THE MORNING OREGONIAN, WEDNESDAY, MAT 5, 1920
23
HIGHER PRICES RULE
IN WHEAT W1ARKET
Soft White Brings 55 Cents
Over Boise Quotation.
PREMIUM ON HARD STRONG
STOCK COURSE REVERSED
WHEAT Government basis. 12.20 per I
bushel.
FLOUR FamdT lutuiti 11S.15: bakers. I
hard wheat, (13.75; white wheat. (12.05;
graham, JU.80; valley. sil.40; straights.
11 per barrel.
run. 484U per ton; rolled barley. $72 CBSTAXTlAIi GAINS SCORED
run, I4647 per ton; rolled barley. 72
Active Demand .From Exporters
And Coast and Eastern Millers.
Feed Grains Also Firm.
'Wheat was strong yesterday with de
mand from exporters and eastern coast
millers. Premiums up to 55 cents on soft
white and 70 cents on blue stem and Tur
key were quoted by western buyers, while
the eastern trade did business In Mar
quis on the basis of 70 cents.
feed grains were also firm. May corn
was np 60 cents on the local board and
May eats were 35 cents higher. Barley
bids were advanced from 25 cents to $1.
Chicago barley options closed tt?3 cents
higher.
There was no change In the mill feed
market. There Is a strong demand from
the east for prompt shipment, but the
mills have little to offer.
Trading In the grain bag market baa
been reduced to small proportions.
Tho Merchants Exchange association
voted in favor of standardization of the
trading rules of the Portland, Seattle and
Taeoma exchanges, and a committee was
appointed to report on the necessary
changes and steps toward co-operation.
Broomhall cabled from Uverpool:
"Corn trade in the United Kingdom is
restricted. Argentine prices are firm and
tho market maintains a heavy undertone.
There Is a large surplus this season, but,
due to lateness of the season, early de
liveries will be light. Further business
wlth America Is reported. There Is a
heavier tone In oats in the United King
dom for both imported and domestic."
Terminal receipts, in cars, were reported
by the Merchants Exchange as follows:
Wheat. Bar. Fir. Oats. Hay.
Portland. Tuesday 14 ... 12 ...
Tear ago T ... 7 2
8esson to date...78!8 174 3984 441 2071
Tear ago 7183 1031 25UI 682 8054
Tacoma. Monday. 20 1 20 . . . 1
Tear ago 18 2
Season to date... 6624 93 3047 175 813
Year ago 6295 34 ... 104 1207
Seattle, Monday. 25 1 14 ... 5
Tear ago 1 ... 6
Season to date... 8911 243 1088 643 1163
Year ago 5286 74 1225 532 2543
EASTERN FLOCB IS STKADILY RISING
Market Follows Upward Course of Wheat
Prices Buying Is Small.
MINNEAPOLIS. Minn., May 4. (Spo-
olaL) The Northwestern Miller's Weekly
Bevlew of the flour trade says:
"With cash wheat selling at 32.90 to
$3.35 per bushel flour prices have gone
Bteadily upward and patents now average
from S13 per barrel for soft winters to
$15.50 for springs. There Is. considerable
inquiry from buyers, but purchases are
mostly small and for immediate needs
Transportation difficulties are preventing
many mills from either getting wheat or
shipping flour.
"Absolute uncertainty as to the future
course of wheat prices after the grain
corporation goes out of business June 1
is making everybody cautious, but much
is boped from the conference called by
tho wheat director for Friday. There is
considerable fear of a scramble by for
eign government buying agencies for
American wheat.
- - - -The output continues about the same.
Kansas and Oklahoma hard winter wheat
mills reporting an output last week
amounting to 49 per cent of capacity, the
Ohio valley soft winter wheat mills 28
per cent and the spring wheat mills 38
per cent."
MOM AIR MARKET IS MOKE ACTIVE
I-rlce Will Be Established When First
Fool Sales Are Held.
Mohair Is moving more freely this week.
Phearlng Is well toward completion and
stocks are accumulating at country points.
The present price is 40 cents to the
grower, but the market will not be fully
established until the pool sales are held.
The first sale scheduled will be at Dallas
on May 10. It Is reported that a pool is
being formed at Eddyvtlle and it is prob
able there will be pool sales at Browns
ville, Lebanon. Scio and Corvallls. It is
pointed out by the buyers that If early
notifications were given of coming sales, it
would be to the advantage of growers
by providing more competition.
73; rolled oats. 7071; scratch feed.
CORN Whole. $75076; cracked. $77
78 per ton.
HAT Buying price, f. o. b. Portland:
Alfalfa. $34;, cheat. $23; valley timothy.
$31. .
' Dairy and Country Produce.
