THE 3IORXIXG OREGONIAX TUESDAY, APRIL
21
030
LOW PRICE CHECKS
SALES OF MOHAIR
Growers Not Satisfied With
This Year's Values.
DEALERS OFFER 35 CENTS
-Reduction From Last Year's Quo
tations Causes Sellers to Hold
Back Part of Clip Shorn.
Prices offered Tor mohair are lower
than last year and for tbls reason selling
or Oregon growers !s blocked for the
present. Most dealers declare that 35
cents is all the new clip Js worth. There
have ibeen a few offers of 40 cents by
country speculators, but It Is not known
that they have taken any hair at this
price. Only a part of the clip has been
horn and the goat raisers seem disposed
to wait for the pool sales. The next two
r three weeks will see more mohair avail
able and the season's price should then
be established.
Reporting on the South African situa
tion, the Port Elizabeth correspondent of
the Oregon Angora Journal writes under
date of February 11:
"Prospects of new clip mohair, which
will be shorn in March or April, are none
too bright as regards quantity, but as to
quality, the new season's hair should be
ery fine Indeed, owing to droughty con
ditions, which continue throughout the
producing districts.
"The average clip of summer firsts Is
about 10,000 to 12.000 bales, while the
ellp of summer kids varies between 1500
and 2340 bales. From reports which are
coming in from the country, however, it
Is very doubtful whether there will be
more than JS000 or TOOO bales of first, and
as to kids. It Is difficult to see where
more than 750 bales are to come from.
Indeed. It is Tilghly probable that there
win be even less.
"The extra quality referred to wilt prob
ably be gained at expense of considerable
loss In character and solidity, and also, of
course, at the expense of length. The best
hair gives promise of being very fine in
deed, but the bulk of the clip will be
of an open mushy type, lacking all char
acteristics that go to making super sum
mer firsts, excepting quality, which, as
already stated, will be exceptionally fine.
"In respect to the winter clip .in ' the
ordinary way It should all have been de
livered In full at Port Klizabeth by early
December. There is still a fair amount
of this to come 1n from the country, how
ever, as farmers who sold summer firsts
early lapt year found that the market rose
from opening prices, and naturally they
have been waiting for the same thing to
happen to winter hair. Consequently thsjy
have ben holding it back for a better
. market.
"Dealing briefly with the market condi
tions at the moment, the position Is that
the stocks of summer firsts are about
2OO0 to 3OO0 bales, all of last season's
growth. At the height of the season
these sold at 2fld per pound, but during
the last two or three months there have
nly been small transactions, sales being
ut through at 27d to ad.
"In winter hair the position is that some
business has been done at 24d, ail for lo
cal speculative account, excepting in one
ease, where BOO bales were shipped to Eng
land. Since then nothing has been doing
There is a certain amount which would
willingly be sold at 24d nor if buyers
were ready. The statistical position of
winter hair is roughly as follows: In stock
here, partly old season's. SSflO bales: to
come from the country. 1500 to 2000 bales,
balance of this season's.
"Of winter kids there are probably about
SOO to 750 bales In nock In Port Ellza
befch, and but few if any to come still from
the country. Starting at 28d the mar
ket has risen to 45d, though as yet very
little business has been done at the lat
ter figure. There ts an inquiry from
America at this figure, and negotiations
are still pending between the prospective
buyer and the sellers. At the price trie
buyer Is said to be extremely particular
In his requirements."
Cl.rH WHEAT FRKMICM SO CEJCTS
Two Hundred Tona of Corn Sell on local
Board at Advance.
Club wheat climbed to the highest Point
of the season yesterday when a premium
of 30 cents over the basic price was paid.
A sharp demand and scarcity of offerings
caused the advance. Hard wheats were
unchanged at S560 cents.
Corn was firm on the local board. One
hundred tons of April shipment sold at
S5.50, an advance of 25 cents over the
previous season, and 100 tons of April de
livery at $85, an advance of $1. Oats bids
ranged from unchanged to 50 cents lower.
Grain bags were strong and carlots were
quoted at 104 019 cents coast.
The weekly crop report wired from
Washington said: "Corn planting pro
gressed In the south during the week
under favorable weather conditions and
Is progressing as far north as portions of
South Carolina. Tennessee and southeast
ern Missouri. Winter wheat shows wide
spread Improvement In all directions. Seed
ing" of the spring grains made rapid prog
ress west of the Mississippi, advancing
northward to central Nebraska, although
wet soil caused considerable delay in Iowa
and also In central district east of the
14 isslsslppl.
Terminal receipts. In cars, were reported
by the Merchants' Exchange as follows:
Portland Wheat Barley Klour Oats Hay
216,557,000 bushels of wheat; last year's
total flour exports - Include American re
lief administration and American expedi
tionary shipments.
