dmo for plsyuvf ssps."
What is jxr opinion f Send k In consensus of s!l
replies, in booklet form, will be saot tree to all who
contribute their advice.
CAMERON CREDIT INDEMNITY CO.
or NEW YORK LM. TREAT, umidmt
"THS MUMMY THAT IMW THI UMI I MIT PLIT-
H. T. MacRILL, General Agent
Board of Trade Bid?.
Phone Main 1179 Portland, Or.
.J
31
WANTED
Sales Manager
1
Corporation
ANGLO -FRENCH BONDS
To net
, 1 1;:
Due October 15, 1920.
ROBERTSON & EWING
. 207-8 N. W. Bank Bid?.
BY.
Must be financially responsible.
For Particulars 'Address BJ 398, Oregonian
:. - -v. -
6 First Mortgages 6
$200(V Rose City Park'. Bungalow
. $2000 Waverleigh Heights Bungalow
$1800 Rose City Park Bungalow
$1000 Good Farm In Oregon, -$2500
Good Farm in Oregon
, - First Mortgage Bonds
In denominations 1500 and J1000. Security tn every case la JV4
times the amount of the loan. Maturity S to 6 years.
PACIFIC COAST MORTGAGE CO.
810 Ry. Kxch. BldK. -Main 75
72 S
'0
n Short Term
Province of Alberta
Gold Bonds
' Guaranteeing: University of Alberta
4Vz interest; Due January, 1924.
Price 90.60 ;
and interest.
PAYABLE IN U. S. GOLD C0IX
umbermersfrust (fa
. Dorvds -Trusts-Acceptances
Cepit.l Jk Surplus t6oe.M
SA n-arciac lssr-is Bide. Sfa.ftl
Portle.rd, Oraqorv.
YAMHILL COUNTY
5y2$ Bonds
Bast Oregoo Coanty Bond Ever Offered
Price S.10 Basis
E L Devereaux sScfimpany
it nxta at.
Munlrtpel Bon lis BreaSwsrv lt
Ground Fiver Wslis- srfo BM.
r
I
f
t.
t, . . .
V
i ;-
! r
I -
.-. "
HI.
TT7
. .