BUTTER Cubes, extras, 55c per pound;
Prints, parchment wrappers, box lots, 58o
per pound; cartons. 69c: half boxes
c more; less than half boxes lc more; I
butterfat. No. 1, 56 57c per pound at sta
tions: Portland delivery. 58c.
cirtiB joooing prices to retailers: Ore
gon ranch, case count. 4J.C; candled, 42c;
select. 44c.
unwais Tillamook. I. a. b. xinamooa:
Triplets, 32c; Young America. 83c; long-
noma, 33c. Coos and Curry, f. o. b. Myrtle
Paint: Triplets. 81c: Young Americas.
82 c per pound.
ruui-TKl Hens, zsspttzc; orotiers, aap
40c; ducks, 4c; geese, nominal; turkeys.
nominal.
VEAL Fancy, 21c per pound.
PORK Fancy, 22 Vic per pound.
Fruit and Vegetables.
FRUITS Oranges. $4.508; lemons.
$5.506.25 per box; grapefruit, $3.508
per box; bananas, 10 11c per pound; ap
ples, $1.504 per box; strawberries, $5
5.50 per crate.
VEGETABLES Cabbsge. e pound;
lettuce. $4 per crate; cucumbers,
$1.253 per dozen; carrots, $3.50 per sack;
celery, $1.602 per dosen; horseradish.
25c per pound; garlic, 0?0c per crate;
tomatoes. $5.50 per box; parsnips. 4c per
pound; artichokes, $11.25 per dozen;
spinach, 8 9c per pound; rhubarb. 4HJ3g
Dr Dound: neas. 14(17iic per round: as
paragus, 14c per pound; cauliflower, $20
2.50 per crate.
POTATOES Oregon. $8- per sack:.
Takimaa, $8.50: new California, 13 V 2
14c per pound: sweet, jzc per pouna.
ONIONS Oregon. J 7 60 per sack; Austra
lian browns, $7.50 per sack; Crystal wax,
$5 per crate; yellow Bermudas, $4.25 per
orate.
Staple Groceries.
Local Jobbing quotations:
SUGAR Sack basis: Cane granulated.
24 lie per pound, extra C, 23.85c; golden C,
23 c; yellow , 23.65c; cubes, in barrels,
25.10c.
NUTS Walnuts, 26 38c; Brazil nuts.
35c; filberts, 35c; almonds. 38&38Vfcc; pea
nuts, 1616V&c; cocoanuts, $2 per dozen.
SALT Half around. 100s. $17.25 per
ton; 50s. $18.75 per ton; dairy, $27.25 per
ton.
RICE Blue Rose. 15c per pound.
BEANS Small white. I4c: large white,
7c; pink, 15c; lima, 13c per pound;
COFFEE Roasted. In drums, au'ecuc.
bayous, 11 Vic; Mexican reds. 10c per pound.
Provisions.
Local jobbing quotations:
HAMS All sizes, 39W43C; skinned, 87
44c: picnic, 25o; cottage, 35c.
LARD Tierce basis. 24c; compound.
25c per pound.
DRY salt snort clear packs, 232n
per pound; plates, 23c.
BACON Fancy. 45a55c; standard. 84 9
44c per pound.
Hides and Pelts.
HIDES Salt bides, under 45 Ibe.. 22c;
green hides, under 45 lbs., 20c; salt hides,
over 45 lbs., 18c; green hides, over 45 lbs..
16c: green or salt calf, to 15 lbs., BOc;
green or salt kip, 15 to 30 lbs.. 28c: salt
bulls. 14c; green bulls. 12c; dry hides. 30c;
rirv salt hides. 24c: dry calf under 7 lbs..
55c; Salt liorse, large. $7: salt horse,
medium. $6; salt horse, small. $5.
PELTS Dry pelts, fine long wool, 85c;
dry pelts, medium long wool, 30c; dry
pelts, coarse long wool, 25c; salt pelts,
long wool. April take-off. $8 to $4.
Hops, Wool, Etc.
HOPS 1919 crop, $1 per pound; 1920
contracts, 75c; three-year contracts, 45c
average.
MOHAIR Long staple, new clip. 40c
IX WALL, STREET MARKET.
Largest Part of Trading Is In In
dependent Steels Further De
cline In Liberty Bonds.
NEW YORK. Mar 4 Probablv en the
theory that the recent continuous reversal
nad exceeded reasonable limits, the stock
market today reversed Its cotfrse decidedly,
recording a number of substantial gains.
Trading was unusually llsht. the turn
over being the smallest of any full ses
sion or tne past fortnight.
Save for freer offerings of call money
at 8 per cent and later at 8, the factors
which long had governed the market were
not materially changed. The Industrial
situation was even less encouraging as
evidenced by the reported expansion of
the New England textile workers' strike.