NEW POTATOES ARE IJT MARKET
First Shipment Comes From Los Angeles
and Sells at High Price.
The first new potatoes of the season ar
rived yesterday from southern California.
They were of the white variety and large
In size for this early date. The potatoes
sold at the exceptionally high price of 18
cents. The Lab Angeles market is falling
fast and the next shipment should be of
fered at a much more reasonable price.
New potatoes from Texas and Louisiana
are expected shortly.
Old potatoes were as firm as ever. Small
116.50. Oregons were unchanged In the
Jobbing market. ,Two cars of Takimas are.
due today and they will sell at not less
than 8. '
PBLXT BX'TTER PRICES ARE SHADED
Cutting by Creamery Sellers Indicates
Weakness of Market.
The butter market was weak. The city
creameries announced no changes in their
quotations, but there - was more or less
shading of prices nevertheless. Cubes
were slow and sold for the first time under
the 00-cent mark.
There was no change in the egg situ
ation. Receipts were large and the sur
plus passed Into storage.
Poultry was scarce and firm. Heavy
hens sold at 37 cents and light hens at 35
cents. Broilers were worth 40 cents.
Dressed meats were unchanged.
Grain Congestion at Buenos Aires,
The market and crop situation abroad
was cabled by Broomhall as follows:
"Buenos Aires cables that the conges
tion at the ports Is becoming serious. This
Is the busy shipping season. Exporters
have sold heavily to foreign countries and
are finding difficulty with dock labor, part
of which is still on a strike.
"Good rains in the United Kingdom and
crop conditions good in France. Area in
Germany 2,000,000 acres below normal, but
wheat crop Jn fair condition. Prospects In
Italy satisfactory."
Bank Clearings.
Bank clearings of the northwestern cities
yesterday were as follows:
GAINS AT STOCK CLOSE
TRADERS ARE EXCOTJBAGED
BT RECOVERY IX EXCHANGE.
Is
Portland.
Seattle. . .
Tacoma. .
Spokane..
f hearings.
$8,941,542
7,808.791
716.6B4
2.552,100
Balances.
$1.799. ltt
2.424.515
91.12U
l.lsU.391
PORTLAND MARKET
QUOTATIONS
Grain, Flour, Feed, Etc.
-Bid-
April.
.$00.50
May.
S60.0O
bulk:
tH 50
40.00
59.50
6T..0U
40.50
60. OO
ei.oo
65. U0
per
Oats
No. 3 white feed
Corn
No. 3 yellow . . .
Millrun . . .'
Eastern grain.
Oata
36-lb. clipped .
3b-lb. clipped til.OO
Corn
No. 3 yellow 85.00
WH1S AT Government basis, $2.20
bushel.
FLOUR Family patents, $13.15; bakers'
hard wheat. 13.70: white wheat, $12.05;
graham, $11.80:. valley, $11.40: straights.
$11 per barrel.
MILLFKED Prices f. o. b. mill, city
cartage $1.50 extra. Mill run, car lots of
mixed cars, til per ton: rolled brley.
$72; rolled oatf, $ti5; ground barley, $72;
scratch fees, S2.
CORN Whole, $74; cracked, $76 per
ton.
HAY Buying prices, f. o. b., Portland:
Alfalfa, $30.50; cheat, $19; oats and vetch,
$26; valley timothy, 27 ! 28.
Relaxation of Money Market
Also Favorable Factor; In
vestment Bonds Higher,
NEW TORK, April 5. Stocks were de
cidedly unsettled in the first hour of to
day's trading, as a result of the incidents
la Franco-German situation, but the mar
ket soon strengthened and closed with
many substantial gains, especially among
selected issues.
Interest in the market Itself was most
often subordinated to the movements of
foreign exchange. Demand bills on Lon
don, continued to rise to $4.06, an adv
ance of almost 8 cents over last week and
the highest quotations since Xecember of
last year.
Although last week's statements of the
federal reserve and clearing house banks
were not especially favorable, the money
market relaxed visibly. Call loana were
freely made at 6 per cent after opening
at 7 per cent.
General Motors Vnade up its cash and
stock dividends closing at 3854, a gain
of m. Crucible retained all but a small
part of its 10 point rise at 270 V, and
Studebaker was confidently taken, gain
ing almost 4 points at a fraction under
110.
Other motors and their accessories, also
steels, equipments, oils and leathers ended
at variable gains. Sales B0O.000 shares.
Investment issues, including interna
tionals, were mostly higher in the bond
market but liberty Issues and speculative
rails Reacted within narrow limits. Total
sales, par value, aggregated $15,250,000.
Old United States bonus advanced a per
cent on call.
CLOSING STOCK QUOTATIONS.
Sales.