Mora than a proportionate quota of
the day's business was supplied by inde
pendent steels.
High grade rails were on or two
points up at their best and secondary
or speculative Issues one to three, but
these aiso yielded to profit taking with
motors, shipments and sugars at their
close. Sales. 875,000 shares.
Further weakness of liberty Issues, es
pecially the 3 Vis at 89.30, representing a
loss of 2 per cent, unsettled the general
bond market. Total sales (par value).
$13,675,000. Old United State bonds were
unchanged on call.
CLOSINO STOCK QUOTATIONS.
Last
Sales. High. Low. Sale.
Am Beet Bug. 1,400 94 93 93V4
Am Can 2,100 41. 41 41V
Am Car A Fdy 90O 1333. 132 133
Am H A L ptd 1.9O0 100 98V4 99
Am Loco 4,500 95 V4 84. 95 Va
Am 6m A Rfg 8,200 60 69 60V
Am Sugar Rfg 1.600 130 . 129 V 1S0VA
vj sura luu. . i,ouu OB
Am Tel A Tel 1.40O 94 ?i
Am Z L A Sm 300) 15
Anaconda Cop 2.800 67
Atchison .... 8,000 79
A O A W I S S 800 150V4
Baldwin Loco. 51,000 1194
Bait Ohio.. 8.300 83 V
Beth Steel B. 64,600 95
B A S Copper 900 23
Calif Petrol .. GOO 81 V4
Canadian Pae. 600 117
Cent Leather. s,T00 72
Ches A Ohio.. 800 53
Chi M & St P 1.500 84 V
Chi & N W .. 900 80 .
Chi R I A Pac 21,000 33
Chino Copper. 500 32 V
Col Fu A Iron 200 36
Corn Products 12.200 96 Vi
Crucible Steel. 8,000 141
Cuba Cane Sug 8.40O 52
4,200 12 Vi
900 144
1.900 298
1.50O 75
2.UOO
30O
2,100
1,300
1,200
4,400
600
21.52; cables, 21.60; marks, demand, 1.T9;
cables. 1.80; drach waa 8.68.
Sterling- fell sharply In the lata deal
ings. Sterling, 60-day bills, 3.80; com
mercial. 60-day bills on banks, 3.80; com
mercial 60-day bills, 8.80; demand, 8.8S;
cables. 3.85.
Government bonds, weak; railroad bonds,
irregular.
Time loans strong; all dates m.
Call money strong. High 8; low 6: rul
ing rate 8; closing bid 8; offered at 7: last
loan 6.
Bank acceptances, 6 per cent.
Bar silver, $1.00 V.
Mexican dollars, 82c.
LONDON, May 4. Bar silver, 64d per
ounce. Money 4H per cent.
Discount rates, short bills. 6 per cent.
Three-month bills. 6 per cent.
Swift Co. Stocks,
Closing prices of Swift A Co. stocks at
Chicago were reported by Overbeck A
Cooke company of Portland as follows:
Swift A Co 113
Llbby. McNeill Llbby 29
National Leather 12
Swift International 88
Standard Oil Dividend Declared.
SAN FRANCISCO. May 4. Tne regular
uarterly dividend of $2.50 a share, to
gether with an extra dividend of $1 a
share, was declared on Its outstanding
stock today by the Standard Oil Company
of California. The dividends are payable
on June 15.
May..
July. .
depend upon developments in railroad I Sent. .
circles. It waa strongly Intimated to-1
day that an early settlement of the ex-1 May..
whins iauw oiixicuities is to oe expected. July..
uu neavy Duying, credited to cover
ing by eastern interests, advanced orices
sharply immediately after the opening.
w earner conditions were not exactly fav
orable in that temperatures were too low.
but clearer sklea have permitted the pro
motion of seeding operations and numer
ous advices reported seeding now nearly
completed. A substantial setback seems
more than likely based on technical con
ditions alone, after which it will bo large
ly a question of transportation.
Loading futures ranged as follows:
May. .
July. .
Sept. .
July. .
CORN CLIMB CONTINUES
SMAIX OFFERINGS AND SHORT
COVERING LIFT PRICES.
35
85
52
85
19
70H
28
EGO BUYING PRICE
IS
RAISED
Dealers Offer 41 Cents to Country Ship
persButter Is Steady.
Kggs were firm and higher yesterday,
with a good outside shipping demand.
Buyers sent bids of 41 cents delivered to
country shippers.
The butter market was steady at pre
vious quotations. There was evidently a
wide spread in the quality of the cubes
offered. Judging from the prices asked.
The best grades were held at 54355 cents.
Poultry was weak, particularly light
hens, which sold down to 28 cents. Heavy
bens brought 32 cents. Broilers moved at
S5Qy40 cents. Dressed meats were un
changed.
Trading Small In Hide Market.
While hide prices are unchanged, trad
tng is almost at a standstill. Tanners
largely withdrew from the market some
time ago, and they have not yet resumed
buying. The reasons given for their in
activity were the financial situation and
the probability of tannery strikes the first
of this month,, when the wage agree
ments expired. No word has been received
yet of labor troubles on this scoi'e.
Increase in Week's Shipments.
Wheat shipments for the past and for
mer weeks were:
Wk. end. Wk. end. Wt end.
Mav 1 Anrll 24 Vnv 3.1fl
TT.' B. A Can. 2,710,000 2,230,000 12,335.000
Argentina... 7,977,000 7,783.000 1,125,000
Australia.... 733.000 656,000 936.000
Total 11.423.000 10.669.000 14.398.000
snipments for the season to date com
para as follows:
Total since Same period
JulV 1-19. last n.a.tn
TT. S. and Canada. .245.788,000 275,325 000
Argentina 18o.084.0n0 71 575 000
Australia 82.083,000 48.432!oOO
India 120,000 6,461,000
Total
. .808,975.000 400.793,000
Sngar Advance Is in Effect.
New sugar prices went into effect in the
local Jobbing market yesterday, based oa
2sV cents for cane granulated.
An advance of 25 cents in a leading
western brand of condensed milk was an
nounced. Bank Clearings.
Bank cleartags of the northwestern cities
yesterday wre as follows:
Clearings. Balances.
Portland $5,876,290 $ 970.586
Seattle 7,047,491 1,240.581
Tacoma 1.018,797 ' 1A0.561
Spokane 1.732.29 2 487.410
PORTLAND MARKET QUOTATIONS
Grain. Floor, Feed. Etc
Merchants' Exchange, noon session:
Bid-
Oats May.
Ko. 3 white feed $6.75
Barley
No. 3 blue 66.75
Standard feed .............. 65.50
Corn
Ko. 3 yellow 69.50
Eastern grain, bulk: .
Corn
pound.
TALLOW No. 1, 11 12c; No. 2. 10c
per pound.
CASCARA BARK Per pound, old peel,
llVic; new peel, 10c per pound.
WOOL Eastern Oregon, 40 & 60c; valley,
medium, 60c per pound.
GRAIN BAGS Car lots. 21c, coast.
Oils.
LINSEED OIL t Raw, barrels. $1.98;
raw drums, $2.05; raw, cases, $2.13;
boiled, barrels, $2; boiled, drums, $2.07;
boiled, cases, $2.15.
TURPENTINE Tanks, $2.46; cases,
2COAL OIL Iron barrels. 1-4 V 17c;
cases. 27 34c.
GASOLINE Iron barrels. 27c; tank
wagons, 27c: cases, 39Vc.
FUEL OIL IJUIK, i w per uwici.
SAN FRANCISCO PRODUCE MARKET
Prices Current on Vegetables, Fresh Fruits,
Etc.. at Bay City.
ban FRANCISCO. May 4. Butter
iwir. rrade. C6fec: extra, firsts, normal.
Secern Fresh extras. 4oc; firsts, normal.
pullets, 41 He: undersized. 34c
Cheese Old style California nats, tancy,
25 Vic: firsts. 23c: Young America, 28 c.
Poultry Hens. large. 42B!4Jc: smau,
36&3SC; strictly youna roosters. oasc
for good; old. 1719c: .fryers. soaoJc,
K-n,-. I,.,... 44&46c: small. 3c: geese,
per pound. 3032c; ducks, 2931c; Belgian i
dozen, as to size: pigeons, per dozen,
$2.603: squabs, 5058c per pound.
Vegetables neans. J'uiinini ,iij.
14&?17c per pound; bell peppers per
pound. large. 3540c; small. 715c.
Squash, summer squash, per crate. $1.2o
1 75: Italian squash, $1.501.75. Tomatoes.
Mexican, fancy. $3.5O64.50 per 30-pound
lug: Imperial. $3.253.50. Potatoes, rivers.
$7.50 7775 per cental; plow outs, $6.50
7; netted gems, $7.507.75; new potatoes,
garnets. 7Vj8c; white. 7Vi,8V4c per
pound; Turiock sweets, wiw. mhuh
Kmwn cARr.n nn Ktrent: Imperial Ber
muda, 6 7c per pound; crystal white.
7Sc per pound: cucumDers, notnouse.
per box. Garlic. 3035c per pound.
Artichokes. $4 6 per large crate. Tumlos.