Am Beet Sug. 7,400
Am Can 800
Am Car & FUy 4.2CO
Am H & L pfd 400
Am Loco S.oOO
Am Sm A Kfg hH)
Am Sugar Rfg 4.700
Am Sum Tob.. 2,700
Am Tel Tel. 8oo
Am 2 L sc Sm 8t0
Anaconda Cop 5,5(10
Atcnison 1.900
G & WISS 3.300
Baldwin Loco. 67.0OO
Bait & Ohio. . 2O0
Beth Steel B.. 14.300
B & s Copper l.ooo
Canf PeSrol . .
Canadian Pac.
Cent Leather.
Ches & Ohio. .
Chi M & St P.
hi N W. ..
.'hi K I ft Pac
Chino Copper.
ol in A Iron
Corn Products 62,300
nicibtp Steel. 10.600
Cuba Cane Sug
H t a rrous.
Erie
Oen Electric.
Gen Mot ex dv
Gt No pfd. . . .
Gt No Ore ctfs
Illinois Central
Insplr Copper.
Hit M M pro..
Inter Nickel..
Inter Paper . ..
K C Southern.
Kennecott Cop
J.ouis & .Nasn
Monday . .
Tear ago. . . . .
Season to date.
Tear ago ......
Tacoma
Saturday
Year ago
Season to date.
' Tear ago
Seattle
Saturday
Tear ago
Season to date.
Tear ago
3
36
7566
6803
11
1 1
62W
5009
10
12
5424
503
171
5S
77
32
234
71
30
13
8471
2226
2737
5
2
95
lOtjft
41S
621
168
143
2
631
621
13
8
1SRI
2027
1
1
763
1113
1333
2380
Dairy and Country Produce.
BUTTER Cubes, extras. 5960c pound
prints, parchment wrappers, box lots, 63c
per pound; cartons, 64c: half boxes, c
more; less than half boxes, 1c more; but-
teviat. No. 1, 62?d3c per pound at sta
tions; Portland delivery, ordinary graatrs,
B4i-.
KGGS Jobbing prices to retailers. Ore
gon ranch, case count, 38&39c; candled.
40c: selects, 42c.
CHBliSIS Tillamook, f. o. b. Tillamook;
Triplets, 32c; Young Americas, 33c; long
horns, 33c Coos and Curry, f. o. b.
Myrtle Point; Triplets, 31c: Young Amer
icas, 32 tie.
POULTRY Hens. 537c; broilers
40c; ducks, 45c; geese, 2025c; turkeys,
live. 40c; dressed, choice, 50c.
VEAL. Fancy, 24c per pound.
PORK Fancy, 21J,4c pound.
Fruits and Vegetables.
FRUITS Oranges, $2.757.50: lemons.
$5.50(gU.25 per box; grapefruit, $3.25(0)7.50
per box; bananas. 10 11c per pound; ap
pies, $1.25 to 4 per box.
VEGETABLES Cabbage, 564c pound;
lettuce, $34 per crate; cucumbers,
$1.25p3 per dozen; carrots, $2 per sack;
celery, $78 per crate; horseradish, 15c
per pound; garlic, 4045c per pound; cauli
flower, $2.i04v4.2o per crate; tomatoes.
$4 per box; parsnips, $4 per sack;
artichokes, $1.75 per dozen: peppers, 405'
5uc per pound; spinach, $1.65 per box;
rhubarb, 10012c pound; peas, 15&17c per
pound: aspai-agus, 12lsc per pound.
POTATOES Oregons. $6.50t7 per sack;
lattimas si.ooer; sweets, lKuloc pound
ONIONS Oregon, $6.206.5O per sack
Australian Browns, $7 per sack.
Staple Groceries.
Local Jobbing quotations:
SUGAR Sack basis: Cane granulated,
16c per pound; extra C, 15.60c; Golden C.
$15.50; Yellow D, $15.40; cube. In barrels.
$16 85; powdered. In barrels, $17.45.
NUTS Walnuts, 323c; Brazil nuts,
30c; rilberts. 35c; almonds, 35&38c; pea
nuts, 15$pl52C; chestnuts, 25c; pecans.
32c; hickory nuts, 15V16C; cocoanuts, $2
per dozen.
SALT Half ground. 100s, 17.75 per ton;
50e, $10.50 per ton; dairy. $26.50028 pr
ton ; best rerined, 50s, $36.o0.
RICE Blue Rose. 16c per pound.
BEANS White, 8 54c; pink, 84c: lima.
13c per pound; bayous, 10c; Mexican reds,
ac per pound.
COFFEE Roasted, In drums, 89051c
RECEIPTS
Small Gain
FROM FARMS LARGER
Arrivals During Last Week
Reported. '
The 47th weekly bulletin covering wheat
and wheat flour movement throughout the
United States for the week ending March
. n comparison with figures for
same period a year ago, follows:
1920. 1910
the
. Bushel
S.889.000 2.240.000
3,606.000 2.386.000
Wheat receipts from
farms
Wheat receipts from
farms precious wk.