1 7Kt carrots. 81.25 lfi 1.50: beets. $2.20
2.75 per sack; lettuce. $!&.!. SO. Asparagus,
7&9c: fancy graded. iuwi-c; green
asparagus, 35c; green onions, $1&1.25
per box; celery, per crate. a.io; egg
plant, Los Angeles. 10l'5c per pound,
p'l-tiit O-ranees. navel. $36(7 according
to size; Valencia. $4.508; lemons, $3.25
6; grapefruit. $2.5003.50. Bananas, cen
tral American, 9lic: Hawaiian. 10S12C
per pound; pineapples, $3&5 per dozen.
Apples. Newtown Pippins, 3V tier. $3
3.25; 3-tler. $2.753; 4-tier. $2.502.7o.
Rhubarb, $1.251.50: strawberries. Penin
sula and Watsonvllle. 75cef$l: loquats.
510c; avocadoea, per dozen. $48 for
large. Apricots. $6 per crate.
Receipts Flour, 1780 quarters: wheat,
2R2 centals; barley, 182 centals; oats.
12O0 centals: beans, 93 sacks; bay, 390
tons; eggs. 35,880 dozen; hides, 250 rolls;
livestock. 46 head.
1
Grain at San Francisco.
SAM . FRANCISCO. May 4. Grain
Wheat. $3,66 2-8 per cental: oats, red,
$3.103.15; barley, feed, $33.10; corn,
California yellow, $3.25 3 50: rye, nominal.
Hay Fancy wheat hay. light, five-wire
bales. $3841 per ton; No. 1 wheat or
wheat and oat hay, $3538; No. 2, $330
35; choice tame oat hay, $3740; other
tame oat hay, $3337; barley hay, nom
inal; alfalfa hay, $3237; stock hay, $299
32; Oregon wheat and oat mixed, $29l032;
No. 1 barley straw, 70c ($1 per bale.
Seattle Feed and Hay.
SEATTLE. Wash., May 4. City delivery:
Feed, mill, $49 per ton; scratch feed, $88;
feed wheat, $96; all-grain chop, $78; oats,
$76; sprouting oats, $80: rolled oats, $76;
whole corn, $79; cracked corn, $81; rolled
barley, $76: clipped barley, $81.
Hay Eastern Washington timothy
mixed. $45 per ton; double compressed. $o0;
alfalfa, $43; straw, $18: Puget sound, $38.
U S Fd Prods.
Erie
Gen Electric.
Gen Motors . .
Gt No pfd
Gt No Ore ctfs
Illinois Central
Insplr Copper.
Int M M pfd..
Inter Nickel..
Inter Paper ..
K C Southern.
Kennecott Coo 2.500
Louis A Nash. 300 101
Mexican fetroi 7,uuu lio
.Miami Copper 700
Mldvale Steel. 8.300
Missouri Pac 8.60O
Montana Pow. 100
Nevada Cop.. 300
N T Central.. 8,200
X T N H & H 7.500
Northern Pac. 1,200
Pan-Am Pet.. 27,700
Pennsylvania.. 8,000
Pitts A W Va. 200
Pittsburg Coal 500
Ray Con Cop. w
Reading 37.200
KeD lr Sfc Bteel
Shat Ariz Cop 300
S C Oil & Rfg 18.300
Southern Pac. 15.500
Southern Ry.. 4.400
Studebaker Co 36.500 108
Texas Co 15,000 47
Tobacco Prods 1.500 47-
Union Pacific. 2.80O 118
Untd Retl Strs 16.200 71
U S Ind Alco. 6,900 85
U S Steel 63.300 95
do pfd 800 107
Utah Copper.. 1,600 68
Western Union 300 85
Westing Elect 800 49
Wlllys-Overlnd 13,500 18
Mtttlrtnnl Lead 80
Ohio Cits Gas 2,400 40
Royal Dutch
21
46
24
63
13
71
29
75
96
41
81
69
17
87
96
9
86
96
21
88
94
13
67
77
148
116
32
93
22
81
117
71
62
83
80
82
31
86
95
135
50
62
12
J4
289
74
35
85
52
84
19
63
13
27 V
101
172
21
44
23
63
1S
70
28
74
95
40
80
68
17
87
94
9
35
94
20
106
43
46
116
68
83
94
107
67 V
85
48
17
7R
39
113
88
94
13
67
78
148
116
33
94
22
31
117
71
83
83
80
32
31
S8
95
137
50
64
12
143
289
74
35
85
52
84
19
69 Vi
14
27
101
173
21
45
24
63
13
71
28
74
40',
59
17
87
94
86
95
21
46
46
117
69
S4
94
107
68
8.1
49
18
HO
40
113
15.000 116
BONDS.
rr n T.ih ftii.it 89.401 Anrlo-Fr. 6s... 98
An 1st 4s 84.S0lAm TAT cv 6s 94
do 2d 4s. . . ,.84.80lAtchen gen 4s.. 71
il 1t 4Us 85.58 DtR G cons. 4s 69
do 2d 4s... 85.04. N Y C deb 6s.. 87
rio Sd 4ti s. ..BO.lOiNor Pac. 4s... 70
do 4th 4s. . -85.62(Nor Pac. 5s... 80
Vlntnrv 34is 96.24IPSC. TAT OS. . 82
do 4s 96.26JPen con 4s 84
U S 2s reg "lOlte Sou Pac cv 6s. 89
U S 2s coup. .101 Sou Ry 6s 78
U S 4s reg 106Unlon Pac 4s.. 79
U S cv 4s cou. -iobu a ateei os.. sa
Pan. 8s reg 80
Pan. 3s coup . . 80 Bid.
Mining Stocks at Boston.
BOSTON, May 4. Closing quotations
Allouez 30
Cal. & Ariz. ... 60
Cal. & Hecla ..325
Centennial .... 12
3op. Rg Con Co. 89
Franklin 2
isle Roy cop. . . 20
Mohawk 61
isortn utte
Old Dominion
Osceola 43
Quincy 65
Superior S
sup ; Boston M 4
Shannon ....... 1
Utah Cons 6
v oivenne ..... I n
Granby Cons. . . 40
18 Green Cananea. 30
28
Money Exchange, Etc.
NEW YORK. May 4. Mercantile paper,
Exchange strong. Sterling, 60-day bills,
3.82; commercial, 60-day bills on banks,
o.o-s; commercial, ou-aay Dills 3.81; d
mand, 3.86; cables. 3.87. Francs, de
hand. 16.42: cablea. 14.40: Rrlrian r,.n
demand. 15.36; cables, 15.34; guilders, de
in. im. .o..; caDies, aofe; lire, demand
PAYMENTS
monthly buys otifricht mrv stock or
bond. rXttxhasmr secures mil diviehndA
vaaiott cur sptcatty. Writ fbrsihettd
list and Ml particulars - FREE.
CHAPLES E.VAN RIPER
temtwr Cor.ftGlirfot.J Stock CehwiM
SOBWOAD ST. N rwvop kT
Only Moderate Selling by Bulla to
Realize Profit Oat Bought
Heavily for Kxport.
CHICAGO. Mar 4. Nw Tilrh prie
records continued to be mad today by
raders In corn and oats. Scarcity of of
ferings together with uneasiness -ton the
part of shorts did a rood deal to force
values upward. Corn closed nervous, 1
o 3Vc net hirher, with July l,o9 C9
1.70. and September $1.81 (91.62. Oats
rallied to 24 c. In provisions the out
come varied from 20c decline to 12 c
advance.
About the only sellinr of corn durlnc
most of the session came from, bulls who
wished to realise profits, but with the
markat almost Incessantly pom tins; up
ward the majority of the longs were con
tent to hold tight.
In oats the feature was big purchas
ing of July and September deliveriei
supposedly for an eastern exporter.
Weakness in hog values depressed pro
visions, but the effect was largely, coun
ter-balanced through the strength of
grain.
The Chicago market letter received yes
terday by Overbeck A. Cooke company of
Portland said:
Corn After reaching new high figures.
the market became erratic and fluctuat
ed In an Irregular manner until Just be
fore the close, when pressure subsided
and the market rebounded to the high
point, closing at the best of the day.
Short covering has been indulged in" very
extensively the past few days, and not
withstanding the firm appearance or the
market at the close, there is little doubt
but that the tech leal position has been
materially weakened, leaving the market
susceptible to bearish news Items. For
the Immediate future a great aeai will
Province of
Saskatchewan
Dominion of Canada
Four-year
Gold Bonds
to yield
30
Open.
SI. 79
1.60
1H
CORN.
Hlah.
SI. S3
1.70
1.62
OATS.
.9.1
Low. Close.
SI-79 SL82
1.68 1.69
1.60 1.61
.1 ,4
2i
.77 .78 .77
MESS PORK.
S&60 36' 60 36.35
LARD.
19.50 19.80 19.80
2O40 20.70 20.40
SHORT RIBS.
May.
July.
18.85 18.45 18.25
Cash prices were:
Wheat No. 1 mixed. S2.95.
Corn No. 8 mixed. Sl.8701.89
yellow, $1.06.
Oats No. 2 white. S1.181.17: No. 3
white. 1 101.16.
Rye No. 2, S2.17.
Barley 1.76 fa, 1.8 7.