Wheat recelots from
June 27-Harch 28.716,607.000 701.308.000
, Barrels
Flour produced dur
ing week 1.838.000
Flour produced dur
ing previous week 1,026.000
Flour produced June
27-March 26 105,360.000
Total stocks wheat
alt elevators and
mills 163,476.000
Total stocks wheat
all elevators and
mills previous wk . 169.176.000
Change for week,
ti -crease 5,700,000
1.x ports or wheat and flour July 1. 1919.
to March 26. 1920, amount to 81,525,000
bushels of wheat and 12.837,000 barrels of
flour, making a total equal to 149,290.000
bushels of wheat compared with 129,471,000
bushels of wheat and 19,353.000 barrels of
flour Isst year to March 28, 1919. the first
26 days of March being prorated from the
monthijr total, which makes a iM Q
2.614.000
2.506.000
91.350.000
175.101.000
189.807.000
14.706.000
Provisions.
Local lobbing quotations:
HAMS Ail sizes, 3tl38c; skinned. 290
39c; picnic. 24 & 25c: cottage roll, 30c.
LARD Tierce basis, 25Vc; compound,
25c per pound.
DRY SALT Shorv.. clear backs. 25029c
per pound; plates, 23c.
BACON Fancy, 44 52c; standard, S3 0
41c per pound.
Hides and Pelts.
HIDES Salt hides, under 45 lbs., 28c
green hides, under 45 lbs.. 25c; salt hides
over 45 lbs., 21c; areen hides, over 45 lbs.,
18c; green or salt calf, to I lbs.. 57c;
green or salt kip, 15 to 80 lbs., 30c; salt
bulls, 17c; green bulls, 14c; dry hides, 2c;
dry salt hiiies, 26c; dry calf, under 7 lbs.
55c: salt horse, large, $8; salt horse, me
dium, $7; salt horse, small, $6; dry horse,
large, $4; dry horse, medium, $3; dry
Dorse, small, $2.
PELTS Dry pelts, fine long wool, 85c
dry pelts, medium long wool, 30c; dry
pelts, coarse long wool. 2oc; salt pelts,
long wool, March take-off, $3 to $4: "dry
goat, long hair, pound, 28c; dry goat.
short haxr. poui-q, aoc.
Hops, Wool, Etc
HOPS 1919 crop, 87c per pound; three
year contracts, 45c average; one-year con
tracts, noc.
MOHAIR Long staple. 353Sc; short
tanle. 2DU 30C
tallow jno. x, uiic; iv o. x,. luftc
oer nound.
CASCARA BARK Per pound. 10011 Mc
car lots. lZVsC
WOOL Eastern Oregon, fine, 40 0 50c
valley, medium. dU03; coarse. 35&5c.
GRAIN BAGS Car lota. 19ft019Kc
Oils.
LINSEED OIL Raw, barrels, $2.06;
raw, cases, (2.21; boiled, barrels, $2.08;
boiled, drums. $2.11; boiled. Cs, $2.23.
TURPENTINE Tanks, g6; cases,
$2.61.
COAL OIL. Iran -barrels. 14 M 617c;
cases, 27 34a.
GASOLINE Iron barrels. 27c; tank
wagons, 27c; cases, 39Vc.
FUEL Oil. Bulk. $2.10 per kssaW
r.oo
61 M)
2.800
300
1,200
500
6. SOO
i,;ioo
2O0 "
1,700
2.000
1,000
MOO
2.70O
1,600
300
300
4.VOO
1.0O0
3.900
2.6'"0
3I0
4,200
100
Mexican Petrol 1S.20O
Miami Copper.
.vidvale Meel.
Missouri Pac..
Montana Pow.
Y Central. .
Y N H & H
Northern Pac.
Pan-Am Pet. .
Pennsylvania. .
Pitts & W.Va.
Pittsburg C'bal
Kay con cop..
Reading
Reo Ir & Steel 42.00O
.Sin oil & rtrg. io
Southern Pac. 17.400
Southern Ry.. 2.80O
Studebaker Co 30.2K0
Texas Co 7,000
Tobacco Prods 9(U
Union Pacific. . 2.200
Untd Retl Strs
U S Ind Alco.
U S Steel
do pid
Utah Copper..
Westine Elect
Willys-Overlnd
National Lead.
Ohio Cits Gas.
Royal Dutch..
loo
l.ooo
1,200
1.500
2.800
1.91M)
20.i0
5.0M
SOO
200
R0O
8.:ioo
l.ouo
6.900
67. SOO
oo
400
500
3.6O0
1.500
r.oo
S.200
Last
High. Low. Sale.
9174 89 91
48 k 47 V 48 V.
143 141 142V
115 1I3!4 113
103 102 103U
67 Vs 67 67 Mi
133 '4 132 132-5,
Ut) ' 07 1)0
97 BO's 96-4
19-i 19
63 62H 63"i
81 81 81,
171 169 170V4
13614 132 "4 135
34 33 3.1
96 SM ' 95
27 '4 26'4 27
3Sj 38 "4 38
3 24 122 '4 124
88 '4 84
56 56 56
37 'A 38 37 'i
85 '4 85 85
35 V, 34 84 i
3U 36' 36
39 89 30
994 W 98
271 , 2ii8 270 i
52 50 51
64 63 63 .
14 13 13
1RO 138 16(1"
38". 368 38".
79 7S 7874
38 38 V 38 V,
90 90 90
59H 58 59
94 93 i3 '
23 23 23
84 82 84
37 37 17
31 31 31
304 3M 104
196 11 4 lllO
23 23 23
46 4rt 4B
27 2 26 'j
6 67 67
72 72 72
32-i, 32 32 7
79 7 78 78
101 98 V4 lOOVi
42-4 421, 42 7,
30 29 29
f.2 62 62
19 19 19
S." 82 83
108 105V4 107
43 42 43
99 98 9
23 22 23
1 0il's 104 1l97,
207 202 206 a
72 70 71".
319 117 119
78 77 78
!M 92 94
104 102 104
112 112 112
76 76 7i
52 52 52
24 24 24
S8 83 ii 88
44 43 4 3 It
105 104 14574
ments which led officials of the exchange
to fear that there was a corner. The ex
change announced today that failure of
members to deliver the stock under exist
ing conditions would not be regarded by
the exchange as failure to comply with a
contract. Under ordinary conditions fail
ure by members to deliver stock is tanta
mount to Insolvency.
The exchange announced that the latest
ruling as to Stuts would hold pending de
termination of the question of liability by
action at law or other proceedings. Allan
A. Ryan, chairman of the Stuts board,
has engaged the firm of William Travers
Jerome as counsel.
In over-the-counter trading today Stutz
was quoted by one house at 88O04SO.
Swift Co. Stocks.
Closing prices of Swift & Co. stocks at
Chicago were reported by Overbeck &
Cooke company of Portland as follows:
Swift & Co Zk-tk,,
Llbby. McNeill & Llbby 300 30
National Leather 14
Swift International 44
Liberty Bond Quotations.
NEW YORK, April 5. Final prices of
liberty bonds today were: 3s, S96.64; first
4s. S01.20; second 4s, $89.66; first 4s,
$91.28: second 4s. $89.70: third a,
$92.98; fourth 4s, $89.90; victory s,
$97.94; victory 4, $97.80.
SAN FRANCISCO PRODTJCK MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc.. at Bay City.
SAN FRANCISCO, April 5. Butter Ex
tra grades, 58 c; prime firsts. 57c
Eggs Fresh extras, 43c; firsts. 40 c:
extra riullets, 37c; underslxed. 33c.
Cheese Old style, California flats, fancy,
SOVic: firsts. 27c: Young America. S2c.
Vegetables Bell peppers Los Angeles,
1530c; Hubbard squash, 4?5e per lb.;
stusrmer squash, per crate, r-& z.n; to
matoes Mexican, xotzz.av; lancy. io
per 30-lb. lug; potatoes Rivers, $7,250
7.75 per cental; plow-outs, $6.7607; sweet.
60c per lb.; new potatoes, 12ai:icper
M.: onions. Australian brown. $5.7C6;
cucumoera, hot house, $3.2503.75 per box:
garlic, 3S&f0a per lb.; artichokes, per
dozen. 4075e: turnips, $1.70': carrots.
$1.2301.50; beets, $2.503 cauliflower.
per dozen, 75c$l; lettuce, southern, Sl.i-o
1.7S; Sacramento. $1.50jl2 per crate; im
perial Valley, $2.5O03; peas, 714c: aspar
agus, 6010c; fancy graded, iwi:tc;
green asparagus, 5 fir 8c: spinach., - p .
rreen onions. 1101.25 per Imi: celery, per
crate. River, $1.0O2.5O; Waisonville, $30
4.. Ml.
Fruit Oranges, Navels. $3.25625 ac
cording to size; Valenclas, $3,50p5.50;
lemons, $3.2!5: grape fruit, I2.;a spa.iK;
tangerines. $304 per half orange box:
toananas. Central American. 8 09c: Ha
waiian. 901OC per pound: pineapples.
44p6 per dozen: apples, Newtown pippins,
8-tler. $2.50 tfr2.73; 4-tIer. $2.2502.50;
4-tler. $22.25: rhubarb. Bay stock, per
box, $1.7502; strawberries. Imperial Val
ley. $404.50 per crate: loquats, per pounu,
10015c: avocadoes, $4?5 per dozen-.
Receipts Flour. 14,062 quarters; wni-av.
10.878 centals: barley, 1737 sacks; beans.
838 sacks; hay. 1085 tons; eggs, 106.528
dozen; corn, 1438 centals: potatoes, 8055
sacks; hides, 1326: oranges, 6000 boxes.
F.ostern Dairy Produce.
VKW YORK. April 5. Butter, firm; re
ceipts 2051; creamery higher than extra.
0868Vic: extras 92 score. 970 97c;
firsts, 88 to 91 score. 6365c; packing
stock, current mike. No. 2, 37c.
Ktcs Steady: -receipts. ,,o:hj. rresn
gathered extra firsts, 4440c; firsts.
420 44c. '
rTheese Trreirurr receipt. 2i.t9: statf
Mining Stocks at Boston.
BOSTON, April 5. Closing quotations:
Allouez 34 INorth Butte
Ariz Com ow uora ....
Calu & Ariz.... 64 V2 Osceola
Calu &. Hecla. .3o2M: Qulncy
Centennial
Cop Range . .
Last Butte . .
isla Royalle .
Lake Copper.
Muhawk ....
1 3 IShannon . . .
. 44 llitah Con .
. 15 Winona . . . .
. 84 1 Wolverine .
4 1 Greene Can
. . 69 IGranby Con
16
33
. 47
. 58
1.
8
. 1
. 3 81
, 36
. 4tt
Money, Exchange, Etc.
NEW YORK, April 5. Mercantile paper,
66 oer cent.
Exchange strong. Sterling, 60-day bills.
$4: commercial 60-day bills on banks, $4;
commercial 60-day mills. $3.U ; de
mand, $4.04; cables, $4.04. Francs, de
mand. 14.47: cables. 14.45; Belgian francs
demand 13.64; cables. 13.62. Guilders, de
mand, 38: cables. 38. Lire, demand,
20.47; cables, 20.45. Marks, demand, 1.50;
cables. 1.52.
Sterling reacted sharply In the late deal
ings. Sterling 60-day bills, $3.i ; com
mercial 60-day blfls on banks, $3.97;
commercial 60-day bills. $3.97; demand.
$4.01; cables. $4.02.
Government ana rauroaa oonuo, irreg
ular.
Time olans strong: oo days, 9Q days ana
six months, s per cent.
Call money easy. High 7 per cent, low
6 per cent; ruling rate, 6 per cent; closing
bid, 6 per cent; offered at 7 per cent; last
loan, 6 per cent.
Bank acceptances, S per cent.
Bar silver. $1.26.
Mexican dollars. 96 e.
GRINNELL
i
"Commercial
Crises"
Valuable Book Free
One well-known business man remarked,
"The American Company's frequent pub
lications are not simply interesting and in
structive; they are a most worth-while
contribution to modern business literature."
"Commercial Crises" is of the same high
standard that we aim to make a characteristic
of all our books. It thoroughly discusses
the present economic situation, showing the
fundamental causes of previous crises, and
suggesting precautions for averting any fu
ture panics.
Every manufacturer, wholesaler and banker
who reads this book will want to keep it
handy for frequent reference. Write or
phone for your copy today. -
AMERICAN CREDIT" INDEMNITY CO.
Of NEW YORK E. M. TREAT, pttsioeirr.
ISSUES ITtSOUtO UNLIMITED FOLICiES
H. T.
MacRILL. GENERAL AGENT
. Board of Trade Bids.
Phone: Main 1179
Portland, Oregon
whole milk flats, held specials. 80031c;
do average, 28jy29c; state whole milk
twins, held specUls, 28 030c; do aver
age run, 27 0 28c
CHICAGO. April B. Batter, higher.
Creamery, 40B6.c
Kggs Unsettled. Receipts. 18,970 cases;
firsts, 41 442c -.-ordinary firsts. 37 038c;
at mark, cases included. 4141c
Poultry Alive, higher. Springs, 3So:
fowls, 42c- -
... . Naval Stores.
SAVANNAH. Ga.,- April 5. Turpentine,
61
firm. $2 33; sales, 25 barrels: receipts.
barrels; shipments. 1190 barrels.
Rosin, firm: sales, 25 barrels: receipts,
25 barrels: shipments. 816 barrels; stock,
none. Quote B. $15.75016: D. E, $17.35
17.45: F, Q. $17.40W 17.4S; H, $17.45:
I. $17.75: K. $18: M. $18.25; N. $18.40S
18.75; WG, $18: WW. $19.25.
. rains raoif domisiojt coverjtjckst taxxtiost
Greater Winnipeg
WATER DISTRICT
GOLD BONDS
'
"We own and offer the following; issues of GOXiD BOJJT55
of the GREATER WINNIPEG WATER DISTRICT, which
are payable in GOLD COIN of the United States in New
York or, at the-quarters of MORRIS BROTHERS, INC
Amount
Rate Maturity Price
93,000 "Greater Winnipeg Water District.. S
9,000 "Greater Winnipeg Water District. . 5
1,000 tGreater Winnipeg Water District. . S
Denotes Bonds of $1000 Denomination,
of $500 Denomination.
J&J 1922 94.91
F&A 1923 93.73
J&D 1923 93.07
tDenote Bonds)
The GREATER WTJTNIPEO WATER DISTRICT consists
of a total area of 1.79 square mile and includes the city of
Winnipeg-, St. Boniface and other prosperous communities.
Winnipeg; is the capital of the province of Manitoba and has
a population 0f approximately 221.000. The net debt of tb
entire district is less than 4 per cent of Its assessed valuation.
ABOVE PRICES: TO YIELD V2
Hops. Etc. at New York.
NEW YORK, April 5. Hops, firm: state,
medium to choice, 191, 095c: 1918. 80
85c; Pacific coast, lull. 00&U5c; la u,
8085c; hides and wool, unchanged
mm
K3M
When the
Fat Sum
the Wtttr
Sura
WOULD you like to know
whether YOUR property
can be made safe from fire at a
profit? Write us for our "Infer
mation Blank." Fill out the an
swers to the questions and send
it back to us.
WecantyouwhataGrinneJl
Automatic Sprinkler System
would cost, and you can find out
how much it would save on
insurance preouuma.
When it's so easy to know,
why keep on guessing?
GRINNELL COMPANY
of Thb Pacific
. 1517 L. C. Smkii H..tft-g
Syarrtr, Washington
Stats Shorts Are Protected.
NEW TORK. April S. The New York
stock: exchange took further action today
to prevent shorts In Stutx Motor from be
in k squeezed as the result of price move-
H We Offer For Immediate Con- B
M firmation Our Allotment of H
IB.F.
7
HALL & COMPANY
BUT AND SELL
Railroad
Public Utility
Industrial
Municipal
BONDS
YIELDING
5 to 7
Metal Market.
NEW YORK, April 6. Copper, Cssa.
Electrolytic, spot and second quarter,
19WlVic
Iron, steady. No. 1 Northern, $47048;
No. 2 Northern. $45 46; No. 2 Southern.
$4243.
Tin Steady. Spot, 63.75c; April-May,
63.50c.
Antiinony 19.75c
Cotton Market.
NEW TORK, April 5.. Spot cotton,
sleaav. Middlinj, ,
Goodrich Co.
Convertible
5-Year
Gold Motes
7s at 9814
Wire en? am "coned."
FREEMAN
SMITH &
CAMP CO.
Foreign Government Loans
Local Securities
x Preferred Stocks
Lewis Bldg., Portland, Or.
NOTES to
Yield About
7
.50
B. F. GOODRICH CO.
One of world's largest manufacturers of
Auto Tires and Rubber Goods.
5-year, 7 notes, convertible into cqmmon stock at option.
""" Earnings last 5 years
- - r Six Times Interest Charges Price 98.25
bellV TELEPHONE CO.
OF CANADA
Company owns and operates trie principal telephone
systems in Eastern Canada. Dividends for last 34 years
never less than $8 a share. 5-year 7 notes.
PRICE 98
LIBERTY AND VICTORY BONDS
If yon most sell yonr liberty or Virtory bonds, sell to in.
If you no bay more Liberty or Victory bonds, bay from as.
On April 5, 302O. the closing; New York market prices were as green be
low. They are the governing- prices for Liberty and Victory bonds all over
the world, and the highest. We advertise these prices dally la order-hat yon
may always know ths Nsw York market and the exact value of your Uteny
ana iciory nooas:
1st 1st- Id 1st- Sd 8d 4th Victor
Ks 4s M 4 1111 41 4V KVm 4
Market... 9.4 t 0O 8 6 91.1 187. 7 2.t0 .8S 97.8S 978
Interest... 1.04 1.23 1 6 1.31 1 8U .24 2.01 1.15 1-48
Totsl f7.T2 (91.23 $81.16 S02.43 K9 38 m 14 9189 t.03 't0..3
When buying we deduct 37c on a ISO bond and UNI on a S10O0 bond. We
sell at the New York market, plus the accrued Interest.
Borglar ud Klre-proof Safe De-poslt Boxew for Rent mmm
Opes Dmta 8 P. M. n Sarnraaya
MORRIS BROTHERS, Inc.
The Premier Municipal Boaa House Capital Owe MUllosi Dollars
Morris Bulldioa. 309-11 Stark Street. Bet. Fifth amd Stath .
TELKPHO.VEi BROADWAY 2151 Kstabllsbrd Over a Quarter Ceatlry
Ii
taf rT-SkOessco
omaoSiriistCo.
Borxds -Trusts- Acceptances
' 2vrrte
Capital sk Sur-plMS 6oo.es
UeMrmjnt DM4.
Por-rlsMvd. Of-sjvqocu
FACTS NO. 51.
ce pieee
SMmnunn bak ovae
US S4
COMMERCIAL
EXPANSION
The commercial e x p a n
sion and the c o u n t r y's
business at large are be
coming more and more
dependent upon the motor
truck. LfOcal freight
trains are giving way to
motor trucks for the
"short haul." To realize
this evolution to its full
and complete efficiency
roads should be paved
with
BITULITHIC
WARREN BROTHERS
COMPANY
Make Your Money Work
Nobody can make a fortune by sarhio; money from their salary
or wages. Saving; is, of course, necessary but more than saving; la
required to make a fortune. One good invewtnent is worth a lifetime
of savins.
We offer you an absolutely aafe inswjotmxt that we believe will
pay you 50 per rest or more every year. W own and operate a
great salmon, clam, beef, vegetable and fruit esjinerv; a genoral
store; & hotel; and a water transportation business with what isj
perhaps the highest freight rate in America. We- have many prom
inent stork holders in Portland, and refer yost to any bank or buxlaesa
hoase in oar city. The stock is only 10 cents a share and you can
invest any amount from $25 up. We are raising this money to pay
for the new boat we are building, the new hotel building, and in
creasing the output of the cannery. Our new circular tells all about
it. Bend for it today.
ttTTEKTS TR-tDISG CO, TTOQT'IA TT. WASH.
Portland Gas & Coke Co.
First and Refunding
A ' Mortgage Bonds
Here is an investment in one of the best established and
most profitable public utilities in the Northwest.
A High Grade Preferred Stock
Yielding 7.75
COMPANY established 1876.
NET assets over $200 per share
EARNINGS over 3 times dividend re
quirements. MANUFACTURES the famous j"WaIlis Trac
tor" and "Case Plow."
SINKING fund of $175,000 per annum be
ginning 1923, strongly protects issue.
LrlSTED on the Chicago Stock Exchange.
' PRICE at market, yields about 7-75 .
Dividends Exempt From Normal
Federal Income Tax
We recommend for conservative ravestment, tKe
7 Cumulative First Preferred Stock of the
J. L CASE PLOW WORKS COMPANY
VPriu or call at our office for eampU itcrlpltm
and interesiinf analysis.
A. B. Leach & Co., Inc.
Iirwestment Securities
New York
Philadelphia
St. Louis
Boston
Minneapolis
Milwaukee
Cincinnati
Baltimore
Cleveland
Detroit
Dohith
105 South La Salle Street, Chicago
Price 83.34 and Interest to Yield
Circular upon request.
OARK.KENDA11 & CO. INC.
B.F.GOODRICH COMPANY
5-YEAR. 7 NOTES
Dated April 1st, 1920 Due April 1st, 1925
Convertible Into Common Stock at 80
One of the largest manufacturers of automobiles, tires
and rubber goods in the United States.
PRICE 98.25
to Yield About
7
.50
Blyth, Witter. & Co.
UNITED SCOTS GOVERJWHTT MumOPAI. AI5D C0RP0RATI0IT BONDS
YEON, BUILDING PORTLAND
- Telephone Main 3304 "
San Francisco Seattle New York Loa Angeles
Not Since Civil War Days
ONE MUST go back to Civil War Days for
yields equal to those offered today in high
grade securities. The following issues selected
from our April list are offered subject to
prior sale and change in price.
Yielding
Issue about cya
Fresno City School District 5s 5.00
Maturing August 15, 1948-54
Two Rector St. Corp. (N. Y.) 1st Mtge. 6s 1 6.00
Maturing April 1, 1935
San Joaquin Light & Power Corp. 1st & Ref. Mtge. 6s. .6.30
Maturing August 1, 1950
Province of Manitoba, Canada, 6s..............'.t....7.00
Maturing April 1, 1925 '
Virginian Railway Equip. Trust 6s ........ .7.00
Maturing October 1, 1921-28
Anglo-American Oil Co, Ltd, 5-Yr. 7s ......7.45
Maturing April 1, 1925
United Kingdom of Gt. Brit. & freland Conr. iYi.. .3.95
Maturing November 1, 1922
Japanese Government 1st Sterling 4 Vi .9.75
Maturing February 15, 1925
Complete list featuring seventy
attractive issues sent on request for OR-028.
The National City Company
Correspondent offices in more than 50 cities.
v PORTLAND YEON BUILDING
Telephone: 6072 Main
Bonds . Acceptances Preferred Stocks