Timothy seed $10(S11.50.
Clover seed $25&35. ,
Pork Nominal.
Lard S19.75.
Rlhs $12.75018.
.78 !
84.80 '
36.50 S. K
! l!!l!siHlii;iiili!i!!lii!!, Jl :
No. 2 ' ,
(1
!
17.45
18.45
OLD ROOFS CAN BE SAVED 1
Your neighbors make badly worn
roofs corns to life anl last many
years longer by applying
COATUICi
ItresaturatesanolddriedKjritroof. It contains
penetrating preservative oils that soak into the
dry crust and dry fabric and soften it, give it
new elasticity, body and toughness.
The Asbestos fibre and the genuine Carey
Asphalt fill up the pores, add new body and
seal the surface air-tight. That's why this is
the best coating you can buy. That's why Fibre
Coated roofs last so many more years that the
coating is paid for over and over again. Don't
wait till your roof is all gone.
' We aeTT it in oaraa or barwvtm.
ASPHALT ylSsSEaSTlslS MAGNESIA
A. Jm4W Eomry Building
PACIFIC ASBESTOS &
SUPPLY COMPANY
DISTRIBUTORS
67 and 69 First Street,
PORTLAND, ORE.
4V-2S
Four-year 6s at 95.56
Due May 1, 1924
Payable in U. S. Gold Coin
Wire orders "collect
Freeman
sesess nsea S FAITH Sl
K.BTM.f .TI . M BASK llM j.
S BUS S4S
Minneapolis Grain Market.
MINNEAPOLIS, May 4. Barley.
j1.76.
Flax No. 1, $4.674.77.
$1.45
Dnlntb Linseed Market.
PTJLTJTH. May 4. Linseed. $4.67 ''M. 72.
June.
$67.00
6.0
65.00
Position Wanted
Have had several years' ex
perience as foreman and super
intendent in eastern factory.
Understand production and cost
systems. Willing- to' consider
any position in which there is
an opportunity for advance
ment. AC 348, OREGOXIAJT.
Owing to Market
Conditions
UADD S.T1LTON
bonds of the Canadian Provr
inces may be purchased to
day to better advantage than
ever before. These securities,
backed by the enormous re
sources of the Provincial governments, are safe
investments, which at present low prices yield
a high return. Principal and interest on all
these issues payable in gold coin in the United
States. We own and recommend for investment:
PROVINCE OF SASKATCHEWAN 6's
Due May 1, 1924
Price: 95.56
To yield 7.30
PROVINCE OF MANITOBA 5's
Due April 15, 1923
Price: 94.03
To Yield 7.25
PROVINCE OF ONTARIO 6's
Due April 15, 1925
Price: 95
To Yield 7.20 4
BOND DEPARTMENT
LADD '& TILTON BANK
Oldest in the
Northwest
1EMBER"-
LFEDERAL RESE
.SYSTEM .
Washington
and Third
May
Investment Opportunities
THESE securities are selected from our
May purchase sheet, which lists or de
scribes seventy-five issues of bonds, short
term notes and preferred stocks, all yielding
at present prices an unusually high rate.
Tlrldina-
Issae Maturities About '
Two Rector St. Corp. 1st
Mtg. 6s ....Apr. 1, 1935- 6.00
Illinois Central Ref. 4s Nov. 1, 1955 6.33
New Orleans &N.E. 4 '2s Jan. 1, 1952 6.47
Pennsylvania RR. Co.Sec7sApr. 1,-1930 6.88
Virginian Ry. Equip. Trust 6s Apr. 1, 1921-26 7.00
Am. Public Service Co. 6s Dec. 1, 1942 7.26
Kingdom of Norway 6s Feb. 1, 1923 7.60
Public Utilities Co. (Evans-
ville, Ind.) 6s Jan. 1, 1929 7.73
Motor Corp. 1st Preferred
Stock 8.00
Monon'hela VaL Trac Co. 7s. July 1, 1923 8.25
Japanese Government 4s.... Jan. 1, 1931 10.00
Our municipal offerings now include issues of
more than fifty different municipalities in nine
teen separate states, with a wide choice of maturi
ties at prices yielding from 4.90 to 6.
We recommend these attractive securities
for investment.
Send for oar May circular , mailed on
request for OR-302
The National City Company
Correspondent offices in more than SO cities,
s Portland Yeen Building
Telephone Main 6072
A National Investment Service
Ira
tV!nt, ri'u...iiiM -
ill! ! !&!!!!
iniuMiiiujiiiimsuji limit nun i
r
Two Splendid Canadian Offerings
Free from all Dominion Government Taxation.
Principal and semi-annual interest payable in U. S. Gold Coin in Ne
York or at quarters of Morris Brdthers, Inc. "
S45.000
GREATER
WINNIPEG
Gold Bonds
to yield
72
Rate 5 to 6 Per Cent.
Maturities 1922 to 1923
Prices 93.90 to 95.85
.and Interest.
Denomination $1000.
S225.0O0
CITY OF
EDMONTON
Gold Bonds -to
yield
72
Rate Per Cent.
Maturity 192S.
Price 86.68 and
Interest.
Denomination $1000.
-TIMPKG ISSCE The Greater Winnipeg Water District comprises the
' J;y ?r Winnipeg and its Important suburbs, area over 91 square miles.
Winnipeg: is the capital of the province of Manitoba, the third largest
city of Canada, with a population of over 220,000. Net debt of this dia
trlct is less than 4 per cent of assessed valuation.
EDMOTO ISSCE Edmonton is the capital of the province of Alberta
has a population of over 60.000: is served bv three trans-continental rail
roads, and is one of the most substantial cities of Canada. Assessed
vo-.ukiwii iui liutes over SU tinllirni
Telegraphic Orders May Be Placed at Our Ersesn.
LIBERTY and VICTORY BONDS
If too must sell roar I.lhertT or Victory bonds, sell to m.
If you ran buy more I.ibrrtv or Victory bonds, buy from us.
, 0lJ,May 120. the closing New York market prices were as riven be-
1w- rney are the EovernlnK prices for Liberty and Victory bonds all over the
world, and the hichest. We advertise these prices daily in order that you may
.'"'" !low, the iew York market and the exact value of your Liberty and
victory lionds:
1st
Market... (81)34
Interest... l.Oti
1st 2d
4s 4s
S4.30 SS4.S0
1.35 l.SS
1st
4V.S
I S3 SO
i.e.-:
2d d 4th V 1 c t o r
htB Mm 4is Sis 4"is
JS.VCVO Jbll.10 (86.62 196.22 193 20
2.00 .50 .23 1.45 1.84
Total $90.40 J85.85 JS6.6S $S7.15 $87.00 tS9.6 $8o.S5 I9T.8T $98.04
'When buying we deduct 37c on a $50 bond and $2.30 on a 11000 bond. Ws
ell at the Nnw lork market, plus the accrued Interest.
Burglar aud 1 lreproof bale Deposit ktoxea for Beat.
Open until g P. M. on Saturdays.
M
I CasHTAL
1 OhcMhwon
orris Brothers ins
ne 7remierQMumcipa! Sond'House
Morris Bide.. 309-311 Stark fit. bet. Fifth and Sixth.
Telephone Broadway 215X
ESTAftu&MtO I
Oven QuAHTta I
CcNTuav f
0
Province of
Saskatchewan
Comprising: an area four times that
of France, with a population of three
quarters of a million people and
wealth assessed at more than a bil- ,
lion is security for this issue.
4-YEAR 6 GOLD BONDS
PRICE 95.56 YIELD 7.30
Principal and interest payable in U. S. Gold Coin.
Our May Investment List
will be sent you on request
meii43mCo.
Under- SiarvlsloiuOrooa siaieBamhinOepsdmmt,
BONDS TRUSTS ACCEPTANCES .
Lumber "iens Bldg
.isssmimMsy
Pacific Gas and Electric Company
5 YEAR, 7 CONVERTIBLE GOLD NOTES
Due: May 1, 1920
Denominations: $1000, $500
These Notes, convertible into Common or Preferred Stock of
the company, are the direct obligations of the third largest con
cern of its kind in the United States.
The company operates in thirty-three counties in California,
having an estimated population of 1,850,000.
This issue secured by collateral which the company agrees to
maintain at market value of at least 115 of this issue.
PRICE 97 Vs TO YIELD 7.70
BlYTri WiTTER & Col
' UNITED SEMES GOVERNMEUT MUNICIPAL AUD CORPORATION BOOTS
- YEON BLG. PORTLAND
a Main 8304.
d San Francisco Seattle New York Los Angeles
ifiiHIIiVi '"L"-'"'-lJ MM''a-Ts'!riisxsm.'m..wwm-.l,.aLlli ,,-,j.s.muumw e
$25,000
0
Province of Manitoba
6 GOLD BONDS
Dated: April 1, 120. Due: April 1, 1925.
Semi-annual interest, payable in GOLD in New York City.
Price 94.64 to Yield
7-30
JSE BUTLT SQ1
Qarstens Jarles, Incorporated
Est. 1891.
Government, Municipal & Corporation Bonds
Third Floor U. S. Bank Bldg. Telephone: Broadway 4108
"THE HOUSE BUTLT SQUARE"
Ko. S yellow 70.60
69X